RL'gistLrcd Nv. V3201223 {Ingland and W.qlL.5}
St Edmund's Sehool Canterbuiy
(A company limited by giiai-&ntee)
Annual Report
For the year ended 31 August 2024
Registered Charity Number 1056382

St Cdiniind'5 Scliool Caiiterbury
lioi. tlie J'eai. ended 31 August 2024
Contents
Page
Legal aiid ridniiiiÉblFalive iiiloiiniilion
Directors, aiid GO￿'ernors, fL'porl
Sii'alegie i-cport
5- 12
DiirLlors' I'espoiisibililies iii the preparation of financidl statemeiit5
13
Iiidepeiidellt $Lidilors i-eport
15- 17
C(Insolidated slalenient of financidl activilies
18
Balance slieers
19
C0115(Ilidated stalenient of cash tIoivs
?0
Notes to the finaiicial statetneiits
21-39

St E(liiiund's School Caijterbiiry
Legal and &](Iniinistrative information
rfoi. the )ear ended 31 August 2Q24
ThL Hecld..
Mi E G O'Connoi-, MAICai)lab), MPliil Ioxon), MEd (Cai)Ii¢ b)
Tl)e Head ofilie Jiinioi. Scliool..
Mr R A Conitort BA, MA
Blirsar Complliiy Secretary aiid Clerk
lo IhL Govtrnois..
Mr N C Scott-Kilvert FCCA Iresigiied 31 August ?024)
Addrcss aiid Registered Office..
St EdFniiiid's School Cantei-biiry
St Thotnas Hill, Canterbiiry
Kent
CT2 8HU
Baiiker..
National Westiiiinst¢i' Bank PIC
Caiilerbury City Ceiitre Braiicli
POBo¥306
I l The Parade
CanlLrbLIry
Kent
CTI ?SQ
Auditor..
Croive U.K. LLP
1_8 Fairiiieadoii.
MaidsloiiL
Keiit
ME14 IJP
Iiisuraiice Brokers..
AON Ilisli Seiwic¢s
Soniersel House
47- 49 Londoii Road
Reclliill
SLirrey'
RHI ILU
Marsli Brokers Liinited
Capital House
I-S PerryTnounl Road
Haywards Hcaih
Wesl Sussex
RH16 3SY
Lnvesliiienl Maiiager..
CC.LA
Seiiator Hoiise
85 Qiiee11 Victoi'ia Street
London
EC4V 4ET
Page I

St Eiltniiiid's School C<intei'bury
Directoi's, and Govej-nors, Report
Foi. the yeAr ended 31 Jlugust 2024
Status and administrgtion
St Ediiiund'5 Scl)Dul Ivds loiinded ovei. 250 years ago undLr rhe auspice5 of tlie Clergy Orphan Coipoi'ation lo provide
eduLatiun foi. the sons of deLeilSLd Llergyinen. It has occupied il% present site ovei'looking the City of Canlerbiiry foi. oNer
150 ye3r.%. In 198? the School bec7& me co_educaliollal.
On ?0 MLiy 1996. the Scliool ivas incoiyoi'aled Linder tlie Coinp£lEliCS Act <iS St Edmund's Scbool Canterbllry, a coinpany
litnilcd by gLiar<inECC INiiniber113 )n12?3} ciiid iiol lic1viiig¢ i s11Ilre capital. Tl)e Scliool lias beeii Iiccepted as a Reg151ei'ed
Cliarity (Number 105638? I by tlie Cl)arity Comnii%sioi) and 18 designated as a Scliool liaviiig a religiou.4 character.
The coinpany acqliired i:000 oi'diii<lly sliares of £ l eacli in STEDS Limited (a Ivliolly owiied siibsidiaryl on 5 November
1998. STEDS Limited acts as agent for cenain letting actiiiilies.
Goi'erning dociiments
T11e Lliarily is goveined by ils Ivleinoi'andiiin aiid ArtiLles of Associalion dated 31 Oolubei 2023 Lipdaled from 20 May
1996. Goveniors recently rcvieived Iliese 11nd iipd8ted them iii lllie witli current best practicc aiid legislation.
Governanee Code
The Govemors last reVie￿Ied the Cliai"it)' Coiiiiiiission Goveniance Code at their Strategy Day Meeliiig iii Oclobcr ?020
aiid Febiuilry ?019 which coiiclLided that Iliey follow the core pi'inciples. The Goven)ors commissioiied the Asqociatioi) of
Goveiming Bodies foi. Indepeiident Schools {AGBIS} to iiiidertake a reviemi of uoverniiiice effectiveness. ACJBIS have
Iiiidertakcn over ?00 reviews in the last ?0 years and al'e well placed to provide expert guidanLe on the CUiTeiil piovi.qioii.
The review took place in Jiinuary 20?4 and recommendations were Inade lo iinprove govemaiiLe pi'actice al St. Edinund s.
These are being implenienied by goveiuor5.
Objects
T]ie objccls as sel oiil li) Ilie Meinorandum of Associalioii are to advaiice Ilie education uf cliildreii of deceased
Clergy <?iid 4iibjecl Ihei'LtO lo adi11< lice the educalioii of the public.
Governors
Tlie GovenioiE of the SLhool (Ivho are also the Directors and the nieinbers ol. the Company and Tiustees of the Charityl
who served diiriiig the yeai. Ivere..
Air Marshal C M Nickols CB, CBE, DL, Icanlabl, FRAeS jci)airl
Nqrs J D Billing GGSLVI Ceit. Ed. (Appoinied 31 O¢tobci' 2023}
Dr I￿] R Caircgie MB BS
Di. P D Eiclioni MD
Mr C C Harbridgc FR]CS IAppoiJiLed 31 OLlober ?0?31
Mrs N J LeaiheFbarroiv Bsc IHoi)s}, DMS, MBA. PGCLT (Chaii. F&GP Conitnitteel
Tlie Rewd. Caiioii Di" T J N Naisl7
Canon Di" Q L Roper MA NPQH (Vice Chairl
Nlr S M Slitton BA FCA
Tlie Lord Mayor Cllr P A Todd
Mi. R J Dodgson LLB (Hons)
Goven)ors are elected til Ilie Aiinual General Meeting of the Coiiipany and one tliird of Ilieir iiumber retires aiinually by
rotation. The 8kills iiiatrix and divcrsit5i Ot tlie govcrnors is takeii i¥klo consideration to ei)sure Ihe 8cliool benefits from a
iyidc b<iSC of experieiice aiid backurouiid. The Governiiig Body con51Sts of a maximiim of17 members, one being
iiomiiiated by the Archbishop of CanteTbiiry. The Deali &ind Chapter of Caiiterbury Catlieth'al also noiniiiate one member iii
recoiJnilion of the fact tliai IhL School ediicales tlie Cailiedr2L I Choristers. Ivliere govemors have served tor nine yeiil's 01-
more tlieii. re-election is detenniiied by lot and if the reliritLg govenior is willing lo aci is deemed to have beeii req£ ppoiiiled.
Page 2

St Edjnund's Scliool Caiiterbur}
Dii'ectoi-s, anil Govei-nors. Report
For tlie year ended 31 August 2024
Organis#tion
The Govenioi's detellnine Ilie gcnLI'al policy ot the School. The opei'alioiidl niaiiagernent of Ilie Scliool 1.8 delegateLI to the
Head. the Heail of Ilie Jlinior SLhoc)l. the Head of the Pre-Prep Scliool and the BLirsai-, who conii)i'ise the ExeLulive Group.
Iii seltiiig objectives aiid p[ar￿lI]g aclivilies. Ilie Govenioi'g liave giiien caretul coiisideralion lo Ihe Charily Comniissioi)'s
geiicrLiI (riiidancc on public beiiefit aiid iii parliciilar lo its siii)plementaiy piiblic benefit giiidaiice on advaiieiiiLF ediicatioii
c lid 011 fee-cliarging. Govenioi's Ccin coiifirni tliat tlicy Iiave coinplied witli tlie Cliarities Act 201 I to liavc dLie regard to 11111 t
guidc111ce as ivell ii s Iviih Ilieir dlilieg as Directors, to liavc rcgiG rd to Ilie nialters iii 8eclioii 17211 l of the Conipa]iies Act
?006. Thi% dLIty' is lo act iii good faiili to proinole Ilie success of Il)c School wilijlst h<lVillU re(Fard to..
The conseqLieiices of any decisions iii Ilie loiig leiTri:
The inleresls vf Ihc School's eniployees.
The need to foster the conipaiiy's busiiies5 I'elatioiisliips with its siipplier8, Lllstomers and others..
Tlie iinpacl of'tlie School's 01)eralioiis on tlie coininLinily #nd the enviionment"
Tlie desirability of Ilie coinpany inaintaining a repiiialion for liigh slk)ndards of business conduci;
Tlie iieed to act fairly as belweeIi iiiciiibei'5 Qf Il)e COiiiP<llly.
Goveniors eii.gui'c the abc>vc is complied iviili by liaviiig the folloiving objectives..
CoiitlllLiing to deliver ali oiilstandiii(F all_roiind educatioii foi. all piipil.8:
Respoiidiiig to in8peciioii commeiits so as to fLlrther impi-ove tlie Scl)ool'
Eiiliaiicing and improving Ilie co-lurricular provision foi. pupils,.
Coiitiiiiijli￿ to deliver and fiirtlicr i111pro￿'e r￿st-LIasS pastoral care for PLipiIs:
Maximising pupil niiiiibei's ivhilsl I'ecognising the iinporlallLe ()f appropriately 5Lzed year groups across the
Scliool:
Proiiidiiig conliniiiiitr SilPPOTI of piipils <ili'e1L dy in receipt of fee assistance Ilii'oueli biirS<￿r1eS.
liici-easiiig Ilie pi'ovisioi) of nieaiis-lesled pl£iees, includii)g iviih Ilie suppoi-l of tliird_party Inisls and foiiiidatioiis.
Developing our 'OLltreach' progr£ininie of co-operation ic lid joint working with local state jlinior and secondary
Scliools, especially tlie ii'ork beiiig Lindcrtakeii witli East Kent Scliool% Togethcr {EKST)',
Complying with Ilie Governors contlicts of iiiterest policy aiid all GoN'ernors making a declai'alioii ol. interest at
eaLli fiill Buaid anLf Coinniitlee illcetlLig' aiicl
Making a signiticant contt'ibiition to tlie li fe and well-bellig of oiir IociL I coinmlinity, inclliding through oiir
comEnLinity access and service programmes.
Policy
Tlie School prok ides for Ilie education, ti'aiiiinq aiid i118tniction ot ils piipils, providiiig tliem witli spirittial, moral, meiital
and physical ti'aiiiiiig oli Ilie basis of Cliurcl) ot. Eiigland pi"iiieiples. Tlie ages of t]ie pupils range froni 2 10 19 years.. 2 10 7
iii the Nursery and Pre-Pi'ep School. 7 10 13 ii) 111e JLinior School and I I 10 19 iii the Senior School. The Head, who is a
nieinbci. of HeadniastLfs' diid He£idiDistresse£ Coiifereiicc IHMCI, carries ultimate rtspoiisibility for Ihc whole iiistittition.
Tlie 01)Li'atioiial Inaiiaueinent of the Jiiiiior School is delegated to the Juiiior School Head and the Jiiiiior School eiijoys
IAPS (the Independeiit Association of Preparatory Schools) and CSA {Choir SLliools Associatiun) membership. The Pi'e-
Prep SLhool also has its oivii Head. Tiie combi21atÉon of tlie Schools oli the sanie CiimpLlS pi-ovides an cxcelleiil opportLinity
toi the sliariiig of reso(ii-ces. especi£illy in key cireas bLILh 41b SLienLe, MIisiL. Sporl and Ilie Visual and Creatiiie Arts. The
close proxiniily also enslires tlic eolierence of approacli an(1 ciiliiire for the Inajority of piipils wl)o iiiove froni Ilie St
Ediiiiind's Pre-Pi-ep to the JLinior Seliool, aiid then onto Ilie Seiiior Scliool.
OuJ- ethos: a caring School serving oui. local comTnunity and society
St Edmui)d-s is a charitable compaiiy w'liich Seeks to benefit the PLiblic through the educalioii of children in accordance
Ii'ith its charitable objectives.
We welcomc PiLpils froni all backgrounds, wl)ilsl ensliiing that we are able to educate and develop a prospectivL pupil to
the be.st of tlieir poleiilial and in line with the general standards acliieved by their peers. Entt'ance interviews and
assessinen18 are iinder'taken to ensiire Ih(Il polenlial pupi15 can cope with Ilie pace of learning and benefil fioni Ilie ediicalion
Ive provide. The assessiiieiil process is Iliorouglily objective and lakes iio aecoiiiit of an individlial's ecoiioniic staliis.
geiider. etlinicity, race, i'cligioii, nor las far as possiblc) aiiy disability. If tliei'e are ai)y possible restrictions iii accessing Ilie
Sehool's ediication aiidlor its facilities, Ilien all faclars ivill be lakeii iiito accoiint diiriiig Ilie potential recruitment process
and decisioiis will be made ivitli all stakelioldei'8 ilivolved. Tlie School is constantly revieiving it% Access SiareTncnt aiid
eoi)sidLI's holl, to impiovc the accessibiliti, of the bLlI Idiiius aiid ciirricLiliini thi& t iieed addilioiial support wlieii refiirbishing
exisliiig facilitie5 01. coiisttiictiiig iiew DIie.q.
Wc arL coiiiniilted to safegLiardin(y and promoting the weltare ot"oui' ptipils and expect all staff aiid volunteers io sliare this
Lommitmeiil.
Oiii" fees are set at a levLI iyhicli ensures consisteiicy in the first-cla5s edLication tliat we offer to our piipils whilst prorecting
Il)e tiiiancial viability of Ilie Scliool.

St Edintiiid's Seliool Cantej'bury
DireL'tors' 2nd Ciovernors, Repoi't
ri oi. tlie year ended 31 August 2023
Our etlios: ring School sei-ving our loLal Community and sociel!, {continued)
We embi'aLe equal opi)oitiinity &ind art Loiiiniitted to ivorkinv ¢nvironmenl that is free from any t"oiTr ot disciimination on
Ilie gi-oiinds of cololir, l'ace, ediiiicity, I'eli(Tioii. geiider. sexiial orientation or disabilily. We (lo aiid ¥Yill inake reasoniible
.Idjiislin¢nls lo Iiieel Ilie needs of staff or piipils ivlio Lire or who becomc disabl¢d. Tliis includes adapting workspaces and
comn)Iinal ai'e<iS as well Ils considei'iiig tl)e wellbeing ol- seliool nieiiiber5 to ensiire their emolioniil need5 are also iiiel.
Going coneern
We continiie lo prepare Olif dccoiints. on a going concern basis as we have adapted to the challentses faced thi'oligh tlie
ieceiit Lhaiigc iii ¥oveinJnenr and raxalion legislation the nio.qt sigiiificant bciiig VAT introdiiced lo indcpeiident school fees
om I. Janiidry 20?5. Tlie scliool ha% showii support to pai'ents in sl)aring the bui'deii ot VAT imposed aiid Imple￿enti1]g
cost saving IneasLire5 Iv InitlLsale Iliis inipact. Debpile tlie iiiui'eLise in tlie cost of living dffecling organisalions cind
iiidividuuls Lilike, tlie Scliool reiiiiiins iii a strong linancial position. The Scliool lias beiiefilled from 3 long-lenn fixed
eiiei'gy price deal14 yeai'5 to iinlil Aiigust ?0?41 Ivl)icl) lias pi'otected it froiii thc liiige iiicreases in tIIose cosls llnd a iiew
coiili'i( cl Iia.q iiow. beeii entei'ed into Loveiints lo Aiigust ?0?7. Other expeiiditure has beeli niaiiaged effcelively lo enstsi'e Ilie
Seliool's fiiiaiices, remaiii robLlSt.
Tlie ui'oup has reported an overall de*icit of (£118.4?61 (20?3'. sL￿pIlls £10.5081. The Groiip's iiet ciirrenl (liabilities)
dssets {£?.092.5171 (?0?3'. £159.5071 ai'¢ supi)orled by a stron(T net asset base of L5,183.375 (2023: £5.301.800) and the
ediiLalion ot the piii)ils has rettiined lo more normal Londitions in ihe current academic year. Cash floNv torecasls presented
to Goiiernors cor]finii Ihal tlie School lias sufficienl retained and trading funds lo fiilfil ils slioi'l and lun¥ lerrn finanLial
obliuiations. Tlie Scliool also hlls tl)e support ol its baiikers and Govei'nors Iirc confident Ilial tbe piipil nliinbeis will
coiitiniie lo reiii<lill St<lblL and al'e tlierelore coiiteiil tliilt Ilie School coiiliniics to be a goiii4 colicei￿. Tlie M ichielmcls ?n?4
piipil iiiinibei's siippoi'L tliis witli 640 beiiig Ilie CiliTenl popiilation conipared to 645 for ichaelniAs ?02J.
.luditors
The auditoi., C.I'owe lJ.K. LLI)
Conip£iiiies Act 2006.
vill be proposed toi. Irappoiiitment in aLLordance ivitli section 485 of the
Statement Js to disclosure of infoi-niation to auditors
In so far as tlie dii'ectors are awarL'.
Il)cre is 110 relevani aiidit iiifornialioii of wliicli tlie cliii I'ilcible compaiiy's auditoi. is unawai-e. aiid
the dii'eclois ha￿'t t4Trkei) all steps tliat Ihej. ouglit lo liave taken ro make themselves gtware of aiiy relevant audit
iiilorm&)tion and lo est<iblish that Ihe auditoi" is aivaii of Ihal iiiformation.
By order of the Board
Air Marshal C M NiLkols CB, CBE, DL, MA, FRAeS. Chainnaii
Dale
Page 4

St Ei diniiiid's School Canterbury
Strategie Report
ri tsr the }'eai- en(led 31 Aiigust 2024
Appointinents And Nomination proeediires
Tlie Chair. ViLe-Cha2r lind the E.Kecutive Group coinpi'ise tlie Guveriiors. Noininations Groiip. Per.goiis SLiggcsled as
possible tntmber% ot. tlie Goveniing Body 8iibmit a ciii'i'Et'iiliiiii iiiiac and have a pi'eliminary intei'view with tlie Chair Llndloi-
Vice_chair. tol1i)￿,ed by R Iiieeling iviili Ilie fE211 NoiDi11cl tioiis Group dl wliiLh linie they also ioiir tlie Scliool. Oli Ilie
iecomiiicii(lalioii of tlie Noiniiialioiis GIDiip, noininccs are proposcd to a full Goveinors, Meetiiig for election iiiider Aiticle
}? ol- tlie Mcinuiandum and Articles of Associalioii of Il)c Coiiipany, i.e. Lllltil tlJe iiext AGM of tlic Conip£llly. All new
Goi'cimors arc provided Nvitli £1 'Gnvernnr£ Pack. Ivliich iiiclLides copies of tlie Menioraiidum aiid AFlicle.% of Association,
minLile.q of CJovei'nor Mcetiiius for the precedii)
year, prospectus, slatulory accouiits aiid any addilioii<il iiifoniiatioii
LoiisidLred relev<l1i1 at Ilie tinie. Ali i2)duclioii pi-ograniime is iiiaii{iued by the HR departmeiit aiid includes safegiiardiiig,
EDI, IT systems. fire: l)ealth and .8afety Iraiiiing as well as a toiii. of tlie S¢liool including ¢1 visit to tlie stalt. common rooims.
The HR deparlmeiit aiid Clerk to the Governors also manage the oiigoing Ii'aii)ino reqiiirenients of new ai)d e.iislinE
Goveniors lo eiisiire all stattitory obligalioiis are met as well a5 aiiy knowledge gaps are deali with approi)i-iately. When a
neiv G(Iveiiior's appoii)tnienl is tonnalised al a Governors, Meetiiig, Uiey are appoiiited lo one ot.the siib-coinniillees aiid
.ii'e alloc1£ ted (ln expei'ienced Governor as <1 Iiientor. Tlie Govemiiig Body requires a balance of bi'e&idtli aiid depili of
Cxperieiice in order ro disclio1.ge its dLlti¢s cffcctivcly aiid eiTicienily. Wlicn rccniiliiig new Govenior5, iiiiporlanl allributes
are a passion foi- Ilie work of our Scliool and ali undei'st<indiiig of education as a liolistie aiid rounded expei-ience of per.%oiial
groivih. Tlie Governors considcr that {wherever possible) the 8kills and experience of the Board should include Ilie
followiiig-.
ediicalion (incliiding .8afegiiardingi'
fiiianLe and acLouiitiiig'
laiv (especially charity/propeityleiiiployiTrent);
seiiior niaiiageinent aiidlor biisiiiess,.
cl3I11'tered siiiveyor,.
eqii¢il OPPOthiiiities or disaLiility needs; ai)d
ii)dividuals willi Cliri5liaii priiiLiples.
The kasi majlliitj of Cioveriioi's Iiave niaiiagei'1¢il and biisiiiess experieiice. The Board as a wliole has considerable
cxpei-iciice iior oiily iii ediicatioii aiid fiiiaiicc. but also iii welflll-e.
ArrAnoenient5 for settints pav and remuneration of kev managenient personnel
Th¥ Lcy manauctncnt pci-bonnel of tlie chai'ity. comprise tlie board of Goveii)ors and the Head siipported by a Senior
Leadership Team. whicli includes Ilie 14ead of JLinior Scliool, Head ol Pre-Prep 2nd Ilie Bursar.
Tlie Cliair. Vice-Cli<iir and a Goveiiior Iroin tlie Ediicic tioii and Staffing Coi)iinittee constitllte tlie Remiineralioii Coiiiinillec
Ivhich ÉlPPI-oves Executivc Group goals and appropriate targets {iiidividiial aiid collectivel aiinually. The three Heads and
the Bur.sar.£ubmit theii. paperwork to the Rcmuneration Committee for coiisideratioii, pay rises are awai-ded on the basis of
the Reiniiiieralioii Cominillee's assessme111 of the ii'oi'k and i)rooiEss acliieved, together with appropi'iate beiichmarkiiig
data including sector specific paid for rLsearcli {i.e. Baincs Cuilei. Salary Siii'vcySiAGBIS guidance) and local market
uo)nditions.
Sub-committees
Tlie Governors have estlc bknslied tlie followiiig sub-cominlllees H,Iiich are each governed by teiins of reference wliicli are
I'evieived aniiiially..
Finaace and General Purposes Committee
Revnit:
To oversee the findncial and biisiness operations of the School (including findncial planning and
maiiagenient. bLidgetiiig. aiid debt recoiiery). investments. marketing.qtrategy. interaLlioii with external
auditors ineliiding maiiagenient letters and the biidgel and allocalioii of Testricted fiinds raised.
Development and Estates Committee
Remit:
To oversee Ilie School development plan, biiildiiig sit pi'ojecls, niinor woi'ks progi'aninie. niaiiileiiaiice
l inclLidiiig prioi'ities, plaiis lid implenieiitatioii} and assessnieiil of niajor pi'ojects; to en.qure conipliance
viih all l.Jealtli aiid Safety, Disclbility ACCLSS, Discriminiltion aiid Special Iieeds policies. to moi)itor all
seciiiity. letting, and (kse of iilililies ￿litI)in the School inclLidinu those ol-the 511bsidiary coinpany. STEDS
Ltd.
Page 5

S( Ei clmiind's Scliool Canterbiiry
strategic Report
ri or the year elided 31 Aiigust 20?4
Sub-committccs (continued)
Education #n(1 Staffing ComTnittee
Rejijit:
To Q￿¢7.5ee statFingy Inattei'5, inLILiding pei'soiinel poliLies {Di.qLipline. GricvanLe aiid App17isal
proLediii'es}, staff developtnent and PCFForm.?iice, remiineration of senior staff, educational policies of
Ilie Scliool and Ilieii. imi)acl oli slarriiig- tn stipeiii)leiid Ilie paslor<il and coiiuiiuiiily eiivirDninenl iviiliin
the School ineliiding 11)e monitoring of the Safegiiai'ding of Children and Special Educationiil Needs <111d
Dis£1bility policies.
The HLad aiid tlie Bui'sar attend all nieeliiios of the CoiiimitleLS.
Inspection
As part of the i-ollin
pro(Framme of inspections: St Edmlind's ivas iiispeLled by the Iiidependenl Scliools Iiispeclorate (ISI)
in Imarch 20)J. This included botli a Regulatory Compliance Inspection and an Education1< l Quality Inspection. The
Governors weir delighted Ilial Ilie Scliool not only mel all the reqtiiied coinplianLe slandaFds biit has also been rated as
Excellent in all arcas, spccifically tor piipils, acliieveiiieiils aiid dev¢lopnient.
In the Spii11g or ?0?3. the Headniaslei. notified the Deparlnieiil of Education Ili¢lt Ihc School wished to iiicrease it%
maxiinlini capiicity fiom 650 to 670 piipils diie to the coiilii)Lllll¥ iiicrease iii demand foi. places al Si Ediniiiid'8. The DtE
continmed the increa5c in niaxiiiiLim piipil capacity to 670 on 19 October 20?"
Academic Standards
Tliis year saw a 99 /0 pass rale al A Level (2023: 990/01
59 /0 of A Level gindes ivei'e A* B grades {?023'. 54% }
75°/0 of A Lcvcl gl'ades were A*_C grades l?0?3: 76O/ul
9 Acadeiiiic departmei)LS seoi-ed l OOQ/o Sliccess ciE gaining A*_C grades for their PLLpiIs.
830iy of sttidenls eanied pl£iees at tlieir first choice uiiii.'ersity
EPQ I'esiilts coiitii)Iie lo be sli'ona ii.-ith 55 /0 gainino A* ui. A (2013= 500/01
and 91 /0 A*_C (?023 IOOQ/g).
GCSE Tesult5 ￿'ere again exLellent given the learning disruption during COVID expei'ienced by this yeai. group
The pei'cenl<ige eqiiiv£ilenl of 9-7 grades al GCSE wu5 J70/0 (?0?3.' 36 % )
Tl)e perceiilage eoLIiViileiil of p2sses al Grades 9-5 ut GCSE w&s 75,
?023.. 740/ts)
Tlie percentL1Ee eqiiivalenl of passes at Gradcs 9_4 at GCSE Wit s 900/¢ (?023.' 88'/0)
13 subjects Iiad a l OOO/o pass rnte al 941?0?3'.8}
Co-eurricular Offering
The scliool provides a broad and i'ich ¢o-UUrriLiilar offeriiig with the School's Lore values at its heart. This aim5 to develop
leadership and Lommiinication skills, resilience mental Iiealil) and pliysical well_being. The programme iiicludes=
Coiiipreliei)sive Spori and PE programine
Rcgiil<ir coinpetitive fixttii'es willi otlier schools
ScliolaTS' pi-ogi'&ninics for acadernics, miisic, dratna, art ¢liid spoirts
Friday afieri)001) Skills & ScETr'ices tiiiie
Combiiied Cadet Foi-ee
DLike of Edinbiirgh's Aivard Scheine
Woi"k expei'ieiice tor Yeai. 10 PLipiIs
'The CLlI'iOSlty Shop" liiiichtime leLtiire series
Over 40 weekly co-CUlTiciilar clLibs aeross tlie tl]ree schools (sporling. CLiltiiral and acadeinic)
Ei2St Kent Cliildren's Orcliestr
Miiliiple clioirs. eiiseiiibles, baiids llnd orcl)eslras
Higli quality Di'ania piodllctions
Page 6

St Edmiin(I's School Caiilerbury
Sti'ategic Report
For tlie )'eg1' ended 31 Augiist 2024
Co-curriciilar Offerinl (continued)
Proui-aiynieg for Drama aiid Music Scholars
INTERACT - Cliaiily ELindraisinu Loiiiniitt'ee
Le¢idei'sliip opportunities ii)LILidingi SLlioul CuiinLiI, piylects and Hoiiselspoils tyaplains
Debaliiig Societi,
L5 Oiitdoor Activity Week
Creative Saturday moriiiiig pro¥anime ivliicl) employ5 Outside specialists in areas sucli ts First Aid llnd
Iiiteriialioiial Cuisine
Aiiiiiial Eiiriclinienl Iveek for all pupils in ycars 3 to 8 as well as vai'ious ediicatlolliil trips, day and resideiitial, for
all yLur giDups
Extensive ian¥t olotT_site trips offering IoLal aLademiL enriclimeiit visits lo the local universities on Ilie School's
doorslep lo inteiralional expeditions
In October 2023 tl)e Scliool ivon the iialioiial Pei'fonning Arts Scliool of Ilie Year awdFd
Public. Benefit
Our primaiy purpose is tlie provisioii of educalioiial seivices lo youiig people aged 2 to 19, drawi) fi'om as wide a
cross section of tlie PLiblic as possible for iiihich ive offer somc fee discou]it8. Almost all of the fee discouiils
consi%t ot scholarships and meaiis tcstcd biirsaries.
Olir ediiLatioiial .services. based 01) Anglicaii Cluistian principles. Lonsislently exceed national benchmarks and
incliide a range ot 8Libjects not widely 1< V<1ilable. Oiii. aim is to develop confident and capable young people, with
leadei'ship poteiJli.Il, who can Iiiike a posilive Lonlriblitioii lo society.
Witli tjie fiii<incial assistance of tlie Deiin lind Chaptei- nf Caiitcrbiiry Cailiedral, we ediicclte some Caiilerbury
Catliedrcil Clioi'isters ivlio are drawn from VOCÉilly aiid ii)Lisically able boys from a wide cros5 scclioii of Ilie
coiiimuiiily. TIILir selectioii ai)d edLicatioii at Si Edniiuid s is iiot dependeiit oil Ilie ability of their faiiiilics to pay
Scliool fees. bul on miaiis-te.£ted biii's¢11ies provided by vai.ious cliarilies includiiig Si Edmund's Scliool.
These Chori5tcr5 hai'e proN'idecl 11lllSiCEII OLltI'ec2cI) Ilii"ouuliout the Dioce8e aiid hiive been an iiitegral pait of Il)e
cliordl 8eii.ices Il)at liave been broadcast natioiially and inleniationally.
Tlie Indcpeiideiil SLliool CounLiI Lominis.4ioiied research Lisiiig the O.xfoi'd Econotnics Asses5meiil Tool into the
finanLial imp1Ct of the piibliL beiiefkt tlial indepeiidcnt scliools pioi'ide tn both their local area and the UK'S GDP.
Si Ediiiund's Scl)ool was evalii&?led as coi)IribLiliii¥ £15.6m lo ilie UK GDP and £9.6m lo Ilie Canterbury local
aurliority district last year. Addirionally, we Iiave beetE 17ssesbed as siipi)oitillg i)early 450 jobs i)ationLilly, of ivhicli
Ivell ovei- 300 Kicre in OLir local area. It was also calclilated tlial St Edimiiiid's Scliool saved tlie UK t<l.xpayer £3.111i
iii the last finai)Cl<il year.
The Scliool hds established a nLiniber of muttially beiieficial links with maiiitaiiied Schools in Canlerbiiry, offering
PLipils fi-om divei'se backgroLinds the opportiinity to worl( logeil)cr the context of Gifted ai)d Til lenled exteTh5ion
Ivoi-k, aiid iii joint activiliLS siicli as mLlSiC and maths workshops, aiid to enjoy having high pi'ofilc visitiiig %peaker%
Irom the local Lotnniiinity and beyond.
We liiive been sympailietic toivards the p￿ig1]t ot Ukrainian faniilies with the ongoing iiivasion of their country.
We CillTently pi'ovide 13 Iree places to pupils ii,lio liave tled Iioin Uk]'aiiie across a nLiiiiber of year ￿'ol1p8.
Additioiially, we haiic i'un a niimber ot gadierings foi- displ<iced Ukraiiiiaii f£iiiiilies to niect new people froni Ilie
Caiiterbiiry <irea.
The SLhool establislied the annual St EdinLiiid's School Festival ii) June 2017, Ivhich is opeii to, aiid atteiided by
nieiiibers of tlie local coniniuiiity <liid coiitiiiues to t*roiv iii scale aiid reach.
St. Edmuiid's is an ii)Gredibly active menilier of the East Keiit Scliools Tooether projccl, oiir He<id and Assistant
Head liaving 5peiil the ?0?0121 as Chairpersoiis, a partnership wliicli brinus to(rether I I stale and indepeiidcnl
Scliool% along witli a iiniveisity. Tl)e paitnei'sliip ainis to enhaiiLe the leaching and learning of childi'en lll Ilie
SLhools bv sliaring best pi'¢lLtice. organising teacher meetings and exchaiiges and providing opporftinilies lor piipil
collaboration in creatiwe and acadeiiiic projects.
St. Edinund's was asked by Ilie local aLltliority to help siippoi-l a local state scliool, Arclibisliop's, and Iliere are a
iiiimber of pi'ojects tlial we are Kvorking on willi tliein incliidiiig a CCF partn¢rsl)ip allowing over 35 Arcl)bishop's
pupils to beiiefit fi'om our excelleiice and leadership in thiq area.
Childreii froiii Ll Ivide raiige ot local PFimary 8chools have eiijoyed KS3 experience days ivith lis.
The Pi-c-Pi'ep School orfjaiiised 'Toddler Time, NLirsery activity sessioiis each half lemi for local pre- School
children as w'ell as Saliirday activity niorninls foT 2_7 year olds thToiiuhoiil the yeai..
As pai'r of the Senior School Skills aiid Seivices Pro￿-aMMe every otlier Fi'iday atlernoon. piipils do volunteLY
vork willi local Lharities dnd in local primary SLhools.
Page 7

St £dinund's SLliool Canterbiiry
Strategie Report
Foi. the yeal. ende(131 August 2024
Public Benefit (continued)
We proi'ide opportiiiiilies foi- pupils and teachei's fi'om overseas Schools lincliiding USA, Sweden, FranLe, Pul(ind,
Geni)¢11ly aiid Japan) to .spend tinic al St Ediniincl's. We h￿￿'e a fonnal link with rlie Bilkenl U21iversily in Ank-ara.
TiiikLy IN'iili whiLh ive haN-e Iniitllcilly benefiLiiil edLicalioiial links in tenkns of stiideiit and slaFf l¥ktLlier tt'aininLY
Si EdL)Iiind's iin-diiged foi. exteriial speakers lo pi'e%enl ali divg aw,Ireiiess, E_salety, Geiider Idenlily and Future
Carcers inviting i'epresenlalives from Ioc£l1 Scliools - boili Inainlained and iiidcpendent - to allend.
St Edmiind's were ag4lin pait of ali Al't Coll<1boratioii Project, bringiiig pupils togyeiher oiiline across IoLal scliools.
St Edimiiiid's 111115 the Ea.%t Keiit Cliildreii's Orcliesti'a. Nii.q w'as formed for childreii under tlie age of I I froni aiiy
Scliool, who play clloiigside oiir owii Juiiioi. School pupil.%. This has allom'ed development of the School's ovei'811
orclieslral piovision, and we also niii a Si. EdTnuiid's Symphony Orchestra opeii to commiiiiity players. Thi5 is an
ensemblL for advaiiced player.4 in the commiinily. up to the aire of eigliteen. A Cl)oial Society open to all local
adLilts, running fur oiler 20 years ciilminates in an arniual perfoi'mance in Canlei'biiry C¢1thedr<ll.
Tht iirea Diike of EdiiibLlr￿ AwJrd's evening ivas hosted in Ihe School's Ihe¢itt'e in 2023 M*itli PLipi15 froin several
loclll scliools in allendance.
St Ediniind's cncoiir£iged Ioccll scl)ools lo have access to OLir Menu of Opportunity (online learnillg uknigazincl
ii'ecklv IliroLigl)oul Ilie lockdown.
Tlirouoli liiiks ivitli tlie Englisl) Cl)ambcr Orcliestr£l. the East Keiil Childreii's Orchestra provides tlie basis for
Ci'eative Connectioiis, a 5chenie which lalces profes.%ional niusicians into prirnaiy Scliools iii tlie area.
Olir Mtisic School lacililies are opeii to local aiid nalioiial oi.gaiii.salions (Slich cls Ilie CaiiterbLlly Youth Choir) as a
centi'e for pcrfoniiing IL rts and as a I'esoliice foi. teacliing and public perf017nance.
We offer ivork e.xperieiice opiiortiinilies for local youiio adLEIIs diid are Lil￿entlY siippoi'ling a college studeiit witli
their Early Childhood LOllI'se by spending tiine in the Niii-seiy and Pre Prep sLhools.
The Scliool niiis a IiLiiiiber of Opel) DLlVS throiiglioiil Ilie year welcoining Ilie local coiThnuiiity lo con)e aiid see
wliii I Si Edniund's Scliool hLiS to offer,
Oiii. Di'ama depai'tnienl PLII on & nuinbbr of PLrtornianees open to niembei's ot the public, performed by nieiiibers
of all thi'ee Sclioolg Miiih a special niatinee pei-foi-niaiice for over ?50 primaiy school pupils.
FuLir %eiiioi niembers of tlie Scliool are Goveniors in local siaie schools aiid niaiiy other slsjff members voliiiiteer
¥-itli local and liÉi tional cliariiies.
We provide extensii'e additi()nal publiL beiiefi15, foi- example..
Indoor spoi'ts facililieb. tennis LOLlI'ts, tootball pilLli#s ai) all weatliei. pilLh - all uscd by nLinieroLiS local sports
(TroLIPb Ilt only a noininal cliarge. The Scliool spoiisors a nuLllber of local grass roots sports cliibs Iielpiiig tliem to
purchase tnuLli needed eqiiipiiient and sports kil.
Fiindraising.. iii 20?3-?4. Ihroiigli cliarit2L ble activities by oui. pupils 2nd staff, doiiated £9,655 {2023.. £11,748) for
local aiid Iialioiial C<luses. A Rotary tNTF]L4cf Cliib run by seiiior pupils coordinates all tlie Seiiior School's
charitable fiindraisiiig, eomiiiiinity service and iiitei"iiatioiial giving.
The Jiiiiior School, iii conjiiiiction witli the Uiiiversity ol'Kenl. operates a Maths master class loi- childreii fi'om
local Primary Scliools on Satiii-day moniings and it.q staff have been instninienlal in setting lip aiid ninning an Inter
Priniary SLliool fvlailis cotnpelition. Led by the Royal Instittition. Iliis is riill in conjiii)clion ivith Si EdTnund"s and
tlie Univei'sity of Kent.
Facilities are made available Ioi. VlL ri011s organisalioi)s including Kent Fire Brigade and Ilie NHS with Kenl Fire
Bi-ig£ide niiv)iiig a praclice fire simiilation on site duriiig the year.
Facilities aiTailable foi. Kent Coiiiily Coiincil li'aiiiing courses al'e i"egiilÉirly utilised.
Tlie School taLilitie.q were used lo host the E<lSt Keiit Woiiieii"s Iiistittite's Centciiary Garden Party in ?0?? witli
over 300 meinber5 iii attend?( nce.
Use ot Theah-e aiid Recital Hall for a number of ortraiiisations iiicliidiiitr Cantei'bury Festival, CanterbLlry Choi'al
Society YoLiih Choir ai)d cal.it￿ Chamber Clioir
Calltei'biiry Art Prize Si Edniiind's Scliool introdiiLed this p172e iii 2021 whieh opens lip OPPOMinilies foi. local
Kent scliools lo parlicipate, win awards and eertifiLation ivhilst also hailing the opporlLinily to exliibil in Si
Edtniinds aiid at the Lilford galleries, Canlerbiiry. Spoiisored by The Caiiterbury Auction Galleries.
Ait maslerclasses offered to EKST parliicrship scliools during Saturday sessions (Introduced in 20211
Page 8

St bdintind's Scliool C&2lltei"bury
StrategiL Report
i Di. tlie i'e14 r eniled 31 August 2024
Financial Performance
Tlie i"eLent consideiable inLrease iii the cost of living has had ali iinpaLt on orgiqllisLltions and individuals alike in the last
Loiiple ol'yedri, bLlt the S¥hool hJb benefilled froiii sti'ong Lost Lolltrol measures inLILidino a long terin fr￿Ld eiiergy deal {4
years to Aii&Jusl 2024110 lielp iiiiti(TIL te soine of the eflect oil Ilie Scliool's fiiiii)ces. The School's maiiageii)eiil conliiiiies to
¢ diiiinister Ilie tinaiices effectively ai)d willi piipil niiinbers inLrcasiii&F to r¥cord levels ilic fiittii'e coiiliniies to be positive for
St Edmuiid's. Tlie Scliool's Goveiiiors al-e miiidful of the pi'essiii"e5 Qn pai-eiits dui'ing IhesL difficult financi21 periods and
coiitiiiue lo ivoi-k witli tliose f£iniilies Ilial are stfLiggling lo ensure Iliey are able to fulfil tlieir comniitmenls to the School in
a niciiia8eable NN'ay.
The School i'eceived gross fees of £16.915,503 12023.. £14,7?4,0881. IliroLigh a combination of iiicreased pupil nLimbers and
aniiiial fee rises, out ol. Ivl)icli Scliolarships. BLirsaries and other allowances totalling £3.475.06112023'. £3.195.1731 were
Inade, Ic2( viiig nel fee incoiiie of £13,440,4411?O? J.. £11,528,915). A combinalioii of fiiiancial pressiires on fainilies aiid
the compelitii'e nature of tlie local school market lias 8een £ln iiici'eose in Ilie remissions awarded lo eligible families beyond
iiiitial expectatioiis. Tlii.% is expected to steady over the iiext year. Oiliei income iiicludes Ihal froin tlie School's trading
subsidiiry. which has Continiied to operate at pre pandemic levels, with total other inconie bein(F £574.6111?023..
£581,509) giving a lot(Il income for the yeai. of £14,015,05J l?023.. £17 110,4?41. Incliided iii other inconic i8 a Testricled
donation of £61.5341?023'. £?50,000). Thc School's e.xpenditure, incliiding Tradintr Siibsidiary, lias increased at loiver
level¥ thi¢ n uiidei'lying infl&ltion aiid was £14.2?1.872 (202J.' £12,OEi,671 } resiiliing in a consolidated deficit of (£118,4?61.
{?0?3-. suiyliis £1 O,iOS} after otlier I'ecognised gdins and losses. Capital expendiknre amounted lo £3,725,973 120?3-.
£393.0701. Tlie Groiip's iiet ciirrenl (Liabililiesl l assets {£2.092,5171 (2023: £159.507} are siippoi'ted by a strongy iiet asset
base 01 £5.183,375 (?0*3.. £5,301,800).
Tlie Ivholly ovined subsidi.iry STEDS Limited pi-incipal activity of the conipaiiy coiitinued to act t¢S iiueiit foi" Si Edniund's
Scliool ii) re.gpecl of cei-taiii lelliiius acliiAilies. Tl)e profits lor IIiL year L39,4?8 (?0?",
£1 J3,7i31 are distt-ibiited iiilo tlie
schuol parent CDmpL?l)y linder gift aid and net assets are £34 ?00 (?0?3.. £34.?00).
Ke}. Performance Indicators
Govetnois iise Ilie Énfoiinalioii conlaiiied ui the tsble beloiv to review perfomianLe against key performaiice indicaloi's.
202312024
650
7022120?3
639
202 112072
591
20201?021
201912020
570
2018n019
572
Aver?d ge .No. of Pupils
Tot#1 Siaff cost5
perce TrÉdige of Gross Fees
Teaching Staff CDS ts
pe reentii
c of Gross Fecs
MeaEa5 TestedBursarie5
e ofGross Fee5
559
j7.0I0/.
56.40Tr/4
55.91V.
58.7P/
6? 97/
56.05'/0
43.94'/
4? 7y/o
44.36/0
50.87/
45.040/D
erce
4.58/
5.?0%
4.79Y
4.441
3.47D/o
For academic perfoniiaiice please i'efei. lo acadeniic slaiidards resiilts eai-lier iii Ilic report.

St Idmiind's Scliool Canterbiiry
Strategic Reporl.
ror the Jear ended 31 August 2024
Energy And Carbon Repoi'tino
Tlie Scliool lias conimeiiced I'ecoi'ding it5 energy u.sage and embarkcd on an aiiibitious plan lo Itduce it8 carbon foolpriiit lo
net zei'o by 2030. li has Lominissioiied an enei'gy LonsiilidnLy lu help with iliis pi-oject and is in the eai'l). stages of a55essiiig
the exisliiig inti'8btniLttire before developino pliins for the I'ei)laceinenl and Lipginding of tlie School's facilities.
Tlie first Pcirt of tliis projecl is to Lindersland oiii. ciirreni sel lip Lind tlie table beloiv deiiioiistrales tlie differing fuel types and
Ilieir ilsagc for tlie Iclst h410 ye11 rs. Ai this slGigc very liinited nieasures li1< ve been put iii place lo rediiee Il)e Lisage levels,
.?IIlioLigli all of Ilie School's liqhtlllE Iiiis beeii clianged to LED, coiisidei-ably reduciiig the elecliicity ge.
We al'e a150 iniiesling tiine ii)to the educ¢ltioii of slaff and piipils lo ensure the enei'gy we do iise is iised wisely. This
iiicILides regiilar reniindei's lo turn elLCtI-i¢al iteiiis and lighib off w'lieii not being LTrscd. the redLiced iise of additional heate
iii spaces and sensible Lise of the opeiiiiig aiid closing of ivindows and doors. These initiative.g are beiiig led by the Carbon
Coiincil, Studeiit i'oice body, Ivhich is also ivorLing on improved i'ecvcling aLIo85 the enlii-e sile.
Fuel Ty
Usage
2022123
Usage
2021122
2023124
Electiicity
s - Main5
896,294 kwh
1,496,599 kwh
1? 764 lilrLS
907,330 Lwh
l.J28,2?J kwh
15,670 lilres
67,100 litres
20,-f?O hire5
58? i&lres
899,377 Icwh
1,578,017 klvh
17,306 iilres
Ckis - Pi"opane
14tÉltllig Oil
Veliicle Fuel- Diesel
65,991 lilres
19,678 lilres
691 litrcs
65,571 litre5
18.08J lilres
759 litres
Vehicle Fii¢l - Petrol
2023124
20?2123
202112?
KG Co2
KG Co2
KG Co2
Electiicily
s - Maiiis
412.295
417,372
730,i?3
8.619
413,713
867.909
9,518
49,17
823,129
GI5 - Pi'oi)1L ne
Healing Oil
Vehicle Fuel- Diesel
49,493
14,7)9
518
15,390
Vehicle Fuel- Petrol
569
TOTAL KG Co2
IJ07,215
6)8
1,222,664
639
1.354,451
Average Nllm￿r of
Airrage KGCo2 per pupil
571
1,987
1,913
2,372
Page 10

St Ldmiiiid's Scliool Ci¢ ntcrburj.
Strkltegic Report
Strategic Report
lor the year ended 31 August 2024
Burs4iry aild Scholarship Policies
Biirsary <ind s¢liolai"sliip aw£irds are vil<il in ensLiring that children fFOin families wlio ivoiild oilieiivise iiot be able lo afford
tlie tees C¢lll hclv'e acLe%s lo the ediic81ioii we offer. We do iiot have a lai.ge endowffient and in funding our aw&ilTls we need
to ei)sure a b¢?laiice between fee-payiiiu pai'eiils Iniai)y of ivlioiii Inake considei'able personal sacrilices to fund tlieir Lliild's
ediicalioii), Giiid Iliose bei)efiling fiDin the awaiyls.
Our bui'8ary aivard8 21-e available lo all who meet oiir genei'al eiilry reqiiii-cnieiits and are made solely oil tlie basiq of
parental means or to relieve liardship ivhere a piipil's ediici£ tion ¢ind ￿tUre prospects would otherwise be al ris1(, for
examplc iii the case of redund£lllCy. The awards ciirrenily rai)gc fiom 5 % lo IOOO/n of fees. Si EdinLiiid's provides for sorne
100 /, biti%ai-ics ivliere it has betn determincd that a place at St EdmLind-'s WOLild benefit a cliild's educational andlor
pastoral ivelFare. St. Edmiind's siipported l 6 piipils {202J.' ? l ) with l 00 /0 bLirsai'ies ii) the year. We also offer discoiinls to
Inembers of the Aniied Foi'ues, other eivil setvaiits in I'eceipt ot'CEA (or eqiiivkilcnl) and lo staff nieinbers W'ho choose to
ediiiate Ilieii- Lliildren <lt our Scliool. All bLif5aiy aivards are subjeLI to financial needs absessnient. In line with OLir objects.
ve also offer siipport lo orphans of clergy faiiiilies.
Our scholarships ale awarded oli the bic sis of Ilie individii£il's ediicational aiid exti.2curriciil&r merit or potenti21, siibjeet to
any coiiditioii iniposed tor pai'ticular awards by Ille orlgiiial doiior.
Acknoivledgement
The Govemor.8 are unaniimous in cxpre8sing tlieir appreciation to the Executive GIOLIP and all the members of tlie Teacliin
aiid BL15iness SeiviLes staff of St Edmuiid's foi- their continued support diid iiiistinting contributions to the SilLeess ot'the
School.
Investment Policv and Poivers
Tlie Scliool's investnienr poivcrs are goi'eincd by tlie MeiiioraiidLllli of Association, which perinits iinrestr2cted fiinds to be
invested in aiiy seciiiily 01- iiivestments aiid pi'operty, a5 Ilit GovenioE'S feel appropriate to the Scliool's needs. Tlie
Goveniors, aim is lo niaii)laiI) the I'eal value of invcstmeiit capital, with bciiefits pruvided to pupils coniing fiom the income
generatLd by invesimeiirs. The tartrel aniiLial inp'eslmLlIt rLttiiii is inflalioii plus )'/0 based on disc115sions Nvlth Ilie i'elevaiit
inve.stment Iioiisc <iiid Goveimor5 ￿￿'hen deleiinining Ilie level ol Fislc tor the School 8 inveslTnents. Tile a¢￿&1 return
reported is 4.75 10 1202)- 4.75 % j wliicli is beloiii the laTgeted level ot. rettii-ii likely diie to an overall glob1& l economic
doivnturn and unusLialls' higli intlation level8.
Investment Porrfolio Pcrfortngnce
Tl)e Governing Body reviews Ilie performaiice of tlie ii)veslmeiit poi'tfolio each quartei. agaiiisi the iiiovement iii the FTSE
100 iiidex aiid 5iiiiilar poi'ttolios aiid sccks explaiialions whei'e necessary fi'om Ilic School's investment nianagers. C.CLA.
Governors are pleased with the perfonnance aiid reporting by CCLA lakiiig into account the cballengiiio perlod for
li1￿.es1nielits w'ith the many extenial factors iiifluencing outconies iiicliiding abnorinally high global inflalioii aiid ilikresl
rates.
Reserves Policy
The Scliool's Policy is to inainlain working capital siifficienl lo ensure that shoit-lenn risks can be covered adequately in
len11s of easli floiv and aini to add io reserves a iiiiniiniiin SLirplus 01£ l 00,000 each year end. The reserves policy is
revielved on cl re￿lIar basis by tl)e Governors. Tlie niost likcly risks are ali iiiiforecasl rediictLOll 111 piipil numbers. a
sioiiifiL¢ll)I iepair I'cqiiii-en)eiil in Ilie Scliool's iiifrasiructtii'e oi. exlenially iniposed lax or pensioiis clianges. While tlie Board
lias r¢eo(Fiiised tl)at its long-tenn aspsratioii for grcaler I'eservcs is dirricult lo acliieve th'lien Fixed Assets are excluded, il
has agi'eed that, al preseiil, aiiy 5uIFluses ovei. the miiiimlim siirpliis will bc spciil on ￿rther iniproviiig the facilities of the
Scliool for CLirreiit aiid fiilLire ueiieralion5 of pupils. The Scliool has ali anibitious development pllln of new buildings and
refiirbislinieiils when fiinds becomc aijailable.
In line with many other schools in tlie independenl seLtor and across numeroLlS Other sectors. the COVID_19 pandeinic had
a signiFicanl eftecl on Il)e Seliool's liiiancial perfoniiance in receni years. Tliis resulted in Ilie School's Reserves Policy lo
incirase reservcs by a minitnuni of £IOO,000 being temporarily siispended to support the education of oiir pupils. Despite
tlie oiigoing cl)allLiiges affectiiig tlie independenl sector and Ilie broadei ecoiiomy the Goveniors are coiitenl to re-eslablish
tliis aini in the 51)01'l teiTh ivith tlie ambitioii nf taking advantagc of tlie coiititiiied iiicre1c se iii pupil numbers lo retun)
Re.qerve.q lo rlieii- pi'e COVID-19 levels as %ooii ab possible. They liave .iel il118 a5 a n)edium term goal and niay adjLlSt theii.
t2L i-get of £1 00,000 per aniium iii ￿tllre years.
The total reseives are L5,183.i751?0?3". £5.301,800) £1.116,087 attribiitable to unresti-icted fiinds {?023.. £1.393.932}
£? 718,120 atti'ibiitable to restrict¢d funds {2023.. £2.665.309) and £1,349.168 attribiitable to endowed fLinds (20?3..
£1,242,558)
Pagell

St Ldiniiiid's SLliool Caiitei'biir>
Str42tegic Report
or the yejr ended 31 Au&iiist 2024
Proi'ision of Services to the Charity
Tlie Goveillors are mindFLII tliat professioi)al aiid other services provided to the School shoiild be stibjeLt to regLilai i'eview
to ensLirL Il)at they are appropriLlte to the School's needb, delivered lo the highest possible standi¢ i-d and provide good valiie
or nioiiey.
Disabilit). and Equal Opportiinities Policy
The Scliool'8 policji is to give full aiid filil. coiisideratioii to disal)led per.lons Iipplying for employment. liaviiig regard lo
tlieii. particular aptitudLS abilities. Likewise, consideratioii ivill be gi￿en to the coiitiiiuing employment and apprnpriclte
tl'1¢ Illjl]t) of perqoiis who bccome disabled. The School's policy is lo provide eqiial opportuiiities lo all staff 011 the basis of
objeCti￿"C criteria and persoiial tnei'it. Tlie Goven)ors have appi'oved a School Accessibility Plaii foi. the disabled.
SiteDei'elopments and Future Plan5
Tlie Scliool is plaiiiiing to conliiiiie operdlingJ in line Kvith ils curreiit objects, Ivhich are rLviewed and assessed annLittlly by
tlie Board of Govemors. Tlie Scliool aiins lo ftirthei- iiicrease its provisioii of free { I OOO/o biiisary} places as
fiiiidiiiglendoiviii¢iits allow, as well as ils wider piiblic benefit activities, Tlie Governors havc reviewed tli¢ Estate
Developmei)I Plai) &?1 Ilicir reeeiil Strategy Day aiid plaii to improve tlie academic, pastoral, boarding ajid sportiiig provisioii
for pupils over Ilie next decade. This will iiicliide iiivesting iii siistaiiiable and renewable lechiiologies. Phase l of this plaii
vas a neiv te¢?ching block coiisisliiiu OF 8 classrooms wliich wt¢S completed iii Splliig 2018. The 2. Phase of new leaching
clasirooms for thc Senior School were completed iii September 20?4 jii time tor the neiv academic yeai.. These not only
provide inodein stale-oE-Ihe-att teaLhiiig classrooms 2nd a new School Reception, but have also fi-eed lip considerable
SP<lLe el%eivhci'e across the School to erthance private stiidy, Ivelfare and co-ciirrictilar facilities. The School has secured
plai￿1n￿ petinission to iniprove tlie spoi.ling facilities willi Ilie peniianent covering of the oiiidoor siviniming pool and
expc211SiOli of ilie Sports Hi<11. Tl)e refiirbislinient prograinine across Il)e Juiiior scliool lias coiitiiiued diiring tlie year. The
Sclio)ol li<iS also received pl£2niiintr pei-ii)ission tor tlie constnictioii of a spoits, pavilion xiid tlie re-siting of tlie Canterbiiry
Squasli Club onto Ilie Jackman Field.
We liave adc1pred lo the ch?¥ Ileiiges faced througli tlie reeeiit chaiiae ili goveriinieiil and taxatlQi1 legislatioii the most
sionitieclnt beiiig VA T Iiittoduced to iiidependeiit school fees from l.qt Jaiiiiary ?0?5. Tile school has shown support to
parents in shariiiq the biirden of V A T imposed and impleineiiting Lost sailing measLireg to mitioale this impaL
Fundr2isin(y Policy
Tlie scliool is registered witli die Fundraising Regulaloi. con]mittiiig to follomi Ilie Code of Fundraisintr Practice and tlie
FLindrLiisin¥ Pi'oiiiise. The school's £lPPI'oacli to fiindraising is iiitei'iially Inanaged and ensures tliat recognised slaiidards are
iiplield and tlie scl)ool did iiol iiiidcitake aiiy dii'ecl fiindi'aisiiig dliriiig IliL year (20?3- Nil). The school does iiot use any
fund raisii?g ageiicies. Aiiy eomplaii)ts received, none diiriiig the year {?0?3- Nil) are deali witli proiiiptly.
Page l?

St Edmund's SLhool Cantei'bury
Strat¢EiL Report
For the Trear ended 31 August 2024
Risk. ￿l￿ni￿gement
The Governois aLknoivled&ie IlieiF E'esponsibility to Lonsider tlie I'isks laced by Iht SLhool and to en.%iire that adeqLiate
Lonliols al-e in pliL Le lo idelltily. &issebs diid mitigate ugainst s11¢1i 1'1sk5. -fhi'ougli tlie i'isk m£llliib3ement processes establislied
by Il)e Sclioul, Ilie Govei-iiors are saiislied tliat ilie iiiajor risks l)k2ve beeli idenlilied aiid Iiiiligi£ led wliere necessary, g1)d tliiil
Ilie .8yste1115 1¢ lid pioceduTes l)Tr( lie been pill in plclce to pmvide reasoiiable assiinnce tliat Iiiajor risks liavc been adeqiiately
Ill<inaged.
Thc Goveimors aiid Executive Gi'oup liave ideiilified tlie followiiig key areas of risk aiid1i2ve taken appropriate aclioii, as
far ab POS8iblr £iiid pi'actical, to piorecl the orgaiiisatioii fi-oni an). poleiilial adverse exposures that COLild arise. Sicps have
thei'efore been talceii to ensiii'e Ilial we liiive tlie capacity to..
Kei, Are11
We liave cidapled lo the elilllleiiges faccd rhroligh tlie
reLei)I cliaiige iii governinenl nd taxalioii legis11& lioii tl)e
most sigiiitlC£lllt beiiig VA T ii)Ii'oduced to iiidepeiideiit
school fees froni I sl JailLiary 2025.
Action tllkeR
Tlie school lias sliown support lo parents in sharing Ilic
biirdcn of V A T iiiiposed aiid iirplenienliiig cost saving
Ineasures to mitigate Iliis inipact.
Various fiittire scenarios developed aiid possible
miligalions modelled lo ensiire tlie Scliool is best placed lo
deal with any adverse impact.
Meei Ilie deiiiand for piipil places.
Tlie CurricLiliioi Plau is reviewed anniially diiring the
bild￿et11]g p1￿ceSS aiid is Lised tl) eiisiii'e sl<gffing and
resoiirecs E1re adeqii£1te for tlie expeLted piipil ni1[nbe￿.
Application n)ade to DfE for iiicreased pupil iiiimbei's.
Ilcci-liit aiid retain 8Lifficienl levels of skillLLI sldry:
Robiist i'e¢rLiitmeiit processeq maiia(red by the HR
Mana(Fei' aii(l investmeiit in CPD. Excellent beneFIts
package introdiiced for all staff.
Pi'ovide aiid niainlain adeqiiate pl)ySlLal resoiirces and
Rolliiig maintenance and Eslales Developinent plans.
Arcliitecl appoiiiled to develop 10 year Estates
Deiielo
nient Pli< n.
Tai"geted Goveimor i'cciuitment and ti'ainiiig.
Pi'oipide adeqiiJle leTr'els of goireniaiice and operalioii£il
LOI)U"oI,.
Pi'ei'ei)t eveiits tliat COLLld daniage the School"s repiitation.
Reglilai ttaiiiing of staff, stroiig PLipiI educatioii aiid PR
.strate
UK GDPR compliant with no breaclies neediniT i'eportino
to thr Inforn]ation Cominissioners Office. Constant
inveslmeiil iii IT i-esoLIILes as well as regular external
lestiiig of sysleins including phishing emails and
Provide ddeqLiale IT systeni.8 and ensliie tlie protection and
seLUrity of LonfidentlÉil inforn)ation:
ransoniwai'e siinulations.
Pi'ovide adeqiiale conti'ols to eiisure tlie safetruai-diiig aiid
Ivelfare of piipil8.
Well traiiied designated staff and i-obusl systems iii place.
SategLiardiRg aiid pupil welfare rated EAcellenl iii recent
ISI iiispectioii.
Tlie Str<?tcgic re
orlw
s approved by Ilie board on
signed on tlieir behalf by..
Air Marslial C M Nickols CB, CBE. DL, MA. FRAeS, Chaii.
Pa(Fe 13

St E(linun(I's School C'anterbury
Dii'eLtors' rL'sponsibilities in tlie preparation of financial statements
'<Trr tlie )'eAI' ended 31 August 2024
Statement of Dir￿CtOrS, Responsibilities
Tl)e tnisteei {wlio IL i-e iil%o direLlors OF Si EdmLind's SLliool Ciinlei'l)Iiry for the purpoqeq of coiiipany law) ill'e I'ebponsible
for prepai'ing tlie TrLlStees' Report l iiicorporailiigy Ilie strategic repoi'l and dii'eclors, reporl) ai)d Ilie flliancial statemeiils iii
accoi'di£ lice kviili ?( ppIIci< ble l¢iW aiid Uiiited Kiiigdoiii Accoiiiiling Standards, incllidiiig Fiii£lllCl<Trl Reporting SIiL ndard l O?:
Tlie fiiiic IICl<Trl Repoi-lin¥ Standard ai)pli¢oble iii ihe UK2 (nd Repiiblic of. li'cland Iuiiited Kiiigdom Generally Aecepled
Accouiitiiig Pi'actice).
Conipaiiy laiv I'equires the trlislees to preptsre fiiiaiiciic I staten)eiits for eacli fiiiaiicial yeai. wliicl3 giN'c a true and fiiir view of
tlie qlate of aftaii's ot tliL cliai'ilable conipaiiy aiid Ilie grDIip diid of the incoine and expenditure, of tlie charitable group for
Ilidt period. In preparing these tinancial statemenis. the ti-ustees al'e required to..
select suilable acLoiiiiliiig policies and tlieii apply them LOllSiStenily;
obserwe Ilie metliods aiid principles in Ilie Cliarities SORP;
niake jiidgnieiits and <lCCOUllting esliinales that are reasoiiable and pruddit-
slate wheiliei. applicable UK Accounting Siaiidards Iiave been followed, slibjecl to any material depa￿l-eS
disclosed ai)d explained iii the financial slatenienls, and
prei)ure Ilie financial stateineiits on the going concern basis unless il is inapproprigL le lo piesunie Ilial Il)e cliarilaLile
Lompliiy will coiiliniie in bLlSlI)ess.
Tlie triistees al'e i'espoiisible foi niii inlaiiiing piopcr ¢lccounlillg reeoi-ds wliich disclose ivitli reasonable acciir<1Cy al any time
the tiiiaiicial po%'ilioii ot the chiiiilable compaiiy ai)d eiiable Ilieiii lo ciisiire tlial tlie fiiiaiicial statenieiils Loiiiply witli Ihe
Coiiipaiiie5 Act ?006. Thev ale also I'esponsible for %afetsii<ll'ding the dssels of thc cliarit<lblc compaiiy ¢1nd Ihc groiip aiid
lieiicc tor Illkints reasonable steps tor the pi'eveniioii 1¢ nd detectioii of traiid aiid other liTe￿ilaritIes.
Iii so tai. as tlie trL15tees are aware..
tliere ig no relevant aiidil infomialion ol wliicli Ilie eharilable coiiipany's auditoiE al'e unaware; and
tlie trustee5 have takeii iÉ11 $￿p9 Iliat they ouglit to li&ve t8keii to make themselves aware of any relevaiit aiidil
iiiformatioi) aiid to estclblisli that tlie aiiditoi's al'e aware of that infomiatioii.
The trustees al'e respoiisible lor the inainlen&ice aiid integrity ol the corporate and financial infomalioii included on the
Lliaritable Loiiipany's website. Legislaliun iii the United Kingdoin goveining tlie preparatioii and dissemination of finaiiLial
sl&ltements differ trom legi.8liltion in othei. jiirisdiLtions.
Page 14

St Edn)iind's SLhool C&lllterbury
Independent au<litoi s report to the members of St. Ci dmund's School Cantei-bury
roi. the }ear ended 31 Augiist 2024
Opiiiion
Nlle hTrL ve audited the finaiicial %knlement.q of St. EdiiiLind's School Caiitei'biiiy {the 'parent cliai'itable coinpany, } and ils
SLibsidiai'y (Ihc '￿￿[1)lip, I f()I' tlie yeilr ended 31 Aiigust 2024 which LOTnpri.8e the Coii.%olidated Statemeiit of Financial
ALtiN'ities linclLiding the Incoine ii nd ExpenditLlI'¢ Accoiint), the Groiip aiid Scl)ool Balaiice Sheet5, tlie GroLlP and School
Casli Flow Si￿￿[en]elits Iiiid iiotes to Ilie finaiicial slalenienls, iiicluding sigiiificaiil accoliiiling policies. Tlie financial
rcpoi'ting Ftaiiiew'ork tliL?t1115 beeii applied in Ilieir pi-eparatloll IS £ipplicablL laiv and United Kingdoin Aecoiiiiliiig
Standai'ds, ii)cliiding FRS I O? "'Tl)e Fiiiaiicial RLpuilin¥ SiaiidiÉ rd applicable iii the UK aiid Repiiblic of Ii'eliind" l Ui)ited
Kiiigdoni Geiierally Accepted Aecouiiting Practice).
In oiir opinion the financial statemelits:
give a Iiiie diid fair view of Ilie state uf Ilie ui-oiip's 2nd tlie parent chaiit£ible coinpany's affairs as at 31 AUul￿1 2024 an(1 of
the gi-oiip's inLomin(T resoiirces and (ipplicalioii of i'eqoLlI-ces. includiiig ils income and expeiiditLlI'e. for the year then ended..
h21 ve been propeFly pi'epared in accordance with United Kingdom Generally Accepted Accoiinting Pi'aLlice- and
l]aiie been prep£ll'ed in aLLoidanLe iviih die requirenienls of the Coinpaiiies Act 2006.
Basis for opinion
Wc coiiducted nur audit iii accordaiice willi Tntei'nalioiial Stcliidards oil Aiidiliiig (UK} {ISAs (UK)) and applicable law. Oiir
respoiisibilities under tliose slai)dard5 are fiirthei. described iii the Auditor's respoiisibililies for the audit of the finaiicial
slateimeiils section of oiii. iepoit. We are independeiil of the groiip and parent charitable coiiipaiiy iii accordiiii¢e willi the
ethical iequireinenls that al'e re1c￿'all1 to oiii- aiidit ot.the tIllLincial stalemeiits in the UK, includiiig the FRC'S Ethical
Stdndard and we have fiilfilled our other eil)ical responsibilities in aceordanLe with these requiremeiits. We believe that the
iidit cvÉdence ive h1¢ ve obtained is sufficicnl and appioprimte to pi'ovide a basi5 For oiir opinion.
Conclusions relating to (Joing concern
In c211ditiiig tlic fiiiaii¢i.Il stttemeiits. we liave concluded Iliat tlie trustees. Iise of the going conceri) basis of accountin(T jli
tlie pi'epai'l< lion of the fiiiancial statemciits is appropiiate.
Based on tlie Miorl( we liai'e pei'foi-med, we hLive not idciitified aiiy mLltei'ial iincertainties relatiiio to eveiils or coiiditioiis
Iliat. individLially 01 colleLlively. I11<2y cast siqiiificant dL)iibt on tlie &iioiip'8 oi. parent cliai'itdble comi)any's ability lo
continiie as a goiiitr Loiicern toi. a period ot 81 least tt4yelve Inonths fi'om ivhen Ilie financial stateineiils al-e aLlthorised for
issue.
Olir I'cspoiisibililiei ¢g1)d tlie responsibilities of Ilie ti'uslees iviil) respect to goin￿ concern are desci-ibed in ilie relevaiit
sectioiis of Lliis repoi-l.
Other informgtion
Tlie oiliei. infoi'matioii conipi'ises the infornialioii iiiclLided iii the Directors and Governors, Report <ind the Strateuic Report
oihei- Ihaii the finaiiciEI stateiiieiils aiid our aiidilor's report thcreoii. The trLislees are responsible loi. the other iiiformatioi)
Lonlained ivithin the DireLlois' and Govemors Report. Oiii- opinion on the fiiianLial statements does iiot cover tlie other
infoiThalioii and, except to the extent othei'ivise explicitly stated in Olir i'eport, we do iiot express aiiy foTm of assuraiiLe
conLliision thereon.
Oiir r¢sponsibility is to read Ilie otlier iiiforniatioii Ond. in doing so. coiisidei. wlicilier tlie otlicr inforniation is nintei"ittlly
iiicoiisisleiil willi the finanLial slatenients or OLir knowledge obtaiiied iii tlie course of Ilie audit or ollierwise appears to b¢
niaterially Triisslated. If we ideiitity sucli material inciiii8i.qtencies or apparent niaterial MI￿Statenlel]ts, ￿'e are requircd to
delenniiie whether thi8 gives rise lo a material rnisstalemeiil in the financial slatenienls theniselvcs. If, based on the work
we have perfoiThed, we coiicliide that there is a niaterial misslalement of this other iiifomialioii, we al'e reqiiired lo i'eport
tliat fact.
We liave nothing lo report iii this regard.
Page 15

Sl li dmund's School C24 nterbur),
Indepen(lenl auditor's repot't to the members of St. £1 dmund's School Canterbuiy
Foi- the )'ear ended 31 August 2024
Opinions on other mutters prescribed by the Companies Act 2006
Iii oui- ()pinion, b¢ised on tlie woi'k undeitaken iii the COLirse OF the audit..
tlie intormation given in Ilie Direclor.%' Ilnd Goveimors. Repoit 2£ nd tlie Str¢lteoic Report pi'epared for tlie Plirposes
of cLiinpaiiy laiv. foi. Ilie l inaL)Clli l yeic i. for ￿'1]Ich tl)e firi£2llCi£il sLaleLneiils are prepai'ed is coiisistenl will) Ilie
fiii<incial slLileinenls' aiid
tlie Directors, Aiid Governors. Report and the Sti-ategic Repoi-l have been prepared in accordance with applicable
legal requii'enieiils.
Matter5 on ivhich we are required to report by exceptio
Iii IhL light of ihL kiiowlcdge and Lindei'staiiding ol'ilie groiip and Il)e pareiil charitable cotnpany and theii- envii'onmeiit
obtained in the Loiii'se of Ilie audit, we have not ideiilified material niissialemenls in tlie Directoi's aiid Governors, Report
,Ind tlie Str¢ltegiL Report.
We liave notiiiiig to report in respect of Ilie follow'ing matters wliere Ilie Companies Act 2006 req￿lre us lo report to yoii if,
in oiir opinioii..
adeqiiate IlCCOUlltiiig i-ecords liave not beeii kept,. or
the parent cliaritable compaiiy financial slateinents are nnl in agiEemeiit willi the accoiiiiting i'ecords and returns;
or
Lertaui disclosul'es of triistee8' remiineralioii specitied by law al'e iiot Inade; or
we liave not received all the intormalion and explan¢ltions we require for otir aiidit.
Responsibilities of trustees
As explttined Iiioi"e ftilly in tlie St42lcineiit of Tnistees" responsibilities sei out LTrll P4?gf 13. tlic trustees (who are also tlie
dirLcloi's ol. the cliaritable compaiiy foi. Ilie Pliiyoses of coi)IPLiny laivl (Il'e respoiisible lor Ilie pi-eparatioii of tlie fiiiaiicial
Sl¥ltemeiits aiid for bLiiig saiisfied Ih&t Iliev (Fl￿e ci IIiiL 2< nd filil. vieiv, ai)d for siicli iiitci'nal cniilrol as tlie Iruslees delerinine
is i)e¢essaiy io eiidble ilie preparcilioii ot finaiicial statemeiits Ihal ai'c fl'ee from mclterial Inisslalemeiit. whetliei. due to fi'alid
i)i- errol-.
In preparing tlie tinancial stateinents, the trustees are responsible for assessing the groLlP'S aiid parent charitable compaiiy's
abilily lo Lonliniie as a going LonLeiii, disclosin¥, as Llpplicable. mallers itlaled to going conceni and iising the ¥oing
coiiceni b&qSlS ol accounting iiiiless tlie liustees eiilier inlend to Iiqu2dale Ilie group oi. pai'eiil cliarilable coiiipany or lo cease
operalioiis, oi" Iiave no realislie altcrnalivc bill io do so.
Auditoi-'s respoiisibilities for the audit of tlie finaiici81 statements
Oiii objcctivcs arL to obtain reasonable assiii'ai)ce dboiil Nvheiher the fiii<incial 8talemenl8 as a whole al-e free fi'om material
TnisslatLmenl, Ivhether dLie lo fi'aiid or eiTor, and lo issiie an aiidilor's repoit that incliides oiir opiiiioii. Reasoiiable
&%.8iiraiice 18 a higli levcl of assul'allce. biit is not a gLiaiantee that aF] k)Lidit condiicted in aLLurddnLe ivith ISAS IUK) will
always detect a material tllisslatement ivhen il exists. Misstatements can arise from fraiid oi- eri-or aiid al-e considei-ed
Inalerial if. indiiiidiially or Ilie 1£ ggregale. Iliey could reasoiiably be e,xpeLled lo inflLience the economic decisions of iisei's
taken on Ilie basis ofthese financial slaleineiils.
Details of Ilie extent to ivliicl) Ilie audit ivas coiisidei-ed capable of detecliiig irregularilies, incliidiiig fraud <iiid non-
Cotnplianee witli laws aiid regulatioiis are sei OLlt beloiv. A further description of our irsponsibililies for the audil of the
fiiicillciÉil 5t£lteillents is located on tlie Fiiianci%il Reportiiig Couiicil'8 website al.. Ivww.Frc.org.uklauditorsresponsibilitie5.
This descriptioii fornis part of oiir auditor'8 repoit.
Paue 16

8t Ediniind's School Caiiterbury
Indepen(lent lluditoi s repoi't to the members of St. Edmund's School Canterbury
Fur the )'ear ended 31 AuEUSt 2024
Auditor's responsibilities I'or the Aiidit of the financial 5t8tements (continiTed)
Exleiit to ivhicli the audit ivas considered capable of detccting iri-vgu1471-ities, including fi-aud
IITegLIILirilies. iiiclLidinu fi'aud, air instaiiLes ol. non-Loinplilc llLe willi lauis aiid I'Lgulations. We identified and as4es%ed the
risks of inaterial niisslaleiiienl ot Il)e linLiiicial slaleiiiLnls Iroin iriegiilcirilies, ￿,hell]er dLie lo fi'1L ud or error, and discii.gsed
Iliese bcliveLI) our audit leain Iiiembei-s. We tlieii desigiied ic nd perfoi-nied Lidil procedures responsive lo those I'isks,
incliidiiig obiaiiiittg aiidil evideiice sufficieiit aiid appi'opriale lo provide 11 basis for oiii. opiiiioii.
We obiaii)ed ali uiiderstaiidiiig ofihe legal and reoiilatoiy fi'anieworks ivithiii whicli the Charitable coinpany Iiiid groiip
opci"alcs. focusiiio on those laws and regiilatioiis tliai li<fiVL' d dii'ect effect oil the detemiiiialioi) of iiialerial amoiinls ?¢ nd
di5closiii-es iii the financial qtateineiits. Tlie law's aiid I'eglilatiuns ive coiisidei'ed in tlii5 context ivere the Companies Act
?006. laxalion le¥islaliuii. togeilier willi the Cliarilies sor(P (FRS 102). We assessed Ihe reqiiii'ed coiiiplianLe with these
laws and regulijtioiis as Pcirt of oiir alidit procediii'es on the related financial statement Ite￿$.
Iii Éiddilioii, Ive considered pi'ovisioiis of oiliei- laws and regilations that do i?ol have a direct effect oli tlie financial
slateincnts biit ¢oii]pIi￿lnQc witl) which Tnight be fiindameiital to tlie cliarilablc conip£iny's [and Ilie groiip's] ability lo
operate or to £2void a maierial pcn21ty. We al.qo coiisidered tlie oppoitunitie.s and inceiitives that niay exist iviiliin the
c17ai'itable conipany and Ihc tsi'oup for fraud. The Iciws and retrulation.% we considered in tliis context for the UK operations
Ivere Tlie Ediicalioii (Indepeiideiit Scliool Siaiidards) Rcgiilalioiis 2014 171)d the UK Gciiei'al Data Pioleclion Regulati011
(UK GDPRI.
Aiiditing slandards liinit the reqiiiiEd iiudir procediires to identify non-complianLe iviili the4e laii's lind regiilations lo
enqiiiry of Ilie "fTllSlees and otlier iiianageiiienl aiid inspeLlion of regulalory and legal correspondence, if any.
We idLnlified tlie ￿reatest risk of Inalerial impact oil Ihe finaiici¢il slatemciils Froni irregLilarilies, iiicliiding fr<iud, lo be
wiEliin tlie oven'ide of coiilrols by 1111L iiageiiient_ Oiii. l< iidit procediiFeS lo respond to ilieq¢ risks incliided enqiiiri¢s ot
nidiiagTenieiii Jiid Ilie Fiii<iiice & General Pliiposes Conimiltee about Ilieii. own idenlificlllioii and assessilleiil of Ilie I'isks of
ii'i-eoiil£l1-ities, saiiiple tesl2n¥ oli Ilie postiiio of joiirii£i15, reviewiiig 4iccoiiiIEiiig estiniate.% for bi<ise4, reviewiiig [C￿lIatOry
COITcspoiidence H'iEh Il)e Cli¢iril! C'.oimmissioJi, Iiidci)endeiit Schoo15 IIisi3ectorate. Ofsted aiid reading mii)utes of IMeetiIi&Js
of Iliose chai'gLd ividi goiJei'iianLe.
Oiving7 to the iiihei-enl limita110115 af an audit. Iliere is an unavuidable risk that we may iiot have detected soille material
Inisslalemenis in Ilit tinancial stalemenls, even tIioLigh we liiive pi'operly plk)niied and pertornied oiir audil in accordance
viili aiidiiing siaiidaE'ds. For exaini)le. tlie furtliei- removed iion-coiiipliaiicc wilh laivs Lind rcgulat10135 liri-cgularilies) is
li-oin tlie eveiils aiid transactions retlecled in the financi<il slaleineiils, tlie less likely Ilie inlierenily limited pi'ocediires
reqiiired by auditing standard5 would ideiili fy it. In additioii. as ¥viili any aiidit. thei'e i'cmaiiied a liigher I'isk ot lion-
detection of ii'regularilies, a5 tliese mlL V ii)volve colliisioii, for¥ery. iiiteiitional omissions, niisi'epresentatioiis, or the
oveiTidc of inlei'iial controls. We are iiol respoiihible for pi-eveiitiiig noii-conipliance and caiinot be expected to detecl noii-
compliance with all laivs aiid irgulatioiis.
Use of our report
This report is made solely lo the charilablt coinpany's iiieinbers. as a body, in accordance WiElI Cliapler 3 of Parl 16 ot" Ilie
Coinpaiiies Ael 2006. Our audit work lias been iindertaken so Iliat we niiglil state to Ll)e chariliible coiiipany's nieinbers
tliosc InÉitteis we are reqLllI'ed lo sl2( le to Iheni in an iL iiditoi s report <ind foi. no otliei. piiipose. To the fullest extent pennilted
by lil Iv, we do iiot accept or assume i-¢spoiisibilitv to Éinyone otlier Iliaii tlie cliarilable company and Ilie cliarilable
conipaiiy's members as a body, foi. our audit ivork, for thi.s i'eport, or for the opinions ive liave foi'med.
ArfHEW HOWARD (Senior StalLilory ALiditor)
For and on belialf of CROWE UK LLP, Statiilory Aiiditor
Medway Bridge Hoiise
I-S Faimieadow
M¢iid.qtoiie
Keiit
ME14 IJP
Date
Page 17

St Ldniiind's Scliool nterburj.
Consolidate(l st.gtement of fin<inLial octivities
{IneliidinE income and expenditure llccounl)
or the year ended .1 l Aiigust 2024
Note
Unrtsliicted
Restricted
Idoived
21124
IIicoTne froim..
Doiialions diid legacies
65,735
61534
127,269
?80,310
Cha￿L￿bIt aclivilies
13,440,442
11.528.915
Otlier tndingT jiicome
344.i93
373.274
)vestn￿ntS
36,446
37,6?4
74.U7U
13,887,016
37.6?4
J 4.015,055
12,116.984
E4)Liidiliire on..
Rais ijig tiinds
6,494
57,011
49,04S
Charilllble aclivitiies
14.148.369
14,148,369
1? 034.L)3
Total
14, IEA,863
57,011
14.221 J74
1?,083,671
jii ilLoss1 oil n)vesttnenls
15
19.408
68.985
88,393
122.8051
Nel ￿￿￿el]Ell( fuiids
77,8471
106,608
118,425}
10.508
Balance at I Septen*>er
1,393,933
? 66).308
1 ?42,559
5,301.800
5.291 ?9?
Balaiiee ai 31 Auuu5t
?4
1,116,087
2,718,1?0
l J49,168
5,183,375
5,iOI,800
Paoe 18

St Ei (Iniiiiid's School C"anterbiiry
B'iljnce Sheets
.45 at 31 Aiigiist 2024
Companv no. 0.1201223
Group
2024
School
2024
2023
202.3
Fixed asset5
Tan¥ible fi.Y£d Llsset.5
14
9.169,009
5.910.?9n
9.169,009
5,910.?91
Ii)vcSti￿a7lS
Iiivesti￿1it iii siibsidiary
15
16
,170.338
1,081,946
1.170 J38
5.000
1,081,946
5,OOG
10,339J47
6,992.?36
10,344,347
6.997.236
Current a5set5
Debtor.
Cas11 and dLposils
C1& iiwaigii depos Ils
17
1,256,54 1
2,377p95
38,968
1,255 J38
1,440,064
1.389,96A
,320,197
2,269.98A
38.968
l ? j3.067
1,436,42?
1,389,964
3.673,104
4,085,366
3,629,148
4,079.453
Creditors: An￿lintS fallu?g diie ivitl)iJi
one ycar
18
(5,619,654)
(3.9?5,8601 (S.609.8981
(3.954,1471
et current Jssets k (liabilities}
11.946.549}
l i9,507
(I lJ%Q,7*01
175,306
Total gsstts less currcnt liabilities
8J92.798
7.151,743
8,363,597
7,122,543
Creditors: AA￿Ul1t8 falliiitt dLie aflei.
J)re thin one year
19
13 ?09,423)
(1,849.943) {3,209.4?3)
(1.849,943)
Net d?S5ets
5 183J7%
5.301,800
5,154,174
j27?.599
Reser￿&
Uiirestricted fiEnd5
??
1,116,087
2,718,120
1.349.168
1.393,93?
? 6(15,309
1.242.i58
1.086.889
2,718,120
1,349.165
1.364,73?
?,665,31
.242,558
Rcstricted fiiiids
2?
Fndowed ftinds
5,183.375
5.301.800
4,1 S4,174
5,?7?,599
A separale StatenEiit o fFinaiicial Aclivities, or Incon￿ aiid ewenditure aLCOLlllt. for tlie charit}, itself is iiot
pregenied because Ilie clicirity lia5 takeii advaiitag¢ of tlie excnTrtions afforded by section408 of the Cotw211ies
?OOb. Net (Thiigoing) l inconiiiig resouires of tl)e charily for Ihe year ivere (£118.425'1 120?J.. £10,508).
The fllianei
on.
'taienEnls on pages 18 to 40 were approved and authorised for ￿8[le by the board of governo
and ivere signcd on its behalfby..
Mi iif5h<il C M Nickols CB, CB£ DL, N4A, FIL4eS
Page 19

Sl Ei dmiin(I's SLliool CaDtei'biiry
Ct)nsiilidAteil statement of cash floiys
For tlie .year ended 31 August 2024
Note
2024
2023
Cash infloiv from operating activities:
Net cash providLd by opeialiiig iL ¢livilies
Ii)iiesliirnt inLon
Intei'e.81 reLeived
?6
1.896,445
37,6?4
36,446
1,970,S15
870,574
31.751
44.459
946,784
Cash inflow froRn inTrEs ting actiigties:
Piircliase ok'tungible li.Ked assets
Net cash fj'om in%t5ting Activities
{3.725,9731
(3,725,973)
11.079.866)
{1,079.866)
Cash floM5 from financin(F actiiities:
Repayni¢nl olbonDiiiings
Net inLrease l {deLredse} in boJTowings
Net cash from finAncing 2ctiNYties
(158.IM)6)
1,500,OIX)
lJ41,994
(155,9)71
{155,907)
Net {decrease) l increase in cash and cash equiwlents
(413,465)
{288,988)
Casli aiid cas h eqiiivaleiits broiight tonvai'd
2.830,n?R
3,119,016
Cas h and cash ewivJlents cai'ried forivard
2.416.563
2,830,028
Relating to:
Lasli aiid deposits
Campaigii deposits
2,J77.595
38,968
1,440.064
1,389,964
Cash held with investmeiit mgnauer
2,416.563
2,830,028
Anal>sis of ch4ngTos in net (kbt
At
15tSeptemtrkr 10?3
Casb Iltsms
Cush flo1￿ 315t August 2(124
Cdsli
Loans fallik)gT diic ii'itliin orie yeDr
Loa115 falliiig duL attLrrnrL' Ilitin one year
7,830,028
1223.n941
.849.9431
756,991
1413.4(181
??i.094
11,565,089)
11.755.4*9
),416.463
1351,5731
3.063.459
{9Y8,4681
{351.5731
351.573

St E(Imund's SLliuol Canterbury
Notes to the financial statemeiits
For tlie yeyi- ended 31 Augiist 2024
I Priiicipal accountin¥ policies
Legal 5t4ltus
Tlie cliÉirily is private coinpany liiniled by £uaranlee, iiicoipor8led iii England <iiid Wales wiih its registered o*Tice &?ddress
beiiig, St Edniiind's School Cilllterbiiiy, Si Tlioiiias Hill, C<?Iilerbury, Kent, CT? 8HU. hi die eveiil of the charity being
WOLind ui), Ilie liability in respect of Ilie g112( rantee is limited to £ I per votiiig niember of tlie cl)arity.
The chaiity's objeLlives and ain)s are disclosed in the Directors. aiid Goveriiors. aiid Strategic Report.
Accounting Convention
These finai)cial Statements have been prepaied iii accordanLe with FRS 10? "The FinanLial Reporliiig Standard applicable
in the U'K an(1 RepubliL of Ireland" Ilie reqLiircmcnts of the C'omp1¢ nies Act ?006 and under tlie histoi-iLal cost convention,
modified to ineliide certain Fiiiaiicial insmiineiits ai fair value. Tlie Financial slateineiits liave also beeii prepared iii
c c¢ordance ii'itli Ilie 1¢ ccoiinliiig policies set oiit in Inore delail below. lo coinply witli Ilie cliarity's governing dociimenl and
Tlie Cl)arities Act 201 l and Accoiintiiig and Reporliiig by Cli<irilies.' Sialenienl of Recomineiided Practice applicable lo
charitie5 pi'ep1< riiig their acLoiiiits iii accoi-dance iviili The Fiiiancial Reporliiio Standcll'd applicable in tlie UIC ¢ind Repiiblic
of Ireland (the FRS 102 Charities SORP 20191.
The linancial slatetnents ore presented in slerliiig. which is the fLinction1< I currency of the cliaritable compaiiy. Monelaiy
aiiioiints ii) these finanLial statenienls are roiiiided to the neai'esl £ l.
Tlie cliarity constitutes a piiblic benefit entity as defined by FRS102,
Gofftng concern
Tlie Governoi"È Iiliie prepared fiiianci&l1 iiifoi'matioii. covei"ii)g a pei'iod of at leaqt l ? n)oiiilis from die datL of approval of
these accouiilq, and 011 the basis of tlial infuniiatioii, tlie support of Ilie baiik aiid other stakeholders., the Govenioi's
nlicip¢11L that IhL Charity iN'ill coiilinLie lo liaiie siifficient Itsoiii'ces to tneet its fiii<iiicial liabilities as they fall clLie. The
linaiicial information. wliich is iipdated on a Tetsiilai. basis, includes detailed biidgels and cashflow torecasts.
Key L25SLimptions Lised in the forecasting Inodel inLliide piipil niimber predictions infonned by curreiit prospeLtive
pupils t0￿ether witli pupil reLniitinenl Irends previoiisly acliieved using several yeai's, worili of data.
We have (idapted lo tlie ehalleiiqes faced Iliroiigh the receiit change in govemiiieiit and laialioii leojsli1tioi) Ilie most
signiticaiit being V AT introduced to ii)depeiid£nt 5cliool fees fiom I st January ?025. Tlie scliool lias sliown suppoit to
parciits iii sharing the burdeii of VAT imposed aiid iniplemeiitiiig cost gaiijiig measures to miligale this impaci. Despite tlie
iiicreLlse iii the cost of living <iffectii)g oi'ganisalions Lind iiidividlials alike, tlie School remains in a strong financial position.
The School lias benetitted ti'oin a long-term ti.xed enei-u
¥y pi'ice deal {4 yeLl1'S to iintil ALigust ?0241 Ivliicli has pi'otected il
from Ilie hLige increases iii those costs and a neiv conlr<lCt has Iioiv been enlercd iiilo covering to ALigLlSt 2027. Othei.
expenditure has been nian<1ged effeLtively to ensure tlie Scliool's fiiiances remain robust.
Tlie batth is tlie niaiii stakeliolder iii tenns of Finaiicial support. other key stakeliolders ale pi'iinarily grant niiking
orgaiiisatioiis tliat siipport soine piipilg, fees, the largest of wliicli is tlie Deali and Cliapter of Canterbuiy CatliedrAI tliat
provide financial support for 25 Canterbury Clioi'isters ediicaled 81 St Edmuiid's School.
The School also has the siipport of its banker8 aiid Govemors are coiifident thai the PLipiI numbers will contiiiiie lo improve
iii the coinin(r yeais as they have doiie so for tlie year ended J l AiigLlSt 2024 and are therefore contciit that the Scliool
conlinLies to be a goiiig concern. The Michaelmas ?074 PLipiI numbers support this with 653 being the cl￿rent popiilalion
compared to 645 for Micliaeliiicls ?0?3. The accounts have theretoi'e beeii prepai'ed on the going conLern basis.
Consolidthted fin#nci4I15tlltenieDts
Tlie cliL1rity lic25 consolidated tlie resiilts of ils trading subsidiary. STEDS Limited. (company number 0361186?) in
accordai)ce iviili Ilie 2015 Statemei)t OF Recommeiided Practice.. A¢coiintii)g and Repoitiiig by Cliarilies aiid the Conipaiiies
Act 2006.
Restricted funds
The restricted ftinds rel£lte to donatioiis received for specific PLirposes as set out in note 24.
Endoivfflent fund5
Eiidoivinent flinds relate to ainolinls given lo Ilie Scliool foi. specific purpose5 as sel out in note 24.
Page?1

Sl Ediniind's School Lanterbiiry
Note5 to the financial statements
For the )'eai' ended 31 Augiist 2024
Donations and legacies
Doi)cl1iuns a21d legacies are recogiiised uiider iiicomL in the Statemeiil of Financial Activities wheii the receipt of tliem is
probable, Laii be iiie£2SLired reliably an(1 entiilemenl li"aiisfeiTed lo tlie SLhool.
Fees
All ii)conie is recognised when tlie chai'ity ljas eiititleftieiil to tlie fuiids, the i'eceipl is probable aiid tlie amouiil ellii be
measurcd reliably.
Fees consist of cliai'gcs for the School year eliding Aiigu.st, less biirsaFiLS, scliolai'ships aiid oihei- discouiits or allowaiices.
Ancillary and non-ancilltsry trnding income
Ancillary ti7ding ii)c(Iiiie represeiits aiDouiils troiii activities to oeiierale fiinds within the charitable objectives, for exainple
registratioii fees aiid Iiiusic fees. Non-aiicillary tradiiig inconic rcpresents aniounls froni activitics Iiot directly related to Ilie
cliarilable activities, for ex2mple lettings ot. school facilities out of term lime and rental from spare scliool buildiiigs.
Iiicoine froni these activities is recogiiised in the SOFA wheii the ooods are sold or services provided.
Expendliure
E.xpeiiditiiE'e is alloLllted to eApeiise Iieadings either on a direct cost basis, or apportioned according lo lime spent. The
irrecoverable elenient of I'A T is inellided with the item of expense to which il i-elates.
Teaching costs
Siipplies of g£inies equipment. books. statioi)eiy* ¢ind siindry tnatci'ials al-e wrillen off to the Scliool general fund wheii tlie
expeiiditure is iiicurred.
Governance Costs
Goveinance costs coimprise Ihe costs of complying ivith conblilutional and stattitory requireinenls and any otliei- costs of
runniiig the Lharity as a legal enlily.
Pension schemes
Retii'eiiieiit bencfils to cmployees of tlie cliariry are provided by tlie Teachets, Pension Scheme I'l'PS'} wliieli is a Iiiiilii-
enipluycr dcfined benefit schcine.
The TPS is an iiiiftinded schen)e and conli'iblilions aiE calculated so as lo spread the cost of pengions over eiT)ployees'
workiiiLTr liveq with tliL charity in SLich a way Iliat the peiisioii cost is a substantially level pei'eeiitage of cun'ent and fiittire
peiisioiiilble payroll. Thc contributions iTrl'e delemiined by Ilie Government Acluaiy un the basis ot quadreiiiiial valiiLilions
IISlllQ Él piojecled uiiil meiliod. The TPS is a miilii-employei. scheme bill Iliei'e is in5Utlicienl ILltom]ation avail¢2ble to use
defined benefit uccoiinting. The TPS is thei'efore trealcd as a defined conlribiilion sclieine toi. accoLinling pil￿OSe$ and the
cuiili.ibiilions ale reLognised ui Ilie pei'iod lo wliicli Ihey relate. Diffei'eiices beliveen conli'ibutions payable in the year and
coiili'iblltions acttially paid are sliown as eithei. otlier creditors or debtoi's.
The conipaiiy operates a group Persoi)al Peiision Plan {defiiied conlribulion) for all oilier employees. The asseL£ of the plan
are held sepill'alely from tliose of the coinpaiiy. For eniployees ivlio joined tlie sclieme prior lo ? I, March ?014 the
eiiiployee n)¢1kes 1¢ mii)iniuiM 3 /D Colltribiition aiid the compllny makes a niinirniim coiitribLilion of i %. For employees who
joine(I the scheme at-ler lo ? I, March ?014 the employee tnakes a minimiini 40/0 contribution and the cornpany inake8 a
minimiim contribution of 40/0. The annual contribLltioiis payable are Lharged to the income and expenditure accoiint.
Tlie SLliuol is Tneetiiig its obligatioii lo tlje auto-eTmlinent of pensioiis for staff. Tlie siipport staff contribiile to a Detined
ConlTibLilioii Policy witli Roy<il Londoii.
Unrethlised gainsllosses
Uiirealised gai11511osses coniprise the diffeieiice between the market value of investments at tlie beginning of the year aiid
the market ￿.￿luc of iiivesiments al the end of the year.
Pagc 22

St Ldniund's School C¢interbury
Notes to the financ¥il statem£nts
For tlie year ended 31 August 2024
Tangible fixed a55et5
Tanttible fixed assets are initially measured at cost. aiid 8iib.8eqiicntly nieilsiired al cost, net of deprecialioii aiid any
in)pairnient 105ses. Assets below the valLlC of £5UO arg nol re¥arded ivorthy of Lapitiilisation and air ￿'rItte1] off to the
Siateinenl ot Financi¢11 Activities in the yeai. ot PLifLhase.
DeprecialiDn i.s providLd oil all l<iiigible Fixed <issets iii iise, otlier Ilian freehold12c lid at r£iles calculated to wrile-off tlie cost
less estiniclted residlial Viilue of eacli asset ovei. its expLCted usefiil life oli a straiglil-liiie bii sis as follows..
Biiildiiigs
BLiildin¥ Improvements
riirnittire and eqiiipmeiit
Moloi. vehiLles
Assets tiiidei" LonsiruLlion
Behveeii 10 and 50 years
Behveeii 3 &sid 9 years
Beliveeii 4 and 7 year.4
Betsveen 3 and 4 year.4
Not depreciated until brought into Lise
Ini'estments
Listed investnieiits arc staled I iiiaikel valiie by reference lo Ilieii. bid valiie &?t tlie bal4liice slieet dale. The Statement of
Fiiiaiici81 Activilics ii)cliides the iiet gains ai)d losses ai'isiiig 011 revi11iialions aiid disposals througliout tlie year.
Corpf)r#tinn T3xes Act 2010 and TAx8tion ofchargeable G31A5 Act 1992
Thc Scliool is a regislcred cliarity and as 511ch its inconie aiid gains Idlling within Section5 471 to 489 of the Corporation
Tax ALt ?010 or SeLtioii 256 of the Taxation ol Chargeable Gains Act 199? are exetnpt fi'om Corporation Tax to the exleiit
that they are applied lo its ch<l1-Itable objectives.
Opcrating leases
RcJita15 cipplicable to operatiiig leases wliere siibstantially Jll of Ilie benefifs £l1)d risks of oiviiersliip reiiiaii) with the lessor
,Ii"e cliaigcd a¥aiiisl pi"ofits oli a sli'aiglit-liiie ba.gis over the period of the lease.
rinancial instruments
Thc cliarilable conipaiiy applies Ilie piovisioii.% of Sectioii I I 'Basic Finaiicial Inbtriinienls. of FRS 102 to all of its fiiiancial
insliiinieiit5.
Financial inslruinents are recogiiised Nvhen t11e cl)aritable company becoines party lo tlie conlractual provision5 of the
BASIC finAn¢ial a5set5
Basic fiiiaiiiial a.%sets. Ivhich iiicliide trade and other debtors. are initially measLlI-ed at Iraiisactioii price iiicluding
Ii'aiisactioii costs aiid al'c siibscqiienily carried al amortised cost Llsiiio ilie eftective iiiterest meihod.
Bil sic financi7# I liabilitie5
Basic financial liabilities. incliiding trade and oihLr creditors, overdr2tt facilities and bank loaiis are iiiilidlly recognised at
IrdnsiiLlion price. FinilllLial liabilities classified as pay'<ible witliin one year ale not amortised.
Financicil liabilities are gubseqiieiitly carried Ekt aiiiortised cost, usiiig 11)e effcctive interest rate Imetliod.
Trade creditor% are oblig<llioi)s lo pay for goods or serviLes that liave been acquired in the ordiiiary course of business from
tsiipplieF5. Amuiiiils payable are clas8iFied as CiiiTenl liabilities if puyment is dLie within one ycar or less. If not, tliey are
preseiited a% iioii-ciin'eiit liabilities. Trade creditors ale recogii.%ed initially at transaction price and Sllbseqiiei)tly measiired
al amoi-lised cost iisiiiu the effeLt}￿e interest niethod.
ClassificAtioD of finthncial lillbilities
Finaiicicil licibililies and eqiiity ÈiislLiiIMentS Éire classified according to Ilie subsi<ince of the coiitractLl2c l arrangemeiits enlered
inio. An eqiiity instriinieiit 15 (Trlly Colltract Ilial ei'idences I'esidual interest iii Ilio assets ot tlie compaiiy Ic fier dedii¢tii)g all
of ils liabilities.
Derecognition of finaneial instrunients
Financial assets (ind liabilitics are dcrccogiiised M,lien, and only when, the conts'acttial obligations are discharged, cancelled,
or tliey expire.
Page 23

St Ldinuiid's School Cantei-bury
Notes to the financial statements
ror the year ended 31 August 2024
Cash and cash equiJ'1. leDt5
Casli ancl cash eqLiivalciits incliide c￿h iii liand, dep05115 held al call with banl(s, other shoil-temi Iiqliid ini'estmenls with
orioinal niLiliii'ilies of tliree inontlis or less. and bank overdrafts. Bank overdriifts are shoivn withit) borrowings in CiliTent
Ci-itical 41CLounting est&mAte5 #nd areas of judgment
Tlic Goveimors do iiol Consider any lo be jLidLTeRiciits oi. estimalioiis ivliicli have a significaiit effect oli tlie fin£incial
st¢ltenienls.
Donutions llnd legacies
Group
2024
2023
Variety of thiiors - Restricted
Variety ot Donors - Unres tiicted
61,534
65,73S
280,310
127,269
280,310
Charitable activIties
2024
2023
Fees
Grosb liiiliun, boardlliu aiid gLiardiaii lees
Mus ic Fees
16,606,212
309,291
14,455,575
268,513
Less.. Total biirsaries, schotarships, ¢?SSlSted places. siibs idles and discounts
3,475,061)
3,195,173)
13,440,442
11.528,91)
All charitable inconr in ?024 and ?023 ivas unrestritted.
Other trading income
Group
2U24
2023
Facilities inconr
Canwaigi) incoine
Tradllig llicoine (note 6)
288,472
28,881
58,527
16,345
156.678
373,274
The campaign iiiconE relates lo the School's developn]eiil caiTpaigii. Of the total other tradiiig
iiicome received in 2024. £28.881 {?0?3.. £16.345) M'as attnbut£ible to I'estiicted ￿ndS and £344,393
i?0?3'. £?15,?O51 to iiiirestiicted Rinds.
?31,550
Pagc 24

St Eclmund's School Canlerbtirv
Notes to the financial statenieiits
For tlie )'ear ended 31 August 2024
In￿stme[1ts
Group
2024
2023
Baiik and other uiterest
36,446
37.624
44,459
31,751
Income fiDiii li.gted investii]ent5
74,069
76,209
Of Ilie lolii l inves Iment incorne received in 21P4, £nd {?02J'. £1,634) Ivas attributable to restricted fuiids,
£37,6?4 (?0?3.' £30,017} lo endowed fiii)ds aiid £J6,446 1?023-. £44,559) to illiEtslri¢ted ￿nds.
Tr#ding tncomc
STEDS Limlted
20?4
2023
Tiiniover
5),921
16,101
156,678
11.210)
Cost ofsales
DSS pi.ofit
49,820
145.467
Otlier opei"ating eyeiises
(11,715)
Protil on ordinary activities belore and after tux
39.428
133,753
Aiidit fees of £5,000 (?0?3'. £4.8(Kii are included iii opeizlllig e￿enSe.%.
Rais iijg funds
2024
2023
Tradtng e>penditiire (note 6)
IiivestJrEnt ThnatsertEiit charge5
Fundrais ing e)penses
16,494
22,9?5
57,011
73,505
49,048
Of tlie total e.Ypendiliire on taising fiinds ii) 2024 £57,011 (2023.. £26,] ?3) was altribLltable lo rcstricted
ftinds, £Nil l?023-. £Nil) to endowed ￿1]dS aiid £16,494 120?3= £22.9251 to uiirestricted fiinds.
Page 25

St Edmund's Scliool Canterbury
Notes to the finaneial statement5
oi. tlie year ended 31 Aiigust 2024
8 Chdritable aLtiirylies - Group
Staff costs
Other
Depreeitttion
2024
2023
Te42chuig c05t5
Wclfure costs
7297.214
834,417
438.780
896.4)?
979.?89
1,098,50¥
1.176,026
960.4?9
8276,503
1932,925
2,001 J84
1,937,556
6,899.035
1.403,406
1,975.2
1.634,565
2,466
119,926
Prcmises
SupporE Costs Iiiote 9)
- Cffants. awards and prizes
- Resiricled Awards
386.578
80.675
9,466,863
4,214.252
467,253
14.148.369
12.034,623
Of tlJe total cliaritable activites in 20?4. £Nll (?0?3.. £119.￿6) Ivas Bttributable to ￿$tricted fullds. £Nil [?￿3.
£nili was attribiitable to endoived funds and £14.148.367 1?0?3.. £11,914.697) to unresticted thnds.
Other s Up￿rt costs
2024
2023
Fiiiaiice costs
Otlici. opei'alitLU costs
ven)aiice costs {see beloivl
115,068
488,160
357.201
135,889
517,468
73,IM5
Totlll
960,4?9
726.402
GO￿r￿an£e costs
2024
2023
Audit and aCCOLinlai)cy fees (note 10)
Leual and professional fees
Cbveniot8' Tiavel Expenses
36,540
283,?54
80,907
29,435
110
Total
319,794
110,452
Page 26

St Edinijnd's Scliool Canterbiiry
'otes to tlle financial statemeiits
For the yeai. ended 31 August 2024
l O Auditor's reniiineration
2024
2023
Aiiditovs Ilnllinention for statiitory £iudil'.
Groiip aiid Scliool
Siibsidiary conipaiiy
Otlier aiidit services-
Teachers, pension scheine
A uditor's non aiidit seii'i¢es'.
Tax conwliaiice
29.400
3,600
68,307
4.8(K>
1,140
2.IlX)
2,400
5.71KI
36.540
80,gQ7
I l Taxation
2024
2023
Current tax:
Uiiited Ilingdom corporation taxon res Lilis for the year
Under provis ioii ll) piior year5
CLIITeiil lax charge inclLided in %iindry co.qts
Foctors affecting the tax charge for the year:
IDeficitllProfit on ordiEi£lly activites befoiE lax
39.4?8
133.753
Profit oli orduiary actiN ltes iiwltiplied by tlie s I￿]dard ratc ol UK
CQIPOT£ltioii lax oF25.0(y/o12￿3.. ?1.5?Q/ol
9,857
28.783
Effects of..
Non-takible incotne
Anticipated quabfying charitable donation by STEDS Limited
Deferred laxnol recognised
Cli￿ent Lax cl)arue
(9.857)
1?8,7831
12 Net lllcome
Group
2024
2023
Tliib is Staled after tyliaruing..
Dcprccialioii
Operating leiise rentals
Iiiteres t payable.,
Ba11k interest aiid other charges
- Loan interest
CK>N'emors' Travel Eyenses
467,253
665)4
377,483
68,081
31.556
81,72?
10,071
75,407
110
&17.085
531,152
Page 27

St LdJnund's School Canterbiiry
Notes to the fjnaneial statements
ri or the ye21- ended 31 August 2024
13 Staff Lvsts
2024
2023
Wages and salaries
Socilll sccurity Costs
Pcnsinn contribiition5
7.464.418
758,453
1 ?43.C)93
6,480,371
646,388
,025,971
9,466,863
8,151730
Included lli siaff costs are s reSt￿Ctur￿l8 cos15 totalling £NtL I?0?3.. £30,768).
The aNEI'age numI￿r of emplovces in the year I￿S.
2024
Numbei.
2023
Number
Teacliing 2nd support stalf..
Fiill t1￿
P<1rt time
Peripatetic Miis ic Teachers
DonTslic
Admiiiislralioii
81
29
?3
49
41
32
233
2?3
The aitrAge ofeinplo}'ees on A Full Time Fqllii'.)lent IFrK) basis lias:
211Y4
Nllm￿r
20?3
NumI￿r
Teac1}￿rr and siipport staff..
FLIU tllT
- Part Isn
PeripLlteti¢ Music Teacherg
Dontstic
Adininistntion
83
18
81
17
36
32
35
179
169
Tlic govemors and Lmstees did not re¥eive any renwiierdtion or rcunbuT5emeiit of eypenses during tlie year
ut)der review or rlie previous year.
The nurd)er of etwloyees ivhose emluments e￿eeded £60.OtX) Ivas..
2024
Number
2023
Nuinber
£60,001- £70,000
£70,tN)1- £80,000
£80.()01- £90,￿0
£90,001- £100.000
£ i(x).001- E 110.ooo
£110.001 £120,000
£120.001- £130,000
£130,001- £140.000
£140,001- £150,000
£150,001-£160,0(
Tlie k¢y tronageffrnl persoiinelof Ihe Lhariiy ¢oiryirise the Board of G)vernors ai)d tlie Head sllppoi1ed by an
&Kecutive Tea￿ H,hiLh iii¢liides the Head of Senior SchooL Head oF3unior School. Head of Pre-prep and the
Bursar. The total rei)wnerntion {tncluding etrployei iialioiial insuranLC gnd ¢iryloyer pensioll contribuiiDnsI
of Eh¢ key manaxeii*iit personnel in ?0?4 Wab £576.359 120?3.. £5?5,97)1,
Page 28

en
ryi
I t
r%t OJ
rry

St Ei dmund's SLhool Canterbui'v
Notes to tlie financial statement5
For the }ear ended 31 Auvust ?024
1 S FRxed as set inT¥EStments Group and School
2024
202.1
liiF'e.Itiiieitl,
MaFkei valLie I Sepleniber
1,081,027
1,103.83?
AcqLllS iliuns at cost
Disposals
Unreulised aiid rL-alised1055C5
88,392
1,169,419
{22,805)
1.081,0?7
Casl) wilh uiveslineiil nrJni2gei-
683
683
MIE rket value at 31 Au8llSt
1,170,102
1,081.710
Cftsli Deposits
2024
2023
ei)er-Wynn Tnist - Endown*iit
Mich4iel Nodder- EndofvTrriit
214
21
214
21
236
1,170J38
236
1.081,946
Total Iiiveslnienls
Enduimirnt loan balances liave been sliown llLt 11 ¥ainsr tl)e cotrtsponduig creditor balances. Tlie
l)isloiiLal eosl ofthese investinenls is £1,031,795 12023." £ I,OJl,795).
16 InTrEstment in s ubsidlarv
2024
2023
STEDS Linuted
5,IK)O
The cliarily ii ¢qiiired 5,000 ordlliary sh<ires of £1 each in STEDS lin]ited, a wholly ON￿]ed Subs idkiry,
(with the regis teied ofFice address beiiig the sanE as its pareiltl on 5 N0ven￿e1. 1998. The net asscts of
the s ubsidiary al 31 AIiuLisI 20)4 were £34,21X) 12023.. £34,20QI. Tlie tiadiiig siirpliis for the sub.qidaiy
is £39.428 (?023.' su4)1iis £ lJ3,753) and further analysis can be foiind in note 6.
Page 30

S't Edmund's Scliool Canterbury
Notes to the Iinancial statemettts
For the year ended 31 Augiist 2024
17 Debtors
Group
2024
Scliool
2024
2023
2023
Ti'<ide dcbiots
Fees
Othei. debtors and prcpaynEiils
AITK)iiiil diie froin subs idiaiy Lindertaking
810
911.511
344,217
486
920,340
334,511
911511
344317
64.469
1,320,197
920,341
33?.726
1.256.538
I,255,337
1.253,067
18 Creditors
Croup
2024
School
2024
2023
2023
Aiiioiiiitsflllliiig diie witliin oneyear..
Tnde creditors
Bank loaiis ciiid overdrafts
OEhci- taxcs and SOCi2L I seciii'ity
Other ereditors
FinanLe leases
AtTh)unt due to s ubsidi<ll)i undertaking
Accnials
Depos ils
Fees received ii) advaiice
521,644
35 1,573
334261
325,896
26.143
533.619
??J,094
15??73
159,)20
521,644
351,573
329,505
325.896
26,143
533.619
223,094
147,5?3
159, J?0
38.737
77.878
1,030,316
1,743,660
3,954,147
55,647
755,507
3 ?48.984
5,619.654
83,578
1,030,316
1,743.660
3.925,860
50,647
755,507
3.248,984
5,609,898
Ii)cluded oilier ereditoi's are anM)unls totalling £152,458 {2023'. £121,221) in respect of oulslaiidiiig
peiision contnTr>utions.
Thc bclnk loaiis and oiierdrafts of £3.41i,031 120?3= £?.073,0371 are securcd by fLYd and floating charges.
Fees in advance
Group and School
2024
2023
Brought fonvard
Addilional fees iii advai)ce
Utilised ui tl)e year
1,743,660
3,248,984
(1,743,660)
1.743,660
(1.511,370)
Ci£ rried Fonvard sliown ivitl)iii ctrdilots Fallin¥ due witliin one year
3,248,984
1,743,660
Fees in advance represeiil the ￿￿K)Lint of School fees received in relatioii to the followinE year.
Page31

St Edmiind's Scliool Canterbury
'otes to tlie finanLial statements
For the yeat. ended 31 August 2024
19 Crethtors
Croup
SchoDI
2024
2023
2023
Aiiioiiiils.ffjlliiig iliiv ffftLJI- oiie )?eiir.-
Bank. loa115 1_?
Bank. loans ?_5 yea
Bank.10£1ns 5- )iears
TLilal Bank Ioillls ? lyr
363,253
806,424
,893,782
3,063,459
363253
8U6,424
,t$93,782
3,063 459
223,1
48i,948
1,140,901
1,849,943
485,948
,140.901
1,849,943
Group
2074
School
2024
2023
2023
Aiiioiiiilsflllliiig diiL' uftei- oiieyeur.-
Finance leases l-? years
F&nance lea%eE 2-5 years
Fiiaiice leases k years
F￿alice leases >lyr
?6,143
78,4?9
41J93
145965
26,143
78,479
145,965
Group
School
2024
2023
2023
Aiiioiiii¢sf¢illiiig diie ofter oiieye¢rr.-
Totiil 1-2 }Jears
Toial )_5 year)
ToiLII i+ yea
TolLil>iyr
389J96
ts1$4,8y3
1,93S.17S
3,209.423
389 J96
884,84.1
1,93i,175
3 ?09,42.1
ie follOw￿g 5ecuiilies arc hcld over rhe School's a55ets by Natwest Bank Ple..
Mortgaoe issued Marth 1998 overtlie freeliold property known a% l ? i & 4 The Close Si Tlion)As' Hill Canterbury Kent
and l & ? St Edmuiids Cottages Gtleb Ldne CanterbLtry Keiit.
Moff trage i.gsiied (k-tober 2003 ovei. the property kiioivn Ponli¥iiy, University Road. Canierbury. Kellt.
Mort¥a¥e issiied (k'lober 2(M)3 overthe property knoiwi a8 3 St Edilliiiid5 CDtlaues, Gdes Lai)¥. Canietbiiry, Keiit.
Legal chaptre issued Noveniber 2017 over Sl Ed￿￿1nd'S Scliool. SE Thonlls Flill, C8nterbiiiy. Kent.
LebFal cliarkie issued O¢iober ?020 ovei St EdnniDd's School. St Thonw5 Hill. Conterbuiy. Kent. Itn respect ot CBILS}
The Naiivest CBILS Loan is due for repaynrnt on ry5rh Septen]ber ?IP6 and ha5 L eur¢eni fi)Ed variable ￿terest rate
of ? OV/ll per year ovei the bank's base Fate.
The Naiivesi Loaii was refiJ)aiiced dLiring the prioryeor, and 15 due for repa5'rr£nt on 3rd February 21M4. and lias a CiiTrent
fixed Enleresl rate of2.23/9 peF year over the bank'5 baskn rate.
A New Nativcst Loan was entered inlo duriiig the yearand lias a CLirrenl variable tate ofinteresl ?O/o peryear over
Ilie bdnk's base nte
20 Financial in5trunieHts
Group
2024
School
?024
2023
2023
Carryinui amount of fjnkincial assets
FinanLial assets li￿aSlIred at aniortised Lr>st
Flliai)cial libjlities at all￿rtised cost
911,SJl
1,603.048
920,340
1,723,254
975.979
1,603,048
920,341
I,T23,￿S
Pa(ye 3?

.9t li dmiind's Seliool Cantei'biiry
Notes to the fiii2i neial statements
For tlie year ended 31 August 2024
21 Fjnaneial eoinniitments
Opei?ting leases
The cliiirilable coillpaiiy leases a iiumber of assets iinderconlrncted ¢onJr£rcial lern5. Al the reporting dale
the Lhaiily had total outs tandiiig eonunitineiits for fiitiire nwninllim lease paynEnls uiidernoii-cancelldble
operaliiig leases, which fall due a.8 follows..
Group
2024
School
2024
2023
2023
Less Iliaii one year
Between l aiid 5 yeiirs
54,821
2?,756
66.554
41,746
54,821
22,756
66,554
41,746
77.577
108300
77,577
108,300
Fiiiance leases
Tlie charitable conyany leases a iiiirTber of assets iiiidercontracted conm*rcial ten1￿. Ai tlie reporting date
tl)e cliarity Iiad total oiils IIL Iidllig cotnmitnKnlB foi fviure niinimiim lease Plc yineiits iiiidernon-canceU&ble
f￿anCe leases Kvith a net book value at 31 Aug(Ist ?024 £17J,197 {2023.. £Nil) which tall diie as folloivs..
Group
2024
School
2024
2023
20?3
Less than one year
BetNveen l aiid 5 years
Over 5 ye&r5
26,143
104,571
41 J93
26.143
104,571
41,393
172 107
172.107
Page 33

St Edmund's School Canterbury
Notes to the finaneial statements
For the year ended 31 August 2024
12 afTrEta45ets tofu*ts ￿dIeS*r
O¢btr net
55its1
¥Sxed
sets
T•t*l ZQ24
tknrestrictedfllrt&:
-S¢htsol C¢neral fvnd
7.275.PAO
{6,159,7521
1,11&088
-FouThdation fund
-organ Fund
-ThcutrL'
-Pvoll Sporfs Hall
-￿5$ Fund
-C¥GFoundation
19S623
5&176
253.799
9&755
284,633
94755
284.633
14705
-Conwaigrt fund
-Carnpaign fund2
-warme￿[1￿1 Schvlarohi)
-Btrw¢rs Fund
-Okl Roykn RurJary Fund
-COIqDHatd5hw Fund
-Bursary Fund
1.893.169
1179.nOI
15J53
2228
212
7A491
2,228
21.2
4341
4.841
3.603
-DDnations und legac￿5
11702
211 J69
3.9)3
211.369
3.gQ3
fr4uip￿nt
-W0(bifinvesl￿￿tI
5,722
-HJync5 k8acy Fun
-IKDC1a55roornFund
-hd0￿￿nl k)ans
1240
17&522
(4565
17,056
45.445
553.579
32&Y3
31,105
1051
395.$
-&rcnrr-Wynn Brguest
-Mi¢ha¢l NoJd¢r
-JohTh Blca5dcU
45.445
9169QOg
5.155.974
5.185 J74
S¢W
Othernet
a5$etsl
5xcd
assets
Totsl 2D24
ihbrestrl¢iedfunth-
-Schvvl fund
7.?75.YO
{&193.9501
IJI86.8￿)
Re5tricedFuTrd5'.
-Foundalion thnd
-Org¥n Fun
-Theatre
-Pooll Srions Hdl
-Cknss Fund
-<r.GFoundalM)
-Cutry)aisn fund
-CottPLigtt fund ?
-WdrmtnK]yi￿Is¢b￿l*r$h
-&knwers BurJJry Fund
-OW Boys BuTsary Fund
-COIqDHll￿sh￿ Fund
-BU￿ary Fund
-statu¢ Fund
-DDnations Jnd legac￿S
-EnTh￿￿rcTtUsl
-music F4uFN￿nl
-WoO￿l￿vr51￿￿ThlS
-Iloyn¢$ k¥a¢y Fund
-OCDao55roornFund
195.623
5&176
3.799
9&755
2N633
11705
98.755
I￿.633
11705
1.893.169
{179.73DI
15.353
1228
21.2QQ
76.491
2.228
21.20
4.841
3,003
1&702
211,369
3.913
4.841
3,603
16,7
211.369
3.903
5.722
-Potttsry ￿r5￿ry Fund
12&thX>
17U22
fhJ65
17.056
45,ty15
12&1
731051
395.508
4E.161
45.445
-FndoNT￿nls
-rA￿ner-WYnP Peqllest
-MKhael Nodder
533.529
32&￿3
31.105
9 169.••9
.175JS#
5.190.172
5.IS4.176
Page 34

St Edmund's School Canterbury
Notes to the financial statements
For the year ended 31 August 2024
2J Alloc?tiLmofDetAssets tO￿ndS aDdre5en*$-PrlDrytar
Othtr ￿01
5otsl
Flx*d
sscts
Tols12023
Uorcstfitltdfllots..
- Schvol&nernlfiind
5,910289
14.51&35D
lJ93.932
Re5triredFuJLds:
- FOUndat￿Tr
180,E36
51,496
231J32
-IkgaM Fund
-ThrJtr¢
Pooll Sports Hall
-aass Fund
-cF.Gftsundat￿ll
- Canpaign fund
- CaI￿a]S￿ fund2
-WarMenM)ri&l Scholarsh
- B¢We￿ ilur5Jry Fund
- OW BTrys ￿]sary Fllttd
-CONID Hanlship Fund
- Butsary Fund
-Slatue Fund
DonatK)ns and le8#¢￿S
- F￿ni$￿vr¢ Trust
- MUS￿ F4Uipntrtt
-w0olflnve5tN￿DtS
98,755
272,037
98,755
27? 037
2(X>
1.684.538
I.6￿.538
56,517
13.707
4.554
4.554
16.702
16.7
funth:
- Endtswft￿nl loans
128,f
IY2,592
58.649
128,tm
(A.281
511ffj89
303322
2&754
-frcencr-Wynn Bequ¢51
Mithatl Noddcr
44,971
43,434
43,434
5,91U,Z89
1,081.018
{I,689,SD81
S JOI,IDO
Stbfj
Othcr Thet
J55ptsI
Ol*trllllJes}
sstts
2073
I￿reStrICtedr￿ttdS..
-school Conernl ￿lld
14.550.557)
1.361,732
R¢5triCedFu￿rf4.
Foundaiion fund
18Q836
51.496
232,33?
-OrgJn Fun
-Theaire
-Pooll Hau
-CL4ss Fund
-(f.GFourtd41ion
-Caryai8n fund
-Caupaign fund 2
-WarMenwrial SoholJrsh
-Bewers BursAry Fund
-old Boys Bursary Fund
-COVJD Haidship Fund
-Btststsry Fiind
-Stlllue Fund
-tkinatiurts artd legaeies
-F￿n￿￿re Trust
-Mu5i¢ F￿ll￿tr￿￿t
-Woolflnve5lnEnls
98,755
271037
2rM)
98,755
272,037
2rM)
250
I,W,538
1,684,538
5Q517
13.707
70x4
4.554
4.554
IA702
o(x)
16,7D2
ijno
-F￿￿￿wI￿nI loan
I2&0￿)
15J92
58,649
16217
43.434
12&0
664281
511.689
303.222
21754
-Crterter-Wyrtrt Bequesi
-michael NnddEr
-Jtshn BkJsd¢ll
44,971
43,434
5.910289
1086018
1.723.710
5272,6Tr0
Page 35

St Edmund's School Canterbury
Notes to the financial statements
For the year ended 31 August 2024
14
Rr4llstd &
Group
2023
Totsl 2014
Unr¢Stri¢l*d fu*41s'.
*huibl &rteral
Tot#J unre&lrlcted funds
RE5trireJ Fpnd5'.
- FovTh&iion fthd
-Orgn I'.w
9.965
253,8DO
98.755
272.037
250
98.75$
284.6J3
Z50
-(Ampai￿ fuTrd
I.6￿.53&
.7I3AJ8
-c￿pai￿ lund2
WatMLmurial kho1arship
7.000
70.2*4
20
1.646
12,705
2,Z28
21,ZOQ
- Be￿￿rS BursDry Fund
- Olé BUr￿ry F￿d
-CN)IqD HardthiTr F￿￿
- Bwsary
- F￿d
6.029
4.554
3.444
287
4W41
3.603
250.000
5.OnO
2.990
- m￿1￿ Ewpmtnl Furté
3.903
5.722
-OCD aassrooni Tr￿ld
- Ratiary BuTSary FLmd
1.000
480
I,•oo
480
lot91 r¥s¢rirtcd fund5
1.665J08
90.414
F￿d0￿mEnt lu•ds'.
664.2S2
732,Q52
395.509
-Ikccnrr-Wynn Beq
g.844
24.794
-john Bleasth11
43.434
45,445
TDlg1 En￿D￿￿t￿l futhds
68.985
Ib191 lund5
5JOI.¥O
13,99#,460
88.393
5.J8JJ74
Srhool
Tolol 21JZ4
VnT¢Stri¢tod funds..
&hool Trneial fthd
lJ64,732
L.Q86,886
TDlal
L.•80,886
Fourtdiliun fwi
- Organ Funé
9.965
253.800
•8.7SS
284,633
250
272.037
250
12J9fj
- campai￿ fund
L,713,4JB
- fund?
7.noo
70.224
00
7.000
- W¥r &htsknrship
- F￿￿
- Eewyrs Bwsary bund
- Old Boys BurAry F￿d
- Biw5ary
- ￿￿lue Fund
th)naliortsaTrd le￿Ie
- Ennisrnor¢TnW
- m￿7¢ E(P￿Pm¢￿l F￿d
Wots[lInNe￿Ille￿l$
Haynes k&pacy F￿d
- OCD F￿d
- RThllLry Du¢stry F￿d
4.621
2,228
IJ,20Q
6.0?9
287
3.444
3,603
250.000
5.otso
2.990
211 J69
3,903
5.722
523
4¥0
? 665.308
90.4I4
lund8=
- F.ndDwncnl
Lndoued I.￿d5
128.000
6&1.282
125,00
732.U5Z
395,5Q9
41.840
?4.794
-&ccncr-WynTh
Mirhael Nndder
8.844
44.972
4J.434
45,445
Total
37.624
TotaI fun65
S.272.60
81,393
Page 36

St Edmund's School Canterbury
Notes to the financial statements
For ihe year ended 31 August 2024
24 Analysis of MoTrEment in funds (continued)
The Foundation Fund is to provide schoiarships to assist in ￿￿]ntaining pupils of the
School. or other specific purposes as the donOr￿Y direct.
The Canpai(Fn fund was setup to raise funds for the next pliase of the acade￿ll¢ Iiub
which recieved donations of £28,914 (2023 £20,794).
The Organ fund was setup to raise ￿lldS for the restoration of the school chapel organ.
The Theatre fund was setup to raise fund8 for the developlltnt and enhancell￿llt of the
schooltheatre facility.
The Pool I Sports Hall fund was setup to raise fi]nds for a swim[￿g pool enclosure and
enhaJ]ced sports facilities.
The Donations and legacies fund was setup to Tais¢ funds for ¢nhan¢ing the faci]ities of
the school.
The Class Fund was setup to ra18e funds to provide scho]atships to assist in maintaining
pupils of the SchooL or other specific PUTposes as the dOnor￿Y direct.
The GFG Foundation fund was setup lo raise funds to provide bursaries to assist tn
n]aintaining pupils of the Scliool studying stem s ubjects.
The War Memorial Scholarship Fund is lo be used to provide scholarships to assist in
ointaining pupils at the School and such othercharitable putposes in relation to the
School as ihe Head might recomnriid.
The FndoWl￿nt fund inco￿￿ is to be used, at the discretion of the G)vernors, in the
rtlierance of the educational objectives of the Scliool.
The (keener-wynn Trust EndoWll￿nt is to provide education for gifted iTK]sical and
other scholars ofst Ednwnd's School.
The Michael Nodder endowmeiit is to be applied for the benefit of children of the
clergy in studying an ecologically fiiendly project.
The John Bleasdell endowtrent is to provide scholarships at the discretion of the
G)vemors.
The COVID hardship ￿lld is to provide fjnancial support to fan]i]ies inpacted by the
COVID-19 pandemic.
The Bewers Bursary fund is to provide support for an orphaned student(s) of St
Edmuiid's School.
During the Ye￿ the total scholarship paid from Ibe War Memorial Scholarship Fund
was £nil (2023.. £nil). paid from the Endownrnt fund was £nil (2023.. £nil), paid from
the Foundation Fund was £nil (2023.. £nil)
The EnnisnJ)re Trust is to provide support for bursaries and scholatships.
The Music Equip￿Ent fund is to support the pur¢hase of ]r￿sICal instrun￿nIs.
The Woo]f Invest[￿nt fund is to provide support for bursaries and scholarships.
Page 37

St Edmund's School Canterbury
IYot¢5 to the financlal statements
For the year ended 31 August 2024
Roxli5*d &
Gr4DP
ETpeTr4Ityre
khoo1 &.n&rnl
226.404
- Orw
-ThfLtr
1.653.744
7.OOD
I￿34.531
7.OOJ
(Lind:
- Pund
. Bevr$BUr￿ P￿1
- Boy5 I'.￿d
- cQNIDlI￿[dthiP F￿nd
- aur5ary I.￿￿
a.n54
4.551
J.444
37
25D.100
250.01
5.010
I,wo
- ￿u$l( F.•*Dm¢nl Fund
2,990
Z,165JOS
- F.nthMTh¢nl bznsOikEr L￿dD￿￿1-.￿
IP8.010
554.465
- ￿1[hall Ntsd&Y
JDhn W¢&ell
34
43.4J4
4J,434
TotAI eThdowmeitfund¥
1.242.5V
Total funds
RYblli¢4&
FA￿￿di1￿￿
TolAI 2023
l J64.7Jl
Tolll fund5
RVilr5￿'d Fun4s'.
0￿d￿lOn t￿d
- Fthi
9.509
23Z.J33
250
- r￿d
1.663.60fi
2D.932
7.0
70JZ4
200
- Beu¢i¥BW￿rY P￿d
CONryDTlarLL%hIpF￿
500
6.Q54
4.554
3.444
- 9•1￿ P￿d
250.Q
5.OTrD
2.991
254.000
2.990
2,66SJ09
EDdowm*n1 lundy..
121.000
. {t￿ne[.wY￿n
16Tr71
T•t41 rntlvwmrht
J J42,S_I9
Thllt
5J60.986
$272.599
Page 38

Sl Edmund's Slliool Canlerbury
Notes to tlie finaiicial statemenl's
ror the )'ear ended 31 August 2024
26 Nel eashflo#,from n￿r￿tiOnS - Group
2024
2023
Net {deficit) I surpliis
Depreciation
Loss 01) disposal of fixed Lissets
Fair valiie gain5
Inve5tiTrnl income
liiterest reLeived
IncrLase in dcbiurs
Iiicrease l (decrease) iii Irade and other credilors
1118,425)
467,753
10,508
363,678
102,442
22,805
131,7511
144,4591
1157.9i3}
605.302
{88,392)
(37,6?41
136,4461
11,201)
1,711.279
Trlet cash inflow from operating actlNltles
1,896,445
870,572
27 Related ￿rtieS
Group and Scliool
Mi E O'connor. ¢Lirreni Heiid and acting Head of the Junior School in the prior year, paid School fees for the
year totaliiiig £4.476 120?3.. £4,?841. There were amounts outst£indll)g ll) the ciirrent or pievious year.
Mi. R Coinfort, CilllEnt Head of thejiillior Schaol, paid Scliool fees foi" the year tolalling £4.314 120?3.. £),6451.
Tliere iveie flo 14 nK)Lints oiilsianijino in rhe ciirrent or previoiis ve1£ r.
Mr N Scoti-KIl￿.ert, tlie Bil￿ar, paid School lees for the year totalliiig .£13,755 (?023'. £14.7Tr1. Tliere were
nnioiiiils Ollt5taiidllig in theciiii-eiTrl oi. previoiis year.
Mrs S HuLlson. Ihe Head ol Hutran Resoiirce5. paid Scl)ool fees for the year totalluig £10.565 I2￿3.. £272671.
Their were Jio an￿ul1t.% autstaiidiiig u) IhL CUITelll orpreviou5 year.
During the yeai. tlie cliarity received sponsorship and adv¢rtisllig revenue lotalling £nil i?023.. £1,0301 fin
Biiroess Hodgson LLP where Mr S Sutlon, Cx)veinor, is pailnerof the Finn Theie weFe no an￿￿￿tS
oiir5tai)ding tn the cu]Teiit or previoLlS year.
Duri]Ig the yearnil l?023.. 11 tni.%te¢s doiitaled a t(Ital of £nil (2023.. £2.OLKI) to tlie sclioolin ilie year.
During Llie year the charity received a cliaritible donation to the juilior school charity collectitsiis totalling £nil
{?0?3.. £1001 fJDm Hi Kent wl)cre Mr P Todd, C()vemor, is a ditectOF. TlieFe ivere no amoLlI)tS Olllslanding in
Ilie curtnt orpTevious ycar.
School
Iluring the year Ilie charity had the followu)g transactions Mqih its 5ubsidiJry STEDS Lllnired..
Manage￿￿nt charge to STEDS Limited
Gitted profits from STEDS Lllnited
£6,690
£39.4?8
120J? .. £6.6901
{2023.. £133.753)
At the balllnce sheel datc È64.469 1?0?3.. diie lo Sleds £38.7371 was owred froin STEDS Luniled and ig ￿cluded
w&tI)Ul ClEditOls {dtbtors in Ilie prioi yea1}. No inteTest has been chttrged on tlie oiitslanduig an￿￿11{ l?0?3.' nin.
All of the above trdll5aciioiis have been eliminatcd on consolidation.
Page 39

St Idinund's Seliool Cantei-bury
'otes to the financial statements
Foi- the year ended 31 August 2024
28 Pension similAr obligations
Tl)e Scl)ool partlClP%iies in tlie Teacher5, Pens ion Scl)eme @Igl%ind and Wales ITPSI for acadeniic IIC
IElaled 5Laff, whiclJ is a mulii-einpluyer d¢tined beiiefn sclienEs.
Tlie latesi aLiiiJrial valuation of tlie TPS rLlaled lo tli¢ period ended 31 ?O?O.
Tegchers, PeEasion Scheme
The Teacliers, Pension Stheme ITPSI is a slatulOry,conlribuloiy.dLfiiied beiiLfit sLhenE. Ett￿erned b
tl)¢ T¢achcis'Pensions 2014. Metnbership is 1£ Utomalic for teache￿ in aeaderrrie.%_ All ttdtheis have tl
opiion to opt-out of the TPS follo￿￿￿ enrobnent.The TPS is an unfiind¢d schenr and nrmbeis
conttEbute on a 'pay ds YOLI go, basis- these contnbulions along tliose irnde by enployers are
credited to the Excheqiier. Tlie academy tnist hc?s ac¢oiinied for its contnbulion5 to the5Che￿ if it
were a dLfined coiitribution scheme. The LiLadetny tnist has set oiit beloiv tlie llifonn4tioJi avatlL2ble oi
the scljeme.
Vnluation of the Teachers, PeTr5ioTr Schem¢
The Q)i'emnEnt Actuary, ustrng nollml acliiarial prinLipleb, conducts a fomwl actuarial review of ihi
TPS in aceoilance iviih tlic Public se￿Ice PensEons {Vahialions and Enylover Cosi Copl DiiectlOll5
?O?J published by HM Treasury every 4 years. Tlie aim of the review is lo %peeity the ￿Ve1 01-￿tUre
¢ontribiitioiis. Aciiiarial sChc￿￿ i'aliialions dcpendcnton assiirylions about thevall￿e of ftiiure
costs, design of benefits and Tmny other factors. The latest actuarial valEiatioti of tlie TPS was earrie
oiil as at 31 arch 2020 in a¢cord3nce ivith The PLEblic Service Pensions IVl411114 tIons aiid &iipioyer
C051 Capl Dire¢iions 2023 and the tnwloyer Contribufion ILile ivas assessed usiiig agreed
ssitmpiions iii liiie willi tlie DiTeclions andwas accepted at the orioinal assessed rnte as there no
cost conirol llrLhaiii%m breach.
Tlie valuaiioii rL'port il'as pubhshed by tlie Depdrtmenl for Educaiion on 26 Ociober ?093. The key
clen*nls oftlie iialualioii are..
Toial sclien* bibdiiies for sen'ice (the capital siin) iieeded at 31 kl&reli ?020 to Ilie streth
of fiiture Clc sli flowb 111 iespecl of bellefits eaniedl of£?62 bEIIioii
VIE lue ofnorional assLts les11￿￿ted ￿[Lire ¢ontnbiiLiOnS iogetlieiwith tlie pro¢eed5 froin tlie
iioltonal iiiveslii]ttn15 hekl at the valualion datel oE'£??? billion
NotlOEldl past seTh'ice def￿11 of£39.8 billion 12016 £?? biliiotk}
Discount rale is 1.7°/o excess of CPI {2016 2.4'/D in excess ofcpii {this cl)ange has had the
ereatest f￿nancial sieiiificancel
As a resllli of tlie valitation, new ew)loyer Contnbiition ntes have been serat 28.61u of pensionable
pay from l April 7024 Linlil 31 March 20?7 Icotnpared to 23.68U/o ill)der the previoit5 valuation
cILidllig ) O.OS/o Jdiniiiistrntion kvyl.
Tlie einployeF'S pensiOJJ tobts P?É id lo TPS in Ihe period al]￿U￿ted lo £1.116,449 {?0?3.. £914,730) an
al the yearend £130,L14 I?0?3. £106.95?) was accnied ￿ ￿SPeCt of conlnbiilions to thi% schen￿,
29 Capital commitment5 - Group andschool
2024
2023
Contrn¢led for biit not provided in thesc thiancial statements
163,969
?243,134
Patre40