ST RONAN'S SCHOOL (HAWKHuR￿) (COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 I￿JuLy 2022 Registered number: 3419744 Chority numbor. 1066420 Sl Ronan's School (Hawkhurstl Govtmor$' R•port lor lh• y￿r •ndad 3111 July 2022 CONTENTS of Ihe Financial Statemen15 for ihe Yeuw Ended 315t July 2022 Trustees, Offkers and AdYisors......-........-.-......---.....--.......---...--. Reference ond AdmInIstra￿ve Infomiotion........ Objects, Pvblic Benefh, Alms ond Princlpol Actlvltles..-.-.....-.-.... Structure, Governance ond Management........_............-._......-. Prlnclpol Rlsks and Uncertainties..--........-.-.......--.......--.......--.....--.--.... Employftv)t policy....-........--........--........--......-.-......--......-.--.....-- Reserves and Going Concern .........................................................-.... Rev*w of Athlevements ond Performance.....---....--.-......-.-......-.--...... Fingncial Revi•w und Resulis for 1he Year.-...---.....--.-...---....... l O. Future Plans.-.-...........................-..........--.......--......--.......---.....--... .. Statement of Governors, Responsibilities. 12. Small Compat7ies Provision.-.......--.......- 13. Independent Avditor's Report................-.-.......-.........-.-.......................... 14. Siotement of Financial Adivities Ilncorporollng un Income ond Expenditure Accountl17 15. Balance Sheet........-.-.......-.-.....--.-.......-.-.......--.....---......--.......- l O. Cush Flow Stotement..................._..........................._................-.. .. 17. Accountlng Policies. 18. Notes to the Financial Statements...........-..........-.........-....................-.......-. ..20 .23 Rothtsn's Stho•l IHawkhur611 G•v•rn•ts' Reporf for IhÈ y￿r •nd•d 31 11 July 2022 1 . TRLISTEEfj. OFFlf.FRS ANr) Ar)Kiisop< The Govemors of 1he charlty, who are also the Company Dlrectors und the Tnjstees of the School, who served durlng the year were: . Commltlees Isee section 41 H&SI Dr S P Butler-Gollle MB ChB MRCGP Prof K Dacre BA MA PhD Vlc•-Chtslrmtsn Mr C S Langer BS4 DlpARCH RIBA, IHBC Mrs J Lowe BA (Plons, Cert Edl MrJCBLvtusMA Mrs G E Macleoy BA (Hon51 Mr D Oliver MPhll Mr N Phillis MA Mr A Ross BA (Honsl Cholrnion hlr B A Seion b5¢ IEconl Mr N P Sladden FC4 DChA, BFP Mrs E A Worthington BA PGCE MA F&GP4 F&GP4 F&GP4 R5 l M¢¥hh & Sgf•tYi 2EJtotes. 3 CvrrioJlvm. 4 Anantt & General Pvrp05e5. SExeorflv¢ ReM￿troll￿ 6sofegL￿rding Officers Icvrrently and ihToughout tho year) Mr W Trelawny-vernon Bsc IHonsl Headmoslpr Mr D Ansell BA (Honsl Bursar and Company Secretory Professional Advisor5 Auditors: haysmacintyre LLP, I O Qveen Street Place, London EC4R I AG Bankers: Natwest, Cronbrook Branch, High Stre?t, Cronbrook, Kenl, TN17 3EJ Allled Irish Bank IGBI, 20-22 Marlborough Place, The Lanes, Brighton, BN I I UB Svensko Hondelsbanken AB, 7-9 Church Road, Tvnbridge Wells, TNI I HT Soli¢it•r$: Farrer & Co., 66 Lincoln's Inn Fields, London, WC2A 3LH Veale Wasborough Vizard5, Narrow Quoy Hov5e Narrow Qvayj Brlslol BSI 4QA Principal Addre55 Solnt Ronun's School, Woter Lane, Hawkhursl, Ke￿ TNI 8 5DJ Website: ww. intron St R•non's Scha•l (Hawkhur￿l G•vtrnors' R•porf foi th• y•ar end•d Jl # July 2022 Rr.rrTrrYr. r A N'l Aiiiil l N ISTPI.A TIIAF I NFO-_I r￿lA-1p,y Soint Ronon'5 School IHowkhvrst} I'ihe School'l wos founded In 1883 and was constituted as a ¢I￿rItable company* limited by guarantee, on 14 August 1997. The Company reglstroil¢n number is 347 9744 and It does not have ony share capltal. The Ilablllly of the Dlrector$ Is Ilmlted to £1 each. The School is o Charity ond its registration number isl 066420. The Sch¢)ol operates in premises ond on land which are leased f rom Tongswood Estate Limited ITELI for which it poys rent. The lease requlres the Sthool to mointoin the property and estate as well as providlng all the equipment and fumiture neeessory for the running Of the School. TEL is the sole Trustee of the Harris Will Trusl Icharily number 2777191. The Harris Will Trust was fomied upon the death of a forrner proprietorial Headrnaster to provide inler olia premises ot Water Lane, Hawkhursl as long us the School remains 0$ a preporatory school with 5imilor uims and ethos lo those at the tlme ot the forniatlon of the Harrls Will Tru￿ in 1957. 3. OBJECTS, PUBLIC BENEFIT, AIMS AND PRINCIPAL AcTIV]TIES The Object of the Charltable Compuny, In accordance wlth Its men￿randUm ond Articles of Assoclation, is to advance the educalion of children ai Saini Ronon's School and to corry ovt such legol octivitles as may aid in any way the educational aim of the School. in furtheronce of thls Object the Directors, os the Churity Tnjstees, hove complied with the d￿Y in Sl 7 of the Charities Act 2011 to have due regard to the Charity Commission's publlshed general and relevunt subsector guidonce cancemlng the operotion of the Public Benef it requirement under that Acl. Principal Activity ond In¢ome 5ouices saint Ronon's School's prlncipal activity tontinued to be thai of a eo-edvtailonol doy and boarding sch¢)ol for 3 10 13 year old children. The School's principal sourc• Of Income 1$ f rom school fees. Ethos The Sthool has a distinclivè character ond it is this chorm, this moglc, that people fall In love wlth. It is a family school with an infornial and happy atmosphere where staff ore pproachable ond mud unremorkoble. In o world where chlldren seem to grow up aver faster, Sawrt Ronan's provides a hoppy •nvironment for childr•n to remain just that. We want the children to enjoy school, relish the oppor1vnities offered ond be Inspired kn work hard, to be kind* gentle, courteous and honest. Core values for Pupils Ovr motto, Floreoi Soinl Ronon's, meons "Let Stsh￿ Ronon's flovrlsh" Centrol to this are the School's core valuesi- Whot Really Matters We are genile - we don't hurt others We ore kind and helpful - we don't hvrt anyl>ody's feellngs We listen - we don't Interrupt We are hone￿ - we don't cover up the tnth We wot* hord - we don't waste our own time or others. We look oftar property - we don't waste or damage things Sl Ronan's Sehool IHgwkh¥rsll G•v•rn•rt' R•porl for *h• year ended 31$1 July 2022 Ronian Characteristics In addition, we recognise, rewords ond promote these Roniun Charocteristics: Empathy:. We put ourselves into the position of others and try to see and feel thin95 from thelr pohi of wlew. Aworèhess:. We make sure we know whol is needed from us and how we con be most helpful to others. Perseverance:_ We keep trylng to create our best, even when we flnd thlngs dlfflcvlt. Cvrloslty:. We ask questions and want to learn more. Imoginailon:. We thlnk for ourselves and creote new ideus. Co-operation:. We work kngether as o leoming team. Saint Ronan's Strategir Aims are: To provide the children with an excellent all-round odvcotion with o $vitoble range of curricular and extro21 Stanley Harris Scholarshlp | Means Tested Bursories Music Scholorships Slbllng DiSC¢￿nts Mililary Discounts £29,385 £34,765 £212,804 £731,040 £6,514 £7,071 £53,050 £45,579 £0 £5,244 20 The Stonley Harris S¢holarshlp rs a non means tested award glven, on entry• for excellence in either ocodemic obilityi Sport, art or mvslc. Meons tested awords gre detemilned by the Scholarship & Bvrsory Sub-committee (Heodmosler, Bursar and Chaimian of Governtsrsl following an examination of means and a horrt visli by an Independent assessor. In the Summer Temi of 2022 there were 30 thlldren receiving such awards, attending the School when they would oihefwise have been unoble. In ordèr lo preserve continuity of edvcotion, means tested awards may be granted in case5 of hardship. Fee assistance, which is funded entlrely from fee Inco￿, accounted lor 4.1 0/0 of the School's total fee income. To wlden public octess to the School further in Coses where the School was mable to help f inanclally& fomllles were/are odyised of other Educthlonal Trusts that might be able to help fund their children's edvcoti¢)n. Teothing Stoff wlth thildren at the School olso benefited from fee support whlch further redtjced gross annuol fee income by £222,99912020-21: £258,179). The lotol cost of such grant moking by the School was £513,200 {2020-21: £481,878) in reduced fee income. Parents of all Nursery age children and a number of those with children in Receplion recelve slote old though the Govemment's Early Years Free Entitlement scheme. Volunteers The Frlends of Salnt Ronan's (FOR, the School's Parents, Associotlonl contributed £6,579 to sthool funds in the post yeor through their fund-roislng aclivitie> The Govemors would like to take thls opportunity to thank all those parenls who gove so freely of thelr tlme in th¢ pq5t yeur. TheÉr continued support is highly valued. R•nan's S¢hool {Hqwkhurstl Go¥emors' R*port ltrr tho y•qr •nd•d 3111 Jvly 2022 Tr?1 Tllli'fj.. OOVERNANCE AND MANAGEMENT Gov•rning Documenl The Compony Is govemed by Its Memorandum and Artlcles ol AssocSatl¢)n. Governlng Body The Trv5tee5, who are ulw the Dlrectors for the purposes of company law. ocl as the Goveming Body of the School and are referred to as the Governors. They are eleded ot the Annual General Meeting following their co-option by the Full Board. The Chairman of the Governors maintalns a malrlx of deslrable governor skills, which is reviewed ￿ every meeling. The Chairnian is elected by the Board and may hold office for up lo nine ye¢rs. The Chair5 of prlncipal commillees are elected annually• and incumbenls may $tand for re-eledion. After a Governor has served 3 consecutive *erms in off ice, they sholl be eligible for re-election only Ofter o yeor hus elopsed slnce he or she retired as Governor, unless the Bocrd con51ders It wovld be in the best interests of the Churliy for o Govemor to be eligible for re-eledlon on Ihelr retirement for wch number of further temis os the Boord sholl resolve. Gov•rn•r Trqining New Governors orè inductod into the workings of the School, Including Governlng Body policy and procedures, by the Head. Bursar and, as uppropriote, other xhool staff. &>me Govemors olso took odvonl¢ge during the yeor of the opporlunity to undertoke troinlng orronged by the Associotlon of Govemlng Bodies of Independent Schools IAGBISI, The Independent Schools, Bvrsors Associolion IISBAI ond by the Boarding Schtsols. Assoclolion IBSAI. The pvrpose of the troining 15 to keep Governors infomed and updated on current lssves in the 5eclor and regulatory requirements. Organi5ational Managem•nl The Governors, who meet as o Board at least three times o yeor, ore legally responsible for the overall management and control of the School. In uddilion, there are five pem)onent svbyment conditions elsewhere. Group Sirudur• and relationships Saint Ronan's School (Howkhurst) Is limlted by guarantee and is o registered chority. Salnt Ronun's is an octive member of ISBA and the AGBIS, whlch are constltuents of the Independent Schools Council IISCI. li is olso o member of the BSA. The Head is an active member of the Independeni Assoclotlon of Preparotory S¢hool$ IIAPSI. These organisutions exist to promote and mointain high standords generally in independent educolion. 5. PRINC.IPAI RI4K_£ ANF:. LJIAI. INTIFS The School's actiyilies ore kepl vnder regular revlew by Governors and Senior Management, ond ottention is giyen to any risks which moy arise. Rlsks ore mopped ond discussed, wilh 5tep$ token to mlnlmlse their occurrence and polentlal Impacl on the continued succe55 of the School. The risk mop is fomially reviowad anrwally. The principal risks identified are: Finonciol wcertolnty caused by geo-political event5 The re-emergence of the COVIDI 9 PandemK Fullure to dellver the School's staled olms Foilure to atProcl and retain hlgh quollty stoff The movement of children io local Grammar Sch¢)015 wlih the reduction In entry age from 13 year5 to I l years. Foilure lo comply wlth Chority Commlsslon or Independent School reqvirements Risk of cyber-attack on IT systems and doto and the potential of f inoncial f raud CatuslrophFC evenls whith could couse slgnlfl¢ant domage to the School's premlses: for exomple, flood or flre Perwnol Health ond Safety risks, such os a major accident involving the School's pupik and/or stoff Increasing costs of Teo¢hers' p￿s1On$ Contsibulions Decline in pvpil numbers Rising input costs St RonoTh'5 Scho•1 (Hawkhursll Governors. Report for lh• y•av •nd•d 3111 July 2022 The most signlficont potentiol risk 15 c decline in pupil numbers. This may be caused by any combination of a fall in the number of children attending independent prepar¢tory schoo15, due to motlers of parentol offordobllltyl competlng offers f r<)m other 5choo15, economic uncertoinly or pressure, chonges In leglslatlve or chorlty regulation& The key contro15 Used by the Governors include: Fonnol 09endas ond briefing papers for committee and sub-commlttee meetings Verbal vpdates f rom slaff Strategic and business planning Budgeting and management otto￿11n9 Cleor ovthorlsotlon and approvol levels Vetting procedures a5 required by law for lh• proleclion of children 6. EMPLOYMENT POLICY The Sthool is on equal opportunliles employer and recognises the wealth of experience amongst its staff and encourages participation by them in making decisions Ilkely to affect their intere$ls. These lake the forni of regular slaff meetings, Heod of Department Meetings, Deparlmenlal Meetings, 1883 Meetings lo staff forum) or exceptional meetings a5 and when deemed nece550ry. Staff are briefed ot the beginning of each ierni on building works which have been completed and of strote9ic declslons belng consldered. 7. RLSF.RVFs AND GOING CONCERN In common with other independeni sthools, Soini Ronon's School has, over the year5, invested Its surpluses into mainlaining the fabric of the estate and improving the educational fuclllties. At the year-end, St Ronon's hod totol funds of £3,665,277, Oll of whlch wos unreslricled12021: £4,044,337 totol fvnd$, of which £4,042AI I wos vnrestricledl. This fvnd is analysed on page 29 und Is princlpally composed of £4,544.830120211 £4A95,3211 of flxed assets offsei by debi. The Govemors monage and monitor the financial strengih and reserves of the School on o termly bo5is vio munogement accounts und cash flow forecasts prepared by the &ursor. Finantial budgets and forecasts have been prepared for the periods to 31 $1 July 2027. A key component of the School'5 f inancial performance is pupil numbers. whlch continued to be ol u hlgh leyel in September 2022 thereby providing a high degree of certulnly tor a positive financial operating result in the f inaneial year lo 31 July 2023. The School holds o cash reserve and an overdruft facility to ensure that thero qre Suff icient liquid knds ayailoble to meel ony shortFoll arising f rom short term fluclvutions In its Income ond expenditure operthlng models and to glye Sufficient lo take the necessory corrective ocilon. The Govemors hove a policy of bulldlng up o cosh reserve to ensure that there are sufficieni liquid funds availoble lo help deal wlth ony wexpecled flnanclal slress In the future. In maklng thelr golng concern assessment the Goyemors have consldered a perlod of ot least 12 months following the dote of approval of this report and detennined that there ore no moterlal uncertainties about the khool's obility to continue as o going ccffltern. The remolnder of the fvnds held by the School ore represented by the Investment the Sthool has made in the fabric of the buildings ond other Sthotsl asset5. Sl Ronqn'i School (Hawkhursll Goveinor5' R•porl foi lh• y•gr end•d 3111 July 2W12 8. RF.VIEW OF ACHIEVEMENTS AND PERFORMANCE Pandemi< COVID-19: The Sthool has had to adapt COll5tontly during the year to the chunglng threat und the occompanylng guldance updates from ihe Govemmenl ond DfE. Thi$ brought about many changes to the operotional framework and practices the School employed, especially wlth the arrlval of the Deho and Omi¢ron Yoritsnts. Enhanced cleonlng reglmes were mointuined, especially to touch points. These meowres proved successful in limiting the number of COVID-19 cases. In line with national guldonce, the School remalned open during ihe whole yeur. There were notable spikes in coses during the aulurnn ond winter periods, which adversely offected both pupil ond teaching populotions. The lalter coused some turbulence to less¢Jns that required cover to be provided on a regular basis. During the yeor the School hosted local health teams and mony the Year 7 und Yeor 8 oge gr<)ups were vuttlnoted. Through0￿ the period Governors ond SMT met regularly. Risk assessments were drown vp and reviewed wlth meosvres implemented to make Soint Ronon's u COVID-19 Secure workplace, 0$ per the ever-chonging gvidonce. Operational PgrFom)un¢e of the School In o Similar way to last yeor, the School, Its staff and pupils rose wonderfully lo wh¢tever chtsllenge was thrown their way throughoul the year. Sixty-four children left the School and secured ploces ol twenty different senior schools, omussing twenty-slx scholorships. Highlights included the wonderful Floreoi Concert ot the end of the Spring Temi and the relurn of many regular School events, such as Thè Feast and Founders. Doy. Havlng been named TES Prep School of the Year in Spring 2021, we were also dellghted to have been shortlisted for several other presligious award5. Wt were a f inallsi In Tolk Educotion's 'PO￿or01 Core ond Wellbeing. ¢wurd,. MtKldy Siilemos 'Be￿ Sense of Humour, tsnd 'Best Experiential Leaming, awords; ond shortlisted for IrKlependent School of the Year 'Performing Arts,, 'Prep School of the Year. ond 'Pre-prep S¢hool of the Year, owards ond 'Green Award for Environmèntol Athievemenl,. The School wenl onlo be o finalist in the 'Perfoming Arts. award. In May 2022 the School finolly received the overdue call to notify us of our ISI combh￿d EQI and RCI Inspectlon. h was pleasing that this resulted In full complionce with oll slcndord& and on 'Excellent' rating in both ar￿$ of Educatlonal Quality. In odditlon, the School wus able to complete the redevelopment of the Couch House (science classroom51. This projed hos signif icontly enhanced the teaching provision, with two new top of the runge science laboralorie5 and accompanying preporation room The Governors wish to thank the Headmaster and all staff for their incredible effort during the year, and the pupils ond parents for the way they have wpported the School through this turbulent period. Si Ronan's S¢h•¢l (Howkhursll GoveTnors' Report fai lh• yeav ended 3111 July 2022 9. FI'J4Nf.IA' [RFIIIFv￿ ANFI RFTLILTfJ FOR TI.IF YFAR The Sdiool slort•d the yeor with Very Strong pupil numbers, which alforded a good deal of flnancial stability. This has been teskd during the yeor with the energy crisi$, supply chain issues, other impacts of the war in Ukraine and the consequent cost of living cri515. Dve olso to the number of COVID-19 related stoff obsences, o slgnlflcant cost was Incurred to provide cover, as well os maintain the strngent COVID-19 cleoning ond medlcol regimes needed io proteci the communlty. These factors led to on operating d•ficit loft•r d•preciotionl of1£379,061 I for thè full year 10 31 July 2022 and the School tronsferred funds f rom the School's Reserve5 to en5vre the fvll program of copllol works could be completed. Durlng the eourse of the year the School continued to offer forbeoronce to o number of parents whose Income had been dlsrupted primorily due to the pandemlG Solnt Ronan's School also had a significonl impact on the local econorny. As measured by the Independent Schools. Council Economic Impact T¢)tsl the School: 5vpported 205 lobs both wlihln the School and In the School's wpply chaln Generated £l.4 million of tox poyments to the Extheqver I O FLITLIRE PI ANS Tha School has now ¢dopl•d th• 2022-27 D•v•lopm•nt Plan, which has four main target areas whlch cover every ospert ef the School's operations: Ensuring Contlnved Regulatory Complian Promoling Excellent Pupil Achlevement Promoting Excellent Pupil Person¢1 Development Promoting Excellent EcI￿¢)MI¢ Health Improvements have been Idemlfied by the School's management team for each of the torget areas and actions needed for improvement documented. Progress towards etsch torget 5$ reviewed regularly and an unnual report made to Ihe Governors. Highlights of the development plon include: Continued development of the School's Postoral Care system TO Continue to improve and mainloin the very high standard of teaching throughout the School Further improve links wlth locol stote sd)ools and communty Contlnue to develop the Sthool's IT provision Refurblshlng the Sioble Block (Cooch Housel lo provlde 2 further stote-of_the-art loborotories Further improvements to the School Fam) Improvemenis in the boarding provision The constrvrtion of o new dining room Provision of increased mv$ic and pre-prep t•othing spoce Sl *oTrun's S¢h••l IHuwkhur•ll Govwnor5' Reporf Fov the yeui ended 87￿ July 2022 STATF.IAENT OF C,n,IlFRN•R.£' Po,N£]￿ll..'TIEfj The Govemors aro r•sp¢nsibl• for preparing th• Govemor$ Report Qnd Ihe financiul slatemenls in accordance wilh applicable law and United Klngdom Accountlng Stondards (United Klngdom Generally Accepted Accounting Praclicel. Compony law requires the Govemor5 to prepare financial statements for each financial year which glve a Irue and folr vlew of the state of offalrs o* the choritoble compony. This will Show the incoming resovrces and opplicalion of resources, including the income ond expendllure, of the charity for that perlod. In preparlng these flnonclal stotements. the Govemors are required tr. Following advice from the School's occountants. to elect witable acc¢>mtlng policies ond then opply them conslstenilyl Observe the methods ond prlnciples in the Chorities SORPI Moke Ivdgements ond estimates thot ore reasonuble and prudent; Stole whether upplicoble UK Accounting standards hove been followed, wbjeet to ony material deporbJres disclosed and explained in the financial slotements," and Piepore the f inonciol statements on the going concern bg5is vnless It Is inapproprfale to presume that the tharitable company will COnt￿e in business The Govemors are responsible for keeping ud•quat8 accounting records that are sufficient to show and expluln the School's transactions, disclose wilh reosonoble occurocy at any time the financial position of the charitable Company and enable ihem lo ensure that the financial statements comply wlth the Companies Act 2006. They are olso responsible for sofegvardlng the ossets of the tharltabl• Company and hence for taking reasonable step$ for the prevention and detection of frovd and other Irreguloritle So far os eoch of the Go¥err￿r$ is owore ot the tlme the report Ss approved: There Is no relevanl audlt Infom)ailon of whkh ihe charltable Company's ovdhor 15 vnawore,. and The Governors have taken all sleps ihat they oughi io hove taken to make themselves owore of any relevant audit information and to estoblish that the avdhor 1$ awarè of Ihal infomiation. 12. SMAI..I_ COMPANIES PROVISION This report hos been prepared in accordance with the special provi5ion$ for small ￿PanIeS under Port Vll of the Compunies Act 2006. Approved by Ihe 8oord of Govemors at its meeling on 22nd November 2022 ond slgned on it beholf by: ew Ross, Chalrmtsn St Rohdrt's S¢hool (Hawkhursll Stql•m•nl ol Finantial Acliviliei for lh• y•ar •nd•d 310July 2022 13. INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST RONAN'S SCHOOL (HAWKHURST) Opinion We hove oudited the finonciol stotements of St Ronan's School (Hawkhurstl for the year ended 31 July 2022 whlch comprise the Stotement of Finon¢lol Actlvities, the Balance Sheets, Ihe Cash Flow Statement and note5 to the financial stalement5. including a 5ummury of signlficonl occounling poll¢les. The financial reporting frarnework thai has been applled In their preparatlon Is applicable law and United Kingdom Accounling Standards, inclvding Financial Reporting Stondord 102 The Finonciol Reporting Stsndord opplicoble in ihe UK and Republic of Ireland Iunited Kingd¢)m Generully Accepted Accounting Proctic•l. In ouy opinion, the f inancial statements: glye o true ond fair vlew of the slute of the charitable compony's affoirs US ot 31 July 2022 and of the tharitoble Company's net movemeni In funds, Inclvding the incone ond expandilure, for the year then ended. hove been properly prepored in accordance with Uniied Kingdom Generally kcepted Accounting Prottlce," and haye bwb pr•pared in accordance with the requlrements of the Companies Act 2006. Basis for opinion In uuditing the finoncial statefflents, we huye ¢on¢lvded that the trustees. us• of the going concern basls of accountlng in the preparation of the financiol 5totements is opproprlole. Based on the work we have performed, we hove not Identlfled any moterlal vncertointies reloting to evenls or conditions thal, individually or collectively• muy cast slgnlfScont doubt on the charitable compony's obility lo continuo 0$ a going ccncern for o period of ot least twelve months from when the flnonclul statements ore outhorlsed for Issue. Our responslbllltles and the responsibiliiles of the trustee5 With respect to going conc•rn oro described In the relevont sttilons of thls report. Con¢lu$ion$ reluting to going ¢on¢ern We conducted our oudlt In accordancè with Intarnalionol Siandords on Audiling IUKI11SAs IUKII and opplicable law. Our respon5ibililies vnder those standard$ are further deKribed in the Audlior's respon5ibililies for the ovdii of the flnonciol stotements section of our report. We are Independent of the Charily in accordonce with the eihicol reqvirements thot ore relevant to our oudit of the f inanciol slatemenls in the UK, Including the FRC'S Ethl¢ol Standard, ond we have fvlfilled ovr other ethi¢ol responsibililies in occordance wlth these requirements. We belleve that the audit evidence we have obtoined is sufficient and appropriate to provide u bosis for ¢)ur opinlon. Other information The trustees ara responsible for tho other Infomiati¢)n. The other infomiutlon Comprises the informati included in the Governors. Report. Our opinion on the flnoncial statements does not cover the other informotion and, except to thè exlent otherwis• explicitly stated in our report, we do not expres5 any forrn of assuran￿ conclvsion thereon. In connectlon wlth our audli of the flnonclal $totemenls, our responsibility is to reod the other information und. in doing $0, consider whether the other informalion 15 materlally Incon515tent with the financial stotements ¢r our knowledge obtained in th• audit or otherwise appears lo be moterlolly misslaled. If we Identify 5vch moleriol Inconslstencles or opporent moterlol mlsstaièments, we are requlred io Sl Ronon'5 School (Hgwkhvrsil Slal•m•nl OF Flnandul AdlvHl•i for lh* y¢41 •nded 311* July 2022 determine whether ther• is a material misstotemenl in the financial statements or a moterlal mi$sl010ment of the othei Informatlon. If, bosed on the work we hove perfomied, we conclude thal Ihere is a material Mi￿tatement of ihls other Infomiation, we ore required to report that fact. We have nothing to report in this regard. Opinions on othor matters prescribed by tho Compani05 Att 2006 In our opinion, based on the work undertoken in the ¢ovrse of the ovditr. thè infomiotion glyen In the Goverl￿r$, Report (which inclvdes the directors, report prepored for the purposes of ¢￿panY lowl for the flnonclol yeor for whith the financial slgtements ur• prepared is ¢onslstent wlth the fIn0￿101 stotements,. and the directors, report inclvded wlthln the Governors, Report hove been prepared in uccordonce with applieablè legal requlrements. Matters on which we ore reqvired to report by exception In the light of the knowledge and understanding of the choritoble ¢ompony ond its environment obtalned In the Course of the audlt, we have nol identified moterlal misstatements in the Govemors. Report Iwhl¢h In¢orporutes the dire¢tors' reportl. We hove nothlng to ￿port In respeei of ihe followlng mutters In re10ti￿ to whlch the Companies Acl 2006 require5 US to report to you if, in our opinion: adequate occountlng records have not been kept by the churStable compony* or the choritoble company f inancial slatements are not in ogreement with the ac¢ovnling record5 and retUrn5," or rtain disclosures of tru￿ee¥. remuneratlon specifled by law are not made; or we hove not recelved all the information and explonations we require for ovr audSt; or the Irustees were not entitled to prepore the f inon¢iol stoternents In accordance with the 5moll companles. regime and take odvanlage of the srnall companies. exemplit>ns In preparing ihe trustees, report and f rom the raquiremenl lo prepore 0 strategic report. Responsibililies of Tru$tg&s for the financial statamonts As explained fflore fully in the Governor$, responsibilitie5 Statement Set out on poge 12, the Governors Iwho ore also the Direclor5 of the charilable company for the purposes Of cempany lawl are responsible for the prepurotion of the finonciol stotements ond for beÈng sotlsfied ihat they give a Irue and fair view, and for suth internal control as the trustee5 determine 15 nece$50ry lo onable the preparation of f inancial stalements thal are f ree from maierial missiatement, whether due lo fraud or error. In preparing the finoncial statements, the Trustee5 ore responsible for assessing the charitable Company's ability to contlnue os o golng concem, dlscloslngi os applicable, matters reloi•d to golng concem and using the going concem bosis of accounting unless the Trvstee5 either Intend to liquidcte the Choritoble Compcmy or lo ceos• opèrations, or have no reolistic okerrtotive but to do so. Audilor's respon$ibilili•$ for Ihe uvdil of the finun¢iul $lal•m•nts Ovr objectives are to obtain reasonable assvrance abcui whether the financial statements us a whole are free from material misslatement, wheiher due to fraud or error, and to issue on uudltor's report thai includes our opinion. Reasonablè o$$urance is a high level of aswrance, but Is not a guorontee that an avdil condvcted in accordance with ISAS IUKI will always detect a material mi5Stotem•nt wh il exlsts. Mlsstotements can orlse from f roud or error ond are Considered material if, indi¥idvolly or In the oggregate, they could reosonobly be expected to Inflv•nc• th• •c¢)nomic decisions of vser5 tok on ihe basis of these financial statementL 14 St Ronon'* S¢hg01 (Hawkhvrsll 51ahment ol Finanelol AetIvI￿•S lor th• y•or •vthd 37￿ July 2022 Irregularilies, inclvding f ravd, are instances of nonvcomp11an￿ with laws and regularfon> We design procedures in line wlth our resp¢)nsibilities, ovtlined above, to material misstolem•nts in respect of irregularities. including fravd. The extent to which our PrO￿dUreS are copoble of detecting irregularities, including f roud is d•lail•d below. Based on our undèrslonding of the chorltoble cornpuny and the environment in whlch It operates, we Identifled thai ihe prln¢ipol risks of non-complionce with law5 and regulations related to the regulatory requirements Of the Chorlty Commlsslon ond the Independeni Schools Inspeclorate, and we ctxsidered the extent to whith non-compliance might hove o muteriol effect on ihe financiol slatement5. We olso considered those law5 and regulalion5 Ihat have a direcl impocl on the preparalion of ihe finon¢lal slolemenls such as the Companies Aci 2006, the Chorities Ad 2011, ond poyroll taxes. We evalucted management's incentives and opportunltles for f rovdvlent m¢nlpulation of the financiol slatemenls (including the risk of override of c¢ntr¢lsl, ond determined that the principal risks were related io in approprlate journal enlrles and rnanogernent bius in moking occounling estimote& Audlt proceduros ￿rformed by tha •ngog•menl team included.. Inspe¢ling correspondenc• with regvlotors and tox outhoritles" Discvssions with monagement including consideration Of known or suspected instances of non- compliance with lows ond regvlotion and f roud; Revlewlng minvles of Governors, meetings in the yeori Evoluating management's controls designed io prevent ond detett irregularities; Idenlifying and testing lournals, in particvlar journal enirie5 Posted with unusual c•ccovnt combinotlonsi PO$tlngs by vnvsual users or with vnu5ual deKripti¢ns; ond Challenging assvmptions and ludgements made by management in thelr crltical ocuxmling e￿IMate Because the inhereni limiloti4)n$ of an avdil, there is o risk that we will not detect all irregularities, Includlng those leading to o materS0l misstotement in the flnancial statements or non-complionce with règulalion. This risk increases the more that complionce with a law or regulation Is removed from the events ond transadl¢)ns ref lected In the flnon¢iol stotemenls, as we will be less likely to become ¢wore of lrtstonces of n¢)nns to varlous penslon schemek The assets of these schemes are held separotely from tIKsse of the Churity in independently gdministered funds The pension ￿5t5 churge represents ¢ontribvFlons poyable by ihv Chorlty to the fuDd5 und omovnled to £6?4,9141202TI £641,230). No Governor receoved ony emolurnents or r•lmbursed •XP*￿*S durlng eiiher perio& Key Munogemeni P*rsonn•l wgrg pold gn oggregote remvnerullon gf £821,95512021.. £649.0251. 24 Sl Ronon'5 SEhool IHawkhurstl Mohs to th• FinqKlgl Slqhm•n15 thg y•qr •nd•d 37￿ Jvly 2022 ANALYSIS OF TOTAL FXPENDITURE Stuff Total 2022 D•pr•tlailon Olh•r Cost of ralsing funds: Fthante ¢05ts (note 71 Chgrltgble octlvltle>' Teaching tts￿$ Welf(Jre costs Prernlses costs Support costs Inole 81 34,806 34.806 3,712A75 105.503 495.172 806759 364,806 578,369 S47,106 479.893 4,077,281 683.872 .392,022 .365,431 349744 76,779 7ahl •xpondlivr• 5.119.909 428523 2.004,980 7￿53￿1 2 AfiALYSIS OF TOTAL EXPENDITURE- PRIOR YEAR Stuff Total X121 D•pr•clq15on Olh•r C05t of roi5ing knds.. RThince costs Inoi8 71 oritable attlvltles: Teothing costs Welfore costs Preml$es cost5 Support costs Inole 81 78.272 78.272 3,449.393 66,467 380.316 800,200 286A27 518,228 450,860 470,777 3,735.920 586,695 1,181,233 1.360,584 350.057 89h07 T•l•l •xp•thdil¥r• 4,698.376 439,604 .804,664 6.942.704 All support cos15 relate to the attlvtty of runnlng th• school. FINANCE COSTS 2022 2021 Bunk th¢rges Bonk bon ittrerest Bod and doubrful debts 20.649 14.157 8,255 10,964 59.053 34.806 78.272 SVPPORT COSTS 2022 2021 Staff costs 806.759 454.342 78,779 25551 8CJO.200 448,697 89.607 22.OBO Depreclollon Governonce costs (Nots 91 1.365.431 1,360A84 25 SI ROb￿n,1 School (Hthwkhurxl) N•t•s to lh• Flnan¢idl &gl•m•hts lh• y•ur •nd•d 37￿ July 2022 GOVERP4AMCE COSTS 2022 2021 Audllor's rerrnJneratlon- st1j￿* The 2016 ¢951 ronlrol ¥oluotlon5 have slrKe beerb completed ITr Januory 2022. und the re%ults Indl¢thed thop there would be no Chanpes to benèfit5 or mernber contribuli¢ns rewired. resuhs of th? cost cop volvotlon ore not V5ed io set the èmployer tontributrion rute, ond HM Treawry htss cohfirmtd thtsi ony thorys to the èmployéi conlrllyjilon rote re5ultlng from The 2020 voluoilons will Toke effecr In Aprll 2024. UMII the 2020 ¥olvoti¢n is