Tettenhall College (Incorporated) (A company limited by guarantee) Annual Report and Financial Statements For the Year Ended 31 August 2025 Rcgisicred Numbcr 141727 C.hariry Number i28617 Tettenhall College A LEADING DAY & 80ARDING SCHOOL FOR BOYS ANO GIRLS. AGED 2 . 18 TETTENHALL COLLEGE (tNCORPORA TED) (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) Statemenl of Financial Aeéivities for the year ended 31 August 2025 Cott¢ents Page: Governors. officers and advisers Atmual R¢p()rt of the Governors Strntegi¢ Rcport Statement of Accounting and Reporting Responsibilities 19 Independent Auditor's Report 23 Consolidated Statement of financial activities 24 Balance Sheet (Group and Company) 26 Cash flow Statement 27 Notes to th¢ financial statements Tettellhall College (IDcoTporated) (A company limited by guarantee) Governor5 Officers 2nd advisers Goveriiors, Directors and Charity Trustee Thc Governors of Tcttenhall College ("the College") are the College's ¢harity trustees under charity law and th¢ direLtors of the charitable comwdny. The memkrs of the Gov¢rniAg Body who served in offi¢¢ as Gov¢mors during the year and subsequently a￿ detailed below. Mr J F Woolridge, CBE, DL, Bsc (Hons) (Chairman) Mrs J Parker, (Vice Chairman) MBE, JP. MCSP . Mrs C L Hammond, BA Mr S Maddox A.B. Eng ACIOB, Mrs S J Isbister Mr A Wynne LLB (Hons) Q Prof S Chung JP FCIOB MRtCS FCABE PPRtBI Mr T J Bcech fvIA Mrs R Sidhu LLB (Hons) Mr'l. P Bructon BA (Hons) Econ, FCA Mr A Gayler (Appointed 13 September 2025) Chair of Finance Committee Chair of Planning & Estates Commlttee Chair of Education Committee Chair of Marketing Cornmittee The Executive Committee sits as required and is constituted of Governors appropriate to th¢ la5k. Thc Governors ar¢ elccted at a full Council of Governors meeting. The Council of Governors consists of a maximum of six nominated GovemoTS and nineteen Govemors appointed by the Council of Governors. the nominated Governors being: Not more than four meTnbers to be noTf]inated by the United Refornied Church or its successor. Not more than hyo members to be nominated by the Baplisi Union of Great Britain and Ireland or its successor. All Govemorn are currently m¢mbers of all commite¢s. Officers Headmaster Mr C J McAllister BA (Hons). QTS, NPQH (Headma51er) Secretary and Bursar Mr C S Way Bsc (Hons) Clerk to the Governors Mr R J Ennis LLB Company number 141727 Charity niimber 528617 Principal Address and Registered office W(KMJ Road, Tettenhall. Wolverhamplon, WV6 8QX Website wwiv.tettenhall¢ollcgc.co.uk Tettenhall College (In¢orpora¢ed) (A company lÉmited by 2u•rantee) Governors officers and advisers Adviser Bankets Lloyds Bank PLC. Queen Square. Wolverhampton, IVVI I UE Solicitors Rees Page, 8-12 Waterloo Roa￿ Wolvcrhampton WVI 4BL Auditors Croive U.K. LLP. Black County House, Rounds Green Road. Oldbury. West Midlands, B69 2DG Insurers Marsh Limited, Castlemead. Lower Castle StrccL Bristol, BSI 3AG Tettenhall College (Incorporated) (A company limited by guarantee) Annual Report of the Governors for the year ended 31 Augusi 21125 The Governors pr¢s¢nl their Annual Report for the year ended 31 August 2025 under ihe Charities Act 2011, including the Directors, and Strategic Rep)rts under the Companies Act 2006. together with the audil¢d financial statements for thc year. REFERENCE AND ADMINISTRATIVE INFORMATION Tettenhall College was found¢d in 1863. It is constituted as a company limited by guarantee registered in England. No. 141727, and is registered with the Charity Commission under charity number 528617. Details of the Tll¢tttlKrs of the Governing Body. together with the Coll¢g¢'s offi¢¢rs and principal advisers, are given on pages 2 and 3. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Documents The College is governed by its Memorandum and Arti¢l¢s of Associat&on. which date fmm 1915 and were la51 Iipdated in 2009. Governing Body The governing body of the College is the Council of Govcrnors, details of ivhich, including information on liow the members of thc governing bod). arc appointed to offi¢e, are sel out in page 2 abov¢. The Coun¢il of Governors detemiine the general poli¢y of the College. The day-ttrday management is delegated to th¢ Headmaster and the Bursar. Recruitment and Training of Governor The College's Govemors are apwTrinted at full Council of Governors meetings on thc basis of iioiiiinations rec¢iv¢d taking account of the Council's specifications conccrning eligibility. pcrsonal COM￿lenCe. specialist skills and local availability. N¢iv Governors are inducted inio the is'orkings of the College and receive a copy of guidance issiied by the Association of Governing Bodies of Independent sch(￿15 {AGBIS) aiid thc College's "GovcrnanLe at Tettcnhall College" handbook that sets out memb¢rship, Inemornndum and article& cotnmittee Stnlctu￿. ierms of reference, and procedures including appointment and induction of n¢iv Governors. Specific training for Govcrnors is provided by AGBIS iyiih particular referen¢¢ lo the governance issues Cotmecied with a charitable orgaiiisation. OrganisatioMal MAnagetnenl The Governors. as the charity Truslees of the College, are legally responsible for the overall management and control of the College and meet at least thrce times a year. Thc Executive Committee, chair¢d by the Vice Chainnan, Mrs J Parker me¢ts ivhen required to consider procedures such as Ihe el¢cÉion of new Governors. officers ol the Council and appointment of a neiv Headma51¢r or Bursar. The Finance Cominittee meets specifically to approv¢ budgets and finalise the auditcd financial sts¢ements and annual report for approi'al by the Council, and at other litnes as necessary. The Chairnian of the Finance Committee is Mr T Bru¢lon. Other principal committees are the Planning and Eststes Committee, chaired by Mr S Maddo& lh¢ Edu¢ation Commiltee. chaired by Mrs J Parker aiid the Marketing Committee chair¢d by Mr A W}'nne. Other COTllTnittee members are listed oll page 2. Each of these committees meets once a tenn beforc meetings of the Council. Sub-committee tneelii)gs arc licld for Safeguarding and for Hcalih and Safely. Minutes of these meetings are distributed to all Govemors and are rep)rted upon al fLIII Council meetings. Tettenhall College (In¢orporaied) (A company limited by guarantee) Annual Report ofthe Governors for the year ended 31 August 2025 The day to day running of the College is delcgated to thc Headm&ster. suptK)rted by his Senior L¢ad¢rship Team, of which the Bursar is a memb¢r. Together this group ar¢ the key management personnel. The Headmaster ai)d the Bursar attend meetings of the above commtttees" The Fl¢&d of the Prcparatory Schiwl. Deputy Heads and otlier members of staff attend committcc meetings os required. Remuneration is set by the Board, with the policy objective of providing appropriate incentives to encourage enhanced perforn)anc¢ and of rewarding fairty and reswTrnsibly individual contributions to the College's success. The appropriateness and relevance of the ffmuncration policy 15 ￿vI¢W¢d annually, including reference to mparisons ivith other independent s¢hiKJls to ensure ihat the College remains sensitive to the broader issues of pay and employtnent conditions e15eivher¢. tklivery of the College's charitable vision and purpose is primarily dependent on our key managemcnl personnel and staff costs are the largesl Slngle element of our charitable ¢xp¢ndilure. College Structure and Relationship5 The College actively sup]N)rts the attainment of the highesl standards in the Indcpendenl Schools sector, partly through n¢hvorking with othcr schools and partly through peer gmup studies for the evaluation of quality and perforn]ance improvemenl methods. We ¢o-opcrale with many local organisations in our ongoing endeavours to widen public access to the schooling w¢ can provide, to optimise the educational use of our cultural and sporting facilities and to a%Yaken in our pupils, in the public interest, an awareiiess of the social conlext of the all-round education they receive al the College. The College also benefits from the generosity, of a thriving nelivork of Old Tettenhallians whose ¢lose support ive gr¢aily appreciate and gladly acknowledge. The Colleg¢ also has a strong relationship iyith a dedi¢alcd Parents and TeaLhers Association ivho both support and run events lor both pupils and parents as ivell as providing funding for areas of the Colleg¢ thcy wish to sllp￿rt. Governance In line ivith generally accepted best practice for corporalc governance, regular reviews of the Board's range of Skills and financial and other ¢ontrols and procedures are undertaken as 'governance audits, lo confirm that Governors mainlain the necessary personal competence in each case and also that the Board pr()toco15 for managing any emerging conflicts of personal inl¢r¢5ts remain fully effeclive in practice. TelteMhAII College (Ineorpor*ted) (A cojnpany limited by guarantee) Annual Report of the Governors forthe year ended 31 August 2025 Employment Policy The Colleg¢ is equal OPFrf)rtunilies employer. Full and fair consideration is given to job applications from disabled persons and due consideration is given to their training alld employment needs. Consultation with employees, or their representatives, has continued at all levels with the aim of taking the vieivs of employees into account when decisions are made that arc likely to affccl their interests. Etnployees are made aware of th¢ financial and economic p¢rforfflancc of the College. Communication with eTnployces continucs through normal manageM￿t Channels in a variety of fornis and also through exceptional chann¢ls to apprise statf of current issues. Investment policy and objrflives The College's inv¢stm¢nls amounted to £137,819 at 31 Augusi 2025. The investment objectives are.. revieiving the investments annually to d¢tcrniine if they provide the best use of resources for the current dcmands of the College. f possible. maintaining (ot least) the value of the investments in real tenns. producing a consistent and sustainabl¢ amount to supwrt expenditure. and delivering these objectives ivithin acceptable levels of risk. To mc¢t these objectives. the College's inveslments are Tnanaged to maintain diversificalion a¢ross a range of asset classes in order to prodiice an appropriate balance betive¢n risk and rcturn. Th¢ investtllent strategy and policy is monitored by the Finance Committee. as is investment perforn)ance. AIMS, OBJECTIVES AND ACTIVITIES Charitable Objects The College's Objects, in a¢cordance iyith its MeTnorandum of Association, are the advancement of education, including the provision of boarding an(Vor day schooling for children of knth sexes. The Colleg¢ maintains Linendowed trust funds and Te5tricted fiinds of modest proFK)rtions held for special purposes in conncclion with the development of the College's facilities as well a5 lor scholarships. bursarie& prizes and other educational purpos¢s. Mi&sion and Visioll a￿d Values The comerstone of our COTnrnunity is our vision to be the School of choice for outstanding pcrsonalised ¢ducation, inspiring every pupil lo cxcel academically and be)'ond. Our mission is to nurture our pupils to achieve their full potential and discover their uniqlie talents in educational setting where they iilljll thrive and be Iiappy. Our exceptional staff motivate piipils to embracc challenge, giving them thc b¢st preparation for lile and persoiial success. Our cor¢ values include.. Arnbition The College strives for excellence in every asp¢ct of its work and has high aspirdtions for the pupils. Rc5ilien¢e 15 encouraged by ctnbracing mistakes as leaming opw)rtunities. Tettenhall College {Incorporated) (A company limited by guarantee) Allnu21 Report of the Governors for the year ended 31 Augusi 2025 Opportunity The College fosters self-bclief and provides academic challenge. personalised suptM)rt and a breadth of learning opw)rtunities. Creativity The College has the freedom lo adapt its education to find the m05t ¢ffe¢tiv¢ way to tncct Ihc pupils, needs. The College rL'cognises that nurturing creativity is vital in t(Klay's world. Community The College has a safe and secur¢ family environtnent throughout our School. It looks to promote shared values nd respect for each other. The Coll¢g¢ wually want pupils to look outtyards, act responsibly and be¢otne valued global ¢itizens. Chgracter The College cultivates etnotional intelligenc¢, w¢ll-bcing and 5elf-respect and encourages support for each oth¢r. The coll¢g¢ l¢ads by example to promote healthy and balanced lifestyles. Intended impact Within its charitable Objects, the College's intention is lo provide a firsl-class education through strong academic liiition and by developing broader skills that enable ¢veri' pupil to rcalisc his or her potential to the full. This involves emphasis on the ¢frcurriculum through cerebrdl, SFK)rtin& artisti¢, team building and social skills. This obj¢clive biiilds self-confidence and life skills in our pupils and inculcales a desire lo learn and a willingness to contribut¢ to the wider community whilst ai School and in later life. Aims In meeting the Objects, the Council of Governors, public benefit aim is to provide a first-class independent education, Ix)th through strong aLademic tuition, and through developing iyider sporting. artistic and social skills in all oiir pupils from the ages of 2 10 18. This is intended to provide an environment Wh¢￿ cach pupil can develop and fulfil his or her potential, in order to help build self-confidence and inculcate a lifelong desire to contribute 10 the wider community. In the fiirtherance of these aims the College s Governors, as the charity Trustees, have complied with the duty in s.4 of the Charities Act 2011 io have due regard lo th¢ Charity Commission's published general and relevant sulFsecior guidance concerning the op¢ration of the Public Benefit requirement under the Act. Tettenhall College (Ineoryorated) (A eomp#ny limited by guarantee) Annuxl Report of the Governo￿ for the year ended 31 August 2025 Objectives for the Year The aim of the Governor5, Headmaster and Senior Leadership Team was to build on the solid foundations laid over the past few years and focus on recrnitmenl and retention of both knarding and day pupils so as lo return to p￿- Covid pupil numbers as quickly as posstbl¢. The Governors and Heathnaster are detnnined to make Tettenhall Coll¢gc the school of choice in thc a￿4 by continuing to focus on 115 Strcngths. The refurbishtnenl of the Boys, Boarding House has provided a modern and comfortable living and sleeping space for all boarder5 and the aim is to recruit boarding pupils to achievc near full occupancy. Within thts we MiTn to recrnit yollng¢r Ix)arders and encoltrage a diverse range of boarder's nationalities. Additional objectives were to: Maintain the s¢hool'5 high level ofacademi¢ pcrfonnance and spoits achievemenL Continu¢ to provide public access through scholarships and means test¢d bursaries" Remain competitive with local schools on Pricing but without advers¢ly effecting the high level of acadetnic and pastoral provision.. Continue to develop mutually suP￿rtive links with other schiK)Is in our IIKality and encourdge further community access to our facilities tx)th inside and outsidc of norn￿1 school hours" To continue lo impleTnent a proactive marketing campaign to raise the SCh￿)1's profile both locally and overseas. in order lo see a significant increase in boih day pupi15 and I￿)ard￿. Improve the facilities at the College. including the Swimming Pool and new IT facilities- Encrease capacity in NEEf5¢ry and Pre-schwl to improve the pupil pipeline- Look to neiv OverS￿S Tnarkets and an increase in th¢ IM)arding population at the College; and Continue to progress the restordtion of the Towers Building and renovation of internal spaces to meet in¢reasing pupil demand. Progress was made on most of these during the year as dethiled below but as they are all long temi aims they continue to be part of the obje¢tiv¢s for the future as set out on page 16. Strategies to achieve tbe primary objectii'es Our siratcgy ainis to achieve the highest academic performaT]ce by providing a stimulating learning environment Èn Ivhich all pupils can develop their wtential to the full. Cultivating a ivell-rounded developtneJ]l of thc personality in our pupils was cominensurate to Ihis throiigh provision of a happy and secur¢ pastoral eni'ironment. Pupils are encouraged to foster a sense of community. respect for each other and good citizenship. We had delemiined to ividen public acces5 to our syst¢m of sch(y)ling as much as w)Ssible within the constraints of our fi]nding as an indcpcndcnl ediication provider. Within this strateg￿. Ive ¢ontinue to l)ost an actl￿.1ty-baSed summer school and to work with local community Charities and other local ￿h0O15 lo make more effective use of Tettenhall College (In¢oTporated) (A company limited by guarantee) Annual Report oftbe Governors for the yearended 31 Augus12025 the College's facilities outside school houT5. Our strategy also encourages pupils, involvement in extra-¢urri¢ular activities with a focu5 on th¢ provision of public benefit at all levels of srts and other facilittes to many local individuals. organisations. religious bodies and charities including the sports facilitie5. swimming pool. theatre and ¢la5sri)oTns; Working with local state schools to develop fftutualty ben¢fi¢ial links in the ar¢as of sport. music and drama. The College ha5 made the siyimming Frf)ol and forest school available to other schools on a not-for-profit basis. this has included collecting and returning children in the College's own minibuses. Inviting local s¢hoo15 to use the library facilities. Members of stsff and PLipils contribute their lim¢ volunlarily lo a number of charitable causes such as Macmillan Cancer Support. Children in Need, Give as you live, Acorns Hospice. Carers Anonymous, Elle's Angels, Comi¢ Relief, Compton care. Ukrdinian charities and Summer camps and ¢vents that are open to the Ii)cal community. Beneficiaries Our immediate beneficiaries are young people ivhose aitendance at our fee-paying school can be funded by parents or guardians or else from scholarships, biirsaries or oihcr forms of charitable grant support, or a combii)ation of these. The local coTnmunity also bcnefits from appropriale access lo our facilities. The generdl public are the ultitnate ben¢fi¢iaries of our high-quality educational system and the 8real¢r awar¢nes5 of social values that il generdtes in our aluTnni. We maintain close liaison beN'een parenls. guardians and teachers. as ii'ell as with Old Tetteithallians in later life. and also with local charilies that could benefit from our facilities. By this means we are able to ensure that Ihe schooling we provide is aliYaJ"s fit for purpose. in the context of present-day S￿l¢ty. We also bcnchmark public opinion on the slanding of our school tn relation lo the i￿.ider education system, with a vieiv to finL'_tuning the public benefit iwe can provide in keeping wilh the pcrccii'cd needs of SOLiety ￿ large. vol￿nteerS 'rhc Governors are immetksel). grdteful for the tnanifold voluntary activities undertaken by the Parcnts. Association in order to help ￿'ith the School fundraising and cultural activitie5 during the year. The Govemors ivould like to lake this opportunity to sa). hoiv much thc). appreciale Parents. AssiKiation continuing and valuable support for our work. io Tettenhall College {ID¢oryorated) (A company limited by guarantee) Annual Report of the Governors for tbe year ended 31 August 2025 STRATEGIC REPORT MARKETING STRATEGY The School has ivorked hard over the last three years to devclop its marketing stralcgy lo proJnotc thc School's purpose to educate and develop confident young people who are equiptKd to lead, inspire and make a positive contribution during their time at Teiierthall College and their lÈves beyond. (hir positioning Statement is that Tettenhall College is an in¢lusive school with traditional values and a global dimension. situated ott an outstanding historic green field site with excellent facilities- where the education of the whole ¢hild comes first. A rdnge of day* full and flexible boarding options. and th¢ most conv¢nienl transport services, Èo fit with fatnily. life and work, supm this. We are now s¢¢king to achieve a mu¢h higher profile as a first-class school delivering ￿UcatIOnal excellence and itnprove mark¢t p¢netration in our key markets acTOSS a wider geogrdphic area with a strong vision for the future and clear messaging. Afier recent su¢¢esses in ivhich numbers hove risen our aitn is to create a clear marketing strategy to increase market share in the next three years, building nu￿be[4 particularly in day schoolin& to support a business model to ensure a secur¢ future for the College. The aim of this work is to.. Increase pupil numbers over the next three years and achieve an appropriate balance of day and boarding pupils. Diversify boarding numbers by recruitlng pupils from a wide rdnge of countries. Create a frameivork for marketing and admisSlOnS Ot Tettenhall College tliat is fit for purpos¢ io Tncet cl1r￿n1 trends iti the marketplace, and ivhich can be developed and adapted to meet changes in demand in future. To provide a plan to roll out a new vision for the Colle8e. raising its profile in its Catchment and building on its kcy strengths We are seeking to address the following factors that are critical to success.. A significant improvemeni in retention. especially in the Preparatofj. School loiNer years and Year I l. Addressing the day and overseas boarding imbalance in the sixth fomi and sixth fom size. Improving recruitmenl the 45-minute catchment Much clearer messaging aEK)ut the School's position in the marketplace- Addressing the perceptions inside and outside the Sch(K)l about academic drive and rigour. Increase the profile of the School iviihin new overseas tnarkets; Improve our digital pr¢s¢Fb¢C Ixith il'ithin the UK and overseas. TetteDhall College (Ineorporated) (A company limited by guarantee) Annual Report oftbe Governors for the year ended 31 August 2025 ACHIEVEMEIYTS AND PERFORMANCE Academie Succe&s Pupils at Tett¢nhall College achi¢v¢d th¢ strongest set ol examination results in more than a decade at both GCSE and A Level. We are proud of the Consistently high levels ofacademic a¢hi¢vemenl. GCSE results for 2025 showed 25.50/0 of pupils achievin8 9- 7 and 87.4Q/o of pupils achi¢ving a grade of 9- 4. At A-Level in 2025 43.1 /0 achieved grddes A¥_B and 95.4Q/• achieved grades A* E Each year, T¢ttcnhall College stiidenls progress on to some of thc IKst universities. both in the UK and inlernationally. Many of our pupils go to th¢ir fir5t-choice university, many of which Ni'ere Russell Group universilies. Some recent destinations include.. University of Bristol (Computer Sciencc) University of Ex¢l¢r {Criminology) University of Bath (Physics) and Bruncl University London (taw). Boarders, Outings A varied and busy range of FK>arder's outings took place throughout the y¢ar, with outings most weekend5 during lern)-time. A trip lo Oxford saw tK)arders immersed in history and cultur¢ as they explored this beautiful city. Boarders also experienced go-karting, paintballing and day trips to places of interest far and wide including a trip lo London lor 5ightsccing and Christmas shopping and also a day trip to Manchester. Trips also take place to traditlonal British evenls such as a pantomime. Charity Fundraising A wide range of charitable events t(M)k pla¢¢ throughout the course of the year- at Christma5, a number of themed events raised £31 S for the Young Minds charity. A group of teaching and boarding staff undertook the 3 Pcaks Chclllenge in May also to raise money for Young Minds. ID addition to this, Red Nose Day, Comic Relief and Poppy Day activities also took place to raise funds for good ¢auses. Performing Arts Th¢ Christtna5 Concert 2025 featured many of thlented pupils perforniing solo, duet and ensemble pieces beaiitifully and ivith musical sensitivity- larger enseTnbles included the Guilar Group. the College Orcheslra and both thc Preparatory and Senior Choirs singing %Trhat ivere iiicreasingl) ambitlous pieces. In December the College Cownwniinity i&'ere back in the beautiful setting of St Michael and All Angels ChurLh for the annual Carol ServiL¢ in the last i%'cek of terni. The Preparatory School were in excellenl voice as the), preseiited a variety of Christmas Carols and festive Songs. traditional and contemporary. They iv¢r¢ asslsted by the joint Preparatory and S¢nior School Choirs who delivered matuff. cojnmitted perfornianc¢s of Christtnas choral pieces. The annual Chrislmas Pla}, was ' and this pla)'¢d to audiences over 3 nighis. As always, the perforniances by the cast iv¢re cxcellenl and shoiyed the depth of talent al the College. The Senior School tnusical was "Joseph ai)d his TeehniLolour Dreameoat" and once again an exceptional cast from across tlic Sixth Fomi and Scnior School p¢rfO￿led enihusiastically to a full theatre ¢vcr)' evening. In tlie Summer Terni the Preparntory School perfomied ' with every casl member turning in a performance beyond their years. Sports Sporting provision continues to be driven by the aim to develop personal fitness through participation for all in the School and continues lo bilild and develop pupils by tneans of a strong fixture list enabling th¢ Jnaximuttb numb¢r of pupils to i¢pr¢5cnt the School in indiN'idual and ieam swrts. Increasing use of specialist coaches have played a significant part in improving the perfomian¢e of the Sports department's success. 12 Tettenhall College (Ineorpora¢ed} (A company limited by guaralltee) Report of the Governors for the year ended 31 August 2025 Squash Acadetny members are working through their Developm¢nl Awards Junior Skills Progrdmme. With each level bLiilding on ¢xisling skills and offering tnore challengÉng tasks. pupils are developing their hand to cyc coordination, ra¢ket ski115 and ball control. Considering tactics. strategy and challeiiging their understandiiig olthe game has helped them grow as players. Health & Wellbeing The Surgery wel￿med an additlollal part-ttme member of staff during the )'ear to ensure ihat help was available to pupils and stsff throughout th¢ working day. The Surgcry staff a nUTnb¢r of wellbeing initiatives as well as teaching in selected lessons. Pupils also have acttss to an ind¢p¢nd¢nl counsellor and an independent listener. Towers Restornlion Thanks lo a very generous donation. work progressed on the complete replacement of the Towers roof. this is the first slep toivards a COTnplete restoration of the outside and inside of the building. Replacemcnt of the original W¢lsh slatc continued as did the Installation on modcrn materials in areas ivhere ihey could not be 5¢¢n from the &iround. this was all under the guidance of Hisloric EnglaTkd and the local conservation officer. This has also rcqiiired large areas of flat roof to be recovered togethcr ivith the installation of neiv leadwork and associated roof dctai15. Whi15t scaffolding has been erected the opportunity has IKen taken to replace large areas of datnaged render and repair stonewot*. 13 Tettenhall College (Ineorporated) (A ¢ompany limited by guarantee) Annual Report of the Governor6 for the year ended 31 August 2025 FINANCIAL REVIEW Results for the Year The College's total incoming r¢sources for the year amounted 10 £8.006.469 (2024: £9,353.238). The net surplus for the year wa5 a d¢ficit of £629,943 (2024: £744.234 surplus} as shown in th¢ Statement of Financial Activitics. Th¢se results show the impact of the inflationary pre5surcs during the year PILES the impact of the Government policies of ihe introduclion of VAT on School fee& removal of business rates relief and National Insurance increases. Reserves Poliey The Governors have considered ihe reserves held by the College at 31 August 2025. The College needs reserves both io enable il to progress its long l¢rm aims and to fund its current activitiC5. The Governors hav¢ examined the Eleeds, risks and challenges faced by thc College in both the short and mediutn term, along with r¢l¢vant financial forecasts and have formulated a policy to meet ihe5e needs. The long-teT¥n aim is to ensure tha1 the amount of the unreslrictcd fiinds equates to the sum of: Planned or anticipated future commitments lo capital projects Financial commitments mad¢ bul not yet entered into Planned inv¢stm¢nt in Cducational in&tiatives Creditors dEie in less than one year Salary and relat¢d costs for one month to cover cashflow and contingency requirements The College's total reserves of £5.127,988 at the yearend included £174,459 endowmcnt capital, £996,855 restricted funds and £3,956,674 unrestricted income. There are cutreni free reseryes (unrestricted fuiids less the net book value of fixed asKls financed by those funds). The Governors review the reserves position annually and consider that the fulure plans outlined on page 16 will lead to an increase in reseryes in the future. Against this background, regiilar meetings iverc h¢ld IKtw¢cn th¢ Chairnian of Governors, Chair of Finance, Headmaster, Bursar and Financ¢ Offic¢r to agree actions to take and review progrcss. Thc focu5 has ken on cash availability and hoiv to prc5¢rvc this with additional support from the bank io cover any shortfall. Going Concern Uncertainty wiihin the Independ¢ni School Sector means that there is materkal uncertainty around pupil numbers and fee incom¢ and as such th¢ (iovernors accept that there is a material uncertainty as to Ivheilicr the Loll¢ge can Continue to operate as a going concern. Despite this the Goi'ernors are confident ihe Colleg¢ ivill b¢ able to ¢ontinue to operate in the next 12 months and therefore continue to adopt the going Concern basis iIi preparing the financial stalements as ouilined in Accounting Policy Note 2.1. Investment Policy and Objectives Poivers of investment are regulated by thc Memorandum of Association and adTninist¢rcd b>. the Governors. The investment objective is to maximise overdll return. i*hilst achieving an appropriate level of income. 14 Tettenhall College (Incorporated) {A company limited by guarnntee) Annual Report of ¢he Governors for the year ended 31 August 2025 Freehold iAnd and Buildings In the opinion of the Governors, the market value of the Colleg¢'5 freehold land aiid buildings is in excess of the amoiint at which it is stated in the balance sheet. However. the amount of the ¢x¢ess over net book value has not been quantified. Charity governance Clmle The Triist¢es are aware of the ncw charity governance code issued ill July 2025. In order to ensure that the charity is working in line ivith ihe code, in all ways where it is practicable to do so th¢ Governors have begun the proccss of reviewing and discussing this at Council meetings. This will be ongoing. The charity had no fiindraising activittes requiring disclosure under S162A of the Charities Act 2011. Detailed ¢onsTderations of risk are delegated lo the Headmaster. who is assi51ed by the Senior Leadership Team. Risk5 are identified, assessed and controls established throughout th¢ y¢ar. Key controls us¢d by the College include= Fornial agendas for all Committee and Council activity" Detailed terms of reference for all Committees" Comprehensive 5trate8i¢ plattning, budgeting and managem¢nl accounting; Established organisational Structure and line5 of re￿rting. Formal written policies. Cl¢or authorisation and approval level4 and Vetting procedures a5 required by law for the protection of the vulnerdble. The Governors have identified and discussed the principal risks faced by th¢ Collcgc including.. The recent economic uncertainty and downtum. Pupil demographics- Academic r¢sulis. standards and reputation. Fee levels- Credit availability, Itquidity and cash floiv forecasts= and Future development plan5. ThroLigli risk management pro¢¢sses established for the College. the Govemots are satisfied thal Ihc tnajor risks identified have been adequaiel). tnitigated i￿.here necessary.. It is rccogniscd tlial sj'stems Lan only provide reasonabl¢ but not absolute a55urance ihat major risks have been adequatel). managed. The Governors regularly review the effectiveness of currenl plans and strategies for managing all identified Inajor risks. 15 Tettenhau College (Ineorpornted) {A company limited by guarantee) Annual Report of tbe Governors for the yegr ended 31 August 2025 FUTURE PLANS The aim of th¢ Governors, Headmaster and Senior Leadership Team is to ensure the continuing financial stability of th¢ College in the face of a number of ¢hall¢tkges. Not least of thes¢ i5 th¢ impos11ion of V AT on School fees althoiigh the College has Ilone ev¢rything it ¢an to minimise th¢ impa¢t ofthis on fee-paytng parents. The Governors and Headmaster are detern)ined to make Tettenhall College the school of ¢hoice in the area by continuing to focus on its strengths. Th¢ tothl refurbishment of the Boys. and Girls, Boarding Houses have provided a modem and comfortable living and sleeping space for all knrders and the aim is lo rccruit boarding pupils to increase the boarding p)pulation at the School. Withiti thi5 ive atm to recruit younger boarders and encourage a div¢rs¢ range of EKwder's nationalities. In addition, we will- Maintain thc school's high level of academic perlorniance and sports a¢hi¢vemenL Conlinue to provide public a¢cess through scholarship5 and means tested bursaries. Remain competitive with I(￿￿1 schools on pri¢ing but without adversely affecting th¢ high Icvcl of academi¢ and pastoral provision: Continue lo develop mutually suptK)rtive links with otheT sch(Kyls in our locality and encourage further community o¢ce55 to our facililic5 both inside and outside of normal sch(K)I hours" To continue to implement a proactive marketing campaign to raise the Sch(M)I's profile both I(￿llY and overseas. in order to see a significant increase in Ix)th day pupi15 and tKMrders" Improve the facilities at the College, including the Swimming Pool and new IT facilities; Increase capacity in Nuwry and Pre-school to impmve the pupil pipeline- and Look to new overseas markcts to increase both iw)arding numbers and diversity al the College. 16 Tettenhall College (Incorporated) (A ¢omprt and the financial statements i¥ith applicable law and United Kingd(Nn Generally Accepted Accounting Prdctice (United Ktngdom Acci)unling Standards}. Company law requires the Gov¢ming Body to prepare financial stat¢Tnents for each financial year. Under that law the Governing Body have elected to prepar¢ the fmanciol stalements in accordance with United Kingdom Generally A¢¢cpted Accounting Practi¢¢ (United Kingdom Accounting Stsndards) and applicabl¢ law. Company law requires th¢ mcmbers of the Governing Body to prepare financtal ststemettts for each financial y¢ar. Under company law the Governing B(xly memkrs must not approvc the financial staletnents unless they are satisfied that they give a tru¢ and fair vieiv of the state of affairs of the charitablc company and th¢ group and OF the incomuig resources and application of resources, including the income and expendituie, of the cliarilable group for that period. In preparing these financial statements. the Governing B(KIy Tnembers are rquired to: select the most appropriate a¢counting rM)licies and then apply them consi5tently- observe the mthhods and principles in the Charitie5 SORP; make judgments and accounting eslimales that are reasonable and pnjdent. statc whether applicable A¢counting Standards have been followed, subject to any tnalerial departures disclosed and explaincd in the financial 51atements' and prepare the financial Siatemenls on the going concem basis unless il is inappropriate to presume that the charitablc coinpany ivill continLl¢ in business. The tllembers of th¢ Governing Body are responsible for keeping adequale accounting records that are sufficient to shoiv and cxplain the charitable company's Irdnsactions, disclos¢ with reasonabl¢ accurac). al any time the financial position of the charitable cotnpany and enable thctn to ensure thai the financial statements comply ivith the Cornpanies Aet 2006 and the provisions of the charity's constitution. Thcy are also responsible for safeguarding the assels of ihe charit), and Ihc group and hence for taking reasonable steps for the prevention and detection of fraud and otlier irregularities. Relevant Audit Inforniation Insofar As each of Ihe Directors, as meTnbers of the Governing B(Kly, at the date of approval of this report is aware there is no relevant audil infornialion (inlortnation needed by the Compan} s auditor in conn¢¢tioii with prepariiig Il)e audit report) of iw.hich the Company's audiiof 15 unaivare. Each mcmber of the Governing Body has taken all the steps that he or sh¢ should have taken as a member of the Governing Body in order to make himself or herself aware of ihe relevant aiidil infornjation and to establish that the Company's auditor is aivare of that inforn]ation. Auditors Crowe U.K. LLP has indicated its ivillingness lo be reapwinted as statutory audilor. 17 Teltenhall College (Incorporated) (A Company limited by guarantee) Annual Report of the Governors for the year ended 31 August 2025 Approved by the Governing Body of Tettenhall Coll¢ge on ZO M A -2026, includin& in their capacity a5 ¢0 i)y directors. approving the Directors. and Strategic Reports containd therein. and signed on it5 behalf by: Ch&imian 18 **Tettenhall College (Incorporated) (A company limited by guarantee)** ## **Independent Auditor’s Report to the Members of Tettenhall College (Incorporated)** **____________________________________________________________________________________** ## **Opinion** We have audited the financial statements of Tettenhall College (Incorporated) (the “charitable company”) and its subsidiary (the “group”) for the year ended 31 August 2025 which comprise the consolidated statement of financial activities, consolidated balance sheet, consolidated cash flow statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the group’s and the charitable company’s affairs as at 31 August 2025 and of the group’s incoming resources and application of resources, including its income and expenditure for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Material uncertainty related to going concern** We draw attention to note 1.2 in the financial statements, which sets out the challenges arising from the impact of Government changes affecting the independent school sector. In particular the budgets and forecasts are dependent on the maintenance of pupil numbers, continuing support from the bank and receipt of funds from sale of surplus land and donations in line with expected timeframes . As stated in note 2.1, these events or conditions, along with the other matters as set forth in note 2.1, indicate that a material uncertainty exists that may cast significant doubt on the Charity's ability to continue as a going concern. Our opinion is not modified in respect of this matter. In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. ## **Other information** The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other 19 **Tettenhall College (Incorporated) (A company limited by guarantee)** ## **Independent Auditor’s Report to the Members of Tettenhall College (Incorporated)** **____________________________________________________________________________________** information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion based on the work undertaken in the course of our audit - the information given in the trustees’ report, which includes the directors’ report and the strategic report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the strategic report and the directors’ report included within the trustees’ report have been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report included within the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - the parent company has not kept adequate accounting records; or - the parent company financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the trustees’ responsibilities statement set out on page 16, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 20 **Tettenhall College (Incorporated) (A company limited by guarantee)** ## **Independent Auditor’s Report to the Members of Tettenhall College (Incorporated)** **____________________________________________________________________________________** ## **Auditor’s responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. ## **Extent to which the audit was considered capable of detecting irregularities, including fraud** Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion. We obtained an understanding of the legal and regulatory frameworks within which the charitable company and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s and the group’s ability to operate or to avoid a material penalty. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. We also considered the opportunities and incentives that may exist within the charitable company and the group for fraud. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management. Our audit procedures to respond to these risks included enquiries of management and the Finance Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, designing audit procedures over income, reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with governance. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed noncompliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would 21 **Tettenhall College (Incorporated) (A company limited by guarantee)** ## **Independent Auditor’s Report to the Members of Tettenhall College (Incorporated)** **____________________________________________________________________________________** identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. ## **Use of our report** This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. Helen Blundell LLB FCA FCIE DChA (Senior Statutory Auditor) For and on behalf of **Crowe U.K. LLP** Statutory Auditor Black Country House Rounds Green Road Oldbury West Midlands B69 2DG Date: 27 May 2026 22 Teltenhall College (Incorporated) (A Company limited by guiirantee) Consolidated statement of finan¢ial aetivitÈes for the year ended 31 August 2025 Unrestricted Notes Funds Restricted Endowed 2025 2024 FuDd5 Funds Total Total INcoThe 3nd eDdowm¢nts from: Charitable activitÉes School fees receivable Ancillary trading income Other trading activities Non-an¢illary trdding income Voluntary sources Grants and donation5 Other income Bank interest 6,998.742 203.207 6,998,742 203207 7.892,614 262,538 275.359 275J59 242,436 502.937 502,937 926,751 26.224 26224 28,899 Total incoming resources Expenditure on". Charitxble #ctivities 8.IM16.469 8,006,469 9,353.238 Education 8.356.815 8J56,815 8,334.107 Otbtr trading activities TTading activitie5 Total expenditure Net incorning (outgoing) funds rrom operation5 before transfers and invtstmellt gains 289,684 8,646,499 289,684 8,646,499 289,629 8.623,736 1640,030) (640,030) 729.502 Gainl(1055) on investments Transfer between fvnds 12 9.729 9,729 14,732 495J22 {49S*22) r4et movernent in funds for the year {14421)8) {495I22) 9,729 (630JOI) 744.234 Fund balances brought forward ai I September 2024 4.100.882 1.492.677 164.730 5,758289 5,014.055 Fund balances carried forward At 31st August 2025 3.956.674 996J55 174.459 5.127.988 5.758,289 The consolidated statement of financial activities incottK)rdtes the Income and Expcnditurc account. The notes on pages 27 to 44 form part of these finallcigl slatement& 23 Tettenhall College (llleorporated) (A ¢omp*ny limited by guarantee) Balance sheet as at 31 August 2025 (Company number 141727) Note Group 2025 Group 2024 College 2025 College 2024 Fixed assets Tangible assets Investments 7,566.604 137,819 7,704,423 7,698,198 133,090 7.831,288 7,566,604 137,919 7,704￿23 7,698,198 133,190 7,831,388 12 Current assets Stock Debtors (£290,604 due in more than one year) Cash and deposits 113577 116.554 1870 1.870 13 2J64260 429.229 2,654,176 3,199,959 2,626J57 655,885 2,494,877 3,152,632 l J43J47 3021,184 1,156.056 3,784283 Current liabilities Creditors payable withÉn on¢ year 14 (4,006,157) (2.750.046) {3,969J56) (2.702,819) Net current liabilities (184,973) (449,913) (185,073) (449,813) Total assets less current liabtlities 7519,450 8,281.201 7519,450 8,281,201 tAbng-term liabilities Creditors payable after one year 15 (2J91,462) (2,522.912) (2J91,462) (2,522,912) Net assets 5,127,988 5,758,289 5,127,988 5,758,289 Represented by: Endoived funds 21 174,459 164,730 174,459 164,730 Restricted funds 21 996,855 1.492.677 996855 1,492,677 Unrestricted funds 21 3,956,674 4,100.882 3,956,674 4,100,882 5,127,988 5,758,289 5,127,988 5,758,289 Tcttenhall College (IncorFK)rated) has taken the exemption from presenting a parent Staleme¥tt of Financial Aciivilies incorrx)r8ting Income and Expenditure Accounts under section 408 of thc Compani¢s Act 2006. The surpliis for th¢ ycar dealt %vith in the finan¢ial statctnents ofthe charitable company was a defiLit of £640,030 (2024.. £729.502 surpliis)- 24 Tettenhall College (Ikncorporated) (A cotllpany limited by guarautee) B#lance sheet as ai 31 August 2025 (Company number 141727) These financial state on ils alf by= nts ere approved by the Goveming Bcrtly on .20 m8y. 2026 and were signed (Chairnian of the Governing Body) The notes pages 27 to 44 forni part of these fU￿ne1&1 statements 25 Tettenhall College On¢orpora¢ed) (A company limited by gu2ralltee) Consolidated cash flow statement for the year ended 31 August 2025 202.5 2024 Net cash outflow from operattons Net cash provided by / (used in) opcratlng activities (609.430) 1,208,872 Cash flows from investing aetivities: Payments for tangible fixed assets Proceeds from sales of tangible fixed a55ets Proc¢¢ds on sale of investtnents Investment income and bank inteffst received Net cash used in investing activities {509*20) (773,549) 5,000 28,899 26224 (478596) (739,650) Cash flows from finaneing activiti￿. Loan repayments Finance costs paid Net egsh used in financing aetivitiey {136.660) (86.143) (176,865) (91.424) (222W3) (268,289) Change in cash and cash equivalents in the reporting period (IJJOJ29) 200.933 Cash and deposits at 31 August 2024 2,654,176 2,453,243 Cash and deposits at 31 August 2025 lJ43J47 2,654,176 Reconciliation of net income to net cash flow from operating activities Nel incoming resources Elimin