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2025-06-30-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 2025

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT AND FINANCIAL STATEMENTS Contents Page Governors, Officers and Advisers Annual Report of the Governors Statement of Accounting and Reporting Responsibilities Independent Auditor's Report Statement of Financial Activities 3-11 12 13-15 16-17 Balance Sheet Statement of Cash Flows Notes to the Financial Statements 18 19-20 21-37

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE GOVERNORS, OFFICERS AND ADVISERS YEAR ENDED 30 June 2025 GOVERNORS, DIRECTORS AND CHARITY TRUSTEES The Governors of Sl John's College School I'the School'l are the School's charity Iruslees under charity law and the directors of the charitable company. The start of the Governors, terms. as noted, is the dale 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 ils 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 {11 121 131 Lindsay Dodsworth Ichairl 13 September 2021 13 September 2021 PaLJI Taylor (Vice-chair and Chair of Education & Welfare Comrnilleel i September 2017 14 May 2021 Patrick Blakesley Gordon Cameron (Chair of Finance & General Purposes Comrllitteel Jonathan Cumming Darren Jordan (Chair of Nominations Commilleel '. Henry Price (Governor responsible for Safeguardingl Dipika Shah September 2018 14 May 2021 16 August 2022 16 August 2022 16 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 17June 2024 17June 2024 Stephen Taylor 1 17June 2024 17June 2024 Ale5sandro Loria Icompany Secretarylclerk lo the Governors) 1 June 2024 1 June 2024 Finance & General Purposes Committee 121 Eduealion & Weware Commillee 131 Nominations Committee The work of the Governing Body is supported by the above commillees. Each of the committees, which are not decision-making bodies, have written 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 2025 Senior management team Sarah Wright Neil Chippinglon Allhea Pipe Alex Loria Head Teacher (appointed 1S1 September 2025) Head Teacher (resigned 315t August 2025) Deputy Head and Head of Byron House Director of Operations Director of Studies Tristan Igglesden Jude Worthington Lisa Bedfor Depuly Head (Byron House) Assistant Head Pastoral (Senior House) Director of Finance (appointed 2nd June 2025) Mark Lewis Principal address and Registered Office St. John's College School 73 Grange Road Csmbridge C83 gAB Solicitors Ashtons Legal Chequers House 77-81 Newmarket Rd Cambridge CB5 8EU Auditor Crowe U.K. LLP 55 Ludgale Hill London, EC4M 7JW Bankers Bar¢lays Bank plc Benel Street 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 2025 The members of Sl John's College School, Cambriijge's Governing Body present for the year ended 30 June 2025 their Annual Report Ljnder the Charities Act 2011, incorporating the Directors, and Strategic Reports under the Companies Act 2006, together with the audiled financial slalements of the School. REFERENCE AND ADMINISTRATIVE INFORMATION Sl John's College School traces ils roots lo 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 400 boys and girls aged 4-13. Sl John's College School Cambridge moved lo ils present location in one of the most attractive parts of Cambridge in 1955, and doubled in size upon amalgamation with the former Byron House School in 1973. 11 is conslituled as 8 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 governed by ils Memorandum of Association and Articles of Associ81ion last amended on 14 May 2021. Governing Body The Governing Body is self-appoinling, and comprise5 no fewer than five and not more than 1 S 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 based on the candidates, professional qualities, experience, personal competence and local availability. Recruitment and tratning of Governors Governors are recruited through an independent process led by the Nominations Commillee 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 trustees. 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 members of the Governing Body, as the charity trustees, are legally responsible for the overall management and conlfol of the School. They meet three limes a year. The Governing Body has established three committees, the Education & Welfare Committee, the Finance & General Purposes Committee and the Nominations Committee. All the committees have wrillen terms of reference which detail their authority and duties. The Finance & General Purposes Committee lakes delegated responsibility on behalf of the Governing Body to Provide overview and scrutiny of the work of the Executive in the areas of Finance, Operations, Facilities and Health and Safely. This includes acting as a sounding board for new initiatives and the on-going monitoring and review of policies and practice in Ihese areas, and making recommendations as appropriate lo the Governors, This commillee also supervises Page13

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2025 and finalises the audited financial slalemenls and annual report for approval by the Governing Body. The Finance & General Purposes Committee is chaired by Gordon Cameron. The Education & Welfare Committee lakes delegated responsibility on behalf of the Governing Body to proviiie overview and scrutiny of the work of the Executive in the areas of EdLJcalion (academic, co-curricular and pastorall and Welfare {Including Safeguardingl. This committee Is chsired 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 Ihe Governing Body 2nd Is chaired by Darren Jordan. The day-lo-day running of the School is delegated to the Head who is supported by the Senior Management Team and together this group make up the key management personnel Isee page 21. The Head allends all meetings of the Governing Body's Committees, as does the Chair of Governors. The new Head was appointed with effect from 1st September 2025. Remuneration for the Head is sel by the Governin9 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 policy is reviewed annually, including reference to comparisons with other independent schoo5s, 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 ils key management personnel and slaff costs sre the largest single element of ils charitable expenditure. Group structure and relationships SJCS International Limited I'SJCSI l is a wholly-owned subsidiary of, and is controlled by, the School. It was sel up by St 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 licence the intellectual property of the School lo a partner in China in return for a fee with the aim of setting up nurseries overseas in the School's name. The annual taxable profits of SJCSI are donated lo the School under the Gift Aid scheme. The results of SJCSI are not consolidated into Ihese financial slalemenls as the School is itself a subsidiary of a larger group, Si John's College. The results of SJCSI are therefore consolidaled into the results of St John's College as ultimate parent of the Group. St John's College On 10 Septefflber 2021, the activities 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 Co15ege is Ihe sole mernber of the Company and the School Governors are the directors and the charity Iruslees. The nel assets of the School, including restricted and endowment funds with restricted purposes for the School, were also Irarisferred lo the School on 10 Seplember 2021. The results of the School are consolidated within the Group f1nancial slalemenls of the College. Page14

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2025 OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES Charitable Objects The School's Object, as sel out in the Articles of Association, is to promote and provide for the advancement of education of pupils ol any age. In 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 The School is a caring community that aims lo provide an oulslanding education lo boys and girls aged 4 -13. 11 aims lo foster the aptitude5 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 to see the world through their eyes informs ils leaching and ils care. Pastoral Care and Wellbeing The School believes that emotional and social wellbeing. self-awareness and confidence are inextricably linked with academic progress. Creativity The School encourages children lo become independent. creative learners and critical thinkers, equipped with the skills to collaborate, problem-solve, self-reflect and adapt. Academic Excellence The School aims lo offer ari oulslanding education through a rich and broad curriculum which enables children lo reach the highest levels of attainment supported by the very best quality of leaching, premises and resources. Comrnunity The School encourages children lo have a geneiosily 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 ils 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 co-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 lrfe. 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 408 pupils of whom 392 were day pupils. 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 framework of shared values and standards., and lo value and nurture pupils as individuals, giving them a sense of their own self-worth and of the value of service lo others, thus preparin9 them for life beyond school. Primary objectives The primary objectives of the School lo fu￿11 these aims are.. Page15

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2025 lo provide a happy, secure and nurturing environment in which pupils can learn lo be their best selves and to live together and thus foster a sense of community, co-education, respect for one other and good citizenship", to provide a slimulaling learning environment in which pupils can develop their academic potential lo the full., lo provide pupils with the opportunity lo lake advanl3ge of a breadth of co-curricular activities in order lo develop positively all aspects of their character,. lo provide pupils with the opportunity lo lake decisions based on their own judgmenl and lo communicate those decisions appropriately and effectively., and lo provide financial 5UPPOrt lo enable children whose parents are unable lo afford the full fees to benefit from the School s education. Strategies to support the achievement of the primary objectives The School's primary focus will continue to be on leaching and learning and pastoral care. The strategic priorities and activities undertaken lo deliver the objectives agreed in the Vision 2026 strategy, are set out below. Marketing.. a focus on marketing is required lo increase awareness of the School in an increasingly competitive market and lo give the School greater control over pupil numbers by reéucing as much uncertainly as possible in the admissions process and increasing enquiries. During the year, the School developed a new marketing strategy in the light of the potential impact on pupil numbers resulting from the introduction of VAT on fees. Through various inilialives, the School aims lo promote the School's slrenglh5 and allracliveness lo a wider audience of both prospective and existing parents. Bursaries.. Governors are commilled lo improving accessibility lo the School's leaching and learning throLJgh an endowment lo finance bursaries in the future. This endowment 15 to be buill IhroLJgh fundraising. The appointment of a Director of Development In September 2024 has led lo a launch of 8 significant campaign lo raise money for the Bursary Endowment Fund. This aims lo improve accessibility lo a Sl John's College School education for those who would not be able lo afford il without financial assistance. Diversity, Inclusion and Equity.. The School is commilled lo being as diverse, inclusive and equitable as possible in all il underlaken and has continued lo work on embedding a cullure of diversity, inclusion and equity in all aspects of school life with the support of Equalileach. Envlronmental sustainability.. The School is committed lo being as envifonmenlally sustainable as possible. During the year, the School commissioned an Energy Infraslruclure Upgrade and Decarbonisalion Report, the results of which will be consideied as part of the School's future Inveslmenl in the eslale and facilities. Partnership and outreach.. The School Is already commilled lo partnership arid outreach work which it wishes lo expand, particularly in the local community. Work has continued with local schools, in particular in the areas of drama and the School's Emotions for Learning programme. This has continued the School's aim to be Involved in ils local community. Facilities. The School wishes to ensure that the faci111ies remain at the level required to help deliver a high standard of education. The focus during the year was on opportunities for improved environmental suslainabilily as well as the needs of pupils in a rapidly changing leaching and learning environrllenl. Relationship with St John's College. the good relationship with St John's College is fundamental lo the School succeeding and achieving Ils aims and objectives and the School is proud lo educate and look after the College choristers and support them in the parl Ihey play in one of the leading choirs In the world. Page16

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2025 Public benefit The Governors are mindful of the long-standing need lo provide public benefit and of the requirements of the Charities Act 2011. In setting the School aims and objectives and planning the School's aclivilies, the Governors have considered the Charity Commission's guidance on public benefit. The School actively supports the allainment of the highest standards of education through rigorous and continuous evaluation of quality and performance. the application of best practice and a widespread desire lo improve standards. The School cooperates with local charities and educational bodies in ils ongoing endeavours lo widen public access lo the schooling il provides, lo oplimise the use of its cultural and sporting facilities and lo awaken in ils pupils an awareness of the socia1 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 Ihal public 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 pub5ic benefit aims. The awarding of bursaries for those that might otherwise not be able lo attend the School, or where families might need lo withdraw their children from the School, for financial reasons is a measurable means of providing public benefit. The Governors lake the view that bursaries awarded lo those who would not otherwise be able lo afford the fees are important, but not lo the exclusion of the much wider benefit that the School provides within the community. Those pupils who attend the school and who receive financial support Contribute lo the school community in a variety of ways, and so the benefit is not purely lo these PLJpils bul lo Ihe whole School and, in sorne cases, lo the wider community. This year 38 pupils131 in 20241 were awarded bursaries and scholarships lolalling £813k {£622k in 2024}. Within this, means- tested awards based on financial circumstances loialling £264k 1£162k in 20241 were awarded by the School lo 18 PLJpils {11 in 20241, including two for full fees13 in 20241. In addition lo bursaries, the School has engaged In many other activities that provide benefit lo the public within the School's obiectives.. Emotions for Learnlng (E4LI Outreach.. Emotions For Learning IE4LI training was undertaken 81 Melbourn Primary School and Pelersfield Primary school and children al Melbourn Primary School were laught Mindfulness. Computing Outreach: In June 2025, the School ran Microbil workshops for 3 local schools. This provides CPD for the le8cher and extension for gifted programmers. Further afield, the School supports the Teach the Teacher Programme, a Rotary funded project lo bring cloud-based school leaching, teacher Iraining and adull education lo The Gambia. Drama Outreach.. Outreach work included assisting Barringlon Primary School in the performance of A Midsummer Nighl's Dream and supporting Gislingham Primary School with their performance of Twelfth Night al the Apex Theatre in Bury Sl Edmunds as part of the Shakespeare Schools, Festival. Outreach Piano Concerts= This regular serie5 goes from strength to strength and offers a rewarding opportunity lo local young musicians who do not have access lo a regular performance plattorm of such quality. Senior Citizens- The School continues ils links with local care homes and the residents joins the school for lea and enlertainmenl every Christmas and summer term. Governorships.. Four members of staff are governors of local slate primary schools. ACHIEVEMENTS AND PERFORMANCE School performance The School's Year 8 leavers achieved some of the best academic standards in recent years and passed competitive exams lo enter senior schools of their choice. 39 pupils achieved places al independent day schools in Cambridge, 13 al other Independent schools, including a number of boarding schools, and 1 to a local slate secondary school. 30 awards were won by pupils including 8 academic awards, 7 sport awards. 6 music awards, 5 drama awards, 2 art awards, 1 design and technology award and 1 dance award. Other highlights included.. Page17

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2025 10 pupils were successful in the National Poetry Competition, 'Wonderverse'. The competition was for children to write about their awe and wonder al the mysteries of our world and universe. Many pupils won certificates in Maths Challenges. including 16 Gold Certificates in the Junior Maths Challenge with 11 pupils qualifying for the r)exl round and 2 qualifying for the Junior Olympiad. A Year 8 malhemalician qualified for the prestigious 'Grey Kangaroo, round of the Inlermediale Nqalhs Challenge. 2 teams qualified for the National Prep-school Science Quiz semi-final. Four Year 6 girls secured second place in the Rotary Cambridge Coding Competition 2025. A Year 7 pupil was commended in the Anlhea Bell Prize for young Iranslalors. A Year 8 pupil won the Young Brush Art Prize in the International Youth Drawing Competition. Sport The School continued lo focus on making sport Inclusive. Many teams involving older pupils entered local and n31ional competitions. Notable successes were the U11 Girls, team who came second in the Cambridge United Football Tournament and U11 Boys, football team who were runners up in the EFL Kids Cup organised by the Cambrid9e United Foundation and the U125 and UIOS rugby teams who had an unbeaten season. There were individual successes for pupils in alhlelics and show-jumping. A Year 6 pupil was crowned kart-racing champion in the Micro Max class al the Rolax Wodd Championship. Music The girls and boys of the Sl John's College Choir continue lo excel and the Choir is regarded as one of the be51 in the world. As well as the round of services and concerts held in Si John's College Chapel within the Cambridge University term, the choir toured Europe in December and the USA in April. The Choir has also continued ils collaboration with the Gesualdo Six. In the School, about 60 concerts took 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 gained a distinction in a piano diploma award. As well as the 20 choristers of St John's College, 3 pupils sing in Jesus College Choir Icarnbridgel, and 2 in the St Calharine's College Girls, Choir Icambridgel. Drama Every year group iri the School performs a play each year. Highlights included Reception and Year 1 Nativity plays, Year 6's production of 'Fanlasli¢ Mr Fox" Year 7's production of °The Wiz8rd of Oz. Year 8's performance of the School's annual 'P8ssion Play and a 'Shakespeare Evening, which included a cameo appearsnce from a pupil's pony. Art and DT Arl and Design and Technology continue lo produce high standards as curriculum and co-curricular opportunities within Ihe life of the School. FINANCIAL REVIEW Results for the year The nel movement in funds In the year was a deficit of1£803kl1£344k surplus in 20241. The nel income from charitable activities In the year was a deficit of1£803kl1£344k surplus in 20241. Tolal income was £9.Om 1£9.3m in 20241 with the reduction primarily due lo reduced pupil numbers driven by the imposilion of VAT on fees, partly offset by an increase in ancillary trading income of £542k1£506k in 20241. Total expenditure was £9.8m1£9.1 m In 20241 due to increased leaching costs lincluding inflalionsry pay increases and redundancy payments}, premises repair and mainten2nce, and increases in bursary expenditure. Endowed funds The school's endowmenl con51sls of numerous Individual 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 Tequiremenl or implicit intention that Page18

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2025 the funds shall not be spent immediately but should be retained for the medium or long term. Where the retention of capital is explicitly indicated and there is no power lo expend capital, the capital is shown as permanent endowment. Other funds received can only be spent for specific purposes. In both cases income arising is shown as reslricled funds, lo be used only for the purpose specified by the donor. During the year, these funds were initially invested in the Sl John's College consolidated Trust Fund, which is a pooled portfolio of stocks and shares. and cash, controlled and managed by the College.. In August 2024. the College transferred the funds lo the School, and the funds are now managed by a professional fund manager, CCLA, on the School's bettalf in accordance with the School's Investment Policy. Reserves policy and financial viability The Governors recognise the need for prudent management of the School's finances and lo build reserves over lime. The School's policy is lo build reserve5 to a prudenl level, considering the need lo maintain the School sile and fund future capital expenditure, all the while retaining sufficient unrestricted income reserves lo enable the School to continue lo meet ils short-term financial obligations in the event of an unexpected revenue shortfall. As at the end of June 2025, the lolal funds of the School were £6.5m which comprised Endowed funds of £1.2m, Restricted funds of £0.1 m and Unrestricted funds of £5.3m. The Unreslricled funds comprised designated funds. including fixed assets of £7.1 m, offset by a General Reserve deficit of1£1.9ml. The defi¢il in General Reserves has increased by £0.5m since 30 June 2024,. 11 is the Governing Body s intention lo reduce the General Reserves deficit over lime. The School continues lo remain in a healthy financial position, with £2.Om of cash and cash equivalents al 30 June 2025 1£2.5m in 20241, although this does flucluale during the year. The reduction in cash balance in the year was principally ue lo adverse working capital movements. There is close monitoring of cash and the working capital position against cash flow forecasts. After the year end, on 1 St JLJ1y 2025, the School drew down £1 m from the Reverse Premium facilily under ils lease with the College. Under the terms of the facility, the School pays additional annual rental payments of 30/0 of the amount drawn down over the remainder of the lease period. Following the review of forecasts covering the period lo December 2026, which considered scenario planning around future pupil numbers, rising employment costs and other inflationary increases, alongside further funding available under the Reverse Premium facility, the Governors are satisfied that the School has sufficient working capital lo meet its commitments as they fall due and thal there are no materi21 uncertainties surrounding ils ability to continue as a going concern. PRINCIPAL RISKS AND UNCERTAINTIES The major risks lo which the School might be exposed are regular5y considered by the Senior Managemenl Team and the Governing Body through review of the risk register. Where appropriate, sleps are taken lo mitigate identified risks and, rf appropriate, lo Insure againsl the potential financial irllpacl of the residual risks. The Governors consider that the necessary steps have been taken and continue lo be taken lo idenlrfy and miligale major risks. The principal risks that the School faces are.. The impact of future changes lo existing charilable exemptions leading lo unaffordabilily for parents and reduction in pupil numbers. Strategic planning and modelling of scenarios has been ijndertaken to Mil￿gate as far as possible. Cost conlrols and consideration of allernalive forms of funding are part of mitlgalion. The impact of demographic and societal changes such as the reduction in the birth rale leading to fewer pupils applying for places in the younger year groups. The School undertakes regular analysis of admissions data and local demographics. Investment in marketing is a strategic objective lo miligale against falling pupil roll. The impact of a loss of infrastructure, whether that be access lo buildings le.g. firel or a loss of IT systems, including by a cyber-allack. School buildings are maintained in good condition and with appropriate insurance in place. IT syslerns are monitored on a regular basis. The School has a Crisis Management Plan which is regularly reviewed. The irnpacl of natura5 disasters such as another pandemic leading lo business interruption and reduction of pupil nuTnbers. Strategic planning and scenario planning including lessons learned from the Covid-19 pandemic allempt to rniligale risk of another such disaster. Detailed consideration of risk is delegated lo the Finance & General Purposes Committee, which reports formally lo the Governing Body. The structure of the Committee comprises al least three members of the Governing Body, assisted by Senior Management. The risk managemerTrl process and the resulting Report identifies risks, assesses their impact and likelihood and, where necessary, recommends controls to miligale and monitor those risks that are assessed as high. The generic controls used by the School to minimise risk include.. Page19

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2025 detailed terms of reference together with formal agendas for Committee and Governing Body aclivily., slralegic development planning reviewed by the Governing Body, including during an annual strategy day,. comprehensive budgeting and management accounting", established organisalional structures and lines of reporting., formal wrillen policies including clear aulhorisalion and approval levels which are reviewed", and vetting procedures as required by law for the protection of the vulnerable. The Governors regularly review the effectiveness of Current plans and strategies for managing all idenlified major risks for both the School and Ils subsidiary. FUTURE PLANS The School's current Strategic Plan was agreed by the Governors in June 2022 and is subject to annual review. With the appointment of a new Head In Seplember 2025, a new Strategic Plan will be developed during the 2025 - 2026 academic year. The main slrategic areas of focus for the 2025 - 2026 academic year, alongside continuing lo slrenglhen the school's pastoral care and teaching and learning, will be a continued focus on marketing initiatives lo increase Interest in the School and Increase the pupil roll," further investment in the maintenance and development of the School sites., and fundraising for an endowment for bursaries. Fundraising During the year ended 30 June 2025, the school has not undertaken any fundraising activity requiring disc105ures lo be made under the Charities (Protection and Social Inveslmenll Act 2016. Page | 10

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 30 JUNE 2025 STATEMENT OF ACCOUNTING AND REPORTING RESPONSIBILITIES The members of the Governing Body (who are a150 the directors of Sl John's College School. Cambridge for the purposes of company lawl are responsible for preparin9 the Annual Report and the financial slalemenls with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Slandard5}. Company law requires the Governing Body lo prepare financial statements for each financial year. Under that law the Governing Body are required lo prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice and applicable law. Company law requires the members of the Governing Body lo prepare financial 51alements for each financial year. Under company law the Governing Body members must not approve the financial statements unless they are satisfied that Ihey 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, of the charitable group for that year. In preparing these financial slalemenls, the Governing Body members are required lo.. select the most appropriate accounting policies and then apply them consislenlly., observe the methods and principles in the Charities SORP., make judgments and accounting eslimales that are reasonable and prudent,. slate whether applicable Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial slatemenls., 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 keeping adequate accounting records that are sufficient lo show and explain the charitable company's transactions, disclose with reasonable accuracy al 3ny time the financial position of the charitable company and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006 and the provisions of the charity's conslilution. 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 irregtjlarilies. Relevant audit information Insofar a5 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 the company's auditor in connection with preparing the audit reportl 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 tsken 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 Ihal information. This Annual Report, including the Strategic Report, was approved by the Governing Body of the School on 28th November 2025 including, In Iheif capacity a5 cornpany directors, approving the Governors, Report and signed on 115 behalf by.. Lindsay D Chair of Goverriing Body rth Page111

OPINION

We have audited the financial statements of St John’s College School, Cambridge (‘the charitable company’) for the year ended 30 June 2025 which comprise the Statement of Financial Activities, Charity Balance Sheet, Statement of Cash Flows and notes to the financial statements, 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 the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to 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 misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to 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

Page 12

applicable legal requirements.

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis 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, together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may

Page 13

exist within the charitable company for fraud. The laws and regulations we considered in this context for the UK operations were The Education (Independent School Standards) Regulations 2014.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing and recognition of non-fee income, procurement processes for significant capital projects and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management and the Finance and General Purposes Subcommittee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, Independent Schools Inspectorate, Ofsted and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed noncompliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect noncompliance with all laws and regulations.

Use of our report

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

Nicola May Senior Statutory Auditor For and on behalf of Crowe U.K. LLP Statutory Auditor London

Date: 10 December 2025

Page 14

ST JOHN'S COLLEGE SCHOOL. CAMBRIDGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025 Unrestricted Reslricled funcss funds 2025 2025 £'ooD £'ooo Endowed Funds 2025 £'ooo Total Funds 2025 £'ooo Total Funds 2024 £'ooo Notes ncome and endowments from: Charitable activities School fees receivable Ancillary trading income Other trading activities Non-ancillary trading income Investments Investment income Voluntary sources Donations 2nd legacies 8,203 542 8,203 542 8,S02 506 52 52 115 115 134 92 92 102 Total income and endowments 8,912 92 9,004 9.287 Expenditure on.. Raising funds Non-ancillary trading Other income-generating activities Financing costs Investment management 23 168 23 168 38 167 Total Expenditure on raising Funds 198 198 220 Charitable activities Education aNd grant making 9,328 282 9,611 8,883 Total expenditure 9,526 282 9,809 9,103 Net Ideficil} l income from operations 16151 11901 {8051 184 Gains on investment 10 160 Nel Ideficill l income for the year (6151 11901 18031 344 Transfers between funds 15 208 12081 Nel moverment in funds in the year 1615} 18 {2061 1803) Page | 15

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025 {continued} Notes Unrestricted Reslricled funds funds 2025 2025 Endowed funds 2025 Total funds 2025 Total funds 2024 £'ooo £'ooo £'ooo £'ooo £'ooo Net movement in funds in the year 16161 19 12061 18031 Fund balances brought forward as al 1 July 2024 5,884 64 1,389 7.337 6,993 Fund balances carried forward as at 30 June 2025 5,268 83 1,183 6,534 7.337 Page | 16

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE BALANCE SHEET AS AT 30 JUNE 2025 Company number 13396877 Notes 2025 £'ooo 2024 £'ooo FIXED ASSETS Tangible assets Investments 7,071 1,183 7,170 1,376 10 8,254 8,546 CURRENT ASSETS Debtors Cash and deposits 499 2,031 2,530 992 2,491 3,483 CURRENT LIABILITIES Creditors payable within one year 12 1.549 1.789 NET CURRENT ASSETS 981 1.694 TOTAL ASSETS LESS CURRENT LIABILITIES 9,235 10.240 LONG-TERM LIABILITIES Creditors payable after one year 13 2,702 2.903 NET ASSETS 6,533 7,337 REPRESENTED BY.. ENDOWED FUNDS RESTRICTED FUNDS UNRESTRICTED FUNDS Designated Reserve General Reserve 15 15 1,183 83 1,388 65 15 15 7,131 11,8641 7.220 11.3361 6,533 7,337 These financial slalements were approved and aulhorised for issue by the Governing Body on 281h November 2025 and were signed on its behalf by.. Lindsay Dod Chair of the G ning Body The notes on pages 2110 37 form part of these financial slalemenls or Pagel 17

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 30 JUNE 2025 Notes 2025 £'ooo 2024 £'ooo Net cash outflow from operations Nel cash provided by operating activities 11681 614 Cash flows from Investing activities: Payments for tangible fixed assets Payments for acquisition of inveslrnenls Withdrawals from securities investments portfolio Investment income and bank interest received {2421 113} 208 115 11101 1241 212 135 Net cash provided by investing activitlgs 213 Cash flows from financing activities.. New endowment Repayment of borrowing Finance cos15 paid 11921 168 11731 167 Net cash provided by financing activities 1360) {3271 Change in cash and cash equivalents in the year {4601 500 Cash and cash equivalenls at the beginning of period 2,491 1.991 Cash and cash equivalents at the end of the year 2,031 2,491 Page | 18

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Reconciliation of net income to net Cash flow from operating activities 2025 2024 £'ooo £'ooo Net (Deficit) I Income from operations 18051 184 Elimination of non-operaling cash flows.. Investment income Endowment donations Fin2nce cost5 Investment management charges Depreciation charge Decreaselllncreasel in debtors Increaselldecreasel in creditors (excluding deposit) IDecreaselllncrease in fees in advance creditor Increase in parents, deposits Net cash loutflowllinflow from operations 11151 (1351 113) 167 168 340 493 381 {6541 {781 737 1723) 11681 614 Analysis of cash and cash equivalents 2025 £'ooo 2024 £'ooo Pelly Cash Cash al bank Deposits 19 811 1,201 2,031 15 797 1,679 2.491 Analysis of net debt 30 June 2024 £'ooo Cashflows 2025 £'ooo 30 June 2025 £'ooo Cash al bank Loans Nel debt 2,491 {3,0951 16041 14601 192 12681 2,031 {2,903) 1872) Page | 19

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) 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 facilitate the transfer of School assets from Sl John's College lullimale parent) lo a separate legal enlily. 11 is a Public Benefit Enlily operating from ils registered office al 75 Grange Road, Cambridge CB3 9AA. ACCOUNTING POLICIES Financial statements and con$olidation The financial statements cover the year from 1 July 2024 to 30 June 2025, comparative information is presented for the period 1 July 2023 10 30 June 2024. The financial slalemenls have been prepaTed on the historical cost basis of accounting, as modified by the revaluation 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 to the School together with the expected ongoing demand for places and the School's future projected cash flows, the Governors 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 financial viability. Accordingly, they also continue lo adopt the going concern basis in preparing the financial slalemenls as outlined in the Slalernenl 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 8ssumptlDns about the Carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 3ssumplions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these e51im8les. The estimates and undeTlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales 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 if the revision affected current and future periods In the view of the Governors, no assumptions concerning the future or eslimalion uncertainly affecting assets or liabilities at the balance sheet dale are likely lo result in a material adjuslmenl 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 lo the School's financial slatemenls. School fees and similar earned income Fees receivable and charges for services and use of the premises, less any allowances, scholarships, bursaries granted by the School against those fees, bul 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 the dale on which the School has enlillemenl to 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 enlillemenl arises, the amount can be reliably quantified and the economic benefit to the School is considered probable. Voluntary income for the College's general purposes is accounted for as unreslricled and is credited lo the General Reserve. Where through the terms of an appeal or from the donor there is a trust law restriction on the use of any voluntary income, the income is credited lo the relevant reslricled funds or endowment. Grfls in kind Page | 20

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) are valued at eslimaled open market value al the dale of grft, in the case of assels for retention or consumption, or al the value lo the College in the case of donated services or facilities. Expenditure Expenditure is accrued as soon as a liability is considered probable. Expenditure atlribulable lo more than one cost category in the Statement of Financial Activities is apportioned to them on the basis of the estimated amount allfibutsble lo each activity in the year, either by reference lo staff time or the use made of the underlying assets, as appropriate. Irrecoverable VAT is included with the item of expenditure lo which il relates. Investments Listed and a11ernalive investments are reported al the value reported by CCLA at the balance sheet dale. For all listed and olher investments where there is an active market the investments are valued al their quoted market prices. Allernalive investments where there is no active market are valued based on the nel asset values of the underlying assets published by the fund managers al the balance sheet dale or. where necessary, al the nearest available valuation dale. Gains and losses arising on the revaluation of investments are credited or charged to the Slalemenl of Financial Activities and are allocated lo the appropriate Fund according lo the'ownership. of the underlying assets. Investments in subsidiaries are valued al cost less provision for impairment. Tangible fixgd assets Expenditure on the 8cquisilion, construction or enhancement of land 2nd buildings 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 al historical cost. Other expenditure on equipment incurred in the normal day-lo-day running of the College and ils subsidiaries is charged lo the Statement of Financial Activities as incurred. Depreciation Depreciation Is provided lo write off the cost of all relevant tangible fixed assets less Iheir estimated residual values based on current market prices in equal annual inslalmenls over their expected useful econornic lives as follows.. Leasehold building improvements Computer equipment Other equipment 50 years 3 years 6 years 2.10 Fund accounling The charitable trust funds of the School are accounted for as unreslricled or restricted income. or as endowment capital, In accordance with the terms of trust imposed by the donors or any appeal lo which they may have responded. Endowmenl funds are further sub-divided into permanent and expendable. Unrestricted income belongs to the School's corporate reseNes, spendable al the discretion of the Governors either lo further the School's Objects or lo benefit the School itself. Where the Governors decide lo sel aside any part of these funds lo be used in future for some specific purpose, this is accounted for by transfer lo the appropriate designaleé 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 reslriclion lo some specific purpose intended by the donor. Permanent endowment fepresenls specific gifts and donations that have been received over lime and rnusl be maintained as part of the endowment of the School. The income arising on all capital funds has been recorded in the Consolidated Statement of Financial Activities. Page | 21

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) Expendable endowment 8rises where a donor intends the gift lo be retained but with the addilional condition that all capital can be converted into Income for spending either al the Governors, own discretion or else upon the happening ol some event contemplated by the donor. 2.11 Operating leases Rentals under operating leases are charged on a slr8ighl-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 operaling1ease are similarly spread on a slraighl-line basis over the lease term. 2.12 Financial instruments Basic financial inslrurnenls are initially recognised al Iransaclion value and subsequently measured al amortised cost. Financial assets held al amort15ed cost comprise cash al bank and in hand, together with trade and olher debtors. A specific provision is made for éebls 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 amortised 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 payments lo def1ned contribution pension schemes for the benefil ol employees. Contributions payable are charged to the Slalement of Financial Activities In the year lo which they relate. CHARITABLE ACTIVITIES- FEES RECEIVABLE 2025 £'ooo 2024 £'ooo Fee5 receivable consist of: School fees Less.. lolal scholarships and bursaries 8,808 813 8,911 622 7,995 208 8,289 213 Add back.. Bursaries and other awards paid by reslricled funds 8,203 8,502 Scholarships and bursaries of £813k 1£622k in 20241 were awarded. £549k 1£424k in 20241 was paid as scholarships lo 20120 in 20241 choristers and £264k1£162k in 20241 was paid lo 18111 In 20241 pupils as means-lesled bursaries. Pa9e | 22

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) CHARITABLE ACTIVITIES- OTHER INCOME 2025 £'ooo 2024 £'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 Regislralion Fees 20 57 14 28 19 303 60 36 29 55 18 77 199 56 50 542 506 OTHER TRADING ACTIVITIES 2025 £'ooo 2024 £'ooo Trading income Lellings 52 43 INVESTMENT INCOME Total 2025 £'ooo Total 2024 £'ooo Securities investment income.. Income from investments in Sl John's college consolidated Trust Fund Income from inveslmenls in CCLA funds Bank and other interest 23 115 115 134 Page | 23

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) ANALYSIS OF EXPENDITURE (a Total expenditure Staff costs Depreciation Inole 8} Inole 91 £'ooo £'ooo Other Total 2025 £'ooo Total 2024 £'ooo £'ooo Expenditure on raising funds Trading costs Cost of other activities Financing Costs Inve51fftenl and eslales management 23 168 23 168 38 167 Total Expenditure on raising funds 195 198 220 Charitable expenditure Education and grant making Teaching Welfare Premises repair and maintenance Support Costs and governance EHCP cosl Grants, awards and prizes Inole 4,377 167 176 938 76 90 787 37 1,233 859 5,254 208 1,552 1,899 76 622 4,954 187 1,461 1.769 60 452 143 102 622 71bll Total charitable expenditure 5,734 339 3,538 9.611 8,883 Total expended 5,736 340 3,733 9,809 9,103 Ib) Grants, awards and prizes 2025 £'ooo 2024 £'ooo From Reslricted Funds.. Bursaries Prizes and leaving awards From Unrestricted Funds- Other grants and awards 208 212 413 240 622 452 Page | 24

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 {continuedl Governancg included in support costs.. 2025 £'ooo 2024 £'ooo Remuneration paid lo auditor for audit services Reimbursement of personal expenses lo Governors - travel costs 26 26 29 27 Travel expenses of £1 k were reclaimed by 4 members of the Governing Body. No other remuneration was paid lo members of the Governing Body in the year. In addition lo the above audit remuneralion, the auditor received fees for the audit of SJCS International Limiled lolalling £3,171 STAFF COSTS 2025 £'ooo 2024 £'ooo The aggregate payroll costs for the year were as follow5.. Wages and Salaries Social security costs Pension costs 4,688 450 598 4,330 397 578 5,736 5,305 Aggregate employee-benefils of key management personnel 692 701 2025 2024 Number of higher paid employees in bands of.. £60,001 10 £70,000 £70,001 to £80,000 £80,00110 £90.000 £90,001 to £100,000 £110,001 to £120,000 £120,001 to £130,000 £130,001 to £140,000 The number with reliremenl benefits accruing in Defined Contribution schemes was 1791179 in 20241, of which the contributions amounted to £598k1£561 k in 20241. Page | 25

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) The average number of the School's employees during the year was 139 {135 employees in 2024}. 2025 2024 Teaching Welfare Premises Support Other activities 87 10 96 16 18 16 12 139 135 During the year there were redundancy or lerminalion payments made which amounted lo £194,3401£20,171 in 20241, and al the year-end £86,000 had not been paid (£0 in 20241. TANGIBLE FIXED ASSETS Leasehold Computer improvements Equiprllenl £'ooo £'ooo Other Equipment £'ooo Total £'ooo Cost At 1 July 2024 Additions Disposals 7.525 118 475 49 278 74 8,278 242 AI 30 June 2025 7,643 524 352 8,520 Depreciation At 1 July 2024 Charge for the year Disposals 601 214 371 81 136 45 1,108 341 AI 30 June 2025 816 452 181 1,449 Nel book values At 30 June 2025 6,827 73 171 7,071 Al 1 July 2024 6,924 104 142 7,170 Page | 26

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) 10. INVESTMENTS 2025 £'ooo 2024 £'ooo Investments Al 1 July 2024 Adéilions Disposals Increase in value of investments Investments at 30 June 2025 1,376 13 12081 1,413 24 {2211 160 1,376 1,183 Investment in SLJbsidiaries School investments at 30 June 2025 1.183 1,376 Investments comprlse: Units in CCLA funds Units in Sl John's College Consolidated Trust Fund Investment in subsicjiaries School investments 1,183 1,376 1,183 1,376 Al 30th June 2024, 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, CCLA Investment Management Ltd. The School is the beneficial owner of the funds 11. DEBTORS 2025 £'ooo 2024 £'ooo Fees and extras Other debtors Prepayments Amounts due from subsidiary companies 169 70 128 132 618 32 186 156 499 992 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £'ooo 2024 £'ooo Entry Fee deposit Loans Trade creditors 291 202 196 285 192 97 Page | 27

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 {continued) Taxation and social security Other creditors Accruals Deposit from parents Deferred income - Fees received in advance of term 414 88 169 55 134 98 74 144 42 857 1,549 1,789 Deferred income represents school fees received in advance for the 2024125 school year and were fully ulilised during the year. 13. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 £'ooo £'ooo Loans 2,702 2.903 The School has an oulslanding loan with the College, repayable over a 15-year term with fixed interest of 5.160/0. Al 30 June 2025 the remaining commitments were as follows.. 2025 £'ooo 2024 £'ooo After five years Within two lo five years Within one lo two years Greater than one year Within one year 1,784 706 212 2,702 201 2,903 2,030 671 202 2.903 192 3,095 Page | 28

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 {continued) 14. FUNDS OF THE SCHOOL The School's funds are analysed under the following headings. 14.11 Endowed Funds 14.1 al 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 that the funds shall not be spent immediately but should be retained for the medium or long term. Where the retention of capital is explicitly indicated and there is no power lo expend capital as income, the capital is shown as permanent endowment, otherwise as expendable endowment. In both cases ￿ncome arising is shown as reslricled funds. These funds are invesled in the Sl John's College consolidated Trust Fund, which is pooled portfolio of stocks and shares, and cash. The endowment funds are.. 14.1bl Permangnt endowments Cherry & King Funds Education & musical training of choristers in need of financial assistance Solely for the benefit of Choristers al Ihe school. For the benefit of Choristers in need of financial assistance For the benefit of Choristers in need of financial assistance Parents or guardians not able lo pay school fees. Clock lo Young choristers Numerous individual gifts to establish prizes for pupils. Education & fllusical training of pupils in need of financial assistance. For parents in need of financi81 assistance Goodchild Fund Hackwood & Cope Funds Earl Fund Luton Fund Slrasburger F¢Jnd Pupils Gifts funds Ince Fund Bursary Endowment Fund 14.1cl Expendable endowments Bursary Fund Davies Fund Fuller Fund For parents in need of financial assistance For music and wider community, not excluding pupils of the school Solely for the benefit of Choristers 14.21 Restricted Funds 14.2a} Special Trust Funds These represent gifts, donations, legacies elc. received from external donors for specrfic purposes bul where there is no requirement lo preserve capital logelhef with unspent income from certain endowmenls. Expenditure directly financed by such gifts is shown under reslricled funds. In addition, unspent balances accumulated on certain endowment funds are held as reslricled funds. School 8ursary Fund For parents In need of financial assistan For the benefit of Action Aid UK Children's PSHE Fund Pupils gifts funds Cherry & King Funds Numerous individual gifts lo establish prizes for pupils Education & musical training of choristers in need of financial assistance Solely for the benefit of Choristers Solely for the benefit of Choristers al Ihe sehool. Education & musical training of pupils in need of financial assistance Fuller Fund Goodchild Fund Ince Fund Page | 29

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) Hackwood & Cope Funds EHCP grant For the benefit of Choristers in need of financial assistance Grants lo improve the quality of a childTen's learning experience 14.31 Tangible Fixed Assets Funds Instrument Fund For music instrument for the benefit of the pupils in the school and the wider community Numerous individu81 gifts lo establish prizes for pupils. For music and wider community, not excluding pupils of the school Pupils Prize Fund Stringmoves Fund 15. MOVEMENTS ON MAJOR FUNDS Al 1 July 2024 £'ooo Income Expenditure Transfers Gainsl At 30 June Ilossesl 2025 £'ooo £'ooo £'ooo £'ooo £'DOO Endowed Permanent Cherry & King Funds Goodchild Fund Hackwood & Cope Funds Earl Fund Lulon Fund Slrasberger Fund Pr1zes Funds Bursary Endowment Fund Ince Fund Total Permanent 84 128 19 389 131 128 19 391 131 145 148 215 1,126 114 1114} 98 1,015 Bursary Fund Davies Fund Fuller Fund Total Expendable 23 233 1231 1711 1941 162 168 262 Total Endowment 1.388 12081 1,183 At30 June 2024 £'ooo Income Expenditure Transfers Gainsl {lossesl A130 June 2025 £'ooo £'ooo £'ooo £'ooo £'ooo Restricted funds Bursary. Scholarship & Outreach Fun Bursary Endowment Pupils gifts funds Cherry & King Funds Goodchild Fund 12051 208 14 26 25 Page | 30

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) Earl Fund Lulon Fund Davies Fund Prizes Funds EHCP Grant & donations 19 76 1761 Total Restrlcted 65 93 12821 208 83 Designated funds.. Tangible Fixed Assets Instrument Fund Stringmoves Fund Pupils trip funds Total designated funds General reserve 7,170 241 13401 151 7,071 27 14 7,220 11,336) 27 24 7,133 11.8631 303 550 8,361 {2941 16391 {8,8871 Total Unrestrictod Funds 5,884 8,912 19.5261 5,269 Total Funds 7,337 9,004 19,8081 6,533 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Endowed Restricted Unrestricted 30 Jung 30 June 2025 2024 Total Total £'ooo £'ooo £'ooo £'ooo £'ooo Tangible fixed assets Investments Nel current assets Long term liabilities Total Funds 7,071 7.071 7,170 1,183 1,376 981 1,694 12,702) 12,9031 1,183 83 898 12,7021 1.183 83 5,267 6,533 7,337 17. OPERATING LEASE COMMITMENTS The S¢hool has a lease agreement with the College that expires in 2051 and has a 12 months. notice period of termination. The operating lease (land and buildings) commitments as al 30 June 2025 were as follows.. 2025 £'ooo 494 494 2024 £'ooo 476 476 Within one year Page | 31

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) 18. SUBSIDIARIES AND RELATED PARTY TRANSACTIONS St John's College The School is a 1 OOV/o subsidiary of Sl John's College (Charity number.. 11374281. During the year, the School paid rent and other administrative charges lolalling £634k and interest of £156k lo the College. The School also made loan repayment5 of £191 k in the year lo the College. Al 30 June 2025. the school had an oulslanding loan balance due lo the College of £2.9rll. The College paid school fees and additional costs relating lo Ihe Choristers of £550k lo the School. SJCS International Limited The School owns 100ty/o of the issued share capital of SJCS International Limited (company no. 111228161. SJCS International Limited I'SJCSI'I was sel up by Sl John's College in 2017 as a company limited by shares. The primary Purpose of SJCSI Is lo licence the intellectual property of the School lo a partner in China in Teturn for a fee with the aim ol setting up nurseries overseas in the School's name The annual taxable profits of SJCSI are donated lo the School under the Gift Aid scheme. The results of SJCSI are not consolidated Into these rinanci21 slalements a5 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 ullimale parent of the Group. SJCSI had a turnover of £52k12024 - £66kl, gross profil of £52k12024 - £66kl and a loss before lax of1£2kl in the year ended 30 June 202512024 - £28k profit). Al 30 June 2025 the company had nel assets of £1 12024 - nel assets of £1 kl. The School charged £16k lo SJCSI for the provision of staff and the adminislralive services. The balance owing from SJCSI lo the School as al 30 June 2025 was £132k. No grft aid was paid lo the School in 2025 12024 £28kl Other related party transactions 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 Life Assurance Scheme is a group personal pension scheme of a defined contribution nature. The pension charge for the year includes contributions payable lo the IAPS scheme of £140k and at the year-end £0 was accrued in respect of contributions to 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 /9 of gross salary for those in the scheme All staff are eligible. unless decSined by the tjnderwrilers. Members contribute a minimum of 5.0°/o. The pension charge for the year Includes conlribulions payable lo APTIS of £485k 20. CONTROL On 10 September 2021, the activities of the School were transferred from Sl John's College Into a company limited by gijarantee, 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 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 assels transferred was £5.416k and this was recorded as expenditure in the College Slalemenl of Comprehensive Income. Page | 32

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) Sl John's College, registered charity number 1137428, is considered lo be the ultimate parent of the Si John's College Group and the results of the School are consolidated within the Group financial slalements. The Group financial slaternenls are available from the College's registered office al Sl John's College, Sl John's Street, Cambridge CB2 1TP. 21. STATEMENT OF FINANCIAL ACTIVITIES- PRIOR YEAR Unreslricled Reslricled Endowed funds funds Funds 2024 2024 2024 £'ooo £'ooo £'ooo Total Funds 2024 £'ooo Note5 Income and endowments from: Charitable activities School fees receivable Ancillary trading income Other trading activities Non-ancillary trading income Investments Inve51menl incorne Voluntary sources Donations and legacies 8,502 506 8,502 506 43 43 111 23 134 28 61 13 102 Total income and endowments 9,190 61 36 9,287 Expenditure on.. Raising funds Non-ancillary trading Other income-generating activities Financing costs Inveslfnenl management 38 167 38 167 Total Expenditure on raising Funds 211 220 Charitable activitles Education and grant making 8,610 273 8.883 Total expenditure 8,821 273 9,103 Net income l {deficit) from operations .369 {2121 27 184 Gains on investment 10 160 160 Net income l {deficitl for the year 369 187 344 Transfers between funds 15 212 12121 Net movement in funds in the year 369 1251 344 Page | 33

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) Unreslricled Reslricled Endowed Funds Funds funds £'ooo £'ooo £'ooo 2024 Total £'ooo Notes Net movement in funds in the year (brought fonNardl 369 {251 344 Fund balances brought forward as at 1 July 2023 16 5,515 65 1,413 6,993 Fund balances carried forward as at 30 June 2024 16 5,884 65 1,388 7,337 22. MOVEMENTS ON MAJOR FUNDS- PRIOR YEAR Alf July At30 June Gainsl Ilossesl 2023 £000 Income £'ooo Expenditure £'ooo Transfers £'ooo 2024 £'ooo £'ooo Endowed Permanent Cherry & King Funds Goodchild Fund Hackwood & Cope Funds Ince Fund Prizes Funds Earl Fund Lulon Fund Bursary Endowment Fund Slra5burger Fund Total Permanent 75 84 114 128 19 191 130 346 116 22 215 145 389 131 13 12) 121 39 13 991 29 16} 112 1,126 Bursary Fund Davies Fund Fuller Fund Tolal Expendable 164 252 422 11611 1511 12121 18 29 47 23 233 262 Total Endowment 1,413 35 171 12121 159 1,388 Page | 34

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (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 Lulon Fund Davies Fund Prizes Funds EHCP Grant & donations 11611 161 151} 51 25 25 20 61 1611 Total Restricted Funds 65 61 12731 212 65 Designated funds: Tangible Fixed Assets Instrument Fund Pupils trip funds Stringmoves Fund rolal designated funds General reserve 7,442 {381 } 109 7.170 141 11901 198 14 27 7,220 27 7,481 205 15751 109 {1,9651 8,984 18,2461 11091 (1.336) Total unrestrlcted Funds 5,516 9,189 18,821) 5,884 Total Funds 6,993 9,287 {9,1021 159 7,337 Page | 35

ST JOHN'S COLLEGE SCHOOL, CAMBRIDGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) 23. ANALYSIS OF NET ASSETS BETWEEN FUNDS -PRIOR YEAR Endowed Restricted Unrestricted 30 June 2024 Total £'ooo £'ooo £'ooo £'ooo Tangible fixed assets Investments Nel current assets Long term liabilities Total Funds 7.170 7,170 1,376 1,694 (2,9031 1,376 64 1,630 12,9031 1,376 64 5,897 7,337 Page | 36