King's School, Rochester
Annual Report
for the year ended 31 August 2020
*QA221568'
09104r2021
COMPANIES HOUSE
A03
#239

King's S¢h•)oL Rochtst¢r
paB¢ I
King's School, Rochester
Annual Report
For the year ended 31 August 2020
Contents
Pages
Trustees and Advisers
Chair s Rcport
RepoTt of the Tn￿treS
5-15
Report of the Auditors
16-17
CoTh80lidated Statement ol. FiDancial Activitie5
18
Balatsce sheets
19
Consolidated C&8h Flow Statement
20
Notes to the Fin•n(ial Statemeuts
Company Nulober: 3791543
Rtgistexed Chwity Number. 1084266

King's School, Rochester
PISE 2
TRUSTEES AND ADVISERS
Bisknp oERo(knter
Chdir o
ernors
Mi53 J A SMdwia l+tA(Oxonl
IW¢yCh¢jtr￿G0y¢r￿orS (Arti118)
"'lThc Vtry ReYw￿d Dr P J Hc3keth, AKC, DL
GoY¢Tnors ond Trust¢u
Mr B A Bell B&ry., CiMDIP, FCIM
Reyerend QAnon S C Brtry
Mr M J Che5ter&eld >iq'
Revcrend Canon C. D L)et)ch*
Mt J R fTanklin 8A, Dip fcadi. MA U (RESIR￿ed
31# 2020)
KcverEnd Canon Dr G J Cpiles {Appointed 13th
September 2020}
fvl# J P Glev4' BA {1 lony). CIM Dipj MA
Mr D R GraYeJ BA (Ilons).
Dr R J Kenftett MBE
Mr$RAOll
ReverLmd Caoon R s (re&i%ned Sth Septetnber 2019)
Mr P L Rothwdj LLB {H0ts5)
Mrs A Rotsse MSc* {Rthgn¢d I lth l)ecembet 2020)
Reyerthl J Rtsshton
Mr C R SW￿ld, BSC. CEng, trICE. FRSA*
Mrs F_ }￿hl(la￿ MSC IApw'ntd 1st kptp.nikn 202U)
*ChLTITW
Mut)l)es5hw of th*. BrArdi% dettmiined ihe of lkne Gtivern(wshall comistof..
"I'he as an ￿-01r1d0 Goyemor:
Four Canon5 Reaidenti3ry>
P<MJr NomiThaiiYe GoYernor8 wThrcd by tk De4n and CAroJM ReJidenthry aThJ •woYed by the Cknimi•n and
Principl of Klng'u Wool R￿xI￿l￿ ¥Thd Ile¥dmasw Trfth¢knior
One Nomlnauye Coven)or to be ¥pp)Jntrd by the. Di(MX¥att Board DF E4AuL7ilon and wcd by the. Ch•irman and
Prlrbcipal of King i School R￿￿eT and Ile4dm*5ter oF(hc SeDiar Sch(Kil.
Up to eight Ctyoptadve Gover￿T$.
Every one.fifth OF the Nomith•tiYe and Cwtiye Goycrnors retire from offkx. Rellring Gov¢Th￿S may bé re.
appolnted.
KEY fvlANAGEM￿T PERSONNEL
Principal: Mr B > H Charlesj BA (H(bns), PCC4 Univenitie6 ofpxeter aDd Durham
Oth¢rAlethbersol¢be Ere¢utiYe Boord
Mr T H Morgon. EIMUJ (He￿) RCM
Mrs C E ￿pe￿lhaW. MA (Ed). BEd (HI)￿￿) CA￿ATr
M3 D J Godwin, BA (HI)￿}, FCMA
Mr T Payne frlons} FCIPD
Mr K France. BA (HON) Edg¢ 14111 Unl¥e¥￿ty
Headmiltrw oFthe Pre.prep¥raW &lool
Burw and Clerk w the Governors
Estates Bvrsdr <rtg*ned Octobtr 2020)
Director of Extcroai Relations
ADVISORS
Auditors
H*yJmacintyre LLP
10 Queen Street Pla
iA>ndon, EC+R IAG
50licitotrs
Whitehead Monckton
5 Ed** htk. SILUngbwrne Ro￿.
M¥ldJtone. ME14 3EN
Bonk¢rJ
Nallonal Wutmintri Bank PLC
24 Ro￿, ) Hlgh &r¢et. M*drtoDe. Kent ME14 IHJ
Inwranc¢ Brokers
Ga]lagher
8th FI￿ T¢mple Cirrxts Hou%. TrJnplc Iyay, Èrlstol
816HG
Inv¢$¢rnot XoTra8¢rs
Ruffem. 80 Vlerorl4 Street, LLxJdoTr, SWIE SJL
. &hrodeY8, 31 Gresham street. L¢)tbdDn EC2V 7QA
KSRQ020

King's School, Rocbuter
CHAIRts REPORT
It W￿1n1Y (eels &9 though thts been like no othu ITh the receni history of Kin¥s Sch)ol, Rodwtcr. 14te In January
2020 King's a&'eved a jud￿ment of 'Ex¢cllent' Ih aLi •rt¥s * a rewlt of the ISI inspcrtion only to bt lollowed in Mvch
2020 by the dtYastiThg devdopment Dfthe Cod.IY Fwftd•w. The￿Vernment bItrod￿ed J n*tiDnal I(￿d￿￿n t04ddress
this, which was in place for thc whole of the Midwtnmer'fem). Other key wrykeT and vulntr¥ble thIldr￿ the
u]rri¢uknm wax then ddivered to ¥U kng's pupU6 at IkDme Yia oll-lthelearnlThg.
To thwre St could monltor and rcspond to thi$ kn-deTel￿illg emcrFwJ th¢ Govcrning Bdy &stsbluhed a CoYid.19
C.omtnitt¢e that wovld mect weekjy vl$ vlitsJ41 meeting3 10 addre55 critical throughouE the Midsummer Term. In lth
Ivlth the th¥ity's gover￿ document, thi5 eThsurtd tFAt a rtsbuEt XyStem OFg￿ governarlr wasltx platt. The Governi
Body (Xrefully c¢)n4idcrcd the wider and lotbw-tum irnpcts on the kknl's fJnan(ial rcsdienrt, contbjually rovleivi
potential difficulties due to thecoronaviru¥ pn(temlc ho¥v to proLEd in thebeJt Inter￿ts of the &knol.
Coi'ld.l9 had a major Imprt on the Saool's o￿tIOnS aTr4 tyenis Mlth t6e immediate move to on-)inc learntng For all
pupU$ from age4 3 to 18 to mntinue the education31 Lxcdjence w¥ided by King'%. wessurrj oFthe pandemic rnt)nt
that the School needed to rapidi rea5￿￿￿ and re-plat) the pn)Yision ofteathlngand learning along wlih wider Op￿￿9￿￿ io
continue its teryices and ayoid seitrc lir.￿et_ "The Schod Fwjsed O)DiinuJng a high levyl ¢E 3Trdetnic provi8ion vi? thc
enhanced UJC of the techt>ology. rhe knveyning Ilody is immenxly to *ll te￿￿thg staff for their cotytiniied hird
worL in cMgJringthat the remote.learryi￿￿)v￿ has lrtn aswx•aDdwe ￿10¢£*¢g￿tu]att?]lPuPl)8oTh thclr dtdAoii(41
and take-tsp of the 63me.
ThE King's rA)mmunlty r￿0nded outst3nihngiy well to this dmlienge. prorfding high quthy remotz le¥Dlng. As a rcwlt
of Lovid-i J, the. School reduccd the feu for eduL3Liort for the Midwmrtttt'lexm. With tntsbt pupd8 being at
IK>me duringthij term, a feea diJoiunt for the term was TtkuE into KLOUPt th¢tTrNnge to the ¥ervlLf that ivas
exporienced durltsgthc Midibjmmer Tcrm. the covert￿£￿)dy w¥$ ketD ￿<*￿￿1der ilnpct on paTentsoFihe ameDded
proYisii)n of e&Jcatlon.
I'bt Goyuning Body re￿nI￿d that partTrts were alw king tIF#D(2al ￿fft1>jlIjC1 and rv4￿d￿ lry putting irt plate t
H3rdship Burory to support ￿P•13, familics lth the fvlidsummer Tttm. &)m¢ wished to &)n*t¢ ihe gTnc)ont of their
di￿Ount towards this fund and did 50 and wc are irry gr*teful fi)r tlts geTher0￿ support. UnrtrAtridcd fund$ wue r¢-
prinritised intÈrnally toprnvidc further wrt lots￿£ Fwrbts f¥tsftg fiNrtC2at J￿r)￿lEY dtse ro the pndymic.
The &Jvk4.19 CominAttee also focud on • the ryti¢)n of the chatlty r￿lie0Cl. In partteul¥.
idtr*tion w15 8i¥en as ts) whtther Certa￿ yolccts. uwditure artd **i¥itiC5 should be gteppl or dtJ8yed, io f￿llS on
es6e.ntial the SKI￿1 f&¢ed Enanaal &AJlenp &ringthis Ptnod.
Frotn Mtrch 2020, thang¢s wtrc ma& 4uo¥ thc EM)9rd aDd th2 tDaiorAty OF t￿ Preffli￿ dosed. As the SLknol
contlrtued to provlde. eduouoTh to all pyl]s via on-line IfarningTr with WOTi310Th also pr￿￿ded￿[L8ch(X)I For Lty worker aThd
vulnerable ¢hildrcn. ThL5 me¥ryt that many k¢y oxjld notbeTdutxd durlThg thls Ume. W'here we were Dble ¢0 ￿,
various roles were fuAou&kd¥thdthbiwoYvkd the a(xt¥to ￿vernments￿￿t vh the Coronaviw5 Job RetentioTh
heme.
Enjuring the s*f¢ty OF pupill and staff to protect tlKm From the risks of Co.,"d.19 be(ame * oltk41 worlty. With a
r¥oroui rlsk I￿$$m￿t ITh placc, dirtanLW% mea5urcJ and athption of buildiDg8 and d8ssrooms acros5 tbe campu•
'¢re incorporatd It)to q>ur infra-strurtwe. lThe return to kkni fvr thc 2020/21 A(*dt¥Tric was kcpt uthde¥ c4)ntinu
revkw by the Governingibdy •ttd the Covid.19 Comrntiee.
l)urlng the Midsurnrner Tcrm andsummer holfrdayptrlod, t￿ programmeof refurbithtwjt alld redocor*Jtsnofstte tadlitit
LY>ntinuJ wlth the knd wwk of the Sd￿1,¥ ￿￿￿tenant¥ team along wntSnueA ￿[ClY tests 1Th4 dJcc&$ to rcmalii
mpliant. Unfortunaiely, ihe programme nfiettiny usually in p]a(t ovcr thls perlud wuld not80 ¥hpJd. In addition, thc
KiThg's Roche&tcr Sy)rts Centre d05ed community In line wsthgoNernmerLt reArLrtionp. Thert werp. 4gnlOtant
iinp•cti on tommercial activiikts rewltts)g in lost income due to the pndemic.
Mt411ires uktts by the ￿¥Unment to ojntaln the virus hve ￿￿ected re￿Ilt finart41 it￿orne and ¢xpendittsre lev¢l$.
nevextWth7, wehvc wnilnutd tOF*ovAeth¢full Lwrrkulum t0ourpuplsthr0￿ho￿1tbtP1rtdeMiC. wbile takthga num
of1r￿j￿r￿.ltO Monitor and miti￿te the tfftcts ofCov5d.IY. I)ue toth¢ linp•d onits durkngtheperioarfrAtloh
l(xWwn. the &hwl way UDthle tordurn i wplus yw.

Klllg's School, Roehe8t¢r
pa￿4
The Cyoverninx Body yrAdy apprcaate tht. immenx Jupp)rt that wc knve rccrjvcd frorn nurpTCilti aild the wholt. KlnR'¥
commiu]ity duriiigthe MidxummerTeim andarc de]ighttd tTrrttwremi<bte leAroingpro¥i#on*cTOSS the School IN%ptovided
a ie.nue of routlnc wilh all olthe hnta¥tlTrlly (TE)ilYe opprtunitie& for our pupils and thelr familiey at g thilltn£lTrg
tline. The Govew)ing BCAY 1$ al￿ ￿remelY to supwt for thdr de(liotiOD durtng thi"8 difficult Ilme.
'llJex arc Iti￿ge tlmc¥ tsthd. Fwt times thBt I know we w6U ht* toRethex for thc sakc ol kn"ng'i. Both fiovcrnori and
the School iydl Ix)ntinue to follow the nrloiL8 goyernrncni poliat4 and advice aDd to do our utsnost to continu¢ ownEioris
in th¢ bc8t at)d safut waypcdhle, without jeopard1￿ng hdth saf¢ry of oyr pupfls and 5ts1f. Afw wht ha& be.en an
Incrcibbly tough ythr for a]1. the C)overning Body vtry much l(M)k*forw¥rd to MMpleti￿thc LkntTtrm withallp¥Blx now
hock at sdK>ol and to W(*kI￿O￿r of thc Imp*(* of the paTrd*Jnk.
Chair off GO￿￿orS
Missj A Sh￿￿n￿

King's School, Rochesler
pRg¢ S
REPORT OFTHE TRUSTEES
The Trustecy pre5en¢ thÈtr •Thnual repori •nd •uditrd fuYAnciai 5tatemenES for the year endcd 31 ALbg¥si 2020 whicli comply
with the rqulrtments of the Charlties Act 2011. C(Ynpanie¥ALt 2(X16. the Tn45r ]ked and the Charlt(u SORP (FRS102)-
AI.4IS AND OBJECTIVFS
Klng's Scknl Rodtester (King's) theolde￿ cholrvlwl and" the xrond ddutsrknl kn the UK. There haybeen uubroken
cducathn at king's dn¢Xo￿ tstsbiishmentofa mo￿a￿l¢s¢hoOl in60¢AD. Tr SdoDloEFers aneXCep￿0nAI day and boarding
educatlon for 610 students aged 3 to 18 With * dutjDgyisW Christiats fovnd•ti¢X and Aror*g links lo RtthesteF Caihedral.
Klhg's providu a Ixsniempornry 21" cent￿Y holistic tdu(xtiots itt an irhSPW *tting* Ikvtjoping ift all pupils. skills and
Interests Wond the d•saroom.
or Kin<J. 2019-2020 IwbEen apu6od of ¥ignknt tran￿ornI￿110￿. Chanp in le￿￿ShIP and man4eJntht IRVC led ￿ a
period of renLrtson, cojjsultation dLymvery ￿ thc Got￿nor￿ and key wnnd have ¥ought to forge a
pathway through to a new xrntegc vi8ion lor tk Dcxt S years. Ihs culmlnated in a Ytriiry'c meeting. 'DiscoY¢riDg King'B'
in late Novv.tnbpty ?019.
Atademic Airns
Maxlmlslng pupil poteniial through t￿lenct in ttsthtng arld learning..
By 202S the. qualit) ¢>f teachingartd learning* WPXted by o)Dfide4t mSddle leadtrth*, wlll ￿ (¥)ll8Sstcndy
t￿CdItnt.
Wc will be confident. ￿tallY¢ ind cft)cientin teadillg aNI learnI￿thankS to a whole ipprth& whidL
CDcouragcs Innovation gThd #hares heAFactJce thrwgh tr4ining.
W¢ will oeck to rAablfith a brthd ¥¥A rowAtsl oJrrknlum3Yhkt> b¢nefbts all our pupi16 XJ thèt tw ore pr¥ared
for A giobaliied future.
A wknle sehotsl appro2th to the m*urricuJurn
By 2025 School'8 qwhty nfco-wrrlujlu provixon viill b¢ CODJiStentky exrr.ptional.
Wc wlll establish a co.<JJtrl(￿lJr prwme that atsd dtmi)n5tratss *8Yr￿&Y with rkn *bonl'i ctk)s,
CUTTILu14]m and eduodonal aimx.
Pupil and rtaff wel]being lth a fast.changJng wndd
By 2025 arJAiure for pupils StatFwW have beth crrated in balallce beiween 'work hard* phy hard
and IODL. *fteT other, has l>een frml). extabli5W.
Sttategitt tn Achieve ObjcctSlTB
Maximising throu%h exctti¢ntt ¢n tcathingAnd le4rDing, fow¥ingoD 3ts1f traini￿",
A whok xthooi approAch to the 0)-curr￿lUrn.,
Creatlng and dcvcjopin
Iturt of wellbtkngforwk and in whtch th¢ bal￿ betwern 'iYork hardt play
hard look after each other, haj ittnfirmiy LwhlisheAI. Ihis mdudcs the devd￿mme ofthe
Dlyersity and IThdu￿L￿ Alliance.
l)eYeloplng ihe f90.11t￿4 hkdu&iD£ l)uitdiDg8 relwbitho)t proie4XS attd ImwDYlng play areas aLfOi6 the
whtrleackool:
5. Strlltwc appotntmeni of*tt P.*atu Burw to o)widtr a￿1 de¥ciq• thethl's
Strateglc aP￿Intments ivithinn￿rket1￿g I￿] dmbsyortto m¥lntstn •tKi In￿ th¢ nurn￿ oFpupil8 Jn the
l¥)ol aThl to Jct up A 13¢velopmr4Lt Offi(x'
7. Oyuhaul of the ap￿1￿[ and Dcparbntnt ReYiewpr¢x*J¥ts to promote #aff acvdoprneTht:
Inyutingln ICT facili￿￿ and >taffing3tr11(*wts to improvc wportffor ludl￿g. IndUd￿ G￿le Clg¥¥rwtn F
oD-JJThe toching. aThd
9. Cont5nulr% the Wom0d(￿ Outra *na p¥b￿r41p t￿O1¥h Tr￿r￿les *KI enhanoJnettt of btsth exlrtlogana new
Bchohrahw.

KlnÈ'8 School, Roches¢¢r
pa8e 6
Charitable Objects
Thp. objeth of the School, BS &Ct tsut ID th¢ McmoradwD Of As￿3￿10￿. *re tbc yoYisitiTh and (￿uct of a day sethool for
bny3 and girls 8ged 3-18 and the provi¥ion orbr1ardi￿ f*(iJitiu f￿ knys and yrlx agtsl 11-18. Jn setung the objcttiveu th¢
Govt.rnors haytgivcn careful tur)￿deration tn the Ch¥rity CAXnml¥glo￿, w41 on publiL, berlth.
PrAncipal Activities ofthcycar
The School pr0¥2de8 an41 conducts a &y sknDI For boys and •gtd 3.18 th2 wykdlon of bolrding faciliti￿ hr Fwi
ardglrl¥agtd 11-18.
Crant-mèking Policy
"I'he Yaiuc of 8e.ho14T3hsp, txhd)iTion?, ￿T￿ar1(￿aTrd other awards totalld £1.362,765 kn the year, I40A of gmss fee IncDme.
'ili¥ policy is to mike iivuds on the basi8 of an l￿dI￿Ad￿lI,$ tyJtststlth)al p)tth¢i*l or to relictye h￿d$￿P the pupll,
tduc¥tiL)n fllture. PT0¥￿tt5 would otherwjze bc at riik. Thii year the Yalue ofpti¥J tsjade to the School's pupil* out OF
rethtricted fundsh¢Jd by Rnthr3trJ Cathcdraj King's School EndowrncntTrustand Gcoffrey HarnJJworth Trujt &mr)unted to
£13.711. Tht pollcy For diitriblliiott Follow? the ￿￿dillon￿ impoxd by thr. oril'nal donor. Full detsll3 f>f the awards are
b114hed annts￿l
irL a bDDklet'￿d￿￿s￿ and Bur*ykJ'.
Designated Fund$
I'lit 13ur¥TV Fund %i"a5 Sel up seYf￿al ye.Jr$ loo- the. •n¢onie eontinu¢s to bt reinV￿.a iinul it has r￿.)d￿ BuffiL￿11( ¥iLe to
m4Le * Ivorthwhde cx)nirlbution to bursiriufor pupils. l)etads of the alx>Ye f￿r￿45￿reContI1ned sn Note 15 to the fin3ncial
St•ie.me.Dts.
Voluntec
Thcrc ¥e iwrj thrlvinR prcntal group 0￿1•￿8.. '1￿c FTiend4 of Ki￿3 &thotsl and The Pre.-Prep 5uppnrter¥' Gwup tA'ho
fiJThd.Disc for tht.WJwl. Tht CTrOVtrnors WOLdd like to take thisopp(rtunityto say howmu& if•PPTe<2atrs t￿1r cantityuing
and v*luable. support for theschools work. The.Covernorsar¢ mostptrful to th¢ Friend5 for their contributiw oF£15,(X)O
for the rtwrfacing f)f the coun ITh the knior k&ool.
Publxc Benefit
In pursuance ofthe Sthool's I￿£-he)d oigeL*l¥e ITh offvring publir. betbtfit w thp. eimmtsrttty, and to cnsureLvTnplIaJb￿ with
r£centlcgtslatlon, ¥n Public Benefjt ReTrlcw 15 undertaken intemwlly. Set outbelowi¥a3urnmary ofthepub15c.bcncAt
> JJursarie& and SchoiarJh•w. Ile &-knl w&￿neS p¥ils fr¢)m Ill bdwund¥ •nd actts8 to th¢ dUrA￿on
otyerd is not t¢￿)cted to those that can •lFord thE ff.r4. Thc S&ool offcr5 a r•Thge of 5(aol•rJhips that ¢omc with
a stan&rd Fee. remi5sltTh ahd ￿d)ll0￿ fibrt>*r m¢xL¥ whu¢ r￿￿￿ed. Theje include ALa&rnlc,
hlu&ic, I)r4tna, Art and Sp(br¢S yddarthips avallable to exter￿1 c4nd¥d4ttJ. Burwi¥l support is FrO￿deA Icr
Yistthg pupa¥ where there is a dange of and * nuTnber of bw5aries suwrting children sn
r￿c￿l￿r ned. The womotes its m￿rI1 teated J(knlarshipi and buTJafies to pwls from the inalntathed
sector through Yarious &ADnels kncludiThg thr. ￿.5 ￿e￿￿te, media rehtkni and erwury prents to apply.
> CathedJ*l Chorister5hips. With the as3istw)rt of the ChTter of Ro(tht*er CathdTrl, we eduL7te
the Rorkster Cathedral c.horisters are drawn from Yodly and musi13Uy able boys and wr15 frtsm 4 wide
crosi se￿10￿ ofthe comfftunity. All of the C*thedral CJM)risttrJ are of the (e%cept For sotDE ofthe
oldcE girls) and for tht public in stsvlcu and in ihe ca&dral. The Sthwl wovides firbandal
aÈ$istsnce by way of • fee rerThis5ion to Choriv¢T¥ attendlThg the S(knol wlth sothe re(elW￿ further fin•ndal
a￿￿$￿￿te througb meaos-(estedburwiu.
SchoolsTogethtrPartnevJhip Activitiw.TheSdJool kneJrabli5hcdanuml*r dlinki wlthlocal maintslned
Schoo13. and hu offered frlyn diver￿ baL*ground$ and teatkn the OPF￿tWdtY to work tO￿ther In joint
actlY]tl￿ as PHSE. Latin, StiCn￿, German. Aihietics. Po]Itkg, E*8ma and 1li5ET events, •¢livldeJ •nd
workjhops, rnarby inTrnlvingYi¥itiThg aThd vlrtu¥l y*ketÉ.
The Drama Dep¥rtmthi provfjdw op￿rt￿nItIa for a con8(thm of Drama teachers. focuiing on
CCSE & A l£vel Drama. PupJ$ of11￿ xhooli brcrtdth tTrKtreXwieJ]￿Or the w(orming ¥t¥ by *rte￿d￿gthC
Schtds, play exh ye¥.

King's sch￿1, RoCh￿tr
paKe 7
Schools Together P4rtnership Activitie
Our music dwiment on a Dumbcr of ptyformwKeJ ow tomery11￿￿ of the pubkn"4 pcrfumed by pupll¥ of
the School. The Stknol'i m￿cE￿illtieI used by K￿£ Couftty FjTrS￿bIt¥.
> Educational Support Pry¥tawme. Ivkihin the o)Dtexr of the 0)mm￿nity. inthvldual need8 are
ppreciated. The developmeht oFthe whole person Is at the Ltntre of ow e&tdtiohal pixjosophy. At KiTrg's, a
hoiepupil gnd wknle xhc>ol apwoathii yotnoled, ￿ recommcndedin SENDCodeof PracticeO.25. Septembcr
2015. The 'King's farrtily. malntiins a 4trongpa5toral supwt within the Forml House structure which forms the
htArt of edu(atlonal supprKt. hirm Tutors and C1*58 Te¥kn are wtral to supprtlThg the Pr0Ee￿ OF pupi
with educauonal ￿5. Thc Fdwgtsorjal Supjxbrt Dep•rtmeni is wejl coordina￿a ihrougkout the thl and
r￿Porta8 efFectI￿1¥ ityi Ilexlbly to er4bie progr￿.
> KiDg's School Pyemists. Tht Schod runs and mwntsins a former cound owned yrts cctttrf whith It Fully
refLJrb15hed ènd is used 85% of the tsrve by ik•. lool C0￿m￿nIty* induding lo¢•] tnwnlaiTd iCLtor schcA>ls. 1
Klnls RcJchc¥ttr s￿rts C￿tre had becy) w to the public dilly Providi￿ subsidi3ed accrsts to high 9uality
spurling ajid ektrd¥. facs1itie_I to thc lo(￿1 coiiitniinity. Hoivev<r. due (Tr Cuvid.19, (he Lrntre was c105ed
from March 2020 irl linp. with governm￿￿t rt3lrictK￿S rdatlngto lo&down.
Iloth knrdl'ng Ho￿￿ ¥nd a n¥mbcr of al￿ other thl facilttiej were. usd by viiitlng laJiguag¢
achools.
Tk swlmrn1￿ Vool bttn used by lool xknoly kkn)1 s&[fvd￿Ie¢r to teAth youp 8wimmlng
leuonll, swjmming dubs •TwJ lifryving¢x)urzes to
Thc SchoDI's musiL, faditlts are by the I￿e#er Cathedtol Chlldreo< Choir.
The Chadiiogron 3portJ H¥ll ard its crick¢t np.rj have been reRd>rly thro¥knJi the noD.pliyi
)tJ by loc41 dth.
'JbÈ sc￿)1,5 pl•ying fteldj ha￿ bttn pro by I￿￿] *knli. xlthl *g¥d puplB fro￿ a local rugby club
as prt of a Ix>ll*bcntiTe aTTWt and alvj by ¢￿£*cl dubs and the TA.
'Ihe Sthwl'¥ criL*ct pltth kn be¢n used by Kerbt C4mmunity Crk*et Girly teams for training and matthta.
The Sch(M)l olferi a sed5on ofseojre w￿1￿a nrJghb0Uri￿ thc SdK)ol's Play1￿ fdds for KknolÈ for
RYeBi SclxM)l and J¥ working ￿lth a loral Lyjmrourbity ryP¥ Fritn& of WILts hqvddnwj, to outline the
tential further usc by al￿£(w￿rnI￿1y thts tlfr, P￿d0S¢d thvircbnmeAt.
Sth¢ol Hall w•¥ u4¢d pro.1xx￿ for funttiLW Jn aid of.. I)hy￿ of R0d￿ater, ralsjng
funth for Saye the Cthildren.
> King's School Pupil Charitable Giving. ofthE thrce nominate w charily eath ytar ih•t ivorkB
tL the lotral arts, some OF the Ik)weT &xth fundr4￿kng evenli throughout the pr tts rAi%e inoney
lo support the work of the t)omlnated cknrity. AU¥e ￿￿1$¢d by tncmb¢rsof King$ StalF.
Each of the kn &FWtrne￿ts of th2 SdK)ol org**tsed reyJl¥ eveDts knme dotTrw d*ys, ¥poo8or¢d
evcThts eic.) io rylse mvnty for thts'r chosen charftkn ye*T. In 2019120 the th•rlllca wetre..
Pte.Prepar*tory kknol The DyTr4llt
r9)*r*tory thol
Dcrndzi aiml Kent Se/rth Ind Rts(w.
S<ninr SdL<x)I
DemeJ¥a iioJpk* Care for Children
> Sport. Ily (xjmpetlng In regulv y¢ts Rxturu for both attd giria •gaiNrt atate Ind indyndult whnDkn.
Klng's School puwts Ire Inregrated thn the. lotsl see￿, ertCOLl￿f. a knulariry with KJng$ 4nd gener•Uy
trknuteto t￿. of o)mm¥nily evcnts.

Klng's School, Rochester
pa8e 8
> WoT5hip. The O001 actlve]y PTomotC3 the Chri6tiaTh hith and prinoplcs (with ¥bJdy of RS to C)C.SE for ajl
pupils) withfA&dr41 ser¥ittJ tornr￿bPx1QrthC publie. The&hool I￿￿ote6 4uality and Inte￿I￿On.
> The Cathcdr*i Choristen. The.rA(M)I' prtyJ￿ u)D(%rts and wy1(￿ th1¢ore held in the Lathedr41 and are
Jnade. availablc at Do thc lool cotntnuniry.
> Teacher Training. K5t)g'6 otTtr¥ plwmtnts to traiDeetrxiws from Cthrist Church Univer￿ty Cahtyybury.
> Local Coohmunity, The scknl of the Medway CulturaL an actlye parttcipant kn the
Medway r.kmFlon$ Progr8mmp ¢0 promote Medway as 4 to live. ¥isSt. w¢)rk #nd Icarn which contrlbuici
to devdopng the eu)noEny of the lo￿1 o)mts)UD(ty.
t￿rIng the lockdown wiod. the DuigD & 'Icdynolw l)tpathemt manuhctured nearly 51K> fkrx viaori and
the?e hAYe bEtn di¥iril)uted to lool hoèpit•15, orc homu. GY w•cti5u, dthtsl 8tJrgesltt aDd piurma£i¢s, all
rcclpie￿￿ have bcen hugEIy 8r*tehJl.
Membcr$ of the IoL>] community art invited and Mcouroged tt> wid) the Kingm Chorui (free of r.hargt),
Yhich dut to ￿rf1)rA] the Brahms RtAwifJn on 2.5th I4arch *020 the ci'dji wa¥ caiicell*.d dut to t
> Economic lrnpact and SaTrings to the Public PuTr3e. Kings Scknol CUrren￿y cdur4tr3 6(kn Children
reJievlttK pressure on Icw31 scknols and iyith tto dalm on the Stste for sub%idy provided foT p]ttt at
malntslhed Sd￿1. The Sthool doesnot red￿M •ny VAT ch•rged ort its pw(knst. of Jupplk4 wd servicrs.
Thr. SLth(￿l CTnploy& over 250 pcople ItX711y It 411 1r.vels of t¥npltsymenl and the &JMw)l buys Js many ofour
oods and serylcu l(xJlly as w)￿￿ble contribuLinR furtlw Si￿&1￿￿t fmancial iJDpac( indirrtdy. An [Thd￿eDdenI
.ghool Counril (JSC) EcozJomi¢ Survry in&cate.d the adds over £6rn w annum to the lor*l economv.
Fundraising ApproaÈh and Perfotrtunee
Througknut the year the Sckthi communlry of 8r4lE. a)Jd p#ents UtthtakedAarfty hthdla￿￿g aetivitieJ induang
qui?. nlghts, dassrootn o)mpeutloDJ, 8pori c1.￿ts, okw) D7iC J)ight5 *lld ots fwjdraisirtg events with wpprTU ￿lltact in
line with the h]ndraisiThK £￿t OF PrartlcE ￿lbY FwJdr*J8lng Ryhtor. Our h￿kaISing prornise
W¢ willonlJ to4¢oe¥ry JJ havi ¢yprwd in our
w¢phvvyou. Iv* to &dl,.
Jyou dJtTr8¢howTrt wtiljru, orAop. we will rw
Wt coJd.callths, knr or0redJ￿ttI,.
All ortl*ltl¢Tar¢oyffjfiir. hon&¢ andlyl.
In 2019-2020, the School worked with the Demd7a HoTlce Care tc* Chil&em. Ke*t SeardL attd RuALe and Dog'B'fru8t.
We ha%e r¢knJsi polilau bl pl¥e wkn dtsibng pcople and do notputthy weBwre on our donoti. Yo
complainrs about [L￿drI1￿￿tIcl1Vfjty were re£eSved in the year.
Overall fvndr•iJing T*rfornMDce during theyear
£2.2fKI S¢nu)r SaK￿l Clwity. Demtha Hojpice Cart thildren.
£1,545 Preparatory Scbwl Chthty. Dernd￿ H0￿C and Kent &. Rexue:
£605 Preprntory thol Clkrity . Trust: ¥od
£2.09S East Afrkx CkTartsies.

Klng's School, Ro¢hat¢r
Group Structur¢ •nd Rtl*tionahip•
Unlting Directions hay¢ bEen iI5ued by the Charlvts Comml84on ￿lOw1n8 the coinbination of financid information fur
ngs School knth&8ter, Rothster Cathedfai EndowmMtTrust ('RCKSEf'i and rhe Geolyrey Harrn8wor
Charltable Trust.
RochcJt¢r cathedr￿ King's Schod Endowrnt Truxts a sub¥dtsTy oFthe Ckniry whrtt li ￿ to ￿Thd prlzes.
Roffa Lirnitedisésub￿dldTyC0rnPofiY Y•knKaLtivthiuaredetailed kn the AccountsatNotp.4. Where ¥Tlicable theo)mpany
trangfers taNable wofits by Gift rtid ￿ ihe khLK>I.
A eub51dlary (&irity was XK)9 n¥me of 4Tr Old R0EfeMt￿l WIKJ did durlng that year. The Geoifr
Harm$iYorth CharIt￿e Trus¢ proyidrg fi￿DeAl svpp)rito famllbes sutTe4Jng Enandal h•rdHkn"p.

King's S¢hool, Roeh¢ster
pag¢ 10
srRATEGIC RWRT
REVIEW OF ACHIBVEMEPM LND PERFOR.MANCE foR TIIE YEAR
ISI lJ)spectlo
The JSI Ir>5peeUon in Jartiw 2020 fouThd kSng4 to ￿ 'KrcelleN in all{r¢￿'. All thrtr. wts ofKing'i-Nursery and Pre.
I¥epralory &thMI, Pre￿rAt0¥Y and Senifbr School were scruiini3ty1 far the qulliiy of thcSr work with wspiS8.
2c*krnlc athie.vemtnt and developm￿1 ad WCU-I￿nK¥nd finafjn￿ in e.vuy sectitsn iveie firsi-das5.
Oi)crational PtrfotlllaDeC of the School
CA>Yid-1g hd a major Impct CD the.W's operatlorts and tvenu from Marth 2020 wAtb the immtdiate tnove ts) on-liDe
lejirnlng kn all pup18 from age4 3 to IB tr) (Wiltm￿ tdur%LtL￿￿1 ex￿￿entr by Kin¢¥.
A iR.ve] examln8¢5urJS •nother exrtMuilye4r of rewits. The over￿1 p¥u rare was l(Xn6 with d)tslnit)g A*.B
rtbuli3. 5(P/o ofGC..%l'". yadc¥i4'tre aL9-7 and 45%olthewTrhJrtgainiDg* le*ttlAlfoFthcir ar¥des it 9-7. Tl* principle
destinati(>n for leaYer8 lThJ as4in hren vnti'ersities.
The. Pr#praLory School maintsin5 a broad curri(JJlum thrwghout the. school. alloviitig pupi18 to expe.rlence a range of
acadfrnic, s￿rtIngy mwicai and dramaur. subjects. The eX￿len￿ ￿)d breadth ofthe Lwrriculum evidenced In the I
Irjsperti'onin January 2020 Whereal1arc￿or the sethcKJl Ivcrtjttdgtsl to be'ExcdleTrt'. ThesckoDI adieYedÉom¢ ex¢ept£0￿1
I l + grammar ¢chool entryr&wlts*nd th¢ usc of InCASandMidYISd¢ta from on-llnetests￿T¥Jcea byC.F.Matthe Uthiv¢r5ity
r Durham Ceiitre. allo%Ys for cloxe monitorfng of ￿pIt Wfnrn)ITh￿, crwrAng that pup￿%, aEpirationJ ¢stt¢d thf.ir
haseline. seve.ral pupilJ play wrt at county or Datkjml levd aiid several musidanB are {from Year 5) grnde 5 tsr aboYe.-,
ABRSM music arbd tAMDA exallu luiuld not take Pla￿ this yw due w COVID.
'rhc Prp.-Preparaiory Scw. inrjtsdlng NurJery> C¢Kbiinues to oIfer¥rJ txaiing aTr4 voyied cuniojlurn thr¢>ugknut theschool.
I'hls mcans pupll$ ¢X￿lentr g ofJubJectB inau(kng, Gcrman. IquJi¢•ttd Sp)rt aa we.ll a5 ¢oreltsming Tlght from th¢
stsri. 'fhc school tr&¢&¥ ujing produced and 4Mlys¢d by CEKI at the Uniyerslty of l)urharn LentTe. In
NUTW. ASPEcfs Is uwd to th)w how eath C￿[d has dvthg thdr ttme In the #Èttins. In Retytioty. BASE Is
U8¢d to benchmark our cblldren'g ￿formanCe a￿l￿t a¥tngeJ and demon6tratrs the prO￿esS tknt e.aeh thild h
mgde dwing the year. 'This year. only stari of yw oNurtd ITh ix)th Nurwy and R¢(XPllon dtse to LOVID.
14owever, It remainsuseflll dala. Year 1. 3 use InCAS darawhtrhtrd6 tFwpupll$' wform•uceyeJr on year and￿Vid
>ge-stsndar(bscd and ¥t.equiYalemt ￿OrrI tad) yw pryess is m?&. Ballet. ABRSfvI and LAAIDA exams
<Kuld r￿t tske place this year duc to COVID.
FINANCIAL REVIEW AND RFSULTS FOR THB YEAR
'rhe Crf>vernors TepDtl tkn the CorV￿)Ild1ttd acUvStfes of the sd￿1 had a &fKit of £3(Kl.947 b¢Fore Inve$tmcnt gainy in thc
12 monihs to 31 AU￿5t 202012019.. JuTrluJ of £66.l21).
IJ￿rne. derscased by 3.6% •Da eX￿￿￿"tUtt la￿elled by 0.2% followi￿ Intye•Jed educaiiots ¢per*ting L*>Yts. lniertmc￿t
in marketlng malntained arHI thiprovelnents to thc S(knl'$ buildinsf#brie wid o)mputer cllntinud durlng the
Roff• Ltd J trading pformartLt duriDg the ￿ was affeded both by the doxfjted level OS tr￿tr￿ rei'enue and of costs
assoeiated pr0thdingaub￿0￿ use ofthe sP￿ts Centre by the Sdx¥il and loo] ctiitirnunity couplea with theimpact or
Covid.19.
Sinx March 2020 tFt Icknol K41 been Working kn an cnvtronmt*t that ts wmpletdy diffcrcnt to previoux yeary as cO￿a-]9
impacted dally oper4rions. The Jydtionai lockdown and measures tskeD by tbe dool to (tyiraiu thc vlru8 have impatttd the
u¢bool'g rLwLci￿ aCLiVity durthg the ytar. ThbTkng the Mi&ymmu Term of 2020, the Ityct of Covld-19 OD
pvforrnance can be seen as a d￿Tea￿e In Ino)me due to a r¢dutdon 14 fees for the tum wbii$t the sdjod ￿te was cIo3ed to
pupils. Throughout thia perthod the fouJJed oh thvirtg cost #Yiw ￿ttng with Government StsPPLKt wknes.

King's Sehool, Ro¢be8tsr
uture Planj
The Str4teOc BUSI￿18 Pian for 2020-2L125 reviewed ard apprDrdl by the Governora tarly in the Bnandal year. Ch3ngvA
in leadexihip and management alwg with the outo>me ofthe l& klvt led to i Aew $trategic Ylsion for the next
ve year3, the thrce over-Aingglm8 ￿..
tn
FutsJreproo&ng K. fora &Jth1D￿lt Aiiure;
KiThg'8 •s One Stsw. and
Iwl for Ufe.
Current key operauorjal Pl￿ ate..
'To challenge aDd wprMyE eath pupl io m•ke the mort of their *rAdcmi¢ ind pwna] poten1511.
To a&ieve excrllent re&ult2 through devd¢plng an uquirittgmind aDd *p￿10n for learni￿..
To deve.lop iki114¥ qualitics and interuL• throts￿ actiwtits aThl ￿￿}Muniti￿ beyimd the cl&¥room,'
4. To be a nwturingcomrnunity that deTrdops *luc5 Vithin the ￿ttingu[ Cknistiènity?
'lo comtnunlcate etTeLtiveJy to uisrtTh&and proypectiye rnetnbus vlthe School wrrtn)unlty'
6. To cnrure strategi¢ platiii)tJg and ftiianaal sini¢tUlCS3re in plaix wljid) YUPPWt ojrnyjt ind IuLure dL'YLlopiiicnt'
7. To maintsin a m¢tiv•ted Ind cffective tcad)ingand 5UPPOrt staft.; and
8. 1 ts have •ts eng¥ged •)rt effeuivc strucure nf Icader5hip and￿nCe.
Due to thc itnpart d COV￿-19, the GoYemor5 tothmunitsted to FWth¢S in April 2020 tkt th¢ deLiik>li had been (Tiade t￿t
to iThcrew the levd of fees at the $rxt ofthe next a¢xdemic ycar. Pupil numbers to &te knye remained iy)n8i2teDt atbl
&splte theTe bJJ]SnOL*]rrtrttlcD￿thC Governory derAdcd todday any major ¢apÉta] p." jectj until fuiure years. 'lThe ¥dJotA
tf) miDimise the imFAtt of any LDntinuillg disryption tsuÉtt] by Covid.19 by eniiidngthat ca4h re*>urce$ ar¢
ltt platt to operaie su(USStully.
tiDv¢rniJfi ¥re confident th•14Jouid It woT¢ Dc(rnarythe sd￿￿1 will conllttu¢ to woyidc a Mgh-waJiryrr.moteLurricu]um
to ensure all pupus wdl eontirlut ihe.ir *caderni¢ Vogre￿ during *Thy fUll￿e k)dtdown ￿ri￿1. Al¢ngxide this, th¢ Ich￿1
during remote learniDgto datehu dfth'vercd hlghly enygingrtmote co-cwri¢dar*nd wornl progrlrnme which CQDatitute
E￿11 aD edu4>doNI, o).curricuhr ￿ pa*oral al￿￿%￿k.
AckMo*ledgethent
Thc Goyernors wish toreLcYd thEir thanks the Prlrteip(. of ea& sch￿1. tfAIkn andAtI Sdjool ststlfor thrir loyalty
•rA ded]￿tion, Cl￿tinuing hard WOTk and *pp)rt..
Re5¢rve¥ Polhcy
The Ciroup has total reseryes rf£14,042.¢M>3. thrx iThAude bThloTNtd Furt& dÉ2,291,59S. Reatricted Funds of L6,920aThd
UnrèrtriLted FutL(ts of £1 1,743,488.
'The Resetve8 Policy ofthe Srthool beeth kncd Sthoo]'$ obJectlvu. Its feature4 ¥e.'
•) 'fo •dJleTrzamargStt ofworkittgLypitsI ￿ffi￿￿tt0 cn&bkall ¥&FfCts ofthe Sthool's work w be cA)nd￿￿4 in an ordcriy
und eifitient m*oner *wi to dcai *itkthe mgnagerntJJ¢ Oft￿ &4Jool's ￿lId￿ milDtenant* progratnme. Ind
"b) To wovide resourccy to fund the School to provide Cover fror Ufltxpected or unaYohlabl¢ Items of eX￿nd1￿￿e.
In order lo meet thccrltuiiJn{a) ￿dIts) aknYc.d* Go¥cTnc¢s th•tthemlnimum targ¢trdk*el of re8erYesdewed
l¥ Ds follow3..
WorknThg opit*l of£l.6ffl. or two months, exFnditiire. S￿r￿dbe ry4xexnted by liquid rcy)ur(u.
When Ltthln Rxa 8S¥Ets totr￿g £IO.Im ￿ dcducièd fr¢xn unrtstricted fund5 this glves tist to free reservu nf£l.6m.
Due to Covid.19 un(trtaknticJ, the ts therefo[¢ to rna*ntsin ixsildJTrg up regerveg OfAnnu￿ optrating surpluses It the

King's School, Roehesttr
page 12
curtent levd of two m¢Jnth5 e*￿ndItUTe, wblert to the prSor demaThl$ of fijrthcs <8pltAI expendiwre io cqulp the.¢Khool
with the up-to.dato F&db"ti¢% needed to malnialn the rtan&rd of ta￿¢11￿•￿ serviw Liwrcntly pro¥ided.
The Sd￿)1,1 RuT8Jry Jwnd whi& currendy 8tsnds at £1.102,417 Irknign•ted lithd) Th7É estah1l8l￿ with tht objeLUve vf
8eTheratlng InvatmcDt iThthme to Jupwrt ihe hmiliu of existing ptspils 5ufYerin8 fioanc4al hardthip and to cnrol pupils whv
would ritherwi3ebe. UDabl¢ to affordtoattcndthp. 5(knI. "AILcfund to date h•B ttlnvesttsl all I￿￿OMe gcnerated. Its inedium
terrn nhje(*iYe. 15 to irtcrea3e the Fund to cnahh. it toguwalc In 3WlLral incvme in supp)rt of thc alx)vc d>jettivu.
lthYestftkcnt.Policy and ObjeL*iYc
Tho Br8rd mixlmlse the total invatrnrnt retyjrn within the. obje(xi¥ea OfmalrttsiThi￿ inLYxne without taLing undue
risk, while rJ)ntinuing to presetve tk roal va]ve of r￿d01¥ed Snve.$imtDt% ind to maximist incnmf. nn invcyted resirirtcd
rundi. The tsf ihp. SLthool's funds to rt.vip.wtsl rtgu]arly by GcJ*txnnrs.
Thc School's yimary iTrYetstment rn3na￿r Ruffer t(wJk a outiow investmejjt strat￿1¢ ￿1110￿ duTing the ycar givr.D
vlew on the woildwide eL77n¢)my and ￿l•ll￿ unculaiDty ir• thc IIK. Aclual mar￿t wformanr£ on returns iyerc in line.
with re.le.v*nt markel Indicp.s. Tntresrmpnt during ihe. y*•r ¥mviiilt 10 3% of o￿nIng value.
Ri.%L- Managenient
Kin&,$ YLly)ol Board of GoYernonlsre8poThsible.fortheman¥ement tsFtk rtsk$f8e¢dby thé Skno]. l)etaTrled o)ftJider•tions
ofri5kareddcgatedto the PID￿tea￿d ES￿￿5.￿￿.ComM1I1Ce, awstrd by the ￿.xt￿kn tiY£ Board. Rtsks areblenbfiÈd, a85cssed
•rJd wntro15 e$tsbhthed througkntst the ￿. A fornrni review of the SL4￿1,¥ rtsk mana￿l￿ent pr(xY3$es 1% undertaken on
an annual bigis.
The. rnèjor IM>tentiil risks idetttlfi¢d art 4ddrca5ed l)y Gotrernor wb-oxnmittre meetb)p. During the year these ￿SkS are
di8cu8sed in detail and monltored loractilin ￿ tKceswy. Each sub-cotntnlt¢ee rwrts to the Gu¥erning Body.
The C¥overiiurs C0Th5ider the m•Jc* potenthl r6ths to thr Scknol arc:
> eA>Yid-19 iesvliingin l￿tiO￿d thl d￿re aftdwoviwb) Or(￿-1￿e le4rtrJ5ng:
> A &ller•ging eronornk r2ivironmcnt duc to C￿￿d-19 whlch Rnay LTeate atToraability issuL% fgr paremtx Which
ffect pupil numbtrs. ftc 3nd exws¢ levels and greater wt on burwylknrdsldp fwi&.
> Furthcr knLttases to pensjon ts)tstribuUoTh Thtes and chaThp to ￿er￿l repayments.
> 'ik un￿rtaInl1￿ 4foufLd BRFxrr on p¥1 numbtys from the bJr0P￿n fo)nomi¢. Area.,
> Politi￿1 uncertainty and the o)nse4Utnces of¥xy xctc¢ sudb as the Impoaltton of IIAT ots xhooi
fecs, remc&¥al Orbujin￿ rates charitsble rclief.
It￿*¢10￿*yy yessures on eenain C￿$.
> Competition from both thdeFaent and 5tste dtKJls for pWIs'
> Safe￿ardIng%￿d InspeLtioN iti an Iwe*singly re.8ulated enthnmetht" knd
>* Ri8k martagement ofHe8lth Safety.
The Ley u)Thtrols ￿￿dbY the &knl to mllLgate rish indude..
> Forma] agtthdas Eor all Committee #t￿ knrd 4(*kvity:
Detalled terrn¥ of reference for all CommJttteA'
> Esr?b115hm¢nt of a ruprLSive Cowld-19 Cg>mmLiiee"
> Compre&¢b$lve 8trategh¢ plantsing, budgdingb foreoxing *ndm¥wnt a(ts)wtting:
> Robuxt ott.line learning *thd blthded learning VOViSilAry5:
> Health & S•fety committee to ￿nsider ￿trtIlE
Investment In the Kch¢)ol'¥ m3rketirJ8 and Ll)mmwLltttiom f￿￿110￿.
> Eatoblithed org•n&tionai StruL*urc And line5 of ¥eporting:
> Pormal written Tdldu and 8nrJval athwtTbee monltoringas •￿te.
Cle8T authorbation and appronl leve15
> Safer reLTultmtnt ai r4uired by law for the wteL*tm of the vulntrlbk: and
> SiatTtralnlng, th(Id Prett￿on and S*feguardin¥.

King's School, Rochester
pa8e 13
In recent mohths Covid.IY ha5Jmpaded both th¢ fJnaD¢ial atA operatlon•l t￿orM9Thce of the school ￿U¥l￿ the elosurt of
the Ychool ¥ite to pupils. a wctessful n￿e to onlirt¢ learniDg and a reduction to Mid￿mmer Term feu. Thc recerb( ISI
)tl4>ection plus exccllent online learning prOY￿￿￿ a¥istcd iii hol￿ng up pupil numl)eA •nd rhe Coyernors strlved to
rnitig•t¢ th¢ ]osE in revenue by Implemenungctyts ￿vIng4 where p0$5ible long with nwking of Govemitxnt yvided
support.
Through the rljk man￿￿m￿l pr￿2$eSe&ubIknl by dLe Sd)tyJt, aovernors¥te satisfied th*t tbemijor risks
Identified haye been identified aDd ad4uxtdy mitipted where ￿. It b r￿nISed that ￿ste[￿S caD only provide
rusoDable but not *boolut£ ¥swnncc that ￿lOr rtska kyc betn •dtyytetym•na
STATUS AND ADMINisfRATIOli"
The origin of the Sch￿1 date¥ bacL to the foundatiorb of a monakny by St Jtsiius in 604 AD. King's SdK>DI emergLYI
ditstSnrt entity in 1542 when Henry VIII dkndved the Monastery and re-fovtKI¢d the Cathedral Gr3znmar School.
Fotsndation h•8 been amemded during subseque*t yws. Th¢ I1￿111¢Y OF the memberD is Limiied by Guarani¢¢. Detsili of
the Charlty's Govern¢)rg and cxeojtivt cIB￿lIfe lijted on p•ge 2. 'The cth•rlt￿S *ldtew artd partwlgr¥ of the Charity'5
prof¢saivn.Il ad%'jxirs aTe &'Y¢D on ￿ge 2.
STRUCTUft4 GOVFRNANC£, AND MANAGLMENr
Cofverniog Document
Thecharity l¥guYeTnedby its me￿ artd Attidcsof AssoC*￿10n.*a0Ptea0n I l Ortdjtx 2(XM) isamendcdby Special
Ruolutivtt on l) Nove.mbcr 2015.
Ap￿l￿t￿t￿t and ￿-APp￿tIll¢ll¢nt ofGovernor*
Th¢ Schcrne apprDved hythe Charity C￿nmI8￿C￿ wovidtsfor a￿￿￿￿M or18'1'T¢jS￿ *rc avYeTb)ors Df the Schoul,
oDe-fifth Nominative and Lo4)ptatiYe Govcrocrs retir¢ eath year.
Thc C*vernoT3wovld liktto t¥kE thisopportwiity to thlnkhlr John fTanklin (wknTetircdin Ayst2020)*nd Mr#A
{iYho rcUr¢d in l)ect.rnbEr 2020), for iheir hard work. ddiixtion and iupp(*t.
Recrultmcnt and Traini￿ of Governors
Tkn Charitls elrcied GoY¥rnor¥ are 4wiThted at the tlni c*din#ry Meed￿of &Covernor5 followlngthè4r nomination or
e¢Foption and a vl$jt to the. Schwl. Pro¥F￿'ve Governors are ￿PPlIer] with a pd OF IhFonnatlon Is rea)mmended by
AC.BIS (AsJociation OF GDve.rning Hndits d IndeF*ndent kknls). 'Thii inctudrJ Charily Cornmts5ion handknok CC.I
'RU￿nsib￿lI1t5 ofcharity I'rultecJ', the &thool'i Memorandum and Artidts ofAJviAtion, the. PrcTertuJ, hst of staff.
mapx of the ￿kno1 Ind rec¢JLt Goycrntrg body meeong minut¢s. During thwr Brst ytaT and annwlly thv.reafitx Goyerrior
re In￿l￿ to atiend courJe¥ yiuored by AGBIS *)d 011￿8. Inad&tion. ad hce thtrglc phnttlng ¥NsioJu art hdd when
approprlatè.
OrganiyatiOD41 hlaDa%em￿È
Tkn Governors, as Iniyi¢rs of tlx Chthty. •Te l¥lTry t*￿T¥ll)lef0¥ the orttsil I￿N￿gEmenta￿d Lwtrol of the Sthovl, and
meet at least four tiines o yeatr. Tk work of 1mpkJT￿jLting rn(ot of tF*ir w)lititJ Is L7rrd out by thtr¢ ¥ub-commi¢¢ees,
each undcr the of a CJovernrK. thwlng the ycar Ihe Flnan<t S¥&Corninittee rner￿d with the Huildin%3 &
FaciUtieJ Sub-committee toforrn thCtrinarb￿ and Sub-committee. The Financc and Sts&Committt£,
&ired by Mr Markhm iknerfield mv.ts four tirncs pts year wdFosreJFW5&1iity ro Kcommend thEbudget2 fti)•lJse
the auditedaccDwit53ndinnuJt ryrtfor ywoY•] by ￿ Board. The C(*hmlitec*i*) undertikv the i#tbu•I rbk ayses5m¢nt
on behalFof the GoverniThg Body, monitors uJrrent¢JtatrJ and prvJrtd¥e for pwyed futur¢ unde.rtakirJgs.
The Ptr80nnel & ￿¢slation S￿￿coMmittee. by Nlr C R mc¢ts terrrd)" *nd rei4ews the leOsl•tive
Yramework tn which 0￿rates, ptticululy In reg¥d to Huin>n Run￿et$. Tbe Education & P•storal Sub-
Committee ha¥ hccn by Mrs A Roux (and WAJI bc d￿red th fUt4￿c by C Ikndt) m¥ets tcndy* It revAeiYi

Kimgls sch1￿4 Roehester
page 14
educatlonal I￿aLter5 and Inspeoionfindingo. ThereJrLii oFtath tsf the Jub.coniinittees has bcth drawn up and *grcNI F>y the
Govcrnlng Body. ofthe iub.LX)mmlttcee reyrts in detsil to the Govtxtiing Body.
"lthc dly to day runthithx of the.￿h0o1 Is a￿£￿ted to thE ExeraJuv¢ 1303rd, det2115 of whiith are listr.d pgc 2. FJ¢c￿lYc
Boird rnerniws attend mecLth8s oftbe CJoVrr￿kng Rody and the ￿b-c(AnmlI￿e$.
Kry h(•n•gcment P4y Policy
M*i18yJ￿Mt￿yP0jlcyts deternlittd fin 0)njuhctlon￿ththeCoVe￿tt0rJ. Prin0￿1 and Burw •nd tskexbbto a￿Oi10t￿1rretht
marke.t demand for pupils LD the Sthool'a catchmrtht arex. tht financtsl 5tre.Trgth of thc SKtstsol, the eL%)nomic oiitk>ok aThd
the going raie of remuiioration, fnr senior nianawent relnuneratlon in the indtpcThlent rnarkct in the aouth eart
ofF.ngland. The key managerncnt rol￿ are de*3ilcd in note 6 of the ¥cu)unts.
Employment Policy
'I'hc ydiool ig an OPWLuniti¢x employer and pwititrely en(wrap ¥pplirntions from suitAbly qiialifii"A ètHg tlsgible
L7ikdid)trs re￿rdlesS nf gts, racc. &Abdity. ￿X￿11 orieotsllOlI. pd¢r rt3s9ignmeTht, rdI￿0Th or be.lief. marii•l ststus,
or prcgtt•nry and mat¢rnliy.
CoJJ%ultstion with *.mploytt4. or thar rwuthtative$. has corttinved ai all levejs with thc aiqJ DF tskjng the wiews or
cinployetrs into *tttsint when aeds6ons are made tFAt We likely to •ffÈrt tkir ffttitLYests. Employets are mqdc aware dthe
rJninci312nd e4x)ftiMnicwformantrof the Sthfjol.
COrnmuDi￿ts(m with employeeh Ix>nlitLues through normal rna￿￿ent Variety OF Form4 and ￿10 throtsgh
v.x4)tion*l dMnTheis to appr1￿ ofujrrcnt is8u¢s. Three. e￿o￿pIc& of triefJTrgy A5yoved by thc GOY¢rthj￿ &)dy In the
last year #rc Cbild ProteciioD Training all x¢atf, t￿ GDPR regolatk*n trainit)g on record ktrping di￿ wLKusing•nd
fir¢ QXiin8uLther tylin1￿10 all stitT.
Statemetst ofTrustees' Re5ponsibilitic
The'l rusteu (who aT¢ a150 the dirertors for the cnmpny) aTf. wbje for pryar5nK thp. T(fOrt %Da rhe firAtThl
¥tstet¥tents in att4)r(lI￿￿ wtth app]￿ble ]aw •thd IIK GAAP.
Company law r4utreA the T￿￿e￿ to ￿￿Te knanci•l for ea¢hfirAnd•l year. Under th•t lèw the Tru%tees haye
dected to wepre the 5tatememts in accordarre with Unlt¢d Kingdom G￿trallY Accepted Accovtbting Pr•ctlL¢
(United KIngd¢y￿ Ac¢ountlngSt3ndards andapplic2blelaw)- ccmp¥rty lawthe Tn]8te￿rn￿t notapwove the fin￿¢181
atatetncryts unk$$ they *re. soti$fJtd th*t they glve • true arA fair view of the stste tsf *ffalrs Df the. thmpany and the GrDup
amd of Lhe inwme and ￿n(hI￿re of the Group for tIAi wkMI. In preparing thue finanaal thttment$, the'frusttes are
r4uFred to..
> udect suit•bleaLrouTttimg￿liciea and then wly thcm conthndy"
obscrve the met1￿9 and wlndpleb ofthe Chuiriu SORP.
make judgements indesthnatrA thatare re￿Nb}e and wud¢n¢.
Jtate wbttTr*r appltoble •ccounting 6t*ndards have been folk>wcd. fflthie¢t to *ny m•lertal departures disdoied
and cwained In the fiw(xl *¥temeiits' and
prepare th¢ fin3ndal ataternents on the ￿lAg 0￿Cern b￿$ unltts It b it4py￿rIate t9 FKesume that the Gro
aDd cOmp￿Y will corttiuuc in buiiness.
The Trusttts are reTonsible for kwng idtgWte artounting recorda tFAt are 8ufFLde4)t io iknw and exp]ain the cornpThy
and 6rotsp'y transactiorbs artd dtsdose with rea¥>nknle a(ruracy at any time the rJiW￿ F¥)2itioD of the company and Group
and ettable them to ensure iknt the fina￿117 st•remeN¢s Comply wlth tht Cornpnl￿ Ao 2WS. They are alEO T￿01￿16]e For
safeguardiog the a55¢ts of the ￿rn￿ny and c￿P Ald hence for takingTe4soTh•ble 5tep8 for the preventlcm •nd deteclitsn of
frwd aThd other trry]arStle8.

King'j School, Ro¢hegter
p3g4 15
So f4T ￿ cath dthe Tru*ee¥ 16 fbne tkrciKKti¥ apyoyd..
> there is no rdev¥n¢8uditknformatioD dwhlcb the comp•rfs Iudtwrs •reunaware' and
> the Tru8tec5 have taken all that they oU￿t to haye taken to make themKlv¥ *wtre oF•ny Te)eYant gudit
Infcrnation and io e1rab￿th tbatth¢ au&tor5 arc awar¢ of that informatlon.
ThlSre￿rt, which itLcorwatu thc Stratgic Report: iY4J wrovedbythe Boud ofGovcrnmon 23 Marrh 2021 indsigned
otb &ir behalf bv..
fvll&<. J A Shidur
rl)RGra
R￿lStered Office
Sotiq House
Bolev Hill
Rochcster
Ke￿[, MF.I ITE

King's School, Rochesttr
pa8¢ 16
JNDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF
KING'S SCHOOL ROcHE￿ER
Opinion
Nve have ?ud¢ted the Rnatitial statemtnts of King's khool, Rodw¢r for yt3r ended 31 Awt 2020 whith wrnprise
ie Coiisolidated Ststeinent of Fir*•ncial Activjties. the Chariiy aDd Group Ba1￿ce Sheets. the Cortsolidated Cii5h Flow
StatcrnpJ)r. and note5 to the finanoal 5tswnents. including a summary of sgrrifLant"ac(x>urbting policies. 'The Einanciat
reporting fvamework that ha5 been applied in tFieir preparttion isapplirable lJwand Unl￿d Kingdom AccountittgStanil)rd5.
ihdiidiii£ Finanttal Repoyting &andard 102 7heFIJ)tm£i¢71 Aewrny Staodt7rdrfitsth< the UK eTrd ReP￿lIC ￿1{￿14￿d (United
Kingdom Gemer￿tY Ac+ted Actourbting Prticti¢e}.
In our opinioD the firL4fo31 *aterncnts.'
ite i ts'ue and fair vie%v of the stale of the￿0￿,5 Jnd ofthe went tharitsbl¢ compny'x affairts as at 31 August
2020 and of ihe goup'¥ tsei mDvemeni in fund5, induding t￿ inu)rnc and expepdilvre. for the yeai. then ended.,
have bEen pryrly wyarcd ith a(o)rd4r*e with Ilwitd Kingdom Generally Accepted Actwntijg Practice: at)d
hJve becn wep¥ed in accordance ii'ith the req￿irelknents of the CoinrAnies Alx 20J6.
Raxi* Ioi. opinicbii
We C￿ld￿rted our audit in ac￿r&I1(x iyiih JTrterTharional Standards on Auditityg IUK? IISAS {Uk)) aod applicable law. Our
re$pDI)sihililltr.R under those siandird$ are further described in the Authrtsr 5 re5PDvsibilitie5 for the audit ol the financial
.iiatctDenr.I secrion ol. oijr ￿t￿r¢. Wt are Jndwd¢rt¢ orth¥ group in 1¢X￿dan￿ %¥¢th the Lthi(31 ryujrements ihat are
rdevant io our oudlt of the fi￿n¢1￿ stat¢menrs in the UK. iThrJuding th¢ FRC'S F.thial Standard. and w¢ have fuifilltd our
rlief ethiol rwon3ibilitits in accordance Mth these requbrEmenL*_ We believe that the alldit evidence wc have ob￿lDed is
Sufficient ènd appropriarc ro a b3*"5 For our opiniorl.
Re$pon5Èbiliti&8 of trusteès for the financial statements
As txplalned more fully in the trustees rcSPODsibililie5 s&iemeni. the trustees (WIK) arc al￿ the directors of the chaTi13bJe
cori]Pany for the pUr￿SeS of laiy} are rwnsible for the prewaEiDn of the firsar￿JaI statements ind for beijig
satisfied ihaL they g-ve • tr￿e and falr vie%¥. and for suth iniernal conirol as tht detrJminc is ncce*r) tty enable tlie
preparjtiory of finatioal $¢attm¢nts thai Jre Free Frorn matertal vni5Ststement, i¥hether due to fr3LHt or error.
ITh pi'dpring the finanaal 5taternent3. the En15￿tt are reSp￿ible for *sx55ing thc gtsup's .the porenf th*r5tiible
compny'5 Jbiliry- th continue 3s"a going CDnLzrn.'disdosing, 3% appIiL7ble. mJtter5 rel•ted to going concern and L¢gin8 the
go)ng conttrn basi5 of accounting unless the trustees eith￿ intend to IwuiilJte the ￿0UP or thè PTerit &ritsblc cornpany
r Iu cèase opeiavon$, ot h3¥e no realistic ￿trI￿alIve but to do so.
AuilitOr'5 tesponsibilities for thè ¥lldit of the fityaocial $tatemeBts
Our objectives are io obtain r&wfiable irufattte ivhetlivr the financial starements as * who]e'¥re free from mat¢rial
mi$siatement. whether dut to fraudor wTor. knd to i56Ut arb3udiior s reportthaLirHJude50ur opinion. keA50n*blea&wranee
13 a hi￿ leyel ofaswral)￿, but is #ot¥ suarafttte that an auth"t conducted in #ccordance with ISA& {UK) 11 alway deteo
fflaterial mi5statemcntwl￿n Iti￿ts. Misststements can arise froin fraudorerror and *rect)n5idered Ma*r1￿ if. individually
or in the awwte. they could rewnably be expecled tO.influth￿ the economic dttis4¢x>s of u5trs takeo on the basis OF
these financiil 5t)iements.
A.further description of'our re%￿nSibiLItIeS for tii"e audit ofthe Rnan£ial statements i$ lootrd on the.'Finantyal R4)orting
Cotyntsl.'s website ai..
. Thi* destripbon lorms wt oFour atsditor's rwt.
Conclusigns r¢latsng to going cotycern
W¢ have nothing io r¢porr irt rtsped of the lolloivingmatttrs in relavon w which the ISAS {UK> ryirt us io reprt lo you
the tr￿tee8. use of the gotr% torKurJ basts of 5n.the pre￿tIOn iiF the Bnanciai statements not
p￿PrI¥te. or
the trtsstees have.n0t.distl0￿ Én. the fLnartial statemttkts arty idetitiRed marcrial vnryrrainties th•t may ost
¥ythcawbidoubt aboui thegroup's or the pteDt ch¥itsble compriy'$abili.tytD COntinLie to adOptthe￿1Thg Lvncern
b•yis ofaco)untingFor a WilMI of at leau rwdvèrnonths from thc date ivhen'the knanoal 5r2tem¢nts are •utliori5ed

King's School, Rochater
p•ge 17
Other inforinatlo
The truatfes are rttp0ts9fy1e tbe other thEorma￿. 'nK othtr thformation compriau the inFortknadort Included Its the
Rcport of the Truxterj. Our op'nion on the fIThw￿l thtemtDt¥ not o)ver the othu Informadon and, cxttpt to the
extent otherwl#t explicidy st*t¢d in our report, Ive do aThy form oF35WTan(t ujndwion thereoii.
In cont2ectii)n with our audit ofthe FInar￿al￿te￿￿l￿, our rESponsibillty is to read the otkn JJbFormation and, in do￿ 50,
In8ider whether the other inForm4tion ia materi¥lly incotutsrent ststetrentj or our krrtjwled￿ obtwned
the audiE or0t￿rwISe aEy*5 tobe materially miutsted. IF¥* l(kthtsfy sucb m•¢e¥lal itironjwcits or *went materi
misst4teraents, we are r4ulred to detrtmlne whether there b * matertsl mi￿111¢ment In the hnancd ststenients or a
materi¥l rn15￿te￿Cnt of the othcr itbformation. Tf, based on the Ivork we haye pulormed. we eoiidude. Ihal there 1$ a
rnatcrlal mi&rtatrJnent of t￿¥ other informatlon. we wuired ¢0 re￿rt t+At faLt. We havt iiothing to report ir) thi¥
re
OpiDiOThi on other Dutter5 prucribed by the Companies Act M6
In our opinlott E*sed on thc work vndeytskn in the cour* of thc audit..
the infonT￿t[un givth in the Rtpott of the TriL%teeJ (wmd) indudes tht stAtegle reprt and the dire(*ors' report
prep4rcd for th¢ PUTP)gts ol'ix>mpany la¥Yl (or thePiTLanLial ￿ for whi& the trihDnthl statements are pr¥artd 18
Lfll$43ten¢ With ￿1¢ fin411011 stAtr.m¢illS,' and
the stra(eglc report and the dtrrc*ors' rep)rt 5nduded Wit￿ the Rew of tbe Tru5w h4ve been prepared in
4ry0rdaThtr ￿th applicablc I¢￿1 i4uiremtThts.
Matters on which M'e ar¢ WUiTe(i to yrt by exceptlo
In ihe iightof the knowled￿ ¥Ad undorstsndingof thegra¥ and the L4¥itsblecornpnyand its ULvironm*)t Obtained
ID the. cowse oFthe audit. we hye not idcnuf*d materlal m1s8tste￿efits in the RepLYt of the Tru3tee5 {wMch in¢J)rporates
the itra1t.gicr￿rrt aTd th¢ dir¢ctory' re￿rI}.
Wr have nothing to report IJJ re¥pErt of tlje followiDgrn•ttcri rdltlon to vthich the Comwid Act 2(X)6 re9uTrrcs to
report to you If, in uur opltiioh..
4d4tsate *ccountlDg rtcorrfs hyc not been kgjtby the p￿1 d•dtthle oynpany: or
the prent thlrktable COiTLpany fjtuncial st4teTnents are not Jn agrttti]ei>t with the 8(x))untitig re(ord¥ Ind rtturn¥',
Jlatj) diw.10s￿￿ oftr¥¥rtu' rrJThunuat?Dn yified by law are not made., or
we have not recefiyed ill the Informotio* •Thd eyp]anaUor•S we rquire for oui. au&i.
U&e of our report
This report is made g)lely to thE &rit3ble cornpnls membrr5. •¥ a Iw4. In a(tsrhnc¢ ChatAer 3 of Part 16 dthe
CompnleÉ Act 2(M)6. Our audit iyork has bcen uNiertthn xs that we might slate. to the ch*ritsblc company's me.mbcrs
thtyjt mattei% we are r4uired io 3tste to thErn ID an Auditor's ryrt ajd fL>T othu purpox. 'fo f￿1￿¢ cxtent
peitniited hy law. we.do n(Trt awt <Y rwbi]ity to anyoneotkn than &arAtable iwpahy and tk eharitabl
company'i rnErThben IJ • bod , f(r our ¥utht *orL. tr th￿re￿. w for the ow we hive formed.
TraLf)' Young {Senior statvtor? ayditor.
rot and on bthaifof Haysrnacinlyre LLP,Statuts)ry Auditor
IOQueen Street Place
on
31 March
BC4R IAG

King's S¢hool, Roch￿tr
page 11
COMPANY N(). 3791543
CONSOLIDATED sfATEMffi OF FINANCIALAcllviTI&S
(irt¢orpoYatsng Income and EKpe.nditure Account)
FOR THB YEIR ENDED JI AUGUST 2020
To¢41
Ir*
2019
JNCOME AND ENDOWMENTS
FROM..
Ineomefrom ¢h•ritahlexrtivitio•
8Lknol feeE re￿￿*ble
Othereduoxttonaj inry>mc
Oth¢r trading activities
- Rent and rE(*l￿ble
- TrndingiDcome
IiivestmeDtincome
Oohatiort¥ and grants
Other inLome
.14S,720
10?,735
8.U5,720
102,735
9,029.Yl8
41.578
41.711
2N,817
23,592
563.113
7.950
49,724
274.817
37,797
563.143
188,030
173,124
32,114
57,J72
14.205
Total Jncornt
9J5L451
22,iYS
9,J74*36
9,722,136
EXPENDITURE ON:
Cogts oErai4ing funds
Tr*ling ex￿￿
lknterettpbpble
431.826
54
431.810
431026
54
431.880
S36.232
S39,028
ttablt activiti
- Edvotiorj
. Pr¢￿￿￿
Welf3re
. Supportaf Idwli
- Grthts. AV*Trds *nd ylyÈ*
Tvtsl ¢haritablc exTr￿1￿*t
Totsl exwdliuye
5.897.873
,336.623
643,491
1.327.2S7
5.220
9.210,464
9W2J44
5.8Y7mJ
1,3SS.140
6¢1h91
1,328,248
18.9S1
9a43,703
9175￿81
5.742,706
1,35.1,472
761.W4
1.239.$4Y
19,456
9.116,9B7
9,6$6.OlS
18.517
13.7Jl
33.239
332J9
Net (eX￿ndi￿r￿)IInCQme btfore
InYrslmen* 8ainJ
Net iRbYestment pi]A¥
Net (wendilure)/ln(xbrnebefotye
tranjfe
Transfen
NEf MOVEMENf IN FIINDS
R￿O￿alLatIOft of lundj
Fund balaow at I Sept¢mbet 2019
FUNDBAW4CES AT Jt AUGiI
2020
{289,893)
111,0541
26,1
IW).947)
66,121
17.943
(241.619)
IS,￿6
(228h831
114,064
(243M9)
(22A,683)
114.064
11.987.177
6,920
2.276,$89
14,TIffj686
14,156,621
15
11,743A88
920
4291,595
14.042.K13
14,270.686
All amounts rtjate to eontsnwng &tlvltles. All reo)w*d galns and 1055es the Lwfrent and Pri￿ year ¥Te induded In the
Stawnent of Finanrjal Artivitie2. The wmp•ratiYe year'j StsierneTht oEFiThancial Actiylties Induded kn note 20. No iep¥ate
Incotne and ExFnditure aCc￿￿t Iw heen pri)duEd be￿u* ￿ Net Ifrne for Con)p¥w Art purposes Is the sèrne as
Net Move4n¢nt iry Funds OD the Unrestrkntsd Funds.
The notci on pges 21 to 37 fo*m part ofthe* Gnantsal tstejnents.

King's S¢hool, Roc&ester
p4"e 19
BALANCE SHEETS
AT 31 AUGusf 2020
Company J7?1543
GROUP
20
GROUP
2019
SCHOOL
2020
SCIIOOL
2019
FIXED ASSErs
TaDKible
Inveibnents
iJ,209,9
2,379013
ly￿9,750
11.516.7PJ
2.2￿),931
J3.807.711
1O,79J,￿7
2,￿.915
IJ,759,860
I I,¢￿2.255
3,391.032
14,453,287
CURRE￿ Assm
3,938
41224S
46%JOI
3,114484
9.472
374,419
2,812,564
3.196,455
J)cbtC¢G
10
401.9iO
¥21￿38
4924,488
280,80¢
2,588.080
2.868,881
C•sh it bthkand
URFLEYT LIABILITJFS:
Cr¢ditv.i.. arno¢Jntsfallin£ thx
ithin
{1.617J14)
(l.W14.4251
(1.57S.681
{1.552,744}
NEfcuRRFNT ASSETS
1,495.IXI
1.52Z,030
1,316,110
LONG Tthm LIA81LITIBS
CreditOr$'. wn¢Jtthts fallingd
¥￿er more ￿le y
12
(I,IML917)
11.059,055)
(I.IM2,917)
(1,059.0551
TOTALN￿￿U5
14
14.042,LKIJ
14,270,686
I4,￿S,7s0
14,710,372
ReprcstntiDs:
Unrtstrirted I'.uttd5
ReArlcttd l undb
Endvwed Fundy
. Ex￿n￿¥bIt F.tsdowmtnt l•Jnds
. Perm4neni EndownKnt fvnds
15a
11,74J,48A
920
11.987.177
6,920
11,767RJ5
12,426,863
6,Y2U
Isb
15c
I,ZS3,)4J
1,038,452
1£042mJ
1,223,698
1.052.891
14,270,686
1,2S3,143
1,03&452
I4.￿5,750
1,223.69B
1,052,891
14,710.372
15¢
TOTAL ￿uNDs
King'sSLknL, Rochctrkn taken the excmplioo from PrcsenD￿1ts uncorbwlidatLyl*iernErt nrrJnan¢ial adiyiliu UDdei
£tlon 408 oFLhe (A)mwi¥Act 2r)J6. The net rnoveJneThtthfunds¢)f the Cl4rity W*8 adep￿11 tsfL6M,622 {2019'. surpluB
£169.261).
TtLe notc4 on py 21 to 37 f(Ym part dthex fmnciil stateththts.
Thc fitbanoal stLtementi were apyo¥ed Wmi author*ed ffor ilwe by the fttsard oFQove¥nors OD 23 M¥th 2021 attd were
S&8ned be.low b¢half by..
M&% J A SFA¢4u
MrORerf*¥

Kingls SchooL Rochester
pw20
CONSOLIDATKD CASH Ftnw sfATEhlENr
FOB THE YEARENDED 31 AUGUST 2020
2020
2019
Ntt uyh inflow frorn ope.rntiTh8 *divltits
N¢L rrt)¥ern¢otih fu
Investnietllltttsyne attd1ntcrcstrttth￿e
Inttrejt payable
Depr¢diiion
UnrtalfjsvA Qaln) OD inYtstm¢rtlS
D¢(z¢wl(increasc} itt ithckj
I1￿¢•5¢) In debtors
ID ueditori
(D¢(T￿lI￿nCreart InPen￿On dtficTrt
el r•gh PTOYided by ac¢ivitlr
{228,W)
(37,797)
54
423,616
(74264)
SA34
(J7026)
S7.717
61,935
44416
114,064
(12,114)
439.5
{47.943}
14,8SOI
(124,.5￿)
16,339
470.110
Cath now from ityve¥*ittg artkYitie*
InYe5tmtht inuimeamd iht¢wt rettlvcd
PUrd￿ter Vdngibif. fix¢d
37.Tr7
(114774)
(1￿17)
32,If4
1161,4621
(1.645.032)
1,635.503
1138.8711
Salt nf fixed iTrve¥trnents
Ne.ti3sh in inVeJti￿ activiti
(95￿94)
C*h IIoM* from financing4diviticy
IA>an r¢piytrycuts
(69,031)
(54)
(2,796)
Net (x8h used fLDaftL¥Dg ac¢lvl¢lcy'
(69m5)
1299,4WI
than￿ in L¥gk and cath ￿u1Valents in the
C&yh'4tLd 4uivalcnt8 al the beKinning of tbeye4Jf
Cash and i*shequlvaltnts at theend of th¢year
(11426J)
4812J64
68.02
2.580.591
2.B12.564
Analy&is ofcAgb 4uivalents
Cthat bknk
3WOI
362,564
2,450,(K#)
2.B12,564
0¢po￿ts
2,696JOI
An￿Y515 ofchahguin fu￿*/a¢h£
At #tart
ofyta
Cath
At end
ofye•Y
Cash atEAnk
362.561
2.450.￿?
(69.031)
2,743.533
33.737
1150.L4N)I
69,031
147.232)
396.joi
Dtpwlts
Bank horrowl
2,696,3111

King'¥ School, Rochester
PA8e 21
NOThS TO THE FINANCIAL sfATEhS&YtS FOR THE YFAR F￿DID31 Aucusf 2020
I ACCOUNTING POLICIES
The I1￿nd￿ ttatemetLts have b¢tn prepred vndcr the hisroricdl cox Lrrtve￿thn. u t))odified by the. Inclu51oL of Bxed
a¥ets investments 4t rtMrk¢t value4Dd rfftsin Fre¢hdd landand bvildingj at revalued lmounts. The fornjat of the financ￿1
4tatement8 hls been Presented to o)ryly ivith the Compnif£ 2{￿. FRS102 ThÈFthan(raE RyNUfty SEttndardypliedble
¢A¢ UK 04d Ittland the Siatemeni ofR¢commended Practice for Ch¥iueJ (SORPI (st￿nd EdiiioTh, eftective l January
2019}. Figtsresire preuentd Jn urerlingand ￿￿ded10 tk ￿arestPoUtsd. fvch¥iry i&• PublicBeTrc&iEniity ?5 defined
by FRSIO2.
Going Concern
Il•YiDgreYiewed ihethl'3budgpAsandfOrt(&gttwithth¢eKp￿aOnty￿dernaThdrCy pl*u lltthe.EdM)ol. theTru9tsC8
side¥ thit the¥e art no materill uneertaintie4 whjth iyould catt doubl on the Sth01'$ *bility' t¢ (x)tttinve *s • going
In response to the evcr dunyng of the Covid-19 pandeniic. the Trustee5 have rt-vlslted tlLdr busineay plans,
for¢iaEt.i ond r4th fkjws to LQYL'r a period up to 31R Auguai 2022 and introdiiLtd further sc[￿illy1t¥ a￿lY￿S Itl OTdLr to
aK¢M the upccted PJnJna41 implioiioru for the sd￿1.
For¢c&8ts for LY)r*ern haye ￿￿5[dered red¥rd F￿P￿1 nurrrben Ind a$8rtiated ITrL*me along iyith rcduty
fwidralsiii8OPPrtuD4tieA for Futur¢ osh Ilrjwwojeaions. With A ptchlially lo￿ rec￿￿. iThvestmcThtsare nutex￿￿cd
to perform any betttr In th¢ near Futurc*nd rttovtrabibty rftxl￿I￿gdebtsIts torecast ttrbemwe dilll¢dtthaD in prcviou8
ytars.
Howevcr, the Scknl haz DO loans in p]act arml ks dthyed any m•lor <apiial plan8. GoYerDufi *¢ 41È0 t*kithg 8tep to
addr￿ uncertainiieB wlth I￿￿Ealed rtxjvrwfor the markding and a QDJt fotsJ$ throuRh to hu￿&t 2022. CJi¥eii
tht 3c.hty)I haa sufftcietLt re4erve#. th¢Trva￿ ttwi&r thtdwe.gr¢ no ftbwI￿ wyctthintlu wkn.ch *wld Lwt doubton
the Srknl's abilit). tn continueaJ i going CfJVTrLrr
GTOUP Accowits
The￿ finandal Stsitemetktsconaolbjatethe re￿￿ts of tht dw.ty 4nd its whoily-owned sthidiary Roth iknItLyI OD a Iirte by
line. basis. A scprate Stateme￿1 of r.iThanciil ArtiVLtiu For the ejority it¥df Is Jwt prescntcd btC7UYC the charity ha2 tJken
adYaiit3ge of the. cxemptioDZ aFfoTded by 408 OF tk ha 2006. Tk Net Mvv¢Tnent lrt fiinds of th .
school o deAtii tsF£644,622.
Genetral Information
The Cbarity 15 a ￿rn￿ny limlted by guaréntee, intyr￿r?ted in F.fftglarxl Ivalea (cornpany number.. 37915431 IDa a
oharlty rw"stered in Engtsnd and Wa]e& (&arity thumber.. 1084266). Ibc &knl was conVer￿a from its d4s8lAcJti¢n ¥8
Rwk8ter fathedf*l (Kinls) FdrfxA. an ￿￿Th>)rP￿ttd ljrriltd Cotvpatsy atatus and tradSng King's
S¢hnol, R¢chert¢r on I S¢ptrmbeJ 20TrJ.
SignifJLant E8tiTnaleJ and Jud8eJnents
lth prepJrlDg thc4e fi￿ncIal Jt¥ttments the tr￿#¢ea have to make estknitts Ind *2wmpilons tht alTert ihe •nJounts
recognb5ed in th¢se A Th4nc41 stsrements. tuimaics and jud￿￿)￿ are 1x￿￿nually evaluated and are b3¥pA on hL*torliAI
exFricnLr and other F4ctot¥. Indudittg eX￿t￿)ng of future ¢Y¢Dts thAt beLt¥ed to ￿ rea5[￿le undrx the.
drcuin3tancu. 'fhcre Hre. no key ¥eats sthJleL% to ¢slim•tL% or judgtmenl ¥djuxmew would hayt # material cEfcL't
on the aixount$,
Income
AU Incom¢ u knduded th tht Stattrn¢Tht of FAnand*l AetitAiies when tht Cbarity is ejititled to the irto)rne, its retr.ipt 18
probabl¢ and the amounr ¢èth be qu•DtiPd with t￿￿. 4￿ry. 'n* foll0¥Y)￿ spedfic piid¢J art upplied to
particular categv￿É ofintome..
lknnatloos arc accouDt¥d for on a reLYiTrcd b*#ts. itgadfA ￿led on • rettlvable b¥i8, wheTh thE thnditioiw OF
vntltlemertt, p￿￿4]itY and Dxasuremellt are n]eL whe.re the wobab1ity and/or ineasurement triteria for lega¢4CS ¥Dd
domtiottJ arc not 5AtÈ5f￿d aj at tF*b•hDce thcet d#t hui subsquent e.v¢nts re￿1Ve such tbat C￿te.ri1
Ire inet. ￿ adjwtment is made to YecwLR thE ]nL￿¢. fwloughlng8r4ttts •trc rccogniaed tsn a re￿7vable baJi$.

KiDg'y School, R￿h¢ster
page 22
NOTRS TO THE FINANCIAL STATEMWW3 F(IR THP. YEAH ENDED 31 AUGUST 2020
Pocs rerLival)le indudes b(*h ￿7 tuldoTr 4nd other fc¢ry •nd re&ryes, nct vf stholarthip& •nd rcmisxon$, is
*ccouoie.d for In the perlod Jn wknth ihe wvitr ia Y¢￿&d. G¢J￿ra1 tuitiun fecs all amttunts in rdation to
tuition, kn¥dingaThd lunchcs.
Invt$bn￿It iNLY)me is actounted for Sn tht in whi& thc dwity ￿ emiided to re￿IPt.
Rent Qod Snterest ts a(￿Untedl0r on an actru41s IA811.
Expenditurc
.X￿nditure arc accounte.d for on an ar£r￿ts ba¥i¥. E%pendAturc is allocated w expense h¢8dings ()n ¥ direct cosr hasis
Ccpt for ccntral rA)tt.% whi<& 2r¢ aPpOrti(￿L¥l on the thc GtsFcrnord' ertimatc of tÈmc Epcnt on the rc]evaTht
runr.tirJni.
,xptndsiure or> ralsing funds Ltynprtst the costs ¥￿rated with *ttyacknig volvotary Income. thp. crY4ts of trading for
fundraising piJrposc8 tnd Ilthlnty. tosts.
Lharitable expeoditurt ￿mPriSeS those cosis inturred by the (hrity in the d￿v(￿y of 11$ *￿i¥lli￿A and w¥ite5 for its
ita¥ics, Ir inct￿4t5 costs thst can be allorated a￿￿llY ro aL*J¥itles and th)se of an indirer* natur¢
t￿t5*¥rY to $upwJrt them.
Supp)rt cost8 ￿ese￿t rtaifaThd otlv th(J]rred in dirrdly wrting the teaching fi]ndion and general running 4)f
tTr￿ ￿￿￿01. Cjtsvernantt 0>sts include e.y*nditure ott cojnpliance with con3tityuonal •nd Etatutory r4uirements. Tljese
#re Included ￿th￿Tr wrt costs.
Grants BurJaries
Grarbts andbuT33ries frorn rcstrirted fiinds are Induded a5exwdilure. intbe period forwhld) the award tsgiverb. Hursarie¥
and alloivanctts from unrr.strirted fuftdi towar& fces at thc SchcK)1s are treated as a redu(*ion in those feu.
Tangible Fixed knets and Depre{￿￿0￿
¢¢htsld and le41d￿ja land and buildthgs are thdu&d in ￿ bajancc theei •i • v•lwdon by Me¥v8 Burki]l Johnson
Mestys Mith￿ Augern, ChattrJed ￿r¥ey0r1 at irlcwraiion on I Sepwobty 1999. wlth •ddit50DS •t)cé. tknt date
Indtsded at cost.
Eyendkture orb repatr5 and alteTation5 vihich do not •dd valv to thé wiw. ii IknFd to the Statem¢ni of Finandai
A￿VItIeS In the finandal year in whithlt is Tr￿￿rred.
Dcpreoation otfveehold bullth'ngs 18 yovidd on • slrn*h¢lineb*w 10. 20. 30 athd so ye•r2.
Depreryatson OF Icaseknld build,.
gs ts provided on a straight ]srte basil over thE Ime-wred portion of thc It￿e0, the
rem*lnlns u¥cFui life ofexh buddkng, or SO ￿ whk&eYer IB thorte#.
Expcndiiurè on furnitrjrt and eqtsiwent. ftytyJre5and fittinpand Yehklu with a minlmum project value oF£i (KK). which
have an eX[￿tea usefvl life in exc&% of one year, are Jndu&d in the balantt shttt ai cort. Deyeciatlon 13 proi'ided on
5tralght.line basts at rates varying beiiyeen 5% and 25%. Exwdihjre an smaller items Is chr%ed to the Ststement of
Finandal Activides in the yèAr ofywStK)n.
Iryvc*¢rnent Property
The investmerbt properly is induded at f41r value at aT¥ll￿￿on o)mpletedby Ltdgtrrn￿ Llmited {Cbwtered Swyeyors)
at 31 Auguat 2018.
Fitxatttlai Inuttuments
Basic P￿1￿£1111￿$trUrnrnts trgnsaaion¥ th&t reAdt th the ¥eLx¥￿1tiott of finm041 •56cts Irabllitles Ilke trade •Dd other
acoyjtytsreeelwable ￿d￿￿ble. èreacoouThicdfor on the fo]bw1￿ ba5i•'.

King's School. Rocluter
p4e 23
NOTESTO THE FIN.4NCIAL STATrMFNtS K)R THÈ YEAR FNDED 31 AUGusf 2020
Jnv¢Jtmonti
Invesuncnts hcjd fcT the long.tfjm to gtnerat¢ irLityme or i#i*ul wwth •re caTrid at f•lr Yalue *8 fixed uJeti. The
al￿nentoFFl￿2ncLal Actiyktits thdii¢ks the nct?kns and105Sts aYi$ingon rovaluaknons and diws41& throughoutthe year.
Cdth ¢odc￿￿ ¢qulval6rJts
C*th and c4th 4ulvalertu Indudea tath in de*th held it banks. other aF￿.ter￿ Mghly Iiquld inv¢stmenty wlth
or&&tsal ma¢uritles ofthreemLntknor lestandbwtkovu&afts. Bankover&a(ts. wheo*ppltdlt. greshol￿wI￿.noj1rent
liabilitiu.
D¢btorsLTfjd ￿edit￿lS
Debton and crediion art measurtd It the tra￿th•on Iw *Dy provision for iJTJpalrment. Any lo5w from
IMpthinent￿ re¢ogtsl*d Is eXpendity￿.
Bonl borrowln85
iJabilities for knrr0Win￿ whith art suwert toa m¥ket Ate of intcre5t ¥te me*yJreA at the Yalue of the*mwAt1dvanr￿d,
lesi r.¥ital repiyments.
Fre odvanu Jchtth¢
Thc &th¢Jol h3s an ad%ryoL% Fec¥ sthemt whereby p¥ents aThd od*rs maL-e advar￿e ￿Yments. which togethcr with the
Ib5count auyuing thtreon. provide. lor a ￿trI}x￿On eackn towards the pupils, leex. The capitsl ￿rti0Th
outstartding bs re£ogr)Ised a8 a Ji3hility aod amouni of di8couut Crysralji￿ th¢ year is I￿ud¢d io the S￿￿ment OF
Financial Artivities.
Stockq
Consumable.%tocksTr provision&. Itati0r￿rY and Sd￿1 IM)oks wc tharged io the Ststemeotof Flnanctal AeUvltlc4 Irh the Far
of purch•*. Stock8 of So￿￿ for re￿Ie are stated at the lowcr o(coA and net realknahle Val￿..
Pttt$lOI>S
The School ow•tu P￿.4￿￿ 8d*rnfs ts> proyth retlreiAent lTheBtJ kn (￿rth￿ *aff membert, 'Ik penslDn
charged tts the Ststemcnt of F￿aTb¢I•l ALtiYiii¥ arc dertrnined ay FdloTWS:
The TeadJer¥' PeTr￿)n &4)erht-Thu8dJtmets • muiti.eDyploww¥ion srkn. It & no¢pJsibletoi&Thtify the School,
thare of the utJ¢krlying w.ls and liabjkn.tw of tht Te¥hers' Pemkn Sdwnr on a <￿￿￿1Stent 2nd rcasonalilc and
thereForc, as regulred by fRS102, •￿0￿1￿ for the athme as If it * dekned rJJntrthution the. The School's
contribtstlong, whkh are in 4ceordaoce withthe rewmmeDdatyons oFthe C70V¢fDMe￿[ Actuary? ar¢ rjmrged In ￿r50d
In whkh the ga]arles to whld) relate are p*yablr.
The PeDJion6 Trn31 sth.me li g mull1-ern￿YCr &fitd beneftt xhernc hr the SthDoI'6 share of the UtderlylThg
asa¢ts•ndli3biiitieJ tsni1ntbcscwa￿Y kndBcd. Thisth*Thc istherefiye &￿￿77tedftsr ag a defined ￿￿tribu￿On sthethe
in I￿r￿nce Mlth ycdion 28 OF FRS102 #Dd agrd pensffi(￿ defidt fun&ig ¥re yovided for a th8￿nted
b￿5.
Opcrating Leayc
Renra]s for operatiag kw art dkrgtd to the Statrmentof11]J•na*l A£dvlUes xs they Ire inoxted.
Funds
Unrestrict¢d f￿￿tS are those 3v*l•ble. io &Jrthetr thE &knl'Bdarit4bk ohJects atthe &retK>n of ￿ Govcrnor¥.
lie2trictedfiJn& are monitt that aretrjb￿1￿ to rutrKth by & ￿)n￿￿.
Pcrtnantht endnwed fimd5 ¥r¢ fuDd8 wh￿e theiYi8lnaie4pltal must
￿￿n￿ble f￿daY¥Ment fijnds are fund8whtr¢ th¢ori8xd amtal hewnvcrted thfo for sp¢ndkngeJthcr 4t
the aownors, owo discretton.

King's School, Rochostsr
pag¢ 24
NOTESTO THE FINANCIAL sfAYeMPNTS FOR THE YEAR ENDBD 31 AUGUST 20x1
2 RECEIVABLE
2020
2019
Gw¥5 FCOJ
9th94,754
(1.164765)
8U31.989
13.731
BJ45,720
10,462.fA9
{l.M8,2751
9.014,374
15.544
9.029.918
IlursJrie¥ funded by pe4tr￿d fund
Receivable
3 DONATIONS AND GRA Trirs
DOD3t￿n8 and granta incomc Indwk¥ fur1￿￿ d £SH.285 dath)ed hy the durth% the year (2019..
).
4 EXPENDITURE FROM TRADING SUBSIDIARY
Trading 3cJiviiies not conncaed wit* thG ChariLy'5pury. L71Jicd CHJt by Roll¥ Ixil (ttrfjbwlly Ilutnbtr 02fj.156991,
a wlhouy oi¥ne.d wbsidiary e(bmpny. The ¢xJmpany tr3nBfcrs taxable wofits by C>ift Aid to the SCI￿01.
2020
2019
Turnover
Rentand CommiNion Rec¢iv4b]E
130.
394,213
524,919
5J6.235
37,
TNdfftg InmTDe
J67JU
36%148
431,823
Cost oFs*lu
uklingctsstst*&rgtd by Kirfg
Tradi￿ ￿XpenS
Crnss Lo55
Adrninlstrauve tx*ts
574,135
194759)
(S,3021
(94Wtr1)
{49,216}
OpetsiiD8 Loss
lrtttrtst ppble to >4￿1
Net to
Ciftaid
(S5.197)
19Wi)
(55,197)
Retained I05B for theycar
061
55,19
Balance Shcet
Fixtd Aas¢ts
st￿k
Dthtor
414990
1938
15,050
173.763
(46JB8)
454.524
9.472
108.729
224.484
(136,795)
th•t bAnk
CYtaitor¥ dué < l year
Crditors due > l year
Net li•bilitieJ
537
1439,586).
Shart rapitalAnd rt&¢rwea
Sjwr. ￿¢41
ProPit Ind l¢¥saccount
(S37,74
S37h47
{439,686}
￿4￿lty shartholderafwids
(439,586
£50,510 (2Q19- ÉS7,7551 of turnover and £so,510 (201y.. 151.755> or(￿t of relate to tr•ntsa￿0ns with Kin<¥
SclM)ol, Rochp4ier. These have been dSn)In*ed on o)nxslid*oon.

King's School, Ro¢hest¢r
pw25
NOTPS TO THE FINANCIAL STATEME￿ FOR THE YIAR ENDBD 31 AUGusf 2020
NET MOVLMFM IY FUNDS
2020
201Y
movement in funds is 8t•tsd iittr&ATh.'
tky¢thtion d>irge for theyc4r
T•D8ible r￿ed •Rets trwned
Owtsrtg Icale PXJtheillS
423,616
439,SY4
111.012
Koffa Llmlttd
17.667
A￿ltOrS. remw￿￿tiOTr for•uditx¥*K
ng's Sth(d. Rothe#
tsrnitd
14.1
4450
4,250
6.875
Auditorg, teinuner*LiOtt for other servWI

King's Sch(K•l, Rochester
page 26
NOTFS TO THE FANANCtAL sfATEMENTS FOR THE Ywi ENDED 31 AUGUST 2020
6 EMPLOYEE INFORMATION
The aycrage. weekly nuinbty of wlo)res duringthe. year mde up * f￿￿>￿7.
2019
Numbet
4umb¢r
1eachlng Sta(f
OthcTr Sla
Roffa Limited
133
17
17
262
257
Smpjoyee
staly￿E5
SDlarir.S ￿a￿lse
5odal See￿￿tY ttbi4
5788J22
514597
848.1 Irs
5,838.8
521.fi37
>83,796
7,155.037
6.950.3LX)
During theyear thert werc no trJmiwtion p)'mentu for the &knl rjrfor Hoffa Urtiited (2019.. £6.892 For the S&ol
aDd £6.988 Ro￿a limlted).
The numb￿ of tmpLoytts tarjjing £60,IN)) in the year were:
2019
NumI￿r
£60.001 . %70.IJXI
)D,(M)I . £IIM>,<KK)
£1 10,th)0- 4120,￿)
Three GO19.. Three) of ihe eJnployee¥ earn5￿ rnore. tFATh are member4 of thc'l t4cheri' Penslon &heme.
One tsf the employees tsrnlngmtre th•n £60,(#XI is a rnernbu ora deme by thc Jndryerldent S(knJi' Ptxlsio
heJne.
Kty maDage4nent per￿n￿e1
The. mana&ement roles In the xknl were t￿ Govunors, wkn ￿ not p•id. thc Princip], Headmastrr of tht.
Prepratory SchiK>I, Headmi8tres¥ ofthe Prt.yeparnw SLknI and the ISUr￿ & C]eTk io thc aovernor3. Their total
ernolume￿r5 iThcludingbeDefits andemEdoyer'sp*tslonand fAtsonal insura1￿ L*)htributions pth was £433,03J (2019..
L428,H.51.
Transa¢dob# Ivlth GoveYnor8
None ofthe Qovernor5 recdved any TeM￿￿ali0n durthg tlK Ptr(od (2019.. £Nil). The 4greg¥te arnDunt ofexFn5¢5
rèimburmed io Covtrnor8 during thc ￿ was sNil (2019: £50-travd eJpenstt For i)ne Govcrnor). Two thildren or
one Covernor attended Klnls and they rettiyed some a*siJtanc¢ ioward5 pymemt OF 8cl)ool fees on an ¥rrns-
le.ngth bali3.
l)Dnadon8 totsUlThg &2.443 {201Y.. ￿.216) wwe rece4ved from GovwA>rs durIngthe￿.

Kin8's School, Rochestsr
a8e Z7
.YOTES TO THE FINANCIAL STATEMETh FOR THB Y£AR ENDBD JI AUGUST Y12
7 ANALYSIS OFTOTAL EXPENDITURE
Ot
DrFtd&tto
2020
Charitsbleactivitlfs
Educ41tan
Prtrniiu
Welfare
Supprt
Governwtt colts
Grants, 3vArdi Bnd pritti
5.40¥.450
428.711
402,848
720,930
433.
627.865
225,369
2,2rg
24.405
18.9il
I,W2.373
Sg,919
298.5L
1>,274
10.634
5,897073
I,JS5,140
643,491
.303043
24.405
14gSI
9243,703
6.956W9
384.331
Costx olraisingfund¥
In¢ereit p4rbl¢
Total forcharity
956W9
lJ)2.427
384.331
9?43.757
TT*ding costs dthe th&¥ry
T￿￿#] forgroup
IY8.038
194.503
39,285
431,826
7.155,•37
2,096,930
423,616
9,675,583
Compar*iive Analylis of Total Expeoaiture:
Other
DEPTpoatiort
2019
Charitableactiviti
Schotylwatsft4 rAts.'
Educats
PrcErA
Wr.Ifv¢
5.176,762
415,232
HS,246
692,184
491.148
635.912
30S,1110
513.1
23,679
19,456
l.Y88.H2
5,742,7
.353,472
761,804
l.215.m
23,679
19,*56
9.116,987
302.328
10.579
CY&Dts. 8vaTds4nd pr¢
6.729,424
399.221
Cost• ofrAiJlng f4Uidg
Ihrerut pJpbk
Totsl forch•*ity
6.729."424
J.991.131
399.221
9,1 19,783
220,876
274.9B)
40.371
536,23?
Total forgroup
6.950.3
2.266,121
439.594
Y.656,015

King's School, Rochester
page 28
NOTES TO THE FllNANC.IAL sfATSMENTS FOR THE YEAR FblDED 31 AUGU￿ 1120
8 SCHOOLAND CROUPTANGIBLF A&SEt3
Grtsup
Fref&•ld a
bthid
LO￿]d Vthd¢5aud
b¥*l&ngJ
Eylwcnt
Cost or valuatio
At I ￿￿[￿ber 2019
AddiliDJJS
12,697.2CIJ
12.¢K
2,37).fll
2.IXI,033
t￿,714
{7.168
17,397,943
114774
7,168
At 31 Au8u¥t
14709,269
2,170.701
2,427,579
17,507,S49
Dtprnciatio
At I Septembtx 2019
3,313.051
201.033
880_561
1.687,552
142,646
,168)
S,881,164
42Jth16
L)l$P￿lS
At31 2020
J.S17M4
9S7,498
,8ZI,010
A2Y7,612
I'otal ne¢ book value
At 31 Au8UJt2020
9.l92,18S
1.4JJ,20J
14,549
11.209.937
Tvtsl nttlyxjk
At I Seplembtr 2019
9.38*.1.58
1.*90.140
642,481
1).$16.T19
School
Frc£holdhttd
bJilth"y
I￿la
bwldin85
Vchide*xod
Tots]
Cost or waluatio
Ar l 8cpt¢mk*r 2019
Additi¢knt
12,6YI,209
12,L¥4)
,795,475
2.215.205
103.963
,168)
16,707,889
114023
7.16
At31 A￿￿5t 2020
12,709,269
1.79S,47S
4312.lx
16AI4744
Deproei•*itsn
At I Septemkn 2019
ProVidi￿d￿ring y¢•t
Diyls
3,313.DSI
20*.033
T23,5Y)
4S.617
1,608,984
134.681
17,1681
S,615ffi34
384,331
7,168
Ai31 Ayt 2D20
J,517,
769216
1,734497
4024797
TotAI net book Y*lue
At 31 Au8¥St 2020
9,192,185
tO2&259
S75￿03
10.793.947
Total net bookvaluE
AL I SeHrrnbEr 2019
9.38*,158
I,071,￿6
6(6,221
11,062.255
None ofihe building5 ly land arc hdd for invpJtmtTht pw.
On the formarlon oFtht Compny¥ Cfrtain exbdow¢d pytk4 hver¢taiThEd by • xprateairity. R0d￿s￿r Cathedral
Kings School Endowmeni I.T￿t (CFrarlty Nwnber 307922).

King's School, R￿b¢ster
pag¢ 29
N￿r&STo THE FINANCIAL ￿ArE￿IENTs FOR THE YEAR kTh'DED JI AUGUST 2020
9 FIXED ASSET INVRSTMFJITS
Group
Fnve5tmeoi
Prtv
To
InveJtff*nts
M¥k¢t Y41ue l &ptember 2019
Reinvrsted irKome/addilion8
Unreall￿￿oritOD reV4]Uat￿ w m2Tkei value
41arkrtval¥e JI Ayt 2020
285.W)
2,C4)5,932
16.617
72,264
42*),932
16.617
,261
2.379013
285,(
4094013
Sthool
Q4Loled
VErtments
In¥eth￿Tht
Vrtyprrty
Market Yaluc 1 kpwnlxr 2019
Rejnvtsled 6r￿c￿e/lda1t6ons
ImpAlrmElJt
Unreab*d Fmfjt ort rCy￿￿tIon ID vwkrt
Yalue
285,
2,(￿,932
16,617
JJ91.032
16,617
(514,(th)
{514.ikX))
.Z6¢
72.264
M•rkrt y￿Ue 31 Auguat 2020
5841
2,094llJ
L96S,913
The lftYe?imeftt ID the 3ubwdiJry* LSmii¢d rtpre*nN i¢Th of the cfknpuy'l shar¢ rapid oTrg £i,IlKJ.LKNJ of Redumablc
Shuu. Foll¢>￿￿ IfA*i Roffé ljmited zThd w Itnwmentrevt¢w ptrformed by'l'rtwteei. the licdttfrt&le .5b4r¢s Ik7ve
wpfjtten d)wA to the fTU5t¢ts' eJtiDUte af th"r TerovtJahlÈ attlOunL ljmtkd inL¥JrpM3ttd in Mir& 1988, iti prinupil
¥tfyitieB the afasports ctAtre. leWoFxknol prerniw andr£lated{￿￿b￿¥￿d Il* >ieuf¢ontÈcbonery aod
a&s.

King's SchooL Rochestsr
page 30
f40TFS TO THE FINANCIAL STATEhlENfs K)R THE YEAR ENDRD JI AUGUST 2020
10 DEBTORS
Group
School
2019
2019
,132
75.635
211,652
170,360
3.095
223.740
4,755
401,950
87,132
19,4GO
159,098
S￿drY dcbtor4
Vrtpid
Roifg Limil2d-jrsLeTLY)nipatty
18,l4S
223,740
412245
374.419
280,804
tl CREDITORS: AMOUNfs FALLING DUE )VITHIN ONE YEAR
CTOUP
School
2D2
201Y
2020
2019
nk borro￿
TraLlt trEdiltl¥
PTepJid fees
Fees in Ihote 13}
Pupil depJ4ts
Tè¥ation and social 5er.urity
Pensitsn deftdt
contrlbtstioJJs (notc I
Othtrcttdiiors
A¢trued
69,031
69,031
IOJ.802
557071
34J.803
36,Y16
14333
ioJ,%02
557,471
343,803
J6,976
126A33
463.1K)3
349,546
48.020
16i.S35
463,OD3
349,546
48,020
132,177
49J37
258017
141 J?S
1,617J14
48,1
171.763
183.368
t.674,425
49,JJ7
228,812
J29,117
I,S75,681
171,763
JS1,543
1,552,744
12 CREDITORS: AMOUFnS FALLING DUE AFfFJi MORETHLW OTriE YEAR
GTOUP
SL'h•ol
2019
2ll20
2019
Pen￿On ddl(it red￿￿0
IntribuiionE (nott 17)
rt*s in adviatt (note 13)
Pupll depodts
445,728
248.421
J48,768
1,042.917
$09,fy
155.158
394.897
l.Oi9.055
145.72N
248.421
348.768
1.042,917
5(PJ,I
155,158
394,897
1,0>9,0Si
kboYtDiY* $¢2uTtyI by pkdgt oThtF* thd'JpropEity. rew4 Ortober 2019 al•r*inlerut rate
0.7%4bove ba# T•te.

Klng's School, Roch&4ter
P•8e31
NOTAS TO THE FINANCIAL sfATBME14TS FOR THB YEAR WIDED JI AUGUST 2020
13. FEES IN ADYANCE
rcnts havt the option sdN)ol rtu in for •tF¢T Wt oFor the whok th*i th¢ wl ts At the sthool. The
money is returned iftbe &ild ￿ withdrawnfr￿n thes￿￿1. ￿teran￿O￿￿1￿￿i￿ &durt¢d •nd amountsowlng ¥¢ 4dd¢d.
Assumi￿ pupils will remaln th the 8th001. ad*ancd fe& will 6t4pliedu folkTrws'.
2020
2019
within one year
343,803
349,546
Within ¢￿¢ to two yt¥&
Ivlthjn h¥0 to fl¥e years
134.027
114.391
24S421
592?24
103,446
504,704
'l%t Movem￿1￿ durlng tht yt4r werE=
I Seprernbu 2019
Additsons to thme
P&yn)entJ oFfets
Baiancc at 31 A￿uSt I￿20
,71M
463,176
375.&56
592.224
478,663
537,S97
$04,7U4
14 ALLOCATION OF GROUP ASSEts
ble bsxt6
NitLwrent
t¢rrn
At 31 2020
Uthre5trided fund8
Restritted
ExpEndable Fdoivme4t
Permgneni FndrJ%vmerJt
10.102.2to
1.18S.395
1.498.￿7
6.920
58,725
169,275)
1,495,170
11.¢M2.917)
11.743,488
6,920
1.253.143
I,VJ8,452
14,042,W3
I..JIYP,717
11.))9,937
4J79,813
1,041917
CompaAtive Allocation ofGroup NetA*srt
'I'￿Ibl¢ll%tts
Netojtrent
At 31 Au8llOt 2019
Unrtstrknd f￿1
10.39*.613
1.122.574
1.529.1HS
(1.059.055)
11.987.177
6.9ll)
1,223.698
1,052,891
14,270.686
Expendablt F￿d0v￿ent
Perth￿¢llt Endo*thent
1,168.3S8
55340
169.2751
1.522,(130
1,12?.166
17,516,79
2,291),932
{1,059,Oi.5)

King's S¢hool, Rochdter
NOTES TO THE FINANCIAL sfATEMENTS FOKTHE YEAR ENDED 31 AUGU￿ 2020
IS FUNDS
Isa Unrtstri¢ted Funds
Unrestric¢tsl Fund8-Gro
It 31
Aupt 2019
. Income
Invertm￿ts
galns/
B#laThL'¢ at31
Augupt a120
GEnera) Fund
Burgry
11,423.950
l.fJX,9T3
12,*26.863
1439,686)
I 1,981,177
9,019.359
15.454
9,034.813
317,638
9,152,451
(Y.226.645)
1>1.84
84.050
11,178A18
,102,417
l2,281,21S
537,747
11,743,4&8
19.226,645)
{415,699)
(9.644344)
SUb%di￿
44J14
Unrwtrl¢ted funds- Sch¢M
eD¢ral fiittd
F￿r5)rY Fiind
11.423.9SO
I,¢Jk.l)13
1442W
9.OIY.3)9
15.454
9.034,813
(9,226.645}
1551,846)
84,050
{467,796)
10,664,818
I,I02.417
11,767.21S
(9.224645)
CoJnparatSv•2019
lan￿ gt JI
A¥wt 2018
i¢ure
InvÈltnieJJt*
ns10(w3esl
huR¥st 2019
Urtrttitrict¢d Fur4ds- Group
Te.np.ral fund
Bur￿ furd
11,2Y2.648
974,741
12.267,389
1384.4891
11.88? XX>
9,201.890
(9,10).190)
29.602
28,172
57,774
11,423.95()
I,tx)2,913
12,426.%3
(43Y,686
11,987,177
9,201.
467.1
9.669.054
19, lQ),190)
(522.3611
(9.622,551)
S7.Tr4
VnTO8trict￿ Funds-school
Cenetal futbl
Jr8Jry Furd
11.292,64B
974.741
12.267,389
9,201,NJ
29,602
28,172
57,774
11,423.95D
I,￿2.¥13
12,426,863
9,201.WXI
(9,1(K).190)
Isb Restriettd FundJ-Gft>up and School
BaL4rMEat 31
Au8Wt 2019
FJF*rtd[t￿e
Tt¥rfeN BalaDL¥J •131
Au8USt 2120
RtJtsicted Fuadi
P¥oiert Pund
4920
6.gX)
eornpamtlye 2019
at 31
Augurt 2011
Trnnsfrzs
D￿*51
2019
REatrl4Xed Fundj
Gr*rtd Piano Fund
10.260
33.340
{36.6801

King's Sch¢boI, Roehesler
pay 33
NOTBS TO THE FIPIAYCIAL ￿ATEM￿rS FOR THE YEAK ENDED 31 AUGU￿ X)20
IS FUNDS leontlAued)
15e EhdowmentFunds- Grnup and Sthool
Endowment Fundg
•t31
Awt2019
lttv¢stJ)*4b
B&lance at 31
August 2020
ID5%e51
ElPe￿I¢ kndobmxent Fwd
Cicoffrey Humsworth TTUrt
Au8UStlne CArntu fw
RCKSEr
4.4(Yg
gJ,126
159.163
,223,698
J,052.89l
276589
IIS,038)
26.4?2
l.W13J36
89,985
IS9022
1,253.143
I,OJ8,452
2,291.$95
4,642
22,185
(3.762)
118,8001
114.4391
(33.2J9)
[221)
26.0&)
Pernydnent Eftthwment
Endowwetht Fund5Tota
,185
24(
evmyaratl¥e 2019
EndoMm¢nt
I￿ll￿tat 31
201
ptnditute
IJLytskn￿ll[s
ir￿/
lom)
at 31
G￿rtY H4TmsworthTftui
AUg￿linE Cnrn¢U r.w
y6*,872
83,861
147,4¢9
1.196.lJ2
k.067.330
2,263.462
12.3Crf
(13.4211
io,
G,265
9,8
26,849
974,409
90,126
IS9,163
1,223.6Y8
1,052,891
2,276,S89
KCLSL,-r
7,HZ
19.742
(s,(Th)
{19,0251
{1¢.439)
(33.464)
P¢TJJw*ntÈnd¢mrDeDt Fund5
EThdowment FuAdsTotsi
IY.742
26.849
The Porm8nentEftdowrd rfpropttduuxd by thescknd. TrK F￿￿Tra*ble kndowrnthl F￿¢￿15 (Nrtprts
of Ixquests ftbrpr¥Le? 4 leFy for thE Telief ￿l￿a4￿p.
Au8uoino CArneli is ro ts) prn￿de trnyel pthx# toslxth Firm
Yht Mwlc Frcicrt FUTh4 i¥ to be uled for 4 y4e£t. ¥yaE obtalThÈd kn fv. dmor to Ihe pllrp￿ rjf the
rem46wn8bthn￿ on the lund followi￿ tbe purdKy dag[￿ w. Trao4trsJn 2019 repTuenied fuud$speDi oo Pjxed a35Et8.
'Thc Bwfyknl knc(In￿￿xKSUntsts tobe rdrtvtiteduThu1stknreachdwJfftdeTht￿ wm*ke•worthwknle con￿￿￿110￿ tvbuthtl¢¥
pupk¥.

King's School, Rochester
pw34
NOTES TO THR NNANCIAL STATBhlETrrfs FOR THE YKiR &WDED 31 AuGu￿r 202
16 FINANCIAL COMMITMWS
to1￿ ofthefuDJr¢ IewpayJ￿its/I the end of the ye4rate.'
zo))
Land
buildin
2019
L4nd ind
]di
Not latsrthD l yc4r
l*ter iknn l year andnut l•tw tb
S ye4TS
IAier tF4n 5 yf4ry
l31￿12
131.012
413W6
1.771,(67
524.¢H8
1.791,667
l315,71S
2,446,727
2020
2019
Capital o>rnNlitrn¢nt¥ at JI Atsgts$t
AFfruved•hdix)ntt*xd ffjt
17 PENSION CONTRIBUTIONS
mpthy optrntes t*'opt45ion KJxtnt¥. bothof which w￿]de benefitr Ixyed a final FNSonable Jalary.
Teach¢rg' Pehsiort Schtme
Thc S￿￿1 paTtlrlpatrs in the TearJJen' Pujslon khemf. Cthe. Tr5i for teadsng stsfF."I'ILe penEion tharge. for the
year indudes c0ntnbuti0￿ ppble to the 'l-PS of L785.525 12019: £534.289> ￿. the year-e￿a £93,580 <2019 -
47Q,737) was •cr.rned ITh respect of contributiono tc+ ihts #d￿7¢.
'1lrt 'l'PS an uhFuhded mulri.eJnployer defirtd I￿ts pwion sd￿￿¢ govettr￿d by The. I'tachers, Pen￿0￿1
Rtgulations 2nio (￿ arnended) and The TeatheTi' Pthsion kne Rtgulètions 2014 I￿ ¥mended}. NlcrnbeTS
coDtrihure on * as y go. bayis ￿7th CXJt)rriFwtions from membus and the emp1￿cr being c￿l¢ca to thE
Ex<Aequcr. Rc(IreJnellt andothtt ptDsion btyxefitJ*re F•"d byphlic fiLnds provided by Parliam¢ni.
Tk empk>ycr Ix>Dtributlon rdtr Is Jct by the knetary OF Sta& Follv¥ving %Treme vèlu¥tlons undertaken by t
Guve.rnment Attuary'i DeprtrnrJJt. Thp. m1>5t reixnt act￿rial v¥lLuUon of theTP8 was Pr￿tred ￿ at 3 L M•rcth 2016
and the. Viluation Rtport, which Mar& 2019. cob¥trmed that& Ernployer (J)ntTibulJon rate for the
TPS Lntre*se from 16.4% to 23.6% from I 2019. FmPloy¢￿ *re ￿£0 requlred to pay a 5dJeme.
tdmirti5tratlon le.yy of 0.08% i toial employer contrkntion rate of 23.68%.
The 31 Mtrth 2016 Valuation Reprt PTepand in acovdance I￿th the bcnefits aet outin the schcme wlatlons
and under thc approxh ydRed th the Djreeri￿￿. •s they applitA 4t S M*rch 2019. Howcyty, the &llumptSons weTe.
considucd and Eet by the Deparlment for Eduation prior to the rulingin the',McCloudlSarpnt cast,. Tbis cue has
r4ulred the wurt5 to consider ￿Se1 rYrdi￿ the wlernemtstion of th£ 2015 rdorms th Pub]Jc Service Pcnslons
iThduding the rtaeher8' Pthskw.
On 27 June 2019 the￿￿me Court denied th¢gDyernrnUbtwi￿QTh to ¥ppe¥l the CtyJrtoFAppeal'sludgment that
transiilonal prov1s1o￿ introductd to the reJornied penilon *)knu 2015 gave rtse to urt]aM.fui age discrlminauon.
Tb¢ goverrÈrrLerst is restthng the Court'e dtCi61on and ha5 it V47U cn?ge Fully with tht Employment Tribunal as
employer and member rY￿ntstiveJ to agree knw the dix¥j"mi￿tsons will be remedied. A mnjultatioo was
laum&d by the govunment cffi 16 July 2020. •ttd dojed toresp)nsts on I l Orto￿r 2020.
The TPS is subjert io * C4p Mech￿11￿ whith In plact to PTOtect tsxpytn agknt unfoteseen changes ITh
ne costa. The (h'efsccretsry to thcTreasury> h4vtng In 20L8 artnoun￿ thttkere wthjldbea revitw of thts to
¢xp mechanism, in j￿Uary 2019 annOUr￿ * Pa￿ to tk med•ni*n followjng the Court ofAppea]'8 ruling
In the hi￿lo￿l￿r￿llt %WL tsntil there is certainty aknut the value Dfwon5 to employees from Awil 201S
onwar&. The pause lffted ln July 2020 aThd government ts prepaT5nE to Lxbtxpiete thE W•t control element of
the 20L6 vaiualiony, which is experted ro be completed th 2021.

King's ScbooL RIKhe4ter
p•g¢ 35
NOTES TO THE FINANCIAL sfATEMFMS FOR THE YEAR ENDED 31 AUGUST 2020
17 PENSIOTri C0Tr4TRJBimolis (cotstlftue41)
T¢*ehers' Pen¥lon Stheme (0)ntinu￿)
ID vlew oFitr* abo￿ TU]ings 4ThJ dc¢iJlons the as8umplionJ in the 31 Marth 2016 Aau•rial V41uation may beu>me
Inappropriate. In thi$scenorAo.a Val￿￿tiOnpreP4red inac(x)r&ntrwith revisedbcneRtsand 9ultthlyrevisedas8umpuon8
would reld diffeJent tkn those omtiined ID the Ar*u￿81 Vdttation.
Until tht contultaiion and the coat cap rnthnkn) review are. wk¢ed It is not po&siblc io rxjnclude on èny fLnanci•l
iTnpatt OT futurc dkthgti to the Lx•ntribution rdies of th¢ Trs. AIEordingly no Wovision (or Iny dditional p¥4t btn&it
Sion costs Li indvdcd in theJe finarKiI statements.
Independettt Schoo15' pe￿10Th Schtmc (oFAted by the Pem$AOnS Trust)
Some support￿4 adrrLinistrativettatfarememFersof addLned btnefltwon ￿herne run by VerityTru&tw Undted.
Verity li the TIu8tee of rhe Perjsiorts Tri1￿ for Ch¥r5ties ¥nd Voluntary OyN¥ations. the pemion Echeme. h•B become
port ofThe Independentsd￿01S, Pen￿o￿5¢he￿n¢ (ISPS). a$C￿.Me wit1l￿ theTruu. The ¢mployeer2ip. of cottiribution
in thc year wa8 8.35OA. the Scknl's contribution vns 10.95%. The ISPS schemc IA a muld-¢mp]oyu 4leflnp.d bwieftt.
¥c.hemc with guar￿le￿ benefits For (iJrrent fonimy enwioyeu Trf the formtr gdbeme oj) 118(th fif lithal
¥Jlary.
The sd1￿[ would have a liability ifir ceased to pru•pie in tht ISPS whirth 11 30 Sepreinbtr 1017 was ulculaicd as
£2,965,61S. 'Ilbe next ￿l￿atrOn •r 30 September 2020 (v2h￿￿on retM)rt l)•9 Dot yet i)oen publsthed). A% thc
School currently hal no plans to leave the ￿t, thu wniiThgerit Ihbility h•0 not beRn w0￿ded for ITI tbr 0¢￿￿nts,
qnd as the Actll￿ ts unable to identify its share of the un&rlyu% aud li4biltties #t 31 AuguBI 2020. the s¢hwne.
has been accounted for ￿ a defmd contribution Kheme * permitted by PRS102 and Contri￿l￿On$ are attouD¢ed for
wheTh due. Any wd ptThsion deR<it are F￿Vided for on a d￿D￿TrIEd E45ii.
'lthr. xhtfftt il 5ubjca to the funding Iylation oudined in thc Pensions ALt 2tM>¢ wme into fDrte 30
December 2(05. This, togeth*r wilh d0￿m￿tY iuued by the PeWilK￿ R4ulètor and Tcchrlitsl Aetuarsal StandaTILry'
5s8ua by the Hnancial Rq)tytin£ Counal. sel out thc framework for fundi￿ defind bencfit ￿tUPI￿onal penason
#eheme5 in the lJK.
Thc scheme is d￿￿fte￿ x a'lu¢.man sknding arrang￿￿. Therdore the Lwnpny is Ptr￿n1￿1￿Y other
tlcipèring emploFT&' (thlipions if thcoe ￿loyerS ¥re unable to meet their share ol the *htme deG¢iL followlng
wlthdrawal from the 5d*me. ParUc2Pt7￿ eryyloyTr8*re Iyuy r4u5rts4 to JrLeei their share vlthe schcme de.ficit on
an an¥)uity purctrwe basis withdrawal from the ￿￿￿[￿e.
A full actuarial Y*luatlon For the Tdtnie ￿led out at X) bW¢mbfJ 2017. 'fhia vaknattsn &k)w¢d 4sEe.ts rjf
£149.4m, liabilitics af £187.6m and 4 of £38.2m. To cli￿1￿1¢ thi> fuDding thoNf¥ll, the Truthe ajked th¢
rMrdop*tiDg ernploFri topy additbojd ttmtrii*rtiom to follow#:
Defjcit contributio
Fr¢)m I septem￿ 2017 to IOApril 2030
£2,387,357 per Intrt
(pyable. monthly and 1￿cTe¥S1￿8 by 1% t%h on 1st Stptembes)
The reLry>very pl•n alloEated to tach FxftscTatlThg unploytt In line wfith their utimatrd sh¥e of the
acTrKme liabl￿￿<1.
IVbcrethes(hemti6in dericltandwlvetke￿n￿nykn ¥grtedtoade￿itknd.
In
garraThwent the 8choolTwtses
a liabllity for th1$ I￿l￿tIon. The amrjunt recogni￿ Is the r*t ryt value of the deficit rcdu£tion contributiona
pipble undcr the weemfjjtthat rejiics to defiut. The￿￿t Value )• dculated using the dixY>uni rate detailed
b) the4e d￿￿OsUr￿..￿.kn unwindlngof thE dsLy)unt r*¢ is wi*d fitMKt cost.
The annual amount due by the xhool (rorn i Swi*r 2020 to 30 Ayil 20JO Is £4y.(￿ (payable monthly and
in¢xe*8iD£by 3%e¥h 15t*iemher).

KiDgls S¢hooL Rochester
Pa8¢ 36
NOTES TO THE FINANCIAL STATEMETrm FOR THE YEAR ETr¥￿￿D 31 AUGUST J120
Endcpendent SchooL%? PeMAOn Sthejne (operated by th¢ Pewlor￿ Trust)
2020
2019
ReLDncaitsvon oFopcnirJgand dothJgprovtsh)m:
Provi¥ion atrtart of per5od
' Unwinding of dSswunt fartor (Int¢r￿t cxw)
DeEcit (DntrilMJtith pid
Remtssurpjhtnts ￿im￿clo1 any thangc in *tyutnptio
557
$50
(48)
(23)
(471
43
Provlslott at end of perfjod
495
5.57
SpliLaS follows:
Due. With1￿ one ye4r
nuc after one ytsr
4y
44fi
+8
49S
557
A&SUMPTlONS
31 Atsgust 20a)
IS7
31 August 2019
31 August 2018
Aate ofdiswunt . %
annurn
The rttes thown above arc thE e(pinkTht iingk Ibxowii r8trJ whith, whcn u5cd kn di.qwuht the future
r+AY)Vtry pian contribution6 due. would&"Ye they￿￿¢ ruuits * u5iTrga full A.1 o)Fp￿tc￿￿d yield Lurvt todi5u)uni
thè.same recoyery plan contributions.
The cornpny riiusi ¥tÈognise * liJbllity mcwred ** the ￿elEnt T4luc of the Th)rttrfbutioni papble that aTlse from the.
deficit recovery igrcern￿t and the. rvAul¢ing c%pEtLK in the inwme aThl L¥￿nd1't￿re accaunt k.e. the unwinding df thp.
dfscount Tate. ès a nnatyct Lx>st in the period Y4hi(* iiarlaes. It ii thrJe contrd>utioni tIMt havebefn wed to derive the
compaDy'# balan￿ theet]iahility.
18 CONNEcfED CHARITIES
Uth a s&rne apprnved by the Charhy Commts4on on 16 Novernbtr 2(JYJ, the endowmr￿t fund5 in the &rity
kThown ￿ Rochester Cathed"r4"1 Grarnm4rSdbool vert retained in the (Jwity Under the nam¢ Rochester C*thtdtal
Klngs Sa￿1 Endowment .1 rust, and the non En&)wrnrJJt fwn&s wexe tra￿erred to Kthgs &knl Rothester.
School i# the trustee of the Endowrncnt Trwt.
Tbe ternjs tsf the Sckne ￿1P￿lItt that the proFwtresandinvcEtments In the FJLdowmeDt Trust*re htldfor the btht£t
of Kings School R<de5ter. AIxoTdingly. no rcnt is charged by ￿ Endt)winent'fru4t to the Schts)I whJ]e the Sthool
undertakes to maintain many d%a8geis ofthe Fm&)svmeThi Trwt.
Unsting Directions hai'e l*en tssued bythe Ckn£tS# Corntntsuoll all0￿￿&the rnmbination of financ￿1 It)FormatLon (or
King& School RIAestcr, Rvchesw KIDl¥ thoj Endowm￿￿1 Tn￿[ ('RCKSET') ￿ the GcolTtty
Flarmsworth Charitable Tru¥t.
19 RELATED PARTY TRANSACTJQP4S
There gre nts relatedw4rty to d￿d03¢ In the ￿￿rertt0r Fffiw YW.

King's School, Rochester
pag¢ 37
.YOTFS TO THE FINANCIAL sTAT￿lF￿￿s THE YEAR ENDBO 31 AUGusf 2020
STATE,MENT OF F1YANCJAL.4cri￿TlF￿
FOR THÉ YEAR EYDED 31 AUGUST 2019
Re5Ericta Endowed hJnd¥
Fu
'rotal
2019
INCOMB AND &YDOWMEriis
FROM..
IALMHne from (&aritsbk a¢ti¥itLttI
5thaol fceyTELwYJblc
Orker educationxl income
O¢h¢r tradiThg artivities
. Rent and tel￿￿*ble
9,02Y,918
41.578
9.029,918
41,578
182,793
373,124
17.969
23,612
5.237
188.030
373,124
Invf4tmen¢ incon
Donatiortx
thtr incomt
14.145
33,340
57.372
Toul Incornc
Y.W,054
33,340
19,742
9,?22.136
EXPThD)TURE ON:
Coyts ofr4i5in8 CundJ
Tr￿1￿8 expEn$
Inter¢st pyable
S36,232
SJG.232
2,796
539,028
539,W8
Charitsljlt actévitie
- Eduubo
- Pytmi5tE
- IYeif¥e
. sU￿rt0[￿￿1ng
- Grant5, •w4rdtand pr
Total dkarilabletx￿ndlQurc
Tot*L
5.742,706
1,336,193
761.￿4
I.238.￿8
3,912
9,083,523
9.622.551
5,742.7u6
1,3S3,472
?CTrl.804
1.239.549
19.4S6
9,116,98?
9,656,OIJ
17,279
641
15.SH
33,464
33.4
Ne* InC(Knel{¢xp￿di￿r￿) lJelor¢
Invtstment pins
Net invcstmcnt
Net ihcgmel(*xpenditure
46.S03
33.310
{13,Ti2)
26,849
13,127
66,121
47.943
114.064
6Y,$97
36,69U
104,2YI
33.340
36,6BO}
(3,3101
NEf MOTrEMEKf IN F(L4IDS
13,127
114.064
ReCOn¢114a￿0ft of luhds
Fund balattcey*t I Stpttmbtr 2018
. FUND B.4LANCES AT 31 AUGUST
2019
11,882
10.260
2,263.462
14,156,622
11,987,1
6,Y20
2,276,589
14,270,686