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Registered company number: 04521284

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

FINANCIAL STATEMENTS

year ended 31 AUGUST 2025

NOTTINGHAM 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:

Co-opted Governors

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(resigned 31 December 2024)

(appointed 5 September 2024) (appointed 18 February 2025)

(appointed 5 February 2025)

Denotes member of Education Committee * Denotes member of Finance & Operations Committee A Denotes member of Investment Committee + Denotes member of Development Committee ~ Denotes member of Pension Governance Committee

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

OFFICERS AND ADVISORS

The Headmaster

Mr K D Fear (retired 31 August 2025) Mr | P Spedding (interim from 18 March 2025 until 31 August 2025) Mr A Holman (appointed 1 September 2025)

Company Secretary and Director of Finance & Operations

Mrs H L Avison (resigned 3 October 2025) Mr S| R Ramsey (appointed 3 October 2025)

School Address and registered office

Bankers

Waverley Mount Nottingham Notts NG7 4ED National Westminster Bank plc Smith’s Branch 16 South Parade Nottingham NG1 2JX

Auditor

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Investment Managers

Rathbone Investment Management Limited Port of Liverpool Building Pier Head Liverpool L3 1NW

Registered company number 04521284

Registered charity number 1104251

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT

Year ended 31 August 2025

The Governors present their report of the School for the year ended 31 August 2025, 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 (SORP) “Accounting and Reporting by Charities” (FRS 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 Governors 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 Governors, 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 VIII. On 23 August 2007, by a deed of transfer with effect from 31 August 2006, the non-permanent endowment business, assets, liabilities and contracts of the School were transferred from the Foundation of Nottingham High School to the Company and the Company became the trustee of the permanent endowment assets of the Foundation of Nottingham High School.

The Company is governed by its Articles of Association and is regulated by schemes sealed by the Charity Commission on 23 August 2007.

Governing Body

The details of the Governing 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. The Board of Governors shall be composed of no fewer than 9 and not more than 22 co-opted Governors

The co-opted Governors are appointed to the Governing Body by resolution of the Governing Body. The Governors may from time to time, at their discretion, determine the criteria for appointment as a co-opted Governor. These criteria will be determined by a review of the skills mix and diversity of the Governing Body.

Governor Training

A programme of induction is provided to new Governors by means of a Governors’ Handbook, written documentation, attendance at Governors’ Meetings and Committee Meetings and meetings with the Headmaster and Director of Finance & Operations.

Governors are invited to 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’ training/strategy 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. All Governors are required to undertake annual safeguarding and other compliance specific training.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

Third Party Indemnity Provision for Governors

Qualifying third party indemnity provision is in place for the benefit of the Governors.

Organisational Management

The Governing Body meets at least twice 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 twice 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 Governance and a Development Committee.

The day to day operation of the School is delegated to the Headmaster, supported by the Senior Management Team.

Andrew Holman started in role as Headmaster on 1 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 facing 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:

e Formal minutes for all Committee and Governors’ meetings, and associated action plans. e Strategic planning, budgeting and management accounting.
e — Annual review of internal financial controls.
e — Established organisational structure, lines of reporting and authorisation levels.
e — Regular review of the investment policy and objectives. e All major capital expenditure is approved by the Governing Body with the inclusion of key milestones and expenditure control procedures.
e Vetting procedures as required for the safeguarding and protection of children and the vulnerable. e — Regular lesson and tutorial observations to enhance the quality of academic and pastoral provision. e Regular review of the School’s Parent Contract to ensure it accurately reflects parents’ and the School’s obligations.
e Legal advice is taken when needed.

Through the risk management procedures 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 assurance that major risks have been adequately managed.

The Governors view the following as key risks facing the School:

e The affordability of independent education to parents in relation to household income and other competing financial pressures following the imposition of VAT on school fees in January 2025.
e Operational costs of running the School continue to outstrip inflation and the growth in pupil numbers - staff costs, pensions, utilities, estate costs.
e Further increases in the cost of employer contributions to TPS. Actuarial reviews occur every 4 years. e Increased number of attacks on the School IT systems. Fraudsters obtaining personal data or divert the payment of School fees.
e The increasing administrative burden of regulatory and compliance frameworks results in non-compliance. e — The changing political and social environment and the School's responsiveness. e The health and wellbeing of pupils and adults under the protection and guidance of the School. e — Alternative local choices for prospective pupils.

These risks are addressed through the measures set out above.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

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 their 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.

Mission 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

e 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.
e Individuality 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.
e Respect We are proud to be an inclusive and diverse community. We value kindness, integrity and humility. We champion a culture of respect and understanding between all in the school community.
e 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.
e Curiosity We value intellectual curiosity and creativity. We want every child to develop a love of learning. We embrace taking risks to enhance pupil development both academically and as people.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

Missions and Values (continued)

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 life. 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 self-esteem.”

Principal activities in the year

The principal activity has been the provision of education in accordance with the principal object described above.

In September 2025, the School launched Squirrels Nursery. This represented a material change to the School which prompted an ISI Inspection in March 2025 and as a result, the School's age range has changed to 3-19 years.

Across the 2024/2025 academic year, the Senior School averaged 846 pupils (2023-24: 843) during the year and the Infant and Junior School remained at a consistent 341 pupils (2023-24: 333).

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 entry 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, where reasonably practical, adjustments will be made to accommodate applicants who are disabled.

The location of the School naturally means that the majority of applicants are from the Nottingham area, but there is no geographical restriction on the home location of the applicant's family, provided that the family can make suitable living accommodation and/or 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 complies with the Fundraising Regulator’s Code of Fundraising Practice.

The Development Office comprises two full-time and one part-time staff members. All employees are salaried and do not receive commission. The Fundraising and Alumni Relations Manager oversees all fundraising activity, reports to the Headmaster and the Director of Finance and Operations, and is accountable to the Governors. The Manager is a Member of the Chartered Institute of Fundraising and holds the Advanced Diploma qualification, with regular training and coaching in place to maintain professional standards.

Principles of Our Fundraising Approach

e Adonor-centric approach is central, prioritising donors’ needs, wishes, and preferences. e We focus on securing funds through the school community and strengthening alumni relations. e Opportunities are created for donors to give in ways that are personally meaningful. e We treat people with respect, communicating honestly and sensitively, particularly with those who may be in vulnerable circumstances.
e Only ethical fundraising processes are used.
e All fundraising complaints are recorded, reported, and acted upon.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

Approach to Fundraising (continued)

Protecting Our Supporters

We prioritise safeguarding our prospects by:

e Being transparent about our fundraising to build trust.
e Regularly monitoring and reviewing activities to maintain high standards. e Ensuring no one feels pressured to give.
e Respecting their privacy and avoiding intrusive or persistent approaches.
e Mitigating risks associated with fundraising involving vulnerable people.

Financial Assistance that the School Provides

Bursary Policy

The School is committed to broadening access by offering to eligible parents means-tested financial support with 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.

Assistance provided

The School provided financial assistance shown in the following table.

		2024-25	2024-25				2023-24	2023-24
					% of					% of
					pupils					pupils
			%	of fees	in			% of	fees	in
Value ofassistance	£000	Pupils	Receivable		School	£000	Pupils	Receivable		School
Meanstestedbursary	1,634	102		8.0	8.6	1,629	111		8.3	9.4

The total means-tested assistance was provided at the levels shown in the following table.

	2024-25		2023-24
Percentage offee remission	Number	%	Number	%
0-50%	4	4	9	8
51-75%	17	17	19	17
76 — 99%	53	52	52	47
100 — 105%%	28	27	31	28
	102	100	111	100

In addition, other financial assistance totalling £81,000 was provided to 81 pupils (2023-24: £97,000 to 82 pupils) in the form of non-means-tested scholarships, and £248,000 to 33 pupils (2023-24: £234,000 to 32 pupils) in the form of fee discount to staff members.

Future plans for Bursary Support

Insofar as it can afford to do so, the School will continue to provide bursarial support in order to ensure that education 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 to support further bursary provision.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

STRATEGIC REPORT

Review of Activities and Achievements of the School

This has been another very successful year for Nottingham High School. We were awarded once again, the Independent School of the Year in the East Midlands by the Sunday Times, and were also shortlisted for Independent School of the Year for our Marketing strategies.

Academic activities

A Level results

30.8% of passes were at A grade. 70% of the grades achieved were either A or A, while 92.4% of students earned A, Aor B grades. 68 students achieved 3 A grades or better, of whom 21 students got at least 3 As.

GCSE results

68.2% of passes were at grades 8/9/A grade and 85% were at the equivalent of grades A/A/7+. 95.6% of passes were at A*/A B/6+, with 79.5% 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 has many established links to community organisations and has partnerships with a number of local schools (both primary and secondary), and universities.

A rich and varied programme happened once again across the academic year. Some of the highlights of this programme from the Senior School would be the U16 boys winning the National Hockey Finals, the Cricket Tour to Sri Lanka, the Design and Technology department launching rockets in the National Cansat competition and the Art exhibition. Further to this, ‘House Spirit’ was on display across the year through many different competitions that involved one member from each House to the whole Senior School on Sports Day.

Over 180 trips, nearly 15,000 participant days happened across the whole school, some curriculum based, but most on the co-curricular. These included sports, music, cultural, adventure and many others that simply cannot be categorised. Highlights here would be the Junior Hockey tour to Holland, the senior school music trip to Belgium and the Sixth Form Drama and Politics Trips to London theatres and the House of Commons. Music once more produced a programme across the year that many concert halls would be proud of. From solos to ensembles, orchestras to quartets the departments showcased everything this past year culminating in an outdoor music festival for all students from Year 3 to 13 in the last week of the summer term. No other event epitomised the spirt of the School in such a way.

The Duke of Edinburgh Award continue to thrive in the School with over 4,000 volunteering hours completed last year and over 200 awards gained. Charity work across the School also raised in excess of £10,000.

FINANCIAL REVIEW

Results for the year

Total incoming resources were £23.6m (2023-24: £22.8m). The operational surplus for the year was £0.64m (202324: £0.37m) see page 16.

Net income for the year was £0.77m (2023-24: £0.95m) which is broadly in line with previous years. The School’s cash reserves were boosted towards the end of the previous year with a significant number of parents pre-paying their 2024/25 Fees. The underlying cash position of the School remains healthy year on year and, as such, the school has begun a more strategic cash management plan to better utilise this cash to work towards expanding our Bursary Programme.

Capital investments and funding

Capital expenditure in the year was £0.94m (2023-24: £1.38m). This predominantly relates to the replacement of the Dining Hall Roof and an upgrade to the Music Block boiler.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

FINANCIAL REVIEW (continued)

Reserves policy

Governors 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 mitigate risk, including ensuring compliance with the terms of bank loans.

Governors 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 period. As at 31 August 2025 the School's target level of cash and investments according to this measure was £6.72m. The value of free reserves held at the year-end was £8.64m (2023-24: £7.52m). The School’s reserves are therefore above the target level set out in the policy. At the end of the year, the School's total reserves were £33.31m (2023-24: £32.54m), including £12.87m of unrestricted funds (excluding designated funds) (2023-24: £11.89m) and £15.89m of endowment funds (2023-24: £16.15m). The School's total reserves include £18.79m (2023-24: £19.61m), which could only be realised by disposing of tangible fixed assets. The Governors remain confident 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.

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 Governors through the Development Committee following their assessment of the aforementioned criteria where relevant, as well as giving due consideration to comparable market rates.

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 twice each year to review our investment portfolio which does include the performance 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 Governors are aware that the investments are held for long term income generation and capital growth rather than short term benefits. The Governors are satisfied with the performance of the portfolio for the year.

Future Plans of the Business of the School

The prevailing economic climate (and its direction of travel) continues to dominate the School’s short and long-term plans with particular focus on growing our pupil base because of a reduction of players in our sector.

The School also continues to optimise the return on its varied investment asset portfolio to enhance future bursary provision. On 31 October 2025, the company acquired an additional investment property for a purchase price of £1,300,000.

Strategy and Development

The School will continue to build upon its academic successes to maintain its position as the top performing School in the region. The Senior School is currently undergoing a full curriculum review.

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 65 years. Income arising from these operations will be used by the School to help invest in its domestic operation.

The Governors hold joint Strategy Meetings with the Senior Management Team on a regular basis, and the Head produces an Annual Report which includes an annual update on progress against the School Strategic Development Plan.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

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.

Following 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 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 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.

OTHER INFORMATION

Environmental

Nottingham High School have adhered to the Greenhouse Gas Protocol's Corporate Accounting and Reporting Standard and the reporting is conducted to a reasonable level of assurance using DESNZ published emissions factors, UK Government's GHG Conversion Factors for Company Reporting 2025.

The table below shows the key metrics that are being reported for Streamlined Energy and Carbon Reporting in the financial year 1st September 2024 to 31s' August 2025.

Summary Data forFY 15 September 2024to 31°*August 2025
otal Energy Use	4,114,121 kWh
otal Greenhouse Gas Emissions (market-based)	762.15 tCO2e
otal Students	1,185
IntensityRatio	0.643tCO2eperpupil

The table below provides a comparison of current emissions relative to the previous financial years. Prior to August 2024 there had been a year-on-year reduction in energy consumption, however, for the year ending August 2025 there has been a marginal increase, mainly related to gas consumption. This has resulted in a marginal increase in emissions and the intensity ratio for the current 2024/25 academic year.

|Area of Measurement|FY ist Sept 22 to|| FY 1st Sept23 to|| FY 1st Sept 24to||Variance to previous| |---|---|---|---|---| ||31stAug 23|31st Aug 24|31stAug 25|ear| |Energy Use|4,616.8 MWh|3,920.96 MWh|4,114.1 MWh|| |Greenhouse Gas Emissions|882.1 tCO2e|750.7 tCO2e|762.2 tCO2e|| |Intensity Ratio|0.75tCO2e per
pupil|0.64tCO2e per
pupil|0.643tCO2e per
pupil|0.7% increase|

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

OTHER INFORMATION (continued)

Environmental (continued)

Over the last year, Nottingham High School has invested in numerous projects, aimed at improving efficiency and reducing energy consumption, as well as refurbishment programmes, these activities are summarised below: -

e Full plantroom upgrade to include new boilers, new Building Management System, improved insulation and LED lighting in the Music Block
e ETFE roof replacement in the Senior Dining Hall which includes a new and improved 3-layer system to improve ‘U’ Values
e LED replacement in Lovell infant school corridors
e LED replacement in E01 classroom, office including the languages corridor e LED replacement in the 6' form space
e PlR sensors in the Senior School corridors, Music Block corridors, DT corridors and Sports Hall.

Overall, there has been a 37% reduction in electricity, predominantly on one supply serving the main school, and a 15% increase in gas, when comparing 2023/24 to 2024/25 academic years. The increase in gas may be linked to weather variances, as it was approximately 9% colder in the most recent academic year, when compared to the 2023/24 year.

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 review 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 terms of employment and remuneration and this is underpinned by a commitment 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 are always maintained. The School engages suppliers through tender processes, ensuring payment terms are set which foster a good relationship. Regular customer meetings are held with key suppliers to understand 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 are mindful of the School's impact on the community and environment. We continue to deliver on a 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 a number of partnership and community action activities, many of which are recorded on the ‘Schools Together’ website.

GOVERNORS’ RESPONSIBILITIES

The Governors (who are also directors of Nottingham High School for the purposes of company law) are responsible for preparing the Governors’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Governors to prepare 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.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

GOVERNORS’ RESPONSIBILITIES (continued)

In preparing these financial statements, the Governors are required to:

e — select suitable accounting policies and then apply them consistently;
e observe the methods and principles in the Charities SORP;
e make judgements and estimates that are reasonable and prudent; e state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
e _ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the School will continue in operation.

The Governors 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 that the financial statements comply with the Companies 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 Governors are responsible for the maintenance and integrity of the corporate and financial information included on the School’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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:

e there is no relevant audit information of which the School's auditor is unaware; and e the Governors 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 aware 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 ata meeting on 7.3 January 202 and signed on its behalf by:

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S 1R Ramsey
Company Secretary
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NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF NOTTINGHAM HIGH SCHOOL

Opinion

We have audited the financial statements of Nottingham High School (the ‘charitable company’) for the year ended 31 August 2025 which comprise the Statement of Financial Activities (including Summary Income and Expenditure Account), the Balance Sheet, the Statement of Cash Flows and notes to 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 2025 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 United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International 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 statements 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 Governors’ 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 concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

—

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information 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 otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to 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 with applicable legal requirements.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF NOTTINGHAM HIGH SCHOOL(CONTINUED)

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company 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 returns 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 returns; 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 pages 11 and 12, the Governors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Governors determine 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 Governors are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern 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 audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations 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 statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the 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's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

26 January 2026

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) Year ended 31 August 2025

				Permanent
		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds	2025	2024
	Notes	£000	£'000	£’000	£’000	£°000
Income and endowments from:
Donations, legacies and grants	2	667	30	-	697	703
Charitable activities	3	22,092	-	-	22,092	21,268
Other trading activities	4	229	-	-	229	299
Investments	5	529	-	98	627	538
Total income and endowments		23,517	30	98	23,645	22,808
Expenditure on:
Raising funds	7	132	-	-	132	556
Charitable activities	8	22,225	28	400	22,653	21,647
Other	10	219	-	-	219	240
Total expenditure	6	22,576	28	400	23,004	22,443
Net income/(expenditure) before
net gains on investments		941	2	(302)	641	365
Net gains on investments	17	90	-	39	129	588
Net income/(expenditure)		1,031	2	(263)	770	953
Gross transfer between funds	25/27	-	-	-	-	-
Netmovement in funds		1,031	2	(263)	770	953
Reconciliation offunds
Total funds brought forward		16,361	33	16,149	32,543	31,590
Totalfundscarriedforward		17,392	35	15,886	33,313	32,543

23/01/2026

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

STATEMENT OF CASH FLOWS

Year ended 31 August 2025

==> picture [467 x 365] intentionally omitted <==

----- Start of picture text -----
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Notes|2025|2024| |£’000|£000| |Cash|flows|from|operating|activities:| |Net|cash|(used|in)/provided|by|operating|activities|28|(2,349)|7,102| |Cash|flow|from|investing|activities:| |Dividends,|interest|and|rent|received|from|investments|627|538| |Payments|to|acquire|tangible|fixed|assets|(702)|(1,117)| |Payments|for|investments|(925)|(1,603)| |Proceeds|from|sale|of|investments|964|1,481| |Payments|for|current|investment|(1,557)|-| |Net|cash|used|in|investing|activities|(1,593)|(701)| |Cash|flow|from|financing|activities:| |Repayment|of bank|loans|(356)|(350)| |Repayment|of finance|leases|(98)|(101)| |Interest|paid|(219)|(240)| |Net|cash|used|in|financing|activities|(673)|(691)| |Change|in|cash|and|cash|equivalents|in|the|year|(4,615)|5,710| |Cash|and|cash|equivalents|at|the|beginning|of|the|reporting|year|9,235|3,525| |Cash|and|cash|equivalents|at|the|end|of the|reporting|year|4,620|9,235|

----- End of picture text -----

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS

Year ended 31 August 2025

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.

Basis of accounting

The School constitutes 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 102) - 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 statements 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, except 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 the preparation of these financial statements are set out below. These policies have been consistently applied to 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 Governors 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.

Going concern

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 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.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

1 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 the 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 the fund.

Restricted funds are funds subject to specific trust as declared by the original donor(s) but which are still within the objects of the School. The income of the restricted funds may only be expended in accordance with the terms of the specific trust and the capital may or may not be expended dependent upon the terms of the specific trusts.

Permanent endowment funds are capital funds where there is no power to 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 Statement 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 performance before entitlement 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 restricted funds or to endowed funds where the amount is required to be held as permanent capital.

For legacies, entitlement is the earlier of the School being notified of an impending distribution 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 Governors’ Report.

Income from trading activities includes income earned from fundraising 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 property. It includes dividends and interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy, the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the School's rights to receive payment is established. Government 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 income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised asa liability.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

1 Accounting policies (continued)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

Deposits

Deposits are charged to students upon arrival 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 aggregate 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 categorised under the following headings:

e Cost of raising funds includes property expenses
e Expenditure on charitable activities include expenses incurred in the provision of education; and e 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 charitable 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 tax in respect of income and capital 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 statements 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 2% of cost. Until the year ending 31 August 2000, no depreciation had been provided on freehold buildings. Improvements to buildings are depreciated at between 8 - 10% 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 depreciation over three, five, 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”.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

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 of the ordinary share capital of Nottingham High School International Limited.

Current investments

Current asset investments relate to cash held on short term deposit and are initially measured at cost and subsequently measured at cost less impairment.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost 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 are 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 carrying amount. Where the carrying 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 ‘Other 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 party 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 that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the outstanding fees over the present value of the future 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.

Financial liabilities and equity

Financial instruments are classified as liabilities and equity instruments according 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 amortised cost, being the transaction price less any amounts settled.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

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 at 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 substantially all the risks and rewards of ownership are transferred to another party, 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 (TPS). 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 that 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 therefore 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 between contributions payable in the year and contributions actually 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 between contributions payable for the year and contributions actually paid are shown as either accruals or prepayments in the Balance Sheet.

Termination benefits

The best estimate of the expenditure required to settle an obligation for termination benefits is recognised immediately 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 substantially 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 elements. 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.

Rentals payable under operating leases are charged against income ona straight line basis over the period of the lease.

Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions

The School makes estimates and assumptions concerning the future. The resulting 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 amounts of assets and liabilities within the next financial year are discussed below.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

1 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 £18,786,000 (2024: £19,607,000).

Impairment

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 requires management to estimate the future cashflows expected to arise from the asset and a suitable discount rate in order to calculate present value. The carrying value of tangible fixed assets at the year end was £18,786,000 (2024: £19,607,000).

Carrying value of investments properties

The School values its 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 materially impact the carrying value of these investment properties. The carrying value of investment properties at the year end was £9,324,000 (2024: £9,319,000).

Leases

In categorising 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	2025	2024
	£000	£000
Donations	646	593
Gift aid from subsidiary	51	110
	697	703

Income from donations, legacies and grants was £697,000 (2024: £703,000) of which E£nil (2024: £nil) was attributable to permanent endowment funds, £30,000 (2024: £43,000) was attributable to restricted funds and £667,000 (2024: £660,000) attributable to unrestricted funds.

Income from charitable activities	2025	2024
	£’000	£’000
Fees	20,435	19,640
Music tuition	215	252
Catering Other	966 476	972 404
	22,092	21,268

Income from charitable activities was £22,092,000 (2024: £21,268,000) of which all was attributable to unrestricted funds.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

Income from other trading activities	2025	2024
	£’000	£’000
Hire of facilities	168	217
Miscellaneous receipts	40	35
Clothing sales	3	29
Management charges received from subsidiary	18	18
	229	299

Income from other trading activities was £229,000 (2024: £299,000) of which all was attributable to unrestricted funds.

Investment income	2025	2024
	£000	£'000
Property income	295	275
Dividends and interest receivable	332	263
	627	538

Income from investments of £98,000 (2024: £103,000) was attributable to endowment funds and £529,000 (2024: £435,000) was attributable to unrestricted funds.

6 Analysis of total expenditure

6	Analysis of total expenditure
		Staff	Depreciation	Other	2025	2024
		Costs	and Impairment	costs	Total	Total
		£'000	£'000	£°000	£000	£’000
	Raising funds	-	-	132	132	556
	Charitable activities	13,950	1,555	7,148	22,653	21,647
	Other expenditure	-	-	219	219	240
		13,950	1,555	7,499	23,004	22,443
7	Raising funds				2025	2024
					£’000	£’000
	Property expenses				88	513
	Management fees				44	43
					132	556

Raising funds expenditure of £132,000 (2024: £556,000) was attributable to unrestricted funds.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

Analysis ofexpenditure on charitable activities		2025	2024
	Notes	£000	£’000
Provision of education
Direct costs
Academic costs		686	675
Extra-Curricular Bursaries		193 1,634	225 1,629
Prizes		16	24
Scholarships Staffing		80 13,843	97 13,039
		16,452	15,689
Support costs
School support services		1,792	1,886
Governance costs	9	48	64
Administration and maintenance		1,038	1,111
Estates		3,323	2,897
		22,653	21,647

Charitable activities expenditure of £400,000 (2024: £163,000) were attributable to endowment funds, £28,000 (2024: £16,000) were attributable to restricted funds and £22,225,000 (2024: £21,468,000) were attributable to unrestricted funds.

9	Governance costs	2025	2024
		£°000	£°000
	Audit and accountancy	44	55
	Legal and professional fees	-	5
	Other Governance expenses	4	4
		48	64
10	Other expenditure	2025	2024
		£’000	£’000
	Loan interest	219	240
	Other expenditure of£219,000 (2024: £240,000) was attributable to unrestricted funds.
11	Net income	2025	2024
		£°000	£000
	Net income is stated after charging:
	Tangible assets depreciation of permanent endowment assets	163	163
	Tangible assets depreciation of unrestricted assets	1,155	1,125
	Tangibleassetslossondisposalofpermanentendowmentassets	237	-

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

12 Auditor’s remuneration

Auditor’s remuneration	2025	2024
	£’000	£000
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 ofthe financial statements	33	30
Fees payable to the auditor for other services:
Other assurance services	2	1
Othernon-auditservices	9	9

13 Governors’ and key management personnel remuneration and expenses

The Governors neither received nor waived any remuneration during the year (2024: £nil).

The key management personnel of the School is the Governors and the senior management team. The total amount of employee benefits (including employer's national insurance contributions and contributions to the pension scheme) received by key management personnel was £1,797,629 (2024: £1,810,994).

During the year 3 (2024: 7) Governor claimed expenses of £872 (2024: £991) with respect to travel and subsistence expenses.

Staffcosts	Academic Staff	Support Staff	2025 Total	2024 Total
	£’000	£’000	£000	£’000
Wages and salaries	7,624	2,981	10,605	10,159
Social security costs	897	306	1,203	1,025
Employer contributions to defined
contribution schemes	1,946	196	2,142	1,845
	10,467	3,483	13,950	13,029

The average number of persons employed by the School during the year was as follows:


	2025	2024	2025	2024
	Number	Number	Number	Number
Teaching	114	111	99	97
Non-teaching	164	165	120	116
Visiting music teachers	17	18	-	-
	295	294	219	213

The total cost to the School of contributions towards the TPS was £1,946,000 (2024: £1,669,000). The amounts paid into private pension schemes in respect of support staff amounted to £196,000 (2024: £176,000).

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

14 Staff costs (continued)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

The number of employees whose emoluments (excluding employer pension costs) exceeded £60,000 was:

	2025	2024
	Number	Number
£60,001 - £70,000	20	14
£70,001 - £80,000	4	3
£80,001 - £90,000	2	1
£100,001 - £110,000	2	2
£110,001 - £120,000	1	-
£120,001 - £130,000	-	1
£130,001 - £140,000	1	1
£280,001 - £290,000	-	i
£300,001 - £310,000	1	-
	31	23

Pension costs in respect of the above employees totalled £661,620 (2024: £450,000). 28 (2024: 21) higher paid employees are accruing benefits under the defined benefit pension scheme and 3 (2024: 2) employees are accruing benefits under defined contribution scheme.

15 Tangible fixed assets

Tangible fixed assets		Assets in the	Freehold
		course of	school land	Fixtures and
		construction	and buildings	fittings	Total
		£°000	£’000	£’000	£°000
Cost at 1 September 2024		145	28,174	3,941	32,260
Additions Disposals		537 -	114 (349)	83 -	734 (349)
Transfers		(200)	200	-	-
Cost at 31 August 2025		482	28,139	4,024	32,645
Accumulated depreciation at	1 September 2024	-	9,533	3,120	12,653
Charge for the year		-	1,004	314	1,318
Disposals		-	(112)	-	(112)
Accumulated depreciation at	31 August 2025	-	10,425	3,434	13,859
Net book value at 31 August	2025	482	17,714	590	18,786
Netbookvalueat31August	2024	145	18,641	821	19,607

The net book value of fixtures and fittings includes £134,586 (2024: £208,611) in respect of assets held under finance leases and hire purchase contracts. The depreciation charge for the year with respect to these fixtures and fittings were £106,630 (2024: £83,897).

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

16 Investment properties

Investment properties	Freehold
	£’000
Valuation at 31 August 2024	9,319
Additions	5
Valuationat31August2025	9,324

A review of the School's investment properties values was carried out at 31 August 2025, and the governors are of the opinion that the fair value has not materially changed since the previous evaluation in August 2021. The historical cost of the investment properties is £2,272,000 (2024: £2,267,000).

Investment properties to the value of £3,225,000 (2024: £3,225,000) have been used as security in respect of the bank loans as described in note 21.

17 Other investments

Other investments			Total
			£°000
Fair value at 1 September 2024			7,469
Cash on deposit at	1 September 2024		(188)
Additions Disposals			953 (964)
Net loss on revaluation			129
Quoted investments			7,399
Cash on deposit as	at 31 August 2025		155
Fair value at 31 August 2025			7,994
		2025	2024
		£’000	£’000
Total (at fair value)		7,554	7,496
Total(athistoricalcost)		6,317	6,145

The School has a number of small portfolios held with Rathbones Investment Management Limited, which includes equities, fixed income unit trust and treasury bonds which are valued at mid-market price.

18 Debtors

18	Debtors	2025	2024
		£000	£000
	Outstanding fees	6,552	108
	Prepayments	357	316
	Amounts due from subsidiary undertakings	191	215
	Other debtors	73	96
		7,173	735
19	Current investment	2025	2024
		£000	£’000
	95-daynoticebankaccount	1,557	-

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

==> picture [472 x 385] intentionally omitted <==

----- Start of picture text -----
||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Creditors:|amounts|falling|due|within|one|year|2025|2024| |£000|£’000| |Bank|loans|(note|21)|388|375| |Obligations|under|finance|leases|(note|23)|65|104| |Trade|creditors|1,109|340| |Other|taxation|and|social|security|costs|1,376|250| |Accruals|482|478| |Other|creditors|485|478| |Deferred|income|6,478|6,132| |10,383|8,157| |Creditors:|amounts|falling|due|after|more|than|one|year|2025|2024| |£000|£’000| |Bank|loans|4,385|4,754| |Deferred|income|867|818| |Obligations|under|finance|leases|(note|23)|66|93| |5,318|5,665| |2025|2024| |£000|£’000| |Loan|maturity| |Debt|due|in|one|year|or|less|388|375| |Due|in|more|than|one|year|but|not|more|than|two|years|3,853|389| |Due|in|more|than|two|years|but|not|more|than|five|years|532|4,259| |Due|in|more|than|five|years|-|106| |4,773|5,129|

----- End of picture text -----

21 Creditors: amounts falling due after more than one year

The School has three separate bank loans. The details of these loans are given below:

The School's first bank loan is a facility of £5.0m to fund capital projects. As at 31 August 2025, £3.80m (2024: £3.94m) had been drawn down by the School. The bank loan hasa fixed interest rate of 3.38% 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% 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% 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.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

22	Deferred income	2025	2024
		£000	£’000
	Deferred income at 1 September	6,950	1,426
	Resources deferred in the year	6,527	6,248
	Amounts released from previous year	(6,132)	(724)
	Deferred income at 31 August	7,345	6,950
	The deferred income relates to school fees and deposits received in advance.
23.‘	Finance lease and hire purchase obligations	2025	2024
		£000	£000
	The total minimum future lease payments are payable:
	Less than one year	65	104
	Between one and five years	66	93
		131	197

Finance Lease payments represent rentals 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

~Analysis of net assets between funds
				Permanent
	Unrestricted	Designated	Restricted	Endowment
	Funds	Funds	Funds	Funds	Total
	£'000	£000	£’000	£’000	£’000
Tangible assets	14,085	-	-	4,701	18,786
Investments	3,703	2,553	-	10,622	16,878
Net current assets	395	1,974	35	563	2,967
Creditors due after more than one year	(5,318)	-	-	-	(5,318)
	12,865	4,527	35	15,886	33,313
				Permanent
Prioryear	Unrestricted	Designated	Restricted	Endowment
	Funds	Funds	Funds	Funds	Total
	£000	£’000	£000	£000	£7000
Tangible assets	14,505	-	-	5,102	19,607
Investments	3,678	2,512	-	10,598	16,788
Net current assets	(628)	1,959	33	449	1,813
Creditors due after more than one year	(5,665)	-	-	-	(5,665)
	11,890	4,471	33	16,149	32,543

NOTTINGHAM HIGH SCHOOL

(a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

25 Permanent Endowment

	Balance at					Balance at
	1 September			Other		31 August
	2024	Income	Expenditure	gains	Transfers	2025
	£000	£7000	£’000	£’000	£'000	£’000
Capital fund	11,595	-	(400)	-	-	11,195
J Bramley Scholarship	1,426	16	-	11	-	1,453
Other funds	3,128	82	-	28	-	3,238
	16,149	98	(400)	39	-	15,886
Prioryear	Balance at					Balance at
	1 September			Other		31 August
	2023	Income	Expenditure	gains	Transfers	2024
	£000	£000	£’000	£’000	£000	£7000
Capital fund	11,758	-	(163)	-	-	11,595
J Bramley Scholarship	1,382	17	-	27	-	1,426
Other funds	2,824	86	-	218	-	3,128
	15,964	103	(163)	245	-	16,149

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 investments has been accumulated within the fund to provide scholarships in future years.

26 ~=Restricted income funds

~=Restricted income funds
	Balance at				Balance at
	1 September				31 August
	2024	Income	Expenditure	Other gains	2025
	£000	£000	£000	£°000	£7000
Bursary Fund	8	30	(28)	-	10
CCF Community	25	-	-	-	25
	33	30	(28)	-	35
Prioryear	Balance at				Balance at
	1 September				31 August
	2023	Income	Expenditure	Other gains	2024
	£’000	£'000	£000	£’000	£’000
Bursary Fund	6	18	(16)	-	8
CCF Community	-	25	-	-	25
	6	43	(16)	-	33

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

~—_—sUnrestricted funds
		Balance at					Balance at
	1	September			Other		31 August
		2024	Income	Expenditure	gains	Transfers	2025
Designated		£°000	£’000	£’000	£°000	£'000	£’000
Bursary fund		2,510	-	-	56	-	2,566
Capital fund		1,811	-	-	-	-	1,811
Other funds		150	-	-	-	-	150
		4,471	-	-	56	-	4,527
Other unrestricted	funds	11,890	23,517	(22,576)	34	-	12,865
		16,361	23,517	(22,576)	90	-	17,392
Prioryear		Balance at					Balance at
	1	September			Other		31 August
		2023	Income	Expenditure	gains	Transfers	2024
Designated		£’000	£000	£’000	£’000	£’000	£°000
Bursary fund		2,299	-	-	211	-	2,510
Capital fund		1,811	-	-	-	-	1,811
Other funds		150	-	-	-	-	150
		4,260	-	-	211	-	4,471
Other unrestricted	funds	11,360	22,662	(22,264)	132	-	11,890
		15,620	22,662	(22,264)	343	-	16,361

The Bursary Fund is to further the education 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 set 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 contribution towards planned improvements to the School buildings.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

28 Reconciliation of net income to net cash inflow from operating activities

29

			2025	2024
			£°000	£’000
Net income forthe reporting period (as perthe Statement of Financial Activities)			770	953
Adjustments for:
Interest payable			219	240
Dividends, interest and rent from investments			(627)	(538)
Depreciation oftangible fixed assets			1,318	1,288
Loss on disposal of tangible fixed assets			237	-
Gains on investments			(129)	(588)
Decrease in stock			-	65
Increase in debtors			(6,438)	(142)
Increase in creditors			2,301	5,824
Net cash (used in)/provided by operating activities			(2,349)	7,102
~=Analiysis ofchanges in net debt
	Balance at			Balance at
	1 September		Noncash	31 August
	2024 Cashflows		flows	2025
	£’000	£’000	£’000	£’000
Cash at bank and in hand	9,235	(4,615)	-	4,620
Debt due within one year
Bank loans	(375)	356	(369)	(388)
Obligations under finance leases	(104)	98	(59)	(65)
Debt due after one year
Bank loans	(4,754)	-	369	(4,385)
Obligations under finance leases	(93)	-	27	(66)
	3,909	(4,161)	(32)	(284)

~=Analiysis of changes in net debt

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 £1,946,000 (2024: £1,669,000) and at the year-end £220,000 (2024: £203,000) 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 at March 2020 and the Valuation Report, which was published in October 2023.

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

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 reformed 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 benefits, and preparing the 2020 valuation have valued the ‘greater value’ benefits for groups of relevant members.

The valuation confirmed that the employer contribution rate for the TPS would increase from 23.6% to 28.6% 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 Governors consider that the School has no controlling party.

33 Related party transactions

During the year, the School paid expenses to the Governors amounting to £872 (2024: £991), 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 trustees/senior management team were not involved in the decision making process regarding appointment. The posts are paid within the normal pay scale for the roles and the individuals receive no special treatment as a result of their relationship to the trustees/senior management team.

Key management personnel compensation disclosure is included in note 13.

34 Financial instruments

The carrying amounts of the School’s financial instruments measured at fair value through profit and loss at 31 August were:

										2025	2024
										£000	£000
Financial	assets	measured	at	fair	value	through	profit	and	loss	7,554	7,469

35 Capital commitments

As at 31 August 2025, the School had contractual capital commitments of Enil (2024: Enil).

36 Operating leases

At 31 August 2025, the total of the School’s future minimum lease payments under non-cancellable operating leases was:

			2025	2024
			£’000	£000
Amounts	due	within one year	4	4
Amounts	due	between one and five year	8	12
			12	16

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)

Year ended 31 August 2025

37 ~~‘ Investment in subsidiary undertaking

The School has an investment in Nottingham High School International 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 year ended 31 August 2025, Nottingham High School International Limited income totalled £105,237 (2024: £173,168) with a retained profit of £462 (2024: £462) and net assets at 31 August 2025 of £563 (2024: £563).

During the year ended 31 August 2025, the company recharged management expenses of £18,002 (2024: £18,000) and received £51,286 (2024: £109,518) of gift aid from Nottingham High School International Limited. At the year end, a balance of £191,045 (2024: £215,054) was due from Nottingham High School International Limited.

38 Post balance sheet events

On 31 October 2025, the company acquired an additional investment property for a purchase price of £1,300,000.

2025-08-31-accounts

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS

Co-opted Governors

Denotes member of Education Committee * Denotes member of Finance & Operations Committee A Denotes member of Investment Committee + Denotes member of Development Committee ~ Denotes member of Pension Governance Committee

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

OFFICERS AND ADVISORS

The Headmaster

School Address and registered office

Bankers

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT

Year ended 31 August 2025

REFERENCE & ADMINISTRATIVE INFORMATION

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Governing Body

Method of recruitment and appointment or election of Governors

Governor Training

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

Third Party Indemnity Provision for Governors

Organisational Management

Risk Management

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

Employee Consultation and Disabled Employees

OBJECTIVES AND AIMS OF THE SCHOOL

Objectives

Mission and Values

Mission

Values

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

Missions and Values (continued)

Principal activities in the year

Access to the School

Approach to Fundraising

Principles of Our Fundraising Approach

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

Approach to Fundraising (continued)

Protecting Our Supporters

Financial Assistance that the School Provides

Bursary Policy

Assistance provided

Future plans for Bursary Support

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

STRATEGIC REPORT

Academic activities

A Level results

GCSE results

The Co-curricular programme

FINANCIAL REVIEW

Results for the year

Capital investments and funding

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

FINANCIAL REVIEW (continued)

Reserves policy

Remuneration of senior employees

Investment policy and objectives

Future Plans of the Business of the School

Strategy and Development

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

Going Concern

OTHER INFORMATION

Environmental

NOTTINGHAM HIGH SCHOOL (a company limited by guarantee)

GOVERNORS’ REPORT CONTINUED

Year ended 31 August 2025

OTHER INFORMATION (continued)