2022-07-31-accounts

THE CORPORATION OF KING'S COLLEGE SCHOOL A Registered Educational Charity REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Charity No: 310024

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Contents Pasé Governors, ofticers and advi50r5 Report of the Governing Body ReporE of the Auditors 24 Con501idated Staternenr of Financial Acvvitie5 27 Balance Sheets 28 Consolidated C35h Flow Statement 29 Accounting Policies 30 Noies to the Financial Statements 34

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 GOVERNORS The Governors of the schpol, all olwhom Served during the year, are a5 follows.. Lord Dei%hton KBE (chairl Mrs S.A. Bennet£ BA (special inrere5f: 5afe2uardingl Mr O.L. Carlstrand Bsc CEng MICE {retired November 2021} Mr C.G. Hale MA LLM Mrs S.A.B. Hobb5 BA PGCE (special intere5t= Saleguarding) Mr D.G. Ingrim MA (special interests.. Health & Safety and premi5e5. Outreach & Bursarle5J Sir R.M. liy BA nr (chair ol App•ali. Di<ciplinary 2nd Complaints Committee) Mrs JA ￿rEz￿dèh BA PGCE {appointed December 20211 Ispeeial interest.. P￿tnerShIps) Prol D.A. Lievesley Cstat ACSS CBE Mr l.A, Macmillan BS£ ACA MUA13pe¢lal interests.. Sports and Games, SUPPQrt sraffj Mrs A. Ng Bsc FCA (special interest.. senior school. from December 2021) C Okelo Bsc MD {resigned july 20221 Mi T Oki BA (dypvlii￿￿ D¥ieiiibEr 20211 Mr R.1. Parker MA special interest.. Friends of KCS) Mr IA Prager BA (appointed December 2021) MsJ.L. Robinson BA P￿CE M.Ed Mrs I-G. Sarpong Bsc MBA Ispecial interest.. Equality, Diversity and Inclusion, GDPR} Mr M.D.J- Sharp BA ISpeciJl interesL Perfomiing Arts) Ffjr G.C. Slimmon MA MBA (vice chair; chair of KCS Enterprises) Mr AM Stockil BA MBA (appointed December 20211 Mr P.J.L. Straftord BA MBA Members of che Finance and Nanning Committee: Mr G.C. Slin7mon MA MBA {chairl Lord Deighton KBE Mr DG Ingrxm MA ljrJinp.d MArrh 20??) Mr IA M3cmillan Bsc ACA MBA Mrs A Ng Bsc FCA Mr R.J. Parker MA Members of Ihe Governors. Appointments Committee.. Mrs J.G. Sarpong Bsc MBA Ichairl Mr P.l.L. Strafford BA MBA Lord Deigli¢oii KBE Mr D.G. Ingram MA Prof D.A. Lievesely C5¢ac Ac5S CBE Mr G.C. Slitnmon MA MBA Members of the Education Committee.. Ms l.L. Robinson BA PGCE M.Ed Ichairl Mrs S.A.B. Hobbs BA PGCE Mr IA Prager ljgined committee May 20221 Mr M.D.I Sharp BA Members of the Sateguarding CofflmTrttee Mrs S.A. BÈnnÈtt BA Ich3ir} Mr C.G. Hale NA LLM Mrs S.A.B. Hobbs BA PGCE Mr D.G. In8ram MA C Okelo Bsc MD resigned I￿lY 20221 Mrs J.G. Sarpong BSC MBA ljolned lune 2022)

THE CORPORATlON OF KING'S COLLEGE SCHOOL

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022

Members of the Equality Diversity and lnclusivity Committee

Mrs JG Sarpong (chair} MrT Oki Mr JA Prager Ms J Robinson

Members of the Estate Projects Implementation Committee:

Mr D.G. Ingram MA (chair) Governor Board Members of KCS Enterprises Limited:

Mr G.C. Slimmon MA MBA (chair) Mr ft]. Parker MA

Governor Board Members of King's College School Wimbledon (International) Limited:

Mr C.G. Hale MA LLM Mr P.J.L. Strafford BA MBA Mr AM Stocki! BA MBA (joined June 2022)

OFFICERS

Acting Head Headmaster of lhe Junior School

Bursar/Secretary to the Governors

Address:

Ms Jude Lowson MA Mr EH Laugher BA (Hons) PGCE MSc (Oxon) Mrs AM Clarke MA (left post July 2022) Dr Ghazwa Alwani-Starr joined on I 7'h August 2022 King's College School Southside Wimbledon Common London SW 19 4TT www .kcs.org.uk 020 8255 5300

ADVISERS

Solicitors:

Farrer & Co 66 Lincoln's Inn Fields London WC2A 3LH Veale Wasbrough Vizards Orchard Court Bristol BS I 5WS

2

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Auditors.. Haysmaciniyre LLP Chartered Accountants Registered Audicors l O Queen Street Place London EC4R IAG Insurance Brokers.. Marsh Limitsd rapital Houso 1-5 Perrymount Road West Sussex RH16 3SY BanI￿r5. Natwest 16 Wimblodon Hill Kd Londoii SWI? 7NN

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 JULY 2022 The governors present thelr annual reporo together with the audited financial statements. for the year ended 31, truly 2022. The report covers the activities of The Corporation of King'5 College School, which owns, operace5 and manage5 King'5 Lollege Sthool I'the senior school'}. King-s College junior School I the junior school'l and Wlmble¢#on Common Preparatory School I'WCPS'I. The senior school, junior school and WCPS are together called 'the schools.. The Senior school and junior school 2re Logether called 'Kin8'5', REFERENCE AND ADMINISTRATIVE INFORMATION Referenre and adtninistrative informa¢ion is set out on pages I to 3 and form5 part of this report. The financial statement5 comply wTrch current sratutory requirement5 and the Statement of Recommended Practice"Accounting and Reporting by Charities" (Second Edition. effecifve I12nsJary 201911"SORP"I. STRUCTURE, GOVERNANCE AND MANAGEMENT History and Constitution King's Colloge School was found•d by Royal ChJrt•r in 1829 thg junlor dèpjrtyrtont of Kin8 s fnllpyp I nndnm . In 1897 King's College School moved from its premises the Strand tr) Its present 51te In Wimbledon. In 1909. by virtue of the l<ins'5 Collese Ltsndon (Trnn3ler} Act 1908, King'5 College Scliool bccamc scparatcly incorportsted tsnd all the powers, duties and function5 of the Corpor7tion of KiTrg's College London passed ¢0 the newly constituted Corporation of King'5 College School {'The Corporntion'l. The Corporatyon hold5 charitable status and 15 registered as number 310024. The Corporation The StaEutsS of the Corporation were revised by a scheme sealed on 24 October 2008 by the Charity Comm15sioners and amended by resolvtion in December 2010, March 2011, December 2014. March 2018, December 2018 ind December 2019. The following are eli&ryble for membership ol the Corporation-. - Governors elected at a general meeting of the Corporation, held annually In january. People unconnecced with the schools who have contributed £1,500 for the purp05e5 of the Corporation. Former pupils or parerbt5 of pupils or former pupi15 01 King's College School who have contributed £500. Members of 5tsff of KTn2's Coll￿@ School who have coniribu¢ed £100. The Corporation currently has 768 rnembers liv(ng in all parrs of the world. Presently, 611 member5 are corbtartable by the Corporation. A detailed report on the Corporatlon'5 progress during the previous year 15 5ubmitied by the chair of the governing body at the Corporation 5 xnDu21 meeting in January The Governing Body The governing body consists ol up ¢0 26 mernbers, ol whom one, the Bishop for the time being ol the Diocese ol Southwark, is an ex-olficio member,. Iwelye are appointed by the Corporation; four are appointed to represent academic in5ticution5 ilie remainder are co.opred members. Prov*sion is made for the appointment ol the followlng representative governors.. - Two by the Council of King'5 College London One by the HebdoffladRI Councll ol the University of Oxford Orbe by the Senate of the Unlversity of Lofidon Each of the govemor5 (except the ex-officio governor) is appointed for a tsrm of three years and Tniy serve UP to fO￿r term5. The governing body ha5 a Governors, Appointments Committee which recommends potential candidate5 as governors. The Cornmitcee particularly considers diversity. competence. specialist sl(ills and availabillty. New governors receive induction training from che head and other officer5 of the school as appropriate. Governors also receive trainlng from appropria￿ extrrna1 or¥aNisations.

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Organi5ation Governing body The 5tstuTrs require that the ri2hts. powers. du￿e$ and funttions vested in the Corporation are to be pxerc15ed by the governing body on its behalf, Accordin8ly. thosov@rnin8 body has powerto d@cido m2ttorg of policy ro12ting to th@ gchools to m2ko miordocigioThs affecting the affairs ol the schools. It is specifically required to keep accounts, to detsrmine tuition fees ind salaries, to make senior appointments and to take responsibility lor the Corporation's estates buildings and equipment as well a5 for Hcalth ond SAfcty. Impsementstion of the governing body declsions is ul¢lmatdy the re5pon5ibS1iry of the head, who, with the bursar, oversee5 Ili¥ buslii¥)S diid suypvj L sld¥ ijf il)¥ Cur yvi-alivii. cvjiiii1iLL￿ IllYI)iLp¥T s e sliowii ui) yagY$ 1-2. The goverftince of the Corporation was last fully reviewed in December 2020 resulting in minor revistons to the rules and remits of the governlng body and the commictees. Minor updates to the statutes were made In December 2019 tg enable meeting5 of the governing body and Corporation to take place by dectronic means. The governing body retains overall responsibility and meets at least three ttmes a year. It also holds a regular strategy day to examine strategic matters. The board focused attention thi5 year on ED&I, the teachers. pension scheme, developing che Corporation's public benefit provision. potential launch of an online learning platforrn. future development of the school site ano growing non.fee income. In June 2021 the b02rd appointed the new head, Dr Anne Cotton, who will commence in September 2022, following Mr Andrew Hall's retirement afier 15 years of service to the schijol. Ms lude Lowson wa5 Acting Head lor the intervening period. The governors rhank her for her first rate and diligent stèwardship of the school. Dr Ghazwa Alwani-siarr was appointed as bursar in June 2022 and started at the school in August. The board thank Anna Maria Clarke for all her hard work during h•r n•2rly six y•xrs as bursar. The Finance and Planning Committee 5its at least four times a year prior to governing body meetings. Its remit IS to monitor and direct a5 appropr￿￿te the finaticial affairs of the schogl. including bursary proYi5i9n, budg¢E 5eirin& fee 5ettin8 and reviewing management accounts This year, Elle ioinii)ittre focused oli the impa£( olcontinued participaiiori in the teacliers, penston scheme, tTrie str'uttur¢ change (junior school 7-1 l and senior school 11-181, the RusSi￿Ukralne situation. the development of KCS Online, rising 05ES and bursary provision. The Education CoMmit￿e 51ts once a temi. It ass1St5 and support the heads in their oversight of education￿ provlsion at King's. It 5crutini5e5 key policie5 3nd receive5 reports from members ol academic staff. The Safeguarding eommittee had its inaugural meeting in November 2021 and meet5 termly. It Compris￿ the seniDr school and junior sthool safèguarding goverrtors. the govornor with vesponsibility for health and safety And three othèr governors. The governor with responsibility lor ED&1 loined the commiiiee during the year. The commluee a5SlSts the governing body in fulfilling its oversight responsibilities for 5afeguirding at the school provides additional support for the nominated 5afezuarding governors. It agree5. monitors. reviews and edluate5 all reie¥ant policies, stratewe5 and procedures including staff and governor training and pupil feedback. The Estate Prolects Implementacion Con7mittee (EPIC) monitors and dlrects all major expend5ture on capit21 protrects and oversoès the school's Environmental 2nd Sustinabiliw strategy. The Governors. Appointments Commlctee {GAC} identifie5 curr•nt or fuwrè 5traregi¢ Dp$ ol per$onno1 on the maSn board or its sub committees. making recommendations on appointments to the board. This year the GAC has focussed on appointing a governor from one ol the 5chool'5 partnership schools ind on continuing to increase diversity on the goYernin8 body. Thls year, an Equality, Diversity and Indusivity Committee was established, which will meet temily and is chaired by the governor wlth re5P0115ibility for ED&I. Tlii5 lQmThittee over5ee5 TTiiitters rElatiiig ro ED&1 iri the 5¢hool.

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDEO JI JULY 2022 Whilst no standing committee exi51S to hear kppeals. discipllnary matters and comp12int& a governor 15 nominated as a Standing chiir and other members are selected, based on availabiliry and 5kllls. should such a coMmit￿e be required. Thi5 committee. when tormed, is Mnown as the Appeals. L>isciplinary and Lomplaints Committee IADCC). The Health and Safery governor meers with the bursar and the deputy bursar to review the annual HÈalih 2nd Safety reporL A governor has been appointed to oversee the schools. compliance with GDPR. The appropriate members of the schools, executive attend all governor5, meeiings ocher than the Governors, Appointments Comrnittee, which the bursar ac¢end5. There is i rota of policie5 for sub committees and the maiTh board to approve- the board receives a full and comprehensive audit and report on safeguardinz of all the CorDoration schoo15 annually. An Upda￿ is also provided on 5afe£uardinR and compliance each term. Gn¥grnrkv4' Invrtlv#v>Èntr In rhrsfAI lifp_ In addition to tommittee re5pon5ibilities, governor5 are a55igned a special In￿rest which enables them to support specific -pcct& ef ￿chOOl liFe. Thie meanE that staff and pupilw havé thè opportunity to lil¢Sg dirnctly with ll r4sponiibl• governor. Governors regularly attend school productions or pupil and stsff events as appropriats. The Education Commlttee receives an update from a dilferent departmenc from the junior school 2nd Senior school at eyery meeting and meets staff infoi-mallr. The head and the hEadmdster of the junior Jchool present termlx to thr GB &nd th¢ Educatlon Committce on progress and the heid of WCPS presents to both annually. The board also sets aside time during each board meeting to consider one specific aspect of training, school strategy or opera¢ion. This year, the 8oard received training in health and safety. educarlonal Erends and decarbon15ailon. The Board was delighted wilh the excellent ISI inspections of both King's and WCP5 (his year and has passed its thanks to the Sratl lor all their hard work. Managemènt boavd The head. the headmastsr of the junior school. the senior school deputy heads, the pastoral head of the junior School and the bursar form the Management 802rd, which meets half-termly. The fiThanci21 controller and compliance officer are non-voting members. The Management Board undertakes the general and administrative management of the Schools and reports to the appropriate governor committee dependlng on Ihe matier being considered. This year the managernent board focused on bedding down the structural change to the I￿niOr ind Senior schools, the ISI Inspectlon, implementing the ED&1 strategy. bursary and ovtreach Strategy. school crips. digital strategy and family friendly policies. The Pre-Prep Management B¢yard meets termly and consists of the headrnaster and depuLy heads of KCJS, the head of WCPS and the bursar. The lin2ncial controller and compliance offi<er are non-voting members. This year, che pre-prep management board agreed plafts for a number of relurbishmentslupgr3de5 around the site and to trial offering hot lunches. The new head of WCPS started In lanvary and ha5 settled in well. Related Entities The Corporation has two wholly owned trading subsidlary COfflFyanics', KCS Enterprise5 Limitsd, whtch 15 responsible ftsr managing the sports club, school shop And Ihe iommercia1 letting activities 01 school facilities, and KCS Wimbledon Ilnternationall Limited, which is responsible for man3ging Ihe sehools. commercial overseas e(lucktional activitie5. In line with ChaHty Cotllmi55ion ¥uidaiiiE, tlie ¥uvei'iiors eiisure cha¢ the cliariry maintatn5 approprlace connections with these trading subsidiaries and regularly assesses the potential risks to the charity from these trading actlvities. These are I0￿ed in the charity's rlsk management matrtx and in each subsidiary'5 risk managewent tllatrix, FurLher details on both ol these companie5 can be found in notes I l and 24 to the Accounts. KCS Enterprises Ltd Th5 15 a separate enLlty whose entire share capital is owned by the Corporation ol King'$. KCS Enterprlses has its own board, chaired by one ol the main board governors, which meets twice yearly 2nd reptsrts to the governing body. The managing director ol KCS Enterprfses reports into the bursar. KCS Enterprises manages the school shop a$ well as lettings throughout the site. It is also responsible for the running of the Klng'5 Club, which operates the schoo15' sports facilities on a commercial basi5. The King's Club was successfully reopened when pandetFbic re3trcÈions were lifted and has perlormed well since then.

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 King's College School Wimbledon {International) Ltd This 15 a separats entity whose enrire share capital is owned by the Corporation olKing's. KCS Wimbledon (Intemauonal) has its own board, comprising three main board governors, an ex￿rnal director and three senior staff, which meets termly aTrd repor¢5 to the Eoverning body. The direcior of overseas schoo15 reports into the head. with 2 dottÈd line into the bursar. He meet5 regularly with both and produces an annual budget and ￿rmlY report5. In China KCSWIII opened two schools in September 2018 and one in December 2020. It opened a school in Bangkolc in September 2020 and signed litÈnte and service contrAr.t with an pyi<tirtg Èrhnnl in Mnnacn in Aiigiist 2020. These 5choo15 all operate under a licensing agreement model. KCSWIII works closely with the operator in the tsrritory in China and With thè Ox•¢￿tIve teams of the school.. Two rcprc4cntatlVC• fron7 King's alt on thc governi￿ body of the Bangkok school, one governor is a current Kings SMT member. and one is a former Kings Chair of Governors. Two represenotives Irom King's sat on the board of the Monaco school until February 2022. There is no financial commitment from King's or KCSWII} to new ventures abroad. KCSWIII continue5 to explore rther opportunitie5 in territories identif5ed a5 having a demand for British independent education and is also approached by PDEential PdrtllEf5 In[ere5￿d In collaborarlng. Risk is managed through careful selection of partners. who share King's values and commitfflpnt to delivering high acaijemic standards as well a5 levels of pascoral care and by putting appropriate systems in place to ensure that the over5ea5 operations do not impact on che provision of education in our core UK Schools or on the repLStafion of the Corporation. All contracts with third parries are entered into via the trading subsidiary KCSWIII. rtot the Corpordtion of Kinds. Other related entities Informatyon on the Old King's Club IS Set out In note 24 to the Account5. The Friends of King'5 College School are generous contributors to the fin3nci21 and 50aal well-belng of the sènior school and Ihe junlor School, as are the Friends of WCPS. Their support is warmly acknoN￿edged.. the Friends of the rhnnl< gihpd KA4k trn th• r.nrporation during the year. Further information is provid•d in not• 25 of the Accounts. ftisk Managemont Thè governing body is responsible for overseeing the management of the risks faced by the schools and Corporation. DetAiled oversight of risk is delegated to the Finance and Planning Commiti¢e which is a551Sted by the bur54r. Ri5k5 are identified. assessed, and controls esrabllshed throughouc che year. A forrnal review of rjie 5choo15' risk managemenr proce55es is undertaken annually and submitted to the governing body for approval. Ri5k5 are managed through dedlcared tlme belng assigned to identifying the risks associated with key strategie initiatfve and operational activitie5, riiitigation measures put in place wiih clear actions identified. undertaken and reviewed. This IS a continuous proce55 thac feed5 into formal agendas of the Governing Body and its committees. Ri5k5 are 3ssigned to the member of the Management Board who is best able to manage them. The risk register 15 reviewed regularly by the Management Board. The key areas of risk identified in the PBriod of this report were.. eputational: The executive and the Governors are aware of the key actiwtie5 and issues that may Impatt reputaiionally oll the Corporation. Issues such Ihe national political contexL our international operations, the actions of pupils and suff and adherence to our policie5 and procedure5 were all carefully examined to ensure that we idhere that the corporation remains true to its value and 5trate2y and acts in line with thÈ requirements of the Ch2riry Commission and the Independent School Standard5. Financial: Careful eonslderadon Wd5 given by the Executsve, the FSnance and Plannin8 Committee and the Governin8 Body to Ihe l O year financial projettions of the corporation and potential scenarios that may impact Dn financial health. National and international policys policical and p3ndemic-imp05ed changes, the costs of the pension scheme, rislng cost of living and rising cost5 01 opcrations were all considered as key 5nlluencer5 on the corporation's financial health. Scenarios of likely impact were presented and dlscu5sed &t key meetSfV throughout the year, acvon$ agreed and projections amended aCcordin￿y.

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Operational: Following the Covid-19 disruption. cgnsiderable amount of time dedic&Led by the Executive team and the Governor5 to ensure that the corporatlon continued to operaie effectively, A number of issues were careful considered such as estate planning to comply with new ventilation 3nd occupancy scandards. healih and safeEy and 5t2ff wellbeing. Cyber security was also an area of locus with 5ur¥ey5 and ￿Sts carried out to en5ur¢ the school's re511ience to a cyber.atrack. Safeguarding: In the past academic year, the school ha5 developed a sector-leadirTrg programme ol in•house training led by our Director ol Safeguardin& The school has developed safeguarding supervision opportunities for pastoral leads, providing individual support plans for pupils and fuither ongoing tratning lor tutors and other pastoral staff, and forged close links with key local authority contacts. An annual audit Is carried out by governors and with an external specialist 10 ensure that the school's provision in this area represents best practice, The school was found to be compliant in all aspects in an151 inspection held in january of 2022. Suppordn8 piipil mgntAI hp*lth And wg.Ilh@inE cDntinue$ tts bÈ esgential in our $3feEuarding work a large number of staff are now trained in Youth Menul He￿th Firsr Aid. In September 2022, the school opened its new wellbeing space for pupils in the senior school. Monitoring and suppordng pupil's welfare is at the heart of safeguardlng across thc whDIc- hool. A governor5, safeguardins commitree meets termly, providing opportunities for rl8orous 5¢rutiny of the school, i aiLice and it5 action plans. Covid-19 management in the school in 2021122: With the commencement of the school year in September 2021 there was resurnpilon of normal 5cliotJl dLtiViLie& bul & IiuJiib¥i uf Cuvid 19 niar+&sement FI￿¢9￿01￿ were still in place. An ovpr-arching risk 35sessmenc was m2intsined. Public events were monitored and capacities were 5tlll Ilmlted. This included entranee exams. l owards the end of the autumn term with number5 on the increase, the School took the decision to cancel the staff Christmas party. Lateral flow tests were provided to suff and pupils for home testln& Positive results were still recorded and detai15 sent to Merton council until March 2022. M3¥1ts wprp rrtmpiilgrtry in r.r)mmiJnAI Are25 for the 2Utumn term and into the sprfng term. On5Ite te5tlng was carrled out in both autumn 2nd spring terms. Enhanced ventilation w3s continued with rensair air filtering units deployed across the 51te. Haiid saiiitiser wa5 available at school entrances and the dining hall as well as availv&ble for all classroom a5 were anti-bacterial wipes. Perspex screens remained unless there was a request for their removal. The School Look part in on-site pupil vaccination in the autumn term. Year group5 were kepf in bubbles lor transport on the AMI PM coach routes and seating plans lor classes. For the 5urnmer ￿rm, most control measure5 fell away but we malntained hand sanltisers at entftnces to the sd)ool and incre35ed ventilation. A st2ndby exam room was also prepared far any pupils 5Itting exams who tested positive but was sti51 well enough to sir thÈ exam. The school continued to follow government advice on management and control of Covid within an educational environment. Pupil Numbers: Recruitment to the Senior School remains stehdy, with demand lor places at the I l + and 13+ entry Points remaining at 9 to 10 reglstered c2ndidates frjr Èxch 3V3i13ble placÈ. There is similAr demand at the l 6+ entry point, although a point ol difference is that the new joiners at 16+ are predomininily girls. The aver3xe number ol pupils in Ihe senior school from SepEember 2021 to July 2022 was 1190. Equality and Inclusion.. The School's comtnitment to EqkE31ity and Inclusion remain a guiding principle lor activities. A director of EDI was appointed to spearhead these ac¢lVlties 2nd this strategy. and a governor EDI committee was e5cabli51ied. It& foius was on developing strategies, targets and action plan5 across multiple activitios of the school, both teaching and pastoral wilh the ovÈrall objective ol embedding EDI at every level of the school. The EDI committee also oversee5 training provision for staff and Eoyei-nors and reviews key policie5 In chese areas. Focus a150 given to the structural change5 In the Senior school admissions at I l + which increase access to the school by those joining from state primary 5choo15. The transition was completed in this financial year. Work a¢so convnued on expanding the bursary proxramme to assis¢ those who are do not have the means ¢0 join the school.

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 C05t of the support Staff defined benefit penslon scheme recovery plan. Following consultation, the support staff defined benefit pension scheme wa5 closed on 31"July 2016. Thts has been replaced by a defined contributions scheme wh+th makes financial planMSng easier. A recovery plan 15 In place to rnan￿e the defined benefits scheme deficit. The accuari31 triennial valuation condutted in August 2019 reported J decrease in the value ol the deficit. Thi5 is as a result of the school'5 onioin£ repayrnents and also (rf the changed actuarial a55umptions. includlnE improvements to discounc rates and slowdown in mortality improvements. As agreed with che Trustees, the school continued to phase it5 reduced repayments over the planned five year period and Continu￿ to forecast prLtdently on this risk element. Cost of remaining an employtr within the Teacher5. Pension Schemè. The governors carefully examined thp finAnriJl impACt of romiiniThg within th• gchèmé, given the projected siyificant incrcttsc in ¢mployerJ' contribvtions. On balance, the gtsvèrnors felt that this was still an important and appropriate benefit to offer teaching staff in the intsrests of recruiting and retaining Staff of Ihe highest calibre and the Corporation does not currendy plan to leave thc 5ch¢mc. Governors continued to monitor development5 Ylltli peei" gi K?uy sLlivulk iii ilJ¥ heEiur anij to assess the affordability both of the current level of contributions and any further rises. The school considered an alternative pension scheme that would be offered in iddition to the TPS if desired by staff. Through the risk man4ement processes estLbli5hed for the Corporation, the governors are 5atlsfied that the major risk5 idenillied have been adequately mitigated where necessary. It 15 recognised that systeTnS can only provlde reasoTiable but nor ab501ure assuran￿ that major risks have been adequately managed, Energy and the Envlronment Under nèw SECR Istreamllned Enèrgy and Carbon Reporttngl guidelines the school 15 reporting for the first time its 8r0s5 emissions. Thèsè are calculated using the UK Government's SAP 10 (Standard Assessment Procedure) emission factors and Validated by an external specialist. The SECR disclosure presents our carbon footprint WiLhin the United Kingdom across Scope 1.2 emissiDns, xn appropriate intensity metric, the total energy use of electricity, gas and rran5POrt fuel and 2n energy efficlency actions summary takeh during Ihe ￿leVant financial year. Scope 3 emissiortrs will be considered for inclusion In future year5. The taiy25t proportion of emissiong srtses from ga%p.niiÈ fiTrpl rhTnhii4tion. prim2rily for h•atin8 and hot w2tèr. AE E<hool: reqtsire a Comfortable environment lor studenc and staff wellbèin& rhis is as expetted. ThÈ second largest proportion of Emi5SIOn5 arises from decrriclty Usage, primarily for lighting, ventilation syscems. kitchen equipment and IT. King's College School (KCSI procure only l 00% Rènewable Generation Guar?n¢ee of Origin IREGOI Certified Electricity, resulting in Zero Carbon Emissions atiributable to S£ope 2 Electricity Generation. However, the requirements of the Streamlined Energy and Cirbon Reporting (SECFiI Srheme, require thar Grid Electricity or Lo£aJ Grid EleE(riciEy (Market B25edl Emission Faccors are used to report on Scope 2 Emission5. KCS condnue w acliieve direct savings in energy and as50ciared carbon emi5sion5, through implemenung the Eco Audlt Actyon Plan with operational and techrTrolog*cal improvement5, includin¥. Upgradlr7g of Energy Metering and accessible Energy Data via We￿baSed energy porta15. all Half Hourly Electriciy Meters are now online, Ihe schtsol have used the Energy Data to host Low Power Days, measuring the difference in consumption, which has led to identifying areas opportunlty to further reduce Electrlrity consumption. Gas meters are currently being upgraded w provide enery dafa and the None Half Hourly Electricity Meters are in the process of being upgraded with SMET11 (Smart Meters where possible), with Advanced AMR Metering on the higher energy users, to provide the greatest level of granularity to assist WlLh further energ/ efficiencies. from previously 'Dumb' metering. Sustainability and malntenance projects have induded LED lighting upgrades., ensuring insulation in all buildings., insralling more enerKy eificient equipment in washrooms and ensuring ayailible recycle faciliiies college-wide. Improvèments in Building Management Systems (BMS), which now contro15 9070 of the 5chool'5 e5tat< for Healin& Cooling and Ventilation. have also continued and include healing optimisation, installing COI Monirors co display room temperatur4 reviewing building hearing times. school heating system xnd sÈtting oprimised temperatures. Improyemenc to our catering provtsion have also been carrled out through optimising kltchen air conditioner temperature. providing local. 5oasonal, fI￿r tradÈ and provision of o￿niC food aT7d <omp05table cutlery and crockery.

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 The action raken dijring ihe financial year have seen a marked reduction in the consumptlon of natural gas, the overall impact on energy efficiency actlons and reduced carbon content of che fuels used by KCS, have resulted in * 21.4% reduccion in greenhouse gas emissions compared to the previous year. OBJECTS, AIMS. OBJECTIVES AND ACTIONS Chgritable Objects The Corporation's principal object, as ser out in the Statutes, is the advancemenr of education. There has been no change to the objects during this year. Aim5 Iii mootin8 thp nhjprt<. thp Ccjrparatitsn supÈrvises the schools which are independent day schools lor pupils who are educated up to the age of university enirance. The schoo15 are committed to equality, diversiiy and inclusivity and have the paS￿ra4 Care ol Ihe pvpils at the heart of all that they do. The School seeks to provide academic education of high quality. ¢xtended by a broad rango of culturJl And sportin8 oppnrtiinitiP< and %iJpr)or￿d by x respon5iYe and sensitive pastoral System and 2 clear m¢ral framework. The Corporation recogtTrises its charitable role within the wider communiry and it5 duty to develop responsible, re5pectl(rl citizens.. 311 pupi15 of the schoo15 are encouraged to think independonily, LV iieyei" tolei"ar¢ any discriminatory or urs&cCCPtabl¢ bch&viour and to co-ope#t4 with th•ir t￿CherS and nthpr in the pur5Ult of excellence in whatever they underrake. The Corporafjon also co-Dperates YIiLli IvLdl siliuol), chai-iues and ￿￿er orsani3atiQn3 to wFden publi¢ 4ccc£• tt¥ the hooling provided and its facilities. In furtherance of these aims, the gOvern￿ng body has complied with the duty in the Charities Act 2011 to have due regard to the Charicy Commi5SIOTh'5 published general guidance, where relevan¢ concerning the operation of the public benetir requiremeni under rhai Aci. Tlii5 YV&I, Lliv xvvi livi"& updaLed the aims and eth05 to reflect their commitment to using surplu5 to fund bursaries as well as to th￿r environmafitl agenda. The aim5 of King's College School l. To provide education which enables each pupil to develop an independent and searching mlnd, and to rake pleasure in the life ol ideas. 2. To develop eaeh pupil's Interest in and enjoyrnent vl a broad range of actyvities and to provide excellent, environmentally responsible faciliTies in whirh to do so. 3_ TD provide a Safe, friendly and inclusive environment Lh2t telebrdtss diverslty and Individuality, to engender 2n atmosphere of mutual respect and equality. 4. To presérvÈ the Chri5tSan frdmework of the sthool so that the values of Chri5uan ￿aChIng can be seen to underpin the school, albelt unobtrusively and in such a way Ehat those of other faiths or of no faith feel that their beliefs are trea￿d with equal respecL and Lolernnce. 5. To develop and enhance c105e and posltlve relationships beNeen KSng's College School and its partnership 5chool5. 6. To utilise school resources to 5tspporÈ bursaries, mwntained-sector partnerships and any other related inltlatives. 7. To help eaeh ptspil recognise the value of the commitments they mike to others, and of their contrlbutions to the school 2nd the wlder community. 8. To appoint and as51St with Ihe developmerht of a diverse, talented and inspirational Staff and to seek a￿e individu21s to serve as governor5 9. To use the community Yoicelexperience to map out a relevant, Sustainable and successful future. The governor5 are sarisfied that the school has closely examlned its delivery ol ihe5e over-archin8 alms this year and ha5 sought external guidance and 5vppory where appropriate to do so. 10

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Objective5 for 2021122 Particular objectives durlng 2021-22 wtre to". To continuÈ to deliver high quality individuali5ed pastoral care for all pvpils 2. To develop equality, diyersicy and inclu51Vlty in all King's doe5 3. To continue to navlgate the school Ihrough the educational and operational challenges of the pandernic 4. To ensure pup$15 receive the highest standard of educational pxppripnrp 3nA thA preparation lor higher education To respond to the changlng dig(tal land￿ape 6. To ensure sustained high niimhprt of pupil 2ppllc2tions 2t all ￿Try lèvels 7. To recrLtit, develop and retain the highest q11211ty staff 8. To grow and develop the bursary programme, to explore posslbil¥ty of settlng up an endowment fund and ro explor4 othor 2vontseE of ensuring our ¢ducètioD r¢ache3 a broader audience 9. To generate sufficient income to provide an outstanding educational experience. and to grow non-fee income to do so, including exploring the establishment of an online school and growing our international schools programme 10. To develop our environmen(al and 5UStainabillty credeDtyals I I, To revisit our strategic planlling process 12. Tu LUIILIIIUE tij bulld staff morale and confidence Actions ¢0 achieve objective5 A signiftcint focus for the school was to enact a Comprehensi￿ response to the issues presented by the nattonal 'Everyone's Invi￿d, movemeftt. within the coniext of a continued focus on outsranding, individualised pastoral care tor pupi15. The school developed further its safeguarding provision though che appointtnen¢ of a dedlcated director of safeguarding, through a comprehensive programme of staff training and through strengthened systems for recordlng and reporting of incident5. The PSHE currlculum h•s been comprehensively revised. WlEh a Specialist teacher appointed and ¢irnetab5ed les59n5 in place lor sixth formers lor the first time. Pupil advocicy and pupil Vol￿ has been OF central importance and systems lor capturing, hearing and actyng upon the views of pupils have been developed and improved. All a$pect5 of the school'5 operation have been considered through the lens of equ3llty, diversity and incluslvlty. A busy pro8ramme of events ha5 raised rhe visibility and understanding of these matters for pupils and lor the tommunity whslst these topics have al$0 been embedded into the c￿rriculuM in each subject. A team of staff EDI menEors has been established. alongside a governors. committee, providing oversight and scrutiny. Governors an¢J staff haye had several opportunities lor training in these areas. A major partnership. the Wimbledon CharEer, wa5 launched with the local &rls' school and pupils hawe benefitted Irom opportunicies lor r105er coll&boraTlon and further interaction with local girls, school5. The impact of the pandemic lessened over the course of the year, but still resulted in the required reimagining of some evencs. The scliool made use of Ilve 5rreaming and online events as required to ensure that the busy programme ol performances and concert5 was not compromised. Academic staff undertook thorough assessment of pupils in order to ensure to minimise disruption to programme5 of study caused by the pandemic. The school Continued to respond ro the changing digiul landscape. The school has had a successful year in which 'Bring your own device. policy h3$ been embedded years 9-13. and the use of digital applications and chnology has increased in all years. The first cohort ha5 completed computer science GCSE, and thi5 15 now an A Level option. A digi¢i5ed recruitment $y5teM has been launched, and significant improvements have been made to the school'5 informition management systems. Events such as parents. evening have run Dnline with great success. The school has purskted with a partner the opening of its first lully online school, 2nd it Is anticlpated that this will launch in September 2024. The school's exploration of an online school 5its alongside che ongoing development of the school's InLernational strategy. After a period of Covid.enforced disruprion. Kings stsff were bet￿r able to support the work of partTrer schools in Thailand and Mon&cg In particular. The income from these projects supports a growing number of bursaries for pupils in the school the UK. The school ran 3 Staff survey and provided comprehensive feedback to colledgtses QFt the nexi sreps an¢tr actions taken, which include amendments to terni dates, better processes for sharing information and more time for training, reflection and review. $￿ff voice and feedback groups were e5t2blished, and external HR advisors assisted the school in developing a nusnber of key policies regardlng staff support. A proposal for an alterniiive pension scheme offerlng flexibility to staff wa5 developed. The school has taken steps to allow for closer working

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 between Senior school and junior school te2chlng staff and support 5tff. A new in-house staff CPD programme was launched for the benefic of staff in all role5. The School moved to a new structure which sees all pupils transfer ro rhe senlor 5cliuvl di I l + diid Iliis haj become the largest entry point for the School. The removal ol any kn'nd ol admissions test between the juni¢Y and Senior schools has allowed for grearer breadth and stretch in teaching at key stage 2 and key stage 3. A record number of applicatior15 were received lor places lt I l +, and large proportion of these pupils are drawn from maintained primary schools. A significant driver for thi5 Structural ¢hange has been a desire to widen acce55 to pupils from maintained sthools. The continued exp3n5ion of ihe bUr5￿Y provision and outreach and partnership provi51on remained a key focu5 for the school. A new parcnership w35 established with a new local mainrained school to enable the sharing of b•Kt prA¢flt&. Ind fnr Kin8'% trth SUPPOrt the development of the sixth form curricu￿￿M and higher education provI5ion in p3r14cular. The school ran a lully funded summer term programme supporting 14 pupi15 who had fled the conflict In Ukraine. Pupils from Ukraine were offered a tailored. lull-time programme including lesson5 -h and other academi¢ subjo£t¥ ind werè 21$0 2hl(J tr) tAkp part in the school's co-curricular programme. in Engli- The school hosted parents and their sponsors at 2 number of events and was able to make three additiona1 full bursary awards to pupi15 from Ukraine. A pollcy 5crutiJsy xi vuy Yrfa> established. ￿l￿wIn￿ for closer focu- on Dtratsgic mattorg in pxlsting mpgting beNeen senior s£aff, and the School set out a detailed 2nd arnbitious management action plan for the year which was revlewed carelully on a hall termly basis by a newly formed tommittee of senior staff in order for progres5 against these objectives to be susralned. Principal Activities during the Year Duiing the year, the Corporation has provlded education in Wimbledon, London SW19, as follows.. Average number vf yupils 2021122 2020121 King's College School King'5 College junior School Wimbledon Common Preparawry School 190 286 164 1.029 445 163 1.640 1,637 Public Benefit The Corporation provide5 education to 1,640 wpils who would otherwise be educated In mainta5ned schools at publie expense. However. the Corporation recognises that it has wider respon5ibilitles to the community at home and abroad 2nd to a5SlSt in making the educatlon offered at King's more accessible. There are four additional eleFnents in the public benefit st provide5.' bursarie5: Outreach.. community projects,. and cornmunity access. Bursaries li ha5 always been the policy of the governin8 body that Ehe distinctive all-round educa￿On offered by King's should nor be restri[￿d only to Ih05e families who could afford che fitll fees. The governors posiiively encourage applicants from d+ver5e religious, echnic and financial backgrounds. In 2021-22. tha senior schod provided entrance bursaries at various en¢ry polnts be￿ten ages I I to 16 as well as bursaries in both the 5enlor school and the junior school ¢0 those who have 2 chiinge ol circun15tances which makes paying the fees difficult. Bursaries of up io l 00% of the lees plus extras are aY2112ble subject to the candidate meeting the respective srhool's entrance requiremen¢s. Depending on need, bursaries can also include support lor ￿nIfOrM, trdnsport and lunch costs. In Lhe year ended 31, july 2022 the Corporadon gave lee remission lor bursaries to 69 puplls aggregating £1.359,000 {2020-21.. 67 pupils aggregating Cl,255.0001 which ha5 been shown IN these accounts. Included in the5È figure5 are l 00% bursarie5 awarded 10 44 pupils, Funds for bursaries are provided from lee income, donations, and by the Corporation's trading compinies (KCS Enterprises knmited and KCS Wimbledon Ilnternationall Limited). This year KCS Enterprises gift aided 1565.000 (2021.. £33,000) to the school towird5 bursary funding and KCSW{11 contrbuted £2.028,00012021.. £1,860,(MI. 12

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Grant-making Policy The Corporation sets aside funds, and raises money, to suppon means-tested bursaries and scholarships. In partitular, rhe Corporation has been building a bursary fund from various income source5 to supportfuture requirements. Bursariés, which range from l 0% t(} l 00% of the tuition lees, plus Èxrr&s, are offered to P3rentslguardi2ns of pupils who could not oiherwise afford to send their children to King's based on a comprehenslye assessment of financial need. using external asse550rs. These bursarie5 are re-as5¢5sed annually and miy change during a pupil's time at che school depending on changes to their financial situation. King'5 a150 offers a limited number of fixed amount scholarships based on merit. In the year ended 31" july 2022 the value ol scholarships. grants and bursaries available to the pupils of both the gÈnior sehool And jinior School amounted to £1.7m12020-21 £1.5m). VoluntÈÈtr¥ Alumni, Friend5 of K￿ parents and members of the loc21 community assisted and supported the Corporation's odueatitsrh213nd ¢ultural activitles throushout the Ycthr. fhc soycrnins body would lik¢ to r¢eord its appreciation of thi3 continuing 5UPPOrt. Partnorships Outreach Community Project5 A££es> The 2021-22 academic year saw the return to in-person partnership project5 for the whole year, this was the first ￿me thai Ihi5 had been Ehe case 51nce rhe 2018-1 ? academic year. Vvè were a150 delightsd to welcome Wirnbledon Lollege as the tsnth member of the Wimbledon ISSP. ThE rommunliy prolecr pro8fdmme on Friday afternoons enabled almost 400 Kings puwls ¢0 take part In weekly actyvitses with a wide range of local schools and oryJnisation5. This year a new swimming projeci began wlth Christ Church Primary School. The younger pupils were able to use the King's 5wimmirsg pool each week for their Swimming lessons led by King's pupi15 under the guidarjce of swimming coaches. Further additions to the programme included Robotics with Pelham Primary School. One Kin8'5 pupil was delighced Ehat they were- helping children hoprfulty discover a Potentiolly lif￿ong Po$sion for robotics, computer science, ond technology in generol In conjunetion with the Royal Institution centre for climate change Innovation. a new prolect visited a number ol local primary Schools educating pupils on how they could turn their school inro a'Sust21nable Super School,. Groups of pupils at each school were invited to present th￿r ideas with the winner5 proceeding to the finals held at The Natural History Museurn {NHM). The winners faced a panel of expert5 from the Royal Institute. Grantham Institute of Climate Change and Angry Monk. The final new prolecc for thi5 year wa5 Drawing Together vhicli enabled 150 pupi15 from lour prlm?ry schools 10 rake part in PfdCtic31 arc workshops throughout the year led by King's students. The'Frlday Afternoon Blues. ￿nd. travelled to MÈrton Abbey Primary School to teach jazz improvisation to children as part of the Jazz in The Communty' project. The Klng's pupil& in conjunction with Merton Music, tsught the chlldren how to experiment with 2nd develop mtsslcal (deas. progres51rsg from basic rhythm5 through clapping all the ￿&Y up to sophisticated solos on insrruments from glockenspiel to guitar. which were showc35ed in our final concerL During thi5, there were collaborative performances of a variety of pieces frotn 'Swing Low. Sweet Chariot, to our very own 'Frtday Afternoon 81ue5'. as well as some solo offerings from tlie children which showcased their enthusiasm and talent. One King's pupll said, 'Seeing the mL15ical progress made over the weeks was hugely s3tisfying and the excitement and enthtssiasm each child showed, even just in playing 2 few barg uf improvised 8locl<enspiel lor example. was genuinely impacrful and made me feel that I was re211y aiding the community, which of course the CCA programme aims chiefly to chieve., The Mayor ol Merton attended and said, Thi% kf the very essence of portnership woth. On the last day of che Spring tsrm. Klng's pupils ind puplls from ten different partnership Schools took parr in the community prodEÈCtion, A Thousond attd One Night5, the Collyer Hall Theatre. Pupils worked together on every aspect of the Product£on.' designin8 the set and props, composing the music, devising the scrip< cundu¢¢ing and singing in the 13

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 choir as well as the technical side of the production, sound and lightin&..thè list is endles51 Thère really was 2 role for every pupil Irs the Community Production. The Mayor ol Merton arLended and said - 'It Wos trufy owe50me seeing such o ronge of talent from atm55 oll the schools tokijig Port.. During the 5prin8 term over l partner school Wimbledon ISSP pvpils in Year I l aftended GCSE reinforcement ¢la$5es in Maths, English, German. Spanish, French, Biology, Physlcs and Chemistry taught by teachers Iroffl King's on a weekly c enabled the students to eongolidat• th4ir knowledge in prÈp2rition fnr thp piihllr pitJmE piipil said. 'l¢he te3chers] explained the topits at a good level 2nd it was wÉll-p2ced'. A second added, the legson5 were, 'well planned and concise,. Whilsi a third said, '[the lessons were vseful sincel we got to get a different approach to teachsng Llie subjecL'. During the course of the year, I number of events were run as part of the senior aspiravons programme for parinership school puplls who would be flr51 gener4EiDii uiiivErsiLy >LI1vldl J. Iii Lljy )yi iiig iei-111, the Winibledon ISSP were delishted to be invited to take pari in the Globe Theatre's Ploying Shakespeare Deutsche Bonk, attending a series 015ix workshops and visiting the Globe lor the performance of Macbeth. Thi5 allowed the 90 year 9 pupils from 9 Schools to reilly engage with the text. get to know the (alobe Theatre and develop their knowledge of 5hakespeare2n 13nguage con51derably. Oiie Student, following the final workshop, mentioned that she had joined Ihe Globe Youih Theatre as a result of this course. Others referred to the fact that they were inspired to coriTinue studying Drama for A level and BTEC. Whilsi miny spoke about ihe whole experience increasing confidence levels, especially in relation to publie speaking, and some referring to incorporating performance technique5, which had been learnt, into their future acting. These included tone of Yoice, body language and Eefteral acting sktlls. One student added. .1 learnt about the technique5 rhat actors use to deliver che performance to a high and engagin& Standard. I saw this in action when we wAwhed the performance of the play live at The Globe,. Pupils all agreed that the practical natur¢ of the workshops made them incredibly fun. Senior Aspiraiion5 year l O pupi15 Vlslted King's College London to learn more about university life, have a tour of the Strand campus and attend a taster lecture. One p￿P11 53id Lhkt rhe best thing about the trtp was, 'Underst￿ding more 7hoiit my future and how to structure it successlully.. They also went to the Wesr End lor a performance of 'Ocean 2¢ the End of the Lane.. Pupils comEnented afterwards that they were particularly inspired by the use of physical theatre and props in the show. In the summer term year l O pupils atcended workshops in Geography. Compu¢iTig and Greelc whilst ye&r 9 pupils co¥erod Chin&zt), Music 2nd Eng¥n99tyng which w@ro lod by %nA piipil%. Year I I pupils v￿sited Royal Holloway Univers4ty ol London to leara more about possible cour5e5, discover more about scholarships #nd experience a carnpus universiry. They algo xttended workshops led by Future Foundations following which one pupil said that they wovld be 'dedicaiing some time to the research ol universities I'd like w go to, understand what I can and can't do and use my ski115 to my advantsge, and do what l am P￿S1Onate about,. as a result ofthe workshop5. At the end of the academic year the Open Door Project took plate for thÈ first time since 2019. This involved 90 pupils from three primwy schoo15 taking part in sports and 60 frorn two primary schools devising a theatrical show 'The Snow QuEen'. Tlie pTL)jecc was led by student leaders from King's and two partner secondary schoo15 WiLh the final performance and tournament attsnded by parents, tsachers and the Mayor ol Merton. Cheryl Seabrool<, che teacher in charge from Sc Mark's Said, 'You worked 50 hard and ir really showed in the ouistanding p¢rformance by all pupils and student leaders in the productioTr. We are really looklng forward EO next year'5 Opeii Doorb Pl￿1el( alreadyll Whilst one of the student leader5 Said, 'The best Ihing about che week was seelng the kids engage in the sports so much 25 well as building relationship5 with people I may otherwise not have,. We continue to offer UCAS support to Oxbridge and medicine applicants. and last year the ntsmber of ptspils ewaging with our support returned to the high levels we saw before the pandemic began. 35 ptspils froffl Coomb& Gil'15, Coombe Boys, Grey Court, Ursuline, Wimbledon College and Raynes Parl< High School received individually-callored support lor their applicdtlons chrough It￿nding extension classes, receiving personal sutement support and advice, and attending mock I￿terVIewS in person or over video call. Of those 35 pupils, 22 were called lor interview by Oxford or Cambridze. and ten were offered places. The Wimbledon parEnership continues to be beneficial in helping teachers with career development. Two King'5 teachers complered teacher training placements at schools within the partnershlp. Thè King s Teaching and Learning Pt2tform {KTLPI will be a new and innovafive way of providing professional learning to the King'5 community and these courses will be open to tsachers Irom Harri5 Academy Wlmbledon frorn September 2023. K4llg5 2rringed two tsaching placements for PGCE students at Roehampton Unlversity, one in Drama and one in History. 14

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 We are delighted thatjo Larizadeh. Head of Harrts Acidemy Wimbledoni joined the governing body of King5 this year. Several KIDg's scaff continue to be sovernors of local schools. The Partnerships and Outreach department 15 very grnteful to the Friends of King's lor their generous sponsorship of many aspects of rhe programme. Without this, rhe opportunities lor 311 students involvÈd would be much reduced. Charitable Giving Both the pup115 and staff of the schools have undertaken activities to raise funds for oiher chari¢ies. This year the junior school and senior school raised a total of nearly £45k. This included 5(Fpport for Shoot6ng Star and St Raphael 5 hospices. Perseid school. Save the Children, Ananyd Trust. the disasters emeryency fund wd other UK charities as well as for Obera schools. Comrnunity Access In addition to the access provided through the pamiership programme and community projects outlined above. the school 21so encourAgg.< iJ%p Af Èrhnnl tsriliti•s by vlrlous eharit105 2nd community groups includins vartou- theatre groups and Northwest Residents Association. -ports and REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR External measures of succe55 King's has been shortti5Led for the Independent Boys, School of the Year award and Independent khool of the Year for Community Outreach award at the Independent khoo15 of the Year award. Academic pèrformance At IB higher level. 72% of exams were awarded the top grade 7 and 99% were awarded 7 or 6. At IB standard level, 69% of exam5 were grade 7. The average 18 Dlplom& Programme POiTSts score was 42.1 lout of 45}- 13 pupils gained the full 45 points and 38 pupils gained at leRst 43 points. At A level, 68% of all exams were graded A and 94% of exams achleved at leart a grade A. 73 pupi15 achieved three or more A grades, with 41 achieYiDg four or more A grade5. Considering the upper 51Xth as 2 whole, 69% of all eximinations were awarded an A or IB HL 7 and 96% of all examinaiions were awarded A*IA or IB HL 716. At {l)GCS& 73% of all IIIGCSES were aw&rded grade 9. 91% were awarded 918. and 9B% were awarded at least a grade 7. In cwm5 of university desri¢Mtions, 93% of our pupils Wlth a place In this yexr's cycle werÈ Accepted into their firm choice of university ind 99% were accepted Into their firm or insurance choic& It was a very successful year for medics {15 gchieved places in a competitive applications environment), and pupils with i￿ternatIonal offers all made their place5, and head off to extiting plAcp% aroiind the world, including Harvard, 8rown. Chicago, MCGIII and Bocconi. Pupi15 have COn￿nUed to excel In broader academic and other pursuits.. Two uppér sixth pupils won the loutes Oratoires ar the Institut Francais. In the Lingut3tics Olympiad, five pup115 achieved a bronze award, three Silver and one gold. Sixth form pupils reached the finals of the Spanish National Debate. Oxford Union Nitional Debating and c￿brIdge UniDn National Debadn& Upper 51xth pupils were invited to partiCiP2te in the Brltlsh Mathematics and Physics Olympiad - round 2. all upper sixt puplls who entered the Chemistry Olympiad came away with gold or silver awards and in the Cambridge Chemistry Challenge seven pupi15 obtained gold awards. Three upper fifth puplls reachÈd the national finals of the Fl in Sehool$ STEM challenge. A lower sixth pupil wrote an article for Imperial College London's Science joumali5rn competition and won first pla<e. A lower sixth pupil won third prize (making hlm rhe highest placed Year 12 srudentl for his essay in the Foundation for the History ol Totalitsrianism 20221-22 E553y Prize Competition. 15

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 171 lower fifth pupils took part in the Biology Challengè (Precursor to the Olyrnpiad} this year. Only the top 5% get Gold. and this year 20 of our pupils were awarded this accolade, WlLh 38 achieving silver, and 15 awarded bronze. A lower filfh pupil won the British U14 chess championship, and the A team qualilsed for the U19 National Chess finals. The Eco-committee at King's v<as &warded an Eco-schools Qiree17 trlag WlLh 015tinctsQn. Nine junior School boys won senior school academic scholarship5 and seven 3150 Won awdrds in music and Sport. Boys leaYiTrg Wimbledon ComMon Preparatory school all achieved entry into high qualiry junior Schools, including nineteen who joined KCIS. In Mathematics, $19 boy5 {mostly Third Form and half of Second Form) took part in the junior Mathematical Challenge (aimed at Year 8 pupS1s1. 27 boys received bronze awards, 45 silver and 17 gold. 9 boys made it through to the bonus round and 4 were awarded a merit One boy only Made one error. For LAMDA Ispeaking verse and prosel 43 boys look part gaining I I merlts and 32 distinctions. At the Wimbledon Bookfest. 6 junior school boy5 wer• erjmmpndpd rjr hlghly tommÈndÈd for th￿r contribution& Music. Art, Drama, Sports and other achievements Muslt The au¢urTrn tcrm 2021 came a3 a fcfiel to Kins 4 mu- aè wewèro Ablo co rèform •ns•mblos #nd thoirg 2fter <i8htprt months of cov+d-related disruption. It was wonderful to have live audiencès back in the Concert hall and pupi15 have appreciated the 5LlPPQrt and encouragement this brings. However, even the lost rncnths couldn't stille the Success seen by many. e5peclally iii dipluiiids ¥J&iiilTiaiioiis. One lower filth pupil saincd th¢ PfQ3tigiOUS LRSM diploma lor Volce, while another successfully passed their ARSM Y4ith distinction on both flute and saxophone. Five further pupils gained diploma5, Including two of DIPABRSM level, whils1 three pupils secured plares the National Youth Orchestra of Great rit&in for 2022 a very considerable a¢hievÈmenc Indeed. During the year, the chambèr choir sang in EvensoTrgs both locally and in Guildford Cathedral, St Paul's Cathedral and the Chapel Royal, Harnptots Court Falace. During the Easter holiday, the choir enjoyed their firs£ cour for rwo and a hall years, as they travelled across the Solent to sing in churches ID Carisbrooke and VentwKK on the Isle of Wight to great Critical acclaim. There were three excellent music scholars, re£It￿S over the year, showcasing Some of the finest talent. Competitions for bra55, woodwind. string5, piano. organ and singing have been held with impressive 5tand3rds of performance Lhroughout. Soloists were 2150 involved In notable performances in the middle school and sixth form house music ompetitions. Meanwhil4 the lower school. held their own Young Musician competityon. Due io Inclement weather and covid, there has not been live music at Fireworks since 2018. Thi5 year, the big band and two senior pupil bands had the opportun¢ty to take to a newly-5ited stage 2nd the 5pecEators were not disappointed! Jazz Club returned in all 115 forrner glory. This y@3r the st3ndard was truly extraordinary. with over hill the band being vpper sixth members. We were royally ¢rea¢ed to some siuTrning playing from long-serving musicians, in a night LO remember. There have also been band showcase events, allowing the sax quarLeL &J)d several pupil bands to tske to the stage and devdop their protnising talen¢s, as well as the annual Ba¢rle ol the bands. All three orchestral concert5 featured the wind, ¢hamber and symphony orchestras. Concerto performances Tncluded 5aint-$4eii& Violiii Concerro and Liszt's Nano concei-co no l. These werc pcrformances OF incredible technical skill and musical arristry. The sutNmer rerm concert included a first in a l0SnL perforniance by sinfonia and symphony orchestra. The combined ensemble broughE rhe concert to a rousing conclu51on In Holsi's Mars from The Hanet5. Other events this ye&r included a voice and piano recital featuring excellence in both solos and duets. The￿ hive ilso been severdl wnascerclasse5 including lor pianists, cellists, singers and chamber musltians, all from world-leading experts. Some of these were followed by recitals showc￿lng the work ol puplls in some memorable perforfflance5. Three main èxtsrnal Co￿ertS took place during the year. Ten music scholars Eook part in a concert in Stjohn's Church, Wimbledon as part of their regular lunchtime series, with so105 2nd ensembles feitvring in an iMp￿sSive overall standard of perforrnances. Coro, Kings 9 and some invited mu51¢ 5cholar5 performed In a very special concert in Winehelsea as part ol their long-running Arts lestiwal on a Sunday afternoon in March. to an enthu51aStic crowd of supporters. There were some ot1ts￿ndlTrz performances from boch the choir and instrumentilists. The much-anticipaced Christrnas concert was again held in St james s Piccadilly in early December. As usual, the chamber orchestra joined the chamber choir for a feast of seasonal music in this central London venue. 16

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 All in all, th¢5 ha5 been a superb year and one in which our Lws and girls can be jus¢ty proud of their musical achievements. The junior school continue5 to offer a broad curriculum in class music wirh pupils belng educated in a number of music- relaied disciplines such as muslc So￿ware programs, both notation and sequenting, muslc theory. music history. and prattical. The extra_curricular musi£ program is equ311y extensive with 14 ensemblÈi and mus¥t clubs offered to Rii%hmEre and Priory pupils, alone. This doe5 not include orchestral instrument recruitment schemes. tllasterclasse5. concerts or competitions which run throughout the year, or the 250+ in5trumenial lessons which take place each week. Both rJApmic class miigic and th4) L¥trI￿￿rric￿l1r programm• cat•r lor boys of all ability. It wa5 terrific to end Autumn 2021 with thelunior School exhibition back as scrong as ever. The 2021 exhibition, entitled 'Wild alld Wonderful,, displayed work that Ilved up to the exhibiuon's ¢heme. Showcasing the work of all Junior school 5tudeiits aiid iiivolviiig all iiiviiibw s uf Lliv dl L d¥ydi iiiivii4 d Yiurkd¥r-vus iri&tslldutJli CO￿￿[rUcie￿ In Ihe Colman Theatre- which was & new direction for the department. This wa5 pulled together with additional help from the Drama department and technical support from the Design and Engineering department. Although during chis lime. due to coyid restrictlons, parents were not 311owed into School, everylunior school student and alllunior School teaching stalf managed to see the show. Addition311y. a Short video was made for parents so that they could a150 see what wa5 created. In the SprinE cerm the Lower School had its inaugural 2rL exhibltion in collaboration with the Music department. The exhibition was situated across both the M￿s￿e building and Reeve building with superb catering supplied by the school. All boy5 In years 7 3nd 8 exhibited work based on a variety ol theme5 ranging from landscape TO Portraiture. Covid restrictions had relaxéd by this point. so finally parents were able to come into King's co set what stvdents had achseved, This was an extremely succe5slul event wich over two hundred tickets sold. In the Svmmer term Fourth Form art students had a food themed exhibitiors in the Cotman gallery. Beautiful ceramic5, large scale Pop Art sculptures and highly sen51tive Cezanfte Insplred still 1Sfe p&lntinR5 were amon£sr the work on display. Alongside enjoyinE VIew￿ng the artwork land the donuts provided) SEudenrs had the opporiuniiy to vote for their favourits pieces of 3rt. The nominated s¢udent5 were awarded prizes. The Lower Sixth, who have not historically displayed coursework, held an exhibition in the Autumn term for their tutors and teachers in the senior school. Staff received a tour ol students. work over an informal lunch. In th@ SILmmer term we had our GCSE. IB and A levèl exhibirion in the Reeve School. The art on show here was the culmination of two years, work by our students. Although hit by covid in their first year, the work wa5 as strong as ever in terms of imawn¥Jtion. cr43tivity ind t•chnical skill. King's art oxhibition$ d4mtsrtEtrAte great indTvidual creativity and this certttlAIy came through in the superb crop of outcomes in 2022. Our online platform for showing art- a Sway gallery - continued to develop throughout 2022 and provided additional content on a weekly basis to a wider audience. 2021-22 meant we tould eventually get fully back ¢0 5wdents v551ting exhibition5. In the Spring term Year 7 visited the Warner Bros. Harry Potrer studio tour. Students got to explore the film industry 'behind the 5cer5e5' and witness the Inulucude of i'oles ai'tists aiid desigriers cali Dccupy. In the sixth Form. twelve exhibitlOT15 were atreF5ded across rhe academic year. These took place after sehool on Fitdays. Having such close access ¢0 major London exhibitions is a huge benefit to our students as part ol their enrichment programme. The first exhibition of the year was the coTrternporary Kenyan artist Michael Armitage at the Royal A£ademy and the last was our Old Kings alumni Walter Sickert, A5 additional enrichment for our sixth form students, 10 alter school life drawing evening sessions were provided across the year as a crucial way ro extend drawing ability and observational skill. In November 2012 artist in re5idenceleanette 8arnes worked for a week with students across years 6 to 13. Workshops here included portraicure and architecture and focused on drawing and painting skills. Numerous competitions and evefirs took place over the course of the year. In the Autumn torm there was a King's In￿rnatiOnal Schoo15 photography competition. As part of LGBTQ+ awarenes5 week students in the Lower School took part in an inclusivity, equality and diversity art event. This involved i colourful mass origmi construction which was displayed in che Cotman Gallery as well a5 a live draw event. Furthermore. as parc of Pride VVeel< there was a Lower school competition io redesign the school logo as a Pride p05ter. The winning entries were awarded prizes. In the Spring term there was a Lower School photography competition 3nd 3nothEr Lower School photfjgraphy competicion in the Summer term was based on the theme of mental healih and isolation. The Lower School House art competition hail miny gre2t entrie5 and the winntng art piece was used as the cover for the Lower School planner. The Senlor School House art competityon ran in the Aurumn term and also two Senior School House live draw competitions for the Fourth Form and Lower Fifth ran in the Summer term. Art studènLS in thÈ Sixth Forni helped to organi5e and run these House drawing evenES. The Friend5 of Kings Christinas c3rd competition lor adverttsing the Christmas Fair wa5 launched in the Summer term and all boys across both lunsor Senior Sehools were eligible to enter. The qvality of entries was veiy hlxh.

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 JULY 2022 Throughout the year the Art department continued to offer 3rt clubs during lunchtime and after school including anirnation, photography, graphics and 'anything' art. Thèse clubs provided enrichmeni lor all year groups. The Lower School phocography club would regularly capture sporting and House events. The Portfolio club for Lower school students a150 had art scholars assisting with delivery. On a daily basis from Monday to Thursday GCSE and Slxth Form students, in particular. used the art department's facilities during lunchtimes and 3fter school aided by their art teachers. The Art department m2intained its involvement with CCA Community Parinerships. Students in Art and Physical Theatre CCA worked with local primary schools. culminating in a superb Produ￿0￿ at the end of the year. Students on the CCA Drawin% ToRether created excityn% art projects with local primary school children. The Friday afternoon Art CCA also offered arc space. time and insti-uction lor th95e 5tudent5 wishing to study ari bu¢ no¢ able to take up the opportunity at GCSE or in the Sixth Form. At the end of the Summer term the Art dep3rtment was delighted to offer trt lessons to Ukrainian students in Wimbledon who had not yet established their Schooling. The Open Doors proiect was the last project of the academic year.. in the first full week of the summer holiday a number ol students and some Art departmenr staff, in collaboration with music and drama, worlced towards a vibrant produccion of rhe 'lce Queen. with year 4 and 5 studgnts from lotxl prlm2ry schools. Drama Co-curricular (Senior) A Ld&L diid Lr vf L￿￿lILY-Lw￿ SiXLli tvl-mei-s presented a dynamic thea￿lC￿l version of Hard Times, odap¢cd by Mr Trapmore from the novel by Charle5 Dickens. The company adopted a bold physical style to tell this tale ol the vexed relations between parents And childr?n. workers and factory owners, facts and itnagination. The adaptation and performance were ab501uTrly excepilonal. dellyerlng a full-lengEh perforfftanEe Df hlxliest 4udliLy. Tliv HuiiLlILTr¢lLk uf NVLI ¥ Dame involved 35 cast members, 9 band members, 9 tethnlcal crew and 2 production team students, together malcin8 this one of the most collabor2tsve. creative and courageous venLures of recent years in King'5 Drarna.. five unbelievable performances, several standing ovations and a host of awestruck audience metnber5- all the staff on the production lelt incredibly privileged and humbled by the Students, passion, generosity and dent. "The besi ensemble show I've seen in years- truly it is likè the West End." The HoLtse Play5 Fesiiyal proved an knsol*Jce triumph ol passion and perseverance, as the creative work of l 00 students raced the diretted. designed, produced, adapted and performed by the talented Students of L6th, 5th form and 4ih form, che Six tw¢ncy minute plays showcased sparl¢ling ulenc and invencion to the delight of all. Kingsley's Good Will Hunvng showcased sever31 powerhouse performances in an incredib5y emotional journey of psychological damage and healing. Alver5tone'5 Journey's Eod was a trivmph of thoughiful direction, creative design and the poise and specificlty of the lull ensemble. Glenesk's Community brought some joyous anarchy to the Stage a5 an ensemble of misfits find themselves stuck in a ruom. Lay¢on's Murder on the Orient Express fea¢ured everyone's lavourite Belgian detective PolroL b2ttlin8 Against a host of deceitf￿1 tharactÈrs. Maclear's History Boy5 was a great injection ol energy. pace and hilarity. Major closed the evoning with a beautilully crafted ensemble celling ol Steinbecl¢'5 classic Of Mice ind Men. We were delighted to welcome back a panel of OK judges this year who during their cime ar s£h¢)ol had been heavily involved in both curricu13r 3Trd co-ttsrricular drama in the 6th form, and went on to pursue variou5 dramatit pursults. They delivered the following awards.. Best Ray to Major, for Of Mice and Men., Best Performer to Raph Henrion (Kingsley) for Good Will Hunting,. Best Direction to jonny VVoodnutL and Mya Downing (Alverstonel for journey's End. The Community Production group5 had been devssing and rehearsin8 enthusiastically towards chc pcrformance of l 00 l Nights- with many parrnership schools and King's student leaders Collabora￿￿8 with each other in so many sl(ill ire3513Cting, tnovemenr, singing, in5crumental. art, design, composition, scripc wri¢ing and devlsing and many morell it proved to be a real spectacle of an evening. and a true celebration ol credtive collaboratsoii. In April, 26 pupils reunlted to perform 8 20 Minute montage from November's epic Senior Musical, The HvTrchback of Notre Dame in honour of Andrew Halls. to whom the Concert Hall was being dedicated. The 51udenis enthralled 2nd amazed an audience ol deligh￿d fellows and esteemed guests. 'Absolutely excraordinary.. {Christopher Luscombe, OK and prevlous director lor RSC and National Theatre). The lower and mlddlo school drama clubs and technical theatre Elubs came together lor the first time to present o collection ol tales insplred by the mwcal and olten macabre 5torles of Roa1d Dahl. Over ninety pupils collaborated in Ihis incredible undert211ing, presenting seven delightfully darl( pieces of theatre. The packed 2udience5 were treated to The Witches, The Landlady, Genesi5 and Catastrophe. William 2nd Mary, and The BFG Ilrom the lower school), followed by Danny Champion of the World. and an oriynal piece based on Dahl, own life called The Gardef) Shed {Irom the middle schooll. Each piece was collaboratively devised, designed, perforfned Ind 5tage-managed, and in some cases, entirely written. by the pupi15 themselve5. For the firsi time ever. the Middle School and Lower School have collaborated on a musical production, with over 90 students aydityoning for a place, and a large company of 55 talung part as actor5. mv5icians and techntcal crew in Matilda. It ha5 been inspiring to See students from lour year Rroups working sts beautifully together on this production to bmngforth the play1￿1, Nwcked, hEart-breakln& 18

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 joyous, and wonderfully imaginative story. The SrAth Form Play this year is Ike and M3cmillan'5 adaptation of Orwell'5 chilling classic. 1984. The talented cast and production team worked incredibly hard to brin2 this complex and thrillin¥ tale to life. The annual improvisation competition, House Line is it Anyway! Saw Maclear achieve victory with their quick wit and anarchic playlulnessl We were thrilled that rhe Open Doors projett rewrned to the Theatre In July. wlth Harrlet Feeny directing x production hlp.nding drAm2. A2￿r￿.. mii%ir arr tn ts_ll A wnndprfijl EtCJry' Etiidp.nr% frrjm Kin8'É 2rtivpl¥ led the projecL mentoring and performing with the partnership primary school pupils in a fabulous week of drama. In Augu$L KCS ThèJtr• Co. retur110d to the Edlnbur8h Frin8e With a now produttion directed by Davina knron and dévisèd by rhe company: Dorian is a striking and stylised imagining of Oscar Wilde's gothic masterpiece, and it proved an incredible success, with councless S s￿r review5 and sell-out audien￿5. The production used thrflling drama, daring movement and original music composed performed by the Jtudents to bring thi3 viscetal tale ola man's dark d¢scent to life. Reviewers had this to say. A mffjni ma5Lerpiece - 5 star51" 'Many have tried.- this adaptation 15 one of the best." 'Leaving after 25 shows, but this one will be the one we are still talking about." We reLurned with the production io ghe Collyer Hall Theaire for a flnal two 5ell-OUE show5.. a profe551onal fllm wa5 made of the Produc￿On, arid an orlglnal cast recordlng album has been released on ITunes and Spotlfy- Many drama clubs have been running throughout the year, incl(tding Lower School acting an¢J technlcal desgn clubs, 4th form dr2ma and cechnical clubs. and KCS Theatre Co. Devising and New Writing clubs lor speci21isi dramatists in thè 6th lorm. Co-curricvlar Uuniorl In the autumn term, the third form were all involved in our annual Remembrance A55embly. using a rnix¢ure of acting, mime and dramatic prose and poetry reading5 to explore and remember the ways in which anima15 have been both heroes and victims of war. The pupils drew inspiration from War Horse ind Shadow by Michael Monpurgo.. researched the ways in which communitie5 relied on animals both before and after the war to make a beautiful slide show of historical images,. and wrote their own poems to express their thought5 and appreciatton lor the anima15 who have helped our armed fDfces. In the spring term, puwls from both the second and third fomi undèrtook Sondheim's Into the Woods. a daring 2nd modorn loo1¢ at traditiontsl falrytale.. Thc roptsrEcd cnjoying the rchcar s¢tting to l" They devised a wide range of responses. dealing very sensitively and mitsjrely with the MI￿rI￿. Ind working bÈxutilully together ro perform tsd design four or(gin741 piece5. Tl)e IB DP Litsrature and Performance pupils presented a showo5e ol their drama work. It be83n in the Drama Studio with the upper sixth, who staged Unquiet Slumbers, their atmospherici passionate and physically invcntivc'rranslorrnation, of the novel Wuthering Height5 by Emily Bronte. The lower sixth then launched into scenes of bickering love rivals from Sh2kespeire's Much Ado About No¢hin& The action spilled out of the Drama Studio, into the Internarional Garden and across ro the Cotman Gallery, with rhe audlence pi-otnentdlng in pur5UltI After some la5hmob Swing dancin8, furLlier hilarious scenes of slapstlck played our in the theatre, which was beautifully decked out to suggest the glitz and Gatsby- e5que glamour of the roaring twenrie5, 19

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Our super theatre technical teatn devised an exciting new challenge for our fourth form Drama pupils as p3rt of their introduction to technical theatre this cerm. The pupils were presenod wich a provocatsve and menacing stage environment and a 'menu' of Sound elfetts and Ilghting States. The pupils creaied and pertormed 5horL original scenes In response to these design elements. as well a5 tryitig their hand at drawing up accompanying lishring and sound des￿n. The upper filch GCSE Drama pupils presented their examination scene5 in Collyer Hall at the end ol April. They perforrned extract5 from celebrated. challenging dr?matic texts with great commitment, plunging the audience Into interroption rooms, the tense world ol hit-men, dystopian futures, a poker Aame and the biclcerings of the metropolitan elite. The A-level devising group's adaptation of Dorian Gray brings ro life the darkness of ihe lafe-viciorian ern in the grotesque and unnerving style of Steven Berl(olf, providing thrills and chllls in equal measure lor an enthralled audience. Tiickpd AWAY in thg. intimxte And tnoudily-lit Drama Studio. away frorn the blazing 5un5hine and lunchtime bustle. the lower fifth GCSE Drama pupils performed scenes of grief, arnbition, fear and datnnation from Doctor Faustus by Christopher Marlowe and A Monster Calls by Patr5ck Ness and Adam Peck. We were also Yery lucky to be ible to take Eenior acadmir dYdmatitt£ on thr•4 trips of notg.. Punchdrunli'g immorgivo Burnt r.iry. Th• fiA<E Mpnagprip. Jerusalem. starring Marl¢ Rytance. Sportg It an unprecedented year for sport at King's- a result of the pupils, and staffs. handworl4 r2relul plannlng, and the conilnued Excelleiii Use uf Llie slill y Ii¥Yrf syur c& LVIILI v. FiivLball ail-oss boLh Ilie luiiioi- and sen￿Or School has gr￿￿ In numbers and trophies. The Under I IA team won both the Surrey Plaie as well as the West London ISFA regional round 10 qvilify for the national finals at 5t George'5 Park where they were bear by che overall wirbners in the quarter finals. The school 1st Xl were London Cup winner5 and Trinity Cup runners-up, wirh The 2nd Xl winnlng rhelr Trlnlry Cup fin31 wirh only 10 men. Withtn the school. we still have one pupil playing at the Fulham Academy and one pupll who made selection for the ISFA U15 England South squad. Rugby a150 shone ai the school last year with a record I I pupils at both Londors Irish and Harlequins academies respectyvely. The U14s won their 5urrey Is tournament and the I st XV tnade it all the way to the National Plate final at The Stone-x Stadium where they were sadly beaTrn by Stowe School. In thelunior School, thè U I I s wei'e unbeaten at both the Rosslyn Park 7s and the Surrey Rugby Fesiivil. as well as the U105 achieving the same feat at Iheir Surrey Festival. The summer term perhaps produced the most accolades where cricke¢ ténnis, and rowin2 all took the limelight for the school sport programffle. In iennis, che U I I s, U125. U135, and U14s all won their SLtrrex League comperitions. It Wa5 fabulous to see cricket realise its potential wlth our Under I SAS winning the County Cup the Surrey T20 Competition. and therefore qualilyng for the national finals in Essex. The Under I l A5 were equally successful winning both the Surrey Cup and the Surrey Prep Schoo15 Cup. The Under IOA5 won both ihe Dane5 Hill 2nd Reigate Grammar 6-3-5ide tournamen15, wlth the Under 13As ilso winning their Reigate Grammar 6$ tournament. We currently have ten pupils who are training and playing in che Surrey PÈrform2nce grotip, whirh 2g3in 1% xnother record for the school in terms of county representation, with one pupll playing in the prestigiou5 Bunbury tria15. On the water, the school I st Vlll achieved a bronze medal at the N3tional Schools, Regatta and then 'm3king the weekend, at Henley where they were narrowly beaten in the 5cmi-fina15. The coxless IV won a gold at the National Schools, in the summer there wa$ a flurry of International competition for King's rower5 with oRe pupil winnlng a World Championship gold medal for Great Britain. Basketball has seen wonderful numbers and with that has come success on the courLS Wlth the Under 185 winnln8 the very toygh LISBA competicion and the Under 14s tinishing runner5-up in their aEe category. Badrninton's increasing popularity amongst King'5 pupi15 saw a school doubles pairing take second place in the Suriey tournament,. we have nationally ranked Under 14 800m rvnner.. and a pupll compeElng ro a national level in judo. Development office report Approach King's College School 15 committed to maintaining the highest srandards of ethical behaviour in lundrai5in¥ and alumnl engagemeni. Fundraislng 2021122 saw total donations of £2.565,000 {2020-21.. £1,012.000). ol whid) L487,00012020-21: £771.0001 was lor bursaries and £2,02S.000 wa5 donatTrons from legacies. The remainder was for renewal of the school 5iTr (music and Sport particularlyl but also for our partnership programme. 20

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED JI JULY 2022 Fundraislng code of practice No professional fundraisers carried out any fundraising acrivltles on behalf of the School during the year. The School is form￿lY reglstered with the Fvndraising Regulator demonstrdting our cotnmitmert to 'good fvndraising pracLices'. The School a150 adheres to the Code ol Fundraising Practice and is 3 member of the Institutè of DÈvÈlopmÈni Profes<ion31s in Education {IDPEI and CASE Europe (Council for Advancement and SupporL ol Educaiionl. There are no instances to report of the School failing to comply with lundraising standards or schemes for fundraising regulation and the school e¢eived eornpl#lTht5 about it% fundraisfn8 Activity durin8 tho yoar. Th• School adh4roÉ to thè GorJ•r21 Dlts Pratèeti•n Règul&tSon IGDPRI. whlth came into effect in May 2018. REVIEW OF FINANCIAL ACTIVITIES AND RESULTS FOR THE YEAR The Corporation alms to generatr a surplu8 ¢0 finan¢e the ongoingcapital expenditure needed to upgrade the educational VI YIL¥) &iid fdLTliii¥b SV LlidL IL Lélll Lullllllue tv vifEr- LlTrE Iii¥li yuality educdtioii eKpecred Trf the scliool5. The budgeted operating surplus wa5 11.0% and the Corporation achieved 17.0% or £5.777m {2020.21: 12.6% or £4.021 m}. This Is ijriyen partly by lower than expected use of contingencies. ttght C05t control 2nd higher than expected other income. The wholly owned subsidiary and trading company, KCS Enterprises Limited, continues to manage the letting Ind hirin& of facilities at the School. For the year ended 30 April 2022 the trading company has made a donation under &"ft aid of £565,000 {2020-21: £33,000) which w2S thè bèst pèrftsrmance recent years and betcer than budgeted. The wholly owned 5ub5idiary and trading company, KCS Wimbledon Ilnternational) Limited, continues to manage rhe Corporation's overseas schools, projects. For the year ended 31 st july 2022 the trading comp3ny made a profit of 2.024m {2020.21 £1.891 rn) and gift aided £2.028m to the Corporation. There was no impacr on incorne as a result of the pandemic. Overall, the consoli(iited Income for the year wa5 £42.773m 12020-21,. £37.745m up 13.3%) 2nd expÈnditure £35.462m12020-21.. £33.31 I m, up 6.5%) producing net income of £7.31 I m12020-21: £4.434ml. Bank borrowing is at £1.771 M {2020_21: £4.376ml. RESERVES POLICY At the end of the year 2021122. the Corporation had totsl reserves of £79,622k. Of these fund5. £IOk related to endowment funds. £3.379k reflects unexpended restricted funds where there are donor-imposed re5¢ricclons on how the lund5 Are to be applied, and the School has ch05eti tv de5ignaie fund5 of £6,287k. The remiining unre5¢ricced funds amovnr 10 £69,946k A5 wich many independent schools, King s works toward5 an agreed 5tratsgic development plan 2nd has continued. over the years, to invest in the fabric of the school estate. The net book value of the tangible fixed assets, less loans taken out to finance these developments, amounts to £66,335 at ¢he year end. A policy ol site improvemenc can result in positive or negative free reserves. dependent on the timing of capital projects. Pension reserve revaluations year On year will also impact free re5erve5. At the year end, the Corporation had positive free reserves of £3,61 I k. The governors do not consider (ree reserves bul adopt a s¢rategic approach ¢0 ensure that the medium to longer term strategy of the schoDI, incorporating both development and operational cash flow reqtsirements, are monitored regularly through the relev2rt committees and ulttmately by the Board. At the y￿r end, the governors are content Ihar the reserves and cash position is in line with its strategy and sufficient headrotsm is available 10 manage the day to day operdtions of the school. Restritted funds are used as &Ét out by dctnors. Where thB dlr8r.tion is not spg.citir, re4tricred ￿lTs￿rY fiinding is 115ed at a rate thac minimi5es use of fee income without affecting the long-term sustainability ol the bursary fund. Restricted project fund$ are ¢Jsed for specific projects as they ottur on thè soonest 8pproprr&te projett. Designated funds arÈ usèd as the spètific p￿lect/￿tElYIty is undertaken. The hrgest portion of these funds 15 for bLJrsaries. 21

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 INVESTMENT POLICY AND OBJECTIVES The Corporation 5 pollcx, unless specifically instructed otherwise, is to credit cash trom all sources, Including the frees In Advance Icomposition) Scheme, to the CorporatlOFI'5 fflaln bank accounL This allows banlc borrowings and interest charges to be kept to a rninirnum. The lee dlscount rates offered on depositg inw the Fee5 in Advance {Comp95itionl Scheme are reviewed regularly. CAPITAL EXPENDITURE The Corporation has undertaken signific3nt major infrastructure capital expenditure over recent year5 to maintain che standard of the facilitie5 at the schools which culrnin3ted in 2019 with the opening of the new Sports building. C3pital expenditure in recent years h3s concentrated more on the upkeep of facilities and specific projeccs 3£hlevable within the zummgr projocts schedule. This hxg intludÈd 2 throÉ¥ y2r plann•A lipsr￿A￿ tn th¥ AV prnvi%ifJn in pArh rlAÉ£ranm. a mov towards mobile devices for tèathing sr2ff. i three year refurbishrnent of che Reeve building IArt and D&EI, continued refurbishment ol seience labs and the creation of a pupil wellare space close to the medical room and counsellors annex. The Iloodltghts al KinsdW&y hayc bcen upsradcd to LED and tht xhotsl Is looking to sink J borehole 2023 Jnd tha possibility of additional outside, carbon neutral teaching spaces. In july 2022, the school completed the refurbishment of Edge Hill for use by che new head with the Spencer Hill residence undergoing a minor refurblshment before renting the FUTURE PLANS The Corporation has an I[n￿.￿OUS development programme for both the delsvery ol education and the improvement of the infrastnJtture. A 5trategir planning processls underway but the Icey objeetlves for 2022123 are: To ensure all teaching and support space5 are of the highest P055ible qualiry meeting the needs and expectatyons ol our tèathing stalf and pupils. To ensure our estate is accessible and inclusive, carrying out adju5fmenEs a5 needed withSn ihe restrictions imposed by its age and listed statu5. Tc) pnÉiirp niir wnrk tn p.nqiJre the environmental sustainability of our infr3Structure and operation5 eontinues to support the school on ILS 5ustsinability journey. Continue to invest In improving our facilities through a comprehensive programme of planned maintenance worl(s and Specific CdPital investments. To respond ¢0 che changing digital landscape. To ensure thar equality. diversity and inclusivity are al the celltre of all King's does. To recruit. retain, develop and support high quality staff. STATEMENT OF GOVERNORS, RESPONSIBILITIES The governors are responsible lor preparing ihe annual ￿POrt and rhe financial statements in iccordance with applicable law and the United Kingdom's Generally Accepted Accounting Practice. The Corporaiion s Sratutes and the laws applir3ble to charitie5 in England and Wales require the governoi-s to prepare liTrancial 5t2temÈnts for eath financial year which Eive a true and fair view of the state of affairs of the Corporntion and of the profit gr result of the Corporauon for that period. In preparing ih05e finan¢iAI 5t3tements, governors 2re required sdect suitable 2ccountit)g policies and then apply thern ¢on51Stenily', observe the methods and principle5 in the Charities SORP.. make judgements and estimates that are reasonable and prudent,, prepare the financial statements on the going concern basis unless li is inappropriate to presume that the 5thool will continue in bu5ine55. The governors are re5ponslble for keeplng proper accounting records which di5c105e with reasonable accuracy a¢ any time the li￿ancIal position of the Corporatiorj and enable Ihem to ensure that the linancial statements cotnply with rhe 22

THE CORPORATION OF KING'S COLLEGE SCHOOL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Charitie5 Act 201 l. They 3re also responsible for safe8u3rding the as5et5 of the Corporation and hence lor taking reas055Jble s¢eps for the prevention and detection ol Irasjd and other irrezularitie5. On behalf ol the Governing Body Southside Wimblodon Common London SVV194TT Lord Deighton Chairman of the Governing Body 23

INDEPENDENT AUDITORS, REPORT TO THE GOVERNORS OF Tl Ic cofipoRATION OF KINCPS COLLEGE SCHOOL opinion We have audited the financial statement5 of Coi'poration of King's College School for rhe year ended 31 july 2022 which comprise Consolid2ted Statement of Financial Activlcies, rhÈ Grovp and Charity Balance 5hee(s. the Consolid2tsd Cash Flow Statement and the notes to the finiThcial statement5, includlng a summary of 5ignilicant 2ccounting pollcies. I he financial reporLlng fr3meworlc that has beefi applied in their preparatlon is 2pplicable law and Unl￿d Kingdom Accounting Standards, including Financial Reporung Standard 102 The Finoncial Reporting Stundord Opplicoble in the UK ond Republic of Irelond (United Kingdom Generally Accepted Accounting Practice In our opinion. the f+nancial statements.. give a true and fair view of the state of the group's and ol the parenr charlty's aflairs as at 31 july 2022 and of the group's net movement in funds for the year then ended., h2v& bAon prnpprly Pr￿p￿￿ in JfrnrAinrp. wirh LJnitp.d Klngdom Generally AetÈpted Accounting Practice.. and havè been prepared in iccordance with the requirements ol the ChariEie5 Acc 2011. BASIS fov opinion We have been appointed a5 auditor under section 144 of the Charittes A¢t 201 l and report in accordance with the Act and relevant regulations made or having effect thereunder. We conducEed our audit in accordance with International 5Ld11￿dl vii Audiiiiig (UK) IIA5 IUI<I) and applicable law. Our responsibilitie3 under tho3e 3tand#rds Arc Further described In the Auditor's responsibilities for the audit of the financial SV4tements sectiox of our report. We are independent ol the group in accordance with the ethical requirement5 that are relerdnt to our audit of the financial st3tement5 in Lhe UK, Includlng the FRC'5 Erhical 3randard, and we have fuifillEd utliei- eLIIiLdl iebyviisibiliiiv) lil accordance with these requirements. We believe chai the audit evidence we have obtained is sufficient and appropriite to provide a basis for our opinion. Conclusions rèlating to going concern In auditing the financial s¢aremen15. we have concluded that the Governors, use of Lhe golng concern basis of accounting in the preparation of the financial statements 15 appropriate. Based on the work we have performed, we have not IdentifiÈd any material uiicertainties relating to events or condityotts that, individually or colleciively, tllay c&5t significant doubc gn the gro¢Jp's abiliy to continue as a going concern lor a period ol at least twelve months from when the financial statements are authorised for issue. Otsr respon51bilities and the responsibilities of the Governor5 with respecr to going concern are deKribed in the relev￿£ 5ection5 of thi5 report. Other information The Governors are respotTrsible for the other information. The other Snformatlon comprises the information included i the Repore of the GovÈrning Body. Our opinion on the financial statemersts doe5 not cover the other informaiion and. except to the extent otherwise Èxplicitly stated in our reporr we do not express any form o( assurance conclusion thereon. In connection wilh our audit of the Ilnancial statements, our responsibility is ro read the other information and, in doing so, consider whecher the other Information is materially incons15teni wlth the financial statements or our knowledge obralned In the audit or otherwise appears to be FiidtLI'ially tnissoted. If we idelltify such materlal incons*s¢encies or apparent fflaterial misstatements, we are required to determine whether there is a rnaterial tnisstaremÈnt in the financial 5tatemenEs or a material mi5Statemenc ol the other information.11. based on the work we haye performed, we conclude Lh3t there is a material misststement of thi5 Other information, we are reqtsired LO report Lh3L lact. We have nothing ro report in this regard. 24

INDEPENDENT AUDITORS, REPORT TO THE GOVERNORS OF THE CORPORATION OF KING'S COLLE.GE SCHOOL (Lviiliiiuvd) Ma¢¢er5 on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charlties (Accounts and Keports) Regulations 2008 require vs to report to you if. in our opinion.. adequate atcounting records have not been kept by the parent charityi or sufficient accounting records have not been kept., or the parent charity financial statements are not in agreement wich the actounting record5 and returns.. or we have not received all the inlormation and explanations we require for our audit. ResponsibilitÉes of GovÉneJr4 far thp_ fin2nri21 tr%tr¥¥monts As explained more fully in the Governors. restx)n5ibilives scatement on page 22 and 23. the Governors are resptsrtsible for the preparation of the financial 5tatement5 and for being satisfied that they give a true aFtd f3ii' view. and lor such internal control is tho Gov&vntsrs d•t9rmine i& neceÈ•iry to cnablc thc prcpllrAtion tsl finanei813eJtement5 that are free from mareNal misstatement. whether dtse to fraud or error. In prcp4rin& the financial Jtatements, the GoYernoi-5 ai i-E5poiisible 191 IWVJ)iiix Lliv ¥r uuy'& drid tlie pareni chartry'5 ability to continue as 2 goin8 concer￿, di5closin& a5 applicable, matter5 related to going concern and using the going concern basis of accountyng unless the Governors eiiher intend to liquidate the group or the parent charicy or to cease vy¥i duvii&, vr Iitiye iio retilisilc al[erna￿ve bui ro do so. Auditor'5 responsibilities for the audit of the financial statements Our obiectives are to obtain reasonable assurnnce about whether the financial 5tatement5 a5 a whole are free from material misstatemeftt, whether due to fraud or error, and to issue an auditor's report that includes our opinlon. Reasonible assurance is a high levèl of 455urance. 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 ihe ￿rega￿. they could re359nably be expected to influence the economic decisions o( usèrs taken on the basi5 of these financial sta￿Ments. Based ort our understandlng of the charitable company and the environment which it operate5, we identified that the principal risks of non-compliances wilh laws and regulations related to Ihe regulatory requirements of the Chxrity Commission, the Independenc Schools Inspectoratè {ISII. health and Safety requirements. GDP and, employment law we considered the extenc to which non.cornpliance might have a miterial effect on the financial statements. We also tonsidp.rg.d thn%9 IAW rpgiilAtinn< that h2vo a dirÈcE imP#¢t on th• praparation of tho fin#H¢ial statements euch a the Charities Act 2011, Charities SORP (second edition, effect l January 20191 and consider other faccors su¢h ai payroll taxe5. We evaluated managèmènt's incentives and opportunities for fraudulent manipulation of the Ilnancial statements (Sncluding Ihe risk of override of contro151 and determined that the principal risk was related to the recognition of voluntary income and mana8ement override of controls. Audit procedure5 perfornied by tlie engdgeinent teatn iniluded.. Enquiries of management regarding correspondence with regulators Dnd rax authorities,. Discussions wlrh management including consideration of known or suspected instances ol non-compliince with laws and regulation and Iraud,. Reviewing relevanc mIn￿ceS of meetings held during the tourse of the year., Evaluailng fflanagernent's controls designed ro prevent and detect irregularities-, Reviewing and testing journal entries made in the year. particularly those made a5 pw of the year end financial reporting process,. and Challenging assumptions and l￿dgementS made by m￿agernent in their critical accounting esrimates which comprise depreci&tiort. bad debt provision. accruals and deferred income. Because of the inherenr limitation5 of an aud1¢ there is a risk that we will not deiecE all irregularities, including th95e leading to a Materi￿ misstatement in the financial st3ternents or non-compliance with regulation. Thi5 risk increases the mare that compliance with & law or regulatlon is removed from the evencs and transartions reflectod In the financial statements, as we wlll be less likely to become aware of instan¢es of non-compliance. The risk is also greater regardlng irreEularities Dccurrlng due to fraud rather thar7 error, as fraud involves intentlonal concealment, focger¥. collusion, omission or misrepresentatlon. A further description of our responsibilities for the audit of the financial statements is located on rhe Financial Reporting Council's website aL' www.frc.or .uWauditorsr This description lorms part of our aud(tor's reporL 25

INDEPENDENT AUDITORS, REPORT TO THE GOVERNORS OF THF CORPORATION OF KING'S COLLEGE SCHOOI {rrhntiniJp.d) Use of our report This report is made solely to the charl￿& Governors. as a body, in accordhfice with section 144 of the Charities Act 2U I l and regulations made under section 154 of Thar Acr. Our audli work lid5 iJ¥¥ii uiiJyi (dkeii so Ih&L we misht Jtate to the charity'5 Governors ihose matters we are required EO State to them in an Auditor's report and for no other purposè. To the fullest extenr permitted by law, we do nor accept or assume re5pon5ibility to anyon¢ other than the charity's Governor5 as a body lor our audit work, tor thls report, or for the opinion5 we have lormetj. Haysfflacinwre LLP l O Queen Street Place London EC4R IAG rJtilt¢)fy Aiiditars Daw 9 December 2022 Haysmacinryre LLP is eiigible to att as 3n 2uditor in tèrms of section 1112 of the Companies Act 2006 26

THE CORPORATION OF KING'S COLLEGE SCHOOL CONSOLIDATED ST14TEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2022 Unrestricted funds Restricted and School Designated Endowed Funds £'ooo £'ooo £'ooo Total 2022 £'ooo Total 2021 É'ooo Notes INCOME FROM: Charitable activitiès Tuition fees Ancillary income Other trodin£ activities KCS Enterprises income KCSW Incernational income Ihvestment$ Donotions 34,079 2,043 34.079 2.043 32,215 1,461 1,289 2,685 28 107 1,289 2,685 29 2,649 632 2.338 20 1,079 2,025 517 Tntrxl Inroryl 40,131 2,025 S17 42,773 37.745 EXPENDITURE ON: fund. KCS Enterprises costs KCSW International costs 703 627 703 627 180 590 418 235 60 rIF￿￿￿e aiid otliei" LQSCS Fundraisln¥ tosts 1,303 Charitoble a¢tivities School operating coscs and grant-making 33.019 812 33,831 32,008 Total expenditure 34,650 812 35.462 33,311 Net income before transfer$ Transfers between funds 5.581 28 2.025 12951 {281 7.311 4.414 19,20 Net income 5.609 2,025 {3231 4.434 Investment property gain / Ilossl Other Inve5tmen¢5 gain I (loss) Pension seheme actuarial gainl (loss 466 466 (5) 3,241 15) 3.241 Net movement in fund5 Fund balances at l August 2021 9.316 2,025 {3281 4.546 60,630 4.262 3,717 68.609 64.063 Fund balances at 31 July 2022 69.946 6,287 3.389 79,622 68,609 The Corporarion's endowment funds amounted to £ l Ok a5 at l August 2021 and 31 Jijly 2022, therefore rhe net movement i funds presented above also represents the group's net income for the year. The parent charity's gross income For the year was £41,453k (2021: £3&712k} and its net intome wa5 £7.317k12021.. £4,409k). Comparatsve information for the ststèment of firTrantial activities 15 given in Nots 25 to the accounts. 27

THE CORPORATION OF KING'S COLLEGE SCHOOL BALJkNCE SHEETS AT 31 JULY 2022 Group Charity 2022 £'ooo 2021 £'oou 2022 L'VUV 2021 £'uoo Notes FIXED ASSETS Tan&￿ble Investment in subsidiarles Other investments 10 68,106, 71.413 68,102 72.407 J,Y46 3.946 72.OS2 72.413 72,048 71407 Debtor5: amount5 lalling due after one year 13 482 CURRENT ASSETS Stock 136 1,991 16,357 139 Debtors Cash and cash equivalents 13 4,539 13.n8 3.067 Il551 14,483 18,484 1 S,820 18,267 15.618 CREDITORS: due within one year 15 6,293 8,687 6,087 8.503 NET CURRENT ASSETS 7,132 TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: due after more than one year Pension fund deficit 84,243 80,028 84,228 80,004 (3,5831 {1,0381 {7,140} 14.279) 13.5831 11.0381 (7,14L)} {4,279) NET ASSETS 17 79,622 68.609 79,607 68,585 Represented by: Endowed funds Re5rricted fuiids Unrestricted funds School funds Pension reserwe 10 3.379 3,707 3.379 3,707 20 20 70,984 11,0381 64.909 {4,2791 70,969 (1.036) 64.885 14.2791 69.946 6.287 60,630 4,262 69,931 6.2B7 60,606 4.262 De5ignaied funds 20 79.622 68,609 79,607 68,585 The financial statemenrs were approved and authorised for1s5ue by the Governing Body on 7 Detrmber 2022 and were signe n its behalf by.. elghton Chairman of the Governing Body G C Slimmon Chairman ol the Finance and Hanning Committee 28

THE CORPORATION OF KING'S COLLEGE SCHOOL CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2022 2022 £'ooo 2021 £'ooo £'OOD £pooo CASH FLO ACTIVITIES FROM OPEI<A I IJ4 Net tncome for the year Depreciation Bank interest and other investment income Decrease l {increase} in stock Decreasel{increase) in debtor5 (Decrease)l increase in creditors (Decreasel Increase in fee deposit5 . 4,434 2,893 1201 (331 (2021 1744) 2,919 1281 (7271 (1751 8.992 6.741 INVESTING ACTtVlTIES Donation of shares Investrnent income received Pur¢ha¥c of tansible fixed asStts 28 11,9961 20 19731 {2,06Y) (953} FINANCING ACTIVITIES Bank loan repayments Net (deC￿se1}InCreaSe in fee composition scheme (4,605) {8641 New loan finance received 1444) (3421 50 15,0491 {DECREASE)IINCREASE IN CASH AND CASH EQUIVALENTS 1.874 4,632 Cash and cash Èquivalents at l August 14,483 9,851 Cash and cash egulvalents at 31 July 16,357 14,483 ANALYSIS OF CHANGES IN NET FUNDS Balance at I Cash flows August 2021 £'ooo Other Balance at 31 July 2022 'ooo movement5 £'ooo £'ooo Cash and fdsh equiv21enEs 14,483 1,874 16,357 Loans due within one year Loans due after more than one year I I,S681 14,808} 1,568 3,037 (3841 384 1384) {1,387) Net funds 8.107 6,479 14.5B6 29

THE CORPORATION OF KING'S COLLEGE SCHOOL ACCOUNTING poI.Ir.IFg FOR THE YEAR ENDED 31 JULY 2022 Statement of compliance The financial siatements are P￿Pared under the historical c05t convention as modifsed to include the revaluation ol IDvp<fmPnt< Thp fc*rrnat ol the financial statements h35 been presented to comply with the Charities Act 201 I, FRS102 The FiTrdnool Reporting Stondard opplicoble in the UK and Republic of Ireloftd and Lhe StaLement of Recornmended Practice Accounting and Reporting by Charities (Second edition. effective l January 20191. The CoTr?ration is a Public Bortofit Efitity 2£ d)tinpA hy FR£ 102. b. General information The Corporation Is a chariEY reglsiered iii eli¥1￿1￿ 41id Walea (charity number.. 310024} and it5 rcsi. address i5.- 5outhside. Wimbledon Common, LondDn SW19 4Th. d office Ba$is of Accounting The financial st3ternents have been prepared vnder the Charities Act 201 l on the historic31 cost convention. a5 modified by the valuation of listed Investment5, whith Is consistent with the prior year. d. Basi5 of Consolidation Th•Ep tln2nriAI qt2temÈnts con501idate the results. assets And liabllltles of the Corporation's trading subsidiaries KCS Enterprlses Limited aTrd King'5 College School, Wimbledon (Internationall kn"mited on a line by line basi5. Going con¢•rn Having reviewèd the funding ficilities available to the School. together with the expecced ongoing dernand for places, 2nd fhe School's future projecLed cash flow5, the Governors have a reasonable expectat+on that the chool and sroup h43 adcqurltc rc￿0￿rcC. to continuo Fts 2Ctivitios for th@ fOr<&¥0￿h1￿ fijtiirg.. considÈr there were no material uncertainties over the School's financi21 viability. ACCordin￿y. they also coniinue to 3dopt the going concern basis when preparing the fin&ncial st1￿Ments. l. Significant judgments and source5 of estimation uncertainty The prep3r3tion of financial staEemen(5 in compliance with FRS 102 requires the use of certain critic21 accountlng estimatss. It also requires managemeni ￿ exercise judgmeni in applying the Corporation's accounting policie5. The key judgements that have been applied by management relate to= The residual Wdlues and useful economic lives ot tangible flxed assets The actuarial assumptions whith underpin Ihe fdluation of the definad benefit pension scheme liability The following principal accounting policie5 have been applied.. Income and endowments All incorne and endowmenu are recognised when the criieria of entitlemÈTrt, rnÉasuremen¢ and probability of receipi have been Satisfied. Tuition lees. les5 any allowance5, ￿r$￿rIeS or scholarship5 iwarded. are recognssed In the period in which the 5eNce is provlded. Trading income 15 recognised In the period in which the goods are sold or the services are provided, Donaiions are accounted lor on a received basis. Legacies are recognised on a reC￿vable basis, when rhe conditions of entitlemenL probability and measui-ement 3re met. Where the probability andlor measurefflent criteria for le%8cies and donations are not sa¢islied.as at the balince sheei date but subsequent events resolve rhe uncertainry such tha¢ the criteria are mec an adjustmeni 15 made to recognise the income. 30

THE CORPORATION OF KING'S COLLEGE SCHOOL AC.C.OUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2022 Grants, investment Income, including interest receivable. and other miscellaneous in¢ome are accounted for on a receivable basi5. Income from the endowment funds Is split between restricted and unrestricted funds aecording to the specific temis of each fund. h. Expenditure ExPendI￿re is recognised as soon as the ￿lated liability 15 incurred and has been classified under heading5 that aggi.￿aLe all ¥vsis i ¥14LLIII¥ LV ilidL LaLv¥ury. Lilibl￿￿[lES are recogn15ed as soon as rhere Is a legal or constructive obligaiion committing the Corporation to the expenditure. Employment benefits. Including holiday pay. are recognised In the period in which they are earned. Termlnation benefits are recognised in the period in which the decision is made and communlcated to the relevant employee(51. Expenditure on raising funds comprise5 ¢rading cosrs, fundrarsing tost5 and linance Costs. Expenditvre on charitable activities comprises expenditure direcdy relaced to the provision of educ2ty0n. Support costs represent indirect Costs rdatinz to raising funds and the Corporation'5 ch?rit2ble attivitles. Governance cost5 are included within support costs and comprise the costs of r(tnning the charity. including auditors, remuneration, certain legal costs and ill costs of complying with constitution31 and statrjtory rÈquirÈmÈnts. guth cost% af Bn2rd mP.ptin￿ AnA rrf pr￿p￿rIng the stsEutory J¢¢ounrs. Tangible Fixed Asset$ and Depreciation Tin8ibl• fixod &gsatÉ initixlly rocognised ut cost. In ae£tsrd4n¢e with thc tran￿￿tion￿l provi3ion¥ of FRS102, the School building5 are recognised using thè Mogt recent valuation, Is at 3 I July 2000. as deemed cost. DepreciacioD is pro￿ded on fixed assets to write off their cost less estimited residual ￿lue over their estlllldted Useful economic life by equal annual in5ts1ment5 25 follows.. SLliuul builTJiiiy Motor vehicles and compU￿r5 Boats. audit visual, ground and sports equipment Catering equipment and furniture Building Services and musical instruments 2% ro IO% per annum 25Yo per annum 20% per annum 12.5% per annum l 0% per annum Freehold land is not depreciatsd because It 15 considered to have an indefinite useful economic life. Residentiil properties are not depreciated because their ￿$*dUal value is considered to be sufficiendy high that depreciation would be immttÈriat. The carrylng values of tang+ble fixed ￿sets are reviewed for impaSrn)ent in iccordance with ihe r4uirements of FRS 102. Investments Listed investments are reCog￿lSed at marker vallte. Investment properties Jre included at the fair value co die charity. Investments In subsidiarie5 are reco8nised at COSL k. Stock Stoclc represenu good5 held for resale and is valued at the lower of cost and net realisable value. 31

THE CORPORATION OF KING'S COLLEGE SCHOOL ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2022 Basic financial instruments Basic financial instrument5 transactions th3¢ result in the recognition of financial 3$5ets and liabilitles like trade and other accounts receivable and payable are measured at amort15ed cost as lollows.. Co$h Grtd cdsh equivolents r34h ￿nd ra#h p.qiiivAlpnts includÈs cash in harFd. dep051ts held at banks. other short.terni hiRhly Iiquld investments with orlginal maturities ol three months or less and bank overdrafts. Bank oyerdrafts, when applitable, are shown ththin eurrent liabilities. Debtors ond credrlors Debtors and creditors are measured at the transactTon price less any provi5ton fDr Impairment. Any losses ai"i5ing Irom impairmoni arc recosni3ed &5 ¢xpcnditurc. 8ank borrowings Liablllile5 for borrDwiii¥s wliiLlI di v )ubjr4£ tv & ￿￿"￿et l-ate of int¢reSt are mca3ured at the Yaltc of tho dmount advanced, less capital repayments. kee cdmposilion scheme This is 2 scheme whereby parents and other make ad￿nce payments which, together with the discount atcrulng thereon. provide for a Set contribution eAch ￿rM towards the pupi15' fees. The capital porcion outstanding is recognised as a liability and the amountof discount Cry5tallised In the year 15 Included In the Statement of Financlal Activities m. Pensions The Corporation contributes to the Teathers, superann￿tion Scheme a¢ rates Set out by the Scheme Actuary and advised to the Corporation by Ihe scheme Administrator. The Scheme is a multi-employee pension scheme so it is not possible to identify (he assecs and liabilities of the scheme which are accountable to the Corporation. In accordance with FRS102 therefore, the scheme is aCcoUn￿d for as i defined conrribution scheme. The CorpDrxtlDn has contributed to a defined benefit pension scheme for TTrany of irs non-teaching staff which is wholly funded by contributions from the Schools at ra￿$ detsrrnined by independent actuaries the light of regular valuations. Such crJnrribu¢ion$ 2rg hlA in tnL<tpp.% administered funds tompletely independent of the Corporation's finances. This scheme is accounted for a5 a dellned benefit scheme accordance with FR5102 and the details of the movetnent5 on the scheme defieit are set out in note 6. Thi5 scheme wa5 c105ed on 31 July 2016 and any member5 transferred to the group personal pension plan. The Corporation also contributes to a 8roup personal pension plan for non-teaching staff. This scheme is coiripliariL wicli the requirements of auto-enroltnent. n. Leases Renfals paid under operydting leases are charged w Income on a straight IINe basis over the lease term. Funds General Funds The surplus Irotn normal actsvirles of the Corporarion is ¢ran5ferred to the General Reserves. Designoled funds Bui-sary Fund The Gov@rnors have Èstablished a separate designated fund to provide suppor¢ to bur5arie5 in future years, KCS Centenary Challenge Fund The Cenienary Challenge Appexl was 12unehed on 14 Sepiemb8r 1998 to fund the constructlon ol a new art and design technology building and the refurbishment of the KCIS science building and 10 finance addition31 bur53rie5. The proceeds of the appeal less administration co￿$ are credited to this Ivnd. Donatior15 specifically for bur5arie5, and 25% of other net recelpts, arc transferred to rhe designated Bvrsary Fund. 32

THE CORPORATION OF KING'S COLLEGE SCHOOL ACCOUNTING POLIC5ES FOR THE YEAR ENDED 31 JULY 2022 Lwcy funds Legacy furtrds consist of legacies received which have been designated for 5pecif(c purposes by the Governors. Endowed funds julian Belchamber Memorial Fund Th¥ Coi"poi"aLli>ll iyjyi¥¥iJ • dviioLivii uiidvT a LT USL LU i>¥ ijiVVSLEd SEVald¢ely. wi¢li diE iiiYe&tmeiii income arising to be applied towards specific prizes, which are awarded every two year5. Resrriaed fund5 A number of donors provided funds to the Corporarion to be applied towards specific capital and revenue items. The Scholarships Trust Funds 5nclude the john Cuder Fund, Edgell Hunt Fund, Forest Fund, Ingis Fund. Wllllam Fund. RDthschild Fund, Sambrooke Fund, Ward Fund and Cleaver Fund. The aim of the Scholarships Trust Funds is to idminister speufic donations and to yant scholarships in accordance with the donors, wishes. The Other Trust funds inclvde the Organ Fund, Frank Hole Fund, Carmichael Beque5r Fund. Trevalan Trust Fund, IHG Maltby Mernorial Prize Fund, A Perry Fund. ITN Gaby Rado Award Fvnd. Vikram Singh Memorial Fund, Louisa Lewisohn Memorial, Thomas Wilton Prize. Arthur Beatty Prize and Charlie Bartlett Prize. 33

THE CORPORATION OF KING'S COLLEGE SCHOOL NnTFS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 TUITION FEES 2022 £'ooo 2021 £'ooo reE5 fEiEIVdblv Lvllbybl vf. Gros5 lees Less.. Discounts and staff alloWan￿S Scholarships Bursaries 34,995 {601 (29n 11,3591 33.353 11001 {2831 11.2551 JJ,279 800 31,715 500 Add.. Bursaries paid for by restrlttÈd funds 34,079 32,215 bl The total amount earmarked for scholarships and bursariès is as follows: Scholarships arbd bursaries paid by general lunds Bur5&rles paid lor by restricted fund5 8S6 800 1,038 500 1,656 1,538 ANCILLARY INCOME 2022 £'ooo 2021 £'ooo Other tuition Catering Commissions on insurdvce Other 676 1,224 483 803 135 2,043 1,458 BANK AND INVESTMENT INCOME 202Z £'ODO £ooo Ban1< ntere5t 28 28 34

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THE FINANCIAL STATEMENTS (contiwlued) FOR THE YEAR ENDED 31 JULY 2022 DONATIONS AND GRANTS 2022 £'ooo 2021 £'ooo School The Friends of K(ngs College 5th001 Fund Friends of WCP5 Ocher 63 21 23 57 10 12 107 79 Designated Le￿¢Y funds 2.025 158 2.025 158 Restricted fund5 Building Renewal Fund I i + Burs#ry Fulld Bursary Fund Music School Fund Sports FF4cilities Fund Raising Aspiration5 Funds Boat Fund Odi¥J 20 38S 386 204 283 23 517 842 2.649 1.079 35

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THE FINANCIAL STATEMENTS Icontinued) FOR THE YEAR ENDED 31 JULY 2022 ANALYSIS OF EXPENDITURE Staff Costs Othcv D¢prtsCiatJoi Totl £'ooo 2022 Costs of generating funds KCS Enterprises KCSW International Finance and othèr costs Fundraising 'ooo £'ooo £'ooo 393 483 307 703 627 180 180 52 69 945 683 Charftable oc¢ivitie5 The School's operating costs and grant-making Teaching C2tering and wellare Premises (including depreciation) Support costs 17,354 865 1,087 3,103 28 1,466 B59 3,781 18.820 1,724 7,784 4,604 87 2,916 GovÉrnarJC@ crJ£t< Grants 59 22.437 7.&66 ?.91A 33.019 23,382 8,349 2.919 34,650 2021 Costs of genen7ting fvnds KCS Enierprlses KCSVV Internatlonal FI￿￿nCe and other costs undraising 372 31D 215 108 235 590 418 235 47 729 571 1.303 Choritable octivitles The School'5 operating costs and grant.making Te2ching Catering and wellare Premises (including depreciation) Supptsrt costs Gnvg_rnance costs 14553 859 1,058 2,947 24 885 559 3,675 1,987 48 17,438 2,890 7.623 4,934 72 Grants 21,441 7,154 2,890 31.485 22.170 7,725 2.893 32,788 36

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continu¢d) FOR THE YEAR ENDED 31 JULY 2022 SALARIES AND WAGES 2022 £'ooo 2021 £'ooo Wages and salarie5 Social security Pension cosis 17,537 1,961 3,747 137 16.725 1.828 3.505 Other 23,382 22,170 Included in staff costs above are termination payments amoundnE to £50k12021.. £26k). Th* number ol gmployag£ is g¢von below.. Headtount Full time equivalent 2022 2021 No. 2022 2021 Teaching staff T¥&LliiTig bvypur L Support staff Trading activities 201 72 125 17 196 67 128 15 182 41 102 180 44 103 12 415 342 339 The number of èmployees whose salary exceeded £60,000 per annvm was.. 2022 2021 £ 60,001- £ 7QOOO £ 70,001 £ 80.000 £ 80.001- £ 90,000 £ 90,001 £100.000 £ioo.001 £110,000 £120.001 £130,orx) £130,001 £140,000 £180.001 £190,000 £190.001- £200,000 £200,001 £210,000 £210,001 £220,000 £310,001 £320,000 42 26 28 24 Remuneration of key managemBnt personnel The Governors. who receive no remuneration. iogether with the Management Board plus the Head of WCPS pre.prep} comprise the School'5 key management personnel. The aggregate remuneration for key management personnel amounted to £1.353 k {2021.. £1.575k). Pension Scheme$ The Sch¢JoI participates in the Teachers. Penslon Scheme I'the TPS'I for its teaching stall. The pension ch2fEe for the year include5 contributions payable to the TPS of £2,7 IOk12021.. £2,S51 kl and at the yvarvend £ NIL P021 £Nill was aCcr￿ed in respecc of contribution5 to this scheme. The TPS 15 an unfunded mulii-employer defined benefits pension scheme governed by The Teachers, Pensions Regulations 2010 las amended) and The Te2chers' Pensiofi Scheme Regulations 2014 {Rs amended). Member5 contribute on 2 "pay as you go" basis with Contributions from mernbers and the etnployer being crodited to the Exchequer. Re￿reMent and other pension benefits are paTrd by public funds provided by ParliamenL 37

The employer Contribution rate is set by the Secretary of State following scheme valuafions undertaken by the Government Actuary's Deparcmont. Thp rprpTht artiJ2ri31 vxlu2ti0n ol the TPS was prepared as at 31 March 2016 and the Valuation Repor( which wa5 published March 2019. confirmed that the employer contributlon rate for the TPS would increase from 16.4% to 23.6% Irorn I September 2019. Employer5 are also required to par a Jcheme administr&t*on levy of 0.08% siving i tot#1 &mploy•r contribution rJt• nf ?I.AA%. The 31 March 2016 Valuatiofi Report was prepared in accordance with the benefits set out in the s£heme re8ularlon5 iiwid uii¢J¥i Lliv dvvi uaih specified in the Directls cost cap mechanism, in january 2019 announced a pluse to the cost cip mechanism following the Court ol Appeal's ruling In the McCloudlS3rgeant case 3nd until there is cerLainty about the value of pensio￿$ to employoèg from April 1015 onwArAq Thp Pail%9 wxs liftÈd in July 2020. and a consultation was launched on 24 lune 2021 on prop05Èd changes to the cost control mechanism lollowlng a review by the Government Actuary. Following a public consultation, rhe GOvern￿e￿¢ have accepted three key proposals recommended by the Government Aetuary and Jrc Dirnihs to implgmènt th4£• chxnges in timp Inr fhp ?(J?.O vAliJaticJng. Tlie 2016 cost control valuations have since been completed In january 2022, and the results Indicated that there w(Juld liv Llidiiges 10 beTrefitr or member contrtbution5 rcguircd. The results of tho cost cap valuation ar nor vsed to Set the employer contributyon rate, and HM Treasury ha5 conlirmod that any changes to the employer contributlon rak resuldng from the 2020 valuations will talce elfect in April 2024. Until the 2020 valuation is completed it is not posslble to conclude on any finincial impact or future changes to the contribution rates of the TPS. Accordingly. no proyision for any additional past benefit pension costs is included Sn these tinancial statements. A number of non-teaching 5tsff are delerred mÈmbers of the King's College School Pension 5rheme, constiwted by a trust deed and adminisiered in accord3nce with the rules by Trustees. The Scheme c105ed co exisrlng members on 31 july 2016. The Schetne's asKetS 3re invested in, and benefits under the Scheme are secured by. a Group wich profits Policy with thÈ Prudential As5ur3nce Company Limited. The Trusteès are advised on the financtal $￿te of Lhe scheme ai leasi every three year5 by an actLtary, who m21ces recommendati005 a5 to the total contribuiions, which should bo p￿d LO provide the benefits. The Corporation has a commiimeni to tnake good any actvirial deficiL Member5 are not contracted out of the Stste E3rn¢ngs Related Penslon Scheme. A full Iriennial valuation was carried out by a qualified Independent actuary as lt l A¢Jgust 2020 which showed the scheme had a deficit ol É539k. A formal recovery plan has been put in place to eliminate the deficit by pawng Ll 32k per year lor five ywdrs. The Corporatloll P3id £132k in the year to 31 july 2022 and tn the prior year, 38

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THF FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY 2022 SALARIES AND WAGES {continued) Accounrlng rules require the Lorporation to disclose additional Information In accordance wilh the requirernents of FRS102. as follows.. I he major assump￿onS used by the actuary were.. At At At l August 2022 1 August 2021 1 August 2020 Discount rate Rate of increase in salaries Inflation assumptlon Ra of increase pen5ion5 in payment P05t retirement mortality 3.6% nla nla 3.4% 3.4% 3.4% 3.4% S2PXA. CMI S2PXA, CMI 2020 2019 with1.25% 1.25% underpin underpin 1,74% 1.49% nla 3.0% 3.0% S2PXA, CMI 2018with 1.25% underpin Life expectancy for 65 year old male Life expectancy for 65 year old female 21.6 yèyrs 23.7 yèars 21.1 yBar6 23.8 years 21.5 ycar5 23.4 years ThÈ sssiimptinnr iit•rf hy thg 2uu?ry r• th• buit os£lmates £hO￿￿n from a rllngo ol p033ible actuari41 Issumprions which. due to the timèscale coverèd. may not necessarily be borne out in practice. The assEts in the schemtr. whlch gxrliJA¢k rglxting to mgmb•rs' Avcs wer Value at Value at l August Value at l Augu&* 158llSt 2022 £'ooo 2021 'ooo 2020 'ooo Scheme assets 6,049 5,564 4,921 Top market value of assets Present value of scheme liabilities 6.049 17.0871 S,564 19,8431 4,921 {9,312} Deficit in the scheme {1.0381 {4,279) 14.3911 2022 £'ooo 2021 'ooo Amounts recognised in expenditure Nei interest cost 74 66 Total 74 66 Actual return on scheme a5Sèts 385 539 Change5 Tn the ppe5ent valuÈ of the Defined Benefit Obligation Opening defined benefit obligation Interest Cost Actuarial Igainsl1105ses-. Change5 in assumptions Experience losse5 Benefits paid 9.843 9,312 139 13.4391 544 132) 237 183 (281 7,087 9,843 39

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THÈ FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY 2022 SALARIES AND WAGES (continued) 2022 £'ooo 2021 £'ooo Changes in the Fair Value of Plan A55et5 Opening lair value of plan asse¢5 InteresL on plan asset5 Actual return less interest on plan assec¥ Total contributions paid Benefits paid 5,564 97 288 132 {321 4.921 73 466 132 1281 6,049 5,564 The School expects to contribute £132,000 tg its defined benefit pensi{￿ scheme in the next twelve months. Maior ol SthÈme Assets as a Percentate of Total Plan A5set5 The assets of the Scheme consist mainly of unit15ed with profits pollcy with the Prudenti￿. The asser figures cxclud¢ a#S*tG relating to m•mbor4' AVC'S. The major percentage split of the Scheme assets a$ a percentage of total plan assets were as follow5.. 2022 2021 Unit15Èd with profits policy Mobius Life Portfolio Cash 91.0 8.6 loo% loo% SeTr5iti¥ity analys1S The results of Lhe scheme valuation are sensitive to changes in the key artlJ3rial assumptions. The following rable illustratr5 the sensitivity ol the liabilitSes to changes in assumptions. considered in isolation.. Change in a$5umptign Approximate increase in liabilitie5 Approximate increase in liabilitie5 iooo 1232 1,233 Discount rate reduced by 1.0% Inflation assutnption increased by 1.0% Increase in lile expec¢2ncy al l ye3r for a member retiring at 65 31,5% 17.4% 3.1% 220 A GPP Pension Scheme was Introduced in Febrajary 2012 11) 202112022 thÈ Corporation contributed l 0% of the employees, gross pay and the employees contributèd a minimum amount of 5%. For employees who have joined thi5 scheme under auto-enrolment, the employers, and employee5, contribution5 were 4% of gross pay. The Corporation's Lotal contributions under the three scheme5 in 2021122 was £3,747,000 {2020121: £3,505,000}. £012021.. £0) was paydble to the scheme5 ar the year end. 40

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THE FINANCIAL STATEMENTS (cvntinued) FOR THE YEAR ENDED 31 JULY 2022 EXPENDITURE 2022 'ooo 2021 £'ooo £xpenditure includes.. Auditor5, remuneracion lor audlt for orher serytces Operating lease rentals Govei-nors, liability iniurantÈ Depreciation 39 36 2.919 2,894 As in previous yeirs the Corporation has tal¢en outGovernors' liability insurance to protec¢ Itand the Governors from1055e5 ari51ng from tlie neglect or defaJl£ ol its Governors, employees or agents. There was £453 of travel expenses reimbursed to one Governor in the current year12021.. £Nill. TAXATION No taxation liability arises on the result5 for the year because of the charltknle statu5 of the Corporation. FINANCE AND OTHER COSTS 2022 2021 £'ooo £'ooo Bank overdaft and loans Composition lee discourbt 91 68 135 77 159 21 212 23 Oiher finance costs 190 235 Ban1¢ overdralt and loans fsnance costs include arrangément fèes. 41

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THE FINANCIAL STATEMENTS {continu•d) FOR THE YEAR ENDED 31 JULY 2022 10. FIXED ASSETS- TANGIBLE Group and charity Freehold Residential School Land Property Buildings £'ooo £'ooo £'ooo Other Assets £'ooo Total £'ooo Cosi or valuation At l August 2021 Additions Disposals 1,660 5.169 867 (3.3841 90,260 iuy 3,125 34U 15671 100.214 1.996 (3,9511 At 31 july 2022 1,660 2,652 91,049 2.898 9&259 At Yalvation At cost 21,827 69,222 21.827 76.432 1,660 2,652 2,898 1.660 2.652 91.049 2.898 98.259 Accumulared depreciation At l Au8ll&t 2021 Charge for year D¢sp0521s ?A,nA 2.326 ,7.14 593 {5671 ?.7.801 2,919 {567} At 31 July 2022 28,392 1,761 30.153 Nei book walue At 31 july 2022 1.660 2,652 62,6S7 68,106 Atjl luly2U21 1,660 5.16? 64,1?4 1.3?Q 72.413 Fixed assets under construction or recently acquired which have not been deprectated amount to £ 88,00012021.. £217,000). The fixed assets 2bove are wholly used for direc¢ ch3ritible purposes. Grovp fixed assets includÈ £4.304 {2021.. £5,369) In respect of other fixed a55ets which are held by the School's subsldi2ry comp3nyi KCS Enierprises Limited. 42

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO Tiic fiNANCIAL STATEMENTS (LviILiiiuvd) FOR THE YEAR ENDED 31 JULY 2022 INVESTMENT IN SUBSIDIARIES 2022 2021 Investments in subsidiaries consist of.. Shares in KCS Ellterprises Limited Share5 in King5 College School, Wimbledon (Internationall Limited The Corporation owns [00% of the issued ordinary share capital of KCS Enterprise5 Llmited (KCSEI, a company reglsiered in England and Wale5 (company number.. O18820B81. The company'5 activities include provision of a Sports Club, khool Shop ind the commercla1 lett1￿ of School fJcilities. It exists to zenerate a financial surplus tcs further the Corporation's charitable objectives. The Corporation own5 1007g of the issued ordinary sh2rÈ t3Pit21 01 Kin8'< f.nllpgp £rhnnl, WirnblrJon {Internationall L5mited (KCSWI), a company registered in England and Wales (company number.. 088234001. The company wa5 iocorporated on 20 December 2014. The company'5 activities comprise of developing npprtrliinitip4 to g>t up intomdon>l schools outiidg thg UK with r￿lon31 partner&. It exi#ts tts s¢ncratc financial surplu5 to further the Corporation'5 charitsble objectives. KCSE Year ended 30 April 2022 Z021 'ooo £'ooo iccswi Year ended 31 July 2022 2021 É'ooo É'ooo Profit and loss account Turnover- ex￿rnal rurnover- Inrragroup Cost of sales 1,289 632 2,685 2,338 1533) (401) 762 [phone]) 2,685 16611 2,338 {447} Administration expenses Operating profitll10551 Gift Aid payment ¢0 Corporatlon Taxation 565 1565) 42 (331 121 2,024 {2,028) 11.8601 161 Profitllloss) for the year 14) 25 KCSE As at 30 April 2022 2021 É'ooo £'ooo KCSWI A$atJl July 2022 2021 É'ooo 'ooo Balance Sheet Tangble fixed assets Current assets CurrÈnt liabilities 762 1758) 198 11951 2,048 12,036} 1,896 11,8801 Net assetsl{liabiliiie51 16 43

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THE FINANCIJIL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY 2022 12. OTHER INVESTMENTS 2022 £'ooo 2021 £'ooo Listed inyestments Investment properLY 96 3.850 3,946 The listed investment is a ￿striCtsd donètion o15hares. 13. DEBTORS Group Charity 2022 I'ooo 2021 £'ooo 2012 £'ooo ?n?I £'ooo Amount5 falling due within one year F¥tt d¥iJLUi Ocher debtors and prepaymencs 34 1.957 54 1,144 34 4.505 54 3,013 1,198 ),067 Ar[￿untS filling due after one year Proceeds from s&le ol The Rowans 482 482 The delerred proceeds from the sale of The Rowans were due july 2022 and july 2U23. L41Jlk w2S received on 29 july 2022. The amounc dtje in july 2023 h35 been re-allocated to d(te within one year and is included within other debtors and prepayments. 14. BANK OVERDRAFT The Corporation has overdraft facility ol £1,750,000, which is 5etured on the freehold property ol the Corporation int•r#%t 1¢ rhar8pA At 2% ovÈr Ehe base rate. 15. CREDITORS: amounts falling dtse within one year Group Charity 2021 £'ooo 2021 £'ooo 2022 £'ooo 2021 £'ooo Trnde creditors Fee deposits Fee Composlclon Scherne15ee no¢e 16dl PAYE and National Insurance Accrua15 and deferred income Bank loan5 (notes 16bl 505 3,214 976 36 1,178 384 462 3,389 1,294 486 1.488 1.568 482 3.214 976 450 3.389 1,294 477 1,375 1,518 1,031 6,293 8,687 6.087 8.503 44

THE CORPORATION OF KINGIS COLLEGE SCHOOL NOTES TO TI IE. fJNANCIAL STATEMENTS (LuiILiwiuEd) FOR THE YEAR ENDED 31 JULY 2022 CREDITORS: amounts falling due after one year Group and charity 2022 2021 £'ooo £'ooo Fee Composition Scheme (see note 16al Bank loan5- Other (note 16bl Oiher liabilitie5 2nd charges Inote 16c) 2.105 1.387 2.231 4,B08 3,583 7.140 Fee Composition Schème 2022 £'ooo 2021 É'ooo Within one to two years Within two to five years Ariel- fiye y¢ai 5 693 758 223 340 Due after one year (note 16) Vvithin tsne year InoLe 161 2,105 976 2.231 1,294 3,081 3.525 Thè balance represents the accrued liability Under contracts. The movements durlnR the year we 2022 £'ooo 2021 £'ooo Balance at l August 2021 ew contracts Amount5 accrued to contracrs 3.525 1.283 68 3,867 1.579 4.876 11791 5,523 Relunded Schemes Amounts Ufilised in payment of fees {1,8871 Balance at 31 july 2022 3.081 3.525 45

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THE FINANCIAL STATEMENTS (eontinii@d) FOR THE YEAR ENDED 31 JULY 2022 I O. CREDITORS: amounts falllng due after one year (continued) Ilank loan5 Bank loan5 are secured on certZTll Corporation propertie5 and are repayable over the next five years as set out in the table below. Interest is charged at 0.55% ovèr the base raie on Ihe102ns. One loan was fully repaid during the year. The remaining loan5 were lully repaid In Uctober IUIL 2022 £'ooo 2021 £'oDg Between one and two years Betweerb two 2nd five years In more than five years 384 1,003 1.504 3,138 166 1.387 384 4,808 1.568 Repayable within one ye 1,771 6,376 Othttr liabiliticj Other liabilitie5 toralling £ IOOk12021.. £1 l Ok) consist of provisions for pènsions not funded through the Teachers, Pension Scheme or the School's Defined Benefits Scheme. £9,000 is due within one year. ALLOCATION OF NET ASSETS BETWEEN FUNDS Net Current A55et5 É'ooo Fixed Assets É'ooo Lon8 term Debtors £'ooo Long term Liabilities L'ooo 2022 Total £'ooo The net assets are held for ihe various fund5 a5 follows.. Endowed f￿ndS RestricEed funds Unrestricted f￿rydS'. School funds Pension reserve Designated funds io 3,379 96 3.283 71,956 2,61 13,5831 11,0381 70,984 {1,0381 6,287 6,287 72,052 14,6211 79.622 Net Current Assets £'ooo Fixed Assets 'ooo Long term Debtors £'ooo Long term Liabilities £'ooo 2021 Total 'DOO The net assets are held lor the arious funds as follow5.. Endowed funds Restricted lunds UnrestrlcEed fund5- School lunds Pension reserve Oe51gnated funds 10 3.707 10 3,707 72,413 482 {8461 17.1401 {4.2791 64,909 14.279) 4,262 4,262 72,413 482 7.133 69,609 46

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THÈ FINANCIAL STATEMENTS (coiitiiiued) FOR THE YEAR ENDED 31 JULY 2022 18. ENDOWED FUNDS Balance at l AuRust 2021 Balance at 31 July 2022 Unrealised Gainsl (1055es) L'ooo Income Expenditure 'ooo £'ooo £'ooo £iooo Julian Belchamber Memorial fund 10 There were no movements on this fund in the prior year. 19. RESTRICTED FUNDS Balance at l August 2021 JI July 2022 Income Expenditure Transfer5 and revaluation £'ooo £'ooo £'ooo £'ooo £'ooo Scholarships Trust Fund5 Btsrsary Fund 11 + 8ursary Fund Junior School Aspirations Funds Building Renewal Fund OEher Trust Funds Sports Equipment Fund Music khool Fund Spor15 Facilities Fund Boai DoniElon Partnerships Maths Fund HMCK Charlcy Fund 263 1.644 1,682 262 1.391 1,627 283 204 {4491 (3511 {971 92 121 151 {2) 71 12} 19 29 {51 24 (31 3,707 517 1812) 133) 3.379 The transfers between fund5 are all in respect of capltal expenditure incurred during the year in accordance with Ehe re5tric(ion5 on each fund. 47

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continii#A) FOR THE YEAR ENDED 31 JULY 2022 19. RESTRICTED FUNDS <continued) Balance at l August 1020 £'ooo Balance at 31 July 2021 É'ooo Exppnrlrtrirrp l'ooo £'ooo £'ooo 5cholarshlps Trutt Fund5 Bursary Fund I l + BiJr.<ary Fund Junior School Aspirations Funds Building Reneval Fund Dinlng Room Floor kund Other Trust Fund5 Sporrg Eqiiipmpnt FiinA Music School Fund Sports Facilitie5 Fund Raising Aspirations Boat Donation P.IrtnÈrships Maths Ftjnd HMCK Chariry Fund Senior L5brary Fund 163 263 1.644 1.682 1,422 1.633 386 385 11641 1336) 20 120) 161 131 131 1231 23 34 14 114} 151 29 12) 3.442 842 {5231 154) 3.707 The Vvest Barnes Lane Fund was transterred to tseneral reserves on the completl¢)n of rhose prolecr5. 20. UNRESTRICTED FUNDS Balance at Balance at JI July 2022 £'ooo l August 2021 £'ooo TYaFbsfer$ Gain51{losses) £'ooo Income £'ooo Expenditure £'ooo General reserves Revaluation reserve {note 23} 60,786 4.123 40.157 (34,5761 636 (1421 67.003 3.981 School funds Pension reserv 64.909 14,2791 40.157 134,5761 58 494 3,183 70.984 11,0381 60,630 40.157 134,518) 3.677 69.946 KCS Centenary Challenge Fund Legacy funds Bursary fund Other designated lund5 672 603 2,987 672 2.628 2,987 2.025 Designited funds 4,262 2.025 6,287 48

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 JULY 2022 20. UNRESTRICTED FUNDS (continued) alance at l August 2020 £'ooo Balance at 31 July 2021 £'ooo Transfers Gainsl(lo$sès) £'ooo Income Expenditure É'ooo £'ooo General reserves Rpithlii3t*rJn rp£prvp (note 211 56,633 4.245 36.745 {32.7881 196 1142) 60,786 4,123 School funds 60,898 14,3911 36,745 132.7881 54 46 64,909 14,2791 Ponoiofj re￿&￿¢ 66 56,507 36,745 132,n21 100 60.630 KCS Cenfenary Challenge Fund Legacy fund5 Bursary fund Other designared funds 672 445 2.987 672 603 2.981 158 De518nated lunds 4,104 158 4,262 21. REVALUATION RESERVE 2022 £'ooo 2021 'ooo Balan￿ 74t l August 2021 Difference betweon historical cost dtprÈciation charge and the actual dépreciation charge for the year on school building5 re-valued on 312uly 2000 4,123 4,265 11421 {1421 Balance at 31 July 2022 3,981 4,123 See note l O for details of 31 july 2000 revaluation. 22. OPERATING LEASE COMMITMENTS Equipment 2022 £pooo 2021 £'ooo At 31 july 2022 the Corporation had the following comm>tments un¢Jer operaLiftg le3se5 payable.. Within one year After one year but within yèar5 80 52 57 109 23. CAPITAL COMMITMENTS 2022 £'ooo 2021 É'ooo Authorised and contrdtted 374 553 49

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continuod) FOR THE YEAR ENDED 31 JULY 2022 24. RELATED PARTY TRANSACTIONS (a) Parent governor5 Six governors are parents of thildren at the School and paid school fees 3t normal rates for lourteen chlldren during the year. (b) Subsidiary companies The Corporation has raken adwtage of the exemption Wifhin FRS102 from disc1o5ing transactions with its wholly owned subsidiaries. KCS Enterprises knmitsd and Klng's College School, Wimbledon IlnternatlODall Limited. <t) King'5 College School Pension Scheme R Parker. who is a Govornor of the Corporydtion, ￿s0 seryed as a Trustee of the Kings, College School Pension Scheme d￿rIng the year. A Ch2mberlain who rerired as a Governor. of the Corporation in january 2021, 1150 orvod As * Trustoo of rhe King't C.(Jllpep .£rhoctrl Pension SthÈme for the year. l Kather-lohn5 resi￿ed as a member~ntsminated Trustee of thè Scheme on 2 February 2022. R Tomlin was appointed a member.nominated Trustee of the scheme on 28 lune 2022. During the year. the school made contribution5 of £132,000 to the Sthème. No amounts were due as at the year end. (d) Old Ktng's Club The club receives limited administrative 5tipport, Further information can be provided by the Secretary to the Governor5, The KC5 Old Boys. Rvgby Club pay5 an annual licence fee of £4,500 to the Corporation, for the use ol ¥dmes pltches at Arthur Koaij, Motspur VarK owne4J by the Corporation. 25. CONNECTED CHARITIES (a) The Friend5 of King's College School (Charity No." l 005992) The objec¢ ol The Friends is to advance thè education of pupils at KCS and KCJS. In furtherance of this object the Friends may: a) Develop more extended relationships between thè Staff, parents and others associated with KCS Ènd KCJS. b) Engage in activities which support KCS and KCJS and advance the education of the pupils al￿DdIng. cl Provide and assist in the provision of facilities for edutaiion at KCS and KCIS ￿0t normally provided by che Governin8 Body. The Friends gifLed £63,155 to KCS and KCIS during the ye2r {2021- £57,225). (b) The Friends of Squirvels (Charity No: 1139036) The objeit tsl the Friends is to advance the education of puplls at Wimbledon Common Prepara￿rY School. The Friends gifted good3 tts the Yalue of £20,685 EQ WCPS during the ¥ear12021: £10,256}. 50

THE CORPORATION OF KING'S COLLEGE SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY 2022 26. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES Re>tricted School Designated Endowed Funds £'ooo £'ooo £'ooo Total 2021 £'ooo Notes INCOME FROM: Charitable a¢tlvities Tuirion fees Ancillary Trncome Other troding o¢tivltle$ KCS Enterprisès incorne KCSW International income Investments Donations 32,215 1.458 32,215 1,458 636 2,338 19 79 636 2,338 19 1.079 158 842 Total income 36,745 158 842 37,745 EXPENDITURE ON.. Rolslng fund5 KC_£ Fnt<srpri4#r rn£ts 583 428 235 S9 593 428 235 KCSW lftternational costs Finance and other costs Fundraising coTrt& 1,305 1,305 Charitable activlties School opera¢ing cosgs and grant-tnaking 31.483 523 32,006 Tot*1 expenditure 31788 523 Net income beforè transfers Transfers between funds 3.957 54 158 319 154) 4,434. 18. 19 Net income 4,011 158 265 4.434 Pension scheme a¢iuarial gainl110s51 Net movement in funds Fund balance5 at l August 2020 4,123 158 265 4.546 56,507 4,104 3,452 64.063 Fund balances at 31 July 2021 60,630 4,262 3,717 68.609 51