2021-12-31-accounts

ONESCHOOL GLOBAL UK (A COMPANY LIMITED BY CUARANTEE NOT HAVING .%'HARE CAPIT AL) REPOR'f AND FINANCIAL STATEMENTS For the year ended 31 Decembei. 2021 RegisteTed Company Number.. 10763413 Registered Chai'ity Number: 1181301

ONESCHOOL GLOBAL UK C()NTENTS Page Legal administrative information of Charity. its Trustees and advisors Trustees, Report 4-12 Independent Auditor's report on the financial slalements 13-15 Statement of Financial Activities 16 Balance Sheet 17 Statement of cash flows 18 Notes lo the financial slalements 19-31

ONESCHOOL GLOBAL UK LEGAI, AND ADMtNISTRAI"IVE INFORMATION CoJi)p2ny Registered Nuinber Charity Regi5teied Nuinber S¢ottisli Registered Charity Number 10763413 SC049398 TRUSTEES I'he I'rustees a5 at the date that this report was approved comprised.. John Rich (resigned 9, June 2022) Adrian fowler (iesigned 9, June 2022) Adrian Diffey Christopher Beattse James Fliitchins Jerry I)ouglas (resigned 9 June 2022) Michael Shiinwell Tiinothy Browning (resigned 9 June 2022) Warren Burgess Tej'ry Mitehell (appointed 9, Junc 2022) Darren Meek (appointed 9 June 2022) PRINCIPAL OFFICE Exchange Place Poseidon Way Warwick CV34 6BY BANKERS HSBC UK Bank PIC I Ccntenary Square Bii'iningham BI IHQ INDEPENDENT AUDITOR Crowe U.K. l.LP Chartered Accountants 4t1) Floor. St Jaines 14ouse St Jaines Square Cheltenhain GL50 3PR

ONESCHOOL GLOBAL UK TRUSTEES, RF.PORT foR TEIE YEAR ENDED 31 DECEMBER 2021 The Trustees of the charity present their report and financial statements for the period ended 31 Deceinber 2021. The Report and Financial Statcjnents have been prepdred in accoi'dance with the accounting policies sct out in the notes to the accounts and coinply with the ieqiiiremeiits ofthe charity's kjoverning document, the Charitic8 A¢t 201 I, Companses Act 2006 aiid the reqiiireillent of th¢ Sta(eJnent of RecDmJhended Practice applicable io charitlcs preparing their accoiints in accordance with the financial Reporting Standard applicable in the UK and Rcpublic of Ireland. Strueturt, Covernante and ManageHieTht Status Oneschool Cjlobal UIC is a coinpany liinited by guaianlee (Cojbpany Nuinber 107634131 ainounting to £1 foi. each Ineinbei.. It 18 govcrned by Memorandum and ATti¢les inLorporated 10 May 2017 as atnended on 24 Januaiy 2019. The colmpany is registcrcd as a charity with the Chai'ity Cominission under regisiration number 1181301 amd in Scotland under registration number SC049398. OrganisAtlonal Structure The Ti'ust is a part of an intei'iiational education inittative linked witli the worldwide Christian fellowship known as the Plyinoiiih Brcthren Christian Church, and is 5pecifJcally responsible for pi'oviding educational. opeiational and financial support to 24 whools in the UIC. Overall directioii and contiDI ol-the Trust is exerL'iScd by the Board of .1 TUSt¢es. The Trustees work in close eo-operation with the othel. entilies P<trtiCiPdting in the international initiative working on the strategy and staiidai'ds for education provided by Inetnbers of the initiative worldwide. We are made up of 3,256 swdciits. Within these we have.. 979 pupils at Key Stages I to 2. 1,536 pupils at Key Stages J to 4. 741 at Key Stage 5. The 5¢hools supptsiied by ihe Trust whilst part of the one entity hold direct engageinenr foT the education in their.8chools. ¢o-operating extrcmely wcll with cach other and the Board of Ti'ust¢e5 to operate as one education sysiem of schools. A considei'able number of ¢xperienced voliinleers wor'k along with their colleagues in other parts of the world, on sp￿la1 subjects such as tlic curriculiim and teaching and leai'ning Jnethodology. The Trust also provide5 a regional support office in Wai'wick where it cinploys a teain of pi.ofessiona15, Specialists and iidinlliistiation slatTto carry out a wide variety of duties to enhance the provision of cducation in the schools. The Trust is also responsible for providing a ccntral passenger transport service for getting children to and from school. Tlie Trust has a separate siibsidiary company. which was traiisferred under its conirol on l Januaiy 2020, known as Onebus Liinited. The service is operated froin an office in Grijnsby ￿Illd in the pei'iod under review a full serviee of 302 minibuses was iinplemcnted. The Trust also set up a wholly owned subsidiary in June 2020, Oneschool Global CAP Ltd to hold and adininisrer flind5 behalf of the Caretis Advancement Progiam run by the'l'rllst. Trustees, their Induetion and training New appointmenis al'e made when necessary by the existing Trustces in a¢coidance with the TtUSt Meinoraiiduin and Articles. Ti'iistees are drawn from the Brethren community and the I riistees ¢ndeavouJ' lo r￿rUIt new Trustees who hav¢ the skills and experience tlicy feel would be bcneficial to the Tiiist and in particular aun to IELruit new Trustees who hiivc experience in the educational fIeld. They are inducted into the iEquirements and operation of tlie Ti"ust by fellow Trustees and through appropriate external training coui'ses. Key manaienient personnel remuneration The frustees seek to ensure that ovcrall salary and rcinuneTation packages retain a balance of coinpetitiveftess aiid alli'activeness whilst ensuring thiit the Tequired prOf&￿S1onaI.Sk1Ils ale brought M'ithin the Trust to support it5 activities. As such staff posts ait beiichmaiked agai￿St like p)sts in similar OTganisations against a range of salary and reinuneriltion packages and I'tflected in the reinuneration provided overall.

ONESCHOOL GLOBAL UK TRUSTEES. REP()RI' Structure. Governance and M4nagemenl Icontinuedl Equal opportunlties poliey The Trustees recognise (hat equal opportunities Inust be an integral part of good practice within tlie woi'kplace. The Trust has established equal opporlunity in all ai'eas of its dLtivities. including creating? a woi'king environjnent in which the contribution 8nd needs ol'all people are fijlly Vdlued. Developinent woi'ks lo Trust biiildiiigs to iinprove staff aiid student accessibiliLy are taTI'ied out where identified such as lifts. rainps, toilets and dooj. access to ejiable wheelchair access to all niain areas ol'the buildings where possible. The policy of the Trust is to suppoit the eiiiploymejit of disabled peTsons both in rccrnitmeiil and by reiention of einployees wlio beLoine disabled whilst in its eimployinent as well a5 generally through training and careei. developinent. Engggement with employees The Trust conducts regular staff engjagement surveys. Soine key theines were identifJ¢d, and work continues aiDund key ai'eas of iiijproveinent going foj'wai'd. The TI￿st also enLourages staff contribution atid ¢lose collabojation at ball levels to share knowledge and best pi'actice. Fui'ihermore, the Ti'ust provides internal and external professional development support. Good pi'ogress ha5 been made in Ihig area in relation to teauhing staff developinent, training aIid succession plaDniiig. Support staff ti'uiniiig ai)d development will be an area of focus in 2022. In teiThs of i'ecrvitment, all new staff al'e inducted, and teacheis lake pail in training before the start and dui'ing the school y¢ar. Premi5e5 ThiDughout the year the TTUSt operated from the headouartets in Waiwiek. originally acquii'ed by l.'ociis Learning Trust in 2013 and the additional space has facilitated its functions being cari'ied out more effectively, especially in the PTovision of training and developinent days. A part of thE pi'einises is occupied by UB'f (Eu} Ltd. Objects The ¢hai'itable objects of the Trust are the advancement of the education ofchildren and young people. The objects also include any other charitable purpose for the benefit of the woi'ldwide Christian fellowship known as the Plyinouth Brethren Christian Church. Aims The Trust's priniary aim is to ensure that an excellent education 15 provided for boys and girls in the schools that it 5UPPOrtS dnd ovei'sees. Each school opeJ3tes undei" a Lvminott Ethos.. Sludents ar¢ encouraged to develop their fiill potential and acquire the discipline of leai'ning how to l¢aiM, while upholdiiig Cliri%tian teachings aiid beliefs.'I'he tr￿th and autlioj'ity of the Holy Bible and strong fainily value5 und¢i"pin the coinmitment of the 8chool to pix)vide quality in every facet of education- curriclllujn, teachei'5, facilities, Inanagement and dis¢ipline- in a safc and caring enviroiiinent. The scliools al'e cominitted to providing an education COllSj5tent with Chrislian principles, expecting tlie conduct of pupi15 and Staff consislently to Irflect Biblical values and the specific values of the school, which include.. Intsgrity- uprightnes5, honesty and decorous Loiidutt, governed by the Holy Bible. Care & Compassion- kindness. consideration and genei'osity to all. Respect- for all people, property, opinions and authority. Responsibility- for our actions, progJe55 and environment., Cominitment- to 5elf-di5¢ipline and the puiEuit of exLellence. Pupils who attend ihe 5¢hools ale expected io act in accordance with the doctrines and practices of the Bi'ethren, biit theiE is no othei. academic or finai)¢ial selection process for admission to the schools and the schools accept pupils iEgai.dle55 of their ability or the finan¢ial ineans of theii. parents. The curriculum taught at the schoo15 is designed to provide opportunities for pupils of varied abilitie5 and int¢re5ts. The subjects offered air in line with relevant national standardb and cover key learning areas. There is ali incirasing focu5 on encouraging and developing seif-dii'ected leaining pi'inciples with sludents. 'I'he aiin is to provide a broad and balanced CUITiculuin whi¢h promotes personal developjhenl and prepares students for in¢trasing independence and responsibility.

ONESCHOOL GLOBAL UK 'I'RUSTEES' REPORT Objectives and Aetivities Objectives In setting the objectives, and plaiining the activities, the Ti'ustees have cot)sidcred the Charity Commis5ion'5 gellei71 guidanLe on public benefit and its suppleinentary public benefit guidance on advallcing ediication. Public bcTJefit is at th¢ heail of our piirpose as an ui'gaiiisalion in litte with how planned acuvities will Contribute to the educational aims End obje¢tives &et by the TTUSt. Strategic Report Significant ActRVltie5 'hi'ough its Global activities the I rust Loordinates the sharing of best practise digitally to ensure aligninent with the Global vision of 'A global educatlOD ecosystem that dtvelop5 life ready siudenis who Icarn how to learn,. This work is cooiyiinated by d Global Director of Education and ensures our schools Ineet ISSR standards, offer excellent p1.ov￿S7oll 2nd enable our leaners to be work and life ready on graduation from the school. Within its developing suppoii foi. School activities the Ti'ust coiitinues to raise the qlldlity of teaching and learning through further proinotion of our Self-DEJEcted Learning pedagogy. This work is Itriven by a newly ClEated teain of District l?i'incipals who line Inanage Cainpu5 Principals ajid provide support in ensuring oui¢oille5 air excellent. It 18 evident that the online school expei'ience triggered by Lockdowii has enabled the school to become increasingly agile in shifting fiDin face to face to online provision. This lias Inijiiinised disruption to leaiMiiig for our studeiiis considerably tliis ycar. -Fo further mitigate risk all students froin Year 3 upwards now have dLcess to a laptop if required. The I'elative ease of these changes re5lLIts frojn ouj. extensive use of techRology over piEvious yeais, and investment in training of our Staff, parents and students. Continuing to increase Pi'ofessional Development for teachers through running virtual courses online through our 'lea¢her ALadeiiiy in Wan¥ick, these coui'ses have i'eceived CPD Cenification. Einbedding the Careers Advancement PTogn7m within the campiises to ensure swdcnts leave school life and are work ready. Iinplementation of Golden YcaT8 project to ensiire siipport for SF.ND students graduating froin the school as they enter einploymeni and Post Ciraduate learning. Adding to our key tcain of highly qualified school developilleiit practitioners- District Principals and Associate Principal Secondary to work with the Lainpus l)rincipals of each cajnpus. Re-striicturing our national suppoil &iid adininislTation teains to provide Inore efficient support to each Cainpus. lthis now includes specialE5t adininistrative support tu piDinote safeguaiding and secure safer recruitment. Developinent of OSGAware prograinine to deliver statutory iequirements for RSE hclping to ensure student safety dnd wellbein&7 aiid seciire Irgulatory complianLe. EnhanCe￿llent uf exts'a curriculum with introductinn of public speaking COTllpetitiolls, national debating challenges and Choir festivals which reinforce our coinmitment securing a breadth of curriculum provision. Fine tuning of the OSG Enrichment progTainine which enable our Post 16 students to demonstsxte PErsonal capacity to tiine in8nage and self direct Icarning. Stratcgles for Achieving objectives The Ti'ustees sei an annual Strategy for achieving the objcctive5 that they have set a5 mentsoned above. This period that has included.. Rigoroiis focus on raising attainment and imeasuying progiess through MAP (esting, and analysis of Pupil Progress at Tru5t-wide gnd Cainpus level. I'his then cnables us to shaTe best pi'actice nationally and for the Principal teain to work in clo%e paiknership with cainpuses that need sUPPOit oi. intervention. Focus on continiially impi'oving inspection outcojnes through improving teaching, le￿￿111g and student outcomes; acadeinic aiid pcr%onal developnient. linplementlng the Learning to Leaitt Fi'ainework,. using the Assignment-Le550n-Study model to more deeply embed EDUtines for self-directed leai'ning. Including parent and staff WOTkshops at each campus a5 we cnhance OUT pedagogy witl? the introduction ot'a tutorial Inodel. Enibedding of learning technologies- Canvas, Zooin and Dyknow- as OUT core technology lor tlie virth81 classrootn, across Secondary subjects at KS3, KS4 and Post-16.

ONESCHOOL GLOBAL UK TRUSTEES, REPORT Objeetlves And Activities (eontinued) Achievements And Performanee Einbed a full National Timetable for all studenrs (year 3-13), to drive the use of Viriual Classrooins which has broad¢ned th¢ cuii'iculuin and allowed the strongest local practitioners to deliver the curi'iculuin on a national scale duTing COVIt)-19 School closiires. Review of Achievements Key Stage 2- Pi'imary years.. Due to the dbsence of National Standardised Tests {SATs). OSGUK carried our Rising stars Siandardised Test5 in Reading {PiRAI, Mathematics (PUMA) and GAPS {Giammai', Punctiiation and Spelling). Results are compared to a National Database lield by Hodder Education who manage the Rising Stars Tests. PIRA (Progi'essiDn in Reading Attaininent) Coinprehension: 50/0 below the National Average which is 540/D Inference.. 2 /• below the National Average which is 49 % Structure and Presentation.. 40/0 above the National Average which is 58/ PUMA (Progression iii Understanding Matlis Assessment) FTactions'. 80/0 above the Ndtional Aveiage which is 55Y.. Geoinetry.. 40/0 abov¢ the Naiional Aveixge which is 540/0 Measures.. 12D/ above the National Average which is 3 Iyo Numbei.: 3 % above the National Average which is 75 /. Opei'atEons.. 4% £ibove the National Average which is 59 /0 Statistics.. 30/0 below the National Avei'age whi¢h is 46% GAPS Grdminar.. l /n above the National Average which is 60°/0 Punctuation.. directly on th¢ National Avcrdgc which is 67 % Spelling-. 2 /t abovE the Natioiial Ave17Be which is 61 % Vocabulaiy: 3010 above the National Average which is 600/9 Key Stage 4 - GCSE Outcoines.. Exceptional outcoines at KS4. GCSC glades continiie to iinpiDve at OSG with 90/0 of stsjdents achieving 5 GCSES at level 4 and above includii)g English and Maihs. This is in compk)rison to Naiional figures of 76.90/D. Higher gl'ades also continue to rise with 48.78¢10 of all grades achieved being at grade 7 or abovc. Again this is very favoui'able in coinpai'ison to UK averagcs of 28.50/0. Progress is excellent with d P score of 1.08 which Ineans s￿dentS typically achieve a grade hlgher than students with siinilai. 5tartinb points in dilTerent scliools. The average attaininent gradc is 6.1 above the UK average of 5.2. A-Level and Eqiiivalent Outcoines.. 74.65¢/o of sludents in the 6th form achieved a Grade A to B at A-Level and 91.89D/o of students achieved a grade A to C. The average student grade was d grade B+ whÉ¢h shows an improvement from 2020. Of students who sat Vocational Qualifications, the avei'age glade wa5 a Distinction (Cirade El+ equivalent). Pastoral Care Tlie Trust is very coinmilted io safeguarding and proinotiiig tlie welfai'e of pupils in the schools and expects all staff and volunteers to share that commitinent. We have helped schools to ensure that the requiretncnts of relevant legislation are Inet aiid that adequate ai'rangeinenis are working it) ev¢ry school. Where apprvpriale, the-frust obtains oiitside ageney support for individual pupils including educational psychology, Speech therapy or any othei. intervention as deemed supportive of individual need.

ONESCHOOL GLOBAL UK TRUSTEIS, REPORT Future Plans We intend to continue to pi'ovide a quality and deliver a consistent and high level of educational experience and outcome for all students and staff, in accordanee with the Trusvs eihos and values. Over the iiext year, we will utilise our i"eservcs as appi'opriate to invest in school improveineiit and Inanage our ri5k5 e.g. higher energy COS15. We fully expect our rc%erves to rediice ovcr the coining year as we plaii to makc targeted investinent in areas of focus SllLh 95 atteiidance, behaviour, SEND, incliision, literacy. eun'iciiliiin developjncnt, great p¢ople and fit for purpose technology and faciliiies. OUJ. reserves policy has Teeently bcen aiiiendcd to allow targeted investtncJit% in Inaking a diffeiEt]ce to those schools and into Trust-wide initiatives that will make thc biggest difference. We al'e stalling to I'ealise tlie benefits of our Central investment in teaching and leai'ning and expcct to increase investtnent in this area oveT the coming years. While these iitiatives are decided centrdlIy they c1re made with a children first inindsct and the results will be seeii both in dnd outside the classrooin. Last but not leasr, oui. people rcally are our greatest asset- oiii. people and oiii. values art what makes the Trust a special organisation to be pait of. We wi.sh to attract, recruit and I'elain the best staff and we will be investijig in staff wellbeing, training and development over the coming years. Going Coneern At the tiine of approving the ftnancial statemenls, the Tiustees have a reasonable expeciation that the Trust has adequate resoiiices to continue in opeTational exislence for the foTe5eeable fuwre. Thus, Ihe Trustees continue tts adopt the going coiiccrn basis of accounting in prepai'ing the financial statements. Following th¢ uncertainty presented by Lovid-19, man8geinent has I'eassessed the going concern assumptiQTJ and confirms that it re2nains appropriate based on the slrong cash and net asset posilion which enables it to meet its liabilities as they fall due. The Trustees make this asses5Tnent in respect of a period of at least one year froin the date of authorisation foi. i8sue of the financial statem¢nt.8 and have concluded that the Ti'u5t has adequate resources to continue in operational exEstence for the foreseeable fvture and there are no Jnaterial uncertainties about ihe Trust's ability to continue as a going conccm, providing the extemal funding is received in line with expectations. Risk Management A review of the Ti'ust's risk inanageinent processes is undertaken and I'isk is Ihanagcd und¢r the headings of financial sustainabilEty, school safety. studenl welfure, employment, school trips and events and cominunity access. The Tru5tee5 are responsible fDr the overseeing of the risks fdced by the Trust. Detailed consid¢rations of risk are delegat¢d to the Board aiid the Risk and Audit Commiitee. Risks identified. assessed and Controls establi51)ed throiighout the year. The Inain risks that the Trustees have identified and the plans to ihanage thosc risks are.. Reputation. The Trn5t's success is built on its Teputalion for the education and well-being of our students. We manage this I'isk through safeguardiiig palicies. sliiff recruitment policieb, pastoi%l suppoit for boch siudent5 and staff and activc idcntification and resolution of health and safety related issues. Money. The majority Df the chayity's income is irceived from donations. Should there be significant reductions in this incoine. the Trustees would raise funds fioIn oiher 50uires aiid in the Linlikely event that ihey were insufficient, the-l rusttes Consider they have the abilily to cut expenditure in line with the reduced incomc. Curriciilum. Acddeinic excellence requires (he most able teachers with state of the ait facilities delivering the ClI￿lCUl￿￿i) to able studenis. We Inanage this by coinbining ath?ctive salaries with on-going investtnent in our professional developinent 5uppoI1, our estate and IT infrastructui'e and an approach that rccognises student achieveinent and aptitude. Coinpliance. The Trust fully recognises irs I"egulatory and statuioiy irsponsibilities and continues to invest in ils delivery against ihe hi&ihest standards. This is 8¢hicved by cxtcmal and iiitei'nal investment in professional advice, training and supwrt and the use of reporting and review policies and procedures.

ONESCHOOL GLOBAL UK TRUS'fEES' REPOR'r Risk Maiiagement (continued) Through the risk Inanagemeiit processes the Ti'ustees are satisfied that the Inajoi. I'isks identified have been adequately mitigated where necessary. It is recogiiised that systeins cali oiily provide re￿Onable but not absolute assurance tliat major risks liave been adequalely Inanaged. Fundraising The Inain sources of fundraising incoine wei'e grants fix)In the Gl'ace Trust and NAF dnd donations froin bLtsinesses and individuals. Successful fuiidraising is Lritical to the susiained findncial health of the TLllSt. The Ti-ust is grdteful foi. the suppoil shown to its work by all those who funded it during 2021. Our thdnks to the Gi3ce Trust and NAF. whose funding has been Critical to us. We are also exlTYmtly gidtefiil to dll of those Ihat have SUPPDrted the Trust during 2021. As part of tlie Ti'ust's coininilment to the highest possible standards of fundi'aising, we took steps to ensui'e that all our activiti¢s wei'e uompliant with legislative, regulatory and best prdLtice staiid£lrds. Dui'ing 2021, all oui. intei'dLtii)ns with the general public were carried out by our employees and volunteers. The OSGUK fundraising teams organise fundi'aising events and co-oi'dinate (he activities of our supportei's both in the schools and in the wider coininttnity oil behalf of OSGUK and wider charities. OSGUK does not use pi"ofessional fundraisers or involve coininei'cial paiticipators. OS(iUK seeks to comply with all the i'elev¢int standai'ds set out by the Fundraising Regulatoi. in their Code of Fundrdising Pra¢ii¢e. As a policy we seek to responded to all cojnplaints within 10 days. Most serious coinplaints are escalated to Trustees so they can consider lessons leamt. Thei'e have been no coinplaints about fundraising activity tliis year. Over the period, we also continued to undertake significant efforts to ensure compliance with the new General Data Pi"otection Regulation {GDPR), whiLh Ciiine into effect iii May 2018. We i'einain entirely Lojninitted to pi'otecting personal infoiination of our supporters and beIiefiLiaries. Thas work ivill continue durin¥ 2022 and beyond. Financial Revieiv Results and state of arrairs Incoine, including restricted funds, was £40,789,945 (2020 £45,725,334). The Inajoriry of the income received was from The Grace Trust to support the educaiional Aijns of the charity. Income received in the year was Uiilised to support staff salaries and professional development. studeiit curriLuluin and student Ii'ansport costs; norinal school property rental and upkeep costs: edueational visits or dttendance at confei'ences., general governance and school adJninTrs(i'ative support costs. The cost of delivering services within schools diii'ing the year was £39.659,497 (2020.. £40,194,634). At 3 1 December 2021 total ￿ndS were £13,030,665 (2020 £11,900,217). The Statement of Financial Activities is set out on page 12. Thc charity recorded a sutplus for the year frum unres(ric(ed opei'ations of £1,070,269 {2020 £5,530,706) and at 31 December 2021 had net current assets of £6,500.503 (2020 £5.506,465). For the reasons set out on pages 7 to 9, the Triisiees consider that it is appropriate tt> draw up the financial stateinents on the going concern basis. Reserves Polley The Trustees have reviewed the financial statements of the Trust. The review encompassed the naturc of income and expenditure 8thEains. the need to match them with commitment5 and thc nature of re5erYes. Reserves are held as follows.. as a contingency to meet unforeseen expenditure (forming part of restricted and unrestricted general funds) e.g. an unexpected Idl'ge lepair bill. to covei. a Fall or rise in soui'Les of income e.g. non-renewal of a gixnt. planned coinmihnents, oi. designations, that cannot be met by futUTe sncomc alone, e.g. plans for a inajor asset

ONESCHOOL GLOBAL UK TRUSTEES, REPORT Reserves Policy (¢ontinutd) purLha5c oi. a significant piDject that requires the charity to provide'inatched funding. and the need to fund potential deficit5 in a cash budget, for cxaJi)ple Inotjey Inay need to be spent befoir ￿ndIng is raised or reccived. The level of reserves is kept linder review by the liiistees, and tliey assess them in relation to these puip05es. Free reservcs are represented by the unresti'icred fund5 balance 011 31 Decejiiher 2021. The sustainable long terin target reserves position of the'l'rust is to cn%ur¢ that the trust holds sufficient reserves to covei. working capital requireincnts. -lkne I riist believes that it needs to hold a tniniimum 01.3 months operatin&7 costs lesliinated to be £9in) to cov¢rthe charity in the event of unloreseen ciicumstances that interrupt our nomal busine55 i'evenue. A level of prLidence wps adopted as we approached the year ei)d with growing con¢erns around higher energy costs. This has proven to be wise given the significantly increased energy, einployer and cyber security Costs. The Triist belicve% that the ¢urrcnt level of free reserve5 Of £4,363,882 together with the freehold property of £4,850,000, which is held fvce of debt, provides th¢ buffer Lrquired by the policy. Investment Policy 'lThe Ti'iist's policy is to invest casli sui'pluses in bank accounts to generaie interest at best rales avdilable. In view of the prevailing low interest rates thJx)ughout the period covered by this Tepoit, vety little inteirst was generated. Streamllned Energy and Carbon Reporting Energy consumption break doiw IKWI.11 for elcclricity, 8a5 and transport fuel Fmi5sions Tonttes Sco Fner Source IC02el 658.04 (kwh 3,242.037.00 14ioDU5S Oil Tiust Vehicles (Km) Electricit Standard EleLITiLit Renewables Staff Mileage ￿ year on Ti￿$t Business Waier 8upply Transmis5iun and Distribulion Total FJnisslvns IDtensi Ratio 76,600.(X> 5,124,580.99 2,379,385.00 211.31 1,65U.53 505.21 155 533.00 43.63 1.34 44.71 3,114.76 0.83 2,379,385.00 We have folloive(I the 2019 l.InEoveinn￿nt envirottn￿ntal iEporting guidelines. We have also used the GHG repOrt￿)g PiDlocol- ¢ory)orate slandaixl and havc uscd the 2020 UK gi)vemment's ¢onveision factols foi'conwany reporting. In preparing thi5 ii)foiThation, (he Trust considers that il is not possible to piK)wide mearjingful and accurate comparative infui"Ination fui. 2020. This 15 because 2020 saw consolidalion of what were previously separate Ti'usts into OSGUK and the inforination available frojn the utility coinpatiies on energy usage was all too often e5tiinated and incomplets. The Trust is now sat15fied that Since 2020 it has consolidated its capture of eneru COttSUTnption data in a meaningful forinat as pait ol. its cominitin¢nt to improve ils energy efficiency. As part af thi% cominitinent lo iinprove its enei'gy effjciency and decrease its carbon fooiprint the Ti'llst developed a new encrgy inatiagement strategy into 2021. This includes a n￿j1)bel. of initialives soine ot which liave been iinpleinented acros% the Tru%t. These are namtly.. A centi"alised gas and eleclTlCi(y online dashboard Inonitoring sysiein which uscs information from sinart Ineiers. to be installed across site5 to IlJlPTove oui. uiidersiallding of energy consujnption and help identify areas to reduce consuinption.

ONESCHOOL GLOBAL UK TRUSTEES, REPORT Stre#mllned Energy and Carbon Reporting (eontinutd) Wc are investing in LED lighting aci'oss the Trust estate, the aim being to reduce energy consumption by ovei. 200/0 using LED lighiing technologies. We have installed PV panels on the roof of Exchange Place the aiin of reducing energy consumption by over Approxiinately 300/0 of the Ti￿St'S electi'icity bill is linked to the i￿nn￿lig of Ic'r Servers and air conditioning that support the core ICT solutlOnS Wlthin each Campus. 'I'he I'rust IS CUTrently working to move Inore of its I'r infi'asli'uctuie to the cloud to ensure greatsr resilience of the systeins, rediice caTbot) consumption and facilitate iinproved Cyber secui'ity of data. The plan over the next two years is to llndertake detailed enei'gy audits of all of the TTU5t academies to support each academy in Irducing their ¢arbon footprint without incurriiig substantial capital investiiient5. Seetion 172 Statement In accordance wilh Section 172 of the Coinpanies Act 2006, the DireLto¥s (who form our BoaTd of Trustees) complied with theii. duty to proinote the success of the Tw5t t]iroiigli their approval of the strategic 5-year plan and on.going rcview of pci'fonnance dgainsi this. All decisions are made in line with Ti"ust's integrated strategEc and fiiiaiicial plan, with thc long-ierin inieresis of the charity and its strdkeholder5 in Ixind. Cultur¢, employee welfaie and engageinent are iinpoilant io Trttstees. As a Trust, we already support flexible woi'king practices, we have iinproved our communication wÈth Staff in recent years and are about to embark on a review of our Staff wellbeing programine. Trustees undeiBtand the iinportaiice of Inaintaining productive relationship5 Wlthin stakeliolder5, underlined by a.%trong sen5t of purpose. Meiiibers of tlie Executives proactively collaboiate with a variety of stakeholder5 Wltljin the ediication Sector to share knowledge and learnings a5 appiK)priate. Higl) standards of business conduct air alwJy5 inaintained. The Trust holds I'egul3r Jneetings with suppliers and engag¢5 wilh theill through different procurement proces5e5 to ensure good working relationships aiE developed and sustained. Ti'llsttes are inindful of the Trust'5 impact on the cotn]nunity and environment. Oiir coininunEties, social action and enrichtnent sil at the heart of eveiything we do, and this 15 IEflected in oui. curriculuin. A5 a registered tharsty, we are coininitted to Inaking ihe biggest differei)ce to all of our pupils, inside and outside the classrotsin. The Trust's reputation and biisiness conduct are pai'ainount to its fvtuiE siiccess and ability to deliver value to it5 Vdl'lOUS stakeholders. The Trust ba5 Jii expersenced I'ru51ee Board who are responsible for en5uI'ing corporate governance best piactice is followed, Supported by the Risk and Audit Coininittee, finance Committee and UK Buildings Teain. St8tement (bfTrustees' Responsibilities The Triistees are i'esponsible for pirpai'ing Ilie Annual Repoil Lind ihe financial stateinents in accordance with applicab5e law Uni(ed Kingdoin Accouilting Standards {UtJited Kingdoin (ienei?Ily Accepted Accounting Pi'ac(ice}. The law applicable to chai'ities in England and Wales requii'es the Trustees to prepdre fiiiancial 5tateinent5 for each financiul yeai. which give a true and fail. view of the slaie of dffairs of tlie charity ￿ld the ￿0UP and ol'the incoming rc50urces and application of resouTces of the charitable group for that period. In preparing these financial stateincnts, the Trustees are reguired to.. select 5Ultable actoiinting polici¢s and then apply then) consistently- observe the Inethods and principl¢s in the ChaTlties SORP., make judgeinent5 dnd estimates that are reasonable and prLident., state whethei. applicable accounting slandards have been followed, gubject to any Inaterial departures disclosed and explained in the financial statements. prcpaTe the financiic I stateinents on the going concern basis unless it is inappropriate to presume that the charity and group will continue in business.

ONESCHOOL GLOBAL UK TRUSTEES, REPORT Statement of Trustees, Rc5ponsibililies (continued) The Trllstee5 are Irsponsible for keeping proper accouiiting records that disclose with reasonable accuraey at any liine Ihe rinancial position of the charity and the group and enable tliein to ctisui'e thai the fiIiancial stateinents coinply with the Charities Act 201 I, rhe Charity (Accounts and Repoils) Regulations 2008 (tnd the pi'ovisions of ihe Trust deed. They are also rcsponsible for safegu8rding the assets of Ihc Chai'ity and the gJDUP and hence for taking Jrasonable steps for the prevention and detection of frdud and athcr irregulai'ities. Statement 8S to Disclosui'e of Information To Auditor5 The T￿Stee5 who were in office on the date of approval of these financial staleinents have coJifJrJJed, as far ds they are aware, that theie is no relevant audit information of which the auditors are unawai'e. Eacli of the'l rustees have Lonfirmed that ihey have taken all the steps that they ought to have taken as'l I'ustecs in ordei. to make theinselv¢s aware of any relevant audit infonnation and to establish that it has been cominunicatcd to the auditor. Auditor Ci'owe U.K. LLP has indicated its willingness to continue office. The Trustees, Report which also includes the Diiectors Report i"eqiiired by coinpaiiy law 15 appi'oved on belialf of the b(>ard tsf Trustee5 aiid the strategic report (incliided theiein) is approved by the Ix)ard of Trustees in their Capacity as the dii'ectors dt a rn¢eting on 22 September 2022 and signcd on its behalf by.. Signed on their behalf.. A Diffey Ti'ustee 12

ONESCHOOL GLOBAL UK INDEPENDEN I. AUDII"OR'S RE.PORT TO THE TRUSTEES OF ONESCHOOL GLOBAL UK Oplnlon We have aiidited the financial statement5 of Oneschool Global UK (thc 'parcnt charitable coinpany,) and its subsidiaries {the'group'l foi. the year ended 31 Deceinber 2020 which coinprise the Group Statcinent of Financial Activities, the Gi'oup and Coinpany Balance Sheets, th¢ Gi'oup and Coinpany Cash Flow Statements and notes to the financial 5tateJnenls, ncluding significant accounting policies. The financial I'epoi1ing framework that has been applied in their PTeparation is applicable law and United I<Tngdom Accounting Standards. including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of lirland" (United Kingdom Generally A¢cepted Accounting Piactice). In our opinion the financial statements.. give a true and fail. view of the state of the group's and th¢ parent charitable company's affairs as at 31 December 2020 dnd of Ihe giDUP'S incojning resources and application of resouices, including its income and expenditure. for the yeai. then ended,. have been properly prepai.ed in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requireinents of the Coinpanies Act 2(K)6. Basi5 for opinio We have bc¢n appointed auditors under the Companies Act 2006 and section 151 of the Charities Act 201 l and report in accordance with those Acts. We conducted oui. audit in a¢¢ordance with Intei'national Standards on Auditing (UK) (ISAS (UK)) and applicable law. Oui. responsibilities under those standards are further described in the Auditor'5 responsibilities for the audit of the finaiicial statements section of our Irpoil. We are independent of the group and parent charitable company in accordance witl) the ethical I'equirements that arc ielevant to our aiidit of the financial statements in the UK. including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requiirmeiits. We believe that the audit evidence we have obtained i5 sufficient and appropriate to provide a basis for our opinion. Conelusions relating to going eoneern In auditing the financial stateinents, we have con¢ludcd that the trllstees, use of the going concern basis of accounting in the PiEparation of the financial statements is appropriate. Based ot) the work we have pei'forined, we have not identified any material uncertainties relating to events or conditiot]s that, individiially or collectively, may cast significant doubt on the group's or parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going con¢eiTr are described in the relevant sectioiis of this report. Other Informatlon The othei. infomiaÉion comprises the inforjnation incliided in the Annual Report other than the financial statem¢nts and our auditor'5 repoi* thei'eon. The ti'ustees are responsible for the othei. infonnation contained within the Annual Report. Our opinion on the f￿ancial slateinents doe5 not cover the other infoi'ination and, except to the extent otherwise explicitly stated in oui. Itport, we do not express any foTm of assurance conclusion thereon. Our responsibility is to read the other inforination and, in doing so, considei. whethei. the other infomiation is materially inconsistent with the financial stateinents or our knowledge obtaiiied in the course of the audit oi. otheiwise appears to bc tnatei'ially Inisstated. If we identify such material inconsistet]cies or apparent material inisstateinents, we ale required to deterinine whethei. this bjives i'ise to a material misslateinent sn the financial stateinents themselves. If, based on the work we have perfoiThed, we conclude that there is a material tnisstatement of this other information, we are required to r¢poi1 that fact. We have nothing to report in this regard. Opinion$ on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees. Report, which includes the DirectOTS' Report and the Slrategic Repoi% prepared for the pu]pose5 of company law, for th¢ financial year for which the financial 5tateinents are prepared is consistent with the financial statements- and the Director5, Report and the Strategic Report included within the Trustees'lDirectors' Report has been prepared in accoiyiance with applicable legal Tequirements. 13

ONESCHOOL GLOBAL UK INDEPENDEN"I" AUDITOR'S REPORT TO THE TRUSTEES OF ONESCIIOOL GLOIIAL UK contiiiued Matters on which we are required lo report by exception In the light of the knowledge and understanding of the group and the parent charitable company and their environjnent obtained in the course of the audit, we have not identified Inatei'ial inisstatements in the Diirctors, Report or the Stl'3tegic Report included within the Ti'ustees. Report. We have nothing to report in respect of the following matteT5 where the Coinpanies Act 2006 and the Charities Act 2011 i"equiies us to report to you if, in oui. opinion.. adequate and Su￿I¢lent awounting records have not been kept by the parent charitable company. or returns adequate for our audit have not been received fi'om branthe5 not visited by us., or the parent charitable company financial statements ait not in agJEeinent with the accounting records and returns. or certain disclosures of ts'ustees, reinunei2tion specified by law are not made- or we have t]ot received all the information and explanations w¢ require foi. tsur audit. Respon5ibilitles of trustees As explained more fully in the Statement of Ti'ustees, responsibilities set oiit on page 8, the trustees (who are also the directors of the chai'itable company for the purposes of company law) are responsibl¢ for the preparatioji of the financial statements and for beiiig satisfied that they give a true and fair view. and for such internal control as the trustees deterjnine is necessai'y to enable the prepardtion of financial ststements that are free from Tnaterial Inisstateinent, whether due to fraud or eiror. In preparing the financial statements. the trustees are responsible for assessing the gr(>up's and parent charitable coinpany'5 ability to continue as a going concern, disclosing. as applicable, Inattcrs I'elated to goiiig concern and using the going concei'n basis of acctsunting unless the trustees either intend to liqiiidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responslbiltties for the audlt of the financial statemeNt5 OUT objectives air to obtain reasonable assurance about whethei. the financial stateinents as a whole are free from Inaterial misstateinent, whether due to fraud or error, and to issue an auditor's repoit that includes our opinion. Reasojiable assurance is a hig]1 level of assurance, but is not a guaixntcc that an audit conducted in accordance witli ISAS (UK) will always detect a Jnaterial Inisstatement when it exists. Misstateinenls Ccln arise froin frdud Or error and are con5ideTed material if, individually or in the aggregate, they could i'ea50nably be expected to intluence the econoinic deeisions of users taken on the basis of these financial stateinenis. The extent to which the audlt was ¢onsidered capable of detecting irregularilies, including fraud Irregulai'ities are instances of non-coinpliance with laws and regiilations. The objectives of our audit are to obtain siifficient appi'opriate audit evidence regarding coinpliance with laws and I'egulat10115 tliat have a direct effect on the detei'ininalion of Inaterial amounts and disclosures in the financial stk)ternents, to perforin aiidit procedures tts help idcntify instances of non- Coinpliance with other laws and Tcgulations that may have a material effect on the financial stateinents. and io i'espond appi'opriately to identified or suspccted non-compliance with laws and iegulations identified during the audit. In relation to fiaud, the objectives of our audit are to identify and asses5 the risk of inaterial misstatement of the financial stateinents due to fraud, to obtain sufficient appropTiat¢ audit evidence Tegarding the assessed i'isks of material Inisstateinent due to fraud thiDugh designing and iinpleinenting appropriate response5 and to respond appiK)priptely to fTaud or suspected fi.aud identified during the audit. However, it is the PFiinary responsibility of management, with the oversight of those charged with governance, lo ensure that the entity's operations are conducted in accordance with the proyisions of laws and iEgulations and fgr the prevention and detection of fraud. In identifying and assessing risks of material misstatement in respect of in'egularities, including fraud, the group audit engageinent team: obtained an understanding of the natUlE of the sector. including the legal and regulatory framework that the group and parent chai'itable cojnpany operate in alld how the group and parent charitable coinpany are coinplying with the legal and regulatory fratnework; inqulled of Inanagement, and those chai'ged with governance, about their own identification and assessment of the risks of iTregularities, including any known actual, suspected or alleged in5tance5 of fyaiid. discussed matters aknlli non-coinpliante with laws and regiilations and how fraud Jnight occur including asses￿llent of how and wheiE the financial statements may be susceptible to fraud. 14

ONESCHOOL GLOBAL UK INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ONESCHOOL GLOBAL UK ( continued)

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, Charities SORP (FRS 102), Companies Act 2006, Charities Act 2011, the parent charitable company's governing document and tax legislation. We performed audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing the financial statements including the Trustees' Report, remaining alert to new or unusual transactions which may not be in accordance with the governing documents, inspecting correspondence with local tax authorities and evaluating advice received f[r] om internal/external advisors.

The most significant laws and regulations that have an indirect impact on the financial statements are those in relation to the Education Inspection Framework under the Education Act 2005 (as amended), Keeping Children Safe in Education under the Education Act 2002, and data protection legislation . We performed audit procedures to inquire of management and those charged with governance whether the group is in compliance with these law and regulations and inspected correspondence with regulatory authorities

The group audit engagement team identified the risk of management override of controls and as the area where the financial statements were most susceptible to material misstatement due to faud. Audit procedures performed included but were r not limited to testing manual journal entries and other adjustments, evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business, challenging judgments and estimates and.

A further description of our responsibilities for the audit of the financial statements is provided on the Financial Reporting Council's website at ht://www.fc.org.uk/auditorsresponsibilities. This description forms patt of our auditor's repmt.

Use of our report

This repmt is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undettaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Guy Biggin (Senior Statutory Auditor) for and on behalf of Crowe U.K. LLP Statutory Auditor 4th Floor, St James’ House St James’ Square Cheltenham Gloucestershire GL50 3PR

Date: 27 September 2022

15

ONESCHOOL GLOBAL UK CONSOLIDATED STATEMENT OF FINANCIAL AC'I'IVITIES for the year ended 31 D¢ceinber 2021 2021 Total 2020 Total Unrestrieted Restricted Note tNCOME fROM'. Donations and Cliaritable activities Investnients 30,188,007 10.508.905 927 92,106 30,280,113 10,508,905 927 40,052,370 5,670,754 2,210 Total income 40,697,839 92,106 40,789,945 45,725.334 EXPENDITURE ON.. ChaTltable activities.. Educational activities 39,627,440 32,057 39,659,497 40,194,634 Total expenditUlE 39,627,440 32,057 39,659.497 40.194,634 NET MOVEIWENT IN FUNDS 1,070,399 60,049 1,130,348 5,530,700 TOTAL FUNDS AT 31 DECEMBER 2020 12113 11,869,472 30,745 11,900,217 6,369,517 TOTAL FUNDS AT31 DECEMBER 2021 12113 12,939.871 90,794 13,030,565 11,900,217 The notes on pages 19 to 31 fomi part of these financial statements. 16

ONESCHOOL GLOBAL UK BALANCE SFIEET As al 31 December 2021 2021 2020 Note Croup Charity Group Charity 1X￿D ASSETS Taiigible fixed agseis 11,125,794 6.530,038 12,867,658 6,393,758 11.125,794 6,530,038 12,867,658 6,393,758 CURRENI. ASSETS Debtors Cash at bank and in hand 6,709,465 9,142,045 8,402.871 6,726,711 6,632,273 8,461,302 7.462,987 7,068,886 15,851.510 15,129,582 15.093.575 14,531,873 CREDITORS.. ainounts fylling due within one year 10 10,469,932 8,629,079 (11,776,571) (9.025.408) NET CURRENT ASSEI"S 5,381,578 6,500,503 3,317.003 5,506,465 CREDITORS.. ainounts falling due after n)ore than one year (3.476,707) (4,284,444) NET ASSETS 13,030,665 13,030.541 11,900.217 11,900223 FUNDS Restricted thnds Unre8tiicted funds: General funds Designated funds 12 90,794 90,794 30.745 30,745 13 14 12.439,871 12,439,747 500,OUO 500.000 11.369,472 11,369,478 500,000 500,000 13,030,665 13,030,541 11,900,217 11,900,223 The financial statements on pages 16 to 31 were approved by the tyustees and aiithorised for issue on l % on their behalf by: 2022 and signed A Dsffey Tiustee Company Number.. 10763413 lkne note5 4)n pages 19 to 31 form part of these financial 5tateni¢nts. 17

ONESCHOOL GLOBAL UK CONSOLIDATED SI'A"I"EMENT OF CASH FLI)W for the year ended 31 Deceiiibei- 2021 Year endcd 31 December 2020 C>roup Group RECONCILIATION OF NET EXPENDITUREI(INCOME) TO NET CASH GF.NERATED FROM OPERATIONS Net income l {cxpenditure) Depreciacion of tangible fixed asset5 (Increase} in trddc and other debtoi's (Gains) I loss on disposal of fixed assets lJi¢rease l (decrease) in trade and other creditors TTansfers inio th¢ Ti'ust Interest payable Inteirst receivable 1,130,348 3.137,907 (77,193) 21,044 478,268 5,530,700 3,278,230 (1,692,200) 5,000,343 (4,850.000) 188,676 {2,210) 196,827 (927) NET CASH GENERA TF.D FROM OPEI RATII)NS 4,886.274 7,470,654 INVESTINCY ACTIVITIF.S Cash 1￿ce1Ved on ts'ansfcrs into the I'rusl Paymcnts to acquire tangible fixed assets Interest received 155,584 (1,309,065) 2,210 (1,417,087) 927 NET CASH (USED INI INVESTING ACTIVITIES {1,416,160) (1,151,271) FINANCING ACTIVITIES Interest paid PayiheT)ts of finance lease obligations {196,827) (2,592,544) (188,676) (782,208) NF.T C.ASH (USED IN) FINANCING ACTIVITIES {2,789,371) {970,884} NFT INCRFA,SE IN CASH AND CASH EQUIVALENTS 680,743 5,348,499 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 8,461,302 3.112,803 CASH AND CASH EQUIVALENTS AT END OF PERIOD 9.104,045 8,461.302 Relating to'.- Bank balances and short term deposits included in'eash at bank and in hand" 9,142,045 8,461,302 18

ONESCHOOL GLOBAL UK ACCOUNTING POLICIES foi. the yeai. ended 31 December 2021 I) GENERAL tNFORMATION One5chool Global UK is a private charitable company Ittnited by guarantee iEgi5teiEd in England and Wales. The address of the charity's Itgistered office is F,¥¢hange Place, Poseidon Way, WatThviek CV34 6BY. The chai'ity meets the definition of a Piiblic Benefit entity undci. FRSI 02. BASIS OF ACCOUNTtNG The financial statements have been prepared in accoi'dance with the StateInEnt of Recoinmended Practice.. Accounting and Repoiling by Charities preparing their accounts in accordance with the Financial Reportitig Standard applicable in thc IIK and Republic of Ireland- {Charities SORP (FRS1021), the Financial Reporting Standai'd applicable in the UK and Republic of Ireland {FRS 102), the Charities Act 2011 and the Coinpanie5 Act 2006. The financial st&teinents aiy prepared in 5terlingT whieh is the fynctional currency of the charity. Monetary amounts in these financial stat¢ments are rounded to the neaitst pound. Assets and liabilities are initially recognised at historical ¢ost oi. h'ansaction value unless otherwise stated in the relevant accounting pulicy. GOING CONCERN The'frLlStces assess whether the usc of going concei'n 15 8ppropridie, ie whether there al'e any matei'ial unc¢ilainties related to events or conditions that Inay cast significant doubt on the ability of the trust to continue as a going concei'n. The tl'l15tees lake this assessinent in I'espect of a pei'iod of at least one year from the date of authorisation for issue of the fJnaRcial stateinents and have ¢on¢luded that the trust have adequate resouices to conlinue in opeTational existence fo￿'t]ie foreseeable fvtUTe and there are no Inaterial uiicertainties about the trust's abilily to continue as a going Loncei'n. 'I'hus tliey continue to adopt the going concern basis of accounting in preparing the financial statements. The 'fn]5tees have considered, in the context of the Covid-19 pandemic. the going concei'n concept in relation to the availability of funding and any a580ciated material iincertaintitg, Ihe basis of any signifEcanl judgeineiits and the Inatters to consider when confirming the preparation of the financial sia(ements on a going conLem basi5 and the triistees are coinfoiiable that there air not any adjustments requiiEd. The Trustees have received confii'ination of the contiiiiiation of fi]nding from the Glace Trust, as principal funder, over the period of at least twelve Inonths fi'oin thc approval of these accoiints and thei'efore the trustees expEct ihe charity to continlle lli opei'ation for at least 12 Inonths Iroin the date of signing thc financial stateinents. FUNDS Funds held by the charity aiE=_ Unrestricted generdl fund5-these are fvnds which can be used in a¢cordgnce with the charitable nbjeets at the discretion of the trustee5. Designated funds - Ihese are unirstricted funds that have beeji set aside by the trustees for particular purposes, the details of which are set out in the notes tu the finaiicial 5tattinents. Restricted funds- these are fi]nds which are to be u%cd in aCLordance with spe¢ific restrictions llnpos¢d by donors or wliich have beeji raised by the charity for partI￿lar putposes. The aim of each restricted fund is set out Èn ihe notes to Ihe f￿ancIal statetnents. 19

ONESCHOOL GLOBAL UK ACCOUNTtNG POLICIES (Continued) for the year ended 31 DeceI￿be1- 2021 tNCOME All incorne is recognised in the Stateinent of Financial Activities when the charity is legaliy cntitled lo the illcome, it is piDbable it will be received, and the amount can be measured reliably. GraNts are incliid¢d in the Statement of Financial ActivitEes on a I'e¢eivable basis. The balance of income received for specific putpo%es bul not expend¢d diiring tlie yeai. 1% shown in tlie JElevant fund5 on the balance sheet. Where income is received in advance of cntitleiment its i'ecognition is deferred and included in Creditors asdeferred income. WheiE entitleinent occuts befoiE income is received. the inconie is accrued. Donatiuns are ircognised on 2 receivable basis {wheii therc are no perforJnan¢e IElated coiiditions) wliere the receipt iSPTobable and the assei Lan he IEliably Ineasured. Donated fixed asscts aiE measured at fall. value, unless it is iinprJctical to Inea5ure this reliably, in which case the e05t of the irein to the donor 15 used. The gain is recognised as income from donations and a corrcsponding ainount is incliided in the appropriate fixed asset category and depreciated over the usefitl economic life in accordan¢e with the charity's accounting policies. Interest receivable is included with the Stateinent of Financial Activities on a Te¢eivable basis. EXPENDITURE AND LIABILITIES Ltabilitie5 are recogni5ed as soon as there is a Icgal or ¢on5tructive obligation coinmiltllig the group to pay out resources. All expendituir is accounted for on an accruals basis and has be¢D Classified under headings that aggregate all costs to the appi'opriate category. Grants payable are payments made to third parties in Ihc fi]rtherance of the chaTitable objectives of the charity. Single oi. multi- yeai. grants are accounted foi. when the charity has agreed to pay the grant without condition. or the wipient has a reasonable expectation that they will receive a grant and any ¢ondition attaching to the giant l5 outside of the control of the charity- GoveTnance costs are those incujred in conneciion with the administration of the charity and ¢0inplian¢e with constitutional and slalutory Tequirenients. Governance Costs are included withlli costs of charitable activities. All costs are allocated betwecn expenditur¢ catcgoi'ies of the St3teJnent of Financial Activities on a b35is designed to itflect the use of the resourcc. All support and governance ¢osls relate to the provision of %rvices and goods to whools, and as such have been all(Kated against this activity. EMPLOYMEKf BENEFITS The best estiinate of the eypendituyc rcqiiiird to settle an obligalinn for lerinEnation benefits is recognised llnmediattly as an exi)ense when the COTnpany is demonstrably coininitted to teTminate the einployinent of an einployee orto provide temination bcncfits. TANGIBLE FIXED ASSETS Assets whose cost cxceeded £500 are capilalised as taiigible fixed assets. Tangible fixed assetE air initially mea.%iired at cost and are subsequently ineasured at cost, net of depreciation and any itnpaDThent losses. Depreciation is charged by aiinual instalinents coinmencing with the year ofacquisition at rates e5tirnated to write off their cost less any IEsidiial value over their expected useful lives as follow5.' Leasehold buildings Computers and equipinent Motoi. vchicles Fixtur¢s and Fittings Over the lengtli of the lease 3 yeais Sti'aight line 17.5 /0 reducing balance 2-3 years straight line 20

ONESCHOOL GLOBAL UK ACCOUNTING POLICIES (Continued) foi. th¢ period ended 31 December 2021 I.F.ASED ASSETS AND OBLICJATIONS Where assets are financed by hire purchase and leasing agyetinents that give right5 appiY)xiinating to ownership, the assets are Eated as if they had been purchased outrighi. The amouJ)t capitalisecl is the PiE5ent value af the n)inimuin Ica5e pa￿llents payable during the lease term. The CO￿eSpOndIng leasing coniinilinents air shown a5 ubligation% to the lessor. Lcase payinents are treated as consistiiig of capital and intcre5t elements, and tl)¢ interest is chai'ged to the Stateinent of Financial Activities in propoition to the remgtining balance outstanding. VOLUNI'L￿Rs The value of seTvice5 provided by volunteers is not incorporated into the financial stareinents as it Cannot be iEadily quantified. PENSIONS.. DEFINED CONTRIBU'fioN SC14EME Thegroup operates defined contributioji schenies. Contribiitsons arecharged in the financial ststements. as they becotne payable in accordance with the rules of the 5cheine and allocated to activities in lille with the relevant employees. CASH AND BANK BALANCES Cash and bank balances includes cash and short tern] highly liquid investinenls with a short inatiirity ofihree months or le5S from the date of acquisition. FINANCIAL INSTRUMENTS The Charity has applied the piDvisions of Section I I 'Basic Financial Insttuinenls. of FRS 102, in full, to all its financial inslruinents. The charity only has financial as*ts and financial liabilities of a kind that qualify as basic financial instruinents. Basi fjnancial ijistruintnts are initially recognised at transaction value and subsequently measured at ainortised c05t, being their settleinent value, and in the case of debtors. less any iTnpairment Ios5¢S. CR]TICAL ACCOUNTING bSTIMATE8 AND AREAS OF JUDGEMENT E5tiinates and judgeinents are continually evaluated and are based on historical experience and otl)eT factors, including expectations of future events that are believed to be reasonable undei. the circumstances. The trustees have reviewed the financial statements and consideF that there air no ci'itical judgem¢nts applied in th¢se financial stateinents. Usefiil econoinic lives of tangible asscts the annual depreciation charges foF the tangible assets are sensitive to chat)ges in the estimated iiseful econoiniL lives alld residual values of the assets. The Usc￿1 economic lives and residiial valu¢s are re-assessed annu¢illy. They are ainended when necessary to reflect current esiimatcs, based on economic utilisation and the physical condition of the assets. See note 8 for the carrying amount of tlie tangible asset5 and note on pagc 16 for the useful lives for each class of asset. 21

ONESCHOOL GLOBAL UK NOTES TO THE fNANCIAL SI'ATEMEN'FS foT the year end¢d 31 Dece￿be1. 2021 DONATIONS AND GRANTS Ye#i' ¢nded 31 Deceml)er 2U21 Yegj. en(led 31 December 2020 Grants & Donations 30,280,113 35.202,370 Net trallscer of assets frorn Fo¢us Leaming Trust (note 91 4,850.000 30,280,113 40,052,370 INCOME FROM CHARITABI.F, ACTIVITICS Year ended 31 December 2021 Year emdeil 31 DeceJnb¢J' 2020 S¢hool fee5 and re18ted inwrne Other goveTnment grants Other income 9,870,660 316,176 322,069 3,669.486 1,914,259 87,009 10,508,905 5,670.754 INVESTMEN'I. INCOME YeAr ended 31 Deceinbei. 2021 Yeaj. en(J¢d 31 De¢¢mber 2020 Bank interest receivable 927 2,210 22

ONESCHOOL GLOBAL UK NO'I'F,S 'I"O THF. FINANCIAL STA'I"EMENTS for the yeai- endcd 31 December 2021 COSTS OT.. ()'I'FIli.11 CHARI'FABLC ArfiviTIES 2021 2020 EduLolio[￿l aciiviiits.. diTebl school aciivilie5 - SUPtK)rt cois 34,193,821 5.465,676 33,133.242 7,(k51.392 39.659.497 40,194,634 Support costs.. deprcciBiion other . govemanc£ LY)$15 1,279.027 3,996,798 189.251 5,550.285 117.993 5.465.676 7.061,392 Gol'ernan￿ costs.. - policy developinenl. legal advitt and accountancy 149,038 58.539 - govtrnance school in%pcction 40.213 59,454 189,251 117,993 Support ttssts 811 relate to thc provision of servi¢ts and goods to schools. There are support costs relatingto any oihei. EMPLOYEES Y¢ar ended 31 DecetrJbEr Year tnded 31 December 202 2021 Th¢ av¢i7ge numter of persons employed by the gwup aftd charity duriiiB the )'ear ivas.. Direct Edlicalion Admirtisiration and 5UPPOrt 398 316 195 Tliere 15 no maierial difference b￿ween the avcrgge monthly numb¢r of employ¢es and Ihe full time ¢quivalcnl number. YElif ended 31 Dettmber 20ZI Y¢ar ended 3] Deeember 2020 Staff co%15 for Iht 8bovc p¢r50llS'. Wages and salaries Socidl scLurily costs Pension cunlribulions 20,325.(H2 ,969,122 3.540,285 20,091,238 1,969,122 3,140,285 25,434.450 25.200.645 2J

ONESCHOOL GLOBAL UIC NOTES TO TIIE FINANCIAL STATEMENTS for the yeai. ended 31 December 2021 EMPLOYEES (continued) The number of einployee8 whose annual emolujnents (excluding pension conlTibution5) were in the following ranges: Y¢ar ended 31 DeLember 2021 Year cndcd 31 Deecmber 2020 £60,001- £70,000 £70,001- £80,000 £80,001- £90.000 £90,001 £100,000 £ioo,001 £iio,000 £110,001 £120.000 Redundancy and seve1.￿ce payments totalling £361,427 weir paid during the year (2020.. £350,479). Not tNstee received any reinuneration in the period (2020.. nil). Ni) trustees received rciimbur5ed expenses for travel and subsistence in the period (2020.. £Nil}. Thc charity has purchascd Trustee indeinnity insui.ance but its cost is not separately identifiable. In accordance with the Charities SOIiP (FRS102) the bentfit to the chai'ity provided by general volunteers is not reflected in the Statcment of binancial Activities. The Trust is supported by voliinteei. executives. All pension contributions relating to defined Contribution pension Scheines are allocated io unrestricted fund5. Key nian#￿t￿ent personnel remuneration The Trust considers its kcy management p¢i%onnel coinprise the Regional Education Lead. Regionyl Principal, Head of HR, Legal & Compliance Manager, IT Managlr and Chief Finance Officei.. The total einployment benefits including einployer pension contribution5 of the key munageinent personnel were £800.236 (2020.. £733,998). No einployees had einployee benefits in excess of £60,000 (2020-. none). NET MOVEMENT IN FUNDS IS STA'I'P.D AFTF.R CHARGING YeAI' ended 31 December 2021 Year elided 31 Deceinber 2020 DepreLiation - owned assets 1,279,627 1,393,114 Audiior'5 reTnuneration audit- charity 25,750 25,000 Auditor's remuneration othEf 5eivices (accountancy and taxdtion) 9.154 5,000 Auditor's remuneration audit- Subsidiaries 7,500 24

ONESCHOOL GLOBAL UK NOTES 'fo THE FINANCIAL STATEMENTS foi. the year eiid¢d 31 December 2021 TANGIBI.F FIXED ASSETS Computer5 nd equipment Leasehold Motor vehicles Furniture and building5 Fixtures improvements Total Group Cost: l Janiiary 2021 (Restated) Additions acquired in business coinbination5 Additions Disposals 4.862,000 11208.984 896,404 2,801,032 19,768,420 1,180 267,554 ,148,353 1,417,087 78,460 78,460 31 December 2021 4,862,000 11,131,704 1,163,958 3,949,385 21,107,047 Depi'eclAtion'. l January 2021 (Resiated) Charge for the year Disposals 41,167 4,730,144 453,458 1,675,993 6.900.762 60,700 1,860.445 57,416 406,173 810,589 3,137.907 57,416 31 December 2021 101,867 6.533.173 859,631 2,486,582 9,981.253 Net book v8lue: 31 December 2021 4.760,133 4.598,531 304,327 1,462,803 11,125,794 31 December 2020 4,820,833 6,478,840 442,946 1,125,039 12,867.658 Leasehold proptty additions include the tt7nsfei' of piDperty fi'om Focus Learning Ti'ust. The cost and depre¢i8tinn brought forward figures have been I'estated. Ill the prior year tlicy weie tTansferred in and the8e were shown at Net book value rather than at associaied Lost aiid DepFecialson. This year they have been restated to show the gtOSS cost aT)d deprcciation brought forward. 25

ONESCHOOL GLOBAL UK NOTES TO THE FtNANCIAI. S'I"A TFMENTS for the year ended 31 December 2021 TANGIBLB FIXED ASSETS (continued) Leasehold buildings Motor vehicle5 Furiiiture improvement. Fixtures Compiiters and equipment Cliarlty Total Cost: l Jdnuary 2021 Additions Disposals 4.862,000 6,495 893,365 267.554 2,801,032 1,148,353 8,562.892 1,415,907 J l Decetnber 2021 4,862,000 6,495 1.160,919 3,949,385 9,978.799 Deprce5ation: l January 2021 Charge for the year Disposals 41,467 60,700 1.555 2,165 450.419 406,173 1,675.993 810.589 2,169,134 1,279,627 31 December 2021 101,867 3,720 856.592 2,486,582 3,448,761 Nel book value: 31 D¢¢ember 2021 4,760,133 2,775 304,327 1,462,80J 6,530,038 31 Deceinber 2020 4,820,833 4,940 442,946 1,125,039 6,393,758 DF.BTORS 2021 2020 Group Ch8rity Group Charity Due within one year.. Trade debt013 Amount% diie to group uiidertakings Other debto Prepayments 5,654,450 5,654,450 1.902,716 39,401 806,305 5,347,803 5,339,367 1,061,684 342,592 719,344 248,711 806,305 565,126 719,344 6,709,465 8,402,871 6,632.273 7.462,987 10 CREDITORS= amounts falling due within one year 2021 21120 Group Chai'ity Crollp Charity Obligations under finance leases Tradc ¢lEditor5 Social security and othei. taxes Acciuais other creditors 1,709,519 785.415 905,680 1,108,675 5.960,643 2,573,540 ,165,759 819,905 1,320,681 5,896,687 723,483 905,680 1,039,273 5,960,643 1,107,333 819,905 1.201,483 5,896.687 10,469,932 8,629,079 11,776,571 9,025,408 26

ONESCHOOL GLOBAL UK NO'I'ES TO THE FtNANCIAL STATEMENTS for the year elided 31 Decembei. 2021 CREDITORS.. amount5 falling due aftei. tnore than one ye 2021 Charity 2020 Group Group Charity Hire purchase and lease obligations Othei. creditors 1,340.286 2.136,421 3,068,809 1,215.635 3,476.707 4284,444 Analysis ofdebt Inatui'ity.. 2021 c.harity 2020 Group Cjroup Charity Flii'e Pui'chase alld lease obligations.. In oiie year or les Between one five yeaTS 1,709,519 1,340,286 2,573,540 3,068,809 3,049,805 5,642,349 Finance le&%¢ payments represent rentttls payable by the GIK)up for ceitaiv iteills of inotor vehi¢les. Leases includ¢ purchase option5 at the end of th¢ lease period, and no restrictions are placed on Ihe use ofthe assets. The averdge lease terin is foiii" years. All l¢a5es air on a fixed repayment basis and no an2ngemeiits have been entered into for contingent itnlal payments. The fin<in¢e lease obligations are S￿ured by a charge over the motor vehicles Wlthin tangible fixed assets of the Group. RESTRICTED FUNDS Balanee 31 DeceTNber 2020 Balgnce 31 Dec¢]nber 2021 Income Expenditure Restricted ￿ndS 30,745 92.106 32,057 90,794 Total Restricted Funds 30,745 92,106 32.057 90,794 27

ONESCHOOL GLOBAL UK NOTES TO 'fHE Tr INANCIAL STATEMENTS for the year ended 31 Decembei. 2021 13 UNRESTRICTED FIJNDS Balance JI Deeeniber 2020 Transferred from l (to) eneral unds Balanee 31 Deeember 2021 Into￿e Expendlture CFIARITY GeiTreral Funds 11,369,478 40,697,596 39,627,327 12,439,747 .1 otal UnrestTiCt¢d Funds 11,369,478 40.697.596 39,627,327 12,439,747 GROUP General Funds 11,369,472 40.697,839 39,627,440 12,439,871 Total Unrestricted funds 11,369,472 40,697,839 39.627,440 12,439,871 14 DESIGNATED FUNDS Balanee 31 Deeember 2020 Transferred from / (to) General Funds Balance JI December 2021 Designated Funds 500,000 500,000 Total Unrestrzcted Funds 500.000 500,000 During the prior year the tWStees desigiiated £500.000 to cover future capital and building repair expenditure. 15 ANALYSIS OF GROUP TrIET ASSETS BETWEEN FUNDS Desigiiated rllnds Cener'al Funds Restrilted funds Total Tangible fjxed assets 11,125,794 11,125,794 Cash at bank and in hand Net current debtors and creditors 500,000 8,551,251 (7,237,174} 90,794 9,142,045 {7,237,174) Balance at 31 DeceinbEr 2021 500,000 12,439,871 90,794 13,030,665 28

ONESCHOOL GLOBAL UK N()TES 'fo THE FTNANCIAL STATEMENTS for the year ended 31 Decembei. 2021 16 ANALYSIS OF GROUP NET ASSETS BETWEF,N FUNDS Design#ted runds General Fuiids Restricted fund5 Total 1 angible fixed assets Cash at bank and in hand Net cunrnl debtors and cirditors 12,867,658 7,930.557 (9,428,743) 12,867,658 8,461,302 (9,428,743) 500,000 30,745 Balance at J l Decembei. 2020 500,000 11,369,472 30,745 11.900,217 29

ONESCHOOL GLOBAL UK NOI"E% TO I'HE F'INANCIAI, STATEMENTS foi. the year end￿ 31 Decembci. 2021 17 tNVESTMENTS The charity lias conti.ol of Onebus Liinited (07326111). a company limited by guai'antee wliich is iJicorw)rated in F.ngland aiid Wales. 'I'he chayity exeiri5¢s coritrol as the 501e me2nber of Onebus Limiied. It is operated on a not- foi'_profit basis to provide traiisport facilities to pupils of schools siipportcd by the charity. All activities have been consolidated on a line by line basis in the gtateiment of Financial Activities. A suinmary of the results of the subsidiary is shown below.. Ye￿r ended 31 December 2021 Year ended 31 Deeember 2020 Turnover Expenditui'e 3,445,447 3,047,098 {3,248,620) (2,859,460) 196,827 187,638 Othtj. operating income Inteiest receivable Inteirst payable Tax 780 13 (188,431) 1196,8271 Retained in subsidiary The assets and liabilities of thc subsidiary w¢re as follow5-. 31 December 31 Decernber 2021 2020 Assets Liabilities 5,083,855 6,881,657 (5,083,855) (6,881,657} Net assets ie Trust also set up a wholly owned subsidiary in June 2020, Oneschool Global CAP Ltd to hold and adEninist¢r funds on behalf of th¢ Caree¥5 Advanccjnent PTograiii run by Ihe Trust. The net assct% of the company at 31 Deceinber 2021 were £12412020.. net liabilities of £5). The business add￿sS is tlie sam¢ as the Trust. CHARITABLF. STA TUS The Trust is registered as a charity, no. 1181301, with the Charity Coinmission. It is also a registered company no. 10763413 and Tegistered in Scotland ISC049398). No taxation iiriscs on the income of th¢ company. RELATED PARTY TEiAN8ACTIONS Some trustees have childrcn who attend (lie School Trusites liave children who attend variou8 schools operated by One School Global UK diiring the period. £17,932 was outstanding a( the year end in ￿Spect of these fees in relatii)n to 5 TrusteC512020.. £22,61917 Triistees). 19 As available to all parents of students. 412020.. 4) of the Trustees have childret) who have participated in the Career Advantage Progizrn ("CAP"). £4,000 was paid out in respect of tliese students during the period (2020.. £4.000). 30

ONESCHOOL GLOBAL UK NOTES TO"114E FtNANC'IAL s'fA'I'EMENTS for the year ended 31 Deceinber 2021 19 RELATED PARTY TRANSACTIONS {continued) During the yeai., costs relating to transportation services ainounting to £3,445,447 (2020.. £3,047,098) wtre reehai'ged to the Cliai'ity by a Telated iindertaking. Onebus Liinited. Ainount8 due froitt the related undertaking Onebus Liinited al the yeaI' end included within debtors were £1,902,716 {2020'. £1,061,684).