THE KING5 SCHOOL ELY CornpaDy Registration Number 24405( Chari Number 802427 THE KINGS SCHOOL ELY (A Compny IAmited by Guarantee) ANNUAL REPORT AND HNANCIAL ￿ATEME￿s 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 reP￿t 18-21 Consolidated statementof activitiu for the year etded 31 July 2022 22-23 BA1￿¥ s1￿cts 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 ￿l￿tered oifKe ofthe Compy The KiDg's Sd￿1 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 Q￿y. 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 of￿￿t 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 Se￿e￿ 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 ￿n￿ng diwtiOD datrd 20 February 2(X)3, ￿ Tn¥t'$ dwity re￿5￿all0￿ nurttber (311440} Tvas ￿ and that the UkraiDe wkn arrived in the UK uoder i}* Homes for Ukraine Id￿Me aDd by od*r 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 Prov￿1￿ frtt ofduy w at hpaTAiy R]b¥kW raw. our f¥Jbdi'. evtmts for cthildren Irdly and nat￿ly. arts t¥￿ts for the ￿K￿m￿r￿ty. 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 ectsp 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 h￿l￿￿t standards of eduokn through aDd to widen pubhc aLres8 to the 5d￿l￿g we yovide. to oPimi* the ufe of our aod 8porDng f*ilxtie4 azA to awdkcn inour p¥i]san awarenessof the ￿jaIL￿teXt otthe aU.TQW)dgJwaii(m theyreccive &kng'i y. app]lL￿ts for eJDplopemt and existsDg em abilities and relevant qualthotMX￿ aod rettivequal treatmentas w>videdby law regardless ofgender, sexual di5￿1]￿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(l￿a￿l eLThomie ￿rforM￿ of & thol. Yolunteert {FoKSE). of ￿ activities. 81Pagic THE KING'S SCHOOL ELY Cowy Registration Number 2440509 Chari Number 802427 nlimimum w¥ pultoanymembe*of ststTiustalx>Te& N￿￿)￿11 LThJngW¥. Anypy ijx¥e45e isawarded Deliv￿ of the Sd￿1.$ tawitabk Visi￿ aDd Obiwts li primdy de￿t our key ￿nt so1￿￿ and 8tatTrelated L￿￿ts are the larpt ekmeDt of our dwitable ewditure. A8 Tr￿mitted 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 th*tbe 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 resp￿1¥¢ (&¥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 E*autiful 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 irn￿ts have beu to the sp*ts l*atcr repkncnts as well u (urdKr LED lighiing upgradu aDd WI￿OW repl•¢emettts. Roof rew. improvemcnts to ￿fe w41kways. external l¥bting and b*thTTr)m replaccmemt have all featured in the tsugbt. kne tbE roof cotDpleteJy repl*d 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 noW￿￿1p1a}. allow￿ to offerh%hquaJity alTordable *w)u￿0datIoll to e have 6￿Y rCfwbi￿. Thii is now OLxwixed by the rfwly app)inted ￿ Ikpury Hthl aod DSL. 51ateplaque w*8Wittd*ndre￿ved 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. K￿g.5 Eiy A(TeznoDt, K￿g,5 Ely Junior. King's thildren wherever I￿￿ble. 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 ￿kn￿8 UDiverrity IIIPaJJe THE KINGS SCHOOL ELY Company RegAstration Number 2440509 Chari Number 802427 GCSE o￿t(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 GT*deJ 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. Q￿lity 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 ltiterna￿ts￿ally by where wb]e. i% CODY)lid•tiDg EKt$1￿$s model. i￿l￿d￿g 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 a￿1 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 dallowa￿ts. IArsaTies. dKJral aDd Tnade to pupilB wa¥ £2.185.845 (2021: £2,028,969). Et able to take advanta￿ of d* edu(xiion offered. 77￿Se butwics apply fo new app1K￿ts 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 Fo￿18￿ and inancial R¢view4TodRe4ultsJor the Y¢4Tr '1.￿ results for the fJtwKiat y are Set￿tin the C￿￿]￿ted Statement of Fltsar￿ ALliVities on py 22. There were net fuD& for the yw of £820.057 as C￿￿￿ed with £216,3TI in the yeviou8 year. Tkne was an overall net i￿Te*se in fimds of£gx.745 c￿n￿red with £879,251 iti yw. Ftt i￿Ome 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 ￿let￿h￿S totalled £2.063.017 otwhith £1.518,763 bas beety opitaiised. iDclu&Dg the wntinKd iDvestment in Icr. èKMrthg and day faciiiiie$, atsd & e*atr to TDeet ]￿th and $￿tty wellts. The Sdkn)ol al*) retyived grants under the coro￿VIr￿J0b Retcllti￿ sd￿De of £18.7Y) {2021: £617,545) Follow￿ d￿ ￿ eDd. F•irrtead Houoe sa￿1 d￿ Sdwl on the 5" Augu8t 2022. the yw King'¥ ￿ Ely Etstetprix4 Limitedxaued £48.985 (2021: £7.823) for ag&aid pA)TDent to &.¢rIM￿I, tlweby traniferriDg all its twhle profits io thr fK4MyA. The *tivity intht *thidiary exm¢d to 1￿C￿e in 2022.23 frora this yw'¥ level of aaiviry. -vy Tar4ptio Fundraising p¢rJorwan¢¢ Grants and ¢&)llati￿ totaued £49,758 cx¢l*G0Yexft￿￿t 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 Sch￿1.8 C￿￿tIn￿ &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 b*tary (rntrol. Thc tsrget is to hold three trond￿, yting this (xsb flow aDd le￿ItiVity 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 obbgatim kWh/litreJ into 4uivalent of 202k￿21 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,$45 kwh 36 (tonw C02e) or Vehides { i) 2,488 L 57 {¢onnu C02e> 1,6(K) L O (tODnes C02e) 1,148 {tonne8 1233 (tODDes 02e ieoiity ra￿. Gro C02e I number or 1.2 tottttts C02e/wil 1036 PuF*b Ile total ec02 fgure bas beeD to provyle an ltsttDtity Raty*" of x tonnes ec02 pez pjpl ￿ a It sknuld be not•a the fw aknve irdude a ttrKKi immedi*trJy p￿t.coV1a wkn Bcknls were ore to Ixat attd light wbils¢ 8.1% 1rdU¢￿ thr total kwh ofp (x)mpated to last yw, but• cOm￿tr rise (8.3%) inelectriotycorLwmptson ]ikdy tDbe as a reAdtofsoD)eeJectTiC powered F*ating itisttlled to rcpla(X Fwly crntrojled gas Featrd wel r￿1•1￿ and wte of FASt ￿ ￿tillg 10 routes (up from 9 & Tr￿¥)]5 ye4r}, still tr￿p￿ •n of680 pssew 151Page THE KINGS SCHOOL ELY Company Registration Number 2440509 Chari Number 802427 x> far a6 18 reasotubly FKJMiblt. mee knbip Team. and the Sdtt)ol'$ Health atsd Safety c￿MmIttee. at￿￿1& & 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{thi￿lor. commUn￿ationS {IndUdu%￿bli¢ rd41ions>. oFrnuoDal {IwiudingTr￿th1tsd ufety) andpolit￿. EX￿1P￿ pupil numberB for any reawn. p¥t10￿Y alTwdability' the Lx*t 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 illl￿1th a￿1 safety 161Page THE KING'S SCHOOL ELY Company Registration Number 24405(V) Chari Number 802427 Sertion 172 statell￿nt way t￿Y 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 K￿g.8 Ely. I tE* plan on a regular bwi. Risk maDapenl is ¢￿)bed￿d at all Icvds XTQ55 Compwy. The b> The iDttrnts of the CoMp￿Y'S empknye In relali¢)n to employee ￿gernt￿t, the Govenhors rettive regular re[￿5 from the Principl and the Be￿10r 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 inf0rn￿ti￿ 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 crAtsmur￿3tr 4Dd rtcwd withiD the pupl community E4ck (o pupil Fmxly. Compatsy h*8 completrd the Fth￿gY Saw Opp(xtimity IESOS) reporting requirertiellts atsd ts Tth¥ undu the Strearriw Energy and CaTiw ReE￿Illg {SECR) sec pge 15. The thol'$ c(widcrable {￿￿tri￿tIOn to the I(￿ commiinity 15 Zt out at page 6. *￿TIll¢S iDduded King'8 Ely'3 Pr￿ument Pro¢us and the K￿g'S Fly BriEw Po)￿Y have wved by d* Bod of ws and regulatioD5 re14¥ to fraud. briiw aro1 c(Trupti(ffl whuever it o￿t¢S (iticlu¢thng the UK Fraud Aet 2(M16 aod Brikny Act 2010 atolks to & Owl's OF*ratiow 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 fin￿la1 statements of The kng's Sd￿L Ely ('the dmritsble coMP￿y') 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 cOnd￿red our audit in ￿)rda￿tt 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 d*se 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)Ilec*ively. may eart MgnIfiL￿t doubt on tF* dwitsble LY)mpy's or the Ot1￿ informatiOD and. except to the extent ot￿rw￿ tspiiudy 5tstd our rel￿ we do not upress any fonn of&8¥ur 191Page THE KINGS SCHOOL FLY Company R￿istratiOn Number 2440￿J9 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 2￿6 requiru w to reprt ¢0 if, in our ow.. PreP￿tion of the statemeDts •nd for Iw s￿15£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 app￿le. 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 L￿nd￿tea . froDI fraud or ern￿ and are consvkn matttiai rf, indivAdu*lly 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 dIscu￿a d*se betwee￿ our audit ie4m mcmbers. We dwi drJigncd aDd wforn)ed audit corLtext were the CouLW Act 2(K￿. taxalifA legislaiioti, toged￿r with the Clwities SORP {FRS 102). We ri4uird with tl*x. ￿¥U14￿￿5 •¥ ￿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 (hKieF￿t ScFMM)i Stand￿) RegulatiOD$ 2014. -guiation5 to ￿ of & TTUStees and otkn ￿ent of regulatory arA legal reading minutes of mv(* ()ftlxx Lhayd With￿￿erna￿e. 211Page THE KINGS SCHOOL ELY COmp￿Y 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 tF*tt is Its uttavoidable risk that we may not have detected Use of our report Thkn reprt ¥ m￿le widy to the (knitabk a)M[￿y's membery. •$ 4 I￿Ay. with U￿ptrr 3 of Part 16 of tht Comw Act 2(K)6. Our audit work bas be￿ tbat we might st*te to the dwitsble coD)p￿y'S JJJerobtts th(￿ matws we •re rquwed to sratr to kn ID ￿ auditor's rep)rt and for no otF*t purpxe. To fulkstextrtttFrmitted by law. we do noix(tpt or•8wme rwibiliry ￿l￿￿)De other than the &ritsbk compwy ard the dthrit*ble cthDwy's membtn ¥ * IKAY. for our audrt work. fLr , or for have formed. For aDd ou ¥d￿rOf Crowe U.K. LLP arnt￿Y Auditor, Lon¢ 17 January 2023 221Page THE KING'S SCHOOL ELY Company Registration Number 24405(P) Chari Number 802427 CO￿0￿1dated 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 FuThlr*lslng & 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 Invests￿ts 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 (a￿tIn￿e Reconciliation ofFund8 2022 Net {ExFnd1thre)/h￿rne ijwoss (155JlO) 745 8792Si forwards at l July2021 at 31 July 2022 The Dotes pages 26 to 45 form prt oltE** Stallm￿ts. 241Page THE KtNG'S SCHOOL ELY Company Registration Number 2440509 Chari Number 802427 Balance Sheet as at 31 July 2022 T￿Ible 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 I￿768 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 I￿￿￿e l (E¥￿'t￿re) 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 F*rt 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 Ol￿till8 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 re￿tered clwity Englad and Wales (802427). The kn of the regtstered is Bartiw Road. Ely, CauLiY*shire. CF7 4DB. ' the UK and Re￿bkn of Ireiartd {FRS102). the awitiu Art 2011 and the St•temtht of Reco￿t￿dea 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 di￿10s￿re of inStrume￿ts 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￿. Additio1￿iy. dep'te wider uTrce￿ty ID the tcoDomy. the streDgth uiml Iv n4kr judFtneAts. e#tim*trs. aswmptions a￿rf￿t 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 ￿D￿ted a Ime by lint b*si¥. bhtra.grnup atkd [Mfits￿e)1rnj￿red Income have Lnet attd reLrV i5Fvc&ble. Where adaiD) for ry¥peffjtof sDwD)e tsx kns or will be made, su Acceptance depoaits bave re*ieTwd CODtract ternu whi(& Pupil fee art ￿ld by the ￿1. A]tkM)ugh under norm￿ circUmsts￿e8 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 d*te 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 alncA￿l 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(x*unting poliaes (continued) Tawble fixed assets followx uDleu ￿￿ ofaryy kue is sFffler: Land Freehold ￿OF*rtY 2%. I(Monc￿t 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 rtb*tts 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 IrA￿Y $d￿le for Wn.te￿th1D8 ¥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 l￿d on the bala￿e knt are trawllted at th•t d•te attd aDy rewlting p or 1005 Ile King's sd￿1. Ely has P￿th￿Cial 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 y￿U¢ at Bala￿t d•te. with and los￿ be￿ recognutyl withiD income and exFThditure. Inve¥tsnents ID $ub 311Page THE ￿1G5 SCHOOL ELY Company Registration Niunber 2440509 Charity Number 802427 2. Fees recrivable 24574342 20,376.560 (284￿) (231.995) (1W)7￿37) (1.796.974) ZO.869 18.201.519 919 919 Ibe alx)Te education￿ aTmrds wtrt TDade to: 311 iDdivMknls (2021: 3(X)). thlarsknp8 236 {2021: 152>. Burgrw and allowarm 224 {2021: 192). 3. Trading activitie8 of subsidiary rated in EDgknMI and Wales. CompDy Regwaty)ti Nwnber 3561879. and Reg¥rered OtTKe: l%e KiDg's S(*LooI Ely. Bart¢)n Road. CB7 4DB. kng's Sd￿1 Ely Fthte2pri5es Limited provides CAteritig and coDferez￿e Services. The Comp•nv donates its ￿xIble profits under Gift Aid to The King'$ 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 Aatr4x*nts will Ix. Eied with the Reptrlr TurnoT¢r t of gales: KSE Ente￿rISeS 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 9￿39 369 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 bel￿ts 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 numF*r of employees th￿lOYed by & wiwd4ry was nil {2021." nil). or other fr(xn the klKx>l. Expe￿￿ totslling£103 (2021.. £1.T79) IT￿rred ID their dull Ihring the ￿ redundaw pymetsts of nil (2021: £1.614) and ppents undtr Setdcll￿t agreelllenrs OF £40,0¢)0 (2021.. £16.420) Ivere t￿Ide. 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 p￿d to key Per￿D￿ 2022.. LI.373.M5 (2021: £1.303.035) Totsi Contri￿1¥)￿ 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 8d*me was 8. Tangible fixeAI as8ets In Mar& 2011 the etsrreLt matket value lead and freeknjd prtiwtits. exekn&Dg d* frthd aDd refi￿bis1ll￿eDt costs o( & Old Palxe. was £20.875.(KKI. The net Fxx)k yah￿ of a￿ts 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 A￿t invest￿ents 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 C*r by the klKx)]. This •lvance. and the intrre8t (x)sts Ih)rne by the &*ty)ol of d* b￿k 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 f￿Ven by the knl. In July 2011 a i£tter of Aryent it was d￿ced that the red￿¢ Chapter's liabiknty to repy loan by redwing the bal•nce by ID SeptemE*r 2011. a fiwther 4)% i September 201S and to the ￿ 2(IYo in kptemF*r 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 r￿ed 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 All￿￿￿t 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 fi￿d& 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 (j￿illtIes) (j￿Illties) 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 sd￿lIT￿P 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 r￿cl¥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 R￿￿tion 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 ￿ntsw￿￿e invited the fee rd)atrs ￿Ve￿becaUse of the Coronavin Fmodemic. It was agreed that these muid Et eith to 5UFPYt I￿rd￿ bursu￿ for tknge affected by paDdemic. for 8P)rts f*iliiits ets1WK￿lQr￿er￿l investment in facilities. The lyhi (on¥ard wwpent a UkniniaD Burwy F￿thd. 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 d￿8¢ 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 rtq*Lt 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 eI￿rea 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)iri￿110ll 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 C￿l 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 bef 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 & devel0F￿ett¢ 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