2024-12-31-accounts

Registered Charity Number 1031550 Company Number 46014 INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 *AESOAEAO• 181W2025 OMPANIES HOUSE A10

121

Registered Office St. Nicholas, Church, Boley Hill, Rochester Kent ME1 1 SL

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY ANNUAL REPORT FOR THE YEAR ENDED 310ECEMBER 2024 ADMINISTRATIVE DETAILS TRUSTEES No Trustee had any beneficral inte￿t in the Company during 2024. The following Trustees seryed during 2024 and since the y•ar end.. The Rt. Rev. Dr. J. Gibbs The Rt. Rev. S. Burton - Jones- Chalr The Rev. N. Bourne The Rev. Dr. J. Bo￿n The Rev. R. Brislow Fr. J. Casler Mr. J. J. King Mr. L. Kings Mr. M. R. Llllle Mrs. A. Mcgarrigle Miss C. M, Boslock Mrs C. A. Hedman The Rèv. 8. S. P. Beckhelllng Mrs S. E. Thompson Mrs C. R. Johnston The R•v M J¢mmtrtt Cllr R. Evans The Lord Bishop of Rochester Bishop's nominated representativ• Co-oplion Diocsan Synod el?cled- clergy Diocesan Synod e￿Cted - dergy C¢)-oplion Diocesan Syno¢Y erected - lay C￿0p110n (Resigned 1 January 20251 Co-tspts'on IR•$igned 1 J)nuary 2025) Co-optlon (Resigned 1 January 2025) Co-opllon IAppolnt•d 1 January 2025) Cowoption (Appointed 1 January 2025) C04>plion (Appointed 1 J•nuary 2025) Co-oplion {Appolnlèd 1 January 2025) Cowoplion {AppoSnled 1 January 2025) C¢xipllon {AppointÈd 1 J4nu¥ry 20251 Covoplion (Appolnled 1 January 20251 The 2024 Board Rec£nslllulion ¢omposilion and rmmbernhlp Is detalled on pa9e 8 SlfUCtur• and Go¥•man¢¢. Tho ch4rlty18 r•lyln9 upon th¢ 9uldono Is¥u•d by th• Ch8rlll•s Commlsslon In r•lallon to the Induclon •nd Iralnlng ol Trusl••J. SENIOR STAFF AND ADVISERS Dlrector ol Educallon Deputy Diredor of Education John Conslontl Gemma Hr¢ch Reglslered Offic• Di0￿$8￿ Offic•, Sl. Nichol•s' Church, Bo Hlll, Rochest•r K•nl ME1 1SL Prfncipal Offi Di0¢*s4n Offi￿, St. NiGholas' Church, Boley Hlll, Rochester Kent ME1 1SL Bankers Nallonol We$tsnin$t•r Bank Plc, Chatham Branch, 148 Hwjh Street. Chatham Kent ME4 40B Audllors Crowe U.K. LLP. Medway Bfidge Hou59, 1-8 FaI￿r￿adow, Ma¢dstone Kent ME14 1JP Sollcitors Slono Klng LLP, Boundary House. 91 Charterhouse Sl.. B•fblun. London ECIM 6HR Investm•nl Advisers CCLA Investmènt Management Ltd One Angel Lane, London EC4R 3AB and Sarosln & Partn•fS LLP Juxon House, foo Sl Paul's Chur¢hyard. London EC4M 8BU Insurers E¢Glesiaslical Insurance Office plc, Beaufort House. Bfunswick Road. Glou¢ester GL1 1JZ Page 1

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees. who afe also Directors for the purposes of company law. present their annual report, together wrth the audited financial slatsmonts for the year ended 31 December 2024. The DIrectors￿ruSteeS are one and Ihe same and in signin9 as Trustees they are also signing Iht Strategic Report sections in thèir capacity as Directors. This combined report satisfies the legal requirements for.. Directors Report ol a charitable company. a Trustees. Annual Report under th8 Charities Acl 2011. MISSION STATEMENT To support and encourage the wort( of schools, ¢hur¢hes and parishes across the Diocese of Rochester in Christian distinGliveness through excellent educallon of chlklr•n and young people. LEGAL OBJECTS The InCO￿)rated Rochèster Diocesan Board of Education's objects are confimed within the objects clause of its Mèmofandum and Articles ol Associats'on which are.. To maintain and extend education in and knowledge of the Christian religion in general and the faith and pracllce of the Church ol England in particular lo all sections of the community within tha Dlocas• of Roché81or. To ¢arry out the functions of the DiorAsan Board of Education for the Dioc85e of Rochester under the provisions of Ihe Diousan Boards ol Edu¢allon Measuro 2021 and any legislallon amending, supplementing Of replacing the sarf*. The Diocese of Rochester Consolidaled Education81 Endowm8n18 were cra8led by a resolution ol the Board pa$s¢d on 9 November 1994 and are held on the tems ol the Unilorm Statutory Trusts undor Schedule 36 01 the Educalion Act 1996. In additlon Tru6t Funds aro held on ￿hall ol School8. Ploa$e roler to not• 19 in the financial Statements lor details of th• assets held in this capacity. 8TRATEGIC AIMS The Trustees and officers have continued lo work towards achievlng the 2022 - 2024 agreed triennial aims and objectives of Ihe Board which can bo summarlsed as follows. To actively promote and support Christian Distinctsveness through developing high quality teaching and learning, leadership and effective 9ovemance of our Church schools. To provKle focu5sed support for School effectiveness in order that our Church schools are judged good or better or J1 in both the OFSTED and SIAMS inspo¢tion framework$. To improve the quality of18achin9 and l&aming of Religious Educabon in Church primary schools sharing best practi￿ and offering professional development opportunities for all teaching staff in Church primary Schools. To develop effective Strategic partnerships with LKal Aulhonlies, Teaching S¢hools Alliances, Mulli Academy Trusts and other key stakeholders ensuring that every Church school 1$ part of an infomial, fornal or slru¢tural collaboration which supports their Christian Distinctiveness, school effectiveness and sustainablè future. To ensufè the good stewardship and effective deployment of Ihe Board of Edu¢ation's resources, lo ensure its sustainabl• fulure and abilty to deliver its triennial aims and key priorities. To take opportunitss for growth through the establishment of new Church schools and maintaining existing Church schools. OBJECTIVES FOR THE YEAR The Trustees and officers. of the Board. have continued to work towards achieving the agreed triennial aim5 and objectives of Board, as outlin•d above. Page 2

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 ACTIVITIES ANO ACHIEVEMENTS IN THE YEAR 1. To actively promole and support Christl8n Dislincliveness through developing high qualty lea¢hing and leaming. leadership and effective governancè of our Church schools. a. The skllls audh lemplate conllnues lo be used durlng the Foundallon governor appoNilm•nl proce55 lo en¥ur• that Ihoso •ppoinl•(I have the requbsite skills a￿1 experience lo serve. b. Officers Of our assockle consuttants arn. wherever posslble. iivolved throughout the appolnlmenl Pro￿$$ lor new Head Teachers liais￿9 with Local Authority off￿ets and govemots lo ensure Ihe best cand￿aleS are appointed. ¢. We eonsuw over our Irawiing prtyjramme and as a result have revised the Supporl and courses offered. Bespoke tralning is also livered to goveming bod¢eg and MATS. •s r•quesl•d. d. Members ol the education team, our Assxiales and School Improvem•nl partners have supported our Church schools wtéh Head Tèacher appraisals, training. school advisory vi5it5, leadership, scoping. IEB and Schools C•uslng Concern meelln91. Sw)port c•n also commissioned lo provpje coaching for head tsachers 109elhef wrth packages of mentorin9 1 supgThision support. e. The educalion leam regularty revwi those sGhoo15 cons¢dered lo be vulnerable arKI deploy ¥arlou$ ffleasuo$ to SUPPOrt t￿m. 2. To Pfovlde largeleé challenge ond locu$8ed support for school •llectfv•n•ss in order Ihal our Church schools are judg•d good or ￿tt•r in both the OFSTED and SIAMS inspection fra￿wOrks. Over the course of the year. training on thè lalesl SIAMS framework hag been delivered by the Deputy Dlrector lo support Ihe Impknmenialion and Improvement ol Oioc•san schools ag Church 8chool$. 3. To improve the qu•lty of l¢a¢hing and learning of Religious Education in ChurGh primary schools and sharing best practice and offerin9 professlonal developmenl opportunllles for all te•chlng 8l•ff In Church PflmAry School8. a. Th• Deputy Diredor of Educoli¢)n provided further 8UPPQrt by underl•king SIAMS re•dy visits, new Head Te¥cher visit¥, bespok• If•lning lor RE sublecl leaders and h•8 provlded varlous IralnirYJ courses, Page 3

INCORPORATEO ROCHESIER DIOCESAN 8OARD OF EDUCATIOII AND ITS SUBSIDIARY ANNUAL REPORT FOR THE YEAR ENOED 31 DECEMBEII 2024 ACTMTIES AND ACHIE4eMeNTS IN THE YeAR ICONTINUEOI 4. To dè¥lr47 Strats9￿ pwtherthp5 Aulhoritres. Teacuffj Aliarts. Mulli Ac4oÉmy Twsts {MATsl 8r#J Olherkty Stskehc4dw¥ 8rigwing th818V8ry sclbjd is Snlc4m81, Icmi w 8lriKiw4 cd18boraUon whir supports 0S$VTrX¥ones9. sdwl èff60i¥ew& 9wWMble lut￿. . Tl OlreaoTof E￿￿tiOn tth¥nuert lo%vkdosety¥ilh Mulb A¢a¥ery Trusts IlAATtsl In Ihrt4nvethond gthlth. b. Tlw DJr•du ol G•thnu•d lo ••¥l•l In d￿0p1￿9 ￿￿￿￿ni1 ¢¥￿Il0n￿l pr1. c. The thrtrknr and Dwuty DireL#Of of E￿￿￿on I1￿￿5 r6gu18tywllh •thlbJiise5 about the p•rfomrKeof SCI￿￿ Th• folhln9 loblm p￿￿d• d•i•ll• of lh• •¢•iu$ gl¢xw Churth ¥¢Do¢¥ eAM Chwth Mulll ￿￿•mY IMAT•l rnmb•r•Np. T8blo 1-Chwth ol En Sthool sialus Vclum8tyWd•d IVA) v￿￿￿•Y Conirolled IVC A<J6rru0J & Frep b aiu8 and sectc In ￿￿eSE01 Rrxhesief Numb•r ofprfma S¢ttools Numb•i ol s•¢￿￿4 School Tabl• 2- Church mu115-A￿• Nam• ol MAT Al8th8i•knpllc4Tr Academies Tru$1 Od￿ Pdmory Ar•demles TN¥l Aguln•¥ Churth 01 Ewiand Edurthiion Trtol Imspiro Pudery Movomani T￿¢ Medway Amgllc4n S￿￿1 TN&i PllqrfmAc4demy Try¥1 Tth)ox Twsl TrlnltasKaaem TnJi4 In the CXoc•J• ol Roch•¥l•r Loc•1 Alth￿1 Arna Keni 8•hJ•y 8fomhy 12 8dw•y m•d￿Y ￿￿v$￿1•X Tru¥t S. To ¢rrfw• th• qorrfj 4t•ward•Np •ffKW¥e d•plJym•n¢ orth• eoprd olEduc•llM'• r•wur¢•i. 10 •nw•lli •ui1aln￿th Iuiur• ind •blllWto+J•ll¥w Its lrfefin￿I Alms ar+$ k•y p￿￿￿"•&. For A•¥ernl 411ff•r•￿ Mthion#firtand4 ￿￿￿+1#w• •t••dy 2024 lh• Fih•rK• •nd R•￿ur￿l CtthrfdN••rnblth¥•d monltornd. c qu￿•￿￿ b•Dls. In¥•¥lm•nl yl¢ld• ond •￿￿Th, b. Thè mwln polnl¥ •¥¥at581￿ Ihe Boardel Edu¢th'¥ fir￿￿eS In 2024 con bè mimorl8edw fdlm.. Th• wrttttni dilldl Intr•￿0 irom É129.728 in 1023 to • def￿1 01£194.898 IA 2024. 11. In¥ttrn•nl lrtwn• IrKr••Md from E187.804 In 202310 £191.P78 In 2024. 111. unre￿4￿ 9¥Thon In¥•thneth6 olt473,484 In 2023compr•d 10 a £303.W7 urtte8lla•d wn In 2024. Iv. Th BO￿ ol Educ8Uon's Endowmeffl frjnds tra18r￿ Inue1￿4 (rom E6.org.044 In 2023 10 £6.200,424 In 2024. I. In My 2019, thi apm•d lo •drg1 th• T(¢•l R•lurn •ppmch 10 Inwilm￿lIYhthlth •Mbl•i fur1 10 b• •¥thbl• lo MMI r￿UrI•l￿￿ ¢4 Oxrthdlng Iri¢tsmb brv•cNf¥J ￿ reqUIr￿￿tY41thtrrt1lr1etaO I￿rta. 7. To t•k• ogptyiunhU•• tr •r￿￿tr th• •￿•bIl￿•nI 01 rrtw •nd M•Inth￿r￿ eyJ8llr4 >thl•. b. The proi¢¢td¢llv•ry olthe n• seco￿￿￿ry Schxl in Ebb$flW qwden dty ￿￿k4rden>￿Ih lh• l•lhel• 1S¢•n A¢•Jtys Tru4 progi•St•J. FUTURE PLANS The Truyltts officern. Board. ￿11 iot¢k IMrd¥ tho oqr•d Slritglc•Im8￿1￿& 8ord. forth• • pr•vlou8ty ouuined cfi p•9• 2. Pw4

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW 1. FI￿nci¥l Perfjrmanco A numt•r of glcèal chJllen9es Impacte(I operatlons an¢1 durir#J the and lh• k•y •18monts ar• highliqhw A comparigon ofth• ir4m¢ reCeI￿d fty 2023 #nd 2024 can t• summisad as foll a. The substdiary trading cthrpany surF4us Inueased by £903 from a surplus 01 £50,538 in 2023 to 0 surF4us of £S1.441 in 2024. b. Investsnen¢ in￿e irKrease(J by £4.072 from tl87.804 in 2023 10 £191,876 in 2024. ¢. Un￿81189d goln on Inveslmenls 01 £473,4BI In ?023 cGMmp4red 19 a £303,007 unre8li8od g•ln In 2024. A c&ynparison ofexpwK11tur8 IrKurred tr 2023 and 2024 can be summ￿sed as Id10￿.. . thr#ll eXFendttU￿ for S￿$, th in¢re8sed by £21.233 from £380.135 in 2023 to £401,368 In 2024. b. The schods, w¥Jrk eXpendrtU￿ Irom the Resfficled Irume lun¢J Inueased by £3S.124 Irom £320,271 in 2023 to £355,395 In 2024. ¢. Rov¢nuo grani xF¢ndi￿r• d8cMas•d ty £2,124 from £1,78D In 2023 to1£344} In 2024. il. GO￿rna￿e cosls increased by £702 from £7,020 in 2023 lo £7,722 in 2024. Th?r• ¥ Ir•n$fer ol un•pr4kn4 totyi rtum of £340,538 Ircm Capll81 lundi to thé R•vents• lund8. The v•rtw$ I￿¢M •rKI •KwThJltur• nwm•rt$ lor lh• y••r le41trAino impocl on r•a•rv•8'. . The Corpofalg Fu￿S resem remaine¢J unchanged al zero. b. Th• sth￿l Improv￿OnI5 Fund8 r#wv In¢ffj•s¢d by £82,323 fmm E344,981 In 2023 10 £427.304 in 2024. c. The Re8tdtted Inc4)m8 Fund reseNe deC￿se0 ty £104,394 from t335,883 In 2023 lo a Su￿luS bala￿ ol £fJ1,289 In 2024. a. The EndowTrenl Funds reswve incrvased by £130,300 from £8,079,W in 2023 to £8,209,424 In 2024. Th• TNsteos were at40 to budget for 2025 and egbmaitr •n o¥w•ll suiplus 018om8 £67,745 in 2025. Th• TN$t•M thmugh lh• Fln•rt• •nd R••oyrc•g COMffAtt￿ ￿11 contlrmm to •XF4or• lurtmr opti￿8 In oNd•r to Inu•a•e IrKom? WKI decreaw expwidiiure. 2. RM•ws Pdty Resoms ffjr• •n Inherent part ol the rfsk rnBrwm•nl kYcc•sJ. Th• n••d lor r•MM8tAIII v•ry d•F•ndlng on fin•n¢l•l Fo4ltlon •nd lorecasts and our assessment of th• risks we lace 8t & partlcular Urn•. Tho Trusl••¥ h¥v• •ThJ •pwv•d lh• 2024 r•wv•• Fdl¢y t•k•i •¢ouni ol th• pi¢domlMnt rf8k8, chall•rq•# tr c4pllal requlrement8 ln bolh the short and medium lenr. 11 IB Twol••s' Wky lo, wh•r•v•r Fo1•4bl•, Iwi •xwfidllur• by g•ll•rntlnp In¢om• frtyn lh• m¢rf¢l•d lurtds, IM lrndlffj 8ub•ith•ry aTrJ frryn any D8F gr￿t recelpts. Th• OI¢y Fy•¥Iou8ly agr••d to uunr•$llKt•d ILmd$ t•fore any olher funds unlll tho8• unrn$t￿•d r•sems rea¢ a nll bal•nce. Th• Tful••s •r• #%4w• Imt IrKAim• •nnually 8xdudSng unr•8lia•d invulm•nl 9•ln8 58 pi•s•nlly irsufficl8nl to m••t •Mpendltwe •nnu•lty n￿$S8ry to m¢el thè Trusloè$' 8PFxoTrAd ad1w￿S. un￿$$ and until am balan¢Ad, th• TNsl8•s r•cognls• Ihal tw ￿11 nee(J to use inveslment gains less losses each year as calculated on Total Relum tur￿ basls Ihen. K n¢cess8ry, ulllse any unrèsthct•d r•sew6 anLI then th• Unappll•(l Total RturD lo c4ver •ny re￿InIng deficll ¥rfJei, Aceordingly, thèy %%ill, il nèe•ssary, 89m annually on amount lo bé tr8nslerr•d lffjm the Unappli8d Total Retum Fund to C4ver that yearfs efii?t rfany. Inveslrnent gain$ over and abJ¥e ony needed lo cover 8 defiThl fc¢ Ihe year in qyeslion ￿11 be Jdded to ¢his Fund annually and • sum repr86entsrYd InfialiC￿ on the ca￿tal luThdg ol the 80orO In accordanc• vlth CPI rnles ￿11 be transferred Irom thli FuTha to th$ TNst lor Invests)wnt eawtsl rnsepM. Th? Diow•n Bosrd of E¢Ju¢•tK)rt ¥lso ￿￿Id$ mlrf¢x¢d thl¢h hov¢ generBlly teen hl¥kn¢ally trom th• sal• ol redundant scho)I prop8rties. Th•se fesln.cted reseNes can only be used ltrords Ihg ¢OSt ol Church of ENJIa￿l schoc4s [￿J11d1n9$. rs￿¢t•S aTra atfvie81. Unrastnetad and r8stricted fesweg are largdy In￿st8d in diveNfied investmtnt historically risè in valu8 overthe long lemi. The v•lu• li rnonitofed regvlady by the Board's FinaTrK• and R•8tyJre41 Committee, and Tru51ee& have ddeyled lo that Committ•0 the limlNJ and level 01 $31eB of investr￿nts in ¢xderlo meei s￿h •nnu81 defiryt as ￿￿x1[ated tel0￿ unreallsed Inves1m￿l galWosBeB. A8 at 31 ￿e￿rnter 2024 ¢¢ngG•¢e(l fvnd$ tot4led £6.867,99712023'. £8,759,888) of **lch £8,440,89312023.' £6.414,7071 thero stricled and £427.30412023'. £344,981) unffj$tricW. %thich was Ihe charftys free reseNe. There15 aLw an unapr1￿ toial retym rts•Ne of £1,713,923. Page 5

INCORPORATEO ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SU8SIDIARY ANNUAL REPORT FOR THE YEAR ENDED 31 OECEMBER 2024 FIPIANCIAL REVIEW ICONTINUEDI 3. Grant Making Pollcy cMd•rlng #hool 4Wuth?n• for fin•ncio1 •Mist•ne•. th• TrUthMI￿lI •dopl lh• prftyiO•s.' •. The totsl value olgraTrts w￿11 bè limited io th& revènut inc£ffi8. Any gvani award, whIch￿￿j neossila18 eXPBnditure ol Ihe endcwneTht fvnd. wlll Tr)rm•lty b• gpproved. b. All kyojects SI￿11 b• appfoved for grnnt•ld by the DE •UPPtyWd by lh• LA. c. Church Ah1ed prlmory schcb)L8. d. Chufch AvJ¢d S¢w￿ry 8¢hocls. •. Church con1rol￿d schcc4B d•c¢(flw lo •¢Jgpl Churth AbJ•J •t¥tu•. E￿￿ing Church Aded scws, 9. sChr￿s sNing deprivèd afeas. h. The Govomlng Body's fin•naal r?￿rCu. Pr•vh)uB proJ•di. al th• KI￿1, lund•d by th• 8o•r<l ol EduCa￿on. 4. 1n¥88tr￿nI Pc4y Boar¢ h•$ • polity to In¥•$t In •cciJrd•rKe wlth th• ethlcal Inve$trMnt pdlcy of th• Churcth ol Erwlnd. In 4n• with thi pdky lh• TN$l••s can￿dr•(s Ih• fi￿1 apwOp￿l• v•hld• lor InvulirrfJ fund• •nd lound th41 •F•d•¥wd r•20d lundi, dulgned for lh• thuf¢h •nd carity Ind mgn•g•d by th• C•ntr•l eo•rd ol Flnanc• ICCLAI S•rJ•ln & P•rlner• m••t th•lr r•qulr•rnwth lQ9•r••r•t• both and c4pit819rthsth, The p•rtonnarK• ol Inv••lm•nt rMrk•ts flu¢fv•t•d ￿ring lh• y••r. Th• Irw•ith)•nt fvirtfolb al 31 D•e•mhr 2024 Intr••••d du• to •Th urw•alh•d g•ln ol £303,007'12023. t473.484 9alnl 2024 2923 Aeiual Total Relum Athi•ved ARC StBdy GrThth Ch•rity Ind•x 7.58 8.80 10.96 charltab￿ CornpMy ¢urrenty holds £21,102 In clsh doFosrts wlth tl C•ntro1 Board ol FIMneA• ICCLAI, whkth ar• h•ld in Ofd•r to k¥o¥ld• c••h tor th• charlvs operatjcns. Ca$h deposrt Interè#t r8te8 wenllawn Jldhlty durtng th• ye¥r ctsTrpafed to 2023, Th Fln•nc• Ind R•wurc•8 CommRt•• rn¥l•wi •nd ffKnttor• lh• F•rfmn¢• ollh• Inv•ilmenl fund• w • qwirt•fy boJl•. J. R•l•t•d Pwb Employ••s ofthe Rcth•st•r Oioeesan eo•rd ol Ed￿￿c￿ are p)irtlty emF4wd by The Rtthester D10c4￿n Soclety and Board ol Fln•rrAry'IRD8FI'. RD8F cwales both a doffined tenefft p•n$ion arrarqemènt •nd def￿d o)ntritwJtion penstrM sehern￿, Shared HR. IT. c<mmunScth'¢)n ond fin•ndo1 •Jrrtnl$lr•Uon Aeryl¢•s. The R08F chargg an 8PFortsonmnt gf oific4 and adrninl$tr•tcfi expenmi lof lh• •h4r•d W•n￿￿•. Son TN•l¢•• of th• Bo•rd of Educ•ikJn •m nomlnal•d by the Oeanery Synod$ lor th• oppoln¥rnnl by Ihg Olc¢¢un Synod. During the year 8 gurWu$ ol £S1,441 12023.. tSO,S381 le￿Ited trom Iht Di0￿58n S¢htyJls A￿nty, whKh will ￿ Iransftried to th• In¢owal¢d Rcthsler Dk¢oJ8n ol Ed￿￿on. A £6,00012023.. £8,000) ￿￿￿'bu￿Th taw•rds •l•llcoJls w• rK•lv•d Irom The Dio¢wn Scho¢A• Ag•rtcy to the Inc•rwr&t•# Rrfh￿ter Boord ol Ed￿￿rIn. The Boèrd ol Educat￿ 8cts 11 # menthr 4 Ilmrt•d l￿bIlity of £10 for the folltritvJ Mulu Ae4demy Tiuslg,.. Aguinas. MAST, Am•deus. Tdnlt•s. Athi•. Pllgrlm, Addllon81ty th• RLxh•stsi Olwon a0•￿ ol Educakn also •pp)In15 9ovemorn ts Votuntary "ded and Voluntary Controlle¢l Sthoots. Obc4san Scho￿$ Apenw pYO¥id￿ 8eThte$ to Ihg Mvlts Academy Trusts, Volunlary Aided ar￿ Voluntary Cwtrolled Sthool$ •l•n orrns•length b•$3 al the of th? s¢hool$. 8. Public Bon￿1 n eanshJeriThJ th• Ir￿0r￿ra1éd Ro¢N••t•f Olocesan Board ol and ils 8ub•idl•ryS aclviles. th• Trustees havè rAimpli•d tht in Seetson 4 of Ihe ¢h8ritle5 Atl 2011 to have due rogard to the Chortty COM￿$￿)n'$ generèi guklarte on wbllc b•nefil. No ch•ng•g to ongolno •¢tsvib¢s were ccffj$id•red rc85sary as thè varied ￿rkS ol thè Board of EducatiDn ha¥• ahway$ b8nefit•d ihe Publ￿ In numtrtyjs ways as in Ihls report. 7. Going Copum Actounbng stsndar(l$ ffequ1￿ Ihg Tru$lees tocon$lJer Iho 8p￿￿8¢enes$ ofth8 gThng cor￿M basis Wh￿ preparir¥J the fiMn¢491 $taterrnniS. Th• Truslees c¥xAlderthat Ihere a￿ no matenal uncertalnt.es fegardiNJ Ihe Charlt2bJe Corfpany's ability to wntinue as a going concem. The CharilBb Company hws ad8qual8 flnanciry fadllll88 bas•d on the Tru51ee8' re¥lowol the lor•¢481 gnd Ihe curr•nt kn•1 of tr￿ r￿￿•S01£4?7K and un•pWd total of£1,712K avail4￿ given thai ts Inv•Sbn￿land ¢•sh balancs tould be deplwgd tocover any ¢etsil in the short 10 rn8diumtemi. the lonp bme, an irK¥easng reduction in th• futur• incom• generatsd trom the investment Noy affect the goirrfj ¢Mcm basis. the eoard is trthelorn ¢4n$klorinp aIt•m#iiv••ou￿•8 ol meeling lulur dtrficts %*ilh th• V¢•wth•t1￿ Unap￿•￿ tot•1 r•••w• ¢1)uld ¢M$ityy be exhauw•d wllhlTh a short PAge 6

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 PRINCIPAL RISKS AND UNCERTAINTIES The Trustees are responsible lor the idenlificatlon and management of risk and to achieve Ihls. 8 re9iSter of identified risks Is maintsined and, alongside it a management strategy formed. This is subject lo annual review by the Tiuslees with the rfrsponsibilty for delivery of th• id•nliffi•d management straleg1•s, b•ing dolegaled to the Direclor of Education. In the T￿$1895. opinion there offj ¢$tsblished resources and reviow sysl•m6, which undef nomial condiliong, should allow the Idanlffj￿d risks to be milipaled lo an accaptable18v81 in 115 day lo day management. No rl8k8 w•rn ￿•nIlr1•d In th• 2024 or 2023 risk r•gi$ler where the probjblity grKI Impacl ol the events is conshlered "hlgh" The accounts are approved through appropriate ¢on$lder8tion of risks 95 part of its normal rlsk manag•menl processes and mllkJ3ling actions both already taken and available to b8 taken, trustees consider it appropriate for the going concern basis to be adopted in these Accounts. STRUCTURE AND GOVERNANCE Summary Inforniatlon about th8 8tructurn of th• Chur¢h ol England The Church of England 4$ tha •stabllsh¢d ¢hur¢h with Hls Majesty The Klng as Sts Supreme Governor. 1118 organlsad into tr•K provincs Icanlerbury and yo￿) with a lolal of 42 Dioceses. Each Diocese is a See undef the care of a Blshop who is charged with the cure of 80uls of all ￿0P1• wilhin thè geographical wr¢o, This ch8rg•1s shaf•d wilh prl•st8 wllhin bgnefico8 and p8rish•s which ar• sub divisions of the Diocese. Within ¢a¢h Diocese, overall leadership lies with the Diocesan Bishop, who exercises that input a8 818hop wlthln the 0loce8an Synod. The Diocese of Rochèster 1$ divid¢d into three ArChdea￿n￿1e3 wilhin which there are eighteen deaneries, each with its own Deanery Synod. Wllhin •Ach deanery there 4¢¢ Individu•l ¢ccl¢8io$1iG81 p•rlsh•$ wllh Ih•lr own p•rochi81 church councll, vthlth Shares with the parish priest, local responsibility for the mission of the church. Org•nls•llonal •tructur• The Dioc¢¥an Boards of Eduullon Mea8ur• 2021 c£nflms that for every Dlo¢ese there Shall be 4 Dloc•sJn Board ol Educalron which shall have certain functions and shall be responsible to the Diocesan Synod. Thé 8ishop, after ¢on$ullalion with the Board, shall •ppolnl • Director of Educallon for the Dloe8e who 8hall act *8 8ecfOtary lo th• 804rd. Th• Incorpor4l•d Rochester DI0￿￿an BO&￿ of Educallon li • company limited by guarantee (No, 460141 •nd o rogi$t•ffjd ch•rity (No. 10315501 govemeil by ts Memorandum and Articles of Assoryallon. Th• 8o8rd's princlpil activlty 18 lo mointsln •nd exiend educallon kn and knowledge ol the Chrlsllan religion In gener81 and lh• fallh and prac41￿ of the Church of England in particular to all sections of Ihe community within the Diocese of Rochester. ft was ¢$t4bli$h¢il in its presvnl foryn on the 19 Nov•mb•r 1895. GoveTnanee and policy of the Board is the responsibilty of the Trustees, who are also rnembers of the company and trustees for the purposes ol charity law. The Board'$ composition and memb•r$hip durin9 the 2024 financial year wef• governed by Its revlsed Artlcles ol Assoclatlon. In Ociober 2016, the Diocesan Synod approved proposals for the re¢onslitulion of the DBE. The Secrelary of State for Education approved the revise¢J Arti¢le5 Qf A$59ciats'on and issued an Order in Novembei 2017. P4ge 7

INCORPOILATED ROCHESTER DIOCESAN BOARD OF EDIICATION AND ITS SUBSIDIARY ANNUAL REPORT FOR THE YEAR ENOED 31 DECEMBER 2024 STRUCTURE AND GOVEf¢NANCE (CONTINUED} Oroanl••Uonal ¥tNctuve Iv>ntlnu•OI Trustoes, lenn ol offté 1$ three yearn and tlbxe who r¥¢d during year a￿ $lywn on page 1. Fr(￿ J•Th￿ry 2022 the 8o•rd'$ ¢ompos￿0￿ 8nd tYmtsr8hlp1s $umnwrl8•d as follow?. l. The 8i$hop. 2. On TN8ttt rthln•t•d by lh• 8ishop. Six Twstees elecied ty DK)cesan Syn¢)J {il •. 3 Clarks in How Order$ Ifw •ach of th 3 Arthd•aC(Jn￿5l. b. 3 Lay p•r8on$ on th• •laclor81 fdl th•ir parish I1￿ e•¢h of th• 3 ArchOEac4ndail. 4. At lust 2 Trustees but more Ihan e Trustees cmpted by the DBE a. 2 seThin9 Headie%hers at CE s¢hodslaca¢Jemies lone Omary and one ￿0ndary> b. Up lo 4 olher Trustees wllh expeTiènc• ol olher area olwofk Wlh whlch the OBE is ￿nCem•Y IndwJkn9'. finan￿. leg•l, HR, Bchool knproV•￿nt, chanty tru•te•ihip, 8chcol governorshlp. kadershw r•laik$￿. 111 Under 3, DlcKe$on Symd elecled m$mtsrs Tllèo fé rtoff4n8le¢ by Dèn•ry Synod•, i•¥l•wèd by 8l•hopJ Councll •ThJ Ih•n by Oloc•¥an Syrth)O. b. Su¢h ¢andthtes rnusl dher rosSde or wtyk ty worshlp in th¢ Oittes? need rtot theMSe￿e5 be Members ol I￿ Ckman Synr¥J. c. Any casual anThig the de¢ed Thmbets Iwhth 8xpr•65K Indudes the cas• where insuffiu•nl undthles hjve b••n nomlnit¢d fill lh• pl￿5 avoikqbl•l sh•ll t4 filled In iu¢h • mannw •• m•y b• d8t•thned by the DILr•￿n Syne¢1. The Loe41 Auth)rrti¢¥ ￿thin I￿ Dioctte th•ll •ach b• entit￿ io Mmlnale or• lo attend ￿￿tIr$S ol ihe Board on ts Lcul Auth￿￿8 beh•ll. TTh•￿ pers￿3 8r• nol dlble lo vole 81 suckn Me￿1￿9$ &n(I do not hokl the pjjrtbn ol Truol•• LY ol Ch•rlty'. l. The Coundl of Ihe London Boro¥h of Bexley 2. The Council oltlyd London 8￿oUgh ol Br Kent County Councll 4 4. K4etray cou￿. Drtl•lon m•klng •lry¢lllf• Corwaie worili¥s, the overnll financial strategy lor the Board, In ac£4)fdAnc with its objects, are Ihe ￿F<In51￿1ty of the Tnjslees as Is Ihelr rwiew and ft¥)thiorln9. Oper?lity)o1 deliwery ol Ihese wtorrtiès and strni¢gtg$ is d8le9ale(I to the Dir•elor of Edu¢al￿)rt. The eoard mè•ts up to #lx Ilmes a year to conducl ils bU￿TreSs, approve pow and review the Impècl ol Its vth. Mu¢h ofU operb)nal d¢¢Aslw.m'no 1$ dewed lo a Finan￿ and Resoure•s Commfftee and a School Effeclweness Commttee whlch up lo Ihffj¢ Fer ye4r. These ￿￿(￿mm￿le?9 ars • criucal partol the BoJrd'8 and overslght ¥￿1 monrt3tftg ￿ th¥ k¢y 8r•u ol r•$ponJltslty lo•n#ur• t￿1 Dl)c8san Board ol Educ4tion108EI, ai w Indepen¢Jenl, Incorpornt8d charilabfe company, r•ry¥in$ tr)rn￿￿1t wlh legillon artrj the reoulrÈmnt8 of Iho Charity C%vrvr¥'s$th. The Twstees are a￿$t¢d in theirwtrk ty offi¢ws •TrJ the fdbwing ts¥o Comffth$. Flnan¢¢ and R•8tyJrees Commrtt Mpet¥ up lo Ihree per year and rev￿8 •nd mnllors Ihe managern8nl and annual a¢cowts. bw. Inv•stnwt performance, xhtswl ￿1￿jing kY¢ioets, èrpj risk monagn￿l p)licie$ and e￿Or￿1 audil. Schod Efloctiveness Cc4nmi1188 els up to thfee tirres pei year an¢1 aTra r•vi8ws the perforffAnc ol Churth %￿))L5 in terms of aTrJ Chrislian disbnctlver •nlifylr¥a t￿e Ih•l or• vulnerabk, Trustees are membws of Ihe 8oard and are se¢Xed as outlined on page 8. At th8 betynnlrtrJ of each Imnnlum an iTrJuctbn rI￿eting 15 arrarvded all Truslees led ty Ihe Direclor of EdtseatKJn to brlefthem on. Ih•if legal obllgatitms vnder charity Ind eompany law. Ihe ChJThty cornrn1￿￿ guWtsnce on publlc tenefil, and inbrm tMm of the cJJnleTht of Iho Mer￿randuffl and AriKles OlA￿l811￿. the comrrtte¢ 8nd d•eL8w-mgking prcthsses, the hjsiness plan an¢J rerent fiTrandal Perf0m￿nCe of the charty. During the Indudn rreetirrfj TNstees meel key empltsyees and other Tru$tee5. Tru5tws ar• •ncourageL1 to attend apwowk•t• •xt•mal training •v•nis whern Ih•s• ill lafAlilate Ih• undertaking OF Ihelr rol•. ¢hlty Govemon¢¢ Cod The TwJte•s have re¥lewed Ihe Govemw ol the Charity In I￿h1 ol the Charty Gov•mance Code waj in X117. Th• Tw$tO08 seek to compty the Code. P•ge 8

INCORPORATED ROCHESTER DIOCESAN 80ARD OF EDUCATK)N AND ITS SUBSIDIARY ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE AND GOVERNAMCE (CONTINUED) Funds h•ld ￿ Cu6todl8n TnJ•ts• Tha Board Ss Custodian trnsteè of awts heldon behallof churth sch>)1$ gThJ aet a$ managing trust•os. These assets art not aggregated in lh• finanrial 51alemenls as the Board doe8 conlrd them and they aro segreg8led Irom the Boarrfs assets by mean5 01 separate acttjunting system. Further d&tails of these markal value tolalled £2,082,689 at 31 OecomÈer 202412023.. E1,987,8991. ar• pro¥idod in not¢$ 18 & 19. Key management rernuner•tlon The pay ol the key management personnel. as delaikd In note 9. and all slaff are reviewed annually and [￿?￿￿￿11Y incre8se(l in KcA)r(Jan¢¢ th average eaffliw4$ to reflect a eost of IlvlNJ adjustm•nt. In ol the nature olthe charity, thè Twstees t•nchmark agalnst pay lavds In oth•r charltjes. Th• r•munethion t•rtehrnthrt 1$ th• mldwlnt oflh• rnnp• ￿1￿ for wrnll•r ￿•$ In sirnllar ¢h•dtl•$ •nd Fund• hgld on ts•h•ll ol church •¢hool• Thé 8oard r8(i¥•È eontribulitin$ from gtsverws ol thur¢h ¥dunlory •idod Sch￿1 ithin Ihe Dic<th¢ in ¢onr¢t?n wilh thelr re￿1￿ And pl181 prolectj and aluo government 9ranls In C￿￿8￿00n wth 6am8. The Board 8drnln161er6 Ihese mcnles as mBna9ln9 ffjenl and makes approwale payments to consvitants and conlraelofs for undortak8n. These rrthies do not belong to Boaf(J and tr￿￿10r& Ihgse rncèlpls and paymants trèoléd •$ Ih¢4n¢ •nd eM￿n￿lI￿re In Ihe Slalern¢nt ol Fln•n¢i•l AaiviUe8. Any rnonio$ hW¢, or du• at Ihe ￿l0￿C4 sheel date are treated 85 debtorB or crpdltorn ￿ the tsala￿￿ 6he8t, aB 8hLW in n¢kn$ 12 and 13. T￿•1 r•iurn On 20 May 2019 lh• Truol••o 74Oted lo ex•r¢I￿ the p)wer9ranlad uThler •Klon 104AI21 ol ihe Ch•rftlo• Acl 2011 and lo Idepl • lot•1 retum 8pwcach to Investments. The Total R•tum apmeh idenllfies those eumulative Inve$bn•fit galnslknown as th8 unapFlled tothl r•tuml vknlch are availatye if ￿¢￿Sary lo offset ony annual defiats ol Income lexdudiw unr•allsed Investsnent 9•￿15) agalnsl expendlture not by olh•r aval￿¥48 reserves. The date thal the In￿la1 value of the TNst lor Investment and Iha inits'al Val￿ olthe unapplied total rntum VAfe estsblished was 31 Decemt•r 1998 In order to iden￿'ty the iniliBI arnwnls of the Irvjl lor Inve$lrnonl Ihe Tru¥tee¥ have use(1 the voluali￿ of In¥eJlmentg •t 31 Decembor 1996. Tho unaFplied total has been ¢)Icul¥te(I Irryn IhI3 p)Inl on￿r¢S by lal gn annujl re(lucilon for the Inflath•ry Irfft•8e the InlO#l Truji for Investment usirq CPI and Ibl any annual defv'ls sinc8 1996 not cthered by other availatle r•s•Nes. In 2024, thei8 an un811rx•led DOE qraThts carrfed lotw•rQ 01 £231.28912023.' £335,883). Pap9

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES, RESPONSIBIUTIES The TN$tees are responsible for preparing the Tnjstees, Report and the financial slal8ments in accordance viith applieable law and regulations. Company law requires the Truslees lo prepa￿ financial stalemenls for each financial period in affordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable Under company law the Tru8lee8 musl not approve the financlal 6lalemenls unless they are salisfd that they give a true and fair view of the stale of affairs of the charitable Company and of rts net income for thal period. In preparing these financial Slalemenls, the Trustees are required to.. selecl suitable accnunllng policies and then apply them con$islently', ob$eNe the methods and prinrjples in the Charities SORP.. make judgements and eslimales Ihat are reasonable and prudent, stale whether applicable accounting slandards have been foll¢)wed. subj'ecl to any material departure5 disc105ed and explained in the financial statements prepare the financial 81atemenls on the going concem basly unle8s 11 Is Inappropriate to presume Ihal the charity will conlinue in business. The Trustees are responsiblè for keeplng proper accountlng records Ihal are sufficienl lo show and explaln the charitable company's Iransaclions and disdose wrth ￿8$Onable accuracy at any time the financial position of the charitable ￿rnpanY and enable them to ensure Ihal the financial statements comply with the Companies Acl 2006. They a￿ also responslble for safeguarding the assets ol the charity and hn￿ for laklng rna8on8ble steps lor thè prevention and dètection of Iraud and other irwularitses. In detemlnlng how amoun18 are presented within items in the 81atamenl of financi81 activities and balance sheot, the Trustees have had regard to the substance of the reported transaction or arrangement. in arxordanc ryth generally accepted accounting principles or practic*. So far 88 eoth of the Tnjstaes is aware at the tlme the report is approved.. there is no relevant audlt infomiolion ol which the Charitable Company's auditors are unaware, and the Trustees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audit infornation and to establish that the auditors are aware of ihat infomation. The rtrappoinlment of Crowe U.K. LLP as audllors byill be proposed al the Annual General Meelin9 The Annual Report was approved by the Board on 4 June 2025 and syned on its behalf by The Rt Rev. S Burton-Jones Chair of the Board Page 10

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AIID ITS SUBSIDIARY INDEPENDENT AUDITORS. REPORT TO THE SHAREHOLDERS Indep•nd•nt Audltor's Report to th• Momb¢rn and Tnmtees of th• IncoTroratsd Roch•stsr Dioc•8an Boanl of Educatlon Opbnlon Wo hav8 awlrtod th• finBnual 6lBt•m•nls ol Ihe In￿rpora18d Rothosler OiocA8an 8g•rd of Educatlon I'lh• eMrftabl• camp8n￿l •nd it8 wbsidkiry ljhe group'l for Ihe year ended 31 Deceml)er 2024 comw¥e the cO￿￿￿at¢d Statement of Financial Actiwties, th8 Consc4idat8d Balancé Sheei, the Company Slalernenl of Financial Activities, the Company Balan￿ S￿e¢. the Consdidat¢d St¥ltrm￿t of Cash Flow5. 8n¢J ncrtes lo tho fi￿ncial8￿ternents. including ￿gnifi￿nI amnling p)lIri￿. Thg fina[￿1￿1 reFQfling fr8m8work thal hhs t8n 8wJlied In Ih8ir preparation 18 ￿p￿Icable law and Uniled ￿"ngdoM knunting Standards, indudin9 Finanual ReportiThJ Standafd 102 The FinancAal Reporb"ng Standard •p￿leabl& in thè UK and R￿Ut11¢ of Irtrland (United ￿ngdorn G¢ntrr•lly Ac¢epted A¢￿U￿tIng PrydCticl. In ownlon lh• financlal stst•m•ntb'. 9ive a true and laii wow ol the state of the group's Ihe charitable companls affairs as at 31 Oecembef 2024 and of the 9roup's and charits￿e company's incoming rosourc•s and appllc4'on of r•sourchs. indudirvJ th•ir incoma and expendrtur• for th• ￿r than •nd•d,' have teen ywrly prepar•d in aeudanc wth Unit•d Kingdom Gortralty kt•pt8dAeC£￿fttinO Practh•.' and % t••n w•p•r•d in •¢<tsd•nM th• r•qylr•rnnl¥ oftlKI Comppnl•B Ad 2006 lh• Ch•rili• A¢t 2011. 8Ml• lor oplnlon cfjnducled ouf •udll in o¢(y)rdan￿ Inl•matvJnal Slwthrds ￿ AtrailiTra {UKI IISAS IUKJI ond applicabl• Im¥. ￿3p￿￿billI•0s und•r standards are frjrther described In Ihe Audil0rf5 r•swn5ibJ'liti85 lor Iha audil of the fina￿#al slalemenls Section of ¢xr repjrt W8 4 Ind•p8ndani of lh• gr￿P in 8ccothnc• %%ith th• •lhical r•quif•m•nts ththi ir• vel•v•nl to our •udil of fin4n¢t•l $t•l•m•nls in th• UK, Includl Il FRC'3 Ethicol Standard. 4n(I wo hav8 lulfill•d our ¢lhgr 8lhie41 rnsp)nsiknlitws in accorda￿ ¥￿th thes• r•quir•mants. t411è￿ that th• 8udi¢ •videnc8 have oblainad is suffioent ond •pproprial¢ lo providg 0 bo515 for opinb)n. CO￿lU•[￿n? rehung to golng ¢on¢•m In •udilng lh• fin•Kl•l 8t•t•m•nt8. ￿ h8v• c)ndud•d Ih•l lh• tru•l••'• of lh• Wng ¢onr•m b•&• 01•¢<Aiuntlng In th• pr•p•r•tlon ol lh• ri81 ststernenls is appropriate. B•s¢d on fv ￿rk ￿ ho￿ porftymed, w• h•v• not td•nllfi•d any m•t•ri81 U￿or181ntl•$ rnlating io •v•nts or cl￿d￿￿n${hot, 1Th41￿duth1ty or oJlleLllv•ly, rn8y c851 Blgnikanl doubt on Ih? ¢81it8W• ¢omwny¥ •tslity to ¥Y)ntIn￿ M • gtsing c¥)nc•n for • Filc#a cl•1 l•••t ￿e1v monlhj frorr wtn th¥ finow81 $1olemeni$ arg aulhori8trJ for iwJ•, Cjjr re•porydiknlill8s •nd tho re•pongkn1I11•8 ol th• Iniit••8 wilh r•gF•ei to ooing af• dMcrit•d in th• rd•v&nl ￿tIOnA01 thi8 l•POrt. Oth•1 Informitlon The trustees ar• rnsponsibl& for other 5nlorm8lion cfjnlapr￿d wlhwi Ihe an￿91 re￿. The othèr inlemiglion o)mryise8 thé infomiatim in¢ltyJed in Ihe &nnu81 report. olher than th8 financial staltmènts and our audiiorfa fèport th•rèon. Our ¢)pinion on th• finantisl statemanis doos not ¢ovor the other Inli)mwUon 8nd. ex¢ to IfK• extenl olhewlsts explicilty slated In our rnpc¥l, we do not express any fom? 01 •$8ur•nc ctyKlusion th•r•on. Our r¢sptr6ibility 1$ to read Ihe olher informalion ar¥J. in dDsThJ so, crfftidertslher the otheT infomijtron is moterihlly inconsistenl wrth Ihe fin•nt4al statemgnl$ or our kno¥A￿90 obtained in the audrt or otheMs¥ oppe•rs lo bg motwiglly Mi￿￿1￿￿, I1￿ idgntty rnotgrial IncAinsisl8N•s or app8mni mat•rial mi$$tst•mnt$, Jr• r•quired lo del?rmine wh?ther Ihl¥ giv•¥ to g ma1￿￿1 mi$stat•m•nt In t￿ fin•n&g1 stalemenls th¥rns•1￿s. If. based on Ihè WO￿ wè have prfomwd, wo ther¢ 1$ a malwi81 mi$$t•iem¥nt olthi$ olhtr Inform￿￿. I are requirtd to Ihèl f8¢t. have Tr)thing lo reForf Ihi$ regard. OplnlonB on oth•r matt•rn pMcrI￿d by th• Comp•nl•• Act 2006 In our oplnw bas•Y on th• woth uThtsl8k8n #) lh Cour￿ ofoyr I￿.t the InloJmab"on 9iven in the Iruslee$' rnport, whieh induda# the diractorn, rèport pr•p8r•d for lh• purpwsof cempany ltr, for Ihe finartial yo8r for whkh th• fin•nclBI otat•ment8 are pre￿r•d is ￿￿131•fit wrth the fiMnrA&l sl•lemenl$'. and the dlr•cttyS' f•PCrt indudod wlhin lh• trust••s' r•wl hav• t••n prnp8r•d Sn ac¢tydanc• ￿th 8ppltatrA•1•981 rnqulr•m•rtt$. Page 11

INCORPORATED RttHESTER OIOCESAN BOARD OF EDUCAnoN AND ITS SUBSICIARY INOEPENOEPIT AUDJTORS. REPORT TOTIIE TRUSTEES IcoiinNueDI In IWtrfthtrkntr4w8nourKknwnJ¥¥J oflh• rb0rfWo cwyany ￿ thWren¥kortMnIobl•￿O￿Ihe e4xn•ol the w• ￿¥•￿Il4•n￿￿Vd MI￿rial mwial•mw¥inth• SM•gl¢iwrtorlh•+Jlr￿￿, r•pon In(4uOBd iTh• l)W16&s' r•port. Wo l%vB notNrg rewi In le5￿￿of￿f￿knln9 mattarnin rthtknn tts¥ 1Tho Cthw8rd8$AL#2(f6fwes us to report rf. In Qur wallion.. In• p•wt tyJmp4ty h•S k•PI •dwt• re0y￿.. the parnnl farnPAnyflnardal 51al£mèhisar4 nolln4wno￿ the r8t4ffj68nd rltwns or rt•nrfix409u￿$￿trjst89¥ rwnunèrotiun spe￿fiEd by Mt mods.. or nol iK•wd 411 the exF4in•bun8w• OLY wdrf,. or the Mt •nlllltrJ to preparo the flnanthl siat4menlsin ar￿7￿￿￿1htho cthryKd••rngW eBfjv8nt￿9 olthe smHll c47mpa￿S ¢xornpUonlnpr•pty theTruees 1rdiu￿ R4Nyi. R••pty)•ljllNl•#￿llull4 Al mN•fiAly Irlh• truto•a' roWn￿￿1￿￿s￿l￿￿4nt s•1 4ul On Pg9• 10. thtr¢Jw0Lao￿orlhpL￿anIabh CUnPWVforlhEwrfft8 8￿r¢S￿l$￿10rthfr wty8rnI¢n ￿01aMonL$th7d lty blV4 Ihbl they giY&8 and anoftsuc inin •• •e• 1•Wrrn￿lo nK•UBry 10 •n•bknlhe prfparnuon 01fim￿&l Itst•rn￿I& lrn• frDm rnIa•l￿￿ni, ¥￿￿h•T dufr iofrwd •[ •mJr. In prnwng IhfyfinAndal sthwmDniB. Iho b￿St￿e%4￿rn4￿￿tkntr a$S￿￿9th0 thit•bJ•toryy'& o)nllrw a8buDW¥J o)n¢6m, I￿S￿, •$ 8Wi¢0i4p. mottors rlltedlO6Wg conarym u&ng ￿ Wng v••pon•lbllttl•Af•Flh• iudtt ollhA flnirtlil from mBWrf8lmi￿a10rnqnt, ￿￿ethEr du• to troLtorqfftJr, and tols8uo an a￿1¢0￿$ rgpurtlh•l Indthsour op5n￿. RoasonBtIè OGGui8ra 13B highlMlol4ssurdnEg. 15 nol a guarnnlg9 audl rth$JCt￿ in •w￿d￿￿th IS41 IUKI d¥¥ay# 4 mAiorW ml8st•tqm•nl bl •xls18. ￿mi￿Orn￿nIs￿n 4rf Imm Ir￿0 or¢r(or and ir• r￿M￿￿Ere0 mai•1￿111, Inth￿d￿llY orln t￿ oggT•yle, th￿ r•uhY •xperi•d lolnflu•rK• thg erx¢thG 0￿#¢n¥ ￿kon ¢n N ty4•ofth•ae fln•rd•l #lawn￿5. 081•1s oflh••xi•ni ¢•wtyth th••JdlIw•$¢onldo￿IcOp0ts• olL¢•￿Ing FTrOu￿￿•I. inthJdlnR tr4udwd t￿PI￿n¢t wth And fegLAei¢n$. tyJi Pi4)C8duies lo1￿n9. rn•n•pm•nl hw•• •ny •ttu•l, i•pd Ir￿￿.. dis￿￿51r￿4fr￿jfig ttrAI ty•0thii•nl te4rn anowrwe fraud ndghl OtoJr1hiP•lln•￿ 4tem•nts obl•￿n9 •n und1rdli￿]ty01lhI l•y41 •nd rn9uWOry Ir•ffwuki thlllh• t4wny op•rnt• In,14•J¥hTra Page 12

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND fTS SVBSIDIARY INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES ICONTINUEOI Aud51 respons• to rSJks Idèntffled Our proctrjures to ￿SpOnd to risks identified included the folkThing'. reviewing the financial slalemenl disclosures and testing lo supporting documenlalion lo *SSe95 complianc8 with r8levanl laws and regulations discussed above: teading minutes of meetings of those charged wrth govemance., and, in addressing Ihe risk of fraud Ihrough managemenl override of conlrolg. le$ling Ihe appropriateness of ioumal entries and other adjuslmenls., 3$s￿51ng whelher th• judgements made in makon9 accounting eslimales are indicalwe of a potential bias- and evaluating the business ralionale of any ¥ignrfic4nl Ir•nsadion¥ Ih•l fjre unu¥uo1 or outside the nomal course ol busines5. gained an understanding oflhe legal and regulatory framework applieabk lo the company and induslry in which il op•ral•s. and consid&red Ihe risk of act8 by the company which wer• nlrary lo applicable laws and regulation5. including fraud. We de5Nned audit procedures 10 respond lo the rtsk, recognising that the risk ol not detecting a malerial mbsslalemenl due lo fraud is hwher Ihan lh• dsk of nol detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery. misrepresenlalions or through collusion. We locused on laws and regulations Ihal coubj give rise lo a material mis$latery￿nI in the company's finarKial 81olemenls. OuT18915 included, bul wero not limil¢d lo.. agfeemenl of the finanual slatemenl disclosurÉ$ to undetying supporting documentation,. enquiries of m#nagomenl', review of minutes of 804ry1 meelings Ihroughoul the wriod; and nsidoring effeCtr￿neSS Df control envifonm•nl A further description of our fèspan$ibili1￿9 for the audrt of the financial slalemenls ig locoled on the Financial Rèporting Council's w8bsito 41.. .Irc.or .￿￿au￿110rsras onsibi .Thls descnplion foms part of our au4rtoff$ report. Lls• of our report Th1$ report Is m•de 801ety lo lh• chaiil•blo comp•nfi m¢mb•rn, •• • body, In •CGQTdwnc• with Chapter 3 of Part 16 01 the Companies Act 20rA. and lo the eharilablè t￿MpanY'S Iru$lee$, •¥ a body, in accordance wrth Part 4 of thè Charities {Accounl$ and Report$l Regulalions 2008. Our •udll work h88 b••n undertaken $0 that we might $lale lo Ihe ch•rilable company's fflembtsrs •nd Iru51ees Ihose mallefs we are required lo stale lo them In an auditors fOPOrt and for no olhor purpose. To the lullesl èx1enl pemrtled bylaw. we do nol accept or assume T8sponsibility to anyon• oth•r thon Ihe chafilable company, th& charil•ble company's membern As 4 body #nd th? arilable company's Injslees as a body, for our audrt work, lor this wrt. or for Ihè opinions wè h•¥e formed. lan VVeeke8 Senior Slalulory AudStor For and on behalf of Crowe U.K. LLP Statutory Audrtors Medway Bridge House 1-8 Faimieadow Moidslone Kent ME14 1JP 16 June 2025 Page 13

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY CONSOLIDATED STATEMENT OF FINANCIAL AcnvmES (INCORPORATING AN INCOME AND EXPENDITURE STATEMENT) FOR THE YEAR ENDED 31 DECEMBER 2024 UnftStrlct•d Rostrfctod Endowmont Funds Funds Funds Total 2024 rotal 2023 Note• INCOME FROAI: Charitable acti￿lIeS Other liading income Inveslmenl Ine4m8 Other income 1,396,426 1.396.426 102.801 191,878 16.387 1.412.457 115,880 187,804 102,801 8,547 7,151 176.178 8,681 TOTAL INcoMe 111,348 1,411.283 184.8Sg 1,707,490 1.729.2 EXPENoiniRE ON: Other tradin9 C051 Charllabl• a¢llvltl•s'. Schools, %%vrk Dèpartment of Educallon gran18 project8 45,380 45,380 59,342 613 355.395 1,500,820 358,008 1,51X),820 320,793 1.478,883 TOTAL EXPENDITURE 45,973 1.856,215 1.902.188 1,159,01• Ngt Incom•ll•xp9ndltur•l lor lh• ymr boforn gln•llo•w￿ on Inv•8trnonts IS,376 1444,•J21 la4•S9 1114,698) (129,7201 Unr•allitd galns on inb8lnwn 11 16,948 286.059 303,IK17 473,484 Not In¢omg11gxp•nd5tuiel fgr tho y￿1 82.323 (444.9321 470.918 100.309 343, 7 Transfers betv￿n funds Tran8fer8 b•tvrten fund$- Unapplled Tol•l Relum 14 17• 340,538 {340.538) M•t mo￿￿*nt In fund8 82,323 1104,3941 130.380 10C309 343.756 Fund balances brought fomard a$ prew'ousty stsi¢d 17 344,981 335.663 6.079.lJ44 8.759.688 6.415,932 Fund balances carylod foTward 17 427,304 231.269 6.209,424 8,067,997 6.759.68• The above slalemenl ￿￿taInS all the g8lns arKI 1088es recognised In Ihe current ond preceding year. I Income and ex￿r￿lI1￿16 r•lat•• lo ￿ntInUIr￿￿ operallon8. Thè Th)les on page8 19 10 37 fom part ol Ihe8è fin8ncbal 81alemenl8. Page 14

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATIOM ANO ITS SUBSIDIARY CHARITY STATEMENT OF FINANCIAL ACTMnES IINCORPORAnNG AN INCOME AND EXPENDITURE STATEMENT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unr••lrfctsd Unrn•trf¢t•d R••trl¢t•d End¢)wmon¢ Funds Funds Fund8 Funtts Corpornt• ConJolld•t•d Edu¢atlon41 Endowmonts Incoff• Capmal Totsl 2024 T?tsl 2023 School Impmi•m•rt• G•n•rnl Not•• INCOME FROM.. CharilaD acllvtties IrK•me fTcm SU￿41¥ry Irwestment incoTh¢ Other Ir￿me 1,396,426 1,398,426 57,441 1è1.876 1,412.457 56,S3 187.504 $7,441 613 7,934 7.151 176,178 TOTAL INCOME $8,OS4 7,9J4 1,411.283 184,859 1,662,130 1.669.948 EXPENDITURe ON.. Charitable actlvths SchL)Js' work oop￿rn•￿t ol grants y4ecl$ 813 355,395 1,500.820 3%.008 1,5W,820 320,793 1,478.88J TOTIL EXPENDITURE 613 1,8S6,310 1.866,828 1,799.870 N•1 Incornell•xp•ndMur•l lorth• yMrb•forn g•ln8lloswB on In¥•4fm•nts 57,441 7,•34 444,•J2 184,869 (129,72 Unre81i$ed qalThs on Investments 16,818 286,05? 303.007 473,484 N•t In¢orn•ll•xp•ndlthr•l lorth• ymr 57.441 1444,9321 470,918 108,309 343,756 Tmn$fws tthe8n lund8 Tr•NJl•rn t￿￿¢￿ lundi. Unappll•a Toi•l R•tum 14 178 157.4411 57.441 340,538 1340,3361 t ma￿￿nI In fund• •1323 1104,3941 130,380 108.30• Fund ￿lane•S bfoughl lomard ¥8 previovjty ¥latqd 17 344,832 335,e63 6,079,OM 6,750,539 6.415,7 Fund bal•nGM ¢ath•d lorwa 17 427,1 231,269 8,209,424 6.067,848 0.759,539 8tat•mni t￿thIn$ ¥1 the pins aryj losses ro¢tsanis¢d In the ￿rrent aTrY pr•c•aing y•8r. Al kncom artrj xpendilure retsies to conUnulJvJ op•Mtion$. The ncth on pago$ 19 10 37 fonn part ofth•w finanriol $tstwrrtts. Page 13

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SU8SIDIARY CONSOLIDATED BALANCE SHEET - COMPANY NUMBER 46014 AS AT 31 DECEMBER 2024 Unr•strict•d R•$trl¢t•d Endowmont Funds Funds Funds Total 2024 rot•l 2023 Nots8 Fkn•d A85•ts Ton9iblè Fixed Assets Inv681menls 10 11 10.007 231 269 241,276 238.311 6.258 696 6,497,007 248.318 6,703,474 6.951.792 225.157 6 400.467 6,625.624 213.509 Cufr•nt As¥ets Deblors CBF Deposits Sora8in Oeposil$ Bank 08posi18 C18h al Bank - Cuffenl Accounl Cash al Bank - 8usiness Reserve 12 62,269 48,811 5,147 21,102 15 67,418 69,913 15 25,910 25,000 58 248 246,502 72,857 73,955 25.910 68,864 25,000 82,695 323,371 312,583 {287,583} 100.000 236.990 297,095 1287,583) Curr•nt Llabllltles C￿￿110￿& 13 330.297 330.297 189,307 189,307 23.195 307,102 N•t Curr•nl A•••tsl{Ll•bllItl￿) 213.795 10.007 287,583 183.795 134064 Tolal Assels Less Currenl Llabilrt$ 427.304 231,269 8,209.424 6.867,997 6,759,688 N•t A•••t• 427.304 231,289 6,209,424 8.867,997 6,759,688 Fund• Unreslrlcted - Gener81 17 De819naled - School Improvèmènts 17 Restricted- Conwl Edu Endowmenls- Income 17 Endowment- Consol Edu Endobwnenls- Capiial 17 Non-eharilable Iroding funds held by subsldiary 17 1511 427.155 1511 427,155 231.269 6.209.424 200 (51) 344,832 335.fj03 ,079,044 200 231.269 6,209.424 200 427.304 231,269 8,209,424 6,867,997 6.759.618 These accounls have been Prepar￿ in accordan& with the Special provisions of Part 15 of the Companies Aci 2006 relallng 10 $mall enlilies and In gccordancy) v￿th the Financial Reportlng Slondard IFRSI 102. Approved and aulhori8ed lor issue by the Board on 4 June 2025. The Rl Rev. S 8urtonwJone8 Chair of the Board The notes on pages 19 10 37 form part of Ihese financial $laiemenis. Page 16

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY CHARITh BALANCE SHEET- COMPANY NUMBER 46014 AS AT 31 DECEMBER 2024 Unr•strlct•d Unr•8trlcted Funds Funds CorporAt• Funds G•n•r•l Restrl¢tsd End4)wm•nt Funds Funds Con$olldat•t1 Edu¢aiional EndDwmonts Incom• C•plL•l Totsl 2024 Tolal 2023 School Improv•monts Not•• Flx•d A￿ts Tangible Fixed Asset$ In4w$lment• 10 10,007 231 269 241,276 238,311 6.258 696 6,497,007 248,318 6 703 $25 ,951.843 225, 157 6 400518 6.625,675 51 51 213509 213,509 Curr•nt A•••ts Debtors CBF Deposlto S8rasln Deposll$ Bank Depo8118 C•sh al Bank . Cuffenl Acuunl Cash al Bank- Buslness Rese 12 51,441 36,295 5,147 21,102 15 56.588 69,913 15 25.910 25.000 58.248 235.674 65.907 73.955 12,516 25,910 68,864 25,000 312,583 1287,5831 100000 213,646 12,516 297,095 1287,5831 316,421 Currnnt LlabS1ft1•• cT￿ltOrS 13 307,102 307,102 182 557 182,557 12.567 319,669 N•t Curf•nt 4•etsllLl•bllltkn} 213,648 110,0071 1287.18Jl 83.9981 133.864 Tol•l As8•18 Less Curronl Ll4bllSlle8 427,155 231.289 e.209,424 6.887,848 6, 759,539 N•t A•••ts 427.156 231,289 6,209.424 6.867.848 0,759,5J9 Fund• Unrestrfcted Restrlct•d Endowfflfjnt 17 17 17 427,155 427,155 231.2e9 6,209,424 344,832 335,663 6,079.044 231,289 6,209,424 427,166 231,269 6.209,424 6,867,148 0.759.539 Th•s• Ittounti hav• b••n pr•pr•d In ccord•nc wlth Ihe 8p•dthl provl8lon8 ol Prt 15 ol tha Comp•nla8 Acl 2006 rel•llng lo sm811 •nllll•$ and In accordance wilh the Financlal Reportlng Standard (FRSI 102. ApprO￿d and aulhorisgd for l$sug bylhe Board on 4 June 2025. The Ri Rev. S Burton-Jone$ Chair ol the Board The notes on pages 19 10 37 fom part ofthesfj finarKial ststemenls. Page 17

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY CONSOLIDATED CASH FLOW- COMPANY NUMBER 46014 AS AT 31 DECEMBER 2024 Totsl 2024 Total 2023 Net incomel{exp•nditure) for th• year 108,309 343, 756 Depreciation Unrealised (gains) I losses on inveslmenls Disposal of fixed assets {Increase)Idecrease in debtors Increasel(decrease) in creditors Net cash inflow from operating activitles 9,070 (303,007) (7,706) 5,441 140,990 (46,903) 11,272 (473, 484) (4,468) (15,669) (307, 353) (445,946) Receipts from sale of fixed assets Payments to acquire fixed assets Payments to acquire investments Net cash {outflow)linllow from Inv•$tlng actlvltle• 15,119 {24,525) 124,525) 14. 728 Increase in cash in the year (71,428> (431,218) Cash and cash 8quivalenls brought foTrvard 250,514 681, 732 Cash and cash equlvalents carrled forward 179,086 250,514 Page 18

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES The finandal $lalements have been prepared Mi accordance with Accounting and Reportlng by Charfl6&5.' Slal&menl of Recommended Practlct applicable lo chadlle$ preparfng I￿1¥ accounllng In accordance vllh Finaneial Reporting Sl8nd8rd (FRS) 102. the Statement of Recommended Practice lor Charlttes (SORP 20151 Isecorbj Edition. effeets've January 20191 and the Companies Acl 20C6. The financial stitements have been prepared under the hi$loric co$1 conVen￿On with items recognised at cosi or Iransatlion value unless 01he￿se stoled In the felevanl accounlln9 pollcy note. The charity consiitutes a publte bèn6fit entty as dèfined by FRS 102. Accountlng sta￿l3rd5 requlre Ihe Trus1￿ lo conslder the apkYWaleMss of the gc4ng concem basis when weparlng the financial slalemenls. ) Consolldatlon The con$olidaleil fin•nclg1 sl•l•menl¥ Include the ¢offlpar)y •nd Ils subsldlory. Inlro-gfoup $ale8 and Incom• ore •llmlnal•d on consolidallon arnl all sales and Inco￿ figufes relale lo exlefnal IransaLYlon5 only. The subsldlary's resutts have been consolidated on a.line by li￿. ba￿8. bl Intom• Donation¥ and leg8cie¥ are accounted for as soon as their amounl receipt are certain. In the case of dMaliorK% this is u$ublly Jre receNed. ￿1 other Income18 •ccounled for U￿er •ccru•ls conc•pt. cl Expgndltur• Expendlluo Is aCco￿te¢l for under Ihè acC￿al$ c(￿¢¢pt Indu51ve of VAT. VAT l¥ I￿lL￿d 0511 l¥ nol recoverable by the Chadlable Company. Gov•min￿ coslil are tho89 coyl$ Bisodaled ￿th cl￿$11t￿ll0naI stfjlulory requlremgnt$. dl Inv•sthi•nts Inveslmenls are included In the tsala￿e sheet al eld pdc• apart from Ihe In¥81menl In IM $ubsldl8ry company vthich Is Incl￿e￿ 81 cost. RealS6ed galn8 or1098es on Sale of Inve3lmenl8 represent proceed¥ of le$5 the approprlale proportlon of the openlng ￿ryIng value and are Sho¥￿ In Ihe Slalemenl of Flnancial Aclivllles. UnTealls8d galns or10$888 on revaluallon of Inveslmenl8 are shown In the Stslernenl of Flnanclal Activllle•. •) Alloc•tlon of •xp•ndllu Common, share(16tem8 of expenditure are apportloned lo Ihe different areas ol work based on It number of employees ¥￿thIn each area. The Irrecoverable element ol VAT18 Induded wth iiem6 of expense lo ￿1¢h il relaies. fj Funds Reslrfcted funds are fvnd3 subject to 8pecifi¢ condS1ions Inwsed by lh• dornr vthi¢ •r• blnding M lh• Tntylees. Unreslricled fund$ have no reslrfctlons on IPNrylr LM•. Designale(I funds 8re a fom ol unresldcted fvnd, has been allocated or de8lgnaled for speclfic pu￿8•6 by the Charitable Company itself. The use of designaled furKIs for iheir designated purpose will remain al the dis¢Yelion of Ihe Tru$lees. End¢)wmenl lunds are restricted lund8 vknose Ir)come can be used lo fun(1 schools, woth. The Corpornle Funos a￿ unreslricled funds. Ihe Income FU￿ ol the Consdidaled Educalional Endowments is a ￿tricted luTh1, the Capilal Fund ol If Consolidaled EdLtcalional Endovrnents Is an en￿o￿left1 lund and the SchocA Improvemenls Futvj is an unre8lricted fund. Page 19

INCORPORATED ROCHESTER DIOCESA14 BOARO OF EDUCATION AND ITS SUBSIDIARY NOTES TO THE F114ANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. ACCOUNTING POUCIES ICONnNUEO) 91 O•pr•¢l•tbon D•Jxecialion is prov￿ed on all tangit4e fixed assels in use, olher than tre¢hold land, al rates ¢akulated to ￿lt& off tha ¢tssi or v&luation, Iw •$timat8d residual vAlue of Ihe ossfyt ov•r its eycl811 Ille. as follows.. Ffeohold Buildin9$ No depreciation is provide¢J as the residual value of th8 prO￿ri181 1$ $uch Ihal any depwation char9? would b8 immaleri¥l to th8 account$. Inve$lm8nt Properly is hd¢J al its open mgrk¢l V8lue. Depr￿latIOn 1$ not chorg•d in accordon¢e ilh FRS102. over 1 year. ov¥r 4 years. Inv•itment Proparty K4obilo Classft)oms Motor Vehicle$ Asg$ts a cost tsfb¢low£1,500 a￿ not ¢APitalised and Orè tharged as an oyns• ) Ihe Slatemonl ol Fin8noal Acbvits'e$. h) P•Mlon• The assels of the pension scheme are hehl separatety from thosa of the Board and are invested with Ihe Ecclesiastical Iniur8nce Group un¢J•r th• ivperviM ol the scheme Twst•tt. The 8oard'8 CtN)tribution to tho gth$me rJ chargo<110 11$ Income and •xp8ndilufe as conlfibulkryns are made, 08 discltrsed In ncte 16. 11 Granlo Gr•nls mbdts by Ihe 808rd w• trè•ted as exp•nditur• fion tl*y •rtr •pprov•d. 11 Ll•blllty r•cognltlon LiBbililies are recognised vthen an ollvJBtion ari5•$ to tr¥n8fer KtsnomK beneffits 0$ a result ol past tr•nsacllons Of events. h) D•blOrn Tr8d$ and othtrr d¥blofS 8r• rec09n1￿￿ at th• s•ttlernenl amount due. Prepaymonls are valued 81 the prnnt pwaid n•t of ony Ir•dè di&e4unt$ 4u•. In preparing th• ffinancial statements, the Trustees arg required to rnake c¥rt•in jud9emeni$ #nd e$tsmat&s. Th& kay judgements and 88tim¥teJ ar• consKlered to be th• v8lu8llon ol inveslrn•nl property. Th• Tru8t•eg Consider that lh• ¢Arrying valu• of th• Social inv•Jlmonl property 01 £205.857 liee note 10110 • lair reprg$•ntJlK>n of th• op•n m•rk•i v•lu• ol Ih•i property. Page 20

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SU8SIDIARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 2. EDUCATION ACTS 1944 .1973 AND 1990 The Consolidgted Educational Endowments Funds emanate from the Sale proceeds offomer school buildings and from endowments of closed schools. On 9 Novembèr 1994 the 8oard of Educallon passed a resolulion under what 0$ n¢)w Secllon 557 of Ihe 1996 Act to adopt the unrfomi slatulory Ifusls in respect of funds hèld under Section 86 schemes and Section 2 orders and to consolidate the lunds •nd endowmenl$ a¥ 'The Oloc•so of Rochest•r Consolldaled Educational Endowments". 3. CHARITABLE ACTIVITIES GRANT INCOME Cgnsolld4tsd 2024 Charlty 2024 Consolldal 2023 Ch•rlty 2023 Consolidated Educational Endowments- Grant In1￿me Oepartmenl of Educ4llon gr•nl8 Contributions from Schools 1,268,210 128,216 1.2e8,210 128,216 1.284, 186 128,271 1,284, 186 728,271 1,396.426 1.396.426 1,412,457 1,412,457 4. OTHER TRADING ACTIVITIES Con¥olld•ted 2024 Charlty 2024 Consolldoted 2023 Charfty 2023 Corporate Funds- Geneial Thg DiocAgsan Schools Agency Ltd - 8urplu$ Contribution to staff costs 51,441 6,000 51.441 6,000 50,538 6,000 50,538 6,000 67.441 87.441 56.538 56.538 Page 21

INCORPOIi4TED ROCHESTER DIOCESAN BOARO OF eDUCATIQN AND IT8 8VBSIDIARY 140TES TOTHE FINANCIAL STATEMENTS ICONnNueDI FOR TrIE YEAR ENDED 31 DECEMBER 2024 S. NeTIN¢OME FROM TrADINQ ACTivinES OF SU&SIOIARY Con•￿Id•ll￿ Cwisolld•t• 2) 17.76B 24,450 1,123 7.122 In5pecIth .79S A¢8ttemy ￿nvers1[ 49.038 JT.381 Sth>ol SnyrO￿Mtn 16.700 98,801 21.432 109.880 Exp•ndlly Tr8¥elllry •nd AThJry S•l•ry coili ¢LXWS8 p￿$￿0) Le9ders￿P G￿le(￿r￿• Imwov•m• 1,200 7.￿0 4.023 r.468 J6.440 5.8Jtr 59.342 26.102 6.43S 45.3eo Audll Noi•8 Surplus ¥vdI￿ry 8cll¥lll•$ prfw Ip lOd￿ty Contrfbthit￿ to 81811 c05t& Amounl lo ￿ Iran￿•Th•d 10 dwty 51.441 17,Tr)01 f7,000} 1. 114COM£ FROM INVESTMepns Con•did•i•d 2024 ¢h4rtiy 2024 con￿14•¢•(1 Ch•rliy 201J Owt•d Inw¥lm•nt• Corpornl• Funda. G•rrtr•l CBF d8posS1 Ini¥ 813 613 813 522 522 522 522 S(pol Inv)￿mIn￿ CBF dwsll1•14vuI 88N1rt8res1 Slrnth Ir¢¢oma dI￿bulle Ini8re1i 1,819 507 1.819 507 S,799 1.137 4T8 5,458 18 7.091 I, IJ7 478 5,458 18 7,091 7.934 7.934 cOn￿lIa1•d En¢lNThqn¢s. Cvpiiil ceF Iw•simoni Fund S4ran Incom¢ rfi¥lrtbulie• 109.072 101.072 07.10 176.178 IQT.403 107,40J 176.178 170.663 ITO,663 Conwll4Ri•d Edu¢olW EndMi•ni8. Ir￿￿1? CBF d•ptsiII Inierost sar0￿￿ Inl•r•ii 2.077 104 4,370 2.677 104 4.370 4T83 4T83 69 3.685 3,685 R•ni ft￿￿￿tI• 7.151 7.151 9,528 9,528 1•7,101 f•T,801 1nveslvrtlnw￿rfa1e¥ tokKryne 92Th8rat8d kn erthTnth4$ 10 8W th¢ChllrfIab￿ in S￿￿1*. Pw22

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 7. OTHER INCOME Consolidated Charity 2024 2024 Consolidated Charity 2023 2023 Consolidated Educational Endowments - Capital Rents Receivable Consolidated Educational Endowménts - Income Profit on sale of motor vehicles 8,681 8,681 8,681 8,681 4.468 16,387 16.387 13.149 13,149 ANALYSIS OF COSTS Con8olldated Charity 2024 2024 Consolidated Charlty 2023 2023 Corporate FurKls - General Staff charges - Costs Dlrect 613 613 522 522 613 613 522 522 The Diocesan School Agency Ltd - Costs Direct 45,360 59, 342 Note 5 45,360 59,342 Consolidated Educational Endowments - Income Schools. lesllval Staff charges- Costs (Note 9) Depreciation Motor vehlcles Office costs Equipment costs Revenue Grants Audit costs - Go¥emance costs. Direct Direct Support Support Support Support Support 498 293,341 9,070 45.108 (512) 272, 984 11,272 27. 727 (512) 272, 984 17,272 27, 727 293,341 9,070 45,108 (344) 7,722 (344> 7,722 1.780 7,020 1. 780 7,020 355,395 355,395 320,271 320,271 Included in Ihe Schools Work costs is an amount of £7,722 for audit fees (2023.. £7.020). Total audit fees for the Charitable Company and its subsidiary amounted to £12,61312023.' £11,466). Consolidated Educaltonal Endowments - Income Department of Education grants projeds - Costs 1,500.820 1,500,820 1,478,883 1,478,883 1,500,820 1,$00,820 1,478.883 1,478,883 Page 23

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 9. STAFF CHARGES Congolldatsd Charlty 2024 2024 Consolldated Charlty 2023 2023 Wages and salaries Social security costs Other pension costs Pension administrats'on costs Employee life cover costs Travelling and sundry expanses 203,247 21.660 26.629 19,216 9,239 13,963 203,247 21,660 26,629 19,216 9.239 13,963 192,980 20,244 25,401 13,240 8,235 192,980 20.244 25.401 13,240 8, 235 13,406 293.954 293.9Y 273.506 273,506 Corwrale Funds - General Management and administration of the Charty 613 613 613 613 522 522 522 522 Consolidated Educational Endovments- Inr￿rne Note 8 293,341 293,341 272,984 272,984 Total 293,954 293,954 273,506 273,506 The average monthly number ol employees was 3 (2023.. 3). The numbeis of staff whose emolumenls1Sncluding taxable beneffts in klnd but excludlng employe¢$ pension contn'butions) amounted to mre than £60,000 were as follows: 2024 Number 2023 Number £60,001- £70,000 £70,IXJ1- £80.000 £80,￿l- £90.000 £90.1Y)1- £100,000 None of the Trustees recelved any remuneration In Ihls or the previous year. Amounts paid to Trustees for reimbvrsement of expenses totalled £Nil (2023. £Nill. The number of Trustees accruing benefits under defined benefit penslon sthemes was Nil12023.' Nil). Remuneratlon of key managem•nt per•onnel The cost to the organisation of remunerating Key Management Personnel VAS £216,50512023.' £205,880). C¢)sts include gross pay, employe¢s pension, employerfs Nl, taxable benefits and ￿ntraCtualS, payments. In addition to the Twstees. key managemenl perwnel are deemed to be those having authority and responsibility, delegated to them by Ihe Trustees for planning, directing and controlling the activities of the Diocesan Board of Education. Dunng 2024 they were'.- Dlrector of Educatlon Deputy Director of Education John Constanti Gemma Hitch Page 24

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 10. CONSOLIOATED ANO CHARifi TANGIBLE FIXED ASSETS Ffo•hold So¢knl Inv•8tm•nt Piop•vty Prop•rty Motor V•hlcl• Mobl1• Cl••sroom• Total Cost of valuation At l J8nu8ry 2024 Addltionty D15posals 10,OOT 204857 30,995 38,925 30.995 16 246.875 36,925 At 31 D•c•Thb•r 2024 10.007 205.857 38.925 16 254,805 D•pred8lion Al l J8nu8ry 2024 Charge loi year Dlsposals 21,718 9,070 24.301 21, 718 9,070 At 31 D•cemb•r 2024 6.487 8,487 N•t Ibook ¥•lu•• At 31 D•c•mbor 2024 10.007 200.857 32.438 16 248.318 Al JI Ihcamber 2023 205157 226 157 Mobile classroom¥ are wrftten down on 8cqulsilion lo 4 nomlnal valuè 01 £1 since they are considered to have no nel reallsablg v•lug lo the ao•rd. The fr¢ehold propety consisls ol one piece of land al a co81 of £10,000 at the Bgnnett Wfflort81 CE Sett*ndary School and seven opon schoolj whl¢h •r• Indud•d •1 o ncAnlnal ¥•lu• of £1 •&th whlch i•llects ihe lack of realls&bl• volu• ol th• 8¢hool$ lo th• Boord. The sodal In¥eslfflent propeity compr1￿$ addibonal ¥ccommodolion purchased lor Ayltr$ford Sl Peterfs CE Primary Sthool al cosl 01 £205,857. Th• ¢h•rlty r•¢•lved qu•rterfy r•nlthl In￿m• 01 £2,170 In respect ol Ihls property. No depr•d•llon w•8 ch•roed In tho yeaf. The Sodal In¥•$tm•nl prop&rty Is Inlegr81 lo Ihe iehool, wllhoul whlch the School cannot op¢rat• •nd 08 $u¢h coukl not be ￿ld without Ihe sthool closlng. The renlal ylold Is •pproxlmalely 4.2%. On Ihi5 basis, the Truslees conslder £205,85712023.' £205,857) repm￿ntS th8 falr value of th• sodal inveslment property. Page 25

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SU8S1DIARY NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 11. IMVESTMENTS Co•t 2024 M•rk•t Vlu• 2024 C•8t 2023 M•rt•t V•lu• 2023 Quot•d Inv•Btm•nts ceF Invfjstment Fund Sarasin End¢)wmenls Fund Cla$8 A Inc- DBE Sara￿Th Endowmon16 Fund Cl8ss A Inc. School Imp. 796,477 1,764.870 150.fj51 4,019.175 2,470,790 213509 796.477 1.764,870 3,929.241 2,274,665 196.561 2,711,998 6,703,474 2,711,998 6,400,467 Unquot•d In¥•strn•nts The DSx•8an Schools Ag•ncy Ltd 51 51 6.703,525 6,400,518 2024 2023 eroughl forward al 1 Januory Additions OIskiosaL8 Unre¥lls•d gIn￿{lo$s•s1 Reo11$od g•ln$llb$se$l 6.400,467 5.926,592 391 303,007 473,484 co￿led fopward ¥131 Deumber 6.703,474 6,400,46T All quoted Invgstmonls arè tier one inveslrnonl8. The £51 unquoted Investment felJte& lo Ihe co8101100% 01 th•188ueil ordlnary Shore ￿pItal ol Ihe Oth•Jan Sch(M)Is Agency Limlled a company ceglstered in England and W¥los (Reg no 28922691. It is a tradlng company which Iransfefs all taxoble profils lo its holding company, Ihls Charitsble Company. Thts amounl transferred io Ihe tharity exduding slaff cost ¢onlrlbullon w8s £44,441 12023.. £43.5381. The aggTegal• of shore cèpt81 and reMry•8 WO8 £20012023.. £2001. Th• CBF Inve$lfflenl Fund's share value wlll rellect fluctuali¢>ns In 8h¥re prlces and currency exchange r8tes. The Fund Include$ lanoibltr 08891$ $u¢h as proparty. Any propeity wllhin lh• Fund18 valued by In èxtemal propèrty vlluer: •ny such valuallons of¥ a matter ol oplnlon ialher Ihan IKI. Th• Sarnsln Inv•slm•nl Fund's 8h¥r• value wlll rellect flucluatlons in 6hare prk•s and currency exchan9e r•t•$. Th• Fund includes tsngible assels such as property, Any property wilhln Ihg Fund Is valugd by an exlemal propety ¥alu•r', any such valuaiions are a matter of opinion r¥lher Ihan fact. Page 26

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ÉNDED 31 DECEMBER 2024 12. DEBTORS Consolidotsd 2024 Charity 2024 Consolldat•d 2023 Charlty 2023 Consolidated Ed. Endovhnenl$- C8pllal Other Debtors Rent Receivable Consolidated Ed. Efido￿qnenls . Incom¢ Olhgr Oeblors Contributions from Sthools receivables C8F Inveslment Fund interest Oloco8an Bo•rd of FSnance 4.122 1.025 4,122 1,025 9,988 9.988 5,147 5.147 15.369 15,369 Unreslricled Fund5 Di0￿San Board of Flnanc Amounts *Jue from RDBFrrhè DSA 62,269 57,488 62,269 51,441 57,488 50,538 67,411 56,S88 72,857 65,907 13. CREDITORS CoThsglld•t•d 2024 Ch•rMy 2024 Consolldat•d 2023 Ch•rlty 2023 Conjolldaled Ed. EndovKnenl8- Income Other CredlloryJ SCA 9ranl¥ payables Conlrlbullons Irom Governors pbyable8 Diocesan Board of Finance Bequesl for reli9ioU$ artefgd5 Trust funds held on behall ol Ihlrd porlle$ Audil fees 255.972 24,427 25,046 103 10 255.972 24,427 25,046 103 10 156.946 12, 140 156,946 12. 140 103 io 103 19 307,102 307,102 170,603 1TO,603 Corporale Fund$- Gener•1 Other CretJilors Dlocesan Board of Flnance AccNals and defewred incA)rne Audil lees 10,$82 6,389 7,238 6,338 11,466 78, 704 6,616 11,954 23,195 12,$67 330.297 319.669 189.307 182.557 Page 27

IMCORPORATED ROCHESTER OIOCESAII BOARD OF EDUCATION AND ITS SUBSIDIARY MOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDEO 310ECEMBeR 2024 14 TIIANSFERS 8EIWEEN FUIXIS Ther• was a transler d £57,441 Irom tr Corp)rnte FuThJs Genero1 lothe SC￿￿ Irrswvenwt Fund that relales tts th $UlPYus in $pecl ofthe trading $ub5klkqry. Ther¢ wa$ alw a Iran$f¢r ol una01 loial rotum 01£340,538 from Coptal FUTh1 to Re¥enu8 Fur￿. 15. RELATED THIRD PARTY TRANSACTIONS Emplwwj oflh• R¢xh•st•r 0￿￿•fi 8oard ol Eduutlon arn iolnUy employed ty Th• Rcthejler Dioc•Jan Society and Bo•rd of Finance'lRDBFI'. The RDBF operaies boih a defintd bènèfil pensty)n arrangemgnl and defined coninbjlion pensK)n schen￿, Shared HR, IT, Communicab￿ and financial adnynl5tratK￿ services. The RD8F charge an aPp￿tI￿rnenI of office a￿d administrat￿ èxynses for tho premis¢$. Somè Trnslees olth Board ol E¢knalloTh are apOThted by the Deanery syr￿$. During Ihe ye8r taxaL4e profits ol £51,44112023'. £S0,5381 %%ill ￿ Ir•nsf¢ffed from the Dict￿n S¢hod$ Ag8rKy to the Ir¢GYp)r8t•J Rochestei Oiorksan Board of Education. Nole 12 detsils the wwnt ￿t$landing a5 at 31 Decemter 2024 2023. A £6.LhJO 12023.. £6,000) eoniribulK)n tvard$ staff ￿91& was r•c•lved trom Ihe tiocosan schr1￿0 Awcy lo the Incorpornled R¢xhesler Olc¢sw Board rf edu¢aitM. At 31 Decemtw 2024 th8 RDBF hold • bank ovwilr8ft on ￿h#ll tsft￿ RDBE to¢alliNJ £31,43512023.. É9$71. Tho Board ol Eduwion 8cls as a m￿r¥￿th a b"mlled Ilats'llty of£10 lof the ￿h￿ing Mults Acodery Tru8t¥.'. AqulM8, WST. Amadeu$. Trinltss, Aelhia, ￿lgrim. Addrth)nalty the Ro¢he$ter DieLesan 8oard ol Ethealp)n also •PF<ints govemors to Vc4untary ded Voluntary CoThtroll8d Schools Tho DioCe￿n $¢h￿•s Agèw Prov￿•8 s￿le¥S th the Multi Aeaderty Trusts, Vcknntary d•d •r#1 Volunl•ry control￿ Schooli •t an anM.nglh b•￿¥ al Ihe dlscrnllon oftht th1•. As at Ihe 31 Dee4mtef 2024 the foll¢y+Mg was In respttt ol ￿lated paths . £4,122 wo$ OW•d by Church $¢h￿l gov•mlny bodi•$ nol• 12- D•blor8- Conldbuiknm from GMrnornl b. £31,435 w•5 lo the D￿e50￿ Board of FlThonc•. 1& PENSION KHeME Staff O•fin•d B•n•flt Sch•m• The ft￿1$1er Dioc¢￿Tr Sw'ety and Board of FiThanco'lRDBFI' 0￿rat#S a d•fintrJ b•nèfil p•nsion affarB•ment ealled t Roche8ter Trocejan Slaff RetIren￿￿t gen•fll Schen'llh• Sth•rnl'. ThiB 8th¢n 1$ ¢loi•d lo new fMmb¢ri. 1 rnemb•r ol •t•ff employed by the Board ts Included Iwthin th1$ sche￿. The stherne provides beneffts based on fiTr81 salOry and lenglh of servke on rel1￿j￿nI, lèaving ¥eFvi¢• ty dgaih. The discfosure8 exdude any glkmanch defin8d conlribthion scherne¥ operaled by Ihè Empbytsi. No •lbwane• h81 been rnJdé I￿ dlKrelk)Mry ban•fi￿. 8obrd ol EduC0￿"0n •l•ff thre￿￿tIY empitsy•d ty Ihfr ROBF and RDBE. Th• Schen15 subpcl lo the Statutory 0￿ctive under the Pénsions Acl 2004. A valualion ol th¥ S¢hemè is c4m+J out 81 least Or￿ every three years w ielemYThJ whether the Stslutory FuThJing OWlv• 1$ rrni. As part ol lh prtt•$s th• EmF4oy•f musl agree vllh the Trustees olthe Sceme thai tr￿ ￿)nIn.￿UCfflS to be pald to ￿t the Stslu¢Oty Fundlng ObR¢Ove. Th• rn￿1 i•e•nl efjrw¢h•nsl¥¢ acluarfd ¥•luo1ion ol th• Strrro wai carrl•d e•Jl as al 31 M•r¢h 2024. Tho n•xl V•lU•￿0Th oltho S¢hen is due 83 at 31 M8r¢h Z027. In the vent ih81 Ihe Valuat￿rt Mve81s J lar￿r d•lc(t than exFed•d the RDBF mgy be rÈquired to incrèase contribthions gts)ve those sel out ITh the •xlsling Schedule ol Conlribub0Th5. Conversety , If the p051tion i¥ beN¢r than exFé<¢d, ¢1 b p0W'b￿ thgt wlribult0￿ may be reduc•d., The Sth¢The 1$ mlnpged by o trKard of Trust¢es app)Int•d ) part RDBF part from•le¢tiMs by Th)iers Oft￿ Seh8m8. The Trustess h3ve responsibilty lor o¥laining valua11￿$ of the fvnd, adminlslering benefil payffl8nts and Inv¢$￿ thè Scerrt'$ as8•ts. Th• Truste•s d•ltyat8 sorne of these luna￿$ lo thelr profj5￿81 aJ¥isers Whe￿ aapropri•te. There were rw) pL•n arnendrnents, ¢Urtailmenls or xttletr•nts Ihrou9h the period. At 31 1)e¢¢n•r 2024 the FRS v•lu81iM, whKh is b¥8ed M diffèréni undertying assumplJns to the #d￿N81 valuatk￿, calculoted a the Sc￿Th of£2,836k12023.' t2.609kl. Under FRS102 the Employei is onty all(￿d lo recojnise such as8et$ in Ils balanc sheel to extent thal it can recover Ihe suwus erther thicugh reduced ¢onlribuknS In the fijluie or through relunds the p4an. As R08F 1$ Unab￿ lo recover the surplu&. the a8get v¥lu¢ of the at 31 0gc•rnbBr 2024 r•frt¢O in the RD8F aex¥)unti li nll. Tlws c(Knpares lo an asset Value of nil at the previ1￿5 review ¢ale. Th• Board 40 noi a legal polty to thé Sch•rre ond defi¢ft$, tt awicabb. •r¢ Indudld wthln Il RD8F annual ar£•Jnl$. Th• lundin9 •rrangtnnls for Ihis sth$m$ 8rn sot out in th& RDBF financial slat¢m&nts, th• Board's pww't>n eannol be Idenlrfd and thefeloTe no further details ol suwusesldeficits are included wthin Ihese aecounls apart fr￿ Ihe annu& ojnlrihrtws made ty the Board to the Scheme whth in 2024 totalled t22.27712023'. E21,2161. D•llned Contrlbulion Sch•m• A definod ¢th)lribuiion stherr* 1$ oper•i8d. Amourt$ poyable in lh• year •nwi¢d to £4,352 in 202412023.. £4,185). Page 28

INCORPORATEO ROCHESTER ofo¢ESAN BOARD OF EOUCAIION ANDITS SUBSIOIARY NOTES TO TrIE FIPIANCIALSTATeMtNTS ICOMnNUEOI FOR THE VEAR ENDED 31 DEceM8EA 2024 17. CONSOLIDATEDCOIAPAAAnVEANALYSISOF FIJNDS 2024 I. AN1￿1•91￿￿¥•ffiInlIjn Fund• T•t•l 2024 T•t•J 202J F￿ndS Fund• c• al 1 jllrn￿ry ￿?4 su.e63 6.079.044 0.Tsg.e•e In Ih•y••r 1.411213 1.707.4 1,129,2 the ya1 145.97Jl 11.8182151 11.859.Q7•1 6• lo3.￿7 473,414 340.$28 427.)04 231.21• b CM Vnr••trtEl•d Unv•rf¢t•d R••trt¢l•d endgwm•nl Fwd• F•Jnd• Fund Coryornle hool Fund# vv•m•nt eou¢thion4I Endo¥YmM ¢•n•rnl c•ffl• ¢•plt•l Tot 2024 T•i•l 2ts2J C• •1 l J¥￿ry 2Q24 J14,8J2 JJJ,88J 6,079, ,7S9.53• In¢tyrn Inih•y8w 1.411.203 IW.8$9 l.Q62.130 l.M9.948 Ev•￿¢WI y••r {1,838,21S) {1.156,02w {f,r99.aT6) tsThlnwiirn•rd 2M11s9 303,007 37,441 57.441 340,$3 340, )1 D•c•nw2024 421,111 131,24• 6.209h24 •,TO•,SJ• T•nglb Flx•d Ai••l To1•1 2024 aoij 10.C07 r41.269 110.oon 231.289 93&603 ETrSyiT¢M Fundj 230,Jii 7.JOJI 0209.•24 OTg.0rf4 urneslrfct£d FLY Cvpor81• G•n•rni SchDrl lrnwovernenl Fund 211509 213.846 427,155 1,70V74 b C￿rtty T•nglbl• Flx•d A••els knvethnents Flx•d Net TotAI 2024 70 ZOZ3 A4••t$ Resirf(ieo Conx4iO•tod Endrriwnt8. 10.0)7 231.2E9 (10,0071 231.289 66) 238.311 6.258. {287,583) 6,209.424 079.014 UrN￿￿C¢•y Cwrats Furth. GrHI Y Inw￿th 51 24iJl8 6.703M$ &76•,$39 Pa9? 25

WCORPORATED ROCHESTER DIOCESAN BOARD OF EOUCATION ANO ITS SU8SIOIARY NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 OECEMBER 2024 17•. ANALYSIS OF FUNOS 3. Toi•l R¢ium Appro¢h to Inv051rn•ntolp¢nhanont •ndowm•nt Tru•1 Unappll•d Inv•strn•rt totsl rntum To 2Q24 Tn￿1 hr Un•Whd VO8lm8nt totslrnrtum 202J At 1 J•nwry GThl comptynt of Ihe Fwm•neth ¢ftttth¥mert uTHp￿'ed lo1￿ reium Tol•l 4.385.85S 4.38S.855 1.693.189 6,079,044 4,217. 168 4.21T. 168 I,￿3,321 8,050.489 1,893,189 1,093,189 7,833,321 1,833,321 4,305.155 4,217,160 Movorn•nts In th¢ rnpDrtln9 wrfod TrAn8fei lo Iru¥t ￿ inwstm•nt- ind6x8iion In¥Mimoni r¢tum.' dwdend8 and Int•iest In¥è¥¢rn#ni retum,, reased and urrf•¥lsed ￿1n8 and IkJ$$e$ Tot41 109.646 1109,6461 184.859 286.059 361,272 168,60r (168.687) 179.344 462.920 473,517 184.159 286.059 470,918 179,314 462,920 642.264 109.648 168,687 Un•pWl•d trAd rnlum ¥ll¢)cated loincomv r•pprbrvJ p•￿d 1340,5381 1340.5381 1613. T09J 1613,7Gg) N•tmov•rn•rt In th• r•p•rtln9 p•rlod.. 109,646 20,734 130.380 168,W 1140.1321 28,5S5 (￿ compoTrenl of the wrrnanont •ndowmnt UMpWl•d i•tum 4,495.501 4.495,501 1.713.923 4,385,8SS 4.385.855 1.693, 189 1,713.923 1,693. 189 To¢•1 at 31 D•¢•mb•r 4,49S.001 1,713,9# 8,20•N24 4,J85,•56 1,693,189 •.Qn,014 4. R•wi¢tsd Fund• 814nc• •t 31 exp•Ndltw• Trnn•kn DK•rnb•r 2024 J•ny•ry 2024 In¢¢wn• COn￿lIda1•d Edu￿110￿1 Endowménl•. Incorn• 14,157 1355,39SI 340,538 Oep4rtm•ffl rf Educathn Grnnl• 1 500 820 330.••J IA11203 11.86O31SI 231,28• 8•hn¢• •t 31 Exp•ndll¥rn Tr•rrthrn D•¢•mb•r 2023 J•nwry 2023 In¢om• C￿￿1d41•d Eéuullv￿I Endawnwnt•. In¢un• (307,4J41 13,196 1320,2711 613.70? Dep#rkn•ni d Éduc•bM Granis 1412 457 1478 883 1.421.463 11,799.1541 113.709 336,M3 Page 30

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18. TRUSTEESHIPS The Board of Education act as TNstees for the following Church of England Schools within Ihe Dioc8se. Belvedèrè Trinity CE Secondary School Belvedere St Augustine's of Canterbury CE Primary SGhool Bennett Memorial Di¢xYsan CE Secondary School 8redhursl CE Prlmary School Broadwaler Down Sl Mark CE Primary School Bromley Bishop Juslu5 CE Secondary School 8romley Sl Mark CE Primary School Bromley Parish CE Primary School Burham CE Primary School Chatham St John CE Infants School Chiddingslone CE Primary School Chislehursl St Nicholas CE Primary School Cliffe St Helen CE Primary School Crayford St Paulinus CE Primary School Dartrord Holy Tnnity CE Primary School Ditton CE Primary School Erith Christchurch CE Prlmary School Falconwood Bishop Ridley CE Primary School Grain Sl Jam88 CE Primary School Gravesend Holy Trinity CE Primary School Gravesend Sl George's CE Secondary School Hever CE Primary School High Brooms St Matthew CE Primary School Horton Kirby CE Primary School Hunton CE Pnmary School Ide Hill CE Pnmary School Keston CE Primary School Knockholl Sl Katharines CE Primary School Lam0￿eY Holy Trinity CE Primary School Lamberhursl St Marfs CE Primary School Langafel CE Primary School Lèyboume St Peter and St Paul CE Primary School Northfle8t Sl Botolph CE Primary School Penge St John CE Primary School Pilgrim CE Primary School Platt CE Primary School Rainhom Sl Margaret CE Prlmary School Rusthall St Paul CE Primary School Seal CE Primary School Sevenoaks St John CE Primary School Shome CE Primary School Snodland CE Primary School Soulhborough CE Primary School St Paul's Cray CE Primary School St Mary's Island CE Primary School Slone Sl Mary's CE Prlmary School Strood Sl Nicholas CE Primary School Sundridge & Brasted CE Primary School Sutton at Hone CE Primary School Swanley Sl PBUI CE Primary School Sw8nley St Mary CE Primary School Troy Town Sl Margaret CE Pnm8ry School Trottiscliffe CE Primary School Tunbrtdge Wells St James CE Infants School Tunbridge Wells Sl James CE Junior School Tunbridge Wells si Maths CE Primary School Tunbridge Wells St Peters CE Pnmary School Wateringbury CE Primary School West Kingsdown Si Edmund's CE Prirnary School Wesl Malling CE Primary School Westerham Churchill CE Prlmary School Wrotham St George CE Primary School 19. TRUST FUNDS At th8 year end the charitable company held, in separate deposit accounts, £2.082,689 (2023.. £1.987,6991 on behalf of a number of Church ol England schools. At 37 Dec8mber 2023 New money received Purchase of investment8 Sale of investments Interest and dividends received Rentals ret￿l¥ed Withdrawals in respect of sundry grants Investment gain l {loss) 1.987,699 53 91,124 (5,3IXI) 9,113 At 31 December 2024 2,082,689 Page 31

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION ANO ITS SUBSIDIARY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 XI. CONSOLIDATED COMPARATIVE ANALYSIS OF FUNDS 2023 1. Analysis of mo¥vments in Fund$ Consolidated UDr•strlcted Funds R•str•¢¢ed Endowmont Fund• Funds T¢)tal 2023 Ba18nce al 1 January 2023 270, 788 94.655 6,050.489 6,415.932 Income in the ￿ar 123,493 1,426,453 179.344 1,729,290 Expondilufe In the year 159,864) {1,799,1541 (1,859,018) Movements on Inv•8lments 10,564 462,920 473,484 Tran8fefS b*Iv￿on fund8 613.709 (613,709} Balan¢8 8131 December 2023 344,981 335,663 6,079,044 6,759,688 b Charlty Unrn4trlct•d Unr••trl¢t•d Restrl¢t•d Endowment Funds Fund$ Fund• Fund8 Corporate Sch¢>ol Consolldat•d Funds Improv•m•nts Educ•tlonal Endowm•nt• General Income C•pllal Totsl 2023 Balance al 1 January 2023 270,639 94,655 6.050,489 6,415,783 In¢om• In the year 57,060 7,091 1,426,453 179,344 1,869,948 Expondiluré In the y••r IS22) 11,799,154) {1.799,6761 Movements on Inveslmenls 10,$64 462,920 473,484 Tran$lers be￿ort fund$ 156,538) 56,538 613,709 1613,709) Balan¢e al 31 De￿rnber 2023 3M,832 335,663 6.079,OM 6.759.539 Page 32

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20. CONSOLIDATED COMPARATIVE ANALYSIS OF FUNDS 2023 2. Analysis of nel assets between Funds Con$olldal•d Tangiblè Flxed Ass•ts Fixed Assel Inv•sthients Net Current Assets Total 2023 Restricted Funds Consolidated Educalianal Endowments - Income 10,007 335.663 110,007} 335,863 Endowment FurKI6 Consolidated Educational Endowments- Caprtal 215,150 5,868,243 {4,349) 6,079,044 Unreslricled Fund8 Corporate Funds - General School Improvement Fund Non<haritable trading funds held by subsidiary {51) 344,832 200 1511 344,832 200 226,157 6,203,906 330,625 8.769,688 b Charlty T•nglbl• Flx•d A•¥•ts Flx•d Asset Inveslmenls N•t Currnnt A•8•ts Totsl 2023 Restrlcted Funds ConsolAJaled Educational Endovmienls- Income 10,007 335,663 110,007) 335,663 Endov4menl Funds Consolk4aled Educational Endowments- Capttal 215,150 5,868.243 {4.349) 6.079.044 Unreslrlcted Funds Corporate Funds - General School Improvement Fund 225,157 6,203,906 330,476 6,759,539 Page 33

INCORPORATED ROCHESTER DIOCESAN 80ARD OF EDUCATION AND ITS SUBSIDIARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 21. CONSOLIDATED COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES 2023 a Consolidatsd Unro8tr1¢t•d Funds Restrictsd Endowmont Fund* Funds Total 2023 INCOME FROM: Charrtable activitie$ Other trading activities Investments Other income 1,412,457 1,412.457 115,880 187,804 13,149 115,880 7,613 9,528 4,468 170,863 TOTAL INCOME 123.493 1,426,453 179,344 1.729,290 EXPENDITURE ON: Other Iradlng costs Charilable activities.. Schools, work Department of Education grants projects 59,342 59,342 522 320.271 1,478,883 320,793 1,478,883 TOTAL EXPENDITURE S9,864 1,799,154 1,859,018 Net Incomellexpendlture) for the year before galnsllosses on Investments 63,629 1372,701 179,344 1129.728) Unreallsed gains l (losses) on Investmenls 10,564 462,920 . 473,484 N•t Incomell•xpondftur•) for th• y•ar 74,193 1372,701) 642,264 343,7S6 Transfers behveen funds Transfers belween funds - Total Unapplied Retum 613.709 613.709 Net movement in funds 74,193 241,008 28,555 343,756 Fund balances broughl forward as previously stated 270, 788 94,655 6.050,489 6,415,932 Fund balancos ¢•rriod forward 344.981 33S,663 6,079,044 6,769,688 Page 34

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY NOTES TO THE FINANCIAL STATEMENTS ICONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2024 21. CONSOLIDATED COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES 2023 b Charlty Unr•strl¢tgd Unr••trlct•d R••trlctod ETrdowffl•rt Funds Funds Funds Funds Corporat• Consolldated Funds Educatlonal Endowments General Income C•pital Tolal 2023 School Improvom•nts INCOME FROM: Charitable activit$ IneA)me from 8ubsldiary Investments Other income 1.412,457 1,412,457 56,538 187,804 56,538 522 7,091 9.528 170,663 TOTAL INCOME 57,060 7,091 1,426,453 179,344 1.669.948 EXPENDITURE ON: Charitable activities Schools, work Departmenl ol Edu¢alion grants projects 522 320,271 1478 883 320,793 1478 883 TOTAL EXPENOITURE 522 1,799,164 1,799,676 N•¢ Incom•ll•xp•ndltUf•l lor th• y•ar b•forn glnsllo$se8 on Inve8tm•nts 56,538 7.091 1372.7011 179.344 1129.7281 Unreali8ed gaing1110$sfrs1 gn inv¢slm•nls 10,564 462,920 473,484 N•t Incom•ll•xp•ndSturo1 for th• y•ar 50,538 17.655 {372,7011 642.264 343.756 Transfers befvd••n funds Transfers belween funds- Total Unapplied Retum {$6,538> S6.538 613.709 1613.709) N•t movam•nt In funds 74.193 241,008 28,555 343,766 Fund balancas brought forw8rd as prevlously slated 270,639 94,655 6.050.489 6.415,783 Fund b•l•nce5 carrled forward 344.832 335.663 6.079.044 6.759.539 Pa9e 35

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22. CONSOLIDATED COMPARATIVE BALANCE SHEET AT 31 DECEMBER 2023 Consolldated Unro8trt¢led Funds Rostrlcted Funds Endowm•nt Funds Total 2023 Flxed A•8ei• Tangible Fixed Assets Investments 10,007 335.663 345,670 215.150 5,868,243 6,083.393 225,157 6.400,467 6.625.624 196,561 196,561 Current A8s•t• Debtors CBF Deposits Sarasin Deposits Bank Deposits Cash at Bank - Currenl Account Cash at Bank - 8uslness Reserye 57,488 40,772 15,369 33,183 72,857 73.955 68,864 68.864 25,000 82.695 323,371 29,349 82.695 160,596 (4,349) 167,124 {4,349) Curr•nt Llabllltle¥ CreditOTS 18,704 18,704 170,603 170.603 189,307 189.307 Net Current Assets l (Liabllftleg) 148,420 110,007) 14,3491 134,064 Total Assets Less Current Liabilities 344,981 335,663 6,079.044 6,759.688 Not Assets 344,981 335,663 6.079,044 6,759,688 Fund• Unrestricted - General Designated - School Improvements Restrlcted Endowment Non-charitable trading funds held by subsidiary (51> 344,832 (51) 3H,832 335,663 6,079.044 200 6,759,688 335,863 6,079.044 200 344,981 33S,663 6,079,044 Page 36

INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION AND ITS SUBSIDIARY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22. CONSOLIOATED COMPARATIVE BALANCE SHEET AT 31 DECEMBER 2023 b Charfty Unrestrlcted Vnr•strlct•d Restrlcted Endowm•nt Funds Funds Funds Fund• Corporat• School Consolldated Funds Improv•ments Educ•tlonal Endowmonts General Incom• Capllal Total 2023 Flxed AsJ•ts Tangibl$ Fixed Assets Investments 10,007 335.663 345,670 215,150 5 868 243 6,083,393 225,157 6400518 6,625.675 si 51 196 561 196,561 Curr•nt A•••t8 Debtors C8F Deposits Sarasin Deposlls 8ank Deposrts Cash al 8ank - Cvrrenl Account CA$h al Bank- Busin•i$ R•s•pie 50,538 28,869 15.369 33,183 65.907 73.955 11.903 68,864 68.864 25,000 29,349 82 695 160,596 (4.349) 11.903 148.271 (4,349) 316.420 Current Llablllll•s Cr¢ditOfS 182 557 182.557 11,954 170,603 N•t Cufr•nt AFwtsllLl•bllttl•sl (51 148,271 110.0071 (4,349) 133.864 Tot•1 Assets Les$ CurT•nl Lloblllll•8 344,832 335,863 6,079,044 6,759,539 N•1 A•e•ts 344,832 335,003 8,079,044 6,769,539 Fund* Unreslricled Reslricled Endowment 344,832 344,832 335,663 6.079.044 335,663 e,079.044 344.832 335.663 6,079.044 6,759,539 Page 37