FOREST SCHOOL, LONDOIY FINAY4CIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 HaysMa¢ LLP Chartered A¢¢ountants Regist¢red Audiiors London Company Number: 00429150 Registered Charity Number: 312677 FOREST SCHOO4 LONDON II¥DEX cowrKNTS Pgg¢ R¢fcr¢n¢¢ and AdmiDistrativ¢ Infornution Chair'5 Statcmcnt Governors, R¢port 3-15 Indq>cndcnt Auditor's Rcport 16-17 Conso]idated Ststement of Financial Activities 18 Balance Sheets 19 Consolidaled Statement of Cash flows 20-21 A¢counting Policies 22-24 Notes lo th¢ Financial Stat¢menls 25-37 FOREST SCHOOL, LONDON REFERENCE AND ADMINISTRATIVE INFORlILtTIOIY GOVERNORS D. Wilson, LL.B- Chair of Goverryors (l) Ms G. Atlee (3) (resigned 22 March 2024) Dr S. Berrymkm (3) (4) The Venerable E. Cockett, Archdeacon of West Hatn (3) (resigned 5 July 2024) J.D. Davies (3 - Chair) (4- Chair) W.M. Fuller (l) (2) s Y Gibbons DrSMHadi Ms N Lall OBE (3) (appointed 27 Febrnary 2024) P. Sampat (l) (2) S.T. Perry (l - Chair) {2- Chair) (l) Finance and Estates Committee {2) Health, Safety a￿d Risk Management Committee (3) Education Committee {4) A¢ademic Committee Warden r M. Cliff Hodges B￿r$ar gnd Secretary Mrs D. Coombs Registered Offiee Forest School Nr Snaresbrook London E17 3PY Solicitors Edwards Duthie Shamash Bank House 269- 275 Cr8nbTook RosMI Ilford Essex IGI 4TG Auditors Haysmac LLP 10 Qu¢en Street Place London EC4R IAG Bankers Barclays B8mk. PIC I Churchill Pl London B14 5HP Company Number: 00429150 Registered Charity Number: 312677 FOREST SCHOOL, LONDON CHAIR'S STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 Unsurprisingly> the headline issue occupying much Governing CouD¢i] and sentor execuliv¢ tim¢ during the past y¢ar, and which continues to do so, was the imp¢nding risk- and which is Dow the r¢ality- of VAT on school fe¢s and the remova] of charithble rate5 relief acFOSS the sector. Since long before the general election, the School had be¢n mod¢llin£ a range of scenarios in anticipation of what is noiv the reality, and since July it has redoubl¢d ils ¢fforts to build as Credible and workable a plan as possible to ensure Forest is equipped to face future challenges. All our discussions and financial configurdlions. and those that doiibiless li¢ ahead, are Anfomied by tsvo irnmulabl¢ Forest principles.. that th¢ quality of our proviston remains at the level on which our hard-won repulation has been built; Jnd thai the fMan¢1￿ burd¢n on Forest's hardworking familie5 is mitigated as far as we can reasonably manage. I believe the work being undertaken to secure future sthbility provides us with an encouraging platfonn and, as I ststed last year, I remain optimistic that the School will continue lo thrive. and that our unique educational and community offer r¢mains ¢orn¢rstoi)e of ind¢p¢ndeni edu¢ation in north-east London. This positivity is grounded in ¢vid¢n¢¢. During the last year. and after much consideration, Forest took the bold step to expand its Prep S¢hool numbers. Based on data and clear appetile, this move has supported the strengthening of our base with th¢ pot¢ntial to s¢¢ure future senior School numbers in our all-through structure. This strategic decision also r¢ceiv¢d tacit endorsement during a r¢¢ent ISI insp¢¢tion, when th¢ Eyfs (Early Years foundation Stage) section of the S¢hool was identifi¢d as a 'signifi¢ant %trength' in our provision. Noneiheless, in a challenging financial environment more bmadly, w¢ remain alive to ihe faci that ther¢ will be Forest families for whom this new reality is not viable and this is reflected in our planning. An institution ot For¢st-'s SI￿ ¢annoi stand Still. If we are to ¢ontinue to attract families, both locally and from other parts of the city, we must continue to invest in what makes us distinct and attrd¢tiv¢. Part of this is ensuring our sile and its buildings are fit for purpose and provid¢ lh¢ type of learning 41nd working ¢nvironnTr¢nt our Staff and pupils need. The past year, therefore, saw work tske place to upgrade our chapel and theatre buildings, cr¢Jting mor¢ fl¢xible, multi- functional areas for teaching while the spaces rematn led by ih¢ir cor¢ function. ForesÉ is defined by its spirit of community- both within the Forest family and beyond- and ihis was expr¢ssed, in th¢ reporting year, through a broad range of access and outreach work. This is ¢xpand¢d upon in th¢ Gov¢rnors' R¢port which follows. During the reporting year our current Warden, Marcus Cliff Hodges, announced his r¢tir¢ment and I thank Marcus for his leadership and unfailing commitment to Forest over the last 20 years. We ar¢ delighted that Claire Tao, a proven leader with experience from across a wide range of roles within our sector, will join us as Warden from S¢pt¢mb¢r 2025. As ever, l extend my personal thanks to all our statl. pupils and parents who make our School the thriving community li is, and my fellow governors whose valuable support to both me and the School keeps Forest at the for¢front of indepcndcDt day school provision. David Wilson Chair of the Governing Council FOREST SCHOOL, LOND0Tr4 GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Governors are pleased to submit their Report on th¢ S¢hool-'s activili¢s together with the Financial Siatements for the year ended 31 August 2024. which have been prepared in &¢¢ordan¢e with th¢ Ftnan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS102). lh¢ ST￿¢M¢nt of R¢¢omm¢nded Practice applicable to charities preparing their accounts in accordance with the Finan¢i81 Reporting Standard appli¢able th¢ UK and Republic of Ireland (FRS, 102)- (2nd Edition, effective l January 2019) and th¢ Companies Act 2006. REFERENCE AND ADMINISTRATIVE INFORMATION Details of the Governors, exrcutiv¢ offi¢¢rs and advisers are shown on page l. At its AGM on 6 December 2023, the Governing Council ratifi¢d th¢ appointment of Yemisi Gibbons. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing do£umeDt The School was founded in 1834 and was in¢orporated in 1947 as a Company Limited by Guarantee. Each member of the company has a liability under Ihe guarante¢ limited to £1. The organisation and operations of th¢ School are primarily govemed by th¢ S¢hool"'s Memorandum and Articles of Association. Organisation The School is rnanaged by a Governing Coun¢il which provides its services orA a voluntary b&8is. The following are also relevant to understanding the basis on whi¢h th¢ School is manag¢d.' Finance and Estates Committee The Committee meets at least four times V4 year to ¢onsider major policy, financial and signifjcant infrastructure matters. It compri5¢q nominated Gov¢rnors. wilh the Warden, Bursar and Chief Accountant in attendance. It reports t¢rmly to the Governing Council. b) Health, Safety #nd Risk Man#gem¢nt Commlttee The Commiltee meel5 termly lo identify and ¢valuai¢ potential threats to tlie futtjre operation of the SchoDI. It comprises nominated Governors, Ivith ihe Warden, Bursar, Dir¢¢tor of Health. Safety and Compliance, InfOrn￿tiOn Director and oth¢r s¢nior stsff in attendance. It reports ternily to the Governing Council. Education Committee The CommitteE meBts tertnly and has a monitoring and advisory role relating to the School's curricular and pastoral provision. It comprises nominat¢d Governors with the Warden and other senior staff in attendance. It reports temily to the Governing Council. d) Academic Committee The Committee rnECts on¢e in both the Mi¢ha¢lmxs and Lent temis and h&s a monitoring and advisory role relating to the School's academic provision. li ¢omprises nominated Governors with the Warden, Deputy Head Academic, the Head of the Prep S¢hool and other senior academic staff in attendance. It reports ternily to the Governing Council. Operational M4nAgement The operational daily management ot the S¢hool is th¢ r¢sponsibility ot the Wayden, Ivho is primarily supported by the Deputy Heads, Head of the Preparatory School and the Bursar. Use of Unpaid Volunt¢¢r$ All Governors provide their services on a voluntary unpaid basis. There are no other unpaid volunteers. FOREST SCHOOU LOIWON GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT {£Dn¢inued) Staff The School employs an average of 422 staff, of whom 218 are teaching staff. For details of the full-tirne equivalents. pleas¢ r¢f¢r to Note 5 on pag¢ 28. At year end. the Governing Council consisted of nine rnembers and, along with ils sub-committees, meets every lerrn (twice in Michaelmas). Jn addilion, individual members support the Warden and his Leadership Team on specific proj¢¢ts and asp¢¢ts of th¢ S¢hool's work. For¢st's Gov¢rning Council ¢omprises p¢opl¢ from a wide range ot'¢xp¢rien¢e in edu¢ation, busin¢s$, tinan¢¢ and lh¢ prot¢s$ions. Govemors giv¢ tr¢el)' of their (im¢ and ar¢ solely ¢ommitted to th¢ enduring su¢¢¢ss, healih and happiness of th¢ schi￿1. All new Governors are ¢h¢¢k¢d through the Dis¢losur¢ and Barring S¢rvi¢¢ and indu¢t¢d into th¢ workings of the S¢hool prior lo the date of formal appointment Training is provided for all Govemors &$ appropriate to keep them abreast of their legal and trustee responsibilities. Kty Manxgement Personnel The dAy-to-day tunning of the School is delegated to the Warden and the Bursar. They are supported by the Senior L¢&d¢rship Team and together this group repr¢s¢nts the key management p¢rsonnel. The Senior Leadership Team comprises the Deputy Head Academic, Depury Head StatTing & Operations, Deputy Head Co-curriculum. Deputy Head PÈstornl, Deputy Head Safeguarding, Head of Sixth Fom, Head of Middle School, Head of Lower School and Head of Pr¢paratory School. Remuneration is set by the Governing CouncAI in a fair and responsible manner with the objective of ensuring appropriate incentives to encourage enhanced perforniance. In setting pay, consideration is gjven to the nature of the role and responsibilities, the sector average for comparable positions and trends in pay. Trading company Sylvestrian Enterprises Limited is a wholly owned subsidiary of Forest School, Lolldon, and is independently funded. Its financial year is cotenninous with that of the School. Its principal activities are the provision of leisure facilities the letting of the SchiM)I's facilities to third parties and a tuck shop facility. STIL4TEGIC REPORT OBJECTS AND ACTIVITIES The objects for which the company is established, and as set out in the Articles of Association are= To promote and providefor the advancement ofeducation and in connection therewith to utablish andprovide, conduct, carry on. acquire anddevelop in the UniledKingdom any boarding or day school or schoolsfor ihe edycation ofchildren. Principal activity Thc Schi)ol's principal activtty is to promolc and providc for thc adva￿c¢mCnt of cducation, to includc the CODtinuaTrcc of Forest School, London. Policy for achieving objective5 The Governors have had regard to guidance from the Charity Comrnis5ion in ¢n5uring that the School-'s objectives are for Ihc public bencfit. Thc policics for achirving Ihc S¢hool's obje¢liv¢5 arc as follows.. To supply lo the pupils g¢Tt¢ral instruction of the high¢sl class of moral and physi¢al (raining log¢ih¢r with r¢ligious training a¢¢ording to th¢ prill¢iplc5 of the Church of England ond to a¢t wh¢r¢ver possible to the b¢n¢fit of Ihc local community, as 8¢ wholc. To ¢quip, furnish and maintain th¢ buildings and grounds of For¢st School, London for the said us¢. To award bursaries to support the ¢hildren of par¢nts without the m¢ons as well as award prizes and s¢holaTships to pupi15 for proficiency in studi¢& ¢x¢r¢ise or gam¢& art or music. Co-op¢r#lion with lts¢al s¢hi)ols in advi¢¢ lo pupils. teaching staff exchanges and sharing r¢sour¢es. To subscrib¢ mon¢y for ¢harilabl¢ obj￿t$ through a r¢gular progr41mm¢ of fijnd raising ¢vents. FOREST SCHOOU LONDON GOVERNORS, REPORT (Continued) FOR THE YEAR ENDED 31 AUGUST 2024 To control costs and to maintain tuilion fees al the lowest practieal levels, Consistent with the School's objects. To act as trustees or managers of any property, endowmenL legacy, bequest or gift. foT charitable education pulposes only. To share bportin8 facilities with bona fide organisations, within the local community. To borrow or raise money for the purposes of the School on such sccurity as may b¢ thought fil. To do all such other lawlul things ￿ are necessary to the attaintnent ot thc above object5 or any of them. 10. Th¢r¢ have been no material changes in the above policies since the last report. ACHIEVEMEiYfs AND PERFORMANCE The SchiM)I provides high quality education lo its pupils offering a widc rangc of acadcmic courscs at both GCSE A Lcvel with a number of subjecls not available at all schools. Academie r¢$ults for the year Thc nuTrJber of pupils during the year 2023-24 averaged 1,501 (2022-23: 1,522). A total of 354 pupi15 bencfited through finan¢ial support from S£holarships and Bursaries. In SumEner 2024.. 136 pupils were entered for G￿ Advanced Level. The pass rate at grades A*.B was 81.20/0 with A*.A at 58.50/0. This rose to 60.31J/u A*.A when the Extended Project Qualifi¢8tion results ar¢ factored in. 660/• of all EPQ grades were at A* or A A further 165 pupils were entered for GCSE cxaminations- 77.80/0 achicvcd grades 9-7, with 57.41/)• al 9-8 49.7t)/• of all Higher Projecl Qualifi¢alions achieved the highest grade of A* with 71.1 % achieving A*_A. Forest has undergone a remarkable transfonnalion. chardcterised by a tangible sense of acadeTnic momentum. a Strong and collaborative culTrre of expert leaching and learning. this year leading to the School's best ever results at both GCSE and A Level. Forest has established itself as a nol&bl¢ London Day School. distinguished not only by these competitive headline outcomes bui also by its unparall¢led diversity of opportunities flexibiLtty in approach. and a high regard for pupils. mulii-fa¢eted talents, skills and ¢haracteristi¢s. Over 910/0 of pupils progressed to universiti¢& in¢luding two to Oxford and one to Cambridge. 77Yo of the ¢ohort progressed onto Russell Group institrjtions. Others took up high prestige apprenticeships, places at overseas universities and drama school. High S&indards contitLue to be maintain¢d in spoit music, drama and art. Notable sporting successes in the year included iii crickeL whcrc F01¢5t continucd to d¢monstrat¢ its strength as a cricketing school across all age groups. The U17 boys reached thc top ¢ight schools in th¢ country, whilc th¢ Isl XI girls progressed well through the National Cup and then winning thc E5scx cup 100 ball CQEllPCtiti(Trn, while Ihe U13 girls won the Essex Cup trophy. Thc U12 boys a]so won their Esscx Cup trophy. In football. thc U15 gir15 ￿￿(h¢d the f&nal in the National plate while the U16 boys won the Essex Cup and thc sccond Xl boys rcach¢d th¢ f￿al in th¢ l¢ague iup. In netball the r￿st team were runners up in the County Cup, also rcaching th¢ s¢mi-fu)als of th¢ Ess¢x plalv. The U14s reached the quarter fi￿lS of the Essex Cup and reached thc rcgional fllLals by Wi[￿Illg th¢ Coullty comp¢tillo￿ while ihe U13s progressed to the last 16 in two nafional compctitiolls. In swimming, th¢ junior girls qualified for the ESAA national finals. In athletics. a fcmalc pupil has reprcscntcd England for thc past two y¢ars at multi-events while the junior girls, and boys, teams made the reglonal finals and thc inlcr boys cros5 counlry leams made the regional finals too. PUBLIC BENEFIT Forcst School cducatcs pupils from thc ag¢s of4 to 18. The School continues to value and promote the etbos of wider comtnunity involvcmcnt and public sCtvi¢¢ and 15 w¢ll inl¢grated in its local community, which. while concentrated in the immediate Yicinilies of the School. a150 5pr¢ads across a signifi¢ant part of th¢ suburban area of north-east London. FOREST SCHOOL, LONDON GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024 The Promotiox ofEdueotioA. Involvement i* the Community, and the Charilable Objecl ofRelief PARTNERSHIP SUPPORT London Academy of Exeellence (LAE) Our 12 year partneTship with LAE continuvd throughout Ihc rcporting ycar. Thc School crcatcs as many opportlmittes as P05siblc for studcnts from botb schools to meet, share ide&s and, where po&sibl¢. work tO8ether. In 2023 Year 12 students trom both schools collaborated un a pruj¥LI to slag¢ an Cvcnt tor th¢ir pc¢rs whilc raising moncy for charity. 'fhe LAE- Forcst Charity Ball was held in November at Trorest.. the culmination of s¥v¢rdl Tnonths of c105¢ collaboration bcÉwcen Éwo group4 of Y￿r 12 studcnts from both schools working together. At the heart of the project W2S tlie leaTning experience ftkr everyonc involv¢d'. working with people from ditrerent setttng$ l￿d with ditt¢r¢nt Vl¢WPOiDls/opiDions, allowing Foi evcryonc's voic¢s to bc hcard. Icarning hoiv to negotiate and co-operate. how to overcome obslacles, finding altemative sOluÉion￿ Larving a path that both groups could work together on to reach th¢ir goal. They raised just OV¢F £1.400 for the Disasters Emergency Committ¢c (DF.C). SUPPORT TO OTHER SCHOOLS For¢st provided support to a number of locai schools and the following are examples of lh¢ work und¢rtak¢n- SCIENCE British Seienie Week In March Forest welcomed 350 pupils from nin¢ local primary s¢hools lo watrh an 'Amazing Animals, show presented by Braintastic, aimed at teacFLing children about the unseen abiliti¢s of many diff¢rent animal5. Junitsr Science Competition 23 prep and primary schools took part in the Junior Science Competition, including Forest Prrp School. Tcams of four Year 6 pupils pthicipatcd in three experiments where they had to detemiine the most logical ¢on¢lusions bas¢d on their observations and sci¢ntiti¢ knowl¢dge. While the teams waited for the results. two Forest Science teacliers put on an amazing science-based 5hoiY. Timetabled Seienee Outreach xt a local Prijnary School One of our Science teachers led sessions ai Mayville Primary School in the Michaelma5 and Lent tenns working with YI pupils looking at the human body, plants and animals and their habitats. MATHS GCSE Additional Maths Throughout th¢ ycar, Forcsi provided after-school weekly support to pupilb tn)m Fr¢d¢rick B￿Tr¢r School and Walthamstow School for Girls. in th¢ir preparation for GCSE Additional Maths, working alongside our own pupils also preparing for thi.s examination. Maths Piste Lecture Mathematician Colin Wright gav¥ th¢ 2023 'Math5 Off Pi5tc' Iccturc on thc maihcmatics of juggling to both Forest pupils and thosc from visiting local schools: Wanstead I ligh SchL)ol, I l¢athcot¢ School and Trinity Catholic High School. HUMANITIES AND LITERACY History Symposillm Forcst hosted tht third joint Forest-LAE Historical Symposium in Novembei, w¢looming Dr Pancaldi and four A Lcvcl History studcnts from LAE who.joined five Forcst A Lcvcl 14istory sthdents and their Ilead of Ilislory. Th¢ 5ymp05ium was d¢signcd lo providc an opportunity for studcnts lo research a topic of their choice, outside their A Level syllabus if they Wishe￿ and tr) each present a papcr to thcir peers and be intellcctually challenged and qu¢stioned on its ¢ontcnt. Forcst blso wclcomcd Dr David Smith from Selvryn College, Cambridge who gave a lecttw¢ on why Charles I w85 ex¢cut¢ CAREERS HE and Careers Fair The HE and Car¢ers Fair r¢turned lo Foresr in January with over 60 exhibitors showcasing a range of universilles and businesses, including employers offering appr¢nii¢¢shipb and gap year opportuy)itlC5, As wcll a5 Forc5t's own pupil& the School welcomed over 150 pupils to tile Fair from Marshalls Park Academy, WalthamstoTh' School for GTrrls, Higham's Park School, Norrnanhurst School, Brae5ide School and G¢org¢ Mit¢h¢ll School. FOREST SCHOOL, LoI￿ON GOVERNORS• REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024 ARTS Musit Outreach Sessions at a locAI Primary School The Head of co-cu￿1(￿lar NIu5ic providcd ukclclc l¢sson5 as an after school ¢lub at Wanst¢ad Chur¢h Primary School which wa5 very popular. Life Drawing Cl&s$es For thc 5ccond year ruftning, Forest offer¢d pla¢es on its Life Drawing c11￿s after school every Thursday during Lent Term to our partner s¢¢ondary schools. Dav¢nant Foundation School. King Solomon High School and Woodford CoutLty High S¢hool sent A Level Art studenrs to these weekly ¢lass¢s. Th¢ sessions were hugely popular and offered great b¢ncfit lo stud¢nls in building their portfolio. D*nt¢ Worksbops Forest ¢xtended its Dance Outreach to more partner schools in the reporting year. Two Forest Dance rea¢h¢rs worked with re¢eption classes and Years 4-6 at Snaresbrook Primary, Aldersbrook Primary, Henry Maynard Primary and Chingford CotE. In addition, and owing to their popularity, Str¢ct Dancc classes were off¢red lo mor¢ loeal primary schools throughout the year. Dance sessions were delivered at Henry Maynard. Snaresbrook and Aldersbrook Primary schools and also for Years 3-6 at Coppennill Primary School. Everyone was keen to get involved, ¢v¢n students who thcir tcachcrs rcmarkcd w¢rc not the most confident and t¢nd¢d to struggle in other disciplines. 'IYour leacher) 17as madg such apositive impacl wilh the childrert... Ihey were evén able lopÉrform their dance rO￿lineS io iheirporenis in ourfinal sharing assembfy ihis morning andiheparenls were completely blown ￿WaY1, Wansletzd Church School 'Thankyou...forwur suppori Èhisyear, it kns been really voltsable...and it has addedso muck to our curriculum. SnaresbrookPrimary s¢hool 'Thankyou so muchfor tkis, otsr children loved il and ifyou have onyikingagain. we would love lo be involved in il. (Your Èeachgr) was so good with the children. she's a credit toyour school. ' Henry Green Primary School DoAYnham Le$ Misérable5 performance In November, Forest welcomed loeal primary schools Henry Maynard Chingford COE, Coppemlill Wanstead Church Schoo]s to a matincc pcrformancc of L¢s Miscrabl¢s, th¢ For¢st's Mi¢ha¢lmas production. '] wanled io say how impressed we were wilh Ihe Les MtsérabksperformÉJnee. li wasfantaslic tMrpupils were mumerised by il (and ihe sehoolgroundsl)'Henry Maynard PriM4Vy School Blttle of the Bands For th¢ first tim¢. 'B&ttl¢ of the Band5, was held at the Theatre Royal, Strdrford East- an opportunity to showcase ibe talents of pupils (and 5taffj. Forest bands were also joined by a guest band frorn local sclLooI. Walthamstow Academy, who opened th¢ live show in styl¢. NHS Retirement Concert In December, Forest pupils put on a lovely perfonnance at the NHS Retirement Con¢¢rt at Our Lady of Lourd¢s Catholic Church in Wanstead. MODERN FOREIGN LANGUAGES Timetabled Mandarin Outreach Sessions to local Primary Schools Forcst's Hcad of Mandarin deliver¢d lim¢tabl¢d Mandarin sessions one afternoon a week at 0@k.d￿e Junior School in South Woodford in the Mi¢ha¢lmas Tern). After School Maths, Science and Spanish C]￿b8 Th¢ after s¢hool clubs at Wanstead Church School ran successtully throughout 2022-2023 and in 2023-24, another group of Year 12 sttLdents took up the mantle to continue n￿￿ing the after school Spanish, Maths and Scicncc club5 and sharing their ¢nihu5iasm foi th¢s¢ subj¢cÉ with Years 3-6 pupils. Running these clubs gives the students an opportunity to engag¢ with the local community in a posilive and mutually beneficial way and provide academic enrichment for the local school pupils with the alternative experience of bcing taught by people other than their tra¢h¢rs. German* Spanish and French Plays- On4tti Th¢#tr¢ Comp>ny In february. Forest welcomtd Frederick Br¢tner School to a perfomiance by the Onatti Theatre Company of a Gern)an language play Der Babysitter. In May. Oaks Park High S¢hool also cam¢ to For¢st for a performance of a Spanish language play Reserva Duplicada and in June Woodbridge Hi8h School. Oaks Park High School and Frederick Bremer School came to a perforniance of Le Cours d Apt. Th¢ plays us¢d words the students would not have readily recognised. along5idc languag¢ that th¢y would have b¢¢n familiar with alr¢ady to help them follow the play. Vocabulary sheets were provided at ¢ach p¢rformance to aid understanding. FOREST SCHOOL, LONDON GOVERNORS, REPORT (continutd) FOR THK YEAR EL¥DED 31 AUGUST 2024 SPORT Swimming Outreach A Forest swimming teacher developed an Outreach pr()gramme.' the Forest Swimming Performance Programm¢. invtting regionaI to national level swimmers currenily atlending state schools in Waltham Forest and Redbridge to top up ih¢ir training by joining Forest swimmers during their Perforniance sessions. Th¢ programme's aim 14 to SUPPOrt those children who encounter difficultie5 in rnakiT]g it lo elite level swirnming owing to b8Jriers such as the rising ¢ost of pool hirc for local swimming clubs as a result of in¢rc&std energy prices. Most state school ¢hildr¢n who swim ¢ompetitiv¢ly do not gct lo acc¢ss th¢ volumc of pool IiEllC Tequircd to reach th¢ highcst Icvcl in th¢ sport and for those that do, this often means training at 5.00am b¢fO￿ school and up to 9,00pm aft¢r 5Ghool due lo busy public pool prograrnmes whi¢h Can have a knoCk￿ll ¢ffect on their studyllife balance and overall ll'ell-being. Since September 2023. swirnmers from the following schools have taken advartt￿e of our Perforniance Programm¢: Heaih¢ol¢ School. Higham's Park School: West Hatch High School and Wanstead High School. One of the swimmers tsking advantage of the progrdmme competed at the London Regional Championships and mad¢ Swim Engla￿d National qualification times in 50m Freestyle and 50m Breaststroke. This was their highe￿ level of qualification to dat¢ which put them in the county's top 20 for their age. This is aTh incredible achievement for the pupil and a ¢r¢dit w this impa¢tful programme. Our Lady of Lourdes and Snaresbrook" Primary Schools also took advaniage of the use of the pool once Fore9t had broken for th¢ summer holidays OUTDOOR SKILLS In the reporting year, and for the f]rst lime, Forest Tan an afternoon of outdoor and CCF skills for lo¢al primary and prep schools. Groups of Year 5 pupils were given the opportunity to experience various activities ranging from 'capture Ihe flag, lo drumming. Pupils learned about working as a leam, following instructions. using their initiative and thinking 'outside the box,. Participating Schools were Mayville Primary School: Nightingal¢ Primary School, Loyola Prep Sciiool, The Gower School and Willow Brook Primary School. COMMUNITY ACTION ￿(￿db￿￿k donxtiOn8 For¢st's regular fortllightly foodbank donations to R¢dbridg¢ Foodbank continued and rhere was a visit io the F(Trodbank to see the work in action and how contributions ¢8n help towards making a difference to thos¢ in ¢risis in our local community. Winter Coat Collection Once again, Forest ran its winter coat collection in November. There was an ovenyhelming response from ihe Forest conimunity and the donations were divided belween two local organisations.. Branches homeless shelter in Walthamstow and the L¢ytonslone branch of The Salvation Artny. Book Collection Following a ¢all-OUt to the Forest Community for books, lh¢ School wos abl¢ to r¢spond to a local PTimary school in nccd of fiction/non-fiction books suitsble for ages 41 I following an amazingly generolls response. 'ljusÈ wtmied io say o HUGE thankyoufor rhe £Ylremely generous donation ofbookn. Th¢ range and quality isitisl fanÈaslic, and ourpupils fjndPTA volunteers kove thoroughly enjoyedsorting and browsing ikrough the titles ihis week. Pl¢￿ePaSS on our sincere ¢hanksfrom everyone ai W£llow Brook to all iKvolved in maA7Ptg the bookdrive hap￿￿., Ivillow Brook Primary School Years 7 and 8: Winter FAir, Christm#$ And Summer Hamper Riffles Th¢ Y¢aT 7 and 8 CoTrmunity A¢lion pupils h¢ld a Wintcr Fair in D¢c¢mb¢r &t St. Petcr-in-thc-Forcst Church and sold ooki¢s and ¢ho¢olat¢ truftl¢s. jams and festive ¢ards ihey had mad¢ th¢mselves to raise money for Bran¢hcs. A Christmas hamper raffle was a150 held which included items g¢nerously donated by the Forest community of pupil& par¢nts/¢ar¢rs, siaff and Old For¢bt¢rs plus it¢ms made by the pupils Ihems¢lves. The proceeds from both ih¢ Winl¢r Fair and the Christm&8 Harnper Raffle raised just over £1,000 for Branches homeless shelter in Walthamstow and Haven House Children s Hospice in Woodford Green, both of which are local charities. rollowing the success of ihe Christmas Ilamper liaffle. the Year 7 and 8 Comn]unity Action pupils held another hamper rafflc for two morc local charities: Thc Magpic Project and Cclia Hammond Animal Welfare TThst. Once agai￿ items were donated by the Forest cornmunity to create two hampers for a Summer Hamper Raffle draw in June. The raffle raised £519 whi¢h was split between the two chariÉies. Sixth Form Volunteering at Haven House On¢¢ again Y12 and 13 students undertook volunteering At Haiien House Children's Hospice taking part in a numb¢r of activities to help Haven House staff prepare for events su¢h as their Hallow¢¢n Party, and Family Christmas Party. FOREST SCHOOL, LONDON GOVERNORS? REPORT {eontinued) FOR THE YEAR ENDED 31 AUGUST 2024 LINKING SCHOOLS PROGIL4MME Workshops were held during the course of the year with forest's Y8 pupils and those from F.den School for Girls An Walthamstow. One workshop was hostcd by Edcn School which fo¢us¢d on group id¢nlily and ¢xplored how lo avoid stereotypes and promotc cmpathy and dialoguc skills. FoTCSt hostcd & workshop whiLh li)LU5¥d on 'identity' and how our own unique identity and world views are formed and shapd. They particularly enjoyed the challenge to creale a ￿ollp postcr rcflccting thcir Icarning. During cach of thc wotkshop5 IhroughiTrut the year, the groups reflected on how we live wcll togcthcr. cnsuTillg that w¢ cr¢at¢ a oohcsiv¢ Lommunity where all voices are valued and understood. LOCAL EDUCA TION Mock Interviews for Oxbridge Candidatts Forcst was pl¢as¢d lo support studenL8 fr()m 14eaihcole School and Science College and Trinity Catholic High School. all of whnm httd received intetview invitations for Cambridgc and hoping to study Mcdicinc, l.and F,conomy and Gcography. Oxbridg¢ interview pr&clice w&8 also provided to a group of I I students at Wanstcad High School_ S£hI￿ls, Climate Conference In September, during Forest's Sustainability WCCL pupils from Fredcrick BrcrrLcr School and Woodbridg¢ High School att¢nded the School's Climate Conference. Working with pupils in 16 grollps. eath ot whith represented a different nation, all the pupils researched thcir country's rc5pon5ibilitics. priori(ics and vulnerabilities regarding climate chang¢. They l¢am¢d how to negotiate and to lisken to each other and how conferen¢es su¢h as these actu￿lY work as well &% experiencing one of the key challenge5 of COPS: how w b¢st a]ign the individual needs of ¢ountri¢s with the gr¢aler needs of thc globc. Sustainability ￿OkOut1 Lecture Also during Sustainability Week, fourteen Year 13 students from Higham's Park School attended the Su51ainabilily Lookoutl Lecture. Thc gucst sp¢ak¢r was H¢nry Dimbl¢by, a ￿fOUnder of restaurdnt ch&in Leon and the Sustainable Restaurant Asso¢i4tion and an expert on food waste. Henry's talk was infomiative and about the logistical and polilical issues surrounding sustainable ￿tIng in schools. Mulliple Mock Interviews and Medi¢$' D*y In November Forest hosted the follow-up session of Multiplc Mock IntcrYic)¥s {MMts) for thc buddi￿ m¢di¢s and dentists who Ilad attended the Medics Day in June. The MM15 provide a vital praeti¢e run for the students who will be r¢quir¢d to participate in these as part of the rigorous interview process for medicine and d¢ntislry Courses. the Wls comprise amund ten rotstional stations where studcnts will b¢ asked lo apply theil judg¢m¢nu empathy, scientifie knowl¢dg¢ and understanding to unfamiliar situations. Our students We￿ joined by pupils from Heathcote School, Davenant Foundalion School: Norlington School and Woodbridge High School. East London Classics Summer School A Fores( Classics teacher has be¢n running th¢ East London Classics Summer School (ELCSS) during the summer holidays for thc last few ycars helping Year 10 stud¢nls from lo¢al slate schools to prepare for their Classics GCSE being iakcn thc following ycar. Th¢ Sumrncr School is suppurted by The Cl&ssical Associalion, the Society for the Promotion of Hcllcnic Studi¢s. King's College London, University Collegc LondoTh and Profcssor Mary Bcard and bas gro￿￿ i imtn¢nsc populaTity. This ycar th¢ Summer School look place in Hackney at)d included Iccturcs by spcakcrs from tILC Muscujn of London. Cl&ssical 'l"a]ks and the Universities of Oxford, Manchcstcr and King's Collcgc l.ondon (KCL) arross fiv¢ dayb and also includcd a tour vf the C18ssics Department at KCL. The Sununer School wclooincd stud¢nt% tri)m the t&st London area nd elsewhere in London and the Homc Countics including KclD]scott School. Fulhatn Boy5 Srhovl, Harris A¢ad¢my East London, Nower Hill High School. Wycombc High SchiNTrI St Paul's Way Trust School. Impressively, the Summer School was abl¢ to offcr a mixtwe of fvll and half bursaries to 700/0 of the s￿dentS to enable pariicipalion and engagement in an acadelltically cllriching activity. l-he fivc4lay Iccture scrics alld thc off-51t¢ trip w¢r¢ d¢5igned not only to improve the students, GLSE preparaiions but also to enwurage thcm lo ¢onsider Higher Education alongside more advanced classical routes. ELCSS tric5 to demoDstiate to young pcoplc that thcT¢ ar¢ opportunili¢s availabl¢ lo anyone who is keen to pursue Classical studies at a highcr Icvcl. Donthtion of Euglish Texts to Local Schools Following thc r¢ncwal uf tcxts, Fvr¥st's English d¢partmenl was able to make a collection of books available to local schools including Wanstead High School. Oaks Park High School. George Mitchell School and Walthamstow School for Girls. Remaining lexts plus a number of t¢xibook5 across verious subjects were given to a charity. Book%2Afri¢& Stationery Dtsnation to a Ineal School Th¢ S¢hool w&s also able to donate surplus stationery to a partncr schooL Davenant Foundation S¢hool in Loughton. FOREST SCHOOL, LONDON GOVERNORS* REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024 Sentor School Churtty Aflernoon With its festival atmosphere and a variety of stalls. just over £1,400 H'as raised in the space of an hour; fant&%tic acbicvement with all the money going to the charities which the Houses had fundrdised for throughout the year and for the School's charities as previously chosen by the pup&ls'. Haven House Children's Hospice. Cancer Research UK Water Aid and WWF. FusioA Thc Ycar 13 studcnts organiscd a thoroughly cntcrtaining ¢vcniThg of music and dancc cclcbrating a panoply of divcrsc backgrounds and hcritagc. showcasing th¢ aniazin8 niu5ical aEhd dancc talcnls across thc School while raising £610 for Thc Sharatk Projcct. a clLarity which aims to support 8lld ctnpow¢r wom¢n exp¢ricllcing di£ficult do]ncstic circuTll.%iance8 to aid wid¢r und¢rstanding of th¢ chall¢ng¢s th¢s¢ wom¢n fac¢. LI￿ Lounge traditionally takes place towards the end of each terni and in December and Marcll Year 12 and 13 ￿dentS came logether to play music of their choi¢¢ lo a 5UPPVrtive uridiencr of Ih¢ir frllow students whilbt raising moncy for charity- 'lthey raised just under £200 for Wom¢n's Aid, a national chariry working for the l&st 50 years to ¢nd domesti¢ abusc against ivomcn and childreLI. Lower School-FindingPuck Thc tickct salcs from the Lower School'5 production of Finding Ptlekwas donated to the charity, Action for Children. MacmillaTh Coffee Morning took place in o￿ober and raiscd jiist over £610 Ceilidh and Soul Night: building on the success of last year's incredibly popular St Patrick's Day Ceilidh, the event this year was expanded to includc thrcc 5tudcnt Soul Band5 culminating with a traditional Irish Ccilidh dancc lcd by Forest's Trad Band. All the pro¢eeds from the ticket sales. whi¢h amounted to £500, were donated lo Kinelika Bloco, a musical charity which helps yoiinE people in London aged 9-25 from diverse backgrounds to build ¢onfJdence resilience and musi¢iartship. Egster Egg Raffle.. A Year 12 student raised just over £293 from running an Easter Egg raffle across the whol¢ school in the nm-up to Easter to raise money for Gut5UK! a charity which funds research into a range of digestive disorders and cancers. House &bng* in its second year* providcd an opportunity for Houscs to Work as onc on an cvcnt promoting House ethos and community and raising £651 for the Action for Children charity. The songs were carefully selected in line with the fheme of ¢tlebrating our differences as a diverse and inclusive school community. Hous¢ Musi¢, another stalwart of thc Forest music ¢al¢ndar, raised a phenomenal £1,500 for Restore Th¢ Music, a charity whi¢h provides div¢rs¢ musical insirum¢nts to young p¢opl¢ in ar¢as of high d¢privation. Non-uniform Day was held in D¢¢¢mber with all pro¢¢¢ds going to the charity, L'Afrikani based in Nairobi with which the Sch()ol has a clos¢ conn¢¢tion. L'Afiik#na wotks to improv¢ th¢ ¢du¢ational opportuniti¢s of all age groups who may have missed out or had their educalion disrupted due to poverty, marginalisation, conflict or crisis. Just under £1,600 was raised which will go towards L'Atrikan&'s WOTk in improving the prospecls of the people of Nairobi and surrounding areas. Summer Concert markcd the end of thc rnusical ycar featuring many Forcst School musical cnscmbl¢s such as thc C.hap¢l Ch4)ir, Forest Funks(ers and the Big Band with tick¢t sales raising monty for Great Omond Stre¢1 Hospiial charity. Cop¢land'5 House ¢ollcctcd 400 bouks us¢d or unww]t¢d books ov¢r th¢ coursc ol a w¢ck for thc ChildTCTL'5 Book Pr()jett. a charity ￿1th ￿akeS books availablc to those who wollld not othen¥È4e have acGess to the.joy of rcading. Doctvr's House ¢ollE¢ttd dvnativns foi th¢ annual Christmas H￿￿￿1esS Fair al th¢ Gr¢¢nhouse Proctic¢ in Hackncy. Th (yreenhouse l¥actice is part of the East London NHS TroundaÉion-I'rust (ELF'f) and serves anyone in the City 4)nd Hackney experiencing homelessness, living in temporary accommodation, or is vulnerably housed. 'fhe bair serves as comprehensive hub of health dnd dSSiStance, offering help to those living in hostels or supported housing, us w¢ll #s thos¢ slecping rough, sofa S￿illg. or spending significant amounts of time on the streets. Hot food and drinks were provided on ihc day of thc cvcnL along with frcc haiTculs. wintcr csscntials. toilctrics, vctcrinary advicc. social carc consultation& vactinatÈons. And a range af other health serviccs. A vast array tsf n()n-peri.%h&l)le food itcms ivere donated by Doctor's Housc to help thc Grccnhous¢ Practicc's SCTVICC uscrs to prqiarc for the coldcr months. Hepworth Ilou$e colle¢¢ed lightl), used bras and new pants for Smalls for All, an asnazing Ch￿ity which collect5 undenvear for people in Afri¢a and the IJK who cannot afford undcnvear. Giving undenvear may s¢tm like a small geslure. bul il ¢an mgke a hug¢ dill¢T¢n¢e to the rv¢ryday liv¢s of people in low in¢ome ¢ountries and enablcs th¢m to participate tiilly in daily life outside of the home, for example, young girls do not have to niiss several days of school each month through a lack of und¢nv¢ar. Kingsley House Kingsley House launched the annual school-wide Christmas Toy Appeal which seeks presents for childrcn living in a rcfugc and escaping from domcstic violcnce. Thc Appeal is run by the charity Kidsout which distributes the presents. 10 FOREST SCHOOL, LONDON GOVERNORS, REPORT {continu¢d) FOR THE YEAR ENDED 31 AUGUST 2024 'Six? the Musical Performance: a group of Sixth Fom) sthdents orgonised a charity production of -"Six' the musical with a ontrtime perfornianc¢ for thcir fellow studcnts. Thc pcrforniance raiscd just over £222 for Girls Out Loud. a Charity which empowers girls to better channel their potential and make inform¢d. p051tiv¢ life choices. PREP SCHOOL The Prep School was as busy as thc Scnior School in raising mon¢y for charity during the year. In September, they donated Harvest gifts to Hcat or F,.at. a loca] foodbank charity in Walthamstow and donated coats to our whole school wintcr coat collcction in latc Novcmbcr. MoJTiS Hou5c ran a v¢ry 5Uff¢55ful Sho¥bvx Appeal for the Salvation Anny in the run-up to c.hristmas and adv¢Dt calcndJTY werc collecied and dOna￿d to Treats for Kids before c1￿1stMaS. In Lent T¢rtll. Pr¢p School pupils wcrc busy raising money for their charities through the House Cbarity Disco for thc NSPCC (£900) and thc Dodgcball Toumam¢nl for Cancer Research UK (£I,074). Pupils also took part in the whole school Bvok Collecti()n for a local primary school and organised an E&ster Egg Appcal for Treats for Kids as wcll as .wpporting a Sixth stL]dent"'s charity appeal for GutsUK! tlmugh thc salc of tickcts for an Ea5tcr Egg Rafflc. In TriniLy Temi, pupils from Aikinson and Morris Houses hosted a Charity Afternoon which. together with the Soccer Aid ev¢nL rnised ov¢r £1,300 for UNICEF. BURSARtES Forest School believes it should use its resources lo make the benefLts of a Forest education available to thos¢ for whom it woiild not ordinarily be available. This approach help.s to ensure a r￿u5¢d di%tribution of funds, whereby mor¢ children from households which cannot afford to pay the full level of fees, are provided with ad¢quat¢ financial support to do so. 11 is a key factor in ensuring that thc School 15 a150 ac¢e5sible to ¢hildren from d¢prived and rnarginalised backgrounds. To 5UPPOrt Ihi3- Forest ¢ontinu¢s to make schools, local authorities and oiher Children's services aware of its Found¢rs' Day Bursary.. designed specifically for childr¢n in carc or with exp¢ricnce of the ¢or¢ sysl¢m Forest continu¢s to work with Royal Nati0J￿1 Children's SpringBoard Foundation, a social mobility charity, to d¢velop the process of placing looked after children in independent schools on fully supported places and supporting ils iolloul to oth¢r lo￿1 day g¢hools Continuing it ambition to achieve this wider ￿a¢h, the School ¢ontinues lo scale back its non-means-tested scholarships (where money is awarded on academic or othcr merit). and to devclop its Assist¢d Pla¢es' programm¢ of lo￿/￿ m¢ans- tested bursaries. Thes< together with recipients of our Founders, Day bursaries and other IOOO/o bursaries resulted in 37 pupils at Forest in the reporting year on fully funded plac￿. The purpose, 8s with our other means-lested awards, is intended-. to offer placcs to the cliildrcTh of families on lower incomes to attract able children who will benetit from a Forcst cducation to enrich the educational experience for all Forest pupils by broadening the pupil mix Fo￿t also carries out annuil reviews of its means-test bands al￿ tnsurcs thcy arc incrcased 50 that parcnts who arc cligibl¢ for fillaThcial as5iStanc¢ ￿aY apply for it. In addilion to providing financial assistanct to parents of children on buTSarÈ¢b. the SLhool alq() provides financial assistance towards the cost of additional itcms, such as school uniforni. school bus use and examination fees. Additionally, the School continues to reccivc sponsorship to support part f¢¢s for a 6 FO[￿Er, from Mulallcy & Co. In addition to providing school fee assi51anc¢ to par¢nts and the range of parthership and community support set out above. the following are other are￿ of broadcr public bcn¢fit- Particwalipzg irt ondhosting sporting even¢s andfixlures againsl mainthinedschoots (mdfor sports organtsoiions.. Forest's 5POrting fixturcs list 15 t)q)ically ¢ompT¢hensiv¢ and eclectic. and pupils participate in the main School sports Hgainst a wide range ofmainiained %hools )nd other youih groups, many of which arc hostcd at Forest. In the reporting year. Forest ¢ot)tinued to host the diamond league athletics meeting at Ashton track and field facility, covering the cost of the track hirc for Wcst Hatrh and Dav¢nanl, both stat¢ maintained schools. The School also hosted a weekly Swimming Perforrnan¢e Outreaeh Programme with pupils joining from West Hatc￿ Wan5tcad, Hcathcotc, and High8rns Park S¢hools. Forest Continued to host all Ess¢x Cup matches played against Stale schools for both football and ¢ri¢keL including an Ul 5 football festival for local school4 including West Hatc￿ Frederick Br¢mtr, Kingsford, Lammas, Buxton and George Mitchell, in order to minimi5e thc costs for Ih¢sc schools. FOREST SCHOOL, LONDON GOVERNORS> REPORT {£oDtinued) FOR THE YEAR ENDED 31 AUGUST 2024 See above for the support provided by Forest School to pupils in maintained ￿l)00]S in culttwai, artisti¢. drdmatic and musical a¢tiviti¢s. Acting as afo¢alpointforeducaiioiwl, intelleeftlal (mdseholarjj activities and rosearch.. In June 2024. the Head of Y12 from Wanstead High School vistted Forest to me¢t ivith the H¢ad of Sixth Forni to sharc good Practice. The Head of Sixth Trom also Conducted 10 Oxbridge style mock interviews for Wanstead High School in November 2023. The School attends regular events set up by maintained schools to promote the lfrk Scholarsliips and bursaries in parfi¢ular. In th¢ r¢porting y¢ar Ih¢s¢ tncluded visits by the For¢sl Head of Sixth Forni lo Gcorgc Milchcll School in May 2024. As a core member of the Independent Sector Teacher Induction Panel, Forest continues to lead as on¢ of 27 training centres in the country for Early Career Teachers working in indepeThdent schools. Since 2021, Forest has organised and hosted six training days which are attended by >50 early career teachers from the North London and Southeast r¢gi¢)n (of which several were prin)8ry). These days involved intensive pedagogy workshops, visiting speakers and opportunities to sharc and distribut¢ k5t practicc. Contributing (o the ¢hariMbk objeei of relwf." Forest S¢htsol contributes to the charildbl¢ obj¢cl of r¢li¢f through 41 vari¢ty of activities as d¢monstrat¢d ¢arli¢r in this report. Pupils develop a clear understanding of civic duty and the value of public service as a direct benefit io so¢i¢ty as a whole, and a sense of self-discipline and concern for oth¢rs. This ￿ all actively en¢oiiraged by the School and this ethos is enshrined in the organisation and aims of the School where pupils are encouraged to take on responsibility for oth¢rs as wcll as for thcm5cIvc5 and to dcrnonstratc cornmilmcnt to thcir School and fcllow pupils. Forest supports many charities and projects in the local community, some on & regular basis and others as they arise in situations of ¢meTg¢n¢y. Each lernt th¢ pupi15 chos¢ a numb¢r of chariti¢5 to 51lPPQrt' Ih¢r¢ ar¢ rcgular charity aftcrnoons held at the School. Enablingsthfflo of ikeir time lo choritoble al￿Otk￿r organisali07JJ." The School encourages both teaching and non-teaching statTto offer their time and expertise to other schools and organisations. This is evidenced above in the support given to our local partner schools. A number of For¢sl staff serve as governors of other schools. FUNDIL41SING PRACTICES AND PERFORMANCE Thc govcrnors ar¢ aware of th¢ Charities (Prol¢ction and Social Investtn¢nt} Act 2016 and r¢cognisc the importance of mccting thc highest standards of practic¢ and carc in rclation to fundraising activitics. Thc School has 5igncd up to the fundraising ¢od¢ of pra¢li¢e and has voluntaTily registered with the Fundraising Pr¢fcTCnC¢ Scryicc IFPS). Th¢ School raises funds from Old For¢sters, parents, staff and thos¢ with a personal ¢onnc¢lion to thc School only and docs Thot undcrtakc fundraising ¢ampaigns to m¢mb¢rs of ih¢ publir. Thc School considcrs thc origin of unsolicitcd donations and lega¢i¢s. No ¢omplaints" were r¢c¢iv¢d ¢on¢¢ming th¢ School's fundraising a¢tivities. 12 FOREST SCHOOL, LONDON GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024 FINANCIAL REVIEW In¢om¢ of th¢ ¢onsolidAt¢d entity tor y¢ar to 31 August 2024 w&s £34,431,795 (2023: £31,518,776)- After allowing for depr¢¢iation of £1,232,387 the Group made a surplus of £476,478 for the year, of which £242.622 is due to the operation of th¢ S¢hool, ¢x¢luding donations r¢¢¢iv¢d. Flxed #$sets A tull analysÉ5 of fixed ￿Set movements is shown on note X. During the year, the School spent £714,716 on f￿ed asset additions. R¢serve$ poliey At 31 August 2024. thc Cjroup had total resery¢5 01'£16,749.848 of which £29,851 were restricted ￿ndS and £19.681 was dcsignated a% &.%ch()12r.%hip fund. lJnre%tricted genernl fi]nds totalled £16,676,047. Iliere is a deficit on free reserves, dcfincd as unrcstrictrd general fvnds It%s fixed assets net (Jf bank loans of £2,289,744. A key feature of the policy ]% tfj eT)wre compligxbC¢ with the boJ)k-"s ¢ovenants applicable to th¢ outstanding loan. One of the financial covenants requires that the School maintains an EBITDA to Debt Service of at least 1.50 to l. With a EBITDA to Debt Service of 2.78 to I, Ihe bank's covenant has been ¢omfortably meL The reserves policy of the school will be reviewed annually by the Governors. FUTURE PROSPECTS Within the School's financial development plan.. To ¢ontinue with on-going refurbishment of existing facilities To implement the plan for a pavilion on The Park (Forest's sports groundl, currently at pre-planning ￿age To be aware of suitable opportunities that may arise in relation to other independent schools, following the implementation of VAT on school fees plus monitor and react to ttrke impact of VAT on school fees. PRINCIPAL RISKS AI¥D UNCERTAINTIES The Governors have assessed the major risks to which the School is expos¢d and ar¢ satisficd that syst¢m5 arc in plac¢ lo mitigate the School's exposure to the major risks. Such risks ar¢ r¢viewed on a rcgular basis. by the H¢alth. Saf¢ty and Risk Managemeni Committee, in order to gain assurance appropriatr stcpslaction ha5 b¢¢n tskcn to rnitigat¢ any impa¢t that th¢y may have on the School in the fuiure. Impact of th¢ 2024 election outcome on the s¢etor As gnti¢ipat¢d, th¢ Autumn Budget 2024 confimied the removal of VAT exemption for private school fees for terms begimiing on or after l January 2025. Starting trom April 2025, independent schools will no longcr be eligible for business rat¢ relief. Also from April 2025: there will be an increase in employer's national insurance contribulions. The irnpact of these changes may adversely impact upon pupil number4 particularly in the Sixth FOML. 13 FOREST SCHOON LONDON GOVERNORS? RKPORT {continued) FOR THK YEAR ENDED 31 AUGUST 2024 The Governors considered these and other major risks to which the School ffis currently exposed including.. l. Risk of accident involving staff. pupils or visitor 2. School's reputation in the marketplace Compliance with safeguarding regulations 4. Major health epidemic 5. Breach of security due to unauthorised access to the School site and IT systems The key controls used by thc School to manage r&&k include.. l. Regular risk assessments with internaI checks 2. Ensuring good public relations and monitoring examination results 3. Rcgular rcvicw of safeguarding policy and provision of staff training 4. C105c liaison with the Tclcv8JJt hcalth authority 5. CCTV monitoring and cnh8ncemcnt of sccurity mcasurcs. CARBON AND ENERGY REPORTING Th¢ information b¢low 15 ba5cd on thc amount of gas, oil. clcctricity and fucl con5urncd by thc School during the ycar. This was convcrtcd to kilowatt hours using thc wcbsit¢ hiiii"..(tyJrbvii-LiilLiildlvr.L)fL.uk, which uscs convcrsion factors providcd by DEFiL4 as part of its Environmcntal Rcporting Guidclincs. 2024 4,143,771 2023 4,403,944 UK energy use kwh School and L¢isure Centr¢ Gas oil, electriciiv and fuel Associated greenhouse gas emissions Tonnes C02 e ivalent Intensity ratio Emissions per pupil.. 1,501 pupi15 1.019 tonnes 1.069 tonnes 0.68 tonnes per pupil 0.70 tonnes per pupil The inteTJsity ratio measures energy usage compared with an o riate business metric. Governors, duti¢$ under S¢¢tion 172 of th¢ Co ies Act 2006 Section 172(1) of the Companies A¢1 2006 r¢quir¢s that a dir¢¢tor of a company must a¢l in th¢ way they ¢onsid¢r. in good faith, would be most likely to promote th¢ su¢¢ess of the company for the b¢nefil of its members as a whol¢ and ill doing $0 hav¢ regard to.. the lik¢lY ¢ons¢qu¢n¢¢s of any d¢¢ision in th¢ long tern) thc int¢r¢sts of the ¢ompany's ¢mploy¢es th¢ n¢ed to fost¢r the company's busin¢ss r¢lationships with buppliers, customers and others . the impa¢t of th¢ company's operations on th¢ commuoity and the ¢nvironment the d¢sirability of th¢ company maintaining a repulalTon for high standards of business condu¢l, and . the n¢ed to act fairly between members of the company The Governors h&ve regard to the interests of the School's employees and have ensured that the School provid¢s a saf¢, in¢lusive environment for all employees to w'ork within. All employees are treated fairly, slith the consisient appli¢&lion of the S¢hool's rules and policies. fNSET is provided ihroughout the year lo help ensure that ernploy¢¢s ate k¢pt up to date with regulatory changes and emerging issues that may affect them. An Employee Assistance Programme is available to all employees and provides confidential access lo an online source of selt-lielp and wellbeing intorniation. Governors have regard to the need to foster the School's business relalionships with its suppliers. Payments are made to suppliers promptly, in accordance with their paymenl terms and a]1 suppliers axe treated fairly, i￿eSpeCtive of their size. Potential supplieTS are afforded the opportunity to tender their goods/services to the School and no preference is given to any suppliers during this process. 14 FOREST SCHOOL, LOIYDON GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024 STATEMENT OF COVERNORS, RESPONSIBILITIES The Governors (Ivho are also directors of Forest School, London for the purposes of company law) ar¢ responsible tor preparing the Governors, Report and the financial sfatemtnts in aceordancc with applicable law and United Kingdo Accounling Standards (United Kingdom Generally Accepted Accounting Practice). Company law r¢quir¢s th¢ Gov¢mors to prepare financiol statements for each financial year which glve atrue and fair view of Ih¢ slale of aLTairs ot the charitable company and the group and of the income and application of resources. including th¢ in¢om¢ and ¢XP¢JLditure. of th¢ charitable group for that perii)d. In preparing these tinancial statementi the Govemors ar¢ r¢quir¢d to.. Select suitable ac¢ounting policies and then hpply ih¢m ¢onsist¢ntly Observe the methods and principles in the Cliarities SORP Make judgements and estimates that are reasonable aThd prudent State whether applicable UK Accounting standards have been followed. subject to any m24terial departures diselosed and explained in the financial smemenls Prepare the financial statements on the going concern basis unless it is inappropriatc to prcsum¢ that thc charitablc company will continue in business. The Governors are responsible for keeping propcr accounting rccords that disclosc with rca50nablc accuTacy at any time of tbc financiat position of the ch8Xitablc company and cnablc thcm to ¢nsurc that th¢ tinancial statelnttnts cornply wtih th¢ Companies Act 2006. They arc also rcsponsiblc foT safcguarding thc asscts of th¢ charitablc company and thc group aTJd hence for taking reasonablc stcps for thc prcvcntion and d¢tcction of ftaud and othcr irrCgUl￿ltLeS. In so far as we are awar¢: Th¢r¢ is no ieleyanl audit irrfornjation of whi¢h th¢ charitabl¢ ¢ompany's auditor is llnaware,. and The Governor5 have taken all steps thal they oughi lo have tak¢n io make th¢ms¢lves aware of Any r¢levanl audit infonnation and to establish that the auditor is f4ware of that infomiation. In approving the Governors, Report the governor5 also #pprove th¢ Slrat¢gi¢ Plan In their ¢4pA¢ity 48 comp*ny directors. Thi5 report was approved by the Board on 5 D¢c¢mber 2024 and signed on its behalf by.. D. Wilson Chair of the Governing Council 15 INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FOREST SCHOOL, LONDON OplllioD We have audited the financial *atrm¢nts ofForest S¢hool. London ftir the year¢nded 31 August2024 which ¢omprise th¢ Consolidaied Statement of Fu]ancial A¢tivttie& the Group and ChaJity Balance Shttts. the ConsoliiJat¢d Statemejjt of Cashflows and notes to tbe finaD¢ial statements. in¢luding a summary of significant accounting policies. Th¢ finan¢ia] r¢porting fram¢work that has been applied in ihew pr¢paraiion is appli¢abl¢ law and Unii¢d Kingdott) A¢¢ounting Standards, including Financial Reporting Standard 102 The Fin¢mciuIRepoTtingStond￿dUpPII¢￿b1¢in ihe uKandRep¥bl￿of]￿eIOKd(VnLted Kingdom G¢n¢ra1lyAcc¢pt¢dA¢countingPra¢ti￿j. In our opinion, the f2noThcia] statements.. give a ttue *]d fair view ofthe state ofthe grow)'s andof ibe parent charitable company's affairs as al 31 August 2024 and of the group's n¢t movement in funds. ineludin8 the income and expendithre, for the ycar then ended- have been prowiy pr¢pared in accordance with United Kingdom G¢n¢rally A￿pted Ac¢ounting Pra¢ti¢¢' and have becn pr¢par¢d in ac¢ordan¢e with the requirnnents of the Companieb Act 2006. Basls Cor opinio W¢ ¢onducte41 our audic a¢cordan¢¢ with Int¢n)ational ￿andardS on AuditiDg (UK) IISAS {UK)) and applieabl¢ law. Our r¢S￿nsIbilitieS wider thos¢ standards ar¢ furth¢r d¢s¢rib¢d in the A￿dilor'S responsibilities for the audit of the fiDancial stat¢rnents section of our rep)rt. We are independent of the group in accordance with thc ethical requirements that are relevant to our audit of the fmancial stateni¢tklS in the UK ineluthtsg the FRC'S Bthical Standard. and we have fvlfilled our oth¢T ¢thi¢a] r¢sponsibiliries in accordance with these require]nents. We believ¢ that tbe auditevid¢ttce we have obtsitied is sufficxent at￿ appropriate to provide ab&%is for our opiniotL C•Jh¢lv$ions rtlitiDg tts golng eonter In audi¢ing the f￿ancIal stat¢m¢nts, w¢ hav¢ concluded that the Governor5. use of the going concern b&si5 of accountin8 in the preparation of the fmancial ￿ateMentS is appropriate. Basedon thework we haveperfonned, we havenot identifirdany tnalevial Uncertalntitsttlatll￿to ev¢ntsor conditions thal individually or collectively, ttLay c&%t sigllificant doubt on the group'"s attd pareni ¢hasitsbl¢ company's ability 10 ¢Ontitiue as a gotng ￿ncern for a period of at least twelve months from wh¢n the finan¢ial statem¢JJts authoTis¢d for Issue. Our respJnsibiliues and th¢ resp)nsibJliti¢s ofth¢ Qov¢rnors with r¢sp¢¢t to going wneern are described En thc relevant scrtions of tl)i5 Teport. Otbtr information The Govcrnors are responsible for the other itifomiation. The othei inforniation comprises th¢ inforniaiion in¢lud¢d iti the Chair. Siatewent alld GoveLllors Report. Our oplnion on th¢ fjllancial ststemenis does noi cover the oiber inforniaiioD an￿ except to tbe eMent otherwise explicitly stated in OUrre￿tt, we dts not express ally forn of assurall¢e ¢on¢lusion thereon. In ￿nn¢¢tiOn Mryth our auth"t of the financial statements, our Tesponsibility is to read the other infomiation and, in doiD8 So, consider whethetthe other informatioll is materially in¢onsistenl withth¢ fu)all¢ial stat¢ments orouTknowl¢d8e Obtai￿ed inthe audit orodi¢nwis¢ opp¢ars to b¢ niatCTialty misstated. If we i&ntify such mat¢ri81 inconsistencies or apparent Tnaterial mis5tatcments, w¢ are requircd to d¢t¢rmine wh¢th¢r there i5 2 material misstatement in the f￿ancial statements or a material misstatement of the other Inforn￿tioD. I£ bas¢d on th¢ work we have ￿rfO￿ntd. we conclude iliai there is a niateriaE misstst¢men¢ of this oiher inforn)ation, w¢ are r¢quired io report that fact. We havc nothing to rtport in this regard. Oplnlon8 oihtr m*tttrs prtseribed by the Companie$ Aet JI06 In our opinion. based tb¢ work undertaken ￿ the ¢OUTS¢ of th¢ audit.. the inforniaiion giv¢n in th¢ Gov¢mors' R¢port {whi¢h includes the strate8ic report and the directors, report prepared foT th¢ purposes of company law) for th¢ fman¢ial y¢ar forwhi¢h th¢ fiuaThciaJ statements are prepared is cojjsistent with th¢ f￿an¢la1 statem¢n¢s' and the strategic T¢POIt and th¢ dire¢tors' r¢port includ¢d within the Governors, Rerrt)rt have becn prepared in acwrIlan￿ with opplicablc Icgal requiremcnts. M4tlers on which we are required to report by exeepti• In the light of the knowledgc and understanding of the group #nd th¢ pmt Charitable ¢ompa*y and its environment obtaI￿d in the course of the audiL we ILave not idelhfified nvdterial misslatements in the Go￿rnOr$, R¢p)rt (whi¢kn in¢orporaies the strat¢gicreport and the directors, re￿Thrt). W¢ have Dothing to r¢port ill r¢spect of tbe following matters tn relation to which the Cornpanic5 Act 2006 requI￿S us to report to you if. in our opinion.. adequate ac¢ountJllg r¢cords hav¢ noi b¢¢n k¢pt by di¢ parent cbaritsble company: or the parent th￿Ilable wmpamy fthancial sratem¢nis ar¢ n(pt in agr¢¢m¢nt with th¢ accounting r¢corth and r¢¢urns; or ¢ertaEll disclosures of Govemors, remuneration specified by law are J)ot mod¢: or we havt not rcccived all thc infonnation and expl￿allonS we require for ow auth"t. 16 INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FOREST SCHOOL, LONDON Rtspollslbllltlu of Governors, for ttLe f￿An¢}91 stateD)eDts As ¢xplaitted more fvlly in th¢ Gov¢rnors' reswnsibilities siatement set ollt on pag¢ 15, the Governors (Wno are also tbe direetors ofthe ¢han"tsble compaAy for the purposes of company law) ar¢ r¢spo]Jsibl¢ for th¢ pr¢paratioD of th¢ financial statemcnts and fw being satisfi¢dthatthcygiv¢ atN¢ and f8irvi¢w, and t()rsu¢h int¢rno1 ￿ntrol as th¢Qov¢rnors d¢tennine 18 nece5saryto enabletheprwation of finan¢ial stsiemen(s that are free from maieria] misslatemenl i¥hetherdue ￿ fraud orerror. Inprcpanng the financi81 statements, the GovernoTS areresponsible for ￿sessing the 8TOUP'S andthe parent charitable cornpany's sbility to conlillue&s agoin8 concern, th'sclosing. as applicable. matter5 relatedto going concerll a[￿ll51￿gthc going Gonctrnbasis ofaccowJtiDg uD]css the fjovernors either illtend to liquidate the group OF the pareDi cbatitable company or to c£a5e operatioijs, OT have no reali5ti¢ alternative but to th) so. Auditor'5 respoDsibiIitie5 for the audit of the fillancial statcmtllt5 Our objectives ar¢ to 0btainr￿&Qllable J55ufdTLC¥ about whetheithe fittancial stat¢￿¥￿￿ as d whole are fr¢¢ from matcriol nJisslal¢m¢Thl, whether due to fraudore￿Or. audto issu¢ attauditor's rep)n thai xn¢lud¢souropiDioo R¢asonablc asswancc 14 ahÈghlevcl of a4suranct. but 15 Ilot a guarantc¢ that an audit conthiL(ed in aGwTdan¢e with ISA% {IJK) will a]ways detect a material misstatrment when it exists. Misststements can arisc from fraud or crror and arc considued material if. illdividllaily or the ag8re8ate, they could Teasonably bc expected to influenc¢ th¢ ¢¢onomic d¢cisions ot user5 iaken on thc basis ofthese finaneial statements. Irregulariti¢s. includiug fraud )r¢ instaurx5 of nonvwllplianc¢ with laMF alld r¢8ulations. We design proctduTe5 in line with our r&wsibilitics, outlined abDve, to detect materia] misstatements in re5ped ot iFresuiaTities. 1￿cluding tral￿. TbE exient to which our pro¢edures are capable of detecting 1￿c8u18[1tie$. includjng fraud is (ktailed below". B￿don our under5tandin8 of tbe group. the parent charitable company alld the environment in which it operate, we identified that th¢ pritL¢ip81 risks of nc>n-¢Ot)Ipli8nce with18ws and regwlations r¢lated to The Edu¢ation Ilnd4)¢ndent S¢hools Standards) R¢gulations 2014, 58fe8uardm8 re8ulation5. h¢alth alld safety requirem¢llE GDPK ¢mploymethl law and Ch￿lty Law and we Considered the extent to which non-compliance migbt bave a material etrect on thc fJnaD¢ial siat¢m¢nts. W¢ also considered those law5 and regulations that have a du¢¢t irnpa¢t on th¢ pr¢paTation of the financial statements such as the Companies ACL 2006, the Charities Act 2011. the Statunent of Recommended Practi¢¢ for Charities ISORP 2015) (s¢WJ￿Eth'tlQD, ¢fftdiv¢ l January 2019), atsd consid¢r other faaors su¢h as payroll taxes and VAT. W¢ ¢vaiuat¢d mana8¢ment's incentives aDd oppottimities for fraudulertt mthjipulatffton of the f￿ancIal statements (including the risk of override of e4)ntrols1, and deteTmincd that the princ￿al risks were related to P05tirJg inapprepnate journal entries at)d Matsageme￿ bias certain accounting estimates and judgements. Audit piottdutes perforn￿d by the ellgogem¢mteaJn included.. nspECting COTrespondEnCe with regulator5 andtax authotities., Insp¢¢ting th¢ outcornes gf any regulatory inspectii>ns; Discussions Mith management in¢luding coJJsid¢ration of known or susp¢d¢d instan¢¢s of non-¢ompliall¢¢ with laws and regulation and fraud. Evaluating mAnagem¢nt's ¢on(rols d¢S1￿¢dtO PT¢v¢nt and (kte¢t iJT¢glllarittes", Identifying and tESting journa]s. using data ￿tal)nicS to focus oll hi¥her risk en1ries' alld challen￿n8 assumptions and judgements made by matsagtmtnt in their accounting estillLates. Because ofthe inherent limitatiotts of all audit, there is aiisk that we will notiktect all irregulinties. itL¢ludu)gthos¢l¢athng to amat¢rial misstatellleDt ill th¢ fitWLcial 5tat¢ments or non.¢ompliance with regulatton. This riqk in¢rc3S¢S th¢ rnorc that complizncc wirh a law or regulation is Itlnoved froJJJ thr ¢VEnlts and trans*i¢lions trfl¢cled ]n the financi&l slaiemenls, as we will be less likely to become aware of vf DOn-4X}￿pIIall¢e. The r￿k is also greater r¢gar4]ing xrRgvlariti¢s o¢curring due to fraud rathcr thall crnTrr. a5 trJud involv¢$ intentional ¢oncealm¢nt. forgcry. collusion. nmission or rnisrepresentstiOTL A fiutheJ des¢riprion of our responsibilitics for the auth"t of the fllmncial ststements is located on the FinatiGial Reporting CouDcII's wcbsite at.. lvww.trc ui .ukld￿dIlu1S[trs nbibdiliek This desctiption part of our auditOl'5 tEWrt. Use ofour report This report is made solely to the clwitable companls M¢￿be[S. as a bo(ty. in acrordatsce with Chapter 3 of Pan 16 ofthe Compames Act 2006. Our aiidit wothhas beellundertaken so thatw¢ might stateio the ¢haritabl¢ ¢ompany's m¢mb¢rs thost matt¢rs we are requtr¢d to State to thern iTh an Audjtoes TeptsTt and for tto other pttrpose. To the fullest extent ptn)Jitted by law. we do not accept or ass￿¢ r¢spo]JsibLti(y lo atkyone olh¢rth8J) thc cbmtabl¢ Company and thc c]witable company's Memb￿5, &$ a body, tor out audrt worl for thi5 t¢￿rt. ot for the opinions we have fom]¢d Trac¢y Young (S¢nior Statutory Auditor) For and on behalf of Hay$m￿ LLP. Statutory Auditor Date.. 10 Queen Street Plac¢ London EC4R IAG 4 March 2025 FOREST SCHOOL, LONDON 17 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (ineorporating ineome Alld expellditure *eeounl) FOR THE YEAR ENDED 31 AUGUST 2024 De$ignAttd Non charitable trading activilies Unrestricted Fund$ Restricted Fllnds 2024 2023 Notes INCOME FROM: Charitable activities= Tuition tees Other school income 31,775,772 822,912 31,775,772 822,912 29.385.867 685.940 Donations and legacies Oiher irading activities Investmenls 82,580 256.543 312.154 82,580 1,433.906 316,625 3,473 1.340,326 103.170 1,177.363 4,471 Total Ineome 33.249.961 1,181.834 34.431,795 31.518.776 EXPENDITURE ON: Raising funds 327,437 1.025,778 1,353.215 1.242,600 Charitsble activities 32.597.322 4,780 32,602,102 29,790,546 Total Expenditure 32,924,759 1,025.778 4,780 33,955,317 31,033,146 Net income before transfers 325,202 156.056 (4,780) 476,478 485,630 Transfers 13 156.626 (156,626) Net movement in funds 481,828 (570) (4,780) 476.478 485,630 Fund balallces broughtforward at I Scptcmbcr 2023 16,213.90Q 24.839 34,631 16,273.370 15.787,740 Fund balances carried forward at 31 August 2024 16,695,728 24,269 29.851 16,749,848 16.273.370 All activities continuing. There are no r¢¢ognis¢d gains or losses other than those disclosed above. No Summary In¢orne and Expenditure Account ha5 been prepared as this infomialion is clearly identified in the above statement. The notes on page5 22 to 37 forni part of these fman¢ial statements. Th¢ analysis of comparative figur¢5 for 2023 are shown in note 19. 18 FOREST SCHOOL, LOI4DON Company Number: l)0429150 BALANCE SHEETS AS AT 31 AUGUST 2024 Group Charity 2024 2023 2024 2023 Ntste8 FIXED ASSETS Tangible fixed assets Investments 21.777.330 22,295,001 21,751.705 22.265,192 21.777,330 22,295,001 21,751,707 22.265,194 CURRENT ASSETS Stock Debtors Cash at bank and in hand 30,532 819,529 16,294.473 34,753 761,189 2,657.277 28.249 1.383,401 15.408.129 32,066 938,160 2,208,515 io 17,144.534 3,453.219 16,819.779 3,178,741 CREDITORS: Amounts fAlling due withln one year li (12,605,372) (5,438.l29) (12,279,261) (5,158,681) current liabilities 4.539,162 (1.984.910) 4,540.518 (1.979,940) Totsl assets less current liAbllities 26.316,492 20,310.09I 26,292,225 20,285,254 CREDITORS: Amounts fAlling due afttr more than one year 12 (9,566,644> (4,036,721) (9,566,644) (4,036,721) NET ASSETS 16.749,848 16,273.370 16,725.581 16,248,533 FUNDS u[￿eStrIcted General . Designated Non-charitable trading activities Restricted 13 13 18 14 16.676,047 19,681 24,269 29,851 l6.194,219 19.68l 24.839 34.631 16.676,047 19,681 16.194.219 19,681 29.851 34,631 16.749,848 16,273.370 16,725,581 16.248,533 The parent charity incotne for the year was £33,406,587 (2023: £30.555,584) wlth a surplu5 of £477.048 (2023: £485.189). The finom¢ial statements were approved and authorised for issue by the Board of Governors on 5 D¢¢¢mb¢r 2024 were signed below on its behalf by.. D. Wilson Chairman The notrs on pages 22 to 37 forn] part of these fmancial Stat￿nentS. 19 FOREST SCHOOL, LONDON CONSOLIDATED STA TEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2023 Not Net cash provided by operations 600,677 2,844,836 Cash flows from investing Activities: Interest receivable Interest payable Purchase of fixed assets Proceeds from the sale of t-]xed asseis 316,625 (199,612) (?14.716) 103,433 (203,276) (1.693,001) 4,312 Net txsh {used in) investing activities (597.703) (1.788,532) Cash flows from fjllxncing activities: Bank loan rcpavmcnl Ncw comp051tc fccs rcccived Rclcasc of compositc fcc5 Amounts accrucd to composition fee contracts Finance lease Tepayments (496,154) 14,823.047 (560.767) 54,430 (186.334) (496.154) 357.038 (246,604) 47.783 (197,367) Net cAsh used ID fmancing Activities (13,634,222) (535.304) ChAnge in cash ￿nd cash equivalents in th¢ reporting period 13,637,196 521,000 Nct cash and cash cquivalcnts ￿ bCgIr￿]n# of period 2,657.277 2,136,277 Nct cash and cash cquival¢nt$ at end of period 16,294,473 2.657,277 RECONCILIATION OF NET MOVEMENT IN FU]¥DS TO TrIET CASH PROVIDED BY OPEIL4TIOIYS 2024 2023 Net movement ID fund5 DcprcciatioTr Dividcnd and Intcre5t receivable Intcrcsl payablc Dccreas&(incr¢as¢) ill sto¢ks Decrease/(increase) in debtor5 Increase in creditors Loss on di5posa] of fixed assets 47&478 1.232,387 {316,625) 199.612 4,221 (58,340) (937,056) 485,630 .156,209 (103,433) 203,276 {6,388) {315.041) 1.420.803 3,780 Net cash provided by Dperation5 600,677 2,844.836 20 FOREST SCHOOL, LONDON CONSOLIDA TKD STATEMENT OF CASH FLOWS FOR THE YEAR E]WED 31 AUGUST 2024 ANALYSIS OF CHANGES IN CASH AND CASH EQUIVALENTS AND NET DEBT At I September 2023 At 31 August Other Changes C*shflows 2024 Cash and c&qh equivalents 2,657.277 13.637,196 16,294,473 Total cash and cash equivalents 2.657,277 13.637.196 16.294,473 Bank loans due <1 year Bank loans due >1 year Finance leL8e obligations Composife f¢¢s due <1 }'eor Composite fees du¢ >1 year (496.154) (2,811,538) (4fv1.421) 186,334 (295.863) (8,222.619) (406.823) (6,094.091) 496.154 (496.154) 496.154 (496.154) (2.315.384) (278.087) (8,518,482) (6,500.914) Total (1,817,522) 2,974 (1,714,548) 21 FOREST SCHOOU LONDON ACCOUNTINC POLICIES FOR THE YEAR ENDED 31 AUGUST 2024 Accounting Policies Basis Df Preparation The finantial siatements have been prepared in accordance with ihe Financial Reporting Standard appli¢able An the UK and Republic of Ireland (FRS102), the Statement of Recomniended Pracli¢e applicable to charities preparing their accounts in accordance wiLh the Financial Reporting Standard applicablc in thc UK and Republic of Ircland (FRS 102) (2nd Edition). The accounting policies set oui below have been applied in prcparing the finaE]cial statements. The fllLall¢iaJ statetnents are drawn up under the historical cost convention. The School is a Public Benefit Entty registered as a charity and company in England and Walc5. it wa5 rcgistcrcd OD 6 February 1947 (charity number 312677 and company registration numbcr 00429150). Basis of tonsDlid#tion These financial statements consolidatc thc rcsults of the School and its wholly-ovmcd subsidiary Sylvcstrian Entrrprlses Limiled on a line by linc basis. In accordancc with Soction 408 of th¢ Compani¢5 Act 2006, no scparatc Stalement of Financial Activitics is presented for Forest School Limitcd. Th¢ Pa￿nI charity iucomc for Ihc ycar was £33,406,587 (2023: £30,555.584) with a surplus of £477,048 (2023-. £485,189). The Charity h&s taken advantage of the exemption available to a qualifying cntity in FRS 102 from the T¢quiretn¢nt to present a charity onty Cash Flow Ststement within thc consolidat¢d financial statcmcnts. Going concern Having ieviewed tbe funding facilitics availabl¢ lo thc Sch(Trol iog¢th¢r with the ¢xp¢¢led ongoing d¢m#nd for pla¢¢s and the School's fjjture projected cash flows, lh¢ Governors hav¢ a r¢a50nabl¢ eKp¢¢tation that th¢ S¢hool has adequate resources to continuc its activitics for th¢ for¢s¢¢abl¢ futur¢ and ¢onsid¢r that there were no materia] uncertainties over the School's financial viability. Accordingly, th¢ Governors ¢onlinu¢ to adopt the going ¢on¢¢rn b&sis in preparing the fmancial stalcmcThts. Crititjl accounting judgements and key sources of estim*tion uncertainty In the application of thc accounting policies, the Governors ar¢ r¢quir¢d to make judgemenL estimat¢s, and assumptions about thc canying Yaluc of a55cts and liabilitics that aT¢ not T1 year Finance lease obligations Composite fees due <1 year Composite fees due >1 year (496,154) (3.307.692) (661.787) (260,863) (284,020) 496.154 (496,154) 496.154 (496,154) (2.811.538) (464.421) (295.863) (406.823) 197.366 (35,000) (122,803) Toiai (2.874,239) 1,056,717 (1,817,522) 37 FOREST SCHOOL, LONDON NOTICE OF ANNUAL CENEIUL MEETING Notice is hereby given that the seventy-eighih Annual Gencral Mc¢ting of Forcst School. London. will take place on Thursday 5 December 2024 at 10-30 for th¢ following purpos¢s: Apologies for absen¢e 2. To approve the Minut¢s of ih¢ Annual Gen¢ra] M¢¢lirtg held on W¢dncsday 6 Dcccmber 2023 3. To consider any matters arising from th¢ minutes 4. To ratify tlie appointmenl mk￿# by writt¢n r¢solution at th¢ Governing Council on 20 March 2024, of Neena Lall. Also to ratify the appointmenL approved by the Governing Council at its mccling OTh 26 Septrmber 2024, of Richard Mann 5. To approve the Annual Report and financial Siat¢m¢nts for the twelve month5 cndcd 31￿ August 2024 and the Balallce Sheet at that date and the Reports of the Governors and th¢ Auditors 6. To appoint the Auditors foT the ensuing year 7. To consider any other business By ord¢r of Council D Coombs Se¢r¢tary A member enlided io allend and vote at ihe obove-mentioned metling rnay appoint a prory lo altend and vole instead ofhim orhey. Aproxy must be a member of the A$srtialiort. 38 FOREST SCHOOL LOh'DON MINUTES OF THE 771b ANNUAL GENERAL MEETING OF THE GOVERNING COUF4CIL HELD ON THURSDAY 6 DECEMBER 2023 Pre$ent: David Wilson (Chair) Geraldine Atlee Jane D&vies William Fuller will1￿M Kennedy Penny Oates Simon Perry Paul Sampat l. Apologies.. r￿e1Ved fro￿ Elwin C￿kett, Saniya Hadi, Glynts J¢nkinson, Steven Benyman Minute5: the minut¢s of the 76th Annual G¢neral M¢cting wcrc tak¢n as rcad and approY¢d unanimo￿lY. 3. Matters arising: there were none. 4. To ratify the ippointment, approved 4t the Governing CouN¢ll on 29 JUD¢ 2023, tsfYtmi$i Gibbons At the proposal of the Chair, the appoinlmenl was ratified without objection. S. To ¢ot)sider the r¢-ele¢tion of William Fuller, Geraldine Atle¢ and Simon Perry At th¢ proposal of the Chair, Ihe re-¢l¢ctions w¢re agr¢¢d unanimously 6. Report & Accounts for 12 month5 ended 31" August 2023 At thc proposal of thc Chair, it was unanimously agrccd ihat thc Rcport and Accounts for thc 12-month period ended 3 1st August 2023 be adopted. 7. Appointment of Auditors At the proposal of the Chair. il was resolved unanimously that haysmacintyre be appoinled a5 Auditors for the year ending 3 1st August 2024. 8. Any other business Th¢r¢ was none. TheT¢ being no fvrth¢r busin¢ss th¢ m¢¢ting ¢los¢d. 39