2023-07-31-accounts

Rewl•rnd no. 00141076 HEADINGTON SCHOOL OXFORD LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 1111 11111 "ACIXCP¢ 2211212023 COMPANIES HOUSE

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HEADINGTON SCHOOL OXFORD UIAITED Pa90 Nolle• of AGII 23-26 27-28 31

HEADIMGTON SCHOOL OXFOIID LIMITED NOnCE IS HEREBY GNEN Ihal th• Amual Gon•ral M• of tho b8 hgld 01 th• S¢J￿OL Headinjton. Oxfo￿, at 2pm on Thurthy. 21Th1 March 2024. when Ihe AnThJ81 Rowl dth8 Dr•¢1￿5 wll bè SI￿￿￿11•d lothe Conyany fiyc0nsk1ernl￿ the lolbwr business wll be transacted." BUSINESS of Iho Audlttr. To elect MSSS C and wy otrw rw DirocI(rfs opw4nlod the repybng pwwd: To rtrel8cith• Dtr8clors rdriThJ ty rotalion in #Coyda￿ ilh 4litl• 8.$ oftha PAlidos of Assocla¥on: IAr R NIC1￿180n. Mr M Curtts. Miss S Hincks a￿1 T MMtg¢w: To acryt th& reslgnalkjn olws H Ywset. To approve the mwgerofHeadtrWn Sctr#xl Oxknd Rye St ￿￿OnY Llmited lo fomi HeatdngtL￿ Rye Oxford mlled: To approve Ihe thange n Chwitable Obp*: To Op￿￿nt thg COmpa￿S A￿jit(￿, To Iransxt any dh•r businoss of • knnual Gewal kleotry. By Order dthe R C Cow•ns S•¢rntary

HEAIXNGT(X4 SCHOOL OXFORD LIMrrED DIRECTOR4 OFFICERS AND ADVISERS YEAR ENDED 31 JULY 2023 AGM Ch4r of Coundl Mrs S C PHIPKIN ACA• 1>. 2013 PArs C OSTER WARRINER OX￿+ t'_ IEded 2023) 2017 Vk• Ch￿r al C•uncll Mrs C OSTER WARRINER UA Oxrf t"{Ethd Marth 20Z3) 2017 C M Rlfr￿HA￿ BA(H¢x) PhD • • l_tlthxxrted Mwch 2023) 2015 Dlr•etov8 Miss C BOYD BA(H￿S1- 2023) Dr C E FOSTER OBE BEd. Msc. PhD X (Reg'wl 2022) Mrs P A LENON 8A(HONS)"'IReslW M•th 20fJ) 2013 R•v Fr D W MCFARLAND WFk)ns) Th. 2018 Mrs P GADNER BA (HI￿S). ACMA" Ms K N GLEN mA{Ho￿%) X 2019 Dr O KESSELL MBBCh W ' {Jolred Fdjnwy 2023) Mr R J J NICHOLSON MA Oxon- Mr M CURTIS MA Oxon X t Mlss S HINCKS UA Oxon. PGCE Mr T MONTGOMERY MBA Ox¢m' M$ L KRUGER BA(H￿) X (R￿ 2023) Mrs H YOUSEF R￿￿- (JOk￿d Jarw 2023. R•s1￿j W 2023> 2023 Members Of￿ Rew#Jnor8tKffj Su￿(￿1￿. tlemtws ofthe D0velopm￿l Comnytt•o. Doctors of Headlnglon SCI￿1 Llrnlted.

HEADINGTON SCHOOL OXFORD UMITED DIRECTORS. OFFICERS AND ADVISERS (CONTINUED) YEAR ENDED 31 JULY 2023 OFFICERS Mr8 C L JORDAN MA OxoTr • > He8dmotr8s8 Mrs J CROUCH BA Mr R C COUZENS MBE. MA . Prfnclpal •ddrnss WMI R•qlst•r•d Ollk• H*Jingkn Sdmxl. Oxfryd. OX3 OBL Bank•rs: Messrs. BARCLAYS BANK PLC. Wythaffl CourL 11 Wgslway. Oxf￿d. OX2 (KIB. Messrs. HANDELSBANKEN PLC. * FIOLY Seaoxrt T<w•r. Wesl Way. Oxford OX2 OJJ. Sollcltors: Megsrs. HAFIRISON CLARK RICKERBYS. ElethW House. Wellnoon Strerf CheA￿￿am. GL501YD. Audltor. Messrn. CROWE UK LLP. Fcrtuth Fkxr. Sl Jonw St Jaftw. Swwe. Chellertham GL50 3PR. Investm•Tht Advlwrs: Messrs. SARASIN AND PARTNERS LLP. Juxon H¢xtse. 100 St Pa￿,9 CIMKdiywd, London, EC4M 88U Company S••: Cl•rf( to th• Gov•mor&' W•bslle: In

HEADINGTON SCHOOL OXFORD UMrrED ANNUAL REPORT OF THE GOVERNORS YEAR ENDED 31 JULY 2023 ReFxt for Ihe year ended 31 July ￿23. This Rep(Yt has been accoydance wth Ihe c￿￿￿e$ A¢t 2011 and tho Compgnles A(1 2006. including thg Ow8cl¢Ys' Rap(Yl and Str8leg¢ R¢wt undar th& 2006 Aci knjethor V￿th th& audiled financial statements for thg yoar. Tho Di[￿ that Iho AJWmJ￿ Ropxt ¢tyTyfJ•s wilh tho Ipq￿rOMfjnts ol the Acts. tha Trnst D•8d. Ihe Charit8 St818mort d R￿A)M￿ Prxtr {SORP) Fwwn¢MI Standarf (FRS) 102. DlliECT(IV REPORT CONSTITirnON AND OBJECTS As8odalon on 23 July 191S. The MerrttYoTrJum 8Th1 Pth5des slnce been updated. Ihelgtest amend￿￿1 beiNJ adopted In March 2014. Ths is a reglslor•J chwity. numbef ￿18(1942), o regthr8d c)xwny. numb8r 00141076, ant1 is localed kn Headin9ton. Oxftyd. OX3 (￿L. Its rtyiSter￿ address is The BUTr￿ry. Hoadinglon School. Headiryton Road, Oxlerd. OX3 08L The SCIKAI has a <rned trarfiThJ subsmliary ¢LVbyny. Ha•JingtTh) Sthod so￿1(￿ Ltmited. whl¢h operalfjs some cmimgrd81 Kqlllry. kn 8Fp4¢atTh lo disscl% a sepath trading <y)mpany. H8adiryton School Intamallonal Llmlted. was mad8 in August 2023, 8$ ¥ of ts Directcys. declslon to $L￿pend •ctKT• hwgstkJat•Jn into dwebping Intsmalonal educaoonal erterw￿. The acts as Se• for Headww School Oxford rnlied and H8adrytC￿ SCI￿1 Sorvw LkrMt¢d. VISION. VALUES AND ETHOS Our￿4)n l¥for He8dkngton Srtw)ol tOde￿ver& Ixotrj 8¢8demk Ujrr￿k1n c(xJpledwith awide r•ffje Ofeng￿r￿j cAxurrKul8r athil￿S in order for Htsadingkn lo be F￿0 Re. kn Ife be￿￿1 Iwnti at the Sd¥Jol. This is uftdwpinnod by th¢ SLxl's charilab5e cOie¢t, thich is to: Practsces ofihe Church of Engl8nd.- Values A holl$￿ I￿1￿$￿ and •KtsJragry approath to j￿ ThKh in th• fvoparatsy Sth¢)ol. gro￿ ttth t￿Y sludent and enrl¢hes the Wl (x)mmunity. A body of staff vtho believe in every find. ysu¢ v4oy as many aspKts af the broa&based. ranglrwJ ¢Uff[C￿luM as thoy ￿. I￿111￿ 4 8¢w of ¢onfidèn¢e and 8¢118Wwtn lacing nw chalknges.

HEADINGTON SCHOOL OXFORD LIMITED ANNUAL REPOltr OF THE GOVERNORS (CONTINUED) YEAR ENDED 31 JULY 2023 Headington Sdkn)0118 a ¢horilable trustwtrkh seeks to Il wt tsYtyJgh the putsult of its staled alm$. Th8 fees are set at a 18vel eomrnen¥urate lth maSntslthJ of the S¢h¢x)l. Thlst rmimiing lo widè an eX￿Ment ed￿atIOn for our pupl$. Our S¢lMxl wekc#nes WFrfl$ from afl b&kgmndg failhs. To •drt a prosp8the pupil we nè8d to bo 8è118fi8d that our sth￿l wlll be abtg lo educate and dovew this indlvhj￿l to fv besl of tslr potgnttal and In Iln& Ihg g8n8ral staTrJanb achlev8(I by th•irpgers. Entrance ¥rter¥i8￿ aSse55Th￿nts are uThJertaken tr￿n the ag8 of 7 upwards, to satisfy ￿rSelVeS and parents that potential pupils can cLy8 wrfh the paceof l•arntro and benefft from th8 educati￿ ￿ provido. An indivtduafs The Schoc4 1$ also c(¥Miitted to $Y￿011r¥j a workwvj envirorn￿ that 15 fm fr(¥n any fm ofO￿lmInatM￿ on the gr￿ndS of colow, rnce. ethniw. relb3ton. gender. sexual cwntstion or dIsa￿ty. We Tmtl make reasonablè aojuslments to meet the rrtods of staff or wpi15 who are or bec4Jth disablBd. Ho￿eT. in off￿ing a pkn ts # pupil wAh spedal n8eds Ihe S(ool a&sess what t•¢hn¢al expwti￿ and physical measuos can rej5(￿0bty be lo meet those neod$. Th￿ may b• some physk81 c¢Jndithins. In partMxAw. for whith the SC1K￿ r¥)t be able to mako Teasonabla adlu5tments. . An OTect(ws, slaff and volunioor5 are c￿￿1￿•d10 safow¥rf•vJ wrynol1￿ thg welTaro ofw pupl$. Direct￿ rec¥lve . regular updales on rewlatory slatuary thaThJes to Safe In Educ8llon IKCSE). Pwents are glvon Kthymotkn) ￿￿thChik1r8n'ss0¢lal aclemk wctyjrnss wu19rparentmeolin￿. Ina(klltlon to th& trathlioThal end of leTh and ￿aT rep￿ts. ader p￿41$ are akncaed a Form Tuior and Head of YearwFKJ are re5Frt)nsl)ie for their pastoral ¢ar¢ aThJ ¥cadenK dovelopnert Thtr Sthxl also (wJt woekly maili￿8 electronkaltylo parents and PLpiL8 durirKJ term time. Addit)nalty. informalKffi is also shared onfjne throw the Student and Parent Portals. P8ronts pwbcipate in On￿ne parenl-t¢a¢hor mo8tin9S. pft)vithng 011 parwts. regardloss of localion. wl¢h Iho opportunity to speak (threcily vAth thèr thildren's tea¢lrn. We •lx> m8intsin regul¥r c￿tact wlh parents thrc#Jghoul year through InfomMI ¢ont8¢ts and the p￿Il￿tiC￿ ofa rewlar o-rnwkn. Pwts are also able to wovmle Iwmly feedbock on keylssues Ihrough ma8lirvJs hold bet￿¢n F(Th Grwp represenlthw aryl the Sth(w)f5 seru￿ Man•ment Group. AIMS, OBJECTIVES AND ACTMTES Alms To achleve cmjr vlsbn to Fthire Girf5' •xI k> med ts pur￿558 of th8 st￿l,s Charablè Owecl, ￿ aim to.. Cuttiv8 saff￿¥￿denco. h￿apo￿lènr aThl reS[￿nS￿l11ty. ilh p￿115 b￿ng on¢ouAg8d to think o101￿1¥. trwreby uipphy them to p￿Y an xlrle afxl ￿￿tiVe part k) an 8¥•r ¢tom￿rIa torfd. . Gfve b8nefft to our kncal by IxoJlNJ xcess to resCWrt￿, ￿ltse fadllljes. In the fwlh8rance of IPse aSms the Headirokn) School Drectots. as the Chariiy TNstees. have complled wlh th• duty Sethn 17 of Ihe Ch8rities Act 2011 to have kn regard to the Clwity Crynrrission's publishgj genva and relevant sub. Obloth8 In setting cknjectives. the Olrectors gve careful 0)nSMknt￿ lo Comrnission's 9Eneral guldance (Mb pubtic benefit and in partlcular ¢0 Its supplerr￿ntsry￿￿￿ benefft guK1￿ce on alfv8￿ffj edu¢alMJn and faevdwging. Theobjeclives rg118Ct the School's ￿UCallOnal aims and etP)s. and tho undwty•YJ need to maknlaln but lo enharKg thè School's acadomlc

HEADINGTON SCHOOL OXFORD LIMrfED ANNUAL REpoirr OF THE GOVERNORS (CONTINUED) YEAR E14DED 31 JULY 2023 Ow key obJtrXlveg for 2022.23 tn¢thJded: now subie(Is lo thts'Fulwe Gwts, stsegr. famSlles who cannot affijrd the fun foos or ha¥9 suffered an uMxpg(knd in Iholr financkl clrrAmthces: Int•ndpd Impa The prial benefitharios of lh￿ ain￿ and o¥ectives are Haadir￿l'S ￿1$ wlv)se edu¢4lion 1$ pthid•d by tho S¢h¢x d furvJ•d by parents. guathns (thr ¢trorilat4• sourw. The mrity al curreni pupils at th• School drawn from th& o)mnMJnity. Fam￿eS ￿ kr•¢r inrjrn thrwgh the He•Jrngton AcC￿S Prc¥rnmme. thtr Through Ilnks established Vilh a af schrds. FleIytc￿ also cc¥ritxrtes lo. berth frorn. ihe sharirwj ol gc>od cThnmunty grwps arKJ other irK8tibJtion5. GOVERNANCE AND MANAGEMEKr Gov•mlng Councm: Dlrn¢lorn 4% T￿￿t￿ of the Proparatory Sclwjd. vh) lop￿ts dwecty k> ts Helmtress. fina￿05, oslates and rK¥n4cèd¢mk oporattonal f￿ctionS of t)th school$ ￿ Ccthleil on bthofl of C￿nCil lry tho Bwsar. The He•JM18tr￿. Head ¢1 thè Prep8fAtory School aThJ th• ore 1 suppxtsd ty marwt teams and lo￿ther Ihis gmup constitijtes the Senlor Managgmenl Gp)LP. Tho Headn8tre8$, H••J of ts Prermrkny 8nd Bursar attend meetings of the Govemlng Th8 Govemirg C￿n￿l is co1￿￿j of thos8 Dtrect0￿ as s81 (Art on pagg 2. Th& DiractoTr are akn Charfty TNstoes. Al burwtes awarded to our pupils. Dlr•¢torn' lthr•ts The Govwnm, as Directors of Headiryton S(od OXI￿d Limited. hehj (Th share thrwoul Ihg Poriod. Dr Rlngham old mr￿b•ne￿(Aal ￿tereSt In 1,039 shores Jovty rylh Mr5 Osler Wathner as Tntsiees (rf the Headkngton School General Charftat49 T￿￿1. Recrnllment aftd Tralnlnq of Dlve¢tryB The G0Vema￿ and Non1na0r￿ Conumth rewl¥ty revivth¢ compel¢wg5 a￿j eyp9rience Ofe￿tIl9 Dect￿5 against the rffjukod thlls matlix of thr￿11. gap5 in o¥xnp•tewKies or0 Idenlrfd. ortlthen Diractors are app￿hIng the end of thotr nine-year t8nur¢. the Commiite• akn for fftt41 c4ndidal¢$. u4rg ¢xlemal support from a speciafist rwxuilm¥nl ciwnpany. Short4isted caThJKlates are Intel￿ formaly by rmbws G￿Mart￿ and Nomlnations Committee and selected inthviduaL8 or? $ut6equenty Tecornmended 10 Council for akyToval bosèd on tholr oxperf8rLce. kno•A0d￿. sklls and dlvorw. as well as tsir w¢¢ivad atty￿ to contritxrto k) th8 coMoctiV8 resFKjnS￿lrt1&S ol Courd. A {AGBIS) and other t)ePath￿￿' guhJ8nc¢ *fvke. atlerthr￿ on rolwant tra￿ng cl￿TE9$ pfovKled by a rdngo Lrf ed(￿￿n911finonoaI cryanisations. aThJ Inf(rt￿ briels tsikyed to sulllhernwjs. Dlrth also altend anannual training day run by the School bul S￿￿t?0 Iry oxtomal speakers to ensuro Ilwt they rvm•n awwo of changgs to their regulatw and stslulory resprK￿bl￿l￿ as as in Ihe ethjralion on¥1mrWn￿ mty¥ g•nornlly from an acade￿IC and pastoral p•rspe¢tive. The Dwectorn operats a me8trg regim&desNwed to ensurn Ihatthe oulccrn d its $trategk Tevlwleed into the $ubsequ8ni de ol WA￿0)MmIttee and Goven¥NJ CwrKI nwotyrvjs I1W￿(￿t Ihe yeor. Eath lerm. the lunctpjnal sut￿￿mMIttees

HEADINGTON SCHOOL OXFORD LWITED ANNUAL IWORT OF THE GOVERNORS (CONTINUED) YEAR ENDED 31 JULY 2023 ablllty to mthèt its unlque sefing polnls ￿￿1 raise knds lo Its acbvibes. Tlw Su1￿¢4MMIttee meebrqs support fvll Goveming Council meetings In De¢engr. March arnl June whon overan perfcrfmance of the Sthool Is retllel￿d. The SchcJl Is a Charfty regIster￿1 as Hèadwefi sc￿ Oxlord LIl￿d. It O￿al0d ts¥o wholly owned subskdiari8s durlThJ thls reporflng period,. Headinglon S¢tth Swvkes and HeadTh￿l0n School Internabonal Lknited, th8 Direclys ofwhl¢h ere Indicted on Paggs 2 and 3. The puryxso of H9JIn9t￿ Sdh)d SeThI￿$ Umlted ¢ontlnues to b• tho wovision of leliings ar¥J other lTrJng acllvities ￿ beham ol Headln9kn1 Sth¢)ol Limrted. The purpose of Headln9ton S¢￿)01 Intomation￿ LKnited was to oxpkne and (kn¥oknp FKrtential overseas edU&￿￿)n pwtrrshlps. Durfng thL8 rewting pwk)d, a deciston 4w4s takM by Govemiry Coundl to cease intWnthOn￿ and an aFvI￿all¢n to ¥￿￿tart￿ dissol¥o He8dwuton School International ￿￿￿ted ￿ been JrAde to Hous&. R•munw•tltsn Pollcy Staff ore Ihg largest $irwge elernnt of It Sth)ol's clwitable exp•NlihYe. In oThltr to recruit retsln thg best slaff. pay scal08 are gonarally set aL￿ the s8Ctor av8raga and b8nclYMrted amuaty thg Baines Cuuer Solutions report. The apKffopriateness and of Iho reMth￿l￿ FdiGy ig revivwed anThAty to ensure Ihal 918ff c¢nllnue to be ravrnrded fairfy ￿ to tako acco￿1 of acimnk c￿dIllOnS. Slaff are re(xultad on a pay scale wilhtn a set band ecrfnrnensuro18 vllh th8.tr skills and 0Xper￿, providiffj scrye for prowe5$[￿ in order to rovrnrd •x¢ellonce. remunoration of the S8ntor Leadef5hlp Team. Inch￿Ing Ihe Headmistre5S. 15 re¥M￿d annualty by the Remunera￿0ft Commlttee. Pay basod on the porfcfftwca of th¥ S[ty￿ the persawl r•comTwidallon of tho Hoadmistr¢s$, 5UPPOrted by app￿al rew¥ts and extema assessrn￿ there apwiyriate. Employmeiit Polky Headirylon School 1$ an equal ern&￿yer. wlw¢h treals all piospckn aThl slaff wlhout favour, r8gardl6ss ol thelr religious beliets, ethniuty fx sexual ry1entst1¢￿. We are (J>nTh￿Ied to pr¢y4iibng the OPFKlunlty for p8opI th disa>lilies to be employed ¥rt￿￿er sit2ble 1$ avaitable s￿1 to bo at￿8 to fvlfil their career potential. Thè Schooj Is ￿s0 commltted lo providirwJ employee i)IrAmalKffj kn forn￿ that are accessible to 81 empbyee groups and to engaglng In rggular consullations thrW tho H8adir#Jton Staff ASS0dati￿ (arKI other fcums) so ttwt employees. viows can bg updates by the Bursar. Pr(motk•n ofthe succ•ss olth• organlsatlon to b•n•fft Its rnemh Thè Director5 confirm that in accordarts with Seckn 172 (11 of the Conyani&s kt Ihoy acl in a way they consider most likety to achleve thg purpose5 ofts CornFony. In Mak1￿ this asse&sTh￿l, Ihe Directorn c¢Mgidertr rel￿an1 •c￿n$ olthe Bo¥rd are described throUg￿￿t th8 ryrt Taktng I￿ areas fcy Osdoswe In lum: The I￿g.lem7 su8lalnability oftr School ig dètaled On Ihe Stralw Repfrt Speuknmy, Ihe Di￿￿$ ¢¢nsider both operating resu￿ and finKial wr4edh)r6 and th8 kay ￿ Ihat r)egabvely iThwct thg Sustalnabllty ol the schod. Tr FThn¢e arKI Gonerd PuwsCc¥nmittee ¥J ihe hjll reNi&w managen￿lirrforn￿t[on, budgets. ftxecasts. cashllow I￿01•¢¢1¢￿ •id FK(¥JeSS ogalrt b￿t on a regul¥ basts. Rlsk mx¥8mnt the level of ros8pMs we 81s0 (8faJ88ed fvrthw in th8 rewt see pages 21 ¥J 17. b. Th• Intern•t¥ ol thè ¢omparfs •rnpkn•s In relation io gmploy¢e engagemenL tho Dkact￿5 recelve rngukv rnFJrts frcffi lh• mood ol tho ¢m￿oyeeS and s( thre¢Yyto slaftthrry thoir freqUent￿ts to the School. Slaff wg brigf•J reg￿adY by rnembgrs oflhe Senp)r Leade[Sl￿p Team ￿ the perfcffmarKeollhe School arwj strategc FAans. The Schoc4 conducts an annual staff survey and the findings arg r¥pKvted irecty to the OIred￿S. The Chwr ofGr)vwnoTS also meets annually wilh the Chaw of the Staff A8s0Q8tM￿. Further dètsi15 of enwoyee inv¢hernenl are discussed further in the report see pages 9 10 22. c. Th• n••d to fost•r th• ¢omP￿￿$ bU￿n￿% v•l•lkMhl￿ tlth ￿r•￿ty suppllers, and oth•rn In reAation to key stakeholder8ngapW lh Dv8Ctorsth cknsgty wilh parents. $laff and pupits. threclors re¢alve feedback frrxn Academlc aThJ Pastoral slaff rega￿1n9 for￿￿$ such as Sludant Voke and Directors meet with pupils in athnceofcouncil methgs. In •¢C4xdanc rylh finandal ytydures slandard payff*nl tam)s. supplier payM￿t ts dve wllhtn 30 days after the School recwes in¥oKe the wp49r.

HEADINGTON SCHOOL OXFORD UMITED AP4NUAL REPORT OF THE GOVERNORS (coKfiiiuED) YEAR ENDED 31 JULY 2023 The Directors hovo prrylided a reth of Greethow 98$ en￿$S1on$ lator Sn tho li c¢mpliarte wlih th• str￿a￿lned Eneryy and Rwting (SECR) ROFrfrt Tho D¥oCttys 8r• tho ComrNnty a. Th• dmlrnblllty ￿th• wnp•fty molnl•lnhig • v•WthI for hlgh 8tndanl• of ¢onducl Tho S¢hool a zero tolerwTh towarts frwj. Mbwy and c¢)rruption. It ks committèd to cornrAylng 18pplcalAe lav•B and rwlalions relatiry to fr￿1. i￿lt￿ Th& Bursw (￿￿luCI$ frwj awareness tranwvj for all slaff th• INSET days. The Directors understand ltr• Chaiity Cornmissknn requirements al￿ the D￿d io avohj and manage pot8ntial conflrcts oflrrtorest. Tho Cryry is Imit•d by guor8nt80 sodo8s not hwe share wital with the resuli Ihat It 1$ thg pdky cl Dre¢bxs to Fwovhye a aTrJ edwtion that enades all pwils lo klly exrlolt thelr a¢adernlc px)tsntial as as an eXIr￿j1￿1aT wlh alms to d8¥elop v¢￿tIOnal skills. lrfe4ong leisure Interests and to ￿thJ sell￿nIkkn and a destre to contribut• k> Ihè ¢onvnuny.' The Govwnlng Coundl r8vl•w ￿rryI￿nI Fdldes ￿n￿ty. aro r•vknbpd kn ¢JeW th8 Ed￿￿￿(￿n Conmlttoe at Ful Coundl. Th•$8 pdldgs are aval￿￿￿¢ via tho Sdhxl and parnnt prytal. STATEMENT OF ACCOUNTING AND REPORTING REsPON￿lLmE3 Tho Dir¢ctors e responsJl• for Fwrvvj th• RW and fAw¢lal slat•rMts In accordance wtlh a￿Kable law arKI regulalloro. l•¥ requtre$ the Dtr￿S to Kepwe fmrK?al stenwts for eath finanaal year n accudance wilh United Kirodom"Goneralty knaptsd Kcountiw Practico (United KwJlom An￿NtIng Standards and 8pp&'cablo 18wI. The financlal 8tst$3m8nts we requlrad by lawto gl¥ a Iruo aThl falr dthe stats ol atrs of the chlty of the In￿rn0 and exp8ndhLn oltho charlty for th•1 perS)d. In propwing finaWI $latamants. the tr￿￿e8S are roquir&J to: ' obsorw tre metlb)ds aThJ piwryl#s wi the Ch￿￿e5 SORP. d￿ck)Sed and exFdakned In the fingndal slatemwts: 8rxl ' prepare the finarKial staternents Ihe conrrn b85B wloss irww(ylèts ) wesum• Ih8t the ¢ompanYs trnnsocllons. disdose le￿tle wr8Gy at any t#ng Ihe financid wslkni ol th8 tharlloblo comp8ny and onablg thgm to On￿re thal tho stsl&mfrnts cc4))t4y t•h the Act 2{￿ an(1 tho of thg charity's ¢or4tilut5¢)n". They we respKfflslbkn for 8afeguardNvJ the assets rrf the th8rty ond tho 8rd hgrK• for tsking Dbrttlors ¢cffjffim that the au¢kn has been wovided r•fe¥￿t rformaticm lo pr•pare the audlt re￿rt Each member of the Goveming 80ty has taken all the step5 that she Sh￿￿j lve taken in cder lo makg hlm9eM or hgrsew aware ofthe felwant a￿111 tyrfwrnatlon tr> estabbsh that th• Schoofs al￿￿orIS •aw• of that irfom)•tkAL

HEADINGTON SCHOOL OXFORD UMITED ANNUAL REpoirf OF THE GOVERNORS (COKllNUED) YEAR ENDED 31 JULY 2023 MISSION STATEMENT The S(￿1.$ mis¥K>n Is to pThid• n8¢8ssary othjcakn, lrrithg •rnJ suppyt to putyls to dov•lop thèlr pot•ntknl as IrKllvlknl8to be Creative. Confident. Cwasslonate. C￿rageOus. collabjratl￿a￿l Cwtiw5. Thereby )sudng that they are 'Futurg Rfjad￿ kn ltsy leave Headlrw 60 trAt t￿Y be abl8 to Ihe place In sorlety and ba eff•ct￿o corthbutor8 to it STRATEGIES TO ACTrMEVE PRIAARY OWECTIVES The continued success of ￿ SdK¥Jl 15 deP￿thnI on maintainirvJ fts excellent althic reputstm ablty to offwpupi broad cunisxlum. TFwelrye. In ryder to wpport the 'FUl￿ Ready Girfs. strategy. Directors remain c4Jmmifted to hwe$tirw In staff and faciklie5 in cth to wtiv¥Je the ist educat￿ frx our pupils. FeB affordablity remakns key ¢¥)ncem Oje to infl8lK)n a￿1 ¢oslof wessur83. Directh wdtor $1off remun8ralion dosely in order that the School Is able to Tecwit a￿1 rela￿ the test staff in an i￿YeaS1￿Jty LJJWiiive markoL D¥actor5 are a150 consdous thal the ts)st ol 8C¢omn￿￿att￿ in Oxford is signifunty hI#￿r than in othw ￿￿on$ and lakg this into ac£ount when setting staff yemunerau￿. Headiwon partscp8kn in the amual Bainos CuU8r Solut￿ Iln8nclal benchmart supley In ordor that Ths Dlr¢¢tus are comrnitted to ensurirvj Ihatthe wpls have ¥￿tr•the ￿$t￿ade￿￿.¢O￿CUrriCUIarand tM)ardiro fadli14os POsElble to coMplem￿t the excelent texhlrg and paslry care. In additth to the ￿￿tructIon of a new Library in 2016, refvltsished Scien(1oL¥)ralwies in 2017. a new out(kn¥ play arna in ts Prep Sctrwl in 2018. an eXt￿ded and reTu￿1$hed Sixth Form Centre in 2019, the School cyened Creativity and Irrnvalion Centre tsi May 2021. The relocation of the Art Stthjlos lo the Crea1N￿￿ and Inn(wation Centre also alltyhd ts ScThl to construct a new Food and Nulrithon Certro two new teac1￿Tra kitchens. a new demcmstratK>n kitdwi and dinir•J area lAt￿ch was 0[￿ed by Prue Leith 08E, DL in June 2022. Conslrudion of a new rowiYJ booth￿ the River Thames al Lornj Wittenharn bogon kn Jun$ 2022 and 6t 5$ ed that thq f•alty YA41 be cornple￿ Ihe 20rJ AU￿ffln Twm. Hgadlngton has a large and vti8nt boardwig c(￿fin￿nty. As a result d an Increase in tjemand for mcre fi8￿ble boording opUcrt8 and graaler traffic C￿98$1￿￿ auoss Oxlwdthr8. tho S￿￿01 has Irdr(wJuc4d haLf-wg8kty boar(Iln9 lo provldè bxal puIMts wilh Ihg rwtion ol overThghl in (th that ljw can maxfimum uso of the extenslvo aftfjr-sc￿0I SENIOR SCHOOL ACHIEVEMEiffs ANO PERFORMANCE Headlngton has enjopj anolher Iwty S￿CesSfUl year. F￿(Ming a year of r￿Nd vel of admission erNuiries, the SclsoI Is now oparatknj at capa¢lty. with b)e AthnSssk￿S Team rronwg w8iliTrJ Isls In rNqny year groups. Once again. a return ol Publ￿ ExamlnatM)ns. acad￿￿ resLdts were excn( reflect¥ig the excelent teaching and hwd w(xk of all pupils. Additionalty. folknwlng a sustained pernd of ithyuplxrfi due lo have enjoyed pwlici)8ting In an exte￿1¥6 Cctr rri¢ular and elite athl8t• wogrammas. once again ￿n9 puplls ilh the opportunity to representstive sport at Tha School C(￿Unu•S lo dtsvdcp its l•ikswrth tho RDFZ CP40Y￿ ernrth S¢hocl kn Bwj'ry lo holp support th&lr Int8malion81 A-L8vel programrne. ThL8 partnorshp has 4$0 the shariry rf tsathlrg m&thods through varlous stsff exchange progrommes. 81though activibe5 restrith1 to orhlno KI vithal events Ihis year. Th5 partnwshl) conttnues to go from stspw to 8tr•wth. Academ1¢ P•rform•nce dosely allwed to Ihose of 2019. the Last fiAI series before the paThJtrM￿. Fothnateiy. tho thÉ dld not repeat it5 requlremenl for contingency in the form data colectv)n ￿Ints h&1 ￿ed wxh a burylen on staff aThJ pupils lasl academic year. In ￿trO$t to the surrffierof 2022 s•w scthebmes swJMficani r8dLKtions in Ihe specifKat•x pupils were exarrined in many sUt¥￿ts. in 20ZJ onty very liThknd c{r￿esS￿￿ ¥Mre made lo pupils takKJ pubuc oxams, wilh support restrided lo fomiula sheets for Mèths aTrJ S(aen¢e. The S￿￿1 seiued bxk into rrrfmal examinatK>n routines very $M￿Ahly. and on¢• agth, the deffion￿ wessw• les￿$. il recorded ex(%llenl oulcune$ at

HEADINGTON SCHOOL OXFORD uhfffED ANNUAL REPORT OF THE GOVERNORS {copinNUED) YEAR EhlDED 31 JULY 2023 30%. The A Level resutts also c(#nfortabty strow than tr nalkffial W¢lwo; H•adlngton rg¢ryded its highest . To all Intents al￿ pury)088s, tr¥$ was • nomwl year for Headwi. tAIth Ihe eX￿pti￿ ol a full ISI hi4th. wN¢h Cl￿ed th• Quallty of Educatlon ai Holrffjlon as Exiwllw. CtsCuRR￿ULAA Thls yoar has mathed a s￿n￿Kant nwlestr)M for ts SLlvxJl as it SU￿sIll￿ ¢ffer¢d a ¢(•nyePwsive and uninterrupted r4>currI￿11ar Fyogram the entire year. Ihe fr51 tim8 the crrset ofts COVN19 Pandern￿ Emrglng from these chakngSry twnes. th? resunwim of a full Nibrant t¢￿￿Mr1￿ar program has br(wghl greatioy and o¢¢omFAlshm8nt to the s¢W It rdecls ts Sdw)rfs c￿11¥0 L￿mm￿ to nurturing not only ademfc gr¢Mth IMA also th8 hotlic d8vek7p¥￿t olrAX sttKl8nts. Rowirwj conlwmxs lo shtne as a fvx¢¢. UK t#A inuea8lr on a W $c41•. thr SelK￿ Boal cr ensoys on excelenl reputatiM Sctrth)Athtetes and hos allrncted a rernarkable 140 gNts. with a nolatd& cr8a58 in l)arding parbc4pakn..Dwing the 2022-2023 Seaso￿ th? 8oat Club prolL￿￿ty sent Six 9Hl$ to fOpreson¢ GB or Ervjland al lh8 SLwnm¢r wemaliono1s. resulling gold ffl8das at tr• Workl U19 Charyylo￿hI￿, two 8iIvor md81s at th8 Coupo d• la JO￿$$$•, and two E￿jaThJ 4t th¢ Hom Internauonal Regatta. ¥h￿re Ihey secured gold arKI sI￿r med818. Furthe￿, Headi￿1￿ Tf•as solo UK school to m8k8 It to the Saturday SW In lh8 Junlor Women's 8+s at Henlay Royal Regatta. lrnpyess￿. H8adiWn serArod Champion8hlp tiues acffjss all agg grwps dom061t81ty. wfth rgmarkoblo Pth1￿ arKI finislw. NotsW. the c4xnmitinent to wtiripalicfft was In charblable lunthahw, thoro was a decrea80 kn thity Sludwts due Iw98ly to a lack of a dbjllal o)118rllon syskni and limitod support for cash cofieclKm. Nonetheless. dedkated chaths (axnmitto• showwod crnativlty In Sup￿rting ktal rar6MwJ r• £8.1￿. Year 8 a(th'ng tha way by (¥Xtrbuiing o¥w £6,500 to Oxfo¥ Mubjal fvid. L4 sludents. arnied ith on inthl capital of£8. exhiknted entr8w8￿l SFirii inliathwwJ various Innovative enterprise ideas to maxirr5e cthbutKy)s foriarity. These eamNJ makirvj. personaliged website sales, captivating village shlykns, wofess1u￿1 cw WaShW￿ servw5, ba￿n9 and d￿￿rir9 ddK¥ous treats. SUPP8rdubs. and bead makirwj acbvibes. The drrnse range of lundraIw￿ irm1iaip￿S uThJertaken by our studFJnts was truty Imprèssive. Tho majority of ctrwitable #iiboted aThl18d by p￿ts. Tmth highlyhts I￿ludi￿ nearly £71KJ raised fw the Bnlish Legio¥n P¢ppy fv41F￿, 2ty)O items dotwled to lh¢ Comwyty Em¢rgwy Fwj Bar& in Oxford. and g8rnrous cnliM donat)ns for nat￿#1 ovents s￿h as Clildrtn in Need arnl ft81￿. ¢onsistgnlly syovide a multit￿ of excit￿9 OPfAytyr¥ls for st￿￿￿ts to tlyive, lown. faco ¢halkn98s. and havg fun. This ye¥. the introduction of new rerJeational bthinkn and ba5kelbal fJub5 has g￿￿trd signifi(¥nt èrthusiasm. fixttrns program is extensi¥•. wilh over 100 r￿tureS encompasswwJ ccunty. rwLY￿1. and national competknns auoss Yadous Sp￿s. Nclatly, th? Urth 18 hc¢ey team T 1 r￿t(￿l lea9U¢ stat￿5. tham a￿￿￿9 the bjp 32 shles In Iho CoLmty. Nottjal toanNs ha¥0 also rA1Wtsd In twnamants. a vklorlws slarl In Iha Slsiws In ps. Tho Comblnod Cad8t Force ICCF) conllrm￿s to gwrw year by yo¥, ilh $1 c&lets and 3 athjlts wUdpatlr¥J reg￿3￿. Tho Sonior Cadel8 aro dwnonslralirvJ exc•pttha ￿adshIP WKI d8v•k)fftnt AnnU￿ty, th? Con￿￿nI plays a plvotsl rcle In Ramembranc• Day ovents wilhin the school and li Oxkd. Haad￿￿t(￿ has also eThJaged in regular tr8lning and fiald weekends. In(￿dIr￿j Ac4ntffi8kl tiip$ 8nd c¢rrytslKYS thlth M8gdakn Cc4 SdM)ol. Cheney Sth(￿ and Radley Cdlege CCF. Thls year. the Headytgton CCF Coft¥ngenl earned thg liU& rf Best C••t thg CwAro1 CCF c￿. a notsbl Th& Drama Depgrtmenl rwnalns a ¥lbrant for SlAKlwrt talen( rrtrnous prcthclkms tIw0￿h(Art the year recohrtng posltive acdalm, Tarniry ofts ShrwlTho TwwTam•T aTrJ Tho Uon. Tr Wch & Tt Wardrobg.. Smaller performa￿0￿ Ind￿j•d an play by U4L5 sbjdents. Jemrro Kerw￿S Person NaTrative' by th8 sd￿￿[5. and Ihg ￿ay'NuMb•rs. by the L6 A ckss. whk* oThd several ￿rndS. irrjuding Best Gwup Young Perform io

HEADINGTON SCHOOL OXFORD LIMITED ANNUAL REPORT OF THE GOVERNORS (CONTINUED) YEAR ENDED 31 JULY 2023 Dl$tinctitin. Hfjodlrtglm Theatre Acakn has fflad• a successful $￿t. wthlthtyng a (¥ad& 7 Group Di4tirKlion and a Grnde 8 Group Disbncbon in its exarnin01b￿ ptrfcffiw￿ at the erJ of tho ye¥. The Depwlmenl ￿ntIr￿￿ lo Ih)Lwl$h. ovw 4(A) Y#JWual must18sson$ each th￿￿9h￿l the by 25 Nisibng instrumental V<KI teachers. t￿r 30 concwts were wesented th[0￿hout the year. ranging from Infcrfmal lunchlune perftym8n¢es to hig￿t￿ofikn ￿ents su¢h ¥$ th& S¢ThK• at Christ C￿r¢h Calhadral and the C￿Cort0 Competilion. Largewsc4Je evening CA￿ert5 &iw 5b￿d￿ts from Ihe prep peTftirn¥ng altsngsidè Ihelr slxlh c¢)urrterparts. Our sludenls hav8 gxflled cx)mpetsti￿. pwlrnd with lrtal yoth artrn8n( contirw to offer <¥ws• LVlXrtir¥li8s aThl ov•nts to onfxxwa9e participation a¢r08S all year groups. Hèadinglon De￿ AcJerny classes arn1 Roy81 A¢8demy Ballet das$8s on Salurdays have proven tmghty successful. ThroughrArt th8 wook. studonts oryage In Street D￿Ce. Conlemporwy. and Bal￿118880n$. Th18 year. Balat hos expanded to younger years at Prep. wilh sbjdents adM8vng hiqh slandd5 kn their Royal A¢8d8my of Dance {RADI Ballot exns. PorfonnarKo opporttintllgs have aitywndod. irKluding the frst wtw)Iw¢hool Ballet show, Headington Dan¢t Academy {HAD} aThJ 04bn Dance Youth cdlaborative Ftm8ntss. Mnd, Body & S¢ul. Stgppl'ng yond, HDA 8￿Mer $hrywGases. aThJ HDA Prinwals. LcrfKknI perfrrnrK¢& GCSE and A Level S￿dents havè enkned trips to Lon(knn Contemporary a￿j SadW$ Weus. 0odic•t8d r¢h¥atsal linos in tho d￿¢• stutho. In our SeC￿d cohort olA Level Dancer5. on& student succes5fulty a￿1￿C¥￿d lor piesligMyJ$ dance txn58rvatoYes and 1$ n(y Headlngton students olso SuC￿S[U￿Y cLNnpW Duke cl Edtrtwrgh Sihu expethltrts in Ihe Wy6 V81. Shv￿ing t￿r Outdc￿ skills and detwmina1ion. AdditK)nalty. tho &onze ¢thort from 2022 a¢hiwed on Improssi￿ 65 Bronzo a￿ards. teslamenl to therr cornr￿ and etfort F￿￿￿More. 87 pupts enlknia5ti1aty sywd up for Ihe 2023 prov￿. whtch is (yjrrenty in progress. demonstrathng a strong Inigrnst kn thg prryram's offerings. Notably. tho School has the hlghest ¢1 Slfver partiCipa￿S in recent ye8r& with 55 shmjents 8cti¥ely engw, hwJhlIghtir￿ the growlr¥J enllvjsiasm for more challengir#J outdLU exp8r￿C•S anMHVJ $aMl8nts. Those aCh￿ern￿￿ Unders￿ the program'8 impxtsnce in fi)s¢eriNJ persM81 dwehwment and rnsik¢rKo amcTh.J H••JiYJlon sbjdents. PREPARATORY SCHOOL ACHIEVEMENTS AND PERFORMANCE Tho Pfep Sch￿1 er¥oy8d a very s￿ceS￿l 2022.23. Tho year was W>eat •twrpllc the stsff tèam thlng at a brisk pa￿ and chihen and tsmilks moking the m¢1 of Il full edUoti￿oI 0ffertt￿. Stsff brought odd1tiL￿aI strengths and, 8$ 8 resuh. wide rarrfjing events featured on th8 caendar wilh enthuwiiG S￿¥eCt badèrs intro¢kniffj more Inltiabves. The School was wol prpar￿1 th• Iw4walted Educallcthl Quallty Indepè[￿Tht Schoob. Inspedlon; expert8nce was wsilive fw tho stsff and puplb. Th• Scwl was I￿nd to be wryli•t and grad8d as ox¢oll•nl In both pupls, 'alemlc 8Th1 other athlevements as well as Iheff pus(¥￿1 Key rThl1￿ induded.. Pupts are excellenl Tht#) $lv ¢Mtstandwy sk Pup18 dIsp￿Y exceNent atlitiM185 to leamlThJ from an earfy Pupls fmm an earty age shvw h levels of knryledge. sklb ar#Y exc%llenl undernlarnling In lessons arKI ' Pupls rapldly dgvehw Ihetr skls ackn slandwts in thetr awlicatic￿ of inftymallon and wmunkalion teC￿01C￿y. Pupils. levd$ of $o¢i•l devol0pm￿t ar• hb3h. Pupus, rnoral uNJetstanding is ex￿ Pupils 8 signifKant contr￿11￿ io the Ife ofthD •wJ l￿fil thotr wNh dlNg•nco and coThThitment. Acad•ml¢ Reftecling on the poslbve Inyact of the knrKJer day lty Key Slage 2 {KS2), the langth af day oxtendad for Key Stsp 1 {KS11. This fac4W o nve purthal stwt lo ts PUFa$' lewnw In ts nKthng. thLs er￿￿ed us to Max1r￿ lesson tim8 and had a Fwjsihve irnpad on pupil crtrtc￿.

HEADINGTON SCHOOL OXFORD uIArrED ANNUAL REPORT OF THE GOVERNCIRS {CONTINUED> YEAR ENtIED 31 JULY 2023 The hlghty successfijl stretch and CP• TKaS extended irto KSI a f(¥yJ5 on matscogntlion. ￿n￿ul41n9 thwn to havo o rnlnds8tw￿n sthr4J wrA¢ms. The Stretd) aNI Challerwje Register exterthd d￿n Tha pupll$' atlatnrnent kn Malhs Tkn$ wlent and thls was chamwwing rA￿J[uM ¢ov•ragg ￿ Ihe experllse of provlsion. The language provts1￿ was imwrmd wlth a s(m& ofTA¥)th for Frewth wasgd $taThlards. kn addrtth, Latin was Languages Week with pupA led asson￿r&S and fglat8d ￿41￿￿￿. Th? School ￿ntInU•d to rellect on th? pwJ$' •tsiMiert To this ffid. as pwt of its Tovtow (rfthe ￿$h covwage. the English Subject Leader undertoc* a resewth woiect to wkntify the inwt of an plalform for leadMThJ c0mprohw1s￿. Thg COrd￿lon was ￿ tx)skno. mainty to Ihe knm¢diate feedback givon to Ihè pupll$. Tkne was lo ￿nd thè Nwls, t•thikd EIW #JIS. AvAdwanglng progrnrnm8 of VIS￿s. llsllors and events $Uppkn￿￿d the curtb)Jum. lor ex￿PIe Ihe very swc•$sfiJl Prop hool COP22 Yw 6. 0 W fo8lure rftich w￿red tex ofpupts to a (￿nty. ouulnityd trlglr proposals for wldgned to b¢tter reffect the puwl slaff school ¢(Mnmunty. Any oppr￿n￿l VAS uwj iD c•lobraie dsvwsity for exampl• o dass assrtly on WThlwsh as pwt of Bla¢k Histtyy m￿th. A memtw crf $ts(f Wrde her dissertation on'Practitioners' EYFS Ex¢elent leader5hlp ansur&J that Eaty Years dep￿￿tI￿￿ from strength to 8trwW. NAt 8kYag• anablgd th room to bo rearm￿ so that re￿1¢0$ at thbj Iwht, 4IN#ig tho dllldrgn to a￿asS IhBm indepond&nlly. Imklren prxtiged the faryjagtr ofth8 twm Swry. Ilth. SwnDw. Spanbhl. The in￿alk)n crf the Tra￿ltIon Passwf facilitaw gmater into th& dAdren's tthfferent enabled Year. Phtsnks pro¥isKJn rj)ntWm￿d trJ be Str￿ Intr￿1￿ Phase 1 ThKh ¢n￿red th81 Iho thtdren had o Solid loundauon In 5p•akk￿ &)d 1sten￿ skkls bekne stwled the Read. Wrk inc The Motor Movers wogramme was Introd￿ed. Thb S￿￿1•d deveWNd a highly successful neuro4oYelopmw# ffino grr)$8 molty 8kWs d￿. Tr wnpo(1 pryrammfr wa8 idonll In hmprovemonts suc 88 basic contrd. Pupll wdlb•lng Mental heatth and welbelng lo be a fo¢#A trtha Srml WKI tr Dewty Head PasbJr81, a Irainer on deit¥erfrvJ Mentgl Health Fw¥tAJ {MHFA). ￿)ntIn￿d to train mthYors of staff so ltrwwwe to idenlrfy PUF41s were slruggllThJ with thelr mentsl hearth arKI ￿9n￿m)st them t¢ S￿rceS ol S4w￿(. ￿k¥OXiM￿￿ two thlrd$ of th8 staff have beon trained In MHF part ofits c4Jrffiilment to puyl welbeing. SdK¥ol ¢4181¥od Menlal Heath Awrn Week. Chlldron's Plfjntal Health Weak and Youth Plart81 Ho•1th t)ay ilh ts therne of Lonelw￿. Ass8rnllM PKed k•y thom¢s, for exampfe empathy and arli 4ulfyryng. 12

HEADINGTON SCHOOL OXFORD LIMITED ANNUAL REPORT OF THE GOVERNORS (CONTINUED) YEAR ENDED 31 JULY 2023 Al the start olthe acadernlc year. soclalakn conttrwjed to be 8 dlffM)JKy. Htrwever. as wo W0￿ed on themes such as gmpalhy and lh& puplls ￿ned cMf•Jonce In how to maknlaln friondshlps. thore woro fower su95 In tho playtyound. Puplls also InLYea51￿ skilod in ￿￿￿gI￿j di4greemwts. on thetr r85t<ntive juslice skil5. The Prep School conlirwfjd to identfy vrays of str8ngttr￿ln9 the FA￿15. wsonal d8v8kpmenL espeaalty ensuriNJ that the pupls fell that they had a v￿ce arwj that there wa5 always somwTh CArhJ tslk lo, be il a trusted aduli or a peer. This was central to ow Prot8cti¥e Beha¥￿TS wograrnme whKh VAS key to onsurng that the School was a safè s￿￿ for the puplls. The 8lg Si8ter Little Sister intstive. wfre dder pupils wwe pll￿ed wilh y(wnger pupts during their time ot the Sclwl. WOVKlod an addlknal of sukyyl for thg children. V(th swlhfj￿ links across thg year groups il helped lo ¢r•atè a ol beknwing w¥J ¥rith tho Sistas roCOWW5ry the noed fo¥ ttm to act ¥$ mcMJo1s. The Chlld Iyroteckn Online Management System (CPOMS) wa5 introthth1 aThJ used v￿effe￿￿ty. 11 fxllSt8t8d an off￿ent ofcentrallslry ￿ conThinlGalJn9 rewds as wll as idrfylrvJ trwMI5. and completed thek Ma￿Onal Onlino Safgty Certifi￿￿j trasniry. oftw Iheir tr4ining sossion lod by Iho Loader of Digltal Strat8gy. In additson. the pupils ￿neffied from Y7wJ ￿ l Tely led by 0X￿d Against Cutllng. Tho pupll tr￿ni)g at Il top the Prep ScK)of ¢wtred arvwKI ts)ns•nt aKI Ma1￿ 1trKWht￿kkng dl%ussiws arose as a reS￿L The Prep SclKd continued to develop furlher OFPNtunith pupil voice. sc1¥x￿ CwKI, run by Ihe puplls. was a powerful lorum. ￿lch comptemenled our wr¥￿. uwj frowtnty as p¥t ol th8 change pr(￿$5. T comp8trf￿. W¢Nkslkips tr Yfjar 5 (Pro￿1 to be a Team) ory1 Yw6 {PYwd lo bo by an gxlomal wovklor woro invaJalAo in hgwng Ihe PLyls to dovehjp thek St￿ sklls. Thg S¢hwl Bws. used to promote lewnlr#J hatrxts. were embedded Ir¥￿￿•r￿a.GW)'. wr wryssionats bear: a key hablt for the pupiLs to wxtise and rethne. The'open D￿s. progr8mme, affording tyP(y￿ni1les fyx the P￿lts to b&am. was extgnded wllh tennty events theme5 suth os." neurodivergty. sleep ￿ anx in dmhjren. A revt8w of Ihe Prep S¢hool'$ PSHBryiSE was As wl dthe rn¥iv. parnnts. slaff and rM)ils ¢tyulted. The results of Cons￿ V•We shtred wilti of the fcrf examplo in ass•nblios. We rofieclod on Ihe Ilfe oltheen Ellzab8th 11 aThJ co1gtKaW Kkng Clwfes Ill's Corc￿￿1￿ trwh vwled events. gspgGially assemblies. Those afford•d cypothnlll8s lo rolnfryco ts wp15' ¢rflund￿￿I Brfti5h valu8s. staff The rnwly Intro(luced persmal dovebprnnt h•J a sLKe¢ssthA firsl year. Staff {tead)ws and LAS) sel their own tsrgets and spent lirne with thqiT pe¢r SUpp￿ters. A mqmbgr of slaff romwed hor BA in Chlldhood Sludles and tho Head cthnpleled the ILM Le￿1 7 ExeartNe Coaclmw Wa￿￿￿11¢￿. Sport The pupls bgnpfrtod w￿$1Y from tho N9Ny expwwKed staff. tyA8tandif¥J spthts fa￿lIVeS as as a lul progYaThwne of sportin9 prowon, irKILKling fiknjres. S¢Pml ¢nioyfyl SLWSS * r¢gionaf, cwnty. national and Inlgmational level$ in 8 range of sports such as netball. I￿they. uoss c￿lty. tXatM￿. biathle. swnrnN¥J ￿￿1 athletK. kKINJual pupth8 represented tha county In SFKrfts s￿h as tennls. uoss C4yJnty and Iwxkoy. 13

HEADINGTON SCHOOL OXFORD LIMrrED ANNUAL REPORT OF THE GOVERNORS (coiillNUED) YEAR ENDED 31 JULY 2023 In the Indep￿dent Associ&1[￿ d Fep SfJx)ds (IAPS) Nalional lh• U10 tewn eame 101h in the medky relay and a Year 5 pupl gjkl in th8 25m br•aststroke. the Meraa Athletics. puf su¢c•$5h in the N•tirywS Fnals In hurdkn, Javel￿ and 100 motr•8. A Year 5 pupil repyesented (>eat Britain bi8thlo in com￿Y. Sh•1kn15hed 4th in her indpiidual event. won gold In ltte leam 8¥ont aThl a slvor in th8 med re. Cowcurrlcular suc¢•s6 The Sclwl's extonsfve c{￿￿￿￿Ular pyovlskffl i￿￿KIed o¥ff 70 per In aOJitk)n. thè Satu￿Y Academy Jr8nwno offored addibon•l oppthinllbtrs for the pupls to lh knlwests. In tho UK Maths Challenge {fry wplb lo Yoar 8). IIYo9 Yw 6 puplls r8celvwJ gokl aword5 aThJ 7 rtt•hod 811ver. Res￿ for thè Prknary Maths ChThJ8 wern ewaty plè&slng with 8<¥no pod kn the In o)Inty. In a c￿￿nty nyaths cc¥npelilion. ts Yw 4 learn rearjwl Ihyd Pwlornilng Arts Outside s(od. continued to ex¢el. For exarnrA8. the tl%ir (¥tewry in tr Oxftyd Music FestNal. In addition. they won the over¥1 8wwd fN Ihe best cl th• ThBy atso c￿etsd th the fin￿ ofth Year 6,$ F8shlon Slthv for ¥thith tho wpiL4 w•W dty•m tho r￿1 In ttw upcycled P￿lS participated tn nThrous ASSOC￿ Bowd ofthe Ru￿1 of (ABRSM) mvslc exoms. over two Ihlrd$ of thg &hwl pcyilakn loaml atlgast one mustcal Irthmert As usual. thgro was a 100% pass rag vAlh puplls achleving Co1￿￿1 rosults wilh a ￿￿nd1￿3 numb8r of di￿1r￿lkJft$. A small rxxnber of glrls lo( Tmity Board MUSK exams ￿ a 100% pa$s ralo as wilh the Trirrity A￿lc￿ Tratr• Exns ￿th malrly There mus¢ production exan$ by RSL l Roc scho￿ Grade 1 vAh 8 1{m￿ pass r•t In Ihe Trinlty Guudhall $￿e¢h aThJ exams ￿ owwhekn¥ nunts ofthe p￿11$ 0¢h￿Qd a di5bndJn. The rolished evwy opwtsthity kn d•veh)p ther and drama skls. Ch•s• regh)nal Imls. Outreach The Kquslc Loader organised a ¢on¢t kn k￿1 m8wtsingd sthxls. Th• Ygw 3 Prffnary con￿ was wdl attended. In addilic¥). the Chamtsr Choir at a local cofflmw event. The Thursday LutKh CK￿. Parents have rthhed kKre8sed SPO￿ tlm kn x¥xl. Ttw omtMa¢¢d tha oppcrfkmKy to rA9wdse 8nd ths ChrLqtma$ Folr for the first time h three yews. Charflabh •¢tlvttl•s Tha Charity Coordlnalor abty supp￿1 by I￿ pupl dwity and th8 pupl ra￿1 8pwoxlmat•ty £4.000 for Hd8n tknglas House, the sele¢ted by ts wpns. A raryg ofavanls ￿ra prow)58d and oryaniwl $Lt¢h 88 8 by Ihe Ice cream van. NoTrUnlfomi Days, Ihe Poppy Appeal. Ct¥tstrn8s Raffles arKI thg ctrdtd￿'s ￿ty. In addlllon. many pupi15 Used thelr own I1￿1[81t￿ to ralse nKrny. Pupls arKI staff atso mada 8w lor Gatfjhmo vthtch syiorts the h(Kneless In Oxford. F•clllllo8 the wpiEs' learning. 14

HEADINGTON SCHOOL OXFORD UMrrED ANNUAL REPORT OF THE GOVERNORS (CONTINUED) YEAR ENDED 31 JULY 2023 The yeorw8$ su¢cessM many frrrts. flth so nxth c•) offerfor the pj￿. They beneffted frixn an enriiing and 8xc4ttng educational experience pl￿ned delvered ty exceptxwl sLffl. The Prep Schrx)I wa$ an enrithiThJ. safe and lun ￿acfj to bo In 202243. PUBUC BENEFIT Tho Dlroctors, Wlcy on pUbr￿ access is to rnaka Iho benofts of a H8adingt(¥i ad￿1￿ increaslngty ac￿&blO to ycAJng people frorn walks of lrfe. In acconja￿e wilh these ams. ￿ sdM)ol off•rs assthd placos to Capable PUk415 from a varl8ly of backgrounds and is Clytr￿Iy seeh'ng way$ to wnprove accs$ to its highqualty f&lilies for locA sdwol$. ¢ommunity growjs and char￿eS. kn pwl. $￿KK￿ to dgvebp lknks w6th local wnmuntygr¢ws and schools. School C•nlr•d Inltlal Te•ch•rTr•lnlfig {SClm The National Mathematics and Pttysw SCITh offors uryrled aThJ ht9h-w tethr training. led by Mathematits and Phy￿cS axpwls from the best s¢lth)ol$ nats(Thqlty tn a un¥4u8 cdlaboralion b8h¥88n the stale irKlep8nd8nl sectorn, and In partnorship with ￿ts18Ct assocmtions such as The Mathomatscal Asstxiats￿. In >)22.23 Heathnglon School Igd th Physlcs tralnlng for Ihe Central Hub, effBring places PhysKs and Mathematics gr&Jates. The School a150 hosts annu81 resklenllal IndurAton owrse f(w the rog1￿. The akn Is lci trakn high qualty 188chor8 of Malhwiallcs and Physlcs: it will, over lime. raise tho stsrKlard of leacin9. #nd sludenl ¢￿te0￿. in MatherI￿ticS and Physics nalionalty. Headington hosts Ih& Physks ¢andKJates for one day every fcrfthight. duriry Iraining and besson 0￿r¥alk)n9 take place. A mtmbèr ol stsff al Headington is so given limelabkn allowance to c£¢rfthale ts train￿g. and a range of teachlr¥J and noTrleaching staff we Nwdved ￿ si4wbry the candidates. Furthernioro. Headin9ton takes a key role in PKtsting malhematics SCITT trainees as the host sdb>)t IlwhoNJl the year, this rdo is now assume(I for one or Iwo lrnirw•s •ach year. Muslc Partn•r8hlp with lo¢•1 schools In 2022-23 the Sctthl launched a pr(Jramme of regular lau9tbt nwsk lessons In Headhi9kn lacrfbti8s to pupils from Sl John Fisher Primary S¢hcAII in LrtlletTh)rp fr¢xn New Mar5kn Prnwy SdYS. Pupils are tranS￿rted using Hoadirtyn M1￿bu￿$ arwj tsu9ht in gr￿pS tr￿h￿rt lh8 year in such a way that overy pwjll Sn yaar S and 6 ot the prlmary schocA a course of muw knsor a¢ffJSS tho year. Tho wogrnmme ¢ukninatod in a cO￿rt hostod in our Hive Gallery spa¢• In suffmor 2023, v￿h Headlngton Year 7 pWatiNJ and senJr pupils $14¥xm thtr evenL Prlm•ry •nrf¢hm¢nt ￿￿10￿$ In S¢lgnc• and 8port Throghout 2022.23 Heathngton Schc¥J hosw 11 separe primary SLM>)1 onrikngnt Sossk)ns In spoclallst Sd8nco and Sport facillles. tsughl by speclalist from Headil￿1￿,¥ slaff. tri>m New Marston Primary School, St Andr8ws inwy. Winthnill Primary. Pmwy. WKI S J(kn F￿r Pruwy. all U$• ol School fa¢llltl•$ The School continues to We1cL￿ a whje vaiiety crf local ￿gaiS8th￿. many use ourl8dlties Iree oldwrge or In exchango lor oxtrematy competilfva rat6s. As thesè Nisitcts arè often fM)stsd during temi timè, it is always important to balance the ne•d5 of schod agak￿ of •gn plamirtsj for offectivg usg of our ex¢ellnl fa¢ilios. In addition to these rog￿aT arfar￿m8nts, Headr&lon Scy)l knlties Arn often used to 8UPPOrt or ￿n￿81 events that be￿flI trthe kxI CON￿nsty. Htradlngton School •v•nts The School regularty tThls eminent $p&kers aThl INganrses a WKle raryo ofsupra-￿rrVjrtaT adivfoes and events for the tenefit of our pupils. It Is COMTh￿nplace Ic¥ 51Aff cyni5ing such events to invite pupls and staff trom other such events indudo.. CEa$sts conference. eminent speakws frtyn th• University ￿ ¢)xlord woswted to from Hongton. Cheney S¢hod, and Cherwell SdxK4. topts related to the GCSE A Levd classKs S￿￿￿1. FThlos￿Y Cafe- pupls from Stste sdKAJls are regularty inNryted to atteryj our excellent series of after sch¢x Burlary poll¢y The Directors View our bun•ry awards ￿ Ynportwrt Y bth t￿pty b ensurn lan*1￿ W￿ld 0ltrthi￿ not be gbk to affo￿ the fees can access the educalk￿ ￿ oltgr wrfl to atso relievg Ilnan¢ial hordshlp whwe an exLsting pupifs ¢￿tinUed e(kKal1￿l8 at risk. ac¢￿t￿lty rary• from %J% to 1QO% reffwssiffi offoos arn available to all Is

HEADINGTON SCHOOL OXFORD UMITED ANNUAL REPORT OF THE GOVERNORS {coKfiNUED) YEAR ENDED 31 JULY 2023 those enterirYJ the Schwl at ages 11+, 1> and 16•, are a¥r￿ded k¥ those ¥rt￿. the ¢Jpith of the Sctrwl. show the eatest pOt￿tsaI to ber￿ffit from all thal Headww has kn crflor. In assessr¥J means Imewtrtestirg) t￿• tak• a number ol faclors Into ￿n$￿Je10t1￿ infjudkyd fan YKX)me, in¥esthnts. $8viigs and araThstance5 0￿u￿n9 de[￿Trt rdalives 8T￿ the number ol ￿tAIr￿. tha Sclml do8s rnt h￿• • I￿ •Kknbrnnt and Iho total aThKyunt of money alable is Ilmitad. Aldtyiondty. as part LKI ow on attrxthg and retwning c•lbrè staff. th8 School cthr o fee iissbn sePwme for slaff memb8rn vrt￿ clKThe to educat• thldrnn at Heathi9￿. be 01 rksk. AS a dirn¢t resu of tho CcrfLw¥lnJ$ par¥Jorfk and tho ungXP8Cted impact of Ihe porsonal fmancial ciroJnslan¢e5 of a smal Nffthrof parents. Dwector5 made addli￿1 finjs availatlo to erwrgry hardship grants ky Ihese families In orfer thal Ih8ir daLwJlrters' ed￿l￿)n was rnt th5wthI. As the b)tal amount of mclw is limitod these I￿r$arleS are fO¢uS￿ ￿arity on w) y•ars. In 2022-23. 52 (2021-22: 541 meank5ted ffinanci￿ awards were made whore •Jditionalfin•wal assistan¢¢ wa5 needed etiwtoeMbl xc•sstoltr scho￿ orbgcaLtse ofgeMr81 hwdship. Infom)aJu) obout fee as8151•￿0 thwh 1xwsali￿ 18 to 811 pwonts lo th8 Sthool. is avallable on the Seholushlp poll¢y I￿r $¢hd¥r$hips are avarded on the ba515 01 Ihe in¢lwidual's araJemK wtentwl or of •xrxpl#)nal abilldes that wil It 1$ ¢onsiderad a great a(M¢vernenl tobe ￿rded • sthSarnhiparJ awards we m•J• lo rec¥>gnise enlhusbasm. excellence d Ihe p)tenllal to be a l•adBr in the s¢lKWs m of ¢xwtise. Sclok¥s have th& CfVNtu￿ty to tako advantago of our highly rtgarded enrithment 8nd eXterK81￿ wwaMmestofurt￿￿de¥ékVthtrn in lh￿1￿ ofexperti8a. Ther¢ is NJ financ4al award lor the ma￿rity of schol¥shp caThl¢dat&s. Th￿Ver there are a numbar of spe(xl acad8mK •nd music scholarshlps avaiLable to th8 ht9h8St achiovry cand#lates at 11+ 13+ aTMI 16+ a￿1 li addilK)n, ThKJ5iC s(oknhips afford free lultion In a musScal Mistrumgrd of ¢hoke. AJI scholars aro offw8d a plo¢0 on tho rolgvant scjthrshlp programme for thetr dwn th'soplints, benefithng from Ihe huge affay d mastw¢lass•s. ¥¢0￿1 ¢0o¢hlng and rnwknrbrvj Paronts of pupil$ awarded • sthoknhp. Tho are Concen￿ that Ihetrf•wthl wgrrant supirt May elect to b8 mean$.tested by the S(¢xl. wlwth may in the wward ofa ixxsary of ￿ to 11XVA offees. L•vels offironcial support we revi6we(I wmually. We advertise aY￿￿ty of scJarsNp vla ow and prospgctys. In 2022.rJ. 94 pu￿15 (2021.22: 95}berfted fr¢ffi sct•Ywslty al Headiwn. The rfpwll& recamng 8thokrsNps 18 revOow¢d anNally to enswe th is In kn wlh Ihotr 8blits. No scholwsNps tho year as a fOSuII of Ihese Tevlews. FINANCIAL REVIEW R•suttJ for lh• y•ar finarthl pr•ssure8 bwTh3 èxwieThxd ty lh• Sthorl. The fvl re￿ ￿ sh¢Yn i) Ihe statement of finan(ial acOv6ties and limited and Hoadin9knn S(ool Intgmalion￿ LinNted. can bo soan in fth 7. The financl81 statfjm￿ th(Av k¥thg Sdwl arai¥tts c1£242a8.917 (2021.22: £23.585.6101. Principal source of Income Is I￿n and boardlry feB8. Tho aro conllThJlTrJ wlth Itdr strntegy 0fdgpl0￿ all not incorning resour￿ to in th• th¢alkml pur[￿￿ aThl fab￿ ¢ ts Proparatory and S8nAy Schools. Th partnershlp wlth the RDFZ ChaordrvJ Bran¢h B¢Slng w￿unt•d lor a 8ignifMxnt elemert ol Miscellar￿ educational ￿come. Fundralslno Porfommn and (thr frknds of Headiryton SdKol r￿Se lunds to the Schoof5 f•eilllies anable us to offer more bursaries. The Sthool r￿n1￿￿$ to me Fmgross in rwirwj 4rknlary furvJv¥J. recer•WWJ £285.381 In donaliDns during thls r•porting perb)d12021-22: £595.597}. 18

HEADINGTON SCHOOL OXFORD LIMfTED ANNUAL REPORT OF THE GOVERNORS (COIITINUED) YEAR ENDED 31 JULY 2023 All fimdrolslng aclivlli88 lor the are mon•Jed wd Undertak￿ by tr Development Offic¢ tsam 1hro￿ Fwsonal ¢onla¢t with the Headingknn community, d overseen by the DYecl(Ys' Devebwwt Committeg, a subwrrthlttee ol the Go¥nkng 80tty. Hè8dlngIc￿ S¢W Is a membor of Ihe Institute ol Develow6nt Fthsslonals in Eduratth (IOPE). registered wilh tho Furvjraising Regulator and adheres to lh8 Stand￿15 ofthe FunthalsYNJ Ccth of Prackn. Hgadkngkn adherns to thg Gonèral Dato Prote¢tlon Regu&tion {GDPRI and (xty ctha¢ts Ihoso for ￿ our ccrnnwnication wll bo ro18vanl aNI of legrfimole irteresL Alumnae, pupd5, Ptr￿ts, staff mnbets o1th8 publ￿ may rewest that thetr InfcffiwlLY7 1$ reft¥￿d frcmn the Scl¥Jol's dglabase ot any time. as c#Jlinod In the Fknvacy Polw publish•J on lh& Schc￿'s wd)5ilè. No ¢ompkirts v•slm•nt poNGy. perfonnanc• and obl•ctlv Investment acliwti8S oro managwj in Iha of Tnstee Act 2000. Investment powers are pvemed by Iho Company's Memorandum a￿1 Artides. The FThn¢e General purp>￿ Commiltee ￿ d&legaied investment prr•Mrs and has appofvitod Sarath Parts￿$ in 2020 as Inwstsrnnt Manws allgr a com￿111￿￿ tandOT rnc088. Thè sc￿or$ inveslmenl ot4eclfves we to balance the awrent aThJ fu￿re nèedy ty. • maintsinirmi (at least} the value of ts wNeSlM￿ ￿ real tenTiS: . kYoducir#J a consistent 8fh1 sustsinabte •mtyJnt to suppcrfl eXP￿&ture. • doll￿￿n9 theso ￿ectiveS le¥eb of rwk. £￿)0.0￿. Ros•rves l•v•l and pollcy 11 is thg poly ofthe Dtrectors kn c¢rtimJe lo ￿lId r¢8er¥es that ha¥• b••n COMM￿ or ¢knwted for any part￿lar PLwpose. The Directors have set a￿e those reseF¥es ￿ order to prOt￿t the thjlure OpwatlDr￿ of th¢ Schoc4 from tho effects of any unforeseen varkguons in its Inccn8 streams as part of a policy of giLMI fmancial manag8menl pradirn. In ¢inmon wilh other IF￿8￿dent schools, the DrerA0￿ have Thiesled sthtanlial 5urn$ into new Schtr)I buildvry$ In rowil yeors and S¢hoofs t¢tsl rnswve¥ d £33,065,21Al 81 the ￿r•I unsp￿1 Restrlcted of £362.628

nd £32.702.581 of Unrestrtctsd income. incknjing £1.151 of shwe caprtal. Alhwgh the re5eNes ar* 8t a negatlve

balanGe. thls Illustrates ext8nl ofthe Investrnenl In tho Sdwl. thh L% o practic8 by IndopèrKlent scthools thl¢h have lo fThnc• thoir thvn ca￿tal Invgstrnonl plans. Tha Dyect￿5 consid8r Ihat given the strenOh of th& Chari￿5 balance sheet, the stsble cash flow from wpl rots. tho ongoing popAarity of tr S¢￿1, 8nd tr￿ avallabl& t)anking f￿A￿Y that be called Up￿ rf negd arises. tlwro Is Th) nggd to ￿lId a free resem at timb. The Direciors re¢(srAse Ihatthg Iwg1 ofrosw¥es flucthths dwlry p8r¥Jts ofinvestrnoTr1 tn thg and the Wrang0n￿nts with our bank are in plJce to wovide an adequate'safety nef slKwld il be wiir•d. Off￿. Tho Dlrecttys retsin the option to¢¢rnthose reserwes in the shrrttwrn lo copilaj eypgnditurn Ihal h85 droady b¢en Ilentified. H•adlngton School Oxlord Llmlt•d G•n•ral Charllth Tn￿t Durlng Ihe year £85.00012021.22: £88,Cth} ol irwmo from Tnt was tr•Xf¢r￿ Irrto th• Sc*wl'$ a￿nI to fund 8chd8r5h¥￿ and Lwrwigs. Grantwmaklng poN¢y The DirecioTS agreed ui 2015 lo c￿￿Inue * rKrease th• wn(Aml mafle avadable kn scholwthp5 aThJ iwTsariBS each yoar. These gr￿ts are used lo allewate hardship wh¢re a pupd's educalion and firture prtspects a￿ cwtsirlered to be at and to provide opptylLmilies fty wpl$ wts) 01heTh￿ V•YJukJ be unajlè to lake advanlage of Ihe educatio￿4 eThvknnm8nt that we Provide (i.e. accesslbllty awards made ur#Jer the ausptts d the Heathrrjon Programmel. 17

HEADINGTON SCHOOL OXFORD UMrrEO ANNUAL REPORT OF THE GOVERNORS (copinNUED} YEAR ENDED 31 JULY 2023 Means-tsst£d grants made to reduce SCI￿1 leos Thi the pa yèar t¢tsllwJ £834.191 (2021.22: £782.043) n)ainty frorn Sundry in¢om¢ from ¢¢mY￿1 letlny, s¢m8 Jdit￿ irKx)mg frDm tho Headirygton S¢hoc4 Ggnoral Chjrllable TrusL Th•8e sums do rM)t inrJde staff fo8 r8mis5fO P•nslons Indudes conlribulions payable to the TPS 01£1.574,15312021-22. £1.440,105) and ¥1 ts year-end £186.1￿ (2021-22- TPS is an unfijnded Mult￿eMp￿y￿ deffin￿ bwfts pensicffi stheTh#J pvemed by The Teachers. Pensions Re9￿￿1)nS 2010 (as amended) a￿1 Tho Tea¢lws' pens￿￿ Ythme R¢gLdalw6 2014 (as amerthdl. Mertiers contrlbuts on a'pay as you go. bas￿ ti)ntrI￿￿(m$ tr¢n membets and Ihe mr)yw beiry I¥￿1&ed to tM Exewuw. Rellremenl artd other pension benefft5 are paJ by publ￿f￿ndS ￿mIed by Parfiam8nt The ernplO￿r oJ)trI￿tson rntg the Srfrthy of Stat8 fonow1￿) 6d￿m￿ v41LwlvTh undgrt¥kgn by the Govornmgnt Ci¢partmenL The rrtht re¢•rrt xbjarial ¥ah￿￿1￿ ofthe rps wa5 wepwod as at 31 Mwch 20￿ lh• Vajualion Report thich TM8S pthlish￿l in Odcbw 21Y23. Folowk¥J th8 M¢Ck)ud ludgomgnL tha rw))edy wqK>sgd that whw t•cm payablg. 01￿1b￿a meml)9rs can select re¢th Ih8m from •llhw ts fofwnd IwJg¢y s(erns for Ihe poriod 1 2015 to 31 March 2022. a¢tuarltrs assumod that membgTs are Ikety b) c1￿￿55P the ￿t provwjes them with the greater benefits. and In preparlng Tho confimd Ihal Ihe ralo the TPS Dukl ir>ease fr¢m 23.6% 10 28.6% from 1 Aprll 2024. Emwoyars aro also rfjqulmd to pay a s¢1￿￿ a1knhI5trath￿ Iw ol 0.08% 9￿￿9 a tot81 ￿lOyer ¢ontribulKm fate of 28.68%. Str￿mIln•d En•ryy and C¥bon R•portlng {SECR> Dlscltywrn (•) Eml$8lonG Summary The SECR dis¢k)sure wr cathn witran Ihe Lknited lQrg4m S¢op8 1. 2 sorne exlent scope 3 emissions, an appropriate intensity motrk. lh8 8nwgy usa of eknKay. gas a￿1 tran¥•ytfi￿ and • onw effi¢lency actions summary dwing ts rok￿1 finan(3al yw. Yetr lo 311t JIAY 2022 3111 J￿Y 2023 c(M)suiWton used lo clat• (k￿) EmisSk￿$ from ofgas (Scwe 1) tCO* Emiss•)ns from Comb￿tion dfuel I￿sport putpxes 1) IC02 4.850.877 3,924,928 718.9 IC020 42.1 40.9 Totsl groga iCth• based on ab(M Intenslly ra￿0 (ICO2thNth d pu￿￿1 1.217 1.032 18

HEADINGTON SCHOOL OXFORD LIIITEO ANNUAL REPORT OF THE GOVERNORS (CONTINUED) YEAR ENDED 31 JULY 2023 SECR M•th¥)dology nol•s Perf¢)d Boundary Iconsolldation apwoach) Alignm&nt wmh finan¢ial rewlng lo￿gu￿ 2022_31•Ju 2023 SECR dkthure has been wepwed in liie rylh HaadIng￿ School's wmal m•J• to 31 July 2023 f&lG Erthsh)ns iewrting arn kn line with tho Greenhou￿ Gas (GHGI Pretocd Cwalè Act￿nIm¥d and Rewting Standwd DTh 2020 lor all erniss¥)ns and Corwetsitin factcrfs EmIssh￿S factor & Con¥er8lon factor Calcuk*lon mth Actsvity Data x Emisswy) Fath= GHG 8mis$h)ns The r•suMs in b)e latAè are expressed In tons C02e ar#1 may nol add

wwly to Ihe thJ8 ts) TouThJir¥J. Othef Infomth ¢)n Cal￿lat￿)n EleCtr￿ty us•Jo estimates for ￿leS where Infcthalion )n Diesel a￿j petrol Wit w85 Ml avalable Irom ￿MPanY mi {6% ILrtal tr￿$1￿1). S￿¥1 was u$irvJ VEH0203 slalistKs Reason for Ihe1rt8nsity m8tr1¢ dK4co Heathrwl Sclwl * gn kndepondont day. wookty fUl￿1M>ard￿ s￿¥￿￿ theTeftye folhxryNJ t￿ re¢tynm¥datiM$ of the I￿SIatIOn the chosen int8nsty MO￿ 15 based on ic02 p8r pupTr. expressing th& Ibl En•rgy Efflcl•n¢y Adlon Swnm•y HBadiW Sthod (xnUnu88 to &hi8ve s•¥wB5 ￿ enwgy and 8880cid carbon emssKw. through g)8T8tioMI and tsc•W￿l0gICaI Improvenwts. ￿￿j￿11￿. the period ¢over¢d by the rer•Jt thè Scthl has cthlrvjed ¥•ith its wwamme lo re ex[￿n9 {m8lnty T5 type Iluorescent tubes) ￿1h energy 8fficiwrt LED lithts'TrJ. as lthe existing kn3ht1￿ fwl5. Th• n)of of lh8 swiTh¥ning poK1 has been reyxed al￿ tr￿UL￿ted.. The bomers in both the swimnmng pool main sthx4 have beon rgplxod with nw. •n•ryy gas boilorn. Ex[￿sed plpewtyk 4rms l•vo tw adjusted to r¢(￿8 onprgy costs., Sonsor contrdl8d119hfjng insldled be￿ I￿¢alled in nthv bthhlings: and The Creativity arKI Innovati￿ Centre HI40) has begn fthd wlth Photo Volblc to gongTats f¢¥ the The resulls for Iho Eneryy Sa¥ing5 Opporttirrity Sclwne (ESOS) Phase 2 bBnchmarklrvJ exwL¥se al Hèadington School slte show￿ that rt 15 perfmlThJ pll agaThl the gas value and pthMvJ well agaw*t tho good electric valw. for a 19

HEADINGTON SCHOOL OXFORD UMrrED ANMUAL REpoKf OF THE GOVERNORS (cofrmNUED) YEAR ENDED 31 JULY 2023 DLrring th￿ r¢portwig P￿0d ts DirBcltys op8nwJ rwtsats￿ vfflth tho Dir8cth of R>• St Ar10￿ Limw ab￿1 the potonllal to mer98 tdh s{4￿15 Ikn lo lJ)ow do8¢ physThl woxknjty. sSmlbar Larl4Jl• vakjos ￿ brood Crl$tlan ethos. Fonvwing oxt•nsNo1ogal and ffin￿[al du• ddlg•nco. tho DIr￿ts$ of schofAs entw￿1 knloa legal agrnomgnt In Septsmber 2023. SubJe¢l 1¢ ftymal 8pproval ty tth tho Dop1m￿t olEd￿tiOn •bJ the Chaty Comm¢ssion. it is plann8d to operate a (JJ•ducati￿•l prwaratory ￿hr￿)I Ihé rjte of th• Rye St ￿mpuS, and a slNJle-sex senlcy school for glrfs only on th8 Headin9ton Schwl sentor C￿ frun S•pt•rth 2024. By both and comblnln9 pupiL%. staff orrfl lad1￿¢$. Ihe Dlre¢tors seek to mtramtso tro knpgcl of pow. s¢¢W and frrAMaal threats. whi15t keepln9 the sct#)ol as atte5s￿le to a$ many Iwniltes as po5$114e ar￿ ￿￿otects￿ tt fuiure of as a tharity. The mepJed school WIM be krKAvn as HeadbvJton Rye Oxford LSmited. M￿e detaits (m the Scf•)ol's pns be low￿ online at In parallel, the Drecto￿ contmw and thg delr¥wy of th? F￿ye¥ Strat•sYc Plan appmved In 2021. entiued 'FLrturn Roady Gwls.. BurkfwvJ strw ￿￿1•n￿ ftXmdat￿ a w•ath d sPOrt¢FVJ and QJ take Ihe CI￿lIe1vj9¥ they may face and lo thr4ve. Wher￿ lrfè lakes them. The ScPKxl'$ website c¢ytsns detafts olwhat a pupl wll be lkn using Ihe six Cs ￿e￿p by Iho time tw I￿ at 11 at 181 hitySJP•Avw.la(wJ￿.ty￿tr￿￿I-￿sl11W•a￿m-and-th￿. Opportunllh• for Do￿10pm•￿¢ 0ddtti¢￿. as port of tho r. Dweclors WHI to: Invest in ts acad￿n￿ C￿￿X￿ lo offer a iyoad ¢xdèr Io ornblt kn bolh th• Prep and r¢$li¢rt￿ In ortler to suwt ￿1Ve rnntsl heath and welbtrirvJ ofall St￿￿nts. D￿ek>p C{K￿nic￿l¥ pathways Sd￿￿1 that gNe sltsdents with a pwtirJJknr interest a ¢le•r dev•lopmw palh develw"n9 transferalmo th18 dwry the￿1￿• wilh ￿. Ttr￿ with an 1ftter￿t in. for example, Leith's Food and Im￿ c￿￿. Eryln88rits3. Cunfflu￿ crf Entrewen•urslMp. would be ablo to s8è a clearly str￿lured pathway Ihat would le•J lo lgadethp oppothiill89 and 8 deeper understsndlng of thalr wea of PA￿ld o(thndiffj in5wry ory￿b￿lIti8s for stsll to oTrh8nce Ihetr c8r•8rs at H88dtro1oTr Ftyg Oxlord. both for those at the s&vt of their a￿1 lor those soekiffj (Ywwj do4￿0nt aNI PGCE support and maxlrnls8 staff lrnovaU¥e and fiJrar&bYnW IthV¥es and tho awar8ngss of the need lo c•rnent oxtslwwJ rdatJnships en9agtr mLYe St￿3¥nts. both al Ho•d￿on Ry Oxlord Grrm the Slxth Fom) Comrnunity programff. IrN05tigate opp¢YbJrths kn oypond tho Sthnlay h£ademies 20

HEADINGTON SCHOOL OXFORD UMITED ANNUAL REPORT OF THE GOVERNORS (CONTINUED) YEAR ENDED 31 JULY2023 RISK MANAGEhlENT Th6 Directrjrs fn raswr￿1bkn for the iyrfotsighl of the iisks f￿1 by ￿ &hool. Detsiled r•)n$Nl•rallons of risk ara d818gatad to the sgnw18adwship of Ihg sd￿￿. Mlgnbfiad. ass•ss8d controls oslllsh8d t￿￿thout Ihe yoar. A fom)al rèvlew of the chariws I￿k managemènt proc6ssès is ur¥J8rtaken on ￿ amual basis. Rtsk Is managed undar tho hoad5ngs of Safeguarflng. MiswnlObAe¢lhs. Oporntic¥)al. AcadgmK. Technkal. GovomanGe. UnEversal factors. & Re9ulaUon, Gtsv6manco. Pwsonngl ar#J Financial. They are assessed kn relation to Ihe liktty damage lo th• finandal * reputation wdlbeing of tho School, as well os to Its knfr3str￿. 41 ￿1h1n the CAintext Oftt￿ strategic oblectives. fvsks assessed kn resP￿t of thfjir ￿tial aTrJ the Sdw>)fs atslity to tc4erats the ImpacL S￿CIalIst extemal adv1￿ b tak￿ on a regulw b8sls lo iift¥m DireGth on k¢y Safrguwdlng Health and S8fety we 8fr8ys slgrwfwbt are85 for rrsk rrwo9errwrt ond they are stèrKling agenda items al all Full CoLKKiI meetir¥Js. Through the rfsk management ￿￿esseS est￿￿hed ftt tt S¢hooi. th• Diredors are satisfigd thattho major risks identified have been adequ•tePy mkngoled n￿$S0ry. ft reccgnised that systems can provlde Prln¢lpal rfsks and unc•rtalrrtl•s The Oir8¢lors ¢(￿k19r￿ pthdp4 risks to bo: • Safeguardry and the Pastoraf ?￿lt￿lre d stthls: • Fee affordability and the potenti KTVCt on ￿rrent and p¥ents of VAT tthg Inw•J on Independent sthcd faas by a fthure LatKwr goYarrYnanL' . The potential loss of ctrwilat4e relief on BuS￿esS Rates.. • The jrnpact of inflatwjn 4Jn suppliers. costs. Parti￿la￿Y gas and ele￿￿ty u)sts; • Mainlalning and inasitYJ ro¢witm•nt in a hyw<Thryotiti¥g onvwonment; • Global instability, rnaking it chalenging to T￿rUit internal￿al boarders: . Recruitsng and rg18lnlrKJ a¢adern￿ and supp(Yt slaff. tho to nal#)n laLK)ur St￿.. . Tho impact of local traffic congestM￿ on pupil and staff rerautment . Ensuring thal stsff a￿ reM￿eTa￿d apwwl¢ty at • timè ol rlsir•J . Increased material and lab￿r costs for CaFilal Fc4ecls: Workin9 wilh the Soniw L￿dershIp T¢am. th• Otrtors monkn Se£￿ ckBdy, trfjth n•lthalty and lo•. in or(ler to read responsivety lo diarwJe5 ￿ market conditioTrs. Likewiso. Dwe¢tots rmnitty Iho ¢¢)ntrol$ and processes adopled by the Sch￿1 lo re¢wrt $18ff and ¢nsure that the hbghest stsndwds are mairtained in all areas. thè risk management prwesses eslabllshgd arnss the Schod, the Dkeclu5 are Sa￿￿d that lh8 mw risks Wyenlif￿d have bgen adequats miligat•d. No formal comptslrts were recelved thls (2021.Tr. ￿). Golng C¢JnceTn dernortstrale that. uThJor a rdnga ol dw11e￿1ft9 oporalb¥J the Schx4 I￿S sufficient cash reserves lo m¢¢t the Schoofs oblvjations as they lall due. Dosth Ihe omeTgiThJ infiatKxwy financial Fessuw operational rebalancln9 ¢aused by th6 margerwilh Rye St Antrx)y, He•yrytr￿ remwts li a I￿AhY find￿1 tx)siion. This financial p)sltion Is further slrorvJlhentd by the oblNty of Ihe Dre￿¥ lo ¢{￿SkIer ojn5dld￿1rtg cperathm onto two sites from three thwld pupil numbafs fall in sth¢q￿nt yes. As a res￿( the D1￿ClOts ¥re ¢onfthnt thal S¢hod remains in o strong financial position, capablè of dea￿n9 wlh any aiklthial str4tggK slM)cks. After the considwation, and a8 a re8uh ol the ado d8tai18d. thè Dlrèctrrt have 8 reasonablè 0Xp￿ti￿ that the ha8 adequatè rnsoUr￿S to ccmtmuo Its octi¥iUesft* the forese8ablg fuiure have trweforn C￿$￿181¢dI1 aFvowI8ts lo prnparn ￿ fingThaal s1atèm￿ts on a goiNJ concern bas18. 21

HEADINGTON SCHOOL OXFORD UMITED ANNUAL REPORT OF THE GOVERNORS (CONTINUED) YEAR ENDED 31 JULY 2023 This Annval RaporL prwared urth th& Chwitios Act 2011 arKI tha 2006. was approved ty tho Goveming Body of Headln9ton Sthool Oxloftj Unknd on 7th De¢ert*w 2023. kn thdrc48dty as corTpany ￿￿￿t015 appro7lng Mr• C OstsrWaTrln Chilr ol Coun¢ll

HEADTh40TON SCHOOL OXFORD LWffiD INDEPEMDEMT AUDITOR'S REpcxrr TO THE MEMBERS OF HEADINGTON SCHOOL OXFORD LIM￿ED Oplnlon and its subsitha1i￿ {tt for lh• ￿ar ¢n￿d 31 2023 the ConsolJaled Statem&nt of Cash Aows and the rted nott$. indthlirwJ o summary of St￿NfiCant acfJ)unting polides. The fm3n¢ial roporbng frnmework that has been Sn thébr preparatkn is appkth and Uniled Kingth)m Atto￿n￿r￿J StaTrtrds. irduding FirwKial Rew1wvJ Stsndard 102 The F￿￿￿¢¥al Repc¥ting Standard applicable in th¥ UK In thè statements: a true falr the sl ol wp's MI of the parenl dwriWle affalrs a$ at 31 July 2L7XJ and ofthe Inco￿ arKI expgrKIth for the Ihen ended". 8asls for oplnlon W8 C￿￿ul￿ad ow a￿￿rt in K£¥ydonce ilh Intenmknl Standards on A￿lI11r￿j (UK) {ISAs {UK)I 8nd appficablo law. &Jr resp￿s1￿1114eS WKler Ihose skndards are fixth•r d8sc11￿ in the Audilorfs reSpo￿bIlitIeS for Ihe audit of the financial slat8monts $8dK)n of rewxt. W• are ind¢p8ndent ol the grcw Sn ac¢ord8nc4 wilh the elhical requlrements Ihal are IBle￿I tt our •tMJit of the finan¢xal statements in the i1n1￿￿ Kingth)m, inthdinp Flnandal Reportirvj C(￿￿Cl$ ElliThl StaTrJard. our other ethical responsljilibes In accorda￿ titi thes8 roquirerwits. We tr￿t lh8 a￿lit evKlenr have obtaThd 15 $ufficloDI and apprrrf>riat• b) p¥ovKl8 a basls for our op￿. Conduslons r¢lallNJ to golng ¢oncwn Based on have p¢rfryrrBd. we how not JentifRd any matwial unc¢rtaints relating to evonls or ¢￿dI11)nS thaL or cdtedNely. may cast swJnÉft¢ant d￿￿1 on th• group's or th8 parent tharitable C￿mpan￿$ *lity to as a ccrttm for a peiicrfj rA at kast M￿th$ frorn when the fnoncral Page Z3

INDEPEMDENT AiIDITOR3 REPORT ro THE MEMBERS OF HEAD￿GrON SCHcX OXFORD UMITED (CONllNUED} compriws th• informalh)n irtluded n lh• •nNal rewL t)ther tl%8n tha finarmial slatstronts and our oudllorfs I•k￿rt opviim ￿ tho finaTrial staloments does not C4)ver the other inforfflath and, ox¢ept to lh• Our r8spJn$lbMty Is io read I￿ otrw aThJ. in dwg so. C<¥￿Ider wh•trr th• oth•r Infomwvon ' matorfalty wtth the ffv)wKial 6tatemonts obtawd in th• oroth•rvAs• appea to ￿ rnaterlalty misslalod. If malorlal Inc4Jnsisl8nd•s ￿ appw8nt matorial mlsstatsm8nts. aro ro(wlred to dotwmkw th•ther thEs gl¥es rlse to a matgrfal mlsslatemgrt kn th& slatsmgnts oth'er urform81Th, wt are rel￿red to rewxt I1￿t t&L ' . We b) rwt kn thls wd. I￿1￿10￿ on (rth•r mallws ty th• Comp•nles Act 2C prfrpar•d lor tho of (￿lp￿Y law. for th• fin¥ml Swf ILY statsmonts arn obtsin$d in th• the 4￿J& ￿ have ￿1 material mi551¥kn￿ $tral•gic rnwt Or Dlrect￿. u1¢1￿￿ed Tilhwi the Tru5tees' rermrt. to rewt to yryJ rf. in Owwiri￿: As eined More fulty in fn• Tru5tees' Re¥rfXwrtJl￿5 Stst•ment. tho TNstees (wtho è ￿50 tho directors of the rwitable ¢xnwny for th8 pu￿0$05 of cornpwry Iwi) rosp(bn91>1o for the pr•paration of the financial Itstoments and for ba￿9 so11sf￿d tr￿1 Ihey a tnje and la￿ v•w. W for such internal control as th• alt￿tabl6 Cry￿an￿$ abthty l) as a cixbxn. d%k>slng. as kablg. mattrs reW to gotng CO￿8M and uslng the goirKJ basis of0￿1n￿O urAo$5 the Tnjstegs dlher Intend to Ihwbjato th• Group Poga 24

HE￿￿6T0￿ SCHOOL OXFORD UMITED INDEPENDENT AVDITOR% REPORT TO THE IAEMBERS OF HEADINGTON SCHOOL OXFORD UMITED ICOIITINUEDI Our obfvctsves are to otilan 88StHm the financial statements as a wthole arg free from material misstatemwL lo fraLJ ( wrc. and to issue an Auditorfs Report thai indudes tyjr opinkn. Re¥gCrtble assurarKe 15 a high level of as5uranr. is r￿1 a warnntee that an authl Mnduct•d in 8cts)rdance wilh IS48 (UK) iM dele¢t a matuHI mtsststement w￿n exlsts. Missts¢ements can arise frfyn fraud or wrur and are Cor￿Idered mthial If. Ind￿u8￿Y or li the aggregate. ccojd reasonably oxpectsd to innuen¢e Ihe ecor￿Mi¢ de¢isNyts ol u50ts taken on basts oftlwe ffin￿al $talem￿ts. Detslb of tho oxlent to tthfiith the •Jdit VAS fjxtshlered ¢apt40 of do1￿ trrewlaiilies, ￿￿u￿19 fraud and notrcompuance laws aTrJ reg￿011(￿Ls ar8 set c¥Jt below. Rewrting Coun¢ls vAb>le at 7vwrnl.fr￿cw9.￿Jawj1lty￿eS￿￿￿Il1[8s. TNS deX￿p1￿ forn￿ part of our A￿10￿5 Report. Irregularibes. 1rd￿j1￿ fraud, e of Faws ar#Y regula1b￿s. W& id•ntified and ¥$8¢$s00 ihe risks ol merial fflisstatem8nt of the fman¢1￿ sLements trom ￿reg￿a{￿eS. vthether due to froud or 8Thor. theso between ￿r 4￿jrt ieam membors..Wo th￿ designed and performed audll ba$ls for our opinion. group operates. fooJ5ing C￿ those laws and reg￿tIonS that have 8 di￿￿ effecl on the dèterTninaon of malerlal amounts and disclosurns in ffinancial $tat¢mMts. The IM WKI rngulat¥Jn$ wo ¢onsJer•d in this contgx¢ were the Ad 2(M)6. 18xation legi518tiM and Èmpwn¢n¢ ￿￿titin. toge1￿ with th& Charities SORP (FRS 102). We assessed ￿ required wilh lhasa and wuhllons as p8rt d our 8 procethre$ on the related finar¥i￿ statenw iten. In addl&)n, wo Ccmmlered of l•ws rryul9lw￿ that th nol have ¥ dirn¢t thcl on th8 financial State￿nts Imrt conwlanc• mlght bo fvThIgrnentsl to Iho charitable o)mponYs and group's atility to c4)8rats or to a¥LMd a mat￿￿ FnaMy. We also Consi￿ thg OPPL)rtunilles W)rnt1v￿ that may ￿￿$1 wllhln the ch￿11￿ ￿n￿anY the grwp for fr8ud. Tho Law5 and regulations w• conskl8rad in thbs Auditing slandards linll Iho requlreil aKlil w¢KodLWaS io identify nonWcoThykan￿ ryih Ih8$9 * and regulallons lo enquire Of th• Twstees ar￿ other manageTh￿l and inspe¢bM of rewbtory and le9al corTespornlence, rf any. We Identified the great¢sl risk of mater￿1 inpxt on tho fina￿￿al statements from irwularllies. induding fraud. lo be Ihe appro1￿ and pr(￿eSsI￿ CA fee CO￿￿$￿$ ¥J 18c(wnts. and the ovenide of ￿ntrOl8 by man•JomenL Our audit procedures to reSp￿d to these rsks kn￿ded enq￿rIeS ol management and the Finèn¢8 arKI PU￿￿$8$ Committeo abwt Klentification and ￿esSMen1 of th8 risks of Irregularflles, sample 18sling on Ihè ptsling tsf J(M￿nall dewirvJ audit over f•• tsJrtas8hy and dlscounts. acttjunting estimates for blaso$. re9￿￿tOry cotre3p)nd8rKe Y41th tha Charfty Commisslon. Inendent S¢ho(4s Inspec￿1￿. CKst8d. arml reading minu*S of meeDng8 oftlk)g8 charged vhth Pap 25

HE￿NGTON SCHOOL OXFORD UMIYED INDEPENDENT AUDITOR'S REPORT TO THE IIEMBERS OF HEADINGTON SCHOOL OXFORD LlhllTED ICONTINVED) to inhorwl kmilatKffls ol ￿ a￿￿1. 15 an wTra¥o#Jth risk ttwt TWO may Th)t ha% a￿eCted SLMne material misstatements in ts financial statements. e¥en though w8 have propedy planned and performed our audil in accofdance wtth audibNJ staThJards. For exampkn. ths Ivrthèr ramovad Tr)n-CL)mpJrJnc8 wth laws and fegulations lirregulariligs) rs fr¢Kn Ihe 8vents and transactions refftecled in the f￿anCIal slatsm8nts. the less likgly t￿ inherenuy limited procedures f8qJYed by authiing slandard5 would K$8nlify L In add￿on. as any audit, there remained a highar risk of of irr8gularilies. as may involve c￿USion.1org8ry. Intentional mIss￿ns. misr8prosèntati0￿. ty tha of intsmal contrth. Wa not responslh lor proyonling noncomplia￿ and cannol be expeded lo dele¢t ￿r￿co￿lia￿ wilh ￿ la￿ ar#Y regLlation& Us• of our r•wi This'rewt is fflade sd8ty to ts chaiilaY• c4xnpanYs ffleM￿. as a body. in occothrttith Chapler 3 of Part 16 of the Companies Act 2006. Our audit w)rk has t)e￿ undertskgn so lhal v* mlohl slatg to th& clwitablo componrfs members those m8ttws are reqUi￿d to Slats to Ihem in Jn Audrtorfs R¥port for no olher purm. To the fullest exlent p￿Itted by law. we do accept or res￿)nSibIlity lo ansfjne olher than have form8d. Gvy Blggln (sw￿1 StAtuloryAudlor) and (m behaN ol Crowe U.K. LLP Slatutory Auditof F￿rth FI￿r St James House Sl James. Square Ch8ltenham GLSO 3PR Oats: 19 December 20rJ Pag9 26

frEADI4GTON SCHOOL OXFORD uMffED CoNSOL￿ATED STATEMENT OF HNANCIAL ACTMTIES ONCORPORATING INCOME AMD EXPENorruRE ACCOUNT) FOR ThE YEAJI ENDED 31 JULY 2023 Tot•1 funth 2023 fimds 2022 2023 Donaknns and lega charIts￿8 activ6t 175 21140.676 279306 28SJ81 23.140.676 435.665 76.422 350,773 595.59T 22,070,6T4 462,240 27,5TO 429.529 knveslm8nts 8.on 350,713 Total Income 217283 24.288.917 23,585.610 Eyndltyr• on: Rawng funds". Hgadington Sch￿1 SeThry(￿ Lld Hgadington SI￿7 Intemaii(ml Ltd 1183 156,183 1.259 198.rn 253.193 21.936.955 68,077 206,310 196,987 128,324 20.063.988 191.779 251.180 27,621 1013 109,327 Tolal •xp•ndlluw• 435.029 22.546.369 20,663,686 Invo$lm•nts IM605 (6.9171 175.943 1.741548 (11,14¥ 2.921.924 (37.299) 171.715 1.731.403 1254 2.884.625 Taxa¥on 13 12 N•1 Incom• aft•r lax•ffjon T￿SlerS between fw 1J59A33 1K979 171.715 (1K,979) 1.n1.148 2.884.625 N•t mov•ment In lunds 1.75Q412 125264) 1.n1.141 2,884.625 Pag• 27

CONSOUDATED STATEIAENT OF FWANM ACTMTIES (NCORPORAnNG INCOh1E AND EXPENDITURE ACCOUNT) (CONTINUED) FOR THE YE￿1 ENDED 31 JULY 2023 T¢￿1 lund$ Tolal furtds 2022 funds X123 2023 Rècon¢MlalloTh olfunds: Total fuTras bmught forward 30,94Q1 1.74412 7,892 31J¥D61 1.n1.148 28.449.436 2,884.625 31702.581 361628 33.065209 31.334.061 brought foThrdrd caff*d fonvwd fiwx15 for thg rAxrent and wevi¢yJs years ￿1￿18 £1.151 of Pago 28

HEXIINGTON SCHOOL OXFORD UMITED REGISTERED NUIABER: t￿41076 AS AT 31 JULY 2023 2022 Flx•d as¥•ts TaryJknle ass•ts 14 16 15 41241185 739.286 900,000 36,488,525 755,756 41881871 37.244.281 Curr•nt Slocks 0obtorB Cash at bank aThJ vi ha￿1 17 782 15.3TO 1.050.885 1.731.719 18 664940 1,65Q124 2.797.974 Creditors: amounts wilhin on• 19 1W.386) (4,588,M) N•t ¢urr•nl114bllltles 13.811362) {1.790,232J Totsl 4sJ•ts lJs curr•nt hbiliues 39,070,209 Creditots: amounts fal￿¥ due after ffKwe than cme )ar IC0O5.000) (4.119.988) Total n•1 •ss•ts 33.065.209 31.334.061 Charty ￿Trds Restrthd funds 387.892 Unre5trktsd Iw Sharn co￿￿1 31701,43Q 1.151 30.945,018 1.151 Total lunds 33,065.209 31.334,061 The Twstees athowkdge they respo￿[bI[rt￿ *ilh th• wequiremwts d the Act wlh regpect lo The financial stalemonts were apwryed w¥J aulh(xW tr15sue Tnjsteos •¥J slgnod ￿ Ihgk behawty. C Osler TJVarrln•T D8te: ¢n pages 32 to 29

HEADINGTON SCHOOL OXFORD LIIIITED REGISTERED NUMBEIL. •)0141076 SCHOOL BALAPICE SHEET AS AT 31 JULY 2023 2022 Tangknle ass4ts Invesbngnts 14 16 15 41242,18S 739 900,000 34484525 75&761 4U81h76 37.244.286 17 14.565 957,854 1.638.852 Dèbtors 18 835248 611 1861106 2.611.271 Crethtots: on￿nts due TAthin 19 15J•wn 14S37.645) Ikt ¢4wr•nt Il•blllll•s (192U91) (1,926.374J Totsl as¥•ts IMS ¢umint1obf41•¥ 3BJ57485 3431T,912 Cre(titots: anKxmts tsuing due after n than one yyar (I00SmD) (4,119.988J T•tsl n•t •ss•ts 32.95148S 31.197.924 Charfty Iurbd• 23 1.151 641807 3I306,n7 1. 151 387.892 30.808,881 Unrestri¢thl furKIs 32.951485 31. 197,924 The Sdthf$ not knls for tho £1.754.561 (2022. £a74&798). a¢%ounthig •TrJ preparalion ol finarthl sthments. Th8 finandal statements weT8 aFFoved and Mrn C 08t•¢ Warrfner Pag8 30

CONSQLfJATED STATEIIENf OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2023 2023 2022 25 4.OW38 3.84&972 Dfvldonds and Interest from Investments 76.422 27.570 Purchase of laryible fixed assets IC159.675) (1.419.915) 1900,000 (284.388) N•t cash us•d In Inves¢lng •¢tl¥iU 1&983253> (1,670,133) Ca•h flo￿ from fln•ncry aclivili 1500.00(+ 1500,1)00) (￿0.000) 1147.764) (130.870) N•t ¢a$h provld•d byl(us•d ln) Ilrbanckng a¢tlvl 1,852,236 {1,030m) Ch•ng• In cash and ¢a8h aqthl•nts In th• y•w Cash and rash gt the b•yrK*w d th• I1￿5.779) 1.144969 1.731.719 586.750 C•8h and Gash •quhalents at end of th¢ 6￿$40 1.731.119 Pag• 31

FOR THE YEAR ENDED 31 JULY 2023 Wales l¢lwity number. 3W781 was as a wr¥ate cornpany limitod by Ic¢mpany number. (￿)1410761. Tho addross of its rnglwod offico is Road. Headingion, Oxlord. OX3 OBL A¢¢wThllng pollcl•s ¢￿￿n{Ing and by Chwili95: Sta￿￿rt of ReL¥Jn¥noTrdod Practi¢0 appTh¢ablp to d￿rIllaS proparing &w)unts in aCrxYd￿ with Ihe F￿al￿1 Rwting standa￿ applicable In th8 UK and Ropubuo rf Ir•land (FRS 1W2) 1offo¢llve 1 Jorw 20191. the FlrwK4al Rewung StaTrJard apF4l¢ablo In th• LIK RetAth ol IrglarKI {FRS 102) aNI tho C<￿p￿t•S Act 2006. HeadiTr3kn Schod Lhfr¥d LIMI￿ meets Ihe definrfim ol a publ￿ benefft entity Lmder FRS 102. The C￿￿dId#t¢d Slalemtyit af Fin•xyal A¢Mts (SOFA) and Corwlthled Balynce She•t cuwIKl8t8 lh6 fmncial 81atements of the S¢hoc4 MI sub8id¥9ry urthrt8king. Th¢ results of the sthidk?ry am rThY￿lda￿ on a basis. Tha S¢hrKA Iw lkn •Jvarrtago oltho exwiwtlon avallatrA8 to a qualfy•vJ ￿tity In FRS 102 from 21M)6 arKI ha5 rd tx•s¢nted its Slat&wrt of Fh¥r#ial A¢lr4itm in these firArn>al slaternents. se￿ has cash to meet the SdKd'$ a5 Ilw f811 d￿. De5pIts thè omergng inllaltrjnary wossures aThl optraional rebakniKJ caused by th8 mèrger vAth Rjp strerothened by the ab￿ of ts DlraL#or8 to 0￿30[kI811￿j oporollcffis ￿t0 4¢es from S￿1￿ rwmbws tsl >*ar5. 8 reS￿L Dirs¢iors wo rXNifid￿t that the sch¢￿ rem￿n$ in a Str￿ ffinaM781 cap8tle ol any aljth1￿￿ stralegic stK)cks. Pay 32

HEAD￿GTON SCHOOL OXFORD UlmTED NOTES TO THE FINANCIAL STATE&ENTS FOR THE YEAR ENDED 31 JULY 2023 ¢(￿ntIng polkl•B (¢onlknu•d) 13 In¢•m• the Sthool, Midude ¢Th￿IbUtIOnS rec¥￿ from RestritAed Funds for schola￿bIps and Bursaries. Wh8re f88S 8r8 pd in advar￿. th• is deforrod unlil the iemi to whl¢h it reknle8. Thesè deleThed aM￿rtS are shon ¢)n tr 84•Ke sheel Tithin fmlittys: amounts fallirKJ ilhin one t)Onal￿$. legaci8s and other I￿75 of t10￿n￿ a￿￿nted for a$ orrfl entittom￿l aiises. the amount be retiabty sts of Red￿￿ancY ond tsmilnabcffj costs. rytyoclwr absoThJtety n8css#ry an(1 gccount•d for on an acuuals basis when ccrfnnkknnt to tgmiinale a post on th8 grounds of r8duTrj￿cY h•s ton 2.5 Twtlon Th• ts • r￿￿stern￿ cwly. as Y& to lax exempt￿5 on •ll Its inc47me and 2.6 T￿lb￿ fix•d as#•ts *fid d•wclat T•¥JltA8 assois are thlod * c4a 18ss d8prodth. 118ms a c05t b•knw £5.000 are not Page 33

IIOTES TO THE FINANCIAL STATEMEPnS FOR THE YEAR EPIDED 31 JULY 2023 2A T•glble fix•d a8•4ts •nd dIP￿1￿ (￿l￿1￿￿O￿l 4wuisibon at rates esfrmaw lo ¥Kit• off thew loss resldual bosed iffi ¢urrorrt mark81 prThs, ovw thelr expeded I￿￿. The rate5 used kn eslinate Ihese thves èr•: Frnehold bJldtr4 ¢1￿ Sch(d¥ usel teralions to prop -S%&10% .25% 2.7 Imitstmtrnts losses arisirwJ on the revakmlion of tnveslm8nts are iTht8d or tharg8d to the Statement ol Financi81 Ilvities are app￿￿￿ fund a(£ordiThJ trj th8 'ownwship" of the und￿1 aswts. in Ihe ￿aT of tho gllhJss). 2J 8lock• 1101)r 111 Cash al barft •nd In hand Cash at bank aThJ in hand Is rqwBS￿knJ bywh kn haThl •KI ¥lth finarKaal Ins¥￿1￿￿. Pago 34

NOTES TO THE FI11￿4c1AL STATEMENTS FOR THE YER ENDED 31 JULY 2023 2.12 Ro¢ognlllon •1 li4blMI•s thè 0￿8{10n. 2.13 FwwKl¥l Inslrum•rts anv)rf18ed cosl ith thè excptr￿ of inslmèrts aTO hold at lar ¥alu•. Flnandal assgts hald at amortised cost comwtse al bank harnl, lopthw tradg ond other dobtors. A Sp￿fiC lslon is mado lor debts for vthlth rel¥￿r￿lIty is in d￿bt. Cash al bank and In hand Is defingd as au cash held in ￿Stant a￿S bank a¢c)unts and used as workir¥J eapital. Assets and liabilities Id Di for4￿ currw tyanslaw to GBP at the balan1￿ sheet date al an appropriats year gnd 2.14 OpernthN l•aMs Rentsls uThJer Iwratwy l&wes we dwged on a straNJht4ne basis over the lease te￿, even rf tho payTh8nts ar8 not made cm such a b8si5. Bgnths rxeivod 3r￿ rnc4ivabl• a$ ￿ Inwitpm to sign an op8ralYYd lea￿ 8r8 sirrAlwty sprthj ￿ a stsihtthe ba￿ ovw lease term. 2.15 P•nslons Ttachlng •iY conIrl￿trOnS to a 'money wrchase. s¢trthie support stsff. As it 1$ not posslbk to separatety hI8￿fy the assets and ￿l￿tIeS of the Teachers. penSK￿ Sd￿ne. li is accounted for as If11 wr¢ a defmed contritrxrtion scheme LThler FRS 11r2. The s¢1￿$. contribulK%￿ ¢0 th• ￿hOMeS we charged Ihe fIn8￿￿ statemwts as thtyacuue. For fiKlher Inf0m￿t￿ see note 29. 2.16 accourthg 2.17 Jolnt wnturn The SclM)ol has a ￿ share in a en*. Headiryton and MCS Bu5 Partnerslop Umlod. The recogn1￿ its Interest in the bnl venkne using the equlty method. FLYthpr jnftffmatson Is w0￿ded in rv)19 31. Pago 35

NOTES TO THE FINANC￿ STATEMEwrs FOR THE YEAR ENDED 31 JULY 2023 In the applcalv)n d the ae4JXmtiry GovwNx5 we requirnd to make ILKJeM￿1, &slknalo8. and assump1Kir￿ atrAMrt the (xryry of assets ￿ I1￿beS Ihal ar• rnt readity apparent from other Us•fvl •¢onomlc Ilv•s olttyllJl• ass•ts econorntc Ilves 8Th1 rosKIug1 v81ues of tr assets. Tr aconomi¢ lives and T￿181 values ar• asset5. See note 14 for fv canJw¥J ￿(￿￿1 tarylblg assets oThJ noie 16 x ts useful IIv8s for lThpalmwTht ofd•btorn d•btors and hlstrtol oxpt•n¢¢. S¢• note 18 frx lh• not ¢8￿n9 amount of debtors. Income from donaoons •nd grn*s Total funds 2023 funds 2023 funds 2022 6.175 279 285,311 595.597 Totsl 2022 160.495 435,102 595.597 Page 36

IIOTES TO THE F•4ANCWL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 2022 23.117.n4 21,942591 11.307.614) (1, 194182J F••s l••s dl8COWbts 21MI0.120 20,747,409 87AOO 108.488 21,897,520 20.855,897 2023 2022 1,033,5 991.451 19.097 108,284 62.500 33.445 Insuv4n¢• conmissi(¥ RegtstralK¥n fees Aft8r Sthool carn 97.668 66,$58 43.Jn 1.243.156 1,214,ll7 Unrestrl¢tsd funds 2023 Total 2022 212.032 206.180 44,028 27.040 435.665 435.665 462.240 T(ts12￿2 462.240 462.240 Page 37

NOTES TO THE FIMANCWL STATEMENTS FOR ThE YE*A ENDED 31 JULY 2023 funds funds fvnds 2022 13.165 55.1 8.071 21236 54186 16.125 11,445 8AITI 27,570 Tolal 2022 19.5Ql 27.570 funds Tolal 2022 11.792.666 3.965,7(KI 3.S66,740 2.253.666 21￿7 11.•1{$93 10,703.333 3J6171)0 3,844.155 3,516,740 2.849.001 2253M6 2.472.599 108.488 86.412 Wglfare o)sts Support costs 87.4C 248,856 248,856 21.827.628 109.327 21.936.955 20.063.988 Totsl 2022 19.936.999 126.989 20.063.988 Page 38

SCHOOL OXFORD UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDa) 31 JULY 2023 Sumrn￿ by exp•nthlure lyp• Total 2023 2023 2023 2022 Teathing Wdfare costs 10.518.548 1519.6 453.687 1.602.41 29&394 1.lyJ).651 11,814593 IQ703.3&3 1,446.001 3.964700 a844, 155 2.138,644 3.566.740 2,849,LWI 627.839 1251666 2.4TZ599 87.4fy) 87AOD 108.488 248,856 248156 86,412 974.409 333 Supporl costs Granls. Ixlzes ￿¥d$ GthmanrA costs 15.094.428 1293.136 5.549.391 21836,955 20.063.988 T(812022 14.060.403 1.220.532 4.7&3.053 20.063.988 ExpÈfiditwè ￿ fUndwV￿ tr•Jry was also li relalion to staff Ca)sts of £232,312 120tr. É346.744) WKI othef costs of £377.11r2 (2022: £251954). 2022 Fws payablg io the SctKxA's authi rflhe annual 28.590 24,8TO Taxati￿ C$￿p113￿ sep All rtTraLwJit sep•KYs not induded alxNe 1.07S Pap 39

NOTES TO ThE FINM4CIAL STATEUEMTS FOR THE YEAR ENDED 31 JULY 2023 11. Gr￿￿ 2tr22 2022 Wag•s aNI $010 Aal seuty costs 11109347 11.41a023 IIO51WS 11.263.201 1.304,626 1.219.155 1AM278 1.199,302 1.912.167 1.769.969 1,909.150 1.755,401 14326.740 14.407.14T 15,26(1.783 14.217.904 Gr•up Gffjup 2022 No. TeacthTrro sts Olher dired stsff Vlsitlffj teathern 150 144 98 othor 15 12 371 £60.CW was: Group Group 2022 In band £60.(X11- £70.W) In Ihe band £70.C(11-£80.OCK) In the £80.CX)1- £￿1.(￿￿} In the band £￿¥,[￿*1-£I(￿>.( In th? band E1fy).c￿jI- £110.0 In Ihfr band £120.￿l- £130.000 h thg barrfl £140,￿l- £19).1 Jn Ihe band £260,LKII . £270.(MXI AggreW• renXm￿ti￿ berth of th• 6 (2￿..6) kay mwwmant pa￿r￿ totslad £1.trf2.801 16 P8ge 40

NOTES TO THE HPIWICIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 12. I￿ring the yew ended 31 J(ty 2ff23. expenses ll258 ¥we rettnbu￿ed Qr p•d thecty to 6 13. Taxallon 2023 2022 C•rporntlon tsx •t the standard rate fA c(ffporath￿ lax in the iJK of (2022. 19%). Pag8 41

FOR THE YEAR ENDED 31 JULY 2023 14. v•hl¢l•s. uDd•r Total Cost orvaluatlon At 1 Aigu5t 2022 45,700A75 4452￿36 182A92 $1.036.303 63.684 639.308 &456.683 6.159.675 11643501 P4W3) (s13￿03) 1•3259 tXsposaL8 1103.259) At 31 2023 4S702A68 4743.791 6235J16 SQ681175 At 1 Au9USt 2022 ch￿ ftir tho 10.701.469 IB46.309 897.944 395.196 151471) PMN531 14.547,778 1293,136 14fj0.9241 At 31 July 2tr23 11.546.938 3m052 14439.990 Net book v•lue At 31 2023 34,165J30 150,n9 S235￿16 41341185 At 31 J(ty 2022 34.999.406 6iK8.627 882.492 36.488.525 P•Jg 42

HEAD￿GTON SCHOOL OXFORD UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 14. Tanglbl• lJx•d amets Icontlnwd) IAolor v•hkl Fre•hold fixtur•s & und•r Cost orvalu•tlon AI 1 A(VLssI 2022 44700M7S 4451J93 •81492 51.0x960 639.308 5AS6.685 6.159,67S 1165.350) 134W) 15110(13) 1033 1103.259) A131 W2023 702J68 4741448 6235.916 56.680.832 O•prnclatlon Al 1 A￿U$l 2022 ch￿ fortho > On ijsptisals 10.701.1ffj 1•44986 897JlO 3941 151471) 1341.453) 14546.435 1,293.136 (400,924) A 31 Juty 2023 11.546J38 U91.709 15,438.847 Net book v•lu• At 31 Juty 2tr23 34.15SJ30 850.731 6.235.916 41242.185 At31 Juty2022 6￿621 882.492 36,488,525 Pty& 43

HE•£IIIIGTON SCHOOL OXFORD UMITEO NOTES TO The FWIANCIAL STATEIIEiirs FOR TrE YE￿ ENDED 31 JULY 2023 Group and School Fr••hokl propolty .Va￿alI0n 900,1100 AI 31 W 2023 Lljted Cosl Qf valu•tl¢Mb At 1 Awt 2022 755.7J6 {16A70 At 31 Juty 2023 n9.286 book valu? Al 31 Juty 2023 At 31 J￿Y 2022 755.756 mana￿ fo88 of£5.32512￿tt. £4X8) T*Wg dgduthj cash ￿ratsd In porfhlio. Page 44

NOTES TO THE FIIIANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 21)23 In b51dlary Tot•1 Cost or ¥aluatlon At 1 A￿ust 2022 755,756 116,470) 755.761 116,470) At 31 ￿Y2023 739291 P4•t book valu• At 31 ￿ly1}23 n9.286 7392•1 At 31 j￿￿￿)22 755.156 755,761 Class ol Moldlng $h•rns Includ￿ In consolldatlon 1(1)% Yes 11YJ% Yes He8dIng￿ sc1x￿A Inlemalional Limknd Thè 11Th of Ser¥KS Lknl￿j (rtythed coryany numbor 02677494). Tho reg4stored address ¢1 Heathrtyn S¢trthl Sef¥k6s Llrrthj Is sm as th? Sthool's. He•Jlngton SeThIc￿ Lwnited we¢kniinanlty prnvklos sFYxts faulitse5 to Ihe School. It covenants its laxoble The Scknj m 11YYA ol He8dirW SdK￿l Limiled Iregislered cunpany number 11386971). Tr rggithd •titress d He•5W Sd¥x4 Intematio￿ Umbto(1 1$ ts same a¥ the Sthth)rs. Page 45

NOTES TO ThE FINANCIAL STATEIAENTS FOR THE YEAR ENDED 31 JULY 21)23 )m• Expondltsm pr0lltrf￿s1 N•t ass•ts I Surplusl l(IlabllttSe8) (D•fidtl for th• y••r 161.183 114,372 {1.643) Group 2023 School 2023 2022 2022 15.370 14974 14.565 Gvoup S¢h• 2023 Scho 2022 Trade debttys 7¥975 427.902 587.617 37,704 426,243 114,032 20.741 396.838 20.741 J2.242 1949 19S408 957.854 T￿d8 dgbtrxs ￿ slthl aft8rwwtsK￿ for brprrn￿ of£104.72012WIt £6.5971. Pap 46

NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 JULY 2023 19. Crnthlovs: Amounts lal¥ng du• wlthln on• Group 2•23 School 2023 2022 2022 Bwk lo*)s 5W.000 51X),LW SOO.000 955.767 69T.587 955.767 559,641 2M917 526,325 500,(KIO 697,587 287.801 Trade creditors 318.004 337.171 315,Q12 337.171 190.n6 236,188 190,786 236,188 1.307.633 832,438 1.262.227 782.993 1.634555 1,695,905 1.635.555 1,695.905 Ac¢ruals 467.386 4.588.206 5.386.097 4.537,645 fevolving ¢Je(fit faclty Ihe £5m lo￿. The ue(St f￿>￿ty available until 2028 and the loan15 to bo fully repatd by FetXU￿y203l. Group 2023 Scho 2022 2022 2023 8ank10ons Oepogts held OD&OOO 4.LK)5.(NXJ 400SMIO 4,IX)5,( 114,988 114,988 0￿000 4. 119.988 6.00S.QOO 4.119.988 Group Gffjup S¢hool School 2022 2023 2022 B8nk to 500.000 ￿,(￿)0 500.000 500,OOQ Bank lo￿& 1AOS.ODD 1.905.thXI 1.SO4000 1.905,000 Bank108n5 4000.•DO I.6￿.(￿ 4,IJOO,IJOO 1.600.000 Pagfr 47

NOTES TO THE FINANCIAL STATEIIENTS FOR TrE YEAR ENDED 31 JULY 2023 Growp School 2023 Scho 2022 Tr2 Fln•hcl•l thwh Income a￿• 8xper#filurg 739206 T￿756 n9.280 T54756 Sh•r• ￿p1￿1 2022 lott•d. ¢•l•d up •nd pald 1.151 oT￿nary shar85 of £1 ea 1. 151 Tho sharns h8ve no light to divid￿ or to th• suryAus w. ClYres￿￿uty a I•￿)ndIa￿ of P8ga 48

NOTES TO THE FINANCIAL STATEMEiirs FOR THE YEAR ENDED 31 JULY 2023 23. St•t•m•nt of fund Bal•ttc• at 1 Transf•rs Galnsl Bal•nc• at ust 2022 In¢om• Ewndltyr• (Loss•s) 31 July 2023 funds He&ng 30.808m1 21867,350 Pi277¥71 I96￿7$ 16J1n 4588.7116 136367 401625 (430,524) 114J68 H•adlng Inlemalth81 11 J14) Consolkjatlon a4ustmonts 12743411 27(341 1,151 30￿,169 24,001,634 122M352•4 196,979 (6.91n 32.702.SB1 funds Charl&)le Tr￿1 Sc*olatship izes {8SOOO 14412 302. 35,804 9.487 (4228) 303M06 34131 4522 11350 6.153 Rth•ing (1&000) 4051 14189) Cr&￿1¥ty Drama Boathouse 15 15 117,n6 1117,736) (50.000) 1.580 Hthidlng Parents 116.6661 113.643) 387m 287.283 {111.34•1 1196.979) 362.628 Total ￿ hmd$ 31,334.061 24281917 122.yQ6241 111,145) 33.065309 Page 49

NOTES TO ThE F￿lANCIAL SYATEMENTS FOR THE YEAR ENDED 31 JULY 2023 21 Stalem•nt olfunds £1.151 of share caimlal. Ch•rll•trA• Twst TNS represents fvnd$ from Mrss Celm kla￿h.S b8¢west to pr￿Je Kolarships for students of Hoadln9ton SdKrf)l Oxf(wd Limlt&l. DJrir¥J tho i•ar. Ho•llngtyi SrJM)ol Oxford Lkntled General Charltabb Trust, of Dt'roctrws • T￿t￿. mode dorotsjns to thg Schrd of £85.00012022'. S¢holarnhlp R¥)wlng acb¥ities. Phologr¥hy Th• Dr•m• Furbd Bohou$• r￿￿r￿j dth. H•adlngton PAr•nts Awelall¢)rt This represorts funds ￿￿￿ted to supptyt ttatre u1ix0¥￿ at tr* sry1 8dKid and for 088lgn aNI Ewlneerfwj w￿kIl￿9 at the SenK>r Sd￿￿1. unr8stsi¢ted I￿1￿ th0$0 amtymts b8ing r4MtsI items. Pag8 50

NOTES TO THE FI11￿1¢￿ STATEMENTS FOR ThE YEAR EMDED 31 JULY 2023 Stsl•m•nt of Iwds (¢oThllnwd) 1A Galn 8818nce at Inctwng wVfoulJ (Lossas) 31 July 2022 2021 Unr•strlctad fvnds 28,CrfJS.rf41 21729.227 I20.2￿188) 268.0 (23.919) 30,&V881 Heathnglon Sctr)I S•rvi¢o$ Umited (2.688J 212.0>2 (n077J 136,261 HeadlnglThi Intwnat*y￿I miled 2￿.180 (206.31OJ (130) adwstrnents Share capilal (5.LWJ 1. 151 1. 151 2&094. 154 2114Z439 (20.534.555) 268.050 f23.919) 30.946,169 Pa90 51

14OTES TO THE FINAPICIAL STAT&lA￿s FOR THE YEAR ENDEO 31 JULY 2023 St•t•m•nt of (conun funds Ch•rttabb Tr￿t S(Marshl> (88.(WJ (21￿) (530J 28.920 (13.Ml) 2.559 37.834 4.522 (1.6L Leath 4.522 6.250 7.291 428 158 250 10.243 1119 16.071) (1.& Drama 158 216.450 r216.450) (￿,(￿) Fl¢8thgton Pwents (10.0 Mi5 EveThng retrea( ts (3￿) 354282 443,171 (129.131) (268.05CIJ (11380) 38T,892 Total of funds 2a449.436 2458&610 (20,661686J (37.299J 31.334,061 lunds 2023 Tangkn￿ fax￿1 a5s¢ts 41242.185 458.407 41342.185 n9.286 91>0.000 1.654124 14467.3 (6,004IXIO) 2￿.879 Investment prwty Current assets 1.S74.375 (5.467.386) 16.005.(MM)} 81.749 TOL 32,702.581 .628 33.065,209 Pag8 52

NOTES TO THE FINANC￿L STATEMENTS FOR THE YEAR EMDED 31 JULY 2023 24. An•lysl# ol n•t 8sg•1• b•tw•en fund• I¢orbtlnwl> AThaly61s Of n•1 •ss•ts b•lw••n funth. prlor y•v Tol81 funds 2022 fvnds 2022 funds 2ff22 36,488.525 468,538 2.697.3LX> (4.588,206) (4. 119,988) 36.488,525 755.756 2,797,974 (4,588,206) (4,119,988) 287,218 I￿.674 Curmt assets Creditors iJè Th4thkn Creditors due in rnore than one sar Tolal 30.946.169 387.892 31.334,061 broup 2022 2023 Nal Income Iho yw (as perStaknn•rt d Finwial Ad1¥411￿) 1.n1.148 2,884,625 Depreciabon chapjes Gans cffi InveS1￿ts 1394136 1Q470 176.4221 112.ln fl.412) 83,483 764.192 147,764 1.220,532 37.299 (27.57QJ (6,600J 1.713 (272.248) (122.649J 130,870 LO$￿(prOfit> on the sale of fLK8d assots . (Incr8aseydowse in stocks Decreasel{wve8sel In doblors IrKre8sel{deuea8e) in (¥•JilNs FknancMYJ costs 4.065238 1845,972 Pogo $3

NOTES TO THE FIIIANCW STATEMÈNTS FOR THE YEAR ENDED 31 JULY 2023 Group Gmup 2022 Cash at ba￿ In 1.731.719 Tolal aThl •qulv•l•rt• 1.731.719 AnaW$ of chang•s In n•1 d•bt A11 ¢ash At 31 JUSY 2023 1.n1.719 11mS.77•1 soo.000 {4m5mD) KS00.IJO•) 664940 15110.000) 151JO.0110 500.000 110040 Debt dua iltNn 1 Debt due alkn I ￿r 12.m2811 (3.064779) {5,839.060) Group 2023 Group 2022 A¢wisibon oftangth fixed assets 237.168 5,SCV.I￿) P•￿10Th c¢xnmltsrnnts Th¢ Schcd participates in the read￿rn. Pens￿ SO￿￿￿ nho TPSJ fcrf rts stsff. Tho pensr tharge for the year indLxles ccffltrtArtKm payth to the TPS 01£1.574.153 P022: £1.440.1051 and at the £1fj6.1￿ (2022: £169.846)was •crA￿l n (wlgfaofu)ntth￿ th15 K*mo. Ponsions Regufations 2010 (as •n8Tr18dl arh The Teachws. Pons#M SCI￿ne R•aulakn 2014 {as amondod>. MembgTS on a ￿Y as ￿ ￿. wilh C¥ntrib￿rOnS from mwnb•rs and the pitrited by ParfSamonL the Goverrnwnt Acluarl$ DepwbMIt. The recent arkngr41 valuakn of tho TPS w•s PTOP8r8d as 01 Page $4

IIOTES TO THE FIIIANCIIL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 P•n8lon ¢omrnllments l¢ry)tlnuodl F￿￿￿1r￿J tr￿ McCl¢yJd iud9WTrt the reThdy propcsed that WI￿1 bengfits beco￿￿ payable, eligibl rnembers can sd¢¢l to recer them from •thw the refomd ty ￿gaCY sthem&s for thg pemd 1 ￿.1 2015 to 31 March 2022. The knies assumed ihat member5 are likely to dwse the optk)n that provldes thern ¥&ilh the ￿ b￿￿ffts. arKI in wepariNJ the 2020 vthaiwi have valued the 'greater vgk' berth for grtwps of rel6varti Tho ￿uatt￿ 0)nfiM￿ that c¥ntsO￿tsoft raio lor tho TPS w0￿d I￿reasO from 23.6% to 28.6% frcn 1 ￿1 2W24. Emtw wo also (•yed ) pay a $d￿m9 a¢trthIstralk￿ b8¥y ol 0.08% g￿ng a total wnpWcQntritJl￿ of 2B.68%. Stheme and amouni¢d to £338.71412021' £447.060). At 31 J￿1 2023 tho G￿P SdMx￿ hgd r￿Mm￿￿Trts to make fthro minhTrum loase payments 2023 2022 2023 3022 N¢1 latsrlkn 1 year Later th￿ 1 and rtot laier Later 5 118281 46,948 31.506 118.288 82.796 2.101 46.948 31.&16 1101 203.185 78.454 203,185 78,454 31. Jolnt wntur• The of the sh¥e capital of Headingkn MCS Bus Partnerslmp Limited Icornpany number 145273121. whith was on 7 December 2022. The c4)rnpany did not ¢ommènce trad￿￿ in tha )wr gThled 31 Juty 2023. The eiryany is I￿.n￿Y OTd wlth Magdth Cdage School Oxfofd Llmited. and has been set ￿ to wo¥ide a netwtyk of 12 iws rtyjtes lo offer a hM)e to sdK sokntion tr w￿lIS do nol have sullAL4fy wry. waiThJ and pul￿￿ knpcrft (ytbns avai18blè.

FOR THE YEAR ENOED 31 JULY 2•23 £36.665 {2022". £30.OCKII. dotsil¢d in nots 16. £188.729). FoIhx￿r￿j th? •yYAn¢¢ment rm Iho 15 Sep ZJ that HeathThJt￿l Sdth Oxl)rd Ubymlwl Is ) mwgo V Ryo Sl AJrtony SclKAJl Lwnltsd lo fomi Oxford Llffllted. the 5chDoI ha5 been wthing to Department of Educalkn op[m￿ ts (arye of 5xoprkntor ￿ tho 10 Othr 2023 and the Charlty Commissbn apprry4ed ts ¢horse ObJ¢ct ¢)n 11Xh Nov8mt•r 2023. Fonnal I