2023-08-31-accounts

The Council of Milton Abbey School Limited ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 August 2023 tyAD368W50' IS05r2024 COMPANIES HOUSE CompatyNo00531I74 HeRisitrcd C￿￿¢11¥ 306318

Contents Detall Page Governor5. ftep￿1 i-ii Audiror's Report 12-14 Consolldated Statment of Financial Activits 15 Consolldaied Balante Sheet 16 Compaw Balance Sheet 17 C<M)solldèted Cash FFOW Statement IB Notes to lh¢ Accounts 19-33 iompatylttJ005321174 fto¢i&Wrd Ch*iilyNo30G318

THE COUNCIL OF MILTON ABBEYSCHOOL LIMITED GOVERNORS fiEPOAT INCORPORATING THE STRATEGIC REPORT AND THE DIRECTORS REPORT FOR THE YEAR ENDED 3J AUGUST 2023 Cornpany Oeia115 ftL'815ILYod Charlly NurnbEr'. CLunpany Ao¥lstraiioo PJmbtr- Rcilslered Iyflce: 3JB C(b532174 MllionfiblySthIK4 Blandlotij Fofum l)or5e¢ DTIIOBZ lames Wè150n Illonsl FCAPGCE (hrk Barne5 Bh I￿r￿s) PGC(. siophvn Lano BSC IHonslACAPGCE Tracey Edward5 Heittm•sterliWPOlntod 091231-. ScnlorDcpuiy Iload lappDTnlcdOgn31.' Flnanir Dircctor.. HeadofOwratlon5'. rho Council of Miiion Abbey5chool Lkniied is a (￿lI1able¢0mpanY lovnded in and15 #OVQIn￿tl by lis Momoranoumand Ariicle5 olA$￿£¥alloTrd8tQd 12 Aprfl 1954. Tbehabbllllcs of mcmbCrsarellry￿ICd to El In iotal by¥varanlce. OlrE¢ews and Tfus¢eEs Mr l G Dromllow Chalrof GaveW¥￿rs.- Ch)IrGo¥emance Commiiiec- Chalr FinJncc & Gonoral Purposos commit￿￿.. Leèd fjO￿1nOT SafeKuaidln¥ & 51nglo Cothiral Ro¥i51or. LeèdGtsvtrnor ftisk& Issue Managcmcni EIucaiioD Cornm4¢tee.' Leod GovLYfftor 6￿rdIng DepviyChoirdGovLYnor5.' lead Gavtmw Heallh ajid 5aleiy. Mombergffillanco & Goneral Purposescommlticc Lead Grpleinor Farmand c¢)untry¥ld￿ Ihan38ÈmtnL Le40 Governoronfine 5afeLV Lcèd Govcr¢w Milton AbbryA5SOtiatlon. mombEr ol Finantc and Genowai Pufposescommiiiee m￿rnb￿r ol EthJcationCornmiUte lead Gov¢Trrnor 5Et4, Incmbor ol Etlucaikn Commltieo McmbLY ol Governance Cfmmiltoe h0olv￿ll0r & Stsifu•lson Mi r4 SBoul¢on Mr OJ N Chambellarffi QVRM TOOL I l Fr3mpion Dotior R S l Ni¢klnson MISBS fvIRf.GP Mft K4 D L Moyce MC51 Mrs 11 Pcrry rsVCPPrior Mr N KG Tomlln ODE rho RovorÈndCarK￿ r.w Mitc￿l.1￿￿e$ M PROFE5510NAL AOVISÉRS 50IICITOR WilsonsSoliciiofsLLP Alexandfa Nl￿Se Sl lthn'sSEreet SallsburySPI 25B Iliiiclay5bank J Churthill ouy Wharf London E14 SHP AUDITSERWCES WaidGDodman SCI¥￿05 Iwnited 4 Codoi Park. Cab￿￿ Roa Fcmdown Indu5triol Estate WlthboifiE. Oorsot BH2I 7SF INSVRAPICE Ot¢OKER sh CommLYcial Ca511emEid LNerCasiie5treet Orisiol BSI 3AG

THÉ COUNCIL OF MILTON ABMEY SCHOOL LIMITED GOVERNORS REPOIIT INCORpofiATING THE STRATEGIC REPORT AND THE DIRECTORS REPOIIT FOR THE YEAR ENOEO 31 AUGUST 2013 PIJFIPOSE AIMS AND ObJECnVE5 Tho canipanywas osiabllshEd for tlie purpl￿ QXPfLLYI and obiccis ￿l￿oI￿lId kn115knraRdum ol As5ecioiion. YhLkmajn cliarilablL aili¥Sly DI tho companycon¢inuE5tg bc Ih3t ol rul￿1￿¥ an day and b￿rdIr￿SCI1Dol for ￿v5 3ndBirl5. Our chiel 3rnbillon as a school15 lo be the lirsl•clioiceinknndenl bDarding SCI￿1 lor yOUnE PEDplc whowill benefil le¥¢niry dlflL'ionlty. Alrns and ex ociallons Milton Abbcyworks io bo a ¢ommuDiiyJnwNch ea¢h InthvKlualls knowry undoisLocJoftd rc5pccic(l and in WhIc￿. kkndnc551sctnl¥ol erslty aN4diff¢rcncearL' ¢clobialL41 41 stand wi forwhat rh￿ knowto bc il&hi Wework to makc a hcalthy.salo and poylI￿￿%P¢rterK¢f0t all. piitiril15kn¥: - WL4lbchi¢ joy InlcainlAK - success. In and beyond Ihe tlassroom Wo Temove barrlersto learning.. ouw focus is •lway50n'ppr>yBI bc51' C￿men¥t Is hlgh and pre55yie ismodciaic wc bvlld self-belleFand amNIi Wt dovebp confldonce bYprowdl￿'. the broado51 posslblo choice oliourses of si opporiunllies anooxpciiencos dosiintd 10 bwld coMpeien¢e mtnLorlnusnrludin¥ ptrsomliied lar￿t$and È031s reachors ènd housc team pm¥l6e iheidtèl bjlarfe ol supwi and thallonge: rhev wll= knowènd caro lor Individualpupils - urnleisiand afid rospoThJ to Ic4rn1ns n¢xds ekpotl.encL￿fa&C and tclthateollorl Wcwll ièadi how 10 iakt t¢)Thirol of lile and Itarnln& u￿or$Ia￿d and mtot tommunity Qxpttlations - have tho too15 and sliatLYiQ5 toie8ulale IhLwllsdv¢5and tL>a¢cessany help reded rinL¢ enihusiasrn. ditotlionand wrpose Wothinlin pavincrshlpwlih wpdsd their larn11￿ Milionhbboy fo SCd puwls inio tl¥e wwkl roady and io makc a differeKe'. - kiKMn¥and undorstaTrJinKthcrn%olves - ablc toconThecr wiihoihoTsaThJ make o rmi11￿COnW1b￿l1on irr¥1stlb￿ et7)ployablo and A pleasuro lo know Wowll respect all p￿￿1$. Wc expea pupjls to respcci ¢hernth aryl Olhofs andto.. Mak¢ klndfje55 1hclrcorncr51one - £onirll)ule. partitipaio. (I￿lIen£t Lhen7soI¥¢s elvo ol iholi best (fi all that Iheyéo To a¢h4cvo th￿5￿ IhE n￿x¢ fivo years. 751h•tynivetsary In 2029. Wewill focu50n fDurkty rknvtlopm¢ni Al foostablish MUwAAblw astheprem1or,w￿kIJss(QnVQ l¢JrieonaBQ learningdo￿l0￿￿ 81 To thE uni4uo 1ourth￿nL*dS olovrpup15 al Iht I￿alL01 schoDI lifo Cl To doopon aur communhy tnmmitrrnnlsto e4ualily. (lvcrsily. inclu5itsn, susiainabilliy and weifbdni 411 DI To maintasn finanual stalN'lityJ￿I trowlh. 10 SVPPOrt st1￿1'S ambltious alms foidovolopmeni

THE COUNCIL OF MILTON ALl8fY SCHOOL LIMITED GOVERNORS REPORT INCORPORATING THE STRATEGIC REPOIIT ANOTHE DIRECTOR5 REPORT FOR THE YEAR ENDED 31 AUGUST 2023 STR ThL4 ll1LYrb￿•r5 DI Thccouncll ul MillonAbiy 5ch)ol Llmllcd I"IheCDvrol-I constitiiic t1￿ fsD8rd ol GovcrThJrs ol Milton Abboy Sihool. sublotl io the wovisions ol tho iompanvs andAriklc5 olh5sgclaiion. All GovernD¥5 alL& also Tru51oLiS affld dircclors of the Co¥ficil. Ncw lJoo¢d mcmbtrs arc syhl bythe(harrmart h) cot15ultation wlh o[￿rG0V￿Morsi￿ tsrdcr la provido a 5uii¥ble balancc of ecncrol ÈxpoiierKe ènd particulai expEriise acadeffliG posloial. ￿￿&1. linanaal afftd DI￿1 idcvant lield5. Govtrrthors ale eivon ivifodwlorytsflelinEtytJ￿ cha11r￿￿oI Govcinor4 I￿.ad3Thd scnior man4Rers on appdnlmEn¢ and volunlecrlor lurihtrEovcrn4nt¢ irainir% throuÉhAGUISand ISTrA a5 rcqiHrcO. Salosuardine t¥0￿1￿815 providcdprior to taking up appolntrnont •nd 411 Govomovsreter¥conEolnE solryardihÈ iralnlnE oppropriare tothttlr iolts. Ihe Ch4rlty has èvjholtyownod nDnTh of ihe lollowr%winciJJal Ossand urKeria￿I￿s boon d￿￿$￿t￿d ro tht li51od 5vbct)mmiiioo5 though ultimatQ mSgDnsklllly fesis ihc Eovornl￿ bDdr. Follure 10 8OVLYn corrcctly Folure 10 oducaie adewatelv Failuro 10 ￿ro&V¥10 pup51 wollar¢ FAHuro to mainiabn reputatio￿)11r?¢lal￿ rci*rtwo Major Incidonl Suth as a pandomic oi fire 8egulalory noTh-¢ornpliance Mator froud or Ilnaficial mlsmanJ8Cmlelll WKler p￿IliCo1 and ecoTh¥mlc latlors (iovLYnaDcctt•mmirree Ed¥caUon comrniEioe M commillees GovcrnlnE èod all commiiioes Flnonce & gth0[￿ purposes conimlllQQ Atlcommlitfos Flnance& Eenoral purposescommiiiet Go¥ernin8lN)dy

TIIE COUNCIL OF MILTON ADBtY SCHOOI LIMITED GOVERNORS REPORT INCORPORATING THE SYRATÉGIC RÉPORY ANDTHE DIRECTORS REPORT FOR THE YEAR ENOEO 31 AUGUST 2023 MANAGEMENT Th¢ day to dav wnrineol Ihe 5rliooli5 thlc'. Tho co¥￿nOr5. polty. In lkne with that OfoLh￿ independoni stli£ds, ts io makc Ilieseawaids based on iht individual's oduL71ional poiQnlial. hwards a¥egonorallymado Irom uiireAricied andthe n￿￿TIl¥ •re Ivndcd Irom Inctyiio. ThLwe Isi po¢t"cy to Enablo attessand TO rcljovo hardship where the puyl's cducaiw and fviwe pr05wcis %YoiJld Dlhorwisc be ai risk. Il MiliornAWY Communlly F¥nd,esibbllshed •s a roaciim to tho lithanc¢al impaci ol Ihe Ctp4id.19 pai)dornlc, h35 contlfil 10 provide Ilnontitsl 5UPPOlt topupils who may br ai risk ol wiiM¢awbl Irom the School on linèncial grounds ihou811 the scopcol tho luiid has sirto broadL.[￿d 10 acrommodato hardship loi icasonsoihorihan £onsequctstlal to t1￿ Co¥id-19 pondtmK. fhc5chtsol￿￿tlrrf￿ io offer a ranRQ olcommuDIIY8foup51hE U5coI Its laciliiioswhoitr posssbk. lor SCI￿01 and communl(y swlmmknB makiw w¢ol iho sviimffli￿pOol 3•d a local propsthool usosinE our sporis liall for thctball. We ￿71$0 roiiiinued to h05t loLal foorb311 rugby clubs loiour usual annual toDrtyafflonf5. as woll )$ wek(xminR thNsot County Crtckol Club lor aac Érade And soThor ffl4ich¢s, itamsolallffondois. t>Jr 8011 coursefomttinsopcn 10 Ihe pybThLauiside DI Lerm timt. wltli 0 5implcpay•as-yoiiffo ￿Yment. as Dpposod lo a moMb￿rs￿￿pSO1V1cQ W¢lhin tho 5poriS ￿￿￿1rtmen1. Y4Q ￿71$0 mèko manyor ourcoachc5 awèilablo tolocal club5 andyaups. l￿Pe{la1fy in rugbyand crbcket. Wo W￿r0 delliied to hDSt aEiiln 114syear iwo schools'trosseovnlry runnTrn8 o￿nts. wh(ch iaisod funds lot wttitl)o¥ anorgani531ithn supporllnEYOU￿ peoplo's Ment￿ liealth. wh¢ih meathsa ¢rcèt dcal tolht sthool£ommuniiy. As￿rt as fadlillos uso. Siudthts ol ihox(Ib)d pwiiclpaiLxf In anunworol charilyirdlJaiios w ralsefuDd5 lor vèrlous ortan1￿ll0nS wNth Intluded.. 24 ktourTriathlon In aid Df thE 5choof5 75lh Fund Chr15tmas Junipor Oay lor Crisis. Pecombcf 2022 - rt whole4chod sponjorodwalk. In ald ol Period Po¥eity VK andskrum. Otcomlr 2022 Cross country TYI)rt5n8 o¥on15in aKI olwiu Ik>¢s. January aThl March 2023 Wator SWIMM￿ in aid ol LLVtI Wai0¢. Juno 2023

THE COUNCIL OF MILTON ABIJE¥ SCHOOL IIMITEO GOVERNORS REPORf INCORPORATING THÉSTRATEGIC REPORT AND THE DIRE￿0￿$ REPOIIT FOR THE YEAR ENDEO 31 AUGUST 2023 PV8LIC IJEIIEFIT tvnilnued SE¥Eral I￿L￿rnl￿1$0f sioll It cl asGLwwnorsol knal Slalu malni?In¢dxhoDl4 wjth Iho 5chool'ssvppvri Iii Iravo wovldcd iu diiLYd ni00li￿$S aii¢fovontsasrLwkd. sclttil liilscswilh Ihc 5•li%1￿ry Ixocest ￿ Ibo care ondd4y-tv-day admintsifoiion ol ihc(huich ol Sl Mary &SI Mlchèol Sl Branwalador. Milion Abb￿y. wliicli Is as IliesthDol's cha￿1. Wc are dclightcd w 5UPPUrt bwiolico sttvicvs lu¥ Ihv lotal communlly monihly and wt iilso lacditaied djocese ilain1￿ lor the Sotsiliwest Rtsrèl Vkar5 Network. In ftwlherancoof Ihofjr obfrcclivcs tho G¢¥ornois. os ClwityTrusicos. havecompliodwlih Ihcif ￿￿vIn tho Charliics Act to hèvcduc roEaTd 10 ihEChawily Cofftrn15slvn's ttthLiral arwj fcltyart subscclot￿￿d￿￿(t corKeinkn8 ilieoperaiionol ¢hL Publlc Benefil roq￿rLiM￿￿t vndtr Ihohct. REiATIONSHIPWITH ofHER CHAR Thoschool 15 lorturHtc to havo the i￿nefit of IhE 14bboyclwrch asils chapd and as a rcwurce ol8rcat slsniffica￿Qto tho wollbolthg of Ihc s¢hMI cOrnTr)u￿Ly. bocatsstol iho boa4Ayand lilsiorlt•l Imporiarto ol Ihe bu￿￿n8 115ell anrj lis influoncc ilio thos and ieinfortcmtnt ol tho aims and objtclivts ofr tho ￿h0O1. Iho buildiE 150wnod by ihe Oloccsc of Sallsburybul Ihexhool Co￿ributeS Ob)propriaitly to 115 main￿na￿[0 and Iho knildi￿ i5made fwottyTè¥ailablc lo the xho(I forworshlp. communaltyhiid Indfviduèlly. mèrryothoractivillcs. rbe sthwl. In pJrlncrshlpW￿b 0￿Cese olSoli51xryarkl (he F￿¢stry cornm￿$10n. has lomittd Iho Mllifyi Abboy HEriiagr Trusi IMAHTlwhoseair75art 10 manaze the restorationof rheAbbey aThl Jitf¥t￿￿1lors lo IlbE hisiofiE siieinwhith the school aNJ 14bbtyare siivaled. YhtTru515cEks to stcuio yoThls iocwy ovtlesioratlon woi*s on lh￿￿b￿V. Improve publit acce5S to Iho Abbryand prolect t1￿ lartIs(a￿. ACTEVlllES ANO ACHIEVEMENTS DURING THE YEAR ChanEe of Hearfshlp Afteclivc S￿¢¢$51￿ years1ead1￿ Ibc schooL Ihe Hoad. Mrs.Judilh.Fiemont-Barncs.loparteO in Au&usL 2023 ic take VPihQ POSI l Head at Sl Paul's Colhtdial Chofji School In london. Follow￿ o leomu5 Sclecti￿ process by Ihe Governors Mr.Jan￿swlisoth was oppolThleO 0$ ihc lcrth Ileodmasl¢r ol Milion from 5cplcmbei 2021. Mr. Watson Jolnod Ihe school in 2019 2nd hès pic¥iou5ty $c￿ed osthc Hcod of ￿l$tory. Ollear￿n￿ DovCJopm￿nt and Lhr Sorblor Oopuly He￿. Prio¥ to 114$ Mi. W•tSOD Wa5 Ih¢Se¢ond M05toral BrycrnAbbry 5chod in Oxlordthife ond b￿￿ore￿￿tell￿g tho toachI￿ pro(essin hewas a r4uallllL Chaitef¢il 14£caunun( w¢h a I3-￿arra￿trITh fIna￿¢￿d Iw5illts.

THE COUNCIL OF MILTON ABBEY SCHOOL LIMITED GOVERNORS REPORT INCORPORATIWG THE SYBAYEGIC REPORT ANDTHE DIRECTORS REPORT FOR THE YEAR ENDED 31 AUGUST 2023 CTIVIYIE5AND ACHIEVEMENTS WRINGTHE YEAMlcontioyed) EducatlDnoI Qualliy In5pecIio In Morch 2023 School was I115PLicied by Ilie kh¢)015 th5pecloraie. wi¢h 111¢ 5dioDI ffL'¢oNod thc, hlghL'SI possible erading ol'l"xcollortl'. In both Educatio￿ Quaiii¥caieeorws:,l￿9UoIIly01thy purlls. JcadcmK olhcr ochfjovemonts. and'lhL' 4ualityol puplls, pErsonal tholopmenl.. The Reportingln5PQCtordEscrlbod iho 5tudcts she mei os'3ly501ulC 51ars'. It was knrlyio hoar about th￿r couriosv.encaEornont erlhvsi35n7 InshowS￿ IhelrschDDI ènd tholi work to ¢n5W￿DIS dwiThgthe ￿91. KeyFlndin¥s ol thc ieporl werc.. Tlitr oualiyrfihe wpils. Je￿on4C ?rKlolhcY aehlLvty￿nls1s￿x£￿￿. o Y¥pils. kntlvdinE tbose ￿th SEPID. make extcUEni academlc pro¢toss Irom Ihclnlrièl siaitsnB po￿t5. o Pwls dcm0nsirateexo￿¢$ ekooutnlly. Pupils ￿aM to bo inrtycn¥crt In Ih¢ir apwo•¢h rowork and undtisiarnllho to ièke iesponsibillly for Ir own learnln¥. o Pupils. trbformatson and con￿￿0011￿ntechndOe¥ I￿1)$￿1$ aiccxcollont ètyj ohen tXCCWlonal: Ihelruscof ICT 15seamlossand Inteural lo ￿ornIng. Tho ouamf olthtr ptr￿k, Pefsooal dLvobpmofti is excellont. o Pup115 havo eN¢ollenLsclf-undCr5l)ThII￿Z a wcll-do¥dtspcd5tnse ol scll-WDrth. o Puplk domonstfaic a strong sonse0fi￿l and andspeak wwhon thEYsee Inlusiico. o Pupi15 takc rcsponslbaliyfor Illr tthviourarKJ ar¢quick iothilengo thEir p¢ers th Ily show èAv Intolcrance ol otliLY> o Pupils are cxtollcnt cots1)ra￿rs anoellertfvely work togcUr to ach1￿¢ wmon ¥oal& o Pwibétrmty)siralenotab1c¥pprecti￿ w¥lfespeei lorpEDPte Irom dille￿￿ tdlg1o￿èndC0I1Ural baekgrtyJnO5. Com￿[0￿(e Inspettloh and Prow5$ M(wwtoiint IMspe¢iio Th¢ Marcl! In$￿tIl￿n also looked at al arta5 of ow stalut¢)ry1 fwiher ils provtsion. ¥￿th lutlhLY additio1￿1£Ouns¢il1nI hours proL*dod to pupils. as well wpErvt5ion for stslf mombur5. olpnEsido a ronge or0pportu￿rlts lor sialf todEvolop ski¥5. on￿ plour N(sireslafl W¥75 tiainod io in51rucior lor'moiitsl }[c￿th First fild. tyl5ull￿1h￿ we now hève tho lacilllv lOtr31n a larw numbef af stall in this ouaiifiLilion 10 olfer moanlnBful wpll support. Rtsldeoiial reircals have becn olfcred to htyjsc andycar eroups io (￿s￿re1h•t pupil wollbolnl trs supported tymeanlnJ¢lul sodèl timc 108eihef with Iheopportwlly io Wd conftdonce. 5ell-esioem and rolaElonshlps Ihrou8h ovidow cducèiioii.

THE COUNCII OF MILTON ABBEY SCHOOL LIMITED GOVERNORS REPOAT INCORPORAYING THE ￿RATEGIc REPORT ANDThE OJRECTORS REPORT FOA THE YEAR ENDED 31 AUGUST 2023 ACTIVITIESAND ACHIEVEMENTS DURING niE YEAR Iconlinvodl Pa5twal IcoDlinuedl IDllnewlth our ccoiral wrni•iimcvi io soltEuardln&we Th)w I￿Ve ovcr30$14flvllh saleEuar(lryiralnln% ai Lovol 3 throu%li tho Pan Oorsot sar￿￿u01dl08 Chiklrcn'sParthetshlp. L'iitnthne INS irolntngio 41 Asslslant14ov5emhiressos and Ass15tanl 14Duscmastors. All itrathcis aodlk)usc siafff VI￿e#look sptcific Iraining lo suppoii t1￿ saleuuardlne Decdsol SlLideiit5 wilh speclal educ",￿10nol th￿d5 aryJdis4blliiks. Ensurlng Ihalpupilvolce Is Ihai SI￿¢￿15 havtewotyoppN¢w¥iy ￿ mpaci iheir and loarnire U%￿ronM￿l. have ¢Mlinutd to look ai the posstylllles Iotle¥elap Iwihef ch4Aoels for pvpd volce5nckndi￿￿Tr ethh3ncod Food Comrnilloo and 'Ilourtd TablL.', dL.¥1SL'd by Ilcad Ooyand Hcad GtsL 10 ÈrrfcA dLmg¢raU¢ fo¢um in whith studgnl5 raisc and vgto ori maiio15 01 lThlLYQSi. AcJdcmlc 2022-23 (￿leS￿wa detorrnined réiufrboft tht pait OffthÈG￿nrnQnT io pro-panoemk iewlis p•iiwns whlchfesylled In dips In most of tho koy métrics lor acadomk puformii nccau05s Ihe counLiy.' varltsuscommeThtator5 noiedlhai Ihls 5hlfiwas nol In Ilnowllh thedlsrvption foll in formatNQ l￿ucation by IhE wpllssltllng Ihis ￿Tre. Out re5LdiS were In lirtcvAlli Ihls national shill. willi poilitular Imp•rt folt bv th¢)sc pup115whDSQ profilc5 p(aced thoni on keywade boulidarlcs. llic in[r￿#V(L10n ofeNarnined Ossosynoni xrus5 bolh lovol 2wd Icvt13 BTEC also had arb Impacl. ￿hD￿h rosulls rcmainod above iho prcdlcilons mad¢by Ihc CAT4 bttsolino& bTEC pthss lar￿5 rvluriiLxllo wo-pandcmiclLwcls. wilha 0.2 ¥•lue èddcd a¢1055 bwh lev[45 01 DYEC GC5E pD¥ lates W￿re supressod. wllh a do¢rÈaso In 0urva1ucad￿d ty4erall. Ilowever, tho pa$5 ratC$w￿¥¢OXa(l1V inllno wlth natlonal 118urus, ¥ivirycontoxt 10 iho oulcumos. aryj pLi¢lnE tho lar8e m•lority of5thools ac(QS5 th¢ country. At th￿lOP0A iho sce. wc sow an Inucèseon prodi¢iion In baih GCSE ano OTEQ wilhGCSÉ ¥iade$ 7-9 comlng In 3X abowprcdtclionand DTI.C Siitxlion 8rade$ 5eclnG ail iiicrc¥5tol 17% abo￿ prcdic¢ion. Particvlafy stroog rcsult5. wih pass ratcs In cMces5 tsf 85%wore sten in Phtrlogiapliy. Covniry5idc Manaeemothi. Ilosr¥ialXy andSwJri. whh Wtrrfe alwswih8i pasl￿ ithcreas￿ in the Award su¢cessrate. Al A LovclAevd 3 OTEC siudents othlewed aftovera#eol 31 wlDls per subFeCI lappmx. C#rado al A le￿1), seuin& a ro&Jciion I linc willi ihe nailon￿l pklure 4a5rt51 Iheprt￿OUs ycaf. ￿￿deN53¢h1ovrd onavLYaee95 Ucrts points. or aFq)roxlrrwtolyCCC ai Level. iITf C avor48e polnls wcrc orowd o grado h¥&hcr ihan A Level. valu￿ addod aholysis indirited an1nci¢aso 015 pthnt5 per 5tudont wlion Com￿rC0 wrihco8nli¥o ICAT41 bJscliDE p￿d￿lIan￿ with Itmthar￿ SEN studenls 3chlcvlnE o muchgrcalw oddÉd valuc, al irourwj a 8rad¢ 5ubjoct. UCAS wa5 Once Eain cxtrcmoly sucttssful in rnalthlnK ￿di51dva1s to ￿nd-piCked Coursos to mai¢h thcif(ntorost5 and leainlnE roqulremon15. All st￿le￿Iswere pjacod ès •ppwopyièieto ihcir a$praiT￿lS. ?Ih ?9%xhlcvlThE Iheirllrsi.choice ouicomo nd IIJM Ilielrlirsl nr sccon¢J-Ehoke4)uicome. As cver. a faxi4141in6and thvtsse fiinee oldtstllloiiitins and courses included lil al CeJiif31 Sl Marlins, Land Mar￿4¢M£￿t ai nryal ￿Er1(uk￿ra1 Vr¥¥ersily, Filrn ma￿14 ai ihe Wofihorn Fllm 5cliool iii iotd5. Opionioiry ai ￿ymO1￿b. Iniomalion.iJ Tourism MènaEonicni ai Suiioy, Sport Ma￿#enIent 01 VFVCS-Iliu8e4 lnirrlor14rchil￿cIltr￿ Ai stol iME, EcorK>mics ar Hohonhoim-slulwrl, Hospilafi(v ManaAomenia¢ EHLkn Swiiiedand, and Intwnaiional Esports ManaBQh)ontoi tho ￿wtyQpcned co1￿8¢ of Esports In London. In wricaiNn%Dcvclopment DeporimeDI. thc IrJirri•4oltvrti twiicncLYf toarI￿S as 5ENCo4 hè5 aNr)wod I Intreb5od 5pocia115tsupporl. with nowspecl.4i￿Dg in dY5C￿CU1I3 and mèths-basod suppoii.Tlils shlfi ha5 a150 4llowod our Lead 5E14Co lo adopt hcr rtslo 10 bo more ¢aWtlod. us io Intov¥cfic ca￿erWI117 pu￿1$ In a process whlchMrfII ho￿l￿11¥s￿pp￿t 51rowroutiomo5 and btiier choictsmakinE loioll our wplls. The siiaio&es inimduced o¥cr rhe pbsi ftyvyoiif5 ate now well- eslablisliod in roJr tEachir body. wilh SCN-friendfyiind neuT05tiento-ithfOrft￿d￿r0o1Cd inan onE￿TrE serle5 of Ifalnlne se551or providod by ou¢ Load SE14Col toachini tethni4UQ5qthckly bc£oming ihe norm aCfOSS the sthool. Alonyido ihc 51oif Ifalnln& ¥ie ha¥t<onlinued 10 run wdl-rccoNodpaweTrl wEbinars on a ol Iupkslt)￿InE svppofllnEvour chlw IhrouRli e¥amlnoiioiis and Undor￿andin8 AD140. ClaroRTrad atwJas%Klated soliwaie 15 boinKadopicd across Ihe ond we lia¥e 5tOriod to run11 across a wdof ran8Eol asso5smonl )1 nd examirtHiiontonie*is whlch 15 alhwlrysiuden15 10 dryclopllrcaior i1￿￿Pondence.

THE COUNUL OF MIITON AUOEY SCHOOL LIMITED GOVÉANORS REPORT INCORPORATING THE STRATEGICREPORT AND THE DIRECTOR5 REPORT FOR THE YEAR ENDED 31 AUGUST 2023 IVITIES AND ACHIEVEMENTS DURING TrIE YEAR{continved P05toial Iconllnuedl ThL. Thlrd Form CurrKulum lobe rcllnc4 ba5odon stall and Sludont fcodbaiK. (hls Pfoef4lmmo provithsan Imporiani loundation yw lor ow &ICatlLiiViC￿￿LlV0C31￿unal GCSEIBTEC low5Q53￿ enabJo551udcniS knth to Irywl new wbiLYts thoy havLi 1 yot ewJof1ont￿d and ro rc¥i5I1. with ioaihinc and Icarrtne3pproacho5. corEsubleciswhtch thLym3y prch￿0￿S1Y hove lound chall¢nEI We inicertie new Ihe xhoDJcommuwty ¥5a (apablliiyPioErnmmo whi¢h ha5been fur1￿{ supported by tho mll of DTonie D)It across ihc ihlrd form ¥hih theCapab4iiy Serwce b¢1￿ mobtd ro latc¥ in Ihe term lo allow lor lts11￿0$%e$SrnQrt4 of e4¢h of our put41s and to allow them 10 really Ilnd thL4r lect Ill tht ¢ornmunilY. FeL.dba(k pJrLYIts and pupi15 has po8btivo ènd Ilio SLlt¥lce Itsdl is a rual hhKK)ini of ihtytar. learolnE bcyond Ih¢ cla$5room continuodtts bEan rnwani of ouraradomk provisltsn, ond In addirion to maklng Ihc best POS5iblo uso of Dur rith on-yt¢ rosour<ts lor loainln& studonts bE￿Ar0d from a host of irlps IncI￿Ing Fllm ond TV 10 Ihc BSC Cardill Sivdlos. CW to th¢ Oosr6n Musoum. Fa51worlo thcvktorig aThJ Albort Museum. Phoiouraphy and Goo8f•phy io London to uiithrtakc documéntaiy •ndrcsca¥thprojct15. and 11o5pilalily lotheSiurrninAei Newronchcese Fcstival ah?￿￿11111 a range ol hotels and rtsthitiants Altor a sutttsslullltl. FaslxDn aNJ P￿)I￿grap￿ry Iiipto Bedln. we ale now looking fgrwaid to cr0$5- urrlcvlor trlpto Parls ttsfurlhcrbtoadtn tht Studonts. horiROn Currt(￿￿rn InnovaiK￿lSon8oI￿ wilh Ihe ￿trUd￿rI10￿0( a inCrMThwlwln rhc 6 forni and Animal CarE in IhE4 5 form. The changcs iQVOtsllonol ¢d￿tIOn Ihai ovci th0comlDEye3r5￿ll be slrfnili¢ani aThJwo aro loolnll lorward lo thedialleDRc5 and opportunsiies ihol they￿1[ br. Tlit Cocurfkular yoer3mmo ai Mllion Abbryconlxx￿ to oflw • ianstof opporiunilles lor pupils, I￿sPOr[S piouramrnt ond I￿0v8h wookernl and cvening woyèmmcs. aswcu as our we￿￿￿Y aliL¥ro)cn acliwLy pro¥rèmmo. In5pirod by Iho Round Squiice D15covory Framowk. Sport contifiuos io be a 51re￿th￿I1b at leasi 85%olallst4thnts-aM thoscwbovJ15h to do so- regularly reprosonLIII8 IIIO liool In ac¢Mipcliti¥e lxtuie. tho iemaindor prelerfini io enjoy a broad praÉraftimo ornaTr￿rnp¢tI1Ne sport. Pup(15 take part In sp¢vtsand activllle5at Ic•g low timos3woek. irKludiy. Iradilional school sports such as ful￿. hockoy. DCtb•ll lacrDSSQ, ericel •nd ienn15. bul also Bn irnpressiwE r3nBEof vibranl allornorive5 such 15 ppifiihe 5choolh•s It50wn 9-hole EOII courso. xoll shiiulaior and ono-to coaclitngl, road tytllnR li￿ wlmch rnaInIa￿ a LQ3ml and mountain hiklnL cl)ypiEew shootinr, 5wlinmln8. 5)1 Ilkng romainsovor popultr. vAth WP115 havinglhe OPPU*liiniEy. nol 10 comwro in retilllas. bui olso 10 ach￿ve Iheir RYA powcr Iwtln8and dav Sk￿p￿ q￿liA(al￿n￿. Wo pl8¥fixturo5 ID awIder•￿e of sports OD i sironKurtwt ol sclKA)ls and ￿￿1. Ow lo￿ball 5chttlafshipschomE. oporatod Iii assock)th)nwth prolesslonal fooiball acadeniv thampioii Sporls. COJllSnues lo altiaci a5piriiii foolballors. Tlio Annual CyclinRAudaxll0￿ di5tan¢o louil tht mosi chall0￿InE YQI Wlth S￿11 ••dptspils travclliry ¢Yc( 3￿￿ffi offload In Ihrccdays £arrylnB all theii belongioES. ZO% DI schoDI's pupils took ￿lrI ￿ a 24-hour rrlaihlon to raise nionLy loi a major rolurbsshmeniol Ilie school Bym. Th0￿ relu￿lSh￿o￿tW0S￿Mp1QlOd In Octobor 1023 and ha5botn a lieai additlorttoour piwammo ol sport and at¢iVities.

THE COUNCIL OF MIITON ABIJEY SCHOOL LI•AITF.D GOVERNORS REPOAT INCORPORATING THE STRATEGIC REPORT ANO THÉ OIIIEcfoRS REPORT FOR TIIE YEAtI ENDÉD 31 AUGUST 2023 Aal YIESAND ACHIEVEMENT5 0URIN6THE YEAR Cowrriiularliontinuedl Mllityi AbW5Co¢urrirul31 4¢1ivIU¢s oif¢r h cLintfLJd aitsun(I tIK'wL'l,￿YL￿¥Illl8 acLlvlllL4S pfo6vaTriiiiLI, ds woll as t￿￿ Routxj 59LtrOtLI WtdnL'sd4yaft¢rrrf>on actiwi15es. ￿[h provrommcs oller a y￿￿¢v?￿l￿¥ ol ac1￿￿11￿S. a mixtiiro of sporti￿. ¢ullLiral an £{eaii￿ dclfvlllosoii offLY ￿¥Lry￿Ycni￿. 8ench B311. (loxercise. Book Club èhd EswTrrts some examplLlS ol tho Evenin pruiramme.The school Eym is opcncvery oighi ènd Is Very pop￿01 vjilh Ihcpupi15. Woha¥e 51reTr6thwryJ our weU-e5tabli5hLxI link5 willi Do￿lIester R￿sbY(1￿b and ha¥c Iwecd new IiAkswSth Pode Hotkey Ouip. rhe Wedno5dayiifierTh)on WOErnmmc Includos a ￿￿￿e of land-bascd oplK)n% 5udi as Clay wgoon5htsot¢￿ Robotlc5 ond Programrnln& and lile Drawl￿ whllst iho 5choal ￿ntIr￿leS tu run a sWCE55ful Comijinod Ladct FDrtoJntl IIIL. Duke ol Edinbur%th's Award proBrarnffle. All Yeor 9 51vthnts takc parl in a rerm ofccF DnlDinir¥ ihe 5rhDoI and ¥rt tsilLYo£I Iw thc. [￿ke of Edlnbuimh OronieAwofd, 4v1415t 5Uver ond Goldariract 5ieThficJni numbors of $l￿d(￿n[S each ycai. powAar £oniblnL.d Cadei For£0 cwiinucs io ollor rhe cado15 a widc range of expor1onccslnthjth￿rllle and p3rachuie IralnlnÈ. OogWalkin& Rv¥bySovons. FashlunSllls Ule tawlnK artrothcrpopu1arwodr￿dJV aliÉiMon atll¥ltlEs. The￿11001 of(ers porlormkn8opk¥)riun111¢5 In W51carn1 OrJm4 Indud￿8 durlntt Ebi5yoara Wholo school piodu£troTrol tho WliJrd ol Oi and nuimorousconteris aThJ pciltyfflances th iheAbbey. sivdent pullk-spoak1(￿ pèrlitdarly Ihe willlii¥ Df scrmons, con(inuos lob￿ a 51fQlWIh. rhe WeckoTh¥Actlwily Pro¥famrno isvery busy ￿th e-appropriate actiwiies loilowov Schod 2nd &xlh Furm pupiK Ulotk Tle Balls. Oorn 11)nCQ5, Silcnt Dlscos and F?￿Y-DresS ParI￿sale vcry PDpul7r wiihour 5ludont body on 5aiu¢L¢iyNiBhlS. On 5tsndays. a dc ran¥c ol lrips and aciivitlcs lrydude ore a¥aiLitrJe I￿ludIng trips to Thorpo ParK Ualh. lotal Irlps to Oorth¢stcran¢J Wewnouih. and rourtiry wal SECtov challenses At Ihc IlmLbol rewit1￿ the Inrfepofideni school5Sttior laces è wmber of challtywei l)oth firbanc￿lI. surli a5 Iho impact ol VA'f on school fees should Lobour wn lh¢ ne¥1 ¢￿ttion. ¢ducaiw•l. suchasfvrure chan8c5 lo UK 4￿1&11￿11{Dfft%. Tho sthool'5 managoncnt constaniiy kecp5 abrcasi olsucli issues. whkh4rc discussed and revtewed by8ovorrw)is èl commitlco mootin85 0￿j Ihc ￿n￿U01 slrolo8ynieetln& Theschool's audilors. sdl¢iiofS andbankeisare alwronwllcd whcrc t100m￿ nt¢ossary boltsrt decis+ons arc modo b¥ xhool monogemeni or go￿nor$heavd y bbvolved kn •ny pcilinent dtcisKsns. and Iho sthDd'5 paronis, pu015 51alf I￿11 ￿ infofmed of•￿ nece550ry¢harw a5 andwhen oppropriatc. NaAL REVIEWAND RESUITS FOR THE YEAR Pupil numbois al Ihe srarl ol Iho 2022n3 acadomicyearwofQ sli8hllyl3%1 down whencompared ￿1h Iho Wt?￿0￿$¥￿￿i ai wlth tolal IncDmeupS.S%. 055￿0￿ In part ty Ihe incicasc In tho 5dwf5abililytu Brneralo anrillary intomc from lettln8 th Sthoofsfacllitie5 fwiside iwm time, followlne the relaxati¢￿ olcovid fclatod re5tri£t1ty15. FEowLvef. lolil costs incrcascd ai ¥ hiRher raie of9.4X oxtluding provisiMin8 lor bad anddoubilul deblswiih rn￿h publicised c051 snrreasEs ￿ lood. maintenanc mèterials and QllLYEy impacting the 5cliool both direcily and irtthrorlfy through waEQ fcwcws èpprnprial￿ io widcr economic condirlons. It was rhoroloTQ disJwtynfinÈ Ihhl thoseeosi wossuro5 rosultudln iho group ¢eturNnp. ils lirstdcflcll in inort than stsvtn YCilfS ill £157,54512022.. Surplus É127.147. 2021.. Svrplus E19S.904 exa￿lThE C250kbu51no5s Interrupiion clèimwhich in part rclaltd 10 e¥ertts whkho¢eurrcd r.¥E 20201- Des￿ti Ihts4JoliCtr. Ihoschool stlllablo tocomlortaL4ymooi ItslDan repaymoni oblieati)As and lor c4Jital ￿pO￿lI￿r￿ and rtinvEstmcThts plannod duringth￿ year.

THE COUNCIL OF MIITON AiIDEY SCHOOL LIMITED GDVEAhlORS REPORT INCORPORATING THE STRATEGIC REPORT AND THE OIRECTORS REPORT FOR THE YEAR ENDED 31 AUGUST 2023 r.114ANCIAL REVIÉW AND R -J511LT5 FOR TJIEYEAR I￿￿￿￿e#l S¢1￿01 sia¢ltd Iho 2023124 yeaf wi(hw&il rwtntXY5 ol 217. a 7%1rtf¢)se on lh¢ 203 enrolw Jl Ihe st&rt olthL' 12123 dc¥d¢mlcyc4r. WlIlls¢ ctssi prLissufes ortr now0bai1￿8vIl1h in[￿t￿1Th rcdutinB Sle￿11[4￿11y. IhL' £haIlL￿ttL, ltsr Ihe Z3124 cadL¥blc year is tJo¥alcd interc51 r4lLI5 tlwh r¢￿￿cknE InflatiL￿ so¢n15 to Indicalt Ihai inio¥osi ¢ai¢s may lidvi'i)cakL'd artd dccrca5os ffllthl pErhaps bc consldu¢d ￿ Ihc noar lyluro. Niwcrlliclo55. t1￿ incrcaso in r￿mbe{sho5CThable the 5¢1wol 10 L¥td8cled for a robus1 return W Stmphjs durir% tho 23n4 acadornk year. FACIUTIES DEVEIOPMENT AND FUTURE PIANS Tho school conlin1￿5 to lakL' a proocliveapproaEh rtr lheca￿01ihE f•brK0fIh￿ ￿ll￿¥￿I Ihp roquirornonl lor oTr8Oin8 enhantLirnonl and dovdopmenl laLiliiios. Our iLXtnt 5UCCe551ul 151 InsyLYtionprowdod usuful valldillon and rtr•ssLtionce regardlne thc plans rolaiiDg 10 t>)a¥ding htsuso impiovemcnts. T￿$0 indudo Iho Implcmontallonofrnodorn idcas io rrtovldc qvaliiy, complianl•¢comrnodat•Oll WO¥￿10￿%. V•thllsi mceunE ¢)urobllEatl¢yis ro¥ardihgourhwllast classifScètltsTr. Wc wlll cwllrtuc io approath thoscplaos tthythw9uah.ly Mant￿n￿￿￿(realI¥C ideas a kt¢nfotuson ￿h1¢y¥nE bÈ5Lvalue. In ltho Yih lkno SchoL4 D￿￿0Pment Plam.waim to Duriualolenhartu¥ the la¢ililles ai MlltonAbb¢y forlhe ber￿ll1 of pupil cducaiion. wdlarc #nd wtdordovcknpwDtnlty efficitntly uslne thebroad ryeo15kllls )d oxpcrionco wihln Ihp. Oporations FE3m, rallinEM ihc supporl olcxicmal wofosSb)Th45wh¢n fry￿1(0d. t)e￿I0>￿￿oni pl￿•1￿$ continue ro bo carofuifycofiyoorcd ilwou8h ow F￿￿-Year DLwelOFw￿QNI Oporational Prloritlsaiion Plon proccss. whkh pro4dos a 1rorntwo￿IorrnDn1È0r1￿1 w¢wsswd icsp0ntl1￿ ￿e￿NYt0 school kntnE5S ll¢L￿, WJW and far luliire RESERVES POLICY Milton Abberfs tone.lorm Pdl¢y is thai uniosrricled re$ep￿ fiot genÉialtyT èteum￿atO Irom year ioycar. uve Ihosc arisi due lofevaluationol Llio sihool esLate. in aniiLipailon ol ¢osts ari5111È ifi rospoct ol lulLtr¢ cawlal PTojecisor io Ilio extcni they or roqulTod to mrol Iho sthoofs dcbl Icpoymont obll8atk)ns. SU[￿u$￿5 g￿n0[al0d from ihe runnlng ol Lhe schDolwlll therelore Benorally be rEinvosttd ito the oslatE. in1r351￿cl￿rc. odutaLional prowt5Ion. Howcver, io rnitigblE ihc shorl-tcr171 rlsk5 afid untcrtalnlios ol oporatlry asan IndLwrKloni odutatIc￿al esiWishmont. thosth(x)I lèTgdS Ifeo roservo5, thèt Is rcadily a¥Dllwblo liquid fund5. 01 Etmor 1-2 mLknth's exponLbluwé ènd sorno accum￿0{100 of ufiiestflctEd reservc5 Is plonThod until Iliis ¢ar£ot I5acliiEvcd. Follownga revaltsèiion exeretsc rn May 1023 byl4lessrsCarierJryTra4 tho bookcarryinB Val￿01 I￿5¢ho0r$ IrtehDld was fjKreascd 10 Ell.25m Irom the pitvious cariWn£wli of E9.ImRWiOg rise io an incTea5o kn tho uiirea4sod io¥aluallon rc5cr¥o ol £2,083,297. Iho G¥oup's iinrosi¥Ktcd funds itrwcloit siwo at (4,858.456 linctvdiThg a feviiluatlon8ain of El.07J,8891 at thc VQiir ond12022'. EI.932.81MI. Those ie5o¢ves wholly deployed as parraf ihtxhr*)fs premise5 and equiFthcnL supplemcnied try apptoprliL io capliol laelliriek io

THE COUNCIL OF MILTON ADBEYSCHOOL LlWlYtD GOVERNORS REPORT INCORPORATING THE STRATEGIC REPORT ANO IHE DIREcfogs REPORT FOA THE YEhR ENDEO 31 AUGUST2013 TE NT 'RESP The GowtriiDIS Iwlio are 0150 thietiois ol rhe Countilol Mllw Abbry SthoDI ISnwiod IDI ihe pvrp05osoI coinpaiiy iowlaro responsible 1orprtyèrinE1b￿ GoveinDrs' Annual Rewl and Iho Finantol Slhlimonls ￿ attoNJ)nce %vlih apwirablc IJW and lI￿le0 Kln¥doni ACCO￿11￿& siwd)105 IUniicI G¢•etJtyA<reoed Ac£owiinBpiacil￿}. Compw tswrtplliltrslhe Go4emLWSto preparo sièiemLmiS lty tach I&)1￿$ whbrh vJ￿ olihE Stale olallalrsof iho di3riiHt4ecompany and 8roupand of ihE Int?fi￿￿Ce50YrrCSanrfaP￿ltstl0￿Oe i¢sov¢cos. lrfludlnciht Incon￿&1￿ cAyendllui¢ o1thefhai1t4b￿ lor thai Ibest SD•dèl $14iemenLS. theGovwnors ale iequlfedto.. . Jbservethe moihryjs in6pr￿lp￿% in Ihcchwilics SORP," . moktI￿6rn0n1s thd¢511m•tes that ave r¢#s(w4bartd prvd¢M.' - whtih¢rappli¢oblE ￿ A¢ctyJnting andards havelj&nfdbw￿.sUbIe(I io aThyniatcritY de￿1r1￿c509￿o5e0 - wepaKe Ihe flnarKIAI siaiemen15 fy7 IhSolngron￿1n Iwb5wJe5s Jr Sslnappiopriaie Ic wesumEih•i Ihe crm)pa wlll conlthue intrAJSM$5. ThE Govtynws iio iespofvsknle lor krepil8 PlOPt atfOiWility recwds th Lsflose ￿￿111 re•%DnaWEai£uratyar arw ltrne Ihe linancialp05iilc47 01 lhe£￿¥￿b￿f0mPan¥￿Trd enable Ihem io ensuye ihai ihe linhncrl slaiérYonlS <omptyvAlhlhe Companies ACI 2￿6. Theyire also iesponsiwe sale8v1rd1￿ ihe assets ol Ibe Chèriiable C￿l￿1￿Van0 Ihe GroLP. and I￿n¢t ler iakijlg ieasgniblÈ slep5 the wevenlkjn drtetlb)n ￿ liaudarKlotlr ￿le￿alIfi￿5. In 50 141 •s ihe fjDvernors are ￿¥t.. Ih(rtr isty) rdLwani aud ItlormaiK¢nol wl4¢liihe cb4riiab￿C0￿￿lDV'S audiior b un￿￿1¢.. and I1￿ GOV￿￿0(S hove iaenaP steps Ihoi Ihty ovght io have take• iomik¢ih0mse￿¢s1w4re ol any weltvthnl •Udil inloim31ion and io Q%1￿jI1sh Ih41 the ouditof Is owartol Ihoi Irdoiwiityb. TheGovefnOry ¥e¥tSOOhSJle low matMefiafKeand Iriie8fAy ollhE LtypyarÈawl loltymai￿rnI￿lYot0 on I cha¢iiable conipafiy's websiie. ie8isl.Ilion In Ilhe ib￿lE￿￿101oo￿ ED¥erThnEihepreparaitrJn ondd6wn￿n￿404 ol Iln&ntlal slaw￿￿1$￿￿ythl1ef lffoni ltyslaiion in otlv juiisdkl•ty)k IrtJCCOfdonce wlh Scciion48501 the CorwinsAri 2L)J6. a re5c￿[k￿ prop051r there appoirnlrn¢ni ol Wald G0￿Mart Mdll SoThic¢51kniied05 au(ors ioiho comoanyw•s pul 10 f￿)￿MorS3￿d oppfoved on 28 fe￿￿ar¥2024. YheTr¥51ees' Rwjort ith£orpor)linE tno 511•1eBX irtO Dif¢ciN5' Rew15VMS •PPifWLxI bviho Joard olG¢voir#irsol Ihr (ountyi ol ¥iionAbbtYSclwl Llt))*ed on 13-& M ru ￿ l o lir ond 118nod on115 bohallby: l G Bromlbw (h41 OlGo¥ern￿$

REPOnT OF THE INDEPENDENT AUDITORS YO THE MEMBERS OF THE COUNCIL OF MILTON ABO£Y SCHOOL UMITED Oplnla Mllion AbbL'V khool so￿[[Lis LimileLI1'Ii￿￿roVp'j IOT Ille￿ar L￿(,d 31 ALI8V512023 on PdBQS A5 10 33. Tlii. liiianck41 IL•PL¥£lr liamwork Iliat has appllL,d in I￿￿r pffoparallan15applicablE lawawj Lliiiled Kinzdom ficcovnilt￿ si•ndaids lilnilod Kin6doni GonorJlly&kcoplL.d hccuunliiie fvaclicol. In ow oplfjion lh Ilnanclal staiomerts.. truEand lairvtcwof the state ol theKroup'5 ar5d tho paronr charllable companrfs èlfairsas oi 31 hJEusr 2023 and ol Ihocroup's ènd Ihe p6rcn¢ch4illabl¢company's h>comlnEwsouice5 and ap￿ICall￿n ol re50Utt¢s. Indudlng its irtomcand txptnolitvre. for Ihc y￿ar th¢• ended. - ha¥0 bocn WDpoity propuLYI In act0rd￿t￿nihI￿1￿d %lr¥durn GontfaliyAcctPLtdAccowiinn Praci6cLI.' and . hw¢bvrn prrp3re(t ln accoithin￿Thth Ihr fCqUWCrnCNS ￿1h¢ (omptthski 20D6. aslsoloplnl Woconductedour audil In ac£ordarKQ wllh lrternaits)rwl Siandards on Audilln8lVKI IISAS IUKII and applicab￿ law. Ovr rosp)iislbiliilesvnder IIM)so standarLlsa¢e lutlherdcsulbtd in Auditofs r￿ponsIbIlI1￿c5 loi Ihc audil ol Ihts fithanLial aiemenlsso¢iitsn of rojr roporl. We aro iDdcpcndtni ol iho clwfilablo company irt •ttordèÈKe with ilie elliiial rtquiromomls thai ait rtknarst to our avd¢i ol the linanci4f staiemethts in Iho VK. includln¢ ihe fRCs Elhlca$51andard. and wv.113ve Idhll¢ our￿h￿r olhlcal ro5ponsd)Illtlcs in acc¢Kdanctsvlth Ihesc requiron)enls. Wt belitsvc Ilial Iht •Jdil evidcncewc havc oblolncd ￿ 5ufficlent•nd oppropriète ro pwdc o bay5 for 0￿￿nb)n. Conclu510￿ relatlrtoEolnecon¢efn Wc Iwve nothing to roporl irt iespect of theldloirymoiiers ffi relalion towthith IliclSAsllJKI iequireus to rcprffl lo yov whcre.. rhe ULrslees' useof tho#ou¥ conccrn ￿￿1501 accouniiryln the yopèfaiion of tho fh)ancial stai￿￿et}IS Is t￿1 approprlai¢,' IhetiUMCQ5 nDr disdoscdin the finanoal slaltnienI5 affividenll￿ niaioiial UrK¢r[a￿1l￿s Ihai may casi si8oilicani doubt ubout thc8roup's ob4ilytOCDnliue io otlopl the prrfcortrrDbasi5 01 acioiNlling fori period ol ai re•si mnths from ihe dolt Iho I￿a￿la1 stolcmwts accauthori5ed Forlssuo. Othir Infowmatlon Thot¢usiecsare responsible lor Iht olhey iol¢)miatkni.Thc olhtrlnlom)aiK)ncomprt5eS Iht loforrn3t10n incliithd In th nnual iepon. ￿er than tho 11thanc￿l siaiemenisand OUT Ropori ol ihc Independent Audilors thcrcon, l)ur Dpinion on Ihe financial statoment5dutsnoi t￿ri￿ othci iDftsrfflaiitinandwe do noioxpress any lorDi OlA55Llra￿ tonduslon iheroon. wnnection with oui audit of Ihe fin¥￿Id1 siaierfieThts. reswisibfjStyls to read thoollKYlTrformaUon and. In dolNa so. Cfy15Iderwhelher the Inl¢rmJiion1s ma￿rth1￿ lrtcoris15tcfil willi Ihc lirtantial slalomcnis oroul knowl￿Et obtslned i the oudll oroiherw15r appeals to ￿ maierialty missiDied. 11. based ￿ the¥wrkwehavc prylOr￿d. wo corKlude t￿71 ihott Iso malcrlal misstalonnt of ihis ￿￿orInf(Mjl1rrt weare rtqulred io repoitthat laci. We ￿1Ve noihiTh8 ID roport in ihis Oplnlon on othet mattets prescrlbed bylh¢ Companbos Act IOD6 In owopinion, bll5od on Ihowoik undorknikcn in rhecoyiso olihe atsdii.. the Inlomvtlon RNcn ￿ ihe Repwt ofthe rtustoes lhef￿ar￿4al year lor which the finan￿1$faIthn0nis 3r0 prepaied is rons*￿en[wIth t1￿ finandal Ma¢emenis- and Iho Rowtofihe Tru5tee5 has bcen wepart4 in accwdar￿￿ wilh applicawo lo8al requiremenrs. 12

REPORTOF THE INDEPENDENT AUDftORS TO THE MEMBERS OF THE COLINCIL OF MILTON AB8EYSCHOOL IIMifEO Matters ¢¥n which we aro requlied to icpori by tx¢epi In IILhrof IhE kriDwlcdttL' and undLltslan(fin#gl ihÈ8Youp and rIsth¥￿inrnent obtdlnLxlin thc COUiSL4 of Ihe outhl,WQ liavL' nui Idoalilv2d tnaltrlal ryw551al¢lMrynisln Iht Rtpori of th￿ Tvusw WL. hd￿ nothi￿ lo rL'porl kn ￿Spe￿ ul t1￿ lolhwrng maiityswht'ro t1￿ Cumparnos&lcl Z(QS rcquirc5 us i£J replvt loyovif. In Qtsf opl￿on- . ade4voie ha￿￿ been kepl otTeiuins Iwouraudil hove noi L￿.011 ￿L￿tr￿L?￿ l¥oni brnKhes ntyi ¥I￿¢t0 byvs- or Ihe ￿￿J￿131 staltrmen¢saro trMIt Irbac￿eMe￿l Y4lth Iho acmuniirerLcor(J5and r¢iuins', or £oiialii d¢scbsuros of Irusioos. roW￿￿ratrtyl specified ty Lawaro nol rI￿de.. ot - wo have not irfoi¥od311 Ihe Infom)atMJn cxpknn•LiCffiS wc requireforvur audil. Aesponslbllltbes ol tlilStees As oxplJncd moro f￿1VIl> IheSDiemont DfTrvsteCs Re5pomiiM1lll￿ sei outon pagc 11, ihe irv5tees Iwho art a150 th dlrotltsrs lo¥ the purposes olcomp¥thy lawl ore rtspDnsible for Ihc preparaiion of thefinanclal 5taitm2iits and (of belnE saiislled ihot Ihev Iruc anLI lalrvicw. and loi s(Kh Ihicrnal ¢onirol •sthe truslces dcioimlno Is nccossary 10 th)ablo tht preparaison of linandal siaiemth)ts thai are fret flom maierlal misstaiemcDL whEiher dvc lo fraud or Err￿. Itb pl￿par1D¥ th￿ financial siaietnon15. tiic IIUSILf5 are for asstssing Ilio gfoup'sJbS11ty to ioiiiinuc as a BOirt¥ contorn. disclo5￿& as applitabl¢. matters rdètod to iolng corfem uslns the iolTr8cO￿Crn basis tsf accovntiii¥ unlo55 thetru$1tr5 elthorintendto IlryubJbiE wroL¥)Ofto ttaso orhveno roalLsdcalicrnatI￿ but lodo so. Owro5ponslbNlties lor the audlt dthe finandalslatements Oiii objeclivcs 01¢ lo obialn rcosonable455uranccaboutwhcthcr ih¢llnanual srotcmcn15 as a wholc ère t*ec from matoiial mi551atemenl, whcihci due lo or wrw. aThrt lo Issue a RLy)ori of the llldcpEndtnl Avdsiors Iliai irtdudes oui opinloil. Rca5ty70blc )￿rance Is a Iiigh Ic¥cl of 355woncc. twl islloi O Evaronlcc that an •Jdll tDnLlucied In iccordance witli 1SA5IUK wi114way5 dotect 3 m?l¢rlal misstatemcni whcn iiex75ts. Mi5sl3lemM15 can a¥isE frorn Iroud or error orc consldc(ed maicrial it, 5ndNidua•y or In rhc aEEfcEaie. Ihey co￿￿ rea5011ablybc expcrltd to ithfiucnco thts tconomk do£(5iCtns ofu5ers lak¢ll ihe ba515 01 Iheso flnaroal stattmcnts. 13

REPORT OF THE INDEPENDENT AUDIT011570 THE MEMBERS OF THE COUNCIL OF MILTON A8BEY SCHOOL LIMITED Irrcpularltlos. IncludlnR Iralhl, aro insian(¢50f non<Oinplian￿ ￿th laws aNJ fe&LNaiions. We desiyn proccl1u￿ in Ilne wilh tyJi resPOt151bllllios, ouilii¢d abo￿.. lo doiocl m•iLiflal n￿$S1)iCn7tnI% Iii respecr ol1rrog￿arjtIQS. Incl￿117¥ Ir.iud. The exlent lo wliidi ouf wviodurL•5 arL￿iaP￿bl￿0I d￿L￿tIng iire¥uLidliEs. lIK1￿150# liaud is dcill IIL,d ￿.loW.. Weobt•ino¢l an vnd0r51an￿lry ￿ ihEleBal and rcGthaiory Opp￿•￿¢. io iho grovp and Ihe 5￿Ctor which Eliry opErat¢. Wc obuined aTr thdefsia4dinÈol how wjupare cvmWn¥ those ItRal iQRulaiory Ir)mtworts L maklng en4ulrcs DI manacoffleni. Wc assosscd thc5U5roplibilily ol ihc Er¢Jup's linancial SialoNDiS io moienol misslJiomonl. Includiry hDw fraud milht occur.nudil procedurl's PLirfoimod by Ilic CfVELmcnl Itam Includcd.. l. Idontifyin¥ and ossc$sl￿IhedQSryn dfodfvNess ofcontro￿ mèDèeemcnll￿5 ih pjxo to wtvont at)d deteci Ir4ud. 2. Undeisian(¥nE how lhose cliareed ¥riihgo¥ornanc¢ consithfCL¢ and addressed IhcpDieMi31 lorovorridi ol conlrolsor olhu Inapprowlaio InflueTrcc ovty ihcfln4ndal rEwIin¥ ￿0C0S$. 3_ r.Kil￿￿￿e a$5uiiipIKms and judGm￿nIS rnallo by mathèBcmeni in lis ￿￿V￿lIng tttimètts. 41. IdonlilytnB and lesting journalcnirirs in pattlcul¥r anyJwnJlehirlts posicdwlth unuwal accovni ttrmblnaiions.. ond 5. Asses￿￿ Llio QXiLiniufcomyiartt¢ with iLkn￿t lawand reKulaiwn5. Oecatrseof the Fnhcfeni Ihniiatlons olan atthL a nsklhJE WCV4il1r￿t all ifreEularltle5,induiiiThg Ihtsso Itadlt io a maierial missiaie0￿nE in lh¢ Itoartrlal 513icnienis or rtoTrcompJthnco wiih iQEulaiioTr. TN51Isk incroasoi Ilie Inoro Iliai rom1￿1￿)¢CW¢tb a lawot r¢eulaIN￿ i% removed fromthe v4cThts and Iransaci￿n$ ronetltdin fln31ir￿I staicmont5. as wo 11 bo less likel¥ ta aWa￿oI11$1an¢CS0lr￿¥o-com￿lanr￿.ThQ risk i5a1508fctti￿I fegardire irrcEulorllics occurring duo 10 Iral￿ ralPt Ihan error. asfraLKI iD¥d¥es FNCOtiC￿1 uMccalm￿l, lorew. toMusffjomtsskn oim15repescntatlon. Afuilhwdcsulpiionof ow ic5ponsiiAiifie5 foi ihc avdltolthe llnanriol Sla1￿mentS1$ I￿[￿led orythe Fin)r￿al Aeport%re Coundfswebslttrot www.fi£.ois.IWaudiiorsresponsibiliries. This dtstripiion forms pari ofow Report ol ihe Itmlcpcndcni Audiiors. Mr l Rodd OSC FCAFCCAl5enior Sièttstory h¥dI￿rI lor Jnd an bEhallol Ward G00dm•n Au¢lil Srri¢os Limlt¢d skniiuiory Audlior 11 Cedai Park, Cobhom RoaL¢ Forndow) Industrial Esitsit mborn Dors¢¢ 1217SF Oèio.. gy 2oZ 14

THE COiJNCII OF MIITON ABBEY SCHOOL IIMITED CONSOLIOATED STATEMENT OF FINANCIALACTIVITIES INCORPORATING THE INCOPIIE AND ÉXPEWDlfUREACCOUNr FOR THt YEAR ENDED 31 AVGUST 2023 Enthwd RestriEttd Unrestrirted Toial Tolol Noie5 2023 202Z Income 37.3 10 S7JJ9 12,150 Intomo liom ch•rfiat4e actTrvJtlc5.' khaol loos 7.429,574 332.4185 1.429.57d 331,485 1,159,295 2SI.906 oilicr edUca￿Or￿1 I￿￿me 8loffliss robates Incomo Iron) EEnerared ruth￿. Non•￿illary iiad?nt IJKomo GS.265 65.265 238.037 lalQJ7 199.46 Invosimont Income 3B.980 35.733 Total Incomè 37.309 124,351 161.660 7,732.601 ExpEndlture C05tscl ralsirJBfvnd&' Non ancill)ry irothn¥ exptndilu¢e FundrOisii￿ cosr5 Fknartinz¢oslS 19J.8911 1102,7d2 I360,6￿) 1360.67YI 12x8.1531 Expcnditwe on (haiiiablo xtN4tle&' andE¥ani makin8 BadatydLknJbiful dobi w0￿$10m1￿. 137.3091 17.792.5511 I36,7￿.) 17.829.870) 1?.?Y4.2511 13&76ZI 19.792 Total expondii¥fe elei Intome lewpendlturol PTÈ provlsloolnE et IncoThe le¥pend(turcl 137,3091 18.281.896> 1110.7831 1157.5451 18.319,ZD51 17.605.3541 IIZQ,7831 lQ7,1155 1157,5451 IZ7.247 UnroatssodRaiThon rc¥aluaiK>n ol fLYod Jssei$ 2,083.2Y7 2.083,297 tlet mo¥oneniin lunds Total lurtls bwuiht Iolwavd Total lunds ¢a¢r*dfvrward J,925.752 1932,B04 4.858,556 1.92S,751 3,363,116 S.288.868 127.247 3,135,869 3.363,116 16.17 16.17 112.858 111.858 317.454 317.154 hjl incoine and oxpendiiurc ale dciivoLI Irom Coniinui￿aai￿I1c$. Ibcrels nodillcrence h￿weeth the Statompni ol Finar￿lI Atll¥lllo flic I￿rne and Expothdiiwe liekwi. (Mip￿VIlQcIjS31￿7

ER1Stue￿C1i41l1Y No 3QG31

Tlie no1￿%¢￿ pa&l￿ 19 10 33 lorm pail ol ihoscxcwK5.

THE COUNCIL OF MILTON ABBEY SCHOOL IIMITED CONSOLIDATED OALANCE SHEET FOR THE YEAR ENDED 31 AUGUST 2023 2023 2021 14oles FlxedA5SQIS ranElbJE as￿1$ li 13.167.47A 11,192,428 C￿rIen1 AssEIs StD£ks Oobtor5 C45h al bank and kn h>nd 83,156 138,248 170.781 992,185 68.177 189.173 185.609 543.2S9 J3 Creditors: laHTng dutwilhin onc 14 13.945.W21 13,105.J631 Not Curren¢ Illabllltiosl IAssots 12,953,617) 12,561,904) TotalAssEts le55 iurrent li•b511ties 10.213,8S4 B,630.524 Cretlliors..AMo￿ls duE •ltts moro Ihan Dneyear 15 la,924.9861 15.2G7.40BI Nei Asseis 5,288,868 3.363.116 Flth¥need By.. Funds Endowed 16,17.1 112.858 3J7.454 112,858 317.454 Unrostrlcie neyalvotion (form5 parr of unrosi¥ied Illl￿$) T￿al unre51rlclc(I 786.fj67 4.071,88g 9d4.212 1.988,592 4,858.556 5.288.868 2.932,804 3J63 116 rhe5C3ccounlSWVQ approved •Uihorisod foftss￿ty Ihe lJoordofGo¥trfiors on I 11% M C￿(1 io LL sIEncd on bcholl bv: J_L.knl Mtl G Bromilow Chair ol ryJ¥ornors Cr#m￿n¥ No005324174 ÈhiorÈd£hariiY Nu 30631% Ihc ￿￿05 ot)PEQ5 19 10 33 loini partol thcsc xcoun 16

THE COUNOL OF MILTON AB8EY SCHOOL IIMITED CHARITY IIALANCE SHEE[ FOR THE YEAR ÉNDED 31 ALIGUST 2023 2023 1022 Nol FlxEd Assets ran¥lblo ass¢1$ In%YI5lnioni In wb5sdiary li l3.161.973 11,IBS.074 13,161,974 11,185.075 CtsrroniAsscts 510( 12 ¥3.156 112,824 8D.112 876.092 68.177 286.011 84,696 438,885 otlors Co5h a¢bank lrt hand 13 Creoltws: Amovnrs fèlllnt Jue wilhln ¢neYcar 14 13.82&9141 12.5.9991 Net Cuiieni IUablllrle51 IAsse15 11950.8241 12,557.1141 Tolal Assets less cvrreni Ilablliiles 10.211.150 B,6l7,gOJ Cfedltws: thouois fa4inK duoaf¢er more than ontY￿ar Id.924.9861 15.267,11071 Nei Asse1$ S.286,l64 3,360 S54 Finante4 Fur￿$ f.fidowed Resiricrod Unre5tdcted ftEvalvaiiDn (Icims￿ri ofumr5tr￿¢d re5erKs1 Total ￿lest￿lI10d lJ2.858 317,55 112.ASB 317,454 183,963 rt.071,8¥9 941.650 A.YB8,592 4.85S,852 5.186.264 2,Y3Q,?dZ 3.360,554 Th¢se a¢couniswefeJpprovcd Jnd aulhDrfscd trythteoard ol Gr￿￿n01$On slEne¢l oDhs behalf by. Mi 16 8¥omllr ch￿rMan ofGovoinors Lonithiry NO￿>53?4? Ro$i￿r￿￿Ch￿rlIYNts s￿318 Tho ntsios on paros 19 to 33 formparr ol thoseacroun 17

IHE COUNCIL OF MILTON AOBEY SCHOOL UMITED CONSOLIDATEO CASH FLOW STATEMENT AS AT 31 AVGUST 2023 2023 1022 Nctca5h Ilows fromwrty1ingatii￿IIos Inter¢st pakl 19 117.921 1360,6791 29l27U 1228.1531 Cash Ilows fvominvostlns a£tlwllSes Pvrcha5o ofequlpment Inierc5t ¥Lice*4¢ lJ98,7621 3Y.980 1190,0991 35.7JJ r4oi cash flows frorn In¥ostihR a£￿¥11•C5 1155.78ZI 115tl,3661 cash llow5froffl IlhirflnE artl¥fjtSEs Aopaymonl 471 borrowir nepaynioni of t1)rrowr￿S IIna￿elOaSt NowborIth￿nÉs undcr fln0￿¢ ￿Ose Ncwtyconiiacted earty fc¢ twymcniwrangemonLS RL￿￿tI￿On inunconirKlcd 3rKf uiilisailon ofWniratt￿ I(￿ paymtnis 1185,5371 1234,3581 117,585 51.135 Z74.I52 1185.5351 96.19J 61.ylu 599.445 Nel cajh Hows fr¢yn IlnanclnK xilvltks 23.2Y7 385.195 Nei IrKte8sellde¢reasol In cash afid casli e4ui¥aFents 1379.169 194,946 ia5hJnd cash eqL¥v31cnts al th￿ bv8winln801 1190.386) 1485.3321 cash ind cosh oqul¥alonts It thoend oltheyear 1569,6491 1190.J86 Rècantiliathn io c•sh ai bankond In hand: CJ51i al bank and lfv hond ank o¥oidiafts 170.781 1740.4301 1115.609 1375.9951 Cosh and cash e4uivalenlS 1569.6491 119Q,3B61 ¢4wany NoQD53217rt ¥SIwLyIChaiily No3OG31X twtosol)p￿ts 19 10 33 10th part of it￿3£¢￿nIs. 18

THE COUNCIL OF MILTON ABBEY SCHOOL LIMITED NOTES YO THE CONSOUDATÉD ACCOUNTS FOR THÉ YEAR ENDED 31 AUGUST 2023 I ACCOLINYING PQLICIES I LL'gol lorm Tlic'seaccounLs1)rL'sEiit IliL consolittatcd in10rfflai￿Th olylio Courtil of MilloriAbDcv 5thuDI limltt4 a rogistLfL'd Ihari¢V 13CJ63181 Ind a lknlrcd companyincoiporaicd lil E￿I￿nd and W31c51(X)53147dl and it5 whoW¥0wn￿d sub5tdiary. Milion bbey SchoL4 Se¢TrhcL% Limlted, a limyied companylncoiporaied In England and Woles l(N13387711. tlolh eniiiie51iDvo Iho reB15lcredollk*-+thllon Ab￿5th[>01. Mlion Abbas. DkndlL¥d Forum. Ootsoi DTII OPZ. bl hccouniing comioniton fhr linantsal statomehts hav¢ prcparod In accord4ncc MlhAccountynE and RcporiinE by Choritlo5.' Staiorncni of Recoffiml￿0ed PrailjcLP applica￿• tDilkwltl￿s pitp&lnc iholractourts iftac£tsrdahcL¥ Wlth I1￿ Fln4nclal RowJtlln% appllcabteln Ilio UK3nd Rcpublii 01 Iro1aod IFRS 1021 loffo¢ti¥e Y lanuary 20151-1charii￿5 SOTrP IFAS 10211. Ihe Flnanclal Roportlng Standard opplicablo UK and Ropubl￿ ol Ireknno IFRS 1021 and thoCDmp)nlos Atl 2W6. Und¢r FRS 102. Ilio thariiablc£omp3nyis a public b￿nefIt onlhy. cl Gobngconcern Thcfjo¥¢rnoTS ha￿p[c5t￿r¢d ? busin¢5> planincorptsratllTrE Ioffo£o51 infwmètion IhrovEh to 31 Augusi 2025 rliai rrnccls their vlew lkni ihe finonclal sralcinent5 caThbciKeiiarcd ork a #Dlrt¥ contQfn basls. In addition to Lhis. ihe

rovp has mmmlllcd lon¥ ierm k)ary larilitLQ5togeI￿r wilh J EJ.5mHliono¥ordrnlt ffj£ilbty tliat ar¢ ad￿0￿￿te 10 ilio

KToup capilil andopcrJllonal reqLiemcnt5. llasisolconsolidol￿ln These accovnts can￿￿ddi¢ lh¢ and il% SL4)sthry undortakinE MiiionAbbty5chcxi15crvic¢5 Limitcd to 31 Aueu$i 2013, ￿ IALerBtoup s)IEsand profits havo boon emmlnaiod ontt)nsol(daiknn. Tho Group has Lak¢n DdvJniaEQ ol soctlon 4Q8 01 Ihc Compthc5 Acl Ic￿ byrtoi provid￿￿ a SQ￿rate￿ore￿￿rtI of Ilnanti•lacifvitSe5 lor Ilio svbsldiary. N Inctynlry wostyjrtos tirlbuiabk to tho aro Éld312022= f1.720k el Yo￿tb1￿ fixed a5sor5 Tan¢it4c fixod èsseis othcf Ihm Ireeholo land antt bUlk￿ne5 are mEasVtedundcr ihc f05L modd. froehohl SaTKJ and bulldiThBS arc measured undor revaluaiion wdcl. Items below E5LY) awe noi c4)iialised. t40 deproclaiknn Is provlde4J li) respoci olfreehold13Th1. Doprecialtrlnofothor lanEiblo assois is charged by 3rnual in5talmtnts al ratcs Csllmalcd lowriie oll iheli c05t orvalualiorj ￿5$ any ro5idval yalw over Ihoir oxpocied uselvl INOS. Doprock)Ilon Ss chor%ed in Ihe yearof acqulslLiOrn The raits used LOQ5tirnale these In￿S arr. . F(￿hOld ￿lIding5 (held lor thothicily'5 uscIO% to ?0% slratehl linc Fixtiirox filtin85 and cguipmoni 5% to 3J%siiai81)t line Doprouatlon is calthkied tombinaiH)rJDI thcwriltenéownva1￿and siroiÈhl linc ba515 on (hc m051 appropriaio moihod for lh￿ respctiivt asset orgroup of ass￿$. OurinE this yoar ond IliepiopLY¢ic5Wtro ¢evalvod. resultin8 ￿ a furihoraainon roviiiualion 01 £2,083,297. Tho iiusiees consldcr Ihc markeLvahJo 10 bo ai loasl equal io ihe luiure rOskh￿lV ol Iheproperly aThd tI￿r￿lO￿l￿O wopcrlywlll Dt bo dopcoth11od furlhor_Ths bereEularly roviÈwed. ¢wnyMo(I)532474 4tthlwdChariiV NoJ(W>JJA 19

THE COUNCIL OF MILTON ABIIEY SCHOOL UMIT£D NOTES TO THE CONSOLIDATED ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED al AUGUST 2023 I ACCOUNTIIIG POIICIES Iconlinuedl n Slock5 Stocls aio 5tatcd ill ky￿1 olcost or n¢t rL,a115aNo valw. l Fce5and simnat Incomo Fees rocofvable ale 51alod a[￿r de(k￿lI￿¢bu¥sar1L￿. scholaishws¥ndoiber romlsslons¥ianicdbylht school. Include onlrlbvlions rccdvcd IromRegitrtied FLthds for5thDlaI5hip5 and DUrSar￿$. Where fee$ are paid in adV￿ce. Ihc Is dclorfed untij lh¢ Icrm lo whlth li relaics. These dclcrrcdTrJunisarc shown on the balonrr sheei wlihln ciediiurs.. amount5 laThnB duo wilh1no￿ yow more thM oncycèr. hl Penslonc0515 Yhe 5choDI conLrfbvit51o IheTeachers' Pen￿On5¢hemC. a mu¢ll (M￿0Ye¥ defined btnEfil scI)tmc 01 iheadvi5ed r44¢5. The Schoofs crxitrobutlons 10 tho scheme aicchArged In acwun15 a5 ¢htyaccnro. Thschool otso contrlbuios to Dorsonol prnslon 5chcmcs or io anoccvpotlonal mvltl tmployerdeflned wniribulloTh sC￿e lor non-ioa£hln8 s(afl. Thc Laiiw Is admlnlstored by Thc PcnslDryS Twsi ènd t￿5(1￿1 (oniit•uiesal rates scl by tho Trusi. CMiributltsits payablo lor Iho yeai art chÈed in ilic at(ovnis as ihtyècuuc. In occwd?rKc 5ccI￿n 2801 FRS JOZ. ￿￿delinedI￿￿fll schcmes as Ocfined contributJn sdieme& os Ihcy aic bDlh nwlll empkjycr sthcrnos and11 Is roi rtyiwe oi approprfaioio kloniily Ihc ¥s5ois and Ilablliilcs ol Ihe schemo5whith arc aiiflbutablc toiho St￿01. il Rcsovrce5 Cxwndc Exponses are charEed io Ihe staiemeni ol flnancial a(Ilvlllos on afj acuvalsbasls. E¥wrylit¥re L% allocaled lo lunilional hoadMIRs tilhtT oTro (fif¢¢t C05t ba515 Of apwiionod accordin8 10 iime5peiit. Costsolgellorating funds- indudo all lurtd rnist￿nd linanclnE support cosis. )arltable acli¥ELlos- iiKludo all costs relailnE EQ tht Pr￿slan ol odwion and runrMr¢ol Ihekhg01. Go¥ornancec0515- kiclurfe¢iudii foos Jnd GrAteiwxs' exp¢nso krLYO¥Qtablo o(VAf 15 wilh Iho iiom w cMpoDse th thich11 felaios. I) Votwtary kncomo and Eovwnrnent yan15 l)onalions ¢ocol¥cd lor Ilie Kencrnl purwseollhe5th001 ¥e citOi¢ed ko wremnciod furtds. Ootwlions fo¥purp05es rtstricied by lhe￿$￿¢S0[ the thjnorarc iakcn to ¥CStricicd lund5. Govoinmcni Erants shall bc rococn1se￿ on I1￿5131￿MeN ol FI￿ncIalActs¥7llcs w a sysiemairf ba515 ovti rho porB)d5 Iri Ihe oniity ¥e(ORn15es asoxporfes ￿ le￿￿d cos¢slorwhlth Bra￿lS ioromponshie. kl Funds ReslritlTrd futlscomprtSQ lundss£l lo ruui￿lr￿9a￿Sire￿lth￿I Ifom thcdonor,S*s￿.s or tlio iorms ola particular fund ia15inElnliloii%t. Unro5trfctcd lu•d51¢)mPriSQ Ihe Selwol,$Rr￿foI (L4￿. ¥rtdth aieoxpcnOat4e at d15uoiknn tsllhe Governors. Expon&ihle•nd¢Jwod lunds comwisc incofi￿ lunds art5inR fmm aCharl￿bEc Trugt. ThctspiiJl of Iho fuDd5 cannDI bo spciitwilhnul Gov¢rnot appr(wal. Incom the or¥Jowm¢rt lThiUcd Ftsundation Fwidl15 ¢tC¢iledas reslrKlt¢J IIKomo In Ihesthool. CDmpanyNo00532474 A￿4¢r0d Charity No 306313 20

THE COUNCIL OF MILTON ABBEY SCHOOL LIMITED NOTES TO THE CONSOLIDATED ACCOUNTS ICONTINUEDI I.OA THE YEAR ENOEI) 31 AUGUST 2Q23 A ACCOt¥lJTING POIICIES Iconlinuedl 11 Taxallon ThL. Sthod 15 a rLgisrLi¥¢d chari¢Y aiid as is cnlillodio cwlO]n lax ex￿￿p[I(bns tsn suiplv5es vr any irad(fig •ctlvStlL'5 carried OD In furlheronce ofihe Scknd'5 prkrkiiy ob¢ltsos. nil Op2r3iin8 leasos Rclats payalle utyderopcralirylcasr5 arcrh)ry¢d lo Ihc Slatc￿rbr tsl fin¥oal aciknvc5 0fo SIrnIBht It)0 b351s over tlio pL'rlod ol the leasc. nl Grothts ondbwsariL15 Grant5andbuf5arlo5 from rc51rld0dfwdsar¢indudcda5expEf￿IlUf¢1n lh￿Por1￿j lorwhith Il award Is 8iv¢n. BUr3a(1￿ and ollowance5 Irom unrostskiod t¢Jwwds scho￿ loe5 trcated as a redLKbOll In ihosefce5. ol Aociyr￿l10nol assot5 Trado dobtur5. oilici dobiors. ioier¢ompany debtor5 artd ac¢rued income are rc¢o8nisod al ¢htr seiiiofflent amount duo aftor any Iradtdiscount5 have bten olEercd P￿paymen(s3re vakd at Ihe amwni prepaw noi olany Iradc distouiii duo. pl Rocowilion al lIa￿lI11￿S Croditor5 and provisions are ￿t￿grOSed W￿re the Sthoolhas a yosentoWiEolionresuhirtB fioma pasi o¥onr that will probably ¢¢svl( dit Iranslw of Ivndsio ailwdpwiy•lll IhcwMtsN due 10seiiir tli¢ <aJ) bt m¢a511reLlor esbmaicé ieliably. 41 Fixeda55¢1valuollon n¥e Mansion Houst. sthvol buil(kngkland and stall a¢t0mthw)dat￿WC¥eva1VCd OA 13 A￿U$r 2017al £9.1m. rlGrarti making Thls Year. IhEvalve ol ￿￿1￿ShIps, KTanis. prttesand olher )wards m•Je to Ihc thor5 Pv￿￿$ totiiled El,018.259 12022.. E984,4141. The GoverM¢s poly. In h'ntwlh th4101 olhcrlndependenl S¢hoo15, 15 to makc thos¢4waids on Iho basi% of (hcirtd￿idvèvs ediicaiional potential. niefe 15 a pytcy lo rclie¥th?rdJhip whue Ihe purlls. oilvtaiion ond Iviurc prospocis would Oth0n￿$t be èr ri5l stsblcci 10 the paiibculai condirions imposed bv Iho oTiÈioal d¢)nor whtie the awar(J isout ol resirKted l￿d sl Re5cr4rs The Grotrp'5 iWQSttcttd funds ¥1 I4￿5fi￿56 at Ihe ycarend12022: ELYILWI lintluditYil 1tr4abAtionfo5LWVQ ol É4,071.88912022.' £1.988,592I- Mil¢ts[bAbl￿¥'s IonE.Icrm PDIT(v i% ihai unrnstfpcicd rosorves sho￿￿ eonLYally Irom yoar to yoai, savo IIIDSQ ari51nE duo io revabJalion ol thosfhool esuto. iii anli(ipaiion of rosis aiisITrRlTh rcspecL ofiuiuro capital PlDleci¥ or ¢0 tho trmLe￿￿ IbLY arc ITyulrod iomLi the xhool's debl i¢pJymoni (pblaiioii%. ￿(P5￿¥eS8￿￿Qwo1(d Irrrn tho runnly. ofiho y4ill thervlortrKonoralty bc teinvtSltd Inlo tho schoDI esiaic, lnlra5Lr￿￿re. dind OdwAillon￿ prow510n. Howovoi, 10 Mil￿21Q Ilie 5hori-iermrisks ¢ind wKerttslrttlosol tsperat1￿ as an Independent oijuiallonal e51ablishmenl. Ilic School iargets frtr fosowvo5. thai is re3dilyova11 awo in I￿l[l￿ of Elni or 1.2 moTrih's exp￿ndItU￿eAndSOme arcuniUlat￿n of unrtsirkiod rescr¥osis uniii Ihlstarsoi is athiovr*J. Curnpbny NoOD53I474 ftORbi￿r¢•ch￿ilVN03￿Y1l

THE COUNCIL OF MILTON ABBÉY SCHOOL LIMITED NOTES TO THE CONSOLIDATED ACCOUNTS ICONTlhlUEDI Fofl THE YEAR ENDED 31 AUGUST 2023 I ACCOUNTING POLICIES Icontlnvedl In thc oppliiaiion ofiiio c¢)mPanY'S￿l11n1Ir¢ polKit% t¥hlcl1wedL￿(nbeo obDVL.. IhcdliLiorsar¢re4uirL'O io Makc jud£ornen15. estimotesond a55Ut)Wionsoboul tho catry¥arnountsof assrfsand liabilitlcs Ihai ato nol ￿￿lI￿T￿pp￿{OnI Iruni othersoufcL'5. Thesc csYmate5 ￿￿laSS￿l)red￿s$lffiWlO￿styr¢ htsityical c#￿I￿nCC other faciNs ihal oreconsidoiEd lo be relevant. Thcc5timaiosand un(IcrlylnG a5S1mPlioAs arcic¥iC￿cd on bn ￿0$￿. ba5ik RevlsSon5 10 accounlin¥ ¢Slimaiesarc rLYOBniscd In ihe wriod inwhith thE csllmalei5 iovisodll tho rt¥ision affctts only Ihal pcriod or in ihc PL￿¥10￿ ol ihc rc¥isK)n and firtvrt pcriodsif thc rOvi￿On ollctts btsrh iutr¢ni and luiure perlods. Thr lolbwnK ptrrtr¥roph Icscill￿ thE twifitalfvdtcm￿Thts, apart fr¢￿ ihoselnvolvGr C511maie5 Idoilt wllh5tpataiL'ty bL)lowl, Ihai thc dlrodofs have fflado ihe WO￿$$ Df appI￿nE Iho cOm￿n￿$ accovniln8polirie5 ènd Lhot hatso tlio rn051 SI¥￿1￿4n1 efloct on tho hmowis In ih¢linarlal sla￿D￿nIS. The onlysittnifKoDI jdgtmeni rclalos to ihe pro¥ish?nol bad debls. Tht followln¥art afQ3S ihai arc considÈitd to be0¥ 50urtos olo5LlmJtion uhconalniy. Vsoful Trfo artLI rosidual ¥alue5 oftèn8lWo foytslasseis. Th¢¢arryir ¥alw of ianEINt lixod a$5Cts al 31 AuRLtsI 2023 is 13,167,47L12022: £LA,192.4281. l Flnanclèl Insirumenis Dask 1Srtawal lsabllillos.. Oas1¢ financl•l liabllilics. ￿￿￿1•nE irade andolhci mab￿. bJnk10ft5, anil1gDns Immyoup (omponits •ro Initlamy iecogni5od at Lran53fiion pricE. FI￿a￿{all￿abllll1￿Sd￿ in ftTrDro Ihan oneyoar ait lffillièly mt•swed ai iron50cilon i>ricc d 5ubs¢quentty me05urcd at amoriiscdcosi usi￿ ihoellcctivc iniorosi mrthtyl. Flnèntial liabillties f0Th51iiuiin£ finènch)girat)sacitoos art iryllally measured al Iho prcsenl valued fuiure paymonis dlscounleoai a mathi ioie olintor¢5t. [￿-reCO¥nIli0n oi finaiicial •sselsanifliabibilcs- Finontial as5cis and Kabifitits arr derccoe(w5odwlth rhe charilvs t¢)rtffacfuthI ri¢his orotylieJtionsexpweorafo INSC￿¥SC￿, tran51orfcd or cancclod. SInai￿1￿1 in5trumen15 are fecoKnised in IhcWantQ ¥knn iho tompany bo<tsnxs pèrtv 10 IhEroNrouual provisloos of tli¢lnstrumcnt. Bosle flnanclal as5cI5- Bosi¢ lits•ntiol assols, which Indude rrade and olTr￿ rocéN3bles cash and bank b￿ances. arc initkilty mcosured ai traniadion piico itttludlnR iransacLion COS15. Fh)antial asstis dL*ln mor¢thath orte 5ubsE4uonllycarritd3t amorllsod c05t usill¢ the tflcttiwo irblEfcsi rTrtrthodunless Ihtr affafitcmonieonsiiiules a linancinE iransxiitih, whcre Ihc Iran5aclion15 mc35urcd al th￿ presonivduo of lulure receipts di5tountod at o markoi rtilo of Inicresl. Cornpiny WDI)D53Z47 Aryl&lor& Cliariiy NTr a0631X 22

THE COUNCIL OF MILTON ABBEY SCHOOL LIMITED NOTES YO THE CONSOLIDATED ACCOVPdTS ICONTINIJEDI FOR THE YEAH ENDED 31 AUGUST 2023 I NETINCOME 2023 2Q22 rh15 1$ 51¥1LyI aliLYWS=. 2QZJ 2022 Toxhln8slJll Adminislr3lionsiall Malnitnance stAfl Pomosiic ￿511 Pa5101•1 and boa 45 4G 19 16 io 13 20 kos 17 Tho aAEieeaio payroll c051$ ofthesepersw •$ foll￿￿5..- 1023 2022 Wartcs and sdants SDclal socurfly COSL5 POJ)￿n(¢￿Iffil￿1I0Th$ 3.687.922 3G4.492 510.547 4.588,961 3,6GI.077 247.373 49D.171 .49B,621 23

THE COUNCII OF MIITON AUBEY SCHOOL LIMITEO NOIES TO THE CONSOLIDATED ACCOUNTS ICONTINUEOI Foft THE YEAR ENDEO 31 AVGUST 2023 S STAFF PéUMOERS ANDCOSTS IcohtinudJ IncludedsFI I1￿¥bOVe IIEvfL15 bs Enil in TcSPQ￿ olso4rirfL'arMI redLmdancyfv)ymenr5 12022: f.nMI. Ouilne I1￿. YLiar theGtbVLirnofs iLYQIVL¥I ÉnA12022-. Énlll refflunL•iallDn ar¥J f(￿0r￿ML'￿[ bcnrli¢SWL¥E xcrylni. GovLiiors t¢(dvLbd iL4mbuisLTd out olp¢xlei exwn5e5 01 rfvrire theyc¥ uf Enll12022.. Énlll. Dwina Ihevear cmrloyiYs' 5JlaiiL75 in cxcoss ol £￿.￿￿wor￿1n ianges." lQl3 zpii E60.001- £70,0 É70.001 . (80,000 E80.UOI- E90,IKX) EYO.001 . ÈIOO.O( El(YJ.(N)l. EllO.W) EIIO.QI)1. É120.tUI 120,ODI. c13Q￿ £1￿￿}01. E140 Conl¢lbullons 01 É72.￿5[3022.. C58.451lwert mJtlo to pensionschtrmos ID respta ofthe èbo¥o hl8hei paid tmployecs. Koymanogtniit PeTsonncl ￿1&￿1¢$ for ihcyear 1014led C494A)1312021: £469.7031. ThoGo¥efiiorswnsidcr th¢ kry m3naeemÈnt W50nnd dvring tho yeaito bo- Heodtoadicf - Ju(k"Ih FicmoDI.ESJincs st￿0[ Dvpuiy Head- Jamos Waison Fininco Dlroclor. Siovc Lano D¢pulyHL¥d ademic. Oawlia Illfid Heod ofoptsaiion5- fri¥Ly Edwarijs IkwlyllcadCo(urylcular- Will fia5L4r Dtyuly Ileod Pasto¢al- Lhris Ubrne5 6 SCHOOL FEE5 1023 1022 F￿1 rt¢QNablo£on￿$[0l.. Grogs l¢cs ie5% Imjrsarios. S￿￿larshIpS and femissions .526.773 8.149,80J 11.097.199) 1930,5101 7.429,574 7.159.29i E36.767. h•s bcon prawdcd for12022.. F_19.792 hasboon rovo¥sed froml Irreco¥crOb￿ dobls. 7 OTIIER INCOW5E I013 2022 Othoreducalionll incomtr.. Enirance wid io8lsiratloD loos Extra tuilion suppori irKome Tuc 5hopincèm 57.152 232.d90 42.843 332.485 61.Jf08 155,471 34,927 eiomèss irK¢)mc- RobatÈs fof ronowat4eenoiRY 0￿rpr0￿cloo 6S.265 65.265 14.055 74.055 Non artcillaryif.7dinE ificomo= MASS Ifi)0SnE inCr￿e 238.037 238 037 199.462 24

THE COUNCIL OF MILTON AIJIIEY SCHOOL LIMITED NOTES TO THE CONSOLIDATED ACCOVNYS ICONMNUEOI FOII THE YEAII ENDED 31 AVGUST 2023 B TRAOING INCOME AND YAXATIO The Slliotsl uw+is IixrA of I1￿ f.l ordin3iysh¥¢cowtJl ol mdIr￿ Abbcyschwl ScThfi(QS Llmiicdl04338?111. whleprecratlon roial rolal 2023 ozi Cliariiablehcllwiir5-. Toachin 2.963.769 l.N8.322 346.957 654.642 90.116 71.377 1.4y8m? 851,440 36.762 5,013.690 2.547.781 XS.160 3.359.045 1.119,699 1.845.0441 I,S06,WZ 36,762 7.866.G32 3.182.113 993,616 I,756,640 J,36J,882 119.7921 1,274.459 Well3rc costs Prern15e5 thSIs Support costs olxhoolir Pro¥15ion lor l1rcto￿r3b1O dtbis 305,Ir4) Ccs15 OlE￿￿ratinc lund5". Non ondllary IradlnEexpeA5 FIn￿¢1￿ e¥pense5 91.WJd 360.679 452.573 91,894 360,6?9 451,$73 102,742 228,153 3JO.895 roial rcwr¢¢se¥pertdod 5.013.W 3.LMIO.3S5 305.1 8.319.205 7,6Q5.a54 OLidn8 Iho ypar LoAugusi 1023 an anNX￿t ol C17.(XQ12022= EIG.2￿) pald to the siaiuiuiy aihfilor5 l¢r audil Icc5. 25

THE COUNCIL OF MILTON ABOEY SCHOOL LIMITED NOTE5 TO THE CONSOUDATEO ACCOUNTS ICONTINUEOI FOR THE YEAA ENDED 31 AUGUST 2023 10 COMpiIRATIVE5 FOR THE STATÉMENfoF FINANCIALACTivmES Endov4ed RcnI7Lttd Unrostrtetcd Tot•1 2022 r)Dnatlonsandloeauo5 6.590 5.560 ILJ50 Incomo fiom rh4rltable iiclr¥illc5.' 1.159,295 251. 7,159,295 251,906 oiheredvcaiTonèl I￿￿¥￿e illoma55 robaie5 74,055 74.055 IrKome from eeneraied (ufvd5- Non an¢illarytradill8 In(0 l99,462 199,d62 hvesim¢ni ￿coMe 35.733 35,733 6.590 7,726,DAI 7.732,601 Expondilure .osis of r•151nE lund5: Non ancillary ifad1￿ empendiivre Fui)Ltralsln£ cosis F5nancln¥ costs Exportdiiuio on charltablo a(1￿1￿￿. EducaliDn ¥ianl rnaking Llad and doybtlvl dobL pro¥iswJnin8- 1102.7421 IIOZ,71121 1228.J531 1228,1531 L450) 1?.Z92.8UII 17.294.2511 19.792 IY,792 Tolal expEndlture Nel Income lertpendliurel we gtQVi51onlry' Noi I¢Kom* leipendiiuiel 11.4501 17.603.9041 17,605.3541 5.140 102.315 107.4S5 5.140 122,10? 127,Z47 Translots bctwton fund5 Uniozllsed galn on rovaludilknn d fixoda55QiS el mov¢meni ln funds Total funds bro¥£ht fowword Toithl fvnds carried lorwar 11.1691 L.L6Y 3.9YI 313,483 317.454 123.276 2,BOg,528 2.932,804 127,2t17 3,235.869 3,363.116 112.858 Il2.¥58 26

THE COUNCIL OF MILTON ADOEY SCHOOL IIMITf O NOTESTO THE CONSOLIDATED ACCOUNTS IcoKfiNuEDI FOR THE YEAR ENOED 31 AUGUST 2023 11 FIXÉD ASSETS. GROIJPAND COMPAf4Y rANGIOLE FIYEDAssgrs Frcchokl L•xJand lJ¥ikli Bloma55 FiYiwo5 FittbrI85 & EquikNthcnl 5thL Svb5idiarv TraLlin¥ Company Groltp Toral TDloJ Ca At I Sepl¢mber 2012 Addltlon5 ftovaluatlons 9.164.615 1.734.332 3.ISS.647 196.674 14P57.$94 IgB.762 2.OB3.I97 47,868 14.105,462 198.76Z 1,08),29Y 2m3.297 At 31 Iluuusi 1023 11.250.OC 1.734,332 j.355.321 16.339,653 47.868 16,387,521 tproti&ti Al I StptembEr 2022 Charde for Iho year Iysposals At 3A Augu51 Z023 435.880 69.374 2.436,639 235.787 40.51S 1,855 2,913.034 307.016 305.161 5US.254 2.672.426 3.177.680 44370 3,220.050 Nei Book ValL At 9th￿¥￿51 2022 Y.164.615 1.291452 712.iMIB 11.IBS.075 1.353 11,192.428 Al 3kAuBusi 2023 I1.250.￿0 1.219.07B 601.89S 13.161.973 5.498 13.167,471 The freehold land a)d buildiDB& Inclu(liTrg IhE Manorllousc. wc(¢valutsdbythristlc50fb8 Octobor 2034 ai £8m, ty Cari¢rJon•$ 01) 23 Augusi 2017 ai fg.lm by Lorl¢YJonèson IJ nwil 202341111.25m on CX¢51ioguse ￿515. In Ihis yoJr• salts ort reva￿4)I¢0n of E2.083.297was achi0¥od￿I&¢hinC1eJSQd ihe revaI￿l￿n io E4.071.889. 11 Iroehold Jaiid and builthn851&iil oc¥ci bccrt revolucd. Ihrywould bc hcld ai0eprcc131edhhiorlcal cosi of E6,036.434. Assois thtlijded Jba¥¢ Mth 17 nel book ¥alueolfl.229.078afe ufidcf FlwePwcha5Q aEroement12022.. E1,2￿.152). The h¥0 purthasc credllorof £1.017.183 5$ ropayabli (312.923￿1Nn A yeais #nd c70fj.2￿ beiwo￿n J-5 yoaffs. The PfO*dor5 or Ihe hirt puicha5¢ have Ilrsi c￿rIe Lwerthc ossds. 12 STOCK5 Groiip 2023 Cgrnponv 2023 2021 zoii Goods lor rosa 83,156 68.177 83.156 68.177 27

¥HE COUNCIL OF MILTON AIIBEY SCHOOL LIMITED NOTES TO THE CONSOLIDATED ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 13 DE8YORS Group io Comp￿¥ 1013 2012 2022 'rradc debir5 Pfephym¢Dls a¢c{U￿1 incomL' 14MoU￿r5 duc ffOftI yknfdlory undtiiallnE 5vn&y dcblOfS 577.571 147.613 219.1120 63.775 503.093 147.64Z 49.480 12.609 712.824 63.77G 13.03S 738.248 5.87B 289.473 7.698 28G.012 14 CREPIYORS.-AMOUtIlS FALUNG DUE WITHIII ONÉ YEAR Group 2023 Comp•ny 2023 2022 2022 Trade cro(tltors Ovordiali & bankloaiis Aniounis to sub51dlary LryKrtaing OlhcrcroiNlors 495.301 925.966 319,a04 561.531 472,627 925,966 JII.IB4 561,531 3.599 316,991 52,4Jl 857 374.612 86.415 38.708 178.$34 1.533.342 312.923 332.667 82.4llZ 27.742 274,550 1.2G2.6GI Z44,596 149.503 a6.415 4.628 4I,$09 1,533,342 312,923 VAT Accruals artddeferred Income Vduniary trwly lee poymcnrs. and foes m a¢lv Obllgaiions undor lknanco loasos and HP 212,162 1.262,G61 244.596 3.945.80J 3.105,163 3.826,913 2.995,99 15 CREI)ITORS.. AMOUNT5 FALIING DUEAFYERMORE THANONE YEAR Group 2023 Company 102J 022 2022 Depo￿15 Dank and Olhcr loa•s 417.246 3.803,4180 704.260 4,924,986 J89.032 3.989.016 8BY.360 5.267,408 417,246 .4.803.4#0 7U4.260 4,924,986 J89.03Z 3.9119.OL6 889.360 5,267,408 Obli¥ali0fi5 undei ltywnte Ica5esartl HP 16 IOANS. DEPOSITS AND ADVANCE FEESSCHEMES Group 2023 Company 2023 2021 1012 BANKANf) OTHER LOA145 nk rvordralts (*Je wlililn ono yoai 1-2 yoars 2-5 YLiars 740.4)) 185.536 185.536 3.617.945 4.729.446 375.995 185,536 185.536 a.R03,48D 4.550.547 140.430 18S,536 185,536 J,617,945 11.729,446 375.995 185,536 135,536 3.803,4BO d.550,J4? 28

THE COLSNCII OF MIITON ABBEY SCHOOL LIMITED NOTES TO fHE CON50LIDA7EO ACCOUNTS ICONTlhfUEDI FOR THÉ YEAft ENDED 31AUGUST 2023 16 iOANS, DEPOSITS AND ADVANCE FEESSCHEMÉ5lconilnveOI s se Inoie iii ayablebiier 12 monr 56.248 17.245 47Y.49J 49,B13 4B9.032 438,845 hDVANCE FEE 5CIIEME ANDVOiUNTARYEMIYFEE PAYMENTS Paron15 mayLilQt intoa ionlracl 10 PJVto Iho Sthod ithiion fLS In adVaTr￿. Vho moneym3ybÉrtiuillod SUb￿£t io S￿11>[ rondit￿nS on Iho roceipt Olon￿ lerm's noilcc. Porenis m4yalsovA5h ¢0 volvniarity poyl0r5dwlY￿1lon fces prknr lo toim commencin8. Morucs rectivcd prior io the yoar tnd In resP￿Cl of Ihc MiclTroelma5 23 Tcrmare defcrrod Inio lollown8 linancial ye*. 2013 I022 Advancodfot sthQn) Volunlaryearly fco payrnvnis 51,J35 1.425.960 1,477.095 61,340 1,151.508 1.212 B48 T1￿ ad¥once￿ fec scheme i￿resents arcruodliabililic5undev conlrbci>and thc mo¥cmcnrsdurl￿ Iheyeai wcre.. 2022 alance?I I Sopiembcr ZOZZ Now tonlracis 61.J40 51.1.15 161J401 15.(XJO 6),34D 115,WOI lknounts iiulisod dwye Ilalan￿￿E 31 Aii811512013 51,13S 61.340 29

THE COUNCIL OF MIITON ABgEY SCHOOL LIMITED NOTES TO THE CONSOLIDATEO ACCOVNTS ICONTINUEDI r.oji THE YÉAII ENDED 31 AUGLIST Z023 17 Rf5TRI¢TEDFUNDS Toby Mann Thls fund repro5onis lunds doDatod In ordvv iLiwovthxlwJlawsl>s fow srud¢nls ofmllton AbbEy5cli(￿1. Pivlllon Fiityd Donation Irom MilloryAbbry A55￿•￿tion lor IheiiKkn pavlTh which h051KEn namod alEQI a Inorrtjorol %¥fvo rollro￿. Art Gallery and Contre FL￿d Thls reprosorbts funds doTh3ied lor the pvrp05C50ft￿￿¢ CLwre. E4UQStrl&hAien Thls fuiid royiosEnis funds donarLyI FOT thÈpurp0S￿ of t1￿{￿l¥l￿O￿￿O￿ olthc accna. Cotsntiyslde ManaKEmont Thi5 lund reprcson15 f¥nd5dtsnaicO ior tho wwoso of fhc school'scoithwdo man3Kemeni IKIIiiic5. 5odal Space Thi5 lund ieprestsis donaLEdfor Iho purpose ol thv¢loFth8 artss ol ihesrhool to enJDytd dui•È5¢xial Ilmoand act1?￿lI*s. Gym Fund Resiilcicd lor refuiLMshffloThi olthtseym. 75th Fynd Rtrsiricied towatds prwt15 rckild Iv Iho 751h 1nrriv￿ry olih¢ sch¢wJ. 17 TOTAL UNRÈSYRICIED ANPAESTRltrED FUNDS. GAOUP Ner IncomlDKI Yraffsfer5 loutgoinEI Itollliom eso¥r¢es unrcstrlclcd Ro¥alu4li¢Jft ryended 6aln5 IJ05sesl Cafried loiward Toby Mann Art Galleryand Ceniro ountrysldc Manatemcnt Soclol space AbboyPA 5ysiem Pavllion Fund Gyffl Fund 75tlI Fun 14,19B I09.402 l?6.(￿5 1.199 100 74.298 109,402 126,Q65 1.199 5.000 1,590 J.590 110.6011 126.6OBI 26.608 Tolali¢siiide4114t)ds 317.454 J7.309 13?.2091 31Y.554 Unresrrklod lunds Icharitable 1.930,143 7.88Q3J4 1l014.iXJ21 Compènyl 1.083,?.97 L925.6CP3 d,855,85?. Expondable Endo￿0 Funds IFoLmdatlon Fund 112,858 112,858 r￿al FuAd5IChartta￿¢ Cowwrtyl 3.360.5S5 Fwds15Wb5W￿1 2.561 7.5123,fy23 18.08L2JII 23B.037 1337.8YI Z.083.297 IJ57.5881 143 5,286,264 2.71M Tolal Funds 3 363.116 8.16L660 18JIY.1051 LQB3.29> 1157,4451 5.288.968 10

THE COUNCIL OF MILTON ABBEY SCHOOL LIMITED NOTES TO THE CONSOLIDATED ACCOUNTS ICONTINUEDI r.OR THE YEAR ENDED 31 AUGUST 2023 17 TOTAL UNBÉSTRKTED AND RESTRICTED FU14DS- GftCMJP 2022 ItontlNedl Not In(omlth Tran¥leTS lout6olnEI Itollfiom iesDUiCQS i¥es¢rl¢tcd Brouehl forwi)vd IncrfftlnE souftes Ilcso¥rcts Carrfed lorwilid TobyM•nn IGallery Ind Centre Countryslde M¥na8emoni Equesiri•n 4rtn* Soclblipac Abbey PA System Pavulon Fvnd Total ro5tritted fiinds 74.198 110.852 116.(%5 1.169 J,iyy 74.19B L09,402 126.065 11.45Ql IJ.45ts1 11.1691 s,wo 1,590 317A54 1.590 5.140 315.483 5,590 IL4501 11,1691 Unrestrldedlund$lCharlrable Companvl EYpe￿dab1e EndoweLI Funds IFounda¢TOh Fundl 1,526.549 17,4C6.1621 120,387 1.169 2,930.141 112.858 112.858 Total Fundslcharllable Con)paTryl rotal UnrÈsirkted Funds15ubsldlaiyl 3.235A128 7.533.139 199.462 17.407.6111 1197.74121 IZS.527 ?.720 3,36D.555 2561 Toial Funds 3.235.869 7,732.601 17.605.3541 IZ7,Z47 3,363,116 Cvrthiyoarand 12 monih trffipavaiives lor wir¢sirf¢ted and Testricled ILM￿$ Ilel lo¢omrn81 rransleis loyl406ngl ItolllrDm ie50ur£eK unrestrictod Ihcomi Rtsotsrce5 Re¥alv•tlu expended ¢alrts IlosK¥l OrovBhl lorword C•Yrled fvrward iesfwjrces roby Arl Gallory and (ffjlrt Caunlryslde Manaeemont É4uesirlaTh èwtm social spate Abboy PA Systom Pawlhon Fund Gym Fund 75th Fund Total Rest￿(1¢￿ Fvnds 74.198 I10￿52 I26.(￿5 1.169 i.J99 100 74,198 .109,401 126.lJ65 11.4501 11.1691 J.19Y s.o 1.5YO i.syu 10.6ni 26.608 1,590 110.6011 126.6081 13¢6591 313.483 5.240 11,1691 317.554 Unroslrlrted lund5 Icharlkble I.80&6￿ IS.a1l2.863 115.450,1641 Company) Exptndablo Emdtswed Funds IFuundatlon FLpndl 2.083.297 1.045.996 4.855.852 112.858 lJI858 Total F¥TrJslththlable Company) 3.I35.028 ISA56,762 115,488￿￿) 437.499 1435.6361 3 235.869 15.894.261 15.924,459 2.OB3.297 2.051,Z36 5,285,264 2.704 5,188.968 Totol Funds IO83,197 1051.236 Ji

THE COUNCIL OF MILTON ALIBEY SCHOOL IIMITED NOTES ID THE CONSOLIDATED ACCOUNTS ICONTINUED) r.ORIHE YEAA ENDED 31 AUGUST 2023 18 ANAIYSIS OF NEfASSEts BEnvEfN FUNOS l¢rffi5Dlld¥iedl Unrestricted Rewa￿atIon Rutrkied Endowmont rotJl Fixed assets rrent a5scIs Curr￿[ lijbjljlj¢s LonRLorm Ilabllltl￿s 9.1195.582 561.713 13.945.8021 14.924.986) 4￿1.889 13,J67,I7L 991,185 13,sas.A021 11,924.9861 317.554 112.858 rotal a55oisllliabilille5 IBQ567 4.071.889 317,554 II2,858 5,288,868 19 flECONCILMTIONOF flET INCOMING RESOURUS TO CASHGE14É11AYED OPERATIONS 2023 2022 P4eLlncofflin8fC%Wfce5 L925.752 L27,247 Adjustni¢ni for- Doprttloilon charBes 3Q7.016 302.528 hcr Inve5tmvni IncLwne 138.9 3GO.679 2,55t).467 12m3.2971 114.9791 144B.7751 110,505 117.921 135,7331 .228.153 G22,Ig5 Inrercst Cash Ilovis bcloro mo¥emoThi In working carAlal iltyreali5od Bain on rcyaluallonoi fixod assels Ilncicosell D¢¢feasc In stock Il•)trcii SCII Dcc¢co￿ bn de￿0 Incieosol Ioccieasol in crLxliiOIS Cash Eoocraiod by opoiatlons 163,130 292.270 20 OPERATING LEASE COMMITIIIENT5 At 31AuBu5t Z023, the 8roup was r(￿nMittOd to makI￿1b0 loMLvWI￿ paY￿￿nts In oloporaiiryloa5escxpinni* 1023 1022 Wilhinaoeyebr Moro thèn l yoar 13.ZA6 32.9G8 46.184 13,216 59.472 32

THE COUNCIL OF MILTON ABBEY SCHOOL UMITEO NOTES TO THE CONSOLIDAYED ACCOUNTS ICONTINUEDI FQR THE YEhft ENDED 31 AUGUST 2023 IJ PC.WSION COSTS nio schl￿1 partirlpaLES irb Ihc fLiachor< PO￿10n SthcmelEngland aDd Wale51 I"Iho TPS-I. foi 1¢$ ILiachin¥ sti 11. Tlils15 a mulli- ernpkiyordofined bcnofils ponsion 5(homoanLIIt 15 not pos￿1￿C or appropriato lo tonslsionijy Idcnllly ihc It￿￿bIll(les ol tho TP5 whlcli aro Èiiiibul41￿Q 10 Ihe khoal.As r¢qulred ￿ FftS102. 11￿5d￿l att¢Jvnts lor tlws schtts￿ as illl wuc a dellncd iot)Irlbiiiion 5chcmtt. As Iiom I Soptemter 2019 tofttribul￿5 ha¥c IxLYtmade al 23.68%wilh Iho empkjyoe rnie b￿￿o¥ary1￿ betwccn 1.4% JI,YYl. TheTPA havefonllrmed thai ih¢enJployci ton11￿1￿￿75èrQ lo ri50 lo 28.r¢A Irom l Apr%1 20?.1. Ai ihe yoor-cnd (urrciil Ilabblilios indudcs f52.41512022.' E49.BJ71 dve io thc TPS pcn5ton 5d￿Me. Conlrlbullon5 kntludL'tI in Pen51trn costs in thLb SOFA for lh￿ TPS schorne comc io E472.443 l¢x Iheyear120Z2.. E444.3CQI. Oth¢rpenstw s¢hemts The Sthoolalso corbtrllmjfes to penslon sthemes lorlES non.ieacWne Maflv4ho aro noi methfs ol tlTPS which4￿.￿nEV purchjso. schcmr$ 15 tD pro¥id¢ bottefiis io membErs on I1￿1￿ letiron￿￿t. Tho cost for ihtryear iepr¢sonts ihcsthool's ionirtbutions to the s(hemes and omwnied 10 E68.1041202?.. E48.5701. ￿t the yoar end current14a￿lIt1OS Includcs E&29¥12022.. ES.lJndve io Ihescjxnsiohxhemes. 22 RELATED PARTY YRAf1514cnoNS Thtrcweronorel3iod pariy iran53ciK¥bdurinE oilhtryeai ondod 31 2023or 31 AuÈusE 3Q22. IJ CONTINGENI tN8iirriES Il* adn)iDislralois ol tho Erthpcthit Sclwts'PefisI￿ Schcfflo halle knfomiÈd the S￿￿01 tbai3n additional am￿nE 15 paya￿¢ to iho schomo.A rcsoluLion io this n)alLtr is not immlnenl and ihore10￿ Ihtsclwol 1$ 001 malinÈa prothsion lof addiiiortol peiisloii coJisaNI cThnrLOi confirm that a Iro￿.111yh￿s ¥15en. 33