QUEENSWOOD SCHOOL LIMITED CompAtty Registrthti¢)n No. 40561 Ch*tity Regi$ttatiots No. 311060 ANNUAL REPORT FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31ST AUGUST 2023 Iiiilli 111 *AW7246P* 0310412024 COMPANIES HOUSE Anrtual Report and Financ￿1 STatements Fot the ye¥t ended 31s1 August 2023 Report ofthe Gtsv¢fflths 1-14 Audjl 1>18 Consobd}r¢d %tIlLXTicniof Fit4￿c& AcBvyt 19 Consowatcd Bthnrc 21 Con*)kdaicd Cashlkn 22 Nofcg tothc Fmantial StatefftEnts 23-39 QUEENSWOOD SCHOOL LI￿TED ANNUAL REPORT OF THE GOVERNORS for the ytst tndtd 31 AU￿$t 2011 GOVERNORS AND CHARITY TRu￿EE$ Qwcfiswod Govcrnor5 Irr thc Ch￿1¢Y Twusf£o* off￿￿￿$Wood S¢h(xA iimitcd fthc Chwty.) and thq. Mr Trll &. SIusfft3￿￿ B.4 FCC. ICh3irl hlr I" C Girnharn (I'icc Chajrl hlr R HSC. CINf.4. Cfn& bllcc Mrs K O ￿.IShaW GNotnitrAtrd by the OH Qu¢tns*tsDthths A5sticiauc￿) lThc REvd Dr D M ChaTKnzn BS¢. MPHIL PHD bls J MA (Flonsl. PGCE IAFWrtied 10 JLblC ?￿J> Mr R S BA (HONSI. thp MRS Dr O McGubiJ)css BSC. MB BS. FRCP. DCH. DRC( Mr S Morn% MA. PGCI-. NPQkl Nlrs C Nvfman &Sc. CIMA It4 N IPenny (N￿lIn￿red b). thc QUc￿￿(￿d P￿ty A5xKiauoD) Nlr j Phdan (NONS). MA (￿DI. PCVCE hlr A D Popplcton riFr. rn%c iA>rd N Stlrnp BA. CA The Re¥¢J T5wthd¢ll FCA (RL￿1￿(Yl 31 l(s P M Wrnch ElccEcd tncmtr￿ts arc aPr￿l￿tCd Trry Ihc B￿rd M r¢¢ommtyidaDOn ol the Chwr And Ilice Ch￿r 8nd they a¢L suppl¢m¢firtd b). Gov1ill¥VdE￿ S¢MCL' M the Prf>*¢d ty for grt ￿￿t￿l of thfcc years. At thc cnd of an LILr¢Ld GuvLTIIDf'5 tll5t vlDfficL. hr VT shL sh￿) k. fvf f¢'-dLfti(￿ by thL vthlf CJOVLYnors fot J 6JfjhcY fcrm of thrce I'ew. The 5gmC 5hJJl appl.v at the ctld of thc dc(tLYI Govcrno¢s S£Cund ind third icyffls of officc Ihe Chzir. vpho iTrnuai ry4ccttim by thr BDXr& ma> ¢cm*i GovL'cnor for I{M￿y t￿4v£ Abb¢¢viaied ￿0￿PhI¢S fLW ihe curr¢ni mL*Trbery rfthc Gvverning EkKI)' 4 H JAMES DE SAUSMAREZ FCG Dirc(tor Jnd H￿￿ of 1nvcstril￿t Ttusts Xt Janus Hcnlkys￿ kn ￿-21 James SPL*I his atccr in thL' LnvCstmL￿¢ manwtncnt indu51TV is i GovL7nxn¢c Hc is * fomitr mL*Trlxr of th¢ St Ptsul's cttthiyl￿ Counal. wh¢YC hc SDD SiL* as an tThthFknILkni ffl¢miy on thc St Vjul's CthLYld FMina' Curnmirrtt. Ind is J rnLYnkn ofthc NoTr.P￿rty TThvC51rr￿E GuidAnic Grvu formcr CryThmon Coungknan on thc CIL)" of l￿d0￿ Corp)eJliots. JJrnc5 is I Vasi M*ster of both the W￿ShIpfiJ Cofflwy t)f C.hirtCfcd Sc(rctsnc5 Ind AdTnm¢51Tators ind thc Worship￿1 Cthrtwaiiy uf j￿￿¢￿5 Ccdc¢& and T¥ a forrnu Govttnor of Bishop Swfod s School. iAifitld. Ilc ￿ a I ￿￿[c¢ of EKJth the St OIxvc'* And S( SI￿0￿r,3 Sch￿11$ foundgD(Ml lafi ¢ducavon31 ch¥iD'I and thc 151ingt4)n Unitcd Ch2ntsEs. lis daugh￿[ ss art Old Q￿¢￿5￿0(￿ and hc has • ch1￿7 T￿￿$￿ yncc 21X)7 was th£ Chair of "I rusi NIWtrn￿y 2023. J Covernof of QwLmswr)od ￿ 2011. hc th￿(d thc fuYAncc Cofflmirtee frurn 2012-2019 and VA5 tlc(kni Ch￿￿ of GDVLTiiof5 ￿ 2019. Tim C GARNHAM Bst Vith Dvcr 30 ex1￿￿￿¢£ ith the wortsry indusrry, rim ys DcvthpD￿t Thrcctor ofTn]5t Rd Estztc tJmttLd. rcS(thsibk for the compny's lie¥￿0￿071 ￿ffic. Having bctft ￿{h the compny for 17 }cat4 lim.*ttPF*d th>wn u I￿￿[ Chicf &ccuovc of Minrm iimircd which ithdon offi¢L'4 mixed UK. And high end iuidoioaj. Fl¢ foffncrly Miwng Thrccti)r uf thc TraFAI￿r l.luu5L' Prtwrty Group h£ for thc UK dcwckymcnl progrknlme. inth pub]ic and pnvAte *cros *cross a tan8e of induswe.s. iNIatlled wjth 2 son daughtrts. IK>th of wh￿h ate Old Queen5wotyJllTLs. Ele¢ted Governor of Queet)swood th 2013. KATE BEISHAW LLB (HO￿). PGDip. LIJI. AKC Kate 3 pupJI 3t QueerL%wood from I999.1￿, 2$ 2 day Ixthrdet befo£e Jn the Sixth Fomi. Afrer her A t£vc]5. ￿te read IAW gt the un￿e￿[Y of Exerer I￿4 ¢otr¥>ltted rhe Bar VocADottai Coutse and an LLM In PiofeSSLonal Lega] Practice at the City Law School. quabfyiti8 As a B2tnster. Alon8%￿¢ het snjdies. Kate btcamt itivolved Jn the Old QueensW0￿￿￿' AS5(KLitson, Irutiauy a5 an Elected Mernber. before becory fwst Honornry Secretw a TnL￿￿ of tht Old Q￿tA$wo￿l2n￿, ASqoC￿￿0Tr's Butsary iftd scholars1￿P TDJSI. and rrK>st recendy. Governor Rcprt%tttDuvt for the A%qociaDOn. Ka￿ woLk4 iti ￿8￿tr Education adrninLstration, re￿I￿00n 9ThJ governartce. #nd ts cortendy Head of Educ•tion #nd Smdent ExpaJer)¢t #r VwvtNry Colle8e London. Katr ￿ a .4upy)rter of Target Ovarjan Cancer and a Governor at Locd5h"p Lane Ptitnw SchwL wbert she akn strves as Chair of the Firtattce & ReS￿￿￿teS Commirtee. REVEREND DR DAVID M CHAPMAN BSG ￿ mp￿ PHD Disttict Chair of the Bedfor(L%hice. Essex and Hertfordshire DI%t[￿ Of the NlethtsJLSt Church Aftet duaiirtg wilh a hbthem*ttL% degrtt. he worked ft>r the GEC.Ma￿ON Compfiy Jn St Alba￿ And NtLiron Kqnes m ffAd*r m*t)2getntni He trAkn]ed for minJ$w at Wesley House, CambLidge, and a doctorate Ln Theology from the UwvevJty of Cathb￿{ge. Fle %etVcd Jn appointtnents in IethodL%f CLfcwts Ln tA>ndon and Sussex be1￿C being appoinrcd DisttKr Chylc in 2016. Damd i% a rncmbtr of tht MtiFM)thsr Fwth *nd Oxd¢r CommiThet. He L% marned with three Adult chLidten. NomLnated a Govemoi by Ihe Methtsjist ChU￿h IT) Stpr¢mFrt¥ 2016. MSJUDITH FENN MA (Hons). PGCE Juthth F¢Jm r¢ad hL¥roTh ar Camblld￿ thert T*U8hi fot 13 yeus. ]2tterJY a% a depury head at the Godolph]n and LatFmer khoo]. She has been a Govrrnoc ofa Sptctst gch(M)l and a Chxit of G)vetnor% of an 1rn4epc￿1eftr dav and txM(thng Khrx>l. She overvAW sratutorv teather inducTr(m in indeptrnlertr xhool$ acro%% England fot a number of lea￿. befott raknng up po%t 1% CEO of The ethoth%t Independent S¢hiM)L4 TnL%r ￿ Febru¥rTr 20J? . Sh¢ L% ¥ comtimryed with a deep love of %chool% and thar potential to transFofflJ ￿"V￿.. In iwJxe titne. 5ht rrave]s' b*4 ? wuculat fa<¢itiation with pLehi%tollc $irrS. MR ROBERT GARWOOD BA (HODS). Dip MRS Rob ha% recently Lettted. hI￿ng worked Jn the FLnancd Scrvites wwjustsy (or more than 33 ye*r%. In ￿.$ recenr roJ¢. Rob worked ir Srand¥d ChatTtrtd Bank th￿¢ glob21 IAve*torq busJnes5 2nd the F￿an(la1 Insuwtioll5 reatns acro55 Euff)F*. Ptthous b3tikiti8 wles itscknded Qtib2nK UBS and Lloyds. Ht 2L%o speftt seveL21 yea(5 Jn the asset rTranagement industry. Rob was educared ￿ borh the Utiitrd Kingdom and irt ￿ US. Hc wd a BA (Horts} dtwt m B￿*IneSS StyAd￿5 a speciab.st Eocu5 on Maik emer8tncy rT*dicine genetsi pra¢ricc which irtvolved * tok t* 2 Pohct Sut8toA. Oon28h i% matned QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the year ended 31 August 2023 with dau8htets. now both pupd5 at Q￿c[Lth [n￿￿tILl￿d and prtwAte sectoT%: ht L4 tu¥LtndF a member ol the Govemitig Bod¢t% at DeLby Cathedral Sch(x>L IpSw￿h SchoDI {where he chJAr5 the Ac*denuc Committee). Loughborough khool% Fourtd2uon and Wo(Mlhouse GLove Sch(K)l. He is also 2 Trusttt of ihe Detby Diocevdn Board OE EdUCa¢K￿ and undett3kes head and Sen￿[ luder appraL%als on bthlf of the Merh(Kii$t It)dependenr Schools TnL%i. Simon is m*rtJed wjth thttc chddrert. Elected a Govemoi in Spong 201). be CHITRA NORNWJ BSC. CIMA Wlth 20 yeats, expenerKe UL the ILnanctJ] servicu *ctor. ChiTtr h*% wrktd for Deutsche Bank. the Roiryi Bank of Scodand. BarcLays and Ijoyd. Bankjng G£{￿p. After gradua￿ with • dyee iti M2na8ement Suerfe from the Univet%iry of h1￿Ches{tr. SF* entered the Rol￿ Bank of SCO￿￿0 Fttwice Gtsduart Scheme, where She guablied as a Chanercd mat￿ge￿￿nI Actountattt. Her experience *xi expertise spins tteL4ury. fmartci21 reporung. stsate87, ULvestor (elatyons and 5trdte8ic rr pry)grat)￿n¢$ *Jxl $he has a pLoven (t#¢k record tsf t%cclitnce in dw, debvtry atyl wleJr*nvnort of complex firnncjai reporung. modelling 2nd analytical solutson5. Curcendy. ChLtrd acts a5 a ¢onsultsttr ro FinTech stsrt-ups impleTh*nting fLnancig] tepotting. pLanning aThJ an￿y51S Systems. She L% the mother of MI. who *rtr¥d * knys, school rtt2r to Qu¢cn5wood a Govemoi of (Jttnswood in 2019. NATALIE PENNY Former Inieuor Des18nr¥ A mwni¢d rTr)th¢r of rwo dau8hrets. one of which L% a pupd at QLKCTh4WOOd. "I'ht Eoundet plant-tY45¢d b10gllatL%Pll￿. Natatse w0tksptedorn￿￿ntty￿4 2 t(xNJ photogq>htr *)d %rybst. Includi￿ Ltcipe and conrent cratKJn loi kading brands. Nara]i¢ b% kn the Chair of the QUee￿$wO￿ P*re1￿ Asswoort ¥rtd tiected as 2 Governor of QUeenSw￿l m 2018 MR JEREMY PHELAN BA (Hons). MA IFA>. PGCE HeadTna5ter OF Duncombe khool. Htrrford %in¢e 2013. previ(yJ51y been Depury Heath￿*[tr Pa4tornL ar Febied PLepAtaiory School Essex ovex5eeing Board￿￿. A C¥tdiff utilvt￿ry graduate h21ryng ieod Higroty Philosophy, Jticmy has bttft a GOve(r￿￿ ￿ qcknoLs In Lv)th Ma]nr4j￿II and prtni¢ sectors. Jercmv Is an ISI Team InsP¢CIOI #Dd mEm￿r of tAPS. He i$ matned with two children. both At QUee￿￿K￿. Eltcted a Governot iti AuoJmn 2019. ANDREW D POPPiEfoN BE¥. CE¥, AKC. FIET. FBSC Retited S¢nior Dtrtciot from Accenttjre. a glo￿ rmnagernent ¢on%utL*rfY. In hL'$ 31 )peatr at Accenwre. he worked xm5s itidustiie% deJLveting technology en2bled busLnes% rransfom)auon pLojects for clients. He also served on the Accenture UK & Irtknd Board fot yeats and was a Trustee of the UK AccttsoJt¢ Pertsion Scheme. Sttjdied ai Kmgs Colicge Ixmdon and gr4dw¥red in 1989 with an En8￿cen￿g degree Nlatned and two d*u8hrtts. both OC whom have been pupJ5 lit QueeNswood. Eletyion WC2B 6Am BToke He¢& Andtew% & As4oci2tes Ltd E]even BthJ(llevpbce 2 BrU￿%￿l¢k Square Bnndleyp]ace B￿ba￿ BI 2LP QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the year ended 31 August 2023 Tht GovttnOT% of Queensw(x)d Sch(xil pr&sent the￿ Annu3] Report foc the year ended JI Awt 2023 under the Ch#nDes Act 201 l. rogether with th¢ 2uth.ted ¥couots fot the ye￿. and Conf￿ thai the larrer h*ve been Ptepared in iccordance Accounting and Reporting by C1￿11ic4." Sure￿[Ir of ReCOn￿y￿eftded PracDce app]Lcable rts cljatitics Ptcpatirtg thtit Accounts Jn accordance the Fin2rKui Reportsng Stan(lard appb¢#blt in th¢ UK and Repubbc of Ire]aryJ IFRS 1021 {¢ffcctTre l Janw 20151- (CbatiTit4 50RP (FRS I￿2)1. the Fjnancjal Reporurjg StHndard applicable m the UK aTrJ Rq>ub]ic tsf Ireland IFKS 102) and the Conwanies Ac¢ 2￿6. REFERENCE AND ADMENISTRATIVE INFORMATION The Govtmor% are bsted on P%e One. Tht execuiive officery pnncLpal address of the Chatiry and p¥Ttrulors of the Challrf4 Profes￿01￿1 advLseL5 gI￿n on P*ge Fout. STRucfuRE, GOVERNANCE AND MANAGEMENT Charity Struetytye Queen&wo(NJ School LirniEed vpd5 incowrAwd os * PTiV4Ee limiT¢d comwy (Re￿$t￿tiOn No. 405611 on 22 Febnjafj 1894. The Company was re￿$te[¢d 35 a thaDty [Re￿￿￿tt0p No. 311(K)01 by a Ttu$t Deed dared 18 Novemkr 1953. Group Structure and Relationships The Chatity wholly owrt% a rJOrt-ckni12ble subsidw. fvenswoKyJ Enterprl￿5 L4mira (Company Re8L%ttation No 1840914). Thc S￿￿￿tY.5. ¢oryr]se the Admll￿str￿llon of residents￿ and aDn-re%idertDal lettings foL sporting artd other aCti￿lle$, the operatson of the khooj $hop and ¥nuilary rtathg acts￿tles. The Board of Queenswood Enre￿I]St￿ iimired compnse$'. Mrs C NOrn￿n (Chwl Mr i Willi>ms Quttnswood School lJrnited LS cofLnected th￿Ugh common. p#tallel Or rel¥rtd objttrs, and by wttije of comnK>n conrtol athl u￿ry of admJnistEatyOrt. to the Queen%w(xyJ sCh￿l Chapel Trust (Charity Rwsu3uon No. 311060). The prLfKJpai of ihe Queenswood School Chayl TLusi i% to manage 2nd mamr￿n the Eabnc of the Chapel bwldty¥ qo thar ii will be used as a p]ace of wot51u"p by the pupth 0((￿￿00d Sclwl any others who May wi4h to attend tht services held m the Chapel. Govtrning Do¢ument Thc Ch¥iry 1% gov¢mtil by its TnL$t Deed ￿ld ArtKIL4 of AssociatKm. The Articles of Ax%Ki¥UOn w¢r¢ ]ast amended Jn 20LO. Goveming Body The GovemLng B￿Y compti3cs the GtsFttTM>ts Is Ch•n"ry Trvsnes of ￿ Ck•riry who are also Dwe¢ttsr$ of thv Company. Governots. Responsibilities The Govemot% Iwbo ore 2Jso Directo￿ OF Queen%w(Mxl School timited for the purp(￿$ of con)patty law} are ¢esponsJble for preE>aring the Governors. Report and (h¢ fitwK*] srarttDtnL% in accordance wlth appbcable jaw and Urnted Kirt8dom Acwuntsng Stsndatds (UNted GeneThlly Accepted Accowiw£ Ptacuctl. Comparty law t¢guir¢s Goyernorq to PttP9re fjnanaal 5t3tcmcnLS for ra¢b firt%fKi￿ ytar w￿ch yve a TnLe and Egjr ew of the srate OF d)e 3ffatss of tht chatitable company And the group 9nd of the incommg/outgoing ttSOUTce and Appkncation OF resources. Lncluding rhe Incon* and ¢xp¢Jth"tu£e. of the chaatabk group for that pen￿. Itx ptepanng Ihese fJn4oci21 %taitments. Governors ate teguwed ro Selecr suirjble *c¢OunU￿ policie% and then apply them cortsLfitendy Ob5ervt rhe method$ 2nd pnyles iti the Chantie5 SORP Makt I￿￿me￿ls and estirnltes that are rea50nabic aTyJ pn¥J¢nt St2te whetheL applicable UK Accounting Si*rtd#rds have btttt folk)wtd. subieci to any rn2teiial dewLure5 di%c105ed aDd exphin¢d iti thc fJffi#ntiai statements QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS ror the yeat ended 31 August 2013 Prepa(e the financial statemtnis on golljg concern tqsis it is ioappwrc to Pttsumt that the chantabie company continLLe in The Goveinocs are rLspon5Lble for keep￿8 proper Xcfm]rtrts￿ record% th¥t di%clast with trasonable accuracy. at any Dme. tbe financd posjtiort of chant2bk company and enab]e them to en5Ute that the %utetnents comply with the Comp2n*s Aci 21W.. Thev ￿ 21$0 tesporLSLble for safeguarthng the assets OE the ehaaEable COOV#tty *t)d wup atjd he￿¢ lor r*kJrtg re#sotJ*bk %￿￿5 fot the pitvtftiion and detectLon of Eraud And other reguiaatyes. RtctuitD)eo4 Induction attd Ttw ofGovenhors The ChAnrfx elected GoverMr5 Are gppointed at g tneeting of the GoTemor%' on the bas&% of nominauons ttceived fLom the Chait Vice Ch2Lt, ttcom0￿datKjns fot e￿"b￿lty ate based on relevant attribute includirtg p¢rson21 cort)peretKe. specdL%r skills and 2Yadabth"ry. All pLospectivt Govemots visjt ￿ School ro meet repre4entauves of the Board wuor mxwnt pnw to nofflinXt￿n. An ￿U(￿On p￿1￿MMe is attan￿d at the School new Gove[r￿[S and rlw are pro￿ed with Kces5 ro the Governors. Porrai COn￿nirt8 thc Aru¢lt% OE Association. Govemor$' arjd ke), School pohcjes. a rd N Stamp Educatiorl Commitlee Mc S Morlls (Chair) The Revd DL D M Cwn Dr O McGwnne55 Mt H J de Saw*marez Mt% P M Wrinch M¢ J Ph¢lan It shou]d be nored that The Revd T Smndell Le5yed as a Governot on 31 December 2022. Mt Rob Gynvtsod indicated a wJll￿gftt4S to A&s￿￿C th Chair of fv FiE)2nce Commirttt. bui onty *ftet ht had attended a school yegr of mCrtiy￿.. Accordingly. thc Goverm¥J8 Bdv thc Chir of GO￿￿0[5 3$ rhc Inretim Ch*it for the Spring and Summer TeLrtq 2023 whece he worked c]osely wtth ,Mr Gatw(xyJ to ficthtate a srnooth tran51Lon of the Chair ro Mr Garw(xA for the 2023 .4utumn Tem) therc2EteL.. Meetity. of the alx)ve Committee% are 2nd will be xtrended by the Prinup*l. Bursar ar￿ od*r senior membets of %r*ff ¥$ appmpi•rt. Dut EO the nontse of M% Fenn's role CEO of the Meth(Aist Ityjependent khools Tw51 and ￿ recogwtion of her W￿er sector knowledge. t was A￿eed on apw>intrnent thai h15 Fenn nor serve on a subcomminee. The follo￿n6 Govemtsts have bEen d¢5wared by the Governing Body to have rcTorLSLbth"ty for 5Pe¢Lfi£ artas". Mr T C Gatnham- Health atsd $2fer¥ Di O McGuinDts%- PAsror41 Welfare *rtd Safeg￿chI]d[ert Mr H J de Sausrngrez. The Revd T SwJndeU Oie5JgrKd 51 Dec 221. Mts K O Bei%haw. The Revd DL D M CILgpman and tr J p￿lart also serve Chapel T￿stee$. QUEENSWOOD SCHOOL UMITED ANNUAL REPORT OF THE GOVERNORS for the year ended 31 August 2023 Investment ID Staff The TttL%ree% are keen ro 2trnci 2nd LeTrin the Et4t te2chJngand key Sup[￿ Sf2ff and set Sa1￿]e* and other tenns of Itmuneration m order to Ery to ach]eve this. Remunetatson of key Pe￿I)nnel 15 ￿[￿b]Ished 31 aPPOlntmtrtt by the PrJncJpa] ￿]dIOt the B0￿d of Govtmors. It Js thett2fter ￿￿eWed on 2n annual IMSL5 by the ch￿ and Vice Chaic of Govcrnor%. Remutteoriott for au L% t¢￿t￿ed •ntsLJally with cefeietKe to reltvat)r pub]LcIy 2vaJlable irtfomuuon artd bencht)urking %uryeys. OBJECTS AND AcrIvrriES Charitsbk Objects The tsbjects of the cl￿•￿ #re". To cortDnut 10 opetate the ￿t]5' boArdin8 *EM4 day xhrM)l known 25" . subj'ect to the TDJ%t Deed and ihe compa￿.1 .irricles of 8wded by Chtistian ptiwlts whijsi ttcowsiftg the of different ¢ultwe5 and hJrh4 To the prevnr.%ithdard% arw] tt¥thDon of Schrd and TO COnUttlJt to seek to wtoye and adv4nce education for pds by ail ¥pproptMtc rnean5 inclLWju￿ the estsbbshmtrtr of funds (or $ch0kn￿"p￿. IM￿leS and pnzes Public Btttefit Aim$ atid Intended ITttP• Withift th¢%e objects. the School'5 pub]LC benefit is to piovmle an outstxndmg academLC ¢ducaDtsn for oll pupil Jrre$pecttve of the￿ parents. financjal rneans. In additioo the Sch(M)i offer% a ￿le range olother %Dviues de%yed to produce wdl.¢quiptd and cgring uuztns of th¢ fiLll￿t. the leaders of [(}rr￿}ll￿. who will 5eThe their cort)mutuDe$ well and with a deat 4t[￿ olrespoAsrbth"ry. Th[5 atm is suppotted by an ¥CDve pW8tart￿ of pastoral e WLthin a.￿P￿tl￿al framework. 25 well 3$ by coMprehen￿ve 3 nnge of aiuwues to prONu)rt physical and rtcr¢2tsonaJ intett5t. Delivery of Public Benefii In accotdance the Chantrb]e Objects of the Ch￿lty. and due regacd to the ch￿1￿ CommL%sion's (tAo¢e oft Pubkn¢ Bentfii. the School iontynues ro widert pubhc acctss ro the tsctlltnt education Ihat wl% aged I I to 18 iecejye ar QU¢ell5wt￿. In order to $upport this obiective to ¢ns￿e d￿¢ Th) one ￿ excluded Irom the opporturntF to benefit from d￿S educArion, the Governots m*kt 2￿b]e fu]ty Mel￿%-(￿red butsary awar05 of up to lo￿1• ftt LenMssion in apptopnate CllcUt￿tt￿ce5. A scho&T%hip can be, and freguently LS. crylctt*nted by a burwy. l)Jeenswood coDunue% (o %trewhcn its luth5 * rnim￿r of IWJ piimary schools fot whom it make5 avatlable. at rLO C . Jt5 faci]ityes such as the sTrvimw pool and the theatre. #s well as OUtd¢x>r ￿0¢￿8 ¥rea$. Although it should be noted thar uqge hzs been Le5ttiCted due to pJndemic. Eogagemeni wiih Suppiierg, Cu$ioJners and Other5 a BvSiDess Relaiiowhip tbe Sebool Thc School'% $uppiLer and cu5t4Jm¢r ¢n￿geMent. IncludLng ail pob.cies aryj contricts ate de51gned to en%uic a fair artd tr#tt%partnr apprtyAch to all b￿sInes* t¥¥nsacuons. The School has in place ckAr and ttanspatent r2riE(5 foL all facibties #vgilable ftsr eX￿rn￿ gnd these chgxge4 are *nnu¥lly ￿nchm￿tell *g*iwE othtr Compatable faciiitse5 to ensu¢¢ th¢y LepLesent faLr value. The School operates i ttonsprcnr pro¢urernenr prccc55 for a v3Jy¢ b•std appro￿1 stwugh rtgujat sraff s￿￿eY$ and st2ff £¢xnmirret% fot rtcelv￿ th￿r ￿ewS. Terniiy Meetings 9re held of the Queenswo(MJ Stsff Informauon Grw which has cepxesefttsuve5 fKc¥n act05s all areas of th¢ ScbcA)l. whert queLit% Can be answered through the Leprcscrtrauv¢s. QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the year ended 31 August 2013 New stsff ate h￿LY ￿d￿cted and tx)th teachcn and .%Up[￿tr $off take part tra￿5￿6 both befott the $tart of and duriThg the School ye￿. The School is coMmit￿l ro t4u¥bry of oppottUTUry for all who leJm #nd work here. It L% coi)Imirted ro the ptitiuple of equ￿ opp)￿DeS that ￿ uTrTrxObed our Equaiiry. D￿er￿lty and Anti- BAci.sm Pvlicy, which ]5 kept UTyJei constsnt re￿e￿ by ou£ Depury Had PupLis *t)d i* ttgujatly discussed by the SenLOt ￿ade£shiP Team. Catbon *tsd Energy Us*ge Queen%wood Scknol contin￿8 to be engaged Jn a pLocts% airned ai reduang ils and yeenhouse tmi8*ons. In yeat. the Sch￿[ pLqceil oLder gnd comff￿e￿ lljstsllarion ol a 176kwp $0]at #toy which %houki wvidc 8.1(P1o of the School's cutzcnr ¢nti8y de￿￿[1d. We ate developin8 a term sttatt8y and ate cu£ttntty focu&*d oft.. Pur¢h*w energy effitienr eqvipn*nr where appwii¥re iti the School including 2 zero emissjons electric tnirnbus Upgt2dJng exisung HVAC systeffL% to rnore enewli Improve the SLYth Focm offer bF iwthkng upon the excLieintilt and oppo(wniuvi cr¢#red t)tr" the teceni renovation QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the year ended 31 August 2023 To enhaTKe Stoff Deveiopmenr #nd rtmunerAtion oppotwntues that wjll t￿Ure teaching excellence acros% the cutticulum To work with the OQ.4 ￿ slwing the knceiong benefits OF (￿¢T￿*￿￿K[ thr￿gh cdteer advice. meftto£uJg 2nd AppLopllat¢ $uppoLt Stratt8ie$ to Achieye thii Ye*ès Objectives The School ha% contynued to Lnveqt in our admisw>ns ￿ld marketing de￿tIts a specific focu% on wng out of the Lntern#D0ft￿ tn*rket and concurrendy pvpd rttention for SiKth Ftrrm ]% 89 strtsng a5 ir can po4%ibly be. The School Lnvtsicd in refurbJ"5hing 16 ¢]Ls5fiK>TtL< wthin the Audrey Buder Cenrre #nd cenovated two IArge Science Laix)ratone5. Pupil dewces wtst chosen IChtomebook*) #nd wtrt wlltd out to Yi 7 and pJan% put mto pLqce to Toil rlM% wt to Yt 7. 9 & 10 from Septet))bei 2)23. The School tertow&red and aSsign¢d parr of a bvi]thng for a oew Wellbeing Cenrre and ncnuted a membtt of stsff ￿ kad thL% Pgrt of school from SeptembEr 2023. Prin¢1￿] A¢tiviTies of the Year The Chanry provide% boarthng and day education fot gitk frorn the ages of 11 TO 18 m a singk 120 acte si￿. At the year ertd, the School toll tWAS 459 {437) comptisittg 245 P251 day a￿1214{212} boArdtiS. Voluntee A numbeL of cur£ent artd past pattnts contitiued ro providt n>ny ofvolurtrary ser4ry£e duxing yeat. The Boatd would hke ro r*ke thi% oppomthiri to expre55 its 3pprtti•uott for thew generou% and val￿ble supporc Oper*tiortal Perforniante of the Queen$wood EDtcrpme Limited 21J22111 The £￿te￿tL￿e Company 0￿￿Ted ihtouglKbur ytat. Tht m*ior Eo¢LLS was o rtrurn to nomul aCiiv]ue* for %POLtirt8 2CtiWties with the Scbool Slvjm￿g q)er41ion wirh txtemai lettin￿ foi fooib*ll. hiKkey. tenni%, neiball atml fenang. Residenrul ktry acti￿DeS hapt*rKd duting the Summer, albeit Iwth more Subdued numbeL% ihan hoped for. STRATEGIC REPORT REVIEW OF ACHIEVEMEFrrs AND PERFORMANCE FOR THE YEAR Oper*tiort*] PerforniaDCC of the School 2022/23 All d¢parT￿Ls and stsff are #Cuvtly eo8a8ed tn the SclK*Jl's perfom)¥nte. whether thi% is from ¥ purely atsdem cortujbuuon or one Ihat involves ¢tr¢urncu]ar acrivLiie5 or 5P)tL unFACt of these cOntriP￿￿oI￿5 Is large]y peTh.On￿ and Ln many cases i% hard to ffleasute. bui below ￿yeS a fiavout of some of the 2cti%ryties tha¢ have made 2 imp*ct ovrr thi4 L3%t a￿d¢￿￿ ycar. ith the 8fAd¢ srAndard ceELUn1￿ 10 pre-covid kvels. we were debghted to celebrate exceueni exarn resuiL% with PUPLL5, wents and qtaff at Queen4W(K￿ aFAin Ihis yeAr The Yeat 13 IcaVcr% who had not taken wxl￿eTh GCSES, and the Ycar I ts, benefired fr(xn th¢ continuous tduc•oort thai they had re¢¢￿ed thTOU8h the pandtmic and bevond Jr Because OE th￿r ]Ack of lollna] practice. we 9 shoo 4econd mck exarn peti¢)d at the beginnmg of the summer remL thi8 abo 5eryed ro ￿ther evide¥Ke in fomu] exam￿￿0￿$ Jn cw the txam se%*>on could not proceed.. even though thi's ethe w¥ rtot Used for god1￿ th¢ pLactice g￿*d by pupJL% w4$ very useful. A-ltvtl Results 56.?/ry of ￿ grdde% wcre A*_B. an ouKome cxacdy ￿ kne the results of 201&19, thE 195t yezr an eqWVAlent grade standard. ￿ld a hjghei vajue added. This an wtcorne of the sch(x)I'$ abth'ri, io p¢oiryd¢ continuous educ•uoo dllwhour thtit pa￿le￿I¢-d1sruP¢¢rt GCSE cfnus¢s which ore essenoaj Jn bui]dthg the foundautsns foi the nK>te gdvanced 5Ndy m the SLXth Form. Seven of the 43 candMlite5 achieved at least three A*/A pdes. tht bt51 It%￿r br￿8 fout A45. Uthver51ry platts Wcre ￿ned #E C•rnbtid￿. Imptriai. ￿￿8.$ #rtd Uwvt¥.%iry Ctslkgc5. Ltr￿d0￿ maay oth¢1 R￿%sell Group U￿vC￿1tics *JLJ m the USA. QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the yeai ended 31 August 2023 GCSEIIGCSE Resuhs The Yc4t I I rohorr ach*ved S0.P14 pdes 9.7. which was artother vtry ts)wre%sive perEortnanct. %iwficandy better than the hte%r compaoble (2018-19) We%. V*luc *Jded alrn%r rwtrthitds 019 gAde per pupjj. per bject which continued our UAbrnken n]n of 20+ veALS of statistKally 5wiifitsnr VA it 8 99.P/4 Confidence level. Anx)08 the Stro￿ Le$u]ts wer¢ SO￿ oJrsrartdiJ¥ indi￿lu21 achievetr*nts". 14 our of the 59 c2nthd2t£s achieved at ka5t eighi g(ade% 9-7. Cutticulum Change to Edu4*S txam tM>#r(I ftsr GCSE. The cow%t i% mott a<(ei￿ble Cor 211 llL%trumEnts] srAtutig points and includes le55 wnting than the OCR e53m. which tyoukl bto¢fir our E.4L %ttMlents. chal￿ to Eduqa% exam board for.4.irvd .4gaJn. ths rorttaLTh% ItK% wttiing than thc OCR.4-level ar)d ¥lso Lnclude% a bye perfotmRnte rts an tumiDer. wknch ]% much bk"t rtai hfel N¢w KS3 schtMr￿ of WodL. FOC￿ on cre2Dng bfe-long Mu*C￿n* and enthusi￿ with ielevant arml ei£Jting rnatenJJ. which ¥ losh clrm¢ni of rhoKe and ctea*vity. Removal of iht An Yeat 7. SnKients w¢Le not making ￿￿%(actOry proyess attd it th'd rKTrr lead to %u[IKient %ltUlg IlL%twmenr uptrke. Co-cuiricular .4ddxtion of new c(Fcucnculac aitswties, in¢lwJing Baod Cknb. Show Band (to learn how to pjgv in a sTrK>W band foi twsic¥lsl. Guirar Club and Prfcu%%L4)n E￿￿emble. QUeerL$w(K￿ Singer4 J% now an auditioned chtiir for the cT¢elknr %w The (￿Lte is fot all treat wups. *liowinbtr sDJJ£rtts to learn from others Jn 3 vertsoj rnannrr. th older *tudenr5 supp0rD￿ tbc Towy¥ Or￿4. and Younp Str￿enL% accek%Lng trickn.er matenal thar pethaTr% they woujd have before. Elle L4 Worki￿ cloN¢I!' Wich th¢ dep2rtrntnE to SUp￿rt ￿th P￿￿￿CtiO￿. Th￿ evident irj the pr(NJuctson of Kve IVLIJ R￿et to grow the of the%e ￿stL￿MentS WLthLn the sch(x)l. Two new appoLntfMltt* Jn VMS ream- Haxilyv fot Guit2t artd.4ThJy Fket (OL PLqW. Andy LS aly) tunnmg one of the three band cluh and Ian J5 Gujtar ¢lub. succe%5 in GCSE exams I￿.$ ve¥¢ CoAcen¥ The scholads concerts and GCSE concerts h#ve am**maT¢d inTO ont wncert, creating thr Cvnttif Sctjts. Thi% h*% lcd 10 fewet. better artended concetts. petfoLmance bF' 13 Jn thejr tLnai chapel The Lower SchiK*I Sjnging Cornpetition 20 ￿L$ $ts)g at￿ ¥ con)ple￿hT full Eme$t Rtad H9ll Tht Summti Conctrt look" plac¢ irt an Jnnatable stsge on the Rcad LawTr. Ind ￿tl￿ded a peift)rmanct Eroffl RebetikA C3rwvHJ Kalli and out pCtfoM￿d Karljenkin's knedicttL8 in dje Re￿￿￿brA0ce S¢Thryce St. Cecilia'N Concert m Novern￿r r*5ed ov¢¥ £81XI fox Ctist% the homeles￿rneSS chatity Over students were LnvoJve￿1t￿f￿l Chtisrtr&s Cato] ServLce place at Sr. .￿ CathcdrAI with OrrhL%tro. a Tna*%td choir of gLrL%, and House Perfoirning Att%.. adiu(bcated bv Wesi End Performer Slowg of Whole Sch￿1 Phy Made Jn Dagenham Yeat I I GCSE Drama studerLN perlorm Arncii¢ io QUEENSWOOD SCHOOL IIMITED ANNUAL REPORT OF THE GOVERNORS fot the year ended 31 August 2023 Y¢at 13 A.leFtl %Ndtnts peLform Be My Baby Q Revue. Whole Sch(K)l DarKe SILOW Year 12 A-level DrAr[￿ swdenr% perfonfj Oort Over Soho Ytat 10 GCSE Dr#m# snjdenrs fthn d¢￿Sed pieces. iNspi¢¢d by historical 68utes for lnterrvau(￿thj Wom¥rtN D#y Dtama SCI￿￿. Pr£*lucuot) of A Mon%itt CAIL% Dance Wotk4hop%. WeRt End ChoieogApher Srage ComTrAi Work5hiw Th¢aue Top% Foc Ytjr 8, GCSE and A-level med￿ Component 3- fJ]m. rnagaZ￿c. webskte and trfKIca5t creation CtrCvrncu]ar Clubs. Dr4ma. Dance. LIMD.l. Meiba aTxI Ce¢c￿ttL Balkt A.levti Drnm¥ Me(iio tiip ro the Edinbuxgh Fr￿￿ Ftsuv21 SuFtb results In firsi yeat of Media SttJdJe$- all B io A* Gt*des QueYaNiJJood rxlpd's ir¥J enjovtTr*rtr for %POrt c(￿lIn￿￿ tn tht acade￿ Fur 2022123. fn %hort 298 puptls pJaFed for 8 reank the Q SporLi department r4n n*)r¢ th0Tr ?(W co-¢urricu]#r £lulb' 2nd rtsining ieNsion%. th¢re wert 575 fjxturts Jn 16 sw>rtb and tht torai number OE Q t¢4rtL% 2 Phe￿(r*￿3] - l(M)l The I'eat Wgs celebrAreLI at the sporrs .4w2rd4 pr¢*ertred b*. Luichelle DLUon. Ivodd Tllad)k>n Charrtpion. Olvmpian and ic£laJmed coach. PIC￿e %ee a sumrTwr tsf the ach"Leveir*nts Lxlo￿. HockeF - U12 Ea%t FIn￿￿r5. U13 Ea%r Fudists. U14 Ea$r Fmabsts and Countr Cup Champ￿￿￿. U14 & U15 Cout)tt- Cup RuDnets-up. Ul6 Indoor Courtrr Rurtrteth-￿p. 151 ￿ _ E&4[ Ind(x>r FinaJi%rs. Round 4 01 En¥l>nd HockeF Club. Q￿%￿#1 ffft#L4 of 11￿tpend¢nt Sch￿)&% Ho¢kei Cup. InthvidU￿ Hockei, honours were out4randing. 25 countF plxF¢r5. 2 re6￿01 players 9nd 2 Jnr¢maDof41 pLaI￿r$. lenN4 Lwrenrfv 111 'LennL% icIN)kn. 16 %ndtnts ha￿ng ￿ld¥#I Trtit)i% lesqort& thwughoui the vear. U18 .￿}￿[11￿(e Cup (N2ttonai Champions). U15 Nat￿n￿l ch%mpLons. U13 naiional ChafflpLon4 2 Juwo Vimbl¢di)n pjai-rts. x l Ul4 Grral Bntiin reptCsenTAuO￿ U19 Harpenden Doubses Champiofis. U16 Hatprnd¢n Doubbe% P]are winn￿￿. Eion I￿1¢P¢nd¢nt S¢hry)l% N¥DonaJ Doubleq U15 Runnet% Up & U19 Sen￿-FJn￿5t5. %evetai ￿ChOla￿% pLgTring Inrernati0n￿ ITF and Tenm% Europe E￿￿tr. I piaTrTr Trnked 801h in the wodd iluniot%l. UK No. l %chI￿)I Ln th¢ UK ** tsnked bv rhe LT.4 bpased on tram rankIn￿. Fencing continue% to r￿]￿e- we h3TE 5 regioval fe￿eTh and 2 lntertr4uoo￿. -4thittitE- 3 .4thletes thc Nalltsn2J Sch()01s Fit]aL. Nauonaj Sch(￿11$ Hi￿) Jump Number 6. UIS County ReW0n￿ Hammer champion. Nall0n￿ SchwLs Runnei-up 3 Countr charnpJon% and I .4thitte placed 2￿* ai the Counn. ChampLOrtsh4)%. CounTr kwe firt2]ists Di.sthCt chAmpJons Ln 3 age gtOUPs .X15 iJvJividu31 Distsri chaMpK>￿4. Jnt 2t)d In(rr Re8iottal EuKbsrs m Natyonai Cup. HoL%e tidLng- 10 yrL% ttpieqenred Quet￿%￿00d in evtnts. Indi￿d￿￿] tLders have had sUCCe.%% At {4 CoontF ChampJon>, l Runn¢1 Up atMI im pLg¢¢ Te￿￿). r¢g¥JJvl 2nd nautyn¥l evenTr* irtcluditig Place 4t HLckstead and the GB PonTr tt1￿. Ntrb•ll- 2 counn" Pbreri. 3 Re￿0￿￿1 Pbi'ets. l Ethb4ar)d NeibaU¢T who akn Capta￿¢￿ ihe nauonai team. Football -2 .4c#(lemF ai foiEenham. 1 15F_4 Ul8 Nattonai P]are£. 2 DL%tnct B¥dmLnron high icytls of club p2tD¢iPatiOn COfflPCOll8 in th¢ Herts & %&ddlt*x lu18 ? district cl*mpion8 gt U14 aTrJ Ul6 sRce twiners up Ln the Nailo￿oIs¢￿tr)j% Competition. More rhan 21) pJa!'exs aL40 compeTed ￿ the Htrtfotdthite BadJY4T)ron roUma0￿rtts. ct0￿* CountrF. l&d Herts DLqtil(t charnpjons (Yrl l-6th1. JNK% NaDom] 6Aah%ts. Ca¢ker- U13 LxdF Tavernet5 CoLthtr RwJtt¢Tr Up. 3 CounTh pbie(s ¥rtd l UCC player Swimming - 6 aclu.ew CouDr¥ Standarils. We have %ome wtst2odj￿ perforniance% at club kvel. £ounn- 12 x go]d. 7 x 5i]vei arml 8 ¥ btonz¢l. Re￿ortal {lY broD2e. 2x siiveil aAd ttauottal Icvcl swim compeDoons with 2 swdtnL* 4￿lfri￿ for thr Miional chan¥ionships ac￿*$ 5 tVcnLq. JnL% placed 3rt1 CountF leye InieTh the Irdgue. T¢ip.s - Sejuor HcKkei p]aTrer5 rrnvelled To Urtecht pre-se*%ort fot S datr%. 46 Jurtiot Hocktr" pELFeis participated Ln a Hockey Tour to Barce]oTha. JS Tenn￿ pLqFers touced in Morocco at Ea5¢er. 42 have %wed up tn Ski Tup Jn March 2024. IS Ehte SpottswortJetJ lttaDonai ItvtJI m the Collow spotts - TtftNs, Fencin& Hockt!", H¥h JU￿, Hotse BJ(￿￿8, Netbau. Judo 3nd Slwx)tsng. QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the year ended 31 August 2023 FirruRE PIANS Objertives fot the For￿￿ornI￿8 Ye*T In shapirlg our objecDves fot the ytrAr phtsnmg our aCti￿tIes. the Governors have ¢offjidertd the Chariry CommissJon'% wdartce Ot) wbknc kntfii. thcludth8 8￿d*￿t trub]ic btntfitr. runNng a chanty. (PB21. The key 0￿CCuYe5 for 202312024 lie the Fame 3.4 the current obiectsves. These are". Tts proudlv wnrJJD x gTow¢ng aU-wLs *hoo] wirh our M¢th(MJb5t fourtdaoon ctnttal ro our ethos To continue io w ro a ￿ze wheie wt can fidfii and SDll dtbvtr our bewke educational offeiLng To Moder￿8£ out teaching enwtgnments actoss all aspects OC the xhoo]. creAiing and deVelo￿ng 4pa¢e that will mLKimis¢ 8d.centted ie To develop and Jmp]ement a focuk%ed DkWtai knatmng srratt￿ where ￿ pup￿￿ have a $imdar de￿¢¢ tsn whtch io ie4m. ￿¢]￿n8 opporrutuTr 7gith ¥ unifomiiTr tha¢ wjll ¢nhanct th¢ %afernr and secutiry. fot To enhance the %cknoL$ well.bein¥ PrnViSK>n Jn ordet to suppott pupil4 and gllow them to gtow in COnf￿¥n¢e #N Jndiv]dU￿%. Ther l&rn (o *¢e *$ (yp)mitUUei *nd deT1X>￿￿￿[¢ der¢tminatioA to thcjve Ln all A%pects of the￿ ]ives. To Conrinue D) Jevtlvp awKI er)h#nce our ftesjbk #nd full boardthg offer for and focw4 on tfLsw that we wiv EaffldF whi conrxiknte 50 to our cvJtur41 th"vecs1 To c0nuttuou￿Y Improvt the Ststh Fom) offer br upon eXO￿t￿trtt 2nd OPPOrn1￿[ieS created by the recent renoniitsn To enhance StafF Development a￿1 ￿t￿￿Atration opPo￿nItieS that will ensuLe teachmg excellcnce acrnss the eurnculum To wtsrk with thr OQ.4 irt Shatt￿ the lif¢ion8 I￿￿fIts of ￿enS￿)0d thLYwh cateer *d￿Ce. mentotmg And appcopnate 4upport FINANCIAL REVIEW AND RESULTS FOR THE Y&4R TO￿ incorrung re.41)urces to £12.946 totsi resol￿c￿ expended a￿[￿ntsng to L12.713k. The Dei operating Le%ult of the Group for the Yeat W2% * 9]￿lu% of £216k (Jnc1￿mS net 89ins/los.qe% on Lnve5trnent%l P022 £467k surplus). Totsj EuAd$ FAve JrKtttsed in value £216k. The ￿￿21 tes£rvcs at 31 August 2023 were £I9￿4k. £l,OiSk re]2tes to the tevglualion reserve, £49ik cesth¢ted reserves ind £23 tepLesents share CaPLd. The rtiijainder. £J7,754k. are genergl reservc.% cepresented by fLxed a5Sets. rNad¢ up OE knnd and buLidin85. Stsff P¢Dsion Scheme5 Th¢ 5chotsl recow%e% £26k of pensiott proVi%￿n on ITS Bthe Sheer in rt12TKM) TO the closed pension scheme. Thi$ Is fi]]ty atrriburabk ro The Gcomb Pkn Per)$￿￿ Tr Scbtd wiji ￿VIeW this ￿b1kn.ry ort art basis. Reserye$ Pob¢y Free ceserves are defir￿￿ reserves w￿"¢h #rr frtdy avaibbie #nd cxtlude re%rricred funds. de%wE¢d fiJJYis •nd any fixed assets. In coME￿A other ￿dePendent sch(M)b. the GovemoLs have mvested Substanti￿ %ums Lnro the School sire iti iecertt ytaTr. 4nd have * cOt)DAW￿ Progr￿￿ of refurbi%lunen4 dtvelopment investment to develop and rn￿nI￿n exceuenr faii]irie5 for our pupd%. Mthough the flee ￿serveS are ar a ne&Jtsvc kJan¢¢, this illuqttates the extent of inve5trnent in the School y￿ich LS common practice by mdependent.￿h0oL% which have 10 finance thew t>wA capitsi inve$rft*nr pl*L4 The Govcmors consider thaL wen d)t value OE &xed ￿￿ets owned by the School luKluduJg soffle a5*ers Tiot be￿g utili5ed For coie Sch￿1 need5), the avJilabk bankJng f#ubry. and the irtc£e2qe in cutLent and projecied studeni Lous. thexe Js no need to build up 2 free teseThTe. The Governors tecwse ihaE Ihe level of teserves flucDJaie< dutmg petJod< of Lttvtttrntni itt the Sch¢x)l and atran￿Me￿I4 Wlth ou bank are m piacc to provKl¢ an adcquare 'safety nei. when aT¥J if reguwcd. The Reservcs Pow ￿ icvicwed #n annu21 ba%L% due consNkrAtiOTh of tisks. Donaiion6 Restricted Fuods The School has been extrerr*li fortunate to receive bequests. donaiions and ￿[ts over many We￿%. The School received non des1￿#t¢d doThaty)ts% of £79k oveL the couts¢ of thr yt2¥. 12 QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS fot the year ended 31 August 2023 RAsk Managernettt The B(yatd of Govcmois is Lesp(xwble foi the 1Nnagen￿￿l OE the nsks (aced by the Chxnty. A RJ5k R¢gJsrtt ortd Ftsmewotk. dergJ]irtg sigmfK*nt risks to the succe5sfid contmuiry of the ChanLls 0￿"eCts. ts rnaJnt¥Jned. Cort%LderatiDn of mdI￿d￿￿1 nsks Js dekgatcd to the zppropnatt CornmLtttt. which [C￿¢v￿ these on 3 cy¢IKal bw$. The Bootd then revitws th.is cenrrdlly on * knjs. The key conttob used by the Ckniry indude.. Governor ovets4ht Bisk Frarnework A8e]￿*s and M￿)ur¢S for #U Boar<1 *yl Comitree Tem)% of Leference for all Comrt)itttts StrategLC Plan￿￿& budgetmg ind rnaTwnt *ccLwn¢ing protedure5 Esrablished orgafti52tioJui sttijctute. ck2r knes of ￿ and apprnpnate con5uILLuon Fomial wntten Pth￿s Cleac authoDsautsrt ar¥J approval kvels Vettrng priKedutts 2S Lwtjired by law For the protectron of the vujnetsble Through the e%Trbbshed n5k trAnagemmt pro¢¢durt%. the Gtsvtrnots #re %ausfwl that the major ti%k% idtntified have been adequately rnitygaied as fat as ￿ prActi(gb]y p0S￿bIe. It ￿ iecognised thar syste1￿8 ¢an tsniy providt reawnlblt. but ng12bsolure. Ossutartce th21 xrAjot n5ks have been adequately rnanaged. Kcy rLsk% Lnclude: Any $iThtyiiort which would ￿ve Iise to 2 declitie pupJ] toll Sch￿1 revtnues. incl￿e5 the direcr 3nd it￿lir¢cr unwact of a recess￿ry exccswvc Jnfiatic¥n. b￿[￿1¢[¢5[ r4rts kn8het ¢nrIgy cosrs The remowAI olch2auble sraws fot Jndependent 5chooJs Changes Jn the UK economy or an oveL5ea% econ(xnF from wlu.ch the khts)l ￿¢￿its LegilaU￿ or fjs¢ai changes. eithcr widun th¢ EdvcaEton ￿[0[ 8cner4Uy ot the ts]dq*od¢nt schools sector rrK>ce specilic3Jiy CompeDtiort frotn othei PTovJdeTh of i1thp￿dertl schoDI cducaDcAI A wficant cyber-arrack which involves the loss of pttsonal data and syufjcandy jfftpacts the operatym and tepu￿tiOn of the school Go￿8 Concern The Govtrnots haye corL*idertd the financial OF the the level of ftte Leserves. hq￿dIty, the 2023124 budger #¢comwJ4 cash fiow foR¢a$4 rogedkt the lo￿ itnn su2￿8}C pjan and the level of gdrnisqLons fgt 2024/25. A% a confeguence. the Tn]steL4 bejieve the group L& well p]a¢ed io manage ¢[% busitte%s Li%ks ucce%sfully 2nd that therE art t)0 Ma￿tIAl uncerrainties in yplying the go￿8 concem basis lor the preparation of the accounrs. Ststement of Disclosu￿ w Auditors So IAr as the Govemor& are awarc. there Is no relevant wjit mformation of which the Compnfs ¥udiror4 are u￿wate,. aNI The GoverrL015 have tsken 2U thc &tep.% that ihey (M￿t to have tskcn Dlrectors in oid¢r ro o)*kt them%¢lves 2war¢ of arty relev￿[ autht kn]form2tt0rt #nd to estsbiLsh that the Ci)tnpany's au(btor% are awate of that LnFortnaDon AudilOI$ MooLe Kingston Snuth ILP hgve mdLcated their willin8ne5S to conii¢we irt ocficc 2nd, in *ccord*nct with the prov]sJoo% of rh¢ Companjes A¢1. ir Js pwp05td th21 thty br tt-2PWted authtor4 for the eAsumg ye￿. The Strateyc Repory which form5 part of the Annual Re￿rt. approved by the Governor5 in theLr c*p*city Dtre£ttsr% in compatty Law of Queern4wood 5cbooL 13 QUEENSWOOD SCHOOL IJMITED ANNUAL REPORT OF THE GOVERNORS for the yeat ended 31 August 2023 By Ordtr o(the Board Ian Williarn Clcrk fo rbt Goycrnor Date- 20 Marth 2024 20l415.IlGW H J de s0￿6￿*¢eZ Chair of Governors Da¢e- Mar 20. 2024 QUEENSWOOD SCHOOL LIMITED INDEPENDENf AUDITOR'S REPORT TO THE MEMBERS OF QUEENSWOOD SCHOOL LIMITED Opinion We have audired rhe fJnanci21 st2Eetr*nts of Quttnswo¢xl SclMx>I LunLted (the trarenr ¢haur3blt compart￿ 2nd i subsJdJalle% (the group) foi the year endcd 31 August 2023 wh]ch comprL4e the Gtoup Statement OE F][￿￿¢1*1 Activiri¢%, tht Group and Parent Chantable Cor¥Jany Balance Sheets. the Group C#sh Flow Srartmtrtt notes to the fJnanc]al srAtements. Includkng %]grnfic*ni ac¢ourJon8 policies. The fJr&ncd rep)rtsng frarnework that has been aPp￿ed ￿ thejr prepar4tK*n 1% 3ppb"cibie Jaw UNted KJngdcun A¢coUpu￿ Srandards. ifKluding Finan￿al Reponing Standard 102 Tht Fin¥ncl￿ Rtpow Standard appbcable Ln the UK iTrJ Rcpublic of lttjattd (United Kingdom Gener211y Acceptrd Accounung PrActice). In ¢)w opinitsn the financial %1>￿￿¢0￿. ve a t£￿ artd fwr of the ststeof thegroup'5 3ThJ thr parentrhalltybk coE)yany's aff2LtS as at 31 Augu$t 2023 and of the 8w's incommg te￿)￿tteS and appbcatyon of re50UfCt% Incom¢ atml expendjtutt. for the ytAr thtrj ertdtd. have been properly prwed irt accoLd2￿C with United K￿lorn Genexa]ty Accepted Accovnting Pracuc¢' have been prtp#red in ¥cord*ttc¢ with tht r¢quirem¢nts of tbe cor4mri￿ Act 2(M)6. Basis fot opinion We conducted IM￿ AudLt Jn xcordance Internatiofia] s￿nd￿*0nAUdiutys IUK) OSAs(UK)) 2nd appbcabie law. Out iesponsibiliues under those S[￿dI£d5 a(e hjrther described ￿ the Auditor'5 Res"portgibiknTie% fot Ihe audit ol the fioantjal sratetnenr$ section of (X￿ tcpott. We ate tside[￿dertt of the chanub]e company in acco￿an¢¢ with the ethic￿ requirements that are Lekyant to i)uc audit of the financi￿ %r4temenL4 in the UK Incl￿ the FRC'S Ethitsl Stsndard. #nd we have fu]fJlled out other ethJc21 LeRp)Asibilities m accordance thtre rtquirtments. We bekneve thai the auilii tvidence we h*vt obr2ititd is sufficknii artd 4bpriynate to provide g for our op)nsCW. Cottchjsiow tel#ti￿ to goi￿ concern Irt audiw the fm2rtCi21 st*tement5, we have concluded that the Lwstee5' of dxc 8W8 tonctrn basis oE2ccI)unDng Ln the prepaxatstsn of th¢ financ￿ sr2trm¢nt$ LS approprtiatc. 4ed on the woik wt h2v¢ P￿f0M]ed. we have not identified any Tnateriai unttrainries reburtg to evenLR or conditions that. indivjdually or ¢olltCUVcly. may cast SLwfJcani doubt on the group'% and parent Ch￿l￿bI¢ ¢omp¥rJy's abdity 10 contyrtue 25 a Boin8 conceLn for a pe11￿ of at last Dve]vc from whtn the fjnartcjai statements Are #uthoIised for ik%ue. Iht rt JA agteernent the 2ccountsng records ind rcwrTL%. or certwn discliisuttq of rDJStees' remutttgtion specified by Lgw not mide: or we have thJt rectTved au the mforTn*tion *1￿ exp]an%rioTts we rt4uue for ¢)ur audit. Responsibilities of tnKtees % exPl￿ned mote hAlly m the rnjstecs. tespon￿b￿1ileS ststernenL the ttustecs Iwlx) att ajso the directo￿ of the charirabie company for the putposes of company ]awl ate tesponsibte for the pttparaDon OE the fJn2tkcial staternents and for betsjg satisfied thar rhey gve a and VKW. and foi such irntern￿ control the trusrees dtretinine Is necess3￿ 10 enable the prep¥ntion of financTrai 5Uten*nts that ue frtt frotn nute[1￿ ￿￿￿[*[¢[￿¢nt. whtth¥r due ro fraud OL extor. In piepallng the fjnanciai .4ratemcnts. the twsteL% att re5pofLsible foi a$5&5$[￿¥ rl* ytsup and prenr chatirablt company's ibi]iry to continue as A gomg concern. th"5clos1￿ a5 applicAble. m&tter5 related to going Concern #nd using the SO￿ Co￿tM b¥sis of 2ccowiung w)iess th¢ tr￿%[¢¢% irttettd ro I4￿dAte OL parent clmtitable compatty 01 to cease operauotts. or have nts rtsJisti¢ aiiern*rivc bur w do $0. Auditor'$ respowibxlities fot the audlt ofthe fiD*Dcial statements Our objectives att to obrain regsonable assu(ance alx¥Jt whether the financial stsiefflents as g who]e are free fcvm matetiai misstatemeft4 whether due to ft2ud or etrot. ￿ld to Jssue an auditor's teport that includes out opjrnon. i$5urAncc a lJJ8h of 3s511rJnCc. knt is nor a an 2udJr CO￿lUctca in accotdaftce wjth ISA5 (UK) alway detect a rnated ￿￿￿tr￿ernenr when it c￿Sts. ￿"s513￿ments can a￿￿¢ from fraud or error aDd ate considered Male￿ if, u)dividu2Uy ot Ln aE8regate. they ctALld tttqornbly be expected to influence the econo[￿¢ de¢L%ioll5 of LLW5 tthen on Ehe basLS of thtse financ￿ As part of an audit Ln 2ccord2nce with ISAS (UK) we exemse plofess￿nal judgement and profes510nai 5¢¢pticJsm th1o￿hOut th¢ authi. Wc a150". Idenufy" 2nd a%%t5% tht ti%ks of tydEt￿ missTXtcmtftt of tht fthat)cd st2tttntnts, whethtr due to ftaud or error. de.sign and perfomj au(bt pr(KedLWCS tes[Mm￿Ye to dx)se nsk5. and obtain aLdLr ¢wdence that L* $ufficienr and app[OPL￿te 10 pro￿de a b&%is for (Mjt opJnK>n. The Liqk of nor del￿tIng a matetial missyare￿n( ttsulung ft(hn fraud Js h￿her fotone rts￿￿￿ ftom ettot.is may involve rollusion. foyry. inteniiona] orm5$10lls. m$[￿reSe￿Il￿oI￿ or the ¢weuide of ujtrrnai eontrol. Obtain an undec5rJnthrJg of lniem￿ ¢ootrol ielewjnt to the auth"t ￿ order to desw audit pr(Keduces (hat art appropLLqte in the C￿c￿￿ks￿￿(C5. bJt t￿¢ lor the putposes ofexFLessi￿ an opimon on the elFtcttvene%s of tht youp and Parttti chatitabk Co￿ny.5 ititud tortuoL QUEENSWOOD SCHOOL LIMITED INDEPENDENf AUDITOR'S REPORT TO THE MEMBERS OF QUEENSWOOD SCHOOL LIMITED Evaluate theappropnatene%s olaccoun1￿ pohuLfi used aThJ the reasowbknrss of acco￿￿ng tstimates 2nd Leiated disclosures made by the rLusttts. ConcI￿le on the apptoptiattness of the tLlJStees' of the gomgconcern bas]5 of accounting and. b95¢d ort the audit ew¢krtce obts￿ed. whether a m¥teriaJ y￿<[[al￿ry ¢xi%ts rtL*red to events ot coftditiofts that tnay £*5r %igrufLcanr doubt on the group aT¥J parent ¢haatsble coryany's #biliry to continuc a.s * goirtg cortcem. Ifwc Conclude thai a mar¢oaJ uncertainty we rtegu￿ed to draw gttentson iti our auditod4 reporr 10 lated disckn"ure5 Ln rh¢ ftsmncial st2temen¢$ 01, if s￿h d￿]￿s￿re5 are irtadtquate. to mo(bfy out i)ÈTrJny)n. Our ctsnclus￿ns are b￿ed on the authi evNJence obuined up ro thc date ol out #uth'ror's t￿Ort. However. tveftis COrtdJtion$ may cause thewp orparent chritsbk company ￿ cease to conunvt as a goirtg concem. Evajuatr th¢ overlll p1esentstson.srn￿u￿e •NI conrenr of the fin4ncd ststrments.Jn¢lvdJn8the disclosures, and whether the f￿￿ncjal srAtement5 represent the Ufwjerlpng tt3nsa¢Do￿ eveThL% Lrj o m•nnet that achieve% presertt2ti0Th. Obtain wfficient appwptiats audit evidence regatd]￿ the firtanci￿ Inforn￿lI0ft of rhe eThtitse5 or b4tsine%s acawlles wjthin thtyoup to e.Ypress an opirnon (m the consob"dated financJJJ sraiements We 3Je r¢%porL%Jble foi the di[tCD0￿ SLy>eDTrsJon F*rf¢)mwKt ofthc %￿P*￿iL We temam solely rt%poti￿b1e fotour autht report. We communicatt with those ¢hawl with 8￿MInCe te8ardLtt& othet mattet5. the pL*med scope and timing of the *udir ond $iwfic￿r %￿j1[ 6ndthgs. *rty dtfioencies. JD jntern￿ conttol that we identify durlljg ouc audit Explanation Is IO Twb*t extent the Audit was considettd capblt of de￿￿ti8 11tt￿arities. its¢luding fraud Irrtgth"ut4 incknditig fra￿ are it)st*nces of J)On-coo¥b%nce with lav￿ ￿e￿tions. W¢ design pLrxedures Jn ne w)ih our responsibiknDes. oudined aTrxJve. io d¢reci rnareri￿ Trn%sraremcAL% iti respect Of Jric8thatJiie%, including fraud. The extent to whch our pttKedute5 are capabk of detecttng ￿re￿Ian0c.￿. Inclvdth8 frAud LS d￿e5 to those as$t%% n.%ks. arKI to r¢sportd ¥wOPr￿[eIy to ￿￿1*￿(C5 of fla￿ or S￿*Pe¢red idtrtuf￿d dw audii. Howevet. the ptLmgry cesponsibth.ry for rhe pLeventM)n and dctecuon of fraud iests ￿th both thosc chwd with g￿e£￿anCe of the cknitablt company. Oui 4)pr(rAch a% (oUow5.' We obtathvd an ￿nderS￿￿d￿gof the i¢ga] and r¢wlatory requtremrnrs *ppJi¢2ble to the chaurabk company and Con￿de￿￿ thaT the Most signL6cgnt are the Compan￿5 Act 2006. the Ch#tiDes Act 2011. the Ch2tiry SORP. 2nd UK f￿an£&I iepoTW¥ sfxda￿s as Is$￿ by tht FJnanci21 Rep)rting Council We ob￿illed 2n unde￿￿T¥j￿8 of how the ch￿1t#ble compatsy compknes tequiternents by discus5￿n5 with wAnagemenr and those govemance. Ve a5%es4ed the nsk of Tritenat mLSStaten*nt of the tLnan¢d 5t#teitJettts. includ￿ the o%k of maieti21 mi%%r2t¢ment due to 2nd li mi8ht oc¢w. by thscussJon5 m&ugernenr And tho%e haiged wth gowetnancc. We illqULred of rnanaryt and dK)se chatBed governanc¢ 45 to attT known ￿￿tancE¥ of non. compbance ot Su%￿¢t¢d n￿-C￿kn8n¢£ ¥ryi ttyLaTions. Based on this we d￿8n¢d 5prcific apprOPna￿ 3uthr pmcedwes to identsfy iTr4r*rt£es of non- c(mpbance wth laws and reguLations. Thi5 Jncluded rnaking eriquitits of mIr￿@eMent and th￿Se ¢hat8ed with tovttn2rtce arLd tsbtiinL￿ addiDtxd corthcauve ewdtnct 4uired. 17 QUEENSWOOD SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF QUEENSWOOD SCHOOL LIMITED There ate inhetenihmiouons in the ¥udir procedurts descllbtd aknve We le55 iLkely ￿ E*come of ￿￿tanC of rtort-nsLbLbty io any PArry orher than the chatitsble company artd chgntable cornpanls members aq a txwjy. for our autht Trvork. for this report. or for the op1￿0[L5 We havt forn*d. Date 27 March 2024 Jonathan Athens Iseruor Srdtutory.4udJtorl for and on behalf of iM(x)te KJn85ton Smith LtTr. Statutory AUdi￿r 9 Appold Sr¢e¢i Lofyjo EC2A 2AP IB Queenswood School Limited Conso]idaied Statement o( Finatta￿ Actswties (Jndudtsig knicome and expen&"nlle account) Foi the year ended 31st Av8V512023 Totsl To￿1 S)22 Fund5 INCOME FROM: Donauon5 and Icy ￿ ¢hstloSLyI FurthL'r daJi15 of restricttd funds and uhrtsttict¢d aft &vtth in 19 1ty] Xl. Thc ac<{mpan￿8fto¢L.* fl￿ paft fininoJ fu￿rr￿nt& ThLYc is t}￿ matctial thffcfC￿e Imcfn th¢ wo6T or loss onbnxry *ttiVitiCS b¢foye ramyots 2nd thc pto6ruY105s for thc }"eir above thwr CO￿ 4IDvgknit Conso]thted Ba]ance Shttt at 31st Ay5t 2023 No 2022 FIXED ￿SET$ lanybl¢ •syts io *3.183.721 555.196 23.lQ8.43? 374,507 38.917 23.48? 939 cuRRE￿r ASSETS 12 14 48,089 663,071 647.540 .969 J91.441 802J Dcbiots La%h ai bmk Artd in hand 1.358.7(K) 1227,766 LIABILfTVES C.tcdJiors." Amourtis fllhry th wtihitl one ytat ,YJ4,8% 3.413,151 NET CURRENT ASSETSIILIABVLITIES) 146,156 2 185 365 TOTAL ASSETS LESS CURREP LIABILITIES 21 J91761 21.297,i74 CREDITOR& falli￿ due •fter morc th•tL one ye Ixl 1116i,1361 ProviKion 16 25.896 43.605 TOTALNET ￿ETs 19 304.403 19.088.773 FUNDS OF THE SCHOOL Clled w $hu¢ c¥ital Restiicted funds Uftrestric¢ed-. RevAluauon ¢cser¥e Gcnc 19 23 494.677 23 7il.436 19 1.054.856 177S4 847 1.054.856 17 282 458 TOTAL FUNDS 19.JM,403 19,088 773 20 March 2024 ptxovd by thc G(pYctnor& Jthi *uthoti5cd f(x LI5￿ ￿............... ............... d 51Wtd on thLii FKhalf ty": H.J.dcsau5J￿r£￿............. CtympAny Rrp%w41ion Nth tYJ>1056t The aCcompanym¥ts￿C$ fu¥m patt olthcse saicmoi Balance Sheet at 31st.4u8USt 2023 2022 FIXED ASSETS T￿￿ble assccs Jnvcstmcnts io 2AIB3.721 555.196 J.108.432 217M917 ?3,68? 939 CURRENT ASSETS brock Debiors Cash li bank and tr) IKnd 12 14 48.089 33,969 348,728 331133 846.i63 714,830 LIABILITIES Ctcditori.. Amounts (￿￿8￿1¢ ISA) NET CURRE￿ (LIABILITIES) TOTAL KSSETS LESS CURREKt LIABILMES 21.154214 •1.055.140 CREDITORS: Am(bWlts fxllmK d afier mort Ihan one ytat 15¢) 32.462) P.165,1361 PtOViSiOrt¥ 16 43.66 TOTAL NET ASSETS 19,OSS.8i6 18.846.339 FUNDS OF THE SCHOOL Called up $h4ve cgpit•l Re$triCted hjnds Unte5ifieted= RCv￿￿IJUn IcSL'fV< G¢ncral 17 494,677 75l,436 19 I￿54.856 17.S16.J(N) 1.054.856 I7.tHO.024 Total Fwthd5 19.OG5.856 18 846.339 A%perni¢*d by s408 cornw￿ Art thc prcstnttd if%o¥m inc¢bii¢ HM(fflciit4nd tdqf£d notc% Thc comp￿Y'S wryJlu8 for thc pr £219317 ra)2E £467.&64) Apwvcd bi. thc Govcrnor* #nd iuthoEL*cd forissue r￿............... ..... .. ... .. Jnd thcir bchaifby. Fl.J.d¢Sawmaw4......... CompAn}' Ilwtraty(￿ Nu. (KIJ40561 "lThr a(CDThP*n￿nS rt1x￿ form vfthese Queenswood School limited Consohdated Cash Flow Sratunent Fw the Ye￿ cnded 315t August 2023 )2Z Nti Cash Eencrnted Irom operaunE aaiviiics 597Jl I￿14.959 "'IXL,d AssLt Adthiitms Pwchi&C of InYLSt￿rnts Pr(Jcas fr(xn sJ]c of fixcd i&fcts Pro¢ceds f[￿L 5alc of Invcstmcnt4 Movofnrnt In I￿V£srO1￿t [￿h lnvcfitm￿E 1nciwnc Ntl ca*h geneTrttd frorn/iu*d in) iIive*iing ac(iViUeS 73.5e4)) 126.OJl 312 28.139 471 21.747 (769.6861 166.91 ,97B 120.2211 (517.980) (755,8 CasTrL Altsw& frorn aL1ivilies TiyinLmt rjf Ix)rr(wJift Net increaytl{decrcw) in ash ￿ calh t4￿￿ .144 2J4,1 12)4.l441 Net increAKelldeCfe￿¢) in cAsh ryUiTalents 1154,8161 ?4.987 Cath and ¢*sh equivthnts Ai the start of the ye 1112J56 777,369 Calh and equifdltrtts ai the end ofthtyt 647.540. 802J56 Cash and taxb equiwaknts eOASiSts or.. Cash in han(L and at b￿k Ovcrdvzft &(ility 64?.YO 647.540 802.356 Noies to the F￿anc￿ Stitemenfs Foi the ye2r cnded 315t Awl 2023 Ac¢ourtling polici¢É Company infomuli¢) Thc QOeL*iSw￿ Srh(d fthe djatityl is lirniKd bysh3teS 3ndiwymrdin *nd Wa(Q& IThL Wstercd office is HirfKW HtrtfUrdshK￿ AL9 6N Basis ofptUi*. the cos( ￿￿th6¢d by ¢hc ytv*lulDon of irtvesrmcnts and irb xcordan¢e wih th¢ Aci 3KhS 3nd appi1¢Ab￿ xwuntssJ8 51111dAYds in th Utiircd K1n8doffl.'I￿ p￿tr(w< pth'¢ie4 wh*h hgvc be¢Th JrTth¢d cw*si¢nd)' throu01￿E thc year. ¥c set out low. Going Concern lTrt financ131 statcmtnts arc FKcprcdoTr whd thc i(xnpiiiFTJill cthititsuc Cxlbtcntc fof Ihc fufc*ublc fikturc. Thc GwcrnOt5 hiyc ak%tsScd **huh¢r of thc concem b￿$ IS ippropriatc hzve£othswlerL.d pu$*iNL cy¢ntS ￿ CIA￿lD￿nS thaf mi8hi C￿ Si￿16¢1n[ the *bility' L>f thc Cumpjny to contsnttc *% z wiing conc¢m. ThC￿c￿l)Ws h#vc assc8xd whcthtr the US¢ ofthr WKCLMlCCrn baqi% 1£ Ind h3VC nisi¢k.red possible ¢¥¢nts Dt )dim￿tt￿ pwl nLrnbers theaE¥lw' of the trnthrtgC(xTrP￿). TQ8rnCAtc tht at Icvcl$ Clxnp￿lbK. Pf¢WIU￿% yLgX%. H￿.v¢.¢. WL. )h￿thJ ￿y) ¢￿0￿14. thi¢ tkn hi% 3rb inc[c￿L in puwl roll to bcyoThd pTc- nJcmic k.vcls. .&ft¢t mikiftB ￿￿]guirItS Thc dct￿l¢￿ (c￿¢W by thc gvvcrnor5 ind thc M #Om&m￿Su[C$ th¢y havc pllt in plitc havc kd them to contludc thil thcrr 15 1 TC￿*bIC tAKK¢f4tioo that thzfStAbie ￿0￿P hts *dLNuarc ICsuur(cs tu conriilut exi%cencc mcct its liib&D¢5 th¢ ￿t￿¢. Tht ¢haittxbltw4)up Ihcrcforc cinTrnucS fo ad(y thc prcpzn￿¥ lis fin4tsoAI Buis of cons0lid#iio Thc finan0￿ sThiL.tti¢nts ￿(W[L. the rrwlr5, 355cts 3nd liiTrxh"IiEs DfouLYllsw(KxI l.ItnitLd *nd of its subsith3ri¢¥ for th¢ ye4¢. A 5¢p￿tC st3tcincnt of finan(i￿ for (hzriry It5cIF15 pfcsthttd bccausc th hirity has advantag¢ nFth¢ ¢xcmpti(m IF[￿ bs p￿h 304 DfthcSORP knd 408 ofthc C(th)p*rtie$ Iworne and Exptnditwc All Ini(>rninsand oulwng￿s¢￿jTCts art *cc0urt￿d x¢rttyl$ e¥cw &tstcd. Lycies arc rtcU￿I￿d in SOFA, *thtr¢ ihc thanri btyfig¢MAi6d irnrrnthryths¢hburrf)n *id the arnuuftt thcre iq r￿S￿ablE Icifiinty of the Icwy bLingrtcc%v¢d Fitwic4J hablhtiV6 *¥C t¢r0￿1$td Ehc thafftty ￿CurS 1 Wl Or cons¢ructiv ligation io d¢livcrftsh ut fwnci•l ¥$5￿ io*xth¢ F4m.. D School fees Fcc% arc fctwistd in thc fDrthich thc Xrncc 15provid￿ Fcc iilCIYT* afr¢1 ¢kiknDng ￿lOw1n(c4 schl¢rtrships ahd 0thLrrC￿￿55lo￿5 gttntc¢J ￿ the ¥¢ctsved Kutiittcd Fun& for SchkAishw Bu[safft￿ alld othcc8tsnts. ertswood 5th￿1 Iirniicd Noies to the Financi81 SuteJDeor5 For the yeai endtd 3151 Au8us(2023 {continwd) Donatiolls DortiDons includtdin thc ￿1￿ whjth tlyarc rcCLiVtd *r¢ indLwJed as"wJtL¥tricrcd fwid5" wil¢56 othcNrysc supdaird. Dthiaiiims teSth(Lcd b)" thc s￿7￿¢ vrishes of thr Takoi to-rorftictcd fittth.- Exptttdilllrt E%pLtythDJrtis accowied for *n *cCrt￿IS li is rtC¢yis¢d thLYC 15 iconstwctive Of lvl Obli￿tY￿n to pai for exPL￿thI￿￿. L'wthw¢L' ￿ apwDuncd tO¢¢M£*iwiLS ba*d utim*TLd ?m¢)ynt 2ttybupbie to ihJi in thL }i?r. "rh¢8¢ e￿MIl￿% alc Haff Tknnr gron Ikxx2XU &% 'lTh¢ irrL'covetabk ¢lLyncn¢ ofi'ATi includcd with thc of ex￿￿5¢ to which it ¢el*rL¥ C Taxation Und(Y X.coowb 505 of the lficomc and T•M¥ hct 1988 the C(Knwy ￿ cxcmp Etarn (Ertain Izxc5. Fdl aciDunt Is oftsx rr¢thts a¢tsthin8 ro thhi•ly(hi wjdcr PfrA￿ ￿ (kvthth lTh¢ c￿Y'S is SutVLtoCoTPDtaiion Nuprovi¥ioi 1$ mad¢ f¢)t dektted wlcr FRS19 is the rr*bn8sth*bary E.￿¢￿ti￿c$ covcfiants it¥ann￿l tuablc io thc Cryy. H Tanwbie fix￿ All tsn&blc fixcd asscts hcld by thc ch￿ty Irc for duntsbk Ifc shovm irt thc Shcct *t 10 hubs*JiafS¢$, assLKlXi￿ *)d j¢x*ity CthliTolltr] th)UDcS art i*ili*lly ffJ(aSUrt%l ai cosi 9rtd 6ubsegutsid}r ffl￿$￿ed At Osr les% iny iccumulsr¢¢J loy¢* The inVtsrm is mcgsured li Ihc pxcsenf vjiw of thc r¢yLYpts ￿￿￿o￿ted it i miikc¢ Alc ofmtCiCsL Othcr fin*thtial tssets Cliwficd &% fwt vilur throu8h wfii or atc rnci5urcd at valuc. L￿an$ and ttctivables TtJd(' di.bttst8, loAns other fcfLYvaWcs th￿ hiv¢ 6xcd ur drfCnn￿zI￿t Pxythcnts th*rarc nDt quu￿d in acri￿ fflykct Arc clAsgficd a8'1(nn$ Ycwvabk5'. rnusurcd xt amotDs¢d us¢ngthceffectsve intcrcst fflcdid, I￿$ Jny irnp￿L InrLYLSI 15 rtCowis¢d by appl￿￿ ￿ effe¢ove iTrtUC5t fot short.tcrrn rc(civknlcS whtn th< te£owi*t*￿) of mterut would ￿ imm*ien*l. Th¢ ¢ff¢cDv¢ Ini¢rcu 1$ i mcthnd ofalcuhtmg thc ziiMffli5cd tu5¢ oE* debi itt$inJmcnr 3J)d of aJlocAung tht snrLwrirKlwne ove¢ th¢ ￿evIn1p4￿7￿'lkn cffcttsvc inttrcst L21c is thr rate th&iLttcdJ' ¢bxounrE e5tsfng*d fuww (9th rL'ceiws ths(x¥h thL e￿L￿tta lifL' of the dcbt mStlU¥llLiIt ¢u thc r*t c*rryin8attyJuoi on Lnsryaj r¢cyityTri. Impaimkeni l?iTYiiicial ¥￿t¥, oihu than ht￿ it Prufit￿d irc for mth"uiors Ofi￿rm[￿lI[cllCh ortyns cndd Financbal xssets art Impi¢ed wher¢ thcte is ob￿￿Ve ¢vid•K¢ th21.3S i ofoneorfflorc cvcnts OCCUrrtd gf(cr the Initial rttUbmiUun of the fm*nth21 a&Yi. the esThi￿red fuEurc cath lknws havc b￿￿ iffrrtrd. IThc MlPiTrnL￿I kJSS is s¢iobmiS In wfit or IDM. Derecogoition of fipanaal ￿le FinJnci21 isstis arc dcrc(wtfd onl!" whtn tht llBhts wthe tlrws from the as%c¢ ¢yiyr. or it translcr5 the 6nJnoaJ a55Ct and wbstsrttiJily thc nsk54nd of CIiDty'. M Financial babiliue5 Basic fininctil liibilitieq irL i¢Mtszlty In￿￿UTcd al tTznSaCliun ￿£. uthIL** thc CWIXiryJT¢S 1 6n*ficingtrznsaction, whcrc thc dcbi In5tfirn¢nt IS mCa5urcd at thc prcscni valur oEthc f￿]r￿ thscounred at • tiurk¢r ry4rc of1nrcrcsT. Other 6swci•l rlwificd JS thtDugh profiLot Io&* *te mLXSUred ai hj'r vglur. Other financial kabikn.ties Othcr finzna21 Inhliiic4 zrc t[￿S￿red ar knr wluc, of irnn4acDthi ¢¢)sN Thcy subw￿ndy mtasurcd at Jfflorriscd c05t uSittÈ tht tfftUi¥t Jntttcst w¥th rnNY¢sr cxots)s¢ x¢t(wii￿ effcaivc iryrld bJSiL The cffectivc inreYe8( fflethd is i m¢th(d of d￿￿n￿lSCd tos( o(* 6n*thcia] l￿b]i iry and of#llwing InicfCS1 CXPCi75C over the ¢clevAni pcn(xb. lTh¢ ¢ffectyv¢ inier¢5t rntc 15 thc rntc thzt uKd)" thsc(vJr¥ts tstimtttd fijrwc pw¢￿¢$ thtOU8h thL L'x￿(1£￿ lif¢ of the finan R£￿sluns ro ac¢ouDtsng CSDm*re5 ¥C reco￿lse￿ Ill thr Pthod the is rc*IS¢￿ if the iL*iSiM it&us (xily ih9rpy4￿ or in the Fn(Ki of thL. ICW1￿ 2nd ruts￿L. pcthod$ if ihe (c￿510th •ff¢ct$ and ful￿e Th¢ vtitnatcs and ￿U(￿p￿on% vJhKh havc i yifirxnf fisk of x4'usmKn( to th¢ car￿￿•m(X￿t of J5Kty attd Iiabljtic5 Are btloW_ CtiU¢￿ judgemen Usefvl ecorlomic bvt6 Thc annuxl d¢prctiJtiun IDr Pro￿￿. *nd F£mSIDVL to th#n8ts io th¢ (sDmatL%I u5cM xonumic liVCS ahd ftsiduxl ￿lU¢S of thL' ISSE￿ The usefil <<07Tr￿tC Iive5 f¢gdwl arc f¢-￿￿d ￿￿￿￿).. ThLy arr untisatiun th£ roll¢h(u)n ofthL' PrOVi6ion8 Ihe Notes to rhe Financial Statemenis For the year ended 31 si August 2023 (continued) Int¢)Illc from a￿ltable •ctiviti Schaol Ftts CirUSS ftt$ Costs 0[￿ncTI￿n8 Totzl bur5antg. *hul*￿h1Ps afvjyanrs Othcr di5civAnts 13.783,397 1?.764.0￿) li.183￿) 37 .28 1 441181 341.216 1.410 666 11,3i3 384 Donatiom and Itgaut Unrc%titctcd tetciv¢d Rc5tnCtrd receivoj Incomc 58.624 19 48.44S 804 7&624 i1149 OtherlAcome X*22 OLhel IAcomE￿ Rtsoiirtts Rent rccLivablc Profv/ 0￿￿) OD di8poyI oftsnpbk 6￿cd￿¢(S OrhLY 74,438 19.9)1 147.618 70.953 81.610 ?41.9>7 li2.563 lThvegtmtnt Incohle 2922 UAwrrio￿F¥A Othcr in(crcSI 11.255 367 On11stcd 1nvcStm(IllS 10,492 Total Inve5tyncn¢ Inco io.oij Expcndiwrr Group difttr ch¥it*k eyp¢nth¢urc DLp[{￿1D¢lri AudLEtits' ILxniJnL11ti0n In¢t uf VA"rJ." For audil-.SchutJl . Ent￿S¢S For oikn serrices 486.932 531.764 21758 .880 4.914 5,052 4.92i 27 Notes io ¢ht Fin*nci¥J St*iements For the ytsr eotsj 31$1 2023 (continued) 8 Employets a) Avera8e njonthty nunknof cmploytts {ful￿￿￿teq7#Vth￿ij 'lThe Jv¢rJ8¢ ofpmw crnpjoycd bythew th¢ }r3rw Cost$ - Full iitnt - Part 2OZZ 47 25 52 17 47 - Plry tJm¢ 60 179 173 IILt of sttff thJLin8thcytart*as 241 ￿z1. 2241 bl of ioral employtt coKs 21Y22 Stsffcos¢s duDn8 tht Y￿r. balinc5 6,979.649 31927 648.144 773 160 6288 145 62.483 591754 709,910 7.753J92 S¢KixI SCCunt¥ tth%ts .43J.880 hC￿th & saky. rcrruitmrnl MovLYnEni irt proviw 122,(h58 {17.769) 114.720 1157,74T) 8 $38.179 7.710.365 el EmplDytt Thc numbcr urhi0￿¢ p￿d 2022 £60XOi- 00.(#)) £10,￿1 - £80,(K £￿.(1)1. DX).(KY) c)0.￿1. £lW.WJ £lCIJ,￿l-£1l0,{(I) £120,O)1 . £IX).oYJ {150.IK)1-£160.(KKJ PwsiDn WtiibUtsoTh*im(xinti￿8 w £127.766 {￿22 £￿,621) wtr¢tn￿c fof N*lve P)22 F4X) hightt pgrtl cmploytts. NoGov¢rntY5 fecuv¢¢J zn¥ emolumcnts in ih¢ year ttthd 31 3PJ (2021. Jnd Govunors ifc rM)r Includ¢d sn ihc nwi)brr of prrstjns Libpiw'r(i •trwJV¢. Ort¢ GovctyL*was wmburxxl exwsL¥ ifi a)23 £1.6J7 ￿)22.. £858 onc Gwctnorl. KEY P£￿Ortne1 Kc} fflina￿t wrt¢l tncly& the GDvcrrN￿. Ind thc SeThior Cxctijti￿E whith trc up oftht PDntipl, thc Bursir and thE Tht totsl It￿ bcncfits ￿¢¢iV£d b)" m*wynLIIT KY-Yson*el wty¢ £618.52? V022.. £Y3.8381. FuutmL*TrbLYS ofth¢ kes" pLisonThel *¢c¢Kruno&u(MJ in ordEr co ¢￿ble theffl wunthtr3ke wfic dwies Ear the {%)22.. f4)utl. 28 Noits io the Fjnancial Staterntnts FOE the year ended 3151 Awt 2023 {coxktinued) Anaty$i$ ofT0￿1 Exptndi(Wt 2023 (IT Other Depreciation TotJl Cogt& of 8enerati￿ fund TiithngeypLiithtutc. QUeen￿Y￿Nj Entccpxi￿ Ltyj 110.989 110.989 1593 Ch*tiiabk A¢iivilieS uc3[￿￿ b¢Mrthng W£lfarc Prcmi%£S Tc(hnol 5J6?OJl 799,258 53Q162 139.648 1.617)14 101.535 545294 4)8,372 1.567.919 3YS.873 48B.537 33.664 $907J25 .407.630 591.013 470,i21 1105.851 lJ5.199 486,952 Peosion provi6ion 117.76ty) 117,769) 8 538 179 3 688241 486.932 117133i2 Analysis ofTora] Expcnditure 2ff22 5￿ff Cos lind Tt*inin¢) DtprtLIAtiOIl To￿1 .1 t*din8¢xJK￿d1W[¢. Quctn3wfKxI Entcfjxi*cS L 86J69 86.369 Inves¢ment Man4ernykt Costs 1972 1972 Charitabk ACti￿rIeS Educatmin and b￿[th￿S Welfate PTcrw5CS 'IE(hnol Admini5tratsoTr 5.035.463 633J09 4fJ).692 %)75)5 476.439 1.248.858 251357 394294 29,1Y 5.542,96 1.109.74B ?41,314 371757 1.913,303 131246 531,764 1,515,¢Y)9 103.239 Pension provision Movtmerti 111 Exit Indwdent.*hod p￿SK￿￿ khety 1157.747) U57.7471 i.liU.Jb I l.d4).YXJ NoTes ro the Finan(ial SraietDenis Fot tbe yeat ended 3151 Awst 2023 (coniitiued) Twbk Fix¢dAssety Frtehold IAibd attd Plahi Buildjny Eqwpmew Fi¢ Moior Vehick Toul C¢Jsts ofgenerJiing fitt At 31StAu8￿[ 2022 Ad(linon5 Dys￿$ 171112 35ij,?48 21J.692 6)3 596,480 24,496 24110.961 573.550 64.45 30SS At 31x Au8U51 2Q23 Deptt¢i￿to Ar31s1 Ayt 2022 Chu8e for ihc ¥cat Dy$￿$ $80.IYJ 28,620,ThS2 3J95J55 124.924 23.6?3 445.898 56.074 .734 XCO? 529 486.932 5J.12 934 1,773 AI 31M 2023 3.496166 4742JB 5.436,341 NCC Book Valur At315t Ayr ￿2) ??371.934 ?48.461 25.183.ni ?? 172.)1? 159.693 626.015 ISlJ.$82 11.108,432 "thttc IS * fixLd ch4¢ ovei the and 3b(wo Frethokl L4nd and Plant and Buildings Equipt)thi FixLurt* Company Motor Vehicles Fiiur Total Cosi Orvaluaiion At 31st Awt XI22 Adthothis rJ.172.Jl? 3555.248 213.692 1.787.1?1 JO&5 596,4W) 24.496 28,110.961 573.560 D¥osds 11ts13 64.45 Ai31x Auyt X)23 22201.934 ￿27 ￿671 580,130 Deprt¢r*tiO Arjlst a)22 Cha£8e fo¢ thc DISP05als 3J95,555 124.924 23.613 1.161P76 )&934 1.773 445,898 56.074 5.(X)1529 4B6.932 P41 31M Z023 3.4ty6J66 1.4652J7 474238 5.4J6.341 Nc¢ Book Va￿¢ At31sr Augwr 2023 21J)1.931 ?4&461 627.434 I05092 23,183,721 At 3l%t All￿ 2022 22.171112 159.693 626,045 19].58? ?3.108 432 (2ueenswwd 5clKX)I tirnited Noiu to the FJrL2nci21 StaLemcnts Fot the year 31si Aug￿51 2023(rolliinued) Tryble Fixedknell (continutd) Frcchold land ind ￿ll[lin￿ at c05forv￿￿1￿tsI ithtlu(k5 nJ95.421 x 31sr Mafth 1979 rC￿￿d Imi thc bxMs of re-InSNrLXn￿tr c05r1￿5 jjlow￿cC fDr afttt *t¢vunl vf Subse4ucnr thspoul* In xcothce t..1￿ 102. thts h*5 been trc2tixl kn a histonc c()5¢25 11 thc datc of r(mvctSKJn ro tht FLS 102.K)RV. Th¢ hzvr insutcd fm A dcclatcd vajuc of £l(K).l61J44 Im. £92.819.998) FollowinB211 It￿￿rmEnt by thc G¢w£L7K￿f th¢ l¢ttin8 of Qvrcnswur sch(￿ to utcrnal clicnts. The WJKbWtofaptd Thi tC$W￿5 wl th¢ tcwlrs ofthis for thr ltstteltvant fittAnci*l )'tar Werc as Pmfii (or theyear 140.171 242433 L)ull￿ the fifiarLcial yeaf Qkntsnswod Schtyjl iimired ffl•dE lech*￿ of£89.918 P022.. QJO.222) to QuLDlSW¢M)d EfiicYw%$ In reswt of facslitjry and Uk4th A159 dunn8 iht ynr I￿rc￿5￿(m￿ EntctPfi5C5 owft2id distribunon of £67.IKKI12021. £￿.[￿) toQurCnswI￿ iAfflitrd At thc balkncc shLttd*tc Qu£cnswond SEhod iitnjted owcd QlLYnw￿ kntctPnSC5 iA¢r￿tcd £1859120ri.. £i.oJo). S¢ork• Gro for te51 Fir￿￿<141 Jnsinmients Cwjp 274)YJ )J6.18B 207.592 )65,240 blc&qurcd arirnTh*wd c 3.32? 558 3.244.￿] 3.273.084 3.]￿.273 14 Debtor4 Ctsnjpany 2022 ynthin pr. 481.544 13XJJ78) 113.173 388.732 423,69J (266.1681 48,663 185,253 481.544 1320,378) 46.426 386,613 4*J.693 12fJ6,168) 7.715 183.488 for dDubtfid dcbts "rtade dcbitsr5 Pwzymcnts and ￿tfuL￿1￿¢vIllE 663.071 J91.441 32 Notes 10 the Financi￿ StatemeDts For the ye¥r ekided 31st AuyLSt 2023 (conwiued) Credito a) knoynts fa]]1￿ dutTrithin (Iiitytsr. Gry Comp CLUtcni Insi￿rn¢￿ts t￿P￿"ts In(*£ 15¢f) I fadc rrLxlIttx bchLxII fc£8 ifi ￿VInCe FlirL F￿[ChI￿C Jnd fm3ncc ixascs Bank103n Bjnk OvcrdAft Othcr fLTaU(th *Jua] secuthty a)sts Other crcdi¢ot$ AitnLaJ4 Ind dclcvTcd ￿t￿mC Amounts due iogrow> widur3knF> VAT pyzblc 40i.015 63.588 196x083 424.812 19l.743 I￿71￿95 405.015 6J.SBB 1.96i.083 4?4.812 191.743 1.874.893 4.144 2J4.144 234.)44 234,144 l51356 192.847 326.452 158.182 170.884 151356 19?847 270.804 1.030 170,884 1859 15.8B4 3￿056 3.431266 3.34* 629 bl Mowemtni on dcferyed i￿(￿ne Group DcfLtttd incomc b¢whT fthygxd RelvA5ed in ye Ncw PfoVi510n adde¢l 1.966.103 1.989.239 11,874,893) 11.874.715) 1,941.&)5 1.851.i79 1,966.103 11,874.8931 1.941.805 1.989.239 1,8il,579 Dcfciicd intornc Ctirritd fthward 1033.015 1.966.103 ?033015 I he dctLrccd incu1￿L y￿eLv￿1￿ woé5ck￿ Eccs for (unJrcyeaw%. Gioup Comp cl Amounts fallin¥ dut aftcrthflrt than orle yew. 2J Schod fecs ¢kpO￿'ts (hor)I fccs In Bxnk i￿an rifi￿ce ￿*$¢ 1,481482 IOJ3.015 1.1513)7 lJ17531 1.9f4>.103 lJ85,351 1.4B2.482 7033.015 1.15h,3)7 1.347,531 1.966.lOJ 1.3As.SSI 4.666.704 4.698.985 4,698,98> IAs& Afflounrs due 4fit1￿n hool rtEy dw51t5 School fecs ifi {40&015) 1424.8l2) (I,%i,085) 11.874.893) (254.14 [234.1441 1405,0151 1424.8121 I1,￿5,08]I 11.874.893) IJ? 4.1441 1234,)44) Ftinin33.849) 11(Th.242) R533.8491 2.161136 Thc 10 tl¢x*ble Exbliry 5taninBm Jui[ XJIB rcpaF*bk m 4ual iffimalmtsits with an int¢rc5t" rafc Df1.95°/• pcr *)num bvtt the bAse rnTC dl Matwity of financial ]ithl•tye• fet d￿￿M￿S fets in JdvJn(c Ililture as foVAY*S". Withm yEat HcNccai five )￿￿% Alit¢ fivL }'ttIS Tht l(YAn is fLyApble ￿ fdo Within ¥)ne )eat Bctwtta twoind fivc }rtt[S Afict fivL' yuis 40i.ols 788.9 288.477 424.812 n3,968 148 7il 405,015 424.812 77J.968 14g.7il 288.477 234.144 917.(b3 234.144 9Mi76 214631 234.144 917.N>3 936.576 214.631 33 NoLeS to the Fmlncd StatetDents FOE thc y¢ar 315t Au8usL 2023 IconliAued} 16 P￿￿810￿ for liabi]ityu •nd (b¥T¥e COmp￿Y Pension provision Ar I Scpttmlxt (()cctWLII T￿C￿￿e Ar 31 Au8usI XI22 43.665 17.76 1.412 157.74 43.￿5 17.76 1.412 157.74 25￿96 4J.665 Thc schwl tCCWiS<¥ 125,896 P022. £43,665) 1E% fdati￿ to the (l￿A￿d Pensi￿ 5Ehcmc. Thc pro￿￿10n is itty*l￿NbIC iu The CTIo￿h Plafi poi9￿. the wll f¢ViCW thi5 liabi11ty (XJ affl b￿5. 17 Share 23 Allottcd, tsllcd up and tdty" pwd.. 23 Govcrnix%' 5harcS of£1 ach 23 23 33 Queenswood Sch(rt)l Limited Notes to the FirtaJ)o￿ Statements Fot the yeat thded 31st Augusi 20?J {continued) 18 A]]0¢￿10￿ otthe Group NeiAwets 3nJ Fixed Asse(s Liabilities Pr¢7ViSiOnS Tothl Tho nttztsscts 2rc hEld for thc v31iou5 knds is fdluw5. Re0￿cted Ufttutricted fund4'. GencrJl (tsrrycs 35%196 l39.481 494,677 23.183 721 8&6J (hS146 25.896 I1￿.7 23 183 721 5146 25.896 19.J04.40J Allocati¢)th o(ihe Grts￿ Nti A6ttfS 2022 Fixed Totsl Thc net Issets Jre hLILI fut th¢ various fi￿d$ is fdiovJ5. ftestricted flmds Unrtstricied (unth: zj.io Goieral rwrv¢¥ ￿432 374 376.929 751,436 1165.136 43.66 18J37.337 23.10&432 185 1165 136 43￿6 19 088.773 19 Unrc51ricicd Fund5 Movcmcnls Ai31 Aug￿¢ AIJlBt Grow> 2011 Utire51ri 247.940 17.7>4.847 1.0>4.856 18,337J37 11915.208 12.690 75 I8.WJ.726 Ai 31sc At 316t Cornp liThe51mtnl Gains Tr4nsfer• Untt'silscied.. Callcd ¥ 5harc taptzl Gtntral ReYaluiti()n r15C(Ve 17.040,024 1.054.8 li￿8,1￿) 112579.770) 247,940 17.516J( ),054.856 247940 18 571.179 35 Q￿￿$v00d School Limited Notes to the Fit)at)081 Statement5 For the year ended 31$¢ Augu5¢ 2023 Iconiinued) 20 R￿111cled Futuls RestiiC(¢d bJn(ts ,575 SS9.255 2,847 494,677 116.718) ?47 ThL FtattdcMTrCiifi rcL7¢cS W a spccific has truicd fijfvj as w the iuffls ind CWLhuLMS of thc Tr13¥uh￿TT￿i Dcrd. Th¢ H*rtdoDGI& ￿ndS 1 Bulttry which is iL¥exp90d the Blo￿ vtythi of thc xlth and cyposur¢ of sNdcrtr5 ivd*YMo' artd ¢Jff¢rOlCe. Other rcytiittcd donatioffli £X).IMXI {X)22 £48.445}￿￿[C fCfUVL4d to￿ thr S(hod th¥kn(J- 21 Reconuliationofchanges in ttsourn ￿ Nc¢ Cuh (oudlm)/Irtllows fiom OperntingAcLiViiiCg Ne( mcum1￿8 rcSource$ ftr thc yeknio da - 215.630 41xfi.569 AdjuS(ML￿ls lor. Intcrc5t rcc￿vcd on inVc￿￿1CnE 51(prufitl an of fixcd ztstts DwciIat￿ and ￿p￿rT￿C￿E fixcd ISSLYS InCr￿scI{￿LxfclFC1 In pro￿510￿5 DccrcJSE/(T￿cr￿l5Cl In dcbturs InCr￿clIdC£[￿￿l In cruhtiKs ([n£r￿ClIdCC¢e￿c ith 51(xk (21.747) 63.081 486,93? 117,769) 1271ts30) 223.195 531.765 1157.74 139,8071 161.0 89 597JO8 1.014.959 22 Financial Commitmttbls At 315[ A￿s￿E I)23 thc Nryoup hzs *n#ual <#n¢d1￿ ¢VA¢ith%lLaS¢S *% fdlow. E4UiptllcM Equipmeni than tk.tW¢L'n Dvo and fiv¢ 26.679 64.625 91J04 26J83 26J83 Notes to the FAn#ttci￿ Stxienxents Fot the Ye￿ ended 31st Au8USt 2023 (conknued) Zl PttssiOA Co$ts The PensionTruAI- The Gmih Plan Thc cvrnpAiiy pzrntspifc5 ihe schthTr4 g M￿[*-¢￿￿oYcf Yh¢fflcwhth wovydc5 bEllc6ts to Sthhr 638 IXI?1.. 638) IKITh. ass{￿ared PirutipaDng tmplwern The schune ￿ Ide￿Lxi i￿¢£[XhrynC￿ thc UK. It IS not [m)5￿ble the blain %uf&ticni ififoymaum io D72bl¢ it w icc0￿￿ the schtffle Js J iKncfii schemi.. Thctcfoic ir lccounis fos tht schcmc 9$ a dcfm¢d ¢￿￿b￿n￿l xhcmo. lThc ￿hern￿ 15 subicct to thc funthnslrp$lilJDn outlina Ill thc PoisioTr$ Act 2OJ4 whiEh (￿t into forcc Dn JO Dc¢ember 2MS. Th￿. to8¢thcr41th issued by th¢ PensLi￿$ Rwhior Jnd Actiiinl Stsnd*Tds issu￿ ￿. the Repou￿￿C￿lln(l1, sei ihe ftyJTr¢wth* fllrt¢hnBdtfinod bcnEfit schcmc* sn the UK. The 5¢hcmc t8 clas8i6cd a< i W$t.rrMn ng￿n14￿ctS l*]ty wuirtd 10 tT*e( thcir shut of the xhLync ￿C￿lt artnuiry pwr aknkcd thc ￿ttiCipalIng employus ru the schcmc ￿ Fdlows". Defitii Coibtsibutioni 1-.ttsm l Apt¢l 20)9 [0 30 SepTemkn ￿2&. 1,243,(YY)w (pAyablc rnmthty b)" 3°h och J A￿r) The t¢wit de￿Ild In thLSc Ltisclo%llrcs. The unwm(lingofchc dk%cfxmC r*(¢ IS ¢¢£c￿lSe￿ as * firthWK¢ COSC Pre6eniValuc6 of Pr¢wi6i(111 3IAwsl 12 31Aws P¢exnT V￿￿CS uf 25A96 43,665 X)1.412 37 Quttnswwj School tirnited Notes to rhe F￿an0￿l Statemenis For the year ended 3ls¢ Aug￿1 2023 Icontsnutd) 23 Pen6ion Costi (coni) Ycat thdtd JI Awsi 2023 Ytrarended 31 Au8us¢ 2022 1TrrovJ￿th ttt siirt ofthc yc*t Unwndins uf thc fac1￿ (Intcre5t W5csI Dcfiat [[￿tri￿￿{m Rcfflcasurcfncnts. ifflpct off￿Y c1w1￿ 43.665 1.491 119.LXJ31 125 201.412 1,140 141.(HZ) 11.9241 I}fo￿On ar ilx. iiid of & wiod 25.896 43.665 It￿0￿¢ a￿d expthditUrÈ iillPXU Yeat thdtd 31 hUg￿t 2023 Yurended 31 Auyst 2022 Int¢tC5rexpc*15e RLI))elSllf¢inaifs- irnpxi 4pf An} ch*y ir• ￿uMPI1¢)nS RLThr4SU¢I'moirs- 2rnMLthL7I￿ W The COn￿b￿n￿l xh¢dule paid In ofknrr SCNC Cosis in mc¢m¢ ¢xtK*thDJrt 1.491 125 I,140 {1,9241 *ncludcS dcfincd CuntribuD￿ xhemcs and futurtSDWitt C￿. excludifig*iy de6cii t¢duct￿ p￿chu￿) to ¢lc6iiL'd bcncfit SihtmcS whiih Irc trtsttd ts drfincd (orthfion St￿<* To bc bj. thc JI AuEusT 3)23 JI Augus1 2022 % perannum 31 Augvst 2021 /• pv ar￿Wry Rite of 0.63 lTre th￿Qunt ratc$ 5howft 3bov¢ ¥e the £qw￿l￿1 5in¥le th￿aUnt tatC5 thch. whim to thL tutslro ￿covcry plz conuibuii0113 du¢. wouldwc ih¢ ¢¢$￿￿ full AA c(hi)(ntc knd )Itld cU￿t t04hsCOWit thc 5￿C rccovcry pl￿1 'Ilr foll¢)wifigYh¢dui. d￿￿15 ihe (kfiur ctsitrllyJ￿$3￿ut1￿ bth￿[ of 5LI*Y4riihin the s¢hem¢ ate mAdc ro ToTal COnVJbuUOrt5 made ro rho year £l.111).607 DXJg)l. The roiil r*rt%ion £uTr￿bUtiO￿5 wh￿h SDU Outsun¢thryL%Ai the ycu £94791 (J121. llM>.(K%81. 24 Cawial commitynents Amothir5 crniiricttd f(Jr but ￿dtd in thc fin1t￿lI statrfft￿ts z*)KMthEcd TO ￿￿)8￿ for Thewup ¥Jid comw> ty)22 £9,696). 25 ftei*ied PaityTraF￿rl1o Dullttg th¢ ytJt th¢t¢' wetc no d(mityonq from'ftustCC5 P)22." 110 doth*UOnS frthn Trttsi(*sl. Tn ad(btyon thLYC Wrye o donltions from Kcy Manwt %ttff la122". no (knaiiorts ffom Kw. M•wi knft). 39