2024-08-31-accounts

KING'S HOUSE SCHOOL TRUST (RICHMOND) LIMITED (A Charitable Company Limited by Guarantee) REPORT AND CONSOLIDATED ACCOUNTS YEAR ENDED 31 AUGUST 2024 Company Reglstered Address: 68 Kin8s Road, Rlchmond, Surrey, TWIO 6ES Company Registered No: S90559 Charity Registered No.. 312669

KING'S HOUSE SCHOOL TRUST (RICHMOND) LTD ANNUAL REPORT AND ACCOUNTS (contlnued) YEAR ENDED 31 AUGUST 2024 The Governors are delighted to present their annual report incorporating the strategic report for the year ended 31 August 2024 under the Charities Act 2011, together with the audited accounts for the year, which are prepared to meet the requlrements of a directors, report and accounts for Companies Act purpose5, the Trust Deed and the Charilie5 SORP {FRS1021. The Governors of the School and the Dlrectors of the tradln8 subsidiary freely give thelr time and expertise to support the charity. None of the Governors receive remuneration or other benefit from thelr work with the charity. Anv ¢ontractual relationshlp must be disclosed. and nates of interest are retained in wrltten form. The School Is fortunate to be supported by parents throu8h the Friends of King's House School and during the year the Friends held a number of events, which are always well attended. The Governors are 8rateful fortheir commitment and contribution to the school, which, this year, totalled £8,606.87 and was primarlly used to develop the Forest School, and to purchase a new digital plano for the Junlor Department and resources in the Nursery. REFERENCE AND ADMINISTRATIVE INFORMATION The School Is a Publlc Benefit Entity re8lstered as a charlty In England and Wales and a company limited by guarantee. It was Incorporated on 17 September 1957 (company number: 590559} and registered as a charity on 31 July 1964 Icharlty number.. 3126691. Kln¢s House School Enterprlses Ltd wasconstltuted as a body corporate Ilmited by8uarantee on 21 May 2010 (company number.. 072614241. The Dlrectors of the charitable company are the Trustees for the purposes of ¢harlty law and are Governors of the School. In the event of the charitable Company being wound up, the Ilabllity In respect of the 8uarantee Is limlted to £1 per Oirector of the charltable company. The address of its registered office Is 68 Klng5 Road, Rlchmond upon Thames, Surrey, TWIO 6ES The information included on pa8es I to 4 forms part of this report.

KING'S HOUSE SCHOOL TRUST (RICHMOND) LTD ANNUAL REPORT AND ACCOUNTS Icontlnued) YEAR ENDED 31 AUGUST 2024 Governors. Officers and Advlsers The King's House School Governors are the charlty trustees of the Klng's House School charity. They have all served in office throughout the year, except where indicated. Together with past Governors {who served in the year as indicated), they are: Occupatlon Date of appolntment. (re518natlon / retlrement} vi Dan Boorman Michael Cunnin Julian DavSson Fiona Drinkall Adrian Edwards Richard Gale Jenn Geor e Vlce Chalr Dr Sarah Ann Hend Chrlstine Laverty Victoria Machado James Owen Lisa Peacock Chris Pollltt Peter Scott Dr Suman ala Sornalln Inv retired r202 3 December 2021 Iresi ned 19 March 2024 22 Janua 2024 2Au ust 2017 22 January 2024 8 Janua 2020 Ilse tember 2021 4 December 2018 27 June 2018 19 November 2015 (retired 8 December 2023) 22 Janua 2024 6 Jul 2017 resi 9 Janua 2020 23 June 2021 7 March 2023 24 June 2023 ut Head, Bisho orporate Financier Private Equit Retired Teacher, Epsom Colle8e ana ement Consultant om an Director HR Consultant De ut Head, Ham ton School hartered Accountant ormer Parent hartered Sur4e or/Fund Mana Barrlster Former Teacher, Harrow khool eneral Mana er edlcal Doctor ate School ham ned S December 2024 ham Whllst re5ponslbility for the dally management of the Sch¢￿1 rests with the Head, Governors retaln overall responslblllty for all aspects of the School's overrea¢hln8 Strate8lc dlrectlon and conduct. To asslst In dlxhar8ln8 this responslblllty, the Governors have creaied sub<ommittees io deal wlth finance, development, staffln8 and educatlonal and pastoral matters, as well as od hoc 8roups when requlred. Memberships of commlttees during the year ended 31 Au8USt 2024 and up to 5 December 2024 {'retlredlresi8ned) were.. Fln•n¢e & D•volopm•nt Commltt•• (FDC) Julian Davison Ichairl Michael Cunningham Adrlan Edwards Rlchard Gale Christlne Laverty. Dr. Rlchard Ward Peter Scott Human R•sour¢•s Commltte• (HRC) Jenny Geor8e Ichair) Dr. Sarah Ann Hendry Christlne Laverty Chris Pollitt Safrfuardlni Commltt•• (SC) Dan Boorman Jenny Geor8e IActlng Chalrl Lisa Peacock Or. Sumangala Sornalin8am Educatlonal & Pastoral Commlttee (EPC) Dr. Sarah Ann Hendry (Chair) Jenny George Chris Pollitt Dr. Sumangala Sornalingam Victoria Machado Health & 5af•ty Commlttee (HSCI James Owen Michael Cunnin8ham Governance & Nomlnatlons Commlttee IGNCI Jenny George Christine Laverty Dr. Richard Ward Bursarles and Publ1¢ Benofft Commlttee IPBC) Lisa Peacock {Chairl Peter Scott Victoria Machado

KING'S HOUSE SCHOOL TRUST (RICHMOND) LTD ANNUAL REPORT AND ACCOUNTS (contlnued) YEAR ENDED 31 AUGUST 2024 Kln8's House School Enterprises Ltd IKHSEI is a wholly owned subsidiary of Kin¢s House School, incorporated to mana8e the School's tradln8 operations (princlpally lettingsl. The Dlrectors of the Company are: Davld Barbour Louls Mather Mark Silver Appolnted.. 1911112015 (Retlred 6112120231 Appolnted.. 101712018 Appointed.. 121412018 IChalr.- From 1111112019- 06111120241 Appolnted.. 1110612019 Appolnted.. 2510412023 Appointed.. 191212024 Appolnted as Chalr.. 0611112024 The Board of Governors Is a self-appolnted body, wlth a pollty for selectlng and re¢ruitin8 new Members. who are elected to the Board by existlng Governors. Service OD the Board Is a maximum of two terms of four years. The same arrangement applies to KHSE. KEY MANAGEMENT PERSONNEL Clndy Yendell Peter Scott Fiona Drinkall Julian Oavlson Head Mark Turner Deputy Head Head of Pastoral Care Martin Shore Alex Churcher Head of Junior Department Head of Nursery Bursar, Company Secretary and Clerk to the Governors Simon Gower Jane O'8rien John Loveland The Head mana8es the day-to4ay operatlon of the School through the Senior Mana8ement Team ISMTI, which comprlses the key management personnel Ilsted above. The Bursar manages the day-to-day operation of the Enterprise Company through the Enterprise Manager. Prfn¢lpal address of Charlty Prlnclpal addr•ss of Kln¢s House S¢hool Ent•rPrI￿ Ltd 68 Klngs Road Richmond Upon Thames Surrey TWIO 6ES 68 Kln8s Road Rlchmond Upon Thames Surrev TWIO 6ES Websftes: www.kln www.kin shouse5 shousesthool.or orts round.co.uk OUR ADVISERS Audltors HaysM¢ LLP Uoyd$ 158 8•Thk plc Moore 8rl¢y•J Solldto 10 Queen Street Place, London EC4R IAG 1st Floor, 39 Threadneedle Street, London, EC2R 8AU The Orlel. Sydenh•m Road, Gulldford, Surrey. GUI 3SR 2 Bwnswick Square. 8lrmln8h•m, &12LP 8•nkers Solkltors Inwr•nc• Broknvs H•ttl• Andr•ws

KING'S HOUSE SCHOOL TRUST (RICHMOND) LTD ANNUAL REPORT AND ACCOUNTS (contlnued) YEAR ENDED 31 AUGUST 2024 OBJECTS AND ACTivrriES: The Charitable Objects of the School are set out in its Trust Deed and the main artivities undertaken to further the ¢haritWs purposes for the publi¢ benefit are to carry on and develop King's House School in Richmond, Surrey and any other school. This includes the provision of boardin8 and/or day schoolin8 for children of either sex anywhere in the world. Ancillary to its main charitable purpose, the charity also makes its facilities, and particularly its playing fields, available to local residents, charitable organisations and schools. Alms Within these Objects, the School's strate8ic aims as an educational charlty for children are.. To provide an environment where the pupils feel supported and safe, and where thelr welfare and safeguardln8 are paramount. 2. To offer an education in whlch the puplls experlence a high quallty, broad and balanced currlculum, whlch en8a8es and challenges them whilst developin8 their knowledge. understandin8 and skllls across the areas of learnlng Illn8Ui5tic. mathernatlcal, sclentiflc, technolo8ical, human and soclal, physical and aestheti¢ and creatlve educatlonl. 3. To attract and retaln pupils who wlll beneflt from and contrlbute to the educatlon that Is on offer at Kln8's House. 4. To attract. support, retaln and develop teachln8 and support staff of the highest calibre, who will enhance the provision to the pupils here. S. To build and maintaln faclllties whlch enhance the educatlon and care offered by the School. 6. To ensure that the School continues to be in a strong position financially* Is efficiently run and is able to dellver on its aims whilst keeplng the fees on an affordable footln8. To enhance the reputatlon of Kin8'5 House School and to build stronger Ilnks wlth the wlder community, Includln8 parents and alumnl. 8. To meet and where appropriate exceed all required standards for a hlgh quallty independent school To embed sustalnability in all aspects of school life. The School is an equal opportunities employer, committed to a working environment that Is free from discrlminatlon and wlll make reasonable adjustments to meet the needs of staff or pupils who are or become dlsabled. The School has an equallty, dlversity and inclusion (EDII workin8 8roup made up of staff from varlous departments of the school, who meet regularly to focus on increasing the diversity of staff and puplls and to ensure that all sch¢ol practices and opportunitles are fair and transparent. The School uses Common Entrance results and senior school entry to monitor Its success and the performance of the puplls remalns a source of great satlsfactlon. particularly as the S¢hool Is non-seleetive In the early years, takln8 pupil$ of all abilitles Into the Nursery and Reception years. The School conslders other measures of success, such as indSvidual and team 5POrtin8 achievements and achievements In performing arts, rnusic. design technology and art. The extent to which parents are involved in school Ilfe is also monitored. as the Governors consider parental involvement as key to the continued Success of the School. The School remalns commltted to working wlth the tommunlty and seeks to increase pupil numbers travellin8 to school by school provided and public transport. Where thls is not practlcable, the School encourages puplls to cycle, walk or share lifts with each other. This activlty to minimize the impact on local traffic is reflected in the School's accreditation with the Transport for London STAR5 scheme. Artfvltks The objectives reflectthe educational aims and the ethos ofthe School and the importance of maintainin8 and enhancin8 its academic success. These objectives are, however, set in the context of the broader 8oals set for the School and its pupils, and a wide range of extra-curricular activitles is provided throughout the school. In settin8 the objectives and plannin8 activltles, the Board and Senlor Management Team have 8iven careful conslderation to the Charity Commission's 8eneral guidance on public benefit and, in particular, to its supplementary public benefit guidance on charging for services. To underline the value placed on continuity for families, a dlscount is offered to parents. The School continues to develop its outreach Initiatives, includin8 bursary awards. and to maximise the use of its estates and sPOrtin8 facilities by other school and communlty8roups for the benefit of children of both sexes, as well as promoting

KING'S HOUSE SCHOOL TRUST (RICHMOND) LTD ANNUAL REPORT AND ACCOUNTS {continued) YEAR ENDED 31 AUGUST 2024 sport In the community. The Bursaries and Public Beneflt Committee review outreach initiatives annually, includin8 bursary awards. A Ilst of other schools and community clubs is maintained and detalls are logged on the Schools Together webslte. Pupils are encouraged to contribute to the development of the school, and there are many opportunltles for the pupll voice to be heard, includin8 eco-team5, school council, house competitions, charity votes, year 8roup forums and the range of lunchtime clubs. The School has an environmental committee made up of pupils from each year group in Ihe Senior Department, who are working on varlous initiatives as part of the Eco Schools accreditatlon scheme. The School holds the Eco-schools Green Fla& which recogni5es the work done by puplls to make the school more envlronmentally friendly and raise eco-awareness in fellow pupi15. The School continues to investigate ways to Improve sustainability and reduce waste through the use of biodegradable food containers in the dining rooms and green bins for recycllng food waste. The waste management /recyclin8 partner can process much of the waste, for example, they have plastic, metal and 8lass recyclin& anaerobic digesters, compostln& 8as to energy plants and refuse-derlved fuel. The School Is commltted to safeguardln8 and promotln8 the welfare of the pupils and expects all staff and volunteers to share this commitment. Parents are given regular informatlon about thelr children's soclal and academic progress through parent5, evenin8s, in additlon to the traditional end of term and year reports. Regular contact with parent5 is malntalned throughout the year throuBh Informal contact and through the blweekly new51etter, website and social medla platforms. All pupils have a Form Tutor who Is responslble for thelr pastoral care and academlc development. In addltion, wlthln the Senior Oepartmentthere are dedicated Headsofyear from Year 5 upwards, and external speakers are invited to the school to speak to the pupils about personal and Internet safety and a range of pastoral issues. The School offers a broad currlculum and Is proud of the advancement In recent years In areas such as computin& desi8n technolo8y, music, art and drama. Computln8 Is taught as a dlscrete subject from Nursery onwards by a specialist teacher, allowln8 pupils lo add depth to thelr subject knowledge, such as learnin8 textual pro8rammin8 from Year S (Python) and Year 7 IHTMLI. Chromebooks are allocated to pupils in Years 6 -8, In desl8n technolo8y, learnlng is based on termly projects incorporatin8 theory and practical modules. Pupils are exposed to techno108V throu8h computer alded desi8n ICADI and computer aided manufacturin8 (CAMI. The Art Oepartment has a fully functionin8 art studio for mediums such as print making, palntin& drawin8 and photoshop, and Is also.equipped wlth a kiln to enable work on ceramlcs projects. The Muslc Department is committed to provldlng a stlmulatin8 and challengin8 all-round muslc education. whllst takln8 care to identify and nurture individual talent and maxlmise pupils, potential. The 12 peripatetic teachers offer indivldual lessons in plano, violin, cello, flute. clarinet, saxophone. all brass, guitar, drum and voice. Many puplls take part In ABRSM exams and there are many co-curricular activities such as ensembles, orchestra, rock bands and traditional choirs. hi8hli8ht in the year is the summerconcert at the Kin8's House School Sports Ground. The Orama Department encoura8es every boy to perform, whether in class, assemblles or as part of a produclion. Drama is used to facilitate key social and communlcative skills and emotional Ilteracy and we have two LAMDA qualified teachers within the team. On the sportin8 front, the School had a successfvl year with the 1st Xl football team maklng it to the final of the Surrey Cup, as well as havlng strong performances from our under 11 A team in the ISFA regional tournament. A8ain, rugby was a key feature with the school entering both the under 11 and under 13 Rosslyn Park 7s festivals. In cricket, the school had number of boys trial for country repTe5entative teams and two boys competed in the National 5wimrning Finals. In January 2024. the School celebrated the Nursery'5 15-year annlversary, havin8 first opened it5 doors in 2009 with a Small group of children, it is now a busy Nursery with 59 chlldren. To mark the occasion, Year 8 puplls who joined in the Nursery joined a party with the Nursery children.

KING'S HOUSE SCHOOL TRUST (RICHMOND) LTD ANNUAL REPORT AND ACCOUNTS Icontlnuedl YEAR ENDED 31 AUGUST 2024 The Nest {Forest School) was offi'cially opened on 23 May Ioutdoor Classroom Day) havin8 been designed and created on a patch of unused land at the sports ground. Year l. Reception and Nursery pupils can now use the site throu8hout the year, and the school is trainlng two members of staff to become qualified Forest School leaders, able to lead sessions. This Initiative would not have been possible without donations from the Woodland Trust and funding from the Friends of Kin8'5 House School. Ducklln8s Parent & Toddler Group h45 continued successfully thls year, runnlng on Wednesday afternoons In the Nursery classroom. In the 2023-24 academi¢ year, 36 chlldren attended, wlth 83% of those then reglsterlng and 64% have already started at Nursery or are due to start In the 2024125 academi¢ year. The sessions have improved the settlin8 In process for those who go on to Join the Nurseryi Wlth the children already famlllar wlth the teachers and classroom environment. It also provides the opportunity to build relatlonships with families. hearln8 their concerns and challenges surrounding childcare and education. In May, the School celebrated Its Inaugural International Day. organised with the Frlends of Kln8's House to ¢elebrate the diverslty and unity of the communlty. Over 30 sta115 representin8 different countries provlded students with the opportunity to learn about different cultures, lan8ua8es, and traditlons from around the world. The event also raised over £2,lJ)O for Dementla UK, the School's chosen charlty for the year. During the summer holidays, the School took the opportunlty to refurblsh 4 classrooms, Includln8 their outslde spaces, repalnt and recarpet the central areas and refurbish three toilet blocks In the Junior Department. In addltlon, an internal partitlon has been created In the 8round floor Nursery room to create two separate classrooms, in line wlth the Nursery prlority of preparin8 puplls for transltion to Receptlon. In the Senlor Department, Inltlal works have taken place related to the approved plannin8 permission, as well as mlnor works to offlces and pupil tollets, as we prepare for 8irls spendln8 time at this site. 8ursary Polky It 15 important to the School that access to the education offered Is not restricted to those who can afford the fees. It Is the School's bellef that pupils benefit from learning within a diverse community, and thi5 is reflected in the provlsion of bursarles. The Governors vlew bursary awards as Important in helping to ensure that children from families who would otherwise not be able to afford the fees, can access the education the School offers. Bursary Awards are available to all parents/8uardlans of chlldren enteflng any year group from Year 3 up to Year 6, and are made at the discretion of the Governing Body on the basis of parental means or to relieve hardship where a pupil's education and future prospects would otherwlse be at risk (for example in the case of redundancyl. The School has appointed an independent company, Bursary Admlnistration Limited. to assess applications and make recommendations for or against an award. The final decision on awards remains with the School. Information about fee asslstance through bursarles is available to all who apply to the School and is published on the website.

KING'S HOUSE SCHOOL TrUST{RICHMOND) LTD ANNUAL REPORT AND ACCOUNTS (contlnued) YEAR ENDED 31 AUGUST 2024 STrATEGIC REPORT: As in previous years, key objectives Included: l) To malntaln the present low teacher: pupll ratlo. whlch the School belleve$ glves puplls the necessary tlme to develop academlc. sportln& artlstlc and soclal skllls. The current ration remains at just under I'.10. 2) To malntaln the current hl&h standards of academlc achlevement at Common Entrance and scholarshlp l•v•l. The leavln8 cohort in 2024 achieved a total of 19 awards over a good ran8e of disciplines e.g. academic, sports. art, music and drama, and all gained places at iheir chosen senlor schools. 31 To Id•ntlfy •nd $upport approprlat•ly th• xademl¢ needs of the pup115. Performance Is measured through educatlonal asse55ment tools which track Individual pupil progress. On80in8 external subject revlews assess the quallty of teachln8. 41 To develop soclal and cultural awareness In puplls through a programme of events to •ncourage 8re•ter soelal awareness and partl¢lpatlon. Activities include assemblies. PSHE, external speakers and outreach activities through the puplls. Charity Committee. During the year, the School also supported charitles includin8 Ukraine, Morocco Earthquake, Llbya Floods, Royal British Le8ion. SPEAR, Richmond Soup Kitchen, Skylarks and Vineyard Community. Donations totalled £12,344.49. The school held Maths Mastercla5ses towhich Year 6 pupilsfrom neighbouringschools are Invited, to provlde the most valuable experlences for the puplls. 5) To ¢•ntrlbut• to th• wlder communlty by enabllng partklp•tlon In a ran8e of sportln& r•¢reatlonal and •ducatlonal a¢tlvlth$. As well as the internal awards and external grants, the School has focused on In¢reasin8 its public benefit and Community outreach work at the sports 8round, as that is where the bl88est impact on the community can be achieved. A number of local state schools and community clubs have re8ular access to the facilities, either at substantlally dlscounted rate or without charge. Ourln8 2023- 2024: Internal Awards I pupll recelved means-tested bursarylhardshlp awards: 3 pupils recelved Slbllni & Staff dlKountS: £19.956 £33,731 External Awards A Brant was made to RNCSF (see below) lo support disadvanta ed chlldren In asslsted boardin laces: £20,000 A grant was made to a local prlmary sthool tosu ort the rovision of s ort and il welfare.. £8,050 A grant was made to The School and Famlly Works social enterprise (see below) to fund one multi-family therapy group to support local children with complex needs to promote their success at school.. £20.0 The School continues to support the Royal National Children's Springboard Foundation IRNCSFI, throu8h parental voluntary contributions of £5,580 and a direct donation of £14.420, in its mission 'to improve and transform the lives of youn disadvantaged chlldren by supporting their educational opportunitles In both state and independent boardin8 schools. By doing this. we seek to improve thelr educational attainment, employabillty and aspiration5'. The School also supports The School and Family Works charity in its aim to 'offer flexible, therapeutic, community based services that enable schools and families to work together to help vulnerable children achieve educational success, via its 'transformin8 lives initiative,. Through this partnershlp, the School has established a direct link with a local primary school and is fundin8 a sports apprentice and pupll counsellin8.

KING'S HOUSE SCHOOL TRUST (RICHMOND) LTD ANNUAL REPORT AND ACCOUNTS (contlnued) YEAR ENDED 31 AUGUST 2024 ACHIEVEMENTS AND PERFORMANCE Pupll nufftbers Educational activltles for boys from the a8es of 4 to 13 are carried out in the Junlor Department and Senior Department buildin8s. In additlon, the Nursery premises provide pre-school facilities for boys and 8irls aged 3 and 4. The Junlor and Senior Departments averaged 370 {2023.' 377) pupils. Numbers in the Nursery averaged SO (2023: 501. Academk The School resolves to maintaln the acadernic. sportin8 and artistlc standards for which it is known, and continue the development of its premises to meet the needs of the pupils movlng forward. A total of 19 awards were achieved across a ran8e of disciplines, includin8 academic, art, music and sport. Destination of pupils: day schools 2023 • 2024 Flqure l.. Comparlson oAsenlor schooh (DA Y) 2023..2024 The chart labovel shows the mlx of senlorday schools In 2023 and 2024 forthe Year8 Cohort. At the end of 2024, 8 puplls moved on to Hampton, 7 Pupils to St Paul's. and 4 to Thomas's College. The School is extremely proud of the ran8e and breadth of day schools selected. Of the Year 8 cohort. 29 moved on to senior day schools in autumn 2024, and IS selected boarding schools. Of the Year 6 leavers, the boys went to a selectlon of day schools. Includin8 Ibstock Place, Emanuel and King's Colle8e School.

KING'S HOUSE SCHOOL TRUST IRICHMOND) LTD ANNUAL REPORT ANO ACCOUNTS (continued) YEAR ENDED 31 AUGUST 2024 Destination of pupils: boarding 2023 • 2024 Flgure 2.. Compar150n olsenlor Khools (BOARDING) 2023..2024 Boardln8 chol¢es also vary year by year. In 2024, 15 pupils boarded, Includln8 4 to 8rlghton College, 3 to Epsom College and 2 at Tonbrld8e and Cranlelgh, As a non-selectlve school, the S¢hool Is proud that all its Year 8 boy$ gained places at thelr chosen schools, rellectlng the School's commitment to a broad currlculum which allows each pupil to achieve thelr potential. Flnan¢lol Aevlew The maln source of Income for the School is through fee income charged for the provision of education. In the 2023- 2024 school year, the fees charged ranged from £3,180 for S mornings in Nursery, £5,280 for Receptlon and £6,890 in the Senior Department. The maln expendlture of the S¢hool Is staff salarles. Staff are key to the on8oln8 su¢¢ess of the School and the khool, therefore, continues to Invest In the highest standard of teathln8 and admlnlstrative staff. The School is also committed to ensurln8 continued professlonal development for all staff. Premlses Costs are the second major expense of the School and, thls year, fvrther renovatlon work was undertaken both at the three teaching sites In Richmond and the sports ground in Chiswlck. 10

KING'S HOUSE SCHOOL TRUST (RICHMOND) LTD ANNUAL REPORT AND ACCOUNTS (contlnuedl YEAR ENDED 31 AUGUST 2024 Accounts Summary Year endln8 August 2024 7.769,653 681,176 8,450,829 {4,943,519) 13,305,078) 18,248,597) 202,232 Year endlng Au8USt 2023 £7,493,496 £883,370 £8,376,866 £{4,667,8671 £12,846,986) £{7,514.853) £862,013 Fee Income Other Income Total Incame Staff costs Other costs Total Expenditure Net Incoming resources on School aclivltles Tradin8 Subsidiary Income 8enerated throu8h lettln8S Expenditure Enterprlse Companrfs operating profit Comblned Surplus for the year The parents have the peace of mind of knowing that the Board Is continuing its strategy of deployln8 all net incomlng resources to Investln8 in the educational purposes and fabric of all the school sites, In line wlth the School's Objects. 991,179 1673,1851 317,994 £520.226 £860,832 £{577,390) £283,442 £1,145.455 As an educational charity, the School currently enjoys tax exernptlon on Its educatlonal actlvities and on its investment income and gains, provided these are applled for charltable aims. The School is currently entitled to an 80% redurtion in business rates on the property occupied for charitable purposes. The financial benefSt5 recelved from these tax exemptions are all applled for educatlonal purposes and Indirectly help malntain the bursary policles and publlc benefit activlties. However, as an educatlonal charlty, the School Is unable to reclaim input VAT on costs, as itls currently exempt for VAT purposes. The School also pays tax as an ernployer through National Insurance contrlbutions. Future Pkns The Board of Governors held Its annual Vlsion Day In October 2024. to review the present position of the School in relatSon to the Strategic Development Plan ISDPI and assess potential threats, weaknesses, opportunitles and strengths. The Board has ratified the intention to Continue the current strate8les of maintainlng the School's posltion Sn a competltive market by Investin8 to provide a hi8h-quallty educatlon for the pupils. Achlevin8 a hi8h standard of academic results Is a constant aim, whilst malntainin8 the breadth and depth of the education provided. Following the successful implementatlon of co- ed in Reception and Year l in September 2024, the School recently announced the Intentlon to admit 8irls Into Year 7 from September 2025. From the start of the next academic year, girls will be able to join Kin8'5 House in all year groups from Nursery to Year 2, and in Year 7. The major development project for the Senlor Department remains a key priority for the Board and plannin8 permisslon was formally granted on 10 June 2022. Thls project seeks to replace several pOOr￿UalIty school buildin8S With a state-of- the-art music, arts and teachin8 block, supported by a creative landscapln8 plan and some refurbishment works to the existin8 buildings.

KING'S HOUSE SCHOOL TRUST IRICHMOND} LTD ANNUAL REPORT ANO ACCOUNTS (contlnuedl YEAR ENDEO 31 AUGUST 2024 The School sees the key benefits of this scheme as follows: Better quallty learning and teachln8 environments for pupils and staff and for those community groups who beneflt from bein8 able to use the School. Greatly enhanced landscape around the buildings, providing additional natlve wlldflower, shrub and tree plantln& as well as flexlble play space and outdoor learning environments. Ratlonallsed and Improved accommodation, whlch is easier to navigate and 15 more accessible and Inclusive for a wlder ran8e of users. Bulldlngs constructed to rlgorous sustainability criteria and standard5, resultin8 in highly efficient and sustainable bulldln8s on slte and contributln8 to reducin8 carbon use. Herltage beneflts, through the removal of unsightly bulldings that have been added in a piecemeal way slnce the maln Vlrtorlan bulldln85 were constructed. The proflle of the sports ground Is Increasin8 through a programme of refurbishment and re-brandln& particularly designed to ralse the reco8nltlon of the Ilnk wlth the School. New $18na8e and advertising across the site have been Installed, as well as the re-launch of the webslte and an enhanced hospitality offer. The School has also taken Into account requests from parents for extended 'wrap around, care, and provides Early Blrds startln8 at 8am and a range of after-school activities until 6pm, through speciallst provlders and Ofsted registered partner Aprés khool. These servlces are available to all pupils from the second year of Nursery throu8h to Year 8 The School has decided to Increase tuitlon fees for the academlc year 2024-2025 by 5.S% to reflect the underlyln8 Inflatlonary pressure felt across the cost base. Fortunately, pupll numbers, overall, remaln 8ood, but the rlsk of further dlsruptlon both to the puplls, education or operation of the sports ground from Covid-19 or other factors beyond the School's dlrect control. has made the School give careful conslderatlon to any discretlonary projects (see risk analysls below). From l January 2025, the Government wlll apply VAT to independent school fees, and remove the 8￿￿ business rates relief from l April 2025. As such, the School has decided to apply a further 15% uplift to fees from January 2025, whllst absorbing the loss of business rate relief. However, wlth strong cash reserves and no debt, the Governors are confldent that the School will have sufficient cash resources to continue to operate successfully In the current envlronment. Rlsk Manaqement The Governor5 have a risk management Strategy that comprises: An annual revlew of the prlncipal risks and uncertalnties that the School faces. The establishment of policies. systems and procedures to mitl8ate those risks Identified in the annual review. The implementation of procedures designed to minimise or mana8e any potential impact on the School, should those risks materialise. Prlnclpal Rlsks The Governors have considered the princlpal risks and uncertainties faclng the School. The Risk Register is reviewed by Governors in full once a year, and risks are considered at each governor meetin8. An example of key rlsks identified durlng the year is as follows: Risk Descrlptlon l update VAT bein8 introduced on school fees via a Flnance Act from January 2025, and removal of 80% business rates relief from April 2025 putting pressure on parent finances I pupil numbers. Political and Tax Risks Increasing costs, primarily driven by the increases in Teachers, Penslon provislon, puttin8 12

KING'S HOUSE SCHOOL TRUST (RICHMOND) LTD ANNUAL REPORT AND Accoumfs {contlnued) YEAR ENDED 31 AUGUST 2024 additional pressure on fee increases and long-term affordability. War in Ukralne, Middle East and increased political instability 8lobally. Pandemic Pandemic resultin8 In School or year group closure and transition to remote leamin8. Requests for fee dlscounts and affordability Issues for parents. Economic and Operational Risks Rising inflation and cost of livin8 pressures, Impactin8 the affordability of prlvate education for parents and staff salary levels. Demographlc rlsk as parents cannot afford to Ilve In Rlchmond or relocating further from London. Affordablllty of strategic development projects due to inflation and risln8 Interest rates. Techno108y Increasing cyber-attacks across the sector. Ransomware Infertion from external hacks. The main fundlng of the School Is throu8h fee Income and, therefore, uncertalntles over future pupll numbers are always a factor for consideratlon. In order to minlmlse this risk, the School has invested si8nificantly In the marketing "bulldin8 blocks" required to improve pupll numbers and develop the brand through the webslte, soclal media plalforms and targeted advertlslng campaigns, The traditional method of magazine advertisin8 and mall drops are not considered to be productlve and have been d15continued, except for one or two carefully chosen publicatlons. The chan8in8 political and economic landscape is closely followed throughout the year, particularly In relatlon to the Imp051tion ofVATon school fees. Member5 ofthe Senior Management Team and Governors attend semlnars and briefin8S throu8hout the year to keep abreast of industrylssues. The School particlpates In a number of Industry surveys to asslst wlth settin8 fees and salarles. In addition, the School surveys parents and staff regularly, and pupll feedback is obtalned through a variety of Pupll Volce groups. These surveys are reviewed by the Flnance and Staffln8 Committees to Inform the Strategic Developmenl Plan and assist in bud8et settlng. The Governors have ensured that full insurance Is in place to mltlgate flnanclal risk. The increasing risk of cyber-attack has been assessed and additional insurance has been put into effect to mltlgate the potential impact of such attacks. Trainin8 has been provlded to all staff to ralse awareness of the potential cyber risks both at school and ai home. The School works hard to ensure that debtors are well managed, and the Finance Commlttee revlews outstandlng debts on a termly basis. The School offers the option for parents to pay fees In advance to support the cash flow. Through the Health and Safety Committee, rlsks to staff, puplls and vlsltors are considered. The Health and Safety commlttee reviews all incident reports and considers the reports from independent specialists engaged to undertake health and safety. fire and security audits of the school premises. Last year, a health and safely audit was commlssloned by the School through an independent consultancy, and flndlng5 and action5 are were addressed durlng thls academic year. The Safeguarding Governors undertake termly revlews to ensure that staff are familiar with all safe8uardin8 practices and procedures and have been adequately trained They a150 review the termly Complaints Report. Compllance i55ues are considered by each sub-committee, according to Its term5 of reference. 13

KING'S HOUSE SCHOOL TRUST {RICHMOND) LTD ANNUAL REPORT AND ACCOUNTS (contlnued) YEAR ENDED 31 AUGUST 2024 POLICIES Investment Polky The Governors believe that investment In the development of the School's faclllties is a key priority and, accordin8ly, make Ilmlted external Investments. The khool contlnues to monltor the market value of its properties in relation to thelr book value. Pollcles and pmcedures The School is grateful for Governors, support in areas of Child Protection and Safeguarding. Appropriate Safer Recrultln8 training has been undertaken by certain members of the Governin8 Body, to help In areas of recruitment and to meet current re8ulatory and inspection guidelines. All Governors have received trainin8 in Safe8uardin8 Chlldren. The School's Compliance Officer ensures that all re8ulatory pollcles are kept up to date, and these and other pollcles are reviewed internally and externally durlng the year as approprlate. ReseNes The Board regularly revlews the General Fund and the desl8naled funds to ensure that they are ai approprlate levels. Two deslgnated funds are set aslde and built up each year. The Property Fund has Increased In 2024 to £6,503,458. The Bursary Fund has increased In 2024 to £111,061 after a transfer to it of £60,000 and awards made of £58,085. The General Fund stood at £5,614,503 at year end. Transfers are made to the Property Fund when there are surplus funds available, to reflect the relnvestment ofthe School's surpluses. In common with other independent schools, the Board has invested substantlal sums into new school buildings in recent years and has a continuing programme of refurbishment, redevelopment and investment to malntaln excellent teachin8 facilities for our pupils. The purpose of the Bursary Fund Is to offer assistance to children who may beneflt from Independent educatlon and to help existing parents who rnay suffer sudden financial difficulties. Additionally, the charlty plans to contlnue developln8 Its outreach inltlatives. and to draw from the Bursary fund to support charities that are focused on improvin8 the lives of dlsadvantaged chlldren. The Board is comfortable that the current level of free reserves of £4,073,828 Is sufflclent to meet the operatln8 requirements of the Sch¢x+l and is equivalent to approximately six months, expenditure. However, 8iven the increasinglv uncertain times, the Board has initiated a project to determine both a minimum and target level of free reseprfes for the School. The Board considers that, 8iven the stren8th of the charitrfs balance sheet. the stable cash flow from student rolls and Its continuln8 popularlty, the School has sufflclent reserves to contlnue as a 8oin8 concern in the future. FUNDRAISING The School is not registered with the Fundraising Re8ulator and has not en8a8ed in professional fundraising during the year. Any fundraising activities In aid of charities supported by the School and the Pupil's Charlty Commlttee, are notlfled to parents during the year through the biweekly newsletter, whlch is emailed to parents. There were no complaints received during the year and the School has robust policies tn place regarding vulnerable people and treating donors fairly. 14

KING'S HOUSE SCHOOL TRUST (RICHMOND) ITD ANNUAL REPORT AND ACCOUNTS Icontlnued) YEAR ENDED 31 AUGUST 2024 sTrucruRE. GOVERNANCE AND MANAGEMENT Governlnq Document The School is governed by the charltable Trust Deed datin8 from 1957 and last amended in 2009. The Articles of Association were amended and updated in December 2018 and re8lstered at both Companies House and the Charlty Comm15510n. Recrultnmnt and Trnlnlnq 016overnors The Governors are elected at a full Governin8 8ody rneetin8. Governors are appointed by the Board for two lerm5 of 4 years. Procedures are in place to identify and recrult suitable individuals to provlde strength and balance to the Board. Key areas of expertise considered are education, finance, child welfare, le8al, property and human resources. On appointment, Governors are inducted into the worklngs of the Charlty, and brlefed on thelr le8al obllgations under charity and company law. They are provided with a copy of the charit¢s Memorandum and Articles of Association, the Board Structure, committees and declslon-makln8 process. New Governors are briefed on ihe recent flnantial and academlc performance of the School and tradln8 subsldlary. Governors are encouraged to allend, and do attend. events at the school, tralnln8 sessions and external seminars held by the Asso¢lation of Governin8 Bodies of Independent Schools IAGBISI, the Independent Schools, Bursars, Assoclation IISBA) and other professional bodies Includln8 haysmaclntyre and accredlted child protection trainin8. They have access to a varlety of publicatlons relatln8 to governance and developments In educatlon, whlch are clrculated to all members of the Governln8 8odv. Oryanlsatlonal Monoqement As trustees of the Charlty, Governors determine the policy of the khool, and are legally responslble for the overall management and control of Klng's House School. Day to day managemenl is delegated to the Senlor Mana8ement Team. Sub Commlttee 8urMrles •nd Publlc 8enrft Commlttee What It does Meets at a minlmum once a year to review the School's bursary and publlc benefit provlsion ond rnjke recommendatitins for the followln8 year. Education & Pastoral Commlttee {EPC Meets each terrn to revlew the School's academlc achievements and pastoral care. Fln•nc• & Developnmnt Commlttee IFDC) Meets each term to revlew the fifianclal performance of the School. Approves the annual budget. ftevtews the audited accounts and annual report for approval by the Board. Revlews development projects and makes ￿0MmendatIonS to the Board based on the School's Strategic Development Plan. Reviews the Rlsk Re8iSter annualw and assesses risks termly. Human Resources Commlttee IHRC) Meets twice a year to review terms and conditions of employment lincludin8 remuneratlonl of all Staff, including key personnel. Provides an alternative fowrn for personnel issues outside the usual management procedures. Hulth & Safety Commttte•1115C) Meets each teim to revlew 155ues relating to health. safety and welfare of pupils, staff and visltors. Review5 policie5 and ensures procedures are effetti¥e. Governance & Nomlnation5 Commlttee IGNCI Meets at least annually to a5se55 the Governors. self-evaluation que5tlonnaires. Reviews Governors, skills matrix, committee membership and plan5 successlon and recruitment of Governors. 15

KING'S HOUSE SCHOOL TRUST (RICHMOND) LTD ANNUAL REPORT AND ACCOUNTS (continued) YEAR ENDED 31 AUGUST 2024 saI￿Uarding Commlttee Meets each term to review all safe8uardin8 issues and policies and Slngle Central Register. Ensures that all staff are recruited in accordance with the Safer Recruitrnent Policy. Ensures that Safe8uardln8 matters are effectively dealt with. Conducts audits to ensuie all staff are aware of Safeguarding procedures and practices. Relotedpartles None of the Governors recelve remuneration or other benefit from their work with the School. Any contractual relationship must be disclosed and notes of interest are retained in written form. Many of the Governors are parents of former pupils of the School, however, it is a Board policy ihat no current parents are recruited to joln the Board. As a company limited by guarantee, the School has set up a Re8lSter of Persons with 51gnificant Control. The company knows or has reasonable cause to believe that there Is no re8iStrable person or reglstrable relevant legal entlty In relatlen to the companv. The School Incorporated Kln8'5 House khool Enterprises Ltd, a wholly owned subsidlary company, to mana8e the lettlngs of the varlous school properties, most Slgnlficantly the Klng's House Sports Ground, the leasehold of which was acqulred In 2010 and was extended In 2020. The Enterprise Board comprlses a mlnlmum of one Governor of Kin8's House School and at least two independent Dlrectors. The Board meets termly to revlew the Enterprlse operation and financlal performance and makes recommendatlons to the school Board through the FDC for development of the facllitles. The Head and the Bursar attend all meetings of the Enterprlse Board. The subsldlarls mission Is to provlde sportln& recreational, social and other facilitles for the puplls of the school and for the wider communlty, to mitlgate Ihe Costs of runnln8 the grounds, and the Enterprise Company accounts are consolidated Into the School's Annual Accounts, Kin8's House School Enterprises Limited has recorded the School as a Person with Signiflcant Control. 16

KING'S HOUSE SCHOOL TRUST IRICHMOND) LTD ANNUAL REPORT AND ACCOUNTS I￿ntInued) YEAR ENDED 31 AUGUST 2024 Pay pollcylorsenlorstaff The School operates banded salary ran8es for all teaching staff, including senior staff. The banded ranges are benchmarked a8ainst other independent schools which are registered with ISC. Non-teaching senior staff salary levels are compared to other appropriate benchmarks. This allows the School to remain an attractive employer in the independent school sector. The bands are revlewed annually and, generally, an Inflationary increase Is applied. This is dependent upon the financial success of the charity and increases being offered In similar schools. GOVERNORS, RESPONSIBILMES IN RELATION TO THE FINANCIAL STATEMENTS The Governors (who are also directors of the charitable company for the purposes of company law) are responsible for preparlng the Governors, Report and the financial statements In accordance with appllcable law and United Kln8dom Accountin8 Standards {Unlted Kin8dom Generally Accepted Accountin8 Practice}, includlng ihe Charitles SORP and Flnancial Reportin8 Standard 102. Company law requires the directors to prepare flnancial statements for each financlal year, whlch glve a true and falr vlew of the state of affairs of the charltable company and Group and of the incomln8 resources and application of resources, Includin8 the Income and expenditure of the Charity and Group for that period. In preparin8 these financial statements, the trustees are required to: Select Sultable accountin8 policles and apply them conslstentlv; Observe the methods and prlnclples In the Charitles SORP IFRS 102). Makejud8ements and estimates that are reasonable and prudent,. State whether appllcable UK Accounting Standards have been followed, subject to any materlal departures disclosed and explained in the financial statements. and Prepare the accounts on the 8oln8 Concern basls, unless It Is Inapproprlate to assume that the company wlll contlnue in operatlon. The trustees are responsible for keeping proper accountin8 records that disclose, wlth reasonable accuracy at any tlme, the financial positlon of the Charlty and Group and enable them to ensure that the financlal statements comply with the Companles Act 2006. They are also responslble for safeguardin8 the assets of the Charlty and hence for taklng reasonable steps for the prevention and detectlon of fraud and other irre8ularltles. As dlrectors, they also confirm that there is no relevant audlt Information of whlch the company's audStors are unaware and they have made all necessary enqulrles and taken such Steps that they ought to, io ensure that they become aware of any relevant audlt Information, and they conflrm that the Charltls audltors have been made aware of such Informatlon. Thls Annual Report. whlch Incorporates the Strate8lc Report, was approved by the Board of Governors of Kln8's House th School on 5 December 2024 and slgned on its behalf by: Dr Richar Chalr of Governors 17

INDEPENDENT AuorroR'S REPORT TO THE MEMBERS AND GOVERNORS OF KING'S HOUSE SCHOOL TRUST (RICHMOND) LIMITED Opinion We have audited the financlal statements of Kin8's House School Trust (Richmond) Limited fortheyear ended 31 August 2024 which comprise the Group Statement of Financial Activitles. the Group and Parent Charitable Company Balance Sheet, the Group Statement of Cash Flows and notes to the financial statements, including a summary ol significant accountin8 pollcles. The financial reportin8 framework that has been applied in their preparatlon is applicable law and United Kin8dom Ac¢ountin8 Standards, includln8 Financial Reportin8 Standard 102 The Finonciol Reporting Standard opplicoble in the UK and Republic of Ireland {United Kingdom Generally Accepted Accountin8 Practlcel. In our oplnlon, the financial statements.. give a true and fair view of the state of the group and parent charitable companlls affalrs as at 31 August 2024 and ofthe8roup and parent charltable companrfs net movement in funds, including the income and expenditure, for the vear then ended. have been properly prepared in accordance with Unlted Kingdom Generally Accepted Accountin8 Practice; and have been prepared In accordance wlth the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS (UK)) and applicable law. Our responsibilities under those standards are further descrlbed in the Audltor's responsibilltles for the audli of the financial Statements section of our report. We are independent of the group In accordance with the ethlcal requirements that are relevant to our audlt of the financial statement5 In the UK, includln8 the FRCS Ethical Standard, and we have fulfllled our other ethlcal responsibilities In accordance with these requlrements. We belleve that the audit evldence we have obtained Is sufficient and approprlate to provide a ba515 for our oplnlon. Con¢luslons r•latlni to ioln6 concern In audltin8 the financial statements, we have concluded that the trustees, use of the golng concern basis of accountlng in the preparatlon of the financial statements Is appropriate. Based on the work we have performed, we have not Identified any material uncertainties relatln8 to events or conditions that, individually or collectively, may cast Sl8nificant doubt on the group or parent charitable company's ablllty to contlnue as a Boing concern for a period of at least twelve months from when the financial statements are authorised for Issue. Our responslbllltles and the responsibilitles of the trustees wlth respect to goln8 concern are descrlbed In the relevant sections of this report. Other Informatlon The trustees are responslble for the other informatlon. The other informatlon comprises the Information included in the Trustees. Annual Report. Our oplnion on the financlal statements does not cover the other informatlon and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connectlon wlth our audlt of the financial statements, our responsibillty is to read Ihe other Informatlon and, In doing so, conslder whether the other information is materlally inconsistent with the financial statements or our knowledge obtalned In the audit or otherwise appears to be materlally mlsstated. If we identlfy such material Inconsistencles or apparent material misstatements. we are requlred to determine whether there Is a material misstatement In the financial statement5 Or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of thls olher information, we are required to report that fact. We have nothing to report In thls regard. Oplnlon$ on oth•r matters prescrlbed by the Companles Art 2006 In our opinion, based on the work undertaken In the course of the audit.. the Information given in the Trustees, Annual Report (which includes the strate8ic report and the directors, report prepared for the purposes of company lawl for the flnancial year for which the financlal statements are prepared is consistent with the financial statements; and the strate8ic report and the directors, report included within the Trustees, Annual Report have been prepared in accordance with applicable le8al requlrements, 18

INDEPENDENT AUDrrows REPORTTO THE MEMBERS AND GOVERNORS OF KING'S HOUSE SCHOOL TRUST (RICHMOND) LIMrrED Matters on whlch we are fequlred to report by ex¢eptlon In the li8ht of the knowledge and understanding of the 8roup and parent charltable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report (which incorporates the strate8ic report and the directors, report). We have nothing to report in respect of the followin8 matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept by the group and parent charitable company- or the group and parent charitable company financial statements are not in agreement with the accountlng records and returns; or certain dlsclosures of trustees. remuneratlon 5pecifled by law are not made. or we have not recelved all the Information and explanations we require for our audil. R•sponslbllltl•s of tru$te¢s for the flnanclal statements As explained more fully in the trustees, responsibilitles statement set out on pages 19, Ihe trustees (who are also the directors of the 8roup and parent charitable Company for the purposes of company lawl are responslble for the preparation of the rinanclal statements and for beln8 satlsfied that they 8lve a true and fair vlew, and for such Internal control as the trustees determlne is necessary to enable the preparatlon of financial statements that are free from material mlsstatement, whether due to fraud or error. In preparing the flnancial statements, the trustees are responsible for asse551n8 the group's ablllty to contlnue as a goin8 concern, disclosin& as applicable, matters related to 8olng concern and using the 8olng concern basis of accountin8 unless the trustees either intend to Ilquidate the group or parent charltable company or to cease operatlons, or have no realistlc alternative but to do so. Audltorfs responslbllltles for the audlt of th• flnancl•l statem•nts Our objective5 are to obtain reasonable assurance about whether the financial statements as a whole are free from materlal mlsstatement, whether due to fraud or error, and to Issue an auditorfs report that includes our opinion. Reasonable assurance is a hl8h level of assurance, but Is not a 8uarantee that an audlt Conducted in accordance wlth ISAS {UKI will always detect a materlal mlsstatement when It exlsts, Mlsstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to Influence the economlc declslons of users taken on the basis of these flnanclal statements. Irre8ularities, including fraud, are Instances of non-compllance wlth law5 and re8ulations. We desSgn procedure5 In line wlth our responsibllltles, outlined above, to detect material misstatements in respect of Irre8ularlties, includln8 fraud. The extent to whlch our procedures are capable of detectln8 Irre8ularities, Includln8 fraud is detailed below. Based on our understandln8 of the 8roup and parent charltable company and the envlronment in which It operates, we identified that the princlpal rlsks of non-compllance with laws and re8ulations related to employment law, safe8uarding regulatlons and Charity and Company law, and we consldered the extent to whlch non-compllance ml8ht have a material effect on the financial statements. We also considered those laws and regulations that have a dlrect Impact on the preparation of the financial statements such as the Companies Act 2006, Charities Art 2011 and Charllies SORP. We evaluated managemenvs Incentlves and opportunltles for fraudulent manipulatlon of the flnancial statements (In¢ludin8 the rlsk of overrlde ofcontrolsl. Audlt procedures performed by the engagement team Included.. Inspectlng minutes of Tru5tees' meetin8S- Reviewing the latest Independent Schoo15 Inspectorate IISII reports. Inspecting correspondence with regulators and tax authorities. Discussions with management includin8 consideration of known or suspected instances of non-compliance wlth laws and regulation and fraud. Evaluatin8 management's controls deslgned to prevent and detect irre8ularities; Identifying and testing journals; and Challen8in8 assumptions and judgements made by management In their crilical accounting estimates. These related to depreciation and bad debt provlsions. 19

INDEPENDENT AUDITOWS REPORTTO THE MEMBERS AND GOVERNORS OF KING'5 HOUSE SCHOOL TRUST (RICHMOND) LIMITED Because of the inherent limitatlons of an audit, there Is a risk that we will not detect all irre8ularities, including those leadlng to a materlal misstatement in the financial statements or non-compliance with re8ulation. This rlsk increases the more that compllan¢e wlth a law or regulation is removed from the events and transactlons reflected in the financial statements, as we wlll be less Ilkely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurrln8 due to fraud rather than error, as fraud involves intentional concealment, forgery. collusion. omission or misrepresentation. A further description of our responsibilities for the audit of the financlal statements is located on the Financlal Reportln8 Council's website at: www.fr .or rsre . This description forms part of our auditorfs report Use of our report This report is made solely to the charltable company's members, as a body, In accordance with Chapter 3 of Part 16 of the CompaniesAct 21X)6. Ouraudit work has been undertaken $0 thatwe mlsht state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permltted by law. we do not accept or assume responslbllity to anyone other than the charitable company and the charitable company's members, as a body, for our audit work, for thls report, or for the opinions we have formed. Kathryn Burton {Senlor Statutory Auditorl For and on behalf of Haysmac LLP, Statutory Audltors Date.. 1611212024 10 Queen Street Place London EC4R IAG 20

KING'S HOUSE SCHOOL TRUST {RICHMOND) UMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (I￿ludI￿ Income and expendlture account) FOR THE YEAR ENIXD 31 AUGUST 2024 Unrestrlrted fund$ General l)esl8nated 2024 Total 2023 Total Notes INCOME FROM Charltable actlvltles School fees receivable Other income 7,789.608 520,066 {19,9551 7,769,653 520,066 7,493,496 499,435 Tradln8 a¢tl¥ltles 1,012,170 1,012,170 880,794 Inv•stm•nt Incom• 122,864 122,864 74,453 Donatlons 9,05S 8,200 17,255 29,491 Surplus on sale of property 260,029 Total Income 9,453,763 (11,7551 9,442,008 9,237,698 EXPENOITURE ON Ralsln8 lunds 245,742 245,742 299,795 Charltable •ctfvltl•s Educatlon and 8rant makin£ 8,629,710 46,330 8,676,040 7,792,448 Total expendlture 8,875,452 46,330 8,921,782 8,092,243 N•t Incom• b•fore transf•r 578,311 158,08SI 520,226 1,145,455 Transfers 16 146,907 {146,907) Net Incom• 725,218 (204,9921 520,226 1,145,455 8alance brought forward 4,889,285 6,819,511 11,708,796 10,563,341 Balance carrled forward 16 S,614,503 6,614,519 12,229,022 11,708,796 All activlties are contlnuin8. There were no recognized 8ains or losses other than those shown in the above Statement of Flnancial Activities. The Statement of Financial Activities for the comparatlve period is presented in note 22. Donations income includes £7,srx)12023.. £2,500) of restricted donations which were fully spent before the year end in accordance with the relevant restrirtions. These have not been separately disclosed due to being immaterlal. 21

KING'S HOUSE SCHOOL TRUST (RICHMONO) UMITED CONSOLIDATED AND CHARITY BALANCE SHEET Re8lstered Company 5905S9 AS AT 31 AUGUST 2024 2024 2023 Group School Group Sch(￿1 Notes INVESTMENTS li 1,000 TANGIBLE FIXED ASSErs io 8.044,136 8,012.497 8,413,974 8,385,444 CURRENT ASSETS Debtors Cash at bank and in hand 12 13 S51,110 8,188,391 529,386 7,838,904 524,208 5,781,725 349.901 5.610,358 8,739,501 8,368,290 6,305,933 5,960,259 CREDITORS: amounts du• wfthln one year 14 12,604,702) (2,562.936) 11.756.711) 11,696,982} NET CURRENT ASSETS 6,134,799 5,805,354 4,549,222 4,263,277 TOTAL ASSEfs LESS CURRENT LIA81UTIES 14,178,935 13,818,8SI 12,963,196 12,649,721 CREDITORS: amounts due aft•r one year Is 11,949,913) 11,949,913) {1,254,400) 11,254,400) NEf ASSETS 12,229,022 11.868,938 11.708,796 11,395,321 REPRESENTED BY: Unrestrlcted Funds - General Non charitable trading funds 5,254,419 360,084 5,254,419 4,575,810 313,475 4,575,810 li 16 16 5,614,503 6,614,519 5,254.419 6,614.519 4,889,285 6,819,511 4,575,810 6,819,511 - Desl8nated 12,229,022 11,868,938 11,708,796 11,395,321 Kin8's House School Trust {Richmondl Limited has taken the exemption from presenting its unconsolidated statement of financial activities under section 408 of the Companies Act 2006. The net movement in funds of the Charity was a surplus of £473,617 {2023: £1.282,640). The financial statements were approve d authorised for issue by the Board on 5 December 2024 and signed on its behalf Dr Richard Ward The accompanyin8 notes on pages 24- 36 form part of these financial Statements. 22

KING'S HOUSE SCHOOL TRUST (RICHMOND) LIMrrED CONSOUDATED CASH FLOW STATEMEKr YEAR ENDED 31 AUGUST 2024 2024 2023 Notes Cash flows from operatln8 actlvltles Net income Interest received Interest payable Depreclation charge Isurplusllloss on disposal of fixed assets {Increasel in debtors Increaselldecrease) in credltors 520,226 1122,8641 1.145,455 174,4531 380 353,766 1260,0281 147,089) 759,829 531,126 (26,9021 1,543,504 N•t cash provld•d by operatln8 actlvltles 2,445,090 1,877,860 Cash flows from Investlni actlvltles Purchase of tangible fixed assets Proceeds from sale of tangible fixed assets Investment Income 1161,2881 11,969,667) 310,382 74,453 122,864 N•t cash used In Investlnl actlvltles 138,4241 {1,584,832) Cash flows from flnanclnq actlvltles Repayment of loan Interest paid (52,643) 1380} N•t cash used In by fln•n¢lni •rtlvltb•s 153,023) Net movement in cash and cash equivalents Cash and cash equivalents at the beginning of the year 2,406,666 5,781,725 240,005 5,541,720 Cash and cash equlvalents at the •nd of th• perlod 13 8,188,391 S,781,725 Analysls of cash and c•sh equlval•nts At 31 August 2024 At 31 AU￿$¢ 2023 Cash at bank 13 8,188.931 5,781,725 8,188,931 5,781,725 The accompanying notes on pa8e$ 24 - 36 form part of these financial statements. 23

KING'S HOUSE SCHOOL TRUST (RICHMOND) UMITEO NOTES TO THE FINANCIAL STATEMEpirs YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Accountln8 conventlon The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK {FRS1021, the Companies Act 2006 and the Statement of Recommended Practice for Charitles (SORP 20151 (Second Edition, effective l January 20191. Figures are presented In sterling and rounded to the nearest pound. The Charity is a Public Benefit Entity as defined by FRSIO2. The attounts are drawn up on the hlstorical cost basls of accounting. as modlfied by the revaluatlon of investments. Crltlcal accountln8 Judgements and key sources of estlmatlon uncertalnty In the application of the accounting policies, Governors are required to make jud8ement, estlmates, and assumptions about the carryin8 value of assets and Ilabllities that are not readlly apparent from other sources. The estlmates and underlying assumptions are based on hlstorlcal experience and other factors that are consldered to be relevant. Actual results may dlffer from these estimates. The estlmates and underlying assumptlons are reviewed on an ongoing basis. Revislons to accountlng estimates are recognised in the period in which the estimate Is revised if the revision affects only that period, or In the perlod of the revlsion and future periods If the revision affected current and future periods. In the vlew of the Governors, the only assumptlons concerning the future or estlmation uncertalnty afferting assets or Ilabilities at the balance sheet date are depreciation and bad debt provisions. 1.1 Consolldatlon The accounts consolldate the results of the Trust and KIn￿S House School Enterprises Limited, a separalely reglstered and in¢orporated company, for the year ended 31 Au8USt 2024. Kin8'5 House School Trust (Rlchmond) Limited has taken the exemption from presenting Its unconsolidated statement of flnanclal activitles under section 408 of the Companies Act 2(Kl6. 1.2 Goln8 Concern The Governors conslder that there are no materlal uncertainties regardln8 the charitvs ability to contlnue as a going concern. The Governors have reviewed budgets and associated cash flow forecasts and consider there to be no material uncertainties about the ¢harlVs abllity to contlnue as a going concern. 1.3 khool fees Fees receivable and Charges for services and use of premises are accounted for in the perlod In which the servlce is provlded. Fees receivable are stated after deductin8 allowances and other remissions 8ranted by the School, but include contributions received from Desi8nated Funds for bursarles and other grants. Fees recelved in advance of education to be provlded in future years under an Advance Fee Payments Scheme contract are held as interest-bearin8 liabilities until either taken to Income in the term when used or else refunded. 1.4 Investment Income Investment income includes interest on bank balances. which are accounted for on an accruals basis. 1.5 Donatlons Income Donations are accounted for as and when entitlement arlses. the amount can be reliably quantified and the economic benefit to the School is considered probable. Oonatlons for purposes restricted by the wishes of the donor are taken to "restricted funds. where these wishes are legally blnding on the Trustee5. 24

KING'S HOUSE SCHOOL TRUST (RICHMOND) LIMITED NOTES TO THE FINANaAL STATEMENTS (contlnued) YEAR ENDED 31 AUGUST 2024 ACCOUNTING POUCIES (contlnued) 1.6 Expendlture Expendlture Is accounted for on an accruals bas15. Tradlng costs comprlse expenditure incurred by Kin¢s House School Enterprises Limited in the normal course of buslness. Flnance costs comprlse Interest payable on the School's borrowings and assoclated charges Incurred. Charltable actlvltles costs represent costs dlrectly associated with the provlsion of education and related support costs, Includln8 governance costs. Governance costs comprise the costs of runnin8 the Charlty, including strategic plannin8 for Its future development, external audlt, any legal advlce for the School's Governors, and all the costs of complylng wlth constltutional and statutory requlrements, such as the costs of Board and Commlttee meetlngs and of preparin8 Statutory accounts and satlsfylng publlc accountablllty. 1.7 Flxed assets Depreciatlon Is provlded on freehold buildings over fifty years after allowln8 for the resldual value Of the property. Long leasehold property Is depreciated over the remaining perlod of the leases and after carryln8 Out approprlate Impalrment reviews. Depreclation is provlded on other fixed assets to write off thelr cost over thelr estlmated useful lives at the followlng rates: Furniture, fittlngs and equipment Mlcrocomputers and equipment Motor vehlcles - 4% to 20% on cost 33 113% on cost - 25% on cost 1.8 Investment$ Investments, comprisin8 wholly owned subsidiary, Is valued at cost less provision for Impalrment. 1.9 Cash at bank and In hand Cash at bank and cash In hand Includes cash and short term highly Ilquld Investments wlth maturity of twelve months or less from the date of acqulsltlon or opening of the deposit or slmllar account. 1.10 Credltors and provlslon Credltors and provlslons are reco8nised where the charity has a present obll8ation resultln8 from a past event that wlll probably result in the transfer of funds to a thlrd party and the amount due to settle the obll8atlon can be measured or estimated rellably. 1.11 Flnandal Instruments The charity only has financlal assets and financial Ilabilities of a kind that qualify as basic flnancial Instruments. Baslc financial instruments. including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value. Cash Is measured at fair value through the statement of financial artivities. 25

KING'S HOUSE SCHOOL TRUST {RICHMOND) LIMITED NOTES TO THE FINANCIAL STATEMEMts (contlnued) YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES (contlnued) 1.12 Fund accountln8 Property Fund Where General Funds are surplus to requirements, transfers are made to the Desi8nated Funds to build up a Property Fund. The purpose of this policy is to reflect the fact that the General Fund has been used to finance property used for School purposes. 8ursary Fund Amounts are set aside for any awards made to chlldren from famllles who would otheNise not be able to afford the fees to access the educatlon we offer, and for parents facin8 temporary financial hardshlp. Th15 fund is also used to support Charitie5 that Improve the Ilves of youn8 disadvanta8ed chlldren. 1.13 Penslons The School contributes to the Teachers, Pension Deflned Benefits Scheme at rates set by the Scheme actuary and advlsed to the Board by the Scheme Administrator. The scheme is a multi-employer penslon scheme and the School does not haveany commitment to contrlbute to any deficit or receive any surplus arlslng on the Scheme, In accordance with FRS102, therefore, the Scheme Is accounted for as a defined contrlbution scheme. The School also operates a money purchase scheme for teachers and non-teachin8 Staff. Contrlbutlons are charged to the Statement of Flnanclal Activitles as Incurred. 1.14 Operatln8 leases Rentals payable are char8ed on a time basis over the lease term, even ifthe payments are not made on such a basis. Benefits received and receivable a5 an Incentlve to slgn an operatin8 lease are slmllarly spread on a straight-line ba515 over the lease term. 1.15 Forel8n currenw translatlon The charltles functlonal and presentation currency is pound sterlln8, Monetary assets and liabilitie5 denominated in foreign currencies are translated Into sterlln8 at the rates of exchange rulin8 at the balance sheet date, Transactions in forelgn currencies are recorded at the rate rulin8 at the date of the transactlon. All dlffefences are recognised in the SOFA. 1.16 Employee termlnatlon payments Terminatlon payments are accounted for when the decision is made and communicated to the employee. 26

KING'S HOUSE SCHOOL TRUST {RICHMOND} UMtfED IK4 NOTES TO THE FINANaAL STATEMENTS (contlnued) YEAR ENOED 31 AUGUST 2024 CHARITABLE ACTIVITIES- FEES RECEIVA8LE 2024 2023 Fees rec•lvable conslst of: School fees Less.. Total grants and allowan￿$ Total bursarles 7,807,196 117,588) {19,9551 7,508,872 114,202) {1,174) 7,769,6S3 7,493,496 CHARITABLE ACTIVITIES- OTHER INCOME 2024 2023 Extras Disbursements recovered Re8iStratlon fees Deposlts written off 79,003 411,898 13,715 15,450 72,668 404,067 19,200 3,500 520,066 499,435 OThER TRAIXNG AcnviTIES 2024 2023 Tradlnz Income Facilities hire INote 11) Rental Income 991,179 20,991 860,832 19,962 1,012,170 880.794 INVESTMENT INCOME 2024 2023 Investment Incom• Bank interest Fees interest 121,822 1,042 74,038 415 122,864 74,453 GRANTS AND DONAnoNS 2024 2023 Donatlons to the Trust Friends of Kin￿5 House School Other donations 8,955 8,3iXI 19,242 10,249 17,255 29,491 27

KING'S HOUSE SCHOOL TRUST (RICHMOND) LIMrrED NOTES TO THE FINANCIAL STATEMENTS I￿ntInued) YEAR ENDED 31 AUGUST 2024 ANALYSIS OF TOTAL RESOURCES EXPENDED Staff Costs 2024 Total 2023 Total Depredatlon Support Ralslng funds Trading Costs Finance costs 92,116 7,225 143,846 2,555 243.187 2,555 296,390 3.405 92,116 7,225 146,401 245,742 299,795 Charltable actfvltles Education ond qrqnt moking Teachin8 Caterin8 Premises, repalr and maintenance Support costs and governance Grants (see below) 3,890,033 614.486 403,423 1,387,064 757,316 46,331 4.504,519 403,423 2,149,486 1,572,281 46.331 4,245,119 397,096 1,739,899 1.349,715 60,619 238,S21 814,965 523.901 4,943,519 523,901 3.208,620 8,676,040 7,792,448 Total •wndltur• 5,035,635 531,126 3,355,021 8,921,782 8,092,243 Grants to support disadvantaged children at other Schools include.. £11,830 to a local Primary School, £20,000 to The School & Family Works organization and £14,420 to the Royal National Children's Sprin8board Foundation. See note 23 for the comparative analysis of resources expended. 2024 2023 Governance expendlture comprlses: Auditors remuneration - audit services - other services 15.100 3.625 14,300 3,575 No remuneratlon may be or has been pald to any Governor or connected person durln8 the year either dlrectly or indirectly. No Governors were reimbursed expenses12023.' None). The Governors maintain indemnity insurance of up to £5m. srAFF COSTS 2024 2023 Wa8es and salarie5 Social Security costs Pension contributions Inote 19) 3.973,594 414,349 647,692 3,797,435 391,696 586,039 5,035,635 4,775,170 28

KINVS HOUSE SCHOOL TRUST (RICHMOND) LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDEO 31 AUGUST 2024 STAFF COSTS l¢ontlnued) 2024 No. 2023 No. The average number of employees durin8 the year was.. Teachin8 Other 41 70 40 iii 104 The number of employees who had emoluments exceedin8 £60.000 were: £60.001- £70,CMXI £70.￿1 - £80.000 £80,001- £90,000 £ioo.ooi - £iio.000 £21)0,th)1- £210.000 A88re8ate remuneratlon and employee benefits pald to key mana8ement personnel durln8 the year were £782,20312023.. £767,891). There were no redundancy or termlnatlon payments durin8 the year. TAXATION The khoolls a re8lstered charlty and no taxation Is payable on Its charlt4)le income. 10. TANGIBLE FIXED ASSETS: GROUP The movement of tan8ible flxed assets were as follows: Furnlture ffttlnis and •qulpm•nl Freehold land and bulldlnls Lon¢ leasehold property Computers and •qulpm•nt Moior vehlcle KHSG Borehole Tot•1 COST At I September 2023 Additlons 9,285,212 80,711 19,000 3,224,125 37.136 411,356 43,441 125,706 112,214 13,177,613 161.288 At 31 Au8USt 2024 9,365,923 19,000 3,261,261 454,797 125,706 112,214 13,338.901 DEPRECIATION At I September 2023 Char8e for the year 2.574,847 287.618 19,000 1,672,729 187,710 347.829 39,971 93,746 4,123 $5,488 11.704 4,763,639 531.126 At 31 Au8ust 2024 2,862,465 19,000 1.860,439 387.81)0 97,869 67,192 5,294,765 Nrr BOOK VALUE At 31 Au8USt 2024 &503.458 1,400,822 66,997 27,837 45,022 8.044,136 At 31 Augurt 2023 6,710.365 1,551,396 63,527 31.960 56,726 8,413,974 The School's bankers are holdlng a first legal mortga8e over part of the School's freehold land and buildin85 as security for loan and overdraft faclllty. A small amount of fixtures and fittings are held wlthin Kin8's House School Enterprises Limited. The total cost of these assets Is £67,77612023.' É57,4421 includSn8 additions of £10,33412023: £15,9481. Accumulated depreciation for the year of £36,137 {2023'. £28.912}, Including a char8e of £7,22512023'. £6,999). The net book value of these a55ets was therefore £31.639 {2023'. £28.5301. 29

KING'S HOUSE SCHOOL TRUST IRICHMOND) UMITEO NOTES TO THE FINANCIAL STATEMENTS qcontlnued) YEAR ENDED 31 AUGUST 2024 11. FIXED ASSET INVESTMENTS The School owns 100% of King's House School Enterprises Limited, re8iStered company number 07261424, which provldes sportin& lelsure and other facllities and services. The company is re8iStered in the United Kingdom. During the year, the company donated £271,38S12023- £420.627) donated in relatlon to 2023. of its taxable profits to the school. The School charged £430,00012023: £281,000) for a license to use the premises which the school leases. The balance owln8 to the School from the company at 31 August 2024 was £135,000 {2023: £85 to the School). Its trading results extracted from Its audited accounts for the year ended 31 August 2024 were- 2024 2023 Turnover Expendlture Donation to King's House School 991,179 1673,185) 1271,385) 860,832 {577,3901 {420,627) IL05s)/profit for the year 46,609 1137,185) Interest in Kin￿$ House School Enterprises Llmlted Reserves 360,084 313,475 A8gregate capltal and reserves 361,084 314,475 BalarKe sh••t 2024 2023 Fixed asset Current Assets Current Ilabilitles 31,639 506,211 1176,7661 28.530 345,759 {59,8141 Net assets 361.084 314,475 Net assets Include share capital of £l,OQO. 12. D£8TORS Group 2024 School 2024 Group 2023 hool 2023 Fee debtors Prepayments and accrued income Other debtors Amounts due from group companles 92,323 457,245 1,542 92,323 300.521 1,542 135,000 92.100 421,404 10,704 92,100 247,012 10,704 85 551,110 529,386 524,208 349.901 CASH AND CASH EQUIVALENTS Group 2024 Sthool 2024 Group 2023 School 2023 Cash at bank 8,188,391 7,838,904 5,781,725 5,610,358 30

KING'S HOUSE SCHOOL TRUST (RICHMOND) LIMrrED NOTES TO THE FINANCIAL STATEMENTS (contlnuedl YEAR ENDED 31 AUGUST 2024 14. CREDITORS: amounts due wlthin one year Group 2024 School 2024 Group 2023 School 2023 Other taxes and soclal security Accruals Trade creditors Other creditors Deposits Deferred Income-fees In advance 114,S08 563,357 562,760 16,316 114,700 1,233,061 97,819 540.476 561,383 15,497 114,700 1,233,061 102.881 371,770 734,436 71,971 123,550 352,103 95,497 361.88S 734,243 29,704 123,550 352,103 2,604,702 2,562,936 1.756,711 1,696,982 15. CREDITORS: amounts du• after one year Group & School 2024 2023 Deposits Deferred income-fees In advance 1,228,150 721,763 1,254,400 1,949,913 1,254,4Crf) 31

KING'S HOUSE SCHOOL TRUST {RICHMOND) UMITED NOTES TO THE FINANCIAL STATEMENTS (¢ontlnued) YEAR ENDED 31 AUGUST 2024 16. FUNO MOVEMENTS Al I September 2013 At 31 August 2024 Income Expendlture Transfers Unre5¢ricted Funds General Fund Designated Funds Property fund Bursary fund 4.889.285 9,453.763 18,875,452) 146,907 5,614,503 6,710,365 109,146 1206,9071 60,0(M) 6,503,458 111,061 {11,7551 (46,330) 11.708.796 9,442,008 (8,921,782) 12,229,022 As at 31 August 2023 At 1 September 2022 At 31 August 2023 Income ExpendltUf• Transfers Unrestricted Funds General Fund Oesignoted Funds Property fund Bursary fund 5,222,913 9,230,425 {8,031,6241 11,532,429) 4,889,285 5,237,936 102,492 1,472,429 60,000 6,710,365 109.146 7,273 160,6191 10,563,341 9,237,698 (8.092,2431 11,708,796 Property Fund Where General Funds are surplus to requirements, transfers are made to the Property Fund to bulld up a Property Fund. The purpose of this policy is to reflect the fact that the General Fund has been used to finance property used for School purposes. Bursary Fund Amounts are set aside for any awards made to children from familles who would otherwise not be able to afford the fees to access the education we offer, and for parents facing temporary flnancial hardship. 17. NEf ASSEfs BY FUND GROUP Tanqlble Ilxed asmts Net current assets Long term Uabllltles Total General Fund Deslqnated Property fund Bursary fvnd 1,540,675 6,023,741 11,949,913) 5,614,503 6,503,461 6.S03,461 111.058 111,058 8.044,136 6,134,799 11,949,913} 12,229,022 As at 31 August 2023 General Fund Deslgnated Property fund Bursary fund 1,703,609 4,440,076 11,254,400) 4,889,285 6,710,365 6,710.365 109,146 109,146 8,413,974 4.549,222 11,254,400) 11,708,796 32

KING'S HOUSE SCHOOL TRUST (RICHMOND) LIMITED NOTES TO THE FINANCIAL sfATEMENTS (contlnued) YEAR ENDEO 31 AUGUST 2024 18. OPERATING LEASE COMMrrMEpirs At 31 August 2024, the School's and 8roup's future minimum operatin8 lease payments are as follows: Group and School 2024 2023 Operatlnz leases whlch •xplre: Within one year In two to five years Greater than five years 133,243 369,834 4,860,000 132,906 497,165 4,980.0(KI 5,363.077 5.610,071 Total costs incurred durin8 the year in respect of rental costs for assets held under operating leases were £132,906 (2023: £133,251). The school is party to a lon8-term operatln8 lease with the London 8orou8h of Hounslow for the Klnrfs House School Sports Ground, Clubhouse and other bulldings on the slte In Duke's Meadow, Chiswlck. The lease was restructured In March 2020 and will explre In March 2070. 19. PEN510N SCHEME The School particlpates In the Teachers, Pension Scheme 1.the Trs.) for its teaching staff. The penslon charge for the year Includes contributlons payable lo the TPS of £453,629 (2023.. E457,0851 and at the year-end £NIL12023 £NIL} was accrued in respect of contributlons to this scheme. The TPS Is an unfunded multl-employer defined benefits penslon scheme 8overned by The Teachers, Penslons Re8ulation$ 2010 las amended) and The Teachers, Penslon Scheme Re8ulations 2014 {as amended). Members contribute on a "pay as you go" basis wlth contributlons from members and the employer being credited to the Exchequer. Retirement and other pension benefits are pald by public fvnds provided by Parliament. The employef contrlbution rate Is set by the Secretary of State followin8 scheme valuatlons undertaken by the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuatlon Report was publlshed In October 2023. Followlng the Mccloud jud8ement, the remedy proposed that when benefits become payable, eliglble members can select to receive them from either the reformed or le8acy schemes for the period l Aprll 2015 to 31 March 2022. The actuarles have assumed that members are likely to choose the optlon that provldes them with the greater benefits, and in preparin8 the 2020 valuation has valued the'8reater value, benefits for 8roups of relevant members. The employer contribution rate for the TPS is 28.6%, and employers are also required to pay a scheme admlnistration Iwy of 0.08% 8iving a total employer contrlbution rate of 28.68%. 33

KING'S HOUSE SCHOOL TRUST (RICHMOND) LIMITED NOTES TO THE FINANCIAL STATEMENTS (¢ontlnued) YEAR ENDED 31 AUGUST 2024 19. PENSION SCHEME (contlnued) The School also operates a Group pension scheme for teachers and non-teaching staff which Is a defined contribution scheme with employees contributing 5% and the School IO%12023: 5% and IO% respectively). The total contributions payable by the School in the year were £188,01712023: £124,105). As at 31 Au8USt 2024 amounts totalling £1,188 (2023: £16,410) were due to the Scheme and are included wlthin other Credltors. RELATED PARTY TRANSACTION5 Kin<s House Enterprlses Limited is a wholly owned subsidiary of Kln8's House School Trust (Richmond) Limited. At the year-end there was an amount due to King's House School Trust (Richmond) Limited of £NII {2023: £Nill in respect of profits gift aided to the School by the subsldlary company. The daughter of one trustee was employed on a permanent contract during the year as a nursery a551stant The trustee was not involved in the decision to employ her or set her remuneration. No Governors had any other related party transactions with the group during the year (2023: NII). 34

KING'S HOUSE SCHOOL TRUST {ftICHMONDI LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 AUGUST 2024 21. COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTivrriES Unrestrfcted funds General Oeslgnated 2023 Total INCOME FROM Charltable actlvltles School fees receivable Other income 7,494,670 499,435 (1,1741 7.493.496 499,435 Tradln8 actlvltles 880,794 880,794 Investment Incom• 74,453 74,453 Donatlons 21,044 8,447 29,491 260,029 260,029 Totsl Inwme 9,230,425 7,273 9,237,698 EXPENDITURE ON Ralslns lunds 299,79S 299,795 Charltablo actlvltles Educatlon and 8rant makln8 7,731,829 60,619 7,792.448 Total expendlture 8,031,624 60,619 8,092,243 Net In¢om• b•for• tran￿er 1,198,801 153,346) 1,145,455 Transfers (1,532,429) 1,532,429 Net In￿rne {333,6281 1,479.083 1,145,455 Balance brou8ht forward 5,222,913 5,340,428 10,563,341 Balance carrled forward 4,889,285 6,819,511 11,708,796 35

KING'S HOUSE SCHOOL TRUST (RICHMOND) LIMrrED NOTES TO THE FINANCIAL STATEMENTS Icontinued) YEAR ENOEO 31 AUGUST 2024 22. COMPARATIVE ANALYSIS OF TOTAL RESOURCES EXPENDED ANALYSIS OF TOTAL RESOURCES EXPENOEO Staff Costs 2023 Total Depre¢latlon Support Ralsln8 funds Tradin8 Costs Flnance costs 107,303 6,999 182,088 3,405 296.390 3,405 107,303 6,999 185,493 299,795 Charltabl• actlvltles Educotlon and gront makinq Teaching Caterlng Premlses, repair and maintenance Support costs and governance Grants {see below) 3,651,509 593,610 397,096 1,155,65S 570,834 60,619 4.245,119 397.096 1,739.899 1,349,715 60,619 237,477 778,881 346,767 4,667,867 346,767 2,777,814 7,792,448 Totsi expendlture 4,775,170 353,766 2,963,307 8,092,243 36