2022-08-31-accounts

Tettenhall College (Incorporated) (A company limited by guarantee) Annual Report and Financial Statements For the Year Ended 31 August 2022 Regtstcred Number 141727 Ch2riry Number i28617 Tettenhall College A LEADING DAY & 80AROING SCHOOL FOR BOYS AND GIRLS. AGED 2 - 18

TErrENHALL COLLEGE (INCORPORATED) (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) Statement of Financial Actii'ities for the ye2r ended 31 August 2022 Contents Page: Governors. O￿lcerS and advisers Anniial Report of the Governors Strdtegjic Report Statement of Accounting and Rewrting Responsibilities 18 Independent Auditor's ReFOrt 22 Stateinent of financial activities 23 Balance Sheet 25 Cash floiv Statement 26 Notes to the financial statements

Tettenhall College (Incorporated) (A comp4in)' lijnited b). guarantee) Covernors, otrieers and adi'isers Governors, Directors Charity Trustee5 The Governors of Tettenhall College (the College") are the Colleoe's charity trustees under ¢harity laiy ai)d the directors of the Charitable compan).. The members of the Governing Bod). who served in oifice as Governors during the year and subsequentl). are detailed below. Mr J F Woolridge. CBE, DL, Bsc (Hons) (Chaiman) 408 Mrs J Parker, (Vice Chairman) MBE, JP. MCSP È06 Mrs C L mmond, BA Mr S Maddox A.B. Eng ACIOB- Mrs S J Isbisler Mr A Wynne LLB {Hons) #6 Prof S Chung JP FCIOB MRICS FCABE PPKtBis+ Mr M Cat]re)' BA (Hons) ACA- Mr T J Beech MA (Appointed 24 Ma), 2022) Mr5 R Sidhu LLB {Hons) (Appointed 03 November 2022) Rev Preb Dr G Wynne, D.Lill.. M.Th., Bsc (Soc). BD, AKC, Dip Soc Admin #+0@ (Resigned 31 December 2021) Member of Finance Committee Member of Platkning & E￿ateS CotnTnittee Mctnber of EdLicalioii Cotnmittee Metnber of Marketing Comtniltee The Execlilive Committee sits as required and is constituted ofGovemors appropriate to the task. The Governors are elected at a full Councfftl of Goi'ernors meeting. Tlie Council of Governors consists of a ma%imLim of six notnin<lted Governors and nineteen Governors appointed by the Council of Governors. the noiniiiated Governors being= Not more than foLir members to be nominated b), the United Refornied Church or its successor. Not more than lil'o men)b¢ts lo nominated by the Baplisi Union olGreat Britain and Ireland or its successor. Offi¢er$ H¢Rdmaster Mr C J McAllistcr BA (HowEs), QTS, NPQH (Headmaster) Secretary and Blirsar Mr C S Way Bsc (Hons) Clerk to the Governors Mr R J Ennis LLB Compan), number 141727 Charity niimb¢r 528617 Principal Addres5 and Registered otTice Wood Road: Tettenhall. Woli'erhampton. WV6 8QX Website i%Th￿￿,.tetlen11a1IC0l1ege.C0.u￿

Tettenhall College (Incorporated) (A compan). limited b). guarantee) Governors, officers adviser3 Adyisers Bankcrs Lloyds Bank PLC. Queen Square, Woli'erhampton, WV I I UE Solicitors Rees Page, 8-12 Waterloo Road, Wolv¢rhampton WV14BL Auditors Croii'e U.K. LLP, Black County House, Rounds Green Road, Oldbury, West Midlands. B69 2DG Insure Marsh Limited, Castlemead, Loiver Castle Stree( Bristol, BSI 3AG

Teltenhall College (Incorporated) (A eompdn). limited b). guarantee) Annual Report of the Governors for the vear ended 31 August 2022 The Goi'ernors present their Anniial Report for the )'ear ended 31 August 2022 under the Charities Act 2011, inclliding the Directors, and Strat¢gic Rcport5 under the Compani¢s Aci 2006. together ivith ihe audited linancial statements for the )'ear. REFERENCE AND ADMINISTRATIVE INFORMATION T¢ttcnhall College ivas founded in 1863. It is consliluted as a COEt]pany limiied bs. LTiiarantee reb?istered in England, No. 141727. and is registered ivith the Charity Commission under charity number 528617. Details of the members of ihe Governing B(Ml)'. together ivith th¢ College's officers and principal advisers, are giv¢n on pages 2 and 3. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Documents The Coll¢ge is governed by its M¢morandum and Articles of AssociatiOD, ￿"hICh date from 1915 and were last updat¢d in 2009. Governi0% Body The govcrning body of ihe College is the Council of Governors details of ivhich. including infomiation on hoiv the i))einbers of the goi'erning bod). are appointed to office, are set out in page 2 above. Tlie Couiicil of Governors determine the general FK)lic)' of the College. The da)'_tIHlas' management is d¢legat¢d to the 14eadmasler and Il)e Bursar. Reci'iiitment and Training of Governors The College's Governors are apw)inl¢d at full Council of Governors tnectings on tlie basis of notninations received tak'iiig acLoiint of the Counctl's spe¢ifi¢aiions con¢emingT ¢ligFibilil)', persotial cotnpetence, specialist skills ai)d local av4iil¥?bilily. Nci%' Governors are indiicied into the iiork"in¥s of the c.ollege and receiiwe a cops, of guid<liice issiied b}, the Association of Goi'crning Bodics of Indcpcndcnt Sch(x)Is IAGBIS) aiid the College's "Goiweniaiice at Tettenhall Collegie" handbook thai sets oiil meJnkrship.. memorandum and articles, committee strucllire. terms of reference, and procediircs inclLiditkg appointment and induction of neil- Goi'eriiors. Specific traiiiing for Goveri)ors is prol'ided b!, AGBIS ii'itli particiilar reference to the goi'eniaiice issues coiiiiected ii'itli a charitable orgaiiisatioii. Orgallisational MaTragement The Governors, as the charit). Trustees of the College, are le8all}' ￿SPonsIble for the oN'erall Inanag¢mcnt and coi)trol of tl)e Collegye and meet at least tliree times a l'ear. Tl)e F.Necuiii'e Committee: cl)airLd b). (l)e Vice Clirt for approi'al b). tlie Coiincil, and t other litnes a5 nc¢¢ssaTr'. Thc Chairn1ic n of the Finaiicc Conimittee is Mr M Caffre).. Other priiicipal coinmittees ar¢ the Plani)iii&F and Estaies Committee. chaired b). Mr S Maddo¥ tlie Educatioi) Comniittee: cliaired b). Mrs J Parker aiid the Marketing Comniittee chaired b). Mr A WN'ni)e. Other commillee members are listed on wage 2. Eacli ot. these commitlees meets once a terni before meetii)os of tl?e Council. Sub-¢ommitiee ii)eetii)gJs are l)eld for Sc2fegiiclrdino and for Health lind Safeh.. Minutes of these meetings are diqlribijled to all GoK'emors are re]x)rted upon at full Council meelÉngs.

Tettenhall College (Incorporale(l) (A ¢ompan)' limited b). guarantee) Annual Report of the Governors for the )'ear ended 31 August 2022 The da), to daj. running of the Colleoe is delegated to the Headmaster, supported by hts Senior Leadership Team, of hich the Biirsar is a tnember. Together this group arc the ke). tnanagement personnel. The 14eadmaster and th¢ Bursar attend mc¢lings of the above committees; The Head of the Preparatory Schi)ol, Deputy, Heads and other members of staff attend cotntnittee meetings as requi￿d. Remuneration È5 S¢t b). thc Board. ii.itli the ￿lIe}. objectii'e of providing appropriate incentives to encourage enhanced perfom)ance and of reii'arding fairl). and responsibl). indiN'idLial contributions to the College's success. The appropriateness and rcle¥'ancc ol the remuiierdlion polic), is revieii.ed annuall).. iiicluding7 refereiice to comp<irisons ii'ith other independent schools to ensure ihat thc College remains sensiliii¢ to Ihe broader issues of pay and einploymenl conditions elseii"here. Delivery of the College's charitable vision and P￿r￿se is primkrilN, dependent on our ke), management personnel and staff ¢osts are the largest single eletnent ofoiir charitable expenditure. College Struc¢ure and Relationships The College a¢livelv supports the allainment of the highest Standards in the Independent Schools sector, partly throiigh nelivorking ii.ith other schools and partl)- throiigh peer groiip studies for the evalliation of qiiality aiid p¢rfomiance improvcment ffleihods. We ¢o-operatc ivith many local organisations in our ongoing endeavours to ividen public access to the schooling Ive can provide. lo optimise tlie ediicational use of our culturdl and sw)rting facilities ai)d to aii.aken in oiir pupils, in the piiblic interest, an aivareness of the soctal context of the all-round education thev re¢eive ai ihe College. The College also benefits from the generosity, of a thriving netti'ork of Old Tettenhallians iN'hose close support we greatl). appreciate aiid gladl), ackno¥¥'ledge. The College also has 2 strong relationship ii'iih a dedi¢al¢d l)arrn15 ai)d Teacl)ers Association iN'ho boih support and run ¢i'ents lor both pupils and parents as ikell as providingy ftsndii)gi lor areas of the College the), i¥'ish to support. Governanee In liiie i¥'ith gienerall). accepted b¢si praeiice for corporate ¥o%'ernance. reglilar revieiN'5 of the Board's raiige of skills and financial and other contro15 and procedEires are undertak-en as 'goN'erRaiice aiidits, to Coiifinn that Guk'ernors Ihaiiltain the necessary. personal coinpeteiice in eacli case aiid also that the Board protocols for Iiiaiiic g7jiig any emerging conflicts of personal interests retnain fiilly effective in practice.

Tetttnhall Colle2e (Incorporated) (A eompan) limite(I b). guarantee) Annual Report of the Governors for ihe yearended 31 August 2022 Employment Policy The Colleg¢ is att eqiial opwrtunities emplo)'er. Full and fair consideration is gÉven to job applications from disabled persons and due consideration is given io iheir Irdininu and emplos'menl needs. Consultation I￿lIh emplo)'ees, or iheir representalii'es, has continued at all levcls iNith the aim of taking the vieii's of emplo)wees into aCCOLint iYh¢n d¢cisions are tnade that are likel). to alfe¢i their interests. Employees are made ail'are of the finanLial and economiL perforniance ofthe College. Coinmiinication iyiih emplo)'ee5 continues through nornial management channels in a variety of fornis aiid also through exceptional ¢hannels to apprise staff of current issues. Investment polie), and objeetii'es The College's investments amounted to £126.036 at 31 August 2022. The inve51ment objectives are= revieiving the investments annuall), lo d¢temiine if they provide the be51 usc of resourccs for the current demands of the College- if possible, maintaining (at least) the i'alue of the investments in real lemis. producing a consisl¢nt and suslainablc amouttl to 5UPIXYrt expenditure. and delivering thcsc objcctives ivithin acceptable levels of risk. To meet these objectives. the College's investmenis are managed to maintain diversifieation acr055 a range of asset lass¢s in order lo prodiice ali appropriate balance betii'een risk and return. The investment strategy and poliLy is Inonitored b>. the Finance Committee. as is ini'estment perfonnance. AIMS, O￿E￿rIVF.s AND ACTIVITIF.S Charitable Objects The Coll¢by¢'s Objects, in accordance ivith its Metnorandum of Association. are the advancemei)t of education, iiicluding the provision of boarding an(Vor da}. schooling for childr￿] of both sexes. Tl)e College maintclil)S Linetidoii'¢d trust fiinds and restricted funds of modest proportions lield for special piirposes in Loni)eLtioii ii'itli ihe development of the College's facilities as ii'ell as for scholarships: biirsaries, prizes and otlier educational piirposes. Mi55ion and Vision and Values I"he coriierstoiie of our communitj. is our vision 10 be Ihe SLIILX)l of choic¢ for oulslai)ding p¢rsoiialiscd ¢duialion, inspiring evet). piipil to excel academi¢all)' and bei'ond. Our mission is io niillure our piipi55 io achici'i. Ihcir full poteiiti?c l and discoN'er their uiiiqiie talents in an educaiional setting ii,her¢ the). i%"ill thriN'¢ and be liapp),. Our exceptional stafYmotiN'ale pupils lo embrace challenge, gii.ing ihem the besi prepardlion for life and persoi)al Sliccess. Our corL valiies incliide.. AmbitlOD Tlie Collelie strives r(Ir e.x¢ellenc¢ in ci'er). aspcLI of ils iiork and has high aspir&iions for tl)e pupils. Resilience is encoiirag¢d b), cmbtaLing misi&ikes s Icarning opportiinities.

Tellenhall College {Ineorporated) (A compan). l&mited b>. guaranlee) Annual Report of the Goi'ernors for tbe)'earended 31 August 2022 Opportunity The College fosters self-belief and providcs academic challenge. personaliscd 5UPlXTrrt and a breadth of learning opportuiiities. Creativity The College has the freedom to adapt its education to find the most ¢￿￿tIVe iyay to meet the pupils, needs. The College recognises thai nLlrturing creaiivity is vttal in today's ii'orld. Community The College has a safe and secure faEnily environment throughout our SchiK>l. li l(K>ks to promote shared values and respe¢t for each other. The College eqiially iNant pupils to l(K)k outs￿1rd5, act rcspon5ibl)' and become valued global citizens. Character The College cultivates emotional intelligence, Ivell-being and self-re5pe¢t and encourages support for each other. The college leads by exampl¢ lo protttol¢ health), and balanced lilcst)"Ics. Intended impaet Within ils charitable Objects, the College's intention is to provide a r￿st-ClasS educatioi) through strong academic tuition and by developing broader skills that enable ei'er). piipil to realise his or her potential to the fiill. I'his iiivoIN'es eInphasis on the co-LurriLulum throug•h cerebral, sportii)g. artistic, team buildinbi aiid social skills. This objective biiilds self-confidence and life skills in our Plipils aiid inciilcates a desire to leani and a ii.illingness to LolliribLlte to the il'ider coinmunit). Ivhilst at Schwl and in later life. Aims In meeting the Objects, the Coun¢il of Governors, publi¢ benefii aim is lo provide a first-class indepeiident education, both chroii¥h sirong aLademiL luition. and ihroiigli deieloping iiider sportiiib, artistic and social skills in all our piipils from the a¥es of 2 10 18. This 15 inl¢nded to proi.ide an en￿1r0￿ment i%.hcre each pupil can de%'elop and fulfil his or her pol¢ntial. in ordcr to hclp build 5clf-confid¢nL¢ and inculcalc a lif¢longT dcsirc to Loi)Iribiilc lo Ihe ii'ider ¢omiiiiinity'. In the further1£ nce of tliese aims the College'5 Goi'ernors, as the chariti. Triistees. l)ave complied 1% ith tli¢ diity" in 5.4 of the Charities Act 201 I to hai'c diic regard io the Charil). Coiiiinis510ti's piiblislied gieneral and relevant SLIIFsector guidance conceminu the operation of the Public Benefit requirenient under the Aut.

Tettenhall College (IncorpoTated) (A company limited b). guaTAntee} Annual Report of the Governors for Ibe )'ear ended 31 August 2022 Obje¢liYes for the Year The atm of the Gov¢moT5, Fleadtnaster and Senior Leadership Team il'as to build on the solid foundations laid over the past feiv years and fociis on recruitment and reiention of both Ixthing and da). pupils so as to return lo pre- Covid piipil nlimbers as quickl). as possible. The Governors and Headmaster are delerniined to make Tettenhall College tl)e school of choice in the area by continuing to focus on its strengths. The refurbishmeiit of the Bo)'s' Boardiiig House lias provided a nioden) and comfortable living and sle¢pin¥i spaLe for all boarders and the aim is to recruit boarding pupils to achieve near full OCCLipancy. Within this ive aim io recruit younger boarders and encourdge a diverse rdnge of boarder's nationalities. Addilionml objectives ivere to.. Maintain the school's high Icv¢l of academic perforniance and S￿rts achievement. C.ontinLl¢ to provide PLiblic acces5 through ￿holarshIpS and means tested bursaries- Continue To deN'clop mutiiall! 5UPIX)rtive link-s i￿"1th other schools in our l(Kaliti' and en¢ourage further comiiiuiiilj, aicess io our faLilities both inside and outside of nornial school hours- Continue to build on thc Ics50ns learned regarding remote learning during the Covid-19 outbreak and improve Olir provision fiirther to ¢n5lEre iyc arc read). cqli1p￿d in case of future OLltbreaks' To continiie lo implement a proactive tnarketing campaign to rdise the School's profile Ix)tli locally and overseas, in order io see a signifilanl incre<1se in both da). pupils and boclrders. Look to neiv overseas mark.ets and short stay provision for knarding- Continii¢ to progr¢s5 thc placctnent of the TOl￿erS Building iiito a separdte charitable trust Progress ivas made on most of these diiring the year a5 detailed beloii." but as they are all long tenn Aims they coiilinue to be part of Ihe objectives for ihe future as set out ott page 15. S¢rategies to achiei'e the primarj. objectii'es Oiir strategy aims to achieve the highest academic perfomJan¢¢ by providitEg a stitnulaling leaniing envirotunei)t iii Ivhich all piipils can develop tlieir potential to Ihe full. During ihe j'ear ihe ihallcnges faced b). the Covid pandeillic resiilied in lessons aoain moi'iiig to remote learnÉng diiring ihe Spring term. Despite this, there il.as a coiitiniied di'ii'e to Iiiaintclin acaden)ic perfi)rmance ihrou&li thc online Icssons: nioniloring ofii ork and feedback to PLipiIs. CiiltlV', respect for each other and good citizenship. We had delemiined to ii.iden public access to our sN'stem of sehiM)ling as much as possible ii'iihin the coi)strainls of our fiinding as an iiidependent eduLation proi'ider. ￿'It￿lft this Strat¢g)' ii'c coiitinue lo host ai) activity-based siiiiiiiier sch(M)l aiid to ii'ork ii'iili loLal communiry cliarilies and other IoL'al schools to iiiake Inore effectii'e iise of the College's fa¢ililies oiitsidc school hoiirs. Oiir stralcg!. also cncourages piipils. iiivoli'eiiiei)t iii exli'a-ciin'ictjlar actil'ities i¥'ith a foL115 on ilie proN'ision ol public beiiefit at all lei.els of societs,.

Tettenhall College (Incorporaied) (A conipan). limited bv guarantee) Annual Report of the Governors for the )'ear ended 31 August 2022 Wherever possible, IN'e try to keep in touch ivith our alumni as they progress through life ai homc and overseas, both as Old Tettenhalli'ear ivere loii'er than iii prei'ious J'ears dlie to the Covid I'cslri¢tions, hoii¢i'¢r, it is anlicipat¢d thal post Covid th¢ boardingT numbers ii'ill incre£ise. Tlie iinprovemciit in the Boarding House facilities has provided (he Comfortable living and sleeping space for all boarders ivl)icl) is noiv more attra¢lii'e for potential siudents. We have started to make positive progress in neil, overseas markets througli ¢uliivalion of longT_Standin&y r¢laiion5hips ii'ith ihe Director of Admissions. This has proved to bc cfte¢livc especially in Central and l.atin America as iTrell as Nigeria. Principal Aclivily Tell¢nhall Coll¢gye is a successful co-eduLational, independent day and boardllig scliool for pupils aged 2 to 18 years Ihklt atiracls PLipils from ihe UK and from oi'erseas. For the period of this report, tl)e College cotnprised The p￿paratOry, School, catcring for childrcn bcNI"een ihe ages of 2 and I l )'ears and Senior Sch(M)I catcring for ages I I to 18 years. Public Benefjt Ti)e governors liave COEllplied i￿.1t11 their dill). to have due rcgard to Ilic giiidan¢e on public benefit published b). the Cl)arity Commission. Tettenhall Colleg?e reiiiains commilted (o the aim of proi'iding. publiL benefit iii accordaiice vitli its folinding principles. Chilrity lail" has introdLiced a requireTnent to demonstrate that piiblic benefit for charitable purposes i¥"here it has liitlierto been presumed in the absence of evidencc to thc conlrary,. I'his calls in tuin for more detailed dis¢losures concernino our aims. Tl)e aii'ardinb of bursaries for tli¢ need￿. is a measurnble means ol prol'idiiig public beiicfit. Tli¢ CounLil of Governors, takes th¢ vie1￿. thai bursaries aii'arded lo those i%'ho ii.ould not otheni'ise be able to afford ilie fees are iinportaiil, biit not io Ihc cxclusion of Ili¢ muLh ii'ider benefit that the College prol'ides ii'itliin tlie coiiiiniiiiity. Thosc PLipils iiho aiiend our School and iiho receii'e financial svpwrt contribute to tlie School comtnunil), iii a 'ariety of i¥a)'s: and so the kiiclit is ttot pur¢l)' lo these pupils but lo the i%'hole College aiid. iii soine cases, to the IN'ider Lotnmunity.. Tliis J'ear. tlle V<ilue of n)eaiis tested bursaries li.as £584.468 I1"liicl? equates to V/0 of school fees (2021.. £357,396 6 % ). The Goven)ors' wlic!", in line ii'ith that of other IndLpendeni S¢hcx)Is, is io make these ai%'ards oli the tkisis of tlie indii'idual's educatioiial potential, contriblltion to the iiidcr school community and Il)eir financial circiinisiances, siibject to the particiilar conditions imposed bi. Ihe original donor ii.here ihe al￿ard is oiit of restriil¢d funds. 104 pupils ait¢nded lh¢ College on means tested bursaries. In lo111186 piipils ii'ere in reeeipl of scholarships of £410.04? ii"liicli eqiiates to 60/0 of school fees {?021.. 75 piipils, £34 j.935, 60/01. lji addition. finaiicial assistanc¢ li.as aiiarded to l Lhild of personiiel iii the Anned Forces. fliiiher 4 overseas students receii'ed financial 5llPPOrt from Ihe Colle&Je l'ia Il)e Dresdeil scholars Sclieme 1( l)d 4 from the HMC <2nd Polish schemes.

TettenhAII College {Incorporated) (A eompan). limited b). guarnntee) Annual Report ofihe GoN'ernors for the )'ear ended 31 August 2022 Tcllcnhall College is committed to plas'ing a full part in suptK)rting local comtnunity groups and lo develop miiluall). beneficial partnerships iN'herever possible. Such initiatives have incliided= The College opens ils sports and other facilities lo man) local individuals, organisations, religious Ix)di¢s and charities includingi the sports facililie8 sil'immino pool, theatre aiid classrooms- Working ivitli IoLal slate SLhoo15 lo dei'elop muluall). beiiefici<21 liith's in tlie areas of sport. music and drama. Thc College has tnade the sii'imming pool and for¢5l Khool availabl¢ to oth¢r schools on a not-for-profil basis; this has included collecting and retuming children in the Coll¢ge's minibuses. Ini'iling local schoo15 to use the librnr). facilities- Members of staff and pupils contribllte their time voluntarily to a number of charitable causes su¢li as Macmillan Cancer Support. Children in Need, Give as )'ou live. Acorns Hospice, Carers Anonymous. Elle's Angels, ComiL Relief, Compion carc. Ukrainian charities and SuInmer camps and ei'¢n15 Ihal arc opcn lo (he local communitj. Beneficiaries Our immediate beneficiaries are young people iihose attendance al our f￿-pa}-]ng School can be funded by parents or gLiardic111S or else from scholarships, bursaries or oiher forms of cliaritable grdnl support, or a coinbination of these. The local commiinit). also benefits fFom appropriat¢ acccss to our facilities. The geiierdl Pliblic al'e the ultimate benefiLiaries of oiir hi&?h-qiialil)' ediicalioiial s)'steiii and the greater aii'arei)ess of social ￿al[leS that it generates in our aliimni. We maintain close liaison belii'een parent5, gimrdians and teache￿ as iN'ell as ivith Old Tettenhallians in 18ter life. nd also ivith local charitics that could beiiefit from our facilities. By this means ive are able to enslire ihat the schoolin&> ive provide is AliTr'a)'s 'fit for purrM)se' in the context of pres¢nt-da)' s(Kiel}'. We also bcnchmark public opinion on the standing of our school in relation to the ivider cducation systein, with a vieiv to fine-tiining the Pliblic benefit li'¢ can provide in keeping iviih ihe perceived needs of society at large. Volunteers The Governors are immensel}. uateful for the manifold i'olunlmr). activilies undertaken b!. the Parents. Association in order to help ii'ith the Sihool fundraising and cultiiral aclii'ities dliring the }'ear. The Goi"ernors ipoiild lik.e to take this opportiinity to sa). hoii" much Ihc). app￿¢141¢ Pa￿nts, Association conlinuiiig aiid valiiable support for Olir 10

TettenhAII College {Incorporated) (A eompan). limited by guarantee) Annual Report of the Governors for the )ear e￿￿ed 31 August 2022 STRATEGIC REPORT MARKETING STRATEGY The School has ivorked hard over the last three years to develop its marketin¥ strategy to promote ihe Sch¢)ol's purpose to educat¢ and d¢vclop confidcnt )'ouiig people %￿h0 are equipped to Icad, inspirc and makc a w)5itivc contribution during) their time at Teiienhall Colle¥e and their lives bej'ond. Olir positioningy statement is that T¢tt¢nhall College is an inclusii'e school li ith traditional values and a gilobal dimension, sitiiated on an oiitstanding historic green field siie i￿.]ih excellent facilities- ii'here tlie education of the .hole child conies first. A range ofda),, full and fleiibl¢ boarding options, and (he most coniJei)ient transport services. to fil ivith famil)., life and iyork. supports this. We are now seeking to achieve a much higher profile as a first-class whool delivering educational excellence and iinprove market penetrdtion in our ke). mark-ets across a iyider geographic area iiitl) a strong i'ision for the fiiture and clear ￿e5￿ging. After recent successes in ivhich numbers have risen our aim is to create a clear marketino strategy to increase iiiarket share in tlie next three )'ears, building numbers, particularl), in boarding, to support a business model to ensiiiy a secure flilure for tlie College. Tlie aim of this ivork is to.. Increase pupil nutnbers over the next three )'edrs and achieve an appropriate balaiice of da). and ix)arding piipils. Iii¢rease boarding numbers b), recruiting pupils from a dii'erse range of ¢ounlries. Cre<lte fr<imeivork for marketing and admissions at Tettenhall College ihat is fit for piirpose to nieet CLirr¢nl Irends in ihe markelpla¢e. and ivhi¢h Can Ix dei'elo￿d and adapted to mcei Changes in demand in rllture. To provide a plan lo roll oiit a neiN" vision for the College. rdiSing its profile in its catchment and biiilding on its key strengths We are seeking) to address the folloivin&' factors thal are critical to suc¢¢ss: A significant improvement in relention, especiall). in the Prepardtory School loiier )'ears and Year I l- Addressinu the day and oi'erseas boarding imbalance in the sixth forni and sixth fonn size- Iniproving recrllitmenl in the 45-minute ¢alchment area. Miich cleic rer Tnessic ging abolit the SLhool-s w)sition in ihe marketplace- Addressin￿ the perceptions inside and outside the Sch(KJl at*biit acadeiiiic drive and rigoiir- Increase the profile of the School ii.iihin neil overseas markets- Improve oiir digital presence l)oth il'iihin the UK and overseas.

Tellenh4111 College (Incorporated) (A eompan). limited b). guarantee) Annual Report of the Governors for the vear ended 31 August 2022 ACHIEVEMELYfs AND PERFORMANCE Academic Success As well as a groiving piipil roll. knth da), and EKiarding pupils. academic results were similarl), itnpressive. Ai GCSE l¢v¢l. 910/0 of PLipils ii'ere aivarded GCSES at grades 94 including English and mathcmatics al L¢vel 4 and above. A Level students continued to keep up I￿.1th the high siandards sei b). previous years. Ivith 630/& of pupils achieving A and B grc?des, sk'ith 95 % of pLipils achieving A to E grades. The College is proud of the diverse aiid iinpressive I'ai?gc ot higlicr edLication inslitiitioiis and coiirses that our pupils hai'e bceii able to Prog￿55 includii)&, Iniperial College London and Durham Universit),. Boarders, Outings A busy and varied range ol boarder's outings look place throughout the year. The recent trip to Oxford saw boarders immersed in history and culiure as the). explotcd this bcauliful city,. This year also saiv a l)ost of otlier cxp¢ricnccs inclLiding go-kartin& paintballing. and day trips to places of interest far and i￿.]d¢. ChAritv Fundraising A niimber of chariiable events took place during the year and received the T]om]al wholehearted support of the -rellenhall Collcgc Communit).. A rcqucst for urgcnl supplics for ￿fUse£s from the war in Ukraine received ai) eniliu5iasiiL rcsponse and over £420 lias rdised for ihc Ro)'al Biilish Legion popps. da),. The annual Christinas "Santa RLin' also took place ii'ith aim of rdistng funds for go(MJ causes. Perforjning Art5 The Christinas Concert 2022 featured man}, of talented piipils performing solo, duet and ensLmblc pieces bcautifLIII!' and ￿￿'Ith musical 5ensilii'ity'. Larger cn5cmbl¢s includcd thc Guitar Group, thc Colleg¢ Or¢h¢stra and both the Prepardtory. and Senior Choirs singing ii'hat ii.ere increasingl!. ambitioiis pieces. In December the College Communir}' iiere back. in the beautiful seiiing of St Michael and All Angels Church for the llnniial Carol SeTr'ice in ihc last ii"¢ek of teTm. The Prepkrnlon. SchoDI participated in excellent voice as they pr¢senled a varict). of Christmas caro15 and f¢5liN"c song's traditional and cont¢mporat)". They ivere assisted by tl)e joint PreparaioT)' and Senior School Choirs i1.ho i&arrnlJ delivered Jnaiure. coinmilted perfornianLCS of Christh)as chorc11 pieces. The annual Christmas Plai. ii'as-Animal Fam)" and this plai'ed to enthusiastic audiences OiTer 3 nights. As alivays, the perfomianles b). all ihe cast i¥ere exLepiional and shoii'ed Ihe depth of ialent al Ihe College. Sports Sportiiib proi'isioii conlinitcs lo be drii.cn b). thc aim to dei'elop indiw idual fitne5S tl)ri)ULI) pdrticipatioi) for all iii Ihe School and LontiniiLS Ic) build and dei'elop piipils b). a strongb fiilure lisi enablingy Inan). to represei)t the School in individual and teaiii swrts. Increasing use of spccialist coachcs hai'c plaicd a Iiugc part in thc departineiil's Sliccess. Squash al Teltcnhall College has groii"n in streng?Ih and scale once again this year. Senior S¢hool lun¢h linie squash has seen some tresh faces and groii'ino talent. Sqiiash Academ). members are il'orking ihroiigh iheir tki-elopmenl Aiiards Junior Skills Programine. Witli each level building on exislin¥ skills ond otf¢rin¥ mor¢ challenging iasks, pupils are dei'eloping Ilieir liaiid to ej'e 12

TottL'nhdll College {Incorporated) (A ¢ompan)' limited b). guarantee) Annual Report ofthe Governors for the )'ear ended 31 August 2022 coordination, racket skills and ball control. Considering tacti¢s, strategy and challcnging thcir undcrstanding of the game has helped thetn groii" as players. Health & Wellbeing The Surgyery. ieam i%'ere exceptionall). bus}, throughout the s'ear, managing IK)ib ph)'sical h￿1th matters and providing support around mental healih and ii"ellbcing. The Siirgery team are a hu¥be support io the School and haie I￿en working tirelessly on Covid-related 11)atters and to ¢nsiire Ihe health and ii"ellb¢ing of ihc school COTllTnunity FINANCIAL REVIEW Results for the Year The College's total incoming rcsoiirces for the )'ear amoiinted to £6,876.357 {2021= £4,751:919). The nel siirplus ror the }'ear ivas £467.778 (dcficii 2021.. £1,049,917) as shoiin in the Siatement of Financial Activities. These r¢sulis continu¢ lo shoiv th¢ impact of Covid 19 in relation to ovetseas boarding) numbers. Altlioiigh tliis Inarket has signifi¢antl}' improi'ed during the )'ear there il'as di￿1¢￿1￿, in recruiting for Septeinber. The results have been improved by the income from tlie Business it]temiptioii Insurance claim relating to Il)e prior year Covid105SCS. Re5erYes PolicTr' ic Govcrnors haN'c considered the rcscn'es held b). thc Coll¢gc 8131 Augus120?2. The College needs reserves botl) to enable it to progress its long lerni aims aiid to fuiid its curtent acti￿ ili¢s. The Goijeriiors haille exaii)iiied tl)e eeds, risks and challenges faced b). the College in both the short and mediiiiii temi. along ii'iih relei'ant fi1)ai)cial torecasts aiid have forniulated a policy to meet these needs. The long-term aim is to cnsurc that the amount of the unrestricted funds eqiiates to ihe suni of.. Planncd or anlicipalcd futurc commitments to ¢apithl projects Financial coinmitments made but not }-el entered into Planned investment in edlicalional initiatives Creditors due in less than one )'ear Salar), ond related cosis for one month to coi'er cashfloiv and contingeiic), requirements The College's total reserves of £4.145,390 al ihe }'ear-end included £147,676 endoiirynent capital, £25,700 restricted fiiiids aiid £3,972:014 unreslrieted income. Tliere are iio C￿￿ellI free reserves (unrestricted fiinds less the nel book vallie of fixed Iisset5 financed b). those fiinds). The Goi'ernoTS r¢i'icii" the reser¥'es position ai)IiiiallJ' ai)d coiisider that Ilie liitlire plans Olltluied 011 page 15 I1"ill lead to ali IllLrcasc in r¢s¢Trcs ill tl3¢ fiilut¢. Against Ihis ba¢kgroiind, regiilar meetings is'ere held bet¥i'een the Chairnian of Goveniors, Chair of Fiiiance, Headm<lSter. Biir5ar and FiTJance Officer to agree aciions to lake and revieii. progress. The F￿￿$ has been on cash availabilits, and hoii" to preseThe this ii-ith additional supw)rt from the bank to cover an). shortfall. 13

Teltenhall College (Incorporated) (A company limited b). guarantee) ADMual Report of tbe GoN'ernors for the )'ear ended 31 Amgust 2022 Going Concern The Governors have a reasonable expectation that the College has adequate resourL'es to continue its a¢tivilies for the fores¢¢ablc fiiture and accordingl}. the}, also continue to adopt tlie going tonLern basis in preparing the financial siaien)¢nls as oiitliiied itt the Statemeiit of Aecouniing and Reportin(p Responsibilities on pa&ie 16. Investment Policy and Objectives Poii'ers of ini'estment ar¢ regulaled bs. the Memorandum of Association and admini51ered by the Governors. The investmenl objective is to M￿lmI$¢ overnll r¢turn, Ivhilst achReving an appropriate Icvcl of income. Freehold Land and Buildings In the opinion of the Governors, the market value of ihe College's freehold land and buildings is in excess of the amoiint at ivhich it is stated in the balance sheet. HoiTr¢vcr. thc amouni of th¢ ¢xc¢s5 over n¢t book vMlii¢ has not bccn quanlified. Ch#rit)' governance code -I'h¢ "l-ruslces are aivare of tlie neil. charity. goi'emanee code issued in July 2020. In order to ensure thal the chai'ity is ivorking in line iviih the code, in all ii"a)'s ii'here il is prdcticable to do so the Goi'ernors hcive begLlI) the process of rei'ieiving and dis¢u5sin¥ ihis at Council mcetings. Thi5 II"ill be ongoing. Th¢ ¢harity' had no fundraising activities requiring disclosure under S162A of the Charities Act 2011. De(&il¢d ¢onsideraiions of risk are delegated io the Headmaster, who is assisied by the Senior L£adership Teain. Risks are identified, assessed and controls cstablished throughout the )'ear. Key controls used by the College include= Fomial agendas for all Committee and Council activity- Detailed lemis of reference for all Committees- ComprehetEsive strategic plannin& budgeling and M￿lagement accounting- Established organisational structure and lines of rep)rting- Formal ii'ritten policies; Cle<ir aiithorisation and approval levels, and Vetting procedures as required b). laiy for the protection of the N'ulnerdble. The Governors hai'e identified and di5CUS5¢d thc principal risks faced b). thc Collcgc iiicluding- The recent economic uncertainty and doii'nlum; Political factors that ma). Ihmlen bu5in¢5s rates rcli¢f and VAT on school fccs: Pupil demographics- Accidemic reslilts, standards and repiitation- 14

TelteNhall College (Incorporated) (A cojnpan). lin3ited b). guarantee) Annual Report of the Goi'ernors for the )'ear ended 31 August 2022 Fee levels- Increased coniribulions to the Teachers. Pension Scheme: Credit availability. liquidit), and cash floiv forecasts.. and Fulure developm¢nt plans. Throiigh risk mRnagement processes established for the College, the Governors are satisfied thai ihe major risks identÈfied have b¢en adcqLiatcl)' Tnitigated ivhere neCes￿ry. It is recogiiised that systcins can onl), provide reasonable but nol absolute assurancc that major risks have been adequatelN' managed. The Govenior5 regularly revi¢iN' the effeciiN'cness of current plans and ￿rategieS for managing all idenlified niajor risk.s. FUTURE PLANS The aim of the Govemor% Headma5tcr and Scnior Lcader5hip Team 15 to build on the solid loundalions laid over the past feiv years and focus on recniilJnent and retention of IK>th boarding and day pupils so as to increase piipil iiumbers from pie-Co&'id lev¢15 as quickly a5 wssiblc. The Governors and Headmaster are determined to make Tettenliall College tlie school of choice in ilie area by continiling lo focus Oll Its str¢ngths. The ￿rUrbi5h￿enI of the Boys. and Girls, Boardiiig Houses have pi'ovided a modern and COTnfortable lis'inu and sleepinu space for all boarders and the aim is to recrlllt b01( rding Plipils to In¢￿a$¢ ihc boarding popiilation at tlie School. Within this we aim to recruit younger boarders and encoiirage a diverse rangye of boarder'5 nationalities. In addition. we ivill= Maintain the school's high level of acadeTnic performance and swrts achievement- Conliniie lo provide public access through scholarships and tneans tested bursaries- Continiie to deN'elop mutuall). supportii'e linKs ii'ith other sch(x)Is in our I(￿all￿, aiid encourage further cominLinity' access to our facilities both inside and outside of i)onnal school hours- ContinLie to biiild on the lessons learned regarding remote learning during tlie CO￿.1d-19 outbreak and improve oiir provision fElrtlier to ensiire ii"e are read). eqiiipped in case of fuftire oiitbreaks- To continlie to implement a proactii'e marketino campaion lo rdise tlie Sch(K)I's profile both locall}, aiid overseas, in order to see (1 sigjiiiliLant increase iii both daj. pupils and knarders. Increase the number orbed spaces in Ix)arding accommodalioii to be able lo nieel demand. Improve the facilities at the College, including ihe Sil imming Pool and neii.11' fa¢ililies' Look lo neii overseas tnmrkets and an increase in the IK)arding wpiilation at the College. and ContinLie lo progres5 the reslordtion of the Toii"ers Building and reiiovation of intenial spaces to Ineet incre?£ sinb pupil detnand. 15

Tellenhall College (Incorporated) (A cojnpan). limited b). guarantee) Annual Report of the Governors for the )'ear ended 31 August 2022 STATEMENT OF ACCOUNTING AND RF.PORTING RESPONSIBILITIES The members of the Goi'eming B(Kiy (l￿"hO are also the directors of Tettetthall CollegTe for the purposes of company laii,) are respotksible for preparing the Annual Rew)rt and th¢ financial statements ii'ith applic?( ble laii" and Uiiited Kingdom Generally Accepted Accounling Prdctice (United Kingdom Accounting Standards). Compan). laiv requires the Governing Body to prepare fin￿¢1￿1 statements for each financial year. Utkder that law the Goven)ing Body have elecied to prepare the financial statements in accordance iviih United Kingdom Generally Accepted Accoiinting Practice (United Kingdom Accounting Standards) and applicable law. Company law reqiiires Ihe members of the Governing Bod). to prepare fTnancial slatemenls for ea¢h finan¢ial }'ear. Undcr cotnpany laiv tlie Governing Body members must not approve the finaiicial stateiiieiits Linles5 they are satisfied that Ilie}' gii'e a true and fair viei%' of Ihe stale of atTair5 of the charitable comp8n}' and the groiip aiid of the incoming resolirces and application of resources. includÉnL' the in¢ome and expenditiire, of the cliaritable groiip tor that period. In preparing these financial statements. the Governing B(Kl)' member5 are required to= select the most appropriate accounting tK)licies and then appl), them consi5tently' observe the methods and principles in the Charities SORP. make judgm¢nts and accounting cstimatcs that arc reasonablc and prud¢nt' state ivhether applicable Accolinting Siandards have been folloi%"ed, subject lo aiiy Inaterial departu￿5 disLlosed and explc1ined in the financial statements; and prepare the financial statements on the going concern basis unless il is inappropriate to presutne tliai the charitable compan). ii".ill coi)tiniie in biisiness. ie m¢mbers of the Governing Bod%, are ￿sponSIble for keeping adequate accounling records that are Si)￿]¢1et1I to shoii. and explain tlie charitable compan) s trdnsaclions, disclose ii.ith reasonable acciirac). at ali), tiine tl)e finaiicial position of ih¢ charitable company and ellable iheTn to ensure that the financial statemcnts comply ivith the Companies ALt 2006 and lh¢ proyisions of the chaiil! 5 ¢onstitUlion. The). are also reswii%ible for 5afegJuardii)LF the assets of the charitS' Ilnd the group and hence for tak.ing reasonable steps for the prevenlion and detection of fraud and other irregularities. Relevant Audit Inforniation Insofar as eilch of ihe Directors, as Enembers of the Goi'erning Bodj., at the date of approi'"al of this report is aii.arc tli¢r¢ is 110 rclcvaiit aiidit iiifoniiation (information nccded b)" th¢ Conipan) 5 auditor iii coi)i)¢Ltion iN"itli pirpJring the aiidil report) of li hich the Colnpan)" s audiior is unfti%"are_ Each member of ihe CJl)I'erning Bod}, has t1( ken all tlie steps th<lt he or she should hai'e takei) as a meii)ter of tlie Governiiig B{Ki￿. in order to niaLe liiniself or lierself aii'are of the relevant aiidit infomialion and io establish that the Cotnpan}-'5 auditor is aii-are of that infornialion. 16

Teltenhall College (Incorporated) (A compan J limited b). guarantee) A￿￿￿￿1 Report of the Goverllors for the )'ear ended 31 August 2022 Auditors Croive U.K. LLP has indicated its il'illingness to be reapw)inied as stotulory, auditor. Approved by the Goi'erning Body of Tellenhall College on 26 -2023, includin& in their capacity as compiiny diff¢lors, apprO￿.1￿g the D1￿CtOrS. and Strategic R¢ports contained therein, and signed on it5 b¢half by.. 00 Chaimian 17

Tellenhall College {Incorporated) (A compan￿. limited b). guarantee) Independent Auditor's Report ¢0 the Members of Tettenball College (Ineoryoraied) Opinion We have aiidited the fTnancial staiements of Tettenhall College Uncorporated) (the'charitable company") and its subsidiar). {the "group") for the )'ear ended 31 Augu512022 II"hich comprise the consolidic ted statement of financial actil'ities, consolidated balaiice sheet, consolidated cash flo1¥ staiement and notes to the financial statetnents. including significant accounting policies. The financial reportÈng frameii'ork that has been applied in their preparation is applicable laii. ai?d United Kingdom Accountin& Siandards, iiicliidiiig Financial Rcporting Standard 102 The Financial Reporting Standard appli¢able in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statemenls.. give a true and fair vieiv of the state of the group's and the charitable compan} s atTairs as at 31 AugFUSt 2022 and of ihe ￿0up.5 incomin(J resources and application of Tesoiirces, including lis income and expenditure for the year then ended- have been properly prepared in accordance i1¥ith Untted Kingdom Generally Accepted Accounting Practiee; have been prepar¢d in accordance I￿.11h ihe r¢quirements of the Companies Act 2006. Basis for opinio We conducted our audit in accordance ivith Jnlernalional Standords on Auditing (UK) {ISAs (UK)) and applicable laiN'. Oiir responsibilities under those standards a￿ further described in the Auditor s resix)nsibilities for the aiidit of the fii)anLial 5tstcments section of our rcport. We ar¢ indcpendenl of Ihe &Jroup in aL¢ordance iNiih tlie etl)ical requircmcnis that are relevant to our audit of ihe finanLTal siaiements in the UK, including tlie FRC'S Etliical Standard, and ii'c hai'c fLillillcd our oihcr cihical r¢spon5ibililics in a¢coidance i%'ith these requirements. We believe (hat the audit evidetÈce ive have obtained 15 sufficient and Appropriate to proiide a basis for our opinion. Concliisions relating to going concern In aiiditing the finan¢ial slalement% iT¥e liave concluded that the trustee's use of tl)e going concern basis of accounting in the pr¢paration of the fEnan¢ial statements is appropriate. Bascd on the iyork- li'e have perfornied, have not idcntified a￿Y material uncertainties relating to eN'ents or conditions that. individually or collectivel),. Ina). cast sigjnificanl doubt on the ¢haiitable coinpan) s abilil) to contiiiiie as a going concern for a period of at least tti"eli'e months from ii.hen the financial sialemenls are aiiihorised for issue. OLir responsibililics and ihc rcswn5ibililic5 of th¢ tru5te¢s ii'ith r¢spect to going conceni are described iii the relevant Sections of this rew)rt. Otber information The trustees are responsible lor tlie other inlorn]ation containcd iviihin thc annual report. The other ii)fomiatioi) comprises the infomi<ltion incllided in the annual report, other than the finanLial slatemenls ai)d oiir aiiditor's report tliereon. OLir opiiiioi) on the financial stateinents does iiot coi'cr the othcr informatioii and, eA¢epl to tl)e extent otliern¥'ise expliciil). slated in our report. i¥e do noi express an￿. fonn of assurance coiiclusioi) thereoii. Oiir responsibilit!. is to re<id tl)e other inforiiiation and: in doiiigy 50. consider i%heiher ilie oilier iiiforination is matericl11)- inconsistei)t ii.ith tlie financial stateinents or our knoii"ledge obtained the aiidit or oihcrni'ise appears to be iiiateriall). misstated. If identif}. such Inaterial inconsislciicies or apparent material niisslat¢m¢iils. li'e are 18

Tettenhall College (Incorporated) (A ¢ompauv limised b). guarantee} Independent Auditor's Report lo the Members ofTettenhall Colkge (Incorporated) rcqLiircd to detemine iihether this gii'¢s risc to a material misstaiemeiil in the fiiiaiicial slaleii)eiils tlieniselves. If, based on the ivork ive hai'e perfonne& ike conclude thal there is a material misstatement of tliis other information, e are required to report that fact. We have nothing lo report in this regard. Opinions on other matters prescribed b!. the Cotnpanie5 Act 2006 In our opinion based on th¢ %%'ork iindertaken in the coiirse of our audit the iiifomiation gJiven in tlie tnJst¢es' reporl, I￿h]Ch includes Ilie dirL'clor5' report and the slralegyic report prcpared for the piirposes of company lail., for th¢ financial )¢ar for ii.hieh the financial slatemenls are pr¢pared is consistent iyith the financial statements- and the strategic r¢port and the directors. re￿rt included ii'ithin the tmstees, report have been prepared in a¢cordance iyiih applicable legal requirements. Matters on ivhich Ive are required to report b). exception In light of the knoi%'ledge and underslanding of the charitable company and their environinenl obtained in the coiirse of the aiidit, li'e hcive not identified materiol misslaleTnents in the strategic report or the director8 report includcd ii'ithin the trustees, report. We hai'e nothing lo r¢port in rcsp¢ct of the folloiv&ng matters in relation to ivliich tlie Companies Act 2006 requires s to report to you if, in our opinion: the Pclrent company has not kcpt adcqiiate accounting records- or the parent company financial statements are not in a8reemenl ii'ith the a¢¢ounting reeords and relums. or certain disclosures of Irusl¢es' remuneralion specified b), laii" are Tiol Tnade; or Ye have not received all the inloTmalion and explanations ii"e require for our audit. Responsibilities of trustees As explained tnore fLIII)' in the trustees, responsibilities statement set oiit on page 16, the tnistees (Ivho are also the direLtors of the charitable compan). for tlie purw)ses of compai)). laii) are res]K)nsible for ilie preparntion of Il)e fiiiai)cial slateiiients and for beino satisfied that the}. give a trne and fair i'ieii". and for sucl) iniemal control as the Inislees deterniine is neces&ir)' to enable the prepardtion of finaticial stai¢menis diat are fr¢¢ froin tnai¢rial Inisslateiiient, i¥,hetlier diie lo fraud or error. In preparingJ the financial stclteiiients, the trustees are reswnsible for assessinL) the charitable con)pany's ability to ¢onliniie as a ¥oin¥ concern, disclosino as applicic ble, matters related to going ¢on¢em and iising the goiiig concern b<iSi% of accoiiTrliiig iinlcss tlle trustees eitlier intend to liquidate ihe chariiable companj. or to cease operalioi)s, or ili'e no reic Iistlc cilteniaÈii'e bill to dc) so. Au(litor's responsibilities for the audit of the finaneial statements Oiir objcctlN"CS ¢ire to obt1£ in rel£ son4lble assLif<l1)ce al)out iihctl)er tlie financial slatements as a ii'hole are free froin M￿llerIal mis51atetnent. li lietlier due to fraud or e￿Or. aiid io issue an allditor's r¢w)rt tl)at 11)Lludes our opii)icii). Sollclble assiirance is a high lei'el of assiiran¢e, bul is not a giiaraniee Ihal an audit conducted in accordance ii'iih ISAS (UK) i%'ill aliia)'s d¢l¢¢l a tnal¢rial misstatctncnt i%"hen it cxists. 19

Tettenhall College (Incorporated} (A Compan). li￿lIe<l b). guarAlltee) Independent Auditor's Report to the Members of Tetlenball College (Incorporated) Misstatements can arise from fraud or error and are coTJsidcr¢d tnaterial if, indii'iduall). or in the aggregate, tl)e)' Lould reasonably be expected to influen¢e the e¢onomi¢ deLisions of users tsk'en on the basis of these finaiicial statements. Details of thc cxtent to iTrhich the aiidit is'as considered capabl¢ of d¢lecting irregularities, including fraud and non- compliance %vith laivs and reglililtions are set out beloiv. A further des¢riplion of our responsibilitics for the audit of the fmancial statcmcnt5 is located on th¢ Finan¢ial ReportingTr CounLiI'g i¥ebsite At: iiii"ii".fr¢.or¥.uklauditorsresponsibilili¢5. This des¢ripiion forn)s part of our auditor's report. Extent to iTr'hirh the audit was considered capable oCdetecliDg irregularitie5, including fraud Irreglilarities, includinu fraud, are instances of non-compliance ii'iih lais's and regulations. We identified and assessed tlie risks of material misstatement of the financial statements from irregularities, ii'hetlier dlie to fraiid or error. and disciissed these betiveen our audil team members. We then designed and perfornied aiidit procedures responsive to those risks. including obtaining audit ei'iden¢e sufficient and appropriale to provide a basis for oiir opinion. We obtained Rn understanding of the legal and regiilator). frameiiorks ii"ithin ivhich ihe chc?ritable compan}, and gioiip operates, foclising on tliose laiis and regulatioiis tliat have a direcl effect oil Ilie detennination of malei'ial amoEints and disclosures in the financial stalemeiits. Jlie laii's and regulations li'e coiisidered in this coiitexl iN'ere the C.otnpanies Act 2006, the Charities Act 2011 together ii'ith the Charities SORP (FRS 102). We assessed the required con)pliance ii'ith these laiys and regulalions as part of our audit procedures oil the related fiiiancial slalement iiems. Iii addition, li'e considered provisions of oil)er laii's and reg)ulations that do not have a direct effect on tlie fii)ai)cial statements bLIt compliance ii'ith ii'hicl) might be fundamental to tl)e charitable compani s ai)d the groiip's ability to operilte or to avoid a material p¢nalt)'. W¢ a150 consider¢d the opportvnilies and inL¢ntives that ma), ¢xist ii'itl)in the cliaritable coinpan). and the gimiip for fraud. The laii's and regulaiions li'e considered in Il)is coiitext for tlie UK operations iver¢ The Iducation (Indcpcndcnl School Standards) Rcgulalion5 2014, Gcn¢tal Data Protei¢ion RcgFulalion (GDPR). Health and S?1 let). and Eiiiplo)'ment legislcition. Aiiditing standards limit the required audit pnKedures to identify. non-compliance ii'iih the%e laii's and regiilalions to enqliir)" of the Trustees and otlier Inanagemeiit aiid iiispection of reuulator). and legal correspoi)dence. if aiiy. We identified the greatest risk of matcrial iwnpact on thc financial statcmcnts from irre¥ularitics. incliiding fr¢iiid, lo bc lh¢ O￿.errid¢ ofcoiilrols b). manageiiienl. Oiir aiidil procediires to reswbnd to tliese risks iiicliided ei)qiiirics of management and ihe Alidit Committee about their identification and assessnienl of the risk.s of irregiilarities, 5aniplc lcsting on the posting of jOLirnals: rei'ieii"ing accoiinting estimatcs for biascs. dcsigiiiiig aiidit proccdLifcs oN'er income, revieii'iiig re(yulatot)' corresix)ndence ii'itli the Charil). Coillinissioii and recldii)g mii)Lltes of nieetings of tl)ose charged ii'ith govemance. Oiiiiio to tl)e inherent limitations of an audit. there is an unavoidable risk that M'e mav not have deteeted sonie Inaterial misstatements in the finilncial statements: ei'en though il'e hak'e properl). planned and perfornied oiir aiidit in aLcordai)Le i¥'itl) aiiditiiigb standards. For e.iample, il)e furtlier remoi.ed iion-coinpliaiiLe ii'itli laivs ai)d regtriilatioiis (irregiilaritics) is from the ci.enis and innsactions rcflccted ihe financial slatemcnis. Ihe less likel). Il)L inlicreiiily limited procedur¢s rcquir¢d b!. aLidititEg standards ii.ould idcntify" it. In addition, as il'ith an)" audit. Ihcre r¢inain¢d a higher risk of non-detection of irregLilaritie8 as these ma). ini.01￿e colllision, forgery., intentional oniissions, misrepresei)tations, or the oi'erride of internal controls. We are not responsible for prei'enting iioii-coiiipliance and L<l1)not be expeLted to detect non-coinpliance ii'itl) all laii's and regulatioiis. 20

Tettenhall College (Incorporated) (A con)pan)' limited b.Tr' guarantee) Independent Auililor's Report to the Members of Tettenhall College (Incoryorated) Use of our report This report IS tnade solely to the charilable compans S Tnembers, as a body, in accordance ii'ith Chapter 3 of P<lrt 16 of the Companies Act 2006. Our audit iiork has been uttd¢rtak¢n 50 that ive mighi state to the charitable coii)pany's members those matters li"¢ arc rcquired to Stale to them in an alldilor s report and for no other piii'pose. To thc Iiillest extent pem)iiied b), i%e do not accept or assume responsibility. to an}'one other than tlie cl)aritable compan}, aiid the charitablc ¢ompan)"'s m¢mbcrs as a bod)., for our audit iiorK-. for Iliis rcport, or for the opinions 'e have fonned. Kerry BrO1￿Tr (Sellior Statutory. Aiiditor) or and on klialf of Croive U.K. LLP Statiitory. Auditor BlaLk Countr). House Roiinds Green Road OldbLItI' Wesi Midlands B69 2DG Dal¢: 10 May .2023 21

Tettenhall College (Ineorporated) (A company limited b> guaranlee) Consolidated statement orrinanei21 artii'i¢ies for the >'ear ended 31 August 2022 Ullrestricted Re51ri¢ted Funds EMdowed 2022 2021 Total No￿S Funds Funds Total Ineome endowments from: Charitable activities School fees receivable Aneillary trading incom¢ Other irading acti￿lI￿e$ Non-ancillary trading income Voluntary sources GTants and donations Other iDeorne Coronavin]5 Job Reteniion Schem¢ Proceeds from business interruption claim 5J71,784 173,736 SJ71,784 173,736 4,424,552 141,633 143,121 143,121 15,510 125.030 4,139 129,169 130,089 40,135 25 l.Oi8,547 I,OS8,547 Total iD¢oming resources Expendtture on.. Ch8rit&ble xetivities 6￿72318 4.139 6.876J57 4,751,919 Educaiion 6.262.457 4.139 6.266.596 5,730,486 Other trading 3ctivities Tiading activities Ttstdl expenditure Net (outgoing) funds from operations belore transfers #nd inl'estment g#i¥LS 138,4?8 6.400I85 138,428 6,405,024 92,927 5,823,413 4.139 471J33 471,333 11,071.494) Gainl{loss) inveslments 12 (3.414) (3,5551 21,577 Net movement in funds for the year 471J33 {3,>Si) 467,778 11,049,917) Fllnd balances brought fonvard at I September 20?1 3.500.681 25,700 151231 3,677,612 4,727,529 Fund balances Carried forn#rd 8131st Augusl 2022 3,972,014 2).700 147.676 4,14>,390 3,677,612 The consolid£lted statement of financial Ilctii'ities incorporates ihe Income and Expendiliire aciount. The notes on pages 26 to 42 form part of these financial 5tatement& 22

Tettenhall College Oncorporateql) (A company limited by guarantee) BalAn¢e sheet as at 31 August 2022 (Compllny number 141727) Nole Group 2022 Group 2021 College 2022 College 2021 Fixed assets Tangible ass¢ts Izjvestments 7.065,097 126,036 7.191.133 7,290.959 134,591 7,425,550 7,065,097 126,136 7,191233 7,290,959 134,691 7.425,650 12 Current assets Sio¢k Debtors Cash and deposits 90,282 402,149 lJ61J74 1053,805 84,335 450,345 505.099 .039.779 1,870 $72,251 1,223,790 1.797,911 1.870 549,310 444,815 995.995 13 Current liabilitios Creditors pa}'able ivithin one year 14 (2218.420) (4,787,717) {2,162,626) {4,744.033) Net ¢UTrenl liabilities (364,61S) (3,747.938) (364,715) (3,748,038) Total assets less current liabilities 6,826,518 3,677,612 6.826.518 3,677,612 Long-term liabilities Creditors payabl¢ after one year 15 {2,681.128) (2,681,128) Net a$5et5 4,14iJ90 3,677,612 4,14i,390 3,677,612 Represented by: Eudois.￿l funds 21 147,676 151.231 147,676 151,231 Restricted funds 21 25,700 25,700 25,700 Unrestricted funds 21 3,972,014 3.500,681 3.972,014 3,500,681 4,145J90 3.677,612 4,145J90 3,677,612 Tettenliall College (Incorporatcd) has takeii tlie eieiiiptioii froin presei)lingi a pareiit Stat¢in¢i)l of FiiianLial ALlii"ities incorw)rating Incoiiie and EXr￿lIditUre Accouiits under seclic)1) 408 (if (lie Companies Aci 2006. The SLirplLlS for the )'eilr deali ii.ith in ihe ftnan¢ial SEatemenls of thc cliaritablc compani- il'as £471,333 (2021.. deficit of £1,071,494). 23

Tettenhall College (Incoryorated) {A company limited b). 2uarnntee} Bxlxnce Sheet as at 31 August 2022 (CompAn)' number 141727) These financial statements ivere approved b!. the Governing Bod). on 28. Ap.¢. 1 2023 and i¥'ere signed beh£llf b).. idge (Chaimian of the Governing Body) The notes on pages 26 to 42 Cortn part of these financial statements 24

Tettenhall College (Incorporated) (A conipani. limited b). 2uaranlee) Consolidated cash Ilom. statement Cor the Tr'eir ended 31 August 2022 2022 2021 Net cash outflow from operations Net cash provided bj. l (used in) oper<1ting a¢tivilies ,081,071 (872,663) CAsh flows from ini'esling actii'ities: Pa}'nients for tangible fixed assets Proceeds from sales of tangible fixed a55ets Proceeds on sale of inveslmcnls Ini'estment income and bank interest received Net cash used in investing aetivities (29,577) (926,820) 5,(N)O 5,000 124 577) (921,820) Cash floivs from fjnancing activities: Loaii r¢pa)'mei)ts Neiv Loan Finance cosÈs paid Net cash useil in finane&ng *¢tii'ilies (119,626) {1.135,236) 3,000,000 (59,049) (8059J) (21)OJ19) 1,805,715 Change in cash and cash equivalents in the reporting period 856.275 11,232 Cash and deposits ai 31 August 2021 505,099 493,867 Cash and deposits at 3 E August 2022 lJ61J74 505,099 Reconciliation of net income to net Cash floii" from operating actii'ities N¢1 incoming resoiirces 471J33 Elitnination of nOn-oper￿lIing cash floii's= Ini'estnient income and bank interest Fin£ln¢¢ ¢osts tkpr¢ciation charge Decrease/(increase} in stock (Increaseyde¢￿4sC in debiors Increase/(decr¢ase) in crcditors {1,071,494) 80593 255,439 (5.947) 48.196 231,4)7 59.049 2)9,887 4,050 (1?9,918) 5,763 609.738 198,831 Net ca5b infloiTr from operations 1,081,071 (872:663} The notes pages 26 to 42 form part of these finxncill statements. 25

Tetlenhall College (Incorporated) (A compan). limited b) guarantee) Notes forming part of the financial statements for the )'e2r ended 31 August 2022 LEGAL STATUS OF CHARITY The College is a compan). limitcd by guarantee (regislered number= 141727) Ivhich 15 r¢gist¢r¢d in England and Wales. It registered as a charit), on 6ih September 1966 and its ¢hariti' registration number is 528617. The regisler¢d office and principal place of business is Wood Road, Tettenhall, Wolverhampton, WV6 8QX. The principal activit), of Tettenhall College is a successful co-edu￿110nal, indep¢ndent da). and boarding school for pupils aged 2 to 18. ACCOUNTING POLICIES The financial slalements have been prepared in accordance ivith Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charilics preparing their acLounts in accordance I￿lIh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS I O?) {effective l JanLiary' 2015) - (Charities SORP (FRS I O?)), the Financial Rcporting Standard applicabl¢ in th¢ UK and Republic of Ireland {FRS 102) and the Companies Act 2006. The College meets the definition of a public benefit enliti, under FRS 102. Assets and liabilities are initi8lly rccogni5cd at historical cost or transaction value iiiiless otheni'ise stated in tlle releN'ai)t accounting policy. 2.1 Going concern As part of thc as5e5sment made to determine if going concern is the correct basis for ihe financial statements, the governors hak'e assessed the budgets and forecasts for the nexl 5 }'ears. The Governors have revieii'ed the funding facilities available to the College and continued support from the College's b￿lnK logJeiher iN'ith the expected ongoing demand for places and the College'5 future projected cash floi¥s. Tlae Goi'ernors therefore have a reasonable ¢Npe¢iation that the Coll¢g¢ has adequatc r¢sourccs to continue ils activities for the foreseeable future and ac¢ordinglJ th¢y also Continue lo adopt the bFoing con¢em basis in prcparing thc financial statements. 2.2 Basis of consolidatio The Lonsolidated financial statements incliide the financial statements of the College aiid its Slibsidiary Lindertaking made up lo 31 August 2022. The tesults of the subsidiarics, as shoii"n in nolc 12 ar¢ consolidated on a line-b}'_line basis ii'ithin the consolidated Stsiemenl of Financial Activities {"SOFA"). In the Collcge's financial statements, investjnents in subsidiary. undertakings are stated at cost less provision for pernianeni diminution. 26

TettenhJll College {Incorporated (A compan). limited b). guarantee) Notes forming P4irt ofthe financial st#tements for ihe l'ear ended 31 August 2022 2. ACCOUNTING POLICIF.S (continued) 2.3 Critical accounting judgements #nd key sources of estimation uncertainty Preparation of the financial statenients requires Goi'ernors io make significant judftements and estimates. The items in the financial slai¢ments ii.hcre these judgements and cstiiiiates havc bccn made iiicludcd- DoLibtfi]I debt provision.. Fees r¢¢¢ivable are evaluatcd arkd a specific provision is applied to each accoLint based on management's jLidgenient and experience. 2.4 Fee5 and similar earned ittcome Fecs r¢ceii'able and charges for services and use of tl)e preiiiises, less any alloiiai)Les, scliolarsliips, burkiries granted b), Ihe College against thosc fees, but including contributions rcceii'ed frotll restricted fund5. are accoLinted for in the period in ii'hich the service is proi.'ided. 2.5 1ni'estmeDt income Ini'cstment income frotn diN'idends, bank balances and fixed interest securities ts accounted for on an acLruals basis. Income from ini'estment properties is accounted for in the periixl to ivhich the rental iiicome relates. Rental income (includitkg incentives receii'ed or paid) for operating leases on investment property are recognised in profit or loss on a siraighi line basis over ihe lease terni. 2.6 Donations, legacie5* grants and other Tr'oluntar) incoming resources Vollintary ineoming resourc¢s ar¢ account￿ for as and }￿hen cntitlctncnt arises. the aiiiouiit can be reliably quantified and the economic benefit to the College is Considered probable. Voliintari, income for the College's genernl purposes is accounted for as unreslricted and is credited io tlie General Reserve. Ivliere tlie donor or an appeal has im]M)sed trust laii. resirictions, voluntar). incoine is crtidited to the relevaiit restricted fiind aiid incoming endoiiinents are accounted for as pemiai)eiit trust capital or expendable tru51 capilal: according to iihether tlie donor intends retenlion is to be perinaneiil or not. Gifts in kind are i'aliied al estimated open market volue at ihe date of gif( irb the case of assets for releiition or consumption. 2.7 Expenditure F.xpciiditLire is accrued Ils soon as a liabilit). is considered probable. disLoiinted t() present ￿.4]Ve for Inn¥¢r- teimi liabilities. EN￿.[1dlIllre attribulable to tnore tlian one cost Lategory. in tlie SOFA is apportioi)ed to theii) oil the basis of the estimaied amount attributablc lo cach actii"ity' in thc )'¢ar. either b). rctcrci)cc lo staff tiine or tl)e Lise made of the iinderli'ing assets, as appropriate. Irrecoverable V AT is incliided ii'iih Il)e ilein of ¢XFKndiliire to ii.hich it relates. Gok'ernance eosis compris¢ th¢ costs olcompl)'ing iyiili conslitutional ￿]d slatutor). requireniei)ts. 27

Tettenhall College (In¢orpoTated) {A conipan}' limited b). guarantee) Notes forming parl ofthe financial statemenls for the )'ear ended 31 Augusi 2022 ACCOUNTING POLICIES (continued) 2.8 Tangible filed assets Expenditure on the acquisition. construciion or enhancement of land and building5 Costing more than £ 1,000 tooether iN'ith ￿'ehiCl¢S, furniture, machinery., ICT infrastructure and other equipment costing more than £1,000 are capilalised and carried in lh¢ balance sheet at historical cost. Other expenditiire oil eqiiipinent incurred in the normal day-fo-da}' running of the College is charged to the Statetnent of Financial A¢tivilies a5 incurred. 2.9 Depreciation Dcpreciaiion is provided to ii.rite off the cosl of all rel¢vont tangible fixed 2sset5 Icss cslimatcd rcsidual value based on current market prices, in equal annual instalments oi'er their expected useful economic lives as folloivs: Freehold land and biiildings Fixed Asset improvements Fiimitiire and fittings VehiLles and eqiiipment 100 )'¢ars Strai￿7t line l O to 25 years straight line 10 }'ears straiglit liiie 5-8 years Siraighi line 2.10 Investments Lisl¢d cstments are vallied at markel value as at the balance shed dalc. Uttrealised gains and losses I rising 011 the revaliialion of investmeiits are credited or charged to tlie Stalement of Financial AcliN'ilies and are allocated to th¢ appropriatc Fund accord&ng to the.01￿llershIp, ofthe Under]￿]ng> ass¢ls. 2.1 I Stoek Stock repr¢s¢nls goods for resale and 15 valiied at the loii'er of cost and net realisable valu¢. 2.12 Fun(1 accounting Tlie Lharitable funds of the College are accounted for as uiirestricted or restricl¢d income, or as endoitrment Cclpltal, in accordance is.ith the temis of trust iTnposed b). the donors or any appeal to iyliich they ma}, hiive respond￿. Endoiiment funds are further sU￿1vided into pennanenl and expendable. Unrestricted income belongs to ihe CollegJe's Corpora￿ reserves, spendable at the diseretion of Il)e Gov¢rnors cithcr to fLlrther the College s Objects or to benefil th¢ Collcgic itsclf. Where tlie Goveriio decide lo sei aside an) part of these funds to be used in future for soine specific PLIIVOSC, tl)is is accc)Llllted for b). transfer to ihe appropriate designatcd fund. Restricted incomc COTnprises gifts, legacies and grdnts ii'here the￿ is no capital rctcntion oblig?alioii or p()i%ei' biit onl). a Iriisl laii. resiriilion 10 SOtETre specific piirw)se iiiteiided b)" the donor. Permthnent endoii.ment arises ii-here a donor intends ihe gift lo be retained permanentl). for iise bj. tl)e Ci)Ileb7e vr for its finanLial benefit (i.e. b). ijii'estiiieiil). 2.13 Pension costs l<ctir¢niL'nt benefits to emplo)'ees of the College are proi'ided ihrough hio pcn5ion schctnc5: one defiiied beiiefit and one defiiied contribution. 11]e pension costs charged ii) ilie Statement of Fii)aiicial Ailii'ilic5 lire deterniin¢d as folloiis: 28

Tettenhall College (Incorporated) (A con)pan)' limil¢d b)" guarantee) Note5 forniing part oc the financial statements for the ve*r ende(131 August 2022 ACCOUNTING POLICIES (¢ontinued) (a) The Teachers. Pension Scheme - This scheme is a multi-etnployer rEnsion scheme. It is not possiblc to identify. the Collegi¢'s share of the underls'in¥ assets and liabilities of the Teachers, Pension Scheme on a consistent i?nd reasonable basis and therefore, as required by FRS102, it a¢¢ounts for the scheine as if it ii¢re a dcfined contribution s¢heme. The Colle&Je's Conlribiitions, Ivhich are in accordance ii-ith the recommendations of the GO￿ernment Actuary.. are cliarged in the period in ivhich the salaries to ivhich thej relale are pay'able. (b) The Tettenhall College Group Personal Pension Plan This is a defined ¢onlribulion groiip personal pension plan i%'ith AegFon. Eniplo)'er's pensions costs are charged iii die period in ivhich the salaries to ii'hich the). relate are pa)'able. 2.14 Operating leases Rentals under operaling leases are charged on a straight-line basis over the lease terni, even if the payments are not m£ide on such a basi5. Bencfits rcccivcd and receivable as an incentive to sign an operatii)g lease are similarls spread on a straighi-line basis over the lease term. 2.15 Financial instrulnents Basic ftnancial instruments are initiall), recognised at transaction valiie and subsequently measured Ilt amortised cost iN'iih the exception of invesimenls and casl) ai bank and in hand wqiich are held at fair value. Cash at bank and in hand És defin¢d as all cash hcld in instant access baiiL accounts aiid used as ivorkii)g Lapilal. Financial assets lield at amonised cosi cotnprise trnde and otlier debtors. A specific provision is mclde for debts for ivhÉch recovcrabilit%' is in doubt. Fiiiancial liabilities held at amortised cost coniprise all creditors except social secLirit)' and other t&xes and provisions. CHARITABLE ACTIVITIES- FEES RECEIVABLE 2022 2021 Fees receii'able consist of: School fees Less.. total SLholarships and bursarics 6,8CIO,739 411119). 5,528,432 1.103.880 CHARITABLE ACTIVITIES- OTHER INCOME 2022 2021 Transport SiirplLlS on pupils rechar&ieables Scliool trips Squash Acc2demy Slimmer Camp Unifonn shop 29.246 1,845 1.755 4,370 23.736 80.681 393 30.2¥6 27,830 29

Tettenhiill CollL'ge (lttcorpornted) (A compan). limited b). guarantee) Notes foTniing part ofthe financial statements for the )'ear ended 31 Augttst 2022 OTHER TRADING ACTIVITIES 2022 2021 Trailing income Hire of facilities- School Hire of facilities- Tettenhall Coll¢g¢ Enterprises LiHEited 128 142 993 1,186 GRANTS AND DONATIONS RECEIVABLE Unrestricie(I Restricted Endowment Total 2022 Total 2021 Dei'elopment dorkations PTA Jamian Charitable Trnsl Parent Old Tettenhallians 12i,(MM 125,1)00 4,139 125,000 4.139 30 5,089 12i,030 4,139 129,169 130.089 ANALYSIS OF EXPENDITURE Staff eosts (note 9) DepTetiatiOTJ I￿ote 11) Other Total 2022 Total 2021 Charitable expen(liture Eiliiciiliiiii Teaching Welfare Pi'eiiiises repair and maintenance Support Losts and goN'eTnance Interest pal'able 2,900,923 304,98) 202,934 349,241 14.452 330,371 609.681 639.107 593.3?2 80,593 3245,746 914,666 1.083.028 942 $63 3,078,191 786.523 926.848 879,875 240.987 80.$93 Totkil chAritablt eipenditure 3,7i8,083 2 j*,439 2,253,074 6366￿96 5.730.486 30

TettenhAII College {Incorporated) (A compall)" limited b). guarante¢) Notes forming part of the flnancial statements for the )'ear ended 31 August 2022 GOVERNAf4cE COSTS Governance included in Support eosts: 2022 2021 Remuneration pttid to auditor for audit servi¢¢s Other governance costs 20,100 1200 13,250 2,160 21 JOO 15,410 Travcl cxpenses ￿￿'ere reclaimed by no members (2021.. 0) of th¢ Governing Body. Diiring the year. indemnity insurance ivas in place to coi'er the liabilit), of the Governors and other 0￿]cerS in respect of negligeni delauli, breach of trust or breach of duty. ST AFF COSTS AND RELATED PARTY TRANSAcfIoNS 2022 2021 The ag￿egate pa)Yoll costs for the )'ear ivere as folloiis= Wages and salari¢s Social security Costs Other pension costs 3,058,914 280J44 418J425 3,025,675 265,447 423,770 3,7$8,083 3,714,892 None of the Governors received any remunerdtion or oiher benefits froTn Tcttenhall College or froin any coiii)ected bod),. Aggregate emplo)'ee knefils olkc). managemenl ￿rsOnnel 503,047 520.723 2022 2021 Number of paid ¢mplo}'c¢s in bands of= £50,00110 £60,000 £60.00 I to £70,000 £70,00110 £80.000 £120,001 to £130,000 £130.00 I to £140,000 £140.00110 £150.000 The niimber il'iih reliremcnt bcnefits accruing in Defined Benefit schemes College pension contributions for ihcsc cmplo)-ccs amouni¢d lo £52.079 (2021.. £74,700) 31

Tettenhall College (Incorporated) (A comp&n)' limited b). guarantee) Notes forming part of the fin2n¢ial statements for ihe year ended 31 August 2022 STAFF COSTS AND RELATED PARTY TRANSAcfIoNS {coMtinued) The avcrage number of the College's employccs during the y¢ar ivas- 2022 2021 Te<icliiiig Welfare Premises Supwrt 74 15 12 16 117 79 16 12 21 128 10. NF.T INCOMING RESOURCES 2022 2021 This is slal¢d after chargtng Deprccialion Operating lease rentals Auditors remiineration= aiidit services (exclusive of v AT) Auditors remiineralion= non-audil sern'ices (exclusive of VAT) 255,439 40,716 259,887 41,892 13.542 1.800 I,000 32

Teltenball ColleLye {Ineorporated) (A compan). limited b). gu4r4nlee) Notes forming parl of the financial statements for the )'ear ended 31 Augusi 2022 11. TANGIBLE FIXED ASSETS Grollp 2nd College Freehold lan(1 and buildings Vehicles and equipment Assets under the course of construction Furniture and fittings Cosl At I September 2021 Addilions Disposa15 8237.661 803,209 18,435 312.113 11.142 11 S,297 9,468,280 29,577 At 31 August 2022 8237,661 821,644 323255 11.5,297 9,497,857 Depreciation At I Sepieiiiber 2021 Charge for lh¢ )'ear Disposals lJ89,518 179,693 505277 61,294 282.526 2,177,321 255,439 At 31 August 2022 1,$69,211 296,978 2,432,760 Net book N'alue At 31 August 2022 6,668,450 255,073 26,277 115297 7,065,097 At 31 August 2021 6,848,143 297,932 29,587 115,297 7,290,959 All tangible fixed assets are held for use on charitable actiN'ilies. 33

Tettenhall College {Ineorporated) {A compan). limited by guarantee) Notes forming part ofthe flnanci￿ slatements for the )'earended 31 August 2022 12. INVF.STMENTS Group 21122 College 2022 Group 2021 College 2021 At I September 2021 {DeLreaseyittcrease in value of investments Additions Disposal Investments at 31 August 2022 InTr'e5tment5 comprise: 134591 (3,555) 134,691 (3.555} 118,014 21.577 118,114 21.577 (5.000) 126,036 (5,000) 126,136 (5,000) 134,591 (5,000) 134,691 Listed investments Eqiiities Transact Portfolio Subsidiar}' Tettenhall College Enterprises Lid 126,036 126,036 134.591 134,591 100 100 126.036 126,136 134,591 134,691 Tettenhall College Enterprises l.td is lo￿1￿ b). Ihe College. The r¢¥istered otTice is Wood Road, I'¢ll¢nhall. Wo[￿er1]allipto1i. WV6 8QX and its registered nuinter 11293?95. The profil for the period ended 31 August 2022 Il'as £82,298 (2021= £2.079), all of ithich Il'as donated to the College. Net assets at 31 August 20?2 ilere £1 00 (2021: £100). 13. DEBTORS Croup 2022 College 2022 Groiip 2021 c.ollege 2021 Fees and extrns Other debtors 313.471 6,516 313,471 3,133 173.485 82.162 303.924 3,511 303.924 2,555 99,921 142,910 AmoLints oil'ed from subsidiar), iindcrtaking Other prepa)TllCnts arEd accrued income 82.162 142,910 402,149 $72,251 450,345 549,310 34

Teltenhall Colll'ge {Incorporllted) (A eon]pany limited b). guarant¢t) Notes forming parl ofthe financial statements for the )'ear ended 31 August 2022 14. CREDITORS: amounts falling due within one l'ear Group 2022 College 2022 GroLIP 2021 College 2021 Deposits from parents Mortgag¢ loans (sce tEote 16) Fees receis'ed from par¢nls in advanc¢ of terni Trade creditors Taxation and social security Other creditors Aceruals and deferred income 264,839 169,987 1,194,664 221.434 113,871 57,157 196,468 2.218.420 264039 169,987 1.194,664 187.969 106,474 51,453 187240 2,162,626 188,941 2,970,741 1,095,208 241,561 103.048 54,485 133,733 4.787,717 188,941 2,970,741 1,095,208 203,947 i 00,001 53,171 132.024 4,744,033 Fees in adiran¢e represent pa)'tneni for fees relating to ternis ivithin the 202Y2023 finanical ).'ear. Movemeiits diiring the )'ear ii'erc.. Group 2022 College 2022 Group 2021 College 2021 Balance at I September Resources deferred diiring the )'ear Atnounts released from p￿viOUS j'ears Balai)ce at 31 August 1,095208 1,1195208 1,194,664 1.194,6(A (1,095,208) (1,1195208) 1,194,664 1,194,664 873.425 1.095,208 (873,425) 1,095,208 873.425 1,095,208 (873,425) 1.095,208 15. CREDITORS". amounts falling due after more than one l'ear Group 2022 Colle2e 2022 Group 2021 College 2021 Mortgage loans {see note 16) 2,681,128 2,681,128 35

Tettenlii)11 College (Ineorporate(l) (A compiin). limited b). guarantee) Notes forming part of the fiDanei21 statements for the )-ear endod 31 August 2022 16. MORTGAGE LOANS GTOUP and College Al th¢ balancc sheet date, the mortgage loans iver¢ rcpa)'able as folloi*s'. 2022 2021 Within l year In 1-2years 111 2 - 5 }'ears In niore than 5 years 169,987 176,865 149,205 174,405 555,419 2,091,712 1,936JOO 2Jl.il,115 2,970,741 The loan5 are Secured b). first legal charges oi'er the College's freehold properts.. There 2re hvo loans vhich bear fixed interest ntes of 2.84 % and 4.99&/0 and are being repaid b). moi)thls' inslalinenls. These loans ii'ill repaid b), November 2035 and March 2036 ￿SpectiVe[y. Loan interest chilrged to the Statement of Financial Activities amounted to £80,593 (2021: £59,049). 17. FINANCIAL INSTRUMENTS Group 2022 Group 2021 Financial assels measuTEd al fair value (b) 297,152 579,507 (a) Fin¢inLial a55¢ts include fee debiors, staff loans and oilicr dcbtors (b) Finaii¢ial asscts hcld at fair i'alue iiicllide assets held as inKestnieiits and cash (c) FinanLial licibilities include deposits, fees in advaiice. trade creditors, and otlier creditors 18. LEASES Group and College At 31 AiigTrust 20?2, the College had tlie lolloii.ingi commilmenls iiiider non-C<111cellable operating lel¢ ses: 2022 2021 Operating leases is'hich e.Ipire= Within one )'ear Within lilo lo five )'ears 28,086 40,716 42,401 36

Tetteiihall College (Incorporated) (A compan). liniited b). guarantee) Notes forming part of the finan¢Aal statements for tbe )'ear ende<l 31 August 2022 19. FUNDS OF THE COLLEGE The College's funds are arÈalysed under the following headings: ENDOWED FUNDS The Clay endoi%'ment flind represents inveslments gified lo the College to be held as capital. b) RESTRicfED FUNDS Developnient Fund -11)is represents doiiations received for a sp¢eific purpose: namely the continuation of the Tettenhall College Capital Development Plan. These funds hai'e been used for their inteiided Plirpose and the costs ivere capitalised as iinrestricted funds. Accordingl),, the balance on this fund has noiv been transferred to Iinreslricted fliiids. 37

Tettenhall College (Ineoryoraled) (A ¢ompan)" lijniteil b). guarantee) Notes forming part of the financial statements for the )'ear ended 31 August 2022 19. FUNDS OF THE COLLEGE (CONTINUED) Aston legacy A nLimber of paintings and Frf)oks ii'ere left to the College in November 2017 by former pupil, Mr Aston. I'he estitnated value of these is £20,000 and they are held as fixed assets. Other restricted funds The other funds represent donations received for specific PUTWJses ii.'hich have beeii used as intended. UNRESTRICTED FUNDS Unrestricted funds represent accutnulated income from the College's aciivities and other resources tliat are a￿a1[able for the general purposes of the College. 20. ANALYSIS OF NET ASSETS BETWEEN FUNDS At 31 August 2022 Endowed Restricted Unrestricted Tot311 Tangyible fixed assets Investments Nel ¢iirrenl liabilitl¢5 Long lemi liabilities 20,000 7,045,097 (5,000) {386.9iS) (2,681,128) 3,972,014 7,065,097 126,036 (364,61.S) (2,681,128) 4,14_SJ90 131,036 16,640 5,700 147,676 Ai 31 Aiig41.112021 Endo)b'ed Reslricied Unreslricled Tolal Tciiigihlefi.Yed a.f.sel.¥ Seciii'ilies iiiiiesliiieiils Nel Liirp'gni liiibilille.S Long ¢eripi liabiliiies 20,000 7,270.959 (5,0011) (943, 742) (2,821,536) 3,500,681 7,29n.gi9 134,691 (920.4U2) (2,821.536) 3,677,612 139.591 11.640 5, 700 25, 700 38

Tottenhall College (Ineorporaled) (A ¢onipan)' limited b). 2llaranlee) Notes Corming part of the finaneial statements for tbe l'ear ended 31 August 2022 21. SUMMARY OF MOVEMEiYfs ON MAJOR FUNDS At 31 August 2022 At I Incoming Resomrces Gainsl Sept resource5 experjded (Losses) Funds transfer At31 August 2022 2021 Unrestricled funds General reserve 3.500,681 6.872218 6,400,885 3,500,681 6,872218 (6,400,885) 3,972,014 3,972,014 Restricted funds Aston paintinos o-r Bursarial Fund OT Toil'ers Restoration Project OT BcJ¥irdcrs FLind OT Scholars Progr<imme PTA donaiion to Toil'ers kitchen Capital projects 20.000 50 20,000 2,650 1,500 1,500 1,51)0 4,139 (4,139) 25,7(H) 4,139 (4,139) 25,700 Endoiied- PermADent Cla). cndoiimciit 151,231 151231 3,555 (3 555) 147.676 147,676 Total Funds 3,667,612 6076J57 (6,40i,024) {3,$5i) 4,145J90 Ai 31 Aii&y113t 2021 Ai I Inconiiiig Resonrees Gai11s/ Sepl restsurc'es ¢rpeiided (LoJ3e&) 2020 Fiiiids 1riiii.lfer Ai31 Aiixiisl 2021 Uiireslricledfiiiidy General re.senj De.¥igTr7aledfiiiid- Capilalprojecl.s 4,336,325 4. 747.419 (5,58J,OOJ) 240.J)O Q40.350) 4.i76,i76 4.747,419 (i,823,413) 3,5(10, 681 3,50U,681 Re51ricledfiiiids A.%lc)11 /RiiiilipiR. OT Biii'.siiricil Fiipid OT Toii'i'r.s Rc'51uriiliun Projecl C)T Bonrder.¥ Fiind OT.gL-li(Ilfirs Progi'aiiiine 20.000 50 l. lio 20,1)UO 50 2.05(J 1,5UO 1.5110 2), 7QO I,iOO I,ino 1,500 4.iOO ?1,200 EiiiloKped- Perttiuiieiit Glcij, epi<l¢)ii'ipieiil 129.6)4 21,577 151.231 129,654 21.577 151,231 Tuliil Fiiiiil.I 4. 7?? j29 4, 7jl, 919 (5.823,413) 21,577 3,677,012 39

Tettenhall College (IJtcorporated} (A comp&n)' limited b). guarantee) Noles forming part of the finaneial statements for the >'ear ended 31 August 2022 22. PENSION SCHEMES Retirement benefits to emplo}'ees of the College are provided through one defined benefit scheme and one defined Contribution scheme. ilhich are funded b). Ihe College's &nd emplos'e¢s' ¢ontribulions. Defined benefi15chemes The College participates in the Teachcr5' Pcnsioti Scheme {"th¢ TPS-") for its teacliing staff. The pension charge for the )'ear includes contributions pa!'&ble io the TPS of £345,256 {2021= £357.587) attd al the year-end £40,703 (2021 £41,939) Ivas outstanding in rcspect of contributions to thi5 schcme. The TPS is an unfiinded multi-emplo)'er defined benefits pension scheme governed by The Teachers. Pensions Rcgiilations 2010 (as amended) and The T¢achers' Pensron Sch¢m¢ R¢gulations 2014 (as amendcd). Mcmbers contribute on a "pa). as you go" basis ii'ith Contributions from members and the emplo)'er being credited to the Exchequ¢r. Retirem¢nl and other pension benefits are paid by public funds provid¢d by Parliatnent. The emplo)'cr contriblltion rate is sei b). the Secretary. of stale folloii'ing sch¢m¢ valuations iindertakei) by the Gov¢rntn¢nt Aclliar) s Depa￿￿ent. The most recent aLluarial i'aluation of the TPS prepared as at 31 MarLh 2016 and the Valliation Report, ii,hi¢h was published in March 2021, confirmed that the emplo)'cr contribution rate for the TPS i%'ould increase from 16.40/0 10 23.6/0 from I Sept¢illb¢r 2021. Etnplovers are also required ￿ pa). a scheme adminisirntion lefv). of 0.080/0 giviiig a total employer contribiition rate of 23.68Q/o. The 31 March 2016 Valiialton Rew)rt il'as prepared in accordance iviih the benefits sel oirt itt the scheme regulatioiis aiid under the approach 5TKcifi¢d in Ihc Directions. as tlic). applied at 5 Marcl) 2021. Hoii'ever, the assumptions ii'ere considered and sei b). the Department for Ediication prior to tl)e niling in the 'McC.loiidlSargeani case, This casc has required tlic coiirts to coiisider cases regarding the implemei)tatioii of the 2015 r¢fom5 to Piiblic Service Pensions including tlie Teacliers Peiisions. On 27 Jun¢ 2019 Ihc SLipr¢tne Court deiiied the goi'ernmeiit perniissioii to appeal tlie Coiirt of Appeal's jiidgmjenl IEtat transitional proi'isions intr(xlLiced to the refomied pension scheines in 2015 gave risc to ynlaivfiil age discrimitkation. The governnient is respecting the Court's decision and has said il ii'ill ¢i)gag¢ ILIII). ii'ith the Emplo)'mei)t Tribunal as ii'ell as emplol'er and meniber represcn1aii￿eS to a¥ree lioiv the discriminations ii'ill be remedied. The goN'emment announced on 4 Febniary, 2021 iha¢ it inlcnds to proceed i'ith a deferred clioice underpin under ii.hich meii)bers i*ill b¢ able lo ¢hoosc cithcr legyacy or rcfoiiiicd schetlle benefits in res￿¢[ of iheir seTvice during ihe period bdiveen l April 2015 and 31 March 2022 at the point the). become pa)'ablc. The TPS is subject lo a cost cap Tncchani5m ii.hich ivas piit in place to prolect taxpayers against iinforeseen Lhanges in s¢h¢tnc costs. The Chief Secretary. lo tlie Treasury, liai'iiio iii 2018 aiiiiounced that tliere ¥Nould be a rei'ieiv of ihis LOSI cap mechanism, in Jiiniiar). ?019 annouiiced a paiise to the coss ¢1£ p meclianism follo1￿.ing tlie Court of Appeal s ruling in the McCloud/Sargeaiit Lase and until tlicre is L¢rtaini)' about tlie 'aliie of pensions to eniplo)'ees from April 2015 onivards. The pause li'as lifted in Jiil}' 2020. and a consLiltation li.as laiinched on 24 June on proposed changes lo the ¢ost ¢onlri)I m¢chaiii5ni folloii.iiig rek ieiv b}, tlie Goi'emmeiit Aiiuar)". Folloii"in¥ a public Lonsuliaiion, the Goiernnieiit liave accepted tl)ree k"e)' proposals recommended b), Ihe Government Acliiar%', and are aiming to implemeiit these cliaiiges in tiii)e for Ilie ?020 Yaluations. 40

Tettenhall College (Incorporated (A compan). liniited b). guarantee) Notes Corming part of the financial 5tatemeDts for ihe )'ear ended 31 August 2022 The 2016 cos1 control valuations haN'e since been completed in January, 2022, and the results indicated that there il'ould be no chatkges to benefits or mcmber contributions reqliiffd. Th¢ results of the cost eap valuation ar¢ nol used to set the emploi'er conlribulion rdie. and HM Treasury. has ¢onfinned that an), changes lo the etnplo)'er contribution rdte resulting from the 2020 valuations will lake eff￿t in April 2024. Until th¢ 2020 valuaiion is completed it is not possible to ￿nClude on any fiiiancial impact or future changes to the ¢onlribuiion rates of the TPS. Accordingly no provision for an}, additional past benefit pension cosls is included in thes¢ Iinancial statements. 22. PENSION SCHEMES (CONTINUED) Defined contribution s¢heJnt The Tett¢nhall College Group Personal Pension Plan started in August 2008. This is a mone￿. purchase groLlP personal peiision scheme managed b}, Aegon. Basie contributions att 3 % for the employee and 30/0 for the employer. The emplo)-er's coi)tribiitions are charged in the Statemeiit of Financial Activities in the period in i*hich the salaries io ivhich thei, relate are due. The emplo}'er's contribiilions in tl)e year amounted to £73,569 (20?].. £58,952)- At 31 August 2022 ther¢ ii'er¢ £10,751 unpaid pension contributions for tliis scheme {20?1: £11.232). 23. MEMBERS, FUNDS The College is a company limiied b). guarantcc and docs not havc a share capital. The liability, of each 11)ember is limited to an undertaking io conlribuie lo ihe assels of Ihe College such amount as may be required not exceeding £ l O Tll the ei'ent of the College being ii"ouiid lip. Tlie MemorandiiTn prO￿.1deS that no atnount Ina). be dislributed to meiiibers and thal: on a ivii)ding up, any surplllq asse15 shall be gii'en lo an institution ii'ith siiiiilar objects. Accordinglj., tliere are no equit). interests in the funds of the College. 24. RELATED PARTY TRANSAcfioNS The Headmaster's il'ife is an emplo)-ee of ihe School. Her app)intmenl il'as made independenil). and her r¢mun¢ration is in line ii.ith the School's pa). polic).. Tile Headrnaster il'as not iiii'oli'ed in Il)e einplo)'n)enl decision-making pro¢ess. The Headwnastcr's il'ife is a mctnber of tlie Ke). Maiiagemenl leaiii. 25. PROCEEDS FROM BUSINESS INTERRuwfioN CLAIfvI The College pursued a Business Intemiptton Insurance claim regarding the loss of income diie lo the Covid P11 ndemic. Thc insiirance conipan). accepted liability. and pa)'nieiit lias receiiied in Ma!, ?0?2. 41

Tettenhall College (Incorporated) (A conipan). limited b). guarantee) Notes forming part orthe finan¢ial statemenls for ihe Tr'ear ended 31 Augllst 2022 26. STATEMENT OF FINANCIAL ACTIVITIES- COMPARATIVE FIGURES BY FUND TYPE Year eNded31 Aiigiist 2021 Uiirestricled Reslrieled Eiidowed Fiiiid.v lolal liic'cjiiie ciiirfeFidoMpnientsfroni.' Cliarilnble acliipilies .SrliuolJves i'gc'eiiiible Ancillary Irading income Oilier Irading acliviti£s N{)￿-(li[clllllry Iradiiig income liive.slipienls liivesliiiLJpII income Blink and oiher ipileresi VoliiiitrtrJy.fi)iirees Granls nndclollulicJpi.f Coronai'iriis.Job Relention 4,424.552 141,633 4, 424,552 141,633 J5,510 15,510 125,589 4,iOO J30,089 40,135 40,135 Tvlal iiiconiing resoiirces 4, 747.419 4,iOO 4. 751.919 Eypeiidiliire on." Cliciritdhle iic'liviiieJ Edifcaliun Otlier tradiiig activilies Tv(7ding acti¥*ilies 5. 730.486 5, 730,486 92,927 92,927 Toldl e.lpeiidiliire i.823.413 5,823,4J3 42

Tettenhall College (Incorporated) (A compiln). limited bi. guarantee) Detailed income and expenditure account for the )'ear ended 31 August 2022 The pages that folloii. do not form part of the Statutory rinan¢i*l statements of the Colkge 43

Tettenhall College (Incorporated) (A company limited b). guarantee) Detailed ineome and expenditure account for the School for the )'ear ended 31 August 2022 2022 2021 Page School fees (gross) 6860,739 5,528.432 Scholarship59 grants and alloM'anc¢s (1,488,9i5> (1.103,880) School fees (net) 5J71,784 4,424,552 Other operating income 46 lJ66,145 234.440 6,737,929 4.658,992 Direct eosts Teaching Welfclre Premises Support costs 45 45 45 46 3245.746 914,666 1,083,028 942.563 3,078.191 786,523 9?6,848 879,875 (6.186,003) (5,671,437) Operating {deficit)Isurplu$ for the )'ear 541,926 (1,012,445) Interest reCeI￿.able and similar income Iiiicrest P?( }'able 46 46 (80 593) (59,049) Deficit on ordinar). #etii'ities for the l'ear 471J33 1,071,494

Tettenhall College (IncOrpo￿ted) (A eompany limited b). guarantee) Detailed income and expenditure *eeount for the School for the lear ended 31 August 2022 2022 2021 Teaching Teaching salaries and pension contributions EdLicatiotkal tnaterials Comtnission Squash Academy SLhool trips School stationery Library Speecli day expenses Prizes School run Depreciation & loss on diswsal: Motor vehicles Educalional eqiiipment 2,900,923 78,422 116.188 5045 2,895,856 78,369 3,244 1,755 6,942 3.812 153 1,049 70,474 7,822 SJ48 1.821 77,689 257 16,280 14.4.52 324S,746 3.078,191 Welfare Salaries aTEd iyages Sodexo Provisions Siirgcry Cleaning materials Laiindry. Bedding and linen Caterin8 Costs 304,98.5 522.799 14,488 7,142 34,6q8 9280 4,428 16.886 282,382 432,337 5,783 7,603 31,646 3,606 6,324 16,842 914,666 786,523 Premises Rates and i￿ater Hedting> and lighting Insur<1nce Salaries and i%'abTe5 Repairs and maintenance.. Propert), Fumilure and fillings Melhanical ai)d OLltdoor equipment Depreciatioii &. loss oil dis￿5￿1. Biiildings Fiirnilure and fitting5 81J57 216.812 40,761 202.934 91,523 176.?40 38,831 179,838 252J39 2J47 45,492 140,936 5,755 50.375 179,693 61,293 179,693 63,657 1,083,028 926.848 45

Tettenhall College (Incorporated) (A compally. limited b). guarantee) Detailed income and expenditure account for the School for the )ear ended 31 August 2022 2022 2021 Support Costs Clerical salaries Telephone atkd postage Oflice and stationery IT Publicity Incidentals Bad and doubtful d¢bt proN'ision Bank charges Professional charges Auditors. remiineralion Financlng charges 349241 26228 10,693 69,432 200.619 16?40 174,455 15,616 64529 356,816 36,794 9,004 77,987 146,918 27.208 128,127 20,535 53,186 15,410 7,890 7260 942,i63 879,875 Other operating income School riin Surplus on pupils, insurance and reehargeables SLliool trips Lettings and rent receii'ed Squash AcadeTlly Summercamp Oihcr inLoJne Doiilc tions Coronal'irus Job Relentiork Scheme 29,74) 393 30,286 127 29,246 1.845 1,755 450 4,370 23,736 736 132,167 40,135 27,830 ,0*8,547 211,467 lJ66,145 234.440 Interest reeei%'able and similar income Bank deposit and fixed terni interest Interest pai'able Mortgi&Je loans 80,593 -$9,049 46