THE GOVERNORS, THE HEAD AND THE LOWER MASTER OF
THE CATHEDRAL CHURCH OF CANTERBURY IN THE CITY OF CANTERBURY
ANNUAL REPORT
AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st AUGUST 2025
ANNUAL REPORT AND FINANCIAL STATEMENTS
CONTENTS
| Page | |||
|---|---|---|---|
| The Annual Report of the Governing Body for the year ended 31st August 2025 | 2 | ||
| 17 | |||
| Consolidated Statement of Financial Activities | 21 | ||
| School Statement of Financial Activities | 22 | ||
| School and Consolidated Balance Sheets | 23 | ||
| Consolidated Cash Flow Statement | 24 | ||
| Notes to the Accounts for the year ended 31st August 2025 | 25 | ||
| Prior year Consolidated Statement of Financial Activities | 44 | ||
| Prior year School Statement of Financial Activities | 45 | ||
| Legal Structure and Governance Arrangements | 46 | ||
| Governors, Officers, Committees and Professional Advisers | 48 |
Page 1 Registered Charity Number 307942
ANNUAL REPORT AND FINANCIAL STATEMENTS
The Annual Report of the Governing Body for the year ended 31st August 2025
The Governing Body, which is formed of the Trustees of the Charity, presents this Annual Report prepared under the Charities Act 2011 (the Act) and the Charity (Accounts and Reports) Regulations 2008, together with the audited Financial Statements for the year ended 31st August 2025, and confirm that the latter comply with the United Kingdom (UK Generally Accepted Accounting Practice) and the Charities SORP (FRS102). The legal structure, governance arrangements and details of the professional advisers can be found later in the document.
The School in the Annual Report.
Objects
The objects of the Charity are:
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To promote the education of persons of both sexes.
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To carry out and maintain the schools, together with all the lands, securities, moneys and property of every description real or personal vested in, or belonging to, any trustees on behalf of the Foundation.
Aims and intended impact
In setting the schools objectives and pursuing its goals, the Governing Body has given careful consideration to the advancing education and fee-charging.
education. The school has long sought to attract talented pupils from all backgrounds and to ensure that financial circumstances are not a barrier to opportunity. The Public Benefit section of this Report provides further detail on how our Scholarships and Bursaries programme continues to support pupils who demonstrate exceptional promise, and on how our partnership and outreach initiatives extend the b community and to local schools.
Alongside this commitment to public benefit, the Governing Body has set a renewed strategic direction for the coming years, encapsulated in 29 . This Vision articulates our enduring ambition for every pupil to belong, engage, connect and thrive , within a community that celebrates individuality, encourages curiosity and fosters both excellence and empathy.
Through a holistic education that unites academic rigour, co-curricular breadth and strong pastoral support, we are committed to the development of every individual in our care. The Governing Body has reviewed and reestablished the aims and identified the key enablers People and Resources which will underpin School ely within a shared ethos and sense of purpose. Our plans are wide-ranging, forward-looking and firmly rooted in the history and heritage,
The detailed five-year strategic plan, with its accompanying one-year operational plan and dashboard of key performance indicators to measure progress, has proved to be critical in ensuring the financial priorities are addressed.
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ANNUAL REPORT AND FINANCIAL STATEMENTS
This Report sets out the
achievements against its stated aims in the following areas:
Our pastoral provision supports each pupil to feel that they truly BELONG . Our aims include:
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To provide the highest standards of pastoral care
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School, Canterbury site provides the best environment for teaching and learning
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To ensure that there is commitment to promoting diversity, equality and inclusivity in all aspects of the operation and educational provision
Our inspiring curriculum challenges them to ENGAGE : with ideas, with activities and with opportunities. Our aims include:
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To achieve a high level of academic performance in Public Examinations and to support a broad programme of academic enrichment
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To ensure the Junior School provides a broad, all-round education, where academic and co-curricular activities and individual pupil talents are nurtured and developed in a supportive, caring and kind environment
To ensure there is in place a programme of co-curricular activities that encourages and inspires pupils
Our pupils are offered opportunities to CONNECT . Our aims include:
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To develop stronger relationships with feeder schools at home and abroad
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To provide opportunities for everyone within our community to stay connected to the school
Our education provides every pupil with all they will need to THRIVE . Our aims include:
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To support successful transition to Higher Education and careers for our pupils
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To ensure that pupils engage in a range of educational partnerships, service activities and charity work To establish a digital strategy which is agile and responsive to new technologies
The success of our pupils will be underpinned by two enabling factors: PEOPLE and RESOURCES . Our aims include:
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To recruit, develop and retain high-quality teachers and staff
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To support the provision of Bursaries and other development priorities through fundraising and philanthropic engagement
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To operate more sustainably, reducing waste and shrinking our carbon footprint
To develop our facilities so that they meet the strategic aims and the needs of our pupils
This Report also comprises:
The contribution to Public Benefit
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The work of the Development Office A summary of some of the aims for 2025-26
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A financial report A report on risk management
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ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2025
PERFORMANCE AGAINST OBJECTIVES FOR THE YEAR ENDED 31st AUGUST 2025
To provide the highest standards of pastoral care
The school prepared for the opening of a new Day House and Flexi Boarding facility, which will also house the Counselling and Chaplaincy teams within a dedicated wellbeing hub. This addition will allow the school to maintain strong pastoral ratios as pupil numbers grow.
The Counselling team continues to thrive, expanding group work to support more pupils and overseeing the training of a full-time Trainee Counsellor. Life coaching has become a central part of the service, with the inhouse coach fully booked each week. The Chaplaincy team also expanded this year with the reinstatement of the Graduate Assistant to Chaplaincy role, enabling a lively programme of events, reflection, and charitable work that enriches the spiritual life.
Following a thorough review of the former Tutor system, a new Mentor system was launched at the start of the 2025-26 academic year. It increases contact time between pupils and their Mentors and embeds a more coaching-based approach. All Mentors are engaged in ongoing professional training to ensure every pupil receives tailored support and develops the self-knowledge and skills to thrive beyond school.
An external safeguarding audit provided strong reassurance of the rigour and quality of the safeguarding and pastoral provision.
development.
Pastoral Care and Safeguarding in the Junior School
Significant efforts were made to improve behavioural outcomes and expectations throughout the year, with overwhelmingly positive outcomes noted including parental feedback. A number of policies were re-drafted and new behaviour management practices and strategies were implemented. An independent review of safeguarding was , praising current practice and providing a series of recommendations which are already being actioned this year.Two counsellors continue to provide specialist support where needed, while all pastoral staff benefit from specialist pastoral training.
The wellbeing hub has been relaunched, providing weekly newsletters for parents and staff wellbeing resources.
A quarterly wellbeing survey ensures that leaders are able to hear pupil voice and act on any concerns raised by pupils.
To ensure that there is commitment to promoting diversity, equality and inclusivity in all aspects of the operation and educational provision
The school continued to prioritise Diversity, Equity and Inclusion (DEI) throughout 2024 ~~2~~ 5, with significant progress made across the strategic aims of belonging, thriving, connecting and engaging, for both pupils and staff. Key achievements included strengthening DEI elements within policies and the curriculum, training over 40 staff as Mental Health First-Aiders, conducting accessibility audits with expert guidance, and hosting a highly successful annual DEI conference, at which 86% of delegates from local schools reported being extremely Inclusive Employers Accreditation process.
Looking ahead to 2025 ~~2~~ 6, priorities include embedding the FREDIE service programme, involving Shell pupils in the inclusive Roots Futures Programme alongside peers from different school contexts, and completing the Inclusive Employers accreditation.
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ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2025
To achieve a high level of academic performance in Public Examinations and to support a broad programme of academic enrichment
Academic results in the summer of 2025 were very strong, with pupils at A level and GCSE achieving results which were amongst the best ever seen at the school.
This year, at A level, 52% of grades were at A or A (with 24% at A), and 81% at A-B. Seventy-eight pupils achieved at least three A or A grades, and 14 achieved three A* grades or more.
At GCSE, our Fifth Form pupils achieved another impressive set of results, with 71% of grades at 9-7, reflecting continued strength at the top end. Furthermore, over 50% of pupils achieved a Grade 9 or Grade 8. Seven pupils achieved a remarkable nine or more Grade 9s, with one pupil achieving 12 Grade 9s, while 21 pupils achieved straight Grade 9s and 8s.
Academic departments continue to conduct a comprehensive process of review, enabling targeted action plans to further raise attainment. , have been launched, underpinning a process of observation and review and enabling best practice to be shared.
A wide range of enrichment activities and visiting speakers enhanced academic and co-curricular throughout 202 ~~4~~ 25 and visits from a range of notable speakers and experts. Highlights included the pupil-led Young Scientist Journal Conference, a Harvey Society talk by Professor Sarah Gurr, and a Morpurgo Society talk by author and OKS, Annabel Steadman.
At the International College, students achieved strong results, with 62.7% of grades at 9-7 and 46.6% at grades 9-8. Students sat an average of eight GCSEs each a remarkable achievement given that most students are nonnative speakers and achieve these qualifications within one year.
To ensure the Junior School provides a broad, all-round education, where academic and co-curricular activities and individual pupil talents are nurtured and developed in a supportive, caring and kind environment
The Year 8 pupils performed strongly in many areas of the school, ensuring a strong reputation of all-round excellent outcomes continues to be the hallmark of Junior School education. Pupils performed strongly in Scholarship exams, with King's praising their preparation and conduct:
13+ Awards
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Academic: 3 Scholarships, 1 Exhibition
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Drama: 3 Scholarships, 2 Exhibitions
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D&T: 2 Scholarships, 2 Exhibitions
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Music: 2 Scholarships
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Games: 2 Scholarships, 3 Exhibitions
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Art, Dance: No Scholarships, but 1 Art and 2 Dance Exhibitions
11+ Academic Awards
- 2 Scholarships, 2 Exhibitions
Heads of Department undertook detailed SWOT analyses to inform the School Development Plan, supported by a programme of lesson observations and curriculum discussions throughout the year.
A major focus during the period was the KS3 Project, designed to strengthen progression and collaboration across Years 7-9. The initiative aims not only to promote academic excellence but also to ensure that pupils are well prepared for the challenges ahead. By streamlining the curriculum and fostering a more coherent approach, the project will create a supportive and connected learning journey for pupils as they move from Years 7 and 8 into Shell.
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ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2025
Work also began on rejuvenating the Year 1-4 curriculum, transforming both its content and delivery. This project seeks to make learning in the early years more engaging, comprehensive, and aligned with contemporary educational standards. By introducing new pedagogical approaches and up-to-date resources, we aim to nurture curiosity and a lasting love of learning among our youngest pupils, ensuring the curriculum remains both relevant and responsive to their diverse needs.
To ensure there is in place a programme of co-curricular activities that encourages and inspires pupils
Pupils continue to be able to take advantage of an enormous range of co-curricular activities. Highlights in 202425 included:
Music
It was a remarkable year national recognition. The Crypt Choir played a central role in School life and beyond, from leading Evensong in the Cathedral to starring in a nationally broadcast Christmas campaign. Instrumental music flourished through popular concert series and high-level solo and chamber performances, including the biennial piano competition school musical Legally Blonde showcased collaboration between music and drama, while the Sounding Out outreach programme (see page 11) expanded its impact, earning accolades from Classic FM and the Times Educational Supplement. With over 20 concerts
Drama and Dance
An inspiring performance of Clue, as well as over 100 pupils involved in the spectacular performance of the musical Legally Blonde. , with pupils presenting plays (Railway Children, Wuthering Heights and Much Ado about Nothing), a wonderful dance show and major concerts, alongside nearly 200 other events ranging from dance classes to multicultural fetes and academic
Sport
ance, culminating in their firstChampionship title. Golf also saw remarkable individual success, with one ranked 4th globally in his age group and another qualifying for the World Junior Championships. Squash, badminton, and basketball teams all enjoyed competitive seasons, with notable wins and strategic development, while sailing continued to thrive with strong showings at national regattas and inter-house events.
Team sports such as rugby, netball, football, and hockey demonstrated depth and cohesion, with the rugby 1st XV securing an impressive victory against local rival Langton Boys and an inspirational tour to South Africa in the summer, and the netball 1st team winning all but one match. The football programme expanded its identity and saw success across age groups, including a memorable tour to Barcelona. Cricket had one of its best terms, U14 boys delivered standout performances. Across all disciplines, there is a culture of commitment, growth, and excellence, with pupils excelling both individually and collectively, often on regional, national, and international stages.
Drama
We have continued to champion inclusion and excellence. All pupils in middle school came together in a large, ensemble production of The Lion King that celebrated collaboration as well as individual performances. Every single pupil was involved, either acting in the production or taking on stage-management and lighting roles. Pupils impressed with their ability to work on a large-scale set and their collective responsibility for all aspects of the production.
Junior House created their own, whole section, ensemble production of The Twits using physical theatre techniques. We continue to run LAMDA classes and to develop our work with a range of artists. During the last year our pupils appeared in West End musicals, Number 1 international tours and a range of TV projects.
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ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2025
Music
Music has continued to be very popular, with over 300 timetabled lessons a week given by 26 instrumental teachers. We had a particularly successful year in which five full music scholarships were awarded for entry to King's and many incredible concerts and musical events. We have increased the number of choirs with a small, auditioned Chamber Choir and some new non-auditioned groups. There are currently three members of the National Youth Choir and one member of the National Children's Choir. Many pupils learn an instrument and there are approximately 30 staff in the Music Department including the Director of Music, Practical Music Coordinator, Music Administrator and all our Visiting Music Teachers, who teach individual music lessons during the week. These lessons take place during the school day on a rotational basis, so that pupils do not miss the same lesson each week. There are also group theory lessons, which are set at specific times either before school or in breaks or lunchtimes.
Sport
We continue to enjoy many successes on the sports field and were again winners of the Molten League (U11). Our U13 teams participated in IAPS competitions throughout the year, and it was lovely to be able to host the forward to welcoming 12 other prep s letics, fencing and squash competitions and it has been lovely to see several pupils reaching national standards and competing at National Finals. One of our pupils achieved the fantastic accolade of becoming a National Fencing Champion, whilst several other pupils were awarded medals. Many of our pupils have participated in sport outside of school and pupils have represented Kent at cricket, cross-country and hockey.
To develop stronger relationships with feeder schools at home and abroad
These included a Choral Day, a Sports Day and a Drama Taster, each designed to showcase different aspects of the academic and co-curricular strengths. Potential scholarship candidates were also invited to attend for assessments as part of these events. The initiative saw current pupils visit local partner schools to support co-curricular activities, further strengthening our relationships within the wider community. Alongside this, the school attended a number of national and international fairs and hosted visits from agents new pupils this year, reaching its largest ever roll.
UK, particularly in Year 11, enabling them to find their feet before applying for sixth form courses in the UK, some demanding and innovative accelerated GCSE offer.
operation. 2025 saw the first set of A level graduates successfully gaining places at UK and international universities.
2023 and expanded in September 2024 to prep-aged pupils. The school is now firmly established in the local community, although it is a very difficult post-covid market. The facilities are excellent, and the curriculum is in . Canterbury, Cairo is in its advanced pre-opening phase, with construction of the Nursery well underway and final architect designs for the Senior School near completion. The Nursery will open in 2026 with the Prep and Senior School opening in 2028.
-week programme that offers
immersive academic, cultural, and sporting experiences (English, performance, excursions to London, social and sporting activities) to students aged 8-17.
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ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2025
To provide opportunities for everyone within our community to stay connected to the school
2024 to bring together current and former pupils (OKS), parents, and staff. The Association, supported by the Development Office in collaboration with parent ambassadors, staff and OKS, provides a central platform for school to the expertise and guidance of the wider network, while for parents, staff and alumni it cultivates a supportive and thriving community, Kong, China, Dubai, Nigeria and Singapore in addition to multiple get-togethers in Canterbury and London.
2024-
To support successful transition to Higher Education and careers for our pupils
In 2025, 198 pupils completed Year 13. Of these, 188 have taken up university places, with the most popular destinations being universities, 86% of pupils (144) achieved places at Russell Group universities.
- Oxbridge: 11 pupils gained places at the Universities of Oxford or Cambridge. Medicine, Dentistry, Veterinary: five pupils secured places in these highly competitive fields. Overseas universities: 18 pupils have taken up places abroad, including: Brown University, Cornell University, Duke University, New York University (two pupils), Rhode Island School of Design, WHU Otto Beisheim School of Management [Germany], TU [University of Technology] Delft, Hong Kong University of Science and Technology (HKUST), Chinese University of Hong Kong (CUHK), University of Moscow and the University of Birmingham in Dubai.
We continue to ensure that all pupils are able to apply to a range of universities, degree apprenticeships and places at conservatoires that are best suited to their abilities and interests, with extensive support and advice available. The recently established Futures Department, led by the Director of Futures, plays a central role in in pursuing their chosen path.
To ensure that pupils engage in a range of educational partnerships, service activities and charity work
Partnership and volunteering
Filmhouse: Ten students from secondary schools (Simon Langton Boys', Simon Langton Girls' and Canterbury Academy) working with students (Years 11department using The Malthouse and International College facilities. The project culminated on 9th May with a red-carpet showcase event at The Malthouse. It is hoped that a similar event can run for 2026.
Pupil volunteers assisting at local primary schools each week (language classes and reading); collaborations with the University of Creative Arts Architecture Dept, as part of their degree course, facilitating the study of our buildings for their student projects; use of the Sports Centre by local charities; continued governance of local schools by our staff.
Charity fundraising and sponsorship
In the year 2024-25 over £68k was raised through collections and special events, and this money has been donated to charities designated by the pupils of both KSC and JKS. The support staff also nominated The Rising Sun as Charity of the Year and raised significant funds for it.
There is a home clothes day each half-term and a large number of house charity events raising money for both the charity of the term and other nominated charities. Examples include a Tradescant Sleep Out, Walpole Carnation Café, Luxmoore Danceathon, a Jervis Challenge event, Meister Omers 24-hour ride, Linacre rowing event and Charity Dinner, Kingsdown Charity Lunch, and Grange and Walpole Charity Dinner.
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ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2025
Service activities
The CCF has enjoyed a dynamic and successful year, marked by increased participation and notable achievements. Winter training focused on indoor skills, including rifle handling and communications. Extension classes have grown in popularity, offering advanced radio and first-aid qualifications. The school hosted its own Summer Camp, featuring adventurous activities across southern England. Cadets excelled in external courses, with record numbers passing advanced fieldcraft and leadership qualifications. Notably, four 6b cadets became The CCF also led the historic Ringing of the Bell Ceremony in the Canterbury Cathedral, a privilege granted by our affiliated regiment, the PWRR. Cadets played key roles in the VE Day service and continued to support state school CCFs, including a joint exercise with the Royal School in Wolverhampton. Individual achievements included cyber-security qualifications and prestigious appointments such as a remains strong, with Year 9 cadets engaging in adventurous water-based activities to start their journey.
Further achievements
These are detailed in the Public Benefit section below.
To establish a digital strategy which is agile and responsive to new technologies
The 2024-25 in readiness for a new launch in September 2025. Whilst technology-enabled teaching has been a classroom staple for the past decade, this September saw the rollout of 1-to-1 devices (Microsoft Surface tablet PCs) to the new Shell cohort, facilitated by the Director of Digital Strategy. Alongside this a Director of Systems has been appointed to streamline School systems and ensure that colleagues can easily access key data from their classes, houses and teams, to ensure that future decisions are data-driven. The Director IT for KSC/JKS/KIC facing.
Given the success of the Shell devices rollout, plans are afoot to expedite device allocation to other year groups in the summer term, ahead of the original September 2026 forecast. Early plans are also in place to see pupils to give online, written feedback to their periodic reporting cycles this is to be trailed after October half-term with the Shell cohort. Further plans are afoot for Power BI dashboard access courtesy of Schools BI aggregating -
The school has developed an AI charter, guiding staff and pupil interactions with AI and ensuring that pupils learn of the risks and benefits of this emerging technology.
To recruit, develop and retain high-quality teachers and staff
The school now has a clear People Strategy which sets out how the school will recruit, retain and develop its people as key enablers of the corporate strategy.
There has a been a significant amount of recruitment across all departments, with 165 support staff and 16 teachers recruited. Alongside this there have been a number of internal leadership promotions following a restructure of the Senior Management Team at the Senior School. The school fully supports those who want to obtain Qualified Teacher Status and complete the statutory induction period, and five teachers have undertaken a Graduate Teaching Apprenticeship.
The Professional Development Processes (Appraisal) for both teachers and support staff have been reviewed and relaunched alongside an offer of training for managers, to underpin a supportive culture of continuous improvement. Alongside this there has been a focus on leadership development and use of the Apprenticeship Levy to fund development. An employee voice mechanism, with full representation, has been established across the school and will support more effective collaboration and two-way communication. All staff have access to a wide range of internal and external training opportunities.
A number of wellbeing activities and initiatives, including Mental Health First Aiders, Menopause Cafes and a Wellbeing Network have been established to support the development of an inclusive culture.
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ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2025
To support the provision of Bursaries and other development priorities through fundraising and philanthropic engagement
This financial year, the Development Office has continued to support both the Senior School and the Junior School, raising vital funds for a variety of projects.
The most significant of these was the Charter Awards Transformational Bursary Programme, which ultimately aims to support 50 free places at the school, forever. Thanks to the support of our community, the Charter Awards Endowment Fund has been sufficiently increased to support five pupils so far, three of whom have come .
2024-25 marked several landmark moments for the Awards programme. Our first ever Awardees starting in Shell completed their first year and it has been a joy to see them flourish and make a home-from-home here at the school. Our first ever Award Holder also graduated this summer, achieving excellent results in her A levels and going on to make ambitious plans for the future. We look forward to supporting her as she transitions into life
In addition to increasing the available funds to help talented pupils without the financial means to benefit from a ies and priorities. This includes funding the flagship partnership programme, Sounding Out (see page 11) ; enabling much-needed facilities upgrades with a donation to refurbish the lighting in the main hall; as well as enhancing our co-curricular activities, with additional donations received towards squash, Music, and our Archives.
To operate more sustainably, reducing waste and shrinking our carbon footprint
Since January 2025 we have been developing a new all-schools Sustainability Strategy to guide decision-making across every aspect of School life. The strategy will shape how we plan and review daily operations, while also embedding core principles of sustainability into the education of our pupils and wider community.
We are setting clear, measurable targets across six key areas to monitor progress and reduce the environmental impact. A dedicated Sustainability Working Group, led by an Operational Lead, is already overseeing initiatives to improve energy efficiency, promote recycling, and engage the whole community from pupils to parents in environmental stewardship.
meaningful progress towards a greener future.
To develop our facilities so that they meet the
strategic aims and the needs of our pupils
To support our strategic vision and enhance our overall pupil experience, in the last twelve months we have identified, planned and implemented improvements to several of our key facilities. We have focussed on increasing day-pupil numbers, making our Schools as accessible and flexible as possible for our parents to access and offering high-quality teaching and learning spaces.
For September 2025 we have been able to deliver a new day house which has been designed to provide a blend of modern comforts in a historical Grade 1 listed building (Choir House). Alongside this, we have also introduced a new flexi-boarding provision which offers our day families greater choice and adaptability, aligning with the evolving needs of our local community. Additionally, improvements to our home-to-school transport provision will ensure safe, reliable, and efficient travel for day pupils, broadening access and reinforcing our aim to be inclusive and responsive to the diverse circumstances of both our students and their parents.
We have also refurbished a further eight classrooms over the past 12 months at our Senior and Junior Schools, and completed developments to a new Futures and Sixth Form Centre space.
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Public Benefit: Partnerships Overview 2024-25
-ordinate the extensive outreach work of the school. The Schools Together website Case studies ISC (schoolstogether.org) sets out in detail all the projects which are currently being undertaken, and this Report reflects only on the main priorities and initiatives for the academic year 2024-25
East Kent Schools Together (EKST; established 2017)
this cluster of 11 secondary state and independent schools, CCCU (Canterbury Christchurch University) and the University of Kent. EKST has clear aims which are set out at ekst.org; they include the broad objectives of raising aspirations and widening horizons, both of which our pupils to collaborate with those from across the area in a wide range of activities.
Sounding Out
This is a classical music programme for pupils from six partner primaries and four partner secondaries. We currently have 42 pupils this year attending weekly, fullywell as masterclasses and concerts
Music Teacher Awards and for the Independent Schools of the Year Award for Outstanding Educational Partnerships which will be announced on Tuesday 14th October 2025.
science partnerships to local primary and secondary schools throughout the year, sharing both our facilities and educational resources.
Saturday Science Smarties: Groups of local primary pupils in Years 5 and 6 returned four times up until Easter for Saturday afternoon laboratory sessions focusing on a variety of topics, including forensics.
Young Scientists Journal: Over 100 pupils from local state schools attended this one. Multiple Geology sessions were led by the Head of Partnerships with Canterbury Academy and other local schools.
SEND Conference: our annual SEND conference was held at our Birley's Pavilion with a panel of excellent speakers. Approximately 80 delegates attended representing 43 different schools.
DEI Conference 2025: 43 attendees (teachers, SLT and DEI leads) from a variety of schools (state, independent, local, national, primary and secondary) attended a very successful day on Friday 13th June.
Pilgrims Way Primary Eco-Conference for approximately 90 pupils and staff from local primary schools to highlight the need for eco-councils and innovative and challenging ideas to improve green initiatives for their schools.
ol. Over 80 people attended the conference in total. Feedback included:
excellent, immersive academic day.
History: War of the Roses online conference: The King's School, Canterbury was proud to take part in The War of the Roses online conference on 4th March 2025. Thirty of our pupils, alongside 55 School, listened to experts discuss this pivotal period in English history.
Other initiatives
on Thursday 12th June 2025 and attended by 150 Year 4 students from four local primary schools kside Community Primary School.
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athletics, lacrosse and football sessions were held as well as a talk from two Olympians Sean Kerly MBE (1988 Seoul Gold Medallist, 1984 LA Bronze Medallist) and Grace Baldson (2020 Tokyo Bronze Medallist, 2022 Birmingham Gold Commonwealth Medallist). Free tee shirts and a BBQ lunch were provided. To be held again in 2026.
Breakfasts continued regularly with 25-4 staff helpers. Commonly followed up with a second session in our Geology Lab and use of the interactive sandbox.
29th June 2025; £200 each was raised for Social Justice Network & Catching Lives.
EKST creative writing project in conjunction with Canterbury Christchurch University (CCCU): Creative writing workshops delivered by BA students to encourage creative writing submissions for an anthology being compiled/published.
over the weekend of 11th-12th July 2025.
Other ongoing partnerships
CPD and Development: Our most impactful CPD support was through the two conferences, focused on SEN and DEI, which reached a wide range of state and independent schools, bringing the communities together for very high-quality (and free) networking and learning.
We are currently working to improve the opportunities for King s pupils to provide service and outreach to local schools and the community, whilst also hosting core subject clinics within the school. Partnerships and outreach form a major part of the five-year strategic plan.
School Sports Centre
-equipped and versatile facility Centre offers a wide range of amenities including a swimming pool, sauna, steam room, treatment rooms, gym, cardio theatre, strength and conditioning room, spinning room, and courts for badminton, tennis, and squash. It also features a multi-use sports hall and an all-weather hockey pitch. With over 2,800 public members, the Centre provides competitive annual membership rates, including a 20% discount for NHS and local council tailored around the timetable to maximise public access.
Swim England Teaching Plan, and offer coaching across various sports, helping local talent reach national standards in squash, badminton, para-badminton and basketball.
Among its standout programmes is the highly successful Exercise Referral Scheme, which supports physically inactive individuals referred for medical conditions such as heart disease, stroke, diabetes, obesity, mental health challenges, and recovery from illness or injury. Guided by qualified instructors, participants receive personalised exercise plans and report significant improvements in both physical and mental wellbeing, with many continuing to exercise independently beyond the scheme.
Scholarships and Bursaries
The school endeavours to provide an education to those pupils who will best benefit from the style of teaching and the facilities that we have to offer. Inevitably not all parents of such pupils will possess the means to fund the school fees that we necessarily have to charge.
During the year, and in fulfilment of the objectives of the charity, the Governors made available to those families 182 Scholarships (2023-24: 167) and 61 means-tested Bursaries (2023-24: 64) which together total £1,981,000 (2023-24: £1,958,000).
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In addition to this direct assistance with fees, the school also subsidises ancillary expenses, such as school trips, where parents would otherwise experience financial hardship.
At present, a significant proportion of Scholarships and Bursaries are funded out of the current income. In order to mitigate this, the Governors set up a Foundation Office to encourage alumni, parents and friends of the school to endow both Scholarships and Bursaries. This initiative has led to the establishment of the Charter Awards Campaign; an ambitious initiative to develop an endowment which will fund 50 full bursaries in the school at any one time, in perpetuity.
ensure that the objective of wider access continues to be achieved.
In the financial year 202 ~~4~~ Gift Aid.
As a result of Charter Awards donations received since the start of the Campaign, the endowment has been increased from £3.95m to £6.66m and the school has achieved 90% of its Phase 1 target (£7m).
During this financial year, there has been nearly 400% increase in membership of the new 1541 Society regular giving club (annual value: £16,556). Six legacy gifts have been received, totalling £428,000.
This year, the Office ran several new Appeals. This included the Boat Club Fleet Appeal (raised: £50,500), and ,500). The Office also held its first Thirteen recent leavers or current pupils spoke to more than 550 Many of those contacted made generous donations to the Charter Awards.
(for current and former pupils, parents, and staff) and OKS Association (for alumni) continue to thrive. An optimised events and communication programme has seen unprecedented levels of five website has also continued to be a huge success. We were delighted to find out from our website provider that we were the fastest school to reach 1,000 users, and we are still going strong with well over 2,000 profiles created.
Looking forward to 2025-26
The school has continued to develop the detailed five-year strategic plan and the accompanying one-year operational plan and dashboard of key performance indicators to measure progress. The strategic plan has been published to all stakeholders and is available on the website.
In 2025-26, the focus will be on delivering the next phase of the plan, with particular attention to sustaining financial resilience, enhancing the quality of teaching and learning, and strengthening pastoral care. The school will continue to invest in its people and facilities, progress long-term estate and environmental initiatives, and advance its digital transformation programme. Further development of management information and reporting systems will support effective governance, transparency and evidence-based decision-making. The school remains committed to widening access, enriching the pupil experience and deepening its partnerships with the
Page 13 Registered Charity Number 307942
ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2025
FINANCIAL RESULTS
The year to 31 August 2025 resulted in net income before transfers and investment gains of £16k (2023-24: loss £1,189k).
963k (2023-24: £974k).
The financial policy is to ensure that these resources are used to provide a first class education and to create and improve the facilities available to pupils but also to enable these facilities to be shared with the The income is shown after providing academic scholarships and bursaries of £2,104k (2023-24: £2,110k). During the year over £1,057k was invested in buildings and equipment (2023-24: £4.6m).
The properties were revalued - revaluation is shown in the accounts below.
September 2025. The impact of this
school. It was set up in order to undertake
trading activities on behalf of the school, utilising School premises and facilities when not in use by the school. All of the profits of the company are paid over to the school under a deed of covenant.
The company made a profit before taxation of £37k (2023-24 £122k).
, Canterbury (International) Limited
, Canterbury (International) Limited is a subsidiary company of the school. It was set up in order to undertake trading activities on behalf of the school in relation to the overseas activities. All of the profits of the company are paid over to the school under a deed of covenant.
The company made a profit before taxation of £394k (2023-24: £397k), which was paid over to the school under the deed of covenant and, under the gift aid arrangement, is not subject to tax. The net assets of the company consequently remained at nil.
Cleary Blackfriars Trust
This is a registered subsidiary charity of the school whose principal objects are:
-
Canterbury, supporting their creative work and trips to visit places of outstanding artistic interest.
-
The maintenance of the Blackfriars building
-
The promotion of the Arts
in September 2025.
This subsidiary charity had net income (following payment of Scholarships and Awards) of £31k (2023-24: £82k) and net assets of £910k (2023-24: £879k).
The reserves of the charity are split between various funds and are described in more detail in notes 12a-d of the accounts:
1. Endowed Funds: These are funds where the capital element is considered to be permanent. The major part of these funds is the Foundation capital, which comprises the original endowment of land to the school and this forms the bulk of the freehold property. Other endowment funds comprise trusts set up to provide scholarships and bursaries, including the Charter Awards.
2. Restricted Funds: These are funds subject to specific trusts declared by their donors. The use of these funds is subject to the provisions set out in each trust.
Page 14 Registered Charity Number 307942
ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2025
3. Unrestricted Funds: These are funds expendable at the discretion of the Governors; £12,089k of these funds have been designated for the Bursary Fund. Bursaries are awarded annually.
Reserves Policy
The Governors are following policies intended:
-
to build up the reserves available to fund bursaries (the Bursary Fund) through fundraising and appeals and to seek further endowments for the funding of scholarships
-
to obtain a nominal gross yield of at least 2.5% on the investments and a nominal total return of RPI plus 4%
The ten-year cash flow forecast shows that, whilst the current financial position for the sector as a whole is challenging, all other liabilities and commitments are fully matched by available funds and the Governors are confident that the overall financial position remains a strong one.
Reserves and future capital funding requirements are monitored regularly by the Governors through the Finance and General Purposes Committee.
The assets and liabilities attributable to the various funds by type are shown in Note 12 to the Financial Statements, and Notes 12a-c
The school raises the majority of its income through the levying of termly tuition and boarding fees and hence it is not dependent (unlike many other charities) on irregular and uncertain sources of income. There is therefore less of a need to accumulate significant levels of freely available reserves to guard against periods of reduced income.
Investment powers
These are governed by the Trustee Act 2000. Strategic investment policy is set by the Governors in conjunction prescribed guidelines on a discretionary basis.
The investment objective of the investment portfolio is to produce long-term capital and income growth from a broadly diversified portfolio of equities, bonds, property, alternative assets and cash. The Trustees operate a Total Return Policy, enabling the charity to spend capital as well as income if required.
During the course of the year, the Investment Committee received quarterly reports from Sarasin & Partners and Climate Active Ex-Energy Endowment Fund. It was felt that this was the most appropriate and efficient way of meeting the investment objective with an exclusion of the energy sector better reflecting the -term objective is aligned with the objective, in so much as it seeks to achieve a total return (net of costs) of UK CPI + 4%.
As at 31st August 2025, the portfolio had a market value of £12.7m (2023-24: £12.5m). The total return on investments for the year to 31st August 2025, was +4.2.0% (net of costs) which was 2.0% ahead of the ARC (Asset Risk Consultants) Steady Growth Peer Group (net of costs) and a little behind the index-based benchmark of +10.8%.
The Governors remain confident that their investment policy is prudent, in keeping with their investment objectives and likely to produce attractive returns over the longer term.
Risk Management
At the governor level, risk management is designed to ensure robust oversight, clear accountability, and alignment with strategic objectives. The risk management cycle draws on input from specialist staff and committees to identify emerging risks. These are systematically assessed and consolidated into the risk register, enabling the prioritisation of significant risks.
Page 15 Registered Charity Number 307942
ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 AUGUST 2025
The Whole Schools Strategic Group (WSSG) regularly reviews the risk register, scrutinising existing controls and identifying emerging priorities. Governors play a key role in ensuring that risk management is fully embedded within strategic planning processes and that mitigation measures are both proportionate and effective.
Current priority risks and associated controls include:
-
Government policy changes impacting the affordability of school fees for parents. This necessitates detailed financial modelling and the identification of cost-saving opportunities.
-
Heavy reliance on fee income, which underscores the need to diversify revenue streams. This includes driving operational efficiencies and expanding commercial activities to generate alternative income sources.
-
An open site shared with the public, which introduces safety, security, and reputational risks. In response, enhanced access control measures have been implemented, alongside an improved visitor sign-in system, increased intelligence sharing, and regular security patrols.
Charity law requires the Governors to prepare financial statements for each financial year, which give a true and fair view of the affairs of the Charity and of its financial activities for that period. In preparing those financial statements the Governors are required to:
-
Select suitable accounting policies and then apply them consistently.
-
Make judgements and estimates that are reasonable and prudent.
-
Follow applicable accounting standards and the Charities SORP, disclosing and explaining any material departures in the financial statements.
-
Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The Governors are responsible for keeping accounting records, which are such as to disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with charity law. The Governors are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
Comte
Chair of the Governors
For and on behalf of the Governors
Canterbury November 2025
Page 16 Registered Charity Number 307942
Opinion
31 August 2025, 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:
-
31 August 2025 and of
-
the groups
-
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 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
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 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 trustees 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 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
Page 17 Registered Charity Number 307942
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.
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
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:
-
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.
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
Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free 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.
A further description of our responsibilities for the Audit of the Financial Statements is located on the Financial
Act 2011 and the regulations made under section 154 of that act. Our audit work has been undertaken so that vernors 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 work, for this Report, or for the opinions we have formed.
Extent to which the audit was considered capable of detecting irregularities, including fraud
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:
Page 18 Registered Charity Number 307942
-
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.
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 and 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 other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements 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 financial statements is located on the Financial our auditor's report.
Page 19 Registered Charity Number 307942
Use of our report
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than s report, or for the opinions we have formed.
Alliotts LLP ............................................................................ Chartered Accountants Statutory Auditor
3 London Square, Cross Lanes, Guildford, Surrey, GU1 1UJ
Alliotts LLP is eligible to act as Auditor in terms of section 1212 of the Companies Act 2006.
Page 20 Registered Charity Number 307942
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2025
All amounts above relate to continuing activities. The notes on pages 25 to 45 form part of these accounts
Page 21 Registered Charity Number 307942
SCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
All amounts above relate to continuing activities. The notes on pages 25 to 45 form part of these accounts
Page 22 Registered Charity Number 307942
SCHOOL AND CONSOLIDATED BALANCE SHEETS
AS AT 31 AUGUST 2025
Approved by the Governors and
Signed on their behalf by:
Comte
Chair of the Governors Canterbury November 2025
Page 23 Registered Charity Number 307942
CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025
Page 24 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
1 STATEMENT OF ACCOUNTING POLICIES
address: 25 The Precincts, Canterbury, Kent. CT1 2ES.
Basis of Accounts Preparation
These financial statements have been prepared in accordance with the Charities Act 2011, under the historical cost convention, except for the revaluation of investment assets and certain tangible fixed assets, as required by applicable accounting standards. The accounts comply with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), effective from 1 January 2019, and follow the Statement of Recommended Practice (SORP) on Accounting and Reporting by Charities.
The accounts consolidate the results of the school and its wholly owned subsidiaries ~~a~~ s well as the Cleary Blackfriars Trust (registered charity number 297249), which is subject to common control. Consolidation is performed on a line-by-line basis.
The school is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
Going Concern
The Governors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the school to continue as a going concern. The Governors make this assessment in respect of a period of one year from the date of approval of the financial statements. There are no material uncertainties about the ability to continue as a going concern.
Fees
Fees receivable and charges for services and use of premises are accounted for in the period in which the service is provided. Fees receivables are stated after deducting VAT, scholarships and other remissions granted by the school from its unrestricted funds but include contributions received from Restricted Funds for Scholarships, Bursaries and other grants.
Advance Fee income
The school offers parents the opportunity to pay school fees in advance in accordance with a written contract. The contract sets out agreed termly payments from the prepaid balance against school fees net of an agreed fixed termly discount. The amount received is held as an interest-bearing liability with the interest accruing to the Scheme. The advance fee is treated as deferred income until the pupil joins the school whereupon the agreed termly amount for each school term is charged against the remaining balance and taken to income. The school fee payer is liable for any difference between the agreed termly payment and the school fees for that term. Any excess accrued to the Scheme over and above the agreed total termly payments is treated as additional school income.
Grants and Bursaries
Grants and bursaries from restricted funds are included as expenditure in the period for which the award is given. Bursaries and allowances from unrestricted funds towards school fees at the schools are treated as a reduction in those fees.
Page 25 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
Donations
Donations receivable for the general purposes of the school distinguish them from direct school income. Donations for purposes restricted by the wishes of the donor are nors, except instead as Endowments permanent or expendable according to the nature of the restriction. All donations are recognised on receipt and bequests are recognised on execution of will.
Legacies
Legacies are accounted for when the economic benefit to the school is considered probable.
Trading Income
Trading income comprises revenue generated from activities undertaken primarily to raise funds in support of , uniform and goods sold through the school shop subsidiaries. All trading income is stated after deducting VAT.
Income is recognised in the period in which the goods or services are provided, and when the amount can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the charity or its subsidiaries. Where income is received in advance of the provision of goods or services, it is deferred and recognised in the period to which it relates.
charity under Gift Aid where applicable.
Resources expended
Expenditure is accounted for on an accruals basis. Overhead and other costs not directly attributable to particular functional activity categories are apportioned over the relevant categories on the basis of management estimates of the amount attributable to that activity in the year, either by reference to staff time or space occupied, as appropriate. The irrecoverable element of VAT is included within financing costs.
Governance costs comprise the costs of running the charity, including strategic planning for its future development, also internal and external audit, any legal advice for the School Governors, and all the costs of complying with constitutional and statutory requirements, such as the costs of Board and Committee meetings and of preparing statutory accounts and satisfying public accountability.
Pension Schemes
and advised to the Board by the Scheme Administrator. The scheme is a multi-employer pension scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the school.
In accordance with FRS102 the scheme is accounted for as a defined contribution scheme. The Charity also contributes to a defined contribution scheme, with funds held externally, for teaching and non-teaching staff who become eligible on completion of their probation to join the scheme.
Operating leases
Rentals payable are charged in the SOFA on a straight line basis over the lease term.
Page 26 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
School land and buildings and equipment.
- a. Freehold and leasehold property These properties were valued in August 2021 by independent Valuers, ETP Property (School buildings) and (residential properties). Annual desk-based properties).
In accordance with FRS102, the Governors have and will continue to carry out annual review for impairment
-
b. Capitalisation of property improvements and additions Only the costs of constructing new buildings are capitalised. The costs of improvements, maintenance and in converting existing buildings for other uses are written-off to the Statement of Financial Activities in the year in which they are incurred.
-
c. Capitalisation of furniture and equipment All additions are capitalised in the year in which the expenditure was incurred, subject to a de minimus level of £5,000.
Depreciation
Depreciation is provided on fixed assets so as to write-off their cost or valuation less any residual value by equal instalments over their expected useful lives. Depreciation is charged from the term following the period in which the expenditure was incurred. No depreciation is provided in any period prior to that in which the asset was first brought into use by the School.
-
a. Freehold property the exceptions detailed below, as their expected useful lives are in excess of 50 years and the amounts of depreciation and accumulated depreciation calculated thereon deemed to be neither material nor significant. The following are exception to this: The Malthouse and International College Site, JKS Assets still under construction are
-
not depreciated.
-
b. Depreciated freehold property - the amounts of depreciation calculated on the exceptions above are significant and accordingly they have been depreciated over their expected useful lives of between 10 and 50 years.
-
c. Leasehold property these are amortised over the period of their individual leases.
-
d. Furniture and equipment depreciation is provided based on their cost and useful lives ranging between 3 and 20 years on a straight line basis.
-
e. Motor vehicles depreciation is provided based upon their cost and expected useful lives of four years on a straight line basis.
Revaluation
The freehold, long leasehold and short leasehold properties which are used for general school use have been valued on the basis of Fair Value (FV) in accordance with FRS102. The school sports facilities, Malthouse and International College Site and buildings under construction have been valued on the basis of Depreciated Replacement Cost (DRC) whereas the residential properties and freehold investment land has been valued on the basis of Market Value (MV).
Creditors
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement
Page 27 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
can be estimated reliably. Liabilities are recognised at the amount that the school anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods of services it must provide.
Connected charities
- a. The Norah Elizabeth Jervis Will Trust This trust is listed by the Charity Commission as a subsidiary as a subsidiary charity as it would appear that the original settlor intended that the Trust remain separate from the school and accordingly appointed a trustee independent of the School, HSBC. During the 2024/25 financial year management of the Jervis Trust transferred to Ludlow Trust.
Consequently, the activities of the Trust have not been incorporated into these financial statements. During the year the Trust received investment income of £2k (2023-24: £5k) and leased property to the school on a commercial basis for £84k per annum. The Trust asset portfolio totalled £1.65m as at 31[st] August 2025, (2023-24: £1.65 million).
The school receives facilities from the Trust donated at market value.
Subsequent Event: On 12[th] September 2025 the school was advised by the Ludlow Trust that the Trustees had obtained Charity Commission approval to close the Trust and confirmed the School as the sole income beneficiary. Unrestricted Donation Income of £209k was subsequently received in 25/26.
- b. The Calvin & Rose Hoffman Marlowe Memorial Trust This is a separately registered charity (number 289971) but is connected to the school by virtue of common control and administration. However, the results of the Trust have not been consolidated into these financial statements as the School Governors consider that the objects of the Trust are too dissimilar to those of the school such that the results would be meaningless.
The full accounts of the Trust are available from the Bursar of the School. In summary, the Trust had net income of £37k (2023-24: £37k) and net movement in funds of £30k (2023-24: £120k) and net assets of £1,265k (2023-24: £1,236k).
Investments
Investments are included at closing mid-market value at the Balance Sheet date. Any gain or loss on revaluation is taken to the SOFA. Investment income is accounted for in the period in which the charity is entitled to receipt. Investment management costs are accounted for as incidental costs of the acquisition or disposal where transaction based, while investment income management costs are charged as expenditure out of the relevant income funds.
Stock
Stock is valued at the lower of cost and net realisable value.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Page 28 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
Critical Accounting Estimates and Areas of Judgement
The school investment portfolio is managed externally and valued at Market Rate.
Depreciation is charged over the useful life of the asset. Fixed assets are revalued every 5 years by external valuators.
In determining the appropriate level of bad debt provision, management has reflected on the changing profile of fee payments since the introduction of VAT in January 2025, and the implementation of the new Parent finance portal in April 2025. A provision of 100% has been made against Autumn 2024 fee debt due to the age of the balances and lack of recovery to date. In contrast, only 25% of Lent 2025 fee debt has been provided for, reflecting its more recent nature and a higher likelihood of collection based on prior trends and engagement activity.
2 SCHOOL FEES
£24k (2023-24 £25k).
Total educational awards were made to 247 individuals (2023-24: 232).
Page 29 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
3
Enterprises to the School are excluded from the consolidated results. At year end £538k was owed to the school (2023-24: £587k).
The Charity owns the whole of The , Canterbury (International) Ltd, this company recognises schools in Shenzhen and Cambodia. It covenants its taxable profits to the school. At year end £533k was owed to the school (2023-24: £616k).
Page 30 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
The Cleary Blackfriars Trust is considered to be a subsidiary of the charity by virtue of voting control, similar objects and common management. At year end £306k was owed by the school to the Trust (2023-24: £280k).
4 OTHER INCOME
| Charitable activities - Other income Entrance and registration fees Deposits & fees forfeited Pupil Social Centre Sports Centre Other ancillary activities Insurance commissions and payment surcharges Lettings, property rentals and other income King's Week income Profit/(Loss) re Sale of Asset Other incoming resources Covenanted income from subsidiary company Voluntary sources Donations Legacy |
2025 2024 £'000 £'000 143 172 913 507 79 84 1,736 1,631 2,871 2,394 8 492 184 46 39 538 231 714 384 249 590 963 974 Consolidated |
2025 2024 £'000 £'000 143 172 913 507 79 84 1,736 1,631 2,871 2,394 8 474 184 46 39 520 231 430 519 430 519 714 384 249 590 963 974 School |
2025 2024 £'000 £'000 143 172 913 507 79 84 1,736 1,631 2,871 2,394 8 474 184 46 39 520 231 430 519 430 519 714 384 249 590 963 974 School |
|---|---|---|---|
| 231 | |||
| 519 519 384 590 |
|||
| 974 | |||
Page 31 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
5 EXPENDITURE
Key management personnel are made up of the Officers and other leadership roles within the School.
Termination and redundancy payments relate to benefits payable as a result of either:
It does not include payment in lieu of notice.
The average number of School employees during the year was 522 full-time and 386 part-time with a further 388 zero hours, (2023-24: 461 full-time and 505 part-time/zero hours) of which 161 full-time and 55 part-time (202424: 153 full-time and 47 part-time) were teaching staff.
Neither the Governors nor persons connected with them received any remuneration or other benefits from the school or any connected organisation. Governors reclaimed £4,848 in travel expenses (2023-24: £2,872) during the year. During the year donations totaling £6,275 were received from Governors.
The school in the course of its ordinary activities, conducted business with the Dean and Chapter of Canterbury Cathedral (in respect of rental and insurance) totaling £471k (2023-24: £491k). The school also shares the cost of security guards jointly with the Dean and Chapter for which the school contributed £203k (2023-24: £199k). In addition first aid course income of £1,320 was also received from the Dean and Chapter during the year. The Dean and four residentiary canons who make up the corporation known as the Dean and Chapter are all ex officio members of the Governing body.
Page 32 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
6 ANALYSIS OF TOTAL RESOURCES EXPENDED
| Staff | Total £'000 22,727 7,986 10,596 7,140 |
|||
|---|---|---|---|---|
| costs £'000 (b) Charitable activities Teaching costs 19,832 Welfare 4,903 Premises 4,569 Support costs 4,107 School's operating costs 33,411 Grants, awards & prizes 33,411 Governance Costs Total for Charity 2025 33,411 Subsidiary expenditure Total for Group 2025 33,411 Total for Charity 2024 31,540 Total for Group 2024 31,540 |
Other Costs £'000 2,436 2,746 6,427 3,019 |
Depreciation £'000 459 337 (400) 14 410 410 410 410 1,425 1,425 |
||
| 14,628 3 |
48,449 3 |
|||
| 14,631 | 48,452 0 |
|||
| 14,631 36 |
48,452 36 |
|||
| 14,667 | 48,488 | |||
| 14,436 | 47,401 | |||
| 14,424 | 47,389 | |||
Page 33 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
7 TANGIBLE FIXED ASSETS
All of the fixed assets are used for the direct charitable purposes of the School, shown within the Charity total. A full revaluation of all properties was carried out in August 2021 by ETP Properties and Finns, in line with the 5 year cycle.
An annual, desk-based review of assets is carried out and this was completed in September 2025
Due to the age of our buildings the cost model is not a useful comparison.
Page 34 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
8 INVESTMENTS
The investment property relates to land in Sturry that the school have owned for some years. In September 2021 planning permission was received for a relief road that will allow a sizable housing development to be built on the land. As at 31 August 2025 it was considered appropriate to continue to hold the land at the carrying value of £1.29m but it is expected that this value will increase materially. For this reason the land is shown as a current asset within the Balance Sheet.
Page 35 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
The school holds financial investments in a common investment fund, comprising a diversified portfolio of listed equity and fixed-interest securities. It also holds Government stocks, which are retained until their redemption dates. These investments are managed to generate income and capital growth in support of the
Canterbury (International) Limited, representing a controlling interest. This investment is held at cost and is not part of the financial investment portfolio
10a CREDITORS due within one year
| Trade creditors Due to subsidiary undertakings Other creditors Tax & Social Security costs Deposits Accruals Fees received in advance Advance fees (note 11) 10b CREDITORS due after one year Other Loan Deposits Advance fees (note 11) |
2025 2024 £'000 £'000 488 497 1,200 1,645 1,102 643 6,199 6,260 1,754 1,390 7,934 7,759 18,677 18,194 2,228 3,300 20,905 21,494 2025 2024 £'000 £'000 40,000 40,000 9,597 9,957 2,123 3,859 51,720 53,816 Consolidated Consolidated |
2025 2024 £'000 £'000 390 495 1,937 282 1,119 1,581 1,092 601 6,199 6,260 1,655 1,376 7,934 7,759 20,326 18,354 2,228 3,300 22,554 21,654 2025 2024 £'000 £'000 40,000 40,000 9,597 9,957 2,123 3,859 51,720 53,816 School School |
2025 2024 £'000 £'000 390 495 1,937 282 1,119 1,581 1,092 601 6,199 6,260 1,655 1,376 7,934 7,759 20,326 18,354 2,228 3,300 22,554 21,654 2025 2024 £'000 £'000 40,000 40,000 9,597 9,957 2,123 3,859 51,720 53,816 School School |
|---|---|---|---|
| 53,816 |
Page 36 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
An unsecured Private Placement of £40m was obtained in July 2016. The interest of 3.5% has been fixed for the period of the contract. The agreement is in three tranches:
-
£10m 30 year final
-
£20m 35 year bullet
-
£10m 34 year final
A Revolving Credit Facility of £5m was renewed in September 2023, for a period of 3 years. The interest of 3.2% was fixed for the period of the contract. This facility was not used during 2024/25.
Two annually tested covenants for both of the above facilities are as follows:
-
Net Debt not to exceed 75% of Consolidated Total Assets
-
Ratio of EBITDA to Net Interest at year end not to be less than 1.50:1.00
11 ADVANCE FEE PAYMENTS
advance. The money may be returned subject to specific conditions following a due notice period. Assuming pupils will remain in the School, advance fees will be applied as follows:
The balance represents the accrued liability under the contracts. The movements during the year were:
Page 37 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
12 NET ASSETS OF THE FUNDS OF THE SCHOOL AND GROUP
The net assets belong to the various funds (including Advance Fees) as follows:
| Consolidated Endowment funds Restricted funds Unrestricted funds Advance fees School Endowment funds Restricted funds Unrestricted funds Advance fees |
Fixed Assets £ '000 24,510 250 118,018 142,778 142,778 Fixed Assets £ '000 24,510 118,018 142,528 142,528 |
Investments £ '000 8,204 359 3,132 11,695 11,695 Investments £ '000 8,204 3,132 11,336 11,336 |
Net current liabilities £ '000 2,466 3,542 (19,489) (13,481) 2,123 (11,358) Net current liabilities £ '000 2,466 3,241 (19,494) (13,787) 2,123 (11,664) |
Long-term liabilities £ '000 (49,596) (49,596) (2,123) (51,719) Long-term liabilities £ '000 (49,596) (49,596) (2,123) (51,719) |
Total £'000 35,180 4,151 52,065 91,396 91,396 Total £'000 35,180 3,241 52,060 |
|---|---|---|---|---|---|
| 90,481 | |||||
| 90,481 | |||||
As there are a number of funds in the subsidiary notes to note 12, some rounding variances can be seen if manually calculating totals.
12a ENDOWED FUNDS: MOVEMENTS IN THE YEAR
| Permanent endowments: Foundation capital Revaluation Reserve Other special trusts: J Corner Edmondson Noakes Scholarship, Exhibitions & Prize Fund Leonore Pleuger Bursary Fund Heyman Chafy Scholarship Foundation Endowment Charter Awards Goodes Bursary Fund T&J Venner Bursary Fund |
Balance 1 Sept 2024 £'000 5,806 18,704 891 270 2,249 123 13 124 3,109 247 623 2,217 34,376 |
Incoming resources £'000 1 148 325 200 674 |
Resources expended £'000 |
Investment gains/(losses) revaluations £'000 14 4 36 2 2 30 10 32 130 |
Transfers £'000 |
Balance 31 Aug 2025 £'000 5,806 18,704 905 274 2,285 125 14 126 3,287 572 633 2,449 |
|---|---|---|---|---|---|---|
| 35,180 |
Page 38 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
The Foundation Capital represents the original endowment of land forming the bulk of the freehold property.
The special trusts were set up by individuals and restricted to providing funds for scholarships and bursaries; the
and are allocated a proportion of investment income, gains or losses.
The gift from Esme Chafy provides income that funds the Chafy Scholarship. The Venner endowment was provided "be used to encourage pupils to study subjects leading to careers in engineering and science".
12b RESTRICTED FUNDS: MOVEMENTS IN THE YEAR
The Scholarship, Exhibition and Prize Fund represent accumulated income to be used for scholarships, bursaries and prizes, as do the J Corner, Edmondson Noakes and Leonore Pleuger Bursary Funds.
The transfer to The Cleary Blackfriars Trust represents rental income payable to the Trust by the School, which for the purposes of the consolidated accounts is treated as a transfer.
Ecce Quam Bonum Fund was established from a legacy left by a former member of staff with the wish for the
Page 39 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
12c UNRESTRICTED FUNDS: MOVEMENTS IN THE YEAR
The School Scholarship & Bursary Fund represents amounts set aside for the funding of bursary awards in the future. It is separately designated within the general pool of investments.
The General Fund is retained to cover fixed assets and to provide working capital. It is also being built up to underpin the capital development programme.
12d TRANSFERS
Page 40 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
School and consolidated transfers
£394k Canterbury (International) Ltd, to the Charity. This was a gift aid donation. (2023-24: £396k)
£37k This was a gift aid donation. (2023-24: £122k)
Transfers relating only to the consolidated accounts
There were no transfers relating only to the consolidated accounts.
13 CONTRACTS AND COMMITMENTS
Authorised and contracted commitments equaled £nil (2023-24: £nil).
14 PENSION SCHEMES
The employees can belong to one of a number of pension schemes.
The school
for the year includes contributions payable to the TPS of £2,587k (2023-24: £3,212k) and at the year-end £214k (2023-24- £285k) was accrued in respect of contributions to this scheme.
The TPS is an unfunded multiScheme Regulations 2014.
and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.
The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every 4 years. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report, which was published in October 2023, confirmed that the employer contribution rate for the TPS would increase from 23.6% to 28.6% from 1 April 2024. Employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 28.68%.
Page 41 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
Following the McCloud judgement, the remedy proposed that when benefits become payable, eligible members can select to receive them from either the reformed or legacy schemes for the period 1 April 2015 to 31 March 2022. The actuaries have assumed that members are likely to choose the option that provides them with the members.
Royal London DC Pension Scheme
This is a defined contributions pension plan offered to Academic staff from 1st September 2023, as an alternative investment option to TPS. Academics can choose to be contractually enrolled in Royal London from day 1 employment.
Support staff that meet automatic enrolment criteria from 1st February 2024 will be auto-enrolled into this scheme.
Relief at Source Option
Contributions are built up through employee and employer contributions, and tax relief from the Government.
Relief at Source Option is automatically applied to Academic and Support employees where FTE salary is less than £24k pa. This is to allow for the protection of the minimum wage.
Salary Exchange Option
Agreement is made between employee and the school to allow the employee to exchange part of their gross salary for a pension contribution. This provides the employee the opportunity to save on statutory deductions such as Tax and NI.
The school has agreed in addition to reinvest Employer NI savings (15%) on the value of the employee salary exchange figure, back to employee pension pot from 01/04/2024.
Salary Exchange Option is automatically applied to Academic and Support employees where FTE Salary is more than £24k pa.
Contributions
Academic employees - 7.5% employee applied; 22% employer applied
Support employees - 7.5% employee applied; 10% employer applied.
Both employees have the right to increase their own contributions. Both employees have the option to decrease contributions down to the minimum % set by the government, however, employer contributions are reduced inline with employee decrease.
meeting auto-enrolment criteria.)
There was £369k accrued to the scheme as at 31 August 2025 and this was duly paid over.
SIPP Scheme
This is a self-invested personal pension plan (SIPP). A tax efficient investment 'wrapper' used to build a pension pot of money. Working in a similar way to a company pension except it is organised by the employee not the school.
Available only to Academic employees.
Page 42 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
Salary Exchange Option
Agreement is made between employee and the school to allow the employee to exchange part of their gross salary for a pension contribution. This provides the employee the opportunity to save on statutory deductions such as Tax and NI.
The school has agreed in addition to reinvest Employer NI savings (15%) on the value of the employee salary exchange figure, back to employee pension pot.
Academic employees - 7.5% employee applied; 22% employer applied
Academic employees have the right to increase their own contributions. They also have the option to decrease contributions down to the minimum % set by the government, however, employee contributions are reduced in line with employee decrease.
There was £10k accrued to the scheme as at 31 August 2025 and this was duly paid over.
15 RECONCILIATION OF GROUP NET INCOME
NET CASH INFLOW FROM GROUP OPERATIONS
16 ANALYSIS OF CHANGES IN NET CASH RESOURCES AND DEBT OF THE GROUP
| Cash in hand and at bank Other Loan Net cash outflow from group operations Advance fees due within one year Advance fees after more than one year |
11 11 |
As at 31st August 2024 £ '000 8,342 (40,000) (31,658) (3,300) (3,859) (38,817) |
Cash flow £ '000 (4,595) (4,595) 1,072 1,736 (1,787) |
As at 31st August 2025 £ '000 3,747 (40,000) |
|---|---|---|---|---|
| (36,253) (2,228) (2,123) |
||||
| (40,604) | ||||
Page 43 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
17 Prior Year Consolidated SOFA
Notes Income and endowments from: Charitable activities School fees receivable 2(a) Other educational income 4 Ancillary trading income 4 Other trading activities Activities for generating funds: Trading Companies 3 Investments Investment Income 8c Bank and other interest 8c Voluntary sources Grants and donations 4 Total Income Expenditure on: Raising funds Trading Companies 3 Expenditure on raising funds Financing Costs Total deductible costs 6a Net income Available for charitable application Total charitable expenditure 6b Total Expenditure Net incoming funds from operations before transfers and investment gains Gains/(Losses) on Investments 8a Transfers between funds 12d Net income and capital Inflow Revaluation of tangible fixed assets 7 NET MOVEMENT IN FUNDS FOR YEAR Fund balances at 1 September 2023 FUND BALANCES AT 31 AUGUST 2024 12 |
Unrestricted Funds Restricted Endowed Total School Other Funds Funds Funds 2024 £'000 £'000 £'000 £'000 £'000 43,914 - (59) - 43,855 2,394 - - - 2,394 231 - - - 231 - 1,887 - - 1,887 - 74 207 - 281 227 - 16 - 243 90 - 46 838 974 46,856 1,961 210 838 49,865 - 1,368 - - 1,368 324 - 16 - 340 1,863 - - - 1,863 2,187 1,368 16 - 3,571 44,669 593 194 838 46,294 47,380 - 61 - 47,441 49,567 1,368 77 - 51,012 (2,711) 593 133 838 (1,147) 324 - 38 859 1,221 501 (519) 1,502 (1,484) 0 1,673 213 74 - - 4,121 1,673 213 4,195 2,100 34,163 85,414 3,773 34,376 89,609 51,460 49,151 (1,812) 2,309 4,121 |
Total Funds 2023 £'000 42,537 2,044 278 1,456 280 341 2,322 |
|---|---|---|
| 49,258 | ||
| 1,095 320 1,720 |
||
| 3,135 | ||
| 46,123 44,876 48,011 1,247 (137) - 1,110 362 1,472 83,942 |
||
| 85,414 | ||
Page 44 Registered Charity Number 307942
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
18 Prior Year School SOFA
Notes Income and endowments from: Charitable activities School fees receivable 2(a) Other educational income 4 Ancillary trading income 4 Other trading activities Activities for generating funds: Trading Companies 3 Investments Investment Income 8c Bank and other interest 8c Voluntary sources Donations and legacy 4 Total Income Expenditure on: Raising funds Expenditure on raising funds Financing Costs Total deductible costs 6a Net income Available for charitable application Total charitable expenditure 6b Total Expenditure Net income from operations before transfers and investment gains Net Gains/(Losses) on Investments 8b Transfers between funds 12d Net income and capital Inflow |
Unrestricted Funds Restricted Endowed Total School Other Funds Funds Funds 2024 £'000 £'000 £'000 £'000 £'000 43,914 - (67) - 43,847 2,394 - - - 2,394 231 - - - 231 - 518 - - 518 - 74 198 - 272 227 - - - 227 90 - 46 838 974 46,856 592 177 838 48,463 324 - 15 - 339 1,863 - - - 1,863 2,187 - 15 - 2,202 44,669 592 162 838 46,261 47,395 - 55 - 47,450 49,582 - 70 - 49,652 (2,726) 592 107 838 (1,189) 324 - - 859 1,183 - 0 1,484 (1,484) - 1,591 213 (6) (1,810) |
Total Funds 2023 £'000 42,541 2,044 278 361 272 330 2,322 |
|---|---|---|
| 48,147 | ||
| 321 1,720 2,041 46,106 44,898 46,939 1,208 (133) - 1,075 |
||
| Revaluation of tangible fixed assets 7 |
- 0 4,121 4,121 |
357 |
| NET MOVEMENT IN FUNDS Fund balances at 1 September 2023 FUND BALANCES AT 31 AUGUST 2024 12 |
1,591 213 4,115 1,303 34,163 84,604 2,894 34,376 88,719 2,311 49,138 51,449 |
1,432 83,172 |
| 84,604 | ||
Page 45 Registered Charity Number 307942
LEGAL STRUCTURE AND GOVERNANCE ARRANGEMENTS
Legal Structure and Governance Arrangements
Legal Definition:
Financial Statements and accounts it is refe Annual Report.
subsequent to his mission of 597 A.D., was re-founded by Henry VIII in 1541 A.D. As well as being regulated by the Charities Act (Registered Charity, number 307942), it is incorporated by Royal Charter dated 8[th] July 1946 and amended by a Supplemental Royal Charter dated 4[th] February 1992.
School, (which includes the International College) and - -Prep School. Together, they provide a co-educational boarding and day education for children and young people from 3-18 years and this is the principal activity of the Charity.
Corporate Governance
-Committees (outlined
below). These Sub-Committees comprise at least two nominated Governors with School Officers in attendance, as appropriate. This ensures that strategic planning/key areas of Governance and matters arising from meetings find prompt consideration. The Sub-Committees which met as required during the year are as follows:
Finance & General Purposes Committee this Committee met five times this year and is responsible for reviewing and monitoring strategic financial policy and information. It also recommends any appropriate action to the full board of Governors.
Investment Committee this Committee is set up to receive quarterly and additional ad hoc reports from the Investment Policy, which develops with time. The Committee was incorporated within the F&GPC committee during the year.
Audit Committee this Committee holds regular meetings with the external auditors, considers the reports of the external auditors, examines the appropriateness of accounting policies and monitors the internal financial controls. The Committee met twice during the year.
Governance and Nominations Committee this Committee recommends candidates for nomination as new Governors, taking into consideration the skills and experience required of the Governing Body as a whole, as well as reviewing, training, sub-committee membership and remuneration of senior staff. It met three times during the year. Risk Management Committee this Committee met once: it ensures that regular risk assessment reviews of the operation are undertaken and considers the results, determining whether any corrective action is required.
Pastoral and Safeguarding Committee this Committee met once during the year to discuss best practice in the field of pastoral care and safeguarding, to ensure it was embedded within the central aims of the management of the schools.
Page 46 Registered Charity Number 307942
LEGAL STRUCTURE AND GOVERNANCE ARRANGEMENTS
Estates Committee this Committee met three times this year and is a sub-committee of the Finance and General Purposes Committee. Its remit is to focus on five main areas of operation, namely strategic,
Education Committee this Committee, which met three times during the year, was established as a forum for discussion of educational policy between senior staff and Governors, providing any additional support and guidance useful for the schools. The Head ensures that the academic management of the schools is reflected in the cho
from across the schools are invited in turn to present to the Committee.
International Committee this Committee met four times this year and had been set up to explore and other international opportunities.
The Dean and Residentiary Canons of Canterbury form part of the Governing Body; others are nominated by the Dean and Chapter, the President of Trinity College, Oxford, and the Master of Corpus Christi College, Cambridge. The Governance and Nominations Committee which meets regularly identifies the professional and personal skills needed to complete the full set of professional aptitudes needed for effective Governance. After consideration of qualifications and experience, as well as consultation with the senior staff, if the Governance and Nominations Committee are in agreement, any nominations are considered for election at the next termly meeting of the full Governing Body.
The Bursar, as Clerk of Governors, furnishes new Governors with all relevant briefing documents and background materials. He also sets up frequent training opportunities and regularly sends out details of AGBIS Conferences, seminars and training days. In addition, the Governors undertake child protection training sessions on an annual basis.
Each September/October, as the school embarks on a new academic cycle, the Governors meet with the Head, the Head of the Junior School, the Bursar and other appropriate School Officers to review the strategic direction and educational progress of the school, as well as considering the prioritisation of major projects.
Organisational Management
Governors, other than those who hold office ex-officio, are appointed for a term of 5 years. This may be renewed for a further term of 5 years; in exceptional circumstances, this may be extended further on the recommendation of the Governance and Nominations Committee. The Governors set the overall policy for the running of the school in consultation with the Head. The Head oversees the educational running and development of the school in consultation with the Head of the Junior School (as regards Junior School and Pre-Prep School matters), the Senior Deputy Head, the Deputy Head Academic, the Deputy Head Pastoral, the Deputy Head CoCurricular and the Bursar. The Bursar is responsible to the Governors for the financial and non-academic administration of the school, in consultation with the Head.
The Governance and Nominations Committee oversees the remuneration of senior staff, with the policy objective of providing appropriate incentives to encourage enhanced performance and of rewarding them fairly and responsibly for their individual contributions to the success. The appropriateness of the remuneration policy is reviewed annually, including reference to comparisons through anonymous third party e to the broader issues of salary and employment conditions elsewhere.
Page 47 Registered Charity Number 307942
LEGAL STRUCTURE AND GOVERNANCE ARRANGEMENTS
Group Structure and Relationships
The school has two wholly owned nonSchool, Canterbury (International) Ltd., the aim of which is to support the educational and charitable purposes
The school support and organisation of events by t
Governors
Officers of the School
Dean of Canterbury (ex officio) Residentiary Canons of Canterbury Cathedral (Exofficio)
The Very Reverend Dr DRM Monteith BSc BTh MA LLD The Reverend Canon Dr T Naish MA PhD (Resigned 31/03/25)
The Reverend Canon Dr E Pennington BA MA DPhil The Reverend Canon AP Dodd BEng BTh The Venerable Dr WJ Adam
Head
Ms J Lowson
Bursar and Clerk to the Governors Mr M R Taylor FRSA
Senior Deputy Head Mr A Patton
Appointed by the Dean & Canons of Canterbury Cathedral
Mr A Stewart (OKS) (Resigned 31/08/25) Mr R Moulsdale
Deputy Head (Academic) Mr M Key
Deputy Head (Pastoral)
Miss T Lee BA
Nominated by Trinity College, Oxford
Vacant
Deputy Head (Co-Curricular) Mr G A Hunter BEng
Nominated by Corpus Christi College, Cambridge
Dr M L Sutherland BSc MSc PhD (Vice-Chair)
Mr M Brotherton
Co-opted
Mr M W S Bax (OKS) FRICS (Resigned 31/08/25) Dame F J Judd (OKS) Comte B Chair) Mr O O Kolade B.Eng MBA HonLLD CBE (Resigned 31/08/25) Mrs C Cowburn Baker Mrs A Culley Ms F Kennedy MA Oxon Sir N Lyons (Appointed 01/09/24) Mr J Mayne (Appointed 01/09/25) Mr TS Montgomery (Appointed 01/09/25) Mr JA Davies-Warner (Appointed 01/09/25) Ms SC Leadbeater (Appointed 01/09/25)
Address of the School
25 The Precincts Canterbury Kent CT1 2ES
Page 48 Registered Charity Number 307942
LEGAL STRUCTURE AND GOVERNANCE ARRANGEMENTS
-Committees
Finance & General Purposes Committee
Comte B (Interim Chair of this SubCommittee) The Reverend Canon A P Dodd BEng BTh Mrs A Culley Mr J Mayne (Appointed 01/09/25) Mr TS Montgomery (Appointed 01/09/25) Mr R Moulsdale
Audit & Risk Committee
The Reverend Canon A P Dodd BEng BTh (Chair of this Sub-Committee) Comte B Mrs C Cowburn Baker Dr M L Sutherland BSc MSc PhD
Education Committee
Dr M L Sutherland BSc MSc PhD (Chairman of this SubCommittee) The Reverend Canon Dr E Pennington BA MA DPhil Mr JA Davies-Warner (Appointed 01/09/25)
Estates Committee Comte B Mrs A Culley Mr R Moulsdale (Chair of this Sub-Committee) The Reverend Canon A P Dodd BEng BTh
Governance and Nominations Committee Comte B (Chair of this Sub Committee) The Venerable Dr W Adam Dame F J Judd (OKS) Dr M L Sutherland BSc MSc PhD Sir N Lyons (Appointed 01/09/24)
International Committee Dr M L Sutherland BSc MSc PhD (Chair of this SubCommittee) Mrs C Cowburn Baker Sir N Lyons (Appointed 01/09/24) The Very Reverend Dr DRM Monteith BSc BTh MA LLD
Pastoral and Safeguarding Committee The Venerable Dr W Adam (Chair of this SubCommittee) Dame F J Judd (OKS) (Safeguarding Governor) Mr R Moulsdale
Professional Advisers to the School
Bankers
Barclays Plc London Corporate Banking 1 Churchill Place London E14 5HP
Investment Managers
Sarasin & Partners LLP
London EC4M 8BU
Auditors
Alliotts LLP 3 London Square Cross Lanes Guildford Surrey GU1 1UJ
Solicitors
Boys and Maughan 57 Queen Street Ramsgate Kent CT11 9EJ
Veale Wasbrough Vizards Narrow Quay House Narrow Quay Bristol BS1 4QA
Torque Law LLP 2 Maple House Northminster Business Park Upper Poppleton York YO26 6QW
Farrer & Co London WC2A 3LH
Page 49 Registered Charity Number 307942