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2021-07-31-accounts

Palmers Green Hlgh School Llmlted Llmlt•d by guarantee Reglsler•d Company Nurn￿r 0537727 Reglstered Charlty No. 312629 GOVERNORS. REPORT AND FINANCIAL STATEMENTS For the year •nded 31 July 2021

Palmers Green High School Limited CONTENT8 r 31 Ju 10 14 16 18 17

Palmers Green High School Limited REPORT OF THE GOVERNORS raTrlod 31 J rJKfvAthIw" MluAAv•th lrn M Cwts. MluA El•J•s 8 G￿rthJ MrJ Mcxkil D Trf¥•Jl R I(￿- l D G Lts' (Qkn) eth WhM•m Wothou L4r¥ B81 SW8 Nl3 4 Lty•Jon EC1M 7ZI WlJ S ADDRE8• 101 F*Jpp8rn R03d rthnor• HUI N21 3U W•b P•J• 1

REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2021 Patnrf Green HAshSeho•l & Tell 020 8666 NuDib¢r l in The fiwres'R¢timAllr•sue l#blefvsmwll inwdthl s(hools OMtstMdiAs GCSQIGCS£rawlts IR 2021.. A•1918- 7P••ndAIM ioAri- w4 REFERiiice AND ADMINISTIIATIVE INFOIIMATIO Palmers Hlgh Sd￿￿1 was fMdeAI in and was wivaith (t•￿1 unil Its In 1954 as i cnmpami Imltèj ty yrnrtee •xl nct hathr4 a ap]thl Ilts 537n7). The sdKxI b a addw I￿ on p)ge l. Governlng IkKvm•nt Refullm•rt and Tr41nlng of Gowrnors New GO￿nor5 are Klutted Into the af the as • Ch)rtty Bo•rd Pa ar#1 P￿￿du￿S arrfl alg) of the sthc<d, •t J (Yganthl ts thun tw the HeBdmlstress and Bursar. AH GtrVfMYS have acttss, as appToNtsie to IllT knJMdL471 skltb and expetrK< to trJstee trjknlng w)rkS￿p5 as oryarasoj iv the Ass￿￿1￿ d fthtrnlng 8(xlles d lThlep&Nlert sth(x￿s {A¢IS). the A Day was Mt ptsable thts acaden ￿r ¢kn to Cth4tfr19 reOJlcUon& of MFL presentd to Educatlon C(mmlttee at the Sprfr#J Tvm medlry •rKI the He1 d PE at ts ￿rnn￿ Temi meettng. A Gobwnors, be hdd agaln next yw thttte wlll •tterKI d•sse5, rneet wh staff and c¢mmvnt(3Von and knmlngl gdr41 forwa￿ ll o)rtwe to be •n annwl A59xV￿ one Ilfth (Y, If Il numlYJ Is nrt (r a mdllFle of Il¥t, u￿ nearest to one flfth ¥ethe by n)tal In the year at the Annual GeneRI t• At AGM th N¢T4M)btr 2020, Mr Rtht Kern Mr Jerwny Plw)it and Kam fKknJrsh, belTrJ ollglble, ljwfflth and duty AKce5￿U1IY rtr Oryanls•tloTral 14an•gement to r￿e￿ Its 04trdll maw&iiwt aThl cortrcl, for tAhlch trey I￿ 192a1￿ re¥w4ble. The finan￿ and Genryjl Puryx)ses Commlttee, thalred Iw Mr P￿gr4 meet5 Ihree to f￿r %￿ekS before thch meetlThJ of the full sd￿￿1 Cwrwjl to nwjnltor arxl re¥te IxKlgets, ac0￿nts and rqxxts for apwwd.ty the Stttsjl C￿r￿lI. The Educ¥ Commw dwhd trrf fs Curtl4 ffets t•ithi the to rn4ew a(adank Matte￿ The 8uikllngs Cornmthe, thalrl by Mr A￿nSOn. meets tttmty athjltlouty on the InstnKIth rf the SdKd G￿nd1 to an and manage Ixlldkng projets Tr RLsk t4tsgalion C(wnrnltlee, thjked IV MLSS A4thJw, meets tem. Is a nan￿d for chld and safffjjardkng and a nanejj health and safdy (Ind￿lIng sdK#Jl blps}. The Pensloffs Comrth WKI Rernwwatk￿ C(wnmlttee are subctrnSitees of the Schcd Cound, Meet ot kast ann￿lty. meets as rniuktrj and comfv the alr d Go￿n￿. the Chair of arLI the Rr4rKe & Ge￿al I￿￿MIses CorThnthe. Hud and stsff. The arJ ￿tsar aitaxl meetkngs dal the ab(Ne cNnmRte4 wrt the tNrty H&d all￿￿1￿ Ed￿ Comthtttt key marwiert ￿sOnnel are the Page12

REPORT OF THE GOVERIIORS FOR THE YEAR ENDED 31 JULY 2021 ds wlth the Prep Cthl.19 restrtctthb alkM. lThe bFeadth of exmse vAtrdn the 9)4vnltvJ boty ￿￿e$ arorn￿ate for the sdwx4 In the arws of eduratton, fInan￿, law nd aJnstru(ts). Parents ￿￿ul￿ter an ad basls to a¢ayn￿rry •j￿a￿Thi1 ¥1gts, tly are ak¥ays uNler the sU￿￿ts1￿ of the memb¥ of #aff. P2mtsl ￿pF￿t off enswes that approwknts adultr.IKWI rnllos are mnlalned In order to fK¥ate wlls, as 85 adult Rel•tlon•hlp• Palmws Grew Hty Sttthl Is an accrnjltod n￿ll1)er d the Indepth Sthoots G￿nd1 (IX) arrfl, trwh the Headrnisw the &rts' sth￿ts. As4Kjatt(￿ (GSA). nel￿￿n9 wh otlr sdKxl4 arnl slaff bcth ho# attend semlnats ar•J n￿tIng$, Ithch OFP&tunltte5 tr stsff F(Ymer retah a dose rdaknsNp llh ts sdKxY tl¥ThvJh the alwrlwe nthork aThl the Parus arkl sthcd thrcwgh • re9ulor woyjmrne Flrt L(tt FO￿￿ètth, st Sw) arnl R•1 Pxe W. (hv tt £2IX￿40 has lon rnlsed In totsl ftr these Rlth Man•g•m•nt are respThlble for the m)neg•na d the tls fxttl ty the SI￿￿ Dthlled conslderntlorra or are ddeglted to thE Pjsk mWIk￿ C(xnmlttee. Tr rn￿n areBs of the tharfs aryl ttNI m•J d In of these areas hm teA kJtrltsJ. assessejj gjkable contrds esiJUlshed. A formal Sn the othbon Golv￿r5, tre rf5 to tr Is ewasol l•$ klenofiul by trwn), IrKkxle the thwt of tnpty3ry to COVTr19. affrrtljtth atxl asxdatttl PLWI wtrntr41 rkaWn￿l3nQ vAth re9utoy rewlrwwnts 5tsff In • w#h Imed afftrdalle h(wslThJ. These vtsks hm been rnle•Ad and eststrAlsheAI wNch, undw these sks to be mlwed to an KceFtsble le￿￿ In StsJl¥ memterlp rfthe Te70kn' Scheme Is re4lt4ed u) è rn3￿1r ba51s. Fee are dI￿sSed kn detsll Jt T￿n F&GP c￿m￿tee arKI Sth(xl C￿￿11 ffl¢eUngg, ojyprntlve slatl45 sdKMJs In to gwral finandal Infomatscrl g. ts rate C£ffimthe eath temi. The SctrKrfs acojwts a￿ annualW' There are foFmal agwth5 I￿1 Inlrxrte5 al crxnryth teglc ￿nn1￿ b￿1￿J, and maMgem ￿#￿ts we wlarly relefvBJ by the G(A¢m￿. and There a￿ regular reFJts to tr HeadmlYJ￿.arKI Bw5ar. Page13

REPORT OF ThE GOVERMORS FOR THE YEAR ENDED 31 JULY 2021 OBJEcfs AIMS AND ACnVmES •rltsble ObJed• malntsknlw In the lQrn)kni. or 9hrA ( so thot &%h sclK)I Kill be catTled on Is Jn ed￿at￿￿1 thwlty. Prfnal Att1￿1 Palrnu5 Green Hlgh UmltVAI Is an e¢knatknal thNlty Str¥J￿SeX oxkr•tyon tr £4rfs aggj tknveon 3 and 16 Yea￿ In 2021>2021 the Sthcd a t(d of 281 In Nwsery, Prepprattvy, jw￿Or and Senltr L￿parts￿ents witti waiNJ Ilsts scme fA)nfideKe th•t the Alms toadtr ythm. btrt eKtyJrn9bii pujyls to tske athontsge d the eq%rtl% of trt teathlng strff and to acce55 the wlde range avalkille puklls be aL to athl￿ thelr wtyiiH. Puta15 a￿ ￿c￿rn9ed to galn an a¥Ar￿ of the ne&ts d Lhas as pt d tNs slrnt&3y thy lye In fvr￿rn￿r¥J Jctrthtles ObJ•th¥u for th• Y￿r maln Ob￿ of the Sd￿ THaS to to mlle a f•th &I￿al￿)n to IJd4t4bJ thr a dtrThimlc teacNng en¥lr0rr￿( t1￿￿￿ enatrlng ￿ sdmxl to Lryrtwiue to strf¥e ftr ex￿]en￿, I￿5k￿l￿ the cutstandlnglexcthrt stsndants IdentlnEd In the 2011 lrnpth rewt ISI (LndEpatht IILwtyate). The maln frrfws wjs to to Imrme ￿lI1￿e$ thrwolmxrt the s￿￿01 slte and to ensure the sthoc4 remalned complart In al èrejs •Thl uf. Tr xhoc4 pjnjwsed a WOF nd Is seakng ￿annkng ￿￿$ent ¥Ath • to rekollr¥J ts nw5wy dDSff to tr mJln sdXX￿. St¥ff hJ¥e uTrJwi¥kn a ¥•r In SetywrthrfAl￿ aaff tr•knlrvJ ikntxns es. usln9 (mllne res¢yJro The fxy. JCQ k(ess AryaThJ•nents and htrw to use Nott In T￿M5. ￿1 of whlth wefe dellbwed thro¢4h Zc#yn Twm& lo Cthtr19 fesPJhJhTh, the rnllylty rf trJlnlng bw) undertskty) as Thdnats thls aCade￿C arnl thtre has be￿ a wbde wje from a ¥irlety ol ovfders Indudlng GSA, 1 Examlnivon 8oJrds V¥W, IW •nd ASCL. gaff have also LIMn￿eted Cou￿￿5 throuoh the EduGite tfomi, some a5 dlrthl ty Sfvff, ¢thr5 a5 sdf.rn0th￿ 5tsxty aThl Inte￿5t. onty exlomal cowses atterth ty siaff ac4d•) yar hm e5serthl Flrst Njd rEquollffotkn courss It Is hoFd that once CtyI&19 rewkltffjs are r7knd, we th41 agaln be al￿e to a)M￿&￿ertt In W￿nar9 a￿1 rmllne cwyses lth lrnlI¥￿UJl atterthru at knlnlr4 ￿ arKI extemal educatlonal LY)nsultants {w6th eyrti5e acnJ55 the age w) btsltlThJ to A5e •rMI wtyk the ￿affI traIn￿ spedflcal deslyd far the corte4t ol Pdlmers Trlgh SttKol IA. a 9r0￿se% sdKc4 for glrfs aged > 16 war& Th¢ S¢hool'• vupoThT• to th• C4wld-19 ￿Thd•m￿ FolrhvINJ a Gornnment to all sttKKls In re5rKry to the C(M1>19 PGHS was dosthl to wplls JKI stsff effect from P knuary 2021. The •1ucatlonal serv1￿$ c¢ynttnued durfng the xhcd rthy tr tt¥ldrm fri¥n Recepkn to Yoir 11 able to 3knd. In KcrydJrK¢ V Gth4wnmert giidano, the SchofA fr¢m V Marth 2021. The stt￿￿ s rfsk assessmwt was u&xlJWI rd aprnl ty tr TNstees tr gfe of w￿1. was to the alxhE, the Nuw was by the G¢hErnment to the ofsth¢xA dogn. The fryc&l dcffue hos hNI an wjbvse Imwrt ty) tt r495 fiy ￿T. TU11¢￿ fees for the Sprfng Temi we rthted Iw IO% fty io Yw 11, rtrA*Éd In a In fees InbulL￿ af£124,181 Pa8e14

REpoKf OFTHE GOVERNORS FOR THE YEAR ENDED 31 JULY 2021 Destyte the Im￿ct CtyA&19 For￿ pèrwts to the so1￿1 WKI pupll nurnbe hm been yjstrlned. ¢>Jr fvdlltses for mKe hm to be aNI tt sdKX￿ Is wdl epar&1 In tr e4•rt that a ￿ to Is SdKKI Is atle to oll its I1￿￿￿)1 oNattorts and rn￿ns a gcaig concern. Public Bener txrectorn ccffiffmxd tly IWE crynthl the (hrty In sedkn 17 d the awrftle5 Art 2011 to h•¥e due regard to the puL beMfit 911dan￿ the Charfty CtynmLsskn. As of w wtllc Ij¥￿r￿ In adth'thjn, has creJte)J strcmg Unb Thlth se¥val Irxal, malntslned wlrnjry sclKyJl5, wp115 frtyn are Inblt•Y to 4 wrldy el poth¥thlp e•vts at p￿ trwlKxk the war. iknftrtunatety. all the e¥pnts had to be anceled thls academt y￿r to Cov&19 wstrkoons. Trtte we, In the maln, sta￿lI1￿j partnerthts so It Is what e￿nts pknneAI 05 wlll be reln as sotr) as atle to vlivs and Th) kywer need to kn bubt4e& The thorts Irdude a stt to Onatll Tlatre Jt PGHS, tr partrvsh¥> art ￿￿e0 to a run Iw PGF YIO wills to equlp ttrthi TAfyth the sklls and mbjary fv to them Jdnlng PGHS puplls to watch the ryothJLtlorL Pup"1s Irrm a range of pjrtrvthip sth)ds are bnthl to a Oe51gn Teth￿￿ Day to be thI￿ve￿ IV EDT IEn#trwlry D•oK￿ntT￿ffjt). Year 9 from PGHS art wepxal reaty ta 9JPWt the Jungw WF415 vAth tr i¥ss seL Tr Drama l)er•trwt to perform S{￿ scenes from the schoc4 sdKkY15 also •Mwlly In sebTrnl c(¥nnKulty dwrfty lknk5. fty ex4mt4•, ts Muslc departs)) tske tholrs to slr8 at a number d cc•nmunlty etyents tr to rnnge cl th•lVe5 Jnd •rganI5atl¢W￿ The thtnts tnthde.. St ￿liStmaS FayYe- Owfflber Clx- the Fayre rn1se5 m(Ky for the Cmrch to hdp the local Lxffimlmlty. (YD￿S thrlsknas Fa￿ - QK4r- tr Fayre ra1￿ ffKmey the FwrAty &sed Soltllcffi% Hum?nltsrlJn Rdf Tnst (HAM - Chaffthr Cho5r - tr ctsicert ralses mowi HART. a dwrtty that comblnes ald ￿1h ¥¥c•tbVJ fty p￿leS gJffedr4J lffm exploatknn 4nd puseojkn Wrthmore Hill Fmt F+￿e - ￿n1¢y FJ>re r mow for kKal of tlw¢ ¢￿1￿J INs￿r Ixrt Tme IKP lo at agakn In 2021.22. HS forni￿ • rar4e d Inks that the kul C￿ aTrJ twnd. When Cu41&19 re5trkllons •llaw, Ye•r 9 puplls 4rlvnteu In dwrlty slKV5 •rhJ ore 1xx￿ J5 Pjrt ￿ke d Edknlwrgh AwaKd. Tlts ￿, th¢y hav4 W to l (rnBlh as the n¢rnl trave beej) avalkible to th￿. Instead, mJny bew ￿￿UnteerI￿ to arml dw fty eklvly ￿hbO￿ %>me have been wrlllffj tr> elderfy patlents In Iwitsl TAM> haye nc otle io hm due to Coth19. When posth, the schcol holds many e￿ts In the looal thurth. thls Inrcwne fry dwrth ciynm￿￿. We donate fffjd and tslletr to In the A￿￿mn tm eath ￿ar as part of f￿r HaThst FesOval. TNS yevr, xlxxA rnlses fun&raI51ThJ actl¥ltle5 and IN515 (kxlated ts> thJrfj￿, rnary of are sexvlces In the knl area. Ojr Inierroknal ￿n￿S Indude the sUPJXt g1) a Thjmber d years kn tr HART ({Humaniiarn Akl Rdld) (tsdty. Annualy au of the Senky tyrtey HART Pilze Hunwn Wts comO1kn vAth weat gJcces& ThmL4h the Schocls en9agai￿t HAKf. the WF41s ten enthuslastlc almxrt Ilnklrrfj wth ts Ld Tai Le￿ s(1￿￿ In Myarthlr. The engagemstt wth the tharfty has had seml not leastttrAt r( ral tt awrn of Human RO￿ts IsgJe5 around tre worhj whlst fvnds to SUFP)rt the o%irt¢s wjth pjrtknlar vJnpha45 the Ld Tal Lavj Flnandil Asnr¢ for Fo olarshlps, bJtsatlÈs and a4Ydrds are a7nlable to CafKlldates enables them to the cademlc rijour of the sthcY, Fee T￿I￿lIanS ftf hYwle5 detthn￿J on the basbs of famlty Or￿ne commRted to wldenlng access to the sctKd and kntend to corfhje to prTh4de Jwar( Pge15

REPORT OFTME GOVERNORS FOR THE YEAR ENDED 31 JULY 2021 PGMS EQUALrrY. DXVERsrrY •nd IIKIWION PGHS follows lty Equallty. •nd Induth Polky, th• fvll pollry l• •¥allalble on requert We see the d si•ff. ar#1 faffs HSgh &h¢xl (PGHS) as one ccKllmunlty that d&nonsts7tes sh)rul ￿MIeS d In¢knicm. equamty. aNI re4) ¢>¥erall alm# messa9e d ts]ualty, efflbra￿ and are aFtsad# In (xjr ¢Xx￿￿￿um, w eth05 and owr teath￿. we ￿derStar￿ the need to ¥thYreM In Th￿r￿1￿1 and sudd¥e way5 all d tre l%ue5 that ytyJThJ a pupll e¥er be wonied al￿t Fad9n or fed trerf hm the Vicllm d alxtse (rf ary trJThl th¢v 51M)ukl re[￿ It Immedbtdy Js rnd5m onrK be 1olwot& r alms are to: aknjres aThJ rdgicAts ol pbJ frc¥n rndal grw •nd dlfferert geogrnphkai thallty rndal dtsrJlmlThrytkxb, rndst rx15t or hJro%mrt and as4st In the Ide￿nCatIeffj d ￿￿ble ￿rr￿lS to OAxyknIty and slaff and to thot addressed rtsslt 5ttK￿ wlll ta¢Je Inap&Ywrfate Jrrtl &Yxtke5 thnx4h AJff leadlry ty eyamFle. through the •pkYwrtdy all itr#)se aKouer at or the sd￿4. PGHS Is an alAI TAP •e rAxnrnftted to a of treJUThJ all efflpkn and lob apk4t¢3nts ￿u31V In 411 a¥￿ts of emF4>ffjwL We all mscThble steps to •nplay. traln and ote emJtrffts tgs of tI￿r o¥&lèKt, ètrdlits 4KI <￿￿￿0￿0n￿ (kn reuulknwt pumdty alms to enuxvage applkaOcrfLS frrm 1 gJltstty ylltsj Foe %•tw athetllng Jcl> vaondes In to attract Op￿ICall01% all ( 0>nm￿[ty. The go•I￿￿j Is cornFos•J d a J¥ryse rnThJe rf badokw culbjres aFKI Iglon& We tt) Irw 4JCWS ￿t11th relleit ￿ dk¥ers1ty c* ow sclx)ol C<4nmunlty. Page16

REPORT OFTHE GOVERNORS FOR THE YEAR ENDED 31 JULY 2021 Acad4ml¢ Yur 202fr21 I and urxlaiEd. EOI comnlttee, frtestrtdid￿ kn 2019. sthwal •¥Mts af EDI ￿ is BHM, [￿5Y Day 151aff attended UrmKdous Blas Trnlrtroj kn Aubjmn 1020. 11 EDf A￿lIt COm￿￿e￿. SMSC A￿[t a￿1 ￿￿latEd. . FBV de01￿5, All teathlng stsff Pwfrymm ts19et awj fty acad&) Tpr 2021.2L TPAfZr: REVIIW OF ACHIEVEME14TS AND PWOAMANce FOR Tme YEAR sthocl VAS to wo¥le Teair Assessed Grndes wpl& Tl results Jthd ty the pup115 were excdlent 26 pupls wue awirded Teattw Assessed GrnLs In GCSE. IG(SE and FSMQ {F￿e Stsndlng Maths QJa1lllcaiic￿) Walltsit￿ wth Jn (Krnll G(5EIIGCSE re of 100% fr A•19 lo CJ5. Tr pwcwiage of top grades A1918, 72QA ar1 A•19 to In was 93%. In all 15 1s at lea ol ¢ntrks wwe grnded A•19 to W7. In erohgy, Cheffltstry, Frenth, Physb arrtl Sp)nlth 100% ol erthes were grnded A•19 to Al7. In ts FSMQ ¥•41dlYoYwl l(Xl grad&1 (the gmde Is A In January 2021 the scl#xl was ¥ln c(Mflrn￿ to be lil In the Prnt Piyhv ieBgue T•ble5 by Sth)day nmes In the Sm1 ScMds oteg¢yy kn regwx d reth obtsw kn eafflnatths durfng the a¢Id￿1C r 2018-19 {these conlnue to te usèj as enmlnkn dso cal￿11ed for the 201>20 colkyt). IMAI oTrgalr4 Ind￿ natlond r•w •rnl v11utr•dd￿ d•ts In 2016, the WKxJl pjrtklpth In the KSI ¥•1 KS2 noljonèl tests ¢Je to the and 9JrroundlrYJ the ¢1 Ilw l•l¥ for delWTrJ • rowAled eduovon In the rylmary fv. In QM&19 tkne5, the p¥ils l pNt In a rnr4e cf aCItr￿ and trfps ID ethnd thelr enrlch IIKlude a ronge of &udy S￿11$ sessws f< tr S•Wtys and a9&ap￿￿atr w(￿kshopS lal by notaL4e authtys nd ￿ets tr sch¢xl. Qrdkne Gre￿ has (xwrtlrrtd lo ￿ the Pabrm of A￿thn9 for PGHS yln thls vear. De CoA&19 hm be￿ able to avjage the ￿¥￿IS In a range of athttle5 vthb£h all been ddwed Pthllle5 hm Indudul ¥lrtyal vl4ts aThJ VKAth)ps wth Nova for day In Octottr 2020, JoslKq Sdgal se￿ iaiii for Wortd 8(x)k Day. A ts1( from ault•)r Dean Atts for fty Yi, rl arnl Y4 fnxn as tr National kn)y mweum rKI Hampton Cc¥arL Irt tyfvshot6 Styxs Iw artl frryn Ac•Jwny and RSE wothp5 (kll¥wed to Y9 and Yll by It HaAJ We ha¥e aue to r￿ a Iwimtsl nwntr bists thls a(tht ￿ar ond bee undertook a doy In Et￿rvj FcKe5t a￿1 ffiddth trfp to Waltt)n ￿ the NaTr. Resklathl tri￿ hab lakn t*e alKI YIQ txthe rf Edlnlwryh ￿4￿Ul￿lS 05 2 P48¢17

REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2021 conseartl¥e ¥Ath o¥wrdgTrt Tr of trtG and xll¥ths ts pknl to rnwme In September 202k ff ts G￿￿￿19 re5ts1dkm5 dlThv. haN not been ab￿ to tske brt tlw hm Instad hekl uniltrm les In k18￿rt￿￿1'durinll Sthcd tr#Jllday Ferlods to Cont1n￿ to rse lur#ts ft the Sthxl. It Is Iyj that the Chrlstrms Fayrni par￿ Breakfast ertrts arKI thtstre tr1￿ rewn ￿r. totsl I￿(Me for the y ernlThJ 31 W 2021 lo £3M5,323 {2020: £3,478,287) an Incwse £217,036 an the ￿. Ex￿￿[1￿￿￿ wicmsejj ty £48.343 to É3,213.663 (2020.. £3,165,320). The net Ir￿nE before In¥estsrntt ￿n$ arnl hxses tr £481,660 (2020.. £312,967). Cath aTh1 at the bank has Increased ￿ 3TrA brwrvj the cash In h￿d to £2,330.84312020 £1,7QO,791}. The sthcd ts)tsl funds #ood at É6,631,935 as at 31 2021, of £2219,593 was d¥0￿1 as part of the 5thxl p￿MIseS arnl eqUI￿nert, £10,695 rdaled trj ts rev4ulw re5eThE leovig £4,401,647 as gen￿1 rw of Tlthlth Q,911,487 ￿￿eSents res%& As rnxlnft￿ded ty the Schod¥ a￿lit￿5. the th)t free reswws ( esUm0￿ C4WKlknre tr iwo full terms Is pattlrabk to the rtslts and urtertalnlles ¢)r as an kdent ethK3tlonol e5ts1I15hment prolects and IJ￿¥0￿ to ftAII tre rwds of the lthness or cunthi leglslathn, stsrt.up costs of nEw eduottonal adhllle4 aThl day-ttrthy ¥wxklrvJ (3￿31 ￿ed5. The ￿11￿15 therefore to contJnu• ta malntsln reser¥YS LNrt cl anwal OF￿aur¥j surplvses to cont1n￿ to eqLlp the sdKd 4th the upttrd)te Invethont Pollcv Afiy net IncomlrwJ ￿$ou￿rts at the end rf tt we frnsbJ kn an lrterestmlr#J accovnl c¢nsklernisorL4 of 0￿1¥1 we trrto ay&dtr•ikn. It Is the Nllcy of the rAwern￿ to Inwstmwt exwts to eTr$￿ thit the best rntes ￿ d)talr•J lo fvrK15 to gix¥ jt the adVantr9e￿ r wNI# tsWrKJ lrto io the dwr<s assets •gah￿ undue rts FufuRE PLANS of pw)i&" at courses arKI [Tr4￿u5e tralrs trathj wwj SWI and thr undertaklbYJ new rtles wthn the ntlnue to pJwre sloff aThl O￿Or￿e5 to l monlt(Yed and erdluatal Iv0￿0, lth4utling Wwdluauon. and 4¥ntsal' fr teachty staff ard extunal appraisal for tr HeadThI5Pxess Burw, 4) Canon￿ to wlth kxzl s<ho(ts, both #attrlur￿ed ml fee mliYJ; Cts)ttn￿ to Pn)￿de apryojxiate r¢S￿￿e5 for tsathlNJ and in palti￿lOr sthtsofs Icr fadltse5 are ￿ ID date suwxyt tethwj aThl leamkwj eifectbEly; and C￿￿￿ve tD ￿ sdKd fadluesto a *è5ant •wiwrffim&)t wttmn the th)ol bJlkllng& 3) 6) P4g¢18

REPORT OFTHE GOVERNORS FOR THE YEAR ENDED 31 JULY 2021 GOVERNORS. RESP014SIBILmES The gvKrn¢Ys (WI￿ are alx) drffltys cl Patmets Gw W Sd￿1 UrTMted for thE PWFXW d compBny law) re rewn&ble fr pwriThJ the GthwTV5' Repyt arKI tt fln8ndal alem￿ts kn accrxdano law arKI Klntyth Acc￿￿ Stsrnlards (Unthl Klwkni c￿￿10#Y P￿￿n￿n9 procl1￿). Cornpany law to rye￿1e fina￿￿ slatal￿ts ts eath finafflal ￿r, a tn and tslr of the stste cl the affaks (rf tr thèrltstle Crynp￿ry a￿1 ( kKomlng rwurces arrfl appllotlon of rexwrce5, Ind￿1kn￿ tr Incorne and the dwrflalAe that p￿I￿L In wepminq these fin￿￿81 the re4￿1￿1 to: dtsdosed artd exrtslned Sn flnondal stateW￿rtS. dwrfiJile cofflpny wll contlnue kn Ixlslness ¥ny fir￿￿41 of the chwlknl c￿￿paNY and enatle them to that the flmndal Ststth)￿ts c(mply the Act 2(#)6. ￿$t￿$￿e ￿r￿u•r￿n9 the assets of the tharltrt (YJrnF•ny ¥KI huKe for r61gJnat4e lty detth (1 fr4ud Jryl thr kregulartuts. thEre ts no relevant a￿lIt InforThllon of the tr￿￿ble compJnls aLttlltty Is and . the gmmots hm tskn al St￿ that (Wt to have to fflake Mre d iny rdmrt Inf(ffiol¢n I￿1 to eAAsh thjt the auditor Is cl that IrltyNYon. Mc¢re Smlth LLP IrKlkzteAS thetr to al￿n￿e In Offi￿ a￿1, tn KCOrdan￿ wlth seLI 487{2) 01 ts Cfyryjnles kt 20CkS. it ts t￿t be audkn5 for fv ¥￿ul￿g ye¥. MrDGLehts Datv. 17 14ovwr*w 2021 Poge19

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