2024-08-31-accounts

Registered company number: 04521284 NOThINGHAM HIGH SCHOOL {a company limited by guarantee) FINANCIAL STATEMENTS year ended 31 AUGUST 2024

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS Nottingham High School ('the School the Company. and "the Charity.), (depending on the context) is an educational charity administered by the Governors who are also directors and members of the Company and the trustees of the Charity. The Governors who served during the year were: Ex-officio Governors The Lord-Lieutenant of Nottinghamshire The Right Worshipful the Lord Mayor of Nottingham (removed 19 January 2024) (removed 19 January 2024) The Govemors voted to remove Ex-officio and Nominated Govemors at a Full Goveming Body meeting on 19 January 2024. Nottingham High School's Articles of Association were updated to reflect the change and were filed wilh Companies House and the Charity Commission. Co-opted Governors

*A+ Mr S Banks

Chair of Govemors A Mr R J Bonney Mr M F Dillon Mr S J French Mr D J Gandee Mrs J Griffiths Mrs B Hanslo Mr A N Holman Mr J S Jackson MrRPSJohal Dr S Krishanand Mrs P K McNamara Sir J Peace Mr C J Prentice Mr P G Renshaw Mr C Robinson Dr G Walton MrKMShaw A+ Chair- Inveslment Committee A (resigned 10 July 2024) (resigned 24 June 2024) A+ Chair- Finance & Operations Committee {removed 19 January 2024) *A (resigned 24 June 2024) Chair - Education Committee (appointed 5 September 2024) Denotes member of Education Committee Denotes member of Finance & Operations Committee Denotes member of Investment Committee Denotes member of Development Committee

NOThINGHAM HIGH SCHOOL (a company limited by guarantee) OFFICERS AND ADVISORS The Headmaster MrKDFear Company Secretary and Director of Finance & Operations Mrs H L Avison School Address and regISte￿d office Waverley Mount Nottingham Notts NG7 4ED Banker5 National Westminster Bank plc Smith's Branch 16 South Parade Nottingham NG12JX Auditor RSM UK Audit LLP Chartered Accountants Rivermead House 7 Lewis Court Grove Park Leicester Leicestershire LE191SD Investment Managers Rathbone Investment Management Limited Port of Liverpool Building Pier Head Liverpool L3 1NW Registered company number 04521284 Registered charity number 1104251

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT Year ended 31 August 2024 The Governors present their report of the School for the year ended 31 August 2024, including the Directors, and Strategic Reports, under the Companies Act 2006, together with the audited financial statements for the year. The Governors have adopted the provisions of the Statement of Recommended Practice (SORPI "Accounting and Reporting by Charities" IFRS 102) in preparing the annual report and financial statements of the School. REFERENCE & ADMINISTRATIVE INFORMATION The School is a company limited by guarantee and a registered charity and is controlled by the Board of Govemors acting primarily through the Education Committee and the Finance and Operations Committee. The Governors are the directors of the Company for the purposes of company law and are its trustees for the purposes of charity law. Details of the Govemors, Officers and Advisors are given on pages 1 and 2. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document The School was founded in 1513 by Royal Charter from King Henry Vlll. On 23 August 2007, by a deed oftransfer wth effect from 31 August 2006, the non-permanent endowment business, assets, liabilities and contracts of the School were Iransferred from Ihe Foundation of Nottingham High School lo the Company and the Company became the trustee of the permanent endowmenl assets of the Foundation of Nottingham High School. The Company is governed by ils Articles of Association and is regulaled by schemes sealed by the Charity Commission on 23 August 2007. Governing Body The details of the Goveming Body are given on page 1. Method of recruitment and appointment or election of Governors Governors are appointed to the Governing Body in line with the requirements of the Company's Articles of Association as follows= The Board of Governors shall be composed of no fewer than 9 and not more than 22 co-opted Govemors The co-opted Govemors are appointed to the Goveming Body by resolution of the Goveming Body. The Governors may from time to time, at their discretion, determine the criteria for appointment as a co-opted Govemor. These criteria will be determined by a review of the skills mix and diversity of the Governing Body. Govemors voted to remove Ex-officio and Nominated Governors at a Full Governing Body meeting on 19 January 2024 and the Company's Articles of Association were updated accordingly. Governor Trainlng A programme of IndU￿10n is provided to new Govemors by means of a Governors, Handbook. written documentation. attendance at Governors, Meetings and Committee Meetings and meetings with the Headmaster and Director of Finance & Operalions. Govemors are invited lo visit the School and observe the operation of the School. through a programme of visits, usually timed around Governors, Meetings. In addition, the Education Committee regularly receives presentations by academic, pastoral or other staff prior at their formal meetings, which enable their knowledge of the workings of the School to be enhanced and updated. An annual Governors. traininglstrategy day is held and, in addition, Governors are notified of, and offered the opportunity to attend. training courses and seminars provided by organisations such as AGBIS, HMC and ISBA. AII Govemors are required to undertake annual safeguarding and other compliance specific training.

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Third Party Indemnity Provision for Governors Qualifying third paty indemnity provision is in place for the benefit of the Governors. Organisational Management The Governing Body meets at least ￿l¢e per year to consider the general policies of the School and to consider any business specifically reserved for the full Board. The majority of the work of the Governing Body is delegated to the Education Committee, and the Finance and Operations Committee, both of which meet ￿lce per year, with additional Finance meetings being convened, where necessary. to consider the annual budget and the annual accounts. Other Committees or Sub-committees meet to deal with specific matters, including Investment Committee, Pension Govemance and a Development Committee. The day io day operation of the School is delegated to the Headmaster. supported by the Senior Management Team. Following a long and very successful career, the Headmaster, Kevin Fear announced his retirement from August 2025. The Govemors held a rigorous selection process for his successor and attracted a very strong field. They are delighted that Andrew Holman, current Headmaster of Wellingborough School, was successful and will start the role in September 2025. Risk Management Governors are responsible for the management of the risks to which the School is exposed. The School's Senior Management Team ("SMT°) consider the main risks la¢ing the School and these are presented for approval by Governors. Each risk area is then considered at the relevant Committee meeting following a presentation by SMT. The key controls used by the School include- Formal minutes for all Committee and Governors, meetings, and associated action plans. Strategic planning. budgeting and managementaccounting. Annual review of internal financial controls. Established organisational structure, lines of reporting and authorisation levels. Regular review of the investment policy and objectives. All major capital expenditure is approved by the Goveming Body with the inclusion of key milestones and expenditure control procedures. Vetting procedures as required for the safeguarding and protection of children and the vulnerable. Regular lesson and tutorial observations to enhance the quality of academic and pastoral provision. Regular revi@w of the School's Parent Contract to ensure it accurately reflects parents, and the School's obligations. Legal advic8 IS taken when needed. Through the risk management procedure5 Outlined above, the Governors are satisfied that the major risks to the School have been identified and adequately mitigated including. where appropriate. by insurance cover. It is recognised that systems can only provide reasonable and not absolute assuran￿ that major risks have been adequately managed. The Govemors view the following as key risks facing the School.. The relative cost of independent education to parents in relation lo household income and other competing financial pressures due to changes in tax regimes. Changes to the tax status of Ihe S¢hool leading to the serwices becoming subject to VAT, loss of business rate relief. Operational costs of running the School continue to outstrip inflation and the growth in pupil numbers staff costs, pensions. utilities, estate costs. Further increases in the cost of employer contributions to TPS. Actuarial reviews occur every 4 years. Increased number of attacks on the School IT systems. Fraudsters obtaining personal data or divert the payment of School fees. The increasing administrative burden of regulatory and compliance frameworks results in non-compliance. The changing political and social environment and the School's responsiveness. Disruption to market forces within the Independent School Sector impacting the School and our competitors.

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Risk Management (continued) The health and wellbeing of pupils and adults under the protection and guidance of the School. The School slips in the national league table lo outside the top 100. Alternative local choices for prospective pupils. These risks are addressed through the measures set out above. Employee Consultation and Disabled Employees The School encourages the involvement of its employees in its management through regular departmental meetings and specific project working groups. The School encourages disabled persons to apply for a particular vacancy and every effort is made to ensure that they are given full and fair consideration when such vacancies arise. The School provides training and support so that employees who have been injured or disabled in the course of Iheir employment have been able to continue in employment with the School. During employment the School seeks to work with employees, taking account of their personal circumstances, to ensure appropriate training, development and advancement opportunities are available to enable them to reach their full potential. OBJECTIVES AND AIMS OF THE SCHOOL Objectives The object for which the School is established is to advance education and training. by the provision and conduct of a primary and secondary school in or near the City of Nottingham. The principal object is met by the provision of an educational environment which will develop to the full the talents of able children. In setting objectives and planning activities, the Governors have given due regard to the Charity Commission's general guidance on public benefit on advancing education and on fee-charging. Fees are set by reference to a detailed budgeting process undertaken each year, based on the need to ensure the provision of a first-class educational environment for the pupils and the continued financial viability of the School in both the short and long term. In discussions surrounding the setting of fees, any Governor who has family members attending the School must decla￿ that interest and the relevant Committee will decide whether that Govemor must absent themselves from the final decision regarding the level of fees charged. Mlsslon and Values Mission We enable students from diverse backgrounds to flourish in an academic. compassionate environment engaging and inspiring every pupil to maximise their potential and enjoyment. We nurture quietly confident and happy children who are intellectually curious and cared for as individuals. Values Excellence: We have high aspirations and pursue excellence across all areas of our provision. We nurture individual pupils to achieve their highest potential and make a positive impact in the world. Individuallty We value each member of our community as an individual and embrace diversity in all its forms. We create the conditions in which all can be happy and flourish. Respect We are proud to be an inclusive and diverse community. We value kindness, integrity and humility. We champion culture of respect and understanding be￿een all in the school community-

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Missions and Values (continuedj Empathy All of our provision is underpinned by empathy and compassion. We seek to build resilience and empower children to make a positive difference in the world. Curiosity We value intellectual curiosity and creativity. We want every child to develop a love of leaming. We embrace taking risks lo enhance pupil development both academically and as people. The Independent Schools Inspectorate (ISI) School Inspection Report, dated February 2024. included the following Comments: 'The curriculum has academic Challenge and individuality at its heart. Supported by an extensive co-curricular programme, this supports pupils to develop their potential whilst stimulating their intellectual curiosity, enthusiasm and imagination. Pupils respond positively to the high expectations of their teachers and express great enjoyment in their school lrfe. Pupils achieve highly and are well prepared for their next steps in life. 'The school takes a holistic approach to managing pupils, wellbeing with pupils, physical, emotional and social needs supported through the work of both academic and pastoral staff. Pastoral and academic staff work cohesively to provide pupils with personalised support and guidance. Pupils flourish and grow in confidence and selfesteem. Principal activities in the year The principal activity has been the provision of education in accordance with the principal object described above. The Senior School averaged 843 pupils {2022-23.' 843) during the year. while the Infant and Junior School averaged 333 pupils {2022-23.' 324). Access to the School Entry to the School is by examination and interview or, where appropriate at lower ages, assessment. These examinations and assessments are undertaken to ensure that the applicants will be able to cope and thrive in the educational environment provided by the School. For enty into sixth form, entry is by interview and reference to GCSE grades. The economic status, ethnicity, race or religion of the applicants forms no part of the assessment process and, whe asonably practical. adjustments wll be made to accommodate applicants who are disabled. The location of the School naturally means Ihat the majority of applicanls are from the Nottingham a￿a, but there is no geographical restriction on the home location of the applicant's family, provided that the family Can make suitable living accommodation andlor guardianship arrangements to ensure that the School Can properly carry out its legal responsibility for its pupils. Approach to Fundraising The School's Development Office proactively fundraises for Nottingham High School. As a registered charity. the School is registered with the Fundraising Regulator and cornplies with the Code of Fundraising Practice. The Development Office currently has two full time members of staff. Both employees are salaried and don't receive commission. The Fundraising and Alumni Relations Manager has overall ￿spOnsIbl11ty for the fundraising activities. is a Member of the Chartered Institute of Fundraising and is qualified to CIOF (Diploma) level. Regular training and coaching take place.

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Approach to Fundraising {continued) The Fundraising and Alumni Manager reports to the Headmaster and the Director of Finance and Operations and is accounlable to the Governors. The approach to fundraising focuses on educating the school community and raising awareness of Ihe ongoing commitment to creating opportunities for academically-able children, regardless of background, Ihrough the bursary programme. Our overall approach incorporates the following: A Donor-centric approach to our fundraising, giving priority to the donor and their wants. needs, wishes and desires. Focusing on securing funds available to the School through ils community and strengthening alumni relations. Creating opportunities for donors to make a gift thal will meet their own special needs and add greater meaning to their lives. Ensuring that we treat people fairly and with respect. explaining the cause in a way which does not mislead people. and are sensitive to people who may be in vulnerable circumstances. Taking responsibility by only using ethical processes. Recording the number of fundraising complaints received and reported on. Responding to feedback accordingly (positive and negative). We prioritise protecting our prospects by: Avoiding intrusions on their privacy. Not being unreasonable and making persistent approaches for money. Not placing undue pressure on a person to give money. Our approach includes.. Providing coaching for staff explaining what we consider vulnerability to mean and how to recognise and protect vulnerable people and understanding how this translates into our fundraising activities. Monitoring and reviewing activities and processes. Mitigating the risks of fundraising with vulnerable people. Being transparent and clear about our fundraising activity building trust in the organisation, Flnancial Assistance that the School Provides Bursary Policy The School is committed to broadening access by offering to eligible parents means-tested financial support wth the payment of School fees. Such support is known as a bursary and may be awarded in the form of a discount of up to 100% on tuition fees payable. depending on the financial. compassionate or other pertinent circumstances of applicants. A further contribution equivalent to 5 % of fees is also available to full bursary pupils to contribute towards school meals, uniform. sports kit and transport (where appropriate). Bursaries may be made available to parents of pupils entering Year 7. The School is a non-profit making charitable institution and has only limited resources to assist those parenls who for whatever reason are unexpectedly unable to meet their obligations to pay fees for their child's education. Parents with a child at the School whose financial circumstances suddenly change may write to the Headmaster, explaining their situation. Consistent with the School's philosophy, as much help as possible will be given to the family concerned in identifying potential sources of advice, assistance and funding. The School will support the family's applications lo other grant- making bodies to access additional financial assistance from external sources.

NO￿INGHAm HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Awareness Infomiation provided by the School alerting the pa￿ntS of potential pupils to the possibility of gaining means-tested financial support wilh the payment of School fees is included in.. The School prospectus The School website Open Days and Taster Days Exhibitions designed to market the School Planning The School has an arrangement with a separate company called School Fees Plan who are able to assist those parents who wish to spread payment of school fees over the year to better match their income streams. Other The School offers a number of non-means tested scholarships at the end of Year 7 each year, by means of a modest reduction in the tuition fees based on academic potential as evidenced by performance throughout Year 7. Where appropriate, a recipient of a scholarship may also benefit from means-tested assistance from the Bursary Fund. Assistance provided The School provided, or was instrumental in providing, financial assistance shown in the following table from the various methods described above. 2023-24 2022-23 /oof pupils /oof pupils /0 of fees in £000 Pupils Receivable School /0 of fees £000 Pupils Receivable School Value of assistsnce Means tested bursary 1,629 111 1,522 112 The total means-tested assistance was provided at the levels shown in the following table. 2023-24 Number 2022-23 Number Percentage of fee remission 19 52 31 17 47 28 22 20 47 26 29 111 100 112 100 In addition, other financial assistance totalling £97,000 was provided to 82 pupils (2022-23.. £85,000 to 75 pupils) in the form of scholarships, and £234,000 to 32 pupils {2022-23= £219.000 to 31 pupils) in the fom of fee discount to staff members.

NornNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Future plans for Bursary Support Insofar as it can afford to do so, Ihe School will continue to provide bursarial support in order to ensure that educalion at the School can be made available to parents of more modest means. The School's Fundraising and Development Office plays a key role in enhancing relationships with alumni and other stakeholders with a view to generating additional funds lo support further bursary provision. The Govemors continue to pursue a strategy of maintaininglenhancing the School's position in a competitive market principally through inveslment decisions aimed at providing a high-quality education for boys and girls. A¢hieving a high standard of academic results is a constant aim, whilst supporting students, wellbeing and maintaining a broad extra-curricular offering underpinned by outstanding pastoral care. Investing in new infraslructure is an important element of successfully delivering this strategy. In addition. the School continues to invest in the maintenance of its estate which includes many buildings of historic importance. STRATEGIC REPORT Review of Activities and Achievements of the School This has been another very successful year for Nottingham High School. Following our success in 2022. being ranked first for academic results in the East Midlands by the Sunday Times, then later being named as the Co-Educational Independent School of the year in the Independent Schools awards, in 2023 we were awarded Independent Secondary School of the Year in the East Midlands, again by the Sunday Times. Our Infant and Junior School were also awarded the British Council's International School Award in recognition of our work in bringing the world into the classroom. We were shortlisted for the Independent Schools of the Year award for Student Well-being. and are awaiting the outcome. Academic activities A Level results 30.6 /0 of passes were at A. grade. 66.4 % of the grades achieved were either A" or A, while 85.50/0 of sludents eamed A.. A or B grades. 65 students achieved 3 A grades or better, of whom 23 students got at least 3 A's. GCSE results 66.9 /0 of passes were at grades 8191A" grade and 87 /0 Were at the equivalent of grades A"IA17+ 96.90/0 of passes were at A"IA B16+ with 82.5 % of pupils achieving 7 or more passes at grades 7-9. Full details of the exam results can be found on the School's website. The Co-curricular programme The School considers its C0-Cu￿1Cu1ar activities to be a vital part of the overall delivery of its educational objectives. It is one of the three fundamental pillars of the school along with Pastoral (well-being) and Academic aspects of the School. During the academic year 2023124, the school was successfijlly able to offer over 130 clubs and activities to take part in involving over 100 staff. An example of this can be seen online on the School's website: Notlin ham Hi h School Clubs and Activities. Co<urricular activities Musl¢ Department The Music department delivered an incredible programme yet again this year in an area which only seems to grow and grow. One of the busiest parts of the C0-Cu￿1Cu1ar programme. it saw over 10,000 music lessons delivered as well as multiple recitals and performances which were brilliantly delivered by the pupils both in school and at venues around the country. They also continue to inspire by hosting professional performances and exposing our pupils to what can be achieved through dedication and hard work. Major school performances include..

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Music Department (continued) Speech Day Autumn Concerts Carol Services Spring Concerts Half termly Teatime Concerts Supporting Major Drama productions Summer Concert All of these events ranged from audiences of 50-500+ from the grealer school community and beyond. Drama Department The Drama Department delivered the following slage productions: Senior Play IY10-Y13) ChiGago'. 3 Sell out Evening perfomiances & a small perfomiance for the OAP Christmas Lunch & Speech Day Junior School Production helped run by pupils (Years 7-10) Joseph and his Technicolour Dreamcoat: 3 Evening PerfOrman￿S (one added by popular demand) Year 9 & 10 Studio Productions Year 10 & 11 Monologues and Plays Gecko theatre Company Workshops It was brilliant to have yet another year of stunning live perfomiances for parents. pupils and others part of the greater school community. As well as our own live perfonnances, the Drama department ran a number of trips to live theatre including a London overnight theatre trip to see Mrs Doubffire and Stanger things {Phoenix Theatre), a behind the scenes tour of the Theatre Royal Drury Lane and a performance of Our Country's Good at the Lyric Hammersmilh Theatre and Metamorphosis at Curve Theatre. Leicester. Nottingham itself remains a hotbed for theatrics productions with students enjoying trips to see The History Boys at Theatre Royal & Royal Concert Hall Nottingham and Shrek the Musical at the Theatre Royal amongst other productions linked to the curriculum. Afterschool Programme Pupils participate in a wde variety of activities ranging from the Combined Cadet Force, Scouts. Community Action, Outdoor Education (including DofE), Young Engineers. Journalism (student voice) and a huge variety of clubs, activities and societies. Comblned Cadet Force {CCF) In addition to activities mentioned earlier in this report, the popular and active CCF supports the Nottingham City Remembrance parade at St. Mary's Church and the parade through the City, provides resources, such as the use of the School's firing range facilities, to a local ATC unit, 2425 squadron, Tollerton. Our CCF also fundraises, with money collected on Inspection Day donated to the Amiy Benevolent Fund. Last year one of our pupils was hand chosen to play the last post at the Nottingham City remembrance service at the town hall a great honour for the pupil and the School. 10

NOThINGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Afterschool Programme {continuedJ Scouting The Scout group helps local scout and guide groups to develop craft and design-based activities as well as hosting scouts DOE and scout leaders, meetings and award presentation meetings. This also involves support for the arts in and around the Nottingham community. The Scouts also host a number of community events including events such as Fireworks night. Scouts remains one of the major ways the community and parents can volunteer and reciprocate all the amazing things the school does for the community. Scouting continues to be a popular choice at the school with a very active programme involving night hikes and overnight trips into the British outdoors. Duke of Edinburgh The School has a thriving Duke of Edinburgh's Award Scheme and regularly participates in expeditions. Last year the Duke of Edinburgh scheme saw 67 Golds, 58 Silvers, and 95 and counting for the Bronze which crosses over the academic year dates. This also saw our pupils complete over 5,486 hours of volunteering with social value of over £28,965 and part of the 4,725,825 hours of volunleering in communities all over the UK as part of this programme. We have one of the best completion rates within schools and this is due to the hard work of all the staff, Outdoor Education, Teachers and Verifiers. School Trips The School is running and planning school trips which both support learning in the classroorn (super curricular trips) and of course sports trips. We successfully ran trips lo Canada and the USA for Skiing and Malaysia for a mixed Hockey Trip. From local visits to international ventures, the trips and visits programme ran over 200 trips last year providing a large variety of opportunities for learning outside the classroom. A current list of the types of activities can be found on the School's website. The School is very proud of the quality and variety of activities offered to our students and the benefits derived from involvement in the various programmes. Bursary pupils are supported in trips by the Headmaster's Bursary Fund so trips are more accessible to all. Trips by numbers.. Last year we ran over 200 trips and visits 122 Day visits. 3,876 participants 8 Overseas visits, 315 participants 36 Residential visits. 1.545 participants 66 Adventurous visits. 2,750 participants The Core Values of the programme During the Autumn Term. extra-curricular assemblies are held to promote awareness amongst pupils of Ihe array of activities on offer. Tutors provide regular guidance to encourage tutees to take opportunities to develop both as students and as people. Through our Co-curriculum we promote skills in Resilience, Confidence, Creativity, Teamwork, Leadership. Physical Health, Problem Solving. Well-being & Mindfulness. as well as promoting openness to all cultureslgroups and service to others. This is fully integrated of Course as through school values, ExcelSen¢e, Individuality. Curiosity, Respect and Empathy. Community Action The following activities took place during the year in support of local charities.. The School's Community Action group ha5 once again enjoyed a highly successful year, dedicated to supporting and collaborating with local charities and organisations. The core mission has always been to ensure that our students play a central role in contributing to the betterment of these causes, Ihereby embodying our School's Values of Excellence. Empathy. Respect. Curiosity, and Individuality. This report will explore events held throughout the year, shed light on how they have positively impacted our local community and. in turn. enriched the experiences of our students. These

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Community Action (continued) event5 can be categorised into Food Poverty, Primary School Partnerships, Gardening Partnerships. Christmas Gift Appeals, and our engagement with the elderfy community. e Food Bank Dro Station This year saw the School become a food bank drop station for Hope Nottingham. The Nottingham High School community donated 489kg of food to Nottingham Food Banks be￿een May 2023 and May 2024. The School is helping with Food Povety: ￿dIng the Homeless and Collaborating with Local Food Banks. Feedin the Homeless with Guru Nanak's Mission Throughout Ihe year, our Year 10 and 11 students, in partnership with the Food and Nutrition Department, had the privilege of working alongside Guru Nanak's Mission. Their task involved preparing meals and distributing them to the homeless in Nottingham city centre. This particular event offered our students a profound first-hand understanding of the challenges faced by the homeless, including issues related to mental health and financial hardship. It also provided them with an exceptional opportunity to display empathy, work in partnership with the Gurdwara volunteers, and positively contribute to the local community. During the Christmas season, Year 8 students cooked up 75 portions of bolognese during their co-curri¢ular Food Club. which the Year 11 Community Action team then served at GUN Nanak's Mission in the evening. Beslwood and Bulwell Foodbank Our Community Action team organised substantial appeals for the BeS￿0d and Bulwell Foodbank at Christmas and in the summer term. As food poverty continues to escalate due to the rising ¢ost of living, our school's contributions provided crucial support to those in need. Furthermore. Year 9, 10, and 11 students regularty visited the Foodbank, assisting volunteers in sorting food parcels. managing supplies, and lending a hand wherever necessary. These visits were thoughtfully aligned with major food donations, such as supennarkel appeals, ensuring our assistance was most impactful. Teachin Assistant Da In March 2024. our Community Action group volunteered at Huntingdon Academy for the day. Our students assumed the role of Teaching Assistants, supporting pupils with their studies and offering friendly company during break and lunch. The students exhibited professionalism, courtesy, and honed vital life skills such as resilience, effective communication, teamwork. and at times. the ability to take initiative. This opportunity allowed our students to display their individuality in their interactions with primary school pupils. showcasing high levels of respect and empathy. Gardening Partnerships Windmill Communi Gardens In June 2024, we took advantage of the excellent weather to engage in a day of gardening at the Windmill Community Gardens, near Hyson Green. Our students took on the significant challenge of renovating an overgrown garden se¢tion, constructing a pond path, and aiding the Garden's sustainability projects. What struck our students the mosl was the Gardens. role in supporting local individuals with mental health issues and serving as a space for counselling and garden therapy. Our students. efforts substantially advanced the Garden's projects for the benefit of the local ¢ommunity- This experience allowed our students to excel in their horticultural pursuits, collaborate effectively, and nurture empathy for those dealing with mental health challenges. Christmas Gift Appeal Guru Nanak To Bank A eal Alongside our Christma5 Appeal for the local food bank. our Community Action group organised an appeal to collect gifts for children across Nottingham who might not have received a gift on Christmas Day if not for the efforts of Guru Nanak's Mission and our compassionate donors. We were moved by the outpouring of gifts and proud to support this heart-warming cause. Our students played a vital role in raising awareness for this appeal throughout the school via their marketing efforts. 12

NOThINGHAM HIGH SCHOOL {a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Engaging with the Local Elderly Community Radford Care Group- New Partnership supporting a local group which provides daytime care for elderly members of the community. Communi Christmas Lunch In December 2023. we hosted our annual Community Christmas Lunch, extending a wami invitation to a large number of elderly guests. They enjoyed a hearty Christmas meal in the School's Dining Hall, accompanied by our students who provided excellent hospitality, served meals, guided them around the school, and distributed gifts. Furthermore, guests had the privilege of taking in the first act of the School's Christmas production, leaving them deeply impressed by our students, dramatic and musical talents. This event was undoubtedly a success, as our Community Action studenls exhibited the highest levels of respect. empathy, and individuality while interacting with our guests. In summary, our students conlinue to be at the heart of our Community Action endeavours. We have provided a number of opportunities for them to develop our school values and we are delighted with the positive impact of our student volunteers on the local community. Working with others In the communlty The School is committed to working with our local and wider communities. A number of the community partnership projects are outlined in greater detail on the 'Schools Together, website.. Schools To ether Nottin ham Hi h School Case Studies Some highlights of the Partnership Programme this year include: Physics - 32 primary-aged children extended their problem-solving, creative thinking and leamwork skills by taking on a series of practical challenges in the Physics Lab Schools Cross Country event involving 390 pupils from over 20 local schools and backgrounds Maths Masterclasses - Children Ihal applied for a bursary from 8 local schools, 22 girl and boy mathematicians in Nottinghamshire were selected for our Mathematics Masterclasses, led by our A Level Maths students English - Caroline Lawrence Talk Storytelling Workshop lo 60 local primary-aged children, each leaving with signed books to inspire reading Wonderdome - 79 studenls representing 24 local primary schools visited a Planetarium hosted here. and were immersed in the wonders of space! We also combine this with our taster days Donations.. Vital teaching equipment projectors. computer monitors. text books etc. Hope Food Bank.. Setting up of the School becoming a food donation hub. Weekly donating of vital food resources to those most in need The activities set out in the following paragraphs are a summary of a wide range of ways in which the School plays an active role in supporting the local community. Working wlth other primary and secondary schools The School plays a very active role in working with and supporting local primary and secondary schools, reaching over 1.600+ children and young people through hosting a programme of educational and sporting activity days throughout the academic year. Local primary schools were invited to events such as a Harry Potter Biology Day, Physics and Maths Challenge days, and other sporting events including Netball. Football, Kwik Cricket and Cross-country Festivals. This year's programme also included our inaugural Choir Festival and VEX Robotics Day, giving local primary-aged children aspirational access to the School's facilities. 13

NOThINGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Working with other primary and secondary schools (continued) As part of the Royal Institution's Maths Masterclass programme, in Autumn 2023 we hosted 33 Year 9 students from 9 secondary schools in Nottinghamshire for a 6-week series of events exploring mathematics beyond the curriculum. These 2.5-hour sessions covered a variety of industries from engineering to finance and logistics. Working with universities The School has regular communication with a number of universities through its Access to Higher Education and Careers Programmes. Some examples of practical links include., the Chemistry Department has strong links with departments at the Universities of Nottingham and Leicester, and the Maths Department linking with Nottingham Trent University as well as the recent work on Sustainability. Further educational provision across the local and wider community Staff have various roles in charities and clubs, are involved in sports coaching and are govemors of local schools. In total. some 200 hours per month are given by staff to these causes and activities. Outside of school life and where allowed, staff from all areas of the School give their time and talents to a wde range of activities and causes. Teachers within a large number of departments are senior examiners or senior moderators, are course advisers or write text books. Members of the School have also contributed to the development of other schools by accepting roles as govemors at schools such as Bleasby Primary. Heage Primary and All Saints Anglican and Methodist Primary Schools. Our Director of Music is an Arts Award Gold Adviser, our Librarian speaks to local History Societies such as Lowdham Local History Society about the history of our School. Whenever possible, there is significant involvement in community sport, including Regional ESAA Track and Field Secretary, hosting Nottingham Forest Netball and organising and hosting the East Midlands, regional qualifiers for the National Secondary School Swimming Relay Championships {ESSA). Facilities at the Heart of Nottingham Communlty Access to Facilities The school offered its facilities at either a discounted rate or free of charge, to benefit various societies and organisations within Ihe local community: MCC Foundatlon Crl¢ket Hub - Hosting and providing the facilities for talented young cricketers from state schools across the region. The Czech & Slovak Club - Providing classrooms for Language School teaching on weekends, for language and cultural aclivities. Punjab Society- Providing classrooms on a weekly weekend basis for language and cultural activities. Nottinghamshlre Prlmary Schools Chess Association Hosting tournaments in the Dining Hall and classrooms. Parking for Trinity Church on Sundays - Providing free parking to a local church community. Nottingham Scouts - Providing rehearsal space for the local Scouts and Guides across an evening and weekend schedule. Nottlnghamshlre Police - The School's Player Hall was reserved as the police's HQ for Nottingham's annual Goose Fair. Lace & Bobbin Society The School's Dining Hall is given at a discounted rate for one of the society's event and their AGM. Nottinghamshire County Netball Academy - Classroom meeting space provided at a discounted rate. Loughborough Lightning Netball Free hire of the sports hall each week for netball training within the city. Nottingham Forest Netball - Partnership School for Nottingham Forest Netball. and hosting weekly training sessions for Under 85, Under 9s, Under 10s. Under 11 s. Under 14s and Under 15s. 14

NOThINGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Facilities (continued) CRY Screenings - We gave our venue free of charge to Rushcliffe Athletics Club to hold CRY screenings on the 25th July. Childline team building Conference - Free Roomlno Charge for room hire and gave a discounted rate for refreshments on site. Helping Kids Achieve Basketball- Free hire of the Player Hall for the participants, award ceremony. Early Career Teachers (ECT) Regional Centre - The school hosts the East Midlands ECT once a term and delivers a full day to assist in the training of new teachers. Our Deputy Head (Strategy & International Projects) sits on the Independent Schools Teacher Induction Panel national working paty and helps progress every new ECT in the East Midlands as well as the staff at the School. The Heads, Conference IHMC)- Hosted training for educational specialists. Rotary Club of Nottingham- Use of swimming pool for Swim the Lakes Fundraiser. English Speaklng Unlt {ESU)- use of the school's venue for meetings and events. The Drama Department facilitates the Nottingham Shakespeare Society open-book perfomiance. whilst School choirs and musical groups perfomi at a wde variety of local venues, including the Royal Concert Hall. Staff from across the School are directly involved in supporting local music. playing regularty with Nottingham Symphony Orchestra, Nottingham Chamber Orchestra and the Orchestra of the Restoration at st Mary's Church. Further community links The School holds an ongoing partnership with the Hockey Centre to ensu￿ the pitches are widely available for community use and actively supports the Hockey in the Community Programme. Examples of use during the year include.. The Chartered Society of Physiotherapy, the Midlands Driving Instructors Group and Nottingham Speakers Club have all used the conference facilities. Beeston Hockey Club Flyerz and Nottinghamshire Country Cricket Club used the pitches to host a programme of sessions aimed at players with special educational needs and disabilities. The Hockey Centre has also been doing vast amounts of Outreach providing access for minority groups within Ihe community to try and make the Hockey Centre a hub for the local community where everyone feels welcome no matter where they originate. The Hockey Club continues as one of the new Talent Academies for the sport, and trials were hosted for players aged 15-18 and for juniors, as well as regular training camps for Great Britain and England. In the Summer of 2023. School hockey pitches hosted Ihe England over 35 & over 40 World Cup bringing nations from around the world together al one of the largest hockey facilities in the worfd. The School holds the Lord Lieutenant's Award for Promoting Voluntary Service Nottinghamshire. In a normal year, our voluntary service includes: prestigious award in Through the Duke of Edinburgh Scheme alone, over 5,486 volunteer hours (an increase of almost 100 hours from last yearf5 figures} are recorded by our students and added to this can be volunteer hours by students put in through Community Action and those involved in volunteerin9 outside these schemes. We have a significant number of students aged 16 or over who volunteer in care home5, veterinary practices, scout groups and the like because they recognise the benefits to other5 and themselves. 15

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Further community links (continued) The School has close links with a number of city centre churche5, particularly St. Mary's where the School was founded and the venue for our annual Founder's Day Service. The Carol Concert and further musical events tske place in the church. The School regularly provides a trumpeter to sound the Lasl Post at the Remembrance Service organised by the City Council at the Town Hall and this year saw a very memorable performance played brilliantly by our top CCF bugleltrumpeter. The School plays an active role in supporting our immediate community in and around the Arboretum area of Nottingham, working with the City Council to improve traffic flow in the area and promoting good behaviour and a social conscience wthin the community. The provision of an extensive school bus service significantly reduces the need for car journeys to and from the School. Charlty fundraising Driven by the Student Leadership Team, knhole School charities, were selecled by our student body for 2023-24 and supported by the full School community in a variety of fund-raising activities. The selected charities were Their World & Mind and a tolal of just over £3.500 each (over £7,000) was raised following a student coordinated charity events throughout the year. Sleeping bags and other items were also donated by the School to help the local homeless survive the winter monlhs. Charities are also supported through our School House system, with each House selecting charities annually to support. Money is raised through sponsored events such as bike rides. runs. cake sales, non-unifomi days and Tutor Set collections and practical support such as clothing collections and volunteer hours are also coordinated. For the academic year 2023-24 the House charities and amounts raised were.. Cooper's.. Chardi Kala Foundation - £493 Maples,: Refugee Roots - £270 Mellers,: Operation Orphan - £725 White's: Aid2Gambia - £354 Further whole-school charity events are very much encouraged and supported. Over the last year, money has been raised for Ihe BBC Children in Need Appeal, Comic Relief, Mountain Rescue, Notts LGBT+ counselling group. Hector's House including.. Notts LGBT+ Network - £2,497 Considerable (non-monetary) donations were also arranged for the Bestwood and Bulwell Foodbank, The Guru Nanak's Mission Toy Collection Appeal, and the Ukrain& Appeal. The Infant and Junior School Rised over £2,999 for Footprints, as well as fundraising for Guide Dogs charity £472. Profits from Young Enterprise activities £459 were also donated to state schools who othemise wouldn't be able to take part in the programme. In addition, the School took part in a collection for the Royal British Legion Poppy Appeal Nottinghamshire, Red Nose day and Children in Need. These raised a further £1,395. 16

NorriNGHAM HIGH SCHOOL {a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Economic Impact Using a tool developed by Oxford Economics for the Independent Schools Council, we are able to quantify the conlribution made by the School to the national and local economy as follows.. The School contribules in the region of £51.6m to Ihe GDP of the UK economy., Over 600 UKjobs are supported, including the 294 people directly employed by the School; and The School contributes over £16.4m in taxes and generates savings of £7.26m for the UK Govemment by enabling pupils to join our School rather than a state school. FINANCIAL REVIEW Results for the year Total incoming resources We￿ £22.8m12022-23.. £21.9m). The operational surplus for the year was £0.37m (2022- 23: £0.44m) see page 25. Net Income for the year was £0.95m (2022-23= £0.21m). The main reason for the year on year increase is the £0.59m net investment gain compared with a net £0.23m investment loss in 2022123. The majority of this gain £0.4m was realised by our permanent endowment investments. The School is unable to readily access these reserves but does benefit from the income earned as it is used to fund bursary places. The School's cash reserves were boosted towards the end of the year with a significant number of parents pre-paying their 2024125 Fees. The underlying cash position of the School remains largely stalic year on year and, as such, the pre-paid fees will help smooth Ihe inlra-year cashflow as VAT is introduced in January 2025. Capital investments and fundlng Capital expenditure in the year was £1.38m (2022-23.. £1.22m). This predominantly relates to Ihe completion of the Wellbeing Centre and Ihe ongoing window replacement in the main school building. Reserves pollcy Govemors aim to hold funds which are sufficient but not excessive in order to fund Current operational requirements and future development. They are mindful of the need to maintain a level of reserves which enables the School to respond to circumstances and miligate risk. including ensuring compliance with the terms of bank loans. Govemors review the reserves policy on a regular basis. The School aims to hold, at 31 August each year. reserves in the form of unrestricted cash and investments which total no less than one term's expenditure (excluding depreciation) plus the capital repayments due on term loans during the next 12-month pertod. As at 31 August 2024 the School's targel level of cash and investments a¢¢ording to this measure was £6.61 m. The value of free reserves held at the year-end was £7.52m (2022-23.. £7.12m). The School's reserves are therefore above the targel level set out in the policy. At the end of the year, the School's totsl reseNes were £32.54m (2022-23: £31.59m). including £11.89m of unrestricted funds (excluding designated funds) (2022-23-. £11.36ml and £16.15m of endowment funds (2022-23- £15.96ml. The School's total reserves include £19.61m, which could only be realised by disposing of tangible fixed assets. The Govemors rernain ¢onfident that the School is able to meet its financial obligations as they fall due, as well as continuing to invest in the fabric of the buildings and the facilities and equipment required to provide an excellent education. The School continues to generate an annual surplus after meeting its financial obligations. There is an ongoing focus on financial planning to identify additional sources of revenue and variable cost savings to counter the effects of VAT on fees and the removal of other tsx reliefs on the provision of education which could reduce the number of parents able to afford private schooling. Remuneration of senior employees The remuneration of most senior employees is based on an assessment of the role, responsibility and experience of the individual by reference to national pay scales. In some instances, the remuneration is determined by Govemors through the Development Committee following their assessment of the aforementioned criteria where relevant, as well as giving due consideration to comparable market rates. 17

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Investment policy and objectives The School's investments are managed by Rathbone Investment Management Ltd on a discretionary management basis. The Governors, Investment Sub-committee meets at least each year to review our investrnent portfolio which does include the perf0rnan￿ of the share portfolio against agreed benchmarks. In common with other holders of market investments. the School has continued to be subject to market volatility since the end of the financial year. However, the Govemors are aware that the investments are held for long term income generation and capital growth rather than short term benefits. The Governors are satisfied wilh Ihe performance of the portfolio for the year. Future Plans of the Business of the School Going into 2024125, management are continuing to look for cost savings to offset the increasing costs due to the loss of business rate relief and increases in National Insurance payments. Strategy and Development The School is keen to continue to build upon its academic successes and to maintain its position as the top performing School in the region. The School continues to work with its long-term partner to identify opportunities to open several overseas schools with the Nottingham High School brand over the next 6 years. Income arising from these operations will be used by the School to help invest in its domestic operation. The Govemors hold joint Strategy Meetings with the Senior Management Team on a regular basis, and the Headmaster produces an Annual Report which includes an annual update on progress against the School Strategic Development Plan. Going Concern At the time of approving the financial statements. the Governors have a reasonable expectation that the group and the School have adequate resources to continue in operational existence for the foreseeable future. Thus, the Governors continue to adopt the going concern basis of accounting in preparing the financial statements. Followng the uncertainty presented by the current economic climate. management has reassessed the going concern assumption and confirms that it remains appropriate based on the strong cash and net asset position which enables it to sustsin its business and meet its liabilities as they fall due despite the situation. The Govemors make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the School have adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the School's ability to continue as a going concern. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. 18

NOThINGHAM HIGH SCHOOL (a company limlted by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 OTHER INFORMATION Envlronmental Nottingham High School have used the GHG Protocol Corporate Accounting and Reporting Standard (revised edition). Further emission factors were used from UK Government's GHG Conversion Factors for Company Reporting 2024. The table below shows the key metrics thal are being reported for Streamlined Energy and Carbon Reporting in the financial year 1st September 2023 to 31st August 2024. Summary Data for FY 111 September 23 to 311t August 24 Value otal Energy Use 3.920,964kWh otal Greenhouse Gas Emissions (market-based) 750.74 tC02 otal Students 1.176 Intensity Ratio 0.64 tC02 per student The table below provides a comparison of current emissions relative to the previous financial years. It is clear that there has been a year-on-year reduction in energy consumption, emissions and intensity ratio to the cu￿ent 2023124 financial year. Area of Measuremont FY 1st Sept 21 to 31st Au 22 5,001.6 Mwh FY 1st Sept 22 to 31st Au 23 4.616.8 Mwh FY 1st Sept 23 to 31st Au 24 3,920.96 Mwh Varlance to prevlous ear 15.1 % decrease nergy Use reenhouse Gas Emissions 936.7 tC02e 882.1 tC02e 750.7 tC02e 14.9 % decrease Intensity Ratio 0.81 tC02e per student 0.75 tC02e per student 0.64 tC02e per student 14.80/0 decrease Over the last year. Nottingham High School has invested in numerous projects. aimed at impro)ring efficiency and reducing energy consumption, as well as refurbishment programmes, these activities are summarised below= Continued LED lighting upgrades to corridors and offices LED Upgrade in Senior Library Replacement double glazed windows to west wing first and second floor of the senior school Replacement double glazed windows to CCF Building Boiler upgrade in Ristes Garage Boiler upgrade in Grounds team House. Overall there has been a 9.4% reduction in eleclricity and a 16.20/0 reduction in gas. when comparing 2022123 to 2023124 academic years. The aforementioned projects will have contributed to the annual energy savin9s, which have also reduced the emissions for the school. 19

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 Section 172 In accordance with Section 172 of the Companies Act 2006, the Governors complied with their duty to promote the success of the School through their ￿VIeW and challenge of the budget, 10-year plan. and a number of reports on all aspects of the School's operations and performance. Key decisions are made with the long-term interests of the School and its stakeholders in mind. Nottingham High School is an equal opportunities organisation and is committed to equal treatment for all, regardless of an individual's race, sex. disability. religion or belief, sexual orientation, gender reassignment, pregnancy or maternity. The School continues to recognise the benefit of timely and effective communication with employees and to ensure a common awareness of the financial performance of the School. The School aims to provide clear, fair and competitive temis of employment and remuneration and this is underpinned by a commilment to provide ongoing training to support staff not just in their day to day roles but to provide them with skills to further their career. The Governors will not tolerate any physical, mental or sexual harassment of the School's employees. High standards of business conduct a￿ always maintsined. The School engages suppliers through tender processes, ensuring payment lerms are set which foster a good relationship. Regular customer meetings are held with key suppliers to understsnd the relationship and ensure both the needs of the School and the supplier are being met in the most efficient and economical way. The Governors a￿ mindful of the School's impact on the community and environment. We continue to deliver on number of projects to support the environment both large-scale e.g. single glazing replaced with double glazing, and smaller scale e.g. promoting second-hand sports kit and uniform sales. We support our local community through number of partnership and community action activities. many of which are recorded on the 'Schools Together, website. GOVERNORS, RESPONSIBILITIES The Govemors (who are also directors of Nottingham High School for the purposes of company law) are responsible for preparing the Governors, Report and the financial slatemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Govemors to prepa￿ financial statements for each financial year, which give a true and fair view of the state of affairs of the School and of the incoming resources and application of resources, including the income and expenditure, of the School for the year. In preparing these financial statements. the Govemors a￿ required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent: state whether applicable UK Accounting Stsndards have been followed. subject to any material departures disclosed and explained in the financial stalements. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the School will continue in operation. The Govemors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the School and enable them to ensure Ihat the financial statements comply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the School and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Govemors are responsible for the maintenance and integrity of the corporate and financial infomation included on the School's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. 20

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) GOVERNORS, REPORT CONTINUED Year ended 31 August 2024 AUDITOR RSM UK Audit LLP has indicated its willingness to continue in office. DISCLOSURE OF INFORMATION TO AUDITOR In so far as the Governors are aware: there is no relevant audit information ofwhich the School's auditor is unaware,. and the Govemors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is awa￿ of that information. The Governors, Report is approved by order of the Board of Governors and the Strategic Report (include therein) is approved by the Board of Governors in their capacity as the directors at a meeting on Z4/ 1 / z5 and signed on its behalf by.. H L AVISON Company Secretary 21

NOTllNGHAM HIGH SCHOOL (a company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) Year ended 31 August 2024 Permanent Endowment Funds £'ooo Unrestricted Funds £'ooo Restricted Funds £'ooo Total 2024 £'ooo Total 2023 £'ooo Notes Income and endowments from: Donations, legacies and grants Charitable activities Olher trading activities Investments 660 21.268 299 435 43 703 21,268 299 538 589 1g,660 305 537 103 Total income and endowments 22,662 43 103 22,808 21,091 Expenditure on: Raising funds Charitable activities Other 556 21,468 240 556 21.647 240 472 19,948 228 16 163 10 Total expenditure Net Incomel(expendlture) before net gainsl(los$es) on Investments 22,264 16 163 22.443 20.648 398 27 {60) 365 Net gainsl(losses) on investments Net income 17 343 741 245 185 588 953 230 213 27 Gross transfer be￿een funds 25127 Net movement in funds 741 27 185 953 213 Reconciliatlon of funds Total funds brought forward 15,620 15,964 31.590 31.377 Total funds carried foN4ard 16,361 33 16,149 32.543 31,590 25

NorriNGHAM HIGH SCHOOL {a company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NOThINGHAM HIGH SCHOOL(CONTINUED) sn identifying and assessing risk5 of material misstatement in respect of irregularities. including fraud, the audit engagement team.. obtsined an understanding of the nature of the sector, including the legal and regulatory framework that the charitable company operates in and how the charitable company is complying with the legal and regulatory framework., inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud., discussed matters aboul non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud. As a result of these procedures we Gonsider the most significant laws and regulations that have a direct impact on the financial stalements are FRS 102, Charities SORP {FRS 102), Companies Act 2006, Charities Act 2011, the charitable company's governing document, tax legislation and Charities (Protection and Social Investment) Act 2016. We performed audii procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing the financial statements including the Governors, Report. remaining alert to new or unusual transactions which may not be in accordance with the goveming documents, inspecting correspondence with local tax aulhorities and evaluating advice received from extemal advisors. The most significant laws and regulations that have an indirect impact on Ihe financial slatements are The Education (Independent School Standards) Regulations 2014, Keeping Children Safe in Education under section 175 of the Education Act 2002. and the UK General Data Protection Regulation (UK GDPRI. We performed audil procedures to inquire of management and those charged with govemance whether the charitable company is in compliance wilh these law and regulations and inspected correspondence with regulatory authorities. The audit engagement team identified the risks of management override of controls and revenue recognition as the areas where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were nol limited to tesling manual joumal entries and other adjustments and evaluating the business rationale in relation to any significant, unusual transactions and transactions entered into outside the normal course of business and testing a sample of revenue transactions around the year end to ensure they were recognised in the correct period. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at http..1￿.fr¢.org.Uklauditor5respon$1bllitles. This description foms part of our auditor's report. Use of our report This report is made solely to the Charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the 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 permitted by law, we do not accept or assume responsibility to anyone other than the Charitable company and the charilable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Gareth Jones (Senior Statutory Auditor) For and on behalf of RSM UK Audit LLP, Statutory Auditor Chartered Accounlants Rivermead House 7 Lewis Court Grove Park LeiGester Leicestershire LE19 1SD Date: 24

NorriNGHAM HIGH SCHOOL {a company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NorriNGHAM HIGH SCHOOL(CONTINUED} Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable cornpany and its environment obtained in the course of the audit. we have not identified material misstatements in the Directors, Report or the Strategic Report included within the Governors, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and retums., or certain disclosures of Governors, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Responsibilities of Governors As explained more fully in the Statement of Governors, Responsibilities set out on page 20, the Govemors (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the Govemors detemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Govemors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the Governors either intend to liquidate the Charitable Company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which the audit was considered capable of detecting irregularities, including fraud Irregularities are instances of non-compliance with laws and regulations. The objectives of our audil are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulalions that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial stalements. and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit. In relalion to fraud, the objectives of our audit are to identify and assess Ihe risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit. However, it is the primary responsibility of management, with the oversight of those charged with governance. to ensure that the entity'5 operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. 23

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NOThINGHAM HIGH SCHOOL Opinion We have audited the financial statements of Nottingham High School {the 'charitable company,) for the year ended 31 August 2024 which comprise the Statement of Financial Activities (including Summary Income and Expenditure Account), the Balance Sheet, the Statement of Cash Flows and notes lo the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure. for the year then ended., have been properly prepared in accordance with Uniled lQngdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial ststements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Govemors, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concem for a period of at least ￿e1ve months from when the financial stalements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other information The other infomiation comprises the information included in the Annual Report other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other infomiation contained within the Annual Report. Our opinion on the financial statements does not cover the other information and. except to the extent othemise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or othernise appears to be materially misstated. If we identify such malerial inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit., the information given in the Governors, Report, which includes the Directors. Report and the Strategic Report prepared for the purposes of company law. for the financial year for which the financial statements are prepared is consistent with the financial statements., and the Directors. Report and Strategic Report included in the Governors, Report have been prepared in accordance wth applicable legal requirements. 22

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) BALANCE SHEET At 31 August 2024 Notes 2024 £'ooo 2023 £'ooo £'ooo £'ooo Fixed assets Tangible assets Investments 15 16&17 19,607 16,788 19,675 16,078 36,395 35,753 Current assets Stock Debtors Cash at bank and in hand 18 19 65 593 3,525 735 9,235 9,970 4,183 Current liabilities Creditors- amounts falling due within one year 20 (8,157) {2,434J Net current assets 1,813 1,749 Total assets less current liabilities 38.208 37,502 c￿ditorS - amounts falling due after more than one year 21 (5.665) (5,912) Net assets 32,543 31,590 The funds of the charity: Permanent Endowment 25 16.149 15,964 Restricted income funds 26 33 Unrestricted funds Designated funds Other unrestricted funds 27 4.471 11,890 4,260 11,360 Total unrestrlcted funds 16,361 15,620 Total charity funds 32,543 31,590 The financial statements We￿ approved and authorised for issue by the Board of Govemors on 2¢1 Ilz5 and signed on behalf of the board of Govemor5 by.. ks Governor JSJac er so Company registration number 04521284 26

NOThINGHAM HIGH SCHOOL (a company limited by guarantee) STATEMENT OF CASH FLOWS Year ended 31 August 2024 Notes 2024 2023 £'ooo £'ooo Cash flows from operating activities: Net cash provided by operating activities 28 7,102 904 Cash flow from investing activities: Dividends. interest and ￿nt received from investments Payments to acqui￿ langible fixed assets Payments for investments Proceeds from sale of investments 538 (1,117) (1.603) 1,481 537 (1,044) (1,176) 1,132 Net cash used In Investlng activities (701) (551) Cash flow from financing activities: Repayment of bank loans Repayment of finance leases Inte￿$t paid (3501 (1011 (240) (342) (108) (228) Net cash used in financing actlvltles (691) (678) Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the reporting year 5,710 1325) 3,850 3.525 Cash and cash equivalents at the end of the reporting year 9,235 3,525 27

NOThINGHAM HIGH SCHOOL (a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS Year ended 31 August 2024 Accounting policies General information and basis of preparation Nottingham High School ("the School"} is a company limited by guarantee and is incorporated in England and Wales. It is also a registered charity at the Charity Commission for England and Wales. In the event of the School being wound up, the liability in respect of the guarantee is limited to £10 per member of the School. The address of the registered office is given in the officers and advisors information on page 2 of these financial statements. The nature of the School's operations and principal activities are that of the provision of an educational environment that will develop to the full. the talents of able children. Basls of accounting The School constilutes a public benefit entity as defined by FRS 102 and has therefore applied the relevant public benefit requirements of FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 Charities SORP (FRS 102}. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland, including adoption of the amendments issued in December 2017 {FRS 102), the Charities Act 2011, the Companies Act 2006 and the UK Generally Accepted Practice as it applies from 1 January 2019. The financial stalements have been prepared under the historical cost convention as modified by the inclusion of investments. The financial statements are prepared in sterling which is the functional currency of the School and rounded to the nearest £1.000. ex￿p1 where otherwise indicated. On 1 September 2002, the operations and non-permanent endowment assets of the Foundation of Nottingham High School were transferred to the School, subject to and conditional upon the issue and subsequent sealing of a Scheme to this effect by the Charity Commissioners. The Scheme was sealed on 23 August 2007. The significant accounting policies applied in Ihe preparation of these financial statements are set out below. These policies have been consistently applied lo all years presented unless otherwise stated. Consolidated Financial Statements In the opinion of the Governors, the School and its subsidiary undertaking comprise a large sized group. The Governors have not prepared consolidated financial statements as the subsidiary undertaking has had little activity in the year and the Govemors consider this to be immaterial to the group. These financial statements present information about the individual school, Nottingham High School and not about the group. Golng concern At the time of approving the financial statements, the Govemors have a reasonable expectation that the group and the School have adequate resources to continue in operational existence for the foreseeable future. Thus, the Governors continue to adopt the going concem basis of accounting in preparing the financial statements. Following the uncertainty presented by the current economic climate. management has reassessed the going con¢em assumption and confirms that it remains appropriate based on the strong cash and net asset position which enables it to sustain its business and meet its liabilities as they fall due despite the situation. The Governors make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial slatements and have concluded that the School have adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the School's ability to Gontinue as a going concern. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. 28

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED) Year ended 31 August 2024 Accounting policies {continued} Funds The School's Funds are split into three categories.. unrestricted funds (including designated funds), restricted funds and permanent endowment funds. A brief outline of the nature of these funds is as follows.. Unrestricted funds may be expended at the discretion of the Governors in furtherance of the objects of Ihe School. If part of an unrestricted fund is earmarked for a particular purpose it is shown as a designated fund. This designation has an administrative purpose only and does not legally restrict the Governors, discretion to apply Ihe fund. Restricted funds are funds subject to specific trust as declared by the original donorlsl but which are still within the objects of the School. The income of the reslricted funds may only be expended in accordance with the terms of the specific Irust and the capilal may or may not be expended dependent upon the terms of the specific trusts. Permanent endowmenl funds are capital funds Whe￿ there is no power lo convert the capital into income and which must generally be held indefinitely. Certain assets Can be exchanged and may be subject to depreciation or loss. Income recognition All income is included in the Stslement of Financial Activities (SOFA) when the School is legally entitled to the income after any performance conditions have been met, the amount Can be measured reliably and it is probable that the income will be received. For donations to be recognised, the School will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of perfomance before entillement can be obtained. then the income is deferred until those conditions are fully met or fulfilment of those conditions is within the control of the School and it is probable that they will be fulfilled. Donations received for the general purposes of the School are credited to unrestricted funds. Donations subject to specific wishes of the donors are credited to relevant restricled funds or to endowed funds ￿ere the amount is required to be held as permanent capital. For legacies, entitlement is the earlier of the School being notified of an impending distribulion or legacy being received. At this point income is recognised. On occasions legacies will be notified to the School but it is not possible to measure the amount to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Fees receivable and charges for services and use of premises are accounted for in the period in which the service is provided. Fees receivable are stated gross of scholarships, bursaries and other remissions allowed by the School as detailed in the Govemors, Report. Income from trading activities includes income earned from ￿ndraising events and trading activities to raise funds for the School. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. Investment income is earned through holding assets for investment purposes such as shares and propety. It includes dividends and interest and rent. Where it is not practicable to identify investment management costs incurred wthin a scheme with reasonable accuracy, the investmenl income is reported net of Ihese costs. It is included when the amount can be rneasured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the School'5 rights to receive payment isestablished. Govemment grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised as income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in incorne when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. 29

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED) Year ended 31 August 2024 Accounting policies (continued) Deposits Deposits are charged to students upon a￿1Val at the School. These are refundable to students when they leave the School unless there are unpaid fees in which case they are used to supplement the unpaid fees. They are therefore held as a creditor until the student leaves the School. Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregale all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to transfer economic benefit to third parties, it is probable that the transfer will be required and the amount of the obligation can be measured reliably. It is ¢ategorised under the following headings- Cost of raising funds includes propety expenses Expenditure on charitable activities include expenses incurred in the provision of education., and Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Support Cost allocations Support costs are those which assist the work of the School but do not directly represent Charitable activities and include office costs. governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the School. Where support costs cannot be directly attributable to particular headings they have been allocated to costs of raising funds and expenditure on ¢haritsble activities on a basis consistent with the use of the resources. Taxation The School is considered to pass the test set out in Paragraph 1. Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a Charitable company for UK corporation tax purposes. Accordingly. the School is potentially exempt from lax in respect of income and capitsl gains received within categories covered by part 11, chapter 3 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets The School site. original buildings and playing fields are excluded from the financial statements as, in the opinion of the Governors, their written-down cost would not be material. The value of subsequent building additions and improvements is included in the financial ststements at cost. Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Costs include costs directly attributable to making the asset capable of operating as intended. Freehold land is not depreciated. Freehold buildings are depreciated at 20/0 of cost. Until the year ending 31 August 2000. no depreciation had been provided on freehold buildings. Improvements to buildings are depreciated at bef￿een 8 - 100/0 of cost. The School equipment including fixtures and fittings is capitalised where costs exceed £2,500. Cost, less residual value, is written off over the estimated useful life of the asset by providing deprecialion over three. seven or ten years in equal annual instalments. Assets in the course of construction are not depreciated until brought into use. Investment properties The School's freehold investment properties have been stated at fair value, as required by the SORP 'Accounting and Reporting by Charities" 30

NorriNGHAM HIGH SCHOOL (a company limited by guarantee} NOTES RELATING TO THE FINANCIAL STATEMENTS {CONTINUED) Year ended 31 August 2024 Accounting policies (continued) Other investments Other investments are included in the financial statements at their fair value at balance sheet date. Any realised and unrealised gains or losses from disposals and revaluations are shown within the School's Statement of Financial Activities. The School's investment in its subsidiary company represents the cost of acquisition of the whole ofthe ordinary share capital of Nottingham High School Intemational Limited. Stock Stock is valued al the lower of cost and estimated selling price less costs to complete and sell. Provision is made for obsolete and slow-moving items. Loans and borrowings Loans and borrowings a￿ initially recognised at the transaction price including transaction costs. Subsequently. they are measured at amortised ¢ost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Impairment Assets not measured at fair value a￿ reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists. the recoverable amount of the asset is estimated and Compared to the carying amount. whe￿ the carying amount exceeds its recoverable amount, an impairment loss is recognised in the Statement of Financial Activities unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. Financial instruments The School has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102, in full, to all of its financial instruments. Financial assets and financial liabilities are recognised when the School becomes a paty to the contractual provisions of the instrument. and are offset only when the School currently has a legally enforceable right to set off the recognised amounts and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets Outstanding fees. other debtors (including accrued income) and amounts due from subsidiary undertaking which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price and are subsequently measured at amortised cost. being the transaction price less any amounts settled and any impairment losses. A provision for impairment of outstanding fees is established when there is objective evidence Ihat the amounts due will not be collected according to the original temis of the contract. Impairment losses are recognised in profit or loss for the excess of the carying value of the outstanding fees over the present value of the fijture cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in profit or loss. FinanGial liabilities and equity Financial instruments are classified as liabilities and equity instruments a¢¢ording to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the School after deducting all of its liabilities. Trade creditors and other creditors {including accruals) payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amort15ed cost. being the transaction price less any amounts settled. 31

NornNGHAM HIGH SCHOOL (a company Ilmited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED) Year ended 31 August 2024 Accounting policies {continued) Financial liabilities and equity {continued) Bank loans and are initially recognised at the transaction price including transaction costs. Subsequently, they are measured al amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Derecognition of financial assets and liabilities A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or subslantially all the risks and rewards of ownership are transferred to another paty, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires. Retirement Benefits Retirement benefits for the teaching staff of the School are provided by the Teachers, Pension Scheme (TPSI. The TPS is an unfunded scheme. Contributions to the TPS are calculated so as to spread the cost of pensions over employees, working lives with the School in such a way thal the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of quadrennial valuations using a projected unit method. The TPS is a multi-employer scheme but sufficient information is not available to use defined benefit accounting and the￿fOre it is accounted for as a defined contribution scheme. with the amount charged to the Statement of Financial Activities being the contributions payable in the year. Differences be￿een contributions payable in the year and contributions aclually paid are shown as either accruals or prepayments. The School also operates a defined contribution scheme for the benefit of its non-teaching staff. The pension cost Charged in the Statement of Financial Activities is the amount of the contributions payable for the year. Differences be￿een contributions payable for the year and contributions actually paid a￿ shown as either accruals or prepayments in the Balance Sheet. Termination benefits The best estimate of Ihe expenditure required to settle an obligation for termination benefits is re¢ognised immedialely as an expense when the School is demonstrably committed to terminating the employment of an employee or to provide termination benefits. Leases An asset and corresponding liability are recognised for leasing agreements that transfer to the School Substantial￿ all of the risks and rewards incidental to ownership (°Finance Leases.). Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease. Lease payments are treated as consisting of capital and interest elemenls. The interest is charged to the Statement of Financial Activities so as to produce a constant periodic rate of interest on the remaining balance of the liability. Critical accounting estimates and areas of judgement Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectstions offuture events that are believed to be reasonable under the circumstsnces. Critical accountlng estimates and assumptions The School makes estimates and assumptions concerning the future. The resultin9 accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounls of assets and liabilities within the next financial year are discussed below. 32

NOThNGHAM HIGH SCHOOL {a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS {CONTINUED) Year ended 31 August 2024 Accounting policies (continued) Critical accounting estimates and assumptions (continued) Depreciation Management reviews its estimate of the useful lives of depreciable assets at each reporting date, based on the expected utility of the assets. Residual value and useful life assessments consider issues such as future market conditions, the remaining life of the asset and maintenance programmes. The carrying value of tangible fixed assets at the year end was £19,607,000 (2023: £19,675.000). Impalrment Determining whether fixed assets are impaired requires an estimation at the higher of fair value and value in use of the asset. The value in use calculation ￿qUIreS management to estimate the future cashflows expected to arise from the asset and a suitable discount rale in order to calculate present value. The carrying value of tangible fixed assets at the year end was £19.607,000 (2023.. £19,675,000). Carrying value of investments properties The School values ils investment properties at fair value. The valuations are made by a qualified Chartered Surveyor. using a variety of assumptions to determine the valuation of the investment properties. Any changes in these assumptions has the potential to malerially impact the carying value of these investment properties. The carrying value of investment properties at the year end was £9,319.000 (2023.. £9,157.000). Leases In calegorising leases as finance leases, management make judgement as to whether significant risks and rewards of ownership have transferred to the School as lessee. Income from donations, legacies and grants 2024 £'ooo 2023 £'ooo Donations Gift aid from subsidiary 593 110 536 53 703 589 Income from donations, legacies and grants was £703.000 (2023.. £589,000) of which £nil {2023.. £nil) was attributable to permanent endowment funds. £43,000 (2023.. £5,000) was attributable to restricted funds and £660,000 (2023: £584.000) attributable to unrestricted funds. Income from charitable activities 2024 £'ooo 2023 £'ooo Fees Music tuition Catering Other 19.640 252 972 404 18.124 234 848 454 21.268 19.660 Income from charitable activities was £21.268,000 (2023- £19.660,0001 of which all was attributable to unrestricted funds. 33

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED) Year ended 31 August 2024 Income from other trading activities 2024 £'ooo 2023 £'ooo Hire of facilities Miscellaneous receipts Clothing sales Management charges received from subsidiary 217 35 29 18 172 53 61 19 299 305 Income from other trading activities was £299.00012023.. £305,000) of which all was attributable to unrestricted funds. Investment income 2024 £'ooo 2023 £'ooo Property income Dividends and interest receivable 275 263 285 252 538 537 Income from investments of £103.000 (2023.. £111.0001 was attributable to endowment funds and £435,000 (2023.. £426,000) was attributab5e to unrestricted funds. Analysis of total expendlture Staff Depreciation Costs and Impairment £'ooo £'ooo Other osts £'ooo 2024 Total £'ooo 2023 Total £'ooo Raising funds Charilable activities Other expenditure 556 7.330 240 556 21,647 240 472 19,948 228 13,029 1,288 13,029 1.288 8,126 22,443 20,648 Raising funds 2024 £'ooo 2023 £'ooo Property expenses Management fees 513 43 430 42 556 472 Raising funds expenditure of £556.000 (2023.. £472,000) was attributsble to unrestricted funds.

NOTllNGHAM HIGH SCHOOL {a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED} Year ended 31 August 2024 Analysis of expenditure on charitable activities 2024 £'ooo 2023 £'ooo Notes Provision of education Direct costs Academic costs Extra-curricular Bursaries Prizes Scholarships Staffing 675 225 1.62g 24 97 13,039 743 228 1,522 85 11,994 15,689 14,581 Support costs School support services Governance costs Administration and maintenance Estates 1,886 64 1.705 59 885 2.718 2,897 21,647 19,948 Charitable activities expenditure of £163,000 {2023.. £163,000) were attributable to endowment funds, £16,000 12023.. £17,000) were attributable to restricted funds and £21,468.000 (2023= £19,768.0001 were attributsble to unreslricted funds. Governance costs 2024 £'ooo 2023 £'ooo Audit and accountancy Legal and professional fees Other Governanc6 expenses 55 49 64 59 10 Other expenditure 2024 £'ooo 2023 £'ooo Loan interest 240 228 Other expenditure of £240,000 (2023: £228,000) was attributable to unrestricted funds. 11 Net income 2024 £'ooo 2023 £'ooo Net income is stated after charging: Tangible assets depreciation of permanent endowment assets Tangible assets depreciation of unrestricted assets 163 1,125 163 1,036 35

NOThINGHAM HIGH SCHOOL (a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED) Year ended 31 August 2024 12 Auditor's remuneration 2024 £'ooo 2023 £'ooo Fees payable to RSM UK Audit LLP and its associates in respect of both audit and non-audit services was as follows.. Fees payable for the audit of the financial statements 30 27 Fees payable to the auditor for other services.. Other assurance services Other non-audit services 13 Governors, and key management personnel remuneration and expenses The Governors neither received nor waived any rernuneration during the year (2023-. £nil). The key management personnel of the School is the Govemors and the senior management team. The total amount of employee benefits (including employer's national insurance contributions and contribulions to the pension scheme} received by key management personnel was £1,810,994 {2023.' £1,522,675). During the year 7 (2023: 2) Governor claimed expenses of £991 (2023.. £1981 with respect to travel and subsistence expenses. 14 Staff costs Academic Staff £'ooo Support Staff £'ooo 2024 Total £'ooo 2023 Total £'ooo Wages and salaries Social security costs Employer contributions to defined contribution schemes 7.298 776 2,861 249 10,159 1,025 9,368 934 1.669 176 1,845 1,593 9.743 3,286 13.029 11.895 The average number of persons employed by the School during the year was as follows- Number FTE 2024 Number 2023 Number 2024 Number 2023 Number Teaching Non-teaching Visiting music teachers 111 165 18 113 164 19 97 116 99 123 294 296 213 222 The totsl cost to the School of contributions towards the TPS was £1.669,000 (2023.. £1.435.000). The amounts paid into private pension schemes in ￿SpeCt of support staff amounted to £176.00012023'. £158.000). 36

NOThINGHAM HIGH SCHOOL {a company limited by guarantee) NOTES RELATING TO THE FINANCtAL STATEMENTS {CONTINUED) Year ended 31 August 2024 14 Staff costs (continued) The number of employees whose emoluments {excluding employer pension cosls) exceeded £60,000 was.. 2024 Number 2023 Number £60,001- £70,000 £70,001- £80.000 £80,001- £90,000 £90,001- £100,000 £100,001- £110,000 £110,001- £120,000 £120,001- £130,000 £130,001- £140,000 £260,001- £270,000 £280.001- £290.000 14 23 13 Pension costs in respect of the above employees totalled £450,000 (2023.. £264,000). 21 (2023.. 12) higher paid employees a￿ accruing benefits under the defined benefit pension scheme and 2 (2023.. 11 employees are accruing benefits under defined contribution scheme. 15 Tangible flxed assets Assets in the course of construction £'ooo Freehold school land and buildings £'ooo Flxtures and flttings £'ooo Total £'ooo Cost at 1 September 2023 Additions Transfers 1,006 878 (1,739) 26,196 239 1,739 3,838 103 31,040 1,220 Cost at 31 August 2024 145 28.174 3,941 32,260 Accumulated depreciation at 1 September 2023 Charge for the year 8.598 935 2,767 353 11,365 1,288 Accumulated depreciation at 31 August 2024 9.533 3,120 12.653 Net book value at 31 August 2024 145 18.641 821 19,607 Net book value at 31 August 2023 1.006 17,598 1,071 19,675 The net book value of fixtures and fittings includes £208,61112023.. £206,547) in respect of assets held under finance leases and hire purchase conlracts. The depreciation charge for the year with respect to these fixtures and fittings were £83.897 (2023.. £86.537). 37

NorriNGHAM HIGH SCHOOL {a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED) Year ended 31 August 2024 16 Investment properties Freehold £'ooo 9,157 162 Valuation at 31 August 2023 Additions Valuation at 31 August 2024 9,319 A review of the School's investment properties values was carried out at 31 August 2024 using supporting evidence from property agents engaged by the School for that purpose. The School's investment properties were revalued as at 31 August 2024 at a fair value of £9,215.000 with additions in the year to existing properties of £162.000, the valuation reviews were commissioned lo ensure a balance sheet carrying value in line with current market values. The historical cost of the investment properties is £2,267,000 (2023.. £2,105,000). The governors are of the opinion that the fair value has not materially changed since the previous evaluation in August 2021. Investment properties to the value of £3,225,000 {2023'. £3,225,000) have been used as security in respect of the bank loans as described in note 21. 17 Other investments Total £'ooo 6,921 {195) 1,448 (1,481) 588 Fair value at 1 September 2023 Cash on deposit at 1 September 2023 Additions Disposals Net loss on revaluation Quoted investments 7,281 Cash on deposit as at 31 August 2024 188 Fair value at 31 August 2024 7,469 2024 £'ooo 7,496 2023 £'ooo 6.921 Total (at fair value) Totsl {at historical cost) 6,145 5,912 The School has a number of small portfolios held with Rathbones Investment Management Limited, which includes equilie5, fixed income unit trust and treasury bonds which are valued at mid-market price. 18 Stock 2024 £'ooo 2023 £'ooo Goods for resale 65 19 Debtors 2024 £'ooo 2023 £'ooo Outstanding fees Accrued income Prepayments Amounts due from subsidiary undertakings Other debtors 108 114 10 270 80 119 316 215 96 735 593 38

NorriNGHAM HIGH SCHOOL (a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED) Year ended 31 August 2024 20 Creditors: amounts falling due within one year 2024 £'ooo 2023 £'ooo Bank loans (note 211 Obligations under finance leases (note 23) Trade creditors Other taxation and social security costs Accruals Other creditors Deferred income 375 104 340 250 478 478 6,132 363 101 258 251 270 467 724 8,157 2,434 21 Credltors: amounts falling due after more than one year 2024 £'ooo 2023 £'ooo Bank loans Deferred income Obligations under finance leases (note 23) 4,754 818 93 5.116 702 94 5,665 5,912 2024 £'ooo 2023 £'ooo Loan maturlty Debt due in one year or less Due in more than one year but not more than years Due in more than two years but not more than five years Due in more than five years 375 389 4,259 106 363 376 296 5,129 5,479 The School has three separate bank loans. The details of these loans a￿ given below- The School's first bank loan is a facility of £5.Om to fund capital projects. As at 31 August 2024, £3.94m (2023.. £4.09m) had been drawn down by the School. The bank loan has a fixed interest rate of 3.380/0 per annum. The loan is repayable by monthly instalments and is repayable by May 2027. The School's second bank loan is a facility of £1.1m and is subject to an interest rate of 2.60/0 above base rate. The bank loan is being repaid in quarterly instalments over the period until 3 February 2029. The School's third bank loan is a facility of £2.4m and is subject to an interest rate of 1.0 /0 above base rate. The bank loan is being repaid in quarterly instalments over the period until May 2030. These loans are secured over the School's main site and certain investment properties as detailed in note 16. 39

NOThINGHAM HIGH SCHOOL (a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS {CONTINUED) Year ended 31 August 2024 22 Deferred income 2024 £'ooo 2023 £'ooo Deferred income at 1 September Resources defer￿d in the year Amounts ￿leaSed from previous year 1,426 6,248 (724) 1,530 615 (719) Deferred income at 31 August 6,950 1,426 The deferred income relates to school fees and deposits received in advance. 23 Finance lease and hlre purchase obligations 2024 £'ooo 2023 £'ooo The total minimum future lease payments are payable- Less than one year Be￿een one and five years 104 93 101 94 197 195 Finance Lease payments represent ￿ntalS payable by the School for certain items of IT equipment. Leases include purchase options at the end of the period and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments. The School's obligations under Finance Leases are secured by the lessor's charge over the leased assets. 24 Analysis of net assets between funds Permanent Unrestricted Designated Restricted Endowment Funds Funds Funds Funds £'ooo £'ooo £'ooo £'ooo Total £'ooo Tangible assets Investments Net Current assets C￿dItorS due after more than one year 14,505 3,678 {628) (5.665) 5,102 10,598 449 19.607 16,788 1.813 {5.665) 2,512 1,959 33 11,890 4,471 33 16,149 32.543 Permanent Unrestricted Designated Restrlcted Endowment Funds Funds Funds Funds £'ooo £'ooo £'ooo £'ooo Prior year Total £'ooo Tangible assets Investments Net current assets Creditors due after more than one year 14.410 3,554 1692) (5,912) 5.265 10.208 491 19,675 16,078 1,749 (5.g12) 2.316 1.944 11,360 4,260 15.964 31,590 40

NOTTINGHAM HIGH SCHOOL {a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED) Year ended 31 August 2024 25 Permanent Endowment Balance at 1 September 2023 £'ooo Balance at 31 August 2024 £'ooo Other gains £'ooo Income £'ooo Expenditure £'ooo Transfers £'ooo Capital fund J 8ramley Scholarship Other funds 11,758 1.382 2,824 (163) 11,595 1,426 3,128 17 86 27 218 15.964 103 (163) 245 16,14g Prlor year Balance at 1 September 2022 £'ooo Balance at 31 August 2023 £'ooo Other gains £'ooo Income Expenditure £'ooo £'ooo Transfers £'ooo Capital fund J Bramley Scholarship Other funds 11,921 1.386 2,819 (163) 11,758 1,382 2,824 18 93 (22} (88} 16.126 111 (163) (110) 15.964 The Capital Fund comprises the School's permanently endowed land and buildings together with the School's foundation capital investments. The J Bramley Scholarship Fund consists of a donation to fund specific scholarships for former pupils. The School cannot benefit in any way from this fund. Where the terms of the bequests have been unable to be fulfilled. the income arising from the inveslments has been accumulated within the fund to provide scholarships in future years. 26 Restricted income funds Balance at 1 September 2023 £'ooo Balance at 31 August 2024 £'ooo Income £'ooo Expenditure Other gains £'ooo £'ooo Bursary Fund CCF Community 18 25 (16) 25 43 116) 33 Prior year Balance at 1 September 2022 £'ooo Balance at 31 August 2023 £'ooo Income £'ooo Expenditure Other gains £'ooo £'ooo Bursary Fund 18 (171 18 (17} 41

NOThINGHAM HIGH SCHOOL (a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS {CONTINUED) Year ended 31 August 2024 27 Unrestricted funds Balance at 1 September 2023 £'ooo Balance at 31 August 2024 £'ooo Other gains £'ooo Income £'ooo Expenditure £'ooo Transfers £'ooo Designated Bursary fund Capital fund Other funds 2,299 1,811 150 211 2,510 1,811 150 4,260 211 4,471 Other unrestrlcted funds 11,360 22,662 (22,264) 132 11,890 15,620 22.662 (22,264) 343 16,361 Prlor year Balance at 1 September 2022 £'ooo Balance at 31 August 2023 £'ooo Other gains £'ooo Income Expendlture £'ooo £'ooo Transfers £'ooo Designated Bursary fund Capital fund Other funds 2,381 1.811 150 (82) 2,299 1,811 150 4,342 (82) 4.260 Other unrestricted funds 10.891 20,975 (20,468) (38) 11,360 15.233 20,975 (20,468) (120) 15,620 The Bursary Fund is to further the educalion of pupils attending the School. and who are in financial need, by the provision of bursaries. The funds of the School include the above amount which has been sel aside by the Governors out of unrestricted funds for the purposes of the Bursary Fund. The Capital Fund relates to amounts transferred from unrestricted funds in previous years as a ¢ontribulion towards planned improvements to the School buildings. 42

NOThINGHAM HIGH SCHOOL (a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS {CONTINUED) Year ended 31 August 2024 28 Reconciliation of net income to net cash inflow from operating activities 2024 £'ooo 2023 £'ooo Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest payable Dividends, interest and rent from investments Depreciation of tangible fixed assets Gainsl{lossesl on investments Decrease in stock Ilncrease)Idecrease in debtors Increaselldecreasel in creditors 953 213 240 (538) 1,288 (588) 65 1142) 5,824 228 {537} 1,199 230 13 19 (4611 Net cash provided by operating activities 7,102 904 29 Analysls of changes in net debt Balance at 1 September 2023 Cashflows £'ooo £'ooo Balance at Non cash 31 August flows 2024 £'ooo £'ooo Cash at bank and in hand Debt due wlthln one year Bank loans Obligations under finance leases Debt due after one year Bank loans Obligations under finance leases 3,525 5,710 9,235 (363) (101) 350 101 (3621 (104) {375} {104} (5.116) {94) 362 (4.754} {93) (2,149) 6.161 (103) 3,909 30 Constitution The Company is limited by guarantee. Members undertake to contribute a sum not exceeding £10 each under certain circumstances pre-defined in the Memorandum of Association. 31 Teachers, Pension Scheme The School participates in the Teachers, Pension Scheme ('the TPS.) for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £1,669,000 {2023-. £1,435,000) and at the year-end £203,000 (2023: £161.4151 was accrued in respect of contributions to this scheme. The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers, Pensions Regulations 2010 (as amended) and The Teachers, Pension Scheme Regulations 2014 {as amended). Members contribute on a 'pay as you go. basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. The employer contribution rate set by the Secretary of State following scheme valuations undertaken by the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as al March 2020 and the Valuation Report. which was published in October 2023.

NOThINGHAM HIGH SCHOOL (a company limited by guarantee) NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED) Year ended 31 August 2024 31 Teachers, pension scheme (continued) Following the Mccloud judgement, the remedy proposed that when benefits become payable, eligible members can select to receive them from either the refomied or legacy schemes for the period 1 April 2015 to March 2022. The actuaries have assumed that members are likely choose the option that provides them with the greater benefrts, and preparing the 2020 valuation have valued the 'greater value, benefrts for groups of relevant members. The valuation confirmed that the employer contribution rate for the TPS would increase from 23.6% to 28.60/0 from 1 April 2024. Employers are also required to pay a scheme administration levy of 0.08 % giving a total employer contribution rate of 28.68%. 32 Controlling party The Govemors consider that the School has no controlling paty. 33 Related party transactions During the year, the School paid expenses to the Govemors amounting to £991 (2023: £198), see note 13. A number of trustees and members of the senior management team have spouses who are employed by the School. The appointments were made in open competition and the trusteeslsenior management team were not involved in the decision making process regarding appointment. The posts are paid within the nomial pay scale for the roles and the individuals receive no special treatment as a result of their relationship to the trusteeslsenior management team. Key management personnel compensation disclosure is included in note 13. Flnanclal Instruments The carrying amounts of the School's financial instruments measured at fair value through profit and loss at 31 August were.. 2024 £'ooo 2023 £'ooo Financial assets measured at fair value through profit and loss 7,469 6.921 35 Capitsl commitments As at 31 August 2024, the School had contractual capital commitments of £nil (2023.. £825.576}- 36 Investment in subsidiary undertaklng The School has an investment in Nottingham High School Intemational Limited (company number 11905474), a company incorporated in England and Wales. The School owns the entire share capital of 101 ordinary shares of £1 each. The Subsidiary's registered office is Waverley Mount, Nottingham, United Kingdom, NG7 4ED. During the period ended 31 August 2024. Nottingham High School Intemational Limited income totalled £173,168 {2023- £83,861) with a retained profit of £462 {2023: £462) and net assets at 31 August 2024 of £563 (2023: £563). During the period ended 31 August 2024, the company recharged management expenses of £18,00012023'. £19,000) and received £109.518 (2023= £52,960) of gift aid from Nottingham High School Intemational Limited. At the year end, a balance of £215,054 (2023= £80,212) was due from Nottingham High School Intemational Limited.