Charfty numlw.. 1193244 KrfE COLLEGE Tru8te•s' Report and Fln•nclal Statèmonts For the Year Ended 31 Augu¥t 2023 iaTE COLLEGE Refernnce •dAdmlnl•lratrrt D•talb of lh• ChArfty. ItsTftAt•￿ •nd Advl#•N Tru•1￿. R•port Trust•￿, Its*pon￿bIltl•• St•knwTht IDdep•nd•nt Audltw•' Ilwt on tho PlThanGlal Stknnl* 8.10 11 B•l•n¢• 8lw¢ 12 t3 ot•• to th• Fkn•nd*l Stat•m•nl• 14.28 iaTe CQLLEOE R•f•r•n￿ Adrnlnl8tratlv• D•talls of th• Charlty. Its Tnwt•M and Adv1•• For th• Y•v End•d 31 Au#u¥¢ 2023 Tru¥tee• B(& Law, Char Joth SavlU8 Benllgy Juli• Ety IresfvJn¢d 8 JLty %)231 SlnK*n e¢yJndg Peter Wiliam Stowart NI￿￿ Clark ThTthhy ￿ConnOr Stsphath B•lardo IM*ned 8 Juty 20231 Row Bradley Pam Jo￿8 (appointed 14 Aumtst 20231 Nol Paul lappolnted 14 Augthst 20231 4mb•r 1193244 p￿n¢•P•1 offk• Unf¢ 1 & 2 EurolTr)k Way Sittino*oum ME10JiY Ind•p•nd•nt audllorn xel￿dkn Audit Linted Cha￿red Accwrrtarts ststrrt0ry￿ditor 12 Cowywor CoLIrt SllllThJboum• Kenl ME105BH P?ge 1 IUTe COLLEGE Th￿t￿8. R•port Fwth• Yew End￿ 31 Auoubt 202# Th• Tru8t￿ Pr￿nt Ihwrannuaj r•pryttsJgothorwlth sudrt•d 8tatem8nts oltho KITE Cow for the ￿or 1 SWwthr2022 to 31 Ayst 2023. l¥•¢tlvM •nd *¢ttvrtl• *. Poll¢lM and •bJ•¢th•• To ￿ Kent & Imdlng kndependenl 6wc1a1i￿ 8ducat¢)n and tr8inv¥J provbbn. In ￿ttiN￿ and F4arnng lor ￿tiVIt*S, the Tru8teg8 havo g￿Th due C￿$&￿er#I￿ kn ￿nor&I 9￿danc? publkhod by the Charity Comml$sknn to publ¢ bwgfil InckhJSng the guidm'Publ¢ ￿nefft.. running a charity IPB21'. 8trAt•il•• lor ach1￿1￿9 obJBctl¥ To Incre￿ 8pedali¥t prOVr￿0￿ kn young peoFl¢ acr￿ E8¥t Kent l&tthv*•wm•, Sheppey. Maklslone and Thanotl 5ubJg¢t to EHCP wkn SEMH and 19am1￿j •nd b6ho¥iour ¢D*cukns, whlch onwTe8 a bgttoT Off•¢ •n*thrrfJ gr•atsr c*otce tr• youtyJ p•oph •ndlhtr ￿rfjnts. Athttl•• und•rt•kgn iv To pmvld• (*￿¢¢6 oThJ opportynltth to 811 yourvJ peW8 108rnkng dIffi￿l￿eS and SEMH rneds aMbM￿S and hsptrauonal Ikhyy1&4mlng and 8k115 pr(w¥nnw. Thes9 iidudg VOC4tional tralning In: Motor Vehicl8 Technofcpay, . HaIr4￿ 88auty • Mats and En¥lsh EM￿y￿bIlIty & knfo Skll# The Col*è. sknat•d In tho fonner Skllj Cèntr¢ kutsd ￿ tho Euro Link Indwtrt•l Eolats vi sllllngbrl￿*. opaned ￿ 181 Septwt*er 2021. Our Vatufrs . KinLtr788S . T￿81￿¢ d. ltsln •cthltl•* und•rtok•n to fi#th•r th• Charlty• purpts*•* for the pubN¢ b•n•fft The p￿1￿8 a offull tlme Vo￿t￿)￿al tralnlng opportunitiès as wo11 a$ Math8 and En91i$h for its $tud¢nts. frjnded by tho publ* Alm￿ ultimately at them beww ready able lo enterfv worfd erfwork and baL)￿+ 8 productive membgrof lh8 commurtity. Pagg 2 KThE COLLEGE Tw*t•M' R•yl1¢ontlnu•dl For*h• Yo•r End￿ 31 Augusl 2023 •. Maln •thiw•nbmts ol Ih•Cho11ty l)uring the yw, Ihe e(Nlege suprA>rt8d som• 66 sbJdoDts. 56 were from Kenl 1Q from S other k)cal avthtirfti8s. Tho $p¥tover the coutsès VAS 8$ fv)lO￿. No ofStudDnts Hair 8rKI Beauty otorvahldo Prepw8lh)n forLoamlTrJ Thg ¢dlggB has a rwge of KP15 Mo￿Ag from th8 nunknr of Stu¢￿Th￿ it to morè d81•l*Y that d￿MOTht the incr¢a$ing Kademicl vocaitLX)d éevdopment of ts ¥bJd•nts to mpny ofll8 itudonts move ¢mFloymgnt ofluTIIw gducation. Th? Pri￿1>￿1 ieport5 on a rwJuk8r l)8818 ￿ tho 8thitie$ owatksn of the col* gThJ adjusts Iho offows avalaNè annuoly to th• studgnts bgsed upon thg dgrnandthwu8518 ofthp$bJd8nts I￿￿rf8mlId8. d. Fagtorn rgl•vant to xhf•v• obJ•¢ll¥•g The eolleL* erwrBs IW h8Va 8mploJ*é tho n8c866ary wlity slJlfv4 to teath $upwtlhestsJdwt8 monttorthls rpwlaty. •. Fundr•l¥lng •thRIB¥ and tncom• 9gn9r• No lundra191ThJ adviti98 0th8rthon an orA*on81 ¥rint Wd FIDanclal rwl•w . Golng ¢on¢•m After mokkng awopriaiE enqulrk6, the TntSt8es havg a rna5unth e¥p8Ctatlon that the Charlty thwat• rèweA8 lo tc•)tlnue In (yeralon81 exLqtènea for Ihe fc>reseeable lulwe. For this rea5(￿. r￿￿n￿• to Adopt tho Wng corrAm ￿*1$ irn wtparfng Ihg fin?naal Statements. Furthw del815 regardiro the adopuon ol the wj.ng (oncem basls wi b8 found kn the awxmtir#J p¢&w6. Th8 TNste6s lorn)ally apwov•d a pow on 16th Juty ¥thich has 8 tWqOt mlnimurn rn#w¥e of £200k which 1$ upon ts¥o monlts nnning c4)sts. As th8 c¢laoa Is puNlrty hmded IhB om¢xn8 •r• about In fvndng ljelng rgcph8d, a rethJ6*1n in Iwnef arnl unforeseen emorgenclo$. P•g& 3 KITE COLLE( TTU•t•M' R•port {MThtlnu•d) Fortho Ygar End•d 31 AugU•t 2023 Tho C¢Wè C*)nlknu&¥ to grow du5rvJ Iho t<¢h In lernis of stud•7t Mmt4rs and fln8ncj￿Y and ih? *lth Ihe College swjring fts EFSA Wh rw1¥ I￿￿1n0 Ixytract frrxn August 2023 and r8L*ved rt6 Ik6t payTrwnl In AugugL Th• Cc4•g• •nd•d the swrvAth a bank balanca of£S44,979 aThJ r•8•rw crf£804.853. A tho Cologo 8ti11 in 118 irrfancy w)d d￿￿)￿'n0 li not t$&b￿￿ed a R0$9rv•s Fdicy that apF41gJ to ypar othor than n￿dI[￿a to erwe that il h*J Suffy￿ent lunds to Colw to Ilourish. GdrKJ forward Y•lth Iho Coly ty)rth￿￿j to grow11 wlll put In plK• • R0￿r￿ pr*. The Cokge8 Ca￿ from a lurAllng ymont wkh KCC SEN alrty wlth Indlvidu81 Fundi AThan￿￿ts IIFAJ) a Smal number of Oth* Local Aut+￿5 for Ihelr Indivkjual youry pe(W8 at tho Cc4f•38. d. Prfn¢lpal *hd une•rtaln￿•1 The L¥lknge whllst bekng pubbh* lundgd and $yppthtfr￿ a of where to nuffa•rs rthirw to li￿ ILuIty is olways Bt d8k ol thè funding b8lng r•Yutsd c¢ not infiation ornl tho ￿nd•r6 duclng th¢ numlJBr ofstudBnts IW are prepare4 to suppowL •. FiTr*ndal rl•k m•nag•m•nt obJoetlv•8 And poll¢hs ND pclity is In prac8. bul a Risk R•gister is duè 10 be d￿aloped S￿)rty. On An cfrwlryj the ks 8Te ￿nSIde￿I * èach mo•I"NJ of the SFP vthén ￿ rthrie￿ Ihe rnanwent ¥Leounls Comtltullon KITE Cdegè was r•gMt•red wlth the ChoFIty Cornmi#8ion on 26th January 2021 aB a Charflable Incorw Qroaniialiffi ICIOI wlth o board of Irustee$ ts)nsistlnp 019 mqmboTr. 1% M•lhod• •1 appplntrnthntor •l•¢llon of Tru•tM rnan8gam•nl of tho Ch*ity is tha rnspor￿￿i￿lY of tho Trt*1￿ ar• dect•d and eons ore lelegatsd to thg Pthlpal but ts aFwov•d HIba￿ Pdley sets ¢xrt vthn and vthere epprnvol Is nÈeded from etther thè SFP LY th• B￿rd. KITE COLLEGE TN•tw' Report {c•ntlnu•d) Forthg Y•arEndMI 31 AugU•t2023 strU￿rn. yov•Thanc• and mon8gqrnent {corrtlnu•d) d. Polldu fvr th• Inductlon and tr•lnlno ofTrn•t• Tru8t88¥ n •ppcArl•J to KITE Coloop prlmarlty bas•d on Ihth ￿1￿. •xporfffjrts. •ywtk•. and qu•iillcatknna. 1. SklH• * Exp•th: Tnkstees are eppc4thd on thelr •F¢cMc Jkif# and •ywtkn vAth the nèlds of KITE Colege. For examplè. financ*, b￿n￿, HFi and sal•ty, **ial Sth*k•8. hoth & vAli*ing, psytholo9y. edU￿tion pnd quality ￿ntrol InspeL*gn. 2. Trust￿ bthg volu4)h w8rf•ne• thglr prdOSB*?nal or pol￿91 tr4d(grDund6 that benefit KITE ￿1899. Thls could Ir￿Ude ewkn¢• kn I￿9[￿h￿ roks, 8tralegk klonnfflg, fwKlraknhig. or 3. Qu4lTrfi￿t￿ns.' m#y htsvè sp￿¢ q￿IlIke￿¢Y* Ilwt moke them wekiMbJ fty thelr rdeB. Th L%¥Jld Indudè •du&glonal dègr884 profo5oK)n81 c8rUficadth)8, or Wel￿nt ewogs su¢th Is gov•manc8. law, or managomoyrt 4. Dlver8ty'. Dherslty among Irust••s ks cNcial to ènauthg a and in￿81￿8 wv•rnlffd boty. Truste88 from diverse back9K￿ndS brir¥J drffernnt persF*thes. tdoss. and to probl•m•dving, h c*n ¢nri¢h the d&thi(*w￿klng WL*66 and better reF¥osent Interwls of tho wnlz8kn'5 étakeholders. S￿l￿-llap an&¥sis IB untt•rt8ken on a re9￿aT basiB. When gaps tdgntyfied <at4e prxOtMers are OFProaCh￿ & kyoposed by ¢urr•nt trust mombern 8ndlor the princiFd If Sor￿￿tt￿ Ihan Cvs And Bios are shared wth al sltting t￿$￿e8 and votstt on otknn ttvstÈÈ rn￿1•￿. l Tru*ws rx¥i¥e Induc1￿ Is SuW8M•n￿ by ¢xlgm* pro¥lJBrs #È Mc•86•ry. N trI￿t￿$ ¥• Novkjod *ith a D)py of'GUIDANCE Tho 9¥$?ntial trustee: you r￿d to what you nggd tr+ do.. madg awarg of the inBtfurnent ol wY•rnanc• for KIT&Col*e and rgmind&J that ai trusttss are rMulr8d to lokni the NO1￿ pthples {￿￿ti n publlc offlce Pty poli¢y lor k•y man•q•mont pwsonn•l All key m￿a￿l￿￿nI p05ts hav• a $8t ar• kncreased annuaty aftor a r•vow ty Ihe P Committee and agrèed byth• Board Df Trustee5. l. R•lat•d wrty r•lthJhlp The Tnthos are from a vari•ty of wn16adcfTB that have an lrterost In th• tye ol Su￿0n1 that￿ 8urottrl&. Tho Chair ofTnmt•B# al￿ FosII*)n8 attsvo othèr cth8r6knvJhere Ihgrg ware financial tsn5athns durfThJ Ihe year. Phn• f•r fulur• yrlo The cthlege18 filllng a gap in thg sUPWt that L8 avalkqbkn to tts St￿11Th￿ 8616 evk16ntin the growing nunknèr or apF41c*Uons for plgce$ 8t the cdbje th#t has mor8 than Ihtr la61 year. LO￿r￿ foM8rd. Ihe T￿￿¢8 p￿n to Inerease the numb8r8 th•y ran aceommc•Jate In SltttrvJbMn? •xpandlng its operatm to oth•r kneations aucss thÈ cw. P•yS KITE COLLEGE Tru¥te¢s' R¢port IcontIn￿d) Forth• Ywdr Endld 31 August 2023 Dl•cl¢•yrg of Infommlloft to •udltrys Each ofthè pwson$ who Èrè Tntstees 8tth8 b.mo whèn this TnJste8s' Re￿1 is approved hos (>Jnfmed thaL' so far 85 th* Tw*e is awgre, therg is no ￿te¥¥nt of vthch tho chantys 8udiior8 are unaw¥•, And that Tru$* h8S t8k•n 81 Ihe stops Ih81 ought b) hwe be•n taken a5 a Twslee in (*d•r to ￿ awarg of Any r￿￿nt auck knfonnakn to •staNi8h Ihvt Ihe dwity8 awJitoT6 are aware ofth8t iilomi811on. AudltoY* Thg ¥udhor& Xginadill Audit knmile¢J. have Indkat•d Ih81i to eonuroje In tsffle•. Th• desb5r￿tsd Tntste85 wlll pmw)se a molon reappdnlng th• aUdh0￿ at a m881kno of TNsts9& ed by order of Ihg n%gmlxrs of Ihg bowd olTwst¢¢sofi 23 July 2024 and slgned on Ih8lr ￿haV by. ¥J Juty 2024 Bob Law IC*AY ￿Trt￿t￿S) Page 8 KITE COLLEGE st•t•m•nt of Trust•￿. M*ptsnsbi iliti•8 Forth• End•d 31 Augutst 2023 ￿plIca￿le knv and Unll¢d Klngdom A￿￿n￿ng SlandaTdu KlTra(th G*ner• A￿Un￿r0 Practlc*}. The low •ppll¢able to Charities In Engl*rt 6 Wdts r•(ym the to prpp8re firmndal 8tslW￿nts for each financial year gNe o truè 8nd falr vlaw ol Ihe state of affair8 of the Charty and of ts inefjmlng re50wcw ￿ 8pplc*tion ol resourttt. iidudi*)g its in(*Jme and expÈrtdibJro. ￿riOd. h prwrfng th81• fmafteAal statsmAnts. Ihe Tntstè8s8re requlred tth. $ulable atKthtAlSng •nd then apply them con81stenly', ebs•rv8 th• m•lhods arnj ￿nC*1￿9 olthg Chames SORP (FRS 1021: make judgments and accountlng e6tinwt8£ th8t are ￿sonable anis pnk*iL stale whether appli￿ble UK Auxsunting Standath IFRS 1021 have Id1￿￿1. Jubl•¢t kn any Hterfal d•pwtur8s ¢Jlsdos•d and 8xk4oln8d h th•lknandal st*ern8nts.' prepwe the ffinanclal St*n￿$ on gdfVJ conrAm b#th urt886 It IB inBkyJrtyrfate trj &Y•*imt that th• Continue kn 1x￿inesS. TIU$t8￿ gre roskmsit49 for ke•pw adwuate aco)urfng r¥￿a8 Ihat srfldent to and gxplawi Iho chori1￿ tran68thorffj dhck)8b wbth rnasOna￿O ￿raty ￿ any tiw* ￿ finanoal p08itiw of tho Ch•rfty arKI 8￿ble th8rn ts •r4urn that the ￿na￿al 5tatemants cLJmply w5th Ihe Chthtkn A¢1 2011, tr Charfty (Accounts and Report8) Reguladons 2008 ar¥1 the prv4i8bns ol ihe Trust daed. TW ¥e rè£ponslbl8 for sofeguardlng the 8880ts of the Chatyand hencè fortakirwj r•awnoty8 st•p8 fortho pr•v8nts'¢)n ar￿ 0lfr8ud Ènd othtt irrogulwmes. ed by ordgr of thè rn8mb*s of Iho board d T￿￿•$ on 23 J￿Y 2ff24 and $1gr*d on kn bghelfby: 23 July 2024 BDbL ICh*of Trust￿) XITE COLLEGE Ind•p•ndont A￿1[10￿. R•portto th• Mgrnb•t• ofKITE Colw• Oplnlon W• have audited Ihe finandal st8t•m•nts of KITE Colege1th8 c￿rity) for tho 31 Awt 2 which Djmprlse ihe Stalemgnt of Fin0nri￿ A¢Dvlles, the Balance ShggL Ihe Statem8nt of Cash Fk)ws Ihe lated n(4e5. itKkJ¢*'ng 8 wmmary of slgnfficant o¢¢ounlwYJ po￿￿. The finanry￿ rYpL*ts"ng trarn￿rk thal has kn th8ir prpparauon 18 appllcob18 Lqw &ntJ Unlted KlrffJdDm Acci￿nI1￿ Stsndwés. knGludlng Fln•nclal Repoi￿r￿ Stawwya￿ 1W2 FIn¥￿s￿l Rewtlng St8nd#rd 8p14c•b￿ In the UK R•publk ul Ird8nd' (United lQngth)m Gen￿￿tY Acco*ed Acewnlng Prnctke}. The finandal ststgffonts have t*en prepored In 8ccordarK• wlth Acojuhthg R*p￿ttng ty Cmrjt preparing thoff auxjunts in accordance WTlh th• FinaNal R¢wting SlaThJorf$ •wlicabk ￿ the UK 8rKI Republc ol Ire￿nd IFRS I￿> ￿ preference to the Acoxwrting Reportin9 ty ChariUe& StAkn*nt ol RerAynmond&J Pra¢tTh Isswd on 1 Wl 2[￿ whith is rèferred trj In th8 oxl8nl rguulalitsns bul I￿6 boen has beers done In cfder for Ihe act￿ to pn)vkle a true and lali ￿e￿ in accordance wlth the Ggngrsl ptod AC￿Unting Prncl*e $ffethe for re[K1rtK￿ P8rh>ts b•lllMlnq on orafter 1 January 2015. In our ￿1n1￿ the fnarrial stslements.. give a true and fair of Ihe stats of thg charitys affai￿ •s at 31 Awust 2023 wd of ts I￿)MIng source3 and applKatlon of the yw then èndad: have baen propety prepar￿ h artcrdanL* wnh Kkngdom Ggneroly Ac* A(¥xunlng Prtctic•; and hov¥ been pr•pared In #ccorthKe wtth thg requlTem8nts ol lh• Charlthos A¢a 2011. 8••t• for •plnlon Wg ffffldLKJBd wylt In accordance vAlh Intematirmol Slprt0rd5 ¢)n AudthThJ IUK) {ISAs IVKI} gnd applkab16 Iw. Our rOSPL￿811MltioS ￿￿erthos8 6tsndards 9￿ fvrthpr dp5ulbo¢ In thb Audlt¢Js' responslblltl89 for the oud5t of Ihg flnancial statements 8gcUon ol ovr report. We ar# ￿nd8￿ndènt of lh• ch¥ity In 8wdan¢6 wlth èthkal r•qutr•tt￿ts Ihat 8rg relevant to tyjr audft ol the ffirrdnclal #laten￿lS in the Unitsd Kinqdorn. induding the Fin8ndal Reporllry Ethicel Slandard, havo Ivlfillad w Dlher 81hieal re8port8bS1rt*8 kn a￿Td8n￿ witr these requlr8m8nts. We th81 the audit •vid8r￿A TAP hovè obtarnd suffK48nt and appropnalo to pwde a baw for OLY opinl(m. Co1￿u$l0n9 Y•l*lng t• golng In a￿liting the finantial st&l8men18. ￿ havè (*ndudod Ihat the TrJstèes' use ol the 9ovw basts of acC￿n￿ng In th8 preparalon of the h8nGwI st8lern&￿lS apwoprlate. Ba*d on Ihe knork w• havo parformad, YK hBve Fdentifiad any malewl unLtrtolntt88 relating to events or [￿di1￿$ thaL Individually or t¥llecty"vely, cast skJnlflc9nl Iloubt on th8 chantys awty to cOn￿n￿¢ as 9fAng concem l(* 8 porfod of pt Iwt N%Ylvg WFK*)th6 from the finanGI816tsknn8nts authorjsed for ue. Our respOn￿blItieS and t￿ responBlblIfy￿ ofthe T￿￿te9$ to goin9 o)ncern ?r8 de5rribgd In th¥ releVant8￿￿On5 ropyL Paga 8 KrrE COLLEGE Ind•pondont Audltors, Roport to th• M•mbor• of KITE Collry• l¢ontlnu•d) other Inforniatlon The other information conwrises the Infony￿n Indudgd In th8 Ann￿1 Roport thr than the finandal statemgnts and our Auditors, Rep)rt théreon. The Tru8tees are respon$ibl8 for the other infomiation Gontsir*d wthin the Annual Report. Our ¢Jpinion on the flnanclal slalemgnts doos not o)vèr th6 other Infomiotlon and. except to the extent other%Th explititly Stated in our report. we do not express any form of assuran condusion thereon. Our wponsibility is to read the other Infomiation and, in doing so. consider whether the other infomiation 15 mat8rially Ir￿ans1518rtt with th8 financlal statsments or ¢)ur knovledgè obtsined in th8 course of the audbt, or othoNAs8 appears to be mat8rlally mlsstaled. If ￿ Identsfy such material incons18ten￿eS or apparent material misstatements, Sre required to (lelemiine whether this glves rlse to a materfal misstatement in the financial statements th6mse]ves. If. based on the work wa have parforme(I, condude that there IB a materfal mlsststgmont of this thr Infomiatlon, V•P are required to rop￿ that f We have nothing to report in this regard. Matt•rn on whkh w• ar• r•quir•d to r•port ty •xc•ptlon We have nothing to report In resp8rt of the followlw matters wther6 th8 Charftss {A￿x)Unts and Rwirtsl Regulations 2008 r8quires us to rew)rt to you if, in wr opini￿. lh8 1nf0m)a￿n gven in Ihe Tru$t88¥' Report is inconsistent in any material re5pert VAth th8 finandal 8talements', or 8ufficlenl accounting records hovg not boon k8Pt.' or the financlal statements aro not in agreement with the aCc￿JntInq T9￿rdS and r8tum5" or vn have not receNed all the infcrfmation and explanations requlre for our aKlit. Rmponslbllltlos of tru•tO•S As explalned more fvlly In thg Trustses. ResponsIbll￿0S StalemenL the Tr￿te￿$ ar6 respmslbfe for th8 preparatlon of the financial statements whith give a true and falr vlew. and for suth internal control as the Trustees determine is necessary to enable the preparat*?n of flnanclal statemgnts that are freè from matedal mL8ststament, whether due to fraud or error. In preparing the financial stat8m8rts. the Trustees are rnsponsible for assessing the Chari￿s ability to continue as a going conc9m. disdosing, as appliLzble, matters related to goiw conGem and U￿ng the going concem basls of accounting unless thg Trustees 8ith6r Sntend to Ilquldate tho Gharity or lo cea88 operations, or have no reaustlc allemativo to do so. Oth•r matt•rn The financlal statements of tho Charity fty the year ended 31 August 2022 wore Una￿J11ad due to belng under the audbt threshold. Page 9 KITE COLLEQE Ind•p•nd•nt Audllorn. Report to th• M•mb•rs of KITE Coll•y {eontlnu•d) Audmorn, r•sponslblllU•s for th• audlt of th• Ilnan¢l•l stat•m•nl• We have been appointed 88 8uditor Soction 144 ofthe Charits•$ Act 2011 and rop)rt kn accwdance with the Act and relevant raguIAttons m•J• or haviThJ effect Ihsroundèr. Out obj•eti¥es are to obtain reasonable assurance ot*)ut whelher the finanoal $tstements 8$ 8 whole are free from malerial misststèmènt. whalhor duo to fraud or error. and lo 8n Audilc*s' Rèport that indud&s ojr opinion. Reasonable assura￿ is a htgh level of assurance, but is not a guardntse that an audit conductsd in aco)rdanc8 vAth ISAS IUKI VAII aNvays d¥t•ct a m8terf81 rrf¥slatsmant whén It exisfs. Mi$$t8tamonts can arfsg from fraud or &rmr and ar6 considered material ff, IndNldually or In th& aggwatè. thay c4yJld Tgasonably be wApocknJ to infknence the 0￿10￿1¢ dgci¥IL￿$ of users tsken th• basis of these fmanrAal statam8nls. Irregularillt$. Indudlng froud. are Instances of non-¢¢Mmpllance vAth la￿ rogulallons. W& deS￿Tr procAdures in line vthh Dur responsibil￿•s. othlned above, to ￿￿￿et material misstatèments in respo¢t of irreguFaritiès. including fraud. The extent tts whi¢h our pl￿edureS are cap&lè of dotectirwj wr￿lant188, induding fra￿j 18 detailed belryw.. As part ol an audit in accordance wlth ISAS IUKI, exeTcl8e pTofo86l¢x)ol￿g•mont and malntaln profes8lon¥l 8ceptid8m1hrt￿h tho audlt. W• aL80.' 1. A88essed th• suxèptlb16ty of the entW8 ffinanixal ststamants to material mis8tthnert Induding how fraud may vc¢ur. 2. Held dls¢u8*in$ wtth ¢18nt regardlng th8lr P￿￿19$ 4nd procodures on t))mpl8nc• vAth law¥ •nd regulauons. 3. Held dlscussions w7th the dienl regardin9 th&lr policies and on fraL*J risks. inc￿￿ kMw1edgè ofany actrjal suspeded or aueged fraud. We conBkler Ihg ontitvs Cxybtrols •ff•ctlve In id¢nWrKJ fraud. We th) r￿t thére to bg slgnmcant dlfflculty In detecting Irregujarfties. A further d&￿'pIlon of wr Msponslb115t5es for the audit of thè flnancial 8tatements Is I￿￿ed on 1hg Flnandal Rep￿ting Council's TrAthte al: This description forms part of our Audilor8' Roport. Us• ol our r•port Thi$ rèport Is mado solety to the charW$ tTY¥tèès, as a bc4Jy, In accord#ne• wf(h Part 4 of lh• Chawltie$ lAc￿L￿¢S and Reports) Regulations 2008. OUT audit wcrfk has been undertaken so that ￿ might slatè to Ihe eharitls tfUSt•es those matlers are requimd to state to them in sn Auditors, Rep)rt and for no olhor purpose. To ltte fvllest extent permitted by law, we do T￿1 8GCQPt or assume responBibility to anyone othBr than tho charty and Ms Irustse$. as ? body ryjr aud6twiKK for Ihls report, or for the op4ni0￿& ￿ havtr fomwd. I_L LLI LI Xelnadln Audit Llmlt•d Chartered Accountants Statutory Audttor 12 Conqu•ror CA)Urt Sittingboumt Kent MEIO 5BH Date.. Xeinadin Audlt Llmltsd are •llglbf8 to act 88 ouditors In tern￿ of section 1212 of thè Ccfflpanle$ Act 2006. Page 10 KITE COLLEGE st•t•ment of flnancial •ctlvfths For th• Y•ar End•d 31 Allgu￿ 2023 A$ rnstated Total funds 2022 Unr••trlet•d fund# 2023 Total funds 2023 Income from: Donatlons and18gacle8 Charitable activities Investments Other incomg 5,500 1￿6￿515 3,000 2.300 550.340 1.564,915 2.491 Totsl Incomo 1,575.661 1.575,661 555.131 Expendlturn on: Charftable activitses 1,092.962 1.092,962 511.732 Tol•l •xp•ndllur• 1,092,962 1,092.962 511.732 Nèt mov•mont In funds bofove othor r•cognlwl 482.699 482,699 43,399 Other re￿nI￿1 gaIn￿(lO¥S•s). ACtua￿al galn8 on defined ben8fft p8nsIo￿ schon Pen8knn Surplus not rgcognised 143.000 (103.OOD) 143,000 (103,000) 15.000 23 Not movem•nt In funds 522,699 5&399 R•con£lllatlon of fund#: Totsl funds brought forward Net movement in fvnds 82,154 82.154 522,699 23,755 58,399 Tolal fvnds carrf•d forwavd 604853 604.853 82. 154 Th? Statement of Flnanclal Aclivitles includes all gains and l¢)s¥es r¢cc¥ni88d in The notos on pag95 14 to 28 fomi part ofth868 financial statemonts. Page 11 KftE COLLEGE A• •t JI 2023 A8 rthtgd 2022 11 102,295 10&152 12 11025 54979 44.135 143.6e Cth at bonk In h8nd 187.1%15 C￿dI￿.. arr￿unt$ foliTra tlug*ilhlTh one 13 (186.693J Iletcuffent ••••ts 50195B 2,LW2 Osfinod b￿effit pens￿ scheme a88etl T•tal n•1 ••¥•ts 82.154 c￿rKY fvnds Rethcted lund 16 1throstrl￿ fund5 ex￿￿ITYj pen01c￿ aB¥*t P¥nsion lp¥grvg 16 18 IlQ154 rk4OOOJ Tolal mre•trfcted fvrKIB 18 82,1 Totsl fvndB 82,154 fin8n¢ial $18t¢m8nts ¥we 8pprov¢d And ALtt4orfsed for155ue by tho Trnst￿ on 23 2tr24 ond svjnod on thekbehow ty. 23 July 2024 Bob Llw (ch￿rOt TTvsteg51 Th8 nole6 ￿e$ 14 to 28fc¢m partofthose 8tytwnonts. Py12 KifE C(XLEGE Stsi•nwnt ofctth Flows F•r theY•ar End•d 31 Auqu$t 2023 A8 rn$101od 2022 l•t e•Bh v58d in oporatiThJ th1ti8E 501.512 1rn46 Cuh flow• Inv￿11￿9 actMtI•• Purel￿ 011￿90b18 ILxed 0658ts p5￿5) 142.813J Net caoh In lJN••llnH •Btl¥tt P42DS) {42I131 C••h fi￿￿lIaM fln*nclnq •ellvltl•* R•Pay￿en￿ rf tsor￿￿r 174888) (37.444) M•t c*#h U1￿ in finaneino aellvttl•* {74BBBI 137AM} Clyang• in cash #nd •qul¥•l•nt8 In th• y•*r C8oh ond cwsh oqiivalprts pt Ihg beginw*vJ ofth& yoor 401AI• 96.211 47.349 Cwh and ea*h •qUI￿lents atth• •nd ofth• y•ar 544J79 143.060 Thè n¢)tss Oft Pages 14 10 28 form pwtoftholè finano8J ltaiemg P￿e 13 iaTE COLLEGE Not•s to th• Fln•n¢lal 8t•t•rn•nl* Forth• Y•ar Endgd 31 Augu•t2023 G•n•r•l Inform￿¢ KITE Cologè is a Chartabkg InCo￿Orated Orgafiis81in r•gk8tered in En￿and arttj Wakn. Th? rwistsrad Offi￿ is KITE Colkge, Unit 1 & 2 Eurojink Way. P￿hOM Lknve. Sittingkwrnè. K•nL ME10 3RY. The prlrb*o1 acw ofthF Charfty IB lo Pro￿d￿ I￿ndent ￿p￿￿lIst tralnlro to you Accomtlng pokl•• The fflnan¢*l ¥l¥*fflents havo been ￿epa￿d in ￿aft¢e wth tho Chthob SORP (FRS 1￿2}- ounllrty Bnd Roportlng by Ch8rftlès'. Ststomènt of R￿4￿￿￿ded Prackn applcatlg to ch8rtth•5 thglr 8¢cDunts In Aeeoréanck wlth Iho Flnanckql Repurlng Stsrthrd OPF￿￿bI¢ In UK and Roput4ic of Irel*d IFRS 1021 (èffect￿ 1 20191. the Fknandal R•porUng Slandard Appl￿Able Sn the UKand RewbSc of k•Lqnd (FRS 1021 ￿ thè Charitsw AL# 2011. The financial Stater￿ have been prepared to glve a and falrf vkw have departed from the Ch*Al8s (ACCO￿ and R•port61 Rogulatbjns 2008 onty to th• wtent roquired to provW9 0'IFue and falrf TrAow. Thls dgporbJrg ho$ irNofvad fD11th￿￿O tr* Ch8rftig¥ SORP IFRS 1tr21 put4I5hod In October 2019 rather than thè Atth)unti￿ arrfl ROpo￿ng by ChathS•6', Statwwnl ofReeornmended Pr&beo ¢ffK*Y• 2Q05 slnc¢ been wlthdrw*n. KITE Cdltye meets the ol 4 public benefft enlty under FRS 102. Il&JHIUes ar6 Inrtlally reco￿1?•￿ af h15t0￿¢al costw transaction Val￿ ￿188£ oth￿tre stoted In the rdovant pc41¢¥. 22 In¢om• All inuJmJ 16 recognKed On￿ Ihg Chadty ￿ ¢nlllemwrt tr) the in￿. ot Is that 1he Incom8 WHI bè rec81v8d and th8 amovrtof ht>)me wolv0t￿& w bg M#88u￿ roliobty. Gr8Fts we InrA*J•J in the Stsi8m•nt of Fu)8rK4al AcfvllJ88 on a r8coivèt48 bath Thè b$1￿(* of Income received w￿98S trtrt nrjt ex￿nded during th8 porfrxl L8 8lvwn the relevant fund& on the BaLqnce Sheet. inwme is receNed In adveJKg of grliuèment of tttdpt, Its recryn￿On 15 deferred and sndud8d in eredrtors as dtferr•d incum. onta18￿nI ocujre b8for8 IrK(*fio ts r•cgl¥ed, the income19 a¢cwed. Cxhgr in¢t4M 16 re(wnwJ In the in Is r8¢xfvabl8 And totho frxtent the trJorSs *av• beon pr¢y4#18d w on comple￿on LY the 80r¥ico. 22 ExpBndllur• Expandt￿e 18 r8tcwL48d ¢)nt• thtrn L* a ￿gaI or rnnslrutho O￿l￿ath)n to trangfer OCOTrtyTH b¢n¢fft to a thinj p8wty. it li probable thgf a transf8r of e￿norn￿ bOr￿fits wri be rnquimd In IUBrnent and the amrxHrt oftha oblig8kn r•lably. Exp•nditixe 15 elbss1f￿d by ocllvlty. Thè cc6ts of èdt* aelivity arg med¢ up of the totsl ol drt C05ts 8nd shar¢(I ctsts. Indu¢lng knvolvod In urKJort*ng each athilty. Dlrxl #ttrftxJt8bf9 to a slngje a￿1¥1ty 8r8 athxated dirpL#ly to thet admty. Sh8r•d cc¢ts wluch than rfft Actlvlty wpport OJBiE whith Are not attrtbutsble to a 8inOe actmty ar¢ appo￿Oned t¢M*¢n Ilw8 gctivilies on A bas15 c*ML%tent wllh the usa of resolrtw. Central $traff eosts ar8 8lknt4tsd on sls ofume spent. and d8Ptsts•tion thwges alloratsd on the pothn ollhe 8888f5 Use. EXP￿d￿re m charttable acU¥lties 1$ knrJJrrod on dlrecty ￿￿ert4￿n9 th? a(*We8 wNch futhor Ilw obJKaN•4. •$ as any a#odat•d surwrtp)¥ Pagtr 14 iaTE COLLEGE Not•* to th• Fln*bKlal Stat•m•nts Fortlx• Y•ar End•rf 31 Augu￿ 2023 A¢¢ountlng ieontsnwdl 13 EXp•D￿l￿r* {¢onlinu•dl I WI￿dItu￿ 1$ inchJ6iYe of ifrccg¥wablB VAT. c￿ernMent gran18 reLqlng to tawlble fixed assets are tro3tsd os delwred w*am• and rd8aB8d to 1he SIAtèmènt of Fln£nual A￿l￿￿"e8 ovw thp expected usefvl liw¥ of thp assets cuK*rr¢d. Oth8r grant? w¢ crethted to tl* Ststernont of Flnancfjal l*YJvrtl98 8* Ihe rel8tsd expandilure ￿ A)tyJffBd. ZS T•x•tl¢ Charfty Is lo th• t•sls s•t OL* In ParBgrsph 1 Sch•dul¢ 6 of Flnw* A¢t 2010 ana Ih8r8fue it moèts Ihè definition of a thar¢tsble crfjrryny tr VK CtyFthlon IA¥ purpo888. AGC>xdin￿. thg Chawity is [￿n￿al¥ exempt from twtl)n In re8F￿ of incomg w c*ptsl galns re¢8￿d wMI*) c6tsgorfes I￿v￿red by Chaplw 3 Port 11 of th8 c￿or¥t￿n Tax AGt 2010 or S8etknn 256 dthe Tayalon Qfcthgrg￿b￿ GalK Act 1992, to lh& extent th81 in(m or gal are applled gxthwly to char5t￿È wjrpostt. 16 Tlnylble Ilx•d a••ei• d•w•d•tlon Tan9*kn ffiX￿1 ￿￿tir￿￿ £5(Kl cf wK)re •r8 L**lls•d arbj recognwj when lutuR ewitsmk neffits pmbaL4• and th• emt orya1￿ ofth• ass•t can be m￿Ur&￿ r•labty. T8rrfJit4e fixed a88ets inillalty recogntsed at rtht. After recc*Jnlbon. und8r the iTr)dd. tangltA8 fixgd Hss815 af• mÉasured at cost loss aceum￿aled depr8ciatK)n and any atDJmulatod imp8irment los86s. All Lts8 In￿FT￿l to briry a langlt4¢ flK¢d awt k)to Its workkng condrtlon shwkl bg ind￿180 In th• rr￿￿relMntQ1 cosi D¢FY8aation l• ehÈrged ￿ as to alocate the cost ol tangt49 fix•d asgetsloss I￿1r value ov•rthelr esumgted ￿tsfUl liv•s, wng the 5trnbJhtthè mathod. Depr•Gial￿ IB prDvided on the foTr)wlng ba¥gB'. - stsaight liro o¥sr 10 s*ar8 Improvemerts to knaehold W4ykshop equlpment CorryJuierwiMpment - 8traloht Nne over 2 yèarrd - 8trai9ht ow4 years Trado arws othw rwni88d at lh• s•tu0rn￿ arnount &ft•r tr8d8 di￿nt offered. Prepayments are vAlued althe am￿￿nI pryKI nel ol any trade di8(￿Ets due. Z8 C••h •1 bank •nd ln Ib￿d Cash at bank in hand cash short-ttrm htgNy Hq￿j irwe5tsnonts a shcrt maturty of thr88 le￿ from the dat? of acquL8Mlon ¢y opening of the or Sitt￿1￿r count P•J• 15 IqrE COLLEGE Not•* to th• Flnandal Stat*m•nts For th• Y•ar Endwl 31 AwJu•t ptyli¢l•s Ic•rnllnv•dl 19 LknbIl1ti￿ and prn¥lalon• LkbSlMies arg rgcc4JnW when thwe L% at thE B•Lgn(* &88tdale as a of è p8s1 0¥8nt. It 19 probabkn that a tran8f•r of ecthiomic wll t• In s¢tUgTllgnl. and thg amunt oftho 8etUemnt bg gdrnJt8d 1olaW. LkbllUt* *• rewgrknd at the amwnt IPwt tho Charfty anthrAPatoJ it pay to 8•tt1e thè tht or thB amowt It reco￿ a98dvanr￿d payThnl•fortt￿ p)d$ or8ervlc86 It rN$t provkle. Prov5ww ar• measured at Ihe k•ot 9811m#l• of the omwrts ryulr8d to 8¢tUg th& oNkJthn. Whw• th• •ff•d of thg tlm• v4luè of nw)n•y ig m•torW. thè provlbbn 18 basad on th• prny8nt vAlu• of (hos• alr￿n11. diBeounted at th• prtrtAX ditsrAiunt rnte Ihat refi•cts tho r*k$ 6peofi¢ to Ihfr l￿bIl[lY. The un¥bir¥Jng ol the discwnt ffj rwnlxé in the Statemgnt of Financial Activltkls #S 110 FlnNnol•l kn•lNm•nts Charity t)nly finand818B8eth and fln8ndal11obillb'eB ela klnd thalqualify a5 ba6k financ4al Inslrurn8nts. BÉ$lc ffinandal instrumuts arè inmaty re￿￿1Std at transth v8luo aThJ èquèntty measured at their Stttlement value the ex￿P{lon of 103ns wNch arB b504uwrfy M￿￿red at al￿rtISed eostU6kng the 9fle¢l￿Te Inlere8t method. 111 P•nolw Charlty twate8 8 d8finBd bonorrt pen6ion s¢hpme bythe Ll￿al QtThYrnont Pen$h￿ S¢heme rLGPS'I. Tho LGPS1g a fvnd￿￿ 1rklU•?mrAo￿r gL*•m6 an(1 the ar• h•kl 98rArot•ty frc*n lfv)se ofthg Charlty in 68par8ts admlnSstsred f￿1￿. $chom• assets 8r• m•asurwJ al falr volue axl liabli itlès am m•a•ur•d On an actyJaris1 ba8kl U8lng th• projected unft crgjit mthod ond (55crA4nted at a rate lo lh• wnent r8t• of r¢tfft a hhJh quafty tffjerf8te b(XKI of eqU￿al@￿t tèm *d currnnl to the 1fjabil￿è8. Thè aclLwfiBI ¥8￿8tiC￿S are obts.ned Èt k88t trfgnnlally 8nd 4re updated ateath Bakgnco Sheet dat*. Thg W7K4ints ¢h￿ry￿J Ict cwaung Surp￿$ • th• curront WBts and thg £￿ts of xheme Introjuoth￿. b•ngfit d*ngos, setUomgnt8 aThJ curtaikngnts, am Included as part of¥tsff oJ8ts 8$ hujr1￿. Ng1 knrte108ton Iho ngt defirnd nofrt liabllbtylassel Is atso recr￿￿1•￿ in th• Statement of Fln8n¢¥•l A¢ti¥ltse8 cowrlm the on Ihe defined b8n8frt obloAl•)n ond Interest on ￿ stherne a5$41s, ¢alrJJattyJ by MU￿"￿￿1￿￿ th¢ tsbTvalue ol the 8chemo asBets ¥t the bBginning oftl* pe￿d by tlw ratg [k8￿ to (tscount th• ot41gathons. The diff8r8rt* botwo8n fv interest InLXm• on Ihe sthèmé assèts d th• ac￿*1 on $them8 atssets L8 recogTh8ed in other ro¢ognl8od and k198￿. rfal galts and b)88￿ are rewgni8ad Imm•dlthly In other rae in LGPS 31,002 32,110 {$43591 12.(#)O 24.147 (44,135) 710,057 N•t cA•h wovld•d bY0￿￿on9 •¢tMII•8 501.012 17&468 Pag? 24 KITE C￿LEGE Not•• t•th• Fin*nclAI 81at•m•nts Forth• Y•ar Endéd 91 Augu•t 2023 2th An&lyil¥ of¢a•h •nd ￿B￿ equ1￿19Thts 2022 C88h h h•nd $14979 143.560 Tgtal Ea•h *)d ¢Mh •4th¥al•nt• $44.•79 1rf580 21. Anily4h of chanw In n•t d•bl At31 Au9ll•t 2Q23 S•pknb•r 2022 C••hllo Cash at bank In hand Debt within 1 ￿#r 143,5eo (74.8Bei 401.419 74.818 544979 e8,8Ta 478J07 544.979 21 ContlTro•rt Il•Mttlo8 lfjl• Cdjege has entered inkn * lèa4• 8gr8wn•nt Ythh Kent Cc*Jnty Cfyjneil. ￿ller theh rental payM￿ts are due. The c>Jllagè i8 ￿lIe1)￿ in ¢Jswl8 wth ltsnt Cevnty C(*fficll over wer￿d￿lI *￿Ik& whth ware du8 to l•k¢ plBe¢ prk* to 0￿pation tsul 8re syl outstandng.ll Is Ihg bew olthe InJ*ees Ilat no •mDunts wll b8 duo untl aftor the re￿dI#l wyjrks hHv• takon pla¢9. Jf In the rarn ￿T￿￿510nc? that KCC ¢h*ge ba￿da[0d TOnt4llhis polnL tho potenllal liotslly to th• ￿ ￿11 ￿ £45,833. P•n•lon commNm•nt# The Ch8dty opomtse o defined b•n•fft panslon 8thome. The Charitys 0mpkn￿8 b•k)ng to L￿al Govammént Ponsion SC)￿￿0 ILGPS}. whkh18 rn8nBged by K#nt County C(rtm￿. Thg latOSt acluBri￿ valauti￿ oflhg LGPS r•l*d to the P•Tlod wL1ed 31 2022. Tha LGPS 16 8 ￿rtded definwj benefit Ponthn s¢h•m?. vAth hdd h tru?te admlnlstered fvnds. Th8 totsl t￿bIrt10n rnade far thè year ended 31 AKJu*i 2023 thw £212,tX {12tr22- £55,000), of Ibthlcl) e￿￿10yerS r￿tribUt￿n5 lo￿le￿ £l67,0￿(2022- £42.0001 and employee'6 nlribLthn5 totaled £45AIfy)12C122- £13.0001. The a￿￿e￿ Mles for future years are 20.8 r cwt tsemKdoyer8 and ¥8rlabb per cent empW& Pag• 25 IQTE COLLEGE Ilot4• to th• Flnaneial St*t•m•nts Forth• Y•trEnd•d 31 A•1￿ 2023 P•n•5Dn commltmethts (¢gntlhu•dl Prfrrtipal a¢tuaiio1 aB8umptionssl th• BalarKe Shp8t datè l•xprossed aB vnvJhtsd avar896s).' At37 AUg￿t At 31 23 2022 Dl8CQUrt ratè Fut￿ galary IrKrea8e8 Fuknwe Ineroo $2S 2JO The curmnt rnortallty 8s8umptw inclth 8uffidont almnce lor lutLTr Improv•mrts In mc*t rales. Tho as*uN*J If6 oy¢tationB on f•llYèm8nt ag• 65 arn.. At31 Augy•t At 31 A(yu 2023 2022 Y•ars Ithttiiafjty rates (ln ￿413) -ts ¥ malg og¢l 05 r#)w - at 65 for a mal8 agèd 45 nCAY -for a female 89ed 65 - at 65for a fernd8¥oed 45 w 21.0 22.3 Th8 ChaWB thareofthB 86E•ts In tho srhme was., At31 Augu•t At31 Awt 2022 Eqult Glts (Rh•r knd¥ Pmpgrty Cash al￿ other ItwNI Assets Absdute relum 406MO 284.oc 401x1 88.000 64.000 7.000 40.000 24,000 31.OCQ T+>tsl tslrvaluo of u••ts .000 43ZO Th88th81 rettjm on 8chemg 85*ts WO8£-5.000 (2022-£-I.c(oI. P8ge 26 KrrE COLLEGE Nvtg¥ to th• FlnancFal 3t•t*n•nts For th• Y•irEnd•d 31 Au#u* 2023 23. P•nthn ¢onmlkn•nts l¢onflnwd) Thè amowts reL¥JgnM•d In the Stolement of Fknarnial AcIMt￿6 are as fcdlw.. 2022 Intw•st inLTh Inter¢* ¢0 123,OfyJl 210 Tot*1 th• Statffiwm ￿ FIMnd•l A¢th7ltl•• {3.1)001 N*)v•mènt• kn tho prsB8ntvalu• of thg dolned bw011t obltothn wwe as￿0￿￿. Owlng (Igfinqd beneTr oblighkn 460.000 20,000 45.000 13.CQO 1171,OM) 362CW C1y)t￿U￿oTr8 by schewffj Foibdpants Act￿rf￿ d•finqd b•n•fit obll9atlon 375,Cikl k*)vsments Sn the f8lrvalu8 oflho Charitys share ofvth•m8 gSS•ts 8$ fthys: 2023 Opening ￿'r value ofsclwme a$￿tY 432.000 23.000 pe,¢)001 971.￿xI 167,000 42.cw Actua￿￿1 Il¢)Kosygalro CofttribLthn8 by8M￿￿1•r Contrfbuibns by 8(*wn8 p8itictyJ8nt8 Closlw falrv*hM otKh•m• 432.0 The Ch#rity ha6 an unre(A)wMd 8urplus of £103.ow in r•spect ol ils defin•l beftefft p￿￿1￿ scheme ag ￿ does r*)t expect lo reL>)ver Ihe Jkn s￿￿1 erth•r thmugh Mdu¢¢d £ontn"bUti￿$ In the future or through rnfvnd$fromth¢ plgn. Py27 KITE COLLEGE Nota• to th• Flnanelal Strt•m•nts Forth• Year Endgd 31 AugYSt2023 Op•ratlng l••M ￿mmIbn•￿ts At 31 August 20ZJ tho ChaFIty had cornfflilm•nts to rnake fu￿re minimum 18ase pasffl*1ts undof nD cartellabb opgraling Ibesgs as follcwm". t Lqtor 195 Th• k*9t paJm¢rts hava beon rwnw 88 on •xpeMe in thD StoteThnt of Finnc4al ActMIkn&' 2022 Operaliry lew rents no During Ihe year. the c£4gge w?ived a grant totsling 15.Sty) (2022.. £NiD from Red HIUTwst. D ch8TIty whith Bob Law. tha Cth£ir of th• Cdleg9. a Trustee. PayThonts ¥￿e 10 The Socla. Emopb"onal and Behavloural D￿Kults8$ A$8oc4ation ISEaDAk a 3rkn Law h a TnJ8téè of, totsifing t1A1612022'. £MII. At thg 8#lartg Sheet date. ntj 8mwnts ￿re owgj w ryMng In rektK)n tc tr8n88dons. Durfro ygar. th• ct4W has mile repa￿an(S of a ksan from S Badder, the preyK￿ Prwpd, tota￿n£ £74m8 P022 - £37,444). Thè losn was re￿id wlth no knt•r•st cherg8d in ethr yew. At Ihe ytrar OMS. the OLtstanthrvJ baLqncè to S B•Jderwds £NIl2￿-£74.888I. Pag• 28