2023-08-31-accounts

Reglstered number: 01262373 ChaTbty number 274664 THE CLAREMONT FAN COURT FOUNDATION LIMITED (A Company Llmitad by Guarantse) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

THE CLAREMO1￿ FAN COURT FOUNDATION LIMITED IA Cornpany Llmlled by Guarantee) CONTENTS Page 144fergnce and Admirmstratfve Detalls of the Company. its Trustees and Advlsev8 Tn￿tee5. Report 3-15 Tn￿. Responslbiliti•s Stat•ment 16 Imdepend•nt Audftotrs Report on the Flnan¢i•l Stat￿￿ents 17-20 Gonsolidated Stal•m•nt of Financl*l Actlvllles 21 Consolidated 8alaftto Sheet Company Balanct Sheet 23 Consoldated Statement of Cash Fl¢)ws 24 Nots8 to the Flnancial Slat¢m8nlB 25-54

THE CLAREMONT FAN COURT FOUNDATION UMrrED IA C<mpany Llmlted by Guarnntso) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2023 Trustees Jeremy Balchelor M￿rad Choudhry Roger Marbn Pamela Mdntyre Chris Paget Helen Rhjer Andrew Halls (appointed 6 Decemter 21J221 Grthm Papenfus Ceri Jones lapwinled 5 June 20231 Angela Kel￿ (appointed 4 May 2023) Company regist•r•d numb•r 01262373 Charlty rn918t•red number 274664 Princlpal and registered office Claremont Fan Court School Claremont DrNe Esher Surrey KT10 9LY K•y management personnel Headmaster Iwilfiam Briety) Head of Prep School (Helen HuttonAttentorough) Head of Pr￿PrEp Schwl Imithael Williams) Senior Deputy Head Sentor Sthool (Alan Hitthcockl Deputy Head Academic (Huw Jonesl Deputy Head Pastoral {Jason Stanley) Bursar (Jo Ogden) Finanual Controller {Rebecca Finnam0￿) Head of HR Ichrisbne Goble} Head of Estates (Roy Kemp) Head of Facilities (Ntha Peel) Independent audltor Shaw Gibbs (Audit) ￿rnited statutory Auditor Wey Court West Union Rced Famham Surrey GU9 7PT PwJe 1

THE CLAREMONT FAN COURT FOUNDATION Lim￿ED IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE D￿AlLs OF THE COMPANY. ITS TRUSTEES AND ADVISERS ICONTiNUED) FOR THE YEAR ENDED 31 AUGUST 2023 8ankers National We51minster Bank PIC 73 High Street Walton on Thames Kf12 1DW In8urdnce brokers arsh Ltd Educab"on Pracb"ce Gapital House. 1-5 Perryrmunt Road Haywards Heath Vvest Sussex RH16 3SY Investmerrt brok015 Investec WeJlh & Investhent Ltd 30 G￿5h￿rn Street London EC2V 7QN Page 2

THE CLAREPIONT FAN COURT FOUNDATION LIMITED (A Company Llmlt•d by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2023 The govemors of the Claremont Fan Court Foundation are the charity5 trustees under tharity law and the directors of the charitable company. The members of the goveming body who served in office as governors during the period are shown bel¢JW'. An¢Jrew SulheTland (Chalr, resigned 29 December 20221 Roger Martin (Deputy Chair from 26 February 2022, appointed Chalr from 16 January 2023) Jeremy Balchelor Nigel Beavor {reS￿ned 30 November 20231 Sonia Blandford (resigned 7 October 20221 Mcorad Choudhry David Ford I￿3[gned 6 July 20231 Ceri Jones lappointed 5 June 20231 Angela Kelly (appointed 4 May 2023) Pamela Mclntyre Chris Pagel Graham Papenfus Patricia Rickard lend of tr>)arrl temi 6 July 20231 Helen Rider Andrew Halls lappolnted 6 December 2022 Tru•te••' rgport The trustees Submit their annual report incorporating the 8lratsglc rgport, and the audited financlal stslements of The CL3remont Fan Court Foundation Limited (the Companyl for the peri¢)d 1 September 2022 to 31 August 2023. The annual report serves the purpose of both a InJstee8' and a directors, report under company18w. The tru8tee8 confimi that the annual report and financlal statements of the Company comply wlh current statutory requirements, the requirements of the Compan15 governlng document and the pro￿810￿$ Ot the Slalement of Recommended Practice ISORPI "Accounting and Reporting by Charitie8" appllcable lo chanties prepartng thdr accounts In accordance wth the Flnandal Reporting Standard applicable In the UK and Republic of Ireland IFRS102I (effective 1 January 20151 as amended by Update Bulletin 1 leffeclive 1 January 2019) Con8titutlon and obJoct• The Cloremonl Fan Court Foundation wa8 incorporated on 10 June 1978 and 1$ regi$tereil with the Charity Commissian under number 274684. It is consb'tutsd as a company limited by guarantee and registered in England, No. 01262373. The company is governed by 115 ￿￿'￿e9 ol associats'on I￿t amend?d on 5 August 2019. The prinupal objects of the Foundab'on are.. To establish and maintain. in accordance wth the policle8 of the foundation, a 5chcol or schools offerlng an education of the hlghest order, and To provide for the delivery of lectures and holding of exhibitions, public meeting¥. classes and conferences, focused diredy or indirecuy on advancing the cause of education. In setting objethes and planning activrbes. the trustees have given due consideratlon to general guldance published by the Charity Commission relth.ng to publlc benefrt. including the guldance 'Public teneflt.. running a charity IPB20}'. The Company operates an indepgnd8nL Coveducalonal school for pupils from 2 10 18 years, compn'sing Nursery and Pre-Preparalory School for pupi15 from 2 10 7 years, a Preparatory School for pupils from 7 10 11 years and a SenioT School for pupils from 11 to 18 years. The Company is the parent company of a trading entity. Claremont Fan Court Enterprises Ltd, ￿lch together fom the Group. Page 3

THE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 fhe $choolls aims The school's aims are set out in its mission.. To provide an environment where the God-given potentia of every individual is Tecognised and valued. With Ihis recognition comes the expectation of high personal achievement and moral standard5 and a developing awareness of our individual ie5ponsibility lo each other and our worfd To rnaintain a broad and forward4ooking curriculum in wh￿h pupils are encouraged to think independenoy lo meet the demands of a rapidly changing world To encourage our pupils to awaken to all that Is good and true ￿thin and around them in their spirittjal journey of self-discovery To equip our pupils with a strong set of values for future decision making The following value5 are fundamental lo everything we do.. CDUrtesy. respert tru51. moral integrity. 5elf- discipline, love for God and man The school embraces the whole Claremont famlly.. pupils, parents, guardians. staff and govemoTS in its mi%sion. vision and ethos The school's wsion is in accordance wlh the mission.. Claremont Fan Court develops individuals who are outstanding cilrLens, aware of their responsibility to others and contribute p0S￿ve1Y to global society. This is realised by being a highuality schcK)l of Ghoice where young wople achieve moTe than they think is possible. The alms are underpinned by the school's ethos of goodness. Teachers. staff, pupils and their families are exFected to support and extend the atmosphere of respect. courtesy, the love of leaTning and the value of friendship that is held dear at Claremont Fan Court School. This peaceful and purposeful intent èxtends throughout every lesson and into the pastoral and co<urricular activities we offer. Young people leave Claremont Fan Court School as confident. conlribub'ng and caring member5 of the global cornmunity. They cherish the values that equip them to make a posilThie contribub.on and be a for￿ for good in the world. The school believes in the importance of celebrating diversty and enabling individuals to be confident in being themselves and proud of their differerKes. The school welcome5 pupils of all faith5 and none, races. gendeTS and sexual orientation. The curriculum and pastoral care are shaped to educate our pupils and OurSe￿e9 in understanding history, challenging prejudice and creating taienled, open-rninded leaders and thinkers. The school is blessed with an historic setting and colleagues that inspire a love for leaming and a respect for each other. The school community believes in the value of inspiring altru15m for others, and the irnportance of using charTty and community partnership as opportunities lo enhance the lives and learning of others and lo educate ourselves. The school prides itse5f in the followirsg pupil character aims". Be confident In character: Our ex￿pIlo￿al programme of valuesryled education develops young people who are both inwardly and Ou￿rdty confident They bring inquiring minds and a sense of joy to their learning Be limitless in potential: We nurture indMdua15 $0 that they feel loved and inspired lo embrace every opportunity, achieving more than they think is possible. We cerish individuals and their unfolding Purpose and potents.al Be strong in understanding: We prepare our young people lo be morally courageous and a force for good in life beyond schwl. being wse and empathetic in their action5, in their community and in wider sctiety strategy and oblectlves To meet these aims, the school's strategies and objective5 are." To develop, encourage and support educational programme5 which are consistent wf(h the purpKJ5es of the ftmjndation Page 4

THE CLAREMONT FAN COURT FOUNDATION L￿lTED IA Company Llmlted by Guarnnte81 TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 To nurtuft the potential of every pupil to promote high moral and academlc standards and a splritual To appoint senlor leaders to implement these aims, in accordance with their highest understanding of Fyofessional. spiritual and rnord idels To ensure at least two of the trustees shall be pracb'sing Christian &ientists whilst recognising that they require appropriate skills and experience to fulfil their duties as trustees Claremont Fan Court School is Coweducational and welcomes pupils from 2 to 18 years. Enty to all parts of the school shall be open to all who support its 5tsndard5 and values, and whose needs it is able to ll 5trategie5 and objective5 are reviewed regularty by the govemors and the key leadership team to identfy and monitor progress. Pr￿Tty in the use of resources is given to achieving the stated objectives in the school development plans. Govemance and management governance of the school is the responsibillty of the Iruslees, who appoint the leadet5hip team of headmaster. heads of school and bursar. William Brierly 15 the executNe head with responsibility for pupils aged 2 to 18 years across the whole school. The executive head delegates execulNe responsibillties to the heads of the respectnie schools and the bursar_ The trrtjrsar is also the cleTk lo the governors, company secretary to the company and a director of the subsidiary trading company. The executsve head and bursar 8ttend all govemors, meetings. The head of the Preparatory Schcol and the head of PrepPreparalory and Nursery Sch¢)ol attend all plenary meetings of the full governing body and sorne 5utrrfommittee meetings. Trustees are elected under the terms of the articles of a550ciation, and are elected or co-opted to committees according to their skills and experience and following the policy for the induction of govemors. Govemors are sought and selected ac¢>)rding to the present and fvture needs of the School balanced wrth the skills and experience of the current board of twstees. Governors are self4ppointin9 and a nominations committee consider5 governor succession. Governors are appointe(I for a term of fve years and may, uptsn re-ekntion, serve up to t￿0 terms. Inductlon and tralnlng of trustees All new trustees attend the School lo see the day-tQ-day operation and to meet senior staff. New trustees meet the chair of governor5. one or other govemors, dl thTee School heads and the bursar. New governors receNe key policies and procedure5, and the govemor committee structure is explained. New govemors are required lo undertake th8 Assocrats'on of Governing Bodies of Independent Schools on-line training session for new trustees and to attend any further external training the chair of govemors consideTS appropriate and helpful for thetr new role. Governors re￿1ve regular reading material and training on the role, and re5ponsibililies of tNStee and specific training where Televanl. Oryanlsallon and management A full goveming body meeting lakes place at least three limes each year. The work of decision-making and monitoring policies in the school is undertaken in a frarnework of fomial su￿CoMmitteeS during the year including education. planning and development, finance and general*urpose including health and safety. and nominations. Governor worknng groups form when required, for example, fundraising and the review of Staff nsion provtsion. The trustees are clear that their main focus is on strategy, performance and assurance rather than operational matters, with appropriate delegat￿n lo the key leadership team. The key leadership team, comprising the heads and bursar and chaired by the executlve head, meets Iv￿ce per ek during le￿-time." senior leaders induding deputy h￿S and support executives meet monthly and senior management team convenes weekly. Pag8 5

THE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company Limlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 SINcture and relatlonshSps The charity has one wholly owned non-charilable subsidiary. Claremont Fan Court Enterprise5 Limlted, whose annual profits are donated to the charity under the gift aid scheme. The tradiny activities of Claremont Fan Court Enterprises Limited comprise lettlngs Income from the facilities when not in use by the school. staff rnmuneratlon and •qual opportuniti•s pollcy staff rernuneralion, includlng the key leadership team, is decided annually by governors after considering the overall annual budget and recommendations from the finance and general purpDse8 committee. Trustees onsider affordability, operating costs, sector and local independent schoDI market conditions including staff recrullment and retention. and the political and economic environment Includlng inflallon and the cost ol living. The school is an equal opportunllies employer and treats all staff in 8ccordance wtth the Equallty Act 2010 and expects all staff lo comply with the law and the relevant school policy. Trustees recognise that equal and inclusive systems and culture allow staff and pupils lo thrive ragardless of their background, identity cr circumstance. Publlc b•noflt Trustees confirm that the school has complieLI with the duty in Sectlon 17 of the Charllle8 Act 2011 wth due regard lo the public benelll guldance published by the Ch8rtty Commission. There have been 81gnIfl￿nt aclN1ties undertaken lo carry out the school'y alm¥ for the publlc benelll and achl8vements are measured against those aims. The school is committed lo giving support to puplls lo acce58 the school irrespectNe of parental means, Families can appty for a pupil bursary, 3nd great care is taken to 8n5ure fund5 are directed towards those most in need. During the year. the school awarded 40 bursaries which amounted to a value of £506.713 12021122.. £372,677). The school also offers fee eoncessions for academic, music. all-rounder, sport. drama, lexlile dèsign, art and photography excellence in the form of scholorship5. Charlty fundral8lng Goodness underplns the identity and culture of CSaremonl Fan Court School. The school believes In the value of nspiTing allrulsm. and the importance of uslng charity and community partnership as opportunities lo enhance the live5 and learning ol othèr6 and to educate all. Charlty fundraising ha5 a key role in achiewng Ihls aim and the enlirg sthool community has used the OPPNJrtunity of celebrating ils centenary lo focus on charitable activities. A sizeable Sum of approximately £64,000 was raised for a range ol charits.es during academic year 2022123. Most of these funds were shared between the ffive Claremont 100 charities. which were selectsd by pupils". Grace Dear Tnjsl, Renlstart. East Elmbridge Foodbank, Shooting Star Trust, and Momenluml. Other charitable b&neficiaries were.. MIND., Rainbow Tru5t,' Leathefhead Start,. Eco Hub,. Al Out,. The Salvation Army and Save the Children. Fund raising events, many of which were devlsed by puplls, Induded the reindeer run, sponsored read, sponsored swim and a parbculaTty ambib.ous sponsored attempt lo walk the equivalent of the British Isles by pre- preparatory and nursery children. Some smaller scale events gave the children the opportunity lo hone their organisalional skills and understand the impact that they could make, particularty in the Christmas talent show. the We aTe Writers, book and a parents, high tea. One pupil in Receptii?n raised over £4SO through holding lunch time 8erobics workout tor pupils and staff. A key aim of the school Is for young people ID leave as confident, contrbuting and caring members of Ihe global cornrnunity. The role of charity fundraising in senior school is instrumental in achieving Ihis aim and became an irnportanl fccus for Sixth form pupils. Their efforts were parbcularly commendable during the centenary year, Page 6

THE CLAREMONT FAN COURT FOUNDATION LIMrtED {A Cofflpany Llmlted by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 ra8ing £6.052 for Rentstart from a swout and over £3,¢JOO by the sixth form pantomime and a disco fr yoJnger year& 041r•ach 2022-23 A new a$￿Stant head. outreath focussed on championing c18￿Mont 100 as well as boosb'ng the school's outrexh partnership programme wilh neighbouring schools TrAfd5 appointed during the year. The formal patnership with Heathside Academy Wds of partic#JLqr note and featured a range of technology worf(shops with Year g students. All year 12 pupils vc4unteer&J for at t 2 h￿r$ a week LEts￿en Octoter half temi to Easter. They vdunteered at a variety of venues from charity shops lo communty ￿ntres, and many continued in their placeTnents long after the prwreed timeframes. One sixth form pupil tEcarne a young ambassador for Rentslart after a volunteering Flacement The school reeavtsy oveThthelming feedback from the organi5alions atr)ut dedication and kindness by Claremont pupi15. Staff remained great ambassadors for the school with their volunteering activit￿, including being Involv￿ the guTrdes, scouts, youth groups and mentoring Jlts and otder children. The sthod hos￿ pupils from the InToUntver5ity charity and sixlh fomi pupils were involved in coathing session offering pupiLs from del￿ve￿ areas the opportunty to ty sports to wh￿h they would nd noryna1￿ have xcess A First Give competition was held for Year 9 pupils int4olving researching, fundrai8in9 and raising awareness of tocal chartties. The winning team vras awarded £1.000 to donate to their chosen charity. Clarernont Fan Court School won funding from the HMCK charity lo lund 51X sessions ith a pather sthool, Heathside Schwl in Weybridge. In June. pupils frcyn Six Ic￿1 primary schc<)Ls inmted lo the school to part]"cipate in an aftemoon of maths and English, and coronab.on and centenary acbwties. Year 6 PU￿lS from Cranmere Primary Schoat inwted lo vratch the Sixth Form pantomime as a Christmas treat. and were provided with transport hol chocolate and cookies. Esher Church Sthool pupils visibj and enjoyed use of the sch¢x4's outdoor learning enwronmenl for their topic work around the th￿e of autumn. These pupi]s have dso worked wsth cornputing teachers to share idea5 and knovAedge about using techndcgy acr05S the curriculum. A Year 11 pupil ran an online Spanish club for pupils * Twickenham Sthod, whth was a very SU￿sS￿l endeavour. Other prO1￿ts include supporting Cobharn Free Scho)I with a subscrtpt'on to Teen Tips. a website and forum that supports young people's menta health proNidwtg ac4XS to U￿tr￿date FKofessTr(￿a1 adwce and practical tools aimed at earty intervention. The head of rnu5ic wsited and pr￿ryded thice and sup￿¥￿1 to Twthnham School for the GCSE currrwlum due to their music depathent staff shortage and failure lo recruL A Claremont sthool thoir also enjoyed performing at a local care home. whth has b￿me event enjoJEd by al. Str4teglc report This report prowdes conte* for the finanrAal statements tcgether ￿ryth an analp's of [wfo￿r￿nce and in￿ght into the sthoofs objecaives. The trustees are satisfied with the schwl's pthmance against Strateg￿ aims and objectives. The specnlc c4"ectives for academic year 2(Y22r23 Y￿￿e set Teaching and learning.. Delrver first rate ￿lCoMeS from a Competitive core curriculum Educate our pupils to be socralty reSp￿Sib[e global ￿tiZenS Offer a diverse and f0Ntsrd-I￿klng ￿rriCUluM that inspires a tove for leaming Pag8 7

THE CLAREh10Mf FAN COURT FOUNDATION LIMITED {A Company Limited ty Guarnnteel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENOED 31 AUGUST 2023 Pastoral and ethos Develop pastoral care and ethos lo rellecl the changing shape of the schc Deve5op resilience and gocKI values Equip children to make wse choices and to te sate inshde and outside the schc¥)5 Our People Build the fdpacity and leadership structure io alb3n wilh the school development and grovth Develop the potsntial of the team Engage wth our W￿er wmEnunity and be mirHlful of our 5wval resp￿sIbIl Future Devdopment Generdte a 5ulficient su￿uS to real(se our aims masterrAan Attract pupi15 thTough bur5arie5 Respond $deCtive￿ to developments in the educational en￿rOnment Achievements and perfomiance ISI conducted a material change inswbon ￿ September 21Y22 and the 5choc4 met the standards required lo increase pupil numbers up to 1,200. With an ex(titent ￿r)U￿tiOn for buikling c*aracter qualfftes helping pupils to be limrtJe55 in potential and raring and knnd tD others. the sch￿1 continued to have unprecedented levels of Interesl and demand for F4aces. leading to heathy wpil growth during Academic Year 2022r23, underpinning the school's finanoal secunty and the opportunty for excrting ftrture developments in both teaching and leaming as well as l￿1&jIng5 and farylits"es. Pu il Number5 Pr & Nurse Pre aralo School Senior School Totsl mber 2020 118 212 602 mber 2021 127 209 665 ber 2022 152 214 738 Se mber 2023 158 217 782 School Publlc exam porfomiance Wilh a resumption of the awarding of grades wi line vkn the 2019 stsndard. Claremont pupils Ferformed excepts'onally in 2023's exam season. Resutts exceeded 2019 in all areas and our prwandemic peak of 2018 in many. V8lue-8dded measure5 sh¢Md pupils achiewng almost a iwrade rise at GCSE and more than hav gradè al A level. This reflected a continued use of mini tests and proactsve use of target setting in Conversations ket￿ pupiL8 and their teachers. A level results day for a relativety smal year of 67 was patticulady jubilant, wth just two pupils depending UF(Jn dearing lo secure their university r(NJte. Up from 53% in 2022, 65% of CL3remonl applicants in 2023 moved on lo Russell Group univer5ibes and, again. some students twk up the prestigious graduate apprentiGeship route. Page 8

THE CLAREMONT FAN COURT FOUNDATION ￿M￿ED (A Cofflpany Lirnitod by Guarantee) TRUSTEES. REPORT ICONTINUEO) FOR THE YEAR ENDED 31 AUGUST 2023 Alevel GCSE Year 2023 39.2% 74.5% 93.6Yo 2022 61.8. 84.8% 97.0% 2Q21 29.0% 60.0% 86.0% 97.0% 2020 16.0% 52.0% 80.0% 95.0% 2Q19 11.8Yo 34.6% 70.9% 91.3V/. 2018 16.9Yo 46.9Yo 73.1% 88.5° 2017 9.2D/D 32.50 64.2% 85.0% . thaded rows show academK years dunng the pandemic when foMalpubl￿ examinat￿n$ were c8ncelled 8-9s 29.9% 38.80 30.5° 36.W/c+ 24.7D 28.1D 7-9s 55.3% 59.2% 59.5% 63.6% 462% 54.9% 6-95 82.3Yo 82.8% 84.3% 85.5% 69.7Yo 82.5% 12.3% 11.2D 16.1% 10.6% 15.2% 10.0% 10.4% 95.2% S7.ODA 96.7%. 96.7% 88.2% 97.1DA 99.50 99.4° 100% 100% 98.3% 99.9% R¢vi•w of achigvements and actlvitles Senior School rhroughout the year, Claremont celetrKated its centenary, marklng 100 years since the oFening of CleaNew School in Norwood in 1922. Of cou15e. the school has grown Since the days when Ruth Packerfs parents first opened treir house to the daughters of like-minded families. The school has continued lo be guided by the principles of the founders. en¢apsulaled so eloquendy by the calls to action of the school's aims.. be confident in character,. be limilless in potential and be strong in understanding. Hence, it was a fitting year finally to launch our new sixth house in the school's new vertical pastoral structure - Banste8d, named after the original locab.on of Fan Court School. Wrth six heads of house ￿adIng sets ol tutors, each of whom oversees a tutor group wth three or four pupils from Years 7,8,9,10 and 11, the house structure created supports the day-to-day wellbeing of pupils as well as encouraging an excrtlng sporting and creative competitiveness Lthen each of th8 six houses-. Banstead, Esher, Longcross. Norwwd, Radnor. Slanmore. The renewed house ginging compelrtson was a particular highlight involving all Senior Sthool pupils. The sch¢xI welcomed a new assistant head and, in response to pupil requests, the co-curricular programme has been exiended into lunchtimes, resulting in over 70 ccTrcurricular clubs and 50 academic dinics available for pupils. More than 50 rnembeTS of Year 7 performed in an exciting production of Macbeth in the JGC and a cast of Year 9 pupils perforTned in the Rose Theatre's Shakespeare festival. The main school prcduction of Oliverl was a Sel￿Out success with a slep change in production values. Meanwhile Year 8 pupils performed monologues in the national Shakespeare competib.on and sixth form pupils wrote, direcied. and starrad in their own version of Aaddin to packed crowds. including Cranmere Primary School. A full diary of residential trips allowed pupils orwrtunthes such as skiing in Austria, improving language skills in Berfin and undertaking outward bounds actNities In West Wales. Regular day tn.ps enrich￿ the curriculum, for eXaM￿e a visit to Kew Gardens for art students and geography field trips to the forrner Olympic sRe at Stratford. The Duke of Edinburgh's Awar(I scheme conb'nued to play a major role at Claremont with more pupils then ever participating al bronze, silver and gold kvels. The introductKJn of The Joyce Grenfell Programme for academic enrichment in the Senior School was warmly received by pupils. Visiting speakers such as Professor the L￿d Robert Winston and explorer Ajex Hibbert prO￿ded inspiring talks and sparked rigorous discussion. Essay competitions were hotly conlesled and there were some great results in qualifications beyond the curriculum such as EPQ, level 2 CISI financial semces and TEFL. Another new initiative. Claremont Careers lunche5. focussed on areas such as international development. cfinical psychology. and film production. In the siirit of the school's aim to be limitless in potential. the Sentor School introduced kn parent forums per lerrn to gain a clear understanding of ccfficerns and successes from a parental perspective. This buiA uw)n the increased focus on pupil Vol￿ with a multitude of pupil forums and even the appcxntment of a senior prefect, pupil voice. The year concluded wth a far-reaching whole school parent survey, for which analysis of the fe&dback has Infcwrned strategic plannlng in all areas of the organlsatlon. Page 9

THE CLAREMONT FAN COURT FOUNDATION LIMrrED {A Company Llmlted by Gu8ranteel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Preparatory School rhe Preparatory School continued to flounsh, with record numbers seen in Tnany year groups. The sense of energy and enjoyrnent emanating from the classrooms was palpable and children delighted in the broad an balanced leaching and learning, as wdl as varied co-curricular opportunities, available to them. Teaching and Leaming. Children continued lo Ee offered a holistic experience of education. with carefijl attention given to devising stimulating schemes of work as well as lookin9 closely at vertical ladders of progression. Formative assessments of leaming continued.. Interactive Computerised Assessment System (INCAS) tests, provided by CEM, and PIRA and PUMA tests provided annual and termly summative assessment dats respectively, supporbng close monrtoring of pupil progres5 in malhemalics, reading and spelling, with the data showing that on average Claremont pupils were working al belween 1 D and 20% above nats.onal standards. The new mathematics scheme introduced in the Prep School in September 2022 was showing good impact, with the data collected after ￿1v8 months indicabng record levels of attainment for Years 3 and 4 pupits. Nonetheless, a decision Wds taken lo introduce in September 2023 futther stretch and challenge wth a complementary scheme published by ISEB. All pupils in the Year 5 cohort secured ear￿ offers from Claremont senior scho)l in May. The number of scholarships offered to the Year 6 pupils remained al around 200A of the cohort, with a pleasing increase in the number earning an academic award. Equally, a strong system of support and inlervenbon, including Quality First leaching principles, helped all pupils to make good progress. SpDrts perfoTmance squads were intrOdU￿d during the year lo complement the inclusive approach to sport., the squads enjoyed th8 Preparatory School's inaugural ovemighl sports tour in the spring. These in((iab"ves 5UPPOrted the development of stronger teams in key sports. making them better F4aced to Compete in wider toumamenls and district evenl5. Wider Preparatory School Iwg. Residential trip5 lo)ok pupils overseas again for the first time since 2019, with a successful ski trip lo the ltslian Alps for Year5 5 and 6 al Easter and a visit lo the Somme in France for Year 6 in the summer term. Year 5 enjoyed a residential visit to Ironbridge and Year 4 rose admirably to the challenge of their first overnight trip to MarchanY5 Hill. Day trip5 included wsits to Ufton Court. Legoland. the LNing Rainforest, Winchester Suence Museum and Kidzania. Outside speakers and visfÉing workshops further enhanced the children's leaming experience. Co-curricular opportunities continued as a significant part of the Preparatory School's Dffering. wrth a wide range of clubs arKI activities, there was something for everyone. Highlights in the Preparatory School were the go- karting meets and the pojium TX)sib'ons of two of young fencer5 in natsonal compets'lions. As part of emotional lileTacy support, the Assistant Head, Pastoral drew upon executive coaching training to dewse a coaching style intervention programme for children needing some help to frame and devise their own goals and strategies without necessarily needing the more intense invofvement of the ELSA programme or counselling. Older children benefitted from the sense of empowerment that comes wth devising and slrlvlng for goa15 which they have identified themselves. Music and perfonnance continued to be a rich part of Preparatory School lrfe. The demand for indNidual music lessons is high and children enjoy the opportunity to showcase their talents in assemblies and musical events. The Year E pupils enjoyed performing as part of a mass choir at the Royal Albert Hall and were privileged lo be accompanied by the Royal Philharnonic Orchestra. The wonderfully comedic performances of Years 4 and 6 in Hoodwnked and Porridge showcased the talents and confidence of the children as they delighted their audiences. The Centenary Gala Day was a wonderful end lo the year. with the whole school community coming together to Page 10

THE CLAREMONT FAN COURT FOUNDATION LwrrED IA Company Llmited by Guarnntet) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 céebrale being part of our speual school. c￿￿Y contested house 51n9ing, follovMI by a French pop up cafè, a cdlal)oratJve art experrence and musul performances made a fitting celebratory end to the year fDr Preparatory Schod pupils. pft-Prep•rnt¢)ry •nd Nurwy rhis was a productive and prcgressvve year in the Pr&PTeparatory and Nursery Sd￿01. Many initiatives w8re fLJrther developed and some new ones introduced. Placing pupits at the ¢entre of everything, teaching staff looked cbsely at chihdren's daity experien¢e$ of schcd lrfe to devetop further the curyiculurn and pastoral Systems, a5 well a5 broadening pmi5ion ￿$8 $p)rL music and the playground. CuTTlculthTr 8nd staff developmenL There was nOt￿thY inve81ment in cuftlculum development over the year, dedicating Significant b.rne and resources lo evaluatsng and developing its Intent, irnplemenlalion and lrnpacl. Staff used 8 Natyonal College training session on deep dive5 as a starting point and over the year. they looked In detsll at progression through the 5 years of the curriculum wrth a focus on History. Geography. Art and Design, RE, and Design Technoltsjy. Topics and outcomes were reviewed and the cUrr￿uluM updated accordingly. with value added by an ongoing partnership with Ros Wilson, an esteemed Independent gducation ccrsultanl. The development of more expliol links made be￿een laught curr￿lUM and our outdoor sessions, supwrted by the Level 3 Forest schly￿ qualrfied Science coordinator. A new phonlc5 scheme was launched, and the partnership wth Ros Wi15Cn Promoted strong outcomes in English vthlh Support teachers to improve subject knovleQge and practice. A colL3bcialNe m¢)del wa$ then also applied lo Mathematics leathing, with the SUPPOrt of nat￿Nal adviw, experi&n¢ed lead6r and Ofsted inspedor BOrthw￿k. Pa•toral I￿8M• and care. Two prwreparatory school teachers became fully trained In the ELSA programme (Emottonal Literacy Support Assistant) arKi suceessfulty deltvered sessions to children during the year, which Wds a wonderful add￿'on lo pupil %￿lfare prowsion. A naw PrfrPreparalory and Nursery School house structurg was launched. all drnwing on Tom Sheffington's Wolkthrus proyramme on Behaviour and Re(alionships. focussing ￿ inlrinrAc reward, d￿￿oping resilience and groth mindset Fnendship Week was used to promote the schoJl's golden rule of bwng kin¢J using the Vehides of assemblies, class lessons, singing and playground games. A Playground Charter was launched. and was si9ned by all pupils in Reception, Year I and Year 2 and displayed in the playground. Leader8hlp opportunlttes ￿Te plentifvl Induding a h)u8e caplaln8' prcoramme vAth experience8 including h05b.ng eelebralion assem1￿leS playgrourKI supporL and setting an example to other5 creating a sense of asplralion and pride. Dtqital and environment leader roles were ￿s0 very wpular. wlh the &tter leaders promoting sustainability, rewcling and keeFxng the playground tidy and lrtter frge. The garden remain2d a hive of actiwty and progress vrds made towards aCh￿ing RHS Level 5 re￿rica￿On. Underpinning Claremonl's whole school approach, older pupils became involved in the outdoor ￿jUCa￿.0n prc•3ramme, SUFpotyng young leamers through the Ouke of Edinbwgh Award stheme. Sport and music OPPOrtunibes were plentifvl and tmn ne4V football dubs were launched induding the Elile Academy. Piano lessons rernained popular and cello. wolin and dNJital drum lesKffls were introduced, and pupils enjoyed performing many b'mes to Ive aud*nces, induding in the Great Rc￿M in the mansion. Senior school pupils perfomied regularly to the Pre-Preparatory SthcA)l and ftu￿ery pupi15, sho￿51ng their skilL8 and inspiring young leamgrs to keep PTath'sing. Paren15 were fully engaged throughout the year vAth an informatNe programme of actlvitie5 to ensure they remained connected to their child's experiences at school. These induded parent dropln5. clas5 assemblies. Christmas shows. a sponsored walk, PTA events. prent evening5 and several parent workshops. Parent vrkshops Y￿re greaty valued and Covered a range of suty'ects from phonics. to mathematics. to intemet safety. Pw11

THE CLAREP410NT FAN COURT FOUNDATION LIMITED IA Company Limitsd by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 Dèvelopment of the Site •nd building• Development of the school site, building and facllilles supports pupil grovrth, the furtherance of the alkround education provision and the long-term Compe￿15veness and 15nan¢lal security of the school. From September 2022, pre-preparatory and nursery pupi15 and staff enjoyed a Year 1 classroom refurbishment and new Iransformatlonal Nordic grass in the outdoor area, which brought Significant improvements lo both the indoor and ouidoL)r learning environments. New gales and fencing r￿1 only enhanced the presentation ol the Pre- Preparatory and Nursery School, bul also improved security for the 6chool's youngest pupils. In Seplemkr 2022, a new fitness suite was commissioned lor use provldlng not only a f#ntsstic facility for rehabilitatr'on as well as strength and conditioning Irainlng, bul also opportunities for puplls of all abilitie5 to develop a life-long love ol Individual exerc15e in a sale environment wlh expert lultlon for older pupi18. This hos been an excellent example of the school listening to the pupil volce as Ihls prolect W85 initiated and delivered in response to r4uests particularly from the sixth form cohort. Puplls of ?11 ages have benefrtted from a new pupil support hub In the refurbished Cedar Lodge, with C￿lO¢S1ed care cenlre, counselling and indivldual needs 5UPPOrt providing oulslanding wel￿being support for all. Autumn term 2022 saw the completion of the JGC dining room extension providing a fabulous and spacious facility for Senior School and Preparatory School dining, and an elegant mLtIti-purpose space al the heart of the Khool, overto¢king the triangle for hosting school evenls and open days. In-year Improvement¥ lo pupil faGiliti¢¥ were many and varied Includln9 alkweather 3enior school ¢hanglng- facilities,. a new AV suite In the Sport8 hall that has been Inval%Jable lor assemblies and other large audiences., and lrnproved Portsmouth Road entrance parking facilities to ea8e traffic and congestion. Summer 2023 was parb'Gulady productive with the creation of new Senior School and Preparatory School lassrooms,. relocation ol the Preparatory School's head and officg reception.. creation of a Senior School ca￿ers, hub". a fabulous refurbishment of Preparatory School outdoor play area, netball court and wellbeing hub.. 8nd IT Infrastruelure1mprovements wth a new server. Futurn plans D•v•lopm•nt of school facllltl•s The school appointed a consullanl lo help develop a new 511e development plan that meets the requireTnents of highly progressive educabonal provision, Drawng up)n feedback from the summer 2023 parent survey, a series of workshops and listening to the pupil voice, a 25-year plan is being drafted. Plans have great emphasis on delivering outstanding academic achievement and exC￿ng cocurricular opportunitles in beautiful historic buildings and landscape. and this. combined wth ils special character, ethos and focus on wellbeing and pastoral care. means it has become an increasingly popular choice for parents in the Bc)rough of Elmbridge and beyond. Pupil number growth contributed lo the ¢)verall income of £21.564k during Page 12

THE CLAREMONT FAN COURT FOUNDATION LIMITED A Company Llmltod by Guarant901 TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 tiie year ending 31 August 202312022.. £18.780k). rhe financial statements show that the school's operations produced a cash surply5 of £954k12022.' £3,174k deficltl. Al 31 August 2023. the school hod unre51ricled reserves of £39.816k12022', £37,428kl of which £600k were deggnaled funds-, £44,366k12022'. £43,129kl is held in tangible fixed assets." the restricted reseryes were £474k {2022.. £474kl and endowment reserves of £679k12022.' £678k). The Iruslees consider the level of free f05erv&s Is sufficient lo meet the r8seNe$ policy. The Socickeconomic and political landsca￿ is presenting some diverse financial challenges for schools in the independent sector. affectlng parent affordability and rising operational costs - especially with inflation still high al 4% in January 2024. Whlle Inflation is expected to fall further during 2024, in8tabilily in w8ge8, service5, food 8nd global Shipping costs threaten sustained low inflation. Interest rates continue lo remain unchanged al 5.25% in J8nuary 2024 with the Bank of England's bid lo curb inflation, Fluclualing fuellenergy, ft)od, eonstruclion and 8alary costs require tlghl and agile budget management in the independent schod sector, and the war in Ukralne and the Israel-Gaza conflict contribute further to Insecure economic conditions. Inflation and interest rates cornbined with the political uncertainty of an impending general electlon, eurtail consumer confidence Including parents considering the long-lerm financial commitment of independent school educab'on. Moreover, a change In government coukl bring a VAT levy on Gchool leos, 1088 of business rale lax religf for independent schoo15 with charitsble ststLts and further increases in the employers, contribution tc Ihe Teacher5. Pen51on Scheme {TPSI. This socb-economlc and polllical landscape Is placing pressure and insecurlty on pupil recrultment In the $eclor and school operating costs. Dosplle this land8cape, Claremont pupS1 numbers Temaln very strong due to Its ¥urging reputatson In tho local Independent school market denved from compelling academic results and outstanding pastoral care. As a co- education all-thTough day school, il Is also well-posilioned in the maTkel wth carefulty consldered fee levels. With strong pupil numbers, Claremont can continue to have ambillous plans supported by prudent and aglle management of operating costs, Scenariowmodelling and focu5sed financlal planning. Fundrnl8lng a¢llvltlo• and other Incom• gen•ratlon The Annual Gfvlng Fund continued lo receive donations during the year. Claremont Fan Court EnleTprise$ Llmited, a wholly owrted nonHcharitsble sub3idlary, has contlnued to generate income through the leth'ng of f8c11l￿es and accommodation. Th8 head of development leads a team that engages with the vAder school communlty induding current familles, staff, alumnl and also the local communlty- In addition to developlng the school communlty and wlder relationships, and raislng the school's profile. the team is focussed on fundralsing for the furtherance of the charity. During the last year, the development team fgGused on an engagement prcgrammg with the Claremont Community, using the Centenary Celebrations programmg a5 a vehicle. The culmination of the engagement wogramrne was the Centenary Ball, which sold out, attended by paren15 and alumni. The prospect list of rnajor donors with expectations of donations in exce85 of £5,DOO over 5 years has been developed In preparab'on of the new sile masterplan being drafted. as well as well as support for bursaries. heritage, arthive and hardshiplpupil experience funds, The Claremont 100 ¢entenary programme attracted corporate donors lo support celebration events. with Knight Frank and BSPS Ltd sponsoring gala day and Centenary Ball activlbes. Investment policy and p•rfornianc• The school's memorandum of 8880cialion pemircs the investment of monles vlthout restriction. The schcd alms to invest only in the securities of companies whose business or activity would not conflict with the aims of the foundation. While Tecognising that income Is an Important factor, investment emphasis is geared towards growth. Our portfdlo is managed in a way that will balanoe immediate income with long 1grn1 capital appreaalion. r fund holds a wmbination of fixed interest investments, shares in leading companies andlor colieclrve5 (unit Page 13

THE CLAREMONT FAN COURT FOUNDAMON LIMITED IA Company Limited by Guarantee TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 31 AVGUST 2023 trustslinvestment Irustsl. The regular valuation of the school's rKirtfoYKJ prepared at 31 August 2023 showed that the markel vajue was £1,017,95912022." £1.015.671 prorjucing an annual income of £22.01012022.' £18,173), a Y￿rd of 2.16%12022-. 1.7g%i- All income generated has been r&invested in the portfolio rjuring the year. Fii5k management pollcy rhe govemor5, a5 tru5tee5, are responsible for risk m￿agement and are committed lo maintaining a St￿ng risk management framework in the school. The duty of Ca￿ uwed to pupiL8 and staff is recognised. by both the trustees and the school, and inforTns the systwnatic approach lo risk policy. The finance and general purposes committee review the schwl's intemal and extemal risk enwronment in detail and rwrt5 termty lo all govemors. Reports frDm the schwl to govemors contain an assessment of risk and recomrnendab.ons for action where necessary. Where risk is idenb.fied a5 medium to high govemors wil assess and evaluale Ihe impact and agree action to M￿gate and monitor. Measures in place includes.. Formal agendas ancf papers for all meebngs of Injstees Clear and detaI￿d term5 of ￿feren￿ for eath committee Extemal auditors review of controls. poI￿leS and management accounting FormJ written polic￿5 Established organisat￿nal structures and lines of reports.ng Trustèes with designated responsibility for safeguarding. and health and safety A strategic plan and an annval approved budget by the board of I￿￿teeS Vetting procedures as required by l&¥ for the PYDteth"on of the vulnerable Proper delegation of authority and segregab.on of duts"e5 R•s8rv•s policy The aim of the reserve policy is ID generate lunds that can be reinvested into the charity's objects and future plans whilst maintaining sufficient cash reseThes for emergency purposes. The financial statement shows the assets 8nd liabilib.es attn"bulable to the vaTiOUS ft5nd$ by type and summarise the yearfs movement on each fund. At the balance Sheet date, IDtal unrestricted funds in year ending 31 August 2023 were £39,816k {2022.' £37.426kl, which were prIn￿pa￿ty rerxesented by fixed assets. The aim of the schoc4's reserves policy 15 10 accurnulate sufficient reserves by means of annu81 operats.ng surplu5 to generate iecourses for the continues development of the schc4Jl for excdlence in teaching and learning, and furtherance of the charity's aims. Main source of fundlng The main source of funding 15 fee5. The onty endmnent held by the foundats'on is restricted funds lor prizes, [￿￿-tradIng activities. bursaries, and lo support the fu￿re developmenl of ihe School. Golng Concern The board of governors has a reasonable eXpecIat￿ that the tharity has adequate ￿$Our￿ to continue in operational existence for the foreseeable future. Provision of information to auditors So far as each of the trustees is aware at the time the rew)rt is approved". There is no relevant audit Informat￿ of which the Companys autJitors are unaware, and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and lo estsblish that the auditors are aware of that infonnation. Page 14

THE CLAREMONT FAN COURT FOUNDATION LIMITED (A Company Limlted by Guaranteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 rhis report, incorporaliny the directors, report and 5tratsgic report. was approved by the Trustees and signed on Irieir behalf by.. Roger Martln Chair of Govemors Date. 1814 ILoLt Page 15

THE CLAREMopif FAN COURT FOUNDATION LIMITED IA Company Limited by Guarantee) STATEMEKf OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 AUGUST 2023 rhe Trustees (who are also the directors of the Company for the purposes of company law) are reswnsible for prepartng the Twslees. Report Induding the Strategic ReF¥Jrt and the financial statements in accordance with

p￿1¢able law and United lfjngdom AC￿)Unting Standards (United lfj'ngdom Generally Accepted Accounting

Practice). Company law requires the Trustees to prepare finanad statements for each finanaal year. Under company law, the Trustees must not approve the financiat slatements un￿sS they are sab"sfied that they gNe a true and fair view of the stste ol affair5 of the Group and the Company and of their incoming resour￿5 and application of resources, including their InC￿e exttnditure. for that Feriod. In preparing these financial ststernents, the rnjstees are required lo". select suitat4e aeeounting policies and then ap￿Y them con$istenty,' observe the methods and principles of the Charrt]"es SORP IFRS 1021., make judgments and accounts.ng esb"mates that a￿ reasonab￿ and pruden( stsle vthether applicable UK Accounb'ng Standards IFRS 1021 have been fdknved, subject to any material departures disclosed and explained in the financHI statements" prepare the financial statements on the gcAng c£Jncern basis unles5 it is inappropriate to presume that the Group wll continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the ComFonYs transactions and disckw with reasonable ar￿UraCY at any time the financial position of the GTOUP and the Company and enable them to ensu￿ that the financial Statements comply wth the Companies Act 20C6. They are also reSponsi￿e for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularib"es. Apwed by order of the members of the ty)ard of TDJsiees and SIgr￿ on its behaff by. Roger Martln Chair of Governors Dale.. Page 16

THE CLAREMONT FAN COURT FOUNDATION LIMrrED (A Company Llmltèd by Guarnntso) INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF THE CLAREMONT FAN COURT FOUNDATION LI￿￿ ED Qilnion e have audrted the financial statwnents of The Claremont Fan Court Foundation ￿Mited (Ihe'parent charita￿e cQmpany'} and its 5ubsidiarie¥ (the 'gre￿p,) for the year ended 31 August 2023 which o)mprise the Consolidated Slatement of Financial Actswties, the Consolidated Balan￿ Sheet, the Company Balance Sheet. the GffisoI￿ated Statement of Cash Flows and the related notes, induding a Summary ol significant accounting pc4ves. The financial reporting framework that has been applth in their preparation is applieable and United Kiigdom Accounting Standar(l$. induding Finanaal Reporting Standard 102 'The Financial Reporting Standard arplicabie in the UK and Republlc of Irel￿￿ (Unrted lQ"ngdom Generalty Acceptod Accounting Praclicel. In our oplnion the fin8neAd $tAiements'. gi¥e a true and fair of the state of Ihe Group'¥ of the parent CharItab￿ ctmpanys 8ffalr8 a8 at 31 August 2023 and ¢1 the Group's incoming resour￿$ and applicaiion of resource¥, Includlng its income and expenditure for the year then ended. have been property prepared in 8c¢ordane wlth Urdted ￿ngdorn Generalty Accepted Acuunllng Practice.. and have been prepared in acc(Kdance ith the requirements of the Compani8¥ ALt 20C6. B••1• for oplnlon We conducted our audit in accordance with Intemational Stsndards on Audrnng IUKI IISAg {UKII and applleable law. Our responsibilit￿ under those 51andards are further described in the Audilorfs reswnsibilitk8s for the audlt of the ftnancial statements section of our report We are Independent of the Group in acDJrdance wth the ethical requirements that are rdevanl to our audit of the finanual statements in the Uniied Kingdom. Induding lh8 Finanaal Repo￿.ng Counufs Ethical Standar(I, and VIE have fvlfilled our olher ethical responsibilities in accordance wth these requirements. We believe that tre audtt evidence we have obtained is sufficnt and appropriate to provide a ba51s for our opinion. Conclu•lon8 relatlng to golng conc•rn In auditrng the financ￿1 ststements. Vt have conduded Ih81 the Trustees. u8e of tha golng concern basls of accounting in the PTeparation of the financi81 slatements 1$ appropriate. Based ¢Jn Ihe Wofk we have performed. V•P have not identsfied any material L5n¢8rtainties rekb'ng to events or conditions that. individudty or col*tNely, may cast significant doubt on the Group's or the parent charitable company's abilty to continue as a going concem for a peiiod of at I￿1 twelve months from wthen the financhql slaternents are authorised for issue. Our responsibilits"e5 and the responsibililies of the Trustees wilh r85PeCt to gdng concem are des¢ribed in th¢ rdevanl sections of this rep P￿e 17

THE CLAREMONT FAN COURT FOUNDATION LIMITED {A Company Llmltad by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CLAREMONT FAN COURT FOUNDATION LIMrrED {CONTINUED) Other Informatlon The other infomiation comprises the information induded in the Annual Report other than ihe financial stalernents and our Auditorfs Report thereon. The Tnjstees are re5wnsible for the other informats.on contained wrthin the Annual ReporL Our opinion on the financial ststement5 (loe5 not cover the ott)er information and, except to Ihe extent otherwise eXpl￿rUY stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other infemth.on and. in doing so. cOns￿er whether the other infomiats'on is rnateri￿￿ inconsi5tenl the finanaal statements or our knovAedge obb'ned in the course of the audit. or othermse appears to be materBIty misstated. If we identify such material in￿nsISte￿￿e5 or apparent material misstatements. we are required to detemiine whether this gNes rise to a material mi5Statement in the financial statements themselves. If, based on the WOTk we have perforrned. we condude that there is a materk41 mwtalemenl of this other illforrnation. we aTe required to report that fa¢L Vve have nothing to in this regard. Oplnlon on other mattoys pres¢rfb￿ by the Companles Act 2006 In our oynion, based on the Work undertaken in the course of the audrt the information given in the Trustees. Report including the Strategic Report for the financial year for ￿[ch the financial ststements are prepared is wnsistent wth the finanaal statements. the TnJstees' Rewrt and the strateg￿ Rep￿1 have been prepared in accordance applicabte legal requirements. Matters on which we are required tr• r•port ty exceptlon In the light of our knovAedge and understanding of the charitsbte wmpany and its environment obtained in the COUT58 of the aud¢ Y•P have not identified material misstslements in the TnJstees' Report inC￿ding the Strategic Report. We have nothing to report in resF*Ct of the follcMng matters in rejabon to which ComF4nies Act 2L%)6 requires us to report to you rf. in our opnion.. the parent tharitable wmpany has rtol kept adequate and sufficient 8¢xounting records. or returns adequate for our audit have not teen received frcfn branches nDt visited by us.. or the parent tharitabte company financial statements are not in agreement with the acc¢yJnting r￿OrdS and reknms," or certain disclosure$ of Trustee5' remunera11￿ 5peryfEd by law are not made" or we have nol re￿iVed all infrymation and exF4anations ￿qUi￿ for our audiL Page 18

THE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company Llmlted by Guarant•el INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CLAREMONT FAN COURT FOUNDATION LIMITED {CONTINUED) Fiesponsibilities of trustees explained more fulty in the Tru5tees' Responsibilltie5 Statement, the Trustees (who are also the directors of IFie charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true an(1 fair wew, and for such internal control as the rrustees determine is fiec&ssary to enable the preparation of financial statements that are free from matenal miiststement. whether due to fraud or error. In preparing the financial slalements. the Tru5tee5 are responsible for assessing the Group's and the parent Gharitable companys ability lo ￿nty"nue as a going concwn, disclosing, as applicable, matters related to going concem and using the going contsrn basis of accounting unless the Trustees either intend to liquidate the Group tsrthe parent charrtable company or to cease operations, or have nD realistic attemative but to do so. Audltorfs responslbilltles for the audlt of the flnanclal 8tatsm?nts Our objeclives are to obtain reasonable assufance about whether the financial statsments as a whole are free from maleTial misststement. whether clue to fraud or error, and lo issue an Audito¢s Retxjrt that indudes our OFinion. Reasonable assurance is a high level of assuran￿. but is not a guarantee that an audrt conducted in accordance with ISAS IUKI will always ¢Jetect a malerid misstalemenl when il exisls. Mi5sts*emenls can arise from fraLKI or error and are considered materi81 if. indiwdually or in the aggregate, they could reaSona￿Y be expected to influence the economic decisions of user5 taken on the basis of these financial statements. Irregularilles, Including fraud, are instan￿S of non-complian￿ wrth laws and regulations. We design procedures in line wlh our responsibilities, Outlined above. to delecl material mi5statemen15 in re5PECt of irregularities, including fraud. The extent lo which our procedures are capable of det￿tr"ng irregularities. including fraud is detailed below.. We gained an understanding of the legal and regulatory framework applicable to the Group and the parent charitable company and the industry in which it operates, and considered the risk of acts by the Group and the Parent charitable company that were contrary to applicable laws and regulats'ons, including fraud. We designe audit Pro￿dureS to respDnd to the risk, recognising that the rlsk tsf not detecting 8 material misstatement due to fraud ￿ higher than the risk of not detecting one resuliing from error, as fraud may involve deliberale concealment by, for example. f￿ery or intentional mlsrepresentations. or through collusion. We f￿U$sed on laws and regulations which could gNe rise to a material misstatement in the financial ststements, induding. bul not limited to, the Charities Act 2011, Companies Act 2006 and UK tax legislatTon. Our tests included agreeing the financial statement disclosures lo undertying supporting documentation and enquirie5 wth management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations 15 from the events and transactions reflected in the financial ststements. the less likety we would become aware of IL We did not identify any key audit rnatters relating lo irregularthes, including fraud. As in all our audits. we also addressed the risk of management override of inlemal conlrDls. including lesling journals and evaluating whether there was evidence of ￿aS by the Trustees that resented a risk of material misststernent due to fraud. A further description of our responsibilities for the audit of the financial statements Os located on the Financial Rep)rting Councifs website at WW￿.fro0 .uklauditorgres onsibilities. This description forms part of our Audilorfs Report Page19

THE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company Llmltsd by Guarantee) INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF THE CLAREMONT FAN COURT FOUNDATION LIMITED ICONTINUEDI Us• of our roport This repurt is made solely to the charitsble company's members, as a body. in accordance with Chapter 3 of Part 16 01 the Companies Act 2006. Our audll work has been undertaken so that we might slate to the charitsble ctrnpany's members those matters we are requbred ID stale to them in an Audltols Report and for no other purpose. To the full851 extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and its members, a5 a body. for our audit work, for this report or for the opinions we have formed. Mark Dlckln¥on FCA IS•nlor Statutory Auditor) lor and on behalf of Shaw Glbbs (Audltl Llmlt•d Stslulory Audllor Wey Court West Union Road Farnham Surrey GU9 7PT Dale.. Page 20

THE CLAREm0P￿ FAN COURT FOUNDATION LIMrrED IA Cornpany Limlted by Guarant￿) CONSOLIDATED STATEMENT OF FINANCIAL ACTrvrtlES IINCORPORATING INCOME AND EXPENDrruRE ACCOUNn FOR THE YEAR ENOED 31 AUGUST 2023 Endowm•nt funds 2023 R•stricted Unvestrieted funds funds 2023 2023 Total funds 2023 Total funds 2022 lfjtornfr and endo￿nts from: Donations and legacAes Charitable actNits'es Cxher trading acb"vibes Investrnents Okner income 11.982 41,450 21231,855 138.882 57.310 60.674 53832 21,231,855 138,882 79,320 60.674 61,916 18.528,393 151. 775 20,574 17,689 17,117 Tolal Inwne and endovmients 17,117 16.875 21.$30.171 21,564,163 18,780.347 Expendtture on: Raising funds Chariiable act"Mties 9,10 12 7,496 1143 253.060 18,900.777 262.699 18,900,7TI 195,226 15. 101, 145 Total wondltuve 2,143 19,1S3.837 19.163A76 15.296,371 Net in¢¢me before lossos on Investments 9,621 14,732 2.376.334 2,400,687 3.483,976 Nel losses on investrrents fl,842) (2.242) 110,084) f66,564) Net Income Transfers bets¥&n funds 1.779 12,490 2.376.334 2,390,603 3,41 T,412 23 (13280) 13,280 Net movement In funds 1,T19 (7901 2.389,614 2.390,603 3.417.412 Roconclllation of funds: Total fund5 brought 677.655 474.482 (7901 37N25,971 2,389,614 38,578,108 1390.603 35.160,696 3,417,412 Net movement in fund$ Total funds carrl forward 679A34 473,692 39,815MS 40,968,711 38,578,108 The Consolidated Statemenl of Financk4 Acttvitses indu(les all gains and tosses Tecognised in the year. The notes on pages 25 to 54 fom wt of these financi* statements. Page 21

THE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company Llmtted by Guarantee) REGISTERED NUIIJ8ER: 01262373 CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2023 2023 2022 Flx•d uoet• Tangible assets Investrnents 17 44J66,171 1,017.9S9 43,129,170 1,015,671 18 45.384.130 44.144,841 Gurrnnl M••ts Debtors Cash at bank and In hand 19 801N43 5.256,994 731,444 4.302,808 6,058N37 5.034,252 c￿d[lors.' amounts lalllng due wrthln one year 20 18.831.17•} (5,704.663) N•t curr•nt Au•t• l (Il*bllltlM) (670,411) Total a•••t• le•• currnnl Ilabllltlq• 45,611,388 43,474,430 CEdilors.' amounts falh'ng due after more than one year 21 (4,642,677) (4,896,322) Total n•t 40,968.711 38,578, 108 Chllrlty fund• End¢)wment fund$ Restricted funds Unrestricted funds 23 879N 473.692 39,815,585 67T,655 474,482 37.425.971 23 23 Total fund8 40,968,711 38.5T8,108 The Trustees aCkn￿edge thelr ￿pC￿sIb￿rt￿ for complying with ts requirements of the A¢t wrth respect to counting record5 and preparation of financial statements. The financial statements were apwoved and 8uVwrised for issue ty the Truslees and signed on thelr bèhalf by. Roger M4Rln Chair of Govemors Date. l 3 Itsql The notes on pages 25 to 54 fcym part of these financta slatemenls Page 22

THE CLAREMONT FAN COURT FOUNDATION LIMrrED (A C¢mpany Llmited by Guarantee) REGISTERED NUMBER: 01262373 COMPANY BALANCE SHEET AS AT 31 AUGUST 2023 2023 2022 Note Flxed a•s•ts rangibla assets lrngstrrents 17 18 44,386,171 1.017,981 43,129, 170 1,015,673 45,3B4,132 44,144.843 Gurrent a••eth Debtors Cash at bank and In hand 19 1,067,139 4,975,273 907,208 4,104,614 6,042,412 5,011,822 Credltors.. amounlg falllng due vAthln one year 20 (6,822,490) (5,689.569) Nei currnnt 08••t8 I Illabllltlej) 211,922 1677, 747) Tot•1 ••••t• l•M eurr•nt Il•bllftle• 46,604,064 43.467,096 Creditor8". amounts falling due after more than one year 21 14.842,6761 (4.896,322) Total n•1 48••ts 40,961,378 38,570, T74 Charlty fundi Endowment fund8 Restricted funds Unrestricted funds 679N34 473.692 39,808,262 677,655 4T4,482 37.418,637 Totsl fund• 40.961.378 38.570, 774 The Ccmpanvs net movement in lunds for the yearwas Q,390,603 (2022- £3,417,412). The Trustees acknowledge their responsibilities for complying V￿th the requirements of the Acl with respect to accounting records and preparation of financial Statements. The financl81 statements wore approved and authorised for Issue by the Trustees and slgned on thelr behalf by= Roger Martln Chalr of Govemors Date. iYlo*1kn4 The notes on pages 25 to 54 form part of these Ilnancial statements. Page 23

THE CLAREMONT FAM COURT FOUNDATION LIMITED {A Company Llmlted by Gu•rnnt•• CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023 2023 2022 Nole Cawh 110￿ from owrallng acllvltlo* Net cash used In operating actiwties 3.460.004 2.554.281 Cuh flwa from Invutlng actfviti Dwidends, interests anrl rents from investrnents Purchase of tangible fixed assets 79.320 20,574 11,928,968) (5,229, 711) N•t cuh u••d In Inv•stlng •¢tlvlil 11.847.648) (5,209,137) G••h flo￿ from fln•nclng •ctl¥ftl Repayments of borrowng Repayments of finance lea Interest pajd (295,854) 144,376) 1317,940) f349,045J f31,583) (138,098) Net cuh used In flnanclng acllvttl 1658,170> {518,7261 Change In c••h and calh •qUI￿￿￿ts In th• y••r Cash arbd cash equivalents at the beginning of the y 9S4,186 (3.173,5821 4302,808 7,476,390 Caih and clih •qulv•l•nts at th• •nd ol lh• ymr 27 6,258,994 4,302,808 The notes on pages 25 to 54 fomi part d these financial statements Page 24

THE CLAREMONT FAN COURT FOUNDATION LIMrrED IA Company Llmtted by Guarantge NOTES TO THE HNANCiAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Genernl Infom1￿1on The Claremont Fan Court Foundatlon Limited is 8 prwate company limlted by guar8nlee. Incorporated in England. The registered office is Claremont Fan Court School, Claremont DI￿e, E8her, Surrey. Iff10 9LY. The Members of the Company are the Trustees named on paga 1. In the event of th8 Company being wound up. the liability in regpecl of the guarantee fs limlle(I to £1 per Member of the Company. A¢¢ountlng pollcl 2.1 B•BIB ol preparatlon of Ilnanclal 8tatomeThts The financial statements have been prepared accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charili&s,' Slatsmenl of Recommended Practice applicable to charitie8 preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectiV8 1 January 20191, the Financial Reportlng Standard applicable In the UK and Republi¢ of Ireland IFRS 1021 and the Companle8 Act 2006. The Claremont Fan CoLtrt Foundatlon Llmlled mee18 the deflnltSon of a publlc benefrt entity under FRS 102. Assats and Ilabilltles are inilialty ro¢ognised at hlslorical cost or transacllon value unless otherw188 8tat8d in thè relevant accDunting policy. The Consolidated Statement of Financial Activities ISOFAI ane Consolidated Balance Sheet consolidate the financial statements of the Company and 118 subsidlary undertaking. The results of th& subsidiary are con801idated on a Ilne by Ilne ba81s. The Comp8ny ha9 taken advantage of the exemption allowed under 8ection 408 of the Companlas Act 2006 and has not presented its own Slalernent of Flnon¢l81 Aclvlties in these fi'nancial 8tatement8. Th8 presentstion Gurrency of the Company Is GBP. The finanGial $tat8menls are rounded to the neargst £. 2.2 Fund A¢¢ountlng GeneTal fvnds are unrestricted funds which are aVaila￿e for use al the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. D88ignaled funds comprise unrestricte(I funds that have been set asld8 ty the Trustees for particular purpDses. The aim and use of each designated fund is set out In the notes to the financial stalernents. Restricted funds are lund5 whlch are lo be used In accordance wlth S￿cIfiC restrfcllons imposed by donors or which have tEen raised by the Group for p8rt6cular purposes. The costs of raising and administering such funds are charged against the 5pec6fic lund. The alm and u58 of eath restricted fund is Set out in the notes to the financAal statements. Investsnent income, gains and losses are allocated to the appropriate fund. Page 25

THE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Accounting pollcl•8 Icontlnuedl 2.3 Incorne All income is recognised once the Cornpany has en￿llernent lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax re¢overable in relation lo investrnent income is recognlsed at the Ilm8 the Investrnènt income 18 receivable. Other income Is recognlsed In the period In which it is receivable and to th8 exlenl the goods have been providgd or on completion of the Service. Fees recewable and chaTggs for service5 and use of prernise5 are accounted for In the p8nod in which the service is prowded. Fees receivable are slated after dducbng allowances, scholarships and other remission5 granted by the School trom Ils Un￿81￿Cled funds, but include contrtbulions from restricted funds for 8cholar8hips, burS8￿e8 and other grants. 2A Grant and burnarl Grants, bursaries and allowances Irom unrgslricled funds towards fees at the School are treated as redudion in those fees. 2￿ Expendlturn Expenditure is rgcognised oncè therè is a legal or constructive obligatlon lo transfer economlc benefit 10 8 Ihlrd party, il is probable that a transfer of economic benefits will b8 required in settlement and the amount of the obligallon ¢an be measured reliably. Expenditure 15 clas5rfied by activity. The costs of gach activity are madg up of the lolal of direct costs and shared costs, includlng support Costs involved in undertaking each activity. DiTecl cos15 atlributable lo a single actmty are allocated directly lo that activity. Shared costs vthich conlribulo lo more than one activity and support costs which are not allributable lo a single activity are apportioned be￿en those activities on a basis consi51ent wlh the use ol resourc6s. Central 51aff costs are alloeated on the basis ol lime spent, and depfecialion charges allocated on the portion of the asset's use. Expenditure on raising funds indudes all expenditure incurred by the Group to ralse fund8 for ts charitable purposes and includes costs of all fundraising activilles events and non-charilable trading. Expendllure on charftable actlvilles Is incurr8d on diraclly undertaklng the acttvities which further the Group'8 obleclves. 38 well a5 any assoclated support costs. All expenditure is inclusive of irrecoveraNe VAT. Page 26

THE CLAREMONT FAN COURT FOLINDATION UMITED (A Company Limhed by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Accountlng pollcles Icontlnuedl 2.6 Golng Concern The financial 5talemenls have been prepared on a going rnnrern basi5 which the Trustees conslder lo b& appropriate based on the followng.. Group and Comp8ny have returned to net current assets of £227,258 and £219.922 respectively at 31 August 2023 131 August 2022= net current liabilities £670,411 and £677,747 r8spgctfvety>,' The Company has generated a surplus for the year ended 31 Augugt 2023 and Gonlinue8 to forecast a surplus; - The Comp8ny'8 liquidity Position based on cur￿nt and projected cash resources. Ba￿1 on the above asses5rnenl of the Group's fore￿ts, Trustees have concluded that the Group ha5 adequate resources lo conllnue for the foreseeable future (for a period of al least tsvelve months after the date the finandal statements are signed). Accordingly the financral statemen15 have bgen prepared on a going c(￿cern basis. 17 Gov•rnm•nt grant• Government grants relating to the Coronavirus lob r8t8ntlon 8chame are creditsd lo the Consolldated Statement of Financial Activities as the related expendhure is Incurred. 2.8 Interest recelv•bl• Inlere81 on funds held on deposrt Is Included when r•ceivabl8 ond the amount can be measured re1I8bly by the Group., th1515 norm81ty upon nollflcatlon of lh8 interest P8ld or p8yoble by the in81itulion vAth whom the fund8 are deposited. 2.9 Tanglblo Ilxod a88•ts and doproclatlon Assets are capit81ised when a non-rgplacement item, project or package of improvement is of a value higher than £1.000 and when the ben?fil accruing from the expgndilure will be of a lasting nature. i.e. of more Ih8n one year. Interest and financing costs on borrowng relating to fixgd 0s8ets Is eapilallsed in the cost of the as$eL Tangible fixed assets are carried al c05( net of depreciation and any provision for Depreciation is not charged on freehold land. Assets in the course of con$truclion are included at cost5 incurred to date. Depreciation on theso assets is not charged unb'l they are brought Into use. Page 27

THE CLAREMONT FAN COURT FOUNDATION LIMrrED (A Company Umlied by Guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Accounting policies I￿rtI￿ved1 2.9 Tangible fixed assets and depveclatlon (contlnued Depreciabon is charged so a5 to alkncate the cost of langit4e fixwj assets 18S5 their residual value over their estimated useful In￿5, as detailed belN. Dep￿lat￿n is Provided on the foll￿1r13 bases.. FreehcAd propwty - Grnde 1, Grle 2 at)d Grade 2" Lisied (Mansion, StstAe Cwr( White Cottage, Generator Hc4Jsel - 200 years Lsseful life Mth reshjual Yalue 50% Tempcrfary Buildings and non listed buildings- 30 yeaTS resiE1ual value 25% New ￿lkI1￿95- 50 year5 With residual value 25% Wider laThJscayng works- 25 year5 straight Car parks and road *Drks- 25 yeaT5 straight OUtd￿r sp)rts facilib'es- 25 years straight line Motor vehide5 Fixtures and fittings - 25% reduung tsatan￿ . - comprised ot -Plant 20% straight line -CompLrter5'. 25% straight line -Equipment 20% stra￿￿h1 I￿e -se￿rI￿. 7.5% 10 2￿ straight line -Fixiures & fftbngs". 200A stra.ght kn'ne Assets ￿ the course of construction - Not depwiated until availaL4e fvr use 110 Investments Ftxed as5el investments are a form of finanual instrument and are In￿allY recognised at their transaction cost and subwuenty measured at fair value at the Balan￿ Sheet dale. unless the value ¢annot be measurd reliably in whith case it Is measured at C051 less impairment. Investment gains and losses. whether realtsed or un￿aliSed, are clxnbined and presented as 'GainsllLos5es) on investrments. in the Consol¢dated Stslement of Finanual Actmthes. Investments in SLrbsKliaries are valu￿1 at crtst kn provi8#)n ts Impai￿ert Page 28

THE CLAREMONT FAN COURT FOUNDATION LNITED IA Complny Lim6tsd by Guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Accountlng pollcl•s Icontjnuedl 2.11 Flnancg Iws•• and hSre purchase Assets obtained under hire purcha%e contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finan￿ kne are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreaated over their useful bve5. Flnance leases are those where substantialty dl of the benefits and risks of ownershlp are a55umed by the Group. Obligatsons untjer such agreements are induded in credito￿. net of the financa allocated to future Feriods. The finance element of the rental payment Is charged to the Consolidated Statement of Financial Activibes so as to produce a constant per*Jdic rate of charge on Ihe net obligation outstanding in each perk￿. 2.12 Dobtov• Trade and other debtor8 we recognised at the settlement amount after any Irade di8count offered. Prepaymanls are valued al the amount prepaid net of any trade discounts dua. 2.13 Ca•h It ￿nk •nd In hand Cgsh al bank arHJ in harKI Indudes cash and short4ern hlghty Ilquld In￿stmentS wilh a she41 Ms￿rity of three months or less from the dats of aGquisitiw or opening of the deposit or similaT accounL 2.14 Llablllll•• and provl•lon• LI81￿lItieS are re¢ognised when there is an obligatson at the Balance Sheet dale a8 8 result of a past event. il is probaue that a transfer of economic b8nefft wlll te required in setUemen( and the amount ol the settlement can be estimated reluqbly. Liabilities are recognised at the amount that the Company antscipates il wdl pay lo setde the debt or the amount rt has recwved as advanced payments for the gcv)ds or serv¢ce$ il must provide. Prowsians are measured at the best estirnate of the amounts required to settle the obligation. Where the effect ol the lime value of money is rnalerial, the provision is based on the present value of th068 amounts, discounted al the prè-tax discount rate that reflects the risks specTfic to the liabilty. The unwinding of the (tiscount is rwnised in ihe Consc4idated Slatement of Financial Activits"es as rmance cost 2.10 F•95 in 8dv•n¢• Fees in advance we treated as deferred income unts"I the criteria for kncome recognition are met 2.16 Fln•ncl•l In8trument8 The Group onty has financial assets and financial Ik3bilities of a kind that qualify as basic financial instruments. Basic finanud instruments are In￿"al￿ re¢>)gnised al transaction value and subsequently measured at their 5etUernent value whth the ex￿pth.0n of bank loans which are subsequently m&8sured at 8moTtised cost using the effectfve interest methrAI. Page 29

THE CLAREMONT FAN COURT FOUNDATION LIMrrED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Accountlng pollcles Icontinuedl 2.17 Penslons The Cornpany opeTates a defined contributk)n pension scheme and the pension tharge represents Ihe amounts payable by the Company to the fund in respect of the year. The Company operates a defined tenefrt5 pension scheme. The scheme is a Tnuhimployer scheme where it not F)osSib￿. in the nomial exjurse of events. to ￿e￿trfY on a consistent and reasonable basis. the Share of undeth'ng assets and liabilthes belonging to indNidual Pa￿e1pating employers. Therefore. as ￿qUIred by FRS 102 'post-employmenl beneffts., the Corripany accounts for this Scheme a5 if tt were a defined Contribu1￿ eme. The amount charged to the Statement of FinarrAal Acb"wb"es represents contributi￿S payable lo the scheme in respect of the accounting Feric*J. C￿tIcal accountlng 8Stknat•s and areas of judgmenl In the application of the accountsng policies. management is required to make judgments. estimates and assumptions about the carrying values of assets and liabilffies that are not readity apparent from other sources. The estirnates and undety.ng assumptions are based on historical expertence and other factors that are (x)nsidered to be relevant Aclual resulrs may drffer f￿M these estimates. The estimates and underlw'ng assumptrons are reviewed on an ongoing basis. Revisions lo accounting estimates are recognise(l in the peri￿J in which the esb"rnate is revised if the revision affects only tral riod, or in the penod of the rewsion and future pe]Icrtl$ rf the ￿vIsion affects both current and future periods. Cribcal accounting 8stimate6 and assumptions: - Usefijl economic Ir¥es of tangitrle assets The annud depreciatK)n tharge is sensitive to changes ￿ the economic INes and residual values of tho assets. Split of land and buildings Separate value5 fDr land and buildings are detem)ined by professbonal valuers using valuation techniques or by rnanagement using available infoTrnation simikr sites_ Page 30

THE CLAREMoKf FAN COURT FOUNDATION LIMITED (A Company Llmlted by Guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 AUGUST 2023 Income from donatiom •nd lègaci Restrlcted Unrnstricted fund• funds 2023 2023 Total funds 2023 D¢)nations 11.982 41,450 53,432 ReSt￿ted Unrgstrictgd funds funds 2022 2022 Tot81 fvnds 2022 Dcnation¥ 11,655 50,261 61,916 Ineorn• from charftablo aclfvttle• Unre•trfct•d fund8 2023 Total fund• 2023 School and reglstration fees Bursaries. grants and alkxances 22,576,899 22.576,699 11,344,844) 11,344,844 21.231,855 21,231,805 Total funds 2022 funds 2022 Sthool and reglstration fees Bursaries, grants and atkNAnces 19,706,709 19.706,709 (1, 178.316) (t.178.316) 18.528,393 18,528.393 Page 31

THE CLAREMONT FAN COURT FOUNDATION LIMrrED (A Company Llmlted by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Income from oth•r trading a¢tlvStles Income from non charitabh trading athit Unrestrictod fund8 2023 T¢Jtal funds 2023 Rent receivable 138.882 138.882 U￿reStr￿ted funds 2022 Total funds 2022 Rent recenRNe 151, 775 151, 775 InvBstsnent Incorne Endowment Restricted Unmtrlcted funds funds funds 2023 2023 2023 Total lund$ 2023 Income from listed investments Interest receNed 17,117 4.893 22.010 57,310 57,310 17,117 4.893 57,310 79,320 En(kI￿nI Restrthd unreStr￿ted Thts fvnds funds 2022 2022 2022 Total fvnds 2022 Inwme from fisted investsnents Interest receNe(I 14. 133 18.173 2.401 2,401 14. 733 4,040 2,401 20.574 Page 32

THE CLAREMONT FAN COURT FOUNDATION LIMITED (A Company Limltod by Guarnntse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Other Incomlng vesouvcos Unrestricted nds 2023 Totsl funds 2023 Sundry income 60,674 60,674 Unrpstricted funds 2022 rotsl funds 2022 Sundry income 17,689 17.689 Expenditure on ralslng funds Endowment Restrlcted Unrestrl￿ed funds funds funds 2023 2023 2023 Tolal funds 2023 Costs of raising voluntary InC￿e {Nc* 101 other trading expenses (Note 10) Investsment management costs (Note 111 227.252 25.808 227.252 25,808 9,639 7.496 2,143 7.496 2.143 253.060 262,699 En(knwmeni Restricted Unrestrid8d fvnds fvnds funds 2022 2022 2022 Total funds 2022 Costg of raising ¥oluntary income (Note 101 Other trading expenses (Note 101 Investment management costs {Note 11) 159.923 25,245 159,923 25.245 10.058 7.822 2.236 7.822 2.236 185. 168 19&226 Page 33

THE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company LIMIt￿ by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 10. Expendlturg on raising funds Costs of rai51ng voluntary incom• Unrostricted funds 2023 Total funds 2023 Printing, F*)Stage and stationery Arfvertising Computer costs Legal and profession General fundraising expense$ Wages and saialles National insuran Pension costs 7,159 7,159 6.917 6,917 78.786 109.839 11,469 13,082 78,786 109,839 11.469 13.082 227,252 227.252 Unr8strKled funds 2022 Total funds 2022 Printing. p￿tage and stationery Advertising Computer costs Legal and profe55tonal General furHliaising expenses Wages and salaries National insurance 5,481 8,090 1.353 217 6,385 108,203 10,993 13,201 5,481 8,090 T.353 217 6,385 108,203 10,993 13.201 Pension costs 159,923 159,923 Page 34

THE CLAREMONT FAN COURT FOUNDATION UMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 10. Expendlture on ralslng funds Icontlnued 0th8r trading expenses Unr88trlcted funds 2023 Total funds 2023 Aifmini8tration expenses 25,808 25,808 Unrpslricted funds 2022 Total runds 2022 Administration expenses 25.245 25,245 11. Investment management costs Endowment Restricted funds funds 2023 2023 Totsl lund$ 2023 Inve$tsT)ent management fee5 7,496 2,143 9,639 Endowment Resfvcted funds fvnds 2022 2022 Tot81 funds 2022 Investrnent management fees 7,822 2.236 10.058 Page 35

THE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2023 12. Analys￿ of gxpondtturn on charltable actlvltleB Summary ty fund type Unrestrlcted funds 2023 Totsl 2023 Edu¢allon 18.900,777 18,900,777 R8slrKtgd Unrestricted funds funds 2022 2Q22 Total 2022 Educallon 11,657 15,089,488 15, 101, 145 13. Anaty•l8 of •xpondltur¢ by actlvhle• AGtlvltl•• undertak•n dlr•ctly 2023 Support costs Total . funds 2023 2023 Educauon 13,263,408 5,637,369 18,900,T17 Aclivilies undertaken directty 2022 Support costs 2022 Total fvnds 2022 Educa￿ort 10,590, 176 4.510,969 15, 101, 145 Page 36

THE CLAREMONT FAN COURT FOUNDATION UMITED IA Company Llmlted by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 11 An￿￿1$ ol wxnditur• by acllvltles Icontlnued) Analy•l8 ol dlr•ct co•ts Total funds 2023 Educatlon 2023 staff costs Teaching costs Premises Costs other costs 9.341.819 1,275.249 391.953 2,254,367 9,341,819 1,275,249 391.953 2,254.387 13.263,408 13,263.408 Tot81 fvnds 2022 Educat 2022 8,145,155 743,009 345.555 2,423 1,354,034 8, 145, 155 743.009 345,555 2,423 1,354,034 Teaching costs Premises costs Stholarship8, prries and awards Other costs 10,590, 176 70,590, IT6 Page 37

THE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 13. Analysls Df oxponditUTP by athlti•s Icontlnuedl of sUPPOrt costg Totsl fund8 2023 Educatlon 2023 Staff costs Govemance costs Prerni5es costs Other administra￿on rx>its Depreciatlon Loan Intsrest poyabl¢ 2.278,136 53,188 1,299.555 800.830 901,646 304.214 2,278,136 53,188 1,299,555 800,630 901.646 304.214 5,637,389 6,637,369 Total funds 2022 Eéuc8tion 2022 Staff c08t8 Governance costs Premises co815 other administration costs Doprecialion Loan interest Payable 1,998,042 59,002 1,096,972 519.339 701, 796 135.818 1,998.042 59,092 1,096,972 519,339 701,796 135.818 4,510,969 4,510,969 Page 38

THE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 1 l Auditorf$ remuneratlon The auditorf3 remuneration amounts to an auditor f* of £24,34112022- £42, 124). 1 & Siaff costs Group 2023 Group 2022 Company 2023 Company 2022 Wages and salaries Social security costs Contribution to defined contrfbulion pension schemes 9,095,893 919.1)54 7.g38, 792 803,8to 9,057.436 919,054 7.901,245 803.810 1.739.397 1,532,991 1,739,397 1.532.991 11,754,344 10,275.593 11.715.887 10,238,04S The average number of persons employed by the Company during the year was as follows.. Group 2023 No. Sroup 2022 ompany 2023 No. Company 2022 No. Teaching Academic support Admin and maintenance cli lary 130 125 41 130 45 125 45 41 60 20 65 17 17 20 257 246 257 246 Page 39

THE CLAREMONT FAN COURT FOUNDATION LIMITED {A Company Llmit¢d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 1 S. Staff cost¥ Icontlnu•d) The number of empW$ whose ern￿Oyee beneffts lexdudlng employer pension costs) exceeded £60.000 VAS.. Group 2023 Group 2022 No. In lh& band £80,OQ1- £70,000 In the band £70.001- £80,000 In the band £80,001- £90,000 In the band £90,001- £100.000 In the band £100.001- £110,000 In the band £110,001- £120,000 In the band £120.001- £130.000 In the band £130,001- £140.000 In the band £140,001- £150,000 In the band £150,001- £160,000 In the band £160,001- £170,000 In the b8nd £170.001- £180,CWJO In the band £180,001- £1sYI.IJ)O 19 The key management personnel of the Schcol are the head teachers for the $enior. preparatory and pr preparatory schools, the seniof deputy head teacher of the senior schocA. the pastoral deputy held leactter, the academic deputy head, the head ol HR. the head of f8cslib"es. the burgar, the flnancial trOl￿r and the eslale manoger. The total remuneration ol the key management per80nnel in the year was £1.194,432 12022.. £1.082,4501. 16. Trustees. refflunoratlon Ind expen• During the year, no Trustees r￿1ved any remuneration or other benefits (2022- £NILJ. During the year ended 31 August 2023. expenses iotalling £818 We￿ ￿1mb￿r9ed or paid direcuy lo 5 Trustees (2022- £34710 3 Twstees). Page 40

THE CLAREMONT FAN COURT FOUNDATION UMITED IA Comp•ny Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 17. Tanglble r￿ed assets Group and Company Freehold property Motor Fixtures and vehicles flttings Total Cost or valuation At 1 September 21Y22 Addth"ons 43.950.619 985,839 259,158 3,342.549 47.552.326 1,152,807 2.138.648 At 31 August 2023 44.936,458 259,158 4,495,356 49,690.972 Deprecialion At 1 Septembu 2(Y22 Charge for the year Adjustment 1,464,601 438,082 241M38 2,716,717 475.190 (11.7331 4A23,156 913,084 294 At 31 August 2023 1.902.683 241,944 3,180.1Y4 324,801 Net book val At 31 August 2023 43.033.T15 17214 1,315.182 44,366,171 At 31 August 2Lf22 42.486.018 77.320 625,832 43, 129. 170 Induded in freehold propwty is freehold iand hekj at a deemed cost of £18.764.834 (2022.. £18.764,834). historic cost £2.655.028 {2022: £2.655.0281 which15 not depr￿tated. The net b￿k value of assets hebj under finance knes or hire purchase o)ntracts. induded in fixiures & fittings and computer5 akx)ve. 15 £1￿,972 12022.. £22.8701. The depreciation charge for the period on assets held under finan￿ leases or hire purchase contracts. induded in fixtures & fftb'ngs and computers above, is £88.52712022.' £23.9191. Borrchwng costs of £NIL 12022: £NILI have been witalised within freehold propety in the year. The cumulalwe capitalised torrowing costs are £292.581 121r22'. £292.5811. This relates to 100% of the bank loan interest during the cOnstrucb"￿ Page 41

ThE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company Llmlted by Guarantefrl NOTes TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 AUGUST 2023 18. Flxed a88et Inve¥tments Llsted Inveytrnents Group Co•t or valuatlon At 1 Septemb2r 2022 Revaluab'ons 1,015,871 2,288 At 31 August 2023 1,017.959 N•t book v•lu• At 31 August 2023 1,017,959 At 31 Auqusl 2Q22 1,015.671 Inve•tments •uhldlary Llsted companle• Invutm•nt• Total Company Co•t or valuatlon Al 1 September 2022 Revaluations 1,01S,671 2.288 1,016.673 2,288 At 31 August 2023 1,017,959 1,017,961 N•t book valuo At 31 August 2023 1,017.959 1,017,961 At 31 August 2022 1.015,671 1,015,673 Page 42

THE CLAREMONT FAPI COURT FOUNDATION LIMrrED IA Company Llmlted by Gu•ranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 11. Flxed Asstrt inve8tments {continued) Investment Risk Managemont The Foundation has appointed the Service8 of a prolessional fiThn {Inveslecl lo manage ts Investrnenl portfolio. Decisions are made In accordance wkh the Foundation's investrnent policy. Though the risk management function is outsourced, the Foundation ha5 reasonable controls in place lo monitor risk levels. This includes competency ol stsff, regular updates from Inveslec. and review meetlng8 wlh the Flnancg Committee. Main areas lo cover are.. Market rl¥k: the effect of interest rates, vol81111ty ol dlvldend or Interest yleld8 and exGhange r81e risk if Investments are In forelgn markets. The overall market value gainB Over the years demonslrale good controls are pul In place by Inves18G to ensure there is no significant exposu and decisions to sell or purchase are made quickly ID miligal8 market risk exposurg where necessary. Some risks maybe inherent and can be loloratsd. Llquldlty rljk: investments may not b8 convertible back lo cash. Lack of demand for purchasers for the investrnenlg or because of tems of redemption. Considered a low risk as the Investments are frequently tr8ded on recogni8ed stock exchanges. wtthout 81gniflcanl temis attached. CT•dli rl•k: Value of the investments deteriorating through corporate failur8s. Thi6 is mitigated by the type of investments and pclicy framework. The involvement of experts ensures proper organisation checks are made to minimise the occurrence. The Foundation depends on expgrt upinion and intelligence, hence l¢)w risk. 19. O•btor• Group 2023 Group 2022 Company 2023 Comp8ny 2022 Du• wlthSn on• y••r Trade debtors Amounts owed by group undertaklngs Other debtors Prepayments and accrued Income 400,870 260,963 400,889 266,238 30,011 370,201 259. 170 177.557 12,633 457.848 30,011 370,762 12,633 457,848 801,443 731,444 1,067,13B 907,208 Page 43

THE CLAREMONT FAN COURT FOUNDATION LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 20. Credltors: Amounts lalllng due wfthln one year Group 2023 Gnxw Company 2022 2023 Company 2022 Bank loans Trade eredito Other tsxatron and socia secunty Oblryalions under finance lease and hire purchase contracts Other credrtors Accruals and deferred income 290A11 970,900 231J87 368.951 616,620 202,141 290,411 967.534 231251 368,951 $12,889 201.633 96228 3,062A90 1,179,663 1, 195 3.078,375 1.437.381 96.22B 3,062.403 1,174.663 1.195 3,076,456 1,428,445 5,831,179 5,704.663 5.822.490 &689,589 Group 2023 Group Company 2022 2023 Comp8ny 2022 Deferred income Deferred income al I September 21r22 Re5cMJrces delerred during the year Amounts released from prewou5 periods 194.918 93.351 1194.918) 194.918 93.351 1194.918) 30.050 194,978 (30,050) 194.918 (30.050) Deferred Income at tho end of the year 93.351 194.918 93.351 194,918 Deferred income relates lo trip income rw£ived in advan￿. Page 44

THE CLAREMONT FAN COURT FOUNDATION UMITED IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2023 21. Credltors: Amounts falling due after more than ono yoar Group 2023 Group 2022 Company 2023 Company 2022 Bank108ns Net 0￿￿allon8 under fi'nance lease and hlre purchase contracts Other creditors 4,670,408 4,787, 722 4,570,408 4, T87,722 72,269 72,268 108,60Q 108,600 4,642,677 4,896,322 4.642.676 4.896,322 Th8 a99regale amount of liabllitle8 payable or repayable wholly or in part more than five year8 after the reporting dale 18.. Group 2023 Group 2022 Company 2023 Company 2022 Bank loans repayable by Instalments 3,172,3J1 3. 138,147 3,172A31 3,138, 147 3,172,331 3, 138, 147 3,172,331 3,138, 147 The bank loan Is securtsy by way of first legal charge over the fre•hold propoty and 8 flxed and floating ¢harge over all property and undert8king¥ of the Company. The total bank loan b818nce owed 81 the year end wo8 £4,860,81912022.. £S,1 S6,8731. Interast is charged at 1.95% over the base rate. The loan Is ￿paYable in aqual instalments from December 2019 to November 2034. Al the year end tho loan balance in CTeditar5 indudes £77,061 of acGrued Interest12022'. £41,835). 22. Flnanclal InAtrnm•nt• Group 2023 Group 2022 Company 2023 Comp8ny 2022 Flnanclal assots Financial assets measured al fair valuè through Sncome and expenditure 1,017,959 1,015,671 1,017,959 1, 915,671 Financial assets measured al fair value through inGome and expenditure comprise frAed asset Investments. Page 45

THE CLAREMONT FAN COURT FOUNDATION LIMrrED {A Company Limil•d by GuaTanteo1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 23. Stst•mgnt of fund8 Statement of funds- current year B•lJnc8 at 1 Soptomber 2022 Balanc• at G•ln81 31 August IL068¢8) 2Q23 Transfers Inlout Income Exp•ndlturo Unre¥trlct•d funds Deslgnated funds Landscape management FabTIC maintenance of Herkage A58et8 200,000 200,01)0 400,OIN) 400,000 800.000 600,000 G•noral fund¥ General fund$ Non-charitable trading funds Revaluation eNe 14,870A04 21,391,289 119,014,985) 13,280 17,080,018 7,334 138,882 1138,8821 7,334 22,148,233 22,148,233 36,825.971 21,530,171 (19,153,837) 13,280 39,215,686 Totsl Unr•strScted fund8 37.426.971 21.530.171 (19.153.837) 13,280 39.815,686 Endowment funds Endowmgnt funds 677.655 17.117 (7,498) (7,8421 679rt34 Restrlct•d funds Scholarships and bursaries fund 11,615 594 (261) (47521 1273) 6,923 Pagè 46

THE CLAREMONT FAN COURT FOUNDATION LIMfteD (A Company Llmited by Guarantse) NOTES TO TrIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 23. Stat•m•nt of funds {contlnuedl Statemènt of funds- current year (contlnugdl Balanco at 1 Septembgr 2022 Balan¢• at GainBI 31 August ILo••è•) 2023 Tran¥fern Inlout Income ExpendSturn pr￿e5 CS Burs SAFE 386,966 4,298 1,135 11,8821 (3,7971 (691 {101 11,989) 382,600 1,907 5,642 Sport8 & Art8 AGF Te¢hnology AGF Heritage Shane Lalanl Sports Scholarship Shane Lalani Sports Endeavor Gift aid 5,552 765 10,093 13A28 23,621 55,886 (46731 51,093 867 458 171) 796 474,482 16,875 12,1431 (13,280) 12,2421 473,692 Total of funds 38,678,108 21,864,163 119.163,4781 110,OB4) 40,968,711 Page 47

THE CLAREMONT FAN COURT FOUNDATEON LIMITED IA Company LlmFted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 23. Statomont of funds (continuod) Statfjment of funds - prlor year B81anc8 al I September 2021 8918nc& at 31 Augusl 2022 Gains/ (Losses) Income Expendilure Unre8lrlctod fund Dgglgnatad fund8 Landsc8pe management Fabric maintenance of Heritage Assets 200.000 200,000 400,000 400.OOQ 600,000 600,000 G•n•ral lundi General funds Non-chartsble trading funds Revaluab'on reserve 11. 194,541 18,598,744 (15, 122,881) 7.334 151,775 (151,775) 22, 148,233 14,670,404 7,334 22, 148.233 33,350, 108 18,750.519 (75,274,656) 36,825,971 Total Unrestrlcted fund• 33,950, 108 18,750,519 (15,274,656) 37,425,971 Endowmentfunds Endowrnent funds 723. 109 14,133 (7,822) (51,765) 677,655 Restrlctod funds Scholar5hip5 and bursaries fund Prizes CS Burs SAFE Sports & Arts AGF Technology AGF HeTitage Shane Lalani Sports Scholarship Shane Lalani Sports Endeavor Gift aid 13. 195 39T.371 841 5,552 99 13,430 1.591 4,872 (1,372) (3,287) (1, 799) (13.000) 11.615 385,956 841 552 95 13,428 9,233 (9,235) 55,666 867 55,666 867 458 458 Page 48

THE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 31 AUGUST 2023 23, statement of funds {contlnuedl Statement of funds - prlor year (contlnued Balan￿ at I September 2021 Balan￿ at 31 August 2022 GainsF (Losses) Income Expenditure 48T,479 15,696 (13.894) (14, 799) 4T4.482 Total of fund8 35. 160,696 18. 180,348 (15,296.372) (66,564J 38,578, 108 24. Summary of fundB Summiry of funds- ¢urvent year Balanco at 1 September 202Z Balance at Gainsl 31 Au9USt (Losses 2023 Transfers inlout Income Expondituvg Designated funds General fvnd5 Endowment funds Restricted funds 600,000 36,825,971 21￿30,171 (19,153.8371 600.000 39,215,585 13,280 677,055 474,482 17,117 16,875 17A96} 12,143} (7.842 12,2421 679,434 473,692 (13,2801 38,878,108 21,S64,163 (19,163.4761 110,084} 40,968,711 Page 49

THE CLAREMONT FAN COURT FOUNDATION LIMITED (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Summary of funds (continu￿) Summary of funds- prlor y•ar B818nc8 at t September 2021 Balance &1 31 August 2022 Gains/ fLoss8s) Income Expenditurn Designate(I funds General fuThJs Endcwmenl funds Restrictwj funds 600.000 36,825,971 677,655 4T4,482 33.350. 108 18.750.519 (15,274.656) 723, 109 74, 133 (7,822) 487,479 15,696 (13,894) (51, 765) (14, 799? 35, 160,696 18, 780,348 (15,296,372) (66,564) 38,5T8. 108 R￿trIc10d FuThd• The Schdarships and bursaries fund 15 to PTo¥th financial as$i$tsnce to parents in paying school lees. The Prvzes fvnd are to reward students for their academic achievements and to facilitate exirarycurricuiar activities. The AGF Heritage lund thwe to preserve the histon"c importance of Ule land￿pe and building5 Within the School site. All the rgmaining restricted funds are general Annual Giving Fund$ (AGF) for the purposes to support various educational activities. Schcol consumabtes are money received from the PTA for specrfic Schcol projects in the year Including the PE departrmenl, Yotjng Enterprise. Garden Project and p*ground markn'ngs. Endowment Fund• To promde a source of income lor the gerter81 benefft of the Charity. D•slgn•tod Funds The Landscape management fund is for rerA)very and improvement of the Grade 1 listed landscape. The Fabric maintenance of Hentage Assets fund i8 for the extemal and inlemal fabric of th2 listed buiklings. Transfers fvnds are to reccsnisgd utillsab"c￿ of restrthd and deswJnated fvnds In fixed assets with no continuing restricted or designation over the assets. Page 50

THE CLAREMONT FAN COURT FOUNDATION UMITED IA C¢Jmpany Llmlted by Guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 25. Anaty¥kn of net JBsets bgtween funds Analym ol net a$uts beiw•en funds. curnnt year Endowment R•Atrlthd Unmtrlcted funds funds funds 2023 2023 2023 T¢)tsl funds 2023 Tangible fixed assets Flxed asset investrnents Current assets Creditor5 due wlhin one year Creditors due in mole than one year 44,366,171 44,366,171 1,1117,969 5.923.270 6,OS8,437 16,831.179) ($,831,1791 14,642.677) (4,642.677} 679.434 338.525 135.167 Total 679.434 473,692 39,815.585 40,968,711 An•￿ts of not •v•t• b•tween fund•- prlor y¢•r Endowment RestriGtfjd Um?strict8d funds fvnds funds 2022 2022 2022 Totsl funds 2022 Tangible fixed assets Fixed asset investments Current assets Credilofs due wthin one y￿¢ Creditors due in more than one yaar 43, 129, 170 43,129, 170 1,015,671 4, 897,786 5,034,252 f5. 704,663) (5.704,663) f4.896.322J f4.896.322) 677.655 338,016 136,466 Tot•1 6T7,655 474,482 37,425,971 38,578. 108 Page 51

THE CLAREMONT FAN COURT FOUNDATION LIMITED IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 21. Reconclllatlon of not mo¥•ment In fund8 to net cash flow from oporating actlvltle• Group 2023 Group 2022 Nel in¢ome for the year las per Statement of Financial Activities) 2,390.603 3,417.412 Adlu•tments for: Depreciation charge8 Adjustrnent lo depreciation (Gainslllosses on investmenis Dividends. intarests and rents Irom investments Loss on the disposal of fixed assets Increase In debloTS Increa8elldecrea881 In creditors Interest paid 913,084 (11,4391 12,2881 179,3201 701, 796 58,448 (20,574J 7,365 (390. 169J (1,358.095) 138.Q98 189,9991 1,423 317.940 Net ca•h provldod by ¢pèratlng actlvltle8 3,460,004 2,554,281 27. AnalyJl• of cash ond cash equlval•nt8 Group 2023 Group 2022 Cash in hand 5,256,994 4,302,808 Total cash and calh •quivalent• 5.256,994 4,302,808 Page 52

THE CLAREMONT FAN COURT FOUNDATION LIMrrED (A CofflpBny Limited by Guaranteel NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 31 AUGUST 2023 21. Analysls of changèi In n6t debt Other non- cash At31 ch•ng•* August 2023 September 2022 Cuh flows flnance 18•$ Cash al bank and in hand Oebt due wthin 1 year Debt due after 1 year Flnance leases 4,302,808 1388,961) 14,787.722) 954.186 296,884 5,256,994 (217,3141 1290,4111 217,314 14,570.4081 1168.4981 44,376 (211,6791 1855,060) 1,294.416 (211,6791 227,677 29. C•pitsl commltm•nts Grnip 2023 Group Company 2022 2023 Comp8ny 2022 Gontr•¢t•d for bul nol provlded In th••0 flnancl418tat•ment• Acguigtion of tangible fued assets 405.809 405, 809 P•nslon commltment• The Company operates a defined contributions pension scheme for its non-teaching staff. The assets ol the s¢heme are hdd separately those of the Company in an indepondently administered fund. The pension cost charge represents ¢ontrbub'ons payable by the Company to the fund and amounted to £321.487 12022. t279,5231. Al the year end £38,683 12022.. £32,300) was payable and included in creditors. The School participates in the Twhers. Pension Scheme I'￿￿e TPS") for it5 teaching staff. The pension charge for the year includes crMtributions payable to the TPS of £1.417,910 {21Y22.' £1,253,46813nd al the year end £165.359 {2022.' £148,147) was aecrued in resFect of conlributs'ons to this scheme. The TPS is an unfvnded mulli•nployer defined benefft pension scheme govemed by the TeacheTS' Pensions Regulations 2010 las amended) and The Teachers. Pension Scheme Regulabons 2014 las amended). Members contribute on a "pay as you go" basi5 with ￿ntn"buts.onS from members and the 8mployer being creditsd to the Exchequer. Retiremenl and other pension benefits are paid by public fiJnd5 provided by PartiamenL The employer contribution rate is set ty the Secfelary of State foliowng scheme V￿￿a￿onS undertaken by the Govemment Actuarvs Department The most recent actual￿ valuabon of the TPS was prepared as al 31 March 2020 and the Vatuation ReporL whith wa5 published in October 2023. Foll0v￿ng the Mccloud judgement, the rem&ty prDposed that when teneffts becoTne payable. ellgible members can select to receive them from either the refomed or ￿gaCY schemes for the period 1 April Page 53

THE CLAREMONT FAN COURT FOUNDATION LIPAITED IA Company Limited by Guarante9} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 311. Pension commitmgnt6 l¢ontinugdl 2015 to 31 March 2022. The actuaries have assumed that memters are likely to choose the option that provides them with the greater benefits, and in preparing the 2020 valuation have valued the 'grealer value, benefits for groups of relev8nl members. The valuatlon confirmed that the employer eonldbulion rale for the TPS would increase from 23.60h lo 28.6% from 1 Aprll 2024. Ernployers are also required lo pay a scheme adminlslrallon levy of 0.08°h gi￿ng a total employer contributson Tale of 28.68%. 31. Related party tran8actlon8 During the year, the S¢hool ents￿￿ into Iransacllons with its Subsidiary, Clarernonl Fan Court Enterprises Limlled. At the beglnnln9 of the year, the School was owed £177.557 by Clarernont Fan Court Enterprises Limited. During the year, donations of £2,68012022'. £13,958) were made lo the School, costs of £110,391 12022.. £112,572} were recharged by the Schwl and n81 funds of £24.39012022." £6S,0041 were transferred lo the School. At tha ènd of the year. the School was owed £288,238 by Claremont Fan Court Enterprises Limited. 32. Prlnelpal 8ubsldlarl The followlng was a subsidlary undertaking of the Company.. Name Company number ClasB of share¥ Holdlng Included In con•olldatSon Claremont Fan Court EntsTprlses Lirnitsd 01698864 lTrdinary 100% Yes The financial results of tha subsidiary for the year were.. Name Incom• Expendlturo Net assets Claremont Fan Court Enlerprfses Limlled 138,882 1138.8821 7,336 Page 54

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