THE KING5 SCHOOL ELY CornpaDy Registration Number 24405( Chari Number 802427 THE KINGS SCHOOL ELY (A Compny IAmited by Guarantee) ANNUAL REPORT AND HNANCIAL ATEMEs For the year ended 31 July 2022 IIPage
THE KING'S SCHOOL ELY Company Registration Number 24405(ffJ Chari Number 8024Z7 Annual repxt for ended 31 luly 2022 5-10 Strategic ReFKXt InthpelldeDt aditor'i rePt 18-21 Consolidated statementof activitiu for the year etded 31 July 2022 22-23 BA1¥ s1cts at 31 July 2022 24 Con5db cash kn 8t•temetht for 31 July 2022 25 Not to the finwial •t4tr4neDts for the ye4r ended 31 July 2022 2646 21Page
THE KING'S SCHOOL ELY Company Registration Number 24405( Chari Number 8024ZI J(kn Attwater Name and ltered oifKe ofthe Compy The KiDg's Sd1 Ely, Eiy. Camw, CFI 4DB 802427 2440509 Regi•tered VAT Number 183012243 Bankery Lloyds Bank pk. Miwtrr Platt, Ely CB7 4EN Bardays BAnk plc. l thun&ili Fkn. Cw W]Mrf, L¥x¥kn, E14 SHP Vcale Wthugh Vizar&, Narrow Quay House. Narrow Qy. Brinol BSI 4QA Farrer & Co LLP. 66 tiDcoln'8 1DD Fields. WC2A 3LH Mills and iittve LLP. &)taDiC HIM. 98.1(J) Ilius Rd. Can)bndge CB2 IPH Inde[dent auditon Crowe U.K. LLP, 55 Ldgate Hill, EC4M 7JW Inguranc.e Brokera CCLA Investment Manag¢ L4mittsi, Setsator Houge. 85 Queen VA£'l()ria SL London EC4V 4Er etkn. 25 Market Pl. Hy CW7 4NP 31Page
THE KINGS SCHOOL ELY Company Registration Nuniber 2440509 Nullttber 802427 Ihe trustee ofthe (Jwity is The King's SdKx)l FJY, a lithitea by wttt. directsrs oft Company are & membejs of of GoveJJx)rs as well as men)1$ of the C(mp•ny. As year and tsy the date of approw 6naD(ial sttttthtsts were as follows: by" & Chair of Committee iDdi(3ted by +) rdd YKi D•y x# x+ x+ x+ 20211 2022) x+ 20211 t(> (30.9.21} M¥rk M x+ x+ x+ Pe4ke are ts)-OPted. frotD Sepwber 2021 to See 2024. Kmg's Sd¥y)l Ely and Faitstead Hou* Sckni Trust d. The Workjng Party fornid of Da 41Page
THE KING'S SCHOOL ELY Company Rytration Number 24405( Chari Number 802427 On 18Marth2022: MdMyu8 was reknknafiwdw thrtt.tErnl from Jw)e 2022 to June 2025. a Governor of Fatrste¥l Houqe +1 Tr¢ Lo4 were decrtd Kmg's Fjy Bwd from Aupt 2022 for a three.year to Augiist 2025. Status and Structure nng diwtiOD datrd 20 February 2(X)3, Tn¥t'$ dwity re5all0 nurttber (311440} Tvas <knged to 802427 CIHrity was fornully linked its Trustee Compy. Tht Artides orASlatiOD oftht CompaDy were rtvwj in July 2022. Under the Articks of Ala)n o beb•if of Company are re4Ml P411a1 statements of tbe Tnllt. The Tru•t ho8 d4ritsble Charitabk Objert The object. for TRhith the GyJp•ny is utablighed. is to •dY4llCt the edu(arb)ti of d pblic iDdudlDg At King'j Ely. chil&¢n of all Ind both xxu. iM)th &y (frrAll y 2) iK• (from age 6) are Aims aDd IntendedlTrpct to 0¢¢ pdf.kttowle and devekf skilL% for life built on )und fthmdatK; 51Page
THE KING'S SCHOOL ELY Company Registration Number 2440509 Chari Number 802427 of the lo.81 need to provide pthlic Trnefit attd of wuireJDents of the Charities ALt 2011. thAt SLKiety in general is the uliiTtiatr of a K]ng's Eiy edalK> and that the UkraiDe wkn arrived in the UK uoder i} Homes for Ukraine IdMe aDd by odr means. In adth'tion to the local and widtt o)rtttnutiitits. aDd & SdMM)I maintsins * Publ beDefii regis lists rDany of the COVID. dwing 2021.22 Xlivi¥ EDablmg a daily dM)Tri tr¥lIlM tkning term time at Ely Cad&ai as well as paai 8ervYu. feslivaJ8 Prov1 frtt ofduy w at hpaTAiy R]b¥kW raw. our f¥Jbdi'. evtmts for cthildren Irdly and natly. arts t¥ts for the Kmrty. provi&Dg xupprt to our staff to k g)venbm at sdMM)Is aDd involvement in otkr dhariti our etnployeu are lively iovolved ID COD]mUDity and &nty w(k outsi& ydKd ranging from ate 5&K>I. 61Page
THE KINGS SCHOOL ELY Company Registration Number 2440509 CharA Number 2427 Enabliti8 oclivities fees to beDefit from an e<b]t10T1 at Kmg's FJY: the athieveDYllt of the ].$ aim# and obiedivu aknve. veD On 4. Tre Governors arc aware of tbe (l1ty Crf)vernawe Cde pthlthd ib 2017 {ahd Tevised ' Mar& 2021) wlid sets out tbe wples aDd re(x)D)meJKled prxt¥x for gwl gove[r within the to deliver the kngF¢rt8Widards of governaDLr for thE Cbarity. ID 2020 the Crjmmittee linlI1r¢ w5 revid. Recruitsient and Trainin8 oIGoFerno talents. the COO. and & Hea& of tht thret clemeDts ot& &bxd. Head5 of DeFWtments. inclulkng Supix)rt staff yerti1 dmjse ruD by AGBIS. LSC. HMC ly ISBA. Or8anisaiionaJ A147na8em¢fjt the kknol alld ttornllY meet four time5 a )?. Muth detailed work i% carTd 4JQt by the men7kn 71Page
THE KtNGS SCHOOL ELY Company Registration Number 24405ff) Chari Number )2427 had tbree ekJtseDts: KiDg's Eiy A(Temoni (KEA), the Nuw IKEAN). Ky'$ Ely JuDNJr (KEJ}. atsd K'S Ely Senior (KES). The Pn ol the KiDg'$ Ely is Chief Executive of all thTee sections. KE8. KEA and KEJ eath have a Head of under & direct ove1£t of the Prin(ipal. The C edu(xtioDal objects. reFts dtreLdy to the Prwpl. Tr day.to4ay w of the i8co.ordiD•ted by Group Strurture of the finanid statements. King's Ely (>ctsp klKK)l Ltd (KEOS) ID d UDitrd Kmgdom on 23 August 2016. The eomwy is Dot t tra&Dg. EJuplopeDt pli King'$ Ely 8upkKYts attalDment d the hlt standards of eduokn through aDd to widen pubhc aLres8 to the 5dlg we yovide. to oPimi the ufe of our aod 8porDng filxtie4 azA to awdkcn inour p¥i]san awarenessof the jaILteXt otthe aU.TQW)dgJwaii(m theyreccive &kng'i y. app]lLts for eJDplopemt and existsDg em abilities and relevant qualthotMX aod rettivequal treatmentas w>videdby law regardless ofgender, sexual di51]ty. Tiews of employee5 into xtoiuit when deciswxu are nwle that are likely to affect their iDtereth. Regular itb sutrat all leveh. F4Dpioyees are made aware of& finan(lal eLThomie rforM of & thol. Yolunteert {FoKSE). of activities. 81Pagic
THE KING'S SCHOOL ELY Cowy Registration Number 2440509 Chari Number 802427 nlimimum w¥ pultoanymembeof ststTiustalx>Te& N)11 LThJngW¥. Anypy ijx¥e45e isawarded Deliv of the Sd1.$ tawitabk Visi aDd Obiwts li primdy det our key nt so1 and 8tatTrelated Lts are the larpt ekmeDt of our dwitable ewditure. A8 Trmitted by the Artide8 of LwciatioD. the GovernoT5 have l>enefit of aD iDdeJnDiry. Wli 18 • and its Governorj. Stat¢Jn¢nt oJGoverDorrf A¢¢ovntiD8 and fteFwtXD8 Rewbilio Tht. GoveTnors (WI are al directTh ol The W'3 S(knl Ely for the of o)mpany law) are select the most suitable xThmtitig pliL$ 4ttd #Y them r**wstendy: pxilion of the &ritsbk comwy aDd eDable dwD ensure O&t statements (x>mply Fith the 91Page
THE KING5 SCHOOL ELY Company Registration Number 244051YJ Chari Number 802427 Governing Bodyhas taken all the step thtbe or & sknu]d have takn 45 a memberof the Govw Bdy auditor 18 aware ofdHt infwn. Stratrgic Report the ch•pter ID &ir lives. rapidly. fr(¥n Faster 2022 the x4xM)I had rel)Ved almost all of the Covid re8trifflw. Prep and Pre.¥ s(knl iti Newmarket, tbe merw of the resp1¥¢ (&¥ities. under Fatrstead H¢)u wa# weic(Mned into Kmg'l Ely fartiily of S August 2022. te Strate8ieJ to achieve the School'• 41 During 2021.22 and in line with the knl'$ethrA to itivest, maiDtaiti and cJthaDce the Eautiful andhistorical diny and facilities that we enjoy every day as txrt ofour herw. for o)llliDual improvement . crtatiDg a multi.pe w and to allow for a seLThd Astro to bE iDs¢alld ID 2023, and aethtic irnts have beu to the spts latcr repkncnts as well u (urdKr LED lighiing upgradu aDd WIOW repl•¢emettts. Roof rew. improvemcnts to fe w41kways. external l¥bting and bthTTr)m replaccmemt have all featured in the tsugbt. kne tbE roof cotDpleteJy repld and exteXDal fabric rey haye be carried out. In IOIPage
THE KINGS SCHOOL ELY Cowy Registration Number 2440509 Chari Number 802427 {7 compJet¢ddutin8 21.22 noW1p1a}. allow to offerh%hquaJity alTordable w)u0datIoll to e have 6Y rCfwbi. Thii is now OLxwixed by the rfwly app)inted Ikpury Hthl aod DSL. 51ateplaque w8Wittdndreved with all bwMesofd falleD TtttuTred ready for the S¢hool's the 15. day the iwtauation of automatic ow Iinkcd to the firc sytem iD)wed end(Thd by a VJSitive invtson ID November 2021. King's Ely enjoyed aDo&r b¥hly vear. The prwdly prorided eduGilithk ID Ely to aDd wls from the of 2.18 im Ku¥,¥ Ely Nursery. Kg.5 Eiy A(TeznoDt, Kg,5 Ely Junior. King's thildren wherever Ible. This year avey tr>tslkd 1036 (2021: 993> attd £t4lliÉted or: Totti Total Totsl Totsl Totsl 2022 2022 2022 2021 2021 2021 Kitig's Ely Sth¥)r 413 5Z7 511 39 329 342 g's Ely Acremont 81 81 71 71 King'i Ely Inttrnatio Totsl 18 22.6% of2022 A Level gr¥kn were A 46.Tr6 Trere A•IA gr. 75.2% A .B gr*4t. OvtThll w rate was 99.6Yo. Value added Contin i() impTove. Most iwporttDdy, all SDthnts kn8 UDiverrity IIIPaJJe
THE KINGS SCHOOL ELY Company RegAstration Number 2440509 Chari Number 802427 GCSE ot(X¢S were a]50 str. 23.8 % Orp wexe Gr¥k 9; 42 % were Gr4& 9.8. 59.1% at Grade 9-7; 95.1% at GTdeJ 9-4. of eacb sectiots of the ¥dwx)l. We continue to knld the o)veted Internation Sdkools Award we are aLXTedited eTwinDiDg kh(d. Qlity IALd awards in all four of ow eTw projeLts. of disciplines. Future developmerAts Killg's Ely will ntinue to build its su(fC55 aDd ppularity ID the l(d market athd ltiternatsally by where wb]e. i% CODY)lid•tiDg EKt$1$s model. ildg y wty f(x future Investnwji meatt8. 2022123. while Tth]Y the eCOr¥xn of glc4>AI eTeDQS OD xknl and & 8ertor. we will continue to Pl for futyre itiyeMmcAt. In the LY)mlDg y¢aTS we Twill cx)ntiDue to foau rm (TrAtiDg a1 a divu% pupll and staff con)muDIry and in line with (w underyAw etlu ()thoiistr edwatMJll CODtinv to deveky our students as educated the Remi&%1 Policy are pknlished on the SdKM)I's wknite. ard advicc 15 frttly avaiJ4bk frrni the 1. lo the yw to 31 July 2022. the dallowats. IArsaTies. dKJral aDd Tnade to pupilB wa¥ £2.185.845 (2021: £2,028,969). Et able to take advanta of d edu(xiion offered. 77Se butwics apply fo new app1Kts on cntry 10 121Page
THE KING'S SCHOOL ELY Company Rytration Number 24405( Chari Number 802427 ajyl provide alk)wallces for fd7nilies of the Artned Forces of d Crow4 elwbk meullxrs of the Fo18 and inancial R¢view4TodRe4ultsJor the Y¢4Tr '1. results for the fJtwKiat y are Settin the C]ted Statement of Fltsar ALliVities on py 22. There were net fuD& for the yw of £820.057 as Ced with £216,3TI in the yeviou8 year. Tkne was an overall net iTese in fimds of£gx.745 cnred with £879,251 iti yw. Ftt iOme in year wa5 £20.222.251 In iN¥ea%e of £2.019.350 over thepreviovs year. reAectsDg the incre&8e in pupd numbers. the F)ardmg/day ofputmb andd¥ itt Fce kvel. Expthture on lethS totalled £2.063.017 otwhith £1.518,763 bas beety opitaiised. iDclu&Dg the wntinKd iDvestment in Icr. èKMrthg and day faciiiiie$, atsd & eatr to TDeet ]th and $tty wellts. The Sdkn)ol al) retyived grants under the coroVIrJ0b Retcllti sdDe of £18.7Y) {2021: £617,545) Follow d eDd. F•irrtead Houoe sa1 d Sdwl on the 5" Augu8t 2022. the yw King'¥ Ely Etstetprix4 Limitedxaued £48.985 (2021: £7.823) for ag&aid pA)TDent to &.¢rIMI, tlweby traniferriDg all its twhle profits io thr fK4MyA. The tivity intht thidiary exm¢d to 1Ce in 2022.23 frora this yw'¥ level of aaiviry. -vy Tar4ptio Fundraising p¢rJorwan¢¢ Grants and ¢&)llati totaued £49,758 cx¢lG0Yexftt Cxrnvinupts dwmgthe yEar to 31" July 2022. 131Page
THE KING5 SCHOOL ELY CornpaDy Registration Number 244051YJ Chari Number 802427 Rcserves Poli The thol's totsl reserves strKd at £13.2m at & -¢d. Ildud £539k of retyKted and £12.59m unrestrthd iwy)me incluthDg the w fund 4J&it of £30k Sch1.8 CtIn &Miity to w)vi& flrst da& edw>t¥d servKrs. through strady reLTUitment of pupi]s at all stages OF the s(kn and by btary (rntrol. Thc tsrget is to hold three trond, yting this (xsb flow aDd leItiVity aDalp idi¢atr that the cash reserves of the dxarity art to meet d InTeJlment Poli (d Oty¢rtiv tbe hmds art beld. The investrtseDts are •Jffi(?eDt to Dxet & Sdthl's obbgati<w a firnd by fund basis. Govenw)rs revTrew dy aDnully. is to &ii"Yer a re41 retwD 4% rtt rff. Thr ¥1* rftk &(yettA by 0.9% ortr tht ytsr. 11 ii nottd &At Capitalisation Policy 141Page
THE KINGS SCHOOL ELY Company Registration Number 2440509 CharA Number 802427 Statement olstreanthed ED¢zu4md CorLThi R¢p)rting (SECR) heating). electri(iry and d1 {with a w limited amount of tttyol) wed in our lleet of vehiciu over d i(Ml of this annual repYL Tl fi¥Jrcs have betn cotsverted fri>m kWh/litreJ into 4uivalent of 202k21 21-2022 uivaient C02 (eC02) onnel ofc02e ptioD of Natural .963.158 kwh 13 {tonnes C02e} ,560.367kW 32 (ton C02e) 1.128,729 kwh 263 {tonnes C02e) .222,$45 kwh 36 (tonw C02e) or Vehides { i) 2,488 L 57 {¢onnu C02e> 1,6(K) L O (tODnes C02e) 1,148 {tonne8 1233 (tODDes 02e ieoiity ra. Gro C02e I number or 1.2 tottttts C02e/wil 1036 PuFb Ile total ec02 fgure bas beeD to provyle an ltsttDtity Raty" of x tonnes ec02 pez pjpl a It sknuld be not•a the fw aknve irdude a ttrKKi immeditrJy pt.coV1a wkn Bcknls were ore to Ixat attd light wbils¢ 8.1% 1rdU¢ thr total kwh ofp (x)mpated to last yw, but• cOmtr rise (8.3%) inelectriotycorLwmptson ]ikdy tDbe as a reAdtofsoD)eeJectTiC powered F*ating itisttlled to rcpla(X Fwly crntrojled gas Featrd wel r1•1 and wte of FASt tillg 10 routes (up from 9 & Tr¥)]5 ye4r}, still trp •n of680 pssew 151Page
THE KINGS SCHOOL ELY Company Registration Number 2440509 Chari Number 802427 x> far a6 18 reasotubly FKJMiblt. mee knbip Team. and the Sdtt)ol'$ Health atsd Safety cMmIttee. at1& & Bo•rd of Governors. au parts SeDior tAknhip Team all ofTisk en( iDduthg the day to day w¢irm of the approvcd Healdl and Satety C{thilor. commUnationS {IndUdu%bli¢ rd41ions>. oFrnuoDal {IwiudingTrth1tsd ufety) andpolit. EX1P pupil numberB for any reawn. p¥t10Y alTwdability' the Lxt of current iDllatioD; aDd Ireakd(ywn or CY1.11& syxeDU in of key uired by law lor the protectboti of & vulW. All are induction traiDiDg illl1th a1 safety 161Page
THE KING'S SCHOOL ELY Company Registration Number 24405(V) Chari Number 802427 Sertion 172 statellnt way tY o)llsidcr would be must likely to athieve dLe objects of the CompADy. kn maknng this a) The likely of any de(is)D in & long tenD Enancial wiectirw •nd the key Ti5ks tbat ctyjld Yrively imp4Lt d I]tY of Kg.8 Ely. I tE plan on a regular bwi. Risk maDapenl is ¢)bedd at all Icvds XTQ55 Compwy. The b> The iDttrnts of the CoMpY'S empknye In relali¢)n to employee gerntt, the Govenhors rettive regular re[5 from the Principl and the Be10r manawent on the rryivesofsuff. With Tcgard5 to knTd Diversity, tbe year five wome and nine meo artfd as Governor. kng's Eiy Iw c¥)mp]ied with UK'8 Equaiiry Aet 2010 Rcgulations 2017 that wuire the publiG41ion of inf0rnti the pleT py g¥ for UK fJh)ployeu annually. The 2021 report is available ijn thc King's Ely websi. collrthiVC' tor group. A"you said, we d¥1" cDiture ex] to crAtsmur3tr 4Dd rtcwd withiD the pupl community E4ck (o pupil Fmxly. Compatsy h8 completrd the FthgY Saw Opp(xtimity IESOS) reporting requirertiellts atsd ts Tth¥ undu the Strearriw Energy and CaTiw ReEIllg {SECR) sec pge 15. The thol'$ c(widcrable {tritIOn to the I( commiinity 15 Zt out at page 6. TIll¢S iDduded King'8 Ely'3 Prument Pro¢us and the Kg'S Fly BriEw Po)Y have wved by d Bod of ws and regulatioD5 re14¥ to fraud. briiw aro1 c(Trupti(ffl whuever it ot¢S (iticlu¢thng the UK Fraud Aet 2(M16 aod Brikny Act 2010 atolks to & Owl's OFratiow FM)th iti UK glob•lly). The 171Page
THE KtNGS SCHOOL ELY CompaDy Registration Number 2440509 Chari Number 802427 Independent Audih the of Governon on 10 Decem 2022. tkir wty ccanpany direct(n approving the strats Re Mr David Ihy Mr Mark Myen 181Page
THE KING5 SCHOOL ELY Company Registration Number 2440509 Clwity Number 802427 IndependentAnditoes Report to the Mejnkn ofThe Ki• SchooL We have audited finla1 statements of The kng's SdL Ely ('the dmritsble coMPy') aDd its subsw ('the gw,) for ethded 31 July 2022 COZDPTise the $tatement of Republic of Ire.lard (UDited K Crtwally Aw¢ed A(LY)uDtl Prac). ve * Irue and fair view of the state of the w's the dwitabie comp•xy's a(FairB as at 31 July 2022 attd of the P.$ iNyJrne and wtsditsjre. for & yt4r then ended. Basi8 for opinion We cOndred our audit in )rdatt with Intern•1 StaDdard& on Auditing (UK) (ISAS (UK)) aD4 applKabie law. re8pnsibilities for the audit of the Pnwicial alemen11 sectiott of 4Jur Teport. We are XDdepwdeDt of the accordaott with dse wuiremujts. We ithv¢ that & audit e¥i&w¢ we knve obtsiDed is and •ppropiiate to yvide 4 ba&$ for our ow. or o)odi¢iow thai ltidividually o)Ilecively. may eart MgnIfiLt doubt on tF dwitsble LY)mpy's or the Ot1 informatiOD and. except to the extent otrw tspiiudy 5tstd our rel we do not upress any fonn of&8¥ur 191Page
THE KINGS SCHOOL FLY Company RistratiOn Number 2440J9 Charity Number 802427 IndependeJt Auditoés Report to tlke Memkn ofThe King's ScknL Eiy OpinioD (Continued) Matters on •vhich we are required to rep)rt by exception We havc Illg to rewt ID resw of the followmg DYtier¥ ID rel•tirn to Comw Act 26 requiru w to reprt ¢0 if, in our ow.. PrePtion of the statemeDts •nd for Iw s15£ed that they 've a true arA fair vicw, and for su( comwy's abth'ty to (y)tttitiue as a go Ly)Dcern. &¢l(w. as apple. mattCT5 rdlted to ]ng Conl 20IPage
THE KING5 SCHOOL ELY Company Registration Number 2440509 Number 802427 lttdepdent AuditoP8 Report to the Members ofThe Kin¥ SdwL Fly Opinion (Continued) inion. Re•sonknle as5urantt is * kngb kvel of but ts * guarantee that audit Lndtea . froDI fraud or ern and are consvkn matttiai rf, indivAdully or ITh the aggregate. they could re&ryoDablyE Detsils of the cxtent to wknch & audit was co0 Lyable of dei JTregularitiu, indudmg fraud and non.a)mpliance with laws regulations are sei out ikn. part ofour ats&ior 5 report. fraud or err. and dIscua dse betwee our audit ie4m mcmbers. We dwi drJigncd aDd wforn)ed audit corLtext were the CouLW Act 2(K. taxalifA legislaiioti, togedr with the Clwities SORP {FRS 102). We ri4uird with tlx. ¥U145 •¥ our audt yfttdur¢¥ up's ability to (VCTatc or to avoid a materui tXDaJty. We also CODSi(knd the opp)rtuuities in(utives dut may existwithm & dwitable LXKOWY and for fraud. The l•Fsandreylati(wwc considered ID this coDteYt14x the UK operdtiotis wert Tbe FAlu(Th (hKieFt ScFMM)i Stand) RegulatiOD$ 2014. -guiation5 to of & TTUStees and otkn ent of regulatory arA legal reading minutes of mv( ()ftlxx Lhayd Withernae. 211Page
THE KINGS SCHOOL ELY COmpY Registration Number 2440509 Number 802427 Independent Auditova Repjrt to the Mejnkn ofThe Kin¢8 Schoo4 Fly Opinion (Continued) Owing to the iDILerent limitknw of an audiL tFtt is Its uttavoidable risk that we may not have detected Use of our report Thkn reprt ¥ mle widy to the (knitabk a)M[y's membery. •$ 4 IAy. with Uptrr 3 of Part 16 of tht Comw Act 2(K)6. Our audit work bas be tbat we might stte to the dwitsble coD)py'S JJJerobtts th( matws we •re rquwed to sratr to kn ID auditor's rep)rt and for no otFt purpxe. To fulkstextrtttFrmitted by law. we do noix(tpt or•8wme rwibiliry l)De other than the &ritsbk compwy ard the dthritble cthDwy's membtn ¥ * IKAY. for our audrt work. fLr , or for have formed. For aDd ou ¥drOf Crowe U.K. LLP arntY Auditor, Lon¢ 17 January 2023 221Page
THE KING'S SCHOOL ELY Company Registration Number 24405(P) Chari Number 802427 CO01dated Statement of FAtiancial Activities Fets re(i%able 20.222.251 I.(9.27] 20.222.251 I,OYl.952 18.202.901 612,IM)9 776.829 28.681 Nona 63.1%1 63.C61 20,131 9.(KlS IDve•tments 9.172 2.272 28.81M Eypenditure funds 14.076 287.806 37.987 14.lJ76 287.8C 37.987 12.3 245,482 40.S67 FuThlrlslng & deVtJLW¢ 310.629 340.629 299.703 Edue41k Total expethdl¢uYe Net IFupendlthre)/IttLYJtt befovt invejtment (kweJ>lgaiTJJ 809.624 10.433 820.OS7 216.3 Galns/Oosw}/on Investsts 1899) 6,371 662.874 17 78.317 78.317 16 164.844 (164.8M) 231Page
THE KING'S SCHOOL ELY Company Registration Number 24405(Y) Chari Number 802427 Consolldated Statement of kncial Activities For year ended 31st July 2022 (atIne Reconciliation ofFund8 2022 Net {ExFnd1thre)/hrne ijwoss (155JlO) 745 8792Si forwards at l July2021 at 31 July 2022 The Dotes pages 26 to 45 form prt oltE** Stallmts. 241Page
THE KtNG'S SCHOOL ELY Company Registration Number 2440509 Chari Number 802427 Balance Sheet as at 31 July 2022 TIble as&ets Investments 15,541,891 15.117.738 4011084 4.339. 106 15,541,891 4.012.184 15,117.738 4.339.206 io I768 5W35 14.IM)7 319.852 35,768 619.737 14,(M)7 353.659 Debtor$: amounts due withiD c•e y Cask at and ID hand Net current liabilities Total 418ets Cllrnt IAabilitie8 IW58 18.882.904 18.5%.858 18,882,90 Long term liabilitiej 14 Repreoented br. 15 16 539h70 6,?80 14589.326 11.422,241 539.470 12.589.526 694,780 11.422,241 Net Ie l (E¥'tre) year for the dmrity wa5 QJM.745 (2021.. £247.149} and slgned on its Etl¥lfby Mr David Day: The notrs on pp 26 to 45 fom Frt o[the fUWKJ ststcmcDts. 251Page
THE KING'S SCHOOL ELY Company Regi8tration Number 2440509 Cbari Number 802427 Consolidated Cash How Statement for the )Yar ended 31 July 2022 2022 2021 Net rajh intlow/(oufflow) from Oltill8 19 2,201.8UJ .585,081 Purdwe of rJDyble fLYcd as8ei 8 (1.518.763) 333.459 (4.857) 3,635.2QS p)rtfolio Movelnent ID investment 166) 56,179 (3.675.552) rtfoiio 11.098 28,804 Dividcnd5 aDd intcrcst (1,461,732) (s.605) i.(KKJ.(KM) 747 1.742.085 {520,138) Ca& aDd cash at l Auwt 2021 Cath aDd Lxth 4UiTAlents 4t 31 July 2022 261Page
THE KING'S SCHOOL ELY Company Regi3tration Number 2440509 Chari Number 802427 l. Accounting poliaes Clwitable Statu8 The (knity is a company litDited by gxarantee (o)mpy regiltrai numbex 2440509} and is a retered clwity Englad and Wales (802427). The kn of the regtstered is Bartiw Road. Ely, CauLiYshire. CF7 4DB. ' the UK and Rebkn of Ireiartd {FRS102). the awitiu Art 2011 and the St•temtht of Recotdea 4yli(xbie in & UK arml Rcpublic oflreknd (TrIIS 102). Ile individual entity ac(x)uhts of the K,5 S(knl. Ely takej) advantage tsf the dikn CXeTnption uDd¢r FRS 102 to wtely di10sre of inStrumets and itCm5 olinLxxne• W. fee papent, iZKTeasd uts]rty axLq and ptentiai b•d debts a8 well as impxt oxts from the measure4 dw&ty's ob]¥atioDsas they fall d. Additio1iy. dep'te wider uTrcety ID the tcoDomy. the streDgth uiml Iv n4kr judFtneAts. e#timtrs. aswmptions arft 0[¢ts and liabijitiu thit estimates. 271Page
THE KING'S SCHOOL ELY Company Registration Number 2440509 Chari Number 802427 Accounting polici&% (continued) Basis of COD801idation up to 31 July 2022 and Dted a Ime by lint bsi¥. bhtra.grnup atkd [Mfitse)1rnjred Income have Lnet attd reLrV i5Fvc&ble. Where adaiD) for ry¥peffjtof sDwD)e tsx kns or will be made, su Acceptance depoaits bave reieTwd CODtract ternu whi(& Pupil fee art ld by the 1. A]tkM)ugh under norm circUmstse8 these will be reF4id over tUre yrars wl)cn the puph complete their edutstion ai the the ittdivklual r( •t least 12 mondjs after & balaMr shcct dte Id. ID lint the rewents ID TrILg 102. the balanLz of& &p)yts Idd 4t 31 Ju]y 2022 bave FKtn iz¥AudedThithin ojrrent ltsbilitiej. The 281Pagc
THE KINGS SCHOOL ELY Company Rcgistration Number 2440509 Chari Number 802427 Accounting poliaes (continued) Funds wkn tbese wiskn arc Icgally bindthg cm Governors of The Kthg's Ely. is y&bie that im)me will Et re(tived aDd the alncAl ran be mejswed reliably ard is not dderr Expenditure on d bw'8 of the estiujatrd arnowitattrlEMAtabie to in tt yw. ei&r by referenL% to sta(Ftime development. aho exterNI •udiL ard 4DY kgll advKe for the G0Ven ofThe Kmg'i Sd>1 Ely and •U the 291Pagc
THE KINGS SCHOOL ELY Company Rytration Number 2440509 Charity Number 802427 Ac(xunting poliaes (continued) Tawble fixed assets followx uDleu ofaryy kue is sFffler: Land Freehold OFrtY 2%. I(Monct 15% on c(t 2(P/o on cost IIY/o on 8t 25%(•cort 33% on cort Catering ent. tea(kng aid¥. mowers and Motor vaicles Invejtments Li8ted Attvesoments are itsted at tbe market ttie (m 31 July 2022. Galn8 and108•u are tskeL to the within the Ststement of Activities ne¢ofany rtbtts agreed. Previously fees deducted from bomi withits the prtfolio were oftset wt net p or losses for the year. Iw resultrd in • resuttmut of LwtributioD IrAY $dle for Wn.teth1D8 ¥taff at 23.6% otannual py. CotttributioDS to both are set out ID note 17. 30IPage
THE KINGS SCHOOL ELY Company Registration Number 244051V) Chari Number 802427 AcLx)unting policies (continued) less depreciation. ThÉ' (3Pital elementof the future tmyttellts i5treated&q4k ii4biknty arLd d interert is(knged assets liabilitss ld on the balae knt are trawllted at th•t d•te attd aDy rewlting p or 1005 Ile King's sd1. Ely has PthCial 4Dd liabilitiej of a &ind dut quabfy *8 b46ic fiDan(iai Investrwits. indudiDg EM)nds beH as part Of iDVtstmeDt yrfolio are held at &ir yU¢ at Balat d•te. with and los be recognutyl withiD income and exFThditure. Inve¥tsnents ID $ub 311Page
THE 1G5 SCHOOL ELY Company Registration Niunber 2440509 Charity Number 802427 2. Fees recrivable 24574342 20,376.560 (284) (231.995) (1W)737) (1.796.974) ZO.869 18.201.519 919 919 Ibe alx)Te education aTmrds wtrt TDade to: 311 iDdivMknls (2021: 3(X)). thlarsknp8 236 {2021: 152>. Burgrw and allowarm 224 {2021: 192). 3. Trading activitie8 of subsidiary rated in EDgknMI and Wales. CompDy Regwaty)ti Nwnber 3561879. and Reg¥rered OtTKe: l%e KiDg's S(LooI Ely. Bart¢)n Road. CB7 4DB. kng's Sd1 Ely Fthte2pri5es Limited provides CAteritig and coDfereze Services. The Comp•nv donates its xIble profits under Gift Aid to The King'$ Ely. A bdow. tOged with d SdM)ol's own re4ults for the year to them frrAD the gw re8uIts in (fjn50Jidated Statcment ot knial Activitu. Auditrd knial Aatr4xnts will Ix. Eied with the Reptrlr TurnoT¢r t of gales: KSE EnterISeS Ltd 63,061 (12,127) 20,131 {4.9S7) 07 10.099 (2.T76) 21.271,218 18.811,017 Gross wfit: KSE F41¢¢Wi8u Ltd 50.9H <1.703) (246) 21.271.218 18,816,092 Tax i&rgt 49.7S8 18.FA) 641.710 Net iwjme lor d Gift axl donation to Ile k4yx 48.985 7,823 21,351,210 19,621,725 21,4(Y),195 19,629,548 (20.265.474> (19.134.470) (26,858) (33.219) 24 Costs of peTatsng fun&: 37.612 Total Jiabikntie5 of subsidiary Total Det a55Ets of su 321Page
THE KING'S SCHOOL ELY Company Registration Number 24405(ffJ Chari Number 802427 4. Other incomc Regithtion fe 67024 SS3,132 939 369 56.136 326.252 5.456 SurrJMrge on paymetst of fets 31.071 147,862 50.307 401.811 28,681 char to KSE EDtewi•u Lbl ol'&ilities Group total S. Inve8tment income Inq)me from inv¢8ttDents 154 24,5( Totsl Group 6. Resour expended 287.806 53 287,806 53 245.482 56 TO for the Group 88 987 Te4dJiug 9.521.783 708.984 Welfare 1.379.045 729.684 1.604.910 2.(kn3.017 Support (X)5ts of KknIiDg 1 793 846 1 506 370 SelM)ol'J operatiDg costs 14.299.584 5.LM)8.055 20 Total for the Group 14.299.$84 5.028.575 Totsl 1<299W4 &369204 145.556 21,735 739.792 10.376.323 9,932.050 2.130.464 1.890.659 4.4(,719 4.158.313 3 367 544 3 152 986 20.282.050 19,134.008 974,411 974.411 97ViJ 20.302.570 19,133.599 YI643,199 19A33J02 331Page
THE KINGS SCHOOL ELY eompany Registration Number 2440509 Chari Number 802427 Re8our(u expended (continued) 26,755 1.2(K) 103 31.440 2,220 Profe%4ional Ftts thoi: Professional Fees Sub8id4ry: Total SdMX)I Tolal Group 7. Employee infonnation 11.249.557 10.877.332 1.104.609 .012.693 Social seLwity cThts 14,299.584 13,797,6SO Employtt belts in kind paid Total Staff Co•ts The nwnber ofemploFes ID d )t4r irn: 214 63 71 221 65 75 Welfare Total for the SdM)ol atsd Group The numFr of employees thlOYed by & wiwd4ry was nil {2021." nil). or other fr(xn the klKx>l. Expe totslling£103 (2021.. £1.T79) ITrred ID their dull Ihring the redundaw pymetsts of nil (2021: £1.614) and ppents undtr Setdcllt agreelllenrs OF £40,0¢)0 (2021.. £16.420) Ivere tIde. 341Page
THE KING'S SCHOOL FLY Company Registration Number 2440509 Chari Number 802427 Employee intornmtion (Continued) 202 2021 Taxable emoluxThents band: £ &).(xx) . £ 69,Y)9 £ 70.1XM) . £ 79.999 £ 80,(KK). £ 89.999 £I30.(- £139,999 £150.(KK)- £1 $9,999 £160.¢XK) - £169,999 Total rvjnunerathbn pd to key PerD 2022.. LI.373.M5 (2021: £1.303.035) Totsi Contri1¥) PNI OD beldf o(key 2022: £227.051 (2021: £220,106) was 187 205 £S19.352 £537.621 139 151 £1.438.130 £1,372,709 . Defined benefit 8dme was 8. Tangible fixeAI as8ets In Mar& 2011 the etsrreLt matket value lead and freeknjd prtiwtits. exekn&Dg d frthd aDd refibis1lleDt costs o( & Old Palxe. was £20.875.(KKI. The net Fxx)k yah of ats used for the At l Augwt 2021 AdditioDI 12,352.274 383,089 7.925.717 8.921.191 29.199.182 357.475 778.199 1.518.763 At 31 July 2022 71 At l Augusi 2021 Cbarge for thc year 5.389.547 246.632 2.H6.320 6.245,sri 14,081,H4 149,150 578.629 974.411 At 31 July 2022 Net b¢M)k value At 31 July 2022 At 31 July 2021 Indlthd in Gxed assets aE)ve are assets oa fiDanLf w£.79] (2021: £453.955). - a net Tah of £169.322 (2021: £260.113} afttr of £453.955 {2021. 1.791). 351Page
THE KING'S SCHOOL ELY Company Registration Number 2440509 Chari Number 802427 9. Kxed At investents wup Valuation at l Aiigitst AilditiO atc{l 4,256.860 82.246 4,339.1( (302.M3) (31.116) (302,343) <31.116) Net gaiDs/Oosses) Valuation at JI July 2022 371 Hijtorical at 31 July 2022 A80et digtribution of the iDveJtmrnts included in the above i Mul. Total UK 21.5 33.2 Global 63.4 21.5 I(.0 Sthool The SdK)ol ajxo a IlTh J¥Ading of l(K> (Amary slkru of £1 Kiog'i S(1Km Fjy terPrI Limited, a limited LY)mPy iDWted and reysttred in FW atsd Wale¥ 10. Stod[8 02 I?.16 17,862 4.134 9,813 361Page
THE KINGS SCHOOL ELY Company Registration Number 2440509 Chari Number 802427 1 l. Debtors 02 202 75.014 75.014 .403 98.033 98.033 35.292 27.501 21.632 1.485 21.632 39.(MX> 181 Rent fw on Captular Propert JD 1989 an ageemetti was entrred into between the S(knl and the lkn (kptex ofthe Ely &thedral School would be Fyoyided to the Dean and Cr by the klKx)]. This •lvance. and the intrre8t (x)sts Ih)rne by the &ty)ol of d bk lo to XL waq repyabie by the tk•D Chapter by it foregoing annual reDt and un&r a teTm ofd went. aDy Part of the adYaNr rKJt repid by Au)St 2024 would be fVen by the knl. In July 2011 a i£tter of Aryent it was dced that the red¢ Chapter's liabiknty to repy loan by redwing the bal•nce by ID SeptemEr 2011. a fiwther 4)% i September 201S and to the 2(IYo in kptemFr 2024. io umsidtThtioo of •uy rent revicws waived and tbe anDua] rent UDti12024. The net benefit of the roauced reDts ¢0 12. Creditorn amounts falling due WAthin one y¢ar 264.666 88.739 113,522 289,66S 897,547 244.264 2,636,IY18 332.YJ3 264.666 88.739 113,522 289,665 8Y7,547 244.264 2,636.078 326.515 509.959 84.517 433,435 258,164 497.632 234.yxl 2.297.946 361.041 509.959 84.517 433,435 258.164 497.632 234. 2.297.946 358.821 Oblxgations under leafes Trade (Teditors Papents trctived on account of fees Advance ftts 371Page
THE KINGS SCHOOL ELY Company Registration Nunther 2440509 Chari Number 802427 13. Creditors: amounts falling due after more than onc year 2022 4.797.521 5,812.494 91,567 179.622 516,280 499.013 Advan(x fees Two •8reen>ett(s at £2.75m at a red iDic"rL.)I rate of 2.94% over 10 years on the knis of a 20 year eDt pyable gjarterly {L183,312 per per lo}. One of £686.425 at a fL¥ed interest rate of 2.66% over 10 on the FA8iS of • 20 year repawent profik pyablt quartcrly {£45.832 w u>. £1 I,{J)0,. Battk Capital Due •fter five yeArs Due within two to fThe yea Due withiti one ¢0 yws 3.94S.766 576.034 3.945.765 1.268.422 598 307 5.812.494 4.7Y7.521 Due within two to five Due withitt one to two JeaT8 91.566 91.567 73 179,622 381Pagc
THE KING'S SCHOOL ELY Company Registration Number 2440509 Charity Number 802427 2021 IIYl,574 199,953 133.370 118.809 Due wtthin two to five 516,280 418.075 The movements during the Tvry Balance at l Aiig118t 2021 New deyts Allt ofdiKount ¥¢ 917,088 586.496 I,,661 669.621 1,516,950 {58.636) I.6.914 (40.893) B•iance at 31 July 2022 14. Net assets of the fid& of School and Group AJ at 31 July 2021. Fund Oi•bilitie•) Oiabilitie8) 81,347 458,123 S39,470 School 15,541,891 4,012,184 (959,217) (5,435,715> 13,159,143 Group A¥ at JI July 2021. Futsd (jilltIes) (jIllties) 82,246 612,534 694.780 School 15.117.738 4.339.206 (595.572) (6,606.4) 12.254.398 Group 391Page
THE KING'S SCH(X)L ELY Company Rytration Number 244051r) Chari Number 802427 IS.Movement in restricted funds 021 386,956 sdlITP and bu[ 165.732 89,376 20.877 31 0 (175.021) (259) 211.935 171.502 98.919 20.877 1,268 28.681 (919) (19.138) Ckn Taylor The Relithan CTrwitable Tnmt futsd was t iti 2012 from a gentr0 tion of £125.{ from Relithan awitabk TTu# to wivide tow•rth ftts Sixth Forn) pupds wbo ]ive within 50 tyiles oFEty. A Pberous d(tion ID of Ckn T4ylor rcl¥ed 2011 &ttd 2012. Clara Taylor Award 384,414 2,542 (39,492) 386.956 199.235 1,228 (919> 165,732 37.278 20,877 89.376 20.8ri 31 Clarn Tay 40IPage
THE KINGS SCHOOL ELY Company Rtion Number 2440509 Clwity Number 802427 I&Movement in unrestrided funds Fees in advance 917.088 68.709 599.862 29.035 (670.145) (97,7H) 846.805 Totsl 8th001 NoD.charitabk 11,559,618 21,369.242 85,584 (20,608,603) 213.829 12.619,670 tn the previous year ntswe invited the fee rd)atrs VebecaUse of the Coronavin Fmodemic. It was agreed that these muid Et eith to 5UFPYt Ird bursu for tknge affected by paDdemic. for 8P)rts filiiits ets1WKlQrerl investment in facilities. The lyhi (on¥ard wwpent a UkniniaD Burwy Fthd. Thii amount totalled £29.035 and fully 4)eJt ir4 ytar. I,,661 684.253 134.811 (T73.826) (66.102) 917.088 68,709 Total Jchry)I Non.dwitabie 10,694,955 19.577.041 652,698 (19,421,403) 56,327 11,5S9,618 17. Pension Scheme d8¢ the yw iticlwiefj crmtributions pyabk to & TPS of£i.438.130 (2021.. £1,372.709) and at the lld £173.238 {2021 . £165,340) was XXTuod in rtqLt ofcotttrikniions to this sckne. Pen5iODS Regu]atiOW 2010 ({% ameDded) and The Tead[s. PeTA%M)n &thetye Regulations 2014 (as etk]ploFr be edited to the Exdyttr. Retirement and odu won pA¥l by public wvided by ParliamenL eIrea as at 31 Marth 2016 attd & Valu•tiYA Repxl Ivbith Fva5 IK]151 iti Mar& 2019, I Weulber 2019. Employers are akn Tquryd to a deme aIn)iri110ll levy of 0.08% gTiDg a totsl empk)F crw1bu rate of23.68%. 411Pa8e
THE KING'S SCHOOL ELY Company Registration Number 2440509 Chari Number 802427 2019. However, & 1%4llnptions were Consi and set by & DepAftsDerAt for Education prior to re garthng implethentst¥)D of the 2015 rdonw to Pllb servi PcJksions the TeaclYn' On 27 JuDe 2019 C4Mrt deDd & govetment perillis b) the Cl of 9aid it wi]1 ew fijlly with the FJnpk)yotht Tribun as well a8 employv and member Kd between l AFnl 2015 attd 31 Mar& 2022 at d p)itit dxy be<J)me payabk. that there would 4 review of this cl (ap in Janw 2019 annoUd a pauze to the co8t eap med4Dism follory thc Court of ApFd s rllIg iti McCloud/Sarge4nt ce until tFere is Lyrtainty about the value of Pe.01 to emp]oF from Apnl 2015 onwar&. Ibe w lifted ID July 2020. attd a Lyxuultawi was lau ¢ 24 JUD¢ on propd ¢knp to Lxjjt CODtrol Me(4D1 followiDg a ttview by the GovernmeJi Actuary. Follory a public cots¥ultstion, the ' to implement these chay ID lime 2020 valuatiotts. The 2016 mrtCODtrol valuatiow have SAI beem o)mpleted in January 2022, aDd the rew]ts IDdioited April 2024. Until the 2020 Valuat¥ is LYXDpkwJ it is not to on any imp¥t OT firture cbanp to d LY)DtributiOD ratrs of thE TPS. ArrrAiDgly, FYOViWm for lditionai The partiapates ID & $drne. a mu]ti-employer whith WTrides bcDefits to rne 638 non.asSl&ted prtsciF40¥ empJoyeT5. Ihe %kn)e is • defoJed ¢&t s(&eme in & UK. It 15 Wt OD 30 Di'Lynkn 2(M)5. This. toged*r Fith ¢knents by PeTL%i Regulator and Tedth
THE KING'S SCHOOL FLY CompaDy Registration Number 2440509 Chari Number 802427 for other p•tmg e1nploy. (blyalicw if employer8 arc wkble to meet their 5bare of the meet dir share of & 5dlle deficit on an prchase knis on wid¥Jrawai the Sd¢. •ts of £8.5, lithiknties of 51.9 and a &fMit of £31.6rn. eotttributiODS io d Id¢ ¥ foik)ws: FrryD I 2019ty) 31 2rAs: Ulll a ha8 beeD •greed with & TDMtee & teJiD to 31 janu 2025 appl8. Where the sdme is in deficit and wlwe the compy ba5 agrttd to a delkit futsding •rtat)gemeDt the comPY liability forthisobbgation. The arnl 15 the DetFYcseDtvalue of aclt reductirA I'i)DtributiiW pyable under ellt that relates to d deEeiL The prestnt io Present vali of Provi•ion 2022 2D21 2020 Prrxnt yut of wovision 30 137 17J 2022 2021 Provision 4t stsrt of 137 173 Unlnd]Dg of diso)unt Factor (interest exptyue) Defi£it WDtributs'on (30) (i) {37) RerncasuTements . imtACt of axly cb•nge in a&wmptions ProvisioJJ at ¢nd of Year 30 13? 2022 2021 (78) 431P&g¢
THE KINGS SCHOOL ELY Comwy Registration Number 2440509 Char Number 802427 31 Jdy 2022 31 July 2021 31 July 2020 3.15 0.57 18. Financial commAtments At 31 July 2022. tht SdK)tsl totsl nL¥tr<wJlable leaw x follo.. 198,802 98.802 280.406 155.929 91.156 82.139 161,282 61.282 175.846 169,653 167.679 188.199 Total 202,899 153,282 ent At 31 July 2022, & SdKd and Grry had o)ntr•Lted exp&'ture of £384,324 (2021: £37,016). 441Page
THE KING'S SCHOOL ELY Company Registration Number 2440509 Charity Number 802427 19. Reconci]iation of net incomAng resources to net 8 infiow from opernting 022 Net income 820.057 216,377 39.Ixx) (li.H4} 287,806 (28.716) 39.1XKI {28,80*) 245.482 {36,0%) . li)vesimeDt Lil 974.411 120,2 (275.984) 346.813 1.025.058 (9.(K)5) 395,394 (172.752) Loso/(Pro&t) on dywl of auets IwTease/(de(Tease) ID ed1)r$ (exch¥by FIA) (Decre)1]e4Ie in F.l.A (Aitors 20.Analy8is of IA)an8 to cash floiv Cath at EAnk and in band (5,812,494) 1.014,Y13 (4,797,521) Debt duc withiti )tar Total debt (6.322.453) 1.260.266 <5,062,187) Net debt 21.Reconciliation of net (ash flow to movement in IA)anJ 2021 lllLYease/(de(Tea8e) in asb ID the y LrAD reppeDt ID tbe (knge in net &bt (520.138) 1 266 1.742.085 747 (A)8 .477 740.128 Net fidts at l Aupt 2021 Net debt at 31 July 2022 25 3 150 fA)2 451Page
THE KtNGS SCHOOL FLY Company Registration Number 24405 Chari Number 802427 22. Related party tran8actiOn8 Chapter contributed £165,211 {2021: £161.166) ¢¢%t of Cating & Cathedral Cknistrrs. lthe kknl pvj to & CIW L39.102 (2021: £39.102) in reDts. rent for d* tslr aTh' Iwi) GoverDor of King s Ely Davwj Day arE iK)th dts. At 31 July 2022 the SdKd ld • baDk I(nI ou behalf of the IndeFkn State kF#)ol Parmer8bip Ely local stste s(kn18. The balamt OD & XXXMtht•t 31 July 2022 £8.395 (2021: £8,455), wb 15 Dot itiduded iti thc Sdwl'$ ¥tatemc#ts. lkn knl lknged £DiI (2021.. £5.075) to Fterpris for the i>f fxilities aDd kniDUtrative ryicc3. Th¢ b•laDCe owed ¢0 the )1 •$ a¢ 31 July 2022 was £9S.591 (2021 £35,292). 23.Sulwuent event After the balafyx slheetdatr, Fairsttxi House Sd] Trustioined the Kmg's Ely family of dwough a mey. The effcct of this event is estimattd to be £2.5O).1)X). 461Page
THE KINGS SCHOOL ELY Company Registration Number 24405 Clwity Number 802427 CO]•11aatea Statement of kncial ActiVAties 18.202.YJI S61.702 776.829 18.202.9)1 612.(M)9 776.829 20.131 9,(5 20,131 9,CK)5 Other i1¢)e IDvestments 26.(gN 28,81M Expnditurt ots: 12,308 245.482 40,S67 12.308 245.482 40,S67 Futkng & devel0Fett¢ 299,703 299,703 Educati Net {Exwditure)/lncom¢ before 163.461 52.916 216,377 GaiD81Oosse#)/on iDvesttneDts 652.698 10.176 48.51M <48.5> 662,874 16 Net (EYpenditure)/knu)me for the year 471Page