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 8*rl¢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