Reti51ered No. 03201223 IEtt¢*nd EduMwd'J Scbool C•Dterbury (A litDlted b) guAr￿¢te) Aftllual Re￿rt For th¢ )'ear eded 31 August 2021 Regislered Cbxrity fiurob¢r IIIYMZ 5t EdmknDd'* Scbool Canterbury For ib¢ yexr endtd 31 ADgust 2021 Contents Page Lcgbl and athllitUstrJtsve iDfornwtio DirEctcffJ' and GovcrnDTr' report Strategtc report 5-10 Direclm. yes￿1b71117cS in thepTepgAtirrtk of fitian¢Tal sweTtMts 12-14 CoL*ltd3ted wtemenl of finarKial ￿ti*l[leS 15 16 ConsolJd*cd statement Df casb flo 17 )ol statemeni ofwb nows 18 Notes to the fwartcial stateu*nts 19-38 St EdmuDd'J School Canterbury 14al and adTnini5trative informat￿ll For the >ear ended 31 August 2021 The Head: Mr E G O'Conr¥)r. MAICantsbl, MPhil iOxon}. MEd (Cantsbl Tr Head 4)f the Junior School.. Mr D A de Silva B& QTS. NPQH (AW￿lD￿d I SepteEDkn 2020) Bursar Company Secrelary and Clerk to the Governors.. Mr N C SCott￿lIVert FCCA Addtw and Office; St Edmund s Sch￿1 Canwbwy St Thornas Hill. CaDterbLtry Keui Ct2 SHU Natiorjal Baok PIC Canterbury City Qotre Br POBox306 I l The Pande C￿trTb Kellf .4￿litor. RSM UK Audit LLP 25 Farringdoo Stre¢t LA)Ddon EC4A 4AD Insurdtlce Brokets.. AON Risk S¢Trices Sornetsct HLTrUSe 47-49 LondoD Road m?￿h Broktts Lithit¢d Capital Ho￿e 1.5 Peryyinount Ro*1 Haywths Heath West Sussex RH16 3SY Suney RHI ILU Bre￿n Dolphsn L Cross Key5 House Tb¢ Parade Marli Wiltsbir SN8 INE CCLA Seuat(K House 85 QLY¢n ViGtsiria StRet LL)ndon EC4V 4ET St Edmund'¥ khool CaDterbury Dlrectort, and Govtr#orn' Report For the year endtd 31 21121 stat￿ Alld administratioD Si E41mund s School founded owcr 250 yt4rs ago undry the a￿PiC¢S of the Clergy Orph8Tr Cotporation ro prowide Education for ¢hc SODS of dettastA clergy0￿ li bas oc¢upJed its prvsrttt 51tc over1￿k￿8 the City of CaD*rbwy for ovtr 150 yeaT5. ID 1982. thc Scbool bas bec￿￿ ¢o" 1996. Govtrn*ll￿ Cwje The Governors ￿¥￿¢￿¢d tly Chan"ty ComEthi&sioll GoNemance Code ot thar Str*gy Day MeettDg ID Octt)b¢r 2018 aod Fcbnwy 2019 wbAcb ￿￿luded that they follow th¢ cotE priDciples. Obleets The Ob)￿ts &s ￿ Out ill the mell￿3nd￿m of AS￿¢1*10￿ are io advattcc the education of ebildrett of de£ and third of their number rdirt¢ annuall> hy rolation. Thry can be re' •nd GoTrernoE5' Report For the )ear tllded 31 Augum 202[ Or%&nlutio The Croyernots detemine the general policy of the S¢hiMTrl. The optrdtional managemtnt of the Sch(h)l is deiryaied to the Hca¢L the He4d of tbE Junior ktKw)l. the Head of the Pte-Prep S¢h(M)l and the Bww. wbo eomprise the Exel. Prnbid￿g u)nllDuing 9￿F￿ll of p￿iL5 already m recejpt offtt &$S￿ through bur5aTiCf, EJ¢t¢asing the provision of meaDs-*sred pla¢es. iucludwg ￿tts the assista￿¢ of the SL Edmund's Schwl FouttdanoD and tlle Jupprt of thiTd pany OIw5 and foundatio￿. Dcvcl¢)pitig our'outreach. prO￿a￿the of Co-opernfton and Joint workuE8 with loc41 state junior and *eiDg of our I(￿ CQllUDunrty. illcludiDg throuBb otsr Pokney The Scbth)I ptovides fw the educatiow trahBin8 and uL%tEUCtion of iL¢ pupds. provLditig With spirih&aL tDornJ. omtsl aDd P￿￿eal traiDiog ou the b*si5 of ChU￿b oFEllEland princ￿￿$ The ages of the pupils rdnge from 3 to 19 >￿ts.. 3 to 7 iu the Tr4w3ery Pte-Ptep Sch(x)L 7 TO 13 in thc Junioi Sch(N31 and 13 to 19 in the Sellior Scbool. The Head wbo is a ber ofHeadJ)]as*rs' and Headtlltstrrs￿' confere[￿ (HMQ, wri¢s ultirts￿e tesponsbl i￿lY for th¢ Thknle insututso Tbe operntsonat Eww¢meDI of the JuaLor S¢hLM>I i% dele8ated ￿ the Jwxior Sthool He4d aTrd the Juaior School ¢ujoy5 tAPS lthe ijdcpendeni Associallon of Preparniory &b￿ls) attd CSA Icboir Sch￿15. Association) metllbetsbip The F￿- Prep alw bs its o*n Head. The combinalwn of the sch￿15 on the sary catrqy￿ pnivides att exceilenf opportunity for the shating of resourc* especially ill key aru% suth &$ Scien¢4 m￿sIc. Strt)n and the VISU￿ and Creattl't Arts The close proxiwity a]so ensures the cohcr¢D¢e of approach and ¢llitu￿ for the Trajomy of P￿*￿5 who n)o¥e from the St Edmu￿1.5 tt* Junior S¢hwL aDd th¢D OD￿ the S¢m"or Sch￿￿. 0￿￿ ethrf: * r4rlng Sctsfjol J¢rvi48 our local ewDmutsIty *Dd wclety thimd $ is a charitabk cory4>aDy s(¢ks to be￿￿[ the pubknc dllT>ugb the ethJutioD of chitdren iti ac0rd￿¢¢ itb its cban'tsble obj￿tt"￿e$. We MTlcome p￿115 from ill backgTounds. whils thal we are able to •lucate and develop a prowtive pupil th¢ b&< o( their p)t¢ntJal and in line with the 8eftErnS s￿dardS achie%td by their peers. Entrance interviews and &5sessmenLS are unden3ken io ensure that ￿Lentla[ pupib can wye the pace of learnins and benefii from thE educaiion P4e pro&ide. The a&vssmeni prDce5s is thoroughly obJe£tive and takes no account of an Indi*ylu￿'s e¢onomic 5thtt1s. gender. ethnicity. race. relig10￿ nor far as posyblel any disabiltty. Ifthere are any F4Mible r￿CtiOnS in a￿¢S81ng th¢ School's educatt'orL atmvor its fa¢dities tbets ￿1 hctors wiu be tsk¢D a¢cowil duriD8 tb¢ rerruilm•t PnKe55 and decisious will b¢ tDade w]th all 5raktboldet5 Ill￿01￿¢d. We are o)mmittcd io safegua* and PTVllKJDmg the w¢l&re of our pw and ¢xpcct aLI aad voluoieern io 4Jare thi.s Our fees we set at a lebel *lhith ensm consis*ncy in the clA55 ￿eation that we offer pupits whit#PTVtectin8 thr financial v]ability of the School. Pa8¢ 3 St Edmwid'i Scknool C•Dterbury Dlrettor5' GoverDoTS' Report For the year ellded 31 A￿gust 2021 etho•'. * r¥ritig School ytrv1￿g local *#d *)tiety lEODlin￿e We etnbrace equal opportunity and arr a Ivo￿l￿g eUv￿￿n[￿eDt that ts ftre froTD any forDJ of dI￿ri￿)In￿tiOll on the 8rouD(ts ofcolow. Ne. etbw'city, reli8lOQ 8tndtt. ￿Ual orientat￿ll or disa￿'￿ty Wr uiil D)ake rta50nabk the tseedg of*aff or p4Jils are or be¢oLr* disabled Golhg concera We conrinue to prepaTe our accounts on a 9)ing ￿ncern l)•sis ￿ we bave adapted w th¢ challen8e8 faced thrvugh the recerti pandemic ind dernoTrStr￿ed our capability to C4)ntinue our schcK)l offerins &)th onsiie and tria reThw)tr leanbing. The group Ttported an oyeratl defichl of (£191.980} {2020." deficit £503,￿7). The Grtsup's curr¢ni liabiibties (£680.7561 12020. {£791.116) ￿e 5upponed by a strong w AsseL b&se of £3,777221 {2020.. £3.9692(Mi aud the educatiDtt of thc pupils has returned io ts￿re oormal condirioryfj ID tht i￿rC￿l acade￿1¢ Jear. Cash l]ow foreay5 presented to GO￿￿t￿Or5 c<)nfinD thai the scts￿l bas sufficieat rttsincd and tradiDg fim4ts to fulfil its slw)rt aod long kn fllhaDcial obbgatiotts. The Sch￿1 a]50 bas thc supwn of its b&Dkets at¥J Go&'ernor% are confideut the pw)d tsumbers will tODtioue to llnpTD￿ i tbe wmio8 yeats a5 thy ha￿ done xs for tbe year 31 All￿￿51 2022. The School h&5 b¢oe6trd frotn the 9JPPOrt ofits baokeis and rthts advaDts8e ofthe CoYD1th￿ IDleinWon Loan (CBILS). teoJpornTily borrowing £￿￿).¢￿ •ith tw) iepa>TDellts or iDTettst ¢mts] (k￿ber 2021. loaJJ bas bee lcd to ieTi4K*rarily stwort th¢ trapital of the ScbooL RepayTttetts have eommettccd anfl are included io budge alld cash Oow forec&8rs Auditors RSM UK Audit LLP be¢D reappoint&J. Staiemellr *5 ts) dixlosure of informgtfigD to *udhor3 In ￿ far as the d￿t0[5 are aware.. there i% relewt audit uthTm*iou of f*tiicb th¢ tban'table company's zuditor is unaN•re: mL5tees tskeD all ￿ep5 tbar they ougbt io tthD ￿ make them5elvc4 a￿1re of any ftI¢v￿1 audit iofornwion attd ￿ esublsb the audiloris of in(onnatsoJL By ordet ofthe Board AJ"r Mawshal C M Pfjickols CB, CBE. DL. FRAeS. Chaimwi Date.. Page 4 St Edtnund'i Scbool Caolerbury Stratr8ic Report For tbe year eodtd 31 Augvjt 2021 Appotstwts and %owlnatsOD PTO¢tdor¢• The Chair. WLce-Cbair aTMI the ExecuttvE Gro￿ Cottyrise the Governots. Nomillaiiolls Group. Pwus sugge5red PQ5siblt of th¢ Goyeojitts Body subTrii a cuty1¢ulu￿ vitse and ha￿ a pielimiw i&terview ￿1th th¢ Cbain a￿or Vice-CbaLrtn4 folloHrd by a m¢¢twg •ith th¢ fidi ￿$ oTllhn*TroDs &oup at Thbich iitDe they also tour the &b￿l. On the r¢coDMD¢ndaboD Df the Nojnillotions Group. llomitite5 arr pr{Jp¥j￿ to a fihll Go%eTDm' meet￿ for ele£tsoD under Arliclc 32 of thc McmoF3pdts￿ and Arti¢le5 of Awciatiou of the CoEDP3ny. i.¥. the ttxt AGM of the Coll4>aDy. All Dew Gos'erDOTS art pro￿￿ed with a 'Gorttwts Pack. wtrll¢h c4)pie8 ofthe Memorzndum Aud ArtJ"cks of AwÈation, minu*5 of Govemor Mtttings for the preceding year. prospect￿% Statulory 3CCO¥Ng and wjdiitonal infoTmatiOll Considered relevdnt ai the rime. When a new GoveTTh)r's 3pw)inttneT21 is formaliwl at 8 Gowttnors. Meeting they are appoinid io one ofthc Ab4ommittees and afe all¢xaicd an experierKe4J GoTrrtThor a5 3 mentor. The Go￿ing Body rwutre5 & balAnce ofbreadth and depth or￿perienCe in order to d￿h8￿ its duties ¢ffeetivel)' and efficiently. When recTUiTill8 new Governor5. irnpoTtsOI attributes ate a passioo for the work ofour khool and ao Lmdetstand]ng of Education as an tK*hsuE and roulld￿ expenexe ofpetsofjd 8rnwdL The Governors eonsid¢r th8t Iwherthw possible) tht skills and expene￿¢ of tF* Board Should in¢lud¢ the follo*iti8.' ¢ducatioD (iDcludwg safeguatdLQ8)'. fiDallce aCr￿ulEIl￿g.. IAW (ewially clwitylpropenylemplo)TDeDr?: ual opw)rtunitYs or disability lle•ts" and the CburctL The ¥ast nwjority ofGovernorn havc matsa8eriat aod kniTht56 ewi¢uc¢. Tbe Board as a whole h&$ CODsid¢Trble expuience noi only in educatroo and finaDCE. bui also ID weifzre. ArrxRg¢JDeDts for *(ti4 pffty re•wierxdoR ofkey wll•g¢meMt ptrn)nth¢l The key oBnogemeDt pet50nD¢I of the chon.ty cotnpnse the board of Gov¢rnot5 and the Head supportrAJ by a knior Ma0a8em￿l Teall4 whicb 4n¢lude& tbe He￿ oCJwuor Sc1K￿L H¢4d oFPr¢-PrEP •xhd the Bursar. The Cbwrnw ￿l¢¢£baIn￿all artd & Go%*rnor frDEfL EdUc￿lOD and Srathg Conunitttt ￿ns￿tUte the Re￿uneratiO CoEtJnunee w￿.￿1 approves Exwuriye Croup goa]s appropri&le la￿etS {inthvidual aad collectsve) auDually The three Heads and tbc 8w53r wbaut their pa￿￿ork to the ReMu[w￿lOD co￿1￿¢¢ foi ¢oDsiderarioo and pay rises are a￿￿ded on tbr basis of the ReEDuocfdtioE CotDmtttre'$ LisCss￿t of th¢ wY)rk and p[0￿ a¢birved tO8#her with appr4)Ti* beocbmarkmg data iDcludiDg s£c￿r SPL¥￿¢ p&d for rtsrdrcb atld local uwk£( cor¥Jitioos. su1￿cOm￿ltte1¥ Th¢ GoirrnoT5 havr ¢stablishcd tbe followiD8 ￿b-￿￿1￿rnItt￿s wbicb are wb govmKd by tern￿ of Irferer￿ wbtcb are rvy£ew￿ anrndly. Flnanr¢ Gcnrrxl Pyrposu Coffjwittee Remit: To oversee the finjncial artd business orvations of the Sch(KJl lincluth'ng firtancial planning aNI managemenL bud&eb'tt& and debt recoN"try). invesunenty marketing strategy. Intewtion with external auditors illcludin8 rnaDagetr￿t let￿5 aDd the budget aDd allLut￿ of sestnc¢cd rdiSt4L Dtrel•pmeol aod Ejutss Committee Retylt: To ovenee the ScbLk)I d¢￿elOPMen[ pl￿ buildimg siie projecL4. mitr)r *Drks proBTaullDe, a￿l￿ellance (iDeluditio prionti¢& plans and wleto¢olaLioul Jlld a5ses5metit of majoT pro)￿¢& to ensute compliaoce ith all Hedlth and Wety. Disability Ac¢w Discrimination aftd Specia] net4ts policies" to monitsr all titrity. Lent￿ and u5eof utilities within rhe School Tncluding tfrose ofthe su￿￿'diary company. STF.DS P48¢ 5 St Edmuodlg 5¢bool Canterbury Strategic Report For the ear ended 31 A st 2021 EdDtAiion •Dd St*ftlMg Comll￿tte¢ To *)Y¢r5e¢ 5tyffin8 ￿l￿d￿8 persotmel polKi¢5 (Di5Gipiill¢. Gn"m3￿e aod Appr*￿1 procedures), staff develiytr¢nT and perfortDarKc. remunerntioD of sewor staff. edwattooal policies of the Scbool and ullpact OD stsffiD&. to Superin￿rA1 the pastoral and ¢orwnuniry eD%"iroDrncllt withm the Scbool i￿lUding thc tnoryitOTi08 of the ￿e￿￿[dIng of Ckn"IdreD ard Spttial EduCatio￿al Needs and D￿ility 5K>Iici¢& The Head the Head of the Juniot SchooL thc He4d of the Pre¥rw School arml the BU￿ 3Nend all tsf the commitiees. pect50 Si Edtnund's was inspected by LSI iti Decerdxr 2018 for a Regulaiory CoD¥lw¥e lllspeciioo (RCII. No is awartsl an RCL ouly a pw or ￿.]. Alld the School passtsj every area of th"Is inspeetsou The ￿00] wayalso by EAxh ISI Ind Ofswl (bo31d￿￿) in SEP￿ 2015 aDd I￿C1￿cd a of'ousoudin8 m w4yareas. Academic Stslldards It bLS bceu strong Jear for the Srbool acadanically. A Level T￿￿1￿ den¥￿ from Tea¢l*r A56tS5ed This yr&t saw a l(NYA rate at A L%￿112020.. Ith) . ofA [£￿1 ￿ WCTe ￿de•l2020.. 9f/ol There were 36 A. yades dtsuibutrd acro%5a Tange of 21 ic*mÉc 5ubje£(K whtle a totsl of19 sco￿1 I￿.0 SLlCC4SS at Bainiog wdes for pupils. 45 pupds (660h of the cobortl a¢kn"eved at le￿ otte wde A. or A The ghool achicved outstandmg Exttllded Proiea (bullfiC￿l0ll IEPQ) results m 2021. mith of enoi¢s 11151iU8 A. or A wdes G(SE te5uIts wcr¢ agath excellent Thc PCTcelltage ¢quiV￿ent of 9-7 grndes af GCSE SP* (20*0.. 45/) The pcrcentsge quiv3]eot of p&ws at Grth 9A at GCSE was 9tr/¢ (2020.. 9f61 17 5ubJecLS b3d a I￿°￿ Pays Tal¢ at 94 19 pupd5 acbie%rd at ieall ooe Grade 9120_*0.. 21) 9 pupils actru'e&¢d 4 or thore Grdde 9$ {Y)20'. 71 T*0 pupilB aCluEV￿ a'tlean sweep- 0110 Gr* 95 c￿￿rrot￿l4r Offeriog Th¢ schwl proiide5 & broad and ricfv co-curricular offErmg. Thiy io develop ludenhip and COMI￿1c￿Li0￿ skn"I rttilicnce and m¢ntal and ph)ryi¢al well-bEing. Thc pm.mmme i￿1￿1£9. Cowh￿1Ve Sport and PE pro8rdJMme Regular COllVtstibt fi¥ttues with other SCIM￿1¥ S¢hi)laTS' for xadcwc& Enusir. an aryj Sports Friday afterttoon Sknlls & Sern"LYs lulle Combined Cadei For¢¢ tkthe 0fFAlnbur￿'5 AwaTd sche￿ WO￿ exp¢ri¢ncc for Year l O pupils "The Curiosity Sbop" luncbnme lettUfE senes Over 40 vleekly co-cwiicular clth acros5 the three sclwoli (sportin& cultsmal and xadernicl Easi Keni Thildren's OrchestA uitsple choits. eDsea)ble& banuDES COWi5t of 5¢bo1oJ5hj￿ 4lld 0)¢3￿ tested bursaties. (kn educatsoDal gervtw. b&8cd 00 ADgh"can Chn#W prkwip4 C$)n4i￿t1Y cx¢e¢d naThonai bencbzDaths aod include a raThg¢ of subj%xrA not widely ah"adable. Our aiEn il to develop coof￿¢D1 aad •le yOUDg pe4)pK leaderthi'p pot¢Dti3L NIKI can ￿￿Ibutio0 io soci¢ty. With the fir￿¢1?1 ￿1staDCe of th¢ DeaD and Cbapter of Caoterbury CathethaL eAlucate the Canterbwy Cathgjral CtLofisl¢r5 wbo are drdWTr from VLvll) and mwsicaily able boys from a wide cross sectjon of the community. Their Sel￿tion and ¢d￿atIon ￿ Si Edmlffjd's is noi dependeni on the ability. of their f8milies to ￿Y School fe¢& bur OD me2Tr$4&qed bU￿Tres provided by V4TiOU5 chariti¢s incluth'ng Si EdfftuDd"s School. Tlue cl￿rI￿Cr$ bave PrO￿ded oureacb throughout the atyj ba￿ been an inte￿￿ part ofthe cboAi ser¥ice5 thai batre ljeeu broadcast oatioDally aad iDierDatioDaUy duritiE the COVID-19 pandemic. Th¢ Indepeadeni School Coullri] commissioned usittg tbe Oxford Econotnics Assess￿1 T(M)l into tbe fiDallcial itt4)act of the rmthlic beue6t that mdwde4tt scbools proY¢de ￿ both their local ar&q the UK s GDP. Si Ethuuud's Schwl ¢ValU8t￿ as ￿ltribur￿8 £1 5.6m to the UK GDP and £9.6llJ to the Can*Ebury l(Kal authoriry dtstrL"a l&st year. Adth'tionaUJ. we bale beea &￿¢￿Sed ls iupportukg oorly 450 jobB DaboDaUy. of ￿ll1¢￿ *¢U ovu weie iti ow local li also calculakd that St Edmulld's SdKK)1 saved the UK ¢￿￿YeT £3.1 In the year. The ktMM)I establL%heAA a number oFTWttu￿Y bellefici8J lth *ith maiDtaLlled &hi)015 in Canterbwy, offer pwJiJs frntD th"ver5e b￿k￿0￿ndS the opportijnity ￿ work tO8ether in the contcxt of and TaEeDtrd ¢xt¢tLSi(¥n WOTL snd in joitit aCtsvTtiN 5ucb as alld maths worL%hop& ts) ULJOY babing kn.gb PrO￿e iistti&g sp¢aku frDrn the locaj comtDUniry and btyoD The S¢bool e¥abli5hed the annual St Edmwtd's S¢bool F￿1val ID jU￿e 2017 whi¢b w*s open to atte[￿1 by meEtthrs of th¢ local corr￿n￿￿ty atsd coll1in￿ to gTKM inscllie and rtacb. SL Ed￿Und"S is AD ac11￿ ￿eMb¢r of the E￿t Keof S¢b(]ob Togetber proJeLL ow H¢od and knLStaul Il¢ad ha*ing spent the last year as Cbaupu50Ds, & partyer5bJ'p brwgs together 6 stth iDdepelldeN Schools aloKhg with a uDiv¢rsity. The partner5hJ'p aim5 to ¢tthauc¢ the trackn'llg and learning olcbildren iti the Schools by sha[￿8 be51 PACtice, orgawsiog ieacber ttviiags •nd exchanges 8Jxi providin8 oppommittes for pupil cou4b0￿100 in treatsve alld ac&lemic proj￿[5. ChtldrcD fro￿) a ￿l¢k range of local prinwj. 5thools have eojoyed KS3 eweuce da)% with us Tr PrtsPrcp School orgaJllsed "Toddler Tu￿, Nwsery arti￿ry scsswDs caeb balf tcnn for local we- SdLooI c￿ldren &5 well Saturday activity mtsrniags for 2-7 year olds througbout the ycar. As pan of the Senior School SkiiLs and Sern"ce5 Programrne ev¢ry Fnday atlerncw pupi]s do wy1￿1¢cr￿0Wk with k￿￿1 cbanties and ill Ioc81 prRW &kn0015 We prowde op[X)ru￿7t1CS for pupils and thhers from Dverncas Sch arrdnged for external s￿￿et3 TO Pte5¢ni on E-safety. Gender Identity and Futtwe Careers invtting r¢prvsenÈatJ￿ from local S¢hools- both m￿nI41￿c￿ and indrpendenl- ￿ allcn RepTes¢nwives from the 5t Edmund'5 Big Band accompanied by ST Edmund's musi¢ teachers visitd Plwils ar Ekn and Bridge PrinllTh ScbLK)Is 10 PTovide a ChTtstt￿ Jaz2 ExrKncDcc aDd W0￿￿0P St Ednwnd's ￿'t[C pan of an Art CoUalM)ratiOO ProjecL brwwg pupils togeth¢r ooliDe acT(￿ loyal sch(MTrls.Si EdtyuDd"s nms the E&st Kent ChildrcD'$ Orchestrd. This was forrne41 for cknldrta under the age of 13 from aDy Sch￿{ play aioogside our own Jualor ScbcM)I p￿>￿5 Thi5 auowed deY¢lopmeDt of the SctMxJl'5 oi'erdu orchcstrai PTO¥iSiOD 8Dd we aiyTr rup & St. Ethnynd's S)*ny 0￿￿¢S￿8 opett play¢Th. This LS art eu5emble fof advanced pl&y¢rs in the community. ￿ to the age of eighittrL A Choral S(Kiety ot*n lo all local adults. running for oTrer 20 ycars cuITninales in an annual perfornwict in Cantubur) Cathedr￿. The #TU Duk¢ of Edinburgh Awwd'y evenin* was ho¥ted in the Schoc*l'¥ thtstrc 7¥7th pupils from I￿1 scbty)Is In 3llendaE￿. Si Edrnund's encowaged local schoob kn have accw to our Menu ofOpp)rnttuty (otsline learning Maga￿lle) w¢ekl) thrtyu8h0￿ the lockdown. Through litths *ith tbc Englhsb Cbamkr Ortbestra. the Easi Kent Cknldrrn"s Orche5trd proytdes tbe bL%i5 for Creariv¢ COrtDe(rio￿ a %hellLE *4u"¢h tskey profrssioBal ￿usicIa￿S Into priw khools Éll the art& Our Music School facÈlLties are opell to and oarioaal orgaaisatK)Q8 I￿￿-￿ as the Cantethury Youth Choir) &* a centrE for perfonniDg attd as a re￿ll￿e for lexbing and pubbc perfonoance. Pag¢ 7 si Edmwid'i School Canterbnry Strattgic Report For tbe ear endwj 31 Au P4bli< B¢uefit (cOnti￿￿¢d) Our l)Tama dep2mnent pw on a nutrthr of p¢rfomian¢ts open to rn¢￿ of the publio perftsTTnd by TTKmbers of all three Schty)Is *ith a ¥rtial matinee performance for offr 2>0 primary *hool pupil$. Somc ofour staff manufaclwed PPE for 1¢)￿1 primary xhrM)1s and NHS staff for use th￿l"n8 thE (X)vtD-19 paDdetDiC. Dunng the COVtD.19 p#lld¢tthi¢ the klwl pro¥ideA e41LutiiJD fw th¢ ¢￿"1th¢D ofkcy wotht7 ternj time and holida)ry- Fi¥e *mior o)emba5 of tbe SclKx)l are ill local state sclEwh and Jnany other stsff rnenkn volunte ith knal aod DatiODal cb&rines. ust 2021 We provide extewye additional publK bcnEfits. for example.. tndoor SPO￿ faciliites. iennis cowt& foothall piwF*g and All Weather Pi*h- ail by IfKal BPOTts groups ai otsly a nomu]al ch￿ge. FundraisiDg'. tn 2020-21. throu8b cban"tabie acrivittex by our pupiLs and donat&l almost £4.9$412020.. £?.2851 for loca] and uaiiollab causes. A Rowy INfEEL4Ct Club Tun by sctiior PUPLIS c￿M3rd￿dIeS all the Seoior Scbool'$ charitsble fith"shll& commutirtv JeTri¢e attd kDtenuts"owI ￿VItig. Tbe Junior SchoJL ID CODjkUJCtiOll Witb the LitiiNersity of KeoL opeTOtes a Math5 master clw forcblld￿ll fto local PDJW &bools OD SaThtyday ttjornktigs 8￿j its atsff ba￿t i*en itistnrn¢al ￿ setthng ￿ alld nJDtiius an IDter Pnmary SclMx)l Maths coll4Ktits"orL by the Royal tttSttNtioo is rutt iti tODjUDCtioo with Si Edmu1￿.$ èlld the UllibfNry of KeDL Faciliiies for Yariow orpni5thLNts i￿lud￿8 Keut Firr Brigade alld the NHS. FacLiitse& aiailable for Keol CoLint)' cou￿1 training couTres. The kbiv)l Fdeiiities W4tte used to IK>A th¢ Ea* Kellt Womeo's Insti￿te.5 CenteDary Ger¢l¢n Party with over 300 ernber￿ ID attEndaoce. Fln4nethi PerfonDaJJ oogoin8 pandemic o(COViD-19 connnues w effect the sbon term perfoTD)aott olm8Dy conyaDLes irfludwg iDdependerAt schcols. The 5pli¢d aod at the $¢b￿)I durtDg tbe pen(wJ olthe paDdemic b3Vt uKani that the usual KPJS ¢be School uses to UWsu￿ p¢rfortnaD¢¢ bave been less helpfjjl iD detrrttl￿l￿ the School's success and ¢fficieDcie5. The It￿10 drtver in the last Ntyyj fiDaDcial year5 b&5 been to Contin￿ to P￿vide afi ￿Cellen1 educatson for ow pupils Whil￿ Main￿]ning as solid a cash w)siLioTh as possible. The FKnefittcd frr>rn 8Obtrnmeni suppon through the CAwonJwrus Job Reterjtion Scheme ICJRSI 8nd the CBtis cl amoogsl other actions iDcludAng stsff NDIuDranty laknDg leo)porary pay cuts and a volutstar)" redundancy ptogtauttr& has eDabled the Sckn)I to cotttinuc successhjll)". The khool r￿e$￿ed gr055 fets of £1 1.637.187 (2020.. £11261156) oul of Stholarshipy, Bursar¢&% and othcr allomwvs totral1￿8 £2.?95.644 (2020.. £2.(K)4.92•) w¢re made. leasiog ntt ftt iowme of £9.141.￿3 (2020.. £9257.2341. Otkn iDO)ttX illGludcs £207.748 (2020.. £476.954I Y¢C¢iTrtd from the COViD-1g job refenti for durins thc L£ni ￿rIn and benefittittg from the gOvern￿￿en1'S covfD-59 Job Scherne {CJRSI included in Lrfher inwme £207.74812020.. £476.954) The wholly ¥ubsidiar)" STEDS Limiled pnncipal aciivity of the conwanv con¢inued to be that of the pUrch￿e and swle of 5tatsoDery and bwk5 to staff alld pupilk and to aa as agent foi Si Edmutyj s ￿b001 ill ryt of certain lettings actiwit*5. The profits foT the )'ear £2,511120?0.. £6.6)31 afe distrrbuted LtLto tbe school pareDL tompaDy UDder aid aod ttet are £34200 {2020.. £J4 ?00) Page 8 St EdDaund'J S¢bool Cguterbwy Straiegie Report For tht #r ended 31 2021 Bursan. and kbolarnlLiP Polici¢s Buw and s¢holar5hip avArds are viw in ¢nFuring thai childTEn frorn farnilie5 nLK bt able 10 afford the fetj can have acce￿ to the edwDon w¢ offer. We do not a luge endovnneni aJYl ID ￿ndIll8 Ollr a*wds lo ensixre A bthce bern4￿0 f¢e-PA)IDg par¢nts (m•tyof uwke covwd¢T¥ble pers is would beuefit a Child'sedueatsonal *tlfare. SL Edmund's 8upponed 4 pupils {2020.. 4) with ICXY/o bur5ari¢s in thc ye4r. We also offer discounts w member5 of the Arni￿ Forces arml to staff embtts wtro) ehoc*Se to thetr ¢tkildreD ai our SctsooL AU bursary awztds art 9JbJed to 6n•oci8i ueeds ID lthe with oux objects * also offer 0￿bA￿S ofclergy tamiL"Tr¢s. Out ￿￿larShIpS aw7rdBd on the b*%i% of iudivithial's educ￿10￿￿ aod ¢xtra¢uttiots ￿￿[1% w p￿1&[ Subj￿1 10 aDy wDdiTiOTh ￿ for particolar awards by the oriwl thjoor. Ackno*l¢d%eo*ttt The GoietDm 8Je ID expFE5sillg theit apprectatiou io th¢ EKecutive Group a￿d au the [wr1x￿ of tbe Teacbmz and Bu5krxss s¢rvI￿ olst &I1]M￿.$ (ot their ¢¢)ntiouul wpon and UDswing contTibutiOJS to the 5uccessof th¢ Scbool. In%'estwent Polky aRd Powen Tbe SclLI)ol's inv¢stm¢uL WW¢T5 are govern￿1 by tbe Meinotaryjum of A>straati￿ wlu.cb penwts yar¢5th¢Led fijnds kn Ix in any sKurity or inves[t￿nts attd prcTreny. as ¢he Go%emots feel appEopriaLe ￿ the SchiM)I's tlttts. Tr Governot3' aiu> is to r￿iD￿l￿ the real value of Endowrynents. with benefirs proTrryl￿l to ¢oming froiD the i￿Orne genera¢2d by ￿￿￿&t￿ents. The targe¢ artnud iD*tsllD¢tti reLUrn is 4.7f/d based vll dL￿￿10￿5 with th¢ rrl¢wt iD¥tSt￿eDI bow and Gowoon wkndderminw8 the leiel o(nsk for the School's The ￿Val rtturn r<￿ned is 3.440/4 Portfolia Ptrforwaffjee Thc Go&crDllts Body ttiJ¢ws th¢ pcrformantt of the w)rttob"o e4clt quarter a8aiDSt the mo%%tt>eot ill the FfsE itmlez and simdar porrfohos and seeks expLaT2aTions V*l*e DE£￿ary the khool's iD•K5tTn¢ot owgers. Lkns th¢ ye4r tbc Gobernots oJo%td the kb(x)I'$ invtsimetus to CCLA frotn BrrRiD tX)Iplull aftv und¢Tttknog a tender iti the Previous yw. G0strn0￿ are pl¢&wl with the rKrfornaallcc a￿1 r4M)rt￿8 by CCL Resetwes Polbcv The Scknil's hilic} 15 10 add to rrs¢Tre5 a mtnimum of£io).IKX) exh year and ro Mail￿1￿ workn.ns capitsl wfficient LO ¢n5ure that short4erm risks ¢an be covert4 adcquakly in ternts ofclsh flow. The rtserves policy is review￿1 on a regujar b¥sis by thc Gov¢rnoT5. Tr t74w likely risk5 arc ap unfote¢ast reduction in pupil nurnbcr5, a significant repair rrqustemeni in the khool'i infr￿tructUre or eALern8lly imposed taT or perwons changes While the Board h&5 fEcognised that IL% lofig-tenn a5piraiion for grtsier regerves is difficu]I ￿ achieTrt V*then Fixoj Assets ate exelud¢¢ li hes agreed thai at presefjr. an)" surpluses over tbc surplus FI￿1 be spent oll furthu u4)rOvU￿ the facditKs of tbe ScEwl for curre and future gelleratioos of pupiLs. The khool b&$ all ambittous develop￿t￿L plarx of buildlngs alld Tefuthisth¢rts when fuD(Ls be¢tsnJe a%iilable to lin¢ tyhatly othe( *boo15 ID the yKlcpcDdcDt sector a￿1 across nuDkn>u5 othcr the COVED.19 p30demic b had a wgwficant effert OD the Scbool's finaDcial pcrformaDce both year and the prcvl0￿s )tar and the Sel￿1.5 Resm'e5 Policy io increase wrves by a minimum of £1￿1.(￿ had ro be iempJnTiIy 5wded io gtpport the eAILKation of our pupils. The Governo￿ look decisive rnEasu￿ suth &s making we ofthe Eov¢rnmeDt's Job Re¢ention Scheme to help mitiga* the Tmpacl ar¥J are confident the l&st t*0 perfoEirwKedoes nol aff&t the ostrnll gom8 con¢em ofthe &h￿l. The GovernoTS plan to retum Reser%es to their pre COVtD-19 It￿15 as possibl¢ although reCO￿lSe that thij És a um rerni god. A5 trdding to teDJrn ￿ oorD)al le￿1$ Gortrllots will wosidet the 8pprq)ria* retcntton of surpluse5 aCkn"eT￿ and qw} adjust tbeir tsE8et of £IOO.CrfX) per awkullL Pro•l¥ion of SeTViCU to the Chthtj. The Gos¢rnors are professional aDd other str¥icts pro¥id￿l w tb¢ SebDI hs plantiiag 10 continue opcrntiug in Iwe with its curEEnt objec4 ￿lch are rniewvd aDd asse4ed aunuaily by thc Board of Go%r¥nor& Th¢ School aims io fiwther incTE4se ts PT0i7JiOO of free {IIyPh butsary) places fundin&endowTDeots allow. as Mrll as its wider publi¢ benefii aCti￿ti￿. The Golrrllors have miewed the Estste Dt¥eloprneni Pr￿ ￿ theii ￿eThI Strdte8y Day and plan w irnproh'e the academic. pasroral. boarding and sporting pTr)vis for pupils over r*xt de£ade. This will iDvestt'ng ID Sumifthble and tenewable technolo￿e5. Phase l of ￿"$ plan *4s a oew w¢bing block coL$i￿1￿8 of 8 classrooD￿ wbicb was comple￿￿ ill Spring 2018. Over the lasi couple of years fundraising bas beeD uDdertakm for the ￿)nd phase of the teacbth8 bliKk aDd *lu"ch wiu further illyrowe thE ID8 spacth The Cbhpel OrgaD b&s beeD refurbished ar￿ the 5ch¢x>l has ￿ur¢d plapning peTTDiSSiOU to w4)iove the spor1￿g faci￿1￿5 with the F*trnanent co￿1￿8 of the outdoor sWttnt￿8 p)ol and expattsion of the Sport5" Hall. Several in the JuDior Khool ha¥% becD 1rfijtb￿hcd to include teach￿￿ walls illcorwTrtuJg wt¢rxti￿e wlu'trb)AT #eti1￿ latKJrniory aDd a bT8Dd Dew hThrary. Th55 rcfvrbthent prO￿Tr￿c will IK folled out acr0$5 the Junior xh(N)l ov¢r the comin8 penods. The khc#)I b&5 subTritted a pl8nning apphcation for tb¢ coostrixrioD of & wrts. paNIlioo ood tb¢ re- sittng of the Can￿ry Squasb Club on￿ tbr )￿J￿8￿ Fi¢1 Fuldrnlskng Po Tb¢ >ch(x)l is reghsLered with the FuttdraisioE Regulator cooJmittin8 ￿ follow the c￿de o(FundrnisiD8 Pra¢ti¢e and the FuDdraisio8 Prowu5¢. Tbe scbool'5 approach to fimdraisiDg is internally tttatJ2ged aod ensurrs that r￿0g￿5￿ s&odards l￿be]d attd the *hcM)I dmj not ￿dertak¢ afty dirta hJtsth3iS]Dg during the )Ear l?020: Nd). Tbe xhool does noi use any fulld rnising agenciu. AJty CO[￿[al￿ts are dtAIt W2th proxrwtjy and thai caDJpaigos ar¢ Dot persiskeDt PTOtectstigpubli£ iDwests such 3$ vuln¢Table peoplE and the xbool did Doi [￿e1ve and complaiats thwiti£ the {2020.. Nil). Rbk h14llage￿¢nt Th¢ Goveroors a¢knowled8e their rESpO￿TrI111ty W CODsth tbe risb fa¢oJ by the School and to eDsurE thai ad4ua 4)Dtrob are in place to idellity. a￿¢$5 aod llutigate against 9J¢h risks. Thn)ugb the r￿k o)allageEM)t proL*55¢S S5￿btIshCd by the School. th¢ Governors arc satisfied thai the major nsks h8%e been tdeniified and miti8atoJ wh¢re wressary. aod th tb¢ systems aTLd prrðm bceD put ￿ plxe lo provkle r￿Ottabk &*%uraDce thai major risks bave b¢eD adcquatrly Iiiaiia8ed. The GoYcrtLOTS aDd ExeeutyN¢ Group bav¢ Id¢D[ifi￿ the follo￿￿￿8 kcy areas of risk and babl takcu appriJpn&t¢ actio￿ as far as Possible aDd practi￿1. to protect the arpusaliou from •ny adrnc exp)5Urts thai could atise Sw15 1￿C thertfort been taken io enswe thai we have the capacity lo. Kev Are• i Manaoe an). continucd disrupiion thje ￿ th¢ CONTr-19 an&rnic: Meet the d¢mand for Recruti and reratn $uffTtieni levels of skilled aatf. Provide and mainthrn adeqtth phJ*cal resource5 and infrnstrucntye. Provide adequate levels of goventhnce and oper3tion31 Actloh t4kto En%ure excellent remote learning capability is maintain and the Schwl'g 0 erntional COAY are w¢ll witstjll cumc￿￿n lan Re¢ruithienl of HR Mana er and invesmieni in CPD Rollino mwnteTWlCt and FAtata Deitloprnent plans Annual Governor skn.lls a￿11¢ ar￿ r2rge*d GovtTror PrE>ent could dam4e the SclKy)I's reputation; Regular training ofstsff. Strong pupil educ￿10# and PR PrDwde 8dequare ￿ s)*ems and ensure the PrOt￿tiOn aft of corlfidentsal Ltrforniatto Provkle ad¢qiJat¢ contrDls to ettsure the safe8L￿r￿S aTh Welfa￿ of ￿$. GDPR cornpliant and eorLsEant inYc%tment in ff rtsouff &5 w¢ll as exIm￿l *stiD of Weu trJine4J thsigttared stsff and robwst $ystrms in pl The Strdfwc report ¢d Atr Marshal C M Nicko15 C& CB& DL. FPAeS. Cbatyma Pa8e 10 St Edmllnd'g Scbool C*ll¢erbury Dlrecthrs, respon￿bIlItie• iD the preparatlDD offlnantixi ￿￿te￿wI￿ For the r ended 31 A st102J St•tewllt of Dlr¢ctOT5' R¢spon3lbllltl The Direc￿r$ Iwtho 2r¢ ai&) Tr￿￿¢$ ofthe chariLable rKJnwany and ThTrvernors of the School) a￿ TeJrA)nsible For preparin8 Direth)Y5' and GovErnf5' Report and the fift￿￿1&1 Sts*rr*nts in ¥¢ordance with 3pplthle law and Llnited Kingdom AKoLmtins Sraodards (Uzjitrd Kthsdom Gettrnlly Awted H¢¢ounting Proc￿¢). of the 5tatc of affa￿5 of tbe ¢hAritable compao). aod the group and of the i0COEThiug ￿l0￿￿c$ alld appb"catson of resourtC4 iwluthDg the inco0* and expenditLsr¢. of the et￿ltable ￿￿P for thai yeat. ID prepariu8 tbcsc finauu.al kdfeMets￿ the dwectOf5 are rEquurd to". lect suitable accolthtxng policies and then appl> ¢onsiMeDIIy. obsme the methods and P￿￿1p]eS in the Charitie8 SDRP,. make judgments and ¢#imaies that ar¢ reAsi)Aable and p￿￿enL mte whether app￿table acc4)uotitig standatds ba¥t followe¢l sthj.ect ¢0 any rnat¢rial departLwe5 di￿o*j aod explwned ill the fitsaocial stsietnents: The Dur¢knrs resrrfTr05ible fot keeping proper 8CCQUllt￿8 TE£ords that diKlw with reasoDsble accwary al any tsme th¢ fillatscial pothtiots of th¢ cban"iable cknirrpany and elkble them to ensure thai the fiDau¢ial sr8teillei)tscotnply with the Colwallia Aci 2006. Tbey ar¢ a150 res￿OSI}lle for 5af¢guarthng the a$5ets of the cban'Trble ¢4)mpany and tbe group and bence for tsknig re&sonablc St4￿ for the preYeD￿tt and detr4ioD offraud alld otlw *￿ItieS. The Tn￿¢1 are also rewllsible for clu￿1￿8 thai the *sscts alt propeAy •pplied ID accorylaDce *ith ¢harity law. The Trnstets are re5PODsibl¢ for the ￿￿InteD&￿Ce and inte￿Ity of th¢ ¢orpord* finaDcia] infomlltson twlud¢J on tbe ¢hDn"toble cojjyoy s web￿.￿. Legislwioll io the LK governins the prq>ardti¢)n and dissemijwtion of finbwal stst¢m¢ots y differ frDtn kw1￿1￿0 itt other jurisdictions. P*8£ 11 St Edmund's Scbool CaDterbury Irdependent audI￿r.> report to the mtmbers ofk Edmund'i School CAnterbwy For the Trear ended 31 A llst 2021 Oplnlo# We hai'e audited thc financial *atements of St. Edrnunds &hool Canwbwy (the 'parem charitable company'l and j subsidiary Ithc '8rovp"I for the pi CDdd 31 Augu51 2021 w4u"¢b collyn5e the C￿￿lI￿al¢d of FiDaacial Acti*ilia liwludth8 the and Expcnth"lure AccouDII. the Group aDd kbThJl Balanct Shcet& thc Group and Sdkx)I Cath Flow Stafcm¢TllS artd to the financial ststetDent% iDclydiDg siwficanl aCCOUDtIDg ￿lIcIt$. Th¢ Gna￿la1 rEpOrt￿8 fr￿DeN￿rk thai b&s bryn appbed in their prepa￿50￿ is appiicBble law and Llniied KJn8dom Ac£ouutiDg StsDdards. includwg FRS 102 Tr Fitjallcial Rep￿ing Stsndard JppliL￿1C io the and Rcpubknc of Itclawt" Iuttitrd K]ngdom Geuerall). AccouthtiDg PracTice). Fn our oplnioD tbe fin4llci￿ Jlat¢wits: we a true and fa￿ view of the sta￿ of the g￿tsp.$ and the pomt charitsble c4)mpaThy'x atTa1￿ as ai 31 AU￿￿1 20,1 and 4)r the 5 iDCOmithg resources oppiLC*ion of ru(yutes. including its income and expellditt￿e. for the year theo elldeAL' have bcets ptopetly prepared In accorda￿-e with U051ed Kwgdooj Genernlly Accepted Ac¢ouniwg Pwuce" a¢Jd beea preparal iffj ￿￿[dI￿re with the rtyuirrn*oty of C(>tiyws Aci 2(K>6. B•ii• lor Opin￿ We collducled our auth't tn a¢conlaDc£ With lolcrnattonal StaDdar& 00 Audttiog (L￿) flS.4511SKj) alld appbcablc law. Our re5poDsibilitse5 under thoa¢ &tandards are fiutheT du£ll"bed hti the Auth"tor'$ wLsibdktie5 foi the of the fJlla3K 51atemcnts ￿tI.0￿ ofour ￿POrt. We are irdcpettdrnt of the wvp ond pmt cban"tsble cotwy w accordanct with the ethical WUiTew¢nts ib* 8ye relebzot to ow audii of the fioancial YAteJ*rts in the LIK. incl￿11￿8 the FRC'S Ethical Standard artd we bave fulfilled owother ethical t¢s&w￿lb1iIII¢s w 8xordaoc¢ with these rcqtllreweD￿ We bets¢￿ ibal th¢ audit bave obtsiDed iswfficieni aDd 8PPTopriaR to prDv¥l¢ a baTh for ow opinio Cop¢lwloDS rel•thi8 to gfjiDg toD¢e In auditing tbe stsMDeDLS. Wt have c(*luded thal the trus*" ￿le of the 8Ottig basis of ¥wu￿8. the pr¢par81ion of the fina￿8) statemeots is •pprt)prial¢. Based oa the th we hait we aot identified aDy vncertaiDti# r¢latiDg th trrttts or ¢>)(ulitioDS Iha4 iDthvidually or Collecti￿]Y, roay Cssi Sign￿C1n1 doubt OD the group"i or pzrenl clwitsble compaDy'S ability IO contiDue &8 a goiTr8 C(rf￿ern for a puiod of at twelve from the 5f2temeDts allthori￿ for Ow rr4K>ttsibilJ'frts at￿ the [r5POD￿￿Ikntt"es ofthe T*itb rrspca to going ron£ern arc dwrib>l ill the telm tiows of thI"s TeporL Other itifonttatio The other information compri%$ the information included in the Directors" and GoKrnors' R4N)rt other financial sut¢ments and our aud510r's repon thtreoTh. The InL51ees arE re6iwible for the other infornation contsined Trithin th¢ DirecioTS' aThJ GoV¢rno￿, Rcwjrt (hw opioion on the finartcial >weMents Thji rover thc other infornaiion and VAcepi the exLenl Otherwi￿ ¢xpliciily in ow rBporL we do noi expre5y any fomi of asguance conclusion thereon. Our responsibility is to read thc other infomiatton &n￿ in doiTh8 x>, co￿1der whether the othtr inforrnatioD is M￿en1[1Y ill£oDsistetsi Wlth tbe [waDc￿l stale￿￿tY OT our kDOW]cd8r obtamed iti the cowse of the audir orothernise app￿ts ts) be tDbtctially misstsrd if*E Ed￿tity such [Daleti￿ incotL8islencie5 or apptrenl Tnaierial we are wuwed to dderrnine FAtsethrr this rig lo a rnaterial in the fiDanGJal staietDeDts thellLseli'cs If. bo5ed on the work Nt bahr perfonD>L coDclth tbat ig a n)at¢ri￿ tntsststetuent of th5$ Otlwr iffjfomtioT4 Wrf art to teport th3t fatt. W¢ ha*¢ nothi*8 to wort in thi5 Trgar& Page l? St Edmund'¥ Selwol Camterbury TndependeDI *vditor'* report to the •fSL khool Canterbpry For the e•r topaoy fin￿la1 ststeuhents are not in agreeme￿ Thith the a¢¢ounting rttords and returns". or certaiti distlosm of trus*es' reDiU￿bOD spttified by la* ate ￿￿." oi T￿1 tE¢ei¥cd au thc inf0ra￿l0￿ alld explanattolls we our audii. Ruponsibilitits of tru5t¢ As cxp1all￿d morr lully in thc 5tsre￿ellt of Trusrees. responsibilitsa *¢ oui OD page I l. tbe trusw (wlw are atso the diRcrors of Ibe charitsble company For the purposes of ￿Mpa0V laivl are responsible for the prepardtsooof the finatkcial staÉemeots and for being ￿ls0￿j ¢hai th¢y aod fakr vicw. aud for 5u¢h iftiernal couuol ￿ tbe I￿ST£eS rteiersnioe i4 ￿essary ￿ eoablc the prtparatioll of fina￿.￿] statrn)eots that are bee frotD matrrial misstatsmeD4 due to fraud or eTror. In prepartng the financial 5tatemthi& the trustett art fEsw>￿lb1e for Is￿1n8 the grtTrup's and parent clwitsble tomp￿). s abibty to ¢ODtiuue as a goiD8 coJwfL d￿￿0$￿8, &% appiicablc. Enattrrs tclakd ￿ gotDg couccrn aod usiD8 th¢ goujg concern bass of aCCOUDting uryle55 tht trustees eithcT inkttd to liquida* the gro￿ OT pare￿ cbaritsble ryyor to cease Operats0￿ or b•be Do real￿1¢ alrrntive but to do so. Aud￿)r'S TWn5ibditie5 for d¥ audit of the fillatKi￿ strTe￿￿ts (hw objeciiv&s ue to obtaiTh reay)nablt ￿U￿nee alM)ut wthether the financial 5ts*ments 45 a wI￿le are free from material TftisJtatety*n4 thlher due ￿ fraud or error. and 10 issue an audiior's fEPOrt that includes our opin￿ll. Reasonable ￿￿￿anCE is a high le￿1 of &$sUrn￿e. bui is nol a guaraniee that an audit conthhcted in accordan￿ ISA& will always dei¢¢i a rnaLerial rnRsSta*ment Y¥hen li exists Miss[alerT￿ts atise frdtsd or error aThJ are considered Inawi￿ if. individually or in the assreg￿e. Ihey u)uld ￿&s0￿ablY bE eKpe¢ied to inlluertt the e£01￿MI¢ dttisioas of u5er5 taken on the basis of these fir¢an¢ial sraiemEnt& The extCDt to ￿1¢ts the audit ￿lS considurd rapable ofdete£till8 [nE￿larItiC￿ inclthg fi8ud IrTtguiaritsu are it￿tanceS of non0sliTrl￿1Ith T￿"S des¢tiPtsou parf olour aUth.￿r.5 repwL report Thts rcport is Tnade solely to the clLaritsble cowany"s tD¢tDb¢rs, &s & bod)". ID Xcofdance with Chaptrr 3 Df Part 16 of the CorDpani¢s Act 2006. (htr audir wotk has beeu UDdurakeD so that we might sts* ￿ the cban"table ¢ory)dny's metDber5 tb[￿ nJatt¢r5 we are requwed to statr to them ID ao audrtor's report for no other purpose. To the fuuest extettt PeTrnittcd by law. *e do not accept of assume respoDsliJthty to an>one other than the clwitsble aod the cbarirable company's Tnembers &8 a bodi. for our audil Work. for this repo¢ ￿ frjr the opinions we have RSM A￿li1- LLP HANNAH CATCHP(K)L (Setiior Statutory Auditor} For and on bebaifof RSM UK AUDrr LLP. ststh￿ry Auth'tor Chartered AccounianL4 25 Farrittgdon Sty tA)ndoiL EC4A 4.4B Date 20th DecÈmbÈr 2021 Page 14 St Edmund'i S¢bool Canttrbury Coll￿11datr￿ 914tiu￿￿t of finAllellll aetivitiel (Including in¢Dme espeDdifore account) For th¢ yeAr eThded 31 2021 2021 X¢xs LIM2 15L)41 9J41SIJ 9357234 (rtherw￿4jThE. IURSI 1•7.74 4Th951 (Abetu*diti8 *lCOJI 1(4T 66M J91 395 27fft1 29J36 29J58 TtyAI 27,07) $6,7J9 EwDdrn￿¢I)tt: 8 fiwd5 IS631 1112 6K ltsJ9 Ilatiabk acii¥##e5 9.937J73 17.18) 11)JIIOJ92 10.415.156 9.953.iM>I 5&148 17359 10439 412 Ctyw4ios5) DD iDvesttrDty 15 39AOI IK629 IM391 Trd]Jsfets ofScknl•J5b￿l 26,012 Fulld ts7Q5fe 29AI IY4NII NÈI fim 297 BthDCt ￿ I SEpwthT 1.797,483 IM4,892 1.1 4.472211 Dce•i31Awi 1899 670 85 t253.669 3,777324 Page IS St Edmund's S¢bool Canterbury 03201223 Bal#Bce Sheets As ¥t 31 August 2021 (koup 2021 Sebwl 21121 202(J 1020 FFvdx51ety Tallgbk fl￿ as$eÈs 14 5A31JISQ 5J61&33 5J61.633 Invest￿¢llts [nVest￿llt w sUbs￿lary 15 16 1.157J94 97{￿91 lJ57J94 SAIOO 97d891 6588944 6J3&524 6J93944 &543524 ocks tkbto Casb deposrts Cawign deposits 17 2J7b 906thJ6 lJ38J97 401 9117.131 1392.736 IJ30J59 747￿02 1484234 2,701436 l441.974 Credtors: Azryiwits fallmg due wlbitb ODe ) ear 19 13.428J91) (3.n539)) 13Al￿All (32fflJ38) ¢1 current I1￿11]bel (68lJ881 ITg1.Ilbl 1716.175) 1825J61) Totsl ￿¥t￿ Itsg cwrrentliaiilitie¥ 5gQ7J55 S747.4 5x17.769 5.71&1 c￿￿t￿. f3ibDg duc after IT thaD One year 20 I2 JJOJ32) 11.7782011 (2,130 J32) I l.T182(hl et*5sets 3.777321 5.￿92(￿4 3.747 437 ReJ¢Dt$ La￿5￿￿(ed fi￿dS I.499￿69 lJ123J85 1353.67(J l J69382 I￿23￿85 13S3.669 Rest￿ ted fiwds Endowed funds 1.054.8W. 5.116.1tr) 1.0S1.8Y2 3.777221 3.￿.204 3,147.437 J.939.956 A separate StatenrDI ofF￿anCial Activiiies, orincotrt andtJ4JeDdiÈurE accowii. forthe charny ts¢￿&8 lloi prtsenred because Ihe charity bas taken advaDlageolth¢ exnYt￿DS afforded by seciion of the Aci ?*ei (outgoltiglrrsour￿S of tbe charffy For the YearTNJEfE1£191.9￿1 {2(F2tr. 1£9)3.Wl. The f￿a￿til ieDfDt on page$ 15 10 38 wer¢ approvedaod authorised for i5sueby the board of 8OVCItsOfS and were syedon tts bebalf by.. A v ma￿halc M Nickn& CB. CBE DL MA. FRA¢S G)vcrnor Page 16 St EdmuDd'J School Cgn¢erbury Consobdated ￿ternetst of Ca￿ tlo For the >e*r etsdtd JI August 2021 2021 2112 C•h iinowfrom (Fratiog *tiiities: Nei cash (used m I plovmled by op¢rdtmg ¥ti%rt luve5tDfDI iUCQArt Itt*T¢St recer4¢d 27 (193 28,941 195 (164JOO 4812 2410J02 Pmcttds fmnj sale of fLrd a55ei Inv￿t￿l￿(S Th￿hase of fiEd assets Fluch&se of r￿d asset ¥lV¢5turfits A).436 1243.724) 1.031. 1285JJ831 (268J661 lei incwease l (d￿￿e1 in bomJv47ngs 443.797 02.182) r•eith¢re•e iD cuh A1￿cH￿ 15.785) (WJJ481 Cash and cash rquivaknts b¥DU8hi foTWI lJ47.631 1,937.8P) CAsb and￿tr ewivleDts urriedkrwvd Casb aDd deposes Cauyay d¢posits 1.43V 4Q569 IW15 203y sh bekl •ith inNestsmnl UODag¢r 413( IW7X*31 IS15 3A1¢ A•ptZ02I [5. IJ4T315 (J34J Enans fakn8 due aflervoTt th•n one y r3fJ.129 .IJOJJ2 42JJ75 65A61 Page 17 Si Edmund'g S¢bool Calllerbury S¢bool ￿￿tement of c8sb 0tr*s FOT the year ended 31 August 2021 2021 2020 Cxh bnflo* from oFr*iDg aetiTritk•: t cash (used inl proi wjed b>" operntUl8 a£tiYitr In¥￿try¢￿[ incofrt Interut ￿telY¢d (t67.&￿) 28941 395 171AY2 2&812 (137.712) 201360 Pmceeds frnmsak of fipzd Isset m¥estllfDIS Puttbase of tsogthLe ftyd assas Pur¢ba5e of fizd ￿Se1 investllfDLI Nei cash *ctliiti¢s 9A).436 1243.7241 1.031.3) 12851183) I3(￿.4￿} {268J66) het iocw¢ I Ide¢ffase) iti bonvwiti8S 443.7Y7 (22.182) Net itscreae i lthcru•e)1g and *sxl¢•ts 21J102 9388) Cash and ¢35h equivalEnts brnughi foT¥wanl 1.771181 I.8￿.469 C*h ewiHleats LrrItdfOr￿r￿ 1,796.185 I.77S.181 Casb aod dcposirs Canyay d¢posts Im736 I￿j59 203J Casb bebj wNb iDVeyU￿nt tr#rÈager 41J13 l 775 181 1.796 185 iilSe*4thr 2Q2• Cash 14ans fa￿8 due witbllx otte year ix)ans hum8 dut afterrt)rt ihan one year Trtal 1.775.181 {134*881 1 778204 137 21.(K14 1.79U85 (134J89 13 469JI36 J31.12S Page 18 St Edmund'j 5cboDI C.*nterb¥ry Iyotts io tbe finaDclal ststemetsts For th¢ '¢4r ended.11 A 2021 I Prltstlyl polici The ch3nty Is a pnwate cott4wiy li￿lted by guardntee, iDcorpornTrd iD EDg12nd aod Wales its rcglsk￿d office adthtss be￿￿_. Si &ln]uud's kh(hJl Cankrbury. St Thotllas Hdi Caoterbury, KeoL cr2 81￿. kn the event of th¢ tbarity beiug wound the ]iability' ID rcspe¢t of the guatanttt is iimiitd to £1 per votiDg mClDberolthe clwity. Tb¢ ¢haD"ty's objertiKs and aims arc d￿109¢￿ in the D]rtcth' and Governo￿. and Stratrgic ReporL AcCtswDti￿ CoDv¢tttlo Thtse finaTr¢I￿ siakments have been pwared in accordance with FRS 102 Yhe Financial Reporting Stsnd8rd applicabl4 the LK and Repubb"c of Irelaod". the requir¢D)ents of the CoU5P￿te$ A¢t 2(#M and ￿er the hisfori¢al c05t convetititi li6eAI to lldude ¢¢nain fir￿nCial iastrwots & fwr YJlue. The fffjancial slatemettts ￿Ve also beeu preparcd . accorda￿t with the accoutsting pokneies se¢ oui ID delail below. ￿ cotuply with the charity'$ goYerniDg docuttjent and Tbe Cb#n"ttes ACI 2011 a￿.￿ccoUnt￿8 and Reporting by Cbantu." S￿￿Ment of Re¢omtDtsded Pnchce applic&blc lo ¢bariuÉ% pr¢panng ththr atcounTS in *cthdaBce wilh Tht Fioancial RqM>rtiDg stsfjd￿d appli¢able in the UK aod R¢pUb￿.¢ of Irelaud pubbslhed io Odober20191thc FRS 102 Cltarities SORP 2019). The fina￿?81 stsietnetts are prepated iti *erltn& *kn"cb is the fi￿ctIo￿Al of the cljaritsble compaDy Mooet*y atllounts ill tF&e finanth.ai Mateo)ents are rowided ty the oeatest £1. The dwity COQStity*a a ￿blIC benefit eDtity as defined by FRSIO2. TtLe Governors have pry￿red fwoc1￿ ￿￿or1}I*ll0￿ Co￿r￿8 a ptrithj of # Ica4 12 month5 from the date ofllpproval of these ￿¢0￿￿￿. aDd OD the b&st5 of rtjat U￿0[1￿#120[￿ thE supwn of the bank and otbet stskeholdtss. th? GoNerniM5 aoiicipate thai the Cbarity will CODtinue to bzve Suffictcnt re50urce5 to mcet its fiBaDcial li3bih"Des they fall due. The firoo¢ial ￿￿or￿atio￿ which is updattyl on a rcgu]ar ba5i& includts dethiled budgcts aad caslfflow fore¢ast5. Key 25SllTWons in the foffxasting model t￿lUde pupil numkn p￿dI¢ll0￿ ÈnfornieAI byullr¢nt and pn)4)EcDve pup￿$ tog¢th¢r with pupil rrnitmcor trellds Pre￿￿$1> athievcd usitig Seve￿ yeats. worth of dats. The ba￿ 15 the m8ill Stske1￿}der iti tern)s of fina￿781 suppor( Lyher kcy sthboldcrs Ore Pri￿￿'tY fv m•knoB OT8zuisanoll5 that P￿115. f¢¢s. la￿51 is tk Drall alld Chapict ofCa￿￿bury cath￿r￿ that p¥oYide fin3DcMi SUPE￿ for 25 cante￿￿ry Cb)rffto5 educatrd at St Ednwod s Sch￿1 During the year the Charity hL% Util￿ell the CBTLS fundini available ￿ part of the res￿￿ to COVtD-19 pandemic. De5pio the uncertaintie5 sufTounding the curreni COVtD-19 pand¢mic. hal'ing conjidered all of the factors Aftd reviewin8 available e¥iden¢¢. the Goveffl￿ have p￿lled tht finincial *atements 4Jn a going ¢oncern basi& Co4wlid#tsd fin•Bcial 5tsteMe￿ts The cbariry has cotLwtsdaied the Tesulty of irs ts￿l￿g subsid1￿. STEDS Limitr¢ Icl for PLWFrfxeg &% sel oul 111 D￿¢ *S. Doo•doos aDd leg#¢les DoDatsoDs and legache5 ate ￿08￿lS¢d utsder iacots* iu the Statement ofFitiantiai Activitie5 thc ￿t1p[ vf th¢ obable. and entstJcrtt￿ L% trdDsftrreJJ ￿ tht Scb(K)l. Pag¢ 19 St Edmund'g S¢bool Caoterbllry to tht financial ￿￿terne￿ts For the r ended 31 August 2021 All income is ¥xognis•l when the thariry h&$ ¢ntitlement funds the rtteipt is prc&ble and can be Measu￿ reliably. Ftes Consi￿ of charp fr)r the S¢lMM)l >vx endin8 Aum less burs￿"t$ scbolar5knps attd di5CQUD¢¥ or allowaoc .4Dclliary DoD4tttikn tradlll£ ltteome illary trading income reprtsenTS amounts from acjvities io geneNe fiJn4ts with.io the ¢han"table objttts for eXa￿vIe registrarion mthsic fee5. F¥on-aticillarJ tyading income feprnents atnounts from ¥tivitses noi IbTecd) related to th¢ Charttsble ¥titritie& foi example lettingb of xhool facilities out of *Tm time and ren￿ frorn spxr¥ 5&001 buildinE& illcome from these 3¢tiwities is rceowsed in the SOFA kn the gwd5 are wld OT %Trices [￿¥￿]ed. Ewoditure Expellthnlle is allocated to expcDse beadw eilher ots a d￿ECt b•st5. or #pl￿10n￿l auordill8 io trJJe JPEDL The itrecoverable ele1￿￿1 of VAT is ioclwted with tbe it¢ty of eApeD5e to w￿.¢￿ it rElaTts. Te*ebiBg eoats SupplKs 01"Eats￿ 4uwmellL statiQDay. and wriitrn off to th¢ kbc4)I geDer31 the GoverB*nct Colts GoverDanc¢ costs cornpn5e thr costs of complyitig TAI c1xtstktutsoD￿ ststsrtory r¢qyiT¢meD¥S aod atsy other costs of the chanty Ls z le8al eDlity. Pénslon •them Retirement btDefits to en)ploye&4 of the clwity are pmvidp4J by TeacheTh' Pew)D CTPS) *kn"cb is a ￿ll111- etDploytt defiDed b¢n¢fii scheme. The TPS is an unfvnded 5cbetn¢ aDd coutnbutiODS are ¢altulaied g) &s Io SPTead the cosi of pensions LMT ettwloytu, rkn.ng libes with the ch8riry in a w'ay rhaL tht pension Cl3Jt l5 8 subyantially level pewgnt4ne of Clmtand fijttve pcnshonable paywu. The contributson5 are determined by the Govcrnmeal Actuery oo tbe basis of quadr¢nDia] valuations ILSith8 a projected utili 0]eth￿l. The TPS is a ￿￿￿.¢￿P10y¢T ￿hen￿ but thuc is insuffi¢ieut Inforn￿tiOD avai]able 10 U5¢ b¢nefit accouoting. Th¢ TPS is tb¢irfort treated a5 a definvl Contr￿ul10n %lLCmt for accoulltiDg pwJ05¢5 aDd the c¥Jntribullolls ar¢ r￿Qg￿$¢d ill th¢ pm(Ml lo they ielaic. DiffeT¢llces LU)DtTibuuotLS payable in thr ycar alld utions acDJally paid are shtswD as ¢ither Oth￿ rrulitor5 Dr deb￿. Th¢ ¢ompany opcraic5 a 8roup Pcr50nol P¢nsioD Plan (dlwJtes Tb¢ asws of the pl afe h¢ld yardlely those of the ¢ompan}'. For employees joincd the scheme prior lo 21 d March 2014 th¢ emplo)rc Mak￿ a minimum 30h contribution and the company makes a minimLbn contribuiion ofS/9. For eryloyees who JOiTbrd the scheme aftw ￿ 21° March 2014 the eryloyee makes a rnlnimwn 4•/g ¢onthbur¢on and the cowy makes a minimum contnbution 0140/. The an￿￿1 contribuEions pa>7ble aTE charged to the income and expenditure accounL The Scbool i5 rne¢ting obiigarioD io the a￿O-c￿r01￿cll1 ofpetsious foT staff. Tbe Swod staff co0¢nTr)￿e to a Defined c￿trtbuttott Poiiey Vpith Royal tA)r￿0￿. UDrealiJed gaiDKlltss UL)Thiised ￿￿]&,1055CS cot4)ns¢ the diffeFellce betweett the of iTfvTStttuts at the begtiwingof the year the markd ¥￿yE of iftvestments at the end ofthc yetr. Stocks Stocks arestared ai the lower of cost and e￿lma￿d selling price less com 10 complde and sell. Page 20 St Edmund's School Cgfrterbury Notu to ibt fi•8fjclal itstemrnts For the e#rettd￿ JI A t 2021 Tallgll>le flxed aw Tantsible fixed assets initially medsured at cosL and sUbseq￿dY n￿as￿l￿ at COSL net of deprctiation and any Impairment losses. As%ts bclow the Yalue of £5￿ are noi regarde4J *rrthy of capitsi￿all0fi and arE ￿Titt￿ off ￿ the Sthtemeni of Financial Acts￿lIeS in Ehe ytar ofpurchase. DePr￿larioU is provided on all tawtsle fixed osyets ID us4 other than freebotd ialld al rntts calculatcd to TrTiteaoff the tosi ltss¢still*ted ￿¢th￿l ￿"alue of ea¢FA Wt osrr its eXp￿r￿d useful irfe oll a SUaL8htslioc basis as fouows.. Budthu8S Buildintr IMprove￿ts Furnibfft and equiprnent Motor ￿￿1"Cle$ Bet￿en 10 atml 50 )tats Benveeo 3 aThJ 9 yt*Ys Be￿e¢n 4 and 7 Bdwt¢n 3 a￿] 4 )ta Nc4 deprttth*d IpvestmeDts LLSted I￿￿tt￿ents aTe statrd at Ill￿*¢1 value by TEfcren¢e to their bid Filur at th¢ balallce Jheet datc. The Statemcnt of Financial A¢n￿o¢S include4 the net wns aod losses arisiog oo ￿￿u&ll0D3 and disposal% rbroughoui the J"eaF. CorporatioD T•xtt A¢t 2010 8lld T4x*tlon ofCb•rgeable GI￿ Act 1992 The School ￿ a re￿stered cbanty alld as sucb its intoine and f3UIllg SedioDS 471 ¢0 489 of the Corporatsots Tax Aci 2010 01 SectKJD 256 of the T&xation of c￿geable Gains Aci 1992. are exempt from Cory>oratioJTax to the exmi Ib￿ they are Jpplied to its cbarstable objective& Operathig le*se• Rellthls applicable lo leas&% wbert substsDtially all of the benefits aad iisks of ownetsbip r¢maio witb the1¢5SQT ate cbar9￿ agaLDSt ptDfits tyj a straigbt.lille basis over the pericd of the lease. The ctwi"table r￿￿p8￿Y applies th proviyons of Swtson I I 'Basic Fiti•Ki81 lnsmu￿0ts, of FRS 102 10 all of its fi￿￿111 Fin&neial iT¥mimerds art I￿08Th￿ when the chaTitsble c4ryaDy be¢orr￿ party io the contracbjal provisions of the B&sic financial &5sets. vkn¢b W¢￿de trade aDd othcr deb￿[&. aT¢ initially m¢awr¢d al Price I￿Luding ttan5xtion costs arr suivqucDtly Gat¥iC4J &auprtis¢d r05r ￿1￿8 th effedive iTht¢r¢51 methcd. Buit fittatttial Ilab•titic5 Basic flnancr81 liabillii￿ ineludin8 tsade and other crediiors. overdraft facilirits and bank loans aTe initially fEroBnised trans2Clion price. Financial liabilitses classified as pa￿bI¢ wthin one art not amonis¢d Financial liabilitie8 •re subsequcnTly carried at •Morts￿ ¢0$4 usin8 the cffttiive IN￿rC31 method. Trade crediiots are Ob￿gallo￿5 to pay for Boods lx *T%ices that bai"e been acquired iti the ordillary course ofbusine59 fro 5upphcTs. Amoullts pavable ar¢ clbsthed as curreul 1iabthtt.es rfpaymert is duc olle year or Iw. if t￿L the>, are prcsewed as lloD-curr¢ot ILabditie5. Trade crrth"i0￿ arc rerosntsryj rDitiaJ]y ar uau5action price and subs¢queJtly o]easw¢d at amornsed COST U5W8 tbe effecase intcrem meth¢)d Cl255ificatiOn of finaocial liabilitlrf Ftnancia] liabilities and itLSEFuments a￿ cla￿fied according lo the %ubthce of theoJntr3cbJal amngemcnls ¢nier¢d into. An equity iNm)ment LS any contsaci thai evidences a ￿idUal ittierest in the assets ofthe company after dethiing all of its liabiliries. Dererogvltl•D •f finxllcial Financial a8sers and liabilioes are ￿er￿0￿15ed when. and onl>" whcn, the contraettLal obligatiorfj are dischar8etl cancelles( or the) exp￿e. Page Zl St Edttsund's S¢bool Canterbury FOT tbe tar end*J 31 A st 2021 C4b aRd casb equlvajen Cash and cash wiivalenL% include cash in deFN)stts held at catl with banks other $hort4emi liquid irkvestm¢nis with origina] marwilies ofthret nw)nths OT1¢54 and bank oKrdrafls. Bank o¥erdrafts are thown within bOrn)￿n83 tn curr¢nE liabiliries. Crlti¢*l #c¢ouDtiD8 estiiJi2tts *nd *r¢M of J4dgnMt Th¢ CJOi'¢rnoT5 do ¢ollsidtT aoy to be judgeuknts or estirnallon5 whicb basy a li￿1fiCallt effect OD the fJnw?al l Doll*tio￿ leg•tl 2021 2020 VArW oftkbnoTr-KestiKtC41 15U41 11.612 2021 2020 Feej Ctoss iuiity)iboaftlitig aod gu¥diaD fees MtxsK F Lrg5." Total bu￿ar*s. sEholu5hips, 851iSt¢d places. Subs￿le$ and dTgcounES IlJ13.794 123 J93 2295 644 11.055.110 Other tr*I￿g 2021 2020 Fa¢aities 31J69 16.479 36.121 16.410 27 86) Tyading incorrt (noEe 6) 66 The Car￿*￿ incour relates LO the khool's devebpD%ni ¢aup2ygn. Of thetorxl other trading itifOKLf ieccivcd iu 2021. £16.479 IW20.. £16.4101 *as atthl)uthbk io YeslTiCted fiwd$and£59.729 (2tr20.. £63.9811 io UDffstrKied fuDds. Page 22 St EdJDund'$ Se1K￿l C*Aterbury otr* ro the Slaiements For the ye4r ended 31 August 2021 2021 2Q20 Baftk and other mit￿1 IDcottr fmtn ltsted iD%"akn￿ts 395 28941 2&812 29 or the total ity¥esttt*nt received ID 2ff21. £ 1.¥71 13m. £l.F)l) xttnbutabk lortstr*ted £.VX170 {2￿￿)." £4193) w ¢odowTd filnfb and £395 (W. £lJ75) to Un￿$￿1¢￿d fijllds. Traang kneo 2021 202• Turnover Cost ofsèk& 1&142 14 12 (kDs$ pn)f# Ixher opeNio8 eppenses 10.oMI OD ordikary a¢iÉ%'rtJu befo￿ and after￿X 6.￿] udti ftes of £3MI W." £3AQ) aff included in openiing wen3es. 7 R%iSiDg fun 2020 Traditi8 ¢)yerydff4ue {rLoie 61 tnvesinrui Theo•geuroLchar%¢s Fundraising ¢w¢ns& 15&31 676 212 1.7Q) iJ?I Of the iotsj ¢¥)eDditutt ots rnisitig hLods in 2(121 £11 12 1202fr. £1962) was thttrbutsble to RStr￿ed fjADds.£616 {W20.. £68) io etjdowed fiJn(15 and £15,631 1203Tr. £21.IT21 to Un￿trIcted funds. Pw23 St Edmund'g School CaDterbury PiottS m the fiftaDcaal For ihe ear ¢od¢d JI Au u#2021 g Cb¥itaile . froup Stsffcw¢• Other 2•21 2112• - Teacbuyg costs - welfa￿ ¢osts 443.776 17.744 5.767Jb90 l.J25Jll I 1.782 J29 1369J37 2A12 72912 AIQ015 .122 185.4 7l7J13 . Ptenyse4 - gjppon costs Ilioie 9} . C(ants. aAztds and pii - Restrrtcd ANwds Im431 511239 1412 71912 324.978 31385 1.761555 IA85b52 33J12 374 IDOIOJ92 10415 155 Of the total charithbk 8Ji¥oes ID 21rii. £56.036 (2(I20.. £249321 was attrbutsbk ro Testwted fjjnds. £17.18J 12tr20£&580) WAS altnbuiabk to endo*rd fiwds and £9.937JrJ 12021Tr. £ IOJ81.6381 ¢0 un1rs￿ted ffi￿d5. Other 2Q21 2•Z FiJx8occ cost5 (kberopeT3till8 wemaDce r05ts ($ee bebw 147.rM3 I￿50} 4YJ.7Y) 123.oyj 573Jl 9 7613( GmTN￿e costs 2021 2•29 and acrountao¢v fus loote 10) L¢gal aDd prnfessioo&l tees vemor5' IHbthty mSUFar 30210 34546 651 57 91 P4LT¢ 24 St Edmund's S¢hool Canterbury otes io the fknaDcl#l •tslements ¢ar ended 31 Au st2021 10 knthtsr's reuMwer*loo 2021 2020 AU411￿￿9 re0m￿Crath)D tDTStatutory aud¢. c￿￿P aDd Schoo subs￿￿1 cottpally (Iberaudit servrd. Te&beTS' peDSW)0 5cbeJrt Avditoes non audtt S¢rytiS". Taxrot￿lIAtic¢ 27. 1,740 ijyj 30210 11 TAs*top 1021 201• Cvreot tsL" Unrtcd KmgdoMCo￿v￿tx}n taxon TrsTrJks frjr th¢ year Llndtrpvo¥￿X¥Th in pTr)r yc4r5 ttBnt ￿K£harge ¢i¢￿d¢4 in sundry coJlY the tsx ch4rge Iht )ear: Pmfrt ott ordmary actrvrtes befort lax 119199)) PTofd on Ordinary actTVit¢S TnJh4y&ed by the STandard raEe of UK co￿orat￿n t&xof 25 /• (21J3Tr. IP/•l {47.9)5) 1955551 Efft£lS of. IknD.t&Rbk Cbaritsbk aclTroes Defttlvd taxuot tecoguised OJzTenl ¢¥ACh￿8¢ 47y95 95555 12 Net iBcoJne 2021 2020 This 1$ 5tat¢d aftCTchary￿S. tkprrtiaiB)n J74J 57J17 410.4140 f&650 10t¢￿%1 payable.. - &gnk int¢I¢st and otheTctrL8t8es - LoaD Inte￿51 Covernors, li*bQity injurnnce 11972 lig22 94,611 5332¥9 56T274 Page 25 St Edmund'i S¢lh)ol Canterbury otrt to the financ1￿ *t#teThents For tbe 'ear ended 31 st 20ZI 13 Stsff Costs 2•21 2020 Wa8e5 aDd sakns >cthl secuirty costs 5291JA) 53W 5JS2255 519.16B 6.70",.61S 6%1.141 IDcbMied ￿ JTaff¢osts a￿ ffstsueturng ¢05ts cogpri4e offfduDdauo paynrllts of £Yll Q02Tr£1262&Z The aRrgg¢ oferylo)w Ill Ikt year 2021 2020 Te8chng aJ>d support statr. - Full tp - Parf - PerVate￿ Musr Teachets 21 26 31 32 59 31 192 197 Tht rfett¥doye¢5 OB * FWI Ti• (FTE) tsmii 2021 2020 TcacbiD8 attd suppon st8tr. . ￿1[ rmr -Part - Penpate￿ Mus* Te4chth5 14 26 27 The go¥cmots a￿dIn11{￿dId ooi ￿¢1￿¢ aod ￿n￿￿trai10D or ￿101)*￿5¢￿￿ol of ¢NpMses durn8 theyear UDder ttytw or thep[ev￿u9 year. The ouwberofeupkjyw ￿0$C Cr￿￿0￿￿15 eyEtede4 £f￿.(K￿l 2021 2Q20 £70,CQI - £W.( £80.￿] - [￿.1￿)) £￿.Col - £i(J).c¢x £I￿￿7_£i￿O.( LI10,IXII _£120,CX Tbe key QWDagelltDt prtsor￿Clof the cbarity ¢oapikse ib¢ Do￿rt of c￿ve[nO￿ and tbc Head support¢d by an tive TeatTr incknoes ibe Head of j1￿￿r Stb¢xil Htad of SuDior ScbooL Head olPre•rep and the ar. The loial ￿ThI￿eratIon (Mchjd￿g ellpby¢r oational ittsurnllc¢ and¢ttph)ycr Pens￿ts COOtstJutx)nsl of the key ￿Enage￿nI per50nnelwds £428.145 £365.b441 Page 26 Pl St Edmuad'i Scbool C*nterbDry Notu to thé fjU￿tIaA staterntDts Ft)r the ye•r ended 31 Avgtsst 21121 15 RXed*setlDwD￿tskn Qoupandscb 2&21 21J20 Ma2*¢t i'ahL¢ I SepteTw*>er 935J57 I￿31233 Acqwsilijns ai ¢osi Disposah lJ)31,795 (990.436) li la57￿(•7 I￿129) 59.74 935J57 aDd th¢d gaws l (k)sses) Cash Im¥est￿￿OI nErta8rr 6S9 41J Mtht at 31 August 1.157 Cash DepM"ts 2•21 2•2• CfEener-Il'ynn TtDsr - EndoThwrni hael F4)dder-fJdowttrvt 247 21 X17 21 228 l l i7894 Q?6.891 EJdoTrT£ni b)an balances have beeD show) Det agar¢Stthe ¢ortespondiD8 ¢￿ditor balances. Further dctaas otr Ibe iThter-fvDd loans can be found ￿ oote 25. The bistoncal cosiof thaeinvcslllEnL* 18 £1.031.7)5 IJ)31 £V9275). 21J21 2fllO The cb•ty aquuEd 5,IKKI OTdJllary sbatrs of£i etcb m Sl"EDS lJllllt¢4 a Trbolty oTrne415Ub5￿iW. Iv4Tb the rrgi51effd ofye address beiD8 ihesaEtr its pa￿ll1) ou 5 Novether IM Tbe oet asset& of Ihe subsmlury at 31 Au8U5r2021 Ntyt £34.20J {2020". £MJD>. The nadin8 JUJpILUS for ih¢ subsdary. i% £1511 {2(QO." surphJ5 £6.6lJ31 and ￿rther anolysis ¢an be found in note 6. 17 Stock Scw 2021 21120 21120 P￿kS and StatKsDwy 1578 PA8e28 St EdwuDd's Sebool Canterbury ¥'otrI to tlte Onan¢l21 JtatemeDts F'or Ibe v¢*r ended 31 AuRust 202) 18 S¢kffil 2Q21 2020 20211 Tr4de debio Fees C*bcr dd)ton ¥od Prepay￿￿￿(5 x>unl due fioMsubs￿wY widertskyig 2919 819&02 84JiS 3551 535,943 135J31 819￿5 84.115 535.913 135,138 36J26 7rAI.IL** gQ6 907131 19 Credthrs Jp sch￿ 2021 2fj21 2020 2020 Tr8de credtto Batsk k)ans atsd ov¢rdrafLs Other I￿S and social Se￿[￿Y Otber cRdito Accno 40572 220 J57 123328 606.467 170.976 747.129 414062 3 42BS91 I￿)220 134.888 J74521 474J37 135.026 73727) 31&24 226J57 121361 611J14 166fj64 747.129 134185 3?1.447 4TI.rJ3 131516 270 and d¢posiL5 Fees rrceivcd * ad￿￿¢¢ 3 41•611 3J6-J38 Inc￿{1¢0 withm 0lherc￿d￿o￿ *r auDutt15 tots]ItDS £94291 (JJJ>. £ 101307) DJ Tespect of OULitand]tLg Th¢ batth b)aos ando¥rrdrafls of£1356m 1202tr. £ 1.913.¢WII aff %￿ul￿dbY fixd and tk>at1ts8 argo. Fem la 2021 211211 Bmugbt forwd AddllN)oa] tees in advaDce Uttbed m theye lJ79J188 I314￿62 (1279J188) 1581J61 127J.I 11.581J611 Cafftd fo7Thard Sho￿ V4lthin crrArtors fall￿8 due one >ear Fees in adv¥nce ryleseni the allDuDE of &hool ftes recttveMI iti rtktK)D io tbe fr$Lb1￿0S yw. St Edmulld'y Sebool Canterbury otrs to the fiTranci¥l sl¥temehts" For the ear t￿ded JI 2021 20 Credtorj Stlknjl 2021 2021 Z020 2020 Bank knaDJ 1-2 yeaT5 Baok k)0ry$ 2.5 yea BarLk k)aos fr yea TO1￿ Bank kjalls >lyr The folk•wing secwitu bebj overthe kbool's asset5 by bat*'rst B2uk Pk". Mort8a8e issued M8itb overt&e freebokl pmperry known IX3 & 4Th¢lJMe Sl Tbonw, Hiu CAELtethury Kent and l & 2 St Fknds c￿(￿se5 rth LADe Cantertjur) K¢tyi. Mibrtgage iSSLted OEtobeT 2(K¢3 overthe Property os PoBt18Dy.UDive￿trY R0rfC4nte￿ury. Kcut. 2J4J90 704￿71 269.776 269.T76 234J90 704ffi71 269.776 269.T76 30J32 Mort8a8e tssued (kiober I￿3 over the prnptty knowi as 3 & EdlluDds Cott88es.(7¢5 latke. Caotwbw.KzThl. Legal cbaTge issued P4)venl)er 2017 over& FAllluDd& ScbooL g Thottths HaL Cantc￿Ury. Kent. legal chaFBe i55ued (knob¢r 202001.￿ & Ethwod's S¢hooL g Thonys PfjIL Carttethury. Keot. (lts rtspect of CBILS) (*oup 2921 S VASI AOSTrt￿d 115J06 31.wl lol.) ITS.636 1250 19.IMI 11.6fyJl IL550 [6.Wi liJS01 (Iyji 29.723 i J n9AI) -Th¢￿rt 114J93 1&479 57.17 9.931 3.115 JJIS 32J27 lJS0 5J5Z 154.•YS 1.0$4Jr. (5LIUI t29.•11? 39AéI 51&735 J3&69'. J9.963 45MJ• I6JZ6 4P5 •J20 J55 J71,7$4 IIE.1611 lyo J4 113.WJ) 144.0?4 11.O79MS J.7T1315 T¥￿ 9.gJ7J",Jl I6PI2 19.411 1.-66J3> 9J4>J41 19JJ7J-. J 26Jlll 215J•l *$72 Ui.4 (￿.4•1? iuiJos 271.6i7 IJ !JS01 6.6WI 112501 755 -PL¥DI , IV255 734 ST.170 ?.gJl 2* 3.11$ J.115 J2J2* IJSO 1215191 SJSI J95n (29,1111 J•.ui 171.91$ 5)3.44- 39961 4J.4 16J16 17•J•g 306JW 45>17 4J.4J4 fL2.16J) 11gDi 11),rth) 19220 1.116x21 I¥JA1 JJJ•.•J5 I.￿D l•.•lJJ74 J.70.437 Page 33 St Edmund's Scbool Cgnlerbury Oits to the fill*￿£1&1 st*lero¢D For the ear tllded 31 A st 20ZI The FouDdatK*D Fund is to prnv￿c &choknhi>s tOaS$StiXL UUtaning pup&8 of the &booL or other spttift puq)ose5 & thedonor￿EY duECt. The C24)ai8D fimd 2 was 5ernpdurwg theprK)r yearto rai5t the llex phaseocthe •tadenx hub. The fimd TW•5 ¥etupdunn8 ihe yearkn raoe thds for the re510rat￿￿0f theJcbool¢bapel The Theatre fund was Se￿p10 raise fiJnd$ forthed¢¥ebpnrnt and enhanttwtnt of ihe school theatlt f&cfjity. The Pool i Sport5 Hall fithd VA5 serup dwithg the Year￿ tai$¢ fvDds fi>r 4 pool etsck¥sts￿ and enban¢ed spods Tbe Class Fund 5etupdurn8 ibeyear to T3￿C SJD¢ls for to provide scbolarshos to a5Si5titi timintsinng pupiLs ofthe khooL orothuspecifr purposesas lbed0lloi￿Y dnect. The (¥G fijnd sernpdurrDg tbeyear tordi8¢ fi￿d5 topTr*th blusa￿ io assi%t pup￿ ol¢be kboolsiudyjllgsteukiubftcts. The War Merrorial kboL4rsby Fund is ro be used to provyje icbolarshjps toa55isi in puplls at thc Scbool and sucb oibercbaritabk ptsrposes in ￿la￿tt to tbe Scbool as thr Head nisbt trcotxtrod. Th¢ Fmdo*Menl fijnd in¢on% 15 to be used& ihe d15c￿n of the &JN'emots. in the fifftheixnc< of the tylu¢aiK)nalobiecEives of the School Tbe &eerter-WynD Tmsi FLdowllrnl is to Pffovde edu￿￿0 for 8TfrEd and otherseholp org Ed￿ad'S ScbooL The MKhael Nodderetsdownrni ts to be appkned for tbe belleth ofchfylten of the rD ttb¢ WarMe[W￿l scbotarsb￿ Fund £DiJ I20￿. £uQk paw4 frorn the F￿d0￿mEnt ffi￿d w&% £5250 (IKtr. £52YJI. pa*J Founda￿ Ful￿ was £6ykn 1202Q. £6J TTrDsfets between fvnds tepr¢seot ihe iDterr5t ffee etsdowTr¢ni of {2(r20. £ufll frD IrsritTed fijnds Iwas sti up io abj rh¢ buLTrlfflB of th¢ ncwJunM)r School and is being repaid by £10.tIK) ¢a¢h year. The nIc￿St Frre endoNirtnt ban of £Dfj12020: £￿￿ res￿led fvhds vras setup lo ad the buthlin" f the new School and is ￿paYable 31 a rale of £&(M)) per annutry &>tb knans were appmved by tbe ConThssioo. The bknck (caD¥•ay ftwd) aod ooaa uansfe15 to the geDerni fi￿d nOe¢i the ￿lfill￿1 or the condiTK>ns of donatio￿ forthe8eprnF¢ts Page 34 Si Edmwid'g School C*otrrbDry For the ear ettded 31 A 2021 J6 ts*di-Pd•ri••r Ll&S)r4 g Ilo4•LW5Tr 11 thJ$3 t4J¢i) (&JL*I 51th11 .Pwl, i J* i￿J?j 167.9 IlJ51 15J61 S'J 3JlS 10 0?J <4J061 iiJ.¥n 1&511 15) SJC.13S 115Jl 3Ju 9ts 45 1.150.WS SJSOI .4tL21E •.gV*.IX 9A) ¥iY JIS 15 9_7-1. I.7￿3N4 Is 52,f•>i JWL JL*i (3.•$ L67.415 14¢JSS 1SJ•l) SYJ 3,1 •io 11 171J.441 $17. iJoJJi J5n tJ35•k YJJA47 11 71 4YJJ4 1.150 AJ* *.+J 112JQJ Jodi ¢Ji6mi Page 35 5t Edmumd's ￿￿001 CADterbury Yota to tlit financial ststrments For tbe ear eudtd 31 Au 2021 27 14ei £AsIth fr•rn(Fralio*i-Crfoup 2021 2029 1191.W 374J07 118A>2JI) (2&YII 13951 78 1503.(A171 41Q439 YJ.747 (2&8121 [kp￿¢￿tYjll FaÈrvalue Ooises) I gans ID%'esttrtDt illcollr Inietest ￿etIVed tkcrrase in 3toeb In(￿se in dcbtor5 IooEa8cI{decrt4se) in (Tade aud other¢Jedrtots 123TJ05) 61L92 l¥ti QFerali(w-Sclrf e>4>end*ure (191W) 374J07 11&391) 08.￿1> 13951 (1g).ff24) 54276 (￿3.￿rn 410.439 59.747 128J12) 1541 J Fair %'alue (bssrsllgaiThs Inwtsttrnt incoll lknwe) l In¢￿ase m debiors Inc¥u5t in ttade attd other crediro 4.167 167 28 Rtlxtedprd oup S¢b Mr E iY&JDOOQ Cuttttst Head aDd He*J oftheJUn￿r in tb¢ pmr y¢ar. pl￿j Scbool fees for ib¢ yeat iotsllill8 £6922 (Jm.. £7fjy). Th¢Tr FKfE DQ 8tu)unii ourxtsnditi8 inthe CUEfEnl or yw. Dr E Mar8Eeti. foll￿r Head ol the S¢bool p4*1 Scbool fees for the yeariothllitig £Pta 12U2tr. LIO,741). we]r no#D￿￿llts outswjding in the cutrEuI orpFEI'iOUS year. MT A tk Sdv& CUDEDI Head of the Jun￿r ScbooL pabj kbool fecs for the year iothlling £1￿ thi). Thete oo It￿￿Ots ouistalld]D8 in the currEni orpsEViOU$ ytar. Mr N Scon-Kil¥erL the ￿￿&r. pahl School fees for the ywtotalling £1&761 (3M. £21765). Thar WefE n outsLaiding iu tbe CUErEnt Orp￿¥￿*uS yr4T. t*JrtD8 the year the ctsartt￿ T¢cetved spoDsor5by and adverti¥iD8 menuetot*llkDg £4W (20XF. £465160 8ess Hodgson tIP Mr S &Jtton. &Nernor. 15 a partrsei of tbe 6m Tbe chartt). also tEcei¥ed donation of£NT 1202ts. £IIXQ) Mr S SuttOD.(k>YemoF. Tbett wtre n0all￿uLLS outst8DdiDg iithecunrlll ot pmiotss year. Duiith8 the ycar the ¢bariiy pa&J £W15 {2020.. £3￿} lo Shu￿[ Eko ftraditi8 ahau¢cr College) k e>3AioaLton SeTh.￿e￿ wberc Mr P Todd, &)Nernor is a dllecioroftbe rollyally. Pa8r 36 St Edmund'9 khool CADterbury otts to the lknxttrlal sl*t¢meDts For the >e4r eoded 31 A 2(121 28 Rei¥edprtseJ .CMthiwd Sch the yedrthe charny the fr*lb)wm8 trnllsa¢tM)tt5 wrb ￿ 8ub$xliary sfEDS limed". Sak of ck)thng attd sraiionery to thc S¢botsl hlatsag¢n¢Bt cbarg¢ to srEIx8 L4uit¢d Gftcd PFDfits fFDm STEDS Jinllied 1202fr £69) I2￿>. £&6￿) (202tr. £6.￿3) £6.69) £uii At thebalaftce sheetdate £3.413 (2020." £36J26) w•s OMEd f(DTD sfElS tjnited znd is in¢￿delI wrth debion. F*0 tDieresibas beeneba￿es 00 tbeouL$ts￿dl￿8a0WYDt12(I2tr. a0>. All tsftbe&bove tsallsarl￿uI bal'e beeoe1EJx￿l￿ OD wnsolm1a￿tt. 29 Petsloo •wliiul•r The S¢hoolp*rt¢y¢s th the Teacben. PensKtyn Seherrt Eyigknd and Il'ales ffPSI fi)r ¥rtd staff. *lL*h ¢ w defffld ben¢frt KbeftE. The la￿Sta¢l￿a￿l ¥akn*t￿n of th¢ Trs nlated tythepW￿d ended 31 Mor£b 2016. Cwt[t•￿lb)n1 to £8V54 poy¥bkto the 31 Augusi2fj21I2￿. £93.On) icbJd¢d trtdirots. Tbe khool patsyaits Tr the fe4cbets"Pen$K*o Scbeor flbe fpr) for ts Itacbin£ The PenSK>ryrharge for the>tar conU•Ju￿￿SPttYth￿{0 the TPS of £7611Tr) 12Q21Tr. E745225) and ai the)tsr-end £K758 12020 . £86578> •wued in tsptti ofcofttnl>uÉ*}ns￿thlS *chU￿. The TPS 15 4n unfjJllde41 n￿￿1<1[￿k￿ye¥ defffje4 b¢ryeCd5 pen54la 5¢ber￿ byTbe 2010 las anrndcdl ￿dTheTC￿Ck￿s, Peas¥>n kheat Re￿￿t￿)r￿S 2Q14 la5 ar¢lldcdl. MEnbet5 ¢wthuie ona -pa) as you go- bas# wlllthvthDJ ttrlll)rts Illd the cu4Jk>ycF bEiDg cTrd¢cd io the Fxbequu. Reiitryrni a￿d othcr pens￿nbe￿¢(￿s payj by publr fikod¥prn%thdby ParfMA%￿. Th¢ r￿ph)y￿ contrbuts)kr4ie 6 $eibv iheseoetary of&*e folk)*￿& s¢haTt undertthn bythtQjveTnr￿l Actuary's Ikparnrtnt. The rwi TeLeni •¢tiwial of thc TPS w prepaEEd ￿ al 31 MaErh W16 andthe valu￿￿) PLporL pubtshe4J in Yarch 2019. coDftrrTrd thai iheerry¥byeT contrbuiwn rnie for theTPS woubj lnuc￿e fvDm 16•/• 10 2J 6V• fiDED I Sq>lcztbet 2019 bwk)yets art abo tequThtAI io pay a olOm• 8ivTLg The 31 Ma￿b X116 MepoTL Pry4￿d w accothcewtth thebcD¢fits %￿out in the ￿su&￿nI￿nd Ulldertheappfoxb ipecM in theDu￿¢￿>t1s. al they appjrd ai S Nlarch 2019. HDwrv¢r. the 35$ullpts¥as *tyt tonswJuEd *Dd wby the Ikparth)￿t thr Eduutrtn PTb)r to thending Iry thc 'Mcc￿Ud,S￿¥t2at case.. Thi5 c&4e the oults io Cons￿ere&se$￿g4Iding the ofthc 2015 loPublK SeTrre PensNinJ ti)chMlni8 the Tracbets. Pe0S￿ns. OD 27 June 2019 the supzl￿ Coull dcllxd the govenLnElll penTh5s¥Jn loappcal the Couffl ofAppc41's iudgoroi thai trau51t￿n￿l pM%•wJti5 inttvduced ioth¢ KfoyDxd peDswns¢he¢TKS UJ J)15 gave rse 10 uttJ#*fvl age dacrmDa¢h)n. The Eo¥¢muruL fj tsptcl￿gtht Court s decis￿ll aod b&$ 53¥J u ¢oga8t fjjlly V¥rb the Fx￿knYQmT TJknuDa] as WE15 a% egpkiyer andttrther tEpttsenMriie¥ 108gree ho& thedE¢r0D￿8￿)ll$ Ml be tel￿1*d The 8ovvnrryDi a¢hDoua¢ed Dtt4 February 21fl thal ti wtctbts tOPTDceed woh a deft￿￿ chote underpin underwknKb ￿z￿be¥S wffj bc ablv to choose ctthcr Ic8*c) or refOr￿￿d schenr bcn¢ft5 in fESPWtof Ih¢v JeTh Ke the perK>d l Apnl BJ15 31 MaKh 21B2 thepoinithey be¢ory¢ pByable. The TPS ts subFrtioa cost¢ap [￿h•￿i$M pui m place to prr*txtt•V&>U5 18ainsi uoforcseerycban8esiD s¢trLeÈr costs.The S¢wEt4ry to th¢ TrEasLtry. h&i'io8 tD auoouncedthai thett woukl be a ofEbis tosicap JaDuary J119 allDf>unced apaLLSC io thec051cap nz¢haoBrll foik)Triag the ofAppEai'5 futiug ]D th¢ ccknudlswzeaoi cased1￿ uota thcff is cert4wty aboui the vakne of pettsb)a5 to ¢rpb)y¢es April 1115 onF47rths. The Pause tyrds Idled n Iuty ￿}. 8nda con5uttatx)n wa5 lo￿nChed on ￿ June on p￿p￿¢￿ ¢baThg￿￿ rhe￿I￿on￿oI nrchaTri5rn fi)ftts U5E4 m the 31 Maxrb ￿10 A¢tUaTO] VaknotioD oky bECOUt inapproprijie. ID this SC¢D•M. a prepared io ac£ordattce wttb rn6&J ben¢ffjs•nd Auffabty reysed w)ukl yipkt dtffettni ihan IhDsecoAtained m the Actiwial Lillto theGosLtap ut&anisrn coaykna o 15 aol poJ%hkto Con¢￿de00 auyf0•D¢l￿ or ¢bangesto Ibe ¢ollvbutKTrn Aits of the TPS. no PXDVigY*n tDr ￿Yaddl￿nal p&stbeJeOtptllsKilJ COgtJ 15 iD¢luded in thBse fffianeol st*erreThts. Other Penslon ScbeDK The S2hool oprA￿a de[￿￿j cortbibui*>• peO$￿Tr fvf all quabfyuJ8 erylJTr¢e6. The aSSe￿Or the stbenr are bets i¢p•Dicty fi¥)m thosc oftbe Sthool m all mdcpcttdcoity adD￿&s[C￿￿ fund. CoDtrbutx)ns an￿￿￿tI￿R ro £9.494 N%r¢ pèyabfe ID tbescbcne ￿ 31 AugustJ)21 (2QJt. £92X)l and a¥e iocknded cffditors. The Sckntsol obb%a￿D io the aulotslcrttits Pagc 38