2022-08-31-accounts

Company Reglslratlon No: 3596520 ST. CATHERINE'S SCHOOL, BRAMLEY (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022

ST. CATHERINE'S SCHOOL, BRAMLEY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Index Governors, Offws and Advisors Governors, Report - Structure. Aims and Govemance - Strategic Report - Statement of Govemors, Responslbilitses Independent Auditoff8 Report Slatemenl of Financlal Acllvitres Balance Sheet 2-13 13 1418 17 18 Statement of Cash Flows Notes to the Flnancial Statements 19-20 21-36

ST. CATHERINE'S SCHOOL, BRAMLEY GOVERNORS, OFFICERS AND ADVISORS FOR THE YEAR ENDED 31 AUGUST 2022 GOVERNORS The Govemors of Sl. Catherine's Sch￿1, and those who served durfng the year, and to the date of th8 signing of this report, except where othemse ststed, are.. Mr Matthew P Lowe MBE (Chairrnan) Mr Abert D R Alonzo Prof Finbarr E Cotter Mrs Karen B M Fa￿ell 1&5 Mrs Clare S Johnslone {apFN)inled Vice Chairman 1 April 2022) Mr John A P Blauth Mrs Penelope J H Crouch Mrs Susannah C Fltzsimons 2&4 3&4 1&3 Mrs Caroline R Good Dr Janet F M¢Gowan 1, 3 & 5 Mr$ Susan E Shipway 2&3 Mr Denis B Ulyet Miss Veronica M P¢)vey 18ppointed October 20221 Mrs Harriet J K Hounsell Mr Andrew J Pianca Mr Jonathan C M Tippett Bishop Jo Wells (appointed 1st September 2022) Mrs D Lynn Narraway (appointed 20th October 2022) 2&4 Notes 1. Academic Commlttee 2. Development Commlttee 3. Estale and Buildings Committee 4. Finance and Risk Committee 5. Pastoral and Well-being Committee Durlng the year the activities of Ihe Gov8mlng Body were carried out through five princlpal committees. The membership of these committee$ as at 31 August 2022 15 shown abov8 for each GoverrK)r. The Safeguarding Governor Is Mrs Clare S Johnstone, Dr Janet F McGowan deputised earlier in the year.. the Early Years Foundation Stage {EYFS> Govemor is Mr John A P Blauih.. Mrs Caroline R Good is Govemor reprtsentslive on the School ICT Development subr￿MMIttee and Mrs Penelo￿ J H Crouch and Mr John A P Blaulh are Governor representstives on the Bursary and Hardship Awards sub- Committee wllh Mrs Crouch being Chair. Mrs Susan E Shlpway Is Governor represenlatwe on the Health & Safety $ulFCommrttee. OFFICERS Headmlstress Prep School Headmistress Secretsry to the Goveming Body Mrs Ai¢e M Phlllips Miss Naoml J Barthdomew Mrs Dbane E Haeffele ADDRESS St. Catherlne's School Station Road Bramley Gulldford Surrey, GU5 ODF ADVISORS Bankers Ltoyds Bank plc 147 High Street Guildford Surrey, GU1 3AG Solicitor5 Farrer & Co LLP 66 Lincoln's Inn Fields London, WC2A 3LH Auditor Crowe U.K. LLP 55 Ludgale Hill London. EC4M 7JW Insurance Brokers Marsh Insurance Brokers Limited Capital House 1-5 Perrymount Road Haywards Heath West Sussex, RH16 3SY

ST. CATHERINE'S SCHOOL, BRAMLEY GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2022 The Governoryts of St. Catherine's School, Bramley present their annual Govemors, Report for the year erKl8d 31 August 2022. including the Directors, Report and Slr21eglc Report, together with the audited financial statements for the year. The Govemors, Reportand the financial statements have been p￿pared in acGordance wllh the Financial Reportlng Standard applicable In the UK and RepublK of Ireland (FRS102), th6 Companbes Act 2006 and the Stslement of Recommended Pra¢li¢e applicable to charities preparing their financial statements in accordance with FRS 102. STRUCTURE, AIMS AND GOVERNANCE REFERENCE AND ADMINISTRATIVE INFORMATION The School was founded in 1885 and 1$ registered with the Charity Commission undgr charity number 1070858 and a company limrted by guarantee and in¢orporaled under company number 3596520. The Govemors, executwe officers and advisors a￿ listed on page 1. OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES Charltable Objects The objects for which the School 15 establlshed are lo promote and provide for the advancement of educatK)n by providing, conducting, governing. carrying on and maintaining in the United Kingdom or elsewhere, a boarding or day school or schools for girls in which the teaching Shall be In accordance with the principles of the Church of EThJland. Publlc Ben•fft, Aims and Intend•d Impa¢t In meeling these obj'ects, St. Catherine's publi¢ benefit aim is to inspire puplls lo make the ￿K)st of their abilities by providing a happy and secure environment where aca(Jemic exCeller￿e is combined with the wijer development of the individual's personality. The School aims to develop pupils. skills of leadership. r9sponsibility and reliability. while encouraging respect and concern for others in the wider community and a desire to contrfbute personally and through St. Catherine's School in corporats activities. A girl ￿VIng St Catherine's shouhj be a Confident, independent thinker and leamer, secure in her own bellets, able to make sound moral judgments and Implement them wth compassion. She should be ready to seize opportunities to exF4ore the world. makg deCis￿n8 and lake risks, confident to embark on the unknown, equippe(I to rige lo any challenges lrfe may present. and with the resiliencg and strength of Gharacler to overcome adversty. The Governors are mlndful of the long-standing need lo provlde publk benefrt and of the requirements of the Charities Act 2011 and have had regard to Charity C(#mmission guldance on public benefit. In order to ensure that our publK benefit is available to Ihose who could not ot￿￿Se afford to attend at St Catherine's, the Govemors agreed lo provlde funds up to the maximum value of 5% of fee income lo fund bursaries. including extras for cases of greatest need. In recent years, a grea18r ft)GUS has bean aced on 11+ bursary places. wth the aim of supsy)rting the successful applicants thrwghout all 7 years of their senlor schooling, subject lo annual review. Bursaries are 8vallable for both day and boarding f8es as boarding can be particularfy helpful for giAs in need of educational or family stability- The Governors also continue lo consider case$ of hardship for current pupils lo enable them, wherever posslble, to finish the key stage of education that they are in at the time of the family experienclng hardship. Atl bursaries arg me8n$ tested and, almost invariably. include a home visit to ascertain real need. In deading on the allocation. the Bursary & Hardship Awards sut￿COMMIttee continues lo fccus on local gills who would benefft from an award. In most years, one or more Sixth Fomi HMC {The Headmasters.

ST. CATHERINE'S SCHOOL, BRAMLEY GOVERNORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 and Headmistresses, Conference) scholarfs) from Eastem Europe are accepted on a fvll bursary wRh extras. Invariably those students are supported for their iwfryear sixth fomi education. In addititin. during the year and in response to the escalating situatlon in Ukralne after the Russian Invasion, the School admltted 4 Ukrainian students on full BurSar￿S, 3 In the Senlor School and 1 in the Prep School who has Started to attend full-lime in September 2022. The School provided £1.215k12021: £1,273kl of assistance in bursaries, scholarshlps and other awards lo a total of 135 (2021- 150) pupils. The School ¢ontinue$ to develop Its exislir#J Ilnks wlth state schools in the Immediate locality, particular doser working partnerships wfth Bramley Infant School and Gosden House {a special needs sGhool almost adjacent to our slle)- Overseas, there are historlc Ilnks ￿th the Magnet Orphanage and School, Nairobl. Fdlowiro the lessening of COVID-19 limitations we h8ve sI￿Y welcA)med local first schools back to St Catherine's swimming pool to teach swimming on a weekly basis in term lime WIth￿t charge. Swimming coaching in these sessions is also provided free of charge. We eontlnue to encourage extemal students lo use the music facilities to facilitate university courses. A local ￿Mary school was able to join in with some scien￿ Wcfkshops and Jubilee celebrations. Free percus$h)n lessons were glven to a Ukralnl8n refugee with full equipment being loaned for thi8 in Summer 2022. We continue to [￿VIde Gosden House with the use of a minlbus on a weekw basls free of 811 costs. Senior Schwl girls painted a mural and cre8led a water featu￿ In Gosden House playground. Community Links All links for the whole of the pasl year ¢onb'nued to be curtailed due lo COVID-19 restrictions vthich is a great regret. Going forward, now all ￿$triCtionS are lrfted. we will again offer the use of our Auditorium and boarding fa¢ilitie$ to external causes. Our equipment and minibuses will be available for loan lo local events. Our car parking facilities remained accessible when needed and this year have suptM)rted several major even18 taking place in Holy Trinity Church, Bramley. Local charities were abl8 to use our facilities for a few events in¢ludlng Qulz Nlghls 8nd a Ball and Fund- ralslng Dinr¢er. The School continues to encourage links with the communlty and has carried out as many of rts regular activilies as posslble as the regtriclions were bein9 Itfted after the pandemic. Tho Senior School girls performed at a charitable con¢ert held in Shalford Church In June 2022 and gave rnncert at Cranlei9h Arts Centre in February 2022. Prep School girls were, once again, able to sing to residents at Blunden Court on two occasions in October 2021 and February 2022. We continued to teach a Microsoft Office Speci81istcoursefree of charge a￿1 three local residents passed in June 2022. Mu5i¢al equipment was loaned to Bramley & Blackheath Choral Society. We were once again able to print lh8 Newsletter for the Bramley History Soryety. In the Summer Term a5 restrictions eased, the school provided choir members to Holy Trinity c￿reh, Bramley to support worship. We have also supported the Church wlth pupils helping at church events and staff assisb'ng with parking and grounds work when requested, and through making donations. The culture of helping others continued where possible, Wfth staff helping pupils to support charitable ventures often

ST. CATHERINE'S SCHOOL, BRAMLEY GOVERNORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 promoted by the wpils themgeives through their own corKerns and interests. Many dnyerenl charities were. therefore. promoted and at every opportunty the pupil$ were ent))uraged to leam about the charty themselves. St Catherine's School co-operates wlth local and national Charl￿e$ to share cultural and 5Fllrting facllities and to wlden public access to the sch¢)oling provided so as to opllmi$e the educational use of rts facilitles and. in the public interest, to Improve the awarene$s of ils puplls of the social context of the all-rour education they recewe. The School also benefits from the nelwork of former pupils and current and former parents through the SL Catherine's AsSo￿atiOn. whose support is gratefully acknowledged. STRUCTURE. GOVERNANCE AND MANAGEMENT Govornlng Document The Charity is governed by Its and Articles of Association dated 10 July 1998. Governlng Body The School Is governed by Its GoverniThJ B¢)dy, delails of which are Ilsted on page 1. 11 is 8 self-apwlnting ix)dy, one third of whose members relire eath year. but are eligible for re-electlon. subject to mandatory retirement at Ihe AGM following Ihew 741h birthday. Governors who reach Ihe age of 74 mid-year will sometimes be requested to complete the academic yearfor continully. The Govomors a￿ selected based on eligibility. personal compelents, specialist skills and affinity to the School. New Govemors are inducted Into Ihe worklng of Ihe School. Including Board workings and procedures, through mentoring by existing Governors and an Induction programme organiyed by the Headmistresses and the Combined Senior Management Team members, which Includes thorough Safeguarding checks and Irainlng. Regular contact with the day-tt>day running of the School is maintained through the Chalrman of GoverrKvs' monthly meeting with the Headmistresses and the Chief Operatlng Officer, the routlne ¢onmittee meetings of the board and the main board meeting, and In ad¢Jilion, the half-yearty Govemors, Days where Governors are invlled to visit lessons, activities and attend training sessions on the Independent Schools Standards Regulations IISSRs}. In addition, the Governors are warmly invited to attené events such as concerts, drama productions and special ￿lebratOry days elc. Th8 Governors are aware of the Charity Governan(* Code updated in 2020 which Sets oul the principles and recommended practice for good govemance within the s￿•r. The Governors are satisfled that the Charity applies the principles of the Code within its current govemance arrangements. The Govemors, Poltcy Statement (its strategic plan) for 2016-2021. was due for revigw and thls was delayed by Covid 19, bul the Board has held a Strategy Day in 2022 and is planning into the future with optimlsm. The outcomes of the 201&21 policy were revlewed by the Board as usual in their June 2022 meeting and all largots have been mel or exceeded other than one addit￿n81 building project delayed by th8 impa¢t of the p8nd8mi¢ as outlined below. Organisation31 Manag•mw The St Catherine's School Governors, a8 Truslees of the Chartty and Directors of the Company, are legally responsible for the overall managementand control of St. Catherine's School and meetthree times a year. Th& work of implementlng their policies18 carried out by the various Cornmrttees noted on pag8 1, who meet ￿ or three limes a year In the weeks leading up to the meetings of the Governors. The principal Governors, Committees are as folknvs". - Chai Profeswr Finbarr Cottgr Mr Albert D R Alonzo Mr Denis B Ulyel Mr Jonathan C M Tippett Dr Janet F McGowan Academlc Development Estate and Buildings Finance and Risk Pastoral and Well-being

ST. CATHERINE'S SCHOOL, BRAMLEY GOVERNORS, REPORT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 The day-to4ay runniTrJ of the School is delegated to the Headmistress who Is supported by the Headmlstress of the Prepwalory School {Prep School), the Chief Operating Offlcer. and the Senior Management Teams in both Schools who together make up the key management personnel. The Headmistresses, the Chiefoperating Officer and relevant members ofthe Combined Senior Management Team attend the Govemors, Board meetings. Remuneration 1$ set by the Governing Body with the objective of provlding appropriate incenllves to encwrage perfomance and rewarding all staff contributions to the School's success. Nearly 811 staff are aprrf)inled lo a clear salary vale. vknich 13 updated #nd publlshed annually after the Governlng Bo agree any annual uplrft. The Charty has a wholty owned subsidiary, St. Catherine's Enterprises Limited, and this is used for the trading of the School Shop. Anniversary Halls Bar. Forum Café and Sports Club. The School sI￿p sells the new School unrform and related equipment. Any surpluses are grft aided for the benefit of the Schcd. STRATEGIC REPORT Obj•ctiv•s for tho Year This year the School has continued to maintain its ￿￿deMiC performan￿ and a hlgh standard of pastor ¢are which are annu81 objectives of the governiThJ body. The widening of avaiLgbility to a St Calherlne's education, a regular oblectNe, has been maintalned through bursary provision and the School a￿£y5 look8 for new ways lo encourage l(xal school chlklren lo use the facilities for educational purpose5, as outlined above. Readiness fcr routine inspection by relevant authorities Is an annu81 objective but the Independent SGhools Inspectorate (ISI) suspended inspections due to school closures, resuming again in April 2021. By way of reminder, in October 2019 the ISI undertook a Compliance InspectSon of the SctK>oI and SL Catherine's was found to be compliant with the Independent Schools Standard$ Regulations in all areas. The Govemors, ten-year development vision for the School - Create the Future - launched on Spe6rh Day, July 2017. continues as a fo(yJs for the community. Aftei the wmpletion of The 6. work on 'The Art & Makerspace" commenced in the Summèr Tem 2021 and concluded in August 2022. However. a new STEM and Library space'The CATaty5t', is on hold because of the impact of the pandgmiG and (#Jrrent finan¢lal pressures of inflation and the impact on energy Costs due to the war in Ukrain&. The School confirnied that. regardless of Its ongoing ambitious development plans. the focu¥ for expenditure should continue to be on keeping the fees increases as low as possible for fvture years. whilst maintalning the Governors. top strategic Priofities, whlch relate to the educatK)n provided by the School, recruitment and retention of first-rate teachers and prudent financial management. Prfncipal Activitles of Ih? Year The School provides day and boarding education for gids from the local area, a wlde catchment area in the United Kingdom and from overseas. This year the Senior School averaged 629 (2021.. 640) pupils of whom 14312021: 123) were boarders and the Preparatory School averaged 229 pupils (2021.. 2481. The total number of girls in the School In September 2022 wa8 843.

ST. CATHERINE'S SCHOOL, BRAMLEY GOVERNORS. REPORT (CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 REwew OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR 202112022 was sllll affected by the ongoing COVID-19 pandemic Ihough restrictions gradually eased throUgh￿t the year and th¢ requir8menl for routin6 lateral flow testing diminished and then ceased in Aprll 2022. Public examinations were tsken in person agaln for the fir51 time $in(e 2019 and il was pleasing to see exceptional outcomes al A Level and GCSE, reflecting the hard work and commitment of staff and puplls during the pandemic years. The iPad programme is now embedded throughout the School and is an unqualified succe8s. Pupils and teachers continue lo embrace new technology with enthusk%m and digital learning is a routine discussion poinl at Staff meetings in both areas of the School. Largely used as a resource initially instead of textbooks. Ihe staff continue to use iPads and Google Classrwm as a digital reposttory of resources for all dasses in Llll lo U6 as well as some wrltien wryk. As oudined above, during the year the work lo extend the John Palmer Arts Centre to create the new Art & Makerspace was undertaken and completed, moving all creat￿e arts subjects under Of￿ roof and providing an excellent new re80urc8 for these subjects.. Art, Ceramics, History of Art, Textiles, Design T￿hnOlOgY, Computer Aided Design, Phologr8phy aThJ Cullnary Arts. The most notable achievements despit8 th& ongoing the pandemlc are summ8ris8d below. Preparatory School A¢hlev•mènts Llll (Year 6) pupils 98ined senior school places at St. Catherine's, Cranleigh Prep, Prfofs Field. Farlington. Tormead and Guildford High Schc(sl (GHS). Girls were awarded an Academic Scholarshlp and three Instrumental Awards al St Catherine's and offered iwo Academic Scholarshlps and an English Exhibition at Prior's Field, 8 Music Exhibition at GHS and an Academic Sclbjlarship at CranIe￿h Prèp. In Music, all concerts are now livestreamed and recorded for the website. Some of the Whole School performance hlghlighl$ inclLtde the Carol Sefvlce. Harvest Festival and Sprlng Con￿rt. Solols18 performed in regular informal concerts ¢ulminaling in one special Prep Soloist Concert in March. Each y8ar group had a small performance ofiheir own: PPIII String Scheme Concert. Fl Wind Scheme Conce¢ Ull Tudor Masque. Llll Production. En$emble$ Ferformed al Gosden House, sha￿Ord village Hall. Reigate Music Festival and the Children's Trust Concert. As the group 'Skip a Beat,, four Llll girt5 pgrfomied al Tang18y Mantsr and al the Senior S¢Pw)ol Jazz and R¢xk concert. Girfs contributed conlenl for a series of Soundscape podcasts which include highlights from ea¢h term and are aVaila￿e on thè Schoof website. The Christmas edition was 8hared wlth local nursing homes. Glrfs took part in RAD and ISTD dar￿1 lessons in tap, modem and ballet. achieving Some outstanding results. The LAMDA department continues to expand. arKI the girls a￿ thrivSng in thelr LAMDA lessolls. We saw some 61 girls lake gxams in 2022 with fantastic results. Gtrls enjoyed learning new skills during Muslcal Theatre Club and Llll glrts made their own prop5 for their Llll productlon of The Lion King. The girls have had varying performance opwrtunits'es Ihls year and the Pre-Prep charmed and entertained us with Ihelr dancing in the Nativity. Glrls have also enjoyed performiThJ to parents in their infomial watching dasses throughout the year aThJ PPI lo Llll glrts particlpated in an exciting Chinese dance workshop. The Prep School celebrated the Queen's Platinum Jubilge tcoether with Bramley Church of EnglarKI Infant and Nursery School and Go8(J8n House School. Children from the thiee $choo15 enjoyed a stwl party-style picnic lunch and a costunk parade and came together to sing 'Legacy'. a song specialty written and comp)sed by the Prep Diredor of Music. Girls from PPI lo Llll contributed lo a new prayer book for the Prep S¢t¥Jol by writing Indtvidu81 prayers, with topics induding famrly and frlends, food, nature and people in and the community. In Athletics, gids qualified forth? National Prep Schools Athlelics finals, took part in Wesl Surrey Athletics. and were placed 2nd as a schocl in the District Athletics competltlon. Sports Day and frlendly athletics matches are enjoyed by all.

ST. CATHERINE'S SCHOOL. BRAMLEY GOVERNORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Cricket 15 a developing sport wllhin the School and gids are learning the fundamentsl skills whlle being introduGed to the gam8 through fixtures and coaGhing matches. Cross country continues to b& a ￿pular activity with girls competing In the Surrey S¢hools Cross Country and GHS events. Cross county dub is very w911 attended an(1 over 240 runners look part In the Autumn cross county evenis at st Catherine's, where thè U11 team finished third. In Gymnastics, the glrls have enjoyed much success and a¢hleved excellent results thi8 year. The House gymnastics competition was a highlight for many girls and much planning and preparation went into routlnes and choreography. Girls also competed in the IAPS and ISGA Gymnastlcs competitions wth 32 glrLs selected to represent Sl Catherine's at these p￿StigIouS events. The Ug and U11's medalled in their group floor routines. In Brathlon and Aquathlon, girls qualrfied for I￿0 Natlonal Fin815 and did exceptionally well. In the Modem Biathlon final. the U10 tgam came 3rd overall wlth tsvo girls finishing1n the top 10 nationally. Girls were placed 4th overall in the Schools Biathlon National Finals. narrowly ml8slng out on a medal placing. An indusive Aquathlon event for all girls in Fl to Llll was held, raising fvnd8 for DEC Ukralne fund. In Netbdl, teams have enjoyed great success In their mat¢h88 and have thrlved on the challenge of Competitive games. The U11A team competed in both IAPS and Surrey County Nelball. U11As won the bronze medal place at the regional IAPS competition and ml8sed the nationals by jusl on8 point. All age groups have had the opportunity to attend additional Iralnlng sessions throughout the ye¥ arxl play competitive matches against other schools. Swimming continues to be a popu18r sport with many g￿S attending swimming dub on a weekly basis. Th8 U10 and U11 swimmlng team qualif￿ for IAPS Nalionals as the second fa51e5t relay team and have also qualified in thelr Indlvidual events. The comblned U101U11 team also qualified for Ihe South East regiona15 in ESSA wllh one of the f8slest times natlonally and the girls should remain extremely proud of their achievements. A swimming Aqualhlon IIM)k ￿aCe in the summer term to raise money for Breast Cancer Support. Sports Day was a great success. with gids from Teresa House gaining the most points for Pr&Prep and Pankhurst House for Prep. Over £9.000 was raised in support of worthwhlle charities induding DEC Ukraine appeal, Salvation Army, Breast Cancer Now, St Peter and St Paul's Church, Gcéalming. The Samson Centre, IAWF, Make a Wish. Challengers, Book Aid Intemational. Slripey Stork$ and Surr8y Care Trust. Harvest Boxes were donated to the Salvation Army to help local homeless people and struggling familiey. Llll girfs I￿k part in an exryting project during the Sprfng temi to raise funds for their chosen charity, Challengers. Teams of glds researched, designed, made and marketed products which were sold at the Prep May fair, raisiThJ £350.09 for charity. Over this year, girls from the Eco Team had the opportunity to take part in promoting eco inltlatives such as a poster competition for reducing alr pollLrtlon around school. a promise to the planet for COP26 and the Great British Spring Clean. Girls also helped to renew our school Green Flag Eco Status as part of the Eco Schools Programme. Gids enjoyed b8coming engaged in environmental issues. whelher members of the Eco Tetam, or in(iNlduals with a passion for tsking care of the planet. This is evident in the actions of pupils took it upon themsefves to bulld awareness around f￿￿ waste and bkKliversr within school and the local community. The Lower111 production of The Lion King took place in Juty and many St. Catherine's parents and guests enjoyed the perfomiances in the Anniversary Halls. Llll girfs participated In a drumming worksW as part of Iheir preparab'ons for the production, and also enjoyed Evacuee Day with a guest speaker talking about hw grandmother who had been a secret 4ent In France durfng WW2. During Science Week, the Sclence monitors asslsled wrth a range of acllvltles including competitions, a Science knowledge qulz and acrostic poems. PPIII gids vtsiled the Wonder Lab for the f￿st lime and guidp•J by the Llll monltors. completed rnag￿ experlments using glitter. Pre-Prep girls. together with pupils from Bramley Infant School. enjoyed taklng part In the Science show 'Bubbles and Balloons. Fl to Llll

ST. CATHERINE'S SCHOOL, BRAMLEY GOVERNORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 girls and pupils from Tlllingboume School enjoy&J the show 'Do you want to be a Superhero S¢ienlisfJ' th Davld Afien and Alex Sinclalr and a visit from @sclencemadesimple. Three Sixth Form girls spoke lo the Prep Schcd about their 'A' level s¢ience choices and ongoing career aspiration$ in STEM during an inspiring assembly. Girls enjoyed several excellent presentations and talks arKI pre8enlalions from inspiring speakers during the year. PPII and PPIII enjoyed an online author talk with conservalionigt ané author Sarah Roberts. To coincid8 with Wodd Environment Day, World Oceans Day and Wortd RaInfo￿$t'S Day, Sarah gave a passional8 and in8plrlng talk about caring for our planet and the love of readlng. Chitra Soundar is an international author and has publlshed over 60 ¢hildren's stories. Her storytelling, inspired by folklales from India, Hlndv mythology and her travels around the world, had the girts mesmerised. Chess dub and chess m8Sterdass continue to be popular with Prep girls taking part in sever81 tournaments including the IAPS chess lournamenl al Twickenham Prep, ably guidgd by Mr Martln. our choss master. Ull girls particlpaled in a mock wodding in the ￿h0o1 chapel followtrj by a reception in the Cottag6 Garden. Fl and Lll girls took part in a French café with Lll girls serving as waitresses to Fl girls and all girts able to Lrtlllse their French in an interactive way. Ull also participated in a Tudor Showcase whi they performed to their parents. This cross-curr￿u1ar activfty consolidated their leaming in Hi810ry, English. Musrc armj Drama. Prep Schwl girts went on a variety of trips induding day trips lo S￿￿eY Hllls Forest School at Birt18y Hou$e, Aice Holt Forest, Sayers Croft. Chichester Harbour. Legoland and Butser Farm, Hampton Court. Gulldford anii Liquid Leisure. Residential trips induded a Iwo-day s&er￿e/EnVlr0nMental trip lo Holmbury Sl Mary, a three4ay History-based trip lo Dorsel and trips lo France and the Isle of Wight. Girls from PPI to Ull were pleased to invite their parents lo come Into school to view IhelT work during adapted @Home sessions. Grandparents also enjoyed the opportunity lo visit thoir granddaughters, classrooms and view theii work in the Summer Term. Senior School Achlévements In the Senior School, results at GCSE were.. 46% al grade 9, 71% at grad88 9- 8 and 91 % gr8d95 9 to 7. In thg A Level examinations 78% were al grade A.. A194% at grades A'_ B). 67 gids gained a place at university this year, including 4 at Oxbridge. wlth a further 11 girls going the post44ualification route. 7 are laknng up places overseas induding USA Ivy League colleges, University of Peking, Universlty of Belgium and Unlversily of Leipzig. . The Musrc Departmem has been dellghted to return to alrnost its usual full musical provision during 2021- 22, complete with tho customary larg&scale celebrations of music in the St Catherine's Day Gala Concert, Jazz and Rock Conc*rt, and the Middle Schod and Senior Summer Concerts. Cantores returned lo sing Choral Evensong In Winchester Cathedral in person. the plt orchestra relumed for our whole sohool production of OINerl as well as the L6 production of High School Mu&c81, and we enjoyed concerto performances from a numb8r of our senlor Music Scholars past and present. 12 girfs attalned their Grade 8 and 4 gained their Diploma. CompetitNe sport ￿tUrned V￿th the 111 Lacrosse team belng plac8d 3rd in the Nationals. U19 Surrey County Champions. South Easl Schools Champions and Challenge Cup Champions. The 2r￿ Lacrosse and U13 teams were (xowned National Champions and Surrey Cour)ty Champions along with the U15A, U14 and U13 la¢rosse tearns. The U15 Netball team were crowned SurTey County Champions and won the SSMC Netball Cup. Many girls also gained individual honours in a variety of sports. IVS been a year pa¢ked with creatNity in the Art, Textiles and DT Departments. Ceramtcs are now back th the kilns runnSng full tima. The summer exhibrtions of GCSE and A level work fftsumed and Art and Texldes moved into the additional space In the new Art & MakerSp&e twJlldlNJ this Autumn.

ST. CATHERINE'S SCHOOL, BRAMLEY GOVERNORS, REPORT (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2022 The School's own Culinary Arts Course has now completed its first year and 18 rKJw based in the new Art & mak￿Space burfdlng. The senior Chess squad retumed lo face-to-face training weekly with Mr Martin, our Chess master. Furthermore, the team had the chance lo play in a couple of friendly malches whlle advanclng to the second round of the Surrey League. We hosted the National Chess semi finals on 9th October. Live DebatirwJ has returned with compelitions als0 taking place on Zoom. We won the regional rounds of the Cranmer Awards and the Rotary Youth Debates Competition whith we were delighted to host. We also won the ESU Winston Churchill Public Speaktng medal with one girl beiro Best Speaker on the day. There have been numerous charity events undertaken by the six School fvwses plus 4 mufti days. The Sixth Fomi Charitie6 Board had tsvo separate Christmas events.. The Lower 6 paty, 'A Not So Silgnt Night, and the Upper 6 party raisin9 funds for the sixth fomi leavers, fund. These •v¢nts were followed in March by the annual aThJ highly successful Talent and Fashion show. This year the Drama Department were able lo stage a whole srttt*l production of Oliv8r. All the studgnts rose to the challenge the result was a joytul parade of mu$i¢al, acting and technical talent. The Drama GCSE and A-level Students produced wor)derful performances a$ part of their practical examinations. A- level groups performed duologue$ from the plays Agnes olGod by John Pielmeier, Things I know to be Trug by Andrew Bovell, and Steven Berkoffs Melamorphosis, while the GCSE students p8rfomied monologues from a wide range of Challenging texts, induding Duncan Macmillan's People, Places and Things and Dennis Kelly's DNA. Siuderrts entered the United Kingdom Mathematical Chall8nge, achieving overall 24 Gold ¢ertift4te$, with 27 students qualfying for higher rounds. In the UK Mathematical Olympiad one girl gained Dislinclion and in the Junior UKMT 25th Anniversary Challenge one girl was awarded 'Best in School,. A Sixth Fomi team of U6 and L6 Further MathematKians entered the Ritangle Maths ¢ompetilion over a period of 15 week5, once again coming in Ihe top 40 oul of 200 s¢hool$ who entered. This ha$ twi a good year for D of E wlth most of the acllvllles slowty retuming to normal. There are girts in every year group from U4 to U6 taklng part in a range of skills. physical activities and volunteering as w41 as the expedllons. The D of E expedition programme fcff 2021122 has run as normal, wth groups camplng. bunk-barnlng and youth hoslelling in the Surrey HilL8. The South Downs, Dartmoor, Wales and The Peak District. 36 glrls completed their Gold expedition in the Brecon Beacons this summer and 34 girls from the last few years were finally able to attend Buckingham Palace lo Collect their Gold Awards. Voluntsors The School is indebted to the Parents. Asscciations and many volunteers in both Schools, whose valuable Supp￿ is gratefully acknow￿ged. It is especially gratefvl lo the many retired members of staff who return to work in 8 volunleer capacity. the Prep School parents who assist in the library, parents of the casts of our playslmusicals who help with the dramatic producttons and members of Ihe local community who are involved with the School. This year there have been 32 volunteers $upportlng the school, gNing in th8 region of 3,168 hours of their valuable lime. FINANCIAL REVIEW AND RESULTS FOR THE YEAR The net Income for the year was £273k12021'. £855k). This differer￿e betsveen the net In￿Me this year and last is in part due to the strategy of bringing forward expenditure on several projeds that were previousty scheduled for 2022-23. To S￿re the longer-lemi future of thè School and as part of the Governors. development vision entitled 'Create the Fuiure. which was launched in 2017, The 'Art & Makerspxe. extension lo the John Palmer Arts Building was constructed from Summer 2021 to August 2022 and opened in September 2022. Plannlng pemilsslon granted for'The CATatysf ScienCe￿eChnO1ogYlL1brary building project wa5

ST. CATHERINE'S SCHOOL. BRAMLEY GOVERNORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 nfirmed. though the final build has been delayed by Ihe pandemlc and curr8nt global finan¢lal uncertainties. Re8er¥o8 Policy Total funds of £33,913k12021.. £33.640k) consist of a p&rmangnl endowment of £6,953k {2021.. £7.053k) an expendable enéowm8nt of £188k {2021- £188k). oslricted fund$ of £784k (2021.. £1,031k) and un￿striCted funds of £25,988k12021: £25,368k). Th8r8 are no free reseryes as the unreslricled fvnds are Invested in land and buildings. The School's financial viability is secured by strwing to achieve regular annual surpluses through careful aTrJ prudent financial management, and further secured by the substantial property portfollo outside the main school sries that is primarily used for staff accommodation. Funding of capllal projects and necessary day to day working capitsl is mel by careful management of the School's liquid resources, togelher ¥￿th fees paid under the Fees in Advance schem8 and an overdraft faalty from the School's bankers and long temi loans as and whgn requiied. The intentlon of the Govemor5 is to use the Schcol's annual operating surplu8 towarijs continuing to improve the current faciltties, investing in them for our long-term fubjre. It is therefore unlikely, in the medium term, that there will be fre8 reserves. Going Concgrn The Governors are conscious of the general economlc p￿t￿re and market uncertainty and continue to a¢1 tvudently. However. the most important effect on our financlal position is pupil numbers and lo date the School has seen an improvement of the forecast numbers aThJ no signrficant change In the numb8r of applications. St. Catherine's is well placed to maintain pupil numbers and to contlnue at the Current level of ￿tivitywIth registrations for both Prep and Senior School8 remaining strong. The Govemors. planning process manages the business risk and Indudes finanoal prolections for up to 15 years and has taken into consideration the current eGoncmlc climate and its potentlal impact on income and plan￿d expenditure. The risk assessment and financlal projections are regularty ￿vieWed in the Itgm of en&rgy costs. governmgnl interventions arKI other exlemal economic factors. Additional Governing body meetings are held in response to the changing exlemal fa¢tors as evidenc4d m051 recently in a full Goveming Body meeting held to review a potential large capltal spend. The Govemors have a justffied expectation that our bank borrwng facilities provide an adequate safety net should it be required. The financial statements have therefore been prepared on the basis that th8 charfty wntinues lo be a goSng concern. The Th)te on going concern on page 21, wilhln th& Accounting Pollcles. provides fijrther Snfomiatlon supwiirKJ this condusion. Rlsk Manag•ment The Governors are collectlvely ￿sponSible for the management of rlsks faced by the School. Detailed considerations are delegated lo the appropriate Commlttees and the Comblned Senior Management Team. A review of the School's risk management processes is carried out regularly. The key Gontrols used by the School include: formal agendas for all Board and Commlttee meetings.. temis of reference for all Committees.. Strategic planning, budgeting and managemgnl ac¢wnllng,' organisalional stnjcture and Ilnes of roportiThJ,' clear aulhorisalion and approval levels., vetting procedures required by law for the rffotection of vulnerable children arKI adults. 10

ST. CATHERINE'S SCHOOL, BRAMLEY GOVERNORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Principal Rlsks and UnGertainti•s The key rtsks are the ablllty lo malnlaln the numbers on rdl. to retaln key staff, manage the pressures on costs and antlclpale and respond lo a changing polllical and economlc envlronmenl. Both pupll numbers and slrategi8s and events which furth8r advertise the School are reviewed in monthty marketing meetings. To mitigate the risk of losing key staff the Headmislre5ses have intemal systems, includlng Staff Review, whlch allow the conduit of Ideas for developm&tt of individuals. The Governors ￿ntinUe to tKJh￿Y monitor the financkql position of the School through regular reporting and review through the Finance and Risk Committee. The Governors are satisfied that the major rlsks that have be8n Idenlrfied are adequately managed. The Govemors recognise that systems can provlde onty reasonable, but not absolute, assurance that malor rlsks have been adeouately managed. Fundralslng Perfo￿anCe and AGtlvltleg The St Catherlne's communty ha$ generously donated £338k12021: £196k) for 8p8cKlc cause8. st Calherine's School doeg not use any o)mmercSal partiCiP8tors In its fundraising activkies. All fundraising activities for St Catherine's School are carried out by School staff. parent5 and pupils. These actNitles are man8ged by the Director of Development and are monitored through the Development Committee, wllh overall oversight by the members of the Governing Body. The School has In place a Statement of Ethlcal Fundrablng and a Gfft Acceptsnce Policy avallable on request to any community member. The Statement of Elhlcal Fundralslng outlines the procedures that would be followed In the event of a complaint belng re￿Ived. If a complalnt is not res0￿ed to the satlsfactlon of the donor in liaison with the Development Diredor, the complaint wll be escalated for resolutlon by the Chair of the Development Committee and Headmislres3. The Chair of the Development Committee and Headmistress will be informed about all complaints. No comptaints relating to fundraising actNities have teen received by Sl Catherine's SchcLIl during the current or previous financial year. The is an organisational member of the Chartered Institute of Fundraising and has reglslered wth the Fundraising Regulator and complies wtth the Ccxje of Fundralsing praC￿ce as publlshed by the Regulator. The School publishes and abides by the Regulatorfs Fundraising Promise.11 is also a member of the Council for Advancement and Support of Educallon (CASE). In all fundrafjsing aGlivf(les th8 Schwl refers lo put￿lshed best price. The hool has processes and controls to ensur8 that vulnerable adults are protected in regard lo Association and Development aGtivities and ha5 published a paFer outlining these which is wblicly available on the website. The School seeks to avold any unreasonable intruslon ¢)n a person's privacy from fvndraising acuvities and its practlces In Ihls regard are outlined In the School Confldentlallty and Prfvacy Pollcy. FUTURE PLANS 2022 - 2023 The School's key obJ"ective8 are to: ertsure that there has been no long-tem detr1￿￿tt to pupils, leaming caused by lost learning during the COV￿ parKlemic' malntsln low pupillieacher ratios. which we belleve give girls the necessary attention to enable them lo develop their academ￿ skills to full poterrtial; 11

ST. CATHERINE'S SCHOOL, BRAMLEY GOVERNORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 appolnt and relain the best teachers as specialists al all leve15, aiming to broaden the dlverslty of the staff body wherev6T tM)ssible wtthin these ￿ltOn?,. ensure that pupll and staff wellbeing Is a wority,. opkn'mise the numbers on the SchcJ roll,. continue lo promote the School as a top academic boaidirKJ school to natlonal and Internal￿nal students, particularly celebrating the exGgllent facilities for all ag￿roupS, uJlminating in The 6 t)ardinglsocial space for Sixth Form students opened in 2021. maintain the high stsndards of academic achievement demonstrated by 11+ ￿jIComa8 and recent years. public •xaminalion results an¢J excellent universtiy plxes gained: continue to monitor last yearfs move to a Sixth Form curriculum of 3 A Levels from the outset and a subsldlary subject chosen from a list of either alternatlve GCSE or equivalent qualrficaiions or actwities undertaken for pleasure and respite from A Level study.. widen access to the School through the continual promotion of bursaries (hèlp wrth fees) to include entrants supsy)rted on means tested bursaries of up to 100% of fees for appropriate appllcants al 7+,11 + and at 16+,. fo¢u$ with Sensitivity on continulng lo raise Equality, Diversity and Incluswlty as matters for discussion and grealer understaThJlng through a Cross<￿rrICUlar and pupilneacher worklng group", corrtinue to develop 2nd celebrate our work as a leading Schod In Dlgltal Learning through the gradual Introduction of the OneNole application. and pursue the ￿ViSed strategy to provide iPads lo students in Years 5 and 7 whl¢h are managed by the school and dedl&qted solety lo academic study; contlnue lo encourage links with the loe41 communrty gsp8cially the local state schoo15 with whom we have longstanding links vrith a particular view to rekir￿lIng these post Covid.. continue lo seek ways to share best professlonal pracli¢e be￿een local Schools and ￿thIn professional associations {GSA L4PS. BSA, ISBAI and lo develop our engagement wlth the International Coalition of Girf5' Schools- ICGS- of whlch we are new members. continue plannlng for'The GATalysf when the financial climate i8 right for the Investment- furtherthe workof the Sixth Fomi Charty and Philanthropy Boards, whrch raise funds and provFde practlcal support to our partner schools in various locations and other internatior￿1 or l¢Kal dwltles as selected by the girls., continue to engage with senijr students over the issues raised by the Everyone's Invited campaign enabling open disGussion on these matters supported by experie￿￿ pastcfal staff and the resident psy¢hologi$ls,' continue with good leaching of the mandalory Relationships and Sex Educatlon programme, realing an environment in which the ¢onfKlence and awareness of pupils can grow through Irealing every gwl as an individual: continue to prw)rltlse bulld back lettings of our facilities which were affected by the pandemic imp*- whlch support the learnlng and perfomiance of music and drama beyond our own pupils. 12

ST. CATHERINE'S SCHOOL, BRAPJJLEY GOVERNORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 STATEMENT OF GOVERNORS, RESPONSIBILJTIES The Governors (who are also directors of Sl. Catherine's Schc)I, Bramley for the purpose$ of company law) are responsible for preparing the Govemors, Report and the financial ststements in accordance with applicable law and Financial Reporting Standard applicable in the UK arKI Republic of Ireland FRS102. Company law requires the Governors lo FKepare TInar￿la[ statements for each financial year. Under company law, the Governors must not approve the financial statements unless they are satisfied that they givè a true and fair view of the stsle of affairs of the charitable company and of Ihe incoming resources and application of resources, including the income and expendÉture, of the charitable company for that perithj. In preparing the59 financial ststemenls, the Goverrws are required tr): Select suitable ac¢ounling policw and then apply them consis1en￿Y,. observe the methods and principles in the Charity's SORP. make judgments and estimates that are reasOnal￿e and kvudenl: • stale whether applicable UK accounting standards have b8en foll0v￿d. subject to any material departures di8c108ed and expl8lned In the flnanclal 8tatsments, and p￿pare the financial statements on the going concem basis unless il is inappropriate to presume that the charitable Company wll continue in business. The Govemors are responsi1￿e for keeping adequate a¢￿Unting records that are sufficient to show and explain the Charitab￿ company's transactions, disclose wth reasonable accuracy at any tim8 the financral position of the charitable company and enable them to ensure that the fInar￿al statemen15 comply vilh the Companies Act 2006 and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularit￿S. The Governors are responsible for the maintenanc8 and integrity of the corwrate and financial information in¢lud8d on the charTtab18 company's website. Legislation in the United Kingdom goveming the prewation and dtssgmination of financial statemgDts may differ from legislation in other jurisdictions. The foll¢)wing statements have been affirmed by each of the Governors of the ¢harilable company: so far as each Govemor Is aware. there is rKs relevant audit Informatlon (that is. Infomiatlon needed by the company's audf(or8 in connection with preparirwJ their reFQrt} of which the comp8ny'8 auditors are unaware, and eath Governor has taken all the steps that helshe ought to have taken as a Governor in order to make himselflherself aware of any relevant audit infomiation and to establish that the company's auditors are awdre of that Infomialk)n. This Annual Report. wep8red under the CharitÈs Act 2011 and the Companies Act 2006, was approved by the Board of Govemors of St. Catherine's School, Bramley on 3rd December 2022, including in their Cap￿rtY as company directors approving the Strategic Report contained therein, and is signed as aulhorised on its behaff by.. M P Lowe- Chairman 13

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST. CATHERINE'S SCHOOL. BRAMLEY Oplnlon We have audited the financial statements of Sl Catherine'5 School. Bramley I'the charitsble company.) for the year ended 31 August 2022 whiGh comprise Ihe Slatemenl of Financial Activities, B￿ar￿e Sheet. Ststement of Cash Flows aTrJ notes to Ihe financial slatemenls, I￿uding signrficanl accounting policies. The financlal reporting framework that has been applied in their preparation is applicable law and United Klngdom Accounllng Stsndar(Is. Induding Financial Reporting Standard 102 The Financkgl Rep￿tIng Standard appllcable In the UK and Republ￿ of Ireland {United Kingdom Generally AGcepled knounting Practicl. In our opinion th8 financial statements.. give a true and fair view of the stale of the ¢haritabl8 company's affairs as at 31 August 2022 and of income and expendlttjre, for the year then ende(l. have been properly ￿epar￿ In acLordance ￿th United Kingdom Generally Accepted Acxounting prac￿Ce. and have been prepared in accordance with the requirements of th9 Compani95 Art 2006. Basis for opinion We ¢onduGled our audit in accordance vthh Inlemational Standards on Aud5tlng {UKI {ISAs {UK)) and applicable law. Our responsibilities under those standards are fvrther described in the Auditor's responsibilities for the audit of the financial statements section of our re￿l. We are Independent of the Charitable ¢ompany in accordance wilh the ethical requirements that are relevant to our audit of the rinancial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical respcnsibililies in acordan￿ with these requirements. We believe that the audit evidenGe we have obtained is sutFi¢ient and appropriate to provide 8 basis for our opinion. Concluslons relatlng to golng concem In auditing the financial statements, we have concluded that the trustees use of the going concem basls of accounllng In the preparation of the financial statements is approtxiate. Based on the work we have performed, we have not identified any rnaterial uncertainties relating to events OT conditions that. individually orcdleclively. may cast significant doubton the tharitable ￿MpanY'S abilrty to continue as a going concern for a period of at least twdve months from when the financial sL8tements are authorised for issue. Our resp)nsibililigs and the responsibilities of the trustees with respect to going concem are described in the relevant Sect￿n¥ of this report. Other Inforniatlon The trustees are responslble for the other Inf<>rnialion contalned wllhln the annual report. The other inform*ion comprises the information induded in the annual report, other than the financlal statements and our audilor's report thereon. Our opinion on the financlal statements does not cover the other information and. except to the extent otherwise explicitly stated in our report, we do not express any form of assurance condusion thereon. r responsibility is lo read the other informatlon and. in doing so, conskler whether the other Infomiation is materially inconsistent with the financial statsments or our kno￿edge obtslned In the audrt or otheThlse appears to be materially misstated. IF we identify such material inconsistencles or apparent matedal misstatements, we we required to determin8 whether this gNes rise lo a material misslatemonl in the financial statement$ Ihemsetves. If, based on the work we have performed, we conGlude that there is a material misstatement of this other information, we are reqUI￿d to report that faGt. We have nothing to report in this regard.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST. CATHERINE'S SCHOOL, BRAPIILEY Opinlons on other matt8r¥ pr•scrlbod by th• Companies Act 2006 In our opinion based on the work undertaken in the course of our audrl the Information given in the trustees, Teport, whlch Indudes the direcaors, report and the strategic report prepared for the purposes of company law. for flnanclal year for whlch the flnancial statements are prepared is Gonsisl8nl wth the financial statements; and the strateglc report and the directors, report included within the trustees. report have been prepared in accordance ￿th applicable legal requlremenls. Mattor¥ on whlch wé ara r•qulred to r•port by exceptlon In light of the knowledge and understandin9 of the charitabl8 company and thelr environment obtalned In the course of the audit. we have not identrfied material misslalements in the strategic report or th8 directors, report included ¥￿thin the trustees, report. We have nothing to report in respeGI of the following matlers in rel*h)n lo which the Companies Act 2006 requires us to report to yw if. in our opinion- adwuate and proper a(￿nting re￿3 have not been kept. or the fin8nri81 statements a￿ not in agreement with th8 acc)Juntlng records and retvms,. or certaln dlsdosures of trustees. remuneration spe￿rIed by law a￿ not made. or we have not received all the informatlon and explanations w8 require for our audit. Re8pon8lbllitl06 of trustees As explained more fulty in the trustees, responslblllb'es statement set cNJt on page 13, the trustees (who are also the director5 of the charitable company for the wrwses of company lawl are responsible for the preparation of the financial statements and for being satisfied that they glve a true and falr view, and for such intemal control as the trustees determlne is necessary lo enable the preparation of finanGral statements that a￿ free from materlal mlsststement, whether due to fraud or error. In ryeparlng the financlal statements. the tru8tees are responsible for assesslng the charltable company's ability to contlnue as a going concem. disclosing, as applIcat￿e, matters relate(I to going concern and using the going concern basi8 of accounling unless the trustees either intend to liquidale the ¢harilalle company or to cease op8ralions, or have no realist￿ allernalive but to do so. AudIt0￿8 r88pon8lb1111108 for tho •udlt of the flnanclal Statements Our objeGtwe5 are to obtain reason8ble assurance about wh81her the financial stslements as a whole are free from material misstatement, whether due to fraud or error, and lo Issue an auéilor's report that Indudes our opinion. Reasonable assurance is a high level of assuran¢a bul is not a guarantee that an audit conducted in a¢￿dar￿ with ISAS {UK) will always det&t a material misstatement when il exists. Misstatements can arisefrom fraud or error and are Considered material rf. individually or in the aggregate. they could reasonabty be expected to infiuence the e¢onomi¢ decl$lons of users taken on the basis of these financial statements. Delalls of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliancè with laws and regulations are set out below. A fvrther description of our responslbillties for the audit of the financial statements Is located on the Financial ReFXSrting Council's w•bsit8 at.. www.frc.or .uklauditorsres onsibilities. This description forms Part of our auditorfs report. 15

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST. CATHERINE'S SCHOOL, BRAMLEY Extent lo whlch the audll was con61dered capable of detectlng Irrngularftles, includlng fraud Irregularities. including fraud, are instances of non-compliance with laws and regulations. We Identffled and assessed th8 risks of materi4 mlsstalement of the financial statements from iffegularllles. whether due to fraud or error, and discussed these between our audrt team members. We then éeslgned and performed audit procedures responsive to those risks. including obtaning audit evidence SufflC￿nt and appropriate to provide a basis for our opinion. We obtalned an understanding of Ihe legal and ￿gUlatOry frameworks wlthin whlch the Charitable company operates, focusing on those laws and regulations that have a direct effect on the delennination of material amount5 and disclosures in the financi81 statements. The laws and regulations we conside￿d in this ￿)ntext were the Companies Act 2006. taxation legislalion. together with the Charit￿S SORP {FRS 1021. We assessed thè required compllance with these laws and regulations as part of our audit procedures on Ihe related ffinan¢1￿ statement items. In addition, we considered provision5 of other laws and regulations thal do not have a direct effect on the financial statements but compllance with Nthich mighl be fundamental to the charilable company's ability lo operate or to avoid a materlal penalty. We dso considered the opportunities and inGentive5 that may exbst wthln the charilable company for fraud. The laws and regulatN)ns we conshjered in Ihls Context fcf the UK operation5 were The Education {Independenl School Standards) Regulations 2014, General Data Protectlon Regulation (GDPRI and Employment Legislallon. Auditing sLqndards IlmFt the required audit procedures to tdentlfy nonveompliance with these 18ws and regulations to enqulry of the tNslees and other management and InspectDn of regulatory and legal C￿rreSpOndenCe. We identified the greatest risk of malerlal Impact on the financial statements from irre9ularFtie5, Including fraud. to be wtlhin the timing of recognition of voluntary arKI other income and the override of controFs by management. Our audit procedures to respornl to these risks induded enq4Jiries of management and the Finance and Risk Committee about their own identification and assessment of the risks of irregularities, Sample testing on the posting of jcumals. reviewing accounting e51imales for biases. reviewing regulatory correspondenGe with the Charity Commission. Independent Schools Inspectorate, Otsled and reading minutes of meetlngs of Ihose charged with governance. Owing lo the inherent limbtalions of an audit, there Is an unavoidable risk that we may not have detected some malerial misstalemenls in the financial ststemenls, even though we have properly planned and pgrfomied our audit in accordance with auditing standards. For example, the further removed non- compliance wth laws and regulations (irregularili8sl is from Ihe events and transactions reflected in the financial statements, the less likely the inherently limiled procedures required by auditing standards would identrfy it. In addition, as vrfth any audit, there rem8irwl a higher rbsk of non-detection of irregularittes, as these may Involve collusi￿, forgery, intentional omissions, misrepresentslions, or the override of internal controls. We are I￿t responslble for preventing nonwcompliance and cannot be expected to detect non- compliance with all law¥ and regulatlons. Use of our roport This report is made solely to th8 charitable company's members, as a bC￿y. in accordance with Chapter 3 of Pari 16 of Ihe Companies Act 2006. Our audit work has been undertaken so that we might stste to the charitable company's members those matters we are required lo state to thém in an auditor's reixsrt and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responslbllty to anyone other than Ihe ¢haritable company and the Charitable company's memb8rs as a body. for our au(Jit work. for this report. or for the opinions we have formed. Tin8 Allison. SenK)r Slatulory Auditor For and on behalf of Crowe U.K. LLP Statutory Au(lilor London Date.. 16 December 2022 16

ST. CATHERINE'S SCHOOL, BRAMLEY STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2022 Unrestrictsd Restrict￿ Endowmgnl Funds FurKIs Funds £'ooo £'ooo £'ooo Total 2022 £'ooo Tot81 2021 Notes INCOME AND ENDOWMENTS FROM Charftable acllvltkns School fe8S Other educational income 16,713 728 16,713 728 15,615 686 Int•r•st r•¢•ivablo Donations & loga¢i•s 14 338 17 Olhar tradlng in¢oma Gift aid from subsldiary Other incomelRentals Furlough grant Income 31 31 38 17 T¢)tal InGome 17,527 347 17,874 16,569 EXPENDITURE ON RAISING FUNDS Finan¢e costs under Advan￿ Fee$ Contracts Bank interest and charges Development costs 67 150 163 75 158 129 150 163 362 Charitable activities Education 16,984 137 ICM) 17221 15,352 Exceptional Items Total expenditure 17.364 137 17,601 15,714 Ngt Incom81(expendlturn> 163 210 {100) 273 855 Transfern between funds 16 457 {457) Net mcwomont in funds 620 {247) {100) 273 855 Reserve8 brought forward 25.368 1,031 7.241 33,840 32,785 R980￿8 carried forward 15 & 16 25.988 7,141 33,913 33,640 All of the Sch¢)ol's operations represent continuing activifjes. There were rrf) recognised gains or losses other than those shown above. A copy of the Statement of Financial Activities for the year ended 31 August 2021 is provided in note 22. Th8 notes on pages 21 to 36 fom wt of these financial statements. 17

ST. CATHERINE'S SCHOOL, BRAMLEY BALANCE SHEET AS AT 31 AUGUST 2022 Notes 2022 £'OOD 2021 £'ooo FIXED ASSETS Tangible assets Investment in subsidiary company 42,586 41.699 42,586 41,699 CURRENT ASSErs Debl¢xs Cash at bank and in hand 11 923 2,638 637 3,661 4.201 CREDrroRS: Amounts falling due within one year 12 16,471) (5,659) NE[ CURRENT LIABILrriES {2,910 (1,458) TOTAL ASSETS LESS CURRENT LIABILrriES 39,676 40,241 CREDITORS: Amounts falling due after morg than one year 13 (5,763) (6,601) NEf ASSETS 15 33,913 33,640 FUNDS OF THE CHARITY: UNRESTRICTED FUNDS: General 16 25,988 25,368 RESTRICTED FUNDS: Scholarships. prize funds and donatlons 16 1.031 ENDOWMENT FUNDS Perrrbanenl Expendable 16 6,953 7.053 188 TOTAL FUNDS 33.913 33.640 The notes on pages 21 to 36 form part of these financial slalements. Approved on behalf of the Goveming Body and authorised for issue on 3rd Decembgr 2022 P Lowe Chaimian of the Goveming Body C M Tlppett Chairman of the Flnance and Rlsk Committee 18

ST. CATHERINE'S SCHOOL, BRAMLEY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2022 2022 2021 rooo £'ooo £000 Cash flows from oporatlng actlvltles (Note a) 1,614 1.350 Cash Ilows from Investlng actlvltEes Investments and servlclng of flnance Bank interest receipts Finance costs and bank charges Payments to acquire taTrJible fixed assets Proceeds from sale of tsngible fixed assets 14 (216) <1,949) 17 (233) (4,026) 12,1511 (3,393) Not Cash outlEow bofor• finan¢lng actlvlti•s (537) (2,043) Cash flows from flnanclng acthiltle8 Fees in Advance scheme.. Receipts from new contracts Amounts accrued to contracts Amounts utllised lo pay fees Bank loan, repayable by 2035 2,588 63 (2.698) (342) 1.881 75 (2,607) (333) 1389) (984) DO¢r￿S0 In cash (Not• b) {926 (3,027) Roconcillatlon of not cash flow to movemont In net debl Decrease In cash in the year Net decrease in Fees in Advance DeGrease in loan finance (926 47 (3.027) 651 333 Movement in net debt Net debt al I Septembor 202112020) (6371 {S,S90 (2,Q43) (3.547) Net debt at 31 August 2022 {2021) {6.127) (5,590) The notes on pages 2110 36 form part of these financial statements. 19

ST. CATHERINE'S SCHOOL, BRAMLEY STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 NOTES TO THE CASH FLOW STATEMENT RgconGiliation of net income to nat cash Infiow from op•ratlng acllvttles 2022 £'oDo 2021 £'gLXJ Net Income for the year 273 855 Bank and other interest received Finance costs and bank ¢harges DepreThation Profit on disposal of fixed assets Increase in debtors In¢rea￿(deCreaSe} in uedilors (14) 216 1,062 (17) 233 1,023 (223) (170) (351) (286) 363 Net cash Infiow from oporatlng actlvltl88 1,614 1,350 b) Analysls of changes in n•t dobt Asat I September 2Q21 £'ooo M¢)vem?nl 31 August 2022 £'ooo £'ooo Cash at bank and in hand 3,564 {9261 3.564 (9261 Fees in Advance sch8me Bank loans (3,541) (5,613) 47 342 13.4941 15,2711 (5,590) {537) 16,127) 20

ST. CATHERINE'S SCHOOL. BRAMLEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ACCOUNTING POLICIES Basis of accounllng The financial statements have been prepared in accordance wth the FInanCk￿ Reporting Slandard applicable in the UK and Republic of Ireland (FRS1021, the Companies Act 2006 and the Statement of Recommended Practice apt4icable lo charities, the charit￿ SORP IFRS 1021. The fvnctional CUr￿ncY of the School is G8P because that is the curr8ncy of the prim8ry economlc envlronment In whth the School operates. The activities ofthe charity's wholly owned subsidrdry Company. St. Catherine's Enterp￿Se$ Limited. are immaterial to those of the charlty ¢onsolldated financial $talemenl$ have, therefore, not been prepared. The School is a Public Benefit Entty registered as a charity in England and Wales and a company limited by guarantee. It was incorporated on 10 July 1998 (company number: 3596520). Golng Con¢em The p￿paration of finanrjal statements requiTe5 an assessment of the appropriateness of adoptlng a going concem assumption since this assumes the availability of adequate Ilnan¢lal resources to allow the School lo Continue for the foreseeable future. At the Ilme of approving these finanoal statements, the general economic pthre and inflationary pressu￿$ conllnues to evolve and Ihe impact on the School, in common with many olher busSnesses. The Governors conllnually revlew the posltlon Carefully and prudently to ensure the long-lerm continuing operalon of the School. the ongolng provlsion of schooling for lh8 pupils and the employment of ￿r staff. The Governors regularly recelve 8￿1 review financlal and oth&rforeca8ts coverlng one. fve and frfleen year future periods. The future financing of 811 capitsl projects Is carefully onsidered before approval is gwen to proceed. Sensitivity scenarios are produced to ensure that there are adequate bank borrowing facilities to pyovide a sufficient safety net should various potential adverse events occur. After ￿VIeW1n9 the S¢hool'$ budgets, forecasts and projection5 and, reoognising that pupil numbers are perhaps the most imt)ortantfactor In the finan¢ial viability of a school, reviewing the level of appllcatlons lo loln the $¢hool In the fulure. the Governors have a reasonable expeclatlon that ￿ has adequate resources, Includlng Current cash re$erve$ and banking facilities. to continue in operatlonal exlslence for the foreseeable future. The School therefore continues to adopt the golng concern basls In preparlng Its flnan¢lal stslements. Cirti¢al aGGounting judgements and key sources of estlmatlon uncertalTrty In the application of the accounting pOI￿leS, Governors are required to make judgements. est"male$. and assumptions about the carrying value of assets and liabiliti8s that are not readily gppa￿rtt from other sources. The estimates and underfying assumptions are base on historical experien¢e and other factors that a￿ Considered to be relevant. Actual results may differ from these estlmates. The estimates and ur¢derlying assuMp￿0nS are revlewed on an ongoing basls. Revislons lo accounting estimates are recognised In the peri(*J In whlch the 8Stlmale Is revlsed K the revision affects only that period. or in the period of th8 revlslon and future periods ff the reViS￿n affected current and fijiure periods. In the vw of the Governors, rn assumptions concerning the future or estimation uncertainly affecting assets or liabilities at the balance sheet date are likety to resum in a material adjustment to their carrying amounts in the next financial year. 21

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Ftxod assets Tangible fixed assets with costs of £5.000 or more ar8 capilalised and, when brrAJght into use, are depreciated by equal annual instalments over their estimated useful lives. The current estimated useful INes a￿. Freehold buildings Equipment Computers Vehicle8 All weather iitches SQ years 5 years 3 years 4 years 7 years Land value, estimated at £6m, Is not depreclaled. The Govemors reviewed the eslifflated usefijl lrfe of the School's freehold bulldlngs and based on this revrew, depreciation 15 being provided to wrrte off their book value over 50 years from 2002 or the dale of subwuent purchase. Fees and slmllar earned Incorno Fees receivable and charg85 for services and use of the p￿mises, less any allowances, 5cholar5hips and bursaries granted by the S¢hool against those fees, tr￿rt including contributions received from restri¢ted furKls, a￿ a¢¢ounled for in the period in which th8 Service 15 provided. Amounts received under the Schwl's Fees in Advance scheme contracts a￿ recorded as deferred income and credited to income when the fees are due. They are allc¢ated as Current liabilit￿S where the education will be provided within 12 months from the reporting date and as long-temi liabilf(ies where the education will be provided Ihereaft8r. d) Donatlons. legaciOSJ grants and othar voluntary incoming ro￿llr£•9 Voluntary incoming resources are accounted for as and when entitlement arises. the amount can be reliably quantrfied and the economic benefit to the School is GonsKlered probable. Voluntary income for the School's general purposes is ￿Ounted for as unrestricted and is credited to the Annual Fund. Where the donor or an appeal has imposed trust law re5trictiOn5, voluntary income is Credited to the relevant r88lricled fun(i and incoming endowments are accounted for as permanent tnjst capllal or expendable trust capital, according to whether Ihe donor intends retention is lo be permanent or not. Grts in kind are valued al eslimated open market value al the date of gfft, In the case of assets for retention or consumption, or at the value to the School for donated services or facilities. Expenditure Expenditure is acixugd as soon as a liability is considered probable, dis¢ounted to present value f(ff longer-term liabilities. Expenditure attributable to more than one cost category in the SOFA is apporboned to them on the basis of the eslimaled amount attributable to each activity in the year, either by referenrk to staff time or the use made of the underfying assets, as appropriate. Irre¢ovwable VAT is i￿l￿ded with the item of expenditure lo which it relate5. Oporating l•as•s Rentals under operating leases are charged on a slraNJht4ine basis over the lease term, even rf the payments are not made on such a basis. 8enefit5 r￿e1Ved and re￿1vable as an incentive to sign an operalirwJ lease are similarly on 8 straighl-line basls over the lease tenn. g) Financial instrumonts Basic financial instruments are initially recogn18ed at Irans8Ction value and sub5equenlly measured al amorti8ed cx)sl with the exception of investments which are held al fair value. Financial assets held al amortised cost comprise cash at bank and In hand, together with accrued income, trade and other debtors. A Specif￿ pr(wision is made for debts for which recoverability Is In doubt. Cash al bank and in hand is dèfined as all cash held In Instant 22

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 a￿8$ bank a¢(x)unts and used as working capital. Fir*nclal liabilities held al amortlsed cost comprise bank loan$. trade creditors, other creditors. a¢LYuals and entrance fees. Assets and liabilllles held In foreign Currency are translate(1 to G8P at the balance sheet dale al an approprlate year end exch8ng8 rate. h) Pen8iOft ¢08ts The School contributes to the Teachers, PenS￿n Defined Beneffts Scheme al ral85 set by Ihe Scheme Actuary and advised to the School by the Schem& Administrator. The Scheme Is a multl4mployer pension scheme and it is not possSble to idenlfy those assets and liabilities of the Scheme which are attributable to the Schwl. In accordance with FRS 102 the Scheme is accounted for as a deflned contribUt￿n scheme and ￿ntributIonS a accounted for in the period to which they relate. For non-teaching staff the School contrlbuteg to indNidual personal penslon Schemes at a maximum of 10% of annual pay. These contrlbuli)ns are accounted for in the perlod towhkh they relate. 23

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 FEES RECEIVABLE 2022 £'ooo 2021 Thg feos rgGeivable comprised.. Gross fees Less.. Bursarles, scholarships and other awwds 17,825 (1,215) 16,796 1.273) 18,61Q 103 15,523 92 Add back.. BursaTies paid for by Restricte(l Funds 16,713 15,615 OTHER EDUCATIONAL INCOME 2022 000 2021 Academlc costs recharged to parents Trips. activities and other ojgts rechar9ed to parents Registration fees Extra tuition fees Other income including facility 92 388 44 56 46 59 51 130 728 686 INTEREST RECENABLE 2022 rooo 2021 Interesl received from SL Catherine's Enterprises Limiled Interest on scholarship, prize and donated funds Bank interest received 14 17 NET INCOME Tho operating surplus is staled after chargingllcrediting): 2022 £'ooo 2021 £'ooo Auditorfs remuneration- audit fees excl. VAT Depreciatior) Profit on disposal of fixed assets Leasing charges 26 1,023 (223) 1,062 24

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 EMPLOYEES 2022 £'ooo 2021 Staff cost8: Wages and salaries so￿al security costs Pension costs 950 1,625 859 1,557 11.059 10,422 The number of employ88s whose emoluments exceeded £60,000 wa5: 2022 No. 2021 No. £60,001- £70.000 £70.001- £80.000 £80.001- £9).000 £90.001- £100.000 £160,001-£170.000 £180,001- £19J.000 io Eleven (2021: Thlrteen) of the above employees are accnjing benefits undor a defined benefits penslon scheme. Contrlbutlons of £16k {2021.' £18k) were made lo a defined contribution scheme for one12021.' three) employees. Aggregate employee benefits including employerfs penslon and natlonal insurance contrlbutlons, of key management personnel were £356k12021: £441 k). Total headcounl was 244 {2021: 235). Ne￿her the Governors rw persons connected wth them received any remuneration or ben8fils from the Schwl or any connected ￿anIsatiOn. other than the reimbursement of travel expenses, webinars and olher expenses which were necessarily incurred by Governors. This lotalled £2.235 for four Governors in 2022 {2021'. £609 for four Governors). 25

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 ANALYSIS OF TOTAL EXPENDITURE Costs £'ooo Other D&preGiion £'ooo £'ooo 2022 £'ooo 2021 £'Ot Costs of rnising funds Financing costs Development 217 10 217 233 129 153 Total 153 227 380 362 Charltable actlvltleg Teaching Housekeeping and catering Premises Support and gyjvernance Costs 8.809 263 452 1,382 1.594 1.149 2,188 322 10,403 1,412 3,702 1,704 9.892 1.171 2.668 1,621 1.062 10,906 5.253 1.062 17,221 15,352 Excgptlonal ltsms Total gxponditur• 11.059 5,480 1,062 17.601 15, 7t4 There were no Ex(plional Items during the year {2021'. £nil} FIXED ASSETS Land and Buildings Assets in course of conslruclion Otl*r Assets Total £'ooo £'ooo £'ooo £'ooo Al 1 Sept8mber 2021 Additions Transfers Disposals 49.567 75 810 3,705 54,082 1,949 At 31 August 2022 49.642 2,676 3,713 56,031 Depreclatlon At 1 September 2021 Charge for year Disposals 9.147 3.236 176 12,383 1,082 At 31 August 2022 10.033 3,412 13,445 Net book value At 31 August 2022 39,609 2,876 301 42.5B6 At 31 August 2021 40,420 810 469 41,699

ST. CATHERINE'S SCHOOL. BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 FIXED ASSETS (co￿riNuED) Land and bulldlngs were valued on 29 September 1999 by ￿ng Sturge and Co. Chartered Surveyors. uging the depreciated replacement cost basis of valuation for the majority of thg estate a$ well as the existing use basis of valuation for the residue where appropriate, to establish Ihe fair value of these assets when grfted to thls Charflable company in 1999. The land value estimated al £6m ig not depreciated. Assets in course of construction amountlng to £2.676 relates to the Art & Makerspace and the CATalysl Projects. As at 31 August 2022 there was c8Pital expenditure of £0 (2021.. £1.2m) contracted for but rtot provlded for in the financial statements. INVESTMENT IN SUBSIDIARY 2022 2021 Shares in Subsidiary 100 100 Net book value at 31 August 100 100 The cost of the above Investment tolalled £100. The School's inlerest Is as follows: Company Country of Incorporatlon Shares held Class St. Catherine's Enterprises Limited England and Wales Ordinary 1rAJ reglslered office of St. Catherine'$ Enterprises Limited (Company Number 2902111) is al the same address as the School. The principal a¢tivity of the subsidiary is that of selling unrforms and accessories lo the pupils of the Schoc4. The company a150 operates the Anniversary Halls Bar. Forum Café and Sports Centre on the School site. The net assets of thi$ company al 31 August 2022 were £13k12021- £12k), and, at that date, the company's total assets were £214k {2021.' £210k) and total liabilities were £201 k {2021'. £198k). Thg company's profil and k>ss account for the year ended 31 Augusl 2022 showed turnover of £189k {2021'. £130k} and an operating profil of £32k {2021'. loss of £1k). No Gift Aid (2021.. £nill has been paid over during the year. Gtft Aid £31 k (2021: £nll) was receNa￿e at the year end. 10. EXPENDIBLE ENDOWMENT FUND INVESTMENTS The lotsl restricted fund investments We￿ liquldated durtng 2004. The proceeds were loaned to the general fund to finance the acqulsltion of residential propertEs. Intewl is payable on this loan to the restricted funds at 5% per annum. as shown in note 16. 11. DEBTORS 2022 £'ooo 2021 £000 Fees woverable Amount due from St. Catherinè's Enterprises Llmlted Olher debtors Prepahj expenses A￿rUed irtcome 176 195 319 133 187 157 133 27 39 923 637 27

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 11. DEBTORS {contlnued) The anM)unt due from St. Cathenne's Enterwses Llmited Includes a loan of £150,1)00, bthich fa118 due in greater than one year and which provides the company wth working capital to purchas& $¢h¢ol uniforn slo¢k for resaFe. Interest Is charged at 1.75% p.a. abDV8 base on the balance outstanding al the beglnning of each month. 12. CREDrroRS: amounts falllng due wlthln one year 2022 £'ooo 2021 £'ooo Trade creditors Fee5 in Advance Other taxation and social seGuftty costs Other Credrtors Accrued expenses Deferred income Entrance fees Loan repayments {note 13) 180 709 234 213 521 189 1,423 351 357 731 220 218 231 71 1.278 342 3.820 2.651 3,448 2,211 Fees In Advan¢e scheme Inole 13) 6,471 The total amount held in relation lo entrance fees of £1,423k is induded above. In the normal course of business, th8 expected repayment of these amoun15 wll be £237k (2021: £212k) wilhin one year and £1,186k12021- £1,066k) after more than on8 year. The Governors have reviewed th8 contract terms under which pupil fee deposrts arg held by the School. Although under nomial circumstances these will bg rgpaid over fuknre years when the pupils complete their education at the School, pupils can leave at earlier dates. The School does not therefore have an unconditional right to retain the individual deposits for at least 12 months after the balance sheet. In line wlth FRS 102, the balance of deposits held at the year end have been induded within current liabllhles. 13. CREDITORS: amounts falllng due after more than one year 2022 £'ooo 2021 £'ooo Loans Fees In Advance scheme 4,920 843 5,271 1,330 5.763 fj,601 Fees in Advance scheme balances to be applied.. In over 5 years In 2-5 years In 1-2 years In less than 1 year 402 441 2,651 583 693 2,211 3,494 {2,651 3,541 (2,211 Less.. Included in curr&M Ilabllltles (note 12) 843 1,330 28

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 13. CREDITORS: amounts falllng due aftgr morn than one year (conllnuod) 2022 £woo 2021 Loans repayable: In over 5 years In 2-5 years In 1-2 years In less than 1 year 3.025 1.536 3,424 1,496 351 342 351 5,271 (351 5,613 (342) Less.. included in current liabilrties (note 12) 4,920 5.271 Th8 balance on the Fees in Advance scheme represents the accrued liability under the Scheme contracts. Further delails on the movements in it during the year are shown in note 14. The School a￿anged a long-lerm loan with Lloyds Bank plc in the y8ar ended 31 st August 2020. The k)8n is in the amount of £6,OOOk with a ffixed rale of 2.6050A. repayable in monthly instalments which commenced in July 2020 and which are due to be completed by June 2035. The bank loan is secured on the freehold land and buildings at thg &Fh)ol. 14. FEES IN ADVANCE SCHEME Pa￿ntS may enter into an agreement for the advance paymenl of fees. Under the terrn5 of the Scheme the advance fee payments may be retumed should the relevant puplslgave independent education before the advance fee payment is applied. 2022 £'ooo 2021 £'ooo The movements durlng year were as follows: At 1 September 2021 {2020) New contracts durlng the year Amounts credlted lo contracts 3,541 2.588 63 4,192 1,881 75 6,192 6,148 Amounts utilised in payment of fees lo the School (2,698) (2.607) Balance at 31 August 202212021) 3,541 29

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2022 15. ALLOCATION OF NET ASSErs ExpendaNe Pernianent Restrlcled Endowment Endowment Funds Funds Funds £'ooo £'o £'ooo Unrg8trirted Funds £'ooo Total £'ooo Tangible flxed assets Investment in subsidiary Propety loan Current assets CUr￿nt liabilities Long lenn liabilities 35,633 6,953 42,586 {188) 2,777 (6,471) (5,763) 784 3.561 16,471) 15.763) 25,988 784 6,953 33,913 Pernianent Endowment Fund The permanent endowment fund ￿preSentS the land aNI bulldlngs on the Senlor School Camws Ihat are held on trust. Expéndable Endowm•nt Funds The expe￿lable endowment funds represent funds gfven lo the School wlth the gpecmc wrpose of supplemenllng schdarships and prizes. These funds were loaned to the General Fund lo part fund the purchase of two residential properties for use by the School. Interest at 5% p.a. is payable on this inter-fund loan. this Interest belng available for scholarships and awards. Restrfcted Funds The restricted ffiJnd8 represent unspent income from th8 expendaNe endowment funds and unspent donations in relation to other restricted funds. The Bursary Fund exists for donations to support parents who are unabla to meet th& fees In full. The Hardship Fund exists lor donatK)ns to support parents who are unable. lemFX)rarlty. to meet the fees in full. The CATalysl campalgn exlsts to create a new teachlng space dedicated to SC￿Ce, technology, maths. dwjilal learning. Irmlependent reading and research. The Art & MakeTSpac8 campaign existed to create enhanced areas, full of natural lighL for Fine Art. Textile¥. Culinary Arts and Photography. Create the Future is the umbrella campaign for The 6, The CATalyst and The Art & Makerspace campaigns. Further expenditure out of each of the above funds Is planned during the 2022-23 financial year. Unrestrlcted Funds The Govemors have separately identif￿d receipts and spendiThJ on donations and Eegacles for general educational purposes as a designated fund called the Annual Fund.

ST. CATHERINE'S SCHOOL, BRAPIILEY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 16. MOVEMEKf ON FUNDS I Septembgr 2021 31 August 2022 £'ooo Income £'ooo Expenditure £'ooo Transfers £'ooo Unrèstricted Funds General Fund Totsl 25,368 25,368 17,527 17.527 (17.364) {17,3641 457 457 25,988 25.988 b) Reslrlctod Fund$ Scholarshlp funds {9) Prfze funds Donatlons Bursary Fund Hardship Fun The 6 Campaign CATalyst Campalgn Art & Makerspace Create the Future Other 73 57 31 {35) (69) (5) 182 182 150 122 23 (3) (2) (19) (207) (250) 569 1,031 347 {137> (457) Expendable endowments Scholarnhlp fund8 T M Kllchin Mrs Russdl-Baker Sl. Catherine's Old Gids Margaret Kaye Gregory Award Mrs S Bevan Endowment fund 74 77 74 77 22 Prize funds 188 Pormanenl Endowmont Property fund 7.053 (100) 6,953 Transfers be￿en restrict8d and Un￿$tr￿ted funds represent the ulilisation of fund8 in accordance with the lems of the designaled funds. 31

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 17. PENSIONS AND LIFE ASSURANCE Teachlng Staff The School participates in the Teachers, Pension Schemellhe TPS'I for its teaching staff. The penslon charge ft)r the year Indude5 contrlbutions payable to the TPS of £1,395k12021.- £1,339k) and at the year-end £115k {2021- £114kl was accrued in respect of contributions to this scheme. The TPS is an unfunded mutti-amployer definad benefits pension 8cheme govemed by Th8 Teachers. Pensions Regulatlons 2010 las amended) and The Teachers. Pension Scheme Regulations 2014 (as amended). Members contrlbute on a.pay as you go basis with contributions from members and the employer being credited to the Exchequer. RelSrem8nt and other pension benefits are pald by public funds provlded by Parllament. The employer contribution rate is sel by the Secretary of State following scheme valuations undertaken by the Govemment Actuary's Department. The most re￿nt a¢￿arra1 valuatlon of the TPS was p￿pared as al 31 March 2016 and the Valuation Report. which was published in March 2019, confimied that the employer contribulion rale for the TPS would increase from 16.4% 10 23.601ts from 1 September 2019. Employers are also required lo pay a scheme admlnlslralion levy of 0.08% glvlng a total employer conlrltMJllon rale of 23.68%. Th8 31 March 2018 Valuation Report was prepared in aethrdance with the benefits sel CAJI in the sch8me regulations and under the approach specified in the Direct￿nS, as they app￿led at S March 2019. However. the assumptions were ¢onsidered and sel by the Department for Education prior to the ruling in the 'McCloudlSargeant case,. This case has required the Courts to consider cases regarding the implementation of the 2015 ffjfom$ to PublK Service Pen6ion$ includiw the Teachers, Pensions. On 27 June 2019 the Supreme Court denied the government permission to appeal the Court of Appeal's judgment thattransitional provisions introduced to the reformed pension scherrEs in 2015 gave rise to unlawful age discrimination. The government is respecting the Courfs deGision and has said it will engage fully with the Employment Tribunal as well as ernployer and member representatives lo agree how the discriminations will be remedied. The government announced on 4 February 2021 Ihal rt intends lo pro¢eed with a deferred Choi￿ underpin under which members wll be able lo ¢hoose gilher legacy or reformed scheme benefits in respect of Ihelr servlce durlng the period betsveen 1 April 2015 and 31 Mar¢h 2022 at the polnl they become payable. The TPS is subl￿t to a cost mechanism which was put in place to protect taxpayers against unforeseen changes in scheme costs. The Chief Secretary lo the Treasury, having in 2018 announced that there would be a review of this cost cap mechanism. in January 2019 announced a pause to the ￿$1 cap mechanism following the Court of Appeal's ruling in the Mccloudlsargeant case and until there is certainty abLWt the value of pension$ lo employees from Aprll 2015 onwards. The pause was lrfted in July 2020, and a consultation was launched on 24 June on proposed Changes to the ¢osl control me¢hani$m following a ￿vIeW by the Government Actuary. Fdlowing a public consultstlon, the Govemment have a¢¢epted three key proposals recommended by the Govemment Actuary and are aiming to implement these changes in lime for the 2020 valuations. The 2016 cost control valuations have since been completed in January 2022. and the results indicated that there would be changes to benefits or member contributions requlred. The results of the cost Cap valuats'on are not used to Sel the employer contribution rate, and HM Treasury has ¢onfimed that any changes to ts employer ¢onlributlon rate resulllng from the 2020 valuations 11 take effect In Ap￿1 2024. Until the 2020 valualM)n is completed it is not possible to condude on any financkil impact orfulure changes to the conlribLrtion rates of the TPS. Accordingty, no provision for any addftional past benefit penS￿)n costs is Ir￿lU{led in these financial statements. 32

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Non-tsaching Staff The Schi)ol's wntribulions to the personal pension schem8s of non-leaching staff in ts year were £230k12021.. £218k). TAXATION The company 1$ reglstered as a UK char(ty and can take advantage of the exemptions available to charltles. 19. FINANCIAL INSTRUMENTS 2022 £'ooo 3,367 (7.608) (4,241) 2021 £'ooo 4,068 (7,697) (3,629) Financial assets measured at amortised cost la) Financial liabiltties measured at amortised cost Ib) Net finanaal liabilities measured at amortised cost {a} Financial assets irtiude cash, trade and fee dgbtors, staff loans, other debtors, accrued income and am￿nts due from subsidraries. (bl Financial liabilities include deposits. loans repayable, trade creditors, other creditors and accrued expenses. OPERATING LEASES Al 31 August 2022, the School had total commitments under nonwC8ncellable oper8tlng leases in ong year or18ss of £1k12021'. £1 k) and greater than one year and less than five years of £1 k {2021'. £2k) for offlce equlpmenl. 21. RELATED PARTY TRANSACTIONS Th8 following amounts were charged to St. Catherine's Enterprises Limited. the School's whol owned trading sub3idiary, during the year.. - 2022 £'ooo 2021 £'ooo 19 12 Salary costs Rent Adrninlstrat￿e supp Inlere61 12 The salary ¢osts recharge represents the salary cost5 of tho staff in the uniform Shop and the sp￿ts Centre. The rent and administratlve support charges repwent the best estimate of Costs incurred in the runniThJ of the unrform shop the Annlversary Halls Bar and Forum Café operations. Interest is charged at 1.75% p.a. above base on the tot81 bal8nce outstanding at the bgginning of each month. For delalls of the amount due from St. Catherfne's Enterprises Limited at the year-end. see note 11 33

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 During the year the SGhocl incurred total costs of £8k {2021.' £8k) wth relalwj parties. A partner of a member of the key management personnel charged £8k (2021: £8k) for organising chess actfvitles induding the purchase of equipmenl. The balance oulstandlng at the year-end was £Nil (2021.. £NI). These arrangements were fully Gonsidered by the Govemors who took steps to erssure that they provided best value for the School. 22. STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 AUGUST 2021 Unrèstricted Restricted Endowment Fundy Funds Funds £'ooo £'o £'ooo Totsl 2021 £'ooo Notes INCOME AND ENDOWMENTS FROM Charitable activltl89 School fees Other educational income 15,615 15,615 Inlerest recelvable Donatlons & legacles 17 196 Ixher tradlng income Gift aKI from subsldlary Other incomelRentals Furlough grarrt Income 17 17 Total Income 16,364 205 16,569 ExpeNDITURE ON RAISING FUNDS Finance costs und Advance Fees Contracts Bank interest and charges Development costs 75 158 129 75 158 129 362 362 Charitable activities Education 15,122 130 100 15,352 Exceptlonal items Total •xp•nditur• 15,484 130 100 15,714 Net InCom￿{eXp•ndltur0> 75 (100) 855 Transfws bétween fvnds 16 374 (374) Not mov•m•nt In funds 1.254 (299) (100) 855 Roserves brougm forward 24,114 1,330 7,341 32,785 Ros•Th￿ ¢arrlod forward 25.368 1,031 7,241 33.640

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 23. COMPARATIVE ALLOCATION OF NET ASSErs Expendable Permanent Restricted EndowTnent Endowment Funds Funds Funds £'ooo £'ooo £'ooo urTrB1r￿t￿￿ Funds Total 2021 £'ooo £'ooo Tangible r￿ed a$sel$ Investment in subsidiary Property loan Current assets Current liabilities Long tenn liabili118S 34.646 7,053 41,699 1188) 3,170 {5,659) (6,601) 1.031 4,201 (5,659) (6,601) 25,368 1,031 33,640 COMPARATNE MOVEf•lENT ON FUNDS I September £000 31 August £'ooo £'OCN) £000 £'ooo UnrgslriGtgd Funds AnThJal Fund General Fund Total 24.110 24.114 16,384 16.364 {15,484) (15,484) 374 374 25,364 25,368 b) Re6tblcted Funds Scholarshlp funds T M Kitchin Mrs Ru5sell-Baker St. Catherine's Old Girls Margaret Kaye Gregory Award Mrs S Bevan Endowment fund (4) {4) {1) Prizo funds Donations Jennrfer Bal8 Organ Academy Bursary Fund Hardship Fund The 6 Campaign CATalysl Campaign Art & Makerspace Create the Future Oth8r 25 30 20 23 10 25 73 57 95 79 363 172 {52) {42) {12> (374) 182 516 53 28 (15) 1,330 205 (1301 (374) 1.031 35

ST. CATHERINE'S SCHOOL, BRAMLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 24. Comparatlve movement on funds (coKfiNUED) I September £'OL 31 August £'ooo £'ooo £,0￿) £'ooo Exp•ndabl• end¢>wm•nts Scholarship fvnds T M Kitchln Mrs Russell-Baker St. Catherine's Old Gir15 Margaret Kaye Gregory Award Mrs S Bevan Endowment fuTr 74 77 74 77 22 22 Prlze funds 188 188 Permanont End¢)wmgnt Property 7.153 {1 tKJ> 7,053