DAUNTSEYS SCHOOL FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2023 Rey$tered C.otnpttny No.. 5872694 Charity No.. 1115638 DAUNTSEYS SCHOOL FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 INDEX P#ge Rep()ri of the Governors 2-17 Repori of thc Au(htor$ 18-20 Cotxsoknd8t¢d Sratemetxt of Fin¥ncial Actiwties 21 Con80bdated CharLry Balance Sheets C.onsoldaicd CR5h Plow Staiemrnt 23 Noies to ihc Consobdated C.a$h F]ow StRtement 24 N(>res to the FJnaThcial S131emeAts 25-40 DAUNTSEVS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 OFFICERS & SENIOR STAFF Chair of Boatd of Govetnots hlrs I l) Nield, BSC. hlBI Head Ma8ter fvtr Nf J t05celles. BA Burs8r hlr J D Davey, NL IEng Ir W F Eth¢lstoA, B.1, ILI, FC,I Appointed 20.02.23 Re￿￿ed 31.12.22 Further Members of the Senior Leadership Te#m ,Ili A S Colhns. IIA .li% .1 J. Jicksun, BA ,¥It D NoblL, tJ%s F..q C'ntijdarjs, BSC Irs R (- Pari. Bi Second .Klaster l)cpuiy Ilcad- P3storsl Dcputy Head- JlcAdcmi Dcpury Head- Head of Lower School Head of HR Reslgncd 31.10.22 Cltrk to the Governors and Company Secretary tr P A Nokes. NL4, TrIPh Address Dauntsey s School 'LSt LiviAgton Dewi.e$ Wilrshire SIK.10 4FII,' Website ww.dauntseys.org E-mail contact info@dAuntseys.o PROFESSIONAL ADVISERS Banket$ lloyds Bank plc 38 I1Arket l)lace Dev17.e W'iitsliire SNIIO IJD Solicitors RiKK Goodman LLP 3 Nlewbtidge Square s￿d0]i SNI IBY Auditots H2yfjfnacintyrc J.l.I) 10 Quccrt Stre¢t Place Londnn EC4R I.4G DAUNTSEYS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2011 GOVERNORS Daui)rsey'$ School ￿ a company re￿$[cred urtder tl)e f.nmpanits Act 2006 Icompaiiv nutnber 58726941. It is a compani hmited b} ￿larI£ltee.. the 12Abthry of tnembers of the cotnpan}' ig Utnjted ro £10 c%ch. It 14 also a le￿stered chALity (thant! Aunibex 1115().381. 'Ilie (iuvernars of D&uAtsey's Scliool ilte the ttustccs of the chatjry, and both tlie directors and tlie tnemberb ol the cofnpany. l)uring the year ￿}ded 31 August 2023 those set%ryng were as follo￿Tr.. NoMEnttled by Tbe illercrrn'Cornp4#) .Ir G W HoiEan. Ntrs E A Light, NLI Ir P J LA>¥h. NL4 Ir l D Parker, BSC, IfBA Btigadier (reid) C. J Rose NL4, BSC, FC,411, FLDSS. IIS,11 Resi￿ed Appointed 09.11.22 01.09.22 Go-OPi¢dby rhe CJfjvgrni#g B4 trs K C. Bruges, IL4 Nlr.4 Buhari, OLY Is S R ChristtaA, BS Ir A R E ChfEorii FCI Ir N J Dvlman, Bsc, NlliICS Nlr.X' B Llhott, KC rr N J q I,"i5k, B,1, ACA Irs J l. (Jreen, B. Ir C. I I dt N knicas, FIRIC.S, 1',.14V Irs V P Ni¢ld, BSC, NIB..I IrSCKOxley Ir I T Thomas, BSC. DNIS Res]￿ed 22.12.22 ,Ippoillted 01.09.22 COMMITTEES Under the ptovisions uf a Scheme of Itanag¢ment and Dele￿I19l1 there atc five commitr¢c5 olthe ￿¥trill11B boLIyy 2s follows.. F'iiixijce and GenerAI P￿￿O$e￿ Cofftfflittec 5tAles. liifr8structuie 3nd,Isseis Committee .4udJt and Risk l.oAitniiiee Educaunn Committcc GovcmAnce, C.rJmpliArtce And Safeguarding Cortunittee Chair iyr I T Thoma% Chair Its C H dc N J.uca Chaii Ils S R Chrjstia Chair Ilr G W. Hoyn Chair Ntr N B E￿"01t The govetning bod} mcers three timcs a )'tat. once each acxdemic tenn. The FinanLe and GenerA] PuToses Commsttce nonnally meets each rerm, the other committcc5 tiieei nt)ce a teim or as ntcessaiy. ,Klost meeungs tike place 81 the schuuL DAUNTSEVS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2011 Inttoduetion The GuvernDr$ prebent rheir #miiial report audited Iinaticial statemeAt5 For the year endcd 31 ,¥ll￿$t 2023 in compuanct with the Lutrenr statutory requiremcrtt9 frir cojnpaiiies Rnd chaiittes and the 4chnnl's fvltmorandum and Atticle¥ of Associatioii. 'L'his repori. rogerh¢r ￿th the prcceding pxge%. It)C()Lyoratcs the infom)ation requtred fur the diieciors, report under the C.omp¥tiie% ilct. Reference and administrative Infotmation D2untsey's School w85 Qtigthally EouAded irt 1543 under the uf ,.Uderman Wdliam Daunrsey and tefourtded, under p Chanty commis.sion schen]e, in 1891. li was Jjicorpuraied on I l July 2006 as a cotnpatij ￿[nIted by guaratitce and tcgLSttied at CollLpanies Huuse, numL)er 5872694. It i¥ Also rey¥rered Ywili the QhRrity ('ommissioIi ujider chguty. iiuinbcr 11 li638. The Governors, PIlSiLip21 executtve oflicers 2nd Ad￿Se[S, to8ethLr wih contacr details, are ￿et out on Ihc prccedjng pttges 2 2nd 3. Governing document 'The school 18 governed hy the 2006,¥femorandum of AssociAtiort and by Ihe 2000 Articles of As8ociallon a5 amended. Governing body The Govemois oEDauntsey'8 Sihuol are iLSted on pa£e 3. 1'he.Irtitlcs of ,IssociahoJi %lloiv Eor a mAxLmum of 18 Ciovemors up to six uf wliutrL be notnJti8ted b3- The .IIerLerÉ' Campaiiy of the C'ity of I ￿nd0ft. Up trj a m2xifftum of 12 oihcr Cuvemurs in4y be co-i)pted b}, the fiill bvArd. Ils at 31 ,{U￿￿t 2023, four CyoYcrnor$ Jre tiatnjnces of the Nlcrcers. Company and deven Govemtsr5 havc been co-apted. C)ne further ljovettior was appoinred with effcct from 28 Scptembu 2023. Captsin T C de C Clay RN nutninated bv the Icrcers, CompAn)'. Recruittneni and ttaxning of Governors New governors are appointed at ffleetitigs of tlie full board. the Case of those namtnated, 2pp(iintmtnts are madc t12.sed (Mi approved nO￿1n￿￿￿￿9. .411 App(>iniineAts are made bAscd on identified needs. t2kn.iig iiito considcrAiion existtng $kJlls on thc goveming body. ,{ furfnAI induction prvgrxmme is in place thich includes wsinng ihe schotsl, bel￿8 proirydcd rekvtht documentatioxi mrctiiig iley govtmor$ 8Jid staff. All governor5 are encrJura8ed tr> attend appropriate $¢tninars And ttaining events. Organisation and managemetkt The Govemors arc l¢gallv re$poAsible fot the overall adtnJtustr2tiDn, management and c¢mtrol of the Khool. In *ccord8n¢e th the 2(M)6 f cheffte tsf IIAnagement and Dele£atsun those resp)JlSibi]ities mairLlv exeiuted through the comfflitttts identified on the prtcedjng paKe. The da>'_to-da}r malia￿me]IT of the 5choul is dtlegated to the I IcAd N.Iaster and Bur.4ar, supported by the Senioi LeAd¥rbhip Team. Tjie HeRd,¥Iasler And F4ur$ar. iogcrlicr uryth sofftc members of the Scnior Lcadetghip Tedrn, Attend tneering8 ol the %overAins body Rnd the varjous coinmittee mcctings. The Flead ,NIAStc¢s ind qeninr 1£8der%hip Tcam'b remuneraiinn is considcted b!. thc goveyniiig body's knd General PurkY)se% Cmtntnitree. -lkne Comniitite's pracijce 1% to consider bcnchmarkang $urveys by vHnou5 organisatioils regarding remulleratinn in indtpendent schools. Recotnmendatiotxs are then tnade to the FLth Board lor a final decisiun. Gtoup &tmctute relaiionship$ The school hag rnvo wholl). owned Aon-charitable subsidiAry compaJiies.' DaiifLt5ey's School Idnterpnses Iamited (Co. No. 029560981 and Jolie Brjse Ljnllted (Lo. No. 3234906). The activjties aiid ttHdiiig pcrfDrmance oEthese cotnpatiies arc rcflected In these fiJiaAiiAI statemcnis. CHARITABLE OBJECTS, AIMS. OBJECTIVES AND ACTIVITIES Charitablt objects The sthool's chAritAble obj.ects &re as Set uut in the &￿[eMOranduTr of AssotLation." "t() adv2nce the education of boy% and 8Jrl b!, Ihe prowsioii OE a dAy Ana/tsi boarthJigTr scliool In UY iieai iKe5t l.avington. And by 2Jicdlary or incidtniAI educRtional Acttvities aiid other AssoLiated acttviues fui the benefir of The comniunity." DAUNTSEY'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 By vtrtue uE8 Charjry Commission scheme datcd 29 ilugu$i 2006 rhe school Also acts as ttustee of D2ut)r8ey School FDundatAott, clidriry Itiumbei 3094801. in111 the administrattnn and maiia&eJntni of tile propernT bel￿]￿]]18 ro that chatiry which consururc$ pertnanent endowment, and12) the adffti0i51r2tt0n tsf sjxicen a550ciared prixe'and otlier fund$. Daunisey SLhool Found2tiorL is the pie-Incvrp()r2tt0n clixtity established in 1891 wheA Daut]lsey'5 Sch()ol wa% refouiided. The petmJJieni endow￿¢￿1 comprise$ the hL%torLC core ol tlie schuul sjie acqwred in 1893-95, the present 51te Df F)aunt$ey Academ), PtitnAry School. artd Ali annual Itnt charge of £2,1]IK) over ceriAin properrxes in the Cl￿, OE L)ndon. ¢auon Dauntsel s School prO￿deS educ#riorL In wc.st l.avtn%toii frjr boys ￿rIS from ages I I to 18 utthsing a tnain $ite xt West L￿V￿grO￿ and the neorby illanot Hnusc estite ar l.iiileioti IJAAell. Objeciives for the year -lThe f(KU5 cr)ritiAu¢s ro puisue ouistaiiding acadttnic achieverncni, the proinniion oFJJidepertdertt lea1x￿ng and sUSt￿til￿g the excepttDn01 levels of pupjl Involvem￿lt Jn extra-curricular activities. Thc sthool 1$ committcd tr) l￿deli¢ll￿ its dccess lurthet fur lh¢ benefit nf the comiTLullity, pariJculAily iii Eespect OE rtkaiaiaincd sectnr pnmAry %clinols And tl)eir pupils. 'I'he school h14 S incrcascd the amount of rirne xnd resnurces tlIAI ir dedjcaies tu partnership acti￿￿tIes wih local prjtnary sihools, as well as seeing an incieAs¢ in thc number r)E loc21 Spfjrts clul)s who make wlai of ichool f2titsiies. School f2cIlJiie$ arc utiknsed fur eduLauonal putP08¢5 by large Aumbers children frnm the UK and 2briMd during the summer hohday penod, when not otherwise needed for its tswn pupils. Grant making policy 1)11Untses s is cnminitted to proinotsng ￿￿rdIng excclltnce in a wde niige of Area8. 'lo cofftpleineiit this, scholii rsknI)s C81) he offcted to pupils wlio demoJibltrAte how tli*r tAlents would betiefir from 5ttidi'iJig 'AI thr ¥il)ool. SLliol,.11sbip$ Are a￿1]21)1¢ ro ftcogiiise ACAdemJc, sPOrt* perf(>riningT Atts and mubic excellcncc qt each point OE entn.. qcholArships ire AWkLded oo a 'nced$ bknnd, l)R%i% prowdin8 Eni a TnAxJiiiiiin fet remissioi) ol up to IQO/ts. 7'he￿ Arc meins-tested biir$8rie5 '.Ivailfible 10 supplement Ihcse 3iv3rd%. TherL i5 211 nbjtctt4-¢ iji the ¥chool's goYerJuiig docuJn¢nt thit Ir shllll, eacli iexr. ai)pl!' 2 suin iio)I less th2n 2/0 of the total amount nE rlic fet$ PA5'al)le in tlie ¥'eAL b!. or iii resp¢cr OE pupJ]s At the ￿h0o1 iii tnliinixiniii& Iiursarie$, bejng rotal 01 partial ¢¥ttnptsons floin rhe px!-Inetit of Iwtitsn Anil uther lees. The Daujltsev's Bursary Scheme is Jntended to XSSl5t In ca8cs where the fce5 are bevood the of a porents81 pupil's pit rcnt5 or guardians. In such iAses, It is the school's ptsb.cy to prrjvjdc IW/o t)ursJneb and it is neces524' fur apphcanrs 10 demonsrrate the inAbilLty to LOtIlEJbuie any leY¢l of fee. Bursanes are aTrttdal)l¢ ro Iliose who mtei oui tninJJThum eLluiAttonal crireria for entry ai)d are sllbiecr 10 fLnRncJ21 re-ev21uatiun every oiher year. Bursarics are also 2vaJ]able for existiii8 pupilb gLveA to 05sisi itt cases sudden, unforeseen 5hurt-r¢rm finanLi nced. Patents or guaid13JlS ilryth x ckn'ld At &cho<)I whose f￿ancIal ctrcumsrances suddenly change apply for a liardship bursaLI. Such award% grc means-te$ted. subjcct lo the availabihty- of lunding and rF'pjcil11!, only provide suppnrr fi)r up lo maximutn of one yeat. The Old Dauntseians, A5$0ciation Bur$afj' Fund alsa pfovlded addityonal bui8drial support to pupjls of rlLe sthi>()I dulln8 2022- 23. VoluthteetS Gavcrnorq greail}r Rpprecjate Ihe help provi(led fiom Old Daunts¢ian$ and thc DAunrsey's School Pareiits, Assocjation ￿1th fundiii$iA8 And other thctsvities throughout the year. Connected and related entities These fjtianaal state(n￿lt4 incorporxte the Tc%ults. assets and b"xbihties ol.. DRwiise) s School EnrerpLises ￿MIttd II tFRdJJig sul)sidJaL} uf Ilie scliool {see noie 31 Joile Btise Limiicd A ItadJA% $ub¥idiAtlT of the school (see iioie 31 DauArsci' Schi)ol Foundation Foll(l￿ryAg incotponiion. the 29 ,lugu%t 2W6 Lhanhp Cotnmis$ioii scheme include$ a LmitiAg dir¢cttort DAUNTSEY'S SCHOOL FINANCIAL STATEMETrirs FOR THE YEAR ENDED 31 AUGUST 2021 ltr following relared eA)tsrJes Iiave Aor been LJicofpoiAred tyi diese fJn2nc221 statementb as iheir acrivitses are nor undet the cont¥ol ol the Governuis (If D3unt$ey's SL'hool.. Dauiit5cy'8 School Parcrtts, Associatioii Daullt$e} Ilcidcmy l)rimary' SchiMIl (now part oEEqua ￿lu]I] .4cademy Trust) The Old DauntseiAIIS' AsqDciaisoJi Bursary Fund The Old DautitS#iaAs Associatson Welfare I'und Tht Old DAunt5eiAAs .4ss(>ciatsoii Publie benefit aims and Atitethded imp*et The Govcming Body, as Ilie chanty tru5tces. h%$ complicd wth the duty ltt $.17 of rhe Chariues .4ct 2011, having hAd due tcgard ro ihc general and relevant sub-sector Charity Cojnmission guLdartce concemit)g the upeiAtion of the PubhL Benefit req￿tel￿ent under thc ChAriuc5.4ct. lji additton to It% kei puTn$¢ OE PrO￿ding # fit%t-clas8 cducorjon tti all pupds, Dauntsev's School J5 totnmitted to making a $ipiilJcaiir #Jid endunAg impact in tcrms of public heAefit. The school's pohcy is to pro￿de aiiess to the school vja a buEsary .4chemc whjch providcs fulli. tunded places for those tho can ooi afEoLd lo ￿￿ke any itsninbuuoj) to the cust of pllvAte education. Through tliJ5 scheme. the school is able io sustasn A genuine oppollunirlr Eor ail tu benefit. 'I'he *ihuol'$ ahiiity to provide guch opporruniuts is constrained by fiAanciJl rtra￿ty whicli in praitice ftieafts t1121 Ji c'an Afford to PrO￿dC up to 21 boarding or day place5 ￿thin the schoL)l. In-year att21t]nient of this Aiin is deiailed 'Acliievetncnt5 And l)erformRnc¢ fnr die Y&u' uAaei the subsecuon 'OpeEatsunal lJerfotmAncr' orl page 7. On A broAdei front, the scliool 15 Cotiiinitted to its Ivider ¢ol¢ ￿thIll tlie cotnmunity by providing incdlary or incidental educauorlal 2ciivJtte$ r)thei R550CIAtcd actiwtie%. Dautitsey'5 h2$ a numbcr ol par￿¢T$￿iPS with local pttm#tTr scliools who n)Ake use of school faciljncs alid staff exptrtise. A morc compl¢t¢ destnpuon of Daunrsey's comnllttnent t￿￿-￿ra5 d¢b"vtriftg public bet]eFit oi) an 0￿going basis. is detajled Thithin 'Achievements and Perfor￿AnCe fui the Year, uiider the llhsectitsA'Comrnunity progThmmes, partnerghip8 pubbc benefit. on page I l. STRATEGIC REPORT Strategfftt review and developJneDt plannxng The 2022-23 yeAr wa5 iinporr#nt for the development of the School's Stratewc P12n 2nd Site Dcvelopmcnr P]0n. which was signed vff iii June 2022. 1)iintig the }car, the 'Cy￿d$-In' yard OA the ptmmeter of thc scliool was completed and planning permjssioii far bxrtiers at The Erortr 8Jid rear cntr2nces of the school weie svbmitted. Once fu]Jy operauon81 these Edijhtieb ￿111 sce Ihc removal f)f the mainnry oEttiffic from thc ccntre of the sehool. In l.larch 2023 rhc School itiittsted the ptoject to move ro the uf vne-to-one devices as ￿Tr of & new d￿￿tal Icarning pro8iatTrime. GreAter use of iechnolvgy iii our clAssruoms leAd 10 ¥ more exLltttig And varird ttacliing pragrAmme, Aloii with berter resulrs. The Schoul also hab 2 teswn¥ibiliry ro %uppurt pupils in dcYLluping Iht skillq they Iwll need in thc world bevond school: flueAiy with information aiid cummuAicAttDiis tc'chntslt)gLes Js cenrr21 rn this aiid will bc 'taught' 8ftd ￿Te3ved into all lessons As well 35 oiher aspects Df the pupA15 cveryday school cxpenence. ,4t Ati individual Icv¢l, pupils cndd have access ro audio notes aiid clips, vjdcv TLcordJngs. picNre$, website5 atid inreracrive educananal &pp$ withjn J Ics$on, and thev be able to wotk motc collat)nraiivcIF ￿ryth each other. The devices wll xlso ttinsfomk the wx! thai work is $ubmitted, maiked And assessed. The focus ill 2022.23 w38 developing the illlrasrtucture to suppoit Ilie progtytnme. netwuik. haiawAre xiid saftware %rJlutsons put itx place to crtabl¢ a smooth Ir2llsittun xt the siarr ol Ihe 2023-24 yeAI. I'he buLcessful completjoii of this woik. alonggidc serling up di￿[￿1 dewce¥ for around 6Th) pupil$, ha5 been a kej fvaiurr of the secaiid half nf the }'eAr. Futt¥rc plans 'I'he School rcwewed its Sirate￿C snd Dcvc]opmenr Plgns tn June 2023. .4ftcr the wicerr0inty' of the iuvd Tr'ea￿ #nd ribing cosrs acra%s all scctots, the12St rwo ycors have llecessi& rjly 8een higher Ilian avera￿ fee rises, there Lb a ¥rroJig desJEe to biiii these Ii5C3 bxck to morc mana8eal)le levtjs. Howtver. lh¢ veri, real possibibry, of a Ll1 bour Government being in puwet by 2025 me%ns that subst2ntial plAnning is going on to look 2t ways of mill￿tillg th¢ impct Of V.lT. The schoolis determined to de]iver a lulfillings adventutUUS dnd inbpittngeducauun foi evety pupil. in A suppnrtive and iiiclu$Jve eiiwtonm¢t)t, $0 that pupjls leave confidenr Jil tlie kniowledKe thAi thei. hAve acliieved tliejr verj, l)est, expciici)ccd all they could DAUNTSEYS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 and are read} lor thcirnextjoumey. Thc school hA5 s unique feel OT ethos, Atid is a supwmive, energetic and creatiie comtnuiiiry tli a strong farnily atmosphcre. Fricnd%hips, gcnerosjty of %pirJt and mutuAI respect r¢311y mArier, And lild￿tIldent minds, #dventurous souls and srj￿81]Y con%ciou5 indiyidugls ihrLVC. The that ￿ryI1 undctpin our StrArewc PIAn ale as folloMT%.' To acliieve sttong piibbL examJrtAuon ￿e￿ULE￿, whjle instillt'ng # life-long love of le2niing, Ihrough exctllciit and innovAtive teacliiiig Tts delivet outsianth.ng p&$iorai care, where every pupil ii nd Staff metnher I$ knowi. v￿lued 2nd reS￿Cted. wl)ere kiIidi)ess, cuurtesi. Compassi￿ and toltrance ait evcr-pre%ent To offer fJtst-cl2s4 tailnred unLversity coreers advice in ordeE tn fjnd Ihe be¥t future for eiih inthvidu 'Ii) pruwde a broad r8Jige L)f Lu-curtjcular acuvitses, which offer adventute, oppotmnities and cliallenge To ensure the school rcmains A benefir to Ihe IOCAI cninmuniiy And l)eTroAd. rlirough offeIing¥ a parthership pr0￿81Thtne, service fee-8$5isred places To chcrjsh and ptotect nur ciivironmciit, while also reduang our c2rixJn loorptirtt l)uring the }'eAI. the Govemoi¥ teviewed tlie boatthng offer fnr pupjlg in the l%t and 2nd I,otffl5 (Years 7 & 81 t(> offer flexi- boardJJig in those yeAf groups. srArting with th¢ 1st Form from Septembcr 2023. I'he CiOV¢tnors rewew the aiins. objettives and plan¥ uf the school Ar regular intervals rhroughout thc ycar. ACHIEVEMENfs AND PERFORMANCE FOR THE YEAR Operational performance .It the end (If the academic vear 2022-23. the pupil roll nufThhered 8711 of whom 530 were d35 pupils and 340 were boatdets 12021.22.. 808, 52313451. The higli level of iftierest in Daurtrsev s cr)lltsnucs in l)c 5U5tained ￿t￿ the school ioll in September 2023 standing at 855 pupils. The pupil roll Is Cortsistent TrRotli the 8chool's Str3te8tc Plan and has Hllowed the.%chotsl ru generate ail operatin% gU￿luS foi ie-IAvesrJnenr An the future. For rhc acadtmic year 2022-2.3. rermly lees for iAtern¥uottal buaLding pupils were £13,515, UK boatdittg pupil% £11,7W xnd dAy pupd% £7.070. l)uring the year, Ihe schvul ptuvided £i89.620 in tespeci of means tested burs3ttcs. This significanily exc¢edcd the objtctive rh¢ $chool'* grjverning documeT)I lo pruvide a JNrtiJnum Df 20/0 of lee8 p#}able for means.rested buisaries. Includjng funding frani oihcr sourcts, A total OE £702.1192 wa5 exFAded ot) bursArieS. A%￿$[anCe was provided to 35 puplls tsf wliotn 21 bcncfited fiom a fidl remissiort of fee5. The (Jovernot5 are Culnt￿tted 10 welLumJAg pupi15 from all financial backgrounds, and the l(K)/o Bursir) Pobcy conrnhutcs to tlie obitctive of M4dening access to the sihuul. Bursai} suppurr oppvrtunjlles atid apphcation procedures arc pubhci$cd rhc school'5 websjle. For existing puptls. cases of sudden, unforeseti) fiiiAncul need justifv assistance Frofn the school. This pnlicy ensurc.9 3tahJlity and cnntiiiuity of eduLatsun for pupi15 sIEeads' attend￿￿ the gLh(iul snd dttnoLlSiraies our comtllltmcftt to a vety. high siaftdard of pa.%toral care for our pupils. Scholfirs1iip% totalknng £471,219 were awarded to 190 pupils. based on dLeir edurauonal metit 2nd pnrenrjal. .Scholar5h1p￿ are 'nccds l)lJnd' and Arc predomit2atel}' Awarded al the ￿l￿t vf eArry. These ale based on acildemtt 2hi]iry evjdenced by exsniillarjon perfonnance or $pecial i#lenl 111 IniisiL, drama aiid spott as evidenced at interriew a¢id audition. Thc ptngre8s of pupxls recei￿ll8 8cholar%hips is reviewed ra en%urc that auurds reM￿tt xpprupllate. Iti additioii, award5 arc mil dc to exi$t%A8 pupjls, ￿PiCall1 at tr2ditt(Ing1 cntry poAnts to tlie school. to recogni5e siyificaiit metti and pr()gE¢ss. Academically the sthool achjeved excellcnt puhlic exxmination tesulrs and 2 tich variery ofexira-curricular Actiwue$ ai)d events were staged. The school ¢onDnued to support local primary schools by providing partne15hip staff rhttsughoul the ye&r. Governors ctsijitnue tu allocate resources tv ma]ntsin and improi'e the $chn(>1'8 eKcelltnt faci]itics. 'Lhe cort5tructioii of a Roods in aiid storage builditig was cufftpleted during the }eat is a kcy pAit of the %traiey to 9top the passage of vchiclc8 through rhc centrc of the cainpus. Other key iAPIt21 developments were the reconthtiorting 2nd pajnnng of the neth311 Aiid resinis courts. the instqllation of solai panels On three more buildingys And a security CCTV upgrade. Academic life The school i£ pr()ud olits xcademjc achicvements Rnd slroii8 rec￿rd of Success Jn natioiial exAlt]]natioAs. The curriculum is broad aiid baliinced, offertAg the oppotliinitty to Study An cxten%Jvt. range of 8ul)iecib. 1£$50ns sre de￿￿ered by speciahst teachers IA # Lhalleng￿l8. sumulating enlryrontneiii rh&it 55 conducivc tn a posIiivc, eninvable leaLYLing expeiieALe for tlit pupjlg. ix'e kttn io prom()te indepeiideiit leamjttg. enablitig pupils to fulfil their poretirixl #nd develop A r2t)ge of ke) skn11s that are felt ru be essenllai iti IAi¢r iLIe. DAUNTSEYYS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2023 The tinictsblt is very flexible at GCSE and A LEvel, which allo￿ pupJ]s die Ereedom olchoice 10 accomffiudAte thcit different intcrests lind opurude$. We have developed our cornplefflentxiy curKiculum thich be￿113 jn thc I,Itsi I'omi. l-his covers topics intluding iurrent alfairs. sn]dy S￿llS, mindfulrtess, criiJLxl tlJJJI￿ng• Jnoiiey fnAARgemcni atid globAI ISSLie5. The ippointment of rwo E4uahty, Diverbiry & InClU￿Ve11ess (LDII Leads IA91 year successfullj taiscd rhe profile ol F.Dl and ha￿ bupported pupJ]% ¥Ad mejnbers of St￿Er tiickliiig areas of uiider-reprc5tntatAon, raising awareness 21id in educAttng Ilie whole $cliorJl cuminunity in this itrLporianr aY¢x. Tti le5% thAA 2 ytArs the school has ulldcrgone An extensiv¢ cxiernal audit QA OUT Altitudes aiid bchxvinur% rawards the 9 protcctcd clJatacitrJsDcs and we have implemcntcd sever31 pupil 5tAff faciAB pty)jccts & 3criiryiJe% whscll have begun to addrcss nur t￿r￿t arcas. Furthcr iniuxtives to prujnute IALial, social a￿d cultural diver￿lty ate now prcscnr Jn tnany areis of the curticulum. The school tv ensure that all pupils leAve the schwl NNith tlie knowledgc and tfJo15 ncedcd to ptcparc thcm for tife JA a tultutally nch and thvtrse society,. The Govemor% Ire commiired tn a ￿]1001 culture where #ny racist or sexist behaviours and nucro-A£gression$ xre Jdejiiified ajid addressed. In additi()n to the 1lcadet]uc subjects of(ered. there are many oppoitunitses fui piipily 10 parrjcipare Jti Jnusical RLtivitlLS. drama producuoJ)s aiid Spo￿ PupLls are alsts encourA£ed to join the numetous clubs aAd societies wliich are a lediurc OE the school. The Lower Schogl Luttiiiilum offets * broad, voried pro8raffttne pro￿ldIng inreresr and Challen￿ fot pupJ19 and dehY¢rs the essenual backgt()und fvr the I/C.(-.£F_ course5 Studied irL IHtcr yexrs. 'lThc three Sciences are laught as sep8r8te th"scip]Jnes and pupils study a range of1&118uRgcs to prDmore Thi% imprjttant arci of the curriculum. 'I'hc CJC.Sl curnculum fai the Fourth atLd Fifth Fomi pupjls is designed ro provide ihe best possible PLepaL?uon fox lile IJI tlie SIxrh Fnrm 2nd heYoAd. wih x frcc choJc¢ gf th￿r optionxl subjects. There ar¢ curnpulsurv core subjects of Engknsh Lxnguage, Engljsh Ljicrarure. Nlathemktics and Science.. iu rhe lattei about 8ty10 of pupils select three sepAiate $cAefties And the remAiiider siud}' for the du21 Award sciettce. There is a ￿de rAnge L)f opuonal subiects frotn wliicli most pupJl4 choose fniit ￿ubJectS but the most 3cademJc inay ch(x)se five. The opuot)s Curr￿11]Y offered ale Att And l)¢sipi. (-lassical l-iTrihsxtion, IAisn. Rcliyous Sruthes, Cortkputing? Design #nd TecliAolfigy? I,tench, GemiAn. £pJnish, Geographytr Ilistory. Drama, ull￿c. Dancc Physiial Educaui>n. 'I'he Sixth liurm curnculum is desJ£ned to provide rhc he4t pos%iblc pieparation bcyond School. Pupils are therefore offered the opportujiity foi brcxdrli i)f study Kwth a frct clLoice of subiccrs as well as toAsider2ble OpportU￿ty. fuE Aiadejnic trtrLchmenr.'I wertry-ei8ht subjects ate offcrcd ai A Level, plus the Extended Projecr Qu8hficAtiun @PQ) in the Lnwer Sixth fnrm. sI￿lF1[ant time As avajlablc lor le￿a￿ng and le&ming. Thi5 UtTlt means that pupils can l)e siretched as Jnuch A5 P05bJble in order to CKplore and l¢am the subject mairer it] real depth oi help less ctsnlideiit pupils tu impiove theit knowledgt 0Jid undcrsianding of the subject matter. -4t.l-l¢veL 138 Uppet Sixtli F()riners 9diieved excellexil rcsiilt% willi 42.7D/ts OF grAde% aUTAided at.l+ or A, and 71.1 at.l* to B. Twtni}'_%eveA) pupjls acliieved All.1* Rii(l .{ grAdes. ()f 138 apphcAiit5 to unii'ersitie.s, con4ervAtf)jLC$, drii ma school or.lrt Fouiidaiion collegts, 941Tr10 wete able 10 tyAke up pl..iies at tlieir cliosen iiiiiTrersittes. uryth 7_?Q/o At thcii fjtm choice ajid 19Q/o At rliejr iesetve choxie. .41 GCSE level, fiii irnpie4sjire 24n/* nl *ll eiirnes ￿'ere At grAdc 9, 47 111 ar 9 to 8 Atid 66 1u at griidcs 9 to 7. Of Il)t 134 Fifth I'otjn pupi15, 13 gAiiied a cleiii sweep of 9 ind 8 gtradts. thilc 34 piipils ickn'ei'ed at Icasi 5tv¢ii 9 to 7 L"Ades. .1cadeffl￿ allLbition dnd intellectual cunosjty are fittrLlv rooted wryihiji ilie school. Rtjd out tiim is to ensure thar au pupils can hieve exainuiatson result5 OE whicli they cali be ju5ulJ2bls' proud. Mental health and well-beittg The %chool reco￿lse5 the import#Ace of helping pupils Trwth their mental healrh and contsiiues to invesi iii the Oli￿li18 pravi%inn of support for pupils a8 thcir needs inLie&5e. Two counstllors prowde exielleni Lonfjdenual service for piipds d $tAff. The level of cow15e]hng provision 1$ kept under regular review to ensure rhai it is ad4uatel> st9ffed to meet rhe nccds of pupil5. The Te¢￿ Tips, wellbeing liub is AV2J121)le for pupils, PRicn15 And Staff. It provide% speci#hst ad￿ce on under%t2nding adolesieIite and creaijng envirosimejits which promotes emoiion21 wellbeing. It cncouragcs reachers, tutots and partnts to work tO￿lher to protnole stTUlig self csreem And emrJtsoJi21 rts]￿encc,. this hclp% ynung pcople to dtvclop self [¢￿1#U0￿ 2nd etnniionRI xwlity io ovcrcome the ch211enges of lifc. ¥leml?er%knp tsf this hub is #Iso extended free UE ihdige to L4wngron School. Careets guid4ttce ell pupils Aftive ai Daunisey's they begLn A plxnned ixreers 8udaJice prograinme thich reflecis the Eact that chtso8lAg career 18 a process and not event. Careers ydaiice be￿AS in the l.L151 Pr)m ils pari OE the C-ampI￿nentXtY C.utriculum Progumme. In the Setond Forn), pupIls have dedscated 5e5bJons In explore liow their curiicul*L xnd exfracurncular acttiryties DAUNTSEY'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 are belping thcm build a varjetv of empltryAbility skdls. 11)ey use CAieei qiiizzes to match rheii intetests to possible caieeis and be￿ll tts explore what roleg in these sector5 invnlve. 'I'his is extended by ltsuknng al STEhl catttrs Ihrtsugyh the AIYS G¢t rr programmc. The general pnnciple5 nf csreec moiiagemei)12re built on JA the Tliird Fortn Imtli a focu5 051 how IIGCSE options relaie io carecr pathways 2nd introduciion to thc u￿lfr￿ de$iin31ion5 platfurm as they progress intu the Upper School. This develops ol'er the folloTrRryng 5?c#rs #a￿(e gwdanct on I.eirel 3 quaknficaiion515uch A LEvel41. work expeiienie and uiiiversiry, Apphclttons. ,Ilreni%iJves fo university. such a£ appL"eniiie5kn"ps gap years. are Al￿0 cunsidered. At all stages and at 2n> rjmc. pupil* and pareiirs are welcumc to discuss idea8 atid cHteei plans ￿th die Schoul's Cate¢is .Idviscr. The Adwser focuscs on ￿tting io knoxv tlic pupils. their srrengihs 31)d weakjiesses ond giixdirtg thetn t(Iwards rhe best uppDrtUAiUe$ available b¢yond school, The DauAtseTr's Ilentor Network ts tx)pulAted h} parcnt5 of pupils, ()Id l)#uniseians and ErJ¢iids of Ihe 8ihD(Il. It pro￿deS a h￿nall resource of iAdimdual%. fram a Mryde rangc of pr()fc$sJan% and industries, who are keett 10 shale th￿r knO￿edge #nd the path taket) to Tc*ch Ihtir career goils curreIit piipils. 'I'he careers ptogjiatntne OF evenis includes 3 SixrlTr Form 'spced netW(Jrknng' ¢vcnr. Ilupi15 Spend time talking ￿1￿ ptofessioAals abour c#reei ihuttes a$ well as the importance of improving Inrerpetsonll sIull% that alfecrs thcii Abiknty lo work thterxit with otEieEs. Culture t DAuAtsey's ev¢Troiie cAn get involved tn music. drama and dancc. BuddiLi8 futuEe professiortxls will peiEurm ieadJy alUng￿de those who sitnply want to get up and 'hAve # go'l l-lje Drama dcpAilfnent provides plentiful opp(IrtuJllues for pupils to d¢siy), dircct And ptrfr)rin In i IALEC nuiiihcr of productioiis, ￿41]C[l atr &fAxed tlii(iuAlioiii tlie %cliool !"ear. The!. rnnge from small swdio pIcccs to full SI)0￿£ atid Inu%ical$. F.xrtx-curiiciilir Acnvjiies offcrcd b!. the drAAi&i d¢paitm¥nt incliide qceiiert design, dance classcs, Ilieiitrical prodiictions,-wund. make-up, stage tnAlI'.i%eineJit xiid bll UE Ilock, Jji the Suinmer ierni. These two shoivs Jjivolvtd more th#A 200 piipIls on rlic st'age. in the slin￿, band% Aiid otclieslra or warkn.iig l)vlii£id tlie sceJi¢s ￿11] Ilie SIAge. ligliting soui)d. Oiher dtatna producti￿1$ during tlie l'ear includcd a numbct of shidjo plA!'% Llltluding 'Ll2s%eii' l)!. JAmc5 Gi'.IhAill iold bi. a srroiig cAsi L>f 20 perfortners Ixom ticross the school. .1 Iicw IIIIIIAtsvt incliided rhc formAtioii af the 140!'s l)AiiCC CoinpAA}-> fe.itunJi£ a sinill L>fL>UP of l)u!'s were keeit danceig #nd 5roged 'De￿[lUM. a AArratiire dance pitcc creAted for aiid liv tlie l)VTrb. Our Speecli & DrainA (L-I¥ID.I qu'.ilifJcauoiil cortriAues to l)ove exccptiotLtil rcsiilrs 21)d piit% oil trAry) ffinta.4tJ perEormAJic¢s dunng the i-eAr. In ENoveinb¢r we h¢J$t oui ￿1]i}Ual Shlffj kespeaie Festi&-d featunng mortologues qnd duoloBues l)!- Ihc Bard to a PAcked-oiii xudienie iwih 'best IJerformAiILe' sliield .aTh Ardd b!- li pxnel of experts. RuiinJi)g c¢Ji)tuuenrt}" ￿7Th 'School of Rock,. Ihc sch()nls ioi) dincerN stAx¥a dil AdAPt2uoJi of Ilie SlierloLk [￿sPIred t)!. the televisioo settcs AIid origjnal honk41 iii ilirjlliiig sind dTri)ainic perloiyniiice in l.. 2. l)aui)tSel' 5 hAS A Stroii8 tnusigi, pupi15 ciii experiment Math conipurtr aided de5JgA dnd compurer numeticall3- toAirnlled manuEilCtuAng pr(Iccq*$ 4uch A3 [ni1￿Li￿ turiijiig, rauJng AIid lasei iiittinR. It Js a subject where problem solblln& plannitig, dci'clopment, commiiiiicaiion xnd prcseiitition come 108erher wIih resrxrch 2nd iiidependeni rhin]uft¥; this Lreates a srrong combJn#tion of sknlls for eTreri'day wnrk and IIEC. DAuwfsEVS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2011 Spott 1)8Utii$e}r s Ritn i5 to piovide 'sport for All, whilst ptsrsuing excellence foi the most talented Jtidjviduals. Eniovmeiii Js es%eikrJal but x150 the need ro hc challeiiyng For all pupils. ,4$ well 2s developjng physic?] s￿￿8 and fitsxegs, PArticip4unn in sport build C(JAfidencc, re5iknence and mcnral toughness. It ￿VeS pupils g r¢21 sense of aihieveinei)r, extends tlieit Icadctship sknlls And teaches thcm thc impotiaAc¢ uf reAmwork and djscipline. The school is proud that our m05t txlenied pupjls procccd on to coutiry. re8yonal Alltional level. The inAlOf Spurts uf rugby. Iiockey, faotball, basketball, cricker, athletics snd tciini$ xit playcd by the Ix)ys and liockcy. nctball. thleti£S. lennjs And ctjcket l)y the girls. .4 thriving txren$Jvt extta-iurricular programrne is 2lso Av￿[￿ble. This 0]Iow5 all pupils the pMriiiiilarl! 21 1st Xl, Uiider 15 Rnd IAndcr 14 Icvel$. 'lThc Under 14 Attball tei1m were Cro￿￿ed Cottnry Champions and they And uut Sensor rtam quthfied Eor the Reyonal Tourn#mcnt$ after ChIistmAs. Oui Arliletes cr)mpeted a£ainst )04 orher schools, deFeating them all, cstabbshjng us the leading school i the.4oiitli IVe%t for athlciic£. and we have seven CounN Cligmpiojis, a$ wdl as plent%, of new school reiL)rds. Both our Ix)ys' and yrl$' leaffls won the Lurro Shjdd at the Yeovil Arerta. the first the eveni was ever run Eor ￿rIs. We had an exciting and excellent 1st xt bov5' hockey rcam and an exccllent 1st VII neiball t¢atn. Our yrls, freest5tle S￿￿Mming reatn achieveLI their first ever medal at the piestig¢¢)us Both ('up lield at tht Londort.4qu#tic Centre. ()ui I4ue%inan reRm ance agaitt excdled at various (￿nPetitionS throughour ihe year. There lias been JAternAtional recogni¢ic>n for individusls in kayaking. ttfle shnnting. ridiAg, athletics. biathlon and duAth1￿1. Ihe 5i£e3ble range olcluhs And societic$ offeL %poft$ clubs thith include acrobics. aTch¢ry* bootcamp. badtninton, basketbAll, clJfnbiJig, k2ya]ung, voga and 7.umba. Adven￿re aetivities The ov¢rarchJAg theme of D#urtisei s approAih to Adventure 2cuviues is foi pupilb to l)e stietched l)eirr)Ad tliei¥ per%onsl comfoil 2(>ne and fli learn w eAcDuntei iisk aiid maii2£e risk in A 5Afcly inx113ged cnntexr. 'Ile rLormal adveniurc curnculum is described further bdLIW. Within a lew weeks of the 51Art of ierm. all I'ir%t Fortn piipils wsit x Ioc21 activity. centie. Brnc8idc in Devizes. This iftvolves an action-packed hvtr-dx}' progratnine r)f aci&vitit$ Including busl) cr&ft, a ropes COLErsc, cbmbii)g ond'The LiEelirte' wliich is a tea l)Lulding and prohlcm-solwng Activity wherc pupi15 follow a trAjI Ic3ding a bbiidfolded team. It is an excellent oppurtunii}' to develnp fiiendships in 2 relaxed, and challen￿ttg tftvironmtiit. Nloonraker8, Ststted over 50 }ear$ ago* ig # weekly Friday afierAooA venture Eor all Third Form piipils, incutporRting a number of outdth)t 2ctiNnii¢s all over the sihuol siie. Ir cultnlliales irL a wtek_loiig camp* duriiigp the summer term. ar the C)umrd Bound Centre In,1￿1￿0Ve},. Wales. Th¢ pEogramme Xb Llebipied to pron)ate the dcYLlopmenr of yOUllR leadet5 tho cart play a EM)siiive role ill society,, Rnd tu teAcli Ihem 10 recusnise hr)W to g¢1 Ihe bcsi (iut OE theTnselvcs Ind othcr indjwduals and, also liow they Lan fostei ieamwotk. 'I'he T'Eek to the Stojies LS a two-day rrck Erom 8ch(>ol to Avcbury for Fourth Fotm pupils wrh an overnight Lamp ar All Cannirtgs. Pupilq plati tlieir aivn rtsute of eithcr 30+, 40+ or 50+ kms. llie pupjls are iin2iiufflpaLILed, It)depeJideAt And CXIVY cvcfj.'IhJn8 theTr necd in thejr rucks2cks. Thty #te respon81ble for tlieir olvn nAvigatJon, c#tnpJtig. cuuking dnd lookiiig alter themselves and othcr menit)ers of the group. The Duke olEdlliburgh'5 Gula Awxrd is rlic leathiig iiiternAiionAII}' Leco￿lISed youth a￿ld. provLdLng oppnrtunJtic$ to enjoy new chAllenges and learn new skills. Wjih five beciiort% ra cntnplete, Ivoluntccriiig, Ilesidcnii21, Skjlls, Ph}sic31 And F.xpeditionl, tlie,Iward is as tnuch About OfEAnssxri()1)21 slulls t]iat piipjls dcvclop os ir i$ abnut the activities they underrakc. Tlie School has moie tharL 700 pupil$ and recent PASt pupi15 tey%lered ￿ryth the D#uAtse} 3 DofB ccntre, 65 of the 6th forni tskjng the 10 DAU￿r5Ey'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Cjold aivatd. This ye)r 19 pupil$ achieved the Gold awatd, with final cxpedition$ taktng place Jn Wiltshite, Y Bannau Bocheijiiog {tlie BT¢cnn Bcatunsl And LryEJ Isnowdonidl Thc DJi7e$ to WestmJn$ier canoe tate is aiinual 125-mile endu￿1¢¢ race over three l￿d a half dxys IA whtth D2unr$cy'8 has been entering tcams sincc 1969. £eveii pair% of l)auAtsey's pupils i¢)L¥k pait tti the race ai Easter. Sadly* the junior race had to be shoricned to RcadiAg this ycardue to very I118h Iliames flow rAtes. ()n rhis ¥hotierted cuurse. finishing on Easter Sarurday lunihtime, our yrls cre1￿ did very ￿￿1[ and clasmtd overall fJr$i and sccoAd positsoji Jn rlie junioi girls race. The Brei(Ins' Cha]lenge is a triathlon evenr for Lower Sixth pupil% in Julie, encr)mpas8ing 2 Ioktn nij) Trmth 85Om 06 Asient, 18km mouJii2in bike ride. before cuniluding an 8km kay2k paddle. I,or A weck folloTrmng the GCSE ex3ffl5. Dauntsey's offers & selecuon of adventutr and bfe-skj'lls coutses which pr()wde I'.ifth Fnrjn pupils ￿th ytiInul2titig And PtrACttiAI leAIAtiiK opportUllLtieb' tiie5- hove pxovcd to be extremel}. populi?r. 'Ihe varinii% aiid diveist course% Jnclude cookL'4'* IUSS LifeRuard IL'AJAinkn Lniergency Fxist,4td and Rescue. adfvetltU￿ acttTritie$ on the Jur2$51C C.oasr, flight scl)00I and ljfc sknlls dL.hvL'red r)n the Btsse Life Sk￿5 course. On successful completion of the COUL4es. some of which incorptsrare 355es%m¢nts, many pupils gain recognised ceitificate% and quaiifLiAtiOll$ for dieir ]Jves beyond Daunisc}'s. The 5chool'8 tall ship. a gaff-tigged pilot ruttcr, rhc Joh¢ Bp7ie, r)Ef¢r5 R full progi?mine ofadvettiuruub Itaining? Al sea. Johe Br¢s¥ 15 a L2t¢8ory O veg5¥1 whicli means that can go allivhcre in thc ThTnrld ar an}. ijmc, s1i1?jeit to ri%k aSqebsmeJit$. .111 pupils spe11d Ar leAst 24 huurs on board Jvhe Bnse either in their Fourth Form or Lower Sixtli. IEihcy enjoy this expetjence, thei¥ ca¥J jr)ili the Sadiiig ilub, wkn'ili has been acuve fot uveE 50 yeats. Nlembers can Sign up foi thc vannu$ cNise% ihi1t Are oji ofler e*cli ycai. Dautitsei s pupilb l)3ve ￿￿lled Jolie Bris¢ aLross the.Itlanuc Ocean six titnes, rhe Bay of Bistay teti titnes and nawg3tcd up ro 2(X) milcs la￿de Ihe.4ruc (-¢tcle. S(>ffle 234,000 nauucal fniles have beett sajied this tentllry. In 2023. a programmc r)f wcck-If>rtg cruLSCS %V2.5 run throughviit the Easter. summer hAlf teLm and summer hobdays. Pupils joining tliese crwscs smled around the coAsral watet5 of %catlAnd. NorwA)> the south coast of EnglAnd, Northern Spaitt France iogether ￿1th some night CLossiiigs OE the Norrh StA. Pupils were able to iomplete Competent Crew dwaids alid rake PArt in the Tsll Ships racijig. The lolit also added funher to her lo£book, Iwili i'ictones Ar the .IssocJaiioJi of qAiI TratsuIig OigAnisatiuii1-4£TO) Ila!'t]oweE 410 Sm?U Shjps Ricc., and thc final T'ill Ships leg fr￿n I,Almr)iitli to La Coruna where the cEew won awatd& ihe I'ouL)gest ctew. Oldesr Boiit and l Ol￿ge￿t.$kSpr¢r alongssde Ill in l-las% gild 1. OveiRII. School trAP5 The school $upport5 R wide variery (>f educRtional And spotung trips throughout rhe }eAI. 2nd th1"5 year was a welcotne rerurn fter two year4 nf covid Lnterruptsoii. The .Spnrring pr()grRmme wss full. wth pre-seR50lI trainiiig raking plaie for r¥bs'. hockey. netball atid crickct. plus a nctball tour ro IV21cs in Fcbruatv. lJnfartunRtely. tht much Arttiiipated Eugbv lout 10 Purtugal had io be postponed due ro air Ir&Efic issues in London. but p12ns are in plAcc for a resclitdultd tuui st Laster. Tjie Jolii agajji ejijoyed a fl￿ pIogramme of ciujses, and both Lowcr School and Upper School skn tnps were enjoyed ljy pupils. The School olfered a broad range of edu￿tiOnal trips to djffcrent plzces ￿￿thIn Fi4urope and beyond, supporung Geogtaphy Icelxnd and Ilotocco. Hist¢)Tr, at the il'estem Fronr, Ftench..£p2nJsh and GtrtnaA IrIp$ and 2 classic¥ ttip tu Greece. Community programme8? partnetship$ and public benefit The school coniirtues to promote accessJbiIstJ' to the ￿ryder coinmLthittr bv provith.ng progtammes ￿illed ar dcvdoping pupil$' confidcAct, comtnunIcAnon ski115, teamwork ilie #bl￿tte5 uf Jnthviduals througli speciab5ed teaching, cnachirtg and Or￿niSed tournAmcnt5. D3unrsey's pArtrtership prngTamnie is led by th¥ Hegd of PALIAeisliips and h85 seen significant gr0￿h the past }re2t, wjth session% prO￿d¢d for MOTC thRn 2,iOO IOCAI il)ilclren wliicli art parti?. funded b! The Ifcicets, Comparty. New partnetships hAve been cst￿171]￿11ed Trver Ihc last year urytlj tiew schools diid also with a boaidet iurEiculutn of parlner5hip5 col'erirtg pro¥ammcs of spnrr. scjcnct, tnaths. dcsign And music. C(iiirJiiued pr()wsioii ￿r uutreach actsvities is planned going f(Irward. One majoi part of rhe pwgtamme uffered is through rhe prowsion of 8pori stS5ioA% across eight local ptiAIAry scliools. WLtII Inore than l.io pupils eich ￿rek. Tile progrAmme is well-estabb5hed and prO￿deS Coiiching sessions for_3n() childrcft iii hrJcke3') tag rugli),. neibAII, sihleiics 4fjJid criikei. These sessioIis culmJAate JA sporiiftg festivals which arc organistd, admJni$rcred, irtd ll b!, Dxuntscy'5 5poIIs SIAII 2nd pupfls wlio xie sttidying for theii Aational Leadership In Sports .4ward quxknfjcxtton, which rtquitrcs a Istge elcment of vtsliinteenAg. 'I'hese festivals take place ar die school and make use 06rhe sporting Facitsiics incluth'ng DAUNTSEYYS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2011 tlie twu Asrro-lutf pitche%, playing fields and the I)%￿li0n. -I'he staff 2nd equipmcrtt thai is required to teach Ihe pupil$. Is prvrrided hy ihe 8chaol. fc5tiv#l is attcndcd bj nver 150 pupils exgcr to show off theit Aewl}' Icqwred skjlls. l)auftt8ty's stxff have als(J hceii ruAning'clubs' for local (￿[dra) to sign up lor- hockey> netbAII and 2rhletics. In coniiinction iih local sports clubs. A majoi highlight is the monthl! tietball tall} 14ryEh Iwenry-bix rearns artendin£ rcgulxrly. and the hosting ptimary school athlettcs evettts on the Dauntsey's tsALk. Beyond sport. oiher Pro￿2￿n￿e5 offered inilude weeklv art and pholo£iRphy, music and scjeiicc se$8ions #s wll a8 matheinauis, desigFn teihnology and OUL w￿d)Snd Rdventure Sessions. The%e PTogtammes 3re hi@)ly regarded by the mAny }ruung ihildrtn Kvho benefjt froin the schemes. The atlf)ual Daunt5ey'¥ Dudecahedwn Competitiun hAs bcen ruiininR in various fom15 for ovcr 30 yesrs. The latest Iniamaiion compnsed teams uf four pupjlè from pninati scliools txking part in a nufftbtt of m#theinauc01 challenKe5 over the course ol a d3yJ iilltli ali ovcrall ￿rtrttr declared snd tiophy prcscftted at the t1￿ of the day. Lxsi Ai3demJc vear, teji teams col￿p£ted on 22 Julie and the overall wnticr8 ivere DAPS from KVe$t LxvingloiJ. In addition to the l)odtcahedrt)n C.ompetitioii, the Daunrscy'5 NL l&thtin2ties dcpartm¢t)i also vJsii8 a number nf locAI PTimxry schools cvery sutnmtr to hold Fun D#}? compctition Thi% cofflpnses Paits of pupils rackling a nutnbcr of hands.on maihemittcal puzzles and challen￿S over a 90-tninuie penod. In the last academic year, ssx pnmao schools were ￿SIted. The design and teihrtol(>gy PArtnership prrjiect involves 8 stafl 2nd ovet 200 pupils from 10 local hools Ovet a two-week penad, thc ycar %ix pupils vJ*t the school and usc computer aided desigrt and computer ojded manuf2ctuie to design and make their clock. The annual danie shtsw wab a hiige siiccess. Llleyrn sclionls 2nd 2iO childicn took parr. IA 2fl24 thts will Dve to two days attd be offered tu a lai%tr group OE schools. 'I'he Jgh¢ Bni¢ piY)vides Iife-changing cxpctiences for pupils from schools and community. gtoups other than Dauntsey's. The pupil% all partscipatc irt thc Joh¢ Rni¢ exFnence 25 t3clL Ctcw mcmber IKlUSt swab the decks, make sll ljnes iurreci, navigare. 5tttr. coi)k, clcan and stoTrv. This expettcncc Prov￿¢5 various challenges for s'oung people to overcome both 211 iiidividuAI ond a team hasis. SubSid￿d arryngetnents remain iIi place for the use of the bwimmjjig wol, the sports hall. Ihe Pa￿￿10￿, scl)ool ground% and other sthool facibtics at ratrs well below commeraal levels for the widet cornmuniry s benefit. 'Ihe pr)r)l aiid liall gre uqed hy a varicry olloc81 clllbs and socjeues. Local piimari. sihuuls access rhe 8￿MinIng the pool tu xchieve rhe NAtionAI Curriculum Swim Targets. Residenrs are ￿Ven the uppuitUnil}' 10 ttiioy the pool facjhties With a meml)ersliIp witli Lqvington S￿￿M Club. Devizes Hockey Club, Devi2es Netball Club and Wurt(In 2nd Cheverell Foniball C_lub continue to 3cces$ the schnnl facdities for weekly club trainings and 1trgu?ue mRtihe5. Wilt¥lvt¢ Crid(et and Wilishire Hockey use the sihool'5 Facilities f()r several caachiiig sessions and tnurnaments. Coiching our$e5 are ruli in the spotts halL and the outduur nets and pirch facjhttes are used to ioacli ?c3dctni playe1.%. .411 tl)e fxcJliiJcs ate proTr-ided at a small charg¢ io Wdtshite Cttckei and Ivdtshire Huikey. Durjng dLe school year. Daunt$ey's welLumes distiThgw¥hed S￿￿ke￿S, covering a ￿de ronge OE tt)pic5, as pail of its ilcrceT%' Lecture PLDgratnme. These are flee. opeti 10 ilie %chuul ioinmunity and general pubknc and Ait well attcrtdcd. £peaker5 dutiAg the vear iiicluded David OIus08a, Zoe B2yhss-Wloiig, Ilev Richard C.oles, Lolin Ingram artd ￿Chara Bttswtxing. DAutitse! s I'oliiiitai]. feTh'Lce Uiiit Js x sclieinc ivl)icl) en21)Ic% Sixrli Fartii piipjls to help iii rhe sllrroundii)g disrrict. Th15 IS ImportAllt clemeiir oEour ethos, in term% of bcing an 2cllve 47nd ititegrated patt of our locjl cotnmuAiry. .{ rAiige olpl'.ILelii￿it8 kl'ailAI?le Eroni local prJm&?ri' 2nd iiifoiit School$, rctitcmeiir and care ho￿￿5. Iiiid se￿etaI cliarity. sliups. lkne i'i¥ir$ du'elop indiNidu£11 inregriri., proinntc goodiwll towards ofliers oiid ire widely apprecIa￿d b}, die wari(IUS U4AiiibarJons. Dauntsev's is proud to promote its paitnetslitps ￿7111 Ioc21 maintained bchoL)Ib reprdiiig IneJitAI IicRlth ai)d wtlll)ciiiR. The school gryfted LA￿A￿lOn School tlie Teen Tips IVellbtLI)g Hul),. -Ilie ,IIental I lealth IVcllbcJii£ f.oatdinator xlso providcs ftee ttxining, re$ources'dnd ttJutu21 Support as pati of our partnership programme. the EAster tlie 5chor)1 SLte and b()xrding fxcJlitJe% once again uscd free 01cli￿e by approxsmaiely 60 pupils and sr2ff fr(iffl King %olomim's £Kc8demy in London to run a rhree-day GCSE revision camp. The provjsion of bursxnes is detajled in 'Achievements aiid P¢rforrndnie for the Ye4r' ￿}der the siibsecti011 '0peratsoJial Pcrfomiii nce, oil page 7. 12 DAUNTSEY'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Envitottmental projects & eneT8y reporting D2unt.sey's hxs a good track recor(l ul i￿￿eSts118 IIL Sustainable proiecrs to reduce its carbon footpiirtt and the CJ(Ivernor% xre keen to suppori lurihet invcstmeni de%igned to reduce the school's env]roAnieAral impact. At the main school site, now $ix photovolLiiC attays el¢ciThcity to the Aationgl grid tlieiebv reducing rl)e schoul's own demands. IA the NI2nor Housc. there its a bioniass boiler gystcfft thich provide% hot ￿?1¢r atid hexting. Recyclts)8 of PAper, cardboard and oiher consufflAbles is well.estabb"shed. Food w08tc is taken tt> a nearby biom285 fuel dcpoi Ilius Icduciii£ ￿51¢ serti 1013Ad fjll. IncaJidesc¢nt hght bulb5 are be￿g replAced ￿th ener￿. sxving LED hEhtsng'. Passive ii)fra-red knRIIiLsig beeIi installed sn v%nL¥us bu1]￿ngS. The school has stsndb}' power gener￿t0[S which mcarts that it can npcraie ii)dtpenden¥ly ol Ilie nAtiorLAI Rrid should there evei be A tJ12ior power Lut. The tnults-functional pdvihuA heated by ground snurcc htxt PUTnP te£hnolngy. D2untsey's is obli8ed to comply with the st￿￿tOry teporhng requirements of the Carbon 2nd Enew Reporring Rcgulations. The infnrm#iion below Js 112sed on the amount of gas. oil, electricity and fuel coftsumcd l)y iht $chool during the yeor. I'hjs was converted ro kn'IowAtt lioiir% usjiig the webblte litt -calcula or. wknch use$ ¢onversion Iii Ctors PrO￿a¢a by DF.F]Ll a8 part nl its F.nvirnnmLrLtal ReportstLg Guidebnes. 2023 2022 K energy use i.481,283 5.)25,478 Jsc of ga5. oil. electticJt> and fuel ssucjated yeenhouse gas eniissions I'nnncb C02 e 798 tensity ratso I rjnnes uf C02 ¢mLtted 0.91 er 11872 2022,,868 1.07 School chatity Evety Septefnher, the cntste school communiry oEpiipIls and sraflvotes tt> $clect a charity For the 3cadcrnic iexr. ￿th natiDAAI and inte￿￿tionAl clianues being con¥dered OT) altetAate vears. A dedicated charity comtnittee {consJstittg of eleiled pupil repre%entatlVCb Itoin eacli House) and strAfE then facihrare the Auffttrous acttvities that takc place rliroLiglir)ul Ilie year Jti orde to rai¥e funds for the chusen chanry. During the last year, thc school cho%e ro support tlie I'arai¥ ('8ncer %iippoil ikanl}'. Naiabe's Fund. The Fund leeks to support Young mother% wjth brtast cajicer. l)oii?tionb taised wrythjn the school fot Natshe's Fund roTall¥d £6.212. addiiion the Scliool has supported the Nighnrtgalcs l)rr)iecl Jn RomRnia, an orphanage which has liosted I'l￿t5 from Ihe bihuol For several yeats. Itt the past ycar, £7,878 r21$cd for rhc centre. Development office and fundtaising During the vtxr. tlie schonl'8 1)evclupmeiit Office rai¥ed £449,440. the mxjotity. of the funds raised c(JmiJig fr(Im a gcnerous Icgac} from an old Daunt$eian. Tn addittun. the Old Daunt8eiAn ,Issoci2rion Butsxry Fund, Trthich has supported bursory pupjls at the school for many vefirs. decjded 10 c105e and rransfer Its futtds t(} the School's own burg2ry fijnd. These Euftds remain rcsrxicted Eor bursary support foi pupils at I)iunt5ty's SilioDI. The office undertii kes fundrai5iogacuwtyes wjth fortnerpupJl% 2nd fricnds oEiht 8choi)l via einail, dJr¢cr MAII. ieleph(>ne contact And x variety o£events. The Lude of conduci for the datshase m8rt#gemtnt And fundrai%ing Activiues ensures.. coniacr derAi15 are released iwthout ptitnission LuJitACI IS Ortl}? mxde lo rhost who have expressed all iniercst in our aciivittcs. We do not etigRge in cold CRlknn8 For ielcphofte camps1￿$, pcrmisgion is alwa!% sought Il)&1t individllals are hxpp}' to reLeive a call Individuals thAt do AOI wjsh t(> teceive LumniunicAUOA are placed a'do not mail. hsr No one feels pressurised to support out work .411 our attilryttes are open. Eaii and legal All fundraissng 2ctiirytie$ for the School are carricd oiil by our 5tAff will abbJbran£e Eruin parents #Ad pupils for 5p¢cIfic Eundrojsijig evettts. The Schoal docs rtot tsse profcssioiial fundrxlsel￿. .111 fundiaising Acljvlties are manage(I by the Dei'tlopment team and monitored by the Schnal'b Scnior l.t2der$hip-Icxm. I'hc 5clinol 2Jm% ro treal All doiiurs f2JrlyJ biaff have rewlar rt?iiiing se￿510￿S ro moijiior 1£ nd relryew operaung proccdures. Ihcre hAvt bceA no complgjiitb abtrul our 13 DAUNTSEY'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 FINANCJAL REVIEW AND RESULTS FOR THE YEAR Net ineome The 5Lhuul's ner incoJnJii8 resources of £l,118.613 121122.. Net surplu% of £i61,677) ￿￿eCts gnothtr g#tisf2crory fjnancial perforJnanc¢. The 4urplu¥ thc te$ulr of r¢cnrd pupIl numbers, parricu12rli Ihe nunibet OE boardcrs, the uf the successful partner￿hIp for $ummer Icts Atid sub5tAntlAI d(>nattons rcceived during the year, Fc¢ incoffle geAeiat#d durirtg the yeAt Allowed rlie %chool to Ji)ve%t iti tht refurhishmcnt and upgrRding of Piirts tsf Ihe est8ie and to prepAre (or tht roll out uf dIwtai devices. Thc si￿1(1C￿￿t work$ carried out during th¢ year Kvete as fullow8'. (-otnpletsan of the tApiial works to b￿ld 2 nciv Goods In Aftd stor2￿ ilrea t109e to thc irar entraAee of tlie schonl. %raTt¢d last yeat, this fdici￿t5r is iltsw the Encal point for de]JVLtics and irades, as well ag housing our securjt! tcam. Once full Aurr)m2tian nf the.INFR barticrs is complete, tnost tiaffic wllll be directed to the rear cAltAnce wjrhour ro tYdnSit through thc hcart of ihe cattLPUS. InslAllatir)ii t>f pliotovnltsjc pancls (>n Ilie r()ofs of the Sport5 Ccrttre, Sciencc buildjng and Ohve Building io allow the %cho(Trl to gcnerare more of its grctii eneigi and continue to reduce its carbon Footprjnt. These EHci]Jtit$ will also p8y hack Thithin 3-4 yea￿. Improving rhe 5thool's cost base. ,{ full redecor4uon of Evans Huu5e lo£ether wih a E2celJfr of the cominon Area% oEthe hnusc. Refuibishmcnr of the two gitLs' da}. houses. Sutlxic repajrs and repainttng of tl)e ncthxll 3rtd renM% cnurts. Impiovement gt)d tefurbishfflent oEdiffereni elemetits uf residential Staff xccommodatton. Installation of AnfraSmic￿re to suppoIl the roll oui olrhe dI￿tal devices programme. Repairs t(> part$ uf tlie ruufs of thc Att l)eporlmeiit 8iid ￿t(hen5. Investment powers 11ie CioYernot5' invcqrment poKver4 are goyemed b}, the Vlcmorgndum of Associatioft, 'fhe bchog1'5 inve¥tmeThl fund* are h¢ld in ihe C.harJtye$ nEficial Inve$tmtht Fuftd (COIF) as governed by the school's iiiv¢stment pohiv. The School chooscs to thvest its limited resoutces nsk averse invesirnenis. The inveSt￿e1]r5 are hcld iii C.C)IF ChAritie5 Investment Furtds as Ihe products and serriies have A sirotig loJi%-teLyn Iriord, )re fairly priced and 2rc managed responsibly. The school hulds two forn)s of restncted fund5. '1'he CC)11 chgriiies JiivestnieAt fund ijicome unit$ pr()vide a lOng-ter￿ tutsl ietum comprisitig gruwrli iii capital aiid income - rhe School receive5 A good levcl of thsrribution$ 2nd long- ieim proieLtsoT) from inflauon. The COTI,. ihanlies deposit luiid umt5 providt a high Icvcl nEc2pit218ccwity' and compeutive rAte5 uf iiitere5t. In I,el)rJ4ry 2n20 3 new unrcstiicred investment flllld was cgtabiished to cnable some free reselves ro acLUlnulate; 11 1£ p]JiiJied to iAcrea5C these as available funds 2110w. 1,01 YCIF cnding 31 ilugust 2023, interest (h"vidends received totslled £58.78512022-, £21,489) wryth unrealised gajns of L84 lunre2li$ed lossts 2022,. £38J20). Employmettt policy Tjie school Is 2 cujnrnitted equal oppottunjties etnployei t*kcq ever! po%sil)le %tep to ciisure thar cmpla}-ees ate treAted equAlly laitly. All P0￿CleS 2nd prACtices cvnfutm wth the pllnciple r)f equal opporrtinittcs in tetm4 oErccr￿trne￿t, sclcction. ITainJiig. pramottJn, career deyelopmcrti, discipline, reduAdancy ttnd thsmissxl. If a person J.s dJs3bled, ot be(omcg thsablcd In the course OE their employment, they are eAcoui#ged to tell the 5chuul dbout Iheir condition. This enablcs rhe %chrJoI tts suppott thc person as much as p0S￿bIe And to ensure tliat they not IteAlcd less fav4uxably bccau%e nf something telated to their disability. ThL person may also Trbrysli to adwse tlie Sch￿)7 OE reAsoiial)le adiusttnents to theit wot]ung condiuons or the duties of theit job which the}. Lonsidei to be necessary, or which would a%$ist them in ihe perfOrm￿ce of theit duties. Emplovees are cons￿ted at all levelb SO that their welvs are con$idcrcd 74thcii decs%Jons are heiAg takcn that arc likel! to affect tlieji ￿terest$. Lmployres gre regtharls, kept infoTmtd nf the financigl perfnrtnaiict of the school. as wcll as othet matters of cnnctm tn thein, throiigh VAriOUS mean% of communicgtion. bt2efJng5 and mcebngs. 14 DAUNTSEY>S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Reserves policy At thc year-end D2Utitsei s Schuol had toral lunds of £22.956,944. Of the total lunds, £1.292.410 is represenied by cnduwmeiit Eutid5 aijd 1% held in investmeillb aijd £286,019 J$ represented by a resiricicd fund. This leaves uftrtStticted lund bxlRnce of £21.177,915, af whicli £l<).987,111 is Eeprtrsenied inAiJ]ly Irom Ihe Jnvesttneni th¢ school h#$ niade nvcr the years IA tlie infra£t￿cture olthe scliool oiid 11$ fHiiknues. The reinainLlXg Ll,390,804 Js rePre￿ented by an unrcsrttcted resetve ivhich was set p in 2020. It 1% planned. that wheii rhere arc fuiid$ A vailal)le. i() Loilunue bwlding rhis unxestsicted rescrwc. The lack of substantial free reserves, Jn common irrith m8ny t>ther independeiil school¥. re411ires d121 the dai, to day operatioA$ of the sch￿] are managed close]y. Monthly cxpendituic and c¥sh flnws arc tlierefore moiijiored, IOgTetlier wth the working iapital needs of tlie business. This is teviewed hy ihe Cjovernots Via thc hi-Icm)ly Finance & CTenerAI Puw05es Lojniniiiee meettrtgs and terjnly Full Boatd ￿eetIngS. Thc Governr)r% 2rc conient that the curreiii cash flows Are sulf1c￿lI1 to Operate the scliool and conunue to ALhJeve Its curreftt stEate&c aims at￿ objectyvcs. Risk management The Govemot5 t￿￿￿tain R %irxtcyc overnew OE the key ribks w￿ch the school faces. .4 nsk tegjster is mathtain¢d to identify and tL2ck TJ%ks xgajnst bketshond And impact. Coiitrols Aiid moiiitorinR measuteb dre tssted olongside each ideniificd sk. Inth'iidu21 tisk4 a￿ alloc2ted tn owncT% iwiliirt the execuiive. Ihcy are ￿￿ked by subjecr Eot ruutiAe revtew by Govemots t oll cotllmiiiee 2nd Full Boord meerjngs. The rewsier is updited follo￿￿￿8 eaih ctrtnfflitree ineeung. Oveisighi of the nsk maiiagement piucess irself 18 deleg2ted to thc,4utht xttd Risk C.ommiTiee. Ihe ke! contruls used by the ihAtityr JAclude- Dcrailed tertns (Jf rcferencc for all ("ommitite$ Fornal xgttiidas and rnuiutes fot All C0￿M]itte and Board actiVilF Cim)ptehensive straicgic planning. bud8etJng xnd mana£efnent iccaunting F.siahlislicd rJrgaiiis2tinnAI sttuctures and knies of repurtiThg FortnAI ￿Itten pohcies Clcar xuthorisation and approvRI level$ R¢gott)u5 s2fe£u2rdmg ptoceduies A speufic commiiicc tewews and manages compiiRnce, s2fe8uarth.ng Aixd guvemance. The rjsk ￿e￿Ster identsfies the strate￿£ ttsks to the successful operatiotE of the ch2riry. Of these, the ke} risks to Ihe business, a5 al the dale of ￿1￿￿18 the iccounts. are Jdenufied as.. Failure in eompliattce and 5afegknatding. -Ihi% tisk 15 overseen b), the Govemdnce, Comphance and Saleguardirtg Cosnmiriec. There is 3 De.81￿ared £afcgufiLding I.ead O)ST.l Nllrhin rlie Senior IkadeEsknp Team suppotttd by li Governor specjfic safeguardii)g rcspon8ibilittes. l-lie l)81. Is $uppoited b?. a team of well-IrAined Deput}. DSLS. .411 sialf Are trathed in ihc importance nf $afegu&rdiog atid how io report An}. coi)cerns. Thjb 15 supported by A well-developed suite of procedures focussed on saFe￿ardIng mt29urc3 together ￿ryth £evctal bespoke tools lo Eaiihtate easy repOrt￿g of ani conietris. siall arc subject to ri￿rOUS prc-ctnplovtnent cliecks. C.nmpliancc Ufficer is tasked with pr(INi&ng assurance of reguiaion. compliance. The school utilist5 tndependeiit specjahsr advLce to 75SlSt in proVid￿g abbLiiaiiie uf tlie e(fic4c}' of sllfeguarding and comp]iance prntocols. Fee affordabiltty and pupil numbers. WThJl%i cuiretlt pupil niimhers are btll)ng> there is ¥ nsk rhat the broader eLLbAonuc eiii'irotJmeAt and cosr infl%tton wi]18dver%ely Affect the abibt5r of current Ai)d p105pectiYe pareiiis to fund ilie cost uf educautig theit ilthdren ai rhc school. The Jrtcrcasing Ihitat of th¢ impn£iiion uf I'.IT o itLdepeAdetit rhool lees elevates the of higher ft¢s and fxUJ"ng pupjl numb¢rs.-I'he impact af bnrli coqr incrL'R5es (beli)wl And I'IIT on fees could well lead to a dtciease In pupil nutnbers ovcr the itrm. 'Ihe school Inonjtors tlie level of furuie PiLpJI registrafiQiiS aiid would tdke steps ro reduie its uperaung costs in the evejit rhor pupil niimbets decyeascd SJRnilJcRtiilv xs wL.11 a5 rewew tlie oflrr av'ailable at difFtr¢ni entry puiiits to the 8chool. Cost inflaiion. The school is artd could bc ￿rrI1¢￿ 2ffectcd bv 5i£nJFicaiir iftcrex5es its cost-ba%e wliiih collid. m iurji, fotie it to mcre#se 11$ fees to cover those adthtional CfJ4ts. In ihc $hoLI term tlii$ coulcl lie diie til pre%sureb in certAIA categones L)f expenditure such art energy ot fnrjd costs Cost ￿(reaSe8 could Also bc couscd b}. inflAtioJiaiTr pressures on etnpluvm¢i)r cosrs tv eAsure thar Ihe nght calibre ol sr#ff is atttacted to work Ar the.4chool, In iiglitL'iiiAg laknur markets. In the inethum tenn. thig Luuld include thtcats $iich as the retllaval of businc% ratcs rehef, thc iinpnsiriott of l'.4'1' r)n lees or furilier ii)tie%ses in the coniributitsll rares to fund thc pensioA deficii sn the Indepertdcni Sthaols Pen5Jon qchtmtt. Budget$ current anil subsequellr veals fnAke s￿rable provi8ioA for these incLcases. Howcver. thc Ion8er terin co%t P05jtion Mrtll JiievitAlily pui pie5siire uii the school to increAse fees, and risk maiung the offer k$$ affordable. Tht 5clinnl wll iclllrcly consider sieps i() addre55 these nsks lind tnitsgale thejr impait they arise. 15 DAUNTSEv￿ SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Quality of teachingy pastoral care and facilities. Thl's Lisk xs mitJg>Ai¢d bv mRiritRining LTive%lmeJit in lijgh qualiry st4Ef and the pro￿1￿10￿ ol 4 compreheiisive Pxbioxal Lare systein. ConttAued iiivt$tmeiii in the e8tate ift temis of new f*cAknues and pre planned ffldiniertAnie programjnes etisure that Facilitte% reinolfl at a high staiidard. 'Ihe 4chool invesrs ill 114JJ)Jn£ progra￿￿¢$ to enliAtice aiid JtnPlaVL the teachinR and Icarnitig dclivcrtd by the acAdeJnic st2ff. Inadtquate financial plannittg Attd controls. Tliis nsk is thtough a cojnprehensive suite of measutes knxcluding bi-teimly tneetingb. if necebSOrv, OE the I,In#i)ce ana General Purposes C'ominiitec and clear finArtcial approval proce55es. Cleat #nd accursle fureLast￿￿ L>f budgets and Lash floMT¥ arL' prepared Eor and exafnined t eaih meetjng 4rifli deiasled sirutirLy of bu(l¥ei variations. Nlonthl}' maiiigemenr accnunts atc xl%o prepared with vattances versiis budKet being ieviewed l)y matlAgement. l.In3rtci21 foreca4t$ are upd3tsd at te￿￿ar inicrvals throughout Ihe year tu identify siKJiilicAIlt dew2tioiis veisus budget. IT secutity brcach. The Lisk of a ivber-breacli le2thng tu the 10$8 of crjucal data, the Pub￿clI1f)n nf confidcnual JnEomiation or the fraudulenr thversion of payments to or fram rhe school cuulcl bc very dom8RJng. To mat)ag¢ this Lisk, the bchool actively revie￿￿ arLd upgrades its I'r security rnea5ures. conducrs internal Rrtd externa] penettrAtion tesuiig and both prumoie$ #wArenes$ oland trRinia8 About Ihe%c Cyl￿T-￿SkS to its staff and pupds. It also cartt¢s speciFic Jnsurance to mitigAte some of the tisk uf a cyber-aiiack or data105S. Ovcr%ighr of rhc ri%k man1￿ment process is ve$r¢d iii the Audit & Rj'sk Comfflittee whiih conducis a det￿lea Annual rcview In confirtn the rclevance of Msks Jdennfied within the strate￿¢ risk ￿tt￿￿ter. The aIii)ual reV￿W piucess Albo revAhd2tes the rcsponsibillues a$$2￿ed to commLttees of die governingT body lor over$iglit of indivjduxl riskb. By coJis12nl reference to rhe risk rtgster At eve￿ governance l¢veL the Guvemijrs can pri)vide 28sutanie that the kei rLsks are idcrtttfLcd. rnitigared 2nd approptiaielv monitored. GOVERNORS. RESPONSIBILITIES The Governors are respun¥ible fot preparJJig the Governors, Report ond the finAncJ21 %tRtcmeLlts in Rccotdance ivith 3pphcable hw 2nd iegthdtionb. company law re4uiieb the C7oveniars to prepaic fmancial sr3rements for each financial ycar. Under thAt law the Go>¢rnor5 112ve eltcted rrj prepare tl)e finAnCLAI sr#remcrti$ in accoidance with Unit¢d Kingdoill Genetalls'.4ccepted AcLUUnting PraLuce IlJniied Kingdotn Accountjrtg St2nd2tds ind appbcablc lawl. Under company law the Gove￿￿￿$ musi nvi approve the financial %rarcmcnt8 unle.8s tliei, satisficd that rhey tme artd fair view of the state of affaixb of die challtable Co￿partY 2nd grr)up, and of the result of thc cliarirablt complin} And group for that }'eat. Ill P￿P0￿ng these fsnancial statemeiits, the Guvernots are w￿rea to.. Scltci suirable accnunttng pohcies and then apply them consistenTIy. Observe tlie pnnciples In the ChAntics %ia¥em¢nt OF Reconitnciidcd Practtcc ISQRPI. iudgmcnts and attouftttng e81itnares that aEe reas(mable and prudexil. Ststc whether applicable Accounting %tand2rd$ have been followcd. subj.ect to any material depaTiur¢s d%b£lo%ed and explAined in thc fJnAiicixI %iaremellt%. Pr¢paEe the findncial brAie1nei)t4 on the Boing concem basJ$ unlcss it in3ppropnate ro pte%ume that the charitAble company continue in busine5S. The Governors are respon51ble fot keeping adequate accourtttng rccord% that 8re sufficient to show ai)d explain the chatitable coinpan} aftd group'% transactions And disclose iiryth ￿￿%￿￿￿bIt 2ccurAC! #i any time the fin2niiAI posiuon of the (hanttible company aiid graup and eiixl)Ic them to ellsure that the flnancial siaiemeiirs cornpl). the Companies ,Ict 2006. '1'hey Are l$(} responsible for safcguarding the agscts of ihc chiiriiable cornpaAy and group and hence Fur taking ieAsonable sreps for the prevention detectson tsf fraud 2nd other irregulariues. So fAr as each of rhe Guyetnuib is aware Jt ihe uine die repoit 15 approved there is llo ielevajit Audir Lt)forinstson of ivhitli thc haritable cufftwnj and gLDUP'S auditurs Ale unawAl¢' aiid tlie Goveriior5 have txken all sieps tliat rhey oushi to hxve iaken to make ihemselv¢s aWAre uf any televAnr auOIi Jnlormauon and to C5tihlLsh rhar th¢ AuditQLS arc Aware of that informatsori. l)irector's duties undei Section 172(11 of the C.nnipanits .4ct tequircs thai a dtr¢¢tor 0£ a company must act in the wav the coIisIder, IA £oucl faith, would bc mD%t kkcly to ptomote rlie success of the company lor the betie&t of its znemi)ers as a whole and in doing $0 have rcgard to.. The ￿kelY cthisequences of atiy dccitsion in the long tern]. The interests of rhe coinpiny's employees. 'IILt rttcd Ii) fo%ter thc cnfnpiti}2s busirtess r¢lRfion5hips suppbers. parents, the CO￿[nU[LItY and others. The imp2ci of rlie i0￿panY'S tsperatjotif on tlie cntnffliinitj and the envirTrllmeAt. 16 DAUNTSEVS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 The dcs1rabi￿ty. of Ili¢ cntnpAny tnAii?famiJig A reputztioti for high sta￿dard$ of business tonduct. 11ie need to ati fA' td}, benveert meJnb¢rs ol Ihe company. The Ciovemors have regard to the School's employees, inieEe$i8 and has a designated Coverjior availablc to all staff fnr any issue$ thes may have. 'I'hi% CJovemot Visits die school regrulgrlv and meets wjth borh ac1t dei)uc and Support *tRfF. Tjie Governartce. Compliance and %AEeguardiiJg comtnittee are made aw2re of Any employee tssues ar thelt termly meeixngs. Thcse are #Iso reporicd tts the Full Board. Guvernors have teg?Ard to the llced to foster thc compAn} % bu%inebS telAtiiinsliJp Mryih jig supplieis. Govemots rerriew the bi4nIiuAI'pAy£neJir p¥actice¥' reports ond are conteiir thar suppber% arc paid ur before the iiivts&ces are due. CTovemots have £egArd 10 the need io f08ter the relationship with the parents of the pupilq in the school, as rhey 2re the mdior cusiomers of the schiK)l. C7overnots regularly atiend school evcnts where they are ahlt to me¢t ￿tyrh the pxients of the schoL)I. Govemors have regArd io the Jinpact of tht schD(Il's operations on the community. The GoveLAors review the pattnc13hip aCttvitie$ undcrtaken hy the schoDI in the local community AIDnR oihei iufflmuoiry use of tlic 5chnnl'8 facikntic$. Nlembcr% ol the Gov¢rJiing Body and membcrs of thc School's SenJuL Lkddershjp Team alsu meet with the West Lavington Pansh Cowicd. AUDITORS The school's external 0udiror$ appuiAted Fot rhe yext ended 31 August 202.1 arc I laY51nacinTrrc LJ,P. Thc C7overnor5' Report inCo￿or1￿￿g the Srraregic Repurt signed by order of the Coyernnrs on.. 7 1)c(em￿r 21)23 ' P Nitld R S.. CliEFoLd ChRir of Goi'eniois Guvernoi 17 DAUNTSEY'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Opinton We h3ve audLted the Iit)oiicJ¥I staiernents of IIAunisey's Schn(Il Fnr the year endcd 31 Au￿st 2023 which cotnprise rhe Conqolidared %tar¢ment of I,iiixi)ual .Ictivitie$. the C.niis01idated and Charity Ba13Ace Sheet9, the Consolidated Cash Flow Statctntnt And rt(>tts io the fjnancjal sttttemtiits. Including a sumin?ry OE signilLcanr accounting puliiies. The fiIiaiici21 I￿orung framcwork rhat has hetn 2pphed in thetr prcpai?tion is apphidble law Uiiiled Kingdom Accowiiing Staiidirds, inclucling Financial Reporting Stxndard 102 The RfpoftsNg Sth#dttr&l &ppliIL7b/¥ lh¢ UK Republic OJ'I￿1￿￿￿ Illnired ￿ngdoM Generally Acceprtd Accounttng Ptracticel. In our opinion. Ihe finaAciAI stxtemenib.. ve a Irue and fair viewuf the state of the youp's of the pAreni chlritable cornp3n} s Hffairs as ar 31 .4u£u5t 2023 a￿d of the gruup'9 parent chantable iutnpany's net Jnovement til Eund5, jrtcluding ihe incnme txpcnd"Lturc. for the year theji ¢I￿ed., have becrt properlTr pt¢paiEd iTh iiiutdance Mih Uiljted GeneKAllI'.l£cepted.IccouAting l)rxctice' and havc btert preparcd irt accordancc ￿1th thc requiremeThts oEtlie Cotnpartieb Aci 2W6. Basis for opinion We conducted Dut audlt iix #ccord2Ace with IAternHtitsn21 Si?ndards on ."luditiiig IL,'KI11.%,I5 (tIKII 2nd appiicxble law. Our tesp)nsibibtits under those standatds Arc furtlier descrtbed in thc Auditor's respoll￿bI]ltrc$ for the audit of ihe fin2ncial sratements secuun tsf uur rtport. We ire iiidependent of the group Jn 8ccordaAie the ethjcal reqwrefftents th.at ate rclcvant tu our Rudir of the Iinancial staletnents in thc IJK, IncludirL8 the FRC'S Ethical Standard. and we hAve fulfiued our other ethical re%poJisibibtses in accordance wrh rhese requjrefftctxts. Wc bcheve thar the ewdence we have obtaiTrea ig sulfic*eIir and apptoprjate ro Pro￿d¢ a b25is Eor tsur opinion. Conclusions relating to going concern In audxting ihe fit]ancial 5tstements, we have cottcluded that the tlUStee5' use ol the goiA8 conccm ba8is of accounting in the prepv¢rotton of the financial sraremeiirs is appropriate. Bosed on the work we have perlorjned, we have not idcnrilied ony maleijal unctt12inties rclaiiiig tg events or conditions thai, indiwduHlly or collectivel}, may c25t 5igniflCl1 nt doiibi on the gtoup's 2bihry to contjnlle as a going concern lor a pen(A UE at kasr rwelve ￿o￿th3 from when thc financial stAtemctJts ale authorised for 155U¢. Our rc4pnAsibilitici the rcsponsibihties of the ttustees wth respect to going LOAcem Are descnbed in the relevRni seciinn% of tllls Ltport. Othet itiforniauon The uugtees are tt¥poAsible fur t]ie other infurmaiian -ITre nther siifnrin2tion c(>mpnses the itiforfftation included Jn the G¢)ven)or$' .4Anual Report. OUT opininn on the fitian£iAI statcmcni% d()ts rlor covet tht oihei informthtson attd, except to the extetit uiherwi¥e explicitly 8iared in our repr)rt, do noi exprc$s any frjnn oEa$8Utance collclu$ion thereon. In c(Trnnection with our auth"r of the fthgneial statements. our responsibility is to teid the other Jnfonnativn 2nd, Jii doJn8 SO, COll8ider whether rhe nrlietr infotmatton is materially Jncoiisistenr rhe linanci￿ statetnetkts or our kniowled£e obtained in the audit or Othen￿lse appcars ro bc materJalJy fflisstAted. 11 we Jdelltifi such material tJicon%JsteAcies or appaient mxtenal misstxtcmenis, we are requiied lu detemine whether diere is a maietiAI missiaietnent IA tlie FinAiicidl staleinen15 or a tnatcrigl mi5StatemeAt OE th# tsthet infonnauon. If. tsa￿ed ort the work we have perfom]Ld, we coticlude tliat Ihcrt 5$ 2 maiciial Jni58rdiemeAI o( rbis oiher JnfonnAtiun. we Are reqwred to report th2t fact. We have iiothing to Icport in this rcgord. Opinions on oiher matters ptc&cribed by the Companies Aet 21N)6 Ln out opiiiion. ba%ed on the wrjrk ujideitli kcn in thc course af the it udit.. the ittformguon ￿ve1] iii Ilie Guvemors, Ai)iiual Report (which sncludcs ihe sirateyc rcpott 2nd the DJrcciors' report prepAteil foi th¢ PU￿08e8 of coJnpanTr IRWI For rhe fitjancjal ye2r hr thc financial siat¢nient$ ate prepii red is con%Jsieiit ￿￿th the fiiianciRI statcmenrs. Ind the strate¥c report And the dLreLrors' report included wiihirt the C7nvernors' J¥Anual Ilcpott hxve l)een prepared in 2LcurdArLce with aPP￿C￿bIe legal re411irements 18 DAUNTSEYS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED31 AUGUST 2023 Maiters on which we ate tequired to report by exception In ihe light of the knuwledgt and undeistdndiAg of ihe group and the parcnt ch2lltsble campart} xnd it5 envir(Jiimcnt olilaii)ed in the course olthe audit, have noi Jdenufied matellai misstatefflents Jji rh¢ Govemors, AnAug1 Rcpori (which iAcorp(Trrat¢s thc strategLC ￿Port sJ)d ihe directors, report). We have nothing to report in respcct of the followjng mxttets An ielauoii 10 whiih the Compat)ies Act 2006 requires us ro rq)ort to vou if. in our opinion.. adequ2tt 3ccaunring records h2ve not been kept by the chAritable compani" or Ilit £hRtitRble coinpaiii, finAnLiAI ¥latetnents are not In agreemtiit wth the #ctollnting records xrtd return%. or cetlAJn disclosure5 01 Inibtees, reJnut)eration specified by law are not made. ar we liave not reieived all tlLe ￿[orMall0￿ and exp10nauons we require lor our audit. Re$pon$ibilxrie8 of tnjstees for the financial ststements As expl?ined more fulls, in the trwtces, te8ponsibilittes srar¢mcnt15et out oi) page 16), the tnjstees (who are also the directors of the chatitable company lor the pu￿05¢$ of companTr lawl are r¢spon%iblc for the prepatratsoii of the financial siaremeJii$ And for bejng sausfied they ￿ve a In￿ and fair view. and Eot such inten)#l c()nttol as the tru%lee$ dcfrmiine is necessjrv to enable the preparaiion of $tatemenrs thai are free from mxteti21 fftis%tsicmcnt. whether due to frAud or ettor. lrt ptep&tJll8 the IEnarLcsal slatetnuity t]1¢ rrustees ate 1¥sponsit)le for asseysing the group's thc parent charjiahlc cotnpaAv's abiliry. ro contiiiiie as a going concem, (b's(lusmg. Is appiLC4ble. matters relxicd to going conccm and using the 8oillg concern basis of accounting unless Ilie trLJStee& eiiliei Lntend to ￿9￿date the giuup or rhe parent djmtable company ot to cefi.4e opcr900ns. or havc na reali%iic altcrrtative l)ut to do so. Auditoe8 re8POtkSAbilitie& for the audit of the fjnancial st*temettts Our ot)jectives are to obtain teasonable kssurance abour whtther the financial statemejits a whole 2te Flee from mareri#l mi￿sta[ement. wheihei due to fraud or error, to i$$lle 8t) 2uthtor'8 rcpnti ihat includcs oiir opiiijon. ReAbunable as5uranLe is a higl) level uf a55uiance, but is nut a ￿al¥ntee thAt an audit conducrcd in accnrdtncc ￿th l%rI5 (UKI will 2lwgyb drtCLI a tnateiial inisstAtement wlieii 11 ¢xJsts. lhsstrdte￿e￿Is cali attse from fralld or crn)r are cnti$id¢red matcrial Jf, llidJvJduallJ IA the a&£reRare, Ihty ctsuld ￿lsoli2b]Y be expecred io influence the economit deci5i(ms of users takcn Iin rhc ba%1% of tht5C financjal st11 iemcnt8. lllegulariues. Including Fraud. are irt%rances of noii-comphance 74ryth IAWS and regulauuns. We desi￿ procedures itx line TrRorh our respoA*biliues, outknned abovc, tn deiccr mafeti*l mi5Statetn¢nt% iti te5PKt of iErew]antie$. iniluding fraud. The exrettt to wliicli our procedures copablc of detetting irregulinne%. Incliiding Etyud 14 dttAiled l)elow. Based out undez5tandiJig ol the chatity and the environment in which it OPCf2tC5, ￿Te Jdetiiified tli31 the principal risks of on-compbance TrRoth law5 and regu12tion5 relarcd to the JndcpeAdet)t 4clJool rcgulattoi)s, safeguarding iegulattons, healtli aIid safcti, requirement.s, CYDPR. tniploynieAt law itid chil rity. law And we coiisidet¢d the exrent 10 W￿Lh non-tomptsancc might h3ve x mate#sl cfEeci rjrt thc financjal srstemenfs. Ive also LOA￿dered ihose laws iegulatiofts that have a dircci impact on thc ptep2rAU(In of the financial stateffleAt$ such as the Chanti¢s.4ct 2011 .aAd Crjmponics ,Ici 21M16 and coiisjder oihcr fRct015 such as payroll txx. We evaluated mArLa￿ment,￿ incenttvc5 and opport￿￿1]eS for fraudulent manipulation o£th¢ fi11gncial statements (including rhe of ovettide of cujitrnlsl, and deleim]ned that the principdl nsks w¢re rcldted to the Jmpmpcr recognitiiin of revenue *nd mAiiagement bias m 0c£ouiiutig e&titnates..ludii proccdutes pctfor¢n¢d b). the ensa￿t￿en[ Icam included.. Inspectijig corre¥pvndenie ￿th tegu1411orb trax Ruthorjties. Discusgions manqgcment including coAwderAiiOii of known or su$pecrcd iiistAiiies oFllon-compliAnce ￿tIl ]8ws atkd iegu12tir)n aiid Eroud,. Evaluaring mllnAgetnent's conrrols deSI￿led to pytvenr ii nd dettct irEe8ulxTiiies' ReN'ie￿ryrtg of minute5 r)f lJovertinrs' Intettrtgs diinng ihe ytxr; ILlentJf!ing And t¢su¢ig ioumals. in pirticular joumal etttrics posted ar The veal tnd. and C.hallen8Lng Assumptiojis judgemeiits tnAde b}. managejnent in their rriiical accounting e¥rJmatcs. Bccause of thc Anheret)t knmJt4uons of An audit, tl?ere is a ribk thAt we will not derect all irtegularirics. including tl)ose leAdJng 19 DAUNTSEV'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 io a Jnateri21 fflisstatement in tlie IJJiatlCJ21 stateinents 01 noA-tvmpli>iice reyilatioJi.'Ihis risk increas¢% the fflore that compbance wryth a law or re£ulati(111 IS Lrfnovcd from Ihe eveYJt$ ajid IrAtisRctions iefltcrcd in tlie fit)2Acial statemcnis. 88 all be less bkely t(} becume Rwxre of inqtaiice% ol non-caniplJ3ncc.'Ihc rtsk J$ alsn yeater reg2tdJng itrcgulaiJu¢5 occulling due to ftaud taiher than eiror. ¥5 fraud involvts intenuonal concealment, forgery. collusion. omission or misteptesentauoti. ,K further descriptiaA of our responsJbJlJues for tlie audit of the financial .sratt￿ent8 is IvL3ted on die F￿￿]Ll￿1 Reporting Couiicil's website at.. This desctipti(>Th fomjs parr ol our au(htur's report. Use of out rcport This repurl IS triAde solely to the cliantdble compArty's meinbers. As a bod}.> IA accoidanct wilh ('haptet 3 of I)2tt 16 of the Companieb.Ict 2006. Our audit wodt hAS been undettaken so thot we ￿Ight staic In rhe chgritable compAn!'s mcmber% rho¥¢ attets we Are required ro siite in thein th an ,"luditvr'g repori and lor iio nther putpose. To Ihc fullest extent pem)ittcd by IAW, we do not xccepr or Assuine tcsponsil)iliiy ro anyonc ather than the charitablc cnmpany and the charitable company's Members as a bod!, foi out audii work. lor thi% report, ot for rhe opinions we hive formed. 20/12/2023 Kaihryn Burtoii (Senior StatutOLI Auth"totl Fot and on behalf OE HaTrsniAcJntyie tLP Statutory AudLtor 10 Qlleeti Street P114 CC T A)ndD EC4R I,IG 20 DAUNTSEVS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Cenetal Fund8 Re8tricted Fund8 Endowynent Funds Total 2023 Total 2022 Note& INCOME Income from Chariiable activities ,School fees Othtr educatsonal inconie School ¥hops Ineome ftom oiher activitie$ Trading iv￿LpanIeS Investmen15 Grants & Don2uons- NIerc￿8. Co. Other 21,691,046 I t7.640 344,966 21,691,046 117.640 344,960 21.096.722 271,2.35 330.909 312,806 19.884 2.(K)O 611,371 i9,189 312,806 58,7B5 27.000 706,405 59.18C) 68.681 21.489 27,000 68.790 31,138 38,CJOI 25,OQO 95.034 ()ther Tot21 Income 23,158,902 120.034 38.901 23.317.837 21.915.964 EXPENDITURE Expendimte on raising fundg Triithng costs Fundi#ising and Development Flliancjng chaiges School shops 10.082 6.fj.796 137.324 405 J93 10,082 6).796 137,324 )5,.193 6,711 34,312 38.902 377,177 Expetsdttute on Charitable Activities School operating costs.. TcachJn8 Wellxre Ptemist$ Support & Governance cost$ CrdAt$, ¥wgrds and ptiz¢s 11,024,680 3,682,728 4.026,-582 2.210,.346 4,8()5 25,000 11.049.680 3,682,728 4.026,i82 2.210,346 611J77 10,702,4.56 3,836.762 3,746,783 1.987,G18 585246 593,862 12.620 Total Expenditure 21.567.826 618,R62 12.620 22.199J08 2l,315,967 NET INCOME/(EXPENDITURE) befote Tret gain5/llosse81 on investments unrea￿￿ed investment ga2As/Or)s¥e$ 1.591.076 (498,8281 26.281 1,118,i29 599,997 13.470 113 J86) 138,.3201 NET tNCOME/(EXPENDITURE) BEFORE TRANSFERS 1.604W 1498.828) 12,895 1.118ffj13 561.677 TtansfeIs l5 1568,4101 568.410 NET MOVEMENf IN FUNDS 1.036,136 69.582 12.895 561,677 FUNDS BROUGHT FORWARD 20,341,779 217.037 1,279,5J5 21.818.331 2127C?.(?.54 CARRIED FORWARD AT 31 AUGUST 2023 21.377,915 286,619 1.292.410 22.956.944 21,838.331 The notes on pa￿$ 2) to 40 fomi part of thcse finartcial statemenrs. Illl amount5 deEive fr()m COnUIiuing activities. All gaiiis and lu5￿<$ recow5¢d In the }eAt lte included in rhe Siatctnent (Jl Financial Activities. DAuwfsEVS SCHOOL FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31 AUGUST 2023 Gtoup 2023 Chatiry 2023 Gtoup 2022 Chatity 2022 Notes FIXED ASSETS '1'an￿ble a$sCts Investmaits 22.831,903 2,683,210 22.831,903 2,683.214 23.093.431 2,666,476 23,OCJ3,431 2,6(IC),480 io 25,515,113 25,515.117 25.759,907 25,759,911 CURRENT ASSETS Stuck l)ebiors.' smounts Ealiing due within ojie TreAr Casli ar l?ank and iji hfind 323,815 323.815 311.749 311,749 li 1,412,034 5.830,889 1,449,242 5,776,819 60).546 6,264,945 645,913 6,201),77S 7,566,738 7,549,876 7.182.240 7,167.437 CREDITORS: amounts fauitsg du¢ within one year 12 {8,2US,4MI 18,191,085) 18,674.9201 18.662,6201 NET CURRENT LIABILITIES 1638.7061 ICyll2091 11.492.680) 11.495,1831 TOTAL ASSETS LESS CURRENT LIABILITES 24,876.407 24,873,908 24267,227 24,264.728 CREDITORS: amounts fallttig due aft¢t more than one year 13 11.919.463) 11 C)19,463) 12,428,896) 12.428,896) NET ASSETS 14 22.9%6,944 22.954.445 21.818,.331 21.835.832 FUNDS Uftresiricted Funds Rc$iricted Bursary Fund Endowncni Funds lincluchng rev01uarion reserve of £463.3251 15 15 21.377.915 286,619 21.37i.416 286.619 20,341.779 217,037 20J39280 217.1137 15 1.292,410 1,292,410 1279.515 1279.515 TOTAL FUNDS 22.956 C)44 21954,445 21.838.331 21,835.832 The Charitsble compRny's ner 4v￿luS fot the yexr wa8 £1,118,61312022.. £561,677). The tiot¢s ori p2ges 25 ro 40 fomi part of these finartciAI statemenis. The financial statemenrs were approved ￿uthorised for Jssue by the Boaid of tlie CTrJvemors on 7 December 2023 and wete swied below on it5 behAlf by.. v p r%Jeld Chair (If Covernois ClIEford Goverjior 22 DAUNTSEY% SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 2023 2022 Note Net cayh inflow from operatithg ac¢ivitie8 399,241 899.854 C#$h flows from invtyting activitie8: Investmeni income Itstere￿[ received Purch2se tsf iiivestrtLeiits Purchase of ianyble fsxed Assets Procccds fioin sale olll)vebtments Ptocecds fri)m %alL of fjxed 2ssels 39,03U 19,318 2.171 11,265,089) 11.116,434 136,61.5) 1?97.2581 19,966 21.825 I,2iO Net cash O￿t￿OW from investing activities 1533,2971 11.685.787) Cash flow8 from fxnancing activities RepaJryneAt of exisuftg loan$ 130n.0001 1250,0(K)I Net cash oudlow from fthanciDg activitie8 1300,000) 1250.0001 Movemettt in cash 14_34,0561 11,035.9331 Cash and cash equLvalents at the b¥nniiig OE the period 6.264.945 7,300,878 Cash and ¢#$h equivalettt9 atthe end of the petiod 5.830.889 6.264.945 The nore io thi¥ 5tAtement is on page 24. 2022 Cashflow 2023 Analysi3 of movemettts in net cash c.ath at b%nk and in l)and 6.264,945 1434,0561 -5,830.889 Totgl cash xnd cjsh equivalcnfs 6264,945 (434.0561 5,830,889 L02n- tjoydg Bank . CBIts 11,250.0001 3ff).IK)O (950.0(K)I Total 5,014.945 1134,0561 4.880.889 2023 2022 Analysis of movements in net ca&h Decrease in cA$h in the year Ca$h outflow from d¢cre8sC tn debt (434,0561 300,000 11.03).9331 250.IM)O Movement iti tt¢i debt in ihe yeat 1134,0561 (785.933) Opening ner funds 5,014,945 i,800,878 Closing net funds 4,880.889 5,014,C)45 23 DAuTrrrsEY'S SCHOOL FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31 AUGUST 2023 20 2022 RECONCILIATION OF NEf INCOME TO NET CASHFLOW FROM OPEKATING ACTIVITIES Net incomc for the year before invesimertt ￿1n5/00S$e$I Deprcciatio Gajll disposal of ass¢ts Inrerebi received Invesiffteni incL>me Decrease/{Increase) Jn debtors (Decreasel/incrc2se irt creditors 1.118,529 840,611 599,997 871.857 12121 (11711 119,3181 32,340 1412061 14i9,7161 {80,7171 119,7551 139.0301 1806.4881 86.201 1765,1101 (12.0661 fees in Advaiicc Net cash xnflow frottL group operations 399.241 899,854 24 DAUNTSEVS SCHOOL FINANCJAL STATEMENrs FOR THE YEAR ENDED 31 AUGUST 2023 I. ACCOUNTING POLICIES The finxncixl $tsteTneiits have been prepared ￿ aiuordAALe the Chariues Srgrcment of Recommended Pr2ctsce C'SORP IFEL$1021"1, I,InincJ31 R¢￿tt1Th￿ IJtrActiLe appbcable in the UK and Repubhc of Ircland (FRS 102) sccond eth.uon tffcctive l January 2019 And the (-nmpanies Ail 21K)6. The funcu¢)ttal currency of the school Js GBP ￿cli15C that is the tutteACy of d)e primary eLonomic environment in which the School opetates. 'I'he chAriry has iAken #dvantage ol the exefftption availilble to a qUAlif}irtg entity iA FRS 1112 from rhe reqwremei?t 10 pre%ent a charity ollly Ca$li Plow Statement with the consolidated financial starcment Having irricwed the fiiftding Eacilitses avaJ]able to the school rogethei thc cxpccted owing dcmattd Eor p12ce$ and the 4chool's luture prniccred cash flows, the C7ovrtnors have a reasonable expecrallon that thc Sclirjal hxs adequate iesouttes tD coiitinue Its actsviu¢s fryr thc foreseeable luiurv. ,4ciordJtigly, Ihey iiintsnlle io adopt the going cartce ba518 In preparing the fmancia] 5t2tements. The sLhool i¥ a Pubhc Beftcfit Entityr reysiered as 2 charity in F.nglxrtd Wales aiid ib a hmired by guarantee. 'I'he members of the iumpaiiy are the Governors nftmcd oi) pa8e 3. Tn tlit cvenl of the cotnpAfLy being wowid up, the kability in respect of Ihe guaidlltee is knmiled to £10 ptr mcmbet of the cr)mpxny. It Ivas ￿£￿ri?0r#red on I l July 2Tr)6 IcoinpAJlI' i)umbet 51172694) aiid regjstered 1$ a chariry. on 31 July 2(06 Iclianty numhcr 11156381. Tjie school's reyqteTed oEfJce is D¥oJiisry'5 Scliuol. West LAvington, Devizes, Wjltshtte. SI￿10 4HE. The preparatton of fin3llCiRI staremeiiis in ¢omptsaiic¢ FRS 102 requires the u8¢ ol ccriain ctitic#l 3ccr)Urtring estiinaie5. 11 also reqwre% manlgemcnt to exercise judgment iti applving the Chajjty's acc(>urttiAg potscies. The kts judgement th?t has bcen ipptied by mattagcmcnt relates ta the fully fi￿ded pensi(>n deficjt TecoveLI plan arising from the recent trjattnual valuauon. Thc fjclinol ha% adopted the tneihodulrJFy provided by TPF retsrtjnent solution$ (Pre￿o￿s11 The PensJoAS Trust) to rcprestnt the ner pre*nt Yiltje CAlculati¢m ancl assuLi2ltd c()sts. W'e will colirinue ) IIIOiiJror develupjnents so that our ftnancial plans tan %usrain futute deFicits or thether the schemes reM￿n affordable. 'lThe arcowiung polLcies adupted are described below. CTroup firtancial %t2tement% Thesc financixl %12tcfftent% coiisoiLdate the results of the charitable company and its wholly oThned subsidJAttcs Dauntses's Schonl T.Ibrar! %ctwces liinired, Jvke Brise Linured and D2untsey's School EAteTnses Limited. IA acctsrd8nce Sectitsii 4)8 of ihe CotnPAtlles ,Ici 201)6. no separ3rt S1#t￿￿ent OE Finattcial ,Ictiiryties is presertied for Dgunrscy's School. The nct incr)ming resources of the Charitir are di¥cltssed in Thote 17 Bisis uEAccounting These fisiancial statemenrs have been piepared under the histoncil cost convention Hs fftodified by the revaluattoji of cetiain assets. Fee% Tcceivable, ather tducational Jncome, bchool shops and othei an¢￿arY income for servjces And use ol prcmiscs accounted Eor in Ihc }rear iii whicli ihe setvice ss provJd¢d. Fees receivable arc gtt1ted after dcductyng all0￿￿nceS. %cholarship$ 2nd hursaries allowed b!, Ihe SchtsL¥I. Iiiyestmenr xncotne is accowitcd fot the year In ivhich the cnmpany 1$ entitled tn rcceLPI. I)unatlQl?S Are gccouiiied for UPOII receipt. Legacie$ are recogtiised when the Chariry can c%tahhsh entit]etncnt, prgt)al)ilitv of receipt 2nd the abth'ty to esijmaie sufficient accurAiy the afuounr rec￿vIb]e. dl ExpeJiditur¢ Diiect clixritible expejidirure conststs of .All expenditure direcil}' rclattng to the objects of the C.hAriry. Ceriairt cenlrAI co%is wliiih cajiilut be directly allucaled are apporuottcd bettKreen chaiitsble aciiviijes and the costs of gcnerxttng funds. l?astd vn estitnates bs nidiiagefflenl oEthe ume spent OA tlie releyant functi(In5. Glivemaiice cast$ compri%c tlie co%tq of EunniiiB Ilie clianty. lncluth.ng plannittg for sts furnrc developmtnr, cxtttnal 2udir and legal advice for Dauiiisey'8 Schuol Goveittots, and all the costs of complying with COAststurional xnd statutl)LTr rcquiremcnts. IrrecoverRble I'.IT is included ￿thIn Ihc categor! of expenses try which it rel8tes. 25 DAUNTSEYS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ACCOUNTING POLICIES {continu¢d) '1'2ngLblc F,ixed Assets 'lan￿bI¢ Fixed Elssttg 2rc showrt at cosi. Depr¢tiatiOrt is prowded %t the follo￿11)8 rAtes in order tu wYit¢ afEc3ch as$et ovcr its estimated us¢fui hfe.. Freehuld builLlings Compurerts Sad train￿￿] vessel I'urnishings xiid improvements PIAnr atid c9￿P[￿ent 50 years 3 }reais 20 ycars 14 years 200/0 rcducing balancc io deprccjiunn is prr)vided on freeholdlond or 3$5ets the cout8e of consiruction Investments Investments Are stated in ihe fts)aiicial stratemenib ar markei value. Re2hsed gains ot losses from JJivestineAt di8posals Isxlt ptoceeds less vpening marker value) uiiieAhsed vr losses otJsJng from the ch2ng¢ in value of thube invesiments sull held ate aisilo$ed in thc Stratemeiit ol liiiJ2iici%l .4ctivities. Investrnent5 in subsidiaries are valued at C05t. tock Is carlled at tlie Inwer of cost and ner reabsable value. h) Flnancial m5truments are initi£illi recognised at ttanssction iralue subsequentl! meosuEed 'At atnortised cost exctpt forAtivestments which are lield at fair value. Financial *¥sers held al atlLorused c05t compr15c ca%h af bank and in hand. iogethei uoth Fee debto¥è. exiE8s b￿ed IA July aiid oihei dcbtvrs. A speciljc Pr[)w￿nn 1% tnxdc f(>r debt5 ful wkn'ch recoverdbdity is In duubt. Cu¥h at l)#i)k #nd in hand i% defiiied AS au cash l)tld in instanT acces bank acLounis used A5 wolkn'ng capital. FiiianciAI knahiiities lield At RinorN%ed cost cnmpn%e all crtditots exLept suciol 5eciitAty And oilier taxes atid prrJVisiO￿5. ,4$sets and ￿￿bilitI¢5 hcld in fatewi curtency irc trxnslated tts C.Bl) #t the ha121ice Sheet datt at an appropttate year end cxth#ngc rate. Unre8increLI Funds The%e fi]Jids are expendablc at thc discreiioti of the Ttugtees in turtherance of the objects uf the Charity. Desjwated Funds These funds are ser a$￿e ar the (hsLtetiOrt of the Trustees Eor a parucul3r puip03e. k) Expendable Eiidownetit funds These funds represent fftvniL'S received where the 2ncofflc atisirtg is resrricicd to a particulttt purpose. The trustees MRY alsts use rhe capiral OE the fuiid whete ttcccss#4. PertnarLeiit I,.nd0￿Cftt fund 'lTrcsc fund$ repre%ent fi]nds w￿.Ch Jre testricted For the putptsse of pi¢)viding butsary Sup￿rt. Restrsctcd Funds ReslEicred fuAas repiesenr axnounts dunated to Ilie School Eor a specific purpose. Pen￿0￿5 'lThe bihool opera¢e8 sePAr￿te pensioii scheme% for rcachJi)g 2nd n(In-te3ching $12fEwhJch arc dc$crJhed Jji Note 7. The schnul's rcsptsn4il)%lJN J.5 litnjted to its Cotitributions. which arc chargcd against incomirtg rcsourcc$ in ihe Jear in wlijch thcy are made. OptraI￿g IEa8¢5 Rerttals for Jssers held under operating lea¥e8 are charged to the Jncurning ie5Durceg thev becntne payable. 26 DAUNTSEYS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 SCHOOL FEES 2023 Gro55 baard aiid iuiiion fce5 Lc$s.'.Scholarships Les$.' Bursaries l)AuntSC}'.% School Old Daunrseians, A55OCJAtinn Bursary I,urLd Other Bursag Fund Ikss.. Discoujits. SI￿]￿g - StafF 24.085.606 (471,2191 1697.8501 (4,2421 23,IC)5.326 145i,466) 1588J80) 14.51K)I 13,0901 1990,7131 1607,8JI 61 11.074,9511 52,7801 21,Q84,S()4 12,620 593,862 211.515,2BI 12.1()4 569,277 ,Idd.. %clin12f51iipb furtded frurn eX￿ow￿ent funds BuE5anes funded from ttstticted funds 21,691,046 21.096,722 All otheI incoiwng resoutces &tttibutable to the Continuing acis%ryrie% of the (Ftoup and Ore eariied entiiely within the Ut￿led kngdofft. 27 DAUNTSEVS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 INCOME FROM SUBSIDIARIES, TRADING AcfIviTIES Jolie 14ri%e Liinited UBLI (compxny nLTml)cr.' 032349061 D&unt5cJ's school Ente￿nSeS Ilmited (D.£ELI Itotnpany number. 029560981 Btstli companxc8 arc rC￿stered ￿ the UK and who]l} owned bil Dawirsev's School. The ttadirtg tesultb for the yvJr, as extracrcd fxom the audjted fthanual staiemenrs. are buintnarised beluw.. JBL 2023 DSEL 2023 Tot#1 2023 I'umover- exiernal 17,971 294.835 312,806 17,971 294,835 312.806 Cost of gales - Dauntse}'s School external 17,1441 li.0841 17.1441 110.11821 14.9981 Net ptoftt 12,973 282.607 295,580 Distnhutyoi) under ￿fI aid 112.9731 1282,607) (295.5801 Debiots Cash and bank Ciedittsrs 258,372 -31.11()I 1287,0771 258.372 54,070 1309.9391 23,007 {22,8621 Net Assets 2.358 2.503 Share Capital and Re&trves Called up share capital Profit and loss Reserve 143 2,356 2,499 14.5 1503 .It 31 Au8usI 2021 rhere was a tialance oF£29.5,58012022'. £49.0001 tn the school by the subsidiA4 cnuri¢s. No remuii¢ratJDn, dividend or anTr' other form of rcward or bcti¢fit ha$ btert Leceivcd bi the Chair, tlie Head NId$tet ot the E5ur52r ftom rhc irxding sub%]￿arles. The tepstered office for both 5ub$J&"aries is is follows.. Daunls¢} s School Vest Lamgton DevJie$ SN10411E 28 DAUNTSEVS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 INCOME FROM SUBSIDIARIES. TRADtNG ACTIVITIES (continued) COMPARISON 31 AUGUST 2022 JBL 2022 DSEL 2022 Totsl 2022 Tumover- extem¥l 8.927 59.754 68,681 8,927 59,754 6B.681 Cost of sales Dauiitsey's School externAI (12.9701 13.9.311 (12,C)701 16,7111 117801 Nei proftt/lloss) 6.147 42,853 49.000 Distnbution under wft aid (6,1471 142,8531 149,0001 Debtors Lash batik Crediiot5 1,()20 13,192 114,6671 2,833 41,978 140.833) 17.5.)00) Net Assets 145 2,358 2,503 Share Capital and Re8etve8 Called up shire capit Piofir loss ReSe￿e 135() 2.499 l45 2.3_58 OTHER EDUCATIONAL INCOME 2023 2022 Educ#titstkal activities Entiance #rtd re￿$tra￿oI} lees CDurs¢s ?nd sub-leitings 59.300 45,902 225,333 117.640 27J.235 29 DAuNfsEVS SCHOOL FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 AUGUST 2011 5. ANALYSIS OF EXPENDITURE Staff Costs Other Cosis Depreciation Total Expendktute on rai8ing funds: 'I'radiiig costs FuJ]diAifing & development Financing charges £clinol 4hop JQ,082 15,306 137,324 248.095 10,082 65.796 137,324 405 J93 50,49) 157298 Exp¢ndittJte on Charitable A￿1VitIeS Sihotsl operating costs.. Tvaching costs 'elfAre PMniqes Suppoti & (?ovcm3nce costs Cyranis, awrds #nd pnze 9,107.313 2,336,9L)() 498.1 fjl 1,059,582 1,89B,324 1.1.3.1.274 2.749,()17 1.145.463 611,377 44,04.1 11455 778,812 5,301 11,049.680 3,682.728 4,026,582 2,2IOJ46 611,377 Total Exp¢nditute- 2023 13,209.835 8.148,862 840,611 22,199,308 ANALYSIS OF EXPENDITURE COMPARISON 31 AUGUST 2022 Staff Costs Other Costs Deprecxation Total Expettdxture on rai8ing funds: 'I'LadJrtg cosrq FuJ]drai%uig & dcvelopmertr Finanang chargcs School shop 6,711 6.517 38,902 247.044 6.711 34.312 38.902 377.177 27,795 130,133 Expenditure OD Charitable Actsvitie$ School Operating costs.. Teac11￿8 costs Welfxre 8,729,757 2.5114.482 4_17,870 903.880 1.898,722 1.11.3.474 2,536.465 1.077.111 585.246 73,978 18,805 772,448 6,626 10.702.456 3,836.762 3,746.783 1,987.618 585.246 Support & Cyoyemance cosis CJratitS, aW2rd5 ptizes Total ExpetkdxtsJte- 2022 12,733,917 7.710,193 871.857 21,315,967 .111 costs AncludeLI iii Lharitable acuvLDes are djiect cost5 exccpt for %upport co%ts OF %chr)r)knng which compnsc.. 2023 2022 Wages and salattes Recruitiiig. training. health & Siifery Officc cxpcrtditure and travel ,K]Incated dcpreciatiotx Govcriiance 1.063.582 618,157 481,009 5,301 42,297 907,892 585,8 15 455,093 6.626 32,132 2,210.346 1.987.618 30 DAUNTSEYS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 OPERATING SURPLUS 2023 2022 Operarlng sutplus Eor the year is stated after ¢haryng'. ,ludJtors' r¢muIierAUOn fuE sudit s¢rvices AuditOTS' reinunerAtion fot lax2ty0n comphAnLe services Oper8tii)g leases IleprcciRtion 26.340 26,100 I,Q20 31 i.443 871.8)7 312,633 840,611 STAFF COSTS 2023 2022 The aVer￿e (full time equivalentl nufftber oFemploy¢es. Including PAtt tiffte. witlun each category of pe￿0￿5 w45.. Teaching stAff Adtninistratiot) staFf 147 (121) 207 (153) 137{1151 1901146) 35412741 327 {261) The cost$ it]curred ￿ respect of these employcc8 were.. Wages and sdlanes Social S¢Lurity co$is Pen51VA iOgt5 10.559.5(11 1,066,97C) 1583,298 9,68C),655 977,487 2.066,775 13209.835 12.733,917 The numbcr of h￿het P21d einplnyccs wa5.. Taxable eniolumen15 band.. 2023 2022 £60,000 £69,CVJO £70,000 - 09,999 £80.000- £89,999 £90.(H)0 . £99,999 £14U.(100- £149,999 £190.OQQ . £199.999 £220.000- £"229,999 19 12 Aggrcgare employee $alaries henefirs of key fftan3geJnenr persnnnel £845,594 £873.739 TermJnAtioA payments in rhe ycxr totalled £72.484 (2022.. £102.)70}. N'.D guyernors recetved 2TlV reMUnetr￿ttoA. Five governLirs teceived ttimhutscd cxpenses respect (JE travel. accommudAti()n t[￿lIng totalhiig £2.38012022.. Five governors wcre teimbut$td £5721. DutisiK the year the school mainiairted. Nrythjn its general insutthtxce programni¢, profes8ion31 indernmty cover of £5.000,000 and l)ixectots Rnd Ufficers Jndemniry, Lover foi the govemots o1£2,000,OLN). Pen8ion Conitibution$ and Commitmen18 Wlrlt effeit ftom I SeptefThber 2022 the 8chool AO longei pqrricJpatc$ in the'FPS. .In alternafjve defined t￿l￿1b￿￿on h￿ne lias been av?AIAble fiufn I September 2022 for teaching staff. lje schonl porhcJp2ted in the'feachers, Pension Scheme f'the TPS,) fot its leaching staff until 31 A￿￿$[ 2022. The pcnsion chat£e f(Jr the year Jiicludeb coniribuuoiis payabl¢ io the TPS of £012022.. £1,310kl and &t the 3rear-eAd £0 12022.. £15()kl WAS Accmed JrL res￿Cl OE CQillrJbuii(m5 lo tliis SLhexne. During rhe year. the school operaied Eaur schcmcs for rton-leachjiig srkfl ￿lthill.1,￿1. Reiiretnejit Suluuuns #'multL166) emplo}"'et schemc, previouslir knomm tt5 thc Pen%ion-l-rusl. 'I'htrc ￿Tte diree schemes ullih defiiied bejiefits. .Meinbers DAUNTSEVS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 of the 1160tli fsAAI &Alary scheme, wlijch was closed to ncw inemhers nn 31 1)ecetnber 1994. compn.%cd emplo}er contribuiitsos of 20.5 10 aiid nieinbei coiiiributiOl1$ 019.70/0. Tliere wete A150 two cxreer xvcrxge relAted eA￿lAg8 (CARE) beneFii schemes. .IleLnbc'tb of the 1180rt1 {-1{lU.' scl)cfne, Ivhich was clriscd ra tiew entr2nts on 31 Avgust 2013, comptjscd employer conrribuiIotifj of 16.2.10 Xrtd membcr contrjhuuong of 6.5 /u. Nlcmbers of the 11120th CARE schcme, which ￿Ta5 closed to ne￿ cnirant% ifl ilu8USt 2019, comprised employer coAtributiOAS of 8.1 /0 aiid ￿e(nber contribuisons oE7.2fj/ts. A 'defined conttibution, scheme opened in Septe￿be1 2019 for new ¢inpluyees and comprised cmplrjyer conthbutions of 6 10 41nd mcmb¢r coiitsibutions UE 5 1. .4ll Ihe schen)es pernlltted staff io mAke adthuoAal toiitribiititsAS. The ttienrtial valuauon W￿cli took place on 30 September 2020 resulted in thc school maksng annual defiut contribuiJot)s stsrung at £182,OUU frum Seprember 2022, to Iiiirea5C At 3'/ts pcr anrtum ujitil iKpril 2032. I'he 2022-23 Loritnbutioiis totalled £181,890. The pensions scheffte 5LtsryCC CO%lq, the Jtiicrcsl cn%t and Rny ictuarial gaillsllnsses are charged ia the SC)F,l each year. 'I'hc ILabLliiJe% are measured on an actuariii I basis ai ihe halante sheet dxte. using a discount rate wliich ￿￿Uld yve the satne r¢$uli.s as usjrtg lull M csi¥orate bond Iqeld cutve to discow]t the same tccovery plxn contnbuiions. The resulting liAbihry fs included Jn the b#lanee sheet £1.456.81012022.. £1,660.8J¢ 61. Vith effect from I Seprember 2023 the school ceascd to participate in the Tvf defiiied beneFIt SLheJnes. I'he dcliiied contrihutjon sel)etne has been xvailible from I Sepietnber 2023 fL)r all ell￿ble iion-teaching staff and comprjses emplover conttibutioiis of 8.10/ts ￿et￿ber ionttibutiot)$ 015Tr/D. Un ceA5iJig to paiticipate Jn the'IFT defjned bcntfii schem¢s, tht $chool has 11 tesidual hai)ibry. In addittuii, a joiiit #nd ¥rveral IJabi￿tY exisrs in the event th2t %ome OT all nf the oiheL meinbers ol the Scherne were tts defAuli. TAXATION I'h¢re 1% habihty to Cotporation Tax due ro the Company's chatitable s¥atU5. 32 DAUNTSEY'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 TANGIBLE FIXED ASSETS- GROUP AND CHARITY ant, fumishiti and equiprnetst Freehold Lattd and Building& A5$ets In Construetio Vessel (Jolte Brise) Group Tutal COST ,15 2101 Sep. 2022 Addiuojis Disposal$ Tunsfet 31.679.919 245510 656.029 3,33U.813 l.il.748 137,2411 98,753 35.705.514 597.2.)8 137,2411 656,029 1656.0291 At 31 Au￿st 2023 32.581,458 3.645J20 98,753 30 J25.531 DEPRECEATION .4$ at 01 Sep. 2022 Disposa15 Charge for the year 9.564,182 3,010,189 111),067) 126,-506 97,712 12,672,083 119,06D 840.61 I 711.065 1,041 At 31 August 2023 10277247 3,117,628 98,753 13,494,628 NEf BOOKVALUE 21304,211 527.692 22.831,90_1 Ilt 31 ilugusr 2f)22 21115,737 656.029 320,624 1.041 23.093,431 10. INVESTMEKrs Endoment Funds Unrestricied Funds Total Group and Charity Ltsted tnvestments ,Klarkrt vAlue as at I Septernber 2022 .Idditinft Digpos#Is Ilnr¢aliscd gains/O055es) 1289,278 36,483 119.9661 113,3861 1.377,198 132 2,66C).476 {19,9661 84 13,470 larket vaitse 2$ at 31 ,lugu3t 2023 1,292,410 1.390.800 2,683,210 Charity Investmtni in sub8idiat&es Cost at I September 2022 Cost as at 31 ,lugust 2023 lorol at 31 August 2023 1.292.410 I JW.804 1683,214 33 DAuKfsEY'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED JI AUGUST 2023 10. INVESTMENTS (cotstinued) INVESTMENTS COMPARISON 31 AUGUST 2022 Endowment Funds UntcstrActed Funds Total Group and Chariry Iisted investments Nlaikvt Value as ai 1 .tiptembei 2021 Addsti(Jns DiSPOSlI Is Unrcoljscd gdns 1,303,485 18.916 (o) 133.123) 809222 1,246.173 1673,0001 (i,l()71 2,112.707 1,265.089 1673.0001 138,3201 larket value a$ 8t 31 August 2022 1289278 1,377,198 2,66(?.47() Chariry Investrnent in subsidiaries Co$1 #s ar I Sepiember 2a21 Cost as #t 11 Jlugust 2022 Total 1$ At 31 August 2022 1,289,278 1.377202 2,666,480 ii. DEBTORS: amounts falling due thin one year Gtoiip 2011 Chatiry 2023 Group 2022 Charity 2022 Fee dcbtors F.xtras hilled iii July Othet debtors Prcp8ysnellts I￿a acctued income Amounts due from subsdw*$ 64.7)3 168.037 258.440 920.804 64,753 168.037 35.298 231.845 2,833 335,570 35,298 231,845 920.804 295,580 135,570 43200 1,412,034 1.441),242 605,546 64i,913 11 CREDITORS.. amounts failing due thttt one year Croup 2023 Charity 2023 Group 2022 Ch8tAty 2022 L98n- Llo}d& Bank- CBI Trade creditors Srlldtnt deposJt8 Fees in adv*iice- i>ne-ye21 scheme oiher 300,(XIO 57,156 1,575,568 2.850.351 2,281,616 300,000 57,156 1,57S.568 2,850,351 2,281.()16 28,510 14.627 895.910 187.347 300,0 123.095 1,509,420 2.764.150 2.128.3iO 300.000 123,1195 1.5Q9,42Q 2.764,150 2,128,350 Deferrcd incnme 'I'a%atiaii and 81)ci21 %ecutity .IccrLli11s and prowsIon$ Pcnsion babiliry 14,627 910.269 187,347 264.610 1,403,295 182,000 264.610 1,3t)0.91)5 182.CKM) 8205,444 13.191,089 8,674,920 11.6()2.(?20 Student deposiis are treAred as f21tiAg due within ()ftc year as they Are repayable if a iemi's notic¢ is yven. 34 DAUNTSEYS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2011 12. CREDITORS.. alRIOUDts falling dut withith OD¢ yeaT (continued) Summary of movemcnts in fec$ in advance and deferred incotne Group Chari Balanie As at I Septembex 2022 ,Imounrs releAsed Amuunt% deferred Jn the current year 4,892.5110 14,892,501)) 5.160,477 4,892,5 1.5.87.3,3941 4,892,500 B213Ace a$ ar 31 Jlugust 2023 5.160,477 5.IC)1),477 13. CREDITORS- omounts falling due aft¢t one year Group 2023 Chariry 2023 Gtoiip Chariry 2022 2022 LoatJ- Lluyds Bank- CBIIS Petjsioii Liabth'ty. 650.000 1.269.463 6iO,OOQ 1269,463 950.IXKI 1,478.896 950,000 1,478.896 1.919.463 1,919.463 2,428,896 2,428.896 The CBILS Icotonavirus Busillc$$ Tnterrnptitsi) Liian Schernel Inao is secured oji the adjaceni laad And housjng Jn Ivest Lavingion aftd the ilIanor House, Litt]tton Panell. The CBILS tuan became repayable from November 20212t base rAte plus 2.43°/0. 'rhe l.oan And Pen￿0￿ Trusr ￿abl￿tte& are repayable in the folloW￿g years.. 20 2022 Wirhjn nne ytar Within one rn nvo }'cars Wirhin two to five ?e2Z$ In more than five lears 487 J47 477.814 856263 585 J86 482,000 475,852 1.165,844 787,200 2.4(1(?,810 2,910.896 14. ALLOCATION OF THE GROUP'S NET ASSETS Net cuttent A8setsl {Liabili¢ie8) Fixed Assets Long tcrni Ltabilities Fund Balance$ Investments Lt3rc8rricred ftsnds Restrjcted funds Enduwmeiit Funds 22,831.903 1,390,8114 1927.828) 286,619 11,919,463) 21,375,416 286,619 1,291410 1.292,41a Chatity funds 21831,903 2.683,214 1641209) (1.919,46.3) 22,954,445 Subsi&arJes' resetve4 141 2.503 2,499 Gtoup funds 22.831.903 2.683,210 1638,7061 11,919,463) 22,956.944 35 DAUNTSEY'S SCHOOL FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 14. ALLOCATION OF THE GROUP'S NET ASSETS (contittu¢d) The 18Ad and builth.ngs lorniing tlie DauAt5ey's Schuol estate IS a mJxtuiY of endowcd Ix¥)d and b￿ldIng5 identtfied in the ChAnry C0mtnJs￿on SLheme dAied 2006 and datJn8 back to 1893, Artd oiher land and bllilding8 acqwrcd by the school from unte&rniied sutpluses loan FinAncr over the years. The scliool has develtsped building5 ori thc Site, and this hxs resulted in txew builds and eKteAsioThs spanning both the L'iidowed and unrestricted poitlons of thc ¢SiAte. ,Is the Govemors would not foresee 'a pO￿li0n where any ol thc pr(Jpertie5 OA the main schonl site would be sold. an?. xllocaiion b¢tween untestricied etidowed properry is e2Aingles% irt rhe overAII 4tratcgy of the school. ,4$ an approxitnation. the12nd and bwldin£s Luttenily tsccupyit)8 rhe cndowed site ire arca 45.10 of land and bujlditigs £22,30421 l as th"sclosed m Aote 9. ALLOCATION OF THE GROUP'S NET ASSETS COMPARISON 31 AUGUST 2022 Nei current A$sets/ (Liabiliues) Fixed Assets Long term liabilities Fund Balance& Invesknent8 Unrcstrictcd funds Restticred funds EndoThrynent Funds 23,093.431 1,377.202 (1.702,4571 217,037 19,7631 (2.428,8961 2U,331).280 217,037 1.279.515 1289.278 Charity funds 23,093.431 2,666.480 11.495,183) {2,428.890) 21.835.832 SubsJdiarJes' reserves {41 1499 Group futhds 23.09.3.431 2.666.476 11.492,080) {2.428.8961 21,838,331 15. MOVEMENT OF FUNDS Balance as at 01 Stp 2022 Jnvesiment Gains/(iA>sse8> and Transfets Balance #t 31 August 20 Expendiiure Uiirebtrictcd funds Re$irJcted funds.. 5chnol l)ursii rics other hur%aries 20.33().280 11.1_58,902 121.567,8261 1554,9401 21 J75.416 1568.4101 142421 125,lJOOI 121.2101 112,6201 568,410 4242 25.000 90.792 21 J26 17,575 charJtabl¢ trust ExEKAdable ertduwmerti lund$ Permarteni endowtnenr fund 217.037 743,130 536 J65 286.()19 7.IB.470 5_5.3.940 {13.3861 Chariry fund8 21,835,832 23 J17,837 {22.199.308) 84 22,954,445 Unrcsrrjcted fund$ Rc$tricted furtds.. %chool burgaries other bursaries teachin¥ chJrJ14ble trust ExFlldable endowment fuiid$ Petnixnent rndnurtneJ)i ￿1]d 20.341.779 23.158.902 12J,567,8261 15i4.9401 21,377,915 1568.4101 142421 I25,0￿) 121.2101 112.11201 568.410 4242 25,IlUO 90,7t)2 21 J26 217,1137 743,150 536,365 286.619 738.470 553.940 (13.1861 Gtoup funds 21.838J31 23 J17,837 (22.199.308) 84 22,956,944 36 DAUNTSEY'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 MOVEMENT IN FUNDS (Continued) DESIGNATED FUNDS The sihvul does not currcnt]y have %￿Y de￿￿alcd funds RESTRICTED FUNDS Re&i£JcLed Iwidb comprise xll0￿¢s ttceived fot capitsl proiccts and other 1￿cIfiC purposes. Once the Pur￿$¢ fnr which the moi)ie5 were receiv¢d lias been tne4 gtid on Ihe ba8iS that theie were no futther ie$tnctions rhat continue tti apply, the fui)d% are Irxnsfcrted to unresincied funds. PERMANENT ENDOWMENT FUNDS The perniAnent endowThcnt fuiid rcpreseiii$ monles received for the awatd of bursaries from funds tr2nsEerred from the Dauntsey's School Chanrable Trust and dottatsons during the yeAr. Trandets between hnd8 £568,410 was transferred frotn unregtticted to te%tncred futtd$. Thi5 compn$cd £4.1.3,821, the tninimum 20/& ol net f¥e income requtred 10 provide bursatie$, an obiecttve In the school's governjng document ajid £1.34,?119 Appkned at the discretion of the ttustees io augment this ubiecuve. EXPENDABLE ENDOIVMENT FUNDS EndoThrynellt fijnds repre%ent tnorues recejved for rhe award ufbursaries and ptizes. Balance a8 tISept 2022 BalaDC¢ at 31 August 20 Income Expendiwre Investment Gains Bursaties IlemeAs Bursapj, Fund I'oundation ]4ursary I,-und 321.442 346.Oi2 8,983 9,924 113.740) (6226) 15,737) (5,9901 310,949 343.759 Prit£ funds Physics Saltcr Gordon Sawiders Mcmorial Barron NIarsden Newsom BaRtiell Sidney GiibAt I lemeii I Ivckey Snund C.Iu7.ell Bobl)i' Nelstsn Jahn C70sling Pettinger laru Piddock Hugo Halke5 John,Ibnett Staiiton Aniia Kobeits Old I)xurtiseLan 1,781 4,139 11.013 50 117 1501 {1171 (3121 1481 1551 {441 (34) (80) 1215) 1341 138) 1,747 4.059 10,798 1.679 1.900 1.517 13,C?67 1,056 1,773 5.014 9,817 3,025 792 4,116 5,161 2.208 1.016 3,1144 11..366 48 55 1.944 1.547 13.938 1,077 1,808 395 31 51 145 283 87 23 1271) 121) 135) Iiix)) 1195) 160) 115) 181) 11021 1441 1201 {601 (2251 131) 151) 11451 12831 184 1231 10,012 -3,085 8n7 4,197 5.263 2,252 1,036 3,104 11.591 149 64 29 88 328 1291 1881 13281 Total 7S2,913 21.326 122J831 {13,3861 738.470 Pemianent endowmettt fund 536,365 17.575 553.940 Post year-el￿ bursary fund di$ttibutxotk 19.7631 9,763 37 DAUNTSEYS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202J MOVEMEwf OF FUNDS (cotktittued) MOVEMENT OF FUNDS COMPARISON 31 AUGUST 2022 Balance AS at 01 Sep 2021 Iocome Expenditure Investment Gains/{Losse&} and Ttansfer5 Balance at 31 Au￿st 2022 Unreslncted funds Rtstrictcd funds.. $thool butsaries oihcr bursaries teaching ihatitable trusr Expendable endDNvment funds Pettnaneni ejjduwmerti flllld 19.744.423 21,848.339 (20.705,9131 {547.569) 20.339,280 1542,3721 (7,i901 125,0(Kll 122,9281 112.1641 542J72 7590 25,000 13,718 )C),514 226,247 768.923 534,562 217,037 743,150 536,365 133.123) Chatity funds 21.274.155 21.9J5.964 {21 J15,9671 138.320) 21,835,832 Urtrctsrrictcd tund5 Re$trieted funds". school burSAries tsthet bursaries - teAchink chatilil)Ic trust '.xpend21?le endowineJ)t fi￿d3 l)ermRnctit cndowmcnt fund l9,746.922 21.848J39 (20,705,913) 1547,i691 20.341.779 1542.172) 17,i901 125.IKKII 122.9281 (12.1641 542,372 7.590 25,1100 1.1,718 19,514 1.803 226.247 7(18,923 514.562 217,037 743.150 536.365 (33,1231 Gtoup fund8 21,276,654 21.91?.964 121 J15.9671 8,3201 21.838,331 Transfer6 be¢ween futsds £542,372 was Tr￿lS(erred Eruin uAiesttiLtcd to re%tricied fiiiids. ThL5 beiiig £421.934. Ihc mitiimum 2Q/o OF net fee llicome Eequired to pio)MJc l)ursarxes. an obiecttve in tIIc 5cho(>1's govcmjng docufnent and £120.438 apphed or the di5Ctetion of Ihe Iruslees ro allgtnent thi5 objective. 38 DAUNTSEYS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 15. MOVEMENT OF FUNDS {continued) EXPENDABLE ENDOWMENT FUNDS COMPARISON 31 AUGUST Y)22 Endowment funds repre4tnt monLes teceived f()r the awird of butSAiies And prJ2e$. Balance a at I Sept 2021 Balance at 31 Augus1 2022 Income Expendithte Investment Gains Butsaties I IcmtJ15 Biirs2ry I'und Fot]ndArion Bur%ary l.'und 327277 352.110 8,3)5 8,7)9 114,191) 114.81D 321.442 346,052 Prixe fund Ph}rsics Salrer Guidon Saunders IL lemlirial B%rron .Nlaisden Ne￿￿0M BaRAell Sidney GI￿￿t Hemcns I lockey Sound Citizen Bobby Tr￿¢1$0n .lohrt Gosling Perriiiger ,Ilatti 14dduLk Hugo H#lke9 Joliii .Ibnert 1.8(17 4,339 11,544 1,796 2.038 1,622 14.610 1,129 1,895 50 116 3a9 48 55 43 392 30 51 144 281 87 (501 186) {199) 1.781 4.139 11,013 1.713 1,944 1.947 13,9.38 1.077 1,808 5,114 10,012 3,085 807 4,197 5,263 2,252 1.036 3.104 11.591 (3091 (481 (55) (43) 13921 (30) 151) 1144) 1281) 187) 1231 {1181 {1481 163) 129) 1871 13261 1831 1941 C151 (6711 1521 1871 12461 (4821 11491 1391 .3.2.34 846 4,399 5.517 2J60 1,087 3250 12,148 118 148 63 29 87 326 12.$41 1108) 150) 1150) 1558) Anna Roberts Old DaurttsciRn8 Total 768,923 19.514 12,4001 133,1231 752.914 Permanettt eAhdoThm¢nt (und 534.562 1.803 536J65 Post y¢at-end burB*ry fund distribution {9,7631 1(),7631 16. FINANCIAL COMMITMENTS 2023 2022 ex2ttng leascs PAy3ble'. WithIn ortc year In tlie secr)nd t(J fJEth ycxrs Iore than five year8 215.669 308,57) 249,411 245.786 Capitol expenth.ture conttacted for but not provided in the fjnancial si%temenis'. 39 DAUNTSEVS SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 17. FINANCIAL INSTRUMENTS Gtuup 2023 Charity 2023 Group 2022 ChArity 2022 inancial As$eis mca$ured at 2motti$ed cost (al FitJancJal *s5ets tneasuied Ilt fair value (til FinanciRI aisei% iii cash FinxnciRI ljahitsries measured at amortised cost It) 1,133.135 1,170J43 2.683.210 2.683.210 5,830.889 5,776.819 17.703.470) (7,689,111) 416.347 4i6.71i 2.666,476 2.666.480 6,264,945 6,209,775 (7,928,310) 17.916.Illnl FJAaAcial assets include Fee debiois, extras billed in July. other debtors, ?ccrued Jnc(Itne and amount5 due from subsjdixrv Fjnaticial Assets held at lair value included 2SStt8 held as investmejits Financ£al hxLiJhties Ji)clude bsnk loan, detrf)sits. Fee% JJI 3dYAtice. tiAde credirors, and other cteditors. (bl 18. RELATED PARTIES Thcrc arc memberg of the senioi leadership teatn who are associated with the School l?y hAviii8 childrcrt who are pupils at the bchool. During the year, th¢ son of a Guvernor wvrked at the school.'I'he Q?TrveTnor was not involi'ed in the recruttmettt prucess or setttng7 of temuncrA11011 fnr rhis position. .¥lr C. I I de N Luca5. a Govemor OE D311titfjcy'$ Sthool. is a ixustee of the Old DauntseJ¥As' ,Isyuci#uon Ilur5ary 19. TRANSFER AND UNITING ORDER On I September 2007 the £ssetS dllLI habibues atid operALons of DRuntsey'% Schoal I'(TrundAtion Ichority reystr3ti0n number 3094801 weie trxnsferred 10 DauAtsey'¥ Sclivol lihxrity number l 1156381, except Eor tlIDse a$sets identificd Jn the Chaiity CtsmmJ¥sion schetne auihonsing thai tTgnsfer. The Schcme also includes 2 unititig thrcctson. so thege fmxncial stateJneJit5 have been prepared on the ba515 tliat the nld chanry and Aew inco￿Oraled charity, ate combined for re￿[ting pUr￿￿e5. 40