Charity number- 1071495
THE ORATORY SCHOOLS FOUNDATION
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

THE ORATORY SCHOOLS FOUNDATION
CONTENTS
Page
Reference and admlnlstratlve detalls of the Charlty, Its Trustees and advlsers
Trustees. report
Independent examlner's report
Ststsment of financial activities
Balance sheet
ststgment of cash flows
Notes to the flnanclal statements
9-15

THE ORATORY SCHOOLS FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 JUNE 2022
Trustees
D Orchard
F Filzherbert-Brockholes, Chaim)an
J J Smith
Charity registered number
1071495
Principal office
17 Provenance House
8 Kew Bridge Road
Brentford
Middlesex
TW8 OHS
Accountants
James Cowper Kreston Audit
Chartered Accountants
Reading Bridge House
George Street
Reading
Berkshire
RG1 8LS
8ankers
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Investment managers
Investec Wealth & Investment Limited
30 Gresham Street
London
EC2V 7QN
Page 1

THE ORATORY SCHOOLS FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 JUNE 2022
The Trustees present their annual report together with the financial statements of The Oratory Schools
Foundation for the 1 July 2021 10 30 June 2022. The Trustees confimi that the Annual Report and financial
statements of the Foundation comply with the current statutory requirements, the requirements of the
Foundation's governing document and the provisions of the Charities SORP 2019 IFRS 102) and Charities Act
2011.
OBJECTIVES AND ACTIVITIES
The objects of the Foundation are to advance the education of pupils of The Oratory School by providing or
assisting in the provision of facilities not nomally provided by the school. The Trustees have paid due regard lo
the Charity Commission guidance on public benefit in considering the aims and objectives of the Foundation. To
date this has involved assistance in the payment of fees to pupils in necessitous circumstances, provision of
bursaries and scholarships and other grants lo the schools. During the past year the Foundation has funded two
scholarships.
ACHIEVEMENTS AND PERFORMANCE
INVESTMENT POLICY
The investment policy of the Foundation is to look for capital gains over time with a medium level of risk,
balanced with the need to produce sufficient annual income. The control over the investments is al the
discretion of the Trustees with the advice of the investment managers.
FINANCIAL REVIEW
The Foundation is reliant on the income from its investments, which was £25,27912021.. £15,569) in the year
under review, and on the annual payment of £2,50012021.. £3,000} from the 200 Club, which was set up for this
purpose. Contributions towards school fees and other grants amounted to £19,18512021.. £6,958}.
The Foundation also re￿iVeS interest on a £200,000 loan it made to The Oratory Schools Association (see
Note 9 and Note 15)-
RESERVES POLICY
The reserves policy for the Foundation has been based on its objectives., its main feature is to maintain a level
of reserves which will generate an income stream from which awards can be made. The Trustees consider the
level of reserves to be appropriate.
The Foundation has unrestricted funds of £663,786 (2021.. £679,228) al the year end of which £425,920 (2021..
£455,318) relates lo inveslmenls. This leaves £237,86612021.. £223,910) in respect of net current assets.
STRUCTURE, GOVERNANCE AND MANAGEMENT
CONSTITUTION
The Oratory Schools Foundation is a registered charity, number 1071495, and is constituted under a Trust
Deed dated 22 November 1971 and amended on 14 August 1998.
METHODS OF APPOINTMENT OR ELECTION OF TRUSTEES
The Deed calls for a minimum of two and a maximum of four Trustees,. the continuing Trustees appoint new
Trustees, when necessary, from old boys of the school who are considered lo have appropriate experience.
Trustees are selected for the skills and experien￿ that they are able lo contribute, relevant guidance relating lo
Trustees responsibilities is provided on appointment.
DECISION MAKING
The Deed also provides for the appointment of a committee lo make recommendations to the Trustees. By
reason of the pandemic-related restrictions, the committee did not meet in the current year. The committee
normally meets once annually and there are arrangements in pla￿ for interim decisions lo be taken by the
Page 2

THE ORATORY SCHOOLS FOUNDATION
TRUSTEES, REpoiir (coi¥nNUED)
FOR THE YEAR ENDED 30 JUNE 2022
Chalm)an and Secretsry and to be gubiart lo conffrnAOon by the committee.
RISK MANAGEMENT
The Foundation's Twst8es have con51dered th8 major rfsk5 ￿ whlth It Is expwd ar￿1 hav• r•vlgwed Ihoge
risk5 and establlshed systems and procedLSrnS to manage those risks. The Tnjstees conslder varlabifity of
Investrnenl Teturns on the Fund investrnents to o)nstilute the FouThlationS mah* rfs
Approvad by (xder oflh8 members ofthe board of Tntstees arKI slgned on thetr l)ehalf ty.
Date:
Page 3

THE ORATORY SCHOOLS FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 JUNE 2022
Independent Examiner's Report to the Trustees of The Oratory Schools Foundation ('the
Charity'}
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 June
2022.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 1 the 2011 Act')-
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145{5llb) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. l confirm that no mallers have come lo my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements Con￿rning the form and conlenl of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a Yrue and fairf view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other mallers in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understsnding of the accounts lo be
feached.
Page 4

THE ORATORY SCHOOLS FOUNDATION
INDEPENDENT EXAMINER'S REPORT {CONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
This report is made solely lo the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
{Accounls and Reports} Regulations 2008. My work has been undertaken so that I might state to the Charity's
Trustees those matters l am required to state lo them in an Independent examinerfs report and for no other
purpose. To the fullest extent pemiilled by law, I do not accept or assume responsibility to anyone other than
the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
Darren O'connor
Dated.. 9 February 2023
BSc(Honsl FCCA ACA
James Cowper Kreston Audit
Chartered Accountants
Reading Bridge House
George Street
Reading
Berkshire
RG1 8LS
Page 5

THE ORATORY SCHOOLS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2022
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Income from:
Donations and legacies
Other trading activities
Investments
940
940
800
2.500
25,279
2.500
25,279
3,000
15,569
Totsl income
28.719
28.719
19,369
Expenditure on:
Raising funds
Charitable activities
5.791
19,185
5.791
19,185
6,953
6,958
Total expenditure
24.976
24.976
13,911
Net income before net Ilossesllgains on
investments
Nel (lossesygains on investments
3,743
{19.1851
3,743
(19.1851
5,458
102,155
Net movement In funds
{15.4421
{15.4421
107,613
Reconciliation of funds:
Total funds brought forward
679,228
679,228
571,615
Total funds carried fonvard
663.786
663.786
679,228
All activities relate lo continuing operations.
The notes on pages 9 10 15 fomi part of these financial statements.
Page 6

THE ORATORY 8CHOOLS Four￿jAIl0N
BALANCE SHEEr
AS AT 30 JUNE 2022
2022
2021
Fixed ass0ts
425,920
455.318
Currgnt assets
D8bior5
C8th at bank and ￿ hand
425.920
455,318
201.889
36,9n
206.4g7
17,413
237.B60
223,910
237,866
223,910
Totsl net a8¥ets
663,786
679,228
Charity funds
Unrestrlcted funds
10
663,786
679,228
Total funds
663.786
879.228
The financid staloments were approved and authorlsed Issue by the Tru5*es and slgned ￿ their behaw by:
Date: 3 LOZ"
The notes on pages 9 to 15 form part ofth88e finandal ststements.
Page 7

THE ORATORY SCHOOLS FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2022
2022
2021
Cash flows from operating activities
Nel cash used in operating activities
116,928}
116,5611
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds from sale of investments
Purchase of investments
25,279
50,953
140,740)
15,569
212,717
Loans made during the year
1200,0001
Net cash provided by investing activities
35,492
28.286
Cash flows from financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
18,564
11,725
17,413
5,688
Cash and cash equivalents at the end of the year
35,977
17,413
The notes on pages 9 10 15 fomi part of these financial statements
Page 8

THE ORATORY SCHOOLS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting policies
1.1 Basis of preparation of financial statements
The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021
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 IFRS 102) leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The Oratory Schools Foundation conslitules a public benefit enlily as defined by FRS 102. Assets
and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in
the relevant accounting policy.
The Oratory Schools Foundation meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised al historical cost or transaction value unless othetwise
slated in the relevant accounting policy.
1.2 Going concern
The Trustees are of the view that The Oratory Schools Foundation has sufficient funds to enable il lo
continue its activities on a going concern basis for a period of al least 12 months from the dale of
approval of these financial slatemenls. The financial statements have been prepared on a going
cOn￿M basis.
1.3 Fund accounting
General funds are unreslricled funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated lo the appropriate fund.
1.4 Income
All income is recognised once the Charity has entillemenl lo the income, il is probable that the
income will be received and the amount of income re￿1vable can be measured reliably.
Income lax recoverable in relation to investment income is recognised at the lime the investment
income is receivable.
1.5 Expenditure
Expenditure is recognised On￿ there is a legal or conslruclive obligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefits will be required in
selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by
aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including
support costs involved in undertaking each activity. Direct costs atlribulable to a single activity are
allocated directly lo that aclivily. Shared costs which contribute lo more than one activity and support
costs which are not atlribulable lo a single activity are apportioned between those activities on a
basis consistent with the use of resources.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in
trading activities that raise funds.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Page 9

THE ORATORY SCHOOLS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting policies (continued)
1.5 Expenditure Icontinuedl
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions attaching are
fuKilled. Grants offered subject lo conditions which have not been met al the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1.6 Investments
Fixed asset investments are a fomi of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the
value cannot be measured reliably in which case it is measured al cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and p￿sented as 'GainsllLossesl
on investments, in the Statement of financial activities.
1.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity,. this is normally upon nolificalion of the interest paid or payable by the
institution with whom the funds are deposited.
1.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
1.9 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.
1.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financi81
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.
Page10

THE ORATORY SCHOOLS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Income from donations and legacies
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Donations
940
940
800
Total 2021
800
800
Activities from generating funds
Income from fundraising events
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Proceeds from 200 club
2,500
2,500
3,000
Total 2021
3,000
3,000
Investment income
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Dividends from listed investments
Interest
20,265
5,014
20,265
5,014
14,526
1,043
25,279
25,279
15,569
Total 2021
15,569
15,569
Page11

THE ORATORY SCHOOLS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Analysis of grants
Grants to
Individuals
2022
Total
funds
2022
Total
funds
2021
Grants payable
19,185
19,185
6,958
Total 2021
6,958
6,958
Grants lo institutions relate to amounts payable lo The Oratory School.
Net Income
During the year, no Trustees re￿iVed any remuneration or other benefils12021- £NILI.
During the year, no Trustee expenses have been incurred12021- £NILI.
Independent examiner fees
The Independent Examiner's remuneration amounts to a fee of £1,15012021'. £9501.
Fixed asset investments
Listed
securities
Cost or valuation
At 1 July2021
Additions
Disposals
Revaluations
455,318
40,740
150.9531
{19.1851
At 30 June 2022
425,920
Investmonts at market value comprise..
UK
Overseas
2022
2021
Listed investments
267,157
158.763
425,920
455,318
Page12

THE ORATORY SCHOOLS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Debtors
2022
2021
Due after more than one year
Amounts owed by The Oratory Schools Association
200,000
200,000
200,000
200,000
Due within one year
Amount due from brokers
1,889
6,497
201,889
206,497
A loan of £200,000 12020.. £200,000) was made lo The Oratory Schools Association. The loan is
unsecured and the interest rate is 2.50/0 per annum. The loan musl be repaid by 31 December 2023 and
may be repaid earlier al the election of the botrower.
10.
Statement of funds
Statement of funds - current year
Balance at
30 June
2022
Balance at 1
July 2021
Gainsl
{Losses)
Income Expenditure
Unrestricted funds
General Funds - all funds
679,228
28,719
{24,9761
119,185)
663,786
statement of funds - prior year
Balan￿ at
30 June
2021
Balan￿ at
1 July 2020
Gainsl
{Lossesl
Income Expenditure
Unrestricted funds
General Funds - all funds
571,615
19,369
113,9111
102,155
679,228
Page13

THE ORATORY SCHOOLS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
11.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2022
Total
funds
2022
Fixed asset investments
Debtors due after more than one year
Current assets
425,920
200,000
37,866
425,920
200,000
37.866
Total
663,786
663,786
Analysis of net assets betwggn funds - prior year
Unrestricted
funds
2021
Total
funds
2021
Fixed asset investments
Debtors due after more than one year
Current assets
455,318
200,000
23,910
455,318
200,000
23,910
Total
679,228
679,228
12.
Reconciliation of net movement in funds to net cash flow from operating activities
2022
2021
Nel incomelexpenditure for the year las per Statement of Financial
Activities)
(15,442}
107,613
Adjustments for:
Gainslllossesl on investments
Dividends, interests and rents from investments
Increase in debtors
19,185
125,279}
4,608
1102,1551
115,5691
{5,9501
15001
Increaselldecreasel in creditors
Net cash used in operating activities
116,928}
116,5611
Page 14

THE ORATORY SCHOOLS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
13.
Analysis of cash and cash equivalents
2022
2021
Cash in hand
35,977
17,413
Total cash and cash equivalents
35,977
17,413
14. Analysis of changes in net debt
At 1 July
2021 Cash flows
At 30 June
2022
Cash al bank and in hand
17.413
18,564
35.977
17.413
18,564
35.977
15. Related party transactions
The Independent Examination fees of £1,00012021'. £9501 for the Foundation were paid by The Oratory
Schools Association.
At the year end there was a balance of £200,000 12021.. £200,000) owed by The Oratory Schools
Association. During the year, interest of £5,00012021'. £Nill was paid on the loan.
16. Controlling party
The charity is controlled by the Trustees.
Page15