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 opkvJrtunii*s 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 numt*r 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 r*gul•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 Ch*iiable 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 Devebpn*nt
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