KING'S HOUSE SCHOOL TRUST {RICHMOND) LIMITED (A Charitable Company Limited by Guarantee) REPORT AND CONSOLIDATED ACCOUNTS YEAR ENDED 31 AUGUST 2022 Company Rewstered Address: 68 Kiw Road, Richmond. Surrey. TWIO 6ES Company Registered No: 590559 Charity Registered No.. 312669 KING'5 HOUSE SCHOOL TRusr IRICHMONDI LTD ANP4UAL REPORT AND ACCOUP4TS Iciwrtlnuedl YEAR ENDED 31 AUGUST 2022 The Governors are deli8hted to present their annual report incorporating the strate8ic report for the year ended 31 August 2022 under the Charities Act 2011, tts8ether with the audited accounts for the year. which are prepared to meet Ihe reouiremenis ofa directors. reportand a￿oUnts forCompaniesAct purpose5, theTrust Deed and the Charities SORP IFRS1021. The Governors of the Sc￿?01 and the Directors of the tradin8 sub5idi4ry fr￿ give their time and expertise to support the Charity. None of the Governors receive remunefation or other benefit from their work wlth the charity. Anv contractual relationship must be disdosed and notes of interest are retained in written form. The School is fortunate to be supported by parents through the Friends of Kin￿5 House S¢hool and durlng the year the Ffiends held a number of events, which are alway5 well attended. The Governors are Brateful for their commitment and contribution to the School. whlch this year totalle(1 £5,226 8nd was used to purthase avdlo visual equipment for use around school and the theatre. REFERENCE AND ADMINISTrATrVE INFORMATION The School is a Public Benefit Entity registered a5 a charityin En8land and Wales and a company limited byguarantee. It was incorporated on 17 September 1957 (company number.. 59)5591 and registered as a charity on 31 July 1964 Icharlty number.. 3126691. King's House Sthool EnteriK15es Ltd was constituted as a bodycorwratè Ilmited byguarantee on 21 May 2010 Icompany number.. 072614241. The Dirertors of the tharitablè company are the Trustees for the purposes of charity law and are Governors of the School. In the event of the tharitable comp3ny bein8 wound up, the liability in respect of the guarantee 15 limited to £1 per Oirectoi of the charitable companv. The address of its re8lStered office is 68 Kirqs Road. Richmond upon Thames. Surrey, TWIO 6ES The information included on pages I to 4 fomis part of this report. KING'S HOUSE SCHOOL TRUST IRICHMONDI LTO ANNUAL REPORT AND ACCOUNTS Icontlnuedl YEAR ENDED 31 AUGUST 2022 Governors, Officers and ￿vIserS The Kin￿5 House School Governors are the charity trustees of the Kin&s House School charity. They have all served In office throughout theyear. except where indicated. Together with past Govemors Iwho served in the year as indlcatedl, they are.. O¢¢ypatlon Oate of appolntment DavSd Barbour Dan Boorman Julian Davison Adrian Edwards Richard Gale Jenn Geor Or Sarah Ann Hend Christine Lavert Chalr james Owen Lisa Peacock Chris Pollitt Catherine Urth Richard Ward (Vlo Chalrl Paul Williams nvestment Mana er puty Head, Bisho rwate Equity ana emeni Consultant om an Director A Consultant ut Head. Ham ton School hartered Ac¢ountant hartered Surve or/Fund Mana Barrister OU5e Master. Haffow School edlcal Pra¢tttioner om an Direttor nd Master. E 19 November 2015 3 December 2021 2Au ust 2017 8 Janua 2020 11 September 2021 4 December 2018 27 June 2018 19 November 2015 6 Jul 2017 9 Janua 2020 23 Junè 2021 23 lune 2015 4 Decernber 2018 21 Marth 2019 ate School er Iretired som Coll Whilst responslbllityfor the daily rnanagernent of the Sthool rests wr¢h the Head, Governor5 retain overall responsibllity for all aspects of the school's overreaching strategic direction and conduct. To assist in dischar8inB this responsibility. the Governors have created Su￿0MmIttee$ to deal with finance. devdoprnenL staffing and educational and pastoral matters, as well as od hoc8roup5 whenrequired. Memberships of committees durin8 the year ended 31 August 2022 and up to l December 2022 were.. Flnance & D￿elOPMent Comm5ttee IFtKI Julian Davison (Chairl Adrian Edwards Richard Gale Christine Laverty Richard Ward Human Resources Commlttee Jenny George Ichairl Sarah Ann Hendry Christine Laverty Paul Williams Saf￿Uardlng Commlttee Dan Boorman (Chair) Jenny George Lisa Peacock Educatlonal & Pastor•l Commlttee IEPCI Sarah Ann Hefidry Ichairl Jenny Geor8e Katie Urch Chris Pollitt Nomlnatlon5 C4Mnmlttee Health & Saf•ty Commlttee J8mes Owen Christine Laverty Rlchard Ward Bursarles and Publlc 8enefft Commfttee Llsa pea￿Ck Ichairl Katle Urch Paul Williams KING'S HOUSE SCHOOL TRUST IRICHkK)NDI ITD ANNUAL REPORT AND ACCOUNTS l¢ontlnuedl YEAR ENDEO 31 AUGUST 2022 GOVERNORS AND CHARITY TRUSTEES l¢tyftlnued) Governors Offl¢ers and Ad¥lsers Icontlnued) Xin￿$ House khool Enterprises Ltd IKHSEI is a wholly owned 5ub5idiary of Kin￿5 House School, incorporated to manage the School's trading operation5 (ryincipal￿ letts"ngsl. The Directors of the Company are.. Davld Barbtyjr Loui5 Mather Mark Slfver Cindy Yendell Appointed 1911112015 pointed 101712018 {Chair- From iyil120191 Appolnted.. IV0612019 The 8oard of Governors is a self-appointed body. with a policy for selecting and retruitinÉ new members, who are elected to the Board by existing Governors. Service on the Board is a maximum of two terms of four years. The same arrangement applie5 to KHSE. KEY MANAGEMENT PERX)NNEL Head Mark Turner Deputy Head Head of Pastoral Care Martin Sho Alex Churcher Head of Junior Departt7)ent Head of Nursery Bursar. Company Secretary and Clerk to the Govemors Simon Gower Jane O'8rien John Loveland The Head mana8es ihe day to day operation of the Sthool throu8h the Senior Management Team ISMTI, which comprI5es the key mana8emeni personnel listed al￿e. The Bursar manages the day to day operatbon of the Enterprise Company thiou8h the Enterprise Manager. Prln(l¥al address of Charlty Prlndpal address of KIn￿$ House sd￿11 Enterprlse5 lid 68 Kin8s Road Rlchmond Upon Thame5 Surrey TWIO 6ES 68 Kings Road Richmond Upon Thames Surrey TWIO 6ES Web51t•S: fM¥w.ki .kSn round.co.yk OUR ADVISERS Audit 10 Queen Street Wace. EC4A IAG TS8 •ank pk 1st Fkxr. 39 Threa¢knedle Stree¢ London. EC2R 8AU MoDre 8•dowSolkltorn The Oriel. Sydenham Road, Guildford. &Jrrey. GUI 35R Inwranc• 8rokevs H•ttl•Anthws 2 B￿nSW1¢k Squar< 81rmI￿1￿3m. Bl 2LP Solldtors KING'S HOUSE SCHOOL TRUST IRICHM014DI LTD ANNUAL REPORT AND ACCOUP4T5 {¢ontlnued) YEAR ENDED 31 AUGUST 1022 OBJECTS AND ACTMTIES: The Charitable Oblects of the khool are set out in itsTiust Deèd andthe rnain activities undertaken to furtherthe charity's purpose5 for the public benefit are to carryon and develop Kin¥s House Sthool in Richmond, Surrey and any other School. This Includes the provision of boarding andlor day schooling for thildren of either sex anywhere in the world. Ancillary to its rnaln charitable purpose. the charity a150 make5 its faolitles. and particularly its playing fields, available to local resldents, charitable organisations and Khools. Alms Within these Objert5, the School's strategic aim5 as an educational charity for thildren are.. l. To provlde an environment where the pupils feel supported and safe. and where thelr welfare and safeguarding are paramount. 2. To offer an education in whith the pupils experience a high quality. broad and balanced Curriculum. whlch engages and challenges them whi15t developin8 their knowledge, understanding and skills across the areas of learnin8 Ilin8UiStic. mathematical, suentific. technological. human and social. physical and aesthetic and creative education). 3. To attract and retain pupils who will benefft from and contribute to the education that Is on offer at King's House. 4. To attrac¢ support. retain and develop teaching and supwrt staff of the highest calibre. who will enhance the provi510n to the pupils here. To bulld and maintain facilities whith enhance the education and care offered by the School. 6. To ensure that the School continues to be in a stron8 Position financially. is efficientty run andls able to deliver on its aims whi15t keeping the fees on an affordable footin& 7. To enhance the reputation of Kin¢s House Schod and to build stronger links with the wfrder ¢ommunity. including parents and alumni. To rneet and, where appropriate exoed, all required standards for a hlgh quality independent school. The Sthool is an equal opportunities employer, committed to a workin8 environment that is free from discrimination and will rnake reasonable adjustments to meet the needs of staff or pupils who are or become disabled. It has recently formed an equality, diver51ty and inclusion IEDII working group of staff from various departments of the school, followin8 a staff Sense of Belonging Survey. The 8roup meets on its own and with governors to focu5 on increasing the dlversity of staff and puplls and to ensure that all school prartices and opportunities are fair and transparent. The School use5 Common Entran￿ fesuhs and senior school entry to monitor its SU￿55 and the performan¢e of the pupils remain5 a Sour￿ of great Satisfaction. particularly as the 5th001 is non4elertive in the early years. taking pupils of all abilitie5 into the Nursery and Reception year5. The School considers other measures of success. such as indsvidual and team sporting achievements and a¢hievemeNts in performing arts. music. deS￿n te¢hnolo8y and art. The extent to which parents are involved in school life is also monitored, a5 the Governors consider paiental involvement as key to the continued Suc￿$ of the School. The School ￿ThainS committed to workinB Wlth the communty and seeks to in¢rease pupil numbers travelllng to school by school provided and public transport. Where this is not practical. the school encourages puplls to cycle. walk or share lifts with each other. This activlty to minimise the impact on local traffi¢ Is reflected in the school's sllver accreditation with the Tran5POrt for London STARS stheme. A(tlvltles The objectNes refiect the educational aims and the ethos of the Sthool and the importaKe of maintainlng and enhancing it$ academic success. These obje¢iive5 are, however. set in the context of the broader Boals set for the School and its pupils, and a wide range of extra-curricular a¢tiwtie5 is prowded throughout the s¢hool. In settin8the obje¢tive5 and planning artivities, the Board and Senior Management Team have given careful conslderation to the Charity Commisslon's general guidance on public benefrt and. in particular, to its supplementary public benefit 8uldance on charging forseNces. To underlinethevalue placed on continurtyforfamilie5. a discount Is offered to parents. KING'S HOUSE SCHOOLIRU5T IRICHMONDI LTD ANNUAL REPORT AND ACCOUNTS (con￿￿Yed) YEAR ENDED 31 AUGUST 2022 The School continues to develop tts ouireach initiatives, indud1￿ bursary awards, and to maximise the use of its estate5 and sportingfacilities by other school and communitygroupsfoc the benefit of children of both Sexes, aswell as promoting sport in the community. The Bursaries and Public Benefit Committee review outreach initiatives annually, including bursary awards. A list of othersthools and Communitydubs is maintained and details are logged on the Sthools ToBether website. The School is committed to sèfegu3rding and promoting the welfare of the pupils and expects all staff and volunteers to sharethis commitment. Parents are given regular information about thèir chlldren's sooal and academic progre55 ihrouBh parents, evenings, in addition to the traditional end ol term and year reports. Re8ul8r contact wlth parents is maintained throughout the year through informal contact and through the biweekly newsletter. website and social media platforms. All pupi15 have a Form Tutor who Is responsible for their pastoral care and academic development. In addltion. external speakers attended school to speak to the pupils about personal and intemet safety. The School offers a broad currlculum and is proud of the adVan￿rnent in recent years in areas 5uth as computin& de518n technology, musl¢, art and drama. Computing 15 taught as a discrete subjectfrom Nursery onwards by a speclalist teacher, allowing pupils to add depth to their subjÈrt knowledge. such as learning textual programmin8 from Year 5 IPythonl and Year 7 IHTMLI. In design technology. bearninB is termly project based incorporats"n8 theory and practical modules. Pupi15 are exposed to techno108V through computer aided design ICADI and computer aided manufacturing ICAMI. The Art department has a fully functioning art studio equipped with a kiln to enable work on ceramics projects, as well as other mediums such as print makin& paintin& drawing and photoshop. The Music department Is committed to prowding a stimulating and challen8in8 alkround muslc education, whilst takln8 care to identify and nurture individual talent and maximi2e pupils. potential. Our 12 peripatetic teathers offer Individual lessons In plano. vlolin. cello. flute, clarinet, saxophone, all bra55, guitar, drurn and voice. Many pupils take part in ABRSM exams and there are many co-curricular actmties such as ensembles. orchestra, rock bands and traditional choirs. Drama encourages every boyto perform. be it in class, a￿eMblieS or as part of a produoion. Drama is used tofaalitate keysocial and communicative skills and emotlonal Ilteracv. On the sportingfroni, thè School has excelled since retuming after the Covid resirictiofts. partiopatlng in regional football, and cricket competitions and boys representing thè c¢)unty- Rugby has been strong acr055 the board, as evidenced by numerous ex-pupils going on to achieve under-16 places at Harlequins and London Irish. Pupils are encouraged to contribute to the development of the school. and there are many opportunities for the pupll voice to be heard. Including eco-teaffls. school courKil. house competitions. tharityvotes.yeargfOUP forum5 and the ran8e of lunchtime clubs. For the alumni, those who left 2. 5 and 10 years ago were imted Imck In June 2022 for a reunion. The schod also managed to finally have the Class of 20C(1 - 20 years out - family barbeque, which had been delayed due to Co￿d. There has been a locus over the last year on growing the &umni database, in tum tu￿1¥¥bn9 an ervjaged community and polential network of volunteers and networking opportunitie> The S¢hool has an eco-commirtee made up of pupils from each year group in the Senior Department. who are workin8 on various inltiatives as part of the Eco Schools accreditation scheme. The S(￿)01 was recendy awarded the Eco-schools Grten Hag. which recognises the work done by pupils to make the Sch(￿1 more environmentally friend￿ and rise eco- awareness in fellow pupils. The School continues to investigate way5 to improve sustainability and reduce waste through the use of blodegradable food containers in the dining rooms and green kn.ns for recydin8 food waste. The waste manaBemenVrecyclin8 Partner can process much of the waste, for exarnple, they have plastlc, metal and glass recyclin& anaerobic di8esters, ¢ompostin& gas to ener8y plants and refu5e-derived fuel. 8ursaryPolky It is important to the School that 3ccess io the education offered is not restricted to those who can afford the fees. It Is the School's belief that pupils beneflt from learnin8 Within a diverse community and this is reflected in the provision of bursaries. The Governors vlew bursary awards as important in helpingto ensure thild￿n from famllies who would otherwise not be KINfj'S HOUSE SCHOOL TRUST {RICHMONOI LTD ANNUAL REPORT AND ACCOUNTS {contlnued) YEAR ENDED 31 AUGUST 2022 able to afford the fees, can access the education the 5thod offers. 8ursary Awards are available to all parentslguardSans of chlldrèn entering anyyear group from Year 3 up to Year 6 and are made at the discretion of the Governing 8ody on the basis of parental means or to relieve hardship where a pupifs education and future prospecrs would otheTwise be at risk (for example in the case of redundancvl. The School ha5 appointed an independent company. Bursary Adrninistration knmited, to assess applications and make recommendations for or aBainst an award. The final decision on awards remains Wlth the School. Information about fee sslstance through bursaries is available to all who apply to the School and is published on the website. KING'S HOUSE 5CHOOI TRUST IRICHM014DI LTD ANNUAL REPORT AND ACCOUIITS Iwillnuedl YEAR ENDED 31 AUGUST 2022 STRATEGIC REPORT As In p￿VIouS years, key objectives included: To mairtain the present lowteather: pupll rath),whkh the5d￿l belle¥esfves pupllsth• nec•ssarytlmetodevelop a¢•demi¢, sportin& artistk and social skill Measurement is easy to assess from pupil and staff numbers. Puyl achievements in xademlc, sPOrtin& music. drama, and other ath￿"tieS support our belief in the benefits of maintaining the ratio. The ratio remains low at just over 18. To malntaln the current hl8h standards of academlc a¢hle¥emenl at Common Enlrance and scholarshlp level. To Id¢ntlfy and support approprialelythe academk needs of the pupll The Common Entrance (Year 81 and scholarship results (Years 6 and 81 are a measure of success. The leavin8 Cohort in 2022 athieved a total ot 5 awards over a Bood rarvde of disciplines e.& academK. sports and music and all gained place5 at their thosen senior schools. Performance is measured throu8h educational assessment tools whith tra¢k individual pupil progress. Ongoing ertemal subject reviews assess the qLEallty of teaching. To develop 50dal and cultural awareness in pupib t1￿￿1h • proyamme ot e¥ents to en¢oura8e 8reater sodal awareness and parti¢ipati¢ Puwls and thwr famtlies are engaged in ralsln8 funds to continue the School's SUPFM)rt for the linked sthool and local children In Rwanda. Other measu￿$ indude assemblies. PSHE. external speakers and outreach activities through the pupils, Charity Committee. During the year, the School also supported Skylarks. SPEAR. The neyard. Royal British Legion. Comic Relief. Trus5elll Trust, Barnardos, Glass Door. Ukraine Appe•l and the NHS Charities Together. Donations totaled £16.717. In addltion to the main schod activity, the School continues to foster relationships With the community by h05ting a number of l¢xal resth)t clubs and charity events In the school buildings and particularly at the sports ground, includln8 the Riana Community summer 5POrtin8 èrtNiti and a partnership with the fjvil SeNice Football Club for gids. football coaching. KING'S HOUSE SCHOOL TRUST IRICHMONDI LTD ANNUAL REPORT ANO ACCOUNTS IcontSnuedl YEAR ENDED 31 AUGUST 2022 STRATEGIC REPORT (continued) It was the intention to continue hosting Maths Masterclasses, to whlch Year 6 pupils from neighbouring schools and members ol the Royal In5￿tUre of Maths a￿ invited, to prowde the most valuable experiences for the pupils. Unfortunate￿, again this year, the pro8ramme was cancelled due to Covid.19 restrictions. To ¢ontrlbute to the wlder communlty by en•bUry partklpalkn On a range of sportln& re¢reation•l and educatlon•l a¢li¥itles. As well as the internal awards and external grants, the Sthool has focused on increasin8 its public benefit and ¢ommunity outreach work at the 5POrtS 8rounds. as that is where the biggest impa¢t on the community can be achleved. A number of local stale schools and community Clubs have regular acce5S to the facilities. either at substantially discounted rate or withovt any char8e at all. Communtty groups and charities have also held meetings and fundraislng events without charge. Dufln8 2021- 2022.. INTERNALAWARDS 2 pupils received means-tested bursarylhardshlp awards.. 8 pupils received %b15ng & Staff dlscounts: ExfERNALGKANTS A 8rant was made to RNCSF (see below) to 5UPPOrt disadvantaged ¢hildren in a5SlSted boarding places.. A Brant was made to The Sthool & Famlly Works social enterprlse (see belowl to fund one multi-fJmlly therapy group to support local chlldren with complex needs to promote their success at school: £11.436 £24.8&) £20.LXY) £20.tX Contlnuano ol charltabl¥ 5upporL The School continues to support the Royal National Children's SprinBboard Foundation IRNCSFI, through parent voluntary contributions of £5,570 and a direct donation of £14.430. in its mission 'to improve and transform the lives of youn& disadvantaged children by supportin8 their edu¢ational opportunities in both State and independent boardin8 schools. 8y dolng this. we seek to improve their educational attainrnent. employability and aspirations,. In November 2021 Ali Henderson, CEO, and Julian, a RNCSF alurnni, visited the School to speak to pupils and parents about the work the charity does. The School also sUPPOrts The khool and Farnily Works charity in their aim to 'offer flexible, therapeutlc, community based seNios that enable schoo15 and families to work together to help vulnerable children achieve educational success. via th￿r-tranSforMing lives initiatNe". KING'S HOUSE SCHOOL TRUST IRKHMONDI LTD ANNUAL REPORT AND ACCOUNTS (continued) YEAR ENDED 31 AUGUST 2022 STRATEfjIC REPORT Icontlnuedl Achlevernents and Perfomiance Pupllnumbers Edutational activitie5 for boy5 from the ages of 4 to 13 are carried out in the Junior Department and Senior Department buildings. In addition, the Nursery premises provide pre-school facilities for boys and girls a8ed 3 and 4. The Junior and Senlor Oepartments averaged 37212021.. 3891 puplls. Numbers In the Nursery averaged $412021: 501. Acodemk We resolvèto keep up the academlc, sp¢rtln8 and artistic standards forwhith the Sthool has become known. and tontlnue the development of our premises to meet the needs of our pupils moving forward. A total of S award5 were achieved across a ran8e of dixiplines indudin8 academic, mu51¢ arKI sport. Desiinarioii of PLipils= day sc l)ools The chart Ileftl shows the mix of senior day schools it) 2021 and 2022 for our Year 8 Cohort. At the end of 2022. 3 pupils moved on to Epsom, Hampton and St Paul's respectively. ot the Year 8 cohort, 21 moved on to day senior schools in autumn 2022. and 17 selerted boarding schools. Figure I: Coniyartson of senior 5¢h•Dls ID.41'I 2021..21>22 eoardin8 ch￿ceS a150 vary year by year. In 2022. 17 puplls boarded, including 2 to Brighton, Epsorn. Eton and Vllnche5ter respectively. Destiiiatioii of pu pils: boar(liiig As a non-sdective school. we are proud that all our Year 8 boys gained places at their chosen schools, refiecting the School's commitment to broad turriculum which allows eath pupil to achieve their potential. F4gurt ?- Cornp•ri50n of 5eHigr schoo15 IBO.IRDINGI 2021-20?2 io KING'S HOUSE SCHOOL TRUST IRICHMONOI LTD ANNUAL REPORT AND ACCOUNT5 l¢ontinued) YEAR ENDED ai AUGUST 2022 srRATEGIC REPORT Icontlnuedl FlnondalReview The main source of income for the School is through fee income tharged for the provision of education. In the 2021- 2022 school year, the fee5 charged rarvded from £2,580 for 5 mornings in Nursery. £4,740 for Reception and £6.190 in the Senlor Department. The main expenditure of the School is that of staff salarTres. Staff are keyto theongoln8 success of theschool and the School, therefore, continues to invest In the hi8he5t standard of teaching and administrative Staff. The School Is also tommitted to ensuring continued professional development for all staff. Premlses costs are the second major expense of the School and, this year. further ￿n0VatIon work was undertaken both it the sports ground and the teaching sites in Rlchmond. The financial statements show that the Schod Is maintaining a sound finanual base. The table below summaTises the financial data.. Acwunt$ Summary Year endl Au8USt 2022 £7.034,667 £443.6CO £7.478.276 £4.380.743 £2.817,020 £7,197.763 £280.513 Year endlng ALWIrt 2021 £6,799,704 £368,032 £7.167,736 £4.212.259 £2,657.363 £6,869.622 £298.114 Fee Income Other Income Total Income Staff costs Other ¢osts Total Expendlture Plet Incomlngllout8oln8) resour¢4s on School actlv5tle5 Tradlng Subsldlarv Income generated through lettlnas Expendlture Erterprlse COmpan￿S ¢>perall￿ profft Comblned Surplus forthe year The parents have the peace of mind of knowing that the Board 15 continuing Its Strategy of deploylng all net Trncoming resources to investlng in the educational purposes and fabrlc of all the school sites, in Ilne with the School's Obje¢tS. £873,430 £1445.0011 £428.429 £708.942 £579N6 £1339,9161 £239,970 £538,084 As an educational Charity, the School enjoys tax exemption on its educational artmties and on its investment incorne and gains, provided these are applied for thèritable aims. The School is entitled to an 80% reduction in business rates on the property occupied for charitable purposes. The finanual beneffts receNed from these tax exemptions are all applied for educational purposes and indirettfy help maintain the bursary poli¢ies and public benefit activities. However, as an educatitinal charity. the School is unable to reclaim input VAT on costs, as It ts exempt for VAT purposes. The School also pays tax as an employer through Natlonal Insurance contributions. Future Pkns The 8oard of Governors held their annual IAsion Day in September 2021 at the sports ground. tts review the present posItIc*n of the Sthool in relation to the Strategtc Devèlopment Plan ISDPI and assess potential threats, weakne55e5. opportunities and strengths. The Board has ratified the intention to continue the current strategies of maintaining the School'5 PQ51tion in a cornpetitlve market by investing to provide a high quality education for the puplls. Achievlng a high standard of academic results is a constant aim. whilst maintainin8 the breadth and depth of the education provided. KING'S HOUSE SCHOOL TRUST IRICHMONDI ITD ANNUAL REPORT AND ACCOUPIT5 {conthyed) YEAR ENDED 31 AUGUST 2022 STRATEGIC REPORT Intlnued) YEAR ENDED 31 AUGUST 2022 23. COMPARATIVE ANALY51S OF TOTAL RESOURCES EXPEWDEO Staff 2021 Total Ralslng funds Trading Costs Finance costs 114.952 4,173 120.791 7.896 239,916 7,896 114,952 4.173 128.687 247,812 Charitable actl¥ltles Educotion ond gront making Tea¢hirb8 Calering Pfemises, repair and maintenan Support costs and governance Granis (see below) 3.279.628 362.868 286,038 1.438,059 343.170 37.590 3,642,496 286.038 1.955.959 1,039.643 37,590 236,158 696,473 281.742 4.212.259 281,742 2.467,725 6,961,726 Total expenditure 4.327.211 285,915 2.596,412 7.209.538 36