BRIGHTON COLLEGE SCHOLARSHIP,
BURSARY AND PRIZE ENDOWMENTS
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 202S

BRIGHTOIY COLLEGE SCHOLARSHIP. BUKSARY AND PRIZE ENDOWMENTS
FOR THE YEAR ENDED 31 JULY 2025
TRUSTEE'S REPORT
REGISTERED CHAIUTY L¥UMBER 1078589
TRUSTEE- Brigljton College
REGISTERED OFFICE
BTighton College
Eastern Road
Bri8h(on
BN2 OAL
CLERK TO THE TRUSTEE
Clare Welby
Brighton Coll4e
Easiem Road
Brighton
BN2 OAL
AUDITOR
Haysmac LLP
Chartered Accountants
10 Queen5 Street Plac¢
London
EC4R IAG
BANKERS
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Mallin8
Kent
ME19 4JQ

BRIGHTON COLLEGE SCHOLARSHIP, BURSARY AND PRIZE ENDOWMENTS
FOR THE YEAR ENDED 31 JULY 2(12S
TRUSTEE'S REPORT
Th¢ Trust¢¢ presents ils rcwjrt and financial stsiements for the year 31 July 2025. The financial statements ha
been prepared in accordancc with the Chan"ties Ac( 2011. the Financial Reponing Siandard applicable in ihe UK and
R¢public of Irelat]d (FRS 102). Ihe Stsiemeni of Recommended Praciice applicable io chariiies preparing thcir accounts in
a¢cordanc¢ wilh FRS 102 (Second Edition. effttiive l January 2019) and in accordance with th¢ D¢¢d of Trust dated 27
July 1999 (as amended) aThJ the Order of ihe Chariiy C(*nmission daied 16 Cktobcr 2014.
INTRODUCTION
Brighton College Scholarship, Bursary and Prize Endowrn￿ts resulted fmm the awroyal of the Clwity Commission for
England and Wales ￿ the adminisiration ￿ one clwiry of the following charitics..
The Brighton College Scho]arship and Prize Fcxmdalion
The Stewart Scholarship Fund
The Old Brighionians AssC￿lation Benevolent Scholarship Fund
The Franc￿ Bcaumont Cookc and Mary Olive Cix)ke Scholarship Fund
Subsequent 10 the above, the Charity Commission further agreed that the trusttt of The Cooper Rawson Foundaiion be th21
organisalion thai was for the time bcing Irustee of Brighton College Scholarship, Bursary and Prize EThJowments and iheir
resul(s are in¢l￿4¢d within thcse ￿ of aCC￿nts.
STRUCTUR& GOVERNANCE AND MANAGEMENT
MANAGEMENT AND ADMINISTRATION
2.1 A scheme dated 27 July 1999 {as artwnded) a￿d￿)riSed the adminisiraiK)n of the aExTrve thnd5 as a 5in8le charity ("the
TNsi"l and by an order of the Charity Commission dated 16 Ociober 2014. Brighton College (regis￿led charity
number 307061 and company number 7663) was atqK)inted the sok t￿￿et of the TTusi effective from that date.
2.2. The Board of Brighton College has ¢onsSifvted an InvesthThi Commitlee compnsiDg a mixture of Eovernors ofthe
Colle¥e and other Committe¢ members with knowledge of invcstmenl markets io detemhine the strateEy for and
exercise oversighi of the assets of the fimd5 Wlthin the Tru￿ aThd io rqK)rt back to the Board iemily. The Investmeni
Committee meet5 at least termly in order to discharge its IAJligaiiorts. Day ￿ day oversighi of ihe assets within the
Twst is delegatcd to the Bursar and Hehd of Firtatice.
2.3. Because it is the sole trnstee, these accounts ate required to be consolida*d within Brighton College's accounts.
The prot*rty assets within the Tntst are vilued by an accyediied valuer VKdically. The third party valuation.
using three independent professional surveyors. was carried oui on 31 July 2024 with a morkel ass¢s5m¢nt update
and review by the Tnjmee for the Curreni valuaiion on 31 July 2025 tha¢ conclth the￿ had been no maierial
change in value sitjce the fornjal Valu￿10￿.
2.5 The management of the chariry sits with ihe Group CW. Bursar aThl Finance le￿ of Brighton College for day to
day oversighi of ihe assets given Brighion College is sole ￿U￿ce, with key decision making (such as inve5tm¢nl
decisions or disbursanents) managed by the Inveslmeni Committee described above.
3. INVESTMENT POWERS
The power to make inve5tmcnts during the year is cleariydefthed in thescheme documeni and vested in the Investhient
Committee of Brighion College.
Any monies availlble ￿ be invested may k invested in the pU￿1)aSe or upon the security olsuch inYesunenTS or other
property movable immovable of whatsoever nawre and wherever siNaied and whether PTodu¢ing inwme or not
(including the purchase of land for any trNure) &8 the Tnjstee ihinks fil io the inien¢ thai it shall hav¢ th¢ same fvll and
unrestricted powers of ithVe￿ing and transpwng investtnents in all ttspecis as if li were ab501utely enlitld th¢r¢¢o
beneficially.

BRIGHTOIY COLLEGE SCHOLARSHIP, BU￿ARy AND PRIZE ENDOWMENTS
FOR THE YEAR ENDED 31 JULY 2025
TRUSTEE'S REPORT (continutd)
Th¢ Trustec may allow inve51mellts to be held in the names of cortxyate IM)dies &$ thc Trusttt's nominees and pay
reasonable rernunerati¢Jn for the setvice p￿vided. No swh nominaiions are cxthnt. All markct &nvcstrnents are
registered in the name of the Tntst.
The Funds are overseen by the Inve￿Me￿i Committee and invemed in a range of Lssets in line with long tem Sirategic
allocalion ranges and shon ienn wiical all￿ation ranges with an aim of generaiing a re￿rn in the mediurn terni in
exce￿ of CPI.
4. GOVERNANCE At¥D IIYTERNAL coNfROLS
4.1 The TnLsiee has esthblished appropnaie lern￿ of wefer¢n¢e for the Inv¢stment Committee: detcrmirled an
ppr(yriate membership of the I￿ve￿men1 Commiiiee ¢omprising individuals with both an understanding of
the Trnsi {and ihe requirements olw)tenIi￿ ¥¢¢ual beneficiari&s of the Tn￿) alld invtrimetLlS' and has had
appropriaie legal and x¢ouniing briefings io clarify the thiti¢s arml responsibilities of the commi(iee tncmber5.
The Investrrteni Commitiee meets ai leasi three times a year. The Inve51ment C0￿MIttee selecls invc5tmcn(
managers which in*graie ESG (EnviTonm¢nthl. &Kial and Governance) Co￿lderatIOnS inio their inveshnent
pmce&
4.2 Day ¢0 day oversight of the Trust lies with the Bursary of Brighion College. The in￿rnal control ￿Elme is
aligned wilh the r¢gime in place for the College which ensutes amongst other things separation separable
moniloring of th¢ &vls of the Trust (rom those of the College. The controls at ihe College are rhe.qubjecl of
an exiemal annual audil. ApprqThte maDdatr5 in plxc regaiding the operation of the Tn￿t'S andcollege's
bank accounts.
5. RISK MANACEME14T
The principal risk and u￿t￿aIn1￿&S for the T￿￿￿ and the miiiwion sirategy in pla¢e is as follows:
Imvestmettt Rlsk - The Investment Commiltee. which ovetsees the TNSI for Brighton College, comprises
individuals who understand the requirements of the benefKiaries by virnie of including commiiitt members who
are governors of the College. Commiiiee members a￿ also appoinied because they u]￿erStand investments and
hnvestmertt risk: Ihey meei regularly. with a set agenda and have procedures in place to mitigate to a tolerable level
any risks, irtcluding ts)ly tskin8 investsneni-ttlaied decisions when Sul￿blY quorate.
PUBLIC BENEFIT
The TNsieere¢ognises itsobligalions in resp￿1 of the requiremeni forthe useof charitable funds for thepublic benefit.
Donaiions to Brighion College by the Tn￿1 were rn￿¢ for the provision of scholars￿"pS and bursaries forsome pupils.
who wiiknui ihe support of those would h•ve been unable to afford to take advantage of ihe benefits of the
excellent educaiion provision offered by the College. Details of the application of the funds by the College for the
benefii of beneficiaries is provided io the TnLStee ai Ix)th the Finance Committee of the Board atml ￿ Board meeting&
The Trustee ¢onf1rn￿ thai it ha5 complied with the duty in section 17 of the Ctwiiies Aci 2011 to have ¢he regard 10
the public benefit guidancepublished by thc Charity Commi&sion in detemlining the activities undenaken by ihe Tru￿.
7. OBJECTS OF THE CHARITY
7.1 The object of the Charity is to fvnher the educalion of pupils aii¢nding Brighion College (or wkn have attended
the College for noi le&8 than nvo years) by the awwd of s¢holarships, buT54ries and prize5. or otherwise a5 the
Tn￿lee in discretion thinks fit.
7.2 All scholarships, bursaries a￿1 PTizes are awaTded by the Head Ma51er in consultstTOIL With Ihe Trustcc.
7.3 In awarding ￿￿oI￿rShips, bursaries and prizcs the Tru￿re will have regard ￿ the exisling trusts of any of the
original charities now amal8amated.

BRIGHTON COLLEGE SCHOLARSHIP, BURSARY AND PRIZE ENDOWMEJYTS
FOR THE YEAR ENDED 31 JULY 202S
TRUSTEE'S REPORT {eontinued)
7.4 The objecl of'The Cooper Rawson Foundatim- is ¢0 PIC￿01¢ the ethication of pupi15 at Brighton College wl
are ¢hildren of clergy of ihe Chur¢h ofEmgland who are in need of fmancial assistance.
"The Pe￿On Bequesi" is a pern]an¢ni en(k>vmi¢nl. the incorne from which 15 to be applied for the benefit ofone
ormore pupils at the sole discretion of the Head Master [of Bnghton Collegel priontybeing given 10 individuals
bearing th¢ Unh￿￿enated Surname of "Pwon" and who have not a4Uirtd it by adopiion or name change by
them or their antrfedents since I9￿. Howevcr. in the event thal no catmlidate prtsenls themselves who qualify
under the tern￿ of the endowinent bequest, the Head Master rllay, at his personal discretion, award all or any of
the income from th¢ endowment to a deserving Ca￿lIddle who doe5 not comply with the [￿her restriclive
¢onditions of the twuest.
INCOME GENERATION
IT￿OMe to the Trust 15 typically derived principally fmm thtee sowce$.'
rental income from proi*rties owned by the Tn￿1 aT¥J leased uth nornial commercial iernis to
Brighion College.
dividends. pr{￿d% from the sak orruwicial Inv&￿Men(s.
donatiOfLS.
The Tru5tce must apply fiTSt the Trust's income. and then If the Twmee thinks fil Ihe eXp￿]dable endowment in
rn¢elin8 the proper costs of administenng the Tmsi and of managing its property {including ihe repair and
i￿U[anCe of it5 buildings).
8.3 The Chariiy does Th)t fundraise from members of the public- no fundraising ¢omplaints have been received for
Ihe current yearor prior years.
9. ACHIEVEMENTS AND PERFORMANCE
The Trnst made ￿8￿laT thnaiion5 10 Brighton Coll¢g¢ which w¢re used by th¢ Coll¢g¢ to facilitate ati¢ndan¢e
ai ihe College of young persons whose parents or gwrdians are assisted with the fees following a College
monitored neeth analysis of their requirements {bursy TlXlPl¢llts) OT young persoThs whtsex¢¢l in one or mo
particular aspects of College life (scholars).
9.2 The Inve$¢m¢nt Committee r¢viewed the inveSth￿nI portfolio ihree times during the yeaT havin8 regard f￿$1 to
how the portfolio of Jsgets sh¢)uld b¢ all(Kated in the long ierin (strategic all(Kation) atwj alk￿al¢d given current
market conditions {￿ti￿1 #ll￿tiOn).
9.3 The long term objective o(theTruslee i5 to ensure the portfolio of assets remains balanced beiween assei classes
and that high lon8 tenn reDJTThS can be achievd The Investh)eniCommiiiee alsohas oveTSi8ht of the invesimeni
of tht 'Public Benefit Fund. of BriBhton College as well as those assets within the Twsi, and has delern)ined
that therc is Significant advanta8c in Y￿ling ihe iwo iogether in dewmining the portfolio allocation (as it
reduces the cost of athnini5tralion and invemments may benefit from scale in oiher ways). The Public Benefit
Fund and the assets within the Tn￿1 are xcounied for in such a way as io ensure they aTe separable and clearly
Ideniif￿bLC.
During the surnmer of 2025, the Investmeni Cornmiitee selectd a new external Investment MaDAg¢r to a￿1$¢
wilh inveslmeni straiegy decisions and th¢ goal of ￿8b¢r I￿8 lerni.r¢lurns.
Prior to publicalion of thes¢ accounts: in NovembeT 2025. the Public Benefit Fund was renamed Ihe 'Bri8hton
Coll¢ge Fowidatii)n Fund. to better refl¢oi its PUtp>se and ￿KOUrage donations for those who may noi bE solely
int¢r¢sted in public benefit.
Investtnent income for the for the yeaT of £70k {2024.. £86k), income of £233k12024: £225kl.
donations of £25k (2024.. &Jil), no movefftcnt prcyerty value (2024: £565k lossl and a gain on q￿￿ed
Inve￿ments of £143k (2024: £267k) resulted in a iRvesunenl remrn of +5.6%12024.. +0.20/•).

BRIGHTON COLLEGE SCHOLARSHIP, BURSARY AND PRIZE ENDOWMENTS
FOR THE YEAR ENDED 31 JULY 2025
TRUSTEE'S REPORT l¢oAtinued)
10. RESERVLS POLICY
The Scholarship FuTrJs should be invested wtly Io 8ene¥ate incorne in supwt of cunent scholarships and bursaries
and partly for growth with ihe long tenn airn of generdting irKome swfficienl to covet all scholarships and bursaries at
the College.
The general policy for rescrvcs 15 to treai Tenthl income from owned properties &$ short tem) income io be deployed in
supporting currcnt bursary rccipients and scholars to Iililize other investment income io defray 3J)y costs of the
Trust. Any excess income or gains on sale of assets #re reinvested in hjnds for benefit of bursary
recipients and scholars. In order to ckarly identify the reserves rtcessary to meet their obligaiions. the Trnsiee
designaie$ part of thc T£￿rYt53s"Capltal" for investrnent purw>ses and part'lncome", save for the specific minor sub
funds designai¢d under the CO0￿ Rawson Foundation. an athonymous donation and ihe Peyion Bequest which are
held againM th¢ir identifid ¢riteria lor awarding irt appropriate cases. The Trt￿et does th)1 sttk io re￿ill reserves in
excess of need¢d to meet their obligations arml fimds 8eneraied are to be used for supponing bursaries and
scholarships.
Ar 31 July 2025, th¢ aggr¢84te r¢s¢rv¢s were £8.4 million {2024= £8.1 million) of which £208k (2024: £196k) was
r¢slri¢ied. £419k (2024: £398k) was endowed atsj £7.7 million (2024: £7.5 million) was designated.
11. GOING CONCERN
Taking into account the income generation Irom its underlyin8 property portfolio ￿gether with the lisied invesimenLs
and fijnds that it holds, the Trustee considers that the Tnjsi can operaie &$ a going concern for ai leasi 12 months (rom
the date of signathre of these fllvdncial ststements.
The TNsitt and Govemor oversight of the financial inveslments held by the Tn￿1 15 considered ￿ be iobust, with
re8ular reviews ￿ consider volaiile markd condilioL
12. FUTURE PLANS
The Trustee's focusa8 durnjg the financial year were io c￿re the (￿￿Oing provision of suptM)rt for bursaries #nd
holarships and to seek to e￿llre the underlying a&8ets were appropriatr given existing market conditions.
13. TRUSTEE￿ RESPONSIBILITIES
Charity law r¢quires a trnstee to prepare fllmncial statements for each fiTwKial year which give a true and fair view of
th¢ state of affairs of the charily and of lis financial aciivilies for thai year. In preparing those financial statements the
TNst¢¢ 1$ r¢quired io:
sekct suitsble accounting ￿lICIeS and then apply them ¢￿SistenI1y.
make judgements and emimates thai are reasonable and pn￿eThI.
sthie whether the policies adopted are ID accordance with the statement of recommended pracilce
"Accouniing atKI Reporiing by Charities" aDd with applicable accourttitig standards. subjeci to any
material deparn￿tt disclosed and cxplained in the financial statements:
prepare the financial statemcnls on the"80ing concern" basis unless il is inappropriate to presume that
the charity will contlDUC aclivitie5.
The Trustee is responsible Cor keepllw prcyer accounting reco￿ that disclose wilh reasonable accuTa¢y ai any lime
the fRnancial position of the charity and enables li io ensure thai the financial sthiements comply with the Charities A¢t
20I l and the provisions of the tntst deed. The trtL￿tt is also responsible for safeguarding the assets of the clwity and
h¢n¢¢ for takin8 msonable steps for the pmeniion and dettciion of fTaud and other irregularities.

BRIGHTON COLLEGE SCHOLARSHIP, BURSARY AND PRIZE ENDOWMENTS
FOR THE YEAR EIYDED JI JULY 2025
TRUSTEE'S REPORT (￿ntinUed}
So far as the Trust¢e is aware at the time the rek¥)rt 15 aNJroved:
there As no relevant audit u)f0m￿tiOn of which the ch￿lty.$ Judiior is unaware; and
the governors have ￿k¢Th all sleps thai they oughi io hve tsken to make thernselv￿ awarc of any Tckvanl audit
infonnition and to C5tablish thai the audilor 15 aware of thai infom￿110n.
Sign¢d on b¢holf of the TNS￿ on 6th March 2026 by:
Lyl, s LI
AW8g
Governor ofB
RJS Weir MA FCA
Governor of Brighton College
ton College

BRIGHTON COLLEGE SCHOLARSHIP, BURSARY AND PIUZE ENDOWMENTS
FOR THE YEAR ENDED 31 JULY 2125
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE OF
BRIGHTON COLLEGE SCHOLARSHIP, BuI￿ARy AND PRIZE ENDOWMENTS
Oplnlon
W¢ hav¢ audi¢¢d the finatKial statements of Bri8bion Colkge Scho]arship, Bvrsary and Prize Endowments for the year
ended 31 July 2025 which comprisc Stat¢ll￿1 of Financial Aciiviiies, Balance SheeL Cash Flow Statement and notes to
¢he financial s¢al¢ments, irKludin8 a summary of significant accouniing pilicies. The financial reporting framewo￿ that
I￿8 b¢¢n applied in their preparation is applicable law and United Klngdom Accounting Standards. including Financial
Reporting Standard 102 TheFinancialReFOrtingSiathrd oppltcoblein IAe UKondRepubli¢ oflrelund (Unit¢d Kingdom
Generally Accepted Accounting Praciice).
In our opinion, the financial ￿ateMents..
giY¢ a true and fair view of the state of the clwity's affairs as 8131 July 2025 and of the charity's nel movement
in foi the year then e[￿ed.
have been properly prepared in accorda￿¢ with Uni*d Kmgdom Generally Accep*d Accounling PrdCliCW. and
have been prepared in accordance with the rcquiremcnts of the Chan"ties Act 2011.
B*sls for oplmlon
Wc have been appoinied as audiior under sec￿￿ 144 of the Charities Aei 2011 artd re￿￿ in accordance with the Aci and
relevant regulaiiorL8 or having effect thereundcr. We conducted our audit in accordaJ)ce wilh In*rnational SiandaJ¥ls
on Audiiing (UK) IISAS (UKI) and applicable law. (hr res￿r￿$1b11l1leS under those siaThJard8 are ￿rther described in ihe
Auditor's responsibiliti￿ for the audit of the fmancial statemenls seeiion of our report. We are independent of Ihe chariiy
in accordance with the ethical requirements that are relevani to our audit of the fuwKial in the UK, including
the FRC'S Ethical S￿lard, and w¢ have fulfilled our other ethical T￿p0￿7b]ll(ltS in accordance wilh ihese requirements.
We believe that th¢ audit ¢vKkn¢e we hav¢ olKained is ￿ffiCIen( a￿d appropn￿e to PTovide a basis for our opinion.
Con¢lusloDs rel¥tlng to going ¢ox¢ern
In auditing th¢ finjncial statements. we have concluded tha( Ihe In￿(￿.$ use of the going ￿ncern basis of accounting in
the preparJtion of the financial statements is appropriate.
Bas¢d on the work we have we have noi ideolified any rnafrrial wKertainties rclating to events or cimdiliorts
that, individually or collerlivcly. cast Significani iknbi on the charity's ability to continue #s a going concern for a
p¢riod of at least twelve ll¥JThths from when the fmancial mtements are authorised for i4sue.
Ourresponsibililies and therespoTh*biliiies of the trustee with re4KCi to going cotttrn aredeSCri￿ inthe relevant sections
of this report.
Other InformAtion
The Irusttt is resp)nsible for the other infonDatIo￿ The other infomiatioti compris&% the inforniation included in the
Trustee's Repon. Our opinion on the financial statements d￿S not cover the other l￿fOrnIa1￿)n and. ex¢w io the ex￿n(
otherwise expliciily stsied in OUT re[￿, we (k* wt ¢w¢ts any fomi of a&wrance ¢th￿l￿S1On thereon.
In conncction with our audit of the financial statemthts. our wnsil)iliiy is to Tead the other infom)ation and, in doing w,
consider whether the other information is rnaterially 1]Kc￿lSItn¢ with the ftswicial sta*ments or our knowkdge obtained
in the audit orotherwise ippears ￿ be materially missiated If we identify swh maierial in¢on$isten¢ies orapparent m8terial
MisS￿teMents. w¢ a￿ required io determine whether there is a maierial misstarement in the financial statements or
material mi$8tatement of the other infomiation. If. b&ed on the WO￿ we have perfOrn￿d. we concludc that there is
mat¢rial missthtement of this otherinfonnauon. we are required to rewjn that fact. Wc havernthing io rew)rt in this regard.
M•tters on wbleh we #re requlred lo report by ex¢eptio
We have nothinK to repon in respect of the following maller5 in relation to which the Chariti&s (Accounts and Reports)
Re8ulations 2008 require us to rewTrrt to you if, in our (yinion:
adequa* arcouniing records have not been kepi by the clwity. or
suffKienl accounting re¢ords have been kepi" or
th¢ charity fmancial 5tatetnents are not agreemeni with ihe a¢cwnting Teconls and retll￿ or
we have not received all the infonnalion a￿j explanations we requirc forour audil.

BIUGHTON COLLEGE SCHOLARSHIP, BURSARY AND PRIZE ENDOWMENTS
FOR THE YEAR ENDED 31 JULY 2025
Responsibilities of the ¢TUSlee for the rID•N¢l￿ st•¢¢wents
As explained mor¢ fully in th¢ truste¢ respO￿lbilitieS stalcmcnt Set wt on page 5 the trustee is responsible for the
preparation of the fmanciyl stat¢m¢nts and for being sati%fied that they yjve a true and lair view. and for such internal
control as the misiee deteTmiDes is ne¢es5ary lo enable the Fycpafdtion of financial statements that are free from material
mi&5thtenieni, whether due to fraud or error.
In preparing the f￿anCial Slat£￿ents. the tru￿te is responsibk for a&wsing the charity's ability io Continue as a going
¢oncenL disclosin& as applicable, matters related to 8oinE concern and using the going concem basis of accounting unle&8
the tnjstee eith¢r intend5 to liquidate the chaTity or to cease 11)erations, or have no realistic aliernative bui io do so.
Audi¢or'$ rtsponsibililiei for the a¥dlt of tbe tSx*ttel*l %t*temeDts
Our objeclives are lo obtahn reasonablc assurnnce altht wlther the fmancial stsiemen￿ as a whole are free from material
isstalement, whether due to fraudoterror. and to issue anaudiior's report that includesouropinion. Reasonable assuTanc¢
is a high level of assurance, but is not a guaianttt thai an audii conducied in accordance with ISAS (UK) will always detect
a material misstatement when it exists. MA￿￿teMents can arise from fra￿1 or error and are consi(l¢red material if,
individually or in the aggregate, they Could re&sonably be eX￿*d ￿ InflUe￿e the econ(*nic decisions of users taken on
the basis of these statements.
Irregularittes, ineluding frau￿ are t￿Ma￿eS of l￿-coMplIan¢c wilh laws and regulaiions. We (ksign pr￿edureS in line
with our r¢s￿)nSibIlitIes. outlined above. io thteci maieTial Mi￿lements in respeci of i￿guIar11ie$. in¢luding fraud. The
extent io which our pmcedures are Capable of deieciing iThegu]arities. including fraud is dthiled below..
Based on our uThJerstsnding of the charity awj the environmeni In whKh li operates. we idenlified thai the prin¢ip81 risks
of Mn-compliance with laws and regulaiions related to Charilies Act 2011, and we consiikred the extent to which non-
compliance might have a material efteci on the fJnan¢ial ststemell￿ We also considered those law5 at]d regulations that
have a direci impaci on the prePar￿￿n of the financial statement% including the Charitics Act 2011 and the Charities
SORP.
We evaluated management's inceniivesand oFp)rnmilies for frdudulent rnanipu]aiion of the financial staiernents (including
Ihe risk ofover(ide of ¢ontroLs), and detennined that the principal risks were rela￿d to tevertue recognition. in particular
in relation ￿ volunlary incomeand management overrideof controls. Audit p￿￿edureS perfom)ed by the ertgageme￿I team
included:
Inspeciing correspondence with regulatrffs and tax autlM)riiics"
Di5cu&sions wilh managemeni includiog considuaiion of kmwn or suspected inslarKes of non-compliance with
laws and regulation and fraud.
Evaluating mana8emClIt's controls designed io preveni and deteci irregulariti
Ideniifying and ¢e51ing journals in pgrticulariournal entries posted with unusual &count combinaiions, Poslings
by unusual usews or with unusual d¢5criptions' and
Challenging assumpiions and judg¢m¢nts made by maThag¢ment in their critical accounting cstirnatcs
Because of the inherent limithiions of an audiE there is a risk thai w¢ will not d¢t¢ct all irregularitie& including those
leading to a malerial misslaiement in the fuwrKial statements OT JK>n-coJnpliance with regulation. This risk increases the
more thai complia￿¢ with a law or regulation is removed frorll the evcnts and transactions reflected in the financial
Sialem￿ts. as we will be 1¢55 likely io become awaTe of inslances of ￿￿-COMplianCe. The risk is also greater regarding
irregularities OC¢UTTing due to fraud rother than etTor. a5 fraud involves iutelliional C￿l¢ealmenE forgery, Collusion,
omission or misr¢presentali
A further description of our respoTh8ibilities for the iudit ol the finthcial sthtements is loca*d on ihe Financial Reporting
Council's website al.. www.frc.
. This dtscripiion forn￿ part of our audiioT'S report.

BRIGHTON COLLEGE SCHOLARSHIP, BURSARY AND PIUZE ENDOWMENTS
FOR THE YEAR ENDED 31 JULY 2025
Use of OUT repor¢
This report is made solely to the charity's trllstee, as 2 ￿dy. iti aceordartee with seetion 144 of the Chariiies Act 2011 and
regulaiions made under sfftion 154 olthat ACL Our audit work ha5 been un(lertak¢n $0 that we Jnight 51ate io the ¢haritys
trnS￿e those matters we are required to s￿le io them in an Audiiofs Tep)n and for no other pur[x￿. To the fullest extent
pemiitt¢d by law. we do noi accepi or a&8ume resE￿ibIlity io anyone other than the Charity's trusltt as a body for our
audit work, for ihis repon, or for the cs)inions we have Forn￿1.
Haysmac LLP
Statutory Auditors
Dale=
11 March 2026
10 (￿cen Stred Place
EC4R IAG
Haysmac LLP is eljgible to act an audilor in tcrms of scction 1212 of thc Compknies Aet 21K)6

BRIGHTON COLLEGE SCHOLARSHIP. BURSARY AND PRtZE ENDOWMENTS
FOR THE YEAR Ef4DED 31 JULY 2025
STATEMENT OF FINANCIAL A￿1VITIEs
Designated fu•d$
2025
2024
Restrieted Endowment
F¥nd$
Fumds
£000
Cipltil
Fund
£￿0
Inrorne
Fund
£000
Totsl
Fllnds
Tot41
Funds
Note
£0
£000
& ENDOWMENTS FROM:
Chjritable *ttivides
Gross rents receivable
233
233
225
Voluntary Income
I)onatiotL
25
25
Investmethts
IDvestrneni income
62
70
86
TOTAL INCOME
320
328
EXPKNDITURE ON
Ckarl¢able activities
Donaiions (including
support ¢osts)
250
250
240
TOTAL EXPENDITURE
250
250
240
NET INCOME BEFORE
OTHER RECOGNISED
GAINSILOSSES
70
78
71
OTHER RECOGNISED
GAINSILOSSES
Gains on inve￿rnents
LOS￿ on irtvesimeni pryrty
16
143
267
1565)
NET INCOME
12
21
70
221
(227)
Trartsfers between ￿ndS
62
162)
NET MOVEMENT IN
FUNDS
12
21
180
221
(227)
FUND BALANCES
BROUGHT FORWARD
196
398
7.517
26
8.137
8.364
FUND BALANCES
CARRIED FORWARD
208
419
7.697
34
8,358
8.137
The Staiemeni of Financial Aciiviiies incl￿deS all gains and losses recognised in the year. All Incon￿ and expendithre
derive from Continuing activilies. Full companiives on a fill￿-bY-fits￿ basis aTe included in note I l.
The notss on pages 13 w 21 forni part of these f￿￿￿¢la1 ststement
10

BRIGHTON COLLEGE SCHOLARSHIP. BURSARY AND PRIZE ENDOWMENTS
FOR THE YEAR ENDED 31 JULY 202S
BALANCE SHEET
De5ignxled fuDd$
Cipital
Income
Fund
Futtd
£000
2025
Total
Futhd5
£000
2024
Total
Fuud5
£ODO
R￿lrICted Endoryyment
Fund
Fwid5
Notr
INVEsfMENT A&SETS
Investment properties
Listed investtnents and fiux
3,400
4,900
3.400
4.669
202
409
202
409
7.689
8.300
8,069
CURRENT Assrrs
Debtor5'. accrued income
Cath at bank
10
35
22
S9
58
TOTAL CURRENT
A&SETS
10
45
69
81
LFSS:
Current Il*billties
c￿dItorS and accNed
(131
NET CURRENT ASSETS
10
58
68
TOTAL ASSETS LLSS
CURRENT LIABILITIES
208
419
7.697
34
8,358
8,137
R¢prewitiDg
UNRESTRICTED FUNDS
Designated capital funds
Designated income funds
7.697
7,697
34
7.517
26
34
RLSTRICTED FUNDS
208
196
ENDOWED FUNDS
419
419
398
TOTAL FUNDS
208
419
7.697
34
8.358
8.137
These financial sts*ments were a￿KOVed athd authori8ed for issue on 6 Marcb 2026 and signed on t￿half of the
Tnts¢e¢ by..
A Wagenbttg
GovemoT of Brighton
IUS Weir MA FCA
Governorof Bri8hion College
ollege
The notc5 on pages 13 to 21 fomi part of these fmancial Sts￿men
Full cotnpaTatives on a fund-by-fund b&sis are included in note 12.

BRIGHTON COLLEGE SCHOLARSHIP, BURSARY AND PRIZE ENDOIVMENTS
FOR THE YEAR ENDED 31 JULY 2025
CASH FLOW STATEMENT
2025
£000
2024
£000
Nole
Net cash flow from operating *¢dviti
17
Cash now from Inv¢5tlng Activlties
Invesuneni income re¢eived
Investsnent purchases
Investsnent disposals
70
(88)
86
{401)
30D
Net cash Ilow frorn invesling Activities
(18)
Increase in c*sh imd ¢th ¢4￿•V1]M￿
113)
Cath and cash equivalenls ai the beginning of periLKI
59
72
Cish and cash eqUI￿￿nIs Ai ih¢ ¢Dd of ￿rIod
58
59
The tM)ies on pages IJ 10 21 forni part of these financial statements.
12

BRIGHTON COLLEGE SCHOLARSHIP, BURSARY AND PRIZE ENDOWMEN73
FOR THE YEAR ENDED 31 JULY 2025
NOTES TO THE FINANCIAL STATEMENrs
ACCOUNTING POLICIES
Basls of prep8rntioD
The finan¢ial statement5 have bccn wepared in acc4)rdan¢e with ihe Chariii&s Aci 2011, the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102), the Statement of Recommended Prdctice
applicable to charilies preparing their accounts in ac¢ordatKe wilh FRS 102 (Second Ediiion, effective l January
2019) a￿j in accordance with the Deed of d￿ed 27 July 1999 (as amend￿> and the Order of the ChaTity
Commi&sion dated 16 October 2014.
The funclional currency is Cotish￿ ￿ be sterling (£).
Having reviewed the position and outlook for the Twst. the Twstee has a r¢asonabl¢ expectation tha( the TN$t has
adcquate resourcu io continue its acnviti&8 for the fcyeseeable fvture. The Trust¢e also ¢ortsiders ther¢ to be no
material urtcertainties ai the dale of signing the xcounts in relaiion to the Tn￿l'S ability to conlinu¢ as a going
concem. Accordingly. it coniinues io ad(y thegoing ￿nCern basis inpreparing the financial stat¢ments. Th¢ Tnts¢
is a Public Benefit Entity regisiered as a ¢haTity in England atml Walu with ¢harity number 1078589.
General Infonnatio
The charity's regisiered office is Brighton Colkge, E¥st¢rn Road. Brighton, BN2 OAL.
Cri¢if41 ¥J¢countiDg Judg¢meut5
In the appli¢J¢ion of th¢ a¢couThting polictes, the Trustee 15 fEquired to make jud8emcn15. e5timaies, and assumpiions
aboui th¢ c￿1￿8 value of and liabilities that are not readily aNMrent from other sources. The esiimates and
underlying assumptions Jr¢ ba￿d on historical experience arwjother faclor5 that arc considered to be relevanL Aciual
results may diff¢r from these estimales. The estin￿l&S undeTlyin8 a&su￿pIlOn$ are reviewed on an ongoing
basis. Revisions ¢0 ¥¢ounting estimates are recogn￿ the period in which the esiima* is revised if the revision
aff¢¢¢& only that period. or in the periLwJ of the rtvision and fibture pukn)ds if the revision affected Current and future
p¢riod5. The only critical judgetThent made by the Trusttt is in the valuaiion of the investment propcnics, details of
whi¢h are c(mtained in notc 3. In ihe view of the Tntsttt no assuM￿l0￿S concerning the fu￿re or estimatc affecting
assets or liabilitie5 at the balance sheei da* are likely ￿ result in a M￿erIal adjuslmerli to thehr ¢anying amounts in
the next finaTLcial year.
The principal xcouniing policies adopied ¢￿SIStenIty aT¢ as follows:
Fulld aeeoulltlng
The accounts primarily comprise unrestricted fim¢Ls which th¢ Twst¢¢ ha8 designated part as to Capitsl and the
balance as to In¢ome. The "Restricted Funds" wffjpnse an anonymous donation ond the funds of "The Coop¢r
Rawson Foundaiion" Th¢"Enth)wm¢nt F￿￿. ¢ontsiN the Peyton Bequest.
InvestmeDI*
Inv¢slm¢nt ass¢t$, apart from thos¢ applicable io Restriaed Futhds and the Endowment Fund, forni pan of the
designated Capitsl Fund. All i￿Orne arising from these investrnents is credited io the designated Income Fund as
incoming resour￿.
Investment a&sets are ￿valued io llnark￿ value ai the balance shttt dai< with revalua¢ion surpluses or deficits being
eredited or charged a5 u￿realISed gains or losses io the designated Capitsl Fund or appropriare Restricted Fund or
the Endowrneni Fund. Invesimeni prop￿leS are valued following Consultations with a professional valuer to whom
the relevant propcrty nthet iswell kTh)wnand listed inveslnxnts and fillxls are valued at market Vah￿ at the balartcc
5heei datE.
Gains or loues on disposals of investment &4sets are calculated as aris]￿g from the latesi balance sheei valuaiion,
and are credited or charged to the designated Capithl Fund or appropriate Restricted Fund or Endowmeni Fund &8
Tealised gains or losscs.

BRIGHTON COLLEGE SCHOLAKSHIP, BURSARY AND PRIZE ENDOWMENTS
FOR THE YEAR ENDED 31 JULY 21125
NOTES TO THE FINANCIAL STATEMENTS {tolltinued)
ACCOUNTIIYG POLICIES (eomtlnued
lllve51mellt iAeome
Income derived fro￿ invcstmcnts in thc fortD ofdividcD& ￿ creditcd to thc Statement of Financial Activiti&8 when
receivable by the Trnsi. Gross r&)tal income is included on an accrnals b&8is.
VOlunt￿Y Intome
Voluntary income is acCoUn￿d for as and when entitlement aris4 the atThiuni Can be reliably quantif￿d And the
econotnic benefit is considered probabl
Allocatlon ofoverhead and support cosls
Overhead and support costs have been alknaied bdween chan"tsble aciivilies and govemance. The allocation of
overhead and support Co$￿ for ihe year ended JI July 2025 is analysed in N￿e 2.
Charlt*ble ietlvlties
Costs of charithble aciiviiies include &)naiions made and an apportiment of support costs as slK)wn in Noie 2.
GoverDaDce ¢05ts
Governance cosis comwise all Costs involving the wblic acc{x￿labllIiY ol the Tn￿1 Jnd compliance wilh
regulaiion aThJ Ecrtyj praciice. These cO￿S include costs rel￿ed io the audii of the Trust's ￿￿OUnts iogeiher with
overhead and support wsis.
Flnancial Instruments
Basic financi31 instwments are initially recognised at transaclion value and subsequently amortised with the
excepiion of investments whi¢h are held at fair value. Financial assets held at amortised cost comprise cash at bank
and in hand, ¢ogether with trade and other debt0￿ A specifK provision 15 made for debts for which recoverability
is in doubt. Cash at bank and in hand is defined as all c&sh heid in instanl access bank accounts and used as working
capital. Financial liabilities held at alThort￿ cost Con)pn￿ all creditors excq)t social secuiiiy and other taxes aThl
provisions.
ALLOCATION OF SUPPORT COSTS AND OVERHEADS
The breakdown of supw>rt ¢￿S and how these are alloca*d ￿ween Governance aThJ Charitable Aciiviiies is
shown in the iable below=
2025
Ckirit*ble
Aetivitits
2024
ChArit•ble
Activities
Tot
Allocated
Total
Allo¢a¢ed
Governance
GoverDIIDee
£ooD
£o•o
Donation 10 Brighton
College
Accountancy and
professional fees
233
233
225
225
15
10
250
244
240
235
The basis of app)rtiomneni is dewled in Note l. The Tr[￿¢ Iw no employees.
2025
£000
2024
£000
Ac¢ouDtsn¢y professional fees inelllde:
Auditor's remuneration and cxpcnscs
14

BRIGHTON COLLEGE SCHOLARSHIP, BURSARY AND PRIZE ENDOWMENTS
FOR THE YEAR ENDED 31 JULY 2025
NOTES TO THE FINANCIAL STATEMENTS {¢ontinu¢d)
IliVESTMENT ASSETS
De51gnated Capil•l FuDd ind Restri¢i¢d •nd Fundi
Restrleted and
E*dowmeDt funds
2025
2024
£000
£000
C*pital Fwid
2025
2024
Total
2112S
£ooo
2024
£000
Investment properties
Listed inveslments and fun&
3,41KI
4.289
3.4(K)
4,1195
3,400
4,900
3,400
4,669
574
7,689
7,495
574
8,300
8,069
i)
lllveslment propertks
Restricted •nd
E￿owMent fuw15
2025
2024
£000
£0
Ciplthl Fund
2025
Tot*1
2025
£000
2•24
2024
£000
Market Value at l August
3,4
3,965
3,400
3,965
Nei Invurmeni losses
(565)
1565)
fvIarket value ai 31 July
3,400
3,400
The Trustees, having given due regard to the priw Trwkel consider that there has been no Slgnificanl change in tl
valuaiions of the pri)p¢rti¢s as at 31 July 2025. At 31 July 2024. investment Pro￿1]eS were revalued by GrdV¢S So
& Pilcher LLP, a member of Ihe National Ass￿la110￿ of Estate Agfflts and Crickmay Chartered Surveyor5. The m05t
recenl valuation Jt 31 July 2024 w&sbased0ni￿n tnarket value￿u￿7￿g Vaca￿ possession and resulted inaproperty
valualion decrease of £565k.
Ll$ted investmellls *nd f¥Ads
Restrleted *Dd
EDdowment funds
C*pltal FuAd
Tot41
2025
21124
2025
2024
£0(
2025
2024
£ooD
Market value at l Augusl
Additions
Disp)sals
Net investmenl gains
4,095
76
3.787
357
(2671
218
574
12
514
4,669
88
4,301
401
{3(KJ)
267
(33)
49
118
25
143
Markd value at 31 July
4289
4.095
611
574
4,900
4,669
15

BRIGHTON COLLEGE SCHOLARSHIP. BURSARY AND PRIZE ENDOWMENTS
FOR THE YEAR ENDED 31 JULY 2025
NOTES TO THE FINknYClAL STATEMENTS (Co￿11￿￿ed)
CREDITORS". arnoullts falmllg dye olleyear
2025
£000
2024
£000
Acenjals
13
ij
FUNDS
l) Des5g**ted hlldi
B*l*Aet
blforw*rd
OIIW2024
Movtmtnt Ill
Balance
tlforw#rd
3110712025
£000
Net g#lx$
& traD$fers
£￿0
Eipenditu
£000
Capiial Fund
- lrtcome Fut)d
7.517
26
7.697
34
320
(250)
(62)
7,543
320
(250)
118
7,731
DesigD#ted funds 2024
MovemeNt In FuDds
Balallce
tlforw*rd
blforward
G*lty
(IDssesl
& transfers
OiA)W2023
Expenditv
3110712024
£0
Capital Fund
- In￿me Fund
7.753
26
(236)
162)
7.517
26
302
(240)
7.779
302
(2401
{298)
7.543
In order lo clearly identify the reserves neeessw to meet their obliytion& the Trus¢ee design￿¢$ pan of the resttves as
"Capital" for invcstmcnt PUWW)5cs and part'lncomc"
In *Jdition. Ihere are fvnds resiricted under ¢h¢ Cooper Rawson
Foundatton. an arhonyrnous donation, or cndowcd urKlcrthc Pcy¢on Bquest which are held against iheir identified criteria
for awaTdin8 in approprL8te a¥es. Net gains and transfers in the year ¢omptise of investmeni gajns of £143k (2024: loss
of£267k) aTrJ investment prtyuty gains of £nil (2024: losses of £565k).
16

BRIGHTON COLLEGE SCHOLARSHIP, BURSARY AND PIUZE ENDOWMEP4TS
FOR THE YEAR ENDED 31 JULY 2025
NOTES TO THE FINANCIAL STATEMENTS
FUNDS {¢olltinwed)
Restritted fwnds
l•n¢e
blforwird
Olm￿1024
Movement ID F•xds
BalaDce
elforward
311071202S
£ODO
L•5ses
& traDsfers
£ODO
llleome
Expenditsr¢
£0
Cooper Rawson - Capital Fund
Foundation
- In¢orne Fund
37
16
15
Anonymws
Donation
Capital Fund
- Income Fund
123
32
30
196
208
Restricted fund$ 2024
BAI*D¢¢
Wforw*rd
01108r2022
Movement in Fu•d5
Bxl4nre
elf•nvard
3110712023
£ODD
Losses
& tra￿re15
£￿0
Income
Expenditure
Coopu Raws)n - Capital Fund
Foundaiion
. Inwme Fund
33
15
15
Anonymou5
rknnallon
- Capital Fund
- Incomc Fund
29
30
193
196
The R£￿Ti¢l￿ Futlds are aydilablc for the following pury05C5:
Coopcr Rawson - lo wornote ihe education of wpils ai Brighton College who are Childret) of clergy of the ChuKh of
En8land and who arc in nced of fInanc￿l as5islancc.
Anonyrnous Donati(¥L for the benefii of thildm of Old Brighionians ai Bright(ffl College who ¢an show nttd for
rinancial a5Si51ancc with fee
EDd•wmettt fvnd
Mov¢meDt ID
blfonvArd
OimW2024
Losses
& transfers
clforward
3110712025
£000
Expenditsre
Pwon Beque
. Pemlaneni Endowment
. lrttome FLmd
315
83
16
331
88
398
16
419
17

BIUGHTON COLLEGE SCHOLARSHIP, BURSARY AND PRIZE ENDOWMENTS
FOR THE YEAR ENDED 31 JULY 2025
NOTES TO THE FINANCIAL STATEMENTS {conlinwed)
EDdown￿llt fund 2024
B•l*uce
Mov¢Ju¢•t in
B#l•pee
elforward
3110712024
£ooD
LosS¢5
& tr#nsf¢rs
£000
31rn712023
E4KtyJlthre
Peyton Bequest
- Pcrjnancnt Enthwmcnt
- Incorne Fund
315
315
83
392
398
The EndowtT*nt Fund is available for ihe following PUFFW)Stt:
Peylon Bequest . the incom¢ is to be applirjj forthcbcnefitof thildrcn sclcctcd 3nnually at the 501e di$¢rclion of the Head
Master lof Bri8hion Collegel priority to be given to individuals bearing the unhyphenated surname of "Peyton" and who
have not acquired it by adq)tion ￿ by chansc of name by Ihcm or Iheir ancemors since 19(M). Income unexpe]7ded bs an
accrelion to the Endowment Fund.
ANALYSIS OF NET ASSETS
BETWEEN FUNDS
Restrieted
lunds
£1￿0
ENdowcd
fllnds
£000
De5igna¢ed
funds
Total
£000
Fund balances at 31 July 2025 arE
represenied by..
Invesimeni propenies
Li5tcd invcstsnents and funds
Net current as5e15
3,41)0
4.91)0
58
202
4289
42
10
208
419
7,731
8,358
ANALYSIS OF NET A&SETS
BETWEEN FUNDS
Restrieied
funds
Endowed
funds
Designiteil
funds
Total
£000
Fund balances ai 31 July 2024 ale
represented by:
Investment properties
Listed investments and fijnts
Net eurrent assds
188
386
12
4,095
48
4,669
196
398
7543
8,137
18

BRIGHTON COLLEGE SCHOLARSHIP. BiJRSARY AND PRIZE ENDOWMENIS
FOR THE YEAR ENDED 31 JULY 21J25
NOTES TO THE FINANCIAL STATEMENTS (contiThued)
CASH FLOWS
2025
£000
21124
£000
RecoD¢ili8lioa of oper*tin¥ prolRt to net e*sb Ilow
from optrathig Actlvltles
Net income
Net dividends and interesi received
221
(70)
(227)
(86)
Decre￿ in debtors
{tkor¢ase)..Increa5e in credi101S
Inve5trnent (8ain5)..'losses
12)
(143)
298
Nel cash flow from Op￿ing aciiviiies
17
TRUSTEE EXPEIYSES
The Trus*e received no remuneration or reimtwwsement for ￿Y expense during the year (2024.. £Nil).
RELATED CHARITY
The sole tyusiee. Brighton College, is a company limiied by g￿ranIe¢ (number 7663) and a registered charity and
is the recipieni of bursaries and other grants from the Tn￿. The registered charity number or Brighton College is
307061 and ihe administration address is Easrern Road. Brighton, E35t Sussex. BN2 OAL.
During the year ended 31 July 2025 grants WKI burwies t(knilllJg £233k (2024.. £225k) were made to Bri8hton
College.
The Tn￿1 leases ¢erfain prO1￿rtIeS to Brighton College ￿ normal rental temis. Leases in place a¢ 31 July 2025
prthluced gross rentsls of £233k in the year (2024: £225k}.
The smallest and jargest group in which the rcsults of theTrusi &rtd the results of Bnghion College are consolidated
is that headed by Brighton College. The stawiory xc(wJrtts of Brigh￿ College are available fTom Compankes
Htbuse.
10. RELATED PARTY TRANsA￿loNs
Ther¢ w¢re no trnnsa¢tions with the Tntstees and Go¥em(Ks during the year{2024.. £nill.
19

BRIGHTON COLLEGE SCHOLARSHIP. BURSARY AND PRIZE ENtIOWMENTS
FOR THE YEAR ENDED 31 JULY 2025
NOTES TO THE FINANCIAL STATEMENTS (ro￿ti￿￿ed)
STATEMENT OF FINANCIAL ACTIVITIES- PIUOR YEAR COMPARITIVES
UArestrleted fu*ds
2024
2D23
Restrlcted Endoyrnent
Fthnds
Fllllds
Capit81
Fund
Income
FuAd
£000
Total
Funds
Tol81
Funds
£000
Note
INCOME
& ENDOWMENTS FROM:
Charitable *e(Ivltles
Gross renls receivabk
225
225
22S
Investments
Inve5trnent income
77
86
134
TOTAL INCOME
302
311
359
EXPENDITURE ON
Charltgble Actlvlties
Donations (including
support costs)
240
240
234
TOTAL EXPENDITURE
240
240
234
r4ET If4COME BEFORE
OTHER RECOGiYISLD
LOSSESIGAI]YS
62
71
125
OTHER RECOGNISED
LObSESIGAINS
(Loss¢sfvGains on investrnents
Gains on investment property
267
(565)
267
(565)
{35)
465
NET INCOME
(298)
62
(227)
555
Tr¥n8f¢ts between fijnds
62
(62)
NET MOVEMENT IN
FUNDS
(236)
(227)
555
FUND BALAIYCES
BROUGHT FORWARD
19J
392
7,753
26
8.364
7.809
FUND BALANCES
CARIUED FORWARD
398
7,517
20
8.137
8,364
The Siaiemeni of Financial Aciiyiiies in¢lth all gains and losses Tecognised in ihe year. All income expenditure
d¢rive from c¢)nlinuing aclivities.
20

BRIGHTON COLLEGE SCHOLARSHIP, BURSARY AND PRIZE ENTM)WMENTS
FOR THE YEAR ENDED 31 JULY 2025
NOTES TO THE FINANCIAL STATEMENTS (toD¢illwed)
12. BALANCE SHEET- PIUOR YEAR COMPARATIVES
BALANCE SHEET
Unrestrkted funds
Caplt*l
Income
FuAd
Fund
2024
Tot•1
Fund5
£0
2023
Total
Funds
£Doo
Restrleted
Funds
EndowmeDt
Fu•ds
Note
INVESTMENT ASSM
Investment properties
Listed investments and fun(Ls
3.4(M)
4.669
3.965
4.301
188
386
4,095
188
386
7,495
8.069
8,266
CURRENT ASSETS
Debwrs.. accNed income
Cash at bank
19
20
22
59
30
72
10
22
TOTAL CURREI¥T
ASSETS
12
22
39
81
102
LESS;
Current liabllities
Creditor5 and accrued
expenses
{13}
113)
{41
NET CURRENT ASSETS
12
22
26
68
98
TOTAL ASSETS LESS
CURRENT LIABILITIES
398
7.517
26
8,137
8,364
Representlng
UNRESTRICTED FUNDS
Designated capithl fijn
Designated income fibnds
7.517
7.517
26
7.753
26
26
RFSTRICTED FUNDS
196
196
193
ENDOWED FUNDS
398
398
392
TOTAL FUNDS
196
398
7,517
26
8,137
8,364
21