2024-07-31-accounts

The Wrekin Old Hall Trust Llmited Financial Statements 31 July 2024 Together with Directors, and Auditors, Reports Registered Number: 00172472 Registered Charity Number: 528417 Page 1

The Wrekin Old Hall Trust Limited Independent Auditors, Report For the year ended 31 July 2024 Gov•rnorn l Dir•ctors Richard Pearson (Resigned 14￿ November 2024) Rev Matthew Beert. {Re*lected March 2024) Dr Emma-Jane Crawford {Appolnted Chalr 14th November 2024) Alison Jane DvAon LLB Jonathan Grant (Reélected March 20241 Nell Grfffiihs R Mark L Jones Pauline Mack"" (Rewelected March 2024) Dr Manjeet Samr8 D8vld s￿es Loulsa Welsby {Re-elected March 20241 Roy Yates-ward IRe-el8cled March 2024) ' Representative of the Martyrs Memor6al and Churth of England Trust Company SoGr•tsry Androw Buttèrworth Regl8ter•d Offl Wrekln College Welllnglon Shropshlr8, TF138H Bu8ln•ss Addr••• Wr6kln Collegg WellSnglon Shropshlro, TF1 3BH Audltor• Saffery LLP 71 Queen Wctc<la Street London EC4V 4BE Bank•r• B8rclays Bank Ple Wytham Court 11 Wesl Way Oxford, OX2 OJB In#uron¢e Brok•rn Marsh Ltd Capllal House 1-5 Perryrnount Road Haywards Heath Wesl Suss8X RH16 3SY Sollcltorl HCR Leg81 LLP S Deansway Worc8sler WR12JG Page 2

The Wrekin Old Hall Trust Limited Independent Auditors, Report For the year ended 31 July 2024 Flnanclal Statements The govemors, who are also dlrector8, present Ihelr report and financlal statements for the year ended 31 July 2024. Dlfe¢torn' R8sponsSbllltl•s The dlredors are Tesponslble for preparfng the dlredoTs' report and the finandal slalements In 8ccordan¢e ￿th applicable law and regut8110n. Company law requlres the dlredors to prep8r6 lln8ndal statements for each financlal year. Under that law th8 dlrectors have elected to prepare the financAal statemen18 In 8ccord8nc8 wlth Unlted Klnodom Genar8lly Accepted Accounllng Practlce Iunlled Klngdom Accounung Stsndards and applic8kJe lawl. Under company law the dlrectors must not approve the Iln8nc181 stslements unless thèy are sallsfjed that they giv8 a true and falr vlew ol the stats of affalrs of the company and ol ihe profil or loss ofthe company for that perfod. In preparing those financl81 slalemenls, the dlrectors are requlred to: • select suitable accounllng polldes and then appty them ￿n￿$t￿nIY,. ObSe￿e the methods ond princlples In the Charllles SORP IFRS 102)., make judgements and esomales that 8r6 reasonable and prudent., slate whether 8pplicable Unlted Klngdom Accounfjng Standards have been followed, sublect to any maledal departures dlsclosgd and &xpl8lned In the accounts. and prepare the flnanclal $laloments on the golng concem bas18 unless It 1$ Inapproprlate lo presume that Ihe company 11 continue In buslness The dlreclors ar8 responslble for keeplng adequate accounllng le￿rdS that 8r8 suffid8nl to show and explaln the compan￿8 Iransacllons gnd dl$clo3e wlth reasonable ac￿r0¢Y at any Ilmg thg flnan¢l81 poslllon ofthe company and to en8ble Ihem to ensure that the financial statements comply wlth the Companles Act 2CQ6. They are 8180 re8ponslblg for s81egu8rdlng the a$$el$ of the company and hence for laklng rea8onable steps for Ihe prevenfjon and d8te¢lion of fraud and other Irr89ularl￿eS. In accordance wlth secllon 418 of the Companles Act 2006, the dlreclors confim that. In the case ofeach ol the persons VA)0 8re dlreclofs 81 the Ilme when th5$ raport Is approved, so far as each dlreclor is 8ware, there Is no relevant 8udll Infom18tlon ol whlch the company's auditors are unaware. and helshe has taken 811 the 81eps that helshe ought lo hav6 tsken as a dlrector In order lo m8ke hlmthersdf aware of any relev8nl 8udlt Infomiatlon ond lo establlsh that the company's audllors are awar8 of that Infomiatlon. Corbstitutlon The ¢¢)mpany is1Smiled by shares and the constibjllon provldes that the income and the property of the company shall be applied solely towards the promolion of the oblecllves of Ihe company as sel out In the memorandum whlch shall only be exeTci5ed in furthgrance of the provision of education and related acliviues, and no part Ihereof shall be applSed dlrecuy or Indlrecljy In the payThenl ofdivldends orotherwlse by way of Profit to members ofthe company. The company is a registered charlty. The Wrgkin Old Hall Twst Lld Ss a member olthe Allied Schools group ofindependent sd)ools, all ofwhlch were founded by Ihe Martyrs, Memorial and Church of England Trusl IMMTI. On Seplefflber 261h 2013 the Allied Schools signgd new management Agreement with MMT by whlch the members of the group agreeé to the appointment of the Allled Page 3

The Wrekin Old Hall Trust Limited IrKlependent Auditors, Report For the year ended 31 July 2024 Schools Agency to oversee the performanee of the Schools and to monitor their adherence lo the foundallonal rellgkjus principles on behalf of MMT. Gov•rnanc• and Manag•m•nt The oov&mors. who are also dlrectors and the charlty tNstees, and are responsible for the over811 management and control of The Wrekln Old Hall Trust Lld, meet three Jmes a year. The Educallon Commltt88 meets e8th term before the Goveming Board. The Flnanc8 Commltt8e, whlch perfomis detalled reviews In Its spècllisl areas and oversees policy implementation. also m88ts thre8 tlmes a year, two to three weak8 In athance ofthe full Govemlng Body. Estates and Marketing Commlttees also regularly advlse the Govemlng Body. The Annual General Meettng of the company w711 be held on 28th February 2025. In accordance wllh the Ardcles of A8￿Cla￿on. Rev Beer. Dr Crawford. Mr Grant and Mrs Mack rellre by rotstlon, and belng ellglble, offer themselves for revelectton. Mr Yales-ward and Mrs Welsby were appolntsd durlng the year, and they rètire and, belng ellglble. offer thomselves for re-electlon. Tho dlredors, who are also the charlty Iruslee8 and con8161ule the Govemlno Body, am elected by the Govemlng B￿y, 8xcepl that Iruslees shall be nomlnated by the Martyrs Memortal and Church of England TNSt I") If the lotal does not exceed 12, three If th8 number gXGeeds 12 bul does not exceed 18. and four 6f the number 8xce8d8 18. No dlrnctor had a beneflclal Interest In any m8terl81 contract to whlch the company w45 a p8rty durfng Ihe year. The d8y lo d8y wnnlng of the Company was delegated lo the Haads- Mr Toby Sp8nc8 Iwrekln College) and Mr8 Anna Karacan (The Old Hall School) - and Ihe 8ur$ar, Mr David 8rown. The remungrauon of these key management personnel Is set by the Board, wlth the pollw Objec￿Ve of provkllng approprfale Inunllves lo encourage enhance¢J perfomiance and of rowardlng them falrly and rasponslbly for thelr IndlvSdual contrSbuUon8 to the Company's 8uccess. The appropd81eness and ielevance ofthe remunerauon pollty Is revlewèd annuolly, Indudlng reference lo comparlgon8 wllh other Independentschods lo ensurg thot tho school remalns senslllve lo Ihe broader Issues ofpay 8nd employment condlllons elsewhere. Mr Flrth retired from his posSllon on 31•1 August 2023 and, after a rlgorous fecruilmenl process, alded by a recognlsed and respected Search organlsatlon. Mr Toty Spence was appolnled Head of Wrekln Collo98 frcffi 181 September 2023. Prfor lo belng appolnted lo the poslllon of Head 81 Wrekln, Mr Spence was at Slbford Sthool In Oxfordshlre where he was Head for 7 ￿r$. Prevlously Mr SperKe had worked at Gr88nsled8 Intemallon81 ScbooI In Kenya. The company's Memorandum ond Arlldes of Associallon dated 6 January 1921 las altered by Special Resoluuon on 25 September 1951. adopted by Speclal Resolution on 10 June 1980, amènded on 26th September 2013 by Special Resotullon and mosl recently amended by Special Resolution on 181h January 20211 empower11 to Invest and deal wllh Ihè monles of the company not Immedlately iequlred, as it Ihlnks ffit. New gov8rnN8 are 8ppolnted by exlstlng governors and care Is taken to ensure that the relevant skills and experience are represented. Each new governor Is provTrdod vlth on Informallon pack and a Ilst of training courses for governors, some ofwhich they are expected lo attond. Helshe also meets the Chalr of Governors, Heads and Bursar and re¢elvos a conducted tour of the sthools. All governors recelve Infomiallon on governor tralnlng update courses. Obj•ctlvès and Actlvltlgs The company's principal object is lo provide oducatkjn for boys and glrfs In accordance wlth thè Protestant and Evangell¢al prSnciples of the Church of England. It alms to provlde a broad education that develops every pupll's full Page 4

The Wrekin Old Hall Trust Limited Independent Auditors, Report For the year ended 31 July 2024 po18nlial. Its subsldi8ry undertaklno, Wre￿n Tradlng Llmltsd {Registered Company number 4046851), lets the facilities of the Trust for use by the publlc and varlous cryanlsathon$ ftjr events and educadonal ond lelsure purposes. The Wrekln College Foundation {Registered Chadty number 11038841 has been fomed to ostabllsh a continuous fundralslng programme to provide the Trustees wSlh th8 resources lo fund scholarships and bursarie$ for de8ervlng young people, regardless of their financial circutnslances, and lo Improve the School's facillties. A Ilfettme p8thershlp wllh fomèr puplls, parents and frlends of the s¢hool wlll be the key to Its success. The Trustses of Ihe school have agreed that 10% of the school's nel incomlng resources 8h(xJld be don8ted lo conlrlbuléto a bursarles fund wlthln the Foundallon. From Ilme to tlme Ihls amount may vary al the behest of tha Govemor¥. The School also lunds cost of runnlng the Foundatlon office. wher¢a$ all fvnds r8188d are Included In the Foundatlon accounts. The school does not ¢ontrol the Foundallon and therefore thi$ 15 not consolodated Into the maln accounts. In settlng oble¢llvés. the Govem¢)r8 have glven cafeful considerauon to the Charfty Commlsslon's guld8nce on publl beneflt and in partlcular lo Its supplementary publlc benefll guld8n¢é on advandng educ8tlon and on fee-charglng. Stratoglc Report The Slr8tegic Report for Ihg purposes of Ihe Companles Act 2006 conslllut86 the 8ectlon8 IKled Alms and Eihos, Achievemonts and Perfomancé. Public Benefit, FSn8noial ievlew. Resèrves, Plans for the Future and Rlsk Man8gement. Alm• and Etho• • To create a communlty In whlch everyone- puplls. loachlng siaff and support staff - feel valued and Involved. To off¢r the hlghe81 qualSty of educ811on, In a COweducatlon81 envlronment, developlng puplls, IntelleGlual, physlcal, aeSthe￿c. moral and splrllual quallllgs In the sGhool'$ Chrisllan tradlilon. . To nurture Interestlng and balan¢ed young people In a happy and challenglng envlronment, enabllng them to fulfll Ihelr polenll81 and preparlng them for the modem world. To develop wllhln each pupll self4l$dplln¢, 8 dear sens8 of rlght ond wrong. and responslblllty and senslllvlty towaids others. . To recognlso and eelabrale Indlv6du81 achlevements In 8 broad range of acllvllbes. . To Inslil o sense of prlde in wr tradltlons and hSgh standord$ of conduct, courtesy and oppear8n¢e. . To fo3ler re$pecl and care lor our envlronmenl. . To prep8ro pupi15 for the worfd of employment Our Ethos.. The ￿h0o1 has 8 long Iraditlon of provlding a happy but disclpllned envlronmenl whgre all puplls are encouraged to Ilse Ihelr full potentlal. An excellent academic education Is provlded and al Ihe core is a strong sense of community. We welcome puplls from all backgrounds, $ublecl lo entrance Intervl8WS and assessments which aim to saosfy us thal potgntial pupi15 will be able to.bengfi1 from the education we provlde. We are an equal opportunities ￿ganISatiOn and 8re commltted to a worklng envlronment that is free from any form of dlscrtminalion. Pupils from twenty three countries are here. We alm lo produce employable puplls and have 8 Business Schod that over8ee6 thelr tra￿ctory Iow8fds employment. We are fully commltted lo safeguardlng and promoting the welfare of puplls. Pupils and parents are given very regular Information al)oul their children's academic progress through review meeungs, parents, evenlngs and writt8n Target Grades. Parents are als0 invited to attend regular parents. forums lo discuss matters of common Intgrest. such as Page S

The Wrekin Old Hall Trust Limited Independent Auditors, Report For the year ended 31 July 2024 preparauon for exams or the future dlrectFon of the school. Each Wrekln pupil also bdong$ to a house lutor group lthlch meet5 fvAce eath week to revlew progress both on the acedemlc and p8slor81 front. Independont schools are inspected regularfy, princypally by the Independent Schools Inspg¢lorale15SII whlch looks al both academlc and pastoral 88pects ofschool Irfe and whlch also regulates boardlng provlsion. We ore very encouraged by the compliance Inspection of Wrekln College whlch look place In March 2024. We were compliant in every respect. In the 2017 full inspedion, the quallty of the puplls, pers￿81 development wa5 regarded as ex¢dlont and the quallty of athlevèmsnl good, WrekSn College was fijlly comp118nl In ars ISI materlal change Inspectim In November 2021. Old Ho11 School was fvlly Inspected by the ISI In June 2023 and recelved an excèllent rabng for all calegorles. A full copy of the ojrrent Inspecuon reports can bs vlewgd on the Wrokln Old Hall Trust webslts. Wrekln ha¥ a Development Plan that govems Improvement In all aspects of 8th001 Ilfé over the ￿xt tsvo y•ars 202 2026. Achhv•m•nt¥ and Porformanc• Wr•kln Coll•go Academlc matters are very much al the centre of1Sfe 81 Wrekln gnd much has been done by all our leachlng staff over the ￿st year to enhance the stsnd8rds and expectation$ of our pupils and the quallty of the support they recelve. Th18 year has seen the Implemenlatlon of a new 4sses8menl, recordlng and reporllng procodure across the school based the'T8rget Grade System.. Thls system was commended durfng the 8chool's ISI Inspecllon followlrwJ 518 trlal wlth the Fourth and Lower Slxlh Forms. Our Upp•r Slxth $ludgnl¥ have 8¢hleved another hfjgh￿ Impresslve sel of A Levd and BTEC resu115 thls year which rellecl both thelr dedlcauon and commllmenl to achlevlng thelr polenual through worklng in partnershlp wllh our talenl8d teachlng staff. There have been some outstsndlng p8rformance5 several students achlevlng ellher an A" or an A grade In each of the 8ublecls they siudy. Several ol our most olfted students hove won places lo study at sC￿e of the county's most presuglous unlversiues, such as Oxford, ￿rham, Imperfal College and Klng's Coll¢go. London. Many morè have secuffjd 8 plo¢9 al a l¢)p Russell Group unlverslly lo read some of th8 most competltlve sublects, such as Archltecture, Law and Politics. Philosophy and E¢onomlcs. Three of our students wlll be Ic4nlng 8 highly regarded apprenuceship programme with Price Water House Coopers {PwCI. The following 8tattsfjcs provldo an Indlcatbon of thls ¢ohtyt'$ succoss.. Just under 30% of all grades 8chSeved by the Upper Slxth were al an A" or A grade. Th18 represents 8lm08t 8 10% Improvement on the School's perfoTmance last year and Is parbculady slgnlficanl glven the fall in A. and A grades nallonally thls year lo an 8nliclpaled 25.4% as grading finally relums to pre-pandemlc levels. Excludln9 those years when gradlng was dlstorte(I by the coronavlru8 pandemic. 29%1s the hSghest proportlon of A. and A grades athleved by the schod in the last decade. JLtsl over half of all grades 8chlev8d were al grade B or above. When the school's mixed 8bility intake is taken into consideration. combined wllh Ihe fact that the courses we offer In the Sixth Form are accesslble lo students of a wider ability range than In many schools. the scale of Ihls athlevemenl Is brought Into focxJ8. Agaln. If Ihe ye8rs Impacted by the p8rHlemlc are lonored. this proporlion of A'_B grades is the highesl since 2016. Just under ihree quarters of results were al grade C or above, which is wcKthy of note for the reasons given above. This Page 6

The Wrekin Old Hall Trust Limited Independent Auditors. Report Foi the year ended 31 July 2024 reprosents a 2% increase on 2019 8nd Is In Ilne wtth the sth¢)ol'$ perfOrmar￿e last year. The pe￿nts9e of passes achi8ved Ihls yoar is just 1Yo lower than the numb8r achieved last year. despSle the more rigorous approach lo gradlng adopted Ihls year. It Is heartening lo see that acad8mlc standards within ojr Slxlh Fomi continue to Improve.11 Is dear that Wreklnians have perf¢ymed better In comparlson wilh national trends than they did in 2023. Students and staff have responde(I vlgorously lo this yea¢8 relnlroducllon of pre-pandemi¢ gradlng standards and a high quality of teachlng and learning has been sustained. enabling an Increase in the award of th8 hlghesl grades. When ￿eWed from the pergpecllve ofthe number of lop orades 8warded, Ihls Ss the most Impressive 88t of A Level and 8TEC results slnce 2014. Our Flfth Form students have achleved 8n exceptlonally strong s¢t of GCSE results Ihls year. su￿a$S1ng the school's performance both last year and In 2019. Tha proporuon of top grodes awarded has Increased significanuy. as has the sth¢)ol'$ GCSE 'pass rate, In ￿mparISon wllh five years ago. Thls yearfs results are partlcularly Impresslve when conslderatlon Is glven to the fact Ihat ihbs Is the first yeor since 2020 and the dlsruptlon causod by the pandomlc wh8n no 5ub8tanllal changes In Ihe distribution of gr8des was exp¢Gled at a natlon81 level. One would have antldpaled, the￿fere, the percentsge of grade gs lo remaln very slmllar lo the number achleved last year. Inslèad.11 in¢reased ihls year byjusl over 7%. The same trend can b8 seen in the perGenlage of 9-7 grades awarded. whlch has rfsen th18 year by almost 0%. These results demonstrate that Wrekln Is extrem8ly aff8cllve In supporting Ihe mo31 able lo achiève al the hlgh8sI levels al GCSE whlle 8150 enabl1r￿ the ￿0￿rIty of sludents lo achleve or. In many G3s9B ex¢oed, Iholr academlc polenU81. 11 Is pleaslng to see that the challenge$ created by the coronavlru$ pandemlc, Such as leamln9 onllne durfng a formallve st8ge of th8lr secondary gducalon, have had Illlle dlscgrnlble long-temi Impact on thls cohort. The slaUstsG$ below illustrate Ihls cohort'8 SU¢CeSS- The percentage of grade 9s awarded Ihls year has Increased by lu81 over 7% when compared wlth 2023. Over 12% (12.6%> of GCSES awarded this year were at the hlghesl grade attalnable. Just undèr 40% 139.5%) of 811 grades achleved by th8 Flfth Fom were a grade 7 or above. Thls Is an Increa89 oflu$l under 8% Iwhlch equates lo 45 Sndlvlduol GCSE grades) when Gompared 2023. Just undèr 800A 177.5%) of all 755 grades 8chieved were al gr8de S or above. A gradè 5 Is constdered lo be a'slrong pass., This reflects tho fa¢t Ihallgss academlcally able students atwrekln oro not slmpfy belng laughl 'to poss, Ihe exam bul that they are slrongly encouraged lo achleve al the hlghest levd of whlch they are capable. Thls Tepresents 0 3.1 % Increase on the number of grades achlev8d al grade S and abovè In 2023 and a 5.5% Increase on thè same Statist￿ In 2019. Dlscounllng the three years whon grading wos dlslorted by the P8ndemlc {2020-221, Ihls year's GCSE pass rate of 91.4% 1$ the hlghe8t the school has achleved In over a decade and is over 6% hlgher than In 2019. This reflects both the hlgh quallty of le8mlng th8t Is taklng place throughout Ihg school as well as the delem)In8llon of our dedicated teachlng staff t¢ ensure that 811 puplls, Irrespective of th￿r academlc ability, are able lo achleve 8 strong sel of GCSES. A¢ademlc stsndards remain hlgh a5 the schojl exceeds Its performance last year. There remains a clear ambib'on throughout the school communlty to conllnue to drive leamlng forward. Al Wrekin College we celebrale the hard work and success of Indlvidual puplls of all ablliues, noljust the high fliers. We are equally proud of all Ihe pupils who have achioved their Challenge Grades. The demanding Extended Project Qualificallon IEPQI conllnues lo prove to be a greal success and lo grow In popularity. The exam results were not and wlll not be achleved at the expense of co-cufficular acUvltSes. As well as the many pupils heading off to highly competitive courses at unlversty. we also have high achievement In sports. notjust al county, but 81 feglonal and nauonal levels (the latter al a number of sports). and the￿ Is oqual evidence of excellence In music. Page 7

The Wrekin Old Hall Trusl Limrted Independent Auditors, Report For the year ended 31 July 2024 drama and art wlthin the school. Wrekin is good al nurturlng talent across a very wldo range of acflvltles. We prlde ourselvès on the range of experiences available to our pupils and on the facl that il is nomial for thgm to take part In a wlde vadety of activities righl up until they leave. With the support of our enthusia$li¢ and expgrt staff. very hlgh standards are achleved and. lust as with the academic slde of school Iwe. hittin9 your personal best IS 811 that matters: for example, In gymnasucs we have pupils performing for the first lime ind we have pupils appearing in the Intsrnalionally recognlsed compet6tlons Wrd(In offers a wlde'rangg ofcwurricular a¢tivlties with sport and musi¢ belng particularly Strong. Sport Is an 688enll81 part of pupils. Ilvos and rlghtty plays an important role in health. wellbeing and the buildlng of sodal skills. The amount of sports flxlures that have t8ken place al school have conf5nued lo grow, for both the'A' teams and 'B' teams glvlng us greater Strength and depth. The U19, U16 & U14 teams qualffied for the Wesl Mldlands School's finals, where tho senlor team progressed to th8 58ml-flnals. The 1st team also reached tho 4th Round of the nallonal Cup. Ella Thomas. Lulu Dean, Isla Massey 8nd Harriet Wllkes have all repres8nled Sevem Stars and Central Warfiors Nallonal Perfomiance Lgague teams. Dalsy- Mao Young was part of the Perfomanc8 Pathway and Lucy P8rk8r was a Nova squad mèmber. A handful of Lancaslar glrfs have been part of the S8vem Slar8 Pathway squads and County team8. 11 has been another successful y88r otcrlckel alwrekln. The 181 Xl and U17'8 had 8lgnbfic8nl vlctor195 agalnslformldable opponents. Includlng Solihull. Manchester Grammar, and Rugby School. The Under 17,8 made the Nallonal Plate Semi- Flnal a lerriflG team effort. Another hlghllghl of the school crfckel calendar was the annual Prep School crlcket lournamenl wherè we had over 280 studgnts pl8ylng In 70+ malche$. Tho glrls, teams have had a mlxed season, wllh g¢xtyJ games agalnsl Shrew5bury School. Ellesmere College and Morelon H811. We have some very promlslng players comlng through whlch wlll strengthen the teams In y88r8 to come. The glTl$ quallfied foi the Mldlands Toumaments from Ihelr Shropshlre county roun¢Js. The hlghllghi of the soason, the U18s, reachlng the mldlands finals, narrowty loslng (LJI 10 8 very strong Loughborouoh Hlgh School. therefore eoming the tille of Midland¥' runngrs up. In boy's h￿key,11 was an incredlbly successful season. Our U188 have competed In the adult men'818ague for the ffirst tlme. flnbhlng mld t8ble. Al the boy's 098 groups quallffied for Ihe mld18nd8 fln818 from wlnnin9 thelr Shropshlre county round. The U14s r8ached the final. n8rrowly loslng out, finlshlng Mldlands's runners up. The hlghllghl ol the season, our boys U16 learn tho won the Shropshlre County found and were crowned Mldlands chBmplons finlshed 2nd al th8 Tier 3 National Flna18. An outstandlng 8chlevemenL Thero wore some fantastlc per1￿Mances 8t the Shropshlre county champlonshlps for th8 sthool swlmmers. wlth all of them quallfylng for many flnals and coming away lots of med81s. Top overall wlnner to E3moy JoneSI￿th Barrettlsam Good. At the ShropshSre school ch8mplonshlps, Belh B8rrettwon gold. In her 100m Front CraYA, she broke the county record. Fonely Thompson also competed and flnlshed In Ihe lop 6 In both of his even18. Flve swimmers quallfled and 8ttende(I the Wesl Midland Championships where Esmay Jones won 3 9Dlds. Beih Barrett 2 Golds and Sam Good 1 Bronze. Beth Barrett has qualified in four events for the Summer English Natlonal Champlonshlps at Sheffield. The Slren9th and Condlllon prc4Jramme. Introduced in 2021 and run by a qualified sports tralner, supports our sports scholars. This trainer has been 8ble to help our ellte athletes by proyidlng a bespoke training programme to benefit each individual's needs to perfomi at reglonal level or hlgher. Pege 8

The Wrekin Old Hall Trust Limited Independent Audrtors, Report For the year ended 31 July 2024 L8sI August, when the Cholr relumed for Ihelr 'pre season, rehearsal, ihe 60 or so chorlsters who lumed up probably had little lo no inkling of wh81 Iled ahead over the coming 8cademlc year and what a successful year it would end up b8ln9. Thero have been over 65 performances of different types this year, more than tsvo a week. These range from background music at welcomlng events., landmark 5¢hool events such as Remembrance Sunday, Open Day and the Carol Services and Ihen on lo our pinnacle,. performing at N8tlon81 Flnals in some of the UK'S finest Concert Halls. Th8 national success thls year has b66n rem8rkable. Four coveled national finals resulting in threè even MO￿ coveted notional Illlesl Congratulations lo the Jazz band on their tsvo win5 th1$ year and to the ￿nCert band on what complelod a hat tslck of wlns In Warwlck. There was also a genuine cose of disbèllef al the fourth. It 15 easy lo come away saying we wère robbed. bul to all who were there; the chc4r dg1Svered a Bamardo's performanc8 that will Ilv8 forever in the memory of UK*Se who wlthessod it. Whll8t Wrekln's nalon81 reputallon for muslc Is now vary establlshed. thls Is just one elomenl of whot goes on. Other truly memorable even15 thls ye8r were Slsler Acl, the house 81ngSng and the unbelbevable atmosphere the whole school crealod; and a particular forte for Wrekln musicSans'. a host of chority concerts that have ralsed well ovor £40C(I for causes both dose lo home. nauonally and lnlern8t5onally. These Included a brillianl Chrlslm8s ch8rlly concerl Involvlng 103 puplls and a superb 3 day charlty muslc event. durlng last year's summer holldays, whlch saw young musi¢ian5 from all over Shropshire come toaelher wllh of COUTSe. Wreklnlans leadlng the way. However, our gre818sI mu51cal 8trenolh15 the teamwork and camaraderfe that pervades everythlng we do. Frfendshlps th81 stsrt In Lancaster 8nd wlll last well beyond the Wrakln years are fomied and $kllls for Ilfe embodded. That18, wlthout doubl. th• gr¢atesl achlovement of them all. The School woukl Ilkg to thank a very s￿la1 group of Upper 81xlh sludents who le¥vo us Ihls year. Most students In the Upper Slxlh ar8 Involved In muslc have begn here for the whol• seven years and hav• mgde exemplary contrlbullons. Some 41 the forefront as sololsts and others m8klng a regular bul v•ry much valued wnlribuuon ensemble membfjrs. The commltmenl from Ihly yeaf group h88 been magnlfl¢enl. It'8 been another busy year for dram8, klcklng off in September wlth the Thlrd form plays whlch saw Bayley wln best House for thelr hSghly ent&rtalnlng rendlJon of Thesgu$ and the Mlnolaur. The Flrsl Fom's Quarter Play, Charlle and the Chocolate Factory. was qulck lo follow, won by Boscobel. Thls year's Lower Slxlh dlrectors rose admirably to the challenge ol slaglng these producllons. In January, Mf Mlllon and Mr Platford's muslcal extravag?nza 'SSsler Act, look the Wrekln stsge by stom, c8Ptlvatlng audlences for four ￿nsecutive nights. The production was 8 dazzllng showcase of Wrekln's t81ent, led by tho exeepllonal Hattle Candlèr and Carollna Phllips who were both electrifySng as Dolores van Cartler, and supp¢yted by iheir dynamlc casts wlth extr8ordln8ry ener9y and professlonallsm. Thls was 8 show that wlll be romgrnbered by many 8s a hlghlighl not only of Ihe ye8r, but also of their time 8t Wrekln. Later In the Sprfng lemi. Mrs. Mlllon's 8enlor play- The SeTvant of Two Maslers - delivered an Irrevergnt Commedi8 ¢omgdy stsrring the hilarious Bru￿ Lawrence as the 111-fortuned s8rv8nt. The perfomance wa8 held together by a versalSle cast of commedla perf￿er$ whlch really brought lo life the comedy antics of this modem classlc. Tho 'Our House. InlllalSve remain$ very popul8r wSlh tho Upper Slxlh Fomiers. Groups of pupils are able lo spend a week fending forlhgmselves. cleaning, cooklng, washing and managlng a budgetvery much 8S theywlll flnd themselves dolng the followin9 year when they embark on a university course or care8r away from home. Wrekin prides itself c the 811-round excellence of Its educafjon., produclng well-rounded young peop16 who can approach Ihwr futures with confidence. Page 9

The Wrekin Old Hall Trust Limited Independent Auditors. Report For the year ended 31 July 2024 A pup114ed Inltladve called Espresso, a moblle coffee buslness (started from 8(¥alch by an entrepreneurial group of Wrekin sludenls a couple of years 890), continues to sefve hol drlnks lo puplls, parents 8nd vlsltors at school events. This is not only a viable onlerpdse in itself. bul It Is allowing each subsequent Year group the opportunlty to learn 'on the lob. a¢￿UnJng. marketing anfl general business practlces In a real envlronment. The character an(1 adventure trainlng programme has had a very successful year building on the successes of last year. Flfsl fonn stsrted the year ¥￿th a team bondlng day Including various physlcal and mentsl challenges almed al encour8gSng them lo make new friends. Second forrn flnlshgd Ihe year wllh their adrenalln-fvelled and a half day ouldoor pursuSts trfp al Th8 Great Escape In south Shropshire In CCF, the thlrd fom have grown Sn confldence and pgrformanGe throughout Ihglr year, tsklng part In a wld& varlety of act1￿1188. Includlng Tnarchlng In the Remembrance Par8de after only three weeks ol Iralning, 8nd completlng thelr Bronz6 DOE day walk. Thay have baen an ex¢ellent Coh￿1 and have attalned many quallfiGoflons throughout Ihe year. Our 40 Amiy and RAF Senlor Gad8ts havg gxcelled Ihemselves Ihls year. In partlcular. Cadet Warrant Offlcer Tlllk8 Warner and Cadet Sergeanl Ava Jaundrell have led their Sections from tho front demonstrating hi9h levels ol leadershlp and dedSc8llon. Cad81 Sergeant Mlllle Plumb h4$ bogn $$1gGtsd lo repTe5enl the CCF as the Lord Llgulenant of Shropshlre's cadet for 202412025.. a very pre8llglou8 and 80ughl after posluon. Senlor cadets representsd the school durln9 the vlsit of HSS Royal Hlghness The Duke of Edinbvrgh to Shropshlre. They perfomied a gun-run compelSllon, and a clay plg90n shoot for the Duk9 and had Ihg opportunlty to lalk lo hlm about thelr gxperlences wllh the cadel8. In tloE. the majorfty of Fourth lom) have now 5uccesslully completed thelr Bronze expedltlon phase and are progresslng with thelr other secuons well, wllh 47 Bronze aw8rds belng conflmed thls year, The Lowar 6 cohort gr9 worklng Ihelr way through th8lr SIIv8r award wllh 8 of the current year alre8dy havlng completed the award lo loln the 31 other Sllvgr oward5 galned across tho year. Fin8lly, 24 Upper 8 puplls b8ttled floods lo finlsh Ihelr Gold expedition In Snowdonla In Oclobor and 10 have already recalvad Iholr awar(Is Sdnlng the 15 mgmbgrs of prevlous cohc*ts who have collected Ihelr aw8rds from the Palace th18 ye8r. Al Wrekin College. the Ch8pel plays a vitsl part in the Ilfe of every chlld. The Chrfstian fallh Infom)s everylhlng we do In schwl. and underplns our aim8 and values, bul what w8 most want Is for our puplls to 11sl•n. thlnk and re￿8¢1 In Chapol, Allhough we are a Church of England foundauon, wlth an Anglican Chaplaln, we are open-mlnded on splrftual matters. PupS1 particlpallon Is encouraged in the Chapel, wllh Houses 18klng regular lurr15 to lead our momlng services during Ihe week and Pfefects and othar puplls leadlng assemblles on theli own. Each House selects Ihesr own 'House Charity,: qulte often land pref¢rably) for o ￿8$On ￿1¢h resonates wllh one or more members ofthe House. Fundr8islng and ch8ritable aclivilies are mOs￿Y organised by tho Charities Commlttoe.. a body of pupils wlth reprosentallves from each Hovse. Thousands of pounds were distributed la51 year betsveen the followlng charlues.. Cardlac Rlsk to the young. Actlonald, Great Ormond Street Hospltsl, Prostats Cancer Research UK. Do It for Debs. Sevem Hosplce and Cancer Rosearch UK. Ther8 are Inlemallonal pupils in the schod, induding exchange puplls, and w8 welcome the diversity they brlng. An emphasls Is belng placed on Incrgaslng the number and n81ional dlverslty of the overseas boarders. We have pupils from Gemiany. Spain. France, Ukraine, Poland. Chlna, Hong Kong, Japan, Sautli Arabla, Italy, M(Yocco, United Arab Emirales, Taiwan, Turkey. Russla and South Afrlca. Some slay for a term, others for tr40 years or m￿. To help International pupils Inlegr8te, wè try to ensure there are never too many pupils of one nationality wllhin the school, or Indeed withSn a year groLSP. Wrekln's 8nnual Exchange Programme continued in the year. Page 10

The Wrekin Old Hall Trust Limited Independent Auditors, Report For the year ended 31 July 2024 Readlng lesson$ are compulsory for all ag8 groups up to Year 11. enhan¢lng Illerary skllls of all towards the tests that await at GCSE and beyond. The Old Hall School The academic year 2023- 2024 has been a successful one for Old Hall. Numbers at schcol conllnue to be steady with 8n In¢rea5ed Interest In Years 3- 8. A smaller ReGepUon cohort Is very much on the agenda of tho SLT and admissions leom and a strategy and plan to recrull more younger puplls to the school Is undeN8y, wlih Stay end Play Se$￿￿$ eaGh half term. advertlslng campalgns and increased Open Days king planned and delivered. The currfculum is now in the beddlng 5t8ge, wlth s18ff r8vl8w6ng what Is taught half1oTm by half lem and feedlng back to subject coordinalors. The new approach has been well recelved and Ihg impact on leachlng and learnlng and on pupll's outcomes has been oVe￿h¢1M1ngIY poslllve. Thls year we wlll concentrate on taklng what is provided as a base by Cornerstones and making this bespoke, me8nlng that we will not need lo Invest In the currlculum package ngxt academlc year. Whlle Rose Math's has contlnued to have Imp8¢t, and we have Inlraduced Number Sgns• a$ an altgrnallve lo the more tr8dlllonal Ilmos tables approach aGro$s thé sthool. As$es¥monts have been updated, and we 8re now uslng Prfmary Inslghts Ifomially INCASI lo enable us to have on all through gpproach from 4- 18 across the Trust. Slgnlflcanl opportunlty In the ¢18s$Toom and beyond remalns a fealurg of tho odurAtSon at Old H811 wllh strong emph8518 bein9 placed on Sport, Muslc, Drama and Art for 811. The s¢fool Is oparatlng more Idp8, speakers and 8xlemal opportunlll¢$ lo enhance th8 new cuthculum oflerlng and Old Hall wlll go on Its first Cross Trust overseas Mp In Ea$tor 2025, Ilnklng wllh the flr81 and sacond form5 from Wrokln Cofe. The comlng together of the tsvo schools 18 now a foGg1 proJo¢t and Is progresslng well. A team lo support tho new brandlng and mark¢ling for thls has been est8bllshod and meets regularfy lo pave Ihe poslilve way fward. The tsvo Hoads aro aligned In en8udng thal the m8rger by 88 P051Uve and product4ve as posslble and are followlng the remll sel by the Govemors for thls to be pul Into place. Publlc B•n•llt It Is Important to us that acGa$$ lo the educa￿On we offer and tho opportunlty to beneffit from our on-slte facllltl8s Is not Ilmlted lo those who can afford our School fees. Burs8rfes and 8llowences Bursarie5 ara awarded, in so far as the schoc4 Is able, on a mean5-tested basls when parents are unable lo mget Ihe full schoot fe¢$. They may be awarded on enty or when clrcumslances change slgnSfjc8nlJy for a pupll who Is already enrolted in the school, such that the f8mlly become unable to sustaln the School fees. Bufsafles are fvnded malnly from the general fee Incomg of the school, with some 8sslsl8nce from the Wrekin College Foundalon and other exlemal 80urces. The sthools work wlth nattonwide Ghildren's charities to fund places for children whose circumstances are extremely challenglng and whose attendance at the schools alms lo slgnlficanlly Smprove Iheir life cholces. The buTh￿ry awards range from 10% to 100% r8mlsslon of fees. Infomiatlon about 8vailabillty of bur88rfe8 and other fee remlsslons such as $tholarships and famlly dlscounls arg provided to all applwng to the schod. Details of our bursary pollcy are shown in our prospectus 8nd on the webslte. Page11

The Wrekin Old Hall Trust Limited Independent Auditors, Report For the year ended 31 July 2024 Wlde access to both schools h88 been achieved durlng 2023124 wlth the award of a total of means lesled bursarles of £486,525 (3.8% of gross fees) for Wreklrt 8nd £90.928 {2.7%1 for Old Hall. Addilional non-means tested assistance of £28.158 112 puplls) for Wrekln College and £7,68815 pupils) for The Old Hall was given to servlce families in support of Ihe MOD educa￿on scheme. Thls In pr8cllce c8n Provide opportunltles lo benefit those unable to afford the ftjll fees. An amount of around 10Vo of operaung surplus has In recent years been donated lo the Wrekln College FoLsndalion to conlrfbutg lo a re51rtclgd Bursarles Fund wllh the aim of produclng 8 long-t8mi Incr8881ng flow of bursary lundlng for future puplls. The Trust made a donation of £72,000 In the year. Bursary funding of £190,000 was r•cèlved from the Foundation Ihls yèar. Access forloc81 chlldren Lttal chlldren who are not puplls and ￿0$8 famllles could not necessarfly afford the 8chool f888 are encouraged lo use our f8cllllles to galn formal and Informal e(lucallonal benefit In 8 varlety of contexts Indudlng the following- partldp8llon In netball, foolb811 and rounders days attendance al holld8y Sports courses and swlmmlng lesson5 attendance al gymnasllcs and crlckel club coaching se5slon8 partl¢lpallon In mulll fallh crfckel camps altend8nce al 8 hollday grt ond sdgnGe Ggmps partlclpallon In 'Bulld a brass Band In 4 Days, partlclpatlon In careers events and Iralnlng In our bu8lnes5 schoc4 P8rtldpallon In a mathematlc8 challenoe day Access for the loc81 communlty The schools conllnue lo develop communlty Ilnks, by 8llovAng loc81 charflable and communlty groups attesg lo Ihg faclllues for no charge, or al below Gommerdal rates. Recent examples Include.. Communlty Carol Sarvlce In the chlpel Weekly communlty cholr meetlngs Arranglng facllilles lor l(Kal elhnlc mlnodty women's community crickol Provlding rehearsal fadlilles for the local brass band The COvCUTrfcular team al Old Hall School work local prlmary schools ln1gadSng CPD, co8chlng of youngsters in sports leadershlp skills and the arrangement of sports events and competlllons. Thls enables Increased usa of tha Trust's sports faclllloes for a wlde vartety of young people from across both the prfmary 8nd secondary age ranges. Provlslon of otherbengfits Several of the s¢hods' senior staff serve as school inspectors. Members of lh8 sensor staff are govemors of schools In the malntalned sector The school also participates in the tralnlng of sludenl teachers. Page 12

The Wrekin Old Hall Trust Limited Independent Auditors, Report For the year ended 31 July 2024 Flnanclal Revlew The govemors are continuing thelr strategy of deploylng all net Incomlng resources lo Invgsllng In the educational purposes and fabrlc of Tho 01(J Hall Preparatory School and Wrekin College. The company operallng result was 8 surplus for the year of £717,768 (2023- £1.018,7641. Pupll numbers across bolh schoo15 slighuy decreased, averaging 782 over the year. Boarding numbers also saw a year-on-y8ar decrease. but the boardlng holtses were SUII near c8p8cIty. Over the summer the thlrd of the threa boardlng houses was fully refurbished and many properties across the eslale were renovated and enhanGgd. The comp8ny contlnues lo Invest In facllllles for Its staff and puplls. In the year the Trust Invested in solar panels and several bulldlngs. The Trust continued to be awarded the Cyber Essgnllals certlncallon In the year. All data management and storage became cloud based lo mlnlmlse the dsk of data loss or ransom. In the Summer, the school w?Icomes a G8mian Summer SGhool lo the slle In an Inaugur81 progr8mmè of frlendshlp camps. As a charfty we enjoy lax 8xempllon on our 8ducallon81 actMUes and on our inveBlm8nt Income, log8lher wlth an 80% reducllon on our buslness rates for the propertles we occupy for our chafltsblo alms. The Ilnanclal ben8fils we recelve from Ihests exempuons are 811 applled foreducallonal purpo8e8 and help u$ to malntaln our bursary pollcles and contlnuo to devglop our educallonal facSlllle5. The flnanGlal results for the y88r are dealt wllh In delall In the slalemenl of finand41 advlfje8 on pagg 21. The company's pollcy Is to malntaln free reserves In the fom of domgst1c hou59$, whlth could be sold In case of longer term need but, in the meanume, provlde accommodallon for both members of Staff and the publlc. Er￿Ugh cash feserves are held on aver899 lo pay the Salarfes and regu18r operallonal bllls for 2 months lapproxlmalaly £2.Om}, which would provldo a reasonable perlod In whlth to ralse addl￿onal funds by overdraft or loans secured on property. Cash roservgs 81311t July 2024 were £3.3m. The movements in reserves arg 5h¢)wn in note 17. Plans for th• Futur• There is a rolllng programme of silo improvements wllh many mlnor belng as8essed. prlorft15ed. anty complgted annually. Wg wlll fomi doser union between our Llbrary and ac8demlc departments. We are In the flrsl year of the cuffenl Development Plarb and are building Ils next phase during this year. We are renovallng the Slxth Form Centre and Sport's Hall fa¢illlles. We plan lo intrc#luce Wrekln Prep• Wrekin College and Wrekin Sixth Form brands In 2025. We are embarking on 8 whole slle review to Improve sustslnabllSty and drlve a paih to being carbon neutral. Page13

The Wrekin Old Hall Trust Limited Independent Auditors, Report For the year ended 31 July 2024 Thg otyectlves of Th6 Old H811 School forthe next yoorlnGlude.' To be the preparatory school with the strongèsl reputation in the 8re8. To enable all children lo reach their fvll aGadgmic polenllal through a broad, ba18nced and slimulaung curriculum. Wllhin a Ch￿St18n framework, to have a lively and happy elhos with go(MY dlsclpllne based on mLTbJal respect. foslerfng chlldren's moral, Inlelleclual. sporting. crealivg and Gullural development through the experfence of 8 wlde T8nge of group acllvllles. Through a secure pastoral system In a'f8mlly' atmosphere, lo encourage chlldren as individuals to be as acllve and amblllous as possSble, whllsl monllorfng development and provldlng support. To prepare each chlld for the approprlale senloT school, be It Wrekln College or farther aflold. To be academically non-seleclive al EYFS (Recepllon) and Key Stage 1. The obJecllv8s ol Wrekin College lor Ihe noxtyear Include.. Acad•rnlc Wrekln College wlll conlnue lo offer a broad and balanced currtculum lo each pupll In years 7 10 9 and 8 wlde fange of cholcè at GCSE lev6( Indudlng the core sublecls of Engllsh, Malhemallcs and the s¢ionce$'. ￿mbIned wlth opllons chosen from Art and Deslgn, Buslne$s Sludles. Deslgn Technology, Drama, French, Geography. Hlslory. ICT. Musl¢, Physlcal EdUCa￿On and Sp8nlsh. Pupils are encouraged to t8ke a m¢xlern language. Al Adv8nced Level, thè sublècls avallable Includo AccounlSng Art and Deslgn, Blology, Buslness Studles, ChemI51ry. Doslgn Technology, Economlcs, Engllsh Uleralure, French, Geography. Government and PolI￿C8, Hlslory. ICT, M8lhem81505, Muslc, Physlc8, Phy8lcal Educalon, Psychology, Spanlsh. RelSglous Studles and Thoalre Sludles. We w511 further embed the Reading Perfod vla followlng the'Accglerated Reader Scheme,, and take Lancaster Leaming onlo a new tevel. We wlll Introduce Inlo Y9 8n exlenslon of Lanc8SteT Leamlng called 'CV Iwhlch Is a scit of Record of Achlevementl B•yond tha Currlculum There are four maln strands of co<urrfcul8r actlvllfes: Music,. Drama., Sports: Outdoor Pursulls and Servlcg. Up to the age of 14, pupils, parllrApalon In these areas will Indu(le'. Year group drama competlllons,. Muséc le850n$ and aGllvllbes.' Sports tralnlng and matthes., The Combined Cadet Forces IYe8r 91 Beiween 14 and 16 years all puplls wlll conllnue 81 least Nvo of the86 acllvlllas. In Year 10. all pupils ale enrolled In the Duke ol Edlnburgh Bronze Award and Involved In at least one expedltlon as part of the programme. After the age 0116. 11 is exp￿ted Ihal all pupils will continue with al least one of the a￿￿118$, and many conllnue lo P8rUcipale in several areas of co-currlcular acllvlty. It Is by no me8ns unusual for 8 pupil lo partirypate al a hlgh level In 811 four strands. Page 14

The Wrekin Old Hall Trust Limited Independent Auditors, Report For the year ended 31 July 2024 Fundralslng and $orvl¢¢ All pupils wlll participate in fvndraising. thereby developlng an awareness of those outslde the school. For some puplls thls wlll be In major school 9venls. for example Chaiity Days,. for others il will be individual examples of speclflc servKe. By Its nature Ihls cannot be compulsory Ilesl the voiuntsry geslure be complelety removed), but Itwlll hav& a hlgh profll8 In the school and wlll be encouraged. Stsff It Is seen as an Integral part of staff responslbtlluès lo parbclpalo In the cwurrl¢ular strands of advity- For some there 1$ a hlgh degree of speclallsm (for oxamplo Mu$lc}', for others th6 wllllngness to tske part Is the main requlrem8nt. staff will be supported In INSET tralning lo gain ¢ertifi¢allon In aspects of expedlllon leadershlp and ¥ports ¢￿thIng for thelr own professlonal d8velopmenl and glso for the Improvad 88Nice to the puplls. I members of the communlty ￿11 be encouraged contlnually to Improve Ihfjlr IT skllls and keap abréast of IT developments. Tr8lnlng and resour¢¢s wlll be made 8vallable to the stsff and puplls allk8. and oFporbJnltle8 8￿ght lo Integrate IT Into the programmgs of Iho $¢hool. A project lo replace Ihg 8erver5 for the sch¢)ol wa5 completed In the Fundr•l•lng The Governors tske thelr reSponsI￿lIty und?r the Charllles (Prolecllon end Soc181 Inve$tmÈnll Act 2016 serlously and have considered the Impllcallons on the school's activilies. The malortty of fundralslng is from ¢onnected Trusts and Foundallon8 las shown In note 610 (he accounts). Th6 school does not 8cllvely soltll donauons from the ger￿1 publlc more wldely. The school ￿￿$ not work directly wllh commerclal partI¢S￿l0r$ or prof8881onal fundral8er8. The Govemors are not aware of 8ny compl8lnts mada In respect of fundralsin9 du￿ng the period. RIBk Manag•m•nt The Board of Dlre¢l¢)rs is responslble for the management of Ihe rlsks facad by th6 company, and has revlewed the major rfsks and moasuig$ for miligalon as part of an annual process. Wtlhln thls process the dsk8 assodated wlih the Covld pondemlc were Identlfiad and mitsgallng actSons pul In pla¢0. The Board of Dlrectors are $8tlsfied that the mlllgatlon of cuThendy Identlfled major ￿Sk8 has been or ￿11 ba addressed. The princlpal areas of rfsk and uncertalnty as Idenllfied by the trustees a￿ in governance ond school management, $8feguardlng of puplls and staff. delfvery of educa￿Onal obleclivos, impact of poor ecOr￿lI¢ Gllmate, and impact ol a m8jor dSsasler. Key controls used by the company to mlnlmlse the effecl of key are8$ of rfsk Indude.. ensurSng approprfale contro15 and govemanc& through ie9ular formal committee and board meellngs and clear aulhorfsalion and approval I￿81S., the setting of realistic fee Incre8s8s In conjundion with Ilght management of expenses,. omprehensive plannlng, budgetlng and management account6ng to control the delivery of appropriale levels of seNlce In all areas of the buslness: monilorlng of cash Ilow to ensure that 8d8quate financlal resources are avallable.. Page 15

The Wrekin Old Hall Trust Limited Independent Auditors, Report For the year ended 31 July 2024 fomial wrltten pollde8 to safeguard the welfare of pupils, staff and other related parlies; rKruiting and tralnlng appropriate levds of sknlled staff- and omprehenslve Insurance cover to mlnlmis¢ finandal Impllc8llons of damago lo the Gompany's phy51co1 assets and to cover other re16vant Ilabllllles. 11 Is recognlsed that systems can only provlde reasonable but not absolute assurance that major rlsks have been adequ8lely managed. Th8 Gov8moTS' Report, which includes the Strategic Report for the purp¢)ses ofthe Companles Act 2008 on pages 1 to 16, was approved by the dlrecters on 20 February 2025. Dr Emma Crnwlord Dlr•ctor Page 18

The Wrekin Old Hall Trust Limited Independent Auc5ttors' Report For the year ended 31 July 2024 Oplnlon We have audited the financial statements of The Wrekin Old Hall Trust Limited for the year ended 31 July 2024 which comprise statemer)t of financial activities, balance sheet, cash flow statement and notes to the financial statements, Including significant accounting pollcies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accountlng Standards, including Financial Reportin8 Standard 102, the Financial Reportlng Standard appllcable In the UK and Republic of Ireland Iunlted Klngdom Generally Accepted Accountlng Practlcel. In our oplnion the financial statements: glve a true and falr vlew of the charltable companvs state of affairs as at 31 July 2024 and of Its Incoming resource5 ond application of resources, Includin8 its income and expendlture, for the year then ended: have been properly prepared In accordance with Unlted Klngdom Generally Accepted Account5ng pract1￿,. and have been prepared In accordance wlth the Companies Act 2006. Ba51s for oplnlon We conducted our audlt In accordance wlth Internatlonal Standards on Audlting IUKI IISAS IUKII and appllcable law. Our responsibilities under those stondards are further descrlbed in the Audltor's responslbillties for the audlt of the financlal statements sectlon of our report. We are Independent of the charitable company In accordance with the ethical requlrements that are relevant to our audit of the financial statements in the UK, Including the FRC'S Ethlcal Standard. and we have fulfllled our other ethlcal responsibllltSes In accordance wlth these requlrements. We belleve that the audlt evldence we have obtalned 15 sufflclent and approprlate to provlde a ba51s for our opinlon. Con¢luslons relatln8 to golng concern In auditing the fiftanclal statements, we have concluded that the trustees, use of the 8olng concem basls of 3ccountln8 In the preparatlon of the flnanclal statements is appropriate. Based on the work we have performed, we have not identlfled any material uncertalntle5 relatln8 to events or condltlons that, Indlvidually or collectlvely, may cast signlflcant doubt on the charltable company's ablllty to contlnue as a 80in8 concern for a period of at least twelve months from when the financial ststements are authorlsed for Issue. Our responsibilities and the responslbllltles of the trustees with respect to golng concern are descrlbed In the relevant sections of this report. Other Informatlon The tnjstees are responsible for the other information. The other information comprlses the Infomiatlon included in the annual report. other than the flnancial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otheThvise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsib511ty Is to read the other information ond, in doing so, consider whether the other information 15 materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or P8g& 17

The Wrekin Old Hall Trust Limited Independent Auditors. Report For the year ended 31 July 2024 otherwlse appears to be materially misstated. If we identify such material inconslstencles or apparent material misstatement5, we are required to determine whether thi5 gives rlse to a material mi55tatement in the financial stalements themsefves. If. based on the work we have perfomed, we conclude that there is a material misstatement of thSs other Informatlon we are required to report that fact. We have nothlng to report in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken In the course of the audlt: the informatlon glven In the Tru5tee5' Annual Report whlch Includes the Dlrectors, Report and the Strateglc Report for the financial year forwhich the financlal statements are prepared Is Consistent with Ihe flnanclal statements,. and the Trustees, Annual Report which Include5 the Dlrectors, Report and the Strateglc Report has been prepared in accordance with applicable le8al requlrements. Matters on whlch we are reqUIr￿ to report by exceptlon In the IIBht of the knowledge and understanding of the charltable company and its envlronment obtained in the course of the audlt. we have not identlfled materlal mlsstaternents Sn the Trustees. Annual Report and Strateglc Report. We have nothlng to report in respect of the followin8 matters where the Componle5 Act 2006 requlre5 US to report to you If, In our oplnion: adequate accountlng records have not been kept. or return5 adequate for our audlt have not been received from branches not V151ted by u5,. or the financial statement5 are not In agreement wlth the accounting record5 and returns: or certaln dlsclosures of trvstees, ￿MuneratIon specif*d by law are not made; or we have not recelved all the Information and explanatlons we requlre for our audlt. Responsibilities of trustees As explained more fully in the Trustees, Responsiblllties Statement set out on page I, the trustees (who are also directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financlal statements and for being satisfied that they glve a true and fair view, and for such internal control as the trustees determine 15 necessary to enable the preparatlon of financlal statements that are free from materlal m155tatement, whether due to fraud or error. In preparlng the financial statements, the trustees are responslble for assesslng the charitable companvs ability to continue a5 a going concern, disclosing, as applicable, matter5 related to going concern and usin8 the going con￿rn basis of accounting unless the trustees elther intend to liquidate the charitable company or to cease operations, or have no realistic alternative to do $0. Audltorfs responslbllltles for the audit of the flnanclal statements We have been appointed as auditors under the Companies Art 2006 and report in accordance with regulation5 made under that Act. Page 18

The Wrekin Old Hall Trust Llmited Independent Auditors. Report For the year ended 31 July 2024 Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mi55tatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinlon. Reasonable assurance is o hlgh level of assurance, but 15 not a guarantee thal an audit conducted in accordance with ISAS IUKI wlll always detect a materlal mlsstatement when it exi5t5. Misstatements can arise from fraud or error and are considered material if, individually or In the aB8regate, they could reasonably be experted to Influence the economlc decislons of users taken on the basis of these flnancial statements. Irre8ularities, including fraud. are instances of non-compliance wlth law5 and regulations. We desi8n procedures in line with our responslbllities, outlined above, to detect material mlsstatement5 In respect of Irregularities, Including fraud. The 5peclfic procedures for this enga8ement and the extent to which these are capable of detecting irre8ularitles, including fraud are detailed below. Identlfylng and assesslng rlsks related to Irre8ularltles'. We a55e55ed the susceptlbility of the charitable companvs flnanclal statements to material mlsstatemenl and how fraud might occur, Includln8 through d15cussions wlth the trustees, dlscussions wlthln our auéit team plannln8 meetln& updating our record of Internal controls and ensuring these controls operated as intended. We evaluated posslble incentives and opportunltles for fraudulent manipulatlon of the financlal statements. We Identified laws and regulatlons that are of $18nlficance In the context of the charitable company by discussions with trustees and updating our understandlng of the sector in which the charitable company operates. Laws and re8ulatlons of d5rect 518nificance In the context of the charitable company Include The Companies Act 2006, and 8uldance issued by the Charlty Commisslon for England and Wale5. Further the charltable company is subject to other laws and regulatlons where the cor¢sequences of non- compliance could have a material effect on amounts or dlsclosures In the flnancial statements, through significant flne, Iltl8atlon or re5trirtlon5 on the charltable companvs operations. We Identlfied the most significant laws and regulatlons to be the Independent Schools Standards as found In the Education and Skllls Act 2CQ8 and guidance issued by the Department for Education. Audlt response to risks Identlfied.. We considered the extent of compllance wlth these laws and re8ulatlons as part of our audlt procedures on the related financial statement Items includln8 a revlew of financial statement disclosures. We reviewed the charltable company's records of breaches of laws and re8ulatlons, minutes of meeting5 and correspondence wlth relevant authoritie5 to Identlfy potentSal material mlsstatements arlslng. We dlscussed the charltable company's pollcles and procedures for compliance with laws and regulations wlth members of management responsible for compllance. During the plannin8 meeting with the audlt team, the engagement partner drew attention to the key area5 which might invohje non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non.compliance with laws and regulatlon5 or knowledge of any actual, Suspected or alleged fraud. We addressed the rlsk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any slgnificant transactions that were unusual or outslde the normal course of business. We assessed whether judgements made In making accounting estimates gave rise to a posslble Indication of management bias. At the completion stage of the audlt, the enBagement partnerfs review included ensurlng that the team had approached their work with appropriate professlonal sceptlclsm and thus the capacity to Identify non-compliance with laws and regulations and fraud, There are Inherent limitations in the audlt procedures described above and the further removed non-compliance with laws and regulations is from the event5 and transactions reflected in the financial statements, the less likely we would become aware of it. Also. the risk of not detedlng a material misstatement due to froud is higher than Pagg 19

The Wrekin Old Hall Trust Limited Independent Auditors, Report For the year ended 31 July 2024 the risk of not detectlng one resulting from error, as fraud may involve deliberate concealment by. for example. for8ery or intentional misrepresentations, or through collusion. A further description of our responsibilities is avallable on the Flnanclal Reportlng Councll's webslte al: www.frc.or auditorsres onsibilities. This description forms part of our auditorf5 report. Use of our report Thls report is made 501ely to the charitable companvs members, as a body, in accordance wlth Chapter 3 of Part 16 of the Companies Act 2(KJ6. Our audit work ha5 been undertaken 50 that we might State to the charitable companws members those matters we are required to state to them In an audltorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responslblllty to anyone other than the charitable company and the charitable company's members as a bodyfft for our audlt work. for thls report, or for the oplnlons we have formed. Cara Turtlngton (Senior Statutory Audltorl for and on behalf of Saffery LLP 71 Queen Vlctoria Street London EC4V4BE Statutory Audltors Date., 26 March 2025 Saffery LLP is eliglble to act as an auditor in tems of section 1212 of the Companles Act 21 Page 20

The Wrekin Old Hall Trust Limited Statement Of Financial Activities (incorporating an Income and Expenditure account) For the year ended 31 July 2024 2024 2023 T¢)tal Tt)tal Income from charlt•bl• actlvltl•¥ School foes receivable Other educatsonal income Other anclllary trading income 13,330,CiII 335.446 134.344 12,922,108 300.700 130.569 13,799,791 13,353.377 Othgr tr•dlng 8Ctlvlil•s Rents and school lets Invesknenl Income 267,719 131,089 204,713 47,323 Don&tloM and oth•r Income 2,549 13,180 Total Incom• 14.201,148 13,618,593 Expendlturo on ral¥lng fvnd• Fundralslng Flnance oosts 65,916 35,882 23,775 43,896 101.798 67,671 ChaThAbl• actlvltl Provlslon of educallon and grants 13,392,582 12,540,158 Total •xp•ndltur• 13.494380 12,607,829 N•1 Income for th• y••r 706.768 1,010,764 Ponsbon 8ch•m• actuarlal adjustments 23 11,000 8,000 N•t mov•m•nt In fund• 717,788 1.018,764 Fund balances brought forward #11 August 21.474,578 20,455,814 G•n•ral Fund balances c•rrl•d forward at 31 July 22,192,346 21A74,678 The company had no recognlsgd gains or losse5 in the year othoT than those above. The a¢¢ompanying notes are an Integral part of this 5t8temenl of financl81 actIvi￿es. The stslemenl of financial aCti￿tieS Indudes the Income and expendlture 8ccount. Page21

The Wrekin Old Hall Trust Limited Balance Sheet As at 31 July 2024 Notes 2024 2023 Tanglblo Flxed As*•ts 21.615.452 20,717,676 Invostmonts Investment In subsldlary 11 21,615.454 20,717,678 Curr¢nt Assets Stocks 10 27.180 627,525 3,282,710 37,442 881,947 2,974,644 Dèblor$ Cash at bank and In h8nd 12 3,937.416 3,874,033 Cr•dltor•: Due wlthln On• Y•ar 13 13,186,740) {2,859,S341 N•t ¢urr•nt ••••ts 750,675 1,014,499 Tot•1 •$••ts le¥• current Il•blllti 22,388,129 21,732,177 Cr•dltors: Du• In more than On• Y•ar 14 (167,040) 1239,8S81 N•t A••et• oxcludlng pr¢vl•lon• 22,199.089 21.492,321 P•nslon• Tru8t provl•lon 15.ociI} 116,0001 Total N•t A#8•t• 22,194,089 21,476,321 Callod up Shar• capttal 1,743 1,743 Unr•8trlctèd fund• Gen•ral reserve 17 22,197,348 1S,oc(JI 21,490,578 {16.000) Penslon reserve T4)tal Funds 22,194,089 21,476.321 The financlal st8t8menls on pag8s 21 to 39 were approved by the board of dlreclors on 26th February 2025 and slgned on thelr beharf by: Dr Emma Crawford Dlr•ctor Company reglstor¢d numbèr 172472 The accompanying notes are an integral part of this balance shget. Page 22

The Wrekin Old Hall Trust Limited Cash Flow Statement For the year ended 31 July 2024 Notes 2024 2023 Net cash provid•d by op¢ratSng actlvltle¥ 20 2,143,009 1,593.957 Ca¥h flows In from Inv•stlng actlvltle• InleTesl re¢elv8d PurGhaso of property, plant and equlpment Pro¢Èads from th8 salo of propety, plant and 8qulpment 131.089 (1,643.300) 10,600 47.323 11.327,3081 9,110 N•t co•h provld•d byl(u¥od In) Ily￿#tIng acllvltl•s 1501 611 1270 87S Ca•h flows from flnanclng •ctJvltl•s Repayment of bank loan8 Pro¢t6ds from new bank108n8 (333.3331 13e1.1121 N•t cash provld•d byllui•d In) flnanclng •¢tlvttl•• 361 112 Chang• In ca•h and cash •qulvJl•nts In th• r•portlng rlod C48h and cash •qulval•nts •¢ th• boglnnlng of th• r•portlng wrlod 2,974.646 3,012,675 Ca•h Jnd cash equlval•nt• at th• •nd of th• reportlng perlod 21 3 282 710 2 074 644 Page 23

The Wrekin Old Hall Trust Limited Notes to the Financial Statements (continued) For the year ended 31 July 2024 1 Accountlng Pollcies a) Basls of accounting Tho Ilnanclal slatem8nls have been drawn up on the hlslorlcal cost basls of accounung In accordan¢e wllh appllcable Accounung Stsndards and the Statement of Recommended Praclice "SORP {FRS102)" and Financial Reporttng Standard 102. and thus Include a statement of finand818ctlvllles Tather than a profll and loss accounL The dlreclors have taken advantage of the Companles Act2008 {S40512}l èxempllon and thè SORP IFRS 102} IS24.51 exemption from preparing 9roup flnanctal stalements. as they consldgr they would be of no value to the Company's members as the effect of any changes would not be materlol to Ihe flnanclal stalgments. Having revlewed Ihe fundlng f8cIIIiIés 8vai18ble to tho sch¢)o110gether wllh the expected ongolng demand for places and the ￿h0o1.$ future prolected cash flows. the Governors have a reasonable expoctallon that the Bchool has adequate resources lo conunue Its advlffje$ for Ihe foreseoable lulure. Accordlngly, they contlnue lo adept Ihg golng Cc￿ceM bas18 In preparfng the flnanclal stslemenls as oullSned In the Dlrector8' Responslbllllles on page 1. The financlal stslernents are prepared In slerllng, whlch Is the functlonal currency of the school. Monetary amunt8 In these flnanclal 5talements are roundeil lo the nearest £. The school meets the definltion of a public benefit en￿'tY under FRS 102. The followlng accounung pollcles have been appliod conwstenlly In deallng wlth Itèms which oro conslderod malerlal In relatlon to the College's finand81 statsments. b) Faes 8nd slmllar eomed Income Fees recelvable and ch8rges for seNlce8 and use of Ihe preml$eB,1gss any 8llowances, schotarshlps and bursades grantèd by tha schod agaSnsl those fees, but Indudlng conlrfbutlons reGelved from reslrlcled funds, are accc4Jnted for In Ihe porlod In whlch the 8ervlce13 provlded. c) Inveslm9nt income Investment Income from bank balanc•$ and flxed Interest securitles Is accounted for on an amals basls. d) Don8tlons, 18gad8s. grants 8nd olherlncom8 Donatlons are accounted for as and when entltlement arlses, the amount Can be rellably quantifiod and Ihe e¢onomlc benefll to the school is considefed probable. Donallons for the school's general purposes are a￿oUnted for as unrestrfcted antd are crediled lo the Goneral Funds. Where thg donor or 8n appeal has imposed trusi law resMcUons, donations are credited to a rgslrfcled fund and Incomlng endowments are accounled for AS P8mianent trust capitsl or oxpendable tnjst capital. accordlng trj whelher th8 ¢Jonor Intends retenllon Is to be pemangnl or not. Glfts In klnd are valued al esllmated open market value at the d8t8 of glft, In the case of assets for retenlon or consumpllon, or at the value to the school in the case of donated services or f8(¥lities. P89e 24

The Wrekin Old Hall Trust Limited Notes to the Financial Statements (continued) For the year ended 31 July 2024 AG¢ountlng PollGl•$ (contlnued) e) Expendfture Expendlture 5s accrued as soon as a Ilablllty Is consldered probable, dlscovn18d to present value for longer-temi li8bllltSes. Exper)diture altrlbutable to more thon one cost category In the SOFA Is apportloned to them on the basls of Ihe estimated smounl attrfbulabl8 to each actlvlty In the year. elther by reference to staff time or the use made of the underfylng assets. as appropriate. The direct costs Incurred in preserving the sch¢)ol's anclent bulldlngs and Ihelr contents are shown as a Gharltable acuvlty dlsUncl from that of education and grant makino. Irrecoverabla VAT Is Included wllh the Item of expenditure to whlch11 relates, Gfanls awarded are expènsed as soon as they become legal OT operational eommltm8nts. Governance oosls comprlse the costs of complylng wlth constliul¢on81 and stslutory requlffjm8nl6. Intro￿rouP sales and ¢harg8¥ behwn the school and Ils subsldiarfes aro exGlud•d from tradlng Income and expendlture. fj Tanqible flxed asse18 8nd d8prncl8￿0n Tanglble fixed assets arè stated al cosl18ss accumu1818d depreciauon and any provlslon for Impalmenl. DonalSons of tanglblo flxed assets or¢ capltsllsed 81 Ihelr cash value or esllmalod Gash value If received In klnd. Indivldual Items C0811ng lèss Ihan £500 are not capllallsed. Depreciatlon bs provlded on olhor tanglble fixed assets KJ as to writè off th8lr C081, less esllmaled resldu81 value. by equal Inslalments over the expected useful Ilves of the assots Gonremed. Tha Qstlmated useful Ilves are consldered to b? 8$ follows.. Plant and equlpmenl Computer equipment Fumllure, ffixlures and fllllngs Motor vehlcles Freehold buSldlngs - 510 30 years 3 10 5 years 10 yoars - 4 years 1010 1￿Year8 The bursar and malnlenanag slaff carry out on annual Impalrment revlew foT alllond and bulldSng5. Repalr8 and malntenance expendllure18 charged as an operaung expense In the year In whlch11 Is Incurred. Donallons of langlble a$s•ls are c8pltsli8ed. Donatlons are 8ccount8d forwhen recelved or when rgcelpl can be relbably quanllfied. g) Stocks Stocks are 8tsled al the lower of cost and nèt realisable value. h) Doblors Trade debtors and other debtors are reGogni$ed al the settlement amount due 0ft8r any trade dlscounl offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. Page 25

The Wrekin Old Hall Trust Limited Notes to the Financial Statements (continued) For the year ended 31 July 2024 Accounting Polic1•$ (conllnued) IJ C&sh al b8nk and in hand Cash al bank and cash In hand Includes cash and short lemi highly liquid investrnenls with 8 short maturity of three months or1955 from the date of a¢quisiUon or openlng of the deposll or slmllar accounL J) Cr8dllors andprovlslons Creditors and provlslons are recognlsed where the charlty ha8 8 present obllgatlon T8sulllno from a past event that ￿11 probably result in the transfer of funds to a third p8ty and the amount due lo settle the obllgallon can be measured or eslimal8d reliably. Credltors and provlslons are nomially rgGognl8gd 81 thèir settlement amount after 8llowlng for any trade dlscounts due. k) Fln8ftcl81 Instrum8nts The ch8rlty has flnandal assets and Ilnanclal Ilabllltles of a klnd that qualfy as baslc lfjnondgl Inslrumenls. BosSG flnanclal In8trumenls are Inlllally recognlsed al transacllon value and subsequently measured al their settlement value wSth Iho excepllon of b8nk108n8 whlch are subsequenuy measured al amotlsed cost using the effective inler8sI method. l) Fund &ccounllng The charltsble irustfund8 of the school are aecounled for as unrestdcted or restrfcled In￿rne, or as endowment capltal, In accordance wlth the lems of trust Imposed by the donors or any 8PP8al lo whlch they may have responded. Unr￿trICt1d Income belongs lo the school's corporate reserves, spendable al Ihg dlscretlon of the governors elthoT Io further the school's Oblecls or to benefll the 8chool Ilsell. Where the govem¢Ns declde to Sel aslde any part of Ihesg fijnds lo be used In future for some sp8clfic purpose, this is accounled for by Iransler lo the 8pproprf81e deslgnaled fund. The sch¢JoI currently con$ldeTS 811 funds to be unreslrfcled. Page 26

The Wrekin Old Hall Trusl Limited Notes to Ihe Financial Statements (continued) For the year ended 31 July 2024 Ac¢ountlng polk1￿ (GonUnued} m) P9nsions Rellfemenl benefits lo employees of the school are provlded through three penslort schemes. one dellned benefll and two defined contribution. The company left the Teachers, Penslon Scheme on 31sI August 2021 and thus In Ihls accounllng period there are no charges lo this scheme. The penslon costs charged In the Staternenl of Fln8nc181 AcUvlUe5 aro del8rmlned as lollows.. {81 The Teachers. Penslon Schem8- Th18 scheme Is a mulu-employer penslon ￿heMe.1{ Is not posslble lo Idenljfy the school's Share of the undedyln9 assets and llabll1￿eS of the Te8chers' Pen51on Schème on a conslstent and reasonable basls and therefore. as requiréd by FRS102. accounts for the scheme 0$ If il were a definod conmbullon scheme. The school's contrlbullons. whlch are In accordance with Ihe recommendatSon$ of the Gov¢mmenl Actuary, are charoed In the perfod In whl¢h Ihe salarlès lo whSch they relate are pay8ble. (bl Tho Penslons Trusl GTOWth Plan - Th18 Is a mulll-employer scheme whfj￿ the school's share of the Under[￿n9 assets and liabilities cannot be identified on a conslslenl 8nd reasonable basls. In accord8nc& wllh FRS 102 costs ielalln9 to cijrrenl sgrvlcg aTr accounted for as they fall due and costs rolaling to past service and deficll fundln9 are accounle(J for as a commllfnent once Ihey are known. (¢1 APTIS - Avlv8 Penslon Trust for Independanl Schoo18. Th1818 8 defined conlrfbuuon scheme $91 up by Avlv8 PLC specifically for Independent schoc4 wlsh lo exll from Ihe TPS. Employef s p8nslon costs are charg•(I Sn thg prlod In whlch the salades to whlch they relats are Gharged. In addluon, there Is a group personal panslon plan. Employer's penslon costs are charggd In the pgrfod In whlch the salarle5 to whlch they relate are payable. n) Slgnlflc8ntludgemenls and estln70les In the app1s￿l0ft of the Comp8ny's accounling pollcle$. management Is requlred lo make judgements 88llmales and assumpllons about the carrylng v81ues of assets and118bllilies Ihat are not apparent from other sources. The •stlmalos and undedylng assumpllons are based on hlslorical experienc8 and olhgr factors that are considered lo be relevant. Actual results may differ from Ih88e estimates. Th6 estlmales and underfying assumpllon5 are vlewed C￿ an ongoln9 basls. Revlslons to accountlng estlmales are recognised In the perfod In whlGh the estimate Is revlsed If the revSslon affects only that perfod, or In the perbod of the revlslon and future periods If the revlsSon affects both current and future perlods. o) Leases Assets held under finance leases, whioh confvr rights and obligations simllar to those attached lo owned a5sels. are capilallsed as tanglble fixed assets and are depreciated over the shorter of the lease lemis and their ￿￿ful lives. The capllal elements of future lease obllgatlons are recorded as Ilabililies, while the Interest elements are charged lo Ihe ststemenl of finanaal aclfjvlues over the perlod of the leases lo produce 8 constsnl rale of chargg on th8 balancg 01 capital repayments outstanding. Page 27

The Wrekin Old Hall Trust Limited Notes to the Financial Statements (continued) For the year ended 31 July 2024 2 Fo08 2024 2023 Gross school fees Less.. Sch(Aarshlps, bursades, gr8nt8 and allowances 15,953,736 2814113 15,529,299 12.779,6911 12,749,608 172.500 13,139,623 190.378 Bursarles and sthc48r3hlps from exlemal bodles 13,330,001 12,922,108 3 Othor Incom• 2024 2023 Othw •nclllary Incom• Sports Hall Income Transport tolfrom stho Glft aid from Wrekin Trading ￿MIl9d School shop (unfform solgs. Old Hall) 20.983 50.345 02,984 52 24,787 47.301 15 134.344 130.569 4 InvMtm•nt Incom• 2024 2023 Inlerost reGelv8d 131.089 47.323 5 Donatlon¥ and Othor Incom• 2024 2023 Donallons and grants Page 28

The Wrekin Old Hall Trust Limited Notes to the Financial Statements (continued) For the year ended 31 July 2024 6 An￿y$l8 of Total EX￿ndit￿re 2024 Total Staff costs Other Dopreciation costs Co8ts of gèn•ratlng funds Fundraising Development Office FlnanGe costs 57.776 8,140 35.882 44.022 85,916 35,882 101,798 57,776 Charltsbl• actlvltl•• Provlslon of oducafjon TeachSng Welfare Premlses Support costs 6,223,202 757.482 714.885 871.065 8.567.234 879,491 1,119,831 1,166.285 811.301 3.976,908 72,000 30.917 4,079,825 7,102,693 1,877,313 2.626.693 1.682.966 13.289,ees 72,000 30,917 13,392,582 745,523 745,523 Grants, award8 & prizes Govemance costs 8,567,234 745,523 Tot•1 r••our¢•• •xpgnd•d 8.825.010 4.123.847 745.523 13.494.380 2023 Total Staff co•t• Oth•r D•pr•¢latlon ¢o8ts Costs of gonoratlng fund• Fundralslng Dovglopment 0ffl¢o Flnance costs 20,654 3,121 43.896 47,017 23,775 43,896 87,671 20,854 Charttabl• actlvltle• Provislon of educallon Teachlng Welfare Premises Support ¢o$ts 5,718,639 680,018 617,067 831.329 7,847,053 843.484 1,096.255 1,237,608 688,197 3,865,544 109,0 8.679 3.983,223 fj.562.123 1.776,273 2,564.557 1.519.526 12.422.479 109,000 8.879 12,540,158 709,882 709,882 Grants. awards & prfzes Govemance costs 7.847.053 709,882 Total r•sources oxp•nded 7,867,707 4030.240 709.882 12.607,829 Page 29

The Wrekin Old Hall Trust Limited Notes to the Financial Statements (continued) For the year ended 31 July 2024 7 Not Movement In Furbd5 for the y•ar ar• stated after ¢harolno I Icrèditingl: 2024 2023 Depreclallon - on owned a$s8ts Audilors. remunerallon Bank char￿S Donations Bank inlerest recelvable Othgr Inlgresl recelvable Operating Lease payments 745.523 19,721 21.099 72,000 1122,888) {8.2231 30,232 709,882 14.285 19,274 109,000 135.836) 111.4871 30.232 The dlreclor8 reGelved no emoluments durlng the year {2023.. £nlll and none receive reliremenl benefits from tha school. No payments were made lo dlroclors for Iravol or other expenses.12023'. £nlll. Tanglble Ai••ts Fr••hold Prop•rty Plant & Equlpment Comput•r Equipmont Furnltttr• & Flxtu Motor V•hlcl•• rotal Colt 1 Augu812023 26,611,282 1,043,072 499.109 1,873,e95 241,149 30,068,307 Addltlon8 1.140,402 251,844 43.973 207,081 1,643.300 018P08alB 123,415) 1108,191) 192.6881 117.7fJJ (241,9941 31 July 2024 27,751,684 1,271.501 434,891 1,788,088 223,449 31.469.613 D•pr•clatSon 1 Augu812023 7,212,410 748.201 393,401 812,675 183.944 9.350,631 Charge for Y8ar 455,172 83,208 S7,S16 129,443 20,185 745,523 Dlgpos818 {23,4151 (108.191} {92.8681 117,7001 1241.994} 31 Juty 2024 7.667.582 807.995 342,726 849.430 186.428 9,854,160 N•t Book V•lue 31 Juty 2024 20,084,102 92.186 938,658 37,021 21.815.453 31 Juty 2023 19,398.872 294.871 105,708 861,￿20 57,205 20.717,676 Page 30

The Wrekin Old Hall Trust Limited Notes to the Financial Statements (continued) For the year ended 31 July 2024 Wlthln Ihe fr8ehold propety costs above Is £412k which relates to assets under construcllon. 9 Capltal Commhm¢nts C8pltal expendlture aulhorfse(l al the balance sheel dats and contracted for amountsd to £364k solaf panel worts on domestic propertles. 12023: £335kl. Thls work was completed In September 2024. 10 Stock• 2024 2023 Raw maledals and consumables Good8 for re-sale 21.376 5.804 31,401 6,041 27.180 37,442 The replacement cost of stocks Is not Gonsidorod to ba mat6rl8lly dlfferent from thelr hlslorlcal cost. Pag& 31

The Wrekin Old Hall Trust Limited Notes to the Financial Statements (continued) For the year ended 31 July 2024 11 Investment In Subskllary 2024 2023 Shares al Cost The School owns the whole of the Issued ordlnary share captt81 of Wrekln Tradlng Llmited, a company reglstered In England and Wales. Wrekln Tradln9 Limlled lets the f8cllllles of the school for the use by the public and various organlsallons and prepares Its annual flnanclal statements to 31 July 2024. The followlng Infomiallon Is dlsclosed.. 2024 2023 Balanc¥ of Capllal and Reserv88 Rfjsull for Ihe Year 82,964 47,301 12 D•btoTs 2024 2023 Debtors In respect of school feès Other debtors Amount due Irom Wrekln Tradlng Limlted Prepayments 8nd aGGrugd Incom¢ 395.815 1.047 116,283 114,380 558,918 93,051 110,239 99,739 627,525 861,947 13 Cr•dStor•: Amounts falllng du• within on• y•*r 2024 2023 School fees paid on account Trade creditors Other credllors Taxallon and sodal securlty Accruals and deferred IncDmo 1,499,257 515,272 271,017 157,723 632,360 111,111 931,320 302,646 381,193 149.415 761,624 333.336 CBIL loan 3.186.740 2.859.534 Page 32

The Wrekin Old Hall Trust Limited Notes to the Financial Statements (continued) For the year ended 31 July 2024 14 Crodbtors: Amounts fallrng due after more than one year 2024 2023 School fees paid on account Allled sCh￿Is penslon C81L loan 167,040 96,448 32,300 111,108 167,040 239,856 2024 2023 Amoun18 P8yable 88 follows.. 1-2years 2-5years 81,872 85,168 219,451 20,405 167,040 239,856 The CBIL bank loan Is secured by a mortgage over the company's freehold land and prop8ty. 15 Compo•ltk4n Fw• Fund Inv••tm•nt• Funds daposlled on behalf of the schci)l are held and managad by The Wrekln College Foundatlon and reported In tho books of Ihal Charlty. Page 33

The Wrekin Old Hall Trust Limrted Notes to the Financial Statements (continued) For the year ended 31 July 2024 16 Shar• Capltal Authorls•d Allottod, call•d up and fully pald 2024 2024 2023 2023 £1 ordlnary sh8re8 5,0ts) 5.OlY] 1,743 1.743 17 R•••rves At 1 August 2023 Nel movement in fvnd¥ 21,474,578 717,788 At 31 July 2024 22,192,346 General reservo 22,197,348 15.0001 Penslons Trust Al 31 July 2024 22,192.348 The nel movement In funds for the year18 the only movomenl In shareholders. funds. 18 Contlng•nt Llabllltl•s ond Gu•rantts• There wgre no conllnggnl Ilabllllles. 19 Employ••• and Emplpy•• Co¥t• 2024 2023 Wages and salarles Sodal 8ecurlty costs Other pen8lon Go$ts 6,947,23fj 617,845 6,317,378 572,871 858 707 Page 34

The Wrekin Old Hall Trust Limited Notes to the Financial Statements {￿ntInued) For the year ended 31 July 2024 The average monthly nurnber of employees of the company during the fin8rtdal year was 85 follows.. 2024 Numb•r 2023 Numb•r Teathing staff Establishment and admln18trallve stsff 118 128 103 132 235 Stsff numbers are quoted on a headcounl bas18. The number of 8mpk)yees %those emoluments exceeded £60,000 were: £60.000 - £70,C £70,001 - £80.000 £80,001 - £90.000 £90,000 - £1Cw),000 £120.000- £130,CQO £140.000- £150,000 The schwl's employer penslon ¢ontrlbuilon8 for the above hlgher-pald staff ww8 £12S,80112023'. £108,834). or Ihls none was pald Into 8 dèfined bene￿1 8cheme {2023: £0) and £125.801 to 8 doflned contrlbutlon scheme {2023: £108,834). The number of staff In penslon sthgmgs werè as follows: Defined Conlrfbuuon 207 187 Aggregate employee bonefils of key management perscnngl under the FRS 102 guidellnes totalled £341,981 {2023: £348.8381. Wage8 and salary costs Indude r8dundancy and s8tdemenl payments and reserves of £8.74912023'. £48,752). Page 35

The Wrekin Old Hall Trust Limited Notes to the Financial Statements (continued) For the year ended 31 July 2022 20 Reconciliation of N•t Movoment in Fundi to N•t Cash Infiow from Opor•tlng A¢tlvltl¢• 2024 2023 Not Incomo for the reportlng p•riod Adlustm•nt$ for: Intèrest recelvable Depreciation chaTgg$ (ProfilyLoss on disposal of flxed assets {IncreaseVDecrease in stocks {IncreaseyOecf8ase In debtors Incre888 in credllors 706,768 1.010.764 1131.0891 745,523 {10,6001 10,262 234.422 587.723 147,3231 709,882 19,2131 19.562) {284,399) 223,806 Net ¢Jsh provlded by 0￿rotIng actlvlths 2,143,009 1,693.957 21 An•ly¥l• and R•conclllatlon ol Not Fund$ Oth•r non- cash chang68 At1Aug 2023 At 31 July 2024 ¢••h flow Ca8h 81 bank and In han¢J 2,974,644 308,066 3,282,710 2,974,644 308,066 333 333 641.399 3.282,710 111,111 3.171,$99 CBIL loan repayablg Net fund• 2 530 200 C8sh 81 bank and In hand CBIL loan wllhln one year CBIL loan due after one y6ar Not fund• 2,974,844 1305.560) {138.8841 2.530.200 308,068 333,333 3,282,710 {138,8841 138.884 3171 599 22 Op•ratlng Le•••i At 31 July 2024 the company hod gulstanding commltmenls for future minimum lease payment$ under n(￿- C8n¢e118ble operalinglgases. whS¢h fall due as follows: 2024 Oth•r 2023 Othgr Wllhln one year Later than one year and less than fve years 48.493 76,844 125.337 43.426 54.004 97,430 Page 36

The Wrekin Old Hall Trust Limited Notes to the Financial Statements (continued) For the year ended 31 July 2024 23 P8nslon Schem •) P•nslon8 Trust-Th• Growth Pljn The company partlclpates In the scheme, a mull14mployer sch•me which provides benefits to some 638 non-associaled parlicipatsng employers. The scheme Is a defined benefit scheme in the UK. It is not possible for the ¢ompany to obtain suffldent Informatlon to enable11 to account for Ihg scheme as a defined benefit scheme, Therefore11 accounts for the scheme as a defined contrlbulion schome. The schernels sublecl to the fundlng leglslallon wlllned In the Penslons Act 2004 whlGh camg Into force on 30 December 2005. Thls, together with documents Issued by the Pensions Regulator and Technlcal Actuarfal Standards issued ty the Flnancial Reporting Coundl, set out the framework for fundlng deffined ben6fi1 occupalional pension ￿h¢M¢S in the UK. Th& scheme Is dassified as 0 '1g$t-m8n st8ndlng arr8ng8menl'. Therefore the company Is potsnllally118ble for other particlpating employers. obllgallons If those employers are un8ble lo meet Ihelr share of the scheme defloll fdlowlng wlthdrawal from the scheme. Particlpallng employers are legally requlr8d to meet thelr share of the scheme d8ficll on an annulty purchase basls on wllhdrawal from the scheme. A full acluarlal valuatlon for the $¢h¢me was carded out at 30 Seplomber 2020. Thls valuation showed 88sets of £800.3m, Ilabllllles of £831.9m and a deflcll of £31.6m. To ellmSnats th18 fundlng shortfall, tho Trustee h8$ 8sked the partlclpallng employers to pay addStlon81 ¢onlrSbutlon¥ lo the schem8 88 follows.. Deficll conlrlbutions From 1 Aprll 2022 to 31 Jonuory 2025: £3,312,000 per annu Ipayablo monlhlyl Unless 8 conc688lon h88 been agreed wlth the Trustee the lerm to 31 January 2025 appllej, Note that ihe 8cheme'8 prevlou8 valuauon was carrled out with an èffÈcfjve date of 30 Septèmber 2017. Thls valualon showed assets of £794.gm. Ilabllltles of £926.4m and 8 deficll of £131.5m. To ellmlnale thls funding shortfall, the Trustee asked the partlclpallng employers to pay additlonal conlrfbullons lo the schema as fofiows.. Dellcll conlrlbuUons From 1 April 2019 10 30 September 2025.. £11,243.000 per annum (payable monthly and Incr8885ng by 3% eaGh on 151 April) Th9 recovory plan conlribulions are alloc8ted lo each parUGlpating employgr in line wlth thelr estimated share of the Serles 1 and Serles 2 sdieme Ilablllles. Where the scheme Is in defldl ant1 where the company has 89reed to a deficll fundbng arrangement the company recognlses a118billty for Ihls obllgallon. The amount recognlsed is the nel present value of the deficll reduction conlrfbullons payable under the agreement that relates lo the dellcll. The present value Is calculaled uslng the discount rate delallod In thesg disc105ures. The unwindlng of the dlscounl r81e Is recognised as 8 flnance cost. Page 37

The Wrekin Old Hall Trust Limited Notes to the Financial Statements (continued) For the year ended 31 July 2024 PRESENT VALUES OF PROVISION 31 July 2024 (£81 31 Juty 2023 l£sl 31 July 2022 l£sl Present value of provlslon 4,798 13.968 23.361 RECONCILIATION OF OPENING AND CLOSING PROVISIONS Provlslon al Stsrt of perfod 13.986 23,361 Unwinding of the d18counl factor1Snl8r981 exp&n881 524 571 D8fldt contrlbution pgld 19,8991 19,8991 Romea$uromonls- Impact of any ¢hange In Bssumptlon8 {2671 Rem888uremonts- amendments lo the contrlbutlon 8ch8du Provlslon at end of porfod 4,798 13,966 INCOME AND EXPENDITURE IMPACT Interest expen38 524 571 Reme88uT8mènt8- Impact ofany changa In 888umptlon8 12871 R¢meb8UTemènt8- amendments to the contrlbulon 8d)edul8 cOnt￿t￿li0n8 pald In respect of fLrture servte" Costs recajgnlsed In Income and 8xp8ndlture account 'Includes defined contribullon schem85 and future servSce contributions (i.e. ex¢ludln9 any deficit reduction payments) lo deflned benefit schemes which are Irealed as defir￿1 conlrlbutlon schemes. To be Completed by the company. ASSUMPTIONS Rat8 of d18eounl 5.23 5.98 3.15 The discount rates shown above are the equivalent slngle discount rates which, when used to discountlhe future recovery plan conlribulion5 due, would give the same results as uslng a full A4 corporate boryl yield curve lo discount the same recovery plan Gonlribulions. Page 38

The Wrekin Old Hall Trust Limited Notes to Ihe Financial Statements (continued) For the year ended 31 July 2024 b) Defin￿ contrlbu¢lon Schomo- APTIS (Avlva PgnBions Trust for Independent Schools) The comp8ny left the Teacherfs Pension Scheme ITPS} in August 2021. T8achlng slaff were invited lo loln APTIS. deflned contrfbu￿0n schome oporatsd by Aviva plc. Contributions range from 5% to 50% for employees wilh the employee conlrtbullon belng sel al 18.SQh. The employerfs wntrfbutions are charged In the SOFA In the perlod in which the salarles lo which they relate are due. The employer's con1rfbu￿Ons In tho year amounted to £703.26412023 £529,9681- At 31 July 2024 there were £95.071 accrued p8nslon conlribuilons for this scheme12023'. £81.8491. c) D•fin•d contribution chemo The charfty 81so operates 8 deflned conlrlbuuon sGhemo. Thls 1$ a money purchase scheme operated by Standard Ufe. Bosic contributions are 50A fof the employee and 7% for the employer. Employees may contract lo exchange Salary for hlgher penslon conlribulions. The employer's conlrlbulSons are charged in the SOFA In the period In whlch the sa18ri8S to whlch they relole are due. The employeT'S contributions in the year amountod lo £1,648 {2023 £1,559}. Al 31 July 2024 there were £137 accrued penslon contrlbutlons for Ihls scheme12023: £130). dl Ex51 fvom th• T•ach•r•' Ponslon Schome ITPSI Th¢ Gompany left tha Teachers. Penslons Scheme ITPS) on 31$1 Augu3t 2021. 24 Relat•d Party Tran•acllon• The chadty has a wholly owned subsldlary, Wrekln Tradlng Llmltgd. Al tho yearnd Wrekln Tradlng Llmlted tha charlty £118,283 {2023'. £110.2401- Wrekln Tradlng Llmlled mad8 a covenanted comm11m￿bI of £82.964 12023- £47,301) durlng the year lo the charfty. The Wr8kln Cdlege Foundatlon Is a sgparale charftable foundation whlch provldes fvnds lo the oompany for bursarfe¥ for chlldren who could not ordln8rf1y afford fees lo attend Wrekln College. The company donatss funds lo thls foundauon and In the yearto 31st July 2024 commltled lo donate £72.000 whlch was outstandlng al 311lJuly2024 {2023.. £109,000). Theie were no other related party Ir8nsadons In the year. Pag6 39