2024-08-31-accounts

Charity Registration No: 307409 Company Registration No." 432077 RYDE SCHOOL WI'TH UPPER CHINE Annual Report and Financial Statements for the Year Ended 31°, August 2024 "AE3LRWUI' 2910512025 COMPANIES HOUSE

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RYDE SCHOOL CONTENTS Page No. Report of the Governors including the Strale9ic Report 2-15 Report of the Independent Au(lilor 16-19 Statement of Financial Activities 20 Balance Sheet 21 statement of cash flows 22 Notes to the Accounts 23-35

RYDE SCHOOL (Company No: 432077. Charity No. 307409) Referencè and administrative details Name: Ryde School (known as Ryde School with Upper Chine) 80ARD OF GOVERNORS (All Governors are Directors for the purpose of company law, and Trustees of the charity) Chalr of Gov•rnors: Miss C. Doerries K.C. Vice Chalrman and Honorary Governor: Dr M.D. Legg BSC, M.B.B.S. Hereditary Governor: Mr l. Mclsaac BA (Hons) Honorary Governor: Mr P.l.J. Weeks Governors: Mrs M. Esfandiary Mr P, Hamilton Mrs F. Hnatow Mrs C. Jacobs RGN (resigned 2181 March 2025) Professor C.C. Lees MB BS Bsc MD FRCOG Mr B. Sualy PGCE, ACA (appointed 21 ¥1 March 2025) Mr A. Tate MA Mrs J.L. Wallace-Dutton Mr S. Williams MA 8Sc (appointed 2111 March 2025) Mr G.R.S. Whitefield Clerk to the Governors and Company Sècrètary: Mrs S. Webb AMlnslLM l Assoc CIPD Head Master: Mr W. Turner BA (Hons), PGCE Flnance Dlrector.. Mrs R. Kennedy Bsc (Hons), PGCE, ACMA Bankers: HSBC, 38, Union Street, Ryde. Isle of Wight, P033 2LJ Auditor: BDO LLP, Arcadia House. Maritime Walk, Ocean Village, Southampton, S014 3TL Soli¢itors: The School seeks legal advice from several firms dependent on the topic. Investment Advlsors: Cazenove Capital Holdings Ltd, 12 Moorgate, London, EC2R 6DA Registered Office: Queens Road, Ryde, Isle of Wight. P033 38E

RYDE SCHOOL REPORT OF THE GOVERNORS The Governors present their report logether wilh the financial statements for the year ended 31st August 2024. l. Objectives and activities Charitable Objects and Aims Ryde School is a charity that seeks to benefit the public by pursuing and delivering its educational aims detailed below. Its fees are set at a level that ensures financial viability and provides excellence in education. The School welcomes pupils from a variely of backgrounds. Unlike many schools, pupils are not selected on their academic ability bul need to demonstrat8 that they will fit into, the School community and benefit from the education on offer. Economic status. ethnicity, race and religion are not part of the assessment process as the School is an equal opportunity organisalion and encourages a community that is free from discrimination although the School is a Christian foundation registered with the Church of England diocese of Portsmouth as having a particular religious character. The inculcation of Christian values is important to the School but it recognises the values of other faiths. The School endeavours to follow best practic8 as recommended by the Charity Commission in discharging its aims and objeclives to the benefit, as far as possible, of the public both locally, nationally and internalionally. School Values We are an Island school wlth a global outlook Our purpose is lo provide an exceptional education on the Isle of Wight, enabling our boarding and day pupils to flourish in mind, body and soul. We nurture pupils to make a positive difference and embrace the opportunities of the wider world. Our Alms Our four aims, derived from our Mission Slalement, provide a clear sense of purpose to drive the delivery of our mission statement. EXCEPTIONAL SCHOOL - We are an exc8Ptional school, provldin9 an exceptional education in an outstandlng learning environment. MIND - We develop pupils to have a love of learning, a sense of curiosity and an ability to think independently. BODY - We recognise the importance and b8nefits of a healthy lifestyle, physical exercise, indoor and outdoor activities and personal challenge. SOUL - We encourage all members of our community to develop a sense of their own wellbeing and to foster self- reflection. Our Values Our values underpin our communily, shaping everything we do and how we go about our daily lives. AMBITION - We are ambitious both individually and for our School. We hav6 high expectations and aspirations. RESPONSIBILITY-We take responslbility for our own actions and decisions. We value integrity and sew-discipline. COURAGE - We have the courage to be advenlurous and to be rlsk-takers. We have the tenacity to keep trying and to overcome challenges. RESPECT - We respect ourselves, each other and our community as a whole. We expect kindness, inclusivity, empathy and open-mindedness.

RYDE SCHOOL REPORT OF THE GOVERNORS Our Ethos Ryde is a Church of England School. Christian values inspired and guided the founders and we were recognised as a designaled Church School in June 2006. The Bishop of Portsmouth is our visitor and we have a special relationship with All Saints, where we hold assernblies, major services and where the Senior School meets regularly for a service of reflection. The All Saints, Team also provides our chaplaincy. The inculcation of Christian values is important to us, but we recognise the values of other faiths. offer opportunities for other faith leaders to speak in the School and teach world religions in RS classes. We expect all pupils to attend our assemblies and church services which reflect the broad and inclusive nature of Anglicanism. We hope that pupils who profess not to have a faith will grow spiritually in that they develop a sense of awe and wonder of the world in which they live. As an Internatlonal Baccalaureate (IB) School w• want our puplls to become.. Balanced Carin9 Communicators Courageous Creative Inquirers Knowledgeable Open-minded Principled Reflective Risk takers Self-disciplined Thinkers As a Round Square School we belleve In and encourage puplls to engage wltly. Internationalism Democracy Environmentalism Adventure Leadership Service As a Prep School Baccalaureate (PSB) School we encourage our puplls.. To learn lo lead, to work as a team and to operate independently., To be reflective, seeing all learning as a chance to review and improve; To take every opportunity to develop their communlcation skllls.

RYDE SCHOOL REPORT OF THE GOVERNORS Monitoring The School assesses its success in delivering its mission, aims and values through the work of the Board sub- committees who monitor the School's strategic development plan against the mission, aims and values. Public Benefit The Governors confirm that they have due regard to the guidance on Public Benefit published by the Charity Commission in exercising their power and duties. The Board of Governors is committed to meeting its responsibilities with regard to the provision of benefit to the wider public. 2. Structure, Governance and Management The School is committed to maintaining the high standards of Governance r8cogni58d In recent School inspections. 2. 1 Governlng 1￿cUMent The School is governed by its Memorandum and Articles of Association supplement8d as necessary by bye-laws determined by the Board of Governors. The company is a charity limited by the guarantee of its members and was incorporated on 28th March 1947 and registered as a charity on 41h March 1964, its activities being the provision of education to boys and girls of all ages as well as the continued development of the School as an educational resource of high quality on thè Isl8 of Wight. Its Registered Charlty Number is 307409. 2.2 Recrultment and Tralnlng ol Governors Governors are elected by the Board for a term of four years, which can be extended for a further four years and in the case of the Chairman, for a maximum term of ten years. Two Governors may be nominated by the Old Rydeians, Association and one by the Upper Chine Old Girls, Association. The current Governing body represents the membership of the company. The Board selects new board members on the basis of thelr personal competence, specialist skills and availability. Governors are inducted by the School's Clerk and Head Masler and provided with copies of governing documents. bye-laws and external charitable guidelines pertinenl both to independent schools and chaflties as well as all the necessary statutory and regulatory compliance checks. All Governors are encouraged lo atlend courses run by AGBIS and the Board's own regular in-house training sessions on pertinent matters and policies. The Board 8ppralses its effectiveness every year. 2.3 Organisational Management The Governors determine, with the Head Master. the general strategy, aims and ethos of the School. The day-to- day managernent of the School is delegated to the Head Master, Deputy Heads and Heads of Section together with the Finance Director and Estate & Operations Director. The Board operates through two main committees. There is a Finance and General Purposes Committee, chaired by Mr Whilefield, which approves and monitors budgets, reviews the annual audited accounts and the School's tangible asset resource. The Education Committee. chaired by Mr Hamilton, reviews educational and pastoral issues in conjunction with senior leaching staff. Both committees meet each term prior lo the full Board. The Board is also advised by a Remuneration Committee. which determines senior salaries. The Remuneralion Committee in conjunction wilh the Head Master considers the appropriate level of pay for the senior management team. It also recommends to the Board the Head Master's remuneration. In recommending and assessing these levels of remuneration the Remuneration Committee uses national statistics as benchmarks.

RYDE SCHOOL REPORT OF THE GOVERNORS The Governors and Senior Leadership Group have a strategy morning prior to each full Board meeting to discuss major issues. The Board has a Governance and Nominations Committee, chaired by Dr Legg. which determines the skills the Board needs to function effectively and advises it on succession planning. Mr Weeks represents the Governors on the Health and Safety Committee and Mrs Jacobs is the lead Governor for Safeguarding. The Risk Management Committee, chaired by Mrs Doerries, monitors the Risk Register on a termly basis to ensur8 the School's risk management, control and governance arrangements are adequate and effective. The Board meets every term and on other occasions as required; the Education Committee, Finance and General Purposes Committee and Rlsk Committee all meet three times a year,. the Strategy Group meets as necessary and the Remuneration Committee meets ￿lce a year. There are no specific related parties except for the parent body, with whom the School consults on a regular basis. It is cognisant with both AGBIS and HMC communications used to infomi, educate and improve governance. 3. Strategic Report 3.1 strategic Objectlves To deliver its staled charitable aims and objeclives, the School is cornmitted to delivering an excellent all-round education. By maintsining high standards of academic perfomance. pastoral care and citizenship and ensuring pupils, abilities are developed to their full potential. The Governors, in fulfilling their charitable obligations, are mindful of the need for the School to be accessible to the local community by offering a broad curriculum while providing bursarial support. 3.2 Benefits to the Communlty The School aims to providè benefits to its community in three ways. First. th8 School provides financial assistance to families who would not otherwise be able to afford the school fees, The lev81 of thls SUPPOrt varies from a relatively small amount. 10 % or 20 % of the fees, to a 90 % bursary in limited circumstances. Support is offered mostly to pupils who live on the Isle of Wight, but some pupils, including a number from Ukraine, benefit from a boarding bursary and the School works with the local authority and national charities to enable boarding for some vulnerable children who can so benefit. Whilst around a quarter of our boarders come from the UK, the majority are overseas students and the School benefits considerably from the cullural diversity and different world view that they bring to the School and indeed to the Island community. Secondly, the School aims to support the local community through forging educational links with stale schools and by sharing facilities. Thirdly, the School alms to support local and overseas charities either by offering the use of facilities or directly by fundraising. H•adllne flgures for the year to 31 August 2024, as per the rnsults of the ISC economlc Impact tool calculations for Ryde School.. Amount of money raised for UK charities: £10,567 Contribution to UK GDP: £21.5 million Contribution to the Isle of Wight economy- £11.8 rnillion Total amount of UK tax supported by Ryde School's activiliès.. £6.2 mlllion Total savings for UK tax payer as a result of pupils attending who would otherwise attend state schools= £5.7 million Total number of UK jobs supported by the school's activity.. 430 Number of pupils receiving means tested bursarial assistance: 55 Amount of money spent on bursarial support to pupils last year.. £877,884 Total number of voluntary hours that students put back into the community through volui)Idry activity such as Duke of Edinburgh - 3,360

RYDE SCHOOL REPORT OF THE GOVERNORS Bursaries. Scholarships The School advertises Scholarships and Bursaries in its promotional literature (Current Information). its website and in the local press. Examinations and interviews for Scholarships and Bursaries take place in November. Places are available for entry into Years 7, 9 and 12. The criteria to receive a scholarship are significant achievement and potential either academically or in one or more of several extra-curricular areas. Scholarships can be academic. sport, music, sailing or arts (allowing for success in, for example. Drama, DT or Art) and those in receipt of one are expected to benefit from an education at Ryde School, generally but also in nurturing their particular talent, and make a positive contribution to school life. The School has the same expectations of its fee-paying pupils. Those in receipt of a scholarship will automatically get support to develop the area of skill of the award- for example, music scholars are supported wilh complimentary individual tuition. In addition. all those awarded scholarships become eligible for fee assistance. The level of fee assistance is determined after an assessment of parents, (or guardians'l ability to pay the fees; assistanc8 can be as high as 900/0 and occasionally grants are made to assist with school trips or uniform. Assisted Places are offered to some boarders, who are also assessed as to the level of support that is required. Usually. one or two pupils a year are nominaled through the Headmasters, and Headmistresses, Conference (HMC) Eastern European Scholars Programme, which carries out its own assessment of parental means. HMC Scholars receive up to a 1000/0 bursary. The total value of bursaries amounts to £878k or 6.10/0 of gross fee income. Approximately 7Q/o of pupils receive such support. Funding for bursaries comes from three sources. The School uses the rental income it receives from the letting of the Bembridge 8oarding Campus, investment income from the Educational Development Fund (these two sources funded approximately 45D/o of means tested bursariesl., the remainder coming from the surplus derived from fee income. 11 is a long-term strategic aim of the School to incr8as8 further the size of its Educational Development Fund in order to provide further means tested bursarial assistance. The School conlinues to assist some pupils already in allendance, when parental circumstances change. Such help is given after means testing; it is the School's wish to see such pupils complete the appropriate stage of their aducalion. In budgeting for its awards, the School attempts to strik8 a balance between the use of its rental and investment income, and fee income, and in recognising that many parents have already made significant sacrifices to fund the education of their own children the School aims to keep fees 8s low as practically possible. To foster bursarial support further the Governors have 8Stablished a restricted fund - "Ryde Bursary Fund" to which parents and staff donate. In addition, in order lo assist further children whose parents might not otherwise be able to afford to choose it, the School fosters its relationship with other grant making bodies and particlpates in the Governmenl's Nursery Voucher Scheme. The School has offered particular assistance to children who would benefit from boarding due to their personal or family circumstances and has worked with Ihe local authority and national charities to identify and place children in care or those who would otherwise not be able to access a boarding school education. Puplls, voluntary work Pupils and slaff are encouraged to follow the School's motto of Ut Prosim and live a life ofservice. Many are involved directly and indireclly in fundraising, active community service and local engagement. The School joined the Round Square Organisation in 2020 which expects of, and provides opportunities for, its member schools engagement with voluntary activity. There are active groups such as the 'Green People, in the Senior School and ecology groups in the Prep and Pre-Prep who engage in environmental action. Many of our pupils in Year 10 take part in the Bronze Duke of Edinburgh Award last year 68 pupils did at least 12 hours of voluntary work each. That is around 816 hours volunteering in the community. Some pupils continue doing the Silver Duke of Edinburgh Award in Year 11. Last year 28 pupils did at least 24 hours of voluntary work each. That is in excess of 672 hours of voluntary work in total. Additionally, last year 36 pupils look part in the Golcl Duke of Edinburgh Award across the Sixth Form. This included at least 52 hours of voluntary work each, meaning at least 1872 hours in total of voluntary work. Added together the hours of.voluntary work completed by students in all three sections of the Duke of Edinburgh Award gives a total of 3360 hours.

RYDE SCHOOL REPORT OF THE GOVERNORS This year our aspiring medics, vets and dentists have gained important experience working with people and organisations in the local community, including long term volunteering at local care homes, St Mary's Hospital, the Alzheimer's Cafe at All Saints Church, and local velerinary surgeries as well as helping with youth coaching at local netball, sailing, swimming and tennis clubs. The CAS (Creative Active Service) afternoon, which has been part of our curriculum since September 2021, provides further opportunities for our pupils from Year 7 Lower Sixth to get involved in projects in the local community. We have a group that visits a care home each week to provide company and take part in activities with the residents and another group assists the Wildheart Animal Sanctuary with conservation projects. We also offer sports coaching to a local primary school as part of the CAS afternoon, with our Lower Sixth and Year 11 coaching under the supervision of our staff. Year 7 groups participated in voluntary work through weekly litter picks 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 sewing and knitting group who knil blankets to be used by patients at Sl Mary's Hospital and have built stronger links with Ryde Town Council to develop further volunteering opportunities, such as helping in a Community Garden and clearing an allotment for use by a local charity. In the Prep School our pupils are encouraged to engage with community work and links have been maintained with Quarr Abbey where pupils have assisted with harvesting apples. The Prep School also supports the Rotary Club shoebox appeal sending gifts and essentials to countries such as Moldova and Bosnia. At Christmas our choirs sing at numerous care homes in the area. Prep and Pre-Prep students contribute to litter picking, especially on the nearby beaches at various points during the year. Children contribut8 items for the local foodbank annually at the joint Prep and Pre-Prep Harvest Festival service each Autumn. The School has close links with a rural school in Mako, Ghana and a group of pupils travel there on a biennial basls to carry out voluntary work, teaching lessons and helping lo renovate the site, the most recent trip to Ghana being in October 2022 with another group travelling to Ghana in October 2024. The School additionally carries out regular fundraising in support of Nako School using its BIG Summer Camp Oul to raise funds for ongoing projects. The Arts The School's music ensembles giv8 freely of their tim8 to play al local venues. The School's music scholars have performed public recitals al Monkton Arts in Ryde, and the Prep School choir, supported by a Senior School music scholar, performed at the Law Courts official opening service. Pre-Prep and Prep School Music groups play at local care homes for the elderly al Christmas time and the Pre-Prep carol singers sing at the Alzheimer Society Café in All Saints, Church hall al Christmas time. The local community is usually invited to school events such as carol seNices, and school musical and drama productions. External pupils are also able to use the school's sessions for the Associated Board of Music Examinations and they have access to the school's music facilities for rehearsals too. A number of community artistic groups use the School's facilities on a regular basis.. Ryd& Film Club, 2nd Curtain Call theatre group are among those who in normal times make regular use of the school's facilities, whilst the Islé of Wight Symphony Orchestra use the school's facilities and equipment to rehearse in the run up to concerts. The Medina Community Choir also rehearsed and performed 'Behind Ihe Curtain, at the School's theatre, wlth proceeds benefiting other local charities. The school's music ensembles are open lo talented pupils from local state schools and members of Ryde School's music department are heavily involved in promoting music on the Island, including contributing to the IOW Symphony Orcheslra, IW Cantata Choir and The Island Concert Band. The Isle ofwight Canlata choir also use the Prep School Hall for rehearsals. In addition, the British Theatre School has run workshops for both extemal and Ryde School pupils in the summer holidays. In recent years we have also sponsored the Children's Art Competition at Monkton Arts Café. Science. Technology, Engineering and Iwathematics ("STEM'J In recent years the School has worked in partnership with a local Academy which has been unable to provide A- levels in certain STEM subjecls. We have given these students access to our A-level science and maths lessons at no cost and they have benefited greatly from the lessons and the subject expertise of our teachers. Our Head of

RYDE SCHOOL REPORT OF THE GOVERNORS Physics is also the STEM Teacher Coordinator for the Isle of Wight offering advice to other schools on the delivery of STEM aclivities and lessons. The Prep School hosts an annual all-lsland maths challenge for children in Years 4 and 5. Each year, 20 primary schools attend the event, with circa 160 pupils participating in total. In the Spring Term 2024 we will also be hosting the Lego league in the HIVE. The School offers an annual Design Technology club which supports the Isle of Wight Club for Deaf Children. Over the last few years, transport assistance has also been offered to Ryde Academy students so that they can attend the Engineering Education Scheme events both on the island and on the mainland. Othèr Academlc In addition to STEM and 'the arts,. the School runs a number of other academic initiatives which benefit the wider community. The School now has an 8slabli5hed mock-oxbridge, medical, dentistry and veterinary university interview preparation evening, with over 30 pupils attending from schools across the island and over 30 parents and friends of the School acting as interviewers in their area of expertise this year. Pupils from all over the Island are invited, some of whom have gone on to gain places at Oxbridge, medical. dentistry and vet schools. Th8.weekly Nursery stay and play groups serve the local community, providing free music classes, playgroups and a forest school for babies and loddlers. Sports Many of the School's sports specialists work with the wider community. The Director of Sport & Head of Rugby coaches regularly at the RFU London & South-central Academy and Hampshire RFU, Ihe Head of cricket coaches with England South-west (Bunbury) group and the South Asian Cricket Academy, whilst two further PE leachers assist with coaching Island cricket and hockey. The School runs a number of community 5POrts initiatives using their facilities. Recently these have included a variety of sport tournaments for local primary schools, including tag rugby. football. netball and basketball. Within our Community and Service (CAS> sessions we have linked up with Dover Park primary school to offer sport coaching from our young leaders in Year 11 and Sixth Form. A number of community Island sports clubs have regularly used the School's facilities in the past academic year, these include Vectis Rugby Club, Shorwell Netb811 Club. IOW Hockey Club, Ryde Lawn Tennis Club. IOW Crickèt Club, and Vectis Youlh Football Club. Our Sports and Sailing Scholarships enable talented Island athletes to access education at the School whatever their financial circumstances and to develop their talents further. This has been instrumental in helping some of the Island's most lalent8d athletes to develop both academically and in their sport. The Isle of Wighl Crlcket Board parlnered with the school a few years ago. In thi5 short period of time Cricket on the Island has seen a subslanlial increase in the number of young ¢ri¢keters (boys and girls) playing on and for the Isle of Wight County Age groups. The School has been used as their training base with access lo a Merlin and 2X Bola bowling machines in the 4 nel lanes in the Sports Hall along with the new Gym facility for the strength and conditioning training. The school also allows the IOW cricket board to use its minibuses for away fixtures. Other facllitles Ryde School Sports Hall is now used by a wider range of local clubs both in the evenings and al weekends. Shorwell Netball, Xcel Football Performance Training, Vectis Youth Football Club, Ryde Crickel Club and Isle ofwight Cricket Board are all regular evening and weekend users. The Junior School Hall and Pastoral Centre are regularly used by outside drama groups at the weekends and during school holidays, and on occasion they are also hired out by the Isle of Wight Symphony Orchestra and the Isle of Wight Cantata Choir for rehearsals.

RYDE SCHOOL REPORT OF THE GOVERNORS We host the Ryde Film Club once a month in our Jenny Kerry Performing Arts Theatre. Our astroturf pitch at Smallbrook is used by a wide range of community clubs. Vectis Youth Football. 8embridge Youth Football. Ryde Saints Football and Isle of Wight Hockey Club all use the facilities at present. Brading Cricket ground has seen both Ryde Cricket Club and Isle of Wight Junior County matches being played. Portsmouth Tennis Academy have rented our tennis courts and the onsite football and cricket pitches have both been used by Xcel Football Performance training and Isle of Wight Cricket Board for fixtures. Other staff volunteerlng Ryde School provides teacher training placements through Southampton University and Christ the King School. This usually sees a number of trainees placed at the school each year and most of these return to the state sector as newly qualified teachers. Our Markeling & External Relations Coordinator is currently a governor at a local primary school. Our Head of Marketing is a trustee of the Classic 8oat Museum in Cowes, and our Deputy Head (Pastoral) is the Vice Chair of the Local Safeguarding Children Board Educational sub-group which meets half-termly to discuss action plans. audits and strategies. Our Assistant Head (Academic) is a guest lecturer at Southampton University. One of the School's history teachers volunteers as a governor at a mainland school, some of our staff are also co-opted governors at island primary sGhool5. Charitable fund-raising The school raises a large amount of money each year for other UK charities. Last y8ar thls totalled £10,567. Thè main recipients of this were the school's nominated charities: Ghanalink-, Isle of Wight Youth Trust,. Positively Parkinsons,, Isle of Wight NHS Trusl. Ability Dogs 4 Young People,, Earl Mountbatten Hospice,. Salvation Army. In addition to money raised formally through school fundralsing, a number of our pupils have carried out their own fundraising initiatives which have been supported by the school. The school has also made donations to local food banks, with pupils bringing in items for mufti days and also at Christmas and the Harvest Festival. 3.3 Performance and Delivery of Charitable Objectives School Numbers At the start of the academic year 2023-24, the School had 779 pupils, 573 in the Senior School, 123 in th& Prep, 83 in Pre-Prep and Nursery. These numbers include 69 boarders. Academi¢ and Educational Experien¢e The School recorded excellent results in the Summer 2024 public examinations. The performance of this year's Year 11 GCSE cohort was pleasing overall, especially in light of the slightly lower ability profile of this cohort in comparison with the last Iwo years. 22.3 % of all grades were at 9 or 8, 39.10/0 were al 9 to 7 (which is well above the national average this year of 21.80/0) and 87.80/0 of grades were at 9 to 4 (the national average is 67.6 % ). There were also, as ever. some excellent individual achievements. with one student achieving seven grade 9s and grade 8s, another attaining six grade 9s and three grade 8s, a third achieving six grade 9s and two grade 8s, while a fourth 8chieved four grade 9s and five grade 8s. Five other students achieved six or more grades at 8 or 9. Again thls year, over a third of pupils achieved five or more GCSES at grade 7 or higher and 52.70/ of pupils achieved five or more GCSES at grade 6 or higher. Within the Sixth Form the School continues to run three distinct programmes of study.. A-Level, International Baccalaureate Diploma Programme (IBDP) and the International Baccalaureate Careers Programme (IBCP). AII three courses delivered strong results showing the School's commitment to offering different pathways through Sixth Form lo suit an individual's learning abililies and style. It enabled all students to be ambitious in their aspirations and succeed on their chosen route. io

RYDE SCHOOL REPORT OF THE GOVERNORS The 2024 cohort attained 63D/o of grades at A. B which bettered last year's excellent results. The IB Diploma Programme grades also outperformed last year's grades with an average score of 33 points, also above the global average. The IB Career-related Programme grades were particularly impressive with 650/0 pupils achieving a distinction or better in the BTEC part of their programme. In 2024 97•/0 of our students were offered either their firm or insurance choices at university. Of those who got their fimi or insurance choices seven opted to change course through clearing either opting for a totally different course. or a different university. Only two students had to enter into clearing. In the Prep School and Years 7 & 8 value added is measured using results from annual assessments in English and Mathematics and biannual tesls in Cognitive Ability. In both subjects, results are above national expectations and attainment relative to ability is also positive. In Prep, (Year 3-6) Ihe focus for 2023124 was on the Maths curriculum. We also continue to embed Accelerated Reader as a key tool for raising reading attainment. Ed Shed and Grammarsaurus was also introduced in September 2023 to all year groups, providing pupils with an online spelling programme to practise on their chromebooks. The programme uses a research-led holistic approach,. focusing on phonemes, graphemes. etymology and morphology. The writing curriculum has changed. with pupils now focusing on 'core Skills, throughout the year, and building on specific writing skills each term (Term 1-Personal Writing. Term 2-Functional Writing. Term 3-Creative Writing). Writing is th8med on students, Discovery topics, providing breadth and depth lo learning. All year groups took part in two whole school enrichment days built around Iheir discovery topics. Within the Prep SENO department we have introduced new stretch and challenge programmes along with revised models for support in and out of the classroom. The Summer GL results (Maths and English) in Year 3-6 were generally strong showing a good level of 'value added, to the vasi majority of pupils. Our end of Reception and EYFS scores were excellent with 750/0 of pupils achieving GLD (Good Level of Development) scores in all areas, above a national average of 67D/o. Our EYFS provision was greatly enhanced in September 2023, with the opening of Westhill Nursery. Children are benefitting from greater access to the main school site including the use of the sports hall, fields and theatre. In the Pre-Prep, wilh our Creative Curriculum now embedded, we are extending the number and quality ofour school trips to enhance th8 learning &xp8rienc@s in the classroom. We continue to draw on DPPOrtuniti8s on the island including Nature Zones in Blackwater and Bembridge Lifeboat as well as welcoming visitors into school including Isle of Wight Recycling Centre. The School was inspected by ISI in May 2022. The ' Educational Quality, section of this report focuses on two broad areas: pupils, academic and other achievements, and the quality of pupils, personal development. The inspection findings graded the first part as'excellent, _ the top rating - and the second section as 'good'. The report is published in full on the School website. The School continued its commitment to Round Square with both staff and students attending the International Conference in Kenya. There were also a number of successful pupil exchanges run with other Round Square schools from around the world. This membership, togetherwith the IndependenlAssociation of Prep Schools (IAPS), The Head, Conference {HMC), the Pre-senior Bacc81aureale (PSB) and International Baccalaureate {IB) provide for excellent peer engagement and informal professional development. 3.4 Links with parents The School provides good links with parents: they are welcome to attend many School events including supporting sports matches, concerts. plays and prIze￿iVing events. There are frequent parents, evenirsgs held both virlually and in-person and regular reports. Parents are free to request meetings with members of staff should they need to discuss any matters related to their child. The School runs the Ryde Connection to maintain links with and amongst current and formerfriends and pupils from Ryd8, Upper Chine and Bembridge schools. There is also a parent-led Friends of Ryde School group that organises social events for parents that sometimes raise money for a designated charitable cause. The School has a parental portal giving parents direct access lo information about their child. Paren15 receive a digital handbook annually and can contact staff directly via phone or email. The School has also continued to run parent seminars to work with

RYDE SCHOOL REPORT OF THE GOVERNORS parents on key issues where home and school cooperation matters. Serninars are offered on key pastoral topics throughout the year e.g. Online Safety. A weekly digital newsletter is published to keep parents abreast of the main activities taking place 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 concerns. 3.5 Financial Review and Results for the Year The overall surplus before gainslllosses) on investmenls for the year was £452k (2023: surplus £77k), Fees rose on average by 110/ts and other educational income by 12 %, this combined wlth £120k in donations and investment and other income being 50/0 higher than the previous year, was sufficient to more than offset costs rising by c8 % and return to a higher level of surplus generation once rnore. Fee increases are dictated by the School's budget, which is materially influenced by increases In teaching salaries and inflation. The School educational surplus includes £119,796 from the EDF fund towards its bursarial awards. this contribution Is equivalent to 10/0 of gross fees. Balance sheet movements have been driven by a £979k reduction in non-current assets as a result of fixed asset disposals including the sale of a property no longer used by the School, and a reduction in investment values. Current assets have increased by c£2.5m principally driven by an increase in fees paid in advance of the 2024125 academic year, which is partly offset within current liabilities. and is also reflected by the £2.3m increase in cash hèld by the School. During the 2024125 academic year, the School has also agreed with its bank to restructure the existing loans and mortgages and to consolidate them into one new 15-year loan. including an early capital repaymenl of £1.6m. The transaction will complete in May 2025. As the Government plans to levy VAT on independent school fees and remove the 80°/0 charitable relief on business rates the School currently benefits from, the Board are pursuing a strategy lo invesl in non-fee-revenue opportunities and lo minimise costs. which must be balanced with the dellvery of an 8xceptlonal 8ducation, to mitigate the impact to parents as far as is possible. The School hss remalned in operating surplus and expects this to continue in the fulure. Based on current forecasts and th8 ability to call upon funds held within the EDF Investment portfollo, Governors believe the School will be able to continue to operate within its existing facilities for the foreseeable future. 3.6 Investment Performance and Pollcy The Investment Property asset, which is carried at fair value, had a reduction in value of £230k during the year following its reassessment in line with the School's investment property policy. As the property Is no longer used operationally and. as per note 19, the current tenant has gone into administration, the Governors have approved the marketing of the property for sale. The funds generated will be utilised to reduce debt and invest in revenue generating capital projects, with remaining balance topping-up the investment portfolio. The School had unrealised gains of£164k (2023: loss of £193k) from the revaluation of EDF investments. Cazenove, Ihe School's investment managers, operate a multi-asset unit trust charitable fund for its charitable clients. Tha School continues to maintain its cautious investment policy. The Governors, investment objective is to optimise growih so that income from the fund in the future can fully fund its bursary awards. The Finance and General Purposes Committee reviews investment perforrnance in depth annually. 3. 7 Reserves and Resource The School has operated a Strategic Financial Plan for several years enabling a forecast of both surplus and cash flow to be made over the foreseeable future. This, combined with its review of risks and its Strategic Development Plan. enables the Governors to operate within the School's banking facilities and to provide for ongoing development. The School's unrestricted reserves stand at £21.8m (2023.. £21.6m). 12

RYDE SCHOOL REPORT OF THE GOVERNORS The Governor's consider that the School should retain adequate reserves to ensure the future development of the school, allowing for capital inveslment lo maintain and enhance the educational provision offered. The charity's free reserves represent total unrestricted reserves adjusted for tangible fixed assets, investment property, capital commitments and bank loans, and amounts to £1.6m (2023.. £0.9m). This is principally held within the Educational Developmenl Fund of £4.2m. The unrestricted funds are split to reflect the Governors, current policy and distinguish between those held for contingency and the day to day running of the School. The assets of the School are adequate for its current obligations and are principally represented by the School's investment in its tangible fixed assets and fixed asset investments. 3.8 Risk Management The Board of Governors is ultimately responsible for the management of risks faced by the School. The principal risk the School faces is the retention and recruitment of pupils, which il takes a variety of targeted measures to mitigate. The School is exposed to a variety of other financial risks including credit risk, interest rate risk and liquidity risk. The following approach is tak8n lo manag8 these risks.. Liquidily.. Cashflow Is managed by ensuring there are sufficient funds available to support continuing operations and plans for both the ongoing operations of the School and future capital investment. The School maintains a detailed rolling cashflow forecast to ensure there are adequate funds available to meet commitments as they fall due, and as noted above has put in place appropriate debt facilities that underpin its funding requirements. Interest.. The School is exposed to the impact of interest rate risk in relation to its mortgages and loans which have a variable interest rate. This risk is mitigated by the interest rate hedge the School has invested in, as detailed in note 15 of the accounts. Credit risk.. Exposure to credit risk is monitored on an ongoing basis. Fees are paid either by the start of each term or on a monthly basis, the School has the right to withdraw services should debt accrue, 8nd has a Board approved process to manage debtors. The op8ralional risks are monitored by the Board but assessed by the Head Master and the Senior Leadership Group. The results of the risk management procedures operated by the School Executive are regularly reported to Ihe Board. In addition, the Board carries out an annual overview of risk assessment and reviews child protection policies and the effectiveness of their application. The key controls in place are.. formal agendas for all Committee and Board meellngs., detailed t8rms of reférèncè for Committeas; comprehensiva development and financial strategy., clear organisational structure and lines of reporting., formal written policies., formal investmenl procedures; clear authorisation and approval levels; vetting procedures as required by law. comprehensive insurance cover; statutory child protection procedures., and regular appraisal of performanc8 and appropriate training. 13

RYDE SCHOOL REPORT OF THE GOVERNORS The School has adopted a recommended risk assessment procedure to assess and address risks to the charity in which the whole Governing body is a participant annually. The Governors, policy is to put in place measures to minimise the effect of any risk5 as required. The School has an effective Health and Safety Committee on which a designated Governor sits. The Committee is chaired by the Estates & Operations Director and its minutes are reviewed regularly by the Finance and General Purposes Committee and the Board. 3.9 Future Plans The School's Mission Statement, Aims and Values can be viewed on the School's website (www.rydeschool.org.uk). In 2022-23, the School compiled a Strategic Development Plan for 2023 and beyond, which was developed by both the Senior Management Team and the Board. This will be reviewed termly by the Board. Key developments are shared with parents and the school community. The School is aware that private education is proving increasingly expensive for parents and strives to provide the best possible value combined with excellence in education and pastoral care. As the newly elected Government plans to levy VAT on independenl school fees and remove the 800/0 charitable relief on business rates the School currently benefits from. the Board are pursuing a strategy to invest in non-fee revenue driving opportunities and to minimise costs, which must be balanced with the delivery of an exceptional èducation, to mitigate the impact to parents as far as is posslbla. These risks have been included In the School's long-term planning and going concern analysis. 3. 1 O Fundraising activities ffor Ryd• School The school has not engaged in any activities to fundraise for itself over the course of the year, and as such has received no complaints in relation to any fundraising activities during the 2023124 year, or relating lo prior years. 4. Statement of Governors, Responsibilities for the Financial Statements The Governors (who are also directors for the purposes of company law) are responsible for preparing the Strategic Report, Annual Report, and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Governors to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expenditur& of the charity for that period. In pr8parlng these financial stalgments, the Governors are required to.. select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudenl; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate. 2nd state whether applicable UK accounting standards have been followed, subject to any material dèpartures disclosed and explained in Ihe financial statements. The Governors are responsible for keeping proper accounting records that are sufficient to show and explain the charlty's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements complywith the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 5. Statement as to Dlsclosure of Information to the Auditor So far as the Governors are aware, there is no relevant audit information of which the charity's auditor is unaware and each Governor has taken all the steps that he or she ought to have taken as a Governor in order to make himself or herself aware of any relevant audit information and lo establish that the charity's auditor is aware of that information. 14

RYDE SCHOOL REPORT OF THE GOVERNORS This report has been prepared in accordance with the Statement of Recommended Practice Reporting by Charities and in accordance with the Companies Act 2006. Accounting and On behalf of the Governors: Miss C. Doerries Governor Date: 231d May 2025 15

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RYDE SCHOOL WITH UPPER CHINE Opinion on the financial statements In our opinion the financial statements: give a true and fair view of the state of the Charitable Company's affairs as at 31 August 2024 and of its incoming resources and application of resources for Ihe year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. We have audited the financial statements of Ryde School I'the Charitable Cornpan￿) for Ihe year ended 31 August 2024 which comprise the Statement of Financial Activities, Ihe Balance Sheet, the Statement of Cash Flows and notes to the financial stalements, including a summary of significant accounling policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingclom Accounting standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Basis for opinlon We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have oblainedls sufficient and appropriate to provide a basis for our opinion, Indopendence We are independent of the Charitable Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. Conclusions relating to going Goncern In auditing the financial statements, we have concluded that the Governors, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified 8ny malerial uncertalnties relating to events or conditions that, Individually or collectlV81y, may cast significant doubt on the Charitable Company's abilily lo continue as a going concern for a period of at least twelve months from when the financiAI .%tAte.ments are authorised for issue. Our responsibilities and the responsibilities of the Governors with respect to going concern are described in the relevant sections of thi5 report. Other Informatlon The Governors are responsible for the other information. The other information comprises the information included in the Annual Report and Financial Statements, other than the financial statements and our auditor's report thereon. Our opinlon on the financial statements does not cover the other informalion and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit or otherwise appears lo be materially misslated. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed. we conclude that there is a material misstatemenl of this other information, we are required to report that fact. We have nothing to report in this regard. 16

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RYDE SCHOOL WITH UPPER CHINE Other Companies Act 2006 reporting In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Governors, which includes the Directors, report and the Strategic report for the purposes of Company Law, for the financial year for which the financial statements are prepared is consistent with the financial statements., and the Strategic report and the Directors, report, which are included in the Report of the Governors have been prepared in accordance with applicable legal requirements. In the light of the knowledge and understanding of the Charitable Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Report of the Governors. We have nothing to report in respect of the fDllowlng matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have noi been received from branches not visited by us., or the financial statemenls are not in agreement with the accounting records and returns,. or certain disclosures of Directors, remuneration specified by law are not made. or we have not received all the information 8nd explanations we require for our audit. Responslbllltles of Governors As explained more fully in the Statemenl of Governors, Responsibilities for the Financial Statements, th8 Governors (who are also directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Governors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing Ihe financial statements, the Governors are responsible for assessing the Charitable Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounllng unless Ihe Governors eilher intend to liquidate Ihe Charitable Company or to cease operations. or have no realislic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under the Companies Act 2006 and report in accordance with the Act and relevanl regulations made or having effect Ihereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducled in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatemenls can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Extent to which the audit was capable of detecting irregularities, including fraud Irregularities, including fraud, are instances of non-compliance wilh laws and regulations. We design procedures in line with our responsibilities, Outlined above, to delect malerial misstatemenls in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Non-compllance wlth laws and regulatlons Based on: Our underslanding of the Charitable Company and the secior in which it operates. Discussion with management and those charged with governance; and Obtaining and understanding of the Charitable Company's policies and procedures regarding compliance with laws and regulations. and 17

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RYDE SCHOOL WITH UPPER CHINE We considered the significant laws and regulations to be the applicable accounting framework. The Charitable Company is also subject to laws and regulations where the consequence of non-compliance could have a material effect on the amount or disclosures in the financial statements, for example through the imposition of fines or litigation. We identified such laws and regulation to be those relating to health and safety and the welfare of their pupils. Our procedures in respect of the above included.. Review of minutes of meeting of those charged with governance for any instances of non-compliance with laws and regulatlons: Review of correspondence with legal representatives for any instances of non-compliance with laws and regulations.. and Review of financial statement disclosures and agreeing to supporting documentation,. Fraud We assessed the susceptibility of the financial statements to material misstatement, including fraud. Our risk assessment procedures included.. Enquiry with management and those charged with governance regardlng any known or suspected instances of fraud; Review of minutes of meeling of those charged with governance for any known or suspected instances of fraud- Discussion amongst the engagemenl team as to how and where fraud might occur in the financial statements; Performing analytical procedures to idéntify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; Based on our risk assessment, we considered the area's most susceptible to fraud to be the posting of inappropriate journal entries to manipulat8 financial results, particularly in relation to the recognition of revenue and recording it in the correct period. Our procedures in respect of the above included: Testing a sample of journal entrles throughout the year. which met a defined risk criteria, by agreeing to supporting documentation., Testing a sample of all other journals by agreeing to supporting documentation., and Reviewing and assèssing the approprialen8ss of m3n8gement estimatès and 8x8rcised profession81 scepticism in considering the impact of those estimates in the financial statements. We also communicated relevant identified lays and regulatlons and potential fraud risks to all engagement team members who were all deemed to have appropriate competenc8 and capabilities and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Our audit procedures were designed to respond to risks of material mlsstatement in the financial statements, recognising that the risk of not detecting a material misstalement due to fraud is higher than Ihe risk of not delecling one resulting from error, as fraud may involve deliberate concealment by, for example. forgery. misrepresentations or through collusion. There are inherent limitations In the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. A further description of our responsibilities is available on the Financial Reporting Council's website at- htt s:Ilwww.frc.or .uklauditorsres onsibilities. This description fomis part of our auditor's report. 18

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RYDE SCHOOL WITH UPPER CHINE Use of our report This report is made solely to the Charitable Company's members, 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 might stste to the Charitable Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company and the Charitable Company'5 members as a body. for our audit work. for this report, or for the opinions we have formed. 27 May 2025 David I'Anson (Senior Stalutory Auditor) For and on behalf of BDO LLP, Slatutory Auditor Southampton. UK BDO LLP is a limited liability partnership registered in England and Wales (with registered number OC3051271. 19

RYDE SCHOOL STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST AUGUST 2024 Notes Unrestricted Unrg$tricted General Designated Restricted Fund Funds Funds Total 2024 Total 2023 Income from: Donations Charitable activities- Fees receivable Other educ8tion81 income Other trading activities Investments 121,891 4.836 126.727 6,566 12,275.821 211.691 16,172 262.374 12,275,821 11.042,903 211,691 139,201 16,172 7,341 378,291 370,507 11 115,917 Total Incomo 12,887,949 115,917 4,836 13,008,702 11.566,518 Expenditure on: Raising funds Charitable activities 6.521 6,521 7,136 1,164 12.437,611 11,482,769 12,436,447 Total expendlture 12,436,447 6,521 1,164 12,444,132 11,489,905 Net income before gains on investments 451,502 109,396 3,672 564,570 76,613 Net gainsl(losses) on investments 163,953 163,953 1193,441) FV movement on investment property FV movemenl on interest rate hedge (230,000) (320,450) (230,000) (320,450) 133,964 Net (loss)Ilncome (98,948) 273,349 3.672 178.073 17,135 Transfers between funds 16 43,682 (43,682) Net movement, In funds for the year (55,266) 229,667 3,672 178,074 17,135 Recon¢lllation of funds: Total funds brought forward 17,661,884 3,959,065 87,747 21.708,696 21.691,560 Total fund8 carrled forward 17,606,618 4,188,732 91,419 21,886,769 21,708,696 All of the charity's activities in the above two financial years are derived from continuing operations. All gains and losses recognised in the year are included above. The notes on pages 23 to 35 form part of these accounts 20

RYDE SCHOOL BALANCE SHEET AT 31ST AUGUST 2024 Notes 2024 2023 Fixed Assets Tangible fixed assets Investment property Investments 22,387,685 3,435.000 2,385.232 23,000,575 3,665.000 2,521,280 10 28,207,917 29,186,855 CuThent Assets Stock Debtors falling due within one year 12 Debtors falling due after one year 12 Cash at bank and in hand 6.429 1,231.860 400,066 2,311.438 14,658 672,781 667,941 49,827 3,949,793 1.405,207 Liabilities Creditors fallin9 due within one year 13 (5,227.684) 13,275,257) Nel Current Llabllltles (1,277,891) 11,870,049) Total Assets less Currant Llabllltles Creditors falling due after one year 26,930.026 27,316,806 14 (5,043,257) (5,608,108) NET ASSETS 21,886,769 21,708,697 The funds of the charlty Unrestrlcted Income Funds Designated Educational Development Fund General funds 4,188,732 17,606.619 3,959,066 17,661,884 Total Unrestricted Funds 16 21,795,351 21,620,950 Restricted Income Funds 16 91.418 87,747 TOTAL FUNDS 21.886,769 21.708,697 The financial statements were approved by the Board of Governors and authorised for issue on 23rd May 2025. Miss C. Doerries Governor Dale: 23rd May 2025 Company Number.. 432077 The notes on pages 23 to 35 form part of these accounts 21

RYOE SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST AUGUST 2024 Notes 2024 2023 Net cash inflow from operating activities 22 2.811,337 815.802 Cash flows froml (used In) investing activities Dividends. interest and rents from investments 684,548 371,841 Purchase of tangible fixed assels Proceeds from sale of fixed assets Cash realised from sales of inv8Stments (693.989) (1,895,111) 1,750 350.000 Net cash used In Investing activities (9,4411 (1,171,520) Cash flows (used in) financing activities Repayment of borrowing Repayment of mortgage New borrowings (446,059> (94.226) 1447,944) (84,131) 588,750 Net cash (used In) I from financing actlvltles (540,285) 56,674 Incrèasel(decrease) In cash and cash equlvalents In thè rèportlng perlod 2,261,611 (302,513) Cash and cash equlvalents at the beglnnlng of the reportlng perlod 49,827 352,340 Cash and cash equlvalents at the end of the reporting period 2,311,438 49,827 The notes on pages 23 to 35 fonn part of these accounts 22

RYDE SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024 Accounting Policies Ryde School is incorporated in England and Wales as a company limited by guarantee not having share capital. There are currently 13 governors who are also members of the company. Each member has undertaken to contribute to the assets in the event of a winding up a sum not exceeding £1. Ryde School is a registered charity- The registered office is given on page 2. The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. Basls of Preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectiv8 1 January 2019)., and the Companies Act 2006. Ryde School meets the definitlon of 8 public benefit entity under FRS 102. Group flnanclal statements The financial statements show the results of the parent entity alone and have not consolidated the results of th& subsidiary undertaking on the grounds of materiality. Preparatlon of the accounts on a golng concern basls In preparing the financial statements on Ihe going concern basis the Governors have prepared financial forecasls for the financial periods ending 31 st August 2026 taklng into account principal risks and uncertainties affecting the School's operations, including those arising from economic uncertainties including the 'Cost of Living Crisis, and political threats to Independent Schools. 88sed on these forecasts and the ability to call upon funds held within the Educational Development Fund (EDF) Governors believe the School will be able to continue to operate within its existing facilities for the foreseeable futur8, In preparing the financial statements, the Governors are responsible for assessing the Charitable Company's ability to continue as a going concern, disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the Governors either intend to liquidate the Charitable Company or to cease operations. or have no realistic alternalive but to do so. Incomlng Resources Fees receivable and charges for services and use of premises are accounted for in the period in which the service is provided. Fees receivable are slated after deducting allowances and bursaries. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity- this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of the investment porlfolio. Granls and donations are recognised when the school is entitled to the income, it can be measured reliably and it is probable it will be received. 23

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024 Resources Expended Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be recDgnised reliably on an accruals basis. Costs of generating funds are those costs incurred in attracting voluntary income and investment management fees incurred as a result of maintaining the School's investment portfolio value. Charitable activities include expenditure associaled with the provision of educational services, including boarding facilities, and include both the direct costs and support costs relating to those activities. Governance costs include those incurred in the governance of the School and its assets and are primarily associaled with constilutional and statutory requirements and are allocated to charitable activities. Support costs include central functions. Tanglble Flxed Assets Individual fixed ass8ts Costing £500 or more are capitalised at cost. Tangible fixed assets are slated in the balance sheet at cost. Depreciation is provided on all tanglble fixed assets. other than freehold land. at rates calculated lo write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life as follows: Freehold buildings Furniture, equipment and machinery Motor vehicl85 10/0 33/0 Investments Investments 3re stated at their market value. The value of unit trusts is the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. Investments in subsidiaries are stated at cost less any provision for impairment. Investment Property Investment property 15 ststed al fair value detèrmin8d with reference to regular valuations by external valuers based on the current value of expected future income and updated by the directors in intervening periods. Changes in fair value are recognised in income during the year. Penslons The School contrlbutes to the Aviva Pension Trust for Independent Schools (APTIS) scheme, which. is accounted for as a defined contribution scheme. The Scheme is a mulli-employer pension scheme and it is not possible to identify the assets and liabililies of the Scheme which are attributable to the School. The School also operates a defined contribution scheme for non-teaching staff where the assets are held in an entity separate to the School. Contributions to both schemes are charged to the Statement of Financial Activities as they become payable In accordance with the rules of the schemes. Debtors Debtors are measured on initial recognition at settlement amount after any trade discounts. 24

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024 Cash and cash equivalents Cash and cash equivalents includes cash and short term highly liquid investments with a short maturity of three months or less from the opening of the deposit or similar account. Cash holdings within the investment portfolio are recognised as cash at bank and in hand on the balance sheet. Taxation Ryde School, as a registered charity, is exempt from Corporation Tax under Chapter 3 of Part 11 to the Corporation Tax Act 2010 or Sectlon 256 of the Taxation of Chargeable Gains Act 1992 lo the extent that surpluses are applied to its charitable purposes. The cost of irrecoverable Value Added Tax is included within relevant expenditure. Financlal Instruments Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. The school has enlered into an interest rate hedge agreemenl with regards to the bank loan to offset the impact of rising interest rates. The arrangement is measured at fair value and the asset or liability is recognised on the balance sheet. Changes in fair value are reported through the Statement of Financial Activities. Operating leases Rentals payable under operating leases are expensed on a straight-line basis over the lease term. Fund aceounting Restricted funds are those which must be applied In accordance with the purpose specified by the donor. Expenditure relating to these purposes is therefore charged directly to the fund. The unrestricted income funds comprise those funds which the Governors are free to use for any purpose in furtherance of the charitable objects. Such funds include designated funds where th8 Governors, al their discretion, have created a fund for a specific purpose. Transfers of funds b8tW8en general unrestricted fu nds and designated funds are approved by the Governors. A transfer is made between the general unrestricted funds and the Educational Development Fund to fi'nance bursaries and scholarshlps. Judgements in applying accountlng policies and key sources of estlmatlon uncertainty In preparing these financial statements, the governors have considered the following forms of estimatlDn uncertainty- Fixed assets Residual value of assets. Economic lives of assets. Debtors Impairment of debtors are assessed to identify net recoverable amounts. Hedge Underlying discount rates when undertaking the fair value of the interest rale hedge. Investment Properties Investment properties are measured at fair value. 25

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024 2. Fees Recelvable 2024 2023 Fees Receivable Less.. Scholarships and Bursaries 13,153,705 1877,884) 11,767,172 1724,269) 12,275,821 11,042,903 Net Incoming Resources for the year This is stated after charging.. 2024 2023 Auditor's remuneration Depreciation - owned assets Operating lease rentals - equipment 30,000 885,906 153,138 70,276 802,588 210,714 Other Income 2024 2023 Other Educatlonal Charltable Actlvltles Site sub-letting Holiday school 33,645 178,046 23,501 115,700 211,691 139,201 Other Trading Income Insurance commissions etc Sundry 254 7,087 16,172 16,172 7,341 Charltable actlvltles 2024 2024 2024 2024 2023 Unfèstrict•d General Fund Unr•strlct•d O•slgn&l•d Fund R•strlct•d Fund Tolal Total Charitable activities Slaff costs 7,857.149 2,101.458 885,906 418.500 1,141,470 31.966 7.857,149 2.102,620 88.5,906 418,500 1.141,470 31,966 6,521 7,029,226 2,343,103 802,588 150,729 1.084,622 72,502 7,136 Other direct costs 1,164 Depreciation Bank and loan interest (see note 7) Support cost (note 6) Govemance costs Raising Funds 6,521 Total 12,436,447 6,521 1,164 12.444,132 11,489,905 The governors consider the charity to have a single charitable activity, the provision of educalion services. 26

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024 Analysis of support and governance costs 2024 2024 Governance costs 2024 2023 Support costs Total Total Staff costs Other 687,428 454.042 687,428 456,008 30,000 629,197 457,651 70,276 1,966 30,000 Audit Fees 1,141,470 31,966 1,173,436 1,157,124 Interest Payable 2024 2023 Bank interest Bank loans Mortgage inter8St 12,105 327,432 78,963 51.215 224,635 63,752 418,500 339,602 Employees 2024 2023 Staff costs during the year: Wages and salaries Social security Pension costs 6,980,299 686,114 807,708 6,390,377 640,518 724,031 8,474,121 7,754,926 The average number of employees of thè School was as follows: 2024 2023 Teaching staff Catering, cleaning ond maintenance staff Administration staff Support staff 119 60 23 20 116 64 22 12 222 214 The number of employees whose emoluments exceeded £60,000 were: 2024 2023 £60,000 - £69,999 £70,000 - £79,999 £80.000 - £89,999 £90,000 - £99,999 £100,000 + No remuneration or benefits were paid to any Governor during 2024 or 2023. During the year Governors incurred and reclaimed travel expenses of £1,966 (2023: £2,226). Governors are indemnified under the School's public liability policy the overall premium for which costs £2,374 (2023: £2,213). 27

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024 Key management personnel The aggregate amount of employee benefits paid to key management personnel was £1,134.257 (2023: £1,068,790). Tangible Flx•d Assets Furniture, Equipment & Machlnery Freehold Land & Buildings Motor Vehicles Total Cost At 1st September 2023 Additions Disposals 27.595,327 269,293 (439,308) 5,971,298 425,020 (118,953) 72.401 33,639,026 693,989 (558,261) Al 31st August 2024 27,425,312 6,277,365 72,401 33,775,078 Depreclatlon At 1st September 2023 Provided during year Disposals 5.982,747 538,896 (54,597) 4,594,646 344.011 (82,369) 61,059 3,000 10,638,452 885.907 1136,964) At 31st August 2024 6.467,046 4,856,288 64,059 11,387,393 Net Book Value At 31st August 2024 20,958,266 1,421,077 8,342 22,387,685 At 1st September 2023 21,612,580 1,376,652 11,342 23,000,574 Included in the figure for freehold18nd and buildings is freehold land of £1,447,500 (2023: £1.285.000) which has not been depreciated. 10. Investment Property Tolal Falr value As at 3181 August 2023 3.665,000 Movement in the year (230,000) At 3111 Augusl 2024 3,435,000 An updated valuation was prepared by Samantha Sparshotl MRICS. a RICS registered valuer at Savills (UK) Limited, dated 141h May 2024. The report considered changes to the market and relevant indices since the previous desktop valuation, with the fair value being based on the present value of future rental income. As the value had changed by more than 5 % , the change has been reflected in this year's accounts. 28

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024 11. Fixed Assat Investments 2024 2023 Quoted (at market value) UK listed unit trust 2.385,133 2.521,180 2.385,133 2,521,180 2024 2023 Investment In subsidiary 100 100 Ryde School Construction Limited is 1000/0 owned subsidiary (Company number.. 10513227). Th8 subsidiary has been used to undertake a new boarding house development on the Ryde School site. The subsidiary's registered address is Ryde School, 7 Queens Road, Ryde, Isle of Wight, P033 3BE. 2024 2023 Movement in year At 1st September 2023 Drawdowns Dividends. interest and fees Net (Ios5) on revaluallon 2,521,180 3,069,621 (350,000) {5.000) (193,441) (300,0001 163,953 At 31st August 2024 2.385,133 2,521,180 The unit trust fund is invested solely in the Schroder Multl-8sset unit trust fund. Investment income is derived from: 2024 2023 UK listed unit trust Rent recelvable UK bank and other interest 103,139 240,628 34,524 123,880 243,156 3,470 378,291 370,506 12. Debtors: Amounts Falling Due Wlthln One Year 2024 2023 Fee accounts Other deblors Interest rate hedge Prepayments 147,857 491,798 191.041 401,164 123,160 38,356 243,616 267,650 1.231.860 672,782 Debtor5: Amounts Falling Duo After One Year 2024 2023 Interest rate hedge 400,066 667,941 29

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024 13. Creditors: Amounts Falling Due Wlthin One Year 2024 2023 First Debenture Loans 5.5°/ Mortgage Bank loans Trade creditors Accruals Social Security and other taxes Fees received in advance Other creditors 950 99,209 466,037 240,136 198,959 154,850 3,585,088 482.455 950 94,576 446,103 241,389 90,563 158,345 1,801,352 441,979 5,227.684 3,275,257 The debenture loans are redeémable at the option of the company on giving three months, notice. Fees in advance represent fees received in advance of 31 August each year for the Autumn tem and beyond, which commences in September. 14. Creditors: amounts falling due after more than one year 2024 2023 Bank loans Mortgage 4,068,734 974.523 4,534,727 1,073,381 5,043.257 5,608,108 An analysis of the maturity of loans is given below.. 2024 2023 Amounts lalllng due wlthln one year or on demand Bank loans Mortgage Debenture loan 466,037 99,209 950 446,103 94,576 950 566,196 541,629 Due In more than one year Due in more than one year but not more than two Due in more than two years but not more than five Due more than five years 637.178 1,455.760 2,950.319 563,619 1,626,399 3,418,090 5,043,257 5,608,108 The bank loans and mortgages are secured on the School's premises in Ryde and a fixed and floating charge over all assets of the School. Interest is being charged at 1.59 % over HSBC base rate for the loans and one mortgage, and 1.950/0 over HSBC base rate for the remaining mortgage. The School has the following facilities with its bankers, all under 15-year terms. £3.7m loan raised in the 2011 financial year, a £4.5m loan raised in the 2021 financial year for the construction of the new 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 2023 financial year. 30

RYDE SCHOOL NOTES TO THE ACCOUNTS (Gontinued) FOR THE YEAR ENDEO 31ST AUGUST 2024 15. Financial instruments The charity's financial instruments may be analysed as follows: 2024 2023 Financial assets Financial assets measured at fair value through the statement of financial aclivity Financial assets that are measured at amortised cost Derivative financial instruments designated as hedges of variable interest rate risk 2,385,133 2,521.180 2,803,236 88.182 591,107 911,557 Flnancial liabllltles Financial liabililies measured at amortised cost 10,270,941 8,821.864 Financial assets measured at fair value Ihrough the statement of financial activity comprise fixed asset investrnents in a UK listed unit trust. Financial assets measured at amortised cost comprise cash, trade debtors and other debtors. Def ivalive financial instruments deslgnated as hedges of variable inter8St rate risk comprise interest rate hedge5. Financial liabilities measured al amortised cost comprise the debenture and bank loans (including mortgage), trade creditors, olher creditors and accruals. The School entered into a fixed interest rate hedge lo hedge the potential volatility in future interest cash flows arising from movements in the HSBC base rate ("Interest Rat8 Hedge"). The Interest Rate Hedge commenced on 1 April 2021 and terminates on 28 June 2030 and covers the principal amount of £6,711,234 being the entire amount outstanding at 31 March 2021 under the Existing Facililies, New Facilities and the mortgage. The Interest Rate Hedge is fixed at 0.3940/0. as a result of bas8 rates being in 8xcèss of the hedged rale, the School holds an asset for this commitment on the balance sheet. As at 2024 year end the fair value was £591,107 (2023.. fair value of £911,556). The change in fair value in the year was a reduction of £320,450 (2023.. Increase of £133,963) which is shown as 'lnterest Rale Hedge, on the Statement of Financial Activities, 16. Analysls of Charltable Funds Balance al 1st Septèmber 2023 Net Transfers Resources galnlllossl on between expended investments funds and other gain5 Balance at 31st Au9USt 2024 In¢omlng resources Unrestricted funds Deslgnated funds Educational Development Fund IEDFI General funds 3,959,065 17,661,884 115,91T (6,521) 12.887.949 112,436,447) 163,953 1550,4501 (43,6821 4.188.732 43,682 17,606,618 Total unrestrl¢ted funds 21.620,949 13,003.866 112,442,968) (386.497) 21,795,350 Restricted funds Creasey and Brown Fund Ryde Bursary Fund 7,031 80,716 1202} 19621 6,829 84,590 4,836 Total restrlcted funds 87,747 4.836 (1,164) 91,419 Total funds 21,708,696 13,008,702 {12,444,132) (386,4971 21,886,769

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024 Analysis of Charitable Funds - prlor year Balance at 1st September 2022 Net Transfers Balance at Resources gainllloss) on belween 31st Augusl expended Investmenls funds 2023 and other galns Incoming resources Unrestricted funds De$ignated funds Educational Development Fund {EDFI General funds 4.114,223 17,494,076 127.350 17,1361 11,432,602 111.481,5871 (193.441) 133,964 (81,931) 3,959,065 82,831 17,661.884 Total unrestricted funds 21,608,299 11,559,952 111.488,723) 159,477) 900 21,620,949 Reslrlcted funds Creasey and Brown Fund Ryde Bursary Fund 7,031 76.232 7,031 80.716 6,566 {1,182) (900) Total rostrlctod fund8 83,263 6,566 (1,182) (900} 87,747 Total funds 21.691,562 11.566,518 (11.489,905) (59.4771 21,708.697 The EDF includes the School's free reserves (see Report of the Governors) set aside by the Governors to provide funding for grants and awards and where appropriate to provid8 financ8 for building development, Transfer between Funds A contributlon is made every yèar towards scholarshlps and bursaries from thè EDF to the gen8r81 fund. In 2024 this amounted to £119,796 (2023.. £125,580). A transfer from the school to EDF was made of £76,113 (2023.. £43,649) being the interest char9e on funds utilised during the year by the School, thereby resulting in a net transfer of £43,682 as reported in the Statement of Financial Aclivities. 17. Analysls of Net Assets between Funds Educatlonal General Development Funds Fund Restrlcled Funds Total Tangible Investment Properties Investments Cash at bank Other net current assetsl(liabS1itlesl Creditors > 1 year 22,387,685 2.932,450 100 1,895,623 (4,565,983) (5,043,257) 22.387,685 3,435,000 2.385,232 2,311,438 {3,589,329) (5.043,257) 502,550 2,385,132 324,396 976,654 91,419 17.606,618 4,188,732 91.419 21,886,769 18. Conllngent Liabilitles and Capital Commltments Capital commitments amounted to nil (2023: £261,631) at 31st August 2024. There were no contingent liabililies as at 31 August 2024. 32

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued FOR THE YEAR ENDED 31ST AUGUST 2024 19. Post-Balance Sheet Events The sale of a property owned by the School completed on 2nd September 2024 wilh cash generated of £393,037. On 17th January 2025, the tenant oflhe School's investment property, Kingswood Leisure & Learning Ltd, went into administration with no prospect of recovery of the outstanding rent due. Those monies relating to the 2024 financial year have been written off as bad debt. The School has also agreed with its bank to restructure the existing loans and mortgages to consolidate them into one new 15-year loan, including an early capital repayment of £1.6m. The transaction will complete in May 2025. 20. Teachlng Staff Penslon Fund The School solely participates in the Aviva Pension Trust for Independent Schools IAPTIS) for Its teaching staff. The School made contributions during the year of £709.023 (2023.. £635,539). The School also runs a scheme for its non-teaching staff, which is a defined contributions scheme. The cost for the year represents the School's contributions to that scheme of £98.417 (2023: £88,492). 21. Commltment under operating leases As at 31 August 2024 the charity had minimurn lease payments under non-cancellable operating leases as set out below. 2024 Furniture, aquipment and machinery 2024 Motor Vehicles 2023 Furniture, equipment and machinery 2023 Motor Vehicles Operating leases which expire.. Within one year In two to five years 21,533 64,600 49,187 17,817 25,551 86,134 60,439 38,590 86,133 67,004 111,685 99,029 22. Reconclllatlon of Net Movement In Funds to Net Cash Inflow from Operatlons 2024 2023 Net movement in funds Depreciation charges (Gains)ILosses on investments Loss on investment property Lossl(Gains> on interest rate hedge Dividends and rents from investments Loss on the sale of fixed assets Decrease in stock (IncreasellDecrease in debtors Increase in creditors 178.073 885,907 {163,953) 230,000 320,450 (384,549) 28,258 8,229 (218,616) 1.927.538 17,135 802,588 193,441 {133,964) (366,841) 3.911 2,155 163,596 130,310 Net cash provided by operating activities 2,811.337 812,331 33

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024 Analysis of cash and cash equivalents 2024 2023 Cash at bank and in hand Cash held as part of investment portfolio 1,987,043 324,395 15,032 34,795 Total cash and cash equivalents 2,311,438 49,827 23. Reconciliation ol Net Debt 1 September 2023 £'ooo 15,032 34,795 (6,148,787) (9501 31 August 2024 Cash flows £'ooo 1,972,011 289,600 540,284 £'ooo 1,987,043 324,395 (5,608,503) (950) Cash at bank and in hand Cash at investment manager Bank loans Debenture loan 6,099,910 2,801,895 3,298,015 34

RYDE SCHOOL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024 24. Statom•nt of Financial Activities for the year ended 31 It August 2023 Notes Unrestricted Unrestricted General Designated Restricted Fund Funds Funds Total 2023 Income from: Donations Charilable activities: Fees receivable other eduGational income Other trading activities Investments 6,566 6,566 11,042.903 139,201 7,341 243.156 11,042,903 139,201 7,341 370,507 11 127,350 Total Income 11,432.601 127,350 6,566 11.566,518 Expendlturg on: Raising funds Charitable aclivilies 7,136 7.136 1,182 11,482,769 11,481,587 Total expendlture 11.481,587 7,136 1,182 11,489,905 Net (loss)lincome before gains on investments (48,986) 120,215 5,383 76,613 Fair value gains on investment property Nel (losses) on investmenls (193,441) (193,441) Interest rate hedge 133,964 133,964 Not Ilossllincome 84,978 (73,226) 5,383 17,135 Transfers between funds 16 82,831 {81,931) (900> Net movemènt in funds for the ygar 167,809 (155,158) 4,483 17,135 Reconclliatlon of funds: Total funds brought forward 17,494.075 4,114,223 83,263 21,691,560 Total funds carrled forward 17,661.884 3.959,065 87,746 21,708,696 35