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
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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 Rc*Jinson (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 requiren*nts 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 carT*d 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 opportunit*s 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. Remuner*K•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 Col*e'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 indiv*Jual, 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 outcon*s 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 facilil*s', 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$ing upon improved standards of teaching and leaming. and Ihe associated fac11f(￿s. To fuwil these aims. the
College is striving to-.
ensure that Foundationers remain integral lo tP*e lrfe ol the Cdlege and are fulty funded..
increase the College foll to reach around 750 pupils. Of note an appli¢*ion has been made to the DE for
m*erial change Irom 710 to 750.
refine and execute the visw)n for 2030 and twond..
use the outdoors lo maximum effect lo enhance the pupil experience"
be opinion-fomiing and leading in its region in Character Education-
ensure each classrcom is equipped for maximum pupil impact.. and.
embed fNe core themes of +1. +2. +3. Pupil Voice and Character Education into the ethos of the College.
+1- what one more thing can you do lo make a differen￿ to others?
+2- LWC aims for every pupil to stretch themselves beyond their perceNed academK limits
+3- LWC a￿ pas$ion*e 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 prc*Jramme. 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$￿5 f&ilrt*s free-of<harge, including a weekly swimming session campirKJ.
Famboiough Sixlh Fom7 College also uses Ihe wmming pool. In addit*)n. the College has assisted Crondall Scout
Group with canoeing and hosted the awards ceremony for Ihe Devvzes to Westminster carK)e race. Robert Mays
School, Basingstoke DofE centre and Alton 8oys' Brigade have used the woojknd al rto cost for DolE expedrtic
camps. Pupils from the Costello School in Basirvjstoke are enrolled into LWC'S CCF and take'part in joint ventures
and residential trips.
The College pool is used by various swim schc()ls and dubs, while the Dive Ability charity use the pool lo leach
people with disabilities, including limbths veterans through their asS￿l*￿)n with the Blesma charity. In particukr, fwe
local erieket clubs use the encket faulrties, whije Hampshire H￿keY and Hampshi￿ Cr￿ke1 regular￿ hire facilitses for
their junior development teams. FNe local football clubs and Ibree httkey dubs make use of the astro and foolball
pilehes. while l¢xal running dubs. Hart and Sandhursl, st&ae eToss<ountry events in the wwdL3nd and
surrounding fields.
During the summer of 2024. the wiMb￿on S¢h¢)ol of English Thired L￿.$ 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 Le*lership.
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 p*ing 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 f*ldcraft. 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 ach*wng 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 stre*vJth.
Since September 2023 a number of key evolutk?ns have taken p*e 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 year*nd, 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 r*w
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 c*jectives, 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 Bc*Jy. 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. Ic*3ether wfth regular
parents, meetings, CoMff￿nICatIc￿S on a weekty basL%. inviL*K*ns 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 schc*Jl fees. This cojld affect both retention and more likely
recruiting ol future pupils.
High inflation r*es and the increas￿9 costs of all comnTr)dit*s. not*ty 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 Col*e.
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 Finane*l 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 sL*m￿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,fj*ls.
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$8ti0n Feasibility Study - A comprehenswe deca￿￿lsa1X￿ rea￿￿￿lty study was conducted.
entrfying potent￿ aTras for improvement. The stutys reGommendalKW will be ￿v*We￿ and Knplemenled whe
fe8sible, guiding the College toward a Ithv-cart)on futurn.
. M&E and Fabric Surv•y - A full mechani81 electrKal (M&E) and ffab￿ suThey hès been Completed,
producing a 10-year costed Planned Preventolive IAaintenance (PPM) ￿an. The suryey alwns with the
decartjonisation strategy to ieduce heat loss and guide Ihe ￿n$￿￿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 t*en 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 ststw*nts"
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 suft*nt 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* identrf*d any material uncertainties relating lo events
conditions that. individually or collective￿. may east s*Jnthcanl doubt on the group's or parent charitsble company's
ability lo c¢Jntinue as a going concem fof a FerK>d of at ￿$t twefve months from when the financial statements are
authorise(I for issue.
Our responsibilities and the responsibrlibes of the trustees ￿1th re¥Ject lo going concem a￿ descrited in the relevant
sections of Ihis rewt.
Other information
The other inf¢ymalion comprises the infomi*ion induded in the Govemors. Report other than the financial slalemenls
and our audrtorfs report Ihereon. The tnJslee$ 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 ineonsislene*s 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 Klentrf*d 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 p*3e 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 sL*emenls.
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 cyer*e 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 Charit*s {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 NJenlrf*d 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 polic*s adopted ty the Group are as fol￿$..
Charity Infomiallon
Lord Wandsworth College is a priv*e company limited by guarantee, inwrated in England and Walgs. The
principal activity and registere(l office are discbsed in the Govemors, Report.
Golng concem
Having reviewed the demand for p￿85 arKI the CoNege's future prclected cash kn, the Govemors have
asonable expectation that the Colsege has adequate resources to contsnue rts actIVrt￿ for al least tWe￿e months
from the date of swn off and consider thal there were no material uncertainties over the College's financial viability.
The current economic uncertaint￿8 have been rewe•4ed and are included in the College's risk wister. A rolling 5-
year cash flow is prepared and reviewed at each Goveming Body and Finance Committee meeting.
8a$ls of accounting
The financial statement$ have been prepared in a¢￿arKe w*h 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 st*ewents 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 impatnr*nt 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 rel*ed 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 Slateff*rt 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￿ ContribulK*n 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
e*pls disc¢>Jnted al a market rate of interest. Finartral liabilrties dassrf*d 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 a*J 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 m*erk41 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 c*raling leases. management makes jL*Jgements 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¢tsnc*s 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 P*rrn¥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
SharelK*ldlng
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¥n*ed 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
ILttsttionifTh*Jlfflerts
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
UnrnWr*WF¥ndv
Fund
TOT
Tlll
Fund
T*1
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