Charlry number: Ilf5098 Co*p#ny numbEr: 05846105 CHJGWELL SCHOOL IA Ilmikd by 8••r*ottt) REPORT AND FINANCIAL STATEMENTS Fo* ihe y**r t￿d31 J•ly2•10 CHIGwELL5cH￿L Styaie8k Rwrt Report ofthe Tvuslee5 Consolidated Staien*tti of Financial Auiviri 10 Bal8tw¢ Shth5 Con80lid&ted Cash Flow Statemeni 12 AEcrMnling PolicK Notes lo Ihe Cons01idaied Fin￿111 St8¢m 16-31 rcttoTsand QfficeT5 32 R¢f¢[¢D￿ aDd AdLlilJliSltsl%)ri 33 Rtport of th¢ A￿l*tOr 34-35 Payl CHIGWELLSCHOOL STRATEGIC REPORT ICONTINUEDI Fortht year**déd 31 J￿ty 2020 AehlEvemtniS and ￿rforM￿nrt Acadrnii Al the ￿art of 8t*Jemit ytsr. Ihert 970 kwils oth Toll. *) i￿rta$¢ on the pmiotss year aThJ the largtsl pupil PDwlatiorb that the SchDDI ha5 had. Applications forpJxe541 ajl en￿ PDint5 in 2020 hiBhtr Iban in thepreviou5 year. SEudcnts ￿rformCd wcIl ift public cxllmimtions and AE A kvcl s￿ ofa]18th awvdcd wcrc &t A• or A aThl 35% of Sn￿en hiv¢d at I￿[ lh￿ A gr￿¢$. Thi$ enabled thT¢¢quattU5 of thos¢ tBkinBuppia￿5 at UThlV¢TSlty to mov¢ OD to Ru5s¢11 Group iThsiitsiion5. The desrlnaim￿S of nK￿l Chigwell swdenr5 thi5 yeaT were N￿rIngham. Durha￿ UCL. Binnin¥ham, Exeter. KCL. Lmtasltr, Letd$. New(¥#le and Warwick univrr5ilie At GCS& th¢ resul￿ w¢r¢ the b¢st ¢v¢rwith JO% of gr*5 F¢in£ 9 ￿)d 83% b¢ir* gr•k3 7. 8 or9. 71% ofchigw¢Jl pw)sls ]u¢ved at eiBbE gr*s 01 7 orab0￿. wuival¢rLi ro eig￿ gt* As orbcller. For thc first two tern￿ ofthc yw. tALpils participatcd in a wide variety of co￿1￿1*r i￿1VIlles. Ovcr this ￿rIOd thcre wcrc • numb¢rof h￿hlY 5uEcessful concuty with thehi￿)I1￿btID& th¢¢W concen Hill llj JBnuyry in which wdl ov¢r h￿r￿red pupils pllnicipared. In ￿li10n i0c(SEdrama￿f0Ml•N¢X th¢bi-*nnu•J s￿￿pan￿)MiMt￿)k pl?￿. ¢xFrtlydiTet*dby thrr¢Sixth FonDsk￿￿t5. rnisinR monty for two K￿11 ¢lwiiics in Mitt girls than evcr bcfrrft pArticipi¢d in ndbfill with imrwivt rtsolts a8*m¥ lotsl sthook Am￿ng￿ Ihe many achi¢vcmcnt5 ￿'IthIn boys. hock¢y. the srfond Xl w¢r¢ thc mo05wccssful i(¥m and in 8irls' hockry iht l# Xl wcrt unbeaitn for th¢ lfittcr pArt of the 5¢&5on. In fo¢thall. th¢ U12$ ruch￿ th¢ ¢•wier f¢nd$of tTr￿ Ftss¢x Cup athl the Ul Is ￿￿hed the nbi?ortal riDal$. Fitty Frf>ys Ernv¢ll¢d to ￿r¢¢I￿na fora dev¢lopJwJt*] w with the b1gblight￿lTrg a training5es$ion ai the Salou complex. Ihkr of Edinbur Once AgaiTh. pDrtiCiPAtion in ¢th]Cat￿ h•5 be￿ high. This extends to ik very youngest ¢hildM who &ll have re8ular knr karntng und. forolder 5wdent4 tht Tr>tEAwaTd sche￿ r¢rnains popuLv. Sixty pupils w¢r¢AWAtthd Ih¢iT bronze with the expediiion cenircd onSkreen5 PaTL Roxwell. SevenEe¢n gwneda silv¢rawardhavinB eithty¢anoed a]on8 theTh8mes or walked Jrro55 the s￿¢h DopTh, andsevcngained iknrgoldawardhavin8 compkied theiTexrKdition in the KinrAiiKnDydart areo of S¢oilafjd. The eompleiion rate Ihc tk)IE Aw•Td w15 7J%whKh is well abDvcavera8e foTihe county. A variety of ￿adeMiC enri¢hn*N look place *ross Ihe Sthc¥>l bnt]￿MB an excelleni HPQ arml EPQ evenin8 in which Y¢8T I I and IJ pupilspresenied Iheindepthdtsi rt5ear¢h proied5 Ikylladc3￿Icdollt. ￿TorneardWCl1 led aprnciiulpainiingworkshop. The Howard and Mii¢hell E￿Y CLwiiion WAS fI￿celY conlcsted (>￿e a8ain *Ld thc School ￿ rullnus-up W Thc Epping Fortst P8Tliain¢ntsry DtbaiknRCompetii¢on. In Iht Rowy DebatsngComWitiOll. L¥>ih Th2 illtermediatc and seniorteEllnS rebehed lh¢ re8iOt)81 rowds before th¢ ¢WWiliOn eJthJ du¢ kn COVID. The SCI￿1 a husELngs 5tyk event for th¢ four lo¢al MP candidattt wilh a $tll&nt chairin8 ih¢o¢won. ChaTi¢abl¢fundrii*n8COthluMtsknbe Im[￿rt￿￿theeTrug￿ellC￿￿￿tyWjth1oCat1￿iTr11IoD1lCh8￿1lCsCh0￿ a￿A8￿pPOrted. navi When l¢xk(kJwTr began in late March. so did rern￿e texhing Dnd althDuBh p¥*ils xrosg the Schcd. With the eiceplion tsf the ¢hilditn of key workers. were b•sed at lyjmq tbeir ¢dU￿tIOn CODfiDued. In ihe Trinity T¢mL ov¢r 10.500 f¥¢-ttrf•ct lessons wert delivered to ¢hildtett in YeaT5 7 ar￿ abtsve using Micr050ft Taryms. For yOWJBer pupil& yemote ieo¢hing was ¢arFied oul Ihtough a mixlurt of wotk pxk$ se￿1 and onlinE texhtll8. Sthfrengaged with tully well Ind wa$ a high de¥Tte of saiigfa¢t¢on from p8reniswhop*ts¢d rheir¢onsd¢rnbl¢effotr. Midwiy through Ihc Trinity Tery the Giv¢rnwt thr¢¢ y¢ar 8mVPS w r¢tum sch¢ol in sn4llcr bJbblc5 for ihe last few week$ of rhe scl*x)l year. the vast majority of chikn below Yw 7 return¢d ty stknl. Duting Ihis ptTiLNI. 8%s¢niblie5. pasiotal support atyj Chapel srrvicc5 ronrinued onlinr pupi15 in Yczr 7 and AbDV¢ took their ¢Dd of year rtm(*ely. Following the e*n¢ell￿I0n of GCSF ar￿ A level exams. Ik SCI￿1 BeiiernEcd Cenire Asse&std Grades gnd PTe-A level and pr¢-VniVtrsity ¢ouYscs wert develoFed ￿ th*1 stthts in these year8row were kepl busy despitr iTr* lack of ex*m8. Thes¢ Bnd mllny other 5W¢¢SS¢S W¢T¢ ¢¢kFnt¢d ￿ Sp¢¢¢b D•y ID July whi¢h this ye*[W￿ delivered virtualty. Page 2 CHICWELL SCHODL STRATECIC REPORT {coplliN15EDI F•r thtye*refyded31 Jpty 102• Publk benelli In scttin8 The School's objeeiives and plaMin8 its ￿1VIllE5 the Gov¢rtK>rs h&vB 8ivrn ¢¥¢flll ¢onsidernlton EO the Charity Colnm￿#)n'$ g¢x¢¢¢¥l yidan¢¢ on wthlic benefItar￿ lo 115 5uppkJwitsry guidw w ￿VanC￿n8¢(￿1l{)n and Dn fee ¢har8inB. workin￿ w*ih ihe widcT community h*s alw•ys bttn of ThiBwell'5 DNA. We believe it 15 irW¥ml Ih41 w¢ are BODd neighbouts ￿those•￿￿￿ w end ￿*￿¢¢d &Th>ngStth¢Scl￿I's￿bL￿bed4Mkn$￿ roihecornmNMIIi'. Wc wAnl pupils lo go on to make their wsiÈi*e WLnd the *Ybrid and prcp4talion foT thi$ t¢8ins when they are al 5choDI. Thty are e￿￿r￿ged with th¢ local It￿ community *TrJ the S¢FmJ itself stts Afl exAmple by shaFing fxilities and ¢ollabor*iThg Wilhothe￿ forTnuhwl E¢n¢fiL As In oygatri581ioJL wetOjOy WOTking with of Ihe %tiViii¢5 listed irl follow5 have been running forinany yc8ts How¢v¢r. we arc OPEn EO suueSEM)n5 foi furthcf o)IlaboM1￿. within the limi15 ofihe School's ruourrrs. aiid irWh￿ 15 li$tcd beknw SEimula*s idEa5 forothrrpTojetis. pkAs¢¢oNaa us w w¢can explorc Iw)w *mi8hi wk 108etbu in tk fulure. Opportunilies PJDV]ded for C*¢swell pupils to voluntecr. Ix)th tocally athj OJrth¢r •fiekl. Wt hop¢ thai this Work is ofbEnefil 10 ihc recipicnlsofthe volwrteerin& hLI •tso to thtpupils them5elve5 wkn karn aEoJut thtwWkofth¢oryni5al￿l7S and the nttd5 of Ihose who Ihry hvlping. As pBrt ofikne Dukeof Edinborgh {[kTr￿} Award schane.clJ￿weJl pu]H15 voluJ)t¢er•t Iwl f¢out a￿lbE0WTr￿ 8roup5, helpeld¢rly Drighbours with EArdenin8 aThi other Ii8M dulie4 iotal litKArie4 Epping Conservation CeDIT¢. lh¢ Chigw¢ll RidinB Tru51 and in lo¢al Charity s1kn)￿- In ￿ltion. a srnall grwp of pupi￿ wotktd ai • Lwth)n sh¢lt¢r forthe hDn%les5l￿I year whil¢ othcrs h¢1p£o￿h Dt lordl IN)ckEy, Grirkei aThJ*twi$¢lubs. rkntE volunieeriTh8 alonr 1.820 knurs in 201912011.5(¥J hDuf5 in Thechapel ChoiT CD. ￿ka$¢d in D¢¢thMber 2018. contim*s 10 rrise ttw)nry and Awarenes5 for the WOTk of ELHAP. Sixih 5fudents DT8anJseii ihc collec11r￿ dis¢ribuiifft of n¥>tty gift5 at Harvest aThJ ChiiKTMS for th¢ Sir¢¢ts2Hom¢5 cknHriiy ￿ Hlrlow. Ivthyycar, a8rwp of pU￿s. potcnis and volwni¢¢T fori wttk ￿ rhc rim Prus5 Met￿[￿11 Srknol Arda kxal llshram in ]ndia. Thrnughoul thc yeir. #re ntsed to sU￿rt this 5cW lohelp in th local village. T￿h¢[5fr0MdlffeTelltxthts)ts 8•m)88reatd￿I fromvmking mp*11￿.￿lI1m•lC1y￿Th2rlI1nBp￿1sI￿JUls￿$J[Cdscboo]s. Chi8well sthff or8anise a mock irttetylew ¢vMin$ for5ixth fotm *uderrts ytying to tDedirine * univeThty. I**TVi¢W¢¢5 are5this ai Chi8wtll and OLher]￿oI thls. The musi¢ &portm￿l h&s deliv￿1 M￿lC sessi￿$ # fow i￿1 ￿mllry SCI￿1$ with a View ￿ cnEowaBing pupi15 lo enjoy and p4rfi¢ipat¢ in musical a¢tLVllies. The Diff￿or olm￿￿ *kn with th¢ th￿¢ local sc]vJol$ lo share yiaiegies foTstretchinB the m051 ibl¢ pupils. Th¢ Libr4ri4n look5 for 5chw15 Wtih w Wtts ftbr iheir librnries and Wjpp￿ts wtlh spDre stock. ThTough ¢he Library Associ￿lon She Iw $w¥¥llg￿ to a new school librnriart advised Ctoxlcy S¢hool on whoi tg look for in a 5th001 libr8ri•n,i(*>dcscnwions Lit￿ Manag£m￿l Systerrts. Chigwell Schwl hclped tstablish and then wa5 I wtll¢T fwik LoJ¥k)n Acthy of Ex¢eilen¢t in TotEeJthBm which opened ij) Sep*inb¢r 2017. S¢alThelred al admissio￿ e¥tnts ar¥J LAEf st￿￿¢$ and swff visiwi Chigwcll in Septrmber. Tr psychology depArtmen15 at Chigwell and LAET are ￿l￿r￿￿. Four Chi8well rexher5 actcd as in Match for thE LAET ¢ntr8n¢¢ inl¢Tviews, one collrdBue 8**e LAET tsku)8 Polish A leveL On¢ of I￿ I)￿￿ty Hcath also pmvidcs iLtiKXthl￿¥S￿￿rt1t 04k8 Pwk S￿￿1 ollaD LWin8 bss 051in Chi8well is able ￿ Lse iL8 fa¢iliticsand staff ￿ kni Eve*ts b¢Kfit pupjls fm s¢knis actoss the loGryl elknmunity. Annuolly. ChiBwcII host5.. for ]oc4] PTillWry s¢bts)b for DctbDll - 15 5choo16 112 in 201W191 and fothball - 15 S¢￿￿1￿12 in 20181191,. a primaryscWs' tt¥Jsi¢day IItKI childrcnl ¢lev¢n s¢hrols; a primary s¢hoots' •rt. d¢5i8n and lechnoiogy exhibition irKI￿1￿8 • pri&aie view for familirs lat which 26 PO in 20114191 rewr5tntr*Jl. and th¢ Rotary Youth Mak¢s Music Concert for 8 18 201&119) Jora] Chigwell Is art of eleven ISFA sdth15 a hub for junior gir15' foo¢b*ll. In this cwity. Iht Sthool has hostcd E5SeX reprExntsiiYe ieam 8ames for *nd boys,. Essa 5dKx>ls finals *)d serni-finals". ￿ Ewi•g Forcsi Di5tTiCt S¢hools SFX)nS As￿latIOn ioumament: • We¥ Essex Sckno15 SN)rts Partnership lournan*nt.' ISFA ry rnulii skills evtsts., aThl Ul I regional toumamenis. Junior de￿lopn￿t ISFA courau aThJ acl¢d Is a v¥we lor local s¢lw)ois' r￿lUreS. Wc Iso host IAPS UI l U13 re8ioNI knurTh*m￿LS. Page 3 CHICWELLSCHOOL STK4TECIC REPORT ICONTINUEDI For the yoare*ded 31 Jwty 2•10 Pubjlc bentfit Itonflnued) The Schty)I ts very foT¢UMte in tern￿or fa¢iliti¢sii has. Theseare ￿￿k￿lIable WUR•niwions whi¢hTrth¢frtyDUftK people.. FA5t 15 Acting Sch￿1 ￿ed Ebc Drll￿ Cent¥e kn ttbeatse and perf￿rn PTodw*ions. Ea# 15 filni siuden15 also used the C¢ntre wiib Ihe *55i5¢aTtt of CThi8w¢JI $wff. Loyola Sch￿1 Parcnts. Association IK>lds their hmily fun &yhrvEcxh ycar. Stag Explor¢r Swut$ h¢id 2 SPOrtsw¢ningwhi¢h r￿k p*t in theGyThasiunL Tht Epping Fortsi Distr￿1 S¢lv)ol$ Swts knciaiion htld af￿11 Chi8w¢II FC TrR]d a safdy pr¢s¢n¢aiion in tb¢ Drama C¢rLtre. The West khoDIs Sports P¥Ttnerthip uses the S¢knol's pikh¢* Middlts¢x CC held a crickd ma*h on the Schwl'5 1¥ Xl Pii¢h. Colebrook Royals and CIJiBwell Boys Club play fu)tball fixmre5 hcr Facilities are a150 sharul with local charit4ble orc0mmuThityorB￿￿atloTr5.. The N.E. Lotyjon Ma8iStrntes WelfaTe con1mil￿ meets re8uJaTly* the S¢twJoL Th¢ Chigw¢ll S¢h¢ol Art fjall¢ry cxhibits th¢ work of ¢xi¢rn￿ Artios and isoptn io th¢P￿lI¢. Th¢ S¢hool pthid¢s grazin8 forus¢ byt1* CThi8w¢II Pidjn8TT￿t. Rotary held ￿jrannUal'y0u1h MakL% M￿1£. the RtGBI YouD8 Musician 2020evcnts in NCM. H￿1. The Childrtn's Socieiy heldo bndge eveni Ir the Sdwl. The BAPS swam1nr￿aYO￿ used Ihc sehty)1 ¢8Tperks IOT th¢ir Diwfyli F¢MiY•I. exAminers By aciing Ds GCSE or A level examiners. chi￿*17 teacher5 help to enswe rh* candidats across the couniry have their papers ITthed accurately ar a liine ivhen the public examination sysrem 15 arguably wxltrsrThin. In 2019llO, staff ￿ted •5 ¢xamin¢rs for OCR A I￿1 Ckn¢stsy. Pe•rsNL I GCSE PE Pewwn l A level PE aNJ PertTson BTEC Swrt. One le4cherwa5 the PriKiplll Exarniner for CIE BM)k>BY O kvel. Just as pw)ils take op￿u￿111ts to use thirlime andexFa¢i5tlohelp rth in Ihecommunity, sthifireeneDuraged iodo 50 É00. The chaP￿in coThlucted s¢rvI￿ in i¢ul chw¢hes. area Dew and $￿k¢ li a Lumber of k)cal church •nd¢ommunily groups. He PT0￿d￿j￿1￿Yand int¢r4Egnum service COVCT for tocal parish¢& H¢ vi$i*d trBiningcamp$ (or Ihe Arnjy Reserve. conduthing 5crYi¢¢s ptovidiD8 Advtsfftu¢ TniniJ8 insmwlon. He 8Jso led th¢ ¢ommunity RNn¢mbrwce 5eTvice in Chigwell. One le2¢h¢r volwit¢V5 at Chigwell RidingTnwep*h wyek.tw 1$ a￿*bj￿Ietrlmn$l1l￿rf￿r Priy)rtets AbTO*t and another is part of the Education Group of Ihv Royal Society of Chemistry. A member of staff 15 a volunEcer sw)¥viwon smallpiectTn￿ ¢thtyses. One teo¢h¢T 8¢1$ ay a volunleerBwr5hal * the HaTlow JunioT Park Run each su￿1&Y. OnE rearhersuppDnS prospective los*r￿rentS1J￿l¥N>therhjs Er2ineda4af4lSt¢rp8rerf￿ provithsre5pitrcar¢ foT¢hilthen. Ohc ￿mb¢r of has been ronfii#B 4)ocai Rainitr Broup forthr past 5Even years and coniinues to bE involved in girl_ suidin8. A Chigivell ieacher ts Chairof the W[￿r01d Welisll*n Townl￿t C(xnmittee whi¢h Bnrncts fiv¢ huDtk¢d t¢nnis ploy¢rs aged cighieen or below from acn￿$ ihe Souih East. A member of $iaff h¢lpsai IbeLorthnTitsnsWheekhaiTB*ketWI aub*rKiaithc c￿A￿]Ve Sr￿5 Day for¢anc¢rp81ieni$ from Gtr4iOrmoj￿ Slred. SonK ouiruch a¢tiVLEiU w¢Th w65ibie this yew Is • Te5u]i of the twl OPPNtimiii¢s weie thken EO SllPPOrt ih¢ community in diff¢r¢nE W•y5. Th¢ D&T departm￿1 made overoneknJr¥J pffJltttivevi5L¥fsforu5ein GPsurBeTie4 NHS hospirA]s.ht<hcentr¢s.pharnwies. core hDme5. knspices. hou51ns a5SOClaEiOnS. banks for SEN wwking at other *h￿l$. The Chaplain Rlea5ed by SCIM￿ to ]xovi(k choplaiDcy wprffi ty the •miy* t*pioyed ￿[0$% Lonlkn. During thi$ Per￿d. he abo w01*￿On cbtylain's rots w hospiiais •(aoss the City. Th¢ ¢hildr¢n of kcywork¢TS w¢r¢ lotsked 8ftt* at Chi8well Ihmugh Ihe W¢knvn peTKxI. supwics were dDnDttd io 4 primary 5chwl for use With theirown chbidreTr ofkeywotku Alihough Ehe r4ulAr volunEttring carried oui by rwJiLs forth¢ s¢rvi¢¢ ¢l¢mttyi of th¢iT tk)fE iwirds was IiTniTed byihe pDndemi¢, i)&ny tookth¢opw￿nlty￿￿s%l$r theirlocal ¢ommunitysueh tsurMleTtskin8 5JTrall jobs forth¢ ¢ldcrly and vuln¢rnblc n¢ighbours. EKamplE5 inrluded shoppin& gankning aThl ¢￿Iking for neiBhbo TWO mBrnbeT$ of redurtd their ￿lttry and rrmnThi ihur Tr￿llY Term fee reductk)ns. TweMy4hr¢¢ oth¢r P8T¢Dl$ reiumed twenry-eigTrLE pupils. fee reducti¢)w th¢% ￿n￿ribUtionS were 8Jl vsed 10 oit*r Chigwell families who w¢re suffHinR rirwnc1￿ hwd$hip 8$ • mli ofthe pDdenJ*. Pa8e 4 CHIGWELLSCHOOL sniATECVC REPORT (CONTINUED) F•r theyurcwdyd JI Jwly 2•2• Eco Although Chiyell SclM)Dl exists to pyovide ihe bem W￿l-bIl￿nc¥] educ*1￿ for ils ]XIPI1& AS organisarion we rt08nisp thhi we have an on th¢ icul and tLqtional t¢￿￿thY and (x) famil*s who hav¢ a Y¢ry low income. In 2019120, Chigwell contri￿ted neady £23m GDP ofihe UK. of whirh ovu £12m was to Ihc GDP ofthe I¢￿31 aTca. 435 job$ ar¢ *Jpportcd by the S¢knol And neavly £7m of UK tsx St￿￿b￿lt0 by Chi8well School and its wpply ch*itL Meanwliile. the lolal sovin8$ 10 the UK tsxp*y¢r thr(￿h wpils alle￿11ng ￿1￿11 5¢fvxJl rgtb¢r than taking up i Th￿in101￿￿ 5c¢kn s¢hool place is sott￿ £6m. Whcn thc School wa$ foundLyI I￿ 1629 by S•rnJ¢l IE SEiwknILxI knc•i Kh)IDrs bc oiYc¥cd Plac￿ al Cliigw¢ll. NeaAy 4fKiyeaT5 lakr IheGovemors maiotaiTL a Bllrsary w>IKy arvj a¢onmihWli ￿ sharin8 rhe School's knowlcd8e. skills and f4ciliiRs whi¢h itssdh(* conirikn* kn a wMknin8 olacce55 to Ihc¢)pwrtuni¢i¢s li rjlyers. A gTowiiig nuThlxr of pupils in Year 7 athl at•ve Tttave te*d-fin￿I￿ to enable Ihrln ￿ atternj Chi8well SCh￿L BuisAfi¢s helpbrightchildren wkn w(¥uid rL711ybenefil froma ChiEwe114xiucalion. bul wkns¢pamisgu•rdians ofchildren would olherwise Ix unabl¢ 10 afford f¢e& to11te￿I ihe Scknl. Butwits ate adverti%ed widely. Including Ihn>u8h Ihc London F¢¢ Assisthmcc Consonium. ihE Hudjwsitrvisitsth f&milieswhoare UTth coDs*1uaiioTh for an award. Currently 8/•of cliildren in Y¢ar 7 and rewvta burJary andof Ilw half rtt¢ive a I(￿¥ AWllTd. Tn thE year ehthd Jl July 2020 thc valutof means*￿ed iw¥rsayies iotsikd £83958512019.. E77196814nd prnvithd •$￿Star￿¢ to 50 PDpil$ 12019.. 531, of which 23 12019." 171 bth¢fii¢d from a full remiwu￿ of fett. The w•1 £Tril 12019.. £46,86)) in trmissions in ts forniof rtstiicicd fund butsxi¢s pw>i1512019.. 17). SchDlar5hi Chi8well s¢hoj•rshi￿artllM'IYdCd elth ytsr.pTinwilyAa8cs 11 ￿ 16.in tWO8niiionofx•dcmicm¢rii. iTrespxtiYcoffirtèn¢ial Jneans. Music, Art Dnd Drama schDlaT5hips¥rt also •VALlablt. Sdw)lar5hip5 •Te ¢urrenily awarlkd wilh a fixed rtmis&ion of fces of beiw￿ IOY• and 50V4 some aw*d% whiLh tx)mmcnctd in ￿llEr y¢*ts r¢main gt higkr rnles bul these ar¢ grnthally diminisbiiig &s Ehepupils ¢otKeM￿l ¢ompkE¢ EIKyrsdwJoJi￿6. In Ihe year en￿8 31 July 2020 ihe School awar4kd *knlarships to 149 pupi1s12019.. 1491. iotsllin8 £528,srH12019.. £519.4671.' Se￿[11 of these wpils also qualifKd rrt*ns-tra&l ￿%￿p￿rt aTE in¢lth in ihe figu￿5 telBiinB lobuMry #wards. The School 1$ wm)wll¢d 10 aurKEiD8 atvj ￿¥1￿1th8 th¢ biRF¢sr u11b￿ texl*rs Ind ¥$ part of th25 COtnmiltr*nl di5th1nts ¥re av8ilabie 10 those ]]￿be[S￿h0¢hc￿ ihtirchildtcTh at the lolal bur5aviE$. scholarships and otsTEm¥ssions to £1.74191112019". £IW,957X equivalent ￿ 15%12019-. 16%) of elisibl¢ fee& or IOY•12019.. Ifyy•l oftotal gtoss f¢ VIn#p¢1￿ revlv+V The StstemtTht of Financial A(¢1￿11t$ shm an incrcue in ￿[0[¢ inv¢slmenl SA1￿ ty8nsfu5 of£306.68712019'. a reduclion of£367,4701. Ner fee irKomt aMo￿ttd to £14J22J48 12019.. £14219.0151 afverl￿r$arIe4 g￿n[S and alJDwances or £1.742.911 12019". £1.649.957). Te¥hinR ￿ ￿￿1]ed £7.862.889 12019.. E7,541.6131 oul of totsl tthJcatirJnal expenditsTe of £15.191.56212019.. £IS,(￿l9.6221- The coron•YinJ$ PAThlcMic I￿ 10 • Pffii41 S¢hty)I cknsure FKtween M•r¢h andjU￿ 2020. *lihou&h >)ox 5Tr1 JMpi1s. includ￿8 th¢ whole of ihe Pre-prq>, tontinuthl to att￿d when wrnittEdby th¢ ¢knrnn￿￿I. The School ￿esSed the GovcTntn¢DI'$ Job Re*Dtion ScbcllK asa thunthrof sthlf WLYC futluw •Thl rfj51 savin8s wcrr Fq55rd ofj ￿ •s in forni of rtc diEcounts in the fJnDI renn. Thc G(*vunors Irc conlinwth8 ih¢ir strwyof (kploymg tw in¢orne in Mw¢St5n￿l in the ￿uC￿l￿￿￿] Fxllpjses and ffjbTiC of lh¢ Sthool. The Govemor5 ￿v¢ rctsined a Buildinb M2inMarKe FuTrJ andeamllrked it ￿ a Contribut￿Th 10 uwniing major ¢¥￿idi1Ure projLft4 evid¢)K¢d in ihecurmi year with the CQfflinUlliK>Th ofa Tolling rtpoir and maintcnan¢¢ projtct and Consin￿li￿n of a Dew 3G spons pitc￿ coThpleted e8rty in th¢ 2020-21 aca(knhKyear. Th¢ C￿VernO[$. cotnmjth￿nl lo th¢¥e substantial facility improvement prDiects fMMa¢or¢ ofthir 10)*w lkv¢kY￿t Plan (see Plw for fviurtp#￿ on page 6> PH8e 5 CHIGIVELL SCHOOL STRATEGIC REPORT ICONTJNUEDI For theyuT tDdtd31 Juty 2•20 Rtmrvtt pollty As shown in nott21 (othe 1tt0lln￿ ihe se￿01.$ tot•] fwwjs of£24.6m*i theyearend itth)ded£45 JIO unspem re5tricied inC￿ne nd £3.8mcndowmentCApitsI. Afieraddin8trAck lhellciuarialtyu1cula￿j￿l Iransieni P￿s1on fundingdefiEii.unrE51riffled funds $lo(xl at £20.9rn at Ihe yeEr cnd of whith £7.6m has utllivd itt th¢ [•rt￿ fiJnd¢n8 of Sth>ol prtmiscs and equipm2nt: addilionally. £10.9in hll5 been ioancd to fund int]xovtments to I￿￿0¢nI land i￿lIdIng$. and these lo#n$ eould only b¢ released by di$p)sing ofrhose pern￿ne￿I endowmeDt ass¢￿ Th¢ r¢mainin8 £2.4rn Fepresents funds iniendEd lo bB US (or fuwrc invu¢n*ni in the ScknDI. This con4we5 ￿th a policy Icvel of£2.5m. which would U*VCt up to two month$. op¢niin8 Costs: ¢DmbiThedwith thestrettgthofiheS¢knoI's￿J*￿eshtCr.lRdthe incr￿7￿%caSh intlow fromfvll swdentroll&thtGovtmors aTe c￿rth1 Ihai cuTreni Yernarenxjrtikn sutr￿1￿¢ forimnKdÈi* Thc School has ll PDlicy of des1￿1n£ funds onty for r¢venye cwabng purposes •nd ac¢otdiTbBly has desig￿ed fulld5 for the tdeniificaiion of5urpluse& from lelling its3s￿ts r¢swr¢¢& forbuwri¢s¥￿ forikrywrand nHinThance ofitsbuildings. particularly ils older troJildin8s. All of tht b&￿ne¢S in d¢si8nAted furth ai the yt*T end aTe irtteth to be applied ro reven￿¢ and op¢rniin$purposes wiihin Ihe nc¥l three ye4J4 th(￿ thty MDY aiwb¢ repJtn15bed in the Jwantiv*. Somc projects in the School'sinvesrjrrtni programw artequiv*ltnl in scale TO Ihemrplusesadded to r¢gorv¢s￿d restricttd fvnds over mony year5, ind ir 15 inevit&bl¢ ih¢r¢foY¢ ih81 rtstsv¢s•ThJ fLmds will be subj.ect to significant movemeniawtr tim¢ tys sutpluses •rE. li fLTSI. a￿UmULAted ts>wDrds inv¢stn￿ #MI th•) 4pplityJ ￿ IL Governors ttKmriof Ehe level ofT¢s¢rv¢s againsi ihe N)li¢y level as slated alM)ve and. when th¢y ate F¢Jow tht polw level. seek ro Ipjild up reserv¢s unEII thar lev¢1 1$ rea¢liL $ubjecl lo the PJiDr demEnd5 offurthercApi¢al ex]￿.1U￿ ￿e9￿1P the Schcd with the UP-to4Ale faciliik% nttded kn maintsin Ihe stsnd8Td of tducaiional servic￿ proYi¢kd. Investrnent pow¢ All ihvesiments rElaie Io Ehe ChiBwell Sch￿] Cwal Prize • lirkktsj dwiiy. •Thl the trU5Ece5' PDli¢y i4 ty invesi through sptcialisi ¢harily sttior inve51]t￿nI llLwgers in xc0rd￿wIth & varw)us &¢dk Cash surplllses and lldvarK¢s att b¢ld by th¢ ￿hLY>r$ bankets in stparafe inkrest-beDringatCth2nts thte wli¢•bie. Rlsk m#n￿eMemf Tbc Risk and Complian¢e Committtt (see c￿VernB￿c aThL inttrn&l ¢otttrol 00 p•8t 71 is Tespon￿ble for advirin8 tlie Governin8 ￿t￿Y ON ihe nianB8emeni ofrisk. Th¢ Gov¢rnin¥ Bthly has wved lis risk managerneTht poli¢y 2nd a PTO¢eSS for the r￿r￿1 Tevitw 8nd improv¢m¢ni of risk Mth￿￿ent. illvolving a risk register Th¢ ovttsighi of the mèna8ement of particulDr risks is devolved to Ihe appropriole Commitlt¢5 whtch ¢ht¢k Ihat Polici￿ and procedures conLtollin¥ nsks aTC iznpINnenled and re8u14rly review￿1 by'risk owners. within S￿10[ mJnaBcn￿n1. Tr Risk Cornplian¢e Commiittc kn rc5PDnsibi]ity for th¢ ov¢rsighi of th¢ inanageineni of ihe major risks forth¢ S¢1￿1 •Ni ret#M5M those lo the Schools Crt)v¢rning B(*ty. The inain risks thot (he CK>v¢rnorsh•v¢ idetttifitd and ihtpl*ns ID those risks 8r¢'. Repuialiorl. Th¢ S¢bool'$ suc¢¢ss is bNili on its rrputarion for Ihe cduc*ioti ADd *ell&uJ8 of tyJT pw>ik We minag¢ thi5 risk throll8h saftgu*rdinB PDlicie4 sia(Y recruirmtni ￿]1¢1¢$. SUPPLYI for ￿th pupi15 llnd and active idtiilificatioii kiid 1rsolu1￿fft Dfkniih al￿5*(¢¢Y ￿lItt￿ Revenut. Thc Sthol'5 abiliiy io¢oniinu¢ ￿ Ihiivt is rtlianl OD fec inc￿nE aThl th¢ ability io pay bill$ ts ihey fall The ri8k is In8n4ed by f¢xu5inB on Ihe Schrx>l's Teputsiion for extelknce. aaiv¢ mar4&eJn¢ni of working capital ond coinprehensiv¢ t￿&t￿n$ *yJ mmager￿1 x(ouniing pr￿¢￿￿1￿. Curriculum. AcDdemi¢ ¢x¢¢ll¢Dc¢requiresthemost ableTrach2r5 With stht¢ofth¢•rt h¢ilities deltyering the curriculu 10 abl¢ $iudMi$. GovcrnDf5 manag¢ ihis risk by combining attr¥tiv¢ ￿laneS with on*yoing invesimeni in our ¢51ai¢. an Ipproach ro cnrolmcrli tha¢ ¥¥o¢ks with SWivc parults wlM>sc children b•v¢ •n apptyli￿ for ItarnllJ8 Dnd. for th5¢ f4mili¢s who are unable lo pay full ftts. & Ixu5ary 5chcmethai rttogn5sespupil *hievement and •ptitydc. The additional Chollertges brought aEout by the conxjavirns p*thni¢ hw¢ t¥acerbaled revenue risk, with ihe ihreAI of S¢hDol ¢losurts and IhtPOSsibility ofadepresscdec0￿mY iryAtlin8JKirents' aPPEiiieoTabilityknpay ftts. Theeomprehen5ive In2asure5 successfully implem¢nted durin8 the CUTTent year to or w*la¢¢ oper•tw acce55 to governin¢nt $llpp)rt %htme$ •nd a willingnes$iopasSOn C051 saving510pArenEsifLth¢ forniof f¢e¢thscouni$ havebeen.and will coniirtv¢iobt.¢ompEll5atory M￿hOd5 10 offsel ihis addiiioml rev¢nu¢ ri8k. Through the risk mana8¢m¢nt pm¢tsstsestsblisl)ed ftr Ihe Scl￿1.theG0VernD￿2￿￿1srj¢d that Ik majorrisks thitifiedhave b¢eh ￿¢gUate]Y miliBaied whut ncctgsary. li is re¢ognigtyJ Sy$*n￿(￿n only provide Te4sthJ*bJe but Th)1 Aknluie a5suranc¢ that rn&jor risk% have b#n adequa¢elYn￿llagtd. PaBe 6 CHIGWELLSCHOOL STRATEGIC REPORT {COTriTINUED) Forlhe yt•r rndtd 31 J¥ly 2•YI Plxns for f•luwt perfo The Governor5 hav¢ agreed J buiJdik8developmeni plDD iocn5wE th¢ ctyJtinL￿deW¢hprnc￿ of facilili¢5 forth¢ highe￿ possible cdu¢a¢Jomo1 prOvi4w￿. SubstEnEig1 work h*% iw) ¢ompkE¢d orllhe rcfillbisbtithi th¢ChyL thc CO￿￿1n1￿1¥jTr ora n¢w 3G Spons pitch and ihewe ale pl•ns ￿ ¢xt¢nd OT rebuild the s￿rts c￿tr As siAied abovc. the &>vem(*s are Inoking ahead aNI ￿l¢W their I0￿y￿ DBVeltym￿I Pl•n. Th¢ k¢y cle4￿￿ts of the fu¢ui¢ Stra￿8Y will coniinue to bc". gJ511irtd exeell¢rKt WiEhiD * knlisti¢ thr ￿nerati￿) ora n￿de￿ 5ufj>l￿ lo Ih¢ ¢du(*ion weifxe ofthB Nyil$ kn bc (kv¢kq)ul imptoved by providinB *ldiiiLwI f8¢iliiiesAnd otTenns ￿jISarle5 7th Mmpri￿¢. the provi3th of publi¢ b¢rtfii by sharingour fxilili¢swi¢h the l(d cammuniiy a￿d fu￿11180PpOr￿nltle5 rorstoff￿O pwpils from Chigwell and othet s¢hwls to wNk toRthforrnufual b>Kfii,' thconBoiJb8dcvelopTrtrttofpas¢ual CBTcrocnCouTagc￿]I5to£￿14in them￿l￿￿M ￿￿rit fromthecducationptoyidcd te8¥rdks$of ih¢stres&es and strdits in Jber¢krtYntsoftheiTlive4 and to h¢lp themdcvelop into rE5ilienl young adults, teady lo lead worthwhilr i]*krthknt lives 05 well tys thEir involvemErt ijh ¢xtsa4urricuLryr xiiviiie5. wi¢h a fo¢￿ on tmviding wblic bEnefit whtjt rwiblv. aThl IheongoinR deY¢lopnKni ofihe spiiilual ¢h¥ro¢*r of the ScknL c￿eb￿l0¥ th¢ many laiths I￿al makc up th¢pupil and parent bdy. withio th¢Cbri#ian ofd*Sclkn)l. The Sir•i¢gi¢ R¢wrt WH5 •N*oved by th¢ Boud of TnH*cs lill thtlrwxiry4swwydlt￿ts>￿}0n 12 De¢¢mbcr2020 ￿￿1 $iBned on it$ b¢haifby'. CJONES CompAiy Secretary Clerk io the GOV￿￿•T5 PaBe 7 CHICWELL SCHOOL REPORT OF THE TRUSTEES For th¢ yeAfeDd¢d JI Juty ZQ20 The Ern51¢¢5 present TqX)rt iogeEhcTwith the fin￿Cl￿ sthtcllth￿or thc¢harithblEcompkny forrhe yetrendtyj 31 July 2020. The fIna￿la1 siaknrtnl$ ¢£ryty wtth IhE ¢huithbJe comFWlly'S govemi08 ¢bXW￿l. the Charilies Ad 2011 and A¢¢ouniing and Reporfin8 by Charili¢s." SIAi¢ment ofRe¢ommeth Prxii¢¢ ISORP 20151 IS¢¢0￿j Edition erredive l January 2019) )ppli¢abie 10 ¢hariiiesprep•riDg theiraccowts in X¢OTduJc¢w¢th tb¢ Fi¢wKsal Reportingstyryjgrd appli￿bI¢ in the UKIFRS 102)Icffcrfiv¢ l January 2015), ?ryi in¢lud¢ the Str•ie8i¢ ¥nd Dir¢oors' R￿n$￿nder th¢ Companies Aet 2O(kS. DlrtrtDf4 *nd tmt The GovErnoT50fthe Schotsl artlhed1rethL￿tsfthtc￿￿b]r¢ljMpanYlthtSCh￿I)￿d Ilw) itstru5ttts forthepurw5Esofcharity w, and IhrDugh(H]I this fEPOrt arr colleciivcly TefeThrd ro as the In￿ttS. Member5 of the &>verning Body¢BrL b¢ fwr¥l rffjpaBt 32. Slrncturè The School w•s fO￿dea in 1629 by Samuel H8TrTrenwh0W￿ w the time Archbi*w of York Th¢ ¢haritable¢ompaDy wks w¢orpornted on 14 Jurt2(X)6. ats1tommen￿OfftItlonsOtt l 2￿& #iwhich lime il received by mMfeTthe wholE of the undertaking and asscts. orheT than pernunent endDw1J￿t And TeMriMed agstss of the thi8w¢II Schcol Trust and Ehe Chigwell SclM)ol G¢n¢ral Prix Fun& A unilth8 ithrtthion of theCl4rity Commissioj) 8ivtS the ¢hiTiiable ￿mPo￿Y powers todeal ￿1h 1hepernthtK￿lY cndowed and resrnctsj assets aThJ ro Tecord these &4scts in its own a¢counts. Th¢ in￿ted ¢harity ￿ a con4yany limited by8uaArf*v. eadL mtrnkn's lithiliry 15 rrsrrictedto £10. On l Augu512014.tht S¢knoolatquiredthEwhokofiheissuedsharecapi¢al andundtrtakifi8ofchigw¢ll Mitr¢ Ent¢Tpfis¢s Limited. Chigwell Milre En¢erwises Limi*d is a comwy which. by wilh th¢ $¢h￿l. Jukes the kknoj's asse￿ and fatililie$ 8vai18bl¢ for ¢omftxr¢ial a)yJ ¢h8ri¢able use. Oblecllvej Theobjccl ofthe charity iy w Edvan¢¢ ¢du¢8rionby th¢pmvisioD ¢onth of •day atyYortw)aftlinKthI ithorne&T Chigwell orby such other means As ihegovernots sh￿1 drjernii The s¢J¥Jol ispri￿nIY & day sclKK>l for ￿d8yrIsaS￿I lrnm 4 ￿ 18. withboardinE provi$ts)n forsixth fomitts. Ihe aim 15 10 develop high acDdemiE standardsand wdl-baWAod ydf-¢ODfKknt •thJ b*)men. Covernance Ind lTrt¢rn*l ¢ontrol The Schwl 15 governai by I(b￿rning Brtyof xVM*Mdi￿io￿s tsWtse*u$￿1lyknow7I t8GDvernots. Twty Are ¢x- orriciD Mtt￿tr$ of th¢ lo¢AJ ¢let8y. Up to fifteen are ippoinlgd by rhe G)verniThg Body and Thy be r¢-Cl￿d. N¢w iw$t¢cs art u$uallyeleckd for a lernkof fouryeaT5. New th￿￿CeS undtrBO Uitntstion wbrief tbcmon IheiT le8alobligalions uThJtrcharily and Company law. the ¢othitni0ftheTr￿1 dred.thE CommittEesiruc¢wrand deCiS￿n4nD￿ll￿ prw¢5S¢S, th¢d¢velopnxni plan and the rcctnt fu￿￿¢181 wfornunccofihedJaTiry. Trust¢¢s ar¢cnww¢ancc aThd Prop¢rty Committe¢. lh¢ Edu¢aiortCornmitte< the Ri$k aDdCompliancE commi11ee.theTn￿1ComrnllIct. the PtDpl¢Commillet Ifortntrly the Remuneration Committee) andthe UrgcncyandNoininaiionsCommitttt. Moy ofthtcommiitees hive very limireddeleBated wers Bfftd the m051 iTnwrtani olltcotn¢s fmm Ihtm 4rt typi¢ally Ihe fonn of recommendaiion5 to ihe Crf)YerninL Body. The TTUSI Committee has ￿1 dele8•¢ed wivers in re￿Il0n ro Ihe fll￿ as%ets of th¢ thigw¢ll School Trusi 8nd the Chigwell S¢hDoI G¢ntral Prize Fund. Th¢ Urgency *yJNotninalioJbSCommitieehasveryivide ¢kleg8ied p0￿r$ on maMts5 which Iht ChaiT ofihe GovenLing B￿Y has agreed can bc referted ￿ it as being SU￿￿1¢[￿llY urt¢onttniious and in$utricienily impoffanl ID require an unscheduled In¢¢tiD8 of the &)vernin8 Bc¥Jy. The Ut¥erty aT¥J Nomin*ions Cornml￿ee m¢et5 &s and wlkctt r¢quirtd. The Commiiiees gEnerally mEeiontt &tern]. howeYeTihe Risk and Compliatttt Cammititt htslds 4ddilitsnJl Tneelings a5&ppropriaie to ¢On5id¢r the mAncrs d¢l¢gai¢d 10 il. Thtr new smKturt a150 includes thrtt sub£ornfflintts. The Bur¥Arieg Coillinit¢e¢ report¥ to the Finance and PropeTty Cornmiiiee. Thecopiial Projects Sub£ommitk¢ry￿t￿tts th¢ Ut8tw and NOmi￿1}D￿S Commitiee on iThajor building proj¢¢is and rh¢ R¢Yell￿¢ Projetty SU￿on￿)ittee Tepjrts 10 the Urgency and Nominatton% Committe¢ ￿ Ihe diversif￿ltiOn of the Schts)I'$ income. Pa8e 8 CHIGWELL SCHOOL REPORT OFTHE TRUSTEFS (CONTINUED) F•rthe yar endtd 31 July 20X) Governaate And Intern•1 control ((othti*ued) Thr 51tY¢lur¢ mtmbctshwof thE CortMni1lee5 of thE b)¥d thjring the yeorwere4s follows.. RpJr¥*•pSffièJX IIQIIknATKINS THF.BoARDOF I*FLIOiS OF HW cobtsitrrEE IP( Wd. dlMlk*. %ktrOi*rofCL*W Th¢ 1rn5tces havedewtslvedthed￿4￿￿re4￿￿lb1llty fw*J￿£aIh?[I￿In￿lCts ￿the He*YmawarKI finMKial •nd est•t¢ m&ttus to Ihe BytsaraDd they in ium are supwMt¢d by th¢ir SenM)r ManAgenKni T¢atrs. Tkrcmunerniion olkcymAnwM￿1 pcrsonncl Is scl bythe Pwkcommiitee. with the ￿l1¢Y￿)i￿liVe ofpnTrvidin8•ri)TOI)riÈ illcentlV¢5 10 ¢ncollrdge enhanccd wfornw￿ and ofrnvJTding l]xm f•irly wjd reSr￿SiblY for Iheir iNiividu81 conlribulion$ the School's SI￿¢$$. The opproprialrn¢5s and relevanreofthe Fdicy isreviewydanmwlly. it*iudin8 refc¥e4Kckn eomwson5 with other indcpcndcnt5c]M)￿S ￿ ￿50r¢th￿i￿￿l￿I ￿mIlEL% sctisii1yc￿thc1XD3th[ is$￿s•r pay•￿1 rryloymcnl cortdi1ionsclsu¥hE￿. The Sehool oims lo rccruil. Subj￿ ￿ ¢xp¢ri¢nce. ai ihe lower w nxdillm Fmiinl within a b8ts1, wov#lin8 SC￿ for rewthin8 excellence. Deltvuy ofu% Scknl's charitible vision S￿1 putw>se is prim¥ily dtP¥Mlent OD m•n88¢nxni pe￿nnel aThl treD%ES arc Ihc lJrBc%¢£ith8ittJcnKni ofow charil•bl¢ ¢xp)Mliiur The Board of of Chigwdl Mitre ErLterpri5e5 L¢ms*d T¢POrts to the G)vernir¢ Boty. The FIn￿e *)d Propryty Cominillce is r¢wnsible io the￿Ver￿lI)E B￿Y fu reviewin8 rht effecti￿r￿SS of the control ¢nvimr￿ncnl 5eEk5 awrtD¢e$ rrom m4narni on th¢ etreciii'enr4s of ir4¢m•l ¢oNrolK Page 9 CHIGWELL SCHOOL RgpokT OPTHE TRUSrE￿ (COTrITINUED) F•T th*y¢*r ¢￿&￿]1 July2020 Employmetht A#d rtMu*er#tlo* pollry Chi8well Sckool is an equal opporEuniiie5 tmployer INI th2[rfO￿ therr isno dtscrimina1ir￿ bettvcen m2n women or bthwcen rull and part timc workcrs indcc#lin8 the￿ remuncrntion. The remUnerntI￿ of all $iaff. ￿1￿11￿8 key pe¢sc4)neJ. 1$ exh by the fy)vemots' People Commli which Ixakes re¢0M¢)￿la1Ion$ 10 G)vernin8 B(Mty. Basic remunerdlion for mcmb2rsof the leaching thifis based on national *aching scales. Basic remunErniion foT mernbers of ihe Le8dttship TeaTll 1$ ba*d on n*ional lettLknhip scalts. In ￿lI¢jOn ￿ bL%ii pay may rtteive Rewsibility All0￿￿te$ foT significant athjilionaj respMsibiliti¢4 su¢h 0$ for A Hud of Departm￿1. Chi8w¢ll wiJ)ts for *JOiliomal duties of ts less $i6nifJ¢*nl naiute. F¢¢ dts¢ounts ate 81$0 a￿111b1¢ kn eliiiblt staff me4nba5 who ￿￿$¢ to ¢d￿tr th¢ir ¢hi]thts èt thc Sdjool in a¢cordkn¢¢ with itsujnmitrwi ￿ Èttyactin8 •trJ ttt¥inin8 the hi8J*sttalthTete*bets. 1$ not pai ReMw￿rAtion for￿r￿)rt staff i%a8teaf at the timeof 44￿￿th￿￿t aThl isakn reviewcd rnnulllly. Bonuses fort¢a¢hinR and suppon styff gr¢ (Y¢•sion•Jly P•MI gt tIKdix￿Iloft ofthe Gov¢ming B(*ly. With¢n agreed porninet¢rs, the Headmaster di%tretion kn rnakc SM￿]er 8eStllT¢S of thank¥ All ¥*iT￿ ¢rww¥8¢d to belw8 10 an appropria1¢ p¢nsion schcme and MAY opt olli onty by 8ivtiIB ntsti¢t in wriii2¥ St*ttmeMt of A¢counling and RtportinE ReypoR￿s￿t1 Th¢irusE¢¢slwhoaTealwdirworsofChigwell S¢hwl forthepurr￿sts0f¢oth￿lY knw)aTeT¢swDsible foTPTtpawjn￿the Siratekij¢ Rcport. Ihe TnLS¢CC5' AnnuDI Rcp)rt aDd the f￿￿nCilI sthrcJMJts in accotdancc wirh ¥4)lieabk aThd Uniicd Kin8dom AccountiTr8 Slandard5lUnitul Kingdom CKncrally AcceNul AccovntiTr8 PThctKcl. Company law Tffjuif¢5 th¢ rny¢¢5 to prep￿¢ financial srat¢m¢nL5 for each financial ycar which give a trn¢ and fair view of Ihe 5tyttofaffairs ofthe charitsb￿ wmpany aTrJRrow *Dd th¢ itKomiJ)g regobrces and applicarion of resDurte4 inclLiding the intome and exr￿ilUre, of EhechariiableKrnup for ihat ￿riod. In ik5¢ fthartial the irusietsare required to.. selectsuilabk accountingpJlicie5 and then apply rhem Consi￿en1]Y. observe the Meth￿L% 8nd priT￿lpleS in theCh8riti¢g SORP: ¥r￿k¢ sound jwJ8ements and eslitnares th* aTe [ea5LX￿b]e rrftht: stste whether appljcAble United Kingdom Ac¢(M￿lIng SthNl•rds h•ve folk)wed subiert ts •ny material departu di$¢los¢d aTvJ txplaincd in thc fIn￿¢711 5taternent4 and PTepaTe the finDncial 5ratemtni% w th¢ 8oin8 ¢oJwn t45i8 Wil￿ it ￿ inapww¥te io pttsumt thai the ¢haritabJe Coinp￿Y will ¢Oni]m￿ in opeta¢itin. The tsv$it¢s Y¢swnsiblt (or mini•u)ing prDrrtr acctsunting r￿OrdS which di5ck)SC With reasonable xcurncy ar any tinjt ih¢ financigl poSit￿tt of th¢ ¢h•rityb]e conjpthy the and whi¢h thabie Ihtm lo t[￿rt rhet the fm&nrilll slatements compjy WIEh Ehe Conwi¢s ACE 2(￿. Tr mw¢e¥ ¥¢ 8kn res[￿b￿ foT safegu¥JdiDs the ass￿$ tsf ihe eharitsble compAny Bnd ihe group and bence for thking r¢asonabk s*ps forik pmefjiionandth*¢iion or[rn￿ atyjothet itwlwilie SIAtemettt #i to dlsclosure ofinfornilloTh to *idltors In so (ar as th¢ truMees ayt wart.. lal there is no relevant audir informEEThof Mthich the charirabk comr￿n￿¥ •blitor is un8￿re. Ibl the trusEeCS have tDkeft all Ihd Iky oushi w h•v¢ makr th￿￿￿1¥¢5 awarr ofany relcvani audit inforniaiion ar to esIabl￿ lh￿ ih¢ auditor i¥ owweof thpi intomwiorti Audl¢ori A rr501uTion will bE propDSed ai the Annuol Gencrnl MeeEingth•i HaysmxiniyR LLPbt re4prM)1n￿J *$ a￿lI￿r$ ¢0 the chariiable CoM￿nY for the eMuin8 year in acCorda[￿e with scclion 485 ofihe Comwits Act 2N￿. TheTnwiee$'ATmulll ReFx)rtwts ar4)rovedbytheBollrd OfTrtye¢slinik￿¢apacity￿ wntwby dirtctors)0rt 12 D￿lber 2020 •nd signed 1¢$ behaifby.. C JONES CompArky Setrtl*ry Clerk to the Governors CHIGWELL SCHOOL COT￿LIDATED *fATEMtyfoF FINAhflAL ACTJVITIES PoBe 10 F•f the yMTe•thl 31 J¥ly2•2• Tot 212• Trrt•l 2019 N•1 FMAds £y•• JNCOhlE AF4D ENDOWMEPlfS Irom rh•ril•ble •¢fl￿t￿￿. School fees rectivabic Othcr rduclltiixml An¢11￿ry Ir4rting ilKQm2 Ju23 35• 14s 14319 2A5 24 Trndin8sutrsh4iary i¥n R¢Dl41 inCDm MiGc¢llaneow iw 205 26 28 lTrY¢stllbtttts: InvesltTthi 38 IP•lwntiry SD¥r¢ GrAnis. donatKJnsA￿l J7 465 Tot*1 In¢•n 15$12 IS56J 14847 EXPEP4DITURE Exptndllure n15iNg [￿d Ancll￿rytr￿1lI0 TwAittisuhidi*ryexpeThlit 86 T•tAleApeTrdlbJr¢ •• Tri5iTrE 62 62 gxptndityr¢ ¢h*dtttbie &rtl*llks: tducaticth a￿¢j KrnrrtwkinB 15,1*4 Tot￿ tw¥eAdtt¥re ¥&i?• 15314 bpfDrt l*ve$iTh￿l tr•Trsf¢ 3S2 37 1367) Unrtalistd pins¢n invesDr￿ TtansfersbeDve¢Tr Net ltwndltu￿￿I1CtsMe foribtvv4r 3Si (441 307 MovwtKnt irt sc rtdtTr8deficii 62 f•rtktye*r F￿￿1bal￿ce5￿j£hl fotw4¢ I 2019 2• Z432• 24.517 b*l•nce5tsrrf¢i f•*w*vd at 31 Jul). 20 731 1&565 24,220 Alla¢¢iviiK% derive All8*>n%and rrcoBnllcd llLthe o[FiA￿lI1 Aciiviii Dctsilsoflhr r￿U￿bYfUTrdi￿￿￿D t¢ in CHIGWgLL $CH￿L BALANCE SHEblS *[ 31 J•ly 2•20 Puge 11 Gr•¥ ChArf N•t¢s 2020 2019 202• 2019 FIAed *sit¢* Schwl b￿1￿j1￿1$ ITMJ t¥Jiv￿Al Inve5Dymi15 21.jr 22155 22,1 95 149 22.194 ,iso 22.195 Currrni*Sfo¢s SiLKk5 D¢b CLShknddt￿Y1lts 19 338 26 16 161 4J13 4343 4530 4.446 Cyrr•llt ￿¥bIlITIE$ CitditorSpA￿bIÈmth1ft￿t > 12.D)91 241 N¢iturrtyt •s*¢ts 2521 2J36 2520 24.715 24.715 LonK4*rrn UablUtI cr Ne1•551ts 24220 24J65 24220 ReprtteAted by: Ulresirlcted fu•d5 t>¢5i8naied furyjs Gon¢ral s¢1￿1 20 20 U79 18J57 12•4) 2,335 18.250 1242) I￿7> 18J57 2JJ5 18.250 147J2 20343 21.7J2 20.343 Re51Tlrled fvwd5 20 47 47 20 J,170 716 3.870 Toi*l 24J65 24220 24365 242•0 StAtemtni otChA Nw inroiiK ofThEcharily forihc J45 {2971 Theso 121)xqthr 2020￿ 5iBnEd I￿7r Lyhaifby. Mi R Serrell Dlrrtt Chalrof ihe GDverAlTr¥ Body c•m￿nY rry551r•ilDn n¥mbEr.' 0S84610S(EryknThd & W*lES) CHIGWEiLSCHOOL CONSOUDATED CASH FtDwsfATgMEKr Fwibty¢*r¢thd3J J*ty 202• PaBe 12 Not 2020 £YJD• 2019 1019 LNO 13671 D¢prciaLion chJr8eS Dt¢ttose in Mock5 1lnrrrl￿"Yt￿<1ethr irtd¢i4tys Increa￿ iThcrediTI>s Mov¢mention4dTrAnce fee5 Moven￿This 16 17&19 18 17&l9 1117) 72 184) N¢t tAsh IAnbw fr•w optrailDD5 IJ6 C*sh fl•%v frDiII iilve1tin8*¢tiv￿&ts 5ehts)J building5 4￿j wyip]WDt 1522) IS221 knk and in knd 1131 Juty2020 CDshil ￿￿kind in It l Awst 2019 4J69 (4JM) 4JJ3 Nei cash iifltyWlr•￿ll￿w} 236 In¢rc&*iDecr¢oseTr I￿ ¢1sh >**T 136 {431} Mr*¥eJMni in ￿tI fiYA%in the )T Nei Yj￿￿5* l A￿￿*2019 Net xrpkn it31 J¥lyl 4.333 I￿1$ 4)33 ft¥Mprtofth¢5t fmxl1ls￿￿￿ CHIGWELLSCHOOL NOTESTOTHZ FINANCIALSTATLMEPITS Fortht yeat e•ded 31 J¥ly 1020 Pay 13 pDM¢l Th¢ foli0wingAccOu￿tJ￿8 ￿￿.£1£% lthvE l*en 4yl*J dt4tin8f•ith *thith ar¢a￿SIdEred r¢WioD io the School* fin*nci&l ￿liety￿￿. al ofprep4rw¢lo Pr&dicc for charitA￿(so%P 2015}IStcthMI EdilHYI tffttiilt l knuary2o19)4￿J Fmintial Re￿1￿8 sta￿rd 102. auyyll Sthol OfaW￿￿￿*fll rni￿y u*TrRS 102. Tht fi￿¢1￿ #*tet*aredrM up M the h￿Or1￿1 ¢tsT bagix ofat¢￿tt￿n￿ ¥ bythE T¢¥*hA¢K￿ htbj ts fixed which rmrkci Yil¥ MYJ th(rt hrtd and bJibJin8S wbiehwere ￿lI￿cd io 1939{Kd¢ 131 b} PreparAIi•D •f rheiteD•nts41Tr • bM15 HAvirtg revivwtsi the fimdsnl knlities Ivaihbk io the Scknol ¢cyhtrwith ihe oypected 0Th80in8 knind for places end the SchoDi'5 fuwre proieaed ¢uh &verrw4 have a re￿11b￿ exre(w￿￿ ih* ihe S¢W r¢5wrc¢$ 10 ¢onlinve it5 A¢livil￿$ for tly flllutr. TriT ￿¥1￿￿ Pxent￿ of thc eo[ona￿ru1 [￿￿dern￿ artd tht possibility of futute heal icm* liveg imFwton operntingrtt￿Il t￿￿￿[iN¢￿ar￿ llE•i%%ty.*hJKW￿ bwtyi¢*llywckng¢5 bknT br¢n rewwed. The Srknl evaiw¢s lh¢ nccd debt FY0V￿C￿ * cxh Tqming date. The ￿￿or$ r&£￿￿1108 ￿lEY is th wido aBain51 $￿tIf￿ dEbts￿ Ibe Y￿re￿I yftLrd¢duuing s¢huknhip WJ rAhEf M¥51iN5 w¥ttdby the Sckd.. these we ree0￿1$¢d in ￿11 ith i￿5*Ar in which lheyare receivable. . 1hnst￿nSSubJea ￿ specif% wi5ksofthe dcfKrfsareurried tothCttlm￿ tt#Mcted fuLth. . In¢OT￿ fTWll a￿lI￿ry trxling athivitiu il recowL￿d •5 ¢4rned. Ancil*tr4diT* of fatdiits frtt of EhArgc or al & Tcduccd rntc to ￿1￿]￿5 aNi kn71 C￿lty orwiw¢¢Jns ¢thwin8 the YUT. eakulated cth the b&%iS of the fore8one sMTrJ#rd eharyes. . Govtrnn*Trl r¢vCttllc a5Jsv*Iv5i50yth¢ Scknl r¢tO￿lI￿ the￿￿ted cosis kn . Inv¢51rnent iD¢tyf¢ on a CHICWELL5CHOOL IKITESTOThE ￿NANcIAL5rATEH￿P¥ts (CONTINUED) F•r ik¢yttreAthd 31 J*ly ￿21 Pagz 14 D D••aitd Whtlt s¢r¥ices And ewir*mit th•t ncqwffjliv tep¥Eha￿d fw ￿ Wwx)l% ¥e prnvi￿ u) the Ihi%¢xpeTrlfftire is iKJuded in ih¢ riwi￿ atthr<5titNtedv4h*of thtcomn￿￿￿•￿theth￿ty. ExpElldlturt EX￿￿J11￿rt Lq recwistd as a lithlily is di%¢O¥A*d FJr kngeT lenD bthililits a￿le#￿te. Ex￿ndItI1￿ is cla￿•￿¢d￿￿ the T￿￿￿$¥￿1¥1￿ hradi . ¢X￿￿1￿¢ US4Xi*d *ithts*Chirswtlf￿*￿ ￿l¥iD8$1￿d ttpripnenl wthv2ken to further h) Lc•Ks And pvr¢hw¢ ¢p*tr*t T￿giNe fuvd hwe (wt￿5 Irt Lw¢•ltsed ai 4r• t￿lM￿d fwr v4lw at thc Jit¢ of inception of eKh lexe or The fwAthtt Ch*1￿ *llouty41￿ ihe valiy 15 wb5tanliAIty le55 the prtsthl VAiue fu insurnKc pwFrt¥s¢k dcprecW￿ of th¢ LINI ￿ ￿lIdin8$ is mède. wiih ih¢ pIM S[￿1￿8 faEilitiU 4TrJ fix1ur￿ fitimy •NJcww *c ¥pta*ly ithniifio14¢ w¥J or¢ hav¢ a r￿lIE life. An Im￿lM￿n¢ Ist￿dL￿ted anrwally. In1b￿c% Indjvidual of eqyi¥wt over ￿2,￿ 4Yt capLtslised Lths atE 4r¢ included ITr ibr r¢kn¢ cxrKndiiurt ftt Ihc >rar. in whith *rc cwsed. All equiFffKffii pwclwrs ￿lOW £2,(MMI Aft DtrttciatiM on eqU4￿m rA pro¥ithd Oll C(￿. k4seMiD*4J r¢5vknI b*t¥J WLtMrieM Dff thÈ *s*t I equal US¢￿1 life.as follo￿. SIwA￿lIf￿¢ Compuierewi I) VIAAxl*l Tk School oDly ha5 fIn￿l￿ &55ets arml fm•bKiil lithlllie5 of i kuvl lh* gulify 45 bbsic rtnI￿al i1151rnni*)i6. tslls￿ firwciAI jn#ryiT¢Thts, incluthng oTrd oth(g d¢trAQn Ind crEdikn4 art ￿lI1•1]y￿pu1￿ ￿ tsuA¢iitin ¥*lot Imd swtvqwtly ￿￿su[ed Al th¢irs¢iilLThnt valuc. ILI Littd invewmtnts wc ofbL%¥ iVAn￿1 and the Cor￿¥￿￿ fJtsanci*l 41 Worktt Y￿U¢ at Ihe ball￿¢ shett d￿￿ The Sth*mii AthVilie5 J* VI￿ •Al5￿g ￿ ￿￿￿*11<9nS througknui the)ear. Re4lised gains bsses iTr¥estrrtnts att teM¢¢n ￿1(5 pKeed5 •ThJ their th¢iT Pknr¢ if¥quirtd subsewni the fu5t day of iht financrdl 5¢ar. Ufftr¢aI￿ yin54nd are aylhr differtnc¢ bciwc¢n the flir va￿e at ih¢ )rdr c￿1 thtir R￿11￿ *d uATC4lix¥J ipvg¥Dwi 84th$ 4nd lts%scB arc wrknintd kn t OfFlnanrk￿ A¢tLVili¢%. CHlCWELLSCHCK)L NOTES TOTHE FINANCIAL STATEMENTS IcoffflNUED) Forthe yeareHded31 J¥ly 102• Page15 ) D*btor4 Fee ond oiher de￿015 4Y¢ recoAnurd * the Why￿y(0￿￿55W OfTe￿i. PJvrA)7rtnts art Y4lv¢d al nEidany￿dt th￿￿rA$d *) C•sh dtwx Ctsh i* *&ddw"ii￿￿ MibbAnkx incbJdec*th4ndbi8htyJiwbJth4t*rmin¥uinMts. pl CrodltOE*Aad Credigors ind Ttwiged whtsttht g¢kni PAS a Ttwliihg psg e¥thi thÈi Will [￿￿blY resuli tn iht thsferof a ¢hirdTffj.￿d the #m(￿$￿t ¢osetykikobliytiwun reliabjy. Creditornird proyi3￿n$lrt nonrAIIyTwixd* lknrxtylen￿l wrw. Full details or thetwoxhernEsare wv ExwndiI￿rt IAi*n8 fth 62 N¢t 34S {297) T(Aal t￿m￿Td 14J20 24,517 Tot•l forw•rd 24220 ReprESElbled by: fwJd* Restncied itKoMe funds 2l73J 20,34] 1796 3.870 2&S65 24.220 •) S¢*ool leos rttelvalAe C￿SchOol fte5 15J)7 f1.6J51 {1.74Jl 14J2J 14,In 47 14523 toio). burs￿¢% sclidar%hl￿ 8nd Ot￿ wtrt 230 (201?. 2321 ThE viILX of nthn5.1es￿d tr*JrsArses £839.585 12019." £772.96BI *¥J powdtd ass*￿ to 50 Fwls (2019.. 531. 23 1201*. 17) be￿rit￿j from a ful i59w offtts. st￿￿ tri￿1n￿orhtr wpil r￿1￿leS 220 65 2RS (no* 7). cIEicwgLL SCHOOL NOTES TOTHE F1NANCIALSTATEMENTS (coNfiNU￿) FOT Iht yurt•thd31 Iwly2020 Puge 17 2•20 2019 £w e) Andlllry irndb¥ In¢•mt ill•ryThlingirK0￿r￿yj￿thcCoffteS￿V￿JR1jIrdorl￿j￿ed rnkuseoffxiiiiiek Pr0fityWegcrn￿IAS folhvrt.. 24 CoEtof 53ks.' PyT¢h•¥¢4 mcludingirryinr¢Dt Oifted or ttduced tak ustoffaciliiil (6} The volue offocilill￿ wo*ided of dw8e OT4t a t¢dL*cd rn¢ ¢lthity tysiniwioDs. gsvtrowd £6.11812019.. £12.6911. has been bKlud¢d th liitDtsrtt Caknikid w ibE ofthE ththrdcknrBCS. Thc rcknkxi and ¢hay of£6.188 (2019.. £12ffi95) ￿4￿ Aknr. IKorne fronb Dtherwwre •) Trndln£spJb51dknry The wknlly owrtcd trndthg Suknhliary, Chigwcll hirr5 rtr¢ Srhwf5 spcqts and rthr faci11iics. A synumry of Ihe tt74Jin8 fc¢the >taris skniThbeb)w.' Turnover 205 CoAiof slllr5 Admilllsirati￿cCffj .Chi8well Schx4 -¢xt¢rn•l {47 iingpror l4 recwvabk 51nvlor iTm Oth¢r Ptofrt f¢tth¢>%•r D￿lEth ynOprGift A41 wCh1￿clI5¢hc￿l {40) 160) Ntlprtsfit bl ReTht￿ IKoa￿tro￿ ththlTr•fJ*lld b•lldlD Swff 4ffommodAii¢ Music peiirAtsii¢S. t(A)mkne 15 28 26 In*rEMon la*4fid un￿h* ftes ExtrA￿Ur￿CU￿rclll￿ sU￿ry CHIGWELL SCHOOL r40TLSTOThE FINAF4CIALsfATEMENTS (coffflNUED} FwtheytAre•dtd 31 J•ly 20 P48e 18 10t41 i•z• Tot41 2019 from11s￿ B￿k der￿￿1t int*tsiYttth%alt 29 19 38 GrArt&d•Tri110Tr5 •pd lryvks GmrnllltAt Ertbts Job Rcgeniim (JRSI inc￿¢ R¢tail. lI￿NIalitY￿r￿L L¢L$￿t wnl illci 25 42• IlwtioDy lryx¢i Schoknhip and fv ch￿ilY fUTrJra￿lTh8 ¢v¢ Tot*ld•#*ilDM•nd 37 45 421 37 465 CT0]I FWIMI foll bylbt S¢knL to piw]I acctyJnlin8perioth hAVt Ihertf¥Jre t¢cft M. D•ll*llDAi a*d Itw Tkne 5¢knDI retti¥¢5￿ frOMthe(￿ L(*¢kn**d#thÈ Pt￿￿ FuAd{nNe 201. A Yestyicicd B￿r5￿F￿￿1 Ittit￿ted in tLrwrwenr ITar. ill*Ddtd IDc•liT￿i1hC ex1￿1n￿deSi￿a￿J F￿￿1 It Frivd5bfChi8*rll w11￿)￿Or£I)dO for• HuYftyih¢ Prwcpscknl. Chariiy fundraising abJ¥c wKcsent ra￿ by Schth PL¥i&. Fa￿LI ahd staff durillg pr, vaTio￿*than￿￿e cw•. The5Edi¢AribJiiti￿% Ire inclth Weifuecthsl￿e7 CHIGWELLSCMOOL NOTESTOTHE FINAP•CIALSTAT8MEF4TS (CONTJNUED) Fotthtyt*r ¢•th131 J*ty 2010 Pall¢ 19 An11)￿$01 eipendEtKre Other Tothi 202• Totil 2019 te 13) £'o•o C•sii ofritsSnR An¢tllwytr•dIng¢xpw￿L0UE TYodiNggJbsidiaryexpe￿l1￿rt ss Toial ¢oih 62 Chtrlilbk tAptfidlt¥Yt TeKhin8 Welfi 7￿42 1.990 J,127 28 54 2,369 lJ15 1.749 Firtance Costs 37 37 sup[￿ cok1s￿ gtyvcrn*rt¢ Ih5• lJ73 Tvl•lrharilibk ¢Aprvdllprr 9J14 147 S7JJ IS,194 Totilexpendlt* l67 S77$ 1&256 (kd in gr￿￿ 4w•rth •NJrfflzes is £nil (2019.. £46.5831 rthin8 th¥wh rtsthetcd funds InDk 20). (knTn3nf¢ ¢0¥5 ￿E74.41912019.. r19.98n rew￿leX￿1￿ith Ihe ofth¢ ¢hiryry)nd it5 assw$ And Èrt wiiLlnly L*mit¢d wnh Con￿￿li(￿l I￿1 TwulIe￿￿ni* The chuiiy trustees wtre neiikn ¥Aid fttrr rttCl￿d any other ￿￿er11$ f¢#m Ihe Seh(KJl Or ils 5llbRdiary In thc Iw (201*. £n>lX INX w¢r¢ th¢y r¢imhuxd expeDses thriTr8 ihe Iw (2019.. nil). Nocharity iTwee Tec￿t akndmtmbuTcwc￿n1a￿Vr￿ ID Iyee how ¢he diKrirninpiions WI￿ bE 1rjrtd￿d. A w•5 by th¢ 16 July 2020. ADd 10 resp￿[￿{1) I I Iklobcr 2020. TPS i% sub￿cl m51 cap #) WfALU tsxFd)y5 Ag•iO# ITr costs. The thief Se￿WY y) Tteaw. ID 2O1A annLWtd thtrt W￿￿] be a review ofth& Cap trKrkni5nk in J￿￿lry 2019 onl￿lInced a pust to ¢(ffjt tw nY¢hJniMn tht Court of AFFHI'S n)1Th8 )Th the McCknWSAf8euffti c￿ and unlil IhtT* ￿ cert*Sfily 4broJi the 10 April 2015 ￿￿ltd* The rAuse lJfteJ in July 2020 tht Bo¥wnmem is pIrW￿810￿X￿JÈie theLNie￿lr￿ elEvwofthe 2016 ￿eXpe￿¢0 tDbE r¥xwlekd in 20!1. In Wi¢w￿t￿ d*sir*tht 31 M*th 2016Aauvl￿ Jtt thi%sxenAfK*.a pcpttd wilb kntftsAtrJwiMWy revwju￿l<￿L4W0jtyj dir[￿¢￿ Tew Ihan lhosecon1xiL￿ IEI ¢kA¢ll￿rial Until 1￿corAha7￿ tyl thec(Atwrrt¢hawign it P05siblB (mAny fimncbil irbwi ty fllturt hJnses ￿ thc ttsntributK￿ r*sor￿￿ts formyxkjrt1ththl￿I i* th¢bJtsJ in these rithincial s&t¢il*Trib. b) The 5choDI *ifoprnciTA*5 ￿ a 5chttt* *knYni4uedtryTpf ReUrtjt￿I If¢4w*rly The Pcn51th￿TASi) ror 115 IIOn4pxhiB8 sts(f. Thi5 15 a arml it wiyilie 10 ideNify assels and lijbilitics ofihe SchEmrvknth ThtSe1￿I qIwih¢r¢f￿tX￿U￿5krthIs xhryr¢¥ if iiwtyt #defsncd schen%. Th¢ ￿li0Th ¢h￿ for ihc c(mInb￿l￿ffi ￿T￿r Rairets￿ ￿11(￿% vfE195,523 {2019.. £1¥6.598) piu5 tkfKit Conthtrwiion rAiituts ofÉ42JJ4 {2019." £41.1261 knd Lift rmnirt af£5,867 (2019.. £nilF. At thc year U7.79612019." £27 JODI wa$x¢n￿l wcl olrLYrtribJtKM)S WJ il1isscF￿￿. The SCIÉ￿ Trnsiee c¢nrriryons of ￿ Pkn evtsy ¢I￿tt )YM5. Th¢ of ihtr x¢uario1 ￿￿tiaTr 18 to ihc rw￿1￿8 rANSIti￿ of the Pkn ihc Wilh the p* 5¢rvicc IMbih"t*s t5 ￿ the The1•￿51 r4dl v&lu*tiOM WascurlcdL￿jI 30 5¢wtnthr 2U17. The ￿>￿0[1he Pkn's w¢ts*the val￿11￿ thiewa5 £794.9 ￿lI1￿M tk pl￿.$ Tcchnical ProvJy(x&T (IL. ￿ SCMCt liJbylilip5) wtrt £926.4 Th¢ vkluknn 1hercfts￿ r¢vknt a thortfall of 1SE¢IS cofftw￿ed the ￿u¢ of IL•biliiies ofE131.5 I￿11￿ tquiithi kn a kn*1 of86K. fv Sc￿'s sh*Tt 5honfxll is ¢*i]rnkd 41 30 Styttythr 2020 £197,084. The fvll shDMfall irt of the in thr Plon orihe Han wind1￿% up.ttithNof whKh CHIGWELL SCHOOL NOTESTOTHE FINANCJALSTATEMENTS(CONfiNUED) F•r i￿Y￿re￿d JI Jlty 1020 Paye 21 b) Non4eAth1￿¢ (ttsntkntt¢dl Th¢ prowo¢d Kcovery plon forthe ￿etim)n*te iht dtfKii of additio￿ con1n￿l￿￿E fnmi ttnpknitrs ind iilYeylrf*nl Ttturni oyr a pcriryj from l April 2016 ￿ JO 2025. The addit￿1 cofft1ritr￿tIons PyAbk by Iht Stl>)tsi Amounied w £41,925 for ihe 10 31 M*th 202D", thÈ l A￿1 exh )T4r of 3% ¢oTrwund, allowJn8 for mbcrshipchanM r¢sth in • ¢￿tri￿jI￿Of£43.112 fwthe yt4Tto31 kl*t¢h 2021. Ulth FRS 102, Mynisaticths prticl￿1￿£ in * defNxd bnrfils prTh5Th wilb OD •Brecd defKn turyJin8 wraB8errtnt iii place ATÈ wirtd idÈntify a lithility ts I￿￿ oWiJaiM in their Ihe bL%is Dr¢￿ rJÈi v*iut of def￿1[ rertyEtion ¢o￿tibutiot￿￿lb￿. The PTt5tnt ii c•kts]*d tt* dw¢outrt w¢. is reiwix¢J finwK¢ (ow. dthikd Én the Di*1￿￿1¢ Rryon.. 31 July 202• 31 Juty 2019 £'DOO 31 j￿1) 2018 valueofprovisi 2fM 142 AsgJmwj￿1'. R*e ofdis¢ouni %F¢taMum OA) The diFCoun7 ratrs SI￿ •knT •r¢ Ihe ¢qW￿￿1 r4*5 ￿1¢h. when u*d io dis¢Ount rhe fiJNre recoi'ery plan COTrITibuiMg due, would the s*mE tegJhg ag usin¢ a full AA 1X￿d >i¢lJ curve * di5cuJfsi the i￿ne rtetsv¢ry plats ¢ontribu1￿￿ JI Juty 2020 il¢CL￿Cl￿nl10n ofowin8•nd cl￿￿&[￿0*1￿ Pr•vW•n at 51arrofye•r 242 304 Unwjnd¢i)8of¢he di5cwni fx¢ot Iiniel¢￿ Re.theisbrtDwbi$. ￿n￿rI ofany¢baDgc in Re.i)ie15uMiiertts •amertdn*nLs1o thc In(4Jme cxwdl￿rt iTrwiof Fks 102 Dcficii C1￿¢n￿li￿￿K￿ N¢t irbeome and exptThlithut 1621 PrDs151on Thr elldofyeAr IDI 2020 £'OOD 2019 £YJcN) 10 Movement In tot•l fuldifor Thi5 ￿ 5t•*d ¥ftrrdwsinu'. o￿ty1￿&1￿$e rentals-h1rtofequiK￿￿t Depreciali(￿Ofe1uiP]￿nt. 35WI AuthwrJ' rtsnineratioft forAudil Esia* PTOWtyirS15tt klDwI 89 167 19 135 1.363 E#ate prrw rerAirg £135J78 12019. £IJ63.1(V)) of thc mtsf at￿ WillLlows In OM sch￿1. rt o(an t&*nual wAirnen•nce to￿1*￿8 key ￿lIdIn￿ This Out Niih 4mi Iou14wkntypknsn8￿rn)￿c CHIGWELLSCHWL NOTLSTOThEFINANCIALSTATEMFJ47S(CONTINUED F•t lknyttr e•dtdJl July 2110 Pi8e 22 I l Tr￿￿fer￿ £w•o CME I￿%￿1$ell￿1 F￿d.. CriftAw CME Dithts¢rt*ni Fund.. Buibjiry McaTh54CStcd bur5￿C5 Bu￿ryFUnd T￿en151¥[￿nI Bulkli￿% Fund Exrthdaw rck*%ed NCdiO￿aI in*Fe51w JTrSclthlTr￿￿ %ct• 16) 1.115 ft￿l the ¢vthrllction srths f￿1111￿ L¥f ￿)? chapel,£120.?￿ (201*. £84,948) of wthich reLiied •ThJbJikJiD ¢1 IncWtd in fr￿hOld ¢ndtswn*ni knd PAJiktDw *b)ve ￿￿ebtsed from Sel￿ inconx oM￿1n1)ng 10 £10.955,089 12019.. £10,955Jk89)", thcsc ￿ett arc wholly used fw chwithbk ¥Awr￿Se5 f¢Jrni thc b￿1$ of the loan fr￿￿ gcneral Sthool funth 211. Gr• 2•20 2019 2010 2019 £YJ 14 Inyertmewts Markei valuta¢ i AW 2019 Unrtaliw 86 86 Mark*valueat JI 2020 Hisioric41 31 Juty2020 37 37 37 37 The 5cknol holdg shatts ith the CCtA ch￿i¢ll$ offiel￿ Irjvtsttw FllTrl (COIF) Ind ￿ M&G Group NBTrower Ronge CrA￿￿ I￿￿%￿ment Fund{CharibthJ). b) VNq¥oted WhoUyowr¢dswF6id The SchoDI LWThS the ofthe sb¥e¢¥*tIlAr￿ Millt En￿1￿ linultd. * ¢tswDyi•rated in rhe United 2020 2019 Theassthsand li￿LI111Clofthc￿b￿d￿￿￿ Cumt assets Curwt lia￿111]￿5 68 To￿1 fJ¢tAsseis Awtga* *Artupit*l *ndrtSernW Ch•rtt 2020 .0 2019 2020 2019 £Y) 15 StDr 26 i• 26 Ohl Chi8w¢lli￿CjUb B 21 29 26 16 Debtor4 FEC d¢b￿S Tradt dtbtrrt Sundry dcb PrepAyiments Ir4J4rcn￿ incr 61 331 CHIGWELLSCHWL r40TFSTOTHE FINANCIALsfATEMEP¥IS(CONT114UED) F•rTlt yur¢Ndvd31 J#ly1020 Pa4e 24 ChA 212• 2019 2•20 2019 17 CrEdittsr•1￿llIE￿￿twIth1b0•¢y* Trndecredi Adni1ss￿ dAIOSi 5uM)lier¢rtdiiOIS Ta￿lon aTrJ Social Stturity (hh¢rtrttht¢rs 18 345 2( 194 198 294 I￿17 94J Advancc fccs Inrrtc 111 UIM 1.926 18 Ad¥•ntt fetpivThewts P4Knt$ n¥y pJy Ihc Srw iuilKJn f¢e5 ul *JvarK¢. ellher IhE SthK>T5 fomkl sehcnx. Wn. Ih Jtri of I￿n￿ adva￿ the knTrw4erni JTf W¢tWD* ￿ t¢¢eJy of(tt it4m* As%Un￿￿&thE ￿p1]S ts)r¢emed ytmiln in ihcsdbjd.ad￿￿e f¢cs wil t¢•wb"rda5 tg]knw WithiThtXIt ycaf Bthveen fi￿)￿￿T$ 1&21 1&21 10$ IM7 AdYJnce fEP5 IWÈ 18) AdMI￿￿￿￿eposIL1 105 14R 217 253 217 253 CHICWELLSCHOOL NOTLSTOTHE FINANCIAL STATtMINTS (coKfiNUED) For thEyur rndtd 31 J•ly 2020 P4ge 25 2D Anily515 ofch•vltibltfund5 *1 AN•1y￿S ofuTrreMrltTed Trathth TrAtsfert ottt {nDte 11) 31 J•ly 21J20 £￿0 2019 dtlkit {notr ii) Dt*nittd tYAryFund CME DI5￿1r5emE￿¢ Fw 184D> 245 318 35 1325 (wi) School Amd Pcn5H>ll TV5fi%* l8JSts 1S321 {IS17•) (1216) 18JS7 {204 J4J 15522 20.731 FuDd'. to help prents in uses of f¢rwKi91 hudship io f(orn the of io Atlcnd ChiBwell hwL B￿r￿1?5*re •vJil•bk I l CblE EwJ4.' kn reeeiw6 Ihe Mike Enwges J? ) ￿th)Eb 15 d¢si8nDted for pelldimrr on Tnainiaining and iry¥￿Ing ihe Schc¢fs spffiin8 cthr fxiliiits. In the rllrteni w￿.￿1115 IrAr, £6.468 ea￿￿tked UMrdsll* pusEhL%eofaitx¢knforibp Ihi%bcing u IT￿￿1 msfer ov¢r S ￿NTs iocovcrthe uliimAie dcprecJ•L¢d tAl￿tIf£32)4o. FU￿[.. to rcrcivc funEk frorn th¢ IKI￿lIn8 iT*¢J¢ne. earnwked f¢r SchoDI Siie "t10p￿ill majoT nilinten*￿e ￿￿jEcts. No further w£re earlnvk￿ frw Ihe8JvAI Scknbl FuDd thrin8 tl* year (2019.. £nil) whilt £163,446 tr￿$reNtd ScFthl to tts%%T tts ofrtp*ir5 to Old &hLK¥I rwfand windowJ In(* 10). CHIGweLLSCHOOL P40TI37X)THE FINANCIAL WATEMm{CONTINUED) Fw the yt4r¢lldtd 31 JMly202• Trd8e 26 2D AMl>iliolcharlt•bkf¥Nd5{¢wtlllxdJ b) AAHlythofTtrtrfEttdfu￿ B•l*ht**t JI Juty 201• £,• 1•19 (tsit Jl) {•frte ill holirshlp Gth*rdl Pri2t Fund Tiiii Ptuss Me￿￿￿1 Bw3pry Fu￿j 37 37 47 S¢hulir4hlp prkn*f** Prize Fund TirnPnLS$ Fllnd Bursary Fund Topo¥th*adeMic*nd￿btrpr￿5 tr¥hJ¢¥Tn* TokYoVth•syi￿k Th*mtiti*liA F4yI BuwFtsthl (nott20 •} ED'￿ EuDd'. this r£FlU¢￿t5 a Kpwly Ttti4utiI thwity. its in b*L*n¢e is UnCiKmed by a ￿nin￿8 di[EClir￿ iwK41 bythrChtiTityCo]bWl￿ thm8th¢)wr* r￿1￿￿￿*￿￿]￿￿£74R(2OI￿. UJ)69) frtyD thE Fund. Pm55 ME[￿￿￿￿1 Fwd.. Prizts lte ntrrnMltyTh7wded &lW4rd5 abioxd. No gxh prizrs Awarded t•pu￿￿ in ihe CL¥rwt iur{201g. £5W in total aw4rdtd tslthe tfft¢t6 oftlie C4Yon4vjrus pathnir 114¥tI. Eulld.. No *Sljijo￿l aw4rthd in tht ibis ncwly cyablislKd Fund. Tht £J6J28 rai￿d in doMii(ms sn ihe y¢ar. n¢t of fcth. hts r¢thittd in ofthE Effects of (IK e•r¢mavjru4 puw15'IbilitylDAltthd.(rf¢QhJi¢MC to4ll¢TrJ.IhEkW I Awsl 2•19 JI J¥ly 2020 IAt•Ae EApe•dliv¢ £y• IR•it 11) Ceneral Prbze Fw 94 PermNnt•t t*d•w•LeAIs 5> Toi•lewdTrvAwwlS 12) 3.786 cFJdtswmMi Lwd tMLiidiags wbKh *y4f tk S¢bcd. 8nd ityytythrtnts to ¢ndowcd IAiidAnd bthiklin&% frthibr ukof&wkdr(cfa¢)'wt CHICWELL SCHOOL NOTLSTOTHE FtNANCJALsfATEMETmicoNfiNUED For thyur t￿d￿JA Juty 21Jlfj Poge 27 The neta5teL**t frrfth2varN￿ kAio ltttrr4*•d Net CMrr¢nl •Jwt5 U*bllldt5 £'uoo ToiAI UnreslTklod funth: DEli￿tty1 General fvnd 2579 2J79 ?￿lY (204) (204) 7th2J 20.73J Re￿￿clod hLAdi'. S(￿]￿5h1p indpri%¢ fiy￿S 46 46 ExwdDNc rndownwts PemW￿¢ enthwn*nis 14432 144J2 2•8 Tth*l Thtl*Sfety 22055 24565 The frorn Benernl Seknl fwds ID pemuwi othYn*nrs Jetkny fundll￿ vf cenwn pryerty Assets wholly ot ptsrtiglly Pu￿h3￿d y1t1j5￿8 the kbool¥ incorne fuTrJs. Thmt all Of which *re on pEr￿On￿￿E enthvrKni lllnd or ère imwyertnts to ￿ficd ryvprrtiu. I￿l￿d¢ ynithniifwd rrfoF¢rny ￿li10r¢5 10 IKOTPONiOrt. iogtther ￿1￿ thiifiible prot*rty ddilion$ $inc¢ iKorwaiion and Aitritwtèblt ¢tstrthd bJ￿j ThE is ￿[tr¢st free wilh w Sei rePayn￿¢ Oatt AS il resetsts InteT￿ adjusuTVT5 fK¢e5Wy￿r¢thrthC re￿iVes¢Urtt5of￿th¥mtht fundi 22 Co•trAets *tsd A¢ 31 JuJy2020. fol￿￿¥fin￿ld 2029 £'ooo 2019 £wo 43 t￿¢ underont)*at Dlle beiweeD Ewoand fiv¢)rws bl Capial comDmtththt4 atst1￿ knd in TC5Feci of ¢he Tefurbishtt￿nl of ihe tha￿1. sUb￿an￿Ve tn June 2019. w¢th £120.71V) ofthe eMimiKd Eosti of thE c￿￿1 ￿￿rbl$bUwE exrended at the bIL9￿C sheet Iht tettsaininB 23 Rolaied p*rty trxw¢llo a) Durin8 ih¢ )w. ￿ Sthl rttwved 12019". L59.970) by wty 128.54J 12019.. £41.1491 by wty of rent lis subshli*ry, Cl>iwtU Mjtsr iiwAt¢& • ¢oThwny fornxd t¥ilili¢5 ￿>￿T￿r￿ally. Th coThwydoTrNtes the wholeofits pmfil toik Sekthl. b) There ale Lwts linktd thE Cbigw¢ll Sctrwl &ncrnl Fwd I￿1 Tht aLiBwell Tw wbich are sepwAtely Tey4ered wih the Charity C¢Mm￿Ss￿￿", thtir fmAnCtal *•temtni# il by a lin11￿8 dirE¢tion Is5u•J byihc Ccrfrrfrtsuson. cl Olihe fund5 rnJKd iry WPI￿ thjrity Lk JttT 6k Q.481 <2019.. £1.2501 was donued to chariwbk causes th￿Sh Ihe Griifith5 Charif•bk Th￿¢. a cbarty in wh￿h Mrs H Dixth. wife Dfrrrn Goverrw Mr G Dixon. And the Depuiy HCodm￿Cr (kn azc TtuMEcs. Thv rty¥ woiccti in South¢tn Illd1￿ I￿￿dIng ￿ Tini Pruig Initi￿ed And m•Dwdby ll)TE¥￿￿et0 th¢ mCial￿j ec(rthnic ntt& ofthe INySt th5advaThts￿d people. d) An ornouiii of£20.986 wès ihe wife oea ysyern. corrtrxtrd ¢0 wde futi8rt WiliDA. Ofthi5rnnt £225D wag pid in ih¢perxwJ •fftrihe4yinthMtofihe CHIGWELLSCHOOL F40TFSTOTHE FINAI4CIALSTATEMEP(rs(COPrnNUED) F•r tktye*re•dtdJJ J¥ty 2021) Pisr 28 23 Itolthiod PArty ¢1 Nocb8rityfru*e5Wcrt ￿1n*￿Sed e￿n￿5 dwini thE )ttt1201*. £nilX aNi rffj Gbitity ttUStee received anyeD￿lI￿￿IS ¢r pL￿nCnE professKThl ¢r seryK¢51201g. EJMI% E*rthliiwe ITr tFrt pr tIA*ilK* £16.854 12019.. £22.W61 w inwtted for 24 C0J•￿TIN¥tl*WrlS￿y l*thd iype-lnumt •NdvPr￿I t5trl¢ted EAdDwmeAI 2•19 £.• ANCOMEAND ENiM)IVMEF4TS 11￿￿* ¢h#riiible ￿tIvIt¥￿'. Schwl fttsrEceN&blE (hhcrtatscati(*wI incoi Anulsrytrnthug iw 14219 285 24 14319 285 •ihtY trAdJrqaelhl¢k5: TrJdin¥$vbydiary1￿>vry 205 26 41 2•5 26 41 incon 24 Ib) J5 38 V•luThtllry Dono11￿$9￿1 kg￿7¢$ 24{c) Tot•1 14.843 14047 EXPENDITVRE fA151•gfMnth: Ancillary￿￿7￿￿ cA￿ndItUre T1￿)n8 5thidi•ryurthlitu 24 (¢0 14 (dl 18 Totalexp¢wdlluwE4n f¥ud5 104 EIp*ndlMVe •A c￿rf1•b1E Educli￿ andBTa￿t 24{d) IS￿18 8S R5 15314 Nei li¢fymttMm opern15DTrs bt (Z79) (J67 24{¢) (47) (235) 11221 {359) m￿t￿￿nI Inpe￿i0￿5c1￿￿ fiJndIn8￿Cil 62 62 F4èt fvthdsftsr Iheyur 11971 r(nv4rd * l AVB 201 20516 J.W2 24S17 lTrMlllhttt¢*rrltd forw*rd*t31 Jts12•1• 20J43 3,870 24320 CHIGWELLSCHOOL NOTLSTOTHE FINAliCIAL STATEMENfsicoNnNUKDI ForibeyeAY ended 31 July 2020 Paue 29 24 Com￿rAt￿t fy¥rt5 by fllAdtypt. INt•￿t*￿ti￿nIN1re Ic•HtknK411 b) IlulrJ¢l¢d Tol•l 1019 F¥nd5 £1• Divithdlhozrtli$￿ Bankdep&￿ ￿￿¢s1￿ctiVIbk 3S 35 ei #hd kyctcs TolNI 2019 £'o ForAI S¢holar5hip ind prize fvt Ch￿ty fvndrJi51Tr8¢vents Total 2019 £wo St•lT¢oMJ ikprt¢lNrEo £w• C•￿5 QrrAtskn8fw￿d5 Antiltsrytrnthttg￿pttsth1 Tr¥din8sub￿d1aryexPV￿dlttW¢ 86 T•tsl c•511 of rd151ry 1•4 ChArll•ble tAwditMrt Trnching WeifArt Prrn5B5 Dnd ThainieiiNIK¢ FiilaMCe¢OSts Gr8nu. iiv4rds4nd prizes Supwrt fQsisandBoYrrnarf¢ 452• 7J42 1.990 3.127 13S6 iJ61 46 1021 2J69 TtytAl¢karltibk¢JptDdllwr¢ 171 TtstaI¢xp¢tt￿I*rt l71 12 IS.2l4 t)Trapsfer4 belwetTr Rutrfcled E￿d0￿men1 CME D1sbur5eTr￿I Fwd.. GiftAid CME DisbuT5BnKni F￿d.. Builthn8 M¢Ails.t¢5￿ knrics BuNry Fund rtpkn￿hMe ilding FuryJreintr￿rseMEnI ERptndabLe endMnEnireleJyed Arnotd Feth￿￿J(s*fk Noti￿￿ iMcre# on I￿￿)eS in ScWb*t* (77Jl 14 liJ6Jl {46) CHIGWFILSCHOOL 1407TSTOTIIE FINANCIALSTATEMEN15ICONIINUED) Fortht 31 Jwly2Q2• Po8e 30 25 Com]￿r￿lIve Ilyrn by fv•dt>w-Ai*ly5k •feh*rknblEfwds E4KAdll¥re 3lJll 2019 £Y¥J Tr**5ftYs bb Tr*￿[￿1 £w• De51y*tod Jts8ryFund CME Thsbur5tn*nt B￿1101￿8 FuTrJ 14 59 (77J) {7> IlJ6J} 1071 159 lJ16 453 73 (L143 1335 G¢ll¢T*I se￿01 FuThJ IV15 11&121J 62 5) i•J5• 1242) 20J16 2218 bl AMIy￿s￿rreStr￿1￿ B*lwtt*t 31 JWY 2019 S¢h•lllr* hnd Crtnerdl Priz¢ Fund Fcllows BwwyFw Tim pl￿55 MLTr)rial Futtd {6) (461 ¢) A**tyils r•fendDwmeAI liJMI 31 Juty 19 2•18 smryluj Expeodlthre y1#￿(1015￿) £.• (kneral Priie FvDd AJndd ktllow%J*J￿ry (2) (46) 132 PermllAtntewd0w￿ty A55ets held ￿ ¢n 3.776 3.992 {47} CHIGWEiI SCHOOL NOTESTO THE FINANCIALsfATEMEmlCOPmNUED) F•rthtyt*rt*dtd 31 202• Pa￿￿ 31 26 Co*1￿￿11¥* l*•t¢s by [￿d t￿¢.A￿lY*•f tt¢t tt$14tsb¢i**4¥ IDrer4*ad Ll*blllti £'OOD TDtsI £.• DesiBnatrd fuud5 Cenerdl fvnd U3S 164) 2J35 18250 {2421 7,612 {U31 {142) 1•.955 U71 {495) 20J43 Re5rrF¢ttd fuids.. S¢b0tsrship*￿Iw1tr fw EAdo*ffltnt E¥p¢ndablc cndownmts Pem*ntnt Ill9$5) 3.776 14.488 {10.955) 3*7 2llOO 149S) 2422 Page 32 CHIGIVELL SCHOOL DIRECTORS AND OFFICEKS DIRECTORS Th¢mL5ttt5 wknservcd in offi¢edw*)gth¢jvraThl￿KC the ythTertd wer¢ •5 foll￿.. Ms R Serrelli MA ICh*ir) D MDrri&s BS¢ C￿$ FIET FBCS CITP IVi¢tC1JaiTI Mrs S L AlikerBA MIJA ACMA R W J HowaTd MA J F Cullis MBf BA Msc (Econl N G&mish BSclHIMbsI MBA CMEr FCMI MCSI M J HIEBins A Howat {resigned 30 NDvember 2019) Dr G P thxon MA BMu5 PhD MBAARAM FRCO FRSA FRAS {TCSigncd 07 D￿1b¢r 20191 Mrs k Brctt ACA MTS J M Gwinn BS¢ CtX1Ed Mrs I Pcck BA Rev B Kirtg BA MA Rev C Davi￿ BA M5 M j￿£5 BA (Hons) Mrs P Scn BA {[￿ Hon) MA (Eco H￿) MBA Mr5 M Ragha MA (Cantgb) LLB Mr S A Jjird Mtsccok {ThBned 06 (ktob¢r 2019) {arwin*d 22 JuDe20201 l¥wintrd 26 Junc 20201 SECRETARY Mts C Jones LLB {Ik•sl&bli¢KorJP HEADMASTER M E Punt MA Msc BURSAR J MA FCACTA Chjgwell Schtr)I Chigwtll Essex IG7 (QF Page 33 CHVGWELL SCHOOL AEFERENCE AND ADMINISTRATION CHARITY NUMBER 1115098 COMPANY NUMBER 05846105 PRINCIPAL ADDRESS Chi8well S¢]*M)I Chi8WtII Essex Iffi 6QF AUDITORS Hay5m*intyre LLP 10 (>KcTr Str¢ct Pl¥¢ LondthL EC4R IAG BANKERS HSBC Ballk Pl¢ Page J4 INDEPENDE￿￿AuDlTORS REPORT TO THE MEMBERS ANDTRVSTEES OF CHIGWKLL SCHOOL ICDDtityutdl For tht)*ArtAd¢d 31 July 20Z• Opltylo W¢ have Audited the Con￿]10a¢e4l fin•n¢ia] yat•ttntsof LTh1￿11 SdwJol fty year ended 31 July 2020 which compt75e thc Consolidat¢d Stsicj￿Dl of FinaDci*I Aa1vil￿$, thc CoDsolidatcd ar¥J Company Baléncc SIKds. thr Collsolidaled Cash Now Sfv•t•wit aThl io the finan¢id I￿[￿1]￿8 a Summary of si8nifiunl Kcounling ptslicits Thc fittAnciol rcp)ning fTJTh¢WQTk lh￿ has bten Applied in iheir rntiott i% applieablc and UDit¢d KiDBdo A¢¢ouniin8 St•ndaTd$, including Fina￿1￿1 Rewiith8 Sthndatd 102 The Re￿I￿g &oiJdurdttppltcrtble iii Ilie UK RepriblicoflrelaiAIIUthi*d Kin8dm GerLeTrlly A•ed A￿(M￿ln￿ Prxtictl. ITr ouropiTrHJn. thr fmaiKial ￿al¢•ne￿IS. give a lrne aThJ fair ¥iewofth¢ statr ofthegwo¥&'5 aThlof thvpwn4¢￿1l1blC compAny'5 affaiT5 as M 31 Jllly 2020 and ofthe gTOW'S indpaTent ¢orrwy's w mDW￿l ith SD¢lwJinB tlx income a￿1 exFv¥Jiture. for Ihc ycaT Ih¢n ¢nd¢d: b*v¢ b¢en properly prepared in xrordan¢¢ wilh Unitrd Kingdom CKnernlly A¢¢¢ptrd hwounliDB PrnGlic< #tyl hav¢ prepared in wilh tuWireJ￿t$or th¢ ctyl￿niC5 Aci 2(￿. for Wc conthxi¢d C4Lr gudit in xcrKdance wilh IDlcrr4li(A￿I S￿Ids on Auditin8 IUKI IISAS IUKII and appliL*blt law. Our T￿pot￿sibilItieS u￿r ￿)se srafyjarth are de5cyli￿ m ts A￿rtor'S rcsrrtKLsibililie5 for th¢ Audit of ihe financial st￿en￿ntS ￿lIrI￿OrourrC￿1. Weare ltyj¢p•￿￿IofihcsroUp in TuoYd8ntt with the ethicBI TequirEThents Ih• are relevant loouraudil of the ritt4n¢￿] witmenis inthe UK. in¢l￿J1￿$ th¢FRC's [thic￿ s¢thdrf8ndw¢h&v¢ fuifilkdouTothcreilii¢•l r¢sponsibilitlC5 in accordancc wilh Ihtst rtquifements. We believc Ihat thcludii evidtsKe w¢ havcobtsincd i% 5uFfJ¢i¢nt 4nd pprcgri4ge to Provide a basis forouropthiM_ Co•¢lu51ons relating (veoi*it•n¢tT• We hai'e wthin8 10 T¢POrt in rew of the folIDy￿￿8 ID r¢lkn"on lo th¢ ISA$ (UKI requitr ￿ to rtwl ¢0 YOU wh¢r¢'. the ITU3tee5 use of li￿ 8wg kni5 of irl Ibc rAcpRrntion of ihe financial ￿￿￿￿EntS is no¢ ppropftate.. or Ihe Irusiee5 have disclosed bil ihe finwKi•l $t*trtnts any KienEifiLd ma¢cri*l ¥n¢cnAiniK5 ihal may ¢1 Sl8mificant doubt about IhE8TOW'sorih¢parentcharitabletOJWy'5ability kncontiDueto￿￿ ihe 8oin8concern b45i$of ac¢ouniing lori puiod oral It¥M t*xlv¢nM)nts ftDm financial 5talem¢ntsare aiithoriscd lor Ot*ér irtlonb*tlon ThE Iwusitts are ttstth5ible fur the othu 1nfornwl￿. The otlKF infomww coryii5es the iTrfomwiion included in the Trus*es' Annual ReporL ￿rOp￿Trion0￿thtr fin*¢ia15rAiementsthe5WtCOVCTth¢oth¢rinformatK)n cx¢ept ioth¢¢xi¢nl oth¥wi* ¢xplicitly s¢#*d (xlr rer*)rt. wedo m EXWBSS¥Dy DfassuTallCC Cortlusion lhertt￿. In cc¢mection with our audit of Ik finan¢ial ourTe5p)nsibility ￿ to Ihe fAhcr informEtson arf in doing $0. COll5ider whether ihe other inlonMIiLX) is JbLgierially iKonsisle4th wlth th¢ financial STa￿me￿¢S or our knowledge oblailled i tht audit or oihenwise $pp¢ars w be materially miss¥ttd. Ir we HIEnlify such ma¢¢riAI i￿onSiste4￿leS or 8ppar¢nt mdierial mi&siaI¢m¢n￿ we arc requi￿d 10 thtnhinc whethertheTE 1$ * matuill mi5swemenl in the f*nattEial Sthlemen15 Dra Iti•t¥ial Ini5st￿ement of ih¢ oth¢r informaiion. If, based o* the ￿Nk we have wf0M￿ we conclude Ih*i thert is a material mi55wemenl of lh￿ otker Infw￿l0￿. we are wuirtdto tepirt that fxt. Wt hv¢wthin8 tOTE￿rt in th￿￿&th. OplnloNsoN olhtr m*iters PTestribtd by tht Cowpnk¥ Act 2(￿6 ID ouropinion, b￿d on the work uth1akty) ￿ the C¢Mbrse of theaudii: itkforniation Biv¢fL ill the T￿￿te¢s. Annwl Rer￿ (whi¢h iKorwaEes the 5¢Trle8i¢ rewi ￿ the diTeclors' rqK)rtl for the fIna￿la1 year for which thE fin•n¢l￿ are prep8T¢d is consistent Mih lh¢ fInB￿lHI giai¢twis,' aTrd thc Tru5tets' Anrtv•l R¢rAWE (whKh ibe T4￿ ikditecthrs" rel￿) ha5 b¢tn wtpaTed in rdan¢e with 4pplic&blt legg1 xeqyirern¢nL Page 35 INDEPENDENfAUDITOR'S REPORTTOTHE MEMBERS AND TRUSTKES OF CHIGIVELL SCHOOL ICorttsTrued) For tht ye•r tDded 31 July 2020 MAtlers oll wbltlL We req￿red th report by ¢i¢¢pth In Ihe lighi of ihe knowledge and unders1&￿ting ofth¢ and thepam>i charitsble eoTryny 8NI ils ¢nvitonnKnt obtsined IR routsc of th¢ audil. w¢ hpv¢ not id(*tificd maicrial Missia￿rnents in the TTU%tecs' Atthual W Iwh>th th¢orporatts th¢ strategic reJx)rt aThl the dirtt¢ors' ttportl. Wt have nothin810 re￿)rt fftleS￿Ofthe foliowin8mDtt¢rsiDr¢lationto whidLthpCornpxnlesAu21￿$re4llirt$us￿F￿rt yow if. in our opinion.. adtquaie atttsutsiitiB rteord$ have notteen kew by Ihc p•M clwitybk ¢(rfwy. or terurns adcqull* for our a￿li1 hAV¢ not b¢¢n rtteivd fTom brn￿hES noi Yt5itedbyu5: OT Lh¢ pareni chiriitble company financial sraierr*nEs arE TK)l in with the #Co￿1¢A￿Ter0th attd reiums., or cemin disclogJJts of in￿tte$. Jttruu*rniion Wif￿bY •r¢ made: or we have Teeesved th¢ ￿r¢￿tion ¢xplanBEtons w¢ r¢qur for OUT adit. Rt4Jonslbllltks ofirusitts f•r ihe #•itmeDIs As explained inott fvlly in the iru5te¢$' r¢srA)nsibiliiies SEBieJnent ser out on page 8. the Iru5tees (WJN) Ire also Ille dI￿r1D[sOf Ih¢ rhariiablc compny for th¢ WIF•5¢5 of ¢omp8my law) w¢ r¢wsibl¢ for lh¢ PTeparntion of ihe finDncial stsiements and for being saiisfLed ihr thry 8ivc a rtue aJKI fail vjcw. ar¥J (or such inlrml WDtro14s th¢ truste¢s tht¢rmirte is tte¢¢sury to t￿bI* th¢ PT¢paration of finAncial starements that aTe frtt from material mis5tarenKnr. whelhErdue ID ftaud or EtroT. In pr¢p4ringthe financ￿& 5tstemcnt& thetrusrtts Irerespon￿Thkf0yaslessinBthE 8w's*ndthepArenr¢hArilabletoThpany'$ abiliry IO¢OftlinUe as a eotKern. dis¢losirJ& as•ppli¢•bl¢. Jtlltws y¢lated kn goinBcanctrn and usiijg ihtLioingconcern b&%15 Of ￿Qu￿1￿8 unles5 the ￿J￿CeS either in*nd w liquidate the 01 the ￿re￿I th￿1¢•ble tonipany or to ceise optraiions. urhave no rtalisiic il¢e¢n•iive bui to do *i. Audltor's responslbllltles for Iht *u< of the I1•￿tIll st*ltment5 Ow obj¢etivts *re ￿ obtaw reasonabl¢ 8ssuran¢¢ abwt wh¢th¢r th¢ financ￿1 stytrmmts •$ a whol¢ ar¢ f￿¢ from m8*ri•l niisstatement, wh¢iher dllt to fraud or error. ￿)d to isslle an awiiror's retx)rt that our (vinion. ReD￿nable 4s5urance 1$ a hi8h level ofagsurart￿ but is nDI aBuAfanttt th￿ an *dit conduded irt accatdartc Mih ISAS IUKI will alvdy% ddcct m*erial missiatemeni when ilex￿ty. Missthr•neDts can arise from ftawl orenorand con$ideTtd mirenal if. individually or in the o¥gregDie, th2y could re&sonably be cxpecred EoinflueJKe Ehe CcorK￿le de¢isionsof uw5 iaken on ih¢ basis &fth¢s¢ fmancsil thiemthtk A fw¢her desciipiion ofour respmsibiliiies for Ibe ￿L￿)I of the fin**ial $thietT￿￿ is localEd on the Financial ReponinB Council's websire at.. Thi1￿..tri or rs .. Thisdt5CriPtion formspfftof our audjtyr's w. Useof our rtporl This It￿rt is made solely to tht ch*rithbl¢ ¢(•mp•nYs m¢mbets. as a i%yty. irt *eordante ￿'1th Chapier 3 of Part 16 orth2 Coinpajkies Act 20Lkn. (￿r au¢tht Work bEcn uTrdertake￿ sothar we miBhi stste to the charithbl¢ ￿MpanY￿ m¢mbcrs thos¢ rnatiers Wel￿ rtquir¢d tostaie to ihtm in an AwlI￿eS and forwotheTKKUP)se. Totht hIle￿ txtenl pmittEd by law. we do Mi tt¢epl OTa55Ume respon5i&'lityto anyo￿01her ihan th2 Ch￿tsbk compally aJMI the thHritsblecompanls m¢m￿r$ Trx)dy. for our work, forthis rwi.or forth¢ opiftwwe bave forn*d. L¢¢ Siokes IS¢nior Sthwiory A￿jI￿rI ForBnd ott b¢hAif0fHay￿jWInlyrt LLP. Siahrtory Awhkns 10 (￿ttn Siy¢¢t Place Londo EC4R IAG DAie.. 17 February 2021