REGISTERED COMPANY NUMBER: 08331303 IEngland and Wales) REGISTERED CHARITY NUMBER: 1151444 Roport of th• Trustèes and Flnanclal Slatemènts for the Year Ended 31 August 2023 for Exetor Cathedral School Haines Watls Iweslem) mited statutory AudTtors 3 Southernhay West Exeter Devon EX1 1JG
Exttèr Cathodral School Contents of the Financial Stst•ments for the Year EndÈd 31 August 2023 Pag• Roport of the Twstees 1 10 18 Report of the Independgnt Auditors 19 to 22 Statement of Financlal Aclfvltles Statement of Financlal Position 24 statemont of Cash Flow$ 25 Not9$ lo lh8 Statement of Cash Flt 26 Notes to the Flnanclal Statsments 27 10 39
Exotsr Cathadral School (Reglslernd number.. 08331303) Report of tho Trustees for the Year Ended 31 August 2023 The Trustees (Governors) who are also directors of tho charltable company for the purposes ofthe Companies Act 2006, present their annual ret 8nd audited aC£nts. the finarrial statements. for th@ year onded 31 August 2023. OWECTIVES AND ACTivrriES The charitable ot4.ects ol the company are to promote and wowde residenlial and non-residential schools lor the advancement ol education 8nd the advancement of reli9ion in accordance the practices of the chUh of England for the bengfit of the public and of the ckn8ters of Exeter Cathedral by provlding facilrtias for their 8ducatlon, The Sch¢Jol provkles thodsters for Exeter Cathedrdl and tt)eir role features in the public life ol the city ol Exeter and th6 County of Dèvon., the Cathedral Is the main placÉ of eÈkbraUonlcommemorabonlgathering for the City. The choristers play a part in an imtNJrtant puiAic $&TVi In the buildlng ol the comrnunity in the cty and making the heritage of which the Cathedral is steward available io more people. The choristers are both the fundamental reason fu the School and their most unH4ue featu. Th• Schoofs Vl¥lon and the Statsment of Aims The Hè8dmasler and the Board have published a r&ised Vision and a revised Statement of rnS for Ihg School to help shape the fLrtUTe directi gnd Strateg devel(wment of the School. These are reproduced below. Vl$lon To b? the School of cholce for famil in tha Exetsr area who want a first4la38 al*iund education for thelr ¢hildren aged 3 to 13. To bo recognised locAlly and natK)nally as a beacon of musical ox¢dlenrA. Exetèr Cathedral School 15 an Anci8ntfoundatityI wlth Tradiuonal values and 8 Modem approath. Tha School seeks lo= Be a happy and purposefvl Community whe peOe matter. Promote the central importance of the daveknpment of character. Be a place where chddren can be children, vtherft leamir#J- in all tts loms- is takèn seriously. and where 8ach and every thild is known and valued as an individual. 0er a first-rate alkround edl1catmal exparieft wh8re the focus 15 on developIr the child. Our job is lo work with famili&s to help our pupiLs acquir8 ihe righl habits life. Foster a supportive, purposeful, sbmulab'rE and gw)tty£hristian envlronment, In which the followlng provision to pupils is rgcts3nise(J as b8iftg paramount and held in high regard: Academic rigour Exceptional pastoral (xr8 and PUFMI w8llbelro Bright and modem faci1it18s A broad and exctting rarvJe of extra-curricu[ activilies A hh-CalIbfe 8Wrting and wèllbeing educatio A world<lass muslcal education An unparalleled musical heritage and history A sense of spirituallty, timelessness. and wonder. bCne oui of our ancient foundalions as a 12, coniury choir school Page 1
Exet•r Cathgdral Sehool (Reglstered number.. 083313031 Report of the Trustèas for the Y8ar Ended 31 August 2023 OBJECTIVES AND ACTIVITIES Qur Values, Hablts and Skills The endorsing and upholding of core values; the modelling and promoting of the right habits- and the acqulring and pr8ctising of key skills.. this is at the heart crf ourcurniculum ItMJth iMl¢lt and explicitl, our Interactions, our d8CiSk)n.making and our expectations. The folbwing Habits aro explictuy FKomoled and modelled to. and expect8d of. our pupils and staff.. Pre-Pre Golden Rules We are kind and h¢lplul Wg aro gentle We listen Wo look after property We aré honest We work hard School Hablts The habit ol hard work The hab of honourfng your CommmentS The hab of having a yo and keeping golng The habit oflaknng part The habrt of listening The habil of being honest, modest and krnd The habf( of looklng after other people The habil of kjoking after your surroundings The halHI of kjoking aftsr yourse Obl8Ctlves The objectives of Exeter Cathedral scho are sel lo refieci its aims and ethos. It is important that the School malntains and enhances ils academic succe&9 within security of a nurturlng onvbronment. The main objectives and actlvities for th8 School and its PUlS are sgt wthin the wid8r context of th8 community., having consideration lo the Charity Commission's public benefit guKl8n¢e. The maln objectwes for the year Sncluded: lo continue lo meet our statement of airns to continue to uphold and develop our academic standards to enhance and develop the cuniculum offered to 811 pupils to reflect the School's Commitment lo a broad, balanced, and eatIVa @ducatson to enhance our quality-first teaching and Spacial EducAUonal Needs and Disabilit ISENDI provision to improve the IT provi51011 Wtthin the School for leamlng and teaching to continue to develop the excellent pastoral care we provide for our pupils and staff to continue lo enhance Ihe physlcal structure of our Sthcx)I buildings lo provide eXlIent facilities in whh our pupils can leam lo be a beacon of excellence fLY wellbeirvJ to continue to champion pupil voi to raiso the profile ol and ChampIng of diver3tiythrcwhout the SchocA lo develop an improved medical Iphysical and méntsl heatth} provision to pupils and staff lo provide continuing means-tested Supp of pupils already in receipt Df fee asslstance to make available means4e$tod financial assistance lo enab pupils from kncal community schcols to experience the education offered at the SC1 to continue with and davek)pfurtherour invOeMent in the Outreach Programme fOrmuS in Devon which is run 89 a collaboration between Exelgr C8lhedral ar the Devon County Council Music Sarvice lo continue to contribute lo the life of the Iwal community and the wder Devon community through our links WI the Cathedral and local buslnesses lo develop and strengthen links with Ioc81 schods,. providing opportunities to share facilities and expertise lo continue to support local. national and workl charities through OUT fundraislng efforts lo continue lo refine slruclures and role5 so as to enaNe the School to develop ts operations as a high performing organisati¢)n. Page 2
Exetèr Cath9dral School (Registered number. 08331303) Report of th• Trustaès for the Yèar Ended 31 August 2023 OBJECTNES AND ACTivrriES Achlgvèmgnt and P8rfurnn¢fj Charltablo A¢tlvltias The School Introduced in 2018-19 8 frjnded place5 Stheme. through the Devon Award. The Awaré i8 availabl8 lo Iwo Year 7 joirhers from any Devon LEA state primary schcMJI. In 2022-23 the sd01 had one fully fvnded Devon Award holder lawarded In 2021-221. The Sahool also awarded gubstsntial bursari to enaNe four chlldren from tsvo Ukrainian refuyee families to attend the Scfvwl. The School c¢Jntinues to be pleased to supportthe cathedrafs outreach wort throughfree use of its premlses for the réhearsals of the Dèvon County JunK)r Choir and through provislon of choristers, trdnsport 2nd administrative sUPPOrt for visits tr) Devon primory schcds to prowde singirrfJ opportunitl8S. The &hool's staff are 8th8ly engaged in SUPF¥yts"ng lh8 woth of the vlder Community. including sthools In the maintainad sector. Thls year. the Head of Upper Years seryes the governing body of a local LEA primary schcol.. a Drama & Erolish teadr is the voluntary Ywth Theatre Lialson of a community theatre group,. the Chorister Tutor is a volunteer member (S&ctary) cl her local parish councAI,' Ihe local homeless shelter visited the s¢ weekly to receNe provisions lo help feed its nosl vulnerable. schocj staff Wofked wth the cathedral muglc team lo prowde a free ¢hori$ter 8xperienL¥ day lor primary-aged children from acr055 the dN)cese', th8 Head of Orama & EjlIsh serves a$ an AS and A2 ErNJlish L(fgratur8 examin8r for Ocli The Serlior D8puty Head became a govemor 81 a kKal stat&maint3ined secffidary school. Fee$ and Butsary Prov15iOII Th& School has conllnued to support parenls through means tested bursaTles worth £143,623, discuunls worth £285.816 and scholarships worth £24.255. Plant Slte Developm•ntlR8futhl$hmènt The Sthol's programm6 of r8fuTbishment and site improvement L¥)Dtinues. The followng have been projects for 2022-23.. refurbishment of a pre-prep classrcrf)m Tehousing of, and enhan¢amen15 to. the Pr8p S(*ool Library refurt)Ishment of a Prep Schwl classroom refurbishment of individual Practice rcoms in the Music Department Instg118tion of a new dimbing frame (designed by PU} Inspection In April 2L123 the Sch1 recdved an unannounced SFK>rt Visit trom the Independent Schools InspeLtOTale. followlro a matter of procadure that was InrCtlY handbd by a governor. Thg insctorS consaquèntty conduded that thè School did not meet all of the regulatory standards. The School moved quickly to reetrfy Ihesg failuS in govemance, and a subseqknent PTrxJres5 monitoring inspection after the year end has confim)ed that these standards are all fully met. Page 3
Exgt•r Cathtrdrnl School {Reglstsr•d numbor. 08331303>
Report of th• Tru$t•es
for the Year Ended 31 August 2023
OBJECTIVES AND ACTivrriES
Stafflng
Appointments
The School's strategy to Continuously imprDve the quality of pupils. aGhievements and the qLJality of pupils,
personal development. ak)ng with th8 opai8th)nal capaty and efficiency of the School. has been further
assisted by thfj appointment of some high
Exter Cathedral School (Registerod numbor. 083313031 Rport of the Trusto•s for tho Year Endod 31 August 2023 OBJECTIVES AND ACTivrriES Pupils Pupil wellbein9 continues to be a fOS for the Schod, overseen by the Deputy Head PLJpils and facilitated through the Heads of Section and th8 fomi tutor syEtem. Ajongside assambHes and PSHE lessons, forrn tine is a kay opportunity each day for pupils to socialize and 'be' rather Ihan'do.. Head's assemblies tak8 place In the ¢athedral qulrg and begin with a perDJ of stillness arJ rello¢tKffi, encouraging pupils lo devalop an apprwatK>n for 51illness, silence, medttative wntemplation, and 5piriluality. Where the ¢athedr81 has not bèen available Imalor prdect work5), SChts spaces have been used. Thè Sch¢yJl continu88 10 6mploy iwo quallflod IRCN-règister8dl Schrx)l Nurses lo help18ad and m8n898 thè physlcal and mental health of the School community. Pastoral StNcture SecliDns within the S¢hool- NLbrsery, Prerep. Lower Years, Upper Years- continue 10 8ssisI tho School in ensuring the delivery ol first-rate and age-sp8cific pastor81 (are land support for pupils, parenlslguardians and staff). Heads of Section en5ur8 effectbve firt-management of the SchcM)I'$ fomi t8achersltLrtors. age- appropriate and tailor-made pastor81 Care. are an addcal port of call for parents and famllies. A Chorister Tutor- a newly4nodelled roie in the mcld of Head of Departmenl - oversees the wellbeing and workload of the School's Chori51ers. Tho Head of Boarding does the same for the School's boorders, along with the Boarding House Mptron. The Sthool Nurses are an additional wjint of contad for pupils (and staffj wishlng lo talk aLut their mental and emotional health. An Independent $tanar is apKy)intwJ bylhe Sethcd. She holds a S¢1 mobile phone whlch number 1$ shared with pupils, in partlcular tho boarders. AssemblylFomi Time Programme Wlth the new 2-W8ek timetable in place, th8 AsseMy1F0rM Time programme hos been enharK8d. Pupll now have d8dicaled pastor81 contact time each day, exl8nded Forni Times 3 days a waek, a sectional asg8mbly andlor hymn practic8 èach week. a Chaplain's assembty eath wegL and a wholè-school Head's Assembly once a fortnight. Chorlst8rs Choristers see the Ckjrister Tutor each day and j(Nn Iheir fiKm lor Fomi Time each week The Chorister Tutor conlinues to ensur8 a ckjse eye ( the welfare, pastor81 care, communlcatlon, workload and logistics p8rtaining to chiSterS. Weekly meetings continue to take place befvleen the Departm8nt of Liturgy arTrd Music and the School. These are altended by the Cathedral's Director ol Music, Assistsnt Director of Music, Precenlor. Deputy Hèad {puFyls) and Chorister Tutor. S8feguarding, welfarelwellbeing, logistKs and communIcat)n are discussed each waek. Academic Llfe Timetable The SGhool introduced a 2-week timetable for 2022-23. Week A and Week B now operate, and su¥ect allocations have been re-aligned thr¢)ugh Sur(atIon with Heads of Dep8rtment. Currlculum Developm•nt Reflecting the School's conNmitmenl to a broad. baLqnced and folward-thinknng exciting academic provision, our currlculum has been reinwgorated dtsring 2022-23 tho folkswn9 inTtiatives: Perfom)anc8 Idramal has btsen added to th& timetsble for 8ach Prep year-group. Spanish is now in place for all pupils from Year 6 {followng its successful intrcxluclKJn into Year 7)- PE is embedded In the limelab1e for KS3 pupils as well as the resl of the SKMx)l. Page S
Ex•tor Cathedlal School IReglstor•d numbor.. 083313031 R•port of thè Tru$tees for the Year Ended 31 August 2023 OBJECTIVES AND ACTlVtriES Yéars &5 ni follow the model successfvlly intrrxluced at KS1 rKeviously". classes are taught S8parat&ly by their class lead)er (Form Tutor) lor corè curriculum suLyects, wllh ¢Le8 within a year4Jroup coming together for Ihelr ¢realivè ar tople-based eurriculum suble<*s. This prforitlsey small group leaming optx)rtunilies for Matt)s. English and Science and allows for greater Collarnt1 and tyeatlty opportunities in groups of c24 in the afteTnoons. PSHE & RSE PSHE has baan intrcduc8d as a stand-along lesson gmbeddgd in the timetable. Head of PSHE & RSE overse88 a spiral curriculum. Syllabus The Sch1 ¢onlnues to embrace the best parts of the Common Entrance syllabus. Having m8de the decisK)n lo move away from the all-or-nothing 13+ exam, the 001 redeveloping its Schemes of work. Academic rigDur and quality content is retained thrc4Jgh highquality teaching and a robust curriculum. A final public exsminalion is no tonger relevantfor OUT pupils.. the Spmg balch of papers was sat by puplls, wlth the Summer batch offered to those who wlsh8d lo slt ihem Instead. Exam Success The School has enjoyèd anolhèr year of academi¢ suctes8. The final C¢ynmon Entrance exam for puyLs in Yéar8 was optional this year, all pupils hawThJ already secured their places at sonioT school. Papers were sal by all 13+ puplls.. etherthe Sprlng or Summer batch of Ccxnrnon Enlrancg papers. All papers were maTked in line with Common Entrance requirements and grade boundaries. 13+ exam results in 2022-23 were p05itNe and reflect excellent value added for the hOrt.. 39Vo of all papèrs warè gradad A"_A 82 of all papers were graded A'-B 980/0 of all papers were graded A"£ 1 OOYO of papers were graded A'_D Scholarshlp Rèsults Th& School anjoyad notab 13+ scholarship succ8ss. 36 ScFKTrlarship8Exhibitions were awarded by senior schools lo our Yèar 8 Cohort of 31 purmls. 65% of all avers recenied a scbK>13rshipl éxhibitionlaward. wlh 85% of schotarship applicants being successful. S¢holarshlpslexblbitk)nslawards were offered in MuslcJCknVOrgan, A(alemlG Swrt, DramalPerforrning Arts, Art, FoundationlHead'slA1141ounder. Destlnation Schools The School has contlnued pyomcrtbn of 8 broad and appropTiate range of senior schocI5 and has contlnued lo focus on findlng the flght schwl f(x ?a¢h chiK1. 97°A of 13+ thvers transitioned to an independent sc01., 3% lo slate-mainlalnsd sch(x)b. A]1 pupils achieved their first-ehoice s6nior school destination- Blundell's, Downside School, Exeter School, Marlborough College, Maynard Schoc4. Queen's Cdlege Taunton. Shert)ome. well110n School. Wetls Cathedral School, Wesl Buckland SchooE. Acadèmlc Data The School continues to make use of GL A&8essment. Indudlng CAT4 testing and PIE and Pim. CAT4 sceS continue to be obtained through assessments in Year 2. 5. 7, arKI yearly PihA and PIE data 15 rxllected across the SGhDoI. Data is used to Ix)nlinue lo improve Ihe S(knd's tracking of pupll pgrformance, ils underslarKJing of pupil ability, its monV(oring d staff perfomwlce, lo assist with ils commitment to an individualised approach to learnlng. The data is a150 useful for senior school choices and referen writing. Page 6
Exet8T Cathgdral School {R•glstored nunknr: 08331303 Report of the Trustges forthè Yaar Ended 31 August 2023 OBJECTIVES AND ACTNrriES Senior Enrt¢hfflent Programme The Senior Enrfchmenl program conunues lo provNJe our oldest pupils th dadlcated lime lo undertak8 enriching non<urricula courses delivered by sut¥ect swiabsls. Pupils in Year 7 and 8 choose to follow oilher the Creative Arts strand (Mus, Drama, Artl or the sp and Fitness slTrnd Iswrt and Performance, SpDrts Psychology, Personal Fknessl and refve expert tuition in small groups eath week during dedlcated curriculum lime. Th8 impact on the creattve and swts'ng lrfe of the Scthool - as WBII as on the levels of scholarship successlsee 8LKSVe)- is m8rked. Parents Evenlng and Sernlnars The SGho¢l offgred a number of online semlnars and meetings for pargUardianS as well as fa¢e-tfrface meeungs. Thi8 Included some p8rents' evenlngs, nunvacy evenlngs. phonlcs evenlngs, revislon semlnars. exam prep8ratKJn. Extra<urricular and Enrichment Leaming beyond the classr¢x)m is a value(I part of tho ECS education. and the Sth(yJl recognlses the cènlral Importancè of the learriin9 OPP)rtunities prowdail by extra-currkular athitses. Music and The Arts play an Important part as does our extensNo Sports prJraMme. and we offer a wde choice of Glubs each tomi. It matters lo us that pupils have the chare to expltsrè new terrliories and develop new skllls, and that their talenls and intèrests can be Nrtured and enlhused by Specialist staff. A full and varied range of extr8¢urri¢ular clubs were offere(I Ihroughwt the year. A new leadership post was Introducad for 2022-23: Head of Extr8£urricul8r ActNitses. Clubs aVlable to pupil$ In 2021-22 hav8 Included- Boom Wh8ckers. Fo51, Drama, Football. Athielics, BLK4( and Tea. BoaTd Games. ConstructiDn, Wool Craft. Squash, Hama Beads. Debating, Book Club. Music Theory. Knith'ng for Wellbeing, Chess. Comic Club, phabel Club, Lego Masters, Poety by Heart, ArL Sclwol of Rk. Jazz Slngers. Wellbeing Club, Judo, Prep Support..Codlng. Red Hot Chilli Prgppws. Watercolcmjr. Dinosaur Adventures. Pokémon, Squash, Craft, Fitness, Ta9 Rugby, Smoothie Club, Crick8L TnIS. Leavers, Programme The School's ECS Futures Pr¢yJramme mv&l into itsthird year. Atthè end of Exam Weèl a series of Ihemgd weeks was offered lo Year 8 pupils, with puwL% taking part in a range of enriching and creativ8 activities and challenges. The tradibonal Leavers. Camp look Pla on Dartm(K)r, and thè Leavers, Showcase was a bespoke show wrillen by our EnglishlDrana department and perf¢)m)ed on the stsge al Wellinglon School. A Yearbook was produced by the pupils and staff, and a Lgavers, Prom was hehd al Haine - coMpte wrth Ceilidh and PiAza van. ECS Live Lecture Serie$ In additlon, as part of ECS Futures, Ihe 'LNe Leure. series was offered to pupils to broaden horEons. enrlch and inspire.. Rees Jertkins mang it up as I go along Steva lQrby Healthc8r8'. cats. planes and thithensl Keith Graham From fishemian lo Ltfeboal Coxswain TIM Parker Working in Cyber Se¢yrity Rod YoLJng Horizons in the Sky Emma Laws How to make your words sing Dr Loura Bethune Ling and worknng as a Doctor in Africa Susan Lloyd A career not In the office.. Jungle5, 5n¢)w, sand. sea live ent8rtainment Daniel Hayward Osteopathy. ifs notjust trM)nes. John Skitt Cnsel71n9 and w(¥king in the ld of mental health. Page 7
Exètsr Chedral School {Reglst•r•d numb$r: 08331303} Roport of tho Trusteos for th• Year Ended 31 August 2023 OBJECTNES AND ACTivrriES Recruitment and Retention In September 2022 the Sch1 enjoyed 8nothor increase in pupil numbers. folbwlng an Increased roll in 2019 2020 and 2021. 11+ Entry Award$ The S¢hool continues to offer an Awards s¢thème for pupils mowng into or joining the Sclwl intD Year 7. Awards (which lake tho form of fee remlssion} are offèr8d fc thosa abk to make a slgnificant cor)lributlon lo the School in the followng areas.. Music, Academic, VisuaVPerfoming Arts, Sport. 14 Awards werè off6red for September 2023.. 2 x Acthmlc. 2 x Art, 2 x Dram4 2 x Sport, 1 x All-Rounder, 3 x Head's Award, 2 x Music. Th8 School has also continued to offerth? Devon Award-. a fijllyfunded {I00%) place at the Schwl throughout Years 7 and 8 for lup lo 2} chiklren joining the Sch into Year 7 from a Devon LEA state primary school, and who are able to contribute significanuy in th¢ atx)ve categories. These awards are means-tested. The Schotsl was disappolnted rKJt to be able to offw a Devon Awwd for Septwnlxr 2023.. this would have a fulty day pkco. Choristershlps Volce THals took place in the cathedrdl and wère SUPFx(ed by tho School. 9 choristetshlps wem offered for Seplembar 2023.. 3 glds. 6 boys14 ctstt8nl pupiL8, 5 extomal aprM)intments}. Sport and Wellbelng The School prfdes btself on its sport and physical wellbeiNJ provlsion. Despltg belng a dty-cenlre school with no on-site 5PQrts facilitiès, wa are able lo offer firsl-rate provision thanks to excellent relationships with Ihg city's Sntematlonally recognised sparts facilitles and surb leayership of the department. Ethos The Dlrèctor of Sport is Mrs Emma R055 {a form8r Hcygy InteTnatK)nall, and our sportlng philosophy i5'SPOrt for all,: the focus is on parti¢lp¥tion, dev8bpmènt arKI enjoyment whilst still catering for our elite alhlelgs. We provide an outstanding Sport and Wellbeing educaticffi. arbj we want to nurbjre a passion in all of pupils so thal when they leave at the end of Year 8 Ihay do so with a k)ve for a healthy and active lifestyle. Provlslan Our major team SrtS are hockey, crossrycounty, netball. cricket and athticS Igirfs}; rugby. cross-county. hockey, cricket and athlellcs (Lwsl, and we offer a range of srKMt'ng dubs and actwities ILK)th recreational and compeutlvel after school. Lessons and coaching offered to Dur pupils indudes.. Re¢epUon and Year 1.. a PE lesson each week delwered by a specialist member of the srK)rts d8PartmenL Year 2.. a PE lesson each week and a Games afternoon each week,. Years 3 to S: a PE ksson each week #nd tNbtJ Game8 8ftemoon$ 08ch wetsk,. Years 6 t¢ 8: two Garnes afternoons each week, and our Sènlor EnriChnnt Swrts Programme eadi week. The School is proud to be c¥)ntinuing wlth rts Girfs. Cricket prcMJrammo. Throe years after ils inception, full colours for Cricket a now routinely awarded to girfs and boys. The new 2-week timetable allows pupils tc) g6t 8 tsste of new swrts, including badminton, football, lacrosse, basketball, ulb'mate frisbee. Every puyl from Year 2to Year 8 r8pr&sented the School atthe major team sports (cricket, hockey, rugby, netball). The School held 3 Sports Days in 2022-23. Page 8
Exeter Cathedral School {Reg15tered number. 083313031 Rgport of the Trustees for th• Year End 31 Augu$t 2023 OBJECTIVES AND ACTNrriES Senlor Enrfchment Programme Our Year 7 and 8 puplls can als¢ follow the Spts strand of Senlor Enrichment Programme: dedicated curriculum time to focus on Sport and PerfomianL%, Sports PsYc11C#3y. Personal Fitness arKI, where appTDPriatg, scholarship preparation. Facilltlgs We 8ro proud of our 1oro-stslj 8ssouation with some of the region's top sporting clubs and venues. We train and play at the workl-cla5s Exeter University Sports Hub, induding the Kstroturf pitch85 8nd th8 Indwr Sports Hall,. Exelar Cricket Club ond CourtyGround. Ex8terAthleti¢>Arena'. 8nd Victori8 ParkTennK% Club. All of Ih8$e first-rate venuès are a few moments away in one of our minibuses, allovjlng our pupils and stsff lo make the most of the best sporUTrJ facbllties in the clty. Sportlng Succe$s 2021-22 ECS pupils eamed r8presentatsve horwrs at county Ve1 in Tennis Hockey Cricket Wsterpok) Gymnasti< Two puplls ware s818cled for tha Natnal Prep Sthoois Athletlcs Finals in BiTmln9ham. Musl< Drama and thè Arts Muslc is central lo the lrfe of ECS. Founded as a choir school In the 121h century. and as ffle of todavs 42 Cathedral S¢hooLq in th8 UK ECS has rnusic and music-making at Its heart.. it Is in the wans and in th& blood. To this day we om known for th breadth of muslcal opportunity that we provide, and for being a schod whlch prownotes'music for all, whllst all the while providlng high-callbre training and opportUneS for our most gifted elite muslaans. Muslc at ECS Is elite but not elitlsL The hub for OUT muslc-making is KalerKlar Hall, a studio space, cIassroom and practice rooms fDT rehe8rsal5, ensambles. productions and pertomances. We are also proud to make use of the Cathedral Nave as a regular lar,d spectacul8rl perform8nee space for our i#sCa rela15 and concerts. as well as tapping into the City's leading professional perfomiance venues for our major prcductions and perf(rnances. Our annual Prep School House Music Competition takes place in our nevJhbourirng local church.. and more intimatè recitals, soloisis, evenings. chamber concerts arKI our Perf0MrS Piattomi Serles lake place In the Chapter House. Kalendar Hall and the Cathedr81 Quire. Some of our most gifted pupil musicians are ClsterS but by no means all: we are prwd that music scholarships and awards lo some of the CoUntS leaduig seniorlpublic schoo15 are won by Choristers and Non-choristers alike. Children acros5 the School are 8ncourag8d to GTeate, to preténd, to imagine. and to have the confidence lo act out and perfonn. Our Nursery and Pre-Prep children all take part in one of our Nativity Plays, and opportunities for storytelling, rol&playing and Imaginalive play featurg heavlly In our EYFS and Key Stage 1 curriculum. In th8 Prep School, all puplls recgive Drarna tuthon through our Perform3nce Curriculum, and Drarna and Poety Clubs are on offer after-sch(¥ to those whose appetites have beèn whetted. In addition, our weekly Senior Enrichmeri I Programm8 allows our oldest pupils to delve into an extended Drama course.. those with scholarship aspirations T&ceNe speualist tuition to halp them prepar8 for Drama or Perfoming Arts Scholarships to Ihair senior schwl of cho. Page 9
Exeter Cathgdral School {R•gl$tgred number.. 083313031 Report ot tho TTUStees for the Year End 31 August 2023 OBJECTIVES AND AcTlEs En$gmbl&$ and Pgrformances Music ensembl8s: H811 Hou88 Singers. Year 34 Cholr, Year &6 Ch(Mr. Year 7-8 Choir, R8eorders, Arco Ensemblo. Orchestra 1, Orchestra 2, Flulopla, Guitarmadillos, Jazz Singgrs, Jazz Band, Band, S¢hool of RoBk, Boom WhackÉr8, Bash Stroel KKI8, Red Hot Chlll Pr¢ppgrs. Rhythm Musl¢ & Drama Perforniancg Opportunltles In 2021-22: Performers, Platforms x 12 Cathedral Services Autumn Concert Icalhedral) 32 Annual Charity Concert Icalhedrall Jazz & Rock Night (Exeler Phoenix) Orch8stral and Chamber CDn¢grt 1st DavKI'$ Church) All choif5 perforrned at Speech Day Icath8drall Whole-Sch¢Jol Carol Sèrvir Pre-Pp nauvities Year 3 poetry and drama 8venlr#J Yoar 4 prIUCtiOn.. Tha BFG Year 5 pwiuction.. Goth Gi Year 6 productlon.. A Midsummer Night's Dream Year 74 production.. The Show Must Go Onl Poelry by Heart IntemBJ rwnds and finals 9vening Class Musle Lèssons Class music lessons are delfver&l to every pupil across School. from Roception lo Year 8. by on8 of the School's mu8ic specialists. Each pupil in the Schcd from Receptiw to Year8 reiveS wèÉkly Class Muslc lessons. In$trumontal Tuitlon Instrumental lessons are very popular among ts wpils.. In 2022-23 over215 muslc le&son8 have taken place èach week. The S¢hool nerrtS from the eXpese and experierKe of a number of Visiting MUS Tea¢hers, and offers pupils 1-2-1 luilion in the followng Instrumants.. Violin, Viola, Cello, Clarinet. Saxophone, Flute. Oboe, Bassn, Percu55ion. Brass, Guitar. Voice, Recorder, Harp, Piano. Muslcal HonouT5 The School is proud to have a number of pupils playinglsinging in knal, county and national ensembles (including the Devon county Junior 1Chestra and Devl Youth Symphony Orchestra and lots of participation In tho Davon Performlng Arts Competilionl. as well as to educate the Choristers ol £xeter Cathedral. ABRSMrrrinity Examlnation results During thè 2022-23 year, Associated BDard 8xams and Trinity co18 exams took pl8e8. We wgre delightgd lo wlurn another successful sot of results.. 1% pass rate. wth 80% IIng graded Merit or DistSnctiDn. Page 10
Ex•tgr Cathedral School (R•glstergd numb•r. 083313031 Report of the Trustees for the Yo)r Ended 31 August 2023 OBJECTIVES AND ACTIVITIES Chorl$tars The Choiisler continue lo play a signrficant role in the life of the Schcol. the Calhadral. and the Mder communtty. They slng tho daily sung services in the cathsal as well as ELtharist on a Sunday moming lin total, 7 services). Duties are split routinely atKI fall to oither Gir15 or Boys. Al th? end of thg 2022-23 academic year. Choristers in Year went to Wabs and Ireland on tho Cathedral Choirfs Tour. The lour was accompanied by 2 Tnembw3 of )1 staff (Chorister TLrtor and Headl, had delegated responsibillty for the safeguardlrvJ and chaperoning of the pupils. Weekly wtsifare meetings contlnued between th? Sch and the Cathedral lo ¢Jiscuss Chorister wellbeing, safeguarding, loglslics and communication. Attering the meetings are the Chorister TLrtor. the Deputy Hèad (pupils), Ihg Cathedral Director of Music. tho Assistant Diroctor of Mustc. th& Canm Precenlor, Ihe Chief Chapgrona. Pupll Volc• and Dlversity The School Is in its second year of having a dedicabj member of staff to oversee both Pupll Volce and EDI.. H8ad (rf Pupil Voice & Diversity. Great lengthg ar8 gone lo ensure pupils know how they can makè their voice heard if they think something is wrong, and our school culture of kindness. awarenes5. acceptsnce and tol¢r8noe 14e are a place where people mallerfl underpins OUT 8xpectalvJns and our interackns. A You said. we did, display Is now vislble in the heart of the school. as is 8 Black Livss Matter display. to vthkh pupils contribut8. Pupils know how to us8 th6ir vcmce lo make themselves heard. and that th&y wil alayS be listèrd to. Thèra ar8 now 4 pupll ¢x)uncils. ¢ath chalred by purlls wlth th8 SUPFrfJrt ¢Atho Head of Pupll Vol¢9 & Diversty lor Hgad of Bo8rding}'. School Coun1 Eco Council Food Commttt8e Boarders, Counol Pupil represenlalives were elected lo thesocommiltees eac fomvdass. including Year 2 pupil$ (ensuring that pupil voice in the Pre-Prtp is heard. A PU1 Leadership wsl- Head of Pupil Voice- was he joinuy by Year 8 wpils. In addition. pupil panels played a part in many starr apintMents. Celebrating championing diverslty has been an impK)rtant f¢xus lor the School this year. Forrn time a¢llvlties have taken pL4ce as well as assemblies and Idks. indLJding frC Proud 2 Be. Pupll Lèad•rshlp Two Heads of Schod were chosen by the Head fdlowing appLutr>ns from pupils and consuftsti)n with 811 Prep staff. Two Daputy Heads of School were also aptx)inted folk)wirKJ the same process, along with a team of prefe¢ts. For the second ye8r In a row, prefeds were appointed on a termly ba*& allowing all those who wshed to experfence a leadership opportunity to be Sn post throughout Ihe year. other Pupbl badershlp p081s includ8d Senior 808rder3 and Heads of PLwiI Voic8, as well as swrts captains, senior choristers, and leaders of the orchèstra. Wrap.Around Care The School is in its second year of ils enhanced WraKAround Care provision. Page 11
Exétar Cath•dral School (R8gi$tsY number: 083313031 Report of tha Trustee5 for the Year Ended 31 August 2023 0ECTIVEs AND ACTMTIES All provision tween 08hOO and 17hW, in both the Pre-Prep and the Prep. is included in the luition fee. Save In the rare cases where specialist faalib'es are hired or specialist coaches brought In, there is n¢ longèr any chargg for supemsionlacllvktles befften th8 ènd of le550ns115h15 Prg-Prep. 15h45 Prep) and 17hOO. Th5s underlines our firm commitment to offering a fulfy-rounded educational experien for all ECS puplls, and reflects the Importance we attach lo exiracurri(xJlar opportunity and invofvemènt. SplTltual Llfo The School has ts OTigins in Chrisb'an worship. The Sr*ool is situated in the lee of the cath11. and to Ihls day the Cathadral continues to play a central role in the INOS of the pupils and staff 81 ECS. We seek lo foster a gently Christian environment in which Ihe vaknes of knie, tolerance, acceptance. genllene88 compasslon are endorsed and modelled through (Hjr da1 Interadons and in our dedsion-making. We welcome chiklren of all falths and none.. whatever cne's religious leanings. there is a spirrtuality to be fourhj in collective slilln8&5', in gathering together in quiet: in mindful together. We want our pu 1$ lo mindful ol, and gratèful ffx, those around them.. lo be aware of Ihemselves and oftheir impact on others., and, through Faith or a more g8neral appreciation of Spmrrfcuality.. to have a sense of woider and awe al th8 thought that they ale part of something greater and mor8 timetess than Ihemsefves. Hèad's 8ssembltes take place in cathedral qulre (vthere possible). Each $8s8ion begins th a perfod of quiet reffleclion, en(L>uraging pupils lo develop an appreaauon for stilln8ss, silence, meditative conl6mplaUon, and splrllu811ty. A grgal8r focu5 was also placed on Fom) Times at the start of thè day. Thes8 8xiended session5 in srllall groups allowèd chlldren to spend time together 'being' rathèr than dng,, and lo practi88 conv&rs8ti and li8l&nlng. 11 also allowed fom Ivlors the ¢hance to worf( aknngside p3Clar Individuals who required some additional support. School services in the cathedral Induded the Carol Service, Lent Se6, HaNest Festival and Valodictory EuohBrisl. Chorislarvalgdiction took place al the end oftha academic year. and our0uto1J senior choristsrs were presented wllh Iheir18av8rs' books and prdyed for. A rolatin9 teBm of servers {crucrfer arvj acotytes) assisled the Chaplain wrth s¢J1 serwi¢69, and reading and PTay8rs were18d by pupils from across the year-groups. Charity Fund-raSslng The School was pleased to supp)rt a numb8r of aThJ national charities throughout the y&ar. The chosen charity of the year {voted for by pupiL81 was Jay's an organisatK>n that ptovldes defibrlllalors in the locality and tralning to h(X}IS. The School was pleased lo partner wth JaS Aim lo jointly fund a publicly- accessible defibrillator affixed to a school building. Somè £4.000 was raksed through a range of activities, most slgnlficantly th8 3yd Annual Charity cOnrt and lis sponsored programme. The School was also pleased to raSse money chIren In Need, Red Nos8 Day the Poppy Apal. and lo support Surfers Against Sewage by carrying out a bea¢h clean, and Exeter Food Bank by harvest donatv)ns. Wellbelng. Engagemenl and Enrfchmont Thè School lakes ils social and Community responSilieS seriously, and this 9Xtends lo prOv1ng opportunities lor pupils and parenlslguardians to errfJage In School and community talks and even15, as well as furbd-raising a¢lfviti8s for local and nalK)nal char[ti. The School continues to value and prornote engaggTnenl and from parenguardIanS and the WKler (£Anmunity. In 2022-23, engagement opportuntbes lo parontslguardians and pupils. included vlrtuallln-person parents. evenings- parenuguardian seminars- currilurn engagTran1 &venirKJS', phonics evenirvjs, Head's coffee mL)rnings', Tha ECS Journey events" themed curriculumldress-up days., woth book day" 3 sports d8ys; soclal m8di8' concerts.. plays; open Classro( events. Page 12
Exetgr Cathedral School {R•glslered numb•r. 08331303) Report of the Trusto•9 for the Year End•d 31 August 2023 OBJECTIVES AND ACTNITIES Speech Day & PrIZeI¥ln9 The whole School came tether for Speeth Day & Prrze-Gfvjr in thè cathedral nave. Speeches were glven by th& Heads of School. the Hoad and thè Guest of Fkinour Rthard Biggs (outgoing Hèadmaster of Kiro's College, Tauntm). Al (K)irs perfoTm8d. a5 dKJ 2 soloists. Prizes wwe awarded for demiC athievèment. effort and prOgS$. sport and the arts. contnbution to or ex¢ell8nce In the wider lrfe of the SchoJl. and for gocJ ciUzerL8hip, knndness, discipleship and forti11. Summary The School has been ple8sed to achieve mtabh SLKte53 OV8r the 2022-23 academic year, wth encwraging a¢ademic rgwlls, slgnificant scholatship SUC5. an incmse in yèar-on-year pupil numbers. 8 financlal pos1t1 which shows a good dlrectiDn of travel. and a growng and glowi ffputation locally and more widely. This is thanks to a livoly and positiv8 pupil coh(yl, an gaged arNJ supportive parent body. a 18rrfi¢ally-har working siaff team, a visionary and purF*)88fiJl executive management team. and th8 energy 8nd expertise of Its Goveming Bpdy. The Sdiooi hopes that through( the 2022-23 academTC year it has ¢x)ntlnued to build a Strong. kind, purposelul, loving and relIent ¢cmunity whith is fuiure4eady. Aixsve all else, the School is commttted to being a place where people m81ter. aThJ to vmrknng with famIr to help wpils acquirfr the right habils for life. STRUCTURE, GOVERNANCE AND MANAGEMEP Charitable constitution The School operates under the tem)s of the Compan5 Memorandum and Articks of Asswiation, dated 13 D@ceTnber 2012 and tha Statem8nt of Actiwties and FbI Bènefit s&aled by th8 Charity CommlssionoTS for EInd and Wales on 28 March 2013. RgcTUitment and Appointment of Board Members The GovernSng body understands the need for the Board to have members ski115 and exwen ar8 attribJled lo thos& required to running 8 Sthool. Where P)ssIb the Govemors con8h4or Ihal the sknlL8 and oxperience of the 8oarKI should comprise th8 following.. * At least one Governor wlh èducation expgrlence . A Governor with a finanGiaWaccountiny background • A Governor wth experi8n¢e ol Human Resoufcg IHRI matters . A Governor with senior managerial or business expert15e . At least one Governor with expèrience ofworklng ythIn church of ErvJland All nominations for the Board are approved by the Board, folknwing vthich such persons shall also be aptx)inted as Trustees (Govorrsorsl.. apwintments take effed frcKn Ihe date the Board confims its approval in writing. Board Members Appolnted durfng the parlcxl 01 September 2022 to 31 August 2023 Five b(>ard tnembers18ft during the yèar.. Derek Phillips. Richard Biggs. Mark Sugdèn, Susan LockWoj and Nicola Cowling. One board m8rnber. Aison Fisher, was appointed this finanual year. Chartes Beer was 818Cted Chair in July 2023 folk)wing the retirement of Derek Phillips. Page 13
Exeter Cathedral School (R•glstsrnd numb•r. 08331303) R8port of the Trustees for the Year Ended 31 August 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Dlrectors, Inductlon and Tralnln9 All Govern¢YS hav6 rèc8iv6d information warding t1r responsibile8 as Trustee5 of the Charfty. All new Board Members r1ve induction training and inf¢)rmation regarding Iheir role as a director of charitable company and a govemor of an IIMI8P8ndent schcMII. During the period 01 September 2022 to 31 August 2023 all Govgmors have receNed updates regardiN Safeguarding Chlldren and Keeping Chli dron Safo in Education {KCSIEI Includlng sublacts linked to Possib cyber thrgats such os s8xtlng and Prevenl'ro RadicalisalK)n rnie Prevent Duty}. Rlsk Management The Govemors have a duly lo identwy and review the rfsks lo whlch the School is exposed and to ensure appropriate controls are in pla to provKle rea50nabie assurance against fraud and error. Comprehensive consid8r81ions of risk are degated to the Head and Senior Leadèrship staff oftha SctK)ol. Risks are id@nllfd, assessed and controls established throug1 the year. Rlsk is managed underthe headiros of finance. health and safely. environment, student welfare, eMpYMent and school trips and events. The main risks tho Governors aThJ the Head have identified are.. R¢putation. The Sthool's success is built on its r8PUtation for thè èdu&•tion and well-being of its pupils. This risk is managed Ihrough a combination ol robust policies covering safeguarding, KCSIE and staff recruilmenl, and strong pastcial support for both Pu1$ and stsff. Health and safety issues are actNe Idenlified and dealt th in a timety manner. Flnanclal sustalnabillty. Reliance on pupil tse In¢x)me and rts Impact on the School's abTIIty to pay invoices as thèy f811 dutr. This risk is managed by marketing actwity and cash flow managBm8nl systems including a¢cgss to an adequate short-lerni creditfatilty. There 15 a risk associated with the invesimenl of surpluses and designated funds, This risk has been MItated by the truslees instructing Hawksmoor Invgstmcnl Management Llmited to advise them in connection wth all the compan$ investment arKI any potential rlsk arising from the invested funds. Boarding. A slow decllne In full aNI weekly boarding ntjmbers CCxJpl wlh a trend for llexl-boarding, has the potential lo impa(* on the resources of the School. This lo a review of the continuance of this provision and thÈ dec¥sK>n that the boardiThJ se VAII close in Juty 2024. IT Ilnfomialion Technology) Data Security. Failure to provide agquatè systems proteetr>n to key busines5 syslerns and resourrgs. This risk is maroged through a password protected rt network system for ensuring security. Ml reasonabk seujrity rneasure5 have been upgraded (including firewa118 and email fillers) lo offer greatèr wotectk)n against exlern81 threats such 8$ hacking and virusgs. In comrnon with oth8r organisations th8 systems are al risk to extemal threats and a possiblg breach of data {often through the inadvertent intrcduction 0fTrol programmesl. Foms ol braath ar8 constantly being developed by criminals and cyber ransom is the blest trend in this area. Security of data depends upon a combinabon of physical securtyto Protect data from being hadied as well as reliance upon good pra¢ti¢è by the users with access lo sensitive data. Al staff are regularty reminded about the Imw)rtan of respgcling the integrity data stored on our systems. passwords are required to be changed every 90 days and there are policies in place for Ihe1eryth of passwords. Data Protectlorb. The Dats ProledKJn Lead {Privacy Officèrl has had exiensiv8 tralning and is conversant with the General Data Protectlon R8gulatK)n IGDPRI legislatlon and the requirements It places on the School. Govemors and staff have receNed some initial training,. fLJrther tmining is provld8d on an ongoing basis. Currlculum. A Stror academic prow5ion requires the most ableteachers to dtslNer a v8ri8d curriculum which inspires the minds of pupils lo18am. This risk managed through a Bornbinalion of a employing a strong academic team. offering compeUINe salaries and allowances for additional responsiblllues. leadership w)5ilions and specialist subject aders. Pag8 14
Exeter Cathedral School (Rogistèr•d numbpr. 083313031 R•port of the Trustee$ for the Year Ended 31 Augilst 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Safèguardlng. Ex&ler Cathedral School recoJni8es its mord and statLrtory r95wnsibility lo safeguard and promote the weffare of all pupi15. We endeavour lo provid8 a safo and welcoming environrnent where children are respected and valued. We are a to the signs of abuse and neglect and follow procedures lo ensure that children receNe effethe sUPPOrt, prot8¢bDn and justice. Child prolectK)n forms part of the school's safeguarélng reskKnsltslrfes. The School supports all staff, volunteers and governors WFK) work wth children in promdiny them wtth appropriate trainlng lo ca¢ry out their individual responsibiliti'es for child protection effectivety. Nèw staff are made aware of thè School's arrangements for safeguarding and thild proteciion and their own responsibilities with regard to safeguarding the welfare ol pupils al Ihe School Through the risk management processes established wthin the Sd)ool, tho Governors are satisfied that any major r18ks identSfied arg adequatdy mItat8d. The Governors recognise that systeS and processes can on prOve reasonable bul not absoILrte assurance that ary maltr risks ean ba adequatety managed. Organlsatlonal Structure Th8 Governors, who are also director5 of the company and charity trustees. are responsible for the overall management and control of Exeter C8lhedral SclKM)l and meetas a frjll tJaré three times a year. All Govemor8 give their lime freely and with the exceplion of expensas being paid,. no remuneration was pald durlng Ihg year. No Govemor or person connected with a Gover[ received any banafit from means tested bUrSarS or scholarships awarded to pupils. The Direcaor of Finance & Operations IDFOI trf Exèt81 Cath6drBI School also holds the post of Clerk lo the Governors arKI Company Se¢yelary and is respon&ble for o)-ordinaling the w ol thg Governors ar their committe. The Govemors dekgae authoty lor the day lo day running of thg School to th8 Hèad, SLJPPOrted by s8nK)r staff. Koy Managèment Porsonnol The Headrnaster undertakes the key leadership role overseeiro educatiorh81. pastoral and administrative fun¢lSons of the School s1h the supwrt of the Sch)ol's Senior Leadership Team ISLT),. which consists of the SEnior Deputy Head. Deputy Head Pupils (also the DeshJnated Safeguarding Lead IDSLII, the HÉad of Pra- Prep. and the Director ol Finan & Operations {DFOI. Headmaster IHMI SgniDr Deputy Hewj Deputy Head {Pupilsl and DSL Hèad of Pr&Pr8p Director of Financ8 & Operations Acting Head of PrtrPrep Jamos Foatherstone Andrew Barttt Sarah Reddington (ReswJned 30 August 20231 Elizabèth Bow {Resigned 31 December 20221 Steven Webber Heidi Layhord {Appointed 1 J8nuary 2023) Tho day-to4ay 8dministmlion ofthe Schwl is urMJertakon within the polioes and procedures approved by the Govern$. The Hèad overseès the r8cruitment of all educational staff. whilst under delegated authority the DFQ ov&rsoes Ihe recruitrn8nl ol thministralwe and nOtea1n9 support staff. The Head, the DFO and tha DSL are invited lo attend Governors. meettros. Other members of the managem9111 tèam arè inved to ideniified Committee meetings. Memberships Th6 School is a member of IAPS It Independent Assouation of Preparatory Schools), tho CSA (Cholr Schods, Association), the BSA (Boarding Schools, Association). the AGBIS (A&sociati of Goveming Bodies of Independént Sch(KJlsl and ISBA {the Independent Schools, Bursars Association). Membership of these organisalions provides rnany opportunities for the Head and the SLT to share expertise, knowledge and expedence across thè independènt sd)wl sector. PaJe 15
Exetor Cath•dral School {Registergd number: 08331303) Report of the Trust•eS for th• Year Ended 31 August 2023 STRUCTUR4 GOVERNANCE AND MANAGEMEKr FINANCIAL REVIEW Prlnclpal Funding Soureès The prsmary source ofincom6 is gengratedthrough the payment offe8s. Inm6 1$ eynded in Ihefurth6r8r of thè School's aims and objectiV9$. AJI net incoming rèsourtss are eithgr deployed for edu¢alional purpos8$ or Invested for fulura developnent prqecls lo enhance the fatyK of the School. Financlal Assl$tance Schemes BLJrsary awards are made purely on the basis of parental means or to ralieve hardship where a wpll's education and future prospects woukl olhervse be al risk, for eXame in the case of111 h8alth r8ndering a paTent temporarily unable to work or redundancy. In assessing rneans for support several factors are Coldr8d Including tsmily in¢cme, Investments #nd $8vinus and property ownershlp. Other circumstances such as dependent relatives and the number dsiblings are also taken into ¢onsideralion. The S¢hool employs Bursary Adrninlstration Limited lo conduct objective assessments ofall applications for Lwrsary awards. Exeter Cathedral School does not hav8 3 large endowment from which to provide bursary support and in making SLJth awards il needs to be mindful of the balanc¢ betsY¢en fee-paysng parents, many of Thake considgrable sacrlfices lo fvjnd their child'5 education, and those who might benefit from bursary asslstance. Where more than one child in a family attends the Schwl. a sibfing discount of 10% is offer8d for tho second and any Subsequent chlld. As part of our recNitment and retenllon package for thcting high calibre staff. the School offers a disc4Junt scheme for staff mémbers who choose lo educatè their chiklr8n at the Sch¢x)I Rdserves R•vl8w The Govornors regularty rewew the finances. bLKYgels and speThl against budget., th&y ar8 satlsfied that they Iw>ld sUffiCnI liquid resèrvès to cover the ¢>Jmpanls cyjrrenl babilities. The Goveinors consbder it Is necessary to maintain a b8Lgnce b8twe8n preserving a pOse b8r0 sheet with sufflcient reserves lo operate for seveTal months a1 maintaining the infrdslructurè of the School in sound order to clie to attr8ci new pupils. In an increaslngty competitlve mark8tpla¢&, the Govemors arè aware of the irnportance of maintaining affordab fee levels. The Govomors recognise that thè lèvel of reseNe8 fluctuates durlng pernds of investment in the Schoc4's estate. To that end: the School has drawn its reserves to improvè eash fk>w or lo provide security lor short tem credit facilities when nwss8ry. The financial sl81gménts have been prepared on a Ing concem basis. Th8 Trustees have reviewed and considered relevant information, inclu(iiny annual budgets. pu nUmr ond cash Ilow forecasts. in reaching this positn. They arè aware of future risks i[ludir the possibk decline in pupll numbers and the threat of substantial tax changes under a dfferent govemm8nt and wll be taknng appropriate steps lo manage these sks. InYestm•nl Pollcy and Obj¢¢tlv•s Inv&slm8nt activities are tnanaged in line wlh thè rUlMentS ofthe Trustee Act 2000. The Governors have engaged Hawksmoor Investment hAanagement kn"mited lo manage their inveslme4t portfolio. Tha objedive of the Investment Is to provide income whh can be Te-invested lo further the objectNes ofthe company. Pension Llabilify The School partKipates in the Aviva Pensions Tnjstfor IndepJen1 S¢*KN)Is IAPTIS)foracademie and related stsff. Tha School also operates a defined contribution scheme. operated by the Pensions Tnt, in r8SPgCt of staff not eligible lo join the APTIS. Page 16
Ex•tor Cathèdral School (R•glstwod numbw. 08331303) Report of the Trustees for th• Y•ar Ended 31 AuguBt 2023 FINANCIAL coROLs The internal financial contml of the Schwl's accounting procksses are based on a tramework of regular management information and administrative procedures including the separation of dUtS and a system of elègalion and accountability. In parb'cular il in¢lude$= Comprehensive budgeting and monitoring systems with an annual budget and termly financial reports Imanagemenl accounts) which are revtewed and agreed by the Govemors,, . Regular reviews by the FinarKe and General PurFues Committee of reports and key perfom)an¢e indicators IKPlsl and ol major purchase pLgns or Capitsl invastmentthrks proFosals.' Clearfy defined levels of degated aulhority and the segregation of duties.. . IdentlI1)n and management of risks Golng concom The financial slatemerhts have been epar1 on a going concem basis. The Trustees hav8 revlewed and considerod rolgvanl informatlon, induding the annud budget and futur8 ¢ash flows in making their assessment. Based on these assessments, gNen the measures that couhd be undortaken to mitigate the current advers8 conditions, and the current resources available, the Trustees have conctuded that they can continue lo adopt the goln9 concem basis in preparing the annual repK)rt and accounts. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 08331303 IEngland and Wales) Reglstered Charlty number 1151444 Registered oflice The Chanty Palace Gate Exeter Devon EXI 1HX Webslte -exelercathedralschool.co.uk -exeler¢s.o Trust•e$ D J Phillips (Chair until Juty 2023) Vory Rovd J Grer R R Biggs J M Sugd&n N R Pockett CarKJn J Mustard Canon J Ellis Prof M Tottor<lo11 C E Bear (Chair from July 2023} N Mitchell C lQslingbury S Lockwoc N Co1ng A Fisher Director (Resigned 10 Juty 2023) Director Director (Resigned 10 Juty 20231 Director {Resigned 27 Apil 20231 Direclor Director Director Director Director Director Director Director {ResbJned 14 Dember 20221 Director {ResKJn8d 13 Octobèr 20221 Director {Ap[mnted 13 Febnjary 20231 Page 17
Exet•r Cathedral School {RegISt?r numbor.. 08331303) Report of the Trustees for thg Year Ended 31 August 2023 REFERENCE AND ADMINISTRATr DAlL8 Headma$t•r J M Fealherstone Company Socretary SJAMWebber Audltor8 Haines Watts (Weslernl Limited Slalutory Auditors 3 Soulhemhay West Exeter D8VOn EX1 1JG STATEME OF TRUSTEES, RESPONSIBILMES The trustees Iwho are also th8 diractors of Exeter cathra1 Schocd for the rxJrpos8s of company law) are reSnsIble for preparing the Repjrt of the Trustees and the financial statgménts in accordance with applicable L7w and Unitod Klngdom Accounting Standards IUn((ed I9dn Generally Aepted Aecounting Practice) Indudlng Financial Reporling Standard 102 Yhe Financial Reporting Standard appllcabl8 in tho UK and Republic of Iroland. Company law requires the truslaes to prepar8 financial statements for each finanaal year whlch give a true and fair view of tho state of affairs of the ch8ritabk company and ol the IrKoming resources and applicatn of sources, including the income and expenditure, ofth8 charrtable wmpany for that perlod. In preparing those flnancial slatemenls, the bvslees are required to-. selact suitable accounting FKAiues and then appty them consislenty.. observe the method5 and Fxlnci*s in the Chartty SORP., make lLgem8n1S and estimates that a reasonab and prudenL prepare the finan(ial slalements on thè going concem basis unless it is inapprowata to presume that the charitable company wll conlinue in ssness. The trustees are responsiblÉ for keeping proper accounting recc)rds whi¢h dis¢lose wth reasonable accuracy at any hme the finan¢ial position of the charitabla company and lo enable them lo ensur& that the financial statements ¢omply wlLh the Compani8s Act 20(X. They are also responsible for safeguarding the assats of the charitable company 8nd hence for taking reasonabl8 steps for the preventson and detection of fraud and other irregularilie$. In $0 far as the trustegs are aware.. there Is no relevant audll Infomialion of whth tho charrtable c(YnpanS audttors are un8W8re' and the trustees have taken all steps that th8y ought lo have taken to rnake thems?Ives aware of any relevant audit information and to establish Ihal the auditors are aware of that inlormation. AUDITORS The auditors, Haines Watts (Westem) LJmlt8d, I11 pro[x for re-appc¥ntme¥rt at tho forthcoming Annual Genèral Meeting. Approve(J by order of the board of tnjslees on ... and siyned on its behatf by: C E Beer. Trustee Page 18
Roport of thg Independent Audltors to the emlS of Exotor Cathedral School (Registered number.. 08331303) Oplnlon We hav8 aud(ted the financial statements of Exeter C8lh8dral School {the 'charitable company'} for tho year ended 31 August 2023 which compris8 the Statement of Finanaal Activrties, tho Statement of Financial Posiliori, the Statement of Cash Flows and notes to the ffinancial statements, including a sunmary ofsignlflcanl accounting policies. The financial rgporting framework that has baan applieLI In thelr preparation Is applic8ble law and United Klngdom Accounting Standard5 (United Kingdom Gener81ty Accepted Accounllng Practice). including FinanEial Reporting Standard 102 The Finanoal Reporting Standard ap1¢able wi Iho UK and Republlc of Ireland,. In our oplnion the financlal 8lat8m8nts'. give a Itug and fair view of the stale of the charitsble coMpanS affalrs as at 31 August 2023 and of rts Incoming r98our$ and applicati of rgsources. incIlIng tts inwme and expenditurè, for the year then 8nded', have been properly prepared in aco)rdarKe wlth Unrted KIr0M Generalty Accepted Accounting Pracllce. including Flnancial Reporting Standard 102 'Thg Finan1 Reportlny Standard applicablo In the UK and Republ1¢ of Ireland," and have been pr8pared in accordance ¥th the requiran8nts of the Companies Art 2t)06. Basls for opinlon We conducted our audit in accordance Intemational Standards on Audilirtg IUKI IISAS {UKII and applicable law. Our responsibilities undérthose standards are fUrtherdebed in the Auditors, responsibilities for the audit of the financlal statements section of our report. We are independant of the charitable company in acci)rd8nce wllh the ethical requirements that arè r8levant lo our audit of the financial stalaments in th8 UK. induding the FRC'S Ethical Standard, arKI we have fulfilled our other èthical rgsix)nsibil(ties in accordanc8 Wlth these requirements. We b&lieve that the audit ewdence we have obtsined is sufflent and appropriate lo proviole a basts for our opinion. Conclusions relatlng to going ¢on¢em In auditing the fin8nci81 statements. we have conduded that th8 trustees. use of the going concem basls of accounting in the preparation of the finanaal statements is appropriate. Based on Ihe work we have perl¢)mi&l. we have not Klentified any materf81 unc8rtaintS relating to events or conditions that: indIdUal or collectivety. may cast s¥Jnificanl doubl w Ihe charitable companys abilrfLy to continu@ as a going con for a peri(MJ of at least ts¥ee months from when the financial statements ar8 aulhorised for issue. Our responsibilities and the responsibiltbes of trustees with respect to going concern are described in th r818vant SeCtS of this report. Other InforntIOn The trustees are responsibl& for the other information. The other Infomiation o)rnprtsgs th9 infonmafjon induded in the Annual Repc*t, other than Ihe finarrial statem&nts and our Report of the Independent Audilors thereon. Our opinion on the financlal statements does not COV8r thè 0th8r information and, except to the èxtént otherwise expliciuy staled in our pOrt we do nol express any Icxm of assurance CLSnElusion Ihereon. In connection with our audit of the financial statement4 Quf re$sIbilty is lo read the olher information and. In doing so, consider whether the other inf0mlIeI Is matèrialfy inconsislent with the financial statements or (wr knowladgè oblained Sn the aLKJit or otherwise appears lo be malerfally misstated. If we Id8nlfy such rnatÈrial inconsislencios or apparent material misslalernents. w8 are required to detgm11n8 whether this give8 rise tD a material misstatement in the finanryal statements themselves. If. based on the work we have performed, w& conclude thal there is a material misststèment of this olher information. we are requirèd to report that fact. Wè hav8 nothing to report in thls reg8NI. Page 19
Rèport of the Independent Audltors to the Members of Exeter Calhedral School (Reglstered nUMr. 08331303) Oplnlons on oth&r malt•r$ prescrlbed by the Companl•s Act 2006 In our opinion, based on the work undertaken in the cwrse ol the audit.. the information given in the Report of the Tw5tees lor the financial yèar f(* which the financial statements afe Pfepared is conslslent wth the financial statements., and the Report of the Trustees has b8en Prepared ir) accordance wlth applicable legal requlremenls. Matters on vthlch wo are requlred to report by ¢xceptlon In the light the knedge and undetsianding of the tharilable company and its environment obtained In the course of the audh, we hava not identified material rnisstatements in the Report ofthè TrLJSteès. We have rwjlhing lo report in rèspect of the folbwng matters Vh[9 the C(Thpanies Act 26 rUIreS us lo report tD you if, in our opinion.. adequate accounllng records have mt teen kept or rebjms adequate for our audit have not been recelved from br8n¢h9s not visited by us- OT the financial statements are not in agreement with the accounting records and retums., or cgrtain disc105ures of trust88s' rèmuneration speufied by are not made; or we have not received a51 the information 8nd explanati¢)ns we require for our audll., or th8 Irusto&$ were not entitled lo take advanta98 of the small compani85 exempUon fr the requrement to prepar8 a Strategic Report or in preparing the Report of the Trustees. Respon8ibilitles of trustoes As explain more fully in the Statemènt of Tnjslees. ReSpor¥bIllties. the trustees (who 2re also the directors of the charitsble company for the purp058s of company law) are responsible for the preparatlon of the financial statements and for being sausfled that they gNe a true a1 fair vi8w, 8nd for suth internal control as the trustees delprmSne is necessary lo enable the preparahon of financi statements that are fret from material mlsslatemenl, whether due tLI fraud or error. In preparing Ihg financial statemenis. the trustegs rosponsible for assessing the tharftablè wmpanI5 abillty to continue as a ping con¢8m. disclosins. as applicabbe. matters related to going concem and L1r0 the going concerrb basis of accounting unless the trustees eilher intend to liqUate the charitable MpanY tsr lo cease oporali(, or have no realistic alternatlve but to do so. Page 20
Report of the Indopendent Auditors to the Members of Exeter Cath•dral School IRegl¥ter¢d number. 08331303) Our responslblltles for th• audlt of the ffinancial statoments Our objecllyes are to obtain rea50nabl8 assurance atM)Ut whether the flnanck41 slalemanls as a whole are fre8 from matèrial misstatement, whether due to fraud or error, and to issue a Report of the Independent Audttors that Indudes our opinion. Reasonable assurance 1$ a hvJh level of assurance, bul is not a guarantee that an audit Cond1d in accordance wllh ISAS IUKI 11 ayS dete(a a material misstal&menl wh8n fL exists. hAisstat8ments can arise from fratxl or error and are CQnSKler8d m8lèrial if. individually or In the aggregate, they could reasonably be expeded to influen¢% the economic d8cisions of us8rs taken on the basis of these financial stslemenls. The extent to whlch ¢JJr procedures are capabk of delecbrKJ irregularities, ldIng fraud Is dgtai19d bo10w.' Th8 extent lo which ¢)ur procedures are capable of delKtiro Irregularit8, Including fraud is detailed lOW.. We oblalned an understanding of the 1 and reguklory frameworks appllcabie to the Company and the sector In which it operates. We determin8(I thalthe following laws and regulations were mo81 signrficanl.. Th? Companies Act 2006. UK GAAP, UK corpDrale tax law. Charity Cornmission regulations, GDPR, Occupal)nal Heahh a1 Safety wulthns, Safeguarding and Independent SchooLs In5peclorate. We obtained an understanding of how the C(Mnpany are complwng with those legal and regulatory frameworks and made enquiries lo the management of known or suspected instanc&s fraud and non-complianc& with laws and regulations. We corroborated our enquiries Ihrough our review of board minute8, other relevant meetin9 minutes and revmyof correspondence with r8gulatory bodies. We assessed the susceptibility of the Companrfs financial slatements to matorfal misslal8monl, inGludiru how fraud might occur. Audil procedures perfonned by the a11 team induded.. Identrtying and assessing the L¥Jrtrols management has in place to prevent and dele fraud; Understanding how those chargal wilh governarTrce cnsidered and addressed the potential for override of conlrcAs or other inappropriate Infiuence over the financi81 reporting process., Challenging assumptM)ns and judgrnents madè by management 4n its sBJnifir3nl accounting estimales and judgments. in particular depreciation, accruals and W9paymenls; Identifying and test1r joumal enbies. in particular joumal entrTros posted with unusual account combinatiorts: and.. Assessiry the extent of compfiance wllh tha rebvant laws and regulations. There are Inherent limitaticS in the audit [CedureS described above at¥J the further removed non- compliance with laws and regulati$ are from the events and transactions rafleded in the financial slolemènts, thÉ léss likaly wa would become aware of it. Also. the risk of not detecting a material misstatement o lo fraud is higher than the risk of not detecbng resulb.ng from error, as fraud may involve delibgrat concealment by. for èxamp. fOrry or intentional misrepresentations. or through collusions. A bjrther de5CriPtion of our resFK)nsit)Ilths for th& audit of the financval statements is located on the Financh?I Reporting Council's website at .frc.Org.ukJaudltO[sreSponsib11as. Thls description forms part of our Report of the Independent Auditors. Page 21
Rèport of the Independent Audltors to the Membèrs of Exeter Cathedral S¢hool (Registered nuTTther: 083313031 Uso of our roport Th15 report is made solety to the charitable (J)mpan5 member5, as a t4)dy. In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our 8udti work has been undèrtaken so that we might slate lo the charitable companS members those matters we are required lo stsle to them In an auditors, report and for no other purpose. To the fullest extent pomltted by law, we do not accept or assume reswnsibilty lo anyonè other than the charitable company and the charitable company's mernLE as a body, for our audit work, for this report. or for the oplnions we have fomed. Benlamln (J8 Cruz Isenior Slalutory Auditor) for and on beh81f tsf Haines Watts IW8stwm) Limited Slalutory Auditors 3 Soulhernhay West Exel8r Devon EX1 IJG Dale.. 13 May 2024 Page 22
Exeter Cathedrdl School Statemont of Financlal Acti¥itles for the Year Ended 31 August 2023 2023 Total funds 2022 Total fund8 Unrestricted Restrlcte(I funds fu Notes INCOME AND ENDOWMENTS FROM Donations and legacies 13.733 13.733 8.249 charItab Èetlvitlès Gross ¢harilable adivily income 2.989,528 2.989,528 2,834,188 Other trading actNitSes Investment income 11.116 11,118 11,£70 11.029 9,821 5,867 Total 5.867 3 026.047 2.863,287 EXPENDuRE ON Raising funds Charltable actlvltlos Gross charilablo actlvity costs 3.170.958 9.483 3,180441 2,832 057 Total 3,170 959 9.483 3,180441 2 832 057 Nel gainsllbsses) on invastments 12.3B8 36,511 NET INCOMEIIEXPENDITURE) Transfèrs between funds {163.1671 205,389 113.325) (176,4921 (5,2811 23 Net movement In funds 42.222 {218,7141 (176,492} 15,2811 RECONCILIATION OF FUNDS Totat fuThJ8 brwght forward 446.769 296,809 743,578 748,859 TOTAL FUNDS CARRIED FORWARD 488,991 78.095 567,086 743,578 Page 23 The notes form part of these financial ststements
Exgtsr Cathedral School (R•ylstor•d numbar. 083313031 Statwnènt of Flnandal Posilion 31 August 2023 2023 2022 FIXED ASSETS Inlangiblo assets Tangible assets Investments 12 13 14 623,610 400 088 651,767 416 359 1,023,698 1.069,076 CURRENT ASSETS Stocks Debtors Cash al bank and in hand 15 16 12,759 589,525 131.023 12,262 546,898 380,778 733,307 939.938 CREDITORS Amounts falling due within one year 17 {1,080,021) (1,145,946) NET CURRENT ASSErs 346,7141 2,008 TOTAL ASSETS LESS CURRENT LIABILifiES 676,984 863,068 CREDrroRS Amounts falling du& after moro than one year 18 {109,898) 1119,4901 NET ASSETS 567,086 743,57e FUNDS Unrgslricled funds Reslrictecs funds 23 488,991 78.095 446,769 TOTAL FUNDS 567 086 743,578 These financlal statements have been prepared in aLYordance wllh Ihe provSsions applicable to charltabl companies subject lo thg small companies reglme. The fin nci statements were approved by the B¢)ard of TnJstee5 and aulhorised ftjr issu8 on . and were signed on its behaw by: C Beer- Trustee Page 24 The notes form part of these financial statements
Exeter Cathedrnl School statement of Cash Flow$ for tho Year Ended 31 August 2023 2023 2022 Notes Cash flow8 from opèratlng a¢tSvlUes Cash genemted from operations Financ4 costs paid 1204,447) (5,574) 3,281 Nel cash used in oper8ting adivilie5 207 1401 8.855 Cash flows from Investlng activltles Purchase of tangible fLX8d assets Purchase offixed 8SSgt investments Sal8 Of fixed asset invgstsn8nls Cash movement with investments Dividènds receive I48,4) 126.228) 32.905 (12,102) 11.266 181,0711 112,0881 11,451 {36,5111 7,388 Net cash used in investlng athvths 743181 Changè In cash and cash 1valents in the roportlng period Ca$h and ¢ash •quivalents at tho beglnnlng of tho reportlng perlod 1249,755) 183,1731 380,T78 463,951 Cash and cash equivalents al the erKI of th• r•portlng period 131023 380,778 Page 25 The notes fomi part of these financlal $lalement8
Exeter Cathedral S¢hool Not to th• Statement of Cash Flow8 for the YeaT Endod 31 August 2023 RECONCILIATION OF NEf EXPENDrruRE TO NEf CASH FLOW FROM OPERATING ACTIvlEs 2023 2022 Net expendlture lor the reportlng rtod las per the Statement of Flnancial A¢tivl¢les) Adjustments for: Depr8ci8tlon tharges Losses on investments Interest received Flnance costs Dividends reNed Amorfisation charges Increase in stocks Increa¥& In debtcKs Decreaso in creditors 1176.492) 15,2811 76,612 22,099 14C)41 2,693 111.266} 950 1497) (42,6281 75.515 65,449 36,509 {1,021} 2,954 18,8001 2.855 (7,0751 1128,3001 37,136 Net ¢ash usad In operatlons 204,447 ANALYSIS OF CHANGES IN NEf FUNDS At 1.9.22 Cash flow At 31.8.23 Net cash Cash al bank and In hand 380,778 249,755 131,023 380,778 249,755 131.023 Dobt Dgbls falling due thin 1 year Debts falling due after l year 17,107) 42.893 11,610} 2,162 18,7181 40,7311 50,CQD 5S2 49,449 Tolal 330,TTT 249,203 Page 26 The notes fom) part of these finanaal statements
Exetgr Cathra1 School Notes to the Flnancial Statements for tho Y•ar Endgd 31 August 2023 ACCOUNTING POLICIES Basls of preparfng the flnan¢lal ststwnents The financlal statements of the (*arilablo mpanY, thich 1$ a publio benefit entity under FRS 102, have been prepared in accordance with th8 Charities SORP IFRS 1021 'Accounting 8nd Reporting by Chari118s.' Statement of Recommended Practice aWicable to charities prepari1 thair accounts in accoTdan¢e wlh the Financial Repoitry Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,. Financial Reporting Stsndard 102 The Finanoal RepK)rting Standard applicable in the UK and Republic ol Ireland, and thè Companies Act 2C¥)6. The finanal stst8ments have been prepared uThder the historlcal cost conventic. with the exception of investments which are induded al market value. as modrfied by the revaluation of certain assets. The presentation currtsncy oFthe finanual statements is the Pound Sterting {£}. Going concern The financi81 statements have been prepared a going c¢&M basi$. The Tru$te8s h8ve review8d and Considered relevant inft)m8tion, including the annual budget and fvlure cash flows in making IhÉir assessment. Based on these a$s$mentS. gwen the measures that could undertaken lo millgal& the current adverse conditions, and the Current resources available, the Trustees have concluded that they can continue lo adopt the g(xng concem b8318 in weparing the annu81 r8POrt and a¢counl3. Incomlng r•sources Income is r6cognised on a receTvable basis, when the chlty h8s entiuement to th8 funds, there is certalnty of receipt and the amount Con be measur1 wlth sufficient reliability. IrOmIn resources f charitable activil. Fees received are included in the Statement of FinarKk41 Activities on a e1vable basis. Where income is received in advance of enliuement of receipt, ils reccgnition is deferred and include(l in credilots as deferred Inwne. Where entitlement (IrS before incne is reCeed, the incorne 15 accwed. Vo unta income Donations are recognised on a ye1¥ab basis where there is certainty of receipt 8nd the amount can be reliably m&asurvJ. ctivilies for eneratin Shop,1gttings and sundry evenl income is reciyJnis¢d in the peiiL¥J it 1$ receivable on the comK4olion of the service. Investment irwme Income from inveslmerrt8 is recrynised on a recvable basis. Resources expendèd Liabllibes are recognised as soon as tharè is a lègal or constructtve obligation Committing thg charfty to thè èxpenditure. All expenditure is accounted lor on an 3ru15 basis and has been classified under headings that aggregate all costs related to thè c2legory. Costs of gerating funds comprise Ihe )sts assocL4t8d attracting voluntary income and investment management faes. Charitable expenditure comprise5 those costs incurred by the ch8rtty in the delivery of ils activiti8s and services Ic•r its benefKiaries. 11 includes both costs that can alkicaled directly to such activities and those costs of an Indlrect nature nerMsary to supp)rt them. All resourc&s expended are indusive of Irrecoverable VAT. Page 27 ontinu8d...
Exeter Cathra1 School
Notss to th8 Flnancial Statements- contlnugd
for the Year Ended 31 August 2023
ACCOUNTING POLICIES • contlnued
Resources exp•nd•d
Govemance costs
Governan ¢osts include costs of the pr8paration of the stabjlory a(wunts, Tr)sls of ttuslee
meelings and the costs of any legal athice lo trustees on governance or constitutional matters.
Intanglbl• assets
Caplt81i8ed websit& dgvolopmenl costs are b8iThJ amortised eventy over the websito's expocted ustsl
lrfe of 5 years.
Tanglble fixed assots
D8pr8ciatlon is provided at the foll)wtng annual rates in order to writ8 off eath asset over its estimate
usèful Irf&.
Short a$ehd
10% str8wJht Ilne 8rwJ 4% straight line
Plant aNI machinery
Fixtures and fith'ngs
25% slrawht line
25% reducAng balance and strawJhl line over 15 yea
Motor vehlcles
Computer equipment
250A reducing balan
330A straight line
Stocks
Stodns 8r8 rècognised in the Statement of Finanual Activities in the periryj in which thoy becgmo
payabla in acc1)rdan with the rules gf the scheme.
FSxÈd Assèt Invastments
Fixed asset investments are stsled at market value.
Galns and losses between historical (x)st and market value, whether realised or unrealised, a
recognIs in the Stsloment of Finanual Activ(tie5 in the perf(1 in which they arise.
Govemrnent Grants
During the yaar th8 company received arvj rwnised the following govemmenl grants:
Page 28
¢x)tinued...
Exgter Cathgdrdl School Notes to tho Financial Statements. contlnuod for th• Year Ended 31 August 2023 ACCOUNTING POUCIES- contlnued £Nil12021 £15,253) Coronavlrus Job Retention ScaEme. Operatlng lease commltments Rentals payable under operdtiro $S are d)8rged in the Stslement of Financial Activities on a straight line basis over thg lea58 lem. Financlal instrumonts Finan81 instruments are classffied and accourd for. a(x(yding to the substance of contractual arrangement, as financial assets, financaal Irabllthes ¢x oquty instruments. An equity instrument is any contract that evKlenc8s a residud intergst in the assets of tho rMpanY afttsr deductlng Df hs DONATIONS AND LEGACIES Y8ar ended 31.8.23 Totsl ftJnd$ Year ended 31.8.22 Total fiJnd8 Unrestricted fvnds Restricted funds Donations 13,733 8,249 13.733 8,249 OTHER TRADING ACTMTIES 2023 2022 Kaiendar H81118tb'ngs 11,116 11,029 INVESTMEKf INCOME 2023 2022 Incom8 from li81ed investments Dewsil account interest 11.266 8,800 1,021 11,670 9,821 Pag8 29 ntinuèd...
Exet•r Cathedral School Notes to the Flnanclal Statements - continued for the Y&ar Endgd 31 August 2023 INCOIAE FROM CHARITA8LE ACTMTIES Year end8d 31.8.23 Total funds Year ended 31.8.22 Total funds Unrestricted Restricted funds funds Gross fees Discounts 8un8aries Boarding Br88kf8St dub After schwl cara Rogislralion fees Income from extra actNtties 3.283.093 {310.071 > 1143.623} 126.368 3.397 24.414 3.075 2,875 3,283,093 {310,071} {143,6231 126.368 3,397 24,414 3.075 2,875 3,080,860 1245,2471 1111,1951 73,752 3,945 27,931 3,450 691 2.989.528 2,989.528 2,834,187 RAISING FUNDS Othar tradlng actI¥les 2023 2022 Opening stock Purcha58S Cknsing stock 12,262 497 {12,7591 5,186 7,076 {12,2621 CHARITABLE ACTNMES COSTS Year ended 31.8.23 Total fijnds Year ended 31.8.22 Tot81 funds Unrestricted funds Restricted fun(ts EducatK)nal BoardSng After school care Domestic and catering Maintenance One off proje& Lyjsts AdminiStratrt Govemance costs Finance Costs 2.187.954 2.187.954 2,105.764 16.661 634,921 48,039 37.258 224,979 15.634 5,512 16,661 634,921 56,078 37,258 224,979 15,634 6.956 477,635 41,098 8.039 151,414 14,37Q 2.811 1.613 3.170.958 9.483 3,180,441 2,832,057 Page 30 cKJntinued...
Exètgr Cathodral School Notgs to thé Flnanclal SLitem•nts - continuod forthe Year Ended 31 August 2023 NET INCOMEIIEXPENDMJRE) Nel incomellexpenditur&) is stated after chargin(Gr1tingl'. 2023 2022 Depreryation - owned assets Computer softw8re amortisalM)n Auditors remun8ration Audltors remuneratlon- non-audit services 76,612 950 6,158 9,476 65,449 2,855 5,755 8.161 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, refflungration or other benèffts for the year ended 31 August 2023 n¢X for the yeor ended 31 August 2022. Trustees. •xpensoS J M Sugden was pa £Nil {2022 - £2921 for reimlyJrsemeTrt of travel and other expenses cl) bghalf of th8 company. M S Totlerdell was paid £246 (2022 - £Nil) for reimbursement of travel and other expenses on beha of the company. 10. STAFF COSTS 2023 2022 Wages and s81aries Social sewrity costs Other pension c081s 1.629.605 161,619 1,566,293 155,198 201,009 1922 500 The average monthly number of empty8s during the year was as follows.. 2023 55 2022 62 All departments The number of employees vthose ompbye& beneffts {exduding emptyer pension costs) exceeded £60,000 was: 2023 2022 £60,001- £70.000 £80,001 - £90.000 Page 31 continued...
Exeter Cathedral Sch¢x*l Notes to the Flnanclal Statements- contlnu•d for the Year Ended 31 August 2023 10. STAFF COSTS- c¢)ntlnued Total employee benefits received by key Mnageml personnel. exc5uding Ih05e disclosed under high8r paid 8mployees} during the year was £164.63412022.. £83,gY)01 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 2022 Unrestricted funds 2022 Reslrfed fund 2022 Totsl funds INCOME AND ENDOWME18 FROM Donations arKI legatt8 5.749 2,50D 8.249 Charitable activities Gross chartt8blè activity InMe Other tradi activities Investment inwme 2,834,188 11,029 4.838 2,834,188 11,029 9,821 Total 2.855,804 7.483 2 863 287 EXPENDrruRE ON FL2ising funds Charitable actfvltlgs Gross charitable acliv7ty costs 2 818.565 13,492 2 832 057 T¢to1 2.818.565 13,492 2,832.057 Nel galnslllosses) on investrnents 10.471 26,040 36,511 NET INCOMEI{EXPENDrruREI 26,768 132,0491 5.2811 RECONCIUATION OF FUNDS Total funds brought fowrd 420,001 328,858 748.859 TOTAL FUNDS CARRIED FORWARD 446,769 296,809 743.578 Pa 32 conllnued...
Exeter Cathedral School Notes to th8 Financlal Ststements- contlnued for the Yoar End 31 August 2023 12. INTANGIBLE FIXED ASS8 Computsr software COST At 1 September 2022 and 31 August 2023 14.274 AMORTISATION At 1 SeptemL*r 2022 Charge lor year 13,324 950 At 31 August 2023 BOOK VALUE Al 31 Augusl 2023 Al 31 August 2Q22 950 13. TANGIBLE FIXED ASSErs Fixtures and ffttings Short leasehoh Plant and machinery COST At 1 Septembw 2022 Addllions 742,320 48.271 17,904 218,096 14,442 Al 31 August 2D23 66, 175 232 538 DEPRECIATION At 1 September 2022 Charge for y8ar 228.616 32.799 33.136 8.758 140,246 13,891 At 31 August 2023 261.415 41,894 154,137 NEf BOOK VALUE Al 31 August 2023 48D,SYJ5 78,401 Al 31 August 2022 513.704 15,135 77,850 Page 33 nllnued..-
Exetèr CathrnI School Notes to the Flnancial Statwrénts- eonllnued for the Year Ended 31 August 2023 13. TANGIBLE FIXED ASSEfs - COlnUed Motor vehlcles Comtirter equipment Totsls COST At 1 September 2022 Additions 28.183 122.742 16,109 1.159,612 48.455 Al 31 August 2023 28,183 138.851 1,208,067 DEPRECIATION Al 1 September 2022 Charye fly y8ar 17.706 2.654 88,141 18,510 507,845 At 31 August 2023 20.360 106,651 584,457 NET BOOKVALUE At 31 August 2023 7.823 32,200 623,610 At 31 August 2022 10.477 34,601 651 767 14. FIXED ASSEf INVESTMENTS Lislad Investments MARKET VALUE At 1 September 2022 Additv)ns Diswsals Revaluations 416,359 26.228 132,9051 9,5941 Al 31 August 2023 400,088 NET BOOKVALUE At 31 August 2023 400,088 At 31 August 2022 416 359 There were no fixed asset Investrients oulsKle the UK. Cosl or vaualion al 31 August 2023 is rnpresented ty. Listèd Investments Valuation in 2023 Cost 19.593) 409.681 4,088 Page 34 continued...
Exelor Cathedral School Notes to the Financial Statements- ¢ontlnu8d for the Year Ended 31 August 2023 14. FIXED ASSEf INVESTMEKfs- contlnu The revaluatlon disclosed in the notes of these fin8ncial Statements does [1 agree tc• the reaiised galn on fixed asset investments shown on the face of the SOFA because of Ihe nature ofthe Items that form the overall change in value. A rndlOn of these figures is 8$ folk)ws'. Realised gainslllosses} on fixed asset inves1ments per SOFA Capital Introduced Income ftom listad investmenls Investment management fees Cash Btssl Df additlons Cash proceeds of disposa15 {ProfilOSS on disposal Change in investment valu& arising from cash drawlrwJs 122.0991 11.265 12,6931 126,2261 32.904 Actual thang• in value af fixed ass8t inv¢strnents 15. STOCKS 2023 2022 stocks 12,7Sg 12.262 16. DEBTORS.. AMOUNTS FALUNG DUE wrrHIN ONEYEAR 2D23 2022 Trade debtors Other dèbtors Prepayments 519,063 1.065 69,397 478,737 8,169 59,992 589,525 546.898 17. CREDrroRS: AMOUNTS FALLING DUE THIN ONE YEAR 2023 2022 Bank loans and overdrafts {see note 20) Tr8d6 cr8ditors Social security and other tsxes Other creditors Deferred irKome Accru expenses 8,718 70,664 38,222 39.411 882,460 40,546 7,108 68.356 39,027 30,443 973,365 1080.021 1,145,946 Deferred income ielal8s to fees and donations recwved before the service Is perfomed or oxpendilure Incurred. Arnounis wthin one year £882.460 (2022 - £973,365) and amounts over one year £11,217 12022 - £11,217). Page 35 continued...
Exeter Cathedral School Notès to the Financial Statemants- contlnued for the Year Endod 31 August 2023 18. CREDITORS: AMOUNTS FALLING DUE ER MORE THAN ONE YEAR 2023 2022 Bank h)ans Isee note 20) Other cYeditor8 Def6rrod income 40,731 57.950 11.217 42,893 65,38L) 11,217 109,898 19. LOANS An analysis of the maturity of k)an8 Ls gNen tlow.' 2023 2022 Amounts faltlng due within one year on demand: Bank knans 8.718 7,108 Amounts falling between one 8nd Ivn years.. Bank loans- 1-2 years 9,741 9.687 Amounts lalliTrJ due between two 8fKI fve years: Bank loans- 2-5 years 30.99) 33,206 20. LEASING AGREEMENTS Minlmum lease payments uThler nOrancelIable operating leases fall due as follows: 2023 2022 Within one year BetwÈen on8 and five years In more than fve years 6,322 228,100 627.7QO 70,347 236,941 684,725 92CI,647 992.013 Prop8rty commitments amounts to £912.825 (2022.. 9,850) of the above lolal. 21. SECURED DEBTS The f0lbwl Secu debts are included withn credttoTr'. 2023 2022 Bank loans 49,449 50,001 The bank loan is secure(J by a tharge over the investraents ofthe Lanty. Pa 36 Gonlinued...
Exeter Cath•dral School Notes to the financial Statements- c¢Jntinugd for the Year End 31 August 2023 22. ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS 2023 Total funds 2022 ToLg1 funds Unrèstricted Restrtcted funds fund Fixed assets Investments Current assots Current liabilities Long term liabilities 588.685 4W.088 6,137 11,080.021) 109.898 34,925 623,610 652,717 400,088 416.359 733,307 939.938 11.080,021) 11,145,946 109.8981 119,4901 43,170 488.991 78,095 567,086 743.578 23. MOVEMENT IN FUNDS Net movement Transfers b8tween funds in funds At 1.9.22 At 31.8.23 Unr•strl¢t•d funds General'fund 446,769 {163,16n 205,389 488.991 Reslrlcted funds Restricted other income ,809 (13,325) {205,3891 78,095 TOTAL FUNDS 743.578 176,4921 Net rrthwnenl in fund$ induded in the above are a5 follows: Incomlng Resources Gains and k)sses Movements in funds Unrestrictod funds General fund 3.020,180 13.170,9581 (12,388) {163,1671 Restricted fvnd$ Ka5endar H1 donations fvnd Hall House aygrOund fund Thomas Franks Kttchen fund S.F.IA Edu¢8Uonal Trust fund {1,826) 11,8261 13,075} 13,C)75) {3.138) {3.1381 5.867 1,444) 9,709 5,286 5.867 9,483 9.709 TOTAL FUNDS 176492 Page 37 continued...
ExeteT Cathgdrnl Sth¢ol Notas to the finon¢lal Statèmonts- contSnued forthe Ygar Endod 31 August 2023 23. MOVEMENT IN FUNDS Comparatlve: Net movement Transfers between funds Al 1.9.21 In fvnds At 31.8.22 Unrestrlctad funds General fund 420.001 26.768 446,769 Rgstricted funds Restricted other income 328,858 (32.0491 269,809 TOTAL FUNDS 748.859 281} 743 578 Net movement in fUS incILKI in fv above are as folthv8: Incoming rèsourcAs Resour expended Gains and losses Movements in funds Unrestrlctod funds General fund 2,855.804 12.818.565) (10,4711 26,768 R•stTlcted funds Kalendar Hall donations nd Hall House pl8ygrourKI fund Thomas Franks Kitthen fund Hockey VIpment fund S.F.IA Educational Tru6 fund 12,434) {2.4341 (3.075) 13,075) {3.8701 {2,500} (3,8701 1,613) 26 0391 24.0191 7,483 13.492 26.039 TOTAL FUNDS Pa9e 38 continu8d...
Exoter Cathedral School Not05 to tho Financlal Stat•ments- contlnu•d for th• Year Ended 31 August 2023 23. MOVEMENT IN FUNDS- continu9d Reslricled funds., The Kalendar Hall donations fund accounts for received for the improvement of Kalendar Hail. The Hall House playground dati(Th fund aw)unls for mon8y 1Ved by the school frrjm Exeter Cathedral School Armstrong Trust forthe inst8llation of a new playgr¢xJnd al Hall House. The Thomas Franks Kitchen tsjnd a¢>))unts for tiems donated by the &iterers for use wh1n caterfng. The Hockey fund represents a one off donation lor the purposes of purcha8lng hockpy equipment for the sBhwl. The S.F.l.A Educational Trust fund accounts for rreY recerved in aévance lo pay for bursarios and luitlon. At year ènd the was consKlered to have fuMlkd its purKy)se. wth reslricted funds having 811 been utili5ed. so the surplus Wds Irdnsferred to thg gerErdl fund. RELATED PARry DISCLOSURES Ther& Y48TO no rèlated paty transa¢tlons for the yoar ended 31 August 2023. 25. MEMBERS. LIABILITY The chwity is a prfvate company Mmited by guarantee and c(wueAty does not have share capll?l. Each ol th8 members is liablè to fA)ntritKrte an ainounl not exeding £1 towards the asséts of the ¢harity in thè 8vent of liquidati. Page 39