2024-06-30-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 2024

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 Balance Sheet Statement of Cash Flows Notes to the Financial Statements 3-11 12 13-15 16-17 18 19-20 21-37

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE GOVERNORS, OFFICERS AND ADVISERS YEAR ENDED 30 June 2024 GOVERNORS, DIRECTORS AND CHARITY TRUSTEES The Governors of Sl John's College School l.the School'l are the School's charity Iruslees under charity law and the directors of the charitable company. The slarl of the Governors. terms, as noted, is the date they become directors of the company, bul their term for compliance purposes is the dale al which they were appointed Governors of the school in its previous legal form. The members of the Governing Body who served in office as Governors during the year and subsequently are detailed below.. Appointed Started 111 {21 131 Lindsay Dodsworth Ichairl 13 September 2021 13 September 2021 Paul Taylor (Vice-chair and Chair of Education & Welfare commilleel 14 May 2021 September 2017 '. Professor Deborah Howard September 2015 14 May 2021, resigned 10 July i Patrick Blakesley '. Gordon Cameron (Chair of '. Finance & General PLJrposes commilteel Jonathan Cumming Darren Jordan Ichair of Nominations committee) '. Henry Price (Governor responsible for Safeguarding} Dipika Shah i September 2018 14 May 2021 16 August 2022 16 August 2022 116 August 2022 16 August 2022 16 August 2022 16 August 2022 2 December 2022 2 December 2022 16 August 2022 16 August 2022 '. Professor Tuomas Knowles 17JLsne 2024 17June 2024 Stephen Taylor 17June 2024 17June 2024 Alessandro Loria (Company Secretary) 1 June 2024 1 June 2024 Elizabeth Searle 1 September 2023 1 September 2023, resigned 10 September 2024 14 May 2021, resigned 31 August 2023 14 May 2021, resigned 31 August 2023 Richard Murray September 2014 Dr. Dean While September 2019, Agnes Chiano (Company Secretary) 1 August 2022 1 August 2022, resigned 1 June 2024 Finance and General Purposes Committee 121 Education & Welfare Committee 131 Nominations Committee The work of the Governing Body is supported by the above commillees. Each of the commillees, which are not ecision-making bodies, have wrillen terms of reference that detail their authority and duties. Page11

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE GOVERNORS, OFFICERS AND ADVISERS (continued) YEAR ENDED 30 JUNE 2024 Senlor management team Neil Chippinglon Allhea Pipe Alex Loria Head Deputy Head and Head of Byron House Direclor of Operations (appointed Comp8ny Secretary l June 2024) Direclor of Studies Tristan Igglesden Jude Worthinglon Lisa Bedford Deputy Head (Byron House) Assistant Head Pastoral (Senior House) Principal address and Registered Office St. John's College School 73 Grange Road Cambridge CB3 9AB Solicitors Ashtons Legal Chequers House 77-81 Newmarket Rd Cambridge CB5 8EU Auditors Crowe U.K. LLP 55 Ludgale Hill London, EC4M 7JW Bankers Barclays Bank plc Benel Slreel Branch P.0. Box 2 Cambridge, CB2 3PZ Website www.sjcs.co.uk Page12

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2024 The members of Sl John's College School. Cambridge's Governing Body present for the year ended 30 June 2024 their Annual Report under the Ch8rilies Act 2011. incorporating the Directors. and Strategic Reports under the Companies Ael 2006, together with the audited financial statements of the School. REFERENCE AND ADMINISTRATIVE INFORMATION St John's College School traces ils roots to the 17th Century when il was founded by Sl John's College for the education of the Choristers of the College Choir. The Choristers continue lo be educated in a school of approximately 440 boys and girls aged 4-13. Sl John's College School Cambridge moved lo ils present location in one of the most allraclive parts of 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 Charity No. 1194790 on 14 June 2021. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documents The School is goveTned by ils Memorandum of Association and Articles of Association last amended on 14 May 2021. Governing Body The Governing Body is self-appoinling, and comprises no fewer than five and not 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 the Governors and the executive officers based on the candidates. professional qualities. experience, personal competence and local availability. During the year, the Governing Body undertook a process together with Odgers Bernstein lo seek a new Head for the school with the appointment lo be effective from September 2025. The appointment of Sarah Wright to replace Neil Chippinglon was approved al the Governing Body Meeting on 26 June 2024. The Governing Body is continuing lo work with the Head anLI Senior Management Team lo facililale a smooth leadership Iransilion. Recruitment and training of Governors Governors are recruited through an independent process led by the Nominations Committee with the objective of creating a Board with diversity of knowledge and experience among the Governors. New Governors are inducted into the workings of the School. including Governing Body policy and procedures, by the Head and Director of Operations. The new Governors undertake training on the role and responsibilities of charity Iruslees. Members of the Governing Body allend external Iruslee training and information courses designed lo keep them informed and updated on current issues in the sector and regulatory requirements. Organisational management The fflembers of the Governing Body, as the charity Iruslees, are legally responsible for the overall management and control of the School. They meet three limes a year. The Governing Body has established three commillees, the Education & Welfare Committee, the Finance & General Purposes Committee 2nd the Nominations Committee. All the commillees have wrillen terms of reference which detail their authority and duties. The Finance and General Purposes Committee lakes delegated responsibility on behalf of the Governing Body lo provide overview and scrutiny of the work of the Executive in the areas of Finance and Health and Safety. This includes acting as a sounding board for new inilialives and the on-going monitoring and review of policies and practice in these areas, and making recommendations as appropriate lo the Governors. This committee also supervises and finalises the Page13

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2024 audited financial slalemenls and annual report for approval by the Governing Body. The Finance and General Purposes Committee is chaired by Gordon Cameron. The Education & Welfare Committee lakes delegated responsibility on behalf of the Governing Body lo provide overview and scrutiny of the work of the Executive in the areas of Education lacademic, co-curricular and pastoral} and Welfare {including Safeguarding). This ¢ommillee is chaired by Paul Taylor. The Nominations Committee lakes delegated responsibility on behalf of the Governing Body lo recruit new Governors and ensure the Governing Body is composed of suitably qualrfied and experienced individuals. This committee makes recommendation as appropriate lo the Governing Body and is chaired by Darren Jordan. The day-lo-day running of the School is deleg8led lo the Head. He is supported by the Senior Management Team and together this group make up the key management personnel (see page 21. The Head allends all meetings of the Governing Body s Commillees, as does the Chair of Governors. Remuneration for the Head is sel by the Governing Body, as well as the yearly salary review for all staff. The policy objective is lo provide appropriate incentives lo encourage enhanced performance and reward fairly and responsibly individual contributions lo the School's success. The appropriateness and relevance of the remuneration po1￿cY is reviewed annually, including reference lo comparisons with other independent schools, lo ensure that the School remains sensitive lo the broader issues of pay and employment conditions elsewhere. Delivery of the School's charitable vision and purpose is primarily dependent on its key man2gemenl personnel and staff costs are the largest single element of ils charitable expenditure. Group structure and relationships SJCS International Limited 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 to Sl John's College School in 2021. The primary purpose of SJCSI is lo Iicence the intellectual property of the School lo a partner in China in return for a fee with the aim of selling up nurseries overseas In the School's name. The annual taxable profits of SJCSI are donated lo the School under the Gift Alé scheme. The results of SJCSI are not consolidated into these financial slalemenls as the School is itself a subsidiary of a larger group, Sl John's College. The results of SJCSI are therefore Gon501idaled into Ihe resulls of Sl John's College as ultimate parent of the Group. St John's College On 10 September 2021, the activities of the School were transferred from Si John's College into a company limited by guarantee, Sl John's College School, Cambrid9e which is a separately registered charity. The College is the sole rnember of Ihe Company and the School Governors are the directors and the Charity Iruslees. The nel assets of the School, including reslricled and endowment funds with reslricled purposes for the School. were also transferred lo the School on 10 September 2021. The fair value of the assets transferred was £5,416k and this was recorded as expenditure in the College Statement of Comprehensive In¢ome on that dale. On that dale of transfer from the College, the School entered into a 30-year lease on the buildings and grounds. The lease has a 12 months, lerminalion notice period. A loan of £3.4m was also transferred to the school, which is repayable over 15 years. £3.1 m of the loan remains oulslanding. Page14

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2024 OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES Charitable Objects The School's Object, as sel out in the Articles of Association, is lo promote anij provide for the advancement of education of pupils of any age. Iri furtherance of this Object for the public benefit the School has established and administers bursaries and engages in partnership and outreach aclivilies. Aims and Ethos Sl John's College School is a caring ¢ommunity that aims lo provide an outstanding education lo boys and girls aged 4 -13. 11 aims lo foster the aptitudes and nurture the growth of each child lo enable them lo become their best selves in the fullest sense. Respect for children, faith in children and an ability lo see the world through their eyes informs ils leaching and ils care. Pastoral Care and Wellbeing The School believes that emotion81 and social wellbeing, self-awareness and confidence are inextricably linked with academic progress. Creativity The School encourages children lo become independent, creative leamers and critical thinkers, equipped with the skills lo collaborate, Problem-solve, self-reftecl and adapt. Academic Excellence The School aims to offer an outstanding education through a rich and broad curriculum which enables children lo reach the highest levels of a118inmenl supported by the very best quality of leaching, premises and resources. Community The School encourages children lo have a generosity of spirit and compassion in a global society and lo embody the values of love, honesty, kindness, respect, service and trust in their community and beyond. Intended impact Within its charitable Objects, the School's intention is lo provide a firsl-class holistic education through a focus on nurturing children and their wellbeing alongside strong academic luilion. This includes developing broader skills that enable every pupil lo realise his or her potential lo the full. This involves emphasis on the ¢o-curriculum through cerebral, sporting, artistic, team building and social skills. This policy builds self-confidence and life skills in ils pupils and inculcates a desire lo learn and a willingness lo contribute to the wider community whilst al school and in later life. Strategic Report The School's principal object. as specified in the Articles of Association, is the advancement of education and, in this respect, the School has had a successful year. The School averaged 435 pupils of whom 414 were day pupils. Interest in the school and applications remain positive, giving confidence that the School can continue lo operate with a healthy number of pupils for the foreseeable future. This success is a resL*II of the resolve lo maintain the high standards of pastoral care and academic luilion for which the School is known. Page15

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2024 Aims The School's aims are.. lo establish the school as a predominantly day school, working lo routines based on some boarding principles. in which there are strong and active partnerships between parents, the local community and Sl John's College, whose choristers the School educates., lo offer all pupils a range of opportunities and a broad curriculum so that they can achieve lo the best of their ability within a frafnework of shared values and standards-, and to value and nurture pupils as individuals, giving them a sense of their own self-worth and of the value of service lo others. thus preparing them for life beyor*d school. Primary objectives The primary objectives of the School to fulfil these aims are.. to provide a happy, secure and nurturing environment in which pupils can learn to be their best selves and to live together and thus foster a sense of community, co-educalion, respect 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 the opportunity lo lake advantage of 8 breadth of co-curricular activities in order lo develop positively all aspects of their character., to provide pupils with the opportunity lo take decisions based on their own judgment and lo communicate those decisions appropriately and effeclwely., to Provide financial support lo enable children whose parents are unaL)le to afford the full fees lo benefit from the School's education.. lo provide a clear, simple and effective management structure capable of making timely decisions and allocating necessary resources appropriately", and to provide the necessary aijminislralive and logistic framework lo meet the needs of members of staff and pupils alike. The aims and objectives sel for the School's subsidiary, SJCS International, are to facilitate the achievement of the School's aims and objectives as above. Strategies 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 continuing to slTenglhen the School's pastoral care and leaching and learning, the Governing Body have identified seven main areas lo meet their primary objectives.. Marketing.. a focus on marketing in the medium term is required lo give the School greater control over pupil numbers by reducing as much uncertainly as possible in the admissions process and increasing enquiries. ursaries.. Governors are commilled lo improving aC￿SSIbilitY through building 2n endowment lo finance bursarie5 in the future. This endowment is lo be built through fundraising. Diversity, Inclusion and Equity.. The School is committed to being as diverse, inclusive and equitable as possible in all il undertakes. Environmental sustainability.. The School is committed lo being as environmentally sustainable as possible and will work lo build a strategy lo meet this aim in the short term. Partnership and outreach.. The School is already committed lo partnership and outreach work which il wishes to expand, particularly in the local community. Facilities.. The Governors wish lo ensure that the facilities remain al the level required lo help deliver a high standard of education. Relationship with St John's Collegg.. the good relationship with Sl John's College is fundamenta1 to the School succeeding and achieving ils aims and objectives. Page16

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2024 During the 2023 - 2024 academic year, the School focused on.. Marketing, by updating the School's website and insligaling several marketing inilialives. These inilialives aim lo meet the objective of ensuring a robust pupil roll in a changing market, Bursaries, by laying the foundation for a fundraising campaign for a Bursary Endowment Funé, including selling up a steering committee which reports lo the Governors, and appointing a Development Director. These plans aim lo meet the objective of Improving accessibility lo a Si John's College School education for those who would not be able lo afford il wilhoul financial assislarice., Diversity, Inclusion and Equity, through continued work undertaken by a steering committee looking al uniform, the curriculum and staff training in particular. The School has worked to embed further a cullufe of diversity, inclusion and equity,. Environmental sustainability. through continued work undertaken by a steering committee including taking note of pupils. views and appointing a firm lo undertake a feasibility study into the School's energy use. The School remains commilled lo a decarbonisalion agenda 2nd being as environmentally sustainable as possible,. Partnership and oulreach. by continuing lo work with local Schools in the areas of drama ané the Sl John's College School Emotions For Learning programme in particular. This has continued the School's aim lo be involved in ils local community. The School conlinued lo invest in ils facilities during the year and the good relationship with St John's College is continued Ihrough lermly meetings between the Head and Chair of Governors with the College's Master and Senior Bursar. Public benefit The Governors are mindful of the long-standing need lo provide public benefit and of the requirements of the Charities Act 2011 and, in selling the School aims and objectives and planning the School's activities, the Governors have considered the Charity Commission's gLJidance on public benefit. The School actively supports the allainmenl of the highest standards of education through rigorous and continuous evaluation of quality and performance, the application of best practice and a widespread desire to improve standards. The School cooperates with local charities and educational bodies in ils ongoing endeavours lo widen public access lo the schooling il provides, to optimise the use of ils cultural and sporting facilities and lo awaken in its pupils an awareness of the social context of the all-round education they receive al the School. The School remains commilled lo the aim of providing public benefit in accordance with ils founding principles. Charity legislation includes a requirement lo demonslrale that p(Jblic benefit for any charitable purpose where il had hitherto been presumed in the absence of evidence lo the contrary. This calls in turn for commensurate disclosure of ils public benefit aims. The awarding of bursaries for those that might otherwise not be able lo allend the School, or where families might need lo withdraw their chiliSren from the School, for financial reasons is a measurable means of providing public benefit. The Governors lake the view Ihal bursaries awarded lo those who would not otherwise be able lo afford the fees are important, bul not to the exclusion of the much wider benefit th81 the School provides within the community. Those pupils who allend the sch(iol and who receive financial support contribute lo the school community in a variety of ways, and so the benefit Is not purely lo these pupils bul lo the whole School and, in some cases, lo the wider community. This year 31 pupils136 in 20231 were awarded bursaries and scholarships lolalling £622k1£573k in 20231. Within this. means- lesled awards based on financial circumstances lolalling £162k1£195k in 20231 were awarded by the School lo 11 pupils116 in 2023), including three for full fees111 in 2023}, In addition lo bursaries, the School has engaged in many other activities that provide benefit to the public within the School's objectives.. Emotions for Learning IE4L) Outreach The E4L pilot al Barringlon Church of England Primary School came lo an end and the School trained all 35 staff in the E4L approach during this academic year, This pilot has been used lo gain data on the efficacy of the E4L program as a stand-alone offer and also the effectiveness of the new materials which have recently been developed leading to an mp8cI report. The School continues lo support Barringlon Primary School with parent workshops and refresher training. The School has also completed a project with Melbourn Primary School, which has been very successful with 60 staff members receiving training over two terms. Melbourn Primary School are now using and embedding the E4L curriculum. The School is working with CORC (Child Outcomes Research Centre} to plan and undertake measurement of the E4L program both al Sl John's and in our outreach sellings. Page17

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2024 Computing Outreach The School's Head of Computing is a founding member and director of the Teach Ihe Teacher Programme, a Rotary fLJnded project lo bring cloud-based school leaching, teacher training and adLJII education lo The Gambia. For the past three years the programme has been working with the Ministry of Education in The Gambia lo create a proof of concept based on Mansa£olley Bojang School. Huge strides have been made this year as a resull of us selling up the first Star Link connection lo the inlernel in the country. Plans continue lo scale up the proof of concept lo reach more schools and lo begin lo deliver an adLJII education curriculum. The School was visited by a represenlalive from The Gambian Ministry of Basic and Secondary Education earlier in the year. The represenlalive observed a Form 5 lesson led by our Head of Computing and Head of English showcasing our application of 21 sl-cenlury, technology enhanced leaching and learning in the classroom. The School ran an annual Python Coding Day for local Schools in June last year. Four local schools allended along with a member of their staff. This year, following feedback from schools, the School ran a Microbil workshop, which was taken out lo 5 local schools. Drama Outreach The School has continued to offer Drama support visiting Barringlon Church of England Primary School weekly. The Head of Drama provided Drama lessons lo Years 1, 4, 5 and 6 and directed performances including a Year 6 Shakespeare production which was performed al Sl John's College School. All in Sounds Choir The School has started a new project in partnership with All in Sound, a music charity which runs choirs for people living with dementia and memory loss. The School hosts a weekly choir for people living with dementia and some of our younger children who join together lo sing and make joyful music together. Outreach Piano Concert This regular series goes from strength lo strength and offers a rewarding opportunity lo local young musicians who do not have access lo a regular performance platform of such quality. Senior Citizens The School continues ils links with local care homes and the residents joins the school for tea and entertainment every Christmas and summer term. Governorships Four members of staff, including the Head, are governors of local stale primary schools. ACHIEVEMENTS AND PERFORMANCE School performance The School's Year 8 leavers achieved excellent academic standards and passed competitive exams lo enter senior schools of their ¢hoice. 39 pupils achieved places at independenl day schools in Cambridge, 13 $1 other independent schools including a number of boarding schools and 1 to a local slate secondary school. 18 awards were won by pupils including 7 music awards, 4 academic awards, 3 drama awards, 1 sport award, 1 design and technology award and 2 all-round scholarships. Other school academic highlights included.. A Year 516 team qualified for the National Prep-school Science Quiz final. Thiee Year 8 children came in the top 250 of the national Townsend-warner History Prize. All poems submilled by Year 8 children for the Youn9 Writers Company publication 'Once Upon a Dream, were published. Many pupils won certificates in Maths Challenges, including 15 Gold ￿rtIficateS in the Junior Maths Challenge and 23 in the Primary Maths Challenge. Sport The School continued lo focus on making sport inclusive. Many teams involving older pupils entered local and national competitions. Notable successes were the U11 Boys Hockey team who were County and East Regional Champions in Page18

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2024 2024. The U11 Boys Rugby team came joint first In a Prep School tournament. For the first lime, the School entered a Girls Football team in a local lournamenl and they finished in 2nd place. There were individual successes for pupils in swimming, cross-counlry and alhlelics In particular. A group of Year 8 pupils children look part in a PowerHouse Games session al the Cambridge University Sports Centre which was organised and run by the charily Power21nspire (Inclusion through Sport). The morning focused on taking part in adapted games and sports and all the activities were especially designed lo be accessible and fun for everyone, old and young, with disabilfties and none, sporty and not. Music The girls and boys of the Sl John's College Choir continue lo excel and the Choir is regarded as one of the best in the world. This year the Choir introduced a 'Cushion Concert, lo which local young children and their families were invited to listen lo the choristers and understand more about their life and work. The Choir also continued ils collaboration with the Gesualdo Six. 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. One pupil was awarded 314 Place in the British Flute Society's Annual National Cornpelilion. As well as the 20 choristers of Sl John's College who the School educate, 6 pupils sing in Jesus College Choir (Cambridge), and 2 in the Sl Calharine's College Girls, Choir (Cambridge). Drama Every year group in the School performs a play each year. Highlighls included Reception and Year 1 Nativity plays, Year 5's production of 'Scheherazade'. Year 7.5 production of the musical 'Joseph' and Year 8's performance of the School's annual 'Passion Play, and a 'Shakespeare Evening,. 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. FINANCIAL REVIEW Results for the year The nel movement in funds in the year was £344k1£220K in 20231. The nel income from charitable activities in the year was £344k1£220k in 20231. Total income was £9.287m18.980m in 2023} with the increase primarily driven by the fees charged, improved investment performance £135k1£34k in 20231 and the income from ancillary trading income £506k1£452k in 20231. Total expenditure was £9.103m (£8,821 m in 20231 wilh the increase driven by the cost of the website design, energy costs and the yearly inflationary pay rises. Endowed funds The school's endowment consists of numerous individLJal gifts, legacies and grants given lo the school over many years for specific purposes. A distinguishing feature of these funds is the donor's express requirement or implicit intention that the funds shall not be spent immediately bul should be retained for the medium or long lerm. Where the retention of capital is explicitly indicated and there is no power to expend capita1 as income, the capital is shown as permanent endowment, olhernise as expend8ble endowmeril. In both cases income arising is shown as restricted funds. During the year. these funds were invested in the Sl John's College consolidated Trust Fund, which is a pooled portfolio of stocks and shares, and cash. These funds have historically been controlled and managed by the College, with the School having no influence over the investment performance of the funds. In August 2024, the College transferred the funds lo the School, and the funds are now managed by a professional fund manager on the School's behalf in accordance with the School's Investment Policy. Page19

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2024 Reserves policy and financial viability The Governors recognise the need for prudent msnagemenl of the School's finan￿$ and lo build reserves over lime. The School's policy Is lo build reserves lo a prudent level, considering the need lo maintain the School sile and fund future capital expenditure, all the while retaining sufficient unreslricled income reserves lo enable the School lo continue lo meet ils short-lerm financial obligations in the evenl of an unexpected revenue shortfall. As al the end of June 2024, the lolal funds of the School were £7.4m which comprised Endowed funds of £1.4m, Reslricled funds of £0.1m and Unreslficled funds of £5.9m. The Unrestricted funds comprised designated funds, including fixed assets of £7.2m. offset by a General ReseNe deficit of1£1.3ml. The deficit in General Reserves has reduced by £0 6m since 30 June 2023, and il is the Governing Body s intention lo continue lo reduce the General Reserves deficit over lime. The School continues lo remain in a healthy financial position, with £2.5m of cash and cash equivalents al 30 June 2024 1£2.Om in 20231, although this does flucluale during the year. There is close monitoring of cash and working capital position against ¢ash flow forecasts. Following the review of these forecasts for the period lo 31 December 2025. Governors are satisfied that there are no malerial Un￿rtaInlieS surrounding the School's ability lo continue as a going concern. PRINCIPAL RISKS AND UNCERTAINTIES The major risks lo which the School might be exposed are regularly considered by the Senior Management Team and the Governing Body through review of the risk register. Where appropriate, steps are taken lo miligale identified risks and, rf appropriate, to insure against the potential financial impact of the residual risks. The Governors consider that the necessary steps have been taken and continue lo be taken lo identify and miligale major risks. The principal risks that the School faces are.. The impact of future changes lo existing charitable exemptions (VAT, corporation lax, loss of mandatory business rale relief) leading lo unaffordabilily for parents and redkjclion in pupi5 numbers. Strategic planning and modelling of scenarios has been undertaken to ￿ltigate as far as possible. Cost controls and consideration of altern21ive forms of funding are part of mitigation. Advice has been sought in the area of VAT in particular. The impact of nalural disasters such as another pandemic leading lo business inlerrLJplion and reduction of pupil numbers. Strategic planning and scenario planning including lessons learned from the Covid-19 pandemic attempt to miligale risk of another such disaster. The impact of a loss of infraslruclure, whether that be access lo buildings le.g. fire) or a loss of IT systems, including by a cyber-attack School bLJildings are maintained good condition and with appropriate insurance in place. IT systems are monitored on a regular basis with reviews undertaken for Governors. The School has a Crisis Management Plan which is regularly reviewed. The impact of demographic and societal changes such as the reduction in the birth rale Seading lo fewer pupils applying for places in the younger year groups. The School undertakes regular analysis of admissions data and local defflographics. Investment in marketing is a strategic objective to miligale against falling pupil roll. The impact of Conlraclual difficulties with parents leading lo reputational damage and subsequent reduction in pupil numbers. The contract with parents is reviewed regularly along with policies and procedures for complaints. Reviews of concerns and complaints are undertaken. Detailed consideration of risk is delegated lo the Finance and General Purposes Committee, which reports formally lo the Governing Body each summer. The structure of the Committee comprises al least three members of the Governing Body, assisted by Senior Mansgemenl. The risk management process and the resulting Report identifies risks, assesses their impact and likelihood and, where necessary, recommends controls lo miligale and monitor those risks that are assessed as high. The generic controls used by the School lo minimise risk include.. detailed terms of reference together with formal agendas for Committee and Governing Body activity., strategic development planning reviewed by the Governing Body, including during an annual strategic away day., comprehensive budgeting and management accounting", established organisalional slru¢lures and lines of reporting,. formal written policies including clear aulhorisalion and approval levels which 8re reviewed,. velling procedures as required by law for the protection of the vulnerable Page | 10

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2024 The Governors regularly review the effectiveness of current plans and strategies for managing all identified major risks for both the School and its subsidiary. FUTURE PLANS The School's current Strategic Plan was agreed by the Governors In June 2022 and is subject lo an annual review by the Governors. The primary future plans for the School are sel out in the core elements of the Strategic Plan. These are outlined in the strategies lo achieve the primary objectives on page 6 above. As s131ed, the Governing Body agreed that any major inilialives would be considered over the four-year period 2022 10 2026, subject to available funding. In addition lo continuing lo strengthen and develop the School's oulslandin9 pastoral care and h1gh standard of leaching and learning, the Governing Body has identified seven main areas lo meet their primary objectives-. Marketing- A focus on marketing in the short and medium term is required lo give the School grealer control over pupil numbers by reducing as much uncertainly as possible in the admissions process and increasing enquiries. Bursaries.. Governors are Commilled to improving accessibility through building an endowment lo finance bursaries in the future. This endowment is lo be bu111 through fundraising. Diversity, Inclusion and Equity.. The School is commilled lo being as diverse, inclusive and equitable as possible in all il undertakes. Environmental sustainability.. The School is committed lo being as environmentally sustainable as possible and will work lo build a strategy lo meet this aim in the short term. Partnership and outreach". The School Is already commilled lo partnership and outreach work which il wishes lo expand, particularly in the local community. Facilities.. The Governors wish lo ensure that the facilities remain as good as possible lo help deliver a high standard of education. There is a pressing need lo rebuild or refurbish the swimming pool and the cost will be mel through fundraising_ Relationship with St John's College.. The good relationship with Sl John's College is fundamental lo the School succeeding and achieving ils aims and objectives. The main strategic focus for the 2024 - 2025 academic year, along with continuing lo strengthen the school's pastoral care and leaching and learning, will be.. il a continued focus on marketing inilialives lo increase interest in the School,. ill fundraising for an endowment for bursaries,. iiil agreeing a plan for environmental suslainabilily and use of energy. Fundraising AI 30 June 2024, the school has not undertaken any fundraising activity and ha5 no disclosures lo make surrounding the Fundraising requirements brought in by the Charities IProleclion and Social Inveslmenll Acl 2016. Pagel 11

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2024 STATEMENT OF ACCOUNTING AND REPORTING RESPONSIBILITIES The members of the Governing Body Iwho are also the directofs of St John's College School, Cambridge for the purposes of company lawl are responsible for preparing Ihe Annual Report and the financial slalemenls with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards). Company law requires the Governing Body lo prepare financial slalemenls for each financial year. Urbder that law the Governing Body are required lo prepare the financial statements in accoTdance with Uniled Kingdom Generally Accepted Accounting Practice and applicable law. Company law requires the members of the Governing Body lo prep8re financi81 slalements for eaGh financial year. Under company law the Governing Body members musl not approve the financial s181ements 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 the income and expenditure, ol the charitable group for th81 year. In preparing these financial stalemenls, the Governing Body members are required lo." select the most appropriate accounting policies and then apply them consislently., observe the methods and principles in the Chartties SORP-. make judgments and accounting estimates that are reasonable and prudent., stale whether applicable Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial stalemenls,. and prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the charitable company will continue in business. The members of the Governing Body are responsible for keepin9 adequate accounting records that are sufficient lo show and explain the charitable company's Iransaclions, disclose with reasonable accuracy at any lime the financial position of the charitable company ané enable them lo ensure that the financial slalemenls comply with the Companies Act 2006 and the provisions of the charity's conslitulion. They are also responsible for safeguarding the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other rregularilies. Relevant audit informatlon Insofar as each of the Governors, as directors of the charitable company. al the dale of approval of this report is aware there is no relevant audit information linformalion needed by Ihe Company's auditor in connection with preparing the audit report) of which the company s auditor is unaware. Each member of the Governing Body has taken all the steps that he or she should have taken as a member of the Governing Body in order lo make himself or herself aware of the relevant audit information and lo establish that the company's auditor is aware of that information. This Annual Report, including the Strategic Report, was approved by the Governing Body of the School on 19th November 2024 including, in their capacity as company directors, approvin9 the Governors, Report and signed on ils behalf by-. Lindsay D Chair of Go rning dy Page | 12

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE OPINION We have audited the financial slalemenls of Sl John's College School, Cambridge I'ihe charitable company'l for the year ended 30 June 2024 which comprise the Slalemenl of Financial Activities, Charily Balance Sheet, Slalemenl of Cash Flows and notes lo the financi81 slalemenls, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republic ol Ireland (United Kingdom Generslly Accepted Accounting Practice). In our opinion the financial slalements.. give a true and fair view of the stale of the charitable company s affairs as at 30 June 2024 and of the charitable company's income and receipts of endowments and expÈndilure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUK}l and applicable18W. Our responsibilities under those standards are further described in Ihe Auditor's responsibilities for the audit of the financial slalemenls section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe th81 the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to going concern In auditing the financial slalemenls, we have concluded that the Iruslee's use of the going concern basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have performeé, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charitable company's ability to continue as a going concern for a period of al least twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections of this report. Other information The Iruslees are responsible for the other information contained within the annual report. The other information comprises the information inclLJded in the annual report, other than the financial slalemenls and our auditor's report thereon. Our opinion on the financial slalemenls does not cover the other information and, except lo the exlenl otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibilily is lo read the other information and, in doing so, consider whether the other Information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misslaled. If we identrfy such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise to a material misslalemenl in the financial slalemenls themselves. If, based on the work we have performed, we conclude that there is a material misslalemenl of this other information, we are required lo report that fact. We have nothing lo report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion based on the work undertaken in the course of our audit the information given in the Iruslees, report, which includes the directors, report prepared for the purposes of company law, for the financial year for wh￿ch the financial slalemenls are prepared Is consislenl with the financial slalemenls., and the directors, report included within the trustees, report have been prepared in accordance with applicable legal requirements. Page | 13

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE {contlnued) Matters on which we are required to report by exceptlon In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not idenlrfied material misstalemenls in the directors, report included within the trustees, report. We have nothing lo report In respect of the following matters in relation lo which the Companies Act 2006 requires us lo report lo you rf, in our opinion.. adequate and proper accounting records have not been kept,. or the financial slalemenls are not in agreement with the accounting records and returns., or certein (iisclosures of Iruslees, remuneration specrfied by law are not made,. or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trtjslees, responsibilities slalemenl, the Iruslees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial slalements that are free from material misslalemenl. whether due lo fraud or error. In preparing the financial slalements, the Iruslees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable. mallers related lo going concern and using the going concern basis of accounting unless the trustees either intend lo liquidate the charitable Company or lo cease operations, or have no realistic a11ernalive but lo do so. Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misslalemenl, whether due lo fraud or error, and lo Issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misslalemenl when il exists. Misslalemenls can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slalements. Details of the exlenl lo which the audit was considered capable of delecling irregularities, induding fraud and non- compliance with laws and regulations are sel out below. A furthef description of our responsibilities for the audit of the financial slalemenls is located on the Financial Reporting Council's website at.. www.frc.or .ukJaudilorsres on5ibililies. This description forms part of our auditor's report. Extent to which the audil was considered capable of detectlng Irregularities, including fraud Irregularities. including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstalemenl of the financial slalemenls from irregularities, whether due lo fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive lo those risks, including obtaining audit eviden￿ sufficient and appropriate lo provide a b85is for our opinion. We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, legislation, IDgether with the Charities SORP IFRS 1021. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial slalemenl items. In ad(Jilion, we considered provisions of other laws and regulations that do not have a direct effect on the fr'nancial slalements bul compliance with which might be fundamental lo the charitable company's ability lo operate or lo avoid a m8lerial penalty. We also considered the opportunities and in￿ntiVeS that may exist within the charitable company for fraud. The laws and regulations we considered in this context for the UK operations were The Education Ilndependenl School Slandardsl Regulations 2014. Page | 14

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST JOHN'S COLLEGE SCHOOL. CAMBRIDGE (continued) Auditing standards limit the required audit procedures lo identify non4ompliance with these laws and regulations lo enquiry of the Trustees and other management and inspection of regulatory and legal correspondence. rf any. We iderilified the greatest risk of material impact on the financial slalemenls from irregularilies, including fraud, lo be within the liming and recogn11ion of non-fee income, procurement processes for significant capital projects and the override of controls by management. Our audit procedures lo respond lo these risks included enquiries of management and the Finance and General Purposes Subcommillee about their own identification and assessment of the risks of irregularities, sample lesling on the posting of journals, reviewing accounting eslimales for biases, reviewing regulatory correspondence with the ChaTily Commission, Independent Schools Inspeclorale, Ofsled and reading minutes 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 furthef removed non-compliance wilh laws and regulations lirregularitiesl is from the events and transactions reflected in the financial stalemenls, the less likely the inherently limited procedures required by auditing standards would idenlrfy il In addition, as with any audit, there remained a higher risk of non-deleclion of irregularities, as these may involve collusion, forgery, Intentional omissions, misrepresenlalions, or the override of inlernal controls. We are not responsible for preventing non-compliance and cannot be expected lo delecl non-compliance with all Isws and regulations. Use of our report This report is made solely lo the charitable company s members, as a body, in accordance with Chapter 3 of Part 16 of the Companie5 Act 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 the fullest exlenl permitted by law, we do not accept or assume responsibility lo 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. Nicola May Senior Slalulory Auditor For and on behalf of Crowe U.K. LLP Slalulory Auditor London Dale.. 22 November 2024 Page | 15

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Unrestricted Reslricled funds funds 2024 2024 £'ooo £'ooo Endowed Funds 2024 £'ooo Total Funds 2024 £'ooo Total Funds 2023 £'ooo Notes Income and endowments from.. Charitable activities School fees receivable Ancillary trading income Other trading activilies Non-ancillary trading income Investments Investment income Voluntary sources Donations and legacies 8,502 506 8,502 506 8.267 452 43 43 52 111 23 134 34 28 61 13 102 175 Total Income and endowments g,190 61 36 9,287 8.980 Expenditure on: Raising funds Non-ancillary trading Other income-generaling activities Financing costs Investment management 38 167 38 167 15 175 Total Expenditure on raising Funds 211 220 203 Charltable activities Education and grant making 8,610 273 8,883 8,618 Total expenditure 8,821 273 9.103 8,821 Nel income I Ideficill from operations 369 {212} 27 184 159 Gains on investment 10 160 61 Net income I Ideficil} for the year 369 12121 187 220 Transfers between funds 212 (2121 Nel movement in funds in the year 369 125} 220 Pagel 16

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 (continued) Unrestricted Restricted Endowed funds funds funds 2024 2024 2024 Total funds 2024 Total funds 2023 Notes £'ooo £'ooo £'ooo £'ooo £'ooo Net movement in funds In the year 369 1251 Fund balances brought forward as al 1 July 2023 5,515 65 1,413 6.993 6,993 Fund balances carried forward as at 30 June 2024 16 5,884 65 1,388 7,337 6.993 Page | 17

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE BALANCE SHEET AS AT 30 JUNE 2024 Notes 2024 £'ooo 2023 £'ooo FIXED ASSETS Tangible assets Investments 7,170 1.376 7,442 1.413 10 8.546 8,855 CURRENT ASSETS Debtors Cash and deposits 992 2,491 3,483 338 1,991 2,329 CURRENT LIABILITIES Creditors payable within one year 12 1,789 1,096 NET CURRENT ASSETS 1.694 1,233 TOTAL ASSETS LESS CURRENT LIABILITIES 10,240 10,088 LONG-TERM LIABILITIES Creditors payable after one year 13 2.903 3,095 NET ASSETS 7,337 6,993 REPRESENTED BY: ENOOWED FUNDS RESTRICTED FUNDS UNRESTRICTED FUNDS Designated Reserve General Reserve 15 15 1,388 65 1,413 15 15 7,220 {1,336} 7,481 {1,965) 7,337 6,993 These financial slalemenls were approved and aulhorised for issue by the Governing Body on 191h November 2024 and were signed on ils behalf by.. Lindsay Dods Chair of the Gover ng Body The notes on pages 2110 37 form part of these financial statements Page | 18

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 30 JUNE 2024 Notes 2024 £'ooo 2023 £'ooo Net cash outflow from operations Nel cash provided by operating activities 614 831 Cash flows from investing activities: Payments for tangible fixed assets Payments for acquisition of investments Withdrawals from securities investments portfolio Investment income and bank Interest received {110) 1241 212 135 {77} 19} 56 34 Net cash provided by investing activities 213 Cash flows from financing activlties: New endowment Repayment of borrowing Finance costs paid 13 1173) 167 11731 175 Net cash provided by financing activities 1327) 1348) Change in cash and cash equivalents In the year 500 Cash and cash equivalents at the beginning of period 1,991 1.504 Cash and cash gquivalents at the end of the year 2,491 1.991 Page | 19

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Reconciliation of net income to net cash flow from operating activities 2024 2023 £'ooo £'ooo Income from operations 159 Elimination of non-operaling cash flows.. Investment income Endowment donations Finance costs Investment management charges Depreciation charge Ilncreaselldecrease in debtors Increaselldecrease} in creditors (excluding deposit) Increase In fee in advance scheme credilor Increaselldecreasel in parents, deposits Net cash Inflowl{outflowl from operations 1135} {13} 167 (341 175 381 1654) 178) 737 16 614 399 1671 79 120 {61 831 Analysis of Cash and cash equivalents 2024 £'ooo 2023 £'ooo Pelly Cash Cash al bank Deposits 15 797 1,679 2,491 14 1,553 424 1,991 Analysis of net debt 30 June 2023 £'ooo Cashflows 2024 £'ooo 30 June 2024 £'ooo Cash al bank Loans Net debt 1,991 13,277} 11,2861 500 182 682 2,491 {3,095} {6041 Page | 20

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (contlnued) CHARITY INFORMATION The School is a charitable company limited by guarantee Icharily number 1194790. company number 133968771 and was incorporated in England on 14 May 2021 to facililale the transfer of School assets frorm SI John's College lultimale parent) lo a separate legal entity. 11 is a Public Benefit Enlily operating from ils registered office at 75 Grange Road, Cambridge CB3 9AA. ACCOUNTING POLICIES Financial statements and consolidation The financial statements cover the year from 1 July 2023 10 30 June 2024, comparative information is presented for the period 1 July 2022 10 30 June 2023. The financial 5talemenls have been prepared on the historical cost basis of accounting, as modified by the revalLJation of investment properties and other inveslmenls, and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021, the Companies Act 2006. the Charities SORP IFRS 1021 and the accounting policies sel out below. Having reviewed the funding facilities available lo the School together with the expected ongoing demand for places and the School's future projected cash flows, the Govefnors have a reasonable expectation that the School has adequate resources lo continue ils activities for the foreseeable future and consider that there were no material uncertainties over the School's financi81 viability. Accordingly, they also continue lo adopt the going concern basis in preparing the financial slalemenls as outlined in the Slalemenl of Accounting and Reporting Responsibilities on page 11. Critical accounting judgements and key sources of estimation uncertainty In the application of the accounting policies, the Trustees are required lo make judgements, eslimales, and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The eslimales and underlying assumptions are based on historical experience and olher factors that are considered lo be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimsles are recognised in the period In which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods rf the revision affected current and future periods. In the view of the Governors, no assumptions concerning the future or eslimalion uncertainty affecting 3ssels or liabilities al the balance sheet dale are likely to result in a material adjustment lo their carrying amounts in the next financial year. The following accounting policies have been applied consislenlly in dealing with items which are considered material in relation to the School's financial slalemenls. School fees and similar earned income Fees re￿1vable and charges for services and use of the premises. less any allowances, scttolarships, bursaries granted by the School against those fees, bLJI including contributions received from reslricled funds, are accounted for in the period in which the services are provided. Investment income Dividend income is accounted for al Ihe dale on which the School has enlillemenl lo the dividends. Interest on bank balances and fixed interest securities is accounted for in the period in which the interest is earned. Donations, legacies, grants and other voluntary income Voluntary income is accounted for as and when entillemenl arises, the amount can be reliably quantified and the economic benefit lo the School Is considered probable. Voluntary income for the College's general purposes is accounted for as unreslricled and is credited to the General Reserve. Where through the terms of an appeal or from the donor there is a trust law reslriclion on the use of any voluntary income, the income is credited lo the relevant reslricled funds or endowment. Gifts in kind Page | 21

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued) are valued al estimated open market value at the date of gift, in the case of assets for retention or consumption, or al the value lo the College in the case of donated services or facilities. Expenditure Expendilure is accrued as soon as a liability is considered probable. Expenditure atlribulable lo more than one Cost category in the Slalemenl of Financial Attlivilies is apportiotTred lo them on the basis of the eslimaled amount attributable to each activity in the year, either by reference lo staff lime or the use made of the underlying assets, as appropriate. Irreeoverable VAT is included with the item of expenditure lo which il relates. Investments Listed and allernalive investments are reported al the value reported by Sl John's College al the balance sheet dale. For all listed and other investments where IheTe is an active market the investments are valued al their quoted rnarkel prices. Alternative investments where there is no active market are valued based on the nel asset values of the underlying assets published by the fund managers at the balance sheet date or, where necessary, al the nearest available valuation date. Gains and losses arising on the revaluation of investments are crediled or charged lo the Sialemenl of Financial Aclivilies and are allocated to the appropriate Fund according lo the °ownership of the underlying assets. Investments in subsidiaries are valL*ed at cost less provision for impairment. Tangible fixed assets Expenditure on the 8cquisilion, construction or enhancement of land and bijildings costing more than £5,000 together with expenditure on vehicles, furniture, machinery, ICT infraslruclure and other equipment costing more than £5,000 is capilalised and carried in the balance sheet at historical cost. Other expenditure on equipment incurred in the normal day-lo-day running of the College and its subsidiaries is charged lo the Slalemenl of Financial Activities as incurred. Depreciation Depreciation is provided lo write off the cost of all relevant tangible fixed assets less their eslimaled residual values based on current market Pfices in equal annual inslalmenls over their expected useful economic lives as follows.. Leasehold building improvements Computer equipment Other equipment 50 years 3 years 6 years 2.10 Fund accounting The charitable trust funds of the School are accounted for as unrestricted or restricted income, or as endowment capita1, in accordance with the terms of trust imposed by the donors or any appeal lo which they may have responded. Endowment funds are further sub-divided into permanent and expendable. Unrestricted income belongs to the School's corpor8te reserves, spendable al the dis¢relion of the Governors either lo further the School's Objects or lo benefit the School itself. Where Ihe Governors deciée lo sel aside any part of these funds lo be used in future for some specific purpose, Ihis 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 retention obligation or power bul only a trust law restriction lo some specific purpose intended by the donor. Permanent endowment represents specific grfls and donations that have been received ovei lime and musl be maintained as part of the endowment of the School. The income arising on all capital funds has been recorded in the Consolidated Slalemenl of Financial Aclivilies. Page122

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued) Expendable endowment arises where a donor intends the gift to be relaine(S bul with the sddiliorial condition that 211 capi181 can be converted into income for spending either al the Governors, own discretion or else upon the happening of some event conlemplaled by the donor. 2.11 Operating leases Rentals under operating leases are charged on a straighl-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive lo sign an operating lease are similarly spread on a straighl-line basis over the lease term. 2.12 Financial instruments Basic financial instruments are initially recognised al transaction value and subsequently me2SLJred al amortised cost. Financial assets held al amortised cost comprise cash al bank and in hand, together with trade and other 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 accounts and used as working capital. Financial liabilities held al amorlised cost comprise all creditors except social security and other taxes and deferred income and provisions. Assets and liabilities held in foreign currency are translated lo GBP al the balance sheet dale al an appropriate year-end exchange rate. 2.13 Pension Costs The School makes payment5 to defined contribution pension schemes for the benefit of employees. Contributions payable are charged lo the Sialemenl of Financial Activities in the year lo which they relate. CHARITABLE ACTIVITIES- FEES RECEIVABLE 2024 £'ooo 2023 £'ooo Fees receivable consist of.. School fees Less.. total scholarships and bursaries 8,911 622 8,644 573 8,289 213 8,071 196 Add back.. Bursaries and other awariss paid by reslricled funds 8,502 Scholarships and bursaries of £622k 1£573k in 20231 were awarded. £424k 1£378k in 20231 was paid as scholarships lo 20 120 in 20231 choristers and £162k 1£195k in 2023) was paid lo 11 116 in 20231 pupils as means-lesled bursaries. Page | 23

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued} CHARITABLE ACTIVITIES- OTHER INCOME 2024 £'ooo 2023 £'ooo Day Boarding and Temporary Boarding Leavers, Programme Sports Coaching Late Wailing charge School Bus Pupils trip Funds Stringmoves, Music lessons and instrument charges Other Registration Fees 29 55 18 77 49 57 17 78 21 149 59 17 199 56 50 506 452 OTHER TRADING ACTIVITIES 2024 £'ooo 2023 £'ooo Trading income Lettings 43 52 INVESTMENT INCOME Total 2024 £'ooo Total 2023 £'ooo Securities investment income: Income from inveslmenls in St John's College Consolidated Trusl Fund Bank and other interest 23 111 25 134 34 Page | 24

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued) ANALYSIS OF EXPENDtTURE (al Total expenditure Staff costs Oeprecialion (note 81 Inole 91 £'ooo £'ooo Other Total 2024 £'ooo Total 2023 £'ooo £'ooo Expenditure on raising funds Trading costs Cost ol other activities Financing costs Investment and eslales management 38 167 38 167 15 175 Total Expenditure on raising funds 218 220 203 Charil£ble expenditure Education and grant making Teaching Welfare Premises repair and maintenance Support costs and governance EHCP cost Grants, awards and prizes Inole 4,034 142 149 920 60 110 810 40 1,154 742 4,954 187 1.461 1,769 60 452 4,900 130 1,427 1,636 123 402 158 107 452 71b}} Total chorilable expenditure 5,305 380 3,198 8,883 8,618 Total expended 5.307 380 3,416 9,103 8,821 Ib) Grants, awards and prizes 2024 £'ooo 2023 £'ooo From Restricted Funds: Bursaries From Unrestrlcted Funds: Other grants and awards 212 196 240 377 452 573 Page | 25

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued} Governance included In support eosts.. 2024 £'ooo 2023 £'ooo Remuneration paid lo auditor for audit services Reimbursement of personal expenses lo Governors- travel costs 26 30 27 32 Travel expenses of £1 k were reclaimed by 4 members of the Goveming Body. No other remuneration was paid lo members of the Governing Body in the year. In addition lo the above audit remuneration. the auditor received fees for the audit of SJCS International Limited lolalling £3,020. STAFF COSTS 2024 £'ooo 2023 £'ooo The aggregate payToII costs for the year were as follows.. Wages and salaries Social security costs Pension costs 4.330 397 578 4,289 387 557 5,305 5,233 Aggregate employee-benefils of key management personnel 701 662 2024 2023 Number of higher paid employees in bands of.. £60,00110 £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 £130,001 10 £140.000 The number with retirement benefits accruing in Defined Contribution schemes was £179K1£151 K in 20231, of which the contributions amounted lo £561 K1£564K in 20231. Page | 26

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 {continued) The average number of the School's employees during the year was 1351137 employees in 20231. 2024 2023 Teaching Welfare Premises Support Other activities 96 97 16 12 16 13 135 137 DLJring the year there were redundancy or termination payments made which amounted lo £20,171. There was £0 oulslanding al the year end. TANGIBLE FIXED ASSETS Group and College Leasehold Computer Other improvements Equipment Equipment £'ooo £'ooo £'ooo Total £'ooo Cost Al 1 July 2023 Additions Disposals 7,493 32 464 212 66 8.169 109 AI 30 June 2024 7,525 475 278 8,278 Depreciation At 1 July 2023 Charge for the year Disposals 390 211 243 128 94 42 727 381 AI 30 June 2024 601 371 136 1.108 Nel book values At 30 June 2024 6,924 104 142 7,170 Al 1 July 2023 7,493 221 118 7,763 Page | 27

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued) 10. INVESTMENTS 2024 £'ooo 2023 £'ooo Investments Al 1 July 2023 Additions Disposals Increase in value of investments Investments at 30 June 2024 1.413 24 12211 160 1,376 1.407 1571 61 1,413 Investment in subsidiaries School investmgnts at 30 Jung 2024 1,376 1.413 Investmenls comprise: Units in Sl John's College Consolidated Trust Fund Investment in subsidiaries School investments 1.376 1,413 1.376 1,413 The Units in Sl John's College Consolidated Trust Fund were held as nominee and managed for the School by Sl John's College. The funds were transferred lo the School in August 2024 and are now managed on the School's behalf by a professional fund manager. The School is the beneficial owner of the funds DEBTORS 2024 £'ooo 2023 £'ooo Fees and extr8S Trade Other debtors Prepayments Amounts due from subsidiary companies 618 85 32 186 156 15 106 132 992 338 12. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £'ooo 2023 £'ooo Entry Fee deposit Loans Trade CTeclilors Taxation and social security 285 192 97 98 268 182 141 105 Page | 28

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued) Other creditors Accru21s Deposit from parents Deferred income- Fees received in advance of term 74 144 42 857 75 146 59 120 1,789 1,096 Deferred income represents school fees received in advance for the 2024125 school year and will be fully ulilised in the following year 13. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 £'ooo £'ooo Loans 2,903 3.095 The School has an oulslanding loan with the College, repayable over a 15-year term with fixed interest of 5.16 /0. Al 30 June 2024 the remaining commitments were as follows.. 2024 £'ooo 2023 £'ooo After five years Within two lo five years Within one lo two years Within one year 2.030 671 202 192 2.266 637 192 182 3,095 3,277 14. FUNDS OF THE SCHOOL The School's funds are analysed under the following headings. 14.1) Endowed Funds 14.1a} Special Trust endowments These consist of numerous individual gifts, legacies and grants given lo the school over many years for specific purposes. A distinguishing feature of all these special trusts is the donor's express requirement or implicit intention Ihal the funds sh211 not be spent immediately bul should be retained for the medium or long lerm. Where the retention of capital is explicitly indicated and there is no power to expend capital as incorne, the capital is shown as permanent endowment, otherwise as expendable endowment. In both cases income arising is shown as restricted funds. These funds are Invested In the Sl John's College consolidated Trust Fund, which is pooled portfolio of stocks and shares, and cash. The endowment funds are.. Page | 29

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued) 14.1bl Permanent endowments Cherry & King Funds Education & musical training of choristers in need of financial assistance Solely for the benefit of Choristers al the school. For the benefit of Choristers in need of financial assistance For the benefit ol Choristers in need of financial assislance Parents or guardians not able lo pay school fees. Clock lo Young choristers Numerous individual gifts lo establish prizes for pupils. Education & musical training of pupils in need of financial assistance. For parents in need of financial assistance Goodchild Fund Hackwood & Cope Funds Earl Fund Luton Fund Slrasburger Fund Pupils Gifts funds Ince Fund New Bursary Endowment Fund 14.1cl Expendable endowments Bursary Fund Davies Fund Fuller Fund For parents in need of financial asS1stsnce For music and wider community, not excluding pupils of the school Solely for the benefit of Choristers 14.21 Restricted Funds 14.2al Special Trust Funds These represent gifts, donations, legacies elc. received from external donors for specific purposes bul where there is no requirement to preserve capital together with unspent income from certain endowments. Expenditure directly financed by such gifts is shown under restricted funds. In addition, unspent balan￿S accumulated on certain endowment fL*nds are held as reslricled funds. School Bursary Fund For parents in need of financial assistance Children's PSHE Fund For the benefit of Action Aid UK Pupils gifts funds Cherry & King Funds Numerous individual gifts lo estsblish prizes for pupils Education & musical Iraining of choristers in need of financial assistance Solely for the benefit of Choristers Solely for the benefit of Choristers al the school. Education & musical training of pupils in need of financial assistance For the benefit of Choristers in need of financial assistance Grants to improve the quality of a children's learning experience Fuller Fund Goodchild Fund Ince Fund Hackwood & Cope Funds EHCP grant 14.31 Tanglble Fixed Assets Funds Instrument Fund For music instrument for the benefit of the pupils in the school and the wider community Numerous individual gifts lo establish prizes for pupils. For mijsic and wider community, not excluding pupils of the school Pupils Prize Fund Slringmoves Fund Page | 30

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued) MOVEMENTS ON MAJOR FUNDS At1 July At30 Jung Gainsl Ilossesl 2023 £ o(10 Income £'ooo Expenditure £'ooo Transfers 2024 £'ooo £'ooo £'ooo Endowed Permanent Cherry & King Funds Goodchild Fund Hackwood & Cope Funds Ince Fund Piizes Funds Earl Fund Lulon Fund Bursary Endowment Fund Slrasburger Fund Total Permanent 75 114 17 84 128 191 130 346 116 22 215 145 389 131 13 121 {21 39 13 991 29 161 112 1.126 Bursary Fund Davies Fund Fuller Fund Total Expendable 164 252 11611 1511 12121 18 29 47 23 233 422 262 Total Endowment 1,413 35 {71 12121 159 1,388 Page | 31

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued) A11 July 2023 £'ooo Income Expenditure Transfers Gainsl Ilossesl At30 June 2024 £'ooo £'ooo £'ooo £'ooo £'ooo Restricted funds Bursary, Scholarship & Outreach Fund Fuller fund Pupils gifts funds Cherry & King Funds Goodchild Fund Earl Fund Luton Fund Davies Fund Prizes Funds EHCP Grant & donations 11611 161 1511 51 25 25 20 19 61 1611 Total Restricted Funds 65 61 12731 212 65 Designated funds.. Tangible Fixed Assets Instrument Fund Pupils trip funds Slringmoves Fund Total designated funds General reserve 7,442 13811 109 7,170 {4) {190} 198 14 27 7,220 27 7,481 205 {575) 109 11,96S) 8,984 {8.246) 11091 {1.336} Total unrestricted Funds 5,516 9,189 {8,8211 5,884 Total Funds 6,993 9,287 19.1021 159 7,337 Page | 32

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued) 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Endowed Restrictgd Unrestrlcted 30 June 30 June 2024 2023 Total Total £'ooo £'ooo £'ooo £'ooo £'ooo Tangible fixed assets Investments Net current assets Long term liabilities Total Funds 7,170 7,170 7.442 1,376 1,413 1,694 1,233 12.903) {3,0951 1,376 64 1,630 12,9031 1,376 5,897 7,337 6,993 17. OPERATING LEASE COMMITMENTS The School has a lease agreement of 30 years with the College ané a 12 months, notice period of termination. The operating lease Iland and buildings) commilmenls as al 30 June 2024 are as follows". 2024 £'ooo 2023 £'ooo Within one year 476 442 476 407 18. SUBSIDIARIES AND RELATED PARTY TRANSACTIONS St John's College The School is a 100010 subsidiary of Sl John's College (Charity number.. 11374281. During the year, the School paid rent and other adminislralive charges lolalling £574k and interest of £167k lo the Gollege. The School also made loan repayments of £182k in the year lo the College. Al 30 June 2024, the school had an oulslanding loan balance due lo the College of £3.1m. The College paid school fees and additional wsts relating lo the Choristers of £553k lo the School. SJCS International Limited The School owns 100¥0 of the issued share capital of SJCS International Limited (company no. 111228161. SJCS International Limited l°SJCSI'I was sel up by Si John's College in 2017 as a company limited by shares. The primary Purpose of SJCSI is lo licence the intellectual property of the Schoo110 a partner in China in return for a fee with the aim of selling up nurseries overseas in the School's name. The annual taxable profits of SJCSI Page | 33

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued) are donated lo the School under the Gift Aid scheme. The results of SJCSI are not consolidated into these financial slalemenls as the School itself is itself a subsidiary of a larger group, Sl John's College. The results of SJCSI are therefore consolidated in the results of Sl John's College as ultimate parent of the Group. SJCSI had a turnover of £66k12023 - £76kl, gross profil of £66k12023 - £76kl and a profil before lax and gift aid of £28k in the year ended 30 June 202412023 - £50kl. Al 30 June 2024 the company had nel assets of £1 12023- nel assets of £1 kl. The School charged £16k lo SJCSI for the provision of staff and the adminislralive services. The balance owing from SJGSI lo the School as a130 June 2024 was £147k. Gift aid of £28k was paid to the School in 202412023 £28kl Other related party transactions One Governor re￿iVed £1 k from the school as remuneration for an independent appraisal of the headmaster. No other related party transactions have been incurred in the year. 19. PENSION SCHEMES IAPS Cash Benefit and Life Assurance Scheme The IAPS Cash Benefit and Lrfe 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 £1 Ook and al the year-end £0 was accrued in respect of conlributions 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 for teachers. The school contribute 16.48'/o of gross salary for those in the scheme. All staff are eligible, unless declined by the underwriters. Members contribute a minimum of S.OQ/o. The pension charge for the year Includes contributions payable lo APTIS of £460k. 21. CONTROL On 10 September 2021, the acliv11ies of the school were transferred from Sl John's College into a Company limited by guarantee. Sl John's College School, Cambridge which is a separately registered charity. The College is the sole member of the company and the School Governors are the directors and the charity trustee5. The nel assets of the school, including reslricled and endowment funds with reslricled purposes for the school, were also transferred lo the School on 10 September 2021. The fair value of the assets transferred was £5,416k and this was recorded as expenditure in the College Slalemenl of Comprehensive Income. Sl John's College, registered charity number 1137428, is considered lo be the ultimate parent of the St John's College Group and the results of the S¢hool are consolidated within the Group financi81 slalements. The Group financial slalemenls are available from the College's registered office al Sl John's College, Sl John's Street, Cambridge CB2 1TP. Page | 34

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued) 22. STATEMENT OF FINANCIAL ACTIVITIES- PRIOR YEAR Unrestricted Restricted Endowed funds funds Funds 2023 2023 2023 £'ooo £'ooo £'ooo Total Funds 2023 £'ooo Notes Income and endowments from: Charitable actlvities School fees receivable Ancillary trading income Other trading activities Non-ancillary trading income Investments Investment income Volunlary sources Transfer of nel assets from college Donations and legacies 8,267 452 8,267 452 52 52 25 50 125 175 Total income and endowments 8,846 125 8,980 Expenditure on.. Raising funds Non-ancillary trading Other income-generaling activrties Financing costs Inveslrnenl management Fundraising and development 175 175 Total Expenditure on raising Funds 196 203 Charitable activities Educ81ion and grant making 8,297 321 8.618 Total expendituro 8,493 321 8,821 Net income I Ideficitl from operations 353 11961 159 Gains on investment 10 61 61 Net income l (deficit) for the year 353 11961 63 220 Transfers between funds 1161} 191 1301 Net movemenl in funds in the year 192 151 33 220 Page | 35

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 (continued) Unreslricled Reslricled Endowed Funds Funds funds £'ooo £'ooo £'ooo 2023 Total £'ooo Notes Net movement in tunds in the year (brought forward} 192 151 33 220 Fund balances brought forward as al 1 July 16 5,323 70 1,380 6,773 Fund balances Carried forward as at 30 June 16 5,515 65 1.413 6,993 23. MOVEMENTS ON MAJOR FUNDS- PRIOR YEAR All July Gainsl (losses} At30 Juno 2023 £'ooo 2022 £ o(10 Income Expenditure Transfers £'ooo £'ooo £'ooD £'ooo Endowed Permanent Cherry & King Funds Goodchild Fund Hackwood & Cope Funds Ince FLJnd Prizes Funds Earl Fund Lulon Fund Slrasburger FLJnd Total Permanent 71 75 109 16 115 17 183 126 331 111 191 131 14 116 {4} 42 991 Endowed- Expendablg Bursary Fund Davies Fund Fuller Fund Total Expendable 157 208 164 252 422 121 131 1301 1301 431 21 Total Endowment 1,380 171 1301 61 1,413 Page | 36

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 {continued} A11 14 May 2022 £'ooo Income Expenditure Transfers £'ooo Gainsl Ilossesl At30 June 2023 £'ooo £'ooo £'ooo £'ooo Restricted funds Bursary, Scholarship & Outreach Fund Fuller fund Pupils gifts funds Cherry & King Funds Goodchild Fund Earl Fund Lulon Fund Davies Fund EHCP & donations Prizes Funds 11611 161 1351 30 25 25 125 1125} 20 19 70 125 13321 191 64 Unrestricted funds Designated funds.. Tangible Fixed Assets Instrument Fund Pupils trip funds Slringmoves Fund Total designaled funds General reserve 7,763 78 13991 7,442 17} 11501 150 27 7,802 27 7,481 235 1556} 12,4791 8611 {7,9361 1161} 1,9651 Total unrestricted Funds 5,323 8,846 16,4921 1161) 5,516 Total Funds 6,773 6,980 18,8211 61 6,993 24. ANALYSIS OF NET ASSETS BETWEEN FUNDS-PRIOR YEAR Restricted Unrestricted Endowed At30 June 2023 £'ooo £'ooo £'ooo £'ooo Tangible fixed assets Investments Nel current assets Long term liabilities Total Funds 7,442 7,742 1,413 1,233 13.0951 1,413 64 1,169 13,09511 1.413 64 5,516 6,993 Page | 37