2020-08-31-accounts

Charity Regisliation No: 307409 Company Registration No: 432077 RYDE SCHOOL WITH UPPER CHINE Annual Report 2020 •AA¢KT521* 19m312021 COWANIES HOUSE

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RYDE SCHOOL CONTENTS Page No. Report ol the Governors including the Slralegt Rewrt . 2-15 Report ot the Independent Auditor. 16-18 Slalement of Financi4 Activit￿S Balance Sheet 20 stalemersl of cash flows 21 Notes to.the A￿o￿nIS 22-35

RYDE SCHOOL (Company No- 432077, Charity No. 3074091 REPORT OF THE GOVERNORS Ref•r•nce and admlnlstrative delalls Nam9: Ryde School {kncwn as Ryde Schcol wtlh Upper Chine) BOARD OF GOVERNORS IAJI Go¥effl￿s a￿ Directors for ts purpose of company law) Chaimin: Professor C.C. Lees MB BS Bsc MD FRCOG Vlce Chairn￿n and Honorary Governor: Dr M.0 Legg BSC, M.B.8.S. Herediiary Govemor.. Dr A. MCISa￿ M.A.. O.Phil Honorary Goveffnof: Mr M J Wakelield M A. (Rebred 31 August 20201 Governors: Mis J.E, Bland Cert.Ed,' RSA Dip SpLDs Miss Chantal-Aimee Doerries Q.C. Mf A M Crawlord Mr C.S S Ofew MA (Oxonl (Resigned 22 NOVem￿r 2019) Mrs O.K. Haig-Thomas 8A Hons. Mr P. Hamilton (Appoinleil 13th Macch 2020) Mrs A.V.F. Harvey Mrs. C Jacot)s RGN Mr A.P. Ramsay (Appointed 22 Noveml)er 20191 Mrs. J.L. Wallace-Dutton M. P.l.J. Weeks Dr M.L Wilson D Eng (Resigned 30" November 2020) Clerk to the Governors and Compan Secr•tary." Mr J. Marren Bsc., ACA lappointed 16 Seplembef 20191 Mr P.C Taylor J.P.. FCA. FRSA (Relired 16, September 20191 The H•adma$l•r: Mr M A. Waldion M A. Icantabl, M.Ed Th• Bursar. Mr J. Marren BS¢. ACA Honorèry Visitor The Rl. Revd. Chiistopher Foster, Ihe Bishop of Portsmouth Bankers.. HSBC, 38, UnioTr Street, Ryde. Isk d Woht. P033 2LJ Auditor- BDO LLP Arcadia House, mariti￿ Walk. ¢lean Village. S￿¢hampton. SO14 3TL Solicltors: The Schcol seeks legal advKe several firms, ￿e￿ndent on the topic. Investment Advisors: Cazenove, 12 Moorgale. London. EC2R 6DA Reglstered Office: Queens Ro, Ryde, Isk of W￿h1. P033 3BE

RYDE SCHOOL REPORT OF THE GOVERNORS (Continued) The Govemois present Iheir report together with the financial Statements for the year endetj 31st August 2020. 1. Objectives and activities Charitable Oblects and Aims Ryde School is a ¢haiity that seeks lo benefit the public by pursuin9 and delivering Its edUCat￿nal aims detailed below. Its lees are set at 3 ￿Ve1 that ensure financial viability and provide excellence in education. The School welcomes pupils frcffi a variety of backgrounds. Unlike many schools, pupils are not selected on their academi¢ abilrty but need lo demonstrate that they will fil into the S¢hrxJl community and benefit from the education on offer. EGontsm5C Status, ethn￿lly, race and religion are not part of the assessment proces5 as the School is an equal opportunity organisats.on and encourages a Community Ihal is free fvom discriminalion although the School Is a Chfislian foundation regislered with the Church of England diocese of Portsmouth as having a partiCLtlar religious character. The inculcation of Chrislian values is imporlanl lo the School bul il ￿CognISeS the values of other lailhs The School endeavours to follow best practice as recommended by the Charity Commisson in discharging its aims and objectives lo the benefit. as far as possible. of the public both locally. nationally and Internationally. Sch¢>ol Value$ We arn an islandschool with a global outtook Our purpose is lo provide workl-class educab.on on the Isle of WKJhl. enabling our boarding and day pupils lo Ik)urish in MIND. BODY and SOUL. We will nurture Ihe CHARACTER. SKILLS and VALUES lo help Ihern make a positive difference and embrace the opportunities of the whler world. WE BELIEVE iItKJ 1&14..bKJ kYu O,. -IIKI cJlol%it(*gxJ.rtIEN15 Itl IlP.LYJ la l) its IIOWr5h

RYDE SCHOOL REPORT OF THE GOVERNORS Icontinued) As an 18 School we want ourpupils to bect)me." BALANCED CARING COMMUNICATORS COURAGEOUS CREATIVE INQUIRERS KNOWLEDGEABLE OPEN-MINDED PRINCIPLED REFLECTIVE RISK TAKERS SELF-OISCIPLINED THINKERS As a Round Squar• Candldato School we beltsve In andoncourage pup'ls to engage with.. Intemat￿naI1sM Democracy Environmentalism Adventure Leadership Service As a PSB School we encourage ourpuwls.. To learn to lead, to work as a teawn an(1 to opefate independenlly To be reflects"ve, seeing all learning as a thance to ieview and Improve To take every opportunity to develop their commuThcatKsn skills Monltoring The School assesses ils success in delNering Its values through the work of the Board SLSb-commitlee5 who monitor ihe delivery ol those aims. The crit￿la and ouicome5 are referred to In more detail Ihroughoul this report. The School's current Sliategic Plan availab￿ on the website ¥vw4v.rydesclK￿I.org.Uk. is monrtored by the Finance and General Purposes Committee. Publlc Ben8flt The governors confirm t￿Y have due regard io the 9uidance on Public Benefit published by the Charity Commission in exe¥¢isin9 their power and duties. The Board of Governors Is comrnilted to meeting 115 resFK)nsibililies with regard lo the prOv￿lon ol benefit lo the wider publ￿. 2. Structure, Governance and Management The School is committed lo maintaining the high slandards of GOverna￿e recognised in recenl School inspections. 2.1 Gov•mlng Oocument The Schooj is governed by ils Memorandum and Arbcles ol Assccialion supplefflented as necesw by bye-laws determined by the Board of Governors. The company is a charity limited ty guarantee incorporated on 28th March 1947 and registered as a charity on 4th March 1964. its actsvities being the provisK)n of e(lUca1￿}n lo boys and girls of all ages as well 85 the continued

RYDE SCHOOL REPORT OF THE GOVERNORS (Continued) developxnenl of the School as an e(kJcalional resource of htsjh quality on the Isle of Wight. Its Registered Charity Number is 307409. The Schwl is a company limited by the guaianlee of rts members. 2.2 R•cruitm•ne and Training of Gowno Governors are eleded by Ihe Board for a terrn of four years. which can be exlended a further four years and in the case ol the Chaiman, foi a maximum term of len yea￿. Two Governors may be nominated by Ih8"Old Rydeians Association an¢J one by the Uk)pei Chine Old Girls As5wation. The current Goveming body represents the membership of Ihe company. The Board selects new board members on the basis of their krsonal competence. specialist skills and availability. Governors are inducted by the School's prOfeSs￿nal Cleth and Headmastei and Pfovided with copies of governing tlocumenls, bye-laws and extemal charitable g￿￿elIneS pertinent both to independent schools and charities as well as all the necessary" stalutory and re9ulalory compliance checks. All Governors are encour8geLI lo attend courses run by AGBIS and the Board's own regU￿r in-house training sessions on ￿rtInent matters and policies. The Board appraises its effectiveness every year. 2.3 Organlsational ma￿geMent The Governors detemiine. with the Headmaster. the general strategy. aims and ethos of the School. The day-to- ay mana9emenl ol the SCI￿ is $ye￿gated to the Headmaster. Deputy Heads an(1 Head of the Junior School together wilh the Bursar. The 808rd oper8tes through main committees. There is a Finance and General Purposes Committee. chai¥ed by Mrs Haig-Thomas which apwoves and monitors budgets, rev￿5 the annual au%Jited accounts and the School's tangible asset resource The Education Commtttee. chaired by Mrs Bland reviews educational and pastoral issues in wnjuncbon wrlh senior leaching stsff. Both committees meet each term pnor lo the lull Board. The Board is also aJ¥ised by a Remuneration Committee. chared by Mr Ciawford. wh￿￿ determines senior salaries The Governors and Senior Management Team have strategie "away days" on mapr issues lo supp￿Ment heduled Board meeliNJs The Board has a Governance Commiiiee. chaired by Dr Legg. whKh determines the skims the Board needs lo fvnclion effectively and advises il on sutxession planning Mr Weeks represents the Govemors on the Health and Safely Committee and Mrs Jacobs Is ihe Governor for ChJ ProleclK)n. The Board meets every term and other occasrons as required.. the Education Committee meets three times a year., the Finance and General Purposes Committee meets tirnes a year,. the Strategy Group meets as necessary and the RemuneratN)n Committee meets twi￿ a year. The Remunerathin Comrnrttee in conjtjnction wrth Ihe Headmaster considers Ihe appropriate level ol pay lor the senior rnanagement team. It also recommends to the Board the Headmaster and Bursarfs remuneralion. In recommending and assessing these leve15 of remuneration the Remunerabon Committee uses national statisties as benchmarks. There are no spe￿fiC related partEs except for the parent body. wth whom the School consults on a we9ular basis. 11 is cognisanr with both AGBIS and HMC eommunuttons used to ￿ToM7, educate and imp¥ove governance. 3. Strategic Report 3.1 Strat¢glc Obie¢tives To deliver rts stated Charitable aims aThJ objectives. the &hcÉJl is committed to deliverin9 an excellent all-round education. By maintaining h￿h standards of academ￿ perfOrn￿r￿e. pastoral ore and ril￿enship and ensuring pupils, abililies are develcped io their lull potentk41. The Governors. in fulfilling Iheif Charitab￿ obligations. are mindful of the need for the School to be accessible to the k￿al community by offering a broad curr￿UluM lthile increasing bursarial support.

RYDE SCHOOL REPORT OF THE GOVERNORS Icontinuedl 3.2 Benofts to the Community The School 8ims lo provide i￿neffit lo ils community in three ways. Firsl. Ihe School provides financial assistance to families who would not OlheTWi8e be abÈ lo afford the school fees. The ￿Ve1 of this support varies frovn a rel3lively small amovnl. 100/0 or 200A of the fees. to a 100% bursary in limited circLtmstances Support is offered mosNy lo pupi15 who live on the Isle of Wight, but some pupils benefit from a boarding bursary and the School works wth the local authorrty and national chanlies to enab￿ boardir#J for some vulnerable children who can so benefit. Whilsl arourKJ a third of our boarders come trom the UK, the majority are overseas students and the School benefits considerably from Ihe cultural diversity and different world view that they bnng lo the School and in¢Jeed to the Island community. Secondly. the School aims to support the local wmmunily through for9ing educat¢onal links with state schwls and by sharing fa¢ililies. Thirdly. U)e School aims 10 5UPPOrt local and overseas charities either by offwir¥J the use of facilit￿$ or i11r￿tty by fund raising. Headling ligures for the year to 31 August 2020 Arnount ol money raised toc UK Charit￿$.. £10.500 Contribution lo UK GDP £13.4 millKJn Cor¢iribution to the Isle of Wighl economy.. £6.9 million Total amount ol UK tax supported by Ryde School's activities." £4.4 million Total savings for UK lax payer as a result of piJpi15 attending who would otherwtse attend stste sch¢Jols'. £4.2 million Total number of UK jobs SUPFthed by the schc¥)I's activity." 211 Number of pupils receiving means tested bursanal assistsnce". 57 Amount of money spent on buisarial supwrt lo pupils last year". £515.000 Number of hours that community groups used our faulilies." over 3,000 Total number ol voluntary hours that students pul back Into the community through voluntary activity such as Duke of Edinburgh - over 3,000 Bursoyles, Scholarships The Schcd advertises Scholarships and"Bursaries in ils pfomotN)nal literature (Currenl Informalionl, ils website and in the local press. ExaminatkMs and interwews lor Scholarships and Bursaries tske place in November and February. Places are available for entry into Years 5. 7. 9 and 12. The CTlteria lo receive a scholarship are significant achievement and potenlral eilher acadernically or in one or rrKJre of several extra-curricular areas. Scholarships can be academic, 5POrt, music. sailing or general (allowing for suc£ess in, lor example. Drama, DT or Artl and those in receipt of one are expected to benefii fr¢)m an education al Ryde School. generally bul a150 in nurturing their particular ta￿nt, and make a Fosilive eontiibutK)n lo sch￿1 life. The School has the same expectations ol ils lee paying pupils. Those bn receipt of a scholarsh'p ￿11 aulomat￿a1IY get support lo develop Ihe area ot skill ot the award for example, music scholars are supported with complimeniary individual tuition. In addition. all Ihose awarded scholarships become elgible for fee assistance. The ￿Ve1 of fee assistance Is determined after an assessment ol parents, lor guardtans'l ability lo pay the fees". assistance can be as high as 100% and occasionally grants are maoe lo assist with school trips or unifomi. A5SiSted Places ale offereij to some boarders. who a￿ also assessed as lo the level of support (hat is ￿qU￿e￿. Usually, one Of two pu￿1$ a year are nominated Ihrou9h the Headmasler5' and Headmistresses, Conference {HMCI Easlem European Scholais Piogramme, which carries out its own assessment ol pa￿ntaI means. &Jme Eastem European Scholars ￿ceNe a 100% bursary, others are able to pay atrx)ut a third of the fees. The total value of means tested bursaries amounts to £515k or abotsl 6_2% 01 gross fee income. Approximately 12°% ol pupils receive such support. Funding for bursaries ￿rneS from th￿e $our￿s. The School uses the rentsl Income it receives Irom the ￿ttIng of the BembiKJge Boarding Campus, investment income Irom the Educational Development Fund Ilhese two sources funded approximately 73% of means lesled bursariesl.. the remainder coming from the suiplus derNed from fee incorne. It is a long lemi stralegK aim ol the School to increase further the size af its Educat￿nal Development Fund in order to provide further means tested bursanal assistance. The School continues to as&st sorre pupils already in aitendance. when parental ￿rcuMstanceS change. Such help is given after means lesting.. il ts the Schocd's wish lo see such pupils complete the appropriate stage of thei edu¢alion This has l)een ol part￿UL9r Importance this year in supporting families affected by the COVID_19 pandemic.

RYDE SCHOOL REPORT OF THE GOVERNORS (Continued) In budgebng for its awards the School attempts to sirike a balance between the uge ol Its rental and Investment income. and lee income. recognising that many pa￿ntS have already made significani sacrifices lo fund the educarion of their own children Indeed, maintaining fees at a ￿latsvelY low figure by independent school slandartls allows greater access by a wider range of local families than Is sometimes the case elsewhere and Is a conscious consideration ol schwl management and govemors. To fostei bU￿rial SUPPOTI further the Governors have established a ￿$In¢led furKI -"Ryde Bursary Fund. lo which pa￿nIS and staff donate. In additson, in order lo as￿$1 further children whose pa￿nts might not otherwise be able lo afford to choose it, the School fosters ils lalionship with olher grant makrng bods and partiupales in the Govemmenl's Nursery Voucher Scheme. The School has offered part￿ulaT assistance lo children who would benefit from boarding due to their personal or family circumstsnces and has worked with the local authority and nalional charities to identify and pe Iwked after children or those who would othe￿ise not be able lo access a boarding school educatKIn. Puplls, voluntary work Pupils and stall ale en¢oura9ed lo folbw the School's molto of Ul Prosim and live a life ol Se￿ICe. Many are involved Llirectly and IniJiiecYy in fundraising. aelive communrty service and ILKal en9a9emenl The School has recently Joiried the R(￿n￿ Square Organisat￿n which expects of and provitles opportunities for. ils member schools engagement with voluntary aclivity. There are active groups such as the ""Gween People. in the Senior School and ecology groups in the Junior School who engage In environmental action The majority ol our pupils in Year 10 ￿ke part in the Bronze Duke of Edinburgh Award - Last year 70 pupils did al least 12 h￿15 of voluntary work each. That is around 840 I￿r$ volunteering in the community. Many ol our pupils continue doing Silver Ouke of Edinburgh Awartj in Year 11. Last year 35 pJpils did al least 24 hours of voluntary work each. That is in excess of 840 houis of voluntary work in loial. Last year 25 puwls did Gold Duke ol Edinburgh Award across the Sixth Form. This induded al kasl 55 hours of voluntary work eth. meaning al least 1.375 hours in lotal of voluntary woik. Ryde Schools aspiring medics regularty carry out volunlary medical work In the lttal ¢ommunrty. This year three Pupi￿ volunleered at Sl Ma￿S Hospiial dunng the COVID-19 pandemic in the Springlsummer ol 2020, whilst other pupils regvlarty volunteered al the Alzheimer's Cafe. Boarders al the school also take part in regular beach deans. picking up plastic and other litter. Year 7 and 8 larly Carry out voltjntary work in Ihe communrty such as working with Aspire, a local community Centre, on environmentsl iniliatives U)ough last year thhs was Gurtailed by COVID-19 pandemic ￿$tr￿tionS. One ol Ryde's Sixth Form pupiL8 has been a member of the Mental Health Taskforce wrthin the Island Youth Trust. She helpeil wnle the Island Mental Health Charter. Ryde School staff then helped with the iedrafting of the document and we are signed up lo il as a schc Other examples of voluntary wowk done by SenKr Sch¢)ol pupils have included pr(￿U¢Ing art work ￿th local hospice palients. and Sixth Form pupils tutoring younger pupifs Irom I￿1 stale schools. In the Junior School our pupils are encouraged to engage wifh voluntary work and fecent hnks have been made with Q4Jarr Abbey where pupils have helped lo restore the path and assisting with harvesting apples. The Junior School also suppJrt5 the Roiary Club shoebox appeal sending gifts and esseniials to countries such as Moldova and Bosnia. As this colleth'on was cancelled. we filled over 40 huge boxes with toys. clolhes. toilelries and feslsve food lor AS￿re and Pan Together as well as providM)9 gifts lor a refugee family from Somalia who have teen fostered by the I￿e of Wight community. The School has close links with a rural school in Nako. Ghana and a group ol pupils travel there on a biennial basis to carry out voluntary work. teaching lessons and helping to renovate the gle A Inp went Gharna in OcVNov 2019 and another 1$ being planned for 2021.The Schod additsonally carries ￿J1 regular fvndiaising in support of Nako Schi)ol.

RYOE SCHOOL REPORT OF THE GOVERNORS Icontinuedl Tho Arts The School's rnusr ensembles give fveely of th￿r to play al local venues, though COVID-19 pandemic ieslrictions put much of Ihis on hold after Easter 2020. The swng band has playe(1 In church concerts as well as other Island venues and ojr scholars regularty perform al lo¢al venues such as Aspi￿, Monklon Arts Cafe and Quay Arts. Fiveways and Junior School Music group5 play at local care homes foc the elderty at Chr151mas time and Ihe Fiveways carol singers sing at the Alzheimer Society Cafè In All Saints, Church hall al Christmas Iwne. The bcal community is Invited lo school events such as carol services, and school muS￿al and drama oductions. 'Siny Up Day, is an annual event which brings primary schools from across Ihe Island lo the School's Sports Hall for an afternoon ol singing and lun. Hundred5 of children benefil from the School's musical expertise and School staff have regularly visited some Df these schools in their spare lime io prepare them for the event wlh extra singing lessons Sadly the event Ilself was Ca￿elled last year due lo the COVID-19 pandemic but pupils still benefited from much ol the Preparation. The School regularfy hosts the Isle of Woht Literary Festival sch¢)ols' programme tn October each year and supports the event financially Chiklren's authors talk about their woth with Children from local Island primary and senior sCho￿S Lrsing Ryde's faoh'b"es. A number ol community art1st￿ gioups use the School's facilities on a regular basis". a ukulele gTOUP, local ballroom dance grotjp and DDMIX are among those who make regular use of the ￿h0o1.$ facilities, whilst the Isle of Wi9ht Symphony Orchestra use Ihe school's facilities and equipmenl to rehearse in the run up lo concerts. Thi5 activity was pul on hol(J due to COVIO-19 pandemic restr￿tIonS bul will ￿$￿￿e il Is safe lo do so. The school's rnuS￿ ensembles are open to talented pupils Irom local state scfKX)Is and members of Ryde Schc<>l's MUS￿ department are heavily involved in promotry MUS￿ on the Island, I￿lUding contributing to Ihe low symphony orchestra and Harp FeslTval. The sclwjls. art departmertl have supported a number of lttal exhits"tions recently produced their own exhibilion foi the publie to enjoy al the Monklon Arts Café. Sclence, T8¢hnology, Enginewing and Alathemati¢$ fsTEAI-J In fecenl years the School has workeo in partnership wilh a I￿1 Academy which has been unable lo provi(Je A- levels in certain STEM subjects. We have given these students access lo our A-level science and maths lessons al no cost and Ihey have benefited greally Irom many houcs of lessons and the subie¢l expertise ol our teachers. Ryde School staff also delivered pfe-exam revision sessions to pupils from the same school and In addibon we have helped with the professional development ol their maths leachers by providing opportunities to spend time wth our teachers and in our less￿$. The School has been involved in trying to devebp teathing ol STEM subjects on Ihelsland.. the Head of Physics 1$ working with a national charity lo support physics teaching with other isLand state schcols_ The Junior School hosts an annual all-IsLand maths challenge for children in Years 4 and 5. Each year 8 ehildfen frcffi around 20 primary sch￿￿ attend the evenL 160 pupils in total. The School runs an annual Oesign Technobgy club wh￿h supports the Isle ol Wight Club for Deaf Children. Tfansport a5515tance is also given lo Ryde Academy students so that they can attend the Engineering EducatKJn Seheme evenis on the mainland. The School also runs a rncck 0xbn.dge inlervw evening each year which benefits a number of the rrlost able STEM PLtpils on the Island. The School's Des￿￿ Technology department Is also carrying Out ongoing work wlh Ryde Council lo develop local community projecls.

RYDE SCHOOL REPORT OF THE GOVERNORS Icontinuedl 01￿1 Academk In addition lo STEM and 'the arts,. the SC￿)01 runs a nymbec of other academic initiatives which benefil the wider communrty. We recently wekomed a pupil to study A-Level Theatre Studies again dve lo difficulties with local provision. There is an annual lsland-wjde 9eography quo lor pupils in Year 9-10 although this had lo posiponed in 2020 due lo the COVID-19 pandemic The ￿h0o1 ran a Model United NatNJF15 event for island stale schools. The School now has an estsblished mCKk-OXbr￿e interview weparalion evening. with over 20 pupils attending this year. Pupils from all over the Island are invFled and many have gone on lo gain places al Oxbridoe. The School holds or hosts a Wure every year and offers free ticket5 lo Iccal primary andl or secondary schools lo Join. Last year we h05ted the IOW Hisloncal Society Lecture 'Elizabeth' by Dr David Starkey and secured c.1 OD free seals from the society for pupils across the Island. Similarfy we invite local primary schools to a free matinee of big Junior School pfoducth)ns. the lasl bth.ng Oliver! The JunK)r Sch(K)l and Fiveways run several Expbration and Discovery sessions on Saturday mornings in areas such as science. ouldthjf learning and drama. These are free of charge and bring junior school a9e chilt1ren together Irom across the Island. particularfy helping those who are home-schcded. The weekly Five Ways Playgroup also allows lamilies lo access use ol the Nursery facilities as well as tea and coffee and story & music lime wikh a membef ol the FNeways learn. These 5essKmS were suspended from Easter due lo COVID-19 pandemic restrictions. The weekly Fiveways playgroup ' Chitter Chatterf also ￿lOwS families lo access use of the Nursery lacilities as well as lea anij coffee anLI story & must lime wilh a member of the Fiveways team. These se5si0ns were suspended from Easlef due to the COVIO-19 pandemr and are now Funning on line weekly instead. Sports Many of the School's sports specialists work the v￿der communtty. The Head of Rugby coaches regularly al London Irish, the Head of Cricket waches with England South-west (Bunlxjry) group and ￿ad$ coachin9 on the Isle of Wighl. whilst a fLJrther PE teacher assists with Coaching Island cricket. The Schwl's Second Master also refereed Hampshi￿ duo Ngby malches. The Schwl runs a number ol community sports init*atives using their facilitie5. Recently these have included 'Rugby Ready. afternoons and loolball tournaments for local primary sth0015. The School rowing club combines pupils Iiom other local schools with our pupils and allows them io access our lacililies and coaches as well as taking part in events a5 a combined crew. The Head MasteT is a trustee of the Isle ofwyht Sports Foundation. A number of community Island sports clubs have regularly used the School's facilities in the past 3¢ademic year, these include Shorwell netball dub, 151and H(tkey Club. Ryde Saints football club. Isle ot Wtght cricket club. Ryde Cavaliers Crickel club, Football Mondial. Ve¢lis Nornads. Ryde Badminton club, Nick Percy a GB di%us thrower, Ryde LTC. and Oakfield YcHJth F¢)olball dub. Hampshire RFU M￿ts"n9$ are held at the School and lacilibe5 are used for coachin9 COU¥5es. Our Sports SchoLgrships enable tslente(J Island alhjetes to ar￿$5 educalN)n al the School whalever their financial circumstances and to develop their talents further. This has ￿en instrumental in helping some ol the Island's most talented athletes to develop both a￿lem￿allY and in their swrt. The Head Master is a trustee ol Isle of Wohl S￿rtS trust arK1 patron of Ihe Isle of Wight Musi¢, Speech, Drama and Dance Feslival. The Isle ofwighl cr￿e1 8oafL1 panrEred up with the sc1K￿l a few years ago. In this S￿Irt peri￿￿ of lime Cricket on the Island has seen a substantial Increase in the number ol young cricketers (boys and girls) playing OD and for ihe Isle ol Wight County Age groups. The School is used as their training base with aecess to a Merfin and 2X Bola bowling machines in the 4 nel lanes the Sports Hall along wth the Gym for Ihe strength and conditioning training. Cricket acbvily, whilst disrupied by the COVID-19 pande1n￿, was slrll able to take place for much ol the summer on the school's gfounds.

RYOE SCHOOL REPORT OF THE GOVERNORS ICont•nuedl Olhw fa¢ilitle$ Aside from Ihe SFQrts and arts uses Klentified above. the laolities at the School have been vsed la51 yeaf by some members of the Island's Hindu Community. Isle of Wight History So¢iety. Blood Donors and Strike Auditions. The School pays directly for Ihellght. wh￿h illuminates the North ol All Saints. church. The schools usually lends ils lacililie5 to IOW Pride Parade and The Mard4 Gras though these events were cancelled in 2020 due lo the COVID- 19 pandemic. Ryde School runs a Summer School whih provides opportunrts for local children during the holidays to participate in a witle range ot aclwilies, also enhancing cvliural experEn¢es as they attend alongsmle overseas residential Summer School students A nufflber of Ryde School pupils volunleered their time at the Summer School to run activities in drama. ¥￿rtS and STEM. COV1£￿19 pandemie response The school offered help io the Ictsl community in resI￿se lo the COVID-19 pandemic. Our Design Technology departmenl made over 300 visors whbch We￿ used in eare homes, local shops and schools and relevant equipment was passed lo the NHS Irom the science department. Plans were developed for the School to offer accommodation loi key worker stsff who werè non-rÈsKJenl during the lirst Woown and the School Temains ady lo act as a local testing andlor vaccinat￿n centre shoukj this be ne￿$Sary. Faulilies were offered where possible lo clubs unable lo access usual spaces- for example a Ictal gym was ab￿ to exerGise outdoors onsite. A summer School was run through JLtly and Augusl Ihat provKled bglh educatKJnal and play opportuni14es foi local children. Children of key workers from other schools joined pupils al Ryde and the School has remained open through all three lod(downs lo chiklren of key workers. Private exam candidales were able to be assessed via the School. Slafl also assisted with local deliveries during the Iirst lockdown. Junior School pupils wrote cards to res￿entS of care homes who We￿ isolated whilst many pupils engaged on a personal basis with fundiaising and local care initiatives. h•rstaff voluntwing Ryle School wovides teacher training placements through Southampion University and Christ the King School. This has seen a nijmber ol Irainees placed al the school each year and most of these return lo the state sector a5 newly qualifie(1 teachers. Head ol SenK)r Schrx)l and Exlernal Relations Secretary a￿ ¢urrenlly govemors of local primary 5th001s." Our Head ol Markehng is on Ihe Royal Ocean Club committee and is a Cowes Harbour Commissioner ané our Head of Pastoral care is the v￿e-chaIr of the Isle of Wight Children's Saleguarding Educab'on sub-group which meets half.lermly to d15cuss action plans. audits and strategies. The Head Master is a governor at mainland schcK)Is, and a history teacher volunleers al Ihe Island's CCF and is a govemor at a lurther mainland school. Charitable fund-rnising The schwl raises a large amount of money each year for UK charities. Last year this Ioialled £10,543 The main recipients of this were the sch¢(ls nominated charities.. Aspi￿ Ryde. BeaulieLt House, Foodbank, Ghanalink, Isle of Wight Mounlballen, IOW Youth Trvsl. Macmillan Cancer, Teer)age Cancer Trust, Daisy Chains IW, Wave 105 Fundraising, Layla's Twsl, Clic Sargent. British Red Cross and Plast￿ Oceans UK. In addition lo money rai8ed formally through school fundraising, a number of our pupils have carried out their own fundraising inilialives which have been Sup￿)rted by the school. This has Included a cyclist raising over £1,000 for the NHS'S COVID-19 pande￿￿ iesw)nse and a group of pupils Garrying out their own 'Wak Ihe Vvighl, in aid of the hospice, raising over £3.500.

R YOE SCHOOL REPORT OF THE GOVERNORS (Continued 3.3 Performance and Delivery of Chantable Objectives School Numbers Al the start of the academic year 2019QO, Ihe School had 734 puw15, 515 in the Senior School. 129 in the Junior School. 90 In Fiveways. These numbers indude 47 boarders. Academic and Educational Experleneé Examination resulls were awarded differenlly this year Ihrough a combination of School Assessed Grades IGCSE and A Level). Continuous a$5essmenl leading lo School Assessed G¥ades {BTEC, Arts Award. Crest) and extrapolation ol resulls from p￿dIcted grades and coursework IIBI and the Schwl look pains lo ensure results were awarded in a fail and transparent manner. Thorough tracking and assessment up lo the poinl of School clostsres in March 2020 meant managers were confident in awarding ihe g¥ades pupils were headed towards and the Iherelore robust results were excellerFt In nearty all areas wtth a numtsi of outstanding individual Ferlormances. At GCSE. the percentage of 918 grades was 31% wth 52% 01 all grades al 7 or above compared lo g natH)nal fMJure of 27.6%. In English Lan9uage more than hall the glades were at 7 or above agaln 158.4% compared lo 23% nationally) and in Malhs 57.3Yts compared to 24% natKJnally English and Malhs had 1941 pass rates of 1000k anij 98.9010 respectively Inational figures 80% and 77¥..) Results also showed a breadth of outcomes, wrth 64Y. gelting the EBacc. Three pupils got all A'1819 and 22 achieved 8 oc 9 in more than live subjects. At Post 16 the combined A Level and IB resulis produced an average UCAS points per pupil score ol 157 and In the IBDP our average points pei pupil was 38. the hghesl the School ha5 ever achieved, wilh our top perfoming IB students. both local students, 9aining 44 and 43 out ol a mayimum 45, a TaTe achievement. Al A Level our O/• A-IA was 47% cunpared to 26.kn la51 year a p￿aSIng improvement after signilicanl foGUS on improvement Ihts year. Oui A-IB rate was 71.54% compared lo 52.42% last year. All pupils again pa55ed the 18CP and their BTECs, the vast majority al dis1incb.on level. Despite the challenges of the year, progre55ion lo university of choice was highei than usual and il was also a pleasu￿ to note one sludeni securing a p18ce al Sandhurst and Iwo moving to degree apprenticeships wih L'oreal and BAE. In the Junior School and Years 7 & 8 value added is measured using resutts from annual assessments GL Assessment In English. Maihematics and bkgnnth?I lests in Cognilive Ability. In both subjects. iesults are above national expectsbons and attainment relatNe to ability is also positive. The School was inspected by ISI in j3nL￿ry 2018. This complkHnce insFeclion found the Sthool lo be compliant in all areas. The report is published in full on the School web￿te. In Septembef 2020 the Schod was c(x)firmed as a Round squa￿ schLx)l aftef spending rhe previous year as a candidate school. This has enabled our pupils lo embrace the key princi￿e$ ol inlernalionalism. democracy. environmentslism. leadership and Se￿￿e. Pupils from across the full age range in the senior schwl have taken part in various Round Square ￿ti￿l￿s. even Sin￿ the COVID-19 pandemic. when conferences and discussion forums moved online. A numter ol initiatives within the sch(y)I now link into its Round Square values in particular environmental campaigns around Ihe school srte. Development During the year. the conversion ol Milllield Boarding House was completed and opened in Januafy 2020 to very favourable leedback and a new nelballllennis court was completed alongside a new hKJh jump a￿a. Conslruclion commenced on the new boarding house in Novemter 2019 is on track lo be completed and open in March 2021. These a￿ strategic devebpments providir¥J modem best in class boarding facilitses located on the Ryde sile ancs will greatly enhance the attracbon of the School's boardir@ offer and so create a sustainablè future based on diverse markets. The Schrx)I has formed a subsKliary company. Ry¢Je School Construction Limiied, Company Number 10513227. The Company's Principal acl]"vrty is to undetske the new boaTding house develo[￿nI on behalf ol the School. The Finan￿ and Genecal Pviposes Committee provide oversighl of this subsidiary. The subsidiary has nol.been ¢onsolidaleO on the grountjs of materiality.

RYOE SCHOOL REPORT OF THE GOVERNORS IcoTrtinuedl Sport and ExtraThJ, Latin club. STEM. Summer musical. Young Enterprise, debating. public speaking. coding. and bridge For oijr MuS￿3n5 there is a bras5 group, junK)r orchestia. cantabile choir. concert orche51ia. chambec orchestra. flute group, string quartei. perCuss￿D group, a swng band and our sports include olhletics, roufiders. badminlon, wgby. crid(el. squash. hockey. stt¢ei. netball, tennis, rowing and sailing. In Ihe Junior Schtsol and Fiveways. a broad range of actNilies and clubs Is offefeil too. In Fiveways some ol the clubs on offer Included carnival club. quivering quavers. short tennis, cricket. bal￿t. Christmas club, Easter club, tongue ￿lsterS and tap dancing. Fiveways also offered a gardening ¢Jub and then entered The Ryde in Bloom COM￿li1￿n where they were highly commended. In the Junior School clubs ale viewed as an imp￿tant part ol the life of the Schod. Clubs included ferKing, chess. Lower Schtx)l Orchestra. squash, squad swimming, Chamber Choir. yoga. rKJing, tennis. drama. cooking. running. diumrning. mixed hockey, intera¢live fiction, cheerleading, Salamanea E-Twnning Pioject, Debating. Mulli-sports, Engin￿rIng. Digital art, Language5 Club. Stomp. Paddle boarding. Green Club. 3D Art. Camival costumes. Game coding. art, athletics, board games. brownies, choir, computer. craft, cricket. foolball. French. golf, hockey. keyboard. h"brary. malhematics, rnovie, netball, orchestra. philosophy. pottery. recorders. rookie lifeguaids. iounders, rugby. sailing and scier>ce. Al parts ol the School also support ch￿dren'S educatson by organising a broad range of educational visits and e¥cur5ions. These range from visits and expkyation on the Isle of WKJht for Ihe younger children, lo residential trips In the UK and abroad for jUn￿r scho￿ and Senior Schcol chiklren. Full accounts of Ihe year's activities may be found on the Sch¢)ol web5ile.' www.rydeschool.org.uk. Available for the inteiested reader are the reports of the Headmaster, covering the Senioc School. and the report ol the Head ol the Junior School whi¢h iellecl$ the aclivilies of the Junior School and FNeways. Some of these activiiies have been curtaled during Ihe COWD-19 pandemic but most have managed lo continue to operate in some loim usually due lo the enlhijsiasm and creattvity of the pupils and stsll involved. 3.4 Links wlth paronts The School provides gooLS links with parents.. they are welcome io attend m8ny Sch¢X)l events.. there are frequent paren15 evenings and regulaT reports. further contact Is provided through Parents Liaison Forums which meet lemly and hold c)ne open meeting per year. The School recently launched the Ryde Conne¢ts'on lo maintain links with and amongst current and former Iriends and pupls from Ryde, Upper Chine and Bernbridge sch(K>ls. The SchcK>I has a pa￿ntaI portal giving parents direct acce55 10 inlomalvjn aboul their child and there is a private section on the website. Parents gel a handbLX)k annually and a lemly calendar with key dales and contacts and can contscl staff directly via phone or email. The School has also inlrocluce¢J pa￿nI seminars lo w￿k with parents on key issue5 where home and school cooperation matters. Seminars have included sessions on ievision. coaching, body image and social media A weekly Tre￿etter is published lo keep parents abrea51 of the main activities taking place in Ihe school. The Schwl has now started an annual survey for parents. staff and pupils to assess progress and Klentify S￿3$ for development Two surveys were held during lockdown lo determine the quality ol delivery and these revealed very high levels of satisfaction compared to nab.onal data. During bckdown the Sch(K>l moved quickly lo new fwms of communicatK)n wrth parents The Head Master and key stall hosle regular on-line lorLKns. weekly 'boredom busier, tips were sent home. parents evenings moved on-line anLI the Head ol the Junior School ran parent qurues and s￿[al events. The Head of Fiveways spoke lo every parent individuamy lo dtscuss their chik1's w)gress atK1 needs_ 12

RYDE SCHOOL REPORT OF THE GOVERNORS Icontinuedl The School has a ¢￿ar complaints p)hcy with the opportunity for concems and compL4inis to dealt wth lomally and informally. In 2019120 no formal level 3 complaints were received. 3.5 Financial Review and Results for the Yaar The COVID-19 pandemic had a significant impact on the School's financol performance in the year resulting in an overall deficit for the year of £598k12019'. surplus £305kl. The overall delicit before decrease in investments was £224k12018.' surplus £399k before an in¢￿aSe in Investsnentl. The School is anlicipaling a retum to 3n opewaling Surplus for the 2020121 hnancial year and beyond and based on these loiecasls and the ability lo call upon funds held within the EDF fund, Governors believe the SchLYJl will ￿ able lo Continue lo operate within ils existsng facilitie5 lor the foreseeable fvlure Fee incrgases are ijictated by the School's budget. wh￿h is infiuenced by increases in leachtng salaries and inflation as well ès wider influenGes such as the COWD-19 pandemic. The School educational surplus includes £149k from the EDF fund towards its bursarial awards. this contribulion is equivalent lo 1.6% 01 lees Notwithstanding the COVID-19 pandemic. the buildiThJ of Ihe new onsite boarding ￿)￿Se continued and is scheduled lor completson in Spring 2021. In order to part fin2nce the conslruction, during the year the School entered into a new E4.Sm banking factlrty with HSBC of which £1.3m was drawn al Ihe year end The lolal remaining conliacled build cosi of the boardin9 house as at the year end was £3.7m. 3.8 Inve$iment Performance and Policy The School had Un￿alISed k)sses of £330k 12019". loss of £88kl frcmn the ￿valuat￿}n of investments. C8zenove, Ihe School's investment managers opefale a mulli-ass&t unit trust charitable fund for its charilabfe clients. The School continues lo maintain its ￿ul￿)US in¥estmenl policy. The Governors, investment objectrve is lo oplimise growth so Ihat income from the funl in the luture can fully fund its bvrsaiy awards. The Finance and General Purposes Committee review5 inveslrnenl perlorrnance in depth annually. 3.7 Reserves and Resource The Schcol has operated a strateg￿ Financial Plan for several years enatAing a forecast of both surplus and cash to be made over the I0￿seeable future. This ccmnbined with ils review of risk5 and its published Development Plan enables the Governors to operate within Ihe School's bankin9 facililies and to provide lor ongoin9 development. The SCho￿.s unieslricled reserves stand at £15.8m12019". £16.4ml. The Governorf5 considei thai the School should retain approxirnalely 6 months. expenditure in free reseryes. The charity's free ¥eserves represent total unrestricted reserves adjusted for tangible fixed asseis, current asseis. current liabilities and bank bans and amounts to £1.8m. This is prinapally held within the EduCat￿nal Development Fund of £3.9m. The unrestncted lunds a￿ splrt lo refle¢t the G¢￿emor$. ￿rrent policy and distinguish be￿een those held lor contingency and the day lo day running ol the School. The assets ol Ihe School are adequate for its Current oblMJalh?ns and a￿ wincipally rep￿sented by the School's inveslmenl In ils tangits￿ ftxed assets and fixed asset investments. 3.8 Risk Alanagement The Boaffl ol Governors 15 ullimaldy responsible for the management of risks f&ed by the School. The principal risk the School faces is the retention and recruitment of pupils. wh•ch il takes a vaiiely of targeted measu￿5 lo mitigate. The oper3tK)nal risks are monitored by Ihe Board but assessed by the Headmaster. Bu￿r and the Senior Managemenl Team. The results of the risk management procedures operated by the School Executive are regularly reported to the Board. In addibon. the 8oard carries out an annual overyiew of risk assessment and reviews child p¥oteciKJn polJC￿S and the effecknveness of their ap￿1¢ab"0n. 13

RYDE SCHOOL REPORT OF THE GOVERNORS (Continued) The key controls in place ale". lomal agendas for aN Committee Board meth'ngs" detailed lerms of releience lor Committees, comprehensive development and financial slraiegy.. clear organiSat￿nal slruclLtrre and lines of reporting". formal written pOl￿1e$, formal investment px)licy', clear aulhorisatson and approval level5, vetting pr￿ed￿re5 as requtred by L34w. comprehensive Insuran￿ cover", slalulory child proteCt￿n procedure5. and regvlar apK¥aisal of perfOrm￿te and appropriate training. The School has adopted a recommended nsks assessmenl pr(￿edI￿re to assess and address risks to the charity in which the whole Goveming is a parbcipant annually. The Govemofs. policy is to pul in place measuies lo minin15e the effect of any risks so assessed. The Schwl has an effective Health and Safely Commiltee on which Mr Weeks sils as a designaled Governoi The Committee is thaired by the Bursar a)d ts minutes are reviewed regularly by the Finance and General Purp)ses Commillee and Ihe Boar¢Y 3.9 Future Plans The School's MissKJn Stslemenl and Strategic Objective5 for 2021 and beyond, developed by both the Senior Managemenl Team aftd the Board: encompasses the future plans for the School and can be viewed on the School web51te - ¥*ww.rydeschocrf.org.uk. This is ￿vieWed annually each summer tem). The School is aware that private education ts proving increawngly expensive lor parents and stiive5 lo provide the best possible value combined with eXCel￿nce in education and pastoral ca￿. 3. 10 Fundraising activities The school does not Cur￿ndY engage in any active fundraisw and as such has receNed no complaints in relation lo any fundraising 8et¢vilies ¢)ver the course of the 2019r20 year. 4. Governors Statement of Governors. Rosponsibiliti•s for th• Finan¢ial Stat•ments The Govemors are resp)n&b)e lor preparing the Annual Report and ihe linancial statements in accordance wlh the Companies Act 21M6 and for being salisfied thal the financial slalemenls give a true and fair view The Governors a￿ also iesponsible for weparing the fin￿¢181 slatements in aCcOrdar￿ with Uniled Kingdom AccounbrvJ Standards {United Kingdom Generally Accepted Aecounb"ng PradKe). Company L4w requires Ihe Govemors lo prepare financial statements for each linancial year which give a trije and fair view of the slate of affairs of the charty and of the in￿ming resources and application of resources of the charity for that per￿ In prepaiing Ihese financial statements. the Governors are reqvired to.. selecl suilable accounting policies and apply them consislently.. make judgements and estimates that are reasonable ancl prtsdenl". prepare the financial slalemen15 on the going C￿cern basis unless rt is inappropriate lo presume that the charity will continue to operate. and srate whether applicable accounling standards have tjeen followed. subJect lo any material departures disdosed and explained in the financial stalements. 14

RYOE SCHOOL REPORT OF THE GOVERNORS fcontinuedl The Governors are responsible for keepTrng proper xcounting records that show and explain the ¢harity's transactions. %Jisdose with reasonable accuracy at any tlme the financial position ol the charity and enable them io ensure that the financial sralemeftts compty wilh the Companies Act 2006. They are also responsible for sale9uarding Ihe assets of the charity and hence takin9 reasonable steps fof the preveTrtKM and delecliDn ol fraud and other irTegularrties. 5. Auditor A ¥e8olvbon lo reappohnt BDO LLP be proposed al the Schwfs Annual General Meetlllg. 5.1 Siatem•nt as io Disclosure of Inftwmakn to thè Audllw" So far as the Gowemors are aware. there is no relevant audst InlcmatKJn of whKh the ¢harily's audilor is unaware and each Governor has taken all the steps Ihal he or she oughl (o have taken as a Governor in 10 make himself or herself aware of any relevant audit informatKJn and to eslablish that the charity's auditor 15 aware of that informalion. This ￿port has been wepared m ￿oI￿an￿ with the Stalemenl ol Recommended Prxtio - Accounting and Reporting by Chaiibes and in a¢¢ordance vrith the Companes Act 20ChS. On behalf of the Govem Profes50r C.C. Lees Governor Date. 12 March 2021 15

INDEPENDENT AUOITOR'S REPORT TO THE MEMBERS OF RYDE SCHOOL Oplnion We have audited the financial stafemer71s of Ryde Schocl I'the charrtable company") for the year ended 31 August 2020 which comprise the statement of financial aCtNIt￿$. the baL3nce sheet, the statement of cash flows and the notes to the accounts, including a summary ol significanl accounting policies The financial reporting framework Ihal has been applied In their preparatH)n is applicatile law and Uniled Kingdom A¢counbng Standards, Including Finan¢wl Reporting Standard 102 The Financpl Reporting StaThJard appliCa￿e in the UK and Republic ol Ireland (United Kingdom Generally Accepted Accountsng pract￿>. In our t)pinion. the financial statements." gtve a true and laK v￿W ol Ihe state ol the Charitable Company's allairs as at 31 AIJ9USt 2020 and of ts in¢oming resources and applrcatKJn of resources lor the year Ihen ended." have been prO￿Y prepared in ￿OrdanCe with Unrted Kingdom Generally Accepted ArA)unling Praclice", and have been popar8d in awrdance wrth the requirements of the Companie5 Act 20C6. B•sb$ for opinlon We conducted our audit in acc¢ydance wth Iniernalronal Standards on Aud¢ling IUKI IISAS IUKII and applicable law. Our responsibilities under ihose standards are lurther described in the Audrtor's ￿$p￿n51)il1trts for the audit of the financial staiernent5 section of our report We are independent of the CharIta￿e Company in accordance with the eth￿1 requirements relevant to our aLbdit ol the financial statements in the UK, including (he FRC'S Elhical Standard, and we have fu1li51e(l our other ethul responsibiliiEs In accordan￿ with these requirernents We believe Ihal the audii evidence we have obtained is suff￿lent and appropriate to provide a basis for Olsr opinion. Conclusions ￿lated to golng coftcem We have nothing to rewt in ￿SpeCt of Ihe fofiowing matters r￿at￿n to whth the ISAS {UKI require us lo ieporl to you where". the Governors. use of the wng rJ)ncem ba&s of a¢counbng in the preparai¥)n ol the financial statements is noi appropr￿le.. or the Governors have not disefosed in the financial staments any identjfied maierial un¢ertainties th may casl 5wJnificant doubt about the Chanlable Company's 3ts.lity to ￿￿lInUe lo adopt the going Concern basis ol accounting for a period of at leasi twelve months frcxn the date when the Itnancial statements are auihorised for issue. Other inlormaiion The Other 1ftformal￿n comwises the infoimalion inclLsded in Ihe Annual ReporL other than ihe financial stalemenls and Ouf auditor's report Ihereon The other informalion comprises the Report of the Governors. The G¢vernors are responsible for the other inlormaticm) Our opinion on the finanoal statements dc*s not cover the other infofmab.on and. except to the exient otherwise explicilly stalefj In our report, we do not empfess any form of assurance cDnclusKJn thereon. In ¢oftrwt￿ with our audit ol the [￿ancIal statements. our responsibility is lo read the other information and, in doing so. consider whether the other ￿[Ormall0n 15 materially Inconsistent wilh the financial siatemenis or our knOw￿￿ge obtained In the audit or Olherwi5e appears to be materi?Ily misstaled. 11 we identify such material inconsistencies or app8￿nI malefial misstatements. we are required to determine wheihew there is a material misstatement in the financial sta(emenls or a material misstatement of the other infomiation. If. based on the work we have performed. we conclude thal the￿ is a material misstatement of this other information, we ale required to report that fact. We have nolhing lo ieport Sn this regaid.

INDEPENDENT AuD￿OR.$ REPORT TO THE MEMBERS OF RYOE SCHOOL Icontirtuedl Opinions on other matters prescrlbed by Companies Act 2006 In our opinion. based on Ihe work undertaken in the course of the a￿lit. e informalM)n glven in the Report ol the Governors. which ir￿judeS the Directors, Report and the Sirateg Report prepaied lor the purposes of Company Law. for the financial yeai for which the financial statements are prepared is consistent with Ihe financial statemenls". and the Strategic Report and the Oire¢rors' Report. whth are included in the Report of the Governors, have been prepared in accordance with applicable legal requirements. Mart•rs on whi¢h w• are required to report by except¢on In the light ol the knowledge and understanding of the Charitable Company and ils environment obtained in Ihe course of the audit. we have nor ￿entIfIed material mi55taiement in the Governors, Report. We have r￿lhing lo report in respect of the followng matters in relalion to which the Companies Act 2006 requires us lo report to you if. irTr our opinion. adequale accounting records have nol been kept, or retums adequate lor our audit have noi been receNed from branches nol visited by us., or the ￿'nar￿la1 Statements are not in ag￿err￿1 with the aceountfftg records and retums." or certain th"s¢105ures of Dire¢tors' remuneration specified by law are not made., or we have not received all the inlornation and explanations we require for our audit. Re$ponsibllitb•s of Governors As explained mofe fully in the Sl*ement of Govemors, Responsikn"liI￿ for Ihe Financial Slalemenls. the Governors (who are also the directors of the tharitable company for the purposes of wmpally law) are responsible for Ihe preparat￿￿ ol the financial Statements and for being Satisf￿ that they gNe a true and lair view, and for such Internal control as the Governor5 determines is necessary to enable the P￿parat￿}n ol finanual slalemenls ihat a￿ Icee from maleiial misstaiement. whether to fraud or error. In preparing the financial slalements, the Govemors are ￿sponSib￿ for assessing the Charitable Comp3ny's abifv.ly to continue as a going con¢em. dtrsclosing. as appy￿ble. matter5 related lo going concern and using the 90ing ¢on¢efn basis of accounting unless the Govemors either intend to Ibqumlate the Charilable Company or lo cease operations. or have no reali41￿ altemalive bul to do $0. Audi¢or'$ r•$prJnsibilities for the audit ol the finan¢ial ststements We have been appointed as auditor under the compan￿ Act 2006 and report in accorda￿ wrth the Act anfl relevant regulalions made or having effecl thereunder. Our obJ"ectives are io obtain reasonable assufan¢e about t￿ether the financTral stalements as a whole are free liom material misslatement, whether due to fraud or error, and Io issue an auditor's report that includes our opinion. Reasonable assurance is a h￿h ￿Ve1 ol assurance, bul is not a guarantee that an audit conducted in a¢¢ordan¢e with ISAS IUKI will always detect a material mtsstslement when Il exist5. Misstaiement5 can arise Irom Ifaud or error and are considered material If, individually or in the aggregate. they ¢oLtld reasonably be expected to influence the economic decisions of users taken on Ihe basFs ol these financial slaternenls. A further description of our respon5ibililEs for the audit of the finaicpl statements is k)caled al the Financial Reporting Council's l°FRC'5'1 webstle at htt s.'I1vA￿.frC.OT .uklauiJrtor5res n￿bIli￿"e$. This descript•)n ftjms part of our auditor's report.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RYDE SCHOOL (¢ontlnued Use of our rnport.. This report is made sotely to Ihe Charitable Companls rnembers. as a bcmly, in accordance wth Chapler 3 of Part 16 of the Companies Act 20C6. Our audrt work has been undertaken so that we mghl state to Ihe Charitable Company's members Ihose matters we afft."required tO".5ts1e to them in an auditor's report and for no other purpose. To Ihe fullest extent pemirttetj by W, we do ncl accept or assume responsibility to anyonè other than the Charilable Company and the Clwilable Compan￿S members as a ts￿y. for our audit WOFk. for this report. or for the opinions w8 have formed. David I'Anson {Sen*)F Statutory Audrtorl F¢y and on tseha￿ of BDO LLP. ststutory athyilc ScNJihamplon Dale 15 March ZOZ1 BOO LLP ts a limited.liabAÉty pwth"ership registered in EngL3nd and Wales (￿1b re9islered number OC3051271. .18

RYDE SCHOOL STATEMENT OF FINANCIAL ACTivrriES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST AUGUST 2020 Notès Unrestricted Unrestficted General Oesignated Restricted Fund Funds Funds Totsl 2020 Total 2019 Income from: Donat10ns Charitable acli¥ilYès'. Fees ￿￿1vable Olher edUcat￿n￿l income Other Irading activit￿5 Investmènis 8,307 8,307 8,365 8.318.139 200,596 15 129 3.730 8.318.139 9.374,262 200.596 271,949 15.129 38.051 126,605 176,267 10 122,630 245 Total in¢ome 8.537.594 122.630 8,552 8.668.776 9,868,894 Expenditure on: Raising funds Charitable activities Gross ol furlough 9.289 9,289 8.473 8.883.720 9.461,689 388,318 8.868.046 388.318 15.674 Total expeThdi￿re 9.256.364 9.289 15,674 9,281.327 9,470,162 Nel lexpendilurel bel¢ye gains on investments 1718.770) 113.341 {7.1221 1612,5511 398.732 Olher ineome 388.318 388,318 Nel Ilossesl on invesbnents and sale ol assets (43,8321 (330. 1731 1374.0051 193.7571 Net lexpgnditurg 1374.2841 1216,832) 17.122} 1598,2381 304.975 Transfer5 between lunds 15 149.000 {149,0￿> Not movement in funds for the year 1225.2841 (365.8321 17.1221 1598,2381 304,975 Reconclllatlon of funds". Total funds brought forward 12.131.712 4.258.167 98,594 16,488.473 16,183.498 Total funds carried fop*ard 11,9[￿,428 3.892.335 91.472 15,890,235 16.488,473 l ol the ch￿ty.$ ath'vities in the atM)ve Nvo financial years are derived from continuing operations. All gains and losses rec(yJnisef1 in the yeai are induded atrKJve. The note5 on pages 22 to 35 form.part of Ihese aC￿nIS 19

RYDE SCHOOL BALANCE SHEET AT 31ST AUGUST 2020 Notes 2020 2019 Fixed Assets Tangible fixed assets Investments 17.484.634 2,784.746 15,643,759 3,866,444 10 20.269.380 19,510,203 Current Assets Siock Oeblor$ Cash al bank and in hand 10.122 315.634 1,249.191 11,165 176.868 1.508.048 11 1.574.947 1.696,081 Liabilitiès Credilofs lallTrng due within one year 12 {2.420.3901 12,216,856 Net Current Liabililie5 1845.4431 1520,7751 Total Assels le$8 Current Liabilities Creditors falling due alter one year 19.423.937 18.989.428 13 13.533.702) 12,500,955> NET ASSETS 15.890.235 16.488.473 The lunds ol ¢h• charity Unm6tri¢ted In¢om• Fund$ Desynated EduCat￿n01 Development FurKI General funds 3.892.335 11.9￿.428 4.258.167 12,131.712 Total Unrestrlct•d Funds 15 15.798.763 16,389.879 Restrlcted Incomo Fund$ 15 91,472 98.594 TOTAL FUNDS 15.890.235 16,488,473 The linancral statements we approved by the Board of Govemors and authorised for issue on Professor C.C. Lees Governor Date. 12 March 2021 Company Number". 432077 The noles on pages 22 to 35 fomi part of these accounts 20

RYDE SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDEO 31ST AUGUST 2020 Notes 2020 2019 Net cash inflow from operating a¢tNiIi68 20 778,984 874, 128 Cash flows Irom investing activities Dividends, interesl and rents fttyn investments 1126.605) 176,267 Purchase ol tangible fixed assels Purchase ol investments Pioceeds from sale of fixed assets Cash realis￿ from sales of inve51ments 12,521.2061 {1,250.0001 I40.6￿) 2.001.524 1882.2861 139.0451 344, Net cash used in Investlng activlties 11,936.9831 1400,9681 Cash Ilows from financing activitits Repayment of borrowing Repayment ol mortg3ge New t￿r1D￿ng5 {278,4291 1106.8*1 1.284,466 12%,5901 Net cash provided byllused inl financing activities 899,141 1296,5901 IDecrea$eVlncrea$e in ea3h and cash equlvalents In the reportlng pefiod 1258.8581 176.570 Cash and cash •quival•nts at th8 beginning ol ¢h8 reporting perlod 7.508.048 1,331,478 Cash and ¢a$h equlvalents at the end of th• reportlng period 1,249.190 1.508.048 The notes on pages 22 to 35 1￿M part of Ihese accounts

RYDE SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2020 Accounting Polici•s Ryde School is incofporalell in England and Wales as a company limrted by guaranlee nol having sha capital. There are currenlly 14 governors who are also members of the company. Eactt member has undertaken lo contribute lo the assets in the event of a winding up a sum not exceeding £1. Ryde School is a registered charity. The wistered office is given on page 2. The prinupal accounting pol￿￿eS adopleLI. judgemenls and key sources of estirnation uncertainty in the preparation ol the financial statemen15 are as folbws". Basis olPfftparat•on The fmancial slalements have treen prepared under the historical cost conventson. in a¢cordan¢e with Accountin9 ant1 Reporting by Chaflties. Statemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ￿ of Ireland IFRS 1021 leffe¢live 1 January 20191". and the Companies Act 2006. Ryde School meets the definition of a publ￿ benefit entity under FRS 102. Group financial statements The financial statements show the results of the parent ent￿ alone and have not consolidated Ihe results of the subsKJiary undertakin9 on the grounds of materialrty Preparation of the accounts on a going concern basis In pfeparing the financial sraiements on the going concern ba51S the Governors have prepared financial forecasts for the financial per￿S ending 31 August 2020 taking into account principal risks and uncertaints affecting the Schoofs operakn"ons. including those arising from the COVID-19 pandemic. Atthough the COVID-19 pandemic ¢j￿ have a significant impacl on the Sch￿1,$ financial performan￿ in the yeai, a return lo an operating surplus is anliupated for the 2020121 financial year and beyond. Based on these forecasts and the ability to ¢all u￿n funds hekl ￿thIn the EDF furKI. Governors believe the School will be able lo ￿n￿'nue lo operate wthin ts existing faolilbes for the fo￿ee¥b1e fuluie. Accordingly the Govemors have ￿nClUded that there are no material uncertainties about the School's 8bilily to continue as a going concern and conshler it appropnale to conlinue lo prepare Ihe financial stalemenls on this basi5. In¢omlng Re$our¢ Fees receivable and charges for seThices and use of premises are accounled for in the period in which the service Is wovided. Fees receivable are stated after deducb.ng allowances and bursaries. Interest on lunds hekl on deposil is In¢￿ded wtsn fecwvable and the amount be measured relably by the charity., this is norfflalty upon nolificatK)n of the inleresl paKI or payable by the bank. Dividends are recognised once the d•v￿end has been declared and nolificalion has been received ol the diV￿end due. This is normally upon nob'fication by our inveslmenl advisor ol the d￿￿end yiekd ol the investment portfolio. Grants and donat￿n$ are recovered when the school is entitled lo the income. it can be measured reliably and il is probab￿ il will be received.

R YOE SCHOOL NOTES TO THE ACCOUNTS Iconlinued) FOR THE YEAR ENDED 31ST AUGUST 2020 Resources Expended Expenditure is a¢￿￿nIe￿ for on an ￿u31S baws. Costs ol genwating lunds are those costs incurred in attr¥ling voluniary income and investment management fees incurred as a result ot maintaining the School's investment portfolio value. Charilal)le activities include expend4ture assocoled wrth the provisron of educational Servi￿5. including boarding lacilrties, and include both the direcl costs and support costs relating to Ihose activities. Governance costs indude th¢)se incurred in the governar￿e ol the School and ils assets and are primarily assoryated wlh constitutional and statutory requirements and are allocaled to charitable activities Support costs indude central lundions and these are alocaled to ￿sourceS based on activity. Tangible FixedAssets IndivKlual fixed assets costing £5[￿ or more are capilalised al cost. Tangible fixed assets are slated in the balonce sheet at cost less depreciath)n on a straight line basis al Ihe fdlowing annual iales". Freehold latxl Freehold buildings Furnilu¥e, equipment and rn￿1nery Motor vehicles 10%- 33% 25% Transfer be￿eert Funds A transfer Is ma(le kthen the general unrestricte(t fvnds and the Educational Development Fund lo finance bursaries and scholarships. Invgstments Investments are stated al Iheir matkel value. The value of unit trusts is the dosin9 qUOte(J fflarket price. The slalemenl of linanual ath"VIt￿ tndudes the net gains and losses arisirrfj on Tevalualion and disposals Ihroughoul the year. Investments in subsKIiar￿S a￿ srale(l al cost ￿$$ any provtsion for Impalm￿t. Pensions The S¢hool wntribules lo the Teachers, Pension Defined Benefit Scheme at iales sel by the Scheme Actuary. The Scheme Is a multi*mpltsyer pension scheme and it is nol possible to identify the assets and liabilities of the Scheme which are atlributable to the SchcKJl. The scheme is ￿CoUnted for as a defined contribution scheme. The School also operates defined Contribut￿ schemes for certain non-leaching stsff. Contributions to bolh schemes are charged to the Ststement ot Finanaal ACti￿lieS as they become payable in accordance with the iules ol Ihe scherTres. Stocks Stocks are valued at the hjwef of cost and net realisable val￿. Debto Debtors afe measured on initial cecogni1￿n at seittement amount after any trade discounts.

R YOE SCHOOL NOTES TO THE ACCOUNTS Icontinuedl FOR THE YEAR ENDED 31ST AUGUST 2020 Cash at bank and in hand Cash al bank and cash in hand includes cash and short term hwJhly liquid investmenis with a short malurity ol three months or less from the date of acquisilion or opening of the deposit or similar account. Cash holdings rhin the investment portfolio are therefore recognised as cash at bank and in hand on the balance sheet. Creditors Liabilitses a￿ recognised Whe￿ il is more likely than noi that theie is a legal or construetive obligalton committing the Charity lo pay out fesources and the amount of the obligation can be measured with ieasonable certainly. Taxation Ryde Schwl. as a registered charity. is e¥empl frcm Corporation Tax urthr Chapter 3 01 Part 11 to the CoTporalion Tax Act 2010 or Se¢lJon 256 01 the TaxatKJn ol Chargeable Gains Acl 1992 to the exlent Ihal surpluses are applied to its charitable puirM)ses. Financial instruments Basic fi"nan¢ial instruments are initkilly reCogn￿d at Iransactt*n value and subsequently measured al their settlemeni value. The school has entefed into an interest rale swap agreement wtth regards to the bank loan lo offsel the impact ol rising Interest rales. The airan9ement is measured at fair value and the asset 01 liability is recognised on the balar￿ sheeL Changes in lair vakje are reported through the Statement of Financial Aelivilies The bank loan is accovnte¢J for al am0￿sed cost. Operallrtg leases Rentals payable under operating feases are expenseLI on a Stra￿￿1 line basis over the lease term. Fundateountlng Reslnded rtjnds are those wh￿h mu51 be applied in accordance wilh the purpose specif￿d by the ¢Jonor. Expenditure relating to these wrrKJ5es is therefore charged dire¢tly lo the fund. The unreslncled income funds comprise those funds which the Governors are free lo use for any purpose In lurtheiance of ihe charitable objects. Such funds indude designated funds where the Governors, at their di￿retIon. have created a fund for a specific purpose. Tiansfers of funds between general unrestn.cled funds and designated fvnd5 are approved by the Govemors. Judgements in •pplying accounfing poli¢ies and key sources ol estimation uncertalnty In preparing these finanoal slalemenls, the governors have considered the following forms of estimation uncertainty. Fixed assets Residual value of assels. Eu)nomic lives of asseis. Debtors Impairment ol debtors are assessed to Klentify nel recoverable amounts. Swap Underfying discount rates when UndertakW￿ the fair v¥ue of the interest rate swap. 24

RYDE SCHOOL NOTES TO THE ACCOUNTS {continuedl FOR THE YEAR ENDED 31ST ALIGUST 2020 2. Fees Receivable 2020 2019 Fees Receivable Less.. Scholarships and Bursaries 8.874.746 1556.6071 9,9S0,682 1586,4201 8,318.139 9,374,262 N•t Incoming Resources lor th• year This is stsled after tharging. 2020 2019 Auditor's remuneration Depreciation- owned assefs Operating lease rentals - equipment. 15,000 680.230 50,315 13,892 739,966 39,742 Other Income 2020 2019 Othor Educational Charitable Ac¢ivitie$ Site sub-letting Holiday school 190,546 10.050 187,825 84,124 21)0.596 271,949 Other trading income InsuranGe corNni5sions etc. Sundry 18,000 20,051 6.129 15.129 38.051 Furlough Income 388.318 Chafttable a¢tivilies 2020 2020 2020 2020 Total 2019 Total un￿tr￿ted Unr¢stncted Gneral LlE￿Ied Fund Fund Restricted FUNI Charitable activiti Staff eosls GfOSS ol furfough Oiher direct costs Depreciation Bank ant1 loan interest (see note 71 Support cost Governance costs Raising Funds Total 5,623.612 388,318 1,220.680 680.230 214.461 1. 125.932 3.131 5.623,612 388,318 1,236,354 680.230 214.461 1.125.932 3.131 9.289 15,674 9,281,327 5,885,626 15,674 1,613,661 739.966 62.620 1.130.460 29.356 9,289 9,289 9.256.364 9,461,689 The governors consider the charity to have a &ngk charilable actsvity. the provisw of educalion services. 25

RYDE SCHOOL NOTES TO THE ACCOUNTS {continuedl FOR THE YEAR ENDED 31ST AUGUST 2020 Analy$i$ ol support and governance costs 2020 Total 2019 Total Support costs Govemance Costs Stsfl costs 603.706 522.226 603,706 525.357 650.845 508,971 3.131 1.125.932 3,131 1,129,C63 1,159,616 Interest Payable 2020 2019 Bank interest Bank h)ans Mortgage interest Swap liability 1.819 41.733 17,622 153,287 2,221 39,236 21,163 214.461 62.620 Employe•s 2020 2019 Staff costs dunng the year.. Wages and salaries Social S￿urity penS￿n cosis 4.819.137 505.191 902 990 5,357,076 516.546 662,849 6.227,318 6,536,471 The average number of empbyees of the was as folJow5'. 2020 2Q19 Teaching staff Catering, cleaning and maFntenance staff Administralion staff Support Staff 105 52 18 14 20 14 189 199 The number of employees whose enyyumenls exceeded £60.000 were." 2020 2019 £60.000- £69.999 £70.000- £79,999 £80.000- £89.999 £90,000- £99,999 £100,(W * No cemuneralion or Lnefi"ts We￿ pa￿ to any Govemor during 2020 or 2019. During the year Governors incurred and reclaimed travel expenses of £1.504 12019. £9. 1531. Goveinols are indernnified under the School's public liability policy the overall premium for wh￿h costs £1.47312019.' £1.4261. Key management pe￿Onnel The aggregate amount of empk)yee benefils paid lo key managennt personnel was £542,560 12019." £457.3631 26

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2020 Tangible Fixed Assets Freehold Fumiture. Land & Equipment Buildings & Machin•ry Motor Vehicles Total C05t Al 1st September 2019 Additions Disposals 18.904.886 2.372.452 49.940 5.620.841 189.448 1617,0271 Ic￿,915 24.626,642 2.561,900 1607.6011 140,5141 At 31st August 2020 21,327,278 5, 193,262 60.401 26,580.941 Depreciation Al 1st September 2019 Provided dLtring year Disposals 4.843.141 330.208 {77.4341 4.065.271 340.033 1451.0941 74,471 9.989 {38,2781 8.982,883 680,230 1566,8061 At 31sl August 2020 5,095,915 3.954,210 46.182 9,0￿,307 Net Book Value Al 31st August 2020 16.231.363 1.239,052 14.219 17,464,634 At 31st Augu512019 14.061.745 1,555.570 26.444 15.643.759 Included in the figu￿ for free1￿{d land and buildings is freehobj land of É1,760.1)JO12019' £1,760.0001 wh￿h has not been deprecoted, together with assets under consiructh)n of £2,233.155 that a￿ not yel cornp￿ted. 10. FIX￿ Assvt Investments 2020 2019 Quoted lat market value UK listed tiust 2,784,646 3.866,344 2.784.646 3,866,344 2020 2019 Investment in subsidiary 100 100 Ryde School Construction Limited is 100% owned subsidiary (Company number.. 105132271 The subsi(Jory is being used to undertake a new boarding house development on the Ryde Schoof site The subsidiary has not been consolidated as it is not deemed material to the group. The subsidTrary's regisiered 0dd￿$S is Ryde Sehool, 7 Queens Road, Ryde, Isle ol Wight. P033 3BE_ 27

RYDE SCHOOL NOTES TO THE ACCOUNTS l¢ontinuedl FOR THE YEAR ENDED 31ST ALIGVST 2020 10. Fixed Asset Investments (Continued) 2020 2019 Movement in year At 1st September 2Q19 Acquisitions at cost Nel Ilossl on [evalual￿n 3.866.344 1751.5241 1330.1731 3.915,153 39,045 187,8541 At 31st August 2020 2,784 647 3.866,344 The unit trtlst furKI is rnvested solety in the Schroder MuWi4ssel Irust fund. Investment income is derived from.. 2020 2019 UK Iisled unil trust Rent receivable UK bank and ott*r irbleresl 122,617 161,769 9.000 5,498 3.988 126.605 176.267 11. Debtors 2020 2019 Fee aecounts Other debtors Prepayments 221,060 3.352 91.222 145,165 1,963 29.740 315.634 176,868 12. Creditors: Amounts Falling D Within One Year 2020 2019 First Debenture Loans 5.5% Mort9age Bank loan5 Tra(le Creditors Accruals Social Security and other taxes Fees received in advance Other ereditors Interest rate swap- new Interest iale swap- old 950 69.999 298.050 148.851 221.398 127.550 1,037.054 497.794 12.154 6,591 950 50,114 255,133 147,179 101,590 140,554 1,042,620 437,102 41.614 2.420.390 2.216,856 The debenlvre loans a￿ redeemable at Ihe opb.on of the company on givin9 three month5, notice. Fees in advan￿ lep￿Se￿I fees receNed In advance of 31 August &ich year for the Atslumn term and l)eyond, which commerKes Trn Sepiember. 28

RYDE SCHOOL NOTES TO THE ACCOUNTS Icontinuedl FOR THE YEAR ENDED 31ST AUGUST 2020 13. Creditors: amounts lalllng due after more than one year 2020 2019 Bank loans Mort93ge 2.659,632 733,336 1.677,735 823.220 3,392,968 2,500.955 Interest rale swap 140.733 3.533.701 2,500,955 Due within one ye8r An analys¥s ol the maturrty ol h)ans is given below: 2020 2019 Amounts falling due within one year or on demand". 8ank loans Mortgage 298.050 69.999 25S.133 $0,114 368.049 305.247 Due In more than one year Due in more than one year but nol than Due in more than two years bL¢I not more than fNe Due more tt)an five years 568,048 1,704,145 7,120,376 312,657 982,954 1.205,344 3.392.569 2,500,955 The bank Ioan5 and mortgage are secvTed on the School's premises in Ryde and Bembridge and a fixed and lloats.ng charge over all assets of ihe School. Interest is being charged at 1.59.￿ plus base rate. 14. Finan¢lal instruments The charrty's financial instruments may be anatysed as follows." 2020 2019 Financial assets Financial assets measured at lair value through the Statement of linancial actNrty Financial assets that are measured al arnortised cost 2,784.647 3,866,344 1.473,603 1,655, 776 Financial liabilities Financial INAbililies measufed at amTh1ised cost Oerivalive financial instruments designated as hedges of vafKqble interest raie risk 3.826,675 3,493,023 159.878 41,614 29

RYDE SCHOOL NOTES TO THE ACCOUNTS Icontinuedl FOR THE YEAR ENDED 31ST AUGUST 2020 14. Flnanclal instrumgnls Icontsnued) Financial assels Measu￿ al fair value through ihe ststemenl of financial actwily comprise fixed assei inveslmenis in a UK lisEeO vnil Irust. Finan¢BI assets meaSU￿d al amorts'se(I cost eomrxise cash, trade debtors and other debtors. Financial liabilities Measu￿ at amortised cost compnse the debenture and bank loans 14ncluding mortgage), trade creditors. other cfeditofs and accruals. Derivative finaneial instruments desNJnated as hedges of varoble interest rale risk comprise Inte￿$1 rate swaps. In the year ended 31 August 2011 the Schc¥S bwowed funds from its bankers undeT tsvo 15 year leim k)an5 01 £1.5m and £3.7m respectNely I"Existing Facilities"). To hed9e Ihe potential volatility in future Interest cash Ilows arisiThJ from movements in ihe HSBC base rale. the School enlece(S into floating lo lixe¢J interest rate swaps with a nominal value equal lo that outslanding borrowings l°Existing Hedge"). The hedge was fixed al 2.785%, the resuli of which is Ihat al the year end, the SchLx)I was out of the FT70ney due lo the low base rate and a liability for this commilmenl is held on Ine balance sheet. This hedge expired on 15 September 2020. The denvalives are xcounled for as a hedge of vanable interest rale nsks. in accordance with Charity SORP FRS 102 and Section 12 of FRS 102 and had a fair value of £6,591 12019.. £41.6141 at the balance sheet Oale. The change in fair value in the year was £35.02312019.' £45.0581 and the balance in the year was cash settleé movement in the fair value adjustment in other gains and losses on the Ststement of Financial Activities. In the year ended 31 August 2020 the Schwl entered into a new secured facility agreement wth its bankers relating to term loan facilit￿S of £4.5m to Iinance the build ol rts new boarding facility I"New Facililiesl. As at 31 Au9USt 2020, the Sch(x)I had drawn down £1.284,465 under this agreement. As a result of the expiry of the Existing Hedge on 15 Seplember 2020 and the entering into the New Facilit￿$, on 24 July 2020 the School enlered into new a fixed interest rale swap lo hedge the potential volatility in future interest ¢ash ftows arising from movements in the HSBC base rale l-New Hedge'l. The New Hedge commences ￿ 1 AprTrl 2021 and temiinates on 28 June 2030 and covers an initial principal amount of £6,711,234 being the enb.re amount anticipated to be outstanding at 31 March 2021 under the Existing Facilities, New Facilib"e5 and the mortgage. The New Hedge is fixed at 0.394%. the result of which is Ihal the School is out ol the money due lo the HS8C base rale of 0.01'kn and a liability for this commrtment is held on ihe balance sheet as at the year end of £140,733. 30

RYDE SCHOOL NOTES TO THE ACCOUNTS {continuedl FOR THE YEAR ENDED 31ST AUGUST 2020 1S. Analy$i$ of Charitsble Fund$ Balance at 1st September Incoming 2019 resources Net Transfe Balance at loss on bÈtween 31st August tnveslments funds 2020 and other gains Resource$ expended Unrestritted lunds Oesignated funds EducalKJnal De¥ebpment Fund IEDF) General fuTrY5 4.258.167 12,131,712 122.630 8.537.594 19,2891 (8.868.046) 1330,1731 143.8321 1149.0001 3.892.335 149.000 11.906.428 Total unrestri¢ted funds 16.389.879 8.660.224 {8.877.335} 1374.(M)51 15,798,763 Rt$tri¢t*d funds Creasey and Br¢h¥n Fund Ryde Bufs3ry Fwd 5.438 93.156 115.674) 110.2361 101.708 a.￿2 Totsl restricted ful￿$ 98.594 8,552 {15.674) 91,472 Total fvnds 16,488.473 8.668.776 {8.893,(X)91 (374.(X)51 15,890.235 15. Analysis ol Charitable Funds (Cont￿￿¢d) Analysi$ of Charitsble Fund$~ prior year Balance at 1$1 Sept¢mb¢r 2018 Net Transfer$ Balan¢e at loss on beiween 31st August investments funds 2019 and other gains Incominy re50ur¢e$ Resourc85 expended Unrestricted fund$ Designated funds Educaiional Devebprnenl Fund IEDFI Genwal lynds 4.319.619 11.772.545 170.778 9,689.624 18.473) (9.460.457) {93.75n 1130.0001 4.258.167 130.000 12,131.712 Totsl unrgglrlcted lunds 16.092.164 9.860.402 19,468.930} 193.75n 16.389.879 Restricted funds Creasey and 8ioY4n Fur Ryde 8ursary Fufy 6.670 84.664 11.232) 5,438 93.156 8.492 Totsl ￿$t￿cted lunds 91.334 8.492 (1.2321 98.594 Tolal fund$ 16,183.498 9,86B.B94 19.470.162) 193.7571 16.488,473 The EDF includes the Schwl'5 fvee reserves Isee Report of the Governorsl set aside by the Governors lo provide funding for gfants and awards and where approwrale to provide finance for buikling devebpmenl. The fund investments are managed profeS￿Onally. Transfer between Funds A contn"bulion ts made every year towards scholarship and l)ursaries from the EDF lo the general fund. In 2020 this amounted to £149.00012019.' £130.0001.

RYDE SCHOOL NOTES TO THE ACCOUNTS Icontinuedl FOR THE YEAR ENDED 31ST AUGUST 2020 16. Analysis of Net A$$•ts belwgen Funds Educational Oevtlopment Fund General Fund5 Restricted Funds Totsl Tangible fixed assets Inveslments Cash at bank and in hand Other nel current Iliabililies) Creditors > 1 year 17.484,634 17,484,634 2,784,746 92,176 1,593,287 12,431,563) 13,540.8691 2.784.646 1,100,988 6.700 4C(J.123 12,438,2631 13.540.869) 11.905.725 3.892.334 92,176 15,890.235 17. Contingent Liabilities and Capital Cornfflitments Capital commitments amounted to £3,686.177 {2019.' £7t.261) at 31st Augusl 2020. The School had not aulhoTssed or contracted for any olhei acqvi5rtions at thal date There were no conlingenl liabilities as at 31 August 2020. 18. Teaching Staff Pension Fund Duiing the year the S¢hcx)I partiopaled in the Teachers. PensK)n Schen (Ertrgland and Walesl I'the TPS'I for Ils leaching stsff. The FensKsn charge for the year includes wnlributions payable to the TPS of £820,744 12019.. £590.061) and at the year-end £75.924 12019 £68.247} was accrued in Tespecl ol contributions lo this scheme. The TPS is an unfuncled mulhmployer defined benefits pension scheme governed by The Teachers, Pensions ReguL4lions 2020 {as amended) and The Tea¢hefS' Pension Scheme Re9ul8tions 2014 las amerKledl. Members contribute on a 'pay as you go. basis wrth contribubons from members and the employer ￿Ing ￿dIted to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Pailiamenl The employer conlributK)n rale Ts sel by Ihe Secretsry of Slate following scheme v81ualions undertaken by the Government Actuary's Dep3rtmenL The most recent actuarial valuation of Ihe TPS was prepareo as al 31 March 2016 an(J the valuatK)n report. which was published in March 2019, confirmed that the employer contribution rate lor the TPS would increase from 16.4Vo lo 23 6% from I September 2019 Employers are also required to pay a scheme admintstralKJn levy of 0.08% giving a total empkiyer ¢ontribub"on rale of 23.68%. The 31 March 2016 valUat￿n Report was prepared in accordance wilh the benefits sel oijt in the scheme regLtlalions and under the approach specified in the DirectKtrns. as they applied at 5 Maf¢h 2019. However. the aSSumpt￿nS were cOns￿ered arnl set by the Department lor Educalion prior to the riJlin9 in the 'McCloudlSargeanl case.. This case has required the courts lo consKler cases regarding Ihe ilnplemenlalion of the 2015 reforms lo Public Service PenS￿nS including the Teachers. Pensions. On 27 June 2019 the Supreme Court denied the govemment pemiission to appeal the Court of Appeal's judgmenl that transitional provisions introduced lo the relormed pension s¢hemes in 2015 gave rise lo unlawfvl age discrimination. The government is ¥especting the Court's dectsion and has said il will engage lully with the Employment TrI￿lnal as well as empk)yw and member represenlalives lo agree how the discriminations will be remedied. A consultatK>n was launched by the Govemmenl on 16 July 2020, and closed lo responses on 11 October 2020. The TPS is sub￿ct lo a cost cap mechanism which was put in pla￿ to protecl taxpayers again51 unloreseen changes in scheme costs. The Ch￿f Secretary to the Treasury, having In 2018 announced that there would be a review of thi5 cost cap mechanism. in January 2019 announced a pause to the cost cap mechanism lojli)wing the Court of Appeal's ruling in the Mccloudlsargeanl case and unb"I there is certainty about Ihe value of pensK*ns to employees from Apr￿ 2015 onwards. The pause was lifted in July 2020 and Ihe 32

RYDE SCHOOL NOTES TO THE ACCOUNTS Icontinuedl FOR THE YEAR ENDED 31ST AUGUST 2020 Government is preparing to complete the cost conlrol elemenl of the 2016 valuat￿S, which is expected lo be completed in 2021. In view of the above fulings and dectsions the aSSumpt￿nS used in the 31 Mafch 2016 ActU8ri81 Valuati)n may become inappropriate In this scenario. a Valual￿n prepareo in accordance wlh the revised benefits and suitably revised assumptions woukl yiekl drfferent resutts than those coniained in the Acluarial Valuation. Until a iemedy to the di5cnmlnal￿n condusion has been detemiined by the Empbyment Tribunal it is not possible lo conclude on any financial impact or future changes to the contn"bLttion rates of the TPS. Accordingly, no provision lor any adtJitK)nal past benefit pension eosls is included in thesè financial statements. After the year end. the School agreed ￿th all leachefs who are member5 of TPS that the School will cease ils part￿1paI10n. in TPS as 0131 Augus12022 alld it has agreed that il will run. and make contributions to, a defined contrib[Jl￿n scheme wjminlste￿d by the AvNa PensK)n Trusl for Independent Schools I'APTIS. I. The Schod also runs a scheme lor ts non-leaching staff. whth is a defined contributions scheme. The cost fol the year represents the Schcw)I's contributions to that ￿heffle of £82.24612019.. £74,418). 19 Commitm•nt under op•r4ting leases As al 31 August 2020 the charity had minimum lease payments under non<ancellable operating leases as sel out below. 2020 Fumiiure, equipment and machinery 2020 Motor Vehicles 2019 Fumtture, equipment and ma¢hinery 2019 Motor Vehicles Operatirbg leases wh expire". Within one yea In two to five years 31.894 68.602 18.421 25.500 31,894 100.497 18,421 44.436 11K).496 43.921 132.391 62,856

RYDE SCHOOL NOTES TO THE ACCOUNTS l¢ontinuedl FOR THE YEAR ENDED 31ST AUGUST 2020 20. Re¢oncill*tion of Net hlovement in Funds to Net Cash Infiow from Op•ration$ 2020 2019 Net movement In funds 1598.1371 304,975 Oepreciation Charges Losses on investrnenls Loss on interest iale swap Dividends, inleresl and rents from investrnenls Loss on the sale of fixed assels De¢￿ase in sl¢xk Increase in debtOT5 Increase in creditors 680.230 330,173 140,773 126,605 40,696 1,043 1138,7661 196.367 736,$66 87,854 1176.267) 5,903 7,208 95.018 1187,5291 Net cash provKle(I by operaling activths 778,984 874, 128 Analysis of cash and cash equivalents 2020 2019 Cash in hand Cash hekl as part of inveslmenl portfolio 492.299 756,892 1,122.925 385.123 Total cash and caskn equivalents 1,249,191 1.508,048 21. Re¢on¢iliation of Net Debt 1 Sèptember 2019 Cash Other non Ilows cash changes £'ooo £'ooo 1630,6261 371.769 954.416 31 August 2020 £'ooo Cash at bank and in hand Cash al investment manager Bank Loans Intefest rate swap- new Interest rate swap- old 1,122.925 385,123 2.806,202 492,299 756,892 3,760.618 1 S2,887 6.591 5,169,287 152,887 41.614 4,355,864 35,023 660.536 152,887

RYDE SCHOOL NOTES TO THE ACCOUNTS l¢ontinuedl FOR THE YEAR ENDED 31ST AUGUST 2020 22. Statement ol Financial Activities lor the year ended 31" Atsgust 2019 Unrestrkl•d Unrestricted General Destgnated Restricted Fund Funds Funds Total 2019 In¢om• from: Donations Charitable a¢tivit￿$.. Fees receivable othereducalional income Olher trading activities Investments 8.365 8.365 9.374.262 271.949 38,051 5,362 9,374.262 271,949 38,051 176,267 170,778 127 Total Income 9.689.624 170,778 8.492 9,868.894 Expendltur• on: Raising lunds charitab￿ actwrties 8.473 8.473 9.461.689 9,460.457 1,232 Total èxpendlture 9.460.457 8,473 1,232 9,470,162 Net income before gains on investments 229.167 162.305 7.260 398.732 Nel Ilossesl 19ains on investmenls and sale ol assets (93.757) 193.7571 Not incom• 229.167 68,548 7.260 304.975 Tra￿1•￿ bètweèn funds 130.000 {130.000} Net movement In funds for the year 359.167 (61.452) 7.260 304,975 Re¢oncili#tion of funds: Total lund5 brought forward 11,772.545 4,319,619 91,334 16,183,498 Total fund$ ¢arri•d lon¥ard 12.131.712 4.258.167 98,594 16.488,473