REGISTERED CHARITY NUMBER: 528769
Report of the Trustee5 and
Co]Trsolidoted Financial Ststements for the Year E]￿ed 31 March 2024
for
THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD Vt AT
STRATFORD UPON AVON

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
srRATFORD UPON AVON
Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trnstee5
Ito6
Report of the Independent Auditors
7t09
Consolidated Statement of Financial Activities
io
Charity Statement of FinaThcial Activities
Con501idaied Balance Sheet
12to13
Charity Balance Shect
14 to 15
Cash Flow state[￿nt
16
Notes io the Cash Flow Statement
17
Notes to the Financial Statements
18to32
Detailed StateFnent of Financial Activities
33to34

THE TRUSTEES OF THE GRAMMAR SCH(IOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Report of the TrL5¢ees
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their Ttport with the financial statements of the charity for the year ended 31 March 2024. The
(rustees have adOp￿d the provisions of Accouniing and Reporting by Charities: Staiement of Recommended Practice
applicable to charities preparing their accounrs in accordance with the Financial Reporting Stsndard applicable in the
UK and Republic of tttland (FRS 1021 (effective l January 2019).
OBJECTIVES AND ACTivrriES
ObJe¢tlves 4nd aims
The Charity's object and principal 2¢tivity is the provision of item& service5 and facilitie5 for the Academy called The
Grammar School of King Edward Vl at Strnrford-Upon-Avon.
At 31 March 2022. the tsading aetivity and a58ets of KES Trustees Ltd were transferred to a newly fomied Charitable
lncotpora￿d Oiganisation Icto). Shakespeore's Schoolroom Tn￿1. The CIO is not under control of ihe charity however
li opera￿S closely with the ctwitable group and has similar objectives of KES Trustees Lid - co preserve and maintain
Ihe ShakeS￿are's SchwlFOOrn and Guildha]l. In addition, the CIO aims to be proactive and utilise resi)urces available
to the enLiry which was restri¢t¢d to the trdding subsidiary. The donaiion of assets and irade was made by the charitable
gtoup in hope that the CIO meeis their objectives and aims which in tum will benefit the chariry from a reputsiional
stand point whilst providing the 5￿uritY to the chariiable group by e]irninattng the trading risk On￿ in KES TnJ￿ees
Limited.
Public benefit
The Tn]siees have considered the Charity Commission Guidanee on Publi¢ Benefit a¢¢ordan¢e with the Charities
A¢t2011_
In order lo fulfil its charitable purpose the sttr owned by this CIMrity must Occllpied by a seiM)ol as defined by the
Education Acts.
The Charity caThies out this object by:
Providing funding directly to the Academy to support the opetational fi[￿leeS of the School. As a small s¢hool with
few economies of scale this funding..
l. Sustain5 the SchoDI as a viable 3-fomi entry organisation.
2. Enable5 the School to operate an extended Key Stage 4 provision in which students start GCSES in Year 9 and a
able to receive a broader education in a greater range of subjects than would ordinarily be possible.
3. Enables the continued provision of a broad curriculum at Key Stage 5.
4. Allows students to perforn] music at events in and beyond the Sch(￿1 for public benefit.
Cornrnis5ioning and or contsibuting to large scale projects some of which sit beyond t￿ scope of public funding. #ll of
which are beneficial to the School and its students, as follow5..
l. Heritage Lottery Funding, augmented by additional funds from the Charity, was secured in 2015 to enable the
refurbishmellt of the histori¢ Shakespeare's Schoolroom and Guildhall. This enabled it to open to the paying public in
2016 as an attraction providing supp)rt to susrain the future of the ScFK)ol's historic buildings.
The wider public benefit of access to. and learning aboui, the early life and education of William Shakespeate in the
of the 400th at￿iV￿5ary of his death cannot be underestimated.
Page I

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD Vt AT
STRATFORD UPON AVON
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES Af4D ACTIVITIES
2. The Dyson Science Building was entirely funded by a 2(kyear loan negotiated and resourced by the Trustee body in
2008 and provides exemplar science facilities for the 21st century.
3. In lighi of the School being unsuccessful in bidding for Academies Capita] Maintenance Funds for sixth for
expansion. the Charity negotiated and is funding the lease ol space in an adjacent District Council building in order to
accommodate 51Xth fomi teachIng and study for which the existing school site has no Ca￿ltY. This extra space is
fundamentally imp)rtant in advance of a new bid for Condition Improvernent FllndÉng.
4. In recent years the Ch￿lty has also underwriiien oiher projects to deliver a new Drama Studio. cteate a new F(x)d
Technology spxe and to purchase a iemporary library all of which have enhanced the School significantly.
Supptsrting other STnaller scale projects or reactive repairs required by the Sch(K)I with wider public benefit.
ACHIEVEMENf AND PERFORMANCE
Charltable aetlvities
The Schoolroom arKI Guildhall were opened io the public in April 2016. Thi5 was funded by HLF Grant fundttlg of
£1.787.402. iogether wilh other grdnts obtained by the Charity and the Charity'5 own funds. Feedback on the quality of
the restor￿10￿ and the visitor experience as a whole has been very positive. It is now one of Ihe leading iourist
attractions in Stratford-upon-Avon. The projeci was compleied in 2017.
Throughoui (he 2023-24 financial year the ￿ar1(Y continued to support the sch￿)1. giving additional supp)rt for
building maintenance, capitul projects 8nd salary Inc￿ ases and exploring Opiions to provide additional Spa￿ for school
aciivities. The Trustee5 intend to support the fundraising for the Ronnie Mulryne Ampkn"theaire. in memory of Professor
Mulryne who, as a T￿S[ee, devoied so much of his time to supporting the Sch(￿1. The Ttustees were also delighted to
suppori a celebrdtion for KES staff in tecognition of being the Sunday Times State khool of the Decade and also
achieving Outstanding in All ATeas in a recent Ofsted inspection.
Fundraising actiiitles
During Ihe course of the Ye￿ the Trustees were delighted and very wteful io receive a generous grant from the
following donor:.
* William Tyler Charity
From time to lime the Charity re¢eives donations from forrner pupils of the school bui is not aaively fundrdising to
solicit donations.
FINANCIAL REVIEW
Financial position
Following refurbishment of17a Church Street the property has been lei to teaching staff at the School via the offices of
the Headmaster.
A5 th¢ properties are now conSide￿d essential for the ad￿l￿]stration of ihe School ihe Trustees have consid¢red the
value of the properties and deemed them to b¢ held at fair value as per the ch￿lty SORP. The weviously used informal
valuation of £956.00012023 - £956.(KIOI has therefore been retained in these accounts.
Cash reserves of £752.27712023 - £766.045) have been deposited with si(Kkbrokers for investh￿nI pending their use
on capiial projects. Incom¢ received from these fund5 is as follows.. UK investmenis £32,135 {2023 - £32,898), interest
on cash held £24 {2023 - £4).
A summary of the investments can Ee found on note 19 to the Accounrs.
Page 2

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD iIPON AVON
Report ofthe Trustees
FOR THE TrIAR ENDED 31 MARCH 2024
FINANCtAL REVIEW
The Trnstees report a surplus for the charity for the year of £101,680 (2023 - deficit of £158,962) and a consolidated
surplus of £97,260 (2023 deficit of £157,703).
Incon)e receivable from the Guild Estate for 2024 was £762.141 {2023- ￿94,409).
Investment pollcy 2nd obJectives
Funds have ￿en placed with an investment manager under a disC￿tionarY agreement with an investment strategy for
capitsl growth and m(MJeratr risk.
Reserves policy
The Trustees objective is io maintsin cash and readily realisable investments of £lm in order to finance the Dy51)n
building loan repayments. Free reserves are measllred as general reserves after excluding fixed assets relating to the
building and relaied loans. At the year end there w¢r¢ fre¢ reserves of £1,019,270 (2023 - £925.3511.
It is appreciated by the Trnstees that this fIgure may significantly redu¢c whilst ihe projects are pr￿eeding. The
Trustees receive quarterly accounting reports to enable them to monitor this.
The stocks and shaJEs held are considerd to be short terwn investments being Ikld while finanee is obtained for capital
projec(&
The TrUs￿eS aim to ensure that sufficient fijnds are retained from income arising ro meet Ihe annual administration
expenses of the Ttust including the financing of ihe loan repaymenis. Ihereafter ensuring all income is urilised in
furtherdnce of the Tn]st objective.
The Charity's tota] con501idated reserves were £10,077.394 as at 31 March 2024 (2023 _ £9,980.134). Of these reserves
£1,221,262 are restricted to support ihe restora(ion ol Guildhall and Shakespeare's Schoolroom {2023 - £1.261,893). In
addition, £4,785,270 of the ioral reserves are held in an Endowmeni fund relating to land and propeny held in
Stratford-Upon-Avon (2023 - £4,785,270).
FLrruRE PLANS
The Charity continues to work ¢losely with th¢ school tts iJnprove the S¢hool Estate and fac]Iilies and is exploring the
P95sibiiity of sellsng land in order to fund improved 5Wrts facilitie&
ew
cience Block
With rnonthly donations of only £5 now being received no further large repayment5 are ex￿cted to be ]nad¢ other than
from the Ttusiees own resouree5.
vel
ment
e School's Facilitie5
At the 31 March 2024. the Trustees consider that their financial resources are svffi¢ieDt io enabl¢ them to Eneet the
cOM￿lt￿ents they have n￿de to ￿VelOP the facilities of the school.
STRucfuRE, GOVERNANCE AND MANAGEMENT
Governing doLument
The charity is controlled by its governing d￿Ument. a (ked of trust. and constitutes an Unincotpord￿d chariLy.
Page 4

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON A VON
Report of the Tr￿teeS
FOR THE YEAR ENDED 31 MARCH 2024
srRucfuRE, GOVERNANCE AND MANAGEMENT
Charity constitution
The Charity was eonstituted on the 20th November 1998 in accordance with the Charity Commissioners, Scheme. The
Charity is io be administered in accordance with the schcmc, which Teplaces the fOrn￿r irusis of the Charity.
Reeruitment and appointment of new trustees
Appointmeni and removal of Tru%tee% is governed by the Scheme of the Chariiy d￿ed 20th November 1998.
Orga]Jtsational structure
The Trustees, body administers the charity. The Trustees usually meet quarterly. The principal matters of the Charity
continue tts outsourced to outside providers. The providers rewTrrt directly to the Chaimian and appropriate Tru5¢ees.
Decision mkking
With one trustee also serving as a Governor of the Schtx)I there is a close working relaiionship with the Governors
ensuring that their ideas and requireTnents are tsken into accollnt, subjeci to any financial resrrainis, when considuing
how the fi]nds available should P￿ spent for the benefit of the S¢hool and its pupils.
Induetion and training of new trustees
Trllstee5 are encouraged to consider the relevant Charity Commission publications where these will facilitate the
undertaking of their role.
Related partles
The chatity has two wholly owned subsidiartes. ￿ Ttustees Ltd which was established to operate Shakespeare's
Schoolroom a% a tourisi attraction and KES (Shakespeare's School) tnternational LiTnited which was forrned to promote
Shakespeare's School, internationally. Prtsfits frotn these sub5idsaTie% will be donated to the charsty. Following the
transfer of KES Trustee Ltd's trading activity to ShakeS￿art's Schoolro(Trm Trusl th¢ company was dissolved in
December 2024.
None of the Trnstees receive iemuneiation 01 other benefit frorn their work with the Charity. Any connection between
a trusiee or senior manager of the chatity with a supplier or visitors of the Charity must be disclosed to the full board of
trnstees in the same way as any other contrxtuai rtlationship with a related party. In the ¢urrent no such related
party rransacuons were reported.
Risk management
The Twstees have assessed the major risks to which the Chariiy is exposed. in particular those related to the operations
and finances of the Chariiy and are satisfied thai systems are in place io mitigate their exposure to the rn2jor rtsks.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Charity number
528769
Principal address
King Edward Vl Gratnrnar School
Church SÉreet
Straiford-Upon-Avon
Warwickshire
CV37 6HB
Page 4

THE TRUSTEES OF THE GRAMFdAR SCHOOL
OF KINC EDWARD VI AT
STRATFORD UPON AVON
Report of the Trustees
FOR THI YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Tr￿lee5
D F Au5tin- Appointed 5 February 2024
VGFMaEts
The Marquess of Hertford DL ARAgS
Cllr T G Sinclair
R Drain- Aptx)inted 29 April 2024
J R Downes- App(>inted 15 July 2024
A P M Bird OBE- Resigned 5 February 2024
M EdwaTds- Resigned 6 February 2024
D Ingle- Resign¢d 22 November 2024
High Sieward of stratford-u￿n-Avort
Appointee of Warwickshire County Council
Auditor5
TC Group
Celixir House,
Stratford Business & Technology Park.
Innovation Way.
Banbury Road,
Stratford-upon-Avon.
CV37 7GZ
Sollcltors
Lodders Solicitors
10 Elm Court
Arden Street
Stratford-UtK)n-Avon
CV37 6PA
Investment Managers
EFG Harris Allday
Church Mews
Ombersley
Worcesiershire
WR9 OEW
Page 5

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
srRATFORD UPON AVON
Re￿rt of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES RESPONSIBILrriEs
The Iru5tees are resFonsible for preparing the Report of the Tn]stees and the financial siaiements in accordance wilh
applicable law and UnLled Kingdoffl Accounting Standards (United Kingdom Generally Accewed Accouniing Praciice),
including Fsnancial ReportÈll8 Standard 102 "The Financial Reporting Srandard app]icable in ihe UK and Republic of
treland"
The law applicable to charities in England and Wales, che Chariiies Act 20RI. Charity (Accounts and Reports)
Regulations 2008 and the provisions of Ihe trust deed requires the trustees io prepare financial staiements for each
financial year which give a true and fair view of the state of affairs of the ¢harity and of the incoming resources and
application of resources, including the illCOEne and expenditure, of the charity for that ttriod. In prewdring those
financIal statetn£nts, the ttustee5 ate required to
select suitable accounting policie5 and then apply them con515teThtly-
observe the meihods and principles in the Charity SORP;
ake jlldgements and esti￿ateS that are reasonable and prudent;
state whether applicable accounting Standards have ken followed, subject to any material departures disclosed
and explained in the f￿ancial 5tatement5:
prepare the financial 5tatetnellts on the going c0￿Crn basis unles5 it is inappropriatr (o presume that the charity
will ¢(￿tinUe in business.
The trustees are responsible for keeping proper accounting tecoids which disclose with reasonable accllracy at any time
the financial position of ihe charity and (o enable thetn to en5uie that the financial 5tateTnents comply with the Charities
Act 2011. the Charity {Ac¢ounis and Reports} Regulations 2(K>8 and the provssions of the th]st deed. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonabl¢ steps for th¢ prevention and
deiection of fraud and other irregularities.
Approved by order of the board of ttusiees on 31 January 2025 and signed on its Ethalf by-
D Au5tin- Trnsiee
Page 6

Report of the Independent AudTtor5 to the Trustees of
THE TRUSTEEI S OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Opinion
We have a￿di￿d the financial staiements of The Ttustees of The Grammat School of King Edward Vl at Straifotd
Upon Avon {ihe 'parent ¢harity'l and its subsidiaries Iihe 'group') for the year ended 31 March 2024 which comptise
the Statement of Financial Acuvities. the Balance Sheet. the Cash Flow Staiemeni and notes to the financial siaternents.
including a summary of sisnifLcani accounting policies. The financial repc>rting framework thai has been applied in their
prepatation is applicable law and United Kingdom Aecounting Stsnd4Lrds (United Kingdom Generally Accepted
Accounting Piacucel. including Financial Reporting StAnd2rd 102 The Fitvdneiai RetK)rting Siandard applicable in the
UK and Republtc of Iteland..
In our opinion the fm3￿181 statements..
give a true and fair view of the state of the group's and parent charity's affairs as at 31 March 2024. and of the
group's incon)ing resources and application of iesources for the year then ended:
have been properly prepdred in accordan￿ with United Kingdom Generally Accepted Accounting Practice,
including Financial Reporting Standard 102 Ihe Financial Reporting Standard applicable in the UK and the
Republic of Ireland and
have been prepared in accordance with ihe requirements of the CTharities Act 2011.
Basis for opinion
We conducted our audit in accordance with Internatronal Standards on Auditing (UK) {ISAs (UK)) and appltcable law.
Our resEx>nsibilities under those siandatds are further described in Éhe Auditor's responsibihties for the audit of the
financial sta￿MentS sectton of oui report. We are independent of the ￿0UP and parent cimity in accordance with the
eihi¢al requirements that are relevant to our audit of the financial statement5 in ihe UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We bclieve
that the audit eYi(knce we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in reS￿¢t of the following matters in relation to which the ISAS {UK) require u5 to report to
yoll where:
the trllstees, use of the going concern basis of accounting in the preparation of the f￿anCial statements is not
appropriate. or
the trustees have not disc105ed in the financial staternents any identified material uncertainties that rnay cast
significant doubt about the group's or parent charity's ability to continue to adopt the going concern basi& of
accounting for a periixi of at least twelve months ftorn the date when the financial stateEnenlS are authorised for
issue
Other inforniation
The tiusiees are responsible for the other infoiThation. The other infomiaiion comprises the infomiation included in the
annual rewTrrt. oihei than the financial statetnents and our Report of the Inde￿ndert( Auditors thereon.
Our opinion on the financial statrnents does not cover other inforni*ion and we do not express any fomi of
assurance conclusion theieon.
In connection with our audit of the financial statements, our responsibility is to read the other inforniation and. in doing
so. consider whether the other inforfftation is materially inconsistnt with the financial Sta￿rnents or our knowledge
obtained in the audit or otherwise appears io be materially misststed. If. based on the Work we have Frfornled. we
conclude ihar there is a material Missta￿Ment of t￿"S other infomuiion, we are required to report that fact. We have
nothing to rep)rt in this regard.
Matters on which we are required to report by exception
We have not￿llg io report in respect of the following matters where the tharities Act 2011 requires us to retort to you
if, in our opinion..
the infomiation given in ihe Report of the Trustees is inconsisteni in any material respttt with the financial
statements . or
suffIcient accounting records have not been ke￿. or
the parent eharity's financial statements are not In agFeement with the accounting records; or
we have not received all the infom)ation and explanations we require for our audit.
Page 7

Report of the Independent Auditors to the Trustees of
THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Responsibilities of Irustees
As explained rnore fully in the Statement of Trustees Resp(>nsibilities, the trnstees are resrxTrnsible for the preparation of
the financial statements whieh give a true and fair view, and for such internal control as the trustees deiernvne is
necessary to enable rhe ptepatation of finawial statements that a￿ free frorn rnaierial MisSta￿Ment, whether due to
fraud or error.
In preparing the financiaI staternents, the twstee5 aTe responsible for assessing ihe group's and parent chariLy'S ability 10
continue as a going coneem, disclosing, as applicable, Tnatters rela￿d to going concern and using the going concern
basis of accounting unles5 the trustees either intend to liquidaie the group or the parent chariry or io cease operations, or
haye no realistic altemative but to do so.
Our respottsibilities for the audAt of the financial statements
Our objectives are to obiain ieasonable assurdnce about whether the financial sratements as a whole are free from
maietial mis5taternenr, whether due to fraud or e￿or. and to issue a Report of the Independent Audiwrs Ihat includes
our opinion. Reasonable aSSLtrance is a high level of assurance, but is not a gUaran￿e that an audii conducred in
aceoEdance with ISAS IUKI will 2lway5 detect a material Fnisstatement when ir exists. missra￿Men1S can arise frorn
fraud or error and are considered material if. individually or in the aggrega￿, they could reasonably be expectrd to
influence the economic decisions of users taken on the basi5 of these financial sta￿Ments.
Irregularities, including fraud. ate instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, oUt]i[￿d above, lo detect material tnisstatements in respecr of irregulariiies. including
fraud. The extent to which our pmceduies are capable of detecting i￿egularl￿es. including fraud is detailed below..
o Identifying and assessing the controls management has in place to prevent and detect fraud,.
o Understanding how those charged with governance considered and addressed the potential for override of controls or
other inappropriate influence over the fsnancial reporting pioce5S',
o Challetlging a55UrnPtions and judgtnentS tnade by rnanagetnent in its Significant a¢counting estimates and judgment5,
o Identifying and testing journal entries. in particulat journal entries P05ted with unusual a¢count combinations; and
o Assessing the extent of compliance with the relevant laws and regulation5.
Because of the inherent limitaiions of an audit. there 15 a Iisk that we will not detect a]1 irregularities in¢luding those
leading to a material missiaiement in the I1[￿KIal staternents or non-cornpliance with regulation. Thi's risk increases the
more that cotnpliance with a law or regulation is ternoved fro￿ the event5 and trattsactions reflected in the financial
statemcnrs, as we will be less likely to become aware of instances of non-ctstnpliance. The tisk is a]50 greatei regarding
irregulasities occurring due to fraud raiher ihan error. as fraud involves intentional Conceal￿ent, forgery, collu5iOll.
omission or misrepresentation.
A further description of our responsibilities for the audit of the financia] slatell￿nts is I[￿ated on the Financial
Reporting Council's website at www.frc.org.uklauditorsresponsibihties. This description forms part of our Report of
the Independent Auditors.
Page 8

Report of the Independent Auditors to the Trvslees of
THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Use ofour report
This report is made solely to the clmrity's trustees. as a body. in ac¢ordan¢e with Section 144 of the Charities Aet 2011
and regulations made llnder S¢¢tion 154 of that A¢1. Our audit WOTk has bcen undcrtaken so that we might state io t
charity's trust¢es thos¢ matteTS we are required to state to them in an auditors, Teport and for no other purpose. To ihe
fullest extent perfflittcd by law, we do not accept or assume tesponsibility to anyone other than the ch8Tity atKI the
charity'5 trustecs as a body. for our audit work for thi5 retL)rt, 01 for the opinions we have forJn¢d.
Mark Bullock (Senior Statutory Audiror)
For and on ￿halfofTc Group
Statuiory Auditors
Celixir House.
Stratford Business & Technology ParK
Innovation Way.
Banbury Road.
stratford-U￿n-AvO
CV37 7GZ
Date.. 31 Jalluary 2025
Page 9

THE TRUSTEES OF THE GRANNAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
CoD501idatsd Statement of Financial Activities
FOR THE YEAR Ef4DED 31 MARCH 2024
2024
Total funds
2023
Total fllnds
Unrestricted
fund
Restricted Endowment
fund
fund
Notes
INCOME AND
ENDOWMETrUS FROM
Donations and legacies
706,109
766,109
610,420
Trading Subsidiary
Investment in¢ome
Oiher income
31159
60
31159
60
32.902
Total
798J28
798,328
643,382
EXPEf4DITURE ON
Raising funds
Charlthble activities
Grattts to the Governors
Guild Hall Project
School development
Trading aetlvities
Trdding subsidiaTies expenses
5A
108,658
108,658
101,756
407,698
407,698
40,631
177,993
429,079
40,630
155,407
40,631
177,993
4,420
4,420
2,305
Total
69&769
40,631
739,41)0
729,177
Net gainsl(losses} on
investtnents
332
71,9081
NET
INCOMFI(EXPENDITUREI
137,891
140,631)
97,260
{157.7031
RECONCILIATION OF
FUNDS
Total funds brought forward
3,932,971
1,261,893
4,785,270
9,980,134
10,137,837
TOTAL FUNDS CARRIED
FORWARD
4.070,862
1,221,262
4.785,270 ￿94
9.980.134
The nt*es form part of these finan¢ial statements
Page 10

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Charity Statement of Financial Activities
FOR THE YEAR ENDED 31 MARCH 2024
2024
Total
funds
2023
Total
funds
UnEestEicled
fund
Restricted
fund
Endowment
fund
Notes
INCOME ATr4D
ENDOWMENfs FROM
Donation5 and legacies
766,109
766,109
610,420
Inve5tfftent income
Other income
32,159
60
32,159
32,902
60
Total
643.382
EXPENDITURE ON
Raising funds
5B
10&658
11)8,658
105,320
Charitable activitie5
Grants io the Governors
Guild Hall Project
School development
407,698
407,698
40,631
429,079
40.630
155.407
40,631
177,993
Total
694.349
730.436
Net gainslllossesl on
investmenis
71.908
NET
INCOMFJ{EXPENDITURE)
142,311
(40,631)
101,680
1158,962)
RECONCILtATION OF
FUNDS
Totsl funds brought forward
3,941,486
,261￿93
4,785270
9,98&649
10,147,611
TOTAL FUNDS CARRIED
FORWARD
4 083 797
1221262
4.785.270
10 090 329
9.988.649
The n￿eS forni part of these financial statements
Pagell

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Consolidjted Balance Sheet
AT 31 MARCH 2024
2024
Endowtnent Totsl furkds
fwid
2023
Totsl fund5
Unrestricted Restrieted
rund
fund
No￿$
FIXED ASSETS
Iniangible assets
Tangible assets
Investments
Residential ptDperty
14A
15
6,901
3,940,746
6,901
8,949,483
8,608
9,095,891
1,179,467
3,829,270
17
956,0(Kl
3947,647
1,179,467
4,785,270
9,911384
10,060,49)
CURRENT ASSETS
Debtors
Investments
Cash at bank
18A
19
269,148
752277
269,148
752,277
128,733
706,045
1,037,754
41,795
I,079￿49
956,329
CREDrroRS
Amounts falling due within one
20A
(207,944)
1207,944)
1169,833)
NET CURRENT ASSETS
829
9 41,795
871605
786,496
TOTAL Assyfs LESS
CURRENT LIABILITIES
4,777,457
1,221,262
4,785,270
10,78J989
10,846,995
CREDITORS
Amounis falling due after more
than one year
21
1706,595)
{706A95)
{866.861)
NET ASSETS
2 1221262
4 78S 270
10 077 394
9980 134
23
Unrestricted funds
Restricted funds
Endowment funds
4,070,862
1,221,262
3,932,971
1.261.893
4.785.270
TOTAL FUNDS
10 077 394
9.980 134
The notes forni part of these financi#l statements
Page 12
continued...

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD Vt AT
STRATFORD UPON AVON
Consolidated Balance Sheet- Continued
AT 31 MARCH 2024
The consolÉdated flnancial statrments were approved by the Board of Trustees on 31 January 2025 and were signed on
its behalf by..
D F Austin- Trustee
The notes form part of these financial $taternents
Page 13
continued...

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Charily Balance Sheet
AT 31 MARCH 2024
2024
Total
funds
2023
Total
funds
Unresuictrd
fund
Restricted
fund
Endowment
fund
Notes
FIXED ASSETS
Tangible assets
Investments
Investments
InVe￿rne￿t property
IS
3,940,746
1,179,467
3￿29370
8,949,483
9,095.89l
16
17
95
956,(KMI
3940,750
1,179,467
4,785270
9,90S,4&1
10.051,895
CURRENT ASSETS
Debtors
Lnvestsnents
Cash at bank
18B
19
288,680
752,277
16.329
288,680
752,277
145,552
766,045
61.551
1,057,286
41,795
1,1199,081
973.148
CREDITORS
Atnounts falling due within one
year
20B
1207,644)
(207,644)
1169,533)
NET CURRENT ASSETS
849 642
891437
803.615
TOTAL ASSETS LESS
CURRENT LIABILITIES
4,7911,392
I,22l,262
4,785,270
10,796,92A
10,855,510
CREDITORS
AmouDI.% falling due after more
than one year
21
1706,5951
(706,595)
{866,861)
NET ASSETS
4.083.7YI
1.221,262
4 785 270
10 090.329
9.988,649
FUNDS
Unrestricted funds
Res[ric￿d fundg
Endowment funds
4,083,797
1,221,262
4 785 270
3,941,486
1.261,893
4.785,270
TOTAL FtINDS
10 090 329
9.988,049
The notes forni part of these financial s¢aiemenis
Page 14
ontinued...

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KINC EDWARD VI AT
STRATFORD UPON AVON
Charity Balance Sheet- continued
AT 31 MARCH 2024
The financial statements were approved by the Board of Trustees on 31 January 2025 and were signed on its behalf by:
D F Ausun- Trnstee
The notes forni part of these fjnancial statements
Page 15

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
CoThsolidated Cash Flow Statement
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities:
Cash generated from operations
Enterest paid
128,599
164 378)
159,237)
42.1881
Net cash provided by {used in) operating
actiTruties
101,4251
Cash nows from investlng actlvltles:
Sale of cU￿ent assei InveSt￿entS
PllTchase of current a￿et investments
Dividends received
Interest received
138.431
187.3301
32,135
64,940
123,5431
32,898
Net cash provlded by (used 5nl Investing
actliltles
84
74.299
Cash flows from financing activities:
Loan repayments in year
JSI 908)
158.425)
Net cash provided by (used in) financing
aCti￿tieS
151908)
158,425)
Change in c&sh and cash equivalents in the
rewrting period
Cash and cash equivalents at the beginning of
the reporting period
13,427)
(185,551)
61
247 102
Cash and cash equlvalents at the end of the
repjrting period
58.124
61,551
Page 16

THE TRUSTEES OF THE G114MMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Notes to the Consolid#ted Cash Flow Statelnent
FOR THE YEAR ENDED 31 MARCH 2024
RECONCILIATION OF NET INCOME TO NET CASH FtA)W FROM oPERAT￿c AcrIvrrIFS
2024
2023
Net ineome for the reportlng perl(Ml (as per the statement of financial
activities)
Adjustments for:
Depreciation and amortisation charges
(Gainylosses on investrneTrts
Interest paid
Enterest re￿iVed
Dividends ￿ceiVed
(Increase)Idecrease in stock
Uncrease)Idecrease in debtors
Increaselldec￿asej in creditors
97,260
(157.703)
14&115
(38,332)
64,378
(24)
(32,13S)
148.113
71,908
42.188
14)
(32.898)
{140,415)
(53.856)
(76.985)
Net cash provided by {used in) operating aetlvities
59.237)
ANALYSIS OF CASH AND CASH EQUtVALENrs
At 1.4.23
Cash flow
At 31.3.24
Net eash
Cash at bank
13 427)
58.124
LRquid resources
cu￿ertt asset investhients
(13 768)
752.277
766 045
Debt
Debts falling due within l year
Debts falling due after l y&ir
1156.980)
(8,3581
{165J38)
(J 023 841)
151,9
(871933)
Total
134 713
1615321
Page 17

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Basis of pre￿rIng the financial statements
The financial statemenis of ihe charity. which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) 'Accollnting and Reporting by Chariii&s.' Statement of
Recommended Praciice applicable ￿ chariries preparing their accounts in accordance with the Financial
Reponing Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019),,
Financial Reponing Standard 102 The Financial Reporting Standard applicable in ihe UK and Republic of
Ireland, and the Charities Aci 2011. The financial statrments have been prepared under the historical cost
convention with the exception of investments which are included at market value.
The financial staternents are prepared in s(erling which is the functional curr¢wy of th¢ charity and are rounded
to the nearest£.
Going cOr￿er￿
The TrUs￿eS eonsider that there are no material uncertainties ab￿t the charity'5 ability to continue as a going
¢oncern.
Income
Recognition of Incotne
All income is recognised in the Statetnent of Financial Acliviiies once the chariry has eniitlement to the funds. it
is probable thai the in¢ome will E¢ received and rhe amount can be measured ttliably.
otTsetting
There ha5 been no offsetting of assets and expenses, unless required or pemiittd by the FRS 102 SORP.
Grants donations
Grants and donations ￿ only in¢luded in the SOFA when the genera] income recognition criteria atE met (5.10
- 5.12 FRS 102 SORP).
Income from interest and dlvldends
This Ès included in ihe accounts when receipt is probable and the amount receivable can be measured reliably.
Investment gaiDS and lo&ses
This includes any realised 01 untealised gain5 or losse5 on rhe sale of investments and any gain or loss resulting
from revaluing investments io market value at the end of the year.
Expenditure
Liability Recognltion
Liabilitie5 are reeognised where it is more likely Ihan not Ihat there is a legal or constnjctive obligation
committing the charity to pay out resources and the arnount of the oblig&tion can be measured with Teasonable
certainty.
GovernaDee and support costs
Supwrt costs have been alloCa￿d between goverDan¢e ¢ost5 and other support. Governance costs comprise all
costs involving Pub￿.¢ accountability of the chatity and it5 Cotnpliance with regulation and go(xl praaice.
Supwrt costs include central functions and hav¢ been allocated to activity cost categories on a basis consistent
with the use of restsurces.
Page 18

THE TRUSTEKS OF THE GRANfj4lAR SCH(M)L
OF K￿G EDWARD VI AT
STRATFORD UPON AVON
Notes to the Finanaal Statements- continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES- coDdnued
Grants payoble wlthout perforJnon¢e conditions
Where there OTC no condition5 attaching to the grant that enables donor ¢h8rity to realistically avoid the
¢ommitrnenl. a liability for the full funding obligation 1$ recognised.
Creditors
The Charity has creditors which are measured at settlement atnounts less any trade dI￿Ount$.
Grants offered subject to Conditions which have not been met at the year end dak an noted as a commitment
but not ACCLued as expenditure.
Tangible fixed assets charity
Fr¢ehold land is not deptr¢ja¢￿.
FixiuRs & Fittings art depre¢iated on a strnight line basis over a 10 year ￿riod.
Offi¢e Equipment is depre¢l￿ed on a straighi line basis over a 3 year ￿LOd.
School Buildin
Due to the historic origins of many of the buildings they have to be matntained in good working order. Because
of this they are considered to have indefimte useful lives and as such they have not been depreciated. but annual
impaim)ent reviews are undertaken to ensure their service potential Temains undiminithed.
To provide for the eventual replacemeni of other school buildings the Tw5tees have decided io introduce a
policy of writing off rhe construction costs of the buildings over the period of their expected u&rful lives. The
charge in the Statement of Financial Activities is calculated on a strdight line basis as follows.
To be written off over 60 yws following the end of the ftnanciai year in whieh constructton was completed
Completed in the yearended 3 1st March
1987
1995
1998
21K18
Fitzmaurice Building
New Arts Block
Levi Fox Hall
Denis Dyson Science Building
Investtnents
Residential properties 17A, 17B and 18 Church Street. Stratford-upon-Avon.
The above properties are now being used to provide accommodation foi ieactll"n8 Staff in addition to the on-site
school caretaker.
The original acquisition dales and costs of the properties are not known.
Due to the iesidential nature and location of the pioperties it is considered the proFCrties have indefinite uscflll
lives and a5 such they have not bEen depreciated ftom the last valuation figu￿ obtained for them. The valuation
figure of £956.(KX) is considered not to excttd the market value of the properties.
Annuat impa[r￿ent reYiew5 are undertaken to ensure the properttes remain fit for purpose.
Page 19

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD Vt AT
srRATFORD UPON AVON
Notes to the Financial Statements- continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUKIING POLICIES- continued
Intangible fixed a&sets charity
li is the policy of ihe Charity to capitalise expendslllre on establishing a market posiiion for providing a seTvi¢e
which is OFen to the general public.
These are Yalued at cost and will be WriLien off over three years.
Intanglble fixed a&8ets subsidiaries
Intangible assets initially measured ai cost. After iniiial recognition. intangible assers ore measured & cost
less any ac¢umulated amortisation and any accumulated impairnient lO￿t$.
Patents and licentts ale being amortised evenly over their estLm2ted usefvl life of ten years.
Investments
Fixed asset investmeni in the subsidiaries are valued ai Cost.
Financial instruments
A finan¢ial asset or a fina￿la1 liability is recognised only when the charity becomes paIty to t1￿ contractua]
provi.4ions oEth¢ insiruTnent.
Basic financial instruments are iniually recognised ￿ the amouni rtteivable or payable including any related
transacuon cosis.
Debt instruments are 5ubsequendy measured at arnortised cost.
Where investsnents in shares are publicly Iraded or their fair value can othenvise be meAsured reliably. the
invesimeni Is subsequently measured at faiT value wilh changes in fair value Ltcognised in income and
extenditure. All other such investments are 5ubsequendy [￿Sured at cost less impaimient.
Other financial instrutnenis, including derivauves, initially recognised at fair value, unless payw£ni for an
asset 15 deferred ityond nornial business tetEDS or financed at a rdie of interesr that is not a marker rate, in w￿.Ch
case the assei is measured at the P￿sent vallle of future paymenis discounted at a markei raie of inEeresi for a
5irnilar debt instrument.
Any reversals of irnpaimi¢nt 8Te reeognised immediately, to the extent thai ihe reversal does no( result in a
carying amount of the finan¢ial asset that exceeds what the carrying amount would have been had the
impaimient tlol PT¢viously been rxogni5ed.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and shon ienn highly liquid investments with a thort maturity of
three months or less from the date of acquisition or opening of the detmbsit or similar account.
Debtors
Debtors are measured on initial recogniti￿ atKI ￿e￿u[ed at the cash or other considerdtion expected ro be
received.
Current asset Investments
The Chariiy has investments which it hold5 for re￿Ie or pending (heir sale arÈd cash and cash equivalents with a
maturity dale of le55 than one year. These include cash on deposii and cash equivalents with a maturity da￿ of
less than one year held for investtn¢nt purposes rather than to meet short trrni cash commiLmenis as (hey fall
due. They are valued at fair va]ue as provided by the siiKkbroker.
Page 20

THE TRUSTE￿ OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFOBD UPON AVON
Notes to tbe Financial Statements- wntinued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES- eontinued
Taxation
The charity is exempt from lax on lis charitable activities.
Fund aecountlng
UnresiricEd funds ￿ rhose funds whi¢h the Trustees are free to use for any Purpose in furtheranee of ihe
charitable objects.
Restrictrd funds are funds that are to be used in accordance with specific restticiions imtM)sed by donors.
Under the scheme sei up in November 1998 the land ￿longIng to the Chariiy and S￿¢ifIed as io School Site
and Buildings in Church Street S(ratford-upon-Avon" must be ￿tAined by the Trnsiees for the use as a school
within the meaning of the Educaiion Acts. This is held in the pemianeni et￿owmellC fund. I￿orne atisitig
thereon is released for ge￿ra1 purposes within the Trust.
Incoming resources
The contribution from the Trustees of the Guild Estate is a ￿rCentage of the am)ual income of that Charity.
During the year the Trnstees receive an account of their entitlement. with a balancing payment FKing made once
Ihe annual Aecounts of the Guild Estate have been prepated. The financial str￿ments are prepared on an accrual
basis with provision for any outstanding amounts due from the Charity at its year end.
No provision is made for any additional income over and above the Wdym¢ntS OD account due for the peri(Ki
from 1st January to 31st MaTch 2024.
Contributions from the Trustee5 of the William Tyler Charity are for that Charity's year ending on 31st
Decetnber prior to the preparation of these financial statements. AS the figures for this contrkbution are not
currently available, the value has been estirnated in line with previou5 years.
Voluntary incorne and donations are accounted for a5 re￿iVed by the Ch￿lty.
tncome from investtnents and from rental incorne is Rncluded in the Statement of Financial Aciivities (SOFA) in
the year in which it is receivable.
DONATIONS AND LEGACIES CONSOLIDATED & CHARITY
2024
2023
Dot]ations
Grants
309
160
610.21rt1
765
766.109
610.420
Grants received, included in the abov< are a5 follows..
2024
2023
Guild Estate
William Tyler Charity
761141
3,659
594.41V)
15.851
610.260
Page21

THE TRUSTEES OF THE G114MMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Notes to the Financial Statements- continued
FOR THE YEAR ENDED 31 MARCH 2024
TRADING SUBSIDIARIKS INCOME
2024
2023
Sales
INVESTMENT INCOME
2024
2023
In¢ome from listed investments
Deposit account interest
32,135
24
32,898
32,902
SL RAISING FUNDS CONSOLIDATED
Raising donatloos and legacies
2024
2023
Maintenance of school property
Costs of obtaining grants
108,434
224
101,513
243
108 658
101.756
SB. RAISING FUNDS CHARITY
Raising donations and legacies
2024
2023
Maintenance of school property
Costs of ob￿l￿lng grants
108,434
224
101.513
243
io
101.756
Bad debts
3.564
Aggregate amounts
105,320
Page 22

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Notes to the Financial Statements- continued
FOR THE YEAR ENDED 31 MARCH 2024
CHARITABLE AcfMTIFS COSTS
Grant
funding of
Direct tosts
activities Support costs
(See note 8) (See note 9) Isee note 101
Totals
Guild Hall Project
School d¢velopment
Grants to the Governors
40,631
177,993
40,631
177,993
293 114
293,114
626,322
TRADING ACTIVTfY COSTS
2024
2023
C05t of sales
AdrninistAtive costs
2.305
2.305
DlliECT COSTS OF CHAIUTABLE ACTIVITIF
2024
2023
School development eosts
Depreciation
Intetest payable and Simil￿ Charges
7,839
146,407
7.443
146.406
42,188
196.037
GRANTS PAYABLE
2024
2023
Grants to the GoverM>
293 114
393,443
10. SUPPORT COSTS
Governance
costs
Management
Totals
Grants to the Governors
Support COS￿ included in the aiK)ve. are as follows:
Page 23

THE TRUSTEES OF THE G114MMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Notes to the Financial Statements- continued
FOR THE YEAR Ef4DED 31 MARCH 2024
io.
SUPPORT COSTS- contlnued
Management
2024
Grants to
the
Governors
2023
Total
ctivities
Insurance
Legal & PTofessional fees
7611
885
6.426
7.311
Governance eosts
2024
Grants to
2023
Total
Activi(ies
Governors
Auditors, remunerdiion
Executive officer
Trustees meeungs and expenses
5,520
10,200
5,520
10,200
12.605
28,325
ii.
TRUSTELS, REMUNERATION AND BENEFrrs
There were no tnjsiees, retnuneration or other benefits for the year ended 31 March 2024 nor for the year ended
31 March 2023.
TnLStees' expenses
During the current and prior year no expenses were paid to the trustees.
12.
STAFF cosrs
2024
2023
Wages and salaries
Social security costs
Other pension cO￿S
The average monthly number of ¢fftployees during the year was as follows..
2024
2023
KES Trustees Ltd
No employees received emolumenis in excess of £60.(X)O.
Page 24

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Notes to the Financial Statements- continued
FOR THE YEAR ENDED 31 MARCH 2024
13. COMPARATIVES FOR THE STATEMENT OF FINANCtAL ACTtvrriES
Unrestricted
fund
Restricted Endowment
fund
fund
Total funds
INCOME AND
ENDOMNNETrrfs FROM
Donations 4LTrd l¢ga¢i¢s
610.420
610.420
Trading subsidiary
Investhient in¢ome
32.902
32.902
Other 1￿me
60
Total
643.382
643.382
EXPENDITURE ON
Raising funds
Charitable activities
Grants io the Governors
Guild Hall Project
School development
Trading actiiryties
Trading subsidiary expenses
101,756
101,756
429,079
429.079
40.630
155.407
40,630
155,407
2,305
2.305
Total
688,547
40.630
729,177
Net gaIn￿{lOS5£SI on investments
97,9XYdl
26.000
1,908)
NKf INCOME
{143,073)
{40.6301
26,000
(157,703)
RECONCILIATION OF
FUNDS
Totsl funds brought forward
4,076,044
1,301523
4,6759,270
10,137,837
TOTAL FUNDS CARRIED FORWARD
3.932.971
1.261,893
4,785,270
9,980,134
Page 25

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Notes to the Financial Siatements- continued
FOR THE YEAR ENDED 31 MARCH 2024
14A. INTANGJBLE FIXED ASSETS CONSOLIDATED
Patent and
branding
COST
At l April 2023
And 31 Mareh 2024
AMORTISATION
At l April 2023
Charge for ye
IIS,949
At 31 March 2024
NET BOOK VALUE
AÉ 31 March 2024
6,901
Ai 31 March 2023
8.608
14B. IFrfANGIBLE FIXED ASSETS CHARITY
Branding
costs
COST
At l Aprtl 2023 and 31 March 2024
AMORTISATION
Ai l April 2023 and 31 March 2024
NET BOOK VALUE
Ai 31 Match 2024
Ai 31 March 2023
Page 26

THE TRUSTEFS OF THE GRAMMAR SCH(M)L
OF KING EDWARD VI AT
STRATFORD UPON AVON
Note5 to the Financial Statements- continued
FOR THE YEAR ENDED 31 MARCH 2024
15. TANGIBLE FTXED ASSETS CONSOLIDATED & CHARITY
Fixtures
and
rittings
Land &
buildings
O￿l¢e
equipment
Totals
COST
At l April 2023
and 31 March 2024
11482 625
11090 492
DEPRECIATION
At l April 2023
Charge for yeat
2,444,711
142,511
7,379
1594,601
146,407
At 31 March 2024
2 571069
16
561
NET BOOK VALUE
Ai 31 March 2024
8 911 S56
8 949 483
At 31 March 2023
9.037.914
57.977
9.095.891
16. FIXED ASSET INVESTMENfs cHAR￿y
Shares in
gTOUP
undeTtakings
COST
At l April 2023 and 31 Match 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
There weff no inVeStn￿nt asseis outside t￿ UK.
The charity owns the entire share Capital of KES Trllstee5 Limited & KES IShokespeaTe's School) Internaiional
Litnited. A 5ununary of the trading result5 IS shown ￿lOW for both wholly owned trading subsidiaries.
Page 27

THE TRUSTEES OF THE GRA￿(MAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Notes to the Financial Statements- continued
FOR THE YEAR ENDED 31 MARCH 2024
KES Tn￿tee$ Limited (Company Number: 08667322)
2024
2023
Tumover
Cosi of sales
Gross Profit
Admirrisriative expenses
Other operating incotne
3,564
Nei profi￿00$$)
4,165
The aggregate of the assets, liabilities and funds was..
Asseis
Liabilities
Nei assets
Share capitaI
RetaiDed earnings
KES (Shakespeare's School) Internation41 Limited (Company Number. 108612841
2024
2023
Turnover
Administrative expenses
(4,420)
12,906)
Net profitlaoss)
(4,420)
12,906)
The aggregate of the assets, liabiiities and ful￿ was..
Assets
Liabilities
Net liabilities
6,901
8.608
(12,931)
(8.511)
Share capital
Retained eamings
512
(8.511)
(12,931)
Pagt 28

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Notes to the Financial Statements- continued
FOR THE YEAR ENDED 31 MARCH 2024
17.
RESIDENTIAL PROPERTY
FAIR VALUE
At l April 2023
At 31 March 2￿24
NET BOOK VALUE
At 31 March 2024
956,0(Kl
At 31 March 2023
956.0(X)
As at 31 Ma￿￿ 2024, residential properties were valued by the Tntstee5 to reflect the market value of these
properties.
18A. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR CONSOLIDATED
2024
2023
Other debtors
Prepayrnents
261276
125,611
3,122
128,733
18B. DEBTORS: AMOUNTS FALLING DUE wmiiN ONE YEAR CHARITY
2024
2023
Arnounts falling due within one year-.
Other debtor5
Prepayments
266J76
125,611
3.122
128.733
Amollnts falling due after rnore than one year..
Amounts owed by group undertakj'ngs
19
16,819
Aggregate amotsnts
145.552
19. CURRENT ASSET INVESTMENTS CONSOLIDATED & CHARrrY
2024
2023
Listed investhients
Page 29

THE TRUSTEES OF THE G114MMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Notes to the Financial Statements . continued
FOR THE YEAR ENDED 31 MARCH 2024
20A. CREDITORS: AMOiJNTS FALLINC DUE WITHIN ONE YEAR CONSOLtDATED
2024
2023
Bank loans and overdrafts (see note 221
Trade creditors
Accruals and deferred incorne
165,338
11,976
156,980
6,723
6.130
169.833
20B. CREDITORS: AMouf+rrs FALLING DUE WITHIN ONE YEAR CHARITY
2024
2023
Bank loans and overdrafts {see note 22)
Trade crediiors
Accrued expenses
165a38
11,976
156,980
6,423
6,130
169.533
21.
CREDITORS: AMOUNTS FALLING DUE AYfER MORE THAN ONE YEAR
2024
2023
Bank loans Igee ThoLe 22)
706,S95
866,86l
22.
LOANS
An analysis of the maturity of loans is given below=
2024
2023
Amounts falling due within one year on dernand-
Bank loans
156,980
Arnounis fal]ing between one 2nd two years:
Bank loans- 1-2 ye&rs
170,174
Amounts falling due between two and five years..
Bank loans- 2-5 years
430,577
466.753
Amounts falling due in more thall fLve years-
Repayable by instalments..
Bank loans more 5 yr by ins￿1
103,058
229,934
Page 30

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Notes to the Financial Statements. continued
FOR THE YEAR ENDED 31 MARCH 2024
MOVEMENT IN FUNDS CONSOLIDATED
Net
movement in
funds
At 1.4.23
At 31.3.24
Unrestricted funds
Generdl fund
3,932,971
137,891
4,070,862
Restricted fun(L5
Resttic*d Funds
1,261,893
140,631)
1,221,262
Endowment funds
Endowment Fund
788270
4,785370
TOTAL Fuf+lDS
10 077 394
Net movement in funds. included in the above are a5 follow5..
Incoming
resources
Resources
expended
Gains and
Movement
in funds
Unrestricted funds
General fund
798,328
(698,769)
38,332
137091
Restrictsd funds
Restricted Funds
140,6311
(40,631)
Endowrnent fwjds
Endowment Fund
TOTAL FUNDS
798
38
28 1739 400) ￿32
Comparatives for consolidated movement in funds
Net
movement In
funds
At 1.422
At 31.3.13
Unrestricted funds
Generdl fund
4,076.044
1143.073)
3,923,971
Restricted funds
Restrteted Funds
1.302,523
{40,630)
1.261.893
Endowment funds
Endowment Fund
4.759.270
26,IXK)
4.785.270
TOTAL FUNDS
10,137,837
157 7031
9,980,134
Page31

THE TRUSTEES OF THE GRAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Notes to the Financial State]nents- continued
FOR THE YEAR ENDED 31 MARCH 2024
21 MOVEMENT IN FUNDS CONSOLIDATED- continued
Co￿parative nei movement in funds. included in the above are as follows..
Incoming
resources
Resources
expended
Gains and Movetnent in
losses
funds
Unrestricted funds
General fllnd
643.382
(688547)
(97,9081
(143,(J731
Restricted funds
Restricted Funds
(40,630)
(40.6301
Endowment funds
Endowrnent Fund
26,(K)O
26.1)(Xl
TOTAL FUNDS
643.382
(729,177)
71,908}
1157,703)
Unrestricted Funds
The General Fund represents the free funds of the Chan'ty that are not de5ignat¢d for particular pU￿ose$.
Restricted Funds
The Restricted funds represenis various funds mainly tElating to restoration of the Guildhall and
Shakespeare'5 Schoolroom. The properry and other fixed assets held totalled £1,179.467 as at 31 Match 2024
{2023 £I,220,099). Of the Testricted cash held, £41,795 12023 £41.7941 rela￿$ to various funds associated
with restoring the Guildha]l and Shakespeare's Schwlroom.
EndoW￿ent Funds
The Endowment fund relates to propeny held in Church Street Stiatford-Upon-Avon along with land at the rear
of King Edward Vl Grammar SchcK)I S(rdiford-Upon-Avon. which was revalued in 1989.
24.
RELATED PARTY DISCLOSURES
The Charity was owed the following by its wholly owned subsidi￿les..-
KES Trustees Ltd is a trading subsidiary. At 31 March 2024 KES Trustees Ltd owed £nil12023 - £nil) io the
Charity.
KES (shakeS￿are,s School) tnternational Limi(ed owed £19.532 12023 £16.819) at 31 March 2024 10 the
Chariiy.
Page 32

THE TRUSTEES OF THE GIiAMMAR SCHOOL
OF KING EDWARD VI AT
STRATFORD UPON AVON
Detailed Ststement of Fitvdncial Aetivitie5
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
INCOME AND ENtK)WMENTS
Donations and legaeies
Donations
Grants
309
610.2(K>
766,108
610,420
Investment Income
Income from listed investtnents
Deposit account An￿rest
32,135
24
32.898
31159
32.902
Other Ineome
Sultdry ineom¢
60
Tradlng Ineome
PLtent income
Government grants
Total incoming resourees
798?28
643,382
EXPENDITURE
Raising donations and legacies
main￿l￿nce of school pioperty
Cosrs of obtaining granis
108,434
224
101,513
243
108,658
101,756
Charilable activities
School development costs
Depn of land & buildings
Depn of f2Xtures and fittings
Bank chaiges and loan interest
Grant payments and ￿la￿d cost
7,839
126,J59
20,048
64a78
293 114
7,443
126.358
20,048
42,188
393.443
511,738
589,480
This page doe5 not fomi part of the statutory financial statements
Page 33

THE TRUSTEES OF THE GIL4MMAR SCHOOL
OF KING EDWARD VI AT
STK4TFORD UPON AVON
Detailed Statement of Financial Activities
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Trading activities
Administration expenses
Depreciation and amorti5aUon
Flnance costs
2,713
1,707
2(K)
1,706
399
4,420
2.305
Supptsrt costs
Management
In5uranee
Legal & Professional lees
760
885
6.426
86J23
7.311
Governance costs
Auditors, JEmuneration
Execuiive officer
Trusiees meeting.% and expenses
5A20
10,200
12
5.520
10.2(Kl
12.605
28,325
Total resources expended
739,4(M)
729,177
Net income ￿rore gains and Oo&ses)
58,928
(85,795)
Realised reeogni5ed gains and lo&ses
Realised gain l (Ios5esl on current asset investmenis
Realised gain l (losses) on invesLment property
38J32
(97,908)
26,0(Kl
Net income l (expenditure)
157.703)
Thi5 page doe5 not fomi part of the statutory fift￿la1 statements
Page 34