The Kingjs School Canterbury THE GOVERNORS, THE HEAD MASTER & THE LOWER MASTER OF THE KING'S SCHOOL OF THE CATHEDRAL CHURCH OF CANTERBURY IN THE CITY OF CANTERBURY ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 August 2021 P*eO Rrgi￿r￿fcd Charity NumbÈr 307942 THE KING'S SCHOOL, CANTERBURY Annual Re￿rt and FittancAal Statements CONTENTS Pagej GovernorB OtTicers, Commitceej and Profe$•ional Advisers The Annual Report ofthe Governing Body for year ended 31 August 2021 Independent Auditor's Report to the Governorn Consolidated Statement of Trinancial Activitieb 4-20 21-23 24 School Statement ofFinancial Activities 25 Balance Sheets 26 Coniolidated Ca8h Flow Statement 27 Note8 to the Financial Statement& for the year ended 31 August 1021 28-48 Prior year Conoolidated Statetnenl of Financial Activitie• Prior year School Statement of Financial Activitiei 49 50 Pagt I Regiylered Cknriry Number 3079*2 THF. KING'S SCHOOL. CAf+rrF.RBURY Legal and Administrative Detai18 Tht full name ol the charity 15 Yhc Govcrnnr%, The He.ad Master & Tht Lnwtr Masttr nf the King's Sthncjl or the Cathedral ChurLh of Canterbury iii the City ol. can￿rbUry". It is referred to throughout thebe account5 as e King's Schi)r)I, Cantcrhury". G<>vernut$ Dean ul'cxtbterhury ex vtllci Re>iilrlitiary ol'canterbury C'athcclral Officers ofthe School Head Maxter I, l M Rnhr.rls F..5y MA Thr Very Hcv¢rend Dr R A Willis Dl. l)C.L DD (ch￿rMan The Venerable. I kvlly-Mi)i)re RA I.I.B HD 'rhr Rr.vrrrnd Canun l)r T Nai$h MA IihLI 'I'hr VlrvcT¢nd l.aniiri l)r l-. P¢nDinxtiln IIA MA I)Phil The Reverend Linon h P Dodd BEng BTh Ooined Scpre.tnher 201 Bursar and Clerk to the Govtrnor8 M R Taylor E¥ FRSA Seniur Deputy Head ILr>w¢r Ma%t¢r Mra k A W(IrihinRivn MA Deputy Hoad (Academiel (r Barilrti l-.bq RA MRSC Appointed by the Dean & Chapter cjfcanterbury Cathedral L A Hagley F.qq l.l.Ll Di'puty Head IP4itoral) Mi¥& T l L'E IIA Numirthated hy Trlhlty C¢)Ilege. ()xford Deputy Htad {Co-Currlcul•r) G A Iluntrr &59 BEn8 Nomina14.d by CoTruJ Chriiti Collegc, Lambridge l)r M l. Suiherland 1.39 13.* IM%c l)hD Deputy kli'ad (AdmiJJivtti •nil Marki'.tin8) I S Mai.l-.wen r..￿9 MA Ilefi july 20211 Mri l.. MeKtrndM('k BA Il*ail i>fthe Juni¢)r Kin8'* Schonl Mri l.. Kpxulyi MA W.$ Hax r.Jg1()K%I FRI(.'4 Damr F I ludd IOKSI ()(.' Mrs I:.%wir*. MA Dip.Cvnb RA (left r.ebruary 211211 R K Monrhrad Ei(1 DI Il¢.Ii Mdri.h 2021 ( ()iJhtr Brnfilt d.. Vilry d'Av4ucuuri Aildr¢M ol'thc School 25.fhr PrtLlllLI¥ (.anierbury Keni LI'I 2E5 L)r H Hu¥hvi ohr.. r.RC.GI' (l O Kuladp f89 il.Eng ML4A HonLLD ('.BL Ciuvernvr¥' Sub-Commi¢t¢eJ Ebtatei Lumrnittee l D'l-tnnani 1-.54 MRICS (C￿lyM￿n ofihi¥ Sub-Commlllee} %ir Ri)Kir Tk I laan R L. A R4glry 1.1 B M W 4 l.'%q IOKSI fRICS Count Rcnyit de Vitry d'Avaucourt Iioined April 20211 FIn￿nL￿ & General Pur￿￿￿• Ccimthittee Count ilrnoit dr Vilry d'AvauLX)uri (Chairman nl'thiA Suh. C-nmmittree The Very Rcyercnd Dr R A Willis DL DCL DD Sir Roger Dr. Ildan I r) Ttnnani E*ii MRIC.. R C A Haglry Eiq Ll.B Revefcnd (.4n()n A P L)ndd BF.nR R'fh O O Kolade Esq B.kn8,MbA HonLLD I:BE rhe Juniur King's School Committee The Very Revi-rend t)r R A Willi& T)]. fJCI. DD Icknirman nl'this %uh.(.'Iitnrnillr.r R C A Baglry LAq LLB Mrs C Swire Dip.Con6 BA Ilcft kcbruary 20211 B R K Moorhead Esq I)i. Ilefi .March 20211 'I'hp Kevprvnd C'onun t)r F. PenninRiun RA MA DPhil Crovrrnatb¢e and Nnmlthatitsn# Ctsmmlttee I'lu. Vl'ry RevL'r¢'.nd Llr il A Wi111 J Di. r)('.l. LID I('.hairman ol. this.￿b-comMIile.C) l D-I"tnnant l..s9 MRI(".S R C A Baglcy Esq LLB Mr4 C. Swire Dip.C.ons BA Ilefl February 20211 The Venerihle l Kvlly-Mii<)rv BA I.I.B BD (-.nuntr Flr.ni)il de Vilry d'AvauLuurl Qoined AuRu¥l 20211 Ri%k Managr.thent Commlttrr R L A Yagley Esq LLU {CThairman otihi5 Sub-comrnitteel Dame F I ludd IOK51 QC Page 2 Reg151ered Cknity Number 307942 THE KING'S SCHOO4 CAp¥fF.RBURY Legal atxd Adminiytrative Detai18 l)r 11 I lughr.5 ODE FRC.CrP fj-uincd April 20211 I'he Reverend Canon Dr T Naiih MA PhD Inveytment Committee Count Beno¢t de Vitry d'Avaucourt IChairmATh ofilis Sub. Commilteel The Very Reverend T)r R A WilliN Dl. l)ci. r)r) 'I'he Reverend Canon A p r)odd TIEn8 BTh Ooihcd October 20201 Governors Sub-CornMittO￿ (continutd) Audit Committee Thtr Rvvr.rrnd (".anon A l) T)odd Bl.nR BTh O'rjined and ChiiTtnah Sub-(.'omm1ttte since November 20201 Tht VCTY Revertnd Dr R A Willis DL DCL DL) IChairTnan ufihiA Sub.Coinmiiiee unnl Ottober 20201 Cvunt R¢ni)il dr Virry d'A¥iuLttUYL J(>int Pa%tl)Tal Liaijon Committee ittcludithg Boarding I l)'I'L'nnant r.sg MRICS Mrs E McKendriLk iIA t)4mc r. I ludd InK.41 Q(:1Sali.guarding Guwern(>TI MrA L %wire MA Dip.C.oni BA Ilcft 5'"ehruary 21)211 PmTe55ional AdvlJET$ ¢() the Sehtsol SolicitorB iy% irtd Mau%han i7 Qurr.n Streei Ram%gait Kcht CTI19EI Banker Birclay5 PIC l ondun cor￿raIt Bankjng Jnint Academic Committee ufG¢¥vernorJ & Stan. Dr M L %uth*rlxnd l-.yq FISC MSL" Pllt) If.hairman af Ihij Suh.C(Immittt.el Mrx E M¢Kr.ndriek Thr R¢verrnd I;an4)n Dr T Naish MA Phr) Tho fioverr.nd 1.anon l)r F. PenTJinKt¢lTI BA MA Dphil Vclt Wisbrough Viiardi L DDdi)n r--14 511P Auili¢vr¥ Tarye law LLP 2 MatAt Houye N(>rthtninJlEr ￿line￿ PArk Ilpyr P¢>P￿ttr Y4)rkY()26 6QW Juint International Cnmmittoe DfGc¥wevnnrN & stsly N b l.yons r..sq IOK.%I MA IC.hirmin ofthis ￿￿. JTrv.y (?111 .IDL -I'hr Very Rvverrnd l)r R A Willii DL L)ci, [)[) Invw ('hairmah nl'this LummiLLet The Venerablr l Krlly-MrtDrp. BA l.i.B tsr) J T) Trnn*nr Ex4 MRIC5 Inveltmrnt Manageri & I",0 60 lJniMiln'8lnn field% l ondtsn WC.2A 31.11 I￿￿11n & parme.rè LLI. IW Si Pavl's Churchyard Jnint Fnundatiun Curnmittcc nf & StalT l D Trnnant knq MRILS ILhirm4n ol'thill 5ub- Cvrnmiifttrl () () Ktsltsde F.5y B.F.ng MBA DL (-BE Thr Reverend Llttun A P Dodd ill..nyi BTh O(>inr.d Miy r..C4M ARII Pasc 3 Regi$rered Charity Numkr 307942 THE KING>S SCHOOL, cAr￿ERBURy THE ANNUAL REPORT OF THE GOVERNING BODY H)R THE YEAR ENDED 31 AUGUST 2021 Legal Definition: Tljc full name olthe Charity is The Covernnr%. The I ILad Masttr & The Inwtr Mahttr of Ihe King's School of the Cathedril LhurLh uf Lanlerbury in Lhe City ol. Canterbury" Throughout thi5 Reporl and the bubs¢qu¢nl inanc'ial %ialcmen(s and accounts il is refe￿ed to a$ Yhc King'$ School. Canterburl, dDd as 'Thc School, In the Annual Reprt. The Governing Body, which is formed of the Tru$tecs ()f ihe Charity, presents this Annual Report prepared under the Charitieb Act 21111 {dir ALI) and the Charity {ALLuunis and Rcptsr15'1 Re4ulalii)ns 21108, ti)gcther with the audited Financial StatcmenLs fnr the year ended 11 Au￿￿[ 2021. and cnnfirni thar the latter cnmply widi tli¢ r¢quirewn¢nts uf the ALI. the King's School, Lanterbury's Royal C'.harLer, appli£able aLLuunling 8tandard$ in the Unitcd Kingdnm (IJK Gcnerally Accepted AccountIng Practice> and the ctsaTltieq S()RP (FRS102). The King'8 SLhuvl. Canlcrbury, whafe or1￿.n& find thcir rnnt$ in the monastlc 5chnol loundcd by St Au￿%11￿¢, xuh.%L'tiiii'.til lu hi¥ tni¥sJon uf sy? A.D. wa5 re-tnunded l)y I Icnry Vlll in 1541 A.D. AI WLII as bLing rcgulaled by ihc Charities Act (Regi%tL'fLd c:liarity, number 307Y42). il iy InLvrpuraled by Ruyal LharlLr datc..d 8, July 1946 and amended hy a Supplemental Rc)yal ('haricr datcd 4 Fchruary 1992. ThL, King'8 Schnol. C.ante.rbury is inad¢ up of, King's, the Srnivr School, "I'he Junior King's thc Prep Schr)ol, 'Tlie Juniur King'y Pr¥-Prvp', the Prc-Prcp %¢hu(>l and ihl In¢crnati()nal Lollege, 'l-ug¢thrr, Ihey pr()vide a LD-eduLaLLunal boarding and day cduLatinn Inr children and young i)eople Ironi 3-18 ycars and thi& i the prinLipal activity ol, the Charity. Corporate Governanr.e. L()rp()ratc Govcrnanr.c i% aLhitVLd by dtlegation of some of the Governors, wurk io Sub-Lt>mmillr.r.8 ((>utlincd n pagi'.s 2-.3). 'Ihr¥e Sub.LoTnmitiee5 comprisc ai least Lwo nominaLL.d Gnvcrnnrs with School off)L'ers in altendani.'e, as appri)pridlL. Thi.5 cnsurc% that stratcgic plannLng/key areag r>l' Govern&ncc atld mattcr8 dri%inx rrum meeLing8 lind pr()mpt c(Jn%id¢r•i¢i()ii. 'I'h¢ Sul)-C.()Inmitt¢'.¢'4 whi(.h mv.1 as r¢'.quiri.d diiring tho y¢dr arL a8 rollnws.. inance & General Purpose8 committe.e thi% Commlttcc mct ihrcctinJc* this ycar and 1% rcsponlihlc rt)r revic'.wing and moniloring 8iraic%ic finaneial policy and in(r)rma¢ir>n. It ilM) recommend8 any appr()priaie aillun ¢0 ihl lull bnard i>f Govcrnor%. Invexlmenl Cummittee thi5 C:pmmiitcc 1.% s¢i up Lo rcceivc quarierly and addiii()nal ad hve rcpi)rt¥ from the IIivLStmLrii Manag¥r> and to krrp iheir PLrll's Inve$lment Policy, which dcvelnp¥ with timL. Thc Cnmmittrc mct twicr during the year. Audit Committee- Ihi¥ LummiLteL h(>lds rcyilar mLcLing¥ wilh ihc cxlcrnal audili)rs, ci)n5idrrs ihc repur¢¥ ol. the. exte.rnal auditors, examinr5 the approprialcness ofaccounting policies and monitors the School's internal lirtsnLial cun¢rL)Is. 'l&r Lummillee mc( IWjLe during (he year. Junior King s School committe.e. - this Commitlev has A remit (o uverbee, &up¢rvise and provide suppvrt Inr thL. leader%hip ol'l'he Junior and Prc-Prcp 5chuols.' it mct ibrcL limcs during thL ycar. Governance and Nominationq Committee- thi5 Commiltte reLommend.4 candidatei for nomination a$ new G(Trvcrnnr8, taking iT]t() c()n%i(IL'rativn the skills and Lxp¢rii'nLL rv.quir¥d uf ihv Gcivrrning Bomly as a whc)le. a$ well as reviewing, training, iuh-committev. me.mhcrship and rv.Tnllnc.ration of scttinr $ta(r. It mcr threc time8 during the ￿ar. P¥e4 Rcgi5tered LIATity Number JOP)42 THF. KING'S SCHOOU CANTERBURY THE ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2021 Risk manage.ment Committee this Ltsmmittee met twice.. it ensures that re￿lar ri%k a8sc%smcnt reviLWS of the School'b operation are underiaken and Lollbiden the results, determining whetheT any corrcctivc aclion Is required. Pastoral Liaison Committee- thi5 Cummiitee met iwice during the year to discuss besl practice in the rield ol'pa5toral care and saleguarding, central aim4 uf thv. managemcnt of d)e Schrjrjls. Estates Committee . this Committee mei three times this year and is a sub-commjttee ofthe FinanL¢ and General Purposes Cotnniiltce. It.$ remit jb Lo fuLiis t>n five maln dr¢a% nf operati()n namely siralcgiL, op¢rational, repair%, maLTltcnance and 'cnvironmental' Estate rnat(ers. Joint Acadcmic Committee of (wuvernors and StatT- this CuTnmiLlce, whiLh mel IWILt this year, was e>lahli%h¢d a5 a Innim Inr di$LU$ii()n nl'edu¢aLI()nal w)IiLy beiw¢en senior and Ci()ve.rnor&, providing any addiutsnal supprt and guidanLL uselul for the SLthools. 'Ilr. Head Master eTJ.%ures that the aLademiL managLmL'ni ol'the SLhouls i¥ refleLled in thL c.hnLCL nf this Cnmtnittcc's King. Junior School and Iniernational Cnllcge stall'mcmbers. DeparlTYJLnt4 fr()m aLf().¥s thL schaol.% arc invited in lurn lu prL%cnt to the Lummittee. Joint Inte.Ynational Committee ofGovernor8 and StatT- this Committcc met onLe thi¥ year and had bern 4r¢ up lu explur¥ and evJluali'. ¢)ptiotJs and ()ppurtunLtiLS lor King's on the internali(>nal Iront a% well a¥ -4Lrutirii8L dnd ()verget any nther internaiional opporLunilie.s. Joint Foundation Committee ofGove.rnura and StalT- thi8 Cnmrnittee COTnpri5Cs ￿rm￿r¥ frnm Gnvernnrs. Schnnl ()Ilii'cr%. pa5( pupil¥ of Ihe KLns'. %i'h()()I, (:anttrbury I'old King's Schular8' or '()KS'). p￿t aild i)rLbeTIt parcnts. It prowidc$ an independrni f¢)rum for i¢s mcmhcr% Ic) rxplore the School'y devclnpmcnt plans and fundrai¥ing prnjL'I'.t%. Governorg Selection Induc.'tion and Trainin8 ThL t)can and Rc5idcniiary Lan()ny (?f ('dntcrhury Inrin part ()I' the Gc)VLming R<￿y. ()Iher.% arL ILnminatLd by thc Dean and Chapier, Ihe Pre&idenl of .1 rinity Ci)11('.gc, Oxfnrd, and thc Mastcr nl. Lorpu5 chri811 Cnllegc, Cainbridgt. ThL GoVLM￿lLL, and Numinati<)nb Lli(..d (u Io TCIILLI any tsavings madi.. l() tJi)¢rating online. Additii)ndl Guvernnr8' IJJLL'iins.% w¢r¥ pvi in plaLC and close monitnring Of dll abpeLLs of Lhc %Lh()()I's I)PLf2tii>ti¥ wa¥ undLrtakcn. .SalLguarding ].% ilje first and m()%t imp()rtant arLa ol'pas(L)ral risk managemeni, l()¥vly fulltswcd by Hedlth and 5afeLy. "fhesL risks raiigc frtjm firL dnd inlra51ruLlurL L(> personal risk IrnoBt notably whciL pupils and siall'arc away nn trip$). I'lle l¢vel and breadih ofactivity at diL SLliv()14rL iIriyrebSiV¢ and IhL ri¥k8 a¥$ncidlcd wilh all activitie8 arc minimi%Ld by ihuruugh, carrful planning and ui>-lu-datL risk a*%e¥smL'nt. Thr. (Tl)vcrnor% arc rcspon&iblc for the mana.gement ofthe rislEs face.d hy thr. bL'hool. Drlailcd ccin.%idcraiion$ or risk ari.. Ili..Iv&ialed in ihc Aiidil and Lu the Risk Managemet]t Comniitiets, wliiJL are assL.4tLd by thL %L'ninr tLadcr8hip .1 eam, tschpnl Committee5 and 8peciali%t cnnsultant.8, ai apprnpriatr.. Risks are idcniifjed and aBses%ed and ¢licri L()nir()l% are c4tahli¥hLd throiighout ihc ycar. During thc PdiJdLmiL, Ihe Health 'l'eam, thL School Doctars and l)ublic Heal(h r.ngland wcrc cnntinually advi.siD4 and guiding thc.SLhnnl. A InrnLal rc'.VLtw ol. the Charily's ri$k management prc)LL'%SL'S is iindertaken on an annual basis. Intcrnal Audil wa5 inlroduced iij Jat]uary 2006 and is reviewed annually by tILe Audii Cummillee Governors.. the most rcccnt audit wa5 Nt)vemher 2020. It Wa8 I￿￿.￿.a at the Novcmber 2020 Audit Cnmmittce rnccting that there was nul a need, at the preseiit time, lur any further inlernal audit, Page 6 Rcgi?teTcd Charity Numbcr 307942 THE KINGS SCHOO4 CAi¥rfERBURY THE ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2021 key ccjntrrjls used by the charity includc.. Formal agendas for all Committees tktailed iems ijf rcferencc for all Committcc$ Cotnprehcnsive budgeting Ind management accounting E5tablithed organisalic)nal $trurtur¥ aTJd lines ufrtp¢)rting Fornial writtcn poliaes Financial repdalions, inLluding authorjsatson and approval levels. I'ljrough the ri¥k Tnanag¥rnLnt pracesscs c%lablished fijr the Sch()ol, thv. Gt)v¢rnors are balisfjed thai the major ri$k% idcnlificd havc. l)ecn adcquaicly miiigatLd whcre ncce%sary. li reco￿]%￿a thal sy¥liin% Lan only provide reasunabl¢, but not #bsoluie, as&uranLe Llial major risks hav¢ hr.cn adc4uatcly managed. OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES Objecl8 'The obj¢cL¥ Llfthe Charity are- 'I'u promrjtc ihe edulalion ()I'per$ons ofbuth sexc%'. 2. Tn ¢arry out and maintain thc SLhooli. l()¥cther wilh ill thc land.4, xccuriiies, muncy% and prnpcrly uf evcry d¢xriptiun rL'al or ￿rsOnal VLyled iii, rjr belonging iu, 4riy trustces on behall of thL F<)undation. Aimx and intended impact In ¥rtling thL. .Schnnl's (TrbjeLtives and piir%uin& ils gudl%, thc Gcjvcrning Budy hai ￿'Ven carcful Lon51dLraiif)D 10 thL Charity CummLSSLI)n s gLncral guidancr un Public Benefil and, in Pdrticular, lo iiy sUPple￿Il￿1&ry PubliL BcnL,lil yidanLr. i)n advancing eduLalll)n and Fte-Lharging. Internally, the King's,%(.hnr)l. Canicrbury ha always souxh( lu c)fftr as wide 3nd diverse ali acccss lu il¥ UlliqUL ¢ducatic)n as li Lan artrTrrd to do. I'he latcr Ltion on Schularships and Bur%aries tsuiline5 dic %tratLgy tu aiirac't taltnttd pupils, whaiever thcir linanLial I)ack￿0Ut)d$, to %tudy and crintribuLe al thc School. Thc latt'r qectinn, reporLin¥ thc Partncrsliip pruicct$ lh¢ Sihi)i)I has been Jnvulved in, IM>tlI within ihe Lily nl. Canlerbury and Ea%t Kcnt niure gcnerally* highli.4his thc extcrnal publiL L(>mtrJittncnt% ol. Ihe Sch(M?I during Lhe lasl year. The latcr %eLlion Lon¢i'.rtLing CaniL'rbury a5 a World Herilag('. sltc, thL King'¥ SLhvL)l Recreation Lentre, puhlir and IoLal ll uf King Eduration Online in rc$ptsn8c in thL clJallLiJges cause.d by thL .Sdr8-2-Cc)vid Lri%ig, ljut, in ￿rtI￿u1ar during ihL l.cnt Term wlJi'.ii pup)l¥ were studying from home in luLkdown. -lThe 8ULres¥ful ()ulL(JmL ur Ihe online crJur.4L'% and lessons wa¥ ihe re5uIi nl. Ihe Iruidul c()Tnbinativn ul'i¢aLher ¥kill and ILLhnuluxiLal acumcn (and rL.41)urL('.b) froTn the IT r)eparimeni. (;i)Ildl)i)ratlVL leaLhing and Sharing i)r re¥ourLeS througlj MILfobufi'l eaTn¥ wer¢ a lealure: ¥round.brLaking Luur¥es WLre albo deviaed iu iniroduLe Sixth Furtll bludic$ lur Lh¢ Filih% and prcparatLQlI li)r Utlivcrsity lor thL 6a$. Dillcrcni lime. 7Mncs ar￿L￿d tliL' gli)bv were uverLome and iherL wai a gLnuini' sense of ihe vibranLy uf ihe Kinx'¥ cla4%rnnm ()n %Lrren. -I'hL King'5 parcnt$ wcrc al%n wnndcrlul in ¥upp()rting thc King's cducali()n wlicn div pupils w¢rc at hnmc duri¥Jg l()¢kd()wn. The highe.st 8tandard ofpastoral care was mainlained acrn4s thc ycar, dcipitc the rcmntc natiirc t)I' Lhr 5ummLr Tcrm. PLLr-li%lLning ('.i)nlaLl%, lulorjal ￿0uP$ and tUL()rial¥ were lub( a% pi)¥sihl('. within thc digilal Lonlext, as wa% cnun%elling and WLII-heing ac'.ILVi(Lt'.s. EarliLr in thi.. %c'.(iur.nLL, thL' ov¢rwhelrningly pi)liiliv('. Complian('.y and Siudent WLlfare InspeLLiDn by the Independenl SLhools In4PL'cL(Irate. {15-16 January 20201 had dLinon%tratcd thal (>ur Salcxuarding, pa8t(Trral and hcalth and safely sy8tein8 wc'.rr rL)bu¥i, an f)utLomL L()nlirtncd hy dn [.%] vi&it during ihL panaLmiL cri.%ib. In rc5PI>TJW lu ihe prL'b8urts the pandemic inipc>.qL'II tlit. mLntal health (>I'8tall'and hLudLnt%, thL Sch()(>l cxlrndcd it% ci)un%clling and niirbin¥ pr(JVLSLUn. A Ivider range of UK pre.p ¥chools and fee.de.r 8c.hool8 abroad continued to send Strong and talen￿A cuhortB af n('.w i)upil%, ai YLar Y. Year IU and Sixth Forni ILVLI. Despile the impaLt ul the rs-2.Covid pandemic, pupil nuTnbcr% acro35 the thrcc Kjng's Schonls wcrc at 1292 in Seplcmbcr 2021, LumparLd to 1265 in SepiLmber 2020. Thc threc Srhooly le.arnl a greai deal from the work of the BlaLk Lives Matters and tht F.vcrynnc $ Inviled can(rihu(inn4 La widcr socjal changc a% rc£ards racisin and sexual vinlcncc and haras$ment of women and .yrls. 'fhc King's gchwl% havc made thcir anti-racist pnlicies morc rohu%t and a fundamcnial princ.iplr. hr.hind thr. thrcr Schools is that each and cvcry piipil 15 treated fairly and equally. Scxistlanguage and behaviours are nnt tnltrated and any act of sexual hara$$mtnt rtpudiated. As the impacl analysis later on in this report show6, Lhe King's sch￿1, Canterbury made a very sigRiifiLani Lontribution to public beiiefjl, both in the l(Kdl coniext with il¥ p4rLn¢r gruup uf primary ichuols, but dlbu tt) Ilie regiun ihrough ilts buppori fur thc East Keni SLhotslb Tugether IEKS'r) clu%ler. The aLtivJties uf F:KS'1" wcre entirely (Jnlinc in responsc lo the crisis, The locu% was on piipil Page 8 Rcgistrf¢d Ckrily Numbtr 307942 THE KING￿ SCHOO4 CANTERBURY THE ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2021 well-being and starrinsel training, with particular e￿phasIS on homclcssnes5 and food bank charit1¢5 in Ihe faL* uf thc pdndLtnic crisis. Thc wider educ.ational links ofthe King'8 School. Canterbury were deTnoTL5trated by th active links, mectingb and joint projects with the King's Internalional SLhuul in Shenzhen. The King & School Canterbury Foundation Ltsntinued to rai&e 5)gnifiLant lunds towards Lapitsl pr()jCLls, a5 WLII as inLreasing the availablL lund5 to hclp lalcn¢¥d pupili withnut the rjnatichal mLan$ lo benefil friiTn a King'% cduralivn. These effurl¥ wert parlicularly (Dcuged i)n thc 5ciencc School projrLt. Thc King's.School, Canterbury continued to push with its Masterplan. ThL. highlighi this year wab the ncw* thal thc Malihuuse'l'heatrL and the Intcrnalional L()Ili'.ge had won Royal Instituie of Brilish ArLhilects Nalional Awards. De8pilr. Ihe context of the Sarg-2-Covid i)andemic the King's Schtsol, Canterbury ('i?ntinutd to xh()W Ils Lreaiive an(1 PLrfnal award ai th(.. 'r.E.5. Performance for the. Year I'he King'8.SchoDI, Lanterbwy ¢onltniicd to dclivcr boih ihe Lwrricular and the co-curri¢ular 8ide8 nf a King, educali()n thri)ughDul the ycar ended 31. Auguyt 2021, dcspiie cxiended pe.riod8 whcn thL' whule SLhu()I was basLd at homc across th¥ pandL'mic (Nnvtmber 2020 - DeLember 2020 and January 2021 MarLIL 2021), 0$ well as iLme% when individual or house gr()ups wcre scll'_i&olaling folluwing a pn4iiive Lase of the vkru&. Thri)ughouL th(J.4L pcriods Icachers LunneLled iv thcir pupil% aLfoss Lhe glubal timc zancb rcm()Lcly via"I'Lams. Sijtne ()I' the besi leaiures. however, (>f the King's EduLalion Online werL the Iivt-bireaming ufinslrument31 reLiials, OKS talks and a wide range ofaLtLvitie¥ from home baking Lv learning a new lan￿ge. The public r.xam results this year were for thc 5ccond ycar running exctptinnal in many respects. No public examb were sat. and Tcachcr Asscssed Grades wcrc awarded on thc baSLS iTrf thL quality ol. work cO￿PICt¢d. Wc ran a ngorou$ as.gc.%%ment rcgimc of exams and iesis. which rcsulted in the highe¥t results in thr SLho(Jl' hiilory.. 430/0 A* at A Icvcl, 72V/D A*A grade¥ and 890/Tr A*_B. Ol. the 220 leaver% IthL largc5t cohori here tver) a reLC)rd 800/D made iheir firm cjfycr with a hcalthy I I going to LambridgL, 6 tn ()xlord, 6 10 51 Andrr.w'.%, 4 t(J Impcridl Lollege Londnn, 26 to t)urham ana i y tn P4e9 RcgisttTed Charity ￿umber 307942 THE KJNG'S SCHOO4 CA￿fERBuRy THE ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2021 Edinburgh. Qvcrsea% de.%tinations included Bocconi Univcrsity, NYU, UC.SD, Quccn'5 in Canada, UCLA and HKU. The filth (Year I l } regults werv. the. bexl ever at the top end lollowing an increase at mosi level% in 2020, with the highc.st ever grade 9 and %rade 8 {A* c4uivalLnl) num￿rS- SY/0 with a parli¢uhrly largc-. leap in thc O/ts (Jr grade 9s at 350/0 {2fln/o in 20201. Thc A*.B (gades 6-9) Q/0 was over 9(W/D again. lkne vcry gnnd Puhlic r.xamination rtsult8 in luDe/July 2a21 werc parl ora nationwidc high Icvcl ofperformance.. th¢.41'. year group5 5howr.d resilience. heartCTbin% cndcavour and commitmtsnt in the face of the r.halltrngin4 nfcircumstancts. Even the onsel ol'die Pandeinic did not sl()p thL, SLhÉ>ul's panachL whell it L￿ML5 Lu performing on slage= this wa% %h()wn by ihe ￿rI￿r[nanCL¥ in King's W¢Lk and th¢ d¢baLing. performing and ¢r¢alJve drts whi¢h were aihievttd by onlinL' Xtreaming. Thc. 6as showed irnpres8ivc leadcr%hip and rcsilience by helping 10 keLP th¢ School siudent bndy e.ngagLd and upbvai d¥*piLc thc pandcTnir. and it% <..hallr.nges. The health and counsclling team8 did remarkable work in Susiaining w¢ll-beiiJg' tIIL LIL'aning and Latering tcam5 wcrc %upcrb in thc way thcy kcpl ihL SLhuLIl rwjning wli)IbL adhLfJT)X to thL Covid-19 rLgulali¢in%. -llJe hou&L spirii and LommuniLie% held iogeiher rLmdrkably well. thc huusc￿lasLcr¥ and liou%('IIii%lrLb¥e> deservinx particular prai4c lor this %u$(aining i)I'm()ralL. Kindnesb was essential, $upp()rt f()r cTrilivr¥ ¥lrvng. 'fhL 5Lhc)ol% learnt that in addiii()n li) ('.XL¢IILI)t pastoral rarL and thc pur&uiL ul. acadcmic and co-LurriLular exLellenLe. Ihe supp()ri lor the mental health and well-bein¥ of pupils and 4tall' was diiring d)r. c.'ri¥i¥, and wi)uld bc going Inrward. thc Tiii>%l in)i)<)rtdnt njattcr ol. all. Flcncc, the increa%Ld re.sourLin& tsf Loun.*llin%, nurging, matri)n h()ur¥ and the prujcLI uf a new Hcaltli (:cntrc r()r lunii)r Junior King'g School iali'.Hlx arc. niirlured and develi>pv.d in a Y￿p￿)rlIVi.. r.arinx and kind environmeni. KiiidnLxA, al()n% wilh (>ur valur.8 ()r rcxilirnre. respl￿1, ri'adini'y¥ and ri'Jpi>n%ibil1ly are centrAI lo our cilioj. Wv. are hopelully ric'dririg th(, I'.nd i)r whal ha% hi'.L'n the mo81 challenRlnX Ilmc In uur traehinR careeri, and have navigated the sclitsul. &latri pupili and ￿ren1% •ucce53fully iliruugh()ul thi¥ gl(A>al pandemi('. nur purpi)Jr.ful aim thr(Jughoui iht la¥1 m(Inth¥ hax h¢'.I'n alway8 io malntaiii thi. ai'adi'mi(' c'xp¢'riv.nri. f()T Ihr. children and a 5tr()ng ir.n%i' nf h(.l()n¥iny and connection to uur sptLi*l I'i)mmunity ihr()u%ho￿i the Isolat)on periods awdy fr(Im JLhtsol. We continued ro marktt and rerruii ni'.w puwlJ ihruu%huul IhL' yvar, wr.11 ax rclaiii a5 many ol'our current i)upi1s as pos$iblt. l)cipilc. Ihc lact that prnspr.rfive. parent5 were n(Trt ahlf. to viNil ihe %r.ho()l in prr3on and have the usual tours during thr. i.¥nlalinn prrind%, and Ihal all CJpe.n l)ays were L￿nductL,a i)nlinL', (jur pupil numk.r8 I1)r SLPlen)ber are, pleasingly, I'.xiri'.mi.ly p(i.%iiivi' and highc.r than iisual. We seek to ariraa morr day pupilj In ()tsr Ne.hoi)I In an in(1'easinKly mmprliiivr. and volaiilr markrl.. we markv.t and pri>mot¥ lijnior King's OH uur 8(>Lial fflv.dia and oiher plaifurms regularly. A nurnher of parenls were Pinallcially challenged during ihc pandrrnir and wrre helped by the 5rhool. 'lThrouRhoui Ilic dijfii'uliiri and i-finiiani 4dapiation8 during Ihv. year. It vi'ry appro'.nt liuw highly i?ur paretit b()dy valuei the tduc¥iivn of Ihcir childr('n ovcr all else. It 18 the teaehing Sta￿ who dclivcr tD such a high siandard. and thc brradth oFI.'urriLulurri. Ihal ()ur parl'nls ¢'nd()rse. We now look furwaril Iij d rll()re nt)rrYidl tlTn2 in September when 3 full School cxpericnee will bc offered once again. Aradernirally. nur piipils at junior King'3 aihievr.d wcll lasi ye.ar. Wcll-ne.v.dcd modifirAtIDn3 ronhnued to be. madc t(} Ihe IraditlOTial C.(bYYimun r.nLrance Lurriculum and examinaiions. Our irnpru¥¢Él bkillb-babed Humanities curnculuin ib in ils stcond yc.ar and is proving to hc a more enriching Ic.arning expe.riencf for the pupil$, wha are gaining a dec.￿r understanding ol. the subjecis studied. Tliruugh uur Lhange¥i pupils have been developing skills ofre&earLh. analy818 and Page IQ REgistered Cknrily NumbeT 307942 THF. KINGS SCHOO4 CANTERBURY THE ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUCWUST 2021 creaiivily, and arL' gaining Lonfidenre. through lhr.lr nwn prc3r.ntai¢UDS and debating- lThe$e. qkills arc parlir.ularly key in prLparing the pupilg In the gkills needed as they Pro￿esS to seniur 6Lhuol and on tv GC.SF.$. 'IthiA year, all Year 8 pupils wcrp succe85ful In gaining cnlry to Ihcir chosen senior schools. Whilt ihe majarity of (Jur Junior King'3 pllpi18 will move The King's School in Septtrmber (over 9(Wol, other pupils successfully gained plaLe¥ *t'l'onbridke S('hutsl, Elrighton C.nllige, I liadington School, ()undlc Schonl and I larrow k.hool. We roniinue. rft iupport all pupils and farnilies with deLi&iunJ abuui Iheir future 8ewndary un in Individual level. Our changvs Lo ihe aLademic whf>lar¥hip proyamme. thi8 yrar have heen particularly p￿11t1Ve., more. Inclusive and wtll-rertived. and we. were really delighted by our pupil¥ 13+ ai.hievemeni8 thi% yrar.. 7 $c'h()larhhips Iiti¢ludinx 3 Ol'the lop %rh()laT&hip8I, 10 exhihitii)n¥ and IC) (Jihers WL'fL frLORnised for their poir.nlial and affcrtd plac¢.$ on the b.xcellr.nce. l)ro￿am￿C5 For diffe.re.nT sul)IL'Lts. Tn addition. we were delight¥d with ihe exLelleni GLSP. and A, l.evv.l $iic¢'.v.8xe.s ¢)fuur f(JfTiier lunior Kink's pupil3 this 3iLrnrnf.r. Wc have learned many leB50n¥ and advptLd llLW praLfiLeb oli rhe back ufiht pandeinil - ¥oJne we will now perm4ntntly kr.r.p. in ordtr In imprr)vr. and i'nhan(.'i'. the. ruiiiiing ol'the schnr)I IuTlhrr. ()ur lunior King'a Idu('ati¢)n Online wa surces8, and il will L'()niinue in a hybrid way for a liiil('. whilL. l()ngL'T for tho&e pupil% si111 unal)le Id attend ¥ch(x)I irnni¢..dialc..ly next year lor iyavi'l ()r Thihi'r ri'a¥(Jn*, Oriline parenis cveninKN have. hc.i'.n a nL'ces8ary Iniiiativi. aiitl have IIvwL.d us ro re.ach out mt)rc i(f¢etivLly and widely to all our prcnt-hudyi l)(YdrdinR and day, and fraback ab(iur the Jy$tem Ix'i'.n w)%itivc. The pandemir has prr¥t.nli.d fri)ni haviTIR the normal r.nllahnrativc academlr Iiaixnn whii'.h has been undi.'riakL'ii in pr¢'¥i(Iu$ yL'4T$ between I'he King'x ￿.h()I)I and luniur King's. and y) wc luuk IoTward i() r(Iinlroducing thi% rn-¢)rdinalii)n hr.lY4een tht Heads of l)*.PaMmrni ai b()Ih ¥Lhools aRain next year. Th¢ ('.rLalive Arts subjeJJ havr. Ix)nlinur.d lu aLhieve txtremely wtll d('.Ipilc' Ihcl fLilrirtion¥ thiN yraT uf noi beln& able t have any Iivt p¢'rf()rman¢('8 ()r play8 Wlth audience¥ yc8v.nt. plan￿ arL' alre&dy Ifooi ft)r playx and Lvnceris ni'xi y('3r. WL r411 d series ol'very %u('i'r.xxful r.vi'nlS uriline huweyer, including a I'ar(?l MpfviL'f, end ol'year ('¢)ni'vrlu dnd Pre-Pri'.p ih(Iw¥. ()nL'iliele88. the pupil% a('.hiv.v¢d <'xirL'niLly wi,.11 in l.amda and %pi'c'(..h and r.)rimd this year and wc.. w¢ire able io 8howrJii' Ih¢' pupils, Work ITI I jOLni Art and DT exhibillun in the Summer I'('rm. MuJi(' li.'syvii8 have conlinurd butli online liv(.. whc'.n IhL' Lhildren were b*ck ai %(..h()()l again Individu41 music leAM)nx l()Lal 3r()und 350 per wr.r.k wilh 28 v151ting miJ¥i(' Xiatr. Wi. gaiiicicl scholarjhipi in Mu%i(', Drama, DdriLe aTid l)T this yv.aT. Sp()n wa¥ Tfbuth curtailed thi4 ytrar, and mally fixiureJ were unablc l() happi'n. I l<)wcver, we still 3c..hicved st)Tne ut8tandinR w()riing •('hitr.ve.me.n18, most notably in aihlrli('x Ihim yi'ar. We were deli%hic..d by uur 13+ awardx It)r ipnrl, dr#pil¢'. Ihi, di¥ruptl¢)ris ol'the year. Wr wr.re ablr. lu h()Id uur annual cross-c'.nunlfy L(JmpL'tition and #por1¥ day. Our paNii)ral Cdre i¥ out51anding and Lcniral iu i)ur provlsion. Wr. l()Ili>w a I'.li'.ar Iiastoral slruclurr. wil11 furr￿ tcacher&, hi'ady iifyi'ar, si'.(.'lic)n head8 and b()arding siatT, Ihc r)L'puty Head IPa%i()ral C,ari'., 4afi'.guarding and Iluarding). ds WL.11 as Ilii. KinK'$ knn?or Lhaplain, S('ni()T NursL' drid a couiisellor, whc) wiirk% al thr School lor Iwn dayy d week. We have. an excellent {)%[ IE:. pr()grammo' In platc run boih mcdical hLalLh and menral hcalih w()rksh()P8 lur pupil¥. C.ounsc..Iling li bec()ming inLrv.a¥inKly imporiani and rri()rilixe.d r()r ￿￿rne pupils. Th18 year hay alluwed us (o f(￿u8 L>n ihe $trateyr dcvcl()wi'.niÉ required lor Juniiir Klng's in ilie cominx yr.arx. Thv nrtd l¢> dr.velop and ￿0W nur healih prnvisiun was heightened during ihc pandemic and h•% hc.mrne. a priority. Thc.re. is capaiity tv Rrow our knardin¥ and iniro(luL¥ rnore flexi-boardinx iii hL'IIL'r buarding facilities. .Swirrirnin% tviitinues 10 br. prcorcupalinn with ￿re.￿t% who wish to 8ee 3 propcr Full-Ic.ngih coycred swimming ￿￿1 al junior King's and to increase ihv opwriunilie$ awid developmv.ni i)r Ihv. spvri. MuLlI fieeded imprnvi'mc'nls lu thL Barii ari. hi'i'i)rning mvre prc￿1n￿ and wr. arc also keen tn Innk at an p.xlc.nxion to our nursery provLSLOll Wlth iyrap-around ('arL'.. WL arc exc]ted to be devvl()ping Ihe Juniur House gardv.n Inlu an all-yv.ar ruund play area in Ihe. Aulurnn dncl rridking iignifi(.'anl ifflprovr.mcnta tD Ihc crickct pèvilion. rhankg tr) a Friend% ofiunior King'8 Cownrnillce donation. The FriLnd8 havL bLYn Lrtifive in trying raise m()ney iii a dilliculi year wher¥ ihe Trvrrtial futidriising tve.nix V4L'fi' Ulldble Ir) happen. 'Ihey havr. Crealcd a new wcb$iie with An nnline shop And varir)us raffles. W£ Sup￿rted rnany local LharitlL6, )niludJng Pagt 11 Regisiered Chriiy Number 307%2 THE KINC.'S SCHOOL, CANTERBURY THE ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2021 We are keen to re-￿.￿3bllth nur lnc.al enmmiinity links. Thc I Icad has rrrr.ntly hecorne the Prpsident nf ihe SturTy Twinnin% Ay￿(x.131IThn and ihè school initti(1s lu reluTn lo using St Nitholas Church, Slurry, for our assemblies and 8ervlccB. now that the internal structural rellovaiions have ht.¢.n rompltie.d succtssfully and the covid resirirtions for thurc'h have httt.n Iiftt.d. 'I'ht. minister oFthe parish chur£h retired in May and ihe school looks forward to establishing ncw linkj, 3hared activitie$. and community ¢ve.nt8 onct agajn. WL luuk Inrward to PlLking up our links wth ¢)ur l(Ji'al primary $chools again loo, PU8l-c'uvid. The pupil numbers for the ye*r 2020-21 are ay fc)Ilow$: 2020-21 2019-20 2018-19 Total 848 251 48 5.1 Bvarders 3.17 46 Total 861 273 77 42 Bo8rd¢r5 680 72 Total 848 277 82 23 Boarders 675 63 S¢nii>r School Juiiior s¢1￿01 Pre-prep Iniern&tional 53 42 23 Ciirl8 417 Boys 431 140 48 23 Boys 41 162 Girls 430 Boys 418 163 45 Senior Scli()ol Junior SLhool Prc-rycp International 442 52 43 -37 23 S¢.'hDlar#hipJ and Rur#arie• During ihc ycar, and in fuifilmLnt ()f the ubjLCtivcs r)I'thc charity, Ihe tsoverni>rs made available 265 <2020.. 21171 SLhvlar$hip% and 13M121)211.. 10111 mean¥-Le5lcA Bur%arics, wljic.li Iu&7ether ivtal L2,OJ I k {2020.. L2,1 Illlk). -llJe¥e WLrc awardcd to cnahlL piipil$ lo benefil frorrl thc cduLali(>n ()IfLfLd ai King's whcrc therc was nccd for fJrianLial 48sislanL¢. Ai. pre8enl, a &i4nificant propnrtinn nf.%LholarthipN and Bvriaric$ ari.. funded oul L)r (he SLhL)015 current incL)mc. In ordcr tn alXlLlii)ratt ilhis, the GiJverticJr$ $et up a Fijundalivn Ollicc lo cncouragL OK5k parLn15 and friends ofihc .%chonl tn cndnw hath SLholar%hip.4 and Bur.8arit.q. I'hi¥ ini(ialivc had led i() the Kv.n( Award wIiiLh began during 2018-19. Thc aiiIJ uf the Keni Awards is to $trLtJgthen vur roois in Ktnt by prvvjding bU￿arY ¥upp()rl l() l()Cdl familic% whn wi)uld (Jiherwlbe ni)I ITrL' ahle to djfiird a King'¥ (..duLalLUn. ThL GnvernorA kr.tp the Schvol 5 Bursary and.SLholarhhip Awards pcjlicieh under cnntjnuo￿% review to help en8urL tlul the objcctivc ulwidcr accc¥¥ Lvnlinue8 ID be aLhJeved. BurJarie8 The School Ltid¢avuur$ lo provid¢ an tducaliuIL tu tliube pupilb who will l)est ￿llerIt IroIn die style tsl. teadii21g and the lacilitjC5 that we have. tn otTcr. Incvitahly nnt all parents of %uch pupil.8 will pnsgc.*8 tht mtans tci fiind the school lee% iliai w¢ nei¢sbarily have tv Charge. Tlie SLhI￿1 dues providc nicaIJs-tcstcd bursaries for this pUrPn￿. In thc yr.ar 2V2U121, we wcrc ahlc ti) p￿er as9i5tance worth Ll,6n8k12020.. Ll,598k). In additicin ti> this direct assistanLe with f¢e¥, the SLh¢)()l also subsidise5 aT]cillary expcnses, such as school trips, whcre parcnts wi)uld i)thetWi5e ￿X￿riCnCe financial hardslLIP. Page 12 Rr8lStcrd Cliiriiy Num￿r 307942 THE KING'S SCHOO4 CANTERBURY THE ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2021 The King's School Development O￿lCe In the lit￿nCIlI year 2020-21 the Kin£ %.8chnol aiid luniur received gifts liiicludin£ Gift Aid) of£i.106,612 whiLh will enable the Scknuolg to deliver a Pro￿amme of signilicanl impr()venirnt% to the pastoral and leaching ¢nvirontnent. as well as the provi5ioii ul. wid¥r aL(L'SS to a King's tducaliun throiigh the biirsAri('.% Iirngranime. ()nLt again, Ihcrr. was signilicaTLt sui)port nf £851,468 from ttlun)ni ajid parLnls for the pJ'()vision ul'bursaritb at King's, wilh a fui.dic'.r twi) 6, Form knarding places fully fundid by onf gencrous bciiclaLlvr. The l£ga¢y Llub ¢ontinue$ to altrdcL supp()ri frolli ihi)SL membcrs of (Jur L()miftunity wlJ<) havL pledged to in(..ludL a xili L() thL' SLho()l% iii ihtir will. lkne Jnajorily ()(' Iht'>L gifi% will Luniribuie t() ilie liinding ()fhur%ariLS via .1 L'fiTI Funding or he added i() IhL. Endi)wmeni Fund. 'lThe Iranslcr ol. thc ¥l)arv11()rtl'(Ilits bLlaiigST)g i()'I Iiily VLniJvr. C)K4 and L'lub ini.'riil)Lr, has r('%ulii.d in LI ,6AI,19% bv.it]g rL'coived inlo Ihv EndowmLnr Fund (il,51XI,(K)11 wa$ r¢1'c)giii￿ed as a prv.paymcnt in ihc 2019/21) alLr)unis l)ui nol Irari$fcrred It) Lnd(?wmc'.ni untsl February 2021) lu dale aliliuugh there i.% &lightly more ii)Luine. Iu L¢)￿C IroTn diyidtnd int<)mi.. ThL Fuiid CLirrenily slands al £11.07m. ThL, l(.hiht)I wighLS tu rtLiird IL¥ %raiiliidc &nd &ppreLialion t¢) all tl)(x4c whn liave ('()ntributed i>r i)Icd.4ied thr.ir ¥uppurl r()r Kin.4'S ()VL'r Ili('. pahl ycar. rnhaTI('.ii)g and cxpanding a KLTLg's EduLati()n fi)r luLurc' generalii)ns. Ea&t Kent Schools Together (ejtahliahed 2017) IIL rcturn Lo SLhi)i)I In Sepiemb¢r was unique for all given the lockdvwn in the previous tcrni, and new rebtriLlir)ns. ParittY.r ¥aJanl& were inward l()oking' (hvy WL're e4tahlishing wh4L114d bctn mik4¢d by itudL'nLS, how lo catch up, how tu dcal wilh thL tm()iinnal and menlal hLars al. COVID, wliil¥¢ dcv¢lui)ing new prut()Lnl% and procedures vn the honl.. -Ih4' impaLL throughuu¢ thL acadcmiL year duL' to 'hiihblts' and 'Lonlact tracing, rcsulicd in a >i￿lfILlI1t1Y rcduLed programmc vf vppurlunities available for Our partDcr ¥rthrKJls. A iiimmary ¥hown lyelnw and in the rK)itCf alldthtd. Canterbury Primary Science Partnership and Sclence Overview: OUT HLad nl'sciente (()utrcach and Rv.sv.arrhl, Gcoff Nel$¢)n, madc contact with a toial nf 22 school8 ar(Jund thc area, and a wrrkly srritrncc newslcller was pri)vided Sharing nrw cc)mpetition5 and resourrr..*. Virtual mLLLings twk plaLr. with ihe 15 SLLenLL ILads Irom varlely orsch1￿1$. W¥ hosted %cicncc TnetlLng% nnlint with 7 Icads frurn 7 difl('.rLnt schu(11s. Kil& were pri)vided to Bridge and l.iLLlebuurnc schnols bcnefjtting 12a primary students. ()Iir Hcad #f Geology. M)ke Mawby, launthed 'MeLL a Geolug'st, which wa5 an onliiie lecture follawed by 2 sessinn$ targeiing ycar 4 studcnts froffl Slurry and Hoath primary schuols. -llJe Ytsung Scienii¥i Journal involved 4 pupils and I siaff member crealing a jnllrnal and attending the annual cvnf¢renLe. P%E 13 k￿LStEred Charily Numbrr 307942 THE KING'S SCHOOL, CATrtrERHURY THE ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 11 AUGUST 2021 Other Frequent Initiatives sr.NDL(J virtual pre5eniation on executive functioning and MelaLO￿lti0n inLluding 67 SENDCOS from across East Kent and Eton gri)up metnber5. Music . Sounding nut pr()vidcd weekly cinail les8ons and sharcd tutoriali with state sr.hnnls. During the national lockdown in January, regular mu$ic and ¢on¢eri.4 wcrc re.corded lor schor>l and cathedral EKST- I'eaLhers involved in a variety uf virtual Llusier tneetings WLth other lead5 Irom a range ol. l)nline King'5 Talks with prnminent speakers were advcMi$(..d tn thr. EK%'I' 5chnol nctwi)rk and allendcd virtually hy thih lo('al cummunity. Community Conlribution8 Dunaiiun o(clay and prlntmalKing lable from the Art dept to cf)mmunity 4tudi(kq. I l Q h()iirs ul LY)un&elling Ir()m I meiiibcr v( slafy for Ct)mmuni¢y Counscllthg Servlce, over IQO hijurs li)t)tho11 ctsa(..hing fur Hcrthhill Under 8 fnnth411 t<'.dm. 5 hniir% from ￿olindS depi 18 part Lommiiice, Iwriltng ncw Icvel 3 and S ipnrti turr qualillcatiDM. Grr)und ¥tan'al￿1? helped Primary schonls (>n thi'.ir maintenancL' ol'playing graunds and surlaec.q. t)unaiion cjl'btsokh tc) ML)nk(vts Nalurc Rc5crvc Ir()In Ilie library, and 18 sludenl¥ parLiLipalL.d in wriling lu Lhaucer Care H()IlLL rebideni8. ()vcr 112 hc)ur¥ c)I'gvYvrnanLe fur local schr>DI¥. Charily Contributiono Almosi Ll 2,000 ral￿d far L&ariLiCS ¥uLh as Lanterhury F()od Bank, 'i&('. LantLrbury Du¥s I rusl, Ma('.millan LaT)CLr Suppnrt, BritidL Le¥iDn, Bl()(Ki Lancer Truqt, CaTJLe.r RL¥L'arLh, Cf)miL R(.licf at]d Mind. Page 14 RegiSLered Charity Number 307942 THE KINGS SCHOOL, CANTERBURY THE ANNUAL RF.PORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2020 The King s Recreation Centre IlJj4 jq a well-e4uipl)ed dnd wide-raiigin£ fai'ility Ii)r xporls and recreatLOI), buili lor buth SL.hool ai)d cummtsiiily iibL. A high qilality sportb and leisure c()mplex in the ¢tnire (Jf Canterhiiry, il ofYcr% a qWiinmiTLg pool, sautla diid %teani rui)llTr> gyni, l'arclio theatre. ¥trtiieth & Lunditiunijig r()uiii, gPim)llig ruoIn, bad￿till(￿l], tciinis ajid squasli court* aiid a rniilti-use sports hall for ninst indoor ttain game$. Shared between thc Srhool ai)d ihe Cily. uver 2, 336 irtr.rnbcrs uf the publiL have Laken L)ul anniial ii)embershii) dl rales thal are Lheaper Ilian %imilar facilities in die commercial sccior. NHS and roiincil wnrker.q are uffered a furih¢r 2nO/n di*i'oiint. ai arc l()cal coini)anies' grtsLlP membtrsliip. 'I'l)L're are also 867 slall. Eneiiil)er.% aiid g 59 pupils u&iJig it i)iilside SL.hool ilse. ()peiiii)g tiiyies are planLitr.d Irciuiid tli¢'. SLhoul tiiiictahli,. %() Iliai memhi'r.% ()I' Il)e piJbl)L' L'aiJ niAxinii&e u.¥e rjl tli(. (-.CLilre. -1lie 2 5 11)rtrt l)f)ol c)ttrrs Llasses 7 d4y¥ a week uji Ilie .Swini Etjiilaiid I'eaLhing Plan and coae.hLS leach bWjllll]iin4 1() just nvLr I,111)U p¢()plL a wi'i.k raii.gin.g Irr)m 6 inniitlL ¢?Id babie.4 1(J.%ttii(Ir CilLJ.I'JI.4. RL'creali¢)n L'.ciitrc Maiiagcr. NatAlie Collins. Nay. "We Are l)(biiil)IrdLd widi rvqUeS￿ r(Trr %wimJrJin.g Ii'b8i>llb every Wl'ek. WL. AfL fi)rtutialc' Lc) have a wailing list i)f over 51Jll ptoi)l(' wli() all wanl lo ILan) tn *wiJn here. -lTht' niulii-Iigr.%i)i)rls hall LriLk¢l elb, fi)()Ihiill. l)a%keiball badjnititcii),. in dddiliun, Iherc arr. liiui. h(iiiasli iuiirt%, two lirtlL%Y r()()ni4, Lc)urt.q Jiiil dn all.WLathcr ljix.key piitli. -I'he Centre c)Ilvr% LoaLhinx ilLfi)*.% a iiiinilii'r uf ipi)rts ti) the IoLal c'.()Jiiilliiiiiiy, wliith lia¥ lieli)ed a niiiiil)er r)I'cliildri'.n reaLh nati¢)nal Aiandthrd in buth S4uaJi aild Ba%kLtI?Ill. The Lare and training at thc RLcrc'.alii)n Len(re arc i>l'a high ￿(andard and c￿￿entlY at fiill ¢apa¢ity within thr exerci%L r(..Ir.rral prO￿amrrLL. Owing lo ihc ennrmou¥ yuLLes8 al. IhL pri>.grammL and ¥()wing dLmand ihc CLntrr ha¥ 10 trainc.d inblrucl()r% with a lew mL'mbers ul. Lhc ieam with levc.14 specific qualilicatLon8 ranging Irnnj BC.PR, LaiicL'r, l()w¢r balk pain, sirnkL, dial)c.ILS and oheliily and mental hLalth is8uc¥ and mixqi rccenily Nutriliun. 'I'he KiiLg'ti SLh()ol Rnat CILJh, l)a%L.d al Westhcrc Lakc, IL()%l(..d invjtstion events and training days wilh It)tal ¢liil>% ¥uc.h ￿ MaidBi'b ReLTcatinn (*¢'.nlre had ti) hc kcpt cln%cd during ¢hc pcrirx4 nfnatinnal I£LkdnW￿. Charity fundraioin8 and JponJorohip In the year 2020-2n21 uver Ll. sk wa% rai.qcd thri)ugh ctsllcttitTrn8 and $pec.'ial L'venis and thlg TnnTiCy lias l?CLn donated tn charilies dc4ignated by thL pupil¥. -itsc Suppori %taff also nominatcd CantLrbury Fvud Bank as Cljarity ()r ihe Year and raised ovcr £3.7k through varIou.% fundraL%ing idcaj. Various uiher eveiiL% including LinaLYe House rais￿ £1.9k lor Diver&ity Huuile, Ll,93a wa$ raiscd by Walpole I l()U5c and was ¥plii betwe¥n Ri5llLg Sun Keni Lharity aiLd ￿.)gr1￿¥ Hu%pLces. Tlicre dre many (TrthL'f4 that are dont tlirtsugh th¢ Jubt Giving paoe. FINANCIAL RESUI.TS- The King'¥ School -Ihe ycar to 31 Aiigust 2021 rc%ultcd in iicl itJLomc before translers and invESltnent gain5 of £3,560k {2019-20- £1,871k}. Thi8 illLludc5 ihc TLet jllLnTne from aonations and legaLies lo the School's Foundaiiott ol. £1,196k (2019-20 £2,642k). Ppge 16 Regisiered Charity Number 307942 THE KING'S SCHOOL, CANfERBURY THE ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2020 'IhL .4chg01'% fJnanLial pijlicy is to ensure that thcbc re$ourr.cs are used io pravide a fir5l education and to (y¢al¢ and improve the facililieb available (u pupils but also to enable these facilities to be shared with the Lanlcrbury communily, in pur%uaDce of the. c".h2rity's obicrts, whcn not in ILW by the pupils and tnany other us¢r8. "I'he LnL(JTne is ¥hnwn alter pruviding acadcmiL sLhnlarship5 and bursariL'S of £2.024k12019-20.. £2,108k). During the yrar over L2. Sm was inve8tcd in buildings and cquipm¢nt {2019-20.. £3.7m). The SLhool's proyerties were. revalued cxLernally AugusL 2021 in line with the 5-year wle. The impact of th15 revaluaiion is sh()wn in ihc accoun1% below. King's School Enteryriae8 Limited King's Sch()ol Enterpri%cs LimilLd is a bUb￿ldIarY COTnpany of thL.SLhoul. It waf Set up in ordi'r tf? undertski ITading 4ttiVillL'4 on belialf ilf the Sch(x)I, ulili%ins %Lhovl prL.Mise￿ and faLiliLiLS whLn nvL in U8L by the Schuol. All nf the profils t)f the cnmpany ar￿ paJd tsv¢r its lh¢ 5Lliool under a deed i)f covenanl. -I'hL LX)mpany made a nr.t profi101'£7k {2019-20 {L90kl IfTrY%) duc to the vnfurc'Ld restricti(Trns yel in place frciin March 2020 reyuliiiig in rcduced shop trading and planned leLtings. and many evenls hein¥ i)f)*tponed uniil 2Q22. Thi% profLI w4% th114L*t I￿JainSt LarriLd farward lo¥ic*. The. King's School (International Limited) -l-he Kiiig'% %(.hnol Ilnlernali()iidl LimitLd) is a hubiidiary Lompaily ol'thc S¢hwl. It Wa.4 %et up in urd('.r ta undLrtakc trading aLlivitie$ nn bchaifofthe. School in rLlaunn to thL 4Lhouls 1)versL'as aLIivLli<'.s. All nl. (he prufits ¢)f thc company arc.. paid Over iu thL School under a d¢cd ol, c(bv¢nanl. 'lThe iumpany madc a net pri)fJt of £258k {2U2U-21.. £118kl. which paid (Ivv.r ir) the. Si.'hi)¢il undLr the deed if c'nvcnant and, unde.r thc gill aid arrangcment, i¥ nol subjecl to lax. '1l)c n¢t a$sc'iy of the ¢()mpany Cllnst.'qIILlJtly remained at nil. Cleary Blackfriars Trufvt 'I'hiy 1% a rcgistLfLd $ulJ%idiary charily ofilje Schovl whf14L' principal objetL% arc: I. ThL promoii¢)n c)I'eduLation ai I'hL Kin4'¥ SLhf)cJl. CanlLrbury 2. IIIL establiyhrnenl and rnain(enanL¥ ()I'ont t)r morL "c.Icary 5Lhvlar¥hip.4" for pupils of'iknt King's Schu()I, Cantcrbury, ¥uppnrling their ¢rLaiivc work and trip5 lo visil plac'L'S nl'()ul&Lan(ling drtLStic inLLresL. 'ItsL mainiLnanie. cil, the Blackfriar* Iiuilding 4. Thc promolion nfthc Arts Th¢ Trusl's pr()pcrty wa5 revalued th Augusi 2016 in line with tht S-ycar cycle. lljiq %uli4idiary cliarity had nct illCOTnr. {follnwing Pa￿c￿t of Scholarshipi and Awards) of L38k {2019-20.. £26kl and nct a85Ct5 uf L738k (2019-20.. L701kl. Covid-19 Impct The 5r.hr)nl'8 pcrformancL has again been itnpacted by die global pandemiL. Pupil TJumber¥ liave been brijadly mainlained and the School dtts remain in a liealthy financial position. How¢ver, the impaLI un blart nJoral¢ and on th¢ School L()mmunity should not be und¢res1imated. In finanLial ILrrns, the bLh()()l LIL'Lted nol to in¢r¢aie f¥es at the tilarl of the 202012 1 se.4sioiJ (a 20/0 illLrcasc, broadly Jn linL With inflatii)n, wiTruld havc increabed inLome by around £0.6m). A (priinarily vulunldryl redundancy Pri)￿a￿Me undertakr.n in 2Ql 912 liad an impacl on employment co%L% and 5lalling Itvtls throughout thc Schoo15. Alth¢)ugh the schaol has Pa8c 17 Regsrered Charity Number 307942 THE KING'S SCHOOL, CANTERBURY THE ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2020 bcnefittcd from g(Jvernmcnt ￿aftt$ in the form olC()ronaviru% Job Rctcntion Scheme payments, these do nrjt fully offstt the losses IncU￿ed by the School and thc ongr>ing strurtural Insses that will nted to bt minagLd a part ol. the School's long term fJnanci•l strategy. King'5 School Regerve8 T'lie re%erve% of the charity are split between v2rious fund¥ and are d¢&Lribed in rnore detail in note5 12A-D OF the account%.. Endowed Fundg: These are funds where the capital element is considered to be permantnt. The tsiajur pari of ihL'8t fund% i% ihe Fnilndatinn capildl, wliL(..h Lomprises the <)riginal endrjwment lat]d li) the SchiM)l and thi$ forms thc.. bulk uf Ihe 5L.hnol'5 frcchnld property. Other endowment funds compriqe tru4t8 t up It> pr()vi(IL ¥eh()14rshipy aiid bur$arics. 2. Rc8tricted Funds: -fhLSC are fuiid¥ ¥ul)j¥Lt t() ¥p¢cific trusr8 declared by their drmnrs. The u#e of the%c runds 15 5uhjLct tn tli¢' provisions set out iii rach trusi. 3. Unrestricted Fund8: Thcxr. arL fiinds expendable at t]ie di8crttinn CJF thL (Ti>v¢rnors,' £1 1,716k i)I' th¢8t lund$ have btrn d¢¥ignated fur the Burbary Fund. Bursarie% are awardttd annually. Reserves Policy Thc GovLrnurb are follawing i)uliLie¥ iniendLd.. to build up ihc rc￿ry￿S availablc to lund hur%arie& Ith¢ Bvr.vry r.undl through lundrai¥ing and appeal¥ and 4L'<..k furiher endtswrnenib. for ihc lunding af &(..h()lar%hipJ to nl)Lain a nominal gro¥% yicld oral ILas12.50/0 nn tILL'. SL.ILO¢)I'% iiivestmenl& and a nnminal tntal reiurn vr 11)L .Schonl'% t¢'.n-year Lash Ilow Ii?rrLa81 shuws Lhat, cxcluding borrowing r()r Tnajor Lapilal w(Jrk&, all r)ther liahiliti('.% and commitmcnts are fully matchtd hy availahlc. flind% and th¥ Governors arc cnnfidcnt diat thlr. L.hwl's overall linaTI(.'ial Pobilion remain% a stri)ftg on¢. RLserwcs and luturc Lai?ilal funding re4uiremL'nt¥ arL' mvnittired rlgularly by thc Gnv('.rTlI)r% diruugh the Financ'.e and Gencral Purpuses Commitlee. -he a.kstl% and liiil)IlLlic$ atlrihiilahlL tu ihe variL>us fund.% by iypc drc shiTrwn irj Nule 12 1(? Ihc r.inancial SialemLnL4, and Nvle¥ 12A-C de￿rrIbL ihv. year 5 movctncnts on cach fund. Thc. tiuvrrnor5 ¢onsidcr Ihat earh ol Lhe Lliarily's Funtls has adLqUltr rc¥i)iirLM'S Lu meel its individual obligatiDrL8. The SchiKJl raises the mdjDVlty of its inr.ome through the Icvpng nF ttrmly tuitinn and boarding lets and hentc it ib nut depLndL'iil lunliki. many othL'r Lharities) on irrLylar and uncertain sourLL& of incume. I'here ]% therefore Ic*N nf a nced Lci atLiJmulatL' yigiJifiLant levels nl. Irecly availahlc rc%crvc'.% lu guard axainbt pi'riods ol. reduced incumc. TIIL, Govern(Jrs have 8et an inte.rim (argct of elittlinating thc dcfiLLt un notiunal IrLcly available reserve& bui d() not Lx)nsider the current deficil Iv liawe atLy advpinLnt Commillec l¢) ¢nablc tlie %chnol L() incr¢aye thr iiumher arid value (jr means-ILXtc..d hur8aries as well a.x tt) implement Capilal pr()j('.CLq. J. 'rrJ cuniinue lu irnpri)vc facilitlL8 through a Larefully monitvrL.d Lapital Building progamme.. 4. l'o explore. intcrnatianal oppurtunilif.s, IM)th ai homc and abroad. S. To Lonlinue Lu dv.vrlop th¢ Sch(xTrl's Lommeri.'ial activities ihruugh the Klngi EntL.￿riSt¥ Ltd. ThcsL plan¥ arr kv.pt llndcr re￿lar revitrw by thc Gnvcrnor5 and thL Senior ManagemEni Team r>l' the School. Statement ofGovernor¥ reJponsibilitieJ Charity law rtquirt8 thc Governur¥ li) pri'.parL financial Stsiements fi)r each Pmanclal year, which w'vc a true and lair wew of the allairs nl. the Lhariiy and of itg financial aclivllle¥ r(Jr diat pcri()d. In prL'I?aring thcjse rinancial 5tatLTneTJ(¥ ihe C7I)Vtmnr8 are required io.. l. Selcct $uitabl¢ accnunting p()liLies and then apply thcm cun8i¥Lently- 2. Make jLidgemenls and LStimate5 thal arL rcasunable and prudent. 3. FDllow applicable accounting $taDdaTa5 and thc c.harities SORP, di&LlosirLg and explaining any material deparlureb in the linancial èial¢menl%', 4. Prcpare the finanr.ial ¥tatemcnt% on the going concern basis Unle￿ it is inapprnpriaie to a88umc that thc Lharity will cvnunue iti business. lThc Govcrnorf arc responsiblr. Fnr kccping accounting records, whlch are such as to disclose with reasonable accuracy at any iitne the financial p(Trsition ol. the Charily and to enable them to Ensure thai the rinancial %taternentS Cotnply with &arity law. Thc Governors arc al$0 responsiblc fcjr safeguarding the PIFe 19 Registtrtd Cknity Number 307942 THE KING'S SCHOO4 CANTERBURY THE ANNUAL REPORT OF THE GOVERNING BODY FOR THE YFAR ENDED 31 AUGUST 2020 &sseL* of the charity and hence for taking reasonable step for the prevention and dctcction of fraud or other ]rre￿I￿rIticS. Thc Very Reverend Dr Robert Willi8 Chairnian of ihv ￿vernor3 1rfoJL For and on behalfof the Governor8 Lantcrbury 30 Nnvemher 2021 Page 20 Rey'5tered Ch￿ltY Number 307942 ## **THE KING'S SCHOOL, CANTERBURY Independent Auditor's report to the Governors of The King's School Canterbury** ## **Opinion** We have audited the Financial Statements of The King's School for the year ended 31 August 2021 , which comprise the Consolidated and School Statements of Financial Activities, the Consolidated and School Balance Sheets, the Consolidated Cash Flow and the related notes, including a summary of significant accounting policies. The Financial Reporting Framework that has been applied in their preparation is applicable law and United Kingdom 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). In our opinion the Financial Statements: - give a true and fair view of the state of the group and parent Charity's affairs as at 31 August 2021 and of the group's and Charity's income and expenditure for the 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 Charities Act 2011 . ## **Basis for opinion** 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 are independent of the Charity in accordance with the ethical requirements that are relevant to our Audit of the Financial Statements in the UK, including the FR C's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the Audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** 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 any material uncertainties relating to events or conditions that, individually or collectively, may cast doubt on the Charity's ability to continue as a going concern for a period of at least twelve months from when the Financial Statements are authorised for issue. Our responsibilities and the responsibilities of the Governors with respect to going concern are described in the relevant sections of this report. ## **Other information** The Governors are responsible for the other information. The other information comprises the information included in the Annual Report, other than the Financial Statements and our Auditor's Report thereon. Our opinion on the Financial Statements does not cover the other information and, except to the extent otherwise explicitly stated in our Report, we do not express any form of assurance conclusion thereon. In connection with our Audit of the Financial Statements, 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 Audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the Financial Statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 21 Registered Charity Number 307942 ## **THE KING'S SCHOOL, CANTERBURY Independent Auditor's report to the Governors of The King's School Canterbury** ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the Audit, we have not identified material misstatements in the Governors' Annual Report. We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion: - the information given in the Financial Statements is inconsistent in any material respect with the Governors' Annual Report; or - sufficient accounting records have not been kept; or - the Financial Statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our Audit. ## **Responsibilities of the Governors** As explained more fully in the Accounting and Reporting Statement, the Governors 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 Directors determine is necessary to enable the preparation of Financial Statements that are free from material misstatement, whether due to fraud or error. In preparing the Financial Statements, the Governors are responsible for assessing the Charity'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 Charity or to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the Audit of the Financial Statements** We have been appointed auditors under section 151 of the Charities Act 2011 and 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 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, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements 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. - Irregularities, including fraud, are instances of non compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: • the engagement partner ensured that the engagement team collectively had the appropriate competence, - capabilities and skills to identify or recognise non compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the School through discussions with management, - and from our commercial knowledge and experience of the sector; • we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the School, including the Charities Act 2011, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation; • we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team - remained alert to instances of non-compliance throughout the audit. Page 22 Registered Charity Number 307942 ## **THE KING'S SCHOOL, CANTERBURY** ## **Independent Auditor's report to the Governors of The King's School Canterbury** We assessed the susceptibility of the school's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations, and - understanding the design of the school's remuneration policies. ## **Audit response to risks identified** To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and - investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - enquiring of management as to actual and potential litigation and claims; and - reviewed legal expenses for indications of non-compliance or legal action. There are inherent limitations in our audit procedures described above. The more removed that laws ad - regulations are from financial transactions, the less likely it is that we would become aware of non - compliance. Auditing standards also limit the audit procedures required to identify non compliance with laws and regulations, to enquiry of Governors and senior Charity staff and the inspection of regulatory and legal correspondance, if any. Material misstatement that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council's website at: http://www.frc.org. uk/ auditorsresponsibilities. This description forms part of our auditor's report. ## **Use of our report** This Report is made solely to the Charity's Governors, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section l 54 of that act. Our audit work has been undertaken so that we might state to the Charity's Governors 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 Charity's Governors as a body, for our audit work, for this Report, or for the opinions we have formed. ## **Alliotts LLP** 26 **J** anuary 2022 ## **Chartered Accountants Statutory Auditor** Friary Court, 13-21 High Street, Guildford, Surrey GUl 3DL Alliotts LLP is eligible to act as Auditor in terms of section 1212 of the Companies Act 2006. Page 23 Registered Charity Number 307942 THE KING'S SCHOOL, CANfERBURY CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021 eitrl¢itdlknth T•i Othrr 1031 ¥n* ZD2• IloNe$ £'D £'••o Ir￿ •) JS,4 1.7 J5ml 35WO Tixdthgctyhlr I1￿￿kn OTffjI 14 J1,5 Iw 120J D? N•ilnr4ThJ 374WI J4,1 J7.03S diur¢ 1670 J22 fundi *¥ 1.634 4J4 J). 7)M26 71. FE*4DBAiANC15 ATJL AiWTIOII f2 40.2 73176 All amounts abnv* rtlatr iu tontlnulttg irtlvlties. The notes on pages 27 to 47 form pwt ofihe5e accounts P4¢ 24 Re%i¥ttted Ch2rity Number 307942 THE KING'S SCHOOL, CANTERBURY SCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED31 AUGUST 2021 T4 Tol ¥¢k Othtr ioil 2•1• Nolu L'•oo 2( J5.1fj0 14391 FS.O21 33.gjl L*li¢i t1￿￿￿Li11￿coMT Allcilliry 4W 4D.8 1.$38 fTh 5)1 Ju 37,VJ 1S.R70 3J.J% Ji.y NrliTh¢oTh¢ 692 llfiLtsXLbk li 15ePit￿ty￿ J5.5]S 4.J60 3J.iV) Ff14DBAtAPKE> *T31 AIMA&rioii *? 79& 73.215 All amounts above Telatr tQ (Dntittuirtg activities. Thr. ni>iei page5 27 tu 47 forrn pari ofthese arcounts PagE 25 Reg15Lerd Charity Number 30M2 THE KING'S SCHOOL, CAiYfERBURY SCHOOL AND CONSOLIDATED BALANCE SHEETS AS AT3J AUGUST 2021 C4)tLqolidaed S¢hool 31 31 Awsi 2020 31 A¥gMI 2021 31 Au8u51 2W20 21111 £'••o £'o•o FIXEI) ASSET. 119,976 116.927 9.669 119.731 11,361 132,092 11&7W2 9J53 126,055 Invegrrntrts 132.688 126596 CVRRF.NT A&5LTS SttKk 400 Dehiiirs 3.172 1.75$ ai ond 11.7119 7,5Q3 11,n34 (.'REDITOR&. thbt th1th1￿ yt lfja (14J121 NF.T CIIRRENT LIABII.ITIE {6271 12.4191 OLhEr I.￿￿ 140,0011 140JXDI (40.01I•1 110.7741 11.066) 1$1,B401 (40.fyXI l)¥rAlSts & AL'L'rwt4 I'¢yx CkEDI'I'OIL* duo *iltY oh4 ye lob 51,14• TOT AI. NF,T A&SLT8 IMI,2 73.&6 73215 FNDOMF.D FITN￿ 12a J2,8lJ4 33.IXY4 32.104 33.QYJ RF.STRTCTED FIINDS 12b 5.581 5.(h9 4,841 4,3&8 IINIIE&'fRI('.1'ED FIINI)S D&%iww￿d 8¢n¢ril fL￿dI 12 41J96 35.748 41.98• 35.838 12 73826 73215 AppruYv.d by ihe Governors and S]￿ed on their behaifby.. Thc v￿ Reve n(1 Dr Robert WillLS Chairman vf ihe Governors Lani¥rbury 30 Noveinber 2021 P¥¢ 26 Regsiered Charity Number 307942 THE KING'S SCHOOL, CANTERBURY CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDEDJI AUGUST2021 Consolklated ¢ashfkbw stmlement 31 2021 £'oo• 31 A￿￿&t 1020 £'ooo £'•o• £Y>LM> Nole 11.729 5.762 Imesimtni irtome receipts 300 Vwuh￿r Dfiw¥iMr fix¢d4ts$¢1$ P￿Ch￿t of In%rsimenLS 12.S79 13.6671 Fiw¢¢ Ctr$i$ paid Ncw fE25 In ￿￿￿Le mDn¢y 1.47¥ 598 Uli115cd From I'r¢s 5.ZUJ 7.308 Page 27 RegisierEd C￿rItY Numbtt 307942 THE KING'S SCHOOL, CANTERBURY I¥OTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 STATF.MENT OF ACCOUNTING POLICIF.S The King's SLhuul Lanterbury 15 a Lharity incoTrorated by Ruyal Charler in England and Wales. Registered ddrv.45.. 25 lThe PreLinLts, Lanierbury, Kenl. LI'I 2ES. Ba818 of Accouttts Preparation These accoutjts are prepared under the Chariries Act 2011 un the hisloriLal Losl Lonven(ion as tnodified by the adoption (Jfcurre.nt r051 for invcftmcnt as%ets and in accordanct with dppliLablL aLC%)uniing slandaras arld the Stalenieni of ReLoninJL'iidL.d PraL(iLe on AcLounling and Reporting by Charities.. FRS102 IL(FL¢iiVe fr()tn I. January 2019). -Ihe accrJunt$ I'c)n4()Iidat¢ thc re$ult% (Jf the S(.hool. its wh()Ily ownLd %ub8idiariex King, SLhuol, Lanterbury (Enterprises) LLIYIIILd and thL Ksng'5.8Lh()()I, ('anlerbury (Inlernational} l.imiled, togcther with thc Cledry BlaLkfrLar.8 Trust, a r¢qisiercd rharity IILuinber 29724Y), whiLh i¥ subitLt to common Lonlrul, on a linL by linc ha*ii%. l-hL, School is a PubljL BLDelit Lharity a4 delincd by FR% 102. Going Conc.v.rn The Governnr% a¥s¥¥¥ whcthcr thc u4e of going cnncern is appr()priale i.e. whether there are any material unccrtainlLL% related to tvtlLt4 ur Lunailion5 that may Last si￿1￿1(ant doubl on the ability of the .8Lh()()l ¢ Lonlinue a$ a going LullLLrn. ThL, (il)vernvr¥ makc thi$ 48%('y%m¢ni in re¥peLI uf a perjud ul'i)ne ycar Iri)m the datL ol'api)rc)val ofthc fin￿lLia1 ¥(aieTnents. TherL' arc n(J maierial unLcrtainties aboui the Schonl'% abilily lu contiIiui'. as a going crjnccrn. Feeg c¥¥ rcLeivablc and (..lJarges l()r BervicLi and usr ul'prcmists arc dÉ'.L(>unlLd l¢ir ITJ the. period in whLLh ihc 8L'rvii'.¢ is prvvidcd. Frr% reLeiYahlL' arc .qtati'.(l afier dLduclin4 allnwin¢e.%, $¢halardiii)¥ ancl other reTn)s$ii>ns sranicd by tli¢ SLhui?I Iroiii ils unre%lriLled luIJ(18 hu¢ include Luniribuiion¥ rcccivcd Ironi R('%lrii'led FIiT)dkn for SLhnlar.ships, Biir¥ariis and nthcr granl¥. Advance Fee. incomo Thc S<..hool utter4 parL'iily thr i?pp(Jrtunity ti) pay 5Lho()I Iccs in advancc in accnrdanLI'. Wlth a writLL'n cnntracl. I'he Luntract Jet.4 t)ul agrc¢d lermly iiaytn¢nt¥ from thc prLiJ4i¢I l)alantt'. agttiii%l SLhutsl lets nL'i ol'an agrL'I.'Il fix¥d termly di*L()iiiit. I'hc ainount reLeived 1.4 held ax in(erebL-bearLn liabili(y WLth thc intcrLtst dLLruing L(J thL 8chcmc. Thr. ddvance Icc i% 1re.ated as deftrrtd int()mi'. unlil ihe pupil join¥ ihe Schnr)I whcrr.iJp(>n the a￿tL.d termly amuuni lor eaclj bLhuol iLrm is chargL(l agains1 ihL remaining balancc and tskLn tt) inLome. The schnnl ree paycr is liahli.. fur any diifcrcTIL¢. httween ihe agrced tcrnjly Pa￿￿TIl and lh¢ SLhi)c)I ILL5 lor that t('.rin, Any exte$% ac'(.-rued io thc SclJLiJJe uver and 3h(Ive thL'. agTetd i()(al IcrEnly payrncnts 1% trcatLd as additional 8Lhnnl incomt. Grant8 and Bursarie8 Granls and hurxaries from restriLted fund5 are included as eX￿RIdIl￿r¢ in the period f<>r which the iward 1$ %iven. Bur.8arieN and allowancc5 froTn unrestricted fund8 tnwards slhwl fccs at the School$ arc trcatcd a5 a r(..duction in those fees. Donation Dunaljuns receivable for the qeneral purposes of thc School arc crLdilcd io"othcr Unrestricted funds" ta di%tin.oui%h thcm fruTn dircct ¥c.hool inLuTtie. DonatL()IJb r(Jr purpuses re5lriL'Led by the wishes ul. th¢ dvt]ur are taken to the relcvant°Rc5tricied Fund%" whe.re. these wshes arc Icgally binduLg thc Schaol Goven)Drs, CXLcpi ihal any amounts required to be retained as Lapital IT] accordaiJLY with die dunor s wishes are Page 28 IRe8lStered Charity Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTF.S TO THE ACcOU￿s FOR THE YEAR ENDED 31 AUGUST 2021 accounted for instead as Etxdowments- permanent or expendable accnrdiTLg lu thr. nature nf the restriction. All dunati()ns arc rcCo￿lled r)n receipt and bequt.8t% arc rccognised on execution of will. Legacies Lcgaeiel arc accounted for whcn thc economic henefit to the Schonl is considered probable. Re8ource¥ expended Expenditurc 15 accounted for on an accrvals basis. ()vcrhcaa and othcr c()$t$ not direcdy attributablc to parLiLular functio￿1 ￿liVilY Lalegories are apporliuned uver the relcvanl categories (jn the ha5]¥ vf manageTnenl e¥limatL$ nf the amoutit attrihutahlc lo (hal ai-llvity in ibe year, either by rcFrrcncL i() time or 4pace occuphttd, a5 appropriatL. lthe irreLiJvLrable Llemrnt (JI'VAT is included wilh the item cjl. expcnye lu whiLIL It relatLS. C7()vernance costs comprisL thc c()¥is ul runnityg the charity, including ¥lraLegiL planning fur its future devel¢)pmcnt. also inlcrnal and txternal audit. aTLy ILgal advice fur thc S¢hi)c)l tsuvi'.rnnrs, and All thc cn$t% of cumplying with cnnstituli()nal dnd statutory requiremLntS, SULh a¥ thL co$t8 uf Bvard and CummJtleL Iiicctingb and nl. prcparing stalulury acc()wiLs and sallsfying puhliL aLCUUlltahiliiy. Pe.n8ion Schemes "I'hc charity c(Jntributes Iii thc TcaLher¥ Pcn%icJn Dtfined B¢nLfits Scheme al ratc% let by thi,. Schcme Acluary Ind advised tu the Bi)ard by ihe SLheine Admini8(r•iur. The scheme is a multi-empl(JyLr pen4ion Bchelne aiid il is nol p(>%sihlL to identify ihc a¥s¢ts and liabilitie￿ 1)f thc schcme which are aiiributal)le t() the Sc.h(M)l. In aLLordanLe with FR$102 the &(..hLmc is accounled fi)r a$ a deflned L(Jntributii)n SLhLmc. The Charily al% contribule¥ (v a di..linLd coniribuli¢&iJ 5chcTnc. with fuiid% held Lxlernally, li)r non-leaLhins itall. whu b¥Lvmt eligibl¢ ()ll Lnrtipletinn i)f their prnbati()n lu iuin ihL ¥Lhemc. Operating leabe# Rcnlal$ payable arc tharged in ihe S()FA on a Jtraixhi linv. ha518 over the. leasc term. Sc..hool land and buildings and equipment. Freehold and leajehold property.- ThLSC pruprrtil'.8 were valued in August 2021 by independcnt Valucr¥, E'fp Prui￿rtY ISLhuol huildiiig$l and Finn'y {rtiidenlial propr.rtics>. In accr)rdancc with PR.% 102, the knvernnr8 have and will LOTLtinue lo cdrry nut annual rLViLW for impairmcnt b. Cas)italisation of property improvement8 and additionj - Unly thc co¥(¥ of Lottxtrur.titJg ntw buildings arc capiialised. ThL costs ol. Impr()vctnents, mainlL'nancc and in L()iJvcrting existing buildings lor uther uses are wriiien-vff tu the Statemenl ul. Financial ALUvilies in the year in which they are incurrcd. L'4pilalisation of furniturc and cquipment- All 6dditicJn8 arc capitalised in tht year in which the expeijditurc wa3 1￿L￿rrCd, subjcct to a dc rninimts.f Icvcl ofLS.0(K). DeprecAatio Depreciation ib provided on fixed absets 50 as Lo wrLl¢-c)ff their cost or valuation less any Tcsidudl valuc hy cqual instalTn¢nl5 uv¢r thrir expected useful lives. Depreciatic)n is charged frvtn thc term following the prriod in which the expendiLurE was inLurred. Nu deprecialion iq provided in afty pcriod prior tn that iD which the asset was first brought intu by the School. Page 29 (Registered Charlty Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR F.NDED31 AUGUST 2021 Free.hold property- ND depreciatiun has been pruvided on the SL.hool s freehold pruperLy, other than the exceptions dclailcd below, as their ￿%￿Lled u5eliil lives are in exLebS uf 50 years and the amnunls of depreciation atjd aCL￿Mu1dted deiJrv.Lialion Lalculated thereon deeined to be neither malerial nnr hignificant. 'lThe follciwsng are exLeplion to this.. Malthc)u5e and Inlernatitsnal (:ullttgL Sitt, JKS %p()ris Hall and Nurs¢ryy the Recrtation and SL Mary's Hall. Asseig still under ccJii.%triiLtic)n are noi depreLialed. b. Depre.eiated frechold property - the amount% nf depreciation calculatcd on thc cxccptinn3 above arc signlllcant and accordingly they have been depreciatcd oyer their cxpccted useful Iivcs ofbctween 10 and So year8. IEasehold property- these are amortised over the period of thLir individual ILasL'S. d. Furniture and e.quipme.nt- dcprei'.ialion is prnvidcd based on their LY)$L and useful lives ranging hctwccn thri'.i and iweniy yeari i?n a ylraight linc ha5j4. Motor vehir.leJ- d¢pr¢Liatinn iy provided based upcjn tILI'ir Lusl and expelled U¥L.ful livei r>f frmir years r)n a ¥iraighi liDL basis. Revaluatiun TILL.. frLL..lJuld, lijng lea.qehrild iind Yhurt Icascli()Id prupertiey which ari.. u$vd fvr general ¥ihwl UJL havc hLI'.ii valutd ¢)iJ thr ba¥i¥ i)I' Fair ValiJL IPVI In accnrddlll'L'. wilh FRSI 02. Thc %i.h()()l %p()rix lac'ilitics, Malthou¥L and Intvrnaliunal Lollcge Sit¢ dnd bu)IdJng9 un(l('.r Lon>truLli()n havt hr.rn valued on the ba%15 (jr t)cprcciatcd ReplaLemcnt C()st IDRL} wherLaS thi.. resideniial pri)pertic8 dnd freehold invcslmcni land ha$ hccri valued un thc ha5i4 nf Market Valuc {MV}. Crp.dil(JrJ .iahilJliLS arL r1'.(.'u￿l5ed when tlir.rL' iJ an obligation dt thL halanie Sheet date a8 a result of a pabi eveni, li 18 pr()bablL, that a traiisfer ufeLUTI()mic bLnefil will he required in b¢LtlemLnl, and ihe atnount ol dji. %LiilemL'n( Lan be chtiiiJalLd rtliably. Li4hilitii'.% are rccognisLd di iljv amuuni that thi.. %Lh()()l aniii'ipalL¥ I( will pay lo setdc (h(.. dv.bi ur thL amouTJt it IhaS rrLeivLd 45 ddvanc¢d paymciils lor dJL guods of serviLes il mu.%t prnvidc. Connected charitie. The Norah F.lizabeth JerviB Will Trut4l-'l&is Irusl is li%tcd ljy thÉ'. (".harily Commi8si(>n a bubbidiary cljarity of the King'$ 5c'.huol. Canlcrbury. Huwever, il ix d(>ubilul whLiihcr the Trusi $h(Truld be Llassified as a %ub%idiary Lharily a¥ it wuuld dppear that the original .qe.ttlnr intended thal thc Trust reinaiti Separaie Irom the SLhoul and accordiihgly app()inled a triiKte.e. indr.w.ndcnt nfthe school, HSBL. C:t)n5equenLly, Ihe activiliL¥ vf ihc Trubt havL noi been incorp()rdled iniv these fJnanLial ¥latLments. Duritjg diL' yt'ar th¢'l'ruèl rccLived ￿veStmen1 incoiije uf £4k12UI 9-20.. £8k) Ind leased pruperty ID tILe bLh()ul a comnlercial basis lor £90k antjum. "rhe Tru¥t a55etb were £1.9m as ai 31. August, (2019-20.. £1.9 milli<)n). 'rhe ¥chog1 rcccivcs facilitie5 from thc I rust donated ai markv.t value. b. The Calvin & Rose Hoifman Marlowe Memorial Trust- This i5 a %cparatcly rcgistered charity (numbcr 2899711 but LS Lonnec.tcd to thc School by virtuc of common c(Jntrol and adrt]Ini8tration. However, the results of the Trust have not been consolidatcd into these fmancial ststtments as the Page 30 (Registered Charily Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 School Governors consider thai the objectg of the Tn￿t are tou dissimilar to those of SLhool such that the resulis would be meaningle¥s. The full account¥ nf the TnL4t are available from the Bursar of tht S¢hn()l. In summary, the Trn$t had net incnme of £7k (2UIY-20.. £7k} and net movement in funds of£i13k12019-20: £52k) and net assetx {)[ £1,183k12019-20.. LI.070k>. Investments Inve5tmenl¥ are illLluded at closing mid-IxJarket value at the BalanLe %hect date. Atsy gain or105% nn revaluation iy laken lu (h¢ .snFA. Investmenl inLoint acc(Junted lor in the pcriod in the Lliarity is enlilled tij receipt. Inve¥tm¢nl uJanagcTD¢nl are a¢LuuntL.d l<)r ay inlidental ca3tx of ihL acqui8Ltit>n or digposal whertr tran.8action based, while invcstTnenl inLotne management e()5l& are c.harged as ¢.xpendiiur¢ out of the rtlevat)t inLtime lunds. Stock Stock is valued at the lower ofcosl and nLt rLali$ahle valuc. Gove.rnment grant8 CFnVCrnTncni graniy arc reCo￿lSed ai thv. fair value ol'thc a8¥el reLLived or receivable when iherL is rca5unablc a¥¥ur4nee thai Ihe ￿al)l LnnditLnn¥ will br mr.t and the grani% will be received. A grani ihat %pccilic¥ perfurman¢t ¢nndition¥ is reLugni%cd in income when thc pcrlnrmance conditii)ns arc mv.i. Whcrc a gran( d(?c¥ not 8pccify perf()rmanr.e cnndiiinn¥ it is rectsgnised in inLomL when thL pri)cccd3 are reLeived QT rcccivable. A granl received befi)ri tliL rLLWltion Lrileria are sati8lied i¥ re.c0￿18td a liability. Critical Acevunting F.8timale# and Areas of Judgement The ¥chnol inve¥lmcnt portlolio i¥ managcd cxtcrnally and vallicd at Markei Rate.. Deprei'.iati(Jn is Lhargv.d ()ver the useful lift. ()f the a&8et. Fixed assets arc rcvalued tYL'ry 5 yearh l)y cxtcrnal valu•iors. SCHOOL FEES 21121 2020 £.11￿ IA) Tle S¢huDI's fr¢ Cump￿¢d. CJriis8 F¢¢¥ 37.1141 36.079 Ix%%.' Toul bursQr￿S* grnnls Dnd aIknwa￿cS 35,021 33,971 Athl haLk.. SL'hi?Lir%h4ts. grants. clr. trry tr￿￿1 fu￿1 33,970 Page 31 (Registered Charity Number 3079421 THE KING'S SCHOOL, CAiYfERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 In addition, the ()Id King's Scholars, "frust contributed £23k towa￿5 puphts. fees during the ycar {2019.20 £18k). 2011 2020 £'oo bl C¥fHllts, awArd5 Ind p￿% pald hr by Reiirftltd Fllnds tOmp￿¢d., sch(>￿T$hI), wanLS eic. 350 PrEes. exblxtin awdith4 452 354 T'o¢al ¢duLalional awards were niade iu 25 5 individual¥ (2019-20.. 246). INCOME FROM THI SUBSIDIARY'S TRADING AcfivITIES AND LTNKED CHARITY I'he LharLLy vwn% thc wholc nf King's SLhuul Enltrprises Ltd, which proyidc8 acLommndatirJn, catering facililic5 and rctail shnp trading. It Luvenants its taxahlc prnfjts tn the SLhuvl. Suppliei made by King'J Sihuiil Entcrprijcs tn the bLhool are exLludL.d Irnm the cnn8nlidatvd r¥¥ults. The Lhariiy own8 thL whole nfThc Klng'y SLhoDI {International Ltd), thi% company reco￿1￿cl cxpcnditurc and royalties/income in rtlatii)n lu the Kings School Cantcrbury'8 nver4¢as aLiives. ¥ULh a¥ its $Lhuol in Shcnzhcn. It covenan(¥ it8 L&xable prollts to the Schonl. At year end L258k was owed io Ihc Scho. Page 32 IRegSstered Charlty Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 King'q SthoTrl Entwts Ltd 2021 2020 Totsl Tuial £'lX)O Twn(>VLY 2J2 L(y6t of salr (Joi) Gro8& Prolit 78 Ci(>¥ernm¢nt Grant 19 30 Adminl&tratlon cxpcnies 195 1198) (￿) ResL'TVLS Blr. TraiiAfer t() 111￿￿t r.hdriiy undtr G¢ft Aid RvM.rYei CIF 83 The Kingo School Ilne¢rna¢ional Ild) RnyaltiLY RL￿d1'ed 12n C¥lTrVL'rnllIL't)t Grant AilmltllAtrati¢)n r.X￿nXtu 23 258 TrAblAfer ts) Parent Ltharity undtt C¥ift Aid (258) RcxL'rvLY Llr. CIL*ry Blacktyiorj Trult 2021 Totsl 2020 TtA*l LTh)O T(JtAI Income 45 Cost ot'generating futL& C.hiHtable ac*iYiticx Govenjance Costs 25 Tolil Exw(knturc 19 Nei IIiLY)mv 38 Page 33 IReBlsiered Charity Number 3079421 THE KING'S SCHOOL, CAiYfERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED31 AUGUST 2021 OTHER INCOME Consolld¥ted 20ZI 2U20 £'ooo £'ooo Sthool zozi £'ooo 2U211 £'ooo Chirllable ietlrftles- Other Ihtome Lntrdnce Hnd Te8B1[&t￿n fee l)iryX4rt5 & f¥C.S fi￿r¢￿ed 204 204 677 38 186 56 788 1,234 677 J8 735 lJ61 186 56 7XiI Rec￿01*￿ C¢iiw 1,561 Other anclllary Actlvltlti 34 88 IU9 34 Leltry%. ryyrty r¢r4a15 other in¢f A&%rl 1119 197 102 197 162 O¢her ltt¢omlng resources C'i)venttnLed Ir(xn subswJ41ry c(HVlly 347 347 Volunlxry iourees 486 710 1,196 1,932 71V 2.641 486 710 1.196 1,932 71U 2.641 1 ¥8Uiy GrAn (iLw¢rnTr*N (iron¢5. furkwh 9Y7 997 2,474 2,474 iJ78 978 2.444 2.444 The %Lhvvl and its ¥ubsidiarie$ recelwed monleb under the guvernrnen( Curunavlrus Job Relenliun SLherne {C]R%). Thes￿ fwids were u¥Yd tl) Luvvr the salories vfiurlvughed $iarr, primarily non-teaching employees, during die peri(A uf the pandemic. Page 34 Reglstered Charity Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 EXPENDITURE Cousolld#t¢d 2021 2020 £'ooo £'iioo School 2021 £'ooo 2020 £'ooo Ch•rl¢gbl¢ Aetivily exptndlturt Ihtludti: Of1￿￿1￿S & pupo 442 1.051 442 l.D51 Coverngnct txpeNdltwe Includts: A￿lI￿r$ r¢mwKTaiiiTh' fnr servKe& 18 27 18 27 lor #erv￿￿5 21 30 21 -30 SuL*r￿S 18,880 1,728 2,674 13382 21).454 1,11116 2.91X 25,258 18,756 1,718 2ffj68 23.142 20,341 1.877 So¢NI s¢¢wty c￿Ls I1Cr￿1rffl co1￿1.￿J1￿Ml$ 25,12Y 2021 £'uibo 1,022 2020 £'ooo 1.028 Ag￿￿8￿1¢d￿Mpk>Y¢c.t￿.￿rrts 01.key In&rta8cmeni per1￿￿1 Key managtmenl per¥unnel arc madc up ol. (he oifiLLf.4 of tht SchcK&l plus the Head of Strategy & Marke(ing. 2021 £'ooo 46 2020 £'ooo 850 TeTrninathn 8rd rcdundaw p&yments Termination and redundancy paymenis relaie tn benefits payable as a rebuli uf eithcr: {a) a dtCi320n lo ternjIt￿te an cmployee s emyloymcnt belore the normal r¢iir¥ment date.. or {b) employr.c 8 dccisinn ta accept voluntary rcdundan in exchangc Inr thnse benefits. It does not in(..ludc pawenl in lieu ofnriticc. Page 35 IRegistered Charity Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YF.AR ENDED 31 AUGUST 2021 'rhe. ave.rage number of school tmployees durin￿ thc year wa5 424 full-lime and 39S part-tirne.12019.20.. 442 rull-lirne. and 411 parl-time) ofwhiLh 146 full-time and 211 parl-iitne {2019.20.. 144 lull.lime and 25 parl-time) were leaching 8taff. Neiiher thc Governi)rs nor persons connected with them received any rrmuneraiiun or other bewLclils the Srhunl cir any conneLted organisalioii. No Governors reL.laimed travel expenseg. 12019.20.. £iki during ihe year. The Schnnl in the course af its nrdinary activities, conduttcd hu%ine*8 with th¢ DLan and Lhapler o( LanlcTbury Cathedral (Jn respect ofrtntal and insuranie) totalling £379k 12019-20.. £178ki. The Srh¢M)l al¥0 shares the Losi of seLurity gu4rd$ juiiiily with the Dean aTJd Chapter li)r which the School Lontributed £202k (2019.20.. L227k). 'Ile Fjcan and lour rcsideniiary canons whn make ￿ the caryorhtion knnwn aq the Dean and Chaplr.r are all ex olFici() membcr.8 of the (ioverning hcmly. 21121 2020 The nuniber of liigher paid employees w&s'. TL%able ernulurnents band.. £60.001 £70.000 £70,001 £80,000 £80,001- £9Q.000 £90,001 £ 100.000 £150,001 £1 ()O,000 £190,001 £200,000 £210.001 1232V,UOO £220.UU1 £21Q,OQI Ihc iiumber wilh r¢tirem¢ni benefi1¥ acLrwn¥ in -'rc8¥herb Pension Schenie was -Defined C.ontrii)u¢ioii Scheme was NTr 21 25 14 12 38 41 ANAI.YSIS Ob TOTAI. RFSOURCES EXPENDED .Si¥ff Oth¢r Deprei'ialiiin £'o £'ooo 191 C.a%tA of g¢n¢r4ting fvnd ritk4nLin¥ iu¥1 Funth'wsiTYg for rc8ourcLs 'lolal for (.'harity Tr￿1118 L'051b uf I&￿ sutsidiary Tot￿ for firnup 89 72 1,6b6 414 2Jll I TolAI Itbr C.h*rily 2020 Tot41 for Group 202U 194 327 1,9110 Z.307 Page 36 (Reglstered Charity Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUCUST 2021 Staff eosti Olher Costs Depreciition Toi £,￿0 I7.906 5.563 7,459 3,252 34,1110 Ibl Tharllable ietlTrltlti Teachinbr cost Welfare P￿miSeS $4)wri ¢os18 £'cK)o £'o(x] 2,046 1.394 4.684 Eo)o 681 3,998 2.223 1,925 23.325 S52 9.451 1,404 Gronls. awdr& & prizes 23,325 9.453 22 9,476 1,404 34,1112 Gfjvern*n¢¢ CoitJ Totil for Ch•rlty 23 JJI 34,210 Sui%ith'ary cxpcndiiur¢ TotAI for Group 2.1,33J 9,470 1,404 -14,205 TD1￿ for Charlty 202 TO1￿ fnr fJroup 212 9,532 y.331 37.1136 37,035 25,452 2,1152 Page 37 IRe8lste￿d Charity Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 TANGIBLE FIXED ASs￿s Freehold ￿Sets Under Le￿e￿I)Id Furnitwe (.'hArlty Fieehold PTv￿riY Group Tot*1 £￿0vI £wo £'ooo £'ooo £'u Coit or Vdwtlo I￿￿￿Les W o(1 SeN¥nii*r 2020 Athlilions 102.976 7,413 2,657 15661 5.593 111.lJ9 1.81blb 245 121A 2,#lb {.U4 1334 472 546 1334) 5.29& 1334) B•liTh¢¢ w •131 A￿¥&¢ 2021 Y9 245 ,k¢wrn*lAl¢d deprerlRII￿ Bllluni¢$ vl" I S¢p*nib¢r 2L12Q 2.729 865 95 428 1,404 1.404 R¢￿lUL&l0ll8 L)IbrAk4dl.% alAfftce M #131 2021 334} 68 99 J,4Jll 3.436 Net Book Vulur AlftAcc Al 31 21121 2.n.i.I 2.429 245 225 5.176 All nf the ILXLd a%sels are used fur ihr direci ¢haritablc puryose* ol. thc,8¢h(M)I, th()wn wiihin ihe Lhari¢y ii)ial. A lull revaluatii)n t)I'all prc)pcr(ie¥ wa5 Larricd Dul ITJ August 2021 hy ETP Properties, in linc Wlth the S year cyclc. Thc rcvaluation was complLted in line wilh thL Scho()1'8 accounling puliLie¥. Duc tn thc agc (>f i)ur buildirlgs the Lusl model 18 ntjt a uselul comparisr>n. Page 38 IRegi5tered Charity Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE Accouwrs FOR THE YEAR KNDED 31 AUGUST 2021 INVESTMENTS RtJlri¢lNI F￿ndS F.Ndowm¢nt Fu Inveytmtmt Property £'o Comolldaied 'roi £'ooo £'oDo £,￿0 £'ooo Ai V￿￿￿1￿n Balarts ￿ a I Septem￿[ 2020 AdJilii)rfy DiswAslrLd¥'mpiion yi rw Rea115cd I Iu55C5 Unr¢u11s¢d I Ilu%wxl 2,743 316 5.320 2.012 1.290 9.669 2,012 305 692 1,032 B41aTr¢t w it 31 Awiujl 2f*21 JN7 &024 1,290 12.713 In￿sI￿t￿$ art In UK ￿ld S¥*in Al￿￿e1￿ for bnthiwnent Ill￿rne UK rquiiy- UK Trhinth. U￿r5c Equity- UK'rsk#s PforKriy ol￿r I1￿$1￿¢rt4 Liwid A¥ycl$ 3.799 14fS J62 41J 11,423 Pror¢rty H¢ld lor I￿￿51￿nt 12,71J Hlili¥rlt Cwl s,ioh DeJl8U*ltd nth lie%lrlcttd Tr'iiNJJ ndvwmctsl Prvwirly £'ooo 'T¢bl•l £'ooo At vrtwtion I S¢rAcrnt￿r 2020 2.743 5,320 25 1.290 15 Di4wi5￿5Ir¢demp1l￿>n Re￿1￿ed{g8lrLS) I Iossc5 Unrc81i5cd gfftn5 1 IIus5cyI fi92 997 B*lArttt Al *131 Au8U#I 2021 JW47 6W37 lJg0 IOJ74 Hljlorlt c.oit 4,B62 Inyeilfftent CoTrsolldaltd 2021 2020 £'ooo E'ooo 2021 202 £'ooo £Y)00 Int¢resi on ¢&5h thwsits F#ld fvr in￿sl￿ent On listed inyesltnents IinL Gill&l 40 260 300 40 239 248 145 288 Page 39 (Reglstered Charity Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YF.AR ENDED 31 AUGUST 2021 The investment property relates to land in Sturry that the School havc oHmed for ￿me years and leased for rarming. In Seplember 2021 planning perniis&ion was received for a relief that wtll allow a sizable housing dLVL.Ivpmeni iu be built vn the land. A3 at 31 August 2021 it apporyriatc to continuc lu hvld the land at the cwrying value o(£1.29m bui it is expected thar thi8 value will increase materially in the coming Tnon All investments are either in a common itiYeJimekni fund ot GUvern￿ent stQLks, which are held until theiT redemption datc*. F.RTORS C.o*alld¥trd 202U £'ooo 21121 2D21 2020 Pup￿1 d¥t4ors 01￿1 dcbiofA l)r¢wyrncthi & Acciucd IrKornc Is by untlei*uking5 164 168 Iz 164 2.fjv>7 2,507 397 67 IOA C.'RF.nrroiLs.. Jyrwllhlrtont year 2021 £'fjo 2n20 £inoo £'w• I'r￿ rr¢diiiirs io subsidi#ry l.J36 448 714 fi7 735 S,V34 4J14 73? 4.Y¥8 tkpts%ii¥ & ￿.￿ru￿Y Foes in 5,59¥ 5,685 3J611 IJW?I le¢$ Iwt¢ I I I Y43 14IZI lob rRF.DITORS.. dKAfter￿￿E>r*T ,*hopl 202LTr £'wu 2011 2020 £'ots (X￿r Lo r*pD%11.4 4Tr,Trnfl 10,774 4U.UVU 40.OOD ID,774 1,Tr66 f¢¢i InTri¢ I I I 7.J.I 733 5UJ51 An unse.r.ure.d Private Placement oF£4(hn was obtaincd in july 2016. Thr. Intcrest OF 3. 50/0 hag bccn fixcd for thc pcnod rihe Lx)ntraL￿. The agreemeni is In three tranches.. LIOM 30 year final £2(kn 1.5 yrar bullrt £ithTI 34 year final Page40 Re8lstered Charlty Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR EI¥DED 31 AUGUST 2021 A Re¥ulYing Credit Faiyliry ()I'L)m wag obtained in luly 2020, for the peric)d of 3 year¥. The inlcrrjl (Jf 3.511/4 ha% het.Th fixcd for ihc pcri(xi nf IhL coniract. I'o daic ihis hai nor w.cn u4c.d. Two annually teircd c.r)vc.nanls for both of the above faciliticy arc as follows.. Nct Dv.ht li) cxceed 7iV/ii nf f.nnwlidal¢d TTr￿1 A.iir.14 Raiii) iJl'F.RITDA to Nel Interv&t al year end not lo bc le33 than 1 51)..1.0() ADVANCE FEE PAYMENTS Parents may Lflter into a c()ntract to pay Lu the SL.huol u¥ually up tsi dLe equivaleni ol. five years, tuition fee5 in advanLL. The money may be returntd subject to speLilic CODdilions folluwing a due noiice period. Assuming pupil¥ will rLmain in thc School. advan¥¢ lees will be applied a5 follows.. Ad￿Nce P4ymenti 2021 2020 £'uoo £'ooo After S years WiLhin 2 to 5 ye4r5 Within l Lo 2 y¢wr5 360 373 733 1.1166 Within l year 94.1 2,1116 1,676 Thc balancc represet]t¥ tht accrued liability under Lhe Lontra<.'lJ. Thc movcmcnts during the year were.. 2021 £'oo 1,676 2020 £'ooo 2231 Balance as Ai I September 2020 Ncw¢ontrorLg Amounis accrued to contracts Discount Allowed to P￿en(S ,478 5911 {27) 3,127 171 2122 Amounis utili5ed in wments of fees 11,146) Bfilanee as It 31 Allg￿st 2021 2,1116 1,676 Page 41 (Registered Charity Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDF.D 31 AUC.UST 2021 12 NET ASSETS 01￿ THE FUNDS OFTHL SCHOOL AND GROUP The net assets belong to the variDu.% funds {including Advance Fccs> follows.. Yet curwtnt i•RtM"lities LDng.lerni Consolidat¢d FixtdAx¥ets Invtsimenis TotAI £'ooo £ 'ooo £ 'ooo £ 'ooo £'ooo Endownent Restricted funds 26,496 245 93.235 4.050 351 8.311 2.258 4.984 (7,812) 32.1104 Unrestricted futids (51.8401 41196 119.976 12.712 {568 {.SlJ401 80280 r4tl turrcnt l.un¥-Itnn SchDul ix¢d AAJ¢l$ £'ooo £ 'ooo £'ooo £ 'ooo £'Tro ErthwTncnt funds Resiricied fun(L4' Unresiriclcd fuiN15 26,496 4,049 2.260 4.841 17,727) 32,804 4041 41,980 1)3,235 8.312 151,8401 119.731 12J61 626 51J40 79h25 12A ENDOWED FUND.$: MOVEMF.NTS IN THE YEAR IIHIAA¢c JI 21121 r¢Jourcts t1pr￿jE￿ £'DDU t'ooo £￿00 £'ND L'OOD Ptrrnjntnl tndowmont¥'. Fi)u￿Jail1)N Lapi 5.805 19.923 1¥.7(N (hliersiKiiHI Iru515'. 747 89 NDth5 ScholHrshiA LxhibiiiON4 & l>tiz¢ lund IMr¥ire Fleu￿[ F)￿S￿ry Fund HEylll Cfroly schol￿5￿1p 243 169 1,984 123 1,91S 604 Ilyr$Aryl-.wd 'r&J vern￿r Ilursan, 87 5?0 2,V97 J2,¥1I4 33.009 322 The Fi)undalion Lapilal represent¥ the (jriginal enduwtnenl of land fornjing the bulk ofthe SLhuul'& freehold pruperty. Page 42 (Reglstered Charlty Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 The speLial Lrustb were set up by individiials and re¥triLted tn providing lunds For SLhularship8 and bursar)e.s: the assets are pooled For investment wit]i the Schuol'¥ SLhc)lar%hip. Exhihitinn and Pri1￿ FtLnd and designated lunds and are alloLated a proportion of investmenl inLome, gain¥ ()r105¥es. The gift Irom Esme Chafy prtsvides inLvme that lund¥ ihe Lhafy Sch()larship. As there are a ttumbcr of funds in the subsidiary notes lo note 12, some munding varianLX¥ can be 8een if anually calrulating iotal¥. 12B RESTRIcfED FUNDS: MOVEMENTS IN THE YF.AR Imvebimeni yiouriti B*l•Trct31 Aui IU21 £ *ODO 2•21b xpE*dtd £'ooo £'oo E'o 22 55 tlwwy FuNd 45 44U 42 42 60 Aro¢*l 43 346 4J7 J40 4,141 &hwl Ihl#l 931 Th¢ (.1¢￿ B1￿&r[l*S7.YWt 701 35 7Jg C•MLblld8ltd lot¥1 5071 44• Js The SL.holar¥hip, Exhihition and Priy.c Fund repreqents accumulaled inLumt lo bc u%cd For 8cholarships. bursaries and privEs, a¥ do the ] Cnrncr, Ednicindg(In Ncjakts and l.eoni)rt Pleuger Buryary Funds. 'Ihe transfer to The Cleary BlaLklridr5 Trust represrnt8 rrntal inci)me pyable to thc'l ruyt by thc Schwl, which for the purpoBes ul dje cansnlidatcd aiLount¥ 1% trcatEd as a transfer. Page 43 (Registered Charity Number 3079421 THE ￿NG's SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 12C UNRESTRIcfED FUNDS.. MOVEMEKfs IN THI YL.AR B•lJy¢ In¢oml lie#our1. invcsrmentg. ThL (Teneral Fund is retsined til Lover fixe(l ab¥els and if) pruYidL w(>rking Lapilal. li is alsts being buslt UP li) underpin thL' Lapiial dL'VL.l()pm¢nl prI)￿aln[ryl. 12D TRANSFERS 2Tr21 Stlvjol £'o(J Oili¢r Rt¥¢rlct¢d £,1￿0 Kin¢$ ATv41 Juhn r.thTh)nds-luniThi.%EhiivISvv￿ cknrv Corner. NnHke5 & Pl4uBcr .SLhO1￿Shlp & Bur%dry Tcrin Fw¢Jing RL&iriiied B￿bariL.$ FU￿￿1￿l￿n Lndommeni Trwistcr$ 10 L..ndowrd ccd of¢0￿tt￿ Cl¢ary Ellackfriars Tru￿1 Kings 5¢t￿oI Ini¢rntdiond Lid 258 240 Page 44 IReglstered Charily Number 3079421 THE KING'S SCHOOL, CANfERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED31 AUGUST 2021 Sthool and consolidated transfer £258k was transferrcd from the Kl￿'S School International, Ltd. Lo the Chariiy. Thi5 was a girl aid donation. TranyfcT8 Te.lating only to the cong01idated accounts There were no transfers rtknting ()nly to diL cunsolidatLd accnuntS. 13 C()NTRACTS AND COMMITMENTS Authorised and conlractcd c()mtnitTncnlJ in 2020-21 cqualled £5.8m (2019-20.. L7.3Tn)- 2021 £000 2020 £ooD Amoiiiit5 Duc within on¢ y¢ar Am()untb due kNeen one and five YLars Ainounlb Ju¢ after Five Years £337 £524 £33 894 £303 £552 855 14 PENSION SCHEMES c'hcK)I'$ empl()yLL.4 Lan belung tu onc ol'two prinllpal ptnllon schemL'S, Ihe 'I.e￿￿er￿, Pen$ian8 SLhem¢ ITPS), whi(..h is a national 5chemv ana thL. AEGC)N Group Pr.r.41)nal Pcnfion Schemc fi)r KiTig'8 ¥tatTonly."lThe total pen3ion Lust l()r thc ycar wa5 L2,674k {2n19-20 - £2,918kl. Eriii)luycr contribuliuns iu 'l'P.% arL highcr than the AE('()N scheme duc tc) ii being a multi-cmployrr defined he.nefit $cheme, Lompared tn AF.GON whiLh 1% a delinLd LonLribuLion YLhcmc. Thc Schuul ha¥ al¥u.%L't UP 2 LLqal & GL'neral Stdkcholdcr Pensiott SLhemi'. which currently ha% no mcrnbcrs. Teache.rs' Peniion Scheme Thc .School partiopalcs iTL thr. Tc.athcr4' Pension Schcmc (°thc TPS.) fur li& (caching stall.. lThe pensivn Lharge ror tILL ytar include.4 conlributiL)n> paydljle to the-l-PS ¢Jf L2,914k12019-20.. £3,2 Illk> and ai thc ycar-rnd L243k (2019-20- L264k) accrucd in respect olLuntributions lo thi& 5Lhemc. 'rhe I'pb L5 an iinfunded multL-emplnye.r dcPincd bcnefLts pcniinn scheme g()verned by Thc TLachers' Pensiotl SLheme Re￿latiOnS 2014. MeTfLberb LontrilTrute on a'pay a% y(>u g(J hd%iS wilh contribulion% frc)tn inctnhers and thc cmployer being crcdited to thc Fxchcquer. Retirement and other pcnsioD benefits are paid by puh12C funds pruvided by Parliam¢ni. The employer Lx)nLribution rale is Set by the SeLretary of stale fulluwing scheme valuatiunb undertliken by the Governmcnt Actuary's Department in accordance with the Public Service Pen5ion5 (Valuations and Emplnycr Page 45 Reglstered Charity Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 Cost Cap) Directions 2n14 publi.8hed by HM Trtasury cvery 4 ye.ars. Tht rno%t rccent actitsrial valuation r)f thc TPS wva) prepared a¥ ai 31 Marcli 2016 and tlje Valuaiion Report, which Was publi&hed in March 2019, confirmed that tht emplnyer COT]tribulion ratc fi>r thL I-PS would in(.'rLasc frnm 16.4U/o tn 23.60/0 Irnm I Septetnber 2019. EmployLrs are al80 fLquifLd io pay a SLhcTne adTDini¥iratiun levy vl. 0.080/0 giving d LLilal cmplr>ycr cnntrlbutinn rate of 2 3.684/.. A c.'opy of the valualiun report and.%upp()rting d(Kumentati(Trn Is on ihe TeaLthers' Pension¥ websile. Tht, 31 March 2016 ValuallC)n Repc)ri was prepared in aL¢ardan¢e with the benefiL% set out in the SLheme re￿latIonS and under ihc api)rtsach 4pe¢ific,.d in the Direction$, a.% ihly applied ai S March 2019. Ilowever, thc absumptions were con8iderr.d aiid by ihe t)Lp*rthient lor Education pritsr to tht ruling in dLt 'McClnudl.Sargcant ('asc 'i-hi5 c&%e has rc4uirod thc c¢¥iiri8 to ci>nsid('.r (.'a4r.4 regarding thi.. implr.me.ntation t)r the 201 S reforms iu PubliL Service Pensions inLludiTig the TeaLh¢rs' P¢n¥ions, On 27 June 2019 the SupretllL. Ci)urt dLnied ihe guvcrnTncnt pcrmission to appcal the Court ol. Appcal. judgiiLI'.nt tlidl iran￿lI1￿n￿l pr¢)vi%ians intrnduc.Ld ti) Ihc reformed PLn¥i()n sLhemes iTJ 201 S gave ri8e tn unlawlul age discrimination. The government is re%￿LlIng ihe (:vurl'$ d('Ll$l(Jn and has Said il will ¢ngage fully wilh ihL r.mplnymcnt Trihijndl as well ab eEnpli)yL'r and mLtnlTrcr re1)rc￿entatIve.q t() agtc h(Iw ilic discrimination8 will hu rt'.medied. The TP.% iq suhjL'Ct ti? a cnsl Lap mLchanisTn which wa% ￿1¢ in plaLe lij pr()le.r.I taxpayer% againbl unlore¥een Lh￿)￿lL5 iii schL'mL LX)St%. TILL. Lhi¢fbvLrr(ary lu Lhc Trca%ury, having in 2018 aiLni)uiiLLd that tlLcrL wi)iild be a rv.view of this cosl Lap mtchanilm, in lanitsry 2019 announccd a pau%e tn Ihe cap mcchani8m li>llr>wiT)g thr. Courl ()r Ai)Ix'.al'b Tulin.g in thL McCloud/Sargc'.atil case and uniil ihcre i¥ ler￿jniY abuui (he valuc ol'pLn$itsns In cmplnyccs Irr)m AprLI 2UI S ()nward%. In virw uf ihe ahc)vL ruling¥ arid dLLb%ll)n¥ ihe absiimptinns u%e.d in the. 31 March 2016 Ac'.tUdrial Valu4tL()n may he.come inappropriaic, In thi% scenarir>, a valilation prLparcd in accnrdancc Wlth reviBcd benclLt$ and Auitahly revi%L..d a4%uiniJtL()Ih¥ wuuld yield dilTvreiit rL%ulis than th￿ LunLainLd in ihc ALluarial Valual)(iii. Unlil a reTnedy tu the di.%crimiriati()n L()IILlu¥Jun ha¥ bLLn dctennincd by thc ThTLploytncnt Tribunal it is n()t PO%sihlL Ir) cnncludc nTJ any finanLial imPaLi rjr lijturt ch4ngeM t() thc. c'.()ntributi()tL ralv¥ vf thE'I'Pb. Accurdiiigly ri() prL>Vibion lur any addiriondl pa41 bL'TL¢fJl pcn¥ion Los1¥ 15 inLlvded in ihLSC financial ¥Lalctncnt5. Undcr Lhc dclini(Lon5 Act i)u( in FRS 102, IhL TP% is an unliindcd multi-cmplnyt.r w.n¥ivn .4Lhcmc. 'Ilc SLhool has a('.r.i)urJti'.4J f(Jr its Lvntribuli(>ii% to thc 8chLIILL' if il w¥r¢ a dYfLnvd Lvniribuiivn srhLini. 'I'hL School has 5eL oul above thc infnrtnatL()n available Dn the scheme. AEC.C)N Group Penonal Pcnsion Scheme. Non-¢¢aLhing Stall. are eli£ible lu participate in a defiiied LYTrntributiUii SLheine Iiianaged by Ae¥on Gr()up. The a55Ctfj nf thc schcTnc arr. he.ld separatcly from the Schnr)l. i¥ employer's Lvntribution ratt varies acLorditLg lo thc level of cmployec'8 contnhution ch05cn by an individual mcmbcr ol'stalT. NLW enlranls aulo cnrollcd iTltu the SLIIc'.IllL IOIII dt st￿Idard 4V/o Einployee's and 5.34Q/o Employcr's contribution, with a maximum Employer 3 contnbution of l OD/D (on COTnpletion or prubalionary period). Page 46 IReglstered Charity Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 Contrfbution ratej School 4.(Y/. >7.50/0 10.oog/o Thorc was £90k ar.crucd tn the scheme as al 31 Auw8t 2021 and this was duly paid. 15 HECONCILIATION OF GROUP NET INC'OME NET CASH INFLOW FROM GROUP OPERATIONS 31 21121 £'ooo 3 l kngust 2020 £ 'ooo N¢t incoming resources Isee p¥c 231 tkweLiation InNrsimert Income rinancc and other bosts D¢¢r¢&seliincre&sel in stocks Decreasellin¢re&se) in de￿OrS In¢reas¢lldeiredsel in creditor5 Incre&selldecre&sel in deFK>Stt4 Net cAsh Innoiv frorn ¥roup operAllons 3.788 1,404 12361 l J25 1391 2.028 1,346 1,793 2,052 13001 1.641 {4211 65 950 10,951 5,762 Page 47 IRegisiered Charity Number 3079421 THE KING'S SCHOOL, CANTERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUCUST 2021 16 ANALYSIS OF CHANGES IN NEf CASH RESOURCES AND DEBT OF THE GROUP Atal JI IOIIJ £,￿0 Cuh fl•w ¢'oo Jl Au¥uil 2L121 £'DO• CD5h Inh￿nd8￿ DL b8nk 7.506 3,2()J 12.7119 OiheI Logn 14D,QOOI 140,0(M)I inflowfrom D￿rIti01)g 132h94 Ad%￿￿.￿ reek ￿lthIll on¢ y¢¥ 19431 195Ql Ad￿cE feeb afte* more IhAnon¢ye•r 11,066) {34,170) 19JD7 17 Covid-19 Impact Thc wnrldwide uuibreak ufihe LY)runavinJs pandemic (Covid-19) ha$ LAu¥ed rxtrnxivc dixruptinnx ir) nrganisatinns glnhally with majur impliLation& for uperatjDn3 a8 Wtll a8 FJnancc$. Thc Govcrnnr.4 acknowledge and reco￿lse thc impact nl. thc C(Jvid-19 1)aridemiL on dbe vperati()ns i)I' Llhe Sthool, its pijpils, parltieN, ¥tskeholdera and on thc widcr sncicty, and havc c.nsurcd thai both re$ource$ and proce¥yey are in place t mitlgite any disrup(Lon lo it¥ uperalion8. This was aljo thc cas¢ in th¢ priur y¢ar )Liuunt4. Page 48 (Registered Charity Number 3079421 THE KING'S SCHOOL, CAiYfERBURY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUCUST 2021 18 Prior Year Con801idated SOFA R•ilrt¢t•d Vadoyrtd •ol Olh•r Fullth 2*n IQ14 £'ODD LWOO Ythool f￿[￿￿￿1V *•) J3.Y70 Olhw Anwll&ry A￿1￿11* wnet*inBf*i& IncThffle 210 ￿d￿l￿¢r 40 io 95 Vol*JlAry 3.642 2.466 J8ts27 40.727 p•nthtur• oni 46 46 2.1 Nnl Avwlthi foreh4NlINi Ipplic*￿ 2Z T•t*l bkp•*tht*Y• 68 276 Tr4nykrj￿￿Rll￿ NEfhiovbM174TJN gVNDS YFAR d￿￿(£￿11 l &piembEr 1019 71.866 iJr4D DALANC• ATJI AULUST2020 71.806 Page 49 (Registe￿d Charity Number 3079421 THE KING'S SCHOOL, CANTERBURY IYOTES TO THE ACCOUNTS FOR THE YEAR EI¥4DFD 31 AUGUST 2021 19 Prior ye￿ Sehool SOFA U*ttBIArfrd TMdDwod un 2n2• 1119 £w•o t'ooo h￿1 f¢eb(¢¢¢iv4N* Lkh¥ffthU1￿Tha1 2,642 I￿44 40 rol￿ E*r￿nd11￿￿t 50 242 2.942 Nel C*Iiirfl.O%X¥lL￿ lrtvrilth•rtli 12d Rov41wlioft ofihiipbl¢ffikrdL%xt hEfMOWFJ1èTr4TIN FUNDS dbi11nrL7￿ I SEpipnbEr2019 2.ÈJ6 125 IIND RAIAF4CD5 A1 31 AuG￿3r201o Page So (Registered Charity Number 3079421