HIGHGATE HIGHGATE SCHOOL GOVERNORS. ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025 Haysmx LLP Regirtered Audltors
HIGHGATE SCHOOL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025 CONTENTS PAGE Governors, Report Chrman'S Forvword Main Report 1-20 2-20 21 Independ•nt Authtors. Repwt 2Z-23 Consolidated Statem•nt of Financi Actl¥i CoThg0lidat•d Balance Shert Charlty Balance Shert Consolldated Cash Flow St*t¢ment 27 St4t¢nwit of Accountlng Polici•s 2•-32 Notes to the Accounts 3347
HIGHGATE SCHOOL CHAIRMAN'S FOREWORD FOR THE YEAR ENDED 31 JULY 2025 CHAIRMAN'S FOREWORD It giYe5 me ear pleasure to present H"ehgate Sthoofs rep)rt and actounrs for the year ending 31 July 2015. The General Electyon which ushered in the Labour y)vernment happened very close to the end of the prevbous reporting period: this meant that we. and more particularly our parents and carers, are onFy now starring to feel the full effects of the removal of the VAT exemption for school fee& the ren)dI of the tharitable exemption on Business Rates and the increased Employers. National Insurance C((ri1Xrtlons. Against that challenging financial background. we continue to scrutinize our expendiDJr& reducing costs wherever we an. to make sure that fee income 15 used in the most effective wssible and to find oppornin5ties to grow our non-fee intorn4 so that neither the School's curricular and eoThcurricular offering nor our tharitable reach is reduced. In rmS of non-fee income, l am delighted to report exlIent progress of Highgatr International School Thailand. which will open its doors to Pr&Preparatory and Junior School wpils in 2026 and knior Sthool pupils in 2027. One si8nrficant change has been in the SUPPK)rt our F4rtner school. the London Academy of Exeellence Totrenham (LAEf). Rather than seeond our sraff there vrt now make an equiyalent financial contrilyJ¢ion vknich has a similar impac( for example allowing to offer counsdling and wellbein& careers and universi¢y advice, ex¢rn-curricular provision and run a liix7ry. We also continue to share FortKvlar experw such as weekly visits by the Director of Music to help guide the new Music deFAr¢men¢ ther& In these and other vrnys Y are able to maintain our strong links vith this trailaZIng school vthile ensuring our primary focus remains here in Highrdte. This report also sets out the many other dthribIe actrliries and parts)erships that are wtral to us being a Charity and par¢ of a community. With an eye to the fijture we beK4n vfv)rk taknt identification aThJ rIna¥ent strnwes to help us be sure can continue to appointgc¥)d CherS in shortage areas- here at Highgaw at LA and abroad. We contynued to engage our local community over our proposed programme of building vrks. offwing fJYe eThrnally moderated workshops and many other smalkn meetings to eX.n our aims and to allay concerns. In this spirit of c04)perduon have amended some of our plan¥ dropped one altogether. and set up new schoovcommunity groups aimed at finding ways in thith an together to prorTr)ts sus(ainabiliry. traffic management and IModiver5i¢y in the kol are& These external issues have no¢ however, diStraCd from our primary focus". educating our wpils. In rdw exam results terms. 202425 vras a great success: 80.2% A.A at A-Level and similarty impressive figures at GCSE Yre records when the tsd-affec*d years are discounteA. However. a Highgate education is about 50 much more than public examinations. To that end, l am proud of the extraordinary range ofextrd- ar Cowcurricular activities on offer. 40 Year 3 chIren are learning an orchestral ins¢rumenL all bar around 20 Year 10 pupils undertake. entirely voluntarily. the Bronze Duke of Edinbjrgh's Avrdrd." on Grving Day. over 2.IK)0 staff. pupils. parents, carers and alumni rnn, 21ked or IK>bbled over 6(KY) miles to rdise nearly £200.( for bursarses and L4ET; not ro mention rhe drama productions. sporrs fixrure& national debaung wccesse& bake sales. careers indusic societies- the list is all but endless. Last year I finished by offering ry thanks to the Highpte staff and pupils for their efforo enthus¢asm and commitment in another wrific year. and my fdlow governors for the 5UPPOrt and constructive challenge they provid& l think thaes th repeating for 2024-25. Bob Rothenberg MBE
HIGHGATE SCHOOL GOVERNORS, REPORT FOR THE YEAR ENDED 31 JULY 2025 CHARITABLE OBJECTS Our charitaEe 0ects are set out in the Scheme of Governance & ( l) the advancement of education by the provision of a xhool in or near High8a. the provision of incidental or antillary edLKarional attivities, and the undertaking of a$50ciated ac¢rYitses for the benefit of the putrA•c' and (2) in so far as the Governors think fit (and so long as they. in their discretioTh consits that the object stated in clause l is being Proper provided for) the relief of the poor. These objects have been achieved in-year as set out in the 'Obi&tsves as a School 2024-25. and 'Other Charirable O'ectives 2024-25,. OBJECTIVES AS A SCHOOL 2014-25 The School vos in its final year of its 202(25 develo[ent plan. Wthin this plan. the khool's Vision Statement is s(ated as: "In what we plan to do, wlyt V•E accLMIty do ard how we nEa5ure our success. our pupils are our $tar¢ing point what they experience as children and young adults. what they become arKI the lives they are able and inspired to lead. So. let us inugine our pupils as leave uk We imagine a happy, cohesive community whose pupil& from many different backgrounds have learnt ¢0 respett and value the expenence which errges from di¥Ity and vkno have grown up in a school which has taken no¢hing for grdnted and has deared the way for all children. whatever their prior experience. to feel I1¢0me and to thriY& They will enjoy life to the full and wdlue their friendships. Open•rninded and alert to opp)rtunity, they will leave us for place5 on comwitive courses in a wide range of universiftes in the UK and around the world. with the ambition. motiwdiion, sknlls and 5ta>ing Poh to equip them to St independently and with success. In their academic learning as well a5 in thw'r Ir beyond the dassroom they vill have developed 'soft' skills along with ¢waliries of sdf-awarenw, resilience and self<onfidence. They wll have developed their emotional and mental as well as their physical health and wll have insight into vAys of preventing and getting help for ill health. vitthou¢ fear or shame. They V+ryll do Trfoluntary vrk. work experien and internship5 and will be adep¢ at nutching their skills and attrIbUS aKainst possitilities ahead. They will have vlorked in partnership viith young pee in other schools and broken out of any school bubble. The way they have journeyed to their exaff4 and the under5t3nding that reOin5 with them thereafter, vill be as important as their grddes. They will be creatiw rigorou5 and eager thinkers and readers who have pursued learning for its ovm Sake. They will have ha¢J a taste of compeution and of the energising effect of entrepreneurship. they wll be wdl Infor about Nfdys of INing and working 5usrainably. They 11 have a range of ht)bbies and interests in which they will have participated with enjoyment and commiunenL In the and through Servi to other& tlw wll have grown as indmduals who can lead and (an serve. They will be thoughtful and open•minded, consaous of the adydntages they have enjoyed and of the chcrtces and obligation5 such advantsge should bring." The School's str41¢ aims and actions for the v*tde school are stated a& Inclusion: To wioritise indusion by gjucating staff and pupils to be indusivo to promote belonging and to ensure that people from minoritised and marginalised communities are championed, centred and lebrated, and thac thwr experlences inforn) best DEI (diversity. equity and inclusion) policy and practice. To embed inclusion stratevlty into the acadanic and pastornl life of the kh¢)ol, and into the role of all leaders (staff and wpils). To continue to embed anti-sexism and racial inclusion cultures as identrfied in the Anti-sexism and Sexual Violence (AS91) plan. Flair Survey and Hemisphere training recoMMendatn5.
HIGHGATE SCHOOL GOVERNOIIS. REPORT (continued) FOR THE YEAR ENDED 31 JULY 2025 OBJECTIVES AS A SCHOOL 202425 (continued) To diversify the School through targeted work in admission& recruitment aThJ retention. Staff Wellbein¥. To review and devdop the S 5n% sraff wellbeing yrk$eaMs. Mental and11)ysical Health; Learning and t>evelopmenL Community: Support sy5Ms. The Wt)rking EnvironmenL To establish a Le¥ning and Developwt for all staff to support their growth at the differen¢ of the employee life cycle. Envlronmental Sustainability. To our environmenral sustair4bility Pla reduTr our greenhouse emissions and Vrk tovfdrds Net Zero. To equip staff and pu15 With eater knowledge and understanding of environmental issues. To engage with relewdnt stakeholders in rela(ion to core issues (Travel, Educational Visits, Food) to effea positive atti¢LKlinal change e.g. reducing the number of car journeys t¢)Ifrom school. Community partnerships• To deliver our ChrylS paruwship and summer school programmes and to review their quality and irnpatt in rdation to our partner schools. needs. To provide tan&"ble opportuni¢ies ft)r wixls to share tim< tslents and donaticffis as part of our 'connected communit initiative.. to raise awareness of our chari¢at4e and communiry related causes. To develop the School's local community prtnerships to mee¢ the needs of young peo the less prrvileged and our local communiries. To continue our supp)rt of LA {thrtyJ8h our academio pastordl and other initiatives) and to refine ¢)ur partnership to support the evol8 needs of Lh)th schools. Comnlercial income generation for our charitable objertiveg Pursuing commercial OFV>rtuni¢ies at home and abroad: seeking educational proietts and partnerships with established commercial providers inYwtor& Overng and monitoring inrernafional cornnl Prolec including InrnatIOnal branch schools and summer sthool partnership& xImi$lng commercial income using current sch¢x>l assets. Updating and focusing fund-raising effcrft' rdtionalising fundraising stra¢egy in the eontext of removal of VAT exemption (&& undertaking feasibiliry study in weparauon for increased fundraising needs); testing opp)rtunities for fundrnising within our raprtsl 0Jects. researching opportunities for sponsorship of F4r¢nership Fyojects. Improving and ren•wing faciliti Progrtssing our eng4E with local arnlty and residents, groups in the annIng appliotion process to a successful conclusion. Providing opporninities for key 8r(yJps. such as pats and carers. to understsnd the timeline for future work¥ particulady chose involving temporary faolities. Recovery and investment Developing and optimising schookfamity communication5 during a period of uncertainty over fees and affordabiltty, in conjunction with the Pdrent Forum (including. wherever possible. timely infonnation over the imPlnentatIon of VAT on fees). Using reinvigorated parent-sch¢)ol engagement to 5UPPOrt pawr5 in rackling societal challenges {impact of tethnolog/. sexual violence, exSUre to drugs). Within our Pre-PrepardtcAy School {Reception and Years 1_2). the o¥ieW of objective5 for 202425 ' . To embed a rigorous yet exploratory and chil&led curriculum with purposeful outcomes. that ignites curiosiry and motivates children to embark on a lrfetime of learning. To develop children's regulation, communica¢W) fftlem solvig and negotiation skills through the use of outdoor play. To support staff to haye greater awareness of the imFOtt their proknional Frdctice has gn themselves and other To ensure the PrevPreparaw School successfully NK)rks with the Junior School in maintaining the high academic ourcome5 of pupils followng the intake at 4+ To ensure the Pre-Preparatory School is inclusive and welcomw¥ to all.
HIGHGATE SCHOOL GOVERNORS. REPORT (contbnutd) FOR THE YEAR ENDED 31 JULY 2025 OBJECTIVES AS A SCHOOL 202&25 {e<bntinued) Within our Junior School (Year5 3.6). the oveTriew of obiectsves for 202425 i To review and evolve the Junior SdM)ol curriculum to ensure that it remains Innovati rigorous and foThvard-thinkin& refiecting the wider xhorA airrs ar¢)und diYer5ity and indusion. sustainability and the development of core Charn£ skills. To review and evolve the Staff Managawit arKI Profe$5ional Development model to support s(aff to have greater ¢)wnership of their teaching Frtctices. proknional and personal development and wider career aims. To ensure that the Junior School is successful in workng v•ith the Pr&Prepardtory School and the Senior School in maintsining the high acadwnK outcomes of pupi15 as the intake increases at bwer entry points within the School. To review and develop the way mernbws of Junior School communrty interacc with the environment in line with agreed Sch¢)ol value5. Within our Senior khool (Years 7.13). the overyiew of rtfjectives for 20225 ' . To ensure our scanding academic Imperati remwn at the core of all thIng and learning (rmliS1n8 StrUge. teaching beyond examinatio xholarship for all). To culuvdte a culture of reAdin& To prioriti5e differwmtion in lesson PnnIng lesson delivery and pupil feedtAc To maxim•se public examination rewlts in 2025 wIthrt sacrifKing academic rfho To oversee rwo new initiative& trdining for asixrational Swwor Team Coll. Hrhgotr L¢ite5- a woTrmme of eents vthid) allow parents to sample the academic offering at Highgate. To ensure reforms to Hehgatr's reporting System are successful. To train and support staff to ddrver pastornl care that keeps safwrding at its heart and targets the specific needs of individuals. To empower (a) wwls to manage their own wellbeingand (b) parents and sraff to understand and promote this seW-managemenL To promote beltJn&n& inclusion and anri41iscrimination. by workir¢ V+ryth pwent& 5raff arKI pupils to build a culture of kindness and respett amongst all members of the community. To develop wpils, sense of purpose by activdy en8]ng with their sdKioi c<xnmunity. shw'ng its culture and Practi and contyibuung fulty to the ccKurricular progrdrnff. ACTIVITIES OF THE SCHOOL Academic Pr¢•rePara¢ory ond Junior School& In Septeth 2024 the Junior Sdv)ol welcomed its first cohort of pupils under the new three-fom) entry model ac 4+ from the Pr&Preparatory Sdwl. This prompted a decision ro al the aims and objectives of the two Schools *ith full integration pEanned from SeptemEer 2025. To that en significant work was undertaken to enhan the trangrion bew Years 2 3. Adjustments to Key Srage I and Key Stage 2 curricula ensured continuity and SUFfrted the sucttssfijl integration of incoming 7+ pupils. s"eCt leads in Mathen)atics. English. and PSHEE (Personal. Social. Health and Economic Education) across both schools tollabornted to ensure Curriculum progression and continuity from Reception through to Year 6. The
HIGHGATE SCHOOL
GOVERNORS. REPORT {continu•d)
FOR THE YEAR ENDED 3 I JULY 2025
ACTIVITIES OF THE SCHOOL (contlnu
Academlc {continu•d)
Pre-PrWrotory ond Juniorsclwols (contln¢thl)
Junior School Academic Team explwed the impkntion of an ryiry-led Humanitie5 curriaAum. buildlng on
thematic and pedagogial fw)datpxs establishejj n Key Sty l.
In the Pr&Preparatory SdMX)l a nthv FI1c$ Sd was $cesSfUllY urtdded. with cwrlculum desy structured
arouThJ three cerrnly themes: Explor¢ Power. and Grovrth. In the Junior ScknooL PhilosoFknyfor Children was introduced
to the RPE {Relw"on. Philosophy and EthKs) currthlum to f05w (ri¢ical and collal>ontiYe tIUnki sew-avrdren
retlectiorn communication and reascbin&
Senior SchooL In 202425. Senior Sd1 academK vrtre:
To encourage a culture of reading among wpi15 and Maff. n whid) all teachers are teactrrs of readin&
To prK)ritise drfterentiation in le$ pknnin& le550n delr¥ery and feedbaL
Hithate pupils achieved ou¢stsnding wbloc eyamination resuks. 59.1% ofgrddes at GCSE were Grnde 9. 85.4% were
918 and 95.YA were 91817. This rend the second successNeyear ofre¢¢xd rewlt& excludinz Covid and mitigated
years. A-Level pupils also se¢ non-covid record& 43.5% of grdde5 were A 80.2% of gfddes were at AIA and 92.7%
of2rad were atAIAJ& 75% d UCAS {Univvsrty aTrJ Colleges Admiswrts seThI) applkants were accepted at their
first
HIGHGATE SCHOOL GOVERNORS, REPORT (contin FOR THE YEAR ENDED 31 JULY 2025 ACTIVITIES OF THE SCHOOL (continued) Cowcurricular The co-curriculum. as evtr. provided a ntral F4rt of a Highgate pupil's educational txperience - partyculady when allied to the range of charitsble activities that are enthusiasticalty taken up, including Giving Day (see Pupil Volunteering and Community Parmerships, below). Taken together. these opporniniues have helped ensure that all but a small handful of puiyls have taken part in something iyond the daSSroo along with almost every member of teaching staff and a good numbw of support staff. PrPreParatory and Junlor Sehook The c¢xurricular programme across PrewPreparatory and Junior Schools remaintsj eXnSI thou8htfvlly curdted. and age aPpr0prra It is desEned to nurwre pupils. interests, broaden their experienc and extend learning beyond the classroom. Year 6 House Ambassad¢xs embrnced their leadership role& particularly in supporting younger pupils during break and lunch times. A Yde rdnge of responSi"11ties ardilable across SdKJol& including participation in School and Eco Council In the PrtrPrepardtory School, new clubs such as gymnastics and girls. football were added ro the exisung programme. The Junlor School cononued to exF4ind its offerin& now hosting around l 00 dubs ranging from Ornithology to Debating. Norabty. our Genernl KnowIge and scien quiz teams reached the National Finals for the second consecutive year. Communiry outreach reMa¥d a cornerstone of school Irf¢ Pupils from both Schools cononued to engage wich Hammerson House and Srynature Care and ¢1Pte in initiatives wrth local comnwnity cenrre5 and partner schools. Participation in Music and Sport remained excwilll high. The Music proy7mme offered a wide array of performance opportuni(ies. ensemtAes and concerts and in Sporo pupils represented the khool in a robust fixture programm¢ Highlights iluded reaching the natiorAI finals in U I l Netball, the Independent Schools Football Association (ISFA) ffins for the rnixed U I I football tea and winning the ISFA Cup v4ith the U I I girls, football Senlor Sch•Jol. The Senior School continued to wovide a diverse and engaging co<urricuLar progrnmm< with pupils able to pursue both established and inrxoduced activibes. Addition5 include Punch Needle Embroidery. Neurodiversity Club and the Year I l Housing Action Group. Meanwhil& the African Caribbean Society. Yoyo Society. and International Affairs Socw have flourished thanks w the initiative and enthu5Hsm of pupils eager to lead their cv•m xKieties. Lower School pupils dabbled and experimenting vitth a wide Yariety of attivities throughout the year. The Year 9 Co-curricular Day offered engagement in unusual and memornble one-off experiences rany'ng from 'ke maintenance to Dungeons arKI Dragons. A record number ofyear 10 pupi15 have elected w undertake the Bronze Duke of EdInrgh,5 Avfard. Many senior pupils not only led clubs for their peers but also acted as role models. foxering a culwre of parriapation across the School. Our debating teams enjoyd notsble succes5, winning team and individual aYrdr& at a rnnge of narional and local evwits. including taking both goid and sifver in the finaLs of the En8knd BP compeution.
HIGHGATE SCHOOL GOVERNORS. REPORT (Continued) FOR TrIE YEAR ENDED 31 JULY 2025 ACTIVITIES OF THE SCHOOL (continued) Co-currkular {¢ontinued) Sport and Ex•rrls• Sport and Exerase (SPEX) continued co be a central pilLar of lrfe at Hi8hgat< with a Vision rooted in womotsng lifelong participation. wellbeing and excellenc& The School maintained hEhIlIty provision across all areas of , with 23 sporting FAthvr4ys ensuring that every PU1, regardless of ability. had access ¢0 nwningful and inclusive experiences. Ovw the year. dose to I,(#YJ pupi15 in l 00 teams represented the School acros$ 14 sp)rts. Basket11. badminu)n and the Heath Walk vfft introduced. al& at broadening participation and reinforcing our commionent to pupil dte and incluyvity. At the elite end. the relaunch of the HLgh-Performance Programme suprted pupils in Years 9-13. comFeting at regional level or her. in areas such as strength and conditboning. nutrition and academiclathleuc balance, while also offering individualised rehab and holiday tfdining plans. Work to promotr attive hearth and wellbeing c¢)ntinued through initiatives such as the Big Brother, Big Sister peer mentorship scheme. vthich helps younger pupils transi¢ion into senior school life with cOnfenCe and supporL It has fostrred empathy. resilierrt and a Strong sense of bek)nging across year groups. Notable achieYement4 thich refiected not only the pupils, tslent and dedication ixrt al the consistency and quality of our toachin& facilitie& and SUFPOrt structsjres induded (but by means limited to) the U I I girls foo¢ballers becoming ISFA national champions: Middle5ex County Cup football wins for the U18 and U14 Ws and U15 and U13 w'rls. the U15 &T'ds foil fencing winning the 8rrtish Schods champion5,' frfth in the Enlish Schools, Swimming Associatyon (ESSA) vrdter pdo champronships for the U18 y'rls vknile the U18 boys won the plate; and silver nRdals for the U18 &'rls national cross•country running final Music The Music Department enjoyed an excittng prograrn of concerts in 2024-25. Highlights induded senior pupils performing Purcell'$ Dido and Aeneas: the High£a Young Musician of the Year competition, showcasing our best ins¢rumentalists: over l ¢XI of our younger pupils taking part in the Effging Talent conte5L and an uplifting evening of musical theatr Our large ensemble'5 concer( Minimus. celebrated music connecced by cwo exrrnsion& the least possible and the least necessary. The annual concert a¢ Southwdrk Cathedrdl. thss year entitled Journeys. exploring rnusic influenced by our experiences of disFAacemenL explornrion. and homec1n& featured music by Jonathan t>ove. Brahms, Schrecker. and Gallante. The second hawwas given over ¢0 a complete perfonnance of Mozart's Requiem. The Summer Term concert was a lehter affair. celebrating music from stage and screen. Our regular Brnss Day, culminated in a mass outdoor wfonYAnc< wa5 ioined by a new Hute and Double Reed Day. This included puwls ioining the rOwned Ferio Sax Quarret for a flhMQb style Fwformanc& Tv evenings of chamber music featured renditiOn5 of Dohnanyi. Dvorak's American Quartet and Schumann's Piano Quintet Op. 44. The instrumental music scheme saw more than 750 from all three SchcKJls involved in over 800 individual music lessons a weei delive by over 60 Visiting Music Teacher& This includes over 40 pupils learning an orchestral instrument in the Year 3 Headstart schem EXrnalty continued to wppon music at LAET: our Director of Music visited weekty to help mentor Maff and lead ensembles. Musicians from both schools p)ined in a conremFvary mlC Conce a study day to analyse and perforni A.Ld piece& and sok) jazz Ferfmnances at Express Soho.
HIGHGATE SCHOOL
GOVERNORS. REPORT (continued)
FOR THE YEAR ENDED 31 JULY 2025
ACTIVITIES OF THE SCHOOL (continued)
Co
HIGHGATE SCHOOL GOVERNORS. REPORT (Contin) FOR THE YEAR ENDED J I JULY 2025 ACTIVITIES OF THE SCHOOL (continued) Indusion (continud) Helps th1 not just to manage. but to thri to discover and pursue their passi0Tr5. and to develop as individuals and as members of a commuiury. A new Stfdtwc Indu5ion Developnent Plan was dthrysed. for launth in the MKhaelmas Term of 2025. The Flair survey was undercakn for the second time.. integrated with the outcomes of ongoing Hemisphere trdining (which vrds ended this year to Junior Sthool. Pr&Preparatory ScFK)ol ard Support staffj 1¢ continues ro inform our Anti-Racism strawc goais and has helped to frame our engagemt with the vider community. The Anti-knsm and Anti-sexual violen (ASW) 15 ufKler review. with the overdrching aim to rne and con501idate our strategy, including meaningful goals and actions for all ages. In the Senior School. a refreshed ActFve By5rander course vtds designed and launched. Sixth Formers supported the delivery of the Active Bystander programme in PSHE for Year I l. and Years 12_13 (along Yiith LAEr) participad in the MetGirlz programme to develop and present Fyoiects aimed ar improving the lives of women and girls in London. Clubs and Societies continue to play a kry role in the pupls. experients of indu$ion at the School,. in rtiCUlar. Femsoc has Mgaged y'ds around the new uniforn) polioes and their equiry and Pridesoc vK>rked with People Change Minds to craft our response to the EHRC'S (Equaliry and Human Rights Commission's) consukation following the Women v5. Scotland Suw•))e C¢rt Rulin& An Indusion Forum for the parents and carers of thIld with black or mD(ed black heritsg< proved admissions, recruitment and pupil voice upda. Academic deFArtrnenrs del•vered a rich ard diverse curriculum. consciously designed with indusion as a key lens thr) whith co rTHke texL context and topic seth•ons. All pupils a¢¢ended a weekty service of one d the followins Chapel. Jewish Cird¢ Nonthomination Tabern3cle and a Muslim Circle- all of which continue w thrive under pupil leadership. The Ie-Ppardt0ry School delivered a Spring festival programme ceIxan% a series of wr4 faith5 and belief groups. and school produttions featuring inclusion themes: e.& bdonw'n& embraong difference and beng brave in order to look after your friends. DeveloF¥ng the sraff indusion rxoTrm remained a priority. and interim leadership of the HR department helped the pastornl team lead on stsff CPD relating to sexual harassmenL n8 an actrye bystander as well as hryhlighting the ongoing opportunities available via Inclusive Employers. All Senior School stsff undertook Year l of Httnisphere tfdining IPAack Identiry) and Senior School pastoral Maff underrook Year 2 (South Asian Identtty). Pastoral and Pupil Wellbeing The safeguarding focu5 VAS w ensure thac the work of all staff was thiklthtered. curious and communiotive. Monitoring of safw recruitrnent arrfl new stsff Inductic was tightened and there was a drive to ensure support sraff benefitted from additional trainin& especially where their roles carried particular safeguarding risks. CPOMS (Child Protection Online Monitoring System) Staff5afe continued to be used for recording Low Level Concerns and additional training for sraff increased self-reportirw Relationships with Haringey Children'5 Services Yre consolidated and similar partnerships vith Camden, Barnet and lslington initiated. A new Director of Safeguarding vras appointed in April 2025. taking up the role of Lead DSL (Designated feguardIng Lead) bn May. Trdining in pastornl areas focused on anu-bJllyin& positive behaviour managemenL online safety. $ubst3nce misuse; domestic abu* child sexual abus& record keeping and InfornOn 5harini. affluent neglec¢ supervi5ifkg trips and visits.. Low Level Concerns child-on-child abJs< and rn01 health (11dIng low mood, bereavemenE and self- harm).
HIGHGATE SCHOOL GOVERNORS, REPORT (contlnu•d) FOR THE YEAR ENDED 31 JULY 2025 ACTIVITIES OF THE SCHOOL (continued) Pastoral and Pupil Wellbeing (continued) We continued to empoww puwl$ to positivdy manage their own wellLEin& aThJ parents and scaff to understand and promotr this. Senior School counsdling came back in-house a full-time tounsellor, part-¢ime art therapist and Thvo Vl1b.n8 practitioners. Our Clinical Mental Health lead advised on ComeX cases. The Pre-Prepardtory and Junior Schools also had access to an art therapisL counsellor and parent pracritioner. The diversity of therapeutic n)traels in the team meant VE could supprt a wde range of putMl& and the guidance of the Clinical Lead lOwed us to escala cases with extvnal agencies vrtre needed. Pupil voice remained a Centr component of pastoral care. The ants-bull'ng committee presenred w Governors and senior leaders on their vfftk on tackling gossi and Sixth Forni peer menral heabth champions offered mentoring to younger wpls. Pastornl work Nyds strongly informed by our inclusion projects. V•ryth the overarching aim of enabling all members of our community to feel a strong s)Se of belonging. An A$Sn( Head Pastoral and Str7tegic Inclusion. appointed in April 2025. blended a role focused on pjpil inclusion and antiThbultying with SUFWting staff and pupils. The focus on anti-racism continued. with all ww15 in Years &13 Comeng the second iteration of Hemisphere anti- racism tyaining and all staff complets.ng phase on@ as did our anti-sexism work" our partnership with the Centre for Excellen on Chikl Sexual Abuse helFd us audi¢ our w)vision and devel¢)p a training pLin for 2025-26. Staff Wellbein8 In January 2025. 7 of our staff completed the biennial Staff wellbw.ng surrfey with the eernal provider, Welbee. The questions are based on the Health and Sakty Executive's stsndard¥ results showed improvements across all standards since the June 2023 survey. Progress has continued vith our Staff Wellbeing Devdqfftnt Plan under 1¢$ five core pilla Mental and Physical Health: rrental health fir aid trdining was included in the new staff induction FMMe. Termly menol health first alder and Stsff Wdlbeing Committee meetings drew up accions stemming from the staff v4dlbeing survey. Learning and Devdowwit online training frameworl to be fornially launched in September 2025. signposts staff to resources rdating to job areas and competencies. Communiw. actions from the Flair survey have been addressed and training delivered. SupF¥)rt Systwn Surface Pros have been distrilyJ¢ed to teachers and new photocopyinglprinting protocols and systems introduced. The Working EnvIronmt offices and spaces ha¥e been improved, and More vrdter foun¢ains installed on site. 10
HIGHGATE SCHOOL GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 JULY 2025 ACTIVITIES OF THE SCHOOL (continued) Environm¢ntal Surtainability The focus remained on cwr three core 5UStainabilsty obiecu To enart our environmenttl Strategy Plan. We cdlecred accurnr£ SelIne data on our khool's core carbon emissions (e.& dectrKity. ter and travd): installed LED lighting in all Junior School classroom& rnstated phtxovol¢aKS; increased our wildl10 meadow covwage,. and began investiDting fulty sviitching to smart Meters. To equip staff and pupils with eater knoN4ed¥e and undvsranding ofenvironmenral issue5. In the Senior School. Wikllife Club and Pupil Environrit Committee continued to feature as part of the extra- curricular provision: a new enwronmentally-themed cros5<urricuLir proiecr was trialed with Year 8," a new academic carousel lecture on dimate change was deliverd to Year l O: assemblies were delivered to all pupils ¢)n ancient trees (and were tin)ed to coincide with Earth Day)", and we screened the film 'Before the Flocd.. In the Pre-Preparntory and Junior Schoo15 environmental c¢nt continued to feature, for example in classwork on the life cyde of a T-shirt and in ralks on parental carttrs. Provision for stsff induded a twilight nining session on enronMental ThAtters (April) and a conference, hosted by the School. for enwronmental educators from across Ldon and the SoutheasL The School also contributed to environmenral educati( in London by grdnting a partial secondment to the Head of Environmental Sustainakn'lity to vk with collogues in the 'Ciry of London Family of khools,. The School's avfdrd for 'Best for Pupil Vol, in The Week Indepnt Sch¢)ols Guth also refflected the care and consistency with which pupils. opinions wftre consulted in relation to the SdN)ol's environmental work. To engage with rdwdnt sokeholders in rdation to core issues e.g. Travel, EducatTronal Visits. Food to effett positive attitginal chang& There vrds regular contact ith Haringey Council to reduce the affKJunt of trnff outside sthool (most notably at pick-up and drop-offj. This area continued to be a source of frustration for the School and our neightx)urs. kn proactive engagement parents and pupils (e.g. letr$ fr sraff. the head and the EnVirment Committ< a biannual Green Tr&veVClean air campaign: agenda items at our Parent Forurn) continwj. We also conducted travel wr¥eys and mintained our TFL Gold Star Accreditstbon. Sraff continued to 'green screen. sthod trips and as such we reduced our carbon emissions from shordlong haul trips: a survey of Seve other independent schools rethled that we're doing y1 in this area and these findings Yre presented to our FArent forum. The Carering Departrnt has continued to SUC$sfUllY reduce meat consumption, introducing termly Plant Power Days in addition to Meat Free Mondayk The Junior School carried a proiett YlShing daily Pla wnething we regularty wgeL
HIGHGATE SCHOOL GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 JULY 2025 OTHER CHARITABLE OBJECTIVES 20W25 In 2024_25. speufK charitable obieco'ves in addt¢ion to educaoon remained a To continue support across the three pillars of our case for SUPFK)rc bursarie4 partnerships and responding to emerp'ng needs in our communrty. The latter includes resPding to the cO5¢f-1IyIng crisis and support for those facing hardship. To continue to support the School's rSary wi$)n to the Junior Sd)ool to allow children ro attend Highgate on means tesced fee assisted PCeS from Year 3. These wtre in addiuon to our continuing obJ"ectives: To continue our commi¢ment to suppor( as the primary educational sponsor. LAET, which provides an acadernicalty selec¢ive. y11-gOverned sixth form free h0o1 in a local communiry where such oppomini¢ies are lackin& To enable CherS to give some of their tsme to lool stace 5choo15 in mutually beneficial way5, SO that more children can have access to the exCellt teachir¢ and enriching activities that Highgate pupils enjoy every day and Highgdte teachers develop profess11Y by chIng different pupil cohorts. To avrdrd a signthcant number of bursaries so children for whom High* is the right sch¢)ol can acces5 the excdlent teaching and enridmng activitses that Highgatr provide& when financially it woukl otherwise rlot be possible. To grow strong and sustained links with sdKW)l& charities and simil¥ ZarlisationS viithin our School's local community. OTHER CHARITABLE ACTIVITIES Partrwship Teaching and Summ¢r Sdwl Our 'Chrysalis' partnership teaching programrne. involving active engagement over 35 local schools in three local borough5. is integral to our edutIOnal philosophy. We employed the equiYdlent of around eight full-time teachers to deliver and also ProVJed finanoal and educational supporl mos¢ notat4y to LAET. Chrysalis Teaching FelloY+S delivered projeLts and ran emrs induthng woviding aCadern SUPFJQrt to students at LAEf. faalirating YklY woiects and clubs across 5evernl academic subjects at F4rmer primary schools. and ddiyering a full programme of activities ar the Chrysalis Summer Schools. The Chrysalis Mock Univerw interview fcy rtner school wpils saw over 110 teaching sraff from Highgate. LAET and London Acadery of Excellence (LAE) Strd¢ford interview over 250 pupils from nine Chrysalis schools. Students from oNEr 80 partner schods attended yarS focused on studying Maths and Chemistry at OxEidge and other highly selective unryersitiek Other events included Girls in Physi which enabled partner school pupils the OPFM)rtunity to attend a tslk Irom a leading expert in the field. the Year 10 STEM day. atrended by 47 pupils from seven partner schools: 45 Chrysalis pupils enjoying Maths lessons and games at the Ri Maths Celebration Day: 60 completing the Maths Olympiad for Girls. a UK Math5 Trust exam to promtxe maths opportunities for female pupils. Additionally. a¢ leas¢ 9.000 primary aTrJ secondary puixls from around the country atided an As rf By ts81C chewdstry demonstratson. designed to inspire interest in chemistry. Our ann1 Chrysalis summer school& designed to enrich the eduotional experiertt of parbcipating soyjents. WelCon 66 primary pupils for a diverse array of sessions induding arL drdma. robotK4 science. and maths. The secondary summer school focused on Year 10 and 12 pupils. offering a comFKehensiYe programme of career exploration. employa.11 S.115 and higher edu(3tion supp)rt to ¢)Yer 75 students. Highlts included a trip to Oxford University and rrrdasses in STEM and humani delivered by Tracher5 from HIgh8a and LAET. The
HIGHGATE SCHOOL GOVERNORS. REPORT (continued) FOR YEAR ENDED 31 JULY 2025 OTHER CHARITABLE ACTivrriES (contlnued) Partnership Teathing and Summer School (contlnued) feedback was very positive: 92% of att kl¢ more preF4red for their futur< more krble about hyher education and UCA& and would recommend the s)mer to othw5. Pupil Volunteering and Community Partrherships Pupils took Fart in a year-round programme of fundrnising actsVIt indLKling sustainable uniform days, bake sales. musical performance& L¥Jskin& quizze& charity week competition& r4tts and games in support of our 'charities ofthe year.: The British Red Cross, Shdter. C¢)ol Earth, North London Action for the Homeless and Designability. Funds were also rdised for the charioe5 Galop. Lit¢le Princess Tnjst and knnk to Hope. Pupil-led fvndrdising raised £12.899 and, throughout the year. over 495 shopping EAgs of food and essential im$ Yre donated to our long- term partner Food Bank d. Additionalty. our annual shoebox appeal ded 88 shoeboxes gfted to Link-to Hope for familie5 and elderty people in Eastern Europ< induding Ukrain Our sec¢)nd. and rW annual, Ging Day Saw pupils. alumni and staff from all parts of the School take part in challenges involving running (or vAlking or skippin&). 4th$. reading, sviimrnin& cricket and art to raise money for Highgats's bursary progrnmme and LA. In total we brought in £196.679, thanks to over 2,OW participants covering more than 6.(KIO mil a beauriful chalk murdl on the F4ayground. several vCkets for the 1st Xl against the alumni. 80 parents, carers and their thildren enioyww the Prtheparatory khool reading challen• and some fiendishly difficult maths problems. Cher SW pupils got involved viith communiry initiatives. &xth frnerS ¥olunteered at Holly Lodge Community Centre for lonely andlor elderly residents of the Imng complx and at the TreeHou5e khool for autistic children. Other pupils shared thdr tech v*izardry at Coffee & Computer4 a local community int¢ia¢ive for elderly residents. Sixth form volunteers delivered weekty l- I numerdcy and literncy 5UPPOrt for pupils at our Chrysalis partner school Glade5more, and othvs supp)rred the delivery of Hfvte'5 Chrysalis Accelerdtor programme for care experienced children and thildren with a social worker. All Year 9 pupils participated in one day ofvolunteering and communiry engagement with local community partners e& elderty care hom local Chrysalis yartner wimary schools and local sustainabiliry proiects on Hamp5tead Heath. Al Year 10 pupils F4rtKipated in a wide rnnge of environmenrakrdaced community attpjn for our annual Environment Morning. Activities included landscaping a kKal church Fyoperty, learning about susrainable eaung practices in community gardens wildlife haLNrat lIdIng and taking FArt in food workshops. In the Summer Term, pupi15 and stsff volunteered to pKk litttr. perforni and more at local events such as the HighKdee Festival and Fair in the Sqre. 13
HIGHGATE SCHOOL GOVERNORS, REPORT (coThtinu•d) FOR TNE YEAR ENDED 31 JULY 2025 OTHER CHARITABLE ACTIVITIES (contlnued) Bursaries 103 pupils received means-tested fee remissi. 92 in the SeJ)ior School (induding 5 refvgee pupils from Ukraine) of vthom 59 received IcrfrA fee remission. consistent wth the policy to concentrate bursary awards amongst children whose parents or carers are able to pay very little or none of our and.. I l in the Junior School. Ty1Ve pupils were. in addition to their ffans-testd fee remlssion, ¥ven grants towards the cost of uniforni and £10.000 vrds allocated to enatre bursary holders to participate in trips for vthich there is a charge. Through donations from former PUFAls {choIneians) and ren the khool also assisted with £68.551 towards the costs of instrumental music lesxins and additional eXseS for IrSary avrdrd holders. The total value of our tsjrsarial support was Q310.974. Of this figuo the School funded £2.219,926 a significant part of which. as ser out in the Accoun came from generous donations. Fp4e of the 92 knior School pupils reI¥lg means-tested fee remission were supwrted by the FrTrends of Hfvte School Society (a registered charity, no. 1056624) which conrributed £91.048. In a new Initiati one Sixth Fcwm pupil was SupP)r by the Joshua Dorgu Foundation. Our wew of our total support packas beyo1 fee remission. continued, with an enhanced "bursary package" being put together for applicants from 2025 onvrdrdk This v•ll ensure a Ire appealing and competitive offer for bursary candidates. The'virtual Head of House. for Bursary pupils 15 now estsblished as a key point of contstt for parents and carers, and inrr(¥Juction$ bea) facilittted by horne visits and coffee mornings. A full sratgnent of our poly on r$arleS is aYdilalAe on our web. there is also further infomation ardilable for parents and carers viithin the admissions section of our Tb5i. Costs associated with other Charitle athitws In addition to the funding associated *ith r$arie& approximatdy £1.350,(KK) rekn the aswciated salary costs for the year (including pension and wnployer's national Insuftnte) of our Communi¢y Parts)ership Direcror, administratyon of and FAStornl support for lyjrsary holders. the share of stsffing costs associated partnership teaching progrdmme (inC1J1ng around 8 fiJll-time equiydlent of soff seconded to LAffj and our Chrysalis Fellows. Around a further £35.000 was a150 incurred during the year on the running costs of our work on paru)ership teaching and community parts)erships, induding trdnspor( equipmenL and Y1¢$ to venues. 14
HIGHGATE SCHOOL GOVERNORS. REPORT (continutd) FOR THE YEAR ENDED 31 JULY 2025 FUTURE OBJECTIVES At the beginning of the academic year 2025-2& governors agreed three overnrthing obiec¢bves for the next five strengthening the Sd)od's finanaal p05iuon suth that the impatt of VAT and other costs are mitigaod. in parcicular through the opening of additoonal schods alxoad and in the UK so that neither the Sthool's curricular and ctrojrricular offering nor its charItae reath is reduced. and 50 the latter may grow.. strengthening the Schcrf)I's ability to provide an Owwminded and humane education responsive to changing polirical wsions. in particular rf faceAJ by regulatory or external pressures: understanding and, vknere necessary. mitigatyng the thanging effects on young peopl4 on families and on parenting of pupils online lives. in wms of their ellbein& behaviour and value& The idea behind these objectives is to ensure the School directs its discretionary effort - i.e. that which 15 not already allocated to the quotidian bjt evervimportanL and no le55 prioritized. teathin& learning and pastoral care, vthich are rTr)re directly covered in annual rewrting - at issues whbch currendy affect the School and its community. By an "open minded and humane education" the 5th(1 means one which develops and protects free-thinking and receptiveness: promoce5 enquiring tolw7nce and curiosity: and wves children learning that is Intered to have a civilising effett on them. GOVERNANCE Structure. 8OVtrnance and managwnent Our Governors (listrd in the next section). who are our Charitls are responsitle for the governan of our SclK)ol. HIgh8a 15 governed in accordance with our Stheme of Governance, dated I September 2005, as arnered. and our Governors are members of the 80(ty Corpordte of Yhe Wardens and Governors of the POS5es5ion& revenues. and good5 of the Free Grammar School of Sir Roger Chobmeley. Kn¢ in Hh8atr" Management is under the dirertion of our Head. Our full governing tody meets at kast six times a year. The following four sub<ommittees all meet at least three times a year. ( l) Financ& ALKlit and Risk Commitw (2) Estates Commite. {3) Nominations and Remuneration Committee and (4) Safwarding Commitree. Governors have also esrablished a nOrfee income Vng group (which. from I Septanber 2025, has become the Interim Advisory Group). Governors drdwn from the suMMItEees meet periodicalty to review the ethical dimensK•ns to school policies and. whexe required. to consider signfficant matter5 of education policy or prnctice. The N¢)minations and Remuneration Commi¢¢ee is responsible for overseeing Sucs1On planning to ensure our governing body conrains appropriate diversity. experience and skills. and making recommendations w Governors about recruitment wocesses for new Governors. Recent appointments have involved advertising roles within our School community prior to a sifting and intervie•V toCess. in 2022-23 Y Vrked with Nurole for the specific appointment of a Deputy Chairrrran and four new Governors wwe subsequendy appoin in the Michaelmas Term 2023. Two additional Governors ve recrnited during 20225 to join the Governing Body in 2025-26. All new Governors receive induction trainin& The Governing Body can also appoint a550ciate mthrs to s¥ve on one or more of the sub<ommitteesIvrklrtS groups andlor to at*nd full Governing Body meetings. Assocrd¢e members are often selected draw on expertise and experien from outside the Governor membership. During 202425. an a5socHtr member has served on the Estates Committee and on the Sus¢ainability and Environmental Executive Commit. An addityonal associate member Wds also recruited during 202&25 to loin the Safqthing Commit 15
HIGHGATE SCHOOL GOVERNOR5. REPORT (continu•d) FOR ThE YEAR ENDED 31 JULY 2025 Structure> governance arbd management (continued) In considering the and remunerntion for the khool's key management personnel, d)e Nominauons and Remuneration Committee consider the nature of the role and responsibilities. trends in FAY and competitor salaries in the region afiilable from publKly availaNe sources. Group Structure The Group during the year compised and irs v*tholly owned and contrdled subshdiary- Hi8hgate International Schools Limited. Management The day.aY running of our School is ddegated to our senior kadership tsam. The Head. Adam Pettit¢ exercises the funttions of Chief Executive in leading and directing the knior. Junior and Pr&Preparatory School5, and reports to the governing body. The day-taY responsibility for management of the Junior School and Pre- Preparatory Sthool is exerosed by the rewtive PrinciFqIs: Philippa Studd (Principal of the Junior Sch¢JoI) who report5 to the Head. and Emma Duong Saka (Principal of the PrfrPreparntory Sd1) who reporrs to the Principal of the Junior School. The Head is assisted in the Senior Soknol by t¥vo Senior Dewty Head& Todd Lin&ay and Louise Shelley. a Deputy Head (Academic), James Newton. a Deputy Head (Pastoral). Rebecca Golland, and a Deputy Head (Professional). Graeme Robertson, togetttr vrfth a number of Assistant Head& The Bursar, John PheasanL 15 responsible for the management and leadership of support staff, and the financial administration of our School. and reports ro the Head. The Bursar also acts as Secretsry and Clerk to the governing body, in vA)ich role he rep)rts direcdy to the ChainrAn. The Head. PrinciF41s of the Junior and PvratOry Sch<)ol& Deputy Heads and Bursar rr¢ake up the Strategy Management Committee. ADDRESS OF SCHOOL Hightate Schwl North Road High¥a London N6 4AY REGISTERED CHARrrY NUMBER 312765 AUDITORS Haysmac LLP 10 Queen Street Pla London EC4R IAG SOLICITORS Farrer & Co LLP 66 Lincoln's Inn Fields London WC2A 3LH BANXERS Coutts & Co. St Manin's &7nch 440 Strdnd London WC2R OQS 16
HIGHGATE SCHOOL GOVERNORS, REPORT (contind) FOR THE YEAR ENDED 31 JULY 2025 INVESTMENT MANAGERS RBC Brewin Dolphin 12 Smithfiek4 Street LorOn EC IA 9BD GOVERNORS WHO HELD OFFICE DURING THE YEAR ENDING 31 JULY 2025 FA&RI Safeguardln Mark Barber MA MRICS FRGS FRSA l¢nny Brown MAIOxon) loan Deslandes bEHl OBE P14 Sam Klng KC MA(&&I Hannah Lewii MED¥lQAon) Treasurer Kevln Ilccarthy LL8IH¢)rtl BCL{Oxonl Notsry Pubk Deputy Charman L•onle Morel MS¢M Xumar Panla BA LLDIp Aly Patel MA MBA Robert M Rothenbery M8E BA FCA CTA Chatman Paul RothTw•II MA Rwed 8 OctL**r 2024 Danlel Wlddicombe MA R¢s¢ned 8 Qac+¢r 2024 l Member ofthe Ajr£ & Rtsk ComrrMtt¢¢ l Memb¢r tlthe E5)w Cwmitree. 3 Member dthe Nominadons CorNnittht 4 Member dthe Safewdiry CoftmitteÈ. 17
HIGHGATE SCHOOL GOVERNORS, REPORT {continu•d) FOR THE YEAR ENDED 31 JULY 2025 PUPIL NUMBERS AND FEES Pupil numbers were 1.948 in Septttnber 2024. Our published fees per terni, for 2024-25. were £8,830 (Senior School). £8.095 Uunior School) and £7.645 (Pre-Preparatory Sthool). Following the LaLK)ur government's removal of VAT exemption for independent xhools from l January 2025, to cushion the impact on pamts as much as possible. fees were discounted for the Lent aj Summer Term5 2025. fees including VAT for these two terms We £9,645 (Senior School). £8.836 Uunior Sthool) and £8,342 (PrfrPreFW7tory School). This resulted in increases to parents in the region of [0% for these two renns from MKhaelmas Terni 2024. The fees are inclusive of the use of books and stationery, and Practical all other ex¢ras including furure life membership of our alumni society (Cholmeleian Society), field work one resbden(ial trip in Years 7-9, and day visr¢s in currKular time. FINANCES Total fee income in 202425 vrds £45,360.901. The oPan8 defici¢ was {Q091503). Thi5 defKit VAS largely attriburable to { l ) reduced income as set out aknve in Lent arml Summer Terms 2025. (2)10s5 of charirable relief on business rnres in April 2025, (3> increased employers. National Insuran from April 2025. (4) increased pension costs and {S) rea55essment of future edged donauons. Governors continue their strategy of deploying all net incomin8 resources to in¥e5tyng in the Sch(d and Charicy to ensure that HighDte keeps. and indeed works ¢0 improve further. 1¢$ p)sition as a successfvl phce of learning and all-round etjucational excdlenc¢ In the current financial year. £3.364.447 sPt in respect of this Investme wogrnmm< ensuring thatthe needs of succeeding genera¢ion$ of PUF4ls a meL as well as the currenL Diversifying non-fee income The School continues to offer paid-for courses ac the Mallinson Sp)rts Centre ar facilite filming opportunities. Furthw work is being undertaken ro explore othw non-fee income OPFQrtunities including lettin, hirings and wider opportunities such as international schools and provision of a pre-school offerin& In November 2024. the School announced its Fartnership with Siam Motors Group and the Phornprapha famity to launch our first InrnatIOnal &bling school in Thailand. The first c<)hort of pupils will be NYelconRd in August 2026. Fundrnising approach and perfomwKe We underrake fundraising acuvities within the schcd community via dirett mail, telephonq community participation activityes (such as cmjr pupils, sponsored walk), fundraising even4 solicitation of individuals, crowdfunding campaigns and email in line with the Fundraising Code of Prac¢ice set by the Fundraising Regulator. Fundrdising is overseen by the School's Developffwt offi by staff all of whom have detailed job descriptions associatèj with their roles and receive appropriate tfdining to reinforce our fundrnising ethics. We are registered with the Fundraiyng Regulator and adhere to the standards of the Fundraising Code of Prdcuce, and act in accordance with the tenns listed in the Charity Governance Code. Fundraising ac¢ivi¢ies are open, fair, honest and resFecthIl; the School does notfundraise from c¢)nsti¢uents who are considered vulnerable or in tircumstan V4hich rnean an individLHI is unae to make an infornxd decision. No formal tompkaints were received about fundraising acuyity in the year. Trustees receive regular reports rewding fundraising acttvity and performance. The year saw donations. tovfdrds lyJrsarie& trnhips general lunds and capfal projec¢¥ received in-year of £565,121 (2023-24: £788,811). The Charitie5 SORP requires dcxutions to be recognised v4hen receipt is probable and, therefore. captures pledges promised for receipt in fuwre years". at year-end as a result of the continued economic uncertainty induding VAT on school fee& the School ha5 rea55essed the likely receipt of 50rne pledges which has had the effect of reducing the total ntt donatlons income in the financral sta*ments w a neKatiYe positH)n of (£449,637) (2023-24: £55.560) (Note 3b to the Accounts on page 34 refers). 18
HIGHGATE SCHOOL GOVERNORS. REPORT (continutd) FOR THE YEAR ENDED 31 JULY 2025 FINANCES (continued) Buildings Governors remain committed to continuing to invesc $ubs¢antially in upgrdding and, where necessary. renewing current academic facilities to ensure that t)ur physic21 estao meets all erner&'ng requirements to a hEh standard. Our current priorities include improving drama. musio SForts and xth form faolities, plus renewng services to, and reconfigurin& our Senior Schoofs Sci lat()rdtories. Additionally, in a drive to maintain our first-rate facilitie& our Schoof continues to preserve its historie buildings to improve the kjok of our School for rhe benefit of staff, pupils and the local communiry. Consequendy work will continu& as parr of our enSIVe capital devdownen¢ F08raMM in upgrdding reaching faaliues and repairing the falC of our historic buildings. During 2024-25. following a number of planning application5 that had ten submitted during 2022-23. in line with a Supplementary Ilanning Document (SPD) for the Sthool's es¢ate that was adowed on 9 March 2021. the khool contynued to consult the communy over the apF4ications. To contribute towards the funding of this progrdmm< the SdK>oI entered into a Fyiwdte placement in Juty 2019 for £60,0,000 derails of which are set OUL Wbthin Note I la to the Accounts. Specific investment powers policy and perfonnce governing sdme alfords Governors FAVen line with those genal app4icable to charirable foundations. Investments aquired by Governo during the year erIng 31 2025. have been acquired in pursuance of those poVr5 and within the stament of Investment Policy agreed wtth Investment Managers. RBC Brewin Dolphin. The Invesunent Objectives aim for a total annual return over rollsng thryear periods of at Iwd5t inflation (RPII plus 4%. As at the end of September 2025. wformance was an annuali5ed return for the rolling three•year period of 8.6% ardinst an annuali5ed return for RPI plus 4% of 95 Work is in hand to try and imwove this rewrn. Reserves Policy In common other independwt sdK)ol& Highpte does not have fr reserve5 readily aydilable tn spend on any of the charity's purpose& As indicated on our consolidated balance sheeo at the year end, our School had total funds amounung to £80.231,263. This VAS split between wdovm)ent funds of £29.514,329, of vthich £27,789,363 related to the net book Yalue of the ori&'nal endowed Foperty ofour 5th001 (principally constityting our main idand sitr in our Senior Sthool), res¢d funds of £1.4H.828. namely donation5 (including pledges) received for Specific purpose& and. the remainder. unrestricted fiJnd5 of £49.272,106. The unrestricted fvnds refflect the residual investment that our SclK)ol has made over the year5 in the fabric of our lIdIng and facilitie& it is not readily afdilable for sPdin& The Governors therdore mltOr the day-to-day operdtions of Hhgate through management of good dgetIng procedures and CaSlI0w. to ensure that it can meet the onFing needs of the operations of the Schcol and conrinue to invest in the fabric of the estate and educational provision. Governors are satirfied that we have Sufflent ardilable cash and faalities to deliver our stratc objectives. Risk Assessment Processes are in pknce to idenufy risks undv the headings of AlmslO'ec Law and Regulation, Governance and ManagemenL Academic, External Factors. Operdtional. Human Resource& Environmental. Technological and Financial Risk4 and the necessary mits8ation& and a55essments and controls escablished to manage these are kept under regular review by our senior Mar¢ and our Governors. Financ& AwJi¢ and Risk Committee. The main risks that have been identified. and the plans to manage those risks ar Challenges to the financial viability andlor affordabblity of 1ndeptsnt schools ty increase5 to cos¢s largely 19
HIGHGATE SCHOOL GOVERNORS. REPORT (corflnd) FOR THE YEAR ENDED 31 JULY 2025 FINANCES (contlnued) Risk As5$M¢n¢ (continued) outside the contrd of schools eiAT. Busbnes5 Ra National Insurance and other taxes}. The Sch¢XJl continues to rewew the educational and other charittble activities to Klentrfy costs that could be reduced rf necessary, consulting with parents, general financHI due diligence and to look to further diversfy income by Identrf.ng meaningful non-fee income opportunities to redu the CUTrent SIfin( rdiance on fee income. SeNceldatalfinancial lom from unauthorised acce5S to Sthool's ne(wk and associated reputstional risk, particulady of a personal data breach. This risk is mawed by a blended approach, including the enforcement of strong pa55word& multi-factor aLrthentiotion for accessing dats and systems. a mul¢i- tiered approach to anti-maPware protection and regular staff avrdreness crnining on cybersecurity. Ageing facilities inadequate for modern day teaching and learning. This risk is managed by the capiral progrdmme whKh aims to addre55 the School's acadenmc requirements by focusing on buitdings in gnificant need of repairs and renevrdls. Reputation of the education and y1-being of our pupils and the acDvt¢ies of our Sckiol. This risk is managed through rdeyant policie5 embedded within our khool through me&ings. committees, sfaff and pupil av4arene5% and having nomirAted senior management resFrf)nsible for spetrfic policie5. Policies indud& Safeguarding policw staff recruitment polioes. and health and safery policies. Other areas of focus indude security and personal Safety. In addition, our Sthool uses wofessional advisers when necessary. Sustaina11 issues that impact on our community. FArticulady air pollution. Issue identyfied as a priority in our development plan. This risk is ffAnaged by the Su5tainabilrry and Environment Committee and the appointment of an Associate Member to the Governing Body v*l)o is helping develop priorities. Diversity of pupils staff. Issue identified as a prioiity in our develownent plan. This risk is being managed by continuing to review our application wocesses to attrntt mre alcationS from groups that are considered under-represented. Governors have been prowded with aSsUrnn tha¢ risks have been adequately mitited where necessary. It is recognised tha¢ systrms can only provide reasonat4& not absolut& assurdnce that major risk5 have been adequately managed. Fixed assets The fixed assets are as srated in the t4lance sheet further detailed in the rK)tes to the financial st#tement& They are considered ¢0 be ardilaNe and adequate to fulfil the obliDtions of our School. 20
HIGHGATE SCHOOL GOVERNORS. REPORT {¢ontinued) FOR THE YEAR ENDED 31 JULY 2025 Statement of Governors, Responsibilities The Governors are rPonsible for preparing the Governor5, Report and the accounts in accordan with applicable law and United Kingdom Accouniing Standards (United Kingdom Accounting Practice). The law applicable to charities in England and Wales requires the Governors to have prepared financial sr2tements for the financial year that give a true and fair view of the sr2te of affrdirs of our School and of the surplus of the charity for that period. In preparing these financial statements. Governors have- adopted suitable accounting policies and applÉed them c0nsrsntlY,- observed the methods and principles in the Charities SORP: made judgements and estimates that were reasonable and prudenL sr2trd that applscable accountyng standards have been followed, SL5bjett to any material departure5 disclosed and explained in the financial statements- and prepared the financial sratsments on a going concern basis. Governors have kept proper accounttng records which disclose, with reasonable accuracy at any time, that the financial statements comply with trust law. Governors have safeguarded the assets of the chartty and taken reasonable *ps for the prevention and detecuon of fraud and other irregularitie& Governors confimi that the accounts comply WTth the requirements of the Charitie5 Att 2006 as amended by the Charities Act 201 l. the Governing Scheme. and the Charities SORP 2015. Governors confim that they have complied wth the duty in Section 17 of the Charities Att 2011 to have due regard to the public benefit guidance published by the Charity Commission. on behalf of the Governors Chairman of the Governing Body and Chairman of Trustees 25 November 2025 21
INDEPENDENT AUDITORS. REPORT TO THE BOARD OF GOVERNORS OF HIGHGATE SCHOOL INDEPENDENT AUDrroRS REPORT TO THE TRUSTEES OF HIGHGATE SCHOOL Opinlon We haye audiod the financi statements ol HighDtr for the year ended 31 Jdy 2025 whKh comprise Con591ida¢ed Sracement of Financial ActitieS. the Con5dTda¢wJ 3nd Charity Bance Shttty the Consolida¢ed Cash Flow Statement and the n¢xes to the fir4rKial statemenr& including a summary of syificant acctyjnting Fdicies. The financial rep¢)rring framework rhat has been applied in their preparntion 15 awAicable law and Unld Kingdom Accounting Standards. including Financial Reporring Standard 102 The Fmonad Repwthi Stthdord oppkth in the UK Republic of Irelortd {United Kingdom Generally Accepted Accounting PracEice}. In our opiniorK the ffinanc statements. ve a true and fair Vrew of the state d the Group's and of thè charl5 afiairs as at 31 July 2025 and of the tharity's net movnent in (und5 for the year them ended: have been property prepared in accordance vrith Uni¢ed Kingd Genedty Accep Accountyng Praalcè; and have been yepard in accordan rwwr•nents Chariues Art 2011. Balis for opinion We have been appoin¢ed as auditor under secDon 144 of the Charities Act 2011 and rèport in ¥COrdan with the Act and rdevant regulations made or hamng effect thereunder. We CC¥Kluc¢ed ow audir in accordante with International Standards on Auditing {UK) (1s IUKI) and apFAlce L4w. Our responsibilttyes under thosè S)ndlS are further described in the Audi¢or's reSpOnbIlItieS for th audit of the ffinIal Maternts sertion of cr rÈporL We are independent of the group in actordance with the ethical requirements that are rele4ant to ¢yJr audit of the nla1 s¢atements in the UK. including the FRC'S Ethical Standard, and we have lulhlled our other ethical responsilxlities in IordanCe with thesè requirwnen¢s. We believ• that audit ev1dw we have ob¢a¥)ed is Sdficif and aFpropw to provide a basis for our opinion. Conclusions relating to going concern In auditing the ffinanCI statement& we ¢crtluded that the ¢ntstees' USÈ CA the going concern basis of attounting in the preparauon of the finla$ s¢ateff£nrs is aptryTh Based on the workwe have wfcfmed. we have not bdentiffid any urKw¢aintie5 relating to events or condityons thaL individually or collectively, may cas¢ SiVMfican¢ doubt on the chan.rfs ability to continue as a going concern for a period of at least ¢wehe months from en the ffinanci Sotemts are audKYised for Our responsitAlities and the respmsitslioes of the trustees wtth respecEtop'cQncrn are described in the rèlèvant sections of this rÈp¢rL Other Information The trus¢ees are resp(s1• the other ithmatsorL The other Inform compriw the information incIjed in the Governors. ReporL Our ¢w'nion on the finanoal s¢a¢ements doe5 not Cover the athtr inforrnatton and. except to the extent othernisè twititly staTrd in our reporL we th) not express any forni Of a$Wran condusion thereon. In connection with our audit of the financial ststemtnt¥ ¢>ur re5W5iknlity is to read the other information and. in doing so. consider whether the other inlarnmtion is m3¢erially irKowistent the financial ststements or our kn¢)wledge obtained in the audit or othemse appears to be materially mi5sts¢ed. If we identsfy such Materi irKonsi5tencie5 or apparent material misstatement& we are requirÈd to deterniinewhethw there is a material misstatement in the ffinanCi statements or a fflaterial misstatement of the other inforniation. If. based on the work we have performed. we condude that there 15 a material misstatement ol t5 other infornHDon. we are required to rw•rt that facL We have nothing to report in this regard. Matters on which we ave requir•d to Mport by tptIOn We have nothing to report in respect of the followin¥ matters in rdation to t*hMch the Charitye5 (Accounts and Reports) Regularions 2th)8 require us to report to you rf. in our opnion.. adequate accountin¥ records have not been kept by the c1w1. or sufficient accountyng records ve nor been kep¢ or the charity financial statement5 are no¢ in enent with the accounting reconls and returns: or we have no¢ received the infornution exphnatitins we reqre for our audiL
INDEPENDENT AUDITORS. REPORT TO THE BOARD OF GOVEIINOR5 OF HIGHGATE SCHOOL R•sponslbllld•$ ol trusth•s for th• finartclal stat•m•nts As explained more fijlty in the trustee5' responsditie5 Statement (srf oyt on p•ge 21). the rrnstees are resptsn5ibJe for the prepararioA of the finantial 5tstements and for being 5atisfd that they give a true 2rd fair view. and lor suth internal control a5 the trustees detemiine is nteessary to enable the eParat)n of fwRncul statements that are free from MIrIal misstatemenL whether due fraud or Èrror. In weparing the financial statements the trustees are respongble kn assemlng the charitls ability to Continue as a going concern. di5t105in& as applicable. matters related to going concern and using the gowig concern bay5 01 accountin¥ leSs the tnJ5tees either intend to liquida¢e the tharw or to cease operafion& or have mo realistic alwnative but to do so. Audltorfs r•sponslbHltl•s for th• audit of th• finathd statsmertS Our objettives are to obtawb reasonable aSSUre about vthether the financ41 stawnems as a Trhole are fret from materlal mi%st3temenL whether due to Iraud or ermr. and to issue an auditorfs report that includes our opinion. Reas¢)n3ble assurance 15 high level of assurance. lyjt 15 not a guarantee that an audi¢ condycted in accordance vrith 1&4$ (UK) WIN 8y5 detect a material m$terneTrt when it exists. Mtssratemenrs <an arise from fr•ud or error and are eonsidered marial il. individualty or in the aggregate. they Could reasonabty be expred ro influtyKe the ec¢)rtomic d&15)5 of users ttken on the ba515 of these financlal 8ased on our understandiig of the thrny and the envmmhtnt in thith it ¢)peraw we IdentrP that the principal risks of non- comp4ance with laws and regulation5 related to The Educatrx Ilndependent School Standards) KegulatKJn$ 2014, safeguarding rtguladons. health and safety requirement& GDPR. ery4oyrnent law and crity law and we considered the exnt to which non- CompanCe might have a material effett on the finanaal statement& We con$Klered those knw$ and regulavofis ihat have a dlrett impart on the preParatn of the financial statements suth as the Charities Att 2011. the St1ment of Recommended Practice for Charitie5 ISOKP 20191. and considered oth¥ lactors such as payroll wes and VAT. We eItell rf4nagem•)t's InceDVe$ and opporwniiies for frauthjknt m7nipularion of the knanc41 statements lindu¢Jng the risk ol override of contro151, and deterwArd that the principal risks were related to improper reco8nitv)n of revenve and marbagement bias in cenain accounting e5tim3tes and judguts. Aui&t wxedwe5 puforrned by the engagement team included.. Inspecting correspondenee reguPdrors and authrtIe% incluthng the outromes of in$peuions", Discussions manageMt incluthnz consideration of or 5wected irh5tances of n¢)n<OrlIlTr¢e wlth and reguhtions and fraud.. Evaluating managemenf's con(rol¥ deITred to preventand detett TreBurill. I1kntsfy13Trd test4 iournal entrie5, Using data aThatytics to focus on her risk entries.. and Challengingassumpt#)ns and judgements made by Mar#gt in ttir accounimg estym•tes and chalkngtof the underlyin8 assurnpuor Becau$e of the inherent Ilmitations of an au¢fiL there is a rtsk that W will not detect al irregularitie& including tho$e leadirbg to a material misststemenr rn the fmanc41 stsments or noTCOMpnce with regulath)n. Thi5 risk increases the more that compliance with a law or reguF•von is remolrtd from the e4ents and trnsctions reftected in the financial statements. as we wlll be kn likely to betoTr awdre of Mi$tsnees ol non•CoMptn¢l The risk is akn grearer regardl irregul¥ilies occurring the ro fraud rather than eOr. as fraud invofve5 intentional concealmenL for¥ery. colusion. onmssth or m1$repretpJn. A rther dexripti¢)n of our re5ponsit41iw for the alit ol the financial 5tsternents 15 hxated on the Fancya1 Reporting Council's Usé of our r•port Th1$ report 15 made soiety to the Chari$ mist¢es. as a W, in accordance Wbth secrion 144 of the Charirle$ Att 2011 and regulations made under section l 54 01 that ACL Our audit work been undErtaken so thatwe mwht sute ro the charity'5 trusiee5 those matrers we are requlred to stste to them in arb Auditor'5 report and for no other purpose. To the lUISE extent permitted by law, we do not accept or assume responsib to anyone other than the chaity's trustees a5 a boty for our au¢tht work for this reporL or for the opinKJns we have forn)ed. LLf Haysmac LLP Stawtory Auditors Date.. 10 Queen Streer Aèce London EC4R IAG 1811212025 Haysmac LLP is eli&'ble to att as an auditty in of 5ecDon 1212 of thè Companiès kn 2006
HIGHGATE SCHOOL CONSOLIOATED STATEMENT OF FINANCIAL ACnVmES FOR THE YEAR ENDED 31 JULY 2025 Tottl 2024 Funds Funds 2•15 INCOME FROM.. School fees receal Other ethratk?nal income kntilary ty3thn8 COme Trading company Invemnet)ts Bank and other interest InVestml incom¢ Voluntary sour< Donations 4$J60,l 614.239 114&348 543. 4%360,1 614.239 114&348 543, 45.951.1 n7.083 1106,287 Is106 &118 429 19,137 1587.037 43546 U17,598 41532 18.291 34.960 1484,59n 1449.637) 55,560 Tgtsl lftcorn¢ 51.294.252 146S.0311 18,693 50.847.914 sI,4L.861 EXPENDITURE ON: Fundrais1 and Finanre c05¢S Tradiog compary 215.993 1.774.1)Xl 265.461 215.993 1.774.0 265.461 161667 1.774.IKJO School operating Cos So21223 654243 9.497 SO.684.963 47,874,263 SZ27&677 654.243 9.497 51940.417 49010.930 INCOME (9814251 (1.119.274) 9.196 S7.m 091503) 57.773 1,589,931 161976 Gaihs on investment a53etS Transfers between knds 14 981425 19ll425) Nét movement In fvnds 11415) 11.119.274) 66.969 034.7301 1.751907 Balance$ 14)ught krward at l AUS 2024 50.254531 1564.102 29.447JéO 81265.993 80.513,086 Balances orrd forward at 31 luty 2025 £49.2n106 £1.444.828 £29314.329 £80,231.263 (81265.993 l amounts dwi¥e from acti+its JI rdins and kses reCd in the year¥e MKkKled in the off•wiil actyri Full ¢omyr4tè4e figwes for the >ar ended 31 2024 5htyn in note l& The aCConYW¥ Ite$ are an teIl ol thi5 Statemè 24
HIGHGATE SCHOOL CONSOLIDATED 8ALANCE SHEET AS AT JI JULY 2025 2025 2024 FIXED ASSETS Tan8ible a55ets 9&640.948 1.954.143 100.977,249 1,869.245 100.595.091 101846,494 CURRENT ASSETS Stock Debtors Cash at bank and in hand 45.845 20.691.817 59.489.171 53.957 1969.224 60.843.181 10 80,22A833 63,866.362 CURRENT LIABILITIES Creditors- due within one year (31553.4891 {1&057.900) NET CURRENT ASSETS 47.673.3H 47,808.462 TOTAL ASSETS LESS CURRENr LIABILITIES 14826&435 150.654.956 Creditors- due afttr one year (68.037.In (68,388,963) TOTAL NET ASSETS £.231.263 £82.265.993 Represented br. ENDOWMENT FUNDS 12 29.514.329 29,447,360 RESTRICTED FUNDS 13 1.444.828 1564.102 UNAESTRICTED FUNDS De5igna¢ed and 8¥11 fw 14 49.271106 SO,254.531 TOTAL FUNDS £80.231.263 £81265.993 The finanaal statements were aFrfmts4 and audKYi5wJ fvx iswe by the Go¥en¥ng Body on 25 November 2025 and wwe Sie below on its beha¥ br. RM ROTHENBERG MBE BA FCA CTA Chalrman H LEWIS MEng(Oxon) MBA Treasurer The acrnrnnY1n8 no¢es are an integral part ol this aftee shÈ
HIGHGATE SCHOOL CHAIUTY BALANCE SHEET AS AT 31 JULY 2025 2025 2024 FIXED ASSETS Tangible assets Investments 98.640.948 1.954.144 100.9TI.249 1.869,245 ICQ,595,092 101846.494 CURRENT ASSETS Stock Debtors Cash at bank and in hand 45.845 20.66S.151 59.27A635 53.957 1969.224 60,843.181 10 79.987.631 63,866,362 CURRENT LIABILITIES Creditors- due within one year {3Z537.9S9} (16.057.900) NET CURRENT ASSETS 47.449.6n 47,808,462 TOTAL ASSETS LESS CURRENT LIABILITIES Iq044,764 150.654.956 Creditors- due after one year (68.037.In) IW388,9631 TOTAL NET ASSETS £80.007,S92 £82,265.993 Ryttented by: ENDOWMENT FUNDS 12 29.514.329 29,447,360 RESTRICTED FUNDS 13 1,444,828 2.5(A.102 UNRESTRICTED FUNDS Designated ind gerdI funds 14 49.1)4&435 50,254,S31 TOTAL FUNDS £80,007,592 £82.265.993 The ffinancial s¢atenRnts wwe approved and th5ed for IS by the Gowi¥ng Body on 25 November 2025 and were Signed below on its behalf by.. RM ROTHENBERG MBE Chairnian AcfA H LEWIS mETh0x0) MBA Tr•a5ur•r The accompanying note5 are an intewal part ol thi5 bthnce sh 26
HIGHGATE SCHOOL CONSOLIDATED CASH FLOW STATEMENr FOR THE YEAR ENDED 31 JULY 2025 2025 21124 RECONCILIATION OF NÉT INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES Net income IGainsllLoss on Investsw Depreoauon Interest paid Interest and dNidends reee¥¥at4e Decrease ¥1 stock {In¢rea$ell detrease in debtor5 lrtcrease in creditors 034.7301 IS7.7731 1983.968 1.774,C (1630.5831 &112 (I S.005.813) 19.167.516 1.752,907 (161976) 3.001.458 1.774.000 IZ560.130) 3.416 1.450.686 1217.268 Net ush flow from op¢ratini •ctyvitles 4.204.697 7.47&629 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of fixed assws Proceeds from sale ol investments Purthase of Investments Decrease In investment cash Interest and dividends re¢tivEd 13.364,447) 297.838 (329.248) (6SO.783} 94&813 (978.095) 5.202 1560,130 1630.583 Net c•sh (used Sny proTAdtd by innsting arth7ltl•s 1760,989) 1.883.267 CASH FLOWS FROM FINANCING ACTIVITIES In¢west paid {l.774.(l) (1.774.OCQ) Net cash •d In Inv•stln8 Ctlvltl {1.774.0) {1.774.0001 Advanc• f••$ New co10$10 Fees Comp)Sbtyon Fee5 Amounts utilwj 434.3KI (3.45&098) 8.283.243 (l.S83.114) {3.023.7181 6.700.129 CHANGE IN CASH AND CASH EQUIVALENTS IN THE REPORTING PERIOD 1{1.354.010) £14.28&025 Cash and cash equinlents at besning of period Cash and tash tqUiY71ents at end of repo8 pernd 60.843.181 59.489,171 46.557,156 60,843.181 ANALYSIS OF CHANGES IN NET DEBT At l Auyrt 2024 C•shfiows At 31 July 2025 Cash an¢J cash equTralents Cash at bank Ad¥ance fees Borrowings Debr due one year Debt due after or year 60.843,181 (10.753.248) (1.354.010} 59.489,171 3.023.718 17,729,530) (60.0o0.Of) 160,CQo,O¢l {9.910,067) 1.669.708 (8.240.359) 27
HIGHGATE SCHOOL STATEMENT OF AccouKnNG POLICIES FOR THE YEAR ENDED 31 JULY 202S ACCOUNTING POLICIES General Informati¢)n Statsment of Compliance The financial ststetrnts have beffi FttF4red in accordance with the financial Re)rtIng Scandard applicable in the UK and Republic ol Ireland (FR5102). the Companies Aa 2006 and the Sratement of Recommended Prattice applicable to charities preparing their accounts in accordantt with the Financial ReFQrting Standard applicable in the UK and Republic of Ireland (FRS 102) - Second edition effectrye l January 2019. The accounts are drdvm up on the historical cott b1$ of accountin& as modrfied by the rewaluation of investments and reyU3(10n of land and buildin The Consolidated Statement Of Rnanaal Acriwfies (SOFA) and Consolidated Balance Sheet coftsolidatr the financial starew£nts of the Chari¢y and 1¢$ Sdry undertaking. The results of the Subsrary are consolidated on a linevby-line basis. Having wewed the fvnding faalities ardilable to the School together with the expected ongoing demand for plaw and the School's future projected cash flow& the Governors have a reasonable expettation that t School has adequate resources to continue rts acuvities fcf the foresble future and consider that there were no material uncenainties over the School's financi viaixlity. The likely financial challenp on the horizon has also been provisionally a$Sed by the Gcwernors and. by reviewing the charity's Onng activtties. its forecasts. miugations to rrranage incomelexpenditure and risks the organisation remains financially Viab Govern will continue to monitor these c105ely. Governors, monitoring of perforniance and wdlbeing indicate that overall there has been no signifThnt impact on our activities that cannot be nunaged. A detailed updated financHI forecast has been prepared and considered to assess the imF4tt of the financial challenge5 on the horizon: Governors have a reasonable expectation that the School has adequate resources to continue for the foreseeaE4e future. A5 a result of the priwa placemenL any significant thange is likdy to impacc on the pace of delivertng the capital progrdmme. Accordingly, they also continue to adopt the Nn8 concern basis in preparing the financial statwnents. The khool 15 a Public Benefit Entity registered as a driry in En*nd and Wales (charity number. 312765). Critical accounting judgements and key sources of estimation uncertainty In the applicaoon of the atcounting lIcies. Govern are requireAJ to make judgement& estimates, and assumption5 #b¢t the carrying value of assets and liabilities that are not readity apparent from other 50urce5. The estimates and undertying aswmptions are based on historical experience and other facu)r5 that are considered to be relevanL Actual results nAy drfler from these es¢imat The estimates and Undedn% assumpt15 are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in vthich the estimate is revised if the revision affeccs only that period. or in the period of the revision and future periods rf the revision affected current and future period5. In the wew ofthe tru5tee5, the depreoation rates charged are the Governors best esrimate ofu5eful economic life for the assx and changes could Ult in a material adjustment of the carrying amount in subsequent year& The Schod prowdes for bad detrts which indudes a judgement on recoverdbility and 15 reassessed annually.
HIGHGATE SCHOOL STATEMENT OF ACCOU•ING POLICIES FOR THE YEAR ENDED J I JULY 202$ ACCOUNTING POUCIES (continued) The following accounting policw have been aled C<$1Y in dealing wtth Itn5 vthich are considered matrrial in relation to sch(.5 financial ststemenrs. Fees arbd 5irnilar earned income Fees receiydble arh4 charges for services and use of preThMse& le55 any alk)wances, scholarships, bursaries gt7nted by the School yinst those fee& but induding contribu$ received from restricred funds. are accounted for in the pwicMI in N*thich the service is pmwded. Bank and interest income Income from cash de$Its and bank bAlances is accounted for on an accruals basis. Investment income Investrnent incorne from dividends and feI interest securi¢ies is accounted for on an accruals basis. Donations. lepci•s grants and other voluntary incowoj Voluntary income is accounted for as and when enti¢knrent aris< the anN)unt can be reliably quanttfied and the economic benefitto the School is considered protrable. This particularly impacts on accoLJntingfor pledges where the School is notified of income during a finantial year but the income 11 not actually be received until a later accounring year. Such income is reL0gnIs upon confirniauon of entitlement where 1¢ is probabbe chat the income will ukimatdy be received (not on receipt>. The detail of plèjges 'previously recognised, (pledges recognised in earlier years. Accounts that had not receNed by 31 ju 2024) and 'pledges carried forvrdrd. (a combination of (a) pledge5 'PreOuSlY recognised. that had still not been received by 31 July 2025, (b) new pledges made but not reVed during the period l August 2024 to 31 July 202S and (c) any changes to pledges 'previt)usly recognised. where it 1$ no longer yotrAble that the irKome will ultimately be received) is set out in Note 3b. Volunrary inccrfne for the School's general PuryseS is aCCound for as unreStrted and is credt¢ed to the Generdl Reserve. Where the donor or an appeal has imposed trust law $trIc0n voluntary income is credited to the relevant restric fund. xp¢nditure ExpendirJ)re is accrued as %)on as a Irability is considered probable. discountd to present value for longer- term liai¥lityes. Expendirure attrityjtsble to mre than one cost category in the Statement of Financial Activities is apportioned to them on the basis of the esumated amount attrIrable to each actyvity in the year, eicher by reference to 5¢aff or the use made of the undtrtying assets. as appropriate. Irrecoverable VAT is included vth the irn of expwdi¢ure to which ir rekates. Governan costs comprtse the costs of running the thariw. induding strdtegic planning for its future developmen¢ external audi¢ any le8al athice for the Schools Governors. and all the tosts of complying with con5Citutional and statutory requirement& such as costs of Board and Committee meetings and of preparing statutory accounts and 5ausfy'n8 public accounobility. 29
HIGHGATE SCHOOL STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDED J I JULY 2025 ACCOUNTING POLICIES (continu¢d) Tangibl¢ fixed assets Tangible assets are indvded at their net book value at the year4nd. Expenditure on the atqUi5ioon. construthon or enhanment of land and buildings ofa captsl nature together with vehicles furn•ture, machinery. ICT infrastnthre and other eqUiPnt of a capital nature are capitalised and trdrried in the bafrance sheet at historical C05L Other expendicure on eW1FM)ftt incurred in the norn)al day-to4ay running of the School is charged to the Statement of Finanaal Activities as incurred. Individ1 Irn5 cosring 5 than £ 1,000 are normally written off as an expense in acquisition. Depreciation is provided to write off the cosc of all relennt tangible fixed asser5 less e5¢imated residual value Lqsed on current market wi. in equal annual insralments from comment¢ of the proiett over their Freehold Prop Furniture and EquIpThr - Furniture, EquiFxnent arKI - Motor Vehicles - 2% of caryng value - 2-10% or IO% on cost . 20% on cost Included in freehold pro[r are resrdentNI Frywcies oYneJJ by the Sthool that are let on a short-temi basis, and subject to short notice The properties are held at cost and were acquired in line with the School's Continu deve1cnt srrategx and as suth are treated as Qwdtional propwry WKI not investment Investments Listed investments are walued at marke¢ value as at the balance sheet dat¢ Unrealised gains and losses arising on the rerdluation of investments are credited or chrg&4 to the Statement of Financial Activities and are allocated to the approwiate Fund according to the"Ownlp" of the undtrtying assets. Stock represents goods for resale and is Yued at the lower of cost and nec realisable Yalue. Amounts received the Sthool'5 Advan Fee sch contrnt kn educarion not yet utilised w setde school fees. are recorded as Ad¥7nce Fees in creditors and allocated as current liabilities vthere the educauon will be provided within 12-months from the reporting de and as tem) liabilities thre the educalion will be prowded in suwuent yeark Fund accountin8 The charitaL4e trus¢ fvnds of the Schod are attounted for as unrestricted or restritta income in accordance with the ternis of trust imFosed by the dor or any a to vthich they may have responded. 30
HIGHGATE SCHOOL STATEMENT OF ACCOUNTING POLICIES FOR TrIE YEAR ENDED 31 JULY 2025 ACCOUNTING POLICIES (continued) Funds The School maintains four rypes of fund: {a) Endovfftnt- vhere the capird is held in perpetsjity and income generated used for Charitab purpose5 expenditure. (b) Restricted - where the purposes for Tthich funds may be used have been restricted by donors: (cl Designated-vhre the funds ¥e unrestricted vl)exe the Trustees have designated them for a specific purFQSe: (d) Ger1 - where the funds are Unrestri and not desigted. Endowment Funds The original land and EMJildings of the Schcd are subj.ett to a permanent erthwmenL The Endowment Fund refiecrs the reEased cox of assets princiFdly constituting the rna Island Sit4 followirig engagement with the Charity Commission. as at 31 Juty 2016. The Sinking Fund reesents recoupmert of the pnxeeds on dwosal of endowment propwty. The Prize Fund consists of a number of individ1 funds set up by donors for the provision of prizes. Restricted Fund5 The Library Fund exists to wovide books and equIpTht for the School library. Designated Funds The building reserve represents fvnds generated from appeals and tran5fer5 from unrestricted funds. The resvve rellts that part of the School's Unrestric fijnds which relates to property. Pension costs Retyrement benefrts ¢0 employees of the School are provided through pension schemes. The penston costs charged in the Ststement of Financial Acrivities are deterniFned a5 follow (a) The Teachers. Pension Schwne - This $then is a multimpbytr pension schem& It is not possible to identify the School's share of the underlying assets and IAlx'lities of the Teachers. Pension Scheme on consisont and wsonatAe tsis and therefoo as required by FRS102. accounts for the scheme as if ir were a defined contribution scheme. The sc1's contribution& whKh are in accordance with the retommendations of the Governmwrt Arnry. are dr8ed in the period in whh the salaries to vthich they rela are payalAe: (b)The ISPEN is a multi-wnF4oyw deffined beneffit scheff£. The assets of the scheme are held independently from those of Highgate School in an irthFendently administered fijnd. The costs recognised during the year relate to the movement in the year end liabiliry. which is disck>5ed in more derail in NO I l and 17: (c) Other pension costs are charged in the accounts br defined contribution sthen)es and represent the contribuuons PIYae by the School during the year. 31
HIGHGATE SCHOOL STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2025 ACCOUNTING POLICIES (continu) Opernting leases Rentals under operating leasu are charged on a stra¢4ine basis over the lease even rf the payments are not made on such a basis. Bwefts reVed and recewdble as an incentive to sign an operating lease are similarly spread on a stra¢41e basis over the lease term. Financial instrurn¢nts Basic financial instruments are initialty recogrbised attran5action Yalue and subwuently measured at amortised v•ith rhe exception of investments wthich are held athir Yalu& Financkl assets held at amortised cost comprise cash at bank and in hand, together trdde and other debtors. A speafic provision is made for debt5 for vthich recoverability is in doubL Cash at bank and in hand is defined as all cash held in instsnt access bank accounts and used a5 working capital. Financial IralMli¢ies held ar amortised cost comprise all crediwrs except social security and t)ther taxes and pro¥ision& Credit(5 and provisions Creditors and proviOnS are recognised vthere the charity has a present obl1on resulting from a past event that will probably result in the transfer of funds to a third parry and the amount due to 5etde the obligation can be measured or estimared relrably. Credi¢cn and provisions are normalty recognised at their settlement amount after allowing for any trade discounts du Debtors Trdde and other debrors are recolSed at the 5etdthnt amc¥Jnt due af any trdde discount offered and Tret of a provision for bad debts. Prepayments are alUed at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in PAnd indude5 cash and short twm liquid investments wth a short maturiry of three months or less from the date of acquisition or opening of the dwsit or &miLar account. 32
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025 FEES 2025 2024 Fees recvable C51$¢ ofr. Tuition fees Music fees 47.235.215 807.747 48,00&835 741.102 48,041962 {421,S69) 48.749.937 (435.065} Less: Allowancès LÈSS.. Bursaries lunded from Unrestric funds Less." Bursaries fimded Irom restricted furwJ5 (i.n5.177) (494.749) {1,704,691} 1612.453} (1219.926> 140.566} 317.1441 {45,927) Less.. Sctrtolarship5 £45.360.901 £45,951.801 Scholarship5. bursaries and othtr awards wtrè tol 17 pupils {2024: 120). Wrthin this means tes¢ed bursarles totalling £Z293.358 were pd to 103 PWNIS (2024: a317.144 to 107 wpdsl. OTHER INCOME 202S 2024 Other U¢*I)0naI charitable income Entrance & revstrdtion fees Lettings Other •ducational intt•me 219.906 107.794 28&539 273.359 182.285 271.439 614.239 n7.083 Other ancillary artivities Mallin59n Spons Centye Other income Rents Educational visits 6th Form and Tuck knp income 659,511 556.840 3.000 863,384 658.291 24.7n 910.688 551.850 26,299 1148.348 2.106.287 761587 £2.833.370 2b. INCOME FROM TAAOING SUBSIDIARY During the year. the related party transaction wth its subsKliary in respect of invoices received for legal and professional f¢es. salary recharges and licence fee was £3S3,763.16 nét of VAT. A totsl of £78.568 remained ¢)utstanding and payable to the School. As at 31" july 2025, thÈ nÈt asse¢s of the subsidiary wwe £223.671 2025 543,480 Turnov Administrative experbses Opernting profit 33
HIGHGATE SCHOOL NOTE5 TO THE ACCOUNTS (contind) FOR THE YEAR ENDED 31 JULY 2025 Ja DONATIONS AND LEGACIES (2025) 2025 Restrrictyl Funds Lknrestritted donatsor (484.59n {484.597) 34.960 34.960 £34.960 £(484.S97> £{449.6371 DONATIONS AND LEGACIES (PRIOR YEAR) 2024 Restricted Funds Unrestrtcted donations 17232 17.232 3&328 38.328 £3&328 £17.232 £55,560 3b. BREAKDOWN OF DONATIONS (se¢ ex comments within ACCOong Policies) 2025 2024 Pledges [yewSly recoymsed Donations received in-year Pledges arried fward {1.404.818) 565.121 390,060 {2,138.0691 788.811 1.404.818 DotionS income q449,637) £55,S60 4& ANALYSIS OF EXPENDITURE 2025 2024 Net incc¥n Audi¢ors' remention- audir lee5 Audirors. remuneratr<Jn- other services Dyeciatio H,000 49.220 7,944 3,001,458 2.983.968
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (c¢)ndmu) FOR THE YEAR ENDED 31 JULY 2025 4& ANALYSIS OF EXPENDITURE (continued) Average Staff 202S Total 2025 ctivi Teaching costs Welfare Premises Grants ayrdrds and prizes Support costs and governan Pensitin dethci¢ Op•r•tlng Costs 418 71 28.067.202 1.525.842 1.899,260 3,369.951 31.437.153 1.456.664 2.982.506 3.736.590 8.619,818 10.848 10,848 1053.S33 5.499.638 2.135.0 1983.968 10.627,S86 50.684.963 1983.968 75 3.446.105 1135.( 37.073.409 Fundraising and De¥dopment Trading costs Finance costs 105.829 110,164 265.461 1.774.O¢XJ 215.993 265.461 1.774.000 610 £37.179.238 Q983.968 £11777,21 I £SZ940.417 The Pension Deficit rdaw ¢0 the cwe as set out in Note 17. PRIOR YEAR 2024 Staff 2024 Teachint costs Welfare Pr¢mi Grant& awards and prizes Support costs and governance Operating Costs 413 26.581760 1.410.5 1.759.243 3.971761 30,555.521 1.454.323 2,864.915 4.223.273 8.983.974 11198 11198 1506,229 5.457.655 3.001.458 11168.784 47,874,263 39 3.INJI.458 73 1951.426 31704.021 Fundrdising and Developmw Finance costs 57.440 105.227 1,774.000 161667 1.774.000 588 31761.461 £3.001.458 £14.048,011 £49.810.930 35
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (con¢inwd) FOR THE YEAR ENDED 31 JULY 2025 GOVERNANCE INCLUDED IN SUPPORT COSTS 2025 2024 Remunwation pwd eo au¢knrs audit str¥1 other seNce5 44.000 49.200 7.9H 299 £47.0 £S7.443 The SUFWI ¢0S¢S rdate to the charitable acty¥i¢y of running the Schod. 36
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS {continu•d) FOR THE YEAR ENDED 31 JULY 20Z5 STAFF COSTS (indudin8 retstd party transactlons) 2025 2024 No. The awa¥e number employed by the conwy within eath ategory of pex%>ns Teaching sraff Support staff 418 192 413 175 610 Wap and 5aJaries Sooal Security costs Pension costs Terniination payments Pension deficit 25.696.129 3.039.730 6.299.279 9.1Th) 1135.C(#) 24.633,348 1728.591 5,391.039 8,483 £37.179.238 £3Z761.461 A%y*te emtAoyee of9 (2024: 9) key Mae¢ ptrsonnel 253.134 £1.801.057 2025 2024 The wmber of hither paid •np14>ytts was". Taxablè emolurnent5 band: £60.000- £70.ff £70.1)00- £80.(xx) £80.fy)0- £90. £90.fy)0- £ I00.fy)o £ioo.000- £i10.o £I10,000- £120,OC(J £120,000- £130,OC(J £150,000- £160,0¢)J £160,000- £170.OCQ £170.000- £180.OCQ £180.000- £190.0 a i 0.000- £220.0 £220.000- £230.OC(J É4(x).000- £410,0th) É42¢AOOO- £430c 52 so 18 14 47 14 170 147 * For this member of strff, emolurnem5 a contribution in lieu of emFloyer's pension con¢rIbl0n$. without whKh would result in pay being in £350,60.(mj b. Dwini the year the School oboined wthin rts gewdl insurarK4 prOfesw indemnity and goNErnors liability insuran¢e ¢¢)ver of £10,OOQ(MIO (2024: £10,000,0). In addition 10 the remunerdDt)n the key management pwsonnel. the Sthool provides fee remission to stsff typi1 of the independent Sector and accommodatson ¢0 staff who are wtided to accommodation by virtue of their 37
HIGHGATE SCHOOL NOTES TO TrIE AccouNfs (continued) FOR THE YEAR ENDED 31 JULY 2025 There were no travd èxpenses in reSpt of the Governing Wy {2024.. £299 for one member). There were travel osts refunded co Threctors of HISL wtalling É5.786 {2024: £3.5fy) for one Director). Thrtt Governors Kdve a ¢otal of £30.IC(I ro the school during the Yw. No Govérnors rrfeived any remunerntiw or benth other thin the eypen5es disdosed ai)ve frryn the School or any connected organiuuon. Therè are Governors during the year who have pupils at the School.. the arrangements are M the $e basis as lor other parents at the school. Thtre wwe no rdated party tran5actyons dwing the year. During the year. in addithon to the costs within the detsil on page 14 associated with the London Academy of Excellence Tottsnham {). £ll)0.379 (2024.. £379.871) raised throL¢h Highgate's DeYelopnnt tearn on behalf of L4ET transterred to thwn accordin. The Head. r$ar and two Govemors from Highgate are governor5 at TANGIBLE FIXED ASSETS Freèhold Land Equipment and Pernian•nt and Motor Idin81 Vehicles Totsl COSTIVALUATION At l Awst 2024 Additsons Adju5fftnt 14&17&294 3.364.447 R71 &7W) 146.05&015 3.364,447 {2.716.7801 1120.279 A¢ 31 July 2025 148.825.961 14&705.682 2,120.279 DEPRECIATION At l Augur 2024 Charge for the year Disposals 47.201.045 1983.968 45.1 M695 1960.576 2.071350 23,392 At 31 July 2025 50,185.013 4&089.271 1095.742 NET BOOK VALUE At 31 july 202S £9&640.948 £98.616.411 £24,537 At 31 Juty 2024 £1 rAJ.977,249 £100.929.320 £47.929 The onpnal land and lyJldinz5 of the are subpct to a pernianerrt ffidowmenL See No IZ Depreaation calojlated on a historical b5 would be1tr4ver by £495.7(X) than the amount shown above (2024: lower by £495.7(M)).
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (continued> FOR THE YEAR ENDED 31 JULY 2025 FixeD ASSET INVESTMENTS Total 2024 Endowment 2025 Market value At l Au8us¢ 2024 Additions Disposals Revaluatio 1,846.159 329.248 P92,733} 51668 1.846.159 329.248 (291733) 51668 1.651,901 978,095 (903,438} 119.601 1.935.342 1.935.342 1.846.159 Cash awaiting investmert 1&801 18.801 23,086 At 31 July 2025- Gro £1,954,143 £1.954.143 £1.869.245 InvestmÈnt in 5ub5ithary At 31 July 2025 - Charity £1.954.144 Highgatesthool gwns all the sharecawtsl11 £1 ordinary strwe) of In¢errkty<)nal Sthools Limi¢ed IHtSL). incorporaod in England and we& rw's¢ered number 15791508 arml addrèss North RrAd Hithate. London N6 4AY. The subsidiary promotes and hdps esuilish overseas sdwls and collw HISL has been a subsbdiary of Highpte since its irKorporation on 20 June 2024. STOCKS 2025 Group 202$ 2024 Group 2024 Charity Caterin& cleanin$ soiion 45.845 £45.845 £53.957 3,957 DEBTORS 2025 Group 2025 2024 Group 2024 Charity 1&06&627 1&068.627 7& 568 115317 1.554.394 1848.245 551109 552.109 Arno¢ due fr¢rn subythary Loan5 ¢0 employees Prepayments and attrued income Other debtors 115.317 1354.394 1953.479 113,000 1061.099 243.016 113.LV)O 1061.099 243,016 £20.691.817 QO.665.151 £1969.224 £2.969.224 There has been a change in presentation fdlowing the introthaion of VAT reprding hi5t¢)rically the School netted off forthconwng Miduelmas Tem lee debcors {invoiets issutd pr&yèarnd for fees due p05t-yearndl aDinst the correspondn8 deferred irttsmt F* debt<>rs now rel1 invoices issued Wore yearwend. There is a corresponding irnpact cffi defmd incorne in Crediws in Note I l& Indwjd on other d•btors are amoun¢5 of £2.502.562 due after one year. 39
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS {c(Krtinued) FOR THE YEAR ENDED JI JULY 2025 10. CASH AT BANKAND IN HAND 2025 Grnup 2025 2024 Group 2024 Charity Bank deposlt and cwren¢ Kcounts £59.489.171 £59.276.635 £60.843.181 £60.843.181 I l & CREDITORS 2025 Group 2025 Charity 2024 Group 2024 Charity Due within one year Fee deposits Fees retsNed in athce Advance Fees Audit & accountsncy Accruals and deferred income Twtion and social securities Other <yethrors 3.935.300 3.935.3LW) 3.206.800 4.468.335 3.757.285 44.000 4.016.121 3.20&800 4,46&335 3.757.285 1979.358 49.000 20.113.080 4.919.589 557.162 1979.358 20,113.080 4.919.589 54&632 4,01&121 565.359 565.359 31553.489 3U37.959 16.057.900 16,057,900 Due after one year Advance Fees Pension provision Other Loans 4.750.In 3.287.0(Xl 4.750.In 3,287.0(Kl 6.995.963 1.393.fXJO 4995,963 1,393,000 68,037, In 6Q037.In 68.38&963 68.388.963 Total crediwrs £I(,590.661 £ I ¢Xl.575.131 £84,44&863 £84.446.863 On the 24 July 2019. the School into a priydte plx•nK for £61kn funthng paid to the Sth¢)ol in ¢kee trarthes to assist in the financing of the Schod's Capi prOgrMe. The first drawdown of £20m reIved on 24 july 2019 wbth an incernst rnte of 3.OIX reppble on the 24 Swmber 2054. The 5ecoThJ draWd¢n totalling £40m was received 24 Septtmber 2019. £10rn an in¢eresi ra of 2.90% repayable on the 24 smb 2044 and £30m with an interest ra of 194% repaythe on 24 September 2049. For all three tranches the first intere5¢ payment was made on 24 March 2021 will cononue at six4nonthly int$ thereafttr. Ae 31 Juty the Schod had thp foll<Ywing conwnitsnw d rMeIlbIe opeAting lew: 1025 2024 Leases exwring within l year Leases expiring between 2- 5 r$ Leases expiring greaw than 5 years 11347 8.7 14.504 16.655 20.354 £31.159
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (Contin) FOR THE YEAR ENDED 31 JULY 2025 I I b. ADVANCE FEES The lees in adrdncè balan relates to puwls whos• lees have been paid in afvanc& The advance fees will be applied as follows.. 2025 2024 After 5 years Within 2 to 5 years Within I to 2 years 343,229 1412.488 1,994,455 4c.489 3.556.875 3.038.599 4.750.172 1979.358 6.99S.963 3.757.285 Within l year £7.729.530 £10.753.248 2025 The movwr*en¢s during the year on the accru liability under the contracts were: Balance at l August 2024 New contrncrs 10,753,248 434.380 11,187.628 {3.458.0981 Amounrs u¢lised in PAYM¢ of lee&. To the school £7.729.530 41
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (continu} FOR THE YEAR ENDED 31 JULY 2025 ENDOWMENT FUNDS Transf•rs l August Net Inc(KTl Between Inv¢ment 2024 (•xpendityre) Funth Gains1(1055es) Balance at 31July 2025 Proptrty Fund Sinking Fund Prize Fund Furnival jor Fund Arthur {&'ll) and Btryl Fidd Memorial Bursary Fund Zikel Music Fund 27.789.363 333.788 640.052 29.546 564.974 27.789.363 338,061 674,906 30.748 587.966 3.884 26.047 1.202 21992 a.7 89.637 93.285 £29.447.360 19,196 £57.773 £29.514,329 PRIOR YEAR (2024): 8alancÈ at 31Jyly 2024 l August Nrt incom& Between InvestmMbt 2023 {•xp•nditure) Funds gain10$$} Property Fund Sinkin¥ Fund Prize Fund Furnival lones Liry Arthur {&"Ill and W Fld memryI Bursary Fuj Zikel Music Fund 27.789,363 3r.005 561,065 26.617 S962 27,789.363 333,788 640.052 29.546 564.974 33.402 61.746 1929 56,012 17,241 80.750 8.887 89.637 a9.26&762 £17.622 £162.976 £29.447.360 peL'. Re[eTrts the net book u as a¢ 31 Jdy 2016 ofd dOWed property of the School. prinapal Consuting the main Island & in Represents the rt required UfKJ¥ a C14riy cC¥nmiIOn sthemt on the uulisation of endowed lunds in earlier years which wired ijb 2021 utilised for awants ro w1$. income arising Lrtilised for the li. al estat41sh Irom t*thich inc¢)me 15 to provide bursarial assistancè at thè discretion of Governors. ZikgL.. A fLwvJ eStal$hed frw whith the incom• be Use for ar towards music tuivon (including the hire of the ass¢xiated ins¢rumen¢} for a PrOnNsi pupil entering the sdb)ol who would not othernise be able ¢0 afford the c05t ol such tuivorL 42
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS {continutd) FOR THE YEAR ENDED 31 JULY 2025 13. RESTRICTED FUNDS Transfè at I Au8lHt Net Incon Between In¥tment 2024 (expendlrn) Fund5 gainsl(10s9•9) Balanc• at31 July 2025 Furnival Jone$ Lilxary Fw Outreach Project Robin Barnard Bequttt Bursary Fund LAET Diytal Accss Open Door Arthur (&'lll and Beryl Fidd Memorial Bw5ary Fund Hardship Fund Other Funds Buildings Fund Refugee Fund 5.370 845 1837 6.215 67.485 29,750 957.575 98,599 29.750 1020.575 175.882 13.711 54.431 89.287 11.063.0) (77,2831 54,431 105.444 1&157 74.579 11,393 1.250 23.226 74.579 12,563 1.250 23.226 1.170 11564.102 ql.119.274) £1.444.828 PRIOR YEAR (2024): Balancè at31 July 2024 at l Au8USt Net inc¢M Between Investment 2023 (expendityre) Funds 8ainsl(losses) Furniydl Jone5 Liary FUTh Outreach Projett Robin Barnard Bequest Bursary Fund 4.552 67.884 29.750 1701275 I036 2&651 54.431 73.647 818 (3,236) 5.370 29.7SO 2.020,575 175.882 (68],7)) 190.156) (14.940) Diwtsl AccÈss Open Door Arthur {&ll} and Bwyl Fd memori Bursary Fund Hardship Fund Other Funds Buildings Fund Re¢ Fund 54.431 89.287 15,640 74.579 11.393 201.250 31962 74.579 11.393 .250 23.226 poo,w)) (9.736) .547.412 £{983.310) £1564.102 tswFnd.. donaDons recved towards the imwoVem in library knliues a¢ Hrate School. In 0LBAr. for the benefit of pupils wishing to pursue careers in medione or science. Ru[sarL. dOon$ recved from lundrrising ro be used to lund future bursaries at the khool. . donations reces¥ed for the purposes described in the fund name. QpoLQoor: donation received to encourage pupds in their exPlArMti ty understanrfi of the Chrisuan faKh. see Note 11 aL£.. dorrdoons receb¥ed to clwldrem at our partrw sd$ who have liule or no a¢¢ess to a ¢omputer. LaEL' A hjnd follown¥ a Ga e¥tht and other doftations thr the ytar to AiSe rr)ney for London Academy of Excellence Tottenham {L4En. 43
HIGHGATE SCHOOL NOTES TO THE ACCOUKts (Contin1d) FOR THE YEAR ENDED 31 JULY 2025 13. RESTRICTED FUNDS (coiitinu¢dl donations retyed to hdp families twho are 5trug%ling ¢0 pay fees due unforeseen circumstsnces. QthLr' donations retYed for CCF and il ,' . ds)nation5 received to hdp dèvelop the lalWa11C of the school. 14. UNRESTRICTED FUNDS Balancè at I AUgt Net incom•1 2024 (ewnditure) fid$ Tranrf¢rs Investrnt gainsl (105ses) 8alan¢o at 31 July 2025 opwry Fund 50.254.531 {1.206.096) 49.048.435 Revenue Reserve {1.206,096) 1.206.096 TOTAL £50,254.531 qI.20&096) £49.048.435 CONSOLIDATED l August N¢t irKomel 1024 (expeThdire) between funds gains1 (losses) 31July 2025 Propery Fund So.25431 {981425) 49.272,106 Revenue ReseThe (981425) 981425 TOTAL £50.254.531 q981425) 149.272.106 PRIOR YEAR (2024): Transf•rs InThwtmert Balancg at 8ainsl (losses) 31 Juty 2024 2023 (•xpendltswt) Funds Properry Fund 47.69&912 1555.619 50.254.531 1555.619 (1555.6191 TOTAL £47.698.912 £1555.619 £50.254.531 The Propery Fund rdects the net book ue of unrestrictèj Axgj asse¢s the prtteeds of asset
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (continu•d) FOR THE YEAR ENDED 31 JULY 2025 1 S. ANALYSIS OF THE NET ASSETS BEfwEEN FUNDS Net Curr•nt Assets lis InV•$trnts Liabillties Fix LoTrg tsrm Llabiliti¢S Total Endowment Funds ReStricd Funds Unrtstritted . General Dewgnated 27.789.363 1,954.143 (229.17T) 1.444.828 29.514.329 1.4M,828 70.851385 46.457.693 (68,037, In) 49.271106 £1.954.143 £47.673.344 £(68,037.172) £80.231.263 PRIOR YEAR (2024): Net Curr•nt Assets less Liabilitios Fixed Assets Long term Liabilities Investments Tot1 Endowment fijnds Restritted Unrestricted . General Designated 27.789.363 1.869.245 (211,248) 1564.102 29.447.360 1564.102 n.187.886 45.455. {68.388.963) 50.2S4,531 £100.977.249 £1.869.245 £47.808,462 £{6&388.963} £82.265.993 16. CAPITAL COMMITMENTS 2025 2024 £2,287,360 3.233.985 17. PENSION COMMITMENTS Teochers. Pertsi Stheme The School participate5 in the Teathws. P510 Scheme r'the Trs.) for rts teathing staff. The pension chaty lor the year includes con¢ribuuons payable to the Trs of £4.394.655 (2024: £3,925.119) and a¢ the Year £Nil12024- £Nill was accrued in respett of contrilyjtions to this schem The TFS bs an unfunded Mul defined wsion scheme g0vend by Thè Teathers. Pensions Regulauons 2010 (as amded) and The Teathers. Pension Scheme Regulations 2014 (as amended). Members tribu on a .Y as you go" basis with contributions from members and the employ¥ being credited to the Exthequer. Retirn¢ and other Pensi¢ are pid by publi¢ fd$ provided by ParliamenL The èmployer contriknion Ate is set by the Secre¢ary of Sfate folowin8 scheme Ydluations undertsk by the GOvernmen¢Attry.S DePartrnL The most reCen[actnal valuation of the TPS was prepared as at 31 March 2020 and the VUatiOn Report was publisld in Octobw 2023. The Valuafitin Rew¢ shows nouonal assets of £2212 bn and liabilities of £262 M resLdong in a scheme deficrt of £39.8 bn. 45
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 JULY 2025 17. PENSION COMMITMENTS (continued) The wnployer ContrtIOn rate for the TPS is 2&6& arkl employtrs are also required to pay a $th administrdtion levy of 0.08% giving a toral awoyer ¢<)ntributi rate 0128.6 With effect Irom l Dec 2021 Supporr Soff havè offered membership of th• Aviva Pension Trust for lThlependent Sdwls IAPTISI. a defined contribuo<>n w5ion sth. At the year end the balance was £Nil Prior to that dat< PpOrt Soff wert to join the InPknt School's Pension khewe IISPEN). ISPEN is a mul¢i- employer defined bendt xheme. The last formal lon of the 5theme was pthrmed as at 30 September 2023. This actuarial wdluation was cerrified on I l DeceNthr 2024 and sh¢)wed assets of (99.21 liabilitie5 of £151.5m and a defi¢i¢ of £52.3m. To diminate this fdr¢ ShOrtl the trust and the parncipting employws have agreed tha¢ addi¢ional contributions Mll be paid in lirte T+ threStiMated shareofthè sdme liabilrue% of £6.0 million per annum from I Sept•nber 2022 to 30 June 2032. As atyéar-end the amoun¢s reco8nis•d wthin creditor5 in linewith therepa>yn•)tsche&Jfor thedefficltc0ntribions arè noted within No¢e I l. These balances are 1460.112024: £219.fYXI) in le55 than one year and £3,287.0 12024: £1.393.000 due in more than ¢)ne year). Thtre is a potential delx on the employtr that could be levied by the Trustees of the scheme. The deb¢ is due in the èvent ol the employer (V4n8 to parriopat• in the scheme or the Scheme winding up. Htste khool has bee tified by the Pensions Trusc of the estimited ernployw debt on withth7wal from the Independen¢ Schools. Pension Scheme based on the finanoal position of the sdhwne as a¢ 30 September 2024. As of this date the estimawj empl¢)yèr debt was £7.143.997. As in prior years and best praaice. this amounr is not wovidÈd for in the accounts as Ihe School IHS not lully withdrawn from the sdv RECONCILIAT OF 0ING AND CLOSING PROVISIONS Pwiod Ending 31 Juty 2025 i£cthi Period Endlng 31 july 2024 I£OOOs) Prnwsion at Stsrt ofperiod 1.612 1.674 UmvindlnK ofthe th5crMJnt knor (interest &¥pwl 70 Deficit contr*ution (2191 12131 (91 61 1293 Provision at end of period 3.747 Ih12
HIGHGATE SCHOOL NOTES TO THE ACCOUNTS (<ontin4Md) FOR THE YEAR ENOED 31 JULY 2025 18. CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVE FIGURES BY FUND Furn FuTrds Funds 2023 INCOME FROM: School fees receable Other e&Jcai•)nal (ome Ancdlary trathng income 45.951XII n7.( IIC.287 45.95IMIl n7.083 1106.287 B•nk aDd rrther interest Inve5tmert income Voluntary sources 1516.962 333 IW7 303 17J19 1517.598 41532 38.328 17.J2 55.$60 Totoj Inc¢we 51,347.067 3&1n 17.622 51.400,861 PENDITURE ON: Roliiry fvn hJndrgi5ing aThJ de¥ebww¢ nan¢¢ costs 161667 1.774.Q¢XI 161667 1.774.11(KJ Cho17toble octlbltles khool Operat costs 4W4.781 I19.482 47M74.263 Totol expÈndltw 4&791,448 IM19.482 49AIO.930 NET INCOME 1555,619 (983.3101 17.622 1.589.931 GaIr on investment ets Trdnsfers brtwe• knds 162.976 161976 14 11555.619) 1555.619 Net move¢ in *Jnd5 1555.619 1983.3101 180398 1.752,907 Balance5 brOE fon¥ard at l Awt 2023 47.69&912 3347.412 29.264762 80.513.086 at 31 Juty 2024 £50.254.531 £Z564.102 Q9.447.360 1265,993 47