2023-08-31-accounts

The Francis Holland Ichurch of England) Schools Trust (Company Nurnber 2579811 (Registered Charity Number 3127451 Annual Report.and Financial Statements Year ended 31 August 2023 lll "ACXIVLti4* 1710212024 COMPANIES HOUSE A15

The Francis Holland (Church of England) Schools Trust Annual Report Year ended 31 August 2023 Contents Registered office and advisors Members and Officets of the CoLtncil Council Report lineofporating the str￿e9￿ Report) 3-15 PrinGipal ActNifies and Charitable Ob)'ects Structure. Govemance and Management Stakeholder Engagement Achievements and Perfom)ance in Ihe Year Public Benefit tivities In the Year Pnncipal Risks and Urtcertaint Financial Review Fundraising Approach and Perfomiance Future Plans iv. vi. 10 14 14 15 15 ix. ststement of Trustees, Responsibilrties 16 Independent Audrtoi's Report 17-19 stalement.of Financial Activities 20 Balance Sheet 21 Cashflow Slalement 22-23 Notes to the FinancBI Statements 24-37

The Francis Holland (Church of England) Schools Trust Registered office and advisors . Registered Office: Francis Holland Ichureh of England) Sch¢)ols Trust 35 Bouine Slreel London SW1W 8JA . Bankers: National Westminster Barkk PLC 69 Victoria Street London SW1E SNA Lloyds Bank 25 Gresham Street London EC2V 7HN Solicltors: Veale Vvasborough Vvzards Orchard Court Orchard Lane Bristol. BS1 5WS Auditor: Haysmacinlyre LLP 10 Queen Street Place London. EC4R 1AG Insurers.. Zurich Insurance PLC The Zurich Cenlie 3000 Parkway ' ileley Fareham Hampshire P015 7JZ Investment advisors- Ralhbones Investment Management 8 Finsbury Circus London. EC2M 7AZ

The Francis Holland (Church of England) Schools Trust Council Report (incorporating the Strategic Reporti For the year ended 31 August 2023 MEMBERS OF THE COUNCIL The following are the Current semng members of t1￿ Counul.. Mr P Sherringlon MrA Fincham Mrs F Angel Dr F Baawuah Mr R Backhouse Dr C Barker Mr G Bennett Mr M Culhbert Prof C Gwenlan Mrs S Nedas Mr l Ramsay Ms E Regina Mrs N de Renzo Dr M Short Dr H A Spoudeas Revd Dr A Walker Ms J Woodham-smith 1,2,3.4.5 Chairman Deputy Chaimwn The following changes to membership have cuurred since 1 September 2023.. Mrs F Angel Mr G Bennett Appointed- 14th November 2022 Retired- 14th September 2023 OFFICERS The Heads L R Elphinstone M.A. - SkMne Square Senior School S M C Dixon M.A. - Sloane Square JunK>r SchcK)I K C WoOdc￿k B A. - Regent's Park School Bursar and Chief Operating Offttr Company secrelary G T D Wilmot B.A. A.C.A. T D Wiknot BA. A.C.A 1 - Education Committee 2 - Finance and Estates Comrnittee 3 - Governance and Nominab"ons Ccmrrwttee 4 - RemuneratKJn and Human Resources Cwrnittee 5- Safvguardirg Sub-commiltee

The Francis Holland (Church of England) Schools Trust Council Report {incorporating the Strategic Rep.orti For the year ended 31 August 2023 The Twerty-fir$t Report of the Council (incorporating the Strategic Rewtl for the year ended 31 August 2023 will be presented at the Eighty Ninth Annual General Meeting lo be held at Sbarte Square on 14th March 2024. CONSllTUTION Francis Holland (Church of England) Schocls Trust Trs a tompany limited by guarantee and a registered charity. 11 PRINCIPAL ACTIVITIES AND OWEcmvES The principal activities of the charitabk company continue to be the provision of edU￿119n for girls. including religious instruction in accordance with the Principles of the Church of England. . The Charity The Trust. foundeil in 1878. is regi$lered wrth Ihe Charty CcffnmissKJn under charrty number 312745 and is a cwpany limited by guarantee as number 257981 at Companies House. The Trust is responsible for three schools operating from two si(es". a senior school at Regent's Parf( founded in 1878 and both a senior and. 8 junior school at Sloane Square founded in 1881. The Chanty owns a subsidiary trading company FHS Inlemational. company number 12161646, incorporated in the England and Wales with share capital of £1. The re915tered address is 35 Boume Street, SW1W 8JA The company was domianl in the year On that basis the accounts are not Consolidated. Governing Document The charrty is govemed by Memorandum and Arty'cles of Assctiion most recentty amended on 19 July 2019. Charltable Objects The Trust's obiects as described in the Memorandum ofAssociall￿ are lo provide for and carry on in the United Kingdom public day and boarding schools for the educatvjn of girls. to provide religious instruction and training therein in accordance wrth the principks of the Church of England, and geneially lo foster educalton and Moral and religious training therein. The members of the Counal (also called Governorsl, asthe Iru5tees of the charity. have paid due regard lo the Charity Commission guwjance on public benefit. The Governors are satisfied th the charity's aims and actNils are in ￿CordanCe wilh the regulations on public benefrt.. Aims . Wilh these objects in Mind, the Trust's aim is lo provide a broad and 5timulalin9 independent education. both. through strong academic turtion, and through developing wider 5POrting, 8rt15tic and soc￿1 skills in all its pupils. This Is intended to provide an environment where each pupil can t1evelcp and fulfill her polenlial, thus lo build solfackgrounds, sex and age and cultural dNersty. From time to ts"me. according to the art￿leS of assoekKJn. nominations are put fomard lo the Council for approval and appointment. On appointment all r*w Trustees are inducted inlo Ihe workings of the charity and its schools through the provision of a comprehensive induction, by meelings with the Heads and the Chief Opeialing Officer and through periodic governor WOTkshops and seminars. Governors are encouraged lo attend appropriate exlernal

The Francis Holland (Church of England) Schools Trust Council Report (incorporating the Strategic Report) For the year ended 31 August 2023 training events where these will fao"lilale the undertaking of ther role. Govemors visil Ihe schools on a rola basis. observing lessons, wEeling staff, participats.ng in Hearth & Safely walk-around$ and are encouraged to attend school events. Organisational Management The schrx)Is' Committee and Council level policies are reviewed Tegulaty by the Committee5 and Council for approval The day to éay running of each of the three schools Is delegated to the Heads and their Senior Leadership Teams, and the Chief Opwaling Officer, supported by Bursary staff servicing each site. During the year the Council metfour times. Committee meetings take place regularly. The Education Commiitee is chaired by Mr R￿hard Backhouse and met Ihree limes during the year. The other principal commillees are the Finance & Estates Committee chaired by Mr lan Ramsay. Ihe Remuneralion and Human Resources Committee chaired by Mr Anthony Fin¢ham. and the Govemance and Nominations Committee chaired by Ms Julia Woodham-Smf(h. The Finance and Estate$ Commrtiee met five limes during the year, the Govemance & Nominations Commrtiee met Ihree times, and Ihe RemuneratK)n and Human Resources Cc¥nmillee mel three times. The remuneration of the Officefs of the Tnjsl is set with the objectrve of providing appropriate incentives lo encourage enhanced performance and of rewarding them fairfy and responsibly for their individual contributions lo the success of the sCh￿￿S. The appropnateness and relevance of the remuneration policy Is reviewed periodicalty, includtng reference lo comparisons wrth other independent schools to ensure that the Trust remains sensitive to issues affecting pay .and employment cOndrt￿ns in both the national and. kxal markets. Th8 Govemors are not remunerated. 1111 STAKEHOLDER ENGAGEMENT Section 172 of the tompanies Act 2006 requires Di￿lor5 to take inlo conshJeralK)n the interests of stskeholder5 in their decisFon making. The Governors, as directors of the charitable company. continue lo have regard lo the interests of the Trust's employees and other stakeholders. including the impact of ils activities on the community, the environment and the Trust's reputation. when making decisions. Acting in good faith and faidy be￿een members, the Govemors cOns￿er what is most likety to promote the success of the Trust for ils members In the k)ng term. Whilst the importance of giving due consideration lo our slakeholijers is not new, we are explaining in more delail this year h¢)w the Council engages wrth our siakeholders. thus seeking to comply, wrth the requwement to include a stslement setting out hchv our Govemors have discharged this duty. The Govemors aTe aware oftheir respcfflsibilities to promote the SLKcess of the Company in accordance with section 172 of the Companies Act 20(￿. The Council regularly reviews the Trust's principal stakehoklers and how the Trust engages with them. The stakeholder voice is brought to Council both directly and through rts sub-commrttees via infomialion provided by management as well as direct engagement with stakeholders. Page 5 of the Strategic report sets out the Trusts principal stakeholders. and how we engage wrth these stskeholders. The relevance of each stakeholder group may increase or decrease depending ori the maller or issue in question, so the Council seeks to consmjer and balance the needs and prior*ties of each stakeholder group during its discusS￿n$ and as part of its decision making. The Trust aims to wort ￿sp￿S1bty wrth our suppliers. Key Stakehoklern Current Pupils Senior management represent the interests of Ihe pupils and ensu￿ they have the necessary resources lo serve their pupils via the medium-temi financial plan and annual budgets. Former Pupils- Fomer pupils remain an important part of the eommunty and are represented wa their associations (Quondam for Regent's Paik and The Old Girls ASs￿latIon 'fot Sloane Square bolh of which are represented on the governing body) and by the Aumni Network run by the Trust. Their contributions lo the SchcM)Is continue. in part￿vIar through public serV￿e as well as the regular school events they organise and support. Parents Parents have on-going wrre$pondence with and access to sen￿r management. Paient AsS￿latIonS are aclive and engaged members of the sch￿1 communities and represent the parent

The Francis Holland (Church of England) Schools Trust Council Report (incorporating the Strategic Report) Forthe year ended 31 August 2023 vorce. The contact details of the Goveming Council are provided on the websf(e should parents wish lo comMUn￿le directly with governors. Staff - Staff Interests are represented by sen￿r management at Council level. Staff members are invited to present lo Council and its committees al rneelings. Informal meetings lake pLace in wjvance of annual Council meetings. These provide an atternalive fonjm for communication between staff and Governor5. Local communrties - The Schools work dosety wiéh a number of kscal schools and charities. Greater detail on these relationships is provided under the'Public Benefft, section of this report. Church of England - The Church of England is represented on the governing body. Church services are part of the strLKlure of Ihe school week. Suppliers - The Trust works with suppliers who can help bt deliver a ￿Ve1 of service to ils stakeholders wh￿h is consistent with the staThJards set by senKJr management-. Key decisions in the year The Council's key decisions in the year re￿ted lo the appointment of a new Head al Skjane Square School and the creation of a Safeguarding Sub-committee to monrtor and evaluate the provisions al each sch¢)ol. Further detail is provKled under the 'Review of Actiwlies in the Year, sectton in the strateg￿ Report below. Relocation of the Junior School to allow for two fomi entry has been a longstanding Strateg￿ objectNe. After the year end, the Trusl enlered an agreement lo acquire Ihe trade of The Hampshire School and agree a new lease ol the propety with the landlord. RBKC. For fvrther inftymation please see note 26. The Council sought lo ensure they reviewed and conS￿ered potential headwinds in the polrtical and financial environments affectin9 the independent school sector during the forthcoming academK year,and considere<l and debated educating girls for the future - developing a curriculum for Generalion Alpha and beyond, al their Away Day in April. Other key financ￿1 deusions in the year included the decisw to irKrea$e schcol fees for the 2023124 academic year. and lo increase salaries in Seplember 2023. As expkined above. the Council sought to ensure that the inte￿$1S oflhe key stskeholder groups were given due consideration and that these groups. in particular parents aThJ staff. were treated fairly. The Teachers. PensKyn Scheme was closed to new joiners. Environmental Impact The Trust is committed to acting responsibty and sustainabty in considering Ihe impact of f($ operations on the environment. The principal focus of its activitiès in this regard bs in 4 areas. which are the subject of an annual report lo govemors. These a￿." Waste - minjmising waste sent to landfill and through increasing recycling., Energy- reducing carbon foolprint through investing in more efficient technologies and reduced energy usage., Procurement incofporatsng en￿ronMental Considerations in purchasing decisicjns and ensuring supplier compliance with re￿an1 policies and guidelines". Construct￿n- reducing the enwrOt￿entaI impact of our estale throu9h the applKalHJn of susiainabilty crrteria in contract specifications. Total energy use during the year was approxirnatety 1,610.930 kilowatt hours (2022". 1.942,6741, which is Ihe equivalent of 386.623 kg C02.12022.' 463.776kgl.. 3CQ kg C02 per pupil12022.' 372kgl or 0.29 tonnes C02 per pupir12022."0.371.. T¢)tal energy used was eourvalenl to 105.573kg of Ca￿-On {2022'. 126.641kgl or 0.08 tonnes per pupil12022 0.121. STRATEGIC REPORT IVI ACHIEVEMENTS AND PERFORMANCE IN THE YEAR Strategie objectives for the Year The Trust's primary continuing focus 15 on the delivery of the best possibbe education and learning environment to equip girls lo lead happy and produclNe INes. The Trust's schools seek lo deliver a broad-based education, enabling f(s pupils nol only to.achieve excellent academic resums bul also to develop the Tesilience. crealivty and enterprise necessary to equip them for adulthood. The Trust also aims lo encourage in i(s pupils a stron9 sense of social responsibility. In this context. a key fctus of the Trust is to widen access lo ils education lo those without the financial resources lo afford rt and lo ensure that it acts responsibly with regard lo the environmental impact of its acliwiies.

The Francis Holland (Church of England) Schools Trust Council Report lincorporating.the Strategic Report) For the year ended 31 August 2023 Strategigs to Achieve the Yearfs Objxtivgs The strategw employed lo meet those objectives included.. provide a balanced. challenging and stimuL3ting curriculum and eo4urricular ￿tiV￿leS encouraging innovation. critical thinking and emotDnal Intelligence and an ouhvard h)oking internalKJnal per5pective,' support the qualty of teaching and leaming and pastoral eare., n￿nitOr the educational and pastoral prowsion within the schools: share best practice and improve the qualty of ihe workiThJ environn*nl; 5UPPOrt and encourage the recruilment and retenlion of hKJh quality staff.. consolidate and improve financial perfomian¢e'. develop opportunities for and the capacty of the Trust to generate itKome' oversee compliance with statutory obligations ond prowJrtK)nate risk management.. consolidate complk4nce with the public benefit requ1￿Ment - seek optimum opportun(ty for outreach wrth local slate schools and enhance the ability lo increase means-lesled remissions through fundraising., optimEe the use of ICT and digital technobgy. incorporate environment and suslasnability issues withbn t1ec1s￿n-maklng. poli￿ and practices" Mlentify and explore opp)rtunrties lo ￿neW and develop Space and facilrtie5", reaffim) the affordable development of the built environment in whth the Trust operates. V} PUBLIC BENEFIT ' Flnanclal Support The Trust is t¢)mm￿ed to ensuring that the education provmled is not restricted lo those who can allord the school fees. The Trust has the abilty to offer a number of bursaries. The beneficiari&s of these awards ean receive a reduction of up to 100% offees charged. in addrtion to financial assistance wilh other associated Costs of schooling such as school trips and examination fees. The appropriateness and adeqv3cy of these awards is reviewed annually as is the overall affordability and the impact these awards have on the financial standing of the Trust. In addition to these awards. exh school makes efforts lo improve the take-up of annual scholatship awards that are based on all-round ￿￿dem￿ potential or potential in spe¢ffic fields Including MUS￿ arKI art. Other assistsnce is afforde(! lo the daughters of C￿rgY and members of staff. This year. the value of scholarships, bU￿arleS, grants, prizes and other awards made lo the sehools, pupils OLrt of unrestricted funds was £1,469,00012022". £1,414.0001, the equwalent of 4.9°k 12022. 5.2Qkl of fee income as sel out in note 5 to the accounts. Thi5 provided as51slance to 20012022. 173) of the Trust's pupils of which 3712022.. 361 pupils benefited Irorn a full remission offees. The Trust wishes to increase the number of awards it is able lo offer bul acknowledges that rt is unlikety lo be able to provide for the cost of such increase purely from the fees paid by fee payin9 parents. Donations are ￿cOrdIngfy required in order lo ensure the long-lerm financial wability ol the Trust's ccrfr¥nrtment to increase bursaries. Llse of resources. facilities and staff of the Trust by pupils of. non-Twsl schools alongside pupils of T￿￿1 schools In addition to providing financial support lo pupils who mKJhl otherwise be unable lo affoid lees, the Trust also provides access lo the resovrces and facililies of Ihe schools lo pupi15 from other schools from the maintained seclor. The Trust's schools have fvrlher devebped paflnerships with local Schools over the last year. A numbe( of staff across both FHS senior scho(As offer Oxbridge advi￿ to cand+dates from other bcal schools, sharing Iheii expertise and w￿l0M lo non-TnJsl pupi15 Our success wilh remote delivery and slreaming talks Continu￿ lo provide the opportunity to shafe content fiom Sixth Form taks wilh pupils from other local schools, who benelilled from our Impressive range of speakers. We were also able to invite our partner schools lo more in person academi¢ enrthment events posl-CovKI. FHS Sloane Square's partner schcrf)Is c￿tInUe￿i0 be inwted to Sixth Foiin Enrichment and Futures initiatives. In 2022-23. 10 students from Pimlico Academy and Chelsea Academy were invrted lo join a Zoom 'preparation for medical inlemews. workshop wrth medics from Imperial College and Lawyer Portal LNAT prèp

The Francis Holland (Church of England) Schools Trust Council Report (incorporating the Strategic Report For the year ended 31 August 2023 wrth FHS Sloane Square Sixth Fomi. Senior teachers frimn FHS Sloane Square also provided mock interviews for students from Pimlico Academy for Oxbridge. FHS Regent's Park's three partner secondary S￿￿1$ (St Maryle1￿ne Sch<￿1. All Saints Catholic College and King Solomon's Academy) joined the inaugural "Hale Lecture Series., h051ed al FHS. when il was launched in September 2022. Named after Baroness Lady Hale, the first female President of the UK Supreme Court, the Hale Lecture Series is a studenl-led, Inleractive inlerview programme featunng high-profile speaker5. In 2022-23. Sixth Form leaders at FHS worked together to develop a Var￿ line-up including eminent speakers from a variety of fields in¢luding law. pol￿'¢al aciiwsm. STEM. feminist wrrting, academia and medicine m4nagement." Baroness Lad Hale, Gina Ma￿'n. Df Anne-marie Imafidon, Dr Hannah Dawson and Amanda Pntchard. In collaboration wtth partner schools. pupils lead the conversatsons and Q&A wrth guest speakers, ts￿aking away from the traditional format of an extended lecture. Year 9 FHS pupils have also collaborated wrth Sl Marylebone School and the Royal Institute of British Architects on an excrting architecture project. In Autumn 2022, FHS wekomed 100 students from state schools across London and Bristol lo attend their GCSE German Speaking Oay. In'2023, the evenl will run again as both a GCSE and A Level Outreach Day wrth approximatety 150 students attending. thirds of whom w￿1 be from state sch¢)ols. The outreach work from FHS Regent's Park's Classics Department lo St Marylebone School continued throughout 2022123. The prcrf3ramme offered after school Latin se55ioris lo around 60 Sl Marylebone pupils in Years 8. 9, 10 and 11 and 5 girls from St Marylebone look GCSE Latin last Summer, mainly achieving 85 and 7$. Sl Marylebone pupils. and other slate school pupils from all over London and the SoUth￿8St including Maria Fidelis Catholic School, also benef￿ed frcffi attending the annual FHS Classics Symposium in January 2023, featuring lectvres from key academics. In addition. one teacher in the FHS Classics Department Is one of the co-founders, along wrth academ￿ Petèr Jones. of Classics For All. a charity which helps state schools to leach Classical subjects. FHS also offers GCSE PhYS￿S teaching to St Marylebone students. FHS Regent's Park hosted a one-day conference called 'Tea¢hers like me,. in Novethber 2021. looking lo support school leade￿ in developing a rr￿Te racialty divet5e workforce as well a5 providing a foTum to showcase ' best practice and support career devebpment foi teacher5 of all elhnicilie5. Thi5 conference was attended by 120 headteacheis across the independent and stale-rnainlained sector and was a collaboralKJn between FHS Regent's Park and rts three partner secondary schools. In Summer 2023. FHS Regent's Park hosted an anti-racism guidance event specfficalty for primary and prep schools, in collaboralKJn with the Afro Caribbean Education Network. Highgate School and Wimbledon High Junior School. wekoming primary and prep school Heads. senb)r teachers and Hiduslry leaders from all over the UK. including FHS Sloane Square Junior School. 3. Access to the resources and facilities of the Trust amongst the wlder communlty Several members of staff are govemors at slate or independent schc<Jls. eharily trustees and community volunleefs. At FHS Sloane Square. the gymnasium. netball court. Carmel Hall and the Centre for Creative Enterprise were let oulside of school hours to the local Community for sports clubs. meetings, training and charitable purposes. lo organisalions includin9 In-Deep. Gaskell Society and London Garden Trust. Ouring Summer 2022, the Senior Hall and Playground were the setting of the first 'ln-Deep Greatest Showman Summer Workshop. a drama. dance. art and musi¢ Iherapy workshop lor almost 40 young people with special learnin9 needs. The £5.(MJO programme was fully funded by student donations FHS Sloane Square also hosts an annual Tea Party al FHS for elderty people supported by In-Deep, * which FHS students serve refreshmenl$. FHS Sloane Square continues to hosl the annual Beanstalk Bookfest on sile1600 primary school pupils, often frcn disadvantaged backgrounds. visit the schwl to listen to author talks) every O¢lober Half Temi, and has done since 2016. FHS Sixth Fomiers ¥olunteeral the Bookfest, and our Director of Creative Enterprise attended the charty's anniversary. Facilitie5 such as the swimming pool * FHS Regent's Pa￿ were used weekty by Swimmerfs Corner. who offer lessons to adults and children in the Ic¢al communty. and Swimunity, who offer free swimming lessons to women and children in North K.ensington. St..Edward's Catholic Prirnary School will be using the pool for swimming lessons later in 2023..The GIOu￿ster Rcom was let for meetings of lo￿1 Residents. As$ociation$, for example, and Chinrnaya Mbssion hired classrcrtyns for weekty prayer groups.

The Francis Holland (Church of Englandl Schools Trust Council Report (incorporating the Strategic Report) For the year ended 31 August 2023 Th"e benefit of offering the Trust facilrties in central London to certain Charities should not be underestimated. The Listening Place. named 'Charity of the Year with an Incor￿ below £1 million, at the Charity Times Awards in September 2021. highlrghled the value uur facilities provide to the wider community in the following statement". 'We will endeavour lo l)uild on Ihtis achvement lo fvrther our cause and ullimatety S8ve yel MO￿ Ir￿e$ at risk olsuicide. Of coutse. n¢￿e of Ihis would be possible wrthout the support ofpeople such as yourselves. You allow us to petsevere in our ambrfAOUS aim lo change the face of suicide-support In London. and we IKJpe that will be pleased to know that you a￿ supporting an awartl-WAnning charrty. This 8wanl is ywrs foryourtmsl in us. whih allows us to support more people who are Sul￿d￿l every year," il is our volunteers for I1￿1rCoMMitMenl and the compassionate caR they provth,. and rt is our visitots for the courage they show in seeking o(rt support dunng the most desperate times of theirlwes., The Trust hosted an increased number of communrty events on the schools, premises in 2022-23, following the removal ol pandem1c reslrictKJns. 4. Community engagement and volunleering by pupils and staff of the Twst $¢hools amongst the wider community Pupils In the Lower Sthth at FHS Sbane Square volunteer fof an hour {or often morel perweek at the Katherin Low Settlement la local ¢ommunty ¢enlre. 'KLS'I. In-Deep la lo￿1 befriending charrtyl. St Barnabas la local primary school). St Matthew's {another thal primary ￿h0o1). Eden Court Retirement Village. and Hammersmith and Fulham Foodbank. Staff. parents and younger students also take an acttve role and the school is always I¢￿king lo expand opp(ytunilies lo link with chafities foi the purposes ol volunteeiing. Longstanding links between FHS Sloane squa￿ and KLS remaine(I very stsong. with Year 7 8nd 8 pupils and parent and staff volunleers buying and wrapping Christmas presents and carol singing lor elderly resKlenls in December 2022. before buying and wrapping easter eggs. as well as making handmade cards. and personally giving ihem to elderly residen15 al their Elders. Lunch in March 2023. This has had a profound posilNe impact on the ￿sIdents", particularly in the aftemalh of Covid and for residents suffering with diseases such as dementia. This support will continue in 2023124. Yeai 2 pa￿nIs. pupils and stsff frLYn FHS JunK)r SclKioI also maintain the garden at KLS, after completely novating rt in 2021. The FHS Sk)ane Square Exams Officer offers exama5ed support lo refugee families linked lo KLS. This often Involves an online Zocffj call with translators helpfully supporting in Urdu. The FHS IT Department have Tun IT worksh¢Jps at KLS. including a repair café. St Bamabas pupils have continued to join After Schwl S¢En¢e Clubs. used the library and pkyground facilities and had their Trips programme fulty fvnded by FHS SIDane Square donations. In 2022-23, two FHS Sixth Forrners held a lunchtime Basketball Club at Sl Barnabas where they held their own 'NBA League.. which was very popular among students. Lccal Charity In-Deep is supported thrwgh ccAlect¥)ns and joint 'prciects'. large boxes of foodstuffs were donated as part of Harvest FestNal to be lurned into Christmas Hampers and distributed to vulnerable elderly people in Weslminsler and Lambelh. Th￿e Sixth Fomi pupils supported In-Deep Music Therapy last year, and our Director of MUS￿ conducts the over SOS, choir. FHS Skjane Square students. staff and parents have been gmng monthly donations lo Hammersmith and"Fulham Foodbank since Novernber 2022, which We￿ ￿nsecUtive1Y the largest ever single donations r￿￿ed by the Foodbank in November and December 2023. FHS donations now amount lo 116 of 311 loial donat￿￿$ and amounted lo 3.5 lonnes overall in the 2022-23 academic year Student and parent volunteer5 have also vdunleered al the foodbank sortin9 warehouse, and FHS Sloane Squafe will be the first school to fulty sort donations onsrte al school in October 2023. Sixth Fomi volunleers also made strong links with Eden Court Retirement Village in Battersea in 2022-23, where Sthth Fomiers visited to fead poems and plays to elderly resklents, and St Matthew. Primary School. where Sixth Fomvs helk)ed with the Monday Homework Club and helped run the

The Francis Holland (Church of England) Schools Trust Council Report (incorporating the Strategic Reportl Forthe year ended 31 August 2023 The School continued rts k)ngstsnding partnership with Mvumi School in Tanzank4' where the FHS raised £43.000 lo buihl a new ablutions block in 2021. FHS continues tosponsor four visually impaired pupils at the school.. th15 covers the cost of their boardirig and luilion fees. In 2022-23. a Year 8 FHS student raised £3.C(10 for a braille reajer, new resources for the library and other essential pieces of equipment. Other volunleenng takes place throughout the school, often vk? local pl&es of Wofship or in support of the Duke of Edinburyh Award scherne. FHS Sloane squa￿ began an 'Outrea¢h Superstsr of the Week, programme in Summer 2023, which celebrates indwiduals or group.5, achievements each week and encourages fvrther fundraising and volunteering. The Schc(Jl also SUPPOrts irKlTriJual teachers. charrtable Mith"atives, ft)r example a teacher held a Charity Disney Film Night in September 2023 for Reachout Now, a children's charty wh￿h works with local commvnilies to improve educat&Jn. healthcare and qualty of lrfe. The Schcol also held a 'Going the Extra Mile for Ukraine. initkgtive where 12 marathons were run in the playground. raising £3.500 for those suffering in the conflicl in Ukraine, and a 'Pea-throwing Worfd Championships, for Christian Aid Week lo better support sustainable and drought resistant famiing in rural Malawi. Sifflilady, at. FHS Regent's Park volunteering in the local community is a core component of Sixth Form life. Pupils are encouraged to seek their own pLgcements in line with their inleresls, for example volunteering in homework clubs In local librar￿. helping in local schools, such a5 St Edward's Primary School and Sv¢i$s Cottage Specialist School. or wsrting the eldedy who are housebound. In terms of the latter. there is a longstanding relationship wilh StJohn's Wood Neighbourhood Care, where Lower s￿th pupils also volunteer th the Mosaic CILFb, supporting a long-eslablished Art Department InrtialNe. The FHS Summer Camp has Iradrtionally been another well-supported pupil and stsff cdlaboration offering holmlays lo looked after children in Weslminsler, during the school's summer holKlay. which we are hoping to resume. In July 2023, a group of Sixth Fom students embarked on a Iwo week World Challenge Trip to Nepal, where they took part in a vaiiety of community engagement activilies including building earthquake resistant and eco- friendly housing. In 2022-2023. our studenl-led fundrais￿9 organisation Itlie Help Fund) raised a lolal of £36,551 for a range of charities, including our longstanding partners Swiss Cottage Specialist School and the Rainbow Cenlre, Sri Lanka. We donated £19.000 lo SecondaryFirst. the secondary breast can￿r research charty, raiseil through our annual Sponsored Walk in October 2022. Nearly £22.000 has been raised in the 2023 Sponsored Walk for Great Ormond Street H05pitsI. Cake sales. mufti days. song and dan￿ contests, second hand clothes sa￿5 and House charity day5 were the other primary sources of fvn¢Jraising FHS Sloane Square and FHS Regent's pa￿ also continued to make use of many kcal resources and faeililies in the local area in mutualty benefrcial partnerships. For FHS Sloane Square, these include Cadogan Hall, where the annual School PrIze￿iVing takes place. Holy Trinity and St Columba's Churches, where multiple annual concerts take place. and St Mary's. Bourne Street. where assemblies, concerts and academic enrichment Initk4twes take place on a weekly basis. Similarty. FHS Regent's Park has continued lo hold concerts and the annual School Pfize-GNing al St Marylebone Parlsh Church, and concerts. workshops. Conferen￿S and enrichment initiives al St Cyprran's. Clarence Gate. 5. Charitable fundraisin9 work of pupi15 and staff of the Trust schools In keepin9 Wlth the Christian foundatK)n and ethos of Ihe Trust's schwL8. seNice to the wider community is central lo the Trust aims and there is a comp￿hen$1Ve programme of support and help to many local charities and organisalions al each schcol. As wrth a number of other areas of school life, the pandemic offered further opportunities for each school to reach out to its partners both virtualty and in practical Vi5Tting and fundiaising. FHS Sloane Square raises money for th￿e charibes wlh whKh it has k)ng$tanding relalionships.. In-Deep, KLS and Mvumi Secondary School in Tanzania. In the last year alone. events organised by the School saw a coriibined total of over £15.000 raised for these organsisation" Fof Mvumi. several fundraising campaign5 have taken place Four boardin9 pupiL8 are sponsored at Mvumi Secondary School1£800 per year for each pupill, one of which is funded by the Senior School Parents. Assoxiation. The focus on ¢Jevdoping girls, wellbeing and eduCat￿n continued with over £6.000 raised for Mvumi. Closer lo home, Sl Bamabas. Church of England

The Francis Holland (Church of England) Schools Trust Council Report (incorporating the Strategic Report) For the year ended 31 August 2023 Primary School was Supported through the raising of over £4,C#JO. for Iheir trips programme. Parents are invited to pay a volvnlary tonlribution when paying for"their own daughter's Expeditions Week. This voluntary ontribLttion of £20 enables disadvantaged pupils * St Bamabas. lo attend day trips and ￿sident￿lS and benefil from experEnces wh￿h otherwise they might be unable to afford. In addf(ion to more Iradi(ional fundraising wproaches. the CreatNe Enterprise programme at FHS Sloane Square, whefe gids are encouraged lo develop a small business, fosters a social enterprise model where pupils keep up to 90% of their profrt whilst donating 100A or more to charty. FHS Junior School pupils have 5UPPOrted a range of fundraising initiives wrth a particular fccus on refugees {from their journey through to re.-habitatKJnl wrth charrtable partners in Safe Passage. KLS and Bees and Refugees, as well as maintaining their long-standing support for In-Deep. Initiatives such as 'Bring a Parent lo Breakfast,, Enlerprise Fails, Bake Sales and Quo Nights ￿nthbuted to raising over £10,500. FHS Regent's Park raises money for over twenty drfferertt charils. however in collaboration with the Parent's Association fvlo key charities a￿ supported namety Swiss Cottage Specialist Sthtsjl and The Rainbow Centre, Sri Lanka. The pupil-w FHS Regenfs Palk Help Fund and the Parents. AS5ctiat￿n have had recordreaking years for fundraising and volunteering opportunrties. As ever, students decorated boxes and filled them with donations for North London Action for Homeless at the Harvest FestNal We also donated hundreds of toys and gifts to the Sa￿atIon Army for Christmas 2022. The Sponsored Walk 2022 raised a record £19.000 for SecondaryFirst. a charity that the school pupils voted to support in an assembty As well as charity mufti days. dance events 'and cake sales. house chanty days were introduced this year. Each house organised a fair with various games, raising over £1,000 in total and building house spirit. The Sixih Fom Gec3raphy students organised the sale of charity house l-shirts for sports day. whrh raised over £600 for Child refugees in Calats The students have been increasingly keen to respond to regional disasters by organising mufti days and cake sales. for example for the flooding in Pakistan and the earthquake in Turkey an¢J Syria In tolal. the students raised £36,551 in 2022. and Ihe oulslanding Parent's Association Chnslmas Fair r8ised an additional £10,000, which was split betsveen the Raintjow Cenlre an(J Swiss Cottage Speualist School. The long-eslablished Young Enterprise programme ensures that a percentage of the profits from the pupils. stsrt-up businesses go lo charity lo reinforce an ethos of giwng-back Other charitable fundraising took place through actNrties that continued throughout the year such as a pholojraphy Course which raises funds for the HVH Arts Foundation to help finan￿ the teaching of photography to Ictal Schools. Pupils at all three schcKJls supporte(l initiative5 to improve the environment and reduce energy usage. By setting a got￿1 example, we aim lo help lo influence the expectations and behavh)ur of our pupils as future crtizens and leaders pr(widing publ￿ benefit. VII ACTIVITIES IN THE YEAR FHS Re ent's Park Senior School An aveiage of $52 girls attended the school in the year (2022." 5331 and benefited from the range of academic and wurricular opwrtunrtie5 delbvered in a friendly and supportive atmosphere. Academic Performance A Level: At A level 82°/th12019'. 75%) of subjects were graded A. to B. 26% of subjects were graded A. at A level12019.' 21 %). The pass rate was 9Wh12019". 99°Al. The graaes al the lop end are s￿nifICant improvements since 2019. Ihe benchmark foc grading this year. There is addrtional academ￿ provision through the Extended Projecl Qualilication wh￿h equates lo /2 A Level. ThL8 has once again been successful, wrth 760A12019." 100%1 A. and A grades in 2023 and 100% awarded Alo B. Thts yw 25 pupils complete the EPQ, our h￿hest number lo dale. GCSE- The proportion of grade5 al 7. 8 or 9 was 89%12022." 94OAI. 100% of paper5 were awarded grades al 4 10 912022." 99.101. 29¥0 of all exams achieved the tcy grade of 912022.. 36°Al and 75°A were graded 8 or 9181 / in 20221. These marks reflect the hard work of this. cohort in difficutt circumslances. displaying lenacily and perseverance from the stsrt of their GCSE joumeys. 10-

The Francis Holland (Church of England) Schools Trust Council Report (incorporating the Strategic Reporti Forthe year ended 31 August 2023 Leavers, destinat￿)n5 this year have included." Bath, Bristol, Cambridge, Durham, Edinburgh. Exeler, King's College London. Royal Veterinary College, St Andrews and Trinity College. Dublin, alongsxle other top Russell Group and Euiopean universrties. In addition, two students were offered places at American univefsi(ies. including the Universty of Notre Dame in Indiana Co£urriculurn and Pastoral Students are encouraged to extend their inte1￿ctUal curiosty and crealiwty, both in the classroom and through the livety co-¢urrKular schedule ofover ninety weekly clubs covering everything from drama. arts, sport. scEnce and music. Conventional clubs such as debating. art Club, book clubs. equestrian club, and scnce clubs ar8 complemented by more ecleth"c COTrcuiricular acts"vilies such as our lime. coding club, corn￿ book club, diversity society, green fingers, mythical monsters and GIo￿trotterS. Other c¢Rurricul8r a¢livrts inelude the Duke ol Edinburgh scheme and Young Enterprise for Sixth Form and all Sixth Fom pupils volunleei in thei loe81 communty..working primarity wrth the eldedy or Iccal schools. Many ofthe dub5 are led by students in the Fifth and Sixth Fomi alltming them to devebp their leadership sktlls while expbring their inte￿s¢S. Drama Thefe are school plays every term and Theatre Studies productions al both A. Level and GCSE make an important conlribLrtion lo school drama every April l May. The Inler-House DTama Compelilitsn look place in February 2023 and was a resounding success. enjoyed by pupils and teachers alike, this annual cornpelition involves the lower school form groups performing and producing a 20- 10 30-minuie play of their choice Isomets'mes written by pupils Ihemselvesl. Almost oflhe school tske speech and drama lessons in addition to Co-cuiricular drama clubs and the drama kssons taught wlhin the curriculum. There was a Junior production of A m￿summerNight,$ D￿aM in the Summer Temi. The Senior play. which took place before Christmas was Grease, a joint collaboration between Drama and Music. Music. The Music Department continues to caler for pupils across Ihe age range and approximately 60Yo of the pupils have additional instrumenlavsinging lessons in the schtsjl. beyond Curr￿ulUM lessons. Music scholarships are offered at 11+ and 16+ There were over a dozen concerts last year, includirbg three joint events with Harrow hool where the choirs from FHS Regenl's Park conlinue lo develop Iheii ecclesiastical fepertoire, alongside other music. The new"Sing and Swing. jau concert moved into rts new residence of St Cyprian's Church. We also inlrcxluced the Young Musician of FHS cL￿petition wh￿h t￿)k plxe in September as well as th& very loud and excrting House music competition held just before Easter. Sports Sport is regarded as a vital part of ihe all-round edu&*ional prOvis￿)n wh￿￿ helps the girfs to leam the values that will equip them throughout their lives. The schwl, therefore, recognises the importance of participating in both team and individual sports. Several pupils are county and nalional level players in sports such as swimming. nelball and athlet￿S arid sports scholarships are offered al 16+ During 202212023 our Director of Sport fully embraced the return of sporting events. vlrth a muttitude of sporting ¢xcasions taking place including a badminton maslerclass with Olympic med81isl Gail Emms al the annual Sports Awards evening There has been 5chool-wide celebration of the rise of Women's Football. and Francis Holland entered a team in the Play 11 Forwards charity football tournament this year and made rt all the way lo the final. We a150 enjoye(l our Second visrt to Finsbury Paik for Ihe FHS inler.-house Sports Oay. FHS Sloane S uare Senior School An average of 575 senior girls and 165 junKJr gids12022.' 551 and 169) attended the schools in the year and benefi(ed from the strewh and breallh of academic and co-curricular opportunities and impressive pastoral care. Academic Performance A Level. Al A level 89%12022'. 979hl of subjects were graded A'.B. 29% of subjects were graded A. al A level 12022:. 400AI. The pass rale was 1C#J% {2022.. 1 C#J%l. These were strong results, particulaNy impressive given that these were the first ever public exams this cohort had sat. There is addrtional academic provision through the Extgnded Project Qualificats"on wh￿h equates to'A A Level. This has once again been successfvl. with 54%

The Francis Holland (Church of England) Schools Trust Council Report (incorporating the Strategic Reporti For the year ended 31 August 2023 12022.. 77%> A. and A grades in 2023. All Sixth Formers have the opportunty to take Ihe EPQ. GCSE." Eight girls achieved all grade 9s and 34'kn12022.' 36%) all grade 9-8s and 75°/0 of grades were 9-8 IA"). ' 1000A of papers were awarded grades at 9 lo 412022.. 100%). 89% of grades were 9-7 IA'IAI. 12022.. 94%) particularly extraordinary in 11ght of the thstscles this cohort faced due lo the pandemic. FHS Sloane Square is in the top thirty independent schcx)Is nat￿nalty forvalue-added wi(h on average a grade higherthan the baseline prediclKJns bein9 &hieved al GCSE. Desb'nalions for leavets this year have inchjded Impell￿ Colege. Durham. Edinburgh, Exeter. KCL, LSE. Oxford, UCL and Sl Andrew5, alongside other lop Russell Group universities as well as Art and Drama schools. In addition. len students were offered places al lop European and US universities including Prtnoeton and McGill. UCLA, IE (Madrid) and Universrty of Chicago. Co£urriculum and Pastoral The co-curricular timetable plays an important ro￿ in challenging the girls and helping them to develop charactef, resilien￿ and adaptability. Social enterprise and creativity are particular5y lostered and pupils are encouraged to develop Ihe skills and attributes needed for a fast<han9ing technolo9ical world. and increasing numbers are being mentored to sel up their own businesses. Our pioneerin9 Creative Enterprise pr￿jramMe won national awards in 2021-22. The school also slrives lo encourage a genuine bve of learning a curiosty about the wofld and the co- urricular timetable. with over sixty clubs and so¢￿tIeS as well as many knlures. helps lo achieve this aim. Ballet is a key feature and dance scholarships a￿ offered at 11+ and 16+ Other co-curricular activities include the Duke of Edinburgh scheme. the Tycoon In SchooLs programrne and the Leadership development programme. all of wh￿h help f051er the skills necessary lo ￿ad and work in 8 team. Lower school pupils have programmes introducing them lo bu5ines5 skills and enterprise and Years 7 and 8 partake in Thinking Innovalivety Problem So￿1ng ITIPSI Week. a bespoke programme of over 20 w0￿shopS challenged lo inspire girf5 to tackle a diverse sel of problems in groups and Indwidually. This takes place in the Summer Term a5 an allernalive to a traditional exam week. We are suppjrtlllg the GSA in their aspiralions to develop a culture of crealwity, innovation and enterprise and ernp￿￿ering fernale entrepreneurship in girf5' schools. Debating and publt speaking.have become a strength of the School through a programme lo piovide training lo every pupil, and pupils continue to benefit from a TEOX I￿ense which has provided invaluable opportunities for our eklest yeaT5. AJI Sixth Form pupils volunteer in the community. working wrth the ekjerly, refugees arbd the homele5S. A Mindfulness prograrnme in both JUn￿r and Sen¥)r ￿h0O1$ Continues lo help puprls to cope with anxiety and stress and boost wellbeing, wrth many of the staff being trained in teaching the technwues Thorough provision Is made for the support of the emolional and mentsl wellbeing of both pupils and staff. and a team of five in- house counselbr$ land a Hungarran Mzsla Therap.y 0091) offer both dccp-in and personal support every day at ContemPla¢e in the $¢hcol's wellbeing suile_ Drarna The highlighl of QLrr dramatic year was undoubledty our whole school mus¢al Guys and Dolls al the Riverside Studios. Hammersmith in January 2023 involvin9 80 FHS students. Brilliant￿ devised Drama performances also look place in the Autumn Tem) by our GCSE and A Level gioups. as well as a wonderful performance of Roald Dahl's The BFG by the Lower School in the Summer Term. featuring a cast of 60 students. Drama scholarships are offered at 11+ and 16+ and pupi15 are encouraged lo exp￿￿ drama through drfferenl time periods and curtures with an under5tsnding of Iradrtional and contemporary techniques. A consi51ently large nurnber of pupils lake indivKlual or group speech and ￿SSonS which build Conf￿enCe and encourage empathy, and resuRs are uniformly outstanding. In addit￿n, numbers electing for curriculum Drama have grown quickly in the past six years. with very strong GCSE and A level results. Numerous London based thealre trips look pl￿e in Ihe department and A Level students Visited Ihe presti9￿uS Edinburgh Fringe Festival. Music The Church of EngL8nd foUndat￿n of the ￿hCo1 ensu￿$ MUS￿ plays an invaluable rok in the spiritual and emolional life of ils cornmunty. Most days start with hymn-singing within a reflective Chrislon assembly which is accessible lo all faiths and none. MUS￿ scholarships are offered at 11+ and 16+ and an array of bands, orchestras and choirs give all students the opportunity to develop their musical skill and find a love of performance in the frequent concerts. PublK performances in London. and tours al home and'abroad, continue lo exiend that pleasure lo many, and in particular. to the elderly and sick. We held the full array of concert5 in 12-

The Francis Holland (Church of England) Schools Trust Council Report (incorporating the Strategic Report) Forthe year ended 31 August 2023 the annual FHS mustal Ca￿ndar more. from the Chrislmas Carol Concert lo Evensong at St George's Chapel to the Summer Feslival of Music. and rt was a joy that the numbers of participants continue to gr¢)W The Spring Concert continues lo be a high1￿h1 of the year when the massed choirs of the school sir¢g their annual choral work (students. parents, staff and orchestral as well as solos from the Vl form leavers to celebrate their huge conlribulions to schrx)I music. This time an epic perfornian￿ of Hubert Parry's .1 was Glad, reflecled this historic Coronation year And we ventured abroad again. for the first lime since Covid, and took the Lower. Choir on a very successful knjr of Florence aThJ Tu$￿nY. Sport The PE department continued lo contribute to the devel¢Jpment ofthe phy5uI and mental resilience of the girls al the ￿h0o1 Ihrough a programme of competiiNe sport and rrtness from yoga and pilales to rowing and bool camp. Sports scholarships a￿ offered at 11+ and 16+ and the department enccwjrages the development of courage, character and ￿$111ence through enthusiastic part￿1pation in matches win or lose. That said. the success rale of teams in lournamenls al all leveL8 is eX￿pIlOn0l. wrth regKJnal S￿￿e$S in swimming, netball, crKkel and cr05s country. Pupils part￿1pate in PE through lo the end of Year 13 with options to surt a51 leve15 and areas of inleresl.-A number of girfs compete at natMJnal and international level in swimming, fencing, gYmnast￿S, eventing, skating and skiing. GymnaSt￿S teams have also seen considerable proyress being made bolh as a group and in the indNidual performances of scxne elrte gymnasts al inlemalK)nal level. Inter-school matches remain a large part of the FHS programme and all year groups compete throughout the week and on weekends. FHS enjoy hosting their annual netball tournaments as well as our legendary Varsity Netball againsl FHS Regent's Park and attending the GSA Netball Weekends in Shropshire. FHS Sloane S uare JuniorS¢hool Francis Holland Junior SChC￿l gives priorty to fostering care and wareness of the needs of others bolh * the school and in the wider community. Pa￿ntS kn(hv the Sch(￿￿ has an 'open door, policy and they are crucially involved in theii daughter's &Ju￿￿10n arKI devekJpnEnl. Academic porforman¢e The s¢hool has a ￿0rd of exc811enl resulis al 11+ and the pupils beneft from 5peualisl teachers and facilrties. There are Junior teacher specialists. enabling a speckalist model of teaching that best prepares the girls for the 11+ and transition to senior schools. The girls move onto a variety of leading schools including Francis Holland Senior School, other London day schools and boarding schcols. The aim is a￿ayS to find Ihe best sch¢XJl, most suited to each indNKlual girl. where she will thrive emoticmally and academicalty throughout her senior educafion. Co£urriculum and Pastoral The Junior School offers a wde variety of exver1er￿S alongside the core CUTiiculum. Thefe are crealtve clubs such as pottery, art. ctafts. sewing and calligraphy.. language clubs.. academic clubs in science, 'STEAM' and creative writing." active clubs in netball. running. dance, yoga. gymnastics and judo.. musical choirs, IhealrKal clubs. construction club and ft￿re. Eco Club increasingty popular Sin￿ being awarded an Eco-sthools Green Flag. Clubs run before school, during lunth break and after sch(K)l. alihough we like to ensure girfs balance all these lempling options with play arKI Telaxalion during breaktimes tw. They also have frtus days or weeks within the school day such as Arts Week in Summer Term 2023. The pastoral care within the Junior School is achEved through assemblies, PSHE. RE, motto. ethos. elass teachers, all olhei Junior School stsff and their lessons and the wider support if the Deputy Head Pastoral and wider Senior School paslcKal care network. There is a Constant, passionate focus on kindness and understanding of each other and those in the wder workl. We are currently intrtsjueing the 'Friendology' programme in response to the need for more character and resilience teaching. Drama, Ballet & Musi¢ The Junior scho￿ pupils have many opportunities to work tts3elher towards performances where they Can entertain others as well as fuffilling Iheir own creative learning opportunrties. They have regular seasonal concerts, a Key Stage 1 Nalivty. a large Key Stage 2 musical every summer. drama showcase events and also go out lo the wider.community to sing or help. The 9irfs all lake ballet lessons until the end of Year 3 and often continue with this passKJn. There are ballet. dance and gymnastic displays during each yRar loo, and we held a spectacular Junior Gym & Dan￿ Display in the Summer Term. The Junior School pr¢)duced the musical 13-

The Francis Holland (Church of England) Schools Trust Council Report lincorporating the Strategic Report) For the year ended 31 August 2023 'Seussical'. wrth two drfferent casts due to level of Inte￿$t and partl¢ipation. ¥thich brought together all of the year groups and supported the wellbeing of the gids moving onto Senior Schcols. Sports The Junior School aims to engage all ofthe girt5 in sport, through PE lessons in the playground and on 8attersea Park. swimming. clubs, ￿arnIng drfferent sports, training and their first fixiures. This develops a love of team sports and indwidual aims, working together in a team and leaming more about how to look after themselves. Thèy also start to understand about Compe1rt￿n, commrtmenl and mastery through pLgying matches against other schools ar￿ enjoying the wider community Ihal this embraces. VJII PRINCIPAL RISKS & UNCERTAINTIES The principal risks to vthich the charity is exposed a￿ considered to be-. Heamh and safety of pupils,. staff and volunteers Conlinurty ol education by the Trust Financial sustainability of the Tnjsl Reputation and brand of the Trust The Senior Leadership Teams and the Chief Operaling Offter assist the Council with thè management of risk. The Council and the Committees rewew risks al every meeting. W)en addrtKJnal risks a￿ identified then they . are delegated lo the Commrttee that best provKles the relevant skills and experience lo asses5 them and establish a system of controls necessary for their managernenl. The Council are Tesponsible for maiHlaining the risk profile d￿UMent Wh￿￿, tcgether wilh the risk'management processes, are reviewed formally on an a'nnual basis. The risk management strategy comprises". an annual review by Counal of the risks the charity may fa￿.. a ￿gUlar ￿VIeW of risk by each Commfftee., the establishment of systems and prO￿dureS to mf(b3ate those risks hdentffied in the plan.. and the implementation ofprccedures desgned to minimise any potential impatt on the charty should those risks malerialise. Key controls ir￿Ude.. vetting procedures. as required by law. for the protection of the vulnerable. ' fornial wrrtten procedures fornial agendas for all Commitlee and Council activity detailed terms of ￿fe{enCe for all Committees regular strategic planning, budgeting and management accounting clear authoiisation and approval levels the on-going r￿nIto￿ng of risk. the risk profile ¢kJcument and the risk management process VIIII FINANCIAL REVIEW The financial result5 of the Trust for the year ended 31 August 2023 are as set OLrt in the Statement of Financial Activit￿S on page 20 of the Financial Statements. The charity returned an overall surplus of £1.628.000 foi the year12022'. £999.tJ)01. The Surplus included donations tolaling £1.182.000 12022". £4211,0001. recognised as reslricled income, which wll be appl￿d in the ¢urrenl financial year where appropriate, and vrirealised investment bsses ot £145.CK)J12022' £377.OWI. Re$eThies At 31 August 2023 the Trvsl had total funds of£39,808,00012022. £38,180,000). Oflhis total £1,085.00012022. £433.0001 is represented by funds over which there are restriction5 on the way they can be used. A further £38,720,000 12022.. £39,128,000) is represenled by tangible fixed assets and could onty be realised by Ihe disposal ol these assets. Th8 Trust also has Contradual Commitments relating building works of nil 12022. £59.0￿) as sel out in note 19 to the ac¢ounts_ The Tfust's liabilities include £2,976.000 12022". £2,747,000) represented by fee deposrts repayable that ¥e induded in amounts falling due after more than one yeaT and which are ¢)ffsel against reseNes. 14-

The Francis Holland (Church of England) Schools Trust Council Report (incorporating the Strategic Report) For the year ended 31 August 2023 At the balance sheet date the total value of free reserves. after adjusting for restricted and capital reseNes. conlraclual commitments relating to building works and fee dep)sits repayab￿ after more than one year, was £2,979,00012022'. £1,366,000). The level of I￿e reserves is currently £979,000 above the £2m minimum level required by the poI￿y. Investments Under the Memorandum and Articles of AS5￿1¥tIOn. the charity has the power lo invest any funds not immedialety required in such investrnent5, securities or property as the Trustees wish. As al 31 August 2023 approximalety £3,593.000 12022." £3,647.000} was held in cash and unil trusts with Ralhbones, Ihe'Trusl's, appointed Investment manager. In addrt￿n lo this. the Trustees have operated a policy. of keeping availab funds in an interest bearing deposrt account. IXI FUNDRAISING APPROACH AND PERFORMANCE The Tiusl is committed to the highest standards of conduct in all rts activities related lo fundraising and development, as set out in the Trust Devebpmenl policy. The Trust is registered wrth the Fundraising Regulator and undertakes fundraising activty in line with the Fundraising Code of Practice set by the Regulator. Fundraising aclivty is concenlrdted on fundraising event5 and postsl campa￿n$ wh￿h are supported wrth email and telephone correspondence. Fundrai5rng events and activilv&s resulted in high levels of participation in giving. lo bursaries from parents. The Trust plans to launch a campaign targefing alumni. to include a legacy appeal. All fundraising initiatives are carried out by employee5 of the Trust. No complaints were received in the year. XI FUTURE PLANS Al the Council Strategy Day in Ihe year, Council agreed on three key strategic objectives lo focus on over the next five years consisting of. The relocation of the Junior Schtr)I lo enable two-form erilry Double the number of bursaries offe￿d by Francis Holland Schwls Trust Develop Francis Holland Schts)Is Trust as a recogneed centre of exCel￿nCe for professional development in teaching and learning for the benefrt of the'.pupils The Govemors, Strategy Plan remained tn continuous devebpment. Further consideration will be given lo aspecls of the indivKILtal schrxjl impr¢)vement plans. Key objectives include.. To ddiver our mission slalernent wrthin Ihe context of our charrtable status wrth gothj management and governance. providing bursaries to enhance social access. To achieve the highest standards Of.aCadem￿ attainment and pastoral care and safeguarding for all girls in both schods. To be known for co<urricular excellence. whilst offering a whje range of opportunilyds beyond the classrcom. To recrurt and relain staff of the highest calibre. To create Ihe context In which to enhance ihe ￿h¢01S with bng temi strateg￿ devekjpmenl. .To provKle ex￿lIent facilities and resources 7Mthin high quality buildings. Auditor A resolution for the appointment of Haysmacintyre LLP will be proposed 81 the forthcoming annual general meeting. The Counul Report, whth Ineludes the strateg￿ Report. was approved by Council on 71h December 2023. 15-

The Francis Holland (Church of England) Schools Trust Council Report lincofporating the Strategic Report) For the year ended 31 August 2023 Statement of Trustees. responsibilities The Trustees are Tesponsible for preparing the Council Repx)rt lincorporaling the strateg￿ Report} and the financial statements in accordance wrth applicable L3w and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounts"ng Practul. Company law requires the Truslees to prepare financial stalements for each financial year. ijnder company law Ihe Trustees must not approve the financi41 statements unless they arg satisfied that they give a true and fair v￿W of the ste of affairs of the charity and of the incoming ￿oUrCeS an¢J applicion of resources. including s income and expenditure. of the charity for the year_ In preparing those financkal slalements the Trustees are required to. select suitable accounting polbctes and then appty them eonsislenlty-, observe the methods and prinCip￿S in the Charities Statement Of Recommended Practice. I'SORP,),. make judgments and accounting estimates that are reasonable and prudent. prepare the financial slemenls on the going concern basis unless r( is inappropriale lo presume that the charity wll continue in business. The Trustees are responsible for keeping adequate accountin9 records that are sufficient lo show and explain the charity's Iransaclions and disclose with reasonable accuracy al any lime Ihe financial position of the charity and enable them lo ensvre that Ihe financial statements cornp￿ wrth the requirements of the Companies Act 2006. They a￿ also ￿spOnSible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularrties. So far as each Member is aware. there is no infomalion nee(led by the audit￿ in connection with preparing the audi( report of which the audilof is unaware. Each individual member has taken all the steps that helshe ought lo have taken as a Member in order to make himselftherself aware of any relevant audit information and.to estsblish that the auditor is aware of that informatKn. ON BEHALF OF THE COUNCIL Patrick Sherrington Chairman 35 8ourne Street London, SW1W 8J 16-

Independent aUdit0￿S report to the members of The Francis Holland (Church of England) Schools Trust Opinion We h8ve 8udi(ed the financial stslements of The Francis Holland (Church of England) Schools Trust for the year ended 31 Augu512023 which comprise Statement of Financial AdNities. the Balance Sheet. the Cash Flow Statement and notes lo the financ￿1 5talemenls, including a summary of significant accounting policies The financial reporting framework that has been applied in their preParat￿n is applicab￿ law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The FinancialReporting Standard 8ppIKable In the UK 8nd RepublK of I￿land {United Kingdom Generalty Accepted A¢countirkg Pra¢li¢el. In our opinion. the financial slalemenls". give a Irue and fail view of the stale of the charrtable company's affairs as at 31 August 2023 and ofthe haritable company's nel movement in funds, Including the income and expendrture, for the year then ended,. have been Proper￿ p￿Pared in accordartt wrth United Kingdom Generalty Accepted Accounting Practice". and have been prepared in accordance wrth the requifements of Ihe Companies Act 20C6. Basis for opinion We conducted OUT audit In aecorfance with Intematv)nal Standards on Auditmig IUKI IISAS IUKII and applicable law. Oui resPonsibilities un¢Jer those standards are further des¢ribe(l in the Auditorfs responsibilities for the audit of the financial ststemenls 5ectK)n ofour report We a￿ independent ofthe chanty in accordance with Ihe ethical requirement5 that are relevant lo our audrt of the financial slalemenls in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilrties in accordance wrth these requirements. We believe that the audil evidence we have obtained is Suff￿len1 and appropr￿te to provide a basis for our opinion. Conclusions relating to going concern In audrting the financial statements. we have concluded Ihat the Iru$lees' use of the going concern basis of accounting in the p￿paratIOn of the ffinancial slatements is appropriate. Based on the work we have perfomied. we have not identified any material uncertaintw relating to events or condrtions that, individually or collectively, may cast significant doubt on the tharitable company's ability to continue as a going concern for a period of al least twefve mnlhs from when Ihe.financial statements are aulhorised for issue. Our responsibilities and the responsibililies of the Irustees with respect to going concem are described in the relevant sections of this report. Other Information The Iruslees are responsible for the other infomiation. The other informatty)n comprises the information included in the Council Report. Our opinion on the financk81 stslemenls does not cover the olher information and. except lo the extent otherwise explKilly Staled in our report. we do not express any fomi of assurance conclusion Ih"eieon. In connection wrth our audit of the financkal statemenls. our responsibility is lo read the other Inforinalh)n and. in doing so, consider whether Ihe olher infomiation Is matenalty inconsistent wth the financial statements or our knowledge oblaine(l in the audit or olhewise appears lo be materialty misslaled. If we idenlfy such material inconsistencies or apparent malenal misstatemenls, we are required to determine whether there is a material misslalemenl in the finan￿al statements or a material misstatement of the other information. If. based on the work we have perfornied, we conclude that there is a material misslatemenl of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies"Act 2006 In our opinion, based on Ihe work undertaken in the course of the audrt.. the information given in the Council Report (which includes the strategic report and the directors, report prepa￿d for the purposes of cmipany lawl for the financial year.for which the ffinanckql slalements are prep.ared is consi51enl wrth the financial 5talemenls," and the Strateg￿ ￿port and the directors, feport included wrthin the cour￿11 Report have been prepared ih accordance with appI￿able legal requirements. 17-

Independent auditorfs report to the members of The Francis Holland (Church of England) Schools Trust (continued) Matters oil which we are required to report by exception In the light of the knowledge and understanding of the charrtable company and its envwonmenl obtained in the course ofthe audrt, we have not identified material misstalements in the Courril Report {wh￿h incorporates the strategic report and the director5. report). We have nothing to report in respect of the fdlowing matters in re￿I￿)n to which the Companies Act 20C requires us to rep(yt to you rf. in our opinion-. adequate accounting records have not been kept by the charrtable company". or the chantable cornpany finanual statements are not in agreement wrth the accounting records and returns". or certain disclosures of trustees. reMur￿ratN)n specffied by law are not made", or we have not received all the Information and explanations we require for our audit,. or" the trustee5 were not enlrtled to prepar8 the financval statements in a￿Ordance with the small companies. regime and take advantage of the small companies, exemptions in preparing the trustees, report and frorn the requiremenl to prepare a strategic report. Responsibilities of trustees for the financial statements As explained more fulty In the trustees, ￿spOnSIbl1￿1e$ slalemenl, as sel out on page 16. the Iruslees {who are also the directors ofthe charrtable company for the purposes ofcompany lawl are ￿sponsible forlhe p￿paratson' of the financial statements and lor ￿Ing satisfied that they gNe a true and fait view, and for such Internal control as the trustees determine is necessary lo enable the preparat￿n of financial slalernents that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsib￿ for assessing the Charitab￿ company's abilrty to continue as a going concem. discbsing, a5 appltsble, matters ielated lo going concem and using the going concem basis of accounting unless the Iruslees erther interKI lo liquidate the chantable company or to cease operations, or have no realis￿ altemative but lo do so. Auditorfs responsibilities for Ihe audit of the financial statements Our objectives are lo obtain reasonable assuran￿ about whether the financral statemenls as a whole are free from rnaterial mi55talernenl, whether due to Iraud or error. and to issue an auditorfs report that includes our opinion. Reasonab￿ assurance is a high level of assurance but is nora guarantee that an audrt condu¢ted in accordance with ISAS IUKI will a￿ayS detecl a material misstalement when it exists. Misstatements can arise from fraud or error and are considered material rf. indmdualty or in aggregate, they could reasonably be expe¢ted to inffluence the economic decisK)ns of useis tsken on the basis ol these financial statements. Iiregularrties, including fraud. are instances of non-ccmnplian￿￿ilh laws and regulations. We design procedures in line with our responsibl1f(￿s. outlined above. lo detect malerial-misstalemenls in ￿SpeCt of 1r￿guIarrties, including Iraud. The extent lo which our procwjures are capable of detecting irregularities, including fraud is detailed below". 8ased on our understanding of the charitsble cLYnpany and the environment in which Il operates, we hdenlrfied that the principal risks of non-complk1nce with laws and regulations, such as Independent Schools Inspectorate regulations. safeguarding regulations. health and safety requirements, GDPR, employment Law and Charrty Commission's general gui(Jance and we con5Klered the extent to wh￿h non-cornpliance might have a material effect on the financial state￿￿nIs. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charities Act 2011. the Slalemenl of Recommended Practice for Chanlies (SORP 20151 (Second edrtion. èff￿1lve 1 January 2019 and consider other factors such as payroll tax and VAT. 18-

Independent auditor's report to the members of The Francis Holland (Church of England) Schools Trust (continued) We evaluated management's incenlrves" and opportunities for fraudulent manipulation of the financial slalemenls (including the risk of override of controls) and'delermined that the principal risks were related lo posling inappropriate journal entries and management bias in certain ¥¢ovnting estimates and judgements. Audit procedures perfcvmed by the engagement team I￿luded." Inspecting correspondence with regulalors and lax authotrties,. Discussions with management including conS￿erat￿)n of known or suspected instances of non- Complian￿ wrth laws and regulatK)n and fraud", Evaluating managernent's controls designed to prevent and detect irregularrties." Identifying and testing journalg. in particular ioumal entnes posted with unusual account combinations, poslings by unusual users Of unusual descript￿•n$", and Challenging assumptions and judgements made by management in their criiical accounting estimates. Because of the inherent limitations of an audit. there is a risk that we will not delect all Irregulart￿S, including those leading lo a material rni5slalemenl in the financial ststemenls or non-compliance wrth regulation. This risk increases the more that cJrnpliar￿e wrth a law or regulation is removed from the events and transactions renecled in the financial statements, as we will be less likely to become aware of Instances of non-compliance. The risk Is also greater regarding Irregularities occurring due to fraud rather than error, as fraud involves intentional concealment. forgery. collusion, omission or misrepresentatw)n. A further description of our responsibilils for the audit of the financial statements is located on the Financial. Reporting Covncil's websrte at." www frc.or .uklavdilorsre5 onsibilrties. This description foms part of our auditor's feport. Use of our report This report is made solely lo the charIlab￿ company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 20￿. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to ste to them In an Auditor's ￿ port and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilty lo anyone other than the Chairtable company and the thanlable company's members. as a body. for our audit work, for this report, or for the opinions we have fomwl. Siobhan Holmes Isenvy SILrtory Audrtorl For and on behalf of Haysmaunlyre LLP, Stalulory Auditor Dale.. 8 February 2024 10 Queen Street P*e London EC4R 1AG 19-

The Francis Holland Ichurch of England) Schools Trust Statement of Financial Activities Ine0¥ orating income and expendrture account or the year ended 31 August 2023 Unrestricted Funds Restricted General Funds . Noies 2023 2022 INCOMÈ FROM: Charltable activities S¢h¢ol fees 29,734 29,734 26,935 Raising funds Investment inc¢Th and interest Donations Govemmenl gfanls Trading income 205 205 89 421 16 1,182 15 15 15 Total income 29.954 1.182 31.136 27.460 Expenditure on: Raising funds- Fundraising and Development 165 16S .220 Charitable Activities Education 29.198 29.198 25.864 Total expenditure 29,363 29,363 26,084 Nèt income before transfers and Investment gains l (losses): 591 1,182 1.773 1.376 Gain I1105s) on investments Transfers btheen funds 11451 530 (1451 13771 16 (5301 Net movement in funds 976 652 1,628 999 Funds at 1 September 2022 23,24 37.747 433 38,180 37.181 Funds at 31 August 2023 38,723 1,085 39,808 38,180 All"of the above resutts are derived from conlinuing xtmlies. gains and losses re¢￿aniSed in the year are i￿lUded above. The notes on pages 24 to 37 fonn part of these ffinancial statements Full comparative figures for the year ended 31 August 2022 are shown in note 22. -20-

The Francis Holland (Church of England) Schools Trust Balance Sheet As at 31 August 2023 Company Number 257981 2023 No £'ooo £'ooo £'ooo Fixed Assets Tangible fixed assets Investment propety Listed investments 38.720 675 3.593 39,128 675 3.647 10 42.988 43.450 Current Assets Debtors Short term deposits Cash al bank and Èn hand 13 1,110 6.224 429 977 5.612 1.891 7.763 8.480 Current Liabilitios c￿dI[01s.' amount falling due thin one year 13 15,5811 15,7301 Net Current Assets 2.182 2,750 Total Assets Less Current Liabilitie5 45,170 46,200 Creditors- amount falling due after more than one year 13,14 {5.3621 {8.020 Net assets 39,808 38,180 Funds Unrestricted General Funds Rest{￿ed Funds 15.23 16,24 38.723 1,085 37.747 433 39.808 38,180 Note.. Fund5 include a curnulative unrealised gain of £259,OCK) 12022." £404,000> arising on ievalualK)n of investments and a gain of approximalety £490,00012022.. £490,01)01 arising on the valuabon ol an inve51menl property. . Approved and aulhorised IOT issue by the Members of the Council on 7th Decen*er 2023 and sKJned on their behaK". Mr P Sherriwon Members of the Counul Mr l Ramsay -21

The Francis Holland (Church of England) Schools Trust Cashflow Statement Forthe yearended 31 August 2023 Company Number 257981 2023 022 . N¢>te £'ooo È'ooo £'OC4) Nei Cash flow from operations 4.028 4,124 Cash flows from investing a￿l¥ltieS Payments for tangible fixed assets Investment incorne and Interest Payments lo acquire fixed asset investments 11.4581 117 {8,7971 89 1831 Net cash used in I'nvesting activiti¢s Cash flows fiom financing activities (1.3411_ (8,7911 Loan drawdown ne¢ of repaymenls Finance costs 13.2211 (3161 6.015 11231 Net cash used in financing activities 13,5371 5,892 Change in cash and cash equivalents in thè year 18501 1,225 Cash and cash equivalents al the beginning of the year 7,503 6.278 Cash and cash equivalents at end of the year .6.653 7.503 Reconciliation of net cash flow to movement in net funds Increase Idecreasel In cash in the year Increase {decreasel in liquid resources in the year 11,4621 612 1,078 147 18501 1.225 Net funds at 1 September 2022 7,503 6.278 Netlunds at 31 August 2023 6.653 7.503 -22-

The Francis Holland (Church of England) Schools Trust Cashflow statement For the year ended 31 August 2023 Noles lo the Cashflow Statement Reconciliation of net cash inflow from operating adivities 2023 £'ooo 1.628 1.842 20 145 12051 316 11331 415 2022 £'ooo 999 1.647 Nel"income Depreciation Loss on disposal Investment Igainl I bss Interest Finance costs (Decrease) l increase in debto (Decrease) / increase in creditors 377 1891 172 428 590 Net cash inflow from operating activrties 4,028 4.124 {ii) Analysis'of rnovement in net funds 31 August 2023 ' £'ooo 1 September .2022 £'ooo ash flow £'ooo Cash al bank and in hand Treasury reserve deposrt. 429 6.224 {1,4621 612 1.891 5,612 Total funds 6,653 18501 7,503 Loan.. Less than one year Loan". Greater than one year 14561 {2.3861 335 2.887 17911 15.2731 Net funds 3,811 2,372 1,439 -23-

The Francis Holland (Church of England) Schools Trust Notes to the Financial Statements For the year ended 31 August 2023 Company infomialion The Franci5 Holland (Church of England) Schools Trust Is a company which doe5 not have Share caprtal and Is limrted by the guarantee of the Members to 8 maximum of £1 each. The Trust is govemed by the Memorandum and Articles oflhe ccxnpany. The Trust is a Public Benefit Enlrty registered as charity in England and Wales l¢harrty number. 3127451 and a company limrted by guarantee (company number.. 2579811. The registered Offi￿ Is 35 Boume Street. SW1W 8JA. The subsidiary trading company FHS International. company number 12161646. incorporated in the England and Wales with share caprtal of £1. was reglstered in August 2020 wth a registered address of 35 Bourne Street, SW1W8JA. The company was dormant in Ihe year. The accounts of dorrnanl Company are immalenal. Consolidated accounts are not kyepared. ststement of eomplian¢e These financial stalements have been prepared in a￿ordance with applicable United Kingdom accounting stsndards, including Financial Reporting Standard 102-'The Financial Reporting Standard appI￿able In the United Kingdom and Republ￿ of Ireland, I'FRS 102.). and wrth the Companies Act 2006 an¢J the Statement of Recommended Practv (second edrtionl applicable to ¢harilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the LIK and Ireland I'FRS 102,1 elfectNe 1 January 2019. The financial Statements have been prepared on the historic cost basis except for the modrfication lo fair value basis for certain financial instruments as specified in the accounling polics below. The standard fornat for the income and expendrture account as required by the Companies Act 2006 Part 1 of Schedule 1 to The Large & Medium-sEed C(ffipanies & Groups (Accounts & Reports) Regulations 2008 has been adapted lo provwje more appropriate infom)ation wh￿h refle¢is Ihe a¢tivilie$ of the Trust. The financkgl slalements are p￿sented in Sterfing (£1. The functional currency of the Trust is cor￿ldered lo be Sterling because that is the currency of the primary economic environment in which the Trust operates. Going concern After reviewing the fofecasts and Pfojections of the charily. together wrth the expected ongoing demand for places. the members have a reasonable expecialion that Ihe charty has adequate resources to continue in operational existence for the foreseeable lulure and consider that there were no material uncertainties over the Trust's financial viability. The charty the￿fore continues lo adopt the going concem basis in preparing its financial slalerrnts.' Significant judgements and eslimales In the application of the accounting policies, Council are required to make judgements, estimates, and assumptions about the carrying value of asset5 and l￿blIrtieS that are not readily apparent from other SOUT￿5.. The eslimales and undertying assumptions are based on historical experience and other factors that are considered to be relevant. Actual resu115 may drffer from these eslimales. The eslimales and underfying assumptions a￿ reviewed on an ongoing basis. Revisions lo actounling eslimales are recognised in the perK)d in which the estimate is revised rf the revision affects only that period, or bn the period of the revlsion and futufe perK)ds if the revisK)n affected current and fuluie peiiods. The items in the financial stat8ments wher8 these judgements and estithates have been made include. The eslimaled useful life of the fixed assets The valuation of the fee deblors. eXp￿Ssed rt of the provisK)n for bad debt The fo11t)￿n9 accountsng policies have been applied consistently in dealing with rtems which a￿ conS￿ered material in relation lo the Trust's financial slatemenls. -24-

The Francis Holland (Church of England) Schools Trust Notes to the Financial Statements For the year ended 31 August 2023 Accounting policies la) Tangible fixed assets Tangible fixed asse15 are measured al cost less accumulated depreckqtion and any. ¥cumulated impaiment losses. Oepreciation is cakulated to wrrte dcMn the cost less estimated reshdual value of all tangible fixed assets. other than freehohj Lend. over thew expected useful lives. using the 5traNJhl-line melhc¥J_ The rates applicable are". Free￿)￿1 buildings - Fixlures. furniture and equipli￿t Long leasehold 50 years 3to 10 years 41099yea Assets under the course of conslruclK)n are not depwiated until brought in to use. The Members ofthe Council reviewthe schools. freehold and long leasehold buildings for impaimenl at the end of each financial year. in accordan￿ with FRS 102. As5els c051ing more than £1,000 are caprtalised. Ib) Impairment of assets At each reporting date fixed as5els are rev*wed lo detern￿e whether there is any indication thal Ih05e assets have suffered an impaimenl bss. If there is any indicalK)n of possible impaimient, the recoverable amount of any affected asset Is estimated and compared with its carrying amount. If the estimated recoverable amount Is lower. the carrying amount is reduced to its estimated recoverable amount and an impairment b)ss is recognised immedrdlely in profil or bss. (cl Investment property Investment property is included in the accounts at foir value. Fair value is based upon a valualioii perfomied by an independent SUTveyoT with a Tecognised professional qualification and recent experience in the location and cL8ss of property valued. Idl Investments and investment income Investments reprèsent holdings in a publicty tsaded fund and are included in the financial statements at lair value. Changes lair value are recognised in the Slalemenl of Financial A¢liviti&$. Fair value is established using the bid price at the balance sheet date. le) Financial Instwments The Trust only has financial assels and financial liabilities of a kind that qual'fy as basic financial Instrumerrts. B85K financial in51rumenls ao initialty rècognised at Iransactk)n value and subsequently measured at their settlement value with the exception of bank k)ans which are subsequenlty measured * amortised cost using the effeth.ve interest method. Cash at bank and in hand Cash al bank.and in hand includes cash and short term highly liquKI investments with a short maturity of three months or less from Ihe date of acquisition or opening of the deposit or similar account. Debtor5 Parent debtOTS are measured at transaction pite. less any impaimenl. Parent and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued. at the amount prepaid net of any trade discounls due. Creditors Short term trade creditor5 we measured at the transacthjn price. Otber financol [￿blIrtIeS, including bank loans. are measured inrtialty at fair value. net of transaction costs. -2ts-

The Francis Holland (Church of England) Schools Trust Notes to the Financial Statements For the year ended 31 Au9USt 2023 lfj Leases Rentals payable under operating leases are charged to the statement of finartcial a¢tivities on a straighl-line basis over the lease lem, even rf Ihe payments a￿ not made on such a basis Benefits received as an incentive lo sign an operating tease are similarly spread on a slraMJhl-Iine basis over the lease temi. Igl Provisions for liabilities ProvisKJns are recognised when the charity has a present obligalKsn Ilegal or ¢onstructivel as a result ol a past event, rt is prtsbab￿ that the charity will be required lo settle the obligation, and a reliable . estimate can be m￿e of the aMc￿nt of the oblig8tion. The affK)unl recognised as a proviS￿n Is the best estimate of Ihe consideration required to settle the present obligatK)n at the end of the reporting pencJ. taking into aetounl the risks and uncertainties surrounding the obligalion. {hl Fees receivable School fees are credited lo income in the peritxl for which they are receivable. Fee5 receivable are stated after deducting allowan￿S. scholarships and other remissions granled by Ihe school from restricted .funds but Includes contributions receNed from endowment and reslri¢ted' funds for scholarships. bursaries and'other monÈs received from third partie5. Fees that are received in advance of the academic year to whKh they reL4e are treated as credrtors and released in tho year lo whKh they relate. (i) tk>nations Donalions are accounted for when entillernent arises. the amount can be reliabty quantified and the econthnic benelrt lo the Trust 15 cons•Jered probable. Voluntary income for the Trusys general purposes is a￿O￿nted for as Un￿strICted and is credrted to. the General Resefve. Where the donor or an appeal has imtx)sed trust law reslriclions, voluntary income is credf(ed to the ￿evant ￿trthd Ivnd. lj'l Investment Income Investment income is re￿n[Sed on a ￿e1Vable basis once Ihe amounts can be measured reliably. Ikl School expenditure General educational expendrture is accounted for as incurred on the accruals basis and is charged directly lo the expendrture category to wh￿h rt relates. Expendrture attributable to more than one cost category in the Statement of Financial Activrty is apportioned to them on the basis ol the estimated amount attributable to each activity in the year, either by reference to staff tsme or Ihe use made ol the undertying asset$, as approprie. Irrecoverable VAT is included wilh the rtem of expendrture to which It relates. Grants awarded are expensed as soon as they become ￿37 or operational commitments. Govemance costs Comprise the costs of ¢omptying with consli(ulional and slalutory requirements. Pension costs Retiremenl benefits to employees of the School are" provided through two pensK)n schemes. The pension oosls charged in the Statement of Financ1 Activrts are delemined as follows.. The Teachers, PensKJn Scheme - This scheme 15 a muttiemployer pension Scheme. 11 is not P05sibSe lo identfy the School's share of the underlying assets and liabilrties of the Teachers, Pension Scheme on a consistent and reasonable basis and therefore, as required by FRS102, accounts for the scheme as rf it were a defined contribution scheme. The Trust's contributions, which are in accordance with the recommendations of Ihe Govemment Actuary. are charged in the perw)d in wh￿h the salaries to whth they relate are payabk.

The Francis Holland (Church of England) Schools Trust Notes to the Financial Statements For the year ended 31 August 2023 Im} Pension costs-IconLI The Trust Group. Personal Pension Plan - This B a defined contribution group personal pension plan with Friend5 Provident. Employers, Pensi￿ costs are charged in the period in which the salaries lo which they repale are payable. (nl. Employee.benefits Short lem? benelits Short temi benefits including holiday pay are re￿nised as an expense in the period In which the seNKe was received. Employee settlement benefits Settlement ber￿S are aetounted for on an accrual basis in line with FRS102. lol Fund accounting The charitable trust fund$ of the Trust are accounted for as unrest￿ted or restrictèd ineorne in accofdance with the tem)s of trust imposed by the donors or any appeal lo which they may have responded. Unrestricted funds Unfestr￿ted income belongs lo the Trust's ¢orKx)rate reseNes. spendable at the discretion of the Governors either to further the Trust's Objects or lo benefft the Trust ilseff. Where the Governors decKle lo sel aside any part of these funds to be used in future for $￿e specrfic purpose. this is accounted for by transfer lo the appropriate deswJnated fund. Restricted funds Restri¢ted funds are certain ￿9ac￿$ and donat￿nS lo be utilised in accordance with the terms imposed by the donors. Fees receivable 2023 £'ooo 2022 £'ooo Fees consisl of. Gross seh¢JoI fees Less. bursafies Less.. scholarships Less.. staff, Clergy and other awards Add. bursafies from restricted fvnds .31.156 11.047) 12371 11851 47 28.305 19341 12831 11971 29,734 26.935 Investment income 2023 £'ooo 2022 £'ooo Listed Investments Bank interest Investment property rental income 91 114 15 83 15 220 104 -27-

The Francis Holland (Church of England) Schools Trust Note$ to the Financial Ststements. For the year ended 31 August 2023 Educational expenditure 2023 £'ooo 2022 £'ooo Teachets'"salaries Visi(ing teachers, salaries Teaching costs Premises costs- Weffare c0515 Support costs of schooling Bursary department costs Cost of bursaries from restricted funds . Depreciation Financing costs 13,858 740 1,759 2.545 2.041 4,225 1.825 47 1.842 316 13,110 633 1.567 1.920 1.842 3,383 1,546 1.647 .172 29.198 25,864 Bursary costs include: Auditors. remuneration net of VAT.~ current year audit seryices other ServI￿S 27 , Staff costs and numbers employed 2023 £'ooo 2022 £'ooo Wages and salarie5 soc￿1 securty Pension contribLrtions 13.395 1,546 2.577 .12,545 1,435 2,417 17.518 16.397 Visiting teacher cosls Visiting teacher"pension costs Suppty staff costs Visitin9 lecturers Settlement payments 630 125 32 569 99 83 89 110 18,456 17.347 Number5 employed 2Ci23 Number. 2022 Number 2023 Number 2022 'Number Annual average staff Equivalent full-time staff Te&hing AdminislralNe and supp￿ stsff Visiting Teachews 196 92 32 198 80 32 164 79 160 66 320 310 243 226 -28-

The Francis Holland (Church of England) Schools Trust Notes to the Financial Statements For the year ended.31 August 2023 Staff costs and num￿15 employed Icontinuedl The number of employees whose annual emofumerits exceeded £60,000 was". Reslaled Number 2022 Number 2023 £60,001 - £70.000 £70.001 - £80,000 £80.001 - £￿.000 £90,001 £100.000 £100.001 - £110,000 £110.001- £120,000 £120.001 - £130,000 £150,001 . £180,OC(J £190.¢)01 - £200.oco 38 33 32 33 41 21 127. 111 12022." 521 higher paKI slaff part￿IPated in the teachers. pension scheme and 4 {2022". 51 in the defined conlnbulion scheme. Employerfs contributions for these employees lo the defined benefit_ scheme were 12022". £900,952> and lo the defined contribution scheme were 12022.. £32.883}. The aggregatè eryloyee eMolu￿nIS I￿lUding pension contribultons and employers, national insurance of key management personnel for the year was (2022.. £819.9261. The Members of the Council receNed no rernunerat￿ for their seNtiS during the year 12022.. £nill. ' Travelling and other e>penses relmbu￿ed lo 4 {2022". 21 Members of the Council during the year amounted 10 £1,08212022.' £5601 -2Y-

The Francis Holland Ichurch of England) Schools Trust Notes to the Financial Statements For the year ended 31 August 2023 Tanglble fixed assets Land and buildings Fixiures fumiture ui Long Frgehold leasehold £'ooo Total £'ooo £'ooo Cost At 1 Seplembei 2022 ReckSSif￿aIions Additions Disposals 21.599 146} 173 25.664 5,281 46 349 11.2691 52,544 936 124) 1,4S8 11,2931 Al 31 August 2023 21.726 26.576 4.407 52.709 Depreciation At 1 September 2022 Charge for the year On Disposals 3.329 698 5,419 713 4,e68 431 11,269 13.416 1.842 11.2691 At 31 August 2023 4,027 6.132 3,830 13,989 Net.book value Al 31 August 2023 17.699 20,444 577 38.720 AI 31 August 2022 18.270 20.245 613 39,128 10 Investment property 2023 2022 £'ooo £'ooo Al 01 September 2022 Impairment 675 675 Al 31 August 2023 675 675 The investment property is a flat owned by the Trust and is not used in the Trust's own activities. A formal valuation. of the pr￿ety was prepared by Knight Ffank LLP. dated 8 September 2020. 11. Llsted investments 2023 2022 £:000 Market value al 1 September 2022 Dividends reinvested Realised & unrealised gainslllossesl 3.647 3,940 91 84 11451 13771 Market value al 31 August 2023 3,593 3,647 Cost of investments at 31 August 2023 3.334 3,243 Investments eomprised unrt trusts. 30-

The Francis Holland (Church of England) Schools Trust Notes to the Financial Statements For the year ended 31 August 2023 12 Debtors 2023 £'ooo 2022 £'ooo Due within one year: School bills and extras . Prepayments and ac¢wed income 567 543 367 610 977 13 Creditoys 2023 'ooo 2022 £'ooo .Amounts falling due within one year: School lees received in atlvance Accrued Expenditure Trade creditors Other creditors Taxation and social security Trips Fee deposi(s retsine(I Bank loan Isee note 141 2.151 1.250 510 402 427 32 353 456 1,738 1.487 576 388 390 360 791 5.581 5.730 Amounts falling due after more than one year: Fee deposrts retained Bank Soan (see note 141 2.976 2.386 2.747 5.273 5.362 8.020 Parents Tnay pay I"urtY)n fees in advance. The money may be relumed subject to certaIn'specrf￿ conditions on the receipt of one term's notice. The splrt of the fee deposit balance is determined on the assumption that all pupils currently at the school will remain until completion. Prior year figures included credit notes issued related to cost saving refunds. The balance excludes credrt notes exchanged for a cash refund prior to the year end and refunds don*ed. 14 Bank Loan The Trust entered into an ag￿ernent wrth Lknyds Bank pk for a loan of £6.5m, secured against the freehold tille of freehold propertie5 in Ivoi Place, The Francis Holland School and The Gloucester Amis Public House. The loan is at floating rate interest al 1.75% above Bank of Engla￿1 base rate. 2023 £'ooo 022 £'ooo After 5 years Wr(hin 2 to 5 years Wilhin 1 to 2 years wrthin 1 year 1,318 977 283 264 3,034 1,891 581 558 2.842 6,C64 31

The Francis Holland (Church of England) Schools Trust Notes to the Financial Statements For the year ended 31 August 2023 15 Unrestrf¢ted general funds Unrestricted lund5 represent accumulated income from the Trusts actNrties and clher sources thal are 8vailabie for the general purposes of the Trust. At 1 September 2022 £'ooo Transfers and At investment 31 August alnsl losses 2023 £'ooo £'ooo Income Ex enditure £'ooo General Fund 37,747 29,954 129,3631 385 38,723 As ￿flected by note 9, £38.720.0￿ of the lolal funds of the charitable company is invested in tangible fixed asset$12022'. £31.978.0001. 16 Restrlcted funds At 1 Seplember 2022 £'ooo At 31 August 2023 £'ooo Income Ex nditure Transfers £'ooo £'ooo £'ooo Regent's Paik Bursary Fund TheVNienne Dutham Bursary Fund Regent's Park Building Fund Sloane Square Building Fund .Sloane Square Bursary Fun The Morris Francis Holland Bursary Sloane Square Junior Fund The 1881 Circle Other Fun¢Js 27 85 112 82 62 1621 14001 191 471 400 628 71 131 31 690 84 31 55 31 62 71 151 29 Reslricte<l Funds 433 1.182 15301 1.085 Regent's Park Bursary Fund: to assist girfs from financkalty dis&Jvanlaged backgrounds to benefit from an education at the school. The Wivienne Durham Bursary Fund: a fuThJ for academ￿ pupills) who could not otherwise afford full Regent's Park Building Furbd: a fund to support the devebpment of the schcol. Sloane Square Building Fund: a fund to support the improvement of the school's teaching facilities by the development of rts srte and surrouThJings. During the year costs associated with the prqect have been transferred from the fvnd. Sloane Square Bursary Fund: lo a$$￿t gids from financolty disadvantaged backgrounds to benefrt from an education at the scht)ol. The Morri5 family Francis Holland Bursary- to assist giTls from a financialty disadvantaged background. Sloane Square Junior Fund: A fund to provbje additional resources to enable Ihe'school lo enhance the educational experience. The 1881 Circle: Funds from donors who are Inte￿Ied in supporting the Sloane Square S¢hLxJI's fLrture plans and wdening access to the School. Other Funds". a number of smaller lunds ￿diN￿-re$trlcted donations net of expendrture on the relevant initiative. -32-

The Francis Holland {Church of England) Schools Trust Notes to the Financial Statements For the year ended 31 August 2023 17 Analysis of net assets between funds The net assets are held for the various funds as folkNs- Unrestricted General Restricted {Note 151 INote 161 £'ooo £'ooo Total 2023 £'ooo Tangible fi'xed assets Investment propety Listed investments Nel.currenl assets Credi(ors falling due after more than ¢￿e year 38.720 675 3.593 1,097 15.362) 38,720 675 3.593 2,182 15,362) 1,085 38.723 1,085 39.808 18 Operating lease commitments The foll￿1n9 future minimum ￿ase payffnls under non<ancellable operating leases are set oul below.. Payment due. 2023 2022 .£'ooo £'ooo Not lalei than one year Ler Ihan one year ncrt later than five years Later than five years 542 1,451 7,017 504 1,521 7,380 9,010 9,405 Induded wthin the above oper*ing ￿ase commitments are propety leases under 125 year agreements. Annual rents total £13.000 and are revEwed every five years in accordance with RPI. 19 Capital commitments At 31 August 2023 Ihe Trust had outstanding ¢onlractual ￿rnmrtments for c¥tsl expenditure amounting to Nil12022. £59,000). 20 Related paty transactions During the year. one Trustee was a parent of a sen￿r pupil and one Trustee was a grandparent of a junior . pupil. Both families pa￿j fees al normal rates. 21 Pension Costs Teachers. Pen$lon Scheme The School participates in the Teachers'"Pension Scheme {"Ihe TPS.) for ils teaching staff. The pension charge for the year includes contributions payable to the TPS of £2.389.58912022.. £2,093,58SI and al the Ye￿-end £271.20612022- £262,"742) was accrued in respect of contributions lo this scheme. -33-

The Francis Holland (Church of England) Schools Trust Notes to the Financial Statements For the year ended 31 August 2023 21 Pension Costs Teachers. Pension Scheme Iconlinuedl The TPS is an unfurKled muKi-employer defined berbefrt5 pension Scheme govemed by The Teachers. Pensions RegUlat￿n$.2010 las amended) and The Teachers. PensK)n Scheme Regulations 2014 las amended). Members contribute on a "pay as you go" basis wf(h contributions from members and the employer being credited to the Exchequer. Relirement and other pensKJn benefits are paid by public funds provided by Parfiament. The employer contr￿￿tIOn rnte is set by the Secretary of Slate followiNJ scheme valuations undertaken by the Government Actuary's Department. The most recent actuarial valuatK)n of the TPS was prepared as al 31 March 2016 and the Valuation Report. which was published in March 2019. ¢onfim)e(I that the employer contribution rate for the TPS would increase from 16.4% 10 23.6% from 1 September 2019. Employers are also required to pay a scheme administrat￿ levy of 0.08% gr¥ing a total employer conlribulitin rate of 23 68% The 31 March 2016 Valualionlleport was prepared in accordance wrth the benefft5 sel out in the scherne regulions and under the approach specTfied in the Directions, as they applied at 5 March 2019. However, Ihe assumptions were consYered and Sel by the Department for Education prior lo the ruling in the 'M¢CloudlSargeant case.. This case has required the courts lo consider cases regarding the implementation of the 2015 reforms t0'PUbl￿ Service Pensions including the TeacheTS' Pensions. The TPS ts subjeetto acosl cap rrtthanism which was put in pla￿ to protect taxpayers against unforeseen changes in scheme costs The Chief Secretary to the Treasury. havsng in 2018 announced that Ihere would be a review of this cost cap mechanism. In January 2019 announced a pause to the cost Cap mechanism following the Court of Appeal's ruling. in the Mccloudlsargeant case and until there 1$ certainty about the value of pensions to employees from April 2015 onwards. The pause was lrfted in July 2020, and a consultatton was launched on 24 June on.proposed changes to the cost control mechanism following a review by the Govemment Actuary. Folbwing a publ￿ consurtation. the Govemmenl have'accepled three key proposals recommended by the Govemment Actuary and are aiming to imptemenl these changes in time for the 2020 valuations. The 2016 cost control valuations have since been completed in January 2022, and the results indicated that there would be no changes lo benefrts or member contributions required. The results of the cost cap valuation are not used lo set the empbyer contribution Tale, and HM Treasury has confirmed that any changes lo the employer conlribufion rale resulting from the 2020 valuations will take effect in April 2024. The 313t March 2020 valuation ha5 now been finalised, resutting in an increase in the empknyer contribution of 5¥., giving a new lotsl employer Contribut￿)rt of 28.68%. effective from April"2024. Until the 2020 valuat￿n is completed bt is ncl possitjle to conclude on any financial impacl or future changes to the contribution rates of the TPS. Accordingly, no prowsion for any additional past benefit pension costs is included in th8se finan¢HI Stalen￿nI5_ The Teachers, Pension Scheme is now cbsed to Staff. Tiust currentty PiOVKles the following defined contribution pension arrangements for stsff. Aviva Francis Holland Schools Tntst Registered Stakeholder Pension Scheme The Trust established the Francis Holland School Trust Registered St*8holder pension scheme with effect from 1 May 2022. Aviva provide administrative, investment managemenl and trustee services to the scheme. Members have intliwdual poI￿leS established in their owrb names on 104ning. The defined contribution $cheme was previously managed by Friends Provident.

The Francis Holland (Church of England) Schools Trust Notes to the Financial Ststements For the year ènded 31 August 2023 21 Pension Costs (continued) The Trust's responsibilities extend to making conlributions through payrdl and administration, lim((ed to providing Aviva with surtable infomiation atN)ul employees who accept the invrtalion lo join the scheme. The pension Cost charge for these defined contribution schwnes represents the amounts payable by the Trust for the year and amounted lo £462,77712022." £236,465). The year end liabilty in olation to this scheme was £55,98012022. £31,838). 22 'Comparative Statement of Income and Expenditu￿ - Year ended 31 August 2022 Unr•strict•d Funds Restrlcied General reslaled 2021 £'DOO Funds 2022 Notes . INCOME FROM: Charitable actlvltles School fees 26,935. 26,935 24,139 Raising funds Investment income and interest Donations Govemmenl grants Trading income 89 89. 421 86 1,011 69 15 421 15 15 Totsl income 27,039 421 27,460 25.308 Expenditure on: Raising funds: Fundraising and Development 220 47 Charitable Activities Education 25.864 25.864 23,194 Total expenditure 26,050 26.084 23,241 Net income before transfers and Inveslmgnl gains I Ilosse$}: 989 387 1,376 2,067 Gain I Ikjssl on investments Transfers be￿een funds 10.11 13771 230 13771 625 12301 Net mo¥8ment in funds 157 999 2,692 Funds at 1 September 2021 22.23 36.￿5 276 37,181 34,489 Funds at 31 August 2022 37,747 433 38,180 37,'181 All of the above results are derived Ireffl eonlinuing attNit￿$. All gains and losses ocognised in the year are included above.

The Francis Holland (Church of England) Schools Trust Note5 to the Financial Staternents For the year ended 31 August 2023 Comparntive fund notes: 23 Unr8stri¢ted general tsnds Unre51ricted funds represent accumulated income from the Trusts actNrties and other Sources that are available for the general PUTposes of the Tnjst. Al 1 September 2021 £'ooo Transfers and At investment 31 August ainsl losses 2022 £'ooo £'ooo Income Ex nditure £'ooo General Fund 36.905 27.039 126,0501 11471 37,747, As ￿flected by note 9, £39,128,000 of the total furKls of the Charitab￿ eompany is invested inAangible rixed assets12021'. £31.978.1)XII. 24 Reltri¢ted funds At 1 September 2021 £'ooo At 31 August 2022 £'ooo Income Ex £'ooo enditure £'ooo Transfers £'ooo Regent's Park Bursary Fund The Viwenne Ourham Bursary Fund Regent's Park Building Fund Sloane Square Building Fund Sloane Square Bursary Fund The Morris Francis Holland Bursary Sloane Square Junior Fund Other Fund5 27 27 82 62 2(% 11441 71 71 131 31 29 175 {441 (481 1281 79 19 Restricted Funds 276 421 .12641 433 Regent's Park Bursary Fund". lo as%st girls from ffinancially di%advantsged backgrounds to benefrt from an education 81 the schc The Vivlenne Durham 8utsary Fund." a fund for xèdemic pupillsl who could not othe￿1$e afford full fees. Regent's Park Building Fund." a fund to support the develOp￿￿nt of the schcol. Sloane Square Building Fund: a fund to support the improvement of the s¢lN)ol's leaching fa¢ilrties by . the devek)pment of its site and $urrouThJing$. During the year cos1$ ass¢xiated wilh the profrect have been transferred from the fvnd. Sloane Square Bursary Fund." to assist gids frlxn financialty disadvanl&Jed backgrounds to benefit from an education al the school The Morris family Ffancis Holland Bursary." to as&st 9irfs from a financially di5advanlaged background. Other Funds.. a number ol smaller fvnds holding restrKled ¢knations net of expendilure on the relevanl

The Francis Holland (Church of England) Schools Trust Notes to the Financial Statements For the year ended 31 Au9USt 2023 25 Comparative analysis of net assots between funds The nel assets are held for the variou$ funds as follw. Unrestricted. General Restricted (Note 231 {Note 241 £'ooD £'ooo Total 2022 £'ooo Tangible fixed assets Investmenl property Listed inveslments Net current assets Creditors lalling due after more than one year 39,128 675 3,647 2,317 18,0201 39.128 675 3.647 2,750 18.0201. 433. 37.747 -433 38,180 26 Post 8alance Sheet Event On 28.11.23 the Trust acquired the trade of The Hampshire sch￿1, an Independent primary school within the Royal Borough of Kensington and Chelsea. The edUcat￿nal, operational and financial implications of the purchase were reviewed at length priorto acquisrtion and JI was agreed that the purehase would benefit the Trust and its pupils. J7-