Tettenhall College (Incorporated)
(A company limited by guarantee)
Annual Report and Financial Statements
For the Year Ended
31 August 2023
Regisiered Number 141727
Charity Number i28617
Tettenhall College
A LEADING DAY & BOARDING SCHOOL FOR BOYS ANO GIRLS. AGED 2 - 18

TErrENHALL COLLEGE (INCORPORATED) (A COMPANY LIMITED BY GUARANTEE AND NOT
HAVING A SHARE CAPIT AL)
Siatemen¢ of Financial Activities for the year ended 31 August 2023
Contents
Page:
Governors. officers and advisers
Atujual Report of the Governors
Strdlegic Report
Statement of Accounting and Re￿rtIng Responstbilities
18
Independeni Auditor's Rewrt
22
Statement of financial activities
23
Balance Sheet
25
Cash floiv Statement
26
Notes to the financial statements

Tettenhall College (Incorporated)
(A company limited by guarantee)
Governors, officers advisers
Governors, Dire¢tors and Charity Trustees
The Governors of Tettenhall College ("the College") are the College's charity trustees under charity law and the
directors of the charitable company. The Mem￿[$ of the Gov¢rning Body served in office as Governors
during tlie year and subsequently are detailed beloiv.
Mr J F Woolridge, CBE, DL. Bsc (Hons) (Chairnian)
Mrs J Parker. {Vice Chairman) MBE. JP, MCSP -08
Mrs C L Hammond, BA
Mr S Maddox A.B. Eng ACIOB
Mrs S J Isbister
Mr A Wynne LLB (Hons)~
Prof S Chung JP FCIOB MRICS FCABE PPRIBifj+
Mr M CatTrey BA {Hons) ACA ' (Resigned 13 September 2023)
Mr T J Bc¢ch MA
Mrs R Sidhu LLB (Hons)
Mr T P Bruton BA (Hons) Econ, FCA (Apwjinted 3 January 2024)
Metnber of Finance Commiltee
Mctnbcr of Planning & Estates CommTttce
Metnber of Education Committee
Member of Marketing Committee
The Executive ComTnittee sits as required and is constituted of Governors appropriate to the task.
The Governors are elected at a lull Council of Governors meetiiig. The Council of Governors coi)sists of a
Inaximlim of six nominated Governors and nineteen Governors apwinted by di¢ Council of Goyemors. the
nominated Governors being..
Not more than four members lo be nominated by the United Refomied Chur¢h or ils svc¢¢ssor.
Not more than Iwo members to be nominated by the Baptist Union ofGieai Britain aiid Ireland or its successor.
Officers
Headmast¢r
Mr C J McAllister BA (Hons), QTS, NPQH {Headtnaster)
Secretary and Bursar
Mr C S Way Bsc (Hons)
Clerk io the Governors
Mr R J Ennis LLB
Company number
141727
Cl)arity number
528617
Principal Address and
Registered o￿L¢C
W(M)d Road. Tettenhall. Wolverhampton. IVV6 8QX
Website
i¥.tetlenhollcollege.co.uk

Tettellhall College (Incorporated)
(A company limited by guarnn¢ee)
Governors, officers and advisers
Advisers
Bankers
Lloyds Bank PLC. Queen Square. Wolverhampton, WV I I UE
Solicitors
Rees Page, 8-12 Waterloo R(bad, Wolverliamplon WVI 4BL
Auditots
CTOiV¢ U.K. LLP. Black Country House. Rounds Green Road, Oldbury,
Wesi Midlands. B69 2DG
Insurers
Marsh Limited. Castlemea(L Lower Castle StreeL Bristol, BSI 3AG

TetteTrh#ll College (Incorpornted)
(A company limited by gu*rante¢)
Annual Report of the Governors for tbe year ended 31 August 2023
The Governors present thcir Antlual Report for the year ended 31 August 2023 undcr thc Charilies Act 2011,
includiiig the Direclor5' and Strat¢gi¢ Reports under the Companies Act 2006. logether with th¢ audited financial
slalemenls for the year.
REFERENCE AND ADMINISTRATIVE INFORMATION
Tellenhall Coll¢&ie was foiinded in 1863. It is constituted as a company limited b), guarantee registered in England,
No. 141727, and is registered ivitli the Charity Cominission under charity number 528617.
Details of the members of the Governing Body. together ivith the College's officers and principal advisers, are
given on pages 2 and 3.
STRucfuRE, GOVERNANCE AND MANAGF.MEiYr
Governing Documents
The Coll¢g¢ is governed by its Memorandum and Articles of Association. Ivhich date from 1915 and were last
Iipdated in 2009.
Governing Body
The governin¥ body of the College is the Council of Governors. details of i%,hicli. including lliforn]ation on how the
members of the governing body are apw)inled to otrice, are set out in page 2 above. The Coiincil of Govemors
dctcrininc the gcncral wlicy of the College. Tlie da)'_l(Hlay managemenl is delegated lo the Headinaster aiid the
Bursar.
Recruitment and Training of Governo
The College's Governors are appointed ai full Council of Govemots meetings on the basis of noniinations received
t<iking account of the Coiincil's specificotions concerning eligibility,, personal competence, specialist skills aiid
local availability. Neiv Govcrnors arc induct¢d into Ihc il'orkings of tlic Coll¢g¢ and reLeiv¢ a copy of guidance
issued by the Association of Governing Bodies of Independenl Schools {AGBIS} and t])e College's "Governaiice at
Tettenhall College" handbook that sets oui memb¢rship, TnemoranduTn and hrti¢les, commillee qtrLicttire, tenns of
reference, and procediir¢5 includingy appointtncnt and induction of neiv Gol'ernors. Spe¢ific trainiiig for Cjovernors
is provided by AGBIS with parficiilar reference to the governance issiie5 conT]ected ivith a charitable organisation.
Organisational Management
Thc Goi'ernors, a5 th¢ charity Trustees of the College. are legall) resix)Iisible for ihc overall managenieni and
control of the College and tneet at least three lime5 a )-ear. The Execiitive CoTnmittee, chaired b}, the Vi¢¢
Chainllan, Mrs J Parker meets ivhen required to consider pmcedures such as the election of ncw Governors,
otTiLers of the Coiincil and appointment of a iieii Headniaster or Bursar. The Finance Committee meets speLifiLall)'
to approve budgets and finalise the audited fitiancial statements and annual report for approval b), tl)¢ Couiicil, and
at otlier times as necessary. The Chainnan of tlle Finance Committee is Mr M Ca(rre￿.. Other priiicipal eoinii)itlees
are the Planning and Estates Commiltee, ¢hair¢d by Mr S Maddox, the Edu¢ation Committee, chaired b}, Mrs J
Parker and the Marketing Committcc chair¢d b). Mr A W)'nnc. Oihcr cointnittee members listed on pag?e 2.
Ea¢h of these eommittees meeis once a iemi before meetings of Ihe Coiineil. Sub-comm iitee meeliiigs are held for
Safegiiarding and for Health and Safcl),. Minute5 of thc5c Ineeiings arc distribiited lo all Governors and are
reported u￿n at full CoLincil meelings.

Tettenhall College (Incorporated)
{A company limited by guarantee)
Annual Report of the Governors for the yearended 31 Augusl 2023
The day to day rnnning of the College is delegated to the H¢adma5t¢r, supwbrtcd by his Senior Leadership Team, of
which thc Bursar is a member. TogeÈh¢r this group are the key managjemenl personnel. The Headniasl¢r and the
Bursar attend tneettngs of the aknve committees. The Head of th¢ Preparatory School. Deputy Heads and oiher
metnbers of staff attend committee meetings as rcquired.
Remuneration is Set by the Board. with Ihe policy objective of providing appropriate incentives lo ¢ncourage
enhanced p¢rfom)ance and of rewarding fairly and ￿sPonSIblY individual coiitributions lo the ColleLy¢'s success.
The appropriateness and relevance of the remulleration policy is revieived annually, including reference to
comparisons with oth¢r ind¢p¢nd¢nt 5ch(Kyls to ensure that thc Coll¢g¢ remains sensitive to the broader issues of
pay and employment condittons els¢Ivhe￿.
Delivery of th¢ Collcge's charitable vision and purpose is primarily dependenl on our key management personnel
and staff costs are the largest single element of our charitable expendibjre.
College Structure and Relationshitkg
The College actively supports the attainment of the highest standards in the Independent Schools 5¢Ctor, partly
throu￿ nehvorking ivith other schools and partly through peer group sludies lor the evaluation of quality and
perforniance improvement meihods.
We co-operate i¥iih many lo¢al organisalions in our ongoing endeavours lo widen publi¢ access to the schooling
ve can provide, to optimise the educational use of our cultiiral and sw)rting facilities and to awakeii in our pupils,
in the public interest, an aiyarcncss of the social context ofthe all-round educatioii they re¢eive at the Colle&7e.
The College also b¢nefilS from the gen¢￿51ty of a thriving neti*ork of Old Tclteithallians i%'hose close support ive
greatly appre¢iale and gladly acknoivledge. The College also has a strong relationship ivith a dedicated Parents and
Tea¢hers Asso¢ialion ivho both support and nin events for l)oih pupils and parents as illell as providing funding for
areas of the Collcge they wish to 5UPPOrt.
Governatt¢e
In line iviih generdlly accepted best prdctice for corpornte governance, rcgiilar revicws of tlic Board's raiige of
5ki11s and finaiicial aiid other coiitrols and proL¢dures are iindertakeii as 'governaiice audits. to confinii tl)al
Governors Etiaintain the necessar), persoiial compelence in each case and also that ihe Board protocols for managing
any emerging conflicts of personal interests remain fully effcctivc in practice.

Tettenhall College (Incorporated)
{A conipany limited by guarantee)
Annual Report of the Governors for the year ended 31 August 2023
Employjnent Policy
The College is an cquol oppothinities emplo)'er. Full and fatr considerdtion 15 given to job applications from
dis&bl¢d persons and due considerdtion is given to their training and employtnent needs. Consiiltation wilh
employees, or their represcntaiives, has continued at all l¢vc15 With the aim of taking the vicws of employees into
accoiint wh¢n dcci5ions ar¢ tnadc that are l&kely to affect their interests. Employees are made aware of the f￿anCIal
and economic perfom)an¢e of the College.
Communication ivith employees continue5 through nomial managemenl channels in a variety of fornis and also
through exceplional channels lo apprise staff of current issues.
Investment policy and objeetives
The Colle&ye's investments amounted to £123.358 ai 31 August 2023. The investment objectives are..
reviewing the investments annually to deternline if they provide the kst use of resources for thc current
demands of the College-
if possible, maintaining (at least) the value of the inve51ments in r¢al temis.
producing a consistent and Sustainable amount to suP￿rt expenditure. and
d¢livcring these objectives wiihin acceptable l¢v¢ls of risk.
To meet these obje¢tives, Ihe College's investments are managed to maintain diveTsification across a range of a5sel
cl￿5¢5 in order to produce an appropriate balance beii*een risk and return. Tl)e investmei)t strategy and policy is
monitored by the Finance Committee, as is investment p¢rforwnance.
AIiVIS, 0￿ECTIVEs AND ACTIVITIES
Charitable obj￿¢5
The Colleg¢'s Objects, in accordance with its Memorandum of Association, are the advancement of education,
incliiding the provision of boarding andlor day schooling for children of tK)th sexes. The College iiiaintains
IinendoiTred trust funds and rc5trictcd funds of modest proportions hcld for special purposcs in connection ivith tl)e
development of the College's facililie5 as Ivell as for scholarships, bursaries. prizes and other education&1 purposes.
Misston and Vision and Value5
Th¢ cornerstone of oiir comtnlinity is our vision to bc thc Sch(KTrl of choice for ovtslanding personaliscd ¢ducation,
inspiring ever). pupil to excel academically and beyond. Our tnission is to nurture oiir pupils to achieve tlieir fiill
poienlial and discover their Liniqiie talents in an educational 5¢tting where ihey ii'ill thrive and bc l)app)'. Oiir
exceptional staff inotivate pupils to eii)bra¢e challenge, giving them tlie best preparation for life and persoiial
success.
Olir core values include..
Ambition
Th¢ College strives for excellence in every aspecl of its work and lias high aspirdtioiis for the pupils. Resilience is
en¢oLtraged by embracing mistakes as learning opportunities.

Tettenhall College (Incorporated)
(A company limited by guaTaDtee}
Annual Report of tbe Governors for the year ended 31 August 2023
Opportunity
The Collegc f05ters self-belief and provides academic chall¢ng¢? per50nalis¢d 5UPPOrt and a breadth of learning
opportunities.
Crvativity
The College has the freedom to adapl ils education to find the most effective way to meet the pupils, nccds. The
College recognises that nurturing creativity is vital in t(bday'5 world.
Community
The College has a safe and secure family environmeni throughout our School. It l(K)ks to promot¢ shared values
and respect for each oiher. The College equally ivant pupi15 to look outsvards. act responsibly and become valued
global citizens.
Character
The Colleg¢ ¢uliivat¢s emotional intelligence, well-being and self-respect and encourages support for each other.
The college leads by example to promote healthy and balan¢cd lifestyles.
Intended impaet
Within its charitable Object5. the Colleg¢'5 intcntion 15 to provide a fwst-class education throub?h stron&? acadeinic
luilion <2nd by d¢v¢loping broader skills that enable every pupil to realise his or her poteiitial to the fLIII. Tills
involvcs ciiiphasis 011 the co-CLirriculum throiigli cerebrdl, swrting, artistil, team building and social skills. This
objective biiilds seif-confidence and life skills in our pupils and inculcates a desire to learn and 8 i¥illingi)css to
contribute to the ivider community whilst at S¢h(KTrl and in later life.
Aims
In meeting the Objects, the Council of Govemors, public benefil aim is to providc a first-cla5S ii)dependcnt
cducation, both through strong academic tllition, ai)d through developing ivider sporting. artistic and social skills i
all OLir pupils from the ages of 2 to l 8. This is intended to provide an enviroiiment ii,here each pupil can devclop
and fLilfil his or her potential, in order to help build self-confiden¢c and inculcate a lifelong desire lo contribute to
Ilie wider coinmunity. In the furtherdnce of these aims the College's Governors, as the charity Trusteeq, liave
Lomplied ivitl) the duty in s.4 of the Charities Act 201 I to have duc regard lo tlie Cliarity Comii)ission's publislied
generdl and relevant sub-5eclor guidance ¢onceming the operaiion of the Public Benefit requirement under the Act.

Teltenh#ll College (Incorporated)
(A company lin)iteil by guarantee)
Annual Report of the Governors for the year ended 31 Augu$t 2023
Objectives for the Yeydr
The aim of the Govemots, HeadTnaster and Senior L¢adcrship Team was to build on the solid foundati0115 laid over
the past few y¢ar5 and focus on recruitsnent and reiention of both Ix)arding and day pupils so as to return to pr¢-
Covid pupil numbers as quickly as possible.
The Governors and Headmaster are deterniined to make Tettenhall College the school of choice in the area by
continuing to focus on its strengths. The refurbishment of th¢ Boy5. Boarding House has providcd a modern aiid
comlortable living and 51c¢ping space lor all boarders and the aiin is to recruit boarding pupils to achieve near fiill
OCCLipancy. Witliin this ive aiJn to recruit youthger iK)arders and encourage a divers¢ range of boarder's
nationalities.
Additional objectives were to:
Maintain the sch(K)I's high level of academi¢ perfornlance and sports achievement.
Continue to provide public access through xholarships and means tested bursaries.
Continuc to develop mutually supportive links with other 5chwls in our locality and encourage fiirther
comtnunity access to our facilities Ixith inside and outstde of nornial school hours.
Continue to build on the lessons learned regarding ffmot¢ learning during the Covid-19 outbreak and irnprove
our provision further to ensure we are ready equipped in case of future outbreak5;
To continue to implement a proactive marketing campaign lo rdi5e the School's profile both locally and
ov¢rs¢as, in order to see a Significant increase in EM)th da). pupils and LKthrders-
Increase the number of bed spaces in FrfHrding accommodation to be able to tneel demand;
Improve the facilities at the College, including the SwimmiT]g Pool and new IT facilities;
Look to new overseas markets and an increase in ihe boarding population at the College- and
Conliniie to progress the restordtion of the Towers Building and renovation of internal spaces lo meet
increasing pupil demand.
Progir¢ss was mad¢ on most of these during the year as delailed below but as they are all long tem aitns they
continiie to be part of the objectives for the futur¢ a5 set out on page 15.
Strategies lo achieve Éhe primary objective5
OLir strategy aims to achieve the highest academic perfomjance by providing a stimulating learning environment in
vhich all piipils can develop their potential to the full. During the year the cllllleiiges fa¢¢d by ilie Covid pai)dcini¢
reslilted in lessons again moving to remote learning during tlie Spring terni. Despitc this, there was a continued
drive to maintain academic perfomiance Ihrough the online lessons. monitoring ofivork and feedback io pupils.
Cliltivatiiig a well-rounded development of the personaliti, in our pupils was conimensurate to this throii811
proi'ision of a happ), and sccurc pastoral eni'ironment. Pupils ciicouragcd to foster a sense of coiiiinuiiity,
respccl for each other and good citizensliip.

Tettenhall College (lfteorporated)
(A company limited by guxrantee}
Annual Report of the Goverllors for the year ended 31 August 2023
We had determined to ividen public access to our system of schooling as much as possible within the constraints of
our funding as an iiidependent education provider. Within this strategy li'e ci)ntiT]ue to host an activity-based
siimm¢r school and to work with local comTllUtEity charities and other local s¢hools to mak¢ more eifective usc of
the College's lacilities outside schwl hours. Our strategy also encourages pupils, involvement in exlra-curricular
activities with a foc115 on the provision of public bcnefit at all levels of siKiety.
Wherever possible, Ive try to keep in touch with our alumni as the}, progress through life at home and overseas,
both as Old Tettenhallians and also throiigh appeals from lime to time and in other ￿.￿YS, and by these mcans iv¢
are abl¢ lo assess the extent to ivhich our help has enabled them to make a worthwhile ¢ontribution to public lif¢.
A key obj¢ctivc for future growth is the recruitment of new pupils and the retention of existing pupils. Marketing
and admissions procedures provide greater engagement with pro5￿ctIve parents and an increase in the level of
¢nquiries.
Significanl lime and effort continiies to be expended on the recruitment of overseas boarders and this will continue
in the coming )'cars. Boarding numbers during the ycar were lower than in previous years due to Ihc Covid
reslri¢lions, however. it is anticipated that EKbSt Covid the boarding num￿rS ivill increase. The iniprovemcnl in the
Boarding Flouse facilitie5 ha5 provided the comfortable living and sleeping space for all boarders which is now
mor¢ attra¢tivc for potential students. We have started lo make w)sitive progress iii neiy overseas Inarkels tl)rough
culiivalion of long-standing relationships iyith the Director of Admissions. This has proved to be effeelive
especially in Ccntral and Latin America as ivell as Nigeria.
Principal Activity
Tettenhall College is a success￿1 c(Feducational. independent daj, and boarding school for pupils aged 2 to 18
years tliat attracts pupils fn)m the UK and from ovcrseas. For the period of ihis rcw)rt, thc Colle&Je Lomprised The
Preparatory School, catering for child￿n belii'een the ages of 2 and I l years and S¢nTor School catering for ages I I
to 18 years.
Public Benefit
The governors have complied I￿.1th their duty to have due regard to the guidance on piiblic benefit piiblished by the
Charity Commis%ion. TetteTJhall Collcgc remains committd io ihc aim of providing public benelit in ac¢ordance
with its founding principle5. Charit). laii. has introduced a requiremeiit to demonstrate that public benefit for
charitable piirposes ivhere it has hitherto been presiimed in the absence of evidence to the conlrary. This colls in
turn for tnor¢ dctailcd disclosures conceniiiig our aims.
The aivarding of bLirsaries for the need). is a measurable Ineaiis of providing public benefit. Tl)e Coiincil of
Govcrnors, takes the vieiN' that bursaries aivarded to those %vho i%'ould not other4vise be able to afford tlie fees are
important, bul not to the exclusion of the much ivider benefit that the College proi'ides iyithin the coiiiinunity.
Those piipi15 wlio altend our School and i1.ho rcccivc financial suppot1 ¢oiitribul¢ lo the School ¢ominunity ii) a
variety of ivays, and so the b¢n¢fit is not purely io these pupils but to the whole College and, in some case4 lo the
IN'ider community.
This ye<lr, the value of means tested buNries iva5 £584.468 ivhich equates to W/0 of school fccs (2022.. £357,396
60/0). I'he Governors, policy, in line iiith that of other Independent Schools, is to make tliese ail'ards on (he basis of
the individual's edueaiion&l polenlial, contribiition to the ivider school commui)ity and their financial
¢ir¢iimslanccs. siibject to the particular condilions i￿pOsed b). the origiiial donor where the award 15 Out of
reslriclcd fLinds. 104 pupils attended tlle College on means tested bursaries.

Tettenhall College (Incorw)rated)
(A compAlly limited by guarantee)
Annual Report of ihe Governors for ihe year ended 31 August 2023
In total 86 pupils were in receipt ofscholarships of £410,042 which equates to 60/0 of school fees (2022= 75 pupils.
£345,935. 60/0). In addition. fTnancial assistance ivas oivard¢d to I child of personnel in tlie Armed Forces.
further 4 overseas stiid¢nts ￿e1V¢d f￿anCIal sllpwrt from the College via the Dresden scl)olar5 Scheme and 4
from the HMC and Polish schemes.
Tettenhall College is Committed lo playing a full part in suptK)rting local community groups and to develop
muttially beneficial partnerships wh¢r¢v¢r possible.
Such initiatives have included=
The College opens its S￿rtS and other facililics to many local individuals, organisations, religious bodies
and charities including the sports facilities, sivimming pool, theatre and classn)oms'
Working ivith local state schools to dev¢lop mutually beneficial links in the areas of six)rL music and
drama.
The College has made the Swimming p(K)l and forest school available to other schools on a not-for-profit
basis. thi5 has includ¢d collecting and returning children in tlie College'5 01¥'n niinibuses.
Inviting local Schools to use the librdry facilities-
Members of staff and pupils contribute their time voluntarily lo a number of ¢haritable causes sucli as
Macmillan Canc¢r Support, Children in Need, Give as you live. Acorns Hospice. Carers Anoiiymous,
Elle's Angels, CoFnic Relief, Compton care, Ukrainian charities and
Slimmer camps and events that are open to the local community.
Beneficiaries
Our immediate beneficiaries are young people ii-.hose attendance at our fee-paying school can be funded by parei)ts
or giiardians or else from s¢holaTships, bursaries or other forms of charitable grant support, or a cotnbin2tioii of
tl)ese. The local communily also benefits from appropriate access to our facilities. The general public are the
Liltimate beneficialles of our high-qiiality educational system and the greater awareness of social values that it
generatcs in our alutnni.
W¢ maintain closc liaison bctsveen parents. guardians and ieachers, as ivell as with Old Tettenliallia115 iii later life,
and also With l(Kal charilies that coiild benefit from our fa¢iliiies. B5, this means we ar¢ able to e115ure tliat the
schooling w'c provide is alii'ays 'fit for purpose tn the ¢ontexl of present41ay s(Kiety.
We also benchmark Pliblic opinion on the standing of our school in relation lo the i¥'ider ediication s}'stem, Ivith a
vicw to fine-tuiiing tl)e public benefit itre can provid¢ in k¢¢ping ii'ith the p¢rLeiv¢d needs ofsociety at large.
Volunteer5
Tl)e Governors are immensely grate￿1 for the manifold voluntary activitie5 undertaken by the Parents, Association
iii order to help ivith the School fundraising and culturdl activities during thc )'car. Thc Governors ivould lik¢ to
take this opportunity 10 sa). how much they appreciate Parents. Association continuing and valuable support for our
Ivork.
io

Tettenhall College (Incorporated)
(A companv limit￿1 by guarantee)
Annual Report of the Governors for ihe year ended 31 August 2023
STRATEGIC REPORT
MARKETING STRATEGY
The School has i¥ork¢d hard over the last three years ts) develop its marketing strategy to promote the School's
purpose to eduvale attd develop confident young people ii'ho are equipped to lead, inspire and make a positive
contribution during iheir tilne at Tettenhall College and their lives kyond.
Our positioning slatcment is that Tettenhall College is an inclusive school with traditional values and a global
dimension, situated on outstanding historic green field site ivith excellent facililies- where the ¢ducation of the
Ivhol¢ child ¢omes first. A range of day, full and flexible Ixiarding options, and the most convenient Irattsport
servi¢¢s, to fil with family, life and work. 5UPPOrts thi5.
W¢ are now seeking lo achieve a Tnuch higher profile as a first-class school delivering educational excellence and
improve market penetration in our kcy markct5 across a ivider geographic area with a stroiig vision for the future
and ¢l¢ar messaging.
After recent successes in ivhi¢h nutnbers have ri%n our aim is to create a clear marketing strategy to increase
Inarket share in Ihe nexl Ihree years, building number5. particularly in day schooltn& to support a busines5 model to
ensure a s¢ciir¢ future for thc College.
The aim of this work is lo..
Increase pupil numbers over the next thre¢ y¢ars and achicvc an appropriate balance of day and boarding
pupils.
Div¢Tsify boarding nutnbers by recruiting pupils from a ii'ide rdnge of countries.
Crea1¢ 3 frameivork for marketing and admissions ai Tettei)liall College tl)at is fit for purpose lo meet
¢urr¢nl trends in the marketplace. and ivhich can be developed aiid adapled to meel chanb7cs in deli1￿]d iii
fijture.
To provide a plan to roll out a new vision for the College. raising its profile in ils catchment aiid buildiiig
on its key strengihs
We are seeking to address the folloiving factors that are CTitical to success=
A significant improvement in r¢t¢ntion, ¢specially in the Prcparalory Schi)ol lower years and Y¢ar I I.
Addressing Ilie day and ovcrs¢as boarding imbalance in thc sixth forni and sixtli fonn size.
Improving r¢crLlltment in th¢ 45-minul¢ ratchtn¢nt area-
Much clcarer tncssagiiig aknut the School's positioii iii the marketplace;
Addrcssing the perceptions inside and outside the School about acadeinic driv¢ and rigour-
Increase the profile of the School ivithin nelv overseas markets.
Improve our digital presence both ivithin the UK and overseas.

Teltenhall College (Ineorpora¢ed)
(A company limited by guarantee)
Anlluxl Report of the Governors for Ihe year ended 31 August 2023
ACHIEVEMENTS AND PERFORMANCE
A¢ademi¢ SMcc&ss
A5 Iv¢II as a groiving piipil roll, both day and boardiiig pupils, a¢adefflic ￿sU[ts ivere also positive. At GCSE level,
830/0 ofpupils ivere awarded GCSES at grades 94 including English and matheTnalics.
A Level students continued to kc¢p up iviih tlie l)igh standard5 set bj previous years, with 23.40/0 of pupils
achieving A* and A grades, wilh 95.50/0 of pupils achieving A* to F. grades. The College is proiid of thc diverse
and imprcssive rdnge of higher education institutions and courses ihal our pupils have been able to progrcss to
including Manchester. Warwi¢k and the University of New south Wales Australia.
Boarders, Outings
A busy and varicd range of knarder's outings again l(K)k place throughout the year. The recent trip to Oxford saiv
boarders immersed in history and culture as ihey explored this beautiful city. Boarders also experienced go-
karting, paintballing and day trips to places of int¢rc5t far wide.
Charity Fundraising
A number of charitable events took place during Ihe year and received the nornial ivholcheartcd support of the
Tettenhall Cnllege Cowntnunity. A Christmas Jumper Day ivas held and rnised £429. Ivith the proceeds beii)g) split
between Compton Care and Macmillan. Tti¢ annual Chri5tTnas "Sanla Run" alw look place ivitli Maiiy Members
of the iyider School community participating ivith thc aim of rdising fund5 for good causes.
Performing Arts
The ChrislTnas Concert 2023 featured many of talented pupils perforniing solo, duet and ciisemble pieces
beautifully and with musical sensitivity. Larger ¢n5Ctnbles included the Guitar Group, the College Orchcslra and
both the Preparatory and Senior Choirs singing what were increasingly ambitious pieces.
In December the Coll¢g¢ Community iyere back in the beautiful setting of St Michael and All Angels Cl)Lircli for
the annual Carol SeTvice in the last iveek of temi. The Prepardtory School participal¢d in exccllciit voice as they
presented a variety of Christmas Carols aiid festive song& ttadilional and contemporary. They ivere assisted by tlie
joint Preparatory and Senior School Choirs iyho delii'ered mature, committed perfomian¢es of Christmas choral
pieces.
The anniial Christmas Play ivas 'Grimm Tales" and this played to highly appreciative audiences over 3 iiiglits. As
always, tlie perforn)ances by th¢ rast ivcrc exceptional ai)d shoived ihe depth of talent at the College. The Senior
School miisical was 'Honk" and once again a stellar cast perforn)ed admirabl), to a packed theatre every eveiiing.
In the Summer Tem the Pr¢paralory School perfonned Shrek" Ivith every casl Ineinber tuniing? in a perforniai)c¢
beyond their years.
Sports
Sporting provision ¢ontinucs to be driven by the aim to develop personal fitness through participation for all in Ilie
School and ¢ontiftues io build and develop pupils by means of a strong fixture list enabling the maximum nuinber
of Pilpils to represent thc Sch(K)l in individual and ieam sport5. Increasing use of spe¢ialist coaches have played a
significant part in improving the perlomiance of the Sports. d¢partin¢ni's success.
Squash ALad¢m )' members are iiorking through their Developmenl Aii'ards Juiiior Skills Progi"amme. With each
level building on existing skills and offering more challenging tasks, pupils are developing thcir hai)d to eye
12

Tettenhall College (Incorporated)
(A co￿PanY limited by guaranlee)
Annual Report ofthe Governors for the yegr ended 31 August 2023
coordination, racket skills and ball control. Considcring tactic% stratcgy and challenging their understanding of the
gam¢ ha5 h¢lpcd them grow as players.
Health & Wellbeing
The Surgery team iveff ¢x¢epiionally busy throiighout th¢ y¢ar, managing IK)th physical health matters and
providing support around mental health and ii.ellbeiiig. A number of initiatives are run (o help pupils with their
mental health including a lunchtime 'ketchup club" which is available for pupi15 to talk lo qualified staff about
their mental health issues. Pupi15 also have access to an indqKnd¢nt counsellor and an indepeiideni listeiier.
FINANCIAL REVIEW
Results for the Year
Th¢ Coll¢gc'5 total incoming resources for the year amounted to £8,578.048 (2022: £6.878,357). The net surplu5
for the year was £868,665 {2022-. £467.778) as shoivn in the Statement of Financial Activities. These results show
the impact of the inflationary pressures during the year. The results have beeii improved by the do]￿tIOn towards
the cost of replacing the Toil'ers Roof.
Reserves Policy
The Governors have considered the reseryes held by the College at 31 Augu￿ 2023. The College needs reserves
both to enable it lo progrcs5 ils long tern] aims and to fund its rur¥tnt activilies. The Governors haipe examincd the
Iieed5. risks and challenges faced by the College in i)oih the short And medium lerm, along) wilh relevani fiiiai)cial
foreLasls and have forniulated a polic), to meet these nccds. Thc long-lerm aim is lo ensure that th¢ amoLllIt of the
unrestricted fuiids eqliates lo the sum of:
Planned or anticipat¢d fuiurc commitments to capital projects
Financial comtnilments made but not )'et ente￿1 into
Planned investm¢nl in ¢ducational initiatives
Creditors due le5S than one year
Salary and r¢lated costs for one month to cover cashflow and contingenc), requireTnents
The College s total reserves of £5,014,055 at the year-end included £149,998 eiidoivnieiit capital. £1,375,700
restricted fiinds and £3,488,357 unrestricted income. There are no curr¢nt free reserves (￿n￿strIcted funds less the
ncl book valuc of fixed assets financed b), those funds). The Governors revieii the reserves position ai)nually and
coMsid¢r that the future plans outlined on page 15 ivill lead to an increase in reserves in the future.
Against this background, regular meetings ivere held betil'een the Chaimian of Governor& Chair of Finance,
Headiiiaster, Bursar and Finance oificer io agree aclions to take and re￿]eW progres5. The foLus has been on ¢ash
availability and hoiv to preserve this i%"iih additional support from the bank io coi'er aiiy sliortfall.
13

Teltenhall College (Incorporated)
(A compkiny limited by guarantee)
Annual Report of the Governors for the year ended 31 August 2023
Going Con¢ern
The Governors have a reasonabl¢ ¢xpcctation that the College has adequate rcsourccs to conlinue its activities for
the foreseeable future and ac¢ordingYly Ihcy a150 continue to adopt the going conccrn basis in preparing Il)e financial
statements as Oliilined in the Sialemcnl of Accoiinting and Reporting Responsibilities on page 16.
Investment Policy and Objectives
Poii'ers of investment are regulated by the Memorandum of Asso¢ialion and administered b). the Governo￿. Th¢
inv¢51￿¢￿1 objective is to maximise overall r¢turn. whilsl achieving an appropriate level of iiicome.
Freehold Land and Buildings
In the opinion of the Governor5. the market value of the Colle8e's freehold land and buildings is in excess of the
amoiint al ivhich it IS Stated in the balance sheet. Hoivever. the amount of the excess over net book value has not
been quantified.
Charity governance code
Th¢ Triistees are aware ol the new charity governance ci)de issued in July 2020. In order to ensure that the charity
is working in line ivith the codc, in all ivays ii,here it is practicable to do 50 thc GovernoTS hav¢ bcgun th¢ process
of reviewing and discussing this at Council meetings. This ivill be ongoing.
The charity had no fundraising a¢tiviti¢s rcquiring disc105urc undcr S162A of the Charities Act 2011.
Detailed considerations of risk are delegated to the Headmaster, who is assisted by the Senior Leadership Team.
Risks are identified, assessed and conirols established throughout the year.
Key controls iised by the College includ¢:
Forn]al agendas for all Committe¢ and Council activity-
Deiailed ternis of referenc¢ for all CownTnittec5-
Comprehensive strategic plannin& budgeting and management accounting;
Established organisational structure and lines of rewrting-
Fornial Ivritten policies-
Cl¢ar authorisation and approval levels, and
Vetting procedures as reqiiired by law for the protection of the vulnerdble.
The Govemors have identified and discussed the principal risks faced by ihe College including..
The re¢ent economic iincenainl), and doi￿1urn-
Political faciors that may threaten business fates relief and VAT on school fees-
Pupil deinogrnphics.
Academic resiilts, standards and reputation.
14

Tettenhall College (Ineorporated)
(A COmpa￿Y limited by guarnntee)
Annu311 Report of the Governors for the year ended 31 August 2023
Fee levels.
Increased ¢ontribution5 to the Teache￿. Pension Scheme..
Credit availability, liquidity and cash flow forecasts= and
Futiire developTnent plan5.
Tliroligh risk management processes established for the College, the Goi'ernors are &4tisfied that the Inajor risks
identified have been adequately mitigated ivhere necessary. It is reeogni5¢d that systems cai) only provide
asonable biit not absolute assurance ihat major risks liave been adequately managed. The Governors regularly
revieiv the ¢ffectivene5s of current plans and strategies for man8ging all identified major risks.
FUTURE PLANS
The aim of the Govcrnors, Headmaster and Senior Leadership Team is to build on the solid foundations laid over
the past few years and focus on recrllitment and reletttion of both boarding and day pupils so a5 to incrcase pupil
numbers from pre-covid levels as quickly as possible.
The Governors And Headmaster are detemined to make Tettenhall College th¢ school of choic¢ itt tlie area by
continiiing to focus on its strengths. Th¢ total refurbishinent of the Boys. and Girls, Boarding Houses have
provided a modern and comfortable living and sleeping space for all boarder5 and the aiJn 15 to recruit boarding
pupils lo increase the knarding population at the School. Within this iv¢ aiill to recruit youiiger boarders and
encourag¢ a diverse range ofboarder's nationalitie5.
In addition. lye will..
Maintain the sch(K)I's high level of a￿demiC performance and s￿>rts achiev¢mcnt-
Continue to provide public access through scholarships and means tesied bursaries-
Continu¢ to develop mutually supportive links with other schwls in our locality and encourage further
Community access to our faciliti¢s both inside and outside of nornial School hours.
Continue to build on the lessons learned regarding remote learning during thc Covid-19 outbreak and improve
our provision further to ensure lye are ready equip￿ in case of fitture outbreak5;
To continLie to implement a proaclive marketing campaign to raise the School's profile both locally and
overseas, in order to see a significant in¢rea5c in IKTrth day pupils and boardets.
Increase the number of bed spaces in boarding accommi)dation to be able to meet demand.
Improve the facililies al the College. including the Sivimming P￿1 and new IT facililics-
Look to neiv overseas markets and an increase in the boarding population at the Collcge. and
Continue to progTress the restordtion of th¢ Toivers Building and renovation of internal spaces to meet
increasiiig piipil demaiid.
15

Tettenhall College (Incorporated)
(A eompany limited by guarantee)
Annual Report of the Governors for tbe year ended 31 August 2023
STATEMENT OF ACCOUNTING AND REPORTING RESPONSIBILITIES
The members of the Governing B(MJy {iYho are also the dire¢ioTS of Tettenhall College for the purposes of company
law) are responsibl¢ for preparing the Annual Report and the financial statem¢nts %vitli applicable law and United
Kingdom Gcncrally Accept￿ Accountingy Practice (United Kingdom Accoiinting Standards).
Compcllly laiv requires the Governing Bod), to prepare financial stalements for each financial year. Under that law
the Governing Bod). have eleclcd to prepare th¢ financial statements in accordance ii'ith Uiiited Kingdom Generally
Accepted Ac¢oiinting Practice (Unitcd Kingdom Ac¢ounting Standards) and applicable law.
Company law reqiiires the members of the Governing Body lo prcpare financial statemciits for each finai)Lial year.
Under company law the Governing B(xly niembers must not approve the financial slalements uiiless they are
satisfied that the). give a lrne and fair vieiv of the stste of affaTrs of the charitable company and the group and ofthe
incoming r¢sources and application of rcsources, inrluding the income and expenditure, of the charitable groiip for
Iliat period. In preparing these financial sialemenls. th¢ Governin8 Body memkrs are requircd to=
select the most appropriate accounting policies and then apply th¢m consTStently-
observe th¢ methods and principles ill the Charities SORP-
make judgtnents and Mrxounting estimates that are teasonable and prudent.
state ivheiher applicable Accolinling Siandards havc been follo%v¢d. subjecl to any material departures
disclosed and explained in the financial ￿ateMentS- and
prepare the financial slalements on the going concern basis unless it is inappropriatc to presume that the
charilable company il'ill continue in business.
The m¢mbers of the Governing Body are resw)nsible for keeping &dequalc accounting rccords that are sufficient to
shoii, and explain lh¢ charitable compan) s Iransactions, disclose ii'ith reasonable accuracy al any tiine the financial
position of the charitable company and enable ihem to ensure that the financial 5tateinei)ts cotnply will) the
Companies Act 2006 and the provisions of the charity. 5 Collstitution. They are also respcinsible for safegiiarding the
assets ol. the Lharity and the group and hence for taking reasonable steps for thc prevention aiid deteclion of fraud
and oilier irregulariti¢s.
Relevant Audit Informatio
In50far as each of the Ditectors. as members of ihe Governing Body, at the date of approval of thi5 repoi'l is aivare
there is no relevant aiidit inforniation (infonnatiort nccded by the Compan) s audilor in conneclion with preparing
tl)e audit report) of ivhich the Company"s aiiditor is unaii"are. Each membcr of the Gov¢rning Bod), has takeii all tl)e
slcps that he or she ghould have taken as a mcmber of the Goi'erning Body in order to make himself or herself aivare
of the relevant audit informaiion nd to establish ihat the c.ompan> s aiiditor is awar¢ oftl)at infor]nation.
16

Tetlenhall College (Incorporated)
(A Company limited by guarantee}
Annual Report of the Governors for the year ended 31 Avgust 2023
Auditora
Crowe U.K. LLP has indicated its iYillingtEesS to be reappointed as ststutory auditor.
Approved by the Governing Body of Tettenhall College on ..2ts.hP.£!L .2024, including, in their capa¢ity as
com
dire
rs
ving the Directors, and Strategic RetKirts wntained Iherein. and signed on its b¢half by..
J F Woolridge
Chainnan
17

Tettenhall College (Ineorporated)
(A ¢ompany limited by guarnntee)
Independent Auditor's Report ¢0 the Members ofTettenh*ll College (Incorporated)
Opinion
We have aiidited the finaneial 5talctnents of Tcltenhall College {In¢orporated) (the "charitable cotnpany") and its
siibsidiary (tht"groLlP") for the year ended 31 August 2023 ivhich comprise the consolidalcd statement of financial
activities, consolidated balanc¢ she¢l, Consolidat￿ cash flow statement and notes lo the ftnancial slat¢m¢nts,
including significant accounting policies. Th¢ financial rew)rting frameivork that has been applied in their
preparation 15 applicable laiy and United Kingdom Accounting Standards. including FinancÈal Reporting Standard
102 The FinaTJcial Reporting Standard applicabl¢ in the UK and Republic of Ireland (United Kin&¥doin G¢n¢rally
AccepÈed Accounting Practic¢).
In our opinion the financial statements=
give a Irlie <2nd fair vieiv of the state of Ihc group's and the charitable company's affairs as at 31 August
2023 and of the group's in¢omtng resources and application of resources. in¢luding its income and
¢xpenditure for the year then ended-
have been properly prepared in accordance ivith United Kingdom Generally Accepted Accounting Practice.
and
have been prepared in accordance ivith the r¢quiremenls of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance ivith International Standard5 on Auditing (UK) {ISAs {UK)) and applicable
law. Our responsibiliti¢5 under those standards are furtller described in ihe Audilor's responsibililies for the aiidit of
the financial statements section of our report. We are independcnl of Ihc group iii accordaJ)ce ivith the etl)ical
qiiirements that ar¢ rclcvant lo our audit of the financial stalettt¢nts in the UK, includiiig tlle FRC'S Ethical
Staiidard, and ive have fLiifilled our other ethical reswi)sibililies Tn a¢cordance with these reqiiiremeiits. We believe
thclt the aiidil evidence ive have obtatn¢d is SU￿1Clertt and appropriate to provide a basis for our opii)ion.
Conelusions relating to going concern
In aiidiling the financial statemcnts, we have concluded that the trustee's use of the going Concern basis of
a¢¢ounling in the preparation of the finaiicial sl&tements is appropriate.
Based on the %York wc have perfornied we have not idenlified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast signafi¢anl doubt on thc charitable compai)y's ability to
continiie as a going concern for a pcriod of al l¢ast livelvc months from when tlie finan¢ial statements are
aiithoriscd for issue.
Oiir responsibilities and thc re5ponsibiliti¢s ol the trustees ivith respect lo going concern are described in tl)e
relevant seclions of this report.
Otber information
'rhe trustees are responsible for the oiher inforniation contained A￿lIhin the annual report. The other iiifonnation
comprises the infomiaiion included iii the annual report, other than th¢ financial stalcmenls and our auditor's report
thcrcon. Our opinion on the financial statenients does not cover the other information and, except to ilie extent
othenvise expliciily slated in our report. we do noi exprc5s any form of assurance conclusion th¢r¢on.
Olir responsibility is lo read the other information and. in doing so. ¢onsider whcthcr tlie other information is
materially inconsistent ivith the fiiiaiicial slatcments or our knoivled&Je obtained in Ilie audit or othernvise appears to
bc matei'ially misslaled. If li'e identify such tnaterial inconsistencies or appareTkt material tnisstatenieiits, Ive are

Tettenhall College (Incorporaled)
(A eompany limited by guarantee)
Independen¢ Auditor's Report to the Members of Tettenhall College (Incorporated)
required to d¢tcrniine wheth¢r this gives rise lo a material misstatemenl in the financial statements themselves. If,
based on the ivork ive have perfornied, Ive conclude that thcre is a material misstatement of this other informalion,
w¢ are r¢quired to report thot fact.
We have nothin8 to report in this regard.
Opinions on other matters prescribed by the Compallies Ae¢ 21)(16
In our opinion based on th¢ work undertakcn in the course olour audit
Ihe infonnation given in the truste¢s' reporL which inrludcs th¢ directors. rew)rt and the strat¢gi¢ report
preparcd for the purpos¢s of company laiv, for the financial year for ivhieh the financial statements ar¢
prcpared is consistent with the financial statements. and
the stralcgic report and Ihc directors, repori included ivithin Ihe tTUStees' report have been prepared in
accordance ivith applicable legal requirewncnts.
Matters on which we are required to report by exceptio
In light of the knoivledgc and understanding of the chariiablc company and tlieir environment obtaiiicd in tlic
uourse of the audit, we havc not identified material misstatements in the strategic report or the directors, report
included iyithin the trustees, rew)rt.
We have nothing to rcport respect of the folloiving matters in relation to ivhich the Compmnies Act 2006 requires
us to report lo you if. in our opinion=
the parent ¢ompany has not kept adequate accounting record5. or
the parcnt company ftnancial statements are not in agreement with the accounting records and relums. or
certain disclosures of trustees, r¢muncration specified by law are not made. or
we have nol received all the inforniation and explanation5 we require for our audiL
Responsibilities of trustees
As explained In0￿ full). in the Irustccs, responsibilities statement set out on page 16, the truslees (who are also ihe
directors of th¢ charitable compan). for ihe purposes ofcotnpan}' laii,) are responsible for th¢ prcparation of the
tinancial statements and for being satisfied that th¢y give a trlie and fair viciv, and lor sucli inIen￿l coi)trol as the
trustees d¢lcnnine is necessary. to enable the preparation of financtal stalements that are free frotll material
misstatement, Ivhether due lo fraud or error.
In preparing) the finaneiml statements. the tnislees are responsible for assessing the charitabl¢ COTnpaiiy's ability to
continue as a going concern, disclosing. as applicable, matters related to goii)g> concern and usiiig Ilie going concern
basis of accoLinting unless the trustees eiiher intend to liquidale the cliaritabl¢ compan), or to cease operations, or
have no realistic alternative bul to do so.
Auditor's respo￿51b11IticS for tbe audit of the fin2n¢ial Statements
(hir objectives ar¢ lo obtain reasonabl¢ assurdnce aEKiul ivheiher the financial statements as a whole are free from
niaterial Inisslat¢menL ivhether due to fraud or error, and io issiie an auditor's report that includes oiir opiiiion.
Reasonable assiirance is a high levcl of assurdnce, but is not a guarantee that an a(Ldit conducicd in accordaiice ivith
ISAS (UK) will alivays dete¢l a material misstatement iN"hen it exists.
19

Tettenhall College (Incorporated)
(A eompany limited by guarantee)
Independent Auditor'$ Report to the Members of Teltenhall College (Incorporated)
Mis5tatem¢nls can aris¢ from fraud or crror and ar¢ considered material if. individually or in the aggregatc, they
COLild reasonably be expected to influence the economTc decision5 of U￿[5 taken on the basis of these financial
statements.
Details of the extent to which the audit lia5 considered Capable of detecling irregularities. including fraud and non-
complianc¢ ivith laws and regulalions are set out below.
A further description of our rcsponsibililies for the audit of the f￿anCIal statemenls is located on the Financial
Reportiiig Coun¢il's iyebsite at.. wM¥.frc.org.uklauditorsresp)nsibilities. This d¢s¢ription fornis part of our
aiidilor's report.
Extent to which the audit was eonsidered capable of detecting irregularities, including frnud
Irregularities, Including fraud. are instances of non-complianc¢ ivith laws and regulations. We identified and
assessed the risks of Tnatertal mi5slatetnent orth¢ financial staiements from irregularities, wliether due to fraud or
error, and discussed these betiveen our audit team members. We then designed and perfomied audit procedur¢s
responsive to those risks, including obtainin8 audit cvidence su￿1cle￿( and appropriate to provide a basis for our
opinion.
We obtained an undersianding of the legal and regulatory frameworks within which the charitable company and
group operates, foeusing on thos¢ laivs and regulations that have a direct effect on the determination of iiiaterial
amoiints and disclosures in the financial statements. The laws and trgulations we coiisidercd in this context w¢re
th¢ Companies A¢1 2006. the Charities Act 201 l ￿gether iyiih the Charities SORP (FRS 102). We assessed the
requircd complian¢e with these laws and regulations a5 part of OUT audit pr￿edureS on th¢ related financial
statement il¢ms.
In addition, we considered provisions of other laws and regulations that do not have a direct effect ot] the fiiiancial
statements biit conipliance iviih m.hich might be fundamental to tlic charitable company's and the group's ability lo
operate or to avoid a material pcnalt),. We also ¢on5idered the opportunities and inccnlives that may exist ivithiii
thc charitable ¢ompany and the group for fraud. The laivs and Ttgiilation5 Ive conside￿d ii) this context for the UK
operations ivere The Education (Independent School Standards) Regulations 2014, General Data Protection
Regulation ((sDPR), Health and Safety and Employmeni Segislation.
Aliditing standards lim it the required audit pro¢edures to identify non-compliance wilh these laws and regulations
to enquiry of the Truste¢s and other management and inspection of regulatory and legal correspondence, if any.
We the wate&t nskof m*￿al m¥￿ton￿* f￿￿￿la1 ststematts fr(*n ￿kndIng to
of controL8 bi, maDagemort. Our a￿tht FrcLEthxes to re5Fon* to these risks i￿l￿A￿ eTr]uwie5 of
nYJnagement al￿ the A￿lIt C4)mmrttse I￿￿ut their and a￿SSMent ofthe risk of I￿eg￿3￿￿S.
sample tsstsng on the p)stJng of journals, reTrie￿ing ￿t￿ntm8 est￿1￿ fi)r biase4 ￿'le￿ing regulat(Ky
CLJErrylxxle￿e Clwity" a￿d readin2lllllllltes ofme&llWS of ckLarpd Trith Rol"ern(￿.
Oi%'inki to the iiilierent limitatioils of an audit. Ihere is an unavoidable risk ihat ive tnay not have deleLted some
material misstatements in the financial statcments even though ive liave properl). planned and perfornied oiir audit
in accordance with aLiditing standards. For example. the further removed non-compliance ii'ith laivs and regulatioiis
{in'egTLilarilies) is from the events and transactions ffflccted in the financial stateinei)ts, Il)e less likely the inherently
limilcd procediires rcqiiired b), audiling standards ik.ould identify it. In addition, as ii'ith an), audit. there remained a
higher risk of non-detection of irregularities, as Ihese ma} involve collusion, forgen,. iiitentional omissioiis,
Inisrepresentations, or the ov¢￿Ide of internal controls. We are nol responsible for preventing non-compliancc and
cannot be expccted to d¢iecl noii-compliance ivith all laws and regulations.
20

Tettenhall College (Incorporated)
(A cornpau!. limited bv guarAntee)
Independent Auditor's Report to the Members ofTe¢tenhall College (Incorpordted)
Use of ollr report
This report 18 niade 501ely to the charitable company's m¢mbcr5, as a body, in accordance ivith Chapter 3 of Part 16
of the Companics Act 2(KJ6. Our audit ivork has been undeEtsken so that ive might state to the charitable coiiipany's
members those matters ive ar¢ required 10 State to them in an audilor's report and for tko other purpose. To the
ftillest extent pcrmitted by laiv, Ive do not accept or assume responsibilit), to anyone other tlian thc charitablc
company and lh¢ Lharitable Lompany's members as a EKKIY. for our audit work. for thi5 report. or for the opinions
we have fonned.
Vo)C
Kcrry Brown (Senior Statutory Auditor)
For and on behalf of
Croive U.K. LLP
Statutory Aliditor
Black Country House
Roiinds Green Road
Oldbury
West Midlands
B69 2DG
Dale-
Istmay
.2024
21

Tettenhall College (Incorporated)
(A company liniited by guarantee)
CoDs01idaled statement of financial activities for the year ended 31 August 2023
Unrestrieted
Notes Funds
Reslricted
Endowed
2023
2022
Total
Funds
Funds
Total
Incorne and endowments fTOTh:
Charilable activities
School fees receivable
Ancillary trading income
Other trading activities
Non-ancillary trading income
Voluntary sources
Grants and donaiions
6.682.248
233.997
0.082248
233,997
5.371,784
173,736
294.162
294,162
143,121
433
1,360.089
I J60522
129.169
Other ineome
Bic nk interesi
Proceeds fro￿ btisiness
inteTrtLPtion clai
7,119
7,119
25
1,058,547
Total incoming resources
Expeniliture on-
Charitable activities
Ediication
7317,9S9
IJ60,089
8,578.048
6,876,357
7,366.751
10,089
7J76O40
6,266,596
Other trading 2Ctivities
Trading activities
Total expenditure
Net loutgoiNg) fllnds from
optrntions belore transftr5
invtstment g%in%
334,865
7.701.616
334,86S
7.711,705
138,428
6.405.024
10.089
{483.657)
A JSO,OIM)
866J43
471,333
Gain/(loss) on investments
12
2,322
2J22
(3.555)
Net movement in fuDd5 for tht
year
(483.657)
IJ50,IKMI
2J22
868,665
467,778
Fund balan¢e5 brought forward
at I September 2022
3.972,014
25.71M)
147.676
4,145?90
3,677,612
Futkd b#l#n¢es carried forwar(I
at 31st August 2023
3,488J57
IJ75,71M)
149,998
5.014,OSS
4,145.390
The consolidated slaiemenl of financial activities incotw)rates the Incotne and Expenditure accouiit.
The notes on pages 26 to 42 forni part of these financial statements.
22

Tettenhall College (In¢orporaied)
(A ¢ompany limited by guarantee)
Balanet sheet as ai 31 August 2023
(Company number 141727)
Note
Group
2023
Group
2022
College
2023
College
2022
Fixed assets
Tangible assets
Inv¢sltRents
7219,104
123J58
7J42,462
7,065.097
126.036
7,191.133
7219,104
123,458
7￿42￿62
7.065.097
126,136
7.191,233
12
Current assets
Sto¢k
Debtors
Cash and deposits
127,079
498,7(Kl
2,4i3243
3,079,022
90,282
402.149
1.361,374
1,853.805
1.870
572,251
1,223,790
1,797,911
13
729J39
2276,114
3,1)07J23
Current liabilities
Creditors payable ivithin one
year
14
(2,903,165)
(2.218,420)
(2,831,566)
(2.162,626)
Nel current liabilities
175057
(364.615)
175,757
(364.715)
Total assets le&s curreLt liabilities
7,518J19
6.826.518
7518J19
6,826,518
Dg-term liabilities
Crcdilors payable after one
year
15
{2￿04￿64)
{2,681.128)
(2504264)
(2.681,128)
Net kissets
5,014,055
4.145.390
5,014,055
4,145,390
Represented by:
F.ndowed fund5
21
149,998
147.676
149,998
147,676
Restricted funds
21
lJ75,71)0
25,700
lJ75,71)0
25,700
Unrestricted funds
21
3,488J57
3.972.014
3,488J57
3,972.014
5,014,055
4,145,390
5,014,0.55
4,145,390
Teltenhall College (Incorporated) has taken the ex¢mption from presenting a parent Siaiemenl of
Fiiiaiicial Activities incorporaling Income and Exp￿nditUre Accoiints under section 408 of the Compai)ies
Act 2006. The surplus for the )'ear deali ii.ith in tlic fuiancial statements of thc charitablc coiiipan). was
£866,343 (2022- £471.333}.
23

Tettenhall College (Incorporated)
{A Company limited by guarantee)
B4lance sheet as at 31 August 2023
(Company number 141727)
These financial statem¢nts were approved by the Governing Body on Ib.AP£JL 2024 and were signed
on its
If by-.
J F Woolri
(Chairtnan of Ihc Govcrning Body)
The notes on pagos 26 to 42 forni part of these financial Statements
24

Tettenhall College (Incoryorated)
(A eompany limited by guaran¢ee}
Consoli(lated cash flow statemeot for the year ended 31 August 2023
2023
2022
Lyet cash outflow from operations
Net cash provided by l (used in)
operating activities
1,779J28
1,081,071
Casb flows from investing activitie5:
Payments for tangible fixed assets
Proceeds from sales of tangible fixed
assets
(43]2￿)
(29.577)
Proceeds on sale of inv¢stm¢nts
Investment in¢om¢ and bank interest
received
Net cash used in investing a¢tivi¢ies
5,000
5,000
7,119
(419.171)
(24,577)
Cgsh flows from financing activitie5:
Loan r¢paym¢nls
Financ¢ ¢05t5 paid
Net cAsh used in financing activities
{169,987)
(98JOI)
(119,626)
(80,593)
(268288)
(200.219)
Change in cash and cash equivalents in
the reporting period
1,091169
856.275
Cash and deposits at 31 August 2022
lJ61J74
505,099
Cash and dew)sits at 31 August 2023
2,453243
1.361.374
ReconciliAtion of net illCOTne to net cash flow fn)m operating activities
Nel inuoming resources
Elimination of non-operating cash floivs=
Investnient itEcome and bank interest
Fiiiance costs
Depreciation charg¢
Decr¢asel(increase} in sl(Kk
(In¢r¢as¢)Idecrcasc in debtors
Incrcasc/{decrease) in creditors
866J43
471,333
{7,119)
98JOI
277283
(36,796}
(96.$50)
677,1166
80,593
255,439
(5.9471
48,196
231.457
912,985
609,738
Net cash inflow from operations
1,779J28
1,081,071
The notes on pages 26 to 42 form part or these finan¢ial Statements.
25

Te¢tenhall College (Incorporated)
(A company limited by guarantee)
Notes (ormillg part of the financial statements for the year ended JI August 2023
LEGAL STATUS OF CHARITY
The College is a company li￿lted by guarantee (registerd number.. 141727) which is registered in Engjlatkd
and Wales. It registered as a ¢harity on 6ih September 1966 and its charity registrntion number is 528617.
The registered o￿tce and principal place of business is W(trod Road, Tctlenhall. Wolverliamptoii. WV6
8QX.
The principal activity of Tetienhall College is a successful co-educational. indq)endcnt day and boarding
s¢h(K)I for pupils aged 2 to 18.
ACCOUNTIIYG POLICIES
The financial statements have been prepared in accordance i￿.1th Accounting and Reporting by Charili¢s.'
Siotcment of Recommendcd Practice applicable to charities preparing their accounts in accordance ivith the
Financial Reporting Standard applicable in thc UK and Republic of Ireland (FRS102) {effe¢tive l January
2015} - (Charili¢s SORP {FRS 102)). the Financial Rew)rting Standard applicable in the UK and Republi¢
of Ireland (FRS 102) and the Companies Act 2006.
The College meets the defitkition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognis¢d al historical cost or transaction value unless Otherwise stated in the relevant accounting policy.
2.1 Going Concern
As part of the assessment made to deterwnine il going concern is the correcl basis for the financial
statements, the governors have assessed the biidgets ond foTtcasts for the next 5 years. The Governors
have reviewed the funding facilities available to die CollegJ¢ and ¢onlinu¢d support frotn the College's bank
tog¢ther with the expected ongoing demand for places and the College's future projected cash floivs. The
Governors thereforc have a reasonablc expectation that the Collcgc has adequate resources to coiitii)ue its
aetivities for the foreseeable future and accordingly Ihey also continue to adopt the goiiig concern basis in
preparirEg the financial stat¢m¢nts.
2.2 Basis of eonsolid¥tion
Tlie consolidated finan¢ial statements in¢lude the financial statements of the Collcgc and its 5ub5idiary
Iindertaking madc up to 31 August 2023. The results of the subsidiaries, as shown in note 12 are
consolidated on a line-by-line basis ivithin the consolidaied Staiement of Finatkcial Activities ("SOFA").
In Ihc College's finanLial stalements, investments in subsidiary Lindertakings are staled al cost less
provision for permanent diminution.
26

Tettenhall College {IDcorpor#ted)
(A company limited by guarantee)
Notes forming part of the financial statements for the year ended 31 AUg￿$t 2023
2. ACCOUNTILYG POLICIES (Continued)
2J Critical accounting judgements and key $ourees of estimation un¢ertaiDty
Preparation of the financial statetnents requires Govemors lo make significant judgements and estiniates.
Thc items in the fjnancial statements wher¢ these judgements and e51imate5 have been made included..
Doubtful debt provision=
Fees receivable ar¢ evaluated and a specific provision is applied to eacli account based on managyement's
judgement and experience.
2.4 Fee5 and similar earned income
Fees rcceivable and charges for services and use of the pr￿nIses. less any Bllowances, scholarships,
bursaries grdnted by the Collcgc again5l thosc fcc5, bul including contributions received from reslricled
funds. are accounted for in the period in which the servi¢¢ is provided.
2.5 Investment ineome
Inv¢sttncnt income Irom dividends, bank balances and fixed interest securilies is acLounled for on ali
ac¢ruals basis. IncoTne from investtnent propertics is accounted for in the period to which the rental incom¢
relates.
Rental income (ii)cluding incentives reeeived or paid) for operdting leases on investment property are
recognised in profit or loss on a .4lraighi line basis ov¢r Ihe l¢asc terni.
2.6 Donations, legxcies grants and other voluntary incoming resources
Voluiitary incoiiiing resour¢es are accounied for as and ii.hcll cnliileinenl arises, the atnounl can be reliably
quaiilificd and the econoinic benefit to the College is considered probable.
Vollintary income for the College's generdl purposes 15 accounlcd for a5 u[￿cstr]ct¢d and is credited lo the
General Reserve. Where the donor or an appeal has imposed tnjsl law reslriclions, voluntary incoine is
cr¢dit¢d to th¢ rclcvant restricted fund and iiicoming endoivmenls are accoui)ted for as permanent trust
capital or expendable trust capital, accoiding to ii.hctheT ihe donor intends retentioii is to be pernifti)enl or
not. Gifts in kind are valued at eslimated open market value at d)e dai¢ of g*ifL in the ¥asc of assels for
retention or consuTllPtion.
2.7 Expenditure
b.Np¢ndiliir¢ 15 accrued a5 ￿)0n as a liability is considered probable. discounted to present value for longer-
terni liabilities. Expendilure attributable to moTt ihan OT]e cost category in the SOFA is apportioned lo thein
on the basis of tlie estiniated amount altributable to each aclivity in Ihe s'ear, eiil)er by reference to staff
lime or thc use madc of the underl)'iiig assets. as appropriate. Irrecoverable VA T is included with tlie iteiii
of expenditure to which it Ttlaies.
Governance costs comprise the costs of complying ii'ith constitutional and statutory requirements.
27

Tettenhall College (Incorporated)
(A eompany limited bv guarantee)
Notes forming part of the financial statements for the >ear ended 31 August 2023
AccouprfiNG POLICIES (continued)
2.8 Tangible fixed assets
Expeiidilure on the acquisition. ¢onstru¢lion or enhancem¢nl of land and buildings costing more than
£I.000 together with vehicles, furnI￿re, machinery, ICT infrastructure and other equiptnent costing tnor¢
than £1,000 are capilalised and carried in the balance sheel at historical cost.
Otlier expenditure on equiptnenl incurrcd in the nomial day-lo-day rnnning of the Collcge is charged to the
Statcmcnl of Finan¢ial A¢livili¢s as inciirred.
2.9 Depreetation
Depreciation is provided to write off th¢ cost of all relevant tangible fixed assets less estimated residual
value based on ¢urrent market prices, in equal annual Èn5taltnents over their exp¢cled useful economic lives
as follows..
Fr¢chold land and biiildings
Fixed Asset improvements
Fllrnlture and fittings
Vehicles and equipment
100 yeaTS straight line
10 to 25 years straight line
10 years straight line
5-8 years straigyhi line
2.10 InvestTnent8
Listed investments are valued at markct value os at the ba]an¢¢ sheet date. Unrealised gains and losses
arising on the revaluation of inveslments are credited or charged to tl)e Statement of Financial Activities
and are allocalcd to the appropriate Fund according to thc'ownership" of thc und¢rlying assets.
2.1 I Stock
Siock represents goods for resale and is valued at the lower of cosl and net realisable value.
2.12 Fund accounting
The charitable funds of th¢ College are accounted lor as unrestricted or rc5trict¢d income, or as endoiiimeiit
capital, in accordance ii'ith the terms of tTUSt imw)sed by ihe donors or an}, appeal to whiLh they ii)ay liave
responded. Endoivmcnt fund5 arc further sulFdivided llito peniianent and expeiidablc.
Unreslri¢led income belongs lo the Collcgc s ¢orporat¢ rc5¢rv¢5, spendable al tl)e discrclioii of the
Goveriiors citlier to furthcr the College s Objects or to benefit the College itself. Wl)ere tlie Governors
decide to set aside any part of these funds to be used in future for some specific purpose, this is ac¢ounted
for by transfer to the appropriate designated fund.
Restricted incom¢ ¢ompris¢s gift4 legacies and grdnts ivhere there 15 no capital retention obligation or
power bul only a tnist laiv restriction to some specific purpose intended by the donor.
Permanent endoivment arises where a donor intends the gift to be reiained pennanently for usc by the
Collcgc or for its finanLial benefit (i.e. b), invcstfflcnt).
2.13 Pension costs
Retiremeiit benefils to employees of the College are provided through two pension schemes, one defiiied
benefii and one defined contribution. Th¢ p¢n5ion Costs chargcd in the Statement of Financial A¢tivities are
dclemiined as folloivs..
28

Tettenhall College (Incorporated)
(A company limiled by guarxntee)
Notes forming part of the finaneial statements for the year ended 31 August 2023
ACCOUNTIIYG POLICIES (continued)
(a)
The Teachers, Pension Scheme
This schewn¢ is a mulii-cmploy¢r pcnsion scheme. It is iiot
possibl¢ to identifj, thc College's share of the underlying assets aiid liabilities of the Teachers,
Pension S¢heme on a consistent and reasonable basis and thcreforc, as required by FRS102, it
accounts for the schem¢ as if il iver¢ a defined contribution scheme. The College's contributions,
which are in aecordance iiith the recomFncndations of the Government Actuary. are charged in
the ￿rIOd &n ivhich th¢ salaries to ivhich tlie). relate are pa)'able.
(b)
The Tettenhall College Groiip Personal Pension Plan
This is a defined ¢onlribution group
personal pension plan ivith Aegon. Einployer's pensions costs are charged in the period in wl)ich
the salaries to which they relate are payable.
2.14 Operating leases
Rentals under operating leases are charged on a stsaight-line basis over the lease tenn, ¢v¢n if tli¢ payiiients
are nol mic de on such a basis. Benefits rcceived and rtteivable as an incentive lo sign an operaiingi lease are
similarly spread on a strdighi-line basis over the lease tern].
2.15 Financial instruments
Basic finaiicial instrnmcnts are initiall) recognised at Iransaciion value and subsequently measiired at
amorlised cost Ivith ihe cxceplion of inv¢slm¢nts and cash at bank and in hand ii.hicli are held at fair value.
Cash at bank and in hand is defined as all cash held in instant access bank accollllts and iised as ivorking
capital. Financial assets held at ainortised c05t comprise trade and other debtor5. A specific provision is
ade for debts for iyhich recoverdbility. is in doubt. Financial liabilities held at amortis¢d cost comprise all
creditors exc¢pl Social security and other taxes and provisions.
CHARITABLE ACTIVITIES- FEES RECEIVABLE
2023
2022
Fees receivable consist of..
School f¢¢s
Les5'. total scholarships and bursaries
8J26J83
1644 135
6,860,739
1488 955
CHARITABLE ACTIVITIES- OTHER INCOME
2023
2022
Transwrt
Surplug on pupils, rechargeables
School trips
SqLiash Academy
Other
Slimmer Camp
Uniforn) shop
32.819
726
57,783
8J.$0
8.705
21,900
103 714
29,745
393
30,286
7,750
27,830
29

Tettenhall College {Incorpornted)
(A company limited by guarantee)
Notes forn)ing part of the financial stalements for the yegr ended 31 August 2023
OTHER TRADING AcfiviTIES
2023
2022
Trading income
Hire of facililies- Schijol
Hire of facilities- Tettenhall College Enterprises Limited
848
293 314
128
142993
GRANTS AND DONATIONS RECEIVABLE
Unrestricted
Restricted
Endowment
Totxl
2023
Total
2022
Development donation5
PTA
Pupil
Legacy
Old Teltetihallians
lJ50,000
10,089
50
383
125,000
4,139
10,089
383
30
433
I J60,089
1?60522
129,169
ANALYSIS OF EXPENDITURE
Slaff costs
(note 9)
Deprecialion
(note 11)
Other
Tol*l
2023
Total
2022
Charitable expenditure
Ediicalion
Teaching
Welfare
Premises repair and maintenance
Support costs and governance
Ii)terest payable
3,320.524
366.667
223,624
417,268
18.129
503,730
689.653
768,917
710,873
98,301
3,842J83
1.056J20
1251,695
1,128,141
98JOI
3245,746
914,666
1,083,028
942,563
259,154
Total charitable expenditure
4J28,083
277283
2,771,474
7J76,840
6,266.$96
30

Tettenhall College (Incorporated)
{A compally limited by guarantee)
Notes forming part of the financial statements for the year ended 31 August 2023
COVERNANCE COSTS
Governance included in support Costs:
2023
2022
Remuneration paid to auditor for audit services
Other governance costs
18,970
lJ20
20,100
1.200
20290
21,300
Travel expenses were reclaitned by no members (2022.. 0) of the Governtng Body.
During the year. indemnity insiirance was in place to cover the ITability of the Governors and other officers
in r¢5PeCt of n¢glig¢nt default, brcach of tru51 or brcach of duty.
STAFF COSTS AND RELATED PARTY TRANSACTIONS
2023
2022
The ag'greg)ate payroll costs for the year We￿ as follows:
Wages and salaries
Social security. costs
Other pension costs
3,529,519
324,793
473,771
3.058,914
280,344
418,825
4J28,083
3,758,083
Noiie of the Governors received any remunerdtion or other beiiefits frimll Tettenhall College or froin any
connected body.
Aggregate employee knefits of key m8nag¢ment ￿rSOnnel
544,624
503,047
2023
2022
Number of patd employees in bands of..
£50,00 I to £60,000
£60,00 I to £70,000
£70,00110 £80,000
£80,00 I to £90,000
£140,00 I to £150.000
The number ivith retirement benefits accniin8 in Defined Benefit schemes
ivas
31

Tetlenhall College (Ineorporated)
{A company limited by gu2rxDtee)
Notes forming part of the finaneial Statements for the year ended 31 August 2023
College pension contributions for thes¢ employees amounted to £56,861 (2022.. £52.079)
STAFF COSTS AND RELATED PARTY TRANSACTIONS {eontinlled)
The average number of the College's employees during the year was:
2023
2022
Teaching
Welfare
Premises
Suptx)rt
80
17
74
15
12
16
117
16
124
10. NET INCOMING RESOURCES
2023
2022
This is stated after charging
Depreciation
Operating lease rentals
ALiditors' rcmuncration.. audit Se￿iceS (¢xclusive of VAT)
Auditors, remuneration.. non-audii services (excliisive of VAT)
277,283
38,744
16J08
I,ioo
255,439
40,716
16.750
1,000
32

Tettenhall College (IncoTporated)
(A ¢ompany limited by guarantee)
Notes forming part of the financial statements for the year ended 31 AMgu5t 2023
11. TANGIIILE FIXED ASSETS
Group COll￿e
Freehold
land
buildings
Vehitle5
and
equipment
Assets under
the cout3e of
¢on5truction
Furniture
and fittings
Total
Cost
At I September 2022
Additioiis
Disposals
8237,661
379,491
821,644
29077
323,255
21.922
115,297
9,497.857
431,291
At 31 August 2023
8,617,152
851521
34.S,177
115,297
9,929,147
Depreciation
Ai I Sgpteniber 2022
Charg¢ for thc year
Disposals
1.569211
194*73
566,571
64281
296,978
18.129
2,432,760
277283
At 31 August 2023
1,764,084
630,852
315,107
2,710,043
Net book value
At 31 Augus¢ 2023
6,853,068
220,669
30,070
115,297
7,219,104
Al 31 Aiigust 2022
6,668.450
255.073
26.277
115,297
7,065,097
All tangiblc fixed assets arc held for use on charitable a¢tivilies.
33

Tetlenhall College (Incorporated)
(A company limited b) guarantee)
Notes forming part of the finan¢ixl statements for the year ended 31 August 2023
12. INVESTMENTS
C*roiip
College
2023
Group
2022
College
2022
2023
At I September 2022
(D¢¢reas¢yincrease in value of investments
Addition5
Disposal
Investmellts at 31 August 2023
Inve5tment5 comprise:
126,036
2J22
126,136
2J22
134,591
(3,555)
134,691
(3,555)
(S.INMI)
123J58
(5,000)
123,458
(5,000)
126,036
(5,000)
126,136
Listed investments
Eqllities
Transact Portfolio
Subsidiary
Tetterthall College Ent¢rprises Ltd
123J58
123J58
126,036
126,036
loo
100
123J58
123,458
126,036
126,136
Tettenhall College Ent¢rpri5¢s Ltd is l OIP/o owned by thc Collcgc. Th¢ ￿gIStered O￿lee is Wood Road,
Tettenhall. Wolverhi1nipton, WV6 8QX and its registered number 11293295. The profit for tlie period
ended 31 August 2023 ivas £62.163 {2022- £82.298). all of which was donated lo the Collcgc. Net assets at
31 August 2023 were £1 00 (2022= £100).
13. DF.wfoRS
Group
2023
College
2023
Gloup
College
2022
2022
Fees and extras
Otlier debtors
Amounts o¥%'ed from subsidiary undertaking
Loan to subsidiary undertaking
Other prepayments and accrued income
321,070
7,797
321,070
1,172
167,264
70,01)O
169,833
729J39
313,471
6,516
313,471
3.133
173,485
169,833
498,700
82,162
402,149
82,162
572,251
34

Tettenhall College {Incorporated)
(A Company limited by gu8rglltee)
Notes forming part of the financial statements for the year ended 31 Allgu$t 2023
14. CREDITORS: amounts fglling due within one year
Group
2023
College
2023
Group
2022
College
2022
DeFK)Sits from parents
Mortgage loans (see note 16)
Fees received from parents in advance of terni
Trade creditOT5
Taxation and social security
Other creditors
Accruals and dcfcrred incojne
401,140
176J65
,612,166
283,1100
92,973
66,774
270247
2.903.165
401,140
17606.
1,612,166
228WI
93 J27
264,839
169,987
1.194,664
221,434
113,871
57,157
196,468
2.218,420
264,839
169,987
1,194,664
187,969
106,474
51,453
187,240
2,162,626
255.682
2.831,566
Fees in advan¢¢ r¢pr¢sent payment for lees relating to tem)s within the 202312023 financial year.
Movements during the year ivere:
Group
2023
College
2023
Group
Collegye
2022
2022
Balance at I September
Resources deferred d41ring the year
Amolints released froEll previous years
Balance at 31 August
,194,664
1,194,664
1,095208
1,095208
.612,166
1,612,166
1,194,664
1,194,664
(1,194,664) (1.194,664) (1,095,208) (1,095208)
,612,166
1,612,166
1,194,664
1,194,664
15. CRF.DITORS: amounts falling due after more than one vear
Group
2023
College
2023
Group
2022
College
2022
Mortgage 103ns (se¢ not¢ 16)
2504264
2,504264
2,681,128
2,681,128
35

Tettenhall College {1￿corpOrated)
(A company limited by guarantee)
Note5 forming part of the financial statements for the year ended 31 August 2023
16. MORTGAGF. LOANS
Group and College
Al the balan¢¢ sheet date. the mortgage loans were ff payable as follow5..
2023
2022
Within l year
In 1-2years
In2-5years
In more thall 5 years
176,865
182,881
587,289
1,734,094
169,987
176,865
567,963
1,936,300
2,681,129
2,851,115
The loans are secured by fiT5t l¢gal charges over the College's freehold propety. There are two loans
¥vhich b¢ar fixed interest rales of 2.840/0 and 4.9W/o and are being repaid by monthly instslments. Thes¢
loans ivill repaid by November 2035 and March 2036 respeclivel),.
Loan inter¢st charged to the Sialemeni of Financial Activities amounted to £98.301 (2022.. £80,593).
17. FINANCIAL INSTRUMENTS
Group
2023
Groiip
2022
Financial assets measured al fair value (b)
322,240
297,152
(a) Financial assets include fee debtors. staff loans and other debtors
(b} Financial asset5 hcld at fair value include assets held as invesln)ents and cash
(c) Financial liabilities include deposits. fccs in advan¢e. tradc creditors. and other creditot
18.
LEASES
Group and College
At 31 Augu￿ 2023, the Coll¢gc had the folloiving commitments under non-cancellable operating
leases..
2023
2022
Operating leas¢s iyhich expire=
Within one year
Within two lo five )'ears
28,086
14,315
36

Tettenhall College (Incorporated)
(A company limited by guarantee)
Notes forming part of the financial statements for the year ellded 31 August 2023
19. FUNDS OF THE COLLEGE
The College's fiinds are analysed under the following heading5'.
ENDOWED FUNDS
The Clay endowmeni fund repTesents investments gifted to the College to be held as capital.
b)
RESTRICTED FUNDS
Development Fund
This represents donations ff¢¢ived for a specific purpose. namely the continuation of the Tettenhall College
Capital Development Plan. Thcsc funds have E*en used for their inlended putW5e and thc vosts wei'e
capitalised as unrestricted funds. Accordingly, th¢ balan¢e on this fund lias now been transferred to
unrestricted funds.
Towers Roof Fund
'I'liis represents donations received for a specific purpose, namely th¢ replacement and repairs of tl)e
Toivers roof.
37

Tettenhall College {Incorpor*¢ed)
(A company limited by gu2ran¢ee)
Notes forming part of the financial statements for ihe year ended 31 August 2023
19. FUNDS OF THE COLLEGE (CONTINUED)
Aston legacy
A number of painlings and iw)ok5 were left lo the College in November 2017 by forni¢r pupil, Mr Aston.
The estimated value of thes¢ is £20,000 and they are hcld as fixed assets.
Other restricted funds
The other funds represent donations received for spe¢ifi¢ pun)oses which have been used as intended.
UNRESTRICTED FUNDS
Un￿striCted funds repre5eni accumulated income from the College's activilies and oiher resources that are
available for the generdl purposes of the College.
20. ANALYSIS OF NET ASSETS BETWEE1¥ FUNDS
At 31 August 2023
Endowed
Restricted
Unrestricted
Total
Taiigible fixed ass¢ts
Iiivestments
Net ciirrenl liabilities
Long lemk liabilities
20,OIKI
7,199,104
(i 0.000)
(1,196.483)
(2504264)
3,488J57
7,219,104
123J$8
175)357
(2,504,264)
5,014,055
133J58
16,640
lJ55.71)0
149,998
lJ75.700
Al 31 Augiist 2022
Endowed
Reslricled
Unresli'icled
Tulal
Tcingiblefixed assels
SeciirilieJ inve.¥lmenl.
NL'( Lzirrenl liahililie.
Long lerni litsbililie5
20.000
7,045,097
(5,000)
(386.955)
(2.681, 128)
3.972.014
7.005,097
126,036
[304,015)
(2.68J, 128)
4.145,390
131,036
16,640
5, 700
147,676
25. 700
38

Tettenhall College {Incoryorated)
(A company limite(t by guarnntee)
Notes forming part of the finaneigl stalements for the year ended 31 August 2023
21. SUMMARY OF MOVEMENTS ON MAJOR FUNDS
At 31 August 2023
At I Ineoming Resources
Gainsl
Sept resources
expended (Losses)
2022
Funds
transfer
At31
August
2023
Unrestricted funds
General reserve
3.972,014 7217,959
7,701,616
3,972,014 7217,959 (7,701,616)
3,488,357
3,488J57
Restricted funds
Aston paintings
OT Bursarial Fund
OT Toivers Restoration Project
OT Boarders Fiind
OT Scholars PrograTllTne
PTA donation re projcclor
Towers Roof
20,(KIO
20,000
50
2,650
I,-wo
1,500
2,650
1500
10,089
lJ50.0
25,700 1 J60,089
(10,089)
1,350,000
lJ75,700
(10,089)
Endowed - Permanent
Clay eiidoivment
147.676
147,676
2J22
2J22
149,998
Total Funds
4,145J90 8578,048 {7,711,705)
2?22
5,014,055
Ai 31 AugiLsI 2022
Ai l Jiicomiiix Re5011rceJ
Gaiiis/
Scpl resources
wended (LoJse&)
Fiinds
Iruiisfer
Ai31
Aiigiusl
2022
2021
Unres¢ricledfiiiiiLs'
Genei'L71 re.sorvé'
3,500,681 6,872.218 (6,400,885
3.500,681 0,872.218 (6,400.885)
3,972,014
3, 972,014
Reslricledfiiiids
20.000
io
2.650
l.iOO
1.500
20,000
50
2,650
1.500
1.5UU
OTBiirsoriiil Fiind
OT ToiverA Reslvralion Projecl
OTBo¢ii.der.% Fiintl
OT.gLlic)I(￿.¥ Programme
PTA donaliun Toifv'ers kilchen
4. 139
4.139
25, 700
14.139)
25, 7QO
Eitdfjwed- Permnnenl
C'lcij, epicliiitriiiciil
151,231
(3,555)
147.676
151.23J
(3,555)
147,076
Tot(Il Fiiiid3
3.077,612 6,876.3) 7 [6,405,024) (3,555)
4, J45,3SIO
39

Tettenhall College (In¢orporated)
(A company limited by guarantee)
Notes forming parl of the financial statements for the year eDded 31 August 2023
22. PENSION SCHEMES
Retirement benefits lo employcc5 of the College are provided through onc defincd b¢ncfit schcme and one
defitted contribution scheme. iihich are funded by the College"s and employees, contributions.
Defined benefit sehemes
The College participales in the Teachers, Pension Scheme (*he TPS") for its leaching staff. The pension
charge for the year includes contributions payable to the TPS of £387,972 {2022.. £345,256) and al the
y&gr-¢nd £47,211 (2022 - £40.703) was accrned in respect ofcontributioiis to this sclierne.
The TPS is an unfunded multi-employer defined ￿nefIts pension scheme govenied by The Teacliers,
Pensions Regulations 2010 (as amended) and The Teachers. Pension Scheiiie R¢gyulalions 2014 (as
amended). M¢mbcrs contribute on a '"pay as you go" basis Wth Contributions from meinbers and the
employ¢r bcing crcdilcd to the Exchequer. Retirement and othcr pcnsion benefits arc paid by publi¢ fiinds
provided by Parliament.
The ¢mploy¢r contribution rate is sei by the Secretary of Stste following scheme valuation5 undertaken by
the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as 01
31 March 2020 and the Valuation Report ivas published in (ktober 2023.
rollowing the Mccloiid jiidgement, the remed), prowsed that ivhen benefits becotne payable, eligibl¢
tn¢t¥tbcrs can select to receive tliem from eitl)er the refornied or legacy schemes tor the period l April 2015
to 31 March 2022. The actuaries have assLEmed that members are likely to choose the option that provides
thcm iyitli tlie greater benefits, and in p￿parIng the 2020 valuation have valued the 'greater value, bcnefits
for groups of relevant tnembers.
The valliation confirnied that the employer contribution rale for the TPS would increase from 23.60/0 to
28.60/0 fr()m l April 2024. EmployeTs are also required to pay a scheme administration levy of 0.080/0
giving a total employer conlribiition rpte of 28.680/0.
Defined Contribution seheme
The Tettenhall College Group Personal Pension Plan slarted in Au¥usl 2008. This is a money Plircliase
group personal pension scheme managed by Aegon. Basic contribiitions are 30/0 for the emplo}'e¢ aiid 3V/o
for the employer. The employer's contributions are charged in Ihe SIAietnent of Fiiiancial Activities in the
period in lihich th¢ salarics to iTrhich thc), rclate ar¢ du¢. The ¢mplo)¢r's ¢ontribulions in the year
amouiited to £85,7W (2022-. £73,569)- At 31 August 2023 there were £16.294 unpaid pension ¢ontributions
for thi5 schctnc {2022= £10.751).
40

Tettenhall College (Incorporated)
(A company liniile(I by guarantee)
Notes forming part of the financial statements for the year ended 31 August 2023
23. MEMBERS, FUNDS
The College is a company litnited by guarantee and does not have a share capital. The liability of eacli
member ts limited to an undertaking to contribut¢ to the assets of the College such amount as may bc
reqliired not exceedin8 £1 O in the event of the College b¢ing ivound up.
The Memorandum provid¢8 that no amouiit may be di5tribut¢d to menibers and that, on a winding Upy aiiy
surplus assets shall be given to an institution with similar objects. Accordingly. there are no equity interests
in the fiinds of the College.
24. RELATED PARTY TRANSACTIONS
The Headmaster's ivife is an employ¢¢ of thc Sch(K>l. Her appoinlmcnt iva5 made independeiiily and her
remuneration is in line ivith the School's pay policy. The Headmaster ivas not involved Tn the employment
decision-making process. The Headmast¢r'5 wifc is a member of thc K¢y Management team.
25. PROCEEDS FROM BUSINESS INTERRUPTIOIY CLAIM
In the prior year the College pursued a Biisiness Intem]ption Insurance claim regarding the loss of incom¢
due to thc Coyid paiidemic. The insuranLe ¢otnpany accepted liabilit), and pa)'menl was received in May
2023.
41

Tettenhxll College (Incorporated)
(A compally liniited by guarantee)
Notes forming part of the financial statements for the year ended 31 August 2023
26. STATEMENT OF FINANCIAL ACTIVITIES- COMPAILiTIVE FIGURES BY FUND TYPE
Year ended31 AiiRiLsi 2022
Unrestricted
Reslricled
Endowed
Fuiid3 Ivlol
Jnconie undÉiidowmertlsfronL
Cliuriluble uelivilies
.So'h()IilfL'es receivcible
AnLillory tra<ling income
her Irading aclivilies
Non-aiicillary Irading income
liiv¥Jlments
I￿vaSt￿e￿I income
Bank and oiher inleresl
VoluHlary 5011rces
Granls anddonalions
PrcKeed.f
frnm
inleri'uption claim
5.371, 784
173, 736
5,371, 784
173, 736
143. 121
J43. J2J
125,030
4.139
J29.J69
J.058,547
1,058.547
Tolol incoming rejepurces
O.X72,218
4,139
6,876,357
Expendi/Hre on."
Cliarilable acliviligs
Ecliitalion
Other Iradiitg llclivili£s
Ti'ddiAg uLlivi¢iL.s
6,262.4) 7
4.139
6. 266, 596
138,428
138,428
Tolul aKpeiidiliire
0.400.885
4,139
0,405, 024
42

Tettenhall College (Incorporated)
(A company limited by guarantee)
Detailed income and expenditure account for the year ended 31 Aug￿$1 2023
The pages that follow do not
forni part of the statutory
rinancial statement5 of the College
43

Teltenhall College {Incorporated)
(A eompany limited by guarantee)
Delailed income and expenditure g¢¢ount for the School for the vear ended 31 August 2023
2023
2022
Page
School fee5 (gross)
8J26J83
6.860,739
Scholarsbipsj grxllts and allowanees
(1,644,135)
(1,488,955)
School fees (net)
6,682,248
5,371.784
Other operating income
46
1553,816
1,366,145
8336.064
6,737,929
Direct costs
Te¢Lihing
Welfare
Premises
Support costs
45
45
45
46
3042 J83
I,Oi6J20
]251,695
1.128,141
3.245,746
914,666
1.083,028
942,563
{7,278539)
(6,186,003)
Operating (deficitvsurpltts for the vear
957525
551.926
Interest receivable and similar income
Interest payftble
46
46
7,119
(98?01)
(80,593)
Deficit on ordinary 3ietivitie5 for the year
866J43
471,333
44

Teltemhall College (Incorporated)
(A £ompxn)' limited b). guarnntee)
Detailed ineome And expenditure *e¢oun¢ for the School for the year ended 31 Augusi 2023
2023
2022
Teaching
Teaching salaries and pensiorl contributions
EduLational materials
CoTnmission
Squash Academy
S¢hool trips
School stationery
Library
Speech day expctkses
Prizes
School nin
Deprcciation & loss on disposal:
Educational equipment
3 J20524
103,46
223,183
6094
57,783
12J94
3,470
IOJ42
120
86,084
2.900,923
78,422
116,188
5.845
30.586
7,822
5,348
6.950
1,821
77,689
18,129
14,452
3,842J83
3.245.746
Welfare
Salaries and wages
Sodcxo
Provisions
Surgery
Cleaning materials
Laundry
Bedding and linen
Catering costs
366,667
601226
18272
6,622
35,669
7,294
4,408
16,162
304,985
522,799
14,488
7,142
34,658
9.280
4,428
16,886
1,056?20
914,666
Premises
Rates alld ii'aler
Heating and lighting
Insiirance
Salarie5 and wages
Property repairs atkd maintenance
Fumitiire and fittings
MeLhanical and outdoor equipmenl
Depreciation &1055 on disposal-
Building>s
Fiirniliire and fittings
82,409
81,357
216,812
40,761
202,934
252,339
2,347
45,492
51204
223,624
267J23
7,226
62,901
194,873
64281
179,693
61,293
,251,695
1,083,028
45

TettenhAII College (Incorporated)
(A compan) limited by guarantee)
Detailed income and expenditure account for the School for the year ended 31 Augus¢ 2023
2023
2022
Support Costs
Clerical salaries
Telephone and postage
Office and stationery
IT
417268
30,146
52,042
76,892
8,719
185,689
2,284
201,114
349,241
26.228
10,693
69,432
Retention events
Publicity
Incid¢nta15
Bad and doLibtFul dcbt provi5i0lI
Bank rhargcs
Profcssional charges
Audilors, remun¢ration
Financing charges
200.619
16,340
174,455
15,616
64,529
8,150
7,260
111534
17290
8098
1.128,141
942.563
Other operating income
Sehool run
SurplLlS on pupils. insurdnce and rechargeables
School trips
Lettings and renl received
SqLiash Academy
Summer Camp
(hhcr iiicome
Donations
32,819
726
57,783
29,745
393
30.286
127
7,750
27,830
1,058,547
211,467
8J50
21,900
1,422,685
lJ53,816
1.366,145
Inlerest receivable and similar income
Bank deposit and fixed lem interest
7,119
Interest Payable
98JOI
80,593
46