THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
Charity No: 1159413

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
CONTENTS
Page
Report of the Trustees
Independent Auditor's Report
Statement of Financial Activities
11
Summary Income and Expenditure Account
12
Balance Sheet
13
Statement of Cashflows
14
Notes to the Financial Statements
15

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
REPORT OF THE TRUSTEES
31 December 2024
The Trustees are pleased to present their report and finanaal slatements for the year ended 31 December 2024. The
financial statements have been prepared in accordance with the accounting poliaes set out in note 110 the accounts
and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting of Charitie5'.
Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the
Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives
The aims of the King Edward Vl High School for Girls Bimiingham Trust are to..
"Promote the education of pupils at King E(Iward Vl High School for Girts Bimiingham (-KEHS°) in such ways as the
Trustees think fit, including awarding to pupils at the School scholarships, bursaries, assisted pla￿s, maintenance
allowances and grants on the basis of financial need to enable them to attend Ihe school.
To advan￿ the education of pupils at the School by providing and assisting Ihe provision of facililies for educalion at
the School.
Public benefit
The Trustees refer to the Charity Commission's general guidan￿ on public benefit when reviewing the charity's
objectives and in planning for future activities. gwing full consideration to how planned activities will contribute to the
Trust's aims and objectives.
Assisted Pla￿S are an important means of widening access to KEHS for academically able girls whose families are
unable to afford the cost of school fees. By widening access to all girls with the talent to flourish at KEHS, Assisted
Pla￿5 facilitate social mobilty in Ihe region. They enable recipients to make the most of their talents as a result of
KEHS education, providing a public benefit both to the individuals who receive funding and the society the recipienls
go on to serve. whatever their chosen profession.
Fundraising for Assisted Places is inextricabty linked to the School's outreach and marketing, all designed to ensure
thal aspirations lo attend KEHS are raised across the region. Outreach activilies led by leaching staff target bolh
primary and secondary schools. enabling a greater awareness of what a KEHS education can provide and ensuring
thai gids from a wide range of backgrounds feel the School is a place for Ihem. The Schools of King Edward Vl
extensive Partnerships programme provides opportunities to promote the availabilty of Assisted Places, whilsl
raising aspirations across primary schools in the local community. Each academic year, the Schools engage just
under 10,000 primary school children from more than 150 schools. Just over 100 KES and KEHS sludenls were
involved with leading, supporting and organising events for primary aged children. embodying the hugely powerful
and mutually beneficial impact such work can achieve.
Donations in support of Assisted Pla￿S ensure that the aspirations raised by outreach activity can be made a reality.
This is especially important for increasing access to KEHS from groups who might not otherwise consider the School
as a place for them, for a variety of social and cultural reasons.
Assisted Pla￿S also help to reverse history. sin￿ the demise of the Direct Grant system which existed between
1944 and 1979, the School's population has swung from 80% of pupils on Direct Granls, lo just 160/0 of girfs on
Assisted pla￿S. Vthilst that remains ￿lce the national average. we seek to do more. Of the 604 gids registered to sit
the entrance exam for entry in September 2024, 48/0 requested fee assistance through the Assisled Places
programme. 46 girls in the top 200 requested assistance. 16 were offered Assisted Places, 3 of which were joint
APIScholarships and 15 were a¢￿pted. Six girls were offered Assisted Pla￿$ for entry to the Sixth Fom, all of
which were accepled.
The Trust's principal mission is to provide new Assisted Places, to help bridge the gap be￿een demand and supply.
The Trust sought to address this wtth the Delyvere fundraising campaign for Assisted Places,. this launched in June
2017 and by June 2020 the Trust had created 27 new pla￿$. The majority of these were sponsored by individual
donors, whose commitment to accessibility has been key to ensuring all bright gids can consider a fijture here. A
furlher 9 places have been awarded Sin￿ Ihen.
sin￿ our in￿ptiOn. student fundraising for Regular Direct Debit and single gifts has also been a key parl of our
strategy. Our 2018 Tes Fundraising Initiative of the Year Award recognised the enthusiasm and dedication of the
student team, embedding student engagement within our campaign for Assisted Pla￿s. This is continuing in 2024.
Page 1

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
REPORT OF THE TRUSTEES (CONTINUED)
31 December 2024
The Trust's role continues in providing educational opportuntlies for all at the School
not just those who can afford
to attend KEHS - sends a powerful message to families of all backgrounds. Assisted Pla￿$ will remain at the heart
of its work.
The Trust's fundraising helps talented girls to access an outstanding. truly lrfe-changing education. This is evidenced
in the School's academic results. GCSE grades remained consistenl in 2024.. 62,/0 of grades were grade 9 (three-
year average.. 62%), 84% were grades 918 Ithree-year average= 850/0), and 95% were grades 9-7 (three-year
average.. 94°/0}. A Level resulls were equally imp￿SsIVe.. 42 % of grades were A" {Ihree-year average.. 45 /0), 81 /0
were A"IA (Ihree-year average.. 830/0), and ￿ % were A" B {three-year average= 97 % ). These statistics illustrate how
Assisted Places lay strong foundations for the future. What's more, in De￿mber 2023 The Sunday Times, Parent
Powerf supplement named KEHS Ihe 'West Midlands Independent School of the Year for Academic Performance, for
the fifth time in seven years.
The KEHS curriculum enables gids on Assisted Places to build upon their individual strengths and talents. The
curriculum is regularly reviewed and updaled to incorporate national developments and gids are encouraged to take
every opportunity to broaden their leaming experience and explore a wide range of unusual options. Links to free
online resources, such as the Harvard and Yale courses. are available via the School's website and cover subjects
including coding and the moral foundations of politics. KEHS also coordinates a programme of research seminars,
where students present academic research papers to a panel of invited guests induding academics, teachers and
fellow students. These resources are particularfy helpful for gids on Assisted Places, who may be from backgrounds
which offer less access to cultural capital than their peers. The School has continued tts series of online lectures with
eminent speakers, as well as initiatives shared wilh all 14 of our Foundation schools. like Enlerprise Educalion Day
for year 8 students across all KE schools in Birmingham. Wthout Assisted pla￿S, talented girls would miss out on
this exposure and chance to develop addilional skills and insights.
The extracurricular offer complements the curriculum by helping girls to develop the soft skills valued by future
employers. KEHS leads the way in co- and extra-curricular education, with over 70 high quality dubs and activities
each week, including top-class music-making. dan￿ and drama, all run by highly-qualified staff or outside experts.
Other options include Debating, Ceramics, Lifesaving, Model United Nations, Perfomiance Poetry, Digital Arts,
Symphony Orchestra and Sign Language Club.
The strength in sciences across the school community bucks a national gender Imbalan￿ in STEM subjects. KEHS
girls are encouraged to follow Iheir interesls unfette￿d by gender stereotypes, going on lo populate nalional
pipelines of female scientific talenl and serve as role models for subsequent generations of girls. The school also has
an outstanding record of pupils taking UK Olympiads and winning national prizes. including the prestigious Arkwright
Engineering Awards.
A further public benefit oflhe Assisled Pla￿S Fund is Ihe ¢x)mmunity service underlaken by KEHS girls. Through this
and the Trust, the local community re￿iVeS a twofold benefit.. the first being the availability of Assisted Places, and
the second the contribulion which all girls, induding Assisted Place holders. make to their communities. Through
community service, gids develop Confiden￿ in a wide range of non-academic skills. The Community Service
programme at KEHS is extensive, induding parties for the elderly. activities for children from inner city primary
schools, and weekly collections and charity events to raise funds for chosen Fomi charities. Sixth Fomiers also
spend one teTh completing a voluntary pla￿ment on a Friday aftemoon.
Grant making policy
In the Autumn Term each year, the Trustees decide the number of Assisted Places to allocate for the following
September, based on both received income and pledged income. The Truslees will grant an Assisted Place over
seven years based on pledged regular income, even if the income has not yet been received. However, the Trustees
will only grant a pla￿ using received single cash income rf the total cost of the place over the whole seven years is
available. Grants can be made three times per year at the Trustees. meetings in the Spring, Summer and Autumn
Terms.
Grants
The Trustees are pleased to report that they made grants totalling £320,790 (2023.. £297,990) during the year,
funding Assisted Places for 22 girls.
In Autumn 2024, the Trustees agreed to make further fijnds available for purpose of providing three new Assisted
Places for girts starting in Seplember 2025.
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THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
REPORT OF THE TRUSTEES (CONTINUED)
31 December 2024
Achievements and perforniance
The Trustees are very pleased wrth the achievements and perfO￿an￿ of the Trust during its eighth year of
operation and they are very grateful to all their supporters. £292,953 (2023= £497,407) was received in donations in
2024, from 294 donors {2023.' 357 donors) meaning we have raised £4.6 million in gifts and pledges lo date. Almosl
all of this income was donated for the provision of Assisted Pla￿S and will be so applied.
Financial Review
The Trust's financial statements are set out on pages 11 to 24.
The lolal value of the incoming resour￿$ received by the Trust was £338.355, of which £16,833 was reclaimed Gift
Aid and £96,992 an 'in-kind' donation from The Schools of King Edward the Sixth of Birmingham for Development
Office staffing costs.
Investrnent policy and perfonnance
All the investments of the Trust are managed by Ruffer LLP who were appointed as the Trust's investment manager
because of their charity experience, their record of consistent retums over varying market cycles and a long-held
goal of protecting capital over rolling 12-month periods. All Trust investments are invested in accordan￿ with their
investment policy.
At Ihe year end. the value of the portfolio was £1.451.209 (2023: £1,524,959). The Trust's portfolio has seen a -1.9 /0
total retum in 2024, and a -0.90/0 annualised return over the past three years.
Overall, the portfolio perf0mlan￿ in 2024 was mixed. Ruffer achieved their first aim of capital preservation over a 12
month period. The biggest detractors were our protective positions. though there was growth in equities and short-
dated fixed-interest positions.
Over the same period, pri￿S have risen by 4.2 /D as measured by the Consumers, Price Index and by 10°/o per
annum as measured by the Retail Prices Index. This was driven by a number of factors, including supply chain
disruplions, and rising energy prices. The Trustees re￿1ve regular reports from the inveslmenl manager and carry
out regular market testing exercises. Such reviews might lead to a change of manager or to the addition of a further
manager should this be required to a￿sS a particular investment expertise.
From 1 January 2025 to 31 March 2025. the portfolio had a total return of 4.3/.
Risk Management
The Trustees continue to review the major operational and strategic risks to which the Trust is exposed and
are satisfied that systems and controls are in place to minimise exposure to risk.
The Trustees have produced the following policy documents.. an ethical policy, a systems and controls document, a
gift aC￿pta￿￿ policy, and a data protection policy. Details of these are outlined below and are subject to regular
scrutiny. The Trustees conlinue to take all necessary steps to ensure Complian￿ wilh UK GDPR.
The Trust is a member of the Fundraising Regulator and adheres to its guidan￿ and standards of best practice
across all of its activities.
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THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
REPORT OF THE TRUSTEES (CONTINUED)
31 December 2024
Ethical Policy
As part of the ethical controls on fundraising, the Trustees approve the fundraising strategy which is undertaken by
the Development offi￿ on the Trust's behalf. The ethical policy also outlines the professional code of ethics which
volunteers and employees who solicit or re￿1ve funds on behalf of the Trusl must adhere lo.
The Trusl's full ethical policy is available here= oldeds.kehs.org.uklthe-kehs-trusvtrusl-infomation-policiesl.
The Development Office is a member of the Council for AdVan￿ment and Support of Education, and the Institute of
Development Professionals in Education and so keeps regularfy appraised of best practice and developments in the
sector.
The Trust's financial affairs are conducted in a responsible manner. consistent with the ethical obligations of
stewardship and the legal ￿quirementS of nalional ￿gulatOrS. Annual finanaal reports are factual and accurate in all
material respects. and are prepared in aCc￿rdan￿ with generally accepted accounting principles and standards.
Systems and controls document
This document covers the storage of and ac￿$$ to confidenlial data and financial infomiation in accordance with
data protection legislation and financial regulations. It also covers the communications sent out by the Development
Office on behalf of the Trust. our fundraising and financialldonalions prO￿5$e$, and the managemenl of our
investments.
Gift acceptance policy
The Trust's gift aC￿ptan￿ policy is reviewed regularly to ensure it complies with new legislation. The most up to
date version is available at.. oldeds.kehs.org.uthhe-kehs-trusvtrust-1nfomatio￿po1lCieSl.
Data policy
In order to advance the Trust's legilimate interest (fijndraising for needs-based bursaries which enable talented girls
to attend King Edward Vl High School for Girls). a dalabase is held by the School. This holds infomation on donors
and potential donors, and all reasonable care is used to keep this data up to date and secure.
The Trust and the School ensure they each comply with all relevant data protection legislation, including the UK
GDPR, in respect of any data which it pro￿sseS as the data controller. All dala is treated confidentially and held
securely by the School and Trust in accordance with the relevant legislation and having oblained the consent of all
individuals whose data is prO￿SSed.
The Privacy Noti￿ covers the collection. usage, sharing. accuracy and retention of data, as well as the rights of
those whose data is held by the School. The Privacy Noti￿ was updated in spring 2023 to ensure it remains in-
keeping with current legislation and best practice, induding how it profiles and wealth screens potential donors. A full
Privacy Statement is available at.. oldeds.kehs.org.u￿ntenVUploadsf2024/02lP￿ivaCy-Notlce-reVleWed-2o23.pdf.
The Privacy Nob'ce is reviewed regularly.
External changes and recommendations
Changes to fundraising sew-regulation have been noted in the above referen￿S to the Fundraising Regulator and the
UK GDPR. The trustees continue to stay abreast of the siluation regarding the on-going impact of Brexit and any
potential impact on our data processing. As well as advice from our professional bodies, we re￿1ve regular updates
from our software provider, Blackbaud, who are internationally renowned as leaders in their field.
Page 4

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
REPORT OF THE TRUSTEES (CONTINUED)
31 December 2024
Reputstional risk management and fundraising
The relationship be￿een the School's academic results and the Trust's fundraising militates against the risk of either
reduction in donations or a dedine in the School's academic success. The are inextricably linked.
The introdudion of Trust-funded Assisted Pla￿S can be directly linked to a marked increase in academic
perfomance. as outlined in the Public Benefil section of our report. This success makes a strong case for continued
support, as the Trust continues its fundraising efforts.
The diversity of the pupil population reflects Bimiingham's broader ethnic demography, fvrther reinforcing the sense
that the Trust is providing a public benefit to the communtty- This provides current and potential donors with the
reassuran￿ that they are making an impact on the lives of the mosl deserving and lalented gids trom across Ihe
region.
Reserves policy
11 is the policy of the Trustees to distribute the majonty, although not ne￿$sarIlY the total amount, of received and
projected Trust income. As a result. the Trustees may cary some undistributed income forward to the following
financial year. The operational costs are bome by The Schools of King Edward the Sixth in Birmingham.
Plans for the future
The Trustees recognise that the Trust has been very su￿sSfUl. with £4.1 million raised to date including pledges,
and an additional £650,000 in legacy pledges.
The long-term aim of the Trust is to secure an income (from endowment and expendable gifis) that will ensure
needs-blind aC￿sS for the School.
Structure. governance and management
The King Edward Vl High School for Girls Bimiingham Trust is a registered charity (Number.. 1159413) and is
established as an independent scheme under a Declaration of Trust dated 3 October 2014.
Reference and administration inforniation
Charity Name
THE KING EDWARD VI HIGH SCHOOL FOR GIRLS
BIRMINGHAM TRUST
Charity Registration Number
1159413
Registered Office
King Edward Vl High School for Girfs
Edgbaslon Park Road
Bimiingham
B152UB
Page 5

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
REPORT OF THE TRUSTEES (CONTINUED)
31 December 2024
Trustees
The Trustees who served during the period and up to the date of this report are set out below.
Mrs Kirsty von Malaisé
Mrs G Stanley
Mrs J A Dyke
Mrs H Evenett
Mrs A Duffy
Mrs C Hosty
Appointed by virtue of being Principal 1 September 2020
Re-elected 23 March 2023. tenn expires 23 March 2026
Re-elected 2 October 2023., temi expires 2 October 2026
Re-elected 12 March 2024, lem expires 12 March 2027
Re-elected 2 October 2023., temi expires 2 October 2026
Te￿ of Offi￿ expires 6 De￿mber 2025
(Chaimian)
Auditors
Cooper Parry Group Limited
Slalutory Audilor
Cubo Birmingham
4th Floor
Two Chamberlain Square
Birmingham
B3 3AX
Bankers
Lloyds
134 New Streel
Birmingham
B2 4QZ
Investment Managers
Ruffer LLP
80 Victoria Street
London
SW1E 5JL
Trustee recruitment and training
The Dedaration of Trust provides for a minimum of 3 Trustees and a maximum of 15 Trustees. The Principal of the
School is nO￿nallY a Trustee, and both the Govemors ofthe Schools of King Edward the Sixth in Birmingham and the
Directors of the Binningham Girls. Old Edwardian Club have the right to appoint two Truslees each. New Truslees
are appointed by the existing Trustees and serve for three years. after which they may nominate themselves for re-
appointment. When recruiting new Truslees. individuals are sought who have Ihe skills. knowledge and experience
needed for the effective management of the Trust.
New Trustees are made aware of their responsibilities and are helped to familiarise themselves with the practical and
financial operations. To assist them they are provided wtth a copy of the Dedaration of Trust, minutes of recent
Trustees, meelings, the latest Trust report and statement of accounts and any appropriate Charity Commission
publications. Al Trustees give of their time freely and no Trustee remuneration was paid in the year.
Organisational structure
All matters of policy and management are detemined by the Trustees, who meet three limes per year and at such
other times as circumstances require. The Prinapal and School Govemors present on the trust board and help
infomi fundraising practi￿ as it relates to the ongoing needs of the School- the School's major requirement continues
to be the provision of Assisted Pla￿s.
Page 6

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
REPORT OF THE TRUSTEES (CONTINUED)
31 December 2024
ResponsSbllltles of the Trustees
The Trustees are responsible for preparing the Report of the Trustees and the financial stslernents in accordance
wllh applicable law and United Kingdom Accountlng Standards (United Kingdom Generally A￿pIed
Accounting Practice). The law applicable lo charities in England and Wales requires the Trustees lo prepare
financial statements for each financial year vthich giv8 a true and fair view of the state of affairs of the charity
and of the incoming resources and applicalion of resources of the charity for that per*Jd. In preparing Ihese
financial statements, the Trustees are r4uired lo:
select suitable accounting policies and then apply them consistently,
observe the methods and principles in the Charities Statement of Rectsmmended Practice 2019 (FRS102):
mak8 judgements and estimates Ihat are reasonable and prudent:
stale whether applicable account￿g standards have been folhjv￿d. subject to any material departures
dlsclosed and explained in the financial ststements- and
pr8pare the financial statements on a going concém basis unless il is inappropriats to presum6 that the
Charlty wlll continue in op8ratK>n.
The Trustees are responsible for keeping proper accounting records that dis¢b$e vAth reasonable accuracy al any
tlme the financial position of the charity and enable them lo ensure that the financial slalemenls comply with the
Charities Act 2011, the Charily (Accounts and Reports} Regulations 2CQ8 and the provisions of the trust deed,
They are also r8sponsible for safeguarding the assets of the charity arKI hence for taking reasonable steps for
the prevention and dele¢tion of fraud and olher irregularities.
Th• Trustees are responsible for the mainl8nance and integrity of the charity and financial information included on
the charivs webslle. Legislation in the United Kingdom governing Ihe preparatlon and dissemination of
financial statemen19 may differ from leglslation in olherjurisdiclions,
Audltors
Cooper Parry Group Limiled has expressed its willingness lo continue in office and VAII bè proposed for r8-
appointment al the Annual General Meeting.
Approved by the Twstees on 7 J.
L< sp3ned on their behalf by.
JA Dyk8
Chairman of Trustees
JudyDyke MBE. TEP
BirrnW•i B1786Y
Page 7

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF
THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
Opinion
We have audiled Ihe financial statemenls of The King Edward Vl High School for Gids Bimingham Trusl ('Ihe
charity,) for the year ended 31 December 2024 which comprise the Statement of Finanaal Activities, the Balance
Sheet, the Slatement of Cashflows and notes lo the financial statements. induding 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 Finanaal Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the finanaal statements=
give a true and fair view of the state of the charity's affairs as at 31 De￿mber 2024, and of its incoming
resources and application of resources. for the year then ended-
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and
have been prepared in accordan￿ with Ihe requirements of the Chartlies Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UK)) and applicable law.
Our responsibililies under Ihose standards are further described in the Auditorfs responsibilities for the audit of the
financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audtt of the finanual statements in the UK, induding the FRC'S Ethical
Standard, and we have fulfilled our olher ethical responsibilities in accordan￿ wilh 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 ihe finanaal slatements, we have conduded that Ihe trustees. use of the going concern basis of
accounting in the preparation of the finanaal statements is appropriate.
Based on the work we have performed, we have nol idenlified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
con￿rn for a period of at leasl 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees wilh respect to going con￿rn are described in the relevant
sections of this report.
Other information
The other information comprises the infomiation induded in the Trustees Annual Report, other than the financial
statements and our auditorfs report thereon. The trustees are responsible for the other information contained within
the annual report. Our opinion on Ihe financial stalements does not cover Ihe other infomiation and, except lo Ihe
extent otherwise expliatly stated in our report, we do not express any fonn of assurance condusion thereon.
Our responsibility is to read the other infomiation and. in doing so, consider whether the other infomiation is
materially inconsistent with the finanaal statements or our knowledge obtained in the course of the audit or otherwise
appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements,
we are required to determine whether this gives rise to a rnaterial misslatement in the financial statements
themselves. If, based on the work we have perfomed, we condude that there is a material misstatement of this other
infomiation, we are required to report that fact.
We have nolhing to retX)rt in this regard.
Matters on which we are required to report by exception
In the light of Ihe knowledge and understanding of the tharity and tts environment obtained in the course of the audit.
we have nol ideniified material misslatemenls in the trustees. report.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion..
Page 8

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF
THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST {CONTINUED)
the infomiation given in the tnjstees, report is inconsistent in any material respect with the financial statements.,
or
sufficient accounting records have not been kept- or
the financial statements are not in agreement with the accounting records., or
we have nol received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fulty in the trustees. responsibilities statement set out on page 7. the trustees are responsible for
the preparation of finanaal statements which give a true and fair view, and for such internal control as the trustees
determine is necessary io enable the preparation of finanaal statements that are free from malerial misstalement,
whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a
going con￿rn. disclosing. as applicable. matters related to going con￿rn and using the going concem basis of
accounting unless the truslees either intend to liquidate the charity or to ￿ase operations, or have no realistic
alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordan￿ with
regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
malerial misstatement, whelher due lo fraud or error. and to issue an audttorfs report that indudes our opinion.
Reasonable assuran￿ is a high level of assuran￿ but is not a guarantee that an audit conducted in accordance with
ISAS (UK) will always detect a material misstatement when it exists. Misstalements can arise from fraud or error and
are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the
economic deasions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design prO￿dureS in
line with our responsibililies, outlined above, to detect material misstatements in respect of irregularities, including
fraud. The specific prO￿dureS for this engagement and the extent to which these are capable of detecting
irregularilies, including fraud are detailed below..
Our assessmenl focussed on key laws and regulations the charity has to comply wtlh and areas of the financial
statements we assessed as being more susceptible to misstatement. These key laws and regulations induded but
were not limited to Complian￿ with the Charities Act 2011. Trustee Act 2000, Charities (Protection and Social
Investment) Act 2016, taxalion legislation, dats protection and employment legislalion.
We are nol responsible for preventing irregularities. Our approach to detecting irregulartlies induded, bul was nol
limited to, the following=
obtaining an understanding of the legal and regulatory framework applicable to the charity and how the charity is
complying with that framework, induding agreement of financial statement disclosures to underlying
documentation and other eviden￿..
obtaining an understanding of the chariws control environment and how the charity has applied relevant control
procedures, through discussions wtth Trustees and other management and by perfomiing walklhrough testing
over key areas-
obtaining an understsnding of the charitys risk assessment pro￿$$, including the risk of fraud.,
reviewing meeting minutes of those charged with governan￿ throughout the year.. and
perfomiing audit testing to address the risk of management override of controls, induding testing joumal entries
and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside
the nomal course of business and reviewing accounting estimates for bias.
Page 9

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF
THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST (CONTINUED)
Whilst considering how our audit work addressed the detection of irregularities, we also considered the likelihood of
detection based on our approach. Irregularities arising from fraud are inherently more difficult to detect than those
arising from error.
Because of the inherent limilations of an audil, there is a risk that we will not detect all irregularilies, including those
leading to a material misstatement in the financial statements or non-complian￿ with regulation. This risk increases
the more thal compliance wilh a law or regulation is removed from the evenls and transactions reflected in Ihe
financial statements, as we will be less likely to become aware of instsnces of noncompliance. The risk is also
greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment.
forgery, collusion, omission or misrepresentation.
A furlher descriplion of our responsibilities for the audit of the financial statements is localed on the Financial
Reporting Counal's website at.. www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's
reporl.
Use of our report
This report is made 501ely to the charity's trustees. as a body. in accordance wth Part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees
those matters we are required to state to them in an auditorfs re￿rt and for no other purpose. To the fullest extent
pemiitted by law, we do not a￿p1 or assume responsibility to anyone other than the charity and the charity's
trustees as a body, for our audit work. for this report, or for the opinions we have formed.
Cooper Parry Group Limited
stalutory Auditor
Cubo Bimingham
4lh Floor
Two Chamberlain Square
Birmingham
B3 3AX
Date= 8 July 2025
Cooper Parry Group Limited is eligible to act as an auditor in temis of section 1212 ofthe Companies Ad 2006.
Page 10

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2024
UnTestricted
funds
Restricted
funds
Endovfflient
funds
2024
Total
2023
Total
funds
Funds
Note
Income and endowments from:
Donations and legacies
Fundraising activrties
Investments
132,747
155,104
121
45,281
5,102
292,953
121
45,281
497,407
93
58,487
Total income and endowments
132,747
200,506
5,102
338,355
555,987
Expenditure on:
Raising funds
Charitable aclivities
(3,503}
(385,549)
{96.992) (320.790)
(417,782)
Totsl expenditure
{96,992) (320,790)
(417,782)
{389,052)
Net incoming
resourcesl{resources
expended) before investment
gainslllosses)
35,755
(120.284)
5,102
(79,427)
166,935
Realised gainlooss) in market
value of investments
{115,699)
Unrealised loss in market value
of investments
(73,750)
(73,750)
(29,403)
Net movement in funds
35.755
(120.284)
(68.648)
(153,17n
21,833
Reconciliation of funds:
Total funds brought forward
1.113,415
1,654,134
2,767,549
2,745,716
Total funds carried forward
35,755
993,131
1,585,486
2,614,372
2,767,549
There were no recognised gains and losses in the period olher than those induded in the Statement of Financial
Activities. All In￿Me and expenditure relates to continuing operations.
The notes on pages 15 to 24 fomi part of these financial statements.
Page 11

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
SUMMARY INCOME AND EXPENDITURE ACCOUNT
for the year ended 31 December 2024
2024
2023
Note
Donations, legaaes and fundraising activites
Interest and investment income
293,074
45,281
442,285
32,756
Gross income
338.355
475.041
Expenditure
1417,782)
(385,549)
Net income
(79.427)
89.492
The notes on pages 15 to 24 fomi part of these finanaal ststements.
Page 12

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
BALANCE SHE
as at 31 December 2024
2024
2023
Note
Flxed assels
Investments
1,451,209
1,524,959
Total fixed assets
1.451,209
1,524.959
Current assets
Debtors
Cash al bank and in hand
11.402
1,162,455
347.023
1,011,943
1,173,857
1,358,966
CredltoryJ'. amounts falllng du• wlthln ona year
(10,693)
1116,376)
Net current assets
1,163,164
1,242,590
Net as88ts
2,614,372
2,767,549
Charlty Funds
Expendable endowment funds
Restricted funds
Unrestricted funds
1,585,486
993,131
35,755
1,654,134
1,113,415
Total charlty funds
2.614,372
2.767,549
The financial statements on pw 11 to 24 V￿re approved by the Trustees on 7 J_L tsLSnd signed on Ils
behalf by-.
JA Dyke
Chalrman of Trustees
The notes on pages 15 to 24 form part of these financial slatements.
Judy Dyke M8E.IEP
Tynd81m￿d$
29 Woodbwme Ro
B1￿1r*jharn B17 8BY
Page 13

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
STATEMENT OF CASH FLOWS
for the year ended 31 December 2024
2024
2023
Note
Cash flow from operating activities
12
105.231
97,731
Cash flow from investing aclivities
Payments to acquire investments
Receipts from sales of investments
Income from investment portfolio
Investment manager costs
{1.190,7531
1,098,331
58,487
(3,5031
45,281
Net cash flow from investing activities
45.281
(37,438)
Net increase in cash and cash equivalents
150,512
60,293
Cash and cash equivalents at 1 January 2024
1.011.943
951,650
Cash and cash equivalents at 31 December 2024
1,162,455
1,011,943
Cash and cash equivalents consists of:
Cash at bank
1.162.455
1,011,943
Investment manager acLount
Cash and cash equivalents at 31 December 2024
1,162,455
1,011,943
Analysis of changes in net debt
At 1-Jan-24
Cashflows
At 31-Dec-24
Cash at bank and in hand
1,011.943
150,512
1,162,455
The notes on pages 15 to 24 fomi part of these finanaal ststements.
Page 14

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 December 2024
Summary of significant accounting policies
(al General infonnation and basis of preparation
The King Edward Vl High School for Girls Bimiingham Trust was fomied on 3 Oclober 2014 and became a
registered unincorporated charity in the United Kingdom on 1 December 2014. The address of the registered
office is given in the charity infomation on page 5 of these financial statements. The nature of the charity s
operations and principal activities are to advan￿ education by supporting the provision of education at The
King Edward Vl High School for Gids Birmingham Trust (Yhe school") in such ways that the Trustees see fit in
particular by providing fvnds to support the provision of bursaries to girls on the basis of finanaal need to
enable them to attend school.
The charity constitLrtes a public benefft entty as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities.. Stalemenl 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) effective 1 January 2019, the Financial Reporting
Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK
Generally Accepted Practi￿.
The financial statements are prepared on a going cOn￿M basis under the historical cost convention, modified
lo include certain items at fair value. The financial statements are prepared in sterling which is Ihe functional
currency of the charity-
Cost of living crisis, new government and going concern
At the time of signing these accounts, Ihe Trustees have considered the continuing effect of the cost of living
crisis and new govemment on the going concem position. Trustees continue to rnonitor the situation.
At the balan￿ sheet date, the Trust had a significant cash balan￿ and strong net asset position, this
indicates thal the Trusl will continue to operate for a period of al least 12 monlhs trom the date of signing
these accounts. The financial forecasts prepared by the Trustees also support the going concern principle. On
Ihat basis, the Trustees have prepared these finanaal statements on a going concern basis.
The significant accounting policies applied in the preparalion of these financial statements are set out below.
These policies have been consistently applied to all years presented unless othetwise ststed.
(bl
Funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordan￿ with specific restrictions imposed by donors or
which have been raised by the charity for particular purposes. The cost of raising and administering such funds
is charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the
financial statemenls.
Permanent endowed funds represent donations made to the Trusl that are held as pemianent endowmenls at
the request of the donor. The interest and investment income generaled is then spent on the purpose for
which the gift was made. The Trustees will seek to maintain the capilal and. through prudent investment
management, increase it with the aim of keeping pa￿ with inllation or, in the case of Assisted Places, the
inflation in school fees. The capital and capital growth are both protected and cannot be spent on the purpose
for which the gift was made.
Expendable endowed funds represenl donations made lo the Trust that are held as endowments, eilher al the
request of the donor or the decision of the Trustees. The interest and investment income generated is then
spent on Ihe purpose for whith the gift was made. The Truslees will. in general, seek to maintain the capilal
and, through prudent investment management, increase it with the aim of keeping pace with inflation or, in Ihe
case of Assisted Places. the inflation in school fees. However. the capital and any capital growth will be
reviewed annually by the Trustees and, at their discretion, some of the capilal and l or capital growth can be
spent on the purpose for which the gift was made.
Page 15

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 December 2024
Summary of significant accounting policies Icontinued)
(cl
Income recognition
All incoming resources are induded in the Statement of Financial Activities {SoFA) when the charity is legally
entitled to the income after any perfomiance conditions have been met, the amount can be measured reliably
and it is probable Ihat the income will be re￿Ived.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in
writing, and in most cases will have re￿iVed the funds. If there are conditions attached to the donation and this
requires a level of performan￿ before entitlement can be obtained, then income is deferred until those
condilions are fully mel or the fulfilment of those condtlions is within the control of the charity and it is probable
that they will be fulfilled.
No amount is induded in the finanaal statements for volunteer time in line with the SORP (FRS 102).
For legacies, entiuement is the eadier of the charity being notified of an impending distribution or the legacy
being re￿ived. At this point income is recognised. On occasion legacies will be notified to the charity however
it is not possible lo measure the amount expected to be distributed. On these occasions, the legacy is treated
as a contingent asset and disdosed.
Investment income is earned through holding assets for investment purposes such as shares. It indudes
dividends and interest. whe￿ it is nol practicable to identify inveslment management costs incurred within a
scheme with reasonable accuracy the investment income is reported net of these costs. It is induded when
the amount can be measured reliably. Interest income is recognised using the effective interest method and
dividend income is recognised as the chanty's right lo re￿1ve payment is established.
(dl
Expenditure recognition
All expendilure 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
make payments to Ihird parlies. il is probable that the settlement will be required and Ihe amount of the
obligation can be measured reliably. It is ￿tegOrised under the following headings..
Costs of raising funds
Expenditure on charitable activities
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Grants payable lo third parties are within the charitable objectives. whe￿ unconditional grants are offered,
this is accrued as soon as the reupient is notified of the grant, as this gives rise lo a reasonable expectation
that the recipient will receive the grants. Where grants are conditional relating to performance then the grant IS
only accrued when any unfvlfilled condrtions are outside of the control of the charity.
(el
Support costs allocation
Supporl costs are those thal assist the work of the charity but do nol directly represent charitable activities and
indude office costs. governance costs, administrative and payroll costs.
They are incurred directly in support of expenditure on the objeds of the charity. Where support costs cannot
be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure
on charitsble activities on a basis consistent with use of the resour￿$.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of
disseminating infomiation in support of the charitable activities.
The analysis of these costs is induded in note 3.
Page 16

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 December 2024
Summary of significant accounting policies (continued)
(fj
Fixed Asset Investments
Investments are a fomi of basic financial instrument and are initially recognised at their transaction value and
subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.
The stalement of financial activities includes the net gains and losses arising on revaluation and disposals
throughout the year.
The Trust does not acquire put options, derivats'ves or other complex financial inslruments.
The main form of financial risk faced by the charity is that of volatilty in equity markets and investment
markets due to wider economic conditions. the attitude of investors to investment risk. and changes in
sentimenl concerning equities and within particular setxors or sub seclors.
Realised gains and losses
All gains and losses are taken to the Statement of Finanaal Activities as they arise. Realised gains and losses
on investments are calculated as the difference betsveen sales proceeds and their opening carrying value or
their purchase value if acquired subsequent to the first day of the financial year.
Unrealised gains and losses are calculated as the differen￿ betsveen the fair value at the year end and their
carrying value.
(gl
Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and re￿1vable or payable within one year are recorded at
transaction price. Any losses arising from impaimienl are recognised in expenditure.
(h) Cash at bank
Cash al bank in hand includes cash and short-tem highly liquid investments with a short malurity of three
months or less from the date of acquisitj'on or opening of the deposit or similar a￿unt.
Tax
The charity meets the definits'on of a charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph 1 Schedule 6 Finan￿ Act 2010 and therefore it meets the
definilion of a charttable company for UK corporation tax purposes.
Incoming Resources
2024
2023
Unrestricted
Donations and legacies
Donations in kind (Note 3)
35,755
96,992
87.559
132,747
87,559
Restricted
Donations and legacies
Fundraising activities
Income from investments
155.104
121
45.281
354.633
93
32.756
200,506
387,482
Endowment
Donations and legacies
Income from investments
5.102
55,215
25,731
5,102
80,946
Totsl income
338,355
555,987
Page 17

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 December 2024
Resources expended
Charitable
Activities
Governance
2024
Totsl
2023
Totsl
Grants awarded
Assisted Pla￿S
Support Cosls
320.790
88.292
409,082
320,790
96,992
417,782
297,990
87.559
385,549
8,700
8,529
Of the above costs, £96,992 {2023". £87,559) were attributable to unrestricted funds and £320,790 (2023..
£297,990) were attributable to restricted funds.
The Assisted Places Fund has beneffted a total of 22 girls {2023'. 23 girls) girls during the year.
No Trustee has received any remuneration or has been reimbursed for any expenses. The Trust has no
employees- all administration is carried out by employees of The Schools of King Edward the Sixth in
Birmingham. These amounts are shown as support costs and are made up as follows..
2024
2023
Salaries
Communications and mailings
Database maintenan
Event expenses
offi￿ supplies
Subscriptions and memberships
Audit and tax fees
Legal fees
Bank and general fees
61,927
6,021
10,372
5,160
111
1,047
8,700
3,500
154
96,992
54,168
9,159
8,102
5,994
220
170
8,529
1,226
87,559
Fixed Asset Investments
2024
2023
Movement in fixed asset investments
Markel value as at 1 January 2024
Add..
Additions to investments at o)st
Net loss on revaluation
Less=
Disposals at carrying value
1.524.959
1,577,639
1,190,753
(29,403)
(73,750)
1,214,030
Markel value as at 31 December 2024
1.451.209
1,524,959
2024
2023
Inveslments at market value comprised:
Global Funds
1,451,209
1,524,959
1,451,209
1,524,959
Page 18

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 December 2024
Fixed Asset Investments (continued)
Material investments with a market value of over 5 % of the total market value of investments are as follows=
2024
2023
Charity Assets Trust C Acc
1.451.209
1,524,959
All investments are carried at Iheir fair value. Investment in equities and fixed interest securities are all traded
in quoted markets, primarily the London Stod( Exchange.Holdings in common investment funds. unit trusts
and open*nded investment companies are at the bid price. The basis of fair value for quoted investmenls is
equivalent to the market value, using the bid pri￿. Asset sales and purchases are recognised at the date of
trade at cost (that is their transaclion value).
World stock markets continue to be affected by a combination of domestic and global factors. This is
exemplified by the portfolio valuation as at 31 March 2025 having a 3 month total return of 4.30/0.
Ruffer LLP manages the Twsl's investments and advises the Trustees on the market outlook, potential risks,
investments trends and yield and the prospect for future capital growth.
Ruffer follows the same approach across all of the accounts. constnjcting portfolios to preserve capital and
deliver a retum ahead of the risk-free altemative. On this basis Ruffer considers all of Iheir clienls to be
medium risk.
Cash at bank
2024
2023
Revenue account
1,162,455
1,011,943
1,162,455
1,011.943
Debtors
2024
2023
other debtors
11.402
347.023
other debtors from 2015 to 2023, include a legacy of £333.604 which was received during 2024.
Creditors: amounts falling due within one year
2024
2023
Accruals
Other creditors
8,700
1.993
8,160
108.216
10,693
116.376
Page 19

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co m
L)
r£<<0

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 December 2024
Funds (continued)
Assisted Places Fund
This fund is used to support either full-fee or part-fee Assisted Places for girls who are academicalty able lo
attend The School but whose parents are unable to afford the school fees. The money re￿iVed into this fund
is normally used as expendable income.
Assisted Places Support Fund
This fund is used to provide pupils on Assisted Pla￿S with additional support for their education, for example
by funding music lessons or school trips. The money re￿iVed into this fund is nom)ally used as expendable
income.
Design Centre Fund
This fund is used lo support the upgrading of Ihis building which was refurblished and extended and opened in
2023. These upgrades ensure the best leaming enviroment is created. The money recieved into this fund is
expendable income.
Endowment Funds
Miss Davis Fund
These funds represent an endowment gift made to the Trust as part of a legacy benefaction from Miss
Margaret Davis. This is a restricted fund to be applied by the Trustees for the provision of a scholarship for the
benefit of a musician. The interest and investment income generated is then spent on the purpose for which
the gift was made. The Trustees will. in general, seek to maintain the capilal and, Ihrough prudent inveslment
management, increase it with the aim of keeping Pa￿ with inflation or, in the case of Assisted Places, the
inllation in school fees.
The Binningham Girls. Old Edwardian Club
These funds represent investments transferred to The King Edward Vl High School for Girls Bimiingham Trust
from the Bimingham Girls. Old Edwardian Club. The Trustees have t￿ated Ihese funds as Permanent
Endowments. The deed of transfer makes referen￿ to the possibility of expending these funds if necessary.,
this decision is at the discretion of the Trustees.
Page 22

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 December 2024
Net current
assets
Net assets of the funds
Investments
Total
The charity's net assets belong to Ihe various funds as follows..
31 December 2024
Unreslricled funds
35.755
993,131
134,277
35,755
993,131
1,585,486
Restricted funds
Endowment funds
1.451,209
1,451,209
1,162,163
2,614,372
31 December 2023
Restricted funds
1,113.415
129 175
1,113,415
1654 134
Endowment fijnds
1524 959
1.524,959
1,242,590
2,767,549
10
Related parties
The administration duties of the Trust are carried out by employees of The Schools of King Edward the Sixth
in Bimingham. The Schools of King Edward the Sixth in Bimiingham also reimburse the Trust for
administration costs. During the period. adminislralion costs of £96.992 (2023.. £87,559) were incurred by The
Schools of King Edward the Sixth in Bimingham on behalf ofthe Trust and are reflected as a donation in kind
in these a¢xounts.
Mrs C Hosty is a Governor of the Independent Schools Governing Body of the Schools of King Edward the
Sixth. Mrs A Duffy and Mrs G Stanley. both Trustees of Ihe charity. are Chairman and Committee Member of
the Birmingham Gids, Old Edwardian Club. Mrs K von Malaisé, a Trustee of the charity, is Principal of the
School and President of the Birmingham Girls. Old Edwardian Club. An amount of £57 is due from the Club at
year end {2023.' £57).
Mrs JA Dyke is also a trustee of The Limoges Charitable Trust {RCN.' 1016178), which donated £2,500 in
2024.
Donations to the trust from Trustees during the year V￿re as follows:
Mrs G Stanley
100
Page 23

THE KING EDWARD VI HIGH SCHOOL FOR GIRLS BIRMINGHAM TRUST
NOTES TO THE ACCOUNTS
for the year ended 31 December 2024
11
Commitments
At 31 December 2024, the Trust committed to funding 19 girls on Assisted Places (2023.. 21)- The
estimated total ￿st of funding these pupils from Spring Tem 2025 to the end of their education at the school is
£1,117,119. Previously, one further pupil's family no longer mel the ¢Jtteria for assistan￿ under Ihe rules of the
means testing scheme, however the Trust remains commttied to providing finanaal support in the fijture should any
improvement in finanaal ¢irCumslan￿S reverse. In addibon. the Trustees have cx)mmitted lo funding 3 full fee
equivalent pla￿s, starting in September 2025 and offers have been made to prOS￿1ve pupils wth a total future
commitment value of £145,433 pupil.
Of this commitment. £180,000 will be met by the donations made under Deeds of Gift entered into by
individuals who are sponsoring specific Assisted Places. As at 31 December 2024, the Trust holds assets
to the value of £1,252,260 on the Restricted Fund for the purpose of meeting the cost of providing Assisted
Pla￿$.
In addition, on an annual basis. the Trust expects to receive regular income from Ihree sources (based on
recent averages).. income from regular giving of £36,000. income from its investments of at least £11,000,
and gift aid of al least £7,(￿0. The Trust assumes that this level of regular income can be relied on for at leasl
3 years.
Where there is a surplus of income, this will be used to fund fvrther Assisted Places for fulure years.
12
Reconciliation of net income to net cash flow from operating activities
2024
2023
Net movement in funds
(153.177)
21.833
Income from investment portfolio
Gains on inveslments
(45,281)
73,750
335,621
(58,487)
145,102
(22.893)
3,503
8,673
Decreasel(Increase) in debtors
Add back investment manager costs
{Decrease)Ilncrease in credilors
{105,682)
Net cash flow from operating activities
105,231
97,731
Page 24