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2021-08-31-accounts

THE KING'5 SCHOOL CHES fEIi ANNUAL REPORT AND FINANCIAL STATEMENTS Forthe 12 Month Period from 1st September 2020 to 31st August 2021 Chartty no. 525934 ove KING'5 IUNIORS Igniting crlriosity KIN¢s SENIORS Seizing opportunlty Becomkng Èxceprfonal EVERY OPPORTUNITY. ENDLESS POSSIBILITIES.

PAGE
Gmernors' Report 3-27
Statement ofGovernors'
Responsibilities
27-28
Auditor's Report 29-33
Statement of FtrIanata I Artivities 34-35
Statement of Financial Position 36 —39
Cash Flaw Statement
Notes ta the Finant'et Statements 41-72

Bankers Handelsba
nken
Handelsba
nken
2Albion House, Albion Street
Chester CH1 1RQ,
Insurance Hettie Andrews
2 Brunswick Square
Binninghatn
812I.P
vyeightmans
lBBOld Hall Street
Liverpaal,
L39QI
Ellis Whittam Knights 1759
Woadhouse The Brampton
Atdtord ateweaatle-Under-Lyme
Chester Staffordshire
CH3 6ID STSOQW
investment lnvestec Wea 1th5investment
Adv ters 1KI Old I-lail Street
Liverpool
L3
9AB
Auditors W R Partners
Belmont House
Shrevrsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
Architects Scott Architecture
68 High Street
Tarporley
Cheshire
Oly6 tkAT

Total Return - measured
against a Bespoke Benchmar
follows;
k
in the period
to August 202
1year 5year YTD
The King,'s School Bursary Trust Fund Performance 19.31% 50.57%
The Laster 5mlth Bursary Fund Performance 17.95% 40.21%
The IGng's School Prize Fund Performance 17.76% 43.1396
FTSEAII Share Index 26.95% 33.299L
FYGovernment
All Stocks index
-1.B1% 2781%
Bespoke Benchmark 17.3%a 32.97%

FOR TWE YEA R ENDED 31AU GUST 2021
Rndewrnerd Reetrteesd Un sstrfeted latnt 7efef
funds funds funds tends furrtfe
2tpN 2022 242'I 2421
ftrrte ttdap 9999 5909 5000 COtttt
Ineothe end
~n~ freon
$79
Ohuritettre etttetee
tnrerf ued Itre~
~2~7 77,dnt
127
Irnes enerhe 7l
Odter Irtunter
Toter Srsernn
~trd
~ndllNIMIYh
~tttrro
ant
17 124 141 f92
Tate Ieneendttrno f2t724
l2toee
f7,589
~~uu~~uu
stet Introuse totem rtet
pelnelttaeeea)
on
Ilnteernrerhn
I4stp~) an
2&5 f,Off
left inaetrte 1,79e
1reeffete~n funds 22 s15 lepQ
fpet rnovernent
te funda
eefore odrer reoopnle ed
deere
1,144
thfref reoeghtsed Qstnsl
Aduedel
9rdrte cn dellned
ttttueIR frenslsn~
&55
Endawmsnf Resfrfafsd Unrusfrf afad 7ufsl
tun de &unde funds funds
2fs2f 2021 2' 2f 2ff21
ENN BXO Cori Mffo
fraurnaflrdan al funds.
Tarn funru Luanstu
Iarsr srd 2,955 15.518 I8.715 I7,2rf5
utr nrrurarnanr in sands l,f08 1932 LeSt

2tt21
2MB
Rxad asasla
Tangible assets 1B,270 fg,df2
lnvs atm eras
Cash albe and tn hand 5.er5
Crackers; smarm feIng dw ~lease
21
1,222 f,525
Tetsl sesete less snnsnl asbaltree 21,27$
.Creditors: araaunts
t4e ana tnse
failng dec alter risen
eet ssests esslndlng penetqn eeeet IR,Tfg
bethtad bsnaR panaM scham nasal
Tete Insl asssle
2021 2O2O
6KO Em
C he
Iljnde
Brdrnere acr reeds
Reetrkmd
(unde
2.ssa
Unreeldserd
lends
General funds 29
Unrserdraed
Ireels
~reserve
sxrSVdlna Senaael aabaas 28
za
18VITa I4,887
Tsrsl Lvneslsraed 4nde 14477
Tsaal fveraa
ttets
I Ixarl saaata
Tahttarl asasata 17 18,270 f5.8f2
aNe saharsa 2,721
l9,5fs
cvrmnt saaata
14
20
Caarl ateaha ahd ar IraIMt
9,Z'7
C~.arhrasna fstih9 aus wtSIlh ass
+sr 21 9&8)
ttst warrant aasstrr 1,447
7etsl assets lass swrsnt Hstrtll5ss 21,24$ 10,962
Crectum
Smouch fasIh9 dW aller rherrr
9srh shs 7ssr tt$95) (t,927)
ttst saasts sxdtatln2 pshsdn easst 1$,7d1
OsrNad hsnaltt penatsh scheme easel
Total nst as Sear
992'1
&0M
Crnrfsj ninds
En drrrnns
sf funds
~finds
23
U~d finds
Genenal funds
~reserve
29
UnrsshkM
funds
feyfS fa,stra
Tiitslu~ funda fe,ate r4 4frz
~LQ2
aggt
Csah gown frras operating
ecdtdtbte
Nat cash used ar~~
25 1,52$ 8,255
Gath Ilovre from lnvtetlng
acttvtttaa
tl~ agareete and raIs Item atvotttnatth
1gg Too
Prooaade
rrom tha eal~ of~laced
aeeate
Pttroltaee oltanqlbNIixad
estele
ItPHI (5.55FJ
Plooaade bort etta ofatvaeasante
Pctctraee ol streetese' Ifgdj (81st
teetcaeh trttd at Ihveagng
acttvNae
(t,fgt} (t,aag)
Cash howe frere Rnascktg ecgvhlao
Rapt creaser
af~
(457) Raff
Rapaernarea
el' aaanna laaaaa
(ee) frfp
Bank loan aud cvardnrlk
interact
I$5) f28'
tfet cash utad Irt flnenolng
ecttvltlee
ImaI Isn ai
Change
In cuoh and cash squtvalents
br the year
Cash snd cash aqyir el anh
atthe beginning cfthe euar
grat 5
Cash aud cash ettultndsrrta
atthe aud
ofthe year

Freehald
property
Long-term leasehold property -2-496
Fixtures and fittings -6.66—33.3SS

Rsotrlslsd Unrmrtristod To(st
funds funds fUnds
2021 2oet 2O2'I
coos tooo coos
Too 5'
Income from chariot hto octhduos
Vnrostdotod Teel Tofoi
funds funds amdt
2021 2O2tt
OKO
~loss late 142te fT2rf
Otherod~ Inaorso ra 168
Olhor oocWohj lllcMI d to sto
Total 202l ~25K 'Lb' ~'L'KR
TahH 2d2O
Itch oat lese
Total l2
Terat fr
~erded Sf
Aaftost eraald Br
292t
eaor
Gram fees reaeNable
Less: schalendrlpe,
bareerles
errd otherd~ V,t2at (Edrr)
Bamariea mel fram rasbicM farrde
Liltmafrfeted Total Totrd
farrde Nlrde foods
202t 202t 2tOt
gild 6000 CIA
Ratrrtoted Vnmatitotod Total
itsnde lande tanshs
2tl21 2ttZt Ã21
Bttttt SHI2 2009
Disidends
Sank Intssost 7t
Total ZII2t
retral 20M

ttaatrtotad tinscootalad Total
funda
202t 2O2t 2tt2t
BNtt tNCtt Mitt
Gssess an cata af~fixed seseete
t7sherinsense
CJate Inaasno

Unree trkted Total
funds lande
Re2t 202I
kttM ROM
FuadlalMIO fnr vol Lrhlary raanurnoe SUlf costs
'ToUI Rmt
Ttssf 2Q20
aleisa trsdlno a@passos
Uttroslrlatad Tnlal Tufaf
Ivfttta Ivftfts llano
2921 2921 2020
SKIO 680 GXM
apaoe LtntlUd expendtturo aB
2DZI
262ff
Imraetmentmanaoementouuts
ltaatttatad Total
funds funds
2I2I 2021
RBOO %000
l tarsal ran nt mana Items el feea
Total attat
iarsf s020

Itsshtctad ucnnhfmd Total Jets!
Itrrrrfa funds Iurrds ltrrrtb
292'I 292I 292I ZOZO
Ersrs crsrs KM' Rrlttr
Teschlrrg X.Sty fa.tfyf
Toetrrrars 8rrppsrI 955 'I,I727
ry
pre rnhree 2.toe 9,re2
Total 29H ~~'~~au ~us
Jdnl 2926 R~US

4ctlrrttree
underlease Trrtaf
d Scatty nrede
2U21
ease
Teoctrars r,ssa refsrr
Toacaara sopforn
Vfsthre 79 I,rsr9
prorrrrsos 2,908
errrr port 2,sf'
Total 292'I ~Lll5R ~LLIL~r~
rarer 2ttgl

Taaahtng
Taaohlns
20Z'I
SUpport
Zeyt
VWIhre
SQ'I
Bxxt
Statt aorta e,ear rer
Deprart alt On
tyearr Stattc~
Teaching
Akta
Other SdUoello net expenditure 'I65 t74
thiheaa
Pretnlree Methtehe noe
ITSCcmrn~
Wattara~eFtnarrca
praleerteaat
Krpenditare
Totat ZDZ'I
rotat Ztryty

sls ofdirect msts (corittIIIIed)
Terai
au pparr
2II2'I
Iunaa
2II2'I
BNN &XN
Srlrrir anru a ur4 o,194 f2 rBI
Dapnral 4hi 142 2,rap
rulhar slue Oarla
Taerrand
Aldr
Olhar~I Errgraardlunrr
297
229
c8rrlrrrre
Vpltuur~W in hrrranah
IT&Carrrnruneulirrrr
VWIrara
Barrhlnd 6Fina~
nrrrrurakrnul
errpundrlrrru
Terai 292'I ~MBL iLlllL~~
Tadrr epee ~4 ~'4Z~

Fdad p92rdW Ia Ihd Chdrpy9 2adrhrr far erd uadrt at Ihd Charily'2 arrrrurd
aaarrrrnrrr

Carcwp Carcwp Cfrater Cfrater Cseratp
RQR'I RORO Rtaaa Raabp
Rsee DECI Rtssr
tnfasea mad a el arian 7.227 Q,rryc Tgsy Q,07C
gocraa aecurey costa Qdy 722 Pftp
Contrfhuson
kr defined
cetrttadlon
acharIMN
penates f.099 f~ f.d99
The~nunlhcr ofperaerta eotploysd hp Sle Chentr dlrrh10 ale Irrsl arne eh fcsryns'.
Caresp
2021
Idb.
Tare number
of ernploaeee
whose enedoree heneahs &eatdudlnp ~rnployer penrkrn
coathfe~
gea,aaa radar
taros p
2021
ato.
toIbe hand 200.001-Rfccaoe
tn esca hand Ryoraar- CsO.eoo
~ aba bamr CSaaal -cream
mourn
fn he hand CQPWI
—RaQO,ON
bl Iha bande-1 eel,aol
~211IVaar
lnlheband 0~ theat -ZEBVea
Inlheband 0120,001-CISDOOO
lirlneeand Casa,ea1
CIAO, QOO
la the bend RIOO.OOI —2IWOIIO
lalhahend RK&gNl
Cpaa, ON
The keir
m an agemeet
peracrrnel af the
Cftar lay are fitted os page 1. The bytal a afempktfse trenefith [Including
emplOyer
pemfan
Cantrlbuganr
end
employer narraoel Inaorenm
cootnbutfondf
reccfred
fyf
key rnanagernent
peraonnel
foe their aefvicea bt \hd Chehhf
who g33bk f20X; f4492 far a17.month perW].

Tenrd bio fhced naeeta
Qrovp end Cast rrtat
arostral d tong atrrs
seashore
preptny
Aerate under
c~
rhdteee tnd
eranet
sow ~rtoo ~arto aow
nosr er wrwtkto
nt t gertrttrrret2424 14,441 1st 7,414 Rhylo
aota 1,414 ~,asa
Ital tant
ar ar 4ttaust attar se tetear 144 Loof 27,1'
Oertree legon
ar r~2420
d,ata s,eaa stars
Charac std tnt ster
at at attgtttr
Roar
d,rao 14tdar
trot nook volute
4rSr 4ttattst aatt
Atar atttrutr sogo

t.4tod
Clrnnp 2M9
Coat or rralnadon
At 1 QgCtmber 2929 2dl99
Addlliene
Oletreeere
R4IAllrslkaar
Al 39August 2021
lost bosk rsllro
At 31August 2621 9,999
Al Sr Atrgvet 2420
INraslnra rgb
ln
subakl4qr Klatsd
neratra nina lnreabnsuls Tolal
99CKI 9M9 9994
Coat orraharton
Al 1~gttgtr
2dt99 2,708
AS%iona 799
Deposal ~ (2441 f245)
Rsrakragone
At 91August 2021
Net book valw
At31August 2821 44 $,4%9 a,rat

Nurse Company
rrumber
Company
rrumber
Itsldbre
Irrrsucfad
In
errnseN decan
Itsldbre
Irrrsucfad
In
errnseN decan
Itsldbre
Irrrsucfad
In
errnseN decan
Itsldbre
Irrrsucfad
In
errnseN decan
IrleNb 8paoa Lbebad IIOB7044 %60% Yea
TIta Nrtenakrt reradts oflbe ardrekfrery forIha yern were:
Inrrarne Napa ndllure Prulltlg. seal
ENNII CIINO INurp War
(Dattcitf Ier
dre Veal
Ktng's Npece Ltmttsd t4NI ZN rb
29. 9bXbo
to rett p &esp Ctetrtty Chanftr
2621 202(3 2921 ZG70
GXKI F00O EKQ E'KO
CaturtrtN seek
Group
Nbkt
Grrrrrp
ANNO
Ctrarlttr
5Q'I
20Ã
NNN BXKI ENNII fXOI
Due wile ln ene year
Trade de tsrrnr N,ttbb S, rNN NWi' N,frat
Other debtrss
Prepeyments
and~trrecrse NaV NN9
AN
2IT
ebs
NNN
Wl

Group
2sr2t
&ride
2d2tr
Chad y
26M
Ctsattty
2tsÃ
Rft6O CINI 4000 EON
~hare 5r0
reedteerae 622 872
Trade cratstam
Other~end sade
I eeaudty
t76
Obdpa5arts
ttrdar
~calarscn
Snancrr haaa aad Ittra tt rf t'I
Dtrrsr credit
Aateutd eend deferred
lrerrme
erne
croup
262t
Group
2020
6660 Sssdtr
Daretrad
arcrtrna at t shtphtrabar
2SI2II
Rasaurcaa~dural' the yser
Anrcttina
lalaaaad
frartr pfrrrlava ttarsarh leaf
eerier ryrerrp
20%
Grarar
2020
Cherub
20es
ayyya
eMe Ox6 4000 ENO
Sank
Nal~alldal'
paschal~
fiN4rrce Ieaea SKI hire r,era r,are

deettu nan t
srl l4
nda - unnent
year
dalansa k t
8eataat eel
2020
2400
Ineesne
0000
dueendltuse
0000
Trenaie ra
tare vl
Estd
Caink
gaseee)
dlhet
dalanaeetaf
Andvari
202f
dM0
Vnrselrie lsd
Itasda
Funds &d.adt ta,aat tdpfa
~2 aaa
~M)M 12ddf (22422) (4%) ~aa
Prius~
8xhetetsn Gspuk
Rmy
treater smith
Mpdel Fund tt2
Pdxa krd
Exhldeen Ihersste
Fund
Tha uaeFs dshuul
dsusury Trust
Fursd
Laearr 8rsdh
Ihssene Fund ted 0 (fI fda
Rdde
~dd
~~ss
faaf I
~IJ!u

~nt offunda -pdor y sar
Boast at
1~2ete
5Ão
Unrsstrtrrtad
funda
Lr
atrtstad 5vrrds
~rs ~2I!l~rul 4s ~4ku
Endawnr
ant fusrta
frrtca and &hfritIan Caartai
Lastar BrarItr Capel Fred 5 1t2
255
8astrldsd (ands
trrtaa and &trdraran Inaarna
Fund~Fund
Tha ttarffa Schod Bursary
rruat Fund
2,075 (22) $ F5
Lastar Saratr Incasa Fund
R~ Sundry Funds
15 (115)
2,615 555 (195f Pt) $555
Jatat ottrsrda 'luzx ~Us!~~uli

Ssrsainhs olnsi asssls hahman
hsnda
Analysis ofnel aesais bolwses llsnde
- cunonl year
Endownwni Raaufctsd IInrssulcnrd Taisl
funds IU4 de IU ada
202I 222I 2022 292I
ESMr 6XKI EEFN ESad
Tsnasals rsrsd ssssu
SASS
Garsara Saaon 5.12S
Cnsrrrosr rara srer34 rsrs Fess
Crrrdllcro sara ar nrcre ere4Sna 3OSF
~Fsr Nabnaa ~Srsl rorroresa
(I/04) IIAasF
Toesl Jsss rl3ss

Nra Sscsrna Forrdsa Fssrr tsa POF Fhalarnarsl Of Fslancsd SC53I5m) 1,724
dry almenls
for.
~ohsrQSS
3,352
~arssnssn she Fares IISFFr Irrnasasres
~l on lira asn oFIlrsd ssasls
rtCISI (SSI
Insrssss
rnsiscas
Iel
Insrssss
Indsaass
FS.IFSF
I~drsse srre) 33rssdirrss
Ferarearrl casse 223
Qsllrrsd
SNlrne Osnssrn scsrrsns
Issarssnt
FFSIcssh Srorcdsd ay aasssdna acrhrlrlss

Cash En hard
Total aaah and aaah eqdeelanhr
27. Analysis ol'ehenoee In net deht
Datril Al I
~r
AtSt
A90ast
Sge Cash howe 26RI
$000 Ixoo
Ceeh olbank ~ncI In hand Ioeyy
doo nlhar I year [w0} losel
Oeet dao otter I year It,et et
Flharce lessee
dans p %vip
292I BQP
8000 Chhy
Consented Ior hot not lncrrlded ln these Ihranol ~I aasternenrs
Aonalahlcnl at Srndlbto fnad steals

Prtnckral astoari al
assumptions
at the Batanre street d
ate (extrressed
asaverages]:
At31Aogrrst Ar 32Aopost
2821 2020
ttisrrsont
rate
145 J.60
Fotwe salary arcraases MiO 3.2a
rrrtore pension Inereasea
At31Arsgtrst AtssAogrrrt
2O?1
Years Veors
Mortality
raws
(in years)
-fora male stp. d 65eaw 21A 22.2
~at65BrJ male aged 45 now 22A 21.9
-tpr 4 fernale aged 65 nOW 248 23,6
~at 65far afernaie atpnt 45 now

At 92
Allgrtat AfBJAorfoff
202t 2620
8¹Oo 822O
Tfte efnotntaa t fhe Conaoastlee
Sf
atarrtent ofFetenete Aetl4See e e aa fallottk
Curtate aanAce coat ar oa
alai Interest acta JO
Tetal erttouet raoognfeed Inthe Carteefhtataer 8lalatnent of Finatteral

btavrun
ante
In rb
e trrnsarn vates nflbeberrant were se fnltrnrrer
Ctrnnlna
dnthed
~erases
bnnattt~rt
trnbrs
Anent service earns
Interest cast
Psal service cast
Gcntratrretne
try
ntalnbsls
BenetEtt natrt E199E f1ay)
Ctastnti
ttattrtetr
banarlt nba~an
Qfrentntt
fair
sabra srectrtsna nnnete sabra srectrtsna nnnete 9,72tt
Brnteclod rattNl nn ~lasts
Aclvnrlel paine
Ccntrtbtrttese by etn payer
Caehrnraee by me rstrera
Wlertot cael
&enefrte ttettt l19$)
nrcttrartet beeee
Gtsstntt lair value at nnrrama assets