Registered number.. 01901401
Charity number: 291913
KINGDOM EDUCATION LIMITED
(A Company Limited by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

KINGDOM EDUCATION LIMITED
IA Company Llmlted by Guarantee}
CONTENTS
Page
Reforence and Administrativa Details of the Companyp its Trusteos and Advisors
Trustees, Report
2-11
Trustees, Responsibilities Statement
12
Independent Auditors. Report on the Flnanclal Statements
13-16
ststement of Flnanclal Activltles
17
Balance Sheet
18-19
Statement of Cash Flows
20
Notos to the Financial Statements

KINGDOM EDUCATION LIMITED
IA Company Limited by Guarantee}
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
A Farahal, Chair of Trustees
C Ottaway, D8puly Chair
C Hammond
M Skipper
A Feluga {resigned 31 July 20241
C Chalkley
T Johnson
Kay Management
Personnèl
A Reeves, Headleacher
E Taylor, Bursar
S Case. Highfield Preschool Manager
C Edmonds, Head of Primary
S Hart, Hoad of Secondary
J Townsend. Deputy Head
Company registered
number
01901401
Charlly ragistored
numbor
291913
Reglstered offlce
Elmfield
Ambrose Lane
Harpenden
H?rtfordshire
AL54DU
ompany secretsry
M Skipper
Independent auditors
Haslers
Chartered Accounlanls
Old Station Road
Loughlon
Essex
IG10 4PL
Bankers
National Weslministèr Bank
72174 High Street
W8lford
Hertfordshire
WD12BQ
Solicltors
Anthony Collins Solicitors LLP
134 Edmund Street
Birmingham
B3 2ES
Page 1

KINGDOM EDUCATION LIMITED
IA Company Llmlted by Guarantèe}
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Directors and Charity Trustees (th8 Trustees l of Kingdom Education Limited are pleased lo present their
report together with the audited financial statements of the ¢harity for the yeaT lo 31st August 2024.
The financi81 statements cornpty wlh the Charities Act 2022. the Companies Act 2006, the Mem(Kandum and
Articles of Association, and Accounting and Reporting by Charities.. Slalement of Recommended Practi
{SORPI applicable lo ¢hari11os preparing their accounts in 0￿rdance with the Financial Reporting Standard
applicable in the LIK IFRS 1021 effective 31 January 2022.
Th6 accounts comply wth the charitls trust deed and applicable18W.
EP
Kingdom Education Limited is eslablish8d primarily to promote. provide for and assist in the advancement of
education of children in the United Kingdom and elsewhere. At The King's School, we see the development of
the whole child. physical, Spiritual and emotional as being important. We seek to devdop abilily and character.
BRIEF HISTORY
The King's School was estsblished in Hemel Hempst￿ with 75 pupils in 1982 and moved lo Harpenden during
1987. The current prèmisès, leased from Action for Chiklr6n, are situated in beautiful grounds on the oulskirts of
Harpenden.
The Trustees and Senior Leadership Team of Kingdom Education Limited mainlain that The King's School and
Highfield Preschool offer a seroice lo tha Christian community,. we seek to glve our chiklren an excellent
oducation, enabling them lo develop academically, grow in character, discover their worth and achieve their
potential. This is made possible by small class sizes. deéicated 16aching staff and outstsnding pastoral care..
undeipinned by our school values, The King's School Way.
The King's School provide8 a Christian lea¢hing environment. Our vision is to partner with parents in supporting
them in helping their children know God and be well prepared for His future for them. In doing so, we share with
parents in the privilege of helping pupils discover God's plan for their Ikves.
We are very proud lo offer this unique service to the Christian Community.
STRUCTURE GOVERNANCE & MANAGEMENT
The Trustees form the Board of Trusleos for Kingdom Education Ltd, the registered company. and are the
Trustees of Kingdom Education Ltd the registered Charity. Trustees are appointed by the Board of Trustees by
election and their service may terrninate by resignation or with due process by the Board of TNslee8. The
Trusleos administer Kingdom Education Limited and all ils ststulory commitments lo onsure the statutory
Independent School Standards Regulations are mel and, oversee the direction of The King's School and
Highfield Preschool with active oversight rasponsibilily for the management of teaching and learning wilh
particular emphasis on the progress pupils make.
Trustees meet regularly, with six formally s¢heduled meetings per year, each covering general topics but also
having a specific focus on an area of the Trust's wort(. Additional meeting8 are OTganised a5 needed.
The King's School, with an approved complemonl of 225 pupils, educates boys and girls ages 4 to GCSE116
years).
Highfield Preschool. an Early Years Foundation Stagè (EYFSI unlt a¢commodaling an average of 40 chiklren
from age 2 years 6 months lo 4 years old. The Preschool operates a short distance away al the Youth with
Mission IYWAMI premises on The Oval, Ambros& Lane, Harpenden, AL5 4BX. 11 is registered ￿th the DfE as a
PVI, Private, Voluntary and Independent {seclorl nursery.
Page 2

KINGDOM EDUCATION LIMITED
IA Company Llmlted by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees detemiine values and general policy of the School while the day-tovday cutture and running of The
King's School and Highfield Preschool is delegated lo the Headleacher with the support of the Bursar. The
Trustees oversee the financial responsibilities of the Company and ensure il maintains financial viability. Under
the Trust Deed the School has the power lo make any investments which the Trustees see fil. Al no lime during
the year did any Trustee hav8 a beneficial interest in the charity.
The Headleacher undertakes the key leadership role overseeing educational, pastoral and adminislralive
functions in consuftalion with the senior staff. The day to day adminislralion of the Preschool, Primary and
Secondary Schools is undertaken within the policies and procedures, key policies approved by the Trustees.
Significant expenditure decisions and major capital projects are referred lo the Trustees for prior approval.
The Headleaeher oversees the recruilmenl of all educational staff, administrative and non-teaching support staff
with the support of the Bursar. The Headleacher. Deputy Head and Bursar are inmled to allend Trustees.
meetings.
The Trustees and Management are supported by the remaining member of the Senior Leadership Team, Mrs
Heather Lees.
Safeguarding, Health and Safely and mutual respect continue lo be very important parts of the School,
responsibility and underpin all areas of activity in the School. Regular Safeguarding reports were made lo the
Board by Mr Ashraf Farahat, Safeguarding Trustee, who has been in regular contact with Mrs Heather Lees, the
Designated SafegLJarding Lead and Mrs Colleen Edmonds, the Deputy DSL {eSafely, EYFSI.
Annual Health and Safely Management Audits, Audits of the Single Central Register and review of a Risk
Register 18 conducted by trustees during each school year.
Information is available lo Trustees Ma the Trustees Hub and Policy Portal in Microsoft SharePoinl.
The Trustees are responsible for the Management of Risk fa￿ by the Charity with particular reference to
internal controls and the mitigation of risk and review the risks faced by the charity and are satisfied that systems
and procedures are in place lo mitigate exposure lo the major risks so far as is possible.
The School's Risk Register is submilled annually lo auditors Haslers A￿OUntants.
OBJECTIVES & ACTIVITIES
The King's School provides a broad curriculum wlh an emphasis on"The King's School Wal, lo meet the
Charity objectives..
Klndness
Helping and respecting others, whoever they are
Integrity
Doing the right thing. even when il's hard
Commitment
Giving our best in every situation
Togetherness
Playing our part in the school family
Page 3

KINGDOM EDUCATION LIMITED
IA Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Growth
Becoming the best we can be
Thankfulness
Being grateful for all that we are given
Falth
Honouring Jesus ChTI81 in all we do;
The foundation of The King's School Way
These are values which we encourage in our pupil's work and relaltonships at The King's School.
The Trustees and Management Team of Kingdom Education Limited maintain that The King's School and
Highfield Preschool provides quality academic preparation in an environment which continues the Christian
upbringing which has begun al home as a service lo the Christian community.
The King's School is non-seleclive and aims lo maintain high academi¢ achievement, with pupils maximising
their potential through small class sizes (maximum 221. We offer an academic Isubject-basedl curriculum
slruclured across the Primary School and the Secondary School and, by attracting teachers who are passionate
educators. we demonstrate outstanding pastoral care, complemented by knowledgeable staff in their particular
fields.
Highfield Preschool is very well subscribed and renowned within the wider Harpenden ¢ommunily.11 Is staffed by
a compelenl Manager with very capable group leaders and support ¥taff.
The Highfield Preschool continues lo deliver a high standard of seDJice lo the community and had an
'OLJlslanding' rating for ils Ofsled inspection in January 2020. We commend the Manager, Mrs Sandra Case and
her Team for their ex￿lIent work.
Pupil places are in high demand al the Preschool which has remained near capacity enrolmenl in recent years.
The sterling work of the staff has seen a continued development of the produd offered., PE classes in the
curriculum are a unique feature for our Preschool and benefits all our preschool pupils. Additionally, the Early
Years Quality Standards {EYQS) offered by HFL Education IformeTly Herts for Learning), has awarded the Gold
standard to our Preschool - the highest level of the EYQS. It recognizes schools that have demonslraled a
commitment lo excellence and qualily in early years education.
11 is Management's policy lo assist children in developing their personal spiritual walk wlh the Lord. This
expresses itself in class and School assemblies, Bible study and pastoral care, in addition to opportunities lo
travel locally and abroad lo witness in Schools and churches.
The Company objectives for the coming year are as follows..
To maintain the high curriculum standards that have been sel in academic and spirf(ual tems in recent
years by maintaining staff levels in numeric and quality terms.
To secure. equip and develop excellent professional teachers while promoting inspirational leaching with
the assistance of compelenl support staff.
To pursue a high level of enrolment by means of personal recommendations and by effective word of
mouth advertising and internet marketing.
To improve facilities on the school sile.
Page 4

KINGDOM EDUCATION LIMITED
(A Company Limited by Guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Our objectives are addressed on INSET Days and through enrolling teachers for professional development
course8, and by effective tracking of the academic progress of our pupils.
We endeavour to promote pupil enrolmenl through Open Days, our School website, advertising in local Media
and by encouraging our parents to promote the School by word of mouth. The Headleacher meets with local
pastors lo build links with local churches and their congregations. who form the bulk of our potential intake. We
also maintain and develop good relationships with local ministry groups. The Highfield Preschool actively
promotes enrolmenl al The King's School.
In developing the sile and facilities, we work in close cooperation with our landlord8. Action for Children. In
addition, the School funds development projects through fundraising.
11 is a primary aim of our School that every member of the school community feols valued and respected, and
that each person is treated fairly and well. We are a caring community, whose Christian values are based on
mutual Irusl, consideration and respect for all.
The School has a Code of Conduct. bul the piimary aim is not to enforce a system of rules bul rather lo promote
good relationships, by encouraging positive attitudes, so that everyone can work and learn together in an
effective and considerate way.
The King's School was subje¢l to a full Educational Quality and Cornpliance inspection by the Independent
Schools Inspeclorale IISII in February 2024. The school was found lo be compliant in all areas. with a long list of
positive findings by the inspection team. There were three areas for development identified, as detailed in the
published report, which is linked on our website.
ACHIEVEMENTS & PERFORMANCE
Pu
il Numbers and Fegs
Our edu¢alional activities are carried out through our Secondary School and our Primary School. By the end of
the academic year 2023-24, we had 175 pupils on roll, a decrease of 11 from the same stage in 2022-23. This is
the first dip in numbers since we sel growth targets in October 2020 as part of our Project 212, which aims lo
see the school'full, al 212 pupils by 2Q28. The longer term trend remains positive though, and we have recruited
well in the summer and first part of the autumn term. meaning that the year to come is likely to see growth
overall, rather than further decline in numbers.
The school fee structure was reviewed in 2021 as part of Project 212. For 2022123. a £20 per month increase
was applied. across all groups. with the exception being Y10111. who already had a planned increase to a £9,450
annual fee as part of the restructure.
Similarfy. in 2023124, a flal-rale school fee increase was applied across all year groups, rather than a percentage
increase. The simpler and more transparent increase meant Parents could more easily predict and plan for the
increase. The fee increases were. £27.50 per month for Years O-g and a lower £12.50 for Years 10 and 11.
School Fees for the academic year 2023124 were..
Page 5

KINGDOM EDUCATION LIMITED
{A Company Limited by Guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Year
Gi'ou
Annual
1st Child
Month
2nd Child
Mont
31'd Child
Monthl
4th Child
Mont
Tennly
Yio&ii
£9,6(Kb.QO
£3300.00
£￿.00
£640.
£480.00
£343.50
Y7,Y8&
Y9
Y3-Y6
YI&Y2
Foundatio
£9,120.00
£3.040.00
£700.00
£608.IKI
£456.(K>
£306.IKI
£8J70.00
£7.470.00
£2,7911.Olb
£2A90.00
£697.50
£558.110
£418.50
£267.50
£622.50
£498.(K)
£373.50
£311.25
£&570.IXJ
£2,190.00
£547.50
£438.
£328.50
£273.75
Academic Achievements
The School's academic achievements continue to reach a high standard. A full attainment and progres8 report is
published each September on the school website. The summary for the 2023124 cohort is..
37Q/o grade 7-9
9SO/o pass rale (grade 4 or above)
95010 of pupils achieved 5 or more passes. including English & Maths
Value added score of +0.86
of CAT target grades mel or exceeded
S eclal Educatlonal Needs
The King's School continues lo develop the provision within the School's SEN Department. Jane Judson, our
SENCO, liaises effectively with leaching staff and parents lo bring about the best outcomes for pupils across the
Primary and Secondary Schools, including one pupil with an EHCP.
Remote Learnln
Remote learning was ulilised in case of need durlng this financial year.
Extracurrlcular actlvltles
The school has an extensive sports and music programme, plus a range of clubs available al both lunchtime and
after school. Highlights of the 2023124 year included..
two of our Table Tennis teams reaching the semi-finals of the National championships, an oulstsnding
achievement for a school of our size.
a full musical theatre production in March 2024, involwng pupils from Years 5 through to 11.
a selection of our Year 10111 pupils attending a leadership conference in Budapest, Hungary in October
2023, with the group organising some brilliant follow-up events al school during the year.
our annual Christmas party for local senior citizens, which was well allended On￿ again.
PUBLIC BENEFIT
The Trustees have respected the Charity slalus which Kingdom Education Limited enjoys and have taken due
regard lo guidance published by the Charity Commission on public benefit.
The School offers a School Fee Schedule which, in combination with financial support, provides access to
education to children whose families would othen￿lSe have been unable lo afford independent school fees, or
whose financial circumslonces have suffered delerioralion.
The King's School operates financial assistance through ils self-slyled Bursary Fund, by foregoing school fee
income. The School currently offers this support lo a number of families who have suffered short lo medium term
economic setbacks and lo a lesser extent lo new pupils. The Chafily remains commilled to ils public benefit
Page 6

KINGDOM EDUCATION LIMITED
{A Company Limbted by Guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
responsibility by selling a bursary funding largel al 10Vh of 118 gloss income. However, this figure naluially
fluctuates each year in response lo varwng demand- that is. gs parents, needs for these sell-funded bursaries
change annually. This strategy runs concurrently with the School's policy of keeping fees affordable lo remain
accessible lo as broad 8 section of the Christian community as possible. The School provides thi8 financial
assistance with fees, individually tailored lo parental needs. usually ranging from lo 1000A remission of fe8s.
In 2022123, we rmade a 'Bursary Fund appeal,, with a video from the Trustees seeking support from parents who
could afford lo lop up their fees with extra donations. This plea was repealed in 2023124.
Delalls of Bursa
Awards
In the financial year 2023124, the School provided bursary support, in the amount of £161,523 or 11.7% of tha
gross school fee in¢ome19.1 % in 20221231. Bursaries were awarded for 16 families lo benefit 32 pupils. as
against 12 famIl￿S and 21 pupils in the previous year. Bursaries are typI￿lIY means-lesled and reviewed
annually.
The demand for bursary support has remained high dLJ6 to ongoing economic challenges, including high interest
rates, low produclivily. a light labour markeL slow privale sector growth, and inflalionary pressures. the legacies
of COVtD-19, Brexit, with global conflict and rk8ing energy costs mor8 recently.
Other Policies of Asslslance
Foe Pollcy
The School aims lo keep fees as affordable a8 possible to a¢commodale a wlde economlc range within Ihe
Christian community. This requires careful budgeting and expenditure control.
Fees are invoiced lermly and musl be paid in advance on the first day of term. Allernalively, parents may opt for
a direct debil payment plan, allowing fees to be paid in 12 equal monthly instalmenls. patd in advance fram
August to July annually. The inlroductvjn ol direct debit has been highly suc¢essful.
The School manages debt colleCt￿)n car8fully lo minimize cash flow disruptions.
Family Discounts Pollcy
To support familias, the Sch(￿ offers sibling diS￿unIS to parents,. a 20% discount is afforded the 2nd child, 40°
to the 3rd and further children SOOA. A 10% discount is also gwen to members of the Clergy and am)ed for¢8S.
Staff School Fee Remlsslon
To allract and relain high-calibre staff, the School offers 8 fee remlssion scheme for employees educating Ih&ir
Children al the School.
Private Healthcara Staff Scheme
Staff have continued lo benefit from free private healthcare through Benenden Health, which provides a 2417 GP
helpline, mental health support and physiolherapy among other services.
In the Communlty
As highlighted in the Extra-curricular section, the School actively engages with and supports local schools and
Ihe broader communty through various events and initiatives.
FINANCIAL REVIEW- 3108 2024
In the financial year 2023r24. the Charity generated £1,628.590 in incoming r8source8, 8 slight decrease of
3.570A from £1,688,786 in 2022123. The Sehool ended the year with 175 pupils (reduced from 186 in summer
20231. The shortfall in SchoDI fee income and in Donations and Grants contributed lo thé reduced revenue
figures.
Page 7

KINGDOM EDUCATION LIMITED
IA Company Llmlted by Guaranteal
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Resources expended has increa8ed by 15.160h12022123- 12.590AI. These rising operational costs were primaTi
due lo inflation.
The Charity sp&nl significantly more than il earned in 2023124, eroding previous financial gains.. the surplus in
20221231£183,9621 turned into a deficit in 20231241-£104,3661, the rise in expenditure outweighed incoming
resources. Looking al historical trends, 2021122 and 202Q121 also showed deficits of -£15,997 and-£31,536,
respectively, though al a much smaller scale than in 2023124,. indicating that financial suslainabilily has been a
recurring challenge, with only 2022123 achieving a surplus.
The Charf(y's Nel Assets Position showed a 30.920A decrease. a subslanlial reduction in reseNes, which
threatens long-temi financial resilience.
Summary Data
2023124
2022123
2021122
2020lll
Incoming Resoui'ces
Resoui'ces Expended
Net (Expenditui'e) /
Incotne
Net Assets
£1,628,590.00 £1,688,786.00 £1,320,591.00 £1,281,369.00
£1,731956.00 £1,504,824.00 £1,336,588.00 £1,312,905.00
-£104,366.00 £183,962.00 -£15,997.00
-£31,536.00
£232 936.OJ £337 302.00 £146 576.54 £172,409.84
During the reporting period, the Charity company has..
Carefully monitored 2023124 income and expenditure, in a liohl financial environment, towards ensuring
that financial tsrgels were mel.
Three-year energy contracts shielded the Charity against energy inflation and food price iises.
Continued to review and update tho School's Risk Register, through a rolling review programme.
Set a balanced consolidated budget for 2023124 nolwilhslanding the challenging financial and political
environrnenl, carefully controlling perfoimance against budget lo reduce the impact of inflation.
Monitored the financial performance of the Kingdom Education Ltd, and ensuring that the Charitls
resources were used appropriately lo support the activities and mission of the School.
IMPACT ANALYSIS
The Trustees and School management have spent tho last three years considering Wision 2022,, involwng staff
in the process, part of which is a fo¢us on enabling a stronger financial position lo be maintained. With the final
vision summary shared with the school community al our 40th anniversary celebrations in September 2022,
trustees and stsff ¢onlinue to explore how lo implement the Vision. part of which also includes our impact on the
local, and wider, community.
Continued improvement of the s¢hool will positively affect ils ability lo sustain ils impact on the community and lo
relain current pupils and allract new ones. The main priorities for the school's improvement and development are
the continued professional development of our staff, maintaining the continued improvement of the physical
facilities, technology and sport provision, along with ensuring that all our pupils make the best progress possible.
These priorities need lo remain in place, even in the context of potentially necessary cost-culling measures.
We are excited at the potential for increasino the charity's impact on the wider community, which the School's
improvement and Continued positive development, will facililale.
Page 8

KINGDOM EDUCATION LIMITED
IA Company Llmlted by Guarantee}
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
GOING CONCERN
During the year the charitable company reported a defi¢il of -£104.36S la decrease of 156.730A from a surplus of
£183.962 in 20221231 and had nel assets of £232,936 (a decrease of 30.920h from £337,302 in 20221231 at the
balance sheet dale. The Iruslees have prepared plans and budgets, which consider all available information,
including the impact of the introduction of VAT on fees from 1 January 2025 and the Government's Autumn 2024
Budget changes for April 2025 (loss of 800/0 of the Charity's business rates relief, the national minimum wage
increases and adjuslmenls lo the Employers, NICs}. These plans and budgets cover a period of at least 12
months following the aulhorising of the financial statements presented.
Based on these budgets, together with consideration of the level of cash and assets held al the year end, the
trustees have a reasonable expectation that the Company will continue in operational existence for the
foreseeable future and therefore consider il appropriate to adopt the going concem basis of preparation for the
financial stalemenls.
A further objective in the next 12 months is lo meet the challenges presented in the new financial year, which
threaten the affordability and accessibility of education for many families, with resilience and good management.
The long-lerm picture is a encouraging one, despite the current financial challenges that the Government's
Autumn 2024 Budget imposes. The School's finances are strongly linked lo pupil numbers, as the major portion
of Charity income is through school fees. Due lo our changes lo marketing and fee structure in recent years. we
have reciuiled a healthy foundation class (Reception l Year 01 for the last 4 years. This has meant strong
classes moving up through the school for years lo come. The intake for September 2025 looks healthy again,
with another solid intake from our preschool. not to mention any who come from elsewhere. The families in these
younger classes are active in School life, keen lo 'maikel' the school to their friends and are very happy with the
service we are providing.
In 2020 we launched Project 212, wlh the aim lo move from 148 pupils al that point to 212 pupils by the end of
the 2027128 school year. This project was well ahead of schedule in the first 3 years, reaching 186 pupils in
summer 2023, 19 ahead of the plan. In 2023124 we look a hit of an unusual number of pupils leaving during the
year across two secondary year groups (now years g & 101 leaving us with smaller than desired classes in these
two cohorts. We finished the year al 175 pupils. bNo short of the 177 target. We are due lo be at 187 by the end
of this academic year. We are currently al 175, with the deficit almost entirely down lo these two smaller groups
al the lop end of the Secondary school. This target of 187 is achievable {in 2022123 we gTew by 23 pupils (net)
across the yearl. However, this growth cannot be guaranteed.
Wf(h a small Year 6 class leaving Primary this summer, there is the opportunity lo grow by starting September
2025 with a larger Year 7 class. This will be dependent on good recruilmenl from outside of the school {we
usually bring in about 10 pupils}- Interest has remained steady bul again there are no guarantees of a large class
when il comes lo it. We'll need to work hard 81 il in the coming months.
We are working, with skilled volunteers from our PTC (parent group), on a re-vamp of our website, which we
hope will bring in further interest. We continue to work on raising our profile in the local Christian community,
through links with churches and targeted advertising. Our main marketing driver remains word of mouth
recommendation, which is why any decisions we make regarding cuts lo our spending (and some will no doubl
be necessary) musl be taken wth a view lo not diminishing our product, or elso we may lose the benefit of these
word of mouth recommendations.
Cost savln
There are some services that we have benefilled from in recent years that we will cul ifthe need to save money
arises. These will tske effect during the next academic year120251261 so will not impact the current school years
spend {20241251. We are working with our senior management team wlh regard lo various areas of the expense
budget and considering any savings that can be made. These are likely to be small amounts here and there,
although lots of these can amount lo a larger lolal saving. By far our largest expense is our staffing costs and we
Page 9

KINGDOM EDUCATION LIMITED
IA Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
may need lo cul these in the year lo Come. Decisions in this area are hard lo forecast, as it will be dependent on
class sizes I pupil numbers in various sections of the school.
Our initial eslimale of potential total savings forthe next academrc year is just under £100,000, the equivalent of
about 14 pupils, fees.
Rlsk Mana
ement
Detailed considerations of risk are delegated lo the Senior Management of the Sch¢X)l. Risks are identified,
assessed and controls established throughout the year. A formal review of the charity's risk management
processes is undertaken on an annual basis. Risk is managed under the headings of financial sustainability,
school safety. student welfare, employment. school trips and events. and community access.
The main risks that the Trustees have identified and the plans to manage those risks are..
Reputstion. The School's success is built on ils reputslion for the education and well-being of our pupils.
We manage this risk through safeguarding policies. staff recruilmenl policies. pastoral support for both
pupils and staff, and active idenlificalion and resolution of health and safety related issues.
Resources. Going Concern prospects continue lo be reliant on pupil fees and the ability to settle bills as
they fall due. This risk is managed by marketing aclivily, having a reputation for academic excellence
and active cash-flow management, including access to an adequate short-lemi credit facility for both the
School and Preschool.
Curriculum. Academic excellence requires that the most able teachers will deliver the curriculum lo
pupils with a wide range of abilities. We manage this risk by recruiting trained and committed staff, on-
going investment in our sile, supportive parents whose children have an appetf(e for learning, and a
bursary scheme lo maintain the education of those in temporary need.
Through the risk management processes established for the School. the Trustees are satisfied that the major
risks identified have been adequately miligaled where ne￿$sary.11 is recognised that systems can only provide
reasonable bul not absolute assurance that major risks have been adequately managed.
FUTURE PLANS
We Continue lo tske advantage of our uniqueness and plan lo maximise our impact in the wider community and
lo make our school more accessible lo families. We aim lo bring families in al a young age and offer them an
excellent school experience, such that they slay with us throughout their child's schooling. Wa still have interest
from Hong Kong, with Christians there looking lo lake advantage of the BNO visa rules that changed in January
2021. meaning they can easily access work in the UK.
The School's Management and Trustees seek lo Continual￿ develop the service offered to the school community
in terms of the quality of leaching. the welfare and safely of pupils, further improved pupil progress and the pupil
experience as they move through the school in addition lo the quality of the site provision.
We continue to strengthen our links with the community.
Develo
ments and Maintenance
The Trustees and Management are considering a number of capital developments of the school, both in terms of
priorities and funding feasibility. We intend lo move cautiously in the current political environment- holding cash
remaining a priority.
ReseNes Polic
and Continui
Reserves play a crucial role in bridging the gap between income and expenditure while ensuring financial stability
in the face of unforeseen events, such as emergency repairs or operational disruptions. The Trustees consider
that unrestricted funds (including cash with no specifically designated usel should be maintained al a minimum
level equivalent lo £85,000 {increased from £50,000). Th8 value of vnreslricled al year end was £100,15212023
Page 10

KINGDOM EDUCATION LIMITED
IA Company Llmlted by Guarantèe)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
- £135,015).
The Trustees aim lo conlinLte building reseNes to a level that ensures the School's activities can continue in the
event of any significant disruption while additional funding Is secured. The Charity focus for 2024-26 is on
r$venue diversification, cost control measures, and financial planning lo strengthen reserves.
Improving cash flow from operating actlvilies remains a koy foGL￿ for the year ahead.
CLOSING COMMENTS
Despite the flnancial challeng68 fa￿d in 2023124. including rising opor8tional costs and a deficit of £104,￿, the
Charity remains commilled lo ils mission and long-lerm suslainabilily. While the decrease in nel assets by
30.92% is a concern. the School Continues to make strategic adjuslmenls to ensure financial resilience, including
cost control measures, exploring revenue diversification, and improved financial planning. Encouragingly, pupil
numbers remain stable, with 175 pupils enrollad 81 year-end, and fulure projections indicate continued growth,
particulady in the Primary School.
The Trustoes acknowledge the uncertainties ahead, particularly wilh the Government's Autumn 2024 Budget and
th8 introduction of VAT on school fees from January 2025 but remain confident the Charity's ability to n8vigale
thes8 changes. Th8 focus remains on preserving the School's reputation, enhancing its flnancial sustainability,
and ensuring the best possible educational outcomes for pupils.
Through sensible fina￿la1 management. proaclrve risk mitigation, and strong community engagement, th8
Charity is well-posilioned lo overcome these challenges and continue delivering a high-qualily education that
positively impacts pupils. families, and the wider Community. The Trusteès aTe oplimislic aboul the School's
future and committed lo ensuring ils long-lerm success.
The King's School remains a place where children can grow in integrity. with thankfulness and kindness al the
heart of our community. The King's School began as a faith venture over 40 years ago and our trust in God is
still al our core now, as it was back then.
ISCLOSURE OF
NFORMATION TO AUDITORS
Each of the Trustees has confinned that there is no lrtformation of which Ih&y are aware whi¢h is relevant lo the
audit, bul of which the auditor is unaware. They hove further confirmed that they have taken appropriate steps to
identify such relevant information and 10 8Stablish that the auditors are aware of such information.
Approved by order of thè members of th8 board of on 29 April 2025 and signed on their behalf by..
4fv.ul,
A Farahat
Chair of Trustees
Pago11

KINGDOM EDUCATION LIMITED
{A Company Limited by Guaranteel
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2024
The Tru8te&s (who are also the dir@clors of the Company for the purpose8 of company law) are responsible for
preparing the TTuslees' Report and the financial slalemenls in xcordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Praclicel.
Company law requires the lo prepare financial statements for each financial year which give a true and fair view
of th8 stala of affairs of the School and of the ineomin9 resources and application of resou¥ces, including the
incom8 2nd expenditure, of the chari18b18 company for that year. In Preparing these accounts. the Trustees are
Tequired lo..
select suitable accounting policies and then apply Ihgm COIISlslenlly',
observè the methods and principles of the Charities SORP (FRS 102).,
make judgements and accounling estimates that are reasonable and prudent.,
stale whether appli¢able UK Accounting Standards IFRS 1021 have been followed, subject lo any material
departures disclosed and explained in the financial slalgments.,
prepare the financial stslemen18 on the going concern basis unless il is inappropriate to presume that the
Company will continue in business.
Theare r88ponsible for keeping adequate accounting records that are sufficient lo show and explain the
CoMpan￿S transactions and disclose with reasonable accuracy at any lime the financial position of the Company
and enable them lo en8ure that the financial statements comply with the Companies AGt 2006. They are also
responsible for safeguarding the asséts of the Cunpany and hence for taking reasonable steps for the
prevention and detection ol fraud and other I￿egUlarl11eS.
Approved by order of the members of the board of Trustees on 29 April 2025 and Signetl on 118 behalf by..
A Farahat
Chair of Trustees
Page 12

KINGDOM EDUCATION LIMITED
{A Company Llmited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF KINGDOM EDUCATION LIMITED
Opinion
We have auditsd the financial slalemenls of Kingdom Education Limited (Ihe'charitable ¢ompany'l for the year
ended 31 August 2024 which comprise the Slalemenl of Financial Aclivilies, the Balance Sheet, the Statement
of Cash Flows and the related notes, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practi¢el.
In our opinion the financial stalemenls..
give a true and fair view of the slate of the Gharilable companls affairs as al 31 August 2024 and of its
incoming resources and application of resources, including ils income and expenditure for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generalty Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS {UKII and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial slalements se¢lion of our report. We are independent of the charitable company in accordan
with the ethical requirements that are relevant to our audit of the financial slalemenls in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Concluslons relating lo golng concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
aulhorised for issue.
Our responsibilities and the responsibilitie8 of the Trustees with respect lo going COn￿M are described in the
relevant sections of this report.
Page 13

KINGDOM EDUCATION LIMITED
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF KINGDOM EDUCATION LIMITED
(CONTINUED}
Othèr informatlon
The othgr infomiation comprises the information included in the Annual Report other than the financial
statements and our Auditors. Report thereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial slalemenls does not cover the other infomialion and,
except to the extent othewise explicitly slated in our report. we do not express any fomi of a3surance concluslon
Ihereon. Okjr responsibility is to read the other information and, in doing so, ¢onsiderwhether the other
information is materially inconsistent with the financial slalemenls or our knowledge oblainad in the course of the
audit, or otherwise appears to b8 materially misstated. If we identify such materi81 inconsislenci&s or apparent
material misstatements, we are required to determine whether this gives rise lo a material misslalemenl in the
rinancial slalemenls themselves. If, b888d on the work we have performed, we conclude that there is a material
misslalemenl of this other information. we are required lo report that fact.
We have nothing to report in this regard.
Matters on wh5ch we are requlred to report by excgption
We have nothing lo réport in respect ofthe folbw¢ng mallers wh$r8 th6 Chari118s (Accounts and Reports)
Regulations 2008 requires us lo report to you rf, in our opinion..
the information given in the Tnjstees, Report is inconsistent in any m8lerk?I rgsp8Ct with the financial
slat8menls', or
sufficient accounting records have not been kept., or
the financial slalements are not in agreement with the accounting records and returns- or
we hav6 not re￿iVed all the information and explanations we require for our audit.
Rèsponslbllltles of tyustees
As explained more fully Ihe Trustees, Responsibilities Slalement, the Trustees (who are also the directors of
the charf(able company for the purposes of company law) 8re responsible for the preparation of the financial
staleménls and for being satisfied that they 9ive a true and fair vtsw, and for such internal control as the
Trustees determine is necessary lo enable the preparation of financial slalemenls that are free from malerial
misslalemenl, vthelher due lo fraud or error.
In preparing the financÉal statements, the Trusloes ara responsible for assessing the charitable company's ability
lo ¢onlinue as a goino concern, disclosing, as applicable, matters related to going concern and using the going
Concern basis of accounting unless the Trustees either intend lo liquidate the charitable company or lo ceas8
operations, or have no realistic allernaliv8 but lo do so.
Page 14

KINGDOM EDUCATION LIMITED
{A Company Llmlted by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF KINGDOM EDUCATION LIMITED
ICONTINUEDI
Audltors. respon51bllltles for th8 audlt of the flnanGial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance wth
the Act and relevant regulations made or having effect Iher6under.
Our objectives are to obtain reasonablo assurance about whether the financial statements as a whole are freè
from material misstatement, whether due to fraud or error, and lo issue an Auditors, Report that includes our
opinion. Rèasonable assurance is a high level of assurance, bul is not a guaran168 that an audit conducted in
accordance with ISAS (UK) will 21w8ys detect a material misstatement when il exists. Misstalemenls can 8rise
from fiaud or error and are ¢onsidared m8leri81 if. indlvidually or in the aggregate, they could rea80nably be
expected to influence the @conomic decisions of users taken on the basls of these financial statements.
ITregularili8s, Including fraud. are instances of non-complian￿ with laws and regulations. We design procedure8
In line with our responsibilities, outlined above, to delect material misstslemenls in respect of irregularili69,
including fraud. The extent to which our procedures are capable of delecling irrégularities, including fraud is
detailed below.
Based on our underslanding of the legal and r8gulalory framewotrks that are appI￿a￿le to the 8nlitywe have
onsidered those that have a direct and indirect material impact on the financial statements and oparalions of
the company. These include bul ar6 not limited to the Charities Act 2011. GDPR, and Employment and Health &
Safety legislation.
We obtaine(l an undèrstanding of how the company are complying with those legal and regulatory frameworks by
making inquiries lo the managemenl. We coKretrJoraled our inquiries through our review of documentation
generated and assessing the extent of compliance with the relevant laws and regulations.
We discussed among the audit engagement team regarding the opportunities and incentives, including
management override of controls, that may exist within the organisalion for fraud and how and where fraud might
occur in thè fi'n2ftcial slalements.
As a resutt of performing the above, we idenlifwd the greatest potential for material misslatemenls due to fraud
are in the followng areas, and our specific procedurEs perfomied to address these are described below..
The risk of management override of eontrols is the area where the financial slalemenls were most susceptible to
alerial misslalement due to fraud. In addition, the key principal risks related to the existence of inappropriate
journal entries lo impact the profit for the year and managemenl bias in accounting estimates.
Procedures perf(￿ed to address these were as foltows..
Identifying and assessing the design effectiveness of controls management has place lo prevent arTd detect
fraud, including known or suspected instances of non-compliance wlh laws and regulations. and fraud.,
Understanding how those charged with governance considered and addressed the potenllal for overrida of
controls or other inappropriate influence over the financial reporting prows..
Challenging assumptions an4J judgments made by management In ils Signifi￿nt accounting estimates.,
Identifying at)d 16s15ng journal entries, in p8rticular any unusual journal entries p951ed around the year-end and
journal entries posted by infrequenl system us6rs,' and
Ensuring that funds have been classified correctly.
Page 15

KINGDOM EDUCATION LIMITED
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF KINGDOM EDUCATION LIMITED
ICONTINUEDI
Because of the inherent limitations of an audit, there is a risk that we will not dete¢t all irregularities, including
those leading to a material misslatemenl in the financial stslemenls or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial slalemenls, as we IMII be less likely lo become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due lo fraud rather than error. as fraud involves
intentional concealment. forgery, collusion, omission or misrepresentslion.
A further description of our responsibilities for the audit of the financial statements is located on the Finaneial
Reporting Council's website at.. vJww.frc.or
.uklauditorsres
onsibililies. This description fomis part of our
Auditors. Report.
Use of our report
This report 18 made solely lo the charitable compan18 Iruslees. as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale
lo the charitable companls Iruslees those matters we are required lo slate lo them in an Auditors. Report and
for no other purpose. To the fullest extent permitted by law, we do not a¢cepl or assume responsibility lo anyone
other than the charitable company and ils members, as a body, for our audit work. for this report. or for the
opinions we have formed.
Haslers
Chartered Accounlanls
Slalijlory Auditor
Old Slalion Road
Loughlon
Essex
IG10 4PL
29 April 2025
Haslers are eligibl& lo act as auditors in temis of section 1212 of the Companies Act 20￿.
Page 16

KINGDOM EDUCATION LIMITED
{A Company Llmlted by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 AUGUST 2024
Restricted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Tolal
funds
2023
Note
Incomè from:
Donations and legacies
Charitable activities
Other trading actiwties
Investments
194rt18
15,281
1,380.052
6,106
32,733
209.699
1.380,052
6,106
32,733
239,890
1,423.379
6,995
18,523
Total Income
194,418
1.434.172
1,628,590
1.688, 787
Expendlture on:
Raising funds
Charitable activfiies
4.164
1,511,671
4,164
1,728,792
10,217
1,494,608
217.121
Total expenditure
217,121
1,515,635
1.732.956
1,504,825
N9t movement In funds
122,7031
181,6631
1104.3661
183,962
Re¢onclllatlon of fund8:
Total funds brought forward
Net movement in fun¢Js
56.377
(22.7031
280,925
(81,663)
337,302
1104,3661
153,340
183,962
Totsl funds carrled lomard
33,674
199,262
232.936
337.302
The Statement of Financial Actwilies includes all gains ahd los$es recognised in the year.
The notes on pages 21 to 37 form part of these financial Slalemenls.
Page 17

KINGDOM EDUCATION LIMITED
IA Company Llmlted by Guarantee}
REGISTERED NUMBER: 01901401
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Flxed assets
Tangible assets
10
191,030
223,843
191,030
223.843
Current assets
Debtors
Cash al bank and in hand
11
369,368
303,655
434,695
245,031
673,023
679, 726
C¥edilors'. amoun18 falling due wilhin one
year
12
1544,453)
1455,908)
Net curront assets
128,570
223,818
Total assetslègs current Ilabllltles
319,600
447,661
Credilors.- amounts falling due after more
than one year
14
186,664)
(ItO.359)
Total net assets
232,936
337,302
Charity funds
Restricted funds
Unrestricted funds
15
33,674
56,377
Designated funds
General funds
15
15
100,152
99,110
135,015
f 45.910
Total unrestricted funds
15
199,262
280.925
Total funds
232,936
337,302
Page 18

KINGDOM EDUCATION LIMITED
IA Company Llmlted by Guarantee)
REGISTERED NUMBER.. 01901401
BALANCE SHEET ICONTINUEDI
AS AT 31 AUGUST 2024
The entity was enlilled lo exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity lo obtain an audit for the year in question in accordance with section
476 of the Companies Act 2006.
However, an audit is required in accordance with section 744 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the reqU1￿ments of the Act with respect to
accounting records and preparation of financial stslemenls.
The financial slalemenls have been prepared in accordance with the provisions applicable to entities subject lo
the small companies regime.
The financial slalemenls were approved and aulhorised for issue by the Trustees on 29 April 2025 and signed
on their behalf by..
A Farahat
(Chair of Trustees)
The notes on page8 2110 37 form part of these financial slalemenls.
Page19

KINGDOM EDUCATION LIMITED
IA Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Cash flows from operatlng activitlos
Net cash used in operating activities
63,557
157. 113
Cash flows from Investing activities
Diwdends. interests and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
4.675
1,648
5.300
(59.382J
(9,6081
Net cash used In Investlng activities
4.9331
152.4341
Cash flows from flnanclng actlvltles
Net cash provlded by flnancing activities
Change in cash and cash equivalents In the year
Cash and cash equivalents al the beginning of the year
58,624
104,679
140,352
245,031
Cash and cash equlvalents at the end of Ihg yoar
303.655
245,031
The notes on pages 2110 37 form part of these financial slalemenls
Page 20

KINGDOM EDUCATION LIMITED
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
General inforniatlon
Kingdom Education Limited is a charitable company, limi18d by guarantee. registered in England and
Wales. The registered charity number rf 291913 and the registered company numb6r is 01901401. The
registered addre88 is Elmfield, Ambrose Lane, Harpenden, Herts, AL5 4DU. The princip81 activity of the
charity is pre-prlmary, prlm2ry and secondary education.
Accounting pollcl88
2.1 Basls of preparation of flnancial statements
The financial slalements have been prepared in accordance with the Charities SORP {FRS 102)
Accounting and Reporting by Cha¥ilies= Slalemenl of Recommended Practi￿ applicable to charities
preparing their accounts in accordance thith the Financial Reporting Standard aPpI￿able in the UK
and Republic of Ireland IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Repukn1￿ of Ireland IFRS 1021 and the Companies Act 2006.
King(lom Education Limited meets the definition of a publrc benefit 8ntily under FRS 102. Assets and
liabilities ar& initially recognised al hisloTical 0051 or transaction value unless olhenNise slated in the
levant accounting policy.
The financial statements are prèsented in Pound Sterling, the functional currency of the charity,
rounded lo the nearest £.
2.2 Golng concern
These financial slalemenls have been prepared on the going concern basis. The Iruslees have
prepared plans and budgets, whrch take into account all available information, including the impact of
the intfoduclion of VAT on fees from 1 January 2025. These plans and budgets covar a period of al
least 12 months following the aulhorising of these financial statements.
Based on these budgets. t(yJelher with consrderalion of th8 l&vel of cash and assets held at the year
8nd, the Iruslees h8ve a reasonable expectation that th6 Company will continu@ in Ope￿tIonal
existence for th6 foreseeable fulLFre and therefore consider it appropriate lo adopt the going ¢oncem
basi8 of preparation for th8se financial stat￿)entS.
2.3 InGorne
All income is recognised once the Company has enlillemenl lo th8 income, It is probabl8 that the
income will be received and th6 amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of
income received for specific purposes bul not expended during ths period is shown in the relevant
funds on the Balance Sheol. Where income is received in advance of enlilFement of receipt, ils
recognition is d8ferred and included in creditors as deferred income. Wher8 enlillement occurs
before incom6 is received, the income is aacrued.
Page21

KINGDOM EDUCATION LIMITED
IA Company Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Aceountlnll pollcles Icontlnuedl
2.4 Expenditurn
Expenditure is recognised once thera is 2 legal or conslruclive obligation lo transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in selllement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made vp of the total of direct costs and shared costs. including support costs
involved in undertaking each activity. Direct costs allributable lo a single aclifflly are allocated directly
to that aclEvily. Shared costs which Contribute lo more than one activity and Support costs which are
not attributsblé lo a single activlly are apportioned between those aclivilies on a basis conslstenl wlh
the uso of resources. Central staff costs are allocated on the basis of lime spent, and depreciation
charges 8llocaled on the portion of th8 ass81's use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its
chari18bl6 PLJrpos6s and includes costs of all fundraising activities events and non-charilable trading.
Expenditure on charitable activities is incurred on direclty undertaking the activities which further the
Companls objectives, as well a8 any associated support costs.
Grants payable are charged in thè year when the offer is made except in those cases where the offer
Is conditional, such grants being recognised as expenditure when the condition8 attaching are
fulfilled. Grants offered subject to conditions which hav8 not been mel al the year end are noted as a
commitment, bul not accrued as expenditure.
All expenditure is inclusive of irreGoverable VAT.
2.$ Government grdnts
Govarnmenl grants relating lo tangible fixed assets sre treated as deferred income and released lo
the Slalemenl of Financial Activities ovèr the expèctèd useful lives of the assets concerned. Other
gran18 are Cred￿ed lo the Slalemenl of Financial Activities as the related expenditure is it)curred.
2.6 Tanglble fixed assats and deprecSatlon
Tangible fixed assets costing £500 or more are capilalised and Tecognlsed when future economic
benefits are probable and the cost or value of the asset ¢8n b& measured reliably.
Tangible fixed assets are initially recogni$8d al Cost. After recognition, under tha cost model, tangible
fixed assets are measured 81 cost less accumulated depreciation and any accumulated impainrent
losses. All costs incurred lo bring a tangible fixed asset into ils intended working condlllon Should be
included in the measurement of cost.
Depreciation is charg8d so as to allocate the c05t of tangible fixed assets less their residual value
over their eslimaled useful life.
Depreciation is provided on th& following basis..
Long-term leasehold prijperty
Plant and machinery
Motor vehicles
Fixtures and fillings
S°A straight lin6
33Q/o reducing balance
330% reducing balancg
230% reducing balance
Page 22

KINGDOM EDUCATION LIMITED
IA Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng pollcles {continuedl
2.7 Debtors
Trade and other debtors are recognised at the selllemenl amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
2.8 Cash at bank and In hand
Cash al bank and in hand includes cash and short-lemi highly liquid investments with a short maturity
of three months or less from the date of a¢qui811ion or opening of the deposit or similar account.
2.9 Llabllltles and provlslons
Liabilities are recognised when there is an obligation al the Balance Sheet dale as a result of a past
event, il is probable that a transfer of economic benefit will be required in selllemenl, and the amount
of the settlement can be e81imated reliably.
Liabilities are recognised al the amount that the Company anticipates il will pay lo sellle the debt or
the amount il has received as advanced payments for the goods or sejvices it musl provide.
Provisions are measuied al the best estimate of the amounts required to sellle the obligation. Where
the effect of the lime value of money is material, the provision is based on the present value of those
amounts, discounted al the pre-tax discount rale that reflects the risks specific lo the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finan￿ cost.
2.10 Flnanclal Instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial
inslrumenls. Basic financial inslyumenls are initially recognised at transaction value and subsequently
measured al their selllemenl value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.11 Penslons
The charity operates a defined wnlribulion pension scheme and the pension charge represent8 the
amounts payable by the charity to the fund in respect of the year.
Page 23

KINGDOM EDUCATION LIMITED
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting pollcles Icontlnuedl
2.12 Fund accounting
General funds are unreslri¢led funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Company and which have not been designated for other
purposes.
Designated funds comprise unreslricled funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is sel out in the notes to the financial
slalemenls.
Restricted funds are funds which are to be used in accordance wlh specific reslriclions imposed by
donors or which have boen raised by the Company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each reslricled
fund is sel out in the notes lo the financial slalemenls.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacle8
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tot81
funds
2023
Donatlons
Donations
8,699
15,281
23,980
52.832
Grants
The King's School
Highfield Preschool
Inclusion Funding
EYPP
8,808
171,161
5,255
495
8,808
171.161
5.255
495
15,013
172,045
184,418
15,281
209.699
239,890
Total 2023
208,206
31.684
239.890
Page 24

KINGDOM EDUCATION LIMITED
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from charllable acllvStles
Unréstricted
funds
2024
Total
funds
2024
Tolal
funds
2023
School fees
Bursaries
Pre school fee8
Special support fees
Registration fees
School activities
School trips
Minibus hire
1.398,993
1,398,993
1,419,651
{161.5231 {161,523} (t30,926)
74,667
74.667
53,874
Y,274
6,613
19,494
25,811
21,588
5,770
31,527
19,206
11,412
5,770
31,527
19.206
11.412
1.380,052
1.380.052
1,423,379
Tolal 2023
1,423,379
1,423,379
Investment Income
Unrestricted
funds
2024
Total
funds
2024
Tof81
funds
2023
Rental income
Interest receivable
28.058
4,67S
28,068
4.67S
16,875
1,648
32,733
32.733
14523
Total 2023
18,523
18,523
Page 25

KINGDOM EDUCATION LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysls of expenditure by activities
Activitie$
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Tot61
funds
2023
School fees
1,278,386
450,406
1.728,792
1,494,607
Total 2023
1, 144,840
349, 767
1.494,607
Analysis of direct costs
Total
funds
2024
Total
funds
2023
Staff costs
School activities, events and supplies
School trips
Training
1,192.911
54,958
18,054
12.463
1.065,909
47,380
26.002
5,549
1,278,386
1, 144,840
Page 26

KINGDOM EDUCATION LIMITED
A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expondlture by activities (continuadl
Analysls of support costs
Total
funds
2024
Tolal
funds
2023
Depreciation
Lighl, heal ?nd water
Rent
Rates
Cleaning
Repairs and maintsnance
Insurance
Telephone
42.421
68.435
92.824
10,714
1,793
63,980
16,744
14,830
40, 188
31.242
91,562
17.640
3,040
68,876
12, 156
16,641
E li
Printing. postage and stationery
Minibus expenses
Marketing
Vehicle leasing
Equipment leasing
Bad debts
Lic8nses and 8ubscriplion8
Computer costs
Bank charges
Staff refreshments and events
Grant funding of 8cliMlie8
Professional fees
14.975
9.079
2.866
15,494
19,656
13,067
15,511
17,631
6.846
1.597
3,416
18,527
13,611
9,866
1,926
7.691
20.936
{32,424J
11,539
9,487
6.643
1,283
1,669
22, 195
450.406
349, 767
Audltor8' remuneration
2024
2023
Fees payable lo the C(*hpanVs auditor for the audit of the Companls
annual accounts
10,752
10,242
Page 27

KINGDOM EDUCATION LIMITEO
(A Company Limited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
1,068,455
72.372
52,084
954,361
61.853
49,694
1,192,911
1,065,908
The average numb8T of persons employeLI by the Company during the year was as follows..
2024
No.
2023
No.
Tea¢hing and leaching support staff
Administrative staff
Premises staff
42
60
No employee received remuneration amounting to more than £60.000 in either year.
The key management personnel of the Academy comprise the Trustees and the senior rnanagement
te8m as lisl8d on pag6 1. The lotsl employment benefits including employer pension contributions of the
key management personnel were £283,71612023.. £272.4791.
Trustees. remuneration and @xpenses
During the year, no Trustees received any remuneratKJn or other benefits (2023- £NILJ.
A r61ative of a trustee has been paid remuneration during the yearwhi¢h have been disclosed on note 23.
Duling the year ended 31 August 2024, no Trustee expenses have been incurred {2023- £NILJ-
Page 28

KINGDOM EDUCATION LIMITED
IA Company Limited by Guardnteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10. Tanglble flxed assets
Long-temi
leasehold
property
Plant and
machinery
Motor Flxtures and
vehlcles
fittings
Total
Cost or valuatlon
Al 1 September 2023
Additions
467.555
4,242
183,011
5.366
109,219
77,391
837.176
9,608
Al 31 August 2024
471,797
188,377
109.219
77,391
846.784
Depreciation
Al I September 2023
Charge for the year
297,364
23,341
155.485
10,459
87,351
7.216
73.133
1,405
613,333
42.421
Al 31 August 2024
320,705
165.944
94,567
74.538
655,754
Net book value
At 31 August 2024
151,092
22,433
14,652
2,853
191.030
At 31 August 2023
170.191
27,526
21.868
4,258
223,843
11.
Debtors
2024
2023
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
356.348
10,267
2,753
394, 705
28,82t
11,169
369.368
434,695
Page 29

KINGDOM EDUCATION LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
12. Creditors.. Amounts falllng due within one year
2024
2023
Trade creditors
Other creditors
Accruals and deferred income
9,393
56,139
478,921
6. 102
8.992
440,814
544.453
455,908
13. Deferred Income
2024
2023
Deferred income at 1 September 2023
Resources deferred in the year
Amounts released from previous years
430.572
339.357
466,455
430.572
1430,5721 (339,357)
466.455
430,572
As al the year end date, the school were holding fees received in advance from parents for the 2024125
academic year.
14. Credltors: Amount$ falllng due after more than one year
2024
2023
other creditors
86.664
110,359
Page 30

KINGDOM EDUCATION LIMITED
(A Company Llmlted by Guaranteè)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
15. Statement of funds
statement of fund5- current yaar
Balance at I
September
2023
Balanc8 at
31 August
2024
Transfers
Inlout
Income Expenditure
Unv8strict8d funds
Deslgnated funds
Highfield Pre8chLK)I
Minibus fund
Dawn Kids
34,863
14,000
457
5.992
{52,453)
11,698
14,000
457
560
135
85,000
Sports Hall Fund
Sir Halley Stewart Trust
Cash Reserves
560
135
85,000
125
{1251
136.015
6.117
(52,5781
11,598
100.152
Genaral funds
General Funds
145,910
1,428,055 11.463.257)
{11,5981
99,110
Total Unrestricted fijnds
280,925
1.434,172 11,515,835)
199,262
Restricted funds
Highfield Preschool
SEN funding
Bursary Fund
Project Development
Special Projects
The King's School
7,730
7.500
19.172
20,445
1,530
171.161
178,891}
7.500
4,500
3,375
824
123,6721
23,820
2.354
14,$58
(14,558)
56.377
194,418
1217.1211
33,674
Total of funds
337,302
1,628.590 11,732,956)
232.936
Page 31

KINGDOM EDUCATION LIMITED
{A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
15. Statement of funds Icontlnuedl
The specifi¢ puiposes for which the funds are lo be applied are as foltows..
Dawn Kids
Dawn Kids is a School pupil missionloulreach group which vi81ts churches lo reach the less fortunate in
various European countries.
Minibus Fund
Monies gen&raled from Parent use of the minibuse8 Sel asid6 lor purchaselr8placemenl minibus in
2025126 or 2026127.
SEN Funding
Started with a donation from appreciative parents. The school is to finaFise ils use. Initially il will be used
for funding Spacial Educational Needsl Education Psychologist assessments for SEN pupils whose
parents cannot afford the cost.
Slr Halley Stewart Trust
The School received funds from th8 Sir Halley Stewart Trust which are awarded to a music pupil as prize.
Hlghfleld Preschool
Grantg and donations received in order to continue fvnding the Highfield preschool.
The Klng's School
Grants received from the councA in order to fund early yearfs education.
Project Development Fundlsports Hall FundlSpe¢ial Prolects
The School has iniliale(J plans, and funds, lo facilitate capital d&velopment on sile. This includes several
projects including, 8 new Sport8 Hall, conVerS￿n of the currènt GymlHall to facilitate the semng of school
dinners Complete with kitchen. and a block of Secondary School classrooms lo supp18menl th& provision
In the eurrenl SenKir Block.
Bursary Fund
The King's School Bursary Fund is self-funded, 8UPPOrting pupils in keeping with the Ch8rily's charitable
purpose and Publtc Benefit obligation. Hisltrrically, the School annually foregoes 100/0 of gross income to
fund Bursaries, normalty means lesled. Launched in 2022 the Bursary fund replaced the Educational
D8velopmenl Fund.
Cash Reserves
The Charity sets aside a cash reserve, below which ils cash reseNe should not fall. This is eq￿n￿rent lo
month's fixed expenses obligations, including payroll. rent, et¢.
During the year, there was a transfer between general and designated funds. This transfer represents
gtsneral funds used lo cover the deficit on the Highfield PT&School fund.
Page 32

KINGDOM EDUCATION LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
15. Statement of funds Icontinuedl
statement of funds- prlor year
Balance al
I S8plember
2022
B818nce al
31 August
2023
T￿nSferS
in/oul
Income Expendilure
Unrestricted funds
Designated funds
Highfield Preschool
Minibus fund
10,304
7,298
(12, 739)
30,000
9,000
34,863
14,000
457
560
135
85.000
Dawn Kids
457
560
Sports Hall Fund
Sir Halley Stewart Trust
Cash Reserves
135
85.000
10,304
13.450
(12, T39?
124,000
135,015
General funds
General Funds
135,536
1,467. 131 {1,312. 757) 1144,000)
145,910
Total Unrestrlcted funds
145,840
1,480,581 (1,325,496)
(20,000)
280,925
Restricted funds
Highfield Preschool
SEN funding
Bursary Fund
Project Development
Special Projects
The King's School
172.046
(164.316)
7, 730
7,500
t9.172
20,445
1,530
7,500
19,172
445
1.530
15.013
20.000
(15,013)
7,500
208,206
(179.329J
20.000
56,377
Total of funds
153,340
1.688. 787 (t,504,825)
337,302
Page 33

KINGDOM EDUCATION LIMITED
{A Company Llmited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16. Summary of funds
Summary offunds- current year
Balance at q
Septembèr
2023
Balance at
31 August
2024
Transfers
Inlout
Income Expenditure
Designated funds
General funds
Restricted funds
135.015
146.910
56.377
6.117
152.5781
IN28.05S {1.483.2571
194A18
12q7,121}
11.598
111.5981
IIM),152
99.110
33.674
337,302
1,628,590 11,732,956)
232,936
Summary ot funds- prior year
Balance al
I Sept8mber
2022
Balance 81
31 Augusl
2023
TTrnsfers
in/out
Income Exp8ndilure
Designated funds
General ftjnds
Reslrtcted funds
10,304
13,450
(12, 739)
124,000
135,536
1.467, 131 {t,3q2, 757) (144,000)
7,500 208,206
(IT9,329J
20.000
135,015
145,910
56,377
159,340
1,688, 787 (1,504,825)
337,302
Page $4

KINGDOM EDUCATION LIMITED
IA Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
17. Analysls of net assets be￿een funds
Analysls of net assèts bètweèn funds- current perlod
Restrlcted Unrestrlcted
funds
funds
2024
2024
Total
fund$
2024
Tangible fixed asset8
Current assets
Creditors due within one year
cr￿lI10r8 due in more Ihan one year
191,030
639,349
1558,7871
{72,3301
191,030
673.023
1658.7871
{72,3301
33.674
Total
33,674
199,262
232.936
Analysis of net assets between funds - prlor perlod
Res(rict8d UnrestriGted
funds
lunds
2023
2023
Tot31
funds
2023
Tangible fixed assets
Current 8SS8Is
Creditors due within ona year
Creditors due in more than one year
223,843
223,843
623,349
679, 726
(455.908)
(454908)
(110,359) (110,359J
56,377
Total
56,377
280,925
337.302
Page 35

KINGDOM EDUCATION LIMITED
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
18.
Reconclllatlon of net movement in funds to net cash flow from operatlng actlvltles
2024
2023
Net incomelexpendilure for the period las per Statement of Financial
Aclivitiesl
{104,3661
183,962
Adjustments for:
Depreciation charges
Amortisalion charges
Lossl{profill on the sale of fixed assets
Decreasellincrease} in debtors
Increase in creditors
42A21
14,6751
40. 181
11,648)
(5,072)
(75,881)
17,018
65,327
64,850
Net cash provlded by operatlng actlvltles
63,557
158,560
19. Analysls of cash and cash equivalents
2024
2023
Cash in hand
303.655
245,031
Total cash and cash equivalents
303.655
245.031
20. Analysis of changes in net debt
At1
September
At31
2023 Cash flows August 2024
Cash at bank and in hand
245,031
58.624
303.6SS
245,031
58,624
303,655
21. Ponslon commltments
Contributions payable by the company during the year amounted lo £52,084 (2023.. £49.6941.
Page 36

KINGDOM EDUCATION LIMITED
IA Company Limitèd by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
22. Operatlng lease commltments
At 31 August 2024 the Company had commilmenls to make future minimum18ase payments under non-
cancellable operating leases as follows..
2024
2023
Not later Ihan 1 year
Later than 1 year ané not later than 5 yoars
14,951
15,699
92,239
30,651
30.650
122,890
23. Members. liablllty
Each member of the charitable company undertakes lo contribute to the a88et8 of the company in the
event of it being wound up while helshe is a member, or within one year after helshe ceases lo be a
member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted
before helshe ceases lo be a member.
24. Related party Iransactions
The follow¢ng relative of Iruslees were pald remuneration during the year..
2024
2023
Jacqueline Faharal
Sabrina Johnson
14,796
8,059
13,943
8,059
22.855
22,002
25.
Post balanc& sheet evonts
In the October 2024 Budget, the Government introduced VAT on School fe&s, whtch will be impl8m8nted
from l January 2025.
Page 37

Registered number.. 01901401
Charity number: 291913
KINGDOM EDUCATION LIMITED
(A Company Limited by Guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

KINGDOM EDUCATION LIMITED
IA Company Limited by Guarantee)
CONTENTS
Page
Referonce and Admlnlstratlve Detalls of the Company, Its Trustees and Advlsers
Trustees. Report
2-11
Trusteès. Responsibilities Statement
12
Independent Auditors. Report on the Financial Statements
13-16
Statement of Flnanclal Actlvltles
17
Balance Sheet
18-19
Statement of Cash Flows
20
Notes to the Financial Statgmonts
21-37