2024-08-31-accounts

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEEI GOVERNORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2024 Charity Number. 1143359 Company Registered Number: 07724623 Registered in England IINiiilliiii AEIP9H¥6 IY2KIY2025

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) INDEX TO TrIE GOVERNORS. REPORT AMD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Govemors. and Adwfpers G¢)vemors' Annual Report. including Strategic Rewt 3-19 Independent Auditorfs Rewt 20-22 Consolidated Si*emenl of Financial Ath1t￿ 2024 23 ConsolKlated Smement of Financk?l Actmties 2023 24 Consolhlaled and Charitable Ccffnpany Balance Sheets 25 ConsolK4aled Cash FIN Statement 26 Chanty Cash Fltrw Slalement 27 Notes lo the Financial Statements 28-51 Unaudi(ed Appendices to the Financial Statements 52-53

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS ICQMPANY UMITED BY GUARANTEE) GOVERNORS, DIRECTORS AND CHARrfY TRUSTEES The Govemors of Lord Wandsworth Colkge Ilhe College"} are the chanty trustees under Chaty Law and the d1￿clOr$ of the charitable ¢￿￿pany. The membets of the Goveming Body who served in off￿e as Governors during the year and subsequently and the ccthmittee memberships are detailed belrMI'. R J Hannin9ton {Chairnanl- a). dl. 0 D Wwatts (wi￿ Chainranl- fj, il I￿SEgned 30 August 2024) J P RcJinson (v￿ Chaimian from 2 Saptembèr 2024}- al, Q S Aghnia laFpoinled 22 FtbnAry 2024} K A Barwd(- al (appointed 24 May 20241 A E Britton- cl C J Cazenove- cl, el, n, il IfesKJned B October 20241 S A Clements- bl, •), fj lrnswJned 30 Decemb•r 2024) R Elliot- al L Flèming- b}, cl, N C Goulding al, gl, h) D Gowan. al, dl. fj, il H Hammond - bl, e) R Henshilwood- el (re%9￿d 30 t)ecember 2¢T241 R G Janaway - al. dl, il A J Kenne- bl G Tongue- dl. il A Waller- el J Jorgènsan- el, laFpointed 16 December2024) {41 Firta￿ Commtttae Ibl E¢knabon Ccffirnittee {cl Regulatory & SaleguardirrfJ C(nmittee Idl CarnpLAB & Estatè Man*Jamènt ¢ommrti88 {el Marketir#J & FuTrJraisiTrJ Crynmitte¢ {fj Nominth"ons Ccfnmittee {gl P8nsKJns {hl LI￿ Enterprise5 Ltd {Il Stem Famis Ltd lil Health and Safety C¢mmiltee During the year the aCtiV￿e$ ol the cmjurted Ihrowh 6 ¢{￿M￿le$S notsd ¢)n pag8 4, a$ w911 a$ Ihrough thg St•m Fami Trustees. GOVERNING 80DY AND COLLEGE OFFICERS- KEY MANAGEMENT PERSONNEL A J Williarns W Bènnètt Headmaster OTHER KEY MANAGEMENT PERSONNEL A BattLson {ReS￿ne￿ 31 August 20241" S L 8adger (Resig￿[ 31 Augus120241 A CoCksw￿rth A Watson (Appointgd 31 ALPJUSt 20241 S Corfiekl P D Gemian C MacDonald D Wilde L SI￿alr (Appointed 5 Febnwry 20241 T Rimmer Ser￿Or CWutyHead Deputy Head Deputy Head Depuly Head DI￿¢10r01 Pljilanlhropy & Alumi Relat￿S OirectorofAdmiwons and mèrkgb.ng ctorolP L￿Ctor01Finar&e H6ad of&xlh

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY UMITED BY GUARANTEE PRINCIPAL AOORESS AND REGISTERED OFFICE Lord Wandsworth College. L￿g Sutton, Hcrf>k. Hampshre, RG29 1TB Advisers Investment Advisers Qudler Chevk)t Limited Senator House 85 Queen Street London EC4V 4AB 8ankers Lloyds Bank PIC 174 Fleet Roaj Fleet Hampshire, GU514DD Solicitors Chades Russen Spetthtys LLP One London Square Cross Lanes Guildf¢yd Surrey. GU1 1UN Auditors RSM UK Audrt LLP Davklson House Forbury Squa Reading Berkshire, RG1 3EU Insurance Brokers Marsh L¥nrted Caprtal House 1-5 Perryrnunt Road Haywards Heath West Sussex. RH16 3SY WE8SITE www.lordwandsworth.o

LORO WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) THE GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The members of the College Governing Body present their Annual Rep)rt for the year ended 31 August 2024 undef the Chari(ies Act 2011, including the Govemors. and Strategi Reports. under the c￿PanieS Acl 20C6, together with the audrted financial statements for the year. REFERENCE AND ADMINISTRATIVE INFORMATION The College was founded in 1912, is constituted as a c(Mnpany limrted by guarantee registered in England & Wales. No 07724623 and registered wilh the Charity CcthmissK)n, No 1143359. Detsils of the member5 of the Governing Body, together with the College's Offi￿r5 and principal thisers, a￿ gr¥en on pages 1 and 2. The College has made qualifying third paty indemnrty provIs￿n$ for the benefrt of rts directors durirwJ the year. These provisions remain in force al the rep)￿"n9 date. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming documents The College is organised and rnanag￿ in ￿)rda￿e wilh ￿ Articles of A5SCtialion ineorp)rated on 1 August 2011. GOVERNING 80DY The GoverThJrs, who are a150 the Direc￿ and Charity Trustees are legal￿ responsible for the overall management and Control of Ihe College. norrnal￿ meet four limes a year. The work of detaI￿d formulat￿n and implemenlalion of most of their policies is carr￿d out by Members of the Finance Committee, who meet approximatety weeks befo each meeting of the Governing Body. and by other execulNe sub-commrttees. The Chairman of Governors is a member of the Finance Committ&. The Governing Body is self-appointing, wth members appointed inf(ialty for five years in accordan￿ with AGBIS guidelines, and subject lo re-appointrnent every three years thereafter. The Govemors receive no remuneration or other benefft from their role wrth the College. Any matters invofving connections befv•een G¢)vemors and College staff or beneficiaries. or indeed any interests. such a5 contractual ￿￿onshipS with a related party. must be disclosed to the full Board and registered. RECRUITMENT AND TRAINING OF GOVERNORS New Governors are COMp￿hen$￿ety inducted into the workings of the College, including Governing Body policy and pr¢eedures, al an induction workshop organised for them by the Head and Clert lo the Govemors. The new Governors also attend specialist external courses. including training on the roFe and responsibilities of trus19e$. Governors attend external trustee training and infomiation courses desNJned lo keep them infomed and updated on urrent issues in the Sector and on regulatory requirennts They also benefit fr¢)m in-hcmjse training opportuniiies, spending time wrth staff and pupils and meetings with the Hewjmaster. Organisation and Leadership The members of the Governing Bc. as the Chanty trustees. a￿ alty re¥wisible for the overall management and onlrol of the Cdlege. The work of implementing their policies is carTd out by ewdhl sub-committees, Ilhe Finance Committee 15 as￿sted by Enterprise Diiectors and PensM)ns Trustees who convene separalelyl. The Finance Committee ￿r￿liniseS revenue, the budget lineluding fees and salaries) and capital expendrture. This Commrttee also ￿n$thr$ kjng-lerm forecasts. supervises finalises the audrted financial statements, prepares the annual report for appr¢)val by the Governing Bcty, and reviews risk management on behalf of the Goveming Bc>dy. It monitois the perfornian￿ and repth.ng of Stem Farns Ltd, LWC Enterprises Ltd. College pension $cheme5 and the investment managefs. The Education Committee considers edUc*￿nal linduding eoourriculun) and pastoral polry. The Regulatory & Safeguarding Celnmittee revws regulalory poficies required of the Cdlege, reviews the processes in place for monrtoring imprew￿nta￿0n Speerf￿alty in regard to regulatory safeguarding and child protection. It also oversees corrgliarKe with the arrangements for heatth and safety matters.

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARAKfEEI THE GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST X124 (Continued) The Campus and Eslale Management Ccmmittee super4ises and Monito￿ capital building projects and maintenance, ensures slralegt management of estate irKluding the fann and wc(Jland and seeks lo ensure the phased deveknprrenl of the Cdlege estate The Marketing & Fundraising Commrttee prclnotes a rrKJre market4ware cutture wrthin the College. develop5 and oversees implementation of the Marketing Pkn and monrtors fundraising actwrties lo support Foundation pupils as well as caprtal projects. The Nominattons Corrmrttee determines 811 nOMinat￿nS matters and makes ￿orn￿EndatI)ns lo the Goveming Body The day to day running of the Colkge is delegated to the Headmaster. Mr A(Jam Willvam5. and the Chief Operating OffI￿r {COOI, Mr Barry 8ennett {who also serves as Ckrk to ts Governing 8crfJy}, SUP[￿rted ty the Senior Leaéership Team and Business Leadership Group. Employment The College is an equal opportunits employer. consuiiats.on wf¢h empbyees, or their rgpresentalives. has continued al all levels with the aim of taking the v￿wS of employees into account when decIs￿nS are made that are like￿ to affe￿ their Inte￿$1$. Emptyees are made aware of the financial and econ¢)mie perfomiance of the College. Communicabon wrth employees conlsnues through normal management channels in a variety of forms and also to apprise staff of current issues. RemunerK•n is set by the Board. wr(h the objective of enhanced performanee and of rewarding fairty and responsibty the empbyees. contributK)n to College succe5$. Di$abllitio3 The College encourages appI￿at￿)nS from dISab￿d persons. makes adjustment5 to application and interview pro¢e$ses and supports staff who become disabled through the course of their employment via reasonable wortplace adjustments and access lo continu¢)Lt$ professional devekyment and training. INVESTMENT POUCY AND OWECTIVES Th8 College's investment oty"edives are I￿uSed upon supwting the Cole's charitab￿ Objects. This involves emphasis upon current and future needs by". maintaining lat least) the value of investrnenls in real lemis,. producing a consistent and Sustainab￿ amount to SUPF¥Jrt expendrture," and, ddivering these objectives wlhin acceptable levels of risk. Spe¢rf￿ investment 0￿"eCtIVeS are set for the Endowment Fund. Foundalioners, Fund, Capitsl Fund. and for the College's SUTplus liquNJty. The income from the Foundationers, Fund helps finance grant- making activities to Foundationers. The investrnenl strategy and asK￿lated distribution poI￿Y are reviewed annually by The Finance Commrttee. Investments are onty those considered suitable for a charity. including in respect of social. environmental or ethical consKleralp)ns and Ihe exlemal investment managers provide reports on a quarterty basis for review by The Finance Committee. OBJECTS. ACTbVITIES AND PUBUC BENEFIT Charitable Objects The Charitable Obieets are the advancement of edUCat￿￿n by maintaining and conducting a boarding and day school or schools for pupils for their secondary education with preference for thildren who have lost one or both parents. This includes awarding scholarships and priies based on assessed merit. and prowding bursaries on the grounds of means-tested financial need. College Mission Lord WarKl$worth College is a Social￿ inclusr4fe. C￿ed￿atIOnal. n￿￿enoMInatIOnal boarding and day foundation school. It focuse$ on the needs of each indivJual, white develcying in each child a con￿rn for others and a loyaKy t¢)wards the College communrty. It ensures th each pupil shapes their values arKI aspirations wrthin a stimulating and Supportive environment and strives constantty to improve the qualty of te¥hing and ￿rning.

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS ICOMPANY LIMITED BY GUARANTEE) THE GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 (Continued) Int•nded Impa¢¢ (of the College Mlssionl The vision ol the College is to Create Inward￿ se￿-cOnfident and outwar(IPy rrK)dest. CUriOLSS aThJ pas5KJnate young individuals who are ambitious to go and make a posrtive drfference in the world. Primary Objectives The fc¢us has eonlinued to be the advanceff￿nt of edUCat￿n in a boarding and day school for pupils aged 11-18, wilh foundation support for chIld￿n who have bst the support ol one or both parents. The College strives". lo deliver the best possible academic outcons for pupils.. engage with the wthr comrnunrty," to prtynole the College's dislinctNe boarding elhos," lo continue to devebp publ￿ Benefft through. for eXarnp￿, aceess lo educalp)n and facilils', and. lo develop the involvement of pupils in co-curricular ¥tMties. In doing so, the College has developed a Strategic Vision, which reinforces rts appr¢)ach lo promoting boarding. devek)ping tharacter education, extending pupil voice and fo¢u$ing upon improved standards of teaching and leaming. and Ihe associated fac11f(￿s. To fuwil these aims. the College is striving to-. ensure that Foundationers remain integral lo tPe lrfe ol the Cdlege and are fulty funded.. increase the College foll to reach around 750 pupils. Of note an appli¢ion has been made to the DE for merial change Irom 710 to 750. refine and execute the visw)n for 2030 and twond.. use the outdoors lo maximum effect lo enhance the pupil experience" be opinion-fomiing and leading in its region in Character Education- ensure each classrcom is equipped for maximum pupil impact.. and. embed fNe core themes of +1. +2. +3. Pupil Voice and Character Education into the ethos of the College. +1- what one more thing can you do lo make a differen￿ to others? +2- LWC aims for every pupil to stretch themselves beyond their perceNed academK limits +3- LWC a￿ pas$ione about welfare. wellbeing and g¢))d mental heath for all Pupil Voice- LWC aim to be a leading schcol in the UK Chaiacter Education- LWC aim to be a leading Yo￿e in the UK wrthin 5 years Princlpal Activity The College's principal activity. as specffied in the Memorandum of AssOc￿tion. 15 the ￿vancement of education. and, in this, the College has again a successful year. The Cdlege pr¢)VKles secondary educab.on lo boys and girls aged 11-18 years, both boarding and day. In September 2023 there were 680 pupils 12022.. 671) at the College of whom 57%12022'. 54%) board in some eapacity. 40% {2022". 41%) were gids and 4% 12022.. 4%) were from overseas. Warting lists exist. thus providing a measure of confi¢Jence that the College Can wilinue lo operate al full capacty for the foreseeable future. Thts success is a Tesuk of the reS0￿e to maintain the high standards for which the College is known and an ever-inueasing reputal*)n. LIAC has Iwo subsid￿ne$, which both gift aid their profrts to the College. rnF rm The principal actNity of the Company is that of arable faming. The fann conts.nues to make a profrt, which is grft aided bxk lo the College. and provides live interaction for the pupils, particularty in sctnce {modem farrrung lechniquesl. suslainabilty and business sludEs. LWC Enle rises Ltd The principal aclwty ol the Company is that of hiring (xrt residents.al and sports facilrties. This ensures that the assets are used to their maximum sxtside of curriculum lime. Enterprises a150 plays a key role in allowing the local communty to use the facilrties thus widening its fo￿ as a charity and being a full part of the communrty. Public Benefit The Governors gwe weful Consideration to the Charity Comm¢sSi￿.S guKlance on Public Berbefit. The Govemors are content that the Charrtable Obsecis are being fdk)wed and that sIgnrf￿anI PublK Benefr( 1$ being achieved by the College. The College remains commrtted lo the aim of provpjing publ￿ Benefit in accordance with its founding principles and the disdosure of its Putsl￿ Benefit aims. The Govemors h￿e complied WTih the duty in section 17 of the Charities Act 2011.

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARAKfEEI THE GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 {Continued) Scholarships This year the value of schdar5hips and prizes warded to pupiL8 amounled lo £182,929 {2023.. £240.088}. Scholarships are awarded on the basis of merit and sew'on is by examination. intsNiews and assessments in each indivtdual field.. academic. sport, perfmiTrJ arts. art, desvJn & tKhnobgy and all-round awards. The College has decided that in fLrture years spending on scholarships will be ￿L￿ed to allow rrK)re support to be given through means-lested bursary a4vards {whiL8t keepirYJ the combined spend bmadty srrnilar as a proportion of the College's overall income). Foundation Bursarles The awardin9 of bursafies for'those disadvantaged by a of supporv is a measurable mean$ of providing Public Benefit. 8ursaries we awarded to FOUndat￿r5 in accordarKe with the O'eds. Specif￿llY seledion criteria that frcus upon.. the need for pastoral care and boarding {Foundationer5 board - either flexi. weekly or fvll boarding).. a candidate's home and famity srtuatton., their ability lo thrive ￿adeM￿lty, integrate scrkqlty and c￿rtribLrte lo the College communty.. the famity's financial eircumslances Priority is given lo chikJ￿￿ who have lost a parent through death and meet the above criteria to the fullest extent. This year the College supported 50 Foundationers at a cost of £1.304.917 {2023' £1.190.0191. These pupils are from diverse backgrounds.. some have been bereaved, some have parents wrth sTrgnif￿ant health problems and are carers themselves,. others are living in kinship eare with members of their extended famity. Several have been witness to or have survived dornestic abuse or violence. The College wod(s with a V￿￿e range of partners who make referrals arKI rt continues to offer means4ested sUPPOrt. Communty Outreach Activities The College continues lo deliver outreach xtmty. Pupils have continued to engage in projects within the local community. including visiting Icul Residentsal Homes. helping out in the Long Sutton communty. hosting a regular Saturday activty club for 5-10 year olds and weekly vi5it5 to a bcal Infants Schcol to assBI in the classrooms. As well as provKling College resources and facilrties. many natN)nal and local ch￿ItIeS have been supported including., food banks at Atton and Basingsloke. Princes Trust. Maty Matters, St. m￿hael'S H05pice, Brain Tumouf Trust, Movember, Ma¢millan Coffee Moming, OEC Appeal and RObb￿'S Raltry. The sch(¥>l charrties of the year We￿ again. Esher College Africa Trust and Mary's Meals. Volunteering Volunteers help the College to achEve rts obJ-ectNes in many areas including the Duke of Edinburgh Award Scheme, the Combined Cadet Force. sport, the Stemk4n prcJramme. and the Friends of Lord Wandsworth College. which organises social events during the year. LWC has launched its own plattomi - LWC Connect, wh￿h has reached over 1.000 members this year. ThL8 inrtialNe will support the pupils with careers advise and menIC￿ng. Many of these members volunteer for ini(iati¥es in the LIK Futures prcgramme. The Govemors express their thanks and appreciation for this work in the furtherance of the Objects. arvj tw are, Lrf course, vdunteers theMSe￿eS in their g¢)vernan¢e of these.

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) THE GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 {Continuedl Provision of Facilities and Expertise The College is ren¢Jwned for some of the best faolites in the lttal and these a￿ made avaiwle to a wde range of users erther commercially or. in many cases. free-Of￿arge. Long Sutton Primary Sehool uses Vari$￿5 f&ilrts free-of<harge, including a weekly swimming session campirKJ. Famboiough Sixlh Fom7 College also uses Ihe wmming pool. In addit)n. the College has assisted Crondall Scout Group with canoeing and hosted the awards ceremony for Ihe Devvzes to Westminster carK)e race. Robert Mays School, Basingstoke DofE centre and Alton 8oys' Brigade have used the woojknd al rto cost for DolE expedrtic camps. Pupils from the Costello School in Basirvjstoke are enrolled into LWC'S CCF and take'part in joint ventures and residential trips. The College pool is used by various swim schc()ls and dubs, while the Dive Ability charity use the pool lo leach people with disabilities, including limbths veterans through their asS￿l￿)n with the Blesma charity. In particukr, fwe local erieket clubs use the encket faulrties, whije Hampshire H￿keY and Hampshi￿ Cr￿ke1 regular￿ hire facilitses for their junior development teams. FNe local football clubs and Ibree httkey dubs make use of the astro and foolball pilehes. while l¢xal running dubs. Hart and Sandhursl, st&ae eToss<ountry events in the wwdL3nd and surrounding fields. During the summer of 2024. the wiMb￿on S¢h¢)ol of English Thired L￿.$ boarding, leaching and sports facilrties for their 4-week residential eourse for 8-17 year-olds. In total 244 students from 27 countries stayed al LWC. In addi(ion. LWC hosted fv40 religious groups for residential stays. The Pundarika FoundalKJn's felreat week had 230 Buddhists red by the spiiitual teacher. Tsoknyi Rinwxhe. while Conlagb?u5 Bible Ministh"e5 had a or￿week camp for 160 young Christians. The College also hosts several non•residenb"al camps during sclKd holKlays. Next Level Camps rnn workshops and camps for 4-16 year-olds promoting chikl engagement in ￿tIvItieS which support academic, S¢xial and physical progress. Pentathlon GB and the Pony Club run mutti-discipline sports camps. while England Rugby and Activate run specialist camps in rugby. hockey. ￿￿ket, fc)tsall and netball. The College provides the fiekl behind the primary schcd to Lcfflg Sutton Parish Council at a peFpereom rent, providing the village with a reCreat￿n ground and Odiham & Greywell Cricket Club Trmlh a second ground. LWC staff are also involved in the coaching and adminEtrat￿n of crickel at 0dlh￿ & Greywell CC. STRATEGIC REPORT Achievements and Performance In recent years the Cdlege has fc<used ¢)n creating wulw assessment opportunthes and support programmes beyond the in-hall mcck exarns and on gwing pupils the tC4)ts for seff-agency and personal development through our unique collaboration wrth Charl un￿ft {a leadetship speualtstF Personal Lelership. At A Level, 51•h of grades were at A"IA. up from 30'A in 2023. while 76'A of grade5 were A'_B. Eleven pupils aeh*ved all As and A. grades. Departments that perfomied part￿Ularty well in temis of Value Added were Economics, Geography, Business and PhY$￿- all adding the equivalent of al least haw a grade lo the progress of their pupils. BTEC results were excellent with achieving DtsbnctiM" or Distr"nction. up from T￿ in 2023. At GCSE, grade 9 results were a¢hv&ved by 12.2•A of the pupils. 46.9% of the results were graded 9-7.

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) THE GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Icontlnuedl Achievements and Perforniance (continued) At Key Stage 3, the College's First and Second-Fomi pupils continue to ￿$￿)nd positively to the restructured curriculum {now in ils 4th year), wrth greater emphasis on subj'ecl-specffic skilEs taught through tOPiC-specrfic conlenl. Pupil choices from 2ffl4_ 10 3¥¢4onn have led to restructured curricular and a greater focus on leaming strategies, which is of significant benefrt as they approath the ￿ exam-fwused key stage5 for GCSE and A LevellBTEC. The College conlinLtes lo focus on A2RH (Artr(￿Je5. I￿prOaChes, Routines and Habits) to guKle and support the academic curriculum. Spiritual, Moral. Social and Culturnl education SMSC is embedded into school lrfe and linked lo assemblies. tutor perK#Js and Parentsl Engagement lalks, which look to support parents in their rde as 'tharxler t￿he$, for their child￿n. Pupils are encouraged lo lead ledures and talks. The College's Anti-Racism, Pride, Gender Equalrty, Mentsl Hearth and LWC Champions (for neurodNerse pupils) Committees are led by pupils and supported by staff. The Personal. Sc¢ial, Health and Economic Edu¢atton (PSHEEI spiral curriculum covers a wide variety of t0p￿s ¥L￿h as Values and Rights, Online life and Medk4, Keeping safe and Relationships and Sex EduCat￿n IRSEI. 7thy)rking in cthe eollaboratKJn WTth Chameleon PDE and the PSHEE Association. Sport It has been a bumper year for LIAC Sport with plenty of teaff6. sP￿ts and year groups getting on the winnerfs Fodium al County level, a real leslamenl lo Ihe coxhing staff. Heads of Sport, pupils, parents and the wider staffing bcAy. In Rugby, the Under 18 and Under 15 Boys ¥￿￿ Hampshire chamP￿ns, with the UrKler 16s losing in the final by one point. The 19t XV played in the final of the County Rugby 7$ and senior boys played for The Lambs. In hockey the Under 14 Boys and Under 13 Girls won the Hampshire Cup and 20 players from aeross the school represent county teams wrth 10 playing at England Talent Academies_ In cricket. the Under 14 and Under 15 boy5 were Cryjnty champions. the Under 13 Girts wefe the indoor County Champions and both the Under 15 and Under 13 girls came second in the Hampshire Cup. This yearfs canoe racing team ￿h￿Ved new h￿h$ in both the National Schwl Championships, and the Devrzes lo Westminster Intemat￿naI canoe race. In Ihe natKJnal schools, both the Novice and Experienced paddlers returned as nat￿nal champions. In the DW we had Ouf biggest entry to date wrth 26 students taking part, returning wrth 6 trophies including Isl schcd t4)al and team and 1st mixed doubles. In Equestrian. LWC won the Hampshire lrtle in both team Clas￿ (Dressage and 90¢ml with LWC students also taking Indiv￿￿01$ titles. Goff continues lo thrive, with links strengthening wrth I￿al clubs and goveming bod￿$ lo improve provisign and level of cornpetrtion. Indmdual success saw an Lvrfc pupil pkcing 4th in the World Pentathkjn nd Championships and winning the European Relay trt￿. arKI another ping 3rf in UK rankings for discus and 2 in the English Schools Championships. CCF The CCF has completed a ccvnprehenswe Pr￿TamMe. This Includ￿ three overnight exercises and a SLJccessful Adventure Training Camp in Snowdonia. Both Amry and RAF Seclions enjoyed excrting and challengin9 Summef Camps Whe￿ they were involved in a full range of actNitw eaming some badges for hyh qualty shooting. airnianship and fldcraft. The Amy Section cadets won the trophy for besl drill squad at the end of their Summer Camp. The RAF Cadets took part in the annual Air Squadron Trophy. In addition lo this success. the CCF had ￿de1$ who attended the selective National Air and spa￿ Carnp in the Summer. The CCF continues lo work closety in a successful partnership wrth cadets from the Costello Schc¢Jl in Basingsloke and numbers of new recwils from both schools Continue to grow. This partnership benefrts both schools in equal rneasure. Performing Arts LWC has continued lo grow Dance. Drarna and Must trM)th academicalty and through our co<urricular programme. We continue lo promote excrting and engaging prc¥Juth"ons throughout the year, 8llcMing for students ross all year groups to participate. Taking a production of 'OINer!' offsrte to the Haymarket Theatre in Basingsloke was hugely successful and raised the bar for future whole school annual prOduct￿n5. The Drama department's innovative prOduct￿n of Macbeth was well receNed by audiences and the 4b) fomi perf0m￿l Romeo and Juliet as part of the Coram Shakespeare Feslival, also at the Haymarket. LAMDA remains a ptyular co-currKuLqr actNty for pupils. EX￿ oulc¢ynes continue lo exceed expedations, including Grade 8 Gold Medals for our top achwng Students. Dance ccmtinues to thrive, wlh stLKlents' work through the year culminating in an impressive 'Evening of Dance. show.

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY UMITED BY GUARANTEE) THE GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 (Continued) Plusic The Music Department ¢Jelivered a busy pro3ramme of events including AutLNnn and Spring Tem) COn￿rts, the vocal coneert 'Music from Stage and Screen. and the 'Music Scho￿rs,. A hNJhty competrtive Cc￿er111 Cup allthved MUS￿l8n$ from across the se1K￿l lo shcmcase their talenL Pupils. achtvemenls have also been h￿hlIghted by ￿ se￿$ of excellent ABRSM and Trinty-Guildhall music exams, whilst several pupils have been accepted into the Hampshire County Youth Orchestra, the NYO Inspire orchestra and the Royal College of MUS￿ Junior Oepartment. St N•ot's Collaboratlon The Col￿ge entered into a fomwl collaboralK)n with St Neot's Preparatory Schtxl. Ever51ey in 2021. Since then Sl Neot's has gone from strenglh to strevJth. Since September 2023 a number of key evolutk?ns have taken pe n¢ably'. Pupil numbers increased from 298 10 325 Ihrtyjghout the academic year. An impressive perf0mian￿ noting that the school had a roll of 217 in September 2021. The Schwl has posted a cash surplus. Synergies between the two schools Continue lo grcrw. Edu&ional best practice is shared re9ulady and the Direciors within the Business Leadership Group continue lo ensure that they bring both schools ever closer tcgelher. A rebrar￿Ing exercise has been Ynplemenled using an oak leaf rather than the boar as the motrf ftt the school. 80th Goveming Boards have agreed to start the fomial pr¢￿5 lo legalty merge on 1 September 2025. The Head5 of Terrns f¢X this project were agreed on the 8 October 2024. Of note, on merger the sch￿1 wrfl continue to Irade as St Neot's and the management team will retain autontyry as regards the day lo day running of the school. Investment perforn￿nCe Al the yearnd, the Group's investrnent5 lotalled £13.8m 12023." £9.7m). The Governors keep the level of income withdrawn or re-invested under revyew to baLAn￿ the needs and interests of cyrfenl and future beneficiaries of the College's aclivilies. The Governor5 were not fully 5alisf¢d with the perf0m￿nCe of the investment$ Inoling they have been affe￿￿j by lh8 current econorn￿ crisis) and have moved an element of investments into short4enn gits. Fundraising perfomance The Foundation Day Appeal and Silent Auct￿ were W￿11 supported from across the Ll4VC Communty, and a rw overseas challenge t￿k to Iceland was L4unched for 2025. The College raised a total for fundraising of £521.992 12023". £633,302}. This was broken down as £277.580 from indNkluals {2023.. £406.6761 including £15,000 from legacies 12023." £49.640). and £244,412 from Trusts & Fountjalions towards Foundationer fees 12023.. £226,626). The College is hugely grateful to all its donors and supporters who make ils various charitable aclwities possible, and were delighted to see so many at the inaugura H&￿maSte¢S Garden Party as a way lo show the College's appreciat￿n.

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS ICOMPANY LIMITEO BY GUARAKfEE) THE GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Iconlinu•dl Section 172 Statement The Govemors have complth Wbth SeCt￿n 172 of the Compantes Act 2(Th as ft)I1ry￿S." The Govemors understand the importance of maintsining excellenl le￿￿)nShipS with all the College's stakeholders in order lo fu￿11 the primary objective of delivering the best possib￿ ed￿alK)n it can for all its pupils. The College has established a Slrategic Vision lo fuffil thi5. and its other cjectives, as noted under 'Objects. ktr"vrtie$ Publi 8enefil'. Goveming Bcty Committees The Goveming 8ody comprises several commitlees as noted on page 1. which undertake to eoncentrale on specrfic area$ of the organisation in order to achieve the best possib￿ cwtcome for the College. L¢)ng lem7 deC￿￿)￿S The commrttees make decisK?ns with the strateg￿ Vi%w in mind at all kn.mes vthich are at the full Goveming 80ty meetings. Employees Employee weware Is of great imwtance to the Goveming BcJy. who recognise ris importance to the successful running of the College on a daity basis. ￿ere WsSib￿ staff are abk to work flexibly. and they are eneouraged lo undertake training courses in order them to grow and develop. Meals are provided during lem-lime, sports facilities are mode available and there is aceess lo the School Counsellor rf required. The board weives regular updates on skff well￿eIng. health aTrJ safety, and safeguarding. Rela1￿nS￿ps with paTrnls. donoTr and suppliets The board recognises the importance of maintaining excellent ￿latIonS wlh parents, an¢J together with the Headmaster, the Senior Leadership Team. and other staff, endeavours to ensu￿ that the parenls are given the most positive experience possible by giving the best possib￿ a1140und educat￿n lo their chiklren. Ic3ether wfth regular parents, meetings, CoMff￿nICatIc￿S on a weekty basL%. inviLKns lo sports fLXtures. and other events such as musical. and Ihealri¢al evenings. The Fundraising Committee and the fundraisirwJ staff have regular Cont￿ with dorK)rs incIL￿Ying regular updales arKI invitations lo events. The board understands the importance of enga9ing and maintaining prC%Ju￿1ve relationships with sUppl￿rS in order to achieve the sr￿01b wnning of the Cdkge. Principal Risks and Uncertaintles The principal risk thi5 year has been the th￿81 of VAT on school fees ahead of and followrng a Latvjur Government election victory al the polls. formalised in the October 2024 budget. together with the ongoing cost of living crisis. VAT will appty lo schcol fees with effect frun 1 Januay 2025. The risk register has been re-written wrth partuL8r attention to the financial aspects of the College. tt continues to be regularfy monrtored by the Govemots. The current key risks are as folhyws: VAT on fees and the pa￿nIS ath'lty to afftjrd schcJl fees. This cojld affect both retention and more likely recruiting ol future pupils. High inflation res and the increas￿9 costs of all comnTr)dits. notty fLY)d and matonals. Ahhough reeentty stabiltsed. ener9y prices are conshjerabty higher than tefore the war in Ukraine started. Geo political uncertaintw across the wortd and they ￿ affect the Cole. Credit, liquidty and cash flow risks are overseen by the Fifta￿e Commtttee and managed directly by the Headmaster, COO and the SenK)r Leadership Team. The budget is ncfiv planned out lo 10 years lo albw for better management understanding as the College develops rts strategy. 10

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEEI THE GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 (Contlnuedl The Governors con5Kler the econom￿ orcumstances of recent years and the impact upon the affordabil ty of fees across the independent sector lo be of the main rsks fxed by t1￿ College. The Colkg8 is ￿rrenIty full, v wathng lsts, but there is no room c¢ynplacency. Safeguarding. Child Protection and Health and Safety remain stgnrfKant areas for r(sk management. The risks rawe frorn ensuring proper of off-site acbvrtres, compliance with slalLrtory requirements (e.g.firel, VghicLqlpedeslrian interfaces. College closure due to sncw and physical abuse of pupils or staff. HR risks are monitored cbsety and mrtvjated by a range of ￿￿sure$ i￿luding cLryrehensNe policies and. recrurtrnenl, compliance and rernuneration stralegies. The level and breadth of activty at the College is wnpTessNe and the risks asswaled with all activitE5 are minimised by thorough effective planning and risk assessment. Benchmarking and KPIS Benchmarking wrth like schods is frequent, detailed and senthnised robustty. The Board regularty reviews benchmarking and key performanee indKalors such as pupil numbets. % fee remIss￿n$, remuner8lKJn, investment performance and an OFerating surplus OA based on earnings after interest eijst but before depreciation and lax. FINANCIAL REVIEW Foll¢)wing the previou sly reported arrangement of the £15m 3.36% long-temi prbvale pla¢emont. the College has moved forward with ddivering its development wsb)n and plans. This approach provides the basis and confidence for pr(KeedirKJ with various campus d￿etynent pIar￿. R•sults for the year The group's net Income the year after gainslllosse51 on investrnents amounted to £2.633.231 12023". £1.733.3241. Gift Aid from LWC Enterprises Ltd an￿uftted to £150.291 12023." £87.2651. Reserves Level Policy The College's reserves Fdicy 15 to maintsin Suffic￿ unrestricted income reserves to enable it to meet ils short-lem financial obligations in the event of an unexpected revenue shortlall and to rely on the readily ￿alIsable investments as adequate cover for the College's longer4emi caprtal expendrture commrtmenls and any longer4em financial obligations. The Group's lolal reserves of £47.1 m {2023.. £44.Sml 81 the Year￿nd included £11.4m 12023.. £11.2ml endowment capital. £5.3m unspent restricted income12023.. £4.8m) £30.4m 12023.. £28.5m) unrestricted income after taking account of the £741k penshjn asset12023'. £941k assell. £19.3m12023.. £17.8ml of this represented the net boc& value of ffixed assets less associated inlemal funding a￿angements. leaving free reserves of £11,107.927 (2023.. £10,743,9811 for the group and £10.928.681 (2023.. £10.509.783) for the Colkge al the year-end. Capital Expenditure The Board's commrttrenl to mainlainirvJ the Cdkge's excellence has been reinforced by the ￿pital programme. Expenditu￿ on caprtal projects during the year amounted to £2.Lkn 12023". £2.2ml. The exlensive range of capital projects this year has Included a major refurbishment of the juni￿ Boar(Jing House (wrth more lo follow in the Summer of 20251. the refurbishment of most senior t4)arding houses. irrtqation wot* and road and carpark improvements. A comprehensNe review ol what ￿ required lo be updated over the next 5 years has now been established. This included a new Iransfomer for the main srte and work to an element of the staff housing. FUTURE PLANS The College's current Strategic Plan is su￿.eCt to ongoing devekyment and ￿ular reviw by the Governors. Strategy 2030 is reaching eomplelson sees ambrtK•us gr(hvth in numbers and output against a strong financial plan whieh supports further capital investrnent, increased numbers of staff and r￿n￿"On of recrurting and maintaining talent. The building element of thi$ pkn is wrrentty running through the planning prctess * Hart Distr￿t Council.

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS ICOMPANY LIMITED BY GUARA TrifEE} THE GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 (Continu￿} STATEMEFif OF ACCOUNTING AND REPORTING RESPONSIBILMES The members of the Governing Bc4Jy (who are abo the directors of the Cdlege for the purposes of company lawl are reswnsible for preparing the Annual Report and Ihe financwl ststeffenls in accordance wrth applicable law and Unrted Kingdom Accounting Standards. induding Financial Reporting Stsndard 102.. The Finanel Reporting Stsndard applicable in the UK and Republ￿ of IreLqnd (United Kingdom Generalty Accepted Accounb'ng Pract￿). Compary Law requires the Goveming 8ody to prepare financial sLm￿lS for each financial year vlhich give a true and fair view of the stste of affairs of the chaniable company and the group and of the income and expenditure of the charitable group for that period. In preparing these financial statements, the Goveming Body members were required to." • select suitable accountry F￿1￿ and then appty them consistentty,. • observe the methDJs and pri1￿1p￿ in the Charrt￿5 SORP.. makejudgmenls and accounting estimates th* are reasonab￿ and prudent", • stsle whether appluble UK Accounting Standards have been fdlchved. subject lo any malerial departures disclosed and explained in the financial stalements.. and prepare the financial statements on the going COr￿M basis unless il is appropriate to presume that the charitable company will continue in business. The members of the Governing W are responsible for maintaining proper accountsng records which disclose with reasonable accuracy at any time Ihe fina￿la1 posrtKJn of the charrtable ccKnpany and enable them lo ensure that the financial statements comply wf(h the CoMpan￿S Act 2006. They are also responsibk for safeguarding C¢Jlege assets and hence for taking reasonable steps for the preventson and detection of fraud and other irregularrties. AUDITOR The auditor. RSM UK Audrt LLP. is deemed lo be reappointed under section 487{21 of the Companies Act 201%. RELEVANT AUDIT INFORMATION In so far as eath of the Directors. as membefs of the Goveming Bcéy. at the date of approval of this report, ts aware there 1$ no relevant audrt infomali¢)n linfomation nee(Jed by Ihe Company's auditor in connection wrth preparing the audit report) of which the Company's auditor is unaware. Each member of the Governing 8c¥Jy has taken all the steps that he or she should have taken as a member of the Goveming B£￿ in order lo make himsell or herself awafe of the relevant audit In1￿mation aThJ to establish that the cC￿￿Y'S auditor is aware of that infomialion. 12

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GuARA￿￿EEl THE GOVERNORS. REPORTFOR 7HE YEAR ENDED 31 AUGusf2024 (Continued) CAR80N REPORT Streamlined Energy & Catbon Repo￿.n9 This report our1￿e$ the ener9y C(￿SUmpt￿)n. emi$s￿nS generated, steps taken to Knprove energy effrienry, and &nhancem8nts made to Ixost overnll enenjy perfomance, as ￿qUIred by the govemments st￿arnI￿ed Eneoy & Ca￿On Reporting (SECR) polKy. polw also applles to rhe Companies (Dtire¢lots' Report) and timrfed knability P8rtnerships (Energy and Cath ReK4yt) Regul8txv)s 2018. The sLxwo of the report covers am ac11vit￿S under tho organisat￿n,3 opeTrtth81 and financtsl confK4. Consumptlon (kwh) and Greenhouse Gas emissth {ICO2e) Totals The following fwures show the eneryy consumpt￿7 and asswated enmssK￿ ft)r the reporting pelic￿{ 1 Sep 2023- 31 Aug 2024 (SECR Year 4) forthe OffJanisalion's operations. Scope 1. 2 and 3 emissions in tCO2e for this reporting period vs previous reporting periods Srop8 1_NottYol￿￿. n12 934.93 2& 70625 Seop• 2-El8eiitilv1014asuFpWI 11 5copq 3. wnF)y•• ¢ornm¢Jte JJJJ 267. 217.7 94J)7 SKR 2WWI SECR•2im SECR SECI W231?4 Loffl Wandsworth College has ￿￿ted 979. 12 IC02e emissions for Scw l. with S.296.3￿ kilowatt-hours (kwh) of energy consumed from ffoss￿ fuels used in on-srte opeTrlk￿S and company4(ywned vehrles. This represpnls a cart>on Inc￿aSe 015. 79%, whrfe energy usage has MKrgased by 12.32% frt)m last year. 11 should be noted that there was a gas leak on premises. which combined wrth the m(arh colder year Uwt p￿V￿U$. contrrbuled lo a higher g05 115age in the repo￿ng period. Gas leak was fixed s(K￿ afterdiscovery. For Scope 2 the company for 217.73 tC02e. whde energy ¢c￿umpt￿￿Y is 1,051.564 kilowott-hours (kwhj. Scope 2 Consumpt&1￿ and ￿late to indired emissths relating to the consumpt￿¥ of purchased eleclncily in day-to-day business operalK￿. This represents a cart￿ decrease of 18.52%. while ene￿Y usage has decreased by 18.51% fmm lastyear. For Scopé 3 indirect emIss￿n$. in this ￿p(¥￿ng pen(￿, the￿ a￿ 131.89 tC02e. ￿th enefyy consumpfion of 546. 732 kwh. Scope 3 emiss￿ and enewy consumptfv)n indude Category 6 - Business Travel and Category 7- Employee Commute. Tths rep￿seNts a cath)n de¢￿aSe 6.87%. wh￿e energy u$8ge h&% decreased by 3.21% from l&%t year. In tolal, cart)on emissK)ns afe 1328. 73 IC028- decrease c4 0.42%. svhile energy usage is 6,894.645 kwh. an increase of 4.93%. 13

LORD WANOSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY UMITED BY GUARANTEE) THE GOVERNORS. REPORfFOR THE YEAR ENDED 31 AUGUST 2024 {Continu CARBON REPORT(ContinuedJ Consumption (kbvh) and GréénlThise Gas emlsslons ftC02e) Totals The following fuures show the consumptw and asswated emissK)ns f(x Ihis re￿¥1￿￿ year for our operation4 Wlth u￿S fffjm the previous reporting peri(xS In￿L￿d ft¥r comp81ison. Scope I consumption and emwions ￿late lo dI￿t combust)n of natural gas, and fuets ub"lised lor trdnswrt8fion operalwis, such as company vehKle fleets. Scope 2 consumption and emiss￿$ relate to emissi￿$ relating to the conSumpt￿n ofpuffhased electilcty in day-l<>d8y business opeTrtws. Scope 3 consumption and emissions relate to emiss￿n$ resuftiw frt)m souffjes nol dffecty owned ty us. This relafes lo grey Ileel (busine￿ travel undertoken in employee-owned vehicles) only. Totals The total consumption fkwh) fou￿$ for ￿portable en8rgy su[pl￿S 8IP 8$ f4YIows.' EMISS￿nS Energyconsumptionkwh Scope & Utility Scope I 202112022 2022/2023 3033/2024 .450,007 .715,264 ,296.349 Noturolg05, heuting oil,fjls. Scope 2 .400.153 .290.372 ,051,564 ElertfKity fgrid s￿le￿I Scope 3 92.083 64.849 46,732 EmN5510ll5 meosuredinclude.- Cotegory 6.. 8usiness trovel Cotegory 7.. Employee Commuting Totol 7.242.343 6,570.485 6.894,645 14

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARATr￿EE) THE GOVERNORS. REPOR TFOR THE YEAR ENDED 31 AUGUST 2024 {Continu041J CAR80N REPOR T(Continued) The fotal emissth (tC02e) fgures for st4Wi8s 8re 8s follcw& utitssed in t￿$9 calculations 8re detailed in the appendi¥." Emissions tC02e/yr Scope & Utility 2021/2022 202212023 2023/2034 Scope I 34.93 25.50 79.13 Noturol90s, heoting fvets. Scope 2 70.76 67.20 17.73 Electriuty fgrid St￿"e￿I 5cope3 include.. 6.07 41.62 31.89 Cotegory 6.. Busine55 trovel Cotegory 7.. Employee commutin9 Totrol 1.301.76 1,334 32 1,328 73 Int•nsity Metric In orrler lo prov￿8 a comparison ofthe energy efficiwKyperfomtsnce overlime. and with othermembers ol the irtlustry. the org8nis8tth prnV￿s ttpe ￿tenSty ralk? of IC02e perpupil and £I00.(J￿ oftumoverfor the annual lotal emissm￿s. and perpupH and £1￿.(￿ ofturnover￿ th8 annual total eneoy consumplh)n. Report¢ng Yeo TotalGHG Puptls emissions Inten&'tyrotio tC02e/wpil TotclEnergy IntewL51tyrGtJo kwpupil (tC02eJ ,162.05 SECR2020/21 -81 .247,014 SECR2021/22 ,301.76 i.(X)6.45 SECR2022/23 .334.32 .93 .570.485 SECR2023/24 ,328.73 .95 0.139.18 Lord Wandsworth College is cornpn￿ oflhree entit*s. L￿. L￿E Enteryyises. and Stem Fanns. The consumplAon and emission fwures are shown ￿low.. 15

LORD WANDSWORTh COLLEGE AND SUBSIDIARY UNOERTAKINGS (COMPANY UMITED BY GUARANTEE) THE GOVERNORS. REPORTFOR 7HE YEAR ENDED 31 AUGUST 2024 (Continuedj CARBON REPORT (Continuedj LWC & LWCE Combin•d Utility ond5cope 2023124 2022/23 3021/22 2Q20/21 Consumption Ikwhl Consumprion (kwhj Consumption fkwh) Consumption Scope l Ntsturol gos, heoting oil. fuels Scope2-Elettri¢ity fgrldsupp1￿j 5,122,265 4.538.696 5,290.277 4,446,970 1.030,655 1.273.030 1.391,946 1,351,885 Scope 3 - Business trovel employee comrnute rotol 546.732 564.849 385,969 258.255 6,699,651 6,376.575 7.068.192 6,057,110 Jtiljty ortdscope 2023/24 2022125 202'/22 2020/21 Consumption ItC02eJConsumption {tC02eJConsumption {tC02e?ConsumptAon ftC02el 34.60 79.65 93.91 766.35 Scope l Noturol gos. heoting oil. fuels Scope2- ElectrAcitylgridsuppliedJ 13.40 63.61 69.17 87.05 kope 3- 8￿inesS trovel, employee cornmute Totol 31.89 41.62 1.14 1,279.89 1.284.87 1,259.02 1.115.67 16

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEEI 7HE GOVERP40RS' REPORTFOR THE YEAR ENDED 31 AUGUST 2024 (Contlnued) CARBON REPORT (Continued) Stem F•nns utility ondscope 2Q23124 2022123 2021/22 2Q20/31 Consumption (kwh) Consvmptjon Ikwhl Consumption {kWhJ Consumption Ikwhl 174.085 176,S68 165,845 166.250 Scope l - Noturol gos, heotin9 Scope2. Electricitylgridsuppliedj 20,909 17,342 8,207 22.970 Totol 194,994 193.910 174.052 189,220 Lltility ond5cope 2022/23 2022/23 2021/22 2020/21 Consumption ItC02elConsumption ItC02e}Consumption IrC02elConsumption ItC02pl 4.52 5.86 2.49 2.59 Scope l - Noturol 90$, heoting oil fuels Scope2- Electricity fgrK15uppltiedJ -33 -59 .59 .88 Totol 48.85 49.45 44.os 47.47 17

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) THE GOVERNORS. REPOR TFOR THE YEAR ENDED 31 AUGUST 2024 (Continued) CARBON REPORT (Contlnued) Enenjy EifKi•ncy Impmvements Sustainability and Eneryy Efficiency Initiatives Lord wandSw￿th College has made n¢￿e￿￿Y prcgress i>ver the p8St yew ￿ advan￿ng energy eff￿lency, dfjcathnisat￿￿. andsuSt&nab￿￿8[ffOrts. Key acliwements inclikle.. . Renewable Elecencity Supply - The College has transrtwed to a fully Apnewable eleclricty contract with Npower. ensuring that all electricity Consumpt￿ now comes Irom renewable sources. s@nfftanlly fftyucing the artM￿ footprint. Deca￿onI$8ti0n Feasibility Study - A comprehenswe deca￿￿lsa1X￿ rea￿￿￿lty study was conducted. entrfying potent￿ aTras for improvement. The stutys reGommendalKW will be ￿vWe￿ and Knplemenled whe fe8sible, guiding the College toward a Ithv-cart)on futurn. . M&E and Fabric Surv•y - A full mechani81 electrKal (M&E) and ffab￿ suThey hès been Completed, producing a 10-year costed Planned Preventolive IAaintenance (PPM) ￿an. The suryey alwns with the decartjonisation strategy to ieduce heat loss and guide Ihe ￿n$￿￿1 a¥vay from fosS￿hJets over thg coming years. . Green Committee and Accreditation- The G￿n Commfftee, diiven by pr￿ts"ve pup￿ invdvemenl, continues to pffjmole suslainable practices across the College. Green Flag accredrtation has ten maint&ned. ￿r1ectIng ongoing efforts lo improve habits and increase envIr￿mental 8waTrness. . Solar Eneryy Initiatives - New sdar aTrays have been inslalkd at Haygate and Part Annex. both of whth a dependent on electiycity for healing, hol water. and power. The systems are equipped wrfh inverters. ensuring 811 generated electricity is used on-site. enhancing eneoy seff-s¢knncy. . Wat•r Conselvation Efftirts - F￿lOWNr￿j the idenlrfKatryi of swnthant water leaks 8CIDSS the campus. prompt medial ocb.on has ￿sUlted in a substantial ￿d￿¢t￿n in G(y)liniKXJS water usage from 160,LXXI Cub￿ rnete￿ perday lo approximalety 40,000 cutsc melers per day. Further investwati￿s are OngON￿ to address remaining issu&s and (ylimize waleruse. . Cycle to Work Schem•- A rth Cycle to Woth schem8 has been Intrc￿uGed as part ollhe staff benofrts packligg. This inrtialwe aims to PfDmole well-tseing and reduce rel￿nCe on diesel and peIn￿ vehKles. encouraging mor8 sustainable commuting praCt￿S. These actions demonstrate Lord Wandsworth Cthlleges offJoing commitnyent lo sustainability. alwning operatH￿S with broaderenvironmental goats and enhancing the efftiency ￿￿$0￿￿e use. 18

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARA TrifEE) THE GOVERNORS. REPOR TFOR THE YEAR ENDED 31 AUGUST 2024 {C¢>nts"nued) CARBON REPORT(Conflnued) RePo￿ng M•thodology Scope 1, 2, and 3 consumplion and C028 emissions data has been cakulaled in line with the 2019 UK G¢)vemment environmental reporting guKlance. EmisS￿nS Factor Database 2024 ver$￿)n 1 has been used. utilising the published klNh gross caorific valug ICVJ and kgC02e emiss•)n$ factors reknnl for reiyyts'ng period 0110912023-31108r2024. Lord Wandsworth College operates a small fieet of 10 minibuses. 4 vth ￿$. 2 trnctors and a pts)I car. wrth inlemal ombustion engines, burning diesel fuel. Addrt￿na1Iy. Ihere are 4 gators used on site onty. buming petrol as fuel. Also on site there's usage of buming ol. gas ¢yl and petrol. for various purposes, an¢J natural gas. mainty for heating. The recofds note amounts of fuel bumed, in lrtres or kth, and the mileage for the vehic￿. Cakulations were conducted using the most appropriale emissions factors, to cakulate the emissions and energy cOnsun￿d. A gas leak wa$ identified on the P￿mISeS during the repofbng pertij. which. abng wrth the signrficantly cokler year compared lo the previous one, led lo increased gas usage. The gas ￿ak was promptty repaired after rt was discovered. For Scope 2. data was collected on the usage of eWric energy. Data was gathered to ascertain the company'$ consumption and with the goal of improving the perlormnce by rtslutsng it to onty essenlkil utilisation. Seope 3, Category 6 - Business travel. is ￿ athvrty that is not very influenl*l in the overall sense of the quantity of emissions it produce5. Nonetheless, continuous monitoring of the actNitss here enables the organisation to measure and keep track of Ihe emissK)ns. Levels in this perictyJ were estimated lo be on par with previoLt$ years. Scope 3. Category 7 - Empwee Commute is also included and calculated. A comprehensive aTrJ detailed inlemal survey was conducted lo calculate the emissions stemming from the daity cx>mmute and homeworking for the employees of Lord Wandsworth Coltege. The survey c¢)vere(171YA of the employees of the company. and th8 results were extrapolated to cover all the employees. lthere piecise data was not availab￿, estimations and extrapoIatb￿ were used to accommc4Jale for missing information. all done wrth the purpose of making sure a full year'$ w¢rth of data. as is required. was used in the calculatw of the GHG emissions and the energy consumption. Intensty metrics have been eakuLqted using lolal tC02e aThJ energy usage foures and plotted them against the selected perfomian¢e indicatrx rewant report perio(I'. number of pupils. Approved by the Goveming Bcxfy of Lonl Wandsworth Cchyege. induding, in their capacify as comp8ny dirnctors. 8ppToving the Di￿¢t0￿, 8nd StTrtegic Reports C￿lained theTrin, and signed on its behallby." RobsrtJllanrJinskon Robert Hanningtorj Chalmian of Goveming Bc<ty Dal8 20101125 19

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF LORD WANDSWORTh COLLEGE Opinion We have audited the financia ststements of Lord Wandsvnrth College (the 'parenl charitsble company'l and its subsidiaries Ilhe 'group'} for the year ended 31 August 2024 whieh comprise the Group Statement of Financial ActNf(ies, the Group and Charity 8aLgnee Sheets. the Group and ChaTrty Cash Fbw Statements and notes lo the financial statements, including swnrficant accounting polKies. The financial rep)rting framework that has been applied in theii preparation is applicobk and United Kingdom ￿countIng Standards, including FRS 102 'The Financial Reporting Standard appI￿le in the UK and Repu￿1¢ of Irthd- Iuniled Kingd￿ G8neralty Accepted Accounting Praclits). In tsjr ownion the financial ststwnts" give a true and fair view of the stale of the group's and the parent charitable company's affairs as at 31 August 2024 and of the group's incoming resour￿5 and application of resources. induding its income and expenditure, for the year then ended" have been propedy prepared in ￿cordanCe with United Kingdom Generally Accepted Accounting Practice", and have been prepared in accordance with the requirements of the Compan￿5 A£1 2C￿￿. Ba51$ for opinion We conducted our audrt in accordance with Inlemational Standards on Audrting (UK} {ISAs IUKII and applicable law. Our Tesponsibililies under those startdards are hjrther described in the Audrtorfs responsibililTres foi the audit of the rinaneial statements section of our report. We are indepermlent of the grcNJp and paienl charitable company in accordance with the eth￿1 requirements that are relevant lo our audrt of Ihe financial slatemerrts in the UK. including the FRC'S Ethical Standard and we have fuffilled our other ethical reswnsibililies in accordance with these requirements. We believe that the audit wdence we have obtained ts suftnt and appropriate to provide a basis for our cpinion. Conclusions relating to going concem In auditing the financial statements. we have corKluded Ihat the trustees. LBe of the going concem basis of accounting in the preparation of the financk81 slalements 15 appropriate. Based on the WO￿ have performed, we have nc identrfd any material uncertainties relating lo events conditions that. individually or collective￿. may east sJnthcanl doubt on the group's or parent charitsble company's ability lo c¢Jntinue as a going concem fof a FerK>d of at ￿$t twefve months from when the financial statements are authorise(I for issue. Our responsibilities and the responsibrlibes of the trustees ￿1th re¥Ject lo going concem a￿ descrited in the relevant sections of Ihis rewt. Other information The other inf¢ymalion comprises the infomiion induded in the Govemors. Report other than the financial slalemenls and our audrtorfs report Ihereon. The tnJslee$ are responsible for the other information eontained in the Govemor5' Report. Our opinion on the financial stalements does not cover the other lnforrnal￿n and. except lo the extent olherwise explicitly staled in our re￿t, we do not express any form of assuran￿ conclusMJn Ihereon. Our responsibilty is to read the other Info￿at￿)ft and, in doing so. ￿nSider whether the other information is materially inconsistent with the financial statements or our kn¢ythedge obtained in the audit or otherwise appears lo be materially misstated. If we idenlfy such material ineonsislenes c apparent material miss18lements, we are required to detemine whether this gNes rise to a material mi55tatement in the ffinancol statements themsefves. If. based on the work we have performed. we conelude that there is a material missLitement of this other infom)81ion. we are required to report that fact. We have nothing to rem in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the eoutse of the aud(<". the infomialion given in the G¢>vemors' Report wh￿h ineludes the Direetots. RerM)rt and the Strategic Report prepa￿￿ for the purposes of ccfflpany law. ihe financial year for wh￿h the finarKial sL*emenls are prepared is consislenl with the financial stalemenls". an the Directors, Report and the Strategic Report inclLKled within the Govemors. Report have ￿en prepared in accordanee with appluble legal requirements. 20

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) INDEPENOENT AUDifoR'S REPORT TO THE GOVERNORS OF LORD WANDSWORTH COLLEGE Icontinuedl Mattets on vknich we are requir¥d to report by exception In the light of the knowledge and understanding of the group the Pa￿nI charitable company and their environment oblaine¢J in the course of the audr(, we have not Klentrfd material mtsststements in the Directors, Report or the Strategic Report includetl wfthin the Govemors, Report. We have nothing to in respect of the fonwrwJ matte15 where the Companies Act 2006 fequires us lo report to you ff, in our opinion.. adequate accounting records have not been kept by the parenl chanlable company. or retums adequate for our audit have not been receNed from branches not wsited by us.. or the parent charitab￿ company fin￿481 s￿￿ements a￿ not ￿ agreement with thg accounting records and relums., or certain di$do$ures of governo￿, rernunerat￿n specffied by l&v are not made". or we have not receNed all the infomiatjon and eXpla￿tionS we require for tsjr audit. Responslbllitles of trust As explained more fulty in the Slateffent of G¢)vemors' responsibilities set out on p3e 12, the govemcKs (who are also the directors of the Charitab￿ company for the purposes of company lawl are responsib￿ for the preparalKJn of the financial slalements and for being satisfied that they give a true and fair view. artd for such inlemal control as the govemots determine is necessary to enable the preparatw)n of finarKial stalemenls that are free from material mi5slalement, Nvhether due to fraud or error. In preparing the financial statements, the govemors are responsib￿ for assessing the group's and pa￿nI charitable company's ability to continue as a going corKem. dis¢bsing. as appluble, matters related to going concern and using the going concern basis of acC￿ntIng unless the govemors either intend to IiquKlate the group or parent charitable compary or to cease operations. or have no realist￿ attematNe txrt to do so. Auditorfs responsibilltles for the audit of the financial statements Our o'ec¢ives are to oblain reasonable assurance about whether the financial smements as a whole are free from material misslalemenl. whether due to fraud or error. and to issue an auditor's ￿pOrt that includes our opinion. Reasonable assuran￿ is a h￿h kvel of assurance, bul is not a guarantee that an audrt conducted in accordance wrth ISAS IUKI wll a￿lay$ detect a material misstatement when rt exists. MiSstaten￿nts can arise from fraud or error and are considered material rf. indNidualty or in the aggregate, they could ￿asonabty be expected to irffluenee the economic decisions of Ltsers tsken on the basis ol these financial sLemenls. The extent to vthlch the audit ¢onsidornd capable of detecting irregularities. including fraud Irregulanties are instsnces of nOn-C￿P1Ian¢e with Lqws and regulations. The obl￿tiveS of OLsr audit a￿ to obtain sufficient approprwle audit evKlerte warding compliance wilh laws and regulat￿nS that have a direct effect on the determination of matefial amounts and disckjsures in the financpl slatemenls. to perform audit procedures to help Klenlfy instances ol non<ompliance with other laws and regulati￿$ that may have a material effect on the financial statements, and to respond appropr￿le￿Y to Jentsfied or suspected nC￿-ComPlran¢e wrth laws and regulations Klenlified tjuring the audr¢. In relation to fraud. the objectNes of our audrf¢ are lo i¢Jentfy and assess the risk of material misstatement of the financial statements due to fraud, to obtain suffKienl appropriate audrt eV￿ence regarding the assessed risks of material misslalemenl due to fraud through designing and implementing appropriate responses and to respond appropriatety to fraud or suspected fraud idenltfied during the audit. However, r( is the primary responsibilty of management. wrth the oversvJht of those charged with governance. to ensure that the entty's operations are con¢lucted in accordance wiéh the provisions of laws and regulations and for the prevention and detection of fraud. In identfying and asses￿n9 risks of material misststement in respect of irregularrties, including fraud. the group audrt engagement leam.. obtained an UnderS￿ding of the nature of the S￿l￿r. including the legal and regulatory framework that the group and parent chari(able company cyere in and the group and parent charitable company a ccmmplying wrth the legal and regu￿tOry framework", 21

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS {COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF LORD WANDsif4oRTH COLLEGE (Continued) inquired of management, arKI those charged wrth govemance, abcArt their own thnlthcation and assessment of the risks of irreguLarities. includir¥J any knu4¥n &tual. suspected Of alleged instances ol fraud., discussed matters about non-compliance wr¢h laws arKI regulati(￿$ and h(yN tr￿d might occur including assessffonl of hcM and wheJe the financial statemeJts may be susceptible to fra￿J. AS a TesuA of these procedures we eonsider the most son1r￿n1 laws and wulalDns that have a direct Nnpacl on the financial statements are FRS 102. Charitiès SORP IFRS 1021. Companies Act 2CK%. Charities Act 2011. the parent harrtable company's goveming document. tax iS￿li0n and Charits {Prolection and Sctial Investment) Act 2016. We perfomied audit procedures to delect non-compliances whKh may have a material impact on the financial statements which incl(Kled reviewing the financial statements including the Truslee5' Report. remaining alert lo new or unusual transactions which may not be in accordance with the governing d￿uMents, inspecting eoffespondence wrth local tax authorities and evalualirKJ th'ce received from extemal advisors. The most signtficant t￿$ and reguLqtsons that have an indirect impxt on the financial statements are The Education {Independent School Standards) Regulations 2014. Keeping Children Safe in EducatKJn under SeCt￿n 175 of the Education Act 2002, and the UK Genefal Data ProteclK)n Regulation IUK GDPR). We performed audrt procedures to inquire of management and those charged with govemance whether the charitable company is in compliance with these law and reguklhjns and inspected correspondence wilh regulatory authorties. The group audit engagement team NJenlrfd the risk of management override of controls and the risk of income recognition as the areas where the financial ststements ￿le 4rL)st susceptible lo material misslalement due lo fraud. Audit procedures performed included, but were ncrt limited lo. testing manual joumal enlrw and other adjustments and evaluating the business rath?nale in relation to swJn1f￿nt c unusual transactk)ns and transactions entered into outside the nomial course of business. Furthermore. a sarnp￿ of revenue transactions ￿e0rded either side of the year end were lesled lo confimi they had been reccgnized in the appropriate period. A further descriplKJn ol our responsibiifties for the aLtdrt ol the financial slalement5 is provided on the Financial Reporting Council's website at http'.IlV￿M.frQ.Qrg.ukIa￿dItorsreSpo￿sIbljlLE5. description foms part of our auditor's report. Use of our report This report is made soldy to the charitable cc*npanls members, as a body. in accordance wrth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members Ih05e mattets we are required to stste to them in an aud((orfs report and for no other purpose. To the fvllest extent permitted by law, we do not accept or assume resFonsibility to anyone other than the charitable company and the charrtabk company's members as a body. for our audrt work. for this report. OT for the opinions we have fomed. Kerry Gallagher (Senior Statutory A￿jItor) For and on behaN of RSM UK AUDIT LLP. Statutory Auditor and Chartered Accountant Davidson House Forbury Square Reading Berkshire, RG1 3EU Date 31101125

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEEI CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING IPICOME AND EXPENDITURE ACCOUNTS) FOR THE YEAR ENDED 31 AUGUST 2024 Notes Unrestricted Restrictsd Perrnan•nt Funds Funds Endowment Funds Total Funds 2024 Income and endowTnents from: Charitable actlvities School fees receivable Ancillary Ifading inc Other trading activitles Non-ancillary trading activitses Other actNities Investments Investment income Bank and other interest Voluntary sources Oonations and legacies Total income 20.243.888 265,515 20.243.888 265.515 829.367 147.265 829.367 147.265 259.835 248,542 112,962 372,797 248.542 146,910 22 141,322 130670 243 632 277.580 22 384.954 Expenditure on: Raising funds Non•ancillary trading Financing costs Irwestmenl management Fundraising and devetopment Tota deduth.ble costs 493,355 476,271 14.927 493.355 476.271 14.927 223,846 1,208.399 1.208,399 haritable activities Education and grant making Total expenditure 19.294.037 20.502.436 26.450 26.450 19 320487 20 528 886 10 Gains on investment5 17 212.160 405,113 159,8 777.163 Net income for the year 1.851,046 622,295 159,8 2,633.231 Pension scheme actuarial gains 12 69.000 69,000 Net mov8ment in funds for the year before transfers 1.¥20,046 622,295 159,89) 2,702.231 Funds expended 25 1132.514) {132.5141 Transfers between lunds 25 {50.WO) 50,000 Net movement in funds for the year 1.870.046 489,781 209,89) 2,569,717 Fur￿5 brou9hl forward 25 28.502.543 4.84S.37S 11.193,531 44,S41,449 Funds carrled I0￿1rd 2S 30,372 589 5.335.156 11.403.421 47,111,166 The Statement of Financial ActNTiies has been wepared on the basis that all operalions are continuing. There are no other rKognis•d gains or losses other than those passin9 through the Statement of Financial Activities. 23

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEEI CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE . ACCOUNTSI- COMPARATIVE PERIOD FOR THE YEAR ENDED 31 AUGUST 2024 COMPARATIVE INFO￿TIoN FOR 2023 Note5 Unrestricted Restricted Pemianent Funds Funds Endowment Funds Total Funds 2023 lTrcom• and eft￿￿￿nts from: Charitable activities School fees recewable Ancillary t￿jIng income Other trading a¢tlvitie$ Non-ancillary trading aclimties Other acliwl*s Investments Investment income Bank and other interest Voluntary sources Donations and bjacies 18,328,008 427,689 18.328,008 427,689 830.189 203,497 830,189 203.497 185,000 198,094 114.376 299.376 198,094 203.245 203.431 Total Income 20.375.722 317.807 20 693 529 Expenditure on: Raising funds Non-ancillary trading Financing costs Investment management Fundrai$irvJ and devekjpment Total deductible costs 686.024 486.822 22.599 226.443 1.421.888 686,024 486,822 22.599 226,443 1.421,888 Charitable activities Education and grant making Total expenditure 17.131.279 18,553,167 28.029 28.029 17,1 59.308 18.581.196 10 (Losses) on investments 17 (254.599; 190.397) 134,0131 1379.0091 Net income for the year 1,567.956 199.381 134,0131 1.733.324 Pension stheme actuarial thses 12 (144.(IXI) 1144,0001 Net movement in fvnds for the year before trnnsfers 1,423.956 199.381 134,0131 1.589.324 Fur￿$ expended 25 (83.5231 (83.5231 Transfers belween funds 25 160.1051 60.105 Net movornont in funds for the year 1.363.851 115.858 26,092 1.505.801 FurKls brought forward 25 27,138,692 4,729.517 11.167.439 43.035.648 Funds carfled forward 25 28,502,543 4 845 375 11 193.531 44.541,449 The Ststement of Financial Activities has been prepared on the basis that all operatKffjs ale continuing. There are no other recognised gains or losses other than those passing through the Statement of Flnanclal Aclivilies. Company Number. 07724623Chanty Number: 1143359 24

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) CONSOLIDATED AND CHARITABLE COMPANY BALANCE SHEETS AS AT 31 AUGUST 2024 2024 2023 Group Charlty GfOUP Charlty Fixed Assets Tangible assets Investment propert Investments 15 16 17 42.946.809 150.000 13 807 188 .903.997 42.434.393 150.0(KI 13.972 263 56.556,656 41.940,709 150.000 9.727.190 51817.899 41,529.992 150,000 9,892,265 51.572.257 Current Assets SlcLks Debtors Investments Cash al bank and in hand 18 19 269.654 4,195.787 262,057 3.871,261 5,039,436 2,224,514 11.397,268 4.079,231 1,000,CrfJO 6.660,404 11.739.635 3,675,112 5,039.436 2 057 961 10.772,509 6 820.103 12.285.544 Creditors.. Amounts falling due V4rthin one year 21 (6.612.644) {6.448,1161 (4.624,4451 (4.416.959} Net current assets 5,291.519 6.772.823 6 355 550 Totsl assets less current Ilabilitles Creditors.. Amounts falling due after more than one year Net Assets before pension adjustment 62.576.897 61.848.175 58.$90,722 57,927,807 16,2￿,731 46.370.166 16,169 671 45.678,$04 14.990.273 43,600.449 14.972.273 42.955.534 Pension Scheme asset 12 741.0 741.OCQ 941.000 941,000 NET ASSETS 47 111.166 46.419 504 44,541.449 43 896 534 unrestri￿ed funds Designated funds 25 25 28.293,812 2 078,777 30,372,S89 27.602.150 2 078 777 29.680,927 26,807,057 1695 486 28,502.543 26,162,142 1695 486 27,857,628 Reslri¢t8d funds 25 5.335,156 5.335,156 4.845,375 4,845.375 Perrnanent Endowment funds 25 11.403.421 11.403.421 11.193,S31 11.193,531 TOTAL CHARITY FUNDS 47,111.166 46.419.504 43.896,534 As permitted by $408 Companies Ad 2CQ6, the Charity has not presented its tyvn Statement of Financial Actmties and related notes as il prepares group accounts. The Chartys nel movement in funds for the year were £2.522.97012023'. £1,597.222}. The financial Statements on pages 23 to S3 VI￿ approved by the Board of Govemors and signed on rts behaw by.. JamLgS Robinson Rob8rtJl*anninsPon R J Hannington Chairman Dated.. 20101125 J P R¢)binson Chairman Finarte Ccrnittee 2710V25 25

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS ICOMPANY LIMITED BY GUARANTEE) CONSOLIDATEO STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Net cash infflow frem operating actNities {Nole (i)) 6.596.242 3.147,178 Cash flows from Investing activitles Payments for tangible fixed assets Receipts from sale of tsngible r￿ed as5ds Movernents in investments Investment inc¢￿e and bank interest (2.534,2401 175.9CQ 13.317.762) 621,339 12.628,561) 52,500 {202,412} 497.470 5.054,763 2.281,003 Net cash provided by investlng actIvI￿e* 1.541.479 866,17S Cash flows from financing activities (Repayment) of hire pu￿hase (Repayment) of extemal finan Finance costs paid (9.0551 {5CKI,(WX)I 476,271 (20.3581 (500.OCQI 486,822 985,326 1,007.180 Change in cash and cash equivalents in the reporting period 556,153 {141,0051 Cash and cash equivalents at 1 September 2023 7.263.9SO 7.404,955 Cash arKI cash equwalents at 31 August 2024 7.820.103 7.263,950 Relating to.. Short tem bontjs Cash at bank and in hand 1.CK)O.(K)O 6820.103 7820.103 5,039.436 2,224.514 7 263.950 111 R•con¢lllation of net Incom¢ lo Det cash Inflow from operating act7vlties 2024 2023 Net income for the year (Gainslllosses on investmenls Investment income and bar&k interest Finance costs Funt1s expended Investment management charges Depreciation charges 2,633,231 {777.163) {621.339) 476.271 {132,514) 14.927 1,369,467 1,733,324 379,009 1497,4701 486,822 183,523) 22.599 1.251,976 Ell (Profilllloss on disposal of fixed assets Pension finan￿ {incomel LWC 1989 pension scheme amin costs Ilncreaseydecrease in stocks Ilncrease} in debtors Increase in creditors (excluding fees in advance and deposilsl Incfea5e in fees in advance Increase in parents, deposrts Net cash inflow from opefating activities 117,22n 142.000) 311.000 (7.597) {324.526} 55.144 121,436 148.000 150,000 114,309 (584.8551 203.626 3,619.068 39.500 6,596.242 29.897 3,147,178

LORD WANDSWORTH COLLEGE AND SUBSIOIARY UNDERTAKINGS ICOMPANY LIMITED BY GUARANTEE) CHARITY STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Net cash infflow from operatirnj actsvibes (Note ()} 6.487.511 3,091,394 Cash flows frorn investing activities Payments for tangible fixed assets Receipts from sale of tangible fixed assets Movements in investments Investment inccffne and bank interest (2.211,283) 12,525.234) (3.317,7621 630.136 1202.4121 504.677 4.898,909 2.222 469 Cash provided by Invesling activities 1,588,602 868.925 Cash flows from financing activities {Repaymenl} of hire purchase {Repaymenll of external finance Finance costs paid (49.324) (Sc(¢,0￿)) 476 271 (37,7071 15C(J,0￿) 486,822 1.025,595 1024 529 Change in cash and eash equ￿a￿nts in the reporting Feriod 563.007 (155,6041 Cash and cash equivalents al 1 September 2023 7,097.397 7,253,CQ1 Cash and cash equivalents al 31 August 2024 7.660.404 7 097,397 Relating to.. Short term bonds Cash at bank and in hand 1.¢J)O.000 6,660.404 7.660.404 5,039,436 2 057 961 7 097 397 {il Reeonciliation of net income to net cash inflow frorn operating activitles 2024 2023 Net income for the year (Gainsylosses on investments Charrtable Oonations Invest￿￿nt income and bank Inte￿St Finan￿ costs Funds expended Investment management chwges Depreciation charges Loss on di5P05al of fixed assets Pension finance lincomel LWC 1989 pension scheme admin eosts (Inc￿ase> in debtors Increase in c￿￿110rS (excluding fees in advance an(5 deposilsl Increase in fees in advance Increasel{decTeasel in parents, deposits Net cash Inflow from operating activities 2,436,193 1777,1631 87,365 1630,1361 476.271 {132.5141 14,927 1.306,882 1,590,454 379,009 233,555 1504.677) 488,822 183,523) 22,599 1,196,731 1,395 48,0001 150,000 1512,919) 142,000) 311.000 1404,1191 182,237 3.619.068 39.500 6487511 139,151 29,897 10,900 3.091,394 27

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS ICOMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 AUGUST 2024 1 ACCOUNTING POUCIES The accountirKJ polics adopted ty the Group are as fol￿$.. Charity Infomiallon Lord Wandsworth College is a prive company limited by guarantee, inwrated in England and Walgs. The principal activity and registere(l office are discbsed in the Govemors, Report. Golng concem Having reviewed the demand for p￿85 arKI the CoNege's future prclected cash kn, the Govemors have asonable expectation that the Colsege has adequate resources to contsnue rts actIVrt￿ for al least tWe￿e months from the date of swn off and consider thal there were no material uncertainties over the College's financial viability. The current economic uncertaint￿8 have been rewe•4ed and are included in the College's risk wister. A rolling 5- year cash flow is prepared and reviewed at each Goveming Body and Finance Committee meeting. 8a$ls of accounting The financial statement$ have been prepared in a¢￿arKe wh Accounting and Reporting by Charbties.. Statement of Recommended Practice applicabk to Charities preparing their a¢￿Unts in ?￿OrdanCe with the Financial Reporting Standard applvble in the UK and Republic of Ireland (FRS 1021 {effective 1 January 2015) (Charities SORP IFRS 10211. Ihe Finanual ReF¥xting S¢andard applicable in the UK and Republic of Ireland IFRS 102) and the Clynpanies Act 2CMX. Lord Wandsworth College meets the definrtion of a public benefrt enljty under FRS102. Assets and liabilities are inilkally recognised al historical cost or transaction value unless otherwise slale<l in the relevant accounting policy notes. Basis of Consolidation The ¢onsolidaled finanual stewents incorp)rale Ihe financial stalements of the charitable company and all group undertakings. As a consolKlaled Statement of Finanual A¢ltwtw is published, a separate Statement of Financial Actwilies for the parent charitable ccympany is omitted from the charrtable group financial ststements by virtue of Section 408 of the Companies Act 2006. Fee Income Fee income. net of bursaries, awards and remissions, represents the fees receNable by the Charity for edu¢atwJn provided in the normal course of ac11vit￿. in the year to whKh il relates. Fees in advan Fees paid in advance of the educat￿￿ provided are tsken to deferred incom. and released to income in the perKxl in which the education ts given. Letting income Letting rwme repre5en15 arrnunts receivable by Ll4lL Enterprises Limited for giKrfJs and seNices net of VAT. Investments and Inveslment incor Trade investments are ststed at market value. The original cost value is slated in note 17. The policy adopted by the Group ts lo keep valuat￿nS up to date. The Statement of Financial Acttvrt￿s distinguishes be￿een realise(I and unrealised gainfJlosses. Investment income is accounted for on an income receivable basis. Current asset investments are measured at amortised eost. Investments in subsid1a￿S are hehj at cost tess any impatnrnt losses. Donations and Grants Donations and grants are accounted for on a receivabk basis when the amunt can be ￿11abfy rneasu￿d. Donations and grants received for the general puws of the Charty are included as unrestricted funds. Donations and grants for adNth"es restncted by the wishes of the donor are taken to restricted fund5, and released as the reled expendrture is incurred. 28

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY UMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 1 ACCOUNnNG POUCIES (Contlnued) Government grants Government grants are recognised at the fa'r value of Ihe asset received or receivab￿ when there i8 rea$C￿ble assurance that the grant condrtions will be met arKI the gfants will be receNed. Govemment grants relating to turnover are recognised as I￿￿)me over the perKxls ￿en the related costs are incurred. Legacy income Legacy incorne ss accounted fr al the poinl of notifi¢aticm, in wnting. by the personal ￿preSen￿tIve of the e$lal8 making the le9￿y. provided that the value of the legacy can be reasonabty estimated. Property in¢ome Rental inccffie is ￿eWed and recognised in the month to reLgtes. If any rental income is received in advance of the relevant rental then the balance is deferred until tr period it ￿￿te9 lo. Farming income Farming income repwesenls ar￿￿￿tS receNable ftr Sa￿ of, and 5ub5idies arab￿ erops by Stem Farms Limited. Tumover is reeognised when the ccrfnpany has the right lo the incon. The Single Fami Payment is recognised on an accruals basis in accordance with Eurtspe￿ Commissh)n Regulations. Farming stock Stock is valued at the kywef of cost, being purchase price of materia15 used plus the c051 of the farming methods undertaken, and nel realisable value. SubsKlies are provkd&J where the cost of prOduCt￿n is greater than the nel realisable value of the stcck on the open market. These subs￿leS have therefore been included in calculating the nel realisable value of the st¢xk held al the year end. Exp•ndituro Expenditure is ￿coUnted on an xcruals basis. Expendiéure is anatysed into such categories as to ￿aS0nabty enable the user to gain art appreciation of the Group's expendrture during the year. Governance costs comprise the cost of running the Group, induding Strateg￿ planning for ils future development, also exiernal audrt. any legal advice and costs of comptying wilh Constbtut￿naJ and stalulory requirements. Leaslng and hire purchase ￿MmItMents Assets hekl under finance ￿aseS, v4hich are leases Whe￿ Substrn￿lty all the risks and rewards of rywnership of the asset have passed to the company. and hire purchase contracts. are capilalised in the balance sheet at their fair value and are depre¢iated over their useful lives The caprtal elements of future Obligat￿nS under the leases and hire purchase contract5 are include(1 as liabilibes in lfre bakAnce sheet. The interest elements of the rentsl obl•Jations are Ch￿ed in the profft and bss account over the peric¢Js of th& leases and hire purehase contracts and represent a constant proportK?n of the balanee of wrtal repayments oulslanding. Operatlng leases Operating lease costs are chargèd in Ihe Slateffrt of Fina￿￿1 ACtsVit￿ for the perir)J to wthich they relate on a Straight line basis. Rentals payable under operating leases, including any ￿se ineenlives receNed. are charged lo income on a Straight line basis over the term of the relevant lease except where another rr￿re Systemat￿ basis is more representative of the liff* pattem in wh￿h econlynic beneffts from Ihe lease asset are consumed. stoek Stcck is slated at the lower of C¢)St and net realL%able value. The main components are stalKJnery. household and maintenance items, and catering supplies. ProviSKJn is made for obsokte and defective stock. 29

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITEO BY GUARANTEEI PKITES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 1 ACCOUNTING POUCIES (Continued) Tanyible fixed assets and depreciation Tangible f￿ed assets are stated at cost kss a￿umulated depreciatK¥n. Fixed assets with a value under £1.CN)O are capilalised. Land ￿ not depT￿l￿ed. Depreciathin is cakulaled lo wrrte off the cosl of r￿e<l assets 18ss esbmated resKlual value over their expected useful lives. The annual ¢Jepreciation rates and Il￿th¢￿$ of calcu￿19n are as foll¢)ws'. Boarding houses Equipment. fixtures and ffttings Motor vehicles Other buildings Assets under construction Stem Farms Ltd Propety improvemer Plant and machinery Straight line over one hundred and fv￿nty fwe years Straight line over three to len years Strnight line over three to len years Straight line over twenty to seventy years Not deP￿13ted 5% straight lir 15% 5tsayht line The propertw are rew•ved for impaimRnt on an annual ba&$. Funds hald by the Charity and subsidiary undertakings Permanent EndcAvment Furbts a} The capital xcount comprising land and building5 and quoted investments whth are the ￿anent erKlowment of the Fc¥undats"on. b) The Recoupment Fund wh￿h is required to replace investment5 sold lo ffinan￿ caprtal expendrture. Unreslrthd Funds These funds conslrtule the general income of the Group. and their applut￿n i8 at the d￿tret￿n of the Govemots. DeS￿nated Funds t)es￿nated fvnds are fijnds set aside OLrt of unrestricted general funds for specific futu￿ purw)ses or projects as Identified by the Restricted Funds a) The Flw legacy is required to be invested in an aceounl from wh￿h the interest can be us&J lo asstsl a ferna￿ Fwndationer. b) (Xher restr￿ed funds include d￿al￿)nS towards the educat￿￿ of Foundation Pup￿5 or ther s[wif￿￿ purposes. Capital Recoupment Capital expendrture financed through PTCteeds of dtsposal of reslrthd caprtal aceount assets is recouped at a rate not te$s than that recommended by the Charity Commission. provisKJnally over a Feriod of 60 years. Pension costs and other postrfdirem•nt benefits The Lord Wandsworth College 1989 PenS￿Tr and Lrfe Assurance Sche￿* fThe Scheme.) provkdes retirement benefits lo qualrfying employees, irKludirKJ Administrative and Suppjrt Staff and Housemasters. The Scheme was closed lo new member5 in March 2000, and ck)sed lo existing members as at 31 August 2004. Employee members are n¢)w treated as deferred pen$￿ftets. and there are therefore no charges to the Statement of Financial ActNities. The Seheme is a defined benefrt scheme is extemajty fvr¥Jed and contracted out of the State Eamings Related PenS￿n Seheme. The pension charge is calculated on the basis of actuarial adv￿e. Pension scheme assets are valued at market value al the balance sheet date. The pension scheme asset or deficf( is reeogni%ed in fuu on the balance sheet. 30

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS {COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 1 ACCOUNTING POLICIES (Continued Pension Costs and other post4rfirement beneffts (Continued) A Group Personal Pension Plan is available to employees, wh￿h a defined contributh?n scheme. Bolh thg assets of this seheme and the 1989 $d￿me a>)ve a￿ herd separatdy from those of the Charity independently administered funds. The Charty also pa￿1pated in a mutti employer pens￿ scheme. the Govemmenvs Teachers Pension Defined Benefrts Scheme. for rt5 teathing staff. until 31 August 2022. Thi5 scheme is administered by the Teachers, Pension Agency. The pension liabilty under this scheme is the Tespon5ibilty of the Agency. It is not possible lo idenlfy the assets and liabilities of the scheme that are attn"butable to the CharitylGroup. Accordingly, under Financial Reporting Standard 102. the scheme ts actounted for a5 rf rt ￿re a Defin￿ ContribulKn scheme. Recognition of liabilities Liabilities are re￿nised wrthin the finawal statements in reSp￿t of all expendiéure for which the entrty has a measurable obligation, be rt conslruclNe or al, at the balance sheet date. Any expendrture which is commrtted to. but not measurable at this lime. is drscbsed Wrth￿ the notes to the financial State￿nIS as a contingent liability. Financlal instruments The Group has elected to apply the provisions of sect?n 11 '8asic Financk4 Instruments, and section 12 '0ther Financial Instruments Issues. of FRS102, in full, lo all of rts finar￿La1 instruments. Financial instruments are classffied and atxounted for. ¥￿ding to the 5ubstsnce of the contractual arrangement, as either financial assets or financ411 liabilits"es. BasK lin8nU81 assgls Basic financial assets, which include debtors and cash and bank baLances, are inilialty measured al Iransadp)n price including IransaclKJn costs and are sub5equentty carned at amortised cost using the effectwe interest methtr unless the arrangement conslrtules a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets clasSif￿d as receivable within one year are not amorti5ed. Basic fin8ncialllabrfrt￿S Basic financial Ik8bililies. induding creditcrfs are initwlty recognised at transacticrf price unless the arrangement conslilutes a financing transaetKJn, where the debt instrument is measured al the p￿sent value of the future epls disc¢>Jnted al a market rate of interest. Finartral liabilrties dassrfd as payable within one year are not amortised. Lobilrties are recognrsed withffi the financial statements in resped of all experrditure for wh￿h the entity has a measurable obligation, be it conslnJctive or ￿al, al the balar￿e sheet dale. Any expenditure whth is committed to. bul not measuiable at thi5 lime, is disclosed within the notes to the financial staleFnenls as a conlingerrt Ivability. Liquid resources Liquid resources include cash hekl ￿ long le￿ deposit where penalb.es will be $uffer&J rf fund$ are wrthdrawn before maturity. Distributlon of profrts The subsidiary Llhc Enterprises Ltd is mandated, as per the Articles of Assock8lton. lo pay gift aid of an amount up lo the taxable profits each year to Lord Wandsworth Col￿e. the uf(imate parent undertaking. However. the Stem Farms Ltd gift aJ is not mandated and so gift aid dtstnbution will be recognised in the entrty's accounts upon payment. In line wrth ICAEW Technul Rekne 'Tech 16114BL', the subsidiaries treat this donalkjn as distribution of reserv￿ and rt is paid either pre year end or wthin 9 months of the year end. Any donat￿n made in this manner is capped lo the level of distributabk re5er¥es avaiL*k. The Boards are reSpc￿$1b1e for formalty agreein9 the amount to be distributed each year. 31

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS {COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 1 ACCOUNTING POLICIES (Continued) Investment property Investment property. which is propety held to eam rentals andlor for capital appwiation, is measured using the fair value modd and staled at rts fair value as at the repo￿"ng end date. The surplus or deficit on revaluats.on is reeognised in the Statement of Financial ActNilies. lthere fair value cannot be achieved With￿rt undue cost or effort, investment property is ￿Unted for as tangible fixed assels. Redundancy and termination payments Redundanw and lerminalion payments are made after taking applicable al advice. Expendrture is recognised immediately as an expense when the group ts demonstrably commjtted to temiinate the employment. Refundable dep￿lts Refundable deposi(s a￿ currenty ¢lass[f￿d beiween ksng temi and short temi in the financial statements. These deposits are ￿fVfi￿able in the event that pupils leave the sch￿1 on one term's notice and as such the deposit would be refunded lo the pa￿nIS at that point. However the financ¢al stalernents S￿ prepared on 8 going concem ba515 and it is assuTred that the majorty of children VAII remain in the school for their full years of education and therefore the deposrt will be refvnded to them when they leave the school. Short term dep05ils refiect those pupils who wll be leaving the schcol within one year. and the bng term eknient reflects those pupiLs who will be leaving the school after 12 months frtsn the balance sheet date. 2 JUOGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the eharrtable group's accounting the Governors are required to make judgements. estimates and assumptions about the carying amount of assets and liabilitEs that are not readily apparent from other sources. The eslimales and associated assumpt￿)n5 are base(l on histor￿1 experien￿ and other factors that are ￿nSIdered to be relevant. Actual resutts may drffer from these estimates. Key sources of estirnation uncertainty The estimates and assumptions wh￿h have a s•3nifieanl risk of causing a merk41 adjustment to the carrying amount of assets and Irabilities are a$ follows: Pension asset The present value of the ¢Jefined benefft pensK>n asset deperKl$ on a number of factors that are detemined on an actuarial basis using a variety of assumptions. The assumptions used in detemining the ftet cost lincomel for pensions include the discount rate. Any changes in these assumplions. whKh are disdosed in note 12, will impact the carying amtsjnt of the pensKin asset. A full actuarial valuatKJn performed at 31 August 2020, updated lo 31 August 2024. has been used by the actuary in valuing pens￿n$ asset. Farm stock Stock is valued at the kwer of cost. ￿n9 purchase pri￿ of materials used plus the costs of the farming melh¢)ds undertaken, and the net realisable value. SubSid￿s are prowded where the cost of PrOdu￿10n is greater than the net realisable value of the stock on the open market. These subsKlie5 have therefore been included in calculating the net realisable value of the slc(k hekl al Ihe year end. Classification of leases In calegorising leases as finarte leases or craling leases. management makes jLJgements as to whether significant risks and rewards of rylvnership have transferred to the group. Depreciation DePr￿allOn 15 charged lo the stsleff*nl of financial actmlies over the course of an assets lrfe, in aceordance with" the charf(ies depreciation Folicies. The rates and percentages used ao detailed above within the accounting policies. Gwen the large value of assets hekl wthin Ihe charty and the f&t depfeaalion is Inherent￿ an estimate, this gives rise lo a hfjher risk and the polenlk81 for materk31 misstalement_ 3 LEGAL STATUS OF LORD WANDSWORTH COLLEGE The col￿ge is a company limited by guarantee and has no share caprtal. 32

LORD WANDSWORTH COLLEGE AND SU8SIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 4 SCHOOL FEES RECEIVABLE 2024 2023 School fees Less.. Bursaries, awards and remission$ 22.615,083 2.371,195 20,243,888 20.358,475 2.030 467 18 328008 5 ANCILLARY TRADING INCOME 2024 2023 Occasional boarding fees Insurance commissions Tfanspxirt Registration fees Other Income 41.705 2.615 140,195 81.000 56,625 2.554 161,223 85,671 121616 427 689 265.515 6 NON ANCILLARY TRADING INCOME 2024 2023 Trading inccme- LVIE Enlefpfi5es Lwnrted Trading income- Stem Fanns Limited 418,369 410.998 829.367 256,234 573,955 830 189 7 OTHER ACTIVITIES 2024 2023 Centenary incoff Other income 1.645 145,620 147,265 113,487 90.010 203,497 8 INVESTMENT INCOME 2024 2023 Unrestrlcted Securities Restricted Securities 259.835 185,OC() 112.962 372.797 114,376 299,376 9 D014ATIONS AND LEGACIES 2024 2023 Unregtrlcted Donations Legacie$ 146.910 153,605 49,640 203 245 Restricted Donations LegacE$ 115.670 15,000 130,670 203,431 203,431

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 10 TOTAL EXPENDITURE Staff Costs Depre ciation Other Total 2024 Totsl 2023 Non ancillary trading 98,170 62.585 332.6CKI 493.355 686,024 Financing costs 476,271 476.271 486,822 Investment Managef Fees Fundraising and development 14.927 14.927 22.599 171,538 52.308 223,846 226,443 CharTtable activities 10.730.662 11.000.370 1.306,882 1,369,467 7 282,943 8,159,049 19,320 487 20,528,886 17 159 308 18,581.196 Of the above £26,450 {2023.. £28.029) relates to restricted eypenditure 2024 2023 OTHER COSTS: Non ancillary trading 332,600 455,280 Financing costs 476.271 488,822 Investment Manager Feos 14,927 22,599 Fundraising and dwlelopment 52,308 61,264 School running costs: Aeadem Catering Household and medical Grounds Maintenance Other premises costs Minibus Support costs 898,724 663,726 1.010,837 293.669 1.056,621 1,184,381 349,637 1,825 348 7,282,943 1,057,549 540,286 897,1S3 256,228 1,091.075 894,942 254,784 1 488,446 6 480 483 Total other costs 8 159049 7 506,428 11 NET INCOME FOR THE YEAR 2024 2023 This Ys after chargingl(¢reditingl'. Operating leases Depreciation. ¢)wned assets Depreeiation. assets held under HP agreements Audrtor's remuneration.. Audrt fees Payable lo the auditor f¢< non-audit Se￿￿e5 (Gain) on disp¢)sal of assets 127.602 1,259,229 110,238 106,893 1,163,459 88,517 70,732 1,950 {17.227) 59,896 6,790 {21.4361

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12 STAFF COSTS 2023 Group Charity Group Charlty al Stsff costs Wages and salaries Employers. National Insurance contributions Pension contributions 8.931.333 8.845.609 7.988.557 7.825.021 817,977 1.251.C60 11,000.370 809.084 1.247,507 10.902.200 719.602 1,114,633 9.822.792 712,309 1 107.876 9,645.206 Pension ¢onlribution5 were Pa￿ to the Grcwp Personal Pension Plan, a defined contribuiion scheme. of which there were 213 members at the end of the year12023." 2151. 2024 Number 2023 Number b) Particulars of staff The average monlhty number of staff empl¢)yed by the Group during the year was.. 266 258 The average number of full time equivaw persons wnployed by the Group lineluding part-time staffj during the year was.. 218 213 Teaching and a¢adern￿ support staff Administration and other staff 117 101 218 112 101 213 The number of employees whose eriN)lumenls exceeded £60.000 was.. £60,001 - £70,000 £70,001 - £80.¢)00 £80,001- £90,01)0 £110,001- £120,000 £130,001- £140.000 £160,001 - £170,000 £180,001- £190.000 The number of higher pa￿ staff who ￿ntitlUte into a pension scheme is 1412023." 9). at a cost of £159.749 (2023.. £122,252) Key Management Personnel. of which there are 11 {2023'. 10). are ltsted on page 1," thety remuneration amounted lo £1.199,458 (2023.. £991.613). c) Governors. èxpensg5 The Govemors received no remuneration for I￿r seThice5 during the year. 4 (2023.. 2) Governors were re- imbursed a total of £48912023.. £580) for travel and other costs. d) Pension obligations Pension contributions for staff are pa￿ into a Group Personal Pens#)n Schwne. The liabilty at the year end was £141,290 {2023. £nil). 35

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY Um￿E0 BY GuARA￿EEl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12 STAFF COSTS IContlnu•d LWC 1989 Penslon and Life Assurance Schem¢ The CharitylGroup Ope￿Ie3 a funded define(I benefrt sche￿￿ in the UK which provides t￿h pens￿￿$ in retirement and death benefrts lo members. Pensth bwEfits are reLtsJ to the n￿mberS. final salary at retirerrent or earlier withdrawal and their length of service. Since 1 September 2LN)4 the Scheme has been dosed to e￿stIng members As the recovery plan ended ￿ 31 ALOUSt 2Q18 there are not expected lo be any fomial cC￿tributIonS to the Scheme for the year ending 31 August 2025. However, the ChartylGroup has been paying £25.000 per month into the Scheme since Apnl 21720 to help meet cashfl¢)w requirements. The monthty contribut￿n finished in February 2022. A fijll actuarial valuatK)n was caffied oul as at 31 A￿juSt 2020. and has been update(I to 31 August 2024 based on membership data as at 31 August 2020. updated lo lake account of expected rJJtgoings since August 2020, using actuari81 assumpts'ons at 31 August 2024. The maiw assumptr)ns by the actuary lin nominal lemsl were as foNows At 31108124 At 31108123 (per annum) (per annuml Discount rate Rate of increase in pensK)nable saL4r Rate of increase of LPI linked pensions until 2030 nla nla Rate of increase of LPI linked pensions after 2030 Infflation assumption IRPI) Assumeil life expe¢tsncs on retirerrenl * age 65 are.. Retiring today Male5 Females Males 21.4 23.7 21.4 23.7 Retiring in 20 years lime Females 25_1 The assumptions used by the ￿tUary are the best estimates chosen from a range of possible actuarkql assumpl)ns which, due to the lime scale covered, may not necessarity be bwie out in pract¢e. 36

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12 STAFF COSTS Icontinuedl LWC 1989 Pension and Lif• Assurance Scheme {Continuedl The assympttons used in determinin9 the ¢)verall expected retum of the asse1$ of the Scheme have been sel having regard to yields available on govemmenl bonds and bank base rates and incorporating appropriate risk margins. The fair value of the scheme's assets, which are not intended to be wlised in the short lemi and may be subject to significant change before they are realised, and the present value of the $Ch￿e'S Ihabilrties, which are derived from cash flow projections over lon9 perir>Js and thus inherenlty urKertain. were.. Fair value at 31108124 Fair value at 31108123 £'ooo Equities and Property Fixed Interest Cash an¢J Other Index linked gilts Fair value of assets 2.597 2,440 1,342 3,942 1,297 4.225 Present value of Irabilrties Surplus in the funded seheme and Net penS￿n asset 3.201 3.284 741 941 None of the assets of Ihe Scheme are invested in the CoNege'slGroup's Ixn financial instruments and none of the assets are propert￿$ or other assets used by the Col*elGroup. Changes in the present value of the Scheme Obligallons 2024 2023 Obligations * the beginning of the year 3.284 3,922 MOvem￿t in year.. Interest CQSt Benefrts paid Acluarial {gain) Past servu cost 171 (242) {121 163 12641 1537) obl￿allOnS at the end of the year 3.201 Changes in the fair valuo of the Scheme Assets 2024 £'ooo 2023 £'ooo Fair value at the beginning of the year 4.225 5.109 Movement in year. Return on assets Interest inccffie Employer wntribLrtions Benefrts paid Scheme adminislrabve cost 57 213 16811 211 1242) (311) 12641 1150} Fair value of Scheme assets at the end of the year 37

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY UMITED BY GUARAKfEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12 STAFF COSTS {Continu•d) LWC 1989 Pension and Life Assurance S¢heme (Conllnuedl No ￿nIribUtionS were due lo the 5eheme at the yew end {2023.' £nill. Aciuarial gainsl losses on the defined penS￿n Sche￿ can be anawd as ft)lkn•Js.' 2024 2023 £'ooo Scheme Obligations.. Change in CPI market cOndrtK￿S {121 {5371 Relum on asset5. excluding interest income (57) 681 Actuarial Isurplusyloss in the Slalement of FinancBI Acbvil {69} 144 13 RESULTS OF SUBSIDIARIES LWC Enterprlses Limited 2024 2023 Turnover Cost of sales Gross profrt Adminislralive expenses Profil on ordinary actwities before interest Other interest receivab￿ and similar In￿rne Profil on ordinary actNilies Distribution of reseNes lo charty Retained profrtlllossl for the financial year 568,019 382,734 235 127 147,607 61,641 85,966 262,527 85,804 176,723 176.723 150,291 26,432 85,966 87 265 1.299 Reconc11￿lon of IradirKJ subsKliary profits to the Swement Lrf Finanaal Activrties". - Profil on ordinary aciNrties Group supplies receivab Group supplies payable Group interest receivable Group interest payable Trading subsidiary resutts 176,723 (149.6501 244.964 85,966 1126,5001 113.809 1,878 273,915 426 73.701 Included on w3es 23 ond 24 Staterrtnt of Finartial kti4ities as.. Bank interest Trading income- within rton 8nalL7ry trading actiwites Trading expendf(ure- within non anullary trading expendilure 418,369 1144.4541 256,234 (182.5331 273,915 73.701 38

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13 RESULTS OF SU8SIDIARJES {C¢bntinued Lord Wandsworth Foundation Wrth effect from 1 August 2013. the CharTty Commisston linked Lord Wandsworth F￿ndatiOn to Lord Wandsworth College for accountancy and registration purposes. The following anatyses the resuts. assets and 1obililÈs of each fund held by Lord Wandsworth FOUndat￿n. In¢thnè and ExP•nd1￿I• Unrnstricted R•¥trkted Prrn¥n¢nt Funds Funds Endowment 2024 2024 2024 Total 2024 Tol•l 2023 Rents racavable Investment income Le98cy Incorne Total inwme 61,174 32,463 49 000 142 637 46,637 46.637 15,0 115020 15.IX¢) Invesbnent Manager Fees Charitsble d￿¥t￿￿ to LWt Total expanditurè Net {expenditurg1 Unrealised gainlllossl on ifivestments Realised proft on d￿1 of inve5trnents Transfer from LVKC Net movement in fvnds 115020 142 637 142,637 100.020 159,￿) 159.890 (34.013 50.oc 209.8 60 105 26.092 209.890 8olan¢ Sh••t 2024 2023 FI￿d A￿ts Tan9ible assets Invesbments Investment proFerb'es 9.682.147 1.571.274 150.(X)O 11403421 9,682.147 1.361.384 150.000 11 193.531 Current Ass•ts Debtors 3.520,949 3,520.949 Creditord= Amounts falliThJ d￿ within one year I1,2￿,126) 11,292,126) Current Assetsl(Liabilitie81 2 228 823 2 228 823 Total a$$•ts l•ss current liabilitfj•s 13.632,244 13.422,354 CreditoTr: Amounts falling dL* after more than C￿ year NET ASSETS 13 632 244 13422354 Unre8trlGted fund¥ 2.228,823 2.228,823 P•rniaMnt Endo¥mi•ntlunds 11.403.421 11,193,531 TOTAL FUNDS 13.632.244 13422354 Induded in ￿rmanent end(yfftnt funds is the revaluation Tesave of £108.750 {2023.' £108,7SOI.

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY UMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13 RESULTS OF SUBSIDIARIES {Continued Stem Famis Limit￿1 2024 2023 Turnover Cost of sales Gross profrt AdministratNe expenses Other operating income Profil on ordinary activithgs before interest Other interest receivable and similar income Interest payable Profrt on ordinary activities before taxation Tax on profrt on ordinary actNrties - Note 14 Profrt on ordinary activities Distribution of reserves lo charity Reloined profrt for the financial year 410,998 183,974 227.024 1212.3611 15.137 29.800 831 573.955 343 955 230,000 {207,7291 43.221 6S.492 969 9.557 56,SY)4 20.315 20.315 56.904 56.904 Reconciliation of trading subskJiary profits to Ihe Statement of Financial Aetr¥rties.' - Profit on ordinary activit Group supplies receivable Group rent payable Group interest payable Traing subsidiary resurts 20.315 (3,778) 50,000 7,750 74,287 $6.904 50,000 7,750 114,654 Included ￿ pages 23 and 24 Ststemenl of Finartid ktivrtw as: Other activities Bank interest Trading income- within non ￿lI￿ry trading &tivrties Trading exFenditure- within non ?￿Illary I￿￿Ing expendrture 11.359 831 410,998 348,901 74.287 43.221 573.955 503 491 114,654 14 TAXATION The College is a registered charty and as such has been granted exemption under Section 505 of the Income and Coipofalion Taxes Acl 1988. All taxab￿ profrts of LINC Enterprises knmiled have been distributed wt of reserves to the College. Stern Farnis Limited taxable profrts will be dstributed to the Col*e but the distribut￿n has not been accounted frx in Stern Fanns Limrted's Financi￿ Statements.

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS ICOMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 15 TANGIBLE FIXED ASSETS- GROUP Freehold Land and Buildings Planl and Equipment Machinery fixtures and frttings Motor vehicles Total At 1 September 2023 Addi(ions Disposals At 31 August 2024 44.830,810 1,968,357 632,342 275,513 190.537 717 318 3.426.443 246,431 1068C6 684,855 43,939 6.495 722 299 49,S74,450 2,534.240 303,838 51804 852 46,799,167 Depreciation Al 1 September 2023 Charge for the year Disposals At 31 Augusl 2024 4.417,509 919,958 204.292 53.046 31.864 225 474 2.647,015 280,946 364,925 115.517 6.495 7.833,741 1.369.467 145,165 8 858 043 5 337 487 2 821 155 Net 8ook Value Al 31 August 2024 41,461,700 491.844 744,913 248.352 42.946,809 At 31 August 2023 40,413,301 428.050 779,428 319,930 41,940,709 Included within the net book value of £42,946.809 is £397.138 {2023.' £309.8001 reLgting to assets hek1 under hire purchase agreements. The depreciation charged lo the financial statements in the year in respect of such assets amounted lo £110,238 {2023: £88.517). Ineluded wthin the Freehold Land and Buiklings addition5 in the year were as$8ts Wd under constructK)n affK)unting to £656,362 {2023'. £385,783}. 41

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 15 TANGIBLE FIXED ASSETS- CHARITABLE COMPANY Freehold Equlpmert Land and fixtu￿$ 8uilding5 and fittings Motor vehicles Total Cost Al 1 September 2023 Additions Disposals Al 31 August 2024 '44,847.783 1.968.357 3.330.7S1 212,477 1C6.806 3.436 422 678.360 30,449 48,856,894 2.211,283 1C6,806 50,961,371 46 816 140 708,809 Depreciation Al 1 September 2023 Charge for the year Disposals At 31 August 2024 4.415.431 919,958 2.553.041 273.093 1(￿.806 2.719.328 358.430 113.831 7,326,9)2 1.306,882 106,8C 8,526,978 5 335.389 472.261 Not Book Valu• At 31 August 2024 41480 751 42 434 393 At 31 August 2023 40 432.352 319.930 41529 992 Direct charitable wrposes 41.480.751 704,605 236,548 42421 904 Other purposes- management and administration of the chanty 12,489 12.489 Included within the net boc& value of £42,434.393 is £138.263 (2023.. £212.770) relating lo assets held under hire purchase agreements. The depreck7tion charged to the financial ststements in the year in respect of such as5els amounted to £74.508 (2023. £74.5101. Included wrthin the Freehokl Land and Bulding5 addith)ns in the year We￿ assets hekl under construct￿n amountMIg 10 £656.36212023'. £385.783). 16 INVESTMENT PROPERTY 2024 Fair value As at 1 September 2023 and 31 August 2W24 150.OCrf) The fair value of the investment property has been arrived at on the basLS of a valuth"¢)n earried out in August 2016 by Simmons & Sons, who are not connected with the charity. The valualK)n was made on an open market value ba515 by reference to market evidence of transaction prw similar Pfoperb"es. The Gownors ale sali5fEd that this valuation remains appropriate_ If investment prcperties were sLited M an histortal cost basis rather than a fair value basis. the anounls would have been included as folbws.. 2024 2022 Cost and carrying amount 31 A￿￿$t 41.250 41.250 42

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS {COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 17 FIXED ASSET INvESTmEP￿s 2024 2023 GROUP Quoted Investments Market value a11 Septwnt¢r 2023 Additions Oisposals Net realis8d in¥￿tr￿ent Ilossesl tr tl ye Net unrealiséd investment gatyisllTossesl forts ma￿et value of quoted irbvestments Cash hel¢J in portfolio Martet value at 31 August 2024 9.577.524 6,3C6,442 12,902,816) 15.9411 783.104 13.758.313 48,850 13807 163 9.%3.910 1,034.175 18d1.5521 (12,8871 9.577.524 149.641 9.727 165 Th8 n8t reali5ed and UNearts￿ gains for ￿ year amowrted to £777.15312023". loss 01 £379.0091. Inve51ment Manwr Fee5 wnounted to £14.92712￿23." £22.5991. Mathet value ol UK quoted inbtslments al 31 AwJu5t 2024 15 ￿atysed as folkw5". 2024 2023 Valuè of in¥ssbnènts Cash 13.758.313 48 85) 13.807.163 9.577,524 149641 9727 165 Unquoted Imieslments Cost at 1 September 2023 arKI 31 A￿usI 2024 25 25 To¢•1 In¥e8lments lor group 13807 188 9.727,190 Historical c￿t of UK quoted inVestr￿ts at 31 Auumtst 12,825.720 9.581.854 2024 2023 CHARITY Quoted Investments laarkèt value at 1 September 2023 Addits"ons Disposats Net ￿811$&y in¥estrnent I1￿585) for thè yèar Net unrealised investment gainsllk)sses} for the year Market value of quol&J in¥estments Cash h•ld in portfolio larket value at 31 Au9USt 2024 9.577.524 6.Xfj.442 12.902,816) 15.941} 9.563,910 1,034,175 1641.$521 112.8871 366 122 9,577,524 149,641 9.727.165 13.758.313 48.85) 13.807.163 The net realis&J aTrJ unw115￿ gains kjr tl year amtsurrted to É777,15312023 bss of£379,0091. Invesknent Manager Fees anoLmt&J to £14,92712023'. £22.5991. Market value of UK qucrted ¥Ne5trnents 8131 ALUUSt 2024 is anatysed 2024 2023 Value of investrnents Cash 13,758,313 48,850 13.807.163 9,577.524 149,841 9.727.165 Unquot•d Investments Cost at 31 August 2024.. Sharts in sub*diary undertakiws Debenbjre loan ty $ubsKlory undertakry 10.1LKI 155,￿0 165.1GQ 10,1C(I 155,(KJO 165.100 Totsl Investments foT Charlty 13.972.263 9,892.265 Historul cost of UK quobj iwestrnents at 31 Awt 12,825,720 9,581,854 43

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS ICOMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 17 FIXED ASSET INVESTMENTS ICont6nuedl The analysis of investments belween Funds is sh¢xn in note 25. Details of the split of investnwts hetd by the group at the year end ￿ as folknvs:_ 2024 2023 UK Fixed Interest UK Equities Global Equities Amernatives Cash 6.054.022 1.851.164 327,478 6,897,937 500,945 149,641 9.727,165 7,370.456 333.835 48.850 13.807.163 The Charity has sharehoklings in the ordinary share caprtal of the ¢￿anIeS listed bebw. whKh are registered in England and Wales. Company SharelKldlng Adivity Capital & Reserves Results for the year LWC Enterprise5 Ltd Co Number 02142457 100% ordinary sha Hire of resklential and sports fxiliti'es £73.214 £176.723 Stern Farms Ltd Co Number 01304753 100% ordinary shares Fam £647.599 £20,315 Thefe ￿ a debenture loan due from Stern Far￿￿ Limited of £155.(KJ) {2023.. £155.0￿) whKh Carries inleresl al 5Ph perannum. The registered office of both LWC Enterprises Limited and Stem Farms L¥ned is Lord Wandsworth College. Long Sijtton. Htr)k, Hampshi￿, RG29 1TB. 18 STOCK 2024 2022 Group Charlty Group Charity Finished goods for resale Arable fam)ing grain in store and in ground 589 269.C65 6.358 2SS.699 269,654 262.057

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY UMITED BY GUARATrifEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 19 OEBTORS 2024 2023 Group Charity Group Charlty Due within one year. Fees r￿1Vable Trade debtors Amounls oweil by group undertakings: LWC Enterprises Limrted Other debtors Prepayments Loan to St Neots 279.078 16.487 279.078 127.008 69.297 127,008 13,099 99,665 412,191 236,645 538,850 3,124.727 4,195.787 220,560 454.8e6 3 124.727 4.079.231 117.977 533.830 848.112 6S1,963 Due after more than one year. Loan to St Neols 3,023,149 3.871.261 3 023 149 3,675,112 4,195.787 4.079,231 20 INVESTMENTS HELD AS CURRENT ASSETS 2024 2023 Group Charity Group Charlty Notice account5 Wrth Lloyds Bank 1,(KJo.¢XIO 5.039 436 5.039,436 21 CREDITORS- AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Group Charlty Group Charity Deposits by parents Fees received in advan Trade creditors ArTX)unls owed to group undertakings." LWC Enterprises Limited Taxes and social security Other credrtors A￿rual$ and deferred income Lckin notes Hire Purchase agreements 39,500 4.018.892 1.210.155 39.500 4,018.892 1.151.813 39,000 2.102,975 1.374.178 39,000 2,102.975 1,302.613 25.707 190.097 391.814 85.539 51y).OCQ 44.754 6,448,116 191.366 391,945 176,823 500,CKNJ 83.963 6,612.644 191,273 165,211 184,483 500.otsj 67.325 4.624.445 189.969 165,211 67,866 500,000 49.325 4,416,959 Hire purchase agree0￿ts are secured on the assets to which they ￿L￿te. 45

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARATrtfEEI NOTES TO THE FINANCIAL STATEMEirrs FOR THE YEAR ENDED 31 AUGUST 2024 22 CREDITORS - AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 2024 2023 Gmup Charity Group Charty Deposits by Pa￿nts Fees received in thance Loan notes Hire Purchase agreements 415.395 2,186,600 13,500,OCM) 1N.7&S 16,2[￿ 731 415.395 2.186.600 13.500,000 67.676 16.169.671 376.395 483,449 14,000,000 130429 14.990,273 376,395 483,449 14,000,000 112429 14.972,273 Hire purchase agreenpnts are secured on the assets to which they rekts. Fees in advance Parents may entsr into a contract to pay the College up to the &J¥Jivalent of Se￿ years tulion fees ￿ advance. The money may be returned su￿.ect to certain condit•)ns. Assurning pupils wll remain at the College, advance fees will be applied as foll￿$.. 2024 2023 Group Group Charity Charity Oue wrthin one year Due betsveen 1 and 2 years Due betsveen 2 and 5 years . 4,018,892 1,258.147 928.453 6,205.492 4,018.892 1.258,147 928.453 6,205.492 2.102,975 280.221 203.228 2.586.424 2.102,975 280,221 203,228 2.586.424 Group Charity Balan￿ at 1 September 2023 Amount released lo eamed from charitable aciivities Repayment Amount deferred in the year Balance al 31 August 2024 2.586,424 {470,1981 2.586.424 1470,198) {40.2231 4 129,489 6,205,492 140,2231 4.129,489 6.205,492 Loan notes 2023 Group Charity Group Charity Oue within one year Due betsveen 1 and 2 year5 Due betsveen 2 and 5 yeats Oue after more Ihan 5 years 500,0 500.O¢X) 1,500,000 11,500.000 14.000.000 500,1J)) 500.OCiI 1.500,C 11,500,000 14.000,Cth) SOO.OCrt) 500,C4)0 1.500,IX(S 12 000,000 14 $00 OC(s 500,OC S00,O¢JO 1.500.000 12 000.000 14 SOO,000 The Group hoh1s financial instnjments in the fNm of a fixed inleresl ban. payabk al an interest rale of 3.36%. During 2016117 Lord Wand5WOrth College issued and sokj £15m of 3.36% Sen￿)r unsecured notes lo BAE Systems Pension Funds, the capilal bwng repayable from August 2023 to July 2047. This loan was taken oul to better enab various improvements arountl the campus over a number of years {'Project Beans1￿k.).

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 22 CREDITORS - AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR (Continued) Hire purchase agreements Future comrrilmenls under hire purchase 4feerr￿ts are as folltr4ts.' 2024 2023 Group Charity Group Charlty Due within one year Due between 1 and 2 years Due between 2 and 5 years Due after more than 5 years 83,963 79,528 25.208 44,754 42,468 25.208 67.325 62.754 67.675 49,325 44,7S4 67,675 188.693 112.430 197.754 161.754 23 FINANCIAL INSTRUMENTS 2024 2023 Group Charity Group Charty Ir*veslmenls masured at fair value through profft or loss 13.758.313 13 758,313 9,577 524 9,577,524 OPERATING LEASES Lo$$ee Al the reporting end date the chari(able group had outstanding ec#nmitments for fLrture minimum lease payments under non•cancellable operating leases. which fall due as ftylows". 2024 2023 Group Charity Group Charity Due within one year Due betsveen 1 and 5 y&qrs 77.713 161,424 239.137 45,108 101,332 146440 Lessor At the reporting end date the charrtable group had contracted with ienanls for the following minimum lease payments.. 2024 2023 Group Charity Group Charity Due within one year Due betsveen 1 and 5 years 50.000 200.OCQ 250.0 so,000 200,0 250,OCQ 47

LORO WANDWNORTH COLLEGEAND SU8WDIARY UI•J&gTAIQNGS ICOAIPAXY uAvrKI BY GUARAKfEEI IIQTE$TOTHE HNAficiAL STATEIEIITS FOR THE YEAR ENDED31 AUGIJ$T 2024 25 FUNDS-GROUP TOTAL Fw4 TqMI Fw 1.491.017 11.14Y.SSI 4Y4Sm YJJty7 101210 1.S.488 Z6P)T.D51 2J.SD2,S 217.1 05 iiJ 4W113 179YY& isypyj t12,1 771.163 T￿r￿lEr V32.$14? JD3725J FUNDS-CIiARITABLE CCWANY Fur TOT• Fw FIMI eaLin(￿ I SIoiMbip2DZJ •.7CQ. 1.491.017 4.34S2n gY>.f87 112.*2 4W.37S 217.1 2&.1￿,112 1.$41.th1 27.157.62S 1,$92.iJ9 212.ieo J.896,5Y 1.809,321 77P,16J 5).1 139th2 15•.8gJ 1155. cepl 37Awi2Q24 421 471 464195DI

LORD WANDSWORTh COLLEGEAND SLesifAARY LINDERT￿NG$ ieoMPANY LIAltrED BY GUARANTEE} IIOTes TOIHE FIWANCIAL STATEIWS F(¥¢THE YEAR ENDEDJ1 AUGUST 2024 25 COMPARATWE FLVIDS-GROUP Fw TOTAL Fw¥J Tty Fth1 To 11.167.4> 12 114J76 i• 17S.4fy2 47J.$17 2W.778 .39n 1W.513 2&498.179 .933 1.773.822 (38.5%) 121e.035> 144. 2F,138ffj 1,822.555 4J.035.648 ILttsttionifThJlfflerts T¢arrtt8r my) P4.M• It3.5 1$3.$231 Recw¢r4cbai9etr•r4(et ir4igalr4 F431 .Ir 1fLS I￿.05> 144. 1M4B5 •807.￿1 1441Y 44.Ml.449 7D2.4E4 1 451￿4? 11.1tyJtsJ1 COMPAIiATIVE FUNDS-CHAI￿A9lÉ CCrfIPAPIY UnrnWrWF¥ndv Fund TOT Tlll Fund T1 9.1￿.404 1.4b4. 11.161.43B 4JZf39B 41A121a 114.37B 175.•2 7) 4.T24.517 XW.7FB 1AAO.513 34.T61ffj1J 42.2BS.312 22QJ.754 1.513.978 Pl.014 (J4m3) PIE 144. Tnr4ler IB3.523) D.1 gJ.IC6 .IL￿} 1¥ 2S.lQ 142 144 t7￿P 144 &*rLtèaiJ1 PJws12Q13 1 491 017 11 19JSJi •.W7S 49

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 25 FUNDS {Contlnued) Anatysis of net assets between funds- Group Tangible Inveslments Fixed Ass•ts Current Current Liabilities Long Terni Creditors Total Capital attount Recoupment account 9.832,147 1129,663) 9.702,484 1,700,937 11.403.421 5.335.156 30.372.589 47.111,166 1571274 129,663 1.571.274 129,663 3.856.938 1.478,218 8.378.976 10.677,663 13.807.188 12.285.544 9,832,147 (129.663) ReStr￿led Fund$ Unrestri¢leil Funds 33,264,662 43.096.809 6.482,981 6.612.644 15.465,731 15.465.731 Anatysis of net Tangible Fixed Investments Curreni Current Liabilities Long Term Creditors Totsl funds- Charlty Capital account Recoupment aceount 9,832.147 {129.6631 9,702,484 1,700,937 11.403,421 5,335.156 29 680.927 46,419,504 1.571.274 129,663 1.571.274 129.663 3.856.938 1.478,218 8.544.051 10.131.754 13,972.263 11.739.635 9,832,147 (129,663) Restr￿ted Funds Unrestricled Funds 32,752,246 42.584.393 6.318.453 6.448.116 15.428,671 15.428.671 Capital Account Land, buildings and investments form the permanent endowment. Recoupment Account Expenditure of restr￿ted furKls on capiial prqects is recow in a separate account under Orders of the Charity Commission. The balance of £4.422,125 will be recouped over 60 years. On completion, funds recouFed are transferred to the C4)ital Account. Designated Foundationers Fund FL*nds designated by the Govemors for Ihe purpose of creating althated lunds lo be used to finance the bursaries awarded to Foundationers in fvlure years. Unrestrlcted Funds Wrthin unrestricted ￿serveS is The Benefactor5 Fund which ar05e from general donatK)ns received by the College. 115 application is at the discretion of the Governors as no speCrf￿ obieetNes have been sel by the individual donors. The baLqnce of this fund as at 31 August 2024 was £75.55612023.. £69.391>. Restrlcted Funds The Foundati￿ has received approx. £2.15m in total frc¥n the Flower legacy. The legacy required to be invested in an account from whth the interest can be used lo asstst a ferna￿ Foundalioner. Other Restricted Funds Within Oihef Restri￿ed Funds are donatws tcwar(Is edU￿￿￿n of Foundation pupi15. including a donation of £S0,CW, arKI other dona1K￿s for specffjed purposes.

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY UMITED BY GUARApTfEE P40TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ANALYSIS OF CHANGES IN NET FUNDS At 1 Septemb 2023 Cash flows At31 August 2024 Cash Current asset investsments Oebt due after one year. Bank hJan$ 2.224.514 5.039.436 2.586,941 {2.030.7881 4.811,455 3.008,648 I14.51M).￿O) 500.0 {14,000,0C￿l Total net 7.236.050 1,056,153 6.179,897 CAPITAL COMMITMENTS At the year end there were no capital eommitments. At the previous year end there were no caprtal eommilmenls. 28 RELATED PARTI TRANSACTIONS The followng Govemor of Lord Vlandsworth Cdlege 15 a director of LWC Enterprms Ltd.. N C Goukling The foll¢)w%ng Govemors of L￿d Wandswlh College are directors of Stem Famis Ltd.. Oanny Gowan R G Janaway G H Tongue S AghnH is a Direclor of Geeks Limited. from whryn L¢yd Wandsworth Colleg8 acquired servKes arTh)unling to £32,040 ¢JurirwJ the year. Subsequent to the year end LVIC Enterprises Ltd wll distribute £150,291 {2023.' £87.3651 from its reseThes to Lord Wandsworth College. Subsequent to the year end Stern Farms Ltd will distribute £nil 12023.. £nil} from rts reserves to Lord Wandsworth College and this wll be paKI in the fdlowing year. Stem Fanrts Ltd paid rent of £50,000 12023. £50,000) and £7,750 12023.. £7,750) debenture interest lo Lord Wandsworlh College. Lord Wandsworth College hokls a fixed and floating charge over the assets of Stem Farms Ltd in respecl of Ihe debenture. 29 ULTIMATE CONTrOLLING PARTY The Governors ol the College are consKlered lo represent the uftimale controlliThJ paty. 51

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY UMITED BY GUARANTEE) UNAUDITED APPENDIX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 INFORMATION FOR THE GOVERNORS CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Notes Unrestrkled Restrithd Pernanent Funds Funds Endowment Funds Totsl Funds 2024 Income and endowments from: Charltsble actlvltles School fee5 receivable Ancillary trading income Other trading adivities Other activrties Investments Investment ineome Bank and other interest Voluntary wurces C*)notion$ and legacies Total in¢orning resources 20.243,888 265,515 20,243.888 265.515 296.322 296,322 259.835 257.339 112. 372.797 257,339 146.910 21.469.809 130,670 21.713441 Expenditure on: Raising funds Financing costs Investment management Fundraising and developmerrt Total deductible c05t5 476,271 14,927 476.271 14.927 223 846 715,044 715.044 Charitable activities Educats"on and grant making 19.312 917 20 027.961 19.339 367 20.054 411 26.450 Gains on investmènts 212.1 405,113 159,89) 777,163 Net income for the year 1.654.CQ8 622,295 159,89) 2.436,193 Penskjn seheme actuarial gains 69,OCN) 69,000 Net movement in funds for the year before transfers 1.723.CQ8 622.295 159.89) 2.505,193 Charitable Dislributions from.. LWC Enlerpiises Ltd Stem Fams Ltd 150,291 150,291 Funds expendgj 1132,5141 {132,514) Transfers be￿en fvnds (50.Cml so,000 Net movement in fvnds for Ihe year 1.823.299 489.781 209,84) 2,522,970 Funds brought fowwd 27,857 628 4 845.375 11.193.531 43 896 534 Funds carried foTh4ard 29 680 927 5.335.156 11403.421 46419504 The Ststement of Finawal ActNities has been prepared on the basis that all operalh?ns are continuing. 52

LORD WANDSWORTH COLLEGE AND SUBSIDIARY UNDERTAKINGS (COMPANY UMITED 8Y GUARANTEEI UNAUDITED APPENDIX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 INFORMATION FOR THE GOVERNORS EXPENSES 2024 2023 Educational Academic salaries and superannuation Other exFenditure 6.993.552 898,724 6,136,038 1 057 549 7.892.276 7,193,587 Cateri Salaries. wages and superannuaion 943,6CbJ $94,885 792,005 465.788 74.498 Other expenditure 1.607.326 1.332.291 Household Salaries. wages and supefannuation Contract cleaners Other expenditure 823.4(KJ 749.417 193212 770,736 689,208 1.766,029 1.606.607 218.923 194,054 Adminislralion Salaries, wage$ and SUFerannuation Other expendrture 1.207,768 1.662,446 1.043.446 1375 398 2.870.214 2.418.844 Grounds Salarie5, wages and superannualion Other expendrtLbre 367.795 293 669 301.423 661.464 557.651 verheads Light and heat Depreci*ion Loss on disposal of fixeil assets Other expendrture 711.386 1.306.882 544.132 1,196.731 1.395 349,415 472 995 2.491,263 2.091.673 ain Salaries, wages and supetannuation Contractors and mater￿$ 415,369 1.056.621 468,872 1 091075 1.471.990 1,056.046 1,559,947 940.518 LINC Enle rises Limited Stern Farms Limited Total e nditure 144,454 348,SX11 20.528.886 182,533 503.491 18,581,196