Company No: 03245514 (England and Wale5) Charity No: 1058439 E5t. 1838 WALTHAMSTOW HALL SEVENOAKS Walthamstow Hall Annual Report of the Governing Body Consolidated Finanaal Statements For the year ended 31 August 2023 Wajthamstow Hall (A Charitable Company Limited by Guarantee) Registered Office: Walthamstow Hall. Sevenoaks, TN13 3UL 111 •AD3QFTSH* 2310512024 COMPANIES HOUSE Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 REFERENCE AND AI)MINISTRATIVE INFORMATION GOVERNORS, DIRECTORS AND CHARITY TRUSTEES The Walthamstow Hall Governors are the Charity Trustees. directors and members of the charitable company ("the Charity" or "the Sehool'l. They have all served in office throughout the year and are listed below. Mrs J 8 Adams Mrs C Crosley Mrj D Froud Mr P A Gloyne Mr S C Heather Dr N Wlepps Mrs J loynes Drj C H Kevis Mrs S A Lewis-Davies 4 d e f Mrs J Mitchell MrTRJ Price Mr5 B Rattray MrSPSwift Mrs M M West 5abcdefg (Chaimn) l ade 2abde 3 bef lili) Ivice Chairman) (Appointed 10 kptember 2022) (Retired 6 March 2023) Chairman of- l. the Finance Comrnittee che Premises Committee che Risk. Compliance and Wellbeing Committee che Communications and Dig'tal Committee che Education and Staffing Committee Member of.. a. the Finance Committee the Premises Committee the Risk. Compliance and Wellbeing Committee d. the Communications and Digid Committee e. the Chairmen's Group f. the Education and Staffing Committee g. the Associa￿ {Old Girls) Committee Nominative Governor appointed by. (i) the Governing Body (ill Parents (iiil Teaching Staff The Board is a self-appointing body. wth the exceprion of appoinrments made by parents and teaching staff. Nominative Governors appointed by the Governing Body are those of the Protestant Christian faith, with a preference for those who are members of the free churches. Recommended nominees may be sought from and made by The Council for World Mission. The Bapust Missionary Sociery and the Unl￿d Reformed Church. Trust Governors serve on the Board for terms of three years and Nominauve Governors for four years. Retiring Governors of Walthamstow Hall may be re-elected for further terms. The Chairman ofthe Assoaates Commitlee is an Old Girf who need not be a Governor. The current Chairman is Ms Clare Jarvis. Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 EXECtrrIvE OFFICERS AND PROFFSSIONALADVISERS Headmistress Miss SJ Ferro (until 5 June 2023) Ms L Chamberlain (from 5 June 2023) Bursar. Clerk to the Governors and Company kcretary Mr P A Horner Addre55 and Registered Office Walthamstow Hall Holly Bush Lane . SeveFtoaks Kent TN13 3UL Website v¥ww.volthamstow-hall.co.uk Telephone 01732451334 Bankers Natwest Commercial Banking I st Floor 440 Strand London. WC2R OQS Barclays Bank plc 80 High Street Sevefioaks Ken( TN13 ILR Solicitors Mccarthy Denning knmited MIns￿r House 42 Mincing Lane London, EC3R 7AE Russell Cooke LLP 2 Putney Hill London. SW15 6A8 Auditors Azets Audit Sernices 2nd Floor Reys House 45 King William Street London, EC4R 9AN Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 REPORT OF THE BOARD OF GOVERNORS FOR THE YEAR ENDED 31 AUGUST 2023 The Governors present their Annual Repor[ and the audited financial ststements of Walthamstow Hall for the year ended 31 Avgust 2023 in the fom13t required by the Charities SORP 2015. The report and audited financial statements a150 comply with the Companies Act 2006 as Walthamstow Hall was incorporated as a company limited by 8uarantee in August 1996. It has no share capital and is a registered charity. The guar2ntee of each Governor is limited to £1 and the Governors are the directors and members of the company. Resume of Walthamstow Hall Walthamstow Hall has educated girls since its foundation in 1838 originally as a school and home. in Walthamstow, for the daughters of missionaries. In 1882 the khool moved out of London to a purp05 built Arts and Crafts building at our present site in Sevenoaks. As the khool grew the Senior School became the gir15' Grammar School under the Direct Grant system. In 1992 the Junior School moved to its current site. an Edwardian building nearby. W21thamstow Hall is now a fully independent selective day School for girls aged 2 to 18 offering an enriched curriculum in a Christian setting. The Article5 were amended to allow boy5 to be accepted into the Nursery from summer 2023. Walthamstow Hall is a re8iStered charity number 1058439. The registered company number is 03245514. The trustees. Governors and executive officers are listed on pages 2-3. Particulars of the Charity's professional advisers are given on page 4. G()verning l)ocument The Charity. a company limited by guarantee, is governed by its Memorandum and Articles of Association as amended by Special Resolutions dated 21 June 2001- 3 March 2005.. 13 October 2010: 4 July 2011,. 23 January 2015 (taking effect on 17 March 2015)- 17 March 2017. 31 January 2020 and 30 June 2023. Trustees The Directors of the charitable company (who are also its member5) are the charity Trustees and are the Governors of the School. The Governing Body is a self-appointing body. Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 STATEMENf OF ETHOS AND AIMS Today, we aim to provide the highest quality education for our pupils from age 2- 18, with 3 common vision in both Junior 2nd Senior sections of the School. Walthamstow Hall educates girls with academic potential to lead confidenL challenging and fulfilling lives. The School educates girls to achieve their full potential by offering them an exceptional range of opportunities. Walthamstow Hall's Core Values: Re5pec( Integrity, Aspiration, Community and individuality. Walthamstow Hall is a School where: all individuals are respected and their individuality valued pupils are encouraged to achieve and expectstions are high intellectual, creative and sporting effort and achievement is recognised and a love of learning is fostered independent thinking. resilience and initiative are encouraged in a stimulating and supportive environment consideration for others. collaboration and self-discipline are promoted and good behaviour is the norm pupils learn to lead and to serve and develop a sense of responsibility and purpose both within school and in the wider community rewards and sanctions are applied consistently and fairty pupils, staff. governors and parents work in partnership We aim to provide a broad education. rich in opportunity, in a Christian setting that will foster confidence and prepare girls for challenging and fvlfilling live5. Charitable Objects The School's charitable objects are to advance education by the provision of a preparatory and secondary day School for girls with a preference for the daughters of ProtesLint Christian Missionaries with facilities for boys to be admitted to the sixth form and to the Early Years Foundation Stage. The Charity principally provides education to girls from the ages of 2 to I l {and boy$ 2 - 3) at the Junior School and from I I to 18 at the Senior School on separate sites in Sevenoaks. Kent from a catchment area across West Kent, Surrey. South London and East Sussex. Combined number5 at both Senior and Junior School averaged 555 (2022= 585). Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 STATEMENT OF ETHOS AND AIM5 (Continued) Aims and Intended Impact Through the above charitable objects and for the public benefit Walthamstow Hall's aim is to provide a first- class independent education. both through strong 3cademic tuition. and through developing wider 5POrting, artistic and social skills in all its pupils. The School strives to provide 2n environment where each pupil is inspired 2nd can develop and fulfil her potential thus building self_confidence and inculcating a desire to contribute to the wider community. Objectives and Activities The foci for the year included expansion and changes at the Early Years. including the move to accept boys in the nursery. preparations for the introduction of ISI Framework 23 and of course, the change of Headmistress in June 2023. We have continued to provide a first class. highly effective educational and pastoral environment which recogni5e5 rhe personal needs of each individual and delivers academic added value for all of our pupils and pupils of other schools in the wider community. The curriculum is reviewed continually to ensure that each pupil achieves their potential academically and provides them with a solid foundation for their next step to university or on into future employmenL We have continued to embed career5 and future path%Yays programmes across Key Stages 2-5. Contribute to local, national and international communities through our involvement with fellow schools and our charitable fundraisin& all of which are 5UPPQrted by the Governors. Develop our programme of bLtrsary funding and fee remission to widen pupil access to the School and ensure that education is provided to girls from a broad specrrum of sociery. Thbs has included continued support for Ukrainian pupils across the School. Maintain excellent pupil: teacher rntios. and to maintain our programme of profe55ional development for all Staff, particularly focu55ing on well-being strategies for both pupils and staff. Continue to support pupil voice at both the Junior and Senior Schools with regular meetings of their School Councils and the Eco Councils. Continue to develop Sport xcross both the Junior and Senior Schools supported by Governor involvement with the aim of building on sport for all at the same time as supporting elite sport. This has seen increased take up of both cricket and football,. the latter being particularly well supported at the Junior School post the success of the England Lionesses. Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 REVIEW OFACHIEVEMEiYfsAND PERFORMANCE FOR THEYEAR Public Benefit The charitable purpose of Walthamstow H211 is the advancement of education and 15 for the public benefit. The Governors of Walthamstow Hall are commitied to education, to broadening access to the School and to sharing the School's frdcilities and resources with schoo15 in the maintained sector. Governors use a wide range of occasions to promoie education of gir15 and continually seek new opportunities. Having moved to 'living with, Covid. the number of facilities used and shared has once again increased and was close to pre- pandemic levels by the summer. They continije to comply with their duty in s.4 of the Charities Act 2011 to have due regard to the general 2nd relevant sub-sector guidance. concerning the operation of public benefit published and under consultation by the Charity Commission. in exercising their responsibilities as Governors. Education for Pupils The School supports the attainment of the highest Stsndard5 in the Independent Schools sector. Pupils of the School achieve excellent public examination results. sraff act as markers and moderators for public examinations and the School supports a comprehensive induction programme for newly qualified teachers. The teaching profession benefits from the training and continuou5 development programme and in-service training for Walthamstow Hall staff as they move between schoo15 and education sectors. The School continues to develop links with local schools in both the maintained and independent sectors. In line with the country, the School returned to the pre-covid process for national exams in Summer 2023. Whilst alternate arrangements were available in case examinatsons could not take place. these were not required and examinations took place without issue. Results From 2023 And L£avers' Destinations A third of our students attained a fvll hand of A*IA grade5 and, in contrast to the national picture, Walth2mstow Hall's percentage of A* B grades represents an increase on the results in the three year5 pre- COVID. This year we have seen the number of students drop-out and reapply reduced significandy and regulate to excepted number5. Students are able visit universities and make sound decisions based on accurate predicted grades, excellent advice and support from tutors and our UCAS Coordinator. This year the most significant shift has been the two students who have accepted deferred places and taken a planned gap ye3r. Initially we had four students who applied for deferred places but chxnged their mind before accepting those places. This is an increase in previous years. although noc anticipated as an increasing trend. There have only been four students who have (re)applied this year compared to 12 from 2022 for 2023 entry. The application proce$5 for 2023 has been our best yeL It was decided to stagger the applications and divide them into Early (Oxbridge, Medics. Vets), Standard (the majority of students) and Delayed (those who were working to increase predicted grades). This was well received by students. p2rents, Heads of Department and the Sixth Form team. This will be replicated for next year. Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 REVIEW OF ACHIEVEMENfs AND PERFORMANCE FOR THE YEAR (Continued) From the 58 leavers in 2023, we had three take up Degree Level Apprenticeships with Barclays, Unilever and Lang O'Rourke. One student went into employment and one went to study Film and Media A Level. Three have (re)2pplied to alternative degree courses. 84% of graduates from 2023 will go on to university (not including the three Degree Level apprentices), 66% of those 5tudent5 will go to a Russell Group universiry, Bath or Loughborough. A*A 55 30•h 12Yo iOO/o 200/0 30 40 50 601yo Percentsgts of earh grade A l£vel Grades Summer 2023 In 2023, Waltham5tow Hall pupi15 continued ro achieve excellent results with 32% of all GCSES taken awarded a grade 9, up from 29% in 2019 (when exams were last Sat in the traditional way)- 55% achieved grades 8 or 9 and over 72% achieved grades 7. 8 or 9. The number of students achieving grade 8 or 9 for every GCSE subject saw an increase from 13% in 2019 to 21Y• in 2023. 9&8 55 211¥6 5Qh loo 20 30 40¥) 50 60 Percentsges of each grade GCSE and IGCSE equivalent Summer 2023 Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 REVIEW OF AcHIEVEMEr￿ AND PERFORMANCE FOR THE YEAR (Continued) 92% of English language entries were awarded Grade 7. 8 or 9. and the equivalent figure for Maths was 66%. Thirty pupils entered for Separate Science and. across the three Science5. 90% of awards were at Grade 7, 8 or 9 level. 84Yo of Drama pupils were awarded a Grade 7. 8 or 9. 74% of History pupils achieved a Grade 7. 8 or 9 and 75% of Fine Art pupils secured a Grade 7. 8 or 9. 88% of students that took French or German achieved Grade 7. 8 or 9. All pupils leaving the top of the Junior School were able to enter their choice of senior schools. in either the independent or the maintained sectors. and Six were awarded scholarships or exhibitions by that school (2022: 6) (including WH). Nine pupils sat the Kent Test and all nine were offered grammar school places. Value Added The School is a place of purposeful, joyful learning in which teachers and students work in partnership to achieve great thing5 with clear evidence that what is happening in our classrooms is special. Value Added is the independently verified statistical measure which many schools in the UK, including Walthamstow Hall, use to track the academic progress of students from Year 7 to Year I l and again from Year 12 to Year 13. Alongside many other UK maintained and independent schools Walthamstow Hall submits dats to the Centre for Evaluation and Monitoring (CEM) at Cambridge University Pre55 & Assessment each year. They use the data to produce value added scores and a ranking for each school. The first set of data is submitted when pupils join their senior school in Year 7. and when they join Year 12- xt these stsges the pupils complete a Cognitive Ability Test (respectively called MidYIS and ALIS) which provides a baseline of their natural ability in different areas. CEM uses this daLI to predict the likely GCSE and A Level outcome5 for each pupil. When the school submits the second set of data. the final IIGCSE and A Level grades of each pupil, the two sets of data of actual versus predicted grades are overlaid and the difference between the gives the value added score. For GCSE, our value added score in 2023 placed Walthamstow Hall comfortably within the top l 0% of the independent sector. and 2022 saw the best result we have ever achieved. ranked within the top 3Y.. For A Level, in 2023 we were ranked in the top 6% of independent and state sector schools. This is a fantastic achievement and is our best since 2015, discounting the pandemic year5 of 2020121 when exams were assessed drfferently. Value added scores are a fantastic indicator of the quality of a curriculum and the teaching which delivers it. Walthamstow Hall consistently achieves high value added scores. with pupils gaining grades higher than the grade5 predicted for them. Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (Continued) Grant Making Po]icy Governors have had regard to Charity Commission general and sub-sector guidance on Public Benefit. The Governors, policy, in line with that of other independent schools, is to make scholarship awards on the basis of the individual's educational abiliry and bursarie5 according to a financial assessment of parental financial situation. The means-tested bursary scheme is open to all applicants to the Senior School and is publicised in literature circulated to potential feeder schools in both the independent and maintained sectors, in the School prospectus, the School website, advertising flyers, the local press by means of advertisements and during open events. Subject to meeting the School's academic admission requirements. bursaries are 2greed, subject to available funding. where 2 pupil would not otherwise be able to take up a place at the School because of the financial situation of a p2rent or guardian, thus widening access to a Walthamstow Hall education. It is the child's suitability for the School that is the first consideration in granun8 5UPPOrt. The amount of the bursary award is not influenced by the level of academic ability of the child but by the extent of need. Each case is asse55ed on its own merits and award5 are made accordingly. subject to the School's ability to fund these within the context of what is viable according to the School's overall budgeL All awards are reviewed regularly. 'Founders Bursaries, offering up to 100% support across I l + 13+ and 16+ School entry are available. Former students (Associates) fund a Sixth Form Bursary up to 25Y. for those studying a science- based curriculum. Wherever possibl¢ the School also provides means-tested hardship bursaries for the families of existing pupils that have fallen on hard times. The School provides information on eligibiliry for funding and assistance from external trusts and grant-providing bodies. Since the School opened its doors to Ukrdinian refugees in the summer of 2022. the guests have thrived. Initially I I places were offered. over the period to Summer 2023, the number has reduced to five. with 211 but one returning to Ukraine,. the fifth having left education at 16. Places were initially offered until Summer 2023 but were subsequently extended to summer 2025 in line with their three-year visas. In 202212023 the value of means tested bursaries totalled £712k compared to £573k in 202112022. This represented 7% of our gross fees (compared to 5.1 % for 202112022) and provided assistance to 46 student5 (H students in 202112022) including nine Ukrainians pupi15 who received l 00% 5uppofL Notwithstanding the economic situation and effects of Covid. the number of hardship requests remained low during the reporting period. Scholarships In addition, the school awarded scholarships to 137 pupils {124 in 202112022). based on their educational merit and potential, totalling £335k down from £364k in 202112022 and representing 3.3°A of our gross fees. Of this number, 8 (1 O in 2021122) also qualified for means-tested bursary support and are included in the figures relating to bursary awards. The progre55 of pupils receiving scholarships is reviewed at least annually to ensure their progress and overall performance is in line with their abilities. No scholarships were withdrawn in the year as a result of reviews. 10 Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 REVIEW OF ACHIEVEMENfs AND PERFORMANCE FOR THE YEAR (Continued) Pupil Activities Over the course of the year pupils from the Junior 2nd Senior Schools raised over £11.5k (202112022: £9k) for a number of local, national and internation31 charities. These charities h2ve included., Children in Need. Jeans for Genes. Comic Relief. the six chosen House Charities. and the whole School Charity for this Year: The Malala Fund. Fundraising took the form of cake sales, non-uniform days, Christma5 rnovie night, Year 7 and 8 Games NighL Stsge and Screen, Carol singing at Sevenoaks Station and the Carol service, Wally Pop, Christmas Fair sta115, Year 7 Enterprise Day and many more pupil based acu"Yities. In additional to money donations, the Wally comrnunity has continued to donate items and time to much needed causes. The Giving Tree initiacive continued to be a big success with a large collection of items going out to support local charitie5. Harvest collection for Sevenoaks Larder and also a collection for The Hygiene Bank Rockdale care home is now one of the six selected House Charities and will continue to be so for a number of years. As part of this hand-written Christmas car& were delivered to all residents in December. Pupils and staff contsnue to volunteer their time in a variety of ways to contribute to the success of our charitable giving. Duke of Edinburgh and Sports Leaders Avlards also provide pupi15 With opportunitie5 for voluntary work. Duke of Edinburgh Walthamstow Hall students continue to actively participate in the Duke of Edinburgh Award Scheme, with a full programme of weekly DofE and expedition planning sessions. The scheme 15 run for Year 9 to Year 12 students involved at Bronze. Silver and Gold leve15. Over this period, we had 97 enrolled and actively participated in the award with 45 parricipanrs succe55fully achieved their awards within the minimum timescale. This includes 27 Bronze. 14 Silver and 4 Gold awards achieved. Completion rates. monitored over a 2-year rolling period have increased to 75%. The expedttion section is always the highlight of the award and all teams successfully passed the expedition programme again this year. Voluntary seryice forms an important part of the Scheme and students have spent over 1.000 hours volunteering for local charity's, supporting the elderly. the school library, Junior and Senior School with peer mentoring, volunteering at Church and supporting local food banks. Participants have also volunteered as youth coaches for external sports clubs. Volunteering activities 3150 included supporting and peer mentoring disabled young people and children with learning disabilitie5. The Duke of Edinburgh Centre at the School also started a volunteering club and started by raising over £600 Selling cakes for Children in Need The DofE Award Scheme blends and underpins all other extra circular activitie5 Wlthin the School and strongly encourage5 to stay active. enhances confidence. wellbeing and a positive mental attitude. Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 REVIEW OF ACHIEVEMENfs AND PERFORMANCE FOR THE YEAR (Continued) Sport Throughout 2022123 Wally has continued to provide a huge range of sporting opportunities for all pupils. The School h25 achieved success at County, Re8ional and National level in a range of Sports. including medals for the U14 Netball team at the National Finals! The Sports Leaders Award for Year 9 pupils has continued to be popular. and has enabled them to lead lessons 2nd Sports Days for local Primary Schools which is great for community links. The reintroduction of the Sports Awards evening in June 2023 was a huge success and it Was a great opportunity for everyone to celebrdte the dedication and talent seen throughout the year from our pupils. Sports Day was once again a great whole School event held at Tonbridge School with all pupi15 participating. Drama and Music In November 2022, the Senior School Drama department performed a major scale production of Coram Boy. Over the six performances more than 1.200 audience members came to see the show. In January 2023. Year 13 put on evening performances of Little Voice as part of their Drama A Level. Later in Februarylmirch. the 3 GCSE Dr2ma groups performed evening performances of their exam plays.. Memory of Wacer, Little Women and Run for your Wife. In March. the L6 Drama A Level group performed a devised piece of theatre to evening audiences. In May 2023 the three Year 10 Drama groups took their Children's Theatre based devised plays to St John's Primary School over the course of two days. In June 2023, the Lower School production of "Around the World in 80 Days" (composed by Miss Emily Leather) was performed across two evenings and finally, in July 2023. Year 7 Drama Club performed their devised piece to parents afterschool. Without a joint musical stage production. the music department had a relatively 'light' year. However. they still managed to support charity collections with over £ 1.000 raised at Wally Stage and Screen in the Spring. Friends, pupils and parents were entertained by a range of solo and ensemble performances. Wally Pop again saw a variety of solo and ensembles raise over £l.000 for the Whole School charity in the summer. Other Relationships Walthamstow Hall actively supports the atrainment of the highest standards in the Independent Schools sector, through ne￿OrkIng with other schools and being a member of GSA (Girls, Schools Association), IAPS (Independent Association of Prep Schools). AGBIS (Association of Governing Bodies of Independent Schools) and ISBA (Independent Schools. Bursars Association). The School also co-operates with a number of local maintained sector schools and charities in irs ongoing endeavours to share the School's facilities for sports, music and the arts and to widen public access to the educaiional facilities it provides. The School aims to optimise the educational use of its cultural and sporting facilities and to promote, in pupils, in the public interes( awareness of the social context of the all-round education they receive at Walthamstow Hall in order to develop pupi15' wider abilities to enable them to lead confiden( challenging and fulfilling adult lives. The School has formed 3 strong relationship with the Sevenoaks Chamber of Commerce and benefits from the connections in the cornmunity to internct with local businesses. Moreover, the School benefits frorn the support of a thriving network of former pupils and a dynamic and imaginative Friends and Parents Association whose close co-operation and financial support are greatly appreciated and gladly acknowledged. 12 Walthamstow Hall Annual Report and Account5 For the year ended 31 August 2023 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (Continued) ssociations Waltharnstow Hall is fonunate to have an excellent relationship wtth the Friends and P2rents Associ2tion. Its committee has arranged soci21 activities for girls xnd parents throughout the year and funds raised h2ve provided additional facilities across the School including a donation to the Greenpower electric vehicle racing team, provision of freezes for the Junior School libraries and trees for shading of outdoor seating. In total. some £14K (2021122: £12K) has been received. The School continues its links with former pupils through the renamed Walthamstow Hall Association Committee. Two very successful events were held across the year. The first in February saw a former Governor host a social event at the Headquaner5 Of Nomura Bank on the Thames. Over 50 Alumnae or Associotes 2ttended supported by l O members of Years 12 and 13. They heard from the Head of Graduate Recruiting at Nomura and made use of the facilities to network with fellow Associates. School staff and Nomura. The annual onsite reunion on the second Saturday in June. Y￿S attended by over 80 and included three headmistre55es. Use of Facilities The School also cooperates with many local organisations. maintsined schools and charities to optimise the educational use of School facilities and resources, and to promote. in our pupils, for the public benefi¢. awareness of the social context of the all_round education they receive ac Walthamstow Hall. The Ship Theatre and the two Assembly Halls along with other facilitie5 were all used by the SeVen0a￿ Summer Festival, the Sevenoaks Literary Festival and the Sevenoaks Three Arts Festival as well as regular use by the Seyenoaks Philharmonic Choral Sociery, the Sevenoaks Arts, Society, the Sevenoaks Music Club and a number of local dance, drama and music clubs. The Chariry continues to develop its communiry links and markets the facilities to both organisations and individuals. Local coaches teaching badminton, tennis. gymnastics. swimming. lacrosse and b311et have regular access to pitches. courts and halls, something that Walthamstow Hall has encouraged historically and continues to supporL Easter and Summer Holiday Clubs were successfully operated in 2022123 by the Senior School's longstanding external provider. Addition2lly. the School operdted its own Holiday Club at the Junior School providing a service for parents to extend care to 50 weeks a year. Two local State primary schools Used the pool each week for over 60 pupils during the Autumn and Spring term5. A further 890+ external swimmers make use of the pool on a weekly basis and 175 children per week underrake gymnastic training making use of the London Olympic gymnastic flooring in our Mulberry Sports Hall. Local schools and youth groups were provided with opportunities for drama. dance and music in the Ship theatre and dance facilities. Hildenborough Badminton club make use of the Sports, Hall seven days a week The School has a number of very successful England level badminton players. Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 REVIEW OF ACHIEVEMENfs AND PERFORMANCE FOR THE YEAR (Continued) Public Benefit Examples of Public Benefit include- Science- Science WeeK May 2023 2023 STEM Week 'Save Planet Earth. involved St Johns and Lady Boswell Primary Schools along with Walthamstow Hall Juniors attending the Wunderstruck Show, and completing a rotation of workshops in Physics. Chemistry and Biology. Science Workshops Juniors School pupils were joined by pupils from Lady Boswell and St Johns for several workshops and made bath bomb gifts, lip gloss. electronic Christmas cards, planred seeds. and had a go on our dynamo bike. Specialist Applications Eveningj November 2022 Waltham5tow Hall continues to reach out to local State secondary schools. inviting their student5 as well as ours to attend the Specialist Applicauons Evening held each Autumn Term. In 2021 we again held the event online, using MicrosoftTeams. which enabled students from Year 10 to Year 12 inclusive to attend as many sessions as they wanted. with txlks on Oxbridge, US Applications, Medicine, Higher Level Apprenticeships, Cre3tive Applications and Architecture. The technology all worked well and, in addition to the good numbers of students and parents who logged in to the live sessions, it was possible to record the sessions for the benefit of those who missed out for any reason. Our speakers were, as ever, experts in their field and the feedbxck from students and parents was very positive. Academic - SecondAn Students to State Schools Voli]nteering at St John's Primary Sevenoaks, ongoing W31th3mstow Hall has a long relationship with neighbouring Primary School St John's. Sixth Form Students have volunteered as Part of their weekly timetsble since 201 O. Post Covid. Year 9 Sports Leader5 have continued to assist and lead PE lessons 2nd St John's Sports, Day. This year, Year 10 pupils visited St John's Primary School to perform their devised GCSE pieces to Years 4. 5 and 6. 14 Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (Continued) Communi Rockdale Partnership? 2014 onwards Wa1th2mstow Hall ha5 a long-established link with local old people's care home Rockdale House. Since 2014, 2 highlight of the Summer term calendar each year is the organisation of the 'Rockdale Party,, an afternoon hosted at Walthamstow Hall by all Year 11 students every June. involving a tea, enterrainmen[ lots of chat and quiues. A small group of elderly residents attend the themed parties each year. The residents were treated to afternoon tea and music h05ted by Year I I pupils. The School also collaborates with Rockdale in a gardening project at the care home. Prior to the Rockd21e Partnership Walthamstow Hall had a partnership with the Peckham Trust which stretched back decades, to the 1980's and beyond. Other Other regular Communiry users include ballroom dancing ￿l¢e a weeK local dance and drama clubs. Otford Folk Dancers, Sevenoaks Philharmonic Choral Society, Sevenoaks Book Shop for Book signings, Sevenoaks Music Club, Sevenoaks Art Society, Sevenoaks NCT. Sevenoxk5 Welcomes Refugees. The Listening Room, a local Islamic School. Dartford Chinese School, Good News (Gideons), Cambridge Society of Kent and local residents associations. Drama - Share Theatre Hall It has been great to See use of the facilities increase since Covid restrictions were lifted. St John's Primary School use Walthamstow Hall's Ship Theatre each Autumn term for their Christmas Production and every Summer for their Summer Produttion. Stjohn's also have use of the theatre for rehearsals for these productions. Other organi5acions regularly make use of the Theatre 2nd Assembly Hall at least annually and include Sevenoaks Three Ans Festival. Sevenoaks Dance Festival, Time to Shine, Born to Perform, Helen O'Grady Drama Academy. The Housley School of Dance, Showtime. Steephill School. St Lawrence Primary School and four other drama clubs. Two clubs, the JPA Academy and Jane Hou51ey School of Dance make use of our facilities weekly. They both teach song, dance and acting to young children for over 9 hours at the weekend utilising spaces across the two site5. Music - Hostin Joint Musical Events Walthamstow Hall held a String Ensemble Day on Thursday 19 January 2023. Girls in Years 4 to 6 who play the violin. viola, cello or double bass at Grade I level or above were invited to attend. Invitations were sent to all local primary schools. as well as independent prep schools. The day included ensemble and sectional rehearsals. Coaching was given by Walthamstow Hall'5 own teaching staff. headed by our violin teacher Miss Hazel Ross. The day concluded with a short performance to parents. There was no fee for attending the day. Hosting the 3 Arts Festival, June 2023 The Sevenoaks Three Arts Festiyal. a competition which celebrates music. poetry and performance arts across all age groups in the local town runs for five days each June. The festival wa5 Staged in an extensive range of Walthamstow Hall buildings. including the Ship Theatre, Main A55embly Hall, Downton Music Suite and Classrooms. Walthamstow Hall pupi15 as515ted in refreshment provision throughout the two day festival to rdise funds for School charities. Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 REVIEW OF ACHIEVEMEiYfs AND PERFOR11￿NCE FOR THE YFAR (Continued) ort-sh re Swimmin 14 organi5ations and State schools use the Walthamstow Swimming Pool, in addition. two staff swimming coaches also provide private swimming lessons to rising stars. nisation Abracadabra Swim School Amand2 Swim School Endurance Coach Mark Horn Mar aret Cuttill Swimmers Momentum Pen uin Swim School Pool Schools Sevenoaks Swimmin Club Sevenoaks Triathlon Club Swim41t Swim Life Kent Tonbrid e Swimmin Club St ohr)'s Prim3 School I htham Prima School Ave e numbers er week 25 25 25 75 70 ios 120 220 32 50 18 66 30 30 rt-shares orts Fields and other S rts Facili A local tennis coach provided tennis coaching during the Easter and Summer holidays and at most weekends from April to December for junior tennis players. Two-day multi-sport camps were held with up to 30 girls at a time. making use of both the outdoor facilitie5 and the Sporrs Hall during most holiday periods. The Dance Studio was used for Yoga and dance by trio organisations with a Jitsu club hiring a space once a week across the year. Other - Members of staff ervin overnors or fulfillin other roles Lady Boswell's C.E Primary Sehool A Waltham5tow Hall Geography Teacher seryes as a Foundation Governor at Lady Boswells (C.E) Primary School. The Governor attends six full governing meetings each year and serves on committees for Curriculum and Learning and Admissions, both of which have a further three meetings per academic year. Her specific responsibilities include the role of Lead Safeguarding Governor. Online safety, ehaviour, the monitoring of the School Improvement Plan (SIP) strand A; Wellbeing and resilience. and is a Complaints panel member. These roles involve making school visits on a rolling basis 2nd submitting written reports to the Governing Body board. 16 Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (Continued) Pembury Primary School A Wa1th2mstow Hall Depury Head serve5 a5 a Co-opted Governor at Pembury Primary School. The Governor attends six full governing meetings e2ch year. She is che Governor responsible for Safeguarding and sits on the Finance Monitoring Committee. Fulfilling these roles involves making school visits on a rolling basis and submitting written reports to the Governing Body board. St George's Church of England Primary School, Wrotham The Director of Music is a Governor atst George'5 School where he is a member ofthe Improvemen( Inclusion and Curriculum Committee. and is the named Governor responsible for Pupil Premium. St John's Primary School A Waltharnstow Hall Governor, and former Deputy Head Teacher. is a Governor at Stjohn's Primary School. Responsibilities include being a member of the Quality of Education Committee. responsible for literacy throughout the curriculum and Chair of the Hexdteacher Pay and Performance Committee. Speldhurst Primary School A Walthamstow Hall Humanitie5 Teacher serves as a Foundation Governor and Vice Chair of Governors at Speldhurst Primary School. The Governor attends governing meetings each year and is a member of the Resources Committee. He 15 a150 an Early Years Governor and the Safeguarding Governor. Other-P r f r Co.Curricular Activiti Duke of Edinburgh Once again. Walthamstow Hall mini-buses were used free of charge to transport students from the Tonbridge Gold Charity to undertake their Duke of Edinburgh expeditions. 17 Walthamstow Hall Annual Report and Account5 For the year ended 31 August 2023 FINANCIAL REVIEW The Governing Body remains focused on strategic planning with sound financial strategy and control continuing to be exhibited. Over the period the School consolidated works on current buildings with no new major building projects undenaken. Projects at thejunior School site included the introduction of new electronic access doors and additional CCTV for improved security and a new heating control system along with the replacement of frasci3s. At the Senior School. the final conver5i0n of lighting to LED was completed with the Sports Hall converted and repairs to the squash court roof were completed. Two new boilers were fitted at the Pool and new cooking equipment fitted in the kitchen. Results for the Y&qr The year end result shows 3 loss for the year of £817K {202112022: loss of £168K)- Pupil number5 at the School have f211en both at the Junior and Senior Schools. Fees for 202212023 were increased by 4% across the School primarily due to the huge increase in utility costs and rhe rise in inflation to over l 0%. Longer term plans recognise the effects of the on-going economic outlook but still seek the achievement of sustainible surpluses, to maintain freely available reserves and to service existing and possible future financing commitments for further developments identified in the Str3te8ic Developfflent Plan. The School has commenced planning for potential fvture changes in VAT and Business rates. Reserves Policy The School needs reserves to ensure it can fulfil and complete the charitable obligations and commitments it enters into. The Chariry Commission defines free reserves as unrestritted funds available to spend on the general purposes of the School and therefore. excludes those designated for particular purposes 2nd those Iready utilised in purchasing tangible assets. The Governors believe that the level of reserves freely available for the School's general purpose should be Sufficient to accommodate the continuing needs of the School and to develop and maintain its buildings and facilities and equivalent to a term's expenditure or £3.4M. At the end of the financial year the level of consolidated free reserves was £6.5M (202112022: £4.5M) and the Governors. policy is to maintain them by means of annual operating surpluses and judicious management of investment assets. supplemented by general purpose appeals from time to time. Investment Policy and Objectives Article 5.20 of The Articles of Association allovés the deposit or investment of funds with all the powers of a beneficial owner, but to invest only after obtxining advice from a financial experr (as defined in Article 5.21) and having regard to the suitabiliry of investments and the need for diversification. The Governing Body's policy is to limit any investments to interest bearing bank deposirs and very low risk fixed interest securities, such as Gilts, with the aim of guarding against any significant drop in valve that would compromise the School's development plans while trying to obtain as high a return as possible. Thi5 has been achieved while ensurir)g that the funds are easily acce55ible to meet the School's operating expenses, when needed. Apart from the subsidiary undertaking mentioned in the Balance SheeL the School has no material investments and any short-term credit monies are placed in bank cash deposits. 18 Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 FINANCIAL REVIEW (Continued) Fundraising Perfornh￿ce The School did not actively seek donations for any specrfic projects and there were no major fundraising activities during the year. A total of £170.913 was raised. the majority of which came from Walthamstow Hall (Sevenoaks) Ltd with a further £15.145 donated for the enhancement of cricket. The Friends and Parents Association continued to raise and donate monies to enhance the lives of the pupils. The Old Girls continue to raise funds by providing £1,768 to provide a biennial Science Bursary. Recruitment and Training of Governors Trust Governors are appointed at a meeting of the Board of Governors to fill specific skill requirement5 and on the basis of their personal competence and specialist skills. Nominative Governors may be appointed by the School staff and by the parent body. In recent years, it has proved drfficult to appoint Nominative Governor5 to represent The Baptist Missionary Society. The Council for World Mission 2nd the United Reformed Church and those bodies have been unable to provide nominees. The Articles of Association were previously amended by the Governing Body to ameliorate this dtfficulty such that nominees were no longer required to represent the three organisations. bu( in keeping with the spirit and founding ethos of the School, the Governing Body is required to nominate up to three Nominative Governors who are of the Protestant Christian faith. with a preference for those who are members of the free churches. Recommendations may continue ro be sought from and made by the three organi5ations previously mentioned. All prospective Governors meet with the Chairman of Governors. the Headmistress and the Clerk to the Governors and also visit for a tour of the School. Prior to joining, all new Governor5 undergo an enhanced Disclosure 2nd Barring Service (DBS) check to confirm their suitabiliry for the role under the School's Safeguarding Policy. Upon joining. all new Governors are provided with a copy of the governing document along with a comprehensive new governor induction pack In addition, they are inducted into the working5 of the charity and School including board policy and procedures, through minutes of recent boards and committees and through meetings with the Chaimian, the Headmistress 2nd Bursarlclerk to the Governors. Emphas15 is placed on understanding the School's policies and procedures particularly relating to safeguarding, child procection and the Prevent Duties and ensuring their effectiveness in practice. Details of on-going trainir)g are advised by the School to Governors and include events organised by AGBIS. ISC and other educational andlor professional bodies. Governors are asked to report to the Governing Body on training undertaken and, where possible. to make copies of presentations available. Governors also attend regular INSET training at the School including the annual update on Safeguarding. Additional E-learning is provided through IHASCO, AGBIS and other providers. Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 STRUCTURE. GOVERNANCE AND MANAGEMENf (Continued) Organisational Management The Governors of Walthamstow Hall, as the directors of the Charity. are legally responsible for the overall management and control of both the Junior and Senior Schools and meet at least four times a year. The work of overseeing the implernentation of their policies is carried out by function21 committees. After functional review of the management of the School in 2020. the governance of the School now consists of the following Committees: Chairmen's Group, Premises. Finance. Staffing and Curriculum. Communications and Digital. Risk Compliance and Wellbeing and Associates. Each committee meets at least once a term, Premises will meet twice a term when a large building development is in hand and Finance will hold a second meeting in the term in which the audited annual report and accounts are presented to the Governing Body'5 Annual General Meetin& as well as a short 2dditional meeting close to the stari of the aucumn term. The Governors may also from time to time establish additional temporary committees to oversee specific areas or operations. The Chairnien's Group initiates policy. co-ordinates risk man2gement and addresses succession planning and appointments. The day to day running of the School is delegated to the Headmistress supported by her Senior Management Team. together with the Bursar. The Headmistress and the Bursar attend meetings of 211 the above ommittees and senior management staff attend certain of them. Other relevant staff members attend as required. The remuneration of key management personnel is recommended by the Pay Sub-committee to the full Finance Committee. with final approval being given by the Governing Body. The aim being to ensure that key personnel are provided with appropriate incentives to encourage enhanced performance and in. a fair and reasonable manner, rewarded for their individual contributions to the School'5 success. The appropriateness and relevance of the remuneration policy is reviewed annually including reference to comparisons with other independent schools to ensure thar Walthamstow Hall remains sensitive to the broader issues of pay and employment conditions elsewhere. Delrvery of the School's charitable vision and purpose is primarily dependent on our key management personnel and staff costs are the largest single element of the School's charitable expenditure. Group Structure and Relationship with Non-charitable Subsidiary The Charity is a company limited by guarnntee and is the sole corporate trustee of two trusts, Walthamstow Hall Chariry and St Hilary's TrusL that hold the property respectively of Walthamstow Hall and St Hilary's, the predecessor to the present Junior School site. It is also the sole corporate trustee of The Funds of the W21th2mstow Old Girls Association including the Fund known as the Fund of Help (the "Old Girls A5s0ciation'). a trust which hold5 property for the benefit of former pupils and former staff of the School. In addition. there 15 a wholly owned non-charitable subsidrdry. Walthamstow Hall {Sevenoaks) Limited, which was incorporated on 25 August 1998. The principal activity of this company is managing the use of W21th2mstow Hall's facilities by the wider communiry when they are not required by the School and making suitable charges to help defray the costs of running the facilities. 20 Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 PRINCIPAL RISKS AND UNCERTAINTIFS Affordability of fees continues ¢0 remains a principal risk with the potential for VAT in the future seen as a danger; the war in Ukraine continues to suggest further economic and poliucal uncertainty. Utiliry costs have remained high, although there has been some respite with reductions since previous highs, inflation touched over I IY. but again now appears to be falling. This alone has affected both the School, other busine55e5 and parents, abiliry to afford fees. There is no room for complacency. 2nd the School continues to strive to actively recruit pupils across both Schools. Whilst cognisant of pressures on families, the Governing Body considered 2 range of increases 2nd 2fter much deliberation concluded a 7Yo increase across all charges was fair when considered against inflaiion over l OY.. Health and Safety is always a significant area for risk management. Risks range from fire, floods, Cyber-atrack and personal risks,. ri5k5 associated with activities are minimised by planning and robust risk assessments. The Governing Body is responsible for the management of the risks faced by the School. Risk analysis IS undertaken by the Risk, Compliance and Wellbeing Committee and Chairmen's Group. Control of risks within their areas is delegated to the functional committees. Reviewing the Risk Register is a standing agenda item of all Governor meetings. Day to day operational risk management is delegated to the Senior Management Group.- the Bursar maintains the School's Risk Register. The Staff Health and Safety Committee 2re charged with identifying and a55e55ing risks, esrabli5hing controls and promulgating updates throughout the ye2r. A formal review of the School's risk management processes is undertaken on an annual basis, co- ordinated by the Risl Compliance and Wellbeing Committee. Generic contro15 used to minimise risk include: Safer Recruitment Procedures. triannual and ongoing Safeguarding training for all relevant staff. Vetting procedures including DBS checks for the protection of the vulnerable. Minimum of termly unannounced reviews of processes and procedures by the Safeguarding Governor. Maintenance of a detailed Risk Register. which is regularly reviewed and updated. Detailed terms of reference together wirh forrnal agendas for all Committee and Board meetings. Strategic development plannin& reviewed annually by the Chaimien's Group. Comprehensive budgeting and management accounting. Established organi5ational structures. Formal written policies with regular reviews. Insurance cover where applicable. The main risks arising from the group's financial policies are credit risl liquidtry risk and interest rate risk Credit risk The principal credit risk arises from fee debtors, regular monitoring of debtors and pursuit of unpaid fees and is conducted in accordance with the School's Fee Payments policy. Work has continued to reduce the previous level of outstanding debt and the School actively chases debtors through the School's solicitors. 21 Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 PRINCIPAL RISKS AND UNCERTAINIIES (Continued) Liquidity risk The School maintains prudent cash reserves to meet foreseeable need5 and to invest cash assets safely and profitably. The School has healthy cash balances and has been able to meet its working capital requirements throughout the period under review. Interest rate risk The School used bank loans as a means of financin8 its building projects. The current bank loan set at Bank of England base rate plus 1.59%; the School has a small second loan which is interest free. The Governin8 Body remains content with the arrangements made. The Governing Body regularly reVIev￿ the effecuveness of current plans and Stra￿sIeS for managing all identified major risks for the School. EnhanciDg Safeguarding with 3 focus on Safer RecruitmenL To ensure that all senior leaders and those middle leaders working in potentially higher risk areas e.g. sport drama, music have a good understanding of Safer RecruitmenL To ensure that Governors have 5ufFicient Safer Recruitment training to be confident in their own understanding and to interrogate Nominated Safeguarding Governor and Headmistre55 about the understanding of all leaders within the School. To r2ise whole staff 3v4areness of Safer Recruitmen( To increase the number of Level 3 trained staff and so enhance the DSL level understanding of staff involved in welfare response. Increasing Recruitment and Retention - To introduce more families to the idea of W21th2mstow Hall as the right choice from Nursery to the Sixth Form,. To foster strong relationships with a wide range of potential feeder schools- To recruit new pupils into transition points and non- traditional entry points- To retain pupils throughout their educational journey. Developing Professional Practice- To respond proponionately and constructively to any actions arising from ISI report recommendations. To initiate that phase-in of School IP for professional coaching and development of st2ff: to centralise the administration of the breadth of Senior School Co-curricular activities. Strategic Flanning - To develop the strategic plan for the Sch¢)ol to 2029 which develops our educational offer in line with both the ethos of the School and the needs of the children whose parents are drawn to that ethos so that every pupil can aspire. flourish and set the world alight as an individual,. To plan for different eventualiries with respect to demographic and political change. Junior.School To build on the succe55 of the Nursery expansion including the provision of wraparound care and out of term time provision- To build on parent perception of the warmth of thè Junior khool and their relationship with Senior School transition. To recruit new pupils. particularly into Years R to 4. To exercise financial prudence in stsffing. 22 Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 FUtURE PLANS (Continued) Governors- To ensure all Governor5 are trained. confident and knowledgeable in all new policies and procedures, in particular Safeguarding and Health and Safery issues; To recruit r¢ew Governors to supplement skills where required,- To generate surpluses to fijnd development plans and resource5 for teaching and learning,- To keep fee increases to a minimum consistent with maintaining academic excellence and the financial viability of the School. To raise the School's profile in the local community: To continue to promote new entran( means tested bursaries. 23 Walthamstow Hall Annual Report and Accounts For the year ended 31 August 2023 STATEMEwf OF AccouNfJNGAND REPORTING RESPONSIBILITIES The Governors (who are a150 trustees and directors of Walthamstow Hall for the purposes of charity and company law) are responsible for preparing the Governors, Report and the financial statements in accordance with applicable law and United Kingdom Accountin8 SLindard5 (United Kingdom Generally Accepted Accounting Practice)- Company law requires the Governors to prepare financial statements for each financial year. which give a true 2nd fair view of the state of affair5 of the Company and of the incoming resources and application of resources. including the income and expenditure, of the company for that period. In prep2ring these fin2ncial statements, the Governors are required to: select suitable accounting policie5 and then apply them consi5tenty' observe the methods and principles in the Charities SORP 2015- make judgements and escimates that are reasonable and prudenL state whether applicable UK Accounting Stsndards have been followed. subject to any material departures disclosed and explained in the financial 5tstements,' prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in operation. The Governors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of rhe Company and enable them to ensure that the financial statements comply with the Comp2nies Act 2006. They are also responsible for safeguarding the assets of the company and hence for tsking reasonable step5 for the prevention and detection of fraud and other irregularities. Disclosure of inforniation to auditors Insofar as the Governors are awar& there is no rele*dnr audit information of which the Company s audiwr is unaware: and the Governors have taken all steps that they ought co have raken to make themselves aware of any relevant audic information and to esoblish that the auditor is aware of that informarion. Approved by the Governing Body at its meeting on 15 March 2024 and signed on it5 behalf by: Mrs J B Adams Chairman 24 Walthamstow Hall Independent Auditor's Report For the year ended 31 August 2023 Independent auditor's report to the members of Walthamstow Hall Opirrion We have audiced the financial statements of W￿thaMstOw Hall (the 'chariuble parent company'} and its subsitjiaries (the group'} for the year ended 31 Augusr 2023 which comprise the Consolidated Scatement of Financial Activities. the Consolidated Summary of Income and Expenditure Accounts, the Consolidated and Charitable Company Balance Sheet. the Consolidated Cash Flow Statement and notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndirds. including Financial Reporting Standard 102 'The Financial Reporting SrAndard applicable in the UK and RePU￿1C of Ireland. (United Kingdom Generally Accepted Accounting Practice . In our opinion. the financial staremenrs- give a true and fair view of the state of the group's and of the charitable parent company'5 affair5 a5 ac 31 August 2023 and of the group'5 incoming resources and application of resources, for the year then ended,. have been properly prepared in accordance ¥*nth United Kingdom Genernlly Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opirrion We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Audiror's responsibilities for the audit of che financial statements section of our reporL We are inde￿ndent of the group in accordance wth the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard and the provisions available for small entiiies. in the circumstances set ouc in nore I to the financial statements. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropria Based on the work we have performed. we have not identified any material misststrments relating to events or conditions tha¢ individually or collectively. may cast signifirant doubt on the charirable company's ability to continue as a going concern for a period of at least twelve months from when the financial sratements are authorised for issue. Our responsibilities and the responwbilioes of the trustee5 with respett to going concern are described in the relevant secuons of this reporL 25 Waltham5tow Hall Independent Auditor'5 Report For the year ended 31 August 2023 Other information The other information comprises the infomution included in the Trustees. Annual Repo￿ other than the financial statements and our auditor s reFKJrt thereon. The trus￿e$ are responsible for the other information contained within the annual reporL Our opinion on the financial statements doe5 not cover the other information and, except to the ex*nd othetwise explicitly stated in our reprt. we do not express any form of assurance conclusion thereon. Our responsibility IS to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially mi55tated. If we identify such material incon5isTrncie5 or ap￿rent material misstatements. we are required to detemine whether this gives rise to a material rni$Sta￿Ment in the financial statements themselves. If. based on the work we have performed. we conclude that there is a rnater1￿ misststement of thi5 other information. we are required to report that facL We have nothing to report in this re￿rd. Opinions on other Inatters prescribed by the comp￿leS Act 2006 In our opinion. based on the work underraken in the course of the audiL the information given in the rrusiee5' reporL which includes the directors. reporc and strategic report prepared for the purposes of company law. for the fir7ancial year for which the financial 5taLements are prepared 15 consiscent with the financial stacemenrs- and the stracegic report and the directors. report included within the rrustee5 ￿POrt have been prepared in accordance with aPplica￿e legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the grotjp and the charitable parent company and its environment obtained in the course of the xudi( we have nor identified ma￿￿al misstscements in the strategic report or the directors. report included within the trustee5' ￿porl We have nothing to report in respert of the following matters in relation to which the Companies Att 2006 requires us to report to you if. in our opinion: adequate accounung records have not been kepi by the charitable parenr company. or returns adequate for our audit have not been received from brdnches not Visited by us. or the charitable Pa￿n£ company's finantial statemenrs are noc in ag￿ement with the accounting records and returns-, or cercain disc105ures of trustees. remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audiL Responsibilities of trustees As explained rnore fully in the crustees. responsibilityes statemenL the trustee5 (who a￿ also the directors of the charitable company for the purposes of company law) are responsible for the prepardtion of the financial statements and for being sat15fied that they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatemenE whether due 10 fraud or error. In preparing the financial statements. the truS￿e5 are responsible for assessing the group's and the charitable parent company's abiliry to continue as a going concern. disclosin& as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the chariuble parent company or to cease operations. or have no realiscic alternative but to do so. 26 Walthamstow Hall Independent Auditor'5 Report For the year ended 31 August 2023 Auditor's responsibilities for the audit of the financial statements Our objective5 are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemen( whether due to fraud or error. and to issue an auditor's report that includes our opinion. Rvdsonable assurance is a high level of assurance. but rs not a guarantee that an aLTrdi¢ condurted in accordance with ISAS (UK) will always detrct a material mi55tatemenr when it exist5. Mi5Stacemenrs can arise from fraud or error and are considered material if, indimdually or in the aggregatq they could reasonably be expected to influence the economic decisions of users (aken on the basi5 of these financial statements. Irregularities, including fraud. are insfances of non-compliance with Liws and ￿gUla￿On5. We d￿ign procedures in line with our responsibilities. outlined atK)¥e. co derecr ma￿rIal misstatements in respett of irregularities. including fraud. The specific procedures for this engagement and the extent co which these are capable of detecting irregularities. including fraud is detailed iEIow. Enquiry of management and those charged with governance around actual and potential licigation and claims as well as actual. suspetted and alleged fraud.. Reviewing minutes of meetings of those charged wtth governance: Assessing the extent of compliance Yiith Ihe laws and regulaiions considered to have x dirert material effett on the financial Sfatements or the operations of the cornpany through enquiry and inspection. Reviewing financial statement disclosures and testing to 5UPPOrting documentation to assess compliance with applicable laws and regulations- Performing audit work over the risk of management bias and override of contro15, including iesting of journal entries and other adjustments for appropriateness. evaluating the busines5 rationale of significant tran5acuon5 outside the normal course of ￿SInesS and wewing accounting estimate5 for indicator5 of potential bias. Because of the inherent limitations of an audi( Ihere is a risk that we V￿11 not detett irregularities. including those leading to a ma￿rIal misst2￿ment in the financial ststements or non-compliance with regulation. This risk increases the more that compliance ¥vith a law or regulaoon is ￿moVed from the evenrs and rransac¢ions reflected in the financial statements. as we will be less likely to become aware of ins￿nceS of non-compliance. The risk is also greater rwrding irregularities occurring due tr) fra[￿ rather than error, a5 fraud involves incentional concealmenL forgery. collusion. omission or m1srepr￿enraty0n. A further description of our responsibiliue5 is available on the Financial Reporting Council's website at: https.'Ilwww.frc.org.ukJOur-WorkJAuditlAudit-and-assurancelStandards-and-guidancelStandards-and-guidance-for- auditorslAudicor5-responsibilities-for-auditlDescription-of_auditors-responsibilities-for-audiLa5P This description forms part of our auditor's re￿ 27 Walthamstow Hall Independent Auditorfs Report For the year ended 31 August 2023 Use of our report This report 15 made solety to the charitable parent company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companie5 Act 2006. Our audit work has been undernaken so thai we might state to the charitable parent company's members those matters we are required to state to them in arh auditor's report and for no other purpose. To the fullest exteni permitted by law. we do not accept or assume responsibility to anyone other than the charitable parent company and the charitsble parent company's members as a body. for our audit work, for thi5 repor¢ or for the opinions we have fornied. John Howard FCA (Senior Statutory Auditor) For and on behalf ofAzets Audrt Services Statutory Auditor 2nd Floor. Regis House 45 King William Street London EC4R 9AN Date: 28 Walthamstow Hall Consoltdated Statement of Financial Activities (Income and Expenditure Account) For the year ended 31 August 2023 Unrestricted Funds Restrirttd Funds Endowed Funds Total Funds 2023 Total Funds 2022 Notes Income a•)d Endowments from: Charitable Activities School fees receivable Ancillary trading Other trading activities Non-ancillary trading income Other acDvities Investments Bank and other inferesi Voluntary sources Grdnts and donation5 9.508.927 908.456 (1207) 9.506.720 950.165 9,765,024 1.031,634 41.709 228.189 228,189 199,328 5.303 48,489 1.193 49,682 11.395 15.145 15.145 8,770 Total Incoming Resources 10.709.206 41902 120 10.749.901 11.021.454 Expenditure on: Raising funds Financing costs 87.618 87.618 33,619 Total deductible cost5 87.618 87.618 33,619 Charitable Activitiés Education and Grant-miking 11.408.013 40.783 30.498 11.479.294 Total txpÈnditure 1.495.631 40.783 30.498 11.566.912 11,189,802 Ntt incomingl(outgoing) funds from operations before transfers 1786.4251 1119 {32.7051 (817.011) {168.3481 Transfers be￿een hJnd5 Net movement in funds for the year {786.425) 1119 (32.705) (817.011) (168.348) Fund balances brought forward ac I September 2022 14.313.848 288.666 5.451 ie 20,054,694 20,223,042 Fund balances carried forward at 31 August 2023 13.527 423 290 785 5419475 19237683 20.054,694 29 Walthamstow Hall Consolidated Summary of Income and Expenditure Account For the year ended 31 August 2023 2023 Unrestricted and Restricted Funds Total 2022 Unresrricted and Restricred Funds To INCOME FROM: Charitable a {1,481} 6,172 40.783 1.193 42.902 Endowed - Permanent Consolidated Prize & Education Funds OG Goddard Legacy Diana Burn Rosen Legacy School Properry 7.692 49.027 7.692 49.027 13,358) 41.493 5,324,621 5,419.475 (2.207) 41.493 5.355.119 5.452.180 30,498 30,498 2.20 The sixth form redevelopment has been completed and 50 a transfer was made to release this designated fund into unrestricted general reserves in the ye￿. 43 Waltham5tow Hall Notes to the Consolidated Financial Statements For the year ended 31 August 2023 19. SUMMARY OF MOVEMENTS ON MAJOR FUNDS Ac I september 2021 At31 August. 2022 Incoming resources Resources expended Total return transfers Unrestricted funds Gener21 reserve Property reserve Scholarship & Burs￿ reserve Sixth form development reserve 4.665.085 6.323.439 937.527 1500.OCKJ 29.465 14.455.516 10.691353 (10.834.021) 4.523.417 6,323.439 937.527 2.500.000 OG 10,692.353 140,806 10.833.159 (10.834.021) 140.806 10.974.82 14,313,848 Trading company reserves 14.455,516 14313848 Restricted fund5 The Downton Fund The Tanner Fund The Badminton fund Head's Special Fund The Bursary Fund The Mulberry Fund Specified purpose5 Sundry special irnst funds FPWH OG 10.282 46,171 54.236 8.586 54.313 600 30.651 32,555 26.942 20,512 284.848 10.282 46.171 50.701 3.348 54.313 600 42.820 32,555 23.282 20.096 288.666 5,303 (5.238) (8.838) 184.148 (171.9791 {3,6601 4.498 184.4n 4.082 188.295 Endowed- Pernianent Con501i¢Jated Prize & Education Funds OG Goddard Lepty Diana Burn Rosen Legacy School Property 7.692 49.027 7,692 49,027 41.493 5.385.617 5.482,678 41.493 5 355,119 5452 180 30,498 30,498 Wajthamstow Hall Notes to the Consolidated Financial Statements For the year ended 31 August 2023 20. CAPITAL COMMITMENTS The School did no¢ have any caF¥tal commitmenrs as ac 31 August 2023. 21. RELATED PARTY TRANSACTIONS Fees payable by Governors, as parents of children it the Schcd to￿led £36.32312022-. £94.710} for the year. No fees were outstanding at the end of the year. None ol the Governors paid ￿uced fees as a result of their office. £1.149 {2022.. £1.290} was to Mccarthy Denning for legal atfvice. of which Jayne Adams. a Trustee is a partner. Inil was outstsnding at the year4nd12022= £nil}- Mr larne5 Froud is also a partner at Mccarthy Dennin& Governors. Trustees and Director5 are allowed to reclairn certain expenses incurred a5 a result of their office. 22. PENSION COSTS The School took the decision 10 leave rhe TPS in 2021 however, during consulrauons, agreed that the School would remain in TPS until 31 August 2022. All members of the TPS at the agreed and 5igfjed new iontyacc5 to rellecc this plan. All prewous members of the TPS were enrolled into a new Defined Concribuuon Scheme wirh Royal London," all new teaching staff have been automatically enrolled into thi5 scheme. The School pays in 16.48%, in lirie with the previous TPS level. staff are allowed to decide their own contribution level including not rniking any contributions. During the period che School has also offered those staff that wish* the opportunity to make use of Sthry Exchange for their pension concribuuons. The company also fflake5 Contributions to a separate pension scheme for quatifying non-teaching stsff. This 15 Wlth Peoples Pension. The pension cost charged in the financial sraremenrs tn the year was £120.778 {2022.. £91.750}- A¢ the end of Ihe year there were £19,192 outstanding con¢ributyons payable {2022.. £Nil)- 23. SUBSIDIARIES The School owns all of the issued share capiral of WalthamsEow Hall (Trading) knmired. a company incorporated in Engl￿d. Thi5 cornpany carries oui trading ac￿￿TIeS CHI behalf of the School. Walthamstow Hall (Tradin&) knmited had a DJrnover of £170,910 12021- £140.8071, gross profit of £170.910 12022: £140,807) and a profit before tax and 8ift of £170.910 in the year ended 31 Augusc 202312022- £140,807). 24. COMMITMENTS UNDER OPERATING LEASES At 31 August 2023 the totaj of the 5chool'5 future minimum lease payments under non-cancellable operating leak was-. 2023 2022 Within l year Within 2-5 year5 37,176 32,309 34,085 45 Walthamstow Hall Notes to the Consolidated Financial Statements For the year ended 31 August 2023 25. CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (PRIOR YEAR) Unrestricted Restricted Funds Funds Endowed Funds Total Fund5 2023 Totsl Funds 2022 Notes Income and Endowments from: Charitable Activities School fees receiyable Ancillary trading Other trading activities Non-ancillary trading income Other aecivit*s Investments Bank and other inieresc Voluntary sources Grants and donations 9.765.024 847.421 9.765,024 .031.634 9,075.618 801.900 184.213 199.328 5.303 199.328 5,303 154,824 655 7.313 4.082 11,395 2,869 8.770 8.770 71.629 Total Incoming Resources 10.833.159 188.295 11 021 454 10.107.495 Expenditure on: Raising funds Financing costs 33,619 33.619 46.965 Total deductible costs 33.619 33.619 46.965 Charitable Act•¥itie5 Education and Grant-making 10.941.208 184,4n 30.498 11 156.183 10.051.982 Total expenditure 10.974.827 184,477 30.498 11.189.802 10.098.947 Net incomingl(outgoin funds from operations before transfers {141.668) 3.818 (30.498) (168.348) 8.548 Transfers between funds Net movement in funds for the year 1141.6681 3.818 {30.498) (168.348) 8,548 Fund balances brought forward ar I September 2021 14.455.516 284.848 5.482.678 20,223,042 20,214,494 Fund b￿anCeS carried fonyard at 31 August 2022 14,313.848 288.666 5.452,180 20 054.694 20,223,042