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.
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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.
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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.
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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.
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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
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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.
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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