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2024-07-31-accounts

THE SAINT JOHN’S SCHOOL FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

Registered Charity No: 312064

THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

CONTENTS

Governors’ Report 1-17
Independent Auditor’s Report 18-20
Consolidated Statement of Financial Activities 21
Consolidated and Charity Balance Sheets 22
Consolidated Statement of Cash Flows 23
Notes to the Financial Statements 24-39

THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Council and Trustees

The Council of The Saint John’s School Foundation consists of Governors who are also the Trustees of the Charity. The Governors who have served since 1 August 2023 until the date of signing are:

*Tim Beckh MA (resigned 13 Dec 2024) Keri Blunden MChem CA (appointed 2 February 2024)

Clare Davies BSc (Hons) Tracey Fantham MA NPQH (resigned 4 December 2024) John Gravett (OJ) (resigned 26 November 2023) Chris Hutchinson B Met C Phys FRSA (appointed 22 April 2025) Lesley Moon FBCS (Chair until resignation on 13 Dec 2024) Dhiraj Patel MBBS BSc (Hons) (appointed 2 February 2024) Sandra Phillips BSc (resigned 13 December 2024) Alison Pullman MA (Cantab) FCIPD Ed Russell BSc (Hons) MRICS

Ed Sanderson MA John Saunders MA (Cantab) (appointed 21 June 2023) Nikki Senior BSc CA *Bruce Shaw BSc MRICS

Nick Teunon MA FCA (Chair from 14 Dec 2024) David Wickes MA (appointed 21 June 2023) Scott Williams BA FCMI Simon Williams MA (retired 2 June 2023) *John Willis BA (resigned 4 Dec 2024) Angela Wright (resigned 22 September 2024)

* denotes more than nine years’ service. The Charter and By-Laws do not limit length of service but re-election of long-serving Governors is informed by a full skills audit and rigorous review of Governing Council membership.

Governor Membership of Committees during the year (1 Aug 2023 – 31 Jul 2024):

Education Estates Finance (Chair) Bruce Shaw (Chair) Nick Teunon (Chair) Ed Sanderson Tim Beckh Scott Williams John Gravett Ed Russell John Saunders Nikki Senior

Tracey Fantham (Chair) Bruce Shaw (Chair) Nick Teunon (Chair) Clare Davies Ed Sanderson Tim Beckh Lesley Moon Scott Williams John Gravett Sandra Phillips Ed Russell John Saunders Scott Williams Nikki Senior David Wickes Angela Wright Nominations and Remuneration Risk Management and Compliance Safeguarding* Tim Beckh (Chair) Clare Davies (Chair) Angela Wright (Chair) Clare Davies Lesley Moon Lesley Moon Tracey Fantham Sandra Phillips Sandra Phillips John Gravett Alison Pullman Scott Williams Alison Pullman Angela Wright John Willis

Tim Beckh (Chair) Clare Davies Tracey Fantham John Gravett Alison Pullman Bruce Shaw Nick Teunon Angela Wright

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THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Governor Membership of Committees during the year and as at date of signing (1 Aug 2024 – date of signing):

FIESTA (Finance & Estates) EDSAFE (Education & EDSAFE (Education & Risk
Safeguarding)
Keri Blunden
Ed Russell
Ed Sanderson
Nicola Senior (Chair)
Bruce Shaw
Nick Teunon
Clare Davies
Chris Hutchinson
Dhiraj Patel
David Wickes_(Chair)
Clare Davies(Chair)_
Alison Pullman
John Saunders
Scott Williams

The Head and other members of the School’s Senior Leadership Team attend as required to inform and update Committee members on the day-to-day management of the School .

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THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

REFERENCE AND ADMINISTRATIVE INFORMATION (continued)

Head Rebecca Evans BSc MSc_(resigned 31 August 2023)_
Alex Tate MA(Oxon)(Head from 1 September 2023)
Finance Director(role made redundant 31 July 2024) Sian Holwell BSc ACA_(left 31 July 2024)_
Chief Operating Officer Harrie Todd_(since 17 June 2024)_
Operational Name The Saint John’s School Foundation
(also known as St John’s School, Leatherhead)
Principal Address Epsom Road
Leatherhead
Surrey, KT22 8SP
Solicitors TWM Solicitors LLP
Sweech House, Gravel Hill
Leatherhead
Surrey, KT22 7HF
Veale Wasbrough Vizards
Narrow Quay House
Narrow Quay
Bristol, BS1 4QA
Independent Auditor Crowe U.K. LLP
55 Ludgate Hill
London
EC4M 7JW
Bankers HSBC Bank plc
10 North Street
Leatherhead
Surrey, KT22 7AR
Fund Manager Rathbones incorporating Investec Wealth & Investment Limited
(UK)
2 Gresham Street
London, EC2V 7QN
Property Advisor Patrick Gardner & Company
1/3 Church Street
Leatherhead
Surrey, KT22 8DN
Insurance Broker Marsh Education Practice
Capital House
1-5 Perrymount Road
Haywards Heath, RH16 3SY

The School is a charity registered with the Charity Commission for England and Wales, number 312064.

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THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

The Governors present their annual report and audited financial statements for the year ended 31 July 2024 which comply with the requirements of the Charities Act 2011, the School’s Charter and By-Laws, the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ 2015 and legal requirements of The Charities (Accounts and Reports) Regulations 2008.

The Saint John’s School Foundation was established in London in 1851 for the education and maintenance of the sons of poor clergymen (Foundationers). It moved to Leatherhead in 1872 where it continues to operate and trades under the name of St John’s School, Leatherhead. While retaining its identity as a charity boarding school, The Saint John’s School Foundation gradually developed the characteristics of an independent school and began to attract feepaying parents and an increasing number of day pupils. Girls were admitted into the Sixth Form in September 1989 and into the Fourth Form in September 2010. The School became fully co-educational in September 2012 and from September 2016 has accepted pupils from age 11 into the Lower Third (Year 7).

Henceforth in this report, The Saint John’s School Foundation is referred to as ‘the School’, ‘the Charity’, and ‘St John’s’.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Charity is incorporated by Royal Charter and is governed by the Second Supplemental Charter and By-Laws which came into effect from 31 December 2014 (amended 10 November 2021) and which consolidated, with amendments and additions, the Original Charter of 1921 and Supplemental Charter of 1982.

Council

The governing body of the Charity is the Governing Council which consists of thirteen Governors currently and may not exceed twenty four. Governing Council meets at least three times each calendar year and delegates various functions to Committees which undertake the work of planning, implementing and reviewing the School’s policies and aims at a more detailed level prior to discussion and approval by the Governing Council. The aims and objects of the Committees are as follows:

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THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

A list of Governors who have served since 1 August 2023 and membership of Committees is provided on page 1.

Governing Council takes its governance responsibilities seriously and aims to have a governance framework that is fit for purpose, compliant and efficient. In February 2025 a governance review was undertaken by AGBIS (the Association of Governing Bodies of Independent Schools).

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THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Group Structure

A separate company, St John’s (Leatherhead) Enterprises Ltd, deals with trading business related to the non-core activities of the School. Profits generated by the company are donated to the School.

Management

The day-to-day running of the School is delegated to the Senior Leadership Team, comprising the Head, the Senior Deputy Head, the Chief Operating Officer, the Deputy Head (Co-curricular and Logistics), the Estates Director, the Director of Safeguarding, the Director of Governance, Risk and Compliance, and the Director of Marketing and Communications. The Senior Leadership Team is considered to represent the key management personnel of the School.

The remuneration of key management personnel is set by the Council. Pay for senior staff reflects the market for comparable jobs in comparable organisations, the level of knowledge, skills and experience required and the responsibilities and accountabilities associated with each role, the performance of the School, and the individual contribution of each staff member.

OBJECTIVES AND ACTIVITIES

Charitable Objects

The objects of the School are the advancement of the education of boys and girls by the provision of a day and boarding school or schools in or near Leatherhead in the County of Surrey or at such other place or places within the United Kingdom as the Council may direct and by ancillary or incidental educational activities and other associated activities for the benefit of the community.

The School’s statement of intent is:

St John’s School is a registered charity and a partnership of pupils (past and present), parents, staff and governors. Together, these groups form the St John’s Community. The School aims to promote academic excellence, intellectual curiosity and a love of learning. In addition, it provides a caring pastoral environment in which each and every pupil is nurtured. Co-curricular opportunity and an all-round education for all are central to the School’s philosophy. We hope to foster in our pupils an appreciation of culture, music, drama and art. We also wish to instil a sense of leadership, service and responsibility. A St John’s education prepares the pupils for progression into higher education and the world of work beyond. The School is mindful of its history and is fully committed to widening access from across the community.

Principal Activities

St John’s is a senior, independent boarding and day school which provides education to boys and girls from the ages of 11 to 18. The School welcomes pupils from all backgrounds and selection is made on the basis of an assessment at St John’s in the January of the child being in Year 6 for entry at Year 7 or Year 9, or an academic assessment and interview in the November of Year 11 for entry into the Sixth Form, as well as taking into account a child’s co-curricular strengths and a report from their current school. An unconditional place is then offered for Years 7 and 9, whereas for Year 12 a conditional place is offered subject to the child achieving the required grades at GCSE or equivalent. Special arrangements are made for pupils who attend schools that do not prepare for these examinations and they will be required to sit the School’s own assessments in the year prior to entry.

An individual’s economic status, gender, ethnicity, race, religion or disability do not form part of the School’s selection processes. During the year, the roll comprised 854 pupils (2023: 839), of whom 833 were day pupils (2023: 823) and 21 boarders (2023: 16). Analysis of the roll between boys and girls was 464 (2023: 462) and 390 (2023: 377) respectively. In relation to the School’s historic foundation, 5 pupils (2023: 6) were from families of clergy.

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THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

OBJECTIVES AND ACTIVITIES (continued)

Strategic Objectives

Our mission: To create an environment that is kind, supportive and full of opportunity, that inspires and equips pupils to thrive now and in the future.

The aims of the School are to:

The St John’s curriculum offers breadth and rigour, while equipping pupils with the transferrable skills that enable them to be successful lifelong learners. The academic offering is reviewed on an ongoing basis to ensure it meets the needs of the pupils and the St John’s Learning Culture sets out the School’s expectations of pupils to have high hopes, high standards and high spirits in their approach to all areas of academic life.

The School recognises that aspiration is specific to every pupil and the intention is to support every child to fulfil their own potential. The collective ambition is to raise academic attainment and consistently produce A level examination results at 85% A* to B grade or above and GCSE results at 65% grades 9-7 or above, with at least 30% grade 9s. Results for 2023-24 are set out under Achievements and Performance on page 10.

The ‘elite for all’ approach to sport, the performing arts and the wider co-curricular programme, provides all children with access to the highest standards of input and development no matter their ability level. Through its scope and quality of content, the co-curricular programme underpins the aim to help pupils become happy, resilient, self-assured young people.

The School is committed to recruiting, retaining and developing exceptional staff to meet the needs of the pupils in all areas from subject teaching and pastoral care to their personal health and wellbeing.

PUBLIC BENEFIT

In making decisions about carrying out the School’s purposes for the public benefit, the Governors have had due regard to the Charity Commission’s guidance on public benefit. The Governors have not identified any potential detriment or harm arising from the education activities of the School which is committed to safeguarding and promoting the welfare of pupils and expects all staff and volunteers to share this commitment. The Governors actively review pupil safeguarding and welfare and monitor adherence to the robust policies and procedures in place at the School.

Reporting to the Head, the School’s Director of Community Partnership is responsible for building relationships with local maintained-sector schools. He maintains an overview of all matters related to the School’s public benefit and community partnership.

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THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

PUBLIC BENEFIT (continued)

Bursaries and Widening Access

Funding for the provision of education for those who would not otherwise be able to afford the opportunity has been at the heart of the School’s purpose since its foundation in 1851. Though this assistance was initially provided only for the sons of poor clergy, over time this purpose has broadened to include children of both genders. These children, referred to as ‘Foundationers’, still attend the School and benefit from financial assistance in order that their families may afford the education that the School provides. During the year £104,217 (2023: £128,291) was provided to 5 pupils (2023: 6).

In addition to the provision of assistance for children of the clergy, the School sets aside a proportion of its income and raises money from donors to fund other means-tested bursaries. Scholarships, based on academic potential or potential in specific fields such as sport, music, and art, are also available and awarded through competitive assessment.

During the academic year 2023/24 the number of non-clergy pupils benefiting from bursarial support was 38 (2023: 50), with the value of funds provided being £511,444 (2023: £573,359). This includes fully funded awards to 8 pupils (2023: 7) of £218,880 (2023: £182,745). The total value of bursarial assistance towards fees, examination fees, educational trip costs and similar expenses was £615,661 (2023: £701,650) representing 3.2% (2023: 3.2%) of gross fees. Total fee remissions funded by the School were £1,631,256 (2023: £1,501,416), representing 6.9% (2023: 7.1%) of gross fees.

The Community Holiday

Each summer, St John’s School provides a seven-day residential holiday scheme for young people aged 10-18 with disabilities. In August 2023, the tenth annual holiday welcomed 24 holidaymakers to stay at the school to be supported by a team of 45 current and former pupils, plus a small management team.

Prior to the holiday, pupils and St John’s staff completed training and fundraising. Utilising the school’s facilities and boarding houses, the holiday allows parents and carers a week of much-needed respite safe in the knowledge that their children are being fully cared for, supported and having a fantastic time. The St John’s community offered support in many ways, from driving minibuses to joining in the much-loved fancy dress sing-alongs.

The children enjoyed a fantastic range of activities, including games, arts and crafts, swimming, a fashion show, a magician, and a disco on the School site. Off-site visits included Hobbledown Farm in Epsom, a trip to the seaside at Littlehampton, and a day at Chessington World of Adventures.

Some feedback from the 2023 holiday:

‘It’s so special what all the wonderful helpers do for us. Our daughter has the most fun time, is very stimulated and gains independence in so many ways, and it’s given us some much needed precious one on one time with my eldest before she departs for university. It's wonderful to have the break knowing how happy and cared for she is.’

‘I just watched the video and am in awe! The week looked amazing and my son came home buzzing! I am not sure how you pack so much into 7 days! Honestly, I can't thank you enough for the amazing week you gave my son, which allowed me an amazing week with my other son!’

‘We cannot thank you enough for the opportunity you have given our son this week. It has been a week of rest for us too and only been possible due to the incredible commitment from you and your team. St John’s should be rightly proud of this incredible holiday. Thank you.’

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THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

PUBLIC BENEFIT (continued)

Educational Links with Other Schools

St John’s School aims to share expertise, resources, facilities and time with local schools. In the reporting year there has been focus on developing and embedding partnerships with two key primary schools; Leatherhead Trinity School and Epsom Primary School. Leatherhead Trinity and St Peter’s Primary School use the St John’s sports centre for weekly swimming lessons. Epsom Primary benefits from six sports sessions each term for its pupils and Woodlands School for children with disabilities enjoys two sports sessions each term. Two St John’s staff and several Sixth Form pupils led a weekly after-school club for children with English as an additional language at Leatherhead Trinity Primary School. Pupils from St Peter’s Primary School and West Ashtead Primary School also attended science sessions at St John’s.

St John’s School Pupils in the Community

Sixth Form pupils volunteered in the local community in a variety of ways. Several visited a local care home each week, a number volunteered with Leatherhead Youth Project, while others assisted at a local day centre for older people. During the year and 30 pupils hosted local residents at the annual Community Christmas Lunch and Community Summer High Tea.

Fundraising and Support for Other Charities

The School’s pupils are organised into ten Houses each of which carries out fundraising events for a Housenominated charity. From House Charity Nights, which see pupils taking on the responsibility of organising formal dinners to raise money, to a 12-hour swimming challenge, and crafts for sale at the SJPA Christmas Market, the pupils are creative and industrious in their approach to fundraising. During the reporting period pupils raised £66,871 unknown for their charities.

The Old Johnian Charity Limited, which is an independent charity, provides support to families who experience unforeseen financial hardship during their children’s education at the School by assisting with fees and expenditure and helping to meet the cost of educational trips. Support of £2,197 was provided during the year, with a further £13,000 committed for 2024/25.

Sharing facilities

St John’s is fortunate to have excellent facilities and the School continues to improve and develop these to ensure that it can provide an environment that enables the best possible educational experience for the pupils. Governors are also keen to share these facilities with the wider community. The school’s swimming pool is used by a number of local swimming clubs and is made available free of charge to a local primary school and a local special school. Other sports facilities are also used by a variety of groups, such as local netball and cricket clubs, as well as being made available free of charge to groups such as Flyerz (disability inclusive) hockey

Having reviewed the positive feedback from Community Holiday families, the local schools and community groups that have benefitted from St John’s School initiatives, the Governors consider these activities to have been a success in achieving the advancement of education in the broader community.

Development (Fundraising and Alumni Relations)

The Development function has focused on building the culture of giving at St John’s. Widening access is central to the School’s ethos and the bursary awards and Foundationer schemes continued to attract donations, enabling more children from all backgrounds to come to the School.

During the year, a total of £56,583 (2023: £127,598) was received as a result of development activities, including £26,788 (2023: £95,291) in legacies. The School is most grateful for the support and generosity shown by the donor community.

The School had no fundraising activities requiring disclosure under S162A of the Charities Act 2011.

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THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

ACHIEVEMENTS AND PERFORMANCE

Academic Achievement

Each pupil has the opportunity to study a broad range of (I)GCSE and A level subjects. Small class sizes and staff support pupils through both the academic structures and the pastoral system; these ensure that each pupil has the opportunity to learn and develop their full potential. The care and attention provided by the staff is supplemented by well-resourced departments and modern facilities, which enable pupils to achieve high standards across all areas of academic studies and co-curricular activities.

The results of the A level Summer 2024 examinations were 89% A to B; 60% A/A grades; and 21% A*.

At (I)GCSE level, 80% of the grades achieved by St John’s pupils were at 9-7; 59% of all grades achieved were 9-8 and 33% of all grades awarded were at the top grade 9.

Each year, the Education Committee (now EDSAFE committee), on behalf of the Governing Council, undertakes a detailed review of all results and action plans are agreed with every academic department. Particular attention and support are given to those departments which are considered to be performing below expectation.

Co-curricular Activities, School Trips and Expeditions

The School offers a broad range of co-curricular opportunities, from school-based clubs and activities to trips within the United Kingdom and abroad. These activities provide opportunities for pupils to develop subject knowledge, gain additional qualifications and personal experiences across a broad range of choices beyond the basic curriculum.

During 2023/24 the School provided a successful programme of enrichment trips and various subject-related field trips including an Art trip to Rome, language trips to Paris and the Rhineland, a Geography trip to Naples and a History and Politics trip to New York and Washington DC. The Music department led a tour to Rome where pupils performed in a number of venues. A number of sports tours took place, including Netball and Cricket to Dubai, Football to America and Rugby to South Africa. March 2024 saw another trip to the Shamwari Game Reserve for a working experience, and there were two ski trips for younger and older pupils. as well as a successful ski trip to France. The School was also able to run the popular Duke of Edinburgh Award Scheme expeditions at Bronze, Silver and Gold levels.

Combined Cadet Force (CCF)

The CCF at St John’s School has a total of 334 cadets, including pupils from our partnership school (Southborough High School) parading every Thursday across the Royal Navy, Army and Royal Air Force Sections. Each Section trains weekly on a Thursday afternoon and this is supplemented with a full complement of field days, trips and other opportunities such as Adventure Training. Events such as the Biennial Inspection and Summer Camp were particular highlights of this academic year. 78 pupils travelled to Jersey Camp on the Isle of Wight, a firm favourite of the Contingent, for a week of full on activities including shooting, water sports, climbing, archery and clay target shooting. The Annual Inspection went very well and the Chaplain-General, The Rev’d Michael Parker KHC CF gave a very complimentary report which highlighted the dedication of staff and volunteers in the face of various challenges.

Field Days were delivered in full, with the Army Section deploying to Hankley Common in October (where rain stopped play!), Longmoor in February and then back to Hankley Common in June. The Royal Navy Section enjoyed days down at Portsmouth and Gosport as well as days at Collingwood developing teamwork and leadership skills. The RAF enjoyed another strong year with a section training day at Walton Firs and their first overnight exercise joining the Army Section at Hankley Common in June. Air Experience Flying Days were made use of and several cadets travelled up to RAF Benson to take part. The CCF Dinner meant pupils (past and present), staff, VIPs and guests were able to come together to celebrate the achievements of the school year. Captain (RN) Adam Clarke MBE (Biennial Inspection, Inspecting Officer in May 2023) joined us as our VIP and was full of praise for the young people within our Contingent.

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THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

ACHIEVEMENTS AND PERFORMANCE (continued)

The CCF remains one of the standout co-curricular experiences for our pupils during their time at St John’s, supported by feedback from parents, staff and pupils alike.

Sport

Throughout the academic year 2023/2024 the school continued to break records for participation and sporting success. Across 16 sports the school fielded 221 teams (with 88% of our pupil body representing the school) that competed in more than 2000 fixtures. We continued our touring programme with Cricket and Netball to the UAE, as well as Football and Rugby departing for the USA and South Africa respectively over the summer break. From our U12E’s to National champions none of this would be possible if it were not for the passion, commitment, and vital contributions from our dedicated members of support and academic staff across the school.

A special mention must go to our U13 Girls who were crowned U13 Independent Schools National Netball champions, Hockey national finalists and county cup cricket winners, a simply incredible achievement. Other notable achievements are set out below.

In Rugby, both the U16 and U18 boys’ teams won their groups at Rosslyn Park, losing out in the final elimination games to make day 2. The U15 boys’ team won the Merchant Taylors School 7s Vase. The U16 girls’ team achieved a top 8 finish at the National Rosslyn Park 7s cup competition.

Hockey saw success at a regional level, with the U13s winning the South East Region and reaching the National finals. One pupil was selected for the England U18 team, with international fixtures against Scotland and Germany.

As well as the success of the U13 Netball team, one pupil was selected for Surrey Storm U17 squad and the 3[rd ] and 4[th ] VII had undefeated seasons.

Both boys and girls had a successful year for football, with the U14B, U15A and 2[nd ] XI victorious as SKILLS League winners. The girls’ U18 team reached the quarter final of the ISFA Trophy. One pupil made his senior professional debut with Oxford United, and one pupil had her contract with the Chelsea FC U18 squad extended.

Both the boys’ and girls’ cricket teams performed well in the Surrey Cup; The U13 girls emerged as champions, while the U13 boys reached the semi-final. and U17 girls reached the quarter finals. In the National Cup the U15 boys reached the last 32, the U18 girls reached the last 16 and the U15 girls progressed to the quarter finals.

In Athletics there was individual success; one pupil qualified to run for England at the International School Cross Country Race in Dublin, one pupil was a Schools National Biathlon finalist and another was selected for the English School Athletics Finals in the 200m. The swimming team were regional runners up in the National Super Swim League and one pupil came third at the English Swimming Schools, representing the South East England para team.

This academic year has once again seen us offer our pupils huge variety through the games programme, with dance, yoga, climbing, cross-country, badminton, shooting and water polo on offer. This academic year has also seen the continual development of our golf programme with fixtures and competitions held both regionally and nationally.

Performing Arts

At the time of writing this, the Performing Arts Department has waved goodbye to some of its stars of the last few years as they depart to pastures new, while planning the year ahead and looking further afield to find outlets for all the talent moving through the School.

In the departing U6 we had a cohort of versatile musicians and actors who truly represent the versatility of the performing arts at St John's. Actors who have played comedy, intense tragedy and musical theatre, musicians who have played Rachmaninov Piano Concertos one moment, cello sonatas the next and then played bass

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THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

ACHIEVEMENTS AND PERFORMANCE (continued)

guitar in the pit band for musicals. An eclectic department with performers who embrace all styles with equal skill was always the desire when the department was formed 6 years ago, and as this cohort leaves, we are now truly seeing the fruits of our labour; pupils are leaving with broad tastes, extensive skills and a true passion for what they do and the talent emerging through seem to be continuing this trend.

Across all the performances and peripatetic lessons this year we have seen pupil engagement with the performing arts tipping over 40% of the whole pupil roll, and on average 38 rehearsals or clubs running weekly. In addition to appearing at major concerts, the School Choir has sung at services, excelling at the Festival of 9 Lessons and Carols and performed for its tour to Rome, which included singing at the Vatican. The Lunchtime Recital Series continues to be a platform for all standards in an informal setting; these 12 recitals in particular are an opportunity for those performing for the first time to get accustomed to public performances and encourage our younger years to build confidence. Further investment has taken place within the PAC auditorium and the addition of L.E.D. batons and floor moving spots has completed the lighting work which started several years ago. We have acquired some fabulous new monitor speakers, and our final planned updates will be to look towards investing in 'in ears' equipment for bands and MD's and to enhance the balcony speakers, which are showing signs of age. The School Organ has had investment overall, funded by the department in the summer, and Nicholson & Co Ltd are now looking after the instrument. Further work will be planned for next year.

House Singing and Film Competitions continue to thrive. The Film competition continues to go from strength to strength with engagement and fighting spirit, and the number of pupils engaging in the unaccompanied part song demonstrates the love of choral singing at the School.

Major highlights of another busy year started with our annual Concerto Competition, with a record number of 13 entrants and consistently outstanding standards across the board with a particularly fine rendition of Nielsen's fiendishly difficult Flute Concerto pipping the competitors to the post. While the department has embraced so many styles over the last few years and in particular has seen an enormous increase in Musical Theatre, it is heart warming to see that classical music continues to grow and thrive. The Lower School Cabaret was a wonderful way to introduce our new L3 to performing at St John's and almost one third of the Lower School performed to a full house.

The Michaelmas Concert was (for the second year running) a fundraiser for The Leatherhead Theatre with whom we have forged an incredibly strong alliance over the last 3 years. The concert was themed around the works of Gilbert and Sullivan, and in particular The Pirates of Penzance with the Sinfonia tackling the entire overture with aplomb. As we try to achieve with each major concert, all our main ensembles had a moment to shine while exposing the pupils to repertoire that might not be familiar to them but that they will enjoy. The Christmas Rock Concert was the biggest yet; the appetite for contemporary music shows no sign of abating and it is fantastic that performers across all years and ability are so keen to engage in this annual event.

The end of the Autumn Term saw us return to broad comedy with a fabulous Ray Cooney farce, Out of Order. Farce is notoriously difficult to do well; precision timing and choreography are required to make the comedy work and the cast worked incredibly hard over the term to produce two fabulous performances to a packed audience at the PAC. Several of the cast were also prominent musicians within the department, again demonstrating the versatility with the pupils.

The Forbes Music Competition kicked off the Spring Term, with its usual high numbers of entrants and the Winners Recital later in the term was a wonderful showcase for the talent at the top of the School but also for the talent that is moving through. Hot on the heels of this was our third fringe musical, this year the ever-popular Little Shop of Horrors. This event has always been presented as more of a concert / cabaret performance of a musical to continue flexing the pupils' musical theatre muscles in the intervening years between our larger shows. However, it became apparent in the three weeks that we rehearsed the show that such is the desire for musical theatre at St John's now we were capable of doing much more. It was a true demonstration of the limitless potential in our pupils, as they tackled a simple but fully staged version of the show in record time.

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THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

ACHIEVEMENTS AND PERFORMANCE (continued)

It also showed off the improved technical facilities in the PAC now. Before January was out, we were hosting our every popular Music Feeder Day; this event is crucial in showcasing the flavour of our department to potential scholars and pupils.

The bi-annual trip to Cadogan Hall occurred on 12 March. Record numbers on stage and in the audience enjoyed an evening inspired by flight from Respighi's The Birds and Stanford's The Bluebird to the Main Theme from Top Gun and a sublime rendition of Leaving on a Jet Plane. The U6 band featuring our leavers mentioned earlier in this report performed Butterflies and Hurricanes by Muse to a standard that is hard to believe from school age children. As the Head said at the time, it is hard to believe such a variety being presented by many other schools, and the department staff are hugely proud of how the pupils performed.

The Dance and LAMDA Musical Theatre Showcase in May was a wonderfully varied evening, showing how dance is growing at St John's and how the department is not far off from creating an equal triumvirate of drama, music and dance. Numbers participating in dance are increasing and there is appetite growing for the School to offer more dance lessons peripatetically. The Summer Concert, which was also a lovely major swan song to our departing Assistant Director of Performing Arts who conducted the major work, was loosely themed around jazz and enabled us to join forces with Leatherhead Trinity Primary School to a jam- packed Chapel. The central work, Chilcott's Little Jazz Mass certainly got everybody's toes tapping.

The Lower School Play, this year an adaptation of Roald Dahl's Fantastic Mr Fox, played over two evenings in mid-June. The energy and vim that these young actors brought to the stage at both performances was infectious and over 50 performers were on stage all engaging wholeheartedly whatever their role, and they performed to two packed houses in the PAC.

To conclude the year, we had our annual Senior School Cabaret, featuring songs by leading composer / lyricist, Jason Robert Brown. In 2019 we had approximately a dozen pupils singing in the cabaret; this year without any of our U5 involved we had double this number and it showcased how pupils at St John's really can now act through song, setting our musical theatre apart from many of our competitors. The Summer Rock Concert swiftly followed with a final performance from Schola at Speech Day. Schola has gone from strength to strength over the last few years, and we hope to enter the Barnardo’s National Competition again in 2025.

Finally, as we have watched our leavers’ depart for the next exciting chapter of their lives, we are confident that we have left them with a life long passion for performing, while we watch that passion grow year by year in the pupils that move through the School.

13

THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

PLANS FOR FUTURE PERIODS

During the summer of 2024 the school set out to define and formulate their strategy and future plans to direct the School through the next 5-10 years. The strategic plans have been built on the back of comprehensive parent and pupil feedback, whilst responding to a changing external landscape.

The aim for 2024 – 2025 is to both firmly lay the foundations for the strategic plan, engaging all members of the School community, and also to make positive progress in all areas of our plan.

St John’s School aims to promote ~~ac~~ ademic excellence and provide a caring and safe environment in which the seven principles of kindness are central to our approach. Co-curricular opportunity as part of an all-round education for all pupils is central to the School’s philosophy. We wish to instill in our pupils a sense of leadership, service and responsibility, encourage innovation, curiosity and optimism and prepare them for an increasingly complex world.

The School is mindful of its history, notably our Christian heritage, and is fully committed to widening access to those from across the community. Predominately a day school, we offer a unique, inclusive flexible boarding model to suit modern family life.

FINANCIAL REVIEW

Results for the Year

The consolidated Statement of Financial Activities shows a solid outcome with net surplus from operations being £523,655 (2023: net outgoing funds of £3,611). All the School’s income is applied for educational purposes, with the primary source being through the receipt of fees. Other income is received mainly through donations, the trading activities of St John’s (Leatherhead) Enterprises Ltd, through letting of School premises, and registration fees.

The balance sheet shows net current assets of £3,885,283 as at 31 July 2024 compared with net current liabilities of £2,825,457 at 31 July 2023. Total funds stand at £29,899,577 (2023: £29,330,158). Although the School has net current assets, liabilities include £2,026,150 (2023: £1,910,548) relating to pupil deposits refundable when a pupil leaves the School, the majority of which is not expected to fall due within one year. A further £4,054,007 (2023: £619,662) relates to fees paid in advance for 2024/25 which is not expected to result in an outflow of cash. Therefore the net current liabilities position is not considered to be an issue.

Reserves and Financial Planning

The School maintains reserves for the following reasons:

Governing Council, via the FIESTA committee, reviews the ongoing adequacy of free unallocated reserve levels and availability of cash funds, taking into account the cyclical nature of the School’s activities. Free Reserves include unrestricted funds reduced by the net book value of fixed assets (less associated secured borrowings) on the basis that such assets are needed to support the School’s activities and cannot readily be converted into cash.

14

THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

FINANCIAL REVIEW (continued)

The Reserves Policy is to ensure immediate access to funding at the financial year-end for the equivalent of one month’s operating expenditure, being approximately £1.8m, plus capital expenditure requirements. The total required will vary according to the size of the summer capital programme. Fees for the Autumn Term are invoiced during August, and the majority of parents pay at the start of term in September although about one third pay by direct debit over three months. It is therefore considered prudent for the School to be able to cover forecast expenditure for August in full at the year-end, recognising that cash balances will be significantly higher once the Autumn Term’s fees (around £8.1m in 2024) are invoiced.

As at 31 July 2024 the School’s total funds amounted to £29.9m (2023: £29.3m), including cash balances of £11.2m (2023: £2.8m) whereas Free Reserves stood at a negative £2.0m (2023: negative £1.3m). Free Reserves are calculated as follows:

General Fund
Foundation Fund (unrestricted)
Fixed Assets
Less related borrowings
Free Reserves		 31,287
-		 2024
£000
29,056
196
29,252
32,010
(1,961)
(31,287)
(2,035)		 2023
£000
28,456
250
28,706
(30,049
(1,343

Although Free Reserves were negative at the year-end the School’s immediately available cash balance of £11.2m exceeded the policy target. In addition, £1.5m of the creditor balance (£4.0m due within one year and £6.3m due after more than one year) relates to payment of fees in advance, which will be taken to income on a termly basis and which is not expected to result in an outflow of cash.

Going concern

Negative Free Reserves as at 31 July are not considered to be of significant concern because the School had a full roll of pupils for September 2024 and forecasts including cash flow projections indicate that the School will continue to meet its liabilities as they fall due. Cost management measures introduced in previous years remain in place and further efficiency work is in progress to ensure that ongoing annual surpluses are predicted. Detailed multi-year scenario planning has been carried out to consider the School’s resilience and ability to meet banking covenants. This planning indicates that covenants will not be breached and the School should remain solvent for at least one full financial year after the date of signing these financial statements. As such, the Governors believe that the going concern basis of accounting continues to be appropriate in preparing the financial statements.

Investment management

The Governors’ powers of investment are widely defined and, in accordance with the Trustee Act 2000, investment may be in stocks, shares and other investments, as they consider appropriate. The investment assets of the School are managed by Rathbones Incorporating Investec Wealth & Investment (UK). The primary objective of the management of investments is to preserve the capital value of the fund in real terms and to provide income and capital growth if possible. In line with the investment strategy set by the Governors, the Fund Manager has discretion to invest in the approved asset classes accordingly. The performance of the Fund Manager and the investment strategy are reviewed regularly by the FIESTA Committee.

.

15

THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

Risk Management

The Governors are responsible for overseeing the management of risks faced by the School. Detailed consideration of risks is delegated to the Senior Leadership Team and their reports on the Risk Register and the Risk Management Policy have been reviewed by the Governors’ Risk Management and Compliance Committee. The Head reports to Council via this Committee on the School’s key risks and overall risk profile, and informs the Committee of the proactive steps being taken by the School to mitigate and manage those risks.

The Governors are satisfied that for the year ended 31 July 2024 adequate systems and controls were in place to mitigate and manage the School's exposure to the major risk categories which were identified as:

16

THE SAINT JOHN’S SCHOOL FOUNDATION

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2024

Risk Management (continued)

It is recognised that systems are only able to provide reasonable and not absolute assurance that major risks are being adequately managed.

STATEMENT OF GOVERNORS’ RESPONSIBILITIES

The Governors are responsible for preparing the Governors’ Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).

The law applicable to charities in England and Wales requires the Governors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and the group and of the incoming resources and application of resources of the group for that period. In preparing these financial statements, the Governors are required to:

The Governors are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions, disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2015 and the provisions of the charity’s constitution. They are also responsible for safeguarding the assets of the charity and the group and ensuring their proper application under charity law and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Council on 25 April 2025 and signed on its behalf by:

Nicholas Teunon Chair of the Council

Signed on: 25/04/2025

17

INDEPENDENT AUDITOR’S REPORT TO THE GOVERNORS OF THE SAINT JOHN’S SCHOOL FOUNDATION

Opinion

We have audited the financial statements of the Saint John’s School Foundation for the year ended 31 July 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Charity Balance Sheets, the Consolidated Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

18

INDEPENDENT AUDITOR’S REPORT TO THE GOVERNORS OF THE SAINT JOHN’S SCHOOL FOUNDATION

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 17, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and the parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and noncompliance with laws and regulations are set out below.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charity and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011 and taxation legislation together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charity’s and the group’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity and the group for fraud. The laws and regulations we considered in this context for the UK operations were The Education (Independent School Standards) Regulations 2014, health and safety legislation and employment legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

19

INDEPENDENT AUDITOR’S REPORT TO THE GOVERNORS OF THE SAINT JOHN’S SCHOOL FOUNDATION

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the override of controls by management. Our audit procedures to respond to these risks included enquiries of management and the Finance Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, Independent Schools Inspectorate, Ofsted and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Crowe U.K. LLP Statutory Auditor

London

Date 28 April 2025

Crowe U.K. LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

20

THE SAINT JOHN’S SCHOOL FOUNDATION

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2024

Notes
Income from:
Donations and legacies
2
Charitable activities: School fees
3
Other income from charitable activities
4
Other trading activities
5
Investments
6
Other income
Total income
Expenditure on:
Raising funds
10
Charitable activities
10
Total expenditure
10
Net incoming / (outgoing) funds
from operations before investment
gains
Net losses on investments
13
Net (expenditure) / income
Transfers between funds
22
Net movement in funds
Reconciliation of funds
Total funds brought forward
22
Total funds carried forward		 Unrestricted
funds
£
36,849
22,038,954
1,885,753
163,985
112,632
24,238,173
54,596
23,660,465
23,715,061
523,112
22,481
545,593
100
545,693
28,706,001
29,251,694		 Restricted
and
endowment
funds
£
122,136
-
-
-
25,293
147,429
66,218
80,668
146,886
543
23,280
23,823
(100)
23,723
624,157
647,880		 Total funds
2024
£
158,985
22,038,954
1,885,753
163,985
137,925
24,385,602
120,814
23,741,133
23,861,947
523,655
45,761
569,416
-
569,416
29,330,158
29,899,574		 Total funds
2023
£
251,350
20,122,756
1,427,742
168,660
165,290
-
22,135,798
111,453
22,027,956
22,139,409
(3,611)
(79,796)
(83,407)
-
(83,407)
29,413,565
29,330,158

All amounts derive from continuing activities.

All gains and losses recognised in the year are included in the statement of financial activities.

Movements in endowment funds have not been shown separately in the Statement of Financial Activities on the grounds of immateriality. No endowment income was received during the year. An analysis of movements in endowment funds can be found in note 22 to the financial statements.

The notes on pages 24-39 form part of these financial statements.

21

THE SAINT JOHN’S SCHOOL FOUNDATION

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2024

Group Group School School
2024 2023 2024 2023
£ £ £ £
Notes
Fixed assets
Tangible assets 12 31,287,308 32,009,912 31,287,308 32,009,912
Investments 13 1,022,783 986,594 1,062,783 1,026,594
Total fixed assets 32,310,091 32,996,506 32,350,091 33,036,506
Current assets
Debtors 15 896,259 1,113,531 1,036,603 1,264,712
Cash at bank and in hand 11,213,781 2,845,776 11,014,146 2,629,938
Total current assets 12,110,040 3,959,307 12,050,749 3,894,650
Liabilities
Creditors: amounts falling due within
one year 16 (8,224,759) (6,784,764) (8,205,468) (6,760,107)
Net current assets / (liabilities) 3,885,281 (2,825,457) 3,845,281 (2,865,457)
Total assets less current liabilities 36,195,372 30,171,049 36,195,372 30,171,049
Creditors: amounts falling due after
more than one year 17 (6,295,798) (840,891) (6,295,798) (840,891)
Total net assets 29,899,574 29,330,158 29,899,574 29,330,158
The funds of the School:
Endowment funds 199,616 192,553 199,616 192,553
Restricted income funds 448,264 431,604 448,264 431,604
Total restricted funds 647,880 624,157 647,880 624,157
Unrestricted funds 29,251,694 28,706,001 29,251,694 28,706,001
Total unrestricted funds 29,251,694 28,706,001 29,251,694 28,706,001
Total School funds 22 29,899,574 29,330,158 29,899,574 29,330,158

The School’s incoming resources, excluding the subsidiary company, amounted to £24,372,316 (2023: £22,126,936), resources expended amounted to £23,848,661 (2023: £22,130,547) and net incoming resources amounted to £523,655 (2023: net outgoing resources of £3,611).

The financial statements were approved and authorised for issue by the Council on 25 April 2025 and were signed below on its behalf by:

Nicholas Teunon Chair of the Council

Date: 25/04/2025

The notes on pages 24-39 form part of these financial statements.

22

THE SAINT JOHN’S SCHOOL FOUNDATION

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2024

Total funds
2024
£
Cash flows from operating activities
Net cash provided by operating activities
2,006,252
Cash flows from investing activities
Dividends, interest and rents from investments
135,461
Purchase of fixed assets
(1,672,894)
Proceeds from the sale of investments
293,005
Purchase of investments
(293,005)
Net cash used in investing activities
(1,537,433)
Cash flows from financing activities
Repayments of borrowing
(1,916,043)
Fees in advance – receipts less refunds
9,744,627
Increase in advance deposits
115,602
Net cash provided by financing activities
7,899,186
Change in cash and cash equivalents in the year
8,368,005
Cash and cash equivalents at 1 August 2023
2,845,776
Cash and cash equivalents at 31 July 2024
11,213,781
NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
Reconciliation of net income / (expenditure) to net cash flows from operating activities
Total 2024
£
Net income for the year
569,416
Adjustments for:
Depreciation charges
2,134,270
(Gains) / losses on investments
(45,761)
Dividends, interest and rents from investments
(137,925)
(Profit) / loss on disposal of fixed assets
-
Release of fees in advance
(855,375)
Decrease / (increase) in debtors
219,736
Increase / (decrease) in creditors
112,319
Other non-cash movements – pension and investment management costs
9,572
Net cash provided by operating activities
2,006,252
Analysis of cash and cash equivalents
Total 2024
£
Cash in hand
11,213,781
Total cash and cash equivalents
11,213,781		 Total funds
2023
£
139,623
166,132
(1,604,672)
328,968
(328,968)
(1,438,540)
(847,768)
268,623
30,048
(549,097)
(1,848,014)
4,693,790
2,845,776
Total 2023
£
(83,407)
2,136,848
79,796
(165,290)
20,492
(867,694)
(708,612)
(282,046)
9,536
139,623
Total 2023
£
2,845,776
2,845,776

23

THE SAINT JOHN’S SCHOOL FOUNDATION

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2024

1. ACCOUNTING POLICIES

a) Basis of Preparation of the Financial Statements

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (“FRS 102”) issued on 16 July 2014 and FRS 102 and the Charities Act 2011. They are drawn up under the historical cost convention except that investments are carried at market value, and properties outside the School grounds at their valuation in 1996. No cash flow statement is presented for the School alone as the exemption to do so is taken under section 1 of FRS 102.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 issued on 16 July 2014 rather than the previous Statement of Recommended Practice: Accounting and Reporting by Charities which was effective from 1 April 2005 but which has since been withdrawn.

The School constitutes a public benefit entity as defined by FRS 102.

Group Accounting Policies

These financial statements consolidate the results of the School and its wholly-owned trading subsidiary, St John’s (Leatherhead) Enterprises Ltd, on a line by line basis. No separate Statement of Financial Activities has been presented for the School alone.

b) Going concern

The School had a full roll of pupils for September 2024 and forecasts including cash flow projections indicate that the School will continue to meet its liabilities as they fall due. Cost management measures introduced in previous years remain in place and ongoing annual surpluses are predicted. Detailed multi-year scenario planning has been carried out to consider the School’s resilience and ability to meet banking covenants, This planning indicates that covenants will not be breached and the School should remain solvent for at least one full financial year after the date of signing these financial statements. Therefore the Governors have a reasonable expectation that the School has adequate resources to continue its activities for the foreseeable future, and can continue to adopt the going concern basis in preparing the financial statements as outlined in the Statement of Governors’ Responsibilities on page 17.

c) Fees and similar earned income

Fees receivable and charges for services and use of premises are accounted for in the period in which the service is provided. Fees receivable are stated after deducting bursaries, scholarships, Foundation subsidies and other remissions allowed by the School, but include contributions received for bursaries from restricted funds.

In addition to termly fees, which are payable at the commencement of each term, the School accepts fees for longer periods. These longer-term fees paid in advance are held within creditors and credited to income when the fees fall due.

d) Activities for generating funds

This income comprises the trading activities of the School and its subsidiary entity and is credited to the Statement of Financial Activities on a receivable basis.

e) Investment income

Investment income from dividends, bank balances and fixed interest securities is accounted for on an accruals basis.

24

THE SAINT JOHN’S SCHOOL FOUNDATION

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2024

1. ACCOUNTING POLICIES (continued)

f) Donations, legacies and other income

Donations received for the general purposes of the School are credited to unrestricted funds on receipt and are spent within the year or carried forward for School-specific purposes. Donations and appeal income received for specific purposes are credited to restricted funds on receipt and applied in accordance with the wishes of the donors.

Legacy income is credited to incoming resources after granting of probate, when the School becomes entitled to the income, receipt is considered probable, and the amount is quantifiable.

Government grants are recognised on the accruals basis, when there is reasonable assurance that the School will comply with the conditions attaching to the grant and the grant will be received.

g) Resources expended

Expenditure has been charged in the Statement of Financial Activities on an accruals basis inclusive of value added tax where applicable. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources. Governance costs, which relate to the constitutional and statutory requirements and include any costs associated with the strategic management of the School’s activities, have been included within support costs and apportioned across the School’s activities. Expenditure is allocated on the bases indicated below:

Cost of raising funds

Cost of raising funds comprises the costs of fundraising activities and related staff costs, commercial trading activities and investment management fees.

Charitable activities

Charitable activities are those directly related to the objects of the charity and are reflected in these accounts under three main headings:

Support costs

Overhead costs include finance, insurance, IT, legal and professional, and other administrative and governance costs associated with supporting the running of the School. They have been allocated to the cost raising funds and to charitable activities according to the proportion of direct costs attributed to each area.

h) Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the term of the lease.

i) Finance leases

Assets held under finance leases are capitalised as fixed assets and depreciated over the term of the lease. A corresponding creditor is recognised at transaction upon acquisition and subsequently measured at amortised cost using the effective interest method. Depreciation and interest costs are charged to the Statement of Financial Activities as they are incurred.

j) Irrecoverable VAT

Any irrecoverable VAT is charged to the Statement of Financial Activities under the particular heading to which the expenses relates, or capitalised as part of the cost of the related asset, where appropriate.

25

THE SAINT JOHN’S SCHOOL FOUNDATION

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2024

1. ACCOUNTING POLICIES (continued)

k) Fixed assets

Expenditure since 1948 on freehold properties within School grounds has been capitalised at cost. Expenditure outside School grounds was capitalised at market value at 31 August 1996. From 1 September 1996 items of capital expenditure have been charged as expenses in the Statement of Financial Activities where the cost of that item is less than the capitalisation threshold set by the Governors or where the expected useful life is less than three years. The capitalisation threshold is £4,000 and is reviewed periodically by the Governors.

Tangible fixed assets are depreciated by equal annual instalments over their estimated useful lives at the following rates:


wing rates:
Buildings 50 years
Land Not depreciated
Assets under the course of construction Not depreciated until brought into use
Chapel Organ 50 years
Improvements and extensions 20 years
Synthetic pitches 10 years
Furniture and equipment 4 years
Motor vehicles 4 years
Leasehold assets Over the term of the lease
Plant and machinery 10 - 20 years

l) Investments

Listed investments are valued at the market value at the balance sheet date. Unrealised gains and losses arising on the revaluation of investments are credited or charged to the Statement of Financial Activities and are allocated to the appropriate fund according to the “ownership” of the underlying assets.

m) Measurement of debtors

Debtors due within one year are measured at cost less any amounts considered to be irrecoverable.

n) Recognition of liabilities

Liabilities are recognised when an obligation arises to transfer economic benefits as a result of past transactions or events. Liabilities are measured at the amount the School expects to transfer in settlement of the liability.

o) Financial instruments

The School only has financial assets and liabilities of a kind that qualify as basic financial instruments. These include debtors, cash and bank balances, creditors and bank loans. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of investments in equity and fixed income funds which are measured at fair value. Changes in fair value are recognised in the Statement of Financial Activities in accordance with FRS 102, section 11.

At the balance sheet date the Group held financial assets at fair value through income or expenditure of £1,022,783 (2023: £986,594).

p) Judgements and estimates

In the application of the accounting policies, the Governors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis.

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. These are reassessed annually.

26

THE SAINT JOHN’S SCHOOL FOUNDATION

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2024

1. ACCOUNTING POLICIES (continued)

q)

Pension Schemes

Retirement benefits to employees of the School are provided through three pension schemes – two defined benefit schemes and one defined contribution scheme. The pension costs charged in the Statement of Financial Activities are determined as follows:

The Teachers’ Pension Scheme

This is a multi-employer pension scheme. It is not possible to identify the School’s share of the underlying assets and liabilities of the Teachers’ Pension Scheme on a consistent and reasonable basis and therefore, as required by FRS 102, it is accounted for as if it were a defined contribution scheme. The School’s contributions, which are in accordance with the recommendations of the Government Actuary, are charged in the period in which the salaries to which they relate are payable.

Defined contribution scheme

The Group Personal Pension Plan (introduced on 1 July 2001) for support staff is a defined contribution scheme and contributions are accounted for as a charge to the Statement of Financial Activities in the period in which the salaries to which they relate are payable.

r) Fund accounting

The funds of the School and its subsidiary are accounted for as unrestricted or restricted income, or as endowment capital, in accordance with the terms of trust imposed by the donors or any appeal to which they may have responded.

Unrestricted funds

These are available for use at the discretion of the Council in furtherance of the general objectives of the School. Where the Governors decide to set aside any part of these funds to be used in future for some specific purpose, this is accounted for by transfer to the appropriate designated fund.

Restricted income funds

These funds are treated in accordance with restrictions imposed by the donors. Funds raised for specific capital projects are released to unrestricted funds as expenditure on the project is incurred.

Endowment funds

These are funds for which the capital is maintained in accordance with specific restrictions imposed by the donors. All endowment funds held by the School are permanent, where the gift is to be retained permanently to generate income for the School. The income from the endowment funds is restricted as set out in note 22.

27

THE SAINT JOHN’S SCHOOL FOUNDATION

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2024

2. DONATIONS AND LEGACIES

Unrestricted
£
Donations
13,061
Legacies
23,788
36,849
3.
SCHOOL FEES
The School’s fee income consisted of:
Gross fees
Less:
Bursaries, scholarships and remissions
Add back:
Bursaries paid by restricted funds
4.
OTHER INCOME FROM CHARITABLE ACTIVITIES
Registration fees
Transport income
Other income
Income from school trips and extracurricular activities
Charitable rent and hire of facilities
5.
OTHER TRADING INCOME
Rent and hire of facilities		 Restricted
£
119,136
3,000
122,136		 Restricted
£
119,136
3,000
122,136		 2024
£
132,197
26,788
158,985
2024
£
23,670,210
(1,658,829)
22,011,381
27,573
22,038,954
2024
£
169,609
589,173
117,991
955,849
53,131
1,855,753
2024
£
163,985
2023
£
156,059
95,291
251,350
2023
£
21,624,172
(1,527,159)
20,097,013
25,743
20,122,756

2023
£
146,450
496,312
123,212
618,115
43,653
1,427,742
2023
£
168,660
122,136

28

THE SAINT JOHN’S SCHOOL FOUNDATION

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2024

6.
INVESTMENT INCOME
Bank interest
Investment income
7.
EXPENDITURE
Expenditure includes:
Depreciation
Auditors’ remuneration
For audit services
For other services
8.
STAFF COSTS
Wages and salaries
Social security costs
Termination payments
Employer’s contribution to defined contribution		 Unrestricted
Restricted
£
£
88,407
201
24,225
25,092
112,632
25,293
pension schemes		 Unrestricted
Restricted
£
£
88,407
201
24,225
25,092
112,632
25,293
pension schemes		 2024
£
88,608
49,317
137,925
2024
£
2,134,270
26,710
765
2024
£
10,443,493
1,125,641
208,977
1,668,023
13,446,134		 2024
£
88,608
49,317
137,925
2024
£
2,134,270
26,710
765
2024
£
10,443,493
1,125,641
208,977
1,668,023
13,446,134		 2023
£
121,600
43,690
137,925 165,290
2024
£
2,134,270
26,710
765
2024
£
10,443,493
1,125,641
208,977
1,668,023
13,446,134		 2023
£
2,136,848
27,575
1,625
2023
£
9,606,691
1,047,817
223,163
1,428,739
12,306,410

All termination payments were paid during the year (2023: amounts due but not paid at the year end of £0).

The average number of employees in the year, including part-time employees, was 225 (2023: 211) of which 114 (2023: 106) were teaching staff.


which 114 (2023: 106) were teaching staff.
The number of higher paid employees was: 2024 2023
£60,000 - £69,999 25 23
£70,000 - £79,999 21 8
£80,000 - £89,999 3 4
£90,000 - £99,999 2 -
£100,000 - £109,999 1 3
£110,000 - £119,999 1 -
£130,000 - £139,999 1
£150,000 - £159,999 - 1
£160,000 - £169,999 2 -
£180,000 - £189,999 1 -
£190,000 - £199,999 - 1
Amounts paid to key management personnel 1,525,330 1,444,922

Amounts paid to key management personnel

29

THE SAINT JOHN’S SCHOOL FOUNDATION

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2024

9. TRUSTEES

Neither the Governors nor persons connected with them received any remuneration or other benefits from the School or any connected entity. No Governors (2023: none) received reimbursement of travel expenses (2023: £nil). One Governor is a partner at Patrick Gardner & Company who provide property investment and valuation advice to the School. No charges were made for this advice. A premium of £5,000 (2023: £5,000) was paid for trustee indemnity insurance cover of £10m.

10. ANALYSIS OF TOTAL RESOURCES EXPENDED

Raising funds
Fundraising costs
Investment management fees
Trading costs
Charitable activities
School operating costs
Teaching
Welfare and catering
Premises
Support costs of schooling
Bursaries paid from restricted funds
Total charitable activities
Total costs
11.
SUPPORT COSTS 2024
Governance
Finance
Legal, professional, training and
recruitment
Insurance
IT support
Office supplies and equipment
Marketing and communications
Support wages and salaries
Depreciation
Travel and transport
Miscellaneous expenditure		 Staff costs
Direct
costs
Support
costs
Total 2024
Total 2023
£
£
£
£
£
-
71,141
22,596
93,737
90,164
-
9,572
-
9,572
9,536
-
13,286
4,219
17,505
11,753
-
93,999
26,815
120,814
111,453
9,906,049
1,812,757
-
11,718,806
10,623,079
1,601,869
1,475,083
-
3,076,952
3,019,884
323,708
2,877,853
-
3,201,561
2,946,561
-
-
5,716,241
5,716,241
5,412,689
11,831,626
6,165,693
5,716,241
23,713,560
22,002,213
-
27,573
-
27,573
25,743
11,831,626
6,193,266
5,716,241
23,741,133
22,027,956
11,831,626
6,287,265
5,743,056
23,861,947
22,139,409
Fundraising
Trading
Schooling
Total 2024
£
£
£
£
115
22
29,196
29,333
522
98
132,165
132,785
1,245
233
315,027
316,505
692
129
174,965
175,786
1,922
359
486,121
488,402
543
101
137,309
137,953
297
55
75,150
75,502
6,352
1,186
1,606,970
1,614,508
8,397
1,568
2,124,305
2,134,270
2,496
466
631,498
634,460
14
3
3,535
3,552
22,595
4,220
5,716,241
5,743,056		 Total 2023
£
90,164
9,536
11,753
111,453
10,623,079
3,019,884
2,946,561
5,412,689
22,002,213
25,743
22,027,956
22,139,409

30

THE SAINT JOHN’S SCHOOL FOUNDATION

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2024

11. SUPPORT COSTS 2023 (continued)

SUPPORT COSTS 2023 (continued)
Governance
Finance
Legal, professional, training and
recruitment
Insurance
IT support
Office supplies and equipment
Marketing and communications
Support wages and salaries
Depreciation
Travel and transport
Miscellaneous expenditure
FIXED ASSETS
Buildings
within
School
grounds
£
Cost / valuation
At 1 August 2023
43,833,568
Transfers
2,266,890
Additions
-
Disposals
-
At 31 July 2024
46,100,458
Depreciation
At 1 August 2023
16,593,559
Charge for the year
1,691,450
Eliminated on disposal
-
At 31 July 2024
18,285,009
Net book value
At 31 July 2024
27,815,449
At 31 July 2023
27,240,009		 Fundraising
£
131
893
1,107
635
1,721
745
294
5,696
8,716
2,209
34
22,181
Freehold land
and buildings
outside School
grounds
£
1,944,834
-
-
-
1,944,834
1,029,663
52,348
-
1,082,011
862,823
915,171		 Trading
£
17
117
144
83
224
97
38
742
1,137
288
4
2,891
Plant and
machinery
£
5,917,335
-
105,434
-
6,022,769
3,602,063
390,472
-
3,992,535
2,030,234
2,315,272		 Schooling
£
31,946
217,989
270,058
155,071
419,945
181,874
71,669
1,389,868
2,126,995
539,047
8,227
5,412,689
Assets under
construction
£
1,539,460
(2,266,890)
1,306,232
-
578,802
-
-
-
-
578,802
1,539,460		 Total 2023
£
32,094
218,999
271,309
155,789
421,890
182,716
72,001
1,396,306
2,136,848
541,544
8,265
5,437,761
Total
£
53,235,197
-
1,411,666
-
54,646,863
21,225,285
2,134,270
-
23,359,555
31,287,308
32,009,912

12. FIXED ASSETS

The School had capital commitments of £227,256 the year end (2023: capital commitments of £803,628).

No assets were held under finance leases (2023: none).

31

THE SAINT JOHN’S SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

13. INVESTMENTS
Group School
2024 2023 2024 2023
£ £ £ £
a) Movements
At 1 August 2023 986,594 1,075,926 1,026,594 1,115,926
Purchases 238,155 316,925 238,155 316,925
Disposals (293,005) (328,968) (293,005) (328,968)
Investment management fees (9,572) (9,536) (9,572) (9,536)
Cash retained within portfolio 54,850 12,043 54,850 12,043
Net losses for the year 45,761 (79,796) 45,761 (79,796)
At 31 July 2024 1,022,783 986,594 1,062,783 1,026,594
b) Balances
Investec Wealth & Investment portfolio 1,022,783 986,594 1,022,783 986,594
Investment in subsidiary - - 40,000 40,000
Total 1,022,783 986,594 1,062,783 1,026,594
c) Historical cost
Investec Wealth & Investment portfolio 1,028,502 1,028,502 1,028,502 1,028,502
Investment in subsidiary - - 40,000 40,000
Total 1,068,502 1,028,502 1,068,502 1,068,502
14. TRADING SUBSIDIARY
The School owns 100% of the issued share capital of St John’s (Leatherhead) Enterprises Ltd, registered
company number 6646348 (England and Wales). The company was incorporated on 15 July 2008.
Turnover
Cost of sales
Gross profit
Administration expenses
Net profit
Gift aid payment to St John’s School
Retained profit for the year
The assets and liabilities of the subsidiary were:
Current assets
Current liabilities
Total net assets
Aggregate share capital and reserves		 2024
2023
£
£
163,985
168,660
(8,825)
(6,039)
155,160
162,621
(4,461)
(2,823)
150,699
159,798
(150,699)
(159,798)
-
-
216,099
229,686
(176,099)
(189,686)
40,000
40,000
40,000
40,000

32

THE SAINT JOHN’S SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

15.
DEBTORS
Group
2024
2023
£
£
School fees
109,594
104,788
Due from subsidiary company
-
-
Sundry debtors
38,274
19,900
Prepayments
748,391
988,843
896,259
1,113,531
16.
CREDITORS: amounts falling due within one year
Group
2024
2023
£
£
Bank loan (note 18)
-
1,961,043
Fees in advance (note 19)
4,054,007
619,662
Advanced deposit fund
2,026,150
1,910,548
Taxation and social security
339,541
257,265
Other creditors
1,290,584
1,359,549
Accruals and deferred income
514,477
676,697
8,224,759
6,784,764
17.
CREDITORS: amounts falling due after more than one
year
Group
2024
2023
£
£
Fees in advance (note 19)
6,295,798
840,891
6,295,798
840,891
18.
BANK LOAN
Falling due for repayment:
- between two and five years
- after more than five years
- within one year		 15.
DEBTORS
Group
2024
2023
£
£
School fees
109,594
104,788
Due from subsidiary company
-
-
Sundry debtors
38,274
19,900
Prepayments
748,391
988,843
896,259
1,113,531
16.
CREDITORS: amounts falling due within one year
Group
2024
2023
£
£
Bank loan (note 18)
-
1,961,043
Fees in advance (note 19)
4,054,007
619,662
Advanced deposit fund
2,026,150
1,910,548
Taxation and social security
339,541
257,265
Other creditors
1,290,584
1,359,549
Accruals and deferred income
514,477
676,697
8,224,759
6,784,764
17.
CREDITORS: amounts falling due after more than one
year
Group
2024
2023
£
£
Fees in advance (note 19)
6,295,798
840,891
6,295,798
840,891
18.
BANK LOAN
Falling due for repayment:
- between two and five years
- after more than five years
- within one year		 15.
DEBTORS
Group
2024
2023
£
£
School fees
109,594
104,788
Due from subsidiary company
-
-
Sundry debtors
38,274
19,900
Prepayments
748,391
988,843
896,259
1,113,531
16.
CREDITORS: amounts falling due within one year
Group
2024
2023
£
£
Bank loan (note 18)
-
1,961,043
Fees in advance (note 19)
4,054,007
619,662
Advanced deposit fund
2,026,150
1,910,548
Taxation and social security
339,541
257,265
Other creditors
1,290,584
1,359,549
Accruals and deferred income
514,477
676,697
8,224,759
6,784,764
17.
CREDITORS: amounts falling due after more than one
year
Group
2024
2023
£
£
Fees in advance (note 19)
6,295,798
840,891
6,295,798
840,891
18.
BANK LOAN
Falling due for repayment:
- between two and five years
- after more than five years
- within one year		 School
2024
2023
£
£
109,594
104,788
156,808
165,029
21,810
6,802
748,391
988,093
1,036,603
1,264,712
School
2024
2023
£
£
-
1,961,043
4,054,007
619,662
2,026,150
1,910,548
339,050
257,175
1,271,784
1,334,982
514,477
676,697
8,205,468
6,760,107
School
2024
2023
£
£
6,295,798
840,891
6,295,798
840,891
2024
2023
£
£
-
-
-
-
-
-
-
1,961,043
-
1,961,043

The loan facility was secured on some of the School’s property assets.

33

THE SAINT JOHN’S SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

19. FEES IN ADVANCE

FEES IN ADVANCE
Balance brought forward
New fees in advance received
Amounts utilised in payment of fees
Amounts accrued in the year
Balance carried forward
Represented by creditors falling due:
- within one year
- between two and five years
- after more than five years		 2024
£
1,460,553
9,744,627
11,205,180
(869,317)
10,335,863
13,942
10,349,805
4,266,228
5,869,473
214,104
10,349,805		 2023
£
2,059,624
268,623
2,328,247
(896,625)
1,431,622
28,931
1,460,553
619,662
794,193
46,698
1,460,553

Parents may enter into a contract with the School to pay for fees in advance. The money may be returned subject to conditions. If the pupils should remain at the School the liability for fees paid in advance is set out as above.

20. DEFERRED INCOME

Balance brought forward
Released to Statement of Financial Activities
Deferred during the year
Balance carried forward		 2024
£
19,540
(19,540)
15,915
15,915		 2023
£
19,516
(19,516)
19,540
19,540

34

THE SAINT JOHN’S SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

21.
a)
Balance at 31 July 2024
Unrestricted funds
Restricted income funds
Endowment funds
Balance at 31 July 2024
b)
Balance at 31 July 2023
Unrestricted funds
Restricted income funds
Endowment funds
Balance at 31 July 2023		 Fixed
assets
£
31,287,308
-
-
31,287,308
Fixed
assets
£
32,009,912
-
-
32,009,912		 Invest-
ments
£
502,458
320,709
199,616
1,022,783
Invest-
ments
£
484,679
309,362
192,553
986,594		 Net
current
assets
£
3,757,726
127,555
-
3,885,281
Net
current
liabilities
£
(2,947,699)
122,242
-
(2,825,457)		 Long
term
liabilities
£
(6,295,798)
-
-
(6,295,798)
Long
term
liabilities
£
(840,891)
-
-
(840,891)		 Total
£
29,251,694
448,264
199,616
29,899,574
Total
£
28,706,001
431,604
192,553
29,330,158

35

THE SAINT JOHN’S SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

22. STATEMENT OF FUNDS

For the year ended 31 July 2024

a)
Unrestricted funds
General fund
Foundation fund
b)
Restricted income funds
Old Johnian fund
Foundation Appeal fund
Bursary fund
Russell Baker fund
Champney’s Fund
Hinton Scholarship fund
Other funds
c)
Endowment funds
Russell Baker fund
Champney’s Fund
Hinton Scholarship fund
Total restricted funds
Total funds		 Balance at
1 August
2023
£
28,456,206
249,795
28,706,001

353,271
-
-
-
-
-
78,333
431,604
160,904
1,938
29,711
192,553
624,157
29,330,158		 Incoming
resources
£
24,213,948
24,225
24,238,173
15,464
7,765
10,180
8,045
97
1,486
104,392
147,429
-
-
-
-
147,429
24,385,602		 Resources
expended
£
(23,613,908)
(101,153)
(23,715,061)
(28,243)
(7,765)
(10,180)
(8,045)
(97)
(1,486)
(89,202)
(145,018)
(1,561)
(19)
(288)
(1,868)
(146,886)
(23,861,947)		 Gains
and
losses
£
-
22,481
22,481
14,349
-
-
-
-
-
-
14,349
7,463
90
1,378
8,931
23,280
45,761		 Transfers
£
100
-
100
-
-
-
-
-
-
(100)
(100)
-
-
-
-
(100)
-		 Balance at
31 July
2024
£
29,056,346
195,348
29,251,694
354,841
-
-
-
-
-
93,423
448,264
166,806
2,009
30,801
199,616
647,880
29,899,574

Foundation fund

The Foundation fund has been designated to provide bursarial support for children of clergy. The fund is not restricted or subject to any trust or endowment.

Restricted funds

The Old Johnian fund, being the transfer of assets from the former Old Johnian Society, is used to support the work of the Development Department with alumni.

The Albany Award fund provides up to 100% fee remission for children whose parents would otherwise be unable to afford the fees.

The Foundation Appeal fund supports the provision of bursaries to children of clergy.

The Russell Baker, Champney’s, and Hinton Scholarship funds were all established as endowment funds to provide financial support to parents who, through illness or bereavement, need financial assistance to pay the School’s fees. Support is provided from the income generated by these funds, while the capital is maintained to provide support for future generations of pupils.

Transfers between funds

The transfer of £100 from restricted to unrestricted funds relates to the expensing of restricted funds on the project to publish the Great War Book.

36

THE SAINT JOHN’S SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

STATEMENT OF FUNDS (continued)

For the year ended 31 July 2023

a)
Unrestricted funds
General fund
Foundation fund
b)
Restricted income funds
Old Johnian fund
Foundation Appeal fund
Bursary fund
Russell Baker fund
Champney’s Fund
Hinton Scholarship fund
Other funds
c)
Endowment funds
Russell Baker fund
Champney’s Fund
Hinton Scholarship fund
Total restricted funds
Total funds		 Balance at
1 August
2022
£
28,389,742
391,924
28,781,666

370,776
-
-
-
-
-
51,135
421,911
175,473
2,114
32,401
209,988
631,899
29,413,565		 Incoming
resources
£
21,924,996
21,450
21,946,446
13,715
8,598
8,620
7,124
86
1,315
149,894
189,352
-
-
-
-
189,352
22,135,798		 Resources
expended
£
(21,858,632)
(124,378)
(21,983,010)
(6,199)
(8,598)
(8,620)
(7,124)
(86)
(1,315)
(122,596)
(154,538)
(1,555)
(19)
(287)
(1,861)
(156,399)
(22,139,409)		 Gains
and
losses
£
-
(39,201)
(39,201)
(25,021)
-
-
-
-
-
-
(25,021)
(13,014)
(157)
(2,403)
(15,574)
(40,595)
(79,796)		 Transfers
£
100
-
100
-
-
-
-
-
-
(100)
(100)
-
-
-
-
(100)
-		 Balance at
31 July
2023
£
28,456,206
249,795
28,706,001
353,271
-
-
-
-
-
78,333
431,604
160,904
1,938
29,711
192,553
624,157
29,330,158

23. OPERATING LEASE COMMITMENTS

At 31 July 2024 the School had the following commitments under non-cancellable operating leases:

Expiring within one year
Expiring between two and five years		 2024
2023
£
£
96,935
73,240
163,850
26,121
260,785
99,361

During the year £141,702 was recognised as an expense under operating leases (2023: £94,815).

37

THE SAINT JOHN’S SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

24. RELATED PARTY TRANSACTIONS

During the year the School provided services and catering goods to St John’s (Leatherhead) Enterprises Ltd in support of the hire of facilities. Total recharges during the year amounted to £980 (2023: £4,999).

At the year-end St John’s (Leatherhead) Enterprises Ltd decided a donation of £150,699 (2023: £159,798) would be paid to the School.

At the year-end St John’s (Leatherhead) Enterprises Ltd owed £156,808 (2023: £165,029) to the School.

25. PENSION SCHEMES

Teaching staff

The School participates in the Teachers’ Pension Scheme (England and Wales) (“the TPS”) for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £1,231,348 (2023: £1,213,412) and at the year end £118,997 (2023: £145,191) was accrued in respect of contributions to this scheme.

The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers’ Pensions Regulations 2010 (as amended) and The Teachers’ Pension Scheme Regulations 2014 (as amended). Members contribute on a “pay as you go” basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the Government Actuary’s Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report was published in October 2023.

Following the McCloud judgement, the remedy proposed that when benefits become payable, eligible members can select to receive them from either the reformed or legacy schemes for the period 1 April 2015 to 31 March 2022. The actuaries have assumed that members are likely to choose the option that provides them with the greater benefits, and in preparing the 2020 valuation has valued the ‘greater value’ benefits for groups of relevant members.

The employer contribution rate for the TPS is 28.6%, and employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 28.68%.

Non-teaching staff

The School operates a Stakeholder pension scheme for its non-teaching staff and for teaching staff who have opted out of the Teachers’ Pension Scheme. This is a unit-linked defined contributions scheme managed by Legal & General, under which the School contributes 6.5% (20% for teaching staff) and the employee a minimum of 3% (5% for teaching staff) of pensionable pay. Employer contributions totalling £436,675 (2023: £215,327) were paid in respect of this stakeholder pension scheme during the year.

38

THE SAINT JOHN’S SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

26. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Income from:
Donations and legacies
Charitable activities: School fees
Other income from charitable activities
Other trading activities
Investments
Other income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net incoming funds from operations
before investment gains
Net gains / (losses) on investments
Net income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
84,284
20,122,756
1,427,742
168,660
143,004
-
21,946,446
47,165
21,935,845
21,983,010
(36,564)
(39,201)
(75,765)
100
(75,665)
28,781,666
28,706,001		 Restricted
funds
£
167,066
-
-
-
22,286
-
189,352
64,288
92,111
156,399
32,953
(40,595)
(7,642)
(100)
(7,742)
631,899
624,157		 Total
funds 2023
£
251,350
20,122,756
1,427,742
168,660
165,290
-
22,135,798
111,453
22,027,956
22,139,409
(3,611)
(79,796)
(83,407)
-
(83,407)
29,413,565
29,330,158

39