2023-08-31-accounts

Charity Registration No: 307409 Company Registration No: 432077 RYDE SCHOOL WITH UPPER CHINE Annual Report and Financial Statements for the Year Ended 31st August 2023 'ADIF0YPS• 2(¥0412024 COMPANIES HOUSE *177

RYDE SCHOOL coKrENTS Page No. Repo-rt of.'Ihe Governors including the.Strafrg￿ Report Report of theJndependent Audit Statement of Financial Ac"liwties 19 Balance Sheet 20 Slalernent of osh fiows Notes lo.the Accounts 2244

RYDE SCHOOL (Cornpany No: 432077, Charity No. 3074091 Reference and administrative delails Name: Ryde Sehtsol Ikn¢M as Ryde School ￿ Upper Chine) BOARD OF GOVERNORS (Al Goverrb)rs are Directors for the purpose of company law, and Trustee5 of the charity) Chalrman: Professor C.C. Lees MB BS Bsc MD FRCOG Vice Chalmian and Honorary Govemor: DrM.D. Legg Bsc. M B.B.S. Hereditary Governor. Mr l. Mclsaac 8A (Honsl Honorary Governots: Miss Chantal-Aimee Dcerries K.C. Mr P.l.J. Weeks Governors". Mr A.M. Crawford {resigned Isth Mareh 20241 Mts M. Esfandiary Mis D.K. Haig-Thomas BA Hons. Mr P. Hamllton MRS F Hnatow {appointed 15th March 20241 Mrs C. Jacobs RGN Mr A Tate MA (appointed 15th March 21Y241 rs J.L. Wallace-Dutton Mr G.R.S. V￿terlekI Clerk to the Governors and Ct)mpany Secretary: Mrs S. Webb AMlnslLM l CIPD "Head Master: Mrw. Tumer BA (Hons). PGCE Flnance Dlrector. Mrs R. Kennedy BS¢ (Honsl. PGCE, ACMA Banker8: HSBC, 38, Union Street, Ryde, Isle ofwghl P033 2LJ Auditor: BDO LLP, Arcadia House, Maritime Walk. Ocean Village. Southampton. S014 3TL Solicitors: The School seeks legal advice from several fim)s' deperKlellt on the lopK. Investment Advisors: Cazenove, 12 Moorgate, LorKlon. EC2R 6DA Reglstered Office: Queens Road. Ryde, Isle ofwight P033 38E

RYDE SCHOOL REPORT OF THE GOVERNORS The Govemors present their report tcgether wth Ihe financial statements for the year ended 31st August 2023. 1. Objeclives and activilies Charitable ObjKts arjd Aims Ryde School is a charity that seeks to benefit the public by pursuing and deliveriThJ its educational aims detailed below. Its fees are set at a level that ensures financial vk4bility and provide5 excellence in education. The School welcomes pupils from a variety of backgrounds. Unlike many schools, pupi15 are not selected on their academic ability but need to demonstrate that they will fit into the Schcol community and benefit from the education on offer. Economic status, ethn￿ty. race and religion are not part ofthe assessment process as the School is an equal opportunity organisalion and encourages a communty that is free from discrimination although the School is a ChTistian foundation registeretl with the Church of England dic¢ese of Portsmouth as having a particular religlOUS characleT. The inculcation of Christian values is important lo the School but it iecognises the values of other faiths. The School endeavours lo follow best as recommended by the Charity Commission in discharging its aims and objectives lo the benefiL as far as possib￿. of the publ￿ both I￿alty, nationally and inlernalionally. School Values We arg an Islandschool wlth a global oudook Our purpose is to provide an exceptional educatyon on the Isle of W￿ht, enabling our boarding and day pupils lo flourlsh in mind. tody and soul. We nurture pupils lo ma%e a positive diffeTenGe aTrJ embrace the oppoilunities of the wider world. OurAlms Our four aims, derNed frc¥n MISSI￿ Statemen( provide a c￿r sense of purpose io drive the. delivery of our mission statement. EXCEPTIONAL SCHOOL- We are an excepb'onal school, prO¥￿Ing an exceplional education in an oulslanding learning enwronmenl. MIND- We develop pupils to have a h)ve of leamry. a sense of curioslty and an ability lo think iThJependently. 8ODY- We rttogntse the impjrtartt and benefits of a heathy lrfestyle. physical exwse, indooT and ouldoor activities and personal challenge. SOUL- We encourage all members of crtjr community to develop a sense of their own wellteing and to foster seSf- reflection. Our Values Our values underpin ourcommunty. shapng everyththig vft do and we go about our daily lives. AMBITION- We are ambitious both indNvJually and for our Schcol. We have high expectstions and aspirations. RESPONSIBILITY- We lake responsibilty foi our aclions and decisK)ns. We value integrity and sew- discipline. COURAGE- We have the courage to be adventurous and to be risk-tskers. We have the ten&ity to keep trying and to overcome challenges. RESPECT- We respect oursew. each other and OLFr communty as a the. We expect kindnes5, incluslvty., empathy and open-mindedness.

RYDE SCHOOL REPORT OF THE GOVERNORS OurEffto$ Ryde is a Church of England School. Christian values inspired and guided the ftKJnders and we were recognised as a designated Church School in June 2006. The Bishop of Portsmouth is our visitor and we have a special relationship with All Saints, where we hokl assembl￿. major services and where the Senior Schcol meets regularty for a servi￿ of relleclKJn. The All Saints. Team also provides our chapkincy. The inculcation of Christian values is important to us, but we rectsjnise the values of other faiths, offer opportunities for other faith leaders lo speak in the School and leach world relig￿n$ in RS classes. We expect all pupils lo allend our assemblies and church services which refiecl the broad and inclusive Thatu￿ of Anglicani5rn. We hoFe that pupils who profess not to have a faith will grow spiritualty in Ihat they develop a sensè of awe and wonder of the workl in whKh they live. As?n'lB School we wont ourpupils to become.. Balanced Caring Communicators Couragecws CrealNe Inquirers Knowledgeable OFen-minded Principled ReflectNe Risk takers Self-disciplined Thinkers As a Round Square Candldaee Schoolwe belleve In and enc(wragepuw'ls to"engage with.. Int8mationalism Demwracy Environmenlalism Adventure Leade￿h1￿ Ser¥￿e As a PS8 School we encourage ourpuplls: To leam to le&J. to work asa team and to operate indeFendenlty,' To be reflective. seeing all leaming as a chance to rewew and improve.. To take every. opportunty to develop their commun￿alK￿ skills.

RYDE SCHOOL REPORT OF THE GOVERNORS Monitonng The School assesses its success in delNering its mission. aims and values through the work of the Board sub- committees who m(wilor the School's Strateg￿ development plan against the missK)n. aims and values. Public Benelit The govemors confirm that they have due regard lo the guidance on Public 8enefft PLTrblished by the Charity Commission in exer￿sIng their power and dukn"es. The Board of Governors 15 committed to meeting ils responsibilities with regard lo the wovision of benefit to the wider pubh'c. 2. Strudure. Governance and Management The School is committed io Ma￿taIning the high stsndards of Govemance reccgnised in recent Schwl inspections. 2.1 Goveming Docunmnt The Schod is govemed by its Memorandum and Aitles of ASS￿latIon suppkmenled as necessary by bye•laws detennined by the Board of Govemors. The company 15 a charity limited by Ihe guarantee of its members and was inrjjrptsrated on 28th March 1947 and registered as a charity on 4th March 1W. its aCt$vit￿ being the PTOViSts)n of education lo boys and girls of all ages as well as the Continued devebpmenl of the School as an educational resource of hwJh qualty on the Isle of WighL Ils Registered Chafity Number is 307409. 2.2 Reeruitmentand fralnlng of Gov8rn0 Governors are elected by the Board for a lerm of fcmjr years. wh￿h can be extended for a further four years and in the case oflhe Chaiman, fora maximum lerrn often years. Two Govemors may be norninaled by the Okl Rydeians, Association and one by the Upper Chine Old GirLs' ASs￿lation. The current Goveming body represents the membership of the cLimpany. Board selects new board members on the basis of their Fefsonal competence. specialist skills and avai18bil-ty. Governors are inducted by the ScJ)ool's Clerk and Head Master and provideil with copies of governing documents, bye-laws and external charitable gUKldines pertinent both lo independent schools and charities as well as all the necessary slalutory and regulatory compliance ehecks. All Govemors are encouraged to attend Courses run by AGBIS and the Board's own wular in-house training sessA)ns on pertinenl matters and pOI￿leS. The Board appraises its effectiveness every year. 2.3 Organlsatlonal Management The Govemors determine. with the Head Master, the general strategy. aims and ethos of the School. The day-to- day managemenl of the Sch￿( is delegaletl lo Head Master. Deputy Heads and Heads of Sedion together with the Finance Director and Estate & Operalions Direclc. The Board operates through two main committees. There is a Finance and General PurF4)ses Committee. chaired by Mrs Haig-Thomas until 16th October 2023 when Mr Whilefiekl was appointed to the F)St, which approves and monitors budgets. reviews the annual audited accounts and the School's tangible as5el resource. The Education Committee, chaired by Mr Hamition. ieviews educational and pastoral issues in conjunction with senior teaching staff. Both ¢ommillees meet each term prior to the fvll Board. The Board ts also advised by a Remuneialion Cummittee. chaired by Mr Crawford. wh￿h detemlines Sen￿r salartes. The Governors and Senior Leadership Group have a strategy Thvyning prior lo each full Board meeting lo discuss major issues. The Board has 8 Govemance and Nominat￿n$ Commiitee, chaired by Dr Legg, which delerrnine5 the ski51s the Board needs to function effectwely and advises il on succession planning. Mr Weeks represents the Govemors on the Health and Safety Commiitee and Mrs Jacobs is the lead Governor for Safeguarding.

RYDE SCHOOL REPORT OF THE GOVERNORS The Board agreed lo set UP 8 Risk Management Committee in 2023. chaifed by Mrs Doerfies. wh￿h monitors the Risk Register on a lermly basis to ensure the School's risk managernenl, control and govemance arrangements are adequate and effective. The Board meets every lerm and on other occastcms as required,. the Education Crynmitlee meets three tim8s a year.. the Finance and General PiJrpt)ses Committee meets three times a year, the Slralegy Group meets as necessary and the Remuneration Committee meets tsvice a year. The Remunerab'on Committee in conjunction with the Head Master considers the approprrale level ol pay for the senior management team. 11 also r￿mMend$ to the Board the Head Maslerfs remuneration. In le￿MmendIng and assessing these levels of remuneration the Remuneration Committee uses natiorkal ststi5tie5 as benchmarks. There are no Specif￿ related parties except for the pwent t￿dy, wth whom the Schcty)I consults on a regular basis. 11 15 cognisanl with both AGBIS and HMC communicattons used io inform. educate and Improve governanGe. 3. Strategic Report 3.1 Strategic Objectives To deliver ils ststed charilable aim5 and obiects'ves. the School is committeil to delivering an excellent all-round education. By maintaining hMJh slandards of academic perfo￿an￿, pastoral care aThJ citizenship and ensuring pupils. abilities are developed lo their fiJll potential. The Governors, in fvlflling th¥wr charitable obligations. are mindfvl of the need for the School to be accessible to the Ixal communiiy by offering a broad curriculum while increasing bursarial support. 3.2 Benefits to the C¢>mmunlty The School aims to provide benefils lo its community in three ways. First. the Schcol provide5 financial assistar7ce lo families who would not othe￿iSe be able to afford the school fees. The level ofthis support varie5 from a relatively small amount. 10% or 20% of ihe fees. to a 90% bursary in limited circumstances. Support is offered mostly lo pupils who live on the Isle of WighL bul some pupils, including a number from Ukraine. benefit fr￿n a b)arding bursary and the School works with the local authority and national charities to enable boarding for some vulnerable chihlren who &in so benefit. WhiLst around a third of our boarders come from the UK. the majority are overseas students and the Schcx)I beneffts considerably from the cultural diversity and different Wofld view that they bring to the School and indeed lo the Island community. Secondly, the Sthool aims lo supp)rt the local community through forging educational links with 5tste schools and by sharing fa￿litieS. Thirdly. the Schwl aims lo support local and overseas charities either by offerirvJ the use of facilities or directty by l¥Jndraising. Hgadllne figures for the year to 31 August 2023 Amount of money raised for UK chari￿5.. £20.500 Contribution to UK GDP.. £19.6 million Contribution to the IS￿ of Wight ￿￿Orny.. £9.7 mill Total amount ol UK tsx supwrted by Ryde School's acttvities". £6.2 M￿l￿n Totd savings for UK tax payer as a result of pupils attending who would otherwse attend state schools.. £5.8 million Total number of UKJobs supported by the sthool'5 actmty.. 433 Number of wpils re￿vIng means tested l)ursarial assistance: 48 Amount of money spent on bursarial support to pupils last year. £724.269 Total number of voluntary hours that students pui back into the community through volunlary activity such as Duke of Edinburgh = over 1.720

RYDE SCHOOL REPORT OF THE GOVERNORS Bursaries, Scholatships The School advertise5 Scholarships and 8ur58rie5 in rts promots'onal literature {Current Information). ils website and in the bcal press. ExaminatKJns and inleryiew5 for Scholarships and Butsaries lake place in November. Places are available for entry into Years 7, 9 and 12. The criteria to receive a scholarship are significant achievernent and potential either academicalty or in one or more ol several extra<urrKuL4r areas. Scholarship5 can be academic, sport, music, sailing or arts (allowing for SU￿5$ in. for examp￿. Drama, DT OT Artl and those in receipl of one are expected lo benefit from an education al Ryde School. generally but also in nurturing their particular talent, and make a wsrtive contribution to Scho￿ Ibfe_ The School has the same expeclalKins of rts fee-paying pupils. Those in receipt ofa scholarship will auton)alKalty gel supportto develop the area of skill of the award- lor example, music scholars are supported wth complimentsry individual iuition. In addition. all those awarded scholarship5 become eligible for fee assistsnce. The level of fee assislance is delemiined after an assessment of parents. lor guardians'l ability lo pay the fees.. assistance can be as high as 90% and occasionally granis are made to assist th school trips or unrform. Assisted Places are offered lo some ￿a￿ders, who are also assessed as lo the level of supwrt that is required. Usually. one or tsvo pupils a year are nominated through the Head Masters. and HeadMIst￿sseS. Conference {HMCI Easlem European Scholars PrcMJramme. which carrks out ils own assessment of parental means. HMC Scholars receive up to a 100% bursary. The total value of means tested bursaries amounls to £724k or 6.1% of gro55 fee income. Approximately 9% of pupils receive such supp(xt. Funding for bursal￿S comes from Ihree sources. The School uses the rental income il receives from the lelling of the Bembridge Boarding Campus. investment income from the Educational Development Fund (these sources funded approximately 50% of means tested bursaries}', the remainder coming from the surplus derived from fee income. It is a long-lem strategic aim of the School to increase fvrther the size of its EduCat￿nal Development Fund in order to Pn)VKle furlher means tested bursarial assislartce. The School continue5 to assist some pupils already in attendan￿, when parental circumstances change. Such help is given after means lesb"ng; il is the School's wish to see suth pupils complete the appropriate stage of their education. In budgeting for its awards, the S¢hwl attempts to strike a balance belween the use of its rentsl and investment income. and fee income, recognising that many parents have already m8(1e significant ￿TIf￿ lo funo the educathjn of their own chikjren. Indeed. mainlainirg fees al a relatively low figure by independent school standards allows greater access by a wideT range of local families than is sometime5 the case elsewhere and is a conscious consideration of school management and govemors. To foster bursarial support further the Governors have established a restn'cled fvnd-"Ryde Bursary Fund" to which parents and slaff donate. In oddilion. in order to assist ftjrther ehildren wh¢)se parents rnighl not otherwise be able lo afftjrd to ehc*)se it. the School fosters its relationship with other grant making bodies and participales in the Govemmenfs Nursery Voucher Scheme. The School has offered part￿ular as5istsnce to children who would benefit from boarding due to their personal or family circumstances and has worked wth the thal aulhoTity and national charities Ic identify and place children in care or those who would otherwise not be able lo access a bjarding school edLUtion. Puplls. voluntary work PU￿1$ and stsff are encouraged to follow the School's motto of Ut Prosim and live a life of servi￿. Many aTe involved directly and indire¢ly in fvndraising, active community Serv￿ and local engagement. The School joined the Round Square Organisation in 2020 wh￿h expects of. and provides opportunilies for, its member schools engagement with voluntsry actNty. There are active groups such as Ihe'Green People, in the SgnKJr School and ecology groups in the Prep arKI Pre-Prep vtho engage in enwronmental a¢th)n. Many of our pupils in Year 10 take part in the Bronze Duke of Edinburgh Award - last year 40 pupils did at teast 12 hours of voluntsry work each. That is around 480 hours volunteering in the community. Sorne pupils continue doing the Silver Duke of Edinburgh Award in Year 11. Last year 18 pupils did al least 24 hours of voluntary work each. That is in excess of 432 hours of voluntary work in totsl. A¢Jdilionally, last year 15 pupils look part in the Gold Duke of Edinburgh Award across the &xlh Form. This included al leasl 54 hour5 of voluntary work each. meaning at least 810 hours in total of volunw wcrf

RYDE SCHOOL REPORT OF THE GOVERNORS This year our aspiring medics. vets and dentL8ts have gained important experience working with people and organisations in the l¢xal community. includin9 long tem volunteering at local care homes, the Wellow end of life ward and Yryjlh Forum al St Mary's Hospital, the Azheimerfs Cafe al Al Saints Church, and local veterinary surgeries as well as helping with youth coaching at bxal netball. sailing and tennis clubs. The volunteering wlh the Youth ForLtm ted to one pupil being invile(I to speak al the national conference of the Royal College of Paedialflc and Child Heamh IRCPCHI on suictde prevention. The CAS (Creative Active SeThice) afternoon. which has been part of our curriculum since September 2021. provides further opportunities for our pupils from Year 7 - L¢)wer Sixth to get involved in projects in the local community. We have a group that visits a ￿[e home each week to provide Company and tske part in activities with the residents and another gioup assists the Wiklheart Animal Sanctuary with conservation projects. We also offer sports coaching lo a local primary school as part of the CAS aftemcon, with our Lower Sixth and Year 11 coaching under the supeNision of tyjr stsff. Year 7 group5 partt"¢ipaled in voluntary work through weekly liller plcks in the local area and also on Ryde Beach. Our gardening group also continued with conservation work around the school's perimeter. We have a sewng and knitting group who kntt bLankets lo be used by patients at Sl Mary's Hospital and are building stronger links with Ryde Town Council to develop lurther volunteering opportunities. such as helping in the Community Garden, to be added into the CAS prcw3ramme. In the Prep School our pupils are encouraged to engage with community work and links have been maintained with Quarr Abbey whefe pupils have assisted wth harvesting apples. The Prep and Pre-Prep also support the Rotsry Club shoebox appeal sending gifts and essenb'als to countries S¥JGh as Moldova and Bosnia. Al Christma5 our choirs sing at numerous care homes in the area. To celebrate the Coronation of lQng Chades111, residents from the same local care home We￿ invited to the P￿-Prep for aftemoon tea and lo watch a performance of country dancing. Prep and p￿Prep sbjdents contribute to litter picking. especially on the nearby beaches al various points durir@ the year. Children eontn.bute items for Ihe local foodbank annually at the joint Prep and Pre• Pfep H8rve5t Festival Service each Autumn. The Sche(Jl ha5 close links Wbth a rural s¢hcol in M*0. Ghana and a gfOUP of pupils travel there on a biennial basis to carry our voluntary work, teaGhing lessons and helping lo renovate Ime sile, the most recent trip lo Ghana being in October 2022. The Schwl addthonally Carl￿ out regular fundraising in support of Mako School using ils BIG Summer Camp Out lo raise funds for ongoin9 projects. The Arts The School's music ensembles give freely of their lirne lo play at bcal venues. The sCh￿￿'s music scholars have perfoimed public recita15 at Monkton Arts in Ryde, and the Prep School choir. supported by a Senior School music scholar, performed at the Law Courts official opening serwce. Pre-Piep and Prep Sch¢x)l Music groups play at local care homes lor the elderly at Christmas time and the Pre-Prep carol singers sing at the Alzheimer Society Café in All Saints, Church hall at Chtistrmas bme. The local communty 15 usually invited to school events such as carol services. and school musKal and drama prOduCt￿n5. A number of communty artiskn"c groups use the School's fa¢ililies on a reguLgr basis.. Ryde Film Club, and Curtain Call theatre group are among Ih05e who in nomial limes make regular use of the school's facilities, whilst the Isle ofwlght Symphony Orehestra use the school's faaIrt￿S and equipment lo rehearse in the run up to concerts. The Medina Community ChThr also rehearsed and perfomied 'Behind the Curtain. al the School's theatre. with proceeds benefiting other local chartties. The school's music ￿SeMbleS are open to talented pupils fr(xn Ic¢al state ￿h0O15 and member5 of Ryde School's music department are heavily involved in prornottng MUS￿ on the IsLqnd. induding eonlributing lo the low Symphony Orchestra, IW Cantata Choir and The Island cOn￿rt Band. In recent years we have also SF<Jnsored the Chiklren's Art Cc¥nFebbon at Monkton Arts Cafè. Sclence, Te¢hnologyJ Enginewing and Ala¢hematics fsTEM In recent years the SchcK)I has worked in pathetship with a Ictal Academy which has been unable to provide A- levels in certain STEM subjects. We have gNen these students access to our A-level scienee and maths lessons at no eost and they have benefited greatty from the bessons and the subject expertise of our teachers. Our Head of Physics is also the STEM Teacher Coordinator for the IS￿ of Wight offering adV￿e to other schools on the delive¥y of STEM activities and lessons.

RYDE SCHOOL REPORT OF THE GOVERNORS In 2023, the &hool worked in partnetship with the Nabjral History Museum. London. and Hiwi, lo host a scanning electron mieroscope which was shared wrth Dinosaur Isle la kKal educatti)nal museum) and kKal primary schools for project-based learning and STEM enrichment The Prep School hosts an annual alklsland maths challenge for chillren in Years 4 and 5. Each year. 20 primary schools attend the event, with circa 160 pupils partrApaling in total. In the Spring Terrn 2024 we will also be hosting the Lego league in the HIVE. The School runs an annual Design Techndogy club whKh supports the Isle ofwight Club for Deaf Children. Over the last few years, transport a5SiStance has also been offered lo Ryde Academy students so that they can attend the Engineering EducatKJn Scheme events trx)th on the island and on the mainland. OthèrAcadgmi In addition lo STEM and 'the arts.. the School runs a number of other academic iniknalives which tenefil the wider community. The school runs an annual Island4vide geography quiz for pupils in Year 9-10.. [￿ty)0ned during the Cov1￿19 pandemic il is planned lo recornmerKe in 2024. The schts)l also runs a Model United Nations event for local island slate schools. The School now ha5 an estsblished mockQsxbridge. medical. denkn.stry and veterinary university interview preparation evening. with over 30 pupils attending from schools &ross the island and over 30 parents and friends of the School acting as interviewers in their area of eXpe￿"se this year. Pupils from all over the Island are invrted, some of whom have gone on to gain place5 at Oxbridge. medical. dentistry and vet schools. The weekly Nursery slay and play groups also allow families to a￿S use of the Nursery Ixililies. s￿ClaI1$1 mLtsic or ouldcor leaming sessKJns as well as tea and coffee and story & music time with a memter of the Westhill team. Sports Many of the School's sports s￿lalISts work with Ihe wider communty. The Oirector of S￿rt & Head of Rugby coaches regu18rly al the RFU London & South-central Academy and Hampshire RFU, the Head of ¢ri¢kel coaches with England South-west {Bunburyl group and the South Asian CrKkel Academy. whilst two further PE texhers assist with coaching Island cricket and hcckey. The Schts)I run5 a number of communty SFQrts inrtk4b"¥e5 using their facilities. Recently these have included a variety of swt tournaments for local primary schcds. including t4 njgby. f￿tball. netball and basketball. Within our Community and serV￿e (CAS} sessions we have linked up wilh Dover Park primary schoc4 to offer sport coaching from our yourrfd leaders in Year 11 and Stxih Fom. A number of community Island sports club5 have regularly used the School's facilities in the past academic ygar, these include Vectis Rugby Club, shO￿e￿ Netball Club, IOW Hod(ey Club. Ryde Lawn Tennis Club. IOW Cricket Club. and Veclis Ycmjlh Football Club. Our Sports and Sailing Scholarships enable talented Isfand athletes tr) access &Jucation at the School whatever their financial circumstances and lo develop their tslen15 further. This has been instrumental in trElping some of the Island's most tsknled athletes to develop both academically and in their swt. The Isle of w￿h1 Cr￿ke1 Board partnered with the schts)l a few years ago. In this short period of time Crieket on the Island has seen a substantial increase in the number of young cr￿keterS (boys and gir151 playing on and for ihe Isle ofwighl County Age groups. The Sch(M)I has been used as their training base with access to a Merlin and 2X Bola bowling rnachines in the 4 nel lanes in the Sports Hall along wth the new Gym faciltiy for the strength and condith'oning training. The school also allo￿￿ the IOW Cr￿et board lo use its mtnibuses away fixtures.

RYDE SCHOOL REPORT OF THE GOVERNORS Otherfa¢llftles Ryde Schcfv)I Sports Hall is now used by a wderrange ofjocal dubs tM)th in the eveningsand atweekends. ShO￿ell Netball. Xcel Football Perfomiance Training. Vectis Youth F¢x)tball Club. Ryde Cricket Club and Isle ofwightcrtcket Board are all regular evening and weekend users. The Jun￿ School Hall and Pastoral Centre are regulady used by outside drama groups at the weekends and during school holidays, and on occasion they are aL%o hired out by the Isle of W¥ht Symphony Orchestra and the Isle ol Wight Cantata Choir fN rehearsals. We host the Ryde Film Club once a month in our Jenny Kery performing arts Theatre. Our astroturf pitch al Smallbrc¥)k is used by a wde range of communty clubs. Vect¢s Youth Football. BembTidge Youth Football, Ryde Saints Football and Isle of Wight Hockey Club all u58 the facilities at presenL Brading Cricket ground has seen ix)th Ryde Cricket Club and Isle of Wight Junior County matches being played. Portsmouth Tennis Academy have rented our tennis courts and the onsite f¢￿tball and cricket pitches have both been used by Xcel Football Perfomance training and Isle of WKJhl Cridtet Board for fixtures. Aslde from the sports and arts uses idents"Iied above. the Schwl pays di￿vY forthe li9ht ￿1¢h illuminates the North of Al Saints, church as well as donating annually lo the church for the use of fac￿lI1eS to hokj services and assemblies. Ryde School has run a Summer School. whKh provided opkvJrtuniis local chiklren during the holidays lo parb"cipale in a wide range of actNrb"es, also enhancing cultural eXp￿￿nCeS as they attend alongside overseas residential Summer S¢hool students. Oth•rstaff voluntsering Ryde S¢hcy)I provides teacher training placements through Southampton Univefsrty and Christ the King SchLK)I. This usually sees a numtr of trainees plxed at the schcfv)l each year and most ot these rebjm lo the State sectOT as newly qualified teachers. Our Markeb'ng & Extemai Rela￿nS Colydinalor is currendy a gO¥￿n0( at a local prmnary sch(XJl: Our Head of Marketing is a Iruslee of the Classic Boat Museum in Cowes. and our Deputy Head (Pastoral) is the Vice Chair of the Local Safeguarding Children Board Educaltonal sub-group which meets half-terrnly to discuss action plans, audits and strategies. Our Assistsnt Head (Acajemic) is a guest lecturer at Southarnpton University. One of the School's history teachers volunteers as a govemor at a mainland Sch￿1. Two members of staff, including ¢JJr Deputy Head (Academic). are nominated volunteerjudge5 for BBC 500 Word3 2023. a nalhjnal competthon open to all primary a￿d children xross the UK Ch8rltable fund-ralslng The school false5 a large amount of money e*h year for other UK charities. La51 year this totalled £20.500. The main recipients of thi5 were the school'5 nominated charities.. Ghanalink.. Isle of Wight Youth TNsl,' Hampshirg & Isle of Wight Air Ambulance,. Earl Mountbatten Hospice and Childrèn in.Need. In additson lo money raised f0m￿llY ihrough schc4)I fundraising. a number of our pupils have carried out their own fundraising initiatives whKh have been supported by the Sch¢￿1. The school has also made donations lo local food banks, with pupils bringing in items lor muth" days and aLso al Christmas and Ihe Harvest Festival. 3.3 Perfomiance and Delivery of Charitable Objectives S¢hool Numb•rs At the start of the &adeM￿ year 2022r23. the School had 794 pupi&. 570 in the Senior School. 140 in the Prep, 82 irs Fiveways. These numbers include 54 trM)arders. Academlc and Educatlonal Experienee Thè 2022 - 2023 Year 11 and Upper Sixth cohorts vRre the second cohort to sil public examinations following the cOv￿-19 pandemic. Unlike the pievious year, grading was not adjusted lo reflect any impact on pupils. learning oul¢omes. This return lo'nomial assessments, meant pupils in this cohort were the first to sil unadjusted examinations since Summer 2019. For Upper s￿ pupils these public examinabons were their first experience of 10

RYDE SCHOOL REPORT OF THE GOVERNORS such a Situation as their Sumw 2021 GCSE grades were teacher assessed. Despite the School having carried out a rigorous assessment process in 2021 and a fijll mlxk experien￿ in March 2023, not having had the normal experience of GCSE5 made the examinations more daunting than mlqhl nomialty be the cas?. The results achieva in Sumw 2023 were excelSenl at all levels. Year I I GCSE Performan￿ was strong across the grade ranges. At the lop end 23. 1% of grades were 9 or 8 (previously A") and 41.3% of grades were awarded 9 to 7 previously A & Al. This compares favourably with the National results of 12% and 22.49A respectively. More generally. 89% of grades were awarded 9 10 4 which again is considerably higher than the National re5uW of 68%. Wrthin these results there were excellent individual results with pupils ￿hleVIng all 8's and 9's and seven other students achieving seven or more grades eight or nine. Within the Sixth Fomi the School continues to run three distinct programmes of sbjdy". A-Level. Internalh)nal Baccalaureate Diploma Programme118DPI and Ihe Intemational Baccalaureate Career5 Programme IIBCPI. AII three courses delivered strong results showing Ihe School's commitment to offering different pathways through Sixth Form lo suit an individual's leaming abilib'es and style. It enabled all students to be ambitious in their aspirations and succeed on their chosen route. The IB cohort produced an average UCAS wnts per pupil score of 183.6 Wh￿ is equNalenl to more than 3 A"s 1168 points) in the A Level system A Level. In the IBDP there was a 100% pass rate and pupils scO￿d an average of 32 points. From the most able. 18% of the students achieved 40 points or more out of 8 possible maximum of 45. With excelknt IB scores tsvo s¢udents were able to take up places at Oxford and Cambridge. Within the IBCP the cohort scored a UCAS average of 119 ￿ints. From the BTEC element of the course 50% of grades were eilher Distinction" or Distinction. As individual achievements, Ihree students got higher tharb the equivolenl of 3 As at A Level and one of those getting greater than 3A"s. Al A Level an irnpressive 17% of grades were at A" and 37% at A"1& both scores are s￿n￿Can1lY above National scores of 9% and 270A re5pecb'vely. Overall. students achieved an average UCAS score of 142.3 points which just short of three A'$ al 144 points. Individually. students sc(Ired four A"s each. another three A"s and a further vo achieved A"s anil A's each. In 2023 89% of pupils ￿pted offers from th*r fim) or insurance chore of vnNersity with the remaining 11%. 5 pupils opted to improve their course Choi￿ through clearing and 2 pupils achieved places through clearing. Four pupils opted to tske a GAP year and 3 pupils accepted places to sbjdy al universities abroad. Pupils accepted places at Cambridge (Maths) and Medical Schools. In the Prep Schwl and Years 7 & 8 value added is measured using resums from annual assessments in English and Mathematics and biannual tests in Cognitive Ablity. In iy)Ih subJ"ects, results are above nab.onal expectations and attainment relative to ability is also F4)sitive. In Prep, (Year &6} the focus for 202213 was Ihe development of the English curriculum. including the introduction of Accelerated Readeras a key tcol for raising reading attainmenL This included a complete restocklreorganisali¢)n of the library and signfftanl time inyestrnenl of training stsff to use the platform whTch gives excellent diagnostic information on students. reading abilities and targets. The SLPA (Speaking Listening PerforTnance Avrdrdl programme in Year 5 has been remodelled,. the new awards are tiered (Bronze, Silver and Gokll in order for every pupil lo set their (r•vn goals. This more equitable appro¥h allowed for all pupils lo reach their potenkn81 and share their indr¥idual achievements. Spelling Shed was introduced in September'22 to all year group5. providing pupils with an online spelling programme to practise on their chromebooks. The prcgramme uses a research4ed hojistlc approach.. locusing on phonemes, graphemes, etymobgy and morphology. The writing curriculum has changed. with pupils now fc¢using on'core s￿lIS. throughout ts year, and building on specific wribng skills each tsrm (Term 1-Personal Wribng. Term 2-ftFnctional Wrtting, Temi 3£reative Writingl. Writing is themed on slud&nts' Discovery lopi¢s, providing breadth and depth lo leaming. All year groups look part in 3 tr￿-week Shakespeare focus. using drama, art and music lo provide stimuli for writin9. This was a highty successful prograrnme. leading to enthusiastic students who were all highly engaged in their chosen plays.

RYOE SCHOOL REPORT OF THE GOVERNORS Within the prep SEND department we have introduced new stretch and challenge prcgfammes along with revised models for support in and out of the classroom. The Summer GL results Imaths and English) in Year 34 were generally strong showng a go(>J level of 'value ￿lded. to the vast majority of pupil5. The Schrxjl was ￿SpeCted by ISI in May 2022. The"EducatKfflal Quality SeCt￿n ofthis reFKSrt fccu5es on brwl areas.. pupils. acadernic and other achievements. and the qualty of pupils, ￿rSonal development. The inspection findings graded the first part as'excellenV- the top rating- and the second secbon as'gcod.. The report is published in lull on the School website. The School conb'nued rts commilment to Round squa￿ wilh t*Jth slaff and students attending the Intemational Confefence in Kenya. This membership. together with the Independent Asso¢iation of Prep Schools IIAPSI, The Head, Conference IHMC}, the Pre-senior B&calauTeate IPSB) and InternatKpnal Baccalaureale IIB) PTovide for excellent peer engagement and informal professional development. 3.4 Links with parents The Sthool provides good links with parents., they are wekome to attend mariy Sthool events including supporting sports matches, concerts, plays and ptize-giwng events. There are frequent parents. evenings held both virtually and in-pwson and regular reports. A sen￿r member of staff is available every moming in the Scho)I's Pavllion Cafe for parents to talk to shoukl they wsh. The School wns the Ryde Connection to maintain links with and amongst current and fonnerfrfends and puplls from Ryde, Upper Chine and Bembridge schools. The Schwl has a paTenlal Kmxlal giving parents difecl aecess to information about their child. Parents receive a dKJital handbwk annually and can eontact slaff direcUy via phone or email. The Schcol has also continued lo parent seminars to work parents on key issues where home and school cooperathJn matters. Seminars are offered ￿ key pastoral topics throughout the year e.g Online Safety. A weekly digital new51etter is published to keep parents abrea51 of the main actrvilies taking pLgce in the school with dedicated sections for each part of the School. The School has run an annual survey for parents. staff and pupils to assess progress and identify areas for development and is now able to chart trends in concems. .3.5 Flnancial Review and Results for the Year The overall surplus before gainsl{lossesl on investments for Ihe yearwas £77k12022.' surplus £1.466kl. 2022 figures included donations of £790k. compared to £6.5k in 2023. which were one-off relating to the theatre renovation completed in July of that year. Although fee5 and other educational income rose by 5%, this was insufficient lo offset investment and olhef income being 29% lower. the impact of h￿h inflation on direct costs which were up 22% and higher staffing costs. All leaching staff are n¢)w enrolled in the AvNa Pension Trust for Indepentlenl S¢hoo15 {APTISI scheme, none remain in the Teachers. Pension Scheme (TPSI. Fee increases a￿ dthted by the Scho)I'$ budget. which is materially influen¢%d by increases in leaching salaries and inflation. The S¢hool educatKsnal surplus includes £125,580 from the EDF ftJnd towards its bursarial awards,. thi$ contn'bution is equivalent lo 1.1% of gross fees. This year. the School has CoMp￿ted the redevelopment of the old Head Master's house into a new Nursery for children aged be￿een 2 and 4 years old. as well as the renovatw of Ihe new Head Masteffs house. Both Pfojects were funded from the School's surplus. The School has Temained in operating surplus aThJ expects this to continue in the ftrture. Based on cuirent forecasts and the abilty lo ￿11 upon funds held within the EDF investment portfolK). Governors believe the School will be able to Continue lo opeiale within its eX￿ting facilitses for the foreseeable luture. 3.6 Investment Perforniance and Pollcy The Investment Propety asset, wh￿h is carrTe(l at fair value. has no change in value during the year fotlowng its reasses5Fnenl in line with the School's investment propety polbcy. The School had unrealised losses of £193k12022.' loss of È186kl from the revaluation of EDF investments. Cazenove, th& Sch¢Jol's investment managers, operate a mulb'_asset unit trust charitable fund tor its charitsble clients. The SchocA continues to maintain its cautious investment policy. 12

RYDE SCHOOL REPORT OF THE GOVERNORS The Govemors. investment obJ"eth"ve is to optimise growth so that income from the fund in the futufe can fully fund its bursary awards. The Finance and General Purposes Committ revievts investment perfornance in depth annually. 3.7 Res•Nes and Resourc• The School has operated a strateg￿ Finanaal Plan for several years enabling a forecast of both surplus and cash flow to be made over the foreseeable luture. This. combined with its review of risks arKI its Strategic Development Plan, enables the Governors to operate vthin the School's banking facilitses and lo provide for ongoing development The Sthool's Un￿trthd reserves stand at £21.6m {2022'. £21.6m). The Governor's consider that the Schcol should retain adequate reserves to ensure the future development of the school, allowing for capital investrnent lo maintain and enhance the educational provision offered. The charity's free reserves represent lolal unrestricted reserves adjusted IOT tangible fixed assets. investment property, capital commitments and bank k)ans. and amounts to £O.n. Thrs is Prir￿lpa1IY held Mthin the Educational Development Fund of £3.9m. The unreslricted funds are split to reflect the Govemors. current poly and distinguish between those held for contingency and the day to day running of the School. The assels of the School are adequate for its Cufienl obligations and are principally represented by the Schcw)I's inveslmenl in rts tangible fixed assets and fixed asset investrnents. 3.8 Rlsk Management The Board ol Govemors is ultimately resp)nsible for the managemenl of risks faced by the School. The principal risk the School faees is Ihe retention and recruitment of pupils, which it takes a variety of targeted measures to miligale. The operational risks are monitored by the Board but assessed by the Head Master and the Senior Leadership Group. The results of the risk management proGedures operated by the School Execub've are regularly reFKJrted to the Board_ In addiknn. the Board carries out an annual overview of risk asse5smenl and reviews child protection policies and the effectiveness of their applicatbjn. The key cr￿trOlS in place are: formal agendas for all Committee and Board meetirvJs'. detailed terms of reference for Committees: prehensive development and financial strale9Y, clear organisational structure and lines of re￿tift9. fomial written policies; fomial inveslment prctedures., clear authoris*ion and approval levels- vetting procedures as required by iw. comprehensNe Insuran￿ cover, stslulory chiKI prote¢b'¢)n pr￿edures. and regular appfaisal of performance and appropriate training. The School has adopted a recommended risk awssment F￿ed￿re to assess and address risks to Ihe charity in which the whole Goveming body is a participant annually. The Governots. policy is lo pul in place measures lo minimise the effect of any risks as required. The School has an effective Health and Safely Committee on which designated Govemor sits. The Committee is chaired by the Eslales & Operations Director and its minutes are reviewed regularty by the Finance and General Purp)ses Commrttee arnl the Board. 13

RYDE SCHOOL REPORT OF THE GOVERNORS 3.9 Future Plan$ The School's Mission Stslemenl. Aims and Value5 can be viewed on the School's website (www.rydeschool.org.uk). In 2022-23. the Schcol compl￿d a Strategic Development Plan for 2023 and beyond, which was develoFed by both the Senior Management Team and the Boar(l. This wll be reviewed termly by the Board. Key developments are shared parents and Ihe school ￿rnU￿ty. The School is aware that private education is prts￿ng i￿reasinglY expensNe for parents and strives to provide the best possible value combined with excellence in educalion and pa51oral ca￿. 3.10 Fundralslng a¢tlvltles ft+rRyde School The school has not engaged in any activilies lo fundraise for itse￿ over the course of the year. and as such has r￿e1Ved no complaints in rdabon to any fundraising athth"8s during the 2022r23 year, or relaling lo prior years. 4. Statement of Governors. Responsibiltties for the FinanGial Statements The Governors (who are also diTector5 for the PUTposes of company lawl are responsible for preparing the Strategic Rewrt, Annual ReporL and the financial statements in aC￿rdanCe wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally A(Lepted Accounting Praciice). Company law requires the Governor5 to prepare financk31 statements for each financBI year whth give a true and fair view of the slate of affairs of the tharity and of the incoming resources and application of resources, including the income and expenditure of the charity for thal perioj. In preparing these financial slalements, the Governors are required to.. select suilable accounting wI￿leS and apply them consistendy.- make judgements and estimates that are ￿asOnab￿ and prudent prepare the financial stslemenls on the going concem ba515 unless it is inappropriate lo presume that the charity will continue to operate". and state whether applicable UK accounting standards have been followed. subject lo material departures disclosed and explained in the financial statements_ The Governors are responsib￿ for keepirrfJ proper &counb'ng records that are suffi¢ienl to show and explain the charity's transactions and disclose wrth reasonab￿ accuracy at any time Ihe financial posib'on of the charrty and enable them lo ensure that the financial statementscomply with the Companies Act 20CE. They are also responsible fr>r safeguardin9 Ihe assets of Ihe eharity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. S..Statement as to Disclosure of Infomiation to the Auditor So far as the Governors are aware, there is no relevant audit mformation of which the charity's auditor 15 unaware and each Governor has taken all the steps that he or she ought lo have taken as a Govemor in order lo make himself or herself aware of any relevant au¢Jrt information and lo establish that Ihe charitys auditor is aware of that informat￿. This report has been prepared in accordance with the Ststemenl of ReCorrnn￿ded Pract￿ - Accounting and Reporting by Charities and in accordance wth the Companies Act 20C6. On tehalf of the Governors.. Fe Professor C.C. Lees Governor Date.. 151h March 2024 14

INDEPENDENT AUDITOR'S REPORT TO THE MEPABERS OF RYDE SCHOOL wrrH UPPER CHINE Opinion on the financial statsments In our opinion the f￿ancial slatsments.. give a true and fair view of the stste of the Charitable Company's affaits as at 31 August 2023 and of its incoming resources and applicatr)n of resources for the year then ended. have been proFerly prepared in accordance 7Mth United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance wth Ihe requwements of the Compan￿5 Acl 2006. We have audited the financial stslements of Ryde S¢hcd with Upper Chine fthe Charitakle Company") for the year ended 31 August 2023 which comprise the Slalemenl of Financial Aclivilies. the Balance Sheet, the Statement of cash flow5 and notes to the finar￿￿1 statements. including a summ8ry of significant accounting policies. The financial reporting framework that has been appl￿d in their p￿para￿tsn is applicable law and United Kingdom Accounting Standards. including Financial Reporb"ng Standard 102 The Financial Reporting Standard aPpI￿ab}e in the UK and Republic of Irel8nd Iunited ￿"ngdoM Generally Acwted Accountsng PractKe). Basi8 for opinSon We conducted our audit in accordance wth lntemab.onal Slandards on Audrting (UKI'IISAS {UKI) and applicable law. Our responsibilities under Ihose slandards are further described in the Auditorfs responslbilities for the audit of the financial statements secbon of our report. We bdieve that Ihe audit evidence we have obtained is sufficient and appropriate to provide a basÈs for our opinM)n_ Independence We are independent of the Charitable Company in ac£C￿dan￿ witti the ethical requiremen15 that we relevant to our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in aC￿dance wth these requirements. Conclu$lons.relatlng to going concem. In auditing the financial statements. we have concluded that the Govemors. use of the going concem basis of accounling.in the preparation of the financbal statements is appropriate. Based on the work we have performed, we have not identffied any material uncertainties relating to events or conditions that. individually or collectively. may cast SKJn1f￿nt doubt on the Charrtable CompanYs ability lo continue as a going concem for a perp)J of at least tWe￿e months from when the financial ststements are authorised for issue. Our responsibilities and the responsibilitRs of the GoverrKsrs respect to gollig concem are described in the relevant 5ecknons of this report. Other information The Governors are responsible for the other informal￿n. The other informalKJn comprises the infomation included in the Annual Report and finan￿al statemenfs. other than the financial statements and OLsr auditoff s report Ihereon. Our opinion on the financial Slatements does not cover the other information and. except lo the exlenl othe￿Ise eXp￿Cl11Y stated in our rep(¥( we do not express any fom of assurance conclvsion thereon. Our responsibility is lo read the other infomiatson and. in doing so, wnsider whether the other information is materially inconsistent with the financial statements. or our knowledge obtained in the course of the audit or otherwise appears to be materially misstaled. If identty such matèrial inconsistencies or apparent material misstatements. we are required lo determine whether this give5 rise to a material misstatement in the financial statements themselves. If. based on the work we have perfomieil. we conclude that there is a material misslalement ol this other informatson. we are required to rew)rt that We have nothing lo rep¢Nt in this regard. 15

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF RYDE SCHOOLWITH UPPER CHINE Other Companie5 Act 2006 reporting In our opinion. based on the work undertaken in the coutse of the ¥LbJit the informalK)n given in the Report of the Govemors. which indudes Ihe Directors. report and the Slrateglc report for the purposes of com￿nY Law. for the financial year for vthich the financial statements are prepared is consistent with the finanaal statements.. and the Strategic reFQrt and the Dire¢lors' report, which are included in the ReFQrt of the Govemors have teen prepared in xcordance applicable legal requirements. In the light of the knowledge and understanding of the Charita￿e Company and ils environment obtained in the course of the audit. we have not ￿￿entified material mi&8tstements in the Stralegic report or the Governors. report. We have nothing to report in resFect of the f￿l￿n9 matters in relation to wtiich the Companies Act 2006 requires us to report lo you if. in our ownion.. proper and adequate accounting r￿ordS have rjol been kept. or returns adequate for our audtt have not been received from branches not visited by us", or the financial statements are not in 4reement the w￿nting records aTrJ retum$,' or certain dischjsures of DireGtors' remunerab'on specthed by law are not m*; or we have not reeeived all the informalion and explanations ￿ require for our audit. Responslbllities of.GoYernors As explained more fully in the Responsibilities of Govemors. the Govemors (who are also directQT5 of the charitable ¢￿panY for the purpose5 of Company law} are responsible for Ihe preparation of the financial slalements and for being sab"sfied that they give a true and frdir view. and for such internal eontrol as th8 Governors delemiine is necessary to enable the preparation ol financial statements that are Iree from materral misststemenl. whether due to fraud or error. In preparing the linancial slalements. the Govemors are resp￿sIb￿ for assessing the Charitable Company's ability to eonb'nue as a going concern. disclosing, as applicable. matters related to going concern and using the goin9 concern basis of aecounling unless the Govemors either intend lo 14uidate the Charitable Company or lo Cease operations. or have no realists"c altemative bth to do so. Auditor's respoTrsibilitles for the audit ol the financlal statements We have been appointed as auditor under the Companies Act 2006 arKI report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole are free from material misstatement. whether due to fraud or error. and to issue an audrtorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI wll a￿ayS delecl a material misstatement when il exists_ Mtsslalemenls can arise from fraud or error and are consklered material rf. indNidually or in the aggregate. they could reasonably be expected to Inft￿en￿ the economic de(asions of users taken on the basis of these fjnancial statements. Exlent to which the audit wa$ ¢apable of detecting irregularltles. includlng fraud Irregularities. including fraud, ale instanGe5 of non•complran¢e with MYS and reguL4lions. We design procedures in line with our responsibilit￿$, outlined above, lo delecl material misstatements in respect of irregularities. including ftaud. The extsnt to which our procedures are capable of detecting irregularit￿. induding fraud 15 detailed below.. 16

INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF RYDE SCHOOL WITH UPPER CHINE Non-compllan¢e wlth laws and rgul•tions Based on.. Our understanding of the Charitable Company and the sector in vthich it operates., Discussw with management and those charged with governan￿,. and Obtaining and understanding of the Chiiable Companls pOl￿te$ and No￿dureS regarding compliance wrth laws and regulations- and We considered the significant laws and regulatons lo be Companies kt 20￿ and Charits'es Act 2011. The Charitable Company is also subject to laws and regulatsons where the consequen¢e of non-compliance could have a material effect on the amount or disclosures in the financial statements. for exomple through the imposition of fines or liligats"on. We identif￿d s￿h laws and regulabon to be the health and safety legislation and the welfare ol Ihgir pupils. Our pr¢xedures in respect of the above in¢luded'. Review of minutes of meeting of those charged with govemance for any instsnces of non-complianGe with laws regulations: Review of COffesp)ndence with kgal representstives for any instances of non•compliance with laws and regulations.. and Review of financial ststement disclosures and agreeing to supporting documentat￿1., Fraud We assessed Ihe susceptibility of the financial slatements to material misststernenL including fraud. Our risk assessment procedures included.. Enquiry with management and those charged vthh govern￿e reg*iThJ any knuwn or suspected instsnces of fraud.. Review of minutes of meeb'ng of those charged with govemance for any known or suspected instances of fraud., Discussion amongst the engagement team as to how and where fraud rn￿ht crtur in the financial stslemenls-, Performing analytical procedures to identify any unusual ￿ unexpected relationships that may indicate risks of m8lerk41 mi5sLknent due to fra￿.. 8ased on our risk assessmenL we considere¢J the area's most susceptible lo ftaud lo be the posting of inappropriate joum81 entries to manipulale financial results. partTculady in relation to the recogniliors of revenue and recording rt in the COTrect perh)d. OLtr pro￿￿ule5 in respect of the above I￿￿ded.. Tesb'ng a sample ofjcHJmal entries throughout the year, vthih met a defined risk eriteri4, by agreeing lo supporting documentation., We a150 cornrnunicated relevant identified laws and regulations and polenkn'al fraud risks to all engagement team members who were all deemed lo have apwopriale competence and capabilities and Temained alert lo any indications of fraud or non-comFAiance vrilh laws and regulations throughout the audiL Our audil proGedures were designed to respond lo risks of material misslalemenl in the financi81 ststements. recognising that the risk of not detecting a material misstalemenl due to fraud is higher than the rt5k of not detecting one resulting from grror, as fraud may involve deliberate ¢on¢ealment by, for example, forgery, rnisrepresentalions or through collusion. There are inherent limitat￿￿5 in the audit pr￿dureS Ferfom)ed and the further removed non-compliance with laws and regulations is from the events and transacfb)ns refiected in the fnancial stslements, the less likely we are to become aware of IL A further descriplN)n of t)ur reswns1bilit￿S is availabbg on the Financial Reporting Council's website at.. htt s..1A•A￿.frc.0r .uklaudi orsres ns1lxl￿es. This de5cripbon fom￿ part of our audilorfs report. 17

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RYDE SCHOOL WITH UPPER CHINE Use of our report This report is matje sdely to the Charitable Compan*s member5. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mKJhl slate lo the Charitable Company's members those matters we are required lo stale lo them in an auditorfs report and for no other purpose. To the fullest exlenl pemiitted by law. we do not aeopt or assume resp)nsibilty lo ￿yone other than the Charilabl Company and the Charital￿e Cornpany's members as a bc4Jy. for our audit work, for this report. or for the opinions we have lom)ed. 28 March 2024 David I'Anson (Senior Statutory Audiiorl For and on behalf of BOO LLP, Statuty Auditor South￿pIon. UK BDO LLP is a limited liability partnetship registered in England and Wales Iwth registered nurnber OC305127). 18

RYDE SCHOOL STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDJTURE ACCOUNn FOR THE YEAR ENDED 31ST AUGUST 2023 Unrestrieted Unrestricted General Des"Ignated Restricted Fund Funds Funds Total 2023 Totsl 2022 Income from: Donaltons Charitable aclNitEs'. Fees receivable Othereducat￿nal income Other trading activities Investments 6.566 6,566 790,708 11.042.903 139.201 7.341 243.156 11,042.903 10.565,650 139,201 87,599 7,341 81.099 370,507 451.082 11 127,350 Totsl income 11.432.601 127.350 6,566 11,566,518 11,976,138 Expendlture on: Raising funds Charitable aclivitvds 7.136 7.136 11.125 1.182 11.482,769 10.499.084 11,481.587 Totsl etynditure 11.481.587 7,136 1.182 11.489,905 10.510.209 Net Iloss}lincome before gains on investments 148.986} 120.215 5.383 76,613 1.465.930 Fair value gains on investment property 2.750,194 Nel (105sesl on investrnents (193.4411 1193,441) (186.4291 Interest rale hedge 133, 133,964 938.723 Ngt Ilo$sllincom8 84,978 173.226) 5.383 17,135 4,*8.417 Translers between funds 16 82.831 181.931) (9001 Net movement in funds for the year 167.809 {155.1581 4,483 17.135 4,968.417 Reconclliatlon of funds: Total funds brought forvtard 17.494.075 4.114.223 83.263 21,691,560 16.723.143 Total funds carrigd forward 17.661,884 3.959.(￿5 87,746 21.708,896 21,691.560 All of the chafilys activiiies in the above Iwo financial years are derived from continuing operations. All gains and losses recoJni%ed in the year are included above. The I￿leS on pages 22 to 34 fcmi part of these accounts 19

RYDE SCHOOL BALANCE SHEET AT 31ST AUGUST 2023 Notes 2023 2022 Fix•d Assets Tangible fixed assets Investment property Investments 23.000.S75 3.665.000 2.521,280 21.913.713 3,665,000 3,069.721 10 11 29.186.85S 28.648.433 current Assets Stock Debtors falling due ￿thIn one year 12 Debtors falling due after one year 12 Cash al bank and in hand 14,658 672.781 667.941 49.827 16,813 722.778 647,577 352,341 1.405.207 1,739,509 Liabilities Creditor5 falling due within one.year 13 (3.275.256) 13.150.983} Net Current Llabilltles (1.870,0491 11.411,4741 Total Assets less Currmt Liabllilles Creditors falling due after one year 27.316.805 27.236,959 14 15,608,108} 15,545,397) NET ASSETS 21,708.697 21,691.562 The funds of the ¢harity Unrestricted Income Funds Designated Educational Development Fund General funds 3.959.066 17,661,884 4,114,224 17,494,075 Totsl Unrestrlcted Funds 16 21.620.950 21,608,299 Restrlcted Income Funds 87.747 83,263 TOTAL FUNDS 21.708.697 21,691,562 The financial statements were approved by the Board of Govemors and aUthor￿d for issue on 15th March 2024. Professor C.C. Lees Governor Date". 151h March 2024 Company Number". 432077 The notes on pages 22 to 34 form part oflhese accounts 20

RYOE SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST AUGUST 2023 2023 2022 Ngl cash infloiv from DpeAtin9 activitles 815,802 1,739,131 Cash Ilows froml{us¢d in) investing activities Dividends. interest and rents"frcffn inveslments 371.841 451.,082 Purchase of tangible fixed assets Proceeds ftom sale of fixed assets Cash Tealised froM.s￿eS of investments '(1.895,1111 1,750 350.000 {2,226.5901 385.917 !Nèt ￿h.￿Sed in investing actbvities 11.171.520y 11+389,591) ,'Cash flows Iromlluse'd inl.finan¢irN a¢livities Repayment of.bor￿ving RepayrDenl ol mortgage. New borrowings (447.944) (84.131) 588.750 ,1471.9591 169.999) Net ¢a$h fr(>mllused inl finan¢ing a¢tivtties", 56,674 1541,9581 IDecr•asel in cash aiid cash ¢quivalents In the reporting period (302.5131 1192,'4171 Cash and cash gqiiiiialents at thfj"beginning'. of thè repolting period 352.340 544,758 Cash and cash é.quiiialents al.the end of,the reporting period 49.827 352,341 The.notes on pages 22 10 34 fomi part of these a￿o￿nIS 21.

RYDE SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2023 AccoUn￿n9 Policles Ryde Sch(Lil 15 in(x)rporated in England and Wa￿$ as a cornpany limited by guarantee rKJI having share capilal. There are currently 13 governors who are also members of the company. Each member has undertaken to contribute to the assets in the event ofa winding up a sum not e￿edIng £1. Ryde School is a re9islered charity. The iegislered office is given on page 2. The principal ￿ountry P)I￿leS adopted. judgements and key sources of esb"mation uncertainty In the preparation of the financial stslements are as follows: 8a*$ of Preparation The financial statements have been prepared in xcordanee with Accouniing and Rep)rting by Charit￿$.. statement of Recommended Practiee applicable to chariti.es preparing their accounts in accordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireknd {FRS 102) leffecbve 1 January 2019)- and the Companies Act 2006. Ryde School meets the definition of a publK benefit entity under FRS 102. Group financlalstatements The financial stslements show the results of the parent entity alone and have not consolidated the results of the subsidiary undertaking on the grounds of materiality. Pr•paratlon of the accounts ¢>n a going conc•m basis In preparing the financial statements on the 90in9 concern basis the Govemors have prepared financial fore￿Sts for the financial periods ending 31st August 2028 taking into acLount pnncipal risk5 and urkcertainties affecting the School's operations. including those arising from economic uncertainties including the 'Cost of Living Crisis. and w111￿81 threats to IndeFeThJertl Schools. Based on these lOr￿aSts and the abilily lo call upon funds hekl within the EDF fvnd. Governors believe the Schcol ￿11 be able to continue to OFerate within its e￿sty"n9 fa¢tlities for the foreseeable future. In preparin9 the financial stslements. the Govemors are responsible for assessing the Chafilable Company's akn'lily 10 Continue a5 a going concem. disclosing. as applicable, matters related lo going concern and using the going concern basis of accounting unless the Governors either intend lo liquhjale the Charitable Company or to cease operatrons. or have no realist￿ allemative but lo do so. Incomlng Resources Fees receivable and charges for seryices and use of premises ale accounted for in the pemd in wh￿h the service is pfovlded. Fees receNable a￿ stated after deduckn.ng alkxvances and bursaries. Interest on funds held on dep)sil is included when receivabfe and the amount can be measured reliably by the charity.. this is normally upon noliftcalion of the interest paid or payable by the bank. Dwidends are rewgnised once the dividend has been declared and nolifi¢ab"on has been re￿iVed of the dividend due. This is normally upon notification by our investment advisor of the divKlend yield of the investment portfol￿+. Grants and donations are reccgnised when the schcol is entiljed to the irtome. il can be measured reliably and il is probable it will be received. 22

RYDE SCHOOL NOTES TO THE ACCOUNTS (continu￿) FOR ThE YEAR ENDED 31ST AUGUST 2023 Resources Expended Expenditure is reccgnised On￿ there is a legal or construclive obligation to make a payment to a third party, it is probable that settlement will be required and the ¥nounl of the oblijalion can be re¢g3nised reliably on an accruals basi5. Costs of generating funds aTe those costs incurred in attracting voluntary income and investment management fees incurred as a iesult of maintsining the School's investrnenl portfolio value. Charitable activities include expenditure associated vAlh the proVis￿n of educational services, including boarding facil1t￿s. and include both the direct costs and supwrt costs relating to those activities. Governan￿ costs include those incurred in the governance of the School and its assets and are primarily associated vrilh constitutional and statutory requirements and are allocated to charitable activiti8S. Support costs include central functions. Tangible FixedAssets Individu81 fixed assets costing £5(￿) or more are capitalised at cosL Tangible fixed assets are stated in the balance sheet al cost. DepreCiat￿n is provided on all tsngible fixed assets, other than freehold land, at rates calculated lo write off ihe cost less estimated resKJual value of each asset on a strauht line basis over its expected useful life as follows.. Freehold buildings Fumf(ure. equipment and mxhinery Motor vehicles 10%-33% 25% Investments Investments are slated al their market value. The value of unit trusts is the closing quoted market price. The statement of financ&al activitRs includes the net gains and 105se5 i8ing on revaluation and disposals throughout the year. Investments in subsKliaries are stated at ￿st Eess any prows)n for impaim)ent. Invèslmenf Property" Investsnent Ivopety is ststed at fatr value detemiined with Teference lo regular valuations by external valuers based on the current value of expected future income and updated by the directors in intervenin9 periods. Changes in fair value are reccrfJnised in In￿Me during the year. Pensions The School contn"bules to Ihe Aviva Pension Tnjsl for IndeFendent Schools {APTIS) scheme. which is accounted for as a defined contribution scheme. No staff remain active parlKipanls in the Teachers, Pension Defined Benefit Scheme ITPS}. The Scheme is a multi*mployer pension scheme and it ss not possible lo identify the assets and liabilities of the Scheme which are attributable to the School. The School also operates a defined contribubon scheme for non-teaching staff where the assets are held in an entity separate lo the School. Contributions lo bcth schemes are charged to the Stalement of Financial Activities as they become payable in accordance with the rules of the schemes. Oebtors Debtors are measured on inrtial recognit￿n at setuemenl amounl after any trade distL)unts. 23

RYOE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023 Cesh and cash •quivalents Cash and cash equrvalents includes cash and short lemi hwJhly liquid investments wth a short maturity of th￿e months or less from the opening ofthe deposit or similar accounL Cash holdings within the investment portfolio are recognised as cash at bank and in h￿d on the bakin￿ sheet Taxation Ryde School. as a registered charity, is exempt fr￿7 CorpJratson Tax under Chapter 3 of Part 11 to the Corporation Tax Act 2010 or Section 256 of the Taxal￿n of Chargeable Gains Act 1992 to the extent that surpluses are applied lo its charitsble purpK)ses. The cost of irrecovetable Value Added Tax is i￿luded wrthin relevant expenditure. Financlal Instruments Basic financial 1nstruff￿nts are initially Teccgnised al transacb.on value and subsequently measured al their settlement value. The school has entered into an interest rate he(hJe agreement wlh regards to Ihe bank loan to offset the impact of rising interest rates. The arrangement ts measured al fair value and the a5sel or liability is recognised on the balance sheeL Changes in fair vdug arg reported Ihrough the Statement of Financial Aclivilies. Operatlng leases Rentals payable under oFerab'ng leases are exFensed on a straight4ine. basis over the lease term. Fund accounting Restri¢te(S fvnds are those must be ap￿led in accordance vdth the purpose specified by the donor. Expenditure relating lo these wrposes is therefore charged directty to the ftjnd. The unrgstricled income fun(is comprise those funds the Govemors are free to use for any purpose in furtherance of the charitable objects. Such funds include designated funds where the Govemors, at their discretion. have ￿ated a fijnd for a specific purp)se. Transfers of funds betsveen general unrestn'cted funds and designated furKfs a￿ approved by the Govemots. A transfer is made be￿een the geneial unresln.cted fijnds and the Educational Devebprnenl Fund to finanGe bursarie5 and scholarships. Judgements In applylng accounting policles and key sources of estimation uncertainty In prepafing these fmancial statements. the govemors have considered the lollowng fomis of eslimats'on uncertainly". Fixed assets Residual value of assets. Economic lives of assets. Debtors Impaimient of debtors are assessed to Klentify net recoverab￿ *nounts. Hedge Underlying discount fates when undertaking the.fair value of the interest rale hedge. Investment Properb'es Investment properties are measured al fair ¥a￿e. 24

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023 Fees Receivable 2023 2022 Fees Receivable Less.. Scholarships and BursaTie5 11.767.172 (724.2691 11,334,413 1768.763) 11.042.903 10,565.650 Net Incomlng Resources for the year Thi8 is stated after charging.. 2023 2022 Audilorfs remuneration Depreciation- owned assets Operating lease rentals- equipment 70.276 802,588 210.714 17,500 781,665 148,534 4. Other Income 2023 2022 Other Educational Charitable Activities Sile sub-letting Holklay school 23,502 115.700 14,399 73.200 139.201 87,599 Charitable activities 2023 2023 2023 2023 Total 2022 Total Unr•stsiGt•d Gewal Fund i11￿￿t￿Gi￿d R•strlct•d 0È51gnated Fund Fund Chaiilable activities Staff costs Other direct costs Deprecialton Bank and loan interest {note 71 Support cost Inole 6> Govemance costs Raising Funds Total 7.029.226 2.341.921 802.588 150.729 1.084.622 72,502 7.029.226 2.343.103 802.588 150,729 1.084.622 72,502 6,546,368 1,919,219 781,665 139,431 1,090,203 22,198 1,182 11.481.587 7.136 1.182 11,489.905 10.510,209 The govemors consider the charity lo have a single charitable activity. the provision of education services. 25

RYDE SCHOOL NOTES TO THE ACCOUNTS Icontlnuedl FOR THE YEAR ENDED 31ST AUGUST 2023 6. Analysis of support and governance costs 2023 Total 2022 Total Support osts Governance costs Staff costs Other Audit Fees 629.197 455.425 629.197 457.651 640.721 454,180 2.226 1.084,622 72.51Y2 1.157.124 1.112,401 Interest Payable 2023 2022 Bank interest Bank loans Mortgage interest 51.215 224.635 63,752 844 124,C62 14,525 339.602 139,431 Employeès 2023 2022 Staff costs during the year.. Wages and salaries Social security Pension costs 6.390.377 640.518 724.031 5.745.421 583.722 857,946 7,754,926 7,187.089 The average numberof empbyees of the scho￿ was as folk)ws: 2023 2022 Teaching slaff Catering. cleaning and maintenance stsff Administration stsff Support staff 116 22 12 18 13 214 203 The number of employees whose er￿lumentS exceeded £60.000 werg.. 2023 2022 £60,000- £69,999 £70,000- £79,999 £80,000- £89,999 £90.000- £99.999 £100.000 + No remunerab'on or benefits were paid to any Govemor during 2023 crf 2022. During the year Govemors incurred and reclaimed travel expenses of £2.226 {2022.' £4.6981. Governors are indemnffied under the School's public liability policy the overall premium for which costs £2,21312022.. £1,802}. Key managemontpgrsonnel The aggregate amount of employee beneffts paid lo key management personnel was £1,068,790 (2022.. £573,719). 26

RYDE SCHOOL NOTES TO THE ACCOUNTS Icontinuedl FOR THE YEAR ENDED 31ST AUGUST 2023 Tanglblg Fixed Assets Freehold Land & Bulklings Fumiture. Equipment & Machinery Motor Vehlcles Total Cost At 1 st Sepiember 2022 Additions Disposals. 26.163.137 1.432.190 5.705.137 450.921 (184.760) 60.401 12.OCKI 31.928.675 1.895.111 1184.760} At 31st August 2023 27.595.327 5.971.298 72.401 33.639.026 Depreciatlon At 1st September 2022 Provided during year Disposals 5.488.015 494.732 4.467,860 305.885 1179.099) 59.088 1,971 10.014.963 802.588 1179.099} At 31st August 2023 5.982.747 4.594.646 61.059 10.638.452 Net Bookvalue Al 31st August 2023 21.612,580 1.376.652 11.342 .23,000.574 Al 31st August 2022 20,675,122 1,237,277 1.313 21,913,712 Included in the f￿￿re for freehotd larKI and bulkI￿gS 15 freehold land of £1.285.00012022= £1,285,000} which has not been depwtated. 10. Invesfm8nt Property Totsl Falr value As at 3111 AugLisI 2022 3.665.000 At 311t August 2023 3.665,000 A valuation was prepared by Samantha Hill MRICS. a RICS registered valuer al Savills (UK) Limited dated 19th January 2023. Savills have previously visited the sile and carried out a desktop valuation based on the present value of future rental irwme and market movements over the year. The Governors do not consider there have been signifKant changes since the January valualKm that woukl have a matsrial impact on this valuation. 27

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023 1.1. Flxgd Asset Investments 2023 2022 Quoted lat market valuel UK listed unit trust 2.521.180 3.C69.621 2.521,180 3.C69.621 2023 2022 Investment In subsldlary 100 100 Ryde School Construction Limited is 1￿% tY4vned subsidiary {Company number 105132271. The subsidiary has l)een used to undertake a new boarding house development on the Ryde School sile. The subsidiary'5 reglstered address is Ryde Scho￿. 7 Queens Road, Ryde. Isle of Wuht. P033 3BE. 2023 2022 Mov•ment in y•ar At 151 September 2022 Drawdowns Dividends, interest and fees Nel {lossl on revaluation 3.069,621 (350.000) 15,000} 1193,441) 3.641.967 {385,917) (186,429) At 31st August 2023 2.521,180 3,069.621 The unil trust fund is invested solely in the Schrcller Mulli-asset unf( Irust fvnd. Investrnent income is deliv￿ from.. 2023 2022 UK listed unit trust Rent receivab UK bank and other interest 123,880 243,156 3.470 143.847 307,230 370.507 451,082 12. Debtors.. Amounts Falling Due Wlthin Onè Y•ar 2023 2022 Fee aC￿Urtts other debtcis Interest rale hedge Prepaymgnts 147,588 13.928 243.616 267.650 198.577 214.406 130.016 179,779 672,781 722,778 Debtors: Amounts.Fallin9 Due After One Year 2023 2022 Interest rate hedge 667,941 647,577 28

RYDE SCHOOL NOTES TO THE ACCOUNTS {continued} FOR THE YEAR ENDED 31ST AUGUST 2023 13. Credltofs: Amounts Falling Due Withln One Year 2023 2022 Fir5l Debenture Loans 5.5% Mortgage Bank loan5 Trade creditors Accruals Social Security and Other taxe5 Fees received in advance Other creditOTS 950 94,576 446,103 241,389 90,563 158,345 1.801,352 441,979 950 69,999 476,717 151.959 84.969 149.*0 T.710,088 506,341 3.275,257 3.150.983 The debenture loans are re(leemabk at the opb.on of the company on giving Ihree months, notice. Fees in advance represent fees receNed in advarKe of 31 August exh year for Ihe Autumn term and beyond. which commen￿$ in September. 14. cred110￿". amounts falling due after more than one year 2023 2022 Bank k)ans Mortgage 4.534.727 1,073.381 4,952,057 593.340 5,608,108 5.545.397 An analysis of the maturity ol h)ans is given belcm.. 2023 2022 Amounts falllng due wlthln one yearoron demand Bank l¢)ans Mortgage Debenture loan 446,103 94.576 476.717 69.999 950 541,629 547.667 Due In more than one year Due in more than one year but not more than Due in more than ￿ years bul not more than five Due more than five y&qrs 563.619 1,626,399 3.418.090 554,018 1,578,033 3,413,346 5.608,108 5,545,397 The bank loans and mortgages are secured on the SchcM)I's premises in Ryde and a fixed and floating charge over all assets of the School. Interest is being charged al 1.59% over HSBC base rate for the loans and one mortgage, and 1.95% over HSBC base late for the remainit¥J mortgage. The Schod has the followng laciliies wth its bankers, all under 15-yeaf terms. £3.7m loan raised in the 2011 financrdl year. a £4.5m loan raised in the 2021 financial year for the constructK)n of th8 n8w boarding house, a £0.9m mortgage raised in the 2018 financial year to purchase a property for boarding facilities and a £0.6m mortgage raised in the current finanoal year. 29

RYDE SCHOOL NOTES TO THE ACCOUNTS {continuedl FOR THE YEAR ENDED 31ST AUGUST 2023 15. Flnanclal Instrnments The chartty's financial instruments may be anatysed as folbvts". 2023 2022 Flnan¢lal assets Finan¢¢al assets measured al fair value 1hrol￿jh the statement of nancial activity Financial assets that are measured at amortised cost Derivative fina￿la1 instruments destgnated as hedges of Variable interest rale risk 2,521.180 3.CE9.621 88.182 750.454 911.557 777,593 Financial liabilities Financial liabiliti'es measured at amortised cost 8.821,864 8.696.380 Financial assets measured al fair value thrcwgh the stalemenl of finarKial aclNity comprise fixed assel investments in a UK listed unit trust. Financial assets measured at amorti5ed cost comprise ¢ash. trwje debt(ws and other debtors. Derivative financk?l instruments deS￿nated as hedges of variable interest rate risk comprise interest rate hedges. Flnantlal Ilabil￿eS nleasured al amortised eosl comprise debenture and bank loans (including mortgagel, trade c￿rtorS. other creditors and accruals. The School entered inlo a fixgj interest rale hedge to hedge the FQtenlial volakn'lty in ftrture interest cash flows arising frcffl movements in the HSBC base rale I"Interest Rate Hedge'l. The Interest Rale Hedge commenced on 1 April 2021 and lemiinates on 28 June 2030 and coversthe prirKipal amount of£6.711.234 being the entire amount oulstanding at 31 March 2021 under the Exisb"ng Facilities. New Facilities and the mortgage. The Interest Rale Hedge is th.xed al 0.394%. as a result of increasing base rates during the year, whiGh are now in eX￿sS of the hedged rate, Ihe Schcol holds an asset for this commtlment on the balance sheet. As at 2023 year end the fair value was £911,55612022.' fair value of £777.5931. The change in fair value in the year was £133,96312022'. £924.716) which is sh¢)wn as'lnterest Rale Hedge. on the Slater￿n1 of Financial Aclivilies. 30

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued} FOR THE YEAR ENDED 31ST AUGUST 2023 16.. Analysls of Ch•rit•bl• Fund$ Balance at 1st S•ptsmbef 2022 Nèt Transfers Balance at R￿QUIC0S galnlllossl on betsween 31$t August txpended investments funds 2023 and oth•r9ains Incomlng r•sour¢ès Unrestricted funds Deslgnated fun Educational DevekJpmÈnt Fund IEDFI General funds 4.114223 17,494.076 127.350 11..432.601 17.1361 111.481.S87) 1193.4411 133. 181,9311 3,959,C65 82,831 17,661,885 Total unrestrlcted lunds 21.608,29a 11,559,952 111.488.723} 159.477) g¥JO 21,620,951 Restricted funds Creasey and Brown Fund Ryde Bursary Fund 7.031 76232 7.031 80,715 {1.182} 19001 Total restrlcted funds (1.182} 19001 87,746 Total funds 21.691.562 11.￿.518 (11.489.&15) (59.47T) 21.708.697 The restriction on the Theatre donakn.on has been fulfilled by ￿lIdIng the Theatre and therefc ReStr￿ted Funds have been Iransfefred lo Unrestricted.General Funds. Analysls of Charltable F.unds- prlor year 8•lanc• #t 1st S•ptember 2021 Net Transf¢ Balanc• at Resources g3inlllos$l on b¢￿een 31st August expended investments funds 2022 and Ott￿r gains In¢orning resoU￿t$ Unr¢$trictsd fund8 D¢$ignaled funds Educational Devebpnnt Fund IEDF) G•ntrnl fund# 4,282.943 12,313.108 143.852 111,1251 11.041.579 (10,498.3841 1186.4291 3.688.917 19S.018I 4.114.223 948.856 17.494,076 Total unrestrlcted funds 16,576.051 11.185.431 (10.509.509) 3.502.488 853.838 21.608.299 R•strict•d funds Cr8asey and Bfovm F4H Ryde Bursary Fund Theat￿ Fund 7.881 67.912 71,500 (8co) (1(Kl) 7.031 76.232 8.370 782,338 1853,8381 Totsl rèStrkt￿ funds 147,093 7￿.708 I7￿) 1853,8381 83,263 Toial fund5 16.723.144 11.976.139 110.510.2091 3,502,488 21.691.562 The EDF includes the Schcx)I's free reserves {see Report of the Govemorsl sel asK1e by the Governors to provide funding for grants and awards and where appropriate to provide finance for building devekJpmenL Transfer between Funds A conlributson is made every year towards scholarships and bursaries from the EDF to the general fund. In 2023 this amounted lo £125,58012022'. £133,746). A transfer from the school lo EOF was made of £43.649 {2022.. £38,7281.being the interest charge on funds ublised during the year by the School, IheTeby fesulting in a net transfer of £81,931 as ￿￿rted in the Statement of Financial Acb"vities. 31

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023 17. Analysis of Net Assets between Fund$ Edu¢otbonal De¥elopment Fund General Funds Restr5ctsd Funds Total Tangible Investment Properties Investments Cash at bank Other nel current a5setsllliabilities) Creditors > 1 ye 22,498.025 3.e65,000 100 172,715) {2.820.4171 15.608.108) 502,550 23,000,575 3,685,000 2,521,280 49,827 {1.919,8771 {5.608,108) 2,521,180 34,795 900.540 87,747 17.661.884 3.959.065 87,747 21,708,696 18. Contingent Liabi1Sties and Capital Commitments Capital commitsnents amounted to £261,631 (2022:.£115.331) at 315t August 2023. There were no contingent liabiltti8s as at 31 August 2023. 19. Pos1-Balanc• She•t Eyents There were no post-balance sheet events in the year. 20. Teachlng Staff P.¢nslon Fund Since exiting the Teachers. Pension Scheme (TPSI at the end of August 2022, the School solely participate5 in the Aviva Pens￿ Trust for Independent S¢hools {APTISI for rts leaching staff. The SchfX)I made contributions durin9 the year of £635,539 {2022: £85,516 to APT]S and £680,159 TPSI. The School also runs a scheme for its non-teaching staff. wh￿h is a defined contribubons scheme. The cost for the year represents the Schryjl's coniribulions to that scheme of £88.492 (2022.. £92.2711. 21. Commltment under opernting leases As at 31 Augusl 2023 the charity had minimum lease payments under non4ancellable operating leases as sel out below. 2023 Furniture, equlprnent and machinery 2023 riotor Vehiclès 2022 Furniture. equlpment and machinery 2022 Motor Vehicles Operating ieases which expl￿". Wthin one year In ty￿ to five years 25.S51 86.134 60.439 38.590 31.894 4.813 56.179 55,648 111.685 99,029 36,707 111,827 32

RYDE SCHOOL NOTES TO THE ACCOUNTS leontinuedl FOR THE YEAR ENDED 31ST AUGUST 2023 22. Re¢on¢iliation of Net Movement In Funds to Net Cash Infiow from Operatlons 2023 2022 Net movement in funds Depreciation charges Losses on investments {Gainsl on investment property {Gains} on interest rale hedge DivKJends and rents from investments {GainsyLoss on the sale of fixed assets D￿reasellInCreaseI in stock Decreasellln¢reasel in deblors Decrease in creditors 17.135 802.588 193.441 4.968.417 781.665 186.429 {2.750.1941 (924.7161 (451.0821 1133,9641 (366,841} 3.911 2.155 163,596 130,310 15,4931 (209.1431 143,248 Net rash provided by operating activilies 812.332 1,739.131 Analysls of cash and cash equivalents 2023 2022 Cash at bank and in hand Cash held as part of investment I￿rtfol 15.032 34.795 317,180 35,161 Total cash and cash equivalents 49,827 352,341 23.. Reconclliallon of Net Debt 1 S•ptember 2022 rooo 317.180 35,161 (6.092.112) 19501 Other non cash Changes £'ooo 31 August 2023 £'ooo 15,032 34,795 {6,148,7871 19501 Cash flows £'ooo 131r2.148) 1366) {56.675) Cash at bank and in hand Cash al investment manager Bank loans Debentur8 loan 5.740 721 359.189 6099910 33

RYDE SCHOOL NOTES TO THE ACCOUNTS Icontinuedl FOR THE YEAR ENDED 31ST AUGUST 2023 24. Statement of Finan¢i•l A'ctivitles for the year ¢nded 31" August 2022 Notes Unrtstrlcted Unrestricted General Designated Restricted Fund Funds Funds Total 2022 In￿me from: Oonalions Charitable aclivitses.. Fees Trceivable OlhereducatAOII81 incom Other trading acb'vities Investments Other Income 790,708 790,708 10.565,650 87,599 81.099 307,230 10,565,650 87.599 81,099 451.082 11 143.852 Total inc¢)mo 11.041.578 143.852 790,708 11.976.138 Ex￿nd[ture on: Raising. funds Charitable activities 11.125 11,125 700 10.499.084 10,498,384 Total ex￿ndit￿re 10.498,384 11.125 700 10,510.209 Nel income before gains on investments 543,195 132.727 790,008 1,465,930 Fair value gains on investment ProFerty 2.750.194 2.750,194 Nel Ilossesllgains on investh￿nts and revaluation of assets 1186.4291 1186.4291 Net Incomo 3.293.389 153.7021 790,008 4.029.695 Interesl'Rate Hedge 938.723 938,723 rranslers belween funds 16 948.856 195.018) (853,838) Net movement In fund5 for the year 5.180.968 {148,720) 163,830) 4.968,417 Rèconciliation of funds: Total funds bfoughl forward 12.313.107 4.262.943 147.093 16,723.143 Total funds carried forward 17.494.075 4.114,223 83,252 21,691,560