HIGHGATE HIGHGATE SCHOOL GOVERNORS, ANNUAL A£PORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 Haysmacintyre LLP Chartered Accountants Registered Audito
HIGHGATE SCHOOL REPORT AND ACCOUNTS FOR THE YEAR ENDED 3 I JULY 2022 CONTEfrirs PAGE G¢)vernors' Report Chairrn4n'5 Foreword Main Report 1-22 2-22 Statèment of Go¥•rnors' Responslbllltlei 23 Independent Auditors, Report 24.25 Statsment of Flnanclal Artlvltl•s 26 Balance sheet 27 Cash Flow Stat•m•rt 28 Statement of Ac¢ountiDz Policies 29-33 Notès to the Accounts 3&48
HIGHGATE SCHOOL CHAIRMAN'S FOREWORD FOR THÉ YEAR ENDED 31 JULY 2022 CHAIRMAN'S FOREWORD l am pleased to present Highgate School's report and accounts for the year ending 31 July 2022. following another year of excellent achievemen4 across many fronrs as described more fulLv in this reporL We have continued to focus on many important aspects of our Development PEan in areas including wellbeing (both pupil and staffj, sustainabiliry and inclusion and diversity, as set out in more detail within this ReporL However. our Continuing imperatives as a school- to keep pupils safe and happy and to ensure that they receive the best possible education - remain constancs: I hope that this POr[ will enable those interested in Highgate to understand something of the energy and self-refiective deterniination which characteri$e the School in consis¥ Striving to improve how those imperatives are delivered. Additionally. significant commitment continues, and I hope is captured V*lthin this repor( to look at how we can strengthen what it means, as a school, to be a charity: l and my fellow governors s¢rongty support the Head's deterniinarton w pursue greater impart still of Highgate as a chariry. A few particular highllghts: The khool and its communiry responded to the current situation in Ukraine by accommodating children from refugee families into tcs Senior khool from Summer Terni 2022. In toral. eight Ukrainian pupils have taken up place$ in Senior School with a fvrther two pupils joining in the Lent Terni 2023. Their transition into Highgate has been smooth and successful,. pupils are accessing learning effectivdy and are beginning to make and maintain relationships with peers. Some pupils are benefitting from individual and wred Learning SupporL We will appoint a Refugee Family Support Officer in Lent Term 2023 to provide further support to both pupils and families. (2) To help better inform the Governing Body. groups of Sixth Fornier5 now attend ar the srart ol most Governors. Meetings to discuss a particular relevant topic of the educational offering which has been a very rewarding addition to help the Governing Body fvlfil its moniwring role: (3) Progress continued co be made on developing the necessary planning applications to deliver the estate plan set our in Haringey's Supplemenrary Planning Document for the Sch¢t- like our predece550rs. we need to look to the needs of succeeding generntions a5 well as the presenL carefully balancing inter-generational costs where past investment in facilitie5 benefit today's pupi15 and investment now benefits current and future pupils. I take this opportunity to thank the staff for their enthusiasm and all that they do both co sustain and enhance the quality and standing of the School, and to spread the same s¢andards of quality and excellence among our growing rdnge of partner schools. l thank also my fellow governors for their support and unswerying commitment to the School. Bob Rothenberg MBE
HIGHGATE SCHOOL GOVERNORS, REPORT FOR THE YEAR ENDED 31 JULY 2022 CHARITABLE OBJECTS Our charitable objects are Set out in the kheme of Governance as= ( l ) the advancement of education by the provision of a school in or near Highgate, the provision of incidental or ancillary educational activities, and the undertaking of associated actiwties for the benefit of the public; and (2) in so far as the Governors think fit (and so long as they. in their discretion. consider that the object stated in clause l is being properfy provided for) the relief of the poor. These object5 have been achieved In-year as set our in the 'ObiectiYes as a School 2021-22, and 'Objectives as a Charity 2021-22,. OBJECTIVES AS A SCHOOL 2021-22 The Sch¢)ol vns in its second yvar of its 2020-25 deYel¢)pment plan. Within this plan, the School's Vision Statement is stated as.. "In what we plan to do, what we accually do and how we measure our success. our pupi15 are our starting poinL what they experience a5 children and young adults, what they become and the lives they are able and inspired to lead. So, let U5 imagine our pupils as they leave us: We imagine a happy, cohesive community whose pupils. from rnany different backgroLTrnd& have learnt to respect and the experience which emerges from diversiry artd who have grown up in a school which has taken nothing for granted and has cleared the way for all children, whatever their prior experience, to feel welcome and to thrive. They will enjoy lrfe to the full and alue their friendships. Open-minded and alert to opportunity, they will leave us for places on competiuve courses in a de range of universities in the UK and around the world. with the ambition. motivation. skills and staying PoVr to equip them to study independently and with success. In their academic learning as well as in their lives beyond the classroom they will have developed 'soft' ski115 along with qualities of self-awareness, resilience and 5elf-confidence They will have developed their emotional and mental as v•ell as their physical hdth and I11 have insight into Nways of preventing and getcing help for ill health, without fear or shame. They will do voluntary worl work experience and internships and will be adept ai matching their skills and attributes against possibilities ahead. They will have worked in parmership with young people in other schools and broken out of any school bubble. The VAY they have journeyed to their exams. and the understanding that remains with them thereafter, will be as important as their grades. They will be creative. rigorou5 and eager chinkers and reader5 who have pursued learning for irs ovm sake. They will have had a taste of competition and of the energising effect of entrepreneurship- they will be Y11 infornied about vnys of living and working sUStainably. They will have a range of hoblmes and interest5 in which they will have parricipaced with enjoymenc and commitment. In these. and through service to others, they will have grown as individuals who can lead and can seNe. They will be thoughthtl and open-minded. conKious of the advantages they have enjoyed and of the choices and obligations such advantage should bring." The khool's strategic aims and action5 for the vthole school are stated as.. Embedding Highgate is Here: learnings from the national emergency. Continue to establish Highgate is Here as our enduring charitable campwgn. encompassing borh our long terni commiunenc to our bursary provision and partnerships and our response to emerging community needs. such as support for refugee children ar a comrnitmenc to digid access.. Expanding ParerShiP and opportunity.. esLiblishing 'Chrysalis East. for the London Academy of Extellence Tottenham's (LAET) feeder schools, supporring pupils in these schools and local prirnary Schools to improve outcomes in Tottenham and increase the number of children able to access a Sixth Forrn education at LAET.
HIGHGATE SCHOOL GOVERNORS, REPORT (¢oTrtinued) FOR THE YEAR ENDED 31 JULY 2022 OBJECTIVES AS A SCHOOL 2021-22 (¢ontinued) Inclusion. Making our khool 'actTrvely anti-racist,; ensuring the voices and experiences of pupils inform change and policy: Increasing diversiry in pupil applications and acceptance5 by expanding bursaries in the Senior School and introducing them in thejunior School,. Inityating curriculum review and change; Investing In and improving staff inclusion and diversity through rgeted recruitment and sector-wide engagement to encourdge grdduates from minoritised ethnic groups u) look at teaching. Sustainablllty. Continuing to embed environmental 5UStainabiliry into our thinking and actions. As a school, HighK4te has a centfdl role to play in educaung our pupils. s(aff (and parents) abour the importance of environmental suttwnthlity. Our intent is set out in our Environmen Susfainability Initial Srrntegy Plan. Income generntion to support our charitable objertivu Idenrfy'ng and testing out opportunitie5 for alternative income generdtion. such as opening an internaiional school: developing commercially viable remoce learnini. provision of a pre-school offerin& Improvin8 and renewing facilities. Enatting our esrate master plan to improve and enhance faciltties in sport science, drama. music and for specialist sixth forni teaching. Making life easier and better. Professionalising 5chool-home communications: Introducing 'wra around care, for pupils in the Pre-Prep and Junior Schools., Making it easier to travel to school (expanding school bus routes, lobbying to improve safer cycle routes. introducing vrdlking buses). Keepln8 balance In the curriculum. Enabling and getting pupils to do what they love; making the Case for all subject5 as needed, especially the humanities and creative arts. Building capacity and thange managemenL Investing in long-temi teacher recruitment,. Dealing with the challenges of and identifying the opporninitie5 in the interruption caused by building works and in re-5iting core teaching facilities: Harne55in8 the best of digitauremote leaminglother related activities. Within our Pre-Preparatory School (Receptyon and Years 1-2). the overvlew of objectives for 2021-22 is stated To deliver a rigorous yet explordtory and child.led curriculum thar Igni curi05iry and rnotivates children to embark on 4 lifetime of learning. To continue to develop the Pre-Prep's role in sustaining strong and r41uable Community Partnerships. To create optimum provision to ensure that soff development {CPD) raises pupil attainment. Within ourjunior School (Years 3-6). the oyeriiew of objettives for 2021-22 is stated as: To extend opportunities for academic stretrh and challenge, 'for taking risks wtthout consequences.. throughout the Junior khool, keeping these flexible and accessible. To plan pastofdl and academic supportfor the firstjunior School bursary pupils and their families to ensure that they are 5ettted, happy and equipped to thrive in our school. To optimise and ccAnmunicate the opportunities of being a larger Junior School through choice. Withln our Senior School (Years 7-13). the overview of objettiyes for 2021-22 is stated a5: To compel pupils to meaninglully engage wth and respond to feedback. To Consider the needs and profiles of all pupils wkth a specffic focus on neurodiversity. To train and 5UPPOrt Staff to deliver effective, proattive paxoral care that targets the specific needs of individual pupil5. To empower pupils by helping them to manage their own wellbeing. To deepen community engagement by mobilising pupils to 're-think' the fuwre and become positive agents of change in their 5th001 and beyond.
HIGHGATE SCHOOL GOVERNORS, REPORT (contlnued) FOR THE YEAR ENDED 31 JULY 2022 OBJECTIVES AS A SCHOOL 2021-22 (continued) ACTIVITIES OF THE SCHOOL Academlc PrevPrePorotory SchooL We have continued to focus on creating more opporwnives for children to lead thelr own learning and increase their autonomy in the classroom. We ex*nded the use of continuous provision to Year 2. encournging children to choose resources independencly to supporc their learning. Staff are embedding a playful. explorauve approach to learnin& fflan£ use of the Errining from last year. In September 2021 we welcomed an additional 20 children to our Recepuon year group following the closure of our Nyrsery classes in July. They joined 40 existing Nursery pupils. From September 2022 we will be welcoming 60 new Reception children each year. To accommodate the growing number of pupils. work continued on an extension to house three addityonal Classrooms and a new librdry. Equality, Diversity and Indusion have continued to be at the forefront of our work at the Pre-Prep. and we have worked closely wtth the Junior khool to draw up our Diversiry Action Plan. We have held Several staff trainlng sessions on areas such as language and unconscious bias. Our focus on %vindows and mirrors, has ensured children's own backgrounds are refletted in their learnin& as well as all0%ng them to learn al>out the diverse cultures of London, England and the rest of the world. Forums have lOwed parent5 the opportuniry to feed back on their children's experiences. We have a150 continued to work on our classroom environments, ensuring all resources are inclusive of all children. We have introduced and successfully implemented a Restordtive Justice approach to behayiour management. Comprehenstve trnining for the Depury Principal Pastoral was cascaded to all staff. We have also focused on intrinsic motivation. encouraging children to develop greater self-refflecuon and to be less dependent on external validation. As part of this, we have removed physical rewards. praised process rather than outcome. and made greater use of questions thac encourage self-refflecri¢)n. lunlor School. The junior School's academic direcuon continLtes to present rhe pupils with the experience of a curriculum that provides breadth and depth as well as academic rigour underpinned by our character skills programme. Our primary aim remains to ensure that all pupils can engage with everything we offer, whilst developing each child's understandin& knovledge and skFlls. as well as their confidence to become the best version of them5elve5. Over the course of the year, the teaching and learning content has been updated. thus creating a diverse and enriching curriculum. Through differentiated ac¢ivicie$. curriculum reviews and the deployment of teaching and support staff, we ensured that our pupils were well supporced. and challenged, within and beyond lessons. Sustainability has been at the forefront of thinking throuzhout curriculum updates in all subjects such as reducing carbon footprint in Computin& focusing on bi¢)diversity in Science and continuing to teach Geogrdphy through the lens of 'awe and wonder.. Wildlife sanctuaries and bird boxes encourdge local wildlife into the area. Diversity and Inclusion continue to infomi subject planning in a subtle. measured yet impactful way. In English, we are focusing on re-designing and re-inYigord(ing the schemes of work co include a conremporary and diverse range of authors and texts in each year group.
HIGHGATE SCHOOL GOVERNORS, REPORT (continuerf) FOR THE YEAR ENDED 31 JULY 2022 ACTIVITIES OF THE SCHOOL (continued) Academic (contlnued) Junior Sehool (eontlnuedl Some particular highlights: Integration of wetrkbased services such as MS Team5. Trinket.io. krdtch Studios and Raspberry Pi. Updating online safety les50ns vth Common Sense and UK Safer Internet resources. supported by ChildNet Online Dital leader5 training for Year S pupil5. Trip to Bletchley Park ¢0 enrich the Year 6 unit on Codebreakers Adaptation of Design Technology and Engineering (DTE) projects to ensure a smoother trnnsition to the Senior School, for example focu5inz more on 3D printin& CAD and programming throL¢gh robotics. Promoting diversiry in English through events with poet Joseph Coelho and author Jasbinder Bilan. Expansion of the Maths curriculum to include Maths History with links co PSHEE through the lrfe and work of Alan Turing. Ada Lovelace and other famous mathematicians. Senlor School. The limitations of examinauons to promote learning are well understood by all, not least by colleagues at Hishgate who make it their academic mission to teach beyond the exam specification. That said, all teacher5 Yre pleased to return to public examinations in 2022 as this did not put them in the unenviable position of passing final judgement on Year I l and Year 13 pupils with whom they were used to building an academic relationship in pursuit of a shared goai f'us against the exam"). Instead. 2020 and 2021 saw teacher5 also act as the final arbiter over pupils. public examination grddes and this certainly put a strain on wha¢ is ordinarily a collaborative relatronship. Ofqual irrfornied schools that grade boundaries would be fixed to produce grade ourcomes somewhere between 2019 (che last set of public examinations) and 2021 (the final year of in-school assessment in re5pon5e to Covid) and chat schools should expect to see a sharp drop in their performance as a result Whilst there wa5 a drop at Highgate. it was not sharp and it is cle¥ our pupils in both cohorts out-performed many of their rivals nationally and in similar schools.. in addition. it is clear thaL retrospectivety. th¢ grade inflauon ar Highgace over the last two year5 Yrns Ix)th reasonable and managed. At A-Level 55.1 % of grades were awarded an A. up from 42.4% in 2019. and sutisucally almost identical to Centre Assessed Grddes in 2020 (56.8%). Similar trends could be seen at AIA. At GCSE, 58.8% of grade5 awarded the top grade "9" up from 49.2% in 2019 and - again - very close to the Centre Assessed Grade % of 60.9. The cumulative 85.5% of 918 grddes exceeds our 2020 Centre Assessed Grade % of 84. These outcomes compare very favourably against national averages. Perhaps. most pleasingly. 83% of Year 13 applicants were accepted inco their firsc-choice university. including 18 medics. These s(atisucs a in line with the significanc gains rnade oyer the last fNe years and. pleasingly. in a year when schools were told to prepare for more disappointed applicants because of the pressure on university places. 29 pupils matriculated at various Oxbridge colleges and 10 took up places in the US. This is jusi above our average for the last five year5 in both metrics which i& in turn. significantly above the prewous 5-year averdge.
HIGHGATE SCHOOL GOVERNORS. REPORT {continued) FOR THE YEAR ÉNDED 31 JULY 2022 ACTIVITIES OF THE SCHOOL (continued) Academlc (contlnued) Senlor S¢hog1 (continued). substanti and imporcant work took place in diversifyit)g our Senior School curriculum, with several new in-housae5igned syllabuses being introduced for the first time. Though certainly spurred on by the Black Lives Matter and MeToo Movemen this focus on what we teach was well-received by colleagues who enjoyed i year of not being too troubled by Covid restrictions and could, instead, focus on refreshing their subject's contenL Thoughtful. collaborntive work took place, which necessitated colleagues learnin8 new or revi5icing rnateri in preparation for fresh schemes of work This doveuiled neatly with a whole school focu5 on staff scholarship. Nvhich allowed Heads of DeparDnenrs to put subjecr development at the heart of their colleagues. Continued Professional DevelopmenL A feature of teaching at Highgate 15 that collea8ue5 are recruited. in parl because they are excellent subject specialists,. our expettation that they continue to engage with rheir subjects to support teaching and model scholarship to pupi15 is. in our experience, unusual. It is also a feature that Heads of Departments AlUe. Co-curricular The co<urricular life of all three schools has continued to forni an integral part of pupils, educational experience. Almost every pupil. in every year group. has contributed to at least one co- curricular venture,. neady every member of teaching staff, and an increasing number of support staff, have also supported these activities. The Tr&Preparatory School contlnues to offer a wide rdnge of optional dubs before. durSng and after the school day. These range from tennis danc< Lego, gardenin& Science, and drama to narne but a few. The children love attending these clubs and their suggexions feed inw the offer for future terrns. Following the easing of covid restrictions this year we have been able co resrart our community partnerships in che wider community. Tvm of ourteachers have supported the local communiry by running weekly sessions outside of the Pre-Prep: our mussc teacher has offered singing story sessions in a local librnry and another teacher has taught drdma lessons in a local primary school. The Corycurricular life of the Junlor khool corrinue5 to provide a wide Yariety of attiYitie5 and opportunities. With over different clubs, including the new additions of gardening, sustainable cookery and bird-watching. we offer a programme which continues to provide the children with an opporwnity to work with others outside their Class. developing their curiosity and other rtew skills. In the Senlor School, 1 pupils in from Years 7 to l O are required to aitend a lunchtime artivlty once a week. which include the hugely popular Duke of Edinburgh's Alrdrd Scheme (DofE). spinning, debating. cross-stitching. and Combined Cadet Force (CCB. Pupi15 of all age group5 choose to attend one (or more) of around 60 lunchrime clubs and societies open to all age group& advertised at a Societie5 Fair early in school year. Several pupils 5UPPOrted younger pupi15 or helped staff run the in-person attivities and new clubs, such as Anirne and Warhammer. emerged as a result of pupils across the year groups taking the inittative to run activities themselves. All pupils in Year$ 9 and 10 took part in off-umeiable a¢uviry days in June where they could choose a couple of activities. Including ones never offered before such as fishing and urtjan foraging.
HIGHGATE SCHOOL GOVERNORS, REPORT (¢ontlnued) FOR THE YEAR ENDED 31 JULY 2022 ACTIVITIES OF THE SCHOOL (contlnued) cOrCular (contlnued) Specific co<urricular successes included qualifying for the final of the U19 National Schools Chess Championships 2021122. qualifying to attend the Vex Robotics yr1d championships in Dallas, USA and winning three Gold medals at the Olympic Weightlifting Championships as a result of pupils trdining in a club. Two Lower School debate teams faced each other in the final of the Debating for Everyone Junior Shield Competition. Sport and Exerclse (SPEX) SpEx at HIghga aim5 to ensure that every child can develop their own physical literncy. Po$¢-pandemic. we placed excra importance on health and wellbeing. In October we launched a new ten-year Sport Tours strategy. and took a co-educational Senior Sports Tour to Manchetter for Football, Netball and Hockey in March 2022. Junior School pupils t¢)ok part in Yarious SPEX even Such as the distance challen8e where children were encouraged to cycle, swim. njn or vrnik as far as they could over a certain time period and record their distances. All children in Years 3-6 represenced the schoJl in either inter or intra-cornpetitions. The expansion of the fixture calendar ha$ developed further sporring partnerships. and in the L4PS Nelball ISFA Football compet¢uons we reached the semi-finals and final respettiyely. Further up the school. widened our offer to include 8asketbaiL Triathlon. Gir15 Football and Boys Hockey - though all our sport pathNYdyS are inclusive. and a richty diverse co-educational offer is a real strength of the programme. The reinstatement of Saturday sport lowed Ltrs to organise a full fixwre programme. We regularly saw up w forty team5 competing in school. county. regional, and national fixtures and competitions on Saturdays. Keenly contesced Form and House competitions $0 returned with a focus on maximum participarion across year groups. genders. and sports. It was an outstanding year for Performance and Excellence in Sporc At the Awards Evening in July, honours were presented in the following categories- Great Brirain (10). England {6). RegionaUAcademy (12), County (22), Dance Scholarships (3). An additional 40 pupils Vre avlarded with Outstanding Achievements in Sport that include medals at Intemational. National, Regional. and Counry competitions. We have a national champion in athletics. are national champions in 8ids fives at U13. 14 and 15. and came second in ihe gids cross country naiional schools final. Musl¢ After the disruption of the pandemic the nomi incer-genernuonal ensembles and choirs resumed their exciting programme of conce. Under the im¥natrYe trtle of'Looking BacWLookin8 Forward. the year's repertoire wa5 carefully selected allowing for moments of reflecuon (Looking Back) on851de Irn5 with pulsing rhythm5 and a leeling of freedom and release (Looking Forth). The Michaelmas Term culminated in a fantastic cOnrt in-the-round in the Junior School Foyer, which included a 'sound walk, around the Junior School balcony to heara ried programme of music performed by a range of orchestrns and ensembles. The pupils presented sustainable. paper free. spoken programme notes delivered from the stage to avoid any possible spread of infection. In the Lent Terni a stunning large ensemble concert at Southwark Cathedrnl feaiured music by Whitacre. Barber, Mozarn Bacewizc and Scriabin. Our talented Pop and Rock musicians perfomied in a fabulous Contemporary Music Showcase at The Roundhouse alongside pupils from Londork Academy of Excellence Tottenham.
HIGHGATE SCHOOL GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 JULY 2022 ACTIVITIES OF THE SCHOOL (continued) Co*currlcular (continued) Music (contlnued) More than 800 pupils, from across the Senior and junior Schools. were involved in individiRI music lessons wSth 53 Visiting Music Teachers. An A8RSM examiner also carne to the School each terni for those pupils who were raking their Associated Board examinations. Drama The Drnma Deparcment threw open its Studio Theatre door5 Yth great excirement at the return to live productions. In the Pre-Preparatory school. the end of Year 2 show to parents had at its heart an important message about plastics in the ocean. We also saw a Year 3 production of 'Pandorn's box,, Year 4's Aladdin, Year 5's 'Olivia' and Year 6's The Lion Kinl. Year5 S and 6 props club took ownership of the amazing visual effects. as well as pupils from Year 6 and Year 7 (from the Senior School) being re5pon5ible for lighting. Drama Llama drop-in club was introduced to the Junior School. for children to build on their Social confbdence and emotional expression. The annual Senior School House Drama began the year and proved, once again, just how re50urceful our pupils are as they prepared their House pieces enrirely independently- Later in the term, a multi-rolling cast deftly Switched between character5 to bring to life Brechr's masterpiec< A Caucasian Cholk Circle. Our biennial musical, this time at the Arts Depot in North Finchley. wa5 Legaty Blonde. The combination of ralented pupils, a fantastic band and wonderful costume5 and set design. made for a highly enterraining producuon that stayed with us long after the final curtain came down. Years 7 and 8 finalty got their moment to shine in the Summer Term with Artjund the World in EiEhty D. which brdvely included four casts over four nights as well a tlying circu& a floating night garden and a hot air balloon. Pastoral and Pupll Wellbelng PiiPII Wellbelng Further to the developments of the past two years in the pas¢ornl team. this year saw the division of the role of Deputy Head (Pasto} from Designated Safeguarding Lead with the creation of a Director of Safeguarding. This new role, which works closely with the Directors of Inclusion and Wellbeing. will allow further improyements to safeguarding policy and prac¢ice. enable closer links with children's Social care. and promote a more strategic approach to safeguarding training. This has begun with the development of a three-year training framework that includes regular CPD for teaching and support staff across the Pre-Prep, Junior and Senior School as well as more learning opportunities for pupils and parents. The Director of Safeguarding has produced a first impressions report. based on interviews with staff and pupils, and a full audit is planned for the Michaelmas Terni 2023. The Depury Head (Pastoral) will continue to oversee this work and has coniinued to work closely with che Directors of Wellbeing and Inclusion on developing holistic pastoral care which supports the needs of all pupils.
HIGHGATE SCHOOL GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 JULY 2022 ACTIVITIES OF THE SCHOOL (continued) PUPII Wellbelng (continued) Further to the School's work on anti-sexism and sexual Violence last year. this year saw the development of a pupil survey to gather more inforniation about pupils, own experience5 in School. out of School and online. This was conducted in the Michaelmas Term and the results of the survey were then used to inform the update to the school's anti-sexism su7tegy in March 2021 Key attions from this are already underway. including the introduction of an anonymous online rerting system for pupils. a review of the confidentiality and reporting procedures (using pupil voice to infom changes), and changes to the sancrions system. Furthermore. pupils from the Middle School and Sixth Form were supported to rLFn an anti-sexism pupil fornm with peers from schools across London in March 2022, promoting discussion of issues important to pupils and empowering them to continue campaigning for anti-sexism in their own schools. Pupil engagement has been a central part of our pastoral work in this area and the new pupil Wellbein& Inclusion and Safeguarding Commtttee (WISC) ha5 played a key role in shaping policy, communication. trdinin& and school Cultu and has plans to develop this through focusing on anti-racism. anti. bullying, and anti-ableism next year. lft response to recommendations in the Haringey and Independent Reyiews. a full review of the PSHE curriculum has been undertaken, including input from pupils and some parents, and new 5¢affing Structure. including a Head of PSHE, put in place for September 2022. Further work on incorporating pupil and parent voice into the ongoing development of the curriculum is planned. and a staff trnining schedule is in place for 2022-23. The function of PSHEE and RSE teaching has been reframed to focus on developing 'agen¢y, belonging and competence, amonN pupils. The success of this will be measured in a number of Yrdys. includini. pupil, staff and parent surveys- reports- assessmenc and eydluauon of behaour trends across the School. Other. ongoing, focuses for pastofdl improvement are development of a Gender Identiry Policy and Online Safety Policy, actioning the recommendation5 from the Bursary Working Group including implementing Junior School bursaries. and beginning to develop a parent partnership agreement to stren8then working relationships beNeen the School and our parentslcarets, and development of our anu-bullying policy. The pastoral team organised a number of pastoral presentation evenings for parents and rerS covering such topics as 'Talking to Young People abou¢ Online Activity, and 'Addressing sexu Violence Concerns with Young People,. There have also been ongoing staff training sessions on issues such as vdting disorder& bereavemenE anxiery. FGM. and racism. A new Director of Wellbeing. who joined u5 in November, ha5 focused on the development of the wellbeing service in response to the increased need since the Covid-19 pandemic. including the introduction of a Pupil Wellbeing Practitioner. increasing the number of counsellors. and worf(ing on the introduction of parent practirioners in the Junior and Pre-Prep khool* This will ensure a holisuc approach to prioritising pupil wellbeing and ensure that staff, pupi15 and parents are supported in taking care of our pupi15' fflental health. The Tellmi app (formerly known as Meetoo) ha5 a150 been introduced for pupi15 as an individual and peer support tool. The Director of Wellbeing will be working closety with the app's engagement manager to identify themes and trends which will inform the styategic development of the wellbeing service and a proaccive approach to wellbeing and mental health. Staff Wellbelnz The Staff Wellbeing CoMmite (comprising staff from all parts of the School), was re-invigorated to include greater diversity of representatives and now meets half-ternily. The Agendi Minutes and Progress reports are all publicised and uploaded. along WTth other resources. onro the newly created HR and Wellbeing section on the staff Incranet. In the Lent Terni, consultants were appointed to help develop a staff wellbeing srrategy. They reviewed all the relevant documentation (staff surveys discussion group feedback relevant staff data e.g. absencelsickne5s, policies etc), met wth key stakeholders, and cOndUd focus group meetings. Their findings are being shaped into a strategy Centred around four key objeccive5: Embedding Staff Wellbeing (i.e. delNering clear. cohesive and
HIGHGATE SCHOOL GOVERNORS, REPORT (contlnued) FOR THE YEAR ENDED 31 JULY 2022 ACTIVITIES OF THE SCHOOL (continued) Staff W¢llb¢ln¥ (contlnued) consistent provision); Menol WellbeinK. Line Manager TraininK. Staff Culture. They have also recommended that we appoint a part time Head of Staff Wellbeing. In February, 15 members of staff complrfed an excellent trwo4ay Mental Heath First Aid Course and are now identifiable as points of conoct for staff: they wcaded their training to staff during the Summer Terni INSET. The HR team has continued to develop its famity and wellbeing policies and over 20 staff volunteered to take part in discussion groups reviewing the Menstruation and Menopause licy. similar processes will be adopted for looking at other policies. HR delivered a module of related management training at London Academy of Excellence Tottenham in JanLWY. Surtolnoblllty Work is progressin8 wdl in Environmental Sustainability and we're gaining an increasingly positive reputation for our work in this area. Environmental Education has been successfulty embedded into the Pre-Prep (through the Forest School progrnmme).. the PrtrPrep Eco Council held regular lir¢er pick5, set up a gardening club and worked hard to promote their messages of reducing our water usage to parents, staff and peers. They also helped to promote our new Walk to School on Wednesday initiative. Through the Junior School Eco Council there were campaigns to improve air quality in the area surrounding school and reduce waste in the canteen, a5 well as and the planting of over 1200 5aplin85 along Hamp5tead Lane. In the Senior School, aspec¢s of Environmental Sustainability are taught acr055 the curriculum and through specialist initiatives, such as. the Year 9 'Sustainable Futures. Cross Curricular project (physics. geography and Design Technology and Engineering {DTE))- Capacity has been added to the team through the appointment of an Environfnental Sustainability Researcher and Project Officer. A biology teacher is the chair of the London Schools Eco NetworK' in the summer terni, she ran an extremely 5ucce55fiJl CPD Conference for staff from over 40 London schoo15. The Senior Deputy Head responsible for Sustainabiliry Spoke at the Brighton Council CPD Conference, and various other 'climate and nature. training sessions have been run for staff this year. In the Lent Terni. Fast Fashion Free February {an inktia(ive that vfts started at Highla four years ago) gained traction nationally. Other successful eyenrs this year have included: the Clean Air Day campaign.. a 'Green Guide to a Sustainable Summer, digital magazine. No Mow May. and the Mock Cop 26 (with parmer sch¢xJls}. In January, a delegation of pupils from the Environment ComMite attended the E5tate5 Committee, arguing that the school should join the Let'$GoZero campaign - something which was later approved by the full governing body. We have been working the carbon mit1On specialisrs. Powerful Allies. and will now seek to identify carbon mitigation strategies and better use of data anatytics through good Esiate Managemeni prdctice {e.g. completion of upgraded Elettrical Sub Station Projett on Bi5hop5wood Road- conversioft of sodium lighting to LED Lighting in Mallinson Sports Centre hall,. and control valves on boilers to reduce gas use by l O-l 5%. Our building services designs for maior projects are planned ¢0 be carbon zero. e4. through the removal of combustion heating. An Associate Member (of the Governing Body) has been supporting our work on transporc A survey in December. completed by over 16CQ pupi15. showed that 32% come to school by car. though only 21 % indicated thai given the choice. it would be their preferred mode of transport). Actual car usage declines with age as older pupils use more public transpo though school bus usage remained low. The Environmental Sustainability Trips Policy has seen staff reducing long and short haul flghts and using the carbon offsetting company MyClimate.com. 10
HIGHGATE SCHOOL GOVERNORS, REPORT {¢¢>nt1nd) FOR THE YEAR ENDED 31 JULY 2022 ACTIVITIES OF THE SCHOOL (continued) Incluslon and Dlverslty Inclusion sit5 ac the heart of wellbwn& safeguarding and pastordl car& helping every member of our School communsty feel a true sense of belongin& safety and that their voices are heard within the parameters of the Equality ACE 2010 and beyond. We have been continuing to work an creating an inclusive curriculum. In the Pre-Prepardtory and Junior Schools there has been much work to increase representation. A highlight wa5 the Year 6 World Expo Project, in which pupils researched the culture of capital cities across the world, looking at diversity in rerms of religion, ethnlciry, gender. languages, and pride celebrauons. In the Senior School. Neurodiversity Sociery vns set up to add to our other socieues (such as Feminist Society, African Caribbean Cultural Affinity Group and Pride Society) which offer pupils a safe haven to be curiou5 and empathetic. In Geography. Year 7 had a lesson on 'How migrants often have a "single story" attached to them,, analyslng how (he media can represent immigration. Year 8 Drama focused on neurodiversity through The Curiou5 Incident of the Dog in the Night Time. In Classics Week pupils gave talks abour Sappho and the expression of same- sex love between wornen in the ancientworld. During Black History Month, Junior School pupils heard an assembly by Bigfoot Arts Education on Generation Windrush. while pupils in the Senior School organised an assembly in partnership with peers at London Academy of Excellence Tottenham (LAET) and London Academy of Excellence Stratford on the 'Proud to Be. theme. The PSHEEIRSE curriculum has seen some maior changes. With pupils. created and delivered an allyship progrdmme for Years 7 and 8 and a bystander programme for Year 12. Both were designed to ensure that pupils understand the importance of different types of acuon5 and interventions in creating a safe environment for all. Our Anti-Sexism and Sexual Violence (AS5V) attion plan was updated in July 2021 and March 2022, and refflects further suggestions from pupi. parents and carers, alumni and sraff, and incorpordtes recommendations from the Independent RevivN and Haringey's Safe8uarding AudiL Pupil voice remains a critical part ol our inclusion work All pupils in che Senior School were invited to engage in a listening exercise. an opporcunity to ask que5uons and share thoughts about the Independent Review. Pupils, teachers and parents have been involTl in the Bold Voices Ambassadors Progrnmme, and in September six Year 13$ attended a Governors. meeting to feed back on the School's ASSV response. The pupil-led Feminist Sociery developed a training session on Peer-on-Peer Abuse for thejanuary joint INSET with LAET. In March 2022. pupils from Highgate hosted our first anti-sex15m pupil forum, a day of workshops and talks on the subjecL We have worked with FLAIR to build an anti-rdCiSI culture via an online performance tracking tool and by providing data-based solutions. and continue to hold focus group sessions with parents and carer5, for example on proposed peer relationships and peer-on-peer sexual abuse surveys. The Junior School delNered parent talks in September outlining its culture. ethos and expectations and how parents can support them. Diversity and Inclusion topics are shared with parents and carers in the new weekly Junior School Teaching and Learning Bulletin, and parents had the opportunity to feed back on the Pre-Prep and Junior School Inclusion Plan. A key theme that came out of these discussions was the need to further engage parents on the topic. as well as to strive to break down social barriers for parents. Four HEhte senior leaders attended the inaugural African Caribbean Etion Network {ACEN) conference, run by a group of ack parents of pupils at London independent school¥ ACEN
HIGHGATE SCHOOL GOVERNORS. REPORT (contlnued) FOR THE YEAR ENDED 31 JULY 2022 ACTIVITIES OF THE SCHOOL (continued) Incluslon and Dlverslty (contlnued) has since facilitated a workshop with parents and carers of pupils who are Black or from mixed or multiple ethnic groups (of which one is Black). We have regulady trrined staff on inclusion. for example through INsEf sessions on peer-on-peer abuse, language. the law, and on the lessons that we can learn and have learned from the testimonials. The Director of Inclusion provide5 guidance on an Individu and group level. such as Thning 5e55ions for the Pre-Prep on inclusive language and unconscious bias. Staff across all three schoo15 have also received trainin8 on responding to racist behaviours and language. To recruit and rerain a more diverse staff body we have partnered with AMEedeaCherQO and The Prosperity ProjecL We continue to share knowledge among staff. for example a Black History and Anti-racist recommendations list of over SO items and stories of LGBTQ+ pride and alShiP as part of Pride month. Coreers and Employabilfty This year, the careers and employ2biliEy programme continued t¢ adapt to a hybrid approach of online and in- person activity. The second annual Virtu Careers Fair was held in March (for Years I I to 13) wirh over 250 pupils, from Seven schoo15, attending sessions delivered by 35 speakers from a range of industries. The Year 12 Employability Menwring programme ran for its 5th year with pupils from both Highgate and London Academy of Excellence Tot¢enham (LAET) taking Pa and after-school and lunchtime "Industry Insight" talk5 Continued to be popular with pupils from Highgate and partner school& 96 fomer pupils and parents supported on-site Cer$ evenrs throughout the year including former pupils, panel talks for pupils in Years 9 to 13, the Year 10 Employabiltty Day and the Year 12 prdctice interviews: many others supported the programme by sharing their advice to pupils through the digital careers Subject guides. Pupi15 continued to acce55 1-2-1 se55ion5 with our Careers and Employabilrty Specialis[ to engage in virwal work experience opportunities (with over 117 programme enrolments in the year via our online work experience platforni. Springpod} and to take part in additional in-person opportunities which were created in collaborntion with fornier pupils. parents and other ex*rnal partners. 12
HIGHGATE SCHOOL GOVERNOR5. REPORT (contlnued) FOR THE YEAR ENDED JI JULY 2022 OBJECTIVES AS A CHARITY 2021-22 In 2021-215pecific charitable objettives included: To embed Highgate Is Here as our enduring charitable campai8n. coverin8 three areas.. bursaries. partnership5 and responding to emerging needs in OLtr community. The latter includes learnings from our response dLsring the COVID-19 pandemic. such a5 digital access and support for those facing hardship. To continue prepardtions to extend the School's bursary provision to the Junior khool to allow children to attend lga(e on means tested fee assisted places from Year 3. These were in addition to our continuing objective5: To continue our commitrnent to 5uppor¢ as the primary educational Sponsor. London Academy of Excellence Tottenham, which provides an academicalty selective. well-governed sixth forni free school in a local community where such opportunitie5 are lacking To enable teachers co gtve some of their time to local state schoo15 in mutually beneficial ways. so that more children can have access to the excellent teaching and enriching attivities that Highgate pupils enjoy every day and Highgate teachers develop profes5ionalty by teaching different pupil cohorts: To award a significant nunber of bursaries so that children for whom Hi8hgate is the right school can access the excelleni teaching and enriching activities that Highgate provides, when financially it would otheThvise not be possible- and To grow strong and sustained links with schools. charities and similar organi5ations within our School's local community. ACTIVITIES OF OUR CHARITY Partnership Teachins and Summer school Chrysalis. our partnership teaching progrdmme. now works with over 50 5choo15 across all phases of education, as well as special educacion and virrual schools, in boroughs across London including Haringey, Camden. Islington. Ealing and Newham. All three Highrdte schools tontribute to the delivery of our partnership traching projects. At the heart of partnership teaching ar Highgate sits the London Academy of Excellence Tottenham (LAET). LAET'S exam resvlt5 were especially impressive following rwo years of COVID-disrupted teachin& with 49% of grades awarded being A or A and 76% A_8. This compares favourdbty with 2019. the last time students sat exams. when 31 % of grddes aarded were A A and 70% A* B. Nearly two-thirds of LAET students gained entry to Russell Group uniYer5iues. including I I maknng it to Oxford or Cambridge. This 15 in marked contrnst to the 1% of Totcenham school leaver5 attending Russell Group universitie5 prior to LAET being founded. Michaelmas Term Saw the Chrysalis team take its first tentatlve steps tONYdrds restarting a full programme of projects with partner schools. Such was the enthusiasm that by the end of the term, m05t projetts were back up and running in-person. Pandemic-driven innovauons such a5 the use of video conferencing technology have been retained where helpful, enabling geogrdphitalty distant partner schoo15 to engage remoteby with events such as talks by higher education institutions. The Chrysalis team organised mock university inteThiews for approximately 250 pupi15 frorn 13 schoo15. Interviews were conducted online by teachers from Highgate and LAET as well as professionals with relevant experience In fields including Medicine and Law. 96 teachers and support staff were invofved. The interview format replicated, as much as possible. the "real thing" and many pupils spoke of feeling much more confident as a resulc 13
HIGHGATE SCHOOL GOVERNOR5, REPORT (contlnued) FOR THE YEAR ENDED JI JULY 2022 ACTIVITIES OF OUR CHARITY (contlnued) Partnershlp Teathing and Summer School (contlnued) 2021-22 saw the in¢roduttion of new projects with mutua]i¢y at their very core. part of a concerted effort ¢0 learn from our partners. We have atted as a delivery partner with MESME Maths Circles. which sees small groups of pupi15 working on Maths problems under the guidance of a Maths mentor. The initial cohort of18 Year 7 pupils were recruited from 3 local partner schools, wtth Hhgate Maths teacher5 acting as mentors. Our teachers receive trnining and resources for the progrdmme. MESME benefirs from Chrysalis. existing relationships with state schools while pupils benefit from being stretched and challenged by the excellent course material. In similar vein. engineering and environmental consultants BWB were Instrumen in devising and running an engineering and 5U5tainabiliry Chlenge for 60 Highgate and partner school Year l O pupils. They provided rdluable trnining on engineerin8 solutions to the staff involved as well as engaging pupils with a realistic and stimulating problem. The Primary Summer Schools f¢xused on explornuon and discovery for Year 4 and Olympic inspiration for Year 5. Over 130 pupils were led through excitsng acrivities in Drama Scienc& Maths. Design Technology and Engineering IDTE). and British Sign Language. Year 5 pupils were introduced to sports inclLtding Fives, hockey, dance. and orienteering. The Years l O and 12 summer schools kicked off with a team-building moming expertly delivered by Wise Up. Academic lessons led by Highgate and LAET teacher5 Pushed Students in subjects they were interested in scudying at A level or University, while career5 and employabiliry sessions focused on showing participants how to creare or develop their CV and personal statemen¢ and to think about what relevant experience they could gain to help them decide on a career path. There were also visits to Oxford colleages and talks from Cambridge and Nottingham universitie& Feedback from participants. parents and carers across all project5 is critical to informing how each of our partnership teaching projects develop over time. Over 90% d respondents to our feedback surveys for the summer schools, for exarnpl< either scrongly agreed or agreed that they had enjoyed the events. A similar proportion of respondents Strongly agreed or agreed with the statement abo being more ambitlous about their future after the summer school. We continue to work to strengthen our relationships with partner schools and Owdnisations and to explore new ideas for partnership teaching projects. Pupll Volunteering and Community Partnerships Highgate pupils engage in meaningAIl volunteerin& fundraising and donation ac¢ivities vthich promote engagement with thewider communiry and encourage reflection. The Pre-Preparncory School ran its first commLtrnity partnership project with Enquiring Schools: Hi8h8ate staff and eight local teachers ran class-based research projects, which they presented to the resr of the group. The programme will run again this year. In the Junior School, School Science Club and Partnership Drama earty morning Maths Club and Choir all welcome children Irom parcner school5. We rdn a series Of Community Days for each Year 9 class to enable our pupils to invest in our School's ethos of helping others and caring about our loc communityes. Volunteers spent time improving our outdoor classroom, with partner schools including Hi8hgate Primary, stmichaels.and Brookfield. and with our local partner charity Heath Hands. doing outdoor conserydtion. Year 10.5 Environment Morning engaged them in activities aligned with the School's V+ider environmental and consenrtuon aims, alongside complementary community organisation5. It coincided with the wider school Clean Air Day initrauve. which involved activities such as litter- picking with Heath Hands, environmental and conservation public engagement surneys with Citizens UK. and work with Highgate's Head Gardener and Estates T&Am to Promo biodiver5iry Oll the School grounds. Year 7 and pupils are in rhe Charity and Community Action society, inspiring and planning fundraising and volunteering efforts throughout the year, such as bake sales and non-unifonn day. 14
HIGHGATE SCHOOL GOVERNOR5. REPORT (contlnued> FOR THE YEAR ENDED 31 JULY 2022 ACTIVITIES OF OUR CHARITY (continued) Pupil Volunteering and Communlty Partnershlps {contlnued) Pupi15 and $ff from Highr4te and LAET welcorned the return of our biennial charrry fitndraising sponsored walk in October 2021. The combined efforts raised a total of £55.238for our five pupil-selected charities ActlonAid.Alexandrn Wylie Tower Foundation, Battersea Dogs and Cats Home. Extra Cover Sri Lank4 and World Land Trust. In addition. each Senior School year group ran a series of fundraising and awarene55-raising activities for their charities of choice. such as pupil busking. Su$1nabI¢ fes¢ive jumper day. and bake sales. which raised over £5,OLKI. We took in-kind and financial donations to support our chosen Ukraine charities UNHCR, Link to Hope. and D¢xtors for Ukraine. We sent out vttal supplies. includin8 phone5. wheelchairs and crutthes, clothin& and sanitary products, as well raising over £1 0,200. The Community Partnerships deparunentf05tered Highrdte's partnerthip with Food Bank Aid charity, enabling all pupils and staff to donate food and other non-perishable in-kind donations. We amassed 32 car loads worth of items, feeding more than 325 families throughout the year, extending through to the Summer break when need is greatesL We maincained our commicmenc to the LFnk to Hope Shoebox Appeal, sending about l 00 shoeboxes full of festive 8ifts to parts of eastern Europe. and donated a load of books to the Children's Book Project and Kenwood House. The Sport and Exercise (SPEX) department continued their charttable work in the borough, h05ting competitions. training courses. sharing lacilities, providing expertise and supporring workshops. We ran the annual Chrysalis Summer School and the Haringey Dance Festival, and hosted the Middlesex Netball final. Senior pupi15 gave back co the School through their leadership and volunteering in ¢oa¢hing and officiating. SpEx's ernal partnerships grew to Include The Well HQ [ferne health and sport). SportUSA (US Scholarships) and we participated in two important national campaign5,' Let Gir15 Flay (Gids Football) and Sconewall (Inclusion in Sport). In June the department organised a national Conference called Sport in Her Shoes, focusing on leading research and best practice provided by The Well HQ. 150 partbcipants from UK and Internattonal Schools attended the tsyo-day evenL Following this the Director of Sport and Exercise is delivering a new whole school 5rrate8y which look5 at education through the ftmale lens in. and beyond. sport. Bur$arles I I pupils received means-tested fee remission, of v•horn 56 received ICrf)% fee remission. consistent with our policy ¢0 concentrate bursary avArds amongst children whose parents or carers are able to pay very little or none of our fees. In addition. 14 pupils were &'ven grdnts ¢O%Ydrds the cost of unrforni and £ l 0.000 was allocated to enable bursary holders to participate in trips for which there is a charge - request for trip support increased significantly from the Summer Terni onrdS. Through donarions from former pupils (Cholmeleians) and parents, our School also assisted with £28.733 towards the costs of irbstrumental music lessons and additional expenses for bursary award holders. The total value of our bursarial support was £1122.532. Of this figure. our School funded £1.923,236. Eighteen of the I I I Senior School pupils receiving means-tested fee remission were supported by the Friends of Highgate School Society {a re8iStered charity, no. 1056624) which concributed £199.296: of this 18. 14 received assistance to help with the continued financial impatt of COVID-19. We improved our pastoral provision by establishing a irtU Head of House. for bursary pupils focusing on providing support for their wellbeing and academic progres5. as 11 as being a key point of contact for thelr parents and carers. Bursary leavers were asked to complete a ftedback $uNey, speaking with colleagues in the Development Office- the responses will help u5 learn from their experience$.
HIGHGATE SCHOOL GOVERNOR5. REPORT (contlnued) FOR THE YEAR ENDED 31 JULY 2022 ACTIVITIES OF OUR CHARifY (continued) Bursarles (continued) We are delighted to be introducing Junior khool bursaries into Year 3, in September 2022.. we have avrnrded four bursary places for 2022-2023. Much work has gone into ensuring the Junior School is a welc¢)ming environment where these children will thrive. with their pastordl needs SLtpported. A full statement of our policy on bursaries 15 available on our website- there is also further information available for parents and carers within the admissions section of our websic Costs assoclated with charitable artivities In addition to the funding associated with bursaries. approximatety £1.260.¢ refiects the associated salary costs for the year (including pension and employerfs national Insurdnce) of our Community Partnerships Director, Admissions Officer (Widening Access), the Share of staffing costs associated with partnership teaching programme (including 9.1 full-¢ime equivalent of staff seconded to London Academy of Excellence Tottenham (LAET)) and our Chrysalis Fell0v. Around a further £70,OIXI wa5 also spent during the year on the running costs of our work on partnership teaching and Community partnerships+ including transpo equipmenL and visits to venues. FUTURE OBJECTIVES As stated earlier, in September 2020, a new development plan for the period 2020-25 launched. This plan brings together our current school priorities, the measures V will take to raise standard5 further and the changes we are planning to bring about better outcomes for our pupils. The plan inclu¢Jes objective5 which are unlikely to be achieved without deliberdte or renewed. coordinated accion. Many critical aspects of HIghte School always remain at the forefront of our thinking throughout- pupil welfare. for example- and are nor therefore included unless they are the focus of change or particular developmenL This development plan will continue to inforn) our objectives over the next few year 16
HIGHGATE SCHOOL GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 JULY 2022 GOVERNANCE Structure* governance and management Our Governor5 (listed in the next section), who are our ChariW5 Trustees, are responsible for the governance of our School. Highgate 15 governed in accordance with our Scheme of Governance, dated I September 2005. a5 amended, and our Governors are rnembers of the Body Corporate of "The Wardens and Governors of the possession& revenues. and goods of the Free Grammar School of Sir Roger Cholmeley. Knight in Highgate" Management is under the direcuon of our Head. Our full governing body meets at least six times a year. The following four su&committees all meet at least three umes a year. ( l) Financ< Audit and Risk Committee. (2) Estates Committee, (3) Nominations and Remuneration Committee and (4) Safeguarding Committee. Govemors drawn from the sub-committees meet periodically to review the ethical dimensions to school policies and, where required, to consider significant matter5 of educarion policy or prnctice. The Nominations and Remuneration Committee is responsible for overseeing succession planning to ensure our governing body conn$ appropriate diversity. experience and sknlls, and making recommendations to Governors about recruitment processes for new Governor5. Recent appointments have involved athertising roles withln our School cornmunity prior to a sifung and interview process. new Governors receive induc¢ion training. The Governing Body can also appoint associate members to serve on one or more ofthe sub-committeeslworking groups andlor to attend full Governing Body meetings. Associate members are often selected to draw on expertise and experience from ouiside the Governor membership. Currendy an a550ciate member serYe5 on the Estates Committee and on the Susrainabilrty and Enwronmentsl Exetutrve Commit. In considering the pay and reffluneratFon for the Schoofs key management personnel. the Nominations and Remuneration Committee, in reaching recommendations for our governing body. consider the nature of the role and respon$ibili¢ies, trends in pay and competitor saiarTres in the won available from publicly available sources. Management The day-to-day running of our School is delegated to our senior leadership team. The Head, Adam Pettitl exercises the functions of Chief Executive in leading and direcTing the SenÉor. Junior and Pre-Prepardtory Schools, and report5 to the governing body. The day-to-day responsibility for management of the Junior khool and Pre-Preparatory School is exercised by che respective Principals. who report to the Head. New Principals will take up their p05ts in September 2022.. Philippa Studd (Principal of the Junior School) and Sally Hanc¢xk (Principl of the Pre-Preparatory School). The Head is assisted in the Senior School by two Senior Deputy Heads, Todd Lindsay and Louise Shelley, a Deputy Head {Academic). James Newron. and a Deputy Head (Pasrordl), Rebecca Golland together wich a number of Assistant Heads. The Bursar, John Pheasan¢ is responsible for the management and leadership of support staff. and the financial administration of our Sch¢>ol, and reporcs ¢0 the Head. The Bursar also acu as Secretary and Clerk co the governing body. in which role he reporrs directy to the Chaimian. The Head, Principals of the Junior and Pre-Prepardtory School& Deputy Heads and &Jrsar make up the Strategy Management Committee. 17
HIGHGATE SCHOOL GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 JULY 2022 GOVERNORS WHO HELD OFFICE DURING THE YEAR ENDING 31 JULY 2022 FA&RI Estt¢sl Nom&RemJ S#ftsguardln Mark B4rb•r MA MRICS FRGS FPSA Brlan Davidson MD FRCS MB Ch8 MD FACPSIGlyl FRCSEIHonl Deputy chrnian Joan Dwlandes BEdlHons) MA OBE Katherlne Hyne5 aAIHor15) Med NPQH Resised 5 Ortober 2021 Sam Klng QC MAICantabl Saral MarkaTrdy MBChB Msc MACGP DKCOG Leonle Morel MSCM Kumar P•nl BA LLDip Aly Patel MA MBA Tr8a5urer Robert M Rothethrg MBE &A FCA A Chalrrnan Paul Rothwell MA Daniel WIddkom MA l Member olthe Anafit< ALKlit & ATrsk Commit J Member ol the Estates Commit J Member ol the NominaOnS and RernUnerati Cornmitt 4 Member ofthe Safegtyardin8 Ct)TThrth.
HIGHGATE SCHOOL GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 JULY 2022 ADDRESS OF SCHOOL Highgate School North Road Highgate London N6 4AY REGISTERED CHARln NUMBER 312765 AUDITORS Hayynacintyre LLP 10 Queen Srreei Place London EC4R IAG SOLICITORS Farrer & Co. LLP 66 knncoln's Inn Fidds London WC2A 3LH BANKERS Coutts & Co. St Martin's Branch 440 Srrand London WC2R OQS INVESTMENT MANAGERS Brewin Dolphin 12 Smithfield Street London EC IA 9BD PUPIL NUMBERS AND FEES Pupil numbers were 1.883 in September 2021. Our fees per tern). in 2021-22. were £7.200 in the Michaelmas Term and £7,360 in the Lent and Summer Ternis (Senior School). £6.600 in the michaelm Term and £6,750 in the Lent and Summer Terms Uunior School). £6,235 in the Michaelmas Term and £6.375 in the Lent and Summer Terms {Pre-Prepard¢Ory S¢hool)- Our fees are inclusive of lunch. the use of book5 and stationery, and practically all other extras including fvture lrfe membership of our alumni society (Cholmeleian Sociery}. fld work, one residential trip in Years 7. 8 and 9, aftd day visits in curricular time. FINANCES Total fee Income in 2021-22 £38.399.127. The opernting defic[¢ £1.151156. GoYernor5 conunue their strategy of deploying 1 net incoming resources to investing in the School and Charity to ensure that Highgate keeps, and indeed work5 co improve further. its position as a successful place of learning and all-round educational excellence. In the current financial year, £10,013,362 VAS spent in respect of this Investment programm& ensuring that the nee¢Js of succeeding generations of pupils are me( a5 well as the currenL Investments included the Dining HalllKitchen refurt*ishment and a new building to provide additional ceiching space5 in the Pre.Preparatory School. 19
HIGHGATE SCHOOL GOVERNOR5. REPORT (contlnued) FOR THE YEAR ENDED 31 JULY 2022 FINANCES (contlnued) Dlverslfylng nofvfee income The School contlnues to offer paid-for courses ar the Mallinson Spor¢s Centre and facilitace filming opportunlties. Further work is being undertaken to explore other non-fee income opportuniries including let¢ings. hirings and wider opporninities such as another school and provision of a pre-school offering. Fundraising approach and perfornhknce We undertake fundrdising acttvities within the sthool communtty via direct mail. relephone. community parricipation activities (such as our pupils. sponsored walk), fvndraising even solicitation of individuals, crowdfunding campaigns and email in line with the Fundraising Code of Prnctice set by the Fundraising Regulator. Fundraising is overseen by the School's Development Office by sraff all of whom haye detailed job descriptions associated with th*r roles and receive appropriate training to reinforce our fundrdising ethics. We are registered with the Fundraising Regulator and adhere to the standards of the Fundraising Code of Practice, and act in accordance with the terms listed in the Charity Governance Code. Fundraising activitie5 are open. fair, honest and respectful.. the School does notfvndraise from constituents who are considered vulnerable or in circumstances which mean an individual is unable to make an infonned decision. No fornial complaints were received about fundraising activity in the year. Trustees receive reguiar reports regarding fundraising a¢t¢vity and perfonnance. The year saw donations toward5 bursaries. partnerships. gener fund5 and capital projects. taking the total received and pledges from parents and Cholmeleians in the year 2021-22 to £1,004.104. Buildin Governors remain committed to continuing to invest substanrially in upgrdding and where necessary. renewlng current academic facilities, to ensure that our physical estate rneets all emerging requirements to a high standard. Our current prioritie5 include improving drarna. musi4 sports and sixth form facilities. plu5 renewing Services to, and reconfigurin& our Senior School's Science laboratories. Additionally. in a drive to maintain OLFr fir5t-rate facilities, our School continues to preserve its historic buildings to improve the look of our School for the benefit of staff. pupils and the local community. Consequentty work viill continue. as part of our extensive capital developmeni programme, in up8rdding teaching fa¢ili(ies and repairing the fabric of our historic buildings. In preparation for a number of planning application5 that ¥e being developed, a Supplementary Planning Document (SPD) for the School's es¢ate VA5 adopted on 9 March 2021. To contribute tovrdrd5 the funding of this proyamme. the School entered into a private placement in July 2019 for £60.¢xIO,000 details of which are set out wtthin Note I l a to the Accounts. Speclflc invertment powersg pollcy and perfomiance The governing scheme affords our Governors powers in line with those generally applicable to charitable foundation5. Any investments acquired by our Governors during the year ending 31 July 2021, have been acquired in pursuance of those powers and within the Statement of Investsnent Policy that our Sch¢x>I has with our Investment Manager5. Brewin Dolphin. The Invescment Objecuves aims for a toral annual return over rolling three-year perio& of at least infiauon (RPI) plus 4%. As of Ocwber 2021 perfonnance againsc this objecuve wa5 an annualised return for the rolling three-year period of 3.4% against an annuali5ed return for RPI plu5 4% of 9.PA. 20
HIGHGATE SCHOOL GOVERNORS. REPORT (contlnued) FOR THE YEAR ENDED JI JULY 1022 FINANCES (contlnued) Re5eryes Poli¢y In common wich other independent schools, Highga¢e does not have free reserves readily ayailable to spend on any of the charity s purposes. As indicated on our balance 5heeL at the year end. our School had total funds amounting to £79.912.654. This was split between endowment funds of £29,287,184, of which £27.789.363 related to the net book value of the original endowed property of our School (principalty consutu¢ing our main island site in our Senior School), re5tritted funds of £3.886,842. namely donations (including pledges) received for Specific purposes, and, the remainder. unrestyic¢ed funds of £46.738.628. The unre5tricced funds reflect the residual nvestmenr tha¢ our khool h35 made over the years in the fabric of our building and facilitie5- It 15 not readily available for spending. The Governors therefore monitor the day-to4lay operations of Highgate through management of good budgeting procedures and cash-flow. to ensure that it can meet the ongoing needs of the operdtions of the School and continue to invest in the fabric of the estate and educational provision. Governors are 5atrsfied that we have Sufficient available cash and facili¢ies to deliver our sts7*gic objectives. Risk Assessment Processes are in place to identify risks under the headings of Aimslobjects, Law and Regulation, Governance and Mat)agemenL Academic, Extern Factors. Operational. Human Re50urce5. Environmental, Technological and Financial Risks. and the necessary MiutiOns. and a55essments and controls exabtished to manage these are kept under regular review by our senior management and our Governors, Finance, Audit and Risk Committee. The main risks that have been identified, and the pknns to manage those risk& are: P0litFC challenge to Highgate's chari¢able scatus. This risk is managed by continually developing our nationally-recogni5ed educatyonal partnerships to become a blueprint for change in educauon. Being a charity is at the heart of who Highgate is. Challenges to the financial viability of independent schools by Increases co costs largety outside the control of schools such as VAT. pension cosrs or inflaiion (such as enery c05ts). This risk 1$ managed by taking opportunities to engage Contacts in main political parties and other key individuals about the true impact of putting VAT on school fees and introducing significant further pension increases. In addition. Governors keep under review costs of current pension Schemes. Energy costs are Monired ¢0 identify where reduction in usage can be achieved. Ageing facilities inadequate for modern day teaching and learning. This risk is managed by the capital programme which aims to addres5 the School's academic requirements by foctssing on buildings in significanc need of repair5 and renewals. Reputation of the education and well-being of our pupils and the attivities of our School. This risk is managed through relevant policies embedded V+ithin our School through meetings. committees. staff and pupil awarenes5, and having nominated senior managemeni responsible for specific policies. Policies Include.. safeguarding policies, staff recwitment policie& and health and safery policies. Other area5 of focus include security and personal safety. In addioon. our School uses professional advisers when necessary. Affordability of school feesladverse change to economy. This risk Trs managed by reviewing carefully annual fee increases, looking at Possible aspects of the educauonal and ¢harirable offering that could be reduced if absolutety necessary, controlling coscs the impatt of which would haye a minimal educational impact and looking to diversify income by identsfying meaningful non-fee income opportunities to reduce the current Significant reliance on fee income. Income and a ca5h-flow to deliver the educationa] offering for the present and continue to invest in our School and Chariry, including our fabriG for the long-cerni future. This risk is rnanaged by maintaining pupil numbers. identyfying and resolwng any trends associated with any leavers, looking at non-fee income initiatives, including fundrrising and borrowin& and ensuring active ca5h-flow managemenc 21
HIGHGATE SCHOOL GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 JULY 2022 FINANCES (contlnued) Risk Assessment {contlnued) Sustainability issues that impatt on our communrry, particularly air pollution. Issue identified as a priority in our development plan. This risk is managed by the Sustainability and Environment Committee and the appointment of an Associate Member to the Governing Body who is helping deyelop some trdvel priorities. Diversity of PLtpils and staff. Issue identified a5 a priority in our deVelOent plan. This risk is being managed by continuing to reviwN our application processes to attract more applications from groups that are considered under-represented. Governors have been proded with assunnce that risks have been adequatety mitirdred where necessary. It is recognised that systems can only provide reasonable, but not absolute, as5Ufdnce that major risks have been adequately managed. Fixed assets The fixed assets are as stated in the balance sheet and further detailed in the notes to the financial statements. They are considered to be available and adequate to fuffil the obligations of our Sthool.
HIGHGATE SCHOOL GOVERNORS. REPORT (contlnued) FOR THE YEAR ENDED 3 I JULY 2022 Statement of Governors. Responslbllities Goverrtors have prepared financial statemeftts for the financial year that give a true and fair view of the 5cate of affair5 Of our School and of the surplu5 of the chariw for that period. In preparing these financial statements, Governors have: adopted Suitable accounting policies and applied consistentlr. observed the methods and principles in the Charities SORP: made judgements and estimates that were reasonable and prudent.. stated that applicable accounting standards have been followed subject to any material deparcures disclosed and explained in the financial 5tatements- and prepared the financi statements on a going concern basis. Governors have kept proper accounting records which disclose. reasonable accuracy at any time, that the financial statements comply with trust law. Governors have safeguarded the assets of the charity and taken reasonable steps for the prevenuon and deteaion of fraud and other irregularities. Governors confirm that the accounts Comply wth the requirements of the Chari¢ies Act 2006 as amended by the Charities Act 201 I, the Governing Scheme. and the Charities SORP 2015. Governors confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. on behalf of the Governors Chairman of the Gove ing dy and Chairnian of Trustees 4 February 2023
INDEPENDENT AUDITORS. REPORT TO THE BOARD OF GOVERNORS OF HIGHGATE SCHOOL INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HIGHGATE SCHOOL Opinion We have audbted the financial statements of Hi8hgate School for the year tftded 31 Juty 2022 whlch comprise Statement of Financial Attivities the Balance Sheer> the Cash Flow Statement and the note5 to the financial statements. indudlng a summary of sigftificant accounting polities. The financial reportins framework that has been applied in their preparation is applitable law and United Kingdom Accounting Standards. including Financ1 Reporting Standard 102 The Pjnoncid Reporting Swndard oppltcobie tn the UK and Republic of Ireland {Unld Kmgdom Generdlly Accepted Accounung Prattice). In our opinion, the financial statements.. give a true and fair view of the sote of the charity's affairs as at 31 Juty 2022 and of the charity's nèr movement in funds for the year then ended; have been properly prepared in accordance United Kingdom Generdlly Accepted AccoUnn8 Practice,. and have been prepared in accordance with the requirements of the Charities kn 2011. Basis for opinion We have been appointed as auditor under section 144 of the Charrues Art 2011 and report in accordance with the Act and relevant regulation5 made or having effect thereunder. We conducted our aLtdit in accordance with International Standards on Auditing IUKI IISA5 {UK)l and applicable law. Our respon5Lbiliue5 under those Standards are further descrrbed in the Auditor's responsibTrlities for the audit of the financi $ratements section of our reporL We are independent of the group in accordance with the ethic31 requirernents that are releTrAnt to our audit of the financial statements in the UK including the FRC'5 Ethical Standard. and we have fulfilled our other ethical re5ponsibiliues in accordance with these requirements. We believÈ that the audlt evidence we have obtained is sufficient and appropriate to provlde a basis for our oplnion. Conclusions r•latin8 to ioln8 concern In auditing the financial 5tatement4 we have conduded that the trustees. use of the going concern basis of accounting in the preparatyon of the financial statements is appropriate. Based or the work we have performed. we have not identified any material uncertainties relating to events or conditions thal individually or collectlvely. may cast significant doubt on the charitls ability to continue as a going concern for a period of at least twefve months from when the financi s¢aternents are authori5ed for issue. Our responsibllities and the responsibilities of the trustee5 respertto going concern are described the relevantsections of thi5 reporL Other Inforniatlon The trustee5 are responsible for the other Informatn. The other information comprises the inforn)atlon included in the Governors, ReporL Our opinion on the financial Statements does not cover the other inforrnauon and, except to the ex¢ent gtherwise explicidy stated in our reporE we do not expre55 any forrn of assurance conclusion thereon. lfi connectyon with our audit of the ffiand sotements. our re$ponsibAity is to read the other inforrnatyon and, in doing 50, consider whethÈr the other informauon is MarIlY Inconsistent with the financial Statements or Cur knowledge obtained in the audit or otherwt5e appear5 to be materialty misstated. If wt identify such ma[eri inconslstencies or apparent material mlsstatemeTrts we are required to determine whether there is a material miss[ament in the financial statements or a material misstatement of the other infcrma¢ion. If. based on the work we have performed, we conclude that there Is a material mi55tatement of this other Information. we are required to repor¢ tha¢ facL We have nothing to report in this regard. Matters on whlch WÈ are requlred to report by exception We have nothing to report in re5pett of the following matters in relatlon to whlch the Charitie5 (Accounts and Reports) Regulatn$ 2C&)8 require us to report to you rf. in our opinion: adequate accounting records have not been kept by the chartty: or sufficient accounting records have not been kepr or the Charity financial statements are nor in agreement wtth the accounting record5 and returns- or we have n*X received the information and explanations we require for our audiL 24
INDEPENDENT AUDITORS, REPORT TO THE BOARD OF GOVERNORS OF
HIGHGATE SCHOOL
Responsibilities of trustMs for the fiMn¢lal sts¢emeThts
As explained more lully in the tnJ5cees' respon5ibilioe5 $tat•Ynt (set out on page 23). the trustees are responsible for the
preparation gf the financial statements and for being satisfied that they 8Ne a true and fair view. and for suth inrTraI control as the
trustees determine is Trece5sary to enable the preparation of finawKd 5tatrments that are free frorn materHI misstateffle whether
dLte to fraud or error.
In preparin8 the financlal sutements. the trvstees are resp¢)n5ible for ?s¥esslng the chartty's abiltty to contlnue a$ a golng concern.
disclosing a5 applieabl¢ Mar$ related to going ¢oft¢ern aftd using the going concern basis of •¢¢ounvng unless the tru$tee$ either
Intend to liquidate the charity or to cease operat& or have no realirric alternative bul to do 50.
Audltor'$ responsibilitles for the audit of the finandal statements
Our obiectives are to obtain reasonawe assurance about thether the financial statements as a whde are free from materlal
mis$tat¢menL whether due to fraud or error. and to issue èn auditor's report that includes our opinion. Reasonable assurance is a
high level of assurance. but is not • guarantee that In cOn¢t¢d in accordance ISAS {UKI will always derecr a materfjal
misstatement when it $ts. miratementS can ar from fra or error and are COndered material if. Indlvldualty or in rhe
aggregite. they could reasona1Y bE expectya ro inknce the ¢¢owthni¢ dE¢i5ions of y5ers tskefi on the basil ol these financial
statements.
Based on our understanding of the charitabk conwny and the environment in whKh it operates, we ideThtifd that the principal
risk$ of non<0mlanceS with laws and regulations related to the regulatory requirerrthts of the Charity Commission and the
Independent Schools Itorate IISII. and we conwdered the extenz to which non
HIGHGATE SCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 IULY 2012 Total 2021 Funds Funds Funds Funth 2022 Notes INCOME FROM: Charftoblt rtrtlvltles School fee5 recwrdble Other eduotlonal income Anclllary tradlng income 3&399.127 441.105 1.3Q1193 38.399.127 441.105 .300,193 36.556,380 234.950 891,430 Bank and other iNrst Investment Income Voluntary sourc Donatlons I IOJ45 4.742 10.354 26.974 63.900 26.308 10541 248.686 75S.418 I,(1.104 1.062.888 T•tsl Income 40.504,198 767.109 10350 41.281,857 38.835.856 EXPENDITURE ON: ROlng fvnds Fundraising and deYebprnt Flnanee Costs Chorltoble oeti¥lties Sthool opEr3ting ¢o$1S 141.722 1.774.0 141.722 1.774.OC#) 113.456 1.774.000 39,n8.098 780.193 40.$18.291 35.743.856 Tot471 expeRdltur• 41.653.820 780.193 42.434,013 37.631.312 NET INCOME {1.149.6221 113.rA41 10,550 1.204.5H Galns on investrnent assets rran51er5 beNeen hjnds (56.3821 {56.3821 305.291 14 1.149.622 11.149.622) Net movement in lund5 (1.149.622) {13.0841 (45.832} (1.208.538) 1,509.e35 lances brought IcThard at l Auwst 2021 47.888.250 3m9.926 29,333.016 81.121.192 79.611,357 Balances urried forwud at 31 july 2022 £46,73&628 £3M86M42 a9.287,184 £79.911654 £81,121,192 AH amounts derive frrAn continuwy attivit All pins and losses recognlsed In the year are InckKled kn the sfment of finamchl acriyit Full cornprauY¢ fyires ftsr the y¢ar endtd 31 Juty 2021 arÈ shown th r 10. The accomp3nyhg notes are arb InteyaTr part of th15 5utsm8nL 26
HIGHGATE SCHOOL BALANCE SHEET A5 AT 31 JULY 2022 2022 2021 Not•s FIXED ASSETS Tangible assets Investments 103.687.26S 1,684,472 96,637,925 1,718,995 105.371.737 98,356,920 CURRENT ASSETS Stock Debtors Cash at bank and in hnd 48.869 3.297.361 49.234.396 40,559 3.635.894 54.925.422 10 51S80,626 58.601,875 CURRENT LIA81LITIES Creditors - dut withii ¢)ne year (13.243.858) (10.n7.9551 NET CURRENT ASSETS 39.336.768 47.873.920 TOTAL ASSETS LESS CURRENT LIA81LITIES 144.708.505 146,230.840 Creditors- due after one year (64.795.851) {65,109,648) TOTAL NET ASSETS £79.911654 £81.121.192 Represented by.. ENDOWMENT FUNDS 12 29,287,184 29.333.016 RESTRICTED FUNDS 3.886.842 3,899,926 UNRESTRICTED FUNDS Designated and general fund5 14 46.738.628 47.888.250 TOTAL FUNDS £79,912.654 181,121.192 The financial statements were approved and authorised for issue by the Goveming Body on 29 November 2022 and were signed below on its behalf by- RM ROTHENBERG MBE BA FCA TA A PATEL MA MBA Chalm7an Treasurer The i¢¢ompanying no are an integrdl part of thls balance sh( 27
HIGHGATE SCHOOL CASH FLOW STATEMEKr FOR THE YEAR ENDED 31 JULY 2022 2022 2021 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES Net income {GiinsllLos5 on in¥estmenrs Depreciation Interest pald Inrere5t and dividend5 r•tWdbl¢ Decrease in stock Iln¢reasel In debtors IncreasellDe¢reasel in ¢reditor5 (1,2.538) 56.382 1964.022 1.774.000 (137.328) 18.310) 338.533 1201106 1,509.835 1305,2911 2,774.413 1,774.C¥)O 190.2081 1.742 (245.731) IMI.010 N•t cash flow from op¢r•tlng ortlvklei 5,980067 7,059,770 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds on sale of fixed assets Purchase of fixed assets Proceeds from sale of iThve5tments Purcha$¢ of in¥esEments (IncrseY Decrease in investment cash Interest and diyidends received (10.013.362) 312,845 (351.9841 17.280 137.328 14.717.744) 273.163 1289.1231 (5.0281 90,208 Net cash umd In InvestlnE a¢tfvltS•9 19.897.893) 14.648.524) CASH FLOWS FROM FINANCING ACTIVITIES Interest pald Cash infl)ws from new bo0 {1.774,OCKI) {1.774,CQOI Net cash umd In Imi¢sdni artlvldes (1,774,OCQ) 11,774,OCQ CHANGE IN CASH AND CASH EQUIVALENTS IN THE REPORTING PERIOD £(5.691.0261 637.246 Cash and $h equbvalents at beginning of period Cash and cash e4uiwdlents at end of reponing ptr 54.925.422 49.234.396 54.28&176 54,925,422 £(S.691.0261 £637.246 ANALYSIS OF CHANGES IN NET DEBT At l Augurt 2021 cashl10 At 31 July 2022 CA$h and cash equtvajents Cash Borrowin8S Debt due within one year Debt due after one year 54,925.422 15.691,026) 49,234.396 (60.OC(J.CW) {60.000.0001 {£5.074.578) 15.691.026) 110,765.6041
HIGHGATE SCHOOL STATEMENT OF ACCOUNTING POLICIES FOA THE YEAR ENDED 31 JULY 2022 ACCOUNTING POLICIES General Information Statement of Compliance The financlal statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102), the Companies Att 2CM)6 and the Statement of Recommended Practice applicable to chariues preparing their accounts in accordance with the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - second edt¢ion effective l JanLRry 2019. The accounts are drdwn up on the hiscorical cost basis of accounting. as modified by the revaluation of investments and reydluation of land and buildings. Having reviewed the funding facilitie5 aydilable to the School together with the expected ongoin8 demand for places and the School's future projected cash flow5. the Governors have a reasonable expectation that the School has adequate resources to continue its ac¢ivityes for the foreseeable fucure and consider that there were no material uncertiwnues over the School's financial viability. The effect of Covid-19 has also been assessed by the Governors and, by reviewsng the charity's ongoing activities its forecasrs and risk5. the organi5ation remains financially viable. With regard to the next 12 months, the most significant areas to be monitored closely by the executive include the continuance of education in School, blended and remote, and the healdK safety and wellbeing of our Sfaff and pupils. Governors will continue to monitor these closely. Notwithstanding the challenges associated Covid-19. Govemors, monitoriftg of performance and wellbeing indicate that overall there has been no si8nificant impact on our actiyiues that cannot be managed. An updated financial forecast ha5 been prepared to assess the impatt of Covid-19 and Governor5 have a reasonable expettation that the School has adequate resource5 to continue for the foreseeable future. As a resylt of the private placemen( any 5i8nificant change is likely to impact on the pace of delivering the capital progrdmme. Accordingly. they also continue to adopt the going concern baws in preparing the financial statements. The School is a Public Benefit Entity re&sred as a cFwiry in England and Wales (thariry number.. 312765). Critlcal a¢¢ountln8 judgements and key sources of estlmatlon un¢ertalnty In the appllcation of the accounting policie& Governors are required ro make judgements. estimates. and assumptions abou¢ the Carrn8 fdlue of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historic experience and ocher factors that are considered to be releTrrdnL Actual results may differ from these estimates. The es¢imates and undertying assumptions are rewewed on an ongoing basis. Revisions to accountin8 estimates are recognised in the period in vthich the estimate is revised rf the revision affects only that period. or in the period of the revision and future periods rf the revislon affecced current and future periods. In the view of the trustee5. the depreciation rates charged are the Governor5 beste5timate of useful economic life for the asse¢ and changes could result in a material adjustment of the carrying amount in subsequent years. 29
HIGHGATE SCHOOL STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2022 ACCOUNTING POLICIES (continued) The following accounung policies have been applied consistently in deIng with 1m$ which are consldered material in relation to School'5 financi starements. Fees and similar earned income Fees receIvae and charges for services and use of the premise& less any allowances, 5cholanhips. bursaries granted by the School ardinst those but including contributions received from restricced funds, are accounted for in the period in which the serlice is provided. Investment income Investment income from dividend& bank balances and fixed irrterest $ecuri¢ies is accounted for on an accruals basis. Donatlons. legacles grants and other voluntary Income Voluntary income is accounted for as and when entidernent arises, the amount can be reliably quantified and the econ¢)mic benefitto the khool 15 considered probable. This particularly impacts on accounting for pledges where the School is notified of income during a financial ye¥ bu¢ ¢he income wll nor ac¢ually be received until a later accounting year. Such income is recognised upon confirn7atyon of entitlement where it is probable that the income will ultimately be received (not on receipc). The detail of pledges 'previously recognised. (pledge5 recogni5ed in eadier years, Accounts that had not been received by 31 July 2021) and 'pledge5 carried fonNard' (a combination of (a) pledges 'previousty recogni5ed' that had sull not been received by 31 July 2021 Ib) new pledges made but not received during the period l Augutt 2021 to 31 July 2022 and {c} any change5 to pledges 'previousty recognised. where 1¢ is no longer probable that the income will ultimately be received) is set out in Note 3b. VolLtntary income for the School's general purposes is accounted for as unresuitted and Is credlted to the General Reserve. Where the donor or an appeal has imposed trust law re5triction5, voILtntary income is credited to the releydnt restricted fund. Expenditure Expenditure is accrued a$ soon as a Itabilicy is considered probable. discounted to present Yalue for longer- term liabilities. Expenditure attributable to more than one c05t category in the Statement of Financial Activities is apportioned to them on the basis of the estimated arnount attributable to each acrNiry in the year. either by reference to staff time or the use made of the underlying as5et& as appropriate. Irrecoverable VAT is included with the item of expenditure to which it relates. Governance costs comprise the cosrs of running the charity. including strategic planning for its furure development. exrernal audi[ any legal advice for the School's Governor5, and all the costs of complying with constitutional and statutory requirements. such as CO of Board and Committee meetings and of preparing sratutory accounts and satisfying public accountability. 30
HIGHGATE SCHOOL STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2022 ACCOUNTING POLICIES (contlnued) Tanglble fixed assets Tangible assets are included at their net book value at the year-end. Expenditure on the acquisition. conKrucuon or enhancement of land and building5 of a capital nature together with vehicles, furniture, machinery. ICT infrastructure and orher equipmen¢ of a capital nature are capitalised and carried in the balance Sheet at historical COSL Other eXpendire on equipment incurred in the normal day-towday running of the School is char8ed to the Statement of Financial Acuyities as incurred. IndividLAI items costing less than £1,000 are normally written off as an expense in acquisition. Depreciation is provided to write off the cost of all relevant tangible fixed assets less estimated residual vue based on current market price5. in equal annual instalments from c¢)mmencement of the projert over their expected useful economic lives as follow5: Freehold Property Furniture and Equipmenc Furniwre, Equipment and IT - Motor Vehicle5 - 2% of carrying ue - 2-10% ¢x 20% on cost - 20% on cosr Included in freehold properties ¥e residential properries ovmed by the School that are le£ on a short-temi ba515, and subjett co short notice periods. The propertie5 are held at cost and Vre acquired in line with the School's continuing devel¢Jpment strdtesy and as such are treated as operational property and not investment asset& Investments Listed investments are fdlued at market ye as at the balan sheet date. Unrealised gains and105se5 arising on the revaluation of invesDnents are credited or charged tt) the Ststement of Financial Attiyities and are allocated to the appropriate Fund according ro the "ownership of the underlying assets. Stork St¢xk represents goods lor resale and is valued at the loVr of cost and net rdisable TrAlue. Fund accountlng The charitable trust funds of the khool are accounted for as unrestricted or restritted income in accordance with the terms of trust imposed by the donor5 or any appeal to vthich they may have responded. Funds The School maintains four type5 of furKI: (a) End¢wment- where the capital is held in perpetuiry and income generad used for charitable purposes expenditure: (bl Restricted- where the purposes for which funds may be used have been re5tritted by donors: 31
HIGHGATE SCHOOL STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2022 ACCOUNTING POLICIES (continued) Funds (contlnued) {c) Desygnated-where the fund5 are unresIcted butwhere the Trustees haye designated them for a specific purpose,. (d) Generdl- where the funds are unrestricted and not designated. Endowmert Funds The original land and lyJilding5 of the School are subject to a pernianent endowmenL The Endowment Fund reflects the rebased cost of assets principalty constituting the m&n Island Site. following engagement with the Charity Commission. as at 31 July 2016. The Sinking Fund represents recoupment of the proceeds on disposal of endovm)ent property. The Prize Fund consists of a number of indiv1thJ prize funds ser up by donors for the provision of prizes. Restricted Funds The Library Fund consists of three funds named (i) Burdett-coutts. (li) Furnival Jones and (iii) J F Newsome Charitable Trusk and exists co prowde books and equipmenr for the School library. Designated Funds The building reserve represents funds genet2ted from appeals and transfers from unrestritted funds. The reserye reflecu that part of the School's unrestricd fvnds which relates to property. Penslon costs Retirement benefits to ernployee5 of the School are provided through two pension schemes. The pension costs charged in the Statement of Financial Activities are deterniined a5 follo (a) The Teachers, Pension kheme - This scheme is a multimployer pension scheme. It is not possible to identify the School's share of the undedying assets and liabiliues of the Teachers. Pension Scheme on a consistent and reasonable basis and therefore, as required by FRS102. accounts for the scheme as if it were a defined contribution scheme. The School's contribution4 which are in accordance with the recommendation5 of the Government Attuary, are charged in the period in which the salaries to which rhey relate are payable: (b) The ISPEN is a multi-empl¢yer defined benefi¢ scheme. The assets of the scheme are held independently from those of Highgate School in an independendy administered fvnd. The costs recognised during rhe year relate to the movement in the year end liabiliw. (c)Other pension costs are tharged in the accounts for defined contribution schemes represent the contributions payable by the School during the year. 32
HIGHGATE SCHOOL STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2022 ACCOUNTING POLICIES (continued) Operatlng leases Renta15 under operdting leases are charged on a strdighc-line basis over the lease term. even rf the payments are not made on such a basis. Benefits received and receirdble as an incentive to sign an operdting lease ¥e similarly spread on a strai8ht-line basis oyer the lease terni. Financlal Instruments Basic financial instruments are init1a1 recognised actransacrion value and subsequently measured at amortised with the exception of investments which are held ac fair fdlue. Financial assets held at amorrised cost comprise cash at bank and in hand. together with trnde and other debtors. A specific provision is made for debts for which recoverability is in doubc Cash at bank and in hand is defined a5 all cash held in instant access bank accounrs and used as working capital. Financial liabilities held at amortised c05t c¢)mprise all creditors except social security and other taxes and provÉsions. Creditors and provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nornially recognised at their settlement amount after albowing for any trnde discounts due. Debtors Trade and other debtors are recogni5ed at the setdement amount due after any trade discount offered. Prepayments are valued at the amount prepwd net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand inclLTrde5 cash and short temi highly liquid investments with a short maturlty of three month5 or less from the date of acquisition or opening of the deposit or Similar accounL 33
HIGHGATE SCHOOL NOTES TO THE ACCOUNT5 FOR THE YEAR ENDED 3 I JULY 2022 FEES 2022 2021 Fees receiyable con515t OF. TuityoTr fees Music fees 40.095.035 614.576 38.109,173 604,81 40.709.611 (321.269) 38.713.984 1389,1 $91 Less.. Alowances Less.. Bursaries funded from unrestrKted funds Less.. 8ur5aries funded from restricted funds (1.314.065) {609,171) 11.192,7981 150&4711 (1,923.236) {65.979) 11,701.2691 (67,1761 Less.. Scholarships £38.399.127 £36.556,380 Scholarships. bursaries and other awards were paid to I l O pupils {2021: 1161. Within this means tested bursaries totalling £1.923.236 were to 93 pupils (2021: £1.701.269 to 86 pupiLsl. OTHER INCOME 2022 2021 Other educatlonal CharItab Incomè Entrance & r$tration fees Lettings Other educational incorne 174,600 87.372 179.133 226.162 8.788 441,105 234.950 Other anclllary a<tlvltles Mallinwn Sports Centre Other income Rents Educational visi 6th Form and Tuck Shop income 394.680 20,959 7S6,285 104,221 24,048 64,498 196,769 572,393 57,770 1.300.193 891.430 £1.741,298 £1,126,380 34
HIGHGATE SCHOOL NOTES TO THE AccouKfs (contlnued) FOR THE YEAR ENDED 31 JULY 2022 3& DONATIONS AND LEGACIES (2022) Unrestrfrted Restrlrt¢d 2022 Restrlcted Funds Unres¢ric¢ed donations 755,418 755.418 248,686 248,686 248.686 755.418 I,ClJ4,104 DONATIONS AND LEGACIES (PRIOR YEAR) Unrestricted Restrirted 2021 Restricted Funds Unrestrirted donation5 979,(A9 979,649 83,239 83.239 83.239 979.649 1,062.888 3b. BREAKDOWN OF DONATIONS (see explanatory comments wlthln Accounting Polklesl 2022 2021 Pledge5 previously recognised Donations received in-year Pledges carried forward (1420,796) 186.513 1238.387 ,429.2881 1.071.380 2.420,796 Donations income I.W4.104 1.062,888 4& ANALYSIS OF EXPENDITURE 2022 2021 Audltors, remuneration - audit fees Auditor5, remuneration - other servi¢es Depreciation 34.140 8.640 2.964.022 34,080 1.440 2.774.413 35
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (¢ontlnued) FOR THE YEAR ENDED 31 JULY 2022 4b. Average Staff Numbers 2022 2022 Total Staff Costs Depyeciatlon Other Teaching costs Welfare Premises Grants, avArds and Pre$ Support costs and governante Fundraising and Development Fillance costs Mallinson Sports Centre 395 23.26&138 1.16&764 5.493.242 1482.657 25.748,795 1.126.429 2.295.193 1884.337 7.341.601 17.940 17.940 1409,525 5,095,823 36 1964.022 75 1686.298 127.756 13.966 141.n2 1.774.0 18.939 1.774,000 18,939 554 2&742.198 1964,022 10,727,793 42,434,013 PRIOR YEAR Average Staff Number$ staff C4)sts Depreclatlon Other 2021 2021 Teaching c05t5 Welfare Premises Grants. awards and prizes Support costs and governance Fundraising and Development Finance costs Mallinson Sports Centre 383 49 35 21.688.486 1,077.031 1,451693 5.387.013 23.075.499 673.938 1.750.969 1597.296 6.824.402 7,922 7.922 1.580.946 4,042,158 10,860 113,456 1.774.C 1.774.000 41906 41906 1774,413 1461.212 101596 537 26.781018 1774.413 8,074.881 37.631.312 36
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (contlnued) FOR THE YEAR ENDED 31 JULY 2022 GOVERNANCE INCLUDÉD IN SUPPORT cosrs 2022 2021 Remuneration paid fo auditors audit seryices other seThices Governors. reimbursernent to Governors, expenses 34.140 &640 540 34.080 1.440 285 £43.320 £35.805 The support Costs relate to the Charitable xtivity Of running the School. 37
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (contlnued) FOR THE YEAR ENDED 31 JULY 2021 STAFF COSTS (In¢ludlnz related party transathons) 2022 2021 The aver4e number employed by the cornpany within each category of persons was.. Teaching Staff Support staff 395 159 383 154 554 537 The costs incurred in respect of these employ we Wage5 and salaries Social Security costs Pension cosu Terrnination payments 21,860,378 2,426.013 4.413.261 42.S46 20,377,855 2.194,613 4.184.550 25.0 £28.742.198 £26,782.018 reIe employee benefits of 8 {8- 2021) key man4tment personnel £1,701.634 £1,62&089 2022 2021 The nurnber of higher paid employees VAS: TaxablÈ emoluments band= 60.000 - £70.c(IO £70.000 - £80.000 £80.000 - £90.WO £90.000 - £1.0 £ioo.000- £i10.c £110.000- £120.C £120,000 - £130.rAK) £130,000 - É140.0fy) £140.000 - £ I so,0 £150.000 - £160.oco £160.000 - £170.oc(I £170.000 . £I80.LO £180.000 . £I90.LO £210.000 - É220.Cw)) £340.000 - £3SO,Ofy) £390,000 - £400,0fy) 5S 33 48 27 The number with retirement benefits accruing was: Of which contributions amouTrt to.. 108 94 11.768.S86 £1.640.899 During the year the khocA obtained. wrthin its genernl Insurdftce. professional Indemnlty and governors liability in5uran¢e coytr of £1 O.000,OCLI {2021: 110.(M)o.(x)o). In add4tion to the remuneration palé to the key managemenr personnel. the School provides fee remission to Staff typical of the independent sector. Foans to a55isi in house purchasing and accommodatlon to staff who are entitled to accornmodation by rtue of their role. Other expenditure Includes an amount of £540 which rdates to travel expenses for ts¥o members of the Governing 8ody12021.. £285 lor one members).
HIGHGATE SCHOOL NOTES TO THE AcCoUrS (¢ontlnued) FOR THE YEAR ENDED 31 JULY 2022 No Governors received any remuneratson or benefit5 other than the expenses disclosed above from the School or any connected organisation. There are Governors during the year who have pupils at the khool; the arrangemenrs are on che Same basis as for other parents at the sch¢)ol. There were no reted party transaction5 during the year. TANGIBLE FIXED ASSETS Freehold Land Equlpment and Permanent and Motor Buildlngs Vehicles Total COSTIVALUATION At l August 2021 Additlons Dlsposals 134.901.883 10.013.362 19.6351 13181 1883 i 0,013,362 2.089.OTrJ {9.6351 Ac 31 July 2022 144,905,610 141826,245 2,079,365 DEPRECIATION At l August 2021 Charge for the yr4r Llisposals 38.263.958 2.964.022 19.6351 36.466.901 2.86&327 1,797.057 97.695 19,6351 At 31 july 2022 41.218,345 39,333.228 1.885.117 NET BOOK VALUE At 31 july 2022 £103.687.265 £103.493.017 £194.248 At31 luly2021 £96.637.925 £96.345.982 a91.943 The original land and buddings of the School are subjec¢ to a pemunent endowmtnt See Note 12. Depreciau'on calculated on a hFstori¢al basls wtyjld be ltswer by £495.700 than the amount shown above {2021: lower by £495.7001. 39
HIGHGATE SCH¢)OL NOTES TO THE AccouKfs (contlnued) FOR THE YEAR ENDED 31 JULY 2022 FIXED ASSET INVE¥fMENTS Total 2022 Total 2021 Endowment Market valu¢ At l Au8U5t 2021 Additions Disposals Rerdluations 1,678,881 351.984 {310.536 {58.6911 1,67&882 351.984 {310.536) 15&691) 1.357,631 289,123 {225.5861 257.714 1.661.639 1.661.639 1.678,882 Cash aNYatllng investment 22,883 21833 40.113 At 31 luty 2022 11.684.4n £1.684.472 £1.718.99S STOCKS 2022 2021 Catertn& cleaniD& Stationery £48,869 £40.559 DEBTORS 2022 2021 Fees Loans to employees Prepayments and accrued inc¢ Other debtors 839.029 119.299 1310.661 28.3n 593.051 57.511 1830.428 154.904 £3.297.361 £3.635.894
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (contlnued) FOR THE YEAR ENDED 31 JULY 2022 10. CASH AT BANK AND IN HAND 2022 2021 Bank deposi¢ and current accounts 49.234.396 £54.925.422 I la. CREDITORS 2022 2021 Fee dèposits Fees received in athance Audi¢ & accountancy Accru2I5 and deferred income Other creditors 5,198,757 .579.947 33,000 5.960.336 471.818 3,946.264 1.777.295 31400 4.072.767 899,229 13.243A58 10,727,955 Due after one year Adv3nee payments Pension proyision Other Loans 3,3051 1.792,C(10 60.CW.CQO 4,03&648 1.073.000 60.000.000 Total creditors £78.039.709 £75.837.603 On the 24 July 2019, the School enred inw a private placemeni for £60m funding paid to the School in three tranches to assist in the financing of the 5thod's capital programm¢ The first drawdown of £20m was weived on 24 july 2019 wbth an interest rate of 3.01% repayable on the 24 Stptsmber 2054. The second drawdown totsllin8 140m w35 received on 24 September 2019: £10rn with an bnterest rate of Z91N repayable on the 24 September 2044 and £30m with an interest rate of L94% repayable on the 24 September 2049. For all three tranches the firs¢ interest payrnen¢ made on 24 Marth 2021 and will C)ntinue at srx+monthly intemls thereafter. At 31 JY the School had the folowing annual comrr4tments under noncancelIab operdtlng1&3ses'. 2022 2021 Leases expiring wthin l year Lease5 expiring bthveen 2- 5 Yr5 Leases expiring bets¥een grea¢er than 5 years 12.183 7.027 14.659 19.210 19,210 £33.869 41
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (c¢)ntinued) FOR THE YEAR ENDED 31 JULY 2022 I ADVANCE FEES 2022 2021 After 5 years Within 2 to 5 years Withln I to 2 years 286,847 1,619,755 1,097,249 627.739 2,022,147 1,386.762 3.fy)3.851 1.579.947 4.036.648 1,777,295 Within l year £4,583,798 £5,813,943 2022 The movements durM)g the year on the accrued liability under the ontracts were: Balance a¢ l gu# 2021 New contyacts 5,813,943 653.987 6.467.930 11.884,132) Amount5 UtilÈsed in payment offtts: To the school 4.583,798 42
HIGHGATE SCHOOL NOTES TO THE AccouTrifs (contlnued) FOR THE YEAR ENDED 31 JULY 2022 12. ENDOWMENT FUND5 Balance at l Ausyst 2021 Transfers Between Investment Funds Ins(lossts) Balance at 31 July 2022 Net Intomel {expendlture) Property Fund Sinking Fund Prize Fund Furnival lones Library Fund Arthur (Bill) and Beryl FRld Memrial Bursary Fund Zikel Musrc Fund 27.789.363 291.271 582,798 28.917 551939 27.789.363 297,015 564,238 27,491 525.675 374 10,176 5.370 (2&7361 {1.4261 (27,2641 87.728 {4.3261 83.402 £19,333.016 10.550 156.3821 £29,287.184 PRIOR YEAR (2021): an¢¢ 4t l August 2020 Transfers Between Funds BanCe at 31 July 2021 Net incomel Invèstmènt gains(lovJes) Property Atnd &'nkin8 Fund Prize Fund Furnival lones Library Fund Arthur {Blll) and Beryl Field Memorial Bursary Fund 'kel Music Fund 27,789.363 239.386 456.082 23.012 440.024 27,789,363 291.271 581798 28.917 551939 364 9.681 51,521 17.035 5,905 11915 69.813 17,915 87,728 £29.017.680 £10.045 05.291 £29.333,016 erop2£.. Represents the ntt book tdue as ar 31 Juty 2016 of the endowed propery ol the School, principally Constituting the main Island Sire. Represents the recoupment required under a Chariy Commission scheme on the Udlisati¢ of endowed funds in eartier years whith expires in 2021 EtÈuEuud.' Represents donauon5 recwved 4¥there the capital element was to be retained and the income ari51ng tilised for awards to pupils. EUrDly.. Represents a donafion rKeNed where the capital elemen¢ wa5 to be retained and thè income arising u¢ilised for the library. a hjnd es¢ablished from which the income 15 to provide bur5arial assistance at the discretion of Governor ZikELE.. A fund escablished from which the incorne be used for or towards music tuition {including the hire of the associated instrument) for a promising puwl entsring the sthool who would not othetwise be able to afford the cost of such tuition. 43
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (¢ontlnued) FOR THE YEAR ENDED 3 I JULY 2022 13. RESTRICTED FUNDS Balance at l August 2021 Transfers Between Funds Balan¢e at31 July 2022 Net Incom•1 (expendltur•) Investment 8alng1(lo$se5) Fumlval lones Library Fund Outreach Projert Rob4n Barnard Bequest Bursary Fund LA Digital Access Open Door Arthur l&'lll and Beryl Field Memorial Bursary Fund Learning Support Fund Hardship Fund C>ther Funds Menthl Health Fund Buildings Fund Refugee Fund 3J28 696 29.750 2.879.912 249.715 29.364 54.431 505 10.077 3,833 10.773 29,750 2.629.037 618.126 28,651 S4,431 $0,875) 368,411 (7131 SO.236 179.544 74.579 9.805 137.566 201.1)J) 9.654 (107.363> 59,890 72.181 74,579 11,393 77.814 201.250 15.134 1,$88 (59,752) 250 15.134 £3.899.926 £(13,084) 3.886.842 PRIOR YEAR (2021): Balance at l August Net Incomel 2020 (expenditttre) Tran5fer5 Between Funds 8alanc• at31 July 2021 Investment galn51(105s) Furnival lones Library Fund Outreach Project Robin Barnard Beque5¢ Bursary Fund LAET Di¥tsl Acce$3 Open Door Arthur (Bill) and Beryl Fidd Memorial &Jrsary Fund Learning Support Fund Hardship Fund Other Funds Mental Health Fund Buildings Fund 1840 488 696 3,328 696 29,7SO 2.879,912 249.715 29.364 54.431 29.750 2.759.578 160.ni 70.805 54.431 120.334 81994 (41.441) 40.896 311.824 61.879 9,805 66.828 2O).C 9.340 1131280) 11700 50.236 179.544 74,S79 9,80S 137.566 201.000 70.738 1.000 £3.769.357 £130.569 £3,899.926
HIGHGATE SCHOOL NOTES TO THE AcCoUr5 (¢ortlDu¢d) FOR THE YEAR ENDED 31 JULY 2022 13. RESTRICTED FUNDS (continued) [[.. donations received toardS the improvements in library facilrries a¢ Htste School. Rob1. for the benefft of pupils wishing to pursue careers in medicine or science. .. donations received fr¢)m fundraising to be used to fund fUty bursaries at the khool. ' donations recetved for the purposes described In the fijnd name. Q92Dr. donation receiveil to encour3ge puw15 in their explanation or vndersranding of the Christian faith. See Noo 11 ZIk¢LfJ.' see Note I I d¢)nations received to hdp children at our partner 5th001s who have litde or no access to a computer. La. A fund following a Gala event and other donao¢)ns throughout the year to raise money for LAE Tottenham. ard5. donation5 receed to help farnilies who art struggling to pay fees due to unforeseen circumstances. Qther dona¢ion5 received for CCF and PPSIJS. Loao)wkn' donation received for addi¢bonxl 5taffin8 to strengthen Learning SupporL 12ll1aLE. donation received toward5 stsffing costs for enhanced mend health provi5i9n. donation received to help develop the buildingfabriC of the khool. 14. UNRESTRICTED FUNDS Balance at l August 2021 Transfers Net In¢omd between (exp•nditur•) funds Investment galnsl (105ses) Balance at 31 July 2022 Properry Fund 47.8M250 (1,149.6221 46.738,628 Revenue Resetve (1.149.622) 1.149.622 TOTAL 47,888.250 (1.149.622) 46.738,628 PRIOR YEAR (2021): 8alance at l August 2019 Tranrfers between funds Investment gainsl (11)55es) Balance at 31 July 2021 Net Incomel {expendlre) Property Fund 46,824,320 1,¢)63,930 47.888,250 Revenue Reserve 1,1)63,930 11.063.930) TOTAL 46.824.320 1.063.930 47.888,250 The Property Fund retlects the net book fdlue of unrestricted fixed assets together with the proceeds of as5e¢ disposats which the Governors intd to reinyesr In fixed assets. 45
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (CODtlnued) FOR THE YEAR ENDED 31 JULY 2022 15. ANALYSIS OF THE Nrr ASSETS BETWEEN FUNDS Net Current Assets less Llabilitlts Fix Long term Uabllities Total Endowment Fund5 Restricted Funds Unrestricted: General Oe5ignated 27.789.363 1.684.4n (18&651) 3.886.842 29.287.184 3.88&842 75,897.902 35.63&577 (64.795.851) 46,738,628 103,687.265 1.684.4n 39.336.768 (64.795,851) 79,912,654 PRIOR YEAR (2021): Net Curntnt Assets less Liabilities Fixed Long term Uabllltles Investments Total Endowment Funds Restricted Funds Unrestricted = General Deslgnated 27.789.363 1.718,995 1175.342> 3.899.926 29,333,016 3,899,926 68.8K562 44.149.336 (65.109.648) 47.888.250 96.637.925 1.71&995 47.873.920 (65.109.648) 81.121.192 16. CAPITAL COMMITMENTS 2022 2021 Authorised and contrncted for £2.640.0 740.6C(¢ 17. PENSION COMMITMENTS Te¢%hets' Perthon Stherne The School parricipatès in the Teachers. Pension Schemt Ce TPSJ for irs teathing soff. The penS)n charge (or the year Trncludes contributions parable to the TPS of £3,260.16012021= £3.08&842) and at the year-end £Ntl12021- £NII) was accrued in respec¢ of con¢ributson5 to thi5 xhem¢ The TPS Is an unfunded mulfiomployer defined benefits pens4¢)n scheme governed by The Teachers, Pensions Reguhtions 2010 (as amended) and The Teachers, Pension Scheme Reg(flations 2014 las amended). Members contribute on a "pay 25 ytyj go" basis with contributions from rnembers and the employer being credited w the Exchequer. Reurernent and other pension benefits Ire paid by publK fund5 provided by plarnent. The employer contrfburion rate is Set by the Se£tary of State followin8 scheme valuations undertaken by thÈ GovernmentActuary's Department. The most recent actuarial valvation of the TPS was prepared as at 31 March 2016 and the Valuation Repor4 which was published in March 2019, confirmed thar the employer contributlon rate for the TPS would increase from 16.4% to 23.6% from I Septefflr 2019. Employers are also required to pay a scheme administyarion leyy of 0.08% giving a ¢otal empbyer contribution rate of 23.68
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 JULY 2022 17. PENSION COMMITMENTS (<ontlnued) Teochers. Pension Stheme Icontinued) The 31 March 2016 Valuation Report was prepared In accordance with the benefits set out in the Scheme regulations and under the approach specified in the Direetions. as they applied at 5 March 2019. However. the assumptions were considered and set by the Department for Education prior to the ruling in the'McCloudlSargeant case,. This case has required the courts to consider cases rerdrding thè irnplernentation of the 2015 refomis Eo Public SeThlce Pensions intluding the Teachers, Penslon& On 27 lunt 2019 tht Supreme Court denied the government permission to 4ppeal the Cour¢ of Appeal's judgment that transitional prowsM)n5 introduced ro the refom)ed penslon scheme5 in 2015 gave rise to unlawfvl age discrimination. The government is respecting the Court's dectsiort and has said it wlll enrdge fully with the Employment Tribunal as well as empkjyer and Member representstNes to agree how the discrimlnatlons will be remedied. The government announced on 4 Febnjary 2021 that it intends to proceed with a deferred thoice underpin under which members will be able to choose either legacy or refornied scheme benefKs in respect of their service during the period bemen l April 2015 and 31 March 2022 at the pOt they become payable. The Trs 15 5uE4ett to a Cost cap mtthanism which t*As put In place to protett taxpayers unforeseen changes in scheme costs. The Chief Secretsry to the Treasury. having in 2018 anntyjnced that there would be a review of th15 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 unil there certainty about the value of pertsions to employees from Aprll 2015 onwards. The pause Ivas lild in Juty 2020. and a consultation wa5 launched on 24 lune on proposed changes to the (05¢ Control mechanisrn following a reMew by the Goyemment Attuary. Followng a public consultation. the Government have accepted three key proposals recommended by the Goyernment Ac¢uary. and are aimin8 to implemen¢ these changes in time for the 2020 YUatiOn The 2016 cost control valuations hwe Since been completed in January 2022, and the results indicated tharthere would be no Changes to benefrts or member contributn$ required. The results of the c05r c3p Yaluation are not Used to set the employer contribution rat4 and HM Treasury has confirmed that any changes to the employer contribution ratè resultlng fr¢)m thè 2020 lUationS wlll take effect In Wl 2024. lthul the 2020 valuation 15 Cgmpleted it 15 not possible to condude on any financlal impact or fvture changes to the contribution rates of the TPS. Accordin8ly. no pro¥i5ion for any 3ddruonal part benefit pènsion costs is Included in these financial statement& Pension Trust Hi8hgate khcd partltipatts Mi thè Indeptndeftt khools. Pension Stheme IISPENI. The Stheme is funded and is contracted out of the 5t3te scheme. ISPEN is a multi-employer defined benefit scheme. 256 employees currently parricipate in the scheme. 248 employees parricipate on a fin salary basi5 wsth a 1180 accrual rdte. From I September 2022. these employees made a contribution of 6% of pensionable salary ro the scheme whereas the School made an increased employer contribution of 30.6%. A fvrther 8 empkjYe who pre-1996 were Members of the Highgate School Retirement and Death Benefiu Scheme. participate on a final salary basis wth a I16 accrual rate. These employee5 mde a contributKJn of 6% whereas the Schoofs contribution increased to 42.6%. The last form valuation of the scheme wa5 perforn)ed Js at 30 Septefflber 2020 by a professionally qualified actuary using the Projected Unit Method. The marker walue of the scheme's assets at the valuition da¢e was £201.1 million. The valuation reyealed a Sho1 of assets compared with the of liabilities of £55.2 million. Following consideration of the resulcs of the actuarial valvati4)n. IE was agreed thar the shortrall of £55.2 million would be dealt with by the payment of deficit contributions. from all ParriciOnI employers allocared in line wlth their estimated share of the scheme liabiliti¢5. of £2.7 million per annum from I Stprember 2022 to 30 June 2032. These defic1¢ c¢)ntributions are in addition to the long-terni joint contriburion rate5 (highlighted above). There is a potential debt on the employer that ctyjld be levied by the Trustees of the scheme. The debt 15 dve in rhe even¢ of ¢he employer ceasing to participatr sn the scheme or the sthemt wnding up. Highgate School has been notified by the Pensions Trust of the estsmated empk•yer debt on Mthdrawal from the Independent khools, Pension Scheme based on the financ¢al posivon ofthe Scheme a5 at 30 September 2021. As of this date the estimated employer debt was £10.288.573. This amount 1$ Trot prowded for in the accounts as it 15 not considered likely that the School will fvlty withdrdw from the scheme. 47
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (¢ortlnU) FOR THE YEAR ENDED 31 JULY 2022 18. CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVE FIGURES BY FUND Total 2021 Funds Funds Funds Funds Notes INCOME Fft0. Chorltttble ortlvliles khool hes receNable Other educatyonal inrwe Ancillary tradin8 Inco InVeStntr 8ank and other interest Investm8n¢ income Voluntary wurces 36556,Wl 234.950 891.430 36,556.380 234.950 891.430 63096 4.956 63.900 26.308 lo.1 83.239 979,649 1.061888 37A34.851 990.960 10.045 38,835.8S6 EXPENDITURE ON: Rolslttg fvnds Fundraising and devd¢)pnent Hnance cgsts horltttble actlvltl•i S¢hool tsperdting cosrs 113.456 1.774.& 113.456 1.774.lJQJ 34M3.465 W391 35.743.856 Totsl •xendl¢ur 36,no.921 860.391 37.631,312 NET INCOME 1.063.930 130.569 10,045 1.204,544 Gths on Investment %sets Transfers betwe tumds 305291 305.291 14 11.063,930) 1.063.930 Net rnovernent in hnds 1.063,930 130.569 315336 1.509,83S Balances brtyJgh¢ for%*drd at l August 2021 46A24.320 3.769.357 29.017.6eo 79.611.357 Balances carrled foTh¥ard at 31 2022 47m8.250 3.899,926 29,333.016 £81.121.192