2021-08-31-accounts

Charity Registratlon No: 307409 Company Registration No: 432077 RYDE SCHOOL WITH UPPER CHINE Annual Report 202 1 111 *AB03ZJJT• 19101Q022 COMPANIES HOUSE A13

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RYDE SCHOOL CONTENTS Page No. Report of the Govemors induding the Slralegic Report 2-13 Report of the Independent Auditor 14-16 Statement of Financial Activities 17 Balance Sheet 18 ststement of cash flows 19 Notes lo the Accounts 2¢>33

RYDE SCHOOL (Company No: 432077. Charity No. 307409> REPORT OF THE GOVERNORS Reference and adminislrntive detsils Nam•: Ryde School {known as Ryde School with Upper Chine) BOARD OF GOVERNORS (All Govemors are Directors for the purpose of company kqwl Chairnian: Professor C.C. Lees MB BS BS¢ MD FRCOG Vicè Chaimian and Honorary Governor: Dr M.D. Legg BSC. M.B.B.S. Her¢ditary Governor. Dr A. Mclsaac M.A.. D.Ph Honorary Governor: Mr N. J. Wakefield M.A. (Rebred 31 August 2020) Governots: Mrs J.E, Bland Cert.Ed. RSA Dip SpLDs Miss Chantal-Aimee Doerries Q.C. Mr A.M. Crawford Mrs M. Esfandiary {Appointed 11 June 2021) Mrs D.K. Haig-Thomas BA Hons. Mr P. Hamilton Mrs A.V.F. Harvey {Resigned 11" June 20211 Mrs. C. Jacobs RGN Mr A.P. Ramsay Mrs. J.L. Wallace-Dutton M. P.l.J. Weeks Dr M.L. Wilson D.Eng {Resigne¢J 27 November 2020) Clerk lo the Governows and Company Secretary: Mr J. Marren Bsc.. ACA The Headmaster: Mr M.A. Waldron M.A. (Cantabl. M.Ed Thg Buvsar: Mr J Marren Bsc.. ACA Honorary Visitor The Rt. Revd. Christopher Foster. the Bishop of Portsmouth Bank•vs: HSBC, 38, Union Street, Ryde, Isle ofWighL P033 2LJ Auditor: BDO LLP. Arcadia House, Maritime Walk. Ocean Village. Southamplon. S014 3TL Solicitors: The School seeks legal advice fri>m several firms, depeThlent on the top￿. Investment Advisors: Cazenove. 12 Moorgate. London. EC2R 6DA Registergd office: Queens Road, Ryde. Isle of Wighl, P033 3BE

RYDE SCHOOL REPORT OF THE GOVERNORS Icontlnued The Govemors present their report together the financial slatements for the year ended 31st ALtgusl 2021. 1. Objectlves and activities Charltable Objects and Aims Ryde School is a charity that seeks to beneffit the public by pursuing and delivering rts educational aims detailed below. Its fees are set al a level that ensure financial viabilty and provide excellence in education. The School welcomes pupils from a variety of backgrounds. Unlike many schools. pupils are not selected on their academ ability bul need to demonstrate that they will fft into the School communrty and benefit from the education on offer. Econom￿ ststus. ethnicity. race and religion are nol part of the assessment prccess as the School is an equal opportunity organisal¢on and encourages a community that is free from discriminats'on although the School is a Christian foundation registered with the Church of England dkxese of Portsmouth as having a parb"eular religious ¢hara¢ter. The in¢ul¢ation of Chri$lian values is important to the School but tt rec4)gnises the values of other faiths. The School endeavours to folk)w best practice as recommended by the Chanty Commission in discharging its aims and obje¢tives to the benefit, as far as possib￿, of the Wb1￿ both locally, nationally and internalNin811y. School Values We am an Island seht>oI with a global outlook Our purpose is to provide wortd-¢lass edu¢ation on the Isle of Wight. enabling our boarding and day pupils to flourish in MIND. BODY and SOUL. We will nurture the CHARACTER, SKILLS and VALUES to help them make positive difference and embrace the opportuniti.es of the wider wortd. WE BELIEVE eoarding prowdcs ar￿ opportunities for A rv4orous ard baL4nced c￿riCUluM makes us krA>Yiled9eable ar CLinous arwj fosier5 a litrlong ol ieartwwJ VJ obli9aEiCMI< need to be Posilwe educatx4 Improves well- b¥ng and erk)b￿S al in r cLYrmunit Iv IINive

RYDE SCHOOL REPORT OF THE GOVERNORS (Conllnued) As an IB School wè want ourpuplls to become.. BALANCED CARING COMMUNICATORS COURAGEOUS CREATIVE INQUIRERS KNOWLEDGEABLE OPEN-MINDED PRINCIPLED REFLECTIVE RISKTAKERS SELF-DISCIPLINED THINKERS As a Round Square Candldate School we belleve in and encourage puplls to engage wlth.. Inlernalionalism Democracy Environmentali$m Adventure Leadership Seryice As a PSB School we encournge ourpuplls.. To learn to lead. to work as a team and to opeiate independent To be reflective. seeing all leaming as a chance to review and improve To lake every opportunity lo develop their cornmunicatr.on skills Monitoring The School assesses its success in delrvering its values through the work of the Board suWmmittee$ who monitor the delivery of those aims. The eriteria and outcomes are referred to in more detsil throughout this report. The School's ¢utrent Strategi¢ Pkn available on the website WbYW.rydeschool.ory.uk. is monitored by the Finan and General Purp05es Commrttee. Public Benefft The governors confim that they have due regard to the guidan￿ on Public Benetit published by the Lharity Commission in exercising their power and dubes. The Boar(1 of Governors 1$ committed to meeting its sponsibilities with regard to the prOvis￿n of benefit to the wder public. 2. Structure, Governance and Management The School is committed to maintaining the high standards of Govemance recognised in recent School inspections. 2.1 Goveming Document The School is govemed by its Memorandum arKI A￿leS of ASs￿a￿On supplemented as necessary by bye-law5 determined by the Board of Govemors. The company is a chanty limrted by guarantee incorporated on 28th March 1947 and registered as a charity on 4th March 1W, its &tivities being the provision of educatK>n to boys and girls of all ages as well as the continued

RYDE SCHOOL REPORT OF THE GOVERNORS (Continued) devdopment of the School as an educath?nal resource of high quality on ihe Isle of Wvjht. Its Registered Charity Number 1$ 307409. The School is a ￿rnPanY limited by the guarantee of its members. 2.2 Recruftment and Training of Govemo Governors are elected by the Board for a term of four years, Yth￿h can be extended for a further four years and in the ease of the Chairman. for a maximum term of ten years. Two Governors may be nominated by the Old Rydeians As%xiation and one by the Upper chir￿ Ohj Girls Asxoatitin. The cur￿n1 Goveming body represents the membership of the company. The Board sefecls new ￿ard members on the basis of their personal ¢omFeten¢e, speryalist skills and avaik7bility. Govemors are inducted by the School's professional Clerk and Headmaster and provided with copies of goveining documents, bye-laws and external charitsble guidelines pertinent tx)th to independent schools and charities as well as all the necessary statutory and regulatory compliance checks. All Governors a￿ en￿Uraged to attend courses run by AGBIS and the Board's own regular in-house training sessions ¢)n perbnent matters and poli¢ie$. The Board appraises its effectiveness every year. 2.3 Organisational Management The Govemois determine, with the Headmaster. the general strategy, aims and ethos of the School. The day-to- day management of the S¢hool is delegated to the Headmaster. Deputy Heads and Head of the Junior School together with the Bursar. The Board operates through two main eommillees. There is a Finance and General Purposes Committee, chaired by Mrs Haig-Thomas which approves and monrÉors budgets. revthvs the annual audited accounts and the School's tangible asset resource. The Educab'on Committee, thaired by Mrs Bland reviews educational and pastoral issues in conjunclion wrth senior teaching stsff. Both committees meet each temi prior to the full Board. The Board is also advised by a Remuneralton Committee. chaired by Mr Crawford, whth detemiines senior salari8S. The Govemors and Senior Management Team have Strateg￿ "away days" on major i$5ues to supplement scheduled Board meetings. The 8oard has a Govemance Committee. chaired by Dr Legg. which detemiines the skills the Board needs lo function effectively and advises it on succession planning. Mr Weeks represents the Govemors on the Health and Safety Committee and Mrs Jacobs is the lead Governor for Chikl Protecbon. The Board meets every tem and on olher cccasions as required,. the Education Committee meets three limes year. the Finance and General Purposes Committee meets three tsmes a year. the Strategy Group meets a$ necessary and the Remuneration Committee meets twi￿ a year. The Remuneration Committee in conjunction with the Headmaster consKlers the approprrate level of pay for the Senior management team. It also re¢ommends to the Board the Headmaster and Bursar's remuneration. In recommending and assessing these levels of remunerab'on the Remuneration Committee use5 nakn.onal statistics as benchmarks. There are no specific related parb.es except for the parent body. with ¥rt￿m the School consults on a regular basis. It is cognisant with both AGBIS and HMC communicatr.ons used to infom. educate and improve governance. 3. Strategic Report 3.1 Strategic Objectives To deliver its ststed charitable aims and objectNes. the Sch￿1 is commilled to delivering an excellent all-round education. By maintsining high standards of academic perfornance. pastoral care and citizenship and ensuring pupils. abilities are developed to their fvll potential. The Govemors, in fuffilling their charitsble obligations, are mindful of the need for the Sehts)I to be a¢¢essible to the I￿[ Community by offerin9 a broad cu￿￿UluM while increasing bursarial support.

RYDE SCHOOL REPORT OF THE GOVERNORS (Continued) 3.2 8gnefits to the Community The School aims to provKle benefit to rts o)mmunity in three way$. Firs( the School provides finan¢ial assistance to families who wouhj not othemse be able to afford the school fees. The level of this support varies from a relatively small amount 10% or 20% of the fees. to a 100% bursary in limrted circumstsnces. Supwrt is offered mostly to pupils who live on the IS￿ of Wight. but some pupils benefft from a boarding bursary and the School works with the local authority and national charities to enable ￿ardIng for some vulnerable children who Can so benefit. Whilst around a third of our boarder5 come from the UK. the majonty are overseas stLtdents and the School benefits considerably from the cullural diversity and different wodd view that they bring to the School and indeed to the Island community. Secondly. the School aims to support the bcal community through forging educational links with state schools and by sharing facilit￿5. Thirdly. the School aims to support local and overseas charities either by offering the use of facilit￿ or directly by fund raising. H•adllne Ilgures lor the yearto 31 August 2021 Amount of money raised for UK charities.. £8.357 Contribution to UK GDP.. £14.6 Contribution to the Isle of Wighl economy.. £8.5 million Totsl amount of UK tax supported by Ryde School's activities." £4.5 million Total savings for UK tax payer as a resurt of pupils attending who would otherwise attend stste schools.. £4.5 million Total number of UK jobs SUPFKlrted by the schoofs activity.. 343 Number of pupils receiving means tested bursarial assistants= 80 Amount of money spent on bursarial support to pupils last year." £747,446 Total number of voluntary hours that students put back into the communty throu9h voluntsry activity such as Duke of Edinburgh = over 2,CQO Bursarles, Scholarshlps The School advertises &holarship5 and Bursaries in its promotional literature (Current Information). its website and in the local press. Examinations and interviews for Scholarships and Bursaries take pla￿ in November and February. Places are available for enty into Years 5. 7, 9 and 12. The crrteria to receive a seholarship are significant achievement and potential either academically or in one or more of several extra<urricular areas. Scholarships can be academic. spor( Mus￿. sailing or general {allowing for success in. for example, Drama, DT or Art} and those in receipt of one are expected to benefit from an education at Ryde School, generally bul also in nurturing their particular talent, and make a Fositive contribution to schwl life. The School has the same expectations of its fee paying pupils. Those in receipt of a scholarship will automatically get support to develop the area of skill of the award - for example, music scholars are supported with complimentary indNidual turtion. In addition. all those awarded scholarships be￿rne eligible for fee assistance. The kvel of fee a5sistan￿ is determined after an assessment of parents. (or guardians.) abilty lo pay the fees". assistance can be as hKJh as 100% - and occasionally grants are made lo assist with school trips or unrfomi. Assisted Places are offered lo some boarders, who are also assessed a$ to the level of support that is required. Usually. one or pupils a year are nominated through the Headmasters, and Headmistresses, Conference {HMCI Eastem European Scholars Programme. which carries out its own assessment of parental means. Some Eastem European Scholars receive a 1000h bursary. others are able to pay about a third of the fees. The total value of means tested bursaries amtyJnts to £747k or about 8.3% of gros5 fee inojme. Approximately 11 % of pupils receive such support. Funding for bursar￿ comes from three sources. The School uses the rental income it receives from the letting of the Bembridge Boarding Campus. investment income from the Educats'onal Development Fund {these tsvo sources funded approximately 45% of means tested bursariesl; the remainder coming from the surplus derived from fee income. It 15 a long term Strategic aim of the School to increase further the ssze of its Educatsonal Development Fund in order to provide further means tested bursarial assistsnce. The School conb.nues to assist some pupils already in attendance, when parental ¢ireumstsnces change. Such help is given after means testing,. it is the sch￿I.s wish lo see such pupils complete the appropriate stsge of their education. This has been of partiojlar importance this year in supporting families affected by the COVID-19 pandemK.

RYDE SCHOOL REPORT OF THE GOVERNORS (Continued) In budgeting for its awards the Schts)l attempts to strike a balance belween thè use of its rental and investment income. and fee income, recognising that many parents have already made significant sacrifices to fund the education of their own children. Indeed. maintaining fees at a relatsvely low figure by independent school stsndards allows greater access by a wder range of Iccal families than is somelimes the case elsewhere and is a ¢on$¢ious consideration of school rnanagement and govemors. To foster bursarial support further the Governors have established a reStr￿ted fvnd-"Ryde Bursary Fund. to which pa￿nts and staff donate. In addition. in order to assist further chIld￿n whose parents might not otherwise be able to afford to choose tl, the School fosters its relationship with other grant makn'ng bod￿ and parbcipates in the Govemmenvs Nursery Voucher Scheme. The School has offered particular assistance to chiklren who would benefil from bjarding due to their personal or family cirGumstanees and has worked wth the local auihority and national charities to identify and Pl￿ looked after children or those who would otherwise not be able to access a boarding school education. Pupils. voluntary work Pupils and staff are encouraged lo follow the School's motto of Ut Prosim and live a life of service. Many are involved directly and indirectly in fundraising. active community service and Iccal engagement. The School has recently joined the Round squa￿ Organisalion which exFects of, and provides opportunities for, its member schools engagement with voluntary activity. There are acb.ve groups such as the 'Green People. in the Sen￿r School and ecology groups in the Junior School who engage in environment218etion Many of our pupils in Year 10 take part in the Bronze Duke of Edinburgh Award- Last year due to the pandemi¢ a duced number of 34 pupils dKI at least 12 hours of voluntary woth each. That is around 408 hours volunteering in the community. Many of our pupils ¢onty'nue doing Silver Duke of Edinburgh Award in Year 11. Lasl year 34 pupils did al least 24 hours of voluntary work each. That is in excess of 816 hours of voluntary work in tolal. Last year 17 pupils did Gold Duke of Edinburgh Award across the Sixth Form. This included at least 55 hours of voluntary work each. meaning al least 884 hours in total of voluntary work. Ryde Schools aspiring med¢cs regularfy carry out voluntary medical work in the local community,. year ly pupils vclunleered at the Isle of Wight COVID Vaccination Centre during Springlsummer 2021. Boarders at the school also take part in ￿ular bea¢h ¢leans. pi¢king up ￿asts"¢ and other litter. Year 7 and 8 regularly carry out voluntary work in the community such as litter p￿kIng at QLtarr Abbey. and working Wlth Aspire. local community cenlre. though last year this was curtailed by COVID-19 pandemic restrictions. In addition to this our Year 7 and 8 pupils have been working with the Brading Roman Villa on an on-going conservation project. Our Year 9 pupils planned and carried out a number of communtty servtce activities in the summer temi of 2020- 21 including arranging a tea party for residents at a local care home. conservation work around the School's perimeter and litter picking in hotspots around Ryde. In the Junior School our wpils are encoura9ed to engage with voluntary work and recent links have been made with Quarr Abbey where pupils have helped to restore the path and assisting with harvesting apples. The Junior School also supports the Rotary Club shoebox appeal sending grfrs and essents.als to countr.tes su¢h as Moldova and Bosnia. The Schc¥)I has dose links with a rural scl¥)ol in Nako. Ghana and a group of pupiLs travel there on a biennial basis lo carry out voluntary work. leaching lessons and helping to renovate the site. A tn"p went Ghana in O¢UNov 2019 and another is being planned for 2022.The School additionally cairies out regulaf fundraising in support of Nako S¢hool. Th• Arts The School's music ensembles give freely of their time to play at Iccal venues. though COVID-19 pandemic striclions put rnu¢h of thi5 on hold last year. The swing band has played in church concerts as well as other Island venues and our scholars somebmes perfom at Eoeal venues such as Aspire. Monkton Arts Cafe and Quay Arts. Fiveways and Junior School MLbSiC groups play at local care homes for the elderly at Christmas lime and the Fiveways carol singers sing al the Alzheimer Society Café in All Saints. Church hall at Christmas tirne. The local community ss usually invited to school events su¢h as carol ser¥i¢e$. and school musical and drama producb'ons.

RYDE SCHOOL REPORT OF THE GOVERNORS Icontlnuedl A number of community artis￿ groups use the School's fxilities on a regular basis.. a ukulele group, lttal ballroom dance group, Curtain Call theatre group and Domix are among those who in normal times make regular use of the school's facilits. whilst the Isle of Wight Symphony Orchestra use the school's facilities and equipment to rehearse in the run up to concerts. Some of this activity was pul on hokl due lo COVID-19 pandemic restr￿lOnS but much has since resumed. The sch¢Jol's music ensembles are open lo talented pupils from kxal stste schcols and members of Ryde School's music department are heavily involved in promoting music on the Island. induding o)ntributing to the low symphony orcheslra. The 5¢hools' art department have supported a number of local exhibitions and somet#nes produce their own exhibitions for public spaces such as the Monklon Arts Café. Science. fechnologyl Engin••ring andMathomati¢$ {-STEM") In recent years the School has worked in partnership with a Ictal Academy which has been unable to provide A- levels in certain STEM subjects. We have given these students a¢¢ess to our A-level s¢ien¢e and maths Jesson$ at no cost and they have benefited greatly from many hours of lessons and the subject expertise of our teachers. Ryde Schch)I staff have also delivered Pfexam revision sessions to pupils from Ihe same schcN)l and in addition we have helped with the professional development of their maths teathers by providing opportunities to spend time with our teachers and in our les50n$. The Junior School hosts an annual a11-l￿and maths challenge for children in Years 4 and 5. Each year 8 children from around 20 primary schools attend the even(160 pupils in total. The School runs an annual Desun Technology ¢lub whtch 5UPPOrts the Isle of Wuht Club for Deaf Children. Transport assistance is also offered to Ryde Academy students so that they can attend the Engineerin9 Education Scheme events on the mainland. The School also runs a mcKk Oxbndge intefview evening each year which beneffts a number of the most able STEM pupils on the Island. OtherAcademic In addition to STEM and 'the arts,, the School runs a number of other academic initiabves which tenefit the wider community. The school runs an annual Island-wide geography quiz for pupils in Year 9-10 although this had to be postponed this year due to the COVID-19 paftdem￿. The schts)l also runs a Model United Nations event for local island state schools. The School now has an established mO¢kQxbr￿ge interview prepar2th?n evening, with over 20 pupils attending this year. Pupils from all over the Island are invited and many have gone on to gain places at Oxbridge. The Junior School and FNeways run ExploratDn and Discovery sessions on Saturday momings in areas such as science. outdoor leaming and drama. These are free of charge and bring junior school age chI￿ren 109elher from across the Island, particularly helping those who are home-schooled_ The weekly Five Ways Playgroup also allows families to access use of the Nursery facilities as well as tea and coffee and story & music time with a member of the Fiveways team. These sessions were suspended for some of last year due to COVID-19 pandemic reslriclions. The weekly Fiveways playgroup. Chitter Chatter also allows families to access use of the Nursery facilities as well as lea and coffee and story & music time wth a member of the Fiveways team. These sessions weie suspended or went online for some of last year due to the COVID-19 pandemic. Sports Many of the Sch¢Jol's sports specialists work wth the wider community. The Head of Rugby coaches regularly at London Irish, the Head of cricket co&hes with England South-west (Bunbury) group and leads coaching on the Isle of Wbghl, whilst a further PE teacher a￿sts with coaching Island cricket.

RYDE SCHOOL REPORT OF THE GOVERNORS (Contlnued) The School runs a number of communty sports iniiiatives usin9 their facilrties. Recently these have included 'Rugby Ready. afternts)ns and fcotball toumaments for Ictal primary schools. The School rowing club combines pupils from other local schools wlh our pupils and allows them to access our facilities and coache5 a5 well as taking part in events as a combined crew. The Head Master is a trustee of the 151e of Wight Sports Foundation. A number of communty Island sports clubs have regularly used the School's facilities in the past academic year, these include Shorwell netball club. IsLgnd Hockey Club. Ryde Saints football club. Isle of Wight crithet ¢lub, Ryde Cavaliers Cricket club. Football Mondial. Veth"s Nomads. Ryde Badminton club. Ryde LTC, arbd o?kf￿ld Youth FcKJtball club. Hampshire RFU meets.ngs are held al the School and facilities are used for coaching courses. Our Sports Scholarships enable talented Island athletes to access education al the School whatever their finanrial circumstances and lo develop their lalents further. This has been instrumental in helping some of the Island's most talented athletes to develop l)oth academKalty and in their $F*yL The Head Master is a trustee ofthe Isle of Wyht sports trust and patron of the Isle ofw￿h1 Music, Speech, Drama and Dance FestNal. The Isle of Wight Cricket Board partnered up wth the school a few years ago. In this short period of lime Cri¢ket on the Island has seen a subslanlial increase in the number of young cr￿eterS (boys and girls) playing on and for the Isle of Wight County Age groups. The Sch¢)ol is used as their training base with access lo a Merlin and 2X Bola bowling machines in the 4 net knes the SFOrts Hall along the Gym for the strength and conditioning training. Cricket activity, whilst disrupted by the COVID-19 pandemic, was still able to lake place for much of the summer on the xh¢)ol'$ grounds..The school also allows the IOW cricket board to use its minibuses for away fixtures. Oth•r faeiliti•s Aside from the sports and arts uses i(lentified abcNe, the faciltlies at the School have been used by some members of the Island's Hindu Community and Isle of Wight History Sccw. The School pays direcuy for the light, which illuminates the North of AJI Saints. church. The schools usually lends rts faeiltties to IOW Pride Parade and The Mardi Gras though these events wefe eancelled in 2021 due to the COVID-19 pandem￿. Ryde School runs a Summer Schi)ol, which provides opportuniti.es ￿ lttal children during the holidays lo partscipale in a wide range of activities, also enhancing cultural experiences as they attend alongside oversea$ residential SL¢mmer School students. A number of Ryde Sthool pupils volunteered their time al the summer schwl to run aelivities in drama, sports and STEM. Otherstaff voluntsgring Ryde School provides teacher training placements through Southampton Universty and Christ the King School. Thi$ usually sees a number of trainees placed al the school each year and most of these retum to the state sector as newly qualified teachers. Our Extemal Relation$ Secretary is currenuy a govemor at a Ic¢al primary school., Our Head of Marketing is on the Royal Ocean Race Club committee and is a Cowes Harbour CommissKJner and our Head of Pa51oral ¢are is the vice-chair of the Isle of Wight Children's Safeguarding Edu¢alion sub-group which meets half-temly lo discuss action plans, audits and strategies. Our Assistanl Head {Academicl is a guest lecturer at Southampton University. The Head Master is a govemor at ￿ mainland schools, and a history teacher volunleers al the Island's CCF and is a govemor at a further mainland school. The Deputy Head is an ISI inspector. Charitable lunthraising The school raises a large amount of money each year for UK charities. Last year this was lower than usual sin fundrai$ing events were curtailed by the pandemic, but this still tolalled £8,357. The main recipients of this were the schools nominated charities". Hampshire & Isle of Wi9ht Air Ambulance." Ghanalink. Red Nose Day- Wight Brainy Bunch,. Cancer Youth Trust". MIND.. IW F￿dbank and Age UK IW. In additi¢￿ lo money raised formally through school fundraising. a numter of our pupits have Carried ¢)ut Iheir own fundraising initiatives wh￿h have been supported by the Sch￿1.

RYDE SCHOOL REPORT OF THE GOVERNORS {Continued} 3.3 Perfomiance and Delivery olcharitable Objectives School Numbers At the start of the academic year 2020f21, the School had 735 pupils. 527 in the Senior School. 134 in the Junior School, 74 in Fiveways. These nurnbets indude 48 1)oarders. Academic and Educatlonal Experlence For the second year in a row eXaMinat￿n results were awarded differenvy as a result of assessment changes in response to the Pandemic. Primarily these vRre based on teacher assessed grades, at least al A Level and GCSE, with the IB and IGCSE adopting a similar but not identical approach. The School took great care to ensure results were awarded in a fair and Iransparent manner and it was especially pleasing that in the final instance only three grades were appealed out of the hundreds awarded and none were changed by extemal bodies. It was with relative ease that the School was able to reinstate Virtual@Ryde online leaming from January 2021 to manage the Government imposed lockdown and as we continued wth all knns as well as pastoral and extra<urricvlar activities we were confident that our tracking and assessment was sufficienuy robust lo ensure grades awarded were accurate. In the summer lem we awarded regular Wor1(ing at Grades so pupls and parents were aware of where they were heading and many were able to tske coffecbve steps. The results achieved were excellent at all leveLs. At GCSE. the percentage of 918 grades was al an all-tsme high of 36% 131% the previous year} with 57% of all grades at 7 or above cornpared lo a national figure of 28.5%. In English Language more than half the grades were at 7 or above again 1560k compared to 22.3% nationally) and in Maths 57Qk compared to 20.8Yc nalionally. We were especially pleased that every pupil passed English and Math$ at Grade 4 or above and the number of pupils getting the E8acc, and so demonstrating a real breadth of achievement. increased from 64% 10 87%. In the key measure of the number of pupils getting five of more grades 94 including Maths and English was achieved an impressive 98.8¥• success rate. There were a good number of stand-out individual performances this year with 20 ach￿ving 8 or 9 in more than seven subjects and girls each gaining ten grade 9s At Post 16 the combined A Level and IB results prcxfjuced an average UCAS points per pupil score of 162.7 and in the IBDP our average points per pupil was 37.3 though that is based on a small sample. The School continues to run suceessfully three distinel academic routes through the 6 fomi to alk)w us to cater to the diverse abilities and aspirations of our student bcxjy. Our A Level students secured their best results ever with 26.14Vo of gfades at A" and 58% at A"IA and there were several individually impressNe performances worthy of note whilst at BTEC more than a Ihird of students got the top grade of D-D. including every one of the Business candidates. The vast majority went to their first Choi￿ of university but we also saw students leaving for degree apprenticeships, GAP years and a s￿nIficant number for Careers in the servi￿. fulfilling from the slart the values of the School motto, Ut Prosim. In the Junlor S¢hool and Years 7 & 8 value added is measured using results from annual assessments GL Assessment in English, Mathematics and biannual tests in Cognitive Ability. In both subjects, results are above nats'onal expectations and attainment relative to abilty is also positive. Additional lessons in English and Maths were intr(xJuced in Year 7 as a temporary arrangement lo help with any necessary catch up ￿ultIng fr¢)m lockdowns but otherwise the curriculum has remained largely unaf(ered over Lockdown. The Prep section (years 3-6) has though significanuy revised the curriculum to make for a more Enquiry based leaming style and all pupils there now work from Chrometo)ks. Mandarin has also been introduced to complement the Spanish teaching there. The School was inspected by ISI in January 2018. This compliance inspection found the School to be compliant in all areas. The report is published in full on the School website. In September 2020 the School was ￿nfir[ned as a Round Square school after spending the previous year as a candidate school. We have been eonfinned as co-hosts wf(h three other independent schools of the 2022 Round Square Inlernatsonal Conference. the first since 2019. This membership. l&Jether with IAPS, HMC. PSB and IB provide for excellent peer engagement and informal profess￿nal development 10

RYDE SCHOOL REPORT OF THE GOVERNORS (Contlnued) 3.4 Links with parents The School provides g￿d links wilh parents,. they are wethme lo attend many Schwl events and even with the COVID challenge parents were able to support sports matches in the autumn and summer tems and some outdwr concerts, plays and prrI￿Ning5. There are frequent parents, evenings and regular reports. Further contact is provided through Parents Liaison Forums meet temily and hold one open meeting per year. These meetings were held remotely when necessary and parental feedback suggests some will continue to be remote going fofward., this is particularly wetomed by our l)oarders' parents. The School runs the Ryde Connection to maintsin links with and amongst current and fomier friends and pupils from Ryde. Upper Chine and Bembridge schools. The School has a parentsl portal giving parents direct access to information about their child and this was s*JnrfIcan￿Y improved in 2021 with the introductson of new technology that also includes a daily ¢ommuni¢ats"on update. Parents get a handbook annually and a termly calendar with key dates and contacts and can contact staff directly via phone or email. The School has also continued te run parent seminars to work with parents on key issues where home and school cooperation matters. Seminars have included sessions on revision. coaching. L¥)dy image and social media. A specrfic consultation was undertaken on the introduction of the new RSE curriculum_ A weekty newsletter is published to keep parents abreast of the main a¢tivities taking pla￿ in the school with dedicated sectsons for each part of the School. The S¢hool has run an annual survey for parents. staff and pupils to assess progress and identsfy areas for development in the last three years and is now able to chart trends in concems. Two surveys We￿ hekl during lockdown to determine the quality of delivery and these revealed very high levels of satisfath.on compared to national data. During lockdown the School moved quickly to new forms of cc¥nmunTcation parents. The Head Master and key stsff have continued lo hosted regular on-line forums though the more social events waned in the second year of the. pandemic. The Head of Fiveways spoke to every parent individually to discuss their child's prcgress and needs during the third national lockdown. A new email. urgent@rydeschool nel was introduced to specifically allow for direct and urgent communi￿tt"¢n over COVID ¢oncems and a Living with COVID handbook has been in existen¢e for over a year with new updates emailed to parents with highlighted chaThJes to reflect changes in government guidance. 3.5 Financlal Revlew and Results for the Year The overall surplus for the year was of £833k 12020." defficTI £598kl. The overall surplus before gains in investments was £459k 12020.. deficit £224k before losses in investments)- As anticipated in the annual report and aecounts last year, the School retumed to an operating surplus for the 2020121 finanaal year and antieipates an operating surplus in 2021r22 and beyond. Based on these forecasts and the ability to call upon funds held within the EDF fund. Governors believe the School will be able to conb'nue to operate within its existing facilities for the foreseeable future. Fee increases are dictated by the School's budget. which influenced by increases in teaching salaries and inflation as well as wider influences such as the COVID-19 pandemi¢. The School educabonal surplus includes £112.859 from the EDF fund towards its bursarial awards-, this contribution is equivalenl to 1.25Vo of fees. Notwithstanding the COVID-19 pandernic, the Sch¢)ol Cornpleled the building of the new onsite boarding house wh￿h was opened in Summer 2021 half lem. In order to part ffinance the construction, durin9 the year the School drew down on the remaining £3.2m of its £4.5m banking facFlity wth HSBC meaning rt was fully drawn at the end of the year. 3.6 Investment Porfonnance and Policy The School had unrealised gains of £357k {2020." loss of £330k) from the revaluation of investrnents. Cazenove, the School's investment managers operate a multi-asset unrt trust Charitab￿ fund for its charitable clients. The School ￿ntinueS to rnaintain it5 cautw)us inveslrnenl policy. The Governors. investment obiecbve is to optwnise growth so that in¢ome from the fund in the fvture ¢an fvlly fund its bursary awards. The Finance and General Purposes Committee reviews investment perfomance in depth annually.

RYDE SCHOOL REPORT OF THE GOVERNORS {Conllnued 3.7 Reseryes and Resource The School has operated a strateg￿ Financial Plan for several years enabling a forecast of both surplus and cash flow to be made over the foreseeable future. This combined wilh ils review of risks and ils published Development Plan enables the Governors to operate within the S¢hool'$ banking facilit￿$ and to provide for ongoing development. The School's unrestrKted reserves stsnd al £16.6m (2020.. £15.8m). The Governorfs consider that the Sch￿1 should retain approximately 6 months. expenditure in free reserves. The charity's free reseNes represent total unrestricted reserves adjusted for tangible.fixed assets. current assets (excluding cashl. current liabilib.es and bank loans and arnounts to £4.Om. This is principally held within the Edu¢*tonal Development Fund of £4.3m. The unrestricted funds are split lo reflecl the Govemors. current policy and distinguish betsveen those held for contingency and the day to day running of the School. The assets of the School are adequate for its current obligations and are principally represented by the School's investment in tts tangible fixed assets and fixed asset investments. 3.8 Rlsk Manapmènt The Board of Governors is ultimately responsible for the management of risks faced by the School. The principal risk the School faces is the retenlH?n and recruitment of pupils. which it takes a variety of targeted measures to mitigate. The operational risks are monito￿d by the Board but assessed by the Headmaster. Bursar and the Sen￿{ Management Team. The results of the risk management procedures operated by the School Exe¢utive are regularly reporteij to the Board. In addition, the Board carries out an annual overview of risk assessment and reviews chikj protection policies and the effectNeness of their application. The key controls in place are: formal agendas for all Committee and Board meetings" detailed terms of reference for Committees. comprehensive development and finanLial strategy" clear organiSat￿nal structure and lines of reF#)rting" formal written policies.. fomal investment poliey", clear authorisab.on and approval leveLs- vetting procedures as required by law. comprehensive insurance cover.. statutory thild protsction proceduo$'. and regular appraisal of performance and appropriate training. The S¢hool has adopted a recommended risks assessment prc¢edure to assess and address risks to the charity in which the whole Goveming body ￿ a part￿1PanI annually. The Govemors, poI￿Y is to put in place measures lo minimise the effect of any risks so assessed. The School has an effective Health and Safely Committee on which Mr Weeks 5its as a designated Govemor The Commrttee is chaired by the Bursar and ils minutes are reviewed regularly by the Finance and General Purposes Commtitee and the Board 3.9 Future Plans The School's Mission Statement and Strategic Objeclives for 2021 and beyond, devekiped by both the Senior Managemenl Team and the Board. encompasses Ihe frJttJre plans for the Schwl and can be viewed on the School website- www.rydeschool.org.uk. This is reviewed annually each summer tenn. The Sch¢)ol 15 aware that private education is proving increasingly expensive for parents and strives to provide the best possible value combined viith excellence in educatb)n and pastoral care. 12

RYDE SCHOOL REPORT OF THE GOVERNORS {Continued) 3.10 Fundraislng activities The school does not currenuy engage in any active fundfaising and as such has received no complaints in relation to any fundraising actr"vrties over the course of the 2020121 year. 4. Governors Statement of Governors. Responsi￿1111¢$ lor th• Flnanclal Statoments The Govemors are responsible for weparing the Annual Report and the financial statements in accordance with the CoMpan￿S Act 2006 and for being satisfied thal the finanual statements give a true and fair view. The Govemors are also responsible for preparing the financial statements in accordance with United Kingdom Accounts'ng Standards (United ￿.￿gdoM Generally Accepted Accounting Practice). Company law requires the Governors to prepare financial stslements for each financial year which give a true and fair wew of the state of affairs of the charity and of the incoming resources 2nd application of resources of the charity for that period. In preparing these finanoal statements. the Govemors are required to: select suitable accountsng wlicies and apply them ¢onsstently" make judgernents and estsrnates that are reasonable and prudent., prepare the financial ststemenls on the going concem basis unless it 1$ inapproprrate to P￿urne that the charity will continue to operate., and state whether applicable accounting slandards have been followed. subject to any material departures dis¢losed and explained in the finanaal statements. The Governors are responsible for keeping prO￿r accounting records that show and explain the charity's transactions, disclose with reasonable accuracy al any ts.me the financial posrtion of the charity and enab￿ them to ensure that the financial stslements comply wtth Ihe Companies A¢1 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and delects'on of fraud and other irregulairties. 5. Auditor A resolution to ￿aPpoInt BDO LLP will be proposed at the Schcol's Annual General Meeting. 5.1 Statem•nt•$ to Disclosu￿ ollnfomiatlon to Ihe Audltor So far as the Govemors are aware, there is no relevant audrt infomiation of wh￿b the charitys audrtor is unawa and each Governor has taken all the steps that he or she ought to have tsken as a Governor in ordei to make himself or herself aware of any le￿Want audit information and to eslablish that the charity's auditor is aware of that inform81ion. This ￿port has been prepared in ac¢ordan¢e the Statement of Recommended Practu - Accounting and Reporting by Charities and in accordance with the Companies Acl 2006. On beh￿f theG nors Professor C.C. Lees Governor Date. 11" March 2022 13

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RYDE SCHOOL Opinion on tho financial ststements In our opinion. the financial statements- give a true and fair view of the stste of the Charrtable Company's affairs as at 31 August 2021 and of its in￿ming resources and application of resources for the year then ended. have been propedy prepared in accordance with United Kingdom Generally Accepted Accounb'ng Practice; and have been prepared in a¢¢ordan¢e with the requirements of the Compan￿$ A¢1 20￿. We have audited the financial ststements of Ryde School rthe Charitable Company'l for the year ended 31 August 2021 wh￿h comprise the statement of finanual a¢b"vibes, the balan¢e sheet, U7e stslement of tssh flows and notes to the accounts. including a summary of SKJntfieanl accounting policies. The financial reporting framework that has been applied in theif preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Stsndard 102 The Finan￿81 Reports"ng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally AC￿pted Accounting practi￿}. Basls for oplnlon We conducted our audit in accordance with Intemational Siandards on Auditing IUKI IISAS {UlQ) and applicable law_ Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit of the financial statements se¢tJon of our report. We believe that the audit eviden¢e we have obtained 1$ sufficient and appropriate to provide a basis for our opinion. Indgpendence We remain independent of the Charitable Company in accordance wth the ethical requirements that are relevant to our audit of the financial statements in the UK, induding the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilits.es in accordance wilh these requirements. Conclusions related to golng concern In auditing the ffnancial slalemenls. we have concluded that the GovemoTS' use of the going concem basis ol accounting in the preparation of the financial sLitements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating lo events or Conditions that, individually or colle¢tively. may ¢ast sKJniftsnl doubt on the Charitable Company's ability to continue as a going concem for a period of at least tsvelve months from when the ffinancial siatemenls are authorised for issue. Our responsibilities and the responsibilii*s of tt)e Govemors wtth respect to going concem are described in the relevant sections of this report. Other Infom)atlon The Governors are responsible for the other information. The other informab'orb comprises the information included in the Annual Report. other than the financial ststements and our auditor's report thereon. The other information comprises the Report of the Governors. Our opinion on the financk31 stslements does not cover the other information and, eX￿p1 to the extent othemse expluyy stated in our report. we do not express any form of assurance conclusion thereon. Our responsibilty ￿ to read the other inforTnation and, in doing so, consider whether the other information is materially inconsistent with the financial ststements, or our knowledge obtained in the course of the audit. or otherwise apFears lo be materially misstated. If we identify such material in¢onsislencies or apparent material misstslements. we are required lo detennine whether this gives rise to material mi55talernenl in the financial staternenls themselves. If, based on the work we have perforned, we conclude that there is a malerial misstatement of this other infomation. we are required to report that fact. We have nothing to report in this regard. 14

INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF RYDE SCHOOL Other Companies A¢t 2006 reporting In our opinion. based on the work undertaken in the course of the aLKliL' the information given in the Report of Ihe Govemors. which includes the Directors. Report and the Strategic report prepareé for the purposes of Company Law. for the financial year for which the financial statements are prepared is consistent with the financial ststements." and the Strategi¢ Report and the Directors. Rewrt. which are included in the ReFQrt of the (>)vernors, have been piepared in accordance with aPpI￿able legal requirements. In the light of the knowledge and understanding of the Charitable Company and its environment obtained in the course of the audit, we have not idents"fEd material mi5Staternent in the Govemors, report. We have nothing to report in respect of the following matters in rel?￿n to which the Companies Act 2006 requires us to report to you if. in our ¢¥inion- adequate accounting records have not been kept or retums adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement the accounts'ng records and retums.. or ertain disclosures of Directors. remuneral￿n specffied by law are nol made". or we have not received all the infomiation and explanations we require for our audit. ResponslbllRles of Governors As explained more fvlly in the Slatemenl of Govemors. Responsibilities for the financial slalemenls. the Governors (who are also the directors of the eharilable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they gsve a true and fair view, and for such intemal control as the Govemors determine is necessary to enable the preparation of financial stslemersts that are free from matefial misslatemenl. whether due to fraud or error. In preparing the financial statements. the Governors are responsible for assessing the Charitsble Company's ability lo continue as a going concern. disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the Govemors either intend to liquidate the Charitable Company or to cease operations, or have no realistic allemab.ve but to do $0. Audlto¢s responslblllties for the audit of the finan¢i•l ststements We have been appointed as auditor under the Companies Acl 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtsin reasonable assurance about whether the financial statements as a whole are free from material misstalemenl, whether due to fraud or error, and to issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audrt conducted in accordance with ISAS (UK} will always delect a material misstatement when il exists. Misstatements can arise from fraud or eiror and are considered material if. individually or in the aggregate, they could reasonably be expecletj to influence the economic decisions of u5efS taken on the basis of these financial statements. Extent to whKh the audit was capable of dete¢tsng iffegularifies. induding fraud Irregularities, including fraud. are instsnces of non-compliance wrth Laws and regulations. We design procedures in line with our responsibilities. outlined atove, io detect material misstatement5 in respect of irregularities, including fraud. The extent lo which our procedu￿$ ￿ Capable of detecting irregularities, i￿luding fraud is detailed below.. We considered those laws and regulations that have a direct impact on the financial staternenls. such as the Companies Acl 2006 and Charities Act 2011. We evaluated managernenfs incents"ve5 and ¢)PPOrtunities for 15

INDEPENDEKf AUDrrc¥irs REPORT TO THE MEMBERS OF RYDE SCHOOL fraudulent manipulation of the financial statements (indtrding the risk of ove￿Ide of contro15) and determined that the principal risks werè relateil to lnapy0F￿attlournal entrEs to manipulate financial results. prrTrdU￿S performed by the audiitean inctuded". Discusgons with management and those rtharyed with govemwKe regarding consJeration of known or 8USP8cled instances of non-￿￿'anCe th laws and regulatiThis and fraud. Obtsinwig an understanding of controls desh3ned to wevent and detert iffegularities, induding speclfic consideration of controls and accounting pcAKies relating to ggnifieant xcountro esb"mates: Revw4ry minutes trom finan¢e and general purpose ccffirnfftee meetings for evidence of any fraud or rThi-rXJMp(ian￿ with lawts aThJ regulation$" Communicatsng ￿￿Vant laws and regulat￿n$ and Kotenb"al fraud risks to all engagement team members and ￿mainIng alert to any indicatJns ot fraud or rKJn•compliarTh with laws and regulati¢)ns thrc¢ughout the audit and Assessing ioumal ffitries as part of pnnéd audit approxh, with a Parts￿lar fwus on journals entries to key ffiancial statement areas. Our audit procedures were designed to respond to risks of material misstatement in the financial statements. cognising that the risk of not detecting a materol mtsststerrnt due to fr8ud higher than the risk of nol detecting one resutting from error. as fraud may involve deliberate ￿n￿alment by, for example. forgery. misrepresentattons or through collusion. There are inherent limitatiDns in the audit procedures pertormed and the further removed non-compliance ￿th laws and regulaiKJns is from the events and transactions reflected in the financial statements. the less likely ￿ are to become ￿re of IL A fvrthor description of Lwr ￿SponSIbl￿tieS for the audrt of the financial slatemenls 1$ located at the Financial Reporting Counol's I'FRC'S") website at hlt s..Il￿.frc.Q .uklaudrtotsres nsibililies. This desen"ptKY¢ form5 part of Our audrtofs reFort. Use of ¢)ur report This reFQrt ts made soldy lo ihe Charitable c￿￿pan￿S members, a$ a bW, in accor¢Jance with Chapter 3 of Part 16 of the Compan*s Acl 2(￿￿. Our audit work has been urmlertaken so that we rn￿h1 state to the Charitab Company's members Ihose matters we are required ID slate to them in an audilorfs report and for no other purpose. To the fijllest extent permrtled by kw. we do not accept or assume resronsibility to anyone other than the Charitable Company and the Charilabl8 Company's mwnbers as a ￿y. for our audit work, for Ihis ￿port, or for the opinions we have fomied. David I'Anson (Senior Statutory Auditor) For and on behawof BDO LLP, slatulory auditty Southampton Date 16 March 2022 BDO LLP 15 a limited liability Partne￿hIp regi5t¥ed in E￿land an(t Wath Iwth registe￿ number OC305127}. 16

RYDE SCHOOL STATEMENT OF FINANCIAL ACTIWtIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNn FOR THE YEAR ENDED 31ST AUGUST 2021 Unrestricted Unrestricted General Designated RKtrlcted Fund Funds Funds Total 2021 Total 2020 Income Irom: Donations Charitable activilie$-. Fees receivable Other educational income Other trading activities Investments Other Income 74.590 74,590 8.307 9,010.853 180,426 38.887 9,010,853 8,318.139 180,426 200.596 38.887 15,129 134.695 126.605 97.598 10 134.695 97.598 Total Income 9,327.764 134,695 74.590 9,537.049 8,668.776 Expendltufe on: Raising funds Charitable activities Gross of furlough 8.548 8,548 9,289 9,069.828 8.883.720 97.598 388,318 9,050.859 97.598 18.969 Total expendlture 9,148.457 8.548 18.969 9,175.974 9,281,327 Net in¢omel{expendrturel be￿e gains on investments 179.307 126.147 55.621 361.075 1612.551 } other income 97.598 97.598 388.318 Net gainsl{losses} on investments and Sa￿ of assets 16.916 357.320 374.236 (374.005} Net Incomellexpendlture) 293.821 483.467 55.621 832.909 {598,2381 Transfers between funds 15 112.859 {112.859) Net movement In funds for tho year 406.680 370.608 55.621 832.909 {598,2381 Reconciliation of fvnds: Total funds brought forward 11.906.428 3.892.335 91.472 15,890.235 16,488.473 Total funds ca￿led forward 12,313.108 4.262,943 147.093 16,723.144 15,890.235 All of the Charity's activit￿ in the ab)ve two ffinancol years a￿ derived from ¢onbnuing operat￿n$. All gains and losses recognised in the year are induded above. The r￿leS on pages 20 to 33 fom part of these accounts 17

RYDE SCHOOL BALANCE SHEET AT 31ST AUGUST 2021 Notes 2021 2020 Fixed A680ts Tangible fixed assets Investments 21.383.593 3.642.C67 17,484,634 2,784,746 10 25.025.660 20,269,380 Current Assets stock Debtors Cash at bank and in hand 11,320 383,620 544.758 10,122 315,634 1,249.191 11 939.698 1,574,947 Liabilities Creditors falling due wrthin one year 12 (3.031.315) 12,420,390} Net Curr¢nl Liabilities (2.091.617) {845,443} Totsl Assety less Current Llabillties Creditors falling due after one year 22.921.690 19,423.937 13 (6.210.898) 13,533,702} NET ASSETS 16,723.144 15,890,235 The funds of the charity Unr•stricted In¢ome Funds Designated Educational Development Fund General funds 4,262,943 12,313.108 3,892.335 11,906.428 Total Unrestrict•d Funds 15 16,576,051 15,798,763 Restrlcted Income Fund8 15 147.093 91.472 TOTAL FUNDS 16,723.144 15,890,235 Th tements We￿ approved by the Board of Govemors and authorised for issue on Professor C.C. Lees Governor Date. 11" March 2022 Company Number.. 432077 The notes on pages 20 10 33 fomi part of these accounts 18

RYDE SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST AUGUST 2021 Notes 2021 2020 Net cash Inflow from operating actNltles 1,824,698 738,288 Cash flows from investing activities Dividends, interest and rents from investments (134,695) 1126,6051 Purchase of tangible fixed assets Purchase of investments Cash realised from sales of investrnents 14.581.695) (500.000) {2.521.2061 {1,250,0001 2,001,524 Net cash used in investing a¢tivitios 15.216.390) {1.896,2871 Cash flows from financin9 aclivities Repayment of borrowing Repayment of rnortgage New borrowngs 152,987) {275.290) 3.015,534 1278,4291 (106,8961 1,284,466 Net cash provided by financlng act5vltles 2,687.257 899.141 (Decrease) in cash and cash equlvalents In the reportlng period {704,434) 1258,8581 Cash and cash equivalents at the beginning of the reporting perlod 1.249.191 1.508.048 C•$h and cash equivalents at the end of the reporting period 544.758 1,249.191 The notes on pages 20 to 33 form part of these accounts 19

RYDE SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2021 Accounting Policies Ryde Schcol is incorporated in England and Waks as a company limTted by guarantee not having share capital. There are ¢urrenlly 14 govemors who are also members of the company. Each member has undertaken to conlribule to the assets in the evenl of a wnding up a sum not exceeding £1. Ryde School is a registered charity. The registered office is given on page 2. The principal accountin9 policies adopted. judgements and key sources of estimation uncertainty in the preparation of the finanoal statements are as follows.. Basis of Preparation The financial statements have been prepared under the hiStOr￿al cost convention. in accordance with Accounting and Reporting by Charities: Statement of Recommended Pra¢b"ce appli¢able to ¢harttie$ preparing their account5 in accordano with the Financial Repo￿.n9 Stsndard applicable in the UK and Republic of Ireland (FRS 102) leffectNe 1 January 2019): and the Companies Act 2006. Ryde Sthool meets the definIt￿n of a publt benefft entity under FRS 102. Group financial statements The financial statements show the resurts of the parent entity alone and have not consolidated the results of the subsidiary undertaking on the grounds of materiality. Praparation of the accounts on a wng concem baws In preparing the financial stslements on Ihe going concem basis the Goveinors have prepared financial forecasts for the financial periods ending 31stAugust 2026 taking into a¢countprineipalrisks and uncerlaintie5 affecting the School's operations. including those arising from the COVID-19 pandemic. Although the COVID-19 pandern￿ dKI have a signtficant imp&t on the School's financial performance in the prevKtrUS financial year. the Schwl saw a return to an operabng surplus for the financial period to 31 August 2021 and a further surplus is anb"cipated for the 2021122 financial year and beyond. Based on these forecasts and the ability to call upon funds held wthin the EDF fund. Govemors believe the School will be able to continue to OFerate within its existing fxillt￿S for the foreseeable future. Accordingly the Govemors have concluded that there are no material uncertainties about the School's ability to continue as a going concern and consider it appropriate to continue to prepare the financial statement5 on this basi$. Incoming Rosources Fees receivable and charges for ser4us and use of premises are accounted for in the period in which the service is provided. Fees receivable are stated after deductsng allowanos and bursaries. Interest on funds held on depostl is included when receivable and the amount can be measured reliably by the charity,. this is nomalty upon notrficab.on of the interest paKI or payable by the bank. Dividends are recognised once the dividend has been declared and notification has teen received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of the investment portfolio. Grants and donalions are recovered when the school is entitled to the income, rt can be measured reliably and rt is probable it will be received. 20

RYDE SCHOOL NOTES TO THE ACCOUNTS Icontlnu¢d FOR THE YEAR ENDED 31ST AUGUST 2021 Resources Exp•nded Expenditure is accounted for on an accruals basis. Costs of generaling funds are those costs incurred in attracting voluntary income and investment management fees incurred as a result of maintaining the Sthool's investrnent portfolio value. Charitable activities include expendrture associated with the proVis￿n of educational services, including boarding lacilities. and include both the direct costs and sUp￿rt costs relating to those activities. Governance costs include those incurred in the govemance of the School and its assets and a primarily associated Wbth conststutional and statutory requirements and are allocated to charitable activities. Support costs include central fvnction5 and these are all￿ated to resources based on activity. Tangible Flxed Assets Individual fixed a$5ets cosb'ng £500 or more are capilalised at ¢osL Tangible fixed assels are stated in the balance sheel at cost less depreciation on a straight line basis at the following annual rates.. Freehold land Freehold buildings Furniture, equipment and ma¢hinery Motor vehicles 10%- 33% 25% Tr•n$ferb•lween Funds A transfer is made behveen the general unrestricted funds and the Educats'onal Development Fund lo finance bursaries and sehoL8rships. Investments Investments are staled at their market value. The value of unit trusts is the closing quoted market price. The $latement of finan￿al ath"vities includes the net gains and losses arising on revaluation and disposals throughout the year. Investrnents in sUbS￿larieS are ststed at cost tess any provision for impairment PenSi(￿S The School contributes to the Teachers. Pension Defined 8enefft Scheme at rates set by the Scheme Actuary_ The Scheme is a multi*mployer Fension scheme and it is not possible to identify the assets and liabilities of the Scheme which are attributsble lo the School. The scheme 15 a￿oUnted for as a defined contribution scheme. The School also operates defined contribubon schernes for certain non4eaching staff. Contributions io both schemes are charged to the Statement of Financial Activities as they become payable in a￿Ordance with the rule$ ofthe schemes. Stocks Stocks are valued at the l¢)wer of cost and net realisable value. Debto Debtors are measured on initial recognition at settlery￿nt amount after any trade discounts. 21

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2021 Cash at bank and in hand Ca$h at bank and cash in hand includes cash and short temi highly liquid investrnenls with a short maturty of three months or less from the date of acquisiti'on or opening of the deposit or similar account. Cash holdings within the investment portfol￿ are therefore fecognised as cash at bank and in hand on the balance sheet. Cr•ditors Liabilities are recognised where it is more likely than nol that there is a legal or conslruclive obligation committing the charity to pay out iesources arKI the amount of the obligation Can be measured with reasonable certainty. raxadon Ryde School. as a registered charity, is exempt from Corporabon Tax under Chapter 3 of Part 11 to the Corporation Tax Aet 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that surpluses are applied to ils charitable purposes. Flnanclal Ins¢wments Basic financial instruments are Inrt￿lIY recognised at tranwtion value and subsequendy measured at their settlement value. The school has entered into an interest rate swap agreement regards to the bank loan to offset the impact of rising interest fates. The arrangement is measured at fair value and the asset or liabilrty is recognised on the balance sheet. Changes in fair value are reported through ihe Statement of Financial Activities. The bank loan is accounted for at amortised cosL Operating leases Rentals payable under operating leases are eX￿nSed on a strawht line basis over the lease term. Fund accountlng Restricted funds are those whth must be applied in accordance wrth the purpose spe¢ified by the donor. Expenditure relating to these pu￿SeS is therefore charged directly to the fund. The unreslrthd income funds comprise those funds whth the Govemrs are free to use for any purpose in furtherance of the charitable objects. Such funds include desvJnaled funds where the Governors, al their discretion. have created a fund for a Specif￿ purpose. Transfers of funds betsveen general unrestr￿ed funds and designated funds are approved by the Governors. Judgements in applying accounting pollcies and key sourcgs of esfyinati<￿ uncertalnty In preparing these financial ststemenls. the govemors have considered the following foms of estimation uncertainty.. Fixed assets Residual value of assets. Economic lives of assets. Debtors Impaiment of debtors are assessed to idents'fy nel recoverable amounis. Swap Underfying di$￿Unt rate$ when undertaking the fair value of the interest rate swap.

RYDE SCHOOL NOTES TO THE ACCOUNTS (¢¢Mrtinu•d) FOR THE YEAR ENDED 31ST AUGUST 2021 2. Fees Recelvable 2021 2020 Fees Receivable Less." Scholarships and Bursaries 9,802.991 1792,138} 8.874,746 1556,607) 9.010,853 8.318.139 Net Incomlng Resources for the year ThÈs is stated after Charging. 2021 2020 Auditor's remuneration Depreciation- owned assets Operating lease ￿nI¥l$- equipment 15,450 682.736 100.496 1 S,000 680,230 50,315 Other Income 2021 2020 Other Educatlonal Charitable Aclivities Site sub-letting Holiday school 170.500 9.926 190,546 10,050 180.426 200,596 Other trading income Insurance commissK*ns etc. Sundry 19,646 19.241 9,000 6,129 38.887 15,129 Furlough Incom• 97,598 388,318 Charitable actlvllles 2021 2021 2021 2Q21 Total 2020 Totsl Gtn¢ral Design4t Fund Fund Fund Charltable actlvllles Staff ¢o$ts Gross of furlough Other direct costs Depreciation Bank and loan interest {see note 7) Support cost Governance costs Raising Funds Total 5.899.982 97.598 1.340,931 682,736 90.451 1.035,983 776 5.899.982 97.598 18.969 1.359.900 682,736 90.451 1.035.983 776 8.548 18,969 9,175,974 5.623,612 388,318 1,236,354 680,230 214,461 1.125,932 3,131 9,289 9,281,327 8.548 8,548 9.148.457 The governors consider the charity lo have a single Charitab￿ activity. the provision of education services. 23

RYDE SCHOOL NOTES TO THE ACCOUNTS (conllnuedl FOR THE YEAR ENDED 31ST AUGUST 2021 Analysis of support and govemance costs 2021 Total 2020 Total Support Governance costs Staff costs Other 634.074 401.909 634.074 402.685 603,706 525.357 776 1.035.983 776 1.036.759 1.129.063 Interest Payable 2021 2020 Bank interest Bank loans Mortgage interest Swap liability 2,000 75.465 12.986 1,819 41,733 17.622 153,287 90.451 214.461 Employees 2021 2020 Staff costs during the year. Wages antJ salaries Social Security Pension costs 5.147.371 511,822 883,285 4.819,137 505,191 902,990 6,542,478 6,227,318 The average number of employees of the Schwl was as folb)ws: 2021 2020 Teaching staff Catering, cleaning and maintenance staff Adminislralion staff Support staff 101 105 52 18 14 18 11 186 189 The numter of employees whose emoluments exceeded £60.000 were.. 2021 2020 £60.000- £69,999 £70.000- £79,999 £80,000- £89,999 £90,000 - £99.999 £100.000 + No remuneration or beneffts were paid to any Govemor during 2021 or 2020. During the year Govemors incurred and reclaimed travel expenses of £766 12020". £1.5041. Govemots are indemnified under the School's publ￿ liabilily policy the overall premium forwhich costs £1.47512020'. £1.473). Key management personnel The aggregate amount of employee benefits paid to key management personnel was £593.344 {2020: £542,560)

RYDE SCHOOL NOTES TO THE ACCOUNTS Icontinuedl FOR THE YEAR ENDED 31ST AUGUST 2021 Tangible Fixed Assets Frnfrhold Furnilure. Land & Equipment Buildlngs & Machlnery Motor Vehlcles Total Cost At 1 st September 2020 Additions 21,327,278 4.323.811 S,193,262 257.890 60.401 26.580,941 4.581,701 At 31st August 2021 2S,651.089 S,451.152 60,401 31.162,642 Depreclatlon Al 1st September 2020 Provided during year 5,095,915 377.314 3,954,210 295.642 46.182 9.786 9,096,307 682.742 At31stAugust2021 5,473.229 4,249.852 55,968 9,779,049 Net Book Value At 31st August 2021 20,177,860 1,201.301 4,433 21,383,593 Al 31stAugust 2020 16,231,363 1,239,052 14,219 17.484,634 Included in the figure lor freehold land and buildings ts freehold land of £1.760.000 {2020'. £1,760,000) which has not been depreciated. 10. Fixed A$$91 Invoslrnents 2021 2020 Qyoted lat market v•lue UK listed unil trust 3,641.967 2,784,646 3,641.967 2,784,646 2021 2020 Investmenl In Subsidiary 100 100 Ryde School ConstnKtion Limited is 100% owned subsidiary (Company number. 10513227}. The subsidiary is being used to undertake a new boarding house devebpmenl on the Ryde Schcol site. The subsidiary has not been consolhlated as rt is not deemed material to the group. The subsidiary's registered address is Ryde School, 7 Queens Road. Ryde, Isle ofWighL P033 3BE. 25

RYDE SCHOOL NOTES TO THE ACCOUNTS (conllnued) FOR THE YEAR ENDED 31ST AUGUST 2021 10. Fixed Asset Investments qcontlnued) 2021 2020 Movement in year At 1st September 2020 Acquisitions at cost Net profiU(loss) on revaluation 2,784,647 500,0 357.320 3,866,344 1751,5241 (330,1731 At 31 st August 2021 3,641,967 2,784,647 The unit trust fund 1$ invested solely in the Schroder Multi-asset unit tru$l fund. Investment income is derived from. 2021 2020 UK listed unit trust Rent receivable UK bank and other inlerest 134,677 122,617 18 3.988 134,695 126.605 11. Debtors 2021 2020 Fee accounts Other debtor$ Prepayments 213.441 3,210 166,969 221,060 3.352 91.222 383,620 315,634 12. Credltors: Amounts Falling Due Wlthin One Year 2021 2020 First Debenture Loans 5.5% Mortgage Bank loans Trade creditors Accruals Social Security and other taxes Fees received in advance Other creditors Interest rate swap- new Interest rate swap- old 950 69,999 476,717 142,664 205,147 137,594 1,467,711 506,954 23.579 950 69,999 298,050 148,851 221,398 127.550 1,037,054 497,794 12,154 6.591 3,031,315 2,420,390 The debenture loans are redeemable al the option of the company on giving three months. notice. Fees in advance represent fees receNed in advance of 31 Augusl each year for the Autumn temi and beyond, which commences in September. 26

RYDE SCHOOL NOTES TO THE ACCOUNTS Icontinu8d) FOR THE YEAR ENDED 31ST AUGUST 2021 13. Creditors: amounts falling dtse after more than one year 2021 2020 Bank loans Mortgage 5.424.016 663.338 2,659,632 733,336 6,087,354 3,392,968 Interest rate swap 123.544 140.733 6.210.898 3.533.701 Due wlthin one year An analysis of the maturity of loans is given bekjw: 2021 2020 Amounts falling due within one year or on demand: Bank loans Mortgage 476.717 69.999 298,050 69.999 546.716 368,049 Due In more than one year Due in rnore than one year but not more than ttvo Due in more than years but not more than fve Due more than five years 551.428 2,122.582 3,413,346 568,048 1,704.145 1.120,376 6,087,356 3.392.569 The bank loans and mortgage are se¢ured on the S¢hool'$ p￿miseS in Ryde and Bembridge and a fixed and floating charge ovei all assets of the Schwl. Interest is being Charged at 1.590A plus base rate. 14. Financial inslruments The charity's financial instruments may be analysed as folkjws.. 2021 2020 Flnanclal assets Financial assets measured at fair value through the ststement of financial activity Financial assets that are measU￿d at amortised cost 3.641,967 2.784,647 761,409 1,473,603 Flnanclal Ilabllftles Financial liabilits'es measured at amortised cost Derivative financial instruments designated as hedges of variable interest rate risk 7,463,141 3.826,675 147.123 159.878 27

RYDE SCHOOL NOTES TO THE ACCOUNTS Iconlinuedl FOR THE YEAR ENDED 31ST AUGUST 2021 14. Flnanclal instruments (contlnued) Financial assets measured al fair value through the slatement of financial activity comprise fixed asset investrnents in a UK listed unrt trusL Financial assets measured * amorttsed cost comprise cash, trade debtors and other debtors. Financial liabilities measured at amtytised cost comprise the debenture and bank loans (including mortgage). trade creditors. other creditors and accruals. Derivative financial instruments designaled as heth3es of ¥a(iable interest rate risk c£*mprise interest rate swaps. In the year ended 31 August 2011 the School t#)rrowed funds from ils bankers under two 15 year term loans of £1.5m and £3.7m respectNely I"Existing Facilities"). To hedge the potentsal volatility in future interest cash flows arising from movements in the HSBC base rale. the School entered into floating to fixed interest rate swaps with a nominal value equal to that outstanding borrowings ('Exisb"ng Hedge'l. The hedge was fixed al 2.785%, the resutt of whi¢h is that at the year end, the School was out of the money due to the low base rate and a l￿bIlity for this commitment is held on the balance sheet. This hedge expired on 15 September 2020. The derivatives aTr accounted for a$ a hedge of variable intsrest rate ri$k$. in aecordanee with Charity SORP FRS 102 and Section 12 of FRS 102 and had a fair value of £nil 12020.. £6.5911 al the balance sheet dale. The change in fair value in the year was £3.584 {2020.' £35.023I and the balance in th8 year was cash settled movement in the fair value adjustment in other gains and 105ses on the Stalernenl of Finan¢ial Activities. In the year ended 31 August 2020 the School entered into a new secured facility agreement with its bankers relating lo term loan facilities of £4.5m to finance the build of ils new boardiThJ facility {'New Facilities) which were fully drawn al the year end_ As a res￿￿ of the expiry of the Existing Hedge on 15 September 2020 and the erttering into the New Fa¢ilities, on 24 July 2020 the School entered into new a fixed interest rate swap to hedge the potential volatility in future interest cash flows arising from movements in the HSBC base rale I'New Hedge"}. The New Hedge comrnenced on 1 April 2021 and terminates on 28 June 2030 and covers an initial principal amount of £6,711.234 being the entsre amount anticipaied to be outstanding at 31 March 2021 under the Existing Facilities. New Faciltti'es and the mortgage. The New Hedge is fixed al 0.394%. the result of which is that the School is out of the money due lo the HSBC base rale of 0.01% and a liability for this commitrnent is held on the balance sheet as at the year end at a fair value of £147.123 {2020.. £140.7331. The change in fair value in the year was £12.9841 12020.. £nil} and the balance in the year was cash settled movement in the fair value adjustment in other gains and losses on the Statement of Financial Activities. 28

RYDe SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2021 15. Analysis of Charltable Funds Balance at 1st Septsmber 2020 Ntrt Transf•rs Balane• at Inc¢xnlng Resoweès 108s 1 bgtwn 31$t August expènded investments 2021 and other gains Unrestrlcted lunds Oesignated funds Educattonal Development Fund {EDFI General funds 3,892,335 I1,￿.428 134.695 9,327,764 (8.548) 19.050.859) 357.320 16.916 1112,859) 4.262,943 112,859 12.313,108 Totsl un￿¥1￿¢t?d fvrKts 15.798.763 9.462.459 19,059,40n 374.236 16,576,051 Restricted lunds Creasey and Blo￿ Fund Ryde Bursary Fund Theatre Fund {10.236) 101.708 110.238) 85,829 71,500 {18,W) 71.5 Total r•strlct•d funds 91,472 74,5 {18.969) 147.093 Total funds 15,89).235 9.537,049 19.078.376) 374236 16.723.144 15. Analysis of Charitable Funds {contlnued) Analysis of Charitable Funds- prior year 8alan¢o at tst September 2019 Net Transfers Balance at bètweèn 31st August funds 2020 Inwming Resoure investmenis and other gains Unrestrietod fundg rjesignated funds Educational Oe¥elowent Fund IEDFI General funds 4,258,167 12.131.712 122.630 8.537.594 19.289) 18,868.046) 1330.173) 143,832) 1149.000) 3,892.335 149.(KJO 11.9(￿.428 Total unwtrICt￿ funds 16.389.879 8,660.224 18,877,335) 1374.C#J5) 15,798.763 Restrlcled funds Creasey and Brown Fund Ryde Bursary Fund 5,438 93.1 {15.674) 110,236) 101.708 8,552 Total restrtct•d lunds 98.594 8.552 115.674) 91.472 Totsl funds 16.488.473 8,668.776 18.893.CWJ9) 1374.(Q5) 15,890.235 The EDF includes the School's free reserves {see Report of the Govemors) set aside by the Govemors to provide funding for grants and awards and where appropriate to provide finance for building development. The fund investrnents are managed professionally. Transfer between Funds A contribution is made every year towards scholarship and burnarie$ from the EDF to the general fund. In 2021 this arnounled to £112,85912020.' £149.0001. 29

RYDE SCHOOL NOTES TO THE ACCOUNTS Icontlnu•d) FOR THE YEAR ENDED 31ST AUGUST 2021 16. Analysis of Net Assets between Funds G•neral Fund¥ Development Fund R￿trIcted Fund¥ T¢)tsl Tangible fixed assets Investrnenls Cash at bank and in hand Other net current (liabilities) Credrtors > 1 year 21.383.593 21,383.593 3,642.067 888,854 12.980,472) 16.210,898) 3.641.967 614,276 6.700 206,245 12,987.172) 16.210.898) 68,333 12.391,868 4,262.943 68,333 16,723.144 17. Contlngent Liabilities and Capital Commitments Capital commrtments arnounled to £1.582.266 12020_. £3,686.1771 at 31st August 2021_ The School had not authorised or contracted for any other acquisitions at that date. There were no contingent liabilities as al 31 August 2021. 18. Teaching Slaff Pension Fund During the year the School participated in the Teachers. penS￿n Scheme {England and wa￿S) I'the TPS'I for ils teaching staff. The pension charge for the year includes contn'butsons payable to the TPS of £775.786 12020.. £820,744) and at the yearnd £65.893 12020 - £75.924) was accrued in respect of contributions to this scheme. The TPS is an unfvnded multi-employer defined beneffts pension xheme govemed by The Teachers. Pensions Regulations 2020 las amended) and The Teachers, penS￿n Scheme Regulations 2014 las amended}. Members contribute on a 'pay as you go. basis with contributions from members and the employer being credited to the Exchequer. Rebrement and other pensKJn benefits are paid by public fund$ provided by Parfiament. The employer ¢ontribution rate 1$ set by the Secretary of St following scheme valuations undertaken by the Govemmenl Actuary's Department. The most ￿Cent actuarial valuation of the TPS was prepared as al 31 March 2016 and the valualion reporL which ￿as published in March 2019. confirmed that the employgr contribution rate for the TPS would increase from 16.4% to 23.6% from 1 September 2019. Employers are also required lo pay a scheme administration of 0.08% giving a total employer contribution rate of 23.68%. The 31 March 2016 Valuation ReF<Irt was prepared in accordance with the benefits set out in the scheme regulations and under the approach sFecified in Ihe Directions. as they applied al 5 March 2019. However, the assumptsons were considered and set by the Department for Education prior to the ruling in the 'McCloudlSargeant case.. This case has required the courts lo consider cases regarding the implementation of the 2015 refoms to Public Service PenS￿)nS including the Teachers. Pensions. On 27 June 2019 the Supreme Court den*d the govemment pemiission to appeal the Court of Appeal's judgment that transitional provision5 introduced lo the refomied pension schemes in 2015 gave rise to unlawful age discriminabon. The govemment is respe¢b"ng the Courys decision and has said it will engage fully with the Employment Tribunal as well as employer and member representatives to agree how the discriminations will be remedied. A consutstion was launched by the Govemment ￿ 16 July 2020, and closed to responses on 11 October 2020. The TPS is subject to a cost cap mechanism which was put in place to protect taxpayers against unforeseen changes in scheme costs. The Chief Secrelary to the Treasury, having in 2018 announced that there would be a review of this ¢ost ¢ap mechanism. in January 2019 announced a pause to the cost cap mechanism following the Court of Appeai's ruling in the Mccloudlsargeanl case and untsl there is certainty about the 30

RYDE SCHOOL NOTES TO THE ACCOUNTS Icontlnued) FOR THE YEAR ENDED 31ST AUGUST 2021 value of PenS￿nS to employees from Aw"1 2015 onwards. The pause vms lifted in July 2020 and the Government is preparing to complete the cost control element of the 2016 valuations, which is expected to be completed in 2021. In view of the above rulings and decis￿n$ trÈe a$sumptions used in the 31 March 2016 Actuarial Valuation rnay become inappropriate. In this scenario. a valuation prepared in accordance with the revised benefits and suitably revised assumpts"on$ would yield different results than ihose contained in the Actuarial Valuation. Until a remedy to the dlxrimlnat￿n condusion has been determined by the Employment Tribunal it is not possible to conclude on any financial impact or future changes to the contribution rates of the TPS. Accordingly, no provisKin for any addrtional past benefft pension costs is included in these financial statements. During the year, the School agreed wrth all teachers who are members of TPS that the School will cease its participation in TPS as of 31 August 2022 and il has agreed Ihat it will run. and make contributions to. a defined contribution scheme administered by the Aviva Pension Twst for Independent Schools I'APTIS"). Certain teachers opted to join APTIS during the year during which the School made contributions of £13,572. 12020.. nil) The School also runs a scheme for its non-leaching staff. which is a defined contribulh)ns scheme. The cost for the year represents the sch￿I.s contributions to that scheme of £88.44812020.' £82.2461. 19 Commitment under operating l•as•s As at 31 August 2021 the chanty had minimum lease payments under non<ancellable operating leases as set out below. 2021 Fumllure. equipment and machinery 2021 Motor Vehicles 2020 Furniture. equipfflenl and machinery 2020 Motor Vehicles Operating leases which expire.. Within one year In ￿ to five years 31.894 36.708 28.450 45,680 31.894 68.602 18,421 25,500 68.602 74.130 100,4 43,921 31

RYDE SCHOOL NOTES TO THE ACCOUNTS {continuedl FOR THE YEAR ENDED 31ST AUGUST 2021 20. Reconclllatlon of Not Movement in Fund$ to Ngt Cash Inflow from OpeTalion$ 2021 2020 Net movement in fvnds 832.909 1598,1371 Depreciation charges (Gains)Ilosses on investments (GainsyLoss on interest rale swap Dividends. interest and rents from investments IlncreasellDe¢rease in stock Increase in debtors Increase in creditors 682,736 {357,3211 (12.7551 134,695 11,1981 {67.9861 613.618 680,230 330,173 140,773 126,605 1,043 1138,7661 196,367 Net ¢a5h provided by operating acliwties 1,824.698 738,288 An¥ly$is of ¢a$h and ¢ash equivalents 2021 2020 Cash at bank and in hand Cash held a5 part of investment portfdio 274,578 270,180 492,299 756,892 Total cash and cash equivalents 544.758 1.249,191 21. Reconclllation of Net Debt 1 September 2020 Cash Other non flows cash changes rooo £'ooo (217,7211 {486.7121 2.873,452 19,7481 3.007 2.156,264 31 August 2021 £'ooo 274,578 270.180 6.634,070 147,123 Cash at bank and in hand Cash at investment manager Bank Loans Interest rate swap- new Interest rate swap - old 492,299 756,892 3.760,618 153,887 6,591 5.170,287 2,984 3.584 {600) 7.325.951 32

RYDE SCHOOL NOTES TO THE ACCOUNTS Iconttnued) FOR THE YEAR ENDED 31ST AUGUST 2021 22. Statement of Financlal Actlvllies for the year ended 31 August 2020 Unrnstrlcled Unvestricted General D•signated Restricted Fund Funds Funds Total 2020 Income from: Donations Charitable activities". Fees retsivable Other educational in¢ome Other trading &tivities Investments 8.307 8.307 8.318,139 2LKJ.596 15.129 3.730 8.318.139 200,596 15,129 126,605 122,630 245 Total income .537.594 122,630 8.552 8.668.776 Expendlture on: Raising funds Charitable activitses Gross of furlough 9.289 9.289 8.883,720 388.318 8.868.1)46 388.318 15,674 Totsl expgndilure 9.256.364 9.289 15.674 9.281.327 Net (expenditure) before gains on investments (718.770) 113.341 17.1221 1612.551) Other income 388.318 388.318 Net (Ios5esl on investments and sale of assets {43.832) {330.173} 1374.005) Net (expendlture) 1374.284) {216.832) (7.1221 1598.238) Tran$fer6 between funds 149.OCMI {149.000) Net rnovement in funds for the year 1225.284). {365.832} 17.1221 1598.238) Reconciliation of funds: Total funds brought foThvard 12.131.712 4,258.167 98.594 16.488.473 Total funds carried forward 11.9Cffj.428 3,892.335 91,472 15,890,235 33