Kingdom Education Limited Trustees, Report And Audited Accounts For the year ended 31 August 2021 Charity Registration No. 291913 Company Registration No. 01901401 {England and Wales) Kindom Education Limltsd Year ended 31 August 2021 Contents Pago Legal and Administrative Infomialion 1102 Report of the Tru8tee8 31021 Audltors, Rgport 22to25 statement of Flnaneial Adivilie8 28 8818noe She81 27 Cash Flow Statsmenl Notè8 lo the Flnanclal Stalemenls 29to38 KINGDOM EDUCATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustces and Dire¢tors 'rhe trustees of Kingdom Education Limited, 'the Charity,, are also the directors of the limited liability company for the purpose of company law. The trustecs and officers serving during the year of audil were as follows.. TRUSTEES: Mr Ashraf Farahat, Chair of Trustees (Appoin*d 29 Junc 2021) Mr David Crook, Past Chair of TDJst¢¢s (deceased 15 June 2021) Mr Charles Hammond Mr Jcremy Curtis (Rcsigned 1910112021) Mrs Christine Ottaway, Deputy Chair, {Fomially Appointed Vice 5 July 2021) Mr Malcolm Skipper MTS Abi Fettlga. finance Trustee Mr Cliv¢ Chalkley (Appointed 19 April 2021) Mr Tim Johnson (Appointed 25 May 2021) Company Secretary Mr Malcolm Skipper KEY MANAGEMENT PERSONNEL: Hcadteacher Mr Andy Reeves Mrs Eleanor Taylor Mrs Sandra Case Bursar Managier, Highfield Prcschool Head of Primary I lead of Seci)ndary Mrs Jaci Swain Mrs Sally Hart SENJOR LEADERSHIP TII AM: H¢adteacher Bursar Manager, Highfield Preschool Ilead of I'rimary Head of Secondary Designated Saleguarding Officer (DSL) Assistant Head of Primaryl DDSL (esafety & Eyb S) Mr Andrew Re¢ves Mrs Eleanor Taylor Mrs Sandra Case Mrs Jaci Swain Mrs Sally Hart Mrs Heather Lecs Mrs Colleen Edmonds KINGDOM EDUCATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Charity Number 291913 Company Number 01901401 Registered office Elmfield Ambrose Lane Harpenden Hertfordshire AL5 4DU Auditors Moure Kingston Sinith LLP 105 Si Peter's Street si Albans Herttordshire ALI 3EJ Bankers National Westminster Bank 72174 High Street Wallord Hertfordshire WDI 2BQ Solicitors Anthony Collins Solicitors LLP 134 Edmund Street Birmingham B3 2ES Veale Wasbrough Vizards 8chool b'ee Recovery Sch¢m¢ Narrow Quay House Narrow Quay Bristol BSI 4QA United Kingidom KINGDOM EDUCATION LIMITED The Directors and Charity Trustccs (the "Trustc¢s") of Kingdoin FAlucatioii Liiiiited are pleased to pr¢s¢nl their reporl together with the audiLed t1￿ClaI slalements. of the charity for the year Lo 31 August 2021. I'hc financial slalements cornply with the ChariLi¢s Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and ALLounting and Reporting by Charities.. Statement of Rccommended Practice (S()RP) applicable to charilies preparing Ihcir accounts in accordance with the financial Reporting Standard applicable in the UK (FRS 102) eftective l January 2015. second edilion issucd October 2019. The accounts comply with the charily's trusl deed and applicable law. Trustees, Re ort for the st ear ended 31 Au ust 2021 Kingdom Education Limited is a registered charity numberLd 291913 and a conipany limited by guurantee nuiiikrLd 1901401. The Company was iiiLoi'porated as Chi'i.stian Schools Advisoiy Trust I, April 1985 and changed its name to Kingdoin Educaiioii Limited on 27111 JunL 1985. The Conipaiiy is registered in Lngland and W&les' its registerLd office is LlmfiLld, Ambrose Lane, I larpenden, Herilorilshire Al,5 4DU. Kingdom Education I,iniited iy established priinarily lo promotej pi'ovide for and assist iii the advancement of education of children in th¢ United Kiii¥d()m and elsewliLrL. At I'he King's SLhool, we see the dLvLI(>pmcnl of ihe whole child. physiLal, spiriiual and Lmotioiial as being iinp()I'lant. We seL'k to develop hility and chArdetei'. BRIEF HISTORY Tlic King's Scliool was establislied iii I ILmel Heii)pstedd with 75 pupils in 1982 and Inoved tu I larp¢nd¢n during 1987. '1'he Lurrent premises, Icascd froin Action far Children, formcrly NationAI Children'8 Home. al'e situated in beauliful gi'i)unds oil the outskirts i)f Harpeiiden. I'he Trustees and Senior tLadership'l'ellin of ICin8dom IA4iicMtion Liiniled maintain that The Kin8's S¢li()ol and Highfield Prcschool oftir a service lu thL christian coinniliiiity by providinb quality academic preparation in An environrtient which conlinu&8 the Christian upbringing which has begun at liome. 'I"he King's School pr()vides a Cliristian teaching envir(Inment which facilitdtLs quality acadcmi achievement. with a higli-quality teaching staff and slrong supp()rtin8 h¢lp so Ihal individual assistance can hc given to each Lhild a¢¢ording to l)is/lier need. Thc school seeks lu a%8ist in th¢ development of eacl) child. not oiily in characlei., bul dlso in God-given potential in academic and practical subjects. We ar¢ very proud io olTer ti)is uniqu¢ servi¢¢ to t]i¢ Christian Community. STIIUCTURI: GOVII RNA I￿AINAGEMENT The Ci)mpany operates The King'8 Sehool, an indepcndcnt Christian co-educational day school, which cffcctively conimene¢d on I, S¢ptLmber 1982, is approved to accomm<)date 225 pupils and educates boys and girls ages 4 to GCSE (16 years). It is complemented by an ￿arlY Years Foundation Stagc (Eybs) uni¢ Higbfield Preschool accommodating an average of 40 children from agc 2 years ninc months to 4 years old. The Preschool operates a short distance away from the Youth with a Mission (YWAM) pr¢mises oli I'he Oval, Anibrosc Lane, Harp¢nden, AL5 4BX. Mr David CIDok conlinu¢d lo serve as the C'hair Tru.qtees froiyi Ilie beginning of th¢ ycar. He planned to step down as Chair and trnstee by Augusi 2021 (the end nf his term of 0￿1cC), gliving the Bo&rd til))¢ to appoint a new Chair. In thc summer of 2020, David was takci) ill leading to his deaih in JunL 2021. Th¢r¢ were timcs during this period when h¢ was able to Lonliiiue with his rol¢ as chair, supported by Mrs Christine Ottaway [0￿1ClaI]Y Vice Chair) and Mr Malcolni 8kipper (Company Se¢r¢tary). Subsequent t() Board meetings in April, May and June. the Board ui)aniniously approved the appointment of Mr Ashraf Farahat (a current trustee) on 29 June 2021. In addition lo the oversight of the charity, the Chair has also b¢eD r¢sponsible for Ilie induction of new trustees. (This involvLS awaren¢ss ot a trustee's responsibilities. the gToverning documenl. administrative procedures. the history and philosophical approach uf the charity. A new trustee w<)uld receivc copies of thL previous yeals annual report and accounts aiid a copy of the Cliarity Cominission booklet "The I,￿SentIal 'rrust¢¢: What You Need To Know" along with the relevant DBS and bai'ring checks.) For tlie new trustees appointed ihis year. the induction r()l¥ was undLrtakeii by Mr Malcolm SkippLr {Cotllpany %Lcretary). Trusle¥s are appointed by the 13oard of. Trustee8 by election and their service may lei'minatc by resi8nation or with due proccys by Ihc Board of Trusle¢s, There have been Iwn new appuinlmenls ot nLw Irustees by ilie Floard.. Mi. Clive Chalkley {19 April 2021) wilh responsibility for l)ropLrty and Mr 'l'im Johnsun (25 May 2021) wilh rcsponsibility for Information TcLhno108y. Tl)e Ti'ust¢¢s adminisler Kingdom Education I,imitLd and all ils statutL)ry ¢omiiiitiiiciilS to ei)sur¥ the statutory Independ¢iii S¢h(iol Slanddrds Regulations are MLI aiid, ovei'sLL tlie direction of Tlie King's Scho()l and Higlifi¢ld Pi'escliool with &cCive rL.%poiisil)ility tur ihe Inanagi¢ineiil of teaLhing and learning with i)articular cmphasil th¢ prugress pupils make, I rust¢¢s me¢t re8ularly' they mel twclve limes during the pLriud uiider review. (There werL ei8lit busiiiess Ineetings and iii addition two special In¢elings to consider appoinlment of the Chair, and Iwo prdy¢r mectings.) Due to COVID-19 rcstriutions, all meetings wcro lield virtually. The'l rustLLS overseL tlie finanLial responsibiliti¢s of thc Conipany and cnsur¢ il maintains financial viability. Under tlie Trust Deed the Scli()ol has Il)e power ti) Inake any invcslments which the I'rustees see fit. At nu time during the year did any Trustee havc a ben¢ficial iilterest in thL chai'ity. i)iiisaliuiial Mail# 'I'lie Ti'uslees dLiL'ritiiiiu diL bTeiieral policy of th¢ %cliool. The day-lo-day I'unning of 'l'h¢ Kin8's Sch(x)l and Higlifield Preseliool i.q delegated to ihe Headteacher with the support of. tlie Ilursar. The Headteacher undLrtuk¢s Il)e key Icad¢i'ship role oversecing educalional, pastoral and administrative functions in c(Insuliatioii with thL benior staff. I'l)e day to day administration of the Preschool, Primary and Secondary Schools is undertakcn witliin the policies &nd procedures approved by the Truslees. Significant expenditure decisions and majur capital projecls are referred to th¢ TrusÈ¢es for prior approval. The HeAdteacber overscc5 the recruitment of all educational stsff, adniinistrative and non-tLaching support staff with the support of the ilursar."fh¢ Headteacher and Bursar are invited to attend Trustees, Incetings. The Trustees consider that they. together with the Headteach¢T, thc Bursar and the Senior Man2getnenl Team, coinpris¢ th¢ Key Ma]iagemeni Personnel. Tlie 'frust¢es give of their time freely while the pay and r¢muneration of the Headteacher and staff is kept under annual review. A number of criteria arc used in setting pay.. nature of the role and responsibilities the sector averagie salary tor comparable positions trends in pay oompelilor salarie.s in the region SLhool resources The TrustLes and Management are 8UPPOrted by the remaining members of the Senior Leadership Team. Mrs Heather Ll'es and Mrs Colleen Edmonds. Safeguarding and Health and Safety continue to be very imp(irtant parts of the School's r¢sponsibility and underpiii all areas of aclivity in the School. Re8ular Safeguarding rep()rt% were Iiiade tu the Buard by Mr Ashral-FarahaL Safeguarding Trustee. who has becn in regular contact with Mrs H¢athei' l£es. the Designated Safeguarding Lead and Mrs Colleen Edmonds. the Deputy DSL (esafely, r.Yr.s), who botl) sit on the Senior Leadership Team (si.'r) regarding safeguarding. 'J'he annual Health and SAfety Management Audit was conducted by the Mrs Christin¢ Oitsway with Mr Matthew Chandler, Site Manager and Mr Andy Reeves, Headieacher. Information is available ti) Trustees via thc Trustees Hub in Microsoft Sharepoinl. The Trustees are respon.sible for the management of Risk fmced by the Charily with particular reference to internal ¥i)nlrols and tlie Initigation ot. ri4k. The Trustees activcly review the risks faced hy th¢ charity and are satisfied that systems and procedur¢s are in place to mitigate exposurc to the major risks so far as is possible. Tli¢ controls are.. Forinal agcndas and minutes for meetings of the Trustees A formal Risk Register, reviewed on a r#gYular basis Established organisalional goveriiancc structures and reportinB lines The School's Risk Re8iSter is subinitt¢d annually to auditors Moor¢ Kingston Smith. OBJEcfIvEs & ACTIVITIES Kingdom EdU￿tIOn Limited is committed to the advancement of educaiion of children in England. I'he charitable objects of the school as staled in the Articles of Assuciatiun are to "The advancement of the education ofchildren in the UK and elsewl)ere, such education designed to give ft sound Christian and moral bdsis to all pupils" The school motto is "To provide quality academic preparation in an environinent comniilled lo the Christian etlios aiid lifestyle already started at hotne" To m¢¢t the.4e objectives the academic policy of the school is to provide a broad curriculum with an emphasis on"The King's School Way": Kindness H¢lpin&F and respecting others. whoever they are Integrity Doing the right thing, even when it's hard c.ommitment Giving our best in every .%ituation TDgeth¢rness Playin8 our parl in th¥ school lamily Growth Ilecoming the besi we can be Thgnkfulness B¢in& grateful tor all that we are given Fgith Honouring Jesus Christ in ull WL do; The foundation of The King's Sehoi)I Way Tliese are values which we encouragL in our pupil's w()rk and relulionships at Kings. The Tru.81L'¥S and Management Team of Kingdom Eduoalion I,imited iiiaintain that'l'he King's School and l-liglifield Prc5chool pr()vides quality acadctnic prepar&tion in an environinent which continuLs the Chrislian upbringing which ha$ begun al home #S a scrvlee to the Christian community. It 18 the Trustecs, policy for Tl)e King's SLhoul and Highfi¢ld Pr¢s¢hool to at¢ain the highest acadcmiL l¢vels. allowing eacli pupil to reach their full potential, as well a8 pr()viding programmes which aim lo develop godly characler. sglf-confidence and a desire to contribute towards the coniinunity. Th¢ King'3 School, as ai) independent day school is not subject to any 8cJvcrnance from any otl)er school ur group of schools. As a Christian school, while it is a ineinber of'an association of Christian schools (C'hristian S¢hools Trust) it is not affiliatcd with any particular church or organisation of cliur¢hes. The school's mission statement is 'Young people devoted to Chris4 equipped for life and pr¢par¢d to reach the world., This is i line with the evangelical Christian nature of the school. The King's School is non-seleetive and aims to maintain high academic achieveinenl with pupils illaximising their potential through small class sizes (niaximum 22), oftering an dLadetnic (subject-based) curriculum structured across the Primary School &nd the Secondary School and, by attracting teacliei's who are passionate educat0￿, demonstrate outstanding pastoral care and knowlurces and thc essential maiiitenance ol, the site continuL4 ta improve. Financial viability I'emains a prioi'ily to protect the Sclioul whilsi being qensitive lo changes in faniily Lircuinstan¢L.8. Bad debt manag¢inent rcmains in luLu.s with a view minimising ai'reurs and maximising ¢oll¢clions Ltforts. The school cuntinu¢s to pay attention to niarketill8 StratL'gy, Ihrougl) work with a niarkLlin8 Consuliant. The new websitL's for The King'8 School and toi. Higlifield Prescliool are reaping tlie benefiL$. We have continued wi)rk with GooglL Ads. With (kiober and MarLh Opeii D¢1yS. every use 1% made of oppi)rtunities and events to rais¢ public awarene.ls of the school. It is clear to the I rustecs and managLmenl (iiat this continues to pi)qi¢ively iinpactd pupil nuinhers. T'h¢ Preschool continue5 to operatL' al or near capacity. some 30-40 pupils al any one time. We arc grateful lo thL Pdrenls of the Preschool f<)r their invaluable support. Parents conlinuc to provide viiluiitary conlribulion5 but this year. support during the pandeniic was trem¢iidous. During thc reporting period, the Charity company has.. Carefully monilored 2020121 income and expenditurL. in a tight finartcial ¢nvironmenL and ensurcd that finan¢ial targets were Iiit as far as possible and ihal the School's initial response to fin&iiciAI issues caused by the coronavirus was timely and appropriate. Continued to revicw and updatc the Sehool's Ri.8k Register, through a rolling review programtne. Sel a bal&nced consolidated budget for 2022123 notwithstanding a challcnging financial environtllcnt, at the same time a¢knowledging the need to continually revisit the budget during the forthcoming 15 year, in tertn.E of likely ¢hanges tu Losts and incoine as a resuli of thc impact of the COVtD-19 pandeiiiic, and the inipact of. thes¢ ¢lianges on I'cserves. Monitored the IinanLial p¢rloi'mance of the Kingdom Education Ltd. and ensuring tli&t the Charity company's resources were used appropriately to support the SLhool. Ensured th¢ School remains fully compliant in all areas, including with the UK General Data Pr(Il¥clion Regulations (UK CJDPR). En.qured that ihe favourabl¢ outcotne in all areas of the ISI Compliance Inspection achieved in S¢ptLniber 2019 is mdintained, cvidencing that our rcsource utilisaiion is accomplishing its PUryK)se. IMPAcf ANALYS Improving pupil numbers througyh our websit¢ and consisleiil word of moutli campaigns is currently a priority. An addition of 5 or l O pupils would contributc tremendously lo ihe.school's resources. In October 2020 we set abnut an in41epth analysis of irends in admissions Over the prL'vious l O yLars. We assessed (sur ¢iii'rcnl Position and sct in place 'Projeci 212. which aim.% to have a 'full' scho<)l of 212 pupils by the y¢ar 2D28. 1.his is bas¢d on r¢alistiL growtl) figures, witl) a tocus on starting each year with d Strong RecLplion (Year O) class. that will grow as it goes through the qchool. The reLent decline iii iiumbers has coiiie as a resulc ot a few yLurs of low intake into Yeaj. O. Ti) hLlp with thi$ aim, a new tiered fec systein is to bL inlrodu¢¢d trom September 2021, to make joining ilie slhool in Year O a more attraclive and atlordable option, whilsl increasing fees in tl)¢ Se¢()ndary school, whicli costs us more io run and is well siibscribed, Tlie early indications are very pleasing. We have had two viabl¢ classes stait in year O in 2020 and in 2021. and rcLruilin¢nt ot. new pupils &¢ross lh¢ school has bcen excell¢nt (higTlier than previous ycars), espeLially in Priniary wh¢re we hav¢ spuuLs. W¢ w¢i'kn toreca8t to fiiiis11 11)¥ IlLddLIIIIL yeai. 2020121 witli 148 pupils, whereas we ended it wich 155. W¢ wei'L then diic lo lake a hit uf twolgrge Llasses leaving iii Summer 2021 (YL'ar 6 & 1 l), whiLli would hislL)rically have meant a dip in numbei's overall. Howcvcr, du¢ t() improved recruitmLnl of nLW pupils, we havc iiianaged to iiiaintsin our nuinberi al 155 al the start of the ii¢w schoul year. By Sumiiier 2022 we w¢re forecast to be ai 153, bul we are already ahead of ihat figure now. with more n¢w pupils signed up to join durin8 the acadeiniL y¥dr. The I ruslccs aiid %Lhoul Inaiiayei1)enl liave plans for a vi.8ioii day iii Au¢umn 20211(Tr shape our futur¢ plgn8. We will also be involving the slufl'of the sclii)ol in iliis process, as we SLek to be united in wliat we ar¢ tiying lo achieve aiid is our aim to gruw Ihe s¢h()ol, (o en&lbl¥ a slrongycr finanLial position to bL' mainlained. Continlied improvement of the school will positively affect its ability lo sustain its in)pact on the community and t() retain Lurreiil pupils and attract ncw ones. ￿le Inain priorities for the school's improvemint and dcv¢lopmcnt are the Continued pruf¢5sional developinent of OLir stall., mainthining thc continued improvemenl of the physical facilities, techn()logy 8nd sporl provision, along with eiisuring that all of our pupils Inake tlie best progrLSS possible. We are ex¢il¢d at ilie pi)tenlial for increasing the charity's impact on the wider comniunity, which the Scho(>l's iiiiproveiiient and continued positivl devel()pni¢nt, will facililale. 16 The S¢hool'8 Res onse to the Coronavirus COVID-19 Pandemie As a dii'ecl cunsequenc¢ of the outbreak of COVID-19. the Charity Company focus.%ed on mcasures necessary to re-opei) safely, partially from l %1 Jiijie 2020 and thcn tlie wliole sLhool in Seplember 2020, in line with governmenl guidance, with the creatioii ol-a detailed cheLklisl and assessment of risk; including the allocation to individual staff tnctnhcrs of responsibility for individual elements of it. 'I'lie safety and welfare uf our employees while at wurk, at hoine or on site, is the Company's highest prioi'ity. COVll)-19 Risk assessincnt was conducted. As a result, chthnges wLrL made in Il)¢ workplace lo prom()te social dislaneing, hand sanilisiii& ventilalioii, and increased cleaning of high contact areas. During the seLond lockdown, in early 2021. the l¢aming provision moved online. with the full curriculum dclivcred in Seaondary Scllool via Microsoft Tcaiiis. All Maths, Lnglisli and Science was dclivered in tlie Priinary School via T'eams or Zoom. willi turther projeLt work set and sent via email. Parents expressed gratefvl (lianks, and high levcls of satisfactiun, with th¢ way we have handlcd Il)e panden)ic. wh¢n asked on ()ur annLi&I PArent survey in Summer 2021. COVID-19 Ini act Dem#nd for Pl COVID-19 has liad a significant iinpact oil global niarkel eondition.s, and while li lias n(Il inipa¢l¢d the Charity CompAI)y odverscly, il may li) future affect demand foi. placcs. However. we have not seeii that in evidence as yLt and. as detsiled above, our adi))issions ot Ii¢w pupils and fainilies lias bcLn as slrun&F as ever. Given the cnvironm¢ntal changes associated with Brcxil. the iinpalt (In demand ti)r Khool places ut King's is p().%itive. ]3rilish Nalioiials (Overseas) in Flong Konb, (BNO) considerL)tiuns and thL nLW poinl.q-bascd immigration sysieni tr(Im January 2Q21 that Ireat¥ EU and non-EU citizens equally, has already been iii evideiicc. COVID-19 1111 #ct on Ili$k In¥iir#nce Thc school f()11()wed the C()VID-19 relalcd instructions and 81iidelines outliiied by the Depailment f()r Educaiion diid Public Health. T'he Senior Leadership Tcaiii issued a dynai))ie Kisk Assessmeni ducumcnt, Iipdaled regularly sincL March 2020, in Lonjunciion with all stdfl.. Thi widei. risks were monilored, infi)rming aiid updatii)g the sch()ol's Risk RLgi.ster as COVID-19 impaLtLd dll &r¢as of Ille sch()ol's operalion. 'riie l<)Lkdown measurcs and the cxlent of ihe pandemic have T]Qt rcsulted in an insurance claim for cither business inlerruption or loss uf income - our insurers denied validily o( any .¥uch Claim i)i) the current temis of our insurance. R¢sideiilial trips. planned during 2020121, were postponed, moved or adaptL'd such th&t no losses w¢rL' incuri'Ld by ihe school or par¢nLq in relation to trips. Year l O had their Wales trip in June 2021, postponed from May 2020, with no additional GOSis incurred. 'I'lie Y¢ai' l O Geo&Jraphy trip went ahead planned in July 2021 dnd Year 516 had their rLsidential to Woodrow adaptcd, with cost savings returned to parenLq who had paid in full. The Year 9 trip to Wales was intentionally delayed al Il)e ouiset until the y¢ar 2021122. Due to the unccrtainty around th¢ duralion of the COVID-19 pandemic. the precise monLtary impact lo the Charity/Company is not fully known. The Company will Continuously monitor trends in inflation. the jobs crisis triggered. market declines and their impact on the parent community. 17 COVID-19 1111 aet on Value of Fixed Ass¢ls Peiisiolls Assets and Liabilities Among the school's fixcd assets are the Senior ljloek, Multi-use Games Area and 5 minibuses as the most valuable. There hds been no detrimental chaiige in the value of these assets duc to COVII)-19 lockdown or pandemic. In carly 2020 the school took the decision to invest in a compliani Visitor Management System lo replace theii. traditional paper visitor bi)Lik. The cReceplioii product has bodL well for mo.stly touch rite system for stsff and contrdctors. visitor signing in and out. also, Ihereby Inc¢ting new Track and 'frace rcquirements. COVID-19 Im el on Information Technolo IT IT has played a substanlive role parlicularly in the past 18 Inonihs, facililatlllg remole le&rning throughout thc Primary and Secondary Schools. At the Pi'e$¢hool, tl)e Manager staff saf¢ly welcomed pupils to sitc in Seplembcr with PAre1)ts'￿1'A support. tl)ei'Lby securing Ili¢ schoul's income. COING CONCF.KN During the Ye￿ the charitable company rcported a deficit of £15,997 (2020.. -£31,536) and had nct assets of £172,169 (21120: £188,166) al the balancc sheet date. Thc Trustees have assessed whether the use ot'thc gToing concern basis IS appropriate and havc considered possible evenls or con(litions Ihal might Ltist signitiLaiit doubt oil Ihe dbility of the Lharitablc company lo continue as a going ¢onccrn. The '[ ru8tL'LS are clo%ely monil()rin8 Ihe iiiipacl of COVID-19 on the al)ilily of parents. to pay schools fees aiid the Un￿'1'tallitY <)ver ihe pupil numb¢rs as & result of. Il)e financial impa¢1 on ihe p&rents. The SL'hiKII hus miligalcd ili¢ findncial impaLt as optim&lly as il rcaxunably can by taking advantagc of the Governn)ent's Job Retcniion Scheime and Tii))e to Pay arrang¢niLiits as w¢ll rLducing oih¥r Losls where possible. Tlie I'riislc¥s have. as in 201912020. again in 2020121 Prepared fore¢asts and projections and havc taken acc()uni of tlie potential iillpact of COVID-19. Jncludcd in the forecast 1% tli¢ review of applicaliuns for %eptenibL'I' 2022, witli ihe new Foundatiun {K¢¢¢plion) and Year 7 classes al that p<)iiit expected to be ovei'_ subscrihed. 'ri)L school has received %lrung intcrLst troin Hong Kung, wilh Chi'i.gtians tl)ere looking to tskc advantage of tlic Brilish N&tionals Overscas (BNO) visa rules that changed in Junuary 2021. meaning they can easily acccss work in the UK. This remains a significant growth area, Icadiiig to a sharp increase in numbers in ilie short and m¢diuin term8. After making appropriate Lnquiries. the Truslces have coi)¢luded that wliilsl therL is reasoi)ablc cxpeclalion that the charitable entity reniains financially viable in tl)L long-tei'in and it will liave adLqUate resourLLs to Lunlinue in operatioiial exist¢n¢e for the foresecable future, there reinains somc uncertainty ov¢r pupil numbers, and this may cA8t 8ume doubt on tlie charitdble conipany's ability lo continue as a goin¥ Concern. Whilst thcr¢ can be no ccrtainty in relation to these matters, th¢ School 111 2020121 mel its liabilities and expects to be able to conlinue to meet its liabilities as they fall due iii the period of at least 12 months from the datc of approval of these accounts. 18 On this basis the Tru.qlees have coiicluded that tlie S¢hool is a going concern and continues lo adopt Ihe going Loncern basis in preparing the tinancial sldtLments. The financial statcments do not include any adjustments Ihal would result from the School not bcing able to Ine¢t its liabilities as thcy fall due. Risk M811 cnieiit The Trustees liave oversight of the risks faced by the Charity. Detailed consideralions of risk are delcgated to tlie Senior Managenieiil of the School. Risks are identified, assessed and controls Lstablished throughout the yLar. A formal review of the charily's risk management processes is undcrtakei) on an annual basis. Risk is managed undcr tl)e headings of financial sustainability. school safety, studcnl welfare. eniploymenl, school trips and events, and cominuiiity aLc¢ss. 'I'he main risks that the Trnst¢es have identified and the plans to manage those risks are.. Rcput&tion. The School's succ¢ss is built on its reputation foi. thc education and well-being of our pupils. WL manage this risk through safeguarding policies, staff recruitmcnt poliLies, pastoral support for b()tl) pupils and staff, and aclive identification and resolution of health and safety relalL.d issues. Money. Our ability to continue is relianl i)n pupil lees and the ability lo pay bills as they fall due. Thiq risk is Inanaging by marketing aL'tivity, liaving a reputation for academic cx¢¢llenc¢ and active ¢asl)-Ilow managcii)¢nL including access lo an adequatL shorl-term Lrcdil facility for boih the School and Presch()nl. Curriculum. Academic excellLn¢e requires Ilie most able teacher.s will deliver the curriculum lo pupils with a wide rdngc ()f ftbilities. We managc this risk by Li)nibinin8 trllined and ci>minilled stall., on-going investm¢iil in our silc, sUp￿rtiVe paiEnts wh(i.se children have an appetite for learniiigl and a bursary sch#inc IhRt recogniscs pupil acliievemenl and aplilude. Through the ri.8k management procLsses established for tl)e %¥hool, Ilie Trustees are s&tisfied Ihal tl)e major risks ideiititied hav¥ beei) adequdlely rniLiglltLd where nLLessary. 11 is recognised tl)at sysleiiis Lan only provide re8Aonable biit not absolute assurance Iliat major risks have been adequately maiiaged. FUTURE PLANS Tlie King's School, as an independcni Evang¢lical school oftcring 8 service lo the Christian Coinmunity. is uiiiqu¢ in its purp05c and ethos in the wid¥r Tliree Counties region. We Lonlinue to take advantage or our uniqueness and plan io maximise our impact in thc wider coinmunily. Our changes to our teL Struclure. implemented from the new aLademic ycar in Septembcr 2021, aim to make our school murL accessiblc lo families. We aim ti) bring familie5 in al a young ag¢ and off¢r thei)i an exLellenl school experience. Such tliai diey stay wilh us throughout Ilieir child'.s schooling. We Lonlinue lo grow in numbers, with new pupils joining regularly. Our l.ILadieacl)er, Andy Reeves, has first interviewsltours book¢d ev¢ry w¢¢k, with intcrest healthy across the full age range. Thei'e is also a hualthy crop of applications for September 2022. We have a small Year 6 class curr¢ntly. so arc working hard to recruit new Year 7 pupils. We still l)av¢ interest from HL)llgT Kong. with Chrisliai)s there looking lo take ddvaniage ot'the RNO visa rules that changed in January 2021, meaning they can ea.qily access w()rk in the IIK. Andy Reeves has presented a S¢hool Devclopment Growdi Plan. 'Proje¢t 212, to the .1 rustccs, that maps our ¢xp¢¢ted steady growth to 2a28. from our start in September 2020 (initially 148 pupils) to our goal of 212 piipil% (20 in each Secondary class, 16 in each Primary class). With thc recent growth, we al'e already ahead of schedule. 19 Tlie I rustees s¢ek to continually develop the serviLe offered to the school conimunity in l¢rn)s of the qualily of tcaching, tlie welfarc and safcty ofpupils, further in)prov¢d pupil progress and the pupil ¢xp¢rience as they niove ihraugh the school in addition to the quality of the site provision. We cuntinu¢ to strength¢n our links with thc community. Develo )nieiits and fvl#ititeiiaD¢e The Trustees and Manageinent are coiisidering a nuinber of capital devclopments of the school, both in temis of priorities and funding feasibility. Re.qerves Polic d Contiiiuit Rcs¢rv¢b ¢¥r¢ iie¢ded to bridgL tiic gap b¢tween the spending and r¢ceiving of income and to covei. unplanned emergciicy repairs and othcr expL'nditure. Thc Trusiees coiisider that unrestrictsd funds (ineluding Cash with 110 specifically designated USL) should bL' maintained at a minimum level equivalent to £50.000. That value at year end was £159,716, uiirLStricled. The Trustees consider th&t reserves should be at a level which ensures that in the cv¥nl of aiiy significant eventLialily wl)ich may potentially impede regular Schuol business, allows the Schi)ol's current aclivitiLS to Lolltinue while consideration is given tu ways in which additional t'unds may be raised. I'he Trustees ar¢ salisfied thai the amount is sU￿1c[ent to cover immediate procuremcnt of supplies or othLr costs whiLh any unfoi'eseen event or disa.st¢r rllay pi'esenl, before insuran¢e or aloiisside in%uran¢e claiins proceeds. Improving cash-flow from operating activities remains the currenl year focus. CLOSINC. COMMF,NT ThL Trusle¥s are pl¢&8ed that Kiiigdom Education has enjoyed another ¢ffectiVL and successful year. Tl)ey remain 8ratLful for tl)e commitment of the l-teadkacher, staff, pai'Lnls and pupils to the vision and activities ul'th¢ Lharity. DISL RE OF INF()RMATION TO AUDITORS l=,ach of the Trustees has confirtned ihat thcre is no infi)rmaiion of wliich they arc dware whiLh is relevant to the audi4 but of whi¢h the auditor is unaware. They have furthcr confimied that they have taken appropriate st¢ps to identify such relevant intormatiun and lo ¢s￿blIs11 that the audiLors ar¥ aware of sucli information. KINGF)OM EDUCATION LIMI'I'ED On behaifof the Board of Trustees Ashraf Trarahal, Chair of TNstLLs Signed: h. fa 11 ILL Dale- 20 KINGDOM IDUCATION LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees, who are al.go the directors of Kingdom Education Limited for tlie purpose of company law, are responsible for preparing the TrustL'es' Report and the accounts in ac¢ordaiice with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally ALcepted Accounting Pra¢ti¢e). Company law requires the l rnstees to prepare accounts for each financial year which give a true and fair view of the stsle of affairs of the School and uf th¢ incoming resources and appliLation of resour¢es. including the incoine and expenditure. of the charitable company for that year. In preparing these accounts, the Trustees are required 10.. Sel￿t suitablL accounting policies and tlien apply thei)I consistently observe the methods and principles in the Charities SORP n)&ke judginents and estiniates that are reasonable and prudent prepair tli¢ aLcounts on the 80in8 concern basis unless it is inappropriate to presume that thL School will cunlinue in operation. The'l ruslees &i'e responsible for keeping proper accoiinling re¢ords that disclose witli reasonable accuracy &t any linie the fiiiancial position of the School aiid enable them to ensurc that the accounts Lomply with the Companies Act 20116. They ar¢ also responsible for safeguardin8 the assets of tli¢ School and hencL. for taking reasonable stcps for tlic prev¢n¢ion and d¢¢eclion of fraud and otlier i1.￿￿UlarIties. 21 Kingdom Education Limited Indepéndent Auditors, report To the members of Kingdom Education Limited For the year ended 31 August 2021 Opinion We have audited the finanual slalemenls ol lfjngdom Education Llmiled I'the company.) for the year endèd 31 August 2021 ythich comprlse tha Statement of Fin8nual Actimtiès (incorporating the Summary Income and Expenditure Account), the Balance Sheet, the Cash Flow Statement and notes to the financial slalemenls. induding a summary of significant accounting policiès. Th8 financial reporting frarnewotk th81 has been applied in Iheir praparation is applicable law and Uniled Kingdom Accounting Stsndards, including FRS 102 'The Financial Reporting Sl8ndard ApplicaNe in Ihe UK and Ire18nd' (Unrted Kingdom Generally Acceptèd Accounting Praclicel. In our opinion the financlal $181em8nls'. give a true and f81r view of the stale tsf the charilabla company's affairs as al 31 August 2021 and of Ils Incoming resources and 8pplicatlon of resources, induding ils income and expenditure, for Ihe year then ended,. have been propèrfy preparad In aocordance vllh United KSn9dom Generally Accepted Accounling Practice.. and have been prapared in ae¢ord8nc8 wllh the requirements of the CompanSe8 Act 2008 Ba818 for oplnlon Wo conducted our audil in accordance wilh Inlematson81 Standards on Auditing IUKI IISAslUKII and applicable law. Our responsibilitie5 undèr those standards are further deserribed in the Auditorfs Responsibilities for the 8udrt of financAal stalernenls section of our report. We are indtspendenl of the harilable Lornpaiiy In accordance with the ethical requlrements Ihal are rtslev8nl lo our 8udit of the financial Slalements in the UK, indudlng the FRC'S Ethlcal Standard, and we havo fulfilled our other ethical responsibilities in accordanca with the58 requirements. We believe that the audit evidence wè have obtained Is Sufficlenl and appropriate lo provide 3 bas18 for our oplnlon. Mat•rlAI unc•rtalnty related to golng ¢onc•rn We drow attention lo not8 1 b in the finanrAal slalernenls, whlch indicates Ihal the charitsble companls future results ara reliant on the sufficient pupil numbers to oenerate surplus and net ￿$h inflow. As staled in note 1b these èvents or conditions. 81ong with tha other rnallers as Sel out in note 1b indlcate Ihal a materi81 uncertainty exists Ihal may cast signilicanl doubl on the company's abllity to continue a8 a going Concern. Our opinion is not modified in respect of this mattar. Other Infomiatlon The other information comprises the InformatSon included in the annual report, other than the linanci81 s181emenls and our autlilor's report thereon. The Iru51ees are responsible lor ihe other inlorrnalion. Our opinion on the financial statements does not cover the olhgr infomiation and, except lo th& exient othen￿lSe explic1￿Y staled In our rgport, we do not oxprgss any form of assurance conclusion thèrèon. In connection with our audit of the financ181 slalÉm@nls, our respon5ibilily is lo read the other information and, in doing so, wnsider whether the other Information is materially inconslslenl with the financial slalemerils or our knowledge obl8ined in the audit or olhewise 8pp8ars lo be materially misstated. If we idgntify such material inconsistencies or apparent material misstatements, we are required lo determine whether Ihere is material misstatement in the financial stalements or a material misstatement of Ihe olher information. If, based on the work we have perforrned, we conclude that thère is a material misslatemenl of this other inforrnalion, we ar8 raquired lo report Ihal lad. We have nothing to report in this regard. Kingdom Education Limited Independent Auditors, report (continued) To the members of Kingdom Education Limited Forthe year ended 31 August 2021 Oplnlon8 on othèr mattern prescrlbed by the Companiès Act 2006 In our opinion, based on the work undertaken In the course of the audit.. the infonration givan in the tru51ee5' annual report for the linaneial year for whlch the finandal stslemenls are prepared is consislenl with the financial statements.. and tha Iruslees, annual report has been prepared in accordance with applicable legal requirements. Mattern on whloh we are requlred to report by exceptlon In the light of the knowtedge and understanding ol the company and Ils envlronmenl obtained in the course of the audit. we have not Identified mat&rial misstal8menls in the Iruslees, annual report. We have nolhing lo report In respect ef the followlng mallers where the Companies Act 2006 requires u$ lo report lo you il. in our opinlon.. adequate accounting ye￿Id$ have not been kept, or relums adequato for our audit have not been receivèd Irtsm branches not visited by us,. or the finandal statements are not in agrèèment with the accounting records and ralums., or certain disdosure8 of Iruslee8' remuneration spe¢ified by law are not made,. or we have not re￿iVed all the inlomialion and explanations we require for our audit., or the trustees were not enlllled lo prepare the financial statemènts in accordance with the Small companles reglme and take advantage of the small comp8nies exernption in preparing the Truslee8' Annual Report and from preparfng a StrÈtegSc Report. R•yponilblllda8 ol tru8ts91 As gxplalned mor& lully In the Irusl66s' re$ponslblllllès statement 881 out on page 15, the truste86 Iwho are also the directors of the charitablè company for the purposes of company lawl a¥$ responsible for the preparallon of the financA81 slaternenls and for being satisfied that they give a true and fair viaw, and for Such Internal control as the Iruslees dètermine is necessary lo enable Ihe preparation of financial 5talemenls Ihat are freè from rnaterlal misstalemenl, whether due to fraud or érror. In pieparing the financial slal&monls, Ihe Iruslee5 are responsible for assessing the tharilable company's ability lo conllnue as a going concem, dis¢losing, as appli¢8ble, mallefs related to going conc8rn and usin9 the 90ing concèm basis of accounting unless the trustèes either Intend lo liquidate the charita￿e company or lo cease operations, or have no re8lrglic allemabve but lo do so. AudltoV• re8p¢nslhllltlè8 for the audlt of the finan¢141 Jtatements Our objectives are to obt8ln reasonabl8 assurance aboul whelher the finanoal statements ag a vlhole are free Irom material misslaternent, whethèr due lo fraud or error, and lo issue an auditorfs report that Incjudes ou¥ opinlon. Rèasonablè a55urance is a high18V81 of assurance, bul Ss not a guarantee that an audil conducted in accordance ￿th ISAS (UK) will always delecl 8 rnalarial missl8temènl when il exists. Mi551alements can arise from fraud or error and are considered material if. indiwdually or in aggregsle, they could rèasonably be expected lo influence the economlc decisions of users taken on the basis of these 23 Kingdom Educatlon Limited Independent Auditors, report {continuedl To the members of Kingdom Education Limited For the year ended 31 August 2021 Irregulartties, includlng fraud. are instances of non-complianc& wth laws and regulats'ons. Wè design procedures in line ￿th our responsibilities, ouuinèd above, lo detect material misstslÈMents in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularib'es, includlng fraud is detailed below. Explanatlon Is to what extent the audit Wa8 ¢on8ldored ¢8pablo of detsctlng ITregularItl￿, Includlng fraud The objectlves of our audit in rèspect of fraud, are.. to idenbfy and assess th• risk$ of malerial misslatemenl of the finanoal statements due lo fraud". to obtain sufficient appropriatè audrt evidence regarding the assessed risks of material misstatement due lo fraud, through designing and implementing appropriate responses lo those ass8ss8d risks,. and to respond approprialely lo instances of fraud or suspected fraud id8ntilied during thè 3udil. However, the primary re$pon$ibility for the prevention and detection of fraud re$ts with both managèment and those charged with governance ofthe charrtable company. Our approach w35 as follows.. W8 obtained an underglandlng of the legal and r89ulalory requlrements applicable to the ehaiitable company and considerod that the m05t Significant are the Companieg Acl 2006, the Char￿aS Act 2011. the Charity SORP, and UK financial reporilng gtsndards as issued by the Financlal Rèporting Counc41 We obtained an understanding of how the charitable company complie5 Vith Ihege requirements by discu6sion8 Imlh management and th080 charged goveinance. We asse88ed the rigk ol material mi581alement of the flnan¢ial $talemenls, including the rl$k of matarlal misstatement dua to fraud and how11 might o¢¢ur, by holdin9 discussions with managemant and those charged with governance. We inquired of management and Ih08e Charged with governance a9 to any known InJtanoe¥ of non- compliance or suspected non-¢ompliance ￿rith laws and regulations. Based on thi5 understanding, we designed Spacilic appropriate audll procedura8 to identify instances of non-compliance with laws and regulations. This induded making enquiri•s of managernenl and those charged with goveman¢e and oblaining addition81 corroborativè èvidence as required. As part of an audit in accordancè with ISAJ IUKI wo ¢xerase professional judgement and maintaln Identlfy and assess the risk8 of material mls$lat¢m¢nt of the fi'nancial gtalements, whethar due to fraud or error, degign and perform audit procedures rèsponslv& to those risk6. and obtsin audlt evidence that IS 8ufficient and appropriate lo provida a basis for our opinion. The risk of not d¢l¥cting material mlsslalemenl resulting from fr8vd Is higher than lor one resulting from error, a$ fraud may involve collusion, forgery, inlanlional omlssions, misrepresentations, or the override of internal control. Obtain an understanding ol inlemal control relevant to the audit in ord•r to design audlt procedures that are appropriate in the dr¢um$tsnces, but not for the purpos89 of exprasslng an opinion on the éffectivenes5 of the charitable company's internal control. Evaluate tho appropriateness of a¢eounling polides used and thé rèasonableno88 ol aocounting estimates and r&lal¢d disclosures made by the Iru$lèès. Conclude on the 8ppropriateness of the trustees, use of the going concern basis of accounting and, ba8e