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 *AE2jN￿7• 14105r2025 COMPANIES HOUSE A16 #274 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 stat￿nent 24 Nole5 to the FInar￿al Statement5 25 THE ROYAL I4￿80N•c SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for the year ended 30 August 2024 Inlroducilon The Govemors of tre Royal Ma￿lC Sclwl lof G￿1$ are pleased to present their financial stat&m•nts for the year ended 30 August 2024. Thè school is established in buldiros an¢J oW￿d by RMIG Endowment Trust I"RMIGEfi. a charita￿e bc4Jy. vthich has ￿spons￿lI11ty 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 respons*ile for th8 RMIG Enthjwmenl Tntst IT)Is' infrastructure renewAig its heatir¥J systems and Com￿ebr￿j the re51iyaiion of the dining hall arKI the Great Hall. It has spent £13.3m in the last four years on si9nthcant re(urkn"shment and has further investment planned over Ihe next 10 ￿ars. The investment in the schol means it rs confkjent it i8 w￿1 placed to SUp￿rt its pupil¥ over the rwnainder of the 99 yeaf kase. Background The goverrws. w￿> are *0 th￿ctOrS of the ct&4rity the wrposes of Ihe Conyanies Act 21XJ6. present Iheir roport wilh the financial stslements of Ihe for Ihè 31 August 2023 to 30 Au9USt 2024. The govemors have adoptetl the prwsions of the Staterrnnt of Recommended Practice applicable to chariles preparing thw'r accounts in accordance the Finanoal Repytsng Stsndar(l applIcab￿ in the UK and Rewblic of Ireland (The FRS 102 Charibes SORPI. Wl matters indurjed in a Strategic repvt have been YKluded in th? Rewt ofthe Go¥errKMS. REFERENCE AND ADIIIINISTRATIVE OETAILS Registered Company numb•r 01339867 (Er￿J18nd and Wales) Reglstsfed Charity number 27fj784 R•gistsr•d ¢)ffice Rickrnansworth Park Rickrnan5knfrth Hethrdshire WD3 4HF Govfjrnors Tho goveming are listed below I￿auth￿J Ihe charrfJes Ihat have arisen wce 1 Septemter 2022. pointed esmjned 11 Mar20 2tsa202 rof J Brewer (Chairl r M 8rain rS8rew s S BrO￿Y r S Detre rs P Dyke 29 J￿e 202 29 Jun¢ 202 1 Jan 202 2 Sept 202 P?ge 1 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 {resi￿ed 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 Hc*se 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&strr*nt 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 be￿een 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. t*here, in Consullats"￿ th• H•ad, RMS is considered an apprrymiats en￿ronMent to 9iwI's wds. Thi$ is in aC1￿￿ce with Ihe objects of the School. The SGhgol seeks to pro￿de a strudwed 8ducat￿n81 en￿￿￿Ment that devek)ps its pupi15' capabihl*s. 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 W￿re 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 Op￿￿nitIeS. 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 All￿S of As￿jati￿. 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 f￿vern￿5 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 pers￿al knowledge of G)¥eM￿ frThn extemal sc1jr￿S wch •s the Association of Goveming Bodies ol Indep￿nt sclM)ols IAGBISI. Potential govemors are sdected via a rigoroLts r¥cruitrn*nt 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 t￿1185 re*￿¥bIl￿￿￿￿ t*y 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 Govwr*JTr cryanises an WKJucbon day %ther•by GovemLYS spend time in sections of the s¢￿ and rneet key strff. Al Govemors recei￿ extemal wofessional safeguarding tra￿1￿J. The￿after. detsils of courses and sefflinarn wovided by the ¢xgani5alK)ns SLth as tho Assooatitin ol Gov8ming Bodies of Indewdent Schc¥)Is IAGBISI. the Independent schr￿S. 8utsars AssocMb"on IIS8AI and Boarding &hools' IBSAI are pa55¢d to the Govemors to ￿1P them ga￿ a better ufidefstant1iro of the natL*e 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 managem￿1 and contrd, ihey are Wlly responsible. The Board of Govemors. Finance arKI Genera Purp)ses IF&GPI Commrfee has the reSpO￿lbIlIty 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¥nmrti*è Irapybng to F&GP) and Martgtir*J. 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$￿ and Ihe SenKJr Leallefship Team ISLn. The employed staff cw5i5ts of the Head and 152 Full Time Equivalent IFfE} m8mbers of teaching and toachin9 SUPFth staff. and 91 FTE members of tr￿ bursarial supFth staff. The sth¢Jol is established in bjrfthngs and grthjrth owmed by thp RMIG ErKl¢ywment Trust (IIMIGET'I. a ¢haritable body, wl*eh h•$ r*spo￿ts￿ty for ts major Fywtstive rna￿tenance programrne and Ihe development of Ihe proFerty fcrf the benefft of the SC￿1 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 IdK￿l signed a gix.year interirn I￿e has been retrospectively lo commence with effect from 1st September 2020. This kase will tsndtm wrth thè ptogramme to addre55 Ihe ba￿0g repai￿. A Icry-tgm 199 year} Ignant repairing rever5ionary ￿aSe was gxecuted Multaneou￿Y 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 f*ditates Ihe school's ownèrship ol the repairs and maIn￿anCe 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 $￿sIdIary. l inveslrrthts by t￿ Scf•>)l irththng thxè ap*ablè to thè 8enjamin Igguklen Sd￿¥sh￿ IWKI we hdd in of RMIG Nominees tirThied. The Royal klawic Sdwl ts Gits FLmd to provide asgstance to pupils RISK MANAGEMENT The GoVern￿S have a duty to identsfy and re￿eW the risks to the charity 15 exposed and lo ensure apprcpnate controls afe in pbce to prov#Je reaswatle assurarKe against fraud and error. Their duty also overs the 8ursary that r6 ¢￿S￿l￿ated in thase *c￿nIs. The Governo￿ of ts &*ool have implemènted risk management as a matter ol polw aThJ conlinue to keep the Srthool's actsvths under review. In pth¢ular. system5 pr￿￿j￿$ have beet) e5tsWisl*d lo rnanage yoblems followKig a major risk. Rlsk Ma*agtmen¢ 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 rec￿tm￿l èmployment of staff itKluding prcqjer obseryaison of equality. The S￿01 im￿eMents blnml Sho￿19￿.￿9 of a01cat￿$ lor intemew to ensure that the prcce55 is Staffing stfu¢tures are rwAarty mie￿1 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 h￿e placed I￿rI#$iNg pr*ssure$ on RMS to kn¢p up with salariès offered by other SCh￿IS and ex1emal organisaticffls., it rematn$ difficuli lo SQUf¢g Skilled staff in all areas iffjui￿d. An Op￿ dialogue 15 erKouraged vrith staff a¢xoss thè school in tyder Ihat pOl￿tial rètèntxjn iS$L￿s can bè Kl8ntrfi8d and addressed at an early slage. RMS a wdlbwng tharter and a wellbeing oynrnbtt¢a Ihat plan evenls lo supkN)rt al s￿￿. EDI has been embedded 7Mihin the RMS cumure through stsff and P￿11 odLKalion, 18rKJua9e updat8s. parent inforniab"(￿ sharing and suryeys. N ￿nal￿5 an I￿p"n9 ar#J a strategic pIr￿ty which is imF¥Jrtant for pupiLs and slaff. RMS is cJJ￿enty in Ihe kyr￿esS ol C￿￿4etry tr* SilvÈT Equalitigs Award wh￿h invol￿$ considering the a￿5 of Behaviour a￿1 Weffarè, Lèaderth"p aThJ Managemenl, Teathing and Learning ant1 P•(sonal Developmeftt of PLV'LS. in ¢yder to a￿lit 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 Con￿￿tted to cmtinual and PFDyeSS. 2. Busln•ss conllnulty Inc4dents whith have potential lo adversely afted Sdb>Jl's ability to t￿tinue ￿snesS at nornal Iwels incl(K18 acts oulsid* of th8 schoj's c£ffitrol. s￿h as pandernics. fire or wealher-related catastrophes. The Sch￿1 has a cornver￿S￿8 Cithcal Inodent Plan to lry lo minimise the ¢Jwng impart of s￿h events. as well as adequate business inte¥Tuption insurance. Minimb5alion ol Ihe of those issu•$ that the Sch￿1 15 atAe to crKstrol lo some exlenl - 5txh as fio or bLll"k*.n9￿vb1ltsÈs failufe - is achiev8d by lh8 identifi¢at￿n of contrds and irve¢1￿$. thèse indude ￿￿lar fire ar￿ other health and &ifety assessments, the I￿lar revw ofth8 Or¥JLM￿j fflaintenance prr4rwnn*. lo tdentify p￿ventatiVe measwe5 as a matter of priofity. Page 5 The ROYAL MAS0141C SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for th• y•* •nd•d 30 August 2024 In Oecembw 2023 the School had a h3htniThJ stn"ko. it wose after t￿ and ol tem so il caused ffunimal disnjpticffi to nonnal ¢¥Jerab"%￿$ the safety systems were in rAace for Ihe retum of pu￿15 in January An insurance claim covered the ￿cItr￿lI0n costs of the damage T*IMth 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 Th￿itOring fw SL*c*J as it retsv)s a lot of sensitive pupil, parent and stsff iAfomath"on. Staff trainry on qber5ecurity and dats M￿age[rent is p*t ol w)duclions teaching and Offi￿ bwd strff and regular trawling is un(lertaken. The sc*col 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 d*cks that a￿ monJtc¥ed by GO¥ery￿)￿. The heallh and safety committee has reprèsentstion auoss the areas of sChtr￿ tsy woth to i￿￿1rfY wnpro¥w￿ appropnale orn￿18r￿e. 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 a￿a. We have a wide rar¥Je ol wihllife and creatures that have their ho￿ at RMS. Our trees. three lor&st SCh￿￿S 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 en￿n￿mental (*arges. heating systems, whw*rn•nts to iyJr l￿fid￿g manage0￿1 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 pu￿lS 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 5UF*MYt 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￿ le*J8rship tearns constanUy monitor Ihtr ¢ompliance of the sthc4)l with yequwe￿1ts 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 sc￿ls Inspectht¢ IISII operates a regular inS￿l0ft fegiff* to ¢heth thi5 cornplianc6.' Ihe last RegLtstory corn￿18r￿ Inspeclicffl was held in May 2022 where all regulalions were found to bo met. Compliance stsr#lards lor exam athm4nistratsc*i, UKVI for visas of intemab.onal PLyI$ d CC￿￿p11ar￿• with boardww stsrKkrds we nKni1w￿. The S￿￿1$.S d¢vek>k%nent ¢￿ce organbses events aTrJ wwects to raise h￿d$ 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 pU￿ls. Wlffist I￿S not errfjaged in a twgelejj campaign this academic Y￿r. the sbjdent t)ody fvndTwsed ts their Ctr￿n tharFty. The s¢hoc4 ¢Joes re￿1Ve regular dL￿atiOnS 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&y*d throLW3h ￿ dèsgn of the curriculum FYovisM>n and monitoring the engagornent with and outcomes for pupils. For RMS, the co ojnicutar pro￿1￿ is an impylant pwt of thè educatK)n pro¥i$ion and en9a9èment *ilh ar¢d learning frorn Ihis is important 8. Re¥enue/lncome Rlsk The school exercises careful conlrol of intsmal xcountiry rettrfds to ensu￿ ts b.mgty ￿lleCt￿ of fe8 in¢ome management of debtots trj nNnimisè Iht knsses from bad debts. Cost pressvres arising from both 8xtemal changes - such as changes in ern￿oYMent. regulatory aThl curritylum costs - and int•mal rgquiremants are identified at * earfy sla9e rnanw as f* as [¥)￿"bre by Ihe preparation and conlrol of school t*Jdgets involvry bu¢W holders acwss Ihe sc1w>￿. The ecor•Jmic aid political climate thaThJes affectiry the iryJepeThknt schwl sgctor in goneral aThJ Ihe markèt positioning of the Sthool in partthlar ¥• m0nrto￿d (ffj an ¢yy>)ing basis by the Sthcd's senior leadership and govemors. This indudes ts aff(Ydability aryl Ma￿et comp8btiveness of thè leès, itte attracb'veness of the ￿rri￿￿rn facilibes to prospethe wpiLs and salary other employmerrt benefits offered to the stsff. The cuffent dirnate wtlh rising Inftati￿ has pyt prèssure on cost management for ts s¢h¢<4 and ￿11 ¢onts"nue lo affact salanes fee structures. 9. ChlldrnJ* wèmarn." saf•gu•n3Ting The school operates Ihe go¥err*wt's a￿1 Independent SCI￿5 InsFethtè IISII'$ 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 apFx*ntrnent ol all stsff and Govemors. The School has a rol￿1 and thorou￿ set of 5afeguardiThJ and rBlated F￿￿les, 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 Comp￿la￿ 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 aVaila￿e for all stL*Jent& 08JEcnves Publ1¢ B•n0fft The Chanvs d4.ect 15 the e(hxation aThJ of girts ages of 2 ar*J 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 v*ith thetr obiths this year, and h8￿rg 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 support athièvirg aims over thtr r*xi five yeats artl progress in Ih•se ar•as are monrtrfftl by the govemry t￿lY at eath meeting. AcnvmES AND PERFORMANCE Sènlor Sch¢)ol and Sixth Fonn The schoc4 Contin￿ its tr•*11￿ of exc8l*rKe. e¥Klenc&J ty our resulls in put4ic oxaminab'ons. Resuts at GCSE in 2024 wwe exknmely Fleagn9. Wth $I￿ents attaining an avarag8 of 0.58 01 a grade higher Ihan Ihwr eXp￿ted outcrn auoss am of tsir subj'ects. The achieves parltcularty slrong ￿su￿S arrrfjng EAL aTrJ SEND students. achieve an average of a grnde or mNe atrfwe lh￿1 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 achi￿d, outperforrnirrfj hvJh achieviNJ l¢xal state, 9Tammar and indetwK1ent sch￿￿5. 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 $ludonts athieving A. Wes compargj kn wst 9.3% nationalty. TeKhing •ndh•ming réview The rwge of Cr￿0￿￿1￿￿ar orw1un￿.ts sbjdènts have to in¢xease alongsde opportunth'es for mwe lewThThJ outside the dassroom auoss the currioJlLwn. Siudènts hava conts.nued to ujmpètè in raThJe of nab.onal and bcal r)JmpÈlrlK)ns. notsbty *Jwevirs 5LKxesses in debab'ry. Ihe K4alhs Olymwad. Young Enterprise. CANSat and the F1 in S¢*th's ccxnpelib￿. Page 8 ThE ROYAL IAASONIC SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for th? year end•d 30 August 21124 This year we have seen 3 St￿lents accepted lo Oxbi¥Jge Lmiver5ilies ¥lwside studont's gainirg pl8ces on ompetitive degree apprenti¢e pwgrams SLth as Amazon. S14*J•nts havè also 9ained pL%•s at US universib"e$. including one on a TennTrs SchoLarship. A number of slLwJents have also gone on to cornpetilive art and textiles wlleges. 5how¢25ir*3 ihe Sheer variaty of pathway% RMS Sttwjènts take bèyond sthool. The school has been fTr?Jsw￿ on arba re￿Ie￿9 the way it offer5 feedback to Stuilents. er￿Urag1￿ Stud&)ts to lakfj a gwter res[￿l￿￿￿ty to ad on Iheir feedback and take ownership of their leaming. There has been p0S￿Ve feedback Ihrough pu￿1 Vthce wilhin departments and an incre85od engag•rnent wilh feedbad( G*￿r¥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 ena￿ed more targeted intoryention. support and timely aclion where C(y￿emS 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 in￿lUCtion 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 ￿m￿￿uM 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 c￿tinUeS 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 ¢C￿tInUe u&ng the Wellteiry a fanlasbc online reS￿Ice for teachers. paT￿ts. 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 s￿￿11 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$5es5ing RMS through tr￿ eyes of our PUkx15. Pupil shadowirg, pupil interviews, SLvveys to t*)th pupils and paMts are used to help us gain further iwght into their èxperiences in a sk*ofic year 9r¢xp in all aspects ol th• SL*￿￿ arKI will htlp us to shaptr and d•vtlop the pu￿1$, experwce al RMS. RMS comffotted to becoming an Attathrnent aThJ Trauma informed schL*J wrfh training CGffjrnencing in the acatlemic year 2023124. Ba'ng more informed reg*ding attactment and traLma has pnved b￿efi￿al lor all p￿￿s. 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 UJrric￿jM 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 ente￿s• proi&t is in pl*¢ for #A Year S PLyls in c￿j￿C)￿ wlh Ms Pic*ford 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 en*le ￿1 cadogan pupils to exper*nte working collab)rydtivety ￿ 9rtyJp projects. We have futy trained ELSAS IErnoti¢Thl LewrMrwJ Sw)rt A￿St￿ts) in Cadogan who wuk w￿l¥kIUalIY wrth pupds an¢J with small idenbfied gmups to prO¥￿e wlierKe and •mots"(xHI $￿F>Ort toolkit5. Ttrws t5 key part ol Ihe Pasknral 5upp¢yI team in Cwjryan. We have worfted on our div81*ty ewty and induson kjr Wkxls %•ith an in¢xea5ed f¢xus p3thularfy ￿ texts and bc¥Jk5 that all pupils ha¥e gwd access to texts they see themsefves repr8sented. Page 10 THE ROYAL MASONIC SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for th• y•arend•d 30 August 2024 Rusplftl Hous• {NurJ•ry) Rus￿"nI and Cadc*Jan H￿se maintsin a strty19 partr*(ship, C4)ntsnUo￿81Y rewewirrfJ and refinin9 our progressive curnioJlum from FffesctK￿l to the end of Recepts.￿. To strengthen tra￿lbor6. we have d8velop9d trangbon wJticy to be Ca*r￿c￿.f￿U5¢d * introJu¢ed LY selb'NJ visit$ for now joiners. We haw adjustad thjr ambiticffi$ •a¢h ar•a of l•arrMng to bèst meet Ihe needs of ￿ c￿hOrt. Staff develcgment has been prioritssed Ih"s year. with fr￿1 members of the team ach￿VIng a vocational qualification. Ind￿11￿9 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 C￿tsnL￿d wole￿or￿ training. IMDER SCHOOL ACTIVMES REVIESY Co4urrl¢ular aeti¥ttios RMS is pmud to off8r a Mde rdngè of ctsCumc￿ar 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 C￿ased OpP￿I￿nitieS 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. stud￿1$ are 8ftt￿ra9￿. through an onlint bti¢*ing systam. to mak• th*r04vn Wdent deo"si(ms 8rttl keep the concèms dFscretdy which then can be followed up rf enO￿3h 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 pu￿1$. PLpiI 51Jrveys and pa￿nI gjryeys. The results are Ihèn rop)rted back to SLT and the year 9roup ￿11￿ action$ tsken being 1ygh1￿hIed. The Schc4)I c￿j￿11, wlh a reFKesentali¥E eath fonn gnxjp. deals ￿th i$5ues relatir*J trj student ltramin9. environment. f(*)J, boarding. Welfa￿ and charity. The cou￿7 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 frr*D 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 COU￿91 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 sc*ne thir*Js be dwged arwj are in Fdace for a 9ood rea5￿. staff Development and W•llar• TeaL*er fecnitrnent c•ntirwes lo be chaNenwg due to a Sh￿ of lead￿5 across ihe c¥unlry . We have knffilted all roles but we had to adverbse mulbple tirnes to get ltte best posSi￿e candidates. In order to ontinue to attract the b¥s( w• need ￿ rnonittjr rernunèraticm thsely. We had 16 r0dUnd￿cles during the year and that had an impact on everyryp arxoss Ihe s(knJl. The stsned a rw PwtomwKe 08¥dow￿nt 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 col￿a￿ are having a twgh time but it also allows Staff to provide anonynw￿s féedback arKJ to seThl gratibjdè mw85 to o￿leagUeS. The Wellbeing Ctynmitteo ¢thtin￿￿ lo ot ir¥batives cOrnM￿ty events Ihai 5UPPOrt the wider RMS 5tsff. COMMUNITY USE OF FACLMES £tivilies l￿dertaken rJJrirrfJ Ihe year 7•knch sU￿(*t coMm￿lty and consts.tute public benefit ind￿Je the lolloMng'. Free use of the Swi￿1ng pc4)S is offered lo Iwo n8ght￿rir￿j schools on a %eekly basis. Free stalls m* availa￿* to thantte5 * the SthJol's Summer aThJ Chiistrna5 latrs. F￿e visits for local youth 9￿p$ to the scfKol's ObsoThatw and Plan8t*ium Page 12 THE ROYAL I￿￿SoNIc SCHOOL FOR GIRLS REPORT OF THE GOVERNORS for the year ended 30 August 2024 Fr*0 use of school facilib¢s by th• Rickm•￿ detathment of the B¢dfordshire & Hertfordshire Amiy Cadet Forc Wee￿Y 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 ar￿1 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¢)$5 t>)unty, marbal arts, fenong, larxosse. gymnasbcs and sollball. The Ssths Centre out of hours management was managed by NLrffield HeaNh but as of 1 Oecember 2024. it is rnan•Jed by RMS directy. Th8 scP#)d hosts a n￿lber of dislnct a￿1 nati)nal C￿ebts￿ls. aThJ in IKdiday per￿ts. SLwamps run activty weeks tr local chiklren ￿1r￿ Ihe sthool fadibes. FINAN¢IAL REVIEW Pupll numbers The prinrypal fvnding sojrce ofthe Charity is that derived frorn its fee incryne. fv charitat4e acts"￿ty of thè company is 8￿11￿ ol pupls and dLth9 Ihe P￿"Od to 30 *Affjust 2024 the loHo*vig numbers ol pupils attended.. Total Senior Schr 729 pupls T<)lal Pr¢-Pr8paratory arnl Pr¢par*ory 189 pup Total Pr&schocA 55 pupls Bursary Fund- Consolldatlon RMS Bursary Fund is a separatety cortsliiuted ¢knty. with the obiecltve to pro￿d• fées assislaneè to pupils W￿)se paienlslcarers are in ternF¥)rary finanoal diffufty {Hardship 8ur5ari¢sl. or lo itK)se forwhom attendance at RMS would be of mutual benefft tmrt T*hose [￿an￿al srtuabcffl othep•A8e prethd8 Ihem from ihss opportunity (Entrance 8ursariesl . The fnJstees of Ihe Bursary Fund are all Govemors of RMS and as the IYKJ tharibes awe under common management. For this rea50n. the resum5 of the Bursary Furbd have been ¢on$olidat¥d wrlhin these fir￿ncIal statements. Financial p•rfomianc• The C¢)nsolidated Ststement of Financial A¢bwl*s ISOFAI a sixplus Ic¢ the yeaf of £997.406.12023 showed a surplus of £1,805,987). The wnopal C(￿tr￿t￿ f￿l￿S 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 inC4*n¢ ts thè ￿ar indud*d 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￿ sW￿lficant 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 h￿her rates wwe a￿thed. 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 re￿rnr￿ 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 typi￿11¥ 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￿$￿.￿j gio keep her at Ihe Sch(KJl in b.mes ol unexpeded finanoal (Irffi￿lty. In Ihe Finanoal Year 2024. a totsl of È1.124.067 I2￿13.. £9)3.4031 was aWa￿ed in xholarslN"ps aThJ bufsit by Schoc4 to 130 gNls12023". 1261. A further 3 wpils L￿efitt￿Y from assistance of £29.365 via Iht RMS 8vrsary FuThJ 12023.. £19,770 10 2 pupiLsK A ftjrttw 312023.. 51 girfs were supported by the Royal maS￿1C Tfusl hy Gids and Boys amwnlmg to £118.485 12023.. t128.ia61. RMS also C￿rran1Y educates S thildrnn fidty knde(I by a kncal authth. R*muneration Poli¢y The Sctt￿ does its QknfnoF5. The Go¥wws arg ￿ponSib￿ fry deterM￿ing the remuneration of the Head. and for setbng the pjlw frameworft for the ￿￿neratiOn of the rest of the scho￿ staff. R8rnunefatK¥n is sel in thé rontexl of the Sthool's puryws. aims values and to rèflèd the skills, eXptrrier￿ and Cr￿petenc¥e5 require(I for par)'cular roltts. In seth'ng rernuneration. the Gov¢m0￿ also consid8r a nwnbèr of athjib.onal faCt￿S induding an m¢JW￿Ua￿'S contn"LwJts"on. affordabih.ty and rnmuneratKJn offered by se￿￿15 of a ￿rnI1¥ gze. age range aThJ locality. Reser¥•s policy The tolal hjnds for Ihe ended 30 Auwst 2024 £7.664k12023: £6.667k}. of wlwch £1.757k12023.. £1.503kl were restricted fvnds. £16k12023.' £55kl We￿ en¢￿￿ment hJn(ts. leaving t5.891k {2023'. £5,109kl as unrestricted funds. ￿rth￿ lh¢ unrestrthd lunds were £2.797k 12023." £2.722kJ ol fixed assets 1•a￿Th9 £3.094k12023.. £2.387kl as f￿ ￿$èr¥8$. The Sch￿1 awns to maintain adequatè free. wreskncted re5eThw to resp)nd 10 unf￿￿•n èvents and to n￿t up lo 3 rnonths. nt￿￿ls(retionary expeThJiture (appY￿Mately £3.9ml. This prnv￿es sufficient time to Page 14 THE ROYAL MASONIC SCHOOL FOR GWILS REPORT OF THE GOVERNORS for thg year ¢nd¢d 30 August 2024 lo￿ an emergw ￿annfft9 team, ¢Jwfop plwts lake t￿ nscess¥y measures Io ￿$[we that Schod w conlinue to operale suc£eS￿￿ty 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 r￿leW8￿ 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 te￿n. However, the balar￿e 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 L*alltrnging 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 accompan￿￿9 cash forecast, togeiher vmh the kng temi strategic plan and the level ol admissions for 2025126. As SLh*, thg GgverThys bel*ve the* sd)c*Jl ￿ alle to manage tts bu$in risks svccessfijlly and that Ihere are no materiar LwKertaintres in appI￿ng the goirvJ concem basis for the preparab.on of Ihè accounts. RELATIONSfrMP WtrH THE RMIG ENDOWMENT TRUST RMIG Endowment Trust is tr* landlord of Ihe land and knilding5 that RMS ¢)miwes. FIMIGET'S main a¢tiwty is applyin9 its ￿$￿IC*S for any chaiilatAe pUr￿se ConfieC￿ writh RMS or Ihe educalion of its puptls who are daughters ol E￿ish 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 re￿￿￿iShMent including: rebjrtsshment of the Ce￿ing 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￿ b**lr¥J of fepaws to its infrastfucture that have built up over many years and VAII wIc￿tise the deVelow￿l 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￿ s19r￿d 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 Ic￿9 term tenure on the siie. h a150 facilitst tho school's IYMIe￿h1p of the repaws aThJ Man1&￿￿e01 the assgts Ihe ol whth were •weed as part ol thè ￿0ti•ll￿$ are c￿￿eled. CURRE14T AND FUTURE DEVELOPMENTS Th* 5chod retains resF*)nsibilii*s for Ihe internal decora1￿ of tho sp¥e$ arwj 0¥gwes th& inv8sknent in Ihese areas. In summer 2024. the schLxI refuth"sl*O 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, I￿￿ts.￿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 refu￿tshed 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 ag￿ement ￿ 31 March 2016 entering into an r￿cure￿I agreemenl with RMTGB tg allo¥Y the school to tw ¢yrt tts I￿till￿ felating to ihe RMTGB Staff Pènsion sch￿. The loan is Oj￿n￿ 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 ACC￿ntir9 Pracitsl. Company law requires Ihe govwTh)rs to prepare fmaniyal slatements tr exh financ￿1 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 ￿e￿urceS, induth.ng aTrJ expenditure. of the charitatAe company lor that pericd. In weparing those finanoal statements, the govemL¥5 are r￿u￿¢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$tenty," obseNe ￿ methc*Js aThJ wnciples in the Charity SORP.. rnake judgernents and estimates thal we reas￿able and kxutht.. pr8pare Iho finanoal statements on the goirvj conc8m basFS un18SS it is inapwopriate to PreS￿e that the ch¥ilat￿e company win ccffitinue in i￿￿neSS. The govemors are r8sponsit40 keeping prop8r aCc(￿nti￿j rg)xds which disdose Mth wsonable accuracy at any ￿rne the finan￿￿ posibon olthe tharilable o)mpany and to enable them to ensufe that lh$ financial statements comF4y with Ihe cor￿nieS Act 2Cth. They a￿ also respon&ble for safeguardtng tr assets of Ihe chantable ccrfnpany hen￿ ftK ￿a$￿atsIe steps for th¥ prevention and dètection of frau¢J and othér Irreg￿0nD¢s. In so far as thè wverrm are awa￿. the￿ is no rdevant audit informakn of t*hith the tharitable cornpanls audilrys ￿ ￿#waY￿,. and the governors have taken all steps that tl*y cmjght to have taken to m*e thernselves aware of any rdèvant audrt in1(￿MatIOn and to esiablish that lh• aL#litors are aware of that infomakn"on. Approved by ¢yd8r of the tM)arf of govemors on .. .... .. and siwed ￿ its t>ehalf by: Mr S Stsit¢ - Chair Of Gowniry BrAy Page 17 THE ROYAL MASONIC SCHOOL FOR GIRLS INOEPENDEKf AUDITOR'S REPORT fof the year ended 30 August 2024 IMDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF THE ROYAL MASONIC SCHOOL FOR GIRLS Oplnion We have aL￿lted th8 finan¢ial sl*ements of The Royal mason￿ Schwl For Gsds for the year ended 30 August 2024 which cvmprise Ihe Group Statement of Financral ActNit¢es. Ihe Group and Parent Charitable Company Balance Sheets, th8 Group Cash Ffthv Statsment and notes to the fmancial st*ements. including a summ8ryofsignificant accounhng policies. The financial re[￿tIng framthvork that has been applied in their preparation is applicable law aThJ United Kingdom Accounth"ng Standards. including Financial Reporting Siandard 102 The Finan¢ial Repcyting Stsndard ¥p￿iCable in the UK and Republi¢ of I￿land Iuniled Kingdom Gener81ty Accept￿ A¢cwnting Practice). In our opinion the finantyal *atsmgnts'. give a true and fair wew of the state of the groL￿'s and the parent charitable company's affairs as at 30 August 2024 and of the group's incoming ￿soUrCeS and applbcabon of resour¢es, including its income and expenditure. for the year then ended: have been prO￿Y prepared in accordance Ibrth Unit*1 Kingdom Generally Accepted Accounting Pra¢lice- and have been prepared in accordance V4iih the requirements ol the Companies Act 20C6. Ba$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 ￿j￿Iled our other ethical responsibilities in accordanc8 Wth these requirements. W8 believe that the audit ￿Idence we have obtained is SUff￿lent and appropriate to provide a bags fsx O￿Al￿. 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 identif￿d material ¢Jncertainties that may cast SIgnifi￿nI 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 m￿th5 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 in1￿rnati￿ and. except to the extenf otherwise expliciuy staled in our Tepm. we do not express any fom) of assurance ¢(￿lus￿n the￿on. In connection with our audrt of the financial statements. our rÈsp￿sibl1ify 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 aP￿ats 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 requirens on oth¢r matters pre5¢r11)￿ by th¢ Companits A¢t 2006 In our opinion, based on the work undertaken in Ihe ccxjrse of the audit.. the infomation given in the strategic report and the trustees. annual report for the financial year for ich the financial stsrements are w8pared is ¢onsistent wth th8 financial statements". and the strategic ￿pOrt and the tru$tee$' annual report have been prepared in x¢ordance wrth applicable legal requirements. Matt•rs on which we ¥Tr rewired to report by ¢xeÈption . In the h'ght of the knowleilge antj urtd•rstanding of the and parent charitable company and its environment obtained in the COLwse ofthe audrt, we have identyfied malerFal misstaternents in the trustees. annual report. We have nothing to report in respect of the folknwing matters where the Companres Act 2006 require5 us to report to you if, in our opinion-. the parent charita￿e cclnpany has nol kepl adequate and suffiC￿nI a¢wunb"ng records. or retums adequate for our audit have not been received from branches not visited by us,. or the parent charitable company's financial 5ts1ements are not in ag￿ement wth the accounting fe¢cKds and returns.. or certain disc105ure5 of truslees. remunerab.on speufied by W are not made., or we havè not received 811 thè infom)atM)n and expL4nalions we ￿qUITe for our audit. Respon5ibiliti¢s of trustws As explained more lully in the trustee5' responsits'lities staternent. the trustees Ivtho are also the directors of thè charitatrAe company for the purposes of company law) are respon&ble for the preparation of the financial stalemenls and for being satisfied Ihat they give a true and fair vw. and for such Intemal ¢ontrol as Ihe trtjstèes determine is necessary to enable the preparation of financial statements that afe free from material misstatemenl. ￿1her due to fraud or error. Page 19 THE ROYAL MASONIC SCHOOL FOR GIRLS INDEpeNoeNT AUD￿oR.5 REPORT for the year end•d 30 August 2024 In preparing Ihe financial slaternents. Ihe tru51ees are resp￿sIble 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. Rea￿nable assuranc8 is a high levd of assuran¢e, bErt is not a guaranlee that an audit ¢orKlucled in accordance wth ISAS IUKI wll a￿ayS 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 InflUe￿e the economic derision5 of users taken on the basis of Ih$se financial statements. As part of an audil in a¢cordan¢e ISAS {UK) * exerrAse professional judgsm•nt and maintain professional ￿eptIcIsM throughoul the audii. We also= Identify and assess the risks of material mis51atemeni of Ihe financial stalemenls. whether due lo fraud or error, design and perform audit procedures responsive to those risks, and obtain avdit evidence that Is sufficient and approw.atè to provide a basis for ouf q)ink)n. The risk of not detectin9 a material mi5slatement resultiThJ from fraud is higher Ihan for one resulting frryn error. as fraud may involve collusion, forgery. intentional Omissi￿S. misrepresentatsons, or the override of internal control. Obtain an understanding of intemal conlrol relevant to the audit in Order to design audr( procedures Ihat are appropriate in the arcumstances. but not f￿ the purposes of exp￿SsIng an opinion on the effeclivene55 of the group and parent chawilable crynpany'5 Intemal control. Evaluate the appropriatenes$ of o¢c￿nting 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 O￿niOn. 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 v￿Ik has been und8rtaken so that we might stale lo the charilabk Company's mèmbers those matters ￿tt￿h 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 Inc￿￿0 and expenditure s¢*ernentl forthe ar ended 30 A USI 2024 TLx•I fund 23 C*AE 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 ewd*y4ff*M* 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￿$10n ￿e•se Mwgalrs￿￿￿e$OnerrfS 39Y.X2 79a.460 17 100 3.115 414291 1.UOS.Pa7 Tr•slei oetwwfLffjds 198891 159471 N•1 hiowm*ht ih lund$ 782.Q 254.820 {39.420) I.IOS.987 Fund ￿lanCes￿r￿U4￿tIgr￿￿d 5.109. 1.5fy2.551 4 860 587 Fund ￿lance5c•1￿ed t￿r￿rf 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 17*7.1 1721.997 797 2.731.997 knvestrnen*J 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 REoifc*s AmtyJntsr¥kng w*ve 14.463.697) (4.923.•301 NETCURRÉNT ASSÉIS 4.9e2.611 4 611,915 65fj.•36 7W3 ?.￿7.1*3 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 1.757￿71 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 £833.8l8130*￿q1tstZo￿.. ￿r￿￿É1.757.j9Il Mrs biart¢ Go¥qm￿9 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$4.bS 2.180.941 393.694 25.461 112.664 14101.•MI 11.067.696> 122.637 24,612 206.164 dends ￿￿Ved PpymEntslD%WWEf￿￿￿5SEts PAymeffltstsacwYe Inve5trn￿ts j199.5271 1 788 960 2.330.e•Q I￿3.41?) Ftes ￿ *d¥Ar￿ stheme payrrtrmdkes {19.5721 972 372.409 Cath 4n¢u$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¢r￿￿￿￿￿E. V•W411F 1.1 ￿sIs (F PREPARATION The fininci?I stalThnTs ha￿ pr•pwod F•lar￿ ** uKar￿ (FRS 1021. The cnwibNeCowny isa beneffl￿t￿l￿ th• FRS 102 Chty4so FThPAfEd ts fbianc￿ &Lil£mEnts ac￿r01￿ce ¥Mth Ststementd Per￿m￿l￿d Pr￿￿ar$*4tIe ryeparry •XtyJntS *ith the FSn•i(il Reportyr4 StandaT¢ the UX¥nd Rqpu&K k*and {Tr* FRS 102 cow*s saRpi. 4Gt 2LW &)e Chan¥e5 2011. ewfrrt Tr4oie 25 Whth h#enWI• thE 1rnpa￿ of the favixed IEa5e. SI￿ sepwawy tyi the the Fiwc4 k*4ts due io the maten* nabJr• cl lh• tr*75acion. th¢ nD¥wwnd. i theCW*¥•￿kI 2ts￿ artd 4pF*atle ￿ s*￿JardS wl theVr•2d ￿thyn. ￿￿ries. whth havEbEen applied ￿￿j￿￿￿¥t1r. WeSetwtb￿. 1.2 GOING C&YCERN sban￿1¢On1d0￿bl on thè rlthpch¥tstle £<￿￿n. The9￿¥￿ aSaLuM￿nIf0r a FthiDJ atatle15tL¥ SLthAS uTri*es. f.3 pREP￿T￿aN OF CONSOLIDATEO FW4ANU4L STATEIIEIITS JO Augusl 2024. These Fttyd •Aascit Sclrnlkrc￿￿o￿SthyFUfvJ. a thanty￿uthr 1106076. IA INCOMING RÉSOURGÉS qvalltsfied wth rea$offlab￿ Fees rt¢O-4*e are $t*ed *r aknaw. otr*r rernwi￿5 by tr* SEhoE4. fyJt 1.5 A£5QURCES EXPENDEO 1.6 ALLO¢ATK)N APPORMONMENTOF COSTS th•y￿1￿￿. 1.7 TMGIBLE FIXEO ASSErs FI￿re5 l 10% 5tr0b)htl 25%str¥3hth IA IN￿ESTMENTs reAIsEd 94insand kA5e5 dNF4Js*5a5wEI a5tr¢ ￿￿ts$e$ thwhtyJlthe>tar. The uttrealised gains oil%ses rewtteffllth• drfterEnce*etween mirkaivaup irrflthp bxk the dth. yo￿￿￿t y1Tr5 LYk)ssesare trar6leffed IDtreK£w&O¥i¢¢ tsr￿. ThEftyw•frywnr¢*£d thErelLVE c¢Ay An ￿01¢abOD 1J STaCKS Str*sare s*d 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¥v*nt5 cash in hwd. *tc*l ¢ywd mawii¥es olthreo rr*)nlhB 1.12 FIMANCtsLASSETS injtrumert FinBfttr*assets #nd *E the( tr*nrt•mwts we¥¢nt¢d fft ihe siaiern*)ts.>tsntrwe tyht racosn*•Jn. munton initi&l recrynOirAn. 1.13 FINAJ4GW LIABILl￿E5 are atfwrv4ue. 1.14 TAXATKJN I.IS FUND ACCOUNIING 1.16 EWLOYEE8ENEFITS ¢Y*pwdeIerrnY￿tKJn 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 wmpan￿5 Pc4￿. the Bow¢ rnlke lLtyffl*￿. estima*% ¥btyJtthe tafrying penod$ The anhu&l rfepreual￿Tr d￿j equp￿t c*¥4es in tr* esbm&lvJ usthl e(wO￿ Irrt5 and rnshYu¥ y￿￿e$ nW¢rJ lth*s i￿1￿9 the CL¥r•rt t*rt wg dthty. tr¢ agry •¥rfrKrKfj. 5qq nolp 19 fLY nEI amoyntofthedebtrrfs. J LEASEIIITH li￿ E14f)OllW£NTIIIVST 16 June 2023. the Schtss 99ned an *a￿l￿6>￿. I Septyi*w2Q20 31 ￿j￿U￿t2￿26 Thi •5e IndudÈdthe a9reEffltrltd a ￿ffl rffee pematrom i se1￿2020.31 &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 I￿r￿j(￿s lea 4 FEE WCOME The Schad'sa¢D¥5•es ar*C￿ed￿l￿tr￿nthE UK 2023 ?1.￿.961 1116.1371 19.558.753 (731.6391 (903.4041 LES5". D￿llL5 Lw." 19.661.2S7 17.923.S10 Bd thvakne *£159.471 rthlad 30W*t2D14 ¥MI£150.15T ywarended 2D23. 24 2023 140,925 180.349 47,85a 32.442 Otherm(ryne 42.$7J 260,619 $ OThÉA IfiC￿lE 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 ar ended 30 Au U5t 2024 7 I￿$T￿£￿TIN¢¢ 2023 Inter￿ Te¢¢N4d &594 122.637 24.612 419.062 147.249 ab)v&￿£s.579￿We5trK￿lLkn￿￿ JOW￿4 45.501 30 ALyust2Q23 8 DOIIATThS NJIDGftANTS 24 2023 Dar￿￿34r￿j omergr4nts 309.7S2 248,031 9.294 257 J25 Ihdud¥dwthM ￿£234.0?9￿￿eStr￿￿<*)￿i￿s￿ts>￿JA•tst2D24 *fvJ É161.117tOrlhE yeartrthd 30•4Jgust 2023. g COSTS￿ iALIING FUNOS 2024 2023 S,623 $623 I(1 CHAR￿ABLEAc7mn£Sc0sTs Totsl 2024 (r￿ 12) Teathing Wdlare Housekeeplrwj Ca*rry Costs s.￿6.?18 951.353 693.443 9,780,161 1.057,94• I,X2.861 5,234,718 3,074.306 1,*2.851 3.524.5fj6 l.J22.766 SS.168 )2.4aS 1.751.S40 907.676 Fmartcp4ndAdr￿ThStr4kn InalR 11? 12.592,097 7 $6S.J89 907.676 21 16S 182 T¢tAI 2023 121 Tvthir fare ougekeewng c*ring Colts Premw And Es*tes F￿ance Adrnini5tr￿￿ {nrA2 11} ¥.317.aB9 859.357 633.6ti ,951,500 gU.334 1,865,473 4.17S.700 2.463,354 1,865,473 2.631,138 970.816 56.51$ 1.146 1.492.528 743.418 11.470.930 6.242 53D 743416 1J 45É 878 c#herGoVem￿ce CallXirdLhle 2024 3023 ditLYS' - Audit Fees J•,910 23.599 3.26S .359 .ther lJ72 5J56 Pago 28 The Royal Masonic School for Girls NOTES TO THE FINANCIAL STATEIAEXTS for the ar ended 30 A U512024 11 FINANCE ANO AC*thISTrAIK*I Fn*ice an0￿m￿lS￿*boD 2U4 2023 lTandtdeWrnmu￿ca*¢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 Te*ehnp 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 thetharitydL*ing thè ¢06ito ernFloyry E1.364.3YS12023."t1.261.J161. 14 PEIISICIIS APTIS Wlribulilln schErne Istse￿O¢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 sW*xdstrAYryatthB year end. 16 NETIICOIAE FOA ThE 202J NetinctyTre &ststedafterthorgfflg'. EWe￿al¥J￿ rflangiLlefix¢d assets Loan In￿rn$t 907.871 74J,416 19.572 166.244 1￿,230 PwJ¢ 39 The Royal Masonic School for Girls NOTE5 TO THE FINANCIAL STATE&ENTS for the ar e￿Ied 30 Au ust 2024 IS TANGIBLE FLXED AUETS GRtyJP AND scMorA VehK Totsl A131 Au9U512 Athtt*ons DiSP)sals 2.749.642 424.367 121.227 4.Y2.512 623.329 7.413Jl• A130 *dJgJ%tW24 3.174.1)Jg 141 227 5 18S.041 181.077 Deprea*on'. A131 AugJil2023 Charye lorTrYar 1.444.937 320.175 57.576 3.148.471 627.541 4.691J gJiJOS At30￿￿¥￿t20 1.765.112 101.66$ 3.816,412 5 685 189 Netbxth vauE." AI 30h4uSl 2024 AI 31 fvJJAv$12023 2 721 997 17 INVEsnEN75 GROUP 1024 2023 cosihf41uAt￿ Al31 Auwst2D2J 938.729 92.512 (t12.Wl ltyJ.844 940.139 199.527 (208.1841 144,7731 PUS￿% 1112.6511 27.662 13.429 2D14 2￿13 co$￿al￿*￿an At51 2023 ditiuns Dispo$4s 150.490 23.552 (27.799) 160.722 29,438 {28.472? 23J62 127,7•91 co￿￿￿11￿]￿ At3Q P4ust 2024 5.271 5.271 2,791 153 2a1 151596 155 995 186 630 30￿￿jst20￿4 * a0￿4￿¥ W2J. AIJO*J4ult2024. RUS *wJ1*14bWe*bxi**eLrf£1.rpJo{2023". t1.OWI. Th¢ indLththo **RUS8wury F Ptye 30 The Royal Masonic School for Girls NOTE5 TO THE FINANCIAL STATEIAENTS for the ar en¢Jed 30 A USI 2024 17 IN¥ESIMENT5 ThryfCl￿1ng frt•Str￿t￿a$nll1&d￿ S%clLhep>Wth?¥41Je' CLIL￿b￿ Fd CT UXEgty L GBPC*5 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$1 230J11 &Q671 46.611 175,792 1102.0771 16.750 614,603 19.261 erdebtty5 PrBrAyrneMs and4cctUEd IrawnR R14ts Efithy*wtT 1.746 6.74$ 19 CREoirc¥is hp AmtsJhts 1o1*ig Or￿ y. 202) 24 2123 Tradeueotorj T*aton a￿1 s0oolse£*Dfy￿8 FEe Depj Fees In adV￿ce Other cndrford Attwalj and deferred In￿ RMTGB Lotttl Al￿￿J￿*duetOg￿JpUrdtstr￿ 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 AdY*it& 2•24 2D2J 2•24 2Q23 erLwhlfwrds Rde•5ed in year Rece￿ed 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 ￿hr￿1 2•24 102J 2ts24 Z023 159.311 .933 1213,51n ?.JJo in￿r 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 dUe4t*rNK)￿th*￿I thie ￿. RM7Ga Loan Brcrfditts Srthodfee Fe*s in ad￿ 110.3 304,389 252,388 1,028,852 404,$33 110.JI* 1fj1,259 304.3B9 2S2.388 1.028.952 404,53> I.X•.61T 1 1 99f1262 21 STATEMENT OF FVNDS SCHOOL 31 •AWI 2023 Tr4nsfer Gw At 30 Fur￿ 2424 5.108.783 Pl.138.0161 19fy.891 399.292 S,J90,7•4 Re$tr￿x•a tur￿$." 2CII.171 151.365 2la87 &575 118.069 S￿￿815￿P Fund Cadoyan Fur 41.J72 311.152 1159,4711 ,•5J 392. 2Jg.614 1159.4711 414170 139.420) 15.120 SrMarahipFund SS.240 139.420) 16.820 5.556.931 .W.253 IZ1.139.816) 6,JYO,779 saryFwd 1.273.201 Toill Gr￿PP￿ 6.666.574 21.669.624 {ZI.172.3S4} SOD,136 7.6U,910 Pw3Z The Royal Masonic School for Girls NOTES TO THE FINAPICIAL STATEPIENTS lor the ar ended 30 Au ust 2024 11 STATEMENTOF FUI#)S ICONT) A131Wt 22 At 30MJwst 2023 Trnnrf 6CIIOOL F￿d5 (knè*e%i Unre$knthJknd 3.314.4 19.240.237 (1tt.4J3.24 IX.847 5.108.783 Campwyn Benjwnin Thtynjs ￿￿k￿en 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 En￿wMe￿Iund$ 8ery•Thn Th¢¥r•s *gLlden IKOM 55240 55,240 SS240 Totsl Ichr￿1 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 l￿￿*11St0 It￿lsed ¥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} (2,375￿1> 1.031.363 726.OL 15.020 11.321.224 (S.952.7VI ,375.5611 Culf*tti￿bthtse1 ToiAI net•sset% 15 2024 Totsl fvr lund Tartoibleftyed assets Inves1m￿ts 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 as￿0 17 GIIOVP 2023 Toi•1 ReJwieO T4ryibl&fixad ¥￿trn•n C￿r￿nt 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 $5,240 rrentassety 9.3QO.D74 (4.923.O>Jl (i.S9D.2621 termli*JlrfoES 3•2 908 S 556 931 ZJ C(*IMllME14TS UIIDER OPERAIIMG LEASES 2024 Land & 2024 e• 2023 nd8 2023 1,197J76 13•&7 166,244 1,197.876 3,593.626 139.230 104.013 Je ber￿e￿ ttvoand fi¥e￿r$ 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 W*ice sheHtdak£NI12Q23 £11I)w45 dull ETrjtrAy￿Tru￿ thp>*W£1.197.￿S IIOV". £1.197.870lwaspA th* Sthwl RMIGErth*mwrtTr¥$tn Altr* b￿￿¢t *heetdate.• wnTh*rtd£46.4Wts{2023' £ts.921 the RMS Burn￿F￿r￿. 2$ COllTrf Th¢ cr￿￿n¥ ￿lI￿rted by5LYr*￿ ￿ Il F¥E5entrnwthsarE E¥eryTn*nber LrftheCLVn￿ll￿ ￿￿rtakeS1O c4itritpJte*Jtr* a￿ts￿the ¢mp4nyinth*¢vfjntofthe x¥ne ￿n¢ w whk he ￿ a ty*ithin bE a mEmLEr.lurth*payrnEntofthEdEbts and l￿bil￿e9 ¢1 Lhe C4)mPWy