2024-08-31-accounts

St. Mary's School (Calne) (a company limited by guarantee) GOVERNORS, REPORT AND CONSOLIDATED ACCOUNTS for the year ended 31 August 2024 Registered Charity Number 309482 Company Registration Number00235572

St. Mary, s School (Calne) (a company limited by guarantee) CONTENTS PAGE Govemors and Advtsers Annual Report of the Governor5 2-17 Independent Auditor's report 18-21 Consolidated Statement of Financial Activities including Income and Expendkture Account 22 Balance Sheets 23 Consolidated Statement of C&8h Flows 24 Notes to the Ac¢ounts 25-48

St. Mary's School (Calne) (a company limited by guarantee) GOVERNORS AND ADVISERS GOVERNORS AND CHARITY TRUSTEES The St Mary's School (CaIne) Governors are the Charity Trustees of the School. The following Governors seTred throughout the year ending 31 August 2024 and up to date of approval: Mr Svante Adde (Chair) Mr5 Vi¢ky Wilson (Vice Chair) Ms Catherine Bell Mr Robert Cutler Mrs Deborah Harris (Chair of the Education Committee) Mr Martin Harris The Revd Canon Michael Johnson Mrs Pamela Morris-sykes (Chair of the Finance & General Purposes Comrnittee) Mrs Patricia Pearce (Chair of the St Margaret's Committee) Member of the Finance and General Purposes Committee Member of the Education Committee Member of the St Margaret's Committee Governor with spe¢ial responsibility for Safeguarding The Governors are cleded by existing members and subject to re-election after four years. The following senior staff attend all meetings of the Governing Body and its ¢ommittees and are the key management personnel of the ¢harity'. Acting Head. St Mary's School Mrs Diana Harri50n (Appointed I September 2023) Headmaster. St Margaret's Preparatory School Mr Luke Brornwich (Resigned 31 August 2024) Interim Bursar, Clerk to the Governors and Company Secretary Mr Ed Helling5 (Resigned 31 March 2024) Bursar, Clerk to the Governors and Company Secretsry Mr D St John Parker (Appointed l April 2024) Regiglered Office.. St Mary's School 63 Curzon St Calne Wiltshire. SNI I ODF Website: www. tma www.stmar calne.or arets re ADVISERS: Bankers HSBC Bank PIC Chippenham CommeTcial Centre 2 Market Place Chlppenham Wiltshire SN15 3HE Solicitor5 Veal¢ Wasbrough Vizards LLP Narrow Quay House Narrow Quay Bristol BS14QA Auditors RSM UK Audit LLP Davidson House Forbury Square Reading Berkshire RGI 3EU

St. Mary's School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 The Governors of St Mary'5 School (Calne) {the Charity). in¢orporating St Margaret's Preparatory School, present their Annual Report for the year ended 31 August 2024. together with tlle auditsd consolidated financial statements for the year, in a¢¢ordance with the Companies Act 2006. the Charities A¢t 2011. the Accounting and Reporting by Charities Statement of Recornmended Practice (Charitie5 SORP), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). REFERENCE AND ADMINISTRATIVE INFORMATION The School was founded in 1873 and incorporated as a Cornpany Limited by Guarantee in 1928 (company number 00235572). It is registered with the Charity Commission (charity number 309482). The Governors. executive officers, registered offIce and professional advisers are shown on page l. STRUCTURE, GOVERNANCE AND MANAGEMEIYT Governing Documént The Charity is governed by its Memordndum and Articles of Association dating from 1928 and last amended in 2008. Governing Body There is one Governing Body for both St Mary's School and St Margaret's Preparatory School. The governors act as trustees for ¢haritable activities of St Mary's School Calne and are also directors for the purposes of ¢ompany law. Recruitmenl and Training of Governors Governors are elected by the Governing Body on the basis of qualifications, experience and recommendations fiDm within the school community. New Governors are inducted into the workings of the Charity at briefing5 conducted by the Heads, the Bursar and other senior stsff. Governors are also provided with opportunities to attend training progrdmme5 and cOnfe￿nee$ on governance and educational issues, and are regularly updated on matters relating to their legal and statutory obligations. Organisalional Monagemenl The Governing Body meets each temi, as do the St Margaret's and Finance & General Purposes (F&GP) Committees. The Education Committee meets once per term. Committee meetings are nornially held in advance of the main Board meeting, so that relevant reports can be made and appropriate decisions taken. The operational management of the schools is delegated by Governors to the Heads. supported by their respective Senior Leadership Teams (SLT). The Bursar and the Director of External Relations are members of the SLT at each school. The Heads, Bursar Dtrector of External Relations, Executive Director of Sport and the Director of Sitewide IT meet together regularly 8S the Executive Leadership Team (ELT), led by Mrs Diana HarTison, the A¢ting Head of St Mary's. Both Heads attend all meetin8s of the Governing Body and the F&GP Committee. The Acting Head of St Mary's attends meetings of the Education Committee and the Head of St Margaret's attends meetings of the St Margaret's Committee. As Clerk to the Governors, the Bursar attends all meeting5 of the Governing Body and its committees (except the Education Committee. unless required). During 2023124, the Goveming Body changed the operational structure of the Charity. 50 that the new Head of St Mary's. Mrs Anne Wakefield. will r¢port to the Governors on behalf of both St Mary's and St Margaret's. This change will tske effect from I September 2024. when a new Head of St Margaret's will also be appointed- on his appointment to this position, Mr Alex Hopkins will report to Mrs Wakefield as part of the new Leadership Team. Group Structure and Relallonships The Charity has a wholly owned non-charitable subsidiary. St Mary's School (Calne) Services Limited. registered company number 04111368, whose a¢tivities and trading results are shown in notes 3c and l O to the Financial Statements.

St. Mary's School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 On 27 April 2012, The Calne Foundation Trust (CFT) was incorporated as a company limited by guarant¢e (and not having a share capital), registered company number 08049046 and registered charity number 1147327. The principal objects of the CFT are 'lo advance educalion by ihe provision offvnding, ￿SIs1anee and supporl lo Sl Mary's Sckool, Calpje and St Margarel s Preparalory School, Calne. being the consliluenl schools of Ihe School Charity and by oiher associaled educational aclivilies (in sofar ihey shall be charilablE) and (savefor purposes incidenlal and ancillary lo ihose objects), no otherpurposes. The financial statements for St Mary's S¢hool (Calne) Services Limited and the CFT for the period ended 31 August 2024 have been consolidated within these group financial statements. The results of these entities 8re shown on note 3¢. Risk Manogemént The Govemors maintain oversight of the risks fa¢ing the Charity as an educ2tional trust as well as the Schools as operating entities. Major risks. including large scale building projects and debt management, are assessed and the systems and procedures designed to mana8e those risks are reviewed. Governors are satisfied that major current and future risks have been identified, prioritised and appropriate mitigationlavoidance measures put in place. Appropriate insurance cover, in¢luding Governors, third-party indemnity insurance, is in place. The key internal controls to manage and mitigate risks are: formal meeting agendas and rewrds for all meetings of the Governing Body and its ¢ommittees; committee tern?s of reftr¢n¢e, regularly reviewed and updated. ongoing review of strategic and financial plans; monthly financial management and key metrics reporting; regular reviews of key poli¢ies- clear authorisation and approved levels of expenditure: regular appraisal of the Heads and Bursar. self-appraisal of the Governing Body. and opportunities for Governors and senior staff to receive regular updates on chang¢s to legal and operational frameworks. The principal risks CU￿entlY facing the School can be separated into those which are exclusively driven by external factors where the school can only mitigate against the effects of the risk crystalli5ing. and those items where the school has greater control over the o¢cutrence of the risk. The principal risks driven by extemal factors are.. the imposition of VAT on school fees and the loss of Mandatory Business Rate Relief. The new Government's policy is being carefully reviewed by the Governors. We continue to examine and reduce costs where appropriate in order to keep fees as low as possible without compromising the quality of education and pastordl care offered a significant fall in pupil numbers as a ￿s￿1t of VAT, or, due to prolonged econornic downturn. Fees are set annually, with a wide range of factors tsken into account in¢ludtng parental affordability. future plans, and protecting the quality of the schools. Competitor fees are taken into account only in so far as infomiation is available publicly a fitrther increase in the level of employer contributions to the Teachers, Pension Scherne (TPS). Governors recently consulted with teaching staff and agreed a phased withdrawal from TPS, meaning that no new employees will join the scheme. prolonged high inflation resulting in increased operating costs. Budgets are set to include anticipated inflation. Any prolonged period of high inflation will mean a review of fees and fijrther examination of Gosts the effects of climate Change and the costs of taking remedial action. Governors have agreed to instal solar panels and we have a comprehensive survey for installing LED lights. other action5 are detailed on page 17. Costs for these investments, which will also benefit the schools in ternis of reduced energy costs. are being built into our medium tern) planning.

St. Mary's School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 The principal risks over which the school h&8 ￿ater control are: failure to generate a sufficient surplus. Budgets are set and results against budget are monitored monthly. Governors review 5 year plans and related cash flow forecasts on a regular basis. aiming to reduce financial risks and improve perfonnance failure to attract and retain pupils. Markeling is given a high priority and is resourced accordingly. Our retention rates have historically been good and we put continued focus on this area failure to attrnct and retain staff. Staff are offered competitive salaries as part of an attra¢liv¢ packa8e. Ongoing training and weer development is also offered OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES Charitable Objects The Charity's Object5, as expressed in the Memorandum of Association, are 'lo carry on l￿dma1n1aIn Ihe Schoolfor IhE educaÉion ofgirls andyoung children as day scholars andas boarders. or day scholars only. in accordance Tvith the principles of ihe Church of England and to provide a sound religious educalion foi. gir13 and young childrep7'. Accordingly, the Charity must manage its finances, maintain its premises and facilities to an appropriale standard, employ staff with suitable qualifications and experience and fulfil its obligations as both a charity and a registered business. In accordance with its ObjeGts. the Charity provides education at its Calne campus for boys and girls aged 2-11 (St Margaret's Preparatory School) and girls aged 11-18 (St Mary's School). Boarding faci5ities are provided al St Mary's School and wa5 extended to St Margaret's Prepardtory School at the start of the academic year. Governors also seek to provide public benefit through the Schools. operations, as detailed on pages 5 and 6 and within the Schools, operdtional reports below. Slrntqlc Alffts & Objeclives St Mary's School and St Margaret's Preparatory School together represent a Christian Foundation that w¢lcom¢s pupils and staff from all faiths. St Mary's strategic aims are: Ambition Deliver a tailored and specialised curriculum to inspire a love of learning and enable our students to achieve top ¢lass a¢ademi¢ results. Guide and support every student to challenge themselves and reach their full potential. Prepare our students for higher education, care¢rs. l¢ad¢r5hip. and the challenges of a fast-changing global world. Opportunity Deliver a breadth of a¢ademi¢ and ¢04urricular opportunities to meet each student's ability, needs and interests. Create opportunities for adventure, exploration and discovery for all members of our community. Provide opportunities for girls from diverse backgrounds who would benefit from a St Mary's Calne education. Community Be a vibranL warni, open and inclusive Community, where Ix)arders and day students live with empathy and respect. Encourage our students to become proactive, engaged citizens who rnake a positive diff¢r¢n¢e to the world. Connect, collaborate and cornmuni¢ate with our dynamic, supportive and extensive alumnae network. Innovation Spearhead research and practice in adolescent developrnent. Foster creativity in the arts and sciences. encouraging freedom of thought and self-expression. Embrace new developments in technology to prepar¢ our students for the future.

St. Mary's School (Calne) (a company Iimited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 St Margaret's overarching aim of 'lnspiring Excellence, seeks to ensure that each pupil aspires lo fulfil his or her potential. This is Unde￿Inned by four key pillars: Igniting inter¢sts o W.B. Yeats wrote that education is not the filling of a pail. but the lighting of a fire. We wholeheartedly agree and as a result teaching throughout the school is tailored to inspire each individual child. meeting his or her needs with both class and specialist subject teacher5, SUPPOrted by an extensive array of resour¢es and technology. Children are encouraged to evaluate their own learning and, wilh suppott identify their next steps. Nurturing individuality Our family-focused approach allows us to work with 'Parents as Partners, to truly understand each Child and to ensure they feel understood. valued and secure. This helps us to nurture their individuality by encouraging meaningful relationships amongst peers, teachers and the wider school community. F05terÉng exploration We provide a trusted environment that enables our Ghildren to feel secure and ultimately have the confidence to take risks. By encouraging posittve relationships and time to reflect, we help them understand that making mistakes is part of learning and developing. ReAlising potentiAI We understand that every child is unique. We are committed to developing a culture of learning where pupils seek to be the best that they can bc. By working together on an individual level, we inspire our pupils to make sure they reach their full potential. Our Ghildren learn to understand that success requires perseveranc< courage and integrity. By establishing a growth mindset, we ¢an ensure continual improvement and the highest standards of expectations and achievement for all. Objeclivesfor ilie Year St Mary's objectives for the year were to: Appoint a new Head. Embed the 'Win Your Own Race. academic strdtegy. Establish collaborative 'learning walks,. Review the provision of enriching scholarship opportunities. Listen to pupils. concems relating to Wellbeing and implement ways to discuss these within the curriculum. Engage with parents about the effe¢tiveness of support available forthem and their Children and amend provision as necessary. Consult with all staff about their confidence to support pupil wellbeing and implement any additional provision required. To follow up with those who engaged in the 150th anntversary programme of events, and research, identify and ultivate other prospective donors who can support the Chrysalis Campaign to raise money for transformational bursaries. To develop and strengthen further our relationships wilh Prep SGhools and prospective parents both in the UK and overseas through a structured progrdmme of events, visits and activities with particular emphasis on the Lower School. To build our social media presence by effectively engaging with current and prospective parents, and the wider community, promoting our s¢hool's unique educational offerings and vaIue5 and fostering a sense ofbelonging. Identify options for adapting to V AT on fees. loss of MBRR and other threats. St Margaret's Objectives for the year were to.. Further develop the teaching of early reading by embedding Success For All Phonics programme in EYS and Pre-P￿p. To enhance the use of pupil achievement dats for all staff including Middle and Senior leaders by developing the use of tNSIGFrr data tracking at all levels of the organi5ation.

St. Mary's School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au st 2024 To enhanGe staff CPD by utilising an online platfomi (GTT) for professional learning in order to conttnue to promote high quality teaching and learning. To familiarise all stakeholders with the new ISI Inspe¢tAon Framework and begin to prepare for full inspection that is likely to occur in 24125. Planslor tltef4lure There are no plans to alter the Charity's Objects or the Schools. Strdtegi¢ aims. Governors are satisfled with current progress, but there will be continued emphasis on increasing pupil numbers over the medium term. Principal activilies olthe Year During the year St Mary's Schi)ol averaged 348 pupi15 (2022-23: 347) of whom 297 were boarders (2022-23: 291). St Margaret's averaged 166 pupils (2022-23.. 174). Public Benefik The Governors are ￿llY aware of ihe Schools, charitable and public benefit obligation4 and ¢onfim that they have complied with the duty in section 17 of the Charities Act 201 I to have due regard to public benefit guldance published by the Charity Commlssion, and in particular to its supplementary guidance on advancing education and on fee-charging, both with regard to the requirement to provide public benefit and in discharging their responsibilities as Iruslees. As education providers. the Schools actively support and prornote the attainment of the highest standards in the education sector, which includes the ongoing development of curriculum. the development of high-quality teaching and residential facilities. and networking 2nd resource sharing with other schools as well as local and professional organisations. During the calendar year 2023. St Mary's partnered with 17 state schools and over 1,000 stydents in maintained schools benefitted from such activities. In particular, we worked with Springfield's A¢ademy. Kingsbury Green Academy and many primary schools all in Calne or surrounding villages. These figures. considerably up the previous year in 2022 have been sustained in 2023. Over £47,000 was also raised for charity during the ￿adeMiC y¢ar 20234. This was particularly high as additional and unforeseen pupil initiatives to raise ￿ndS for Young Minds in memory of a teacher who died attracted a lot of support. Charities included the local Calne Food Bank. the Doorway Project, Save the Children, Loving Humanity and Lyme Disease UK. This year we have had all Lower Sixth students volunteering in the community for an hour a week. Of these. 19 were placed at Springfields Academy, several visited elderly resident5 at Penn Court. 8 volunteered at local NHS hospitals in Chippenham and Savernake (this involve5 a 2 hour placement for a minimum of6 months following a fomal application, interview and induction process) and the remainder of Lower Sixth were placed in a variety of primary sGhools in the Calne Area including Fynamore, Marden Vale, St Ed￿Unds, Cherhill. Hilmarton and Heddington where they may have been classroom assistants, listened to reading or in some ¢ases led specific projects such &$ a Classic5 or languages Club. In addition. a popular placement has been volunteering wfftth the local Girlguiding units. 17 LVI pupi15 5UPPOrted Rainbows. Brownies and Girlguide units, properly integrating them5¢1ve5 in the local community and making adifference to the Chtldren attending. We attend the Calne Area Heads meetings which plan future partnership projects. We nornially seek to invite all of the local primary schools in this cluster to participate in any partnership activities. The fonnat of projects can vary considerably from hour long ones such as the Chemistry Week workshop. to day-long workshops for example an Art and Lacrosse festival, as well as those which are ongoing 5uGh as Dance workshops. or th¢ Major Minors local Choir which has flourished over recent years and now perfomis at local community events. St. Margaret's Community Art Workshops were proud to host a range of creative and educational activities, engaging local children and educator5 alike. A standout event was the Funky Pigs workshop, designed for children in Years 2 and which was held in support of the Calne Music and Arts Festival. The workshop gave young participants a unique opportunity to explore ¢reativity through a fun, animal-themed art project. Additionally, our PopArt workshop welcomed children from Years 4, 5, and 6 from various local schools, offering them an exciting introduction to this bold and colourful artistic Style. Furthennore, we expanded our support for Early Years education by hosting a twilight CPD session on Purp03efyl Provision in Ihe Early Years. led by Miss Alanda Phillips. This session was attended by professiona15 from local nursery and EYFS settings, equipping them with valuable strategies to enhance learning in early childhood environments.

St. Mary's School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 Further development of these activities is continuin& with projects increasingly being devised in collaboration with other schools. Impact evaluation is also belng planned for future events. Both schools rnake provision for children for families who would not otherwise be able to afford their fees to benefit from the excellent education offered. During the year £1,439,023 (2022-23 £1,297,098) was directed to scholarships, grants and bursaries from unrestricted funds. This amounts to 7.vh of gross fees. St Mary's offer5 scholarships and exhibitions to talented girls at I1+, 13+ and forenty into the Sixth Forni. A scholarship award means that parents rnay apply for means-tested fee assistance of up to 100 % of the fees. During the year, 21 girls were in receipt of such awards. In addition. St Mary's offers an i i+ Foundation Scholarship, an A¢ademic award for pupils Coming from a State Primary School. whiGh can offer up to 100 % fee remission. During the year there were 6 Foundation Scholars at the school, including girls on IOOYO and 95 % fee remission. 37 girls were in receipt of means tested bursaries, 9 of whom received bursaries of 800/0 or more of fees. There were also 7 girls at St Mary's through the SpringBoard programme, 2 of whom were fully funded by the school. St Margaret's also offers means-tested bursaries. During the year 24 pupils were in receipt of 5u¢h awards, 5 of which were at 700/0 or above. 19 pupils across both schools were in receipt of a military bursary. St Mary's is also a partner with Radley College and Downe House in the Anned Forces Fund, which was set up to help educate the children of servi¢e men and women killed or wounded whilst serving their county. The schools also provide, where pos5ibl¢. hardship awards for the families of existing pupils where a change in financial ir¢umstance5 means they are no longer able to pay fvll fees. Employee Involvement and Equal Opportunilie5 Both teaching and non-teaching staff are provided with inforniation on Tnatt¢rs of concern to them, and of factors affecting the perfom1ance of the schools, through regular meetings and presentations. Employees are enc()Urn8ed to raise matter5 for discussion as appropriate and are consulted. usually infonnally. on matters likely to aff￿t their interests. Senior members of staff are regularly given the opportunity to brief Governors on matters of interest within their department, and Governors are encouraged to engage with staff. ask and answer questions whenever they visil the school. The Governors are committed to ensuring equality of opportunity in recruitment and employmen( with all applicants and employees receiving equal treatment regardless of gender. sexual orientation, maritsl status. rac4 colour. nationality, ethnic or national origins, religious belief, age or disability- We recognise that disabled people may hav¢ special requirements and will make reasonable adjustments to interview procedure5, work arrangements, premises, job design and training where necessary. Volunleers The Governors give freely of their time and the Schools ar¢ very grateful to th¢m for doing so. In addition, St Mary's School benefIts from the support of the Calne Girls Association (CGA) and the Parents. Guild of St Mary's School (PGSM), whilst SÉ Margaret's Preparatory School enjoys the support of an active Parents, Association. All three organisations helped with fundraising and cultural activities throughout the year. and Governors are thankful for the contribution these groups make towards the enhancement and progress of both S¢hools.

St. Mary's School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 STRATEGIC REPORT REVIEW OF THE YEAR STMAR Y'S SCHOOL The academic year starting in September 2023 was very successful with strong outcome5 for pupils in all &8pects of school life: Academic, Pastoral and Co-curricular. In December 2023, St Mary's finished a year of1511th anniversary celebrations, following the founding of the School by Canon John Duncan, Elinor Gabriel and Penelope Murray in 1873. Key events to round off the anniversary year were the Thanksgiving Service at Salisbury Cathedral led by Bishop Edward and the production of the Sound of Musi¢ which included pupils across the school age range. Tragically Spring Term 2024 saw the death of two members of staff.. Mr Paul Watts and Mr Justin Leang both members of staff are commemorated by plaques In the s¢hool Chapel and a service was held tr) dedicate the plaques in the Summer Terni. Academic The School supports Ihe academi¢ development and progress of around 350 pupils. A broad and enriching Gurriculum is offered throughout all stages of the school and girls thrive in the small class sizes with the support of the teaching, House and support staff. St Mary's Calne is proud of the culture of academia that comes from the high aspirations. industy and flair shown by pupils throughout the School. Teachers. Houses and Support Staff all help pupils to do their very best academically and achieve excellent outcomes. both in relative and absolute tems. Pupils are empowered to 'win their own ra¢e.' We celebrate a breadth of fantastic achievements in a variety of subject disciplines and across the whole attainment ran8e. Last year we launched 'Win Your Own Race, as our academic strategy which aimed to challenge the top. support the middle and scaffold the tail by looking to consciously develop and improve the way we differentiate in the classroom. Thi5 linked with our pre-existing Connected Teaching and Leaming policy that envisioned pupils being connected across subjects, digitally, with teachers and with the wider community to allow pupils and teachers to break free from silos and collaborate. The key message throughout the year was that we celebrate success in a variety of subje¢ts, both in absolute and relative terms. We are delighted to celebrate the achievements of our 2024 Leavers who, as a year group, have made a hugely positive impact on the community of St Mary's Calne. They have contributed as leaders, role models. eco-warriors, and Champions of Charity and, while doing this, they have also studied hard and achieved an exceptional set of A Level results. with 23Yo of grnd¢s at A and a value added score of +0.6. An extraordinary set of six girls have achieved As a¢ross all their A Level subjects. Our Leavers will be heading off to a varlety of first-class universities to read a broad range of subjects. Destinations include Oxford, St Andrews. Durham, Exeter, Newcastle. Bristol, Cardtff and Manchester. Congratulations to our students who have worked exceptionally hard to gain thelr places at these universities. At IIGCSE, an outstanding 63 % of all examinations taken were awarded grade 8 or 9 with 371/0 achieving the top grade of 9. An incredible four gir15 achieved straight 9s across all their GCSE subjects. In total, 821/10 of examinations tsken were awarded grades 9-7 (equal to A*.A in the previous grading system). The value added for the results was a highly impressive +1.5, meaning that on average each pupil achieved over one grade hkgher than expectation5. Scholarships and Exhibitions continue to be offered to tslented girls looking for enty at I1+. 13+ and the Sixth Fonn. Whilst these are largely honorary awards, families whose daughter have been offered a Scholarship or an Exhibition may apply for a m&4ns-tested Bursary (see Public Benefit section above). TheArts Our first whole school musical for years, The Sound of Musi¢, kicked off in the year in fine style. while also providing the dramatic climax to the school's 150th anniversary celebrations. A superb cast dazzled three packed houses with brilliant individual perforniances and ensemble sequences which brought all the classic songs to life- Climb Every

St. Mary's School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au st 2024 Mountain, Do-Re-Mi, Sixteen Going on S¢venleen, So Long Farewell, Edelwciss. and of course the title song (beautifully sung by Evie Medcalf as Maria). A genuine collaborative effort between Drama & Music, the hard work of all staff and students involved definitely paid offl. This was followed by Mrs Friends whimsical production of A MidsummerNighi's Dream for 4 on Tour, which took place at the Corsham Pound Arts Centre, and a lovely Roald Dahl revue by the LIV and Mtv. which included sections from Fantssti¢ Mr Fox. Charlie & the Chocolate Factory and some very gruesome scenes from The Twits! With our customary Dan¢e Show bringing us and Heddington School together, and our LVI fomi takin8 theEdinburgh Fringe by stonn with Rapunzel, it was another fiill and thrivingyear for the Dramadepartment. The music department started the year preparing for the1501h Thanksgiving Service at Salisbury Cathedral with a massed choir of over 100 singers. This came the week after the annual Cecilia James Music Festival and Company Shout which were raucous and impressive as always. The rest of the year was as busy as usual with visits to Fairways, St. Andrew's Lodge and Marden Court. finishing with the Carol Service at St. Mary's Parish Church in December. The new year was launched with the Sir Tim and Sir Bryn Vocal Prize Night ￿MpetitIon in January, the Merton College Oxford Choral Scholarship Workshop Day in February and Open Mi¢ Night at the end of the month. As usual, we attended the Pangbourne Piano Festival at the beginning of M￿h before rounding off the term wilh our Spring Concert at the Wiltshire Music Centre. The end of April saw the yearly Fourth Forni Music Festival with every member of the Ivth forni participating, b¢fore a trip to Eton at the beginning of May to join the Eton and Windsor Choral Society for a'come and Sing. evening for M02art's Requiem. Friday the 17th of May saw our inaugural evening of 'Strictly Calne Dancing,, with music pTovAded by Big Band who ended up playing for over two ho￿￿. Throughoul the year we kept a busy timetable of inforn]al lunGhtim¢ ¢on¢erts, music scholars. perforniance masterclasses and services at St. Mary's Parish Church. This past year has been exceptionally busy for the art department, culminating in a week-long exhibition at Gallery Different in London in early November. This event was a highlight of our 150th Anniversary celebrations, 5howca5ing the talent and creativity of current pupils, alumnae, and artists from our school community. Throughoul the year. the department has actively engaged with the co-curricular life of the school. offertng a variety of workshops led by both tea¢her5 and students. These initiatives have enriched our students, artistic experience5 and ft)5tered a sense of collaboration and creativity- One particularly exciting project involved using maths to design ¢¢ramic tile4 blending art and mathematics in innovative ways during our enrichment weeks. Additionally. we are proud to announce ihat several student art pie¢cs have been selected for exhibition at the annual Young Art competition at the Royal College of Art, with two pieces receiving Highly Commended awards. These accolades reflectthe hard work and dedication ofouryoung artists. As we look forward to more opportunities to celebrate and showcase ar¢ we are excited about the future and th¢ continued growth of our artistic community. Co-curricular Whilst the achievement of t0￿qUality examination ￿SuIts is a central tenet of the school, we also encourd8e pupils to strive for excellence in a wide range of sphe￿S through the cfrcurriculum. Through an extensive programme of clubs and activities we enable pupils to relish the prospect of hard work. to develop and deploy the necessary qualities of perseverance and detem]ination; to learn how to look after their own wellbeing and lead and support others. lo think broadly and deeply. to have an open mind. to make connections. to be bold and creative. to instil ambition and to have an appreciation that their future lies within their grasp through their own ¢fforts. Co-curricular opportunities are the natural envtronment to develop these habits and are. therefore, a vital and integral part of life for pupils at St Mary's Calne. These opportunities are woven into the fabric of the day. in the timetsble. in the evenings and at weekends Through the newly created position of DI￿lor of Co-curriculum, the quality and breadth of our ¢Owcurriculum has been enhanced. and the &ssociated rollout of new management systems and processes has ensured that the programme is coherenl and that evidence of attendan¢e and delivery is readily available. The majority of teaching staff and some support stsff lead co-curricular activities, and many have taken the initiative to provide new opportunities this year in addition to the established programme. For example, while the Writers, Guild, Model United Nations and Young Enlerprise have remained popular, new activities emerged inGludAng the Climbing Club, Equestrian Pilates and the Baking Club. all of which were in high demand. Sport. music and drama clubs fornied the backbone of the co-curriculum as in previous years, and hav¢ undoubtedly helped to create high perforniing teams. ensembles, and crew for our showcase ev¢nts. Educational visits support the academic cU￿1culUrn and provide opportunities for outdoor and adventurous aciivities and expeditions. St Mary's Calne offers pupils an extensive range of visits, from day trips within the UK. to residential visits at home and overseas. Over the year there were a significant number of day trips for pupils in every year group to museums, water sports venues, theatres. art galleries. subject-T¢lated festivals. competitions and many more places and events. The flagship World War One Battlefields residential trip to B¢lgium forour UIV pupils was at the heartof a wide

St. Mary's School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 range of residential trips which a150 included a Science and adventure tour to Madagascar, competitive and recreational skiing. a History of Art trip to Paris, Tennis camp in Mallorca and the LIV adventure camp in Bude. which has been nning for over thity years and is a fine exarnple of the ¢o-¢urri¢ular trddition being maintained at St Mary's Calne. Sport Sport is highly valued and popular at St Mary's Calne playing an important role in the day-to-day life of the girls. We remain driven to provide our girls with an exciting range of opportunities and experiences. Competitive team sport continues lo be an important feature of school life. This year there were some notable successes and perforniances to highlight. A clean sweep at the St Mary's Cup was followed with our senior lax teams reaching the last 16 at Nationals. There were international honours for one of our senlor pupils who was selected to represent Wales in the Home Internationals and ftir the World Cup in Hong Kong. Another played in the Women's National Hockey League for Bath Buccaneers. There was Netball success for the U14 and U16 both at the Area and at the Boreatton Park Tournaments. Our swim team finished in the top 24 nationally at Southwest qualifier for English Schools, the best result achieved by St Mary's team. One swimmer successfully moved through County, Regional and British Nationals qualifiers and competed at the London Aqualic Centre. At the National Equestrian Schools Championships St Mary's placed 4th overall in the individual and 8th in the team. One pupil was selected to compete at the Junior European Championships h¢lping Team GB to a silver medal. On the track an impressive 17 girls qualified for the Wiltshire Schools County Championships. Our annual Sports Day in June was a great suocess with a was a strong community feeling. Tennis has seen one of our most successful seasorts ever on the court, testimony to the strength in depih at the ￿h0O1. In the ISGTL we finished 4th overall. Currently the St Mary's Cale Tennis Academy gives 277 lesson5 each week. At our annual Sports Awards Evening we were joined by 172 pupils and two Team Bath netballers who pr¢5ented the awards and shared their journey in sport. It Was wonderful to celebrate the fantastic individual and colleclive achievements of the girls There have also been many highlights to celebrate off the playing field. Our sports scholars have been enjoying a development programme with Southern Sports Academy on the themes of movement, mindset, rest and recovery. Meanwhile our sports leaders continue to thrive and have given their time generously in the wider community and at St Margaret's Prep. This Culminated in a community primary lacrosse festlval in June whi¢h was well received by all the local young people who attended. We saw our first-¢ver'Parents and Guardians Lacrosse Taster Session, take place in the Autumn tem. In a similar vein the PGSM famtly tennis tournament saw 96 participants battle it out in 3 tournaments to ¢ater for all abilitie5 and levels of competitiveness. Both are great examples of the sense of community here. These events and he full programme intercompany competitions. along with the CAA visits to Cotswold Waterpark. equestrian lessons at Rein and Shine, the school ski trip to Borniio in Italy. the ski racing team cornpetition in Flaine and our annual P￿-Season tennis camp in Palma all add to the memorable experiences on offer to the girls at St Mary's Calne. Community We hold the concept of service in high regard and aTe deeply committed to helping the girls become compassionate and resilient leaders and to this end all the students in Sixth Form volunteer in the local community for at least a year. Placements include volunteering with the NHS in local hospitals, supporting the elderly. primary and secondary sch¢xil children both in school and at Girlguides. in addition to placements at our neighbouring school where learners have complex needs. Embedded in the school community is a desire to support those less fortunate and our pupils, mostly Sixth Fonners. plan and lead fundraising events ft)r a variety of causes. In academic year 20234 the focus for the annual Charity Week was Lyme Disease UK: motivated to fundraise whilst increase, pupils raised finds through a range of activities including an Open Mic Night and 24 hour sponsored Tennis Coach-a-thon. In addition, pupils planned and led a charity fashion show in aid of Loving Humanity, participated in the annual christm￿ Box Appeal, raised funds for World Down Syndrome Day, Young Minds. We Care, Doorway. Calne Food Bank and Save the Children, raising over £47,000 in totsl Our annual La¢rosse Festival for partner primary schools saw nearly 100 Year 5 pupils take part in an introduction lo lacrosse that finished with a mini-lacrosse tournarnent. Pupils from St Mary's led the sessions and geTserously gave their time to support the smooth running of the event. Our young (Y10) dance leadeTS Visita lo¢)1 primary s¢hool (Heddington) io

St. Mary, s School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 to teach a dance routine that then features in a joint St Mary's -Heddington Dance show. Our Major Minors choir - composed of children from local partner primary schools (often where our Lvl volunteer), dire¢ted by staff al St Mary's and 5UPWrted by staff at St Margaret's, continued to rehearse and perfornl publicly. The Choir gives the children confidence to stand up and sing in front of an audience, sometimes in small groups and some singing solo parts for the very first time. The Head of Community and Partnerships eontinues to meet regularly with Heads of local schools in Calne and the immediate area to facilitate the planning and organisation of collaborative activity. Via transforniative bursaries through our partnership with Royal National Children's Springboard Foundation, we supported 5 pupils at St Mary's. Two completed their education at St Mary's and have started university courses and our remaining three are in Year 9, 10 and I l. They are all fabulous ambassadors for the partnerships who nominated them to RNCSF programme and St Mary's. Future Inv￿tment To ¢ontinue providing a high-quality nurturtng environmenL the school is ¢ommitted to investing prudently in its futur and to providing pupils with a pleasan( stimulatiug and safe environment in which to live, learn and connect with others. Approximately 7 % of income is spent each year on maintsining and enhancing the school estate. This year. projects included the continuation of a refurbishment of Gibbins House. the installation of LED lighting in the main building and the music block, the refurbishment of the pupil loos in the Plumer Wing, the installation of new gales at the main entrance to further enhance the School's safeguarding atrangements and re-surfacing of the Florence Dyas car park. STMARGARET'S PREP St Margaret'5 had another successfijl year across all aspects of school life, delivering an exceptional academic edu¢atio excellent pastoral care. and a wide range of extracurricular opportunities for our students. Academic Year 6 pupils undertook their Senior School entrance examinations during the Spring terni. obtsining som¢ excellent results with all pupils re¢eiving offers from their first-¢hoi¢e schools. Leavers. senior school destinations included St Mary's Calne, Dauntsey's. King Edward's Bath, Sionar, Kingswood, Godolphin, The Royal High School Bath, St Mary's Ascot, Wycombe Abbey and various local state schools in Chippenham and Marlborough. We were particularly proud that over 700/0 of the cohort were awarded scholarships and exhibitions recognising their various strengths across the curriculurn- a total of 26 awards in total. During the year we implemented and con501idated Changes to the GU￿1cUluM and monitoring across the s¢hool. building on the work begun in the previous year. The main highlights were as follows: Learning EnhancemenÉ- The P¢7lhways Progromme We are proud to have success￿]IY completed the second year of our Pathways Programme, a leaming enhancement initiative designed for gifted and talented pupils in Years 4 to 6. The progrdmrne aims to provide students with opporthnities to explore learning beyond the cl&8sroom while developing a wide range of enriched skills and extended knowledg¢. Runntng throughout the a¢ademi¢ year, it covers themes su¢h as All About Me, LeadeTship. An Introduction , Mental Health & Wellbeing, STEM, and enrichment visits such as a fascinating introduction to Physics courtesy of Bath Spa University. Pupils are selected for the programme based on high perfomian¢e in their Developed Ability InCAS assessments. along with demonstrating particular strengths in either Maths or English. Curriculuffi The changes made to ihe English, Humanities, and Science curricula during the 2021122 academic year were further strengthened. establishing a curriculum delivery model suited for the 2 1st Century. In English, the book-based approach has given students a meaningful context for their learning, allowing them to apply the skills taught across the entire Curriculum. The blocked subject approach in the wider curriculum has enabled students to fully engage with their studies, leading to improved knowledge retention. Additional staff training ensured that all schemes aligned with National Cu￿1¢U1uM objectives, remained relevant and challenging for our students, and showed clear. logical progression acr05S year groups. This new approach, grounded in developments in cognitive psychology and working memory theories, has not only enhanced knowledge retention but also increased students, enjoyment of the curriGulurn.

St. Mary, s School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au st 2024 ASs￿sMent We are now in the second success￿1 year of using Insight, our online dats tracking tool, which we have expanded to include individual learning plans for our SEND pupils. In addition to monitoring formative and summative assessments from Reception to Year 6, Insight now serves as an effective cornrnunication tool between the Learning Support Department and class teachers. It enables us to track pupil progres4 asses5 ¢lass and year group perforniance against U￿1¢UlUM targets. and identify areas for intervention. With all historical data uploaded. Insight allows us lo monitor children's development over ttme. from key points in Reception, Year 2, and Year 6. Well-being Well-being remains a major focus across the school. and a carefully planned scheme is already in motion. Our initial emphasis has been on helping pupils settle into their n¢w Classes and promoting EASY (Enjoyment at School - Yes!) weeks. To support this, individualised Easy Cards have been introduced for children in Year l and al)ove. along with a dedicated board PToviding inforniation OD where to seek support if needed. Additionally, a well-being board near the school ¢ntran¢e offers tips on how to boost personal well-being. PASS (Pupil Attitudes to Self and School) assessments, ¢ondu¢ted from Years 2 to 6, continue to help us identify where ¢hildren may need additional support and any barriers to their leaming. These insights guide our work. whether through individual or small group interventions. We are also pleased to have a fully trained Emotional Literacy Support Assislant (ELSA). who is already making a positive impact by working with pupi15 individually and in groups. The Pastoral Team meets weekly to address child protection and well-being concerns. ensuring that issues are identified early so we can provide timely inlernal or external "Early Support." Sport St Margaret's rnanage$ a ¢ompetitive reputation alongside keeping all thc children participating on a weekly basis. Th¢ exciting sports programme has spread its wings further down in Pre-Prep with the addltion of U7 athletic festivals in the summer. The superb on-site factlities. including 6 lane, 25m indoor swimming pool, a multi-purpose sports hall, full size all- weather astro pitch and a competition grade climbing wall which includes varied three-dimensional climbing surfaces for all ages throughout the school. Further development has taken place on its netball and tsnnis courts which now benefit from tiered spectator seating. Health Related Fitness sits firnily in the Physical Education Curriculum ft>r all pupils. This has given children increased fitness levels and seen an overall improvement in their general well-being. Martial arts are popular with our pupils and continues to grow. The pool is a wonderful facility which accommodates all pupils from Bluebird Nursery Ihrough to Year 6 swimming at least onee a week. Squad swimmlng has been restructured for the academic year 2024-2025 with the introduction of progressive swimming pathways providing training for children ai appropriate levels. Throughout th¢ sohool year, increased opportunities for enrichment activities including water sports. outdoor pursuits and bush¢raft are popular with our children. Swimming and games remain a strength. where St Margaret's punches above its weight in local, regional. and national rA)mpetitions. Performlng Arls St Margaret'5 has enjoyed another successful year celebrating the perfonning arts and developing pupils, ¢onfidence across dram4 dance and music. 12

St. Mary, s School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 Aulumn Term 2023 The Harvest Festival was a great success, with a large thrnout of parents who enjoyed perforniances by the Pre-Prep, Prep, and Chamber Choirs. Father Jonathan led the service, but we enhanced pupil involvement by featuring poetry recitations and having Year 6 students lead the Ger¢mony. We concluded the temi with a wonderful P￿p Carol Service in a full Chapel, following impressive and engaging perforn]ances by our youngest pupils in the EYFS and Pre-Prep Nativities. as well as an energetic show from both the Orchestra and Rock School. Spring Term 2024 We launched a new concert series open to all children from Years I to 6. incorporating both Music and Drama. The House Concerts celebrated perfonners of all levels, from early beginners to Grade 6 standard, offering younger pupils the chance to be inspired by more experienced musicians and actors. Years 3 and 4 put on a fantastic perfomance of A Funny Thing Happened on the Way to Camelot. featuring creative sets, lighting. and costumes that Gaplivated their audiences. The Prep Spring Concert highlighted the talents of our choirs. orchestra, and Music Scholars. We facilitated our main session of LAMDA exams to the Spring term. avoiding the Summer trips and events. and were rewarded with success for all our budding actors. Supnmer 2024 The standout perforniance of the term was the sp¢ctacular production of Joscph and the Technicolour Dreamcoat. A brilliant set. designed by Ms. Paroussi and brought to life by Brian Merritt and the maintenance team, inspired the cast to give their all. and the audience showed great appreciation. Rock School's popularity soared throughout the year. wlth this temi's perfonnanre featuring two larg¢ bands, expertly guided by our guitar and drum teachers. Music exam sessions (ABRSM. Trinity, and Rock & Pop) were held regularly. with high numbers of Distinctions and Merits achieved. thanks to our exceptional vfftsiting music staff. Most children are now opting for live exams overrecorded ones. and their feedback has been overwhelmingly positive - performing for an examiner in pe￿On gives them a true sense of accomplishm¢nL 13

St. Mary, s School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 FINANCIAL REVIEW AND RESULTS FOR THE YEAR The Charity recorded a surplus before investment gains and fair value adjustments of £0.6m (2022-23: deficit of £0.4m), a net surplus of 3.20/0 (2022-23.. deficit of 2.3•/0). This excludes the results of the Calne Foundation Trust. Fees were increased from September 2023 by 80h, following the prior year when the fee increase of 4.80/0 had been outstripped by cost base inflation. Pupil nurnbers at St Mary's and St Margaret's rose by 3 /0 and 8 /0 at each school respectively by the end of the academic year, and so while some cost savings were found, the overall financial result was better than expected due to additional income. St Mary's School (Calne) Services Limited made a deficit of £33.321 (2022-23.. deficit of £50,009). The CFT achieved investment income of £60,328 (2022-23.. £31,713) and had a surplu5 before investment gains of £334.529 (2022-23: £123.125). Total investment 8ains were £2.673 (2022-23.. losses of £5,310). Fundrolsing The Charity does not use external fundraisers. Our Director of External Relations is responsible for monitoring all fundraising activities undertaken. The Calne Foundation Twst was established in April 2012 to undertake fundraising and alumnae management strategies to support both schools. A key focus now As on building a strong and sustainable Bursary Fund to support the award of means-tested bursaTies so that children from less advantaged families can benefit from the outstanding education and transformational opportunities that we offer. Reserves Policy un￿strICted Funds at 31 August 2024 W¢Te £16.594.364 (2022-23". £15.875.534). all of which represented funds deployed a5 part of premises. facilities and equipment. Restricted Funds at 31 August 2024 were £10,120,738 (2022-23.. £9.830,245) and Endowed Funds £74,862 (2022-23: £66,870). The Charity ha5 no free reserves. This is typical of many independent schools due to the high value of fixed assets and the n¢ed for continuing capital expenditure from retained reserves, in support of our charitable objects. Governors, policy is to maintain adequate rese￿eS to ensure the future development of the schools. allowin8 for capital investment to maintain and enhance the educational provision offered. Going Concern Cash flow projections and forecasts covering the next 5 years are reviewed in detail at each termly meeting of the Finance & Genernl Purposes Committee. This includes Stress testing to assess the effect of any variations in the underlying assumption5 relating to pupil numbers, fee levels, inflation and interest rates. Cash flow projections have also been reviewed covering a period in excess of 12 months from ihat date of signature of the accounts. This analysis. together with review of monthly management accounts and our budget process has satisfied the GovemoTS that the School will continue to be a going concern and the accounts have been prepared on this basis. Any operational SUTpIus is used to invest in the educational activities of the Charity. repay loans and to maintsin and improv¢ the site, and this is reflected in the value of fixed assets on the Charity's balance sheet. Jnvestment Objectives and Performance Governors aim to optimise the overall return on investments within the overarching objective of 5UStaining income while Continuing to preserve the real value of endowed investments, and to maximise income on short-temi invested restricted funds. Endowed Funds representing the Scholarship, Prize and Capital Funds are invested in shares in the Central Board of Finance Investment Fund. These investments generated gains of £7.992 (2023: losses of £1,344). 14

St. Mary's School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 RESPONSIBILITIES OF THE GOVERNORS The Governor5 (who are also Directors of St Mary's School (Calne) for the purposes of company law) are responsible for preparing the Annual Report of the Governors and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). Company law requires the Governors to prepare flnancial statements for each financial year that give a true and fair view of the state of affairs of the Charity and the group and of the incoming resources and application of resources. including the income and expenditure of the group for that period. In p￿ParIng those financial statements, the Governors are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles of the Charities SORP- make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departure5 disclosed and explained in the financial statem¢nts' and prepare the financial statements on the going concern basis unless it is inappropriate to presume thatthe Charity will continue in business. The Governors are responsible for keeping proper accounting records that disclose with reasonable a¢¢uracy al any time the financial position of the charitable company and the group and which enable them to ensure the financial statements comply with the Companies Act 2006. The Governors are also responsible for safeguarding the assets of the charitsble company and the group and hen¢e ftjr taking reasonable steps for the prevention and detertion of fraud and other irregularities. The Governors confjmi that they have complied with the duty of Section 4 of the Charities Act 2011 to have due regard to the Charity Commission's generdl guidance on public benefit. The Governors have referred to the guidance in the Charity Commission's gen¢rdl guidance on Publi¢ Benefit when reviewing the School's airn5 and obje&iv¢s and in planning the S¢hool's future activities. In particular, the members of the Governing Body have considered how planned activities will contribute to the aims and obj￿tIveS that have been arti¢ulated. HOW THE BOARD COMPLIES WITH ITS SEcfioN 172 DUTY Under Section 172 of the Companies Act 2006 the Board of Governors. as Company Directors, has a duty lo prornote the long-term su¢¢ess of the Charity and in doing so to have regard (amongst other matters) to: the likely consequences of any decision in the long t¢￿- the interests of the charitable cornpany's employees. the need to fost¢r th¢ rharitable company's business relationships with suppliers, customers and othcTS' the impact of the charitable company's operntions on the community and the environrnent. the dcsirability of the charitable company maintaining a reputation for high standards of business conduct. and th¢ need to act fairly as between members of the charitable cornpany. The Charity is govemed in accordance with the struGthr¢ outlined on page 2. Governots are responsible foT strategic planning and policymaking and, accordingly, all key de¢isions relating to these are taken by the Board. As set out on pages 5 and 6, the Charity has developed. and will continue to foster. partnership5 in the community. This is mutually benefi¢ial: it gives our pupils a sense of responsibility and service to others. and helps to widen access to facilities and education for local children. Through membership of HMC. IAPS. AGBIS and ISBA, and through networking with peer group5, we ensure that we are able to atlain the highest standards of quality and perfornianc¢. Details of how the Charity has engag¢d with employees and had regard to employee interests and can be found within the Employee Involvement and Equal Opportunities section on pages 6 and 7. Below this on page 7 there are details of our volunteers. We believe that the success of the Charity in meeting its charitable aims is demonstrated throughout this report. 15

St. Mary's School (Calne) (a company limited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 STREAMLINED ENERGY & CARBON REPORTING We are required to report on greenhouse gas emissions and energy use data for the financial year. The transport. LPG and domestic property consumption is small and has been excluded from this report as it is de minimis. Otherwise, key data for the site is summarised as follows: UK GHG Emission and Ene Dats 2023-24 2022-23 2021-22 2020-21 2019-20 Energy consumption used to cgleulate emissions (kwh) 4J05,803 4,573J35 4,973562 4,917065 4,843J99 S¢ope I: Emissions from the eombustion of Naturdl Ggs tC02e 537.33 581.63 640.73 660.68 657.33 DEFRA Conversion Rate for Gas U5¢d in above calculation C021kWh 0.18 0.18 0.18 0.18316 0.18387 Scope 2: Emissions from purehased Eleetricity tC02e DEFRA Conversion Rate for Electricity used in above calculation C021kWh 277.33 277.91 273.43 278Jl 295.57 0.21 0.207074 0.19338 0.21233 0.23314 Total gross Cole based on above (tclhe) Intensity Ratio l.. tonnes Coze gross based on mandatory fields above per metre square of Gross Internal Area tonne C02e m- 814.66 859.54 914.16 938.99 952.90 0.032 0.034 0.036 0.037 tonnes C02e m-2 0.038 tonne5 Cole tonnos Cole tonne5 Cole tonne$ C02e m-2 Gross Internal Area used to calculate 25,438m' 25,438rn' 25,438rn' 25,438m' 24,813m (new library added 2020 @ 625m') Intensity Ratio 2: tonnes CO2e gross based on mandatory fields above per pupil 1.55 tonne 1.65 1.75 tonnes C02e I Pupil 1.8 tonnes C02e I Pupil 1.8 tonnes C02e I Pupil tonnes C02e I Pupil C02e I Number of pupils used to calculate 525 521 522 522 529 16

St. Mary's School (Calne) (a company Iimited by guarantee) ANNUAL REPORT OF THE GOVERNORS for the ear ended 31 Au ust 2024 ENERGY EFFICIENCY & ENVIRONMENTAL ACTIONS The School is fully committed to improving its carbon footprint and to reducing the environmental impact of its operations. Many of the buildings on site were constructed at a time when the importance of energy efficiency was not so well-understood, and consequently they have poor thermal charncteristics. We have a phased progrnmme lo improve insulation and efficiency where possible. During th¢ year the following actions were amongst those taken to reduce energy Gonsumptton and carbon emission4 and to improve the environment.. Replaced several ageing and inefficient gas boilers and ￿ocIated plant in a number of buildings with more efficient units. Reduced the amount of waste going to landfill by tsking our ￿CYClIng back in house. This is segregated and stored awaiting a singular collection, as opposed to many different trucks attending site weekly. This will also help to reduce our carbon footprint. Continuation of the rolling programme to introduce LED lights and motion sensors throughout th¢ school, in particular through the rnaxn school buildings, classrooms and the Theare lighting from tungsten to LED. Repla¢ement of approximately forty single pane Crittall wtndows for double glazing in a boarding house. This will reduce heat loss along with our carbon emissions due to reduced energy usage. A commitment 15 now in place to install solar panels during the next year. following an independent study to identlfy where they should best be located. Air and ground source heat pumps will also be considered going forwards to meet future energy needs. Continued active encouragement of 5tsff and pupils to switch off lighls and equipment when not in use, and to turn down rddiators where possible. Where practical. we will prioritise electric powered transport in fil￿re both when replacing our own vehicles and when sourcing transport services. STATEMENT AS TO DISCLOSURE OF INFORMATION TO THE AUDrroR The Governors who were in office on the date of approval of these financial statements have ¢onfirnied, as far as they are aware. that there is no relevant audit inforniation of which the auditor is unaware. Ea¢h of the Governors have confirmed that they have taken all the steps that they ought to have taken as Govemors in order to make themselves aware of any relevant audit inforniation and to estsblish that the auditor is aware of that inforn]ation. The Governors, Report and incorporated Strategi¢ Report were approved and authorised for issue by the Board of Governors of St Mary's School (Calne) on 30 November 2024. Mr S Adde Chairnian of Governors 17

St. Mary's School (Calne) (a company limited by guarantee) INDEPENDENT AUDITOR'S REPORT for the ear ended 31 Au ust 2024 Opinion We have audited the financial slatements of St Mary's School (Calne) (the 'parent charitable company,) and its subsidiaries (the 'group') for the year ended 31 ALt8llSt 2024 which comprise the Consolidated Statement of Financial Activities. the Group and Company Balance Sheets, the Con501idated Statement of Cash Flows and notes to the financial statements. including significant accounting policies. The financlal reporting framework that has been applied in their preparation is applicable law and United Kingdorn Accounting Standards, including FRS 102 "The Financial Reporting Siandard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice). In our opinion the finan¢ial ststements: give a true and fair view of the state of the group's and the parent charitable company'5 affairs as at 31 August 2024 and of the group's incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnion We conducted our audit in accordan¢e with Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial staternents section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Governors. use of the going con¢em basis of accounting in the preparation of the financial statements 15 appropriate. Based on the work we have perfornied, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the group's OT parent Gharitable company'5 ability to continue as a going coneern for a period of at least twelve months from when the financial ststements are auihorised for issue. Our responsibilities and the responsibilitie5 of the Governors with respect to going ¢on¢ern are described in the relevant sections of this report. Other information The other inforniation comprises the inforniation included in the Annual Report of the Governors other than Ihe financial statements and our auditor's report thereon. The Governors ￿ responsible for the other inforniation contained within the Annual Report of the Governors. Our opinion on the financial statements does nol cover the other infotmation and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assuranee conclusion thereon. Our responsibility is to read the other infomation and, in doing $0, ¢onsider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the Course of the audit or otherwise appears to be materially misststed. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselve5. If, based on the work we have pcrfonned, we conclude that there is a rnaterial misstatement of this other inforniation. we are required to report that fact. We have nothing to report in this regard. 18

St. Mary's School (Calne) (a company limited by guarantee) INDEPENDENT AUDITOR'S REPORT for the ear ended 31 Au st 2024 Opinions on other matters prescribed by the Companies Aet 2006 In our opinion, based on the work undertaken in the course of the audit.. the inforniation given in the Annual Report of the Governor& which includes the Directors, Report and thc Strategic Report prepared ft*r the purpose5 of company law, for the financial year for which the financial statements are prepared is consistent with the financial staternents. and the Directors. Report and the Strategic Report included within the Annual Report of the Governors have been prepared in accordance with applicable legal requirements. Matter5 on which we are required to report by exteption In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtsined in the course of the audit, we have not identified material misstatements in the Directors, Report or th¢ Strategic Report included within the Annual Report of the Governors. We have nothing to report in respect of the following matters where the Companies A¢t 2006 require us to report to you 'f, in our opinion: adequate ￿CountIng records have not been kept by the parent charitable company. or returns adequate for OUT audit have not been received from branches not visited by us" or the parent charitable company financial statements are not in agreement with the ac¢ounting record5 and returns. or certain disclosures of trnstees, remuneration specified by law are not made. or we have not received all the inforniation and explanattons we require for our audit. Responsibilities of Covernors As explained more fully in the Statement of Govemors, responsibilities set out on page 15, the Governors (who are also the directors of the charitabl¢ ¢ompany for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal contToI as the Governors deterniine is necessary to enable the prepardtion of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the Governors are responsible for &ssessing the group's and parent charitable company's ability to continue as a going con¢ern. disclostng. &8 applicable, matters related to going concern and using the going concern basis of accounting unless the Governor5 either intend to liquidate the group or parent Charitable company or to cease operations, or have no r¢alistic alternative but to do so. Auditor's responsibilities for the audit of the financial statetnents Our objectives are to obtain reasonable assurance about whether the financial statements a5 a whole are free from material misstatemenL whether due to fraud or error. and to issue an auditor's report that in¢ludes our opinion. Reasonable a55urance is a high level of assuran¢e, but is not a guarantee that an audit conducted in a¢¢ordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements ¢an arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of Users taken on the basis of these financial statements. The extent to which the Audit was considered capable of detecting irregularities. ineluding fraud Irregularities are instances of non-cL)mpliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and dis¢losures in the financial statements, to perfornl audit procedures to help identify instances of non-compliaft¢e with other law5 and regulations that may have a material effect on the financial Statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit. 19

St. Mary, s School (Calne) (a company limited by guarantee) INDEPENDENT AUDITOR'S REPORT for the ear ended 31 Au ust 2024 In relation to frdud, the objectives of our audit are to identify and &8sess the risk of material misstatement ofthe financial statements due to frdud. to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing approprlate responses and to respond appropriately to fraud or suspected fraud identified during the audit. However, it is the primary responsibility of management. with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordan¢e with the provisions of laws and regulations and for the prevention and detection of fraud. Jn identifying and assessing risks of material misstatement in respect of irregularities. including fraud, the group audit engagement team: obtained an understanding of the nature of the seGtor. in¢luding the legal and regulatory framework that the group and parent charitable company operate in and how the group and parent charitable company are complying with the legal and regulatory framework. inquired of management. and those charged with govemanGe, about their own identification and assessment of the risks of irregularities, including any known actual,-suspected.or alleged instances of fraud. discussed matters about non-compliance with laws and regulations and how fraud Might ocGur including assessment of how and where the financial statern¢nts may be susceptible to frdud. As a result of these procedures we consider the most Sl8nific2nt laws and regulations that have a direct impact on the financial Statements ￿ FRS 102, CharitÉes SORP {FRS 102), Companies Act 2006, Charities Act 2011. the parent charitable company's governing documen¢ tax legislation and Charities (Protection and Social Investment) Act 2016. We perfornied audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing the financial statements including the Report of the Governors. remaining alert to new OT unusual transactions whi¢h may not be in accordance with the governing do¢umenls, inspecting Correspondence with local tax authorities and evaluating advice received from inten)allexternal advisors. The most significant laws and regulations that have an indirect impact on the financial statements are The Education (Independent School StaTLdards) Regulations 2014, Keeping Children Safe in Education under section 175 of ihe Education Act 2002. and the UK General Data Protection Regulation (UK GDPR). We perfornied audit procedure5 10 inquire of management and those charged with governance whether the charitable company is in compliance with these law and regulations and inspected correspondence with regulatory authorities. The audit engagement team identified the risk of rnanagement override of controls and income recognition as the areas where the financial statements were most 5us¢eptible to material misstatement due to frdud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments. evaluating the busine55 rationale in relation to significant, unusual transactions and transactions entered intr) outside the normal course of business. challenging judgments and estimates and perfonning substantive test of details over a sample of donations and other income. A further description of our responsibilities for the audit of the financial statements is provided on the Financial Reporting Council's website at h ww.fr¢.or .uklauditorsres onsibilities. This de￿rIptIon forms part of our auditor'5 report. 20

St. Mary's School (Calne) (a company limited by guarantee) tNDEPENDENT AUDITOR'S REPORT for the ear ended 31 Au ust 2024 Use of our report This report is made solely to the charitsble company'5 members. as a body, in a¢¢ordance with Chapter 3 of Part 16 of the Cornpani¢s A¢t 2006. Our audit work h&q been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the charitable Company and the charitable company's members as a body, for our audit work, for this reporL or for the opinion5 we have fomied. KERRY GALLAGHER (Senior Statutory Audltor) For and on behalf of RSM UK AUDIT LLP, Statutory Auditor Chartered Accountants David50n House Forbury Square Reading Berkshire RGI 3EU Date: 21

St. Mary's School (Calne) (a company limited by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT for the year ended 31 August 2024 Total Funds 2024 Total Funds 2023 Unrestri¢ted Funds Restricted Funds Endowment Funds Notes INCOME FROM.. Charitable activities School fees receivable Other educational income Other ancillary trading income Other trading activities Investment income Donations 3(a) 16,855,911 3(b) 287,077 16.855,911 287.077 15,551,336 273,052 3(b) 3(c) 3{b) 3{b) 293,332 693,834 120,982 2,348 293,332 693.834 157.155 437.390 277,089 652,932 102.922 257.342 36.173 435.042 Total income 18,253,484 471,215 18,724.699 17.114.673 EXPENDITURE ON.. Charitable activities School operating costs (16,465.720) (337.404) (16,803,124) (16,432.869) Raising funds Other trading expenditure School financing Costs (990.408) (90,878) (990,408) (90,878) {968,751) (109,058) (17,547.006) (337.404) (1,081,286) (1.077,809) Total expendlture (17,547,006) (337.404) (17,884.410) (17.510,678) Net gains on investments 12J52 156,682 7.992 177.026 1.501 Gross transfers between nds 19-21 NET INCOMEI(EXPENDITURE) NET MOVEMENT LN FLfNDS FOR THE YEAR 718,830 290,493 7.992 1.017.315 (394.504) 718,830 290.493 7,992 I,Ol7.315 (394.504) Fund balances at start of year 15,875,534 9,830.245 66,870 25.772,649 26.167,153 Fund balances at end of year 19-21 16,594,364 10,120,738 74,862 26,789,964 25,772,649 The notes on pages 24 to 48 forni part of these accounts.

Company Registration No. 00235572 St. Mary, s School (Calne) (a company limited by guarantee) BALANCE SHEETS as at 31 August 2024 GROUP 2024 SCHOOL 2024 2023 2023 Notes FIXED ASSETS Intangible assets Tangible assets Investment property Investment assets 27.947,026 608,641 1.585,551 28.798.740 302.313 1,403,909 27,907.886 28,780,550 io 227.095 209,424 30,141.218 30,504.962 28,134.981 28,989,974 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 12 13 102.250 3.862.801 6,223.495 107,624 4,041.621 2,563,953 99.410 3,478.975 5,544.355 104,170 3,932,793 1,586,871 10,188.546 6,713.198 9,122.740 5,623,834 CREDITORS: Amounts falling due within one year 14 (9.366,181) {7,966.456) (9226.535) (7,833,938) NET CURRENT (LIABILITIESYASSETS 822J65 (1253,258) (103,795) (2210.104) TOTAL ASSETS LESS CURREIYT LIABILITIES 30.963.583 29.251,704 28,031,186 26,779,870 CREDITORS.. Amounts falling due after more than one ye8r 15 (4.173.619) (3.479,055) (4.173,619) (3,479,055) NET ASSETS 26.789,964 25,772,649 23,857,567 23,300.815 FINANCED BY: Endowment funds Restricted funds Unrestricted funds Revaluation reserve 19 20 21 21 74,862 10.120.738 15,970,376 623,988 66,870 9,830,245 15,251,546 623.988 64,512 7,129,752 16.039,315 623,988 59.193 7,304.000 15.313.634 623,988 Total funds 26,789,964 25.772.649 23,857,567 23,300.815 The entity has taken exemption from presenting its individual profit and loss account under section 408 of Companies Act 2006. The net movement in funds forthe parent charity was a incre&se of£O.56m (2023: increase of £0.47m) and the net income for the year was £0.56m (2023: income of £0.47m). Approved and authorised for issue by the Board of Governors of St. Mary's School (Calne) on signed on its behalf by: Mr S Adde Chaiman of Governors The notes on pages 25 to 48 form part of these a¢counts. 23

St. Mary's School (Calne) (a company limited by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS for the year ended 31 August 2024 2024 2023 Notes C8sh flow from operting aetivities: Cash generated by operation5 Interest paid 22 4.421,970 1.275,404 (90.878) (109.058) Net eash from operating activities 4J31,092 1.166.346 Cash flows from investing activities: Dividends. interest and rents from investments Pu￿hase of tangible assets Purchase of investment property Proceeds from sale of investment assets Purchase of investment assets 157,155 102.922 (347,228) (610,803) (306,328) 13,156 (17,772) 11,666 (16,164) Net c&sh used by investing activities (501.017) (512,379) Csh flows from financing aetivitles: Repayments of loans (170.533) (1,217,107) Net cash from financing Activitles (170,533) {1217,107) Movement in c4sh 3,659542 (563,140) Cash and cash equivalents at the beginning of the reporting period 2.563,953 3.127.093 Cash and eash equivalents at the end of th¢ reporting period 6.223.495 2.563,953 AnAlysis of r#sh and cash equivalents: Cash at bank and in hand 6.223,495 2.563.953 The notes on pages 25 to 48 fonn part of these accounts.

St. Mary's School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS for the year ended 31 August 2024 ACCOUNTING POLICIES CHAIUTY tNFORMATION St. Mary's School (Calne) is a private company limited by guarantee and incorporated in England and Wales. The registered office is St. Mary's School, Curzon Street. Calne, Wiltshir< SNI I ODF. St. Mary's School (Calne) meets the definition of a public benefit entity under section 34 of FRS 102. The principal objectives ofthe school are detailed in the annual report of the Governors found on page 2 of these finan¢ial statements. Detai15 of the School's subsidiaries and their activities are given in note 3{c) to these a¢¢ounts. The financial statements are prepared in sterling, which is the functional currency of the Group. Monetary amounts in these financial statements are rounded to the nearest £. BASIS OF ACCOUNTS PREPARATION The finanGial statements have been prepared in accordance with Accounting and Reporting by Charities: Ststemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019 (Charities SOBP IFRS 102)) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The accounting poli¢ies disclosed have been applied consistently throughout the current and preceding yeat. REDUCED DISCLOSURES FRS 102 allows qualifying entities certain disclosure exemptions. The School only has taken advantage of the exemptions for the following disclosure reqU1￿Ments. Section 7 "Statement of Cash Flows"_ Presentation of a Statement of C&sh Flow and related notes and disGlosures. BASIS OF CONSOLIDATION These financial Statements consolidate the assets, liabilitiC5 and results of the School. its wholly owned nOn￿￿arI￿bI¢ subsidiary St. Mary's School (Calne} Services Lirnited and its charitable subsidiary The Calne Foundation Trust on a line by line basis. These financial Statements also include the assets. liabilities and results of The Calne Foundation Trnst. a registered ¢harity which holds assets on behalf of th¢ School. Any intra-group transactions are eliminated on consolidation. A separnte sta*ment of financial a¢tivities (including income and expenditur¢ account) for the School itself is not presented as perniitted by Section 408 of the Companies Act 2006. GOtNG CONCERN Cash flow projections and forecasts covering the next 5 years are ￿vIeWed in detail at each tern]ly meeting of the Finance & General Purposes Committee. This includes stress testing to assess the efftcl of any variations ID the underlying assumptions relating to pupil nurnbers, fee levels. inflation and interest rntes. Cash flow projections have also been reviewed covering a period in excess of 12 months from that date of signature of the accounts. This analysis. together with review of monthly management accounts and our budget proeess has satisfied the Governors that the SGhool will continue to be & going concern and the accounts have been prepared on this b&sis. Any operational surplus is used to invest in the educational activities of the Charity, Tepay loans and to maintain and improve the site, and this is reflected in the value of fixed assets on the Charity's balance sheet. 25

St. Mary, s School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 ACCOUNTING POLICIES (continued) FEES AND SIMILAR INCOME Fees receivable and charges for services and use of premises are accounted for An the period in which the service is provided. Fees receivable are stated after deducting allow3nces. scholarships and other remissions granted by the Group. Fees received in advance of education to be provided in future years under an Advance Fee Payments Scheme contract are held as interest-bearing liabilities until either tsken to income in the lerni when used or else refunded. Investment income eamed on them in the meantime. if exceeding the provision for any debt-financing costs arislng underthe contrac¢ is taken to a designated fund to cover any ultTmate shortfall that may arise on the Scheme. All other types of income, in¢luding investment income. are a¢¢ovnted for on an accruals basis and when the Gmup has entitlemenL the aTnount involved can be reliably quantified and a transfer of economic benefit to the Group is probable. DONATIONS AND FUND ACCOUNTtNG Donations and legacie5 are accounted for as and when the Group has entitlement, the amount involved can be reliably quantified and a transfer of economic benefit to the Group is probable. Donations receivable for the general puryoses of the Group are credited to Unrestricted Funds. Donations for PUTposes restricted either by the wishes of the donor or the tenns of the appeal are taken to Restricted Funds where these wishes are legally binding on the Governors, except that any amounts required to be retained as capilal in a¢cordan¢e with the donor's wishes are accounted for as endowments - pernianent or expendable according to the nature of the restriction. EXPENDITURE Expenditure is recognised once there is a legal or constructive obligation to transfer ecoDOmiC benefit to a third party, it is probable that a transfer of ewnomic benefits will be required in settlement and ihe amount of the obligation can be measured reliably. Expenditure is ¢lassified by activity. The costs of ¢a¢h a¢tivity are made up of the total of direct costs and Shared costs, including support costs involved in undertaklng each activity- Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs whiGh contribute to Tnore than one aGtivity and support costs whi¢h are not attributable to a single activity are apportioned between those activities on a basis ¢onsistent with the use of resources. Central staff costs are allocated on the b&8is of time spent. and depreciation charges allocated on the portion of the asset's use. The irr¢￿verable element of VAT is inrluded with the item of expell￿ to which it relates. ED4fpLOYEE BENEFITS The best estimate of the expenditure required to settle an obligation for temiination benefits is ￿COgnised immediately as an expense when the charitabl¢ ¢ornpany is demonstrably committed to temiinate the employment of an employee or to provide temiination benefits. PENSION SCHEMES St. Mary's School (Calne) contributes to the Teachers, Pension Defined BenefIts Scheme. The TPS is an unfunded scheme and contribulions are calculated so as to spread the cost of pensions over employees, working lives with the School in such a way that the pension cost is substantially a level percentage of current and fu￿re pensionable payroll. The contributions are detemiined by the Government Acluary on the basis of quadrennial valuations using a prospective unit credit method. The TPS is a multi-employer s¢heme and there is insufficient infonnation available to used defined benefit accounting. The TPS is therefore treated as a defined ￿ntributIon Scheme, as detailed in section 28 of FRS 102, for accounting PUTposes and the contributions recognised in the period to which they relate. Non-teaching staff contributs to a defined contribution scherne where the assets are held in an entity separate to the School. Contributions towards this scheme are accounted for in the period to which they relate. 26

St. Mary, s School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 ACCOUNTING POLICIES (continued) TANGIBLE ASSETS Capitalisation and repla¢ement New buildings, major improvements and extensions are capitalised at their original cost. All repairs are charged to the Statement of Financial Activities when the cosls are incurred. Fumiture and equipment acquired for new buildings, major extensions and new projects are capitalised at their original ¢ost. Assets below £l.000 are not capitalised. Depreciation Land is not depreciated. Deprecialion of other assets is provided at rates calculated to write off the excess of cost over estimated residual amount evenly over the estimated useful economic lives of each Glass of asseL subject to annual review. These rates are currently as follows: Freehold buildings Furniture, fittings and equipment Motor vehicles 2_IOQh straight line method 100/0, 20 % or 330/0 straight line method 250/0 reducing balan¢e method The assets in the course of construction shown in note 8 relate to assets whi¢h had not been brought into use at the year end. No depreciation has been charg¢d on these assets. TANGIBLE ASSETS Intangible fixed assets costing £l.000 or more are capitalised and recognised when futUTe economic benefits are probable and the cost or value of the net asset can be measured reliably. Intangtble assets are initially recognised at cost and are subsequently measured at cost net of amortisation and any provision for impairment. Amortisation is provided on intangible fixed assets at rates ¢al¢ulated to write off the Gost of each asset on a straight-line basis over its expected useful life, as follows: Computer software 330/0 straight line method tNVESTMENTS Investments are valued in the balance sheet at iheiT mid-market value at the balance sheet date. Investment management C05t5 are accounted for as incidental costs of the acquisition or disposal where transa¢tion-based, while investment in¢ome management Costs are charged as expenditure out of the relevant income funds. Unrealised and realised gains and losses are shown in the Statement of Financial Activities. INVESTMENT PROPERTIES Investment properties {in¢ludin8 properties held under an operating lease) are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised tn profit or loss. STOCK Stock is valued at the lower of cost and net realisable value using the FIFO basis. LEASES Where the Group enters into a lease which entails taking substantially all the risks and rewards of ownership of an a$seL the lease is treated as a finance lease. The asset is [￿orded in the balance sheet &8 a tangible fixed asset and is depr¢ciated in accordance with the above depreciation policies. Future instalments under such leases, nct of finance charges. are included with oreditors. Rentals payable are apportioned between the finance elemen( which is ¢harged to the Statement of Financial Activities on a straight line basis. and the capital element which red4Jces the outstanding obligation for future instalmentS. 27

St. Mary's School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 AccoifNTtNG POLICIES (conlinued) LEASES (¢onlinued) Rentals applicable to operating leases where substantially all of the benefits and risks ofownership remain wlth the lessor are charged against profits on a straight line basis over the period of the le&se. FINANCIAL INSTRUMENTS The Group has elected to apply the provisions of Section I I 'Basic Financial Instruments, and Section 12 '0therFinancial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised when the Group becomes party to the ¢ontra¢tual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounls and there is an intention to scttle on a net basis or tr) realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trnde and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised c05t using the effective interest method unless the a￿angement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest. airnlent of financial a55ets Financial assets. other than those held at fair value ihrough profit OT loss are assessed for indicators of impairnient at eaoh reporting end date. Finan¢ial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognttion of the financtal asseL the estimated future c&8h flows have been affected. If an asset is impaired, the impairment loss is the diff¢renGe between the rarrying amount and the pr¢sent value of the estimaled cash flows dtscounted at the asset's original effective interest rate. The impaiment loss is re¢ognised in profit or loss. If there is a decre&8e in the Impai￿ent loss arising from an ev¢nt occU￿l￿g after the impairnient was recognised, the impairment is reversed. The reversal is such that the current catrying amount does not exceed what the canying amount would have been, had the impaimienl not previously been recognised. The impairnient reversal is recognised in profit or loss. Dereco nition of financial assets Financial assets are derecognised only when the contractual rights to the cash flow5 from the asset expire or are settled. or when the Group transfers the finan¢ial asset and substsntially all the risks and rewards of ownership to another entity. or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the subslance of the contractual arrangements entered into. An equity instNment is any ¢ontra¢t that evidences a residual interest in the assets of the Group after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt Instruments are subsequently carried at amortised cosL using the effective interest rate rnethod. 28

St. Mary, s School (Calne) (a company limited by guarantee) NOTES TO THE Accouwfs (continued) for the year ended 31 August 2024 I ACCOUNTING POLICIES (Gonlinued) FtNANCIAL INSTRUMENTS fconlinued) Dereco nition of financial liabiliti Finan¢ial liabilities are derecognised when. and only when, the Group's contra¢tual obligations are discharged, cancelled. or they expire. ui instruments Financial instruments cl3s5ified as equity instruments are re¢oTded at the fair value of the cash or other resources received or receivable, net of transaction costs, unless the equity instruments are issued to extinguish a financial liability due to a shareholder or a paty under common control. or in accordance with the original tsnns of the finartcial liability. Acce tance d¢ Acceptance deposits are paid to the Group to secure a place for the child at the School. Deposits held forn] part of the general funds of the Group until the child leaves the School at whi¢h point they are credited without interest lo the final payment of the fees or other sums due to the Group. Deposits are held as other Greditors on the balance sheet and are Classified as owing within one year and over one year based on when they are expe¢ted to be credited against income. CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES In the application of the Group's a￿OuntIng policies, The Governors are required to make judgements, ¢￿]mateS and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and &£sociated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these csttmates. The estirnates and underlying assumptions are reviewed on an ongolng basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affe¢ts Qnly that period, or in the period of revision and future periods where the revtsion affects both curr¢nt and future periods. Critical accounting judgements Multi-ern er defined benefit en51 n scheme Certain employees participate in a multi-employer defined benefit pension s¢h¢me. In the judgment of the Governors. the Group does not have suffi¢ient inforniation on the plan assets and liabilities tr) be able to reliably account for its share of the defmed benefit obligation and plan assets. Therefore the scheme is a¢¢ounted for as a d¢fined contribution s¢heme. Critical Ae¢ounting estimates Useful economic lives of tan ible a d intan ible assets The annual depreciation and amortisation charge is sensitive to any changes in the estimated useful life and residual values of the tangible and intangible assets. The useful economic lives and residual value 15 assessed on an annual basis and are am¢nded only when evidence shows a change in the estimated e¢onomic lives of residual life. Criteria used to &ssess the economic life and residual value includes technological advan¢emenL economic utilisation, physical Gondition of the asset and future investments. 29

St. Mary, s School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 3(a) SCHOOL FEES The Schools. fee income comprised.. 2024 2023 Gross fees Less: Means tested bursaries and scholarships Other Allowances 18,661.852 17.231,709 (1.439,023) (1.297,098) (366.918) (383,275) 16.855.911 15.551,336 All income from School fees relates to unrestricted funds in the current and prior year. 3{b) OTHER INCOME 2024 2023 Other educational income Entrance and registrdtion fees Courses and sU￿lettIngS 132.612 154,465 123,606 149,446 287,077 273,052 Other ancill4ry trAding incom¢ Insurance commissions Uniforni shop After School Club School accommodation Events 14.679 210.763 41.372 8.075 18.443 12,615 198.595 32,049 8.875 24.955 293.332 277.089 All in¢ome from other educational and other ancillary trading income relates to unrestricted funds in the current and prior year. 2024 2023 Investment Ineome 2nd Gains and losses Bank interest received Dividends received Rental income 120.982 16.773 19,400 76.362 15,160 11.400 157.155 102,922 Of the above investment income £120,982 (2023-. £76.362) relates to Lknr¢stri¢ted funds and £36.173 (2023- £26,560) relates to restricted funds. Investment returns comprise a gain of £12,352 (2023- loss of £2,662) fflaling to unrestricted funds, a gain of £156.682 (2023: gain of £5.507) relating to restricted funds and a loss of £7,992 {2023.. loss of £1,344) relating to endowment funds. 30

St. Mary's School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 3(b) OTHER tNCOME (eonlinued) 2024 2023 Donations 437,390 257,342 Of the above donations £2,348 (2023: £7,538} relates to unrestricted funds and £435,042 (2023: £249,804) relates to restricted funds. It should be noted that due to Charities SORP recognition criteri4 there are donations relating to this year and previous years of £403231 (2023: £274,031) presented within accrued income. This is for donations which had not been received as cash by the year end. 3(¢) OTHER TRADING INCOME AND EXPENDITUBE Sl. Mary's School (CalKe) SeniiceJ Limited (Company number.. 04111368) The School controls St. Mary's School (Calne) Services Limited. whose principal activity is the operation of a sports centre. The r¢gistered address of St. Mary's School (Calne) Servi¢¢s Limited is the same as the School. Any profits of the trading sllbsidiary will be paid to the School under gift aid. Trading ttirnover. operating costs and net results extracted from its audited accounts for the year ended 31 August 2024 and 31 August 2023 ar¢ shown below. 2024 2023 Turnover Other operating income 938,584 901,501 500 Administrative expense5 and interest payable (971,905) (952,010) Net (deficit) for the year (33.321) (50,009) The above figures include inter-company transactions which are eliminated on consolidation. Other trading income and expenditure relates to un￿strICted ￿ndS in the current and prior year. 31

St. Mary, s School (Calne) (a company limited by guarantee) NOTES TO THE ACCOtNTS (continued) for the year ended 31 August 2024 3(¢) OTHER TRADNG INCOME AND EXPENDITURE (¢onlimied) The Calne Foundalion frnsl (Charity number.. 1147327/ Company number.. 08049046) The School controls The Calne Foundation Trust. whose principal activity is the promotion of the charitable purpose5 of St. Mary's School (Calne). The registered address of The Calne Foundation Trust is the same as the School. The results of The Calne Foundation Trust extra¢ted from its audited accounts for the year ended 31 August 2024 and 31 August 2023 are shown below. 2024 2023 COME FROM: Donalions Investment income 375,999 60.328 229,415 31,713 Total income 436.327 261,128 EXPENDITURE FROM: Charitable activities {101.798) (138,003) Total expenditure (101,798) (138,003) NET ￿COmE BEFORE LOSSES ON INVESTMENTS 354,529 123,125 Gains on investment5 159,355 5,310 NET NCOME 493,884 128,435 NET MOVEMENT IN FUNDS FOR TItE YEAR 493,884 128,435 Fund balances at start of year 2,559,582 2,431,147 Fund balances at end of year 3,053,466 2,559,582 32

St. Mary, s School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 NET EXPENDITURE The net expenditure for the year is stated after ¢hargingl(creditin8): 2024 2023 Charitsble letivities expenditure includes: Bad debt cxp¢ns¢ Depreciation of tsngible fixed assets Amortisation of intangible assets 3,453 1,162,889 2,963 1,176,114 Auditor's remuneration= RSM UK Audit LLP - audit of the Group and parent charity RSM UK Audit LLP - audit of the subsidiary companie5 RSM UK Audit LLP - other assurance RSM UK Tax and Accounting Limited - l&xation fees RSM UK Tax and A¢wunting Limited- other services 21.000 9,200 1,400 18,350 8,700 1,250 4,500 20,850 18,900 Totsl Croup and Charity stsff costs comprised: Wages and salaries Social security costs Pension contributions Staff rest￿ctUring costs 9,530,045 855.938 1,580,056 9,063,438 843,831 .466,579 293,013 11.966.039 11,666,861 Settlern¢nt payments Included in staff restructuring costs are settlement payments to two members of staff totalling £nil (2023: £293,013). No emoluments, rcmuneration or pensions were paid or are payable to the Governors for this year or the previous year. Expenses incurred in attending meetings are, in some instances. reimbursed. During the year expenses of £9,512 were paid to 5 governors (2023.. £6.110 to 5 governors). The number of person5 employed, expressed as fvll time equivalenl. was as follows: 2024 2023 Teaching and support Domestic Administration Trading subsidiary 135 78 37 17 129 84 33 19 267 265 The average headcount during the year was 415 (2023: 443) for the Group and 361 (2023: 373) for the School. 33

St. Mary's School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 NET EXPENDITURE (continued) The number of employees whose employee benefits (excluding employer pension costs and employer national insurance contributions) exceeded £60,000 was: 2024 2023 £60,001- £70,000 £70,001- £80,000 £80,001- £90,000 £90.001-£100,000 £1 00,001 - £i10.000 £110,000 - £120,000 £140,001- £150,000 £160,001- £170.000 Pension contributions in respect of the above higher paid employees were £159.063 (2023- £157,450). ANALYSIS OF EXPENDITUILE Depre¢ialion Other ￿)StS & arnortisation Total 2024 Total 2023 Staff cost5 Raising funds: Trading expendllure Inte￿st 644,307 322,783 90,878 413,661 23J18 990.408 90,878 968,751 109,058 1,077,809 Total 644,307 23J18 1.081,286 Charitable activiti&8: Teaching Welfare Premises Support costs of school School operating costs Total 7,684,654 1.233.100 1,029.663 1.374,315 642,071 l.027.756 I,817,114 841,656 235,384 3.702 913,709 8,562,109 2,264,558 3,760,486 2,215,971 16,803,124 8.594.506 2.425.495 3,357.557 2.055311 11,321.732 4,328,597 1,152,795 16.432.869 11.966,039 4,742,258 1,176,113 17,884,410 17.510.678 Of the above expendithre £17,547,006 (2023: £16,125,255) relales lo unrestricted funds and £337,404 (2023- £307,614) relates to restricted funds. ANALYSIS OF SUPPORT COSTS Educational operations 2024 Ancillary trading 2024 Marketing 2024 Governance Totsl 2024 Totsl 2023 2024 Staff costs Admin and office costs Stock purchases Trustee expense5 Audit and accountan¢y ,167,840 293,089 67,067 101.999 I39.408 240.070 1,374,315 635,E58 1,408.237 449,346 119,610 I l9,610 9.512 77.376 129,613 6,110 62.005 9,512 77,376 1.460.929 288.676 379,478 86,888 2,215,971 2,055,311 Governance costs are assoriated with the strategic as opposed to day-tfrday management of the School's activities and include costs in relation to assisting the Governors with perforniing their responsibilities. 34

St. Mary's School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 INTANGIBLE FIXED ASSETS- GROUP AND SCHOOL Website and brand Cost At I September 2023 65,198 At 31 August 2024 65.198 Amortisation At I September 2023 Charge 65.198 At 31 August 2024 65.198 Net l)ook value At 31 August 2024 At 31 August 2023 The intangible assets relate to purchased website d¢velopment and brand refresh. The amortisation is shown within charitable a¢tivities in the Statement of Financial Activities. 8(a) TANGIBLE FIXED ASSETS - GROUP Assets in the Freehold land course of and buildings wnstruction Furniture, fittings and equipment Minibuses Total Cost At I September 2023 Additions Disposals Transfer 33,358,895 209,199 59.667 7,054,979 287.561 (22.829} (21,175) 7,298,536 l39,981 40.763.054 347.228 (22.829) 110,765 33.469,660 (89,590) 179,276 At 31 August 2024 139,981 41,087.453 Depreciation At I September 2023 Charge Disposals At 31 August 2024 6,102,597 900.342 5,736,673 272,069 125,044 3,702 11.964.314 1.176,113 7,002,939 6,008.742 128,746 13,140,427 Net book value At 31 August 2024 26,466,721 179,276 1289.794 11,235 27,947,026 At 31 August 2023 27,256.298 209.199 1318,306 14,937 28,798,740 35

St. Mary's School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 8(b) TANGIBLE FIXED ASSETS- SCHOOL Assets in the ourse of construction FumitUTe. fittings and equipment Freehold land and buildings Minibuses Total Cost At I September 2023 Additions Disposals Transfer 33.358.895 209.199 59.667 6,811,714 243,293 (22,829) (21.175) 7.011,003 139,981 40.519,789 302.960 (22,829) 110,765 33,469,660 (89.590) 179.276 At 31 August 2024 139,981 40,799,920 Depreciation At I September 2023 Charge Disposals At 31 August 2024 6,102,597 900,342 5,511.598 248.751 125,044 3,702 11,739,239 1,152,795 7 002 939 5 760.349 128 746 12 892 034 Net book value At 31 August 2024 26,466,721 179,276 ,250,654 11.235 27,907,886 At 31 August 2023 27 256.298 209 199 1.300.116 14.937 28.780,550 INVESTMENT PROPERTY- GROUP 2024 Valuation at I September 2023 Additions 302.313 306,328 Valuation at 31 August 2024 608,641 Investment property comprises two residential properties in the sub5idiary* The Calne Foundation TrusL The first propety was purchased on 26 July 2022 for £302,313. A second property was purchased on 29 September 2023 for £306.328. The Trustees. having made appropriate enquiries, Consider that the properties are held at market value as at 31 August 2024. 36

St. Mary's School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 10 INVESTMENTS Group School 2024 2023 2024 2023 Fixed asset investments (note I l{a)) Investment in subsidiaries 1,621.620 1,403,909 227,094 209,423 1,621.620 1,403,909 227,095 209,424 Subsidiary undertakings At 31 August 2024 the Srhool held IOOO/o of the allotted share Capital of St. Mary's Sch(x)l (Calne) Services Limited incorporated in England and Wales. which is involved in the letttng of facilities. The ￿etS and liabilities of St. Mary's School (Calne) ServiGes Limiled (registered number: 04111368) are.. 2024 2023 Tangible fixed assets Current &ssets 39.140 20.417 18.190 158,501 59,557 176.691 Creditors- amounts falling due within one year (180,625) (264,438) Net assets (121,068) (87,747) Represented by.. Share capital Profit and loss account (121,069) (87.748) (121.068) (87.747) The assets and liabilities of The Calne Foundation Trust (charity number.. 1147327) are.. 2024 2023 Investment property Fixed asset investments Current assets Current liabilities 608,641 1.358.457 1,087583 (1,215) 302.313 1,194,486 1,132.991 (70.208) Net assets 3.053,466 2,559.582 Represented by: Endowment funds Restricted funds Unrestricted funds 10,350 2.990,535 52.581 7.677 2.525.794 26,111 3,053,466 2,559582 37

St. Mary, s School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 Au ust 2024 I l(a) FtXED ASSET INVESTMENfs - GROUP Unrestricted Funds Restricted Endowment Funds Funds Total Fund5 Valuation at I September 2023 Additions Disposals Gain on investment5 150.882 1,182,786 17.772 (13.156) 156.682 70,241 1,403,909 17.772 (13,156) 177,026 12.352 7,992 Valuation at 31 August 2024 163.234 1.344.084 78,233 1,585,551 The value of the group investment portfolio analy5ed by investment holdings is as follows: 2024 2023 Fixed interest UK equities North American equities European equities Japanese equities Asia paGifi¢ ex Japan/ EM equities Global equities Alternative investments Commoditi¢s Cash and cash alternatives Church of England Investment Fund 195,691 202.240 502.337 100.317 22,122 51,360 64.167 115,036 78,182 27.005 227,094 177.464 165,489 413.299 72.500 19,762 56,001 52.532 107,097 67,268 63,074 209,423 1.585.551 1,403,909 I l (b) FIXED ASSET tNVESTMENTS- SCHOOL Unre5triGted Funds Restricted Endowment Funds Funds Toial Funds Valuation at I September 2023 Gatn on investments 146,384 12J52 63.039 5,319 209,423 17.671 Valuation at 31 August 2024 158,736 68,358 227,094 Fixed asset investments relate to the CBF Church of England Investment Fund in the School. Other listed investments are managed by James Hambro and Partners. The investments are held in a portfolio designed to meet the Governors investment policy to maintain a reasonable balance between income and ¢#pital growth. 38

St. Mary's School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 12 STOCKS Group School 2024 2023 2024 2023 Goods for resale 102,250 107,624 99,410 104.170 13 DEBTORS Group School 2024 2023 2024 2023 School fees Prepayments and accrued income Other debtors Amounts owed from Group undertakings 3,055.697 684.121 122.983 3J63.865 504.517 173,239 3.055,697 280,521 100.563 42,194 3.363.865 223.148 143,652 202.128 3,862.801 4,041.621 3.478,975 3.932.793 14 CREDITORS: AMOUNTS FALLING DUE tN ONE YEAR Group School 2024 2023 2024 2023 Fees received in advance Other tax and social security Pension creditor Other ¢reditors Accruals and defetred income 2,707.168 235.514 203,362 lJ41.622 4,617.257 1,141.533 229,414 181,780 895.364 5.257,107 2,707.168 218,496 199,458 1.231,558 4.608,597 1,141.533 216.590 178.024 781,547 5,254.986 9.104.923 7,705,198 261,258 8,965,277 261,258 7,572,680 261,258 Bank loans (note 16) 261,258 9,366,181 7,966,456 9.226,535 7,833,938 In¢luded in accruals and deferred in¢ome is deferred income of £4,534.543 (2023- £4.822.363). Fees received in advance are also considered to be defeffed incorne. This relates to income received in advance to be used against fUtll￿ School fees. The movement in the short tenn deferred income for the School and Group is analysed below. Fees in Advance 2023 Fees in Advance 2024 As at I September Increase in the year Released in the year 1,141.533 734221 2,707.168 1,141.533 (1,141.533) (734221) As at 31 Au8USt 2,888,122 1,141,533 39

St. Mary's School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 15 CREDITORS: AMOUNTS FALL￿G DUE AFTER MORE THAN ONE YEAR Group School 2024 2023 2024 2023 Fees received in advance Other creditors Bank loan 1,659,987 1,599,106 914,526 4,173,619 841,458 ,552,538 1,085,059 3,479,055 1.659.987 1,599.106 914.526 841,458 1,552,538 1,085,059 3.479,055 4.173,619 Fees received in advance relates to income received in advance to be used against future School fees. The movement in this balance for the School and Group is analysed below. Fee5 in Advance 2024 Fees in Advance 2023 As at I September Increase in the year Released in the year 841,458 1,205.055 (386,526) 1.370.810 106268 (635,620) As at 31 August 1,659.987 841,458 16 BORROWfNGS Group School 2024 2023 2024 2023 Bank loans 1,175,784 lJ46,317 1,175,784 1,346,717 1,175,784 1,346,317 1,175,784 1,346,317 Payable in y¢ar Payable after one year 26l,258 914,526 261,258 1,085,059 261.258 914,526 261,258 1,085,059 1,175,784 1,346,317 1,175,784 1,346,317 Of the amounts payable after one year £nil (2023: £40.020} is payable after five years. The bank loans are secured by a fIrst mortgage ¢har8e on a number of the freehold assets of the school and fixed and floating charges over a number of assets of the school including all past and future freehold and le&sehold property. book and other debts. ¢hattels. goodwtll as well as a fjrst floating charge over all assets and undertakings both present and future of St Marys S¢hool (Calne) Services Limited. The bank loans are denominated and repaid in sterling, have contractual interest rates that are variable rates linked to SONtA, that are not leveraged, and do not ¢ontsin conditional retums or repayment provisions other than to protect the lender against credit deterioration or changes in relevant legislation. The outstanding bank loans were subsequently settled in full on 16th October 2024. 40

St. Mary, s School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 17 FtNANCIAL tNSTRUMENTS Group School 2024 2023 2024 2023 Carrying amount of financial &ssets: Equity instruments measured at fair value 1,585,221 1.403,909 227.095 209,423 ui instruments Equity instruments that are listed on a regulated stock exchange are measured at fair value using observable market inputs. The inputs used in valuing the instruments include indexes provided by these regulated markets. 18 NET ASSETS OF THE FUNDS OF CHARITY AND GROUP The Group and School'5 net assets belon8 to the various funds as follows: Fixed assets and investments Current assets Liabilities Total Endowment Funds (note 19} Restricted Funds (note 20) Unrestricted Funds (note 21) 64,512 6291,234 21,779,235 28.134.981 64,512 7,129,752 (13.400,154) 16,663,303 9,122,740 (I3,400,154} 23,857,567 838.518 8,284,222 School Subsidiaries. reserves (Endowed Funds) Subsidiaries. reserves {Restricted Funds) Subsidiaries. reserves (Unrestricted Funds) Group 9,875 1,957,223 39,139 30,141,218 10.188,546 475 1.033,763 31.568 10,350 2,990,986 (139.646) (68,939) (13.539,800) 26,789,964 2023 CO￿[pARATIVE FIGURES Fixed &ssets and investments Current assets Liabilities Total Endowment Funds (note 19) Restricted Funds (note 20) Unrestricted Funds (note 21) 59.193 6,538.617 22,392,164 59,193 765,383 7J04,000 4,858,451 (11.312.993) 15,937,622 5,623,834 (11,312.993) 23,300,815 School 28,989.974 Sub5idiaries' reserves (Endowed Funds) Subsidiaries, ￿ServeS (Restricted Funds) Subsidiaries. reserves (Unre5tri¢ted Funds) Group 7,677 1,481.816 25,495 30,504,962 7.677 2.526.245 (132,518) {62,088) {11,445,511) 25,772,649 1,044,429 44.935 6.713.198 41

St. Mary's School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 19 ENDOWMENT FUNDS: MOVEMENTS IN THE YEAR Group Balance at I Sept 2023 Transfers and outgoing resources Balance at 31 August 2024 Investment gain S¢holarship Fund Prlze Fund 55,212 11,658 5,319 2,673 60,531 14,331 66,870 7.992 74,862 School Balance at I Sept 2023 Transfers and Outgoing resources Balance at 31 August 2024 Investment gain Scholarship Fund Prize Fund 55.667 3,526 5.319 60,986 3,526 64,512 59,193 5,319 The Scholarship Fund is invested in shares in the Central Board of Finance Investment Fund, the income of which IS taken to restricted funds and used as a contribution towards the cost of scholarships. Th¢ Prize Funds are invested in shares in the Central Board of Finance Investment Fund and cash held generally. the income of which is taken to restricted funds and used as a contribution towards the costs of prizes awarded. 2023 COMPARATIVE FIGURES- ENDow￿NT FUKDS GTOUP Balance at I Sept 2022 Transfers and oulgoing resources Balance at 31 August 2023 Investment loss Scholarship Fund Prize Fund 57,960 13,945 (1.147) (197) (1,344) (1.601) (2.090) (3,691) 55.212 11,658 71,905 66,870 School Balance at I Sept 2022 Transfers and outgoing resources Balance at 31 August 2023 Investment loss Scholarship Fund Prize Fund 60.505 3.526 (1.147) (3.691) 55.667 3.526 64,031 (1,147) (3,691) 59,193 42

St. Mary, s School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 20(a) BESTRtCTED FUNDS.. MOVEMENfs IN THE YEAR- GROUP Balance at I September 2023 Balance at 31 August 2024 Transfers and Expenditure gainsl(losses) Income Foundation Appeal Headmistresses Old Girls Association Music Department Donations St. Mary's Charity Fund St Margaret's Charity Fund Chapel Fund St Margaret's Eco Project Sports Fund St. Mary's Library New Bursary Fund Arned Fowes Fund Capital Projects Fund PriT£S 5,551 2,085 1,512 8,946 368 206,910 1,053 2.216.193 4.565,474 2.317.865 151 292,982 1,555 4.229 5,551 2,085 1,512 (5,466) 275 206,910 1,053 2,170,962 4,375,248 2,600,310 151 270,332 576 4,229 31.375 39,618 5,860 2.500 179,100 228,557 11,980 2,575 (26392) (2,668) (45,231) (190,226) (46,660) 172,423 156,682 40 (22,690) (979) PGSM Mobile trailer fiind STEM Events fund Fl in schools Bell foundation fund Other restricted funds 20,750 900 2.597 10,625 (10,625) 49,343 5.821 2,500 {2,558) 179.100 80,850 147.707 Total 9.830245 471,215 (337,404) 156.682 10.120,738 20(b) RESTIUCTED FUNDS: MOVEMENTS IN THE YEAR- SCHOOL Balance at I September 2023 Balance at 31 August 2024 Transfers and Expenditure gainsl(losses) Income Foundation Appeal Headmistresses Old Girls Association Music Department Donations St. Mary's Charity Fund St Margaret's Charity Fund Chapel Fund St Margaret's Eco Project Prizes Sports Fund SÉ. Mary's Library STEM PGSM Capital Projects Fund New Bursary Fund Fl in schools Equipment Fund Other restricted fijnds Mobile trailer fund 5551 2,085 1,512 8,947 368 4,758 1,053 534 2.282281 4,583,474 5273 4,229 207250 13,015 2,500 420 180,750 5.551 2.085 1,512 (5.465) 275 4.758 1,053 534 2,237.050 4.393.248 5.273 4,229 184,560 42,902 2,500 420 219,250 30,017 11,980 2.575 (26,392) (2.668) (45,231) (190.226) (22.690) (16,949) 46.836 38,500 30,017 129,908 TotaI 7.304,000 (304,156) 7,129,752 43

St. Mary, s School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 20(b) RESTRICTED FUNDS: MOVEMENTS IN THE YEAR- SCHOOL (continued) C James Music Prize Fund The C James Music Prize Fund is cash to be invested in shares, the income of which will be restricted and used as a contribution towards the cost of prizes awarded. S orts fund The Sports Fund (previously known &$ the Sports Hall Fund) relates to donations received for various 5POrt capital projects and is ￿ leased in line with expenditure. New Bursa fund The New Bursary Fund relates to donations for specific buisarie5. This year bursaries were paid out for the Matthews Bursary, Music Bursary and the Springboard Bursary. Arnied Forces fund The Arnied Forces Fund relates to donations to support the education of children who have a parent. of any rank. killed or wounded in active service. ital Pro ects fund The Capital Projects Fund relates to various ongoing school related capital projects. The majority of the income this year As in relation to the Lime Kiln Garden. Donations were also received for the climbing wall, art blo¢kand perfoming t.ma Libra fund The Library Fund relates to donations received for the purpose of building a new library and is rele&8ed in line with valuation reports submitted by the project manager. STEM Centre fvnd The STEM Centr¢ Fund r¢late5 to donations reGeiv¢d for the purpose of building a new STEM Centre. This is very much in its infancy and expenditure relates to design development. Fl in school fu The Fl in Schools Fund relates lo money set aside for the S¢hool's computer department for a specific Fonnula l in Schools project. Events fund The events fund is used for events held by the wholly owned subsidiary undertakin& The Calne Foundation Trust and usually in¢lude5 ticket Costs. Bell Foundation Award The Bell Foundation Award is to ￿nd an annual bursary for a Foundation Scholar from September 2024 onwards. Other restricted funds Other restricted funds relates to amounts received to be used for specific purposes. 44

St. Mary's School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 20(b) RESTRICTED FUNDS: MOVEMENTS N THE YEAR- SCHOOL (Continued) 2023 COMPARATIVE FIGURES- RESTRIcfED FUNDS GROUP Balance at I September 2022 Balance at 31 August 2023 Trdnsfers and Expenditure gainsl(losses) Income Foundation Appeal Headrnistresses Old Girls AssoGiation Music Department Donations St. Mary's Charity Fund St Margaret's Charity Fund Chapel Fund St Margaret's Eco Project Sports Fund St. Mary's Library New Bursary Fund Anned Forces Fund Capital Proje¢ts Fund Prizes 5,551 2,085 1,728 6,896 1,290 206,910 1,053 2.261.421 4.755,702 2.095,667 151 315,407 550 4,229 175,175 1,798 5,551 2,085 1,512 8,946 368 206,910 1,053 2,216.193 4.565,474 2.317,865 151 292,982 1,555 4,229 49,343 5,821 2.500 147.707 (216) (13,277) {2,379) 15.327 1.457 (45,228) (190,228) (32,978) 249,669 5.507 265 1,623 (22,690} (618) PGSM STEM Events fund Fl in schools Other restricted funds 1,500 4,023 2,500 (127.332) 147.707 Totsl 9.983 J20 276,364 (307,614) (121,825) 9,830,245 2023 COMPARATIVE FIGURES - RESTIUCTIVE FUNDS SCHOOL Balance at I September 2022 Balance at 31 August 2023 Trdll5fers and Expenditure gainsl(losses) Income Foundation Appeal Headtnistresses Old Girls Association Musi¢ Department Donations St. Mary's Charity Fund St Margaret's Charity Fund Chapel Fund St Margaret's Eco Project Prizes Sports Fund St. Mary's Librdry STEM PGSM Capitsl Projects Fund New Bursary Fund Fl in s¢hools Equipment Fund Other restri¢t¢d funds 5,551 2,085 1,728 6,897 1,290 4,758 1,053 534 2,327,509 4,773,702 132,605 4,229 159,146 12,764 5,551 2,085 1,512 8,947 368 4,758 1,053 534 2,282,281 4,583,474 5.273 4,229 207,250 13,015 2,500 420 180,750 (216) (13,277) (2,379) 15J27 1,457 (45,228) (190,228) (127.332) 70,794 8,643 2,500 (22,690) (8,392) 420 142250 38.500 Totsl 7,576,521 137.221 {282,410) (127.332) 7.304,000 45

St. Mary, s School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 Au ust 2024 21 ifNRESTRICTED FUNDS: MOVEMENTS IN THE YEAR Unrestricted Revaluation funds reserve Total Group Balance at start of year Retained surplus for the year 15,251,546 718 830 623,988 15.875.534 718.830 16.594.364 15.970,376 623,988 Sehool Balance at start of year Retained surplus for the year 15313,634 725.681 16,039.315 623,988 15,937,622 725,681 16.663,303 623,988 2023 COMPARATIVE FIGURES . UNRESTIUCTED Fu￿Ds Unrestrictd Revaluation funds Reserve Total 2022 Group Balance at start of year Retained surplus for the year Transfers and gain5 15.487.940 (364,755) 128,361 623,988 16,111.928 (364,755) 128,361 15,251,546 623,988 15.875.534 School Balance at start of year Retained surplus for the year Transfers and gains 15,509,205 (323.932) 128.361 623,988 16.133.193 (323,932) 128,361 15,937,622 15,313,634 623,988 Unrestricted funds relate to donations and investmenl income which can be used for the general purpose of the Group.

St. Mary, s School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 22 RECONCILIATION OF GROUP NET INCOME TO NET CASH INFLOW FROM GROUP OPERA TIONS 2024 2023 Net income l (expenditure) 1,017,315 {394.504) Non-operAtillg CAshflows eliminated: Investment income Financing costs Depreciation and impairnient Amortisation (Gains)/losses on investments De¢reasel(increase) in stock Incre&se in debtors Increase in creditors (Gainyloss on disposal of fixed assets (157,155) 90,878 1,176,113 (102,922) 109,058 1,162,889 2.963 (1.501) 3,411 (3,159,534) 3,655.544 (177,026} 5,374 178,820 2,264,822 22,829 Net cash inflow from Croup operations 4,421,970 1275.404 23 ANALYSIS OF CHANGES IN NET DEBT At start of the year Other non- Cash-tlows cash changes At end of the year Cash 2563,953 3.659.542 6,223.495 2,563,953 3.659,542 6.223.495 Loans falling due within one year Loan5 falling due after more than one year (261.258) (1,085,059) 1.217.636 (261258) (914,256) 5,047,711 (170.803) 3,488.739 24 PENSION SCHEME- TEACHING STAFF The School participates in the Teachers, Pension S¢hwne (England and Wales) ('the TPS.) for its teaching staff. The pension charge for the year includes Contributions payable to the TPS of £1202.552 (2023: £1,217,885) and at the year-end £154.385 (2023: £136,263) was accrued in ￿SpeCt of contributions to this s¢heme. The scheme was closed to new members from l August 2024. The school operates a defined contribution pension scheme for non-teaching staff. The &£sets of the scheme are held in an entity separate to the School. The pension charge for the year include5 contributions payable to the fijnd of £345,570 (2023: £248,694) and at the year end contributions totaIling £3,904 {2023: £45.517) were payable to the nd and are included in creditors. The School is aware that the Court of Appeal has recently upheld the decision in the Vir8in Media vs NTL Pension Trustees II Limited case. The decision puts into question the validity of any arnendments made in respect of the rules of a contracted-out pension scheme between 6 April 1997 and 5 April 2016. The judgment means that some historic arn¢ndments affecting s.9(2B) rights could be void if the necessary actuarial confirmation under s.37 of the Pension Schem¢s Act 1993 was not obtained. Until further investigations have been Completed by the UK Government's Actuary's Department andlor any legislative action taken by the govemment, the potential impact if any, on the valuation of sGheme liabilities remains unknown. 47

St. Mary's School (Calne) (a company limited by guarantee) NOTES TO THE ACCOUNTS (continued) for the year ended 31 August 2024 25 RELATED PARTY TRANSACTIONS mana ement ersonnel The key management personnel of the School and Group is as follow5: the He&ds of both schools. the Bursar. the Development Director. the Senior Deputy Head, Deputy Head Academic and Deputy Head Pastoral at St. Mary's" and the Deputy Head Acad¢mi¢, Deputy Head Pastordl at St Margaret's and the Governors. The total amount of employee benefits (in¢luding employer pension contributions and employers, NI) received by key management personnel for the&r services to the Group were £809,248 (2023.. £1,285,096). Transactions wi related arties During the year the School received donations of £88.642 (2023.. 109.294) from the wholly owned subsidiary undertaking. The Calne Foundation Trust {CFT). The CFT received £nil (2023: £nil) from the School. At the balance sheet date the CFT owed the School £1,215 (2023.. £70208). During the year the School received income of £27.495 (2023: £25.000) from the wholly owned subsidiary undertaking. St. Mary's School (Calne) Services Limited. and made purchases of £186.750 (2023: £248.875). At the balance sheet date the subsidiary owed the School £40.979 (2023.. £131,920)- Donations and pledges totalling £437,390 (2023: £257,342) were recelved in the year. of which £226,043 (2023: £15,390) were made to the Foundation by Trustees and their spouses. During the year the School made purchases of £1.029 (2023: £950) from Adde & Co Limited. an entity controlled by a Trustee. The balance outstanding at the year end was £nil {31 August 2023: £nil). 48