Companynumber". 1x1384415 Charity number.. 325073 German School Association Limited Report and Financial Statements 31 August 2023 1111 *A(IMfF1￿X￿ 1510212024 COMPANIES HOUSE A14 11259 SA YER 00000 oo•oo VINCENT 0000000 0000000 German School A$50datlgn Llrnbted Reference and admlnlstratlve detalls For the Year effided 31 August 2023 Company number 00984415 Charlty number 325073 Registered oftkè and operational •ddress EKJu8las House P￿er$haM Road Richmond Surrey. TWIO 7AH Managemerrt Commlttee Members ofthe Management Comrnittee. who are 3150 trustees under harity law. who served durinB the year and up to the tlate of this report were as follows.. J P Weiland Chair T Greenwdl Irdired 15June 20231 J Hoffrnann KUKarl Guido Kirschner F J von Schubert P Watter C Williarns Treasurer PrSn¢lpal staff O Schmitz M Krau55 Head Teacher Commercial Director Bankers Landesbank Baden-Wurttember8 Kleiner Schlo55plati 11 70173 StLrtt8art. Germanv H58C PIC 8ènk House, HiÉh Stred. Hampton WKk Kingsion upon Thames KTI 4DA Couits & Co. 440 Strand London WC2R OQS 5olklto Russell-cooke 2 Putney Hill London. SW15 6AB Audltor Sayervinceni LLP Chartered Accouniants and StatutoryAudttor Invicta House. 108-114 Golden Lane LONDON. ECIY OTL German 5¢hool A550cktion Limited Report ofthe Management Cornrnittee For the Year ended 31 August 2023 Chairfs ststernent. by Jan Peter Weiland Dèar Members ol the Gemian School A550ciation Ltd. and School Community. The financial and sthool year 2022123 has been posilwe for the Deutsche Schule London Ilhe-Sch￿l. or-DSL"l and theGerman scho￿ Association Lté Ithe"AssocTation"l. It has seen the arrival of oltr new Head Teacher, Oliver Schmitz, and a return to growth in student number5. The DSL started in September 2022 wittt 872 students. 50 rnore ihan the previou5 year. ID June 2023. 39 of thern graduated successfulty. with a record averageA￿"tur grade gf 2.0. outstripping the German national average of 2.4. With Oliver Schmitz. who took over the helm Irom the interim Leadership Team Claudia Wolff-Lieser a5 Acting Head. Viola Martin-Nastos asActin8 Deputy Head and Matthias Krau55 as Commercial Director.the OSLhas a very experienced leader with a Igng-term vision for the school. With a 5tron& Senior Leadership Team in place. consisting of rhe Head Teacher. the Cornrnercial Director. Ihe Deputy Head and the Heads of Kindergarten Primary khool. we are convinced he will continue to drive the very positive develO￿ent the school has made ￿cent years. The School has a150 seen a return io increased numbers of application5. Thisfollows yearsof distuplion and uncertainty due to the UK'S departure from the Europeèn Union and the COVID-19 pandemic. In additTron, there has been a reduction in the number5 of students leaving the school early. This dedelopment Is is a reflection of the continued than8e in our student pjrtfolio. Less families are expats who expecttospeftd limited time at the DSL and morefamiles live l¢xally and expeci to stay in the UK indefinitely_ This results in more stabilr(y which is conducive to a good school. With è very motivated and high￿ qualified team of pedagogical and non-pedagogical 51aff and a clear strategy. we are convinced we are well placed to be a sought-after school in years to come. Whilst the exit of the UK from the European Union remains one of the main risks for the school because it impacts not only the movement and the iniake of students from overseas but a￿0 the recruitin£ of staff, we are reasonablv confident we have left the immediaie downward iM￿tt behind us_ With the necessary immi8ration Itcenses in place we are able to recruit staff from fjermany. Howthfer. this has added significantty to the costs and the adminisirative burden of recruitment and at the same time has severety reduced our flexibility and agility in filling vacant P051tions. Moreover. there continues to be a Shortage of teachers in Gerrnany and the UK, and this affects our ability to recruit flexibly. Weseekto actively managetheserisks by continuingtomake investmentsthat en$￿￿an attrartiveframework for our staff. pupils ané the entire school community. A stsbstantial new risk h35 e￿rge￿ with the announcement of the Lab￿r Party inteftdrng to apply new tax le8islation to independent sChC￿$ shoul(J they come into Government after the next dettion. lrnposition of VAT and business rates could potential￿ result in an additional liability of alnM)st E 2m annually. which would mean a school fee iThcrea5e by c. 24% per child. Whilst school leadership believes rhat there is a case for ihe DSL and other schools of a sirnilar nature to be exempt from the proposed 5tatV5 chan8e. because international schools have a different character from the private schoo15 the policy tarBet5. It is likdy that these argument5 will not be heard. We will howevef work wtth Iht embassy and other international schtsjls to attempt to roise awareness of this argument. The School is commiited to overccwminB ihe diffKuhie5 OUtlÈned atme. in order to deliver ihe highest level of educational qyaliry and to provide firstseqvenily refined for the School lor 2022123 were-. Learnin8 for an international futurè.. securin6 academic bilinÉval compdences Anchoring structures of a student-a(tivaiin8 and pro)￿t-orlertte￿ teaching prograrnme Gernmn S¢hool Asso¢iaiion Llmlted Report olthe MaM8*ment Commlttee Forthe Year ended 31 Au8USt 2023 Enhancin8 Collaboration-. Utilising and developing experrences and insights olthe Pandernic Introduttion of School devel¢)pmeni based on to-operation and sustainability.. introduction ola steeAnegroup and a school conference made Lrp of pupils. parents and teachers. new procedureand newcriteria for projert applications Learning both Gerrnan and English on a natNe Speaker level is one of our prominent aims. The bilingual programme comprises teaching units in English in the subjetts of the Humanities. the Sciences. Art and Music for Year 5 to 10. a5 wdl as for Sports in Year I to 10. GeoRraphy and Economi(s èretaught as bilin8ual subjetts in Year 11 and 12 for Abitur and 18 studenis. Furthermoie. the programme for"Individuo1 SupFQrt tn Germaft- has been consolidated from Prirnary School into years 5-8 in the Secondary. In order to adequately reflect the native mastery of English in the Abitur, it wll be possible in the future to take the German lThternatiollal Almtur wtth an exam for English as a Native Language IC21. The option is to be offered for the first time with the 2025 Akn"tur and has begun in 1023124. St￿ngthening. consolidatin8 and reinveniin£ CU￿Ular and extran. In e55ence. the Mana8ement Cornmittee deiermines the 5tTate8y ol the School and efi5ure5 all preieouiytes for the 5ucce55ful operation ot the Schwl, including.. determining the charatter and form of the School.. adopting the curriculum.. appointingthe Head Teacher and teaching staff a5 well as administrative staff.. determiniTh8 School fees and expense budgets., arran8in8 financine and investin8 the Association's Th￿nieS,. as well as makine and amending the regulat￿n5 for the governance of the khool. The Association's goals can only be successfully pursued in c105e cooperation with the Head Teacher of the School. and anv decision5 relating to pedagogical rnatters are disCU55eL1 with the Head Teacher_ In order for the Association to secure the essential support by the Federal Republic of Germany. the Mana8ement Committee rnu￿ demonstrate ihat the A550Ciation and the khool adhere 10 the Guidelines for Gemian Schools Abroad. as issued by the Central Office for German Schools Abroad I"Zentralstelle fur Auslandsschulwe5en" -ZfA"l. a department of the Federal Office of Administration I'Bundesverwaltungsamt" -BVA-I. German 5th001 A550ciation ilmited Report of the Managernent C¢>mmlitee For the Year ended 31 Au8llSt 2023 The Mana8ernent Commiitee currently conslsts of ai least 6 and up to 12 members and 7 board mernber5 at the end of the reportin8 per￿d, who are exclusNely volunteers. No member of the Managemeni Cornmitiee received any femuneraiion in respett of their services to the Association during the financial year 2023 (financial year 2022.. £nill. No members of the Managernenl Committee received reimbursement of travel expense5 in the year. (financial year 2022.. £ Nill. All Managernent Cornrnittee member5 are dirertOf5 of the cornpany under the Companies Att 2(X)6 and at the sarne tirne trustee5 01 the charity_ They are hominated and elerted by the members oFthe Association. Condua of Bu5inessoltheManaKementCommitlee Management Comrnittee meetings are hdd on a re8ular basis during the year. In addition to the members of ihe Management Committee, the Head Teacher. the Commercial DI￿ttor/CompanY s￿retary. and a representativeol the German Embassy as well as a parent5. and a teachers. representatwe have a statutory r¥ht to attend but do not have Voting powers. Mo￿t)Ver. the Deputy Head. the Head of the Primary School. the Head of Kinder8arten and other staff when appropriate as well a5 a representative of the"Friend5 of Dou8las Hou5e- ale regularly invited to attend. The Mana8ement Commirtee is aware ihat it5 ¥oluntary members have to ensure that the Management Committee's responsibilities are performed to a high standard. reliab￿ and. ￿ a continuous basis. The possibility of significant than8e in the composition of the Management Committee constitutes an on-going challenge. A structure ha5 been put into place to en5tsre the effettive performance of ihe Management Committee throu8h suitable dele8ation and super¥ision as well 35 adequate internal organisation. Administration The School Administration (through the Commercial Threctorl a5sume5 day4(Hlay reswnsibility for the on-goin8 management ol the iThfrastructure and finances of the School and supports the Management Committee and rhe Head Teacher in their duties. A framework of Financial Regulations ensures effective conirol and 5uperyision ol the School's ftjnds. Commercial Dirertor The Commercial f*rettor reports to the Management Committee. Me represents the Mana8ernent Cornrnittee inside and outside the School and 15 the first point of contact for Management Commtttee matters. He ensures. in close tooperation wirhthe Chairand the Head Teacherof theschool. thai the Management Commineedeals with all relevant issues at the Management Comrninee rneetings as we11 as at Su￿orn￿lrtee level and that aijeouate inlorfflation i provided as a basis for the Mana8ement Committee's de(sK)ns. The Commercial Direttor is a member of all Sub- Cornmittee5 and co-ordinate5 between these. He ￿￿￿1t0T$ ihe iM￿eMentall0￿ of Management Comrnittee decisions, supervises the d3V-to-day financial management of the Asso(lat￿Tr. and advises the Management Committee on any related risks. He does not have voting powers at Management Committee Meeting5. As the representative of the Managernent Commrttee, the Cornmercièl Director en5ure5 effectwe cooperation and coordination between the Management Committee and the Head Teacher and minimi%es the need foT tlay-to-day operational involvement of Mana8ement Comrnittee members. Syb-cornrnittees The Management Comrntitee has currently established 6 Sub-cornmittees.. Finance.. Communication.. Per50nnel.. IT, Health & Safety and Governance. The sU￿mMIttees prepare recommeniJatK)ns tothe Management Committee and overseethe implernentation of Mana8ernent Committee decisions. They are chairetl by a fflember of the Mana8ernent Committee. The Heatl Teacher or the Commercial Direttor may appoint other pedaRo8ical or non-peda8Qgltal staff to join 5ub-Committees. in order to ensure relewant knowledge and vpio*late input from ihe School is considered as the basis of Management Committee decisions and fN their execufion. German School A550ciation Limited Report ofthe Management Committee For the Year ended 31 Aueust 2023 The Mana8ement Committee alx) invites rneMbe￿ of the Assryiation (who are not Management Committee Membersl with relevant skills and experience to pjin the Sub(ornrninees as ejternal member5. Thereby the Management Comrnittee ha5 acce55 to expert5 to help it hJifil its ide efftttsvely. AecruStmefit of Comrnlttee Member5 In general, the Management Cornrnittee entouraees members of the Association to get involved at a Sublornmittee level before seeking to be elected to the Managernent Committee. This ensure5 a muth hieher quality of deeision- makin8 in the appointment of new Management Committee Members. from ihe Association's as well a5 the individual's w)int of view. This does not affect members. rights to Thornin￿e and elecr persons who have not 5etved on a ￿b.COMmittee ot the Management Committee. Trustee Induction and Traini New trustee5 are infornied and introduced inio th*r roles by the Chair and the Commercial Director and receive materials and training about trustees, responsibiltties. The Gerrnan School Association has taken OLrt trustee indernnity insurance. This covers claims made against the School in respect of trustees, liability arisiftg from any negligent act. error or omi$5ion comrnitted in 8ood faiih. The premium for the insurance is included in the School's public liability premium. Fundralslnt praftices review All fundraising prattices areframed within the values and princiWe5 of the organisation. whe￿ expenditure is required to generate income. there is an anatysisof theretumon investmenttoensurethe organis*ion is ableto make informed decisions re£ardin8 actNlties. The fundr3i5in8 and partnership team are internal and the organi5ation d¢)es not Use external professional fundraisers. We do not emrtrloy the serv￿e$ of any fvndr•sing agencies or third Part￿$. nor have we run a telephone or door to door fundraising campaign. Our relationship wth our supporters is very important to u5 and we do not W15h for our supporters to feel under any pressure to donate to the charity. Where we partner with corporates, due diligence ts conducted on the or8anisations and the amount of time ènd effort we as a charity needed to put in. versus the incorne we would likely receive. Clear pafameters and responsibilr¢ies are then 38reed between partners.. We have ensured we are in line with the GDPR data protertKM) regulatK)ns and all other relevant codes of condyrt. No compla¢nts have been recewed and thecharity aims to wotect vulnerable people. The Head Teather otthe Sch￿1 The HeadTeacher is ￿pOnSiblefOr all peda808ical matters. The Head Teacher hasio ensureihaithe School is operated within both the German re8ulations and standards and the requirements of the Local Education Authority. The Head Teacher is assisted by a Deputyand the Headsof Primarykhool and Kindergarten and by an extended LeadershipTearn. All pedagogical employees report to the Head Teacher. The appointment of a Head Teacher who is seconded by the Federal Republic of Germany is one of the prereouisites for the extensive support for the Association provided by the Federal Republic of Germany. RelatiDn5hipwith the Fed¢ral Republicof Germanv The A550Clation benefit5 frorn si8Dificant SUPWrt frorn the Federal Republt of fjermany. as the work of ihe Association is viewed as a key instrument of fore*n cultural ptslity in the UK. The stron8 cooperation with and 5UPPOrt provided by German School Kw¢lation Lifflrled R•￿ olihe Management Cofflrnittee Forthe Year ended 31 August 2023 the Federal RepublK of Germany is of great imrAlrtance for the ASs￿lation. The linancial support from the Federal Republic of Germany consists of cash and non-cash t￿ltrIbUtIOns. The continuous financial $UPF￿rt takes three main forrns.. Provision of teachers by sec￿{￿Ment.. thi5 attounts lor approximately 57%12022.- 53%1 of ihe suppon. Rights to use the School premises and bvildings. which are owned by the Federal Republic of Germany. free of rent= this accounis for approximately 26%12022." 24x1 of the supporr. based on a rental evaluation carried tsut in December 2004. (The As50Ciation has to bear the c05t of maintenance of the premises). Payrnent of a School 5ubsidy'. this accounts for approximatdy 16%12022." 15%1 of the suppjrt. The use of land and premises is governed by a usage agreement. In December 2((6, the Mana8ement Comm¢ttee reached agreement with the German Fofeign Office to amend the usage a¥￿eMent. which is the main preconditton for future investments of the Association in buildings on the premises ihai are the property of the Federal Republic of Gerrnany. The principal arnendment is the exclusion of the ordinary terrnination ri8ht for the piemi5es for up 10 30 years once the Association has 5torted the ¢on5trurtion of a hew Schod ￿lIdIn8. To ensu￿ cornpliance with the rule5 and regulations ihai arethe basis for the support. a member of the Department of Cultural Affairs of the Gerrnan Embassy. attin8 a5 the rep￿entatIveof the German &￿ernMent, is invited to artend all Man￿eMenT Cornmittee Meetings. In additton. the Federal Conference of the fducaiion Ministries in Gerrnanv -Bund-Lander-Au5schus5 der KultV5ministerkonferenz'l carries out in5pectiorts ol the ¥ademit examination standards, throu8h a process of evaluation of the exam tasks. performances and results. Supporting Orianisations. Friends of DOU￿a$ House The Gefman school AssoCiat￿n is supported by the Friends of Douglas House Ithe"Friends'l. Charity No. 268743. The chority was founded in 1972 and its members are predominantly parents of the School. The rnain objective of the Friends is fundraising for the School. Thty organise most School feSt￿ltIeS and the Association grants them the use of the School's premises lor this purpose (ree ol charge. The Friends raised and contributed E6.49112022 = £42.9571 to the Schty)l. The Friend5 al$0 play an impDrtani role with respect to the social integr*ion of newly arrived families at the German School London. most of whom come from abroad and regard ihe Schod as one of their primary points of contact. Supportin$ OIRanisatloTrs, Swiss Parents Assorlatknn The Swiss Parents Association at the German School. Ctharity No. I(￿2961. was founded in 1991. The main objeaive of the Swiss Parents Association is to 5UPWrt the Swiss pupils at the School by 5UPPOrtin8 the ernployrnent of a Swi55 teacher. The Swiss Government is supportin£ the A5SCfiatioA in the fomi of a trant and Swss parents are paying a supplement to the School fees chareed by the School. The Gerrnan School Assoaation and the Cofflmunity IPublicBenefftl The trustees of the German School Associal￿n strongly 511PPOrt the view that the School strives to play a full and resPOn5ible part ift it5 local community. The Cornmittee Members have reeard to the Charrty Cornmi$5ion guidance on public benefit. The principal ways in which the Schod achieves this are as follows.. At any given time. a number of children are supported ￿ the School with bursaries representing up to lOO% of their School fees. providing ecoThornic support to families in need. In the period eTrded 31 Au8USt 2023. 13 pupi15 recaved bursaries at a total cost to the School representing 0.8% of gr05s fee income. io Gemmn School As*r*3tion Limited Report ofthe Manaeemeni Commrftee For the Year ended 31 August 2023 The German School Ass¢xiatb)n dIrett￿ passes on all grants and redutt￿n5 li recewes to it5 pupils. Apart frorn the principal benefit5 that the German School As50tiation derive(I from its charitable status. it received granrs from the Gerrnart 8overnment in the form of secondment of teachers and provision of the p￿miseS free of charge. as well as a cash grant during the financial year endi￿ 31 August 2023. The Geman School London wdcomes indwiduals who wish to undertake pr￿tIcal work in School as parr of theirteacher or childcare trainin8. The School L*)nates its resour(es free of char8e to help in the training and supervision of these student5. The School opens its facilities to nwghlxyJrirrf Schods. clubs and sumrner camps and Pfovides a venue for the German Saturday School Richmond. The School 5UPFQrts freed12 subiect5 and thus achieving university ern1ra￿e level. Out of these graduates, 17 students participated the Intemational Baccalaureate Diploma Programme IIBI as Course Candidates and pa55ed their course5 511cce55fv1ty. During the acadernic year 2022123. on averaBe 12 ieachers were seconded from the FeLler¥l Republtcof Germany. In aédition. a total of 9612022.. 951 were employEd IcKally by the A55OCiation. Income and exptnditure account An operatlnE surplus lincorne over expefidtturel was recorded for the finantial year amounting to £587.948 (Financial Year 2022.. £502.5251 Incornin8 Ye50urce5 durin8 the period amounted to £12.405.568 (financial year 2022.. £11.276,6891. This includes £7,42Z.493 for educational fee income lfinancial year 2022-. £6.651.9241 and £2.088.226 irKome Irom other educat¢onal actNities (financial year 2022.. É1.631.8791. Intorne frorn Grants and Donations amount to £2.718.482 Ifinanoal year 2022= £2.979.4391. of which the German governmenys Central Officefor Schools Abroad IZfAI pwded financial support amounting to£443.416 IfiThancial year 2022.. £433.6961 and made availableto the Association 12 teachin8 Staff. The Gerrnan government also made available the rent-free use of land and buildings. The A$￿C$allOn is dependent to this exteni on the grant5 receivable and staff provided from the German Governmeni. Averagestaff nurnbers durin8 theyearwere 16212022.. 1551. Stalf costs remain a rnèy?r item of expenditure, remaining at 62% Ifinancialyear 2022.. 62%lof total resources expended, includingthe staff provided bytheGerman governrnent. li German School A550¢iation i•mited Report ofthe Man¥•rnent Committee For the Year ended 31 Au¢ust 2023 Balance Sheet The net a55ets of the A5SOCiation on 31 August 2023 wue £15,983.678 lfinancial year 2022.. £15.395,7301. Reserves The assets and liabilitie5 attributable to the various funds by type are shown in note 21a. Note 22a also describes the various lunds ol the charity and summarises the yearfs movement on each fund. The unrestrirted reser¥e5 01 the Associaiion arnount to £?.9￿,356 at 31 Augusi 2023 Ifinancial year 2022.. £6.784.1811 iEKludin8 ée5iBnated funds of £1.815.820 for capital projects Ifinancial year 2022= £1.726.9521. The Management Committee's policy is to build up reserves by meèns of annual oppratifie surpluses. Reflettin8 rhe current econornic circumstances and the nece5Srty to plan ahead for continuous and future capital projetts. such as sports hall and main bvilding ￿n0vatIOn and extension. has been daermined thar the appropriate level of reserve5 should be at least equivalent to 6 monihs expenditure. with current general reserves being £6.092.535 18 months expenditure coverl Ifinancial year 2022: £5.057.229 or around 7 rnonths. expenditure.) As far 05 possible. the trustees endeavour to keep School fee increases as low as reasonably p055ible whilst ensuring Ihat. In their opinion. the appropriate level ol reser¥es is achieved and the ffinanti31 resourfes are available to ensu the continuous operation of the Sthool's day-to-day business in keeping with the School's mission. Investmeni polkv The Mana8ernent Comminee has the powerto invest in 5LKh a55els as it 5eesfrt. In view of the natureof the charitable compaTry'5 artivities and to safeguard the assets of the Charify, any surplus funds are currently invested in short-terrn fixed deposits only. The Management Comrnittee has an Invtstmeffl Policy whith regulates non-fimed long-term investments. Remuneration Statement We are committeij to ensurin8 that we pay our staff a fair and appropriate salary while always making 5vre we have the ability to éo so. We airn to pay staff a competitive salary that Is appropriate for a Schwl of our size and 5trurture and relevant to the job rnarket. We entleavour to provitle a total remuneration package to enable u5 to attrart and retain people with the riEht skills and therefore have thegreatesi impact in deliveringour objertives in providing a first class education for our pupils. In setting senior leadership pay. the School takes account of the skills and experience required for each of the roles and the remunerètion in the sertors from which suitable candidates for such posts would be found. In accordance with the Statement of R￿OrnMen￿ed Prattice we discb5e in note 10 to the accounts.. All payrnents io trustees Ino trustees are paid) and expense5 reirnbursed The nLtrnber o15taff with salarie5 of £60.0￿ and above Toial remunerat￿￿ tost of the Senior Lea(lership Team Pensions and ￿her benefr(s Plans for the f￿￿re The German School Association provides the appropriate InfraStrt￿vre for the Gerrnan school LoTrdon to achieve its educational proeramme and pedagogical 8oals. With the double qualification of 18 Ilntemational Baccalaureatel and the Gerrnan International Abitur, the School ha5 expandetl the optKm5 availoble for its increasing nurnbw of 12 Germ¥n 5¢h¢)ol AssocTratlon Ljmlted Reportof the Managefflent Comrnlttee For the Year ended 31 August 2023 internationally-oriented student5. The school ha5 been offerin83 pryrammemaking IB courseand certifKate offerin85 available for moreAbitur candidates. The Scfv)ol is comrnittd to delNersng the highest knl of eduCat￿TraI quality and to providing fir5t-class faolities to ensure excellence in all areas across the Schcd. To achieve ihe5e objertives, the ManaBernent Cornfflitte& the Head Teacher and his team have agreed iocontinue investing in teaching quality attheschool in line with the School's vision. A number ol long-terrn kryfactors have been identrfied as high intake of PU￿15 in the Earlyyears. as well as the number of registrations of pupils 3nd retention throu8h4YUt the School. This will be achieved by offering a comprehensive educational programrne. extension of the school day and increased tuition in specialised group5 and the inrroduction of the IB and other career paths ¥￿thIn the school. CofflbineLI with the expansive 51te of the School with it5 various buildin8$ from different centuries. some of which are lisied buildings. create the need for constant attention to the maintenance of and investment in the School infrastructure. The refurbishment and constant upkeep of the existing School buildin8s ￿Ma1ft a hi£h priority on the trustees. aBenda. The German Forwgn Office has recognised its responsibilily to partially fund the refurbishment of the exisiing buildi￿5. Pmcipal and Un¢ertairties The Management Cornrnittee aCkno￿edgeS its reS￿n￿bIlityf0ren5UringIhat the major ri5ksto which the Association is exposed are identified and systems a￿ de518ned to manage those risks. In addition to the routine hearth and safely assessmenis underraken by the School's staff, the M3nagernent Committee conducts an annual risk inventory ond also re6ulady assesses the ri5k5 to which the charilv 15 exp)5ed, a8rees howthose risk5 rnay be best miti8ated and takes the appropriate artion to manage ihem. The Mana8ement C(bmmiltee take5 the issue of risk managernent with the utmost seriousness and risk as5es5rnent is a routine r(em on r(s agenda. OF part*ular concern to the Managemeni Commirtee are.. The German scho￿ is committed io safeguafding and promotin8 the health and welfare of its communitv members.. pupils, staff. volunteers. pa￿￿t$. third party conirattors and visitots. Health ané safety ol our pupils and of our staff are paramount. We have conduued and reviewed thorough risk assessrnent5 tn all area5 of the School in orderto minirniie ri5k5 51aff and our pupi15 face. reco8nizin8 that they cannot be eliminated completely. We have worked through a system of controls in order to establish essential measures to prevent spreading the Coronavirus and to response properly to any infertion. The pandemic as well as the increased use of online plafftims aAd s¢xial media have Inc￿8$e￿ the risk of mental health issues ané cyber bullying. We have a strong safeguarding team in place and provide education and awarenes5 prograrnrnes for students and staff. The effect of the United Kingdom having left the EU (x131.12.2020has an ifflpatt ofi our abilityto r￿r￿lI adequate staff and to admit pupils from families who have migrated to ihe UK from Europe. Appropriate irnmi8ration licen5es have been required in order io manage siaff recruiirnent. and for the recruitment and retention of pupi15 rketin8 attivitie5 are bein8 increased. German support contribtsiion is also dependent on achi￿eMent of perfomiance in Abitur Bradin8 tould have detrimental effect on the value of teaching re50ur¢e piovided by Gerrnany. Continual review of the attractiveness of the Abttur and having a stron8 baws of secondary School pupil numbers is undertaken. Any crisis that has a signifKani irnpart on the abilityio operate the School, such as a fire or terrorist attack, may impact widely in term5 of harrn to staff and pupils. operatiollèl costs and longerterffl damage. Such circumstances re the subject of extensive risk managementscrutioy and processes to not{￿lY ensure compliance with staiutory obligations but to achiewe material redvttion in the likdihood of s￿h even￿ rKcurring. 13 Gernian School Asso¢lation Llmited Report of thé Man¥ement Committee For the Year ended 31 AUW 1023 Statement of responsibilitiesof the ManaKernentComminee The ManagerneTht Committee l¥¥hose rnernbers are director50ftheGerman Schty)IAssociation Lirnited forthe purposes of company lawl is responsible for preparin8 the report of the Managernent Committee including the Strategic Report and the financial siatements in accordance wilh applicable law and United Kingdorn Accounting Standard5 (United Kingdom Generally Accepted Accwntin8 Prattice). Company law requi￿ the Mana8ernent Committee to prepa￿ fina￿1￿1 statemenrs for each financial year which give a true and fair wew of the state of affairs of the charitable company and of the incoming resources and application of resources. including the incomeand expenditure. ofthe charitabletompanyforthat period. In preparingthesefinancial statement5. the Mana8ernent Committee is ￿quired to.. select 5Ultable accountin8 Oiiies and then apply them consisten1￿1,. observe the methods and principles in ihe Charities SORP., make judgements and estirnates that are reasonable and pnjdent: stale whether applicable UKAccouniing Standards and staiemeTrts of recommended practice have been followed, subject to any material departure5 disc105ed and explained in the financial staiements., and prepare the financial 513tements on the 8oing concern basi5 unle55 It is iThappropriateto piesume that the tharity will continue in operatioh. The ManaBement Committee is responsible for keeping adequate accounting record5 that disclose with reasonable accuracy at any time the tinancial posit*Jn ot the charitable cornpany and enable It to ensure that the firtahtial staternent5 tomply with the Cornpanies Art 2￿6. It is also ￿ponSIble for sèfe8uard¢n8 the assets of ihe charitable company an(J hence lortaking reasonable step5 for the prevention and detettion of fraud and other irregularities. In so lar 05 the Management Cornmitteeis aware: there is no relevant audit infomiation of which the charitable companV5 auditor 15 unaware; and the Management Cornmittee members have taken all steps ihai they ought to have raken to Th￿ke themsefve5 aware of 3ny rdevant audit information and to establish that the auditor is aware of that inlorrnation. The Management Comminee is responsible for the maintenance and integrity of the corporate and financial inforrnation included on the charitable company's websiie. Legislation in the Uniied Kingdom 8ovemin8 the preparatign and di55emination of financial statemenis rnay differ from legislation in other juri5dicLions. Member5 of the charity guarantee to contribute an arnount exceedifi8 £1 to the of the chartty in the e*nt of windin8 up. The total numbef of such guarantees at 31 August 2023 was 812022-. 111. Mernbers of the Managernent Committee are rnernbers of the charity but this entitles ihem onty to voting rsBhts. Mernbers of the Managemeni Comrnittee have no beneficial interest in the charity. tt is noted that in 2023 most members of the Mana8ernent Q)mmittee We￿ parents of pu￿1$ at the School. Audttor Sayer Vincent LLP was ￿-appoInted as ihecharr(able company's aLKlitor and ha5 expressed its willin8ness to continue in that capacity- The Report of the Management Cornmittee. which includes the Strategic Repor( has beeN approved by the Management Committee on 4 December 2023 and is signed on its behaw bv ter elland Chair of the Managernent Commiitee 14 Independent Auditorfs A¢port To the rnembtrs of German school Association bmited Opinion We have audtted the financial statements of German School Assoctation Ltrnited Ithe'charitable companTrll for the year ended 31 August 2023 which comwise ihe statement of financial atti¥ities. balance sheet, statement of cash flows and note5 fo the financial statements. including significant accounting polKies. The financial ￿PortIng framework that has been applied in their preparation is applicable law and United Kingdom Accr>unting Standard5. including FRS 102 The Fin0nC￿lRe￿rt1nq 5tundordopplKoble in the UK 0ndRepUbl￿OI Irelond (United Kingdom Generalty Accepted Accounting Prarticel. In our opinion, the financral statements.. Give a true and fair view of the state ol the charitable companV5 affairs as at 31 August 2023 and of i15 incoming resource5 and applicat￿n of re50urce5. includin8 rls incc*ne and expendr(ure for the year then ended Have been properly prepared in accordance with UTrited Kingdom Generally Auepted Accountin8 Practice Have been prepared in accordance with the wvirements of the Compan￿$ Att 2Crf16 Basis for opinion We conducted our audit in accordance wth International Standards on Auditing IUKI IISAS IUKII applicable law. Our responsibilities under those standards are further describe(l in the Auditorfs responsibilff(ies lor the audit of the financial 5taternents settion of our teport. We are independent of the charitable cornpany in accordance with the ethical requirement5 that a￿ relevant to our audit of the financial statements In the UK. including the FRCS Ethical Standard aritl we have fulffilled ourother ethtcal responsibtltties in accordance with these reqvirements. We believe that the audit evtdence we have obtained is suffKient and appropriate w provide a basis for ¢)ur opinion. Conclusions relating to going concern In auditing the financial statements. we hove concluded that the tru5tees' use of the 8oin8 concem basis of accounting in the preparation of the financial Matements is appr0￿7ate. Based on the work we have perforrned. we have not identrfied any matttial urtertainties relatiD8to events or conditions that. individually or co11ettbve￿. may cast signifKant rjovbt on German School Association limited's ability io coniinue as a 80in8 concern fof a period OF at least twelve months frw when the financial statements ave authori5ed for 155ue. Our responsibilities and the re5POn5ibilitie5 of the trusiees with re5pett to 80ing corKern are described in the relevant sections of this report. Other Information The other information compri5e5 the information included in thetrustees. annual report, IrKludi￿ the strategic report Other thon the financial 5taiemenis and our audito￿5 report thereon. The trustee5 are respDn5ibleforthe ￿her information contained within the annual report. Our opinion on the financial statements does not cover the other inlormation and. except to the extent otherwise explicitly stated in our report. we thj not expres5 any forrn of assurance conclusion thereon. Our responsibiliry is to read the ￿her inforrnation and. in doing so. consider whether the other information 15 rnaierially inconsistent with the financial statement5 01 our knowledge obtained in the course of the audit. or otherwise appears to be materially misstated. tl we identify such material inconsistencies or apparent material misstatements. we are required to determine whetherthis gives rise to a material misstatement in the 15 Independent Audlto¢5 Report To the members (rf German School Associatton Llmlted financial ￿ateMentS themselves. If. based on the work we have performed. we conclude that there is a material misstatemefit of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. The inforrnation 8iven in the tru5tees' annual report, includin8 the 5trote8ic report, for ihe financial year for whiih the financial statements are prepared is consistent wilh the financial 5tatemenlS,' and The triistees, annual report. ir*ludin8 the stfaiegic rem has been prepared in accordance with applKable legal reouiremenrs. Matters on which we are required to report by exception In the light of the kn¢)wledge and understandin8 of the charitable tompany and its environment obtained in the course ol the audit, we have not identified rnaterial misstatements in the trustees. annual report includin8 the strategic report. We have nothingto report respea of the following rnatters in relation to which the Companies Act 2006 requires us to repon to you if. in our Op1Th￿n.. Adequate accounting record5 have not been kept. or teiurns adequate for our audit have been received from branches noi visited by us: or The financial statements are not in 38reement with the accounti￿ records and rwurn5.' or Certain disclosures of trustees. remuneration specified by law are not made- or We have not received all the infomiation and explanations we require for our audtt Responsibilities of trustees As explained more ful￿ in the st*ement of trustee5' reSFKJn5ibilities set our in the trustees, annual report, the trustees (who are also ihe directors of the charirable company for the pur6xises of company lawl are responsible lor the preparation of the financial staternents and for being satisfied that they Éive a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that ère free from material misstatement. whether due to fraud or error. In preparingthe financial statem•)ts. Ihe irnstees are re5POn5iblelor a55e55in8 the charitable cornpanrfs abilityto continue as a going concern. disclosin& as applicable. rnatteTS related to goin8 concem and usin8 the 80ing concern basis of accounting unless the trustee5 either intenij to liouidate the charitable company or to cease Operat￿on3. or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objettives areloobtain reo50nable assurance al)0￿ whether ihe financial statements a5 a whole arefree from material misstaiement. whether dueto fraud or error. and to 155ue an audito This description fDrms part of our auditorfs report. 17 lThdependent Auditorfs Report To the mefflbef5 01 German School Assouation Limited Use of our report This report 15 made solely to the charitablecofflpany's rnernber5 as a body. in accordance with Chapter 3 of Part 16 of the Companies Art 2(*J6. Ovr audtt wotk ha5 been undertaken $0 that we might state to the tharitable company's members those mètters we are required to state to them in an autlitorfs report for w othw purpose. To the fullest exteni permined by law. we do not accept or assume responsibility to anyone Other than the charitable cornpiny and the charitable cornpany's rnernbers as a t(sdy. for our audit worl for tht5 report. or for the opinions we hove formed. Noelia Serrano (Senior statuiory auditor) Date 25 January 2024 for and on behalf of Sayer Vincent LLP, Statthory Avditor Invicta House. 108-114 Golden Lane. LONDON. ECIY OTL 18 Ir&￿d￿j1 A 2022 TOE iotsi Npir Intome Iiom Gr*ts& t*)r￿tic￿$ 2.696J82 219eo I956fvS9 2.979.439 7.422.493 7JZI.4YJ A651.924 6.6SI.924 ICW26 I.631￿79 1.63J.875 I￿￿#ments 176 22.9 11.2S3.709 11.27&6Uy ChJri1ablt¥b¥mÈS-Éd￿￿*x￿c0str 511.610 liJ5tyW iiw 512.689 10.2S3.567 ID.76&2S6 Foiei8nexth¥n8e lfj*nlll¢ 14.9351 14935) T•t4le*pepthltwe 5LL.6LO 1131S.723 IL85733J 511.639 10.261.475 10.774.164 t4etthicome btftye W9.7 I￿31,9•5 511315 1489.7roi YYl.234 2.S24 NEtyn51)n in%*Mm*nts 39.713 39,713 Netlncome ltythE￿Ir 1489.710) I￿77￿56 1489.7091 992.234 502524 Transfer be￿eenI￿n¢5 146.$171 46.517 Netrnov*rnent4Trlund 1189.7101 IM77 isa6.2261 LOM751 I￿24 Re(orK515iiiwdfvr Fund5 brou¢htfarwai 8￿65.031 30. .101.258 5.79J.947 14.SY3.2 iotalkndsarr*4 1orw4r &1)75.312 7.X*.356 ISJIJ.67a X).698 15.39S.730 NDtÈ21 tol￿financ￿lI￿aIOm•lA1. 19 Germah Schtstsl Association Linwttd Balartèsheet Company no. ¢J)984415 31Au st 2023 2023 2022 Note rixed a55et5 Tangible fixed assets Managed ltsngterm In¥e#ments 14 15 14.390.762 1.039.713 14,805,431 15.430.475 14.805,431 Current assets Stock Debtors Cash at ban* and in hand 45,617 191.256 8.349.660 33.938 260.234 8.646.972 16 .686.533 .941.144 liabilitit5 Creditor5= amounts fallingdue within ooe year 17 1&13JJ301 17.982.680] Net current assets 553203 958,464 Total assets le55tes to the finandal statemtnts For the ar ended 31 Au U5t 2023 l. A¢¢•untin8 pollcles ml Debtors Trade and other debtors are recrenised at the settlement amount due after any trade discount offered. Prepayment5 are valued at the prepaid net of any trade di5COUnts due. n) Cash at bank and in hand Cash at bank and cash in hand includes cash and Short term highty liquid invesrments with è short maturity of rhree months or less from the date ol acquisition or opening of ihe de￿it or similar account. Cash balance5 exclude any funds held on behalf of service users. ol fJeditOf5 and prnvi￿n$ Creditors and provi5ion5 are re£o8nised where the charity ha5 a preswt Obl￿[10￿ resultinR fmm a pasi event that will probably resuli tn the transfer of fvniJ5to a third party and the amount due to settle the obligation caft be measured or estirnated reliatrdy. Credsiors and provisions are normally reco8nised at their settlement amount after alltswn8 foi any trade discounts due. p) Pensions The German School AsWCiatiLN) tontriiMJtes to Employee Personal Pension Plans with the costs reco8nrsed in expenditure ort a month-by-rnonth ba515. 41 ForelRn ¢urr¢ncl Assets and liabilit*s denominate(l in foreign cur￿nCle5 a￿ con¥erted at the rate of exchange ruling at the balance sheet date and the Bains or1055es on tronsactions in the year are included in the income and expenditure account. Transattions durin8 the year are converted at the rate of exchange ruling ai the date5 of thetransattions. 24 Germ￿sChOOl*sSQ￿4tyOTr Uffared Foithe i ended 31A t 2013 2012 T￿1 Restritt resTfthd Giartts¢ec•vatJlttmm cwrwai onKet¢V5th¢￿ts Awd M3A16 441416 433.696 7co.ri 1531,713 433.696 7rD.ori) I,S31,713 pr￿%1(1n DI P¥em15E5 by Gerrna￿ G¢y•emmÈtll Co5roffre?cher5 w19.962 1597,4691 8MI9. {597WI 7.154.9UI 1603.0571 7.422.493 7MIL493 6.651,924 Allicome Irorn charitaWeactMt*s iThtheprwyearwa5 unre5trthd. 2023 Total 2022 Toral Aentsi incom Sthool mayiineahd year*otsk Membet5hip5ub5rriMK)ns Rrystraiiyn lee5 Infrastructure ￿[schO￿Or￿e10prneThlI Prov￿lOn olschool bus of 5th(￿1 btr)ks Sthool cpfetEri ho￿tripS and otheracEMt*5 55.123 130 LO75 91.028 184,375 J50.526 85.65Y 456.283 l.C64.029 55,123 53,526 2,620 1.225 121.155 242.257 12L(M)2 40.130 323.621 726.342 L1175 15.65? 4S6J8J I,06￿19 Total ImC0mtfromothered￿1h?U1•¢f￿￿￿5 2.￿.126 I,OW22S I,S31,879 All inf¢rnefn)rn oihtrodutstional actwit*S Inihtw￿rY¢At￿ls Wff#itTed. 2022 Total Tty41 ResTriueO uwr¢tted 176367 174167 13.447 13.447 17&367 176.3fj7 La,447 13047 2025 T(*al Z022 R&strKtod Uvestrkied Year End thainlllD5svn Ciurrenraccounts Transferol￿ar-Ind lain to deferred Inc¢JmE_ 14.gJS) 14.93SI 149351 25 Germin School A550ciilion Llmited Notes to th• fih•ntial ststements Forthe earended 31 Au ust 201 7• Anolysls of Expenditure Icurrnrt Y￿rI Educational Gtmtnance Costs Support Cost5 costs 2023 Total 2022 Total Staff c05ts15ee Note 101 5.874.019 9,887 1.431.263 7.315.169 6.759.538 D1￿ct educational costs 117.03B 117,038 86,974 Governance cost5 (See Note 81 26.859 26.859 2S,242 Support costs (See Note 81 4.403,202 4.403.202 3.894.502 Total expendlwre 2023 5J91m7 36.746 5334A65 I1￿62,268 Total t¥penditure 2022 5,568.638 34.456 5,163,162 10,766.256 7b Analy￿5 of EJtper¥liture Ipriory*¥l Gcryemance Cost5 Support Cost5 2022 Total costs Stsfl costs (See Note 101 S.481.664 9.214 1.268.660 6.759,538 Direct educational costs 86.974 86.974 Governance costs (See Note 81 25.242 25.Z4Z Support costs Isee Note 81 3.894.502 3.894,502 Total expenditure 2022 5.568,638 34856 5.163.162 10,766,256 26 Gorfflan St￿01A$S0(r￿thTr Lknknd 0tr5 tythtfiNathci•lsi•t•iitnis Forthe ar*nOed 31A ust 2023 ATraI￿￿ ofswport &Go¥erna￿e(￿ts R•sourcts¢xpended alkncated tothe WlKLIarXt￿ltywhEt¢th*C0SlrElJfesdireCtFIf0fh￿ atttrliy. The bas￿(11￿Partm7nMeTh1 ofsupptytsc0ststotbew￿wtt lunLtK4)sactr¢ty based. G￿r￿r￿* 2022 Total Supwi tosts Total An¢Mlary 5UPPUrt MaintenarKeaTh1 utilit*s Ir6uTrnce5 Tra¥el tspenses TelephDne. po￿¥￿e. wnt. tnternet•￿I O Copiei tosts Profe55ion41 and (￿S￿l￿r￿¥￿ee5 Staff r*trurttntnt, trtInt￿ andwell￿¢ ankcharsesand inierest EntÈrtainmÈntcosts Audit fee5 & ￿he1 5eMce5 Scllcltorsc05ts 1.114.923 1.959.221 73,928 iJ.07F .989 47.967 18. 129.722 30.772 15.189 L114.923 1.959.211 73.918 845.342 1,754,988 79.923 4.545 38.NO 48.378 11.062 89,431 48.285 12.840 16.587 70.989 4),967 129.722 1.771 15.IB9 15.gjo 5.919 8.335 15.9 5.929 8.335 23.868 81.614 8J6.797 4,342 17.321 109.949 838,712 CommynbtyservKe Other 8enÈtal adn*r4strat pre00t￿N .614 BJ6.797 Support tosts 4.403.202 Gtyrtmarfe 26.859 Tot 59 4.W3201 4NJOM6J 3,919,744 Net ificome loithe yeav Thhisstated alterchariin 2Q12 oeDr¢o•tion Interest payab Oppr3ting1ea5e¥¢nta￿.. • other A￿litO¢$remUTher0tion-. audit other seryKes ManaBefflent CommitttÈ m*Mb*ts' 116.797 109 838,712 36.457 2Z.073 25.259 14.ltyj 12.300 1.764 27 Gerrna￿kh￿1￿6￿k3lAYn Umhed Notesto thefwnci¥l#•ttmen Forthe arended 31 A Staflcc(%ts**ie a5folM.' 2022 Sakries and wales Sociil 5ecurwty costs Employei'scOntrib￿ion to pensionsrherne5 Cosiof 12teather5pryWd￿ tythe6ErrnanG(Nwwnii1022.' IZI 4.777.619 477237 521.214 4.299.228 as2.￿7 475.691 1.531.713 7J15.k6> 6 7Sg 538 The lolly*liinUrnterofemp￿feceWedeffl[av￿ter*rrtsle￿C￿¥￿el￿I>PIpEr￿￿jDCosls)dUrl￿thÈyearP*l￿￿erL £￿.0￿- £69.999 £70.C(KI. £79.999 £W.IKK>. £89.999 £gJ.m). £99,999 £lOo.￿o- f109.999 Thetotal erngloyee benef*s indLK1in8pon5ioDcontrfMrt￿￿S￿idl￿￿>*vn1t￿￿1Vo￿r*¥4 of key rnanvmErtper￿r*1 were £ 5Z7.29812022.. £542.2001 The Manalerneni Committee morTrberswere w pa*lWreCe￿d aryotherterfn5fromernplwnem wrththethxity inthE yearl2022..ÉnMI. ManaEeDient Cornmitree mwnber recefved payrr*nt lor professoialorothErSerW￿ssU￿p￿tO ihethwity12022". £Th11. Therewere r￿eXpenSeS mmbutsed for rnanayment C￿l￿ttee n*mberslJ5t year 13)22.. E￿. 11. Thofull-time ewNafent nurntserofernp1>Jtesdurfr*the￿¥r￿￿asl￿knws'. 2013 No. 2012 No. Teachlry I1￿udire5Ec0￿W$te￿heCSj AdrnIn￿rIltyjn 5ypp¢rt 81.3 18.7 15.2 115.2 78.4 17.5 13.7 109.6 Theavera8eweelty numberof0mp￿Qos in(W¥¥¥0￿nIeersaTr￿ 4rtemsw a headrwm baw5Wa5 1611¥)22.. 1551 12. Aeknted p•rtytransartions Some ManaymÈnt corfthrtteemembersofth*S(ho￿ ao patyitsofchibknatteTrlinitheschDt4.The rlaLes arefurylEd inthe sameway 45 althe ￿her ptstÉs at thè s(hool andthe childi*rt re¢*￿the same 5eTrKearKI bonefitsa50thevthdkni. AureB*e donationsfrom trkied parties *r¢ ÉNil12022". £Nil) 13. Taxatlon TF*charitaWe ¢omp•ThysSeXemMf￿rn thxa5 ￿ it$W￿¢¥￿tI5tharitab* i5apF4edk¢CharItab￿ pwpcGe5. 28 rrtrwn 5¢ho￿A*s￿* Um the Ire￿4 al Ltst 2021 14 T￿￿￿efiXedl>%ets FLfftlu￿alld Equ1￿ment Cofflguier Tothl Cott At the start Llthpye¥ dit￿nsInvE31 20.310.789 147.169 573.Cq2 51.$97 20.935.468 402.127 At Ihft *r￿alth•Yo3r ZD.451.951 5• S73.fA2 Sl.597 IlJ37.595 Oeryec￿0n Atlhe start oft￿)￿￿ Char8eforthE ye¥ 5.515.182 810.173 564.278 ),576 1.021 6,130.036 816,797 At the endof the￿ar 6.31S35S 569.BBi 5L597 6,9a6AJ3 Ftsi b(vkval¥e Ai ihe endof ¢ht*ar 14.132.603 Z54J 14,3YO.76Z Atlhe #art ofthÈ 14.795.607 8.&)3 1.021 J4.8D5.43J IS. •Th￿lments 2023 2022 F￿rwaluÈ att￿ strrttsft￿War Ois¢0$￿ proceÈds NEf th3nitihl•irvab 39.713 I￿a9.11Y Investment cOmprisedew￿lSkn a uTht prytFDkD. l& 2022 Pupi6' a￿￿￿ts". fees. eNtrts4ndTrch￿8es Prepayrnents GÈrmart GovwnmèthtGAnt due 16.710 ¥229 73.Y)7 37.057 ISO,S18 ?2.659 29L256 260.234 2022 Trnde