2025-08-31-accounts - Duke Of Kent School

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DUKE OF KENT SCHOOL

A COMPANY LIMITED BY GUARANTEE

ANNUAL REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED

31[st ] AUGUST 2025

Registered in England. Company No: 3424289 Registered Charity No: 1064183

DUKE OF KENT SCHOOL COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2025

STATUS AND ADMINISTRATION

The School is an independent registered charity number 1064183 and a company limited by guarantee with registered 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.Brocksom (Chair) Mr A.R.W.Balls Mrs J.S.Cropper Mr S.M. Dallyn Mrs J.Hendriksen MrD.M. Jack Mrs P .M.McKenna Mrs C.A. Wilson Mr A.B. Bond

KEY EXECUTIVES AND PROFESSIONAL ADVISERS

HEAD Mrs S.I. Knox MEd, MBA, BA (Hons) HEAD OF FINANCE & COMPANY SECRETARY Mr N. Tearle BA (Hons), Chartered Management Accountant (ACMA) PRINCIPAL ADDRESS & REGISTERED OFFICE Duke of Kent School Peaslake Road Ewhurst Surrey GU6 7NS BANKERS Lloyds Bank pie 2 City Place Gatwick West Sussex RH6 0PA 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 2025

The Board of Governors present their Annual Report for the year ended 31 August 2025 together with the audited financial statements for the year, and confirm that they comply with current statutory requirements, the requirements of the company's governing document and the provisions of the Charities Statement of Recommended 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 company is governed by its Memorandum 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 Governors determine the general policy of the School. The day to day management of the School is delegated to the Head, the Head of Operations and the Head of Finance who report either directly to the Governing Body or through sub-committees covering specific areas such as Finance, Education, IT, 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 safeguarding training.

Governors and Head

Duke of Kent School is fortunate to be served by a board of dedicated and enthusiastic Governors with a wide range of experience, expertise and talent.

Governors help to shape development strategy, advise and support the Head, scrutinise policies and ensure compliance with statutory and regulatory requirements, taking an informed interest in the work of the School. In addition to the four Governing Body meetings that normally take place each year, Governors serve on subcommittees including Finance, Education, IT, 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 global community, ready to face the challenges of the future, and to provide them with opportunities for teamwork, leadership, service and moral development. Up to July 2014, the School provided both boarding and day education for boys and girls 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 programme of educational activities beyond the core school day from 7.30am to 7.30pm, 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 form college of choice, to develop their academic and social skills to their full potential. Employability 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 fulfilling life. The strategy for achieving this is to maintain an optimal teacher-to-pupil ratio, pursue a growth mindset, 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 2025

Principal activity

The principal activity is the provision of a co-educational Day School serving the Surrey and West Sussex area.

GRANT 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 continue 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 full 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 Governors is responsible for the management 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 formal 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 in order to cover the risks and uncertainties of operating as an independent educational establishment. It is possible however that free reserves 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 educational services cu1Tently provided. In common with most independent schools, the School has negative free reserves (£191,885) 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 term deposit accounts.

REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR

Strong local demand and excellent retention have ensured that pupil numbers have continued to remain strong at Duke of Kent School this year. As of September 2025, there are 300 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 individual and the importance of personal development.

The School was inspected by ISI (the Independent Schools' Inspectorate) in January 2023. We were delighted to achieve full compliance in all areas. There were many positive comments in the report such as: "the school ethos is one which encourages pupils 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 external validation of the School's operations and performance.

The School is committed to breadth of education and therefore greatly values the contribution of Sport and Performing & Creative Arts to our pupils' development, in addition to the core subjects studied. Wellbeing and promoting the welfare of our pupils in the broadest sense remains our priority and our Well being Manager runs a full range of

DUKE OF KENT SCHOOL GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

welfare of our pupils in the broadest sense remains our priority and our Well being Manager runs a full range of activities to ensure full support to our pupils in this important area.

As a further 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 Debating as well as Public Speaking and SATRO which increases our pupils' understanding 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 community service activity. Our community links are strong 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 stimulating and engaging environment for students from Years 3 to 11 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 significantly enhanced sporting 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 strong relationship with Surrey Wildlife Trust and the newly built Outdoor Learning classroom: The Burrow.

GCSE results were outstanding again this year. Our Year l l s achieved an overall GCSE pass rate of99.7%, with grade 9s making up 19% of the total. This is an exceptional achievement. I 00% of pupils passed their Maths, English and Science exams. Indeed, over half of all the grades awarded were a grade 7, 8 or 9. A commendable 90% of our pupils gained at least one grade 7. This is a truly fantastic achievement for our pupils enabling them to move forward confidently to their first choice of school or college. We are also delighted to say that, once again, we have outperformed the strong results from last year despite the national outcomes which have seen a continued decline this year.

Our Strategic Development Plan, which charts our course from 2024 - 2030 continues to drive the School forward. The plan clearly articulates our vision, ambitious aims and strategic 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 £6,343,003 (2024: £6,268,226) and a related surplus of £19,220 (2024: deficit of £62,109). Unrestricted funds carried forward amount to £1,033,973 whilst restricted funds carried forward total £18,134. Cash held by the School shows a decrease of £475,689 over the balance at the previous year end.

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.

COMMUNITY RELATIONS AND ACCESS

The school actively cultivates strong connections with the local community, recognising its pivotal role in the educational journey ofits 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 associations, often waiving fees entirely or charging a nominal amount. For instance, it has hosted the AGMs of the Friends of the Hurtwood and provided complimentary access to local children's football and cricket clubs.

DUKE OF KENT SCHOOL GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Members of the local community are valued as educational assets, frequently invited to the school as visiting speakers, authors, and educational practitioners, for example the Cranleigh Bee society visiting the Science Department. 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 museums and public spaces, and projects centred around local themes, such as architectural sketching in the local high street.

The school continually reassesses and strengthens existing community ties while fostering new ones wherever possible. 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, spotiing events and competitions. This included a stimulating Computer Science Coding competition and a Cricket Skills workshop.

A significant development is the establishment of a dedicated Community Week, which, having now run for 3 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 Hutiwood, supporting local caregiving charities, and engaging with staff and volunteers at local nature reserves such as Knowle Park. This initiative was recognised as 'Highly Commended' by the ISA for the school's outstanding community contributions during the academic year 2022-23. The school is steadfastly committed 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 £4,971.

FUTURE PLANS

The School aims to continue to enhance its facilities and cutTiculum across the entire age range (Nursery to Year 11) 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 consider development opportunities consistent with the aims and ethos of the School. Next year, the School celebrates its 50th Anniversary and a comprehensive programme of activities and events are planned.

PAY POLICY FOR SENIOR STAFF

The Governors consider that the Board of Governors, the Head and the Senior Leadership Team comprise 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 FINANCIAL 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 statement is to distinguish the Governors' responsibilities for the accounts from those of the auditors as stated in their report.

Company law requires the Governors 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 incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the

DUKE OF KENT SCHOOL GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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 material 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 Governors are responsible for keeping adequate accounting records 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 safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Governors are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

PROVISION OF INFORMATION TO AUDITOR

Each of the persons who are Governors at the time when this Governors' report is approved has confirmed 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 order to be aware of any information 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 companies' exemptions provided by Section 415A of the Companies Act 2006.

Approved by the Board of Governors at its meeting on 13[th ] of February 2026 and signed on its behalf.

Chair of the Governors

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DUKE OF KENT SCHOOL FOR THE YEAR ENDED 31 AUGUST 2025

Opinion

We have audited the financial statements of Duke of Kent School for the year ended 31[st ] August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement 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 statements:

give a true and fair view of the state of the charitable company's affairs as at 31[st ] August 2025 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 opinion

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 requirements. 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 concern 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 uncerta111t1es 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 financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Governors with respect to going concern 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 information 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 information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine 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 performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DUKE OF KENT SCHOOL (continued) FOR THE YEAR ENDED 31 AUGUST 2025

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 given in the Governors' 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 Directors' Report incorporated within the Governors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge 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 not 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 advantage of the small companies exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.

Responsibilities of Governors

As explained more fully in the Governors Responsibilities Statement set out on page 5, the Governors (who are also the directors of the charitable company 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 Governors determine 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 going concern, disclosing, as applicable, matters related to going concern and using the going 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 assurance is a high 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 INDEPENDENT AUDITORS TO THE MEMBERS OF DUKE OF KENT SCHOOL (continued) FOR THE YEAR ENDED 31 AUGUST 2025

Extent to which the audit was considered 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 engagement partner ensured that the engagement 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 financial 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 compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
identified laws and regulations were communicated 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 was 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, and
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:

performed analytical procedures to identify any unusual or unexpected relationships;
tested journal entries to identify unusual transactions;
assessed whether judgements and assumptions made in determining 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 enqui r y of the Governors and other management and the 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 at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

26/02/2026

DUKE OF KENT SCHOOL STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

		Unrestricted	Restricted	Total	Total
	Notes	Funds2025	Funds 2025	Funds 2025	Funds 2024
		£	£	£	£
INCOME from:
Donations		11,658	28,482	40,140	9,472
Donations from Parent's Association and parents	Donations from Parent's Association and parents
Charitable Activities	2
School fees receivable		6,094,755	0	6,094,755	6,077,313
Registration fees		6,613	0	6,613	8,500
Other trading activities	3
Other income		172,366	0	172,366	lS0,056
Investments
Bank and other interest		29,129	0	29,129	22,88S
Total income		6,314,521	28,482	6,343,003	6,268,226
EXPENDITURE on:
Generating Funds
Financing costs	5	14,408	0	14,408	16,004
Charitable Activities	5
Teaching		3,705,327	0	3,705,327	3,640,629
Welfare		626,064	0	626,064	700,345
Premises		1,418,233	0	1,418,233	1,335,961
Support costs		516,560	0	516,560	609,935
Govern a nee costs		43,191	0	43,191	27,461
Total expenditure		6,323,783	0	6,323,783	6,330,335

Net Income before transfers		(9,262}	28,482	19,220	(62,109}
Transfers between funds		28,482	{28,482}	0	0
Net movement in funds		19,220	0	19,220	(62,109}
		ese
RECONCILIATION OF FUNDS
Funds brought forward 1st September	Funds brought forward 1st September	1,014,753	18,134	1,032,887	1,094,996
Funds carried forward 31st August		1,033,973	18,134	1,052,106	1,032,887

The notes on pages 14 to 23 form parts of these Financial Statements.

There are no other recognised gains and losses other than the net income for the year. All operations and activities are continuing.

DUKE OF KENT SCHOOL BALANCE SHEET AS AT 31 AUGUST 2025

			Restated
	Notes	2025	2024
		£	£
FIXED ASSETS
Ta ngi bi e Assets	6	1,225,855	1,314,721
CURRENT ASSETS
Stock		7,299	8,798
Debtors	7	1,859,718	1,442,230
Cash at the bank and in hand		1,291,087	1,766,776
		3,158,105	3,217,805
CURRENT LIABILITIES
Creditors: falling due within one year	8	(2,879,771}	(3,003,049}
NET CURRENT ASSETS		278,333	214,756
TOTAL ASSETS LESS CURRENT LIABILITIES		1,504,188	1,529,477
CREDITORS
Due after more than one year	9	(452,082}	(496,590}
TOTAL NET ASSETS		1,052,106	1,032,887
THE FUNDS OF THE CHARITY
Restricted funds	13	18,134	18,134
Unrestricted funds	12	1,033,972	1,014,753
TOTAL FUNDS		1,052,106	1,032,887

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

and signed on |s behalf by Admittee Mr S.M. Dallyn Governor member of the Finance

Mr: . Brocksom The financial statements were approved by the Board on the 13th ofFebru Chair of the Governors

Company Number 3424289

The notes on pages 14 to 23 form parts of these accounts.

DUKE OF KENT SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

Reconciliation of net movement in funds to net cash flow from operating activities

		Restated
	2025	2024
	£	£
Net movement in funds	19,220	(62,109)
Add: Depreciation charge	282,821	271,043
Add: Loss on sale of fixed assets	0	1,731
Deduct: Interest received	(29,129)	(16,003)
Decrease/(! ncrease) in stock	1,498	(1,488)
Decrease/(! ncrease) in debtors	(417,489)	(1,286,907)
(Decrease)/lncrease in creditors	(128,815)	1,753,801
Net cash generated by operating activities	(271,894)	660,069
Cashflows from investing activities
Interest Income	29,129	16,003
Purchase of fixed assets	(193,955)	(222,137)
Net cash used in investing activities	(164,826)	(206,134)
Cashflows from financing activities
Repayment of borrowing	(38,969)	(37,374)
Net cash provided by financing activities	(38,969)	(37,374)
Change in cash and cash equivalents in the year	(475,689)	416,560
Cash and cash equivalents brought forward	1,766,776	1,350,216
Cash and cash equivalents carried forw rd	1,291,087 1,766,776 a .

The notes on pages 14 to 23 form parts of these accounts.

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

Duke of Kent School (the 'School') is a charitable company limited by guarantee and registered in England and Wales. The charitable company's registered number and its registered address is shown on page 1.

1. ACCOUNTING POLICIES

Basis of Preparation

The accounts are prepared under the Charities Act 2011 on the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting and Reporting by Charities: FRS 102 ( effective from 1[st ] January 2019). The School is a Public Benefit Entity as defined by FRS 102.

The financial 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 funding 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 resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the Financial Statements as outlined in the Statement of Governors' responsibilities.

b) Tangible Fixed Assets

Tangible fixed assets are stated at cost less accumulated depreciation. Costs include costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets in use, on a straight line basis at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

use, on a straight line basis at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:	use, on a straight line basis at rates calculated to write off the cost less estimated residual value of each asset
All Weather pitch (Leasehold Improvements)	15 years
Other Leasehold improvements (Leasehold Improvements)	5 - 10 years
Furniture, plant and equipment (Plant & Equipment)	5 - 10 years
Motor vehicles (Motor Vehicles)	5 years
Computer hardware (Plant & Equipment)	2-3 years

c) Income Streams

The vast majority of the School's income is from school fees. Fees consist of charges for the school year ending 31 August inclusive of extras (such as music and LAMDA lessons) and net of scholarships, bursaries and discounts. Income is stated net of VAT.

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 categories are apportioned over the relevant categories on the basis management estimates of the amount attributable to that in the year, either by reference to staff time or another representative metric, as appropriate. Expenditure is recorded net of the VAT recovery.

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2025

Governance costs comprise the costs ofrunning 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, books, stationery and sundry materials are written off when the expenditure is incurred.

f) Pension Schemes

The School contributes to the Teachers' Pension Defined Benefits Scheme at rates set by the Scheme Actuary 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 a defined contribution scheme. From 2024, the school also contributes to the Aviva APTIS defined contribution scheme for teaching staff no longer part of the TPS.

The School also pays into a multi-employer defined contribution personal pension scheme, administered by the Pensions Trust, for non-teaching staff. There has been a significant take up of this scheme by eligible employees under the terms of Auto-Enrolment legislation.

g) Stock

This is 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 a charitable company for UK corporation tax purposes.

j) 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 performance conditions is recognised in income when the performance conditions are met. 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.

k) Critical Accounting Estimates and Areas of Judgement

Judgement - Dilapidations: The long building lease contains the standard reinstatement clause. The School undertakes an ongoing maintenance programme which the lessor is kept aware of on request. Consequently, the School does not believe there to 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 2025

I) Prior Period Restatement - Autumn term fees invoiced in advance

Due to the requirement to register for VAT from I January 2025, VAT has to be recognised when the VAT invoice is issued, which means that at the year-end fees raised in July for the autumn term are reflected as a current debtor ('Fees less provisions') with a corresponding VAT creditor and current creditor ('Fees due in Autumn term') within the Balance Sheet.

For consistency of reporting, the comparative figures have been adjusted. The impact on the prior year is that the current debtor ('Fees less provisions') increased by £1,205,855 and the current creditor ('Fees due in Autumn term') increased by the same amount. This adjustment impacts the comparatives in the Balance sheet, Statement of cash flows and notes 7 and 8. There is no effect on net funds.

m) Prior Period Restatement - Operating Leases

Following a reassessment of the lease portfolio of the School, the lease commitment note in the comparative period has been adjusted. The prior year operating lease total has been restated to increase the commitment overall by £2,662,971. This only affects note 14 and does not alter the primary financial statements.

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2025

2. INCOME FROM CHARITABLE

ACTIVITIES

2. INCOME FROM CHARITABLE ACTIVITIES
	2025	2024
	£	£
Gross School fees	6,580,237	6,562,394
Less: bursaries and allowances	(485,482)	(485,081)
	6,094,755	6,077,313
Registration fees	6,613	8,500
	6,101,368	6,085,813

3. INCOME FROM OTHER ACTIVITIES

	2025	2024
	£	£
Rents and lettings	68,297	62,823
Minibus	95,731	87,233
Sundry income	8,338	0
	172,366	150,056

4. STAFF COSTS

4. STAFF COSTS
	2025	2024
	£	£
Wages and Salaries	3,324,013	3,211,706
Social security costs	368,270	323,006
Pension contributions	669,307	614,753
	4,361,590	4,149,465

Three employees received earnings in the band £60k to £70k, one in the band £80k to £90k and one in the band £11 Ok to £120k in the year ended 31[st ] August 2025 (2024: one in the band £60k to £70k, two in the band £70k to £80k and one in the band £120k to £130k). All of these employees are in the company pension schemes (2024: the highest paid employee was in the company pension scheme and one employee in each of the £60k to £70k and £70k to £80k bands).

The aggregate remuneration for key management personnel paid during the year was £459,038 (2024: £422,319).

The full time equivalent number of staff working at the School during the year ended 31st August 2025 was 80 (2024: 74).

The average head count of staff employed by the School during the year ended 31st August 2025 was 107 (2024: 102).

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2025

5. ANALYSIS OF EXPENDITURE

	Staff Costs	Other	Depreciation	2025 Total	2024 Total
	£	£	£	£	£
Direct charitable
expenditure
Teaching	3,547,362	157,965		3,705,327	3,640,630
Welfare	141,490	484,574		626,064	700,346
Premises	225,956	909,457	282,821	1,418,233	1,335,960
Administration of the School	409,066	30,306		439,373	522,075
Marketing and Publicity	37,716	39,471		77,187	87,860
Governance costs		43,191		43,191	27,461
	4,361,590	1,664,964	282,821	6,309,375	6,314,332
Financing Costs
Bank Loan Interest		14,408		14,408	16,003
Total	4,361,590	1,679,372	282,821	6,323,783	6,330,335
Financing costs are 100% attributable to unrestricted funds.
Governance Costs				2025	2024
				£	£
Auditors remuneration				13,324	10,930
Legal and professional fees				29,867	16,531
				43,191	27,461

Governance costs are 100% 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 2025

6. TANGIBLE FIXED ASSETS

6. TANGIBLE FIXED ASSETS
	Leasehold	PI ant &	Motor
	Improvements	Equipment	Vehicles	Total
	£	£	£	£
Cost or valuation (note lb}
1st September 2024	2,890,S80	1,147,264	27,007	4,064,853
Additions	116,234	77,721	0	193,955
Disposals	0	(6,572)	0	(6,572)
31st August 2025	3,006,814	1,218,413	27,007	4,252,236
Depreciation
1st September 2024	1,729,386	1,003,168	17,575	2,750,132
Charge for the year	197,728	82,971	2,122	282,821
Disposals	0	(6,572)	0	(6,572)
31st August 2025	1,927,114	1,079,568	19,697	3,026,381
Net book value
31st August 2025	1,079,700	138,845	7,311	1,225,855
31st August 2024	1,161,193	144,095	9,433	1,314,721

fil All assets are depreciated at rates consistent with those detailed in Note l(b) hl[The Land and buildings occupied by the School are held on long term lease ][-][see note 14. ]

7. DEBTORS

DEBTORS
DEBTORS		Restated
	2025	2024
	£	£
Fees less provisions	1,647,713	1,186,309
Prepayments	119,654	131,124
Other debtors	92,350	124,796
	1,859,718	1,442,230
8. CREDITORS : Due within one year		Restated
	2025	2024
	£	£
Bank Loan {Note 10)	53,377	53,377
Trade creditors	118,713	79,422
Fees due in Autumn term	1,955,252	2,494,826
Final term deposits	41,600	33,600
Accruals	180,233	77,869
PAYE and pensions	152,133	145,515
VAT creditor	327,070	0
Other creditors	51,393	118,439
	2,879,771	3,003,049

8. CREDITORS : Due within one year

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2025

9. CREDITORS : Due after more than one year

	2025	2024
	£	£
Bank Loan	286,022	324,990
Pensions Trust provision	5,160	0
Final term deposits	160,900	171,600
	452,082	496,590

10. BANK LOAN

During the year to 31 st August 2018, a fixed term loan of £600k was drawn down. This is being borrowed from Lloyds Bank Pie at a fixed rate of 4.03% over 15 years.

	2025	2024
	£	£
Due within 1 year	53,377	53,377
Due between 2 and 5 years	213,508	213,508
Due over 5 years	72,514	111,482
	339,399	378,366

11.(a) TEACHERS' PENSION SCHEME

The School participates in the Teachers' Pension Scheme ("the TPS") for its teaching staff The pension charge for the year includes contributions payable to the TPS of £576,105 (2024: £561,065).

The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers' Pensions Regulations 2010 (as amended) and The Teachers' Pension Scheme Regulations 2014 (as amended). Members contribute on a "pay as you go" basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report was published in October 2023. The Valuation Report shows notional assets of £222.2bn and liabilities of £262bn, resulting in a scheme deficit of £39.8bn.

The employer contribution rate for the TPS is 28.6%, and employers are also required to pay a scheme administration levy of0.08% giving a total employer contribution rate of28.68%.

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2025

11.(b) PENSIONS TRUST SCHEME

The School also pays into a multi-employer pension scheme (The Growth Plan) administered by the Pensions Trust for non-teaching 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 6.00% to 16.48% depending on employee contributions. The School's contribution to the scheme in the year to 31[st ] August 2025 was £53,398 (2024: £53,688). Each member's compulsory personal contribution is 4.00%.

The School joined the scheme in 1997 and contributions from that date to September 200 l were converted to defined amounts of pension payable from normal retirement date. From October 2001 contributions were invested in personal funds which have a capital guarantee and which are conve1ied to a pension on retirement, either within the Growth Plan or by purchase of an annuity. From 2 [nd ] 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 100% funded on the MFR basis but there is a deficit of approximately 4% on the full buy out basis. A full actuarial valuation for the scheme was last carried out as at 30 September 2023. This valuation showed assets of £5 l 5m, liabilities of £53 lm and a deficit of £16111. To eliminate this funding sh01ifall, the Trustee has asked the participating employers 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 remaining within the scheme, the debt on withdrawal would be £53,524 (2024: £50,146 - see note l 5).

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 1 and Series 2 scheme liabilities.

As the Scheme is in deficit and the School has agreed to the deficit funding arrangements it recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement and is as follows:

	2025	2024
	£	£
Present value of provision	8,720	2,127

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2025

12. UNRESTRICTED FUNDS

==> picture [382 x 149] intentionally omitted <==

----- Start of picture text -----
||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Balance 1st|Balance 31st| |Sept 2024|Income|Expenditure|Transfer|Aug 2025| |£|£|£|£|£| |Unrestricted fund|1.014.753|6,314.521|6,323.|[7]|83|2..8..d.82...|1.033.972| |Prior year| |Balance 1st| |September|Balance 31st| |2023|Income|Expenditure|Aug 2024| |£|£|£|£|£| |Unrestricted fund|ome|1.076 862|Sms|—|6.268 225|Fe|ee|6.330.334|—|>|=|1,014,753|won|

----- End of picture text -----

13. RESTRICTED FUNDS

The Prize fund is used to partially fund the School's expenditure on prizes. The Amenities Fund is used to contribute to refurbishment and maintenance costs. The restricted funds are held in cash.

Restricted

==> picture [382 x 178] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |Balance 1st|Balance 31st| |Sept 2024|Income|Expenditure|Transfer|Aug 2025| |£|£|£|£|£| |Prize fund|3,449|3,449| |Amenities fund|H..6.8..5...|2..8..d.82...|(28.482)|H..6.8..5...| |2..8..d.82...|(28,482)| |Prior year| |Balance 1st|Balance 31st| |Sept 2023|Income|Expenditure|Transfer|Aug 2024| |£|£|£|£|£| |Prize fund|3,449|3,449| |Amenities fund|H..6.8..5...|H..6.8..5...|

----- End of picture text -----

DUKE OF KENT SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2025

14. OPERATING LEASES

The total annual commitment under all leases is as follows:

		Restated
	2025	2024
	£	£
Within 1 year	393,479	231,673
ltoSyears	1,462,205	1,424,196
More than 5 years	2,235,666	2,568,929
	4,091,350	4,224,798

15. CONTINGENT LIABILITIES

As detailed in note 11 (b), there is a contingent liability according to the latest actuarial estimate of £53,524 (2024: £50,146) relating to the 'employer debt regulations' under the Pensions Trust Scheme. The School has no intention ofleaving 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 2023 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 (2024: £nil), nor were any of expenses incurred by them (2024: £nil).

17. RELATED PARTIES

There are no related party transactions during the period or balances held at year end.