Charity Regisliation No: 307409
Company Registration No: 432077
RYDE SCHOOL
WITH UPPER CHINE
Annual Report 2020
•AA¢KT521*
19m312021
COWANIES HOUSE
#10

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)
Chaimi*n:
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 Commiss*on 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 kY*u 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 k*rsonal 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 Ch*J 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￿$1 further children whose pa￿nts might not otherwise be able lo afford to choose it, the School fosters ils
lalionship with olher grant makrng bod*s and partiupales in the Govemmenl's Nursery Voucher Scheme.
The School has offered part￿ulaT assistance lo children who would benefit from boarding due to their personal or
family circumstsnces and has worked with the local authority and nalional charities to identify and p*e Iwked
after children or those who would othe￿ise not be able lo access a boarding school educatKIn.
Puplls, voluntary work
Pupils and stall ale en¢oura9ed lo folbw the School's molto of Ul Prosim and live a life ol Se￿ICe. Many are
involved Llirectly and IniJiiecYy in fundraising. aelive communrty service and ILKal en9a9emenl The School has
recently Joiried the R(￿n￿ Square Organisat￿n which expects of and provitles opportunities for. ils member
schools engagement with voluntary aclivity. There are active groups such as the ""Gween People. in the Senior
School and ecology groups in the Junior School who engage In environmental action
The majority ol our pupils in Year 10 ￿ke part in the Bronze Duke of Edinburgh Award - Last year 70 pupils did al
least 12 h￿15 of voluntary work each. That is around 840 I￿r$ volunteering in the community.
Many ol our pupils continue doing Silver Ouke of Edinburgh Awartj in Year 11. Last year 35 p*Jpils 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 ￿$tr￿tionS.
One ol Ryde's Sixth Form pupiL8 has been a member of the Mental Health Taskforce wrthin the Island Youth Trust.
She helpeil wnle the Island Mental Health Charter. Ryde School staff then helped with the iedrafting of the
document and we are signed up lo il as a schc
Other examples of voluntary wowk done by SenK*r Sch¢)ol pupils have included pr(￿U¢Ing art work ￿th local
hospice palients. and Sixth Form pupils tutoring younger pupifs Irom I￿1 stale schools.
In the Junior School our pupils are encouraged to engage wifh voluntary work and fecent hnks have been made
with Q4Jarr Abbey where pupils have helped lo restore the path and assisting with harvesting apples. The Junior
School also suppJrt5 the Roiary Club shoebox appeal sending gifts and esseniials to countries such as Moldova
and Bosnia. As this colleth'on was cancelled. we filled over 40 huge boxes with toys. clolhes. toilelries and feslsve
food lor AS￿re and Pan Together as well as providM)9 gifts lor a refugee family from Somalia who have teen
fostered by the I￿e of Wight community.
The School has close links with a rural school in Nako. Ghana and a group ol pupils travel there on a biennial
basis to carry out voluntary work. teaching lessons and helping to renovate the gle A Inp went Gharna in OcVNov
2019 and another 1$ 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 opportunrt*s 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 Extra<urrkular
Ryde School pr￿S itself on providing a very broad range of acttvrties, which are designed to devek)p the personal
allributes ol the pupil and provide them with a life-long inieresl. The S¢hool now has embedded Sailing into its
core provision and all pupils in the JunKJr School and Senior School now have the OPKX)rtunily to sail on a weekly
bas15 In the summer term and many In the senior school acioss Ihe fvll school year.
In the Senw Sch¢)ol pupils are expected to lake part in at ￿ast one extracurricular activity each week ltsyo in
Years 7-91 and many do more than this. Most pupils represent the school in some lom or other, be It sport.
musi¢, drama or activities like debating, CCF or D of E.. some go on to achieve signifunl recognition locally, an
in some cases nalK)nally. Pupils in Year 10 are expected lo tske part in eilher the Combined Cadet Foice or the
Duke ol Edinbur9h's Award Scheme. The School became a licensed ￿ntre lor the Duke of Edinburgh's Award
Scheme in spring 2014 and a szeable number of the 6 form is involved In the Gold Duke of Edinburgh Award.
The clubs and aclivtlies which wefe provi(Jed in the last academic year included aerob￿$, arts. ceram¢s, chess
club, dance, drama. film making, gk)bal rock. green initiatives. jewellery. ICT club. Mandarin club. MatheMat￿S
club. photography. plays, ptlblt speak>ThJ, 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 sta*ments 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
uncertaint*s 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$our¢
Fees receivable and charges for seThices and use of premises are accounled for in the period in which the
service Is wovided. Fees receivable are stated after deducb.ng allowances and bursaries.
Interest on lunds hekl on deposil is In¢￿ded wtsn fecwvable and the amount be measured rel*ably by
the charity., this is norfflalty upon nolificatK)n of the inleresl paKI or payable by the bank. Dividends are
recognised once the d•v￿end has been declared and nolificalion has been received ol the diV￿end due. This
is normally upon nob'fication by our inveslmenl advisor ol the d￿￿end yiekd ol the investment portfolio.
Grants and donat￿n$ 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
G*neral L*lE￿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 L*nefi"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 managen*nt 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 mulh*mployer 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