tLGS Reigate Grammar School A Re8lStered Company Limited by Guarantee Consolidated Financial Statements for the year ended 31 August 2022 together with Governors, and Auditor's reports Registered Company Number.. 3954365 Registered Charity Number. 1081898 Reigoie Grammar SchoDI £on501Klaied Fitiantial Staiernent5 for tlie veal endo(131 August 2022 Report of the Governors for the year ended 31 August 2022 The Governors. who are also directors, present their 3nnual report on the affairs af the Group. together with rhe financial ststements and auditors. report lor the year ended 31 August 2022, and confirm that the financial statemeTrts comply Ylith the requirements of the Companies Act 2006 and the Charities SORP IFRS102). Reference & Administrative Information The School was incorporated as a company l+mited by guara$7tee in 2000 and has been granted exemption under S60 Companies Act 2006 from the requirement to use 'Limited' as part of its name. The liability of its members is limtted to £ l each. The School is also a registered Charity. The three princlpal opèrating arn15 of the khool are Reigate Grammar School {'RGS'I. and its two junior school& Reigate Si Mary's Preparitory & Choir School {'RSM' or'Reigaie St Mary's'l and ChinthursE School IChinthur5tl together known a5 'the School,. There 15 also a subsidiary charity, the Reigate Grammar school Trust I'RGS Trust'}. and two subsidiary trading companie5. Reig&￿ Grammar School Trading Limited and Reig3te Grammar School Internition Limited. During the prior year, there was one dom)ant subsidiary. Chinthurst School Educational Trus( wh￿ch was lully dissolved in Augus¢ 2021. Chinthur5t khool Education￿ Tru54 an independent preparatory 5ch¢xJl in Tadworth, Surrey, merged with RG5 in early 2017. Chinthurst School Educational Trust wa5 instially mainrained as a separare leg1 entity, with RGS as ils sole member until the trading attivities of Chinthurst School Ichinthurstl were formilly transferred to RGS on 2 September 2019. In this current year 202112022 and in the prior yeèr. the School has three principal operdtion$'. RGS. RSM and ChinthursL Governo Mr Mark Elsey Ichair from 6 December 2021) Mr lame5 Dean -t Ichair. resigned 6 December 2021} Dr Shrilla Banerjée Mr Marc Benton * Mrs Mary Braughler-Edmunds Mr Colin Cobain * Mr D&v*d Cole (resigned 7 November 10221 Mr 8rian Day t QO * Mr Christopher Dixon t Mr Luke Herbert Mrs Maxine Hulffle t Mrs Lisa Page. Mr Nicholas Weber Mr Edward Wheeler t Mr Matthew Adshead (appointed 7 November 20221 Member of the Education & Welfare Commit¢ee * Member ol the Finance & Foundarion Committee Member of the Estates & Premise5 Committee Member of the Governance & Risk Management Committee Headmaster- SeDlor Mr Shaun A Fenton MA Med OBE H¢admaster- Reigate 5t Mary, Mr Marcu5 8 Cul¥erwell MA Headteacher- Chinthurst School Mis5 Cathy Trundle BA QTS Bursar & Company Secretary Mr Stephen P Doury BA FCMA Address and Regi5tsrtd Office Reigate Grdmmar School Reigate Road Reigate Svrrey RH2 OQS page 1 Rpigate Giammar 5cliool . Consolidal?d Fi17ancial slate1r￿oIs for the year ¢ndtrd 31 Aupust 20ZZ Bankers Barclays Bank PIC Level 12, 1 Churchill Place London E145HP Audltors Haysmacintyre LLP Statutory Auditors l O Queen Street Placè London EC4R IAG Solicltors Goodyear Blackie Herring¢on LLP Oak House Tanshire Park Shacweford Road Elstead Surrey GU8 6LB Farrer & Co 66 Lincoln's Inn Fields London WC2A 3LH Structure, Governance & Management Governing Document The School 15 governed by its Arricle5 of A550¢la￿(In lasr amended on 8 September 2015. Governing Body The Governors aim to achiève a wide spread ofknowledge and experience dmong5t it5 Board members in grder to fulfil its sututory obligations and ￿e￿rMIne the aims and overall conduci of the School, When Wdcancies on che Board arise, nominatyons are received and decisions on whom to selett lor appointrnent a￿ made ai a general meeting Df the Board. This procedure is reviewed by the Governance & Risk Management Committee of the Board, prior to decisions b*ng taken at lull Board meetings. It is the Governor5, poliry that all Go¥ernor5 will be aPpoin￿d to serve on at least one Committee of the Governing Botrd. All Governor5 serve lor an initial 3-yw term after which (hey become eliy'ble for re-election for up further 3-year terms. All Governors retire auromatically at the end of their third 3-yoar term, with Ilmited &Kceptions. Governor Training New Governors are indutted into the operntions of the School. and of the Group a5 a rwstered charity. including Board Policies and Procedures. via 74n initial information pack provided by the Bursar. as well as by attendance ar Board Meetings and during terni-time. at Governors, Days and Parenr l Teacher meetings. Workshops for ￿1 Governors are held on an annual basis. usually on a day that coincide5 Wlth a fvll Board of Governors Meeting. They are a150 encouraged to attend external courses run by AGBIS and other rel￿nt prolessional Owdnisations. Organisational Management The Governors meet as a Board at least three times a year to detsrniine the general policy of thÈ School. as well a5 reviewing its overall management and control. lor which they are legally re5pon5ible. Implementation of the Board's policies are carried out by several committees ol which the principal ones are the Edvcation & Welfare Committe4 Ihe Finance & Foundation Committee, the Estate5 & Premises Committee and the Governance & Risk Management Commlttee, all ol which meet at least once a term. These Committees are currendy chaired by Luke Herbert (Educatyon & Welfare). Colin Cobain IFinance & Foundation). Brian Day IEsrate5 & Premises) and Maxine Hulme (Governance & Risk Management)- PaEe I Reigate Gi"ammar 5chth)I Consolidated financial Siaiements for the yeas eiidEd 31 Aiigu5t E022 The day-to-day running ol the three schools IFieigate Grnmmar School. Reigate St Mary's Preparatory & Choir School and ch￿n[hUrst School) is undertaken by the Headteacher5 of each school and the Bursar. These four individuals are the key management personnel. The Board sets remunerarion, with the policy objective of providing appropriate incentives to encourage enhanced performance and of rewardin8 fai￿Y and responsibly individual contribution5 to the School's succes& Objects, Aims, Objectives & Principal Activities Our objert remains the education of boys and girls at our schools in or near Reigate. Aims and Intended Impact Within the main objec¢ the aims ol the School ar& To continue the traditions of the School in providing an excellent all•round education to talented students aged betsyeen ¢wo eighteen from a wide range of social backgrounds. To stimulate Intellecfual curiosity in all area5 01 learning aftd to enable students to lulfil thelr ac*demic potenrial. To provide a disciplined and caring environmeni that will encourage boys and girls to develop into morally Socially responsible young people. To provide 11 sttsdents with the essential sWIIs and experiences that will equip thèm for the world outside School. To ensure that the developmenr of these inollettual, physical, creative and social abilitie5 is conducted in a happy and mutually re5pecdul enwronmenL Ethos The School is a charity that seek5 to proMde the best possible education to our students and thereby to providè public benefit. Ovr fees are set at i level to ensure the financial viability of the khool and a¢ a level that is consistent with the above aims. Our School is committed to Safeguarding and promoting the welfare of our students and we expea all staff and volunteers to share this commitmenL The School'5 child protection policie5 may be accessed in lull on our websites. Admission to the School The School weltomes students from all backgrounds. To admit a prospective 5ttJdent. we must feel reasonably sure that we will be able to educate and develop the prospective Student to the best of hi5 or her potential and in line with the general stafidards achieved by thE Stsjdent's peers. Entrance interviews and, where appropriate. academic 3sse5sments are undertaken to satisfy parents and ourselves that potential studenE5 can cope with Ihe pace of learning and will benefit from the education we provide. ProspecuvÈ students are judged solely by the above triteril which are publithed in more detail on the School's website& The School 15 open to all srudenrs who meet these criteria re￿rdlesS ol economic status. gender. ethnicity, race. religion or disability. Our School prides itself on being an inclusive instiiution thai embrace5 equ￿ opportunities for all. We xre committed to providing an enwronment that Is free from any form of discrimination on the grovnd5 of colour. race. ethnicity. religion, gender, sexual orientation or disability. We make reasonable adjusEment$ ¢0 meet the needs of 5talf or students who are or become disabled. Grant-making policy This academic year the net C05t of stholarshlps, bursaries. sibling and staff discount5 made to the School's students w £3.713,94712021.. 14.017.325), which is 11.8% of gross income12021: 14.1 %). Details of the value of awards are also set oy¢ in NO￿ I to the account& a) Bursaries The Governors are determined to ensure that they provide education to studenis Ir?m a wide range of background5. To achieve this aim, funds are prO￿ded each year to help families who cannot afford the lull fees. This provide5 as515t*nce to those who meet our geneAI entry requ1￿Ments and awards are made solety ¢)n the basis of parental mean5. All bursaries are means-tes¢ed, including Harrison scholarships. Gershon scholarships and 1675 scholirships. Fund5 (or the Harrison. Ihe Gershon and 1675 scholarships are all obtained Irom extern￿ philanthropic donations. page 3 R£&igate Giammar School C011501id31ed FiiiA?Iiial StJlemenl5 fur Imè year ei)ded 31 August 202B In 2ssess*ng pareftts, means. we take a number ol factors into constderdtion indudins farnily income. investments and saving5. and family cirtumstances, for ex2tnple. dependant relatives and the number ol sibliry. The provision of fund5 trom external 50urce5 as a contribution towards funding our awards helps rhe School ITh its objettive of ensuring balance be￿eefi lee-paying parents. many of whtsm make considerable personal Sacrifices 10 fund their child's education. and those benefiting from the a￿ard& The v￿ue of a Bursary ranges from IO% to l 00% remission of f￿. In eases of oxtreme hardshipi we sometimes also offer help with extras such as schod transpor¢ ILsnthes and uniforni. Information about our Bursary 5cherne is included in the pr05pecw5 ar7d on the School's web51tè5. We also advertise our awards regUla￿Y in the local press and via leafleL which is distributed widely in the local area. Harrison Scholarghips (Reigat¢ Grammar School only> The School is delighted ro be able to work with a local charity. The Peter Harrison Foundation. which for many ye￿$ ha5 provided a level of idditional financial assi5T3nce to students of the School over and above that prov5ded directly by the School itself. Familse5 who live in the borough of Reigate and BansEead who are applying for a place at Rei8ate Grammor school and who alrwddy qualify for a Bursary rnay a150 recelve fee assistance from the Peter Harrison Foundation (Charity No. 1076579). Approximately fosjr students eath year receive such a5515tance and are known as Harrison Scholars. Further details of the 5cherne cdn be found at onf un 1675 Stholarships (Reigate Grammar School oDly) From donation5 provided largdy by 21umni and others wirh an in¢erest in the School's wellbeing, the 1675 8ursary Fund 5UPPOrts the provision ol 1675 Scholarships. During the academic year. five new 1675 Scholarships were awarded 12021.. eight), bringing the total number of 1675 Scholars currewly in school to 3912021.. 42}. including one Gershon scholar. Details ol the 1675 Bursary Fund can be found in Note 16 on pages 40 to 43. and thÈ role ofthe RGS FOUnda￿on is described on page 16. Temporary Bursariés These provide short-term assistance only and are offved w relieve hardship where a student's education and luture prospetts would otherwise be at risK for example. in the case of the redundancy of a parent. b) Scholarship policy (Reigate Grammar School only) The purpose of our scholarship awards is to recognise etther high academic potential. or the ability to excel in 5porL Music or the ability to excel in our extyt-curricular activities. Scholarships are awarded with a remissson of up to 30% of lees per annum, but where further assistance is required. awards may be supplemented by a means-te5ted Bursary. We adveruse the availability of scholarships regularly in the local press and dirertly to lornl schoo15. Further details ol our scholarship5 are aVaila￿t on our website. c) Choral Scholarships During the year ended 31 August 2022 the Godfrey Searle Cholr, a semi-professionil choir of boys and girls which draw5 its boy5 and girls exclusively from the School. provided scholarships wlEh a fixed rernission of fees ranging between £ 1,000 and £2,800 per annum in return for sinprTrg ai services in SL Mary's Parish Church ind elsewhere. Children normally enter the choir at the age of eight whilst at Reigaie SL Mary'5, but tan conunue through to the Grammar school until the age of13. The thoir makes a major contribution to the musical lifè of the School. d) Siblrng discounts To undeAine the value we place on continuity for families, we offer sibling discounts where parents have more than one child at the School.. a 5% di5couni is allowed in respect of the second child, and & IO% discount for the thlrd and any subsequent Children. e) Staff discount In order to enable u5 to attract and retasn the very best quality staff, we offer a discount 5¢hwne for members of staff who educate thelr children at our School (subject to the normal entry requirefflenis}. Objective5 for the Year The princ(pal objec¢ive for the year has been maintaining and Improving the educational provision acros5 the School. This include5 not only the acadernic standards as measured by public examinatyons, but also the extra-curricular Ikfe of Ehe School. From March 2020 onward¥ the key priority has been to continve to provide a high-qU￿ltY educ&tion co student5 throughout the Covid-19 pandemic. including during the natyonal lockdown5 2nd when pup41s are self-isolating. This has included using a variety ol online i¢)ols from online lessons on Teams ro applications such as Firely, Seesaw and Tapestry to lacilitate learning and promote mental wellbeing to d)ildren of all 4e5 111 the school. Thi5 was a page 4 Reiqale Giamrrii*l' Schwl Coiisolidaied Flnènclal Statements for ihe year elided 31 August 2022 parttcular pritsr¥ty during the eaAier pfft of the 202112022 academsc year before Covid.19 re5tricuons were eased in the latter part ol the year. Other objttuves have included.. The maintenance Of 5tudeThi numbers a¢ R￿gate Grammar School above l.QOO. Rewate St Mary'5 above 370 and Chinthurst School above 250.. The prgvision of continuing support ol our studenrs already in receipt ol fee assistance through Bursaries,- To continue to develop and extend rhe School estate.. and To rerain and develop gur teachlng and support 5raff. In setting our objettives and planning our activitie5 our Governors continued tow've Careful consideration to the Charity Commission's general guidance on public benefiL Strategies to achieve the year'5 objectives Each year, the Governors agree the school Development Plan for the schools. These plan5 Qutline attions and target5 for each of the strategic priorily medium term development goa15. Goverr70r5 review progress for each of the medium- term development goa15, which have a strategic priorlty at the appropriate committee meeungs and at each lull Board meeting. The impacl of the Covid-19 pandemic on the school's immediate strategy on education, finances. health and salery and Staffing has been covered by the various Committee5 and in full Board mee¢ing5. The continuing impr¢)vemenr of academic Standards at Reigats Grammar 5¢hool is achieved by further usè of valu added data to track the progres$ of student5 against national standards supported by an extensive performance managetnent System to dd¢ver high quality professional development ro all tsaching staff. The school a150 remains committed to its sporting and cultural programme and ha5 ensured that studenu continue to receive the broadest possible range ot opportunities. Ar Reig&￿ SL Mary's the System of staff performance rèviews has continued to ensure buth consistency and delivery of quality throughout the school. Head5 of Departmentare required to draw up actyon plans for their areas of responsib+li to meet the objecuve5 of the School Development Plan. The enhancements previously made to the admissions proce5S to ensure bet￿r r2rgeting and follow up of all potentially interested parents haye again proved to be Yery effecrive with student numbers remaining tlose to full capacity on 31 August 2022. At Chinthurst School additional market re5e2rch has been performed to ensure that the school focu5e5 It5 resources the right areas and a150 puts in place mea5ure5 to streng(hen Ihe marketing and PR of the School. in order to continue to expand it5 ptspil numbers. Chinthurst recruited addiuonal teachers and teachiog 5UPPOrt staff to ensure it rerains quality teaching PrO￿510n for its pupils. Principal activities of the year As stated above. the Charity's main object is the provtrsion of day school education. in or near Reipts, to both boys and gir15. Students up ro the end of Year 6 lage I I l are educated at Reigaie Sr. Mary's or at Chinthur5t School and those in Years 7 ¢0 13 at Ke1£a￿ Grammar School. The objectives li5¢ed above had all been met by the end of the year. Student numbers in Rel￿te Gramm3r School reached 1.082. with Reigate St Marfs and Chinthurst ending the year with pupil numbers of 388 and 277 respectively. Ftstsbre applications to all three Schools remain healthy. At RGS there are 1,087 pupils in the 2022123 academic year. wlth RSM maintaining pupil numbers at 402 and Chinthurst increasing their pupil numbers to 282 by the Spring Ter 2023. The Governors. pglicy is to set tuition fees at a level that Covers both ongoing gperational costs and the need to reinYesL a5 appropriate. in new facilities. The ￿rmlY fee5 for the 202112022 academic year were £6,875 for Years 9 3nd above and £6.775 for years 7 2nd 8 per rerm at Reigate Gr3mmar School. and a maximum of £5.420 per tsrm at Reig&te Si. Mary's and at ChinthursL Termly fee5 for the current academic ytdr 2022113 have been set at £7,195 for Years 9 and above and 17,050 for years 7 and 8 and & maximvm of £5.670 lor both Reipte SL Mary's and Ctrkinthurs¢ an increase of be￿een 4.05% and 4.65% over those for 2021122. ge5 Reigate GrarDmèr School Consolidated Financial StatenieiitS loi Ihe year eftded 31 August 2022 Public benefit The School demonstrates it5 public benefit in the following way5-. High quality educatlOD. The School provides a public benefit through Lhe provision of highquality education. In 2021122, over 90% of Year 6 studenrs at RSM were awarded places at RGS, whilst 25 Chinthurst pupi15 accepted places at RGS {whith is 75% gf pupils). amongst other independent secondary schools. Ai RGS, 97% of all grades were A* to B. with 79% of grades being either A or A* We are proud to note that we have a 100 per cenr pass rate for the 20th year runnin& Large numbers of students stLHly these subjects, and many go on to 5wdy them ac university. At GCSE over 53% of grade5 awarded were grade 9 with 79% of grades 8 or 9 while 93% of grade5 were 7 or better. Bursaries. The Governors. aim 15 to enable all students who fulfil otsr admission criteria to be able to attend RGS. To facilitate thi& RGS provides means-te5ted Bursaries, and Tempornry Bursaries. which can be up to l 00% ol full feeL In the year ending August 2022. we were able to provide bursary funding worch £2,362.045 {2021-. £2,288.721}- A proportion of these bursaries are funded by the School's 1675 Bursary Fund which contributed £1,000,000 (2021.. £700,000). an external charity, the Peter Hirri50n Foundation (Charsry No. 10765791, which provided £120.307 12021.. £122,015) ol fynding for a number of addityonal places at RGS. u well ￿ a Bursary Fund established by Sir Peter Gershon to support individuals who excel in STEM subjects. After the contribution ol the RGS Trusi to bursary lunding of £3,000 in the year 12021.. £3,000>. the net cost of bursarie5 to che School was £1,238,738 {2021.. £1.463.7061. In case5 of exireme hardship. the sch¢)ol also subsidi5es other expenses such a5 uniform, school meal& trdnsport and School trips. Partnerships and use of facllities. Throughout las¢ year there were several Outreach Yentures by the Reigatian Community. At RGS. in the Autumn Term we ran two Master Classes lor our lotal primary schools. The English Master Class was hosted by our teachers and sixth form pupi15. Classics wa5 run by the Classic5 department with the help ol its A Level ptspils. Both were wonderfully received and enjoyed by our local community. In September we Saw our'Electives' progrdmrne running for the second year for the Third and Fourth form. StudenT have had the opportunity to go to help younger pupils w+th their reading at our local stite pritwTraries of St john's, Rei¥dte Parish and St joseph's. Pupils a150 made a weekly v*si¢ to Beaumont and Eversfield Care Homes where they played cards and scrabble with the elderly residents and performed music lor them. Pupils 21so took part in the Elective to Stripey stork, a chariry for vulnerable local families, where they helpEd with sorting items in their warehouse and vlth raising a￿areneSS, and Loveworks. our local Foodbank. We a150 have some of our pupils ollabor3ting with The Orphws Ctntr4 a school for 16+ children with special needs, to put on a joint music and drama production at Eas￿r. Throughosjt the year we have also reached out to our RGS community to help with donating stationery, toiletries. and coats to the charity'stripey Stork, for children of vulnerable families. We have carrSed on our Partnership with local charity'Lovework5'. and pupils of the third form have been visiting the warehouse weekly. and raising awareness on the streets of Reigate. December saw the annual collecuon ol food from all pupils for Loveworks. to help create hampers for the horneless and those on low incomes for Chris¢ma5. Throughout the year RGS ha5 ￿s0 hoS￿d tsrmly foodbank donation drops where parent5 and the local community can drive through the playground and donate food item5. In October one ol our own pupils sold Krispy Kreme donuts to help raise money for Woodfield Special Needs school and we also did a non-uniform day to raise money for the Sarne cause. In November we held a non-uniform day to raise money for Children in Need. At Christmas we had a non-unifomi day Eo raise money for George and the Giant Iledge, and we also sokl sehool c21endars to r&ise money for Loveworks. Stripey Stork and George and the Giant Pledge. Recently we pamered with our local branch ol The 52maritan5 to toordinats a mobile phone drofv whereby they can use old phone5 to help ro rasse money and awareness lor The Samaritans. First and Second Form studenrs baked cake5 for the M*tMillan B¢g Coffee Mornini. ai Christma5 ttme all the pupils Df the First Form wrotr Xmas cards to the residents ol the Live at HoTne Scheme. l* Formers also took part in a ant Zumbathon to ra15e money and awarenes5 for Lepra. Some ol our pupi15 haye also helped with the Reigare Parish Primary school sports day. yiving up their time to help coach ind umpire. Our Music departrnent has also seen paBP 6 Reig3te Giammhi. School . Con591idate(t Fininci¢il Staiemen t.or the year ei)dgd 31 Auvust 1022 some of its members ol staff visiting the Lime Tree School and St John's this year to give music le550n5 to their pupils. House Charioes have also continued to raise awareness and money for local charities. with Cranston making George and the Giant Pledge their House Charity. Throughout the year we have lent our minibuses to many local schoo15 and charitie5. OLbr head ol Careers 2159 regularly volunteers to go into Stt￿ secondary school to y've careers advice and mock interview5. At RSM the Sports Hall is used widely by local communiry sports groups for crickeL badminton, five-a.side football and by local youth groups for both the Baptist and Angliun churches, including Sunday morninK church activities. At Chinthursc the Sports Hall is used by extemal club5 and the local resident 35sociation, and swimming lessons are provided to local children in the school's on.site swimrnrng ptsol, including children from a local stste school. The Arts. Thè School pr￿ideS a publlt benelt by promoting music, drnma and arL Concerts and plays are held regularly. often outside the School and open to the publ?c. Local primary and preparatory schools are often invited to perlormances at no cosl both for school productions and for perforniances yven by outside group5. The Godfrey Seade Choir. a 5emi-profession31 choir of boys and girls, with Some adult chor+s¢er5. 5bng5 5erv*ce5 regularly at churches In the local irea a5 well as further afield. and RSM is a member 91 the Choir Schools. Association. The RGS Activitie5 WeeK which runs for a week at the end of each summer term. hold$ performances. exhibitions and workshops, which are open to the publfje. RSM has developed relationships with lod care homes providing luThd raising. RSM pupils also provide Harvest donations to local charity. Lovework5, and the Choirs sing for the elderly. They contribute to the Reigace Chris¢ma5 Fair and produce art for residential care homes. At Chinthurst pupils raise fund5 lor different tharitie5, such as the local food bank and the Red N05e Day appeal. Chinthurs¢ has a strong relaiionship with the local church. regularly raising funds to support them. Sports. The School provides a pvblic benefit by providing coaching in amatsur spor¢s includlng rtsgby, lootball. hockey, netball, rickel athletics, tennis. badminton, squash. golf and swimming. Students are encouraged to develop to the best of their ability and many have gone on to county and international honour& SuJdent5 Irequendy play for local clubs especially the Old Reig2ti2ns Rugby and Hockey clubs, and Reigate Priory Hockey and Cricket clubs. Outdoor Activitie5. The School promote$ a healthy lifestyle amongst its Student& includtng taking part in outdoor activitie5. All students over the age of 14 are encouraged to join either the Duke ol Edinburgh Award Scheme or the Combined Cadet Force, both of which teich l&dership skills. self-reliance, teamwork, and community understanding. The Combined Cadèt Force also contributes ia the promotion of the efficiency ol the Armed Force5. Strategic Report Review of Activitles 2021-2022 - Relgate Grammar School Examination Results ReigaTe Grammar School's A Level result8 Wlth 97% of all grades being A* to B. 79% 01 grades being either A or A* and 100 per cent pa55 ra￿ for the 20th year running demonstrates the continved success of the school. At GCSE over 53% of grades awarded were grade 9 wsth 79% 01 grades 8 or 9 while 93% of gr3de5 were 7 or better. For the seventh year rvnnin& all Reigate Grammar School students applying to medical, dental and veterinary 5choo15 gained an offer aThd secured their place. This is testament to the 5tudenis' hard work the dedicatton of their teachers and the effertivene5s of the school'5 programmè which prepare$ students for medical sthool application. Careers and UCAS The Careers department held careers talks every two weeks providing up-to-dace information for students on a wlde range of career option5. Working online brought wide-ranging talk5 &nd we now have a large bank of rKorded presentations on our Ca￿er$ Presenrations Microsoft Team. As we came out of Cowd we Tan 2 mixed programme of online and face.to-f3ce events.. there was a be5pgke evening on He￿th Career5.' one on Green and Env4ronmental Careers., and one on Law. The Higher Education Information evening with Mike Nlcholson (Director of Undergraduate paee 7 Relgate Giammai. Schvvl Consolidated Financial Staiemc'nts loi. the year ended 31 A4Agvsl 2022 Admissions and Outreach at the University of Bath) took place online including breakout sessions on Oxbridge admissions and degree apprenticeships. We also held a hugely successful Higher Education ConverTrtion onlin& in which we heard from 30 student5 direct from thwr universitie5. Students also enjoyed a face.to-hce Q&A with former RGS university students about Iheir university COUEses.' S￿dents were helped to Prepa￿ for university interviews at the interview evening and MMI evening5-, Fifth and Lower Sixth Form Studen￿ took part irj a careers profiling and interview exercise.. and students and parents were invited to attend a CV and interview preparation evening. Every year group had a ￿reer$ lesson durlng Careers weel and FourLh Form 5tvdents all undertook a 5-week careers course. Lower Sixth Form students had a UCASlalternauves preparation totsrse, rwo UCAS days and trips to University of Oxford and 8aih University. A weekly new51etter included feedback from sttsdent5 on their university courses and idea5 for online courses. work experiences reading that 5tudent5 could undertake at home. In addition, the Career5 department offered feedback on swdent Cvs. Combined Cadet Force (CCF) Numbers continue to grow in the CCF reachiwtg a high of 70 cadets on our books. Thi5 year we are deltghted to have started a partnership with Reigate School welcoming ten of their students on a weekly basi5. Th¢s was parucularly IMPOr￿nt lor us to be able 10 share this unique opporrunity with a local state school. Parallel to the partnership, we have lor the first rime In recent history open the DO￿ bronze award to cadets. This 15 a step wwards increasing numbers and widening the outdoors educar40n provision the sehool. Agaln, this year 50me outstan&iDg individual achievements with, for the second year in a row, a Senior cadet b*ng appointed Lord Lieutenant CadeL allowing her to attend prestiyous events aThd meet with members of the Royal Family. The Corp5 of Drums is thriving with record numbers and i growing reperwire. HighlTghts of this year have been our visit to a local care home, playing for the residents arbd mtsre recently a trip to the ROYAI Hospital Chelsea for performance in front of the pensioners. Our trip to Canada was a frank SUC￿$$ with overwhelmsng positive feedback received from parents and s¢udent5. We look forward to more trips and opporrunities in the months and year to come. Drama Drama performed a full programme of shows for the first time since 2019 thi5 year, Induding a full-scale production of the classic musical Oliverl in the Concert Hall in December. Over l 00 swdents took parc onsfage and backswe, and the show was brilliantly received by sold out audiences throughout its run. including a full maDnee of students from local prep and primary school chilflren. The autumn term Saw full attendances ar the junior Monologue Slam, whére students performed for a panel of inyired judges. and the lau¥Jch of the Masterclass programme, where visiting the1￿e professionals came in to share their skills across a range ol disciplines. Theatre trips for various year grotsp5 saw The Woman In Black The Ocean At the End of the Lane, Oleana. A Number. & luliec Harry Potter and the Cursed Child, Camp Seigfried Istarring Reigauan Lauren Kostsr). In the Spring term, the cOn￿rt Hall was tran5forrned Into a forest floor for Monstrous Stories, a new adaPta￿On based on the be5t-selling novel A Monster Calls. In the summer rerm. alongside a Shakespeare Slam and a Choreography Slam. eigh£ Second and Third Forni students toured to local primary schools to perform an educational puppet show about Iriendship and loneliness. The Concert Hall wa5 a￿￿n Irdnsformed. thi5 time co fairy-r2le Bavaria. for the junior production Hansel + Gretel. The show featured a live Kudent band, as well a5 over fity students from the Second and Third Fomi. Exarn Drama continued to stretch and harness the political xnd social brain5 of the student& with GCSE deYi5ed performances exploring topics including loneliness. poverty, mental health, the justice system and mtssing children. GCSE scripted exams ranged from Harold Pinter to Caryl Churchill. and were excellendy received by the exam board, who were efftjsive in their praise for the depth and quality of the work. A Level work included i reworking of the musical Dear Evan Hansen to look at the treatment ol Na73nbn Zaghari-Ratcliffe, a verbaiim exploration of wofflen's salety at nighL using extracts Irom the musical London Road, devised piece5 Ir)oking at the threat to demo¢rdCy ol populist leaders, and scripted performance5 from lean Paul Sarre's Huis Clo& Duke of Edinburgh Award (DolE) RGS has had another 5ueces5ful year with 220 students completing their Bronze. Silver and Gold Awards and is ever popvlar with another 285 students taking on one of these challenges in 2021-2022. Many of our Gold students were invited to the Buckingham Palace Gardens to collett their Gold certificate5. DO￿ èxpediuons continue to be a highlight page 8 Reigate Grammar School . C0175rJlid3(ed Fiiihncial.StaterDen15 lor tl)e yehr onded 31 Au4USt ?OZR wlth students. pushing themselves to demonstrate their resilieb)ce and determination. This year Bronze students tompleted expeditions on local terrain. exploring new lootpachs and campsites and learningto hone their newly acquired skills. many camping for the first tiffle. Silver award student5 were challenged with the North and Sovth Downs for their practice and qualifying hikes, hikn.ng over 130km in total. The Gold students explored the Brecon Beacons and Mi Wales. The qualifying hike was a parricular challenge wich temperature5 arouad 30"C at Dmes but all Succeeded in these ies¢ing times. In additson to the expeditions. our DO￿ srudents have completed thousands of hours of volunteering as part of the Award. hdping local charities. environmen[ and the community. DOE a150 provides students with the opportunity to dedicate time towards improving a sknll Ind sport. or simpty crying something new. RGS consistently appears as one of the most successful DOE school unit5 in the counrry. House System The House system &t RGS is embedded not just in a compevtive sense. but in continuing to ￿0w 3 Sense olcommyniry Irom the oldest to the youngesi students. This is evident in the enthusla5UC SUPPOrt at all events and pirticipation in weekly House a55emblies. Whilsr Ihese took place virtually up to Ihe end of the spring term 2022 10 maintair* Covid- sale guidelines. the sense of community spirit remain5 a central strer78th to the RGS provision. House Singing Iwith both uni50n and harmony performances from each House) set the tone for the year to come as a harmoniou5 delighi filled rhe playground. Other House activitie5 such a House Chess, Gun knn, Bake Off, lun¢or and Senior Debating and the Junior Quiz were is hotly ttsntested as ever. The House Spons Ctsp wa5 contested with the USU￿ gamut of sports including well.supported Sixth Form Football. House Goll and Swimming whilst events continued to be held throughout the year in 5UPPOrt ol the joint House Chariries. With the need to maintsin s¢xtal disrancing the student House leaders lound an ¢ncredible nufflber of ways to keep that House spiritgoing. especially when working virtU￿lY. From trick shots to baking competition5. House acvviue5 centred on fun. ccmmunity and participation ro keep studen¢s, and staff, in no doubt as zo how integral the HoLtse system continues ¢0 bÈ in these Dmes. Model United Nation5 The Model United Nat10115 Society ai RGS has proven one of the most popular and diverse clLtrbs in the school, particularly among sixth form 5tudeft(s who are interested in pursuing studies in politics, law or medicine. We are curren¢ly attract5ng large turnouts for both our senior and junior club5 which meet weewy to discus5 and debate copical issues which affect us globally. We returned ro a full live programme of cOnfe￿￿e5, including our own ReiMUN Icdebrating ITS 25 ctsnference in October 20211 an(i junior ReiMUN Conferences at which we hosted a range of schools, both Independent and stats, tn a full programme of acuvityes and debates. We were excited to recesve a high level of interest frorn the surrounding are& These conferences offer students an oppor£uniry to initiate, manage and oversee a six-month long projecL urblike wrtually any other club or society. We were delighted to ￿urn 10 rhe conference circuit and aitended conferences at Royal Russell School, Lingfield College in and Haberdashers Boys School. The students had a pjobally positive response to these lively £onferen£e5. many having taken part for the first ume. We were delighted to receive a range of awards at all three and look forward to another svcces5ful MUN year. Music The Musst department returned for the new academic year excited to get back to a full programme ol concert performance5 from informal concerts and Showcase concert5 for 5010i5ts and small ensemble5 to the ever.popular bands, orchestras and choirs which feature in the major concerts of the year. Lsve musical performances continued to be an integral part of￿1 sthool events with open morning, assemblies. services and evening events invariably prominendy featuring RGS musicians. In September 2021, the RGS Music Partnérship Project launched. built on the premise ofenhancing ind developin8 The provbsion of music educatyon in our community. Central to our communiLy music-making was RGS Saturday Music College. creating musical opptsrtunity lor swdents aged 6 to 18 from a variety of education seETings. Events included an ifflprovisaiion workshop with professional jazz musicians, an interactive family concert with a prolessional wind quinte¢ and the RG5 Godfrey Searle Chorister ProjecL inviting young 5inger5 to prepare lor a joiTrt evensong service with the RGS Godfrey Searle Choir. In addition, Music deparcmenr staff visited local primary schools on a weekly basis. working with class tsachers to deliver an engaging and inspiring music education programm@ We have been bowled tsyer by the enthusiasm for these collaborations and look forward to seeing where they might take us in the future. A sell_out performance of Oliver! took place in December 2021. demonstratyng the enviable talent ol a huge number of Ofl-5tage wngers as well as a 20-preee srage band. Singers in the numerou5 school choirs had the opportunity to perform excensively. both locally and nationally. In January 2022, Godfrey Seade Chotr and Polyphony had the privilege of an afternoon workshop with Ralph Allwood at Queen5 College, Cambridge, followed by a joint Evensong with the college choir. All one hundred and twenty members of the page 9 Reigate Grammar Sch￿1 C011501idated FliiaiiciaLSlatEiiiorits lor the yeor ended 31 August 20EI First Form sang as a massèd Chorus in Dorking Halls a5 part of the major choral and orchesrrdl concert of the autumn term featuring all our large ensembles. RGS musiciins returned LO Cadogan Hall in March with a stonking programme from all large ensembles. This concert also celebrated the Music Partnership Proiect in i collaboratiye performance with 120 primary School students accompanied by swdents from RG5 and RGS Saturday Music College. Sn lune. we hosted the second Hartsfest.. our outdoor summer festival of music featuring all en5emble& student bands. RGS Corps of Drums and even some audience participation. Jazz and pop concens included a sell-out Cabaret Nigh¢ the ever-popular Piugged and Unplugged evenings plus our in1ugur￿ jazz After Dark at Kingswood Golf Club - a lantastic evening celebrating our Swing Bands. newly-formed jazz Choir and 5010ists accompanled by a professional jazz trio. Instrumentalists also perfornied in St Mary's and St Mat¢hew's Churches a5 well as In showcases for piano. bras5, byind and string5. We hosted the first Instrumental & Vocal Evenings featuring sitnultaneous multi-venue 5010 and ensemble performance5 from over a hundred students ol all levels of ability and ages. A record number of RGS siudents parttcipated in the Reigate & Redhill Festival of Musi4 winrbing several trophie5 including the Overall Winner's Prize- awxrded to the best of over 700 entries. Academic music continued to thrive with ¢x¢ellent GCSE and A Level rè5uIts. Sport Sport Con￿nueS to evolve at RGS with increasing emphasis on our vision to develop great people through sport. The stories from 5POrt this year have been increasingly rO0￿d in a values-ba5ed and behaviour5-driven approach, where 5POrt is about being part of 50merhin8 bigger than yourself. We balance sport around the two pillars of engagemeni and performance and presented this to parents and pupi15. Since 2021 we have introduced the High-Performance Hub IHPHI, a fully inclusive progr2mffle which provides 2cce5S to experiences and performante habics that are designed to 511PPOrt and challenge in equal measure. We want to nurnire risk-taking, determination. authenticity, selllessnes5 Ind adaptability in all students as we believe this is how we will enable swdents to flotFrish. HPH T￿kS and workshops have focused on nutrition, sleep habts. psycholoycal 5ki115 and student workload awareness. This focu5 on holistic developmenr and developing great people through sport has underpinned the approach throu8houL For our senlor male and female cricket scholars and our hlgh-perftsrmance indoor hockey squads, there have been weekly lor Morel 5esslons rhroughout the off season to enable them to prepare lor the upcoming competyiive phases of their respertive programmes. These have been well attended and allowed our coache5 to provide an individuali5ed and bespoke programme of developmenL In a similar vein. the Athletic Development Programrne ha5 enabled students to acce55 sessions befor< during and afLer school. It has been great to See 50 many First and Second Form srudents in parricular attending thèse. Saying the foundation5 for great movement and engagement in sport as they move through the school. PE and Games lessons hive been r￿eSIgned to focus on different goals.. The Physical Educatyon programme nc)w Uses a modular appr03ch including.. Healthy Lile5tyles. Creative and Athletic OevelopmenL Aquatycs. Invasion Games. Ne¢ Game5 and Striking & Fielding knivities. Games is more focused on developing team5 and preparing pupils lor competition. After-school clubs and attivities programme tonttnue from where the games programme stops, we now offer over 60 weekly sport5 clubs where student5 ran further develop their passion in spot( and physical acuv+ties. Our top teams continue ro excel with the l st reams in netball. crickei rugby and h¢xkey all progressing fhrough the eaAy round of the re5pertive National competition5. Concinuing a long-stsnding trend we have double figures of pupils representing the counry or in equivalent Academy development programme5 in netball. rugby and hockey. In cricket three of the nine player5 selected for the South-East Stars Elite pathway programmè were from RGS. Our senior girls swim tearn retained the Surrey Chafnpionship trophy for the third consecuuve year after stand-out performances at thè Guildlord Spectrum and we had individual winner5 in the Qjunty 50m and loom competityons. 29 biathletes qu￿1r1ed for the National competition. There are now 150 pupils artending football pracuces on a weekly basis with a full ￿0 Eerm fixture programme place. Our golfers won the Smarden Bell Trophy and won the British Championship Pairs competition. There are now 35 competitive spor15 across nine distintt categorie5 of sport with the latest introduetion ofjudo into the curriculum and co-curricu12r programme proving to be highly popular. Our crsckeiers now have identical winter net5 programmes for both boys and girls. Academic PE continues to thrive with out5randin8 resulrs. 45 pupils sai a PE GCSE wiih 64% achieving a grade 9 compared to the school average of 51%. Our six A Level ststrdents athieved Ihree A* and three A grades. All BTEC Sport students gained triple distinctions and thus accessed Rijssell Group universities or Big Four Accounting Apprenticeships. Reisato Gr8rninar School Consolidated Fiiiai)cial Slatemenls for the year ended 31 Augijst 2022 Review of Actlvlties 2021-2022 - Reigate St Mary's Preparatory and Cholr School During the academic year 202112022 school operation5 Started getting back to normal lollowing rhe Covid pandemlc. However. at Christmas increases in case5 meant tha¢ a variety ol high-profile PR events including Chrisimas concerts had to be cancelled. De5P(te Ehls the icademic year wa5 surprisingly successful W￿th 90% of our Year 6 moving to our Selective senior school Re18a￿ Grammir School, three to Dunottar School and one to Manor House including a total of l 0 Scholarships. Estates Improvements and developments included the building ol a new four classroom block for Years 5 and 6 with State-of-the art insulated rooms with air-50urce heat pump5 improving our ecfrschool credentials. Residential trips to North Wales resumed for our senior pupils and our Fores¢ Sthool owtsite facilitie5 were thjrther improved for the use af ehildren across the age range. Professional development train%rbg lor staff included more sifeguardSn& fir5¢ aid, diffe￿ntiation, study skills, BAME philosophy tor thildren and an inclu5ivlty audiL Benefits of adaptation5 for Covid-19 ha5 meant thar the school has contynued with a number of or71ine rraining and ififorrnation meeungs for parents 2s well Is tontinulng with our online learning platforms. Firefly and Tapestry, srj that there is greater partnership between the school and parents. Community gutreach which was hindered during Covid lockdown a150 Started to resume with ouireach events to the dderly in the local community and fund raisinglor a number of causes, both local and nationa5. The school also contynues to 5pon50r S children in developing countrie5 through the charity Compassion enabling them to have an education. a healthy meal and medical and social care where needed. Review of Actlvltles 2021-2022 - Chlnthurst School Durin8 the 2021122 academic year, excellent result5 were again achieved. with 33 Year 6 children all ￿ining places at the schcKJl$ ol their choice. Out of this cohort 25 accepted offers from RGS (this was 75% of the year group). Two children {6%1 accepted offers to Cranmore, two children16%1 atcepced offer5 to Dunottar. Thvo children16%1 accepted offers to Epsom College, one child 13%) co Box Hill and one child (3%) went to Glyn. Offers were received from St John& City of Freeman's School and Homefield. 12 RGS Scholarship5 were awarded16 academic. 5 sport and I music}. In September 2021 the 5PQrts department pioneered a new concept of lully mixed sports teaching throughout the hool. where following a rrial in eicher football. rugby. hockey or netball. each child wa5 free 10 choose which sport they played regardless of gender. Our new mixed teams demons¢rited strong performances in all four disciplines, with excellent results achieved tn fixiure5 icrtsss the board. The suecess of this scheme ￿￿lted in the school being awarded the highly sovght-alLer Independent School ol the Year for Sporring AchievemenL The music department a150 Saw significant changes with the appointment of a new Head of Musit and as such musical opportunities grea￿Y increased during this year. A new Chinthurst mixed instrument ensemble and new Lirde Voices choir for Years l and 2 was introduced to compliment the Years 3 & 4 3nd Years 5 & 6 choir5. New insrruments purchased to increase more prdctical musicianship in lessons Wlth all year group5. 20 violins lor Y3 class teaching, Class Set of Samba instrurnenr5. 20 Ojembe drums, 24 Ukuleles. Three additional peripatetic teachers were employed to leach violini piano and trumpeL The number of children leaming a musical in5trumeni iftcreased co 59% in Years I to 6. During the 202112022 academic year S I children were entered in the spring term for their LAMDA exams. with a further 57 children in the summer rm. This year brough¢ fvrther improvements at Chinthurst with the installarion of new double*glazed windows throughout Morris House. as well as repairs to the flat roof and general refurbishment of the building. The library was updated and refreshed to create a more child friendly space. incorporating new 50ft furntshings and a smart new media zone. The swimming pool boilers were replaced with a more energy effictent 5y5tem and the sports hall also received a minor revamp with the re-plastering and painting of the walls as well as the replacement of lightir*g in the sports hall changing areas. The sporting facilities were further enhanced with Lhe forwng of a business relationship with Tidworth Leisure Centre to improve the lacilities offered for lootball and hockey. The security system at the school w15 upgraded with tritted time Coded entry to the gale and an Inventry sign.inlout system for guests and staff was installed. The school also received the recognition of an Eco Schools Green Flag for i¢s efforts to continually improve its sustainability and further enhance its eco-credenvals. RGS International RGS International Lrd {RGSI) was established five years ago a5 a 100% owned tradSng subsidiary of Reigate Grammar School with a strategic visiori to establish Brit15h-style schools around che world under licence TO RGS. RGSI aims to deliver an increasing international dimension to the undersunding ind experiences of our pupils,. financial support lor page 11 Reig8le Grammar ¢JchDAI Con501idated firiaiicial StaleTn¢i)Is ro¥ the year ended 31 Augkist 1022 further Investment and bursaries; and the oPpOr￿n￿ty to enhance the educa¢ional experiences and outcomes of pupils in countries with less developed edLtcation systems. We consider RGSI expansion opportunitie5 carelully and only pursue these If we are satisfied that the Internation￿ schools share our ethos and values and we are able to exert material inlluence in key areas such as pupil welfare and pastoral matters. teaching and learning philosophy, and curriculum design. RGSI has a schools agreement in China. wi¢h our first school in Nanjsng being now t¥en at both Kindergarten and primary school level. with p1an5 being undeTh¥ay tor other schools. Recent regula¢ory changes in China mean5 that plans for further schools under this agreement are currently on hold. During 2021122 RGSI signed two new multi-school partnerships, one in V*ernam (signed in September 20211 and the other in Saudi Arabia. Two Schools have been re.brdnded to become RGS Vie¢nam kTrd RGS Riyadh. with further schools b*ng di5CUS5ed in both countrie5. RGSI continues to work in other terriwries to diversify its geographical coveraxè and global reach and we art continuing to explore other potential projects. Development of the School estate Acr05S the Keigats Grammar khool grou￿ we have undertaken a number of projects this academic year. At Reiga Grammar Schotsl this has included the refurbishment of the Cornwalli5 buildin& to create a new pupil Reception ￿e￿ and a new Medical Centre. Thi5 has enhanced our laeilities lor students, a5 the Cornwallis building is now dedICa￿d tt> 5wdenr services. We also refurbished a number of rooms in Broadfield House to treate additional office space. At Reigare St Mary s we completed a project to in5tr15 four idditional classrooms, which in turn has allowed other classroom5 Wlthin the school to become dedicated arL music arbd science faciliiies. At Chinthur5t we have replaced all of the old singe¥azed windows in the Morris Building with new double-81￿ed windows. which has resulted in classrooms both being warmer and has reduced energy usage. Plans for the future During the 2022123 3cadernic year, the schools continve to largely focus upon repair programmes for the Khod Èstates. At RGS we are in the proces5 of Seeking planning for i new Sports Hall. Throughout the year we have been devEloping the conceptual design for a new Sport5 Centre to establish the best location and outline design In order to lormulat our planning applicatyon. We have plans w improve the School esure at each of the three schools this academic year. During the 2022123 academic year at RGS, we are planning to further improve our outdoor spaces for StL￿er￿ts. ovr heating systems and fire and security sysrems. At Reigate St Mary'5, we are plann¢ng two toilet projetts wichin Beech Hou5¢ to intrease the number of toilets for the Reception year group and create i new toilet block which will be used by the whole school. At Chinthurs¢ school we are planning a number of minor projects for the summer months. During the pa5¢year, we hive continued to learn substanual lessons Irom the periods of remote learning in the pandemic and to develop our IT. One-to-one devices have bee￿ launehed at RGS. as we strive to further develop the use ol technology in the classroom across the schools. The school will continue to invest in the IT infrastructure to support the delivÈry of this continued development of IT in the classroom. l three schools are oper2ting with high pupsl numbers and to continue our success as 3 group of 5choolk Our target is to maintain exam results at the Yery high levels ol recent years and to continue to help students on to the best nex¢ step beyond school. In the future that will continuè co be Oxbridge and Russell Group universityes alongside assisting pupils with applications for programs such as degree ¥pre￿￿teships. Reserves Policy The Governors adopt a prudent and tautious approach in managing the financial resotsrces ol the School. They maintain tlose eontrol over expenditure and Set lee income at a level which will: meet all revenue expenditure, a5 well as the cost of providing some bursaries. generdte a surplus sufficient to provide an adequate level of interest cover on Ihe School'5 financing cost$-. provide a levd of cash flow that is appropriate for the financing of the School's capital expenditu￿ programrne; maint21￿ a5 far as possible. stability in 5tudenf numbers,. and page12 Reigale GramiDAI" School Conwlidaied Fiiiancial Stalernoilts ror Ihe year trndeil 41 AugL15t 202Z recognise the surplus lor deficit) on the Surrey County Counol defined benefit pension scheme, which we have recognised as zero as at 31 August 2022 {2021.' a deficit of £3,854,000} and which is classified within the general Funds of the group. When in a deficit posluon, (his represents a long-term Obliga￿0￿ in respect of some of iu employee5 but it does not represent an immediate call on the Group's resources so ihere is no resultant limitaoon on rhe application of the Group's genernl fund or of ir5 restricted l¢Jnd5. The RGS Charity ha$ nine restrirred funds totalling £4.5m, as follows (please refer to Note 16 for more details): The RGS Foundauon was set up to hold monies from fundrdising undertaken by the khool. Ml monie5 reteived have been credited, on the inxructions of the individval donor5, either to rhe 1675 Bursary Fund Iwhich has £4.4m at 31 August 20221. or to a General Fund (which has £89k at 31 Augusr 20221- In the prior year. the school wa5 &fEed a property in Monks Walk. Reigatq in the legacy of a former tsacher, Mr Robin Bligh, which has been valued at 1800.000. Now that this has been 501d for £971.232, the fund5 have been moved to the 1675 Bursary Ftjnd. There are eight smaller restricted funds. with their associated values as at 31 Au8U5t 2022, with the most notable being.. the l 00 Club lund (for providing opportunitie5 for ￿h0o1 trips, £12kl. the Stanleylames Osmond Bequest Ifor the house systsm at RSM, £5kl and the Daniel Clarke fund {£3k). Chinthurst has one fund, the Illing Prize Fund, whith is used towards annual prfjzes &ven by the School, which totalled £9 The RGS Trust has three restricced lunds totalling £2.27m a5 Follows (please refer to Note 16 for more details}= The Paul Bewshea Fund {to provide financial a5SiStanee to students who have shown an interest in aviation or science as a career, £33k}.' The Foundation and Charity Funds (for prizes and awards, £13kl', and The Godfrey Sv4rle Property Fund {creited by the donation of land and buildings by the Godfrey Searle Choir Trust in 2011. £2,222kl. The designated fund5 rÈlate to a bulldTrng developmentlund for the Balance Buildin8 and total £282.81412021.. £282,814). Unrestritted reserve5 (general re5erYesl total £21,691,50912021: £19.460.1091. As a consequence of this approach, all of the School's unrestricted reseryes have been re-invested ¢0 improve the lacilsties of the School 50 it has no free reserves as defined by the Charity Commission. The Governors con51der that the School's assets are 5uffieient to meet its obligations. Financial Results In these Financial Statements for th¢ year ended 31 August 2021 'the Charity. represents the results of RGS, RSM and Chinthurs¢. 'The Group. results include the Chariry, Reigate Grammar School International, the RGS Trust and ReiKdte Grammar School Trading, Limiied for the twelve months ended 31 Augtsst 2021 During the year the Group achieved net income before other recogni5ed gains and Ios5e5 Df 12,367,693 12021.. £2.789.9871. This has been a successful year lor the khool, with excellent results, increased pupil numbers and a stable st2ff body. The overall impatt is that the neE asset5 of the Group increased trom £21343.409 to £28.762,496 dur¢n8 the year. Structure, Governance and Management Governor5. dutTres under Section 172 of the Companies Att 2006 Section I n{i) of ¢he Companies Att 2006 requires that a direttor of a company must act in the way they consider, in good taith, would be rn05t likely to promote the Success of the company for Ihe benefit ol i¢5 members as a whole and in doing 50 have r￿rd tt>'. the likely consequences of any decision in the long term.. the interests of the company's employee5,' the need to f05ter the company's business relationships with suppliers, custoffler5 and others: the impact of the company's operarions on the community and the environment., the desirability ol the company maintaining a repuratyon for high standard5 Of business conducc and the need to att lairly between members of the company. The Governors of the School have undertaken the following meawres to maintasn open working relationship5 and en8a8e with employees at all three schools: Page 13 Relgotc. Gi arnmai khoDI Consolidated Finaricial StalcmpntS for tho year ended 31 August 2022 Governor5 engage with senior staff from ￿rosS thè three schod5 in the Board Committees and Board of Governors meetings which occur regularly during each term. There is ongoing liaison between Senior staff and governors on a range of Mat￿rS ranging Irom educational. estates. financial, Safeguarding. recrvitment to health and safety and the wellbeing of s¢aff and pupils. Governor5 are also in actyye dialogue wilh senior staff regarding any issues or concerns ￿ they arise. svch a5 any parental complaints. Safeguarding or pastoral matters. There is also a designated HR Goverr70r who oversees all HR matters- The progress of all staff. Irom performance to wellbeing, is monitored by the Education and Welfare Committee f the Board. Governor5 meet new sraff who join during the year at an informal event held prior to the first commit￿ meeiing of each academic year. All governors are now available to contact on school email accoun¢5. whith has increased their accessibility to all staff across the ¢hree sch¢)ols.' Through the ongoing dialogue with the senior teams of the schoo15, Governors have been ensuring there has been ongoing informa¢ion and tommunicition with all staff. For example, thts occurs at RGS with weewy suff bulletin a whole ￿tchIng s¢aff weekly meeting.. and Governors and senior staff encourage a culture of opet)ness and discussion, which helps ensure employees are well briefed on developments impacting their er¥bployment. The Governors ensure that they are upto4late and engaged with parents. pupils, the school community and suppliers of the school through the followins Governors wularly attend school evenrs, from concerts 10 art exhibitions to parents. evenings to ensure that they are abreas¢ with school matter5 which impact upon Staff, Pa￿nts and pupils., Governors Continue to monitor and foster the en8agement be¢ween the schoo15 and the community. which has been outlined in detail in the 'Public 8enefi¢' section ol this report on pages 6 and 7. Governor5 have recently been fully involved in our 'lnclu5ion and Dlversity Review, a5 we continue to review Equality, Diversity and Inclusion ol both pupi15 and staff within our sehools. Governors have 3150 input to developing area5 of the curriculum. such as Relationship & Sex Education IRSEI. Governors also review third party reports, such a5 the Independent sUr￿Y Safeguarding fle￿ew {which took place in November 2021 l and Health and Safety rev+ews from the consultants, As5urity. Governors have regard to the need to ensure good working reladonshtps with the Sth¢)ol'$ supplier5 and suppliers are paid on or before invoices are due. Throughout the pandemic. there have been no thanges to the School's payment prac¢ice5. $9 relationships wTrth suppliers are be¢ng ma¢ntained. Risk Management and Internal Control The School mainrains a Major Risk Register which the Goverrwice & Risk Management Committee review5 annually. prior to thi5 being circulated to the Board of Governors. This wa5 fully revised in Summer 2022. The key ri5k5 idenvfied. which are common to most independent schoo5s, are the impact of the present economic Clima￿ on the ability of parents and prospective parents to afford fees Ipartycularly il VAT was levied on school lees), changes in che political cltrna￿ and the challenges which would face the School if there was a major incidenL The Governor5 will contynue to monitor the financial. health and safety and other impacts of the pandemic on the 5choo15 during ¢he 2022123 ye74r and beyond. Every major risk in the re&ster ha5 3 number of Separate actions which are taken in order to rniti￿te them as far as is POS5ible. For wmple, fee increa5e5 are kept to a minimum to ensure that they remain affordable for current and prospective parents and bvdget5 are prepared with contingenties for unexpected events. The school updatss tts FirÈ Procedures regularly and performs rovtine risk assessments of all extra-eurricular ind co-curricular activities. The Comrnittee monitors the effectiveness of internal and oiher controls which have been Instip￿d to mitigate these perceived risks. The Committee also reviews any major risks thai may arise Irom time to time, as well as the 5y5tems and procedures established to m?nage them. The Governors are satisfied that all major rtsks have been mitygared as much as 15 possible. Simplified Energy and Carbon Reporting - Annual Submission for the year ended 31 August 2022 The energy use is predominantly Irom school b4tildings with a Small amount Irom transport which is mainly minibuses. Th*s report has been prepared in accordance with the Environmental Reponing Guidelines january 2019. Oata reported here is based on two applicable Sources. Scope l Direct emissions derived from road fuel use for rransport and the combustion of gas within ST3tion2ry plant and equipment. Scope 2 - Indirect emissions are derived from methred electriciry supplie5 to the ¥ariou5 buildin85 which comprise the estat& page 14 Reiqate Gi ammar school - Cofjsolidated FTrnancial Statements for Ihe year ended 31 Au8ust 2021 UK Energy Use by Scope SCOPE TOTAL kwh USED TOTAL kwh USED 31Au ust 2022 78,156 21,231 25.477 3,319,679 1,396,685 4,841,228 31Au USt 2021 e l -Trans ort 53,445 39.979 46.193 3,866,785 1.241.312 5,247,714 Sco e l -Grounds e ment Sco el-Tem ma uee Sco Sco e 2 - Electriti Total kwh Used UK Emissions by Scope SCOPE TOTAL kgC02e 31Au U5t 2021 18,609 5,520 6.624 597.542 270.091 898,386 TOTAL kgC02e ust 2021 31Ay Sco e l Tran5 ort 12,573 9,469 11,862 708,240 263,568 1,005.712 Sco e l -Ground$ e ui ment Sco e l -Tem mar uee Sco el-Gas Sco e 2 - Elecirici Total Cole Emissions Intensity Ratio It has been decided to use the total fvll-ume populityon ol the schools as the metric for compaftson for SECR. Thi5 cornpri5es the fvll headcount of 5tsff of 445 {2021: 3961 plus the average pupil numbers across the three schoo55 lor the school year 1.747 (2021.. 1,71 Sl. The total population of the schools for the year 202 In2 was therefore 2.19212021- 2,11 l), resulting in the 202112022 EIR being 409.85 (2021.. 476.42} kgC02elper50n. It should be n¢xed that the schcx)l year 202112022 was le55 disrupted by the Covld 19 pandemic and that ¢he school this year was back to more normal operations sive for the measu￿5 explained above. Despite adherence LO the DFE guidelines on enhanced ventilatton a further absolute reduction ol 110,698 kwh of ga5 eonsumption was ichieved. Kerosene heating oil continued to be deployed within a temporyary marquee to relieve pressure on ca￿rIng spice and ta facilitate social distancing during the Cowd 19 pandemic. although at a significantly lower level th&n last year. Emis510n5 reductions during the year Reigao Grammar School have an ongoing progrnmme to reduce energy consumptiorn and hence C02 emisston5, which has been running for some year5 now. This year's project5 have included: At RGS.. Double gla￿ng and a new lobby has been installed to the Cornwallis Building a5 pan of the refurbishment of the same. New double glazing has been installed to the upstair5 gf the Leckharnpstead West building. All boiler running hours have been reduced by an average of 2 hours per day lin both warm-up and cool down cycles) across the ffive weekdays. The most energy efficient buildin& the Harrison Centre, has been prioritized for use for parents. eYÉning5 and the use of les5 efficsent ¢)nes avoided. Enhanced energy awareness programme Introduced to curb any nonossential uses Such a5 lighting. At RSM.. Completion oFadditional classroom space at Reigate St Marys with enew efficien¢ fabric and provision of heat via dedicatsd air source heat pumps. Completion of InS￿lIatIon of new LED security lightin8 and car parknrbg lighting. Addiuon of a new energy eificienr pod ro accomm¢)date SÉN needs. Enhanted e¥)ergy 3warene5s programme Introduced to curb non-essèntial uses such as Itghtin& page 15 Rels81è Gi?mtnar School C0115011daied Financial Siatemenrs for the yeay trnded 31 Au8UsI 202Z At ChinthursL All of the old SIn￿e glazed windows in the Morris Building at Chlnthvrst hive b8en replaced with thermally efficient UPVC double ￿aZIng which wlll reduce heat10$5es. New 83ble end and flat roof insulation added to the Morr15 bLtilding in October 2021 to further reduce heat 105se5. Enhanced energy awareness programme introduced ¢0 curb 2ny ntsn-essential u5e5 such as lixhting. Scope 3 emi$5ion5 are beyond the mandated scope ol this report as they deal with emi55ion5 arising from the actrvities of suppliers or customers of an organi5at¥on which are not directly controlled by the organisation itself. RGS has. however, been instrumental in encouraw'n& its Contrn￿d supplier of coach transport for pupi15 to change their fleet to coache5 whose emissions meet Euro 5 or 6 standard5, which mandatss a higher specification for vehides of thi5 typ A$ a major customer, RGS has been proud to encourage and support this change. Emissions reductions in the year ahead The following actions are planned to go ahead at the ¢ime of writing this reporu New ener￿ efficient boilers to repla￿ the old mode15 at the PeEer Masefield Hall There are a number of fairly major mediU￿-terM projects which are now Under active consideration which Dnee enacted will entompass a range of energy efficiency measure5. These may however span more than one year hence are not detsiled fully at fhis sttge. The preferred use of che more eneryy efficient buildings such as the Harrison Centre tor out of hours attivitie parent's eyenings w+ll tonrinue to reduce non-core consumptyon. Energy efficiency policies for 5¢aff and pupils will continue to be further developed in order to increase awareness and creaie an eih05 around the same. As with all years. older lsghting types are being replated wirh modern LED fittin8s on failure. Emissions Reductions Ambitions and Gentral Policies. All new buildings are built to enhanced standards 50 heating and vent*lation are predominantly naturnl. As boilers are replaced. Ihey are replaced with more eificient ones. The school's erbergy comes from certified renewable energy sources. lrt any new building projects photovoltait panels for the roofs are attively scoped to Produ￿ energy for the School. In any new building projecrs ground or air Sour￿ heat pump5 are acuvely scoped with 3 view to installatyon in preference to traditional heating sources. Investment Policy and Performance The school has an Investment Manager, Investec Wealth and Invesrmen¢ Limited Ilnvestec). to manage funds on behalf of the RGS Foundation. A core strategic objective for the RGS Foundauon and the 1675 Bursary Fund 15 to provide at least fify sustainable places for 1675 Scholars by 2025 and to build an Investmeni Fund of at least 14m by this da￿. The RGS FoundaEion seek5 to produce the best long-tsrm financial retum Wilhin an acceptable level of risk. We assume a 'medium' level of risk. The mandaTr to Investec a5 the Investment Manager 15 discrevonary. As at 31 August 2022, the school had transferred £3.69rn into this new Inve5trc fund 12021: £2.535rn1 and an unrealised investment loss of £281,631 12020= a gain 01 £425,282) 15 recognised in the year. The ner losses on other investment5 across the group totalled £1271 in the year ¢0 31 August 20221202I- a gain 01 £21,558). Considering tlsrrent market conditions, the Governors are satisfied with the investment performance of both funds. The RGS Foundation- 1675 Bursary Fund The Foundation and Alumni Office has the purpose of Maintaini￿ tontact with alumni through various events and reunions and the imPort￿t task of obtaining donations for rhe Changiftg Lives campaign. Wlch cluS￿r5 of alumni now in contact in North America, Singapore. Hong Kong, the Middle East and Australia. as well a5 those in this country* these in objective5 have been very 5ucce5slully achieved, resulting in support being prowded during the 202112022 academic year for thirty-seven recipients ol 1675 s£holar5hip awards, with a value of £l,000,tsJO12021.. £700.0001. page l& Reigato Gr3mmar School Consolittaiod Fliiai)iial Stèlement5 loi" Ihe ei)ed 31 AugL¢St 2022 Fundraising standards The Governors recogr7i5e the importance of meeting the highest standards of practice and Ca￿ in relation to fundraising activities. The school ha5 signed up to the fundraising code gf practiee and voluntarily registered with the Fundraising Preference Seryice. The school keeps benefactors informed about lundrdising activities through regular newsletters and report5. All fundraising activity is carried out by the school'5 Staff. who all have received training on lundraising standards. No complainTS have been received. The xhool only raises lunds Irom fornier pupi15. parents, stafl and those with a personal connection with the school and does not undertake fundraising campaigns to member5 of the public. statement of Governors. Responsibilities The Governors {who are also directors of Reigate Grammar School for the purposes of Company Law} are responsible lor preparing the Annual Report of the Governors, incorporating the St￿legI( Repoo and the financial s¢atements in accordance with applicable law and United Kingdom Accounting Standards (United Kirvgdom Generally Attepted Accounun8 Practice)- Cornpany law requires the Govemors ro prepare financial s¢atements lor each financial year which give a true and fair View of the State ol affair5 of the Charity and Che Group and of the incorning resources and application of re50urtes of the Group. In preparing these financial sratements, the Governors are required to: select suitable accounting policies and Ehen apply them conslstentfry.. obserne the methods and princ*ples in the Charities SORP.. make judgements and estimates that are reasonable and prudenL stste whether applicable UK atcounting srandards have been followed, sublett to any material departures d15closed and explained in the financial stateTnents,' prepare the financial 5tatement5 on the going concern basis Ltnle5S It is inappropriate co presume that the Charity and the Group will conunue in busines5. The Governors are ￿SpOnSible for keeping proper atcounting records which disclose with re&sonable accurdcy at any me rhe financsal position ol the ChaThty and the Group and to enable them to ensure thit the financial statements comply wiih the Companies Att 2006. They are a150 respoT15ible for safeguarding the assets ol the ChariEy and the Group and hence for tsking ￿aSOnable step5 for the prevention and detection of fraud and other irregularities. In so lar a5 we are iware.. There is no relevant audit information ol which the Charity's audirors are unaware., and The Governors have taken all steps that they ought to have taken to make themselves aware of any relÈvant audit information and to establish thai the auditor5 are aware ol that infornMElOn. Auditors The auditors Hay5macintyre LLP have express￿ Iheir willtngne5S to continue in office and a resolution to re-appoint them will be submi£Eed ¢0 the Governors. In signing thi5 ReporL the B¢)ard are 150 approving the Strdtegic Reporr included wlthin these Financial Ststemeftts in their capacity as company dI￿￿orS. On beh￿1 of the &oar Mark Elsey Chair of the Board of Governors Reigate Grammar School Reigace Surrey RH2 OQS 20 March 2023 poqe 17 Reigate Grdmm&r School ionsglidated Finaiicial SiptefneTht.s fof Ihi. yeai" ended 31 Auyusi 2022 Independent auditors, report to the members of Reigate Grammar School Opinion We have audited the financial Stttsrnen￿ of Reigats Grammar School for the year ended 31 August 2022 which comprise the Con501idated Statement ol Financial Activities, the Group and Charity Balance Sheets. the Consolidated Statement of Casmows and notes to the financial ststements, including a summary of signifscant aecounting policies. The financial reponing framework that has been applied irj their prepararion is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Finonciol Reporting Stt7ndard Op￿"cObIe ir> the UK und Republic of I￿1￿￿￿ (Unsted Kingdom Generally Actepted Accounting Practice). In our opinion. the financial sTa￿ments.. give a true and fair view of the state of the group's and of the parenc charitable compthy's atrairs as at 31 August 2022 and ol Ihe group'5 net movement in funds. including the income and expendiwre, for the year then ended-, have been propeAy prepared in accordan￿ with United Kingdom Generally Accepted Accounting Pratticv, and have been prepared In accordance with the requirements of the Companies Act 2006. Basis for oplnion We condutted our audit in accordance with International Srandard5 Qn Auditing (UK) {ISA5 IUKII and applicable law. Our responsibiliTies under those standards are further described in the Auditor5 responsibilities lor the audlt of the financial sta￿MentS settion of our reporL We are independent of the group in accordance with the ethical requirerneNI$ that are relevant to our audit of the financial statement5 in the UK, including the FRC'5 Ethical Standard. and we have fulfilled our other ethical responsibiliue5 in accordance with these requirernents. We believe that the iudit evidence we have obtained is sufficient and ¥Jpropriats to provide a basis for our opinion. Conclusions relating to golng concern In auditin8 the financial s¢aternents, we have eoncluded ¢hat th¢ Governors. use of the going concern basis of accounting in the preparation of the financial statements 15 appropriate. Based on the work we have performed. we have not identified any material uncertainties relatingto events or condivons thaL Individually or collectively. may cast significant doubt on the group's and parent charitable company's abslity to continue a5 a going concern for a period of at least t￿e1Ve months from when the f5nancial statements are authorised f?r issue. Our responslbilities and the responsibilities ofthe Governors with ￿SpeCttO going concern are described in the relevant 5ettions of this reporL Other information The Govemors are responsible for the other information. The other information comprises the information Included in the Report of the Governors. Our opiniortr on the financsal sta￿mentS does not ctsyer the other information and, except to the extent otherwlse explicidy stated in our reporL we do not express 74ny form of &ssurance conclusion thereon. In connett¢on with our audit ol the financlal 5taEement5, our respons*bility 15 to read the other inforniation and, in doing $0. consider whether the other intormatyon is miterially inconsisient with the financial statements or our knowledge obu.ned in the audit or otherwise appears to be materiilly misstared. 11 we identify such Ma￿rIal inconsis￿ncieS or apparent rna￿rIal miss¢a¢ements, we are required to determine whether there is a material mi55tatement in the finwcial statements or a material misstarement ofthe other informatson.11. based on the work we have perforrned, we Conclude that the￿ is a material misstatsment of this other information, we are required to report that facL We ha￿ nothing to report in this reprd. Opinions on other matter5 prescribed by the Companies Art 2006 In our opinion. based on the work undertaken in the course of the audit the information y'ven in the Report of the Governors (which includes the 5tratewc report and the directors, report prepared for Ihe purposes ol cornpany lawl for the fioancial year for whith the financial statements are prepared is consistent with the financial statements,. and the Strategic reporc and the direttors, report included within the Report ol the Governor5 have been prepared in accordance with applicable le￿1 requirements. page 18 Relgaie Gramrnai" School . Consolidated FTriiancial Siaiement5 for the year ended 31 August 2022 Matters on which we are required to report by exception In the light ol the knowledge and understanding ol the group and the parenc charitable comp3ny and its environment obtained in the course of the audit, we have not idenufied material rni5Statsmenu in the Report of the Governors (which incorporates the strategic report and ¢he director5, report}. We have nothlng to report in respett of the lollowing matter5 in relation to which the Companies Att 2006 requires us to report to you if, in our opinion.. adequate accounting records have noi been kept by the parent charitable company.. or the parent charirable company financial sratements are not in agreement with ¢he accounting record5 and rerurn5' or certain di5elosures of Governors, remuneration specified by law are not made.. or we have not received ill Ihe informacion and explanations we require for our audiL Responsibilities of Governors for the financial statement5 As explained more fully in the St3ternent of Governors, Respon5ibilitiÈS set out on page 17. the Governors {who are also rhe dlrecror5 of the charitable company for the purposes of company lawl are responsible for the preparation of the ffinaneial stafements and for ￿Ing satisfied that they give & true and fair view, Ind for such internal control as the Governors de￿rMIne is necessary to enable the prepardtion of financial statements that are free from maierial misstatemenc whether due to fraud or errar. In preparing the financial Statements, the Governor5 are responsible lor a55essing the group s and the parent charitable company'5 ability to continue a5 a going concern. disclosing, a5 applicable, matter5 related to going concern and using the going concern basis of accountyng unle55 the Governors either intend to liquidate the group or che paren¢ charit7&ble company or to cease operarions. or have no realistic alternavve but to do s Auditor's respoftsibil1tiè5 for the audit of the financial statement5 Our objectiyes are to obtain reasonable assurance thout whether the financial sratemenrs as a whole are free from material missta￿rnert whether due to fraud or error. and to Issue an auditor's report that includes our opinion. Reasonable assurante is a high level of assurant& but is not a guarantee that an audit condvtted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Mi5St2tements un arise Irom friud or error are con51dered marerial if. Individually Dr in the aggregate, they could reasonabty be expected to influence the economic decisions of user5 Taken on the basis of these financial statements. IrrÈgularitie5, including fraud, are instance5 of non-compliance with laws and re8ulatitsns. We desi￿ procedures in line with our responsibilitie5. Outlined above. to detect material misstatemeDt5 in respect of irregularities. including Iraud. The extent to which our procedures are capable of dthcting irregulariues, including fraud is detailed below.. Based on our understanding of the group. the p&renr charitable company and the environment in which it oper3te, we idenufied that The principal risks of non-complianee with laws and reg￿latIonS related to The Education Ilndependent School Stsndards) Regulations 2014, safeguarding regulations, health and safety requirements. GDPR, ernployment law and charity law and we considered the extent to which non-compliance might haye a fflaTrrial effect on the financlal sratement5. We also considered thost laws and regulations that have a d1￿ct impact on the preparation of the financial statement5 Such 35 the Companie5 Att 2006, the Charitie5 Act 2011, the Statemen¢ of Recommended Practice for Charities ISORP 20191). and conslder other factors such as payroll taxes anfl VAT. We evaluated rnanagement's Ir7cenuves and opporcunities for fvaudulent manipulation of the financial Statements lincludlng the risk of override of controls), and derermined that the principal risk5 were related to improper recognition of revenue and management bias in cenain accounvng estimats5 and judgements. Avdit procedures perfornied by the engagement team included.. Inspecting correspondence with regulators and tax authorftles.. Inspetting rhe outcomes of any regulatory in5pettions', Discussions with minagement ineluding consideration of known or su5petted in5tantes ol non-compliance with laws and regulauon and fraud.. Evaluating management'5 controls designed to prevent and detett irregvl2ritie5', Identifying 3nd testing journals, in particular journal entrie5 Posted with significant value5.' and Challenging assumptions and judgements made by management in their critical accounting estimate5 and challenge of the underlyin8 assumptions. Because ol the inhereni limitauons o( an audiL there 15 a risk that we will not detec¢ all irregularities. including those leading ¢9 a material misstatement in the f5nancial statements or non-tompliance with regulation. This risk increa5e5 the more that compliance with a law or regulation is removed from the events and rransartion5 relsetted in the financTr page )9 Rrigate GramrTiur 5r.hool . Consolidated Financial St8temeniS IDI Ihe yeai eiid?d 31 August 2022 Staternent% as we will be less likely to become aware of instances ol ntsn-compllanté. The riskls also greater regarding irregularities occurring dye to fTrud rather than error. as Iraud involves intentional conceatmenL forgeryi collusion. omission or misrepre5entatyon. A lurther description of our responsibiliiies for the audit of the financial statements is located on the Financial Reporting Council's website aL' www.fr .or au rsr This description lorms part of our auditor's reporL Use of our report This reporr is made solely ￿ the charitable company's rnembers. as a body. in accordance with Chapter 3 of Pdrt 16 of rhe Companies Act 2006. Our audir work has been Ltnderraken so that we mighr sraie ro the charitable company'5 members those matter5 we are required to State to theffl in an Auditor's ￿pOrt 2nd lor no oiher purpose. To rhe fullest ex¢ent perrnitted by law, we do not accept or assume responsibility to anyone other than the charitable Company and the charitable company'5 members. a5 a body. for our audit worK for thi5 reporo or for the opinions we havè formed. Tracey Young (Senior Statutory Auditor) for ind on behalf of Haysmacintyre LLP, Statytvry Audi¢or l O Queen Street Hace London EC4R I AG Date.. 3 April 2023 pbge 21) Relgate Grammar School Consolidated Financial Statemenl5 for the year pnded 31 August 2022 Consolidated Statement of Financial Activities (incorporating income and expenditure account) for the year ended 31 August 2022 Unrestricted Funds Restricted Funds Total 2022 Total 2021 Note5 Income from: Charitable activitie5= School fees receivable Registration fees Trip income Ca￿ring income Coach income Oiher educational income Furlough income Donations and lepcie5 Lettin8S Investments Trading income Total Income 27,761,897 75,503 S16.392 544,296 331,364 146.908 27.761,897 75,503 516.392 544,296 331,364 155,574 24.556,589 79,426 140,990 485.138 254,266 176,642 181,522 1,793.847 104,358 30,717 309,623 &666 1.597,147 1,597,147 158,817 28.24S 288,536 158,817 5,527 288,536 22,718 29,829.240 1,628,531 31.457,771 28.213.118 Expenditure on: Raisirsg funds- Fundrassing & Development 431.363 431,476 397.453 Chari(able activities: Education 27.641901 1.015.701 28.658.602 25.025.678 Total Expenditure Net Income fvom operatiODS before transfers and investmert gains 28.074,264 ,015.814 29.090,078 25,423.131 1,754.976 612.717 1367.693 2.789.987 Unrealised investment11055e511 gains G&in on disposal of ta￿"ble fixed assets Net Income 14.8721 1,296 {279.0301 1283.902) 1.296 446.840 950 1,751,400 333,687 2.085,087 3,237.777 Pension scheme actuarial gainlllosses) Net MovÈment in Funds for the yèar 4.334.000 4,334,000 347.000 6,085,4C4J 333.687 6.419.087 3,584,777 Balance brought forward at I September 2021 15.889.917 6.453,492 21343.409 18,758.632 Balance carried forward at 31 August 2022 21.975.317 6,787,179 2&761496 £21343.409 There were no recogni5èd gains and losse5 Other that those shown in the above Statement of Financial Activities. The accompanying nO￿S form an integral part of thi5 Statement of financial Actiwtie5. Detailed comparydtive figure5 arè shown in fi0￿ 23. page 21 Reigate Grammar khogl Con501idaled Financial Statements lor the yeai ended 31 Augusi 2022 Balance Sheets as at 31 August 2022 Rey*tor¢d Company number.. 03951365 Gvoup Charity 2022 2021 2022 2021 Notes Fixed Asset5 Tangible Investments 38,246,161 4.174,100 42,420,261 38,004.707 3,302,571 41,307,278 36,653,876 4,171,813 40.825,689 36,400.956 3.300,199 39,701.155 Current Assets Oebtors dye within one year Cash at bank and in hand 546.464 2,113,896 1,179,855 1,304.943 945.978 1.901,426 .457,114 1,089.114 2.660,360 2.484,798 2.847.404 1546,228 Creditors: due withln one yèar 10 1&843.5491 (&900.814) 17.636,667) {7,693.5811 Current Liabilities 14,183,189} 14,416.0161 14,789,263) (5,147.3531 Total A55ets le55 Current Liabilbties 38,237.072 36,891.262 36,036.426 34,553.802 Crediton: due after morè than one year Net Assets excluding Pension Schemt Liability Pension Scheme Assetl{Liability) 19.474,576) {10,693,8531 19,474,576) {10.693,8531 28,762,496 26,197.409 26,561.850 23,859.949 19 3,854,000 £28,762,490 £22,343,409 3.854.000 Net A$sets £26.561,850 £20.005.949 Represented by.. Unrestricted Funds.. Designated Funds General Reserve Pension Scheme Reserve Kes£ricted Funds 283.808 21.691.509 283,808 19.460,109 (3.854,0001 6,453.492 283,808 21,759.261 283.808 19.384,113 13.854.000) 4,192.028 16 6,787.179 4,518.781 £28,762.496 £22,343,409 £26,561,850 £20,005,949 The Parent charitable company's net movement in funds for the year was a sk¢rplu5 of £8.493,90112021: a surplus of £3.512.7501. The financial statements were approved and authorised for issue by the Board and signed below on its behalf on 20 March 2023 by. Mark Elsey GOVÉRNORS Colin Cobain The accompanying note5 are an integral part of this balance sheeL age 22 Relgate Gramimar Schnol Consolidaied financlal Sraiorne1115 lor Lhp yeai ended 31 August Z022 Consolidated Cash Flow Statement for the year ended 31 August 2022 2022 2021 Net cash outhow from operations (note (i)) Net cash provided by operaung acciviues 6,325,357 5,393,835 Cash flow5 from investing activitie5: Payments for tangible fixed assets Proceeds from disposal of fixed assets Payments to acquire inve5tsnents Investment income and bank interest receiv Ntt cash usèd in inve3ting Jctivities (1,829.4261 1.296 11.155,4321 28,245 11,409.4151 950 1685.000) 30,717 12.955,3171 12.062.748) Cash flows from financing activities: Finance t05ts paid Repayment of bank loan Net tash used in financing artivities 1412.030} 2.149.057 {414.8301 3,149,057 11561.087) 13.563.887) In£re#sel {decrea5e) in cash in the year 808.953 1232,8001 Opening Cash and cash equivalenis 1.304,943 l.S37.743 Closing cash and cash equiYdlents 2.113,896 £1.304.943 Cash and cash equsvalents comprise Cash at bank 2,113.896 1,304,943 £2,113,896 £1,304,943 (S) Reconciliation of net income to n CJsh flow from operating activities 2022 2021 Net income before investment fdins Depretiation Investment income Inorest payable Defined benefit pension scheme Costs Defined benefit pension scheme contribution5 Decrea5ellincre￿eI in debtors Increaselldecrease} in creditors Increaselldecrease) in delerred income 2,367.693 1,587,420 {28,245} 412.030 914.000 1434,000) 362,697 714,586 429.176 2.789,987 1,590,952 (30,717) 414.830 804,000 1478,000) (44,350) 261.596 85,537 £6.325,357 £5.393,835 (ii) Analysis of chaft8es in net debt At I September Cash llows 2021 Other At 31 August movemen 2022 Cash in hand Sub-total 1,304,943 1.304.943 808,953 808,953 2,113,896 2.113,896 Loan5 falling due within Olbe year Loan5 falling due after more than one year Net debt 12,149.057) 7,792.504 £{9,941,561) 2.149.057 11.149,057) 1.149.057 (1,149,057) 6,643,447 q7,792,504} 2,149.057 page 13 Reigaie Gi-aryirri&i Schaol Ciii)solidèied Financiol 5Loiomellts loi" the yehi endtrd 11 Auguci 2022 Accounting Policies for the year ended 31 August 2022 The financial sta￿Ments have been prepared in accordance with the Fsnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. the Companies Act 2006 and the Statement of Recommended Practice applicable to harities preP￿ing their accounts in accordance with FRS 102 (Second edityon. effecvve l January 20191. Criticol occountingiudgments ond kry sources of estimotion uncertoiniy In the application of the accountyng polieies, Governors Ire required ￿ make judgments, estirnites and assumpuons 2bout the carrying value of assets and liabilities that are not readily apparent from other sources. The estimate5 and unded￿ng assumptions are based on historical experience and other factors thit are considered 10 be relevanc Actual results may differ from these eStyrna￿s. The estimate5 and underlying assumptyons are reviewed on an ongoing ba515. Revision5 to accounting esiimates are recogni5ed in the period in whith the estimate is revised if the revision affects only that period, or in the period ol the revision and future periods if the revision afte£￿d current and future period& In the v4ew of the Governor5, no assumption4 Cgncerning the futu￿ or estimation uncertainty afferting asse(s or liJbilitie$ at the balance sheet date are likely to result In a material adjustmerTrt to rheir carrying amovnts in the nexc financial year. The key judgemen¢$ affecting the applic3tion of accounting policies relate to: l. The usÈhJl economic lives of tangible fixwl assets 2. The fair value ot the group's investmeni property The assumptions underlying the valuatton ol Ihe defined benefit pension srheme position (a) Accountlng Convention Th¢ accounts have been prepared under the historical cost convention a5 fflodlffted by the revaluation of inves¢mw)t& (b) Basis of Consolldation The actlviues of the Sthool's one subsidiary charity (the Rei8ate Grammar School Trust) and its non-charitable trading subsidiaries (Re￿gate Grammar School Trading Limited and Reigate Grammar School International Limited) have been included in the consolidated accounts on a linethby.line basis and are classified appropriately within re5tyiCted and unrestricted funds. (c) Going concern The Governor5 consider that there are no material uncertainlles that would cas¢ doubt on the School's ability to ontinue as a going concern. The following accounting polTrcie$ have been applied con51Steiitly in dealing with items whith are Considered marerial in relation ¢0 the school's financial 5t2tements: Upon the approval of these financial statements in March 2023, pupil number5 remain con5iStendy high across three schoo15 {RGS. RSM and Chinthursil for the remainder of Ihe 202112022 academic year lanfl hlgher than when the pindemic began) and projections for the 202212023 academic year and beyond remain positive. A minimal number of noufications have been received across the thrEe schoo15 Irom parents to withdraw children from the schools at thè end of the 202212023 academic year a5 a resuli of the current uncertain economic climate. page d4 Reigate Giomfllili School Consolidated Fiiiancial liat￿MEntS rhe year Ended 31 Aiigusi 202?. Accounting Policies for the year ended 31 August 2022 (continued) The following accountyng policies have been applied conslstently in dealing with items which arè considered material in relavon to the school's financi￿ statement (d) Revenue recognition All incvme 1$ retognised when the critÈria of entltlemenK measurement and probability of rèceipt have been sat15fied. Tuition fee5. less any allowances. bursaries or scholarships awarded from unres¢ricted fund5, are recogni5ed in the period in which the Service is provided. GrLnt5, inves¢ment incom4 including inieres¢ receivable, and other mi5cellz4neous income are accoun￿ lor an a receivable basis. Donatiot)5 are accoun¢ed for on a received bksis. Other income. which includes fees from lerrings and Insurance commissions, is accounted for on a receivable basis. Grani revenue claimed by rhe school under the goyernmenc's Coronavirus Job Retentyon kheme 15 recognised in thè same period as the staff cosis to which the grarbt relate5. (e) Expenditure Expenditure is rKognised as soon as the related liability is inc¢Jrred and ha5 been classified under heading5 that aggregate all costs rdating to that category. Liabilities are recognised o soon as there is a Iwl or construcuve obligation committing the School to the expenditure. Employment benefits. including holiday pay, are recognised in the period in which they are e￿ned. Termination benefits are recognised in thè period irb which the deti5ion 15 made and communicated to the rele*ant ernployee(5)- Expenditure on raising fut)ds comprises lundraising cost& Finance costs compr¢se loan intere5¢ payable and the net interest cos¢ relating to the defined benefit pension Schem Expenditure on charitsblt activities comprises expenditure directly related to the provision ol education. Suppor( costs represent indirett costs rela¢ing to raislng funds and the School's charitable activity. Support cosr5. including governance costs. are allO￿ted to attivities on bases that represent the Trustees, best estimate of actuzl use. Governance costs comprlse the costs of nbnning the Sehool a5 a charity. including strategic planning for its future development, auditors, remunerition, te￿[n legal costs and all cost5 of complying with constitutional and Statutory requirement$. such as costs of Board meeting5 and ol preparing the statutory accounts. Operatynz lease rentals are recognised on a strright-llne basis over the terni ol the lease. {Q TapgiblE fixed assets and depreciation The School has elected to use the carrying value on I September 2014, the date ol transition to FRS 101 of iny of the Ireehold land and buildings prewou51y carried at a valuation. as their deemed cost All other fixed assets are ￿COgnised at C95L Depreciltson is provided on freehold buildings in use It tvéo per cent per annum, other than the swirnmlng pool (completed at the end 0120081 which is being depreciated over its estimated Ltseful life of 20 year5. The premtses at Reigate SL M2ry'5 are freehold assets held within The Re18a￿ Grammar School Trust as a result ol the transfer from The Godfrey Searle Choir TrusL The improvements thereon are held within the Charity balance sheet and depreciated at 2% per annum. Depreciation is nor provided on Capital Works in Progress until final prictical compleuon of the sam& Dweciation is provided on other fo(ed 2S5ets to write off their tost over e5timaied useful lives at the followng ra Freehold Improvements 5% srraight line All weather pitch 5% scraight line Furniture, fittyngs and equipment 20% straight line Motor vehicles 25% straight line Computers 33% straight line page 25 ftpigatE Grarrirnkni Scliool CDn59lidoted Flriariclal St3lQtfienLs loi Uie year elided 31 August 2022 Accounting Policies. for the year ended 31 August 2022 (continued) Ig) Investments Investments are suted at market vaSue and the investmen¢ properry stated at open market Vdlue. Any gains or105s on revaluation i5 taken to the Statement of Financial Actiyities. (h) Financial instruments 8151c rtnancial instrurnents transactions that result in the recognition of ffinancial assets and liabilltyes like trade and other accounts receivable and payable are accounted lor on the following basis: Cosh ond cosh equiyolents Cash and cash equivalents include5 cash in hand. dep051ts held ai bank5. Other short.term highly liquid investments with original mi£urities ol three months or less and bank overdrafts. Bank overdrafts, when applicable. are Shown within current liabilities. Debtors ond (￿01t01S Debtor5 and creditors are measured ar the transaction price less any provisitsn for impairment. Any losses arising from impairment are recognised as expenditur& 8onk borrowing5 Liabilities for borrowings which are subject to i market rate of In￿reSt are measured at the value of the amount advanced, less capital repayments. {1) Pension Schemes The teaching staff a￿ membèrs of the Department for Education 5vper&nnuatton stheme, run by Teacher5. Pensions. Other Inon-teathing) staff may ￿ members ol the Surrey Ctsunry Council pension scheme. Thi5 15 a defined benefit pension Scheme. The School 15 a member of the Small Admitted Bodies Pool ISABP) within the overall pension lund. Some Support Stsff also contribute to the Independent Sthools Pension Scheme IlSPS}. In accordance with FRS 102 the following elements are charged to the SOFA.. The service costs gf pension provision relating to the year, together with the cost of any benefits relating to pasE service. The net finaftce cosr represented by a charge equal to the increase in thè presen¢ value of the Scheme Ilabilities and a credit equivalenr to the long term expected return on assets. The acwxrial gain or Ios5 on the Scheme assets and liabilities. The difference becween the market value of assets ol the Scheme and the present value of accrued pension liabilitie5 is Shown on the Balance Sheet. (j) Fund9 Unrestricted Funds comprise the accumulated Surplus or deftcit from the Statement of Financial Activities which 15 not resrricted. They are available for use at the discretion of the Governors in furLherance of the general objectyves of the School. The Designated Funds portion ol the Unrestricted Fund5 r￿resents that part of the accumulated surplus vthith has already been specificalty designated for future disbursemenL The Restricted Fund$ are rntsnies raised for, and their use reStrirt￿ t￿ a 5petific purpose, or donatyons subject to donor imposed Conditions. The Pension Scheme Reserve represents the deficiton the Sury County Council defined benefic pension scheme which s attributable to the school's ernployees. Be16 u) eq o m L Ln 04 P4 r4 t4 0 f4 Tr4 ¢Y ooooooo Ooooooooo o ¢Th- 0000000 00000-f4m** W ** O a m i o o U4105S rs O fhL- EtJ r4 000 04 o o 4 Ui f4 0 Il W££ Wr4£ * 0 c w c OE LP i ( csxcE> ¢y ij tyl c 141 £ L•0 n￿1n0)r4 8th0-P4LnCO co LO LYJ (￿￿**￿nrn m￿r c c co O ¢UUr£LuU LO 2111.1 ¥ Reiqaie Grammai" Schotsl C011501idated Finaniial StatemeDLS for the year ended 31 Aiigu5t 202Z Notes to the F•naTrcial Statements Conunued 23. Comparatlve statement of financial activities Unrestrirted Fund5 Restricted Funds Total 2021 Income from: Chart(able attivities.. School fees receivable Registration fees Trip income Catering incgme Coach income Other educational income Furlough income Oonations and lÈgacies Lettings Investments Trading income Total Intome 24,556.589 79.426 240.990 485.138 254,266 172,984 181.522 24,SS6,589 79.426 240,990 485,138 254,266 176,642 191.522 1.793,847 104.358 30,717 309.623 3,658 1,793.847 104.358 6,626 309,623 24.091 26,391,522 1,821,596 2&213,118 Expenditure on: Raising funds- Fundraising & Developmenr 392.856 4,597 397,453 Charitable actyvlties.. Education 24,309.272 716,406 25,025.678 Total Expenditure Net Intome from operations before transfers and Investment g#ins 24,702.12B 721.003 25.423.131 1,689.394 1,100.593 2.789.987 Unrealised investment 8ain5 Gain on disposal of tangible fixed assets Net Income 19,829 950 ,710.173 427,011 446,840 950 3.237.777 1,527,604 Pension Scheme acwarial gains 347,000 347.000 Net Movement in Fund5 for the year 2.057.173 1,527,604 3,584,777 Balance brought forward at I September 2020 13,831744 4.925.888 18.758.632 Oalance carried forward at 31 August 2021 £15.889,917 £6.453.492 £22.343,409 page 51