Page 10 - Annual Review - Year Ended 31 July 2023

Chairman’s Statement
The The energy enthusiasm and diligence of The The College community throughout the 2022-23 year has been exceptional and I would like to extend my thanks and and congratulations to the staff parents alumni and and particularly the pupils that make this possible There has been much to celebrate with another year of strong A-Level IB and GCSE results Pupil recruitment continues to be among the the highest in in the the College’s 159- year history The Downs Malvern Prep School officially become part of of the Corporation of of Malvern College and our international schools are going from strength
to strength
with Malvern College Tokyo opening in in September 2023 albeit Malvern College Switzerland closed in July 2023 2022-23 has been a a a a a year of consolidation post-pandemic with a a a focus on excellence and efficiency across our educational and operational teams This has been vital to mitigate the the impact of persistent cost inflation across the the UK and to ensure resilience in the the event of the the possible loss of of charitable tax benefits most notably the threat of of VAT being added to school fees potentially as as soon as as April 2025 Despite these pressures The College and The Downs together delivered a robust EBITDA of £0 9m for the 2022-23 year supplemented by £2 2m of contribution from our international schools and other commercial activities The The The merger of The The The Downs and The The The College has been a a a positive step forward allowing the two schools to act fully as ‘one school two sites’ Under the leadership of Andy Nuttall as as Headmaster since March 2022 The Downs has gone from strength
strength
to strength
strength
with year-on-year growth in pupil numbers and a a a myriad of improvements to the the educational offer culminating in in in the the complete refurbishment of the Music School in Autumn 2023 Sadly in July 2023 at the the end of the the Summer Term Abberley Hall prep school closed its doors for the last time despite the extensive educational and financial support of The College over the last 4 years 10 MALVERN COLLEGE (INCORPORATED UNDER ROYAL CHARTER)