EFFINGHAM CRANMORE . NANOR HOUSE . ST TERESA'S AN PFNfyP .ST fE8EgA IMOFPFWIDéNr DA+.& BOAAtrI Effingham Schools Trust Annual Report and Accounts For the Year Ended 31 August 2023 Company Number: 04509623 Charity Number.. 1095103 Effingham Schools Trust. Effingham, Surrey, RH5 6ST
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT YEAR ENDED 31 AUGUST 2023 The Heritage and Values of Effingham Schools Trust In September 2019, St. Tere5a's Effingham and Cranmore Prep School fomled an exciting partnership and joined together create a new entity, Effingham Schools Trust I'che TrusE' ). The Trust brought together two ourstanding schools with great heritage and rracl< records located c105e co one another in a beiutilul arei ol Surrey. In Augusr 2023, Manor House School joined the Trust, forming a dynamic educational triumviraie. With three superb school site5 Situated irn the Surrey Hi115 {alm05t l 00 acres) and outstanding facilities, Ehe Trust is in the fortunate position ol being able to offer an innovacive model o15chooling for boy5 and girls from the age 012 -18. The partnership has enabled che formation ol co-educdcional schooling lor the Early Years, followed by single sex education vp to the age of 16. In 2025, the exiscing Sixth Form ac Sc. Teresa's, will be transformed. with a co-educacional College type campus, to offer high quality eduotion to boy5 and gir15, catering for up to 200 students. This model offers the academic benefits of single sex education along with the social benefic5 thac will come Irom the many joint ictivities between the ¢hree schools. The senior leadership teams continue to work together co ensure that Ehe benefits ol partnership are beneficcing the children and students in our care. All three schools have a tradition of exceptional pastor21 care. born out of their Catholic and Christian foundations, which has Served rhem well in these turbulent times. The Trusr schools share the sarne value5, eth05 and high standards. and with almost I,SOO pupils and over £25m of assets. the Trust is very well placed for the future. The Governing Body rhe Board of the Elfingham Schools Trust is made up of governors 35 lollow5'. Mrs Annette Tumer {Co-Chair) Annette Turner became a Governor of St Teresa'5 School in March 2014. Chair in September 20 17 and Co-chair with Michael Henderson on I September 2019. She graduated from Cambridge University having studied geography, 15 a Member of the Chartered Itjsutute of Personnel and Deve5opmenc and h35 a Master 5 Degree in Personnel Management from Kingston University. She lives in Fetcham and cen[lY retired as Vice President, HR for a US multinarional Engineering and Project Management company with 2 regioTral ollice in Leatherhead. She has over 25 year5, experience in Human Kesources, is an active member of the Catholic Church of Effingham and Fercham where she is a Catechist on the Confirmation Programme. In addition to being Co~Chair. she chairs the Academic and Staffing Committee. Mr Mike Henderson (Co-chabr) (retired 12 March 2024) Michael Henderson was a Governor o( St Teresa's School from 2003 to 2014, a Governor ol Cranmore School from 1994 and Chair from 2012. On rhe lormation of che ElliTrgham Schools Trust in September 2019 he becatne Co-chair with Annette Turner. He qualified in London as 2 Chartered Accountant in 1961 and joined a small industrial Group in 1965 latsr renamed Coo1<50n Group PLC la FTSE 100 Company) in 1984. He was appointed to the 8oai'd in 1975. Managing Director and then Chief Executive Irom 1978 and Chairman and CEO in 1989. He has lived in East Horsley Since 1973 and is an active mernber ol the Catholic Church in Elfingham, a Council Member and on the Executive Committee of the Catholic Union ol Great Brltain and was appointed a Knight of the Holy Sepulchre ol jerusalem in 2005. In 2022 he wa5 awarded Knight of St Gi'egory IKSGI, a Papal Award for his Services to Catholic Education.
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT YEAR ENDED 31 AUGUST 2023 Mr Michael Agius M%chiel Agius joined the Trus¢ on I SepLembei' 2019 having been a governor at Ci-anmore since 2013. Michael Agu5 15 a Chartered Engineer and FeSlow ol the Institution of Civil Engineers. He Started working with Hertfordshire County Council in1966, moving to Sui'rey in 1974, living first in Fetcham and then moving ¢0 Effingham in 1978. He worked with Leitherhead based civil engineering consultants Howai'd HumphreyslB&RIKBR, staying with them until he retired at the end 012005. 20 years ol ihi5 period was spent over5ea5, 15 years in Tanzania. l O years as Managing Director ol Howard Humphroys Tanzania and then S years in Greece, as one of three Pi-oject Managers on the construction of 680 km ol mocorway from the Adriatic to Tui'key. He has been an active parishioner at Effingh3m 2nd Fetcham sinte 1974. He was previously che Chair ol the Cranmore FiThance and General Purpose5 Cornmiccee and is the Trust's lead Governor for Catholic education. Dr Nick Clarl<e (retired 12 March 2024) Nick Clarl(e joined became a governor ol St Teresa's School in january 2019. He scarEed his career in academii as a mathemarician speciilising in research in the field of cornputational fluid dynamics. For the last 25 years he has been a quantitative analyst in the investment industry, applying science and technology to the art of generating good investment returns while conti-olling risk. He lives in Guildford with his wife Charlotte and their two boys who are attending Blossom House and Ripley Cour¢ local prlvate schools. Mrs Anne Fort (retired 31 August 2023) Anne Forc joined the Trust on I September 2019 having been a governor at Cranmore for many years. Anne is the Chair ol the Acidemic and Sifeguai'ding Cornmitcee with responsibilitie5 a5 both rhe Special Educational Needs Governor and Ci-anmoiE Saleguai-ding Governor. She 15 3 member of the Chai-tered Institute of Linguists and of che Institute of Trdnslauon and Interpi-eting. After worl<ing for a large multin2Lional manulacturing company followed by a reinsurance cornpany, She has run her own business as a freelance translator for rhe past 30 year5. She is a practising Catholic and also an Officlal Prison Visitor. Ms Sally Hall Sally Hall became a governor in March 2020. She is a Geography graduate of the Universiry of Sheffield, where she a150 gained her PGCE. Sally ha5 caught in the independent secior lor a1rn05t 20 years and 15 Deputy Head Pastoral and Designated Saleguarding Lead at St George'5 College. Sally is also pai-t ol Suri'ey's Schools and Education Safeguarding Forum. She ives in Weybridge and enjoys travel, cooking. jogging and watching m051 Spor especi211y her home team, Wolverhampton Wanderers. Mrs Sally Haye5 Sally Hayes became a governor of St Teresa's School in july 2014. She is the lead governor for St Teresa's Prep School and is a member of the Pastoral and Safeguarding Committee. She was a Lloyd's 3rol<er for eighteen years before becoming a mother to twin daughiei's who wei-e educated ac SE. Teresa's. She now works as a nursery assistant it a Ioc31 school. She wa5 Chair of the Friend5 of Sc. Tei'Èsa's lor eight year5. She is the Designated Governor lor Child Protectyon. Father Alex Hill (retired 31 August 2023) Fr Alex Hill became a governor of S¢ Teresa'5 School in july 2013. He is i member ol the Pastoral Committee and Safeguarding Cominittse. He 15 a married Roman Catholic parish priest in West Byfleet with two primary aged children. He is a foi-mer Anglican clergyman who converted to Caiholicism 13 years ago. He has a degree in primary education and a MA in Theology fi-om Leeds. Hi5 interests include F I, TudorlStuarL history and church art.
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT YEAR ENDED 31 AUGUST 2023 Mr Damian Honey Damian Honey became a Governor in February 2022. He was educated at Stonyhurst College in Lancashire, and is a Law Graduate of the University ol Sheffield. After studying at Bar School in London and qualifying as a barriscer. Damian then requ1r1ed as soliciior. Since 1996 Damian has worked lor Holman Fenwick Willan LLP. In 2003 he became a partner of the firm. Since then he h35 served terms on the Management Board and SLrategy Board ol the firm, and is currenily the Head of International Arbitration and the Global Key Client Partner. He is a Freeman ol the Ci¢y of London and a Liveryman ol the Worshipful Company ol Bowyer5. Damian has lived in Gre3c Bookham since 2002 and his two daughters attended St Teresa's. Ms Margaret Kieran (appoknted I September 2023) maaret graduaied from St Mary's University, Twickenham. She is 2 dedic2ted educator with a passion lor fostering the intellectual. social, and emotion21 development ol young learners. Throughout her career. she has embrnced diverse educarional environments, gaining invaluable insights and experience5 that have shaped her approach ro teaching and leadership. She has worked in both the State and Independent Sector of Primary Education throughout her professional caer. She worlced at Cranmore School as a young teacher and left in 1984 to have her first child. She sub5equendy worked in Asia lor ten year5, teaching in Hong Kons japan. and Thailand. She repatriated in 2004 and was thrilled to rejoin Cranmore School. She was appointed Head ol the junior Departtnent in 2010 and retired from teaching in 2017. A year after her reiirement she was appointed a5 a Governor of Manor House School and became Chair of the Education Committee. She was delighted to be invited to join rhe EST Board in September 2023. Margare¢ has many interests which include travel. yoga, walking, reading. arts and crafts of any lorm. but most importantly she values spending precious Lime with her family. She continues to have a love ol learning and in 2022 became a qualified NLP practitioner, with particular reference to the mental health of young children. She lives with her husband in Guildford and is a member of the Catholic parish ol Guildford. Margaret is gracelLtI for the opporrunicy co contribute to the advancement of education and the well- being of students, and she looks forward to continuing this journey with enthusiasm and dedication. Mr lain Morgan lin Morgan became a goyerthor of Sc Teresa's School in lanu2ry 2017 and since September 2018 he h2s chaired the Finance and General Purposes Committee. He 15 a Chartered Accounranc and a Chartered Engineer with an Engineering BA from Cambridge University. With over 30 years, experience in Finance he is working as a Finance Director at in internauonally important Civil Engineering toncrnctor where he also chairs a pension fund committse. lain is married and lives in Bookhaffl. Hi5 3 daughters were all educated at St Teresa's. Mrjohn Rourke John Rourke began his academit eareer lecturing in the Univer5i¢y of Wales. He subsequenrly moved into school ièa¢hing, becoming Head of Gunnersbury School in Wesc London, and ulrimatrly the founding Principal of a Catholic sixth form college, St Charles, also in London. UpoTh retiremenc in 2002 he co-founded and managed the educacional consultancy ALPS IA Level Performan Sysceml for a (urther fourteen years. He has served a5 Governor at several educational insticutions, including being Chairwnan of a University College, an Academy. and St. George's College Weybridge. He has a150 served on local and national educatlonal bodies, and on the educational board5 of two dioceses. He was appointed CBE {New Year Honours 20001 and KSG {Papal Honours 20021. He live5 in Weybridge, 15 actyve in parish life, and became a Governor of the Effingham and Cranmore Trust in 2022.
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT YEAR ENDED 31 AUGUST 2023 Mr5 Geraldine Sims-Bra55ett (appointed I September 2023) Geraldine became J Governcjr of Manor House School in Itbcl and wa5 appointed the Chair of Governor5 in {¢bc). A5 well as hei- ongoing re5ponsibiliLies for Manor House School, Geraldine is also a member 06 borh the Board and Finance and General Purposes Committee ol the Effingham School fru5L. Geraldine is a Fellow of the Pension5 Management Institute and works as a senior consultant for a pensions consultancy where she specialises in delivery ol regulatory change project5. She resides. wi¢h hei- hu5baod in Fetcham 2nd ha5 two gi'own up children. Canon Paul Thomp50n (appointed l October 2022) Canon Paul joined the Elfinghim Schools Trust in October 2022. Educated at Cvddesdon Theological College and the Univer51ty of Oxford. He was ordained to the priesthood in his horne Diocese ol Liverpool, inicially spending three year5 as Curate in Kirl<by new town, bÈfore moving to in ecumenicil appointment in the world o( educition and indusrry in Knowsley. joining the British Army as Chaplain 500n followed. with several tours ol duty in teachingltraining establlshments. Durtng that period. completing two tours in Northern Ireland, and further Operatioal tours in Bosnia and Kosovo. In 2001 Paul was appointed Senior Chaplain at Epsom College, a co-ed HMC boarding school. Thi5 role involved total involvement in the schotsl. Teaching 'A' level and GCSE RS, Philosophy, Ethic5 and New Testament. Sports toach in rugby. hocliey, cricket 2nd soccer, and of course li¢urgic31 oversight in the daily worship of the College Chapel. For the last three academic years he has been worl(ing part time at St Tere5a's, leaching various year group5 and assisting the work ol the chaplain. He is Hon. Canon ar Guildford Cathedral, and firmly believes it is a privilege. to be called work with the pupi15 and staff committed to our care and oversight in the field ol education. Although now living in North Norfolk Canon Paul hopes to play his lull part the ti-ust and prays that this will bear fruit that will endure. Mrs Maureen Wilkinson Maui-een Wilkin50n has been a govemor at St Teresa's School since December 2015. She is a member ol the Finance and General Purposes Committee and is the S¢ Teresa's Health and Salery lead governor. She is a property solicitor and le2d5 the re5iden¢ial Real Estste team of DMH Stallard as a parmer in Guildlord, having previously been a partner at AWB Partnership where She qualified in 1989. Maureen lives in West C13ndon and is a lormer pupil of St Tere5a's, together with her sistei-5, and is Very interested in the devdopment of the equestrian centre having previously represellted the School in show jumping.
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT YEAR ENDED 31 AUGUST 2023 The Governor5 of Effingham Schools Trust presenf their Annuil Report and Accounts for the year ended 31 August 2023 under the Companieg Act 2006 and the Charities ACL 2011. including the Directors, Report and StraTrgic Report under the Companies Ac¢ 2006, che Memorandum and Articles of Association and the Charities SORP 2015. History and Constitution Sc Teresa's School was established in 1928 and was previously operated by the Institute ol the Religious of Christian Instruction. St Teresa'5 School Effingham Trust wa5 set up on I September 2002 and is a charicable company limited by guarantee. The Trust was renamed the Ellingham Schools Trust on I Septembei- 2019 as Sr Tere5a'5 School merged with Cranmore School on that date. Cranmore School was established in 1968 a5 2 Rom2n Catholic School as parc ol che Diocese of Arundel and Brighton Charity. In order to becter tnanage the School. it was ègreed to make Cranmore School a company limited by guarantee operating as a charity in its own right on 31" August 2011. The original Memorandum and Arucles of Associatyon ol Sc Teresa's School Effingham Ti-ust, dated 9 August 2002. have been 3mended although the new Elfingham Schools Trusc Articles of Association dated I l October 2019 are substanrially the same. On 31" August 2023 Manor House School joiThed Effingham Schools Trust. Litde Bookham Manor House School was founded in 1920 and it is constituted as a company limited by guaraniee, re81Sred in England and operating as a charity known as Manor House School. It became a wholly owned subsidiary of Effingham Schools Trust at 23..59 on 31, August. The assets and liabilities ol Manor House School are thus consolida¢ed with the accounis ol the Trust. In addition, the Charity has two wholly owned subsidiaries, St Teresa's Enterprise5 Limiced and Cranmore Enterprise5 Limited. whose principal activity is the organisation and m3n3gement ol the commercial acriwicies associated wirh IheTrusi. The commercial activities primarily consist of the rental of School facilities. A summary ol the activities of Ihe 5ub5idiaries is outlined in note 4 of the accoun15. The accounts ol these trading subsidiaries are consolidated with the accounts of the Trust and the profits are gift aided to the Trust and augmenr the funds available lor bursaries 2nd assisced places. Objects The objects ol the Trust are'to advance education by conducDng any boarding or day school or schools for children ol the Roman Catholic religion with or wichout other Christian 01- non-christian children, and to carry on such other charitable works as advance the Roman Catholic religion.. Aims The Trust will encourage Each pupil to rejoice and do well through Ihe pursuit of academic excellence across the curriculum and beyond,. will provide support. encouragement and challenge LQ every pupil EO develop cheir lull potential ia preparation for Ehe future,. and will promote high scandards ol personal behaviour and the developrnent ol moral and Spiritual values in each ptspil.
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT YEAR ENDED 31 AUGUST 2023 Vision The Trust prides itself on helping eich Student to realise hi51her academic potsntial and. as a Catholic Trust, recognises the gifts and calents of all the children alld young people. Therefore. Ihe overall performance of the Trust is of prirne impor(ance but not at the c051 of che individual pupil. The Trust will not remove weak pupils to improve league tables but will work with each pupil to help him or her achieve the besL of his or her capabilities. Siblings will gain automatic eniry to the Trust and pupi15 in the Prep Schools will haye an automatic right of entiy irTrto the Senior Schools provided their literacy and numeracy abilitie5 enable them to acces5 the Senior Schools, curriculum5. Our schools have a Christian ethos with strong clearly defined values expressing Faith. COmmnIty, Character, Compassion and Intellett that are accessible to 211, understood by all and are lived by all in the School community. The Pastoral organisacion of the Schools is designed to help support these values and care for each pupil as an individual within the School family. The Schoo15 value their staff, both teaching and supporL giving them every opportunity lor personal development through trainingi CPD and annual assessmenL The Schools will be lully resourced over time in buildings, facilities and equipment to provide an envii-onment that enables delivery ol this vision lor the Trust. The merger between the Schools io create a co-educational Diamond fvlodel school offers the benefits of the co.ed classroom ¢0 young pupils, the benefits of single sex in later prep secondary years. before finally returning to to-education at Sixth Form with shared values and ethos. We believe that this has opened up exciting p055ibilitie5 which will build on the vison and achievements of both schools as they move forward togecher with renewed confidence to develop the diamond model of education in this part of Surrey. Public Benefit The Governors recognise the duty imposed upon them by Section 17 of the Chariries Act 201 l and also the requirement to have due regard to the general gtFidance provided by the Charity Commission in connecLion with Public Benefit. The Catholic and Chi'istian ethos and values of the Schoo15 ha5 alway5 been to encourage student5 to be ouiward lookitFg and compassionate toward5 Others and this is demonstrated through numerous charitable projects which take place acr05S the year. During the year the Trust continued to enhance its links with the local community. A number of local schools have accessed the Trust's educational facilities, for example local sports club5 and state Schools have used the Trust's swimming pool5. sports halls and 5portS Pitche5 and local childi'en regularly ti-ain at the Schools. Local churche5 and chariries have utilised the Trust's theatrÈ and other facilities and ihe Trust's laciliries are also provided without charge lor deanery meetings. The Prep School Choir and Cranmore Choir5 hive supported local events such as the ville harvest festival and Christma5 service5. The Trust has been active in 5upporung many charities, including Cancer Research, Macmillan Cancer, Cherry Tree& Shooting Star Children's Hospice, Place2Be. #Team5Sea5, The Prince's Trust and St Kizito School. As part of our Harvest Festival celebrations. more than 400 food items were collected for Dorliing foodbank which pupils then helped co deliver to the Foodbanlc warehouse., at Christma5, pupils took part in The Shoebox Appeal with shoeboxes being filled with gifts for children who would otherwise not have anything to open on Christmas day. Thi5 year the Trusr awai-ded scholarship5, bursarie5 (including l OOY aSSlSted places) 2nd allowances of £3,454k representing 16.5% 01 gross fee income of which bursaries and assisted places 1-ePSented 5% 0( gross fee income. The Governor5, policy is to award scholarships on the basis ol outstanding ability and to provide bursaries as suppori for parents in financt31 dilliculties to enable their children to remain at the School. The Trust operates an Assisted Place5 Scheme for children who would not ordinarily be knle to afford the fee5. A nutnber ol pupi55 were covered by the scheme. including refugee children fi'om Ukraine, and the total benefit lor assistrd places this yearwas £115
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT YEAR ENDED 31 AUGUST 2023 STRATEGIC REPORT REVIEW OF ACHIEVEMENTS AND PERFORMANCE- THE SCHOOLS THIS YEAR ST TERESA'S SENIOR SCHOOL Si Teresa's Senior School continues ro prowde an outstanding c3clOn thèt has en2bled all gr15 at both GCSE and A l&vel to achieve academic success. The value-added scores remain high. with our ALPS 3-year rolling average p13cing our Sixth Form performance within che top l % of schoo15 nationally. Details of our A level results may be fond in the cable below.. ear 023 Entries 14.1% 5.1% 71.8% 1..5% it.>kkbl¥ 7.2% 9% 9.3% 8.6% 2.2% 8.6% loo% i ooy. loo% 9% 9% 022 021 020 019 018 3.2% 4.6% 9.3Y. .9% 9% oy. 5.4% SY. 9.4Y. 5% 87% 3.9% 7% 2.4% 6.71. 84.3% 83Y. 130 102 6.9% In a year chat saw the transition of grade boundarie5 5hilting back to pre-coyid levels. our A level cohort demorFstrated the strengih of cheir academic ability through a fanca5tic set ol re5ulrs. The proportion of girls achieving cop end grades remained significantly higher than the 2019 cohort. All were successful in gaining places at university, with 38% attending a Russell Group University. Our GCSE resulrs are below.. Grade Cumulaiive % 14.9 14.9 14.3 29.2 19.7 48.9 26.2 75 92.2 98 99.5 99.8 Value Added grddes continue to be strong at GCSE. The analysis highlight5 the following subgroups performed exceptionally well- &)arders 11.21, pupils for whom English as an additional language10.91 and S¢holarsl1.21. ISI Inspection In May 2023. the educational qualiry inspection highlighted that all a5pect5 of academic development were graded a5 excellent. The report highlights that 'Pupils demonstrate excellenL levels ol academic achievement as a resulc of highly commltted senior leaders and reacher5 who ensure 211 pupils, including those wirh SEND and EAL, achieve beyond their potential in public examinations., The report recognises that pupils are equipped with communication sl<ills and study skills Ih2t enable them ¢0 excel. Pupi15 are recognised as being 'determined learners" who 3re 'parcicularly good at taking ownership ol their own learning., The report also highlights that'pupils work ac levds beyond (heir chronological age and they clearly relish rhe challenges this presents. In general, che ISI inspection fourd St Ter@sa's to be excellent in all ai-eas, and particularly praised our pasroral support, emphasis on independent learning, and wÈalrh ol co-curi'icLSlar oppoi-EuniLies lor gil-ls.
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT YEAR ENDED 31 AUGUST 2023 Muslc Thi5 wa5 an incredibly busy year for the music department. Concerts included Lower and Upper School Recitals. Music Scholars. Recital. Spring Concert, Lhe Opera Evening, jazz evening and Classical concerts. The year 7 girls took a prominent part in the opera evening joining forces with the Symphony Orchestra and two professional opera singer5. The Cla5SIC21 concert allorded students the opportunity to perform music ol the Baroque and Classical era5 on period instruments and with accompaniments as they would have originally been performed. In the jazz eveningb girls performed and worked with a professional jazz trio, ga4ning Insight inro the world of performing this Style ol music. Girls from years 7 and 8 took part in a workshop and performance with the London Community Gospel Choir at Cranmore. collaborating th glrls from the prep school and boy5 from Cranmore. Schola Cantoi-um sang lte termly Evensongs in the School Chapel, in addiiion to leading the music in school masses and a mas5 lor the late Queen. The choii- sang Evensong in Chichester Cathedral and Mass in Arundel Cathedral. Some of the choristers achieved different levels of sl<ill within the Royal School of Church Music Voice For Life scheme and a number ti2velled Eo Winchester to take pirt in in RSCM workshop, culminating with the Singing of Even50ng as part ol a massed choir in Winchester Cathedral. One 5tudenc gained a place at junior Trinityb Saturday morning college and another student gained a place in the South VVe5t Surrey Youth Orchestra. Two trumpeters won the ensemble cla55 at the Kingston Music Festival and were awarded the Addison Denny Rosebowl. Towards the end of the year one other student joined the RAFAC Surrey Wingband which included performing at Brookwood Miliury Cemecry. The music department collaborated with the drama department lor the Spring Term musical production tsf Hairspray which was very well received. The band comprised professional players alongside members of staff and scudents. Perfomiing Art5 DramL Excellent set of GCSE results.. l 00% 5-9, 50% 7-9. The number of girls pursuing the Performing Arts post GCSE continues co grow, with 60 % of our GCSE cohort going on 10 study Drama at A level. Dance.. The girls did well with their GCSE re5ults'. l (x)% 5.8, 60% 7-8. We were delighted to be able co launch A Level Dance which will start in September 2023. LAMDA.. Outstanding resulis throughout the year. 100% 0i5tinction for the Summer Examination& 70% Oistinction ind 30% Merit for ihe remainder of the year. The number ol gir15 taking LAMDA remains consistently high. Productions.. This year the Performing Art5 Department produced two whole school productions. As with all of our productions tho gil'ls land audiencel are introduced to a new style andl or genre of performing and in the Autumn Term che Performing Arts Department performed a promenade performance of'ftomeo and juliet.. The production was the first one with boy5 from Cranmoi-e School joining the CaSL and crew and a number of members of staff were a150 involved as extri characters ai-ound the school. In the Spi-ing Term the girls perlormed 'H3irspray'b which wa5 a huge success. Each of these production5 had a company of 70-80 girls. In the Summer Term pupils performed in the Performing Arcs Evening which showcased ihe many talents of our 3Ctors, dancer5 and LAMDA students. Performances.. Year 7 performed in their very own Drama Festival in the Summer Term: perlorming and directing plays wi-ltcen by themselve5. Their piece5 were performed 25 an evening of theatre for their year group. Year 9 also performed in the Summei. Term in front of one another as a special evenu performing their devised pieces 'Truth and Connection,, which they had been working on in their Drama Sessons. Clubs.. Diama Clubs for Year 7, Year 8 and Year 9 continued to be popular, as well as Film Club, Musical Theatre Clubs and Dance Clubs. They were all well attended and popular. Marlc lermin's Srage and Screen clvb continued their popular alter school club and Lheir agency had 2 numbei- of oui. students auditioning lor Various films, programmes, voice overs and adverts. Marl< lei-min Productions also hosted their Lhird re5idenEial summer course here in july which was a huge success.
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT YEAR ENDED 31 AUGUST 2023 Success outside of school.. a loc of our girls continued to pursue the Performing Art5 Outside of school and we continued to have a number of our pupils in sotre of the top Dance Schools, Ihea¢re companies, yOUEh theatre groups &nd Conser¥atoire5. Some ol our actors and dancers also perlormed in a number ol productiotb5 Outside of school. Some of che dancers competed at regional and national level compeiiuons. A number ol our pupils continued to have agents and work within the industry, Sport We made the Top 200 sptsrLing 5choo15 of 2023 (independent and sEate} in the School Spori Magaz&ne', reaching the top 200 means yots are in the top five per cent of sporting schools in the country. We are honoured by thi5 accomplishment and strive to achieve a higher posirion year on year. The School's partnership with Guildford Hockey Club has gone from strength co strength, providing the studencs with invaluable. specialist coaching alongside our new Head ol Hocke¥. Mrs Elliott (National Premier League player. The main priority of the programme was participation and an increased number of fixture5 ind club opporiunities. Thi5 target was exceeded with more girls out on the Asirofurf chan ever. We continue to have many students being iolo¢Led lor the England Hockey Player Pathway 2nd Surrey, and two students won the England Hockey's U I S Challenge Cup competition in Nottingham. NeLball ha5 thrived this year with increased parricipation acros5 2113bilities within Ihe school. We have a number of students $eleCd for the Surrey county and developmenc squads throughout che year groups. Our U12A team are district netball champions, with the U13A and U12B reams coming 2nd In the district and the U13B team coming 3rd. Maay Students continue to swim competitively at county. regional and naiional level. History was made chis ye8r. with all ams (junior, inLer and Senior) qualifying for the EA National Finals at the London Aquatic5 Centr& in boch the freestyle and medley relays ILOP 20 schools in rhe £ouniryl. The junior team achieved 4ih besL in the country. In the ESSA individual's competition, we achieved 2nd place overall in the couniy. The srudents continue to enjoy early morning cross-country club and have compeced in many fixtures with multiple podium positions obtained throughout the year. This included meda15 achieved across all age groups at the Guildford High Cross-country relays where we competed against the top schoo15 in the area. Three 5tudenLS qualified to represeni Surrey in the County Cross-country finals and five students qualified lor Ihe National School's Biathlon finals. We continue our strong partnership with Horsley and Send Cricket Club. where we have the opportunity for Specialist coaching throughout our game's lessons, training sessions and tnatches. We have also been able to urilise Eheir excellent facilities lor hardball fixcures 35 well a5 encouraging more srudent5 to play lor a cricl<ec elub. Four 5tudenis represeni the county in the Surrey Cricket programme. The tennis progrnmme has shown substaniial growth in participation and performance. We have embraced the'sport for all, approach and the students have been encouraged 10 play lenni5 regardless ol their abiliLy or experience. We introduced 3 'recreiuonal' club ai lunchtimes and we also increased the Wburnber ol friendly matches in the fixrure5 progratnrne to provide more opportunity lor those players that wanr to expei'lence competitive matche5. We came 2nd in the U13 Surrey League and made the playoffs ol the U13 LTA Youth Schools compecition. We also entered the ISTA urnament it Eton College for che lirst time where we won the U13 Plate competioon. We also won the Surrey festival atul I. The Athletics teams competed in the Districc and National ESAA competitions, as well a5 in friendly meets. The junior Athletics team progregsed to the Re&onal 'B' final for the National ESAA compÈtirion.
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT YEAR ENDED 31 AUGUST 2023 ST TERESA'S PREP SCHOOL Last year, St Teresa's Prep School was inspected by the Independent Schools Inspectorate IISI}. The inspector5 judged the School to be"Exce15ent" in all areas (the highest possible ranlcingl and stated that.. The quolity of the PuPi15' ocodemic ond otlier ochievements is excellent, All PuPi15 moke excellent Progre$5 Os a result of effe(iive support by dedicoted stoff. Pupils ore highly owticulote and wegulorly use odvanced vocobulory. Pupils exhibit excellent ottitude5 to their studies. Pupils ore hiEhty competent users o(ICT. Pupils exhibit excellent morol understanding ond disploy excellent manner& PuPi15' spiritual oworeness is highly developed. In the most recent Diocesan Inspection, the Prep School was judged to be 'Outstanding" in all areas wlth inspettors commenring that.. Catholic leadership is outstunding PuPi15' behawour 15 excellent Rapid Progress is made 05 0 result of outstonding teoching Porents ore overwhelmingly P05itive...PuPils ore Proud of their school A signtficant number of girls outperfoi'tn ocher pupils their age in all areas and the school continues co have high expectations foi- all gir15. Externally benchmarked assessments demonstrate that pupils make very good progress and value added is high. It vras anorher record-breaking year with regards to scholarships. 9 girls were awarded academic scholarships. 2 girls were awarded Art scholar5hip5, 18irl w35 awarded a Music scholai-5hip. 7 8ir15 were awarded Sport scholarships, 2 were awarded Drama scholarships 2nd l an equestrian scholirship. In ihe National Primai'y MathemaEiCS challenge, pupils in Year 5 and 6 excelled with a significant number ol Bronze. Silver and Gold medals being awarded. One pupil won first place in the Rotary national photographic award. Sport 5igniticani investment in sport at che school continued, resulting in increased suffing across the site. With Prep and Senior PE departments joining forces for games afternoon5, the girls benefitted from racios of 1..8 or I: l O enabling them to have bespoke attention and really develop their sporting Skills. Numerous fixture5 were played every week in every year group and there were a number of outstsnding individual and team achievements.. 7 girls quolified [or the Nolionol Biathlon ChomPionshiP5 in Qdober und 2 were pluced in the top 15 P051tlOn5 in the country. The UIOA football team were ijndefeated ond the Ul I football teom pI<Ked 9 in the county ot the IAPS footboll tournomenL The UIOA hockey leom ploced 3 in the 5urrey Schools tournoment ond the Ul IA hockey teom won the Royal Russell hockey tournoment. 2 gir15 in Year 5 pluced I, ond 2. in the country the IAPS Judo competition. Four girls took port itt the Surrey Schools Skiing ChamPion5hiPs individuolly ond os a teom. The girls excelled, with l Yeor 4 girl reloining her title as Surrey Schools Chompion. The UIOA neiboll ieom plIKed I" in the Downsend netball tournon7ent in the Spring Term. The Ul I tennis teom ploced I, in the Surrey Tennis Fe51NOI. In the West Surrey athleti. we goined 6 Podium ploce5. 1 Eirl placed 2. in her 800m roce. l Eirl ploced I, in her 800m. 3, in long lump Gnd 2. in 200n7. Another girl ploced 3, in high jump and I ploced 3 in jovelin.
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT YEAR ENDED 31 AUGUST 2023 Music All pupils benefit from a broad musieal educarion with weel(ly clas5 music lessons and half class instrumental lessons. There are numerou5 opportunitie5 to play in an ensemble includin& the Ch3mber Choir. the St Teresa's Singers, Young Voices Choir, orchestra, string orchestra, wind band, guitar ensemble. All pupils performed in the annual Harvest Festivals, nativities and candlelit Carol Service,. chapel concerts took place each term.. the Spring c¢n¢eri was a huge 5ucce5s', and Lhe Young Voices Choir performed in the pi-esiig'ous 02 Arena. 70% 01 pupils now learn an instrument and results in As50C12ted Board Music Examinations are oucstandin& Drama and Dance Drama continued to be a strength ol the school with specialisr lessons forming pan of the curriculum 3nd numerous worlcshops and performances ttking place icross the year e.g. Shakespeare lor Kids. The Year 6 production of 'Mary Poppins, was superb with all girls impressing audiences Wifh their singing and acting sl(ills. LAMDA was excremely popular with SO girls raking lessons every week. Of the gir15 who tooli a LAMDA examinaon, 39 children achieved a distinction and 9 children achieved a merit. One pupil was cast in a new animation series '1sadora Moon, where she will be voicing the character ol Mirabelle Srarspell a mischievous half witch, half fairyl She also voiced the lead character of Paula in Number Squad 123 lor Sky kids TV. One pupil won numerous medals in dance, including 3 gold medals and a gold plus medal at the Destination Dance cornpetition in Sevenoaks. CRANMORE It was afi excellent year a¢ Cranmore. with lots to celebrate as we continued to grow the school and develop the site. The upward trajectory ol pupil numbers for the next academic year meant thac Cranmore was full. The school reached the 525 pupil roll loWed by the Ciepartment lor Education and triggered the need for a material change inspection. Once the inspection was completed, the DIE confirmed Lhat due to the addition ol classrooms and stite-ol_the-art facilities provided in the Science and Technology Centre the number of pupil places that Cranmore can accommodate Increased 650. We are now looking forward to our first Year I I cohort in the Senior School and have worlced hard on the recruitment of new teaching staff to accommodats the provision. The Science and Technology Cenire is a tremendous addition co che already impressive set of facilities at Cranmore. Pupils are enjoying the new tailored teaching space5 3VRil2ble lor their lessons. We will preserve this space for older pupils. giving thetn i sense of privilege and tnaturity. The relocation ol pupils from the main building has created an opportunity to convert some space lor other department needs. Over the summer break one of che classes will be commissioned for communal finance otfice space. Another room will be subdivided for much needed SEND usage. Sport By the end of Ihis academic year, Cranmore had played over l 000 fixtures. In football. it was che rnosc successlul season Since the School was founded with 8 toui'nament wins, U I I Surr&y Cup Champions, U I l National LAPS 3, place and U13 Surrey Cup finalists. Our ski tsam were winners of the ESSKIA Dry Championships IU I l sl, Surrey Championships IU9 & U I I I, Primary Schools, Snow5ports Nationals, and IAPS Indoors.
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT YEAR ENDED 31 AUGUST 2023 Cranmore w25 ranked in the lop l O swimming schools at IAPS Finals (London Aquatic Centrel and ranked I" in Surrey. De5Plte having a relatively short Hockey 5ea50n at the school, the U13 team ranked in the top 8 at the IAPS Finals beating Millfield. and won the UKSA tournament. There were many tournament wins and highlight5 in rugby. Our oldest year group won all but one fixture this year and finished in the top 8 team5 at the Surrey 7s tournament. It has been a smilar season lor the cricketers. In other competitive sports such as rowing, the J14 team participated in our f5r5t regatu in 3 years, while in tennis, we had over l 00 pupils represent the school. In cross-county we had district and regional success. and in athletics, the pupils qualified for the National Final5. Music and Drama Musical performance is always very important at Cranmore and rhere wa5 an abundance ol activity throughout every terrn. Highlights included the Spi-ing Soiree Concert, House Music Cornpetiiion, ABRSM exams, a Music Workshop with Glenesk khool, St Teresa's Music Festival with Cranmore pupi15 attending, our Hoad Chorister accending The Nationil Boy5 Choir and an Organ Mas¢erclass. Parents were also invited to enjoy piano recitals by pupils in the Prep. and Senior Schools. The Tosta rehear5a15 in London and at West Horsley Flace, involving seven ol our boys and also several girls from Sc Teresa's, led to performance5 at the Opera house in June. It was i great opportunity lor EST pupils to showcase their talent5 at a high level. The year ended with a pupil Cello Concert, six Young Musician finals and a Winner5 Concert. music le3turing at Prize Giving. Proms on the Paddock with a theme ol the King's Coronacion and St Teresa's Fest. We held drama production5 across 211 year groups during che year, and had a final senior production of 'We Will Rock You, ac the end of June. We also had numerous live performances from vi51ting companies such as Onatti Productions whei-e pupt15 enjoyed an immersive languages afternoon, and the Guildford Shakespeare Company of A Midsummer Night's Dream as part of their Sd¥ ol the play in English lessons. Charitie5. Activitie5 and Values Parrnership actiwties included invitations to theatre company performances, Forest School visics, Easter Eggstravaganza. joint leciures, weekly CCF training, musical worl<shops. World Scholar'5 Cup, Maths Challenges and Ihe school production of We Will Rock You. There were also opportunitie5 for the parents to meet ae coffee morning5, the Crinmore Fireworks, Holy Communion and St Teresa 5 Ball. The pupi15 sliould be commended for their fundraising elforts this year ici-oss 2 wide varieLy of charities. The orglSatIonS include The Catholic Children's Socretyt Cheriy Trees, Shoebox appeal, The Prince s Trust, Harlequins Foundarion, Rainbows 8ereavÈment Chaiityb Leatherhead St31't Hoineless Ch21-ity, CAFOD. Poppy Appeal atld Action in Africa. Pupils also supported residents ol Lime Grove In West Horsley. Looking Ahead A5 we embarlc on an exciting time ahead with Manor House entering che TrusL there will be numerous opportunities to market across all three schools and form a 5Lrong presence ir the local area. It creates an opportunity ¢0 uilor educatlonal resources, spaces and playgrounds, specifically to the dillerenc needs of the older year groups. 12
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT YEAR ENDED 31 AUGUST 2023 Effingham Schools, Facilities Development The new Science and Technology Centre at Cranmore was completed in March 2023. The centre provides a stare of che arL facility, including four dedicated science laboratories. a design and technolog/ room. an IT SU1 plu5 additional clas5room5. OGWCEblTLI [iJ. 13
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT YEAR ENDED 31 AUGUST 2023 In addition, an extensive refurbishment of the Sixth Form boarding house commenced. Bedrooms and bathr¢)oms were completed. and stage two will be completed this yeai- with a thorough upgrade of the common area. Other projects during the year included.. the i-efurbishmenc ol the dining rooms at both Cranmore and St Tei-esa's New indoor cricl(et equipment. including nets, cages and sight screen5 Ongoing invescmenr in IT infrastructure 14
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT YEAR ENDED 31 AUGUST 2023 Principal Risl<s and Uncertainties The Governors are responsible lor the overseeing of the ri51<5 faced by the Trust alchough deiailed consideration of risk is delegated Eo the Finance and General Purposes Commictee who oversee the TrusL Ri51£ Register termly and annually 8t the AGM. Risks are idenLilied. a55e5sed and controls e5tabli5hed throughout the year. The mosE significant rislcs to the charity are a substanual fall in pupil numbers, safeguarding, and compliance issues together with Specific fire, pedestrian and traffic safety risks. These risks are Mitigaced by a wide-i?nging set ol control measures. Although we idenLify a fall sn pupil nurnbers as a significant ris1( we a150 recognise that the Trust has grown significantly and is CUrrenY oversubscribed in several year groups. We envisage steady pupil growth across the newly expanded Effingham Schoo15 Trust as ihe diamond mode1 of operation comes into elfecr 2cros5 all three schools. The Governors recognise thar sites at St Teresa's. Cranmore and Manor House, 55, 25 and 17 acres respectively. have generic and specific health and safety issue5. Particular atcenuon is afforded to the IndependerTrt School Inspection compliance inspectlon criterla wirh specific policies in place for compliante standards dealing with electrical safety, ce surveys, water quality control and fire risl(s within a planned prograrnme ol works according to ris1< probabilityb funding and cime scale. The site-specific Health and Safety Committees sit termly to review he21th. safety and securicy. In the opinion ol the Governors the Schools have established systems of incernal controls which should allow ill risl(s to be managed to an acceptable level its day ro day operations. It is recognised thac systems can only provide reasonable but not absolute assurance chat major risks have been adequately managed. In addition, the Governors are aware ol the risks that are common to Ehe independent educacion sector, including the introduction ol VAT on school fees, the abolition of business raies relief and the i-emoval of the charitable status currently granted to independent school. They conunue Eo develop contingency plans to mitigatr the impact of ¢he5e changes. The Governors formally review risk termly at the board meeting as a standing agenda item. Sustainability The Trusi ha5 taken guidance from the UK Governrnent Envtronmental Reporiing Guidellnes (March 2019). the GHG Reporting Protocol - Corporate Standard, and from rhe UK Government GHG Conversion Factor5 lor Company Reporting documen¢ for calculating carbon emissions. Energy usage information (gas and electricity) has been obined directly from our energy suppliers and from the client hall-hourly IHH} data, where applic3ble. For supplies where rhere wasn't complere 12 monih energy usage availtble. flat profile estimation techniques were used to complete the annual consumpcion. Transport mileage data was obtained frotll expenses claims subrni¢ted for our company cars and grey fleet. C02e emissions were calculated using the appropriate emission lactois from Ihe UK Govei'Trment GHG conversion information. Total Volume (Ilwh) Calculated Emissions {tonnes of Cole) Scope I Idirectl Scope 2 {indirectl Total 3,597,065 1,266.076 4,863,141 826.1 262.2 1088.3 Intensiry ratio Itonnes of CO2e per lull time ÈquiYalenr51 was 4.42. At Cranmore, the new Science and Technology Centre incorporates energy efficienc system5 including air source heat pumps, motion Sensor light5 and LED lighting. The 3ir handling units in the swimming pool were upgraded for newer. more efficient models and the programme to convert all lighiing Eo LED is well underway.
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT YEAR ENDED 31 AUGUST 2023 At St Teresa'5 heatin8 controllers were upgraded on boiler system5 to assist with more ellicient usage. and lighting has been coThverted to LED in several areas of the schools including the swimming pool, the Mairlot Hall, boarding houses and a classr¢)om bloc1<. FINANCIAL REVIEW Results As the Trust moved into its lourth year of partnership the number of families with children in both schools continued ¢ncre35e. This contribute5 to a Strong family ethos within the partnership. and pupil numbers hive grown accordingly. Manor House School joined the Elfingham Schools Trust partnership on 31, August 2023 and the family ethos will be developed lui-thei-. The 25sets of Manor House School were transferred to Effingham Schools Trust on 31" August 2023 as shown on the Starement ol Financial Activities on page 22. The financial result for the year is shown on page 22. Prior to the transfer of Manor House sets, net income was £666k before depreciation ol £1,051 k. Reserves Policy At the year end the Trust had total reserves ol £17 million mainly represented by land and buildings, which have been financed by the Ti-u5t's accumulated surpluses and supplemented by bank boi-rowings. Worlcing capital and cash flows are monitod closely in the absence of fl-ee reserve5. The Governors, policy is co continue building vp reserves out ol operating Surpluses, and maintain 5ullicienc unrestricted i-esei've5 to enable it to meet Its short term obligations. Pay of Key Mana8ewnent Personnel The Governors. Senior Leidership Team ISLTI Remunerauon Committee Meets annually to review SLT Salaries to ensvre appropriate pay against objectives and performance. FUTURE PLANS Future Direction Elfingharn Schools Trust now has an annual income lee income in exces5 of £20million, a pupil roll of ilmost 1,500 and remains cash healLhy. All these are strong indicatol's ol the concinuing confidence surrounding the future direction of che Tru5L Development Plan Manor House joined the EST partnei-ship on 31" Augus¢ 2023 and the Governors and Senior Leadership Teams will now worlc LO develop the benefit5 that this new partnership can bring to the pupi15 and staff in all three schools. The future vision can be summai-i5ed a5 follows.. Cranmore, in 2028, will become boys-only, ollering education from Year 3 to Yearl I S¢ Teresa's, in 2028, will be gir15 only from Year 7 to Year I I A new co-ed EST Sixth Forrn located on the St Terest's site in 2025 Nanor House, in 2028, will have a fulty co-ed Nursery and Lower Prep, and will be gir15 only from Year 3 to I I 16
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT YEAR ENDED 31 AUGUST 2023 STATEMENT OF GOVERNORS, RESPONSIBILITIES The Governors (who are also directors of the Effingham Schools Trust for the purposes of company lawl are responsible for preparing che Governors ' Report and the financial sca¢emeThts In accordance with applicable law and United Kingdom Accounting Standards {Unired Kingdom Gener211y AccepLed Accounting Practice). Company12w requires the Governors to prepare financi21 stkiÈments for each fin2ncial year which give a true and lair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including Ihe income and expendicure, of the charitable company for that period. In preparing Ihese financial STaments, the Governors are required to- seleu suiièble accounting poti¢ie5 and then apply them con51stsntly'. observe the methods and principles in the Charitie5 SORP.. mal<e judgments and estimates that are reasonable and prudent., prepare the finanaal staternents on the going concern basis unless it 15 in2ppropriate LO presume tha¢ the company will continue in busine5S. The Governors are responsible lor l(eeping propel- acCounng records that disc105e with i-easonable accuracy at any cime of che financial position of the charitable company and enable them ro ensure chat the financial statements comply with the Companies Act 2006. They are 31so responsible for safeguarding the a55ets of Ihe charitable company and hence for taking re350nable sTrps lor thè prevention and detection of fraud and other irregulariiies. So far as each of the Governors is aware at the rime the report is approved.. there is no leVant audit informacion of which the company's auditors are unaware- and the Governors have taken all steps that Ihey ought to have tal<en to make themselves aware of any relevant audit informacion and to esLiblish that the auditors are aware of that information. The Governors, ReporL which incorporates the s[ragiC Report, was approved by the Governors on7 May 2024. MrsATu Co-chair)
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT YEAR ENDED 31 AUGUST 2023 The Governors present the financial 5t3tement5 for the yeai. ended 31 August 2023. These have been Ppared under the provision ol che Charities SORP 2015 and comply with all statutory requirements and the charity's governtng document. REFERENCE AND ADMINISTRATIVE INFORMATION GOVERNORS Mrs A Turner Co-chair Mr M Hendei-son Co-chair {retired 12 March 20241 Mr A Agius Dr N Clarke (retired 12 March 20241 Mr5 A Fort Iretired 31 August 20231 Ms S Hall Mrs S Haye5 Rev A Hill (retired 31 August 20231 Mr D Honey Mr5 M Kieran (appointed I September 20231 Mr l Morgan Mr l Rourke Mrs G Sims-Brasseti (appointed I September 20231 Canon P Thomp50n (appointed l October 20221 Mrs M Willcinson CLERK TO THE GOVERNORS Mrs C Mini1<in REGISTERED OFFICE Effingham Schools Trust Effinghatn Hill Dorl(ing Surrey RH5 6ST BANKERS Lloyds Bank Connaught House AlexandraTerr4ce Guildloi-d GUI 3DA SOLICITORS Moore Barlow The Oriel Sydenham Road Guildford Surrey GU13SR AUDITORS Haysmacintyre LLP l O Queen Street Place London EC4R IAG
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF EFFINGHAM SCHOOLS TRUST Opinion We have audited the financial staMentS of Effingham Schools Trust for the year ended 31 August 2023 which comprise the Consolidated Sta¢emen¢ ol Financial Activitie5, Consolidated and Charity Balance Sheet5, Con501idated Cash flow Statement, and noce5 10 the financial statements. including a summary ol significant accounting policies. The financial reporting frameworli that has been applied in (heir preparation is applitable13w and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Finoftool Reporting Stondord oppltcable in the UK ond Republic of Irelond (United Kingdom Generally Accepied Accounting Pracricel. In our opinion, the financial 5tatements'. give a true and fair wew ol rhe state of the group's and ol the parent charit2ble cotnpany's affairs as at 31 August 2023 and of the group's and pareTrt charitable company's net movement In lunds, including the income and expenditure, (or the yeai- then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements ol rhe Companies Act 2006. Basls for opinion We conducred our audit in accordance with Internacional Stand2rds on Auditing {UKI IISAS IUKII and 3pplicable law. Our responsibilities under rhose standards are further described in the Auditor's responsibilitie5 for the audit ol the financial s[aMentS section of our report. We are independent of the group in accordance with the ethic21 requii'ements that are relevanc to our audit of the financial statements in che UK, including the FRC'5 Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wilh these requii'ements. We believe thac che audic evidence we have obtained 15 sufficient and apprOprIa to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees. use of rhe going concern basis of accounting in the preparation of rhe financial $teMentS 15 appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to event5 or conditions that, individually or collecrively, may casL Significant doubl on the group's ability Eo continue as a going concern for a period of at least twelve months from when the financial 5tatrment5 are av¢horised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant seciions of this report. Other information The crustees are responsible for Ihe ocher information. The othei- informauon comprises the information included in ihe Directors and Trustees, Report. Our opinion on the financial sta¢emen¢s does not cover the other information and. except to Ihe exnE otherni5e explicitly stated in our repoi-t, we do fiot express any form ol assurance Conclusion rhereon. In connection with our audit of the financial Statements. our responsibiliiy is 10 ld the ocher information and, in doing so. consider whether the ocher information is rnaterially inconsistent with the financi21 statements or our l<rTrowledge obtained in the audif or otherwise appear5 to be materially missrared.11 we idencify such material inconsiscencies or apparent material mi55tatements, we are required to determine wheiher there is a matei-ial misstatemenc in the financial statements or a material misstatement of the other information. If, based on the work we have perforrned. we conclude that there is a materi21 misstatemeni of this other information, we are required co repori that fact. We have nothing to report in this regard. 19
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF EFFINGHAM SCHOOLS TRUST Opinion5 on other matter$ prescribed by the Companies Act 2006 In our opinion. based on the worli undert3ken in the course of the audit., the information given in the Governors, Report (which includes the strategic report and the director5, report prepared for the purposes of company lawl for the financial year lor which the financial starements are prepared is consistent with the financial 5tatements,' and adeqLJate accounting record5 have not been kept by the pai-ent charitable company,. or the parenc charitable company financial statements are not in agreement wich the accounting records and returns., or certain disclosures ol trustees. remuneration specified by13w are not rnade,. or we have not received all the information and explanauons we require for oui- audit. Responsibilities of trustees for the financial statements As explained mol'e lully in che truscees, I'esponsibilities statement set out on page 17 the Governors (who are a150 the directors of the charitable company for the purposes of company lawl al-e respons¢ble for the preparation of the linancial staMentS and for being satlsfied that they give a Lrue and fair view. and for such internal control as the trustees derrnIne is necessary to enable the preparation ol financial statements thai are free Irom material missts¢ement. whether due to fraud or error. In preparing the financial 5ta¢ement5, the ti-ustees al-e responsible for assessing the group's and the pareni charitable company's ability to contynue as a going concern. di5tlosing, as applicable. matiers related to going concern and using the going concern basis ol accounting unless the trustee5 elther intend to liquidate che group or the parent charitable company or to cease operation5, or have no realistic alternative but to do so. Auditor's vesponsibilitie5 for the audrt of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mi55taternent, wheLher due to Iraud or ei-ror. and ¢0 issue an auditor's report that includes our opinion. Reasonable assurance is a high level of a55urance, buL 15 llor a guarantee that an audit conducted in accordance with 15A5 IUKI will alway5 detect a material misstatement when it exist5. Mi5Staiement5 can arise from fraud or error and are considered matei-ial if, individually or the aggregate, they could reasonably be expected to influence the economic declsions of users taken on the basis ol these financial statements. Irregularities. including fraud, are instances ol non-compliance wlth laws and regulations. We design procedure5 in line with our i-esponsibilities. outlined above, to detect material misstatement5 in respect of irregulariiies. including fraud. The extent to which our procedures are capable of deterting irregularicie5, including frnud is detailed below: Based on our understanding of the group and the environment in which it operates. we identified that the principal risks of non-compliance with laws and regu13tions related to the ldePendent school i-egulations, safeguarding regulations, health and Safety requirements, GDPR, employment law and chai'ity law and we Eonsidered the extent to which non-compliance might hRve a material ellect on the financial statement5. We also considered those laws and regulations that have a direct impact on the preparacion of the financial statement5 such as the Charitie5 Act 201 l and Companies Aci 2006 and consider other factoi-5 such as payroll cax. We evaluated management's incentive5 and opportunities lor IiaudulenL manipulation of the financial statements (including the risk ol ovei-ride ol controls), and determined that the pi-incipal risk5 were related co posting inappropriate journal entries and management bias In m3kin8 accounting estimates. Audit piDcedures perlormed by the engagement team included.. 20
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF EFFINGHAM SCHOOLS TRUST Inspecting correspondence with regulators and tax authorities- Discussions WiLh management including consideration ol known or suspected insiances of non-compliance with laws and regulaLion and fraud., Evaluating management's Controls designed to prevent and detect irregularities.. Idencifying and testing journals, in particular journal encrie5 Posted at the year-end-, and Challenging assumptions and judgements made by managemenc in their accounting estimace5 Because of che inherent limitations of an audit, rhere is a risk that we will not detecc all irregularities. including those leading to a material misstatement in the financial statement5 or non-compliance with regulacion. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial Statements, as we will be less likely ¢0 become aware ol in5tance5 of non-compliance. The ris1< is also greater regarding irregulariries occurring due to fraud racher than error. 35 fraud involves intentional conce21ment. forgeryi coIIu5ion. omission or misrepresentaoon. A furcher description of our responsibilicie5 for Lhe audit ol the financial statements 15 located on the Financial Reporting Council's website at.. www.frc.o .uklauditor es. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, a5 a body. in accordance wilh Chapter 3 01 Part 16 of the Companies Acr 2006. Our audit worlc has been undertal<en so that we mighr Stydte ro the ch3ritable company's rnembers those matters we are required to state 10 them in an Auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charicable company's members. as a bodyi for our audit work lor Ihis report, or for the opinions we have formed. Lee Stokes {Senior Statutory Auditor) for and on behalf of Haysmacintyre LLP. Statutory Auditor l O Queen Street Place London EC4R IAG 20 May . 2024
EFFINGHAM SCHOOLS TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023 INCOME AND EXPENDITURE DrÈStA(ted RestAc*d Tot41 Total Funds Funds 2023 2022 Note INCOME FROM Chayitable activities Tuiuon lees Other educacional income Trading activitie5 Trading income Lettings Investment: Ban1< interest Dividends Donations General Grants Transfer of Assets from Manor House School 17,439,069 802,128 17,439,069 802,128 15,604,773 693,662 165.244 6,832 165,244 6.832 185.468 7.200 18,385 17,764 18,385 17,764 366 25.186 490 25.000 25.490 20.000 2,976 3,721,868 3,721,868 Tot21 income 22,571,780 25.000 22.196,780 16.539.631 EXPENDITURE ON Expenditure on Charitable Attivity Trust operating c05t: Teaching costs Vvelfare Premises Suppoi't C05t5 and governance Raising funds Tradin8 expenditure Finance costs 10,467,284 1,935.105 3,881,682 2,356,274 10,467.284 1,935,105 3,881,682 2.356,274 9,303.323 1,760,009 3,604.486 1.670.479 24,815 194.939 24,815 194,939 22,665 63.865 Total expenditure 18,860,099 18.860.099 16,424,827 Net rncome l(expenditure) 25,000 3.336.681 114,804 Gains I Ilos5es) on investment assets 120.6241 120,6241 181.046) Transfer between lunds 25.000 {25,0001 Net movement in funds 3,316,057 3.316.057 33,758 Balance brought forward at I September 2022 13.715.495 13.715,495 13,681,737 Balance carvied forward at 31 August 2023 17.031,552 17,031,552 13.715,495 The Staiement of Financial Actimties contains all the incorne and expenditure recognised in the curren¢ and preceding year. All ol the Trust's activiues during the above two financial years derived from continuing accivities. The accompanying notes form part ol these financial statements. 22
EFFINGHAM SCHOOLS TRUST COMPANY NUMBER: 04509623 CONSOLIDAT£D AND CHARITABLE COMPANY BALANCE SHEETS AT 31 AUGUST 2023 Group Trust 2023 2022 2023 2022 Notes FIXED ASSETS Tangible assets Investment5 23,401.778 864,685 18,408,485 855,462 20,193,500 864.6B7 18.408,485 855,464 24,266,463 19,263,947 21,058,187 19,263,949 CURRENT ASSETS Stock Debtors - receivable within one year Cash and bank balances 6,750 607,044 1,962.908 6.750 617.864 1,793,545 10 824,292 2,469,499 555,700 1.143,784 3,293,791 2.576,702 1.699.484 2,418,159 CREDITORS - amounts falllng due wichin one year 14,857,581) 13,561,434) {3,910,4711 13,5S2,444} NET CURRENT LIABILITIES {1,563,7921 1984.732} 12.210,9871 11.134.285) TOTAL ASSETS LESS CURRENT LIABILITIES 22,702,671 18.279.215 18,847,200 18.129,664 CREDITORS - 2mounrs falling due after more than one year 15,671.1191 14,563,720) 15,671.1191 14.563.720) 17,031,552 13,715,495 13,176,081 13,565,944 FUNDS General unrestricted lunds Rescricted funds 17,031,552 13.715.495 13,176,081 13,565,944 17,031,552 13,715.495 13,176.081 13,565,944 Effingh3m Schools Trust has taken the exemption from presenting its unconsolidad 5t3temen¢ of financial activiue5 under section 408 01 the Companies Acc 2006. The ner movement in funds of the charicy as shown in noEe 14 was £1389.863}12022: £(39.12111. The financial Statem belo on their ts were by.. ve($ and authorised (or issue by the Governors on? May 2024 and were signed MrsA Tur (Chair ol overnors Mr l Morgan The accompanying no part of these linancial sratemenc5. 93
EFFINGHAM SCHOOLS TRUST CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023 2023 2022 Reconciliation of net expendituve to net cash flow from operating activities Net {expend¢turel l income Depreciation Bank interest received Bank interest paid Investment income Decrease I lincre3sel in Stock Ilnereasel in debtors Increase in creditors Increase in parent dep055ts and fees in advance 3.336,681 1,051,016 {6,2451 166.181 129.9031 6.750 1217.2481 557,236 1,2 19,975 114.804 919,516 13661 63.865 125.1861 58,224 1393,836} 100,926 426,187 Net cosh Prowded by operating octiwlie5 6,084,443 1,264.134 Cash flows from investing activities lTrves¢rnen¢ income Banlc interest received Purchase of tangible fixed asse15 Purchase of investment 29,903 6,245 16,044,309) 129,8471 25.186 366 12,6B8,5501 125,1681 Net cash provided by tnvesting uctiwties 16.038,0081 12,688.166} Cash flows from financing activities Increase Ilrepiymentsl ol borrowing Bank inteiESt paid 626,337 1,577,735 163,8651 Ner cosh used tn financtng adiwties 460,156 1.513,870 Increase in cash 506,591 89,838 Cash and cash equivalents at I September 1.962.908 1,873.070 Cash and cash equivalents at 31 August 2.469,499 1.962.908 ANALY51S OF CASH AND CASH EQUIVALENTS 2013 2022 Cash at bank 2,469,499 1,962,908 ANALYSIS OF CHANGES IN NET DEBT At I September 2022 Cash flows At 31 August 2023 Cash Loans falling due withln one year Loans f211ing due alr more than one year 1,962,908 1163,2951 13,549,208) 506,591 183,5461 {542,7911 2,469,499 1246.841} 14.091.999} Total 11,749,595) {119,7461 (1,869,341) 24
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Elfingham Schools Trust 15 a charltable company incorporated in England and Wales. Further company informition can be found on page 18. The Trust is a Public Benefit Entity registered as a charity in England and Wale5 and a company limited by guarantee. It was incorporated on 13 August 2002 (company number.. 04509623} and registered as a charity on 18 December 2002 (charity number.. 10951031. ACCOUNTING POLICIES Basis of Accounting The financial staentS have been prepared under the historical cost convencion and in accordance with applicable accounting standards and the Statement of Recommended Pracuce Accounting and Reporting by Charities (Second Edirionl. Ehe Companies Aci 2006 and FRS 102 the financial reptsrLing standard applicable in the UK and the Republic of Ireland. The group financial statements consolidate the financial statements ol the company ITru5tl and ir5 subsidiaries, StTeresa's Encerprises Limited and Cr3nmore School Enterprises Limited, and with elfeci from 23..59 on 31" August 2023. Manor House School. Consequently, no income and expenditure lating to Manor House School has been included in the accounu, but the net assecs have been Iransferred in prior to the year end. The Governors have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. Having reviewed the funding lacilities available to the Trust togerher with rhe expecLed ongoing dernand for places and the Trust's future projectsd cash flows. the Governors have a reasonable expectation that the Trust has adequate resources to continue its 2Ctivities for rhÈ foreseeable future. The Governors have made this 35se5sment in respect 10 a period of one ye2r from the dit@ ol approval of these accounts. The Governors have concluded that there are no m2tÈrial uncèrtain¢ies rdated LO events or conditions that may cast 5ignificanE doubt on the abiliLy of the thariry ro continue as a going concern. Accordingly, they continue to adopt the going concern ba51s in preparing the financial statements. The Following accounting policies have been applied consisrently in dealing wiih items whith are considered material in relation to the Trust's financial statsments. b) Fees receivable and similar income Tuition lees aro staced afiei. dpducting allowances lor awards and other remissions. Orher educational income comprises income from school OULings, activities and other relaEed income. These sources ol income al-e included in che accouTht5 when the lil<elihood ol the receipt 15 probable 2nd Iheir value can be measui'ed with reisoThable certainty. Expenditure Expendittsre is aterued as necessary. Charitable acuvity Costs comprises all expenditure direccly related to the objects of the Trust including direct stalf COSTS a¢¢ribuEable to each acciviry. Support costs included within the chir4table activity comprise the cost5 of all resources urilised to directly Support the Tru5t'5 primairy activities. Governan cosrs are rhose cosis incurred in conneccion with che governance of the chariEy and its assets and are primarily associaced wilh conscitutional and statutory requirements. Pension costs The Trust contributed to the Teachers. Pension Defined Benefits Scheme it rates Set by the Scheme Actuary and advised to the 8oard by the Scheme Administrdtor until 30 April 2023. From l May 2023 Teaching staff were enrolled in 2 defined contribution scheme. All non-teaching staff are members of a defined contributlowl Scheme. where required by pursuant legislation. which complies with the requirements for 3 stakeholder pension scheme. Fixed assets All items of a capital nacure wich a value ol over £ 1,000 are capitalised at C05t. Atci-ibutable borrowing cost5 are 215Q capitalised for qualifying asset5. Depreciarion is calculated so as to write oll the c051 of tangible lixed 15sets on a straight-line basis over the expected useful economic lives ol the assets concerned. The principal rates used are.. Buildings SO years Building improvemencs 10, 20 3nd SO yeirs Plani aa equipment 3.5, Ioand 15years Motor Yehicles 4 and 5 years Assets under construttion are not depi-eciated until they are complete and brought inco use. Land is not depreciated. 25
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2023 ACCOUNTING POLICIES (continued) Investment5 Listed investments are a form ol basic financial instrument and are initially recognised at theTr transaction value and subsequently measured at their fair v31ue a5 at che balance sheeE dats using the c105ing quoted market price. Realised gains lor losses) on investment assets are calculated as the difference between disposal proceed5 and their opening carrying value or their purchase value where the investment is acquired subsequent to the first day of che rinancial year. Unreali5ed gains and105ses are calculated as che difference between the fair value ai the year end and their carrying value at that date. Kealised and unrealised investment gains (or losses) are combined in Lhe statement of financial activities and are credited loi. debited) the year in which they arise. h) Debtors Trade and other debtors are recognised at the 5etrSement arnount due after iny discounts offered and less any impairment. Prepayments are valued at the amount prepaid net of any discounts due. i) Cash at banlc and in hand Cash is represented by cash in hand ind dep051t5 Wlth financi31 insritutions repayable without penilty on nouce of not more than 24 hours. Cash equivalents are highly liquid invescment5 that mature in no more rhan three months from the dats of acquisition and that are readily convertible to known amounts ol cash with insignificant risk of change in value. j) Cyeditors and Provisions Creditoi's and provision5 are recognised where the Trust has a present obligation resulting from a past event that will probably result in the transfer ol funds to a third parLy and the amount due to settle the obligation can be measured or estimated reliably. Short term creditors are measured at their transaction price. Other hnancial liabilities, including bank loans. are measured at amortised cost using the ellective interest method. k) Fund accounting The lund5 01 the Trust Are accournted for as unre5triCted or restricted income, in accordance with the terms of trust imposed by the donors or any appeal to which they may have responded. Unrestricted Funds are funds applied at the distLi0n of the Governors in furtherance ol the objecis ol the Trust. Where the Governors decide to set aside any part ol these fund5 to be used in future lor some specific purpose. thi5 is accounted lor by transfer to the appropriate designated fund. DesignaTrd Funds are a particular from of unrestricted funds consisting ol amounts. which have been allocated or designated foi. Specific purposes by the Governors. The use ol designated fund5 remain at the discretion of the Governors. Restricted Funds are Subject to spÈcific conditions imposed by donors. l) Lease5 Rentals on the properEy lease and on opei'ating leases al-e charged to the Statemen¢ of Financial Activitie5 (SOFA) over Ihe period when Ihey are payable. m) Critical source5 of estimation uncertalnty and accounting judgements The preparation of financia1 StaMentS in compliance with FRS 102 requires che use of certain critical accouniing estimates. li also require5 management to exercise jtsdgm&nt in applying the Trust's accounting policies. The key judgements thit have been applied by management i-elatÈ to the selection ol economic useful lives for ngible fixed assets and provisions for bad debts. 26
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31 AUGUST 2023 FEES RECEIVABLE 2023 2022 Fees receivable consists of.. School fees Les5'. Bursaries, grants and allowance5 Covid.19 hardship support 20,892,906 13,453,837) 18,765.744 (3.095,3111 165,6601 17,439,069 15,604,773 OTHER EDUCATIONAL INCOME 2023 2022 Student transport Equestrian activities Extras Registration and exam fees Non-rÈfundable deposits Other 372,636 119,738 204,730 78.740 20,230 6,054 287,617 115,678 134,644 88,615 61,585 5,523 802.128 693,662 NET INCOME FROM TRADING SUBSIDIARIES The Trust has two wholly owned trading subsidiaries, St fere52's Enterprises LiMid and Cranmore Entsrprises Limited. The principal activities of both companies are the 01-gani5ation and management of commercial actlViEies associaced with Effingham Schools frust. The commercial atrivities consist of che rental of school fèeilities. The taxable profits ol each entity are donated to the Trust under gift aid. A summary of the trading results ol each subsidiary is shown below. Profit and Loss Account- St Tereasa's Enterprise5 Limited 2023 2022 Turnover Adminlstrative expenditure 116,625 117,9851 119,5911 Net profit Ban1( interest received 91,853 481 98,640 27 Retained in 5ub5idi3ry 92,334 98,667 St Teresa's Enterpri5e5 Limited is controlled by Elfingham Schools Twst. One of the director5 01 Ihe company is a Govei'nor of the Trust. Transactions wilh Effingham Schools Trusi con515t of 2 payment under Gilt Aid and the inLercomp2ny balance which are disclosed in the 3ccounrs and the notes to the account5. 27
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2023 NET INCOME FROM TRADING SUBSIDIARSES (continued) Profit and Loss Account- Cranmore Enterprises Limited 2023 2022 Turnover Administrative expenditure 53,800 62.332 111.44 Retained in Subsidiary 41.269 50,885 Crdnmore School Enterpri5e5 Lifflited is controlled by Effingham Schools TrusL Both ol the directors of the cornpany are Governors of the Trust. Transactions with Effingharn Schools Trust conslst ol a payment tsnder Gift Aid and the intercompany balance which are disclosed in the account5 and the notes to the account5. TOTAL EXPENDITURE Total Staff Costs Othev Depreciation 2023 Charitable Activity Teaching costs Welfare Premi5e5 Suppoi-l costs 9,308,412 368,832 824,004 1.155,506 1.158,872 1,566.273 2,006.662 1,200,768 10.467,284 1,935.105 3,881,682 2,356,274 1.051.016 Raising fund5 Finance cost5 Tradtng expenditure 194,939 24,815 194.939 24.815 11,656,754 6,152,329 1.051,016 18,860,099 Prior year Total Staff Costs Other Depreciation 2022 Charitable Activity Teaching costs Welfare Premises Support costs 8,328,023 343,4n 758,204 956,686 975,300 .416,537 1,926,766 713,793 9.303,323 ,760,009 3,604,486 1,670,479 919.516 Raising funds Finance costs Trading expenditure 63.865 22,665 63.865 22.665 10,386,385 5,118,926 919,516 16.424,827 28
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (corTtinued) FOR THE YEAR ENDED 31 AUGUST 2023 TOTAL EXPENDITURE (continued) 2023 2022 Included in expenditure is.. Auditor s remuneration Audit of the financial staierneTrt5 Other non-audit Services Interest payable Operaong lease5 35,820 4,680 194,939 114,664 33,540 3,910 63.865 105,695 STAFF COSTS 2023 2022 Wages and salaries Social security coscs Other pen510n Costs 9.416,344 867,933 1,372.477 8,354,975 810,707 1,162,908 11.656,754 10,328,590 57.795 Resrructuring costs 1,656,754 10,386,385 Full Time Equivalent 2023 Full Time Equivalent 2022 Avg. No 2023 Avg. No 2022 The average number of employees in the ye3r was.. Teachers Other 128 143 143 134 129 90 246 286 208 263 The number of employees whose emoluments exceeded £60,000 were.. £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 rnoney purchase pension scheme (or twelve12022'. nine) ol the higher paid employees. Total contributions were £141.30012022: £118,852). Neither the Governors nor persons COnnecd ¢0 them received any remuneration 12022.. none). Personal expenses incurred by the Governors during the year tota15ed £1,92912022-. £2.7711. Key management personnel compri5e5 the School Heads and the Trust Senior Leadership team. Key maement personnel received remuneration 01 £734,33312022.. £702,242). 29
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2023 7. FAIR VALUE OF MANOR HOUSE SCHOOL ASSETS ACQUIRED BY EFFINGHAM SCHOOLS TRUST AT ACQUISITION On 31 August 2023, at 23..59, M3nor House School became a subsidiary of Effi&haM Schools TrusL The following iable summarises the lair value of the Manor House School assets on acquisition. Bool< & Fair Value Tangible Asset5 Debtors Cash at bank and in hand Creditors due within one year 3,208,278 258,076 1,192.526 1937,012) 3,721.868 Fixed Assets hive been translei-red at cost less accumulated depreciation. The Manor House School Starernent of financial Actriities for the year ended 3 | August 2023 is in¢ludÈd for information in note 2Q. B. TANGIBLE FIXED AS5ETS- GROUP Land and Buildlng5 Assets under Construction Building Improve- ment5 Plant and Egulpmen Moto Vehicles Total COST At I September 2022 Transfer ol assets Additions Tran5fer5 17,760,901 1,971,326 3,453,766 1.658,493 54,262 24.898.748 3,029,971 2.121,178 1,971.326 177,983 182.346 324 16,794 3,208,278 2.836,031 515,713 11.971.326) At 31 August 2023 24,883,376 3.969,479 2,018,822 71,380 30,943,057 DEPRECIATION At I September 2022 Charge for the year 3.405,167 2,010,464 1.026.189 48.443 6,490,263 604.801 253,557 188,666 3.992 ,051,016 At 31 August 2023 4,009,968 2.264,021 1.214,855 52,435 7,541.279 NET BOOK VALUE At 31 Augvst 2023 20.873,408 1.705,458 803,967 18.945 23,401,778 At 31 Augusi 2022 14,355.734 1.971,326 1,443,302 632,304 5,819 18.408,485 30
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2023 8. TANGIBLE FIXED ASSETS- TRUST Land and Buildings Assèts under Construction Building Improve- ments Plant and Equipmen Motor Vehlcles Total COST At I September 2022 Addirion5 Transfers 17,760.901 1,971.326 3,453,766 1.658,493 54,262 24,898.748 2,121,178 1,971,326 515.713 182.346 16,794 2,836.031 11.971,3261 At 31 August 2023 21.853.405 3,969,479 1.840,839 71,056 27.734,779 DEPRECIATION At I Sepcember 2022 Charge for ¢he year 3,405,167 2,010.464 1,02&189 48,443 6,490,263 604,801 253,557 188,666 3.992 1,051,016 At 31 Augusr 2023 4,009,968 2.264,021 1,214,855 52,435 7.541,279 NET BOOK VALUE At 31 August 2023 17.843.437 1,705,458 625,984 18,621 20,193,500 At 31 August 2022 14,355,734 1.971,326 ,443.302 632,304 5,819 18,408,485 INVESTMENTS Trust 2023 2022 Unlisted Investments This represent5 the charity's inYe5tments in wholly owned subsidiaries, St Teresa's Enterprises Limited and Cranmore School Entsrprises Limited. Group and Trust 2023 2022 Listed investments Ai I September 2022 Additions Unrealised gain$ 111055e51 on investments 855,462 29,847 {20.6241 911,340 25,168 181,0461 At J I stAugust 2023 864.685 855,462
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2023 10. DEBTORS Group Trust 2023 2022 2023 2022 Receivable within one year: Fees ind extras Other debtor5 and prepayment5 Due from Subsidiary undertaking 390,641 433,651 276,972 330,072 226,829 296,177 32,694 276,972 315,734 25,15B 824.292 607,044 555,700 617.864 I I. CREDITORS: amounts falling due within one year Group Trust 2023 2022 2023 2022 Bank loan Taxation and social Security Trade creditors Other creditors and accrua15 Parent5, dep051ts and fees in advance 246,841 512,216 718.137 264.292 3,116,097 163,295 298,146 517,749 328.634 2.253,610 246,841 163,295 298,146 517,749 319.644 2.253.610 571,599 217.128 2,455,787 4,857,583 3,561.434 3.910,471 3,552,444 I I CREDITORS.. arnount5 fallin8 due after more than one year Group and Trust 2023 2022 Bank loan Other creditors Parents, deposits and fees in idvance 4,091.999 207,120 1,372,000 3,549,208 1,014,512 5.671,119 4,563,720 2023 2022 Long term loan obligations are i-epayable a5 follows.. Between two and five years In five years or more 1,140.520 2,951,479 1.081,938 2,467,270 Due aftei- more than one year Isee above) 4,091,999 3,549.208 Due within one year (see note 111 246,841 163,295 Loan balance as at 31 August 2023 4.338,840 3,712,503 32
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 3 I AUGUST 2023 12. CREDITORS: amounts falling due after more than one year (continued) In April 2018. the Trust eTrred a loan agreement for £1.6m with an intsres¢ rate paydble of Bank of England Base Rate plus a rate 2.05% per annum. The loan 15 repayable over 180 consecuiive monthly in5tilments, the final payment being due in May 2033, and is secured by way of a first legal charge on che Trust's freehold land and buildings. In Sepcember 2018, the Trust eniered into a loan agreement for £ l.om with an interest rate payable of 3.875°A per annum. The loan is repayable in 180 consecucive monchly instalments in respecc of principal only. commencing I month alter the date the loan was borrowed. In Augusc 2023, che Trust entered a loan agreement for £2.5m with an interest r&te payable of Bank of England Base Rate plus a rale 2.35Y. per ?nnum. At 31" August 2023. £2.5m had been drawn down. The loan is repayable over 168 consecutive monthly in5talrnent5. commencing in Septembei. 2023, with the final payment being due in August 2037, is secured by way ol a first legal charge on the Trust's fi-eehold land and buildings The Trust also has a £0.5m secured overdr71t facility with Lloyds Bank. 13. FEES IN ADVANCE SCHEME 14rents may entsr snto a contract to Pay the Trust in advance for fixed contributions towards the ttsition fees for up to five years. The money may be Lurned subject to specific conditions on the receipc ol notice. Assuming pupils will remain with the Trust. fees in advance will be applied a5 follows.. 2023 2022 Sumtnary of movements in liability.. Balince as a¢ I Septsmber 2022 New contracts Amounts used co pay lees Amoufits refunded 266,535 776,B43 1157,9561 359,872 82.734 1176,0711 Balance as at 31 August 2023 873,925 266.535 33
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2023 14. PENSION COMMITMENTS Teaching staff Following consultation with teaching staff, the Trust left the Teachers. Pension scheme and set up a defined contribution scheme with Royal London on I" May 2021. The pension charge lor the Ye includes cor)tribotions payable to the Royal London Scheme ol £1,017,205 12022.. Royal London £931,480). Non-teaching staff The Trust offers defined contribution group personal pension plans through Royal London. The Trust's contr5bucions to the pension schemes ol non-toaching stall in che year were £355,27212022.. £231,637). representing a contribuiion rate of between IO°A and 16.41,. Under auto enrolment regulations all ellble employees must be enrolled in a qualifying pension scherne. The Trust meets this obl¢gation and all eligible job holder5 continue to be enrolled either with the Teachers. Pension scheme or one of the Group Personal Pension Plans. 15. CHARITY'S ACTIVITIES The Statement ol Financial Activitie5 included with the accounts consolidates Lhe activities ol Ihe parent charity, Elfingham Schools Trust and ol it5 wholly owned subsidiaries, St Teresa's Enterprises Limited and Cranmore School Enterprise5 Limited. A summary of the result of the parent charity is given below. 2023 2022 TrLfSt Income Total Expenditure 18,458,738 16,437.320 118,827.9771 (16.395,395) Net IExpenditure)I Income 1369.239) 41,925 (Lossl I gain on investment 35sets {20,6241 181,046) 1389.863) OPERATING LEASE COMMITMENTS Motor vehicles 2023 2022 Amount$ due: Within one year Beiween l and 5 yeai-s 90,711 173,681 67.371 130,345 264,392 197,716 Photocopiers 2023 2022 Wirhin one year Between l and 5 year5 24,023 33,967 39.239 18.167 57.990 57,406 34
EFFINGFIAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31 AUGUST 2013 17. CAPITAL COMMITMENTS The Trust had capiral commitments ol £106.92412022.- £1.955.40313t the balance Sheet date. 18 SUMMARY OF MOVEMENTS ON FUNDS At I September At 31 August Income Expenditure Gains and Transfer Between Funds 2022 Losses 1023 General fund5 Restricted funds 13,715,495 22,171,780 118,860,099) 25,000 120,6241 25,000 {25,lJOO} 17,031,552 Total funds 13,71 S,495 18,474,912 (18,860.0991 {20.624} 17,031.522 At I September At 31 August Income Expendlture Gains and Transfer Between Funds 2021 Losses 1022 General funds Restricted fund5 13,681,737 16,519,631 116.424,B27) 181.046) 20,000 13,715,495 20.000 120,0001 Total funds 13,681,737 16,539,631 116,424.8271 181.0461 13,715,495 Funds The Restricted Fund eompri5e5 2 donaLion made by the Cranmore Parents, Association towards sound equipment for the auditoriÈfrm. The donation was sub5equendy transferred out of restricted funds when spent on che equipment and thus fulfillÈng the terms of che gilt. 35
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2023 19. PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES INCOME AND EXPENDITURE BESlrict*d Funds Funds 2022 Note INCOME FROM Charitable activities Tuition fees Other educaiional income Trading activities Trading Income Lettings Investment: Bank interest Dividends Donations General Grants 15,604,773 693,662 15,604.773 693.662 185.468 7.200 185.468 7,200 366 25.186 366 25,186 20.000 20,000 2,976 2.976 Total income 16,519.631 20,000 16.539,631 EXPENDITURE ON Expenditure on Charitable Activity Trust operating cost: Teaching costs Welfai-e Premises Suppori costs and governance Rai5in8 fund5 Trading expenditure Finance 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 22,665 63,865 22,665 63,865 Total expenditure 16,424.827 16,424.827 Net income l(expenditure) 94.804 20.000 114,804 Gains I1105sesl on investment assets 181,0461 181,0461 Transfer between funds 20,000 120,000) Net movement in fund5 33,756 33,758 Balance brought lorwai'd at I September 2021 13.681,737 13,681,737 Balance carried forward at 31 August 2022 13.715,495 13.715,495 36
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2023 20. MANOR HOUSE SCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023 INCOME AND EXPENDITURE 2023 INCOME FROM Charitable activities Tu5tion fees Other educational income Trading activities Trading income Investment: Banlc interest Donations General 4.171,150 334,913 13.332 3.092 26,165 Total income 4,548,652 EXPENDITURE ON Expenditure on Charitable Activity Trust operating cost: Teaching costs Welfare Premises Support costs and governante Raising fund5 Finance cost5 2,561.869 529.416 921,417 566,746 1,661 Total expenditure 4,581,109 Net incomè l(expenditure) {32.457) Transfer between funds Net movement in funds 132,4571 Balance brought lorward at I September 2022 3,754,325 Balance carried forward at 31 August 2023 3,721,868 37