EFFINGHAM CRANMORE . MANOR HOIJSE . STTERESA'S TrIAN T TEIESA'Sr INDEPÉNDEMf DAY & BOARDING ScHL Effingham Schools Trust Annual Report and Accounts For the Year Ended 31 August 2025 Company Nijmhpr.. 04509623 Clitii"riy Number. 1095103 lffingliani Sclioo15 Ti Effiiighatn, Surrey, RH5 6ST
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT YEAR ENDED 31 AUGUST 2025 The Heritage and Values of Effingham Schools Trust In September 2019. St. Teresa 5 Effingham and Lranmore school formed an exciting partnership and joiried together co create a new entity, Effingham Schoo15 Trust ("the Trust"}- The Trust brought together two tsut5tanding schools Wlth great heritagè and track rerordg lot2ted rltssg to on@ another in 2 beautiful 2r82 of Surroy_ In Au8USt 2023. Manor House School joined the Tru5L forming a dynamic educational triumvirats. With three superb School 51tes situated in the Surrey Hills (almost 100 acres) and outstanding facilities, the Trust Is in the fortunaie p05iiion of being able 10 offer Innovii1ve model of 5choollng for boys and glrls from Ihe age of 2 -18. The partnership has enabled the formation of co-education31 schooling for the Early Years, followed by single sex education up to the age ol 16. During the year, the existing Sixth Form at 5t. Teresa's, was transformed, with a co-educational college type campus. The new Sixth Form opened in September 2025. and offer5 high quality education to boys and girls, catering for up to 200 students. This model offers the academic benefits of single s&x educltion along with thg socixl bqn•fits thit will come from the many joint actyviues between the three school5. Thp Sf*nior Ipgdprship tpams Cnntin to work together to ensiir@ that the benefits of partnership are b@nÈlittin8 the children and students In our care. All three schools have a tradition of exceptional pascoral care, born out of their Catholic and Christian foundation3, Yyhith ha3 yeryed them well in ehe3e turbulent time3. The Tru3t 3choo13 3hare the 3arne Yalue3, ethos and high standards, and with almost 1,200 pupils and over £30m of assets. the Trust is very well placed for the future. The Govcrning Body The Board ol the EffiTrgham Schools Trust 15 mide up ol governors as lollow5- Mr% Annette Turner (Chair) Annetce Turner became a Governor of 5t Teresa'5 School in March 2014. Chair in 5epternber 2Q17. On the Tnerger of Sc Teres2's and Cranmore forming the Effingham Schools Trust IESTI in September 2019 she became the Co-chair of EST with Michael Henderson until March 2024 at which time she became the sole Chair of Governors. She graduated from CdiiiL)i Uliivvi SiLy lidvilix >Ludi¥d xvu¥i dpIIyi IS d Meiiib¥i ol Cliai-Lei ed IIisuLUL¥ vf Pei sviiiiel aiid D¥velopiiivi)L aiid h2% a MA<tp.r'% Dg.grgp_ in Pgr%onnp.l MAn28p.mpnt frrjm Kin8%tan Univp.r%ity. Shè livÈ% in Fgtr.hnm And rÈcg.nrly rgtirg.d Vlcè PresidenL HR for a US multinational Engineering and Projeci Mènagement cornpany with a regional office in Leatherhead. She ha5 Over 25 years. ¢xp¢ri¢nc¢ in I luman Resoui-ces, is an active m¢mb¢r ol the Catholi¢ Church of IfFinshdrn and Fotchim where sho is 2 Catschist on the Confirmation Pro8r2mm@.
EFFINGHAM SCHOOLS TRUST
GOVERNORS. REPORT (CONTINUED)
YEAR ENDED 31 AUGUST 2025
Mr Miehael A8iU$
Michael Ayus joined the Trust on I September 2019 having been a governoi- tt Cranniore 5iiice 2013. Micl)ael Agius is a
Chartered Engineer and Fellow of the Institution of Civil Engineers. He started working with Hertfordshire Colinty Council
in 1966, moving 10 Surrey in 1974, livingfirsr in Fetcham and then moving to Effingham in 1978. He worked with Leatherhead
eed civil engineerins coneultante
Howard HurnphreyJB&RIKBR, taying with them until hc rctircd at the end of 2005. 20
years of this period was spenc overseas. 15 years ifi Tanzania. 10 years as Managing Director of Howard Humphrey5
Tanzania and chen S years in Greece, a5 one of three Project Managers on the construttion of 680 km of tnotorway from
tho Adriiric ro Turkey. He has been an active parishioner at Effingham ind Fetcham Sin 1974. He was previously Ihe
Chair ol the Cranmore Finance and (ieneral Purposes CoMmite and Is the I rust'5 lead liovernor lor Catholic education.
Ms Sally Hall
Sally I lall became a goYei-noi- in March 2020. Jhe is a Geography si-aduaL¢ ol clie Ui)iYersicy ol Jlièifi¥ld, e >lie dlsv
82inp.d hpr PC.CE. S211y h%% txiight in rh¥% irtdpppndgnr rtr Inr 2lmnEr ?n ypar< 2nA is nppLiry Head P3Storal and nesignated
Safeguarding Lead ai St George's College. Sally 15 also part of Surrey'5 Schools and Edycation Safeguarding Forum. She lives
in Weybridge and enjoys travel, cooking, logn8 and watching most sports, especially her home team. Wolverhampton
WAndprgrs.
Mrs Sally Hayes
Sally Hayes became a governor of Sr Teresa's School In july 2014. She is the lead governor for 5t Tere5a'5 Prep School and
a membcr of the PaJtoral and Safcguarding Committec. She a Lloyd.: Brtsl<cr for cishtccn ycar- bcforc bccoming a
mother to twin daughters who were educated at St. Teresa's. She now work5 as a nursery assistant at a local school. She
wa5 Chair of the Friend5 01 SL Teresa's for eight years. She 15 the Designated Governor lor Safeguarding at St Teresa's.
Mr Datniawi Honey
D2mixn Honey beimè * Governor in Februiry 2022. Hè wis wJuc2t+d at Stonyhurst Collegg in LanciKhir•, and i¥ a Liw
Graduats ol the University o15hertield. Atter studyin% at Bar School in London and qualitying a5 a barrister, Damian then
requalified a5 Solicitor. Since I 996 Damian ha5 worked for I10lman r"enTrYick Willan LLP. In 2003 he b¢came a parLTrer of
the firm. Since then he has Served terms on the Management Board and Strategy BoArd of the firm, and is currendy the
Head of Incernational Arbitration and the Global Key Client Partner. He is a Freeman of the City of London and a Liveryman
of thc Wor-.hiplul Company of Bowycr.. Damian ha: livcd in Grettt Bool
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT (CONTINUED) YEAR ENDED 31 AUGUST 2025 School. She was appointed Head of the lunior Department in 201 O and retired from teaching in 2017. A year after her retirement she wa5 appointed as a Governor of Manor House School and becarne Chair ol the Educauon Commiiiee. She was deli%hted to be Invited to join the I Lsoard in 5"epternber 2U23. MarRaret has many interests which include travel, yO8l W21kin8, reading, arts ind crafts ol any form. but most importxntly sh& valuos gpgnding precigus tyme with har fimily. She continues to have a love of learning and in 2022 became a qualified NLP pracririoner, wirh parLlcular reference to the rnpntxl hgxlth nlyniing rhildrpn qhg. livp< wirh hpr hiiEh2nA in Ciiiildfnrd inA is A mpmbpr of the Catholic parigh ol fJuildlord. Mai-sart¢ 15 sratelul for the opportuniLY ro conii-ibu¢t ¢0 che advaiiieiiieiic of eduiaiioi) ai)d w¥ll-beiiix vl SLuJviiLS, dTI she look5 forward to continuing thi5 journey with enthusiasm and dedication. Mr lain Morgan (retired 24 June 2025) 12in Mnwn hg.rAmp J gnvprrnnr nf sr TprgE2'E %rhnnl in J2niJxry ?n17 2nd %inrg fgptpmbpr ?018 hp rhairpd the Finanre and General Purposes Committee. He is a Charted Aceourtant and a Chartered Engineer with an Engineering BA from Cambridge University. With over 30 years, experience in Finance he is working as a Finanee Director at an internationally important Civil Engineering contractor where he ilso chairs a pension fund committee.13in is married 2nd lives in Bookh3m. HIS 3 daughier5 were all educated ai Si Tere5a's. Mr John Rourke (retired 2 December 2025) John Rcurl<c bc&an hi5 acadcmic carc¢r lecturins in the Univer5iy of Walc5. Hc oubo¢qucntly movcd into school tcachins. becoming Head of Gunnersbury School in West London. and ultimately the founding Principal of a Catholic sixth form Qllege. S¢ Charle5. a150 in London. Upon retiremeHt in 2002 he co-founded and tnanaged the educational consultancy ALPS IA Levql Performance Sy5t&rnl for a furth•r fourtegn years. H has s•rwgd as Gov9rnor It sqvorll gducational institutions. including beinR Lhairman ol a University Lolle%e, an Academy, and 5t. George's College Vveybridge. He his also served on local and naLional educational bodies, and on the educational boai-d5 of trNQ dior¢5¢5. Ht wa5 appoinLtd cfJE (New Year Honours 20001 and KSG (Papal Honours 20021. He lives in Weybridg& is actyve in parish life, and became a Governor of the Effingham and Cranmore Trust In 2022. Mr5 Geraldine Sims-Bra5sett Geraldinc became a Govcrnor of Manor House School in 201 l and is currendy the Chair of Covernor3 at Manor House School. She was appoinced as a (iovernor of the Effin£ham Schools I rust in 2024. As well as her on%oin% responsibilities for Manor Hous• School, G•r31din• is 31s9 J membor of both th• Board and Finance Jnd Goneril Purposes Committee of the Elfingham School Trust. Geraldine is a Fellow ol the Pensions Managemenr Institute and works as a senior consultant fnr x pp.n%ion% e.cJn%iJltxnry whè.rÈ %hè 8pp.ei%liqp.% in deliv&ry of rÈeiJl%tory chxngp prajp.rt_%. Shg. rg5.idg.%. with hp.r hiJ#hxnd in Fetcharn and ha5 two gnThn up childi-efi. Mr Paul Thompson Paul joined the Effingham Schools Trust Governing Board in October 2022. Educated at Cuddesdon Theological College Ind thc UniYcr5it¥ of Oxford. Hc wa5 ordLincd to thc pric5thood in hi- hornc Dioccdc of Liycrpool, initiilly-pcndin6 thrcc years as Curats in Kirkby new town, before moving to an ecumenical appointment in the world of education and industry in Knowsley. joining the British Army a5 Chaplain 500n followed. with Several cours of dury in teachingltraining establishFnents. During that period, complèting tours in Northern Ireland, 2nd further operational tours in Bosni2 2nd K050vo. In 2001 Paul wa5 appointed senior Chaplain at Ep50m College, a co-ed HMC boarding School. This role involved total involvement in the School. Teaching 'A' level and GCSE RS, Phi1050phy. Ethics and New TestamenL Sptsrts coach in rugby. hock.ey. cricket and soccer. Ind of courso liturgic21 oversight in the d2ily worship of the Colloge Chapel. Prior to becoming a Governor, Paul worked part time at St Teresa'5, untsl August 2022, teaching variou5 year groups and as51scing the work of the chaplain. He 13 an Hon. C&non at Cuildftsrd Cathedral, and firmly belieYe3 It iy a privilege, to be ealled to work with the pupils and staff committed to our care and oversight in the field of education. Although now living in North Norfoll Canon Paul hopes 10 play hls full parc In the Iru5E and prays Iha£ Ihls wlll bear frulE rhai wlll endure.
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT (CONTINUED) YEAK 31 AUGUST IQL5 Mrs Sue Walker Susan becarne a Governor in March 2024 and is a member of the Pastoral ind Saleguarding Cgrnmittee. Having Studied History & Cpography at St Mary's in Twi¢kenh>m Susan's first te2chin8 Post wa5 3t Our Lady Imm%cul2te in Tolworth. following a break to bring up her two children she moved to St joseph's In Guildford where she taught In the special needs department. Her next move t¢)ok her to Cranmore where she tsught lor 24 year5. the last 16 as Deputy Head, during which time Susan was responsible for pastoral care and day to day running ol the Senior Department. She was Also on tho Academlc and Ploal Comtniiiee. During her career She taughi chlldren from recepilon through £0 year 8. She is involved in local VolntarY work and after her reurement from teaching was invited to becotne a Trustee at Cherry Tree5. Susan recently moved to Farnham and is an attive member of her local Catholic Parish. She has two grown up cliildi"en, a 5011 wlio acLended 5(. George's aiid a daughLei" wlio weiiL LO SL Teresa's Pr SLlivul. As WEII liEI IdiTiiIy. interests include keeping fi( travel, reading and cooking. She is the Designated Governor lor Safeguarding at Cranmore. Mv$ MxuvÈén Wilkin$on (rÈtiÈd 24 Junè 2025) Maureen Wilkinson has been a governor at St leresa's School since Oecember 2015. She wa5 a member of the Finance and General Purp05e5 Comrnictee and was the St Tere5a's Nealch and Safety lead governor. She 15 a propery solicitor and leads the residential Real Estate team of DMH Stallard a5 a partner in Guildlord, having previously bee a pirtner at AWB Partnership where she qualified In 1989. tyaureen lives In West Clandon and Is a former pupil of St Teresa s, togecher with her sisters, and 13 very interested in the deyelopment of the equcstrian ccntre hovin8 previously reprc5ented the School in show jumping. Mr David Williams (appointed 24 June 2025) David Wllliams became a governor In March 2025 and sl£s on Ihe Flnance and General Purposes CommIee, locuslng on the Health and Safety ol the schools. As a graduate ol Roèhampton University where he also gained his PGCE, David is currently Deputy Head at 5urbiton High Gir15 Preparatory School, overseeing pupil development and wellbeing. as well as bein8 an Assistanc Designaced Safeguarding Lead. As an ex-pupil of Cranmore, Dayid liyes locilly in Horsley. and can often be seen walking the dog or being the parent taxi service to his three teenage children. Mr* LAura Young (appointed I SÈptember 2025) Laura Young became a governor in Seprember 2025. She wa5 educated at Kendrick Girls. Grammar School in Readin8 bclorc rcadins Gcosraphy at the University cf CJmbridEe. She also holds a Diploma in Mirkèting. Her international careor spans 34 years at Shell, including 12 years living in China and Singapore. She led large commercial, operations and customer facing orgaiiisacion5 and wa5 a pa55ionate advocaie for Diversity. EquiLy and Inclusion. She wa5 a150 a Trustee of her local Citizens Advice for 9 yeirs and she is now a coach and mentor to business executives. Laura lives in Esher and her older daughter recently lef¢ Sc Teresa'5 after 7 wonderful years. From her own parental experience, she ha5 an interest in 5upporiin8 youiig PEvple particuldily tlivi¢ WiLlI sp1] ¥duidu¥iidl ii¥Eds.
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT {CONTINUED) YEAR ENDED 31 AUfjU5T ZQZ5 The Governors of Effingham Schools Trust present their Annual Report and Accounts lor the year ended 31 August 2025 undÈr thp. CrJmp%nip% Art 200A xnd rhg f.h2ritip< Arr ?ni i incliiAing the nirettor5' Report 2nd Stratowc Report undor th• Cotnpanles ACE 2006. the Memorandum and Artlcles of Association and the Charities SORP 2015. Hlstory and Constltutlon 5¢ Tere5a's School wa5 established in 1928 and was previously operated by the Institute of the Religiou5 of Christian Instruction. St Teresa's School Effinghitn Trust wa5 set up on I Septsmber 2002 and is a charirable eornpany limited by 8uaranteo. Th• Trvst was renimed the Effingh2m Schools Trust on I Scptcmbcr 2019 a: St Teresa.. School mcrscd with Cranmore School on that date. Cr3nmorp School wag establighéd in 1968 as J Roman Catholic School 2$ part of th• Diocgsg of Arundel and Brighton Charity. In order to better manage the School, it was agreed to rnake Lranmore 5"chool a company litnited by guarantee operating as a charity in its own right on 31, August 2011. The original Memorandum and Articles of Association of St Teresa's School Effingham Trust, datsd 9 August 2002, have bccn amcndcd although the new Effingham Schoo15 Trust Articlc5 of A350ciation dated I l Oetcber 2019 are 3ubstantially the same. On 3151 August 2013 Manor House School joined EffinghJm Schools TrusL knttlc Bool<ham Mantsr Hou5c School was lounded in l 920 and it is constituted as a company limited by guarantee. registered in Enzland and operating as a charity known as Manor House School. It became a wholly owned subsidiary of Effinghim Schools Trusc on 31" August 2Q23. The 2rrniJnr% nf Mannr Hniisg Schnol aro thiig tonsolid2ted with thÈ accounts ol the Trust In 3ddition. the Ch2riry hx4 two whnlly Cjwngd ÈiJh<idigrios. St Te$,5 Fnterprises Limited Cranmore Enterprlses Limiced, whose principal activity is the organisation and management of the commercial activities associated with theTrusL Thc commercial aCtiYitlC4 primarily con51ae of thc rcntal of School facilitie5. A 3ummary tsf the activitie3 of thc 3ubJidiaries is oudined in note 4 01 the accounts. The accountg of thege trading subsidi3rios aro con%olidAtp.d with thp. xrrrJiint% rjf rhp Trubt lind the prof115 are gifi aided EO Ihe Tru51 and augmenE Ihe fund5 avallable for burs1e5 and assisted places. Objeci) The objerts of the Trust are 'to advance education by conducting any boarding or day school or schoo15 lor children of the Roman Catholic relision with or without other Chritian or non-Chri5tian children. dnd to carry on sueh other eharitable work5 advance the Roman Catholic reli2ion'. Aims The Trust will encourage each pupil to rejoice and do well through the pur5Ult of academic excellence across the curriculum and beyond.. will provide suppofL encouragement and challenge to every pupil to develop their ful5 poteniial in preparaiitsn fnr thp fiitiirg.. 2nd will prnmntp high stanAarAs of person21 bphaviour 2nd thÈ dèv$loprnent ol morJl and spiritU21 viluoi in each pupil.
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT (CONTINUED) YEAR ENDED 31 AUGUST 2025 Vision The Trust prides itself on helping each student to realise hislher academic potential and. as a Catholic Tru5L recogni5e5 che gifts and talents of all the children and young people. Therefore. the overall perfoi-mance of the Ti-u5t 15 Of prime imporrance buc not at the cost of the individual pupil. The Trust will not remove pupils to improve league ubles bui will work with each pupil to help him or her achieve the best of his or hèr capabilities. Siblings will glin automatic entry to the Trust and pupi15 in thc Prcp Schoo15 will havc an automatic ri8ht of entry into the Senior Schoo15 provided their literacy and numeracy abilities enable them ¢0 access the Senior Schools, curriculums. Our Schools have a Christian eth05 with Strong. clearly defined values expressing Faith. Community. Character. Compassion and Inielleci Ihai are acce55ible EO all, understood by all dnd are lived by illl iii tlie 3ilivDI ioiiiiiiuiiity. Tlie PdStor41 or8anisafion ol the Schools is desi8ned to help support these values and care for eh pupil as m individual within the School family. The Schools value their Staff, both teaching and 5upporL wving them every opportunSty for personal eYelopiiie5)L clii-ougli ci-ainiiig. CPD aiid annual a55t55meFbt. Tht Schoo15 ¥wiI1 b¢ fully r¢59uired ovei- tinie in buildings, f3cilitlQ$ 2nd pqiiipmpnt rn pmviap An pnvirnnmg.nt thxr p.nxhl•.% dg.livp.ry rjf thig vigion fejr the Triigt. Th? merger bÈtween the Schools to create a co.educityonil Diamond Model school offer5 the benefits of the co-ed classroom to young pupils, the benefits of single sex in later prep and secondary years, before finally returnin8 to co-education at Sixth Form with EhxrpA valiig.E And prhrji. Wp. hp.li&vg. th2t thi¢ h%% opened up exciting possibilities which will build on the vison and achievement5 of both schoo15 as they move forward iogeiher wlih renewed confldence 10 develop the dlarnond model of educ2ti0n in thi5 part of Surrey. Publlc Beneflt The Governors recognise the duty imposed upon them by Secclon 17 of che Charities Act 201 l and also Ihe requirement LV lidye Jue i egai d LQ Llle geiiei.al guidaiice pi"ovided by tlie Chai-i¢y Cornini55ion in connection with Public tknefit. The Catholic and Christian eth05 and valuos of the Schools has always bèen to encournge students to be oiitward looking and compassionate towards others and this Is demonstrated through numerou5 charicable projects which take place across the year. During the year rhe Trus£ cOnnUed w enhance lis Ilnks wlth Ihe local cornmunlty. A nutnber of local 5choo15 have acce55ed the Trust's educational facilities. for examplè local sports clubs and state schools have used the Trust's swimming pools, sports halls and sports pitches 2nd local children regularly train at the Schools. Local churche5 and charities have utilised che Tru51'5 tlieaire aiirj otlier fitiilitiEs aiid Llie TI-USL'S I&LiIiLiE> dl ¥ dlsv VT uvided ll1)VuL cliat8e for- deaiiet-y iiit¢¢inss. The Prep School Choir 2nd Cranmore Choir5 have supported local pvents sijch 2% thp. vill2gg. hArvp%t f@stiv313nd Christmxs services. The Trust ha5 been activÉ in gupportin8 many charitieg. incliiding C.afod, c.herry Treps. Hn5pic*. IIK. M%ry'< Mp%1% 2nd Attion in Alrici. As part ol our Harvest Festival celebrations, food items were collected and pupils then helped to deliver to the Foodbank warehouse.. at Christma5, pupils took part in The Shoebox Appell with shoeboxe5 being filled Y4ith gilts lor ehildrén who woiilA rnthprwisp nnt xnything tcj fJpp.n t)n Chri%tm2% dAy_ Thi5 year the Trust awarded scholarships. bursaries (including l 00% assisted places) and allowance5 of £4.802k representing 16.8% of gross fee income of which bursaries and a55lSted places represented 5% 01 gr055 lee incorne. The Governors, pollcy Is 10 award scholar5hlp5 on Ihe ba51s of ou15tanding abiliry and 10 provide bursaries 415 SUPPQI-L lui paieiiLS 111 fiTidTILidl difficultics to cnable their ehildren to remain It tho School. The Trust upera¢ES ali PldLES SLlieii)e foi childi.en who would not oi-dinai-ily be able to afford the fee3. A number of pupilE wqr• covered by the scheme. includin8 reliigA@ thildren from I Ikrxinp. 2nA thp tnrxl hpnpfit fnr A%%i%rpd plAces this year wa5 L16Uk.
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT {CONTINUED) YEAR ENDED 31 AUGUST 2025 STRATEGIC REPORT REVIEW OF ACHIEVEMENTS AND PERFORMANCE. THE SCHOOLS THIS YEAR ST TERESA'S SENIOR SCHOOL 5t Te5a S Senior School continues to provlde an ouisonding educatlon Ihac has enabled all glrls ai both GCSE and A level to achieve academic success. The value-added scores remain high, with our ALPS score placing our Sixth Form performance within rhe top 25% 01 schools nationally. A Level Figures Year Entries 2025 116 A_C 90 SY. 89.2% 91.5% 97% 92.4¥. 96.7% 84.3% 14.7Y. 49.1% 78.4Y. 97.4% 91.5% 97.2% 99% 99.3Y. 98.6% 92.2% q4% 1000 99.2% 98.6% loo% loo% loo% 2U24 2023 2022 2021 2020 2019 2018 12U 71 112 130 92 102 113 2u.% 14.lyo 23.2% 34.6Yo 29.3% 4.9% 42.5% 45.1% 70% 65.4% 75% 29.4% 34% 71.8% 87% 83.9% 88% 56.9% 6?% 00% Comp2rÉd to the previoiis year. the propnrtion of A lApS foll Ifrnm ?0 A% tn 14 7%). hiit irnpnrtjntly thiE IE Etill significandy higher than pre-2019 levels. The excellent percentage of A*_A improved Significantly {42.5% ¢0 49.1%). indicatinE Stronger performance in the top two band5 overall. 56% of the A Level cohort continued their study in a Russell Group UniYcr5iV. GCSE Grode distribution Year Cumulative 18.5 28.0 20.7 48.7 22.1 70.9 IG.1 87.1 95.5 99.6 loo The national figui-es show girls were awarded fewer Grade 93 overall thin in previou5 years {5.8% of entrie3 nationally for girls). Percentage of Grades at 7-9 also fell slighdy lor Rir15, so our cohort'5 irnprovement trom last year is to be highlighted.
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT (CONTINUED) YEAR ENDED 31 AUGUST 2025 GCSE Grode distribution Prewous yeor comporison (%)-. Yeir 2025 28.0 48.7 87.1 95.5 99.6 2024 10.4 22.6 44.1 66.6 87.2 97 99.9 2023 14.9 29.2 48.9 75 92.2 98 99.5 2022 37.8 55.3 72.8 88.8 97.2 99.8 2021 13.9 30.5 51.0 76.7 93.3 90.3 100 2020 82.5 94.6 99.8 100 2019 16.5 30.9 49.8 68.3 86.4 96.4 99.8 2018 13.6 30.5 52.9 72.8 91.4 98.5 100 The national figures show girls were awarded fewer Grade 9$ overall than in previous year515.8/0 of entries nationally for EirS%l. Pprrpnr2gg nf Cirxdg.E at 7.9 il<n fpll <li8htly fnr girl<. Én thp imprnvpmpnt frnm Ilst XPAr is tn bp highlightpd Value Added grades were excellent at GCSE, with pupils on average achieving 0.8 grade above their expected performance. Our analysis highlights the following subgroups performed exceptionally well.. Pupils with SEND10.91, Lower ability pupi15 I l. I l and UK 0arder51I.41. Muslc The music department had a vibrant and productive year, with continued curriculum development and increased iiicexrativii ul teiliiivlou. Tlie rEcDrdiiig Studio remained in frequeni USE. A wlde range of concer[5 were warmly recelved. The rebranded Evenlng at the Theaue successfully incorporated musical theatré and 1é2tured Year 7 girls performirig with the Symphony Orchestra, stxff musicians, Ind profqssion21 opgri slngers. O£her evenis Included che Cabaret Evening. Christrnas Concert, Lower and Upper School Recitals, the Clas51cal Coneere, xnd Music xnd R•adin8s for R•mqmbrnncg. Thg ClJssicJl Conc•rt again offered students the chance to perform on period Instrument5, 5UPPOrted by expert visiting staff. Collaboration flourished across the school cotnrnunity. Prep and Senior student5 joined Cranmore pupils for the Cranmore Live event, working with a professioTral vocal ensemble. T-Fest closed the year with an outdoor celebration involving many performers from 5t Teresa's and Cranmore. Schola Cantorum led termly Evensongs, school liturgies. and sang in Chichester and Winchester Cathedra15. Year 6 girls were invited to join the choir to support tran51tion into Senior School. 2nd links betweèn PrÈp 2nd SÈnior music st2ff remxined stron& with % lixth form rht)12r At<iting rhg Prgp The department also partnered with Performing Arts lor Oh Whot A Lovely War and Shrek, with students performing alon8side staff ind professional musicians. Music Scholars enjoyed an enrichment trip to Les Misérobles in thq Wqst End. Siudenis achleved excellenr results In practical exams across ABR5M, Triniry, LCME, and Rock School. Beyond school. St Teresa's musicians contributed to numerous ensembles and events. including the Surrey and South West Surrey Youth Orchescrds. National Youth Harp Orchestra, Horsham Second Syrnphony Orchestra, the Lord Mayor's show, Surrey Wing Band. and local church choiry.. Performing Arts Dram& An excellent Set of GCSE results,. l 00% 4.9. 53% 7-9 and the numbei- of Sirls pursuing the Pei4orming Arts post GCSE continues to grow. with 55Yo of our GCSE cohort going on to study Drama at A level. We were delighted to have a strong A Level cohort again this year.
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT (CONTINUED) YEAR ENDED 31 AUGUST 2025 Dance.. The girls did well with thelr GCSE results.. l 00% 4-9. We were delighted to have another strong cohort for A Level Dance in September 2024 and the A level Dante re5uIt5 were very pleasing. LAMDA.. There were out5tandin8 re3uIt3 throughout the year, Yrfith l 00% Distinction for the Sprins Examination), 70% Distinction and 30% Merit lor the remainder of the year. The number of girls taking LAMDA remain5 solid and the department is thriYin8. Productions= Thi5 year Lhe Performing Arts Departmellt produced two whole school productions. In the Autumn Tertn the Performing Arts Deparcment performed a multi-media production of'oh What A Lovely War, with our s¢udent5 8ivin8 high quality performance5 in an out5randing production. In the Spring Term the gir15 perforrned 'Shrek'. which was a huge 5uccoss and included J lir8e speikin8 CIS¢ 3nd company of I l 0 students. Performances.. Year 7 performed in their very own Drama Fe5tiV31 in the Summer Term., performing 2nd directing p12yS written, produced and directed by themselves. Their pieces were perfomied as an afternoon ol theatre lor their year Rroup. Ycar 9 also pcrformed in the Summer Term, performing their devised picccs'Truth and Connection,, which they had been working on In their Drama lessons. Clubs.. Drima Clubs for Year 7. Year 8 and Year 9 continued to be popular. as well as Scholars Club. Musical Theatre Club5, Lishtins Club and Dance Club5. The CoFnpetition Dance Squad'saltare. gained great success in national competitions and r3ised the profile of Dance at St Teresa's. Mark lermin's Stage and Screen Club ran monthly all day workshop5 which were very popular. Their agency had a number of our students auditionin8 lor various h'lnis. prowamrnes. voice over5 and advprtg. Mark Jermin Prodiictinns )l%n hn<rpA thpir fifrh rpEiAgnti21 £iJmmp.r rniirEp hprp in lilly whirh hiizp. qiJrrg.%E. Enrichment Activitie5: a nurnber of the3¢re trips took place. for both Dr2rn2 2nd DJnco. including '8lood Brothers, 2t Wimbledon Theatre and rhe Move Ic Dance ExhibiEion ai Excel, London. There were variou5 workshops including Paper Birds Th¢xtre Compxny for Year 9, GCSE 2nd A Leve5 Drama student5. Our Performing Arts thWaY was initiated and proved popular with Sixth Forni members. We continued to have a nurnber of our pupils in top Dance Sch¢)ols. theatre companies, youth theatre groups and Conscwtoir¢s. Some of our actor" and dancers also performed in a number of productions tsutside of sehool. Some of the dancers competed at regional level competitlOll5. A number ot our pupils continued to have a%ents and work prof¢55ionally within thc indys¢ry. Spoit We continue to provide a full And varied sports progr%mme 3cross Netball, Hockey, Swimrning, Crickel Cross-country, Badminton, Tenni5 and Athletics, with A teams gaining valuable national-level experlence In competl£lons such as ESSA Swimming, Sisters in Sport Netball, Sports Magazine, England Hockey and the Independent Schools Hockey Cup. Depth of participxtyon remain&d 2 priority. with @xt@ngiv@ U fixtiireg and Hoiise pvpnts Our cricket provision saw maior growth following the Installation of four new hardball nets, enabling expanded training and more hirdbill and 50ftbill fixtures, including entries across four age groups in the Surrey Cup. Netball and Hockey remain the most widely played sports across the Autumn and Spring cerms. Several pupils were selerted for Surrey County and Development squads within their respective age groups. W¢ continuc to proudly h05t the StTcre5a'" Netball Tournament for srudents from Year 5 through to Year I I, welcotning teatns from a range of other schools. The tournament has been a great guccess, creating 2 vibrant 2nd competitlvo Énvironmont for youn8 2thl•t•¥. Th• cornbined Hockey and Netball tour to South Afrlca was 2 greac succes5, provldlng puplls wlih valuable culruraS and compeiiiive @xperiontes Oiir Nottingham resiAential wegkpnd rgmAin¢ x rnrn&tnnp. cjl thp. fixtiiro. prDgr2mme. and our established partnership with Guildford Hockey Club continues to enhance our provlsion through ac¢es$ to specialist coaching staff. The 2U25 tennis season showcased exceptional depth and achievement across all age groups. with U12 to U18 teams representing the school in the LTA League Surrey Division 2. Notablo 5ucces5e5 included the U13 A and U15 B teams reaching the quarter-finils, and the U15 A team crowned champions. Ar the Independent Schools Tennis Association Championships xr Ernn C.nllp.gp.. nijr U16 A rÈAched the SpringthorpÈ Cup semi-finil. Both age groups also entered the
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT (CONTINUED) YEAR ENDED 31 AUGUST 2025 School Sport Magazine Nacional Schools Tennis Cup. Our strong partnership with the Effingham Schools Tennis Academy continued to provide specialist coaching and supporu including hosting the Play Your Way to Wimbledon tournamenL Our Swim programme continues to thrive- At the ESSA Finals. tèams placed 9th and l Oth n2tianAlly nijt nf mt)rg. thxn 15a schools and at the Surrey Schools Championships, $wimmer$ secured two golds and a bronze, with foul- 4th place finishes and eight girls ranking in the top live overall - earning St Teresa 5 a 3rd place acros5 all age groups in Surrey. Water Polo also features within our swim progrimme, and we have seen a sood Icvcl of uptakc. The Summer term Bitthlon wa5 anothcr highligh¢ attracting over l 00 competitors. As boys join the Effin8ham Sixth Form they will take part in competitive fixtures across rugby, football, squash. tennis and mixed hockey. The first half terrn will include several football fixtures. followèd by rugby 7s in tho socond half_ Addition%1 co-currieular elubs, includins cricket net3, solf and rowin& have b¢en added to the timetable, and all students will have use of the new excellent Sixth Form gym facilicy. ST TERESA'S PREP SCHOOL Academic success remained stron& with a significant number of gir15 Outperforrning other pupils their age in all areas and the school continues to have high expectations for all gir15. Externally benchmarked assessments dernonstrate that pupils make very good progress and value added is high. Naths saw 15% 01 girls perlorm at expected level or higher.. English Saw 85°A of girls perform at expected level or higher,. 39% at higher or much higher; Scholar5hip5 lor entry to Senior School saw 15 Prep pupils achieve 16 scholarships. Wider Cuyriculum On top of the regular academic curriculum. we have enriched the curritulum over the last yoxr with work%hop% which ineluded.. ludai5m, Viking Life, Shan8 Dynastyb Alice-in-wonderland Dance, cre2tiYe writing and performance poetry. Wintershall came in to deliver a Biblical character assembly and, in lune, Year 6 spent a day watching the 'Life of Christ, play. YgJr 4 gnga84d in rdoning 2nd forost school 3h•ad of thoir rèsidential to 'Bushcraft' where they learnt a whole raft of 5kI115 frorn etllergency flrsr ald, 5helier bulldlng and flre Ilghiln& Year 5 'Adopied a Chef in their annual culinary series, they attended Maths M2storcl2£s evÈnt%. Ènjoyèd A TriJ.¢r-widp Fr&nrh Brg5.akfxst And larpA thgir fp2rg nn thp Pf:l activity residential. Year 6 completed their entrepi-eneui-ial education with Lif¢lab, culniiiia¢ing iii clieii- Di-agoi)'s-Deii-SLIlv ViLLII¥ and their product fair.. they engaged with Year 7 in three transition events,- and spent a week in France pracusing their spoken Fr¢nch and Icarning firsthand about French customs and culture. Finilly, Y¢ar 6 entertained us all with their Sumrner production of the jungle Book. Over £4.500 was raised for ch2ritiÈs close to our hearts- with a notable event being four Year 4 girls who owanised and ran a bake sale. One pupil wa5 placed 12th in the country at an IAPS swim finals and our U I15wim squad won 7 out of 8 sal&s. Partnership Events e had succe55fu1 partnership events for Years 4 - 6 Includins French Breakfast with Tear 5,. Inter-School chess club rnmpptition hplA at St Teregx's.. Year 4 piipils. from the Trust. came together for Ate3m- buildiii& aiid Ivuiidei-> 41iEI IFVUII, Y¢iir 5 yupils liilVE Lviiipeted iii tlie Roy411 In5CitUlE of Maihemaiic5 Ma51er Cla55.' Year 6 pupils were treated to a French production of Le Chateau by Onatti productions. ross 10
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT (CONTINUED) YEAR ENDED 31 AUGUST 2015 CRANMORE This stad@rnic year been one of ey£eptional progress 2nd achi4vqmont at Cranmoro. From $uc£os8fvlly p3$Bing a full ldePendenL Schoo15 In5pe(toraLe inspectioii ¢0 secui"in8 eAaiii ceiiLI v SLaLuy diid dvlivEriiTr8 uur first ever 5erie5 01 GCSE examinations, the School ha5 reached a major milestone. We have also introduced a new and refined 11 + 2ssessment proc¢55, lurthcr stren8thening our entry Structure. We haye 3een Jtrons retention of pupils in Year 6 who will movt iiico the Senior School, a testament to the quality and continuity of our educational provision. These accompli5hFnents reflect the dedication. professionalism, 2nd co112borative Spirit of our staff. With all year groups in place, Cranrnore ha5 continued to build its credentials as 2 Senior School, securing exam centre 5tdW5 and tfftlLiv¢ly rnana8in8 die Scliool's first 5ei-ies ol GCSE exaiiiii)atsui)s iii Lli¥ Suiiiiiiyi. TIIE Seiiivi- Silivvl li¢i& growii considerably and now mikes up almost two thirds of the pupil population. ISI eompleted a fu51 Inspection in February 2025. The School has met all the Independenr Schools Inspectorace srandards. The belt foedb2ck c2m4 Irom th• paront Kurv•ys which indic2tgd th3¢ thqy w•ro immensely proud of our School and that Ihey are exErernely happy wilh Ihe pro¥i5i0n awardlng a 96% raiing overall. The inaugural Year I I dinner for pupils at)d parents was well e1ved and enjoyed by It wa5 a fitting farewell to our pioneering GCSE year group and an opportunity to acknowledge their commitment and achievements and the faith that their parcnts have pl*ecd in Cranmorc. During the Summer. wè proudly marked 3 milestone is our first Year I I cohort completed their GCSE examinations. achieving impressive Set of re5uIt5. 74% of all grades were at 9-6, with exceptional individual achievemen£s, including our top-performing pijpil socijring ninÈ erAdo 98 2nd 2n A in AdditionAI MArh%. GCSE Grade Di5tribiJtiO rade Cranmore Cumulative % 2025 N¢i1ivii<il Cuiiiuliilive .10 2025 23.5 12.2 47.1 21.8 74.2 35.4 91.0 51.9 98.4 67.1 Music The Muslc Departmenr recelved some excellenE mu5Ic examlnarlon re5ulr5 In Ehe 3prlng Term. Three pup115 pa55ed Grade 7 and a Year I I pupil passed his Performance Diploma in Musical Theatre Sinn% with Distinction. He can proudly now place Dip LCM aftsr his name. Cranmore Live we exceptional this year, having welcomed groups in the past such as The London Community Gospel Choir. Tenebrae, The National Youth jazz Orchestra and world.c1S violinisL Nicoli Benedetti. thij Year welcomed the imazins G¢JuJldo Six. This male acapell& Yocal ¥oup tour the world 3insing muJic from the Renaissance Yeriod, a rich period ol choral mu51e. I hey worked with choristers Irom acr055 the I rust in an afternoon workshop and then performed alongside them during the evening concerL It was a Stunning event in the Auditorium. There is an exceptionally busy finish to the year with Prom5 in the Paddock, Prep and Senior Piano Concert5, Yrjijng MiJ.¢irixn FinAl< and Winnp.r<' CrJnrpr¢ piJpil.% will he pèrftsrmine in FoiJndp.r'% DAY MA%% 2nd Prize Giving. Sport Lranrnore 5POrts teams have had an itnpre5sive year, with notable wins in football (National Lhampions U I I, Henkes Shield, five tournament wins at U IOIU I I competition51, rugby Imurray Cup), swimming IIAPS Regionals host, IAPS Fin31s, ESSA Finals), squash {U165 National Schools Fina151, and cros5-country (Haskell Cup 2nd place). The School has played over I ?00 fi)rtiir95 gnsiiring Rptsrr frtr all 21nng%idp plitp pp.rfnrm2nrg.-
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT (CONTINUED} YEAR ENDED 31 AUGUS"12025 Sorne highlights include: U I l Football National Champions (beating Whitgift in the Final} NntAhlp wiri% 2g2in<t rprtain £pninr %rhnnl<' Hamptnn. r)iilwirh, £t Inhn'<. And Trinity (Riighy 7$). Rpedg xnA r.ity of London Freemans {Rugbyl, WellingEon (Hockey), Golf {Gordon'sl, Emauel (Cricket} Top SO cricketing school.. Schools Cricket Magazine Thriving provision 2nd uptxke in sports such * rowin8. skiin& and golf Hosod Primary school events Ifootball ind cricket), plus our annual U8 and U l O football tournaments Multi-sports Tour to Dubai and Skiing Trip to Italy Design & Technology This academic year has been a truly exciting and inspiring one for the Design and Technolo department, marked by creAtivity. co112horAtion. and communiry spirit. As part of the school-widè initiativè for Children's Mèntsl Hèalth Weèk. the deparEmenE led the creauon of an awe-knsplring Bee Hive in5tallLtion, 5ymbolising uniiyt resilience, ènd the value each individual brings to our community. Every pupil and staff member contributed a uniquely coloured bee, crafted. and assèmblèd by the department using our state-of_the-art facilitie5 in the new Science and Technol¢kry building. Hot on the heels of th15 succes5, the deparitneni played a reniral role in Offer Holders Dayi producin8 a 5turiiiiFI8 1.5ITI Iii811 puzzle vf the ChoOl crc5t. Eich ol the 200 pieces, deeorated by eurrent Year 6 pupils alongsido oxtornal ollor holdors, cglobr2t•d individuality while fitcing beautifully into a shared whole- much to the deligh¢ of both children and parents. Throu8hout th• y•2r. our investment in STEM kits h2S P3id dividends. is seen in the @nthugixgtie problèm-solving and teamwork ol Year 6 and Year Ll pupils. Vur pupi15 compassion and craftsmanship also shone through In our charitable parinership with Cherry Trees, where four Year 10 students joined forces with the department to design and manufacture bespnke wnndgn frAmpi It) k>p. df)nAtp.d tc) thp. rh2rity. At the end of term. anticipation was building for the Yeir 6 F l in Schools project finale, where our Sport5 Hall was transformed into a mini-silversione lor an exciting 25-metre race event. These diverse achievements capture the ambition. imagination, and co15aborative ethos that define ovr Design and Technolo2y departmenc and its contribution to the wider school community. 12
EFFINGHAM SCHOOLS TRUST GOVERNORS, REPORT (CONTINUED} YEAR ENDED 31 AUGUST 2025 MANOR HOUSE SCHOOL Review of achievement5 and performance for the year Toble l.. YI I GCSE Results 2019-2025 2025 2024 2023 9Y. 28Y. 51% 72% 87V. 960/. 99% 2022 2021 2020 2019 21% 35% 54% 19°A 35% 59Y. 13% 33% 52% 78% 93% 99% loo% 24Y. 48Yo 65Y. 85% 96Y. loo% iooy. 21% 42% 65% 16% 38Yo 56% 76% 90% 98% loo% 79OA 86% 73% 96¥. 99¥. loo% 96% iooy. loo% 88% 97% loo% Year I I pupils xehièvéd >n excellent set of results overall. 54% of results were 7 or above. There were positive value-added outcomes in all subjects, With particular strength in languages, music and ArtlDr2ma. Pupils with SEND also performed well: Wave I value added was 0.62, Wave 2 was 0.76, and Wave 3 was 2.8. These niitcnmg% Shnw thit rhp grhnol 3Ads valiio for piipils ol all abilitieg and acrosg varying levéls of SEN nè@d. Mtjré able pupilg p¥1 Ivi IiiEJ SLiuTi¥ly. 80% vl GilLvd & Tdl¥iiLEd IG&TI yuyil¥ li¢trJ PVSi¢iVE resirjuals, acliieving aYera8e 0.91 grade points above predictions. The 2025 G&T cohort achieved l OOY¢ grades 9-7, with a median grade of 9. Prep School Attainment Summary EYFS luly 2025 Attainment above national and local levels Trend - since 2019 most pupil. haye attaintd t G¥trd Lcv¢l ¢f DevcloPrn¢FIt. showin8 close focus on individual developtnent and Interventions are swiftly put In place If we think there Is need. End of KÈY Stage Two july 2025 Attainment in Readinglwritinglmaths combined was above national levels (Teacher Assessment and Externxl Assessments) Trend Analysis of trends show that Since 2019 Manor House Attainment 15 con5iscently at>ove nacional average rcsults. Extra-curricular activities As part of th9 Effinghxm Schools Trust, w• •njoy*d coll2bor2ting with colleigu•s from thé othgr two schools. W¢ benefiiied frotn Ihe use of addiElonal faciliiies and shared expertise. Our Science Department continues to inspire innovition through the TeenTech Award5, where we achieved Gold, Silver, and Bronze. The Bronze team reached the national finals In the Future ol Transport category and we are proud to be rocovis 2 Silvgr TeonT@ch Cgntre of Innov2tion once again. And in the Astronomy ChxllgngÈ, piipilg achieved thr@@ Year 9 and l O pupi15 earned an incredible eighty-one medals in to1. RefieIg on fuEure skllls, Ehe Math Deparrrneni In5111 confldence In dlgltal rnasiery and cotnfort wlih data handling on a d%ily h2.ii8. Oijr piJpil% excelled in the Mxths ch211enge compotitlOA& And this year we saw our highest number of entrie5 at Furcher Maths GCSE. 13
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT (CONTINUED) YEAR ENDED 31 AUGUST 2025 The English Department has nurtured confident speakers and writers this yÈar. The intermediats debate team triumphed in boih the EST Trust and Roury competitions, and our writers swept the Rotary Clvb's Young Writer award5, securing fir5L 5eEond, and Ihird place5.1n lune. we recelved a letr from Oxford Universiry informing us that one of our pupi15 had a received a cornmendation in the Anthea 8ell Trnnslation competition. With ovèr 2?000 p.nrrips. rhiE 1% triily a remarkable award for our Deputy Head Girl. It W2% Algn 2 vihrAnt yp.2r fnr r.rg2rivg Arts The team once again took eéntre s¢a8e with rem2rkxbl• schtstrl produttions dazzlins audiences with a sptc¢acular pei"loi"i)iaiiie ul Guys Dvlls, dlvii¥sidE d fi1118e ol oiher performance thar showcased talent. dedication, and love for theatre. And the festive season was beautifully rnarked by our Christmas Carol Concert at St Martin'5 Church in Dorking. Our commitment to well_being deepened signifitantly over the yeAr_ Pupil_led w?Il_FJp.ing day< wpr¥& nrn1<pA )nA it was particularly rewarding to see this work recognised at a national level and we proudly received the Gold Award for Pupil ellbeing from the School Impact Awards-an affirmation of our efforc5 to place emotional health and resilience at the heart of everything we do. Sportin% life 15 a key element to our school. Once again, the PE Department delivered a full and varied pro2ramrne of clubs and fixtures, with both team and individual athletes achieving excellent results and representing the Sehool with pride. Thi5 year's athletics results were outstanding with rnultiple Distrirt medals and record-breaking performance5. A Yeir 10 pupil, who not only broke lon8-Standing records but went on tts win gold at Enslish School. becoming the iurreni U17 world number one In Ihe 300m and UK number One In the U171ndoor l Oom. Adventure and challenge has also featured heavily in our co-curri£ular £31endar. Pupils in Years 9 and l O brivcd chilly nights and testing conditions on Iheir Duke ol Edinburgh expeditions, demonstrating resilience, deterrnination, and C2m%rAdp.rip.. Oijr f.tsmhinpd c.adpr Fnrrp Irr.Fl also continiiès to thrivg. with 1 8rowin8 nurnber ol pupils pxrticipaeing each week. We iiow liave Llie fii.si L&iii¥ Cvi PT)Idl iii Yvdr 10. WEII done Lexie Hayman. A major milestone for our community acr055 the trust was the launch of the EST Sixth Fomi. offering our pupils a new lid ¥XLiIIII¥ PdLIIwdy VVSL-16. Colltiboration &cr055 Ihe Tru5[ inclu¢Sed shared events Ilke fllm nlghrs. Collabor8, swimtning gala5 and curriculum enrichment bringing pupils together for fun, fellowship and learning. While chere 15 much to celebrats, we also acknowledge the challenges we have faced particularly the financial pres5ure5 Arising frnm th($. intrrjdilrtin nf VAT nn grhonl feps
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT (CONTINUED) YEAR ENDED 31 AUGUST 2025 Effingham Schools, Facilities Development Thp p.xiEring £i)fth Fnrm 2t gt Tprp%g's. WAS trAn5formed. with a CO•@daJc2tion21 colle8e type campus, with work.s complotod by the end of Ihe year. The new co-ed Effingharn Sixth Form opened in September 2025, and offer5 high quality education to boys and girls, £aiering for up to 200 students.
EFFINGHAM SCHOOLS TRUST
GOVERNORS. REPORT {CONTINUED)
YEAR ENDED 31 AUGUST 2025
Principal Risks and Uncertainties
The Governors #re responsible for the overseeing of th• rSkS fac•d by tha Tru$¢ although d•tailad eonsideration of risk i
delegated to the Finance and General Purposes Committee who oversee the Trust R1sk Register termly and annually it Che
AGM. Risks are Identified. as5e55ed and con¢rols established throughout the year.
The most 51gnifi¢ant risks to the charity are a Substantial fall ln pupil numbers, safeguarding. and compliance Issues together
with specific lire, pedestrian and traffic Safety risks. These risks are mitigated by a wide-r2nging set of control measures.
Although we identify 2 fall in pupil numbers as a significant risk we a150 recognise that the Trust has grown significantly over
the past few yEdf5 15 well placed 10 wiih5tand a decllne In pupll numbers.
The Governors recognise that sites at St Tere5a'5, Cranmore and Manor House, 55, 25 and 17 acres respectively, have
generic and Specific health and safety issues. Particular aiEention is afforded ro Ihe Independent School Inspection compliance
insportion critpria with sppeifie poliei@g in plxte for compliince stind2rdg dealin8 Wlth electrical safety, tree surveys, wat*r
quality control and fire risks within a planned programme of works according to risk probabiliiy. fundinE and time Scale.
The site-specific Health and Safety Committee5 51t termly to review health, safety and security. In the opinion of the
GovÈrntsrs tho Sthool% hAvÉs è%t%hli%h>d xygrp.ms Cjf inrg.rnAI rnntrnlE whirh ghniild 311ow 311 risks to be managed to 2n
acceptable level In ic5 day to day operation5. It Is recognised that systrms can only provide reasonable but not absolute
&S&urnncc that major riak- hav¢ becn adcqua¢cly managed.
In addiuon, Ihe Governors are aware of Ihe r15k5 IhaE are common 10 Ihe Independen£ educai1on seccor. including the
introduction of VAT on school feés, the abolition cf bucinees rJtee r¢lief and thc rcmoval of the charitable status turrtntly
granted to independent schoo15. They continue to develop contingency plans to MItits the impact ol these changes.
Thp Cinvgrnnrq fnrm2lly rpvipw ri
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT (CONTINUED) YEAR ENDED 31 AUGUST 2025 FINANCIAL REVIEW Results The f1nancial year ending 31 August 2025 presenced significant challenges, driven by several policy changes.. the introduction of VAT. followed by th• r•mov21 of busin•ss r2t4s rolief and in incroase in Employers. National Insuranco Contributions from April 2U25. L)espice che5e challenges, we have worked closely with families to navigate the irnplementation of VAT of Schools fees, while ensuring that we conrinue ro provide the outstanding standd of education and learning environment that ha5 been recognised in all three schools. most recenc ISI inspections. The financial result for the year is shown on page 24, net income was £630k before dePlatIon of £1.191 k Re5erYes Policy At the year end, the Trust had total reserves at the end of the year arnounting to £1 S.¥ million12024'. £16.5 million}, which were all unstrICted in narure. The re5erve5 are largely represented by land and buildings, which have been finanted by the Trust'g accurnulated surpluse¥ and supplemented by bank borrowings. Workin8 c2pitsI ind cash flows ira monitorgd clos•ly In the ibsence of free reserves. The Governors, policy is to eonts.nue buildin% up re5erve5 Out ol operating surpluses and maintain Jufficien¢ unr¢J¢ric¢ed re3er¥es to enable it to meet its Shorc-term obli8ation5. Pay of Key Management Personnel The Governors, Senior Leadership Team {SLT) Remuneryation Cotnmittee meets annually to review SLT salaries to ensure appropriats pay against objettives and performance. FUTURE PLANS Future Direction The Trust's educational philosophy remains unchanged. We will conty.nue to offer a diamond model, with co-education in the Early Year5 and Sixth Forrn. and single Sex teaching in the upper prep and senior years. In response ro Ehe current financial and poliiical cllmare. from SepMber 2026, all senior gir15 will be educated on the St Teresa's site. The Manor House site will become a dedicated environment for lower prep boys and girls, and upper prep girls. providing an exceptional setting t2ilored to pupils at this stage ol their education. Additionally, a Trust nursery will be rc-establishcd on thc Cranmorc sitc. offerin8 superb Early Year" cducation lor boys and girls in the local area.
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT (CONTINUED) YEAR ENDED 31 AUGUST 2025 STATEMENT OF GOVERNORS, RESPONSIBILITIES The Governors (who are also directors of the Effingham Schools Trust lor the purposes of cornpany lawl are responsible for preparing the Governors ' Reporc and the financial statement5 in accordance with applicable law and United Kingdom Accounting StAnd2rd¢ Illnirgd Kingdom GÉnèrally Accepted Accounting Practicol. Company law requires the Govemors to prepare financial Statements for each financial year which give a true and fair view of the state ol affairs of the charitable company and of the incoming resources and application of resources. including the IIILuiiie ¢tiid expendiwre. of Ihe chirliable company for that period. In preparing these financial statement5, the (iovernors are rÈquired to.. select suitable accounting policies and then apply them consiswdy; obscrvc the mcthoda and principlcs in the Charitie3 SORP, make judgments and estimatss that are reason3ble and prudenL prepare the financial statements on the going concern ba515 unless It 15 inappropriate to presume that the company will continue in busintS5. The Governors are responsible lor keeping proper accounting records that disc105e with reasonable accuracy at any time of the financial position of the charitable company and enable thern to ensure that the f1nancial staLement5 comply with the Companies Act 2006. They Are also ro8ptsn%ihlp. frtr sxlgeii2rdin8 rhe >sspts of the th3rit261g comp2ny and hence lor tak.ing reasonable sieps for Ihe preventlon and detection of fraud and other Irregularitses. So far a5 each of the Governors is aware at the time the report Is approved.. Ihere15 no relevani audlr Informailon ol whlch the company's auditors are unaware,. and the Governors have talccn all stCP5 that thcy ou8ht to have taken to make themselve3 a¥vare of any relevant Ludii inforrnacion and to establish that the auditors are awire of that inform2tion. The Governors, R•port, which incoTror3t•s tho Stratagc Repor< wts approved by thc Govcrnors on l O March 2026. MrsA (Chair of Governors) 18
EFFINGHAM SCHOOLS TRUST GOVERNORS. REPORT (CONTINUED) YEAR ENDED 31 AUGUST 2025 The Governors present the financial stamentS for the year ended 31 August 2025. These have been prepared under the prowsion ol the Charities SORP 2015 and cotnply wich all statutory requirements and the charity'5 governing docurnent. REFERENCE AND ADMINISTRATIVE INFORMATION GOVERNOR5 Mi s A TUT iivT Clidll Mr A Agiu5 Ms S Hall Mrs S Hayes Mr5 A Higg5 lappointed l October 20241 Mr D Honey Mrs M Kieran Mr l Morgan (retired 24 lune 20251 Mi l Rvui k¥ IieLii¢d 2 DtLeiiiber 20251 Mrs G Sims-Brasse£t Mr P Thompson Mi"s S VOalkeT Mrg M Wilkingon (rètiréd 24 lune 2025) Mr D William5 (appointed 24 lune 2025) Mrs L Young (appointed I S¢ptcmber 2025) CLERK TO THE fjQVERNQRS Mrs C Minikin REGISTERED OFFICE Effingham Schools Trust Ettingham Hill Doi-kin8 ijrrpy RH4 AÉT BANKERS Lloyds Bank Coiinauglit House AlexandraTerrace Guildford GUI 3DA SOLICITORS Mooi-e Bai-low Thé Oriel Sydenham Road Guildford Surre¥ GU13SR AUDITORS Hay5Mac LLP l O Queen Streec Place London EC4R IAG
EFFINGHAM SCHOOLS TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE yAR ENDED 31 AUGUST 2025 Unrestricted Unrestricted Funds Funds Total Total 2025 2024 Notè INCOME FROM Charitable activities Tuition lees Othg.r gAiJrarinnxl inrnme Trading activities Trading income Lettings Investment: Bank interest Divid¥iids Donations General 23.747,678 1,406,099 23,961,377 1,409,346 150.786 50,049 181.984 8,417 84,654 17,601 29,961 16,213 702 1,659 Total income 25,457,569 24,608,957 EXPENDITURE ON Expenditure on Charitable Activity Trust operating cost: Teaching c0s¢5 Welfare Premises Support C05C5 and sovernance Raising funds Trading cxpcnditurc Finance c05ts 13.760,917 2,765,723 5,308.695 3,901,234 14,101,333 2,703,452 5.363.382 3,705,373 27,923 296,488 31,712 343,689 Total expenditure 26,060,980 26,248,941 Net expenditure 1603.4111 1639.984) Gains on investments 42,838 67.885 Ti aiiylvi luiid) Net movement in funds (560.573} 1572,099) Balance brought fopNard at I September 2024 16,459.453 17,031,552 BaldifiLe i¢lfTied furnard at 31 August 2025 14,898,880 16.459.453 Tho Statement of Fin2ncil Activities cont2ins all thq incomo •xp•ndituro reco8nisod in the current and preteding year. All of the Tru5r'5 activitie5 durin8 the above (wo financial year5 derived from continuing acfiviries. The accompanying noces form part of these financial 5taternent5. 23
EFFINGHAM SCHOOLS TRUST CONSOLIDAYED AND CHARITABLE COMPANY BALANCE SHEETS AT 31 AUGUST 2025 Gvoup Trurt 1025 2024 202S 2024 Nrt•J FIXED ASSETS Tan&ble a33ets Investrnents 22.357,258 23,044,456 961,143 19.123.580 19,7449 961,145 22,357.260 24,IXIS,599 19.123.582 20,708.125 CURRENT ASSÉTS Stod( Llebwrs . receivable within one year Cash nd cash equivalents 7.758 6,469.272 2.668,357 1,403 1,242,745 5,519,046 7,7S8 7,331756 1.635.593 1.403 I,Q76,612 3.4S4,831 10 11.145.387 6,763,1 8,976,107 4,532,846 CREDITORS- amounts falling due within one year 112.191,288) (7,365,361) 110.073,069) 15,457,029) NGT CURRFNT LIABILITIES 11.04S.9011 {602.1671 11.096.962) 19?4.183) TOTAL ASSET5 LE55 CVRRENT LIABILITIES 21.311.359 23.403.432 18.026.620 19.783.942 CREDITORS- amount5 falling due after mre.chan one year 12 15,412.4791 {&943,9791 {5.264.574} {6.943.9791 15.89&860 16.45?,453 12.762.046 12,839.963 FUNDS Generél unre5irld fund5 Restricred fund5 15,891880 16,459,453 12.762.046 12,e39,963 15,89Q880 16,459,453 12,762,046 12.839.963 EKinghm Schoc15 Trust ha5 tsken the cxcmption frtsm presentyng its nn$¥lIdated $14¢ement of firbincial activi¢$ under section 408 of rhe Companles Act 2006. The net movernent In fiJnd5 of the charity a5 Shown in note 14 vras £177,917112024.. £1336,118)1. The financial staternenrs were approved and auihor15ed for15sue by the Governors on 10 March 2026 and were 518ned below on their beh by.. Mr5 overnorsl Mrs A Hiw". Rewstered company number.. 04509623 The accotnwylng form part of these fiTrafirial 51a*tnEIiLS. 24
EFFINGHAM SCHOOLS TRUST CONSOLIDATED STATEMENT OF CASH FLOWS YEAR ENDED 31 AUGUST 2025 2015 2024 Reconciliation of net expendlture to net cash flow from operating activities Net movement in funds Gains on investments D•pr•ci2tion {560,5731 142.8381 1,190,916 7,916 184,6541 296,488 {17.601) 16,355) 16,57S,846 1,516,367 2,047,873 (572,0991 167.8851 1,420,678 Loss on dlsposal Bank interest received Bink interest paid Investment income Incrca5c in stock Increase in debtor5 Increase in creditors Increase in parenc deposits and fees in advance {29,961) 343,689 (1,4031 1418,4531 839,677 3,183.313 Net cosh (utsed ITr} I Proded by oPer17ti1?g ac£iwt1¢5 12,228.304 4,681,343 Cash flows from investing attivitie5 Transfer of Investment Investment incom& Bank Iniere51 recelved Purchase of tan8ible fixed assets Purchase of investment 1.036,099 17,601 84,654 16,213 29,961 11,063,356) (28,5731 Net cash used in inve•ting ortivitits 156,0791 11,045.7551 Cish flows from financing activities Rvydylll¥lii> vl bui I vwiTI Bank interest paid 1269,813} 1296.488) 1242,3521 1343.6891 Nei cosh used In finanthnR octivtties 1566,3011 1586.041} (Decrease)Ilncrease In cash 12,850,687) 3,049,547 Cash and cash equivalents at I September 5.519,046 2,469,499 Cash and cash equivalents at 31 August 2,668,359 5,519,046 25
EFFINGHAM SCHOOLS TRUST CONSOLIDATED STATEMENT OF CASH FLOWS YEAR ENDED 31 AUGUST 2025 ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Cash at bank Investments 1,632,260 1036.099 5,519,046 Cash and cash equivalents 2,668,359 5,519,046 ANALYSIS OF CHANGES IN NET DEBT At I Septernber 2024 Caxh flows Ar 31 Aiigiist 2025 Cxgh at li1vesl]e1)ls Loan5 falling due within one year Loans falling due ifter rnore than one year Total 5,519.046 {3,886,7861 1,036,099 {20,708) 290,521 1.632.260 1,036,099 1291,4861 13,535,189) 1270,7781 13,825,710) 1.422.550 {2*JOO,0741 2fj
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 AUGUST 2025 Effingham Schools Trust 15 a chari¢able company incorporated in England and Wales. Further company information can be found on page 19. The Trust 15 a Public Benefit En£iiy rep"srered as a chariry in England and Wales and a company limited by guarintee. It was incorporated on 13 AiJgiJ%t ?00? Irejmpxny niimbpr. 045096231 and r4ist@red as a charity on 18 December 2002 (charity number.. 10951031. ACCOUNTING POLICIES Basis of Accounting The financial statements have been prepared under che historical cost convention and in accordance with applicable accounting standard5 and the Statement of Recommended Practice Accounting and Reporting by Charities {5econd Edition). the Companies Act 2006 and FRS 102 the finaneial repor¢ins Standard applicable in the UK and the Rtpubli of Ireland. I he group financial 5taternenc5 consolidate the financial statements of the company ITrustl and its subsidiaries. S¢Teress Enterprrises Limited, Cranmore School Enterpriges Liniited. and Little 8aok.him Manor Hou8t School. Tl)e Goyei-iioi-s liaye assessed wliecl)er die use ol Lhe goiiig coiicei-ii assuii)PLlUlI Ih dVVlVPI idce iii prepariFTr8 tliebe accounts. Having reviewed che funding facilitie5 available to the Trust together with the expected ongoing demand for places and the Trust's future projected cash flows, the Governors have a reasonable expectation that the Trust has adequate resources to continue it5 activities for the foreseeable future. The Governors have made this sgessment in respect to 2 period of one year from tho date of approval of those accounts. Tho Governors havo concluded thac there are no macerlal uncertalndes relaied EO events or condlilons IhaE may casr 51gnlflrdnE doubE on th@ ability of the chariry to continuè as 2 going concern. Accordingly. they continue to adopt the going concem basi5 in preparing the financial statements. The following accountin8 policics havc bccn appli¢d ConsitentlY in dealing with items which are considercd material in relation to the Trust's financial statements. Fee5 reieiYablE yiwTiilar iriLVITIE Tuition fees are st2ted after dedutting allowance5 for awards and other remissions. Other educitional income comprises incom¢ fr0rn school cutingy, activities and other relatcd incomc. Thcsc s?urccs of Incomc are included in the accounts when the likelihood of the receipt Is probable and their value can be measured with reOnable cortainty. Expondituro Expendirvre is accrued as necessary. Charitable attivity costs comprises all expenditure direetly related to the objects of the Trust including direct staff costs actributsble to each activity. Support Costs included within the charitable actiyity compri4C the Cots of all roeources utilised to diroetly suppor¢ tho Trust's primxry activities. Governance costs are those costs incurred in connection with the governance of rhe charity and its assets and are primarily asSOCiited with tonstitutional and statutory requirements. d) Pension costs The Tru51 CQlltributEd LU Lli¥ T¥dcliei"5' Pe115i9D Clefined Denefits Scheme at rate5 set by the Scheme Attuary and advised to the Board by the Scheme Administrator until 30 April 2021. From l May 2021 "l eaching scatt were enrolled in a defined contribution scheme. All non-teaching staff are members of a defined contribution scheme. where required by pursuant le%islation. which complies with the requirements for a stakeholder pension stheme. Fixed a55ets All iterns of a capital nature with a value of over £ 1,000 ire capitali5ed at cost. Acrributable borrowing COSL5 are also capi¢ali5ed for qualifying assets. Depreciation 15 calculited so as to write off the cost of tangible fixed a55ets on a 5Erai8hi-linE b451) VYEI Lli¥ eAyecced useful tconomic lives of the assets concerned. The prineipal rates vscd are.. 8uilding5 7, 1 O and 50 years Buildins improvemen 10, 20 and 50 y•2rs ant and equipment 3, 5, 10 and 15 year5 Notor vehicles 4 xnd S yè.2rq Asset5 under construction are not depre¢iited until they are complete ind brought into use. Land is not depreciatÈd. 27
EFFINGHAM SCHOOLS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
YEAR ENDED 31 AUGUST 2025
ACCOUNTING POLICIES (conthnued)
Investments
Listed inve5ttnenc5 are a form of basic financial insErument and are initiilly reco8lli5ed it their ¢ransaction value and
subsequently measured At thÈir f2ir vAliJ> x% xr rhg hil?ncp sheet date using the closing quotqd markot prico.
Reali5ed gain5 lor losses) on investment assets are calculated a5 the difference between disposal proceeds and their
opening carrying value or their purchase value where the investment is acquired Subsequent to the first day of Ihe
financial year. Unrealised gain5 and losses are calculated as the difference between the fair value at the year end and
their carrying valiie It that date. Realised And unr•xli54d invgstmont 8iins lor losses) arc combined in thc statement
vl fiiidiiiidl dLUViUES 4iiid are credited (or debiiedl In the year In which rhey arise.
h) Debtors
Trade and other debtors a recoRnised at the setdement amount due after any discounts offered and Any
imp2irm•nL Propayments are Valued at the Jmount prcpaid net of any di4covnt5 due.
The Trust has updated its accouncing policy in respect of tuivon fees billed during the financial year that relate to rhe
following academic year. Previously, where tuition fees lor the Autumn Term were billed at the end of the preceding
financial year. chose fee5 were not included within fee debtors IS they were not yo.t diJÉ¥ fnr pxympnr Thp fèe dpbtor
arc now rcccsni5cd at thc point they are invoiced. with a corresponding defei-i-ed inconie in ci"ediLOI s Ivi dfly
that relate to the following year.
i) Cash at bank and In hand
C2%h is repro%ontèd hy rxh in h2nA 2nd dppn
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 AUGUST 2025 FEES RECEIVABLE 2025 2024 Fees receivable con51St5 Of- Srhnnl 1É5.P% Les5.' Bursarie& gra¢5 and allowances 28,SSO,04 14,802.3701 28,749,66S 14,788,288) 23.747,678 23,961,377 OTHER EDUCATIONAL INCOME 2025 2024 Student transport Equestrian activities Extrns Rewstration ind exam feeg Nuii-rEluriTJable tJep051t5 Other 513.850 124,845 577.506 82,093 7,700 100,105 556.340 135.833 513.721 96,252 l Q2,349 4.851 1.406.099 1.409.346 NET INCOME FROM TRADING SUBSIDIARIES Thè Trust his three wholly owned tnding 8iJhsidi2rip.%. Littl*. BtsrtkhAm M2nnr HrJlJRP. f rhnnl. S¢ Terpsa's Enterprigos Limit@d and Cranmore Intsrprises Limiced. Littlo Bookham Minor Htsuse Sehool's prin¢ipal activity 15 an independent day dchool with a nur5Cry. Thg. prinrip212rtlvitip.% tsf St Tprp.s)'s Enrprprises l_imitpd and Crantnore Enterprises Limited represent the or8inisation and management of commercial activities associaced with Effingham Schools Trust. The commercial accivicie5 con515t ol the rental of school facilities. The taxable profit5 of each of these entities are donated to the Trust under gift aid. A summary of the trading results of each subsidiary Is shown below. Profit and L055 Account- Little Bookham Manor House School 2025 2024 Total income Total expenditure 4,638,439 4,520,222 (5,093,792) (4,765,895) Net oxponditure 1455,3531 {245,6731 Balance Sheet- Little Bookham Manor House School 2025 2024 Fixed assets Curreni L55e15 Current liabilities 3.133.678 1,176,394 12.1 $2.7761 3.297.476 2,171,184 11.589.532) Net cUrnt (liabilities) l asset (64,930) 581,652 Total assets less current liabilitie5 Non-current labilities 3.168.748 1147.9061 3.879,128 1402.9331 Funds- General unrestricted {455.3531 1245.673) 29
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 AUGUST 2025 NET INCOME FROM TRADING SUBSIDIARIES (cvntinued) Profit and Loss Account- St Terea$a'5 Enterprise5 Limited 2025 2024 Turnover AAminiEtrxtivp pYppnAitiJre 110,663 122,9311 129,025 125,3591 Net profit 8ank interest received 87,732 1,495 103,666 794 R•tain•d in subsidiary 89,227 104,460 Balance Sheet- St Teresa's Enterprises Limited 2025 2024 Current assets Current liabiliDes Net current assets 125,636 136.408) 89.228 I JU,613Y 126,228) 104,461 Capital and re3erYes'. Called up share capital Profit and loss account 89,227 89,228 104,460 104,461 StTere5a'5 Enterprises LiMid 15 conirolled by Effingham SchoolsTru51. One of rhe dIreCr5 of the company15 a Governor of the Trust. Transattions with Effingham SchoolsTrust consist of a payment under GiftAid and the intsrcompany balance hieh are disclosed in the atcount8 and the n¢t¢3 to the accounts. Profit and Loss Account- Cranmorè Entè*pvisès Limitèd 2025 2024 Turnover Administratiwe expenditure 40.123 113,3JOI 52.959 RE111 iii subbidiill-y 26,765 38,834 Balance Sheet- Cranmore Enterprises Limited 2025 2024 Curren£ asseis Current liabilitie5 Nec cui-i-eiiL assers 49.298 122.5321 26,766 52.558 113,7231 38,B35 Captal and reserves.. Called up share capital Profit ind loss account 26.765 26,766 38.834 38,835 Cranmore school Enterprises Limited is controlled by Effingham Schools Trust. Both ol the directors of the company are Governor" of the Truet. Trane action? with Effingham School. Trust coneist ol a paymene under Gift Aid and the Intercompany balance which are disclosed in the accounc5 and the notes to the account5. 30
F.FFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 AUGUST 2025 TOTAL EXPENDITURE Total Staff Costs Othev Deprecidtion 2025 Charitable Activity Teaching costs Vvelfare 12,191,960 680.984 1,500,g57 2,525.826 1,530,630 2.084.227 2,656,102 1,375,067 38,327 13.760.917 2.765.722 5,308,696 3,901,234 Premi¢ Support costs 341 Raising funds Finance tosts Triding expenditttre 296.488 27.923 296.488 27,923 16,899.627 7,970,437 1,190.916 26,060,980 Prior year Total Staff Costs Other Depr•ciation 2014 Charitable Activity Teaching cost5 Vvellare 12,447,630 603,646 1,402,446 2,Q86,308 1,616,694 2,099,295 2,578,119 1.618,724 37.009 14.101.333 2.703.452 S,363,382 3,705,373 Prerni5es 1,382,817 341 Support costs Rai54118 fuiid5 Finance e05ts Trading e)<penditure 343,689 31,712 343.689 31,712 16.540,030 8,288,233 1.420,678 26,248,941 2025 2024 Included in expenditure is: Auditor's rernuneration Audit of Ihe financial statements Othgr non-kijdit sp.rvirp.E Iii*i-esL payable Operating leases 49.100 54,840 Ann 343,689 173.494 296,480 220.514
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 AVfjUST 2025 STAFF COSTS 2025 2024 Wages and s212ries Social security costs Other p@ngit)n tosts 13,486,240 1.545,781 1,867,606 13,422,553 1.286.473 1,831,004 16,899,627 16,540,030 Full Time Equivalent Full Time Equivalent 2024 Avg. No 2025 Avg. No 1024 202S The averase number of employees in the year was= Toacher5 Other 168 188 177 160 202 193 319 337 395 Thc number of employce5 whose emoluments exceeded £60,000 were: £60,001 £70,000 £70,001 £80,000 £80,001 £90.000 £90,001 £ I00,ooo £ioo,001 £iio,000 £110,001 £120,000 £130,001 £140,000 £140.001 1150.000 14 Conwibuuons were made Inco a money purchase pension scheme for twenty-eight12024: twenty-three} of the higher paid emplo¥ee5. Total contributions were £318,71412024.. £283.2811. Neither the Gnvernors nor po.rsons connertpd to them rp.cpived any remuneration (2023.. none). Personil expenses incurred by the Governor5 during the year totalled £3.282 {2024.. £2.270}. Key Iiiaiid&ei)I¥T)L yei s0111)el coiiiyi ises Llie Scliool Heads aiid LlieTI USL LeaJeT sliip Leai)i. Kvr i)iai)ageiiieiic persoiinel received remuneration of £922.10512024.. £1.017.7011. Srdlf IllEITibErs reieived itll t¥lillilil&UUli beiiefii dur iiii LIIE yedi ul £g0,00012024. £iiil). 32
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 AUGUST 2025 7. TANGIBLE FIXED ASSETS- GROUP Land and Building4 Building Plant and F411ipment Motor Vohicles Total mentj COST AL I SvpLviiibEI 26.891.230 4,169,852 2,929,344 216,258 34.206.684 2024 Additioris Disposals VAT recoverable 579,687 66.398 498,904 110,7941 17.326 136,7591 1,162,315 147,5531 1650,6e I I (603.427) {47,2541 At 31 August 2025 26,867,490 4,188.996 3.417.454 196,825 34.670.765 DEPRECIATION At I Scptcmber 2024 Charge lor the year Depreciation on dispos315 6.166,889 2,800,847 1,991,408 203,084 11,162,228 749.518 186,668 247,297 12.8781 7.433 136,7591 1.190,916 139,6371 At 31 Avgusc 2025 6.916,407 2,987.515 1235.827 173.758 12.313.507 NET BOOK VALUE AL 31 August 2025 19.951.083 1,201,481 1,181,627 23,067 22,357,258 Ac 31 August 2024 20.730,099 1,369,005 932,178 13,174 23,044,456 Following VAT registration during, an adjustment has been re¢o%nised for VAT recoverable under Capital Good Stheme. 33
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 AUGUST 2025 TANGIBLE FIXED ASSETS- TRUST Land and Buildings Building Improve. m•nts Plant and Equipment Motor Vehicles Total COST At I September 2024 Additions D1sFSaI$ VAT recoverable 22,182,669 4,169,852 2.153.9 71,056 28,577,426 556,850 66.398 448.578 110,7941 17,326 1,089,152 110,7941 1650,6811 1603.4271 147.2541 At 31 August 2025 22.136,092 4,188,996 2.591.633 88,382 29,005,103 DEPRECIATION At I September 2024 Charge lor the year Depreciation on disposals 4,591.873 2,800.847 1.379,844 57.882 8,830,446 661,185 186,668 198,669 {2,8781 7,433 1,053.955 12,8781 At 31 August 2025 5,253,058 2,987.515 1,575,635 65,315 9,881,523 NET BOOK VALUE At 31 Ausu5t 2025 16,003,034 1,201,401 1,015,9?o 23,067 19,123,500 At 31 August 2024 17,590,796 1,369,005 774,005 13,174 19,746,980 Fts11vwiiig VAT I'egisir'aiitsi) dui ii)g Uie year., an adlusLI)ieni has been recognlsed loi. VAT recoverable under Capital Good Scherne. INVESTMENTS Trust 2025 2024 Unlisted Investments This rèprésents the tharity'$ invoÉtmènts in wholly ownod subsidi*ri•$. St T•r•$a's Ent•rpris95 knmited and Cranmoro School Enrerprisès Limitèd. Group andTrust 2025 2024 Listed investments At I September Additions Unrealised gains on investments 961,143 32,118 42.838 864,685 28,573 67,885 At 31 Au8USt 1,036,099 961,143 In th• prior period. the Group hold i listed investment elaggified as a fixed asspt r)iJring the ypar. m2nJg>mpnt commlEied 10 a plan 10 di5P05e of Ihe inve51tlleni. and accordingly the a55et wa5 fEilas5ified ctj LurrEIii dsheL5. TII investment was subsequently sold in October 2025. 34
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 AUGUST 2025 DEBTQRS Group Trust 2025 2024 2025 2024 RÉ_r.ivxhl*. within one year: Fees and extrns Other debtors and prepayments Due from 3ub31diary undertakins Taxation and social security 7.134,325 684.266 767,639 475.106 6,012,041 57A.4?4 608.352 744156 124,104 65Q,681 650,681 8,469.272 1.242,745 7,332,756 1,076.612 Following VAT registration during the year, the Trust became eligible to reclaim input VAT on historic capital projerts under the Capital Goods Scheme. The total amount5 reclaimable are disclosed in note 7. and £539,450 of the balance is receivable afier more than one year12024.. £nill. 10. CASH AND CASH EQUIVALENTS Group Trust 202S 2024 2025 2024 Cash and bank balances 5Eed Inve5unenE 1,632.260 1,036,099 5,519.046 599,496 1,036,099 3,454,831 2,668,359 5.519,046 1,635,595 3,454,381 As detailed In note 8, the listsd Investment reclassified from fixed assets to current assets during the year. The investment w3$ 501d ift October 2025. CREDITORS: amount3 fallin8 du¢ within one y¢ar Group Trust 2025 2024 2025 2024 Bank loan Taxation and social security Trade creditors Ochgr ¢rgditors and 3¢¢ruals Parenrs. deposlcs and fees In advance 291,486 1,415,601 855,496 950,274 8.678,431 270.778 529,163 587,728 588.113 5,389,579 291.486 1,172.145 846,889 6,435,935 1,326,714 270,778 472,041 397,027 536,171 3.781,012 11191,288 7,365,361 10.073.069 J,457.029 12. CREDITORS: amounts falling due after more than yÈar Group Trust 2025 2024 2025 2024 Bink loan P3rents' deposits and fees in advance 3.535,189 1,877,290 3,825,710 3,118.269 3.535.189 1.729.385 3,825,710 3.118.269 5.412.479 6.943.979 5.264.574 6.943.979 35
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED J I AUGUST 2025 12. CREDITORS: amounts falling due after more than one year (continued) 2025 2024 Long to.rm IoAn r)hligxrinn% xrg rgpayablp as follows.. Between two and five yea1"5 In live years or more 1,358.652 2.176.537 1.264,599 Due after more than one year (see above) 3.535.189 3,825,710 Due witliiii viie year15ee noie I I I 291,486 270,778 Loan balance as at 31 August 3.826.675 4,096,488 In April 2018. the Trust entered a loan agreement for £1.6m with an interest rate payable of Bank of England Base Rate plus a rate 2.05% per annum. The loan is repayable over 180 consecutive monthly instalments, the final payment bein8 due in May 2033, and is secured by way of a first legal charge on the Trust's freehold land and buildings. In Sepcember 2018, the Trust entered Info a loan agreement for £ l.om with an Interest rate payable 013.875% per annum. The loan is repayable in 180 eonsecutive monthly instalments in respect of principal only. commèncing I month aftsr the da the loan was borrowed. In Au8U5t 2023, the Trust entcrcd a loan agreement for L2.5m wi¢h an iD¢eresc l.ace yayabl¥ vl Bdiik vl Eii¥larid Base Race plu5 a rate 2.3570 per annum. I he loan is rep3y2ble over 168 consecutive monthly instalments, commencing in September 2023, with the final payment being due in August 2037. and is secured by way of a first legal charge on the Trust's freehold The TruJt a150 has a £0.5m secured overdraft facili¢y with Lloyd5 Bafik 13. FEES IN ADVANCE SCHEME Parents may enter into a contract to pay the Trust in advance for fixed contributions towards the tuitign lees for up ro five year5. The money may be returned subject to specific conditions on che receipt ol notice. Assuming pupils will remain with the Trust, fees in advance will be applied as follows.. 2025 2024 BJlJllc• Jg Jt I S4pt•mbor New contracts Amniinr# Iispd to pay fep5 Ainounts I"eluiided 4,306.757 873,925 3,984,952 1530,3331 121,787) 11,562,367) (68,5671 Balance ts at 31 August 2,675.823 4,306,757 36
F_FFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED J I AUGUST 2025 14. PENSION COMMITMENTS Teachin% stalf Following consultation with teaching staff. the Trust left the Teachers. Pension scheme and set vp a defined contribiition gehome with Roy31 London on I, Mly 2021. The pension charge for the year include5 contributions payablÈ to the Royal London SehÈme of £1,215,807 12024.. Royal London £1,194,965). The trust 21s0 offérs J defined contributyon CheMe with The Ayiya Pcnsion Trust for Independent Sch¢13. This sthemÉ is x definèd c.nntrihiJtinn grnijp pprsonal pension plan for teher5 in independent schoolg. The school joined this scheme following its witlidrawal from TPS on 31 August 2020. The basic contribucions are 6% for the employee and 9% for the employer. The employee can pay additional voluntary contribiJtion.q ijp tr) l (K)% rjl sxlxry Thc cmploycr'o contributions are Charged in the Statcment of Financial Activitie5 in ¢ht pei-iod iii wliicli salai iv5 LU which they relate are due. The employer's contributions In the year amounted to L146,13012024'. £148,574) and at year-end there was £22,328 (2024: £23,327) accrued in re5pec¢ of contributions to this scheme. Nnn-t*.Arhin8 4taff The Trust offer5 defined contribution group personal pension plans through the following three schemes.. Royal London The Trust's con£rlbUonS co Ihe pension schemes of non-teaching staff in the year were £500,32612024= £436,920}, Psenting a contribution rats ol between l 0% and 16.4%. The People's Pension The People's Pension 15 a multi-employer defined contribution occupational pension scheme that has master trust t>tiis All pligiblp siipport gtaH rxn join this sthÈmg. Bi4ic contributions are 6Y. for the employAQ ind 9% lor the IiipluyEr. TIIE EITiplvyer's CDlltribuiiE)11s are Eharged in the Staiemeni of Financlal AcE1vlEle5 In Ehe perlod In whlch salaries to which they relats are due. The ernployer's contributions in the year 2mountÈd ta £47.72112024. £45,672) and at year-end there was £6.16412024.. £7,014) accrued in respert of contributions to th(s scheme. The Nationil Employment Savingg Trust The National Employment Savings Trust INESTI provides the Sehool'$ Support staff with an alternative to The People's Pension. NEST is a workplace pension schetne Set up by the government specifically lor auco enrolmenL The scheme is currently free for employers to use. Contributions rose from l % by the employee and l % by the employer to 3% Irom the employee and 2% from the employer from 6 April 2018. Th¢ employ¢r'3 contributions in the year amounted to £3.19112024.' £2.9461 and at year-end £SIU12V24= £52UI accrued in respect of contribution5 to the scheme. ljndpr Jiitt) pnrnlmp.nr rg8iilarirJnE xll pligihlp gmploypps miist bo pnrnlleA in a qiialilying pension sehèmè. Th@ Trust iiieeLS Lhis obligaLiuii aiid dll vlixible jvb livldeis LVIILiTIUe LV be eiiivll¢iJ WiLli ili¥ T¥dLlIErs' Pe1151UII 5cIIEITie or one of the Group Personal Pension PSans. 37
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 AUGUST 2025 15. CHARITY'S ACTIVITIES The Statement of Financial Activitie5 included with the accounts consolid3tos tho 2e.tivirip.% nf rhg p2rpnt rharity. Effingham Schools Trust ind of ikne wholly owncd 5ubsidiarics, Littlc Bookh&m Manor Hou3e School, St Teresa'5 Enterprises knmited and Cranmore School Encerprises Limited. A Summary of che rèsulc ol the parent charity is given below. 2025 2024 Trust Incomo Total Expendliure 20,565,835 21,039,560 120,686,59UI 121,443,563) Net Expenditure 1120.7551 {404,0031 Gain on investment a55Cts 42.830 67,885 177,9171 1336.1181 16. OPERATING LEASE COMMITMENTS Motor vehicles 2025 2024 Amounts du•: Vviihln one year Beeen l and 5 years 210,730 567,050 136,621 290,047 777.780 426,674 Photocopiers 2025 2024 Within one year Between l and 5 years 60.242 62,533 122.775 122,775 193,896 17. CAPITAL COMMITMENTS The Trust had capital commitments of £129.52512024.. £74.2581 at the balance sheet date. 38
EFFINGHAM SCHOOLS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 AUGUST 2025 18. SUMMARY OF MOVEMENTS ON FUNDS At I Sp.ptè.mh•. At 3 I Au8u4t Inrnm¥. Eyppnrtitiire Cirts and TrAnsfor Between 2024 L055es Funds 2025 General funds Kestricted fund$ 16,459,453 25.213.263 125,816,674) 42.838 15,898,880 Totsl funds 16,459,453 25,213.263 12S,816,674) 42,838 15,898,890 PRIOR YEAR At I September A¢ 31 August Income Expendlture Galns and Transfer Betweeii Funds L055e5 1gngrAI fiind ¢s¢i-ic¢¢d fund5 17.011.5.42 25.£OA.9.57 1?A.?48.941) A7.AAS l A.459.451 Total funds 17.031,552 25.608,957 126,248.941) 67,885 16,459,453 Funds During the year ended 31 August 2025. there were no movements In Restricted Funds12024- £nill. 19. RELATED PARTIES Tho Fri•nds of S¢ Torosa's IFOSTI is op•ratod indopendontly of the School by p2rants of pist 2nd present St Tèresa's School pupils. FOST carry our lund-raisirng activiries ro assisr the School with various projects for the benefit of pupils. FOST donated £16.363 in 2024125 and hag pledged to give further donations in 202512612023124.. £15,591). Cranmore Parents Association (CPA) (Registered Charity No.10972961 is a charity set up and operatsd independently ol the Sehool by parents of payt and present Cranmtsre Sehool pupil$. CPA e&rry out fund-raising activities to assist the School with various projects for the benefit of the pupi15. Yrevious donations have included donations towards fumiture12023124.. £2.4171 and sound equipment for che iuditorium12022123.. £25,000). The CPA are currenily bulldlng up reserves for luiure further donailons. Tlie fi-itiid5 of Manor Houst Srliool IfoMHSI IR¢siscei-ed Charirx No. 1129072) is a rharity Set up and opei-ated independently of che School by parents of past and presenc Manor House School pupils. FOMHS carry oui fund- raiJing activities to a$*1"t the School with Yariou" projects lor thc bcncfit of pupils. FOMHS donatcd £62,394 in 2024125 and ha5 pledged to give further donations in 202512612023124- £1,159). 39
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF EFFINGHAM SCHOOLS TRUST Opinion Vve have audited the financial statements of Effingham Schoo15 Trust for the yeir ended 31 August 2025 which comprise the Lonsolidated 3"tatement ol Financial Activities. Consolidated and Charity Balance Sheets. Consolidated Cash flow Statemen4 and not¢J to the financial statsrnent5, including a SU171iiiai-y uf si¥iiifiL&TIL aLLountln8 policie5. The financlal reporting framework that has been applied in their preparation is ipplicable law and unLd Kingdom Accouncing Standards, Includlng Financial Reporting Standard 102 The Financial RePortinE Stondard o>plJcoble in the UK and Republic oflrelond (United Kingdom Generally Accepted Accountin8 Pra<tieel. In our opinion. the financial 5tatement5'. give i true 2nd fair view of thc ?tatc of thc group s and ol thc parcnt charitable company s affairs aj at 31 August 2025 and of the group's and parent charitable company's net movemenc in funds, including the income and expenditure, for the year Ihen ended, have been properly prepared in accordance with United Kingdom Generally AcCepd Accounting Practice,. and have been prepared in accordance with the requirements of the Companie5 Act 2006. Basis for opinion We condutted our audit in accordance with International Standard5 on Auditin% IUKI IISA5 IUKII and applicable law. Our re3ponJibilitie3 under those standards are further dt5cI-ibed iii che AudiLOI-'S i ¥spuiisibiliLieh Ivr Llie au(Jic vf tliE financial stst?mpnr% 8è.rtinn t)f t)iTr rppnrr Wp yro indpppndent of th<5 group in xctord2nce with the ethic31 requirom•nts th2t 2ro relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our othcr cthicdl rcsponsibilityes in accordance with these requirernentJ. We believe that the audit evidence wt have obtained is sufficient and appropriate 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 the zoinE concern basis of accounting in the preparation of the financial statements is ippropriace. Based on the work we have performed, we have not Ident11ied any material uncertaincie5 relatin% to events or conditions that, individually or coll¢ttiYely. max ca3t 318nifieant doubt on the sroup'3 ability to continue as a going concei-n for a pei-iod of at least twelve months from when thè fin3neiAI stAtÈmentR 2ro 211rhnri%p.d fnr i<8iJ Our responsibilities 2nd the responsibilities of thc trustce" with respcrt to ggins concern are described in the relevant seccion5 of chis reporL Other information I he trustees are responsible lor the other inlormatyon. The other information comprises the inlorrnation included in the Dirertor5 and Ti-U5Ltts' Repoi-c. Oui- opiiiioii 011 Llie fiiiaiiLidl JLdLVIII¥IILS dveb IIUL LLTr¥er (lie other inlortnaiion and, excepE to the extent otherwise explicitly stated in our repor¢ we do not express any form of a5sur3n£e conclusion thÈreon. In connec¢ion with our audit of the financial statements, our i-espon5ibilirr 15 LQ read clie o¢hei- ii)foi-ii)acioii aiid, iii dviiix su, consider who.ther rhg orh?r infcJrm2rirJn it matpri2lly inrnnEiErpnr with thp fin2nri21 Ét3tpmpntg or oiir knowled8A obtained in the audit or otherwise appears to be materlally misstaied. If we identify such material inconsistsncies or apparent material miaStaterncnt5, wc arc rcquircd to determine whether there 13 t material rni53tatement in the financial 3tatem¢nu or a material misstatement ol the other information. If. based on the work we have performed. wo conclijdo. thAt rhp.rp. ifi maierial tlli55taietneni of Ihls Qiher Informailon, we are requ1red £0 report Ihai facc. We have noihlng ro reptsrc in rhis regard. 20
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF EFFINGHAM SCHOOLS TRUST Opinion5 ori other matters prescrlbed by the Companie5 Act 2000 In our opinion. based on the work undertaken in the covrse of the audit.. the infomiation givèn in the Govornort, R•port {which intludes thc strategic rcport and the direttors, report prepai.ed loi the purposes of company lawl for the financial year for which the financial 5tatemenc5 are prepared is consistent with the financial Jtatements,. and dpqii2tp 3¢eoiinting récord5 have not b•gn k•pt by the parent charitable ctsmpany.. gr the parent chariiable coMPaY financial statements are r*ot in agreement with the accounting records and returns., or r>.rr2in aigrlnfiirpg of trustées, remuneration sp&cifiqd by law are not mide.. or we have noc received all che Information ind explanations we require for our audiL Responsibilities of tru$tee5 for the financial statements As explalned more fully in the trustees. responsibilities Statsment set ouc on page 18 the Governors Iwho are also the dirqctors of tho charitablè company for th¢ PUrpot of cornpany lawl are respon3ible for the prepai-atioii gf (lie fiiidllLi&I st2mentS and for being satisfied that they give a true and fair view, and for such internal control a5 the trusEees detemiine is necessary to enable the preparation of financial statements Ehit are free from material miss¢a¢emen( whether due to fraud or •rror. In preparing the financial statements, che trustees are responsible for assessing the group's and the parent charitable company s ability to continue 3$ a 80ing concthrn, discloKing, 2ppIic3ble. mattèrs related to going concern and using the going concern basis of accountinA unless the trustees either intend to liquidate the group or the pant charitable company or to ccase operations, or ha¥e no realistic alfrrnauve but co do so. Audltor's responslbllltles for the audit of the financial statements Our objectives are to obtain reasonable assurance about whcther the financial statements as a whole are free from material mis5tatsment, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable aS>Ul dllLe IJ d lii¥li l¢vvl vf dSbUlitllLe, but 15 a guaran12e Ehai an audir conducied In accordance wlTh ISAS IUKI will always detert g mit•rixl misKtat•rnont whon it QX15ts. Misstltements can ari" from fraud or error and are etsnJidcred material if, individually or in the aggregite. they could reasonably be expected to influence the economic decisions of users taken on the basi5 of these financial stAtements. Irregularityes, Including fraud, are Instances of non-compliance with laws and regulations. Vve design procedures in line with our responsibilities, outlined abovc. to dctcct material misstatement5 in respect of irregularitie3. includiTI8 fraud. The extent to which our procedures are capable of detecting irwularitiÈs. including fraud 15 detailed below.. Bascd on our undcrstanding of the group and the enMronmen¢ in which it operatcs, we identified that the principal risks of non-compliance with laws and regulacion5 related to the independent school regulations, safeguarding regulatyons, health and safety requiretnent5, GDPR, employment law and charity law and we considered the extent to which non-compliance might have a mlterial affect on the finaneial staternents. We JIEO con..'dered those law" and regulation" that havc & direct impact on the preparation of the financial statements such as the Charitie5 Act 201 l and Companies Act 2006 and consider other factors such as payroll tax. Vve evaluated ManeMent'S incentives and opportunits.es lor traudulent minipulition ol the linancial statements (including the risk of override of controls), and determind chat the principal ri5k5 were i-elaced co p05cing iiiappi.opi.1a loui iial entries and management bias in making accounting estimates. Audit pr¢xedures perfornied by the engagement te Included.. 21
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF EFFINGHAM SCHOOLS TRUST
Inspectin8 correspondence with regulators and tax aurhoriries;
Discussions with management including consideration of known or suspected instances ol non-compliance with
laws and regulation and frnud:
Evaluacii)g iiiaiiageiiiEIiL's LVIILI vls LV yivvEii¢ aiid dETrC¢ irrE8uliiricie5,-
Identifying and testing journals, in parucular journal entries posted at the year-end.. and
Challenging assumptions and judgements made by management in their accountinz estimates
Beciuse of the inherent limitations of an audir, the is a risk chat we will not detect all irregularities, including those lÈading
to a tnaterial mi55taternellt in the finincial statements or non-compliance with regulation. This risk increases the more that
compliance with a Itw or resulatyon 13 remo¥ed frorn the events and tran3artions rdected in the financial statements, as
we will be less likely to become aware of in5tance5 of non-compliance. The risk is also greater regarding irrÈgularitie5
occurring due to fraud rither than error, a5 fraud involves inieniional concealtlleni, forgery, collu51on, omlsslon or
misrepresentation.
Council's websice ac.. www.frc.or
.uklauditorsres onsibilities. Thi5 description forms part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members. as a body, in accordance with Chaptsr 3 of Part 16 of the
CompanieJ Art 2006. Our audit work ha5 been undertaken Jo that we mi8ht Jtate to the charitable company's members
rhthgp. mxrt•.r% wp. arp. rp.qiiirp.d tn %tAtp. tt) thèm in an Aiiditnr'% rp.pr)rr And fftr nc) rJrhp.r piirpn%è. Tr) thp fiillp.