**Charity number: 311280** 

## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

**TRUSTEE'S REPORT AND CONSOLIDATED FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 AUGUST 2025** 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **CONTENTS** 

||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustee and Advisers**|1 - 2|
|**Report of the Trustee**|3 - 23|
|**Independent Auditors' Report on the Financial Statements**|24 - 27|
|**Consolidated Statement of Financial Activities**|28|
|**Consolidated Balance Sheet**|29 - 30|
|**Charity Balance Sheet**|31 - 32|
|**Consolidated Statement of Cash Flows**|33|
|**Notes to the Financial Statements**|34 - 63|





## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEE AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025** 

**Council of Management** Dr A C Wood, OBE (Chairman) ** N Q Back Dr S C Bamber (Vice Chairman) (resigned 31 August 2025) ** The Very Reverend Dr A Braddock P J Henderson J M Hunter ** Ms. D G M Jarrold, MA Cantab ** H C Jourdain (resigned 31 August 2025) A R M Little, FRSA R S Moncrief The Reverend Canon A Platten N Puvanachandra Mrs. H Salmon Mrs. A Sarkar Roy J M D Schofield, LLB, FCA (resigned 2 October 2024) ** G S Smith D W Talbot, FCA Mr. J Wells Mrs. D A Willmott Dr D F Wood MA, MD, FRCP (resigned 21 March 2025) Miss T J Yates, BA Professor K H Yeoman (resigned 31 August 2025) 

** Members of the Executive Sub-Committee. 

**Charity registered number** 311280 **Principal office** 71a The Close Norwich Norfolk NR1 4DD **Trustee** Norwich School (a company limited by guarantee) **Head** S D A Griffiths **Bursar** C J P Evans **Assistant Bursar** N M Reynolds **Senior Leadership Team** The Head, the Bursar and: Mrs. N A Fairweather BA - Principal Deputy Head Dr R Clark BSc, PhD - Deputy Head (Co-Curriculum) Dr D N Farr BA, PhD, FRHS - Deputy Head (Director of Studies) J K Ingham BA - Master of the Lower School Mrs. N J Hill BSc - Assistant Head (Admissions, Marketing & Partnerships) A Rowlandson BA - Assistant Head (Staff Development) 

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**KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEE AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

**Independent auditors** Larking Gowen LLP Chartered Accountants 1st Floor, Prospect House Rouen Road Norwich NR1 1RE **Bankers** Barclays Bank PLC 3 St James Court Whitefriars Norwich NR3 1RJ CCLA 85 Queen Victoria Street London EC4V 4ET **Solicitors** Mills & Reeve LLP 1 St James Court Whitefriars Norwich NR3 1RU Farrer & Co LLP 66 Lincoln's Inn Fields London WC2A 3LH **Investment advisers** Barratt & Cooke Limited 5/6 Opie Street Norwich NR1 3DW 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 AUGUST 2025** 

## **ETHOS & AIMS** 

A lifelong love of learning is at the heart of the holistic educational journey for each Norwich School pupil. The wider Norwich School family of staff, parents, alumni, and other supporters work together to nurture our young people, both in Cathedral Close and beyond. 

Education has been associated with Norwich Cathedral and Christian principles since its earliest beginnings at the end of the 11th century. Set in The Close at the heart of our city, Norwich School is the proud 21st century heir to this tradition. 

As the leading school of any type in East Anglia and one of the best co-educational day schools in the United Kingdom, our outstanding all-round practice blends tradition and innovation to serve the short and long-term interests of every pupil. Our community’s daily activities and relationships are nurtured by the guiding concepts of inclusion, love and compassion. We have a restless ambition for self-improvement at the forefront of pedagogical innovation in local, national and international contexts; a beacon in the East of educational excellence. 

The schools aim to: 

- Inspire young people to develop their curiosity in intellectual, creative and practical spheres, establishing capacity for pupils to become reflective thinkers who are capable of handling complex concepts and articulate expression in varied media; 

- Establish a platform of rich and varied educational opportunity which enables every pupil to fulfil their unique potential; and 

- Create opportunities in leadership and service for all pupils, which will empower them to be ambitious forces for good in the wider community throughout their lives. 

## **OBJECTIVES & ACTIVITIES** 

The School met its main operational objectives during the 2024/25 academic year. 

Norwich School is a charity whose object is a purpose falling within section 3(1)b of the Charities Act 2011, namely the advancement of education. It is a purpose for the public benefit and is therefore a charitable purpose as defined in section 2(1)b of the Act. 

The School operates as an independent day school for boys and girls aged 4 to 18 years who are taught up to the age of 11 in the Lower School and thereafter in the Senior School. In the 2024/25 academic year, there were twenty-two international pupils in the Sixth Form. They are day pupils residing with local families through a homestay programme operated by Gabbitas Education, London. 

The second phase of works to 15 Upper King Street, which involved much-needed additional catering space on the lower ground floor and works to the top floor of the building including the roof terrace space, have now been completed. 

The new Lower School development (replacing the temporary classroom buildings with a permanent structure on the site of the former two-storey building) was completed at the end of August 2025 and is now fully operational. 

The campaign to bolster externally funded bursary provision at Norwich School continues to make excellent progress, meeting its target of funding five pupils over two years as part of the Norfolk Sixth Form Scholarship Scheme. 

The ‘Culture of Learning’ whole school vision for teaching and learning was launched during the year and continues to be embedded throughout all aspects of school life, now forming one of the main strands of the strategic development plan. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **REVIEW OF ACTIVITIES AND ACHIEVEMENTS** 

## **Indirect Benefits** 

The school offers indirect benefit to the wider community through the employment of 246 (2024: 241) full time equivalent staff and reduces the burden on the state sector by providing an education for 1,171 pupils (2024: 1,194). 

## **Teaching links** 

The School regularly collaborates with local state schools, academies, and other partner organisations to widen access to its own educational resources and to create a shared educational experience within its community. Examples of such activities are: 

- Norwich School supports teacher training and professional development for new teachers in the region by offering placements for PGCE student trainees, those completing the Early Career Framework and the apprenticeship route to QTS, as well as acting as an Independent Schools Teacher Induction Panel (ISTIP) regional training centre for newly qualified teachers. 

- The School is also one of six schools who have colleagues who plan and support the materials for the regional ISTIP group. 

- Supporting those exploring teaching careers. 

## **Sharing expertise** 

The School regularly shares the knowledge, skills, expertise and experience of its members of staff with other educational providers, such as state schools, colleges, academies and universities, through initiatives that have included the following: 

- The Norfolk Summer School - This is now well into its third decade. It aims to give young people support and boost their confidence enough to encourage them to aim high as they enter Year 13 at their own schools. This year we doubled the number of sign-ups from last year to 140 pupils applying from around Norfolk for three intensive days of small group seminars, lectures and visiting speakers offering seminar style sessions in twenty different subjects including Maths, English, French, Science, Psychology and Medicine. Pupils were also offered interview practice, help with their personal statement and the chance to meet speakers from the UK’s top universities. 

- Higher education support – the school continues to provide advice and support to local state schools to help them prepare their A level pupils for entry to university, including offering application support for Oxbridge candidates, delivering careers and university advice, and holding mock interviews. 

- The Ogden Teaching Fellow works in partnership with local schools and institutions and national organisations, including teachers from Norfolk primary and secondary schools, Norwich Cathedral, the UEA, the Institute of Physics and Isaac Physics, undertaking outreach work that has an impact across the county. 

- A number of local schools make use of Norwich School’s examiners for GCSE and A-Level language oral examinations, including Mandarin. 

- Our Head is a Governor at Ormiston Victory Academy, and seven members of the school staff sit on the governing boards of local primary and secondary schools, offering expertise and advice on key issues, such as marketing, safeguarding and finance. These are voluntary positions and help to share best practice across the region. 

- Additionally, fourteen other members of staff act as trustees on the boards of local charities. 

- Through the Swire Chinese Language Centre, the school acts as a hub in the region for teaching Mandarin to children in Norfolk. As a result, over 1,000 Norfolk pupils have been taught Mandarin by Norwich School Mandarin teachers and over 2,400 hours of teaching and learning have taken place in our Swire schools. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

- This year we became a regional hub for computer science as part of the Hg Foundation STEM Horizons three-year project. This involves a funded Computer Science Teacher working with five state secondary schools to improve uptake and results in GCSE Computer Science (also with a focus on the number of girls taking the subject). 

## **Supporting joint local initiatives** 

The School is heavily involved in the organisation of a number of joint academic and extra-curricular events that aim to boost learning opportunities for children across the region. These have included: 

## _Music_ 

- Cathedral Choristers; top line of Cathedral Choir; members of both Senior Boys and Senior Girls. 

- The annual _Be A Chorister_ day is open to boys and girls aged 6-11 for a fun day of music-making, when children can enjoy singing together as a group, take part in musical fun and games and sing in Norwich Cathedral alongside our Cathedral choristers. For parents there is the opportunity to find out about musical opportunities at Norwich Cathedral and Norwich School, ask questions about what is involved in the life of a chorister, hear about the new Cathedral Children’s Choir and meet current chorister parents. 

- _Making Musicians_ is a developmental arts enrichment programme for exceptional musical talent, which organises the performance of concerts around the city and involves pupils from both local schools and Norwich School. 

- Choral Society, which is open to keen singers in the city of all ages and gives regular performances including an annual concert with Norwich School’s Chapel Choir. 

- Acting as a delivery partner to the Norwich Music Hub, including pupil involvement in the Norfolk County Youth Orchestra and other county ensembles and support of the Chamber Choir. 

## _Arts_ 

- The Crypt Gallery hosts exhibitions during the year open to the public free of charge, partnering with the NUA, UEA, local state schools and charity initiatives in the process. 

## _Sport_ 

- Hosting the Marylebone Cricket Cub Norwich Hub – pupils aged 12-15 from local state schools regularly attend masterclasses and focus sessions in the Norwich school indoor cricket facilities. 

- Partnership with Norfolk Cricket to host state school competitions and representative matches. 

## _Other events_ 

- The school has hosted a series of interesting and informative lectures throughout the year on a wide range of subjects in partnership with the Norfolk Contemporary Arts Society, the Norfolk Cambridge Society, and the Royal Geographical Society for the East of England. 

- The Conversation Café is a partnership between Norwich School and English+ which aims to help new arrivals in Norwich improve their spoken English with native speakers and meets weekly at the school throughout the year. Supported by L6 and U6 pupils, the café not only welcomes guests from Ukraine, but also Hong Kong, Japan, Georgia, Iraq and Romania, encouraging visitors to find out more about and discuss a range of topics including the delights of British pub culture, English weather, Shakespeare, job hunting and sport. 

- Both the Chapel and the Air Raid Shelter were opened to the public as part of the long-standing national Heritage Open Day scheme. The Chapel was open for multiple drop-ins, whilst the air raid shelter was open for six sell-out sessions for small groups of visitors. 

- The 4th Intergenerational Sports Day was held in June, which involved care home residents from multiple local care homes, Friend in Deed, our own Year 12 pupils from Norwich School, Year 7/8 pupils from Framingham Earl High and Year 3/4 pupils from Firside Junior School. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

- The Laurie Herring Prize, in memory of Norwich School pupil Laurie Herring and run in partnership with St Martins Housing Trust, continues to be a firm fixture in the calendar, inviting 11- to 18-year-olds from any school in Norfolk to submit a critical review of something they have consumed. The Awards Ceremony was held at the Dragon Hall (the Centre of Creative Writing in Norwich) and saw an excellent number of individuals awarded with prizes and where words 'surprised and delighted, provoked and entertained'. 

- In April the school hosted the 2025 Annual Norfolk Primary Maths Challenges, welcoming 25 schools from all over Norfolk who entered up to two pairs (each with two pupils) to complete as many maths questions as they could throughout the morning. This year there was a record number of teams entered for both the Year 5 and Year 6 competitions. 

## **Community access** 

Norwich School is very much part of the wider community and is happy to share its educational facilities with the community where appropriate. The following local schools and organisations have used the School’s facilities through the year: 

- City College Norwich – use of the school’s examination set-up to deliver a range of examined language options. 

- Norwich School is an Open Examination Centre open to home-educated, mature, foreign, and other students to use its facilities for iGCSE, GCSE, GCE and university entrance examinations with over 200 candidates a year. 

- The school sponsors and hosts a number of events as part of the Science, Autumn and History Festival. 

## **Community service** 

Norwich School pupils take part in an extensive community service programme, with the aims of making a meaningful contribution to the wider community and equipping pupils for a lifetime of leadership and service. This cornerstone of the Sixth Form curriculum continues to go from strength to strength, with 149 pupils undertaking volunteering within forty-three groups, including academic mentoring, English+, the Conversation Café, school allotment and music outreach. Pupils were also able to work with one of fifteen external organisations, including Special Olympics Norfolk, Snowsports Adaptive Ski, Kixx football coaching, and Vision Norfolk. 

We hosted a successful phonics training session delivered by Norfolk Reading Project and for the first time welcomed pupils from Thetford Grammar who shared this training so that they too could assist in primary schools. A previous link with Lakenham Primary was reforged, where our pupils enjoyed supporting reading with KS1. New this year, we worked with the Great Hospital making connections between tutor groups and residents playing games together. Last year we introduced WoLLoW (World of Languages and Languages of the World), with pupils going out to schools such as Magdalen Gates and West Earlham Junior School to engage pupils in language learning and this year two pupils expanded on this by planning, creating and delivering a three lesson rotation to Years 4-6. 

The Lower School U3 Service Award was this year redesigned into the new Virtues Award to reflect the school’s refreshed focus on core virtues, and a vibrant exhibition was held at the Lower School in June.  Pupils embraced the opportunity with real enthusiasm, transforming the hall into a hub of creativity and intellect, with posters, experiments, collections of curiosities, and engaging presentations. 

Each class took a turn standing by their exhibits, while their peers moved around the room asking questions, exploring ideas, and discovering new and fascinating facts. Topics ranged from crystal growth and atomic structure to the mechanics behind video game design and coding. Other highlights included models of WWII Anderson shelters and thought-provoking investigations into graffiti as art and social commentary. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Pupil numbers and fees** 

The principal source of the School’s income is school fees. The average number of pupils in the School was 1,171 (2024: 1,194). 

School fees for the year before the deduction of any means-tested bursaries and scholarships were: 

_Michaelmas Term_ : Pre-Prep: £4,810 / term (including lunches) Lower School: £6,463 / term (excluding lunches) Senior School: £7,091 / term (excluding lunches) Sixth Form International/BNO: £9,126 (including lunches) 

_Lent/Trinity Terms:_ Pre-Prep: £5,388 / term (including lunches, £4,490 plus VAT) Lower School: £7,242 / term (excluding lunches, £6,035 plus VAT) Senior School: £7,944 / term (excluding lunches, £6,620 plus VAT) Sixth Form International/BNO: £9,918 / term (excluding lunches, £8,265 plus VAT) 

## **Academic** 

There was a strong set of A Level results this year. The cohort of 177 U6 candidates achieved 24% of grades at A*; 52% of grades at A*-A; 82% of grades at A*-B; 94% of grades at A*-C; and 100% at A*-E.  Outstanding individual performances included five candidates with four A*, sixteen candidates with three A* or more, and 54 candidates with three As or more.  These results have enabled positive next steps, with 80% of leavers securing their first choice onward route and over 96% achieving their first or second choice. 

The GCSE results for 2025 were also pleasing.  From the cohort of 132 candidates, overall percentages were 29% at grade 9, 54% at grades 9-8 (A*), 74% at grades 9-7 (A*-A), and 88% at grades 9-6 (A*-B), with a 98% overall pass-rate (grades 9-4).  Outstanding individual performances included four candidates with eleven 9 grades or better, ten candidates with ten 9 grades or better, and thirty-five candidates with at least nine grades 8 or 9. 

In Biology L6 pupils gained twelve medal-winning positions in the Intermediate Biology Olympiad in the Cambridge Biology challenge.  Pupils have also benefited from access to new laboratory equipment to extend their practical work on genetics in Upper 6.  The Chemistry Department had a remarkable year, with students excelling in national competitions and embracing a wide range of enrichment opportunities.  In the Royal Society of Chemistry Olympiad, nineteen Sixth Formers tackled an exceptionally challenging paper, earning seven bronze, ten silver, and two gold awards. One L6 student achieved golds in both the Olympiad and the Cambridge Chemistry Challenge—a terrific achievement.  The “Norwich Nucleophiles” team performed admirably at the Cambridge Chemistry Race, solving complex problems on topics like explosives and bioluminescence, and thirty-seven L6 pupils showcased their practical skills in the RSC Schools Analyst Competition, producing high-quality titrations and navigating intricate calculations.  Twenty pupils also took on the Cambridge Chemistry Challenge, earning six copper, eight silver, and three gold awards for their efforts on university-level problems involving isomers, spectroscopy, and boron chemistry.  There was record pupil participation in the annual Physics Olympiad competitions across a range of year groups, with all pupils achieving excellent results.  In March 2025, thirty-nine U6 pupils visited Sizewell B Nuclear Power Station and learned about the practical application of physics and engineering theory to the nuclear industry. 

Norwich School was proud to hold the inaugural English Symposium this year, which aimed to give GCSE pupils additional preparation for their upcoming exams and to inspire a new generation to study English after GCSE. The audience comprised schools from across the region, with nearly 300 pupils, and they were joined by Jeremy Noel-Tod, the Sunday Times poetry critic and UEA professor at the School of Literature, UEA, and Giles Foden, author of _The Last King of Scotland_ and professor of English Literature at UEA. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

In November, over 250 school children from ten schools across the region gathered at The Space in Norwich for the annual Norfolk Maths Symposium.  Since its foundation in 2016 the Maths Symposium has welcomed approximately 2,500 pupils and some incredible speakers from Norfolk and beyond.  The school was grateful to receive support from several donors including the Norwich Freemen's Charity, the Educational Foundation of Alderman John Norman, the C L Hill and Lady Hind Trusts, the John Jarrold Trust, the Paul Bassham Trust and the Norfolk Cambridge Society. This generosity enabled the symposium to be free for attendees.   Pupils were treated to a lecture on probability and risk from Alison Kiddle, a fascinating explanation of the Lorenz WWII code-breaking machine and what it has in common with a Taylor Swift CD from James Grime, and Zoe Elliott’s demonstrations of moebious loops and beautiful (mathematical) smoke rings. 

The Independent Project remains an enriching aspect of the Sixth Form curriculum at Norwich School.  All L6 pupils complete an extended academic study or creative project in a topic or medium of their choice, which gives them the opportunity to explore their interests outside the classroom, and to build skills that will be highly valuable in higher education and beyond.  As always, the breadth and variety of the projects that the pupils pursued was impressive, with topics spanning the creative arts and humanities, as well as the social and physical sciences.  At the presentation evening in October twenty-four pupils delivered talks on their projects, including topics as diverse as the future of the NHS, the 1984-5 UK miners’ strike, the impact of depression on cardiac health, ocean acidification and the media portrayal of the Krays, leading to meaningful discussions and interactions between pupils and audience members. 

A particular highlight of the school year was the emergence of a lively and enthusiastic group of Junior debaters. They participated in several excellent in-school debates and gained their first experience of external competition, including a strong showing in the Rotary Club’s Youth Speaks competition, winning the local heat with a discussion on the importance of creativity in education and earning a place in the district finals which took place in the impressive surroundings of County Hall’s debating chamber. Although the team faced tough opposition from older and more experienced competitors and did not advance to the final stage, their performance was a real credit to the school. 

The school once again welcomed business guests from the community to our regular Business Breakfasts. Kicking off the new season was Anja Carter who asked our pupils to think about their personal and professional presentation to prospective mentors and employers. This was followed later in the term with talks on architecture from ON Jonathan Mawer and on software engineering from James Livesy, also an ON who is currently a BBC apprentice.  There was a talk on finance from Rebecca Penny who came into school to tell us about her long career in finance, debunking some old-fashioned views of what an advisor looks like and what they do, and a fitting finale for the season was a visit from a rocket scientist, ON Rachel Wright, Fluid Systems Engineer at Orbex. 

The new building at Upper King Street proved the perfect new home for the annual Careers & Networking Event in March. We were fortunate, as ever, to host professionals from across a wide range of industries. From creatives and designers to scientific researchers, pupils were able to meet and chat, ask questions, learn about the opportunities and qualification pathways, and arrange work experience placements and summer internships. 

The Model United Nations Society is in its tenth year and allows pupils to research and understand global issues by playing the role of diplomat and building common approaches with others who may disagree. There were delegations to three conferences: Wycombe Model UN (WASAMUN), Wycombe Model Arctic Council (WYCOMAC) and Haileybury Model UN (HMUN).  Throughout the year, pupils excelled, with one pupil being recognised for her outstanding work at all three conferences. 

For the ninth year, Norwich School hosted the world’s only stand-alone Model Arctic Council for schools, the Norwich Model Arctic Council (NORMAC), in collaboration with Polar Aspect. This involved over fifty pupils from six schools coming together for this unique and innovative simulation of the real-world Arctic Council, dedicated to international cooperation in the Arctic, one of the most fascinating, fast-changing and important regions on the planet. It takes all decisions by consensus, so NORMAC delegates must find common solutions to controversial issues – a valuable skill to learn in today’s partisan political climate.  NORMAC 9 involved three days of intense diplomacy and glittering social events, including a formal dinner at the Assembly House. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

Delegates were successful at reaching diplomatic consensus on the issue of the Last Ice Area but not on the issue of renewable-energy development in the Arctic. Even so, dealing constructively with disagreement provides valuable life lessons.  Delegates benefitted from the guidance of NORMAC Director and Norwich School teacher Dr AN Speca, as well as Mr John Virgoe, NORMAC 9 Honorary Chair, career diplomat and former British High Commissioner to Brunei.  NORMAC is a unique event that has won praise from real ambassadors as well as the Arctic Council itself. 

The Erpingham Society is Norwich School’s academic society for pupils from U5, L6 and U6. It enables pupils from all disciplines to provide in-depth presentations on a range of subjects with intellectually stimulating themes followed by interdisciplinary discussion.  Highlights from this year have included: 

- The Illusion of Choice – Free Will vs Determinism, 

- The UK's Roadblocks to Net Zero – Pledges to Promises 

- The Impact of Soviet Censorship on Russian Classical Music 

- The Transfer of Memory – A Medical Phenomenon 

The Erpingham Society also produces _The Longbow_ , a journal echoing this interdisciplinary ethos; this year’s edition included highlights and discussion points from Erpingham talks, Independent Projects and academic essays covering STEMM, Classics, Politics, Language, Art and more. 

The Ethelbert Society allows pupils from L4, U4 and L5 the opportunity to speak about subjects which interest them, learn about new topics from their peers, and gain valuable skills in research, public speaking and debate, skills which can be carried forward into The Erpingham Society as pupils move up the school. This year there were weekly debates on a range of exciting and diverse topics, from the history of tea to an appraisal of Hokusai's Great Wave, the origins of writing, to Stuxnet! These presentations and research projects are distilled into the society’s annual journal, The Arrow. 

The Law Society, although small in number this year, was high in quality, with a dedicated team of senior pupils engaging in thoughtful discussion and analysis.  Although the national Mock Law Competition did not run this year, pupils turned their attention to exploring key areas of law and debating the moral and legal dimensions of several landmark historical cases. 

Toastmasters Club provides Sixth Form pupils with an opportunity to learn about and practice public speaking skills.  The meetings are run by pupils, for pupils, with different roles, requiring members to enhance their organisation and communication skills. This year, members were given guidance on aspects of public speaking such as delivering your message, responding confidently in the moment and the value of public speaking in future careers. The skills the pupils develop in this arena are not only important but also extremely powerful, and pupils were encouraged to use them responsibly in a world often divided by the spoken word. 

Now in its second year, the Wellington Society is the school’s pioneering forum for geopolitical discussion, and continues its dedication to engaging U5 and Sixth Form pupils with the pressing geopolitical issues shaping our world.  Building on last year’s strong foundation, the society offered members the chance to explore underreported issues and emerging global trends. This year’s meetings featured thought-provoking presentations, including _The Malacca Dilemma_ , which explored strategic maritime challenges in Southeast Asia, and _The Global Impacts of Economic Crises on Minority Groups_ , fostering discussion on the far-reaching effects of economic instability.  This society’s commitment to fostering informed, analytical debate ensures that our pupils are better equipped to understand and interpret the complexities of a rapidly evolving world and offers them the chance to explore geopolitics as a potential pathway for further study or even a career. 

## **Art & Design** 

This academic year has seen Fine Art pupils engage in a rich and varied programme of creative exploration and artistic development across all year groups. Their enthusiasm, imagination, and growing technical skill have been evident in the wide range of work produced throughout the year.  In L4 pupils focused on strengthening their drawing skills through detailed still-life studies of everyday objects, food items, and packaging, learning to observe and record with greater precision and confidence.  Building on their strong 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

foundation in drawing from previous years, U4 pupils embarked on a creative journey exploring the theme of 'Buildings' and produced a vibrant series of dynamic and imaginative artworks. L5 students undertook an exciting 10-week project, culminating in striking abstract mixed-media collages and imaginative illustrated hybrid characters. Their creative journey was enriched by visits to the Norwich Castle Museum and a life drawing session. Other groups created comic-book inspired paintings, drawing inspiration from the work of artists such as Roy Lichtenstein and Robert Rauschenberg.  Both M5 and L6 pupils drew inspiration from a range of stimulating visits, including the sculpture collection surrounding Houghton Hall, and a research trip to IWM Duxford, where sketching and study informed their personal projects. These experiences provided valuable insight and creative momentum for their ongoing work.  At exam level, pupils are encouraged to work with increasing independence, and their work often reflects deeply personal themes and ideas. This year’s GCSE and U6 cohort demonstrated exceptional creativity, and their efforts were recognised in an end-of-year exhibition held in the Sixth Form studios within the Carter building. 

In 2D Design, pupils continue to excel in very different approaches across the specialism achieving one of the highest percentages of top grades.  Photographic pupils have made the most of the professional lighting studios to complete quality photoshoots and pupils can now develop black and white film in the department and experiment digitally with the results. Image manipulation is reaching unprecedented levels of creativity through Adobe Illustrator and other software such as Blender, whilst many others have continued to push the boundaries of the risograph printer and wooden type, as well as working with textiles, sculpture and embroidery techniques to produce installations for photography and a range of branding for t-shirts and fashion-based items for graphics. Some A level students are producing complete, fully illustrated books using the Surface studios and other forms of digital illustration.  Workshops with industry professionals in film and animation have also given pupils new insights and skills.  A number of ON’s have visited the school, working one to one with students interested in moving into the creative industries.  M5 and L6 both held interim public exhibitions, whilst U5 and U6 held their major end-of-year show as part of the Gather25 festival. 

3D Design welcomed their largest-ever cohorts in both GCSE and A-level, with four GCSE sets and three A- level sets. Pupils have been pushing creative boundaries across a wide range of mediums, from sculptural lighting and architectural models to innovative fashion, intricate silversmithing, furniture, and beyond.  U6 pupils earned places to study Architecture, Product Design, Fashion, and other 3D design-related subjects at prestigious institutions, with many receiving unconditional offers, a testament to their talent, ambition, and hard work.  This year’s projects were wonderfully adventurous and varied and spoke volumes about the breadth and depth of creativity our pupils have brought to life, showcasing everything from constructed textiles and wearable art to engineered solutions and complex sculptural forms.  Internal showcases were staged for U5, L6 and U6 pupils, with the latter forming part of Gather25.  Pupils gained first-hand exposure to world-class creative work through visits to, amongst others, the V&A and Somerset House’s Collect exhibition.  Our reputation for excellence continues to resonate far beyond Norwich. Staff have hosted numerous visiting heads of department and advised schools both locally and nationally on enhancing creative provision. At a time when many schools are seeing creative and practical subjects decline, this department stands as a proud exception—bucking the trend and giving pupils the creative, practical, innovative, and visual communication skills the future workforce needs. 

## **Co-curricular activities** 

Norwich School pupils have been involved in a wide range of co-curricular activities, which play an extensive part in delivering a truly rounded education. 

## _**Music**_ 

As ever, musical pursuits were plentiful throughout the year and of a very high standard. In the summer the Norwich School Choristers joined a Cathedral Choir tour of Paris and Normandy.  Sixteen pupils from both the Lower and Senior School sang in some of the most beautiful churches and cathedrals in France.  One highlight was the choir's appearances at the British Normandy Memorial in Ver-sur-Mer, where their performances of music commemorated and remembered the 22,442 servicemen and women who fell during the Battle of Normandy in 1944. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

The Chapel Choir had a busy Michaelmas term singing at the Trafalgar and Remembrance Services and the Senior School Carol Service at the end of term. A highpoint of this term is always the trip to London in October to sing at the Service of Thanksgiving for the Dyers’ Company.  The annual Michaelmas Concert showcased a wide variety of groups and styles, displaying the capabilities of the pupils and their music group leaders and provided a wonderful opportunity for performers of all year groups to join with family, staff and guests to put on a stellar show. 

Jazz Night 2025 took centre stage in March at Epic Studios. A true highlight of the school calendar, the evening showcased the incredible talent of our pupil musicians, with outstanding vocal performances and superb instrumentals from the Senior Jazz Band. 

With Norwich’s St John the Baptist Catholic Cathedral as its magnificent backdrop, the Norwich School Choral Society delighted a substantial and appreciative audience at its annual concert in March.  This choral event is a cultural highlight in Norwich’s flourishing creative arts scene and is unique in fostering some remarkable collaborations.  The Norwich School Choral Society (the school’s adult choir made up of alumni, friends, former parents and staff) performed together with the school’s multiple pupil choirs, creating a combined chorus in excess of 130 and spanning ages from thirteen to the over eighties.  Similarly, pupil instrumentalists were playing alongside the hugely experienced professional musicians of the Norwich Baroque ensemble, bringing together an orchestra of over thirty talented musicians, complete with rousing timpani.  All our young musicians acquitted themselves with great aplomb on the public stage, demonstrating the breadth and depth of musical talent within the school’s music department. 

Musical Theatre Nights returned to the Blake Studio early in 2025, and once again did not disappoint.  There was something for everyone with performances from musicals old and new, niche and well known. 

The Lower School continued their series of informal concerts for different year groups throughout the year, whilst the Chamber Choir had a busy year singing carols at Sowerbys open office Christmas event, for members of the charity, English+ in the Cathedral Hostry and at Abbeyfields care home as well as performing at the Priscilla Bacon Reflect & Remember service in the Cathedral.  The Michaelmas Concert at the Kings Centre was a spectacular evening filled with excitement, fun, and vibrant energy, showcasing the immense talent of the Lower School pupils. 

The Chamber Choir and Infant Choirs also joined several other schools for the Norfolk County Music Festival which is celebrating its 100 years this year.  L1 and U1 took to the stage at the Blake Studio to perform their rendition of the magical and enchanting musical production _Wiz Wham Alakazam_ to parents, grandparents and residents of The Great Hospital.  A packed audience gathered at the Kings Centre again to enjoy the Lower School Summer Concert, an evening filled with smiles, joy, and an impressive variety of musical performances showcasing all the school’s choirs and ensembles. 

The Infant Choirs, School Choir, and Chamber Choir came together in the summer to delight Abbeyfields residents again with a special summer performance, a true celebration of music and community, with children and residents sharing in the joy of live performance. 

## _**Performing Arts**_ 

The School offers a wide range of participation opportunities for all pupils in various forms of performing arts. 

## _Gather25_ 

Gather25, Norwich School’s vibrant three-week celebration of the creative and performing arts, was once again a resounding success, offering a rich and varied programme of inspiring events. Highlights ranged from a highenergy and unforgettable Bandfest to a dazzling student-led production of _School of Rock_ , a rousing Summer Concert at St Peter Mancroft Church, a witty reimagining of _Julius Caesar_ , and a moving Choral Vigil. The breadth of pupil talent was further showcased in the annual Art and Design Exhibition, and again at the Charity Fashion Show, where originality and flair from across Art, Design, Music, and Dance lit up the stage.  The festival reached a spectacular finale with Gala Night, as more than 250 pupils, from Lower School to U6, took 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

to the outdoor stage in a stunning display of music, dance, and theatre. With an audience of over 900, the evening stood as a powerful reminder of the creativity, imagination, and exceptional talent that define the Norwich School community - a celebration of talent, creativity and community spirit. 

## _Drama and Dance_ 

The Michaelmas term got off to a flying start for drama with L5 pupils creating bespoke Theatre in Education work for a younger audience, tackling themes of online bullying, road safety and friendships.   December saw M5 and L6 students present scripted extracts for the Winter Drama event and included in the repertoire this year were _How to disappear completely and never be found_ , extracts from _Girls Like That_ , _Blood Brothers_ , _Private Peaceful_ and _The Domino Effect_ .  This also allowed U6 the chance to try out their examination monologues with a live audience.  A talented company of musicians, actors and stage crew brought the beloved story of _Grease_ to the stage for the Senior School musical, with five sold out performances which had audience members smiling, cheering, and even singing along. 

During the Lent term, L4 took to the boards with class performances of _Charlie and the Chocolate Factory_ , _Ernie’s Incredible Illucinations_ , _The Burston School Strike_ and _I’m a God Get Me Out of Here_ over two nights to a busy Blake Studio audience. The examination year groups were also in performance with productions such as Duncan Macmillan’s _Every Brilliant Thing_ and GCSE performances from a range of genres and styles.  At the end of term, a brilliant cast of pupils from U5–U6 brought Laura Wade’s play _The Watsons_ to the Norwich Puppet Theatre stage.  The cast delivered Wade’s witty dialogue with confidence, navigating the twists and turns of the plot with enthusiasm. 

The first run of the independent project performances took place in the Trinity term, with varied and eclectic work that allowed the L6 pupils to bring out the best in their company including a superb and hilarious production of John Godber’s _Teechers_ and a stunning piece of dance theatre _Voices from Mariupol_ , capturing the spirit of a community devastated by war but determined to rise again. L5 presented their performance company pieces: _Bright Young Things_ , _Jump for Your Life_ , _A Monster Calls_ and _Confusions_ . 

Gather25 included the _Scholars’ Play_ , Dennis Kelly’s hard-hitting _DNA_ , along with outdoor theatre and a creative conceptual interpretation of Shakespeare’s _Julius Ceasar_ , and the Juniors exhilarating stage adaptation of _School of Rock_ , a pupil led IP project. 

The opportunities for performance whether onstage, as a director or as a creator, remain a beacon of excellence with pupils continuing to have success in gaining places at prestigious conservatoires such as Birmingham, Bird College, Italia Conti and Stella Mann for onward professional training. 

Dance continues to thrive as a highly popular academic and co-curricular activity, engaging a large number of pupils through lessons, clubs, sports options, and participation in shows and competitions. With a range of weekly clubs regularly involving seventy pupils, the enthusiasm for this art form is unmistakable. From the Junior and Senior Dance Companies, who excelled in top five positions once again at the Great Big Dance Off finals, to Impulse Fourth Form Dance and Boys Dance, there is something for everybody to get involved with. Pupils showcased their talent in a variety of performances, including the new Choreography Competition, where pupils demonstrated their creative flair in front of a professional judging panel. 

Staples of the dance calendar, including the Senior Dance Festival, appearances at the Royal Norfolk Show, and significant and impressive contributions at both the Norwich School Charity Fashion Show and the sell-out Gala Night 2025 continued to represent the wealth of performance talent at the school.  Academic dance took further steps in becoming an established and valued part of the curriculum, with Fourth Form pupils adding dance to their PE rotation, and GCSE pupils pushing the standards to new heights with their exceptional performance and choreographic work.  The Sixth Form Independent Project was a focal point for dance this year, with a range of projects from competition pieces and dance films, through to a fully realised dance show further platforming pupils’ talent and dedication to the specialism. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

The Lower School again showcased what a wide variety of talented performers there are at all levels throughout the school.  The Junior Play was _Treasure Island_ , a spirited re-telling of the classic story that took audiences on a journey filled with comedy and suspense.  Lower School dancers also had the opportunity to take part in a workshop with the Northern Ballet, focusing on enhancing ballet technique and skills.  The drama club pupils performed a creative adaptation of Grimm’s Fairy Tales, captivating the audience with their storytelling skills and dramatic flair.  The Second Form’s production of _Jack and the Beanstalk_ was a wonderfully entertaining show.  Audiences were treated to not one, but two fun-filled evenings of laughter, charm, and just the right amount of chaos in the best possible way.  The Lower School Dance Company achieved an impressive fourth place in the national final of the Great Big Dance Off, a prestigious national dance competition.  U3 pupils delivered a truly magical performance of Mary Poppins Jr, captivating the audience with their brilliant acting, singing, and dancing, and L3 performed a fantastic and unique exploration of the English language through their performances of _A Midsummer Night’s Dream_ , _Macbeth_ , and _Romeo and Juliet_ . 

## _**Sport**_ 

A full programme of fixtures across a wide range of sports took place throughout the year. 

The school celebrated the “Double-Triple" after winning the U14, U16 and U18 County Championships in both netball and rugby.  In rugby, the U16As had an exceptional year, finishing unbeaten with seven wins and two draws, and claiming the County Cup without conceding a single point.  The 1st VII netball team are one of the strongest the school has ever had.  As an U19 squad, they won 17 of 21 matches, finishing third at the England Netball Regional Finals and qualifying as County Champions. They then went unbeaten in their regular season, with thirteen wins from thirteen matches. 

The Lent Term was another exceptional one for boys’ hockey at Norwich School, with over 270 pupils proudly representing the school across the Junior, Inters, and Senior programmes.  In the England Hockey Tier 1 Championships, the 1st XI team went unbeaten in the group stage, recording five wins and two draws against top opposition. Their impressive run came to an end in the quarter finals, where they were narrowly defeated by eventual champions Whitgift.  In the Independent Schools Hockey Cup, the side again reached the quarter finals, losing only after a tense penalty shootout. Over the course of seventeen matches, the 1st XI achieved eleven wins, four draws, and just two losses while scoring an impressive fifty-nine goals.  In girls’ hockey, the 1st XI enjoyed an outstanding season, reaching the third round of both the Independent Schools Cup and England Hockey Tier 2 Cup.  Across twenty-two matches, they secured thirteen wins and scored forty-six goals. 

In cricket, the 2025 season was the most successful yet for the girls’ 1st XI, with seven wins from nine matches, and the boys’ 1st XI delivered standout wins against Gresham’s (home and away), The Perse, and Framlingham. 

In rowing the 1st VIII became the first Norwich School crew ever to enter both Henley Women’s Regatta and Henley Royal Regatta. With seven of the crew still eligible for Junior competition for two more years, this experience provides a strong platform for future success.  Four pupils competed in Pairs at the GB J16 Trials, finishing fourth and fifth in the A Final and narrowly missing selection - an impressive achievement that sets them up well for next year. Another pupil successfully trialed for the GB U19 Eight in early summer and went on to win gold at the World Championships, a remarkable accomplishment and a proud moment for Norwich School Boat Club. 

Beyond the main sports, there were some notable achievements in a range of other activities. A L5 pupil became England Champion in her first national outdoor multi-event athletics competition at the Alexander Stadium in Birmingham. A L6 pupil represented England U18s rugby in the 2025 U18 International Series in South Africa this summer and in skiing, the boys team retained their title as national champions for a second year. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Beyond the Classroom** 

Norwich School continues to be committed to its Equity, Diversity and Inclusion (EDI) journey. Pupil-led societies have thrived, celebrating a diverse range of social and cultural identities. We have worked alongside organisations such as the LGBT+ project and the African Caribbean Education Network to enrich every pupil’s experience of school life.  We have also continued to host the Norfolk PSHE and EDI forum, which welcomed a range of Norfolk schools to hear from Mental Health Educator Satveer Nijjar, to explore how we can better support and teach about mental health in schools. 

The Norwich School Feminist Society (FemSoc) has had an impactful year, once again arranging the Reclaim the Night Vigil, held in the Cathedral Close.  This year the event featured a march through the Close, emphasising the issue of safety for women walking home at night.  Pupils created powerful placards, and moving readings and poetry were shared by pupils and teachers alike. The Feminist Society also delivered an International Women’s Day Quiz to the whole school on Microsoft Teams, engaging the wider school body in discussions surrounding feminism and women’s achievements. More generally the group continues to provide the opportunity for pupils across the school to connect and discuss issues related to equality and women’s rights. 

The Neurodiversity Group continues to foster a sense of community and understanding, celebrating neurodivergent identities. Through school-wide awareness initiatives and discussions, the group promotes a culture of acceptance. They played an active role in the One Norwich School Day Fair, running a stall that celebrated the unique strengths of neurodivergence. The group also helped to celebrate Neurodiversity Celebration Week, developing a video that shares the experiences of and celebrates neurodivergent pupils and staff. 

One Norwich School Day in October was a celebration of community spirit.  The week included a whole school Just Dance Party, a Black History Month Scavenger hunt, five-a-side football and the annual One Norwich School Day Fair. This featured stalls from the Pride Group, Feminist Society, Neurodiversity Group, REACH Society, Earth Watch, BSL Club, Amnesty Group and the pastoral prefects, with live music from pupils helping to bring a celebratory, community focused energy to the event. Additionally, tutor time focused on ‘The Power of a Name,’ with pupils completing a phonetic name pronunciation exercise. It was a week filled with community kindness and activities aimed at promoting mental wellbeing, diversity and inclusion. 

The Pride Group at Norwich School provides an important, inclusive space for LGBTQ+ pupils and allies. Through meaningful discussions and advocacy, the group proudly promotes LGBTQ+ visibility and support. Their participation in One Norwich School Day encouraged pupils to show visible allyship to the LGBTQ+ community by creating friendship bracelets. Additionally, the group played a key role in developing resources for Pride Month and LGBTQ+ History Month, hosting Heartstopper watch parties and developing an LGBTQ+ History month trail across the school. 

The Norwich School REACH (Race, Ethnicity and Cultural Heritage) society had a busy year developing a Norwich School World Cookbook and working with pastoral staff to improve reporting mechanisms for pupils. The group consulted on current mechanisms and worked to develop a more user-friendly approach to anonymous reporting mechanisms such as Whisper. The World Cookbook has taken submissions from across both the Senior and Lower School, showcasing the rich cultural diversity of Norwich School through food. The book is currently being developed as a digital cookbook, and there are hopes to create a physical copy available to purchase next academic year. 

It has been another bumper year for Duke of Edinburgh at Norwich School with 216 pupils taking part in the programme in 2024/25: forty-two at Gold, sixty-seven at Silver and 107 at Bronze.  Whether pupils just tackle the Bronze award or go right through to take on Gold, they know the benefits the awards can bring. Most universities recognise the award's high standard and what the participant 'brings to the table' in terms of personal growth, teamwork and planning. This is especially true of Gold award recipients, who may still achieve their top choice university despite a one-grade drop in an A-level subject on results day. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

The 2024/25 academic year was again packed with trips and opportunities for pupils to expand their studies beyond the classroom, with a plethora of domestic visits to, including Go Ape, Bramley Lakes, Sizewell B Power Station, Binham Priory, Holkham Hall, the Sainsbury Centre, Norwich City Football club and Southwold. Further afield pupils visited China, Iceland, Hamburg, Rouen, Berlin, Madrid, and the battlefields of France and Belgium. The Lower School also had a full programme of trips and visits, including Kentwell Hall, the Bridewell Museum, Bewilderwood, Norwich Castle and ventured further afield to the Peak District, Leicestershire, York, London, and France. 

The Charities Committee at Norwich School is made up of volunteers from L6, who lead on ideas, events, and initiatives for the whole school to get involved in supporting local, national, and international charities.  This year they held an intergenerational quiz with charity Friend in Deed, a collection for children's swimwear on behalf of a swimming club in Burkina Faso, a collection for Christmas gifts for St Martins Housing Trust service users, collected Easter Eggs and toothbrushes and toothpaste for Schools in West Earlham, helped with fundraising for NNUH's Youth Forum, and held Home Clothes Days for Brave Futures, Cancer Research Uk and Street Child. The newly named Charities Dinner raised a large sum of money for Cancer Research UK and Charities Committee members helped with the Discover your Ability Day, Intergenerational Sports Day and Fashion Show in aid of Street Child. 

The Lower School hosted their first Car Boot Sale in June, raising an impressive £500 for Young Minds, the UK charity supporting children’s mental health. 

## **Details of bursary and scholarship awards** 

## _Bursaries_ 

This year the value of means-tested bursaries totalled £1,040,199 and represented 4.5% of the school’s net fees. Assistance was provided to 71 pupils. The school funds this assistance from its own resources which arise through the creation of an operating surplus generated by careful efficiency measures and cost control. The school is also very grateful for the help received from external parties who have made significant contributions such as the Bowling Family, Mark and Katie Loveday, the Record Trust, Roger Robinson ON, Norwich Cathedral, the Choir Schools Association, the Charles Peel Charitable Trust, the Worshipful Company of Dyers, the Friends of Norwich School, the French Huguenot Trust, the Morse-Boycott Trust, Old Norvicensians, the Rank Foundation, Jon Wait ON, and the Staff Bursary Fund. 

## _Hardship support_ 

Emergency hardship support totalling £18,110 was provided during the 2024/25 academic year. 

## _Scholarships_ 

Scholarships are awarded to current and prospective pupils with outstanding ability and flair who will make a significant contribution to the school in their area of particular skill. In September 2018, a new customised scholarship programme was introduced in the areas of academic excellence (11+, 13+ and 16+ entry), music (11+, 13+ and 16+ entry), sport (11+, 13+ and 16+ entry), art and design (16+ entry) and drama (16+ entry). Instead of reduced fees, the focus of the new scheme is on enriching the pupil experience and providing activities that the scholars will enjoy through the provision of a varied and interesting enrichment programme. Scholarships continue to be held by the pupil throughout their time at the school, subject to meeting the scholarship’s conditions. Of the no pupils, none also qualified for means-tested bursary support and are included in the figures relating to bursary awards. 

Norwich Cathedral also offers scholarship awards to nineteen boy choristers who attend the school. For those who joined the choristers prior to September 2020, this is 50% of School fees (three pupils in the Senior School). For those who joined the choristers prior between September 2020 and September 2024, this is set at a flat rate of £8,400 for those in the Senior School (three pupils) and £7,700 for those in the Lower School (eight pupils). For those who joined the choristers from September 2024 onwards, this is 30% (five pupils in the Lower School). 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **FUTURE PLANS** 

In pursuance of its strategic objectives, the major tactical and operational project areas in the 2025-26 academic year will be to: 

## **Academic Progress** 

- L4 to L5 curriculum review by December 2025 if for implementation in September 2026 

- • Restructure of internal exams 

- Development of U5 Study Periods support 

- Sept 2026 Timetable change - moving to 3-2-3 

- Support MIS decision and potential transition 

- Review of learning spaces (in light of UKS/LS development) by January 2026 to be in place by September 2026 

- Culture of Learning Review Framework launched and active for teaching and tutoring 

- 1:1 device pilot, decision and plans for potential roll out 

- Ongoing review of school’s approach to AI 

- Development of existing learner pathways 

- Development and embedding of Fifth Form Electives Programme by 17 November 2025 for launch to L5 

## **Extra-Curricular** 

- Continuation of streamlining sports offer 

- Exploration with HMC East DHC's to explore collaborative inter-school competition/events opportunities 

- Continued CBA review/consideration of major CC events (educational benefit v cost saving impact) 

## **Pastoral Care, Pupil Voice, and Leadership** 

- To articulate the embedding of pastoral work within the overarching 'Culture of Learning' to increase understanding amongst stakeholders 

- To develop a strategic approach to understanding and responding to the experience of boys and young men in 2025, prioritising positive current and future experiences for all 

- Tutoring standards to be used proactively to monitor and develop tutor practice by Section and House Teams 

- Section and House Teams are trained and involved in the development of a tutor coaching model 

- The wider pastoral team has input into the scope and contents of the learner profile, exploring Norwich School learner characteristics 

- Evolution and embedding of tutor model to provide appropriate and relevant pastoral care throughout the senior school 

- Mobile phone guidance supports coherent expectations in school 

## **Staff** 

- Devise Culture of Learning communication strategy to support delivery of our teaching and learning vision with key stakeholders 

- Launch Teaching and Learning Review Framework to ensure implementation of Teacher Standards (including Core Lesson Components) 

- Launch Genie CPD to capture staff annual targets and lesson observation records 

- Launch CPD pathways to meet training needs of all staff and record staff engagement 

## **Finances, site, and infrastructure** 

- Practical Completion & Sign-off of Upper King Street Phase 3 (Terrace/Lifts) 

- Practical Completion & Sign-off of Lower School Phase 2 (Entranceway) 

- Return of Lower School section 278 Bond (NCC) 

- Completion and LR Registration of updated Lower School Lease/Title Plan 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

- M339 - Discussion with Freeholder (Fabric/M&E/Costs) 

- HFH - Discussion with Freeholder on Lease Expiry Options 

- DSC - Solar Panel Options 

- Horsford Land Development Options 

## **Partnerships** 

- To continue with our annual Partnerships large-scale events (Maths/English Symposium, Maths Quizzes etc.) but seek ways to make these more cost neutral or find funding from outside partners. 

- Continue to consolidate existing partnerships and to keep looking for new areas of collaboration. Taking a "prioritise and prune" view to evaluate those which have biggest impact and are most cost-effective. 

- Further our dissemination of WoLLoW within East Anglia including organising more conferences and visits to our school and others. 

- Explore yet more "funded teacher" models such as Ogden, Swire, HG Foundation (Computer Science) and England Rugby coaching to create Partnerships teacher roles managed by the school but partfunded by external organisations.  The Hg Foundation STEM Horizon project has made a really good start to the three years. 

## **Alumni and other stakeholders** 

- We aim to foster a strong, inclusive and positive sense of community amongst the different external constituencies that make up the wider Norwich School family. We will be proactively encouraging their support for the school’s aims and initiatives. 

- Through generation of regular gifts, one-off giving, major gifts and legacies, we will continue active campaigning to raise meaningful funds for means-tested bursaries. We will continue with our ambitious target of generating five new, additional bursary awards annually as part of the Norfolk Sixth Form Scholarship scheme (high value fee remission plus a scholarship in one of five key disciplines). 

- We will enlist support for other strategic school initiatives such as capital projects, sponsorship and prizes, plus flagship public benefit and partnership initiatives. 

- Through a varied and compelling engagement programme, we aim to strengthen, deepen, and broaden links with our sizeable alumni body. There will be a continued focus on a mutually beneficial relationship: enlisting their support for strategic priorities and, in turn, promoting networking / careers ambassadorship and wellbeing support. 

- We will continue to nurture valuable links with grant-making and charitable organisations aligned to the school’s aims and ethos that will support the school’s strategic initiatives. 

- We will continue to foster critical links for the long-term benefit of the school with our current parental body and parents of Old Norvicensians, and as part of an active Friends of Norwich School Charity (charity number: 275155). 

- We aim to deliver an impressive range of high quality, cultural enrichment locally through an impressive series of external public lectures hosted on the school site (for example as the host of the Norfolk Cambridge Society, Royal Geographical Society of the East of England, the Norfolk Contemporary Arts Society), suitable for both younger and older audiences. 

## **Public benefit** 

The Council of Management has given due regard to the Charity's Commission's guidance on public benefit and in furtherance of these aims, the Council, as the Charity trustees, have complied with the duty in s.l7 of the Charities Act 2011 to have due regard to the Charity Commission's published general and relevant sub-sector guidance concerning the operation of the public benefit requirement under that Act. 

Norwich School provides a significant benefit to the public by providing a first-class education, independent of the state system, for 1,171 pupils (2024: 1,194). Indirectly, the school provides additional public benefit through the employment of 246 (2024: 241) full time equivalent staff, supporting the local economy and wider supply chains, and through the dedicated stewardship of an historic estate located in and around the Cathedral Close. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

The school strives to ensure that measures of public benefit are appropriate, and that significant sections of the public are not excluded from the opportunity to benefit from the education and facilities offered due to the need to pay a fee. In addition to significant provision of bursaries and other forms of means-tested financial support, the school provides a wide range of opportunities for community benefit and facilities, and events are often open to all. 

The school is dedicated to providing a first-class education to all children seeking such an education irrespective of their family circumstances or background. Norwich School continues to attract positive young people who relish learning and who are willing to contribute to the broader aspects of school life: whether in music, drama, sport, debating, clubs, societies, Sea Scouts, the Duke of Edinburgh's Award, charitable fundraising, community service or the many other activities that they encounter here. We select on academic potential, attitude, and all-round ability. 

Norwich School is committed to safeguarding and promoting the welfare of all our pupils, irrespective of their background. The last educational ISI (Independent Schools Inspectorate) inspection noted the school's tutorial system offered pupils "very good pastoral care, which is valued by pupils" and that "the school is a friendly, welcoming community characterised by very good relationships between pupils of all ages and between pupils and staff." 

## **Financial review** 

Total income amounted to £26,693k (2024: £26,723k) and after incurring expenditure of £26,081k (2024: £25,686k), net income before other recognised gains and losses amounted to £577k (2024: £1,169k). This is stated after net losses on investments of £35k (2024: net gains of £132k).  After actuarial losses on the defined benefit pension scheme of £16k (2024: actuarial losses of £111k), the net increase in funds amounted to £561k (2024: £1,058k). 

## **Principal funding sources** 

The principal source of the School's income comes from school fees. The average number of pupils in the School was 1,171 (2024: 1,194). 

## **Fixed assets** 

In order to maintain and develop the educational provision, the School continues to undertake a carefully planned programme of fixed asset investments. In the year to 31 August 2025, additions amounted to £3,552k (2024: £3,420k). The most significant investments included the completion of the significant projects at Upper King Street and the Lower School. 

## **Investment powers** 

The trustee is empowered to invest funds in a manner appropriate to the financial requirements of the School, having regard to the security of any investments made and the requirements of the Charity Commission's order. 

## **Investment policy** 

The investments are managed on a discretionary basis by Barratt & Cooke Limited, stockbrokers. The funds are invested with the objective of creating a balance between income generation and preservation of capital in real terms. 

## **Reserves policy** 

Note 22 of the financial statements sets out an analysis of the assets and liabilities attributable to the various funds. The Council of Management considers that these assets are sufficient to meet the charity's obligations on a fund-by-fund basis. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

Other than freehold investment properties, which are held as an investment to produce income and capital growth, the School's tangible assets are held for use by the School. Taking one year with another, the Council of Management plans to spend any surplus within the unrestricted fund on improvements to the School. 

Free reserves of the School are defined as those unrestricted funds, excluding designated funds, which are freely expendable. At present the School's free reserves, being group net assets excluding fixed assets and investment properties within the general funds, amount to free reserves of £441k (2024: £43k). 

As stated in note 21, the designated fund relating to the School's future capital projects has been released in full to General Funds now that the major capital projects at Upper King Street and the Lower School are complete. 

## **Structure, governance and management** 

## **Governing document** 

King Edward VI Grammar School, Norwich was registered as a charity on 25 May 1966. Pursuant to a scheme dated 7 September 1994 and approved by the Charity Commission, the charity is administered by a company limited by guarantee known as Norwich School (company number 02940688). The land, assets and undertaking of the charity were vested in the company on 1 September 1994. 

## **Governor recruitment, nomination and appointment process** 

The Council of Management consists of six representative governors and up to 19 co-opted governors. The representative governors are nominated by the Worshipful Company of Dyers, Chapter of the Cathedral Church of Norwich, and the Senate of the University of East Anglia. The Nomination Committee meets annually to review the skills portfolio of existing members of the Council and determines any potential gaps or imbalance. Governors may identify individuals who may be interested in becoming a co-opted governor or may fill a skill gap in the Council. 

The School welcomes individuals to approach the Chairman directly or via the Clerk of Governors expressing an interest in becoming a governor. The Chairman will meet with potential candidates and, in conjunction with the Vice-Chairman and the Head, review their suitability before putting all of the names forward for discussion at the next Nomination Committee. The Nomination Committee nominates suitable candidates to the Council of Management when a governor vacancy arises for the Council's review and appointment. 

## **Council of Management induction and training** 

On appointment to the Council of Management, members are provided with: 

- The Scheme of the Commissioners and the Memorandum and Articles of the trustee company 

- • The latest accounts of the charity and are encouraged to read Charity Commission guidance note CC3 - "The Essential Trustee: What you need to know, what you need to do". 

In addition, new members are provided with detailed information about the School and encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities. 

## **Risk management** 

The Trustees are responsible for the management of the risks faced by the School. Risks are identified and assessed, and controls established throughout the year. A formal Business Risk Model (risk register) is in place and is reviewed and updated on a regular basis by the Senior Leadership Team, various Committees (including the Executive Committee) and the Council of Management. 

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## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Ongoing risk management** 

The principal risks and uncertainties identified in the Trust’s Business Risk Model include: 

- Recruiting sufficient able pupils into the School each year in order to maintain the pupil roll and therefore fee income in line with forecast. 

- Maintaining tuition fees at an affordable level, whilst meeting rising costs including pension contributions for teaching staff, repaying the bank loan, and complying with the bank covenants, and continuing to invest in the facilities available to pupils. 

- To manage the health and safety risks. 

- The need to continue to recruit top quality staff remains a high priority. 

- The Trustees remain vigilant with regards to child welfare. 

- External financial risks are kept under review by the Trustees including the potential for changes to tax legislation or changes to the treatment of charities, inflationary pressures, changes to interest rates and other macroeconomic factors, including commodity and utilities shortages as a result of the war in Ukraine. 

Key controls used by the charity include: 

- Formal agendas for all Committee, Sub Committee and Board activity. 

- Detailed terms of reference for Board Committees and Sub Committees. 

- Comprehensive strategic planning, budgeting, and management accounting. 

- Established organisational structures and lines of reporting. 

- Formal written policies. 

- Clear authorisation and approval levels. 

- Vetting procedures as required by law for the protection of the vulnerable. 

Through the Business risk management processes established for the Trust, the Trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. 

## **Organisational structure** 

The Council of Management meet a minimum of three times annually, including at least one meeting per term. The Executive Sub-Committee, consisting of six Council members, meets more frequently to monitor the financial management and development of the School. In addition, other more specialist Sub-Committees meet to consider current issues and strategy with a view to submitting recommendations to the Executive SubCommittee and to the Council of Management as a whole. 

The Council of Management and its Executive Sub-Committee set out the general policy of the School. The day-to-day affairs of the School are run by the Head and the Bursar. 

## **Setting of pay** 

The Remuneration Committee has the membership of a minimum of three governors and meets once a year normally in the Lent Term to review the performance of the Senior Management Team including the Head and the Bursar and their pay for the next academic year. The Committee sets any pay increased to be awarded to each member of the Senior Management Team. 

Page 20 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Related parties** 

The assets and liabilities of the School are vested in a company limited by guarantee known as Norwich School, which acts as a bare trustee for the School. 

The School owns the entire issued share capital (being two £1 ordinary shares) of Norwich School Enterprises Limited, which was incorporated on 1 April 1998. 

The School rents the majority of its properties from the Chapter of Norwich Cathedral, which was represented on the Council of Management during the year by The Very Reverend Dr A Braddock and The Reverend Canon A Platten. The Chapter of Norwich Cathedral's subsidiary company, Norwich Cathedral Enterprises Limited, also provided catering services to the School during the year. 

Ms D G M Jarrold, member of the Council of Management, is a director of Jarrold and Sons Limited. The School made purchases from the company in the year, and at the year end, some amounts were owed to the company in relation to them. 

Mr J M Hunter, member of the Council of Management, is a member of Mills and Reeve LLP, which provided legal services to the School during the year. The School also had sales to Mills and Reeve LLP. At year end some amounts were due to the company, and some amounts were owed to the School. 

Mrs A Sarkar Roy, member of the Council of Management, is Treasurer and a Non-Executive Trustee of 8th Norwich Sea Scouts. The School made purchases from and sales to this charity during the year, and at the year end, some amounts were owed to the charity, and some amounts were owed to the School. 

Mr N Q Back, member of the Council of Management, is the Chair of the Norfolk Club, which the School pays to make use of its gym facilities. 

Mr D Talbot, member of the Council of Management, is a Trustee of the Norfolk Broads Yacht Club. The School made purchases from the Yacht Club during the year. 

Dr A C Wood, member of the Council of Management, is a Council Member of the University of East Anglia. The School made purchases from UEA during the year. 

Very Reverend Dr Andrew Braddock, member of the Council of Management, is the Vice-Chair of the Friends of Norwich Cathedral. The School made purchases from the Friends of Norwich Cathedral during the year. 

Four members of the Council of Management, Mr N Q Back, Mr J M Hunter, The Reverend Canon A Platten and Dr A C Wood, have children or grandchildren at the School. Fees paid by these members are at the same rates applicable to all pupils. One member is in receipt of means-tested assistance. 

Except where shown in note 9 and note 20 to the financial statements, no director has any financial interest in, or receives any remuneration from either the trustee company or the School. 

## _Other relationships_ 

The Head is a member of the Headmasters’ and Mistresses' conference (HMC), which is an opportunity to share expertise, knowledge and experience across the independent school sector. The Conference also permits appropriate representation to Government and regulators of the views of the sector. The Bursar is a member of the Independent Schools Bursars Association (ISBA) and various professional bodies. The Head of the Lower School is a member of the Independent Association of Prep Schools (IAPS). IAPS is the professional association for Headmasters’ and Mistresses' of the leading independent prep schools in the UK and worldwide. 

Page 21 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Fundraising standards** 

Fundraising activities at the School are carried out by its own staff in the Development Office and are not outsourced to professional fundraisers. Its activities are closely and regularly monitored by the Development Committee, a sub-committee of the Council of Management. It also follows the Institute of Fundraising guidelines for dealing with vulnerable people. King Edward VI Grammar School, Norwich is registered with the Fundraising Regulator and is committed to following the Code of Fundraising Practice and the Fundraising Promise. There have been no complaints about fundraising activity this year. 

Statement of Responsibilities of the Council of Management 

The Council of Management are responsible for preparing the Report and the Report of the Trustee and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England & Wales requires the Council of Management to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Council of Management are required to: 

- Select suitable accounting policies and then apply them consistently; 

- Observe the methods and principles of the Charities SORP (FRS 102); 

- Make judgments and accounting estimates that are reasonable and prudent; 

- State whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business. 

The Council of Management are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

## **Council of Management** 

All members held office throughout the year and up to the date of this report, with the exception of the following members who resigned during the year: Mr J M D Schofield (resigned 2 October 2024), Dr D F Wood (resigned 21 March 2025), and Dr S C Bamber, Mr H C Jourdain and Professor K H Yeoman (all of whom resigned on 31 August 2025) 

## _Disclosure of information to auditors_ 

Each of the persons who are members of the Council of Management at the time when this Report of the Trustee is approved has confirmed that: 

- So far as that member is aware, there is no relevant audit information of which the Charitable Group's auditors are unaware, and 

- That member has taken all the steps that ought to have been taken as a member in order to be aware of 

   - any relevant audit information and to establish that the Charitable Group's auditors are aware of that information. 

Page 22 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **REPORT OF THE TRUSTEE (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Auditors** 

The auditors, Larking Gowen LLP, have indicated their willingness to continue in office. The designated members of the Council of Management will propose a motion reappointing the auditors at a meeting of the members of the Council of Management. 

................................................ **S D A Griffiths** On behalf of the Trustees 

Date: 

Page 23 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **INDEPENDENT AUDITORS' REPORT TO THE TRUSTEE OF  KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **Opinion** 

We have audited the financial statements of King Edward VI Grammar School, Norwich (the 'parent Charity') and its subsidiary (the 'Group') for the year ended 31 August 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, 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 Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). 

The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. 

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

In our opinion the financial statements: 

- give a true and fair view of the state of the Group's and of the parent Charity's affairs as at 31 August 2025 and of the Group's 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 Charities Act 2011. 

## **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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 Trustee's 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 Group's or the parent charity'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 Trustee with respect to going concern are described in the relevant sections of this report. 

Page 24 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **INDEPENDENT AUDITORS' REPORT TO THE TRUSTEE OF  KING EDWARD VI GRAMMAR SCHOOL, NORWICH (CONTINUED)** 

## **Other information** 

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustee 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. 

## **Matters on which we are required to report by exception** 

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: 

- the information given in the Trustee's Report of the Trustee is inconsistent in any material respect with the financial statements; or 

- the parent Charity has not kept sufficient accounting records; or 

- the parent Charity financial statements are not in agreement with the accounting records and returns; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of the Trustee** 

As explained more fully in the Statement of Responsibilities of the Council of Management, the Trustee is responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustee 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 Trustee are responsible for assessing the Group's and the parent Charity'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 Trustee either intend to liquidate the Group or the parent Charity or to cease operations, or have no realistic alternative but to do so. 

Page 25 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **INDEPENDENT AUDITORS' REPORT TO THE TRUSTEE OF  KING EDWARD VI GRAMMAR SCHOOL, NORWICH (CONTINUED)** 

## **Auditors' responsibilities for the audit of the financial statements** 

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

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 Auditors' 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. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, included the following: 

- Enquiries with management, the bursar and the Council of Management about any known or suspected instances of non-compliance with laws and regulations, accidents in the workplace, safeguarding breaches, data breaches, potential litigation or claims and fraud; 

- Reviewing legal and professional fees to confirm matters where the Company engaged lawyers during the year; 

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; 

- Reviewing meeting minutes of executive, development and education committees, Council of Management meeting minutes and any relevant correspondence with external authorities, including regulators; 

- Challenging assumptions and judgements made by management in their significant accounting estimates, particularly around the actuarial assumptions used to estimate the defined benefit pension scheme; and 

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness and evaluating the business rationale of any significant transactions outside the normal course of business. 

Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. 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 further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report. 

Page 26 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **INDEPENDENT AUDITORS' REPORT TO THE TRUSTEE OF  KING EDWARD VI GRAMMAR SCHOOL, NORWICH (CONTINUED)** 

## **Use of our report** 

This report is made solely to the Charity's Trustee, as a body, in accordance with 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 Trustee those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and its Trustee, as a body, for our audit work, for this report, or for the opinions we have formed. 


**Larking Gowen LLP** Chartered Accountants Statutory Auditors 1st Floor, Prospect House Rouen Road Norwich NR1 1RE 

## **N.B. The date of signing should be entered in 'ACCOUNTS COMPLETION' section** 

Date: `18 June 2026` 

Larking Gowen LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. 

Page 27 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025** 

|**Note**<br>**Income and**<br>**endowments from:**<br>Donations and legacies<br>4<br>Charitable activities<br>5<br>Investments<br>6<br>**Total income and**<br>**endowments**<br>**Expenditure on:**<br>Charitable activities<br>7<br>**Total expenditure**<br>Net (losses)/gains on<br>investments<br>**Net movement in**<br>**funds before other**<br>**recognised**<br>**gains/(losses)**<br>**Other recognised**<br>**losses:**<br>Actuarial losses on<br>defined benefit pension<br>schemes<br>18<br>**Net movement in**<br>**funds**<br>**Reconciliation of**<br>**funds:**<br>Total funds brought<br>forward<br>Net movement in funds<br>**Total funds carried**<br>**forward**|**Unrestricted**<br>**funds**<br>**2025**<br>**£000**<br>**-**<br>**25,379**<br>**419**<br>**25,798**<br>**25,531**<br>**25,531**<br>**(6)**<br>**261**<br>**(16)**<br>**245**<br>**17,337**<br>**245**<br>**17,582**|**Restricted**<br>**funds**<br>**2025**<br>**£000**<br>**863**<br>**-**<br>**32**<br>**895**<br>**550**<br>**550**<br>**(29)**<br>**316**<br>**-**<br>**316**<br>**2,842**<br>**316**<br>**3,158**|**Endowment**<br>**funds**<br>**2025**<br>**£000**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**3,273**<br>**-**<br>**3,273**|**Total**<br>**funds**<br>**2025**<br>**£000**<br>**863**<br>**25,379**<br>**451**<br>**26,693**<br>**26,081**<br>**26,081**<br>**(35)**<br>**577**<br>**(16)**<br>**561**<br>**23,452**<br>**561**<br>**24,013**|_Total_<br>_funds_<br>_2024_<br>_£000_<br>_780_<br>_25,357_<br>_586_<br>_26,723_<br>_25,686_<br>_25,686_<br>_132_<br>_1,169_<br>_(111)_<br>_1,058_<br>_22,394_<br>_1,058_<br>_23,452_|
|---|---|---|---|---|---|



The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year. 

The notes on pages 34 to 63 form part of these financial statements. 

Page 28 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2025** 

|**Note**<br>**Fixed assets**<br>Tangible assets<br>10<br>Investments<br>12<br>Investment property<br>11<br>**Current assets**<br>Stocks<br>Debtors<br>13<br>Cash at bank and in hand<br>**Current liabilities**<br>Creditors: amounts falling due within one<br>year<br>14<br>**Net current assets**<br>**Total assets less current liabilities**<br>Creditors: amounts falling due after more<br>than one year<br>15<br>**Total net assets**|**33**<br>**1,415**<br>**8,234**<br>**9,682**<br>**(5,702)**|**2025**<br>**£000**<br>**18,801**<br>**1,860**<br>**730**<br>**21,391**<br>**3,980**<br>**25,371**<br>**(1,358)**<br>**24,013**|_32_<br>_1,261_<br>_11,542_<br>_12,835_<br>_(7,009)_|_2024_<br>_£000_<br>_17,004_<br>_1,881_<br>_730_<br>_19,615_<br>_5,826_<br>_25,441_<br>_(1,989)_<br>_23,452_|
|---|---|---|---|---|



Page 29 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025** 

|**Note**<br>**Charity funds**<br>Endowment funds<br>21<br>Restricted funds<br>21<br>Unrestricted funds<br>21<br>**Total funds**|**2025**<br>**£000**<br>**3,273**<br>**3,158**<br>**17,582**<br>**24,013**|_2024_<br>_£000_<br>_3,273_<br>_2,842_<br>_17,337_|
|---|---|---|
||||
|||_23,452_|



The financial statements were approved and authorised for issue by the Trustee and signed on their behalf by: 

................................................ ................................................ **Dr A C Wood Dr S C Bamber** Chairman Vice Chairman 

Date: **Complete 'ACCOUNTS COMPLETION' section** 

The notes on pages 34 to 63 form part of these financial statements. 

Page 30 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **CHARITY BALANCE SHEET AS AT 31 AUGUST 2025** 

|**Note**<br>**Fixed assets**<br>Tangible assets<br>10<br>Investments<br>12<br>Investment property<br>11<br>**Current assets**<br>Stocks<br>Debtors<br>13<br>Cash at bank and in hand<br>**Current liabilities**<br>Creditors: amounts falling due within one<br>year<br>14<br>**Net current assets**<br>**Total assets less current liabilities**<br>Creditors: amounts falling due after more<br>than one year<br>15<br>**Total net assets**|**33**<br>**1,415**<br>**8,234**<br>**9,682**<br>**(5,702)**|**2025**<br>**£000**<br>**18,801**<br>**1,860**<br>**730**<br>**21,391**<br>**3,980**<br>**25,371**<br>**(1,358)**<br>**24,013**|_32_<br>_1,261_<br>_11,542_<br>_12,835_<br>_(7,009)_|_2024_<br>_£000_<br>_17,004_<br>_1,881_<br>_730_<br>_19,615_<br>_5,826_<br>_25,441_<br>_(1,989)_<br>_23,452_|
|---|---|---|---|---|



Page 31 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **CHARITY BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025** 

|**Note**<br>**Charity funds**<br>Endowment funds<br>21<br>Restricted funds<br>21<br>Unrestricted funds<br>Designated funds<br>21<br>**-**<br>General funds<br>21<br>**17,582**<br>Total unrestricted funds<br>21<br>**Total funds**|**2025**<br>**£000**<br>**3,273**<br>**3,158**<br>_1,950_<br>_15,387_<br>**17,582**<br>**24,013**|_2024_<br>_£000_<br>_3,273_<br>_2,842_<br>_17,337_|
|---|---|---|
||||
|||_23,452_|



The financial statements were approved and authorised for issue by the Trustee and signed on their behalf by: 

................................................ ................................................ **Dr A C Wood Dr S C Bamber** Chairman Vice Chairman 

## Date: **Complete 'ACCOUNTS COMPLETION' section** 

The notes on pages 34 to 63 form part of these financial statements. 

Page 32 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025** 

|**Cash flows from operating activities**<br>Net cash used in operating activities<br>**Cash flows from investing activities**<br>Payments to acquire tangible fixed assets<br>Receipts from sale of investments<br>Payments to acquire investments<br>Interest received<br>Dividends received<br>Rentals received from investment properties<br>**Net cash used in investing activities**<br>**Cash flows from financing activities**<br>Repayments of long term loans<br>Interest paid<br>New/(Repayments) of hire purchase finance<br>**Net cash used in financing activities**<br>**Change in cash and cash equivalents in the year**<br>Cash and cash equivalents at the beginning of the year<br>**Cash and cash equivalents at the end of the year**|**2025**<br>**£000**<br>**(532)**<br>**(3,080)**<br>**419**<br>**(414)**<br>**326**<br>**47**<br>**62**<br>**(2,640)**<br>**(166)**<br>**(41)**<br>**71**<br>**(136)**<br>**(3,308)**<br>**11,542**<br>**8,234**|_2024_<br>_£000_<br>_4,869_<br>_(3,420)_<br>_219_<br>_(221)_<br>_467_<br>_44_<br>_62_<br>**(2,849)**<br>_(156)_<br>_(53)_<br>_(43)_<br>**(252)**<br>**1,768**<br>_9,774_<br>_11,542_|
|---|---|---|



The notes on pages 34 to 63 form part of these financial statements 

Page 33 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **1. General information** 

King Edward VI Grammar School, Norwich is a charity registered in England and Wales, charity number 311280. The registered office is 71a The Close, Norwich, Norfolk, NR1 4DD. 

## **2. Accounting policies** 

## **2.1 Basis of preparation of financial statements** 

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. 

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) revised October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

King Edward VI Grammar School, Norwich meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Group and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. 

## **2.2 Going concern** 

Management's going concern assessment takes into full consideration key data sets, including latest pupil numbers, projected employment costs, freehold, leasehold, and maintenance requirements for the next 12 months and beyond, and known capital commitments; allied to the latest 5-year cashflow models and other key performance indicators. 

As a result of the significance of the combined impact of national minimum wage increases, increases in employer’s national insurance, loss of charitable business rates relief, continuing increase in TPS contribution rates and the imposition of VAT on independent school fees, alongside general hardening economic factors, the sector is under significant pressure which is resulting in significant numbers of closures, mergers and other combinations focused on cost sharing or reduction. 

The application of VAT on school fees has led to stretched family affordability, leading to pupils leaving independent education at natural departure points, or families choosing not to start their journey in independent education as early, if at all.  This has caused reduced pupil numbers across the sector with further falls expected over the next few years. 

Teachers’ Pension Scheme costs are a significant cost variable that schools have no control over if enrolled.  The school offers an alternative pension scheme to teachers and through negotiation the school has limited it's exposure to this volatility for those who choose to remain in TPS.  There are suggestions of a possible reduction in employer contribution rate in the future but this comes after multiple significant increases to the employer contribution rate.  As such TPS continues to pose a volatile risk to costs and the school continues to monitor the situation closely to determine if further 

Page 34 



**KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **2. Accounting policies (continued)** 

## **2.2 Going concern (continued)** 

action is required. 

Considering these factors, particularly the lower starting roll, despite having already implemented considerable cost reduction measures during the period, the school is forecasting an unrestricted year end deficit of £476k. The restricted year end deficit is forecast at £120k. 

In the context of such a risk environment, the School is carefully focusing on mitigation options to offset the inevitable pressures on future cashflow. 

Work continues to find further savings to those already made in both the current year and those committed for 2025-26, including implementation of further recommendations from both the Lyon and Fenton Reports. However, the School must still ensure the value proposition remains and we continue to provide the highest quality education possible. 

The School undertook a voluntary redundancy (VR) programme during the year, and a further VR process in 2025-26. The outcome of this second exercise is substantively complete, the subsequent restructuring work proving quite effective. In combination with developing pupil data during the first half of the year, the school has explored a minimal compulsory redundancy process via a formal consultation process, the results of which are being concluded before the end of the 2025-26 academic year. 

In terms of CAP, with the successful completion of both current major projects; 15 Upper King Street (M339) and the Lower School Development (M061) during the year, the school has no plans for major projects, and the intent is to keep both REV and CAP expenditure to essential only items with appropriate contingencies. Indicatively, the 2025/26 CAP budget is c£445k, focused in three core areas: estates, transport, and contingent funds; down from a five-year average of £1.133m (excluding M061/M339). 

The position for the current budget cycle is therefore threefold:  reluctant acceptance of deficit surplus position for the current year whilst looking to find further efficiencies and onward savings, adjusted REV/CAP budgets and a renewed vigour in additional revenue streams. 

Within the Governance model, additional oversight is to be focused by a revitalized structure to include new or enhanced committees – the former being the a new Audit and Oversight Committee, the latter a Development and Enterprise Committee (with a focus on commercial revenue generation) and a Finance and Property Committee to focus on the business model and estate management. 

Despite this continuation of challenging economic and political times, with good projected income allied to sensible budgeting, robust levels of working capital, a strong balance sheet, appropriate levels of both interest and debt cover allied to prudent cash flow management (and access to additional funding if needed) and an appropriate reserves policy, the School feels able to address the continuing economic uncertainties whilst delivering the core offering and creating demand for the product. 

Since the balance sheet date there have been no subsequent events to give management doubts that the school is not a going concern, and considering the above, Norwich School has a reasonable expectation that the charity has no material uncertainties and adequate resources to continue in operational existence for the foreseeable future. 

Page 35 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **2. Accounting policies (continued)** 

## **2.3 Fund accounting** 

Unrestricted general funds are funds which can be used in accordance with the charitable objects at the discretion of the Council of Management. 

Unrestricted designated funds are funds earmarked by the Council of Management for particular purposes. 

Restricted funds are funds that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Endowment funds are funds that must be held permanently by the Charity consisting of investments, properties and the original school buildings. 

## **2.4 Income** 

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

Income from donations, grants, gifts, and specific fund raising events is included in full in the Statement of Financial Activities when receivable. 

For legacies, entitlement is the earlier of the Charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasions legacies will be notified to the Charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset     and disclosed. 

Income from property and other non-voluntary services is included in the year in which the conditions for receipt have been met. 

Income from investments is included when receivable. Income from investments held as part of the permanent endowment fund is unrestricted. Income from investments held as part of the restricted Scholarship Fund is restricted to providing prizes, scholarships and financial assistance as part of the Scholarship Fund. 

Tuition fees represent charges for tuition in the academic year 2024/2025 and are stated gross of fee remissions. From spring term 2025 onwards, VAT has been applied on invoices for tuition fees. However, as the school is now VAT registered, tuition fees are shown in the financial statements net of VAT. 

## **2.5 Expenditure** 

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes VAT and is reported as part of the expenditure to which it relates: 

- Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. 

- Governance costs include those costs associated with meeting the constitutional and   statutory requirements of the Charity and include the audit fees and costs linked to the   strategic management of the Charity. 

Page 36 



**KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **2. Accounting policies (continued)** 

## **2.5 Expenditure (continued)** 

- All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. 

- Prizes, awards, scholarships and financial assistance costs are stated within expenditure on charitable activities and are not netted off tuition fees. 

## **2.6 Tangible fixed assets and depreciation** 

The Charity elected to use a previous valuation as deemed cost for freehold and long-term leasehold properties held at the Charity's date of transition to FRS 102 of 1 September 2014. Additions made to freehold and long-term leasehold properties since this date have been accounted for at cost and depreciated on the basis set out below. 

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. 

At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. 

Land and assets under construction are not depreciated. 

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method. 

Depreciation is provided on the following basis: 

|Freehold buildings|-|Over the expected useful life of the asset|
|---|---|---|
|Long-term leasehold property|-|Over the expected useful life of the asset|
|Short-term leasehold property|-|Over the expected useful life of the asset|
|Plant, equipment, fixtures and|-|2% - 25%|
|fittings|||
|Assets in the course of|-|Not depreciated|
|construction|||



The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively, if appropriate or if there is an indication of a significant change since the last reporting date. 

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and recognised in the Consolidated Statement of Financial Activities. 

Page 37 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **2. Accounting policies (continued)** 

## **2.7 Investments** 

Investments held for the long-term to generate income and preserve capital in real terms are carried at market value as fixed assets. Investments are held as part of the designated Development Fund and the restricted Scholarship Fund. 

The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year. 

## **2.8 Investment property** 

Freehold investment properties are included at a valuation determined by the Council of Management on an annual basis based on formal valuations prepared by a firm of property and business consultants. 

## **2.9 Stocks** 

Stock consists of goods for resale and is valued at the lower of cost and net realisable value. Expenditure on teaching materials is written off immediately when incurred. 

## **2.10 Operating leases** 

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. 

## **2.11 Pensions** 

The School contributes to the Teachers' Pension Scheme (TPS). This is a defined benefit scheme and the assets are held separately from those of the School. The TPS is an unfunded scheme and contributions 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 prospective unit credit method. The TPS is a multi-employer scheme and there is insufficient information available to use defined benefit accounting. The TPS is therefore treated as a defined contribution scheme and the contributions recognised in the period to which they relate. 

The School operated a defined benefit pension scheme for non-teaching staff which provided benefits based on final pensionable salary. The assets of the scheme were held separately from those of the School being invested with an insurance company. As from 5 April 2004 contributions to secure benefits accruing after this date ceased and ongoing contributions are made to eliminate the funding deficit. The Trust recognises a defined benefit pension plan surplus as an asset only to the extent that it is able to recover the surplus either through reduced contributions in the future or through refunds from the plan. 

The School also operates a defined contribution scheme. The assets of the scheme are held separately from those of the School. The annual contributions payable are charged to the Statement of Financial Activities. 

Page 38 



**KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **2. Accounting policies (continued)** 

## **2.12 Debtors** 

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **2.13 Cash at bank and in hand** 

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **2.14 Liabilities and provisions** 

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. 

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance cost. 

## **2.15 Financial instruments** 

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

## **2.16 Interest receivable** 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 

## **2.17 Government grants** 

Grants of a revenue nature are recognised in the Statement of Financial Activities in the same period as the related expenditure. 

Page 39 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **2. Accounting policies (continued)** 

## **2.18 Finance leases and hire purchase** 

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Group. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Consolidated Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. 

## **3. Critical accounting estimates and areas of judgment** 

Estimates and judgments 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 Charity 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. 

## Critical areas of judgment: 

## Defined benefit pension scheme 

The present value of the defined benefit liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net cost (income) for pensions include the discount rate. Any changes in these assumptions, which are disclosed in note 18, will impact the carrying amount of the pension liability. Furthermore, a roll forward approach which projects results from the latest full actuarial valuation has been used by the actuary in valuing the pensions liability at the year end. 

## Valuation of investment properties 

Investment properties must be valued at open market value, which should factor in any impairment, either specific to the investment asset, or arising more generally from sector or market conditions. Alternatively, any increase in value arising from enhancement to the asset or from wider sector or market conditions. Professional valuations of the investment properties are expected to be undertaken on a regular basis (although not necessarily annually) to assist management in assessing the valuation of investment property at each accounting period end. Investment properties are accounted for in accordance with note 2.8 and are disclosed in note 11. 

## Depreciation and impairment of tangible fixed assets 

The Charity should select a depreciation method that reflects the pattern in which it expects to consume the asset's future economic benefits and must consider whether a straight line or reducing balance basis is most appropriate for each class of assets. If there is an indication that there has been a significant change since the last annual reporting date, for example where costs incurred in relation to future projects are no longer expected to carry any future value, the Council of Management must review its 

Page 40 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **3. Critical accounting estimates and areas of judgment (continued)** 

present depreciation method and, if current expectations differ, change the depreciation method to reflect the new pattern. Depreciation methods adopted are disclosed in note 2.6 and carrying values of fixed assets at the reporting date are disclosed in note 10. 

## Bad and doubtful debt provision 

The bad and doubtful debt provision relates to unpaid pupil fees. The Council of Management review all outstanding debts at the year end to consider which debts may not be settled in full and calculate a provision on this basis. Trade debtors, which relates to amounts owed in relation to tuition and associated fees, are disclosed net of the bad and doubtful provision assessed in note 13. 

## **4. Income from donations and legacies** 

|Donations and legacies<br>Donations and legacies|**Restricted**<br>**funds**<br>**2025**<br>**£000**<br>863<br>_Restricted_<br>_funds_<br>_2024_<br>_£000_<br>_780_|**Total**<br>**funds**<br>**2025**<br>**£000**<br>**863**|
|---|---|---|
|||_Total_<br>_funds_<br>_2024_<br>_£000_<br>_780_|



## **5. Income from charitable activities** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£000**<br>Tuition fees<br>23,181<br>Other educational income<br>976<br>Other ancillary income<br>209<br>School meals<br>1,013<br>**Total 2025**<br>25,379|**Total**<br>**funds**<br>**2025**<br>**£000**<br>**23,181**<br>**976**<br>**209**<br>**1,013**|
|---|---|
||**25,379**|



Page 41 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **5. Income from charitable activities (continued)** 

|Tuition fees<br>Other educational income<br>Other ancillary income<br>School meals<br>_Total 2024_|_Unrestricted_<br>_funds_<br>_2024_<br>_£000_<br>_23,223_<br>_956_<br>_186_<br>_992_<br>_25,357_|_Total_<br>_funds_<br>_2024_<br>_£000_<br>_23,223_<br>_956_<br>_186_<br>_992_|
|---|---|---|
|||_25,357_|



## **6. Investment income** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£000**<br>Rental income<br>62<br>Income from investments<br>15<br>Deposit account interest and interest from other debtors<br>326<br>Pension income<br>16<br>**Total 2025**<br>419<br>_Unrestricted_<br>_funds_<br>_2024_<br>_£000_<br>Rental income<br>_62_<br>Income from investments<br>_14_<br>Deposit account interest and interest from other debtors<br>_467_<br>Pension income<br>_13_<br>_Total 2024_<br>_556_|**Restricted**<br>**funds**<br>**2025**<br>**£000**<br>-<br>32<br>-<br>-<br>32<br>_Restricted_<br>_funds_<br>_2024_<br>_£000_<br>_-_<br>_30_<br>_-_<br>_-_<br>_30_|**Total**<br>**funds**<br>**2025**<br>**£000**<br>**62**<br>**47**<br>**326**<br>**16**|
|---|---|---|
|||**451**|
|||_Total_<br>_funds_<br>_2024_<br>_£000_<br>_62_<br>_44_<br>_467_<br>_13_|
|||_586_|



Page 42 



**KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **7. Analysis of expenditure on charitable activities** 

## **Summary by fund type** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£000**<br>Teaching and education<br>15,115<br>Welfare<br>1,597<br>Establishment<br>4,463<br>Support costs<br>2,464<br>Finance costs<br>119<br>Governance costs<br>86<br>Prizes, awards, scholarships and financial assistance<br>1,703<br>VAT recovered<br>(16)<br>**Total 2025**<br>25,531<br>_Unrestricted_<br>_funds_<br>_2024_<br>_£000_<br>Teaching and education<br>_14,339_<br>Welfare<br>_1,579_<br>Establishment<br>_4,540_<br>Support costs<br>_2,621_<br>Finance costs<br>_200_<br>Governance costs (see below)<br>_105_<br>Prizes, awards, scholarships and financial assistance<br>_1,743_<br>_Total 2024_<br>_25,127_|**Restricted**<br>**funds**<br>**2025**<br>**£000**<br>-<br>-<br>-<br>-<br>-<br>-<br>550<br>-<br>550<br>_Restricted_<br>_funds_<br>_2024_<br>_£000_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_559_<br>_559_|**Total**<br>**2025**<br>**£000**<br>**15,115**<br>**1,597**<br>**4,463**<br>**2,464**<br>**119**<br>**86**<br>**2,253**<br>**(16)**<br>**26,081**<br>_Total_<br>_2024_<br>_£000_<br>_14,339_<br>_1,579_<br>_4,540_<br>_2,621_<br>_200_<br>_105_<br>_2,302_<br>_25,686_|
|---|---|---|



Page 43 



**KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **7. Analysis of expenditure on charitable activities (continued)** 

## **Summary by expenditure type** 

|Teaching and education<br>Welfare<br>Establishment<br>Support costs<br>Finance costs<br>Governance costs (see below)<br>Prizes, awards, scholarships and financial<br>assistance<br>VAT recovered<br>**Total 2025**<br>Teaching and education<br>Welfare<br>Establishment<br>Support costs<br>Finance costs<br>Governance costs (see below)<br>Prizes, awards, scholarships and financial<br>assistance<br>_Total 2024_|**Staff costs**<br>**2025**<br>**£000**<br>12,479<br>213<br>1,095<br>1,222<br>-<br>-<br>-<br>-<br>15,009<br>_Staff costs_<br>_2024_<br>_£000_<br>_11,399_<br>_205_<br>_773_<br>_1,058_<br>_-_<br>_-_<br>_-_<br>_13,435_|**Depreciation**<br>**2025**<br>**£000**<br>547<br>-<br>732<br>-<br>-<br>-<br>-<br>-<br>1,279<br>_Depreciation_<br>_2024_<br>_£000_<br>_440_<br>_-_<br>_605_<br>_-_<br>_-_<br>_-_<br>_-_<br>_1,045_|**Other costs**<br>**2025**<br>**£000**<br>2,089<br>1,384<br>2,636<br>1,242<br>119<br>86<br>2,253<br>(16)<br>9,793<br>_Other costs_<br>_2024_<br>_£000_<br>_2,500_<br>_1,374_<br>_3,162_<br>_1,563_<br>_200_<br>_105_<br>_2,302_<br>_11,206_|**Total**<br>**2025**<br>**£000**<br>**15,115**<br>**1,597**<br>**4,463**<br>**2,464**<br>**119**<br>**86**<br>**2,253**<br>**(16)**<br>**26,081**<br>_Total_<br>_2024_<br>_£000_<br>_14,339_<br>_1,579_<br>_4,540_<br>_2,621_<br>_200_<br>_105_<br>_2,302_<br>_25,686_|
|---|---|---|---|---|



Page 44 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Analysis of expenditure on charitable activities (continued)** 

|**Analysis of governance costs:**<br>Costs relating to governors<br>Trustee and Professional indemnity insurance<br>Audit, accountancy and legal fees|**2025**<br>**£000**<br>**3**<br>**18**<br>**65**<br>**86**|_2024_<br>_£000_<br>_6_<br>_18_<br>_81_|
|---|---|---|
|||_105_|



Costs relating to governors includes training, venue hire, and any reimbursement to members of the Council of Management for their out of pocket travel expenses.  Note 9 provides a specific disclosure of reimbursed expenses. 

## **8. Auditors' remuneration** 

||**2025**|_2024_|
|---|---|---|
||**£000**|_£000_|
|Fees payable to the Charity's auditor and its associates for the audit of the|||
|Charity's annual accounts|**20**|_19_|
|Fees payable to the Charity's auditor and its associates in respect of:|||
|Teachers' Pension audit|**1**|_1_|
|Taxation advisory services|**9**|_4_|



## **9. Staff costs** 

|Wages and salaries<br>Social security costs<br>Pension costs|**Group**<br>**2025**<br>**£000**<br>**11,631**<br>**1,300**<br>**2,078**<br>**15,009**|_Group_<br>_2024_<br>_£000_<br>_10,606_<br>_1,080_<br>_1,749_<br>_13,435_|**Charity**<br>**2025**<br>**£000**<br>**11,631**<br>**1,300**<br>**2,078**<br>**15,009**|_Charity_<br>_2024_<br>_£000_<br>_10,606_<br>_1,080_<br>_1,749_|
|---|---|---|---|---|
|||||_13,435_|



During the year, the Charity made termination payments totalling £347,000 (2024: £16,000) under settlement agreement terms. At the balance sheet date, there were no outstanding commitments for termination payments. 

Page 45 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **9. Staff costs (continued)** 

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

|Teaching staff<br>Support staff|**Group**<br>**2025**<br>**No.**<br>**149**<br>**192**<br>**341**|_Group_<br>_2024_<br>_No._<br>_150_<br>_186_<br>_336_|**Charity**<br>**2025**<br>**No.**<br>**149**<br>**192**<br>**341**|_Charity_<br>_2024_<br>_No._<br>_150_<br>_186_|
|---|---|---|---|---|
||||||
|||||_336_|



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

||**Group**|_Group_|
|---|---|---|
||**2025**|_2024_|
||**No.**|_No._|
|In the band £60,001 - £70,000|**9**|_4_|
|In the band £70,001 - £80,000|**5**|_2_|
|In the band £80,001 - £90,000|**2**|_3_|
|In the band £100,001 - £110,000|**1**|_1_|
|In the band £200,001 - £210,000|**1**|_1_|



No member of the Council of Management received any remuneration from the trustee company or School. 

One member of the Council of Management was reimbursed for out-of-pocket expenditure in the year of £68 _(2024: None)_ . 

Key management remuneration in the year totalled £1,119k _(2024: £1,031k)_ in respect of the Head, Bursar and Senior Leadership Team as listed on pages 1 and 2. 

Page 46 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **10. Tangible fixed assets** 

## **Group and Charity** 

|**Cost or valuation**<br>At 1 September 2024<br>Additions<br>Disposals<br>Transfers between<br>classes<br>Other adjustments *<br>At 31 August 2025<br>**Depreciation**<br>At 1 September 2024<br>Charge for the year<br>On disposals<br>At 31 August 2025<br>**Net book value**<br>At 31 August 2025<br>_At 31 August 2024_|**Freehold**<br>**property**<br>**£000**<br>**7,019**<br>**-**<br>**-**<br>**-**<br>**(2)**<br>**7,017**<br>**1,172**<br>**123**<br>**-**<br>**1,295**<br>**5,722**<br>_5,847_|**Long-term**<br>**leasehold**<br>**property**<br>**£000**<br>**5,455**<br>**-**<br>**-**<br>**3,065**<br>**(8)**<br>**8,512**<br>**838**<br>**104**<br>**-**<br>**942**<br>**7,570**<br>_4,617_|**Short-term**<br>**leasehold**<br>**property**<br>**£000**<br>**2,343**<br>**-**<br>**-**<br>**2,042**<br>**(13)**<br>**4,372**<br>**1,614**<br>**257**<br>**-**<br>**1,871**<br>**2,501**<br>_729_|**Plant,**<br>**equipment,**<br>**fixtures and**<br>**fittings**<br>**Assets in the**<br>**course of**<br>**construction**<br>**£000**<br>**£000**<br>**8,336**<br>**2,186**<br>**631**<br>**2,921**<br>**(64)**<br>**-**<br>**-**<br>**(5,107)**<br>**(396)**<br>**-**<br>**8,507**<br>**-**<br>**4,711**<br>**-**<br>**797**<br>**-**<br>**(9)**<br>**-**<br>**5,499**<br>**-**<br>**3,008**<br>**-**<br>_3,625_<br>_2,186_|**Total**<br>**£000**<br>**25,339**<br>**3,552**<br>**(64)**<br>**-**<br>**(419)**<br>**28,408**<br>**8,335**<br>**1,281**<br>**(9)**<br>**9,607**<br>**18,801**<br>_17,004_|
|---|---|---|---|---|---|



Included in freehold property is freehold land at valuation of £1,819,860 which is not depreciated. 

Assets in the course of construction relate to costs associated with the 15 Upper King Street and Lower School Capital Development Projects. 

* Other adjustments are in relation to VAT recovered during the year on fixed assets. 

Page 47 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **11. Investment property Group** 

|**Valuation**<br>At 1 September 2024<br>At 31 August 2025<br>**Charity**<br>**Valuation**<br>At 1 September 2024<br>At 31 August 2025|**Freehold**<br>**investment**<br>**property**<br>**£000**<br>**730**|
|---|---|
||**730**|
||**Freehold**<br>**investment**<br>**property**<br>**£000**<br>**730**|
||**730**|



The freehold investment properties are included at open market valuation determined by the Council of Management's valuation as at 31 August 2025 based on a formal valuation dated 30 August 2024 by Brown & Co - Property and Business Consultants LLP. The properties are held to produce income and capital growth and have an estimated historical cost of £116,432 _(2024: £116,432)_ . 

Page 48 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **12. Fixed asset investments** 

|**Group and Charity**<br>**Cost or valuation**<br>At 1 September 2024<br>Additions<br>Disposals<br>Revaluations<br>At 31 August 2025<br>**Net book value**<br>At 31 August 2025<br>_At 31 August 2024_<br>The majority of investments were gifted.|**Listed**<br>**investments**<br>**£000**<br>**1,881**<br>**414**<br>**(419)**<br>**(16)**<br>**1,860**<br>**1,860**<br>_1,881_|
|---|---|



The historic cost of listed investments on 31 August 2024 was £1,593k _(2024: £1,523k)_ . 

The School owns the entire issued share capital, £2, of its subsidiary undertaking Norwich School Enterprises Limited, a company registered in England and Wales (company number 03538479), which is now dormant. As at 31 August 2025, the company had net liabilities amounting to £1,569 _(2024: £1,596)_ . 

All investments are listed on the London Stock Exchange other than the investment in Norwich School Enterprises Limited. 

No investments represented more than 5% of the total value of the portfolio at 31 August 2025. ( _2024: No investments)_ . 

Investments are allocated between the funds as set out in Note 22 of the financial statements. 

Page 49 



**KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **13. Debtors** 

|**Due within one year**<br>Trade debtors<br>Other debtors<br>Prepayments and accrued income|**Group**<br>**2025**<br>**£000**<br>**258**<br>**124**<br>**1,033**<br>**1,415**|_Group_<br>_2024_<br>_£000_<br>_228_<br>_9_<br>_1,024_<br>_1,261_|**Charity**<br>**2025**<br>**£000**<br>**258**<br>**124**<br>**1,033**<br>**1,415**|_Charity_<br>_2024_<br>_£000_<br>_228_<br>_9_<br>_1,024_|
|---|---|---|---|---|
||||||
|||||_1,261_|



## **14. Creditors: Amounts falling due within one year** 

|Bank loans<br>Fees received in advance<br>Trade creditors<br>Other taxation and social security<br>Obligations under finance lease and hire<br>purchase contracts<br>Other creditors<br>Accruals and deferred income|**Group**<br>**2025**<br>**£000**<br>**194**<br>**3,520**<br>**965**<br>**309**<br>**43**<br>**100**<br>**571**<br>**5,702**|_Group_<br>_2024_<br>_£000_<br>_194_<br>_3,920_<br>_1,621_<br>_264_<br>_44_<br>_346_<br>_620_<br>_7,009_|**Charity**<br>**2025**<br>**£000**<br>**194**<br>**3,520**<br>**965**<br>**309**<br>**43**<br>**100**<br>**571**<br>**5,702**|_Charity_<br>_2024_<br>_£000_<br>_194_<br>_3,920_<br>_1,621_<br>_264_<br>_44_<br>_346_<br>_620_|
|---|---|---|---|---|
||||||
|||||_7,009_|



Obligations under finance lease and hire purchase contracts of £43k _(2024: £44k)_ are secured on the assets to which the liability relates. 

The bank loan is secured, as detailed in note 15. 

Page 50 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Deferred income** 

The table below includes both amounts due within one year (Note 14) and after more than one year (Note 15). 

Deferred income due within one year totals £3,685k (2024: £4,001k) which consists of £3,520k (2024: £3,920k) fees received in advance and £165k (2024: £81k) of income received in respect of donations for use in funding bursary awards in the next financial year. 

Fees in advance which are due in over one year total £919k (2024: £1,456k) as detailed in Note 15. 

|Deferred income at 1 September 2024<br>Resources deferred during the year<br>Amounts released from previous periods<br>**Deferred income at 31 August 2025**|**Group**<br>**2025**<br>**£000**<br>**5,457**<br>**4,604**<br>**(5,457)**<br>**4,604**|_Group_<br>_2024_<br>_£000_<br>_3,047_<br>_5,457_<br>_(3,047)_<br>_5,457_|**Charity**<br>**2025**<br>**£000**<br>**5,457**<br>**4,604**<br>**(5,457)**<br>**4,604**|_Charity_<br>_2024_<br>_£000_<br>_3,047_<br>_5,457_<br>_(3,047)_|
|---|---|---|---|---|
|||||_5,457_|



## **15. Creditors: Amounts falling due after more than one year** 

|Bank loans<br>Fees received in advance<br>Net obligations under finance lease and hire<br>purchase contracts|**Group**<br>**2025**<br>**£000**<br>**357**<br>**919**<br>**82**<br>**1,358**|_Group_<br>_2024_<br>_£000_<br>_523_<br>_1,456_<br>_10_<br>_1,989_|**Charity**<br>**2025**<br>**£000**<br>**357**<br>**919**<br>**82**<br>**1,358**|_Charity_<br>_2024_<br>_£000_<br>_523_<br>_1,456_<br>_10_|
|---|---|---|---|---|
|||||_1,989_|



Obligations under finance lease and hire purchase contracts of £82k _(2024: £10k)_ are secured on the assets to which the liability relates. 

Page 51 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

Included within the above are amounts falling due as follows: 

|**Between one and two years**<br>Bank loans<br>**Between two and five years**<br>Bank loans|**Group**<br>**2025**<br>**£000**<br>**194**<br>**163**|_Group_<br>_2024_<br>_£000_<br>_194_<br>_329_|**Charity**<br>**2025**<br>**£000**<br>**194**<br>**163**|_Charity_<br>_2024_<br>_£000_<br>_194_|
|---|---|---|---|---|
|||||_329_|



Interest is charged on the Company's bank loan at a rate of 0.85% above the base rate. The loan is repayable by instalments until August 2028. 

## **16. Hire purchase** 

Minimum lease payments under hire purchase fall due as follows: 

|**Group and Charity**<br>Within one year<br>Between 1-5 years<br>Less: finance charges allocated to future periods|**2025**<br>**£000**<br>**52**<br>**91**<br>**(18)**<br>**125**|_2024_<br>_£000_<br>_46_<br>_10_<br>_(2)_|
|---|---|---|
|||_54_|



## **17. Capital commitments** 

|**Contracted for but not provided in these**<br>**financial statements**<br>Lower School development<br>Upper King Street|**Group**<br>**2025**<br>**£000**<br>**-**<br>**-**<br>**-**|_Group_<br>_2024_<br>_£000_<br>_2,125_<br>_427_<br>_2,552_|**Charity**<br>**2025**<br>**£000**<br>**-**<br>**-**<br>**-**|_Charity_<br>_2024_<br>_£000_<br>_2,125_<br>_427_|
|---|---|---|---|---|
||||||
|||||_2,552_|



Page 52 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **18. Pension commitments** 

## **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 £1,730k (2024: £1,477k) and at the year-end £Nil (2024: £196k) was accrued in respect of contributions to this scheme. 

The TPS is a statutory, contributory, defined benefit scheme, governed by the Teachers' Pension Scheme Regulations 2014. All teachers have the option to opt-out of the TPS following enrolment. The TPS is an unfunded scheme to which both the member and employer makes contributions, as a percentage of salary - these contributions are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. 

## _Valuation of the Teachers' Pension Scheme_ 

The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every 4 years. The aim of the review is to ensure scheme costs are recognised and managed appropriately and the review specifies the level of future contributions. 

Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as at 31 March 2020. The valuation report was published by the Department for Education on 27 October 2023, with the SCAPE rate, set by HMT, applying a notional investment return based on 1.7% above the rate of CPI. 

The key elements of the valuation outcome are: 

- employer contribution rates are currently set at 28.68% of pensionable pay (including a 0.08% administration levy). This is an increase of 5% in employer contributions and the cost control result is such that no change in member benefits is needed. 

- total scheme liabilities (pensions currently in payment and the estimated cost of future benefits) for service to the effective date of £262,000 million and notional assets (estimated future contributions together with the notional investments held at the valuation date) of £222,200 million, giving a notional past service deficit of £39,800 million. 

The valuation result is due to be implemented from 1 April 2024. The next valuation result is due to be implemented from 1 April 2027. 

A copy of the valuation report and supporting documentation is on the Teachers' Pensions website at: https://www.teacherspensions.co.uk/news/employers/2019/04/teachers-pensions-valuation-report.aspx 

Under the definitions set out in FRS 102, the TPS is an unfunded multi-employer pension scheme. The School is unable to identify its share of the underlying assets and liabilities of the plan. Accordingly, the School has taken advantage of the exemption in FRS102 and has accounted for its contributions to the scheme as if it were a defined contribution scheme. The School has set out above the information available on the scheme. 

Pension scheme as an alternative to the Teachers' Pension Scheme 

From 1 September 2022 the School began operating a new direct contribution pension scheme to provide teaching staff with an alternative option to the Teachers' Pension Scheme. The scheme is operated by APTIS and is on an 'opt-in' basis. 

Page 53 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **18. Pension commitments (continued)** 

## **Norwich School Defined Contribution Scheme** 

In addition to the alternative scheme noted above, the School also continues to operate the existing defined contribution scheme. The assets of the scheme are held separately from those of the School. The annual contributions payable are charged to the Statement of Financial Activities. 

## **Norwich School Defined Benefit Pension Scheme** 

The Group operates a defined benefit pension scheme. 

The Norwich School Pension Scheme, for non-teaching staff, is operated in the UK. A full actuarial valuation of the Scheme was carried out as at 6 April 2024, and the results updated to 31 August 2025 by a qualified independent actuary. 

Principal actuarial assumptions at the Balance Sheet date (expressed as weighted averages): 

||**At 31 August**|_At 31 August_|
|---|---|---|
||**2025**|_2024_|
||**%**|_%_|
|Discount rate|**6.1**|_5.1_|
|Price inflation (CPI)|**3.0**|_3.0_|
|Future increases to pensions deferment|**2.45**|_3.5_|
|Future increases to pensions in payment|**3.7**|_3.7_|



||**At 31 August**|_At 31 August_|
|---|---|---|
||**2025**|_2024_|
||**Years**|_Years_|
|Mortality rates (in years)|||
|- for a male aged 65 now|**86.5**|_86.3_|
|- at 65 for a male aged 45 now|**88.1**|_87.5_|
|- for a female aged 65 now|**89.0**|_88.8_|
|- at 65 for a female aged 45 now|**90.8**|_90.2_|



The Group's share of the assets in the scheme was: 

|**At 31 August**<br>**2025**<br>**£000**<br>Cash and other liquid assets<br>**254**<br>Investment funds<br>**684**<br>**Total fair value of assets**<br>**938**|_At 31 August_<br>_2024_<br>_£000_<br>_270_<br>_647_<br>_917_|
|---|---|



Page 54 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **18. Pension commitments (continued)** 

The actual return on scheme assets was £10,000 (loss) _(2024 - £19,000 gain)_ . 

The amounts recognised in the Consolidated Statement of Financial Activities are as follows: 

|Interest income<br>Interest cost<br>**Total amount recognised in the Consolidated Statement of Financial**<br>**Activities**|**2025**<br>**£000**<br>**(46)**<br>**30**<br>**(16)**|_2024_<br>_£000_<br>_(41)_<br>_28_<br>_(13)_|
|---|---|---|



Movements in the present value of the defined benefit obligation were as follows: 

|Opening defined benefit obligation<br>Interest cost<br>Actuarial (gains)/losses<br>Benefits paid<br>**Closing defined benefit obligation**|**2025**<br>**£000**<br>**593**<br>**30**<br>**(96)**<br>**(15)**<br>**512**|_2024_<br>_£000_<br>_552_<br>_28_<br>_22_<br>_(9)_<br>_593_|
|---|---|---|



Movements in the fair value of the Group's share of scheme assets were as follows: 

|Opening fair value of scheme assets before asset ceiling adjustment<br>Expected return on assets<br>Actuarial (losses)/gains<br>Contributions by employer<br>Benefits paid<br>**Closing fair value of scheme assets**|**2025**<br>**£000**<br>**917**<br>**46**<br>**(10)**<br>**-**<br>**(15)**<br>**938**|_2024_<br>_£000_<br>_768_<br>_41_<br>_19_<br>_98_<br>_(9)_<br>_917_|
|---|---|---|



In relation to the Norwich School Pension Scheme for non-teaching staff (a defined benefit scheme) the actuarial valuation on the plan for accounting purposes showed a plan surplus of £426k (2024 - £324k) at 31 August 2025, being the excess of scheme assets over the defined benefit obligation. 

A plan surplus is recognised in the financial statements as a defined benefit plan asset, only to the extent that the School can recover the asset either through reduced contributions in the future or refunds from the plan. The School notes advice that the prevailing view held by actuaries is that employers have no unconditional right to a refund from such defined benefit pension schemes, and that a minimum funding requirement for future service exists. 

Page 55 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **19. Operating lease commitments** 

At 31 August 2025 the Group and the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows: 

|Not later than 1 year<br>Later than 1 year and not later than 5 years<br>Later than 5 years|**Group**<br>**2025**<br>**£000**<br>**802**<br>**2,446**<br>**5,730**<br>**8,978**|_Group_<br>_2024_<br>_£000_<br>_728_<br>_2,418_<br>_6,020_<br>_9,166_|**Charity**<br>**2025**<br>**£000**<br>**802**<br>**2,446**<br>**5,730**<br>**8,978**|_Charity_<br>_2024_<br>_£000_<br>_728_<br>_2,418_<br>_6,020_|
|---|---|---|---|---|
||||||
|||||_9,166_|



## **20. Related party transactions** 

The assets and liabilities of the School are vested in a company limited by guarantee known as Norwich School, which acts as a bare trustee for the School. No transactions occurred between the School and the company during the year under review. 

At 31 August 2025 the School was owed £2,255 (2024: £2,255) by Norwich School Enterprises Limited, which is dormant. 

The School rents the majority of its properties from the Chapter of Norwich Cathedral which was represented on the Council of Management during the year and in the previous year by The Very Reverend Dr A Braddock and The Reverend Canon A Platten. The rents in the year, including those for the use of the Cathedral for the School's assemblies, amounted to £331,651 (2024: £347,531) of which £7,898 was still owed at year end (2024: £Nil). The School had £5,414 of sales to the Chapter of Norwich Cathedral (2024: £6,597) of which £971 was due to the School at the year end (2024: £Nil). In addition, the Chapter's 100% subsidiary company, Norwich Cathedral Enterprises Limited, provided catering services to the School totalling £293 (2024: £410) of which £Nil was outstanding at the year end (2024: £Nil). 

Ms D G M Jarrold, member of the Council of Management, is a director of Jarrold and Sons Limited, which, together with its division, Jarrold Training, provided goods and services to the School during the year totalling £1,835 (2024: £170), with £855 remaining due to Jarrold and Sons Limited at year end (2024: £550).  The School made sales of £Nil to Jarrold and Sons Limited in the year (2024: £550), of which £Nil was due after year end (2024: £Nil). 

Mr J M Hunter, member of the Council of Management, is a member of Mills and Reeve LLP, which provided legal services to the School during the year totalling £27,551 (2024: £106,596) with £775 remaining due to Mills and Reeve LLP at year end (2024: £441). The School had sales of £528 in the year to Mills and Reeve LLP, and £48 was due to the School at year end (2024: £360 sales and £80 due at year end). 

Mrs A Sarkar Roy, member of the Council of Management, is Treasurer and a Non-Executive Trustee of 8th Norwich Sea Scouts. The School made purchases from and sales to this charity during the year of £1,002 and £25,349 respectively (2024: £1,086 and £34,646 respectively). At the year end the school owed £1,002 (2024: £Nil) and was owed £5,385 (2024: £8,633) from the charity. 

Page 56 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **20. Related party transactions (continued)** 

Mr N Q Back, member of the Council of Management, is the Chair of the Norfolk Club, of which the School uses the gym facilities. The School made purchases from this charity during the year of £365 (2024: £7,776), of which £Nil remained due to the Norfolk Club at year end (2024: £Nil). 

Mr D Talbot, member of the Council of Management, is a Trustee of the Norfolk Broads Yacht Club. The School made purchases from the Norfolk Broads Yacht Club totalling £4,746 (2024: £7,544). There were no amounts outstanding at the year end (2024: £Nill). 

Dr A C Wood, member of the Council of Management, is a Council Member of the University of East Anglia. The School made purchases from UEA (including UEA Sportspark) totalling £17,161 (2024: £30,175) of which £Nil remained due to UEA at year end (2024: £Nil). 

Very Reverend Dr Andrew Braddock, member of the Council of Management, is the Vice-Chair of the Friends of Norwich Cathedral. The School made purchases of £75 from the Friends of Norwich Cathedral (2024: £Nil) of which £Nil remained at year end (2024: £Nil). 

Four members of the Council of Management, Mr N Q Back, Mr J M Hunter, The Reverend Canon A Platten and Dr A C Wood, have children or grandchildren at the School. Fees paid by these members are at the same rates applicable to all pupils. One member is in receipt of means-tested assistance. 

The children of staff, including those of the senior leadership, attend the School, these children are also subject to the standard fee rates and discounts. 

Page 57 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **21. Statement of funds** 

## **Statement of funds - current year** 

|**Balance at 1**<br>**September**<br>**2024**<br>**£000**<br>**Designated**<br>**funds**<br>School<br>development<br>fund<br>**1,950**<br>**General funds**<br>General Funds -<br>all funds<br>**15,387**<br>**Total**<br>**Unrestricted**<br>**funds**<br>**17,337**<br>**Endowment**<br>**funds**<br>Permanent<br>endowment<br>**3,273**<br>**Restricted**<br>**funds**<br>Bursary funds<br>**456**<br>Other restricted<br>funds<br>**1,061**<br>Scholarship<br>Fund<br>**1,325**<br>**2,842**<br>**Total of funds**<br>**23,452**|**Income**<br>**£000**<br>**Expenditure**<br>**£000**<br>**15**<br>**-**<br>**25,783**<br>**(25,531)**<br>**25,798**<br>**(25,531)**<br>**-**<br>**-**<br>**512**<br>**(188)**<br>**345**<br>**(356)**<br>**38**<br>**(6)**<br>**895**<br>**(550)**<br>**26,693**<br>**(26,081)**|**Transfers**<br>**in/(out)**<br>**£000**<br>**(1,959)**<br>**1,959**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**Gains/**<br>**(Losses)**<br>**£000**<br>**(6)**<br>**(16)**<br>**(22)**<br>**-**<br>**-**<br>**-**<br>**(29)**<br>**(29)**<br>**(51)**|**Balance at**<br>**31 August**<br>**2025**<br>**£000**<br>**-**|
|---|---|---|---|---|
|||||**17,582**|
|||||**17,582**|
|||||**3,273**|
|||||**780**<br>**1,050**<br>**1,328**|
|||||**3,158**|
|||||**24,013**|



Page 58 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **21. Statement of funds (continued)** 

## **Statement of funds - prior year** 

|**Designated funds**<br>School development<br>fund<br>Staff development fund<br>**General funds**<br>General Funds - all<br>funds<br>**Total Unrestricted**<br>**funds**<br>**Endowment funds**<br>Permanent endowment<br>**Restricted funds**<br>Bursary funds<br>Other restricted funds<br>Scholarship funds<br>**Total of funds**|_Balance at_<br>_1 September_<br>_2023_<br>_£000_<br>_597_<br>_200_<br>_797_<br>_15,826_<br>_16,623_<br>_3,273_<br>_298_<br>_998_<br>_1,202_<br>_2,498_<br>_22,394_||_Income_<br>_£000_<br>_14_<br>_-_||_Expenditure_<br>_£000_<br>_-_<br>_-_||_Transfers_<br>_in/(out)_<br>_£000_<br>_1,300_<br>_(200)_<br>_1,100_<br>_(1,100)_<br>_-_<br>_-_<br>_3_<br>_(3)_<br>_-_<br>_-_<br>_-_|_Transfers_<br>_in/(out)_<br>_£000_<br>_1,300_<br>_(200)_<br>_1,100_<br>_(1,100)_<br>_-_<br>_-_<br>_3_<br>_(3)_<br>_-_<br>_-_<br>_-_|_Gains/_<br>_(Losses)_<br>_£000_<br>_39_<br>_-_<br>_39_<br>_(111)_<br>_(72)_<br>_-_<br>_-_<br>_-_<br>_93_<br>_93_<br>_21_|_Balance at_<br>_31 August_<br>_2024_<br>_£000_<br>_1,950_<br>_-_|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||_1,950_|
||||_14_||_-_||_1,100_||||
||||||||||||
||||_25,899_<br>_25,913_<br>_-_<br>_322_<br>_452_<br>_36_<br>_810_||_(25,127)_<br>_(25,127)_<br>_-_<br>_(167)_<br>_(386)_<br>_(6)_<br>_(559)_||_(1,100)_<br>_-_<br>_-_<br>_3_<br>_(3)_<br>_-_<br>_-_|||_15,387_<br>_17,337_<br>_3,273_|
||||||||||||
||||||||||||
||||||||||||
||||||||||||
|||||||||||_456_<br>_1,061_<br>_1,325_|
|||||||||||_2,842_|
||||||||||||
||||||||||||
|||||||||||_23,452_|
||||_26,723_||||_-_||||



Page 59 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Endowment fund** 

The permanent endowment fund consists of investments, properties and the original school buildings arising from endowments. 

## **Restricted funds** 

Restricted bursary funds include the funds set out below: 

Bowling Family Bursary - this is a Senior School bursary awarded to one particular student. 

Bursary Campaign Fund - utilises monies generated by the Development Office's Bursary campaign to provide means-tested assistance across the Senior School. This includes awards made for those on the Norfolk Sixth Form Scholars Scheme, which offers transformational support to five pupils for the duration of their Sixth form career. 

Cathedral Chorister Fund - funds received from Norwich Cathedral to contribute towards fees of choristers who attend Norwich School. 

The ON Bursary Fund consists of funds received from alumni (Old Norvicensians) towards bursaries. 

Choir Schools Association Bursary, Dyers Bursary Award, French Huguenot Trust Bursary, The Friends of Norwich School Bursary, Charles Peel Bursary, Staff Bursary and The Wait Family Bursary, MorseBoycott Trust Bursary - means tested bursary awards to pupils requiring financial assistance towards their school fees. 

Other restricted funds include the funds set out below: 

The Annual Fund - Headmaster's Discretionary Fund - funds received from the public towards projects which directly benefit the School, its pupils and the wider community. 

The Annual Fund - Pupil Enrichment Fund - funds received from the public towards specific projects to encourage the children at the School to develop broader skills and equip them for life. 

Capital Fund - funds raised for planned building projects at the School. 

Ogden Trust grant - represents funds received towards the continuation and extension of physics outreach work, the set up and delivery of a language programme and various school holiday courses for pupils of other local schools. 

Horatio Society - funds raised by pupils to be allocated to projects in the School at their discretion. 

Investing in Our Future - an annual fund campaign that encouraged people to give to one of three pots (Headmaster's discretionary Fund, Pupil Enrichment Fund or Bursaries) under the umbrella term of Investing in Our Future. 

Sebastian John Award - Funds received from the public to create a pupil award fund in memory of a former pupil who died. 

The Council of Management separately maintains a Scholarship Fund, which provides monies towards the provision of prizes, awards, scholarships and financial assistance for pupils of the School. A Dyers Scholarship Fund was created for the benefit of specific pupils. 

Page 60 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Designated Funds** 

The Council of Management designates certain funds on an annual basis, and there is currently one designatued fund. 

The School Development Fund related to amounts designated for future School Capital projects. Funds allocated for this purpose were invested within the School's listed investment portfolio and bank notice accounts.  Income allocated to the fund related to dividends received from listed investments and interest. Gains/(losses) during the year related to gains on revaluation and on disposal of listed investments. Following completion of the major capital projects at the Lower School and at Upper King Street, the opening balance of £1,950k on the School Development Fund has been released in full to General Funds in order to cover future depreciation costs on these leasehold property improvements. 

## **22. Summary of funds** 

## **Summary of funds - current year** 

|**Balance at 1**<br>**September**<br>**2024**<br>**£000**<br>Designated<br>funds<br>**1,950**<br>General funds<br>**15,387**<br>Endowment<br>funds<br>**3,273**<br>Restricted funds<br>**2,842**<br>**23,452**|**Balance at 1**<br>**September**<br>**2024**<br>**£000**<br>Designated<br>funds<br>**1,950**<br>General funds<br>**15,387**<br>Endowment<br>funds<br>**3,273**<br>Restricted funds<br>**2,842**<br>**23,452**|**Income**<br>**£000**<br>**Expenditure**<br>**£000**<br>**15**<br>**-**<br>**25,783**<br>**(25,531)**<br>**-**<br>**-**<br>**895**<br>**(550)**<br>**26,693**<br>**(26,081)**<br>_Income_<br>_£000_<br>_Expenditure_<br>_£000_<br>_14_<br>_-_<br>_25,899_<br>_(25,127)_<br>_-_<br>_-_<br>_810_<br>_(559)_<br>_26,723_<br>_(25,686)_|**Transfers**<br>**in/(out)**<br>**£000**<br>**(1,959)**<br>**1,959**<br>**-**<br>**-**<br>**-**<br>_Transfers_<br>_in/(out)_<br>_£000_<br>_1,100_<br>_(1,100)_<br>_-_<br>_-_<br>_-_|**Gains/**<br>**(Losses)**<br>**£000**<br>**(6)**<br>**(16)**<br>**-**<br>**(29)**<br>**(51)**<br>_Gains/_<br>_(Losses)_<br>_£000_<br>_39_<br>_(111)_<br>_-_<br>_93_<br>_21_|**Balance at**<br>**31 August**<br>**2025**<br>**£000**<br>**-**<br>**17,582**<br>**3,273**<br>**3,158**|
|---|---|---|---|---|---|
||||||**24,013**|
||||||_Balance at_<br>_31 August_<br>_2024_<br>_£000_<br>_1,950_<br>_15,387_<br>_3,273_<br>_2,842_|
|**Summary of funds - prior year**||||||
|Designated<br>funds<br>General funds<br>Endowment<br>funds<br>Restricted funds|_Balance at_<br>_1 September_<br>_2023_<br>_£000_<br>_797_<br>_15,826_<br>_3,273_<br>_2,498_<br>_22,394_|||||
||||||_23,452_|



Page 61 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **23. Analysis of net assets between funds** 

## **Analysis of net assets between funds - current year** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£000**<br>Tangible fixed assets<br>16,411<br>Fixed asset investments<br>639<br>Investment property<br>730<br>Current assets<br>6,862<br>Creditors due within one year<br>(5,702)<br>Creditors due in more than one year<br>(1,358)<br>**Total**<br>17,582|**Restricted**<br>**funds**<br>**2025**<br>**£000**<br>-<br>1,066<br>-<br>2,092<br>-<br>-<br>3,158|**Endowment**<br>**funds**<br>**2025**<br>**£000**<br>2,390<br>155<br>-<br>728<br>-<br>-<br>3,273|**Total**<br>**funds**<br>**2025**<br>**£000**<br>**18,801**<br>**1,860**<br>**730**<br>**9,682**<br>**(5,702)**<br>**(1,358)**<br>**24,013**|
|---|---|---|---|



## **24. Reconciliation of net movement in funds to net cash flow from operating activities** 

|Net income for the year (as per Statement of Financial Activities)<br>**Adjustments for:**<br>Dividends received<br>Rents received from investment properties<br>Interest receivable<br>Interest payable<br>Depreciation<br>Revaluation of investments<br>Loss on disposal of fixed assets<br>Decrease in stock<br>(Increase)/decrease in debtors<br>Increase/(decrease) in creditors<br>Pension scheme non-cash movements<br>**Net cash provided by/(used in) operating activities**|**Group**<br>**2025**<br>**£000**<br>**577**<br>**(47)**<br>**(62)**<br>**(326)**<br>**41**<br>**1,281**<br>**16**<br>**2**<br>**(1)**<br>**(154)**<br>**(1,843)**<br>**(16)**<br>**(532)**|_Group_<br>_2024_<br>_£000_<br>_1,169_<br>_(44)_<br>_(62)_<br>_(467)_<br>_53_<br>_1,046_<br>_(144)_<br>_89_<br>_(11)_<br>_(115)_<br>_3,466_<br>_(111)_<br>_4,869_|
|---|---|---|



Page 62 



## **KING EDWARD VI GRAMMAR SCHOOL, NORWICH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **25. Analysis of cash and cash equivalents** 

|Cash at bank and in hand<br>**Total cash and cash equivalents**|**Group**<br>**2025**<br>**£000**<br>**8,234**<br>**8,234**|_Group_<br>_2024_<br>_£000_<br>_11,542_|
|---|---|---|
||||
|||_11,542_|



## **26. Analysis of changes in net debt** 

|Cash at bank and in hand<br>Debt due within 1 year<br>Debt due after 1 year<br>Hire purchase|**At 1**<br>**September**<br>**2024**<br>**£000**<br>**11,542**<br>**(194)**<br>**(523)**<br>**(54)**<br>**10,771**|**Cash flows**<br>**£000**<br>**(3,308)**<br>**-**<br>**196**<br>**(60)**<br>**(3,172)**|**Other non-**<br>**cash**<br>**changes**<br>**£000**<br>**-**<br>**-**<br>**(30)**<br>**(11)**<br>**(41)**|**At 31**<br>**August**<br>**2025**<br>**£000**<br>**8,234**<br>**(194)**<br>**(357)**<br>**(125)**|
|---|---|---|---|---|
|||||**7,558**|



## **27. Financial instruments** 

||**Group**|_Group_|**Charity**|_Charity_|
|---|---|---|---|---|
||**2025**|_2024_|**2025**|_2024_|
||**£000**|_£000_|**£000**|_£000_|
|**Financial assets**|||||
|Financial assets measured at fair value|||||
|through income and expenditure|**1,860**|_1,881_|**1,860**|_1,881_|



Financial assets measured at fair value through income and expenditure comprises listed investments. 

Page 63