EFFINGHAM
CRANMORE . NANOR HOUSE . ST TERESA'S
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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
requ￿1r1ed 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)
ma￿aret 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
ca￿er. 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 Operatio￿al 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, re81S￿red 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. COmm￿nIty, 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 vill￿e 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-eP￿Sented 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 fo￿nd 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 $eleC￿d 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 E￿A 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 examina￿on, 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 s￿milar 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 S￿d¥ 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 org￿lSatIonS
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 CUrren￿Y 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, c￿e 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 ob￿ined
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
monito￿d 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 STa￿ments, 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- acCoun￿ng 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[ra￿giC 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 P￿pared 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 sta￿MentS 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[a￿MentS 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 ex￿nE 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
sta￿MentS and for being satlsfied that they give a Lrue and fair view. and for such internal control as the trustees de￿rrnIne
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 l￿dePendent 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
D￿rÈStA(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 unconsolida￿d 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 al￿r 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 sta￿￿entS 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 a￿a 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 dist￿Li0n 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 Sta￿MentS 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 LiMi￿d 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 COnnec￿d ¢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 ma￿￿ement 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 eTr￿red 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 ell￿ble 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