2023-06-30-accounts

Company No 13396877 Registered In England Charity No 1194790 St John's College School, Cambridge ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT AND FINANCIAL STATEMENTS Contents Page Governors, Officers and Advisers Annual Report of the Governors Statement of Accounting and Reporting Responsibilities Independent Auditor's Report Statement of Financial Activities 3-10 11 12-14 15-16 Balance Sheet 17 Statement of Cash Flows Notes to the Financial Statements 18 20-37

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE GOVERNORS. OFFICERS AND ADVISERS YEAR ENDED 30 June 2023 GOVERNORS, DIRECTORS AND CHARITY TRUSTEES The Governors of Sl John's College School I"Ihe School") are the School's charily Iruslees under charity law and the directors of the charitable company. The start of Ihe Governors terms as noted is the dale they become directors of the company. bul Iheii term for compliance purposes is Ihe dale at which they became governors of the school in ils previous legal form. The members of the Governing Body who seNed in off￿e as GOvern￿S during the Year and subsequently are detailed below.. 121 {3 ' Lindsay Dodsworth (Chairl (Appointed and slarted 13 September Paul Taylor (Vice-chairl (Appoinled Seplembef 2017, started 14 Imay 20211 {Appoinled September 2015. started 14 May 2021) (Appoinled September 2018, started 14 May 20211 (Appointed arbd started 16 August 20221 IAppoinled and slarted 16 Augusl 2022 IAppoinled and started 16 Augusl 20221 (Appointed and started 2 December 20221 IAppointed and slarted16 August 20221 IAppoinled and slarted I September 20231 | (Appoinled September 2019, started 14 May 2021. resigned 31 August 20231 IAppoinled March 2020. started 14 May 2021. resigned 2 Decefflber 20221 (Appointed September 2014. started 14 i May 2021. resigned 31 August 20231 (Appointed Seplember 2017. started 14 l May 2021. Chair lo 13 July 2021, resigned 13 July 20221 Professor Deborah Howard Patrick Blakesley Gordon Cameron Jonathan Cumming Darren Jordan Henry Price Dipika Shah Elizabeth Searle Dr. Dean While Susan Wessels Richard Murray Professor Ann Lovise Kinmonlh Agnes Chiano (Company Secretary) , (Appointed and started l Augusl 20221 Faisal Babar (Company Secrelaryl ' (Appointed August 201 S. started 14 May 2021. resigned 1 Augusl 2022 Finance and General Purposes Subcommillee 121 Education & Welfare Subcommittee 131 Nominations Subeommittee The work of the Governing Body is supported by the above Su￿rnM•t1ees. Each ol the sub-commillees, which are not decision-making bodies, have wrillen terms of reference th81 detail their aulhority and duties. Page11

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE GOVERNORS, OFFICERS AND ADVISERS (contbnued) YEAR ENDED 30 JUNE 2023 Senior management team Neil Chippinglon Agnes Chiano Allhea Pipe Alex Loria Headmaster Bursar and Company Secretary Deputy Head and Head ol ByTon House Director ol operat￿nS Dmector ol Studies Tristan Igglesden Jude Worthinglon Lisa Bedford Depuly Head (Byron House) Assistanl Head Paslwal (SeniL¥ House) Princlpal address and Registered Office Sl. John s College School 73 Grange Road Cambridge CB3 9AB Solicitors Ashlons Legal Solicitor5 Chequers House 7741 Newmarket Rd Cambridge C85 8EU Auditors Crowe U.K. LLP 55 Ludgale Hill London, EC4M 7JW Bankers Barclays 8ank plc Benel Street Bfanch P.0 Box 2 Cambridge. CB2 3PZ Website wwJ.sjcs.co.uk Page12

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2023 The members of Sl John's College School. Cambridge's Governing Body present for the year ended 30 June 2023 their Annual Report tjnder the Charilies Act 2011. incorporating the Directors. and Strategic Reports under the Companies Act 2006, together with the audited financial slalemenls of the School. REFERENCE AND ADMINISTRATIVE INFORMATION Sl John's College School traces ils roots lo the 17th Century when Il was lounded by Sl John's College for the education ol the Choristers of the College Choir. The Choristers continue lo be educaled in a school of approximately 450 boys and girls aged 4-13. Si John's College School Cambridge fT7oved to Its present location in one of the most altraclive parts ol Cambridge in 1955. and doubled in size upon amalgamation with the former Byron House School in 1973. 11 is consliluled as a company limited by guarantee registered In England. No. 13396877 and was registered with the Charity Commission under Charrty No. 1194790 on 14 June 2021. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documents The School is governed by ils Memorandum of Association and Articles of Assoeialion lasl amended on 14 May 2021. Governing Body The Governin9 Body is self-appoinling, and comprises no fewer than five and nol more than twelve members. Governors hold office for 3 years. although any retiring governor who remains qualified may be re-appointed, provided that they do not serve for more than three consecutive terms of office. New members of the Governing Body are elected on the basis of nominations from Ihe Governors and the executive officers based on the candidales. professional qualit￿5. experience, personal competence and local availability. Recruitment and training of Governors Governors are recruited Ihrough an Independent process led by Ihe Nominations Committee with the obieelive of creating a Board with diversity of knowledge and experience among the Governors. New Governors are inducted into Ihe workings of the School, including Governing 8ody policy and pr￿edUreS. by the Head and Bursar. The new Governors undertake training on the role an(J ￿SponSibl1111eS of charily Iruslees. Members of the Governing Body allend external trustee training and Information courses designed lo keep them informed and updated on current issues in the sector and regulatory requirements. Organisational management The members of the Governing Body, as the charily Iruslees. are legally responsible for the overall management and control of the School. They meet three times a year. The Governing Body has established Ihree Subcommittees. the Education & Welfare Subcommillee, the Finance & General Purposes Subcommittee and the Nominations sut￿0mmit1ee. All the Subcommillees have wrillen terms of reference which detail their authority and duties. The Finance an¢J General Purposes Subcommrttee takes delegaled responsibility on behalf ol Ihe Governing Body lo provide overview and scrutiny of the work ol the Executive in the areas of Finance and Health and Safely. This Includes acling as a sounding board for new inilialives and the on-going monitoring and review ol policies and practice in these areas, and making recommendations as appropriate lo the Governors. This Subeommillee also supervises and finalises Page13

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2023 the audited financial statements and annual report for approval by the Governing Body. The Finance and General Purposes Subcommittee is chaired by Gordon Camefon. The Educ81ion & Welfare Subcommittee lakes delegated Tesponsibilily on behalf of the Governing Body lo provide overview and scrutiny of the work of the Execulive in Ihe areas of Educalion {academic, co-curricLJlar and paslorall and Weffare (including Safeguarding). This Subcommiltee 15 chaired by Paul Taylor. The Nominations Subcommillee lakes delegated responsibility on behalf of Ihe Governing Body lo recruit new Governors and ensure the Goverr)ing Body is composed of suitably qualifEd and experienced individuals. This Subcommittee makes recommendation as appropriale to the Goveming Body and 15 chaired by Darren Jordan. The day-lo-day running of the School is delegated lo the Head. He is supported by the Senior Management Team and together this group are the key managemenl personnel Isee page 21. The Head allends all meetings of the Governing Body's Commillees, as does the Chair of Governors." the Head and the Bursar allend all meetings of Finance and General Purposes Subcommittee. Remuneration for the senior management team Is sel by Ihe governing Body, as well as the yearly salary review for all staff. The policy objeclive is to provide appropriale incentives lo encourage. enhanced performance and reward fairly and responsibly individual contributions lo the School's success The appropriateness and relevance of the remuneration policy is feviewe¢Y annually, including reference lo comparisons with other independent schools lo ensure that Ihe School remains sensitive lo the broader issues of pay and employment conditions elsewhere. Delivery ol the School's charitable vision and purpose is primarily dependenl on ils key mana9emenl personnel and staff costs are the largest single element of ils charitable expenditure. Group structure and relationships SJCS International Limiled I'SJCSI'} Is a wholly-owned subsidiary of. and is controlled by. the School. 11 was sel up by Sl John's College in 2017 as a company limited by shares and transferred lo Sl John's College School In 2021. The primary purpose ol SJCSI is lo licence the Intellectual property ol the School lo a partner in China in relurn for a fee with the aim of selling up nurseries ovefseas in the School's name The annual taxable Pfofils of SJCSI are donated lo the School under the Gift Aid scheme. The fesulls of SJCSI are not consolmjaled into these financial slalemenls as the School Is ilsell a subsidiary of a lafger group. St John's College. The results of SJCSI are Iherefore consolidated irslo the results of Sl John's College as ullimale paTenl of the Group. St John's College On 10 September 2021. the activities of the School were Iransferred from Si John's College into a company limiled by guarantee, Si John's College School. Cambridge which is a separately regislered charity. The College is the sole member of the Company and the School Governors are Ihe directors and the charity Iruslees. The nel assets ol the School. including reslricle(5 and endowment lun¢Js with reslricled purposes for the School, were also transferred lo the School on 10 September 2021. The fair value of the assets Ifansferred was £5.416k and this was recorded as expenditure in the College Sialemenl of Comprehensive Income on that dale. OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES Charitable Objects The School's Object, as sel out in the Articles ol Associalion. is to Promote and provide for the advancement of education of pupils of any age. In furlhefance of this Object for Ihe public benelil Ihe School has established and administers bursaries and engages In partnership and outreach activities. Aims and Ethos Sl John's College School is a carirrfj community that aims lo prOV￿e an oulslan¢Ying education lo boys and girls aged 4 -13. 11 aims to foster the apliludes and nurture the 9rowlh of each child to enable them lo become their best selves in Ihe fullest sense. Respect for children. failh in children and an ability lo see Ihe world through their eyes informs ils leaching and ils care. Page14

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2023 Pastoral Care and Wellbeing The School believes that emotional and social wellbeing, sew-awafeness and confiijence are inextricably linked with academic progress. Creativity The School encourages children lo become independent. creative learners and critical Ihinkers, equipped with Ihe skills lo collaborale, problem-solve, self-reflecl and adapt. Academic Excellence The School aims lo offer an oulslanding education Ihrough a rich ano broad curriculum wh￿h enables children lo reach the highest levels of allainmenl supported by the very besl quality ol leachin9, premises and resources. Community The School encourages children lo have a generosity of spiril and compassion in a global society and lo embody the values of love, honesty. kindness. respect, service and Irusl In their communily and beyond. Intended impact Within ils charitable Objects, the School's intention is lo provide a firsl<lass holistic education through a focus on nurturing children and their wellbeing alongside slrong academ￿ luition. This includes developing broader skills that enable every pupil lo realise his or her polenlial lo the lull. This involves emphasis on the co-curriculum through cerebral, sporting, artistic. team building and social skills. This policy builds selfvconfidence and life skills in ils pupils and inculcates a desire lo learn and a willingness lo conlribule to the wider community whilst al school and in later life, Strategic Report The School's principal objeel, as specified in the Articles of Association, Is the advancement ol edL*calion and, In this. the School has again had a successful year. The School averaged 458 pupils ol whom 436 were day pupils. Interest in the school and applications remain heallhy. thus giving confidence that the Schod can conlinue lo operale al close lo full capacity for the fofeseeable fuluie This success is a resull of Ihe resolve lo mainlain the high standards of pastoral care and a¢ademic luilion for which the School is known. Alms The School's aims are.. lo establish the school as a predominantly day school. working lo routines based on some boarding principles, in which Ihere are strong and active partnerships between parents. the local community and Si John's College, whose chorislers the School educates.. lo offer all pupils a range of opporlunilies and a broad curriculum so that Ihey can achieve lo the best of their ability within a framework of shared values and slan¢Jards'. and lo value and nurture pupils as individua15. giving Ihem a sense of their own self-worth and of the value of service lo others, thus preparing them for life beyond school. Primary objectives The primary objectives of the School lo fulfil these aims are.. lo provide a happy, secure and nurturing environment In wh￿h pupils can learn lo be their best selves and lo live together and thus foster a sense of community. co-educalion, respeel for one other and good citizenship,. lo provide a slimulaling learning environment in which pupils can develop their academic potential lo the full.. lo provide pupils with Ihe opportunity lo lake advantage of a bre8dlh of co-curricular activities in order lo develop positively all aspects of their chafacler.. lo provide pupils with the opportunity to take (lecisions based on their own iudgment and to communicate Ih05e decisions appropriately and effectivety", lo provide financial support to enable children whose parents are unable to afford the full fees to benefit from the sch￿I,s educatDn'. Page15

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2023 lo provide a clear, simple an¢Y effective managemenl structure capable of making timely decisions an¢J allocating necessary resources appropriately., and lo provide the necessary administrative and logistic framework lo meet the needs of members of staff and pupils alike. The aims and objectives sel lor the School's subsKliary, SJCSI. are lo facilitate the achievemenl of Ihe School's aims and objectives as above. Strategles to support the achievement of the primary objectives The Governing Body agreed that any major initiatives would be considered over the four-year period 2022 10 2026. subject lo available funding. In addition lo conlinuing lo slrenglhen the School's pastor31 care and leaching and learning, the Governing Body have identified seven main areas lo meet Iheir primary obieclives.. arkgting- a focus on markeling in the medium term is required lo give the School greater control over pupil numbers by reducing as much uncertainty as possible In the admissions process and increasing enquiries. Bursaries. Governors are committed lo improvin9 accessibility through building an endowment lo finance bursaries in the future. This endowrnenl is lo be built through fundraising. Diversity, Inclusion and Eqully. The Schcd is committed lo being as diverse, inclusive and equitable as possible in all 11 undertakes Environmenlal $uslainability'. The School is commilled lo being as environmentally sustainable as possible and will work lo build a strategy lo meet this aim in Ihe short term. Partnership and outrèach." The School is already committed lo partnership and oulreach work which il wishes lo expand. particularly in the local community. Facllltiès.. The Governor5 wish lo ensvre Ihal the facililies remain as good as possible lo help deliver a high standard ol education. There is a pressing need lo rebuild or relurbish the swimming pool and the cost will be mel through fundraising. Relatlonshlp with St John's College. the goc*Y relationship wilh Sl John's College is fundamental lo the School succeeding and achieving ils aims and obieclives. During the 2022 - 2023 academ￿ year. Ihe School focused on.. marketing. by slarting lo update the School's website,. bursaries. by laying Ihe loundalion for a fundraising campaign for a Bursary Endowment Fund. Including selling up a steering commillee.. and the area of Diversity, Inclusion and Equity working alongside consullanls Equalileach and establishing a steering committee lo work through the recommendations made. Public benefit The Governors are mindful of the long.standing need lo provide public benefil and ol the requirements of the Charities Acl 2011 and. in selling the School aims and objeclives and planning the School's aclivilies. Ihe Governors have considered the Charity Commission's guidance on public benelil. The School actively supports the allainment of the highest standards of educalion through rigorous and continuous evaluation of quality and performance. the applicalion of best practice and a widespread desire lo improve slandards. The School cooperates with local charities an¢J educalional bodies in ils ongoing endeavours lo widen public access to the schooling it provides, lo oplimise the use ol ils cultural and sportin9 lacilities and to awaken in ils pupils an awareness ol the social context of the all-round education they receive at the School. The School remains eommilted lo Ihe aim ol providing public benefil in accordance with Ils founding principles. Charity legislation includes a requiremenl lo demonslfale Ihal public benefil lof any charilable purpose where il had hitherto been presumed in Ihe absence ol evidence lo the conlrary. This calls in turn lor commensurate disclosure of ils public benefit aims. The aw8rding of bursaries for those Ihal mi9ht othe￿ise nol be able lo allend or where families might need lo withdraw their children from Ihe school for financial reasons Is a measurable means of providin9 public benefit. The Governors lake the view that bursaries awarded lo those who would nol olherwise be able lo afford the lees are important. but not lo the exclusion of the much wider benefit that the School provides within Ihe community. Those pupils who allend the school and who receive financial support contribute lo Ihe school community in a variety of ways. and so the benefit is not purely lo these pupils bul to the whole School and. in some eases. lo the wider community. This year the School awarded bursaries and scholarships tolalling £573k lo 36 pupils. Within Ihis means-lesled awards based on linarlcial circumstances tolalling £196k We￿ awarded lo 16 pupils ir)duding 11 for full fees. Page16

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2023 In addition lo bursaries, the School has engaged in many other activities Ihal provide benefit to the public within the School's objectives. Emotions for Leaming IE4LI Outrexh The School undertook a pilot scheme al BarriThJton Church of England Primary School training all 35 staff membefs in the E4L approach during the 2022- 2023 academic year. An impact report will be pul together using the semi-slruclured interviews with children undertaken al regular inlervals thioughoul the year. a Slfenglhs and Difficulties Questionnaire ISDQI for each child al the beginning and Ihe end of the year, semi-slructured interviews with staff, feedback forms after each training workshop and an end of year survey. Nearly all leaching staff visited Sl John's College School for a morning lo see E4L in action. Computing Outreach As a Computing al School Master teacher. the Head of Computing has conlinued supporling UK maintained prtmary schools lo deliver the National Curriculum programmes of study for computing. As a founding member ané difeclor of the Teach the Teacher Programme. a Rotary funded project lo bring clou(J-ba5ed school leaching, teacher training and adult education to The Gambia, he has been working with the minislry ol Education in The Gambia to create a proof of concept based al Mansa-colley Bojang School. Pupils Irom St John's Colle9e School have been involved in online meetings with pupils from this school in the Gambia. A Pylhon Coding Day for local ￿hoolS was held in June 2023 al Si John's College School providing teacher training and exlension activities for children who are gifted programmers. Drama Outreach The Head ol Drama has visiled Si Luke's Church of England Primary School weekly and Barringlon Church of England Primary School, working wilh various year groups ijireeling performances of plays and leaéing assemblies. He has also worked al Gislingham Primary School in Suffolk, co.directed 'A Midsummer Night's Dream, which was performed as parl of Ihe Shakespeare Schools Theatre Festival in November 2022. Senlor Cltlzens The School continues 11$ links wilh local care homes and the residents joins the $¢hool for lea ar￿ entertainment every Christmas and summer term. Governorshlps Four members ol staff, including the Head. are governors of Iccal stale primary schools. ACHIEVEMENTS AND PERFORMANCE School performance The School's Year 8 leavers achieved excellent academ￿ slandaids and passed compelilive exams lo enter senior schools of their choice 33 pupils achieved places al Independent day Schools in Cambridge, 21 al other independent schools including a number of boarding schools and 2 to local slate secondary schools. 20 awards were won by pupils including 7 music scholarships. 5 academic scholarships, 3 drama scholarships, 2 sport scholarships. 1 design and technology scholarship and 2 all4ound scholarships. Other school acaijemic highlighls included.. A Year 516 team qualified for Ihe National Prep-Sch(K)I Science Quiz final. Two Year 8 children came In the lop 250 of the national Townsend-warner History Prize. Year 8 won the annual Latin play competition at Ihe Perse School. A Year 8 pupil was the winner In Ihe East region for the Anlhea Bell Prize for Young Translalors In Fiench. Sport The School continued to focus on making sporl inclusive. Many teams Involving older pupils entered local and national compelilion5. Notable successes were the U11 Girls Hockey team who qualified fof Ihe County Finals. the U13 Boys Rugby team who finished in second place al a Rugby festival al Oundle School. the U13 Boys H(Kkey team who won an IAPS regional event and a Year 7 pupil who was selected for the Cambridgeshire team for the English Schools Alhlelics Association Cross Country competition. P2ge17

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2023 A Year 6 and Year 8 pupil also had conSiderat￿e success al the East Area Prep School Alhlelics compelilion in the summef lerm. A group of Year 8 pupils children look part in a PowerHouse Games session al the Cambiidge University Sports Cenlfe which was Ofganised and run by the charity Power21nspire Ilnclusion through Sportl. The morning focused on taking part in adapted games and sports and all the activities were especially designed lo b8 accessible and fun for everyone, old and young, with disabilities and none. sporty and not. Music The girls and boys of the Sl John's College Choir continue lo excel and the C1￿1T is regarded as one of the best in the country. In the School, about 60 concerts look place over the course of the year as well as carol services and class concerts and pupils continue lo achieve excellent results in music exams including al ABRSM Grade 8 level. As well as the 20 choristers of Sl John's College who Ihe Sehool educate, 6 pupils sing in Jesus College Choir (Cambridgel, 4 in the si Calharine'$ College Girls. Choir Icombrmlgel and 2 pupils are members of the National Youth Choirs of Greal Britain. Drama Every year group in the School performs a play ea¢h year. Highlights included Reception and Year 1 Nativity plays, Year 5's production of the musical 'Ralsl' Year 7's production of 'The Jungle Book. and Year 8's performance of the School's annual 'Passion Play . Art and DT Art and Design and Technology continue lo produce high standards as curriculum and co-curricular opportunities within the life of the School. Pupils enjoyed using Art lessons lo produce work for Ihe School's celebration of the King Coronation including adding tiles lo a 'living' wall. The School's subsidiary. SJCSI, has contributed to the above achievemenls by 9eneralin9 a trading surplus for donation lo the School as reported below. FINANCIAL REVIEW Results for the year The nel movement In funds in the year was £220k1£6.8m in 2022. including the transfer of net as5els fTOm the College of £5.4ml. The nel Income from charitable aclivilies in ihe year was £220k1£1.35m in 2022, excluding £5,4m related lo the transfer ol nel assels from Sl John's College). The School Irade¢J for Ihe 10 months period 10 30 June 2022 in the prior year,. the equivalent resull for a 12-monlh perio(J would have been a nel deficit of £109k. The comparator figures lor 2022 represent only 10 months. Worth ol Ifading since Ihe School commer￿0 operations as a separate legal enlily from Sl John's College on 10th September 2021 On Ihal dale of Iransfer from the College, the School entered into 8 30-year lease on the buildings and grounds. The lease has 3 12 months. termination notice period. A loan of £3.4m was also transferred lo the school. which is repayable over 15 years. Endowed funds The school's endowment consists of numerous individual grfls. legacies and grants given to the School over many years for specrfic purposes. A distinguishing feature of all these funds is the dofior's express requirement or implicit inlenlion that the funds shall not be spent immediately bul should be retained lor the medium or long term. Where the retention of capital is explicitly indicated and Ihere is no power lo exper)d capital as income, the capital is shown as permanent endowment, otherwise as expendable endowmenl. In bolh cases income arising is shown as restricted funds These funds are invested in the Sl John's College consolidaled Trusi Fund, which is a pooled portfolio of stocks and shares, and cash. These funds are controlled and managed by Ihe College. therefore the School does nol have any influence over the inveslmenl performance of Ihe funds. Page18

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2023 Reserves pollcy and financial viability The Governors recognise the need for prudent financial management of the School's borrowings and lo build reserves over lime. The School's F)olicy Is to build reserves lo a prudent level, considering Ihe need lo maintain the School sile and fund future capital expenditure. all the while relaining sufficient unrestricted income reserves lo enable the School lo continue lo meet ils shorl-term financial obligations in the event of an unexpected revenue shortfall. As al the end of June 2023. Ihe lolal funds ol Ihe School were £7.Om which comprised Endowed funds of £1.4m, Reslricled funds of £0 lm and Unreslricled funds of £5.5m. The Unreslricled funds comprised designated funds, including fixed assets of £7.5m. offset by a General Reserve deficit of1£2.Oml. The deficil in General reserves has reduced by £0.5m Sin￿ 30 June 2022, and il is the Governing Body's intention lo conlinue lo reduce the General Reserve5 deficit over lime. The school continues lo remain In a healthy cash position. wilh £2.Om of cash and cash equivalents al 30 June 2023. There is close monitoring of cash and working capilal position against cash flow forecasts. Following the review of the of these forecasts for the period lo 31 December 2024. governors are salisfieij that there are no material uncerlainlies surrounding the School's ability lo conlinue as a going concem. PRINCIPAL RISKS AND UNCERTAINTIES The major risks lo which the Sehool mighl be exposed are regularly considered by the Senior Management Team and the Governing Body Ihrough review ol the risk regislei Where appropriate, sleps are taken lo miligale identified risks and. if appropriate. lo insure again51 the polenlial financial impacl of the residual risks The Governors consider that the necessary steps have been taken and conlinue lo be taken lo idenlfy and miligale major risks. The principal risks that the School faces are.. The impact of the economy on parents. ability lo pay fees. and olher pressure5 on cash flow leading lo a reduction in pupil numbers. Carelul review and selling ol fees and remuneialion annually lakes into consideration the wider economic picture. The ifflpael of pos51ble fulure changes lo existing charilable exemptions (VAT. corporation lax. loss of mandatory business rale relief). The Governing Body considers future changes in ils regular review ol the finances, including modelling ol worsl.case scenarios Retention and recfuilmenl of qualily slaff in Ihe context of a national sIK￿age of teachers. The School undertakes regular reviews ol ils slaff, including Iheir well.being, arKI maintains an understanding of teachers, views through regular professional development meetings. The impael of a loss of infraslruclure, whether that be a¢cess lo buildings le.g. fifel or a loss of IT systems, including by a cyber-allack. The School underlakes regular loufs of Inspection of Ils sile Including seeking atlvice from external professionals and reviews Its IT syslems including Ils vulnerability to cyber-allacks. Detailed consideration of r15k is delegated lo the Finance and General Purposes Subcommitlee, which reports formally lo the Governing Body each aulumn The structure of the Subcommillee comprises at leasl Ihree members of the Governing Body. assisted by Senior Management. The risk managemenl process and the resulting Report idenlilies risks, assesses their Impact and likelihood an¢J, where necessary, recommends controls lo miligale and monitor Ihoso risks that afe assessed as high. generic controls used by Ihe School lo minimise risk include.. detailed terms of reference together with formal agendas for Subcommrtlee and Governing Body aclivily,. strategic development planning, reviewed by Ihe Governing Body,. comprehensive budgeting and management accounting., established organisalional slructures and lines ol reporting., formal wrillen policies including clear aulhorisalion and approval levels,. velling procedures as required by law for the proleelion of the vulnerable. The Governors regularly review the effecliveness of current plans and strategies for managing all identified major risks for both the School and ils subsidiary_ Page19

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2023 FUTURE PLANS The School's current Strategic Plan was agreed by the Govemors in June 2022 and is subject lo an annual review by the Governors. The primary fulure plans for the School are sel out in Ihe core elemenls of the Strategic Plan. These are outlined in the strategies to achieve the primary objectives on page 6 above. As slated. Ihe Governing Body agreed that any major initiatives would be considere(l over Ihe four-year period 2022 to 2026, subject to available funding In addition lo continuing lo strengthen and develop the School's oulslanding pasloral care and high standard of leaching and learning, the Governing Body has idenlrfie¢J seven main areas lo meet their primary objectives.. Marketlng: a focus on markeling in the medium term is require(1 lo give the SclK>oI greater control over pupil numbers by reducing as much uncertainly as possible In Ihe admissions process and increasing enquiries. Bursaries.. Governors are commilled lo improving accessibility through building an endowment lo finance bursar1es in the future. This endowment is lo be buill through fundraising. Diversity, Inclusion and Equlty". The School 1$ commilled lo being as diverse, inclusive and equitable as Possible In all it undertakes Environmèntal suslainability". The School is ComM￿e¢l to being as environmenlally suslainable as possible and will work lo build a strategy lo meet Ihis aim in the short term. Partnershlp and outroach". The School is already commilled to partnership and oulreaeh work which il wishes lo expand, particularly in the local community. Facilities.. The Governors wish lo ensure that Ihe lacililies remain a5 good as possible lo help deliver a high standard of education There Is a pressing need to iebuild or refurbish the swimming pool and the cosl will be met through fundraising. Relationship wlth St John's Colle9e". the good relationship wilh Si John's College is fundamental lo the School succeeding ané achieving ils aims and objectives. The main strategic focus for the 2023 - 2024 academic year, along with continuing lo slrenglhen the sch(iol s pastoral are and leaching and learning. will be fun(Jraising lof bursaries, movin9 lorward with a plan for environmental suslainabilily and increasing the partnership and oulreach provision. Fundraising As al 30 June 2023. the school has no disclosures lo make surrounding the Fundraising reouiremenls brought in by the Charities (Proleclion and Social Inveslmenll Acl 2016. Page110

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2023 STATEMENT OF ACCOUNTING AND REPORTING RESPONSIBILITIES The members of the Governing Body (who are also the di¥eclors of Sl John's College School, Cambridge for the purposes of company lawl are responsible for preparing Ihe Annual Report and Ihe financial slalemenls with applicable law and United King(Jom Generally Accepted Accounting Practice (United Kingdom Accounting Standards). Company law req¢Jires the Governing Body lo prepare financial slalemenls for each financial year. Under that law the Governing Body are required lo prepare the financial slalemenls in accordance ￿th United Kingdom Generally Accepted Accounting Practice and applicable law. Company law requires the members of the Goveming Body lo prepare financial slalemenls for each linancial year. Under company law the Governing Body members musl not approve the finaneial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and the group and of the incoming resources and application of resources. including Ihe income and expenditure, of the charitable group for that year. In preparing these financial slalemenls. the Governing Body members are required to.. select the most appropriale accounting policies and then apply them consislenlly.. observe the methods and principles in the Charities SORP.. make judgments and accounting eslimales Ihal are reasonable 8nd prudent., slate whether applicable Accounting Slandards have been followed. subiecl lo any material departures disclosed and explained in Ihe financial slalemenls., and prepare the financial slalemenls on the going concern basts unless il is inappropriate to Pfesume that the ehari18ble company will continue in business. The members ol the Governing Body are responsible for keeping adequate accounlin9 records that are sufficient lo show and explain the charitable company's Iransaclions. disclose with reasonable accuracy al any lime the financial Position of the charitable company and enable them lo ensure that the financi81 statements comply with the Companies Act 2006 and Ihe provisions of Ihe charity's conslilulion. They are also responsible fof safeguarding the assets of Ihe charity and the group and hence for taking reasonable steps lor Ihe prevention and detection of fraud and other Irregularities. Relevant audlt Informatlon Insofar as each of the Governors, as directors of Ihe charitable company. al the dale of approval of this report is aware there is no relevant audit information Iinformalion needed by Ihe company's auditor in conneclion with prep£ring the audit report) of which the Company's auditor is unaware. Each member of the Governing Body has taken 811 the 51ep$ that he or she should have taken as a member of Ihe Governing Body In order lo make himself or herself aware ol the relevant audit information and lo establish that the company s auditor is aware of that information This Annual Report, induding the Slralegic Reporl. was approved by the Governing Body of the School on 14 November 2023including. in their capaeily as company directors. approving the Governors, Report and signed on ils behalf by., Lindsay Do Chair of Gov Body Pagel 11

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE OPINION We have audited the financial slatemenls of Sl John's College School. CambrKJ9e I'the chafilable company I for the year ended 30 June 2023 which comprise the Slalemenl of Financial Aclivilies. Charity Balance Sheet. Slalemenl of Cash Flows and notes lo the financial slalemenls. including significant accounting policies The financial reportin9 framework that has been applied in their preparation is appl&?ble law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporiing Siandard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the linancial slalemenls.. give a true and lair view of ihe slate of the charitable company's affairs as 8130 June 2023 and of the charitable company's income and receipts of endowments and expendilure. for the year then ended,. have been properly prepared in accordance with Uniled Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with Ihe requirements of the CoMpan￿S Acl 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on AudiliThJ IUKI IISAS IUKI} and applicable law. Our responsibilities under those standards are lurther described in the Auditor's responsibilities for Ihe audit of the financial slalemenls seclion of our reporl. We are independent of the charilable company in aC￿rdanCe with the ethical requirements that are relevanl lo our audit of the linancial sialemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with Ihese requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concgrn In auditing the financial slalemenls, we have conduded that Ihe Irustee's use of Ihe goin9 concern basis of accounting in the preparation of the financial slalemenls 15 appropriate. Based on the work we have performed. we have nol identrfied any material vncertainlies felaling lo events or conditions that, individually or collectively, may cast significanl doubl on Ihe charitable company's ability lo continue as a going concern for a period of al least Iwelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and Ihe responsibilit￿$ of the Irvslees with respect lo going ¢oncern are described in the relevanl sections of thi5 report. Oth•r InfomiatloD The Iruslees are responsible for the other information eonlained wrthin the annual report The other information comprises the informalion Included in Ihe annual report, other Ihan the financial slalement$ and our auéilor's report Ihereon. Our opinion on Ihe financial slalemenls does not cover the olher information and, except lo the exlenl otherwise explicitly slated in our report, we do not express any form of asSUra￿e concluS￿n Ihereon. Our responsibilily is lo rea(J the other information and, in doing so. consider whether the other informolion is materially inconsislenl with the financial slalemenls or our knovledge oblained in the audit or otherwise appears lo be materially misslaled. If we idenlfy such material inconsistencies Of apparent material misslalemenls. we are required lo determine whether this gives rise lo a material misstatement in the financial stalemenls themselves. If, based on the work we have performed, we conclude that the￿ is a material misslalemenl of this olher informalion. we are required lo reporl that fact. We have nothing lo report in this regard. Oplnlons on other matters prescribed by tho Companies Act 2006 In our opinion based on the work undertaken in the course ol our audil the informalion given in the Iruslees. report, which includes the directors. report prepared for the purpose5 of company law, lor the financial year for which the financial s181ements are prepared is consislenl with the financial slalements., and the direclofs. report included wlhin the Iruslees, report have been prepared in accordan￿ with applicable legal requirements. Page112

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE (continued) Matters on which we are required to report by exception In light ol the knowledge ané understanding of the charitable company and their environment obtained in the course of the audit, we have nol identified material misslalemenls in the directors reporl included within the Iruslees. report. We have nothing lo report in respect of the following mallers in relation lo which the Companies Act 2006 requires us lo reporl lo you if. in our Opin￿rI.. adequate and proper accounting records have ￿t been kept.. or the financial slalemenls are not In agreement wilh the accounting records and returns,. or certain disclosures ol Iruslees. remuneration specified by law are nol made.. Of we have not received all the information and explanalions we require for our audit. Responslbllltles of tfustèès As explained more fully in Ihe Iruslees, responsibilities slalement. the Iruslees (who are also the directors of the charitable company for the purposes of company lawl are responsible for Ihe preparation ol the financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as Ihe Iruslees determine Is necessary lo enable Ihe preparalion of financial slalemenls that are free from malerial misslalemenl, whelhe¥ due lo fraud or error. In preparing the financ￿1 slalemenls, the trustees are responsible fof assessing Ihe charitable company's ability lo continue as a going concern. disclosing, as applicable. matters related lo going concern and using the going concern basis of accounling unless the Iruslees either Intend to Iiquidale Ihe charitable company or lo ￿ase operations, or have no realistic allernalive bul lo do so. Audltor's responslbllltles for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial slalemenls as a whole are free ffom material misstalemenl, whelher due lo fraud or error. and lo issue an auditor's repK)rl that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guaranlee Ihal an audit conducted In accordance with ISAS IUKI will always delecl a material misslalemenl when il exisls. Misstalemenls can arise from fraud or error and are considered material If, Individually or In Ihe a9gregale. they could reasonably be expecled lo influence the economic decisions of users taken on the basis of these financial slalemenls. Details ol Ihe exlenl lo which the audit was considered capable of detecting Jrregularilies, including fraud and non- ompliance with laws and regulalions are sel out below. A further description ol Our responsibilities lor Ihe audit of the financial slalemenls is located on the Financial Reporting Council's website al.. www.frc.or .uklauditorsres nsibililies. This description forms parl of our audilor's report. Extent to which thg audit was considered capable of dotècting irrègularities, Includlng fraud Irre9ularilies, including fraud. are instances ol n0n-comp1iar￿e with laws and regulations. We Identified and assessed the risks of material misslalemenl ol the financial slalemenls from irregularilies. whelher due lo fraud or error, and discussed Ihese between our audit team members. We then designed ar)d performed audit procedures responsive lo those risks, including obtaining audit e¥￿ence sufficient and appropriale lo provide a basis for oui opinion. We obtained an understanding of the legal arKJ regulatory frameworks within which the charitable company operales, focusing on those laws and regulations that have a direct effect on Ihe delerminalion of material amounts and disclosures In the financial slalemenls. The laws and regulations we considered in this conlexl were the Companies Act 2006, legislalion. togelher with the Chariltes SORP IFRS 1021. We assessed the required Complian￿ with these laws and regulations as part of our audil procedures on the related financial statemenl ilems. In ad¢Yilion. we considered provisions of other laws and regulalions that do not have a direcl effecl on the financial 51alemenls bul compliance with which might be fundamental to Ihe charilable company's ability to operate or lo avoid a material penalty. We also considered the opportunities and Incentives that may exist within the charitable company for fraLJd. The laws and regulations we considered In this contexi for the UK operations were The Educalion Ilnéependenl School Standards) Regulations 2014. Page | 13

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE (continued) Audiling standards limit the required audit procedures to identrfy n0n40mpliar￿e with Ihese law5 and regulations lo enquiry of the Trustees and other management and inspeclK)n of regulalory and legal correspondence, if any. We identified the greatest risk of material impacl on the financial siatemenls from irregularilies, including fraud, lo be within the liming and recognit￿n of non-fee income, procurement processes for significant capital projects and the override of controls by management. Ouf audit procedures lo respond lo these risks included enquiries of management and the Finance and General Purposes Subcommittee aboul their own idenlrficalion and assessmenl of the risks of irregularilies, sample testing on the posting of journals, revTrewing accounting eslimales for biases, reviewing regulatory correspondence with the Charity Commissior), Independent Schtr)ls Inspeclorale. Ofsted and reading minules of meetings of those charged with governance. Owing lo the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misslalemenls in the financial slalemenls. even though we have properly planned and performed our audit in accordance with auditing standards. For example. the further removed non-compliance wilh laws arTrd regulations lirregulariliesl is from the events and transactions reflected in Ihe financial slalemenls, Ihe less likely the inherenlly limited procedures required by auditing standards would ￿entIfy il. In adiyilion. as wilh any audit, there remained a higher risk of non-deleclion of Irregularities. as these may Involve collusion, forgery, inlenllonal omissions, misrepresenlaltons, or the override ol inlernal controls We are nol lesponsi￿e for preventing non-compliance and cannot be expected lo delecl non-compliance with all laws and regUlat￿n$. Use of our report Thi5 report Is made solely lo the charitable company s members, as a body. in ac¢ordance with Chapter 3 of Part 16 of the Companies Acl 2006. Our audit work has been undertaken so that we might slate lo the charitable company's members those mallers we are required lo stale lo them In an auditor's report and for no other purpose. To Ihe fullest exlenl permitted by law. we do not accepl or assume re5ponsibilily lo anyone other than the charitable company and the charitable company s members as a body, fof our audit work. for this report, or for the opinions we have formed. Nicola May Senior Sialulory Auditor For and on behall ol Crowe U.K. LLP Slalulory Auditor London Dale: 23 November 2023 Page | 14

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023 Unreslricled Restricled Endowed funds funds Funds 2023 2023 2023 £'OLX) £'ooo Total Funds 2023 £'ooo Total Funds 2022 £'ooo Notes Income and endowments from- Charitable activitigs School lees receivable Ancillary trading income Other trading activities Non-ancillary trading income Investments Inveslmenl income Voluntary sources Transler of nel assets from college Donations and legacies 8.267 452 8,267 452 7,633 539 52 52 25 10 5,417 42 125 175 Total Income and endowments 8,846 125 8,980 13,675 Expondlturg on.. Ralslng funds Non-ancillary trading Other Income-generaling activities Financing cosls Inveslmenl management Fundraising and development 15 175 175 136 Total Expenditure on raising Funds 203 156 Charitable actlvitles Education and grant making 8,297 321 8,618 6,804 Total èxp•nditur• 8.493 321 8.821 6,960 Net Income l (deflcltl Irom operatlons 353 {1961 159 6,715 Gains on inveslmenl 10 61 61 Not income l {deficitl for the yeal 353 11961 63 220 6,773 Transfers between funds 15 1161 191 {301 Net movement in funds in the year 192 15} 33 220 6,773 Page | 15

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023 (Continued) Unrestricted Reslricled Endowed funds funds funds 2023 2023 2023 £'ooo £'ooo £'ooo Total funds 2023 £'ooo Total funds 2022 £'ooo Notes Net movemènt in funds in the year (brought forward) 192 Isi 33 220 Funé balances brought forward as al 1 July 2022 16 5,323 70 1.380 6.773 6,773 Fund balances carried forward as at 30 Jung 2023 16 5,515 65 1.413 6,993 6,773 Page116

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE BALANCE SHEET AS AT 30 JUNE 2023 Nottrs 2023 £'ooo 2022 £'ooo FIXED ASSETS Tangible assets Investments 7,442 1,413 7,763 1,407 10 8,855 9,170 CURRENT ASSETS Debtors Cash and deposits 338 1,991 2,329 272 1,504 1,776 CURRENT LIABILITIES Creditors payable within one year 12 1,096 897 NET CURRENT ASSETS 1.233 879 TOTAL ASSETS LESS CURRENT LIABILITIES 10,088 10.049 LONG-TERM LIABILITIES Creditors payable after one year 13 3.095 3,276 NET ASSETS 6,993 6.773 REPRESENTED BY.. ENDOWEO FUNDS RESTRICTED FUNDS UNRESTRICTED FUNDS Designated Reserve General Reserve 15 15 1,413 1,380 70 15 15 7,481 11,965) 7,802 2.4791 6,993 6.773 These financial slalemenls were approved and aulhonsed for issue by the Governing Body on 14 November 2023 and were signed on ils behalf by.. Lindsay Dods (Chairman of I overning Body) The notes on pages 20 10 37 form part of these financial slalemenls orlh Pagel 17

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 30 JUNE 2023 Notes 2023 £'ooo 2022 £'ooo Ngt cash outtlow from operations Nel cash provided by I lused inl operating activits.es 831 9,668 Cash flows from invèsting activiti88: Transfer of nel assets from College Payments for tangible fixed assels Transfer from College Payment for acquisition of investments Withdrawals from securities investments portfol Inveslmenl income and bank inleresl received 17,8761 {2161 {1.5301 {41 181 10 1771 {91 56 34 Net ¢ash lu¥od inl I provlded by investing actlvities 19,435} Cash Ilows from flnanclng acilvlile$'. New endowment Repayment of borrowing Finance costs paid 1,530 11231 (1361 11731 11751 Not cash provlded by flnancSng actlvities 13481 1,271 Change in cash and cash equivalenls In the reporling period 1,504 Cash and cash oqulvalants at the bgginning of perlod 1,$04 Cash and ¢a5h oqulvalents at the end of the reporting pèrlod 1.991 1,504 Page | 18

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 30 JUNE 2023 Reconciliation of net income to net ￿$h flow from operatlng activities 2023 £'ooo 2022 £'ooo Income from operatlons 159 6,715 Elimination of non-operaling cash flows.. Investment Income Endowment donations Finan￿ costs Investment management charges Depreciation charge Ilncreaselldecrease in debtors Increase in creditors lexcluding deposill Increase in fee in advance scheme creditor Increaselldecreasel In parents. deposils Not cash inflowl{outflow) from operations {341 1101 11,5301 137 175 399 1671 79 120 16) 831 329 (2721 4.015 280 9,668 Analysls of cash and cash equlvalenti 2023 £'ooo 2022 £'ooo Pelly Cash Cash al bank Deposits 14 1,553 424 1.191 305 1,504 1,991 Analysls of nel dobt 1 July 2022 £'ooo Cashflows 2023 £'ooo 30 June 2023 £'ooo Cash al bank Loans Nel debt 1.504 13.4511 11.947 487 174 661 1,991 13.2771 11,2861 Page | 19

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 {continued) CHARITY INFORMATION The School is 8 charitable company limited by guarantee (charity number 1194790, company numbef 133968771 and was incorporated in England on 14 May 2021 lo facililale the transfer of School assets from Si John's College lullimale parentl lo a separate legal entity. 11 is a Public Benefit Entity operating from lis registered office 75 Grange Road, Cambridge CB3 9AA. ACCOUNTING POLICIES Financlal statements and consolidation The financial slalemenls cover the year from 1 July 2022 10 30 June 2023, comparative information is presented for the period 10 September 2021 10 30 June 2022. The financial slalemen15 have been prepared on the historical cost basis of accounting, as modrfied by the revaluation ol inve51menl properties and olher inveslmenls. and In accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS1021, the Companies Acl 2006." the Charities SORP IFRS 1021 and the accounting policies set out below. Having reviewed the funding facilities available to the School logelher wilh the expected ongoing demand for places and the School's lulure pfojecled cash flows, the Governors have a reasonable expeclalion that the School has adequate fe50urces lo continue ils ac11vil￿S lor the Iofeseeable future and consider that there were no material uncerlainlies ovef the School's financial viabilily. Accordingly. Ihey a150 continue lo adopt the going concern basis in preparing Ihe financial slalements as outlined in th8 Slalemenl of Accounting and Reporting Responsibilities on page 11. Critlcal accounllng ludgoments and kgy sourc08 of èstimation Un￿rtaintY In the application ol the accounting policies. the Trustees are required lo make jud9emenls, eslimales, and assumplions about the cafrying value of assets and liabilities that are nol readily apparent from other sources. The eslimates and underlying assurnplions are based on historical experience and other factors Ihal are considered lo be relevant. Aclual results may differ from Ihese eslifflales. The eslimales and underlying assumplions are reviewed on an ongoin9 basis. Revisions lo accounting eslimales are recognised in Ihe period In which the eslimale is revised Il the revision affects only that period, or in the period of the revision and future Per￿1$ If Ihe revision affecled CUTrenl and lulure periods. In the view of Ihe Governors, no assumplDns concerning the future or eslimalion uncertainly affecting assets or liabilities al the balance sheel dale are likely 10 ￿sU11 in a material adiuslmenl lo Iheif carrying amounts In the next financial year. The following 8ccounling policies have been applied ¢onsistenlly in dealing with items which are considered material in relation lo the School's linancial slalemenls. School fees and slmilar earned income Fees feceivable and charges for services and use of the premises. less any allowances. scholarship5. bursaries granted by the School against those fees. bul including conlribulion¥ received from reslricled funds, are accounle¢J for in the period in which the services are provided. Investment income Dividend income is accounted for al the dale on which the Sch(￿ has enlillemenl lo Ihe dividends. Interest on bank balances and fixed inlerest securities is accounted for in the period in which Ihe interest is earned. Donations, legacies, grants and other voluntary in¢omg Voluntary income is accounted for as and when enlitlemenl arises. Ihe amount can be reliably ouanlified and the economic benefit lo the School is considered probable. Voluntary income fof Ihe College's general wrposes Is accounted fof as unreslricted and is credited lo Ihe General Reserve. Whefe through the lerms o13n appeal or from the donor there is a trust law reslriclion on the use of any voluntary if￿Orne, the I￿)me is credited lo the relevant restricled funds or endowmenl. Gifts in kind Page | 20

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) are valueé al eslimaled open market value at the dale ol gfft, In the case of assets for retention or consumption. or al the value lo the College In the case of donated serv￿$ or facilitie5. Expendlture Expenditure is accrued as soon as a liability is cOns￿ered probatAe. Expendilure altribulable lo more than one cost category in the Sialemenl of Financial Activities is apportioned lo Ihem on the basis of the eslimaled amount allribulable lo each aclivily in the year, either by reference lo staff lime or the use made of the underlying assets, as appropriate Irrecoverable VAT is included with the Item of expenditure lo which it relates. Investments Listed and alternative Inveslmenls are ieported al Ihe value reported by Si John's College al the balance sheet dale. For all Iisled and other inveslmenls where there is an active mafkel the investments are valued al their quoted market prices. Alternative investments where there is no active mafkel are valued base¢J on the nel asset values of the underlying assets published by Ihe fund managers 31 the balance sheel dale or, where necessary, al the nearest available valuation dale. Gains and losses arising on the revaluation ol investments are credited or charged to the Slalemenl of Financial Activities and are allocated lo the appropriate Fund according lo the -ownership. of the underlying assets. Investments in subsidiaries ar¢ valued al c051 less provision for impairment. Tangible fixed assets Expenditure on the acquisilK)n, eonslru¢lion or enhan¢ement of land and buildings costing more than £5,￿0 together with expenditure on vehicles. fuinilure. machinery. ICT infiaslruclure and other equipment costing moTe than £5.000 is Cap￿taIlSe￿ and carried in the balance sheet al historical cosl. Other expendilure on eouipmenl incurred in the normal day-lo-day running of Ihe College and its subsidiaries is charged lo the Slalemenl ol Financial Aclivilies as incurred. Depreciation Depreciation is provided lo wrile off the cost of all relevanl langibje fixed assels less their estimated residual Values based on current market prices In equal annual Inslalmenls over their expected useful economi¢ lives as follows.. Leasehold building improvements Computer equipmenl Other equipment 50 years 3 years 6 years 2.10 Fund accounting The charilable trust lunds of the School are accounled loi 8s unreslricled or reslricled income, or as endowmenl capital. in accordance with the terms of Irusl imposed by the donors or any appeal lo which they may have responded. Endowment funds are lurther sub-dwided into pemianenl and expendable. Unrestricted Income belongs lo the School's corporate reserves, spendable al the discretion ol the Governors either lo further the School's Obieels or to benefit Ihe School Itself. Where the Governors decide lo sel aside any part of these funés lo be used In future for some speerfic purpose. this Is accounted for by transfer lo the appropriate designated fund. Restricted income comprises gifts. legacies, grants or income from certain endowments as below where there is no capital relenliofi obligation or power but only a Irust law restriclion to some specific purpose Inlended by the donor. Permanent endowment represents specifFc gifts and donations Ihal have been received over lime and musl be maintained as part of Ihe endowmenl ol the School. The income arising on all capital lunds has been recorded In the Consolidated Siatemenl of Financial Aclivilies. Page | 21

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) Expendable endowment arises where a donor intends Ihe grft to be retained bul with the additional condition that all capital can be converted Into income spending either al the Governors. own discretion or else upon the happening of some event contemplated by the donor. 2.11 Operating leases Rentals undef operaling leases are charged on a slraight-line basis over the lease terrn, even if the payments are not made on such a basis. Benefits received and receivable as an incentive Io si9n an operating lease are similarly spread on a slraighl-line basis over Ihe lease term. 2.12 Financlal Instruments Basic financial instruments are initially recognised al Iransaclion value and subsequently measured al amorli5ed cost. Financial assets held al amortised cost comprise cash al bank and in hand, together with trade and olher debtors. A specific provision is made for debts for which recoverability is in doubl. Cash al bank and in hand is defined as all cash held in instant access bank aecounls and used as working capital. Financial liabilities held al amortised cost comprise all credilors except social security and other taxes and deferred income and provisions. Assets and liabilitie5 held in foreign currency are translated lo GBP al Ihe balance sheet dale al an appropriate year-end exchange rale. 2.13 Pension Co$ts The School makes payments lo defined contribution pension schemes for the benefit of employees. Contributions payable are charged lo the Stslemenl ol Financial Activities in the year lo which they relate. CHARITABLE ACTIVITIES- FEES RECEIVABLE 2023 £'ooo 2022 £'ooo Fees recelvablo conslst of: School fees Less.. lolal scholarships and bursaries 7,978 576 573 8,071 196 7,402 231 Add back.. 8ursaries and olhef award$ paid by restr￿ted lunds 8.267 7,633 Scholarships ané bursaries of £573k1£576k in 2022> was awarded. £378k1£345k In 20221 was paid as scholarships lo 20136 In 20221 choristers and £195k1£231 k in 20221 was paid lo 16 {18 in 20221 pupils as means-lesled bursaries. Page | 22

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) CHARITABLE ACTIVITIES- OTHER INCOME 2023 £'ooo 2022 £'ooo Day Boarding and Temporary Boarding Leavers, Programme Sports Coaching Late Wailing charge School Bus Pupils trip Funds Slringmoves. Music lessons and instrument charges Other Registration Fee$ 49 57 32 59 20 70 25 205 84 40 78 21 149 59 17 452 539 OTHER TRADING ACTIVITIES 2023 £'ooo 2022 £'ooo Trading income Lellings 52 34 INVESTMENT INCOME Total 2023 £'ooo Total 2022 £'ooo Securlti03 invgstmenl Income: Income from Investments In Sl John's College Consolidaled Trust Fund 8ank and olher inleresl 25 10 Page123

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) ANALYSIS OF EXPENDITURE {al Total expenditure Staff costs Oeprecialion Inole 81 Inole 91 £'ooo £'ooo Oiher Total 2023 £'ooo Total 2022 £'ooo £'ooo Expenditure on ral8ing funds Trading costs Cost of other activities Financing cosls Investment and eslales managemenl 15 175 175 136 Total Expenditure on raising funds 201 203 156 Charitable expenditure Educatlon and grant maklng Teaching Welfare Premises repair and mainlenance Support costs and governance EHCP tosl Grants. awards and prizes Inole 7lbll 3,999 110 189 811 123 781 4,900 130 1,427 1.636 123 402 3,602 111 1,112 1,432 63 484 164 111 1.074 714 402 Total charilable expenditure 5.232 8,618 Tolal expended S.233 399 3.189 8,821 6,960 Grants. awards and Pflzes 2023 £'ooo 2022 £'ooo From Restricted Fund$: Bursaries and other grants and awards From Unrostricted Funds.. Bursaries 196 231 377 55 573 286 Page | 24

ST JOHN'S COLLEGE SCHOOL. CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) Governance included in support costs.. Remuneration paid lo auditor lor audil services Reimbursement of personal expenses lo Governors- Ifavel costs 30 21 32 21 Travel expenses of £2k were reclaimed by 4 members of the Governing Body. No other remuneration was paid lo members of the Governing Body in the year. In addition lo the above audil remuneralion. the aL￿110r received fees for the audil of SJCS International Limited lolalling £2,820. STAFF COSTS 2023 £'ooo 2022 £'ooo The aggregate payroll cosls lor Ihe year were as follows.. Wages and salaries Social securily costs Pension costs 4,289 387 557 3,437 309 440 5,233 4,186 Aggregate employee-benefils of key management personnel 638 582 2023 2022 Number of higher paid employees in bands of.. £60,001 10 £70,000 £70,001 10 £80.000 £80,001 10 £90.000 £90,001 10 £100.000 £110,001 10 £120,000 £120,00110 £130.000 The numbef with feliremenl benefrts accruing in Delined Contribution schemes was 1 $11141 in 20221, of which the contributions amounled lo £5641£440 in 20221 Pa9e125

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) The average number ol the School's employees during Ihe year was 166 {169 employees in 20221. The comparator figures for 2022 shown in the table below represent the Full-Time Equivalents, as presented in the prior year's Financial Stslements. 2023 2022 Teaching Welfare Premises Support Olhef activities 113 84 23 18 13 11 166 115 During the year Ihefe were redundancy or lerminalion paymenls made which amounted lo £6,000. There was £0 oulslanding al the year end. TANGIBLE FIXED ASSETS Group and Colleg• Leasehold Computer Other improvements Equipment Equipmenl £'oc £'ooo £'ooo Total £'ooo Cost Al 1 July 2022 Additions Disposals 7,481 12 415 49 8,092 77 16 AI 30 June 2023 7,493 464 212 8,169 Depreciation At 1 July 2022 Charge lor the year Disp05als 179 211 107 136 43 51 329 398 AI 30 June 2023 243 94 727 Nel book values At 30 June 2023 7,103 221 118 7,442 Al 1 July 2022 7.302 308 153 7,763 Page | 26

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) 10. INVESTMENTS 2023 £'ooo 2022 £'ooo Investments Al 1 July 2022 Transferred from College 30 June 2022 Additions Disposals Inveslrllenl costs increase in value of investments Investmènts at 30 Jun8 2023 1,407 1,530 157} 11811 141 58 1.407 61 1.413 Investment In subsidiaries School investrnenls at 30 June 2023 1.413 1,407 Investments compriso: Units In Sl John's College Consolidated TrLrsl Fund Investment in sub51diaries School Invostments 1,413 1,407 1.413 1,407 The Units in Si John's College Consolidated Trust Fund are held as nominee and managed for the School by Sl John's College. The School Is the benefKkg1 owner of the lunds. The School owns 100010 of the issued Sha￿ capital of SJCS International Limited (company no. 111228161, with a carrying value of £nil. 11. DEBTORS 2023 £'ooo 2022 £'ooo Fees and extras Trade Other debtors Prepaymenls TaK recoverable Amounts due from subsidiary cofflpanies 85 87 25 62 106 132 98 338 272 Page | 27

ST JOHN'S COLLEGE SCHOOL. CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £'ooo 2022 £'ooo Entry Fee deposit Loans Trade creditors Taxation and social security Other credilors Accruals Oeposil from parenls Deferred income - Fees received in advance of term 280 175 135 101 66 87 53 182 141 105 75 59 120 1,096 897 Delerred income represents s¢hool fees received in advance for the 2023124 school year and will be fully ulilised in the following yeaf 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 2022 £'ooo £'ooo Loans 3.095 3,276 The School has an oulslanding loan wlh the College. repayable over a 15-yeaf lem) wilh fixed interest of 5.160/0. Al 30 June 2023 the femaining ¢ommilmenls were as follows". 2023 £'ooo 2,266 637 192 182 2022 £'ooo 2,490 605 181 175 After five years Within two lo five years Within one lo two years Within one year 3,277 3,451 Page | 28

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) 14. FUNDS OF THE SCHOOL The School's funds are analysed under the following headings. 14.11 Endowed Funds 14.1al Special Trust endowments These consist of numerous individual grfts. legac￿$ and grants given to the school over many years for speeific purposes. A distinguishing fealLsre of all these special trusts Is the donor's express reouiremenl or implicit intention that the funds shall not be spenl immediately bul should be retained for the medium or long term. Where Ihe relenlion of capital is explicitly indicated and Ihefe is no power to expend capital as income, the capital is shown as perm3nenl endowment. otherwise as expendable endowment In both cases income arising is shown as reslricled funds. These funds are invested in Ihe Sl John's College consolidated Trust Fund, which is pooled portlolio of stocks and shares. and cash. The endowmenl funds are.. 14.1 bl Permanent endowmonts Cherry & King Funds Edtscat￿n & musul trainin9 of choristers in need of financial assistance Solely for the benefil of Choristers at Ihe school. For Ihe benefil of Choristers in need of financial assistance For the benefil of Chorislers in need of financial assistance Parents Of guardians not able lo pay s¢hod lees. Clock to Young chorislers NumefOUS individual gills lo éstablish prizes for pupils. Educalion & musical Iraining of pupils in need of financial assistance. Goodchild Fund Hackwood & Cope Funds Ead Fund Lulon Fund Slrasburger Fund Pupils Gifts funds Ince Fund 14.1cl Expendable endowments Bursary Fund Davies Fund Fuller Fund For parents in need of financial assistance For music and wider communily. not excluding pupils ol the school Solely lor the benefil of Chorislers 14.21 Reslricled Funds 14.2al Speclal Trust Funds These represent gifts, donations, legacies elc. received from exlernal donors for $pecrf￿ purposes bul where there Is no requirement lo preserve capital together with unspent income from certain endowments. Expendilure directly financed by such gifts is shown under restricled fijnds In addilion. unspenl balances accumulated on certain en¢Jowmenl funds are held as reslricled funds. School Bursary Fund For paren15 In need of financial assistance Children's PSHE Fund For the benefit of Aclion Aid UK Pupils gifts lunds Cherry & King Funds Numerous individual gifts lo establish prizes for pupils Educalbon & musical training of choristers in need of financial ass151ance Solely for Ihe benefit of Chorislers Solely for the benefil of Chorislers at Ihe school. Education & musical training of pupils in need of financial assistance For the benefil of Choristers in need of financial assistance Fuller Fund Goodchild Fund Ince Fund Hackwood & Cope Funds Page | 29

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 {continued) EHCP grant Grant's lo improve the quality of a chil¢Yren's learning experience 14.3} Tangible Fixed Assets Funds Inslrurnenl Fund For music inslrumenl for the benefit ol the pupils in the school and the wider communily Numerous individual gffts lo esiablish prizes for pupils. For music and wider communily, nol excluding pupils of the school Pupils trip Fund Slringmoves Fund 15. MOVEMENTS ON MAJOR FUNDS All July 2022 At30 June 2023 £'ooo Gainsl Ilossesl £'ooo Income £'ooo Expendilure Transfers £'ooo Endowed Permanènt Cherry & King Funds Goodchild Fund Hackwood & Cope Funds Ince Fund Prizes Funds Earl Fund Lulon Fund Slrasburger Fund Total Pemiangnt 71 75 109 16 114 17 183 126 331 111 191 130 346 116 14 141 40 991 Bursary Fund Davies Fund Fuller Fund Total Expendable 157 (1) (2 {31 164 252 422 1301 1301 431 21 Total Endowmenl 1,380 {71 1301 61 1.413 Page | 30

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) A11 July 2022 Income Expendrture £'ooo £'ooo At30 June 2023 £'ooo Gainsl Transfer Ilossesl £'ooo £'ooo Restricted funds Bursary, Scholarship & Outreach Fund Fuller fund Pupils grfls funds Cherry & King Fur￿$ Goodchild Fund Earl Fund Lulon Fund Davies Fund Prizes Funds EHCP Grant & donations 11611 161 1351 25 25 (11 {125) 19 125 70 125 13221 191 64 Deslgnated funds: Tangible Fixed Assets Instrument Fund Pupils Irip funds Slrin9moves Fund Total designated fvnds General reserve 7.763 78 13991 7,442 150 1150) 27 7.802 12,479} 27 7,481 11,9651 235 8,611 15561 17,936) {1611 Total unrestricted Funds 5.323 8.846 18.4921 11611 5,516 Total Funds 6,773 8,980 18.821 } 61 6,993 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Endowed Restrictgd Unrestricted 30 1July 2022 Total £'ooo June 2023 Total £'ooo £'ooo £'ooo £'ooo Tangible lixed assets Investments Nel current assets Long term Iiabililies Total Funds 7,442 7.442 1,413 1,169 1.233 13,0951 {3,0951 7.763 1,406 879 13,2761 1,413 1.413 5.516 6.993 6.773 Page | 31

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) 17. OPERATING LEASE COMMITMENTS The School has a lease 89reemenl of 30 years with the College and a tem)inalion notice period of 12-monlh. The operating lease (land and buildings} commitments as al 30 June 2023 are as follows.. 2023 £'ooo 2022 £'ooo Within one year 407 442 407 18. SUBSIDIARIES AND RELATED PAR￿ TRANSACTIONS Sl John's College The School is a 1000/0 subsidiary of Sl John's College (Charity number-. 11374281. During Ihe year, the Sehool paid renl and other adminislralive charges lolalling £465k and interest of £175k lo the College The School also ma(Je loan repayments of £173k in the year lo the College. Al 30 June 2023. the school had an oulslanding loan balance due lo the College of £3.1m. The College paid school fees and additional cosls rela11ng lo the Choristers of £509k lo the School. SJCS Inlgrnotional Llmltod The School owns 100'h of Ihe issued share capital of SJCS Inlernalional Limited (company no. 111228161 SJCS International Limiled I"SJCSI'I was sel up by Sl John's College In 2017 as 8 company limited by shares. The primary purpose ol SJCSI is lo licence Ihe intellectual property of the School lo a partner in China In return for a fee with the aim ol selling up nurseries overseas in the School's name. The annual laxable profits of SJCSI are donated lo the School under the Gift Aid scheme. The results of SJCSI ale not consolidated Into these financial slalemenls as Ihe School ilsell 15 Ilsell a subsidiary ol a larger group. Sl John's College. The results of SJCSI are IheTefore consolidated in the results of Sl John's College as ullimale parent of the Group. SJCSI had a turnover of £76k (2022 - £102kl, gr0$5 profil of £76k12022 . £102kl and a profil before lax and gift aid of £29k in the year ended 30 June 202312022 - £63kl. Al 30 Jun 2023 the company had net assets of £1 12022 - nel liabilit￿5 of £21 kl. The School charged £13k lo SJCSI lor the provision of staff and Ihe admbnislralive seNices. The balance owing from SJCSI lo the School as al 30 June 2023 was £137k. Gfft aid of £28k was paid to the School in 202312022 £42kl. Other related party transactions One Governor received £1 k from the school as remuneration for the appraisal of Ihe headmaslef12022." Nill. No other related party Iransactions have been incurred In the year Page | 32

ST JOHN'S COLLEGE SCHOOL. CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) 19. PENSION SCHEMES IAPS Cash Benefit and Lrfe Assurance Scheme The IAPS Cash Benefit and Life Assurance Scheme is a group personal pension scheme of a defined contribution nature. The pension charge for the year includes contributions payable lo the IAPS scheme of £70k and al the year-erid £0 was accrued in respect of conlribulK)ns lo this scheme. APTIS Pension Scheme The APTIS Cash Benefit Scheme is a group personal pension scheme of a defined contribution nature. The scheme is a defined contribution scheme fof teachers. The school contribute 16.480/0 of gross salary lor those ir? the scheme. All staff are eli9ible. unless declined by Ihe underwriters. Members contribute a minimum of 5.0°/.. The pension charge for the year indudes contributions payable lo APTIS of £487k. 21. CONTROL On 10 September 2021. the aclivrties of the school were transferred from Sl John's College into a company limited by guarantee, Sl John's Cdlege Schwl. Cambridge which Is a separately registered charity. The College is the sole member of the company and Ihe School Governors are the directors and the charity Iiuslees. The nel assets of the school, Including reslricled and endowment lunds with reslricled purposes for the school. were also transferred lo the School on 10 September 2021 The fair value of the assets transferred wa5 £5,416k and this was recorded as expendilure in the College Slalemenl ol Comprehensive Income. Sl John's College, registered charity number 1137428. is considered lo be Ihe ultimate parent of Ihe Si John's College Group and the results ol the School are consolidated within the Group financial slalemenls. The Group financial statements are available from the College's regislered office al Sl John's College, Si John's Sireel, Cambrid9e C82 1TP. Page | 33

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) 22. STATEMENT OF FINANCIAL ACTIVITIES- PRIOR YEAR unrestr￿ed Restricted Endowed Funds Funds funds £'ooo 2022 Total £'ooo Income and endowments frorn: Charitable aclivities School fees receivable Ancillary trading income Othgr trading activitles Non-8ncillary trading Income Investments Investment income Voluntary sourc•s Transfer of nel assets from College Donations an¢J legacies 7,633 539 7,633 539 10 3.798 42 89 1,530 5,417 42 Total inGom• and endowments 12,047 89 1.539 13,675 Expendlture on: Ralsing funds Non-ancillary trading Other income-generaling activities Financing costs Investment managemenl Fun(Jraising and development 10 136 10 136 Total ExpondltUfO on raising Funds 151 156 Charitable a¢livitles Education and grant making 6,573 231 6,804 Total expendltur• 6.724 231 6,960 Ngt income I Ideflcltl from opèratlon8 5.323 11421 1,534 6.715 Gains on investment Not Income l {deficlll for the year 5.323 1142 1,592 6,773 Transfers between funds 212 12121 Net movement in funds in the year 5,323 70 1,380 6,773 Page | 34

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (continued) Unreslricled Restricted Funds Funds £'ooo £'ooo Endowed funds £'ooo 2022 Total £'ooo Net movement In funds in the year (brought forward} 5,323 70 1.380 6,773 Fund balances broughl forward as al 1 July Fund balanco$ carried forward as at 30 June 5.323 70 1,380 6,773 23. MOVEMENTS ON MAJOR FUNDS- PRIOR YEAR At 14 May At30 Juno Gainsl 1105ses 2021 Transfer from College £000 Income Expenditure Transfers 2022 £'ooo £'ooo £'ooo Endowed P8rrnangnt Cherry & King Funds Goodchild Fund Hackwood & Cope Funds Ince Fund Prizes Funds Eart Fund Lulon Fund Sirasburger Fund Total Permanent 69 71 109 16 15 141 183 126 331 111 121 318 107 12 916 13) 141 35 949 Endowed - Expendable Bursary Fund Davies Fund Fuller Fund Total Expendable 146 154 314 1147) 131 {58} {2081 157 268 431 614 {21 23 Total Endowment 1.530 12121 1.380 Page | 35

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 {continued) At Transfer 14 May from 2021 College £'OLK) £000 Income Expenditure Transfers Gainsl £'OOO Ilossesl £'o At30 June 2022 £'ooo £'o(KJ Restricted funds Bursary, Scholarship & Outreach Fund Fuller fund Pupils gifts funds Cherry & King Funds Goodchild Fund Earl Fund Lulon Fund Davies Fund PTizes Funds 18 11951 177 (321 32 25 25 131 21 20 89 (2311 212 70 Unrestricted funds Designated funds. Tangible Fixed Assets Inslrumenl Fund Pupils trip lunds Slringmoves Fund Tol81 design81ed funds General reserve 7,763 7,763 {8 1198 (491_ {2551 151 74 7,839 209 27 7,802 218 14,041) 8,031 16.469} 12,4791 Total unrestricied Funds 3.798 8,249 16.724) 5,323 Total Funds 5,417 8,258 16,9601 58 ,773 Page136

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 20231continued) 24. ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Endowed Restricted Unrestrlcted At30 June 2022 £'ooo £'ooo £'ooo £'ooo Tangible fixed assets Investments Nel currenl assets Long term liabilities Total Fund¥ 7.763 7,763 1,407 879 13,2761 1.407 43 836 13,2761 1,407 43 5.323 6,773 Page | 37