2020-08-31-accounts

Lx] MOORE Kingston Smith QUEENSWOOD SCHOOL LIMITED Company Re8ystr¥tion No. 40S61 ariry Rtgistrntion No. 3110f4) ANNUAL REPORT FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31ST AUGUST 2020 A9YQXF•Q" 2010212021 CIXIPANIES HOUSE 122

Q￿enSW£d Sclux>l limi¢ed Annual Repon of the Govetoot5 Foi the yeat ended 3151.4¥￿$1 2020 Autht Report 1¢16 l7 Bdantt ShEEt 19 C￿(A￿tEd C35hfl¢Jv NrJte5 fa the Fi¢unoai %Ntements 2t-J8

QUEENSWOOD SCHOOL LJMITED ANNUAL REPORT OF THE GOVERNORS for the ytar cndtd 31 August 202 GOVERNORSAND CHARITY TRu￿EEs QtsttrtswoodGoven)OrS Aye the chfiry tsYSTtts ofQttthswotsASchtyJl tkn)itcd fthe Ch￿lty.) knd they Mr H J de Sau5rnarrL BA FCG O MrT C Garnhajn Bsc Nicc Chzir) Mr R BztllC5 BSC CIMA CEu8 MICE The Revd Dt D M ChaPm￿ Bk. MA. MPHIU PHD Mrs K O Be￿h￿ (Notninzted by the OkiQvttnswwdiJtLs Asyxllltt￿I Dr O McGumnc&s BSC. MB BS. FRCP. t￿. DRQ Mr.S Mottis MA. PGLQ NPQH Mrs C Normzn CIMA Mt5 N PrnrLy (Nombiated by the Qwsw(d Paf¢otr Mt A D Poppkiw BEn& CEft& FIEI". F&SC The Honowxblc N Ststnp MA Thc Rcvd T Swlndcll FCA M¢spMW￿C EkctL.d mcmbcrs by thc B0￿d ofthc and Vict Chatr and th¢y a(¢ supplcmthtcd by Govtmots tsominawd by the ofMan3gtsncnT for M£thdisr Indep￿(kn[ hooLs'foJsi the MMhrythst Church, the Queens￿￿￿1 P￿tr As50Dation Ipa￿¢ ix)dyl and th¢ Old QUccnpwo￿hZftS.lS￿￿ati0n Ifooner pupd51. Othcr than thrnimnthatcd Govcrnor5 who kDld ofkc s lon8 IS thcy rctnzin nDrnlnatc￿ Suviic on thc BDatd is for thiual p¢tiod of thrcc )'caiS. At thc end of an ckcfcyl GovLiilvrS knt of office. b¢ ot shc shall be ebp.ble for by the othet Governory for 2 hrthei tcnn of thtec Y¢￿S. The saffle shau wly at thc end oltht clttt¢d Governoé5 SCCOrtd third rcr￿s ulottKr. Thc Chwr. is ro anfi￿ reTr. ProFw. 11JVCStsILcnt.Idvi50ry Gro￿. Jatncs ￿ x Pasr 14kn5￿ of thc Worshyflll com￿￿> oFJoinets and Lthl¢rS. JurtsotW4kn of tht WorshipK4 Compakny of ("hallcrtd Sc¢t¢￿iE% A&iiiiiisfrroYs and i f%mncY Govtyfior uf Bishop Sropfotd SdJ¢xII, Enficld Hjs dauBhrcr i% In Okl Que￿$wOo￿n zftd hc h bccn a Chipcl'l'rustct wcc 2(KF7 iad ch￿ of that'ltU5L fJc(tcd i Govcrnor of Quccn5wDod 201 I, hc was Chair ofthc F>antE Commitrtc wi¢Jl Auwtst 2019. whtrtUPDn h¢ was tkcttd Chairo Quccn.W(xJd.Sthuvl. RALPH BAINES BS4 cl￿ CENG, MI .1 £vttSultsfio c&rLrr cuvutng 20 ycats Dch)ittc C￿$￿[1￿￿ and P￿￿￿0￿$th public JDd sectors 3CfOSS ol indvsrites. hfirryd with 1 son and two dwghtrrs, both OE who ￿ Old l)Ic￿8￿￿{ban& Elttted a Gov￿￿￿[ ofQucefiswood m ￿13. REVEREND DR D M CHAPMAN BSG ￿ MPHIU PHD Di$ui¢t Ch•ir of the Pdfoxdthix< Esx aThd Hetrforfshl￿ Distiicr of thc Metkndim Church. Alftcr Brad￿ltr￿g with a Mathcmityc5 deycc. h¢ wwkcd kn the GfC-M4rconi CtynP￿y Si and Mdron KWES Jn rxdu dcSV ffiznycnL Hc trzincd for mtsiisrry at Wcslg. Housc. Cafftbrid￿. and h&% x diKtDrdEc in Ihcohyy kn thc Univrrrity of C￿&brId￿c. Hc Sctvcd in thtcc Inlnlmcii￿ 4p)irtTmLTS in Methodi5r citcuirs iti IAmdor• and Su5S¢X pr￿￿red D151tiCT ChAtr ￿ 2016. Dawd i$ a mcmFK'f uf ihc Methtithsi faith and Of&* and ctrchajrs the yjmi inwrnarM>nal commiswn for

QUEENSWOOD SCHOOL IJMITED ANNUAL REPORT OF THE GOVERNORS (ot the yeat ended 31 Augusi 2020 thcDl0￿d lhzly brtwccn thc Wodd Mcthdisr Cowjol wl the korn￿ Cithobc Thur¢h. DI￿ mamcd thrcc athJt (hddrrn. NIMThmatrd as a Govcrnor by thc Church in kprcrnbcr 2016. TIM C GARNHAM BSC With oycr 30 yc1￿. cx1￿￿ence ￿ the ptoperty iD(Ivstry.frn y5 Dev&pwrDirtcror aad Patther ofTrusT RC￿ Est%tr. rcspoTrbk for thc d¢Y¢k)w¢ftt wwffle. H3VirtE berxt tht COrnp￿r for 17 yut4 TJM steptd dwi is ioini Chief EYcCuUvc of LtiniEcd which SPL￿1171$cd in office4 Itiixtd ux hJBh wd r¢¥knuaL He fth)Ktdy tkpuTi Mats4th8 Ditcttot of thr Ttahlry PropErty Gro￿ whEre h¢ rw ¢Jf thrftlj are Old Q￿￿$￿￿)dian5. FleCtl￿ 1 Govcnjor of Jn Junc 20II hc J$ Vic¢ Cknit of lyoV(Yrtor& And Chiir of the P￿ticS Crynmittre. KATE BEISHAW (HONS). PGDIP, IJJI. AKC (prtviovsty Kale Harvty) Kate was a p￿1 xi Qut¢nSWODd frDJn 1999.2(Thb. stsning ￿ i day b0￿dEr ￿{orC bo￿8 in Sixth Afier h¢t.l Kats. r￿d ai the UtsiY¢tsiry of F￿C[cr and ¢onLplcicd the ljif V(Kallvttzl Coutx an Lim io Profwiod L¢pJ Vrn¢titt •1 the City. tAw $d)c￿ 1$ a Bthistcr. .11¢m￿l& hcr Sti￿¢$. Kitc knarnt ￿¥0}yCd Th tht Old QuctnswoodMns' ASSDLiahoJi. mityilly zs arl Elcucd Monitr. bcforc 6tst Plfxjorafj .trrctzry a Ttwr£t ol tht Old (￿L￿sW(￿ans. .Iwaatson's Bursw and S¢hoknhw -jr￿$￿, and mosi XcCL)Idy, Gowemor ReprtSULTaDWC foi the .1gsouiUOn ￿tC wOt%5 ￿ H¥hcf Ed￿l￿on aknillLStraoon, Jjid Bovernaott, 15 CUN¢ltIy ,Isxsianl DiTC(tor lAcxdr￿IC Srrvicc51 Al Bn￿cl UnlvcfSLry tAhidDn. Kirc 1S a supwrter of T￿￿Et Ovaxiaa CgJlCLY •Jid A Govunot li iAnc Ptw" 5th￿)￿ wbctr ¥rrvc$ 5 Chzjt uf the Fifiancc & Rc5nurcc5 C.¢)mrnit¢¢¢ OONAGH MCGUINNESS BSC IHONS). MB B& FRCP. DCH, DRCOG Currcndy for eAst & North Heryfthdshty¢ NHS Tntst 5 n Assticix￿ Sprcixb$t I￿ Acutt Mc¢hcinc and AMb￿at￿ CArc. GAd￿[cd with a m￿hone froffl lfflpoial College. TA￿dOn (St Ma4 s Hospid Methcthe 1990. Ftll¢Jw of tht ROTA] ol ph}￿1￿]￿￿& .Shc has hcid • cry of posts ith Uouod PaE&ithc4 obstEttK5. gytuEcolw, ￿¢0[ wactKe whKh LftvoTrved a a Pok¢ Sw. Ooftagh ts mxmcd with two &4htcr4 l)oth font￿ p￿S Qwco3wiwxi Electcd a Governor of Quttnswood iti Spxin8 2015. MR SIMON MORIUS ￿ PGCE. NPQH I.Ivdthnastcr ol KJttgswDod SthoDI. s￿ECC XMI8. hiving Depw l.Ictha51Cf •T St John'5 Schuol. kntherhL4d aThd Boatdtsig Housem&wY and H￿d Lif Nlu&.rn tAllpF5 at Thc L School C4mbridBC. A C￿br￿8¢ UfiThctsiry ￿dUal<. Sknon has a GovrznDr th ￿h￿oIS In both thaintrthtd secfors. with threc chikktsi. EJeC￿d a Goycmot in SpEin£ 2015. CHITRA NORMAN CIMA Wlth 20 ye￿. the 6m¥LoJJ 5crvicu sector, Chit£a has ty0￿¢d fth DLutsthc thc RDyat B￿￿k ul Stodzn4 Barclay% and lJo}th Banking C?ny. Afw pduaung Mnth a d¢gf¢C th Nling8emcrbi .￿c￿nCe f¢rth the Univctsity OF Manthcstcr. Shr C￿￿[cd thc Ro)Il Jknk of l.manc¢ Graduitc Schcffte, where she qthficd as a ¢hary¢ted M•4L)nerJi ACCI￿7￿1( Flcr cxpcticncc CXpcr￿C &p3n5 rrcJsu4'. fit￿nCL￿ ￿￿t￿l￿.1¢Yre&V, irL¥e%ww telauon$ Attd st¢Atryc rr PAy*mmcS and $hc ha$ i pr¢wcn trdck T￿0[a of cxcdkncc u> dchv￿. and unplLTh¢XJUtK)n of cornpkx finan031 twniog M￿]LDing and ￿n￿Y￿(￿l Solulitiiis. In hcr roi4 Chitxz ￿ icding the unplomwtlltion of a firy>mciai f¢portin& plafints)R and analysis SySltm i S￿ry-￿p FinTtth bxthk. Sht 1$ thc Tnuthcr vf two. Ix)th attcnd boys. 5chox)I io vUL)>isw(￿ Elect¢d a GovLYnorof ()thisworMI X119. $hr ts thr Ch3ii dcsiya 01()￿￿%￿0(￿l iJJieoris¢ lirnitrt eff¢ciiv¢ ftom 1 kwember 2019.

QUEENSWOOD SCHOOL iIMrrED ANNUAL REPORT OF THE GOVERNORS lot the yeAt ended 31 August 2020 NATALIE PENNY Fotmtr Tnttr)r De￿￿tr. married mothtr of r4to wh¢Jm are oM(ently pupJF AI QucclJs￿ Thc crtydlot ofNth IIP. * pknI-ba￿ fwd vcw reupe ￿ller and fwd photopsapbet. Cblir of the QueMsWL￿d Pueots Ass¢)oation aJd•tnembcr of of GovernoE5 at ANDREW D POPPLETON BEog. CEng AKQ Firf. FBSC .1 knIlOT Dirtior ai Acc£nnLfe. a mana&￿￿￿ cwsultancy. lft his Jl years lt.lcccftth￿£, hc has worked mduple indusiiiu d¢Jive¢Di# icthrtology £nJblcd businw tr￿s[Orffi8ti0ft proi¢rty for Fic has kn sctvcd on the ACt￿l￿re UK & Ircknd B￿￿d for su ycats ind is i TnLSlcc uFthc UK Acccntiirt Pcnsion khtrnt. StudiEd it Kmss Colltgc 4nd wxduEed IJ) 1989 wth a dewc. Marncd with ¢Jnc SDn thd dauKhtcry of kn have betsi ￿J% at Quttnswfknj. EkcLtd * Grw¢mor of Quctthswoodtij 2011 THE HONOURABtE NICHOLIS SfAMP Cwtt fJnzThatt CTr￿ ckzn trthnok>8y. Nitk Icxds rhc coqMKAtt tthathcc bumrtess of 1th8spw Capu1. 2 swah.si UK_￿￿ new uv&Y tiive5tyThLYLL advisury r¢scarch fifm. Pr¢viously Nick was •0 ioY¢stm¢nt ￿￿￿¢1 with MacqLWlq C•nx¢otd Gcfiwty Numi6 h25 ￿50 hdd manwt roiu in the en￿ St(t￿. Ni(k hLS czrccr as a Chzrtcrcd A(touth￿￿t with Ernst& Young kn x￿1. THE REVEREND TIMOTHY A SWINDEIL FCA Curfclltly thc ￿la CoTrficxK)nal Ttrasurcr for Thc Mcthothm ChuTth ￿ Gr￿[ Britsirt. Extcurryc Chwy of Commcrazi of McthuasL CcTrtAI Hall WLSlmsn%tcr Ind a MLthoths1 Mitli5rer pasioral Te5ptsts$ibilittcS ￿ the Em6cld CiT¢WT th Nollh ]A>o¢Jon. V¥cw4)usly knJo¢ TrJ¢cutyv¢ Officcr foc thc Methothsl Tfidcwdtnt 5th￿ls Tn￿t, wnth LiWCffiCC of bcmg i Govcrnor o15cvcd ￿dwdtht ￿ld statc fnaintaiiicd s(hods. OTd&incd IS x prcsbytrf In 2010 folluMn¥ a (art¢r ¢n th¢ msurttrce i•d￿try. he is a ChartLYcd ilc<ouniapt dc￿<5 In lJuSmcSS AdmirtistThOM •f•d C.vnic$p￿ ltswlo8y Hc was rtominaiL.d as * Gowe¢oor by th¢ Mcthdi$i l•&r)IdtsiT khw15 D¢cunb(Y 2012 artd 1Xut￿ an ¢kcrcd G￿¥c￿￿T In DcctmbEr 2014. MRS PATRICIA M WBJNCH Old Queenswo(MJian 11972.19801. R￿]rea Head of FIR Ow¢ions For RL4cd Busyncss Infor¢naUtffi. .183(xiatc of thc Chartrrcd lastitutc oFP¢ysonnd D￿￿1￿C￿L CutrcTht Chair octht Old

QUEENSWOOD SCHOOL IJMITED ANNUAL REPORT OF THE GOVERNORS fot the yeat cnded 31 August 2020 OFFICERS Ptiocipai Mrs J Camttort Hthbs Burnar & acrk to the Coverno Tan Wthwns cfm& ACKU.CGMA ADDRE&S ReEiltercd Olfice shephC￿.S Way Hattdd AL96NS Wehi¢e ADVISERS Bankvs HSiIC Bank plc "rhc Puk 333 I'l￿￿111 Bridge Road ithidthi SWIIT IEJ Atsditort MOORE Kinpton &nith LLP Devwthitc House 60 Goswdi Ribxd EC1M 7AD Q11￿Che¥lot WC2116AN Hedc.In&rwS & Ass¢iatcS IAd 2 &4uur Bl 2[

QUEENSWOOD SCHOOL LIMITED ATrfNUAL REPORT OF THE GOVERNORS fot the yet ended 31 Augusi 2020 The Governor5 ofQuteDswood S(bod pregeDtthar Rewr for thc ￿ en&d 31 Aut￿[ 2020 uthdcr thc Chthllcs Att 2011. tythcrvAth tht xc¢ounts for thc ycar. dbat the IAtte¢ have bttrt prepared in accor(hn¢e ith A1- (Ch￿￿¢4 SOEiP (F.RS 1041. the Fffizn(i￿ ReportiThB Stsndard ipFb"rabk thE UK and RcpNi( of Trcknd (FLS 102) znd thc CotDPknit$ Act 2(¥Jl. REFERENCE AND ADMINISTRATIVE TNFOPJfATION 'The tsoVerni￿$ ]i5*d4m Page l. The ¢zecvtiveof&wJ.pOnop￿ ￿(k￿￿¥ ofthe Th￿iEY P*rUtulatX otthe Chanty's wfc5S￿n*] advi5cr5 arc yvcn on P4c 4. STRucrU￿ GOVERNANCE AND MANAGEMENT awity Structure Quccnsw(xJd khool lAnltcdwas iticurp)Atcd ￿ * wivaic company (R4isTt*l1L￿ No. 4Q5611 on 22 Febtw 1894. The Company I￿*Stered AS3 ch•rity (RwvAtiM No. 311IW by *T¢u5¥ Dctyj &ted 18 N¢>vemb¢Y 19iJ. Group Strncture And Rc]•tioMhip The Chariry wholly # rtoTr.chuiibk tradbigsukndiiry. Ente￿¢1st6 Ijmytd Icotnwy No.18409141. Thc s￿￿{ba￿S aCti￿tleS corn￿ thc knLstralion of rcyidrn￿ atbd non-[c￿￿11#1 lemo8s for SPOrfiDg othLY th< operAUOO ofthe sCh￿)i shop trad￿8 ac￿(1¢5. The B￿ra f Qu¢¢nswwJ ErtttfPfiScS TAnitrd <ompiiSC Mrs C Norrn3n (Chiir) Mt I Wdhams Qucenswood khool Limit¢d is cofineotd thfQU8h c<>rnm(M. pzAlld Of rditrd oliccts. andby ￿TivE Df iornThDll thd uniTr of dminssttau(m. to thc Qu¢enswth>d Sch￿1 Ch¥pd TnJM {Ch#nry Rewmtauon No. 311(KTrO). lTh¢ pmcipal m of th¢ Queenswood khool ChaK￿ T¢ust is to fflanaÈc and rnAiThtain thc &boc of thc Lhyl b￿ll{l￿g 50 th1¢ it will be wed pl2cc ofwoT5hip lry thc pwls of QutcnTwoodSchod and any othcf5 who may iJA5h to attcThd thc 5crY￿cs hdd m thccw. Governiug DocuTrtnt Thc Chanry LS yvcrncd by itsTnLSt Dccd ￿d.lrtlCk& oFAssoc¢aiknl. The Anidts oFA$s(KttJn kn51 amcnded IA 2010. Govemifvt Body Thc ￿¥C￿￿>SbOdy thc GovcrnotS zs(hknry tru5tru ofthc who Itc kn knr¢JtSo( thc Comparty. Go%trnots' RtÉponsibiliti 'tbc GovcrDDrs (who arc DI￿￿$ of Q￿S￿0￿d 5ckno] lnitrd theput[A￿ of o)mpiy lawl ¥cspMxblc for PttPa¥is)g the Govemo¢s' ¥Jd the fbiaficial su1¢moi￿ aC¢Of&ftce ￿rith appkcabjc Utiitcd Kin8dotn Acco￿7￿78 Standths (Uryicd KiThgdorn G￿1￿?￿Y Acaptcd AccowJiin8 Prariircl. Cofflpxny ]w rcguircs GoFcrnorS to strtcmrnt5 for ¢xth tthncial ytarwhith gve a And fw"t iLW of thc 51atc of thc of thc ￿¢t$.Itic1uIkng the b7¢￿*t of the th￿rIb￿ ewup f¢x thA¢ peri(d ewnB th¢￿ >tawffl¢nts. th¢ Gov¢rnorJ arc ￿￿TL.d Select swtsblc accoth)Un8 fK>bcics and th¢rt appty thtm cothsiswitly Ob5trve thL' rrtetho& and pri))c￿kS in the fh>ffties SORP MAkc judzomcnts afid esiimatts that are reasooknje and pnJdu)¢ Stsre whether applicab￿ UK AcwuniiDKSNn(kax& ha￿ btai followe4 sukn.ect matet1￿ tyrturt5 discl¢ivd and e¥Lain£d in the 6fi•nciJ %tatern¢n

QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS fot the year ended 31 August 2020 Pfepare thc fittan(l￿ sttrtmcnts on thc8Ob?8umccth unkss li i% in¥p¢opNatc to p￿$￿1)¢ thAt thc hanu14c cryy (onlin￿e in business The Gtsvernots art [tspon￿TrI]C forkeew¥ptyrXtountitigttt0￿ thxtdi5(lose with (eLwnAbJe CCuraCy. It )y lime. tht fthantlli Df thc Ihlnublc rompany cnxbk thcm to cn5urc that ihc ￿ana81 I￿[Cynth cofflp]y the C(￿Wit1 Ac[21￿. Thcy •rc al￿ fot safe￿1￿8 the assctr ofthc th￿tr1￿C CQtnpany znd hcncc for 5tLP5 for thc prr¥Cnti￿ &tcctiDn Ind othcr RecruitmtnL Jftdts¢tioti •xd Trairting of Goytrn 'rh¢ ch￿ry$ el¢¢icd Gvwcrnots arc aFPOtilitd ai a met￿& of the Govcirtots. Bo¥d orl the bays of n¢mthaiion% reccivcd frofTh th¢ Chait Vice Chair, who8¢ ttrofflm¢JwJauons for ¢ly"knh"Ey Afc bucd felcvani attyibu¢e6 Inclwling cotnp¢tcfi¢4 spc(ialist Skills and ivalk1￿b￿'. Al prospective Govcrnors thc School tne tcprcSLillalivcS of thc Bo¥d and scolDr matsa8Lin￿E ￿D[ tD n(xnthalioTr. kn ￿dU¢r10ll ptD8tmfnc 15 at the Woo] fot new G(wtsnory And thty provided with ic¢e55 ro the Govemot5' lJoruI ￿KI￿En]r￿£ th¢ Aricks of Ilssoaation. Govcrnurs, and kcy Sch￿>1 pok￿. a wy of thc Risk Rcpster Ind othcr documEntatsnn rcky￿E to IhLr [L$p￿%1￿$hll￿ a5 IIiLStec5. Spco& WCD ccryd w ￿f￿dIn8 [c4￿5lbIhriL. Tn ad&iion. th¢y ￿ ￿TrI1$hed￿th th¢ Chariry'5 nio51 f¢CCnl set of finth¢ul accOUDtJ. All GovcftsoN a¥t enCourA￿d to attcn4 frorn ¢(l 5cmmzrs art3n8cd by AGBIS othcr Pfofc55ional bo(hc5 zswell 3$ fatnth1n￿llO￿ d&y5 PiDvidcd ar thc of tsnkn815 by thc Ckth Lu thc Govcrnoi organi￿atiOnal M￿yMent Thc Go¥cmoiS d¢i¢thiJne tht ￿licy Ind gtcl¢8lly reSfrf)m￿b￿ forthc mawts)i and conftol of Ihe Sch¢Jol Ihe PrinciF& Sch¢Jol Ex¢cutyv¢ T¢4ffi. Th¢ 6Jll Fknitd roetu at least thftt wne5 4 yelt. Syrting3nd worting the W thcrr thrce Comrnitttcs who rnect oncc wtErtn. A$ It 31 Alysi 2020 thc men)knsh¥ olthcsc Comrnilltts W Firtance Committt lTrc Rcydl" ￿7nd￿ lthawl Mr Fl J dc SuSm￿4 Mt5 C NIKmzn Mt E M Sautt¢r lThe I10ntrvNbie N STamp MrT C {￿￿k￿ (Chiirl Mrs K O H¢bhaw Mf5 N PcThny Mr A D PopTkn). Educion Committte Mr S Moti75 (ch￿r) lTrc RcFd Dr D M Chw Dr O McGuLnftess hlr H J & s1￿MI￿rA Mt> P M Wrllbch Mtttyi85 of the abrthc Cummiftccs atc and wim be atttsth by thc 15uNar and othu mcmbcE5 The foUtrwitigGoveMots bYc by the GO￿n￿RI￿Y to hav¢ forspcrifir aty. . MrT C Gmham- Hdth Ind SaFcry Dr O M<Guitirt¢ss- P￿Orll Wdfalt afd S2lepwthi8 Chfjdrt Mr H J de SAwrnatt¥, The RcYdT ￿]ll¢]dI. Mi rs K O Bdthww ￿dThe Rcvd DrD M Chawn *Jso serye as Cha￿1 Tnuiccs ReMW￿li0￿ ofKey PcY•onncl RcmunernDon of key ws¢mncl is cS?bhth£d ai aPp￿b￿071 Stsgt by thc Plin￿paI ￿alOr tht BoaTd L¥f Govcmors. It ￿ th￿f¢Cr revywed on an JJJOY￿ bJsi5 by thc Cbair and Vicc Chiir of G(we¢no£s. wbo ￿ J]so Cbair of the Fittathcc Commillc

QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for tht year ended 31 Augusi 20211 OBJEcfs AND A￿1VITIEs Olaritablt Obiec¢s The obj'tcts of the Cbatiry zrw. To contynv¢ ro QPCTXtE & yrls. b(Mr(bng￿l &y sthod a5-Qwcn5wood". wknic(t to tht Ttwt Dttd xbd the Compartrfs Afficks of thiisllah rtxenT5' foiafficuj trw5. In JdJtioo. thc off¢f5 a wle rartgt ofother irty￿￿¢S dly￿ed to producewcU.Cqwp￿d and catmg Qtixcn& of thc fuDJt4 the Icakn aEtotllOffDW.whowill gcfvt thLir romfflunlDc5 wd2 a drar 5cn5c of rc5sxmbibti Thi5 is 54YPDrtcd by ictivc of paS￿￿l car¢ wiihiL a spinDJal &￿twO[￿ ts by cothprthetssive of aCDviiie5 ro prornote physical Ikjivery ofpubbc Btntfit In accotd3rtc¢ the Charifable ob￿Cts oftheCh¥yry. id havrLg dw to th¢ CDfflfflissiort's ydJnce on Pubh¢ Benefik the.8cklx￿ continws tl wyd¢yL pvithc acces5 w the exc¢lIcntedu￿tsQn thatwdg 38ry111 ro 18 rLYtivr it (Svnyw(KKI. lrt 0￿[ ID 5￿p￿rI obJ"ccliYc And cnsurc thatno tmc is rAd￿d knm the OpwX￿lty to btriefit fmm this edu(Jtion. the GovetDof5 tnlke iT¥￿￿b]e (diy bursary zwJrd5 of up to IIM foe reffl155ill￿ ill tc cJrcurnstanry& A ¥hdarship ix, frrwndy 1% rlmnplcmal￿[bY a IKW. QU¢￿Sw￿d cootinuLY to Str￿£then its knks sd>(M)J5 for whom it makes Iviibbk. It no Ch￿￿, Its laditi¢S wxh as th¢ swimm￿8 and thc out¢k)Of mdDor sports xrca5. The ch￿ICter o(Queen•wod is hi8hly Snmknls olthc highc￿ tknivc hiyc Ifirt txampk. in y￿¢5. Queenswoo&ans have beerL offertd plK£$ at oxfo¢￿ C•mbrd8¢ arjd Grovp Ufi5¥rra￿8 x% UnivcThitycs in Chinx thc United Statcs of Amenr4 rcadtii8 tngbsh. G￿Phy. tAW. ￿￿tiCS. forckgn N&turAI ScrttcsI. Ii 1$ uot Dtsiy thc bm8btr5twho thrt¥c bu4btswtYtt. % th¢ #cttpts puplls Wtth a of Akn11ties. 'Thc Sch(x)l is vcry woud of how ffluch 1t m￿￿u￿blY t￿509 tht acadcrnK wfjit of thepds Ind ￿5￿ts thatcxth d's aca&mtc Success ts supporyed by * &vetse exowL8 c(FcurYicul¥ pwwffle A feceni plent￿¢ it SU¢<lJ)cd}-.'(2￿C￿S￿d p¢ov￿S tht rt$￿($ withow the tcAts'. Thc khool is lamoLL% for its spot( pruculthy 'leonis, bur nRht icxoss ibe ¥JJd FtforfflwRaxrs aj￿ th¥ouRb ￿1th￿n1-1¢￿ entichm￿L Q￿C￿l5W￿dOEfers cxof¢ffl¢n4 thoio and cxrylknct. Thc ic¢htsi% lod pastotsj suff ai Q￿trtsw￿a hdp io develop rtsilieott id adwbth.ty and to ch￿enge thcmsclves. Thcy Wanl to instyl a stsisc of w¥ctive ￿ thepAs Wh￿ th¢y thwnph afid whcn thry find thin h￿d. Qveenswoodpds kave the with afflixtyon. dctyffi￿ati00 ftien@ qu￿l&￿tiOnS Jftd knst bfEwnc. Objcaivts for the Ye Thc okn"c¢tives fot 201812019 wtte. acAdcfftic standards "I¢) promotc the hJwes5 /fid 5df-CStevn ofthepd5 bi valwg thyn ￿ ifi&Tnthu15. wha￿tr P￿ti inlETC5tS To ftssrcr x ltsvc olkxrnin& ￿ld&ba

QUEENSWOOD SCHOOL lI￿TED ANNUAL REpoifT OF THE GOVERNORS fot the yeat tnded 31 Augusi 1120 To promote intcrnityonal. cdtyjrnj To promot¢ spinDA and mtytgj ￿ )d ts)Cre￿t a¥Artrtcss tsf. tsd thcir rcSp>tt￿b￿"UC9 tht idcr To prOwdtQPw(￿lI1t5 foryds ro thknge thetnxkTc4in iwde raote of ctrcuti1￿￿a￿iVltyestfrCIwhn￿ thr hurnA1JllicS. thc rt5. thc 5(JCnCC5 5P(Kt TD ptCPtt QuttnSwod wr15. Dofjust lor hi8lvr forbfe To parcnts to sUp￿rt an tr( the Iileofthc Schwl znd ￿ thwTrlvc pzrcDt5 fi￿y in thc dllcatton of thcit davghters through thc use of TrMdY.1nfonY￿llVC nd ctftuivt toMmuni￿1(￿S SinteEiei toAchievt thi8 Yce8 Obitcti¥ Theie tndud Embed the PctSoThaid t￿rn￿6 Ccntrc into thc iu&fflic hcart oftht SthwL FyThahge thc of 4c4drnJic cwriculwij to indude kn8th of kssonsand d&tsrix)tn liih thc stnicture olour Iwdbig houses Embcd thc ffcw tsilor mto the brt oftht Schod Embcd thc new W￿). IK>uthJ8pck Finabsc the TCY¢cw ofthc Piincipal Actiitiu vf th¢ Yt The Chariry pttwi&s and day CdU￿ltin Eor wd5 fEDrn thc y%of 11 ro l8 sinBic 120 icfe tc. Thi5 ycir th¢.SchThJl ncw tknblc IxMth8 At thc ￿ cnd thc 5(houl fol) 44714311 comwg 21712011 &y aDd 23(VD VoluDieeTh nwnbcr of And pasi p￿tr715 cOntbi￿d Lo rMO¥th how5 of wolunfry servicc dutmB thc >cr. Ih STRATEGIC REPORT REVJEWOF ACHIEVEMENTS AND PERFORMANCE FOR THEYEAR op¢wiou￿ of thc School Af￿ a frw of chafi8e thii inten&d ￿ bc a yw ofcakn. a 9￿¢t on thc 4isEtms to bccosnc bEttcr cstsbbshcd ind thc pu￿alised leltnffjg ccntre thc owDrnJntty w thnvr. wth[ wtll unul the impau of CorOnxYitUs be￿￿£ ikn, thC5￿ ofststc lor Edw3tion announcing thatall sth001s would bo clO￿d Irorn 20th MaY¢h 2020 OVLY this prnod theffjtemaryurl￿ ch￿￿￿& thc official ad¥icc for JnrCtThaO￿Jl s¢wknts. th￿kfi￿ty twJade¢s manag¢d io ￿0Jxt t7jgh￿h0me iti Ordcr io Tr AS i schoDI vjc had ￿readY Ixyi prtFarn8 for th£ cVcrtNaliry of knin8iii Icrrns of knth tEainth8 and hatdwzrc. Lmpi¢rnwJtstyon of Giwlc Chsy(w over the previous No yclts •s wcll as tht &Jancia] Invc$lriicnt ia (I￿rOOM tcthnolu8y tncant that thznktuny Q￿¢Th5￿{￿K[ was i far berTer￿￿e than manlt xhools to cope ith th¢ IM￿¢[ olkh¢JoI ¢kTrsur¢ #nd tht ntcd Eor rcmottlr￿n1￿&. With xwe£k of tcttn reMa￿￿7g we h4d thc oppor¢wity to put oiir 1n1ty￿ onhn¢ learn￿8 arwich PTa¢Utt.'lThc sch￿ hDlvJ&y (ar kn x hoknday ror th¢ 5ttfFitQu¢cfiSwO￿ as they wilted ¢0 re6ne srtatw and suptth th¢ rCThOEL' iLMthth8 50 that c thc sufftrncr rrrn a fulihobstic and b3]anryd dchvered f¢mor¢ly to all uilt P￿$. T was extmcly pr￿￿ oFbo(h out wd5 Jthd staff ID how tb¢y ￿ thro¥h this InLW the sKce%s of ihis weck was b￿111 UFXJn the knmeTTcTm.whcrc our rctnotc Irixn 5tfcftgth to %tt¢ngth h¥h exwtatsor*¥

QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS fot tht y£at ettdtd 31 August 2020 Another key Is￿¢t for this Kthic }Y4r the mloner ￿ which the u•rninaiirmBrn&sxYe issud The school wa5 thed to enter Ceotye A55e55ed Gradcs ICAGI f4x cacb pyl. The 9th￿1 wa5 issued ith 8￿d￿Ce to prmryde thcsc 3Thd tht aPPr￿Ch wa5 irLd ￿dC￿cCd b￿(L Tht Fth¢)nl wwrcd w Pro￿d￿ a rdAk pupds a[￿$5 thc )"rAt8rOup.The ￿t£￿[LOn VJ75 for 0[qu￿ to takc this ￿ta Ind then stan&rkn it 111 order io P[￿￿￿¢C txir atsd CompaAbk aiross all stu(kiLts. Ullfottsthatdy with tbc zrkasc oEthc A Ixwd rc5ults it be<ame clear thAI th¢y had n¥t b¢oi abk w mn¥ this. With pobricgj thrCNeno￿ wet< XvArd¢d whichevtt 8rth was hiEhesL uthet theit C.IG 01 5th7d¥x&sed ya&. Putth were Also Èivoi the oprM>rttJiiry to ￿1 •T tXzrn￿a11On ￿ thc lollwDg Auturno'ferm. 1x1h￿st the vzst m40rity of students ai Q1￿￿$w¢)Od Lbd weu throuBh this proce$4 &Tety Sfflzll ￿uMbts rttnv£d x CAG thrirown ￿d￿C £(￿￿1￿C to work th thosc 8Lrts and kni]s. Al departynent¥ •nd stsfF4w x¢ively u£4edin SthMI's perfty)maJJtt.thether thisis ffom i pureb. audemic contnknulion or one th3t ￿Valv£S (￿£￿￿lc￿Jr aCti￿lIeS or sprt ThE tmwt of thcse coThfnbutions i% hrFIy r¥oDJ] in ca¥es u hard ro rnusure, bw b¢iow wes a Ibvovx of s(¥me of the JCU￿O¢S bavc rndc a rtal impa¢t ovtr this xthic Jur. 2019120 Exarninarion Re•ulr• Gtrl4 parcrtts afid staFtcdd>ratrd an ttnprr&qfft gct ofcnm th￿ ￿. Dwitc the uncert￿ty C3ud by the c￿￿1¥1n￿ wdtmic and the cfmwuent ￿h¢￿Il ¢0 thc repl4T examts)auoM pr(L%5. 72.5Yo of￿] ￿5wQ[c.1-.B. thc Oultotnc rrknin8 wds. tt) thcir MbÈsand the t¢achcY5' commitrnerti 10 pyo￿￿"￿2 the njosi mbuST ¢ofomuDoo 10 the ¢xaro IM)1￿. Subiryts which puformed PArti¢￿Id). w¢ll WJ¢ludtr. Phyyc$111KV/• A.B), PobDc%1ILIY/4.1"_Al arld IAtin1lOW A Bl. Results for modcrn fw wcre gwd (91% cr0$5 Spvmith. Pr￿th. Itsk￿l a% Japknesel Thtrc wert somc Outsiandin8 athKTltiiitnlS whcrc WT15 Xthicvcd ￿0. thrLf or Eour and i Thc Y¢af I I cohort a<hicwcd 61.8% 9-7. knd 99.V/•wths 94.whiilL VAS ￿0th￿r Supcrb pcrtDtmkncc. the stron8 results sofflt outsraftdinR Indi￿dL￿1 a¢hyeVonerj￿. iAclu¢bnR one SDkntwko a¢hVL￿ 11 grth gs a￿d ￿ A lth£ top gra&) 10 th¢ Fr¢c St¥K¢boE Mathematycal QwJi6catyoo, • htythcy thfce pupth whu a(h￿cd gtxdr5 9 In total 22 outofthc 6B xhi￿rd it k¥i4ht 8Tx&5 9.7 which io A'/A irt the Rtadthg systtm. Music Dtpaftmtnt Thc dcP￿rnc￿E Ixw tho ￿). othcr, ctxjcctts and compctitions pknnc4 &tcs al.￿￿CktorS bod¢c excticdly lookin8 fory￿d to iother yeai ycat oCmu5ic-JfJd Matth lockdv￿￿ COI'ID.19 h had A h￿¢ unpactoll M￿¢ thfoWou¢ the co￿1￿. (wr •biJity li Q to h05t conttrts, compctstyoni. trkr wt it) cxfrrnal cvefiw conccrts. or even w reheyx or form our tqubr ctk5ernbks. All of thesc I1￿1E5 #re £ILtrcndy thjpossjbk Govtrnrncnt znd Q￿S￿o(x] Ilowevcr. cv£a duttDg lockdown we matt¥¢d to hosT a remo￿ th)mP¢Uli¢n-with wls dcO ¢bps ofthar T￿￿T￿an[c$ and a couaburntive £harnb¢r rnugc piqe(t one ofour Stm%Qvaryets. Wc Arc C￿er￿￿￿ workiThR orl thtce fernotc nrerts for thJ¥ i¢srn to ¥tr£al[￿￿ bcf(Ke th¢ (bD¥t￿ b¥¢& W¢ hgpe to Th(bDid 5crv¥ce a5 Sotxi Is POSSiblc. Scholats ConttEI- 2 Ottobtt 2019 GCSE YVAY 11 - 16 October Y)19 Gcse Yyat 10 and A C¢)n<ert 6 NDVtmber 2019 Gold Lompeution- 14 No¥emkn- A4.thU￿dbj. top scssion Ind so]tiiM. Jathe Batton Thc CDnCtrt- 27 Novrmbcr 2019 The Cvol Si Albans AbW' M December 2019 Scholars. Cornc￿- 22 2020 The C￿¢￿75w0od Piano COM￿￿￿On- by Kryswa Bubzyrtska fot thc Ro￿] Acd¢my of MwK- 5 Fel￿ry 2020 Th¢ GCSE and A Recita15- Marth 2020

QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for tht year ended 31 August 21120 Quei)Iwood Musicin ofthe Y¢r-held ttmotttydwirtg l￿d[MI R£moic GCSE 4ttd.I t£¥e] ClMJCttts pknttcd Retr￿1£ Scho]us' ConccttpbDn¢d Stht su(ce55¢s have irLdthd Q winnmgpknsAt the Jtsnmbr DtpuDnents o(tht Ro>gJ cou￿ 0fM￿( thc Acthy Plaw8 with Cnx[nbl￿ wcb as NYSO. NYO. NCO. •ppeaKw thi Pn'tahi'5 GOt'r￿en[ as part of Chinekel Drnma and Dance Hishb"8his of the Ytar Eatibut8h r[In￿ Fcs¢MI with tfi DAma stsxknts Housc PcrfoLTniny Arts Upper Schoul PrudU(Don'.QweA￿VllJcthv1 125 LAMDA ind NEW ERA exfftinaDthi sessions gYd ptrlo¢rthnces and &cthttri Bllei exams Drama Scholars. Prnicipj's Awatd HOW petForm)ctr. Pythom $ GGSE Wa&s Alice The A.l¢v¢l Dr•ma wduciion A Mo•swC#l&and the L•xrSd•JlCdbwwcrc can￿cd duc to COVID.19. locldotkn. we ￿￿t[hCa ￿ cdiling wdeos Cffated thortv£ry￿So[R￿Ioa￿J1rf. H¢4•1d# Pri4Tr4#JPryth. Year 10 GCSE Dramx &vtscd filmcd Lwo MdodtJma5.. A4ATat WiRlerknoMHalL Wc prD￿dtd Drdffl4 DJncc. b.kn Sctiptwti¥ftE onkno dubs. Wt adthuort￿ Sthemo% Dfwurk Lu Ycar 13 ificludmg. Tb¢Si¥&fftE¥￿￿.¢l>All. Had￿￿t￿n. AqvJth¢)n. Pdo, Ilorse RJ&7g￿d Cri¢k£L Fli8hh"ghvs Illd￿. Two thLLdsof thc sxvulation fLpfc5cntd Q ￿ 11 I t¢xn$ and they pknycd a rotai of 582 fixTht¢s l(Kk(kn>wo. TennL5. All Schookn compeiitsoos 5w&d U15 Cro￿1[a CThxthpM)n$ and V13x TEgional ImprrSLvc MdiVidu￿ h(mour& 17 Tcnnis ￿8Y￿. 4 Reyon￿ PlaycTr xl Enghnd playrr. FAAI'ers (g￿￿ed in w 20 nauonally. Al l ￿ZY<[S cDmpc(rd on thc IrttetijatyoD￿ (IrcuiE xz Irr chamws, xl playct Fl¢ffs Perfo¥mer of Yeaf. wr15 Hcrts wliilcr c4p.chzmw. lor Herts 5crvicc to spory UK numljor Ixhwl for Toifii& Tfidl￿d￿ Ftockey Immours WErc outstan¢hnK. 15 rounty pbyus. 2 ttp003J play¢Ys and 2 inMoatiimal playcrs. qutthSwwA all 5 of tbc (ounty ry troph￿ Thrc¢ trams rcxhcd I'￿¥j5. In the Natyonil TrLdew&ni 5chwls C4J U15 ￿￿h¢4 quartrt XT r¢xchcd thc knt 16 ofthcTLer3 tncing ionlitbuts to th#vc- w¢bivc 5 plKed in w J ￿ East RcgKwid ChmtMKtshys, tyhts Wtrjld have quthfied fof thcBiiu$h Chami￿On$h￿j& Wc hivc 3 En8knd 4uad Icncct5 3ftd 781 GB f￿cLy. AthIui¢5. %enioT Nau¢ffl￿ InthorH4h Jutnp LDP 6. NatioDzi Jutnp. 4 Athlcs piiced m top 5 at Couory ChampionShip& U16 Counry Ix#RUf ￿￿sts. Gyrn￿￿￿(5- U18 NaDonal ISGA Qu￿16¢￿. Ul3 Natronal ISGA 4 Pic¢c 5th Platt. TVAO Coilnry Gytnlla5ts. Onc Individual comFtcd ￿ Nitywa] &J31s in Actfy NAoonaJ GSA chamE￿OrtshI￿- JthrTtrAm 3A .kniDr'lcurb 2rA. two 5ikcrTncèai& Ru8by- I wwl 5cknicd for County a5 CZPta ljadminton 3 tttms in the lop th￿C in thc Hcrts MMtillc5cx Iw. Trt Nation￿ Com￿tity)￿ U14 d Ul6 reams ￿￿(£ ithstcict thampioo4 U16 (ounry tfnbbd 9￿li￿￿ fot rcionalslwcrllrd) PolD_SUPA SrhoDls Nilyon31 PDlo TOUrn￿￿￿[chaJnPl￿s

QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS fot the ye¥t ended 31 AwBt 2020 Horse RJ"dbig- girls repY¢5enied Qu¢cnswwd ￿ NseA eventy In(hvid￿l tidEr5 have had succolts it (Duniy. fCPDnal od Naoon3] evtnts m &ew id Show jU[n￿ C¥L￿ts NctbAII- > Teams wu¢ Di5ti7ci Toum4n¢nt WiDnUS. ail othcr tc￿￿£ 6nishtdirt rht Eop 3. 7tt¢vsdual hotws.. x1 Ul? En8kna N¢tbzllet￿￿ Ew Chzqon." two NetbxUe¢s 3 Couoty N£th3Ju5. Fo(btb411_ U15 TSFA Git15 Cup N￿XI￿ kn￿FIn￿ls4 top 3 aiDiwici ttAthigmeft l¥ XT attcndcd prc-$l￿On th t￿<& for 3 daji 56 D)ed ro take F4rt tn 1 Ski trip lcancelle￿. JG pirtic4Mfcd ffi i H￿h￿TOu[ to 36 pla)"cts wcd up camp ifi Mth)ella lor 5 itc Inatiwaj levefj In the followg 5POrts-TtyLni4 FetMyL& Hock￿, H¥h Jurnp. Hursc RJ'¢kn& Nctball 3Thd 8hootiiig. Obieuivei fwtht Fonh¢otiw Yut $hapiti8 obietti¥es for tht ytrandpknfi)g OUrUiVLUC th¢ Gov&m¢Jrs have cons%Jc(ed thcch pthcc on pubh"c thrplldntt'T￿￿lK benefie tunfiing a Ch￿ty. ￿1¥3). Tht obicclivcs For 202012￿1 rcmth thc Iimc L thr wri¢xts yut. thtse 1¢¢ To oflet kn txcellthit ed￿10￿ thwh •bfogdandbJknttdcuttiC￿w￿. amd contitilully scck to adrJDi¢ Stanthrds To pffjfftore the happess Ind SelF￿SEe￿￿ of thc 8tils valuiti# thtm Is wFAtywer theirputyc thteresty To fostcr 2 lovc of artdth￿te To ptomotc D)tcMauo￿l, and p)bual To wote SPiTithxI Jndmod and yd5' o( ty), the widcr wodd the hum2tttDts. Ihe alls, the sucocc5 id swt To Qu¢oiJwo(xl gJtl4 not Y￿t for Uni¥rrnty h￿c[ ckniion. bui for bfe To cncow avrts oftht lifc oftht nd to involve pyoits fiJly in the of thclr daurthtt￿ thtOuRh thc usr ¢Jf Trmdy. informiiive AndeffccDv¢ cofflfflwiKIttThi$ S¢ratCVCo io Athicyr thc Forlhroming Ytaét ObitctiTItI Thc school sct about [C￿rwin1[ stratws tn Jgnw 21120. hoJdbi8 locu%ed Ltiscwsions on how thc schoo] could thc wowth ofpwils ihai it was exp¢rieThchig￿d also how we wcrc wg torn￿￿ Stxth Farrn cycn ote •ppeahftBin tLYms ofboth fwlilits offerin8. tike rn￿Y bU&￿esscs thc rkpattof CronAwtiJs Id to becoming on thc safrty and wc111￿￿¥ of Dur pwb knd Maff. thc conthiud provision ofcxcdJeDt cthJCXUOtt and mxn4sng the tmnual tsTLphuLiOrts ofthe p¥&mK. Thi 4idwe hve r￿lab￿l￿￿Cd our strat obJe<tivcs. and thc 5iYth Fomi rLxnains ai the fot£&w¢ ofow rntTrd FINANC￿ REVIEWAND RESULTS FOR THE YEAR Totsl inCOthitiR ttSOUrtts £10.975k (tsid￿lnR£47ik rettived ￿ WouRh iDcomel with rc50UfCE5 txpended amounting to £11 J52k. The xhool was phys1¢￿ty cl¢)5¢d during thc SumrncrTcrm and ￿ 5Uth rhc Govcrnurs feli tharwe codd rhargc for activyties thatVFC llolablc ts)cluthng and tyzn¥p)rt. Futthcrtnorc thry rcduccd thc day frcs by 2￿ in tD COtnEKIlSalc fot the hck of non.Aude(nic Igptits of thc School. Such as stx)rnug &Ytu¢t4 ctromicul¥ acu￿￿¢$ and cawt￿£ The ott OWtiDR rtsdt altho Gruup lor thc wa$ a dcfitht oE£395k (th swplu$l. To fi￿￿$ have re¢hxed ￿ Val￿ by £395k.

QUEENSWOOD SCHOOL IJMITED ANNUAL REPORT OF THE GOVERNORS fot the y¢a¢ ¢ttded 31 Augus¢ 2020 Thc tou] ￿$£￿$ t Jl Awr ￿20 We￿ £18,OIOk £l,Q55k relates w the (ev91uatiDtt ¢¢scrv4 £472k 2rL' tcScrvc5 Ind £23 I￿rEsL￿ts 5harc c4MLI]. "Ikn ttmajnder. D6.512k. teserve5 by 6xed a$5¢ subswLtsthy m•& up ofld rtd bJdthth8k The finioal iM￿¢t ofthe Vin￿ ¢nnoib¢ i￿ortd knd a fr￿1t tht sth(JoI ph)"&dly d05cd d￿r￿g the .Sutnrner"fcrm 'nTre Governors r¢ac¢ed tL> the i)pau of by r¢d￿ tht Bot(bti8 ftts to &r fecs nd apphcd a Eurthcr 2rr/•ithBcowit in ¥VFP)rt (bf (wr kid1￿d￿J familjcs who underwin8 ¢onM&ta6 &nffla] hxTd5hip. dlc 5(hool uniblc to providt many olthe n(xJ4adtmiC of the s¢hooL such rcrnotr 1¢arn￿8. The rC$￿¢cditi thE ￿YO1(]ng D.%n theSuoJllvTertn it would have ekTCtcd w. This was ¢xaccfb/r£d by ow rr•(bn8 erLtyry being ts)blc io Cl￿d￿(l Its Sumiilcr kNin8s prngrxmmt. fiKthLY Yckntiig up rcvcnucs. th15 offytt by the re(￿¢ of £475k of &Jtlw8h tslCOfft¢ And Sumc other 0￿r￿thaI $XvknRS it12zS uiiitDitdy]¢d w the ytyxdc6cit of D95k. Throughovt this pcxxvj we have b¢( suprx)rtd Tr4" Ourbknk¢rS (HSBQ yttd to ¢xt¢thdouf ovudraft Ec[n￿￿rI1Y lo￿ rp4￿cA¢S and C(bvUonzl tcam OF Cd￿1￿0￿bSts cuntsnuc to ￿0￿dE ahiBh $tsndJrd of1carn￿£ for thc whith provd Valuable atuaciin8 an Iil<¢¢lSin¥ l)umbErofpxrL￿ts Lo ow ranofc day& Teatkr Sthune Th£ School is aw￿¢ thit the Govcmmthi is TnLkin¥ Ch￿￿5 ￿ thETthCrPa￿ioTr wc ￿ •WS5in¥ our optiojjs. Suppon Staff Penbion SthemcB Thc School re[￿7￿c￿ £2i6k OFp￿s1¢)￿ irs Baknce Sheet tsi to the ckntd scheme. Th]5 Li fi￿1 attnbutsbk to lThc Gtowth pl￿ p￿0￿). Thc Schu0] ￿Jj review this ￿61b[Y rjn an bas. RtAttvts Policy Frcc rtSCEVCS defined 35 reservu whth ate fredy a7oila14eaod txdwje xemictcd kn&. attd Jy lsstts. In c¢)fflm¢M with othcrin¢kwdtsit schooL4. the Gowemoys h8vr tn¢srcd subsunil￿ Sums intD thc SrhoDI sifc rcd th¢ th¢T￿L in CutTcnt and ptDjC(tcd itudcnt rou4 thcrc LS no Uwt ftccd to i fttc tfSCf¥C. The Govcmo(s fec¢)￿￿ th2r the ievd ofttscrves flutTr&t￿ duEin8 rnods of intSDntht in the Sdk(A ￿Ld￿E￿￿r$With b￿k are in place fo pro¥idc adequate'ufe¥ 3DdilfowiryI I￿¢ k¢serve5 Pobcyis rtvicwa In niiual basis th due consi(kn3ti(xJ of ti5k DoJLqtiOW and Rc•vicd The %chow)I has becn exuaThJy fomjnate tts bLy￿s[s. kntauor•S tsd owtt ytarL It i% ttor posgble ¢0 IIAI th¢ rn￿Y Mts but th¢ of note..

QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS Cot the ye¥t end¢d 31 Augllsi 2020 Risk Managmeni Thc Hrmrd olGovcrnory ￿ ￿￿lAble for the man¥￿￿t oftht risks taced by A Risk Rcgster and Frzmcwotk. dttxthng wi6czni iisk5 fching ￿ thr ￿[c￿￿E￿I Confiiiitiry oltht ChrriLy'$ 0￿"c(l& 1$ maikrairted. Consi&xJiioti Oftiidj"Trrid￿￿ fisks is ddryaied w the CcffjfftiTtffj which re￿ these a cyclic41 E The Board then thi5 ccorx•lly a wYmlybaNk The ktytotttroL u1 by tht ChatiryiLdth. Govtiilor oVer$￿￿t 8islL Framvwoik A8cn&s and minutts for￿ IloAA and Committee mcttin8S Tetm5 of r¢ferLYLce for CornmiNv Strategyc pknnio& bud8eong md tD3owrJJi accoVmtynEpf￿cd￿￿¢5 ForniJ] wntten ￿￿City Clcar authofiSa¢ion affld appro￿1 Irwd$ Vertthg procedures $ by laT ftsr thc prOttCllO 0Fthe￿j￿ernb1¢ Thfo¥h th¢ cqtsblishcd Ti5k maftwr woc¢knf¢4 tht Govcrnon arc sab5fi¢d that thc ffmior ri5k% Idrntificd havc bcEn 1tkqui￿Y rniti¥atyi ￿ Ear as is PfttublypDAsibk. It is rE￿ that can ￿lY tCS5Dnabl4 bur lbsolutc. #SSuirtcc that tn4Df ftsks hxvt bttn Adewrdy MW. Kcy it5k¥ it1d￿￿' Any 5iwatyoA wbich would gi￿ iix ¢0 i yifiwtdethe in rol•Dd ¥rbwl r¢v¢nw5. iDthboKbvtnot limiitd to the Coronavirus Thc ofVAT CAC￿p￿0n FAu£U¢m. thtOuBh hatcVLY mthism The tctnoval of Chants￿¢ ￿lef fo¥ Business Rates 'Ihe fLYr￿val of ¢h&itaWe 5¢atrJs for sthoojs Incztasc in P¢nSioti t05ts nd/or Contribufions t￿lSlaUY£ (ithttwithiti tht FAI￿￿0￿ sel cdwi Statement of Di•clo8ure toAudithro &J far as the GoFemor5ate the￿ 15 ftordevantwxbt ififorrnation of7•hh thc C{KnP￿y'S au¢btOf5 arc urtawarc. and "njc GovcEnors tsktn 5tLP5 to h2vc trkcn ￿ Ditrttipt5 ￿ oztht LD llLkc th¢rnsdvc5 awarc trlCvanLa￿￿i mloThiDOn and ro tstxbli$h thal the Company's auditws Art aware of that informa Audito Moorc Kthgsion Smith IU h¥e ￿alL￿d theit wqbwess ofth ift the provisions of the C￿￿￿1¢$ A¢¢ii is thai tho"E¢ tt-•Fo0iowda￿b"￿￿s fot the engunz yeK. ThE StAtC8it Rwtq which fonns of the Afinu￿ Rk 4VtDFtd by tht GovtErKKS ￿ tktr <ip&ciry ** Dtrcctors ￿ co[np￿Yknw of Qv¢¢n5wod.Sth001. By Orderofthe Btwd IM1￿￿5¢jarf77.?DII1S-.]OG￿￿ Iarl Ivilliami acrk To the GDTern D￿e. Jan 27. 2021

QUEENSWOOD SCH(K)L LIMrrED INDEPENDEKfAlJD￿ok'S REPORTTO THE MEMBERS OF QUEENSWOOD SCHOOL IJMITED Opitiio Wc auditrd tht fin￿(]￿L 5fattmcnts OfQ￿en￿￿ Sthool JAMI￿ fof the year cndcd 31 Aw 2020 which ct>mprise thcGrt7￿ SratemwLt offJnAnual Acti￿11($. thc GtvUpandP2￿￿tChl￿tsblc Cumw? BalanccShL'Lts.thE Group C•sh Fiuw Stst£mcnr and notes to thc itTrduth8 a Surntnz4' OE pobac& The fmalloa] wroog frafftework that bas bcai #pph¢d in theix Wep3ra0￿ LS aptthabit IAW and linitcd Kingdom A£coun(In8 Stand￿¢￿. mcluthng f￿￿cla) Rcwrknig Stsndafd 102 Thc Fyn•ncd RcFWMg Siandard applicable in the UK Ud Rtpub&"c of lrtlnd (UnitLYI Kin8kn Gcnctally Acwtcd Accounmg Prxthxccl. vea tsw¢3d faitview oftht SlaEcof thc8w.sknd thcwt(bantab]c(otnpxny'saff¥ir5 aSXt31 Awt 2020 Ind of the m¢0M￿l$ afrd appli￿lDn of rt50urteK indukng its i￿ome and xpcnth'turE for thc thcn mdcd: Wec¢>nductedowau(4'tin a¢coxdw¢r with In￿Manor¢￿stafta3t&￿ AdiunR (UK) aSAs(UW) and 2pF&>blelaw. Our ryon5ibilitiCS those S￿￿rdS ife fwthef tht Awlitot'$ li¢spoDsibih"u¢s for tht of the statcmcnts 5c(ILIKI of our Wc yndcpcndtftt of thc Ihinfable cofflwy in xc¢ird3nc¢ ¥rith the ethjcai te9ULtLxnLmlS thar grt r¢k¥knt to Our I￿t of thc &)zntsal stxtrmcnts Jn thc UK ￿dUd￿ls thc rKc s Ethi(3] 5tsndard, and we hive fdfijled other cthicai x¢sp￿￿bihntt a<¢othn on tht fjnzncial 5txtcnicnts doc5 noLcover thcothcr ujformition the eitUJT otheMsetxpbcidy S￿red in rtpo¢¢ wt In cofinectyon 4ryth our the 5nkniual stt¢menry Our 15 to ￿ thc othcr 1nf0ffta￿n dDin8 So. (unaidor whcthcr thc othcr infornation ￿ Mif¢n￿lY inwn5lSt¢Tht ¥itth the financial $ur¢Jntt¢ts Of Out knDwi obTaiticd iti thc a￿￿t oth¢xTJL%c appcat5 tnathlty tmswtrd. If wc wjcntyfy sKh mi*NJ IiiconM$ieiKlCS or APP3f¢ilf ma￿111 missu[emen￿ to dcf£rfflknt whcd>cr tbcrt LS i matrtiil rn1sststcffl￿I thc fbi￿ciaT statem£fLU w a Matert￿ of thc othcT Inh￿1&11￿1?. If. bascd Dn thc work w¢ have wr that thetc tr￿1￿711 tDiSst￿¢ ofthis other infLbMu￿￿. we Irt ttqwrcd to rLPUrt that hcL Wc havc rcpDrtin this 14

QUEENSWOOD SCH(K)L LIMITED INDEPENDETr￿ AUDITORS REPORT TO THE MEMBERS OF QUEENSWOOD SCHOOL LThIITED OpuiOD¥ on other matttys prcKfibed by the Cxjwies Act IJJ our OPil(xJ. b￿a ¢)n the the toutse of the adr. thc i>)(om￿￿￿O yv¢n ￿ thc ststepc ¥w(od the tn￿t￿5. report for the &oanuJ) yw forwhith the &iJn(yal srawneDtr are pryxed ￿ consi5teot with th¢ 6n3n(iai statemefits: and the strareAÈC repM and thc tn￿l￿$. rtport have been weF4red in Jccw&nc¢ ¥phciblc I Io the ljgbt of the 3Ad uTrdEtstsnditiB of (otup￿Y and irs cnvJLDfimEllE obLwncd thc ÉIMllolthcautkLwchivcniiti(kntifitdmttrizl mi&MaTtments th the STtAtcwc tt[￿orthe1nJ$tCes. annua] rtpoll. W¢hiTe noth￿& ro ￿l￿10fth¢ following miknwhtrc thc Comwits Acl 2(bS It￿Irc% US to rcrx)rt to youic ow OPtiJi￿. thc Ihuitsblc coMp￿Y ktyi 14uatc and Suffi(nt aC¢I)IinDn8 fetsxd5. Ot teDJms fof ovr awhi have not bern reclivd from branch4￿ not y￿1£a by us. or the pawjt cknityb]e ￿y3 stsrtffl￿ts ￿ oot in ycTht with the x(CDunfmg SECOtds and we hav£ noi recetved ￿ tht )d U￿a￿a¥jon5 wc w¥re for our au(liL ReSpO￿lbIllIIeK of trUteeÈ As eyplwncd rnote hthy iti the WWTttS' resp￿sibIl)U ststemoii sei out OD P8¢ 5. the tnisf£es (who Are also thc d1￿Ctor¥ of the charitablc catsiio of that •Ae ftte ft¢)m tni5s#¢cfflm¢ wh¢thcr frywjor errof. Tn prcparnÈ thc s¢atEmcD4 thc tru5tccS lic ￿SP￿S1bk kn ASScSStn8 thc and puenT Ch￿¥b COfftWy'5 Abljty to Con￿￿¢ as apnt Cl￿¢¢￿. tbs¢low& as r￿ted ￿￿￿8(onccffl Ind using th¢ Cthltcrn basis of I￿O￿nting unlc55 thc I111%lct5 Uthcr ￿tcftd ID thc 8ro4> or pmt £hJYTblc i¢)rnpgnyor ID ccasc opcfAlionS. orhavL hu rca]LS¥C but ro do $0. Audiioel reBpon•ib1li(i￿ for the audic of thr (hr Dbjccuvcs arr rca50￿￿bk 155uwanCc knui ￿ther the 6nkn¢tal stat¢meDts as a whdc Afc frce frorn maicnil nusSitemerti whethcr due to fraud ot Lyrot, artd to issuc an iuditof's report that ￿[ludC5 our Opinjon. Rcasonibk 15 a h¥h kvcl of a$5uoArc, buf 15 not a wotcc that zn ionductcd in a((ordkncc with ISAS (UKI will akny5 dctcct 2 tn1fct1￿ rruSsfxttintDI whtn it cxists. Mi$suren￿[S ran alise ftom fraud or ctmr •Dd art COii$idct¢d Malett￿ il. ￿￿￿d￿lI1Y or iti 3WtEatc. they oyjld y¢as0￿1y be e¥pectcd ¢0 inflwrCC thc ecofiornic &(isions of users uken on ihe basis of these 6Daftcial 5Lqt¢fflULts. As Pxrt of fb au&T irt XCOr&ntt with ISA$ IUK) wc exticist and rnW¢tsin FwUf¢s￿Qnal XLiyfiosm throu8houi thc authL Wc Idthitify and the nsks of maternl mi&%tstemoii of the 6nancial statyncnts. rth¢thcf duc to Frnud or etEor. dc5y wform iu(ki teSTWStvc ¢0 th05t ti5k8 and autht Evidrncc that ts sufftieAt ¥md appro￿* to provide a fox our OW1OD. "Ihe tt5k of llot dttc(kn8 a tnatrEts] n>155tafcfflcnlro5Ldting from 15 knonc rcSUlt￿g trom crTOf.xS (raudmay involve ￿lluSion, fo¢sery. ￿tent￿l3] miYtprtS¢n￿wTr& or the ovemdc Ofirltem￿ ¢WLtrOI. Obt•in 8rt ￿&1$￿￿hn¢0fjnternJ1 uinthd f¢￿v￿t t¢J the a￿ltin ofder to desi￿ iutht proccdwes thatuc appro￿71¢¢ in thc circumstanccs. bui for thcpuryosts of¢xwEAn on the £ftKuvcness of thc wup and prent chantab]e cornwfs mteffl￿ ubntroL Is

QUEENSWWD SCHOOL LIMITED INDEPENDENT AUDITOR¥S REPORTTOTHE MEMBERS OF QUEENSWOOD SIYIOOL iJMITED EvJ44te th¢ appN4h7atth¢ss ofac<(yJniitiBwkn ￿ mdthcrcz5onzbknc55 of ￿CoUntIn8c￿rn&trl znd rEknttd ¢lisdoSUfe5rna& by the trU￿tt Conclud¢ on thc ppfwiitrncSS ofthc oftht pngconccm ofaccounting ￿d. bascd th) aU4ht tsidoiorpLttharttsblrwmpny Lorc￿1￿(0￿1t1Jur a 8Dts)8 Eduatctheove(tllpY¢sLUtM)n. ￿￿(￿nIr￿lt0f thc knanCE￿ sLif£mcfits.JnclLthgtheikKknur 3￿d whether the 6Th￿0•1 ttpfesaiT the tsd thAt athicvts ptr5cnts)on. ObtJin sufficient 9PFK¢￿Urt wJit ¢¥knte rtBzr&JR thr fM•nL21 of tht or bysiness activitics ￿thin exprt85 an opn100 on the CODsohdatrd 51atrThcDts. Wc rc5PODsINc fof the dtteCDOs).$UP¢rYiSiun sxYfotman(cof au&L W¢ soklyr¢p￿$Lb]e forour au¢lit Wc(Xt 1$ madc yoldy to the charttabkairnp￿y'j rne>TJE¢r4 as a body. Thith Chaprcf 3 oFPm 16 of the CrMp￿ts Aci 21¥J6. (hjr wotk bccD undcrtzken so that we )Tdght stAte chilTaNc compkny's tntrnlxv those malltrd which r4Tthrcd to Ststc tD thcm a￿ltorS and for no other pwwse.'l o thL fidlc5t cxtcnt ￿[ThI￿ed W. Izw. we th) not acc¢pi or ￿$￿ne re5[￿bi71ry to any pxrty othtr tht ¢hzrt(xblc company and chltttrbk conjpzny s rn(yn1￿ Is a I￿. (ot work. for this repo¢ or for thr DPinkn>5 WC have fot¢ned I core l￿￿j)Fo￿l Uf Dat¢ 29 January 2021 ShtvzJJL Kothkn (knu>rStsthtory A￿kn￿r) forgnd on beh￿f0( M(￿[¢ Kingstort LLP. Stywt(Ky A￿li¥j￿ Devortshttt Housc 60Gv5wcU Road ECIM 7AD 16

Qutttsswood School LI￿"(ed Con50]idated St%iement of Fthancial Activities {ts1dUdts￿ inc¢)me atsd exPeath"rU￿ account) the year ended 31s1 August 2020 Note Fwids 2019 INCOME FROM.. Donaty¢his gAd l¥acs 5U533 27J14 SSO.B47 431.691 School Ftts 10.OWJ45 10.080J45 10,693,498 151WI I51￿51 421356 T￿L$ll7)c￿ra lThvestmctit irrfrrf 4.6 176833 10.6W2 1SJ48 176 833 10937 198 11739613 EXPENDITURE ON: 75.443 75.443 151574 FuDdrgJsJD% fot volwitsry 75.443 75,443 152.574 Sthwl Movetnent on prOvi#Ort Exi¢ froffl 1ndCpcnd(￿[.%¢hQOL pensi￿ Sthwr 11 J25247 IK741) 11.325,247 148.7411 11.211159 11 351949 11301733 Nei I￿O￿tI(EXPendItW¢) befovegaios 1414.751} {376.7451 434.8K) {18.6311 08,6311 13.2)9) Nei ID¢wne/(Eyllai¢we) 1414,7511 19J75 {39&376) 431.661 NtlinovEmtut ID fun& (or thc 1414.7511 19.375 1395.3761 431.661 Fund bknir5 Xt I SLPtornbcr 2019 17981856 FUND BAiANCFS AI JIAUD￿l 2ty11 17 567 105 059 47 409 18434890 Al eaths and105se5 tecwised m the yur (¢ incI￿1Th the&atameDt of F￿9￿0￿1 A¢DviDe No ¢oa501idated or￿dI￿dU￿J COmFWiy profit XCOl￿¢S ￿￿¢ Ix¢o TWOrul3s theitUDS ID wthi thuse stJfflcnts ucincrypwicd ulro th¢ ststrr￿ni0f Acfivilbr Furthctdctails of tt¥tridLYJ knds aTrd ￿￿¢s￿l￿ed knd5 attgiven w ¢wc$ 20 •¥J 21. Th￿Cl$ no matLThI diff£m￿ Ettwctsi the wo61 or loss (rfdbiwxttvl￿bef0re aod thettrained wofii ot10ss for thr pr stzted iiThc aftd thcir hi$tsKid ¢051 eqiuY4knrs. 17

Consobdotrd Baknce Sheet #t 31st AuyLSt 2020 Note 2• 2019 FIXEDASSETS T￿81b]eas¥¢1s Tnv¢styn¢yty io 23.1802&5 354 23.504,771 375 $65 2JSJ4517 23,8￿,536 Stlxks tkbt<KS h at bjnk qndin hand 12 14 J6.373 YO,892 25.882 679,89) I 126674 894672 1,832,447 LLIBIUTIFS Cry(iitors'. Il¢nounts fAlkngthJe 7th￿) fAl¢ year 47 Nvf CURREKfASSEtS/(UABIUTtES) 2002 495 TOTAL ASSETS tESS CURftEKr LVABIUTIES 21P70.711 21,877,841 CREDITOR& fallintdut after more than olle pr (1774.9W) P.137.95ll 16 25 05 18 039Sl4 18 434 890 FUNDS OFTHE SCHOOL C￿lCa up sh￿¢ Rcstsicted fvod8 18 l9 47l4 453.034 rt5exve 1.O54.8 1,054.8 16 926 977 Gcncr21 TryfAL FUNDS 039.514 184548 Jan 27. 2021 Ar4)r1￿cd by th¢ Govrrn¢m and ￿thO[l5￿1 for iwjc ￿............................... d YEned on thutb¢ha]Fty. H. J. dÈ Sau5111arcz ...................................................._

Quttrtswocd School Linu"ied Balance Shttt at 31st August 2020 Nor¢ 2019 2019 FIXED ASSETS Tan8Jble355ety TfivesuDQ)ts 2J.504.771 i75 5GS 23.734.517 24.080.336 Stock Debtyrs tsh at bank artd iTh 12 14 36J73 310, 51653 25N2 614.719 818.&b2 1.459.463 C¢ethior5.' Amuuttts falh"n£ th thsn ont ytar lo.784￿5 afttr rnore thaff one ye Iscl 4.938) 13.137.951) 16 305 T(yfAL NET ASSEts 17753166 18148334 Fi(ND5 OF THE SCHOOL Callcd up ca Res¢ficted fimd8 18 19 23 453.034 471409 Reval￿￿￿]￿ ￿etv¢ l.1)54,856 16 225 878 1.054.856 16 640 421 ToTxi FMnd* 17 753 1(4> 18 148 334 1055 fur thc ￿ was £1395.168) PO19.. Pfofit £43123¥J Jan 27. 2021 Approved by the Governors ￿K1 Authotised for iSSUEOn.............. ................ and thcitbcha]fby. The zCcomsTranwn8 notes fofm yMrtof 6n2fia•l sliltment 19

Q￿Ul$Wood School Limited Consolthted Cash F]ow Statetncnt For tbe yeat ended 315t August 2020 19 21 PI0.183) 1.047J77 F￿¢d As5LL AddiDons Purchase of investsmoit5 Pr￿CE& (Tum 5zk 016xcd PracEc&s fr￿n salc ofthvutments mOvrn￿t in iiMStmcnt ￿¢￿thE TnvtXTment incotne 1287J66) {1.649.94 {11.60 34.634 19J71) 265 7.547 {2￿424) 11.655,550) olbotTDwln 1131(KJl) 1224.7431 (701ts07) 18lJ,9161 ttd equivakw at the swi ofthey 1.126.674 1,940.5 Ca•h and cath equi%xle•ts at the ed of the yea* 1 126674 Cash in knd at knk Ovcrdrnft faohry 519,407 1.126.674 1 126 674

Que•Jswood Sdwol lirnited Notes to the Fit)3llCi21 Stste[t￿its Foi the yeat eoded 31st Au8u512020 Compaoy infonnatioo The Quctnswood School titnifrd fthc Ch￿ty) ts hmitcd by shrt5 in &78]￿8nd The ry5tercd Ba816 of pttpaAtio Tht5c finan¢J31 itattynenty havr lrni ￿0rd￿J[C FTrS 1tr2 The Rep￿8s￿nd#td W"uble in the UKknd kcpubbt oflnknd- (FLS IW4 2nd th ttqthttmthts0(theCcry￿i¢5 Aa Thccharittblc Cofflpw ￿ its xpbbtbrnt6t Ery I￿22nd therefore the Ch•tiry 1150 cwcd its fin2B(izI 5tatCI]JL￿ts ￿ atcod)ct Ath theSuTr)nts)t of R¢commeD¢W14gctytt JprAJ'cablc w rhatitycs pwg their xcow)Ts in ac¢o¢dancc with the Fin￿0￿ Rcwrtlnisty￿Ud thc UK and RLpubli( of Tfcknd (Thc FLS 102 Chirity￿ SOKP). thc Act 2(￿. thc Ch￿¢￿5 Att 2011 CIMMticS ISCDd￿dj Re8ulation$ 2LYJ5 25 These finand statuynt5 on the (￿Ce￿ un&r thc hi&tvrtd toStt(JAvthuon as mtsjsficd by th¢ fCY31uation ofinvcstrncftts atcorikncc thc Act 2rbs nd appbable ￿COUnt￿lE 5tathtsds in th¢ Unitcd GoiftE Conccrn Thc havc zssc55ed whcthcrthc ue oEtht #oth%1¢ cveDts or con&tyorts thai m4hi usi doubt the ofthc aaritzbk wp to coTrlinuE ￿ i ￿1n8£1￿Ccrn. Thc wcrnots v¢ tmidc this ￿￿¢8￿M￿t for i ￿1)d 013t fvom thc d￿t ofapprOv￿ oltht Tn parti0￿ thc govttnots havt tim*dErcd and thallthgtd thc th*?￿b￿ VOup'5 ftheusrs **￿t￿c¢￿)08 induding rash flow4 puwl prw¢*uun$ Jod th¢ ofptt¥¢m% on fe¢ ujcomt. IVhd5t thc clon0m￿ oudoDk fLirA￿S uThicilzln wh￿h iould havc •n impctaTh hturc pwl numbErs and thc thbLyofthr Cow¢rttc th¢ th¢¢￿¢ M levels ¢ompw¥ble io F>reviOuS yaws, after mtknng ts4uines the derld tcvicw by the ￿tm4)rS a￿d thc on wgfflrd5UtL5 thg hzv¢ putin have lcd thcm irJ mnclwk that ther¢ ￿ i r¢agThblc c4YrytstK>D thjt thc Ih2rttxblc￿P ad￿￿1C rcsoiitccs to onliniir Jij OTtrAlionzi CA￿tL1]cC ar￿ mcctits ¢In￿trI8]i￿A￿1•¢s for th< IottsthiElc hjtyjxe Thc ch¥ttablew thcryfor The cthise&dAi¢d attttsntritsirtcory￿t¢ the fcsd4 •sxty j￿ hthliti¢s of (luc(￿¥￿0(￿l ijmttcd kndall oFLt8 fof thcyw. A XP￿ 51itertient of 6nanCi￿ for thc thzrtty IL￿{$5 noi prtsenicd because th¢th￿ry hAS 2dvantsge ofthc CXCrnPliull aff(th by PrJwh 304 of thc SORP and ￿l￿n 408 ofthe Cufftwic5 h(t. rec￿115¢￿ ifi thc SOFA. wh¢fe thc ch3rity noti6cd ofan (b5thTr>uU￿ nd th¢ amouni thtre is reasotsible ert3in¢y of ¢hc k8acy ffccav￿ li￿￿￿￿[& ￿t￿15Cd whcn thc (htitly iti¢urS i IcFal Dr consttucDve D Scbool fces F￿5 arc r¢i￿sed thc fur wh￿h thc 5c[v￿rIS FctintlK￿t 1$ sratcd afterd¢d￿lI1)E ailovaJKe h)Da￿tipS and uthcr tErnJ5otlS by thc 5dH￿L ￿￿)chSt ¢ontiibuuons recuved froffl Kestyiod FuDds f¢Jt Schlouship.1SutSaiic$ ¥tsd othLTryT> Donauons atc inclth in thL yL in which thry art ttttivcd gnd are induded as Thhire5ts7Cted fvn4Js" wheti itipdaie(L Th>rtitiMS r¢StTiCtedby thr sT￿6C ofthedthKYS Ire 1&kL￿ w-rutsithd t￿(b.- 21

Noffs to the Fwanoal Statanents Fot the year endtd 31st Awt 2020 (rontIn￿d) Resou¢ceG txpetsded RcsWfCCS CAT￿ded arexcrmted baw. Thcj" rt¢wtd WI￿ wkp) ob￿￿11( to pay fofcxpcllditurc. IS lpF￿￿1¢d ¢ocost b￿￿4 ort thr Lsumated xttnbuuyc to that ty ID the year. Theseuknixies ut bascd on 5txff lirnc or ￿ ftDof a5 Theirrcwv£oblc £I￿rnI0fvAT is induded with the itun of exptsise io which li G T&uti¢Mb Ulldcf Sectiufi 505 ¢Jf the lthctsm¢ T￿¢$ Act 1988 thc C￿￿Y LS CXCfflPt from Ccflzln tixe5. Full ￿[0￿￿t Is ai uxab]e Surrkn ro thtc¢)rnV￿Iy. H Twible &xed ￿ets All tan&blc fixcd a&scts hcld by thc chanty art for ch3rttsE4¢pwp>su id v¢ sho¥m ￿ thc Balance 5httr at cosi ks$ Ac¢knTrthitcd ￿¢t0￿0￿ and ¢¢unJulii¢d thbpairftstDt k)ssts. All thcts thzn £l.(MXl￿ those co5￿8 k5s arc written off Jn the )'eJr of wuiyiion fomi of b￿r￿￿<[L DcP[L￿￿on 1$ widcdon zll ￿n￿b[C &xLd tsscts dcuLitcd w writ¢off thec¢J5¢ Ovty thwexp¢¢tt4 wehjl tsvcs Is k4low> Pknt and mofi)r vthicles cthnpll￿r Eqwpmts)t 2 and 5 Ye￿ Pr￿4￿dIa￿d and zrc func11￿3) z55ets and arc there￿ sh(>wn it(￿L Th¢r value ￿ miint•ined by * prwme ofrw7Ad renonufm th¢ ￿￿e is ￿b$￿￿lUY kss than tht p[tkthr￿l￿e for in5Lr￿ce ofawately Listcd thvcSlmcTrts arc $1zlcdatTrthctT￿uC atywen¢L Thc SOFil id th)rt￿S¢d 8tiis losscs arisitbg the ¢evIl￿nI￿ ofthc the year. TTJfc5¢3 in ¥ub¥iiliarys. 95SIKi3res ¢(ffjudkd th)Itu¢s artiLiuaDJ" mc&%wLxI itcost Jnd sub54ucndymcasured it C05t kss any itcutrdatcd LmpJinnEnt10&sc5. The mvc5thJcnts ar Jwsed for￿1 ts eath tLPJVi>)E daw 2nd Iny im￿lE[ntrtE knses ot f¢VUSglsofiry￿￿l IDSS¢S afc Itto￿ls￿d immtthdy th thc SOFA. Stocks Irt f4#]u￿ ￿ thc iowttof ¢oSt nd n¢tryylisallc v L¢a6eS Ass¢v held ￿lcr fmance ILMS¢S.whJth ar¢ Icwwhcye thc frwards of owrncrJhy ofthc wct hivc rsstd to thc vw. 2nd httE ptha5¢ rontt¥ty UC in & bthfitt shttt and art dcprtuattd ovcr thE $hortcr ofthc kase rem) and the asstrfs useful lives. A •din8]iilxlity for thclowy ofthe hir vliucof thcltysed assct qnd the prex￿t ￿ll£ ofth¢ rrllnwnum FAyTllLnts in thc bkncc 5hccr. tXJSC 4wrtioned botween thc rcductiyn ofthe knc li3bits¢y fiD3nce ch4fKQ% ￿ the SttC7))LYt io xchi¢¥c a ton$Eznt ratc of IntcrE8t thc re>))1iningb￿afi¢c uf thchzlxbry. Rentsls wldef ￿￿￿tIn8 lew inclu&ig any Icuc tt¢eivC￿ ue chayd io thc SOFA IKL x 51TrWitJIncb￿1s ovcr thc tcrm of thc rclcvznr wtwhcrc 2noth¢r ffl￿¢ ry5r074￿ kni3 is mLYe (¢pttstsitaiive octhc lime pt(crn i which tton(x)uc bctfiss thc ir￿£ ￿tE EC

Note5 to the FiDallcAai Statemcnts Fot the yeat ended 31sE August 2020 (continued) FitiAtitial Atsets Th£ Cowy has to jpply tbc FKQYJriWS of Stction 11 Itsd Seclloti 12 Y)thet Ftsxo Tn8trumtDts Is5ucS' of 102 LD U of its fthznozl inStrw¥n ODtrxt￿l ofthe itistrurn￿t Fm3aiog1 assets liaixlitye5 ate offst4 with theJy¢t2ttKxJllts PESenfEdiD tlie 6DaDciJ] 5tttrtnctsts. wbth thete is a WY cnforccabk fight ro stt off thc wi5cd￿wuntl ￿ thur Dn anet to Y¢aJis¢ the Issei and sL.tdc thc babth.ry lns2ctt￿ pi¢e ind￿til8 ttartsjcuon cosu aftd (e caf£d at cost ustnE the cfftcttvc intcrtSt unless the afQn￿¢￿bt • fhiancmE tranSacty(￿ whtre thc [l￿s￿tiOn u fflELfjutrd at thE pfrscnt vaiur of the fiJ(htre tECcSPts tnldtct Trtc oEinfcrc£L Othtr rtnn(l￿ cknfied $ fr thYouRh rKo6T or kn Aw ffta5ured ai faIt￿U¢. Tradc (kbt0¢5. ioaL5 id othtrrtwthle5 th￿have 6xed or thJt3ry notquorcd in 20 atlivc fflzrkct dJsJifiLd and recovalts,. iDJns 3nd [c(n￿b￿S arc rnra5Utrd ai 3rn0lli5cd cosf uSJn8 thc cfEc¢llVrirtlcTL mcthu4 ks any InttrL¥t ts rtcwiscd by I￿1)1￿8 tht tfftCDV¢ ￿1(¥¢$1 Yatt, exuy for shoa.term (LfLxvJNes wheo the rccobrnilion of illtcir51 would be MzmJrLteriai. The effective fflethod is a method ofdcdatifi8 thrzmotficd Cost of * ddjt wstnth)tht >d of xllocitjng thc Intctix Incornc ovcr thc Thc tfftcu¥e Ntt 1$ the rntc that c¥acdi' thyowjts wtyrn•¢cd fiJDJtc cash (¢th￿ cntiiy. M Financi￿ h"abiliti BASIC 6n9n0￿ I1#b￿lueS iniua]ty DXSUfU] #i tNns•ctyon [￿￿1¢$5 th¢ •rt¥npmi ¢¢)[￿ty￿t¢S 1 6n3n{j￿ ttanSzUlIJn. whcte the d￿¢ ill51nyiJefiti¥ tr￿5￿[￿ it the v31ue of fitture rc(apts disr￿j￿rEd at a taic olititLYcSL Othet finan031 hibibiiEY &55t6cd 15 tltr Tniuc through profil or ID55 ar ([ valuc. Other f￿￿(JaI JiabiJi(iEs Oth<t finanoaj habihiics, 91¢ itsitilny mc8swtd at f•ir fterof atth)fDsed cost ￿ the eflectsve ￿terestmeth￿ mltre5t ￿t￿bEc40Th ￿ L(&rtivc wddbams The eff￿Ctiv£ lutcrcstmcth￿l is an]cthod Df i￿# thcathotTiStd cost oFa k#FAliryand of Jllocat2DFinttYes1 eXpL￿se OW¢t the r£l¢vant ￿lOd. The eifc¢tive Ditue5t rnre ￿ the fate ezKTly ¢th$C￿ts estirn/t<d hturc ash pa￿EntS thtough the expected life ofthe liablity w th¢ inÈDal Financyll blknbiics att defecwixd qnd rmly wlw thccry's ob&Kati￿$ arcthsthar8c& or thry cxprr.

Note5 to rhe Financi￿ Ststeo)ents For the year ended 31st August 2020 {contiDued) N Ethployee bezlefity lkne costs ofsholl.ttttr• Is z halhty zlld ZD O Rety¢ert)tot bcotfit8 Thc Group (￿￿tn1￿￿EeS to theT¢thers Pen5iw.Sthune fortexhbiKsuff. this isa dtfth￿ tiltfi7 tthSiDn. Forth(￿.[¢#(h￿g siaff thc GTUUP lOlltnbuir5 to Fncnd5 tifc anoth¢r 5¢hcmt run by lTh¢ Push)n5 b)th uf these dL.fbicd coniributy¢Ji s¢hcrncs. Th¢ tor thtsc xh¢mtS h￿d￿dr￿dEnt1Y ofthc Group'5 hJn&¥. In ￿£￿Ida￿￿￿]th FRS 102 2B.40.1 thcw4) acrowits for thL¥e ￿hly￿L% a5 de6ncd scb¢mcs. Sccnott 24 for fidl dttil& tkng thc yc9t thc GiTrLp r[￿dE x SC(ti(￿ 75 payTh￿r to the IndEp￿t School PLyJsK￿.$ch￿n¢2nd￿￿r tsxif olfvwte ttlatcd b•iNJityo% SOFIl Fxji frm Ihdcpthdeni Sdth PL￿$10￿ SthL7nc'. In the 2pphcrLEW of the <omparty'$ ac¢wrtufig thc ryitEd Eo make Iw¢￿18 csttrni￿ AS•$ ut thc ￿￿O￿lt￿fI5xts and liabthtr5 that yx)t TL&ty apP￿t fTUm othcr 50urros. Thc c5¢iiTiair5 and z550tiitcd SthnPUOti$ art bjstd btstfwI Jnd ¢)thcr &¢tors that Jxe COOYLkYLYJ to bc rclcv•mi. Actrjgj may thffcr thc uj whith the eStyna￿ 1$ ifthc aFFcUS ￿lY Or th thc of thc rcvision •nd fubJre rtttsJs ilthc xffc(ts turrffjt futwe 'Th¢ tsumatrs and assump￿￿$ whith havc x stii6cni ll¥k 4"WtsncTh¢ ty thc 3mOknlt 0f￿e¢S d b￿All￿cS ouilin£d b¢low. Thc anoual thafge for pro￿. pkniJd qioFxzllt is gcDSlive to thc c5tyrn1tsxI Lwful cconorobc lives d rc5duai valuos 0fth￿￿￿et￿"Ike u¥hJ ctwr)mic bves and art t￿￿%$￿ nnu¥. 2mtndcd wh¢ phyycal con(b"tw of the assets Piovi•iolls Dthcr dcbtors. i￿￿acr5 f¥rory ￿d￿d￿l¥ thccLWtoit ￿￿¢ AthiR of the dthot. thc ￿￿4P￿￿k ofdebtots and h￿t0￿ClI cxptiitsi<¢ Sec 14 fow the rt¢t CiT)￿S iziounEofthc (kbtry 24

Notes to tht Fuwicial Ststcrncnts Foi the ye8r ended 31st Awt 2020 IconiiD4d) 1119 School Ftts Gruss ftts Cost5 of fiKEds co￿0 19 Tod but5ane& srhoknbips artd 8rknts Other discounts 11640.962 11235.516 0,13q856) 11.150.371) 11290,379) 1560.61 10.080 345 018 10 693 498 Tn ioNJ 129 (￿1>. 13n ￿PaS some forffl of ftiiiC1￿ 9SSist￿ tov¥& fe 2019 Ufticstirted fijnds rc(uvcd Rcstrictcd rca#vcd lllr(KnC 424.285 27.314 431.691 Other Incon 19 Other ]D£Omi￿ 71872 83.917 Othcr 179877 2019 Intcrtst OL (tsh dcp[￿. Other yntetesi l¢¢Jln¢fédFwR& On investynen 1.877 10.692 ￿191 2•YJ 21n9 Group (brcct ch￿1131 incldr Dcp¢£cution Profit/ (iA)S5) oftsttwTrAt fi￿la￿Lts Audttors. lfiet ofVAI).' For audit- Sthwi . Erlic￿lIs Fot OthCtx￿iccs fA)&992 3)1 617330 5.962 16.020 4.125 6.128 13. 1425

Notes to the Financial St¥temtnts For the year ended 31st Awt 2020 (cootinued) 2019 The vcy ofFKrS(m5 cmployd lry they0￿ the yC2r Gjsty of hthids . Full lime 54 .Ful]w . Prt tirnr IFfE) 54 50 The nwnlxrof$tAffomF4oyed kn8the)twts 245 (201ty. 240 xs 2019 Stxtf ¢oSts dwtn8 thrw. 6J03.(h59 20.518 596.557 6,272.7( 28.598 604,431 828.892 RCd￿nd￿fj coSI¥ .knal se￿￿ty a)sts PEnSN)D costs 7.961.l15 7.734.687 TrJblm& hea]th & xfcry. 64.120 148.7411 75.913 166,( Tetsl sta￿8<0$[$ 7.976 494 cl Employtt COÉ Thr pwd efflTknycu 2019 £￿.￿)1 - £70.¢XK) no.(￿1. £px).r £IIO.LThJI - Pcfflsion contyibw>onF to £89320 (2019. £5553S) tsfivr (1)1￿. fw) h￿CyP￿d crnplw No G()V¢rnlJt5 r¢yyvcd in thc y¢ar)20 POIfy. nil) and Gt)VEffiQfS￿ r￿¢ in¢ludcd in thcnurnbtt 0(￿￿tI% cmpl￿rd￿ ab￿. No Governors wue rtbnbutscd cxpTh%c5 IA 2020(2019. Ihc Govcrnor teimE￿scd CXFtsScS of D251. Kry mIll2￿L￿t wsrmllcl ￿dUdC thc G¢weniKs Jnd th¢ seni(br txtcuDves ate up r)Ethe P[1titip￿. thc Bu¢Ar and thc tkpury H¢ad& Ihc thTal IxTrcfits rctcivcd lry ￿ent pry$￿￿¢1 werc £565,308 POI>. £506,41ry. Four Merni￿ry ofthe kev rI￿ne] rKOVwlcd With Ercc2ttomfflo&tion in ordcr to t￿b[c thtm to￿]d￿Trake wfic fvthe sth0011201g. fowl

Q￿ensw￿ba Sch￿1 lirnited Notes to the Fmancial Siaternents Foi th¢ year eoded 315t Augu51 2020 IcontitLued) kn•tyTi6 ofTotsl (incl 75,443 75,443 FuDthi5￿g f0fv0h￿tsry te50urtts Cbaritable Actsvities Educatstyi boaythn Wclt3fC PLrmises red￿010[Y 5.196ffi18 639.765 510.693 3)4916 1.415.049 54.194 46J.866 3Y).1O9 l.W7,486 33x532 513.405 34,622 660.484 978,874 2,124,171 544.448 1,928,454 88.816 605 Gt)vernancc cissts Movem¢rti m ptowon 148.7411 (447411 l) JS1 949 Iwarntive) 2019 151574 151574 Fund￿$￿& forvolthitsry FAU￿￿0￿ *Md Wdfate 1.732 691.899 Y9.fF)I 160,874 1291220 51784 621.112 4(P).779 I.I45J04 199.161 390.775 681 .101.678 1311,825 ¥rf).D3i 1.681.9)5 79,782 617.110 Ted￿OlogY Ad¢nin15triDon c￿ts Governance ct)Jts 166.rm) Exir fmtn IndcwtsrSch￿A PeThsion 11)04733 27

Notes to the Fin¥nd Sutements For the ended 3151 Au8usi 2020 (continued) Fttaold IAtsd Pknt and Group Mxor ts funds At 31si Aw20I9 Addition$ TNn5frrS 21166255 5.857 3.4W41 31.893 9W750 194.746 420.642 54.87 27.011.8 287.366 641 At 31st Avgwi 2020 17 1J2 14 %2 1 18172J 27 236613 At 31st AuRUSt 2019 Chw for the y 1771418 349.854 484J76 250J23 187.124 69.014 1507.117 605.992 r31$t Auwt 2020 IFJI IIX) 671 Nei BookVaht Ai 3151 Au￿r X)20 17 15 510 223 ￿c￿l) 23 180 Ai 31t Au8uStI)19 a166255 663.823 170 Asscts under con$twction (thr¢ to thtEtDJddcw and othct wfe55i(xtsJ costs for Quccnwwd Hall. lThcre Is A 6xtd chatF the b4nk ovc the l￿d artd bJil&18S ts)cludcd aknc. lficluded the of Pkni Ithd FAp4MncnLoE£345.862 is £155559 rcknling to a$5ets held Comwy Eqwi FithD4• Vehid Totsl Co•t rrtVIU￿m￿ At 315tAugwt 2019 Adthuons Tran5ftts thsptrsals 21166255 s￿57 1408.0 31.893 986,977 420 194,746 54.870 26.981.924 287J66 32 At 31x August2￿20 17 IIZ 3436962 1 18172J 27236.613 At 31st AugusT 2019 ch￿ f(xtht y l)wais 1744.227 349.854 981 48¥rf)J 250323 187.124 69.014 75 3,477,153 At 31sr Auptst 2020 CV)1.IIM) 295 Ntt Bth)kV* At31sr Ayt 302 2117lllZ 150 At 31st Ayt2O19 74 170 19 23 504 771

Queensw<K)d sch1￿ limited Notes to th¢ Fxaao(ial stat£￿ethts For the ycai ended 31st A￿￿ts1 2020 (contin Twblt FIxedA￿eth (con(iDutd) Freehold Ji or val￿￿ iDthth £1395.42l at 31t Mtth 1979 [tv1￿ on tht basis Of rt.itiS￿tÉ￿n1 cost ICSS zllDWZllCC fDr ¥ zftcr tsbiti8 aCti￿t of Sub4uth)i dist￿8] In accoknce wryth FRS J02. th$$v￿￿00Th has bec trcaied Is an htstotic cosEgs at the dtCofcothv<rt￿. Theb￿1￿&￿ havcbthi iThsued thi •&rhred of£81,387,337PO19.. 8.863.6991 hL4 I￿¢￿ idrniifieti Hall. 11 FixtdAwt InvEifiiieiil Listed Uakned L4sd Totyl AS It 1 S¢ptcmlxr 2019 Ad&uon$ thsposlA ptix¢cds O¢)sxsI th) ti)v¢stiwts 373J2 373,320 22.640 134.6341 631 573J20 21640 134.6341 IY.6341 63) As fLt 31 Awt 2)X) Y1695 341695 541695 Cash hdd ¥ 1nvc51m￿ty 11.616 11.616 354J11 iKK) 354 311 554 311 Fi¥cd Aosel lavutmeD fed Urdi6Ttd Tothi 1ov¢8tyDellty ITlVtSliDeDty 1Dirslmcn A5 Ir l &F￿tser2018 Addswtis 3702 11,60¢ (52651 370￿) 11. {52651 570.200 11,604 15.265) 3.219 UnfeaJk%edEain5 Ort irtvtstsiithits As Al 31 2019 373JXI 373J20 573.320 Cash hdda5 investyn¢n¢s 1245 1245 1245 375 575.565 308.381 326.925 Thc tDllowiii8 iiJvcslinThts ClMIP15riii ara5 Df 5%oFthc of thrpxrfth.. Quottd Irtvtimtttts V1h￿ @ 3151 Aug ￿20 F￿d1Y Pad¢ Funds Pk c9p1￿ Fwi¢b $4uola Ewnorn￿ Tff [T￿t Tnc Fd t 21034 31,696 2&852 29

Quee1￿￿￿￿ School litnited Nores to ihe Fiti%ncial Staternent5 For the year uided 31ST August 2020 {coniinue Fu¢edAA•ei Jovuknttsts (cotttititsed) Éts Nahirt Df b￿Ille ManyLILf of thc iclling of()JCcnsW￿mI 5chwl Lrfs faabti¢s toextLYnal ditrits. "Ib¢ ¥yJowtofcarAtyI te5exvts )d thc ￿j[tr of this thttzknng forthebs¢r&vant were [dJo￿%." Duting thc )ut Qu￿0￿￿Chool limiid LYd& rr￿l￿t[C(h￿ of£lLhS.02312019.. £185.737) to Quccn.Swood EntrrpEW. [Jmi￿d ￿ fUFtttoE faobtyu afjd suff cosTs. hl$o duntsg th¢ ytsr QucrnSw(x)d EntctpnpLs madE lid (b5wbutioti of £0 (2019.. £84.63ZJ ￿ Quccnswood khaoi LitDitr& Al the shcetdAte Q￿l￿¥00a SchoDI Limited owrd ErLterr￿s IAmiid U291 (2019 D70MIT). Swc 20 Goryjs for rc¥4e Z019 Offina￿l￿ a65et% 475 498 Measuwj Ai Amornscd cosi 14 Gro 2019 rhtt wlthin wc yw. 5216 553) 53.087 133.668 671.835 (249.8561 101031 145.539 4342 521690 P6l55Jl 24,603 131140 677.835 1249,8561 47.519 137.278 1.943 ProM510n for doubtfi￿ Trtdc dLknrS pTCFd￿Cftts wd accojcd i)Kf￿ne 'ru & SD(ial Sccutiry 079 310 614719

Qucensw(KMI School Iimitcd Note5 to Fmanci31 Ststcmcnts For the ytsr ended 31st Awt 2020 Ciediwt 20 2ffl9 527 819 13Q721 1.934.486 74.Bft6 214,539 94yO 137.230 139.452 IOIM7 480J90 425.013 J98 111232 220.OTrJ 527.819 129.764 1.934.486 74.886 214.539 480,390 399,082 2J50J98 112.232 220.(YJO Trade c¢e(btors School fees N adv¥M H￿C wch3sc Ind fin￿r£ ixzxcs Bgnk IOA 137,230 131038 101.667 1291 Othtr¢¢ediror5 Accry￿S and deferred incom¢ 71,810 1Y,801 97.741 118.484 170.187 VAT pyabk 478 3 834942 350.1 3948514 2019 De(e¢rcd incomcbtwhi [oThy￿d RCI￿a5¢dIn y 13S)J98 1048.681 (X550J98J (ZI)￿68]) 070 2,350,398 I048.68l I1350.39￿ I2jM8￿81l 070 350 398 Thc dL.fcrrcd tncornt ba]¥Kc ErkntCS tofunittrn(￿ rt<ci¥din Tt4xttoFScl￿] fett to¢ c) (alli4 dueftht thatt 119 .Schwl fees dw5its hiK)I B￿k iA 1.493,328 1070.226 1.834,127 128.987 S524￿)8 I.?￿.11? I3￿)98 1961.667 228.779 6Jfyl.971 1.493J28 1070.226 1.834.127 128.987 ￿779 5.526.668 Q3W.971 1.760.127 1350.398 Sthoul fco5 dCP￿tits hooj fcc5 irt adwantt k IAWJ 27.819) {480J90) 0.934.486) I2)￿￿9&) 1527.819) 1480.39UI 11.934.486) IL350.59 P14.539) 751.730) P.163.02U) 751,730) 13.103.01 3137951 2 774 938 3 137 951 lljc sdHK)I ha5 a 10 yw flexibk faality stwtmg ￿ Juty 2018 ￿ayb1¢Th monthly intrc¢strtic rjf 1.95Y• Jnnutn over tbe Iwe t¥¢ The and Itts ID mDJrtas tolknrn" With1n ofit y¢af s￿.819 743.521 5ri.819 743.521 480.390 1.042.137 .041137 Aft( fivcye2zS WLthtsi onc yeat Rotw¢eD Iwo five yeary AftLY fiv¢ yrdts 214.539 936.170 214.539 936.170 683 418 720,00 880.000 880.IKKJ 31

Quecusw 30S( 741 371,1 2259 30%1XX> 2259 JOs.ofK) The schthA rciylSc5 £2%.259 (2019. £305.(W of￿57￿ ￿ on Bjknce Shttt tn rdation to the dwd scherne. Tht.8chooi occsionJlly uses fioancelases thid hi(¢ pwchasecthitsxts w WLt ￿￿1[alld mathinary. FulJJzriiiini1num IEa5e cnts dur financc IC￿C& and Hw¢ Pwth*g¢ Amounts pay4bl Within unt ycv To ro￿ 10 fivc yeaES 74.816 112,232 3 141 769 141.769 254.001 782 228 779 18 Shart ca￿￿1 AJlo¢tcd 6JllYF￿. 25 tsovcrnors. sharcs of D cKh 23 23 32

Notes to the fuJancLqI stsiernents Fot rbt Yet •idtd 31stAu8ust 2020 19 Allo¢atioo of the LlatityNetAosets Nci Fi¥td Thcort155cts arc bdd for thc YLiouS tuLds as fdlu 3YJ11 471409 Uottstrithd fuzLdÉ: 463 354 n4.93 18 157.612 At 3ts¢ At3Jsi Aw6t Ib19 Rt60Wf UnYestiicTed.. 23 16.511226 1.054.856 471409 G￿¢¢91 16.926,977 1.054,856 453.034 10.937.1 U1 J51.94Y) Re5thCTed ttSCThCS (lQ6JJl 6Ji l8 039 514 J1$1 At 3hi Aug￿1 CompaDy 119 Callcd up Sh￿ uptal 16.(AO.421 1.054.856 453.034 lQ161.96J DI2765￿) ior25.87B l.D54.8% 471409 RcstttcLrd 11&631} 18148334 10899969 11 276 631 17 753 1( 33

Nores (o the Financlal Statement$ For the yut ended 3151 2020 (coniinw&) 21 RtBtsxcttd MovrmcD bAtsd8wls' eduCDon in QuttnSwoDd SchiK>l iimithl Ind Scr￿Ide for d¢vdow￿l Ar 1sr At3l Tra¢￿f￿6 Awt 2020 Cusis of8ukntinB fun 2019 Gatns Pnxcs. 5¢ho]arships and ButSi 314 10.692 110,8 358,682 847 364621 2.847 11&631) OthLY 47 Flandw Tnjst D¢d Ihe Hrtdoo Gi(T fi)ds a BwJhich i% intrrmkd loap￿d thc visitm of s(h(d and txpoBurc f 5ts2dcnts tu divcrsiry and ¢liEfetcnc¢ OthLY rt¥tsict£d of£27J14{2019 £7,4C) vA7r ￿(t￿r￿ Jn thc ￿ for Bur￿￿￿￿& tow￿& ChxFkn Up￿{￿.￿￿. 2019 (Ou￿)1[￿110S Owxtin¥Acfivilitg NciincowYe60urce5 for thej'ut todate (39%3761 431.661 Aiuifinents for. Intrre5t receivcd Gains Im thvcStrnLTLr tA>55llprofitl on <tispS￿ vf 6xcd asscts T)cpr¢othm IM￿r￿￿t ofttnwblt &xtdsts IncT¢te/ldttrc&St) In Pth51(xJs DE(r￿Cl￿nCrWCI irLdthtory rncycase/ldecre￿c} in crtaiors CrÈL%cl/dECrEase Ill 114,th59) 18,&31 1&3111 (A)S,W2 {48,741) 33&999 (798,816) 111191) 3.219 28.054 617,229 i(￿.0[M)) 12Q6741 73,173 3ID.18 104? 3?? xlt 315t Awst 2020 the Yo￿h8$ CCfftTrDTnTS (vcra￿skI$ts ￿ foll¢JwS.' 2019 Equipment 51341 57.147 109.488 53.778 117999 17) 777 Betweea two •Ad 6vc yea

Queensw(M)d SclLooI Limited Notes to the FADattcial Staterncnts For year ended 315t August 2020 (¢onIiti￿dj Tta¢bitt# stsff Thr Srhool paroopatcs in thcTeachu.4' Pcfiyon ￿l￿e fthcTPSI fy1ts rcackng 5tsff. Thc for thc cludts CODrrtbutt￿￿ pyabk to th¢1￿ of 063.762 (￿19.. £549.678) tA xt thc ytt.thd £m"I P019. £ts11) was accnJ¢d "Ihc'l?8 li wJfiJnd¢d rnuiti<ryioytrdt6ncd ixne6rs ysion xbell￿ 8ovwned lry lurhct3' Schcmc R4dauons 2014. Memkn C¢XJtsthutr oth a"PAy 15 ythI￿- ¢OnttibJUOrt% (Tom mtmkns knd tht tmployLY bciti% credircd to tht ExthLNUtt. Re￿£m￿lI and beKfits are p￿d by [￿¢ bi. Padiamtyir. The crntknyet coThuibuThott tttris stLby thtS¢tstw of Sitt fd¢hiti8sthtmt Ahdoons by the GOVc￿Ment Acttury'5 D¢pi¢tsikniL lThe mosi receoi ac￿￿￿]1 valwtyon ofthe px¢puedJs •t 31 M￿ch 2016 the V￿￿1￿0￿ R¢potE which wjs pthhcd tn March 2019. thir thc 4Thplow forthc TPS would mcfc￿C from 16.4°h 10 23.6¥4 Ir(wn I 2Q19. Eryknts atc z150 ryitstrd ￿ py a 5thtmtath)iniHAUOn kvy ofO.08%yvits8 a tod emploj¢i<onTMbuli¢Jti fdtt of 23.68/ 'Ihc 31 M¥<h 2016 V￿￿11t)rt PrtP￿d tht (mtiti the 5<hcmc rc8ulaiions and Idcr the sp¢oficd in thc Du¢ctyms. •s they •robed at 5 Marth 2019. However, the gssumptyonswcrt conw(kYed and by thi DCP￿tt￿t for EducatMMI ￿or to thr rulmgm thL c35r'. Thig rLyuircd thc Pensio0 (h 27]unc 2019 the C¢)wt thc to Jrfjyjl th¢ Cwrt of A￿￿.5 pidwent that TttnSitiena] pl0￿S1onS thtroductd to thc ￿fOrmed Fthsioti schLincSth 2015 #s¢ to un]awfu] w d1stiimitia￿0rt. Thc ¢rnment ￿ ttspectsig the Col￿.$ and h4$ jwdii %ryth the well as ploycr ￿aT￿tMb￿r Wtstivcs to thcd15ciimmats￿1 Vjill & rtrnuhuL A wa5 iaunchcd by th p)yL￿￿c￿E 16 Jtsly 2020. atsd dosed toltsF￿￿IStS on 11 O¢tobcr The"rps is SU￿¢Cl ￿ A cost cap mtthanism Whith w&%pJlin plact Loptotett uxpxy(7S a89inst unfort5Ctn ir• scherne ({Ks￿'The Chief%tryetary to tht1itssw, hivingin thit thcrewdd bc i rCy￿ ofthi& coBfup mcthzWSn4 th Jafiuzry 2019 anftounccd a pu5C to thc followmg thc of Asy31's thc Mcooudlswt unul thtye 1$ ¢etwrty the ￿ of￿$L￿$ to ernpl￿￿ ftwn Apnl 2015 (Mlwafds. Th pausc w¥5 bftcd inJuiy 2020 And the s￿￿tr￿enti5 ro ctyThpicre thc c05t crnw) ro ob) $uffitict)i thfDtmili(m tD cnaTrlc it to ac(Dunt for dlt sdtctnc IS i &hcd I￿nefi1 ThucFDtc It xccuumts lot the hcmt ¥ a de&￿d contribufx￿ 5chtm Thc$thctn¢ Li ro the fi￿(kn1 (xubncdin Act2ryM (yrnr I￿¢ Dts YJ DffaDt 2W5. This. tO8ethLYMth &umth)rs iSSTxd by the PL7)SiL￿5 Re8uhkn zhdTcthtiid Actu1￿ Sfahdatds imucd by thc Fittartcl￿ Repottyngcound. sct oui the knbi8 (kfbied occupati￿7 PU¢YthI XhclT￿ in the UK. The Sch¢￿ is thssified ¥$ 3 $tyJibD89rtJo8￿c￿¢..IkntsC ¢hc cwpJoyis ￿￿n￿lIty )￿b￿ foroth I￿￿(1P￿TIng￿n￿￿ycrs. Obb￿li0￿S if tho&c C￿￿OyC￿ Eu ffleet thclr shzreof thcSchErnc f(kning withdrwal In)m the schcrnL Pa¢ty(1￿￿tts th￿110yeT$ art k8￿lY willrcd (Orr￿cE thiirshaTr olth¢ sthemt dE6uto￿ wjnuity F￿hase b￿$ on ￿thdraw•J the xh(il) 35

Notes to the Financ￿ Statettxents Foz the yut ended 31st August 2020 (Contm￿d> . 24 Prubl(￿ Costs (<oAt) A fiJl acfuzThai for thc rarxtedouri 30 Scpturtbc 2017. This uluation showed &%sets uf£794.9m. li1￿11￿¢$ olD2(.4rts xdc6<ii of £131.kn. To clJtDyr&te fi￿(￿ngshOrt￿1. theTtusrtt hAs ￿k￿d the D¢fitit Ff(w l A￿1 2016 w 305¢r￿)￿ )J2& LII243.IXIJ petanotsm (ptyJE4c Th￿￿thlY and irKze￿SbY JY•tath 00 1st UDIc$5 a conce￿￿ has wttd•ith theTn￿1tt tht r£rm ￿ Jl a)2) 4￿"£ Nott that thc s(hcmr'5 rjnicd with w effc<iive &teof 30 S¢ptwkn 2014."11￿$ ￿￿8¢1￿ 5howcd ts of£F93.rf of£969.9m and a dcfiut0f£176.5￿L To diminxtc £horthll. thc Tfuttc has zthcd th pxrtitipzting ￿loYC[S topyid¢lil￿ contributy(w to the suUapMigotyADycr m tharc51imafcd sharcof thc 1 Jd Scsies 2 xhune lialAk'uu. WI￿re the schuneis tn &6ai¥id ￿kn￿ the (C•Trp￿￿haS ayttd &6c¢i tht (Ornwy TCCO￿tr￿8 x li3bthry for thIs obhpts(xJ."fhc arn¢)unt is th¢ p(u¢ni vJ]ue of th¢ de6ui cUn￿lbu￿￿fiS undcr thc apwci that￿Ett TO the dtficiL Thcwcscnt vzh¥ ty drukntsxl w thc (hKow¢ thcscdisclos(wc&. The win&ftgof thediscount recwtyed as a &iaDce C￿￿l 31 JIAw￿l 2019 31 Ayt Px¢￿1 Vajues of Prt)￿l 371.IDJ endedji Autusi ye￿ eDded31 20t9 at start oftheyttr ￿￿DdIng ofthc ￿￿O￿￿t f*uor(mruc4 Defiat contribuuon J?I,iy 6.oc Lo(xr) 6,0 154.1941 342 4Jl ProvI¥L(￿ itth¢ rnd of th¢ 36

QuttnswrK￿ School Limiied Notes to the Fltswc￿l StatenKnis Fot the year ettded 31st August 2020 (cottlitt￿) 24 PettGioL CoGrA Ytat ended 31 Yew erLded JI Aygu5t2019 Tnitttst CAT￿￿C Rcffleaswernents- impact of any thange ￿ 2ysumpJthis 1682 AOC 16.( 126,r 431 CoDtyibutyon5 Fsud io ryecrof suvjc cludes defirttd COYJttItrx￿0ti Sthcmts tufutc Sct¥i£ctotttribuliutiS (Lc detKit rcduUiI paymoirs} t¢) thfincd beTreOtsthc•Ksth¢ch trcattd as &fiJxd schcme> To be ¢ompleted the comwy. JIAvgwi 2019 '/•Ptt 31Avguw¢ 2018 PAt£ of ¢SxtyJni 0.55 0.97 1.68 cimiribulions wixJdBive thc 5JTne usin81 full AA (wto knd yidd (urvE fo Ibkount thE Szinc rccov¢ry c¢mtthbutsortx The fdloWth£schtd￿]C dtTafjs tht dtfic•EuMLtt1bJutitss¥￿ the schtmc ttt eath y(Xr cd pert￿. Ye¥oi& 31A JI 2019 Jl Aug￿¢ )18 55.820 57.495 59219 51.0(YJ 52,0 54,000 55,0 57,000 59,000 61.000 YeAt 2 Yat3 57,(X( 59, 61.LY)) Ycts5 YLr 6 YGLr 7 Yw8 y￿r9 Thc comwy must a liabihry WgJrtd as thc p￿1 viuE of thc thai al￿￿ ttom the thfrit recwcry wd thc (U￿￿08¢￿05C ifL th¢ ￿¢t￿ne￿ad xcowjt i¢ thc uTrwinrthng of thc (b5t(vAot r&Lo 35 a fill￿ce c05t in thc wiod ￿ thich It ￿L￿¢S. Thc 5th001 Adth￿N￿lY opcrArcs i dcfin¢dconbibJDcffj 5thcrn¢ Cthittibutyoos rK bch￿fOr$Iaff wthwi thc Khone are rnadc to AviTh'foFJl ioorribution$ ujadc ty> Aviva ¢JutuJK the £109.980 IJ)19. 1.194.146). Thc totsl c￿tab￿tr￿S wbith wtrt sDll ar thc ￿tnd wcrc£27.T18 P)19.. £25.9Jll. 37

Queensvmod scho￿ LJmited Notes to the Fifwioal Ststetnents (or the Year Eoded 3151 Au8USt 2tr20 [￿)9.£96,98 38