The Royal Masonic School for Girls (A Cornpany Limlted by Guarantee) Incorporated in England and Wales No. 01339867 Registered Charity No. 276784 GOVERNORS, REPORT AND FINANCIAL STATEMENTS For the year ended 30 August 2024 111 *AE2jN7• 14105r2025 COMPANIES HOUSE A16
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The Royal Masonic School for Girls CONTENTS for the ear ended 30 Au ust 2024 P•ge Govemors. Repc A)itorS. Report 18 Statement ol Financial Adm$ 22 Balon¢e Sheei 23 Cash Flow statnent 24 Nole5 to the FInaral Statement5 25
THE ROYAL I480N•c SCHOOL FOR GIRLS
REPORT OF THE GOVERNORS
for the year ended 30 August 2024
Inlroducilon
The Govemors of tre Royal MalC Sclwl lof G1$ are pleased to present their financial stat&m•nts for
the year ended 30 August 2024.
Thè school is established in buldiros an¢J oWd by RMIG Endowment Trust I"RMIGEfi. a
charitae bc4Jy. vthich has sponslI11ty for the mapr wevenlative maintenance programnE and the
d8v8lopm•nt ofthg property for the b?fil of th? and its pupib. Thg scknl has signed a lowt&m)
199 yearl tenant repairin9 reveNonary lease and Ihese arrangements give Ihe SCI secirrity of long term
tenuro on Ihe site. These arrar#entS set out tern alvJnment of tho sthool vnth tht Masonie
Chaiitabl• Fournjation wtho are responsile for th8 RMIG Enthjwmenl Tntst IT
THE ROYAL MASONIC SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for th• year end•d 30 August 2024 Mf R Garvey Mrs C Hamson Mr C Head s L Laudham4Iwphy rs T Lemon r5 J Pardon r 8 Saini r5 S Shackell r S Staile (Chairl rs C Shorten Conrb s F Talbott-Haworth r A Wauchwje r I Williams J Williarns rs H Wlson 28 Jan 202 l Dec 202 3 Oc 202 8 Dec 202 20 Jung 202 3 (kt 202 27 Nov 202 Mr S Slaite t(Jk overfrom P DYk8( 7 Few 2023 Conwny Secfetary Mts O E D Robinson Bsc ACA {resied 1 SeFaerrthr 2023} E Ghosh lapwinte¢J 1 September 20231 Mrs P Pearson (Appwted 1 No¥ernber 2023, Rts9ned 31 Au9USt 20241 Auditors MO0 lfjngston Srnih LLP 9 Appold Slreet London EC2A 2AP REFERENCE AND ADkllMISTRATIVE DETAILS Bankers Lws Bank PIC Black Hcse Htyjse Wal1brc Court North Hinksey Lane Bouey Oxtord OX2 (QS Investm•nt Alana9grs Investéc Wealth & Inveslment Limit&Y {frryn 14 2025 this wll be narned as Raihbw Inv&strrnt Management Limited) 30 Gresham Street LorKlon EC2V 7QN Page 2
THE ROYAL MASONIC SCHOOL FOR GIRLS REPORT OF THE GOVEIiNORS far th• yew•nd•d 30 August 2024 AIMS The objects ol the School are Ihe edLKats"on aThJ cwe of gwts between the a9ps of 2 and 19 yoars and of b¢)ys beeen the ages of 2 arkd 3 year5. Ajlhough ihe SclKd is indeFendent. il is rBquwJ. and very pleaséd, to accept as puptls all gids presented by the Royal Masor¥c Trust for Girfs and Boys {RMTGBI. bwng daughters of English Freemasons considered to be in need. there, in Consullats" th• H•ad, RMS is considered an apprrymiats enronMent to 9iwI's wds. Thi$ is in aC1ce with Ihe objects of the School. The SGhgol seeks to prode a strudwed 8ducatn81 enMent that devek)ps its pupi15' capabihls. competencaes aThJ skills. The SChts promtes ts acajemic. moral and phy%ul development oflts wpils through its ac•Y•mie curriculum, pastoral care. sporb.ng and other acb"vtties. The Sthwl provid88 an educational enwmnment Wre eath student can deveknp arvj fijlfil his or her ptstenb"al, building 5&1f-confi¢Jence arKJ (xe3tin9 a (185irè to CLmln"bLrte to Ihe %•Tder oJmnNJThty. In so doing. the School prepafes its girts and Pffrschoc4 tws for the OpnitIeS. responsiknlths arwj ÈxpÈriÈncè of life. STRUCTURe. GOVERNANCE AND MANAGEMENT Governlng document The Roy81 Masonic Sdwj lry Girb 15 a ¢£thpany hnit•J by guarantee. as defined by the Companies Act 2006. and 9)verr by its AllS of Asjati. ft 1$ regsttrèd as a eharfity the Charity Comrni5wn. Go¥ernors The Royal Masonic School ts Girfs is ¢)ryanised in Ihe manrer ¢y)mrnm to th• IndeF•)dent Sthools ofthis country. having an etected Board of Govemus vtho ar¢ the only Oweciors of Ihe company. A pwiodic r•v1 is undertak•n of th• skAls, ey4)erience and backgrounds of fvern5 V&Tth a iew to assessing any skills gap. FollwiThJ this process, PQtents"al Goverrors ar8 id8nts.fied thrwgh ow re(¥uitrnent or arising fmm the persal knowledge of G)¥eM frThn extemal sc1jrS wch •s the Association of Goveming Bodies ol Indepnt sclM)ols IAGBISI. Potential govemors are sdected via a rigoroLts r¥cruitrnnt prrK955. On¢e their apwnbmont is woposed aNI approved, ekction cwurs at thè xt m¢eling of Ihe Govemors. ¢)) appointmert. GoveffKYs we a wert)al bri8fmg C ljw t1185 re¥bIl ty the Chaw of the Governing Body. The Clerk lo Ihe Govem¢y5 wovbJe5 wverrw an indtscbon pack ol infornation indudirKJ that fel"r4J tr ¢)n 9ocxI 9ovemance. the c(nstrlution of the schcrf)l and its govèming body, the regulatory framework wilhin the Scho Owdtes. the 5thool'$ wjliaes, p8St Board minutes etc. The Clerk to the GovwrJTr cryanises an WKJucbon day %ther•by GovemLYS spend time in sections of the s¢ and rneet key strff. Al Govemors recei extemal wofessional safeguarding tra1J. Theafter. detsils of courses and sefflinarn wovided by the ¢xgani5alK)ns SLth as tho Assooatitin ol Gov8ming Bodies of Indewdent Schc¥)Is IAGBISI. the Independent schrS. 8utsars AssocMb"on IIS8AI and Boarding &hools' IBSAI are pa55¢d to the Govemors to 1P them ga a better ufidefstant1iro of the natLe of thth"r roke and of iWndent gJucaIy. Thè Go¥emoTS meet a5 a Bowd at least fwr twnes a >ar to d&tèmiiM the genernl F¥kn of the Company and ihe a)arity and to review its overall managem1 and contrd, ihey are Wlly responsible. The Board of Govemors. Finance arKI Genera Purp)ses IF&GPI Commrfee has the reSpOlbIlIty lor the deiailea consider*ion of all matter5 laling to the financial and oper8ticrf)81 mana9emenl ol School Page 3
THE ROYAL MASONIC SCHOOL FOR GIRLS REPORT OF THE GOVERNORS far th¢ year ended 30 August 2024 Company. Further c4Jmmittees cowiNJ ACa¢jem, Pasloral. GovtmAn¢x. Human Resources IHRI. Estate, Remuneration Cc¥nmrtiè Irapybng to F&GP) and MartgtirJ. Mmissons and C)evdcpm8nt have been set up. Subject to ¢he ccrf&deralths ol th8se Commrtteas the day.Io-day rwring ofts oflhe Sthod is delegated to th• Head. Mr K car$ and Ihe SenKJr Leallefship Team ISLn. The employed staff cw5i5ts of the Head and 152 Full Time Equivalent IFfE} m8mbers of teaching and toachin9 SUPFth staff. and 91 FTE members of tr bursarial supFth staff. The sth¢Jol is established in bjrfthngs and grthjrth owmed by thp RMIG ErKl¢ywment Trust (IIMIGET'I. a ¢haritable body, wleh h•$ rspotsty for ts major Fywtstive rnatenance programrne and Ihe development of Ihe proFerty fcrf the benefft of the SC1 and its wpiLs. Tho School Company is the tèna)t of the RMIG Endowrna Trust wth the slaff reqwred to operate an educathcwl estsblishrnent within that property. On 16 June 2023, the IdKl signed a gix.year interirn Ie has been retrospectively lo commence with effect from 1st September 2020. This kase will tsndtm wrth thè ptogramme to addre55 Ihe ba0g repai. A Icry-tgm 199 year} Ignant repairing rever5ionary aSe was gxecuted MultaneouY and is anned lo commence U[ the expiry of Ihe interim kase oft 1st September 2026. The signature ol these arrangements gives RMS secutity of Icew tem t•nur¢ w the $rtg. It alw fditates Ihe school's ownèrship ol the repairs and maInanCe of Ihe assets once the backlcrfj of ¥wrks which were agreed as part of the negotialKms are c(•nplet•d. Relat•d yrtieg The RMIG EndoYKn8nt Tnjst is lanthtyd to Royal M8%)nK SdKK4 Girfs. RMS Managtrnèrrt Limited 15 the SCtr dorrnwt $sIdIary. l inveslrrthts by t Scf•>)l irththng thxè apablè to thè 8enjamin Igguklen Sd¥sh IWKI we hdd in of RMIG Nominees tirThied. The Royal klawic Sdwl ts Gits FLmd to provide asgstance to pupils RISK MANAGEMENT The GoVernS have a duty to identsfy and reeW the risks to the charity 15 exposed and lo ensure apprcpnate controls afe in pbce to prov#Je reaswatle assurarKe against fraud and error. Their duty also overs the 8ursary that r6 ¢Slated in thase cnIs. The Governo of ts &ool have implemènted risk management as a matter ol polw aThJ conlinue to keep the Srthool's actsvths under review. In pth¢ular. system5 prj$ have beet) e5tsWisld lo rnanage yoblems followKig a major risk. Rlsk Maagtmen¢ Commlltr Ilsk Management CoTrmTttee reviews a risk wistef Twhth Ihen aliynslallocaies th risks to the most appropriate govemor sut)comrnittee. These subcommittees wll then revie* the details ofeach risk. working ith SLT and ts relevant departrrwts, to ensure the nsks are explored. woritised and rnitigated against as faras is wsonabty posth. Areas of rbsk Pago 4
THE ROYAL MASOIIIC SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for th• year ended 30 August 2024 9o¥emors have ¢atW5ed ts rnain risks the folow"ThJ categories and risks in Ih•s• categoii•s a kept under r8¥ith¥ for t)oth Ihe Sch>)1 and the RMS &ary Fw¥l: l. Re¢ruitrnent and retenlim of stsff 2. Business conl¢nu4ty IT I systerns risk. cyber5eoJnty arKI dats wote¢on 4. Pr¥mis6s and acLxJmmLyJation 5. Heath and safety 6. Legal or rewlalory breach 7. Provision of &ducab"on 8. Revewe l incoff risk 9. Governar 10. Polibcal or macroecorrric risk I i. Finan¢ial managwnent l2. Safeguardin9 and wdfar• l. Re¢ruitsnent andreten(M of staff The HR t8am at RMS hav8 wular CPD to 8nsure kn are frjlty awafe ol all legal. regulatory and be51 practice requirements relating lo Ihe rectml èmployment of staff itKluding prcqjer obseryaison of equality. The S01 imeMents blnml Sho19.9 of a01cat$ lor intemew to ensure that the prcce55 is Staffing stfu¢tures are rwAarty mie1 lo ensu best ¢xrtC4rn for pupils alon& opb.mum o)st èffecbven¢ss. Thè reL¥uitment arKI relents of hKJh-qualtty staff. parfioJlarty leathers. is w ongrirhg challenge for 5dKJoI. Salary Scales aruj other benefits are kèpt Lmder fevièw. Recent years he placed IrI#$iNg prssure$ on RMS to kn¢p up with salariès offered by other SChIS and ex1emal organisaticffls., it rematn$ difficuli lo SQUf¢g Skilled staff in all areas iffjuid. An Op dialogue 15 erKouraged vrith staff a¢xoss thè school in tyder Ihat pOltial rètèntxjn iS$Ls can bè Kl8ntrfi8d and addressed at an early slage. RMS a wdlbwng tharter and a wellbeing oynrnbtt¢a Ihat plan evenls lo supkN)rt al s. EDI has been embedded 7Mihin the RMS cumure through stsff and P11 odLKalion, 18rKJua9e updat8s. parent inforniab"( sharing and suryeys. N nal5 an Ip"n9 ar#J a strategic pIrty which is imF¥Jrtant for pupiLs and slaff. RMS is cJJenty in Ihe kyresS ol C4etry tr SilvÈT Equalitigs Award whh invol$ considering the a5 of Behaviour a1 Weffarè, Lèaderth"p aThJ Managemenl, Teathing and Learning ant1 P•(sonal Developmeftt of PLV'LS. in ¢yder to alit our current po5ttts and develop poIKaes and strategies w'ng fornard. RMS Iraises wlh a nelwryk of s¢twxAs in order to infomi bast practKe artd ao Contted to cmtinual and PFDyeSS. 2. Busln•ss conllnulty Inc4dents whith have potential lo adversely afted Sdb>Jl's ability to ttinue snesS at nornal Iwels incl(K18 acts oulsid of th8 schoj's c£ffitrol. sh as pandernics. fire or wealher-related catastrophes. The Sch1 has a cornverS8 Cithcal Inodent Plan to lry lo minimise the ¢Jwng impart of sh events. as well as adequate business inte¥Tuption insurance. Minimb5alion ol Ihe of those issu•$ that the Sch1 15 atAe to crKstrol lo some exlenl - 5txh as fio or bLll"k.n9vb1ltsÈs failufe - is achiev8d by lh8 identifi¢atn of contrds and irve¢1$. thèse indude lar fire ar other health and &ifety assessments, the Ilar revw ofth8 Or¥JLMj fflaintenance prr4rwnn*. lo tdentify pventatiVe measwe5 as a matter of priofity. Page 5
The ROYAL MAS0141C SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for th• y• •nd•d 30 August 2024 In Oecembw 2023 the School had a h3htniThJ stn"ko. it wose after t and ol tem so il caused ffunimal disnjpticffi to nonnal ¢¥Jerab"%$ the safety systems were in rAace for Ihe retum of pu15 in January An insurance claim covered the cItrlI0n costs of the damage TIMth primarily affected the schts)I nelwoth. firt syslerns and systems. 3. Ifsyst•ms risk. eyb•rMewity and dala wvtection Data t¥eaths remain a lor)Js of oroTh"r¥J ThitOring fw SLcJ as it retsv)s a lot of sensitive pupil, parent and stsff iAfomath"on. Staff trainry on qber5ecurity and dats Mage[rent is pt ol w)duclions teaching and Offi bwd strff and regular trawling is un(lertaken. The sccol uses doud-based sttsra9e of infcmiation and dats with appropn.ate backups in place. Two factor authenticabon is a re part of systems rylemenla1i. Inve5kngnl in nefy¥oTk and security systems wolects dats and monitors risk. 4. Health and Safèty The sctto is CL¥nmitted to keepry its WFds. staff ¥isitrys tr) the sile safe. It h•$ a FW3rgmrne of statutory cornwiance dcks that a monJtc¥ed by GO¥ery). The heallh and safety committee has reprèsentstion auoss the areas of sChtr tsy woth to i1rfY wnpro¥w appropnale orn18re. Tha $chcd anangès ext8mal authts of cornOiance. RMS has sustafftabTrlity as a lyl ¥1 rfs 3trat8gic dèv8lofftnl plan. Tr sile ig managed wlth ¢are for the ecological diversity vnttHn its large aa. We have a wide rar¥Je ol wihllife and creatures that have their ho at RMS. Our trees. three lor&st SChS and various adventur8 IraiLs aim to bring a love of naturè IQ Ouf puwls. an uNlefslandin9 of ts ¥8 enhm Ihe wellbein9 of al. Our Eco 15 aclsve considering new projects afbj programmes for pwls to UThJerS&j the ennmental (arges. heating systems, whwrn•nts to iyJr lfidg manage01 SySterns and ffjlknjt of LED lighting progfammes are all cuffent prcyects that will SUPkMYt a fflore oneryy efficaent environment. Fwj wastsge monrtoring is in FAace and recyding is a r(us f(w Ihe SC>)1. We work lo pyeserve Ihe heritsge ofot st¢d ste by maintain¥ its features ilhln a stsKl&nt centred enmrorffient. Thè sthool is CLNnrnTtted to having leanlng 5pa¢es Ihat allthv their puwls to thnve. This yew saw investment in a fanp of Spa f¢x pulS ffirknlirvJ dassr(l redesgn. a new sc¥ence lab. an wnprovtd Cornrr rLX)m space fty Year 7 wirwj expansK)n to our sth lorrn c8ntr•. We dèv•toped a new food and nutrIty space that ¥•ill be able to 5UFMYt ts proviSic ol a Leiths Cookery School qualification for (r sixth fc¥m pupds. We also a new stsff de¥dop7)enl Spa for leaming and CPD to lake place. L•qal orR•gulaw8rnaeh The Head. Director of FInar and Operab"LMS IOFOI and thetr Sen leJ8rship tearns constanUy monitor Ihtr ¢ompliance of the sthc4)l with yequwe1ts of all extem slalutory aulhorityes, ensunn9 that all stsff receive relevant training and uFxlabng Ir(Mn Ihe ¥aiiou5 external organisaticffls suth as Ihe ISC. HMC, ISBA and AGBIS. The Independent scls Inspectht¢ IISII operates a regular inSl0ft fegiff to ¢heth thi5 cornplianc6.' Ihe last RegLtstory corn18r Inspeclicffl was held in May 2022 where all regulalions were found to bo met. Compliance stsr#lards lor exam athm4nistratsci, UKVI for visas of intemab.onal PLyI$ d CCp11ar• with boardww stsrKkrds we nKni1w. The S1$.S d¢vek>k%nent ¢ce organbses events aTrJ wwects to raise hd$ for schD)I de¥dopment and P898 6
The ROYAL MASONIC SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for th? ye•r •nd•d 30 August 2024 bursary support for pUls. Wlffist IS not errfjaged in a twgelejj campaign this academic Yr. the sbjdent t)ody fvndTwsed ts their Ctrn tharFty. The s¢hoc4 ¢Joes re1Ve regular dLatiOnS from I(rner pupils and Trent P3rents arn) is ThAlful of voluntsry cod& of condLKt for fundraising. 7. Provision 018du¢ation RMS is MMitted to kYow¢thrg edwAtim fty all wils that ènatrth wpil to Iluive. Ensuring th15 happens is h1&yd throLW3h dèsgn of the curriculum FYovisM>n and monitoring the engagornent with and outcomes for pupils. For RMS, the co ojnicutar pro1 is an impylant pwt of thè educatK)n pro¥i$ion and en9a9èment ilh ar¢d learning frorn Ihis is important 8. Re¥enue/lncome Rlsk The school exercises careful conlrol of intsmal xcountiry rettrfds to ensu ts b.mgty lleCt of fe8 in¢ome management of debtots trj nNnimisè Iht knsses from bad debts. Cost pressvres arising from both 8xtemal changes - such as changes in ernoYMent. regulatory aThl curritylum costs - and int•mal rgquiremants are identified at * earfy sla9e rnanw as f as [¥)"bre by Ihe preparation and conlrol of school tJdgets involvry bu¢W holders acwss Ihe sc1w>. The ecor•Jmic aid political climate thaThJes affectiry the iryJepeThknt schwl sgctor in goneral aThJ Ihe markèt positioning of the Sthool in partthlar ¥• m0nrtod (ffj an ¢yy>)ing basis by the Sthcd's senior leadership and govemors. This indudes ts aff(Ydability aryl Maet comp8btiveness of thè leès, itte attracb'veness of the rrirn facilibes to prospethe wpiLs and salary other employmerrt benefits offered to the stsff. The cuffent dirnate wtlh rising Inftati has pyt prèssure on cost management for ts s¢h¢<4 and 11 ¢onts"nue lo affact salanes fee structures. 9. ChlldrnJ wèmarn." saf•gu•n3Ting The school operates Ihe go¥errwt's a1 Independent SCI5 InsFethtè IISII'$ Sal•r Recnitrnenl qu1Ternents and guideline5. caww'ng out all pr¢-rwuibNnt checks induding the enhanced levèl of Disdosure and 8arr•ig servi IOBSI checks wior to ts apFxntrnent ol all stsff and Govemors. The School has a rol1 and thorou set of 5afeguardiThJ and rBlated Fles, and a gUlar trainirvJ regime fcy all staff. rhè School prepares an annual Report to the Governing Bcxyy on Saleguarding Children in order that they may monitor Compla with the rèlè¥8rrt $labJtory guidan. The school employs nurses and regular viwts are arraryj to kxol doctors and dantists for the boanIe. and ¢ounséXors are aVailae for all stLJent& 08JEcnves Publ1¢ B•n0fft The Chanvs d4.ect 15 the e(hxation aThJ of girts ages of 2 arJ 19 yeaTr and of boys aged befvleen 2 and 3 yoars. The Govemtys. current aims are to maintain an independent sthool providing a high q¢Jalty education thildren for the JbI benefiL In accordance vith thetr obiths this year, and h8rg given due con9dera1> lo Ihe puWishet1 Charity Commission guidance on the operabon of the Public 8enefft r8quirenwt ofthB Charit Act 2011. induding the guidance 'PublK benofit.. running 8 charity fP82J, the Govem<Ks have und8rtaken apprcw'ate activiibes in filtheraw ofthts$e •m$ for the Put4ic Benefit. The S1 is committed to the ¢1 A¢$5 and cThty for Publtc 8enefft and a5 a larger Page 7
THE ROYAL AIASONIC SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for th• year ended 30 August 2024 thity an ew0nal• of th• 5¥Jrmf1 &tlieS urKlertakn in ordw to (Y txrt Ihe thty'S aims the publi¢ btrnefft is WLllred in the annual aCcnts dcuffnt as Ttl 85 ts aim3 and strategies. In 2022123. Ihe school I¥¢hed a prograrnme lo support nve pupls on Ixw Fdacos. Plga¥• also se• Secti"cOMMunity Use of F&ililw- bdow for rnore informall. RMS the Flve Year Plan After a long pericK1 of consuhabon vthh a range of intèmal and èxtemal stake1JkIers. RMS launched its FN8 Year Plan In January 2023. Its ambib.on Cove fNe key a$ as IdkYs". Puplls . We de0p fident adaptsb and wnti1lKS who a motivaled to achieve their personal goals arml to Sha the future. Pla¢e . W• have an $xeepI1 leamirvJ envirM With a sewe awxj up.ttIng setting Ihat People . We are a dNerse. wKIL[vC. ttynarn o)mmunity there are ryJmrThtte(I to the suc£e3s and happKs$ of our wwls slaff. Partnerships - We bulk1 strorg and actNe latl)shIpS with arKI 3 broad rtnge of partr to make a posib've drfY•rence to Icol communth'es and our School. Plan•t - We educate aThJ emp)wer wr4L8 to te global ob"zens. kThyffl"ng Ihat al every level can make a diren to create a [[e itusi¥e aThJ gJsl•.nab Ik1. Each area has set aims and a strategy tr> support athièvirg aims over thtr rxi five yeats artl progress in Ih•se ar•as are monrtrfftl by the govemry tlY at eath meeting. AcnvmES AND PERFORMANCE Sènlor Sch¢)ol and Sixth Fonn The schoc4 Contin its tr•11 of exc8lrKe. e¥Klenc&J ty our resulls in put4ic oxaminab'ons. Resuts at GCSE in 2024 wwe exknmely Fleagn9. Wth $Ients attaining an avarag8 of 0.58 01 a grade higher Ihan Ihwr eXpted outcrn auoss am of tsir subj'ects. The achieves parltcularty slrong suS arrrfjng EAL aTrJ SEND students. achieve an average of a grnde or mNe atrfwe lh1 targ¢ts. The sdwl a¢lMeved 54% 7 wades. The Year 13's A.Ve1 results Iht bèst r•su115 in lerrns of Valug Add•d that the sthool has achid, outperforrnirrfj hvJh achieviNJ l¢xal state, 9Tammar and indetwK1ent sch5. Thg average Year 13 chie¥ed 1.1 of a grnde higher Ihan Iheir largets c&YTrpwed to other stste independenl schcols. With 20% of $ludonts athieving A. Wes compargj kn wst 9.3% nationalty. TeKhing •ndh•ming réview The rwge of Cr01ar orw1un.ts sbjdènts have to in¢xease alongsde opportunth'es for mwe lewThThJ outside the dassroom auoss the currioJlLwn. Siudènts hava conts.nued to ujmpètè in raThJe of nab.onal and bcal r)JmpÈlrlK)ns. notsbty Jwevirs 5LKxesses in debab'ry. Ihe K4alhs Olymwad. Young Enterprise. CANSat and the F1 in S¢th's ccxnpelib. Page 8
ThE ROYAL IAASONIC SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for th? year end•d 30 August 21124 This year we have seen 3 Stlents accepted lo Oxbi¥Jge Lmiver5ilies ¥lwside studont's gainirg pl8ces on ompetitive degree apprenti¢e pwgrams SLth as Amazon. S14J•nts havè also 9ained pL%•s at US universib"e$. including one on a TennTrs SchoLarship. A number of slLwJents have also gone on to cornpetilive art and textiles wlleges. 5how¢25ir3 ihe Sheer variaty of pathway% RMS Sttwjènts take bèyond sthool. The school has been fTr?Jsw on arba reIe9 the way it offer5 feedback to Stuilents. erUrag1 Stud&)ts to lakfj a gwter res[lty to ad on Iheir feedback and take ownership of their leaming. There has been p0SVe feedback Ihrough pu1 Vthce wilhin departments and an incre85od engag•rnent wilh feedbad( Gr¥ed in rna"ng rgvivws and 18arrring walks. Hèads of Department have also been reviewing ways in whK Iheir teams can rSonal$e ts leaMW of put4ls rnore effecovely. An increased fc¢us on closer tracknn9 and m)nItOring of wpil pr(>3ress aertsss key groups wlthin deparbments has enaed more targeted intoryention. support and timely aclion where C(yemS arise. Curriculum adaptations.. Greater avenues of SUFPCrtt aThJ fiexitsmy tn rr*>JhJrn have been inlrc#Ju¢¢d lor SEND and EAL slu¢ents. wth the inlUCtion of an Academ and EAL opthL choice planned within thg GCSE ¢urri¢ulLMn fry 2024-26. For Cadcgan Htyjse a key chanp communicated to parents that the schc(J day for Years 44 was expanded from September 2023 to enaile inryeased (x)re muM oyerdge and irtr•ased pastoral lime. Page 9
THE ROYAL MASONIC SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for the y•ar ended 30 August 2024 Pastorwl The Girls on Board prcgramme ctinUeS tr be eml)edded in RMS and Heads of Year 7.9 continue to have lead on ts iryjlementation. This wcgrammè tskès a proadive apyoath to helimng Year5 7.8 anLI 9 partitsjlar to 5df manage Ihw'r lrienttshws and to deal in a pOS"Ve way potential problems as Ihey arise. In October, the knndw of Girfs on Boattl. Ham(th1 gave a lalk to parents was Very F¥)sitivdy recwved. We ¢CtInUe u&ng the Wellteiry a fanlasbc online reSIce for teachers. paTts. and pupils which pwdes artsde5. wthnars. rx)dca5ts arxl links tQ 5peoa&st SUPkXKt servirxs for a range of ne¢ds. Throjgh "ng this we a ab to give Rickmanswth s11 access to Ihe sources. The Heads ofyear 7-11 are embedih"n9 Twe8kty wel1t)9 Hub their tukn lim95 W¢ are 0 stwting lo $tr8am parenlal wekn"nars. Parenlal talks wiher frc¥n a pastoral ty SEND of are to be for Lwr (ommunty as well a5 Irx the WKler o)mmunity. Fc¢JJ5 Fc¥thight Continues vrilh ts aim of a$5es5ing RMS through tr eyes of our PUkx15. Pupil shadowirg, pupil interviews, SLvveys to t)th pupils and paMts are used to help us gain further iwght into their èxperiences in a skofic year 9r¢xp in all aspects ol th• SL arKI will htlp us to shaptr and d•vtlop the pu1$, experwce al RMS. RMS comffotted to becoming an Attathrnent aThJ Trauma informed schLJ wrfh training CGffjrnencing in the acatlemic year 2023124. Ba'ng more informed regding attactment and traLma has pnved befial lor all ps. Cadogan House (Prnp •nd we•T•pl cadc continues to devekjp and r•vi8W rts broadèr cuniculum offering. Pupils ben?fit from accèss to Sen1 scht>S faL?lrttes and slaff in DT, Com[rtry aThl MFL al(Ygside ts already well established sp)rt offerings. Pup4s in Cadcgan have a bro•J balarttd UJrricjM wular opportunibes for outdoor Igaming. The Outs1oor EdLtstion arnl EnrKhrnèrtl {OEEI prrsramThE r indudes Sign Language. First Aid and Yoga al¢xfj&de alrea(ty eslablished Drama. FO$1 SdKd. Team Building and Mindhjlness. An entes• proi&t is in pl¢ for #A Year S PLyls in cjC) wlh Ms Picford in SenKxsC. We have eontinued to devehjp li with Olher - saen Technolc#3y EngineerirvJ and Maths (STEM) fo¢u5 rnornirvJ5 With The Beacon SclMx4 in Amorsham enle 1 cadogan pupils to expernte working collab)rydtivety 9rtyJp projects. We have futy trained ELSAS IErnoti¢Thl LewrMrwJ Sw)rt AStts) in Cadogan who wuk wl¥kIUalIY wrth pupds an¢J with small idenbfied gmups to prO¥e wlierKe and •mots"(xHI $F>Ort toolkit5. Ttrws t5 key part ol Ihe Pasknral 5upp¢yI team in Cwjryan. We have worfted on our div81ty ewty and induson kjr Wkxls %•ith an in¢xea5ed f¢xus p3thularfy texts and bc¥Jk5 that all pupils ha¥e gwd access to texts they see themsefves repr8sented. Page 10
THE ROYAL MASONIC SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for th• y•arend•d 30 August 2024 Rusplftl Hous• {NurJ•ry) Rus"nI and CadcJan Hse maintsin a strty19 partr(ship, C4)ntsnUo81Y rewewirrfJ and refinin9 our progressive curnioJlum from FffesctKl to the end of Recepts.. To strengthen tralbor6. we have d8velop9d trangbon wJticy to be Carc.fU5¢d * introJu¢ed LY selb'NJ visit$ for now joiners. We haw adjustad thjr ambiticffi$ •a¢h ar•a of l•arrMng to bèst meet Ihe needs of chOrt. Staff develcgment has been prioritssed Ih"s year. with fr1 members of the team achVIng a vocational qualification. Ind119 Iwo at Wuate levd. This has a pogtsve irnpact on kwactice across th¢ S¢lting. The forJJs going loprtard is deepening piactitw)ners' urrtlerstandFng of attaclmnenl and trauma. enhancing our as co-regulators, developirvJ thldren's emoliwal literacy aThJ llenCe. wKILwJg5 an ongoin9 r8Soarch proiecl ort the impact of lar¥wagè and CtsnLd woleor training. IMDER SCHOOL ACTIVMES REVIESY Co4urrl¢ular aeti¥ttios RMS is pmud to off8r a Mde rdngè of ctsCumcar xtivlties eatèr al int•rests and ages; thk8 prowam has continued to gr(Mt. th apprwrnalely 55 dubs ruMiThJ acxoss the week in Cajogan House including thg addrtton of a coJin9 and compèts"b"ve chess club, and 140 at Seniorlsixth fom. RMS added Cased OpPInitieS for emep•rvJ ¥M)rts induth.ng cricket and fcK)tball. Orama and rnuK have ¢xnbnue(I to flourish in the excellent frdcilib¢s offered by Alswdra H¢wse. stud1$ are 8fttra9. through an onlint bti¢ing systam. to mak• thr04vn Wdent deo"si(ms 8rttl keep the co<urricular aclrvilies in balarte with Iheir acadern Thry)rk. Form lulor5 and Heads of Year advise arxl support girls on acbvibes by (ecfvrtg Ihe ordine dats and in d1s¢ussity Ibilh the gKls. trlouse events are considered essen"al fty vertical mixing wlhin the St. Cadogan Hous8 offers resid01 tn.ps in Years M and a fange of day trips ac¥oss all year groups. For S•nior and &xth, thèrè 51)+ day and evening trips 7 UK fesidential In"ps taking plac8. Intemabcfflal trips induded: A thysics trip lo CERN. a language trip to Canlabria. a healu) and sK4al ¢are In'p to Paris. $ttsry trip to 8lM). pjitics, Skil in thè USA ar wattrrsptlts in Flar. Year glOUPS. Cost Mnts and desired outcomes are nM)nitcwed and yeeil on a t4K• ar wogram tr4ether wth a plan offset our internalional travel rArt) fwtprint. SpNts Fixbjres.. This year 238 fithres tcd( ace kn intor SFrfxis and 91 tor the summer wrt5. Musie and Drama.. Our perf0mnCe prthjrammt indL•Jtts int•r spn"rKJ Concerts, termty chambar o)nc8rts, termty rush hour CLWK6rts, music cornb. drama pd10 of Emlia, kntlle Mennaid and Maknlda. Pastoral Car• Saleguarding remains at Ihe Icthl of pastryal Ca with regular training lor all stsff in addition to the trainift9 given to meet ststsjtory reqU1Ments. stsff hav8 inth"vK1ual or grnup me8b.ngs ith Ihe Designated SafeguardiThJ Lèad IOSLI. 2023r24 the of an 18 rTh)nlh Frfoiect to become an ¥ttathment and trauffla inf0md sth¢x4. Al staff have recei¥ed traniTrJ on this. Page 11
ThE ROYAL MASONIC SCHO( FOR GIRLS REPORT OF THE GOVERNORS for th• al ¢nded 30 August 2024 Pupil Volce RMS is committed tts beirvJ resp[l¥e to parents aTrJ pupiLs. tpartments a encouraged lo di¢il gUlar feedback fr(Nn puixls in rdation to subiect dèlivery. In t¥Jaftling th¢re ar• témily ¢p¢nibe$ for confidential feedb. wl¢h is rebjmed directy to Ihe 'rector of Boarding. An online Wory Fomi has also been ¢yeated lor pupils to complètè rf 1hey %bish to feedback Iheir (x>ncèms dFscretdy which then can be followed up rf enO3h detads e.g. nam85 are SLwpIth Regutsr surw5 are undertaken with a ranytr of focus (KlIng academt department surveys. wellbeing Surv a regular survey fdlowing the ISI pwmls survey fraffle. Resth we rewted ba( to WFA15 ith aclions that fv scts)ol has taken. Our Focus Fortnights enaile a workirwJ party of staff and go¥errKy5 to do a deep dNe inlo ts day to day experiencss of pupils in a certain year wp. This indudes ttss observab"ms. drscusgons with pu1$. PLpiI 51Jrveys and panI gjryeys. The results are Ihèn rop)rted back to SLT and the year 9roup 11 action$ tsken being 1ygh1hIed. The Schc4)I cj11, wlh a reFKesentali¥E eath fonn gnxjp. deals th i$5ues relatirJ trj student ltramin9. environment. f()J, boarding. Welfa and charity. The cou7 as a whole meets regularfy to collate ideas. It is parts"cularty wccessftd and Nefits31 to the RMS ojmmunty as rt Ènabks pupils fromall years to have tsir say on schcojl lrfe frrD the amount of h(¥ne they receive. recydry and helwng lo redw waste alorwJshle ImF¥ovements to catering and rn8ètings al ehosèn outcom•s arè raised by Ihe Deputy Head Girf COU91 vAth Departmentsl Heads and the Serwor Lgaders1¥'p Team ISLTI ,' progress 15 fed back lo the SChc# thr(xp3h fomi bmes and as5emNiÈs. At tr same kn"me. it important ljr pwjils to understand the reasons why scne thirJs be dwged arwj are in Fdace for a 9ood rea5. staff Development and W•llar• TeaLer fecnitrnent c•ntirwes lo be chaNenwg due to a Sh of lead5 across ihe c¥unlry . We have knffilted all roles but we had to adverbse mulbple tirnes to get ltte best posSie candidates. In order to ontinue to attract the b¥s( w• need rnonittjr rernunèraticm thsely. We had 16 r0dUndcles during the year and that had an impact on everyryp arxoss Ihe s(knJl. The stsned a rw PwtomwKe 08¥downt Re¥Ews sy3tem that 18 being used across Ihe sdLooI. This wll allrrw easy reporting of the oWtNes XfOSS the schod as w81 as moniloiing perfomance fft a m effe(the way. Slaff wellbeing u)ntinue(I to be • PFiMty and we a us¥)g staff pulse for quK weekly wellbtring ¢he¢k-in with all staff. It lows us to connect with cola are having a twgh time but it also allows Staff to provide anonynws féedback arKJ to seThl gratibjdè mw85 to oleagUeS. The Wellbeing Ctynmitteo ¢thtin lo ot ir¥batives cOrnMty events Ihai 5UPPOrt the wider RMS 5tsff. COMMUNITY USE OF FACLMES £tivilies ldertaken rJJrirrfJ Ihe year 7•knch sU(t coMmlty and consts.tute public benefit indJe the lolloMng'. Free use of the Swi1ng pc4)S is offered lo Iwo n8ghtrirj schools on a %eekly basis. Free stalls m availa to thantte5 * the SthJol's Summer aThJ Chiistrna5 latrs. Fe visits for local youth 9p$ to the scfKol's ObsoThatw and Plan8t*ium Page 12
THE ROYAL ISoNIc SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for the year ended 30 August 2024 Fr0 use of school facilib¢s by th• Rickm• detathment of the B¢dfordshire & Hertfordshire Amiy Cadet Forc WeeY use ol school facilities by local Rickrnanswryth erownie5 Guidos Fffje use oftsditses fty S¢utr West Herts Astmnomr meetrys. Preferential hire rates fw kxal (knrities using sctrwj rneeting fao'lrbe& Sports and fftn¢s5 fKilill¢s Ouf Sports aTrJ Frfness Centro is hired to ar1 40 1(•1 •)d organisations. some at discounted ratès. These cov•r a w4id• rnThJe of srM)rts induding swmming. ffy)tball. netball, hockey, cr¢)$5 t>)unty, marbal arts, fenong, larxosse. gymnasbcs and sollball. The Ssths Centre out of hours management was managed by NLrffield HeaNh but as of 1 Oecember 2024. it is rnan•Jed by RMS directy. Th8 scP#)d hosts a nlber of dislnct a1 nati)nal Cebtsls. aThJ in IKdiday perts. SLwamps run activty weeks tr local chiklren 1r Ihe sthool fadibes. FINAN¢IAL REVIEW Pupll numbers The prinrypal fvnding sojrce ofthe Charity is that derived frorn its fee incryne. fv charitat4e acts"ty of thè company is 811 ol pupls and dLth9 Ihe P"Od to 30 Affjust 2024 the loHovig numbers ol pupils attended.. Total Senior Schr 729 pupls T<)lal Pr¢-Pr8paratory arnl Pr¢parory 189 pup Total Pr&schocA 55 pupls Bursary Fund- Consolldatlon RMS Bursary Fund is a separatety cortsliiuted ¢knty. with the obiecltve to prod• fées assislaneè to pupils W)se paienlslcarers are in ternF¥)rary finanoal diffufty {Hardship 8ur5ari¢sl. or lo itK)se forwhom attendance at RMS would be of mutual benefft tmrt Those [anal srtuabcffl othep•A8e prethd8 Ihem from ihss opportunity (Entrance 8ursariesl . The fnJstees of Ihe Bursary Fund are all Govemors of RMS and as the IYKJ tharibes awe under common management. For this rea50n. the resum5 of the Bursary Furbd have been ¢on$olidat¥d wrlhin these firncIal statements. Financial p•rfomianc• The C¢)nsolidated Ststement of Financial A¢bwls ISOFAI a sixplus Ic¢ the yeaf of £997.406.12023 showed a surplus of £1,805,987). The wnopal C(trt flS a as fdlows.. Higher interest rates in 2023r24 COntrt lo investrnent welum •FwJ it rose to £419k g)mpared 10 £147k in previous years. Sundry inC4n¢ ts thè ar indudd rocéipt of £234k to o)¥er the damage costs assocAated with Iwhtning sthke to the 5thGol. Pago 13
THE ROYAL MASONIC SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for the yew ended 30 August 2024 Tlwe We sWlficant additirmal costs as a resLIt olthe lffjhtring strike vthich are reflecled in Ihe IT ¢0sts. Utilities costs increasèd 10 £979k £716k as lh• sclh)ol's fixod twm c£rtxts ended ¢Junng Ihe year and hher rates wwe athed. BeeaLBe of delajs to the works on the Great Hall, Ihe sctth had to ext& its rentsl of temporary hall at the 5pryts ¢entre ¢ostirvJ £66,636. Rèdundanc$ took plac• of 16 staff during Ihe yew wthith resuked in payThEnts 01 £186k. Enterpris• income d8cr8ased to £460k from £627k in the pwevw)us y8af as fes•Jential letbngs durin9 Ihe summer hothdays fdl due lo the late wcelfati(n ol a rernr dient. Grant4laking Acti¥Ri¢s Th• ft0 Masornc Schxjl for Girfs is (£thmitted to demonstrnfing that provide public benefrt and egards it as educationally teneficial to ar£ess to ts educatw it off¢rn: Ihis has always been thsbncb've featu ol RMS whose lowdation was essentially chantable. Scholarships and exhibitK)r are offgr¢d to ¢FK4yJrage r8war(l Ihey arg awarded in recognrtlon of outstan(liro athevement pYomi8e in a parbojlar sphere and invrAve financial surwt typi11¥ up to 30% of the annual foe. Bursaries enable sultable g'rts ¥those pwents rwjt other¥&ise afftyd Ihe fees to benefit fr(Yn an education at Thè Royal Ma50ni¢ SctKd lor Girfs. Th•sè man5 tssted awards bè awarded to girfs who reach lh8 Schocd's requi stsndards Ixrt w? reqth finarKial assistan to lake up a pLq¢e, or to hdp parents of an e$.j gio keep her at Ihe Sch(KJl in b.mes ol unexpeded finanoal (Irffilty. In Ihe Finanoal Year 2024. a totsl of È1.124.067 I213.. £9)3.4031 was aWaed in xholarslN"ps aThJ bufsit by Schoc4 to 130 gNls12023". 1261. A further 3 wpils LefittY from assistance of £29.365 via Iht RMS 8vrsary FuThJ 12023.. £19,770 10 2 pupiLsK A ftjrttw 312023.. 51 girfs were supported by the Royal maS1C Tfusl hy Gids and Boys amwnlmg to £118.485 12023.. t128.ia61. RMS also Crran1Y educates S thildrnn fidty knde(I by a kncal authth. Rmuneration Poli¢y The Sctt does its QknfnoF5. The Go¥wws arg ponSib fry deterMing the remuneration of the Head. and for setbng the pjlw frameworft for the neratiOn of the rest of the scho staff. R8rnunefatK¥n is sel in thé rontexl of the Sthool's puryws. aims values and to rèflèd the skills, eXptrrier and Crpetenc¥e5 require(I for par)'cular roltts. In seth'ng rernuneration. the Gov¢m0 also consid8r a nwnbèr of athjib.onal faCtS induding an m¢JWUa'S contn"LwJts"on. affordabih.ty and rnmuneratKJn offered by se15 of a rnI1¥ gze. age range aThJ locality. Reser¥•s policy The tolal hjnds for Ihe ended 30 Auwst 2024 £7.664k12023: £6.667k}. of wlwch £1.757k12023.. £1.503kl were restricted fvnds. £16k12023.' £55kl We en¢ment hJn(ts. leaving t5.891k {2023'. £5,109kl as unrestricted funds. rth lh¢ unrestrthd lunds were £2.797k 12023." £2.722kJ ol fixed assets 1•aTh9 £3.094k12023.. £2.387kl as f $èr¥8$. The Sch1 awns to maintain adequatè free. wreskncted re5eThw to resp)nd 10 unf•n èvents and to nt up lo 3 rnonths. ntls(retionary expeThJiture (appYMately £3.9ml. This prnves sufficient time to Page 14
THE ROYAL MASONIC SCHOOL FOR GWILS REPORT OF THE GOVERNORS for thg year ¢nd¢d 30 August 2024 lo an emergw annfft9 team, ¢Jwfop plwts lake t nscess¥y measures Io $[we that Schod w conlinue to operale suc£eSty during any emerging crist5. The Sthool's actual frEe res8Thes are lower th lh largal as Pos irNe5ted 9gnbfi• in ¢•W ¢Jevelopmenls to ¥nhan¢o Iho educational provisic. On 30 August 2024 unresln.ctad r&s8Nès £3.1)94k 12023". £2,387kl. Thèse are dèfined as unrestricted funds, les5 both fixed assets and Ftrnarwt eIthw. The reserves pJlicy and its calcJJlation are rleW8 by the Finance Comnth arnj upilated annuafy. Fubx8 dev8lopffMt plans 1[ be fvnded ty a comtxnalion ofcash llow. and fvndraising. Governo recognise that free reserves may lal tkn the Sclwl's tsrget for s¥Jnific8nt period5 of Ihe year. This 1$ duè in p•t to Ihe SdKol's ¢ash wth lee incom? rewvsd •t thè bègiftnirg ol each ten. However, the balare sheet remains strong and Ihe Schcd tenefits from a serJJre lease cfj its land aTh1 lIdingS. Govfjmors are awaffj thai the level of free reswves. ¢<nts with the unrxtsin ¢c(momie mpHct of inflationary p¥essure including risiTrJ cost of fo. a9es and materials lor construct)n. will wesent Lalltrnging enwrwment next yew. Golng Coneam Goverrmys have wnsidered Ihe finanrAal sItiOn of the 5(K>oY, Ihe level of free s, liquidity, th¢ 2024125 but1get aThJ accompan9 cash forecast, togeiher vmh the kng temi strategic plan and the level ol admissions for 2025126. As SLh, thg GgverThys belve the sd)cJl alle to manage tts bu$in risks svccessfijlly and that Ihere are no materiar LwKertaintres in appIng the goirvJ concem basis for the preparab.on of Ihè accounts. RELATIONSfrMP WtrH THE RMIG ENDOWMENT TRUST RMIG Endowment Trust is tr landlord of Ihe land and knilding5 that RMS ¢)miwes. FIMIGET'S main a¢tiwty is applyin9 its $ICS for any chaiilatAe pUrse ConfieC writh RMS or Ihe educalion of its puptls who are daughters ol Eish Freemasons c£idere(l to be in need. Since its establishrnenL a policy ofthe RMIGET has been to ensure the proper maintenarKe ofthe property and real esta to opbrnise Ihe runniThJ of the Schocd. RMIGET provKles sth)lar5htps •nd bLus#rtes on a 'n¢wJ LY mèans tested. basis to daugmers or athptsd daughters of Freen$$ in accorda with the trust ¢Jeed. To wjpport the xhoc4 dumg kthn. fmancaal surwt wa5 given by the Tru5L The last few y88 thè fcus of investrnènt lor RMIGET has baen on kèy arèas of mpair and reiShMent including: rebjrtsshment of the Ceing and roof of the dining hall and the Great HJI (completed September 20241, rWacenRnt of the heabn9 syslern in Ihe K houses. fftre nIa1nrwI work induding the repla¢8menVrepair 01381 fire dws in Ihe G bb¢k arKd K houses and fefurb"shment of Ihe roof, fascias, soffits guttering to CadryJan Hcxtse. The heatiryJ syst&m in the main schcol was replaced over the period frorn 2022-2024 tTr3ether with a repair to part of the roof in wea. RMIGET works dosely 7•rith lh• sch to reso t blr¥J of fepaws to its infrastfucture that have built up over many years and VAII wIctise the deVelowl and exeojlion of a &year an to J(kess these issues in a sustainable manner. Page 15
THE ROYAL IMSONIC SCHOOL FOR GIRLS REPORT OF ThE GOVERNORS for th• year ended 30 AugJ5t 2024 On 16 thjne 20rJ, Ihe SCh(X s19rd a six.ye¥ interim 18a5e whith has been aWie(I retrospecti¥dy lo o)mmerKe Yiti effed frryn 1st Seplembef 2020. Thi5 lease will run in landem th the prograrnff to address Ihe backlog PairS. A tw 199 yearl tenant repairing reversionary lease was execufed Stmullaneously and is planned lo comFnence UFTh the expiry of lh8 interirn 18a5e on 1st Septernb8r 2026. Signalu of these arwgernents gives RMS seajrity ol Ic9 term tenure on the siie. h a150 facilitst tho school's IYMIeh1p of the repaws aThJ Man1&e01 the assgts Ihe ol whth were •weed as part ol thè 0ti•ll$ are celed. CURRE14T AND FUTURE DEVELOPMENTS Th 5chod retains resF)nsibiliis for Ihe internal decora1 of tho sp¥e$ arwj 0¥gwes th& inv8sknent in Ihese areas. In summer 2024. the schLxI refuth"slO its lood arKI faofiti¢s to FYts¥is> of a Leilh's Cookery School qualfficakn f¢x sixth form purAls. Al the same 1o7)e ol the Sen1 school dassrooms in the lon9 C4yridoT were refiJth"shed Wbth modem faa"lths, Its.a, (umiture ar¥J de¢or . this is an ongoing programrne ol rnluth"shments. Th&e was a relurbishffent ol a xierKe lab wilhin Ih? Sri?n¢o oc We ated a 5tsff devekynenl 5par titi a CPD ary a spxe wtatde for Ihe d8lNery oftraining lo slaff which is used lor training and also intemal stall meetings. Year 7 room in Devonshire trlouse was also refutshed lo rywove the al space f(w wpds. TEACHERS PENSIONS FollowiThJ a ¢oTrecli¥e consultation pwocess the schoc4 wilhth from tr TPS frc•m Sept8mb8r 2022 and providès a defined contntsjbcm scheme to t•ac*ung slaff. PEIISION BUYOUT LOAM As noled in previous repjrfs. the Sthool signed an agement 31 March 2016 entering into an rcureI agreemenl with RMTGB tg allo¥Y the school to tw ¢yrt tts Itill felating to ihe RMTGB Staff Pènsion sch. The loan is Ojn ÈeThJ repaK1 nKMthly instsirrEnts with thè efftnt rate ol interesl tharg•d at the 8¥nk ofEngland rate. STATEMENT OF GOVERPKJRS RESPONSIBILMES The wvgmor5 Iwho we also the directors of The Royal Mawmc SclK>ol for Girls for thè purpos8s of gjrrpany lawl are responsble for preparing the Report ol Ihe GoverTr)rs and the finanaal statements in accordance th aFylicable law and United ltingctom Accounkn"ng Standards Iuniiad K"¢NJdom Ggrterally Accepted ACCntir9 Pracitsl. Company law requires Ihe govwTh)rs to prepare fmaniyal slatements tr exh financ1 year which give a true and lair View ol the state ol affairs of the charita¥ 1PanY and of the tncomiThJ resource5 and apF4ication of eurceS, induth.ng aTrJ expenditure. of the charitatAe company lor that pericd. In weparing those finanoal statements, the govemL¥5 are ru¢d to". P89tr 16
THE ROYAL MASONIC SCHOOL FOR GIIILS REPt)RT OF THE GOVERNORS for th• y•ar •nd•d 30 August 2024 $el8d suitablg axounting poli¢ie$ and then apKAy eonsi$tenty," obseNe methcJs aThJ wnciples in the Charity SORP.. rnake judgernents and estimates thal we reasable and kxutht.. pr8pare Iho finanoal statements on the goirvj conc8m basFS un18SS it is inapwopriate to PreSe that the ch¥ilate company win ccffitinue in ineSS. The govemors are r8sponsit40 keeping prop8r aCc(ntij rg)xds which disdose Mth wsonable accuracy at any rne the finan posibon olthe tharilable o)mpany and to enable them to ensufe that lh$ financial statements comF4y with Ihe cornieS Act 2Cth. They a also respon&ble for safeguardtng tr assets of Ihe chantable ccrfnpany hen ftK a$atsIe steps for th¥ prevention and dètection of frau¢J and othér Irreg0nD¢s. In so far as thè wverrm are awa. the is no rdevant audit informakn of thith the tharitable cornpanls audilrys #waY,. and the governors have taken all steps that tly cmjght to have taken to me thernselves aware of any rdèvant audrt in1(MatIOn and to esiablish that lh• aL#litors are aware of that infomakn"on. Approved by ¢yd8r of the tM)arf of govemors on .. .... .. and siwed its t>ehalf by: Mr S Stsit¢ - Chair Of Gowniry BrAy Page 17
THE ROYAL MASONIC SCHOOL FOR GIRLS INOEPENDEKf AUDITOR'S REPORT fof the year ended 30 August 2024 IMDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF THE ROYAL MASONIC SCHOOL FOR GIRLS Oplnion We have aLlted th8 finan¢ial slements of The Royal mason Schwl For Gsds for the year ended 30 August 2024 which cvmprise Ihe Group Statement of Financral ActNit¢es. Ihe Group and Parent Charitable Company Balance Sheets, th8 Group Cash Ffthv Statsment and notes to the fmancial stements. including a summ8ryofsignificant accounhng policies. The financial re[tIng framthvork that has been applied in their preparation is applicable law aThJ United Kingdom Accounth"ng Standards. including Financial Reporting Siandard 102 The Finan¢ial Repcyting Stsndard ¥piCable in the UK and Republi¢ of Iland Iuniled Kingdom Gener81ty Accept A¢cwnting Practice). In our opinion the finantyal atsmgnts'. give a true and fair wew of the state of the groL's and the parent charitable company's affairs as at 30 August 2024 and of the group's incoming soUrCeS and applbcabon of resour¢es, including its income and expenditure. for the year then ended: have been prOY prepared in accordance Ibrth Unit1 Kingdom Generally Accepted Accounting Pra¢lice- and have been prepared in accordance V4iih the requirements ol the Companies Act 20C6. Ba$is for opinion We conducted our audit in accordance with Intematiwal Slarvjards on Auditing IUKI IISAslUKI) and applicable law. Ovr respon5ibiljtr.es urHJer those standar(Is are further descnbed in the Audr(0$ Responsibilities for the audit of Ihe financial statements section of our report. We are independent of the charitable company in accoidance wrth the èthi¢al requirements that are rel$vant to our aLwJit of thè financial statements in the UK, induding the FRC'S Ethical Standard, and have jIled our other ethical responsibilities in accordanc8 Wth these requirements. W8 believe that the audit Idence we have obtained is SUfflent and appropriate to provide a bags fsx OAl. Conclusions relating to going concern We have n0thff to report in respect of the f(41rr*ing matters in relation to which the ISAS IUKI require us to report to you where". the trustees. use of the going concern basis of accounb'ng in the preparabon of the financial statements is not appropnate-, or the frustees have not disclos&J in the financial statements any identifd material ¢Jncertainties that may cast SIgnifinI doubt about the group's and paTent ¢haritable company's ability to cgnlinue to adopt the going c(xKern basis of accounting for a period ofat least e1Ve mth5 the dale when the financial slalements are authonsed issue. Pa8e 18
THE ROYAL MASONIC SCHOOL FOR GIRLS
INOEPENDENT AUDrroR'S REPORT
for th• y•ar •nd•d 30 August 2024
Oth•r inlomiatlon
The other information compnses the information included in the annual report, other than the financial
statements and our au¢Jrtor's report Ihereon. The trustees are responsible for the other information. Our
opinion on the financial statemants does not cover the other in1rnati and. except to the extenf otherwise
expliciuy staled in our Tepm. we do not express any fom) of assurance ¢(lusn theon.
In connection with our audrt of the financial statements. our rÈspsibl1ify is to read thè other infomiation and.
in doing so. consider whether the other informaticffj is materially inconsislent with the firtancial statements c
our knowledge obtained in thè audit or otheThwse aPats to be materially misstated. If we identfy su¢h
material inconsistencies or apparenl material misslatements. we are requifèd to determin8 whether there is
a mat8rial misslatement in the financial staternents or a material misstatement of the other inlomalion. If.
based on the work we have performed. we condude that Ihere is a maierial misstalemenl of this other
information, we are require
THE ROYAL MASONIC SCHOOL FOR GIRLS INDEpeNoeNT AUDoR.5 REPORT for the year end•d 30 August 2024 In preparing Ihe financial slaternents. Ihe tru51ees are respsIble for assessing the group and parent charitable company's ability to contrnue as a goin9 concem. disclosing. as appli¢able. matters related to going concern and ng Ihe g¢yng concern basis of accounting unless the trusiees either intend lo liquidaie th• gioup or parent charitable company (r lo cease operations. or have no rèalistic altemaisve but lo do so. Auditor's respon5ibilitie8 for the audit of the financial statements Our obje¢tWeS are to obtain reasonable 8$Wran aboul whether the financo15tatements as a wholè are free from matertal misstatement. vthether due to fraud or error, and to issue an auditor's report that includes our opinion. Reanable assuranc8 is a high levd of assuran¢e, bErt is not a guaranlee that an audit ¢orKlucled in accordance wth ISAS IUKI wll aayS detect a materi81 misstatement when il exists. Misstatements can arise from fraud or error and are consKlered material if. indNidually or in aggregate. they ould reasonably be eypeded to InflUee the economic derision5 of users taken on the basis of Ih$se financial statements. As part of an audil in a¢cordan¢e ISAS {UK) * exerrAse professional judgsm•nt and maintain professional eptIcIsM throughoul the audii. We also= Identify and assess the risks of material mis51atemeni of Ihe financial stalemenls. whether due lo fraud or error, design and perform audit procedures responsive to those risks, and obtain avdit evidence that Is sufficient and approw.atè to provide a basis for ouf q)ink)n. The risk of not detectin9 a material mi5slatement resultiThJ from fraud is higher Ihan for one resulting frryn error. as fraud may involve collusion, forgery. intentional OmissiS. misrepresentatsons, or the override of internal control. Obtain an understanding of intemal conlrol relevant to the audit in Order to design audr( procedures Ihat are appropriate in the arcumstances. but not f the purposes of expSsIng an opinion on the effeclivene55 of the group and parent chawilable crynpany'5 Intemal control. Evaluate the appropriatenes$ of o¢cnting wlicies used WKI the reasonableness of a¢¢ounting estimates and related disclosures made by the truslees. Con¢lude on the approwiateness of the trustees. use of the golng concem basis of accounting and, based on the aLKlit eviden obtained. whethw a material uncertainty exisls related to event5 or conditions that may cast significant dtyjbl the 9roup and parent charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exist5. we are requir9d lo draw attents.on in our audrtorfs report to the related disclosures in the financial statements or, If such disclosures are inadequate, to modify wr OniOn. Our c(MKJusions are based (M) the au¢Jil evidence oblained up to the date of our auditorfs report. Ho¥%Ever. fulure events or conditions may cause the group Cf parent charitabte company to cease to continue as a gorrrfJ cor. Evaluale the overall presentation, strLTrciufe and content of the finanual statements, including Ihe disclosures, and whether the finan¢ial ststem¢nts represent the urySer'ng tran5adions and events in a manner that achieves fair wesentstion. Obtain sufficEnl appropriate audit evidwKe regarth.ng the financial Inf(rnabon of the entilies or business activities within the group to express an ¢Jpinion on the consolidated financial statements. We are responsible for Ihe direction. supervision and performance of the group audil. We remain solely responsible fly our audit report. Page 20
THE ROYAL IAASONIC SCHOOL FOR GIRLS INDEPENDENT AUDITOR'S REPORT for the year ended 30 August 2024 We communicate th those charged with govemance regarding, 8mong other matters. the planned scope and timing of the audit and significant aijdil findings, induding any synificant deficienryes in internal control that we identsfy during our audit. Use of our r•port Thls report is made sddy to the charitable companYs members. as a tmxty, in accordance with Chapter 3 of Part 16 of the Companies Acl 2006. au¢Jrt vIk has been und8rtaken so that we might stale lo the charilabk Company's mèmbers those matters tth we are required 10 518le to them in an auditor's report and for no other purpose. To tha fullest èxtent permitted by law. we do not accept ci assume responsibility to any party other than the charitable company and charitsble company's members as a bc*Jy. for our audit work. for Ihis port, or for the opinions we have formed. 14 Awl 2025 Shivani Kolhari (Seniry Slalutory Auditor} for and on behalf of Moore Kingston Srnith LLP. Slatulory Audrtor 6th Floor 9 Appold Stra•t London EC2A 2AP Page21
The Royal Masonic School for Girls CONSOUDATED STATEMENT OF FINANCIAL AcrvmES Iln¢luding the Inc0 and expenditure s¢ernentl forthe ar ended 30 A USI 2024 TLx•I fund 23 CAE FFlgll.' ool leEs 19.e61.257 1g.M1267 266,J33 17.923.$1D 260.649 ¢Xh•rlTrEOrn• erb¥diry Other Athities 2U.412 654.226 ,412 6Y226 299.S35 626.$31 vesffflqnt Volwlwrygaurc4 378.J31 40.731 419.ts2 14?.249 257.325 Tot lTrcome afid ewdy4ffM 21.3Z2.639 316.9•S 21.66gS24 19,514.799 EXPENDnURE CII.. ts)Ir4bJlng 7.192 S.623 10 21.131.624 21.165.162 16.456.876 Toial•xp•Trd 10 21.13B.816 33.5J 16.482.499 Mrtop•rnUng I.•2> 313.417 1.052.300 Lease Pro$10n e•se Mwgalrse$OnerrfS 39Y.X2 79a.460 17 100 3.115 414291 1.UOS.Pa7 Tr•slei oetwwfLffjds 198891 159471 N•1 hiowmht ih lund$ 782.Q 254.820 {39.420) I.IOS.987 Fund lanCesrU4tIgrd 5.109. 1.5fy2.551 4 860 587 Fund lance5c•1ed trrf Zl 5.8W.789 1.757.371 15.820 98D 6.6£6.574 l ofihe ebtye rth*too)nbnwffj
The Royal Masonic School for Girls CONSOLIDATED 8ALANce SHeET asa130Au U512024 X23 2024 2) FIXED ASSETS 16 17 177.1 1721.997 797 2.731.997 knvestrnenJ 3.14S.171 3.574.1S5 2.875,27 CURRÉNT ASSETS In¥esfftnts niA47 72fy,QBI 9.111.512 61 12N172J2 11.701.1 9.594,945 REoifcs AmtyJntsr¥kng wve 14.463.697) (4.923.•301 NETCURRÉNT ASSÉIS 4.9e2.611 4 611,915 65fj.•36 7W3 ?.7.13 CRECITORS.. due¥ier fflOTe one yEar {1.8W.2$21 11.990.2S21 IIST ASSETS 666.574 FUND$ F¢esirKied lunds iknresirKt¢d Erthwmei71 lu 1.75771 4nll,ns 15,1 1.502.551 S.IOB.7aJ 55.24ri J92.9 5.108.7a3 $5.240 21 15.820 5.556 931 £833.8l8130q1tstZo.. rÉ1.757.j9Il Mrs biart¢ Go¥qm9 Èa Cryny NLYnbEr. 01339867 P¥5e 2J
The Royal Masonic School for Girls CONSOLIOATED CASHFLOW STATEMENT for the ar ended 30 A USI 2024 CASH FLOII STAIÉME•IT 2024 Z023 7$4.bS 2.180.941 393.694 25.461 112.664 14101.•MI 11.067.696> 122.637 24,612 206.164 dends Ved PpymEntslD%WWEf5SEts PAymeffltstsacwYe Inve5trnts j199.5271 1 788 960 2.330.e•Q I3.41?) Ftes d¥Ar stheme payrrtrmdkes {19.5721 972 372.409 Cath 4n¢u$hfjq¥•Etr• t4innifwJ Pert 12 B.739.1D3 7.IM.941 P4gF 24
The Royal Masonic School for Girls NOTES TO THE FINANCIAL STATEMENTS for the ar ended 30 Au vst 2024 1 ACCOUNTING POLICIES Is Pa, H¢rE. V•W411F 1.1 sIs (F PREPARATION The fininci?I stalThnTs ha pr•pwod F•lar ** uKar (FRS 1021. The cnwibNeCowny isa beneffltl th• FRS 102 Chty4so FThPAfEd ts fbianc &Lil£mEnts acr01ce ¥Mth Ststementd Permld Prar$4tIe ryeparry •XtyJntS ith the FSn•i(il Reportyr4 StandaT¢ the UX¥nd Rqpu&K kand {Tr FRS 102 cows saRpi. 4Gt 2LW &)e Chan¥e5 2011. ewfrrt Tr4oie 25 Whth h#enWI• thE 1rnpa of the favixed IEa5e. SI sepwawy tyi the the Fiwc4 k4ts due io the maten nabJr• cl lh• tr75acion. th¢ nD¥wwnd. i theCW¥•kI 2ts artd 4pFatle sJardS wl theVr•2d thyn. ries. whth havEbEen applied j¥t1r. WeSetwtb. 1.2 GOING C&YCERN sban1¢On1d0bl on thè rlthpch¥tstle £<n. The9¥ aSaLuMnIf0r a FthiDJ atatle15tL¥ SLthAS uTries. f.3 pREPTaN OF CONSOLIDATEO FW4ANU4L STATEIIEIITS JO Augusl 2024. These Fttyd •Aascit SclrnlkrcoSthyFUfvJ. a thantyuthr 1106076. IA INCOMING RÉSOURGÉS qvalltsfied wth rea$offlab Fees rt¢O-4e are $ted r aknaw. otrr rernwi5 by tr SEhoE4. fyJt 1.5 A£5QURCES EXPENDEO 1.6 ALLO¢ATK)N APPORMONMENTOF COSTS th•y1. 1.7 TMGIBLE FIXEO ASSErs FIre5 l 10% 5tr0b)htl 25%str¥3hth IA INESTMENTs reAIsEd 94insand kA5e5 dNF4Js5a5wEI a5tr¢ ts$e$ thwhtyJlthe>tar. The uttrealised gains oil%ses rewtteffllth• drfterEnceetween mirkaivaup irrflthp bxk the dth. yot y1Tr5 LYk)ssesare trar6leffed IDtreK£w&O¥i¢¢ tsr. ThEftyw•frywnr¢£d thErelLVE c¢Ay An 01¢abOD 1J STaCKS Strsare sd Palle 25
The Royal Masonic School for Girls NOTES TO THE FINANCIAL STATeME14TS lor the ar ended 30 Au usl 2Q24 1.10 LÉASES 1.11 CASH ANO CASH EOUWALENTS ¢a%h E45h eqi¥vnt5 cash in hwd. tcl ¢ywd mawii¥es olthreo rr)nlhB 1.12 FIMANCtsLASSETS injtrumert FinBfttrassets #nd E the( trnrt•mwts we¥¢nt¢d fft ihe siaiern)ts.>tsntrwe tyht racosn•Jn. munton initi&l recrynOirAn. 1.13 FINAJ4GW LIABILlE5 are atfwrv4ue. 1.14 TAXATKJN I.IS FUND ACCOUNIING 1.16 EWLOYEE8ENEFITS ¢YpwdeIerrnYtKJn be*5. 1.17 RETIREI4ENT BENEFITS 26
The Royal Masonic School for Girls NOTES TO THE FINANCIAL 5TATEMEMTS ftr rhe ar ended 30 A ust 2024 2 KEY ESTIMATES & JVDG£MENTS InthR 4ppli¢atsf cl the wmpan5 Pc4. the Bow¢ rnlke lLtyffl. estima% ¥btyJtthe tafrying penod$ The anhu&l rfepreualTr dj equpt c¥4es in tr esbm&lvJ usthl e(wO Irrt5 and rnshYu¥ ye$ nW¢rJ lths i19 the CL¥r•rt trt wg dthty. tr¢ agry •¥rfrKrKfj. 5qq nolp 19 fLY nEI amoyntofthedebtrrfs. J LEASEIIITH li E14f)OllW£NTIIIVST 16 June 2023. the Schtss 99ned an al6>. I Septyiw2Q20 31 jUt226 Thi •5e IndudÈdthe a9reEffltrltd a ffl rffee pematrom i se12020.31 &W2022. Tr S•Jnthg clthe •S¢h•S T•qyiw¢ th¢ Tekn Ea$EAn4 thE EffECt(th I the tuirentye4rrA£399.29Z I Septhrnber 202$. This ts rth ¢#)nydewd 10 Irj(s lea 4 FEE WCOME The Schad'sa¢D¥5•es arCedltrnthE UK 2023 ?1..961 1116.1371 19.558.753 (731.6391 (903.4041 LES5". DllL5 Lw." 19.661.2S7 17.923.S10 Bd thvakne £159.471 rthlad 30Wt2D14 ¥MI£150.15T ywarended 2D23. 24 2023 140,925 180.349 47,85a 32.442 Otherm(ryne 42.$7J 260,619 $ OThÉA IfiClE 2024 2023 Othertr4¢Jing inf4)me. Reniwdlew Othèr Income- Entwwse 2Mfv12 450.S1S 23&711 299.535 626.531 912 926.066 Page 27
The Royal Masonic School for Girls
NOTES TO THE FINANCIAL STATEMENTS
lor the
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2023
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The Royal Masonic School for Girls NOTES TO THE FINANCIAL STATEIAEXTS for the ar ended 30 A U512024 11 FINANCE ANO ACthISTrAIKI Fnice an0mlSboD 2U4 2023 lTandtdeWrnmuca¢JTr1 HR t$neY Ano payttlllee5 L¥Jo1 and prfesswil f• 3M.817 1fj0,7116 2•.3SJ 211.247 14•,330 ?13.861 114,494 79.166 216,343 17Q,741 176 221 Postsoe & iLltonery 1 372 76fj 571J 126 12 STAFF CO¥IS 2024 2023 and 10.ISO.523 116.1fj4 1.015,312 t,240,091 9292.157 31.536 918.195 1.1Y.920 7J.120 5ecw costs Otherpen5bJD $tr 23 Te&erw Teehnp Supwi Srw SupF¥rt 107 243 over C60,OOQ the year¥Mszsfdk7J 2023 £60.OQO-f7Q,OOQ £7U.001- £80.000 £80.001-£90,000 £9Q.001- £100.QthJ £IUO.QQI- £1 lty.f £110,001- £12C.OQO £131.001- t14Q.OUO £100.UQI £19C.OUO IJ GOWERNORS REMU14ERATl>I JtD BENEFITS Tr4¥d And tra•liw wensesdE2.134 120?2". £1.394far 1 thetharitydLing thè ¢06ito ernFloyry E1.364.3YS12023."t1.261.J161. 14 PEIISICIIS APTIS Wlribulilln schErne IstseO¢r 2022 91 teacW trar6fÈrrnd lo thB uffle ath. TO rthtrthLi¥Jn5 the hPTrS Schemewwe£l,240.09812023". £1.154.91OldwtrKh É142.570{2023". £121.M1lwas sWxdstrAYryatthB year end. 16 NETIICOIAE FOA ThE 202J NetinctyTre &ststedafterthorgfflg'. EWeal¥J rflangiLlefix¢d assets Loan Inrn$t 907.871 74J,416 19.572 166.244 1,230 PwJ¢ 39
The Royal Masonic School for Girls NOTE5 TO THE FINANCIAL STATE&ENTS for the ar eIed 30 Au ust 2024 IS TANGIBLE FLXED AUETS GRtyJP AND scMorA VehK Totsl A131 Au9U512 Athttons DiSP)sals 2.749.642 424.367 121.227 4.Y2.512 623.329 7.413Jl• A130 dJgJ%tW24 3.174.1)Jg 141 227 5 18S.041 181.077 Depreaon'. A131 AugJil2023 Charye lorTrYar 1.444.937 320.175 57.576 3.148.471 627.541 4.691J gJiJOS At30¥t20 1.765.112 101.66$ 3.816,412 5 685 189 Netbxth vauE." AI 30h4uSl 2024 AI 31 fvJJAv$12023 2 721 997 17 INVEsnEN75 GROUP 1024 2023 cosihf41uAt Al31 Auwst2D2J 938.729 92.512 (t12.Wl ltyJ.844 940.139 199.527 (208.1841 144,7731 PUS% 1112.6511 27.662 13.429 2D14 213 co$alan At51 2023 ditiuns Dispo$4s 150.490 23.552 (27.799) 160.722 29,438 {28.472? 23J62 127,7•91 co11] At3Q P4ust 2024 5.271 5.271 2,791 153 2a1 151596 155 995 186 630 30jst204 * a04¥ W2J. AIJOJ4ult2024. RUS wJ114bWebxieLrf£1.rpJo{2023". t1.OWI. Th¢ indLththo RUS8wury F Ptye 30
The Royal Masonic School for Girls NOTE5 TO THE FINANCIAL STATEIAENTS for the ar en¢Jed 30 A USI 2024 17 IN¥ESIMENT5 ThryfCl1ng frt•Strta$nll1&d S%clLhep>Wth?¥41Je' CLILb Fd CT UXEgty L GBPC5 lthaTE li Ac Car¢ UK Glts Lkt EtrG8P A¥0 In¥5 Fd Al Us E4ty Inc UK M DI JPfvloryan Fthid k¥¢ JPM Us Eq kn¢ C2 GBP Net Funds HcS8P SUO U¢s EYUSD Ds 1B OEBTOR3 2•24 202) 24 2023 F¢es 230.911 175.793 (102.0711 23.147 618.e03 19.3$1 230J11 &Q671 46.611 175,792 1102.0771 16.750 614,603 19.261 erdebtty5 PrBrAyrneMs and4cctUEd IrawnR R14ts EfithywtT 1.746 6.74$ 19 CREoirc¥is hp AmtsJhts 1o1ig Or y. 202) 24 2123 Tradeueotorj Taton a1 s0oolse£Dfy8 FEe Depj Fees In adVce Other cndrford Attwalj and deferred In RMTGB Lotttl AlJduetOgJpUrdtstr 969.025 234,473 165.130 1.669,685 1.492.043 144,9$5 144,000 63.921 234.473 185.1 1.869.68S 1.495.631 144.955 I44.0 248.SOB 319.973 U32J17 1.OY2 2M,J6S 144.1100 4S.403 31,Y73 1132, 1.094. Fet ih AdYit& 2•24 2D2J 2•24 2Q23 erLwhlfwrds Rde•5ed in year Receed in year 2,121.459 12.121,859 I.E69.6BS 1,559.616 11.669.SJSl 2J32.367 2.121MSg 12.121.859} 1.669,68S {1.665.6161 2.U2J67 Cwr¢dfryw•rd 1.669685 hr1 2•24 102J 2ts24 Z023 159.311 .933 1213,51n ?.JJo inr 404.53] 2,JJO.810 404.533 Cap¥bedthAid5 04.533 404.53J Page 31
The Royal Masonic School for Girls NOTES TO THE FINANCIAL STATEkENTS f¢r the ar ended 30 Au ust 2024 20 CIIEDrroR5 DVEAFTER ONE 2•24 2023 2023 dUe4trNK)thI thie . RM7Ga Loan Brcrfditts Srthodfee Fes in ad 110.3 304,389 252,388 1,028,852 404,$33 110.JI 1fj1,259 304.3B9 2S2.388 1.028.952 404,53> I.X•.61T 1 1 99f1262 21 STATEMENT OF FVNDS SCHOOL 31 •AWI 2023 Tr4nsfer Gw At 30 Fur 2424 5.108.783 Pl.138.0161 19fy.891 399.292 S,J90,7•4 Re$trx•a tur$." 2CII.171 151.365 2la87 &575 118.069 S815P Fund Cadoyan Fur 41.J72 311.152 1159,4711 ,•5J 392. 2Jg.614 1159.4711 414170 139.420) 15.120 SrMarahipFund SS.240 139.420) 16.820 5.556.931 .W.253 IZ1.139.816) 6,JYO,779 saryFwd 1.273.201 Toill GrPP 6.666.574 21.669.624 {ZI.172.3S4} SOD,136 7.6U,910 Pw3Z
The Royal Masonic School for Girls NOTES TO THE FINAPICIAL STATEPIENTS lor the ar ended 30 Au ust 2024 11 STATEMENTOF FUI#)S ICONT) A131Wt 22 At 30MJwst 2023 Trnnrf 6CIIOOL Fd5 (knèe%i Unre$knthJknd 3.314.4 19.240.237 (1tt.4J3.24 IX.847 5.108.783 Campwyn Benjwnin Thtynjs ken Inc Scholarship Fut C•Jogan SdhY•ship Other 195.471 157.0$9 X?OD &5 200.171 1S1.36S (11.19BI 157.417 1150.8471 41.371 re$triv4¢ 166.621 IISD.1471 592.gJB EnwMeIund$ 8ery•Thn Th¢¥r•s gLlden IKOM 55240 55,240 SS240 Totsl Ichr1 fun& 3.719.533 19.414.8Sa {1B431.n21 787.252 5.556.931 B¥rwiFund 1.P71.1154 127.7n) 133.5751 1.109,543 TotAI Grnup FuvKt• 4.860.W 18.514.799 (18.462.4%Tr 753. 6.666,574 l11St0 Itlsed ¥e iak•i trjthe li xepwaldy Ated in thE sheei. PJge 33
The Royal Masonic School for Girls NOTES TO THE FINANCIAL STATEIENTS for the ar ended 30 Au ust 2024 12 ANALYSIS QP MET ASSET¥ #EThEEM FUMDS rjtoup 2Q24 Tot•1 luTrJ6 2.797,888 In7.888 1M47.183 12,D17.232 15,•6Z,762} (2,3751> 1.031.363 726.OL 15.020 11.321.224 (S.952.7VI ,375.5611 Culfttibthtse1 ToiAI net•sset% 15 2024 Totsl fvr lund Tartoibleftyed assets Inves1mts Currtnl iSS¢ts Cunqnl Lon9 2.797.818 146.823 337.347 15.820 162,643 11,701,206 15.115.397) 13.375.5611 11.363,859 1&895.3971 12.37S.5611 Totyi as0 17 GIIOVP 2023 Toi•1 ReJwieO T4ryibl&fixad ¥trn•n Crnt assets Current141biithe temi hablths 2.721.997 2.721.gD7 952,156 9.846,378 14.863.697) 11.490.282) 89S.916 80S.63J 59.240 9.240.74S (4.e63.697Tr (1.990.262) Totyl nEtJs¥ts 6 666 574 S¢HOC 2023 To R¢s%at•d thJThY• 2.721.997 1711.997 153.281 9.$94.945 14,923.030 {1.89D.262 98.041 2.467 $5,240 rrentassety 9.3QO.D74 (4.923.O>Jl (i.S9D.2621 termliJlrfoES 3•2 908 S 556 931 ZJ C(*IMllME14TS UIIDER OPERAIIMG LEASES 2024 Land & 2024 e• 2023 nd8 2023 1,197J76 13•&7 166,244 1,197.876 3,593.626 139.230 104.013 Je bere ttvoand fi¥er$ 4,791.504 243.243 Page 34
The Royal Masonic School for Girls NOTE5 TO THE FINANCIAL STATEAIENTS for the ar ended 30 A ust 2024 24 RELATEDPARTYElStLosuf¢E3 Atthg Wice sheHtdak£NI12Q23 £11I)w45 dull ETrjtrAyTru thp>W£1.197.S IIOV". £1.197.870lwaspA th Sthwl RMIGErthmwrtTr¥$tn Altr b¢t heetdate.• wnThrtd£46.4Wts{2023' £ts.921 the RMS BurnFr. 2$ COllTrf Th¢ crn¥ lIrted by5LYr Il F¥E5entrnwthsarE E¥eryTnnber LrftheCLVnll rtakeS1O c4itritpJteJtr atsthe ¢mp4nyinth¢vfjntofthe x¥ne n¢ w whk he a tyithin bE a mEmLEr.lurthpayrnEntofthEdEbts and lbile9 ¢1 Lhe C4)mPWy<th4Ld beltyeheu•s•s b) a fflwer. suth WKWt•¥w Oe r¢¥4w•d r•t•xr¥&diryEI. 25 LCIIG TEKMACftÉNI The schwl Swjned affl a9reemenian 31 MAIth 2016 L¥&et4K•J ItPlTGB. The Low $bBe4M•k cknl tt) buyoutsliaL4f the RUTGO SL•ff 5chwrn. The fewiin th eunertiate oliniere5t tharyRd at th•B¥nk En9ld r¥Te atth•30 Ust2Dl•thH h•J b a1& Fensioti payrnntsnC¢ 31StM¥th 2Q16 thef1 IHW. 27 110IES TOThE cAsHFLSTA1ElMT 2•24 7023 Net funa on inYEstrtt 1.105.987 44.T13 102.916 1lOOWI 991.105 interpsttEcNed OMdeoasiet£i¥ed ietestpJyAble Lo¥s1 s4e LrfFiYetrAs5 knrrna5lDeu•a5el incrEd IhxreageVDecrease 0¢bI$ 124.6121 19.572 24.629 1541.6601 171.973 1,419 180841 CPITALC(JMMtTVEMTS Atthe FarerA t110.IX1202J." ÉNI Ptye 3S