2022-08-31-accounts

EFFINGHAM ST TERESA'S . CRANMORE Effingham Schools Trust Annual Report and Accounts For the Year Ended 31 August 2022 Company Niiinbei.: 04509623 Charity Number.. 1095103 Effinghain Schools TrLlSt,Effingham,Sui'reyyRH5 6ST

I FFINGHAM SCHOOLS TRUST COVERNORS. REPORT YEAR ENDE4D 31 AUGUST 2022 The Heritage and Values of fl ffIngham Schools Trust In Septeinbei. 2019, St.'l eresa's Effinghain and Cranmore Prep School fomied an exciting partnership and joined together to create a new entity, p.rriiighain Schuols Trust ("Ihe Ti'usl"}. Tile Trust brii)gs logether two outslanding s¢hoo15 Wlth great heritage and track i'ecords located Llos¢ to one anoihe¥ in a beautiful aita of SLINey. With two superb school sites situated in the Suri'ey Hills {ovei' 80 aciES) and outstanding facilities, Ihe-lriist is in the fortunate po%itioii ofbeing able to olTei' an innovative model ol'schooling loi. Ix)ys and gErls Iroin the age of2.18. '1'he new pai'lnersliip ha% enabled the lorination of co-ediicdlional sLhuuling for tlie Early Years on the Crdnii)ore site, followed by single sex educaiion up to the age of 16 (boys at Craiimore, girls dt St.-feres(I's}. In 2025, the exibting Sixth foi'in at St. Teiesa's, will be opened to boys with a coinbsned co-educational Sixth foiin caterEng for up to 200 sttidents. This model offers the academic benefits of single sex education along with the social benefits that will come from the many joint activities belween the two schools. The best of both worldsl -rhe seiiior leadership teams cuntinue to wurk together to ensure th<lt the benefits of pai'tneiBhip are benefitting the childi'en and students iii oui. care. Both schoo15 have a tradition of exceptional pastoi'al care, born out of their Catholic foundations, which ha5 served ihem well in these thrbulent tiines. The two Trust schools share the sain¢ value5, ethos and high standard5, and a111105t 1,100 pupils and over £20in of assets, the Trust is very well placed for the future. The Cyoverning Body The Board of the Effingham Schools Trust Es made up of governtsrs as follows.. Mrs Annette Tiirner (Co-chalr) Annette Tumer bccame a Governor of St Teyesa's School in March 2014, Chair in Sq)tember 2017 and Co-chair with Michacl Flendcrson on I September2019. She graduatcd fvoin Cainbi'idge University having studicd geography, is a Meinber of the Chaiiered In8titutc of PcTsonncl and Development and has a Mastcr's Degree in Pci'%onnel ManagcmeT]t from Kingston University. She lives in Fieicham and recently retired as Vice Presideni, HR foi" a US multinational F.ngineering and Project Manageiment coinpany with a regional offIee in Leatherhead. She has ovci. 25 years, experience in 14uman Resources, is an active Ineinbei. of the Catholic Chiirch of Effingham and Fetchain whcit she is a Catechist on the Confinnation Programme. In addition to being Co-chllii., she thairs the Academic and Staffing Cominittec. Mr Mike Henderson (Co-chair) Michael Flendeison wa% a Ciovernoi. of St Tere%a's School froit) 2003 10 2014, a Govemor of C.raninore School froiii 1994 and Chclil. froin 2012. On the fom)atinn of the E￿InghaM Schools Trust in Septeinber 2019 he betaine Co-chair with Annette Turncr. He qualificd in London as a Chaiiered Accoiintant iii 1961 and joined a small indu5kn.ial Groiip in 1965 latei. renamed Cookson Cjroiip PLC {a FTSE. 100 Ctsinpanyl 1984. Hc w8S 2PPOllltcd to thc Bnard in 1975, Managing Diitctor and then Chicf Executivc fil)1￿ 1978 and Chairniaii and CEO in 1989. Hc has livcd in E28t Horsley sintc 1973 and is all aciivc nieinber of the Ccltholic Cliiirch ii) Effinghan), a Council Member ftiid on tlie Cxecutive Coiknmittee of the tholic Unioii of Great Britain and was appointed a Icnight of Ihe Holy Sepulchre of Jei'usalciii ill 2005. In 2022 he was awarded Icnighl of Si Gregory (KSG), a Papal Awai'd, for his services to Catholic Education. Mr Michael Aglus Michael Agius joined the-frust on I Septcinbei. 2019 having been a goveimor at Cranmoir sinee 2013. Michael Agius is a Cliartcird r..ngineei' aiid fcllow of the Institution of Ciyil b.ngineers. He started woi'king with 14eilfoixlshire C'ounty Coiincil in 1966, rnoviiig to Suri'ey in 1974, Iiviiig fii'st in fetch&m and then nioving to F.ffinghain in 1978. He worked with Leathci'liead based civil engineei'ing coiisultaiits FlowaTd Flumphrcys/13&RIKtJR, staying witli thein until hc retiTed at the end af 2005. 20 yeai's of this pci'iod was spcnt ovci'seas, 15 years in Tanzania, 10 year5 as Managing Director of I loward Huinphieys Tanzania and then 5 years in Giecce, as onc of threc Pi'ojcct Managei's on the consh'iiction of 680 kin of inotorway froin the Adriatic to'l iii'key. Ile l)as been ail active parishioner at P.tTinghaiM aiid bctchaill since 1974. He was pi'cviously the Lhair of the CraninoTe Finaiice and Geneial Purposes Coinmittee and is tlie'frust's lead Govcrnoi. for Catholic cducation.

EFFINGHAM SCHOOIS TRUST GOVERNORS, REPORT YEAR ItNDE4 D 31 AUGU.8T 2022 Mr.5 Heather Breiinan {relired 15 Marcli 21)22) HcatheT Rrcniian has been a Governor at St Teir8a's School since July 2013. She 18 a rctircd hcad teacher with over40 years, expei'ience in UK and Inteinational schools and has rwently stepped down as Chair of the Baai'd and Ownci. of a British School in Qatai. that cateis for over 1.000 pupils. Heather brings a wealth of experience ill teacliing and school inanageinent to the Trust atid chairs the A¢adeiMic and Staffing Coinmittee. She is al.80 involved in the local Pai'i.%h church. Dr Nicli Clarl(¢ Nick Clc1rke joined becaine a goyernor of St Teresa's School in Janiiaiy 2019. He started his career in acadeniia as a matheinatician spccialising in research iii tlic field of Coinputational fluid dynainics. For the last 25 years he has been a quanliiaiive analyst in the investinenl indusrry. applying science and technology to the arl of geneiating good investment retiirns while controlling I'isk. He lives in Guildfoi'd with his wife Charlotte and their two boys who are attending RIos50m House and Ripley Court, local private schools. Mr Simoii Fislier (resigned 21 Julie 2022) Simon fi%hci' bccaille (1 gov¢1￿01. at Cranm(JTe in Junc 2019 and joincd the Triist on I Septcinbcr2019. Ele is a hisroiy graduate frorn P.xetei' University. Siinon l)8s 15 yeaTS of expeTience iii indcpeiident schools. His teachiiig career began at Wycliffe Collcgc in CIlouce8teTshirc where hc w&5 Itll tt%5iStant housemastei" foi. seven yeai's and latta'ly Director of ICT and a meinber of SMT. He Inoved to Worth SchoDI in 201 l Bnd was promoted to Deputy Head (Acadcmic) in 2015. He be￿me the Headimastei. of DoveT College in Septeinber 2020. Mr5 Anne Fort Anne foi't joined the TTllSt oii I Septeiiiber 2019 having been a govei'nor at CraniMoiE for imaiiy yea15. Aline 15 the Chair of the Acadeniic and Safeguarding Coininittee with re5poiisiI?ilitic8 a% both the 81)ccial Educational Nced% GoveTnor ai)d Ci'aiimoi'e Safegiiardiiig Governor. She is a ineiiibei. of the Cliaiieied Institute of Liiigiiist% of thc In81itiite of Translation and Intej'pi'eting. Aftcr WOTking for a large Iniiltinational maniifactiii'ii)g coinpany folloived by a Tein8uitiite coM)pany, 8hc has I'iiii her own biisin¢ss as a freelance tTanslator foi. the past 30 yeai's. She is a practisTriig Cathi)lie aiid also an Official Prisoii Visitoi.. Ms bally Hall Ily Flall becaine a govemoT in March 2020. She 15 a Geogiaphy gradiiate of the University of Sheffield, where She a150 gained hei. PGCE. Sally has taiight 113 the independent sectoi. foi. alinost 20 year5 and is l)epiity klead I'astoral and l)e5ignated Safegiiat￿1IIg Lead at St CJeoi'ge'5 Lollege, Sally is also pait ot Siiriry's Scliools aiid F.diication Safegiiarding ForLlllI. She lives iii Weybridgc and enjoys travel, cooking, jogging and ivatching In05t spoits, especially her lioine teaim, WolveThainptOTI Wand¢r¢rs. Mrs Sally lloyes Sally Haycs becamc a govemor of St Tciesa's School in July 2014. Sh¢ is th¢1¢8d gov¢rnoi' for St'feiesa's Ilrep School and is a member of the Pastoral and Safeguarding Coinmittcc. she was a Lli)yd's Brok¢r foi. ¢ighte¢n ycars b¢for¢ b¢coming a mother to twin daughters who were educated at St. Teresa's. She now works as a nui%ciy assistant at a local school. She was Chair of thc Friends of St. Teresa's foT cight years. She is the Designat¢d tioveinor foT Child Protection. Father Alex Hill ry Alex l.lill becaine a govemor of St Te￿a'S School in July 2013. He is a meini)er of thc Pastoral Committcc and safegiiai.ding Coinmittee. 14e is a niarried Iloman Cathi)li¢ pai'ish pi'iest in W¢st t3yfleet with two primary agcd childrcii. Hc is a fOr1￿¢r Anglican clei'gyinan who converted to Catholicism 13 yeaTS ago. Fle has a degire in pi'iinaiy education and a MA in Theology from Leeds. His intcrcsts includ¢ Fl, Tudorlstuart history and church art.

F.riFINCJ14AM SCHOOLS TRUSI. GOVEI IINORS, RC4 PORT YEAR ENDED 31 AUGUST 2022 Mi. Daniian Hoiiey {APPOillteil 15 Mareh 2022) Ddn)ian I lojiey becaine a Governoi. in Febi'Liaiy 2022. He wa5 ediicaled at Stonyhiii'5t College in l.allcashire. and is a Law Giaduafe of the Univei'sily of ShetTield. After stiidying at Bar SchLioI in London dnd qiialifying a8 a barrister, Damian then requalified as 501icitor, Since 1996 Daniian has woi'ked foi. Holman Feiiwick Willan LL.P. In 200.3 he b¢came a parEnei' of the fji'jn. Sijice then he hab served tenns on the MaDageinent Board and Sti'aiegy Boai'd of tlie firm, and is cuircnily the l.lead of Intei'iialional Arbilratioi) and the Global Key Cliejit Partner. He is a Freeiman of thc City of l.ondon and a Livcryman of the Woi'5hipful Coinpany of Bowye￿. Dainian hos lived in Great Bookhain sinee 2002 aiid his two daughtei's attended St TEre5a's. Dr Cathy MeMllll#n (i'etii'ed 21 June 2022) Cail)y Mcmullan joiiied thc Trust on I Septcinber 2019 havino bceii a govei'noi. ar Ci'aninoi'e siiicc 2009. Slie is a i'ecently retired a5 a GP who woi'ked in Ciuildford foi. ovei. Iliii'ly ycai'%. he obtaiii¢d a BSC iii physiology followed by hej. Jiiedical qualifications at Bi-istul UnivLI'.%ity and woi'ked iii Bi'islol cind then in Kenya for several years. She takc5 a close iiitei'est in Healili and Safety and Lhairs the CianinoiE Health ai)d Safety Comimittee. She has heen a Iriistee and an involved SUPPOTler of ilie IoLal c11arily Cheriy Trees, the iespire care hoine foi. cliildi'cii iyith leai'niiig disability. Pler IWO son8 attended Lraiiiiinre. Mr lain Moi'gwa lain Morgan became a govemoT of St Teresa's School in January 2017 and since Scpteinber 2018 he has chaired the I,"inanc¢ aiid General Puwoses Coininittee. He is a Chariered Accountaiit and a C.hartercd Fngineer with ali r,.ngineeriiig BA froin Cambi'idge University. With over 30 years. experience Finance he is working as a finance Director at an intci'nationally imporlani Civil Engineering contractor where he also chairs a pension fund cominittee. lain is maiTicd and lives in B()okhain. His 3 daughtery weiE all educated at St Teresa's. Mi. Juliii RDurlie (#ppuinted 15 March 2022) John Rourke began his acadeinic cairer lecturing in the UnivcrEity of Wales. He subseqiiently moved into scliool teaching. becoining Head of Gllnnersbuiy School in West London, and ultimately the founding Principal of a Catholic sixth forin college, Si Charles, ylso in London. Upon retireinent in 2002 he co-founded and managed thc educational consultancy ALPS (A Level Perforindnce Systein) for a furrher fourteen yeais. He ha5 served as Cjovemor at several ediicational institutions. including being ChaiTman of a University College, an Acadciny, and St. Georgc's College Wcybridgc. He has also s¢rved on local and national eduLational bodies. aiid on the educational boards of two dioceses. Ile was appointed CIIP. {New Year Honoui's 2000) 8nd KSG (Papal Hoiiours 20021. He lives in Wcybridge, is active in parish life, and became a Gov¢inor of the Effingham and Cranimoir Trust in 2022. Canon Paul Thomp50n (appointed l Oetober 2022) Caiion Paul joii)ed the Effingham Schools Tiust in October 2022. Educated at Cuddesdon Theological College and ihe Univei'sity of Oxford. He wa5 ordained to the priesihood in hi5 homc Diocese of l.iverpool, initially spcndillg thire yc3rs as Ciirate in Kii'kby new town, before moving to an ecuineniLdl &ppoin(Incnt in the woi'ld of education and ind115try in Knowslcy. Joining the Briiish Anny as Chaplain soon followed and in 2001 Paul was appointed Senior Chaplain at b.psom Qollcge, a co-ed HMC boarding s¢1)ool. Foi. the lasi Ihree academic ycaT8 he has been working part linie at St .1 eresa's, teaching and assisting the work of th¢ chaplain. He is an Hon. Canon at Cjuildford Cathcdral, and firmly believes it is a privilege, to be called lo work with the pupils and stsff coinmitted to our LaiE amd over.giglit in the field of education. Although now living in Noi'ih Norfolk, Canon Paul hopes to play his full pai1 in thc tru.%t and prays ihat this will bear frLllt that will endure. Mrs Maureen Wilkinson Maureen Wilkinson has been a governor at St Tei'esa's School ginee Deceinber 2015. She is a mcmbci. nf the Finance and tieneral Purposes Coininittee and is the St feresa's Healih and Safety Icad govemor. She is a property solicitoi. and Icad5 the iesidential Real Estate teain of DMH Stallai'd as a parinei. in GuildfoTd, having previously been a pai'tnei. at A WB Partnei'ship where she qualified iii 1989. Maureen lives in West Clandon is a forinei. pupil of St Tcresa's. togeihcr wEth lier sist¢rs. aiid is very intei'ested in tlie developinent of the equestrian centTC having Previously represented the School in.%how juinping.

EfifilNGHAM SCHOOLS TRUST GOVERNORS, RKPORT yE4AR F.NDF.D 31 AIIGUST 2022 The Govemors of Effinghain Schools Trust prescnt thcir Allnual Report and Awouiits for the year ended 31 August 2022 under the CoJi)P£Jnies AL(2006 and the Cliaritic% Act 2011, includipg tlie T)irectors' Repoi1 and Stiategic Repoit under the Coinpdnies Act 20Q6, tlie Mcinoiandum and Articles of Association and the Charities SORP 2015. History Aiid Constitution St Tcrc%a'8 Sehnol was e8tablished in 1928 and was previously operated by the Institute of the Religioiis of Christian Instruction. St TeTesa's Sclioo5 F,ffinghain Triist was sei up on I Sepieinbei. 2002 and is a chai'itable coinparty limited by guaraiitee. The Trust was renained the Effinghain Schools Tnjst on I Septeinber 2019 as St Teresa's School merged with Craninore School on that date. Cianinore School was established in 1968 as a Roinan Catholic School as part of the Diocese of Arundel and Brighton Charity. In order to better manage rhe School, it was agreed to It)ake Cranmore School a coimpttny liillitcd by guai2iitee operating as a charity in its Liwn l'ight on 31, Augiist 2011. The original Meinorandum and Articles of Associaiion of St Teresa's School Effinghain Trust, dated 9 August 2002, have been amended although the new Effingharn Schools Trust Articles of Association dated I l Octobor 2019 are sub%tantially the saine. The Charity has two wholly owncd subsidiai'ie5, St l eresa's F.nterprise5 l.imited and Cranmore Enterpi'ise% Liinited, whosc principal activity is ihe organisation and management of the coinTncrcial activities associated with the-l'i￿St. The commercial activities primarily consist of the rental of School facilitie5. A SUTnmary of the activities of the siibsidiaries is outlined in note 4 of the accoiints. The accounts of the trading subsidiarie5 are con5012dated with the accounts of th¢ Trust. All subsidiary profits are gift aided to the T7￿$t augment the funds available for bursari¢s and assisted plac¢s. Objtcts The objects of the Trust are 'to advattcc edutation by conducting any boarding or day school or schools for children of the Roman Catholic religion with or without other Christian or non-christian childi¢n, and to carry on Such oth¢r charitabl¢ works as advance the Roman Catholic ieligion,. Ain15 The Trust will encoiirage each piipil to rejoice aiid do well through the pursuit of acadeJni¢ excellence across the curri¢uluin and beyoiid,. will provide siippoi1, eIicourageincnt and challcjige to every pupil to develop Iheii. full potential in piyparation for tlie futiire. and will pi'omote li1￿ standards of persotial beliaviour and the development of Inoral and spiritual values in each pupil. Vi510ll The TrL]St prides itself on hclping each studcnt to realise hislher a¢ademi¢ potential and, as a Catholic school, recognises the gifts atid talents of all th¢ childr¢n and young people. 'l-herefore, the oveiall perforniAnce of the Ti'ust is of priine ijnportance but not at the cost of tlie iiidividual pupil. 'Ilie Trust will not rcJiiov¢ weak pupils to iinpi'ove league tables but will work with eacli pupil to l)elp liiiii ol. hcr achicvc the bcst of his oi. hei. capabilities. Siblings will Bain autoinati¢ entry to the Ti'ust (ind pupils in tlie l)JEp Schools will Iiave an autoinatic riglit of entiy into the Senioi. Scliools pi'ovided their litei'<lCy and nuinei'dcy abilities enable thein to access the Senior Schools, currieuluins. Oui. schools have a Cailiolic ethos with strong, clearly defijied values expressing Faith, Coininuiiity. Characler, Coinpassion and Intellect that al'e accessible to all, undei'stood by all and ai¢ lived by all in the School coininunily. The Pastoral oi'ganisatioji of the Scliools is designed to help sllPPOI't these valii¢s and care for ea¢li pupil as an iiidividual withiii the SLhool faiiiily. The Schools value theii. staff, both teaching and suppoi1, giving tlieiii evely opportuiiity fur pei'gonal developijient thi'ough trailliiig, CPD and ai)Jiual assessineiit. 'Fhe Schools will be fully iesourced over timt in buildings, fatililies and equiptiient to provide an ejivii'oiiiiient that enables delivery ofihis vision for the Trust. Tlie Inergei. between the Scliools to ci'eate a co-educational Diainond Model scliool ofyers the bejiefits of the co-ed classi'ooin to young pupils. the benefits of single sex iii latej. pi'ep and secoi)dary years, befoi'e fiiially retiii'i)ing lo co-educaiion at Sixih Forii) with shared values aiid ethos. We believe that this lias opeiied up excitiiig possibilities whicli will build on the vison and a¢hieveInents of both scliools as they Inove foi'wai'd togethei. with reiiewed confidence to develop the diamond nivdel Of educatiun in tliis part of Surrey.

ri,FfilNCHAM SCHOOLS TRUST GOVTrRNORS' IIEI>ORT YEAR ENDEID 31 AUCUST 2022 Publie Bentfit The Governor% Tccognisc the diity iinposcd upon thein by S¢ctioii 17 of the Charities Act 201 l and also the requirement to have diie rcgard to the gencral guidancc provided by the Charity Coii)Inis5i0n in conncction with Public t4cnefit.'The Catholic ethos and values of thc 8cho()l% lias always been to ¢ncouragc studcnts to be outwar(I looking and coii)passionate towards others and this is dciMonsb?ted through nuineiDus charitable projects which take place across the year. During the yeai. the'l rust continucd to enhance its links with the local coinmunity. A numbeT of local schools have accessed the Trllsl's educational facilitics, for exainple local sports clubs and state schools have used the I rusi's swiimming pools, sport5 h2115 and sport.s pitc1]c￿ and local childr¢n r¢gulai'ly tiain at the £chools. I,ocal chLirches and chai'ities have iitilised the Trust'.% theatrc and othcr facilities and the Ti'ust's facilitics air also pi'ovided without chai'ge for deaneiy meeting5. The Prcp Scliool Choir aiid CIEninore LhoiiE hav¢ supw)rted local ¢vent8 such as the village harvest festival and Chrishnas services. Thc 'l'ru8t has been active in suppoiting Inany charities, including Canccr Research, Macmillan Cancel., Chciry .1 rcc5, Shooting Star ChildiElI'S Hospice, Place2Bc. IIT¢ainsScas, The Prince's Triist and St KiY.ito School. As part of oiii. Hai'vcst Fcstival cclcbration%, more than 400 food iteins wci'c collected for Dorking foodbank which pupils then helped io dclivcr to thc Foodbank warehouse- at Chri5tsnas, pupils took part in The ShoeLx)x Appeal with shoeboxcs being filled with gifts foi. children who would otherwis¢ not have anything to open on Christmc1S day; the wliole commiinity Te5pondcd gcneTDl151y for our Ukraiiie appeal. donating essential items that were then driven across to thc PoliEh borcr to help iEfugees from Ukraine. our sponsored Walk against Hunger raised almost £400 for CAFOD to help starving people acros5 the world. Thi.5 year the Trust awarded scholarships, bursaries (including 100 /0 assisted plates) and allowances of £3,161 k iCPTcscnting 170/0 of giDSS fee in¢ome of which bui'saries and assisted places represented 5Q/o of giDsq fec incoiiTrc. 'fiic GoveTnor8' policy is to award seholai'ships on thc basis of outstanding ability and to provide bu13ftries as 5UPPOrt loi. parents in financial difficultie5 to enable their Childrcn to reinain at the School. This year £66k of funding wa8 awarded to families continuing to cxperEence.5ignificant finan¢ial hardship as a I'esult of the pandemic. The T￿v5t oPe￿te5 an Assisted Places Schcine for children who would not ordinarily be able 10 afford Ihc fee5. A iiumbcr of pupils were covered by the scheme, including Irfugcc children froin Ukraine, and the total bcnefit f(Jr assisted places this year was £81 k. STRATV.C.IC RF.PORT RF.VIF.W OF ACHIF.VEMENTS AND PERFORMANCE The Schools this year Emerging from the remnants of the pandemic, the year has seen the schools return to fully vibi"ant, interactive and ciigaging environinents. With support from pupils, their parents. staff and GovemoiB, the schools continuc to grow and develop. ST TERKgA',V,gFNIOR SCHOOL A¢ad¢mic The School contiiiues to provide an excellenteducation foi. all pupils. Staff have continued to provide a high-quality educatiort that has enllbled gil.ls at GCSE and A level to achiev¢ excellent results. Details of our A Level results may be found in the tablc below.. ear Enti'ics 112 130 A_B 87/0 83.9Q/D 88% 56.9°/ A_C 97Q/D 92.40/0 022 021 020 019 018 23..2 /0 4.6Q/o 9.30/0 .9/ O°/0 5.40/D 5,/0 9.4/0 90/0 IOOO/o loo/. 102 113 84.3Tr/0 83¥. 2.2Q/o

I fi FING'HAM SCHOOLS TRUST GOVERNORS, REPORT yI4AR ENDED 31 AUGUST 2022 'riie A Level Cohort deinonsli'ated the sti'ength of iheir aeadeiiiic ability tlirough a fantastic set of results,. indeed, they wei'e recoJ'd-br¢akiiig, with 700/0 aehieviiig an A or A* It Imyst be borne in Inind tliat these pupils did not sil Ci('8E ¢xaininalions, but wcro subject to I'ACJ glades. 'Ihey did iiot, Iheirfore, have ai)y experience of public exaininations. All were siiccessfiil in gaining places at university. with 60 /¢ atteftdiiig a Russell Group Univer5ity- again, anoiher record. Our (ICSE I'esults are below.. 19.8 17.5 17.5 72.8 16 88.8 100 Value Added grades continue to be truly exceptional at GC.SF.. Sports Departmcnt Cui'rieulum PE GCSE PE results were excelleni, with 71 /0 of siiidents achieving a grade 6 - 9, 50/0 of students a grade 8- 9 and 26/ts of sttidenrs a grade 9. In A Level PE, IOO/o of the sttidents achieved an A or B. Sport The school provides a full extra-eurricular tillietable in our Inain sports for all ages groups, which includcs a fiill fixtures schedule in nethall, hockey and swiimming within the Aiitumn and Spring ternis. In the Suminer teini. the shidents participate and compete in alhlelics, cricket and tennis. Clubs take plaee before school, at lunch time and aftei" school, to Inaxiinise the girls, oppoilunities and progression. SOCS is being used siiccessfiilly to cominunicate with students and Parents. Team sheets and instriiclions are emailed directly to those cliildren selected and equestrian have also been infoiincd on how lo use the system, for a whole school apprikach. The sports weekly bulletin has been a great way io highlight siiccesses and the biisy spotting life at St Tei'esa's to parents and the wider coii)munity. Inter~house competitions have involved the entire school in hockey, netball, cross country and athletics. Hnckey The U15 tcam werc thc 5th bc5t hockey tcain in the County and finished tnp 6 in tlie ISHC National Plate Competition. A rtuinbcr of these lJl 5 girls were sclcctcd and playcd iii the Lngland Hockcy Challengc Cup ai)d won itl Many of our Students havc also bcen sclcctcd for thc England Ilockcy l)layer Pathway, ljerfomiance Cciitre Squad5, Sunyy, and London Acadciny. This was our first year paitnering with Cjuildford Hackey Club. an exciting prospect for the futurc. Cros$-Country Thc succes8 of early niorming clubs ha5 IEsultcd in a niiinbcr of Cr05s-Country win8 throughout the yeai., with five students qualifying to Ycpirscnt SutTCy in thc Cr05s-Country finals. 8t I'crcsa'.% arc now within the top 20 schools in thc countiy for juniorgii'ls after qualifying against hiindrcd8 of othci'5chools 8ciY)ss two Th)und￿.'1'hI8 15 a huge achievcnient. Five students have qualified for Ilie Modern Biathlon and British School's Biathlon finals qiialifier5 held ai University of Bath in March. One of these students is currently 1st in the tountsy for the National Scliools Biathlon. NtthAII The partnership with Sui'rey Stoi'ih has iesiiltcd in Surrey Storm Acadcmy players on site each weck building link8 witli oiir 6tli lorm and y￿r I I girls, and specialist coaching fi'oni Surrey Storm Pathway coaches in holiday inaster cla55es. Several students have be￿1 s¢lected foi. coiinty squad5 and the U15A teain qudlifitd foi. the Surrey Finals held in Mai'ch.

EFFINC.HAM SC.HOOI,S TRUST GOVEIINOR.8' iifi.PURT YEAR ENDED JI AUGUST 2022 Swimming'fhc 5cliool ha5 an extt'eincly successfiil parliiership with (iuildlord City Swimming Club, where the gil'ls i'eceive weekly specialist coacliing. and holiddy camps have been held fur squad swiminei's. Many students air at countylregioiial level and one siiident is a ineinbci. of thc Swiin F.ngland National Developinent Programme. All sqiiads have iinpiDved their position in the F.SSA Team Chainpionship5 coinpaTed to previous years atid the Senior team caime 2nd in the Surrey qualifi¢i'5. Athleties'fhe Athletic% teains competed in the District and National ESSA coinpetitions, as well as in fri¢ndly tneet5. Both the Juiiioi. hnd Iiitei'inediate Athlctic% teain5 progi'essed to the Regiunal 'B' final foi. tl)e National ESSA coiiipetitiun. Individual athletics achieveinents are as follows.. Two 5ttidents werc selcctcd foi. and repiesenled W¢st-Siiri'ey at the National Prep Finals. Oiie shidctit caine 3rd in tlie U17 Surrey Countiy ChampioRship5 Ill the 30001ll. Oiie shidcnt cainc 3rd in the Junior 80UIn. One Student coming 2nd in the intennediale High Juinp. Sports Day {inter-house athletics) was held on a sunny Saturday in the suininer tei'jn whei'e tlie eiittjr school and iheir parent￿gUardi&ll% were in attendance. It was faiita5tic to see 50 Inaiiy 8iT15 coinpeting foT their hoiise. On this day we also held the opcnitig of the Nelsoii Pavilion, a great facility foi. all to enjoy wliicli will no doubt be an excellent asset foi. the school. Cricket In our fiTSt suminer of playing Ci'icket as a InajoT Sport, we paitnered wsth Horsley and Send Ci'i¢ket Club. l-his has been a supei'h partnership which we endeavour to coiitinue. It has allowed us to Inake excellent iise of their lacilities and specialist caaching %taff, as well as encouraging more gil'15 to play lor a Cj'icket club. In turn, tliis has piDvided our girls With th¢ opportunity to break into the Sui'rey ci"i¢ket program. A highlight was tliat we hosted an U14 Cricket Festival at Hotsley and Send Crick¢t Club, acliieving 2nd place overall. Tennis W¢ hav¢ dcveloped a more substantial partnership with ESI'A to t]iaxiinise expeitise and Irsources. l-hey provide specialist coaching for oui. tennis players and all gil'ls within lessons. ESTA have also helped the PE department to ai'i'ange a 5Ultabl¢ yet competitive fixtiires list for tenni5 in the 5uiiiiiTreT teTm, including entei'ing all age giDups into tli¢ Surrey League Tennis competition. Performing Ar15 Department Drgma.. Cxccllcnt set of GCSI-. and A level results. l OO/D A Grade at A level. IOOD/o A*_B 2018-2022. GCSE examination results werc very pleasing this year, when reflecting that the students had expei'ienced a siibstantial part of their practical lessons IT] lockdown. CJCSF. I)raina 100 /¢ 5-9, 57Q/o 7-9. Dance IOOQ/o 6-7. '1'he niiinber of students pursuiIig the l)ei'forJi)iiig Arts post (JCSE continues to grow. with 50 /0 of oiir GCSE cohoit going on to study Draina at A level. Dan£e.' Students we¥e impacted by the pandemic with practical lessons being online. Despite this the girls did exti'einely well- GCSE - IOO/o Grade 4-8, 67Q/o Grade 7-8. LAMDA.. ()utstanding resulis throughout the year, l OOYO Distinction and Merit., 700/0 Distinction and 300/0 Merit. The lluinber of siudents taking l.AMDA reinains consistently higli. Productions.. As with all of ourprodiiclions the gir15 land aiidience} are intt'odiiced to a new style andl or genre of perfoi'ming and in the Auturnn T¢Tm thc girls weir given the opportunity to iise a fly sy5tciM in 'Wendy and l>etei' Pail,. Tlie gil'ls ivorked incredibly hard, especially as Qinicrom wiped out half tlie cast and the prodiictioii had to be brought forward 48 hours to give the ¢ast and cirw th¢ oppoi1unity to perfonm. 'They did a reinarkable job and it wa5 a visually stuiining and cxciting produ¢tioii. Tn the Spi'ing T￿)n the gil'ls performeLI'Shine', a Inu5ical extravaganza. I',ach of thesc production% had a coinpany of 70-80 girls. In the Siiminer Tenn pupils perfomled itt the Pcrfoiining Arts Cvening which showcased the many talents of oui. actors, daucers and LAMDA stiidents. Clubs.. Diaima Clubs for Year 7, Year 8 and Ycar 9 continiied to be popular, as well a5 Musical 'rhe7￿ tre Clubs and Dance Club5. They weie all well attended and popiilai.. Rehearsals for the pl.0d￿Ctions took placc aftci. school every day, 4.15-6.00. Mark Jerinin's Stage and Screcn club continued th¢ii' popular after school cliib and thcir ageiicy had a niiinber of oiir students auditioiiing for vai'ioiis filins. progi?11)Inc.8, voice ovcrs and adverts. Mark Jcrmin Pj'oductions also h05tcd thcir second regidcntial summeT COUTse liere in July which was a huge success.

EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT vr4AR r.NDF.I) 31 AUGUST 2022 Success outside of scliool.. Inaiiy students continue tu puisiie ihe Perfoiining Arts oiitside of school and a nuinbei. of studenis belong to soine of the top Dance Scliools, theatre coinpanies. youth theatre gi'oups and Conservatoires. Sevei'al dancers coiiipeted at regional, national and inlemalional levels wilh one pupil represeiiting England in Spain. Music Depai'tment ABRSM aiid Trinity Cullege in5li'uinental and vocal exam resulis continued to be excellent, Exains were a coinbination of facc-to-face and recordcd siibmissions. Two studcnts attended thc Junior r)eparthnents of l.ondon Conservatoires. One student gained a place at the Ut)iveisity of OxfoTd to read mU5￿c. She was also awarded a Choral Scliolarsliip. Autuinn, Spring and Suininer concerts trjok place aloiig with termly soirees, a jaz£ evening and individual pei.foi'inaneeg in as5cmblic5. Stlldcnts perfonned for pirp 8chool asseinblies and participated in the band for the piep school end of year musical alongside pi'ofessional musicians and I￿el￿bel.5 of staff. Some students took pail in the Laster Music Course with Year I l students acting as Inentors on the course. The Carol Serviee ¢on(ained music by the Senior Choii., Senior Chainber Choir, Year 7 choir, Schola Cantowin and the orchestra, who accompanied the carols. A number of studcnis weiE given solo opportiinities witliin the.%ervicc. The aniiual music f¢stival took place in Mairh with the majority of instruinentalists coinpeting. The coveted Musieian of the Year accolade was awarded to a Year 13 student. A level music students took part in a cojnposition workshop with a visiting sti'ing quartet in orderto enhance iheii'composition skills. The siudents perfomied in 8 concert alongside the PTofes5ional playei's. Scliola Cantorum sang twice terinly Evensongs in the School Chi1pel. They also sang Evensong in Chichester Cathedral and Sling CuchaT15t in Guildford Cathedral. Choii. robes were purchased for Schola and some of th¢ ¢hoiist¢rs a¢hicved diffei'ent levels of skill within the Royal Srhool of Chiii"ch Music Voice For Life 5cheine. The Music Departnient collaborated witli the draina departinent for the Spi'ing Term musical production of Shine which was very well received. The band con)prised professional players alongside ineinbffl's of staff. The,Seiiior Chamber Choir and selected soloists perforined at Prizegiviiig. ST TERES'A'S PRLPSCHOOL Academic The last Prep School ISI inspection repoit judged the School io be"Excellenl" in all areas (the highest P(Tr55iblc rankin¥) dnd stated tliat. 'The quality of piipils, acadeinic and othei. achievements is excellent. Expeciations of all are conSis￿ntlY high and pupils of all abilities are challenged." A significant niimber of girls outperform oiher pupils theii. age in all areas and the school eoniinues to have high expectations for all girls. Extsrnally benchinarked assessmenrs deinonstra￿ that pupils make very good piogi'e55 and valuL addcd is hi¥h. 2021 resiilts indicate that appi'oximaiely 80/0 of gil'ls Inade expected progiess or higher in English testing 75Q/o of girls Inade expected pi'ogress or higlier in Matheinatics. Year on Year pi'ogress foi. our most able readers in Years 5 and 6 has InCrea￿d from 340/0 in 2016 to 600/0 in 2022, with girls achieving 2 years or mol'e above theii. Chronological age. In the Diocesan Inspection, which took place in February 2020, the Prep School was judged to be"Outstanding" in all aJEa5: 'Catholic leadeiship is oulslanding" Pupils, behavioiir is excellent" Ilapid progress 15 made as a result of outstanding teaching" Parents are ovei'wheliTJingly p051tive...piipi15 are pi'oud of their school" It was anothei. record-breaking year with regards to scholarships. 5 girls were awai'ded academic 5cholarship5, 3 gil'ls were awAI'ded Arl scholarships, I girl was awai'ded (l Miisic schol(11'5hip, 6 gil'ls were awarded Spoil Scholarships, I was awailled a Draiiia scholaiBhip. 2 were awarded tennis scholarships and l an equestriaii scholaTsIIip.

I pfilNGHAM SCIIOOLS TRUST COVEIINORS, REPORT YEAR ENDED 31 AUGUST 2022 In thc National l)riinary MalheinatlC5 ch8llenge, pupils in Year 5 and 6 excelled with a significant nujnbei. of Bronze, Silver and fjold medals being awarded. In the national CISC poetry coinpetition, bt Teres(I's gil.ls swept the boaid with I pupil gaining first place, another gaining second place aiid yet another being awarded 'Highly LominendedTrl Onc Ycar C) pupil also won the Giiildford Junioi. Citizenship cojnpetition. Sport There has been significant invesimellt in sport at tli¢ school resulting in increased staffing across the 5lte. With Prep and Senior PE departmentsjoining forces f(JT gaines aftei'nooiis, the girls arc benelitting froin TatlD5 of1:8 or ]-. l O enabling them to have bespoke attention and really develop their sporting skills. Nuineroiis fixtuies were playcd every week throughout the years and theie were a numbeT of oiitstanding individual and team achievements including.. One Year 4 pupil plated I, ai the NaÉionJl Scliools Biatliloll Chainpionships in the Under 9. Oiir Ut)der g+ IOA crtcket teaims W¢Te iilldefeated for the seasoi). One piipil in Yeai. 5 placed iti ball thi'oM' in the West Sui'iEy athletics. One piipil wa5 placed third in the National Schools Ski Leagiie Finals. Our U l O tennis teams caine 21￿ in their group in the .%urrey tennis league. One piipil was placed tliird in the Shetland Pony Gland naiional and has qiialified for the finals. Sjvitnming Pupils liave once again excelled in swimming largely due to the excelleni facilities and coaching that St Teresa's provides.. One piipil in Yeai. 6 was placed 15, in the eouiitiy for 50in freestyle in tlie IAPS National Swin)Ining Chaiiipion51iip5 Oiir U I I Inedley sNviin teaiii placed 5, iii tlie coiintiy in tlie Englisli Scl)ools Swiiniiiing Association National Cliainpioi)ships. Oiir Ui)der I I freestyle teain al'e Nuiiib¢r Oiie In the ¢OLllltry for the secoiid yeai riiiinin(Fl Music All pupils benefit fn)m ¥ broad Inu5ical education with weekly class music lessons and numei'ou5 opportunities to play in an ensemble including, the Chaiiibei. Clioir, the St Tere5a's Singers, Young Voices Choir, orchcstra, sts'ing nTchestra, wind band, guitar enseinble. All pupils performed in the annual Harvest Festivals, nativities and candlelit Carol Servicc; chapel conceils took place each terin,. Ihe Spi'ing concerts were a hug¢ success,. and the Yoiing Voices Choir perfonned in tlie prestigiou% 02 Arena. Dui'ing the acadeinic yeyi. 2021-22, a total of 30 Inusic exains were taken by Prep School in the following instrumeiits.. piano, violin, vEola, c¢llu, flute, singing, di'ums, clarinet. musical theatre and guitrdr. There were 7 passes, 20 merits and 3 distinctions. Draina continued to be a strength of the school witli specialist lessons foming part of thc cui'riculuim and numerous worksliops and perfujjiiances taking place across the year e.g. Sliakespeare for Kids. The YcaT 6 pi'oduction of 'Olivia' was 511perb with 811 girls iinpressing audieii¢e5 with theii. siiiging and acting skills. LAMDA wa5 extreimely popular with 411 girls taking lessons evely week. Of tl)e gil'ls who took a LAMDA exainii)ation, 39 children achieved a distinction and 9 children achieved a Inerit.

IFFINGHAM SC1400LS TRUST GOVF,RNORS' Rfi.PORT YCAR E4NDED 31 AUGUST 2022 CRANMORE Growth and Development The pupil roll at CTai)morc will incicase agaiii this ycaT and a real success has been Yeg1' 7 entsy. 1.he aim is to I￿aintaIn a thirc forin cntiy illto the Senior school. Flowevei., this yeaT dcmand foi. placcs was such that there aiE foul. foi'ins in Ycar 7. Having tlirce fonn cntry will also enable the school to be illcirasingly sclective. It 1% cx¢it113g to wcl¢om¢ oui. first cohoil of pupils into YcaT 9, thcrc will be a total of174 pupil8 in the senior school. Thc new Scieiice and Technology Ceiitre is undei. Construction. The on-site biiild and internal fit-out Is currently schcduled foi. coinpletion in Fehiu3ry 2023. 1-he staff car park is bcing convertcd inio a parcnts, drop off area to cnhancc the cxpcricncc for the l.ower Prep pairnts. The area ha% becn clcaied and new cladding placed on somc of th¢ Nui3ciy biiildiiig to enhance the acsthctics. Thc entrance and Irsurfacing will need a forin of planning pcnnission. In5pectioii Good Schools, Giiide CraninoTC had a coinprchensivc inspection during the Spring Terni frorn ISI. The report granted Craninore the highest pos.4ible grading of 'l,xcellent' in every category and refenEd to the qiiality of pupils. acadeinic and tsiher achieveincnts, their oiit8tanding contribiitions lo tlie lives of others and their outstanding moi-al awareness. In addition, thc eoinmen15 fr01 the Cjood Schools. Cjuidc were cxireinely positive. This confirination fi'oin external bodies has also helped io validate, the exceptional educational envimnment pupils experience at Craninore. Musie Musical perfoTmances duritjg this academic year included Projns on the Paddock, Action Day Music, Young Musiciaii Coinpetition, Junior Chamber Clioii. at Ockhain, nuinei'ou5 Nativities and C.aiDI SerYice5, Masses, Asseinblies and Soirees. Dui'ing tlie Spring Term, a music workshop and concert were held at Craninore in paitiiership with Glenesk School. In the Suininei. Tenn, strings playeis liad the oppoi'tunity to perFoiin ivith violijiist Nicola Benedetti and the Ben¢detti boundation aiid the invitatioll was extended 3cro85 the Trust and to local cathalic priinaiy schools Ill the area. The enthusiasm for Inusic is strong wilh almost 100 pupils taking ABRSM exams. Three Year 8 hoys were awarded places in the National Youth Boys Choii.. The Jubilee Choir visiied the Yehudi Menuhin School to lake pai'l in Sighi for Suirey workshops. The Bugsy Malone Band fornied of Year 8 piipils perfoimed the original score in the perfonnances at the School Production at the end of terin. During the football season, pupils participated in ovej. 250 fLXtures in an eight week period which included three succe55ful touriiainents hosted at Craninoie. l-he rugby season in¢luded over JOO Inatches and in terms of outcomes, Craninoi'e pupils won the Miiri'ay Cup and r)unkley Shield willi in excess of 250 fainilies in allendanee on the Henderson Fsel(15. The Ulo team won the Surrey Festival and the U I I teain wei'e algo undefeated. The hockey teams had the highest win percentage since hockey was established as a toir spoi'l, playing over 100 matches in a five week pei'itsd. Our cricket was iiicluded in the'ci'icket School Guide 2022,, recogni5ing tlie excellent cricket pi'ovision. In the cricket 5eas0ll, the U I I teain l'eached Ilie final aiid the U13 the seini-final, of the Sui'iey Cup. In addition. the U I I team won th¢ Pdrkside 6 side tOEirnameiit with the U13s side reaching the final of the Rokeby 6 a side louinainent. We were d¢lighted that our aililelics teain enjoyed a myi'iad of success at the West Surrey Athletics Ineeting and two pupils qualified for the national riiidl in long jiiinp. The Craninoie ski tea1￿5 weye exceptional, winning the IAPS Championship5 at U9, U I I, aiid U13. The U9 and U I I teains also woii the Siirrey 8¢hools Ski Cliampionships. At the b.SSKIA c.hampionship Finals in Noi'wich, anothei. n£iliondl event, both Ilie U12s and U14s fiiiished in second place. 'I'he sporlii)g highlights continued in swiinii)ing with 16 swimmers qualifying for the IAPS Finals, a Cranmore I'eeord. I'here have beeii Imaiiy iimpressive perforinances in squash and iii teiinis. willi two 5tiiden15 National U9 players. In Cros5- Coiintry. two pupil% represented SuiTey.'lThe refui'bislied golt'facilities on tlie Flendersoii fields now include a challeiiging 6- hole coiirse with iiew'f-box¢s and two range cages for di'iving. 10

CFFINGHAM SCHOOLS TRUST GOVCI RNORS, REPORT YEAR ENDF.D 31 AUGUST 2022 Effingham Scliools, Facilities Development On site constl'LlCtion of a iiew Science aiid Techiiology Cenlre al Cranniore began in July 2022. with complelion scheduled for FEbi'llai'y 2023. Tlie cenliE will aecoininodale senior pupils, pi'oviding stat¢ of the ait facilities. including four dedicaied science laboratories, a design and technology iY)oit), an IT sllite plus additioiial classrooins. Il L4 In addition, a new Sports Pavilion has been built at St Teresa's and Provides a welcoine shelter for spectating parents and for h05ting sports teas. Friends of St Teresa's (FOST) kindly contributed towards the c05t of this facility. iPI"a*lG Other projects during the year included- the conipletion of a signifi¢ani drainage iinproveinent project at St Teresa'5 the installation of a long juinp facility at St TeTe5a'5 the installation of a new sound system in the Cranmore auditorium, kindly tunded by the CranmoiE Parents, Association (CPA) The improvcincnt of cai. parkiiig facilities at Craninore Ongoing iiiv¢stinent in 11. infi'asti'ucture

EFFINGHAM SCHOOIS TRUST C.OVEIRNORS' RF.PORT YCIAII EINDLI D 31 AUGUST 2022 Priiieipal Risks Uneertalntles Thc Cjovcrnoi'g are responsible for ihe overseeing of the risks faced by the Trust although dEtailed consideraiion of risk is dele¥alLd to Iht Finance and General Piirposes Coimiiiittee wlio oversee the Ti'll5t Risk Register termly and annually at the ACJM. Risks arL identified, assessed and conii'ols established tliroughout the year. The mo.%t 8ignificaiit Ti%ks to thc charity are a subsianlial fall in pupil nuinbers, safeguJTdillg, and compliance issues IDL￿ether with specific fire, pedestr'ian and li￿tTiC safLty risks.. These i'isks al'e Initigated by a wide-iangii)g set vf control inea%uJes. Although wc idcntify a fall in pupil niimbers as a significant rigk we need to iecognise that the Ti'ust grown sikFnificantly and is Currently ovcr.8ub8cribcd 5ewcral year groups. We envisage steady pupil growth across the newly foi'ined EfYJng)liain Schools Trust nvcr the ncxt S ycar5 as the diaillond inodel of operation coines into effect aciDss I￿th SLhools. The Governors recognise that sites at St Te￿$2,5 and Craninore, 55 and 25 acres respectively. have generic and specific health and safety issues. Pailiculai. attentioii 18 affordcd to thL Independent School Inspection coinpliaii¢e inspection ci'iteria with specific policies in place for compliallce standaTd5 dedling with electi'ical safety, tree surveys, water quality conti'ol and rire risks within a planned prograinine of works according to risk probability, funding and tiine scale. The site-specific Health and Safety Coillinittees sit tennly to Rview health, safety und security. In the opinion of Ihe Govemors the Trust has established systems of internal conirols which should allow all risks to be Inanaged to an accepiable level in its day to day operations. It is recognised that systems can only provide iEasonable bul not absoluie assurance that Inajoi. risks have been adequately maiiagLd. The Govemors forn)ally review risk termly at the board meeting as a strdnding agenda item. FINANCIAL RIVIEW Results As the Trust inoved into its Ihird year of partnership the nuinbei. of familie5 Wlth Lhildren in both schools has continued to incrcase. This conti'ibiites to a strong fainily ethos within the paiffiieTship, and piipil nuinbeis have gi'own accordingly. The net income for ihe year was £1.034k before depre¢iatioii of £919k. A loss on inve5tinents of£81k Ineant thal the ovei'all net moveinent in funds was an increase of £34k. The financial result for the yeai. is shown on page 18. Re.serve5 Poliey At the yeaT cnd the T￿$( had unrestricted reserves of £13.7 million Inainly repi'esented by land and biiildinxs, which have been financed by the Trust's accuii)ulated surpluses and supplemented by bank botrowings. Woi'king capital diid casli flows are mnnitorcd LIv5ely in the absence of free I'esei'ves. The Govemors, policy is to continue building up reserves out of operating %uipluses, SEibjcct to reqU￿e1nen[S foi. fijrthei. capital expenditure, over the next five to ten years. Pay of Key M8TiRgemtnt Personnel The Govcrnoi's, Scnioi. LcadLrship Tewn ISLTI Remuneration Coinmittee meets annually to iEview SLT salaries to ensui'e appropriate pay agaiiist objcctives (Ind perfonnance. FUTURf, PLANS Future Directitsrt Effingham 8chools Trust now has an anrtiial income fee in¢oine of over £18inillion before bursarie5 of £3in, Li pupil I'oll of alinost 1,150 and ieTnain5 ca%h healthy. All these are strong indicators of the continuing ¢onfidence surruunding Ihe fiiture direction of the'l nist. Developnient PIAII Following on froin thc devclopincnt of ils exciting new Science and Teclinology Centre at Craninoi'e, the Tr￿st will continue to invest, and over the next two yeai'.% plans to develop the sports facilities at St TeTe5a'5. 12

EFFINGHAM SCHOOLS TIIUST GOVERNORS, Rfi PORT YEAR ENDED 31 AUGUST 2022 STATEI MF.NT OFGOVCRNOIIS, RESPOIYSIBILITIES The Governors (who aiE also directoi's of the Lffinghaiii Sehools Trust for the puiposes of coinpany law) ait respoiisiblc for preparing the Governors ' Report aiid tlie financial stateinent5 in accordance witli applicable law and Uiiited Kingdoin Accounting Standards (United Kingdoin Generally Accepted Accounting Practice). Company law iequires the Governors to prepare financial statements for each financial yeai. which give a true and fair view of thc state of a￿aIrS of tlie cliaritablc coinpany and of the incojning JEsoiii'¢es and application of resources, includiiig the incojne and expenditure, of tlic cliai'itable coinpany for that period. In pirparing these financial Slaiements, th¢ Goveinors arc required to.. select 5Ultable aC￿untIng ]x)licies and then apply ihein consistently,. observe the Inethods and pi'inciplcs in the Chai'ities SORP., make judgments and estimatcs that aye reasonable and priident., prepare the financial statcmcnts on the going concei'n basis ujiless it is inappiDpriale to presujne that the coinpany will continue in biisine5S. The Governots are responsible for keeping proper accounting re¢oi'ds that dI￿lOSe with reasonable accuia¢y at any tllne of the financial position of the charitable coinpany and enable thein to en5uie that the fin<incial statetnents coinply with the Companies Att 2006. Thcy arc also responsible for 5afegiiarding tlie assets of ihe charitable company and heiice for taking reasonable steps for the prevention and detection of fraud and other irregularities. So far as each of the Govemors is aware at the time the report is approved- their is no relevant audit infoniialion of which the coinpany's auditors are unaware. and the Goveinors have taken all sieps that they oU￿t to have taken to make theinselves aware of any relevant audit information and to establish that the audilurs air aware of that information. The Governors, Report. which incorporates the Strategic Report, was appi'oved by the Governois on 14 March 2023. Mrs um o-chairj Mr M Henderson (Co-chair)

EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT YEAR ENDEID 31 AUGUST 2022 The Goveimors present the fiiiancial statcments foi. the year ended 31 Augu8t 2022. These have becn pr¢pared undcr th¢ piDvi5ion of the Charitics SORP 2015 ènd comply with all statutory requirements and the charity's goveming document. RCFEI RCI NCI AND ADMINISTRATivf. INf4ORMATJON Govfi RNORS Mr5 A Tiii'ncr Co-chaii. Mr M 14endcr8on Co~Chair Mr A Agiu5 Mrs I l BrenIian IIEtired 15 March 2022) Dr N Clai'ke MT S I,isher IIEsigned 21 June 2022) MTS A Port Ms % Hall Mr8 % Hayes Ilev A Hill Mr l) l.loney (appointcd 15 MaTch 2022) Dr C McMuSlan (retired 21 Jiine 2022) Mr I Morgan Mr J Rourke (appointed 15 Mairh 2022) c.anon P Thompson (appoint¢d l October 2022) Mrs M Wilkinson CLERK TO TFIE GOVERNOIIS Mrs C Minikin RF.GISTf.RF.D OFFICE Cl'lii)gham Schools Trust Cflingham Elill Doi'king Surrey 111.15 6ST BANKF,RS LloydE Bank Connaught Ilouse Alexandra l eiyace Guildford Siirrey GUI 3DA SOLICITORS Mooie Barlow 'rhe Oi'iel Sydci)hain Road Giiildford SU￿eY GU13SR AUDITORS 14aysinacintyie I,l.P 10 Quecn sh.eet Place London E,C4R IAG 14

INDf4.PF,NDf4 NT AUDITORS IIE4 P()III' I'O T14E MEMBEI RS Ob E4 Ff4lNG'HAM SCHOOLS TRUST Opinion We have auditcd the fiiiancial stateinenls of Cffinghain Schools'l rust for thc year ended 3 1 August 2022 which coiiiprlse Ilie Consolidaled Statcineiit of Financial Activitie.%, Coiisolidatcd and c.harity Balance Sheets, Cotisoliddted Citsh tlow Staleineiit, and noies io thc financial stareinenls, including a suininary of signilicant accountiiig poltcie5. The financial i'eporliiig fraii)ework that ha.% been applied in their pieparatiOT] is Hpplicable law and United ICingdoJn A¢counting Standai'ds, includiiig Fiiiancial Reporting standard 102 The FI￿￿11ClaI R£poJ'iing.Sfrti7dai.d (7pJilicable in 117¥ UK oA¢l R8iJIiblir uj'li'elancl {Ullited Kingdom Generally Accepted Accounting P]2ctice}. In our opinion, thc financial stateinents.. give a ti'ue and fair view of the statc of the graiip's and of tlie parcnt cliaritable coinpany's aifaiTS as at 31 August 2022 and of the groui)'% and paT¢nt chai'itablc company's net tnoveinent in funds, including tlie incoiiie and expenditllie. for Ihc year ihcn end¢d- have been propci'ly prepared in accordance with United Kiiigdom Geneizlly Accepted Accounting Practice,. and have becll pieparcd in accoi'danct with the Jrquiieinenls of the CoInpanies Act 2006. Basis for opiniTr We conductcd our audit in aecoi'dance with International Standards 011 Auditing (UK) (ISAS (UK)) and applicable law. Our iespon5ibilities under tho.se standard5 are furthcr de%eribed in the Auditor'5 Jespoiisibililies foi. the audit of tlie financial staiementE 8ection of out. report. We are independent of the gi'oup in accoi'dance witli tlie ethical requii.eineiits that alE relevant to OUT audit of the financial statcment5 111 the IIK, iiicluding the FRC'5 Ethical Standai'd, and we have fulfilled our other ethical Itsponsibilitics in accordance ivEth thesc requirements. We believe that the audit evidence we have obtained is sufficient and appiDpriate to providc a basis for our opinion. collclu8ioiis rclating to £Ding eoncern In auditing the financial statement5, we have Concluded that tlie trustees, use of the going concem basi5 of accounting in the preparètion of the financial statements is appropriate. Bascd on the work we have performcd, we havc nat identified any Inaterial iincertainties relating to events or cui)ditions that, iiidividually or collectively. Inay ¢a.%t significant doubt on the group's ability to contlnue as a going contern for a pei'i(xl of ai lea%t twelve Inonths from when the financial stateinents are ailthorised foi. issue. Oiir respon8Ebilities and the responsibilities of tlie trustees with respect to going concern are described in the relevant sections of this report. Other inforrnation Thc trustees are Irsponsible for the other inforination. The other inforination cojnprises ihe inforination included iii tlie Directors and Truste¢8' Report. Our opinion on the financial statements does Iiot cover the other inforination and, except to the cxtcnt otherwise explicitly stated in oiir IEpoit, wc do not express any form of assurance concliision theieon. In connection with our audit of the financial statcm¢nts, oiir responsibility is to read tli¢ other infonnation and, in doing so, tonsider wlietlier the other infomiation i.% InateTially inconsistent with the finaiicial stateinents oi. oiir knowledge obtained in thc audit oi. otherwise appears to bc Inaterially Inisstated. If we ideiitify 511clI Inalcrial inconsistencie5 or apparent Inatei'ial Ini.sstateinents, we are requii'ed to dctei'Èniiie whcthei. theiE is a inaterial InEsst8tein¢nt iii the financial stateiiients or a niaterial misstatcinent of the other inforimation. If, based on the work we have performed, we conclude that theie is a inatei'ial misstatcinent of this other inforimation, we are required to IEPOrt that fact. We have nothing to report in tliis irgai'd. Opinions oli other matters preserihed by the Companies Aet 2006 In our opinion, based on the work ulldcrtakcn in th¢ coui'se of the aiidit.. the infoiinalion given in the GoveEnors' Repoil {which include5 tlie sti'ategic report and tliedll'eciors, report pirpared for the purposes of coinpaTly law) foi. the financial year for which the financial stateinents are prepaird is Consistent with the financial siatciments,. and the slrdtegic TePOFt and the diiECtoi's' repoi't iiicluded wiihin th¢ Governors. Repoi't have been prepared in accordance with applicable legal requiiEments. Matter5 on ivhieh we are requii'ed to report by ex¢eplion In the light of the knowledge and undej'slandiiig of the group and the p￿l'ent chai'itable Coinpany and ils enviToiimeiit obtained in the coui'se of the audit, we have iiot idejitified material JnssslateJi)ents iii the Goveriiors. RepoTt {wliich incorporaies the Strategi¢ Irporl and the directols, repoJl}. Wc have nothing to report in respect of the following Inatters in relation to which tlie Companies Acl 2006 requires us to poit to you if, in oiii. opiiiion.. 15

INDEI PENDEIYT AUDITORS RF,PORT TO THE MEMBERS OF EFFINGHAM SCHOOLS TRUST adequate accounting records have not beon kept by Ilie pairiit charitable company., or the pai'ent charitable coinpany financial statements are not in agreeincnt with the accounting records and returns,. or certain disclosure5 of trustees, i'emuneration specified by law are not Inade,. oi. we have not received all the information and explanatioiis we IEquire for oui. audit. RcspoTI.sibilitics of trustees foi. Ihc fiDaiJ¢ial sl8t¢ments As explained Inore fully in the triistees, responsibilitie5 Statement set out on page 13 the Governors (who are also the directors of the charitable coinpany for the pui'poses of company law) arc respoiisible foi" the preparation of the financial stateinents and for being satisfied that they give a true and fair view, and for such intemal coiitrol as the Iruslees deteiinine is necessary to enable the preparation of financial stateinents that are flee froin inaterial misstatemcnt, whether due to fraud oi. en'or. In preparing the financial statements, the trustees are responsible for assessing the group's and the parent charitable company's ability to continiie as a going concern, disclosing, as applicable, Inatteis Tclated to going Loncern and using the going concern basis of accounting unless the trustees either intend to liquidate tlie group or the parent charitable company or to cease operations, oi. have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statemcnts Oiir objectivcs al'c to obtain reasonable assui'ance about whether the financial statements as a whole air free froin material misstatement, whethei due to fraud or error. and to issue an auditor's repoit that includes our opsnion. Reasonable assur<ince is a high level of assurance, but is not k) guarantee that an audit Conducted in a¢coi'dan¢e with ISAS (UK) will always detect material niisstatement when it exists. Misstatements can arise from fixud orerrorand are considered material if, individually or in thc aggrcgate, thcy could rtastsnably be expected to influence the economic decisions of user5 taken on the basis of thcse financial statcincnts. [￿egUlarItIeS, including ftaud, are instances of non-coinpliante with laws and regulations. We design procedures in line with our ￿sponSIbl11t1£5, outlined abovc, to detect Inatcrial misstateinents in respect of iriEgularities. including fraud. The extent to which our procedures are capable of detecting iTregularities, including fraud is detailed below.. Based on our understanding of the group and the environinent in which it operates, we identified that the principal risks of non-compliance with laws and rcgulations related to the independent school regulations. safeguarding regulations, health and safety requircinents, CIDPR, cinployment law and charity law and we considered the extent to which non-compliance Inight have a Inaterial ¢ff¢ct on the financial statements. We also considered those laws and regulations that have a direct iinpact on the pl.¢pa￿tIOn of tho financial statements such as the Charities Act 201 l and Companies Act 2006 and considei. other factors such as payroll tax. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of overi'ide of controls), gnd detcijnincd that thc priiieipal risks were related to posting inappropriate journal entries and Inanageinent bias in making awounting estiTnates. Audit procedures performed by the engagement teain included.. Inspecting COTrespondence with regiilators and tax authorities. Di5CUSSlQllS Wlth Inanab7einent including consideration of known oi. suspected instances of noii-coinpliaiice with law5 and regulation and fraud. Evaluating Inanageinent's controls de5igDed to PlEvent and detect irregulai'ities. Identifying and testing journals, in particular journal entries Posted at the year-end. and Chall¢nging assumptions and judgeinertts Inade by management in their accounting estimate5 Becaiise of the inherent liinitations of an audit, there is a risk that we will not detect all iri'egularities. including those leading to a Inaterial Inisstateinent in the financial stateinents or non-compliance with regulation. This I'isk increase5 the Inoie that compliance with a law or ￿gulatIon is itmoved froim the events and iransactions reflected in the financial stateinents, as we will be le55 likely to bocoin¢ aware of instances of non-coinpliance. The risk is also giEater regardiiig irregulai'ities OCCUlTing due to fraud rather tlian ¢TfoT, as fraud involves intentional concealment, forgery. collusion, oinission or Inisrepiysentation. A further description of oui. IEsponsibilities for the audit of the financial stateinents is located on the Financial Repoiling Council's website at.. Ivivw.frL.ur -￿OnSIbL1111es. This description fonns parl of our auditor'5 repoit 16

INDF.PENDfi.NT AUDITI)RS RV.I'OIIT TO'fHE MEMBERS 01,, Li I,'IIlNGHAM SCHOOLS TRUST Ust of nur report This Tcpnrt is Inade solcly to the charitable company'q Incinbers. as a body, in accordaiice witli Cliapter 3 of Part 16 of the Compaiiios Act 2006. Oiii. aiidil woi'k has been iiiidcitaken that we Iniglit state to tlie chai'itable coiiipany's tneiiibers thuse attci's we are reqiiired to state to thcim in an Auditor's report and for no othei. piii'p05e. To the fullcst extent peiii)ilted by 12w, we do Iiot ac¢cpt or assiiimc responsibility to anyone other than tl)e char￿table coiiipany aiid the cliai'itable compaiiy'5 embers, as a b(Kly. for our audit Work, foi. tiiis repi)rt, or for the opinions we have foi'jiied. Lee 8tal(es (Scnior Statutory Auditor) for 8Ttd on bchalf of Haysmacintyrc LLP, Sthlutory Auditor 10 Queen Street Place EC4R IAG 14 March , 2023

F.riFINGFIAM SCIIOOLS TRUST CONSOLIDATED STATf,MIINT OF f4lNANCIAL ACTIVITifi OR I'HF. YEAII EtNDfi D 31 AUGUST 2022 INCOMC AND EXPENDITURE Uni'estricted Tr'unds Total 2022 Tolal 2021 Notes INCOME FROM CharitHblt aetivities 'ruitioJi fces Oihei. ediicational intoine Tradiiig actlVLties 'rTadiiig incoine Lcttiiigs liivestinent: Baiik iiitere5t Dividends Dotiations Cjciicral Gjznts 15,604,773 693.662 15,604,773 693,662 13,738,931 544,291 185.468 7.200 185,468 7,200 90.005 10,687 366 25,186 366 25,186 62 20,785 20,000 20,000 2,976 1,847 185.701 2.976 'rotal incoine 16,519,631 20.000 16,539,631 14,592,309 EXPF.NDITIJRF. ON ExpEnditMrt on Charitable A¢livily Trust operatillE eost: Teachiiig costs Wellai'e Preinise5 Support costs and govei'nance Raisiii% fiiiids Ti'adiiigj expenditUlE Fiiiance costs 9,303,323 1,760,009 3,604,486 1,670,479 9.303,323 1.760,009 3,604,486 1,670.479 8.603,958 1,335.863 3.146,374 1.625,292 22,665 63,865 22,665 63,865 10,2S8 62,993 Total expenditure 16,424,827 16,424.827 14,784,768 Net incorne l{expenditure) 94,804 20,000 114.804 (192,459) Gain5 1 (losses) on investsnent asset5 181,046) (81,0461 121,568 Transfer between fund5 20,000 {20,000) Nel movenient xn fund5 33,758 33,758 (70.891) Balance brought forward at I SepteinbeT 2021 13,681,737 13,681,737 13,752,628 Balaiice carried forivard at 31 Augllst 2022 13,715,495 13,715,495 13,681,737 The Stateinent of Financial Activities eontains all tlie incoine aiTrd expenditui'e I'ecognised in thc current and piEcediJig year. All of the Trusi's activities during tlie above Iwo financial years derived fron) coiitinuing activities. The accoinpaiiyiiikj Dotes forin parl ofthese fiiianeial slateineiits.

FfilNGHAM SCHOOLS TRUST COMPANY NUMBEI R: 045OY623 CONSOLIDATCI D AND CHARITABLE COMPANY BALANCI SHEETS AT31 AUGUST 2022 Group Trust 2022 2021 2022 2021 Notes FIXED ASSETS Tangible asset5 Investn)ent$ 18,408,485 855,462 16,639.451 911.340 18,408,485 855,464 16,639,451 911,342 19,263,947 17,550,791 19,263,949 17,550,793 CURRENT ASSETS Stock Debiorg- receivable within one year Cash and bank balances 6,750 607,044 1,962,908 64,974 213,208 1,873,070 6,750 617,864 1,793,545 64,974 207,702 1,793,742 2,576,702 2,151252 2,418,159 2,066,418 CREDITORS- amounts falling diie wiihiii one year 10 (3,561,434) {3,013,766) (3,552,444) (3,005,606) NEIT CURRF.NT LIABILITIES (984,732) (862,514} 11,134,285) (939,188) TOTAL ASSETS LE4 SS CURRENT LIABILITIES 18,279,21 S 16,688,277 18,129,664 16,611,605 CREDITORS- amounts falling due after more than one year (4,563,720) (3,006,540) (4,563,720) {3,006,540) 13,715,495 13,681,737 13,565,944 13,605,065 FUNDS Gene171 uniestricted funds Restricted funds 13,715,495 13,681,737 13,565,944 13,605,065 13,715,495 13,681,737 13,565,944 13,605,065 Effingham Schools Trust has taken the exemption froin presenting its unconsolidated statement of financial activitie5 under section 408 of the Companies Act 2006. The net movement in funds of the chai'ity as sjiown in note 14 was £(39,121) (2021- £{84.922)). The finaiicial stateinents werc approved and auihorised for issue by the Governors 011 14 March 2023 and were signed be wont r behaifby.. (c Mr M l.lei)dei'son {Co-Chaii') The accoii)panying notes form part of these financial slateinents. 19

F,f4FINGFIAM SCHOOIS TRUST CONSOLIDATfi D STATF,Mf.NT OFCASH FLOWS FOR TI.IF, YEI AR F,NDfi D 31 AUC.IIST 2022 2022 2021 Reconciliation ofnel expeiiditui'e to Iiet ¢asli lloiv froiii operaliiig at.livities Nel iiicoine / (expendilui'e) Depreciation Baiik inierest reLeived Bank inleiESt pdid Investinent iricoine Decrea%e l {in¢JEase) in stock {Inci'ease) / decrease in debtors Incitase in cJEdi(oJs In¢i'ease in parent deptssits and lees in advance 114,804 919.516 (366) 63.865 {25,186) 58,224 (393,836) 100.926 426,187 (192,459> 944,532 {62) 62.993 {20,785) {64,974) 130,050 147,399 320.136 Nel c(7shpiovided by upep'aling aLliiiilies 1,264.134 1,326,830 Cash flows froni iRvestin&p activitie5 Investinent incume Bank intei'est received Purchase of taiigible fixed asset Purchase uf investment 25,186 366 {2,688,5501 (25,1681 20,785 62 1205,6881 (20,8081 Nei cash pi'ovi¢led by invesiing uclivilies {2,688,166) (205,6491 Cash flow5 from fiiifiiiciiig activities InciEase l(i'epayJnents) of boj'rowing Baiik interest paid 1,577,735 (63,865} (149,807) (62,993) Nei cosh iised infinnncing aciiviiies 1,513,870 (212,800) Increas¢l{d¢creas¢) in casli 89,838 908,381 Cash and cash equivalents at I Septeinbei. 1,873,070 964,689 Cash and cash equivalents at 31 August 1,962,908 1,873,070 ANALYSIS OF CASH AND CASH EQUIVALENTS 2022 2021 Cash at bank 1,962,908 1,873,070 ANALYSIS OF CHANGES IIY NEIT DEBT At I Septeinber 2021 Cash flows At 31 August 2022 Cash Loans falling due within one year Loans falling due dftei. Inore than one yeai. 1,873,070 1152,210) (1,9112,558) 89,838 {11,085) (1,566,650) 1,962,908 {163,295) {3,549,208) Total 1261,698) (1,487,897) (1,749,595) 20

EFFINGHAM SCHOOLS TRUST NOTESTO THE FINANCIAL STATEMENTS FOII THE YEIAR EINDED 31 AUCUST 2022 Effingliain gchools 'Frust is a cliai'itcible coiiii)aiiy incorpoi'&t¢d in England aiid Wales. l.ui'iheJ' coinpaiiy iiifoi'inaiion can be foiind on page 15. 1.he '[ rust s5 a l)ublic Bcnefit Entity regislei'Ed (Is a cliai'ily 211 Lngland and Wales diid a Loinpany litnited by gu8raiitce. It was in¢orpoTclted on 13 August 2002 (coinpany nuinber.. 04509623) and registered as a charity on 18 December 2002 (chai'ity niiimber.. 1095103}. ACCOUIYTING POLICIEIS Basis of Accouiiting 'l-lie financial 5t(Itetnenls have beeji prepaied under the IiistoriLal cosl convention anil in dccordance willi applic&ible accounting stand<irds and the Stateiiieiit of Reloininended Pr￿CtILe Accouiiting and Repoi'ting by Charitits (Sccond .dition). the Coinpanies Act 2006 atid TrRS 102 the financial iEPOJ'linbJ standai'd applicable in the UK and the Rcpublic of Iieland. I'he group fjnaiicial slateinents consolidate the finaiicial slateinents of th¢ coinpany (Trust) and its subsiiliai-ie5, St'feresa's L.nterprises Liniited and CTaiiinoTe SLhool Eiiterprises Liinited. -rhe (iovernors have assessed whethei'the use of the going Loiic¢rn a5suinption is appropriate in preparing Ihcse accounts. Having reviewed the funding facilitie5 available 10 the Trust togcthei. with the expected ongoing demand foi. places and the Trust's futuiE projected cash flows. the Governvis have a reasonable expectation ihat the Trust lia￿ gdequatc resoui'ces 10 conlinue ils aclivities for che foi'eseeable futiire. The Govei'nors have made rhis assessmcnt in respect to a period of one yeai. fi'oin the date of approval of these aLcount5. The Goveriioi's hii ve concluded that there arc llo matei'ial uncertainties iElated to event5 or coiiditions that Inay cast 5igiiificallt doubt on the ability of the ehai'ity to continue as a going con¢eTtJ. AcLordingly, they continue lo adopt the going concern basis in preparing the financial 8tatcments. The follvwing a¢¢ounting policies have been applied con51Stently in dealing with items whicli aTe consideT¢d matei'ial in relatioft to the Trust's financial statements. b) Fees reeeivable Similar ineomc Tuition fees aTe stated after deducting allowances for awards and othcr remissions. Other educational ineatne Coinpi'ises incoine fiDlll school ouiings. aciivitses and othei. related inconie. These sources of incoine aiE included in the accounts when the likelihood of the receipt is probable and their value can be measured with Teasonabl¢ c¢rtainty. Expenditui'e ExpenditUTe i5 accrued as necessary. Charirable activity costs coinprises all expendirure directly irlatcd to th¢ obj¢cts of the Trust including direct staff cosis attributablc to each activity. Support costs ineluded within the charitable aciivity Luinpi'ise the costs of all resouires utilised to directly support the Trust's primaiy activities. Gove¥nance costs aiE those costs incurred in conncction with th¢ govcmance of the charity and its assets aiid are pi'imai'ily 8ssoeiated with constiiutional and statutory itquirem¢ntS. d) Pension cost5 The I'rust conti'ibuted to the Teacheis, Pension Defined Benefits Scheine at rateg set by the Schcine Actuary and advised to the BoaiKI by the Sclieine Adininisiraior until 30 Api'il 2022. Froin l May 2022 Teaching %taffweie enrollcd iiTr a defjjied coiitribulion scheine. All non-ieaching staff are members of a defined contribution 8¢heme, where requijed by pujsuant legislation, which coinplies with the i'equirements for a stakeholdei. pension sclicm¢. riixed a.ssets All ileins of a ¢apital nature with a value of over £l,OnO are capitalised at cost. Attribiitable b()rmwing costs are also ¢apitalised for qiialifying assets. Depir¢ialioii 15 Ca￿C￿lated so as to wi'ile off the cost of tangible fixed assets on a slraight-linc ba515 over the expected useful economic lives of the assets concerned. The principal rates used for this purpose ai"e'. Buildings Building iinpi'oveinents Plant and cquipinent Motor vehiclcs SO years 10, 20 and 50 years S, Ioand I5years 4 years Assets undci. construction are not depreciated until they are complete aiid broiight into use. Laiid is not depreciated. 21

ri 14 FINCJHAM %CI.IOOLS TIIUST NOTI.:S TO THI FINANCIAL S'I'AI'EMfiNTS (coiitinucd) IOII THF. YF.AR F,IYDfiD 31 AUGUSI. 2022 ACCOUNTING POLICIES (eonlinued) InveSt￿entS Listed iiivestinenls are a forin of basic findnLial inslruiment and al'e initially i'ecogni5ed at their transaclioii value and subsequently m¢asvred at their fair value as at t]ie balance slieet date using the closing qiioted mai'ket price. Reali5ed gaiiis (oi. losse5) gn investineni asseig al'e calLuldted as ihe diffeience between disposal proceeds and theii. opening carrying value or theii. purchllse value where the inveslinent is acquil￿d subsequent to the fiiEt day ol. Ihe fiiiancial year. Uniealised gaii)s and losses are calcLildled as the diffei'ejice betweeii the fair valiie at the year eiid and theii. carryiiig value at tliat date. Realised and iinrealised iiiv¢sliiient gains lor losses) aiE combiiied iii the statement of financial ¢lCtivities and are ciedited (oi. debited) in the y￿r in wliich t]iey arise. li) Deblors T12de and otlier debtors aTe TecoLJnssed atthe settlement ainount due after any discounts offeiEd aiid less any iinpairment. Pirpayments are valued at the 3TnouIit pirpaid net of any discounts due. i) Chsh at bank and iii hand Cash is represented by cash in hand and deposits with fjiiancidl it)stitutions i'epayable ivitliout penalty oji notice of i)ot Inort thatl 24 hours. Cash eqiiivalenls are highly liquid investinents that m(Iture in 110 Inoie than three Jnonths fix>iii the date of acquisition and thdt are readily ¢onveitible to knuwi) ainouiits of cash with insigiiifjcant risk of change in valiie. j) Creditors aiid Provisions Cyeditors provisions are recugnised where the Trust hus a present obligation resulting Iroin a past evei)t that will pi'obably result in the transfer of funds to a ihird party aiid the ainount due to SEttle the obligation caii be measured OT estiiJated ieliably. Shori ierin creditors are Ineasured at Ilieir transaction price. Other financial liabilities, lllcliiding bank loans, are Ineasured at amoi'tised cost usinLF the effective interest mEthod. k) Fund Rccounting The funds uf the Ti'ust are accounted foi. as uniystricted or resti'icted incoine, in accordance with the tenns of trust imposed by the donots or any appeal to which they Inay have respuiided. Unrestticted Funds are funds applied at the discirtion of the GovernoTS in fuiiherance of the objects of the'frust. WheiE the Governor5 deLide io set aside dny part of ilie5e fuDds to b¢ used futiii'e for soine specific piii'pose, tliis is accounted for by b'an5fei' tu the appi'opi'iate designdted fund. Designated Funds are a particular fi'om of unrestricled funds cojisssting of ainounts, which have been allocated or desigDat¢d for specific puiposes by the Govemors. The use of designated funds reinain at the discretion of the Goveillois. Restricted Funds are subject to specific conditions iinp05ed by donors. l) Leases Rentals on the property lease and on operating leases aiE charged to the Statement of Financial Activities (SOFA) over the perio(1 when they air Pdyable. m) Critical sources of e5titnatiun uneertainty #nd aecountiijg judgeiiients The piepai'ation of financial staten)eJiis ij) eoEiipliance wilh PKS 102 requii'es tlie 115e of certain critical accounting estimates. It also requires Indnagyeiiieni to exercise judginent iii applying the Ti'ust'5 accouTltiiig policies. The key judgeinents that hdve been applied by Inanagemenl ielale to the selection of ecoiiomic useful lives loi. laiigible fjxed sets and PiDVjS10515 for bad debts. 22

fiFINGI.IAM SCHOOLS TRUST NOTES'fo THE FINANCIAL STATEI MENTS (coiitiiiued) FOII THL YEAR EINDCD 31 AUGUST 2022 FEES RECEIIVABLE 2022 2021 Fees receivable consists of.. School fees Less.. Bursaries, grants and allowances Covid-19 hgrd5hip supw)rt 18,765,744 (3,095,311) {65,660) 16,903,277 {2.808,928} {355,418) 15,604,773 13,738,931 OTHER EDUCATIONAL INCOME 2022 2021 Student transport Equeslrian activities Extrds Registration aiid exain fees TrJvn-IEfvndable deposits Other 287,617 115,678 134,644 88,615 61.585 5,523 218,983 79,688 167,304 74,700 3,616 69J,662 544,291 NET INCOME FROM TRADINC SUBSIDIARIEIS The Trust has two wholly owned trading 5ub5idiaries. St Teresa's Einterprise5 Liinited and Craiimore bntejyi'ises Liinited. The principal activities of both companies arc the organisation and manageinent of coininercEal activities assoLlated with EtTinghain Schools Ti'u5t. The ¢oinincrcial activitie5 consist of tho I'¢nlal of school facilities. I'he iaxable PTofits of each entity are donatcd to the Trust under gift aid. A suinmaiy of the trading results of cach subsidiary is shown below. Profit Loss Account- St Tereasx's E4 nterprises Limited 2022 2021 Turnovei. AdministTative expenditure 116,625 (17,985) 57,947 (6,146) Net piDfit Bank iiilerest received 98,640 27 51,801 Retained in subsidiary 98,667 51,803 St TeTesa's EDtei'prises Liinited is controlled by F.ffinghain Schools Triist. One of th¢ directors of the conipany is a Govei'nor of the Trust. TransactiOllS With Effiiigham Schools Trust COnS15t of a payinent under Gift Aid and the in(ercon)pany balance which are disclo&ed in the accounts and the notes to tlie accounts. 23

EFFINGHAM SC'HOOLS TRUST NOTCIS TO THL fiNANCIAL s'fATCMfi NTS (eontinued) FOR THE YEAR ENDED 31 AUGUST 2022 NEIT INCOME FROM TRADING SUBSIDIARIES (eontinuedl Profit aiid Loss Aecount- Cranmoi'e Knlerpi'ises Limited 2022 2021 Tiirnover Adiniiiistrative expeiiditure 62,332 {11,447) 32,058 (7,162) Retained in 511bsidiary 50,885 24,896 Ci'anjnore School Lntci'prises l.imited 15 controlled by F,ffinghani Schools Trust. Both of the director8 of thc company are GovernoTS of the'l'rLlSt. Tiangactions with Effjngham 8chools Trusi consist of o payincnt linder Gift Aid and the int¢rcoinpany balance which are disclo8ed in the ac¢ountE aiid the notes io the accounts. TOTAL Expfi Nl)I'I'URE TotRI Staff Costs Other Deprceiotion 2022 Chai'itable Activity Teaching costs Welf(Iie PItinises Support costs 8,328,023 343,472 758,204 956,686 975,300 1,416,537 1,926,766 713,793 9,303,323 1,760,009 3,604,486 1,670,479 919.516 Raising funds Flliance costs Tradinbw expenditure 6J,865 22,665 63,865 22,665 0,386,385 5,118,926 919,516 16,424,827 Prior year Total Stal'f Costs Otlier Depreeialion 2021 Charltable Activity Teacliing costs Welfai'e Preinises Support costs 8.019,999 256,842 64 1,529 1,014,034 583,959 1,079,021 1,560,313 611,258 8,603,958 1,335,863 3.146,374 1,()25.292 944,532 Raisiiig funds Finance cosis Trading expenditui 62,993 10,288 62,993 10,288 9,932.404 3,907,832 944,532 14.784,768 24

ri FfilNGFIAM SCHOOLS TRUST NOTf,s TO THL FINANCIAL STATEMENTS (coiitinued) FOR THE YCI All ENDED 31 AUGUST 2022 TOTAL EXPF.NDITURE (coiJtÉtJued) 2022 2021 Included in expeiiditure is.. Audiior'5 iemuiiei'ation Audit of the financial statcments Oih¥i' non-audit sei"vicc% Inleiest payable OpeTliting leases 33,540 3,910 63.865 105.695 30,720 7,290 62,993 193,138 srAFF COSTS 2022 2021 Wages aiid salaries Social sccurity costs Other pension costs 8,354,975 810.707 1,162.908 7,771,313 775,600 1,340,456 10,328,590 57,795 9,887.309 45.035 Re5tru¢tiiring costy 10,386.385 9,932.404 Full 'fiine quivalent 2022 Full Time Equivmlent 2021 Avg. No 2021 2022 The average number of employees in thc year wa5.. Teachci'5 OiheT 134 129 118 83 128 90 208 263 201 247 The number of employees whose emoluments exceedcd £60.000 weir.. £60,001- £70,000 £70,001- £80,000 £80.001- £90,000 £90.001 £100.000 £120.001 £130.000 £130,001 £140.000 Contributions were made into a money piirchase pension scheme for Jiine12021.' eight) of tlie higher paid ernployees. Total contributions wcir £118.852 (2021.. £137,810). Neither the (iovei'Jior5 nor peibons contjected to them received any reinuneration (2021.. none). l)er50nal expenses iiiciirjrd by the Govemors duj'ing the year totalled £2,771 (2021.. £444). Key manageiiieiit personi)el coinpi'ises Ihe School Heads and the Triist Senior Leadership team. Key i￿anage1￿ent personnel received reiiiunei'aiioji of £702,242 (2021.. £716,854). 25

FFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATCMENTS (continued) FOR THE YEIAR ENDED 31 AUGUST 2022 7. TANGIBI.I; FIXF,D AS%LTS- GROUP & TRUST LAnd Illlildiijgs Asset$ undei. Conslruetltjii Building Improveijieiits Plant Molor EqiiipmcDt Vehitles COST At I Septeinber 2021 Addition5 17,588.085 3,067,907 1.499.944 54,262 22,210,198 172,816 1,971,326 385,859 158,549 2,688,550 At 31 August 2022 17,760,901 ,971,326 3,453,766 1,658,493 54,262 24,898,748 Dl4 PRECIATION At I Septeinber 2021 Chaige for the year 2,920.430 1,762,082 843,602 44,633 5,570,747 484,737 248,382 182,587 3,810 919,516 At 31 August 2022 3,405,167 2.010,464 1,026,189 48.443 6,490,263 NET BOOK VALUE At 31 August 2022 14,355,734 1,971,326 1.443.302 632,304 5,819 18,408,485 At 31 Augusi 2021 14.667,655 1.305.825 656,342 9,629 16,639,451 INVEISTMENTS Ti'ust 2022 2021 Unlisted Invesllnents Thi5 Itpi"esents the charity's investsnents in wholly owned subsidiaries, St Teresa's Enterprises Limited and Ci'animore School EnteTPI'ises I,imited. Cjroup And Trust 2022 2021 Listcd investments At l 8epteinber 2021 Additions Unrealised ga5ns l(loss&%) on investtnents 911.340 25,168 181,046) 768,964 20,808 121,568 At 31st August 2022 855,462 911,340 26

I rriNGHAM SCHOOIS TRUST NOTES TO THC FINANCIAL STATfi MEI NTS {eontiniied) FOR THE YEAR ENDEI D 31 AUGU.ST 2022 DEIITOIiS Group Trust 2022 2021 2022 2021 IleceivalTrle ivilliiii oiie year: rces and exti'as Otlier dcbtors and piepayiiients Due froin subsidiaiy undertaking 276.972 330.072 40,397 172,811 276,972 315,734 25,158 40,397 153,327 13,978 607,044 213,208 617,864 207,702 10. CREDITORS,. a]nounts lallittg due witliin one year Group Tl'ust 2022 2021 2022 2021 Baiik loan Taxatl011 dnd social security I rade crEditor5 Oihei. ¢rtditOTS and acci'uals PaiEnls' dep05ils and fees in ddvance 163,295 298,146 517,749 328,634 2,253,610 152,210 342,008 479,441 222,154 1,817,953 163,295 298,146 517,749 319,644 2,253,610 152,210 342,008 479,441 213,994 1,817,953 3,561,434 3,013,766 3,552,444 3,005,606 11. CREDITORS.. Amounts falling due After more than onc year {eontiiiued) Group and Trust 2022 2021 Bank loan Pairnls. deposits and fees in advance 3,549,208 1,014,512 1,982,558 1.023,982 4,563,720 £3,006,540 2022 2021 Long ieri)) loaii obligations are repayablc as follows.. Between two and five years In five years oi. Inore 1,081,938 2,467,270 645,015 1,337,543 Due after more tlian one year (see abov¢) 3.549,208 1,982,558 Due within one yeai. (see note 10) 163,295 152,210 Loan balance as at 31 Aiigust 2022 3,712,503 £2.134,768 Iii Api'il 2018, the Ti'LlSt eDlered a loan dgreeineiit for £1.6m with an interc5t ratc payable of Bank of Ejigland Base Rate plus a rate 2.05°/o pei- annuin. The ltsan is repayable ovei. 180 conseciitive Inonthly instalmenls, the filial payinent beiiig diie iji May 2033, aiid is secured by way of a first legal Charge on the TrLlSt's frcchold land &nd buildiiigs. 27

F,FFINGHAM SC14001,S TRIIST NOTFS TO TIIF. FINANC'.IAL STATf,MF,NTS {conlinii¢d} riOR TFif. Y[4 AR 14 NDfLD 31 AUGUST 2022 11, CRKDITORS: ymounts falliiig due after more than oDe year (continued) In Septeinbei. 2018, the Trust enteied into a loaii agreeinent for £l.Om with an inteiest late payable of 3.8750/D per ani)uiii. The loaii is IEpayable in 180 consecutive Inontlily instalmeiits in respect of priiicipal oiily, ¢oininenciiiLJ I Inoiith after the date the loan was bori'owed. In August 2022. the Ti'iist enteied a loan agi'eeinent for £2.5in with an interest late payaEile of Bank of Emgland Base Rate plus a rate 2.35 /0 per annuin. Al 31, August 2022. £1.7in had been diawn down. The loaii is Irpayable over 168 consecutive monihly instalments, comiMencing in Septeinber 2023, with the filial payinent being diie in Augusi 2037, and is secured by way of a firsi legal charge on Ihe Ti'ust's freehold land and buildings The Trust also has a £0.5m secured ovei'draft facility with Lloyds Bank. 12. FEES IN ADVANCE SCHEME Parents inay enter into a contract to pay the Ti'usl in advance for fixed conti'ibulions towards the tuition fees for up to five yeais. The Inonty may be ieturned s￿bJLCt to specific condilions on the receipt of notice. Assuming pupils will remain willi the Tiust, fees in advancc will bc applied os follvws.. 2022 2021 Summaiy of niovements in liability.. Balance as at I SeptembeT 2021 New ¢ontract5 Amounts used to pay fees Amounts refuiided 359,872 82,734 1176,071) 375,653 250,065 1158,0271 1107,8191 Balance as at 31 August 2022 266,535 359,872 13. PENSION COMMITMENTS Teacliiiig staff Folluwing cvnsultrdtion with tedching staff, the Trust left the Teachers, Pension scheine and sel up a defined contribution scheine wilh Royal London on 1° May 2022. The pension charge for ihe year ineludeg conti'ibutions payable io the Royal London Scheine of £931,480 (2021.. TPS £830,317, Royal Londvn £299,825). Noii-lellching staff The Trust uffers defined coiiti'ibulioii b51'OUP PLI'sonal pensiun plaiis through Ruyal Lundun ai)d Aegon. The Trust's vi)tributions to tlie pension scheines of non-teachiii&J staff in the yedl. wei'e £231,637 (2021.. £210,314), representing a ontTibutiun rate of betweeji IOO/o aiid 16.4Q/o. Undei. auto ejll'olineiit regulaiions all eligible eniployees must be enrolled in a qualifying pension scheine. The Trust Ineets this obligativn ai)d all eligible job liolders continue to be enrolled either with the Teacheis, Pension scheine oi. one of t]ie Gi'oup Personal Peiisiuji Plans. 28

EFFINGHAM SCHOOLS TRUST NOTKS TO THE FINANCIAL STATEMENTS (eontlnueil) FOR THC YEAR EI NDEID 31 AUGUST 2022 14. CHAIIITY'&* AcfiviTllI S The gtatcincnt of l.inancial ActivEties included with the accounts coRsolidates the activities of the parent chdl'ity, .ffiiigham Schools Ti'iiEt and of its wliolly owiied siib5idi(ii'ies, St'fere5a's Eiiterpi'ises Liinited and Crdninore Scliool F.ntcrpTises I,imited. A suminaiy ot tlie t'esult ofihe pareni rh£lrity is giveii below. 2022 2021 Ti'usl Incoine '] otal r.xpenditure 16,437,320 14.564,970 (16,395,395) (14,771,460) Net (Expenditure}I IncoTne 41,925 (206,490) (Loss) I gain on investinent assets (81,0461 121,568 (39,1211 (84,922) 15. opri RATING LTr.ASE COMMITMF,NTS Motor vehicle5 2022 2021 Amounts due: Within onc ycai. Between l and 5 years 67,371 130,345 49,450 94,643 197,716 144,093 Phutocopiers 2022 2021 Within one year Be￿eert l and 5 ycais 39.239 18.167 30,466 18,579 57.406 49,045 16. CAPITAL COMMITMF.NTS The Triist had capital cominitsncnts of £1,955.403 (2021.. £231,594) at the balance sheet date. 17. SUMMARY OF MOVEMF.NTS ON FUND. At At 31 Au%ust Income Expenditure Gain5 and Transfer Betweeii Septembe 2021 Losse5 2022 General funds Restricted fuiids 13,681,737 16,.519,631 (16,424,827) 20,000 (81,046) 20,000 (20,000) 13.715,495 Total funds 13.681,737 16,539,631 (16,424,827) (81,046) 13,715,495 29

1 1114lNGHAM SC14001S TRUST NOTES TO THE IIINANCIAL STA'fLI MCNTS (continued) riOR THL YEIAR ENDLTD 31 AUGUST 2022 17. SUMMARY OF MOVEMENTS ON FUNDS (continued) Al I September 2020 At 31 August 2021 IneoD]e Y.xpendilure Gxin5 Losses General funds Resli'icled funds 13,752,628 14,592.309 {14.784,768) 121,568 13,681,737 Toldl funds 13,752,628 14,592,309 (14,784,768) 121,568 13,681.737 Fuvd5 The Restricted Fund coinprises a donation made by Friends of St Teresa's towai'ds the new sports pavilion built during Ihe yeai. ai St TeiEsa's. The donation was subsequently transferred out of restricted fund5 when spent on the construction of the new sports pavilion and thus fiilfilling the tenn5 of the gift. 30

I F￿1￿C1]lAm SCHOOLS TRUSI, NOTCI.S I'O Tl.Ir. ri INANClikL STAI'EMENTS (Lotitinued) riOR THf. YF.AR fi,NDCI D 31 AUGUS'I. 2022 17. PRIOR YEAR STATEMENT OF FINANCIAL AcfiviTIE4S TotAI 21121 ri und5 INCOME FIIOM Charitable activili¢s 'ruition fees Othci. tducational income I'i'xding a¢tivities lading in¢oine Lettings liivestinent: Baiik interest Dividends Dongtions Cjcneral Grants 13,738,931 544,291 13.738.931 544.291 90,005 10,687 90.005 10.687 62 20,785 62 20.785 1.847 185,701 1,847 185.701 Total income 14.592.309 14.592,309 FXPF.NDITURE ON Expciidllure Charit¥ble Activity Ti-ust opei'atiijg c05t: Teaching costs Welfare PJeini5es Suppoi"I costs and govei'iian¢e Rai5iiJg funds TJBding expenditLITe Finance cosis 8,603,958 1,335,863 3,146,374 1,625,292 8,603,958 1,335,863 3,146,374 1,625,292 10.288 62.993 10,288 62,993 Total expellditure 14.784.768 14,784,768 Net income l(expeJidilure) {192.459) (192,459} Gains / (Ios5es) on investinent ¢issels 121,568 121,568 TTaiisfer between ￿IldS Net inovement in fuiids (70,891) (70,891) Balance bi'oiiglit forwai'd al I S¢pteinber 2021 13,752.628 13,752,628 Balaiiee cai'ried forivard at 31 August 2022 13,681,737 13,681,737