2024-08-31-accounts

DUKE OF KENT SCHOOL A COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" AUGUST 2024 Registered in England. Cornpany No: 3424289 Registered Charity No: 1064183

DUKE OF KENT SCHOOL COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2024 STATUS AND ADMINISTRATION The School is an independent registered charity number 1064183 and a company limited by guarantee with regisiered number 3424289. GOVERNORS The Board of Governors are the members of the company. They are also directors of the company under company law and trustees of the charity under charity law. Those serving during the period to the date of this report are as follows.. Mr R.A.Brocksorn (Chair) Mr A.R.W.Balls Mrs J.S.Cropper Mr S.M. Dallyn Mrs J.Hendriksen Mr D.M. Jack Mrs P.M.McKenna Mrs C.A. Wilson Mr A.B. Bond KEY EXECUTIVES AND PROFESSIONAL ADVISERS HEAD Mrs S.l. Knox MEd, MBA, BA (Hons) FINANCE MANAGER Mr N. Tearle BA (Hons), Chartered Management Accountant {ACMA) COMPANY SECRETARY Mr K. Stacey PRINCIPAL ADDRESS & REGISTERED OFFICE Duke of Kent School Peaslake Road Ewhurst Surrey GU6 7NS BANKERS Lloyds Bank pl 2 City Place Gatwick West Sussex RH6 OPA AUDITORS Alliotts LLP Statutory Auditor and Chartered Accountants 3 London Square Cross Lanes Guildford, Surrey GUI IUJ

DUKE OF KENT SCHOOL GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Board of Governors present their Annual Report for the year ended J l August 2023 toaether with the audited financial statements for the year, and confimi that they cornply with current statutory requirements, the requirements of the cornpany's Croverninq document and the provisions of the Charities Statement of RecornTnended Practice (Charities SORP) 'Accounting and reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective January 2019. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document The cornpany is governed by its Mernorandum and Articles of Association. Governance The Governors are elected at a full Governors, meeting and are selected on the basis of their expertise and experience. The Govemors deterniine the general policy of the School. The day to day manaaement of the School is delegated to the Head, the Bursar and the Finance Manager who report either directly to the Govemin(> Body or through sub- committees covering specific areas such as Finance and Property. Education, IT. Marketing, esafety and Health & Safety. These are chaired by members of the Governing body or Senior Management. Governors, training New Governors are familiarised with the organisation and structure of the School. This programme includes knowledge of the School's policies and safeouarding trdining. Governors and Head Duke of Kent School is fortunate to be served by a board of dedicated and enthusiastic Governors with a wide rancre of experience, expertise and talent. Governors help to shape d¢v¢loprnent strategy, advise and support the Head. scrutinise policies and ensure compliance with statutory and regulatory requirements, taking an infom)ed interest in the work of the School. In addition to the four Goveming Body meetings that normally take place each year, Govemors serve on sub-committees including Finance, Education, IT, Marketing, esafety and Health & Safety. AIMS, OBJECTIVES AND PRINCIPAL ACTIVITIES The School aims to teach pupils to be positive, compassionate and constructive members of their local and globa] community, ready to face the challenues of the future, and to provide thern with opportunities for teaTnwork, leadership, service and rnoral development. Up to July ?014, the School provided both boarding and day education for boys and (rirls in the age range three to sixteen. All boarding ceased at the School from then and the School, from the Autumn term 2014. became a day school only on an Extended Day model. As a legacy of boarding, the School provides a full and extensive pro.oramme of educational activities beyond the core school day from 7.30am to 7.JOpm, five days per week. Ethos and Strategic Aims. The School exists to provide a safe, happy environment in which children can enjoy a high quality education. This education is to be both sufficiently adaptable to address the needs of each individual child and sufficiently wide ranging to challenge and develop a broad spread of talents and abilities Within each child. Objectives for the year The Board's main objective continued to be the education of all the School's pupils to enable them to proceed to their next school or sixth fomi college of choice. to develop their academic and social skills to their full potential. Ernployability is a key focus, with attention given to fostering positive character traits, habits and skills in order to enable our pupils to enjoy a productive and fulfillino life. The strategy for achieving this is to maintain a high te2cher- to-pupil ratio, pursue a growth rnindset, and a balance of challenge and support as required by each pupil.

DUKE OF KENT SCHOOL GOVERNORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Principal activity The principal activity is the provision of a co-educational Extended Day School serving the Surrey and West Sussex area. GIUNT MAKING AND BURSARIES The Governors view bursary awards as important in helping to ensure that children whose parents would otherwise not be able to afford the fees can access or contlDue with the education offered by the School. Bursaries can be made available for new entrants, to facilitate access or, more obviously, to current pupils, to facilitate educational continuity when deteriorating family circumstances dictate. In making awards a number of factors are taken into consideration including educational continuity, family income, assets, investments, savings and other individual circumstances. The School does not have endowments and in funding awards a very careful balance has to be struck between ￿11 fee- paying parents, many of whom make considerable personal sacrifices to fund their children's education, and those benefiting from the awards. RISK MANAGEMENT The Board of Governor5 is responsible for the managemeni of risks faced by the School. Risks such as those relating to safeguarding, health and safety or the School's finances are identified and assessed with controls applied to mitigate risk. A fornial risk review is undertaken annually and any perceived vulnerabilities addressed. Controls used by the School include comprehensive strategic planning, an established organisational structure and lines of reporting, hierarchical authorisation and approval levels, formal written policies and risk assessments and terms of reference for Governors. Through the risk management process established for the School. the Governors are satisfied that the major risks identified have been adequately mitigated where possible. It is recognised that systems can only provide reasonable but not absolute assurances that major risks have been adequately managed. RESERVES As stated in Notes 12 and 13 to the accounts, the reserves are split between those restricted to specific purposes and those available for the day to day requirements of the School. The reserves policy of the School is to continue building up reserves out of annual operating surpluses until a suitable level of free reserves is obtained. The policy is that two months, expenditure would be practicable and achievable iii order to Cover the risks and uncertainties of operating as an independent educational establishment. It IS Possible however that free reserve5 will need to be used prior to reaching the recommended level in order to satisfy the demands of further capital expenditure so that the School can be equipped with the up to date facilities needed to maintain the standards of educatlDnal services currently provided. In common with most independent schools, the School has negative free reserves (£288,500) as the Governors have continued to reinvest surpluses into the School properties. INVESTMENT POLICY The School's policy is, when appropriate, to retain core cash balances on tenn deposit accounts. PUBLIC BENEFIT The Governors have complied with the duty under Section 4 of the Charities Act 2006 to have regard to the public benefit guidance published by the Charities Commission. REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR Strong local demand and excellent retention have ensured that pupil nun]bers have continued to remain Strong at Duke of Kent School this year. As of Septernber 2024, there are 321 children on roll, with a number of year groups operating at capacity- The School continues to provide an excellent education for its pupils across a broad academic range, with a focus on the needs of each individua] and the importance of personal development.

DUKE OF KENT SCHOOL GOVERNORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The School inspected by ISI (the Independent Schools, Inspectorate) in January 2023. We were delighted to achieve full Comp￿ianCe in all areas. There were many positive comments in the report such as. the school ethos is one which encourages pupi15 to work hard and to enjoy school life. Teaching and learning are combined with effective pastoral care which supports pupils to make good progress." This is a particularly pleasing achievement and a welcome extemal validation of the School's operations and perfomianee. The School is committed to breadth of education and therefore greatly values the contribution of Sport and Perforniing & Creative Arts to our pupils, developtnent, in addition to the core subjects studied. Wellbeing and prornoting the welfare of our pupils in the broadest sense remains our priority and our Wellbeing Manager runs a full range of activities to ensure full support to our pupils in this important area. As a ￿rther means of developing pupils beyond the classroom, the School enjoys exceptionally high rates of uptake in its Duke of Edinburgh Award Scheme and pupils enter many competitions such as the Rotary Debatino as well as Public Speaking and SATRO which increases our pupils, understandinu of science and technology in meeting the challenges of the future. IT is embedded into the curriculum and pupils have access to iPads or Chromebooks as well as a bespoke Computer Science classroom. Community Engagement programmes are at the very heart of what we do and, during our Community Service week, every pupil in the Senior School, engages with a COTnrnunity service activity. Our community links are strontr and, this year, we host coding workshops, cricket competitions and a girls, football festival with neighbouring schools. Facilities at the School are outstanding. Two state of the art Science laboratories provide a stirnulatino and engaging environment for students from Years 3 to I I to pursue the ever increasing range of enriching science opportunities. The installation of the All-weather sports pitch. supplemented by major changing room improvements, has si.tynificantly enhanced sportinv options especially during the winter months. Local sports clubs also benefit from the hiring opportunities that these facilities offer. Outdoor Learning forms an integral part of our curriculum and the pupils benefit significantly from our Stronv relationship with Surrey Wildlife Trust. GCSE results were outstanding again this year. Our Year I I s achieved an overall GCSE pass rate of 990/0. With a commendable 81 /0 of our pupils Craining at least one grade 7 or above. Indeed. over half of all the grades awarded were a grade 7, 8 or 9. The cohort average across all subjects was a grade 7, with gade 9 making up 13 % of the total. This is a truly fantastic achievement. Upon leaving, our pupils continue their education at a range of independent schools and excellent local sixth fom) colleges. Indeed, this year, each one of our pupils gained entry to their first choice of school or colletre. This year. we launched our Strategic Development Plan which Charts our Course frorn 2024 - 2030. The plan clearly articulates our vision. ambitious aims and strateaic pillars for the future framed within four key areas namely.. Our Pupils. Our Staff, Our Learning, Our Community and Our Environment and identifies the projects which will be the focus for the year. We are genuinely excited for the future. FINANCIAL REVIEW AND RESULTS FOR THE YEAR The results for the year under review show total incoming resources of £6,268,226 {2023-. £5,564,122) and a related deficit of £62,109 (202J.' surplus of £1 1,478). Unrestricted funds carried forward amount to £1,014.753 whilst restricted funds carried forward total £1 8,1 J4. Cash held by the School shows an increase of £416.560 over the balance at the previous year end. COMMUNITY RELATIONS AND ACCESS The school actively cultivates strong connections with the local community, recognising its pivotal role in the educational journey of its pupils. With the majority of pupils hailing from the immediate vicinity. the school embraces the responsibility of imparting a Sound understanding of the local geography, people, history, culture. and traditions. This vibrant locale is viewed as a rich educational resource, seamlessly integrated into the curriculum and various clubs and extracurricular activities. Notably, the school opens its doors and extensive grounds to local organisations, clubs. and assoeiations. often waivinu fees entirely or charoints a nominal amount. For instance, it has hosted the AGMS of the Friends of the Hurtwood and provided cornplirnentary access to local children's football and cricket clubs.

DUKE OF KENT SCHOOL GOVERNORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Member5 of the local comrnunily are valued as educational assets, frequently invited to the school as visiting speakers, authors, and educlltional practitioners. Moreover, the school actively engages With the local area through a myriad of initiatives, such as historical site visits, collaborations with local charities like Cranleigh Rotary, community concerts, trips to local rnuseums and public spaces, and projects centred around local themes, such as architectural sketching in the local high street. In the wake of reduced interaction during the lockdown. the school seized the opportunity to reassess and strengthen existing community ties while fostering new ones. This commitment is prominently featured in the school's Development Plan and has been diligently acted upon throughout the year. The school has intensified its collaborations with other local schools, inviting them on educational trips, masterclasses, workshops, sporting events and competitions. This included a shared Art trip to The Sculpture Garden in Famham, a stimulating Computer Science Coding COTnpetition and a Cricket Skills workshop. A significant development is the establishment of a dedicated Community Week, which, having now run for 2 years, is embedded in the school calendar. Here pupils devote half a day to various charitable activities, including assisting at Sayers Croft, working alongside local rangers in The Hurtwood, supporting local caregiving charities, and engaging with staff and volunteers at local nature reserves such as Knowle Park. This initiative has been recognised as 'High Commended, by the ISA for the school's outstanding community contributions during the academic year 2022-23. The school is steadfastly ¢omrnitted to expanding and enhancing this impactful project in the future. VOLUNTEERS The School continues to benefit from a thriving and very active Parents, Association, PADOK. which, during the year, raised funds through social functions for the purchasing of school equipment to the value of £9,472. FUTURE PLANS Whilst The School continues to plan for the implementation of VAT on fees from 111125, the School aims to continue to enhance its facilities and curriculum across the entire age range (Nursery to Year I l ) and to improve the extended weekday provision of an enriching, balanced and stimulating education for all pupils. keeping our focus on meeting the needs of each individual. The Head and Governors continue to carefully eonsider development opportunities consistent with the aims and ethos of the School. PAY POLICY FOR SENIOR STAFF The Governors consider the Board of Govemors , the Head and the Senior Leadership Team cornprise the key personnel in charge of directing and controlling the School. All Governors give their time freely and no Governor received any remuneration during the year, nor did they claim any expenses. The remuneration of senior staff is reviewed annually. The Governors are mindful of both national and local trends when conducting this exercise. GOVERNORS, RESPONSIBILITIES IN RELATION TO THE FINATr4CIAL STATEMENTS The Governors are responsible for preparing the Governors, report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The purpose of this stateTnent is io distinguish the Governors, responsibilities for the accounts from those of the auditors as stated in their report. Company law requires the Govemors to prepare financial statements for each financial year. Under company law the Governors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incorning resources and application of resources, including the income and expenditure, of the charitable cornpany for that period. In preparing these financial statements, the

DUKE OF KENT SCHOOL GOVERNORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Governors are required to= select suitable accounting policies and then apply them consistently observe the methods and principles in the Charities SORP make judgements and accounting estimates that are reasonable and prudent state whether applicable accounting standards have been followed, subject to any rnaterial departures disclosed and explained in the Financial Statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Governor5 are responsible for keeping adequate accounting reeord5 that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the Financial Statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the Companies Act 2006. They are also responsible for safeguardinu the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Governor5 are responsible for the maintenance and integrity of the corporate and financial infomiation included on the eharitable company's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. PROVISION OF INFORMATION TO AUDITOR Eaeh of the persons who are Govemors at the time when this Governors, report is approved has confinned that= so far as that Governor is aware, there is no relevant audit information of which the charitable company's auditors are unaware, and he or she has taken all the steps that ought to have been taken as a Governor in orderto be aware of any inforniation needed by the charitable company's auditors in connection with preparing their Annual Report and to establish that the charitable company's auditors are aware of that information. In preparing this report. the Governors have taken advantage of the small cornpanies, exemptions provided by Section 415A of the Companies Act 2006. Approved by the Board of Governors at its rneeting on 17 June 2025 and signed on its behalf. r R.A.Brocksom Chair of the Governors

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DUKE OF KENT SCHOOL Opinion We have audited the financial statements of Duke of Kent School for the year ended 31 Sl August 2024 which comprise the Statement of Financial Activitie5, the Balance Sheet, the Statemeiit of Cash Flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial staternents.. give a true and fair view of the state of the charitable company's affairs as at 31" August 2024 and of its income and expenditure for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinio We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirernents. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Governors, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the fsnancial statements are authorised for issue. Our responsibilities and the responsibilities of the Govemors with respect to going concem are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The Governors are responsible for the other information. Our opinion on the financial statements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other inforn)ation and, in doing so, consider whether the other infom)ation is matei'ially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material ineonsisrencies or apparent marerial misstaiements, we are required to detemiine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have perfomied. we conclude that there is a material misstatement of this other nfomiation, we are required to report that fact. We have nothing to report in thi5 r¢gard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DUKE OF KENT SCHOOL (continued) Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit- the information triven in the Govemors, report. which includes the Directors, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Direetors, Report incorporated within the Govemors, Report hLs been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowled(re and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors, Report included within the Governors, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion= adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not Visited by us- the financial statements are not in agreement with the accounting records and returns. certain disclosures of Governors, remuneration specified by law are noi made. we have not received all the information and explanations we require for our audit, or the Governors were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantaoe of the small companies exemptions in preparing the Directors, Report and frorn the requirement to prepare a Strateoic Report. Responsibilities of Governors As explained more fully in the Governors Responsibilities Statement set out on page 5, the Govemors (who are also the directors of the charitable cornpany for the purposes of company law) are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view. and for such internal control as the Govemors detern)ine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the Governors are responsible for assessing the charitable company's ability to continue as a (roing concern, disclosing, as applicable, matters related to going concem and usiniy the goin<y concern basis of accounting unless the Governors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable &ssurdnce is a hioh level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

REPORT OF THE INDEPENDENf AUDITORS TO THE MEMBERS OF DUKE OF KENT SCHOOL (continued) Extent to which the audit was eonsidered capable of detecting irregularities, including fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. the engaoement partner ensured that the engagcment team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. we identified the laws and regulations applicable to the School through discussions with management, and from our commercial knowledge and experience of the sector. we focused on specific laws and regulations which we considered may have a direct material effect on the fsnancial statements or the operations of the School, including the Companies Act 2006, Charities Act 2011, taxation legislation. data protection, anti-bribery, employment, environmental and health and safety legislation; we assessed the extent of coinpliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence,. and identified laws and regulations were comrnunicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the School's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by-. making enquiries of management as to where they considered there wa5 susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations, understanding the design of the School's remuneration policies. Audit response to risks identified To address the risk of fraud through management bias and override of controls, we: perfonT]ed analytical procedures to identify any unusual or unexpected relationships. tested journal entries to identify unusual transactions.. assessed whether judgements and assumptions made in deterniining the accounting estimates were indicative of potential bias- and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation- enquiring of management as to actual and potential litigation and claims,. and reviewed legal expenses for indications of non-compliance or legal action. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Governors and other management and tlie inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website it www.frc.org.u]dauditorsresponsibilitie5. This description fonns part of our auditor's report.

Stephen Meredith

Stephen Meredith (Jun 17, 2025, 4:43pm)

17 Jun 2025

DUKE OF KENT SCHOOL STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024 Unrestritted Funds 2024 Restricted Total Funds 2024 Fund5 2024 Total Funds 2023 Notes INCOME from: Donations Donations from Parent's Associ ati on 9,472 9,472 7,788 Charitable Artivities School fees receiva ble Registrati on fees 6,077,313 8,500 6,077,313 8,500 5,405,375 8,500 Other trading activities Other i ncome 150,056 150,056 132,124 Investments Bank a nd other i nterest 22,885 22,885 10,335 Total income 6,268.226 6.268,226 5,564,122 EXPENDITURE on: Generating Funds Financing costs 16,004 16,004 17,345 Charitable Artivities Teaching Welfa re 3,640,629 700,345 1,335,961 609,935 27,461 3,640,629 700,345 1,335,961 609,935 27,461 3,181,507 573,814 1,134,256 608,009 37,713 Premises Support Costs Governance costs Total expenditure 6,330,335 6,330,335 5,552,644 Net Income and movement in funds for the year 162,1091 162,1091 11,478 RECONCILIATION OF FUNDS Funds brought forwa rd 1st September 1,076,862 18,134 1,094,996 1,083,518 Funds carried forward 31st August 1.014,753 18,134 1.032,887 1.094,996 The notes on pages 14 to 22 form parts of these Financial Statements. There are no other recognised gains and losses other than the net income for the year. All operations 2nd activities are continuing.

DUKE OF KENT SCHOOL BALANCE SHEET AS AT 31 AUGUST 2024 Notes 2024 2023 FIXED ASSErs Ta ngi bl e Assets 1,314,721 1,365,360 CURRENT ASSETS Stock 8,798 236,375 1,766,776 2,011,950 7,310 155,321 1,350,216 1,512,847 Debtors Cash atthe bank and in hand CURRENT LIABILITJES Creditors: falling duewithin oneyear 11,797,1941 11,240,380) N ￿ CURRENT ASSErs 214,756 272,467 TOTAL ASS￿5 LESS CURRENT LIABILMES 1,529,477 1,637,827 CRED￿oR5 Due after moreth8n oneyear 1496,5901 1542,8311 TOTAL NET ASSErs 1.032.887 1.094.996 THE FUNDS OF THE CHARITY Restricted funds 13 18,134 1,014,753 18.134 1,076,862 Unrestri cted funds 12 TOTAL FUNDS 1.032.887 1.094.996 The financial statements have been prepared in accordance with the special provisions relating to companies subject to the Small cornpanies regime within Part 15 of the Companies Aci 2006. The financial statements were approved by the Board on 17th June 2025 igned on its behalf by Mr R.A. Brocksom Chair of the Govemors Mr S.M. Dallyn Governor rnernber of the Finanee Corn ttee Company Number 3424289 The notes on pages 14 to 22 form parts of these aeeounts. 12

DUKE OF KENT SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 Reconciliation of net movement in funds to net cash flow from operating activitie5 2024 2023 Net movement in fund5 {62.1091 11.478 Add.. Depreciation cha rge Add.. Loss on 5aleof fixed assets 271,043 1,731 116,0031 11,4881 181,0531 547,947 249,216 10,983 110,3351 518 Deduct.. I nterest received Decrease/ll ncreasel i n stock Decrease/ll ncreasel i n debtors IDecreasel/lncrea5e i n creditors 29,469 129,550 Net cash generated by operating artivities 660,069 420,879 Cashflows from investing activities Interest Income 16,003 1222,1371 10,335 1293,9331 Purchase of fixed assets Net cash used in investing activities {206.134} 1283,5981 Cashflows from financing activities Repayment of borrowing 137,3741 136,0321 Net cash provided by financing attivities 137,3741 (36.0321 Change in cash and cash equivalents in the year 416.560 101,250 Cash and cash equival ents brought forward 1,350,2 16 1,248,966 Cash and cash equivalents carried forward 1,766,776 1,350,216 The notes on pages 14 to 22 form part5 of these accounts. 13

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Duke of Kent School (the ' School.) is a charitable company limited by guarantee and registered in England and Wales. The charitable eornpany's registered number and its registered address is shown on page l. ACCOUTr4TING POLICIES Basis of Preparation The accounts are prepared under the Charities Act 201 l on the historical cost convention and in accordance with applicable accounting standards and the Statement of Reeornmended Practice on Accounting and Reportinu by Charities: FRS102 (effective from I" January 2019). The School is a Public Benefit Entity as defined by FRSI 02. The finaneial statements are prepared in sterling which is the functional currency of the School and rounded to the nearest £1. The principal accounting policies adopted are set out below. a) Going Concern Having reviewed the fundints facilities available to the School. including its future projected cash flows which have been scenario-tested, the Governors have reasonable expectation that the School has adequate re50ur¢es to continue its activities for the foreseeable future. Accordinaly, they continue to adopt the going concem basis in preparing the Financial Statements as outlined in the Statement of Governors, responsibilities. b) T2ngible Fixed Assets Tantrible fixed assets are stated at cost less accumulated depreciation. Costs include costs directly attributable to makiniy the asset capable of operatincr as intended. Depreciation is provided on all tangible fixed assets in use, on a straioht line basis at rates calculated to write off the cost less estimated residual value of each asset over its expecTed useful life. as follows: All Weather pitch (Leasehold lrnprovements) Other Leasehold improvements (Leasehold Improvements) Furniture, plant and equipment (Plant & Equipment) Motor vehicles (Molor Vehicles) Computer hardware (Plant & Equipment) 15 years 5- Ioyears 5- Ioyears 5 years 2-3 years c) Income Streams The vast majority of the School's incorne is frorn school fees. Fees consist of charges for the school year endin(F 31 August inclusive of extras (such as music and LAMDA lessons) and net of sGholarships, bursaries and discounts. All income is included in the Statement of Financial Activities (SOFA) when the School is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable the income will be received. d) Expenditure Expenditure is accounted for on an accruals basis. Overhead and other costs not directly attributable to particular activity catetsories are apportioned over the relevant categories on the basis management estirnates of the amount attributable to that in the year, either by reference to staff time or another representative metric, as appropriate. The irrecoverable element of VAT is included with the item of expense to which it relates. 14

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024 Govemance ¢ost5 cornprise the costs of running the charity, including planning costs as well as external audit, any legal advice for the School's Governors, and all the costs of complying with constitutional and statutory requirements. e) Teaching Costs Supplies of games equipment, book5, Stationery and sundry materials are written off when the expenditure is incurred. fj Pension Schemes The School contributes to the Teachers, Pension Defined Benefits Scheme at rates set by the Scheme Aciuary and advised to the Board by the Scheme Administrator. The Scheme is a multi employer pension scheme and it is not possible to identify the assets and liabilities of the Scheme which are applicable to the School. In accordance with FRS 102 therefore. the Scheme is accounted for as defined contribution s¢herne. The School also pay5 into a multi employer defined contribution personal pension scherne, administered by the Pensions Trust, for non-teaching staff. There has been a significant take up of this scheme by eligible employees under the tern]s of Auto-Enrolment legislation. g) Stock This 15 shown at the lower of cost and net realisable value after making allowance for obsolete and slow moving items. h) Debtors Fee debtors are recognised at the settlement amount after any bursaries or discounts offered. i) Creditors Trade creditors are recognised at the settlement amount after allowing for discounts taken. Fees settled in advance of the term to which they relate are reflected in creditors. Accrued expenses and other creditors are included at the best estimate of the relevant liability incurred at the balance sheet date. j) Tax The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of 8 charitable company for UK corporation tax purposes. k) Government Grants Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies perforn]ance conditions is recognised in income when the perfomiance conditions are rnet. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. j) Critical Accounting Estimates and Areas of Judgement Judgement - Dilapidations.. The long building lease contains the standard reinstatement clause. The lessor is kept fully aware of the ongoing maintenance programme, inspects the site regularly and is very satisfied io date with the programme and its execution by the school. Consequently, the school does not believe there lo be an identifiable requirement for a reinstatement provision at present.

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024 2. INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Gross School fees Less= bursaries and allowances 6,562,394 1485.0811 6,077,313 8,500 6,085,813 5,877,233 1471,8581 5,405,375 8,500 5,413,875 Registration fees 3. INCOME FROM OTHER AcfiviTIES 2024 2023 Rents and lettings Minibus Sundry income 62,823 87,233 53.199 78,912 13 132,124 150,056 4. STAFF COSTS 2024 2023 Wages and Salaries Social security costs Pension contributions 3,211,706 323,006 614,753 4,149,465 2,976.024 291,861 508,785 3.776.670 One employee received earnings in the band £60k to £70L two in the band £70kto £80k and one in the band £120k to £130k in the year ended J I" August 2024 (2023: two in the band £70k to £80k and one in the band £120k to £130k). Of these employees, the highest paid employee is in the company pension scheme and also one employee in each of the £70k to £80k and £60k to £70k bands (2023= the highest paid employee was in the company pension scheme and one employee in the £70k to £80k band}. The aggregate remuneration for key management personnel paid during the year was £422,319 (2023.. £413,982). The full time equivalent number of staff working at the School during the year ended 31 st August 2024 was 74 (2023: 72). The averatre head count of staff employed by the School during the year ended 31 st August 2024 was 102 (2023= 96). 16

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024 5. ANALYSIS OF EXPENDITURE staff Ctrsts other Depreciation 2024 Total 2023 Total DÉrect charrf(able expendtture Teaching Welfare 3.336.781 132,995 303.849 3.640.630 700.346 3.181,506 567.551 573.813 Premi5e5 190,840 874,077 271.043 1,335.960 522.075 1.134.256 Adrnini5tration of the Schctol Marketing and Publicity Governance cc15ts 435.082 86,993 34.093 515,684 9£,325 37.713 5.535,298 53.757 87,86Q 27.461 27.451 4.149.465 1,893.824 271.043 6,314.332 Financing C05t5 ank Loan Interest 16.003 16.003 17,345 Total 4.149,465 1,909,827 271,048 6,330,335 5,552,644 FinancinE Costs are 100% attributable to unrestricted funds. fjovernance Costs 2024 2023 Aud itor5 rernuneration 10,930 10.430 Legal and profe55ional fee5 16.581 27,283 37.713 27.461 Governance costs are l OOO/o allocated to charitable activities in accordance with the general apportionment of costs.

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024 6. TANGIBLE FIXED ASSETS Lea sehol d Improvements Plant& Equipment Motor Vehicles Tota I Cost or valuation (note Ibl 1st September 2023 Additi ons 2,720,679 169,901 1,326,532 42,035 1221,3021 1,147,264 16,807 10,200 4.064,019 222,136 1221,3021 4,064,853 Disposals 31st August 2024 2,890,580 27.007 Depreciation 1st September 2023 Chargefortheyear Disposals 31st August 2024 1.535.423 193,963 1,148,893 73,846 1219,5711 1,003.168 14,341 3,234 2,698,659 271,043 1219,5711 2,750.132 1,729.386 17.575 Net book value 31st August 2024 1,161.193 144.095 9,433 1,314.721 31st August 2023 1,185,255 177,638 2,467 1,365,360 All assets are depreciated at rates consistent with those detailed in Note l (b) J The Land and buildin(rs occupied by the School are held on long tertn lease- see note 14. 7. DEBTORS 2024 2023 Fee5 PfOV15ion5 Prepayments other debtors 119,5461 131.1 24 1 24.796 236,374 119,9981 101.666 73.653 155.321 8. CREDITORS . Due within one year 2024 2023 Bank LoBn INDte 101 Trade creditor5 Fees received in advance 53.377 79.422 1.288.971 33,6(YJ 77.869 145,515 118.439 1.797.193 53,377 101.193 764,447 31,2TrJ 71.657 119.584 98,922 1.240,379 Final term deposits Accruals PAYE and pensions other cred itors 18

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (eontinued) FOR THE YEAR ENDED 31 AUCUST 2024 9. CREDITORS . Due After more than one year 2024 2023 BankLoan 324,991 362.365 .866 178.600 54i.831 Pens ions Trust provision Fina I term deposits 171.6 496,591 10. BANK LOAN During the year to 31st August 2018, a fixed terni loan of £600k was drawn down. This is being borrowed from Lloyds Bank PIC at a fixed rate of 4.03 % over 15 years. 2D24 2023 Due bvithin I year Due betvseen 2 and 5 year5 Due Dver 5 year5 53,377 213.508 111,483 378,867 53.377 213.508 148,857 4%5,742 11.(a) TEACHERS, PENSION SCHEME The School participates in a multi-employer defined benefit pension scheme, the Teachers, Pension Scheme, for its teaching staff. The pension liability is the responsibility of the Scheme and as a result it is not possible to identify the assets and liabilities which are attributable to the School. The most recent actuarial valuation of the TPS was prepared as at 31" March 2020 and the Valuation Report, which was published in October 2023, confimied that the employer contribution rate for the TPS would increase from 23.60/0 to 28.6D/o frorn I" April 2024. Employers are also required to pay a scheme administration levy of 0.08 % giving a total employer Contribution rate of 28.68 %. Contributions charged to incorne and expenditure account for the year in which they are payable to the seheme. Differences between contributions payable and those actually paid in the year are either shown as accruals or prepayments at the year end. Under the definitions set out in FRS 102, the TPS is an unfunded multi-employer pension scheme. The School has accounted for its contributions to the scheme a5 if it were a defined contribution scheme. The School's contributions represent a minor proportion of the payments into the overall national scheme. The pension cost shown in the accounts represents the employer's contributions payable to the fund of £561.065 {2023.. £464,309). 19

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024 I l.(b) PENSIONS TRUST SCHEME The School also pays into a multi-employer pension scheme (The Growth Plan) administered by the Pensions Trust for non-teachincr Staff. It is therefore not possible to identify the assets and liabilities which are attributable directly to the School. Contributions made by the School to this scheme vary from 6.000/0 to 16.480/0 dependino on employee contributions. The School's contribution to the scheme in the year to 31, August 2024 was £53,688 (202J= £44,477). Each member's compulsory personal contribution is 4.00%. The School joined the scheme in 1997 and contributions from that date to September 2001 were converted to defined amounts of pension payable frotn nonnal retirement date. From October 2001 contributions were invested in personal funds which have a capital guarantee and which are converted to a pension on retiremenL nd either within the Growth Plan or by purchase of an annuity. From 2 September 2005, the rules were changed such that all multi employer schemes had to change the method of calculating any possible debt due if an employer withdraws from the scheme. This used to be calculated on the MFR (minimum funding requirement) basis but is now calculated on a full buy out basis. The Scheme has always been more than I OOO/o funded on the MFR basis but there is a deficit of approximately 40/0 on the ￿11 buy out basis. A full actuarial valuation for the scheme was last carried out as at JO September 2020. This valuation showed assets of £800m. liabilities of £832m and a deficit of £32m. To eliminate this fundincF shortfall. the Trustee ha5 asked the participating ernployers to pay additional contributions to the scheme. Under these'employer debt regulations" the latest actuarial estimate indicates that if the Duke of Kent School were to leave the Pensions Trust Scheme or had no employees remainints within the scheme, the debt on withdrawal would be £50,146 (2023= £84,067- see note 15). In order to address this deficit a recovery plan has been established by The Pensions Trust. The required deficit contributions are allocated to each participating employer in line with their estimated share of their Series l and Series 2 scheme liabilities. As the Scheme is in deficit and the School has agreed to the deficit fvnding arrangements it recognises a liability for this oblitration. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement and is as follows- 2024 2023 Present value of provision 20

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024 12. UNRESTRICTED FUNDS Balance 1st September 2023 Balance31st August 2024 Income Expenditure Unrestricted fund Prior year Balancelst September 2022 Balance 31st August 2023 I ncome Expenditure Unrestri cted fund 13. RESTRICTED FUNDS The Prize ￿nd is used to partially fund the School's expenditure on prize5. The Amenities Fund is used to contribute to refurbishment and maintenance costs. The restricted funds are held in cash. Balance 1st September 2023 Ba lance 31st August 2024 Income Expend iture Prize fund 3.449 3.449 Ameniti25 f und 14 685 18 134 Prior year Balance 1st September 2022 Balance 315t August 2023 Income Expenditure Prize fund 3,449 3,449 Amenities fund 21

DUKE OF KENT SCHOOL Tr40TES TO THE ACCOUINTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024 14. OPERATING LEASES The School holds its land and buildings on lease from the Alexander Duckham Memorial Schools Trust. The School entered into this lease with the Trust on 13 August 201 O for a tem] of ?5 years from September 2008. The School remains responsible for maintaining the property in a fit and proper condition and such costs are generally written off as and when incurred. From September 2020 the annual rent payable w&5 set at a fixed rate of £157,890 per annum for the five years commencing I September 2020. The total annual commitrnent under all leases is as follows-. 2024 2023 VithÈn Iyear % to 5 year5 Morethan 5 5reBrs 207.563 722.704 631.560 1.561.827 201.519 662.750 789,450 l.G53.719 IS. CONTINGENT LIABILITIES As detailed in note I l (b), there is a contingent liability accordina to the latest actuarial estimate of £50,146 (2023: £84,067) relating to the 'employer debt regulations, under the Pensions Trust Scheme. The School has no intention of leaving the Pensions Trust Scheme and therefore it is unlikely that this debt will crystallise. The Governors do not therefore feel it appropriate to make any provision for this amount in the accounts. The last full actuarial valuation was carried out in September 2020 and action continues to be taken by all participating employers in the Scheme to eliminate the deficit. 16. GOVERNORS, REMUNERATION No Governors received any remuneration during the year (202J £nil), nor were any of expenses incurred by them (2023.. £nil). 17. RELATED PARTIES There are no related party transactions durinu the period or balances held at year end. ?2

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