BROIISGROI'E SCHOOL ( rompani limiied bi Ku¥Yantetl (l[Or)rAIl8 Broms%ro%e 5cbool Scholrship Pre Fnd. 1hi.id Il"*liers Ilemorial Fund Ind The So¢leii" of Friends or Brorosgfoie Srhool Trnsll C-ONSOLID..ITED FIN.4%1 CIAL ST.4TF.%IE%TS FOR THL ) E.4R ENDED 31 .4l'GlIST 2•20 Compan% Number 48081 ?1 Charli% Number 1098740 Ilaisma¢irtThTe LLP Chartered .4¢counianis RtEistcr¢d.4uditor5 lon1ft
BRO.IISGROI'E S('IIOOL RF.PORT OFTHE GOI'ERNORS THE GOI'ERNORS AND GOI"EIiNING BODI. Ir P Il'es¢ ISC: GC. FPC. RC) Chairman & ChainnaTr of Safegwrdim8 & Il'¢lfare Committtt Lt Col %1 S Ballard {HC- SCI Dr C Barnert IEC. GCI Chaiman of Edu¢*ion CommiNee Irc D E Cameron(FPC. IC: SCI Irs A E Cleary IEC) Dr C Lidblfi IEC. SC Irs J Lo110n (BCI tr Kl Lllckman (EC. RC) (thawan ofRtsk & Str•iegJ Commiiiee fr Il, Rle IIC: FPCI Chirnmn of In%'esinKnis Commillee fr I Strinp¢r IBCI Chairnjan of Building Commintt .IlrG (GC,. HC: BC) Chairman of Health and Safe. Comm•Nee & Chaimian of GoNernance Committee ¥lr N J Vtfflning IlC- SC) Resigned 17 January 20?0 Ir D R Il'aliers IFPC- RC: GC) ChairrnpTr ofFiNve & Propert). Committee Nlrs D 11'41ii¢r IHC) PC = Nl¢mberof Finanie & Propew Commi¢iee EC= Nktnbcr of Fducalion Committcc BC- IlcTnbeT of Building Committee IC - Nlember of Iniesimeni Coniniince C= Iltmr of Go%etnanc¢ Cofflmittee HC = illember Lif Hcalth &. Safety. Commirtte RC - %lembtr of Risk" Strattg>" C'ommin¢e SC= Ilunber of S&fe8uarding and Il'elfar¢ Commiry¢¢ CLF.RK TO TIIELOI"ER%I ORS ANDCOIIPANI. SEI"RETARI' Ir J S(Nnmeriille IThorna5 Honon &. Sons) IIE_.IDII.4STER Nlr P ClagLe 11 ebsiie- PRESIDLNT Ir S Toiit CBE DL
BROIISGROI"E SCHOOL REPORT OFTIIE GOI'ERNORSlrontinw¢di ADI ISERS LI"d5 TSB Bank PIC 112 High Sireel B6l 8EZ Soli¢i¢ors- 'eale l%'&4brou8h 0.hard Court OrL"haYd Lane Bri5101 BSI 5II-S Il¥risoft Clark Ri¢kubJ's Ellenlxirough Ilouse '¢llin8ton &r¢¢i Cheli¢rtha GL50 11-D Auditcffs: Ha>51llacinhTe LLP 10 Qurtn Sir¢d Pla¢e iA)ndon EC4R I AG Ini'eslment Adi'isers.. Temple Point Ttmple Ro Bimiingham B? SLG Insurance Bn)I'¢rs: larsh Ltd 4 llilwn Road H3)110rds Ileaih. 11-esi Susse R1116 1.4H STATI'.5 AYD ADIIINISTIL4TIO Broms¥ro¥¢ SchLwI is a ¢iNnpan! limiied b). gu•Tgnlrt. not hasing a share rapiial and 15 goi'em¢d b). its nwmopandum and anLLles vl'osswialion. Copipanj Rrgi51ration number. Re8lStcred Chani> numbtf. 41081?1 1098740 Registered offitt.. 11 or¥¢5*r R(wd Br1iM5grt Il"or¥¢siershiTt B61 7DL'
BRoIlR01"E SCIIOOL
REPORT OF THE GOI'ERI%ORS IC'onilnMtd)
C'FI.IIRII.4N'S STATEIIE%T
20?0 will go down as one of ihe mst challenging artd ¢iir*YdIn )"ears in the histOE)" of rhe sch1. In such times
Stron8 leadership, fleiibilit). and rommiimenl are es5eniial #itribuies for a SULLe&5ful nai'igaiion. It coni¢s as rko surpris¢
thai ieachcrs, staff and pupils Ilik'e ha%"¢ becn ma8nifi¢tnl in rising io
BRO.115GROI E SC'IIOOI. R.POR'I' OF TIIL GOI'ERNORS (c'ontiTred1 The Dirt¢ior& Bre the Go%'¢moTS of ihe Scknl. pr¢seM iheir annual for the >'ear ended 31 Augus1 ?0?0 und¢r Ihe CoDipanies .4¥l ?006. iog¢ih¢r i%iih Ihe audiitd fin0al 51aiements flir The }'ear and Confinn ihii lh¢ financtal aiementi ¢onipl%' i%iih ihe requircmtnis of ihc 4¢1. Iht rhanh"'S 0emIn doL'Umtni, applicabl¢ sa. and the Sts)i¢mtnt o( Recommended Praili¢¢'. .4iCOUlltiDg R¢p)rtin4 b% Chariiies appli¥able charities prtparing I1r accounts accordance ii'iih Ihe FiTranrial R¢tM)rting Standard applicablc IA the L"k and Republic of Irela• IFRS 10?Ilkn"ond ¢diiior effecti%¢ l jaUrI !0191 REFLRENCE.4%D.4DIIINISTR4TII'E INFOILII.4TIO The Sch1 kiunded in 11$3 and re-founded on the currtni si* in 1693 b}" Thomas Cwk"ts. Bromswi'e S¢hcx)l thag one of Ihc onginal lourt¢eTh membeis of the Il¢adniasl¢rs' C'onference IFLIICI it was founded ITh 1869. The Pre. pr¢pMaior>' aT Preparlior) sch1& ar¢ iii¢niieih ctniur%" foundations. The SihTh)I was inLorp)raied as a ¥wmpan)' limi¢¢d b). gu¥antce M I S¢wtmber 2003 tr charity. nurnber 1098740 and re¥ist¢r¢d ¢onipan) number 48081 ?1. OWEC'"rs..41I15.I%D ETHOS Chlrfiible Oblttis The objects for ibhich thc Ch&rit)" Is established are to adiarKe education and iraining b). lh¢ proi'i5ion and ¢onduci in or n¢ar Il'orcesieishire of an). dai and hwdin¥ Sih1 or $chlS for iw'5 w)d ¥irfs. Thr Clwil) pro%"ides edutaiion Ojk ihrct SI ID Il'orce¢sh1le ¢0 >}.5 and girfs froni Ihe ages of 2-11.1 h¢ CKirit) also proiides ourscr) &ai¢ ai ihe Il"ini¢rfold site for babie5 aocd 6 ¢¢"5 ¢0 ? %tars. li is the wli¥) of the Sclvx)I 10 proiTrd¢ a lirsi ela55 edu¢aiioTL whi4h identifics and deN"elops ihe wltniia] of iThJii'idual pupils in a %'aricl} ot area5. proi.ides ihtni iih ihe 51 achiei'ablc qualifKations and PreP¢S them fw ih¢ir futwe lif¢. "Ih¢ C-harit)" ¢ortslanilJ aims to pAlde a first class c3110 Ix)>"s and girls from lh¢ asts of!_18. I'ithin the obje¥ts, Ihc S¢lKX)l aims to pMIe hJppN. creaii%e. mrdl ¢ilil¢nS Il'kn li1.¢ lIalCd. fulfilled lii'es Thhile ¢nri¥liing ihe li%¢5 of oihtr5. Th¢ Sih(K)15eeks io a¥hi¢%e this Ihrough an tnli¥hi¢ned. dis¢iplined and broad Uall0 ihat r¢wTwJ5 10 gliibal i%h>lt i¢tsininB Core lalues. The core lalues ihai ihe seek's fosier in lis pupils are.. Humilit) and Confidence Compassion and èlmbiiioTh Rt5Ptii and CuriosilS" Toleran¥¢ and I'ision Eihos Broms¥ro¥e SrhLK)l is committed io saf¢guardino and PTO]noting ihe Meifare of all pupt15. The Sc7 15 pniud of ihe strong pasloral ¢are pro% id¢d b) Ihc Ik)us¢ struclure in ihe Senior SLhth)l and b! the fi)rm tUiOFS iiiihin the Prcpar&ioTh and Pre-prtpdfdliin Sih15. .1 h¢ &-Iwl hJs a raring MhiLh is r¢nekied in all of the SrhLK)I's wlicies and proic4lures. The SL'hLwI mainlain5 r¢gul¥ conthLI lIh parenis ihrough new51Llltts. social medta. infotrnal mteiiJi¥s and regular reports, The Go%"emors are ¢omrniiied thc sthnding principle that ¢hwilit5 must tiisi for ilhe bentfii of ihe publiL and ha%¢ a long iiadiiion i)f proi adin publi¥ benclii. )lh ihTougb ¢ducaiing pupils ai ihe SLKWI and ihrou¥h asst)ciaied aclii'¥li¢s for iht b¢nefii ol- Ihe 14ider collimuiiir%". Thc Goitrn4)r5 ar¢ iLimiMilted io ld¢ll1S aLLCSS IKTr ihe SclKxil 10 ¢lliiblt Ihal hildrcn thho ¥X)uld Th)t olh¢D%1 aticnd ih¢ School can benefit from ihe educaiion il pro%ide5. The Sklw)01-s eihos is pupils fwm all back'grounds. Lnirance assessments are vThlellaken satis1! knili lh¢ SchiN)l and lh¢ parents that prospe¥iiie pupils ¥an cope lIh the pkne of learnin¥ and bentfit froni Ihe breadih of ihe edwaiiofi Iha¢ Ihe shl1 proii41es. .4n indi11dt'S econornic gcnder. tihiii¢it!. seiuil orieiiiatiiin. rac¢.
RO)ISGROI"E SCIIOOL REPORT OFTHE GOI'ERIORS (Contlnu¢dl OWECTS AIIIS AND ETIIOS Ic'olltillued religion or disabilbty do )1 form part ocik as5es5meth wt Thc SclMX)l is pan of a Mider communkty and h8$ a long thistory ofofferiTr8 a ran8e ofedu¢aiional acti%'iiies for Ihe bcnefit of local childr¢N. The S¢thth)l olTers ¥liiilics and acce55 10 lh¢ SrlKxII's fa¢ililir5 proi.ide optM)rtunilies for children oihtr ih&n pupi15 at ih¢ S¢hwl io benefil from the charil).. Slfiall).. Ihis )rar wid prior w the COI'ID-19 IoLk.d(pi%m, Ihe Bromsgroi'e SC[ Swim .4¢Adem) provided simming lessons i() 930 childrt from the kx-al lMmunIt>. '[ he summer S¢hwl Ihat usuall>. wn5 for eight w"eek's in Ihc summer trK)lida>'s and the Ttnnis a¢adem)' ar¢ a150 op¢n io Ial children. Lthal primar). s¢hLN15 use the s7Mming pLx)I for Me¢k"l)' lesws •1 rb) char8e. The School. i%hen li is sarc. w.ill coniinuc to provid¢ access 10 its fa¢ililEes to ¢hildren from othEr ¥hwls. Bursries •wd Srholarsthips The sch{M is committed ) ensuring ihat Iher¢ is su(fictth OprnIn11). hr ¢hli dTen i%hose parents ¢aAr1 afford ihe ftts. including Ih)se in [ertI., lo brntfii fn)m ils educatTraI ser%'ices and faLilitits. The Goiewnors and ihe SchL¥)I mana8emcnt r¢gularl)' re%iekn the S¢hty)I's Public BentfEI Poli¥). as part of the ongoing dti"elopm¢nt of the S¢lKK)I S straregy to widen acecs Go%'¢rn)rs are committed io Thnnin8 A means4e51ed bwsary. scheme io alloiv direci tccess ihe educational ser%'i¢¢s pn)%'idcd. Tr 54h¢mc is designed io assisi prosrK¢ii%"e PtAt5 and exi51inB PaT¢n15 on lo incornts ibho for financial reasons mtghi gthenvhs¢ bc unable io send or coffliinue k) send their child to 1>1. The bursary. schcnie includes Admissions bur&qries for ihe pat¢vls of nei¥ pupils 2nd Hardship bursaries for paren15 M"lose finan£i41 wsltion r5¢S unrxpectedlj.. Admissions bursaries I]de boih life ¢hangiffl8 bur5fbe$ 175•/0 - IIXbD/•) aThJ loM¢f ¥i%ards for f•milie$ needing fee is515L¢¢. BwsaTie5 are eniirefy and amardtd on an annual b1515 ty) par¢nis s21isfy' Ihe finan¢ial Criteria set by the SclM))l in relalion iheir iome and the lalue of their capi] assets. The SclK)ol has a Bursao Poli¢y. Hhrch is available io Ih Pros•%¢ and exi5tkng partots. The wlic). <ortlains an o)'erYi¢iv of ihe schtrne and detstls ihe prnYe41wre (or applicaiions and aiards of burwte$. The Nalu¢ of buT5aries 111 bc up 10 I{J• of fvll fees artd additional assisthrKe 15 available lo parenis 10 assj5t 1th the ass(Kial¢d c051s Lif Iheir rh•ld S ¢du¢aiion. The SclKM)l allocates a pr4)p)nion ofiis ioial income in each finan¢ial )ear tsj ihe buNri schcmc. The Sch1 s curyeni aim is 10 allale tM)t Icss ihall 5•0 ofi¢s total income each financtal }ear fund means iced bursarie The Sch)1's scholarship aards ie(08nise high adeMiC Wential or ihe abÈliiy fy) exeel in ¢o<urri¢ular octilqties. SclarShIps are awarded iviih a fL¥ed remission of becn 2.5•-• )d 51•. Il'her¢ furfher a5sisthnce is reqtsired. # means Slcd buTsary' ma) suppl¢mefii scholarship aiiards.
BRO%ISGROI'E SCHOOL
REPORT OF TIIE GOI'ERNORS(C'on¢inuedl
STIL&TEGIC REPORT
CIIRRLIT I'E.4R PERFORIIAICE REI-IEII.
Coi"Id-19
The COI'5D-19 pandeniir had a 5ignifiianl impaci on thc Schwl ihi5 academic lear. The Headma5tCT and the Criii¢al
Incideni Lllan28enicni I'¢am manA8ed the silKl's resp>nse to ihe pandtmi¢ exTTemel} efYe4ti%'cl) and i%hi1s1 Ihere iicr¢
si¥nifKani olational artd linaDcial implieaiions for iht l¥)Ie Sclwl communii). all le>. stak'¢holder> r¢niained en8Aged
and p)siii¥e the a¢tion5 thk.en b). lh¢ Sclxyjl.
.41 an operdtional leiel. lh¢ School mo%'ed i¢r)' qui¢kl% 10 ensurc ihai all pupil> iould gain ac¢ess io lh¢ ScIl-s on line
teaching platform. Due w ¢x¢¢llenl pl•nning training in Ilaf¥h bcfoT¢ l(Kkdoi%m. all pypils i%ere able io aclcss iheir
lesson& un lire from lh¢ 51art ofthe summer i¢mi usin¥ ihe 7.wm ploifoFm forolderpupils and Sce Sa%% s>51tm for souTrg¢r
pupils. Thc on line ofterin85 ii'fie eitr¢mel> ¢11 i¢Kei%ed b) pupils and their par
BROIISGROI"E SCFIOOL REPORT OF THE GOI'ERNORS ICoutinu¢d CLTRRF.,NT I'EAR PERFOR)I.&%CE REI'IEII. IC041illutd) In luial. there i%¢rc_W6 Ll ppcrSi¥ih lea%'trs Ihis academic )¢•r. Of tkse, 20 siudenis has¢ tsken up Higher Educ&iion place5 abroad ai leading Llnj%'ersili¢s in plmeriL4 Camad4.4tsstralia and Hong kon8. Of ihose nwi'in8 on to LTK uni%'ersilies. 72 JO ofour typi15 look up plact5 at Russell Group LntleilieS and 23•JO Menl on 10 a M"oTld Top SO Vni¥ersity- In the earlicr part of ihc ¥ademic >ear and prtor to Ihe pandemi¢, Ihc SclKN)114as able lo achie%e s¢%'eral of ihe objectiies sei out in the ScP1.s Ikseloprneni Plan for ihe >e¥_ In seiiiryg obj¢¢ii¥e5. Ihe Go%emors arNI Sehwl niAnagcrnent gii'e carehjl con5iileratioTr 10 ihc Charity. Commission's general guidanceon public IKnefiland in part1¥u1 lo ilssupplemevtar) 8¥idonLt OD arf¥ancjg tdvaiion. The F.¥e¢uii%'e and Go%"eTh)rs rtiogoi5e ih¢ knuge imwtance of Boarding to s¢11. tx)th cufturall) and financially. In the light of irKreued Coryetiiion from other kading Independent $chls and retitLIIon5 folloing th¢ lasi ISI Irtstrdion, Ihe Sch(xyl undertTr)k a full rel'it of 311 asp¢¢¢s of Ilo¥diny in ihe,Ilichaelnths ierm. An ¢yieThal adlSOr iih signifi¢onl ekp¢rience of bcsl PTXlice ithin Llk IM)arding apwinied 10 coniplelc this rebiew. In rtwgnition of tht high number of kn1d¢ ai Brom$Br¢, il was recommended thai the Schwl should alloL'aie more senior maTTragemenl lime s1¢115 to ihc rnanagtmtlli and oltrsighi oltA)arding. Trwihcr 10 Ihis re1¢", Ihe SerÈK)r Sel1 sNI'r reSirclUTCd and ihe Depury Ilead. P&siLifdl has lh¢ re4M)nsibilil)" for wnanaging all a$&1$0r IKiardtThg. The fewrt also included several other recornrntrtdaiions such as ihe corKepl ora 11)ing 4uad to deal lih siaff absences and lllcred nursing PNTrAi5ion in the ¢iet)ings which ihe SclKY)l is implementing. A r¢%'ieiY of tbc He of l ear and Per9)nal. Sttial. Ilealih and LcoTh)mic IPIISE} PfoViSiL)n i¥i¢hin the Senior S¢hool ii?s also compltled irt ihe Nli¥haclma5 ierm. In order that ihe Scknl's pnivision can be more age Slf1¢. a n¢iv PSHE Pfogramnie has tren deelopcd for Ihe )oung¢r pupil$ w"hi¢h incllldes increased curriculum kachiTrg lime. During ihc swmrner icrni a ne Enrichmtrt Prw8mme SU¢ttssfully' inirodu¢ed for sixth fLvmeT$ ithi¢h foeuses on eparing th¢ pup•ls fi)r lifc k)'ond Bromsgro%¢. A5 ¢11 85 focusing on career delelopmenl and LCAS PTeparaiioTh. it CO%.¢ such topics as cooker). Car rnaknienanL'e. house maIWena¢ and emergency life4ai'in8 skills. Our mapr building projecl {(Xtilie} commenced in the sunimer of 2019. (h"cr ihe stsmmer. Big SclKX)l i%as refibIShed to cr¢at¢ a ne Melcoming. spacious and tI1-furnished Common R4x)m kn the knror Sch] siaff prol'iding [h stud). aTrJ Tela¥ation areas. This optn¢d al th¢ start of Ihc academii >ear and 14as ier). ell fCiei%'ed b)" all of Ihe SlatT. A¢ O¢¢oiKr. 11¢ wtre delighied ¢0 open the Hrritage cent wiihin tht Big S¢11 building. Thi5 iwludcs a modern displa} area which allows 0ur.4rL'hi¥'i ith ¥tsnge exhibilion5 for alumni and the Sl-hl commuthity. li also Inc11¢S a ork and Storage ttrea tor the Ah111st 811016in8 Iw b) iNI'ol%'e (wr pupils in her resknralion ivork. The new. da) girls IJou5e. Oiiilrc Hild Ilouse 85 due to be ¢ompleied ai E•5r in order ihai ihe gir15 Mho iie¥e prevrousl) in rhe Oaklt> trM)arding could mol'e io ihe nem da) ]x)use. This in%'oli"¢d a major r¢furbishmeiii of Ihe previous Staff Cenlrc lo¢aitd b) Rouih Grcen. L'.nfortunat¢l). Ihe PandeIlL Ilad a 518nificanl inipgct om Ihese plan5 and due to the Iwkdowi. li aS aged ihal the girls s14)uld mole in lo Ihe new ]MIU5e ai Ihe slarl of Ihc nex1 0¥adtmic >'¢ar. llThils1 the conSI11n cooipan) did need to leai"e 511¢ for four Meck"5 0%'¢r Ik pandemic, IlLC}" did kornplrtt Ik knu5e in la). and the S¢11 is d¢lishted M7ih Ihis ne addiiion k> th¢ da). house CL)mfflunl'. This building proj1 8150 irKluded the refwbishmenl of ihe S¢1]] Shop. the ron%'¢fsion of ihe da) rrA)ms in Oakle> io boarding bedrwms and the building of a link conne¢1 Ihe Il'endroh Gordon anD¢.xc to the main house. Dcspite Ihe impaLt of Ihc pandeniic. Ihe S¢lMx)I hd an exccllenl i¢lationship lIh the building conlrailOT F. J Camtr and the projec¢ 1135 cornplcied i¥iih Con1rltl issuts. .4n ex1¢ndcd programme lias agrecd and Rll 85Ptcts of thc building isork's ert ¢ownpl¢i¢d lsiihin Ihe ]ock.doMn perityj ai A) addilion81 cost k) ihe Sclw)ol. "Ihe final pn)jeci ¢05t agteed on bwdgei. In rtswn5e 10 The CON'ID-19 paNt¢mic the Goiernors and the Exe¢utiie PEIen[l). drcided io dcfer aTri' neiv major ¢apital e¥pcnditur¢ pwjtcis. This included * t7118 neiy plan for Ik Il"Inlerfold silc. In Iht )car. lh¢ plans iiere de¥cloped and lie i%ere Successful in 5fKurins full planning and lisied building pem155ions. Ihe }ear, IMO small projLYls iser¢ ¢omplef¢d. Ihe Il"inierfold Kindetgoncn Mas rcfurbish¢d pn)%idiJig a modem. spaciou5 eniiionnicni 1th ac¢¢ss to ouidwr Itarning are•. In jd41ii1ts the Conc0 at lh¢ Prep Sctrthl r¢ pal'ed.
BRO,IISGROI'E S(HOOL
RF.PORT OF TIIL GOI'F.R%I ORS Icooilnutdl
CI'RRE%I T I'EAR PERFOILII.LNI"F. REI'IEII" (Contifi)
The Go%ernors and the E¥e¢uiii"e are comrnitted Imp1.1g the Schwl's f1lMi. In the )"eaT. a Sustainabiliiy
Rciieiy initialcd and a numb¢r of neil. ptojerts rommenced. Folloiiing eonsultsiion 14iih Ihe pupil su5tainabilil>'
CDmrniNe¢, n¢iv 1%&sle managtmeni 'ere in1ftted to tnsurt Ihai all wasie 1th1n the S¢hfy)l is F¢¢}cled and
res31b]Y managed.
In the i'eAr. ithe Schcol eonsumcd 1o.9?7,291kTh of eTrcrgJ ih¢ qujnlity of emissions amounted to
? 157.730k¥CO?e. I h¢ Sch{x bs closcl) oni1rIng all gas. electririi! and transport fvel ¢onsumpiion 1¢h ih¢ aim of
redu¥ing u5a8e across all four SclMX)Is. A numbcrofrt¢w iniltaii%'tSaTt being pro8sSed in¢ludin8researLh into alitmaii%'¢
sustainable healbng solutlOJ15 and th¢ roll out of LED r¢plkctmeni li8h¢ing io all buildin8s. The elt¢iricio' contracls tre
als0 renegotiated in the >ear and all Supplies are IIXP• REGO IReTreii'able EneTg)' Guarnnteegof(ki8in).
Tht &)Nernors ¥¢ committed denIng a¢¢e$5 ihrou8h the S¢hwls cenSIt bu15ar) Pfogramme and df %"¢lopin¥ links
ith Iht k)cal ¢ommLhnii>' b>. iKAh erbswing ih OUT facililics are 4Iailabl¢ f(Y Use and Jlso b), en8aging in outreaLh
pfv)grarnmes lo supp)rt I?1 -%ls. local ¢hildr¢t) and ihe elderl).
Prior io lh¢ COI'ID-19 the SclKx)1s faciliiies were Midel) used b). lh¢ kal cornmunit!.. L¥aniple5 IlUded the
Bron15gro%"¢ SL'knI SlM and Tennis Academies. 14hi¢h continued lknurish pwiidiTh8 si%imminB and i¢nnis It550115 fgr
940 >'oung ¢hildren in ihe IoLal communii).. In addiiion, Ihe sp)ns faciliiies ai th¢ S¢nior SclKKTrI and Il'inierfold 5iies
iiere bein8 ug¢d b). local rtball. hock¢}, knnis. neiball and badmini¥)n ieam5. The kh)1 was %tr) pleosed to ho the
aiional Indoor Horkt) l.inals again this )car. I'nforninatel).. lie M"tie uttable io either Il'orit51ffshire Sch1
Garnes or ih¢ Cricket Frsli%als du¢ io Iht pandemi¢ bui wt will hopefwll}' contiThur th¢m in the fulurc. The
pwl ivas a150 Used b)" a number of kal kIMlS for swimrnin8 les50Trs each e¢k ai IK) Charge.
The Goi'emots are also ierj ple&d ihai the kKal commwio. ar¢ benefitting from lh¢ use of the Ans f¥ilItie An
irKreascd nuinber of IcKal choirs, orkhesirns and dae group5 had y8rted Io use fatilillts pmr to the IIKkdoiim bul
unfonunaiel>'. man) of iheii planned concert5 al perfomancts had to be iatK¢lltJ. In addilron. the SL'hLN)I was unable
lo hosi ih¢ PTeslisLOLIS Brvmsgro%"¢ Inlernalional Ilusi¥ Cornptiilion ihis }"ear.
l ith TegaTd tt) Communit). ouirea¢h. our p115 as w of Brom$8TO%'e Sen LLe engage in a large numbei of commutbit).
PToj¢cls. In Ihe lasi }¢ar, thtse ha%e irtcluded arranging lea parfies for the kKal comunil). arranging carol 5¢Th 1¢¢$ in
Ial care homes and ¢oll¢¥ling >S for the Birmingham Iligsion. Lok'al children from ihc Brumswo%'¢ Xorth and Souih
Senior khcA)Is alxi paniiipe in acii%'iiie5 ai ihc Senior Scknl including the CCF.
In the )'tar, Ihe kh1 has 8150 providcd fin&111 supp)n trIC5 wojectsoutsideof thc Sehool in ihe local con¥t).
These includt a rovknbulion 10 8 ftasibilil>" stud). for a ne%% gmuThd sourcc heal ¢xchange "tr plAnl. impFo%ements
lo an adj&¢
BRO.IISGROI'E S("IIOOL REPORT OF THE GOI'F.RI%ORS (continued) CI.'RRENT I-E.4R PERFOtLIIANC.F. RF.%'IEII" {C•ntlnued) The ransc of actil'iiies on otyer lo pupils ai Bn)msgros'e Senior. Prtp and Il"Illlerfold sch1$ is ¢8ien5i%c. In ihe S¢llior Sch(K>l. in addiiion 10 all %Iu5ic and Swn A¢ii¥ilies therc are 110 oiher ailii ilits on offtr. In Ifarch. the ne Foi¢s1 Scknl area ai l4'intCTfold ilas officiall) opencd. For rnan>' SI¢1$, Ihese &iivities conlined al home durin¥ ihe Stknl <105ure. with pllpi15 and 5tatT helping oul in lhcir loial cornmyDiii¢> And kerpin8 acii%'e. Friim niak'ing Sirub5 and kil bags for niedital Pfof¢ssionals lo Ioluntterithg help di5tribui¢ ¢ssenlia15 to those most in need. Ihe Sch1 also manufa¥iured and assembled 1079 fact sthields foi Ial Ih)spitsls and medical fxil•lie5. Ourmu5ic and dram& n a particularstr¢ngth and tthtjo)cd the Prep S¢11"$ prtyJuLlton of A IlidsumrnerNi8h('s DT¢am and the S¢nior Sch1,5 PA¢tn of Grtai Expcclaiions. Dvriftg Ihe 2019.20 academi¢ }e4r. Ihe Senior and Prep choir5 toured Saltburg_ Particular highlight5 tre the Prep Chamber C1]r pcrforming at the Ro)al Albert Hall ai a ftmdraising ¢en1 for the Barnardo's ¢harit)" alld the Ork1-f¢o%¥nclJ pianisl. Iwa Kanneh-,%la%>n %isÉiing the S¢kK)I lIh iht En¥li5h S}mphon>' (hL'hestra. gii'ittg a piarH) ma5tertTJ55 10 some of our Sd¢I5. A final highlighi 45 Ihe BIB Band achi¢%'ing Gold and a pla¥e in ihe Nional Finals ai ihe N'kiioTha] Concert Band Festii"al. During Ihe Sumrncr Terni. despiie mol'ing to online leaming. music iyas e%er Prese with online concerts taking place w¢ekl)" for pupi15 across ¥Jll four Schools. FINAINCI.4L REI'IEI%' AND RFSIILTS FOR THE )"EAR Finan¢iAI Perform*ACt The pandemic ine¥iiabl> had a significant ad¥etse tmpaci OA the fivancial perfomiance of the SCI7 in Ihis 4c4demi¥
¢w. .1 he Schwl arhiei'td nel in¥YJme before ini'tsiment losses of £1 ?20k whiLh is E2.805k lomtr Ihan ih¢ priow Jcar. This perforniancc is also £2,379k. I0¢r Ihan IIK School s lai¢si financial forecast prtp¥ed prior lo the pandtmi¢. In th¢)¢ar. ncl fcts rtdLK¢d from £34.724k k) É3? 0071.. a Teduclion of£).717k.. Il'hilsi pupil numbers ha%"e remained high a¢ri)ss all four Sch1$, fc¢ inc0e has redu¢¢d du¢ io thc fee remisstons amgjdtd in ihc s¥nimer tern in resrrt)nse ihc pandernie. Thi5 is a reduction in net f¢¢$ of £3.90?k hen Comped the SchLW)I s pre COI'ID-19 finAn¢kal forttasl for Ihe >'ear. Sch[ SpOnded Th'¢ry' quikkly •t the slart OC the pal¢M)e. totknJllinE all aspects of Sthwl e.¥p¢ndiluvr and itwnediatel). 5eekiTh8 ¢QSi etliiiriicics. .411 dis¥i¢itonar) and rMNL-tsseniial elpeIllUre in thc period April to
e¥ £)89k). Broms¥roTre Sclwl Foundaiion ¥tntraied nei income befi)re initsbn¢ni k)ssesof £165k. during ¢he >carended 31 Augysl 20(2019.. £44ki. This lpro1.ed p¢rfomiafiie 1%35 dut io the FouNlaiiott r¢iei%in¥ legary thnlon$ in the >¢ar. The nds rais¢d iiill contribute io bursary aMard5 to pupils of Brt)msgro%c Schth)I In the fre. The s¢lM)ol"s inie51ments Meie adl"ee1) impx1 b) Iht p3Thdeffti¢ •s Si&. mark'ds througlM)Lrt ihe uorld fell. The shIs invesiments fell in the period b} £464k. a 7_4• o rcductTron. In ord¢r ihai ihe (Joltnr5 could proieci Ihe SCI1.5 i%ork'ing c•piial p)siiion following the decision r¢du¥¢ f¢¢s in thc suinm¢f i¢rTh. Ihe CJoi'eTlloTs s¢cur¢d fundine (Toni l.h)!ds Bank lia ihe CBIL scheme. Due lo ihe projtLttd rcduclion in Ihe ncl rash infloi% in the )¢ar. a sccured loan of £S.Om arranotd. Il"hilsi ai the iinie under Iheir base4ase fL7reiasi. Ihe Goierrwrs aniiLipaicd £3.Om being adequa1¢ coi.cr for rhe PTojdx¢d I car. a further £!.Oni i¥as Irrlied as addiiional ¢ontingtrK! for ihe medium irrm and coi.er addiiiiinal PTt9sure5 on %NorK'ing capilal th471 mighi lrI$¢ from IIK more s¢iere doiimside modelling thii the Goltrnors had ¢onsidcrcd.
BROIISGROI'E SCHOOL
RF.PORT OF TIIE GOI"ERIlORS {ContirÈued)
The nti cash Inflo from operaiions during ihe )'¢ar £1.344k comp £.S.5$8k' in lh¢ prior )ear. This
teduilion thc )"ear is due moiTrl)' io ihe impaii of the redwlion in nei Income in lh¢ )ear l£?.80iki and a reduLliorb iii
Part¢S pa) ing ftes in ad%#ncc for the !O?O Iliihaelmas iemi {f1.71 Sk). As ihi5 Sciond impaLi is a timing dilT¢ren¢¢
iiieen ihe monihs of .4ugu5t and S¢pt
BROIISGROI"E SCHOOL RLPORT OF THE GOI'ERNI ORS IC"othlinitd) Thr GL)NeM0 nv)niior ihe Sihwl's liquid a55e15. the cJshlloM fi)reca51s and Itiels of exmo1 finan¢ing on a iernil> basi5 91 the Finance Commilt¢e. The current 5trdte8} is further intrease tht liquid assets O%LY ihe med>uni iemi due io ihe un¢¢rtainl)' deiailed in Risk Ilaoagemert seeiion of thik rerrtxl. Assrf Coi'er for funds l%olc 12 of ihe fiTh8rKial atements xts out •llAI)"sisof the S¢htyA'$ &sse15 attributsble io the trarious fthnds. These asseis are sufficient to mect Ihe Sr101-s obli1105 on a fund b)" fimd b•si> Fundr#Ss%Dg Pollt). The S¢knl does not undertake fimIllI518 fow the fin&King of ¢4piial inve5tThent. All pJe¢l$ lihin the 1X)I we funded from Scknl Tesoutc¢s wiilt emernal bank financing a5 al Mben necessary. The Foundoiion's obj¢¥li¥f 15 to rdise fund5 Ullinle1) ettablt the Sclmxl pro¥'ide places 811 deser%ing pupils on a neds blind b0515_ This is a long itm 8mbiiton has a fo¢us on friend raising rather ihan targeitd fvndrai5ing. li 15 inicrtded thal 8entle appeals are made io all those iiih a conneLiion io Bnimsgfoi'e khtx)l 1¢.. alumni and parents through a fvndraistn¥ pro¥rdnime of eniX)uraging niajof sifi& regular 8i%in8 Icga¢ies. This is supponed b) a progtamtnc of )n-fundr8i5iDg events designed to encourdsc iniert51 and in%'oli¢m¢ni w'ilh ihe Scknl. Extcrn41 fundraising compani¢5 are used and Ihe FounJaiion d(K5 IK>t &riYel}" fi)ndrni5C throu¥h w8¢i¢d ap15 or Itleph(brK Campaigns. The Schwl has rrf¢i%¢d rKTr mPlaInts relatcd kn fiuxlr4151ng in the >'e¥. RISK %IANAGE)IENT The Go%'crnin¥ Bod) iolIs a fomul I¢%.1¢ ¢a¢h ierm of thc SclxK>I'5 Risk Regisi¢r. Th¢ sch11 5 F.itculive idcnlif1¢5 Ihe major risk.sto iihich thc SchLKII and its r¢lai¢d oiganisaiions are exw>5ed. The SchtM)l Exc¢1%"C and ihe Sub Conimittee C.hairni¢n r¢%'i¢i% ih¢s¢ risks on a rolling basis. llltigatn c4)nift)I pnxedures ¥Je put in place as Thecessar>. This pThxedur¢ ond th¢ Risk Register 15 rel'leii b) the Risk" S¢rateg> cOnli[¢< eaih ¢em) and i¢¥ornni¢ndations arc made to Boatd regarding tonfurnation thal 5>Slems ¥¢ ift pla¢¢ io proi'ide reasonable sUrnc¢ Ihai major risk's are bcing adeqwaiel)" nTranaBed. The [)51 sigllificanl risk. for Ihe Sch1 in 20.W2021 is the impaci of ihe pandemic. sIfiCally. there ar¢ IMO ¢¥l¢gorie5 of wi5k=. I he htalih of ihe Srhool forn1-. The S¢71 is Siriiil) adhering lo all Goi"¢mmeni guidanLe and his neiv lilies, pr£dre5 and rh5k" as5e5swn1s in place keep the 5L'IMX)I conlmuiiil) safe. These kna%e all becn reviced bj ihe Goi'eTN)ts an(F tht SclMx)I kttps ihe ernIng W)" infornitd of all deielopnienls. I"he S¥hth)I is wtll prep¥<d for ihe risks of lIOnaI l(Kkdo%¥ns, l(xal IoL'kdowns and ¢hildr¢n and siatTneeding bc ab5Lnt from S¢knl due io illnt55 or self-iwlaiitin. I he nvrsing and pasioTal 5UPWrt of ihc SL-IKwl has be¢n yrengthenLTrd and Ihe ac4d¢mii siatT are fvll) prepared 10 be able io PTOi'id¢ high qualit). on linc tcarhiog. Hoib¢%er. Ihe G)sernors and l.'¥e4111i%"e are %¢ry aware of ihe healih and cdu¥atioTral tisks of this parwjemic upon our pupils and ill coniinue to nitOr thr situation %"¢ry c105¢1)'. The fin•nf i•1 he•lth of ihe sChL The k¢)" risk. w the Scknl is a reduciion in ihe pupil roll rtsulitng in a reduclion in the Srhool s fee irtcome and consequenltal prtsgurts on cash floi%s. The largcsi coniem is i%iih regard to ihe int¢rnAiional i¥Mrding Communit! as an! kn.kth)nsor Irai'cl resiriLliotts could ha%e a 5eveTt inipacl on ihe lardIng conununiii's abilii) 10 Ira%¢1 10 ihe I"K. Il"e ha%'e a nutnbcr of miliuaiiL)n sirai¢gies in place intludifig k¢epin8 our knarding knses open in Ihc knlida! peTiLNls and oft¢rin8 a coniinucd fitsi class educaiion ihFou¥h our on lille plaiform. As de11¢4 in Ihe FiTrancial Rfi"ici%, addi¢ioDal Morking cApiial fundiThg ha5 been arran?ed 14iih Ihe Bank 10 co%rr *J¢quat¢ lim¢ permxl allo. IIK Sclky)I to lak.e the neie55an steps 10 f¢silliiiure and achieNe eNpenditure 5a%'Jngs if li becomes likel) Ihat The SchMI's fee income ii'ill reduce.
BROIISGROI'E S('IIOOI.
REPORT OF TIIE GOI"ERNORS (Coni•Mu¢d)
FliTLIRF. PLAINS
Thc Go%eTnors wgeiher with thr S¢lwl E¥eculi%'e we comrniiicd trIng I1 ihe Scknl coniiny¢s lo proiide a firsl
los$ ¢Juialiov to all of ils pupils. Illl siratt¥li deielopmenis are cornrnilled io mainiaining the S¢hLM)I s wsilK)n in Ihc
¢omp¢iili&e n1"t} that it operates. Ihe ¥hit%"ement L)f high siandaTds ofacadcmic i¢sulis and thc d¢%¢lopmenl of ihe
School's lacililies ar¢ imperati¥e 10 lh¢ S¢hiN)I's continued SiK¥¢S5 IR ihe long Icm.
Ho¢5¢r, Ihe G.e[S Ad F.¥¢cyii)"e hai'e ¢k£id¢d ihal •17Aould b¢ ittapwpri 10 initiaie neiv projt4iS or rel'ie$ thi$
a%ademic )¢ar. The CO%'It>19 r¢51riCtions aTe putting additional pr¢sswes on io all of ihe Sc1Kl conimunil) and ih¢
focus ihis }"car Mill b¢ maintsining high swidafds of acadernic aLhiti¢ni¢ni and e¥cellenl pasiiiral suprt.
In addiiion. the Scknl ill conlinue to ¢losel>' moniior the School s financial healih. nKbdelling ¢ashnow and undertak.ithg
s¢tnario plonning. The SchLK)I will inliiate an> si8nificani capi¢a] c111re pje$ wiiilthert is more ¢ertaini}".
Onke ihere is rnore clarity aknui ihe long ttm impa¥1 of ihe paTKlemi¢ on the S¢Fthl. th¢ CA)ernOr$ and ihe Exe¢ulii'e iyill
revie Ihe SclKX)I's trtE1C Plan And new" siratt81 objeciive
SI'RI'CTI.'RE. GOI"EILNA%C"E II.LN.4GEIIL%T
Coi'ernhng Il•¢umtnl
The Charily IS 8overnrd b). its Nl¢EwTaruM and Anicks of A&sln ari5iTh8 fA)m inwTP)raiion in 2003, •s amended
on 4 (kber 2Q 1.5.
Co%ernors ind profe5sioMI d)isers
A lisi of¢K>errs tt[ prof¢ssional adi'i5crs appr4rs on page5 1 artd 2 olthis rewi.
Recruilmtni nd TY¥lnln% of Go4"ernors
The Ch2ri¢)'-s Go%ernoTS are aprK)inted at a mccling of ih¢ floard of G"¢MOr3. folloiiing a 5eleelion process and
reiommendalivn lTh)m lh¢ Nominaiions Comfflinee. The Goierning iK)d} requiics breadih and depth ofexperitnLe io carry.
Oul ils duii¢s effecii%'tl)'. Il'htn r¢¢ruiiing n¢1% Golen5. Ihe Nominalwns Conthiitteetak'es iThloeonsider41ion ¢li8ibilio'.
pcr50nal Compele¢. sla715t skills and ILKal aiailabilitj.
ew Go%'ertMN5 u¢ indukted ifftto The i10.1¥S of the Scknl. incI11n$ the pn)%ision of ke) infornvlion coiering Board
tKplii>. Schwl eih05. Strait.y and finan¥ial infoThalion. .411 G)%'errK)rs arc ¢n¢kiwaged lo allcnd iraining Lour5t5 and
orkslknps org0n&5c%I b) specialist schwl orgaFhisaiK)n%. ..111 Goiemors 8i%e of thcir time frtel) and remuneration
paid in the jear. No Go%ernLY or pe ¢onnc(tcd ii'iih a Go%"¢Tnorrthcii'¢d berKfii from eiiher means iesied lTrursaries
or sLholatships aivarded io our pupils.
Or%8nislion81 Il#•gtm¢nl
The Board ofG)%'
BROIISGROI'E SC'HOOL
REPORT OF THE GOI'ER%I ORS (ConliTritd)
SI'R('C'TI'.RE. GO%'ER%.4NCE AD.11.INAGEIllE%T (tonlinv¢dl
The Tk in ¢h¢cking ihc 5trdiegy poli&ies art bein8 corredl) carried oui is rrforn)ed b). Ihe barious ¢ommittees of
Cth'ernors 8$ seiout bekn":
Fithance and Prop¢rtJ" Cornmille¢
hi¢h dra15 Aiih fifflancial li¢) and review of bud8ets and financial
siaitmenls prior appr0%71 bi. lh¢ Bo4rd
Educalion ComniiNtt- Mhich dca15 lllth ¢duc4iK)nal and welaled owional iSSLS and brijbgs rrfommendattons
and Th¥erns lIh regard k> such matteES 10 the Board
Buildings Committtt - which ¢onsidN5 and TTrI10rS major Tr11d refurbishmeni projtc15 Miihin ihe SCI]
In%'estm¢nt Commiii¢¢
hich Tt(eiN¢s i¢nnl) updcs on in¥¢4meN and perforThance from ihe Iniesimtthl
Advisers niatter5 lo the Boanl together hiih w). pro11$ 8dIng rhanges i thc inveumeni
li¢>. sei b). Ihe Board
Goi"emance CommirtLY- Mhith Conside N)ssible capabilil)" gaps 1th regard &) the wmposii¥)n of the Board
and makc5 recomm¢ndions re8ardin¥ pbtenlial Bo¥d m¢N5bcr5
Hcalth &. Safety Committte- thi5 ensUS Iha( th¢re arc adequale w)li¥ies Ind PmCfdur¢s in plac¢ ensurt the
health and saf¢i)' of all pupils aNJ staff and io that the Schwl wmplic5 7¢h all legis191i%e chansc5.
Risk and Strateg) Conijnittee
%hieh •5StSSes ¢he manog¢menl of all risk's encouniertd b). the SclKM)l and
mainlain5 an oi'¢rsi¥hi olthe implemeniaiion of the agrttd 5tr4t¢gic aims on ih¢ bchalf of the fvll Fjoard.
S?f¢guardin8 and Il'¢ifu¢ C(rfnmittee- thhi¢b 855e55es ih¢ man•g¢m¢nl of all Safegrding PasrnI coniToIs
iihin Ihc sch1.
Each commilt¢¢ Trom11). meets before ihe m•in Board m¢eiings. The mtmbership of the cornrnille¢s i5 suNTrleJMeTrted by"
seniorslaff ai the and b)" ¢oied external apw)inim¢n¢s.
Th¢ da}..ldaY running ofthe Sch1 is dtkgated to the SclKxyl Exc111¢. The SclKx)l LAt¥lJli%'e (key rnanasemeni)
priscs of ihe Headni&sier )ees a Tegul
BROIISCIROI'E SCHOOL REPORT OF THL GOI'LR%ORS (Coiii•Aued) s"r.4TF%IEliTOF GOI'ER.NORS' RESPOISIBILITIES The CJo%'cTMTrrs lho 8re alsoihe Inte¢S and 4JirecttYs (>f tht Ch¥Lble c%)mpan> l are rewnsible for pr¢p¥ing the Repon ofihe GoierTh)rs. including Ihe Strdie¥ic Rep)rL and Ihe financial siaiemenis in accordanLC 1th appliKabl¢ 1aM and l'nited kingdom Ac¢o¥niing Siandards iLniied Kin8dom GcAer811) A¢¢eoed vling Prxitce). ConipJn!' lai4 r¢4uir¢s the Cth¢rnofs io pr¢part finaKial 5taTemcn15 foirach finan¥ial )ear i%'hiih gile atnK and lair I'iew" of the si4¢ of affairs of ihe charitable compan) and ih¢ group and of the iKomillg r¢50ur¢e$ and application 0[r0e5. includin¥ ih¢ income and expenditure. of ¢he charitable ¢ompan>' and 8A)up for ihai peri. In preparing ihese finaneial ststements the CH)%en[S required io: sclekl siiiiable ac¢ountlFI8 wlicies and Ihcn appl) th¢m KNsis1¢nI1j': - ob5eTh'e Ihc nicihods and Prin¥ipl¢s in ihe charlie5 SORP-. - mak¢judgmenls and acrounling C111¢$ thai 8r¢ reawnable and . 51aie Mheiher appliiable ilccounling Stsnrf¥ts hai"e been lolloued. subjea maierial depariurts diselosed ond tNplained tn ihe finanLial 5uiements: - prepart ihe financial siemeThts on the 8OillB concern basis unless li is iDappropri kn prcsurne ihAI the chariiable cornpan) Hill Lonlinue in bu51n¢ss. I he Goi'ernors arc resFrf)nsible for k'eeping prop¢r ac¢ountinB rtcord5 thai diwlose reanable accura¢>' at an)" lime of lh¢ finanLial w5iiion of ihe chJrilable rornpan%" and tThable ihem io ensure ihai ihe fin8ncial siaicments eompl). lIh ihe Compatbits Arl ?006. The> are also re4x)nsible fof safeguardLng ihe assd5 of the chariiabk company and Ihe group and hencc for iak.ing reasonable steps for the prei'enlmm and d¢ie¥iion of fraud and oiher irre¥ularities. So far as cach ofihe Go¢rNS is owar¢ ai th¢ tinie ihe wepjrt is &pww'ed.. Th¢r¢ is Th) r¢l¢%ani audii information of iihirh the chariiabl¢ compii n},5 audito are Vaart- athd The Govcrnors haie iak'en all si¢ps Ihai ihe). ought to hal'c io mok¢ ih¢ms¢l1' aware of rclc%'ani audii information and establish that ihe audi10 8r¢ aiiare ofthat inforJnalioo_ .4I'DITORS Ha)smaiinlyTe LLP hai'e ¢¥pMsed Iheir iwillingnt55 10 COAlimK in offK¢ a5 •yditor5 and a ie501ulion prowsing iheir Te- appointment Mill be subrniiied ai ih¢.4nnual General Ileeling. In aPPTo%ins ihe Rep)rl ofihe Goi"ernor5. tht Board 8T¢ ¥41w 8pproiin8 ts StraieBi¢ Rert coNained htrtin in their capaiit)" as cutnpan} dir¢¥)rs. Approl'ed b). Ihe Board ofGoi"enM)fs ofBroms¥nNe SclKx)l on ?1 * X'ovtrnber ?020 and Si11¢d on its behallb)" PJ C.haiman
IINDEPENDEINT.4I'DITORS' RLPORT'fo THE IIEIIBERSOF BROIISGROI'F. SCHOOL
OplnloD
Il'e ha%'e kudiied the fInaal staierneDts ofBn)msgro%'e Srlwl kn the )eaT ended 31 20ty h]Ch comprise thc
Coy501id2i¢d Sthiemtn( of Fitwjcial .4ciibities. the Gn)w) and Balance Skds. Ihe ConwlidAi¢d Cash Floiv
S¢aiem¢nt and the leS the financial sthiemenis. ill¥luding a summar) of si¥nifiL8nl acLM)uniing tx)lities_ The finan¥ial
Teportln8 framei%ork. Ihai has b¢¢n applied in their prtparaiion is appliLabl¢ la and Llniied Kingdorn Aciounling
Siandards, in¢luding Finantial RCnIng Stsndard 10? Ihe I.11%.1)I appltLuble I1 I"A
R¢publi¢ oflTeland ILnit¢d kingdom Generall) .4¥Y¢pi¢d A¢¢ouMing PFattirel.
ITr ouropiDion. the fittancial ststemcnts:
8i%'e a lrne and fair view ofihe sthie of ihe ¥Tp,5 and of tht Paretsi chariiabk Company's alTairs as at 31 August
2020 and ofthe 8roup's nel movement in fund% in¢luding ihe income and exndlIre. for the >'tar then ended:
been pn)p¢rly prepattd in accoAlanie with L"niled kingdom Generall%" Ac¢¢w¢d A¢couniit)g PlI¢¢- And
have been wartd in accordanct M'bih the requif¢meNS of the Companies Aci 2006.
Basls for opinlon
M'e conduiied our audit in xcordance wilh Internalton81 Siandards on .4uditing (LKI {IS.4s IITk)13nd applicable Ta.
Our responsibililres under tkn5estsndards are fther drs¢ribrd in the.4uditlY'5 respiThsibililies (lhe 8udilof1 financial
stsi¢nienis se¥iiort ofoltr r¢w>rt. -e are inde[¢¢ of Ihe group in ¢ordance i%iih ihe eihical re4ts1m¢nts ihat aTe
rtltsant ioour audit of ihe fina1•1 stsiemenis in the LIK, iA¢luding ihe FKC'S Eihicat Sthndard. and i%e hase fulfilled our
oiher ¢ihi¥al r¢5ponsibililies in ac<ordat w'iih Ihese r¢quir¢ments. I4-e beliei'e ihai the audil e%idcnce ibe have obtained
is sutTJcieni and appropriate to prob'td¢ a basis for opinion.
Respon$ibililies of GoTrernors tor Ib¢ flo¥vcial s14teuKnls
As eiplained mM)re full). in the Go¢mors' reS51b1]i11eS slatemeftt 5ttoMlon page I3. &J¥crnows (hare the tfU51ee5
of the charitabl¢ company for tht pUlSe& of chariij" la. and the dire
I.%'DEPENDENT AUDITORS, REPORT TO TIIE hlEI%lBF.RS OF BROIISGROVE SCHOOL(conilnued) Oth¢r Informailon Thc fjo%'ernoTS ar¢ responsible for the othef infonnalion. lThe other informalion compri5¢s the infom)ation in¢luded in ihe Report of th¢ Go%ernors. Our opinion < the finantial siaienienrs doe5 nol co%"er ihe other inforni81ion and. except to the eltcni otheni'ise elpliciily slaied irt our repon. e do express any forrn of assuranc¢ ron¢lusion ih¢ieon. In connection '1th our audit of the financial sl8iemenis, our resp)nsibiliiy is lo read ihe thher infom)aiion and. in doin8 so. consider ii,heiher the other infomiaiion is rnaieriall>' incon515tcnl 1Th ihe financial siatem¢n15 or our knowledge obiained in the audii or othenvise aparS io be maierially missiaied. If identify" such niaterial inconsistencies or appaT¢nt malerbal missiaiemenis. are required io determine ethe{ Ih¢r¢ 15 a maierial misstaiemeni in ihe fthancial slal¢ment5 or a material missiaiemeni ofthe her infornialion. If. based on ih¢ M"ork M"e ha%.¢ rfOrniCd. Me c4)Jiclude that there is a material misstsiemeni octhis oiher Inform10. H'e are Tequir¢d io rert thai Cacl. W¢ have rH)ihing io repon in this r¢8ard. Oplnlons OR Other mgtters pr¢5erlbed by iht Companles Aet 21)06 In our opinton, based on Ihe orK undertak-en in ihe course of ihe audi1= th¢ information gien in th¢ Report of the Go%¢rnors (iihich incorp)raies ihe strai¢gic Ir1 and dITl015 repon pr¢pared for the purpos¢ of compan). la%%) for the financial J'¢w for b,hich ihe fiwTrancial siatenieDts ar¢ PTepared is COnSlSt¢DI wilh the financial siatemenis- and the siraiegrc r¢port and direclori. f¢[K included irt the Repm of ihe G0wenTs) has bttn Prepar in accordance iih applicable legal requir¢m¢nts. Ilallers on w'hich M¢ 8re requlred to report bi" esreptloth ITr Iht lighi of ihe kDow"It¢Jgi and uDd¢rslanding of ihe group and th¢ parem charitsble ¢tsmpan} ils environmenl OblainL in Ihe rours¢ of ihe audir. H"¢ haw¢ ideniified material missthiemenis in ihe Report of ihe Governor5 (w"hich iR¢orpordi¢S ih¢ stral¢gic rep)n aThJ ihe diieclOTS' rep)rt). '¢ ha¥e hIng lo report in r¢specl of ihe follow'iD£ mters in rekni(XL io Which the Cornpanies Aci 2(lJ6 requires us to r¢pori IO )'ou if. in our Lwinion= adequgte accounting record5 ha¢ not ert kept b). the parent rhariiable company or the parent chariiable rffiipan) fu)arKial 5taiemeni$ 8r¢ in agreemeni 1th ihe accounting records and relurns: or cerlain dbselosures of Goi¢rnors' remUrln Specified b). la4. are noi mad¢- or e noi recei%'ed all the inforniaiion a1 txplanaiions "¢ wequire Cor our audit. U% of our reporl This rfport is mad¢ solely io ihe eharitable Compan,% members. as J Iy. in accorduJKe lIh Chapi¢¢ 3 of Pan 16 ofih¢ Companies Act ?006. audit Mork has been uftdertakell so lhat we mighi slat¢ to ihe charilable compan}"'s munibers those matters M¢ are required to stale io ihem in an Audiior's r¢p)rl and for noother pUryNe. To ih¢ fullest exteni r&nniiied b). la. ii'edo not accepi or assume responsibilil). 10 an>oneoiherihan ihe chariiable CQTnpan)' and th¢ chariiable company's m¢mbers as a ld).. for our audit Work. for ihis re[. or for Ihe opiTricffis w.e haTre f(ed. Trwee) Yo¥Ng {Sen5or Statuiorj" Audilor) for and on behalf of Ha)'smatlnt! re LLP. Situtot)' Audilor lo Queen Street Plaet EC4R 4AG 24 November . 2020 16
BRO,%ISGROVE SCHOOL CONSOLIDATED STATENIENT OF FIJYANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020 Iwcome •Nd EApt•diture Atcounl GeatrAI F•d Rtstriettd Fuffjdi Totsl 1019 Funds 2010 Noi Ih¢ome nd EndownJ¢nts from: Ch4rltsblt eciii'iD': F¢¢s Proryi paym¢nl allomx BunaTi¢S 5cholarihips and gTants 35.506.857 1942,511 s5.5(.#51 1942.5111 38.S55.663 l9j1.3) 12.557,IN)21 12.557.IMI21 2.880,683) Nrt f¢¢5 rcceiiabl¢ (hh¢r income GrnnlJ oftddortaKoni DonatioNs CJRS Grant intome 32.(Y)7.344 576.&?6 31.?,544 52&626 34.723.SW 548.307 170,826 l.N5.838 170.826 .lJ15.838 48.1x12 321,424 353.748 358.241 208.444 321.424 353,748 358.241 20&444 hool shop Oiher l.(A)3.1( 591.650 61&992 20&591 er Inclpme Gain on di¥M>53] orrixed we¢$ 750 750 1.719 Total Jic•m¢ •wd EndomtAIs 34,¥J3.241 34.993.241 38.371.965 Exptndiiur¢ M: T¢aihin8 CO4$ itifar¢ c05t5 Premises Costs Supwrt oThJ go%frnancecoAs 18a80.838 3.391.365 6.928.14)5 2.NO.610 18280,838 3.391.365 928.$ 2.840.640 17.126.273 4,N5,870 7,343.825 2,679.121 1331.924 1331.924 3,151.544 Total ExptDdltyre 33.773.372 33.773,372 34.346.635 el Intome befofft Ini'tS¢ThtDt •aiDs 1.219.869 1.219.569 4.025.330 1461.2281 {40.2801 IJ04.51181 63.496 moi"tmtnt In lynd5 755.611 140.2KI 715,361 4.088.826 Fund b¥l•nce5 br•w8hi forard (A)ffjJQ718 10.231 41.2$5 61.121.254 37.032.428 Fund balintes tarrkd forYard £61.4)6.359 f10.251 £420.(M)5 £61.83&615 61.121254 All of the rharithble company"s a¢tivili¢s are coniinuin& All Tecognised gain5 al losses grt iT*luded in the Stsiemcni of Financiol Aciiviiies. The accompanying notrs Comi of these financlal Ya¢emenis. 17
BROIISGROI'E SCHOOL Registered C"ornpni' N'o: 4808121 GROI'P BAL.&NI CE SHEET AS.4TJI AI G(:ST 2020 202• 2019 FIIF.D ASSETS Tangible Ini'esiments 61.830.29? S.698._16£ 67.341.450 6.?38.042 74.518.6$7 73.579.492 CI"RREYT ASSETS SILKks tkbioTS Cash at bank and in hattd 489.964 .479.017 6.180.)9 %66.314 1.4.19,073 4,034.718 8.149,8 Ao40,1 ? C"REDI'IORS.. .4Thkiun15 falling d¢ %iihin on¢ ¥ear 19.711.341 110.94? 147 'ITC'IIRRF.NT LI.BILITIES 11.361.434> 14.91 ?,0221 TOT.4L ASSETS LESS C"I"RRK.YT 1.1.4BII,ITIES 73.167.223 68.667.470 I'RF.DITORS." Aywunts fallinB due aft¢1 mort tha e )"t¥ 111.-130.61)81 17.146.216 L"ET A&SETS £61.836.61 S £01.121,254 L'ndomment I'rtrc51riii¢d Resirirled 4*0,IM)4 61,406.:149 10.?51 460.285 60.680.718 10.251 10 f6l.836ffj1S £61.1?l ?)4 The finan¢ial 51aiemcn15 wer¢ appn)&"ed gnd allknbd lor issu¢ b)" Ihe Board of Go%ertKKs on ! l N'olember )0?4) aThd %¢re si¥ned b¢loi% (bn its behalf b}- P 11-e%i i &)i¢rnor5 D l¥'Ali¢rs The acLompan%intt noies ft)nn part of ihcse fiftanlial ststemenls. 18
BRO)ISGROI"E SCHOOI. ReEislered Comp•n)' No: 48121 CH.4RITI' B.&LINCE SHEET AS AT 31 AiIGiisf 2020 2•20 2019 FI.X£D ASSETS 'I'ansibl¢ Irhi"estTnents 68.81 S.671 4.703.9( 67,.122.347 5.153,991 73.519,577 72,476,338 CL'RRENT ASSE75 SiLKks Dcbiors C85h ai bAnk and in 25.065 2.146,0!3 5.906.8?5 20.855 1.9$8.622 8.077,913 j.66? 316 C'RLDITORS: Anmwllts fallin8 Iviihin one )"ear {9.649,150) {10.868.7161 NET CI-RREPIT LI.IBILITIES 11,571.237) (5,206.400) TOTAL ASSETS LESS CIIRREINT LI,IBILITIES 71.948.340 67,269.938 CREDITORS: Alnts falling d afler rn0 than one year {11.330.608) {7.546.2161 NE'f ASSETS £60.617.712 £59.723.722 Endoib7ntni L'nres¢ri¥ied 4?0.1¥I5 60.197.7!7 460.285 59.263.417 £00.617.732 £59.723.722 The ScFthl in¥ximt for the )ear f34.4m INI19.. £37.2rn1 iiiih a surplus of £0.9m l?019= £4.1)ml. Th¢ ffinancial stai¢menis i¥er¢ approNed and authorised for isswe b> ihe BoaTd of Goi"trnors 0th 21 NOeMber 1010 and "ere 518n¢d b¢lo%N on its behalf b}.. P Il'e51 D Il'aliers The accornpan) ing notes fwm part of Ihese financial siaiem¢N 19
BRO.IISGROI"E HOOL
CONSOLID.4TLD C'.4SII FI.011 ST.4TEIIE%T
FOR THE I'EAR ENDED 31_4I'GI.'ST 2020
202•
2•19
pt tI5h pro%hled bi. optrnllng tti%"ities
.144.339
,S$7.879
Iniesim¢iii income reitii'ed
PuTch&5¢ of filed assels
Disp05Jl of fixed 8Ssds
Purchw of in%'csttnents
Sale orin¢s(men1$
•08.444
13.1 $2.260
13,975.0891
?0.043
17i6.£911
721 ?74
125?.641
34) 761
-let ¢4sh ouillow frorn inie5ting acliiitlts
1? 8.6971
{J.713.754)
F"in•nring 4¢tii iiits
L(Tran Tepa}ffj¢nts
-(n monies r¢¥¢ii¢d
CapiL81 element offtnance lease r¢n¢als
Inier¢51 COSI
I938.0
.000.o¢>o
1894,4771
128.0881
1166.5001
1118.686
3.901.104
11.089.l3$1
Incre in cash and ¢ash equiialents
2.404.746
684.990
Cash and cash equiialenls I September
4.108.654
.1.421.664
Cash and cash equiialenis 9131 .4u8usI
£6.$13.4(M)
£4.108.6q4
C-ash ind ¢A51k equlileot5 tomprlse:
Cash ai bank
Caih held ai pan of ini¢stmenis
6.380.909
.1!.491
4.034.738
73.916
£6.41 J.400
£4.108.654
RECOjC'II.1.4TION OF NET I%C-O.IIL 'I'O NLT
C.45H I%F"LOI%' I'KO.11 OPF.R.IIINC.4("rii'iTIES
21120
2019
Net inconie before in%"estmcnt gains
DcpT¢¥iAiion
Gain ort disSaI ol- li_xtd a55dS
tk¢re&
BRO)ISGROI"E SCHOOI. CONSOLID.4TED C.4SH FLOII. STATEIIENT (eoDilthutdl FOR THF. I'EAR £DED3] .4I'GI'.ST 2•20 AIN.11.I-SJS OFCII.4NGES IN )1 ET DEBT C•sh IIOFS Oiher .4¢ 31 .4ugu$i 2020 5pIember 2919 Cash c•5h equiialents Short lem tx)rroi%iTrgs Long ienn Ix>rn)yin85 4.108.6$4 1900,3151 (4.406.815) 174.3501 2.404.746 0.315 14.961.591) 22.112 6.513.400 11,3$4,168 (L014.2381 (512311 11,3.$4.1681 1.354.168 N'ei debt Q1.272.1261 1,634,418) £12.907.244) 21
BROIISGROI"E SCHOOL ST.4TFIIENT OF AC'C'OI'NTING POI.IC'IES FOR I'IIF. I'F.AR ENDED JI AI"GI'ST 2•20 B$ls of pr¢prtioo The financial siaiemenis hai'e been prepared in aLcOrd¢£ wilh the Finj[Ki Rep)ning StsrNlard applicable in the I'k and Republi¢ of lrtland IF RSIO)l. the Companies .4<1 ?IKJ6 and Ihe Stalttnenl of Reiomnjendtd Pra¢iice applicablc 10 charities prtparing theii 84¢ounis in aci(dance "1th ihe Financial Sthndard applLLable tn ihe L K and R¢publLi of IT¢land ii.'RS 1071 ISe¥onO Editiow etTeKti%e l Januar) 10191. The charii). has taken ad%ania8e of the eMptIon al'ailable to a quali6'iDg ¢nlit%' in FRS 10! ffom ih¢ requirement prcstnl a charii). onl} Cash Floi). Sialcmelli 1th Ihe wnsolidaMI fina17 $i¢M¢lS. H8¥ing %.1eed ihe funding laiilJliCS 2%ailabk to the togethcr wilh ihe a¥iu•I and expecitd on¥oing demand fcir plac¢s and ihe school-s fre projected Cash t705. and hai ing considered doY+Trside sctnKis in¥luding ihc impac¢ of a further i¢rnis closwc ofiht S(hthil. Ihe GoierrKKs haic a rcasvn8bl¢ eip¢ciaiion ihat thc Schwl bas adeguaTe re50UTkes lo conlinue ils &lii iii¢S ihrougknui the C'o%'id-19 ptiiod and forihe fore5ecabl¢ fuiUf¢ and considerihal Ire wtre no malerial unctrtainties o%¢r Ih¢ s£1Kl's financial %¥abilil>. .4¥coTdingl)". Ihe). also coniinut &) adopi iht going Ln(ern basis in preparing thc finan¥i•l stsi¢m¢nts. tinancial alements of ihe Group inLlude ihe rtsulis and b•13nces of ihe SL'hLK)I consolidaied on a linc b)" lin¢ b8>1> Yith Bromsgro%e SclMN)l En1tn$t5 Limii¢d and Brornsgro%'c SchLK)l F'oundaiion. In acfoTdanke iiiih s¢cln 408 ofthe Companies Ali 1006. no separait Sial¢mtni of Finala1 plcii%ilics 15 pies¢oi¢d for Brom5groi"e SclKM)I. The Sclxx)l 15 a Publi¥ Benefii rtgist¢resJ a5 * ¢h8rit! in ETh81&th1 and Il'ales and a conipani, limii¢d b). guaranlee. li Iwas in¢oEporaltd on I Srptcmb¢r_7Q03 (Lmpan) number= 48081211 and resisi¢red as achar1 Icharitj number: 10987401. Crltkal ccwntlDg Judgefflents #nd kt). soyr¢¢$ Df estimalitsn un¢trt•in¢>' In the appli¥aiioD of the aiiounlin¥ wlÉLi¢s. Goi¢rrnirs are rcquired io m8K'e judgenieL e51irnJtcs and assuniplions aknul the caniing %alu¢ of asseis and liabililics Ihai ar¢ M)1 r¢adil) apparcnl from other sources. The estiniates and uThderl>iii¥ aSSLinipiiiTrns arc basc4J on hisrori¢al eirItIKe and oth¢r faLiors (hai are considered io be rtleiani. .4¢iual re$ults ma). difttr from ih¢se e5tirnates The c51iniThies And Lthderli ing aSSUThPiions are reiiuled on #n ongoing basi5. ReNisions lo all1111118 e51imllit5 QTC reiognised in lh¢ p¢rithl kn hILh ihe tlma1¢ is T¢ii5ed if Iht roisK)n aff¢i1S onl% thai pcDc¥J. 01 In the period of ihe Tei'isiun and fulbJf¢ P¢fiods if ihe r'1st0 alycried cuwr¢ni gnd fuiure petKMJs. In the i.ie' of lh¢ GoleT5. fKI a55umwions wncerning the fvture or csiimaiM)n uncenaini!. affeciiny assci> or liabhlilies at the bilance she¢1 dale are lik"el)" to ies¥li in a material adjusinkeni iheir can>in¥ anK)Dnis in Ihe n¢it financial )car. Thc fo11014ing a¥¢ouniing lICit9 hale been applied cortSislenil} in dealing iiiih iiem5 which ar¢ ¢onsid¢red maierial in r¢laiion 10 ihe SL-hool's financial 5w¢m¢nis. Tr'ee5 and SI¥11#r ¢rntd incoTht Fee5 Tt(cii'ablc ¥harges for seTh ires and w of the prtmise& less an)" alloi%ances. Siholarship& bursaries 8ranlcd b) lh¢ Sch£71 agaipst ihose fees. bui including th)niribtsibons receiied from r¢siri¥i¢d fund% are xcounied for in ifve period i vhith ihe ser%ice is pro1.¢. InitSfm¢ni incornt Iniesinirnl tn¥Olll¢ Iri)m di%'idend5. bank" balaN¢s athd fi.led inlere5t securiiies is ac¢ouffled foron an accruals basis. Dooilion5. leeacifS. grttts atttl oiber iolunlan Income 'oluntarn inLiime li &iounl¢d Ii?r as 2nd iih¢n Iniiil¢m¢nl arises. the aThunl can be i¢li•bl! quoniified and thc economi benefil 10 ihe Sch1 is ionsi¢Jered p)babIe. Grani incornL from ihe CoTona%'iFUS Job Rd¢#iion Scheme hs rtcogrJi5ed in lh¢ same period as the related eniploi menl ¥OSl> in¥urred. 'olunian' in¢onie flir ihe Sch1.$ ¥eneral purtrf>5ei 15 accountea for a5 unrtslri¥ied and is Creditcd to ihe General R¢s¢n'¢. Il'hcrc Ihe dL)nor or an apptal has ijnwsed Teilri¥tions. ioluniar% iniorne is ciediied to the rcleiani resirici¢d fud. 22
BRO.IISGROI'E SC HOOL STATF.IIK%T OF ACCOli.YtING POLIC.IES lthnilnuedl FOR TEIL I'EAR EINDED 31 .4I'GI'ST 2•20 E_&ptnditure E.xpendiiure is ac¢nd as as a liabiliii" is probable. di$Ted io presenl ialue for lOnl-1¢mi liabiliies. Expenditure aiiributhble to nM)re than one cost rat¢goo' in the Siatsrneni of FIDancial ..lilii"iiies is apwnioned 10 Ihcm on lh¢ ba51$ of ¢51imaied amount aitributabl¢ io each a¢tii'il) in iht >t8r. tkihei b). t¢ftTeKe 10 51aff lim¢ or ibe usc made of lh¢ underl) ing asse, as appnryriat¢. In¢4oierable I'A T is Inclded 14.iih ihe iiefii oCeKpendiiure io Mhi¢b it rtlates. GoiernanL fOS¢s comwix iht costs of compl)in8 wilh Conslilutional and staiuiopj. r¢quir¢menis. Inlra-8TOUP sales and char¥es bem'een ihe Sch(1 and its subiidi¥rt¢s art tluded from trading iTr¥onit and e¥pcnditure. TNgibl¢ filed Isseis Dcprccialion 15 PlO%tded ai rares c41iul&ed 10 olYea¢h asset o¥er ils ttlimatsd life. Equipment 15 d¢pr¢4iaied at &nnual ra1¢5 iariing brICen IO•o and 33.34• on ¥XISI. o dewrfialion is Prold¢d on fr¢rhold land. tkpreiialion 15 proi ided on frccknld buildings ai ?•( per annuni. 51raight line, when Ihe building5 are broughi inio use. Thc 4nl¥cipatcd a%'eTa£e life of buildings 15 cslimaled b) ref¢r¢n¢¢ io I Septrmber 191)0 Id•e of cornmeerncnl of dep¢Sl0n pdic)'h QT dai¢ of npenditurc sinct th•t d•te. In%esimettfS Li51ed insestments r¢(ognised at mark'et i'alu¢ as ai lh¢ balanie sheei dale. Kealised and unrealised gains losses arising on lh¢ rcvalualron of in&esinwnis art ¢rtdited or Lharged th¢ Staienieni of F"tnancial Aclkl'iiies and are allated io the appTopriak Fund ac((wding lo tk"ownership" of ihe underl)'in8 asseis. Sio¢k SILk ttpresents 8oods for resale ar is %altted the of CO al realisabl¢ value. In4ll¢il lll5trurntnts Bdsic finxncial I5([utnts are iniii4llJ rewgwised at Iranwtw and subscguentl). rneasured ai •monised cosi wilh the e¢eption of inve51menis M"birh are held ai fair lalue. F"inan¢iJl 855Cts held ai anwnis¢d cosi coniprise cash ai bank and in hAnd. trade and fee deor% other dtbiofS. a¢itvtd iT¢ and amounis oi%ed b) group undcrtakin8S. Il stlf1¢ proi'ision 15 nTrode fi)r debis for wbich r¢co%"erabilil) 15 in doubi. Cash 81 W" al in hand is defined os all cash hcld in in5tsni aL4ess bank aL{unIS and used a5 M(rfkin8 iapiial. Finantial ltr¥bililie5 held at aMorlis¢d ¢05t CoprIse dew>5its, ftts in adlance. trJde credirS, other ¢redilor5 and amounis 0ed io ¥r4)up undeftdking Debtor5 Trade and oiher debtors are r¢¥ognis¢d at thr settlefflent gmoyoi due for ihe prolision of 5er%Tr4es deliiered. Pr<pa&nienis are recognised at the amounl prepard or ihe anx)yni paid in •dwan¢e. Cs5h at bgnk and in hand C&%h ai bank and in hand includes cash and dep)sits With a short le m•iurii!' of six nK)nih5 or less from ihe dale of oprning ihe dtwsii a¥¥ouni. Creditors Creditors are re<ognised where Ihe S¢lKxTrI h*5 a pre5¢Tht obligoiion rulling fTOffl a past ¢i'¢ni Ihai Mill prL)babl) rc5uli in the Ir&nsf¢r of funds 10 a ihiid pan) and ihe amollni settle the obligation be measutcd rcliabl)". AnKlUlliS are r¢¢ognised ai Iheir s¢NlemeNI amourtl. 23
BRO.IISGROI'E SCFIOOL ST.4TEIILI%T OF.4CCOI"NTI%G POLIC'IES{TrIlnmtd> FOR TFIF. I'E.4R ENDEDJI .4I'GI',ST 2•20 Endommwl Trund5 Tht S"Itty ofFriends Fund.. Thi5 i¢pf¢>¢lliS pernianent tr07¢1 fund) held under a Charil). Cornmi55ion S¥'h¢m¢ ihere the income is io be applitd further ihe chariiabl¢ of Brom5yth¢ S¢lKXA. Dalid M'alters Fund= This r¢pr¢sents peanen1 erh1o¢i funds held under a Charil) Commission kheme iihere the in¢om¢ is 10 b¢ applied ror prm'iding scholarships hr pupils ai Bromwoi"e Sclwx)l or 8pw)%¢d fvrther education e5tsblishmeni. Restrirted FU15 Re>lricl¢d fulld5 art fuNts which are be in a¢<ordwe spttifK rtstriciioThs imp05¢d b) the &)nor Isrt Noi¢ Ilnresirlcltd Funds Unr¢siTiiitd comprise ihe SC1Kl's Een¢rnl fiffjd. h1th is al'ailable for oppli¢BtN)n in &ccordan¢¢ ii'iih ihe sch1.5 objccts. PtDSiOts ¢osts Rciirtmeni benefiis to tmpk))tts of ihe Sch1 are prol'ided ihrough m"0 pen51OD %heme5. Thr pensii)n cosis ¢h8rg¢d in Ihe Sthi¢m¢n¢ of Financial .4cli%ilies are de•ed as foltoi%s= The TeaLhers Ptnsi4)n S¢h¢m¢- This scheme 15 a mul1Èmplcr pensii)n s¢herne. It IS SSIble TO ideniifv Ihe khth)l-s share of ihe U[tr1)'1g ass¢ts 8nd liabilities of ihe Teachers. Peasion khtme on a ¢oDsisieni and reasonable basis and thereforc. a5 requirtd b) FRSIO! a¢¥6 for the siheme as if li i¥ere a defined conlribulion %heme. Ih¢ School's eonvibuiLOTrS. Mhiih are in ai¢oidan¢¢ i%iih the reCornmend1LN of ihe CK)%¢rnment AclvaT), are ¢har8ed in ihe period in i%hich lh¢ salaries io whiLh thc) rtlai¢ af¢ palable. The alxi conlribulcs io a defin¢d wntribution s¢h¢me for -teaChing sthff. Coniributions are ¢har8ed io exptndilui¢ %hen I). be&xirnc pa}abl¢. OperAiing le*5e5 Rentals urndef (Iperaiing leascs arc chargtd i)n a swaighi-line b3st5 over Ihe lease t¢mi. ei'en if thc pa!.m¢nis ¥¢ ni)I niade ort such a basis. Benefils i¢¢¢i%'¢d and receiiable a5aTr i<111¢ sign anoperatinu leas¢ 8r¢ similarl) 5preadon a51taight. line basis oi.er Ihe lease tcrrn.
BROIISGROI"E SC.HOOL .NOTESTOTHE FIN.4ICI.41. ST.4TE.IIENTS FOR THF. I'EAR ENI DED 31.4I-GI',ST 2020 EIPE%DITI"RE S¢wfTCosts O¢h¢r Toi41 2020 C'h#rilible actii'it): T&iching c051S I'eif&r¢ ¢05t5 Prtm15e5 Costs Su(twI ar gobtrnance cos 16.413.603 1.6$7.2.15 2,023,361 2.085.69) .867.2J5 ,734.131 18.280.838 3.391,365 6.928.605 2,B40.640 22.179.888 9.2*51.560 31.441,448 Raising funds: l.etting5 SCI1 shop 240.619 83.515 104.898 ?%6.405 I.1,878 138.686 237.1$2 345 516 339.9?0 1.164.878 138,686 342.9!3 FinarKc costs Other 105,321 1.90? 469 2,331.924 £22.609.343 £11.164.0?9 £3.1,773,372 2019 Cb•rliaNe acti%Sty': Te&hing eosis clfare c0515 Pr¢mis¢s Co5 SUprt goNernanc¢ coms 1S.255.253 2.109.774 1.8)0.533 1.861.489 1,171,022 ,936,097 5,5?3,292 817.632 17.126,275 4.04S,870 7.343.825 2.679,121 21.047.048 10.148,044 31,19S,092 funds: LeniRg5 Srhwl shop larkeiing Fittance costs Oiler 630.?86 48S.8$2 S)7.1111 ,136,552 166.£0(I 1,116,137 527.110 1.136.£52 166,400 205 244 124.292 754.578 2.39&966 3.151.544 £!1.101.6?6 1 ! 44.S,099 £.I4,-346.635 Finan¢¢ costs refaies intere on bank (or ?019 and )0. 2020 2019 Go%"trninr¢ fosts in¢luded In support costs". ,.ludilur s rctnuncrdlion Gul"erno costs l.egal and prOfeiOnal (hhtr 1.446 41,018 7.809 ?4.011 8.00$ £67.93£ É74.407 25
8RO.11SGROI Y. S('IIOOL OIES TO THE FI%.4NC'I.41. STATEIIFdiNTS IfoHiin¢d) FOR TIIE I-EAR ENDED31 .4I'GI'ST 2•20 F.IPF.%DITI-RE l¢iMitinuedl Totsl expenditure Incl¢$.. 2020 21119 D¢pre¢iaiio .4udiloT5 rettratiOn= 1.663.418 1,618,414 20,0( .4udii fees i&-h(Kili Audli fees Isllbsidiories) . Other 5¢tiitts relating to tsNaii( 10. ify) 1.4?5 1.415 BI'RS.4RIES, S('IIOL.4R5141PS A%DGR.4NTS 20211 2019 1.669.002 61?.914 275.086 1.801.49S 784.154 294.834 Forie5 di5th)Iints S¢hAarshipA eihibiik)ns a•)d her di01$ £2.i$7.1))! £).8.083 ST,IFF COSTS 2020 2019 I'a8es and salaries Social S¢¥uriTh costs her pensiort U)sts 18.407 911 1 $37.948 2,668,474 18.414.056 .53S.614 1.848,956 f 22,609,343 £21.801.6?6 The a%era8¢ numb¢r of ¢mplo>'¢es in the )¢w 4s- Teachets Adniiniarniion lin¢luding %ademi¥ SIIPIKIrt 726 440 443 666 678 The numb¢r of emph)}e¢s ii.hose [¢mUrtlOn e¥<cedcd fOO.(KJO 15 diK105rd bekn%': 2020 21119 £60.Ixio-£70.IM)O £70.1)01-£80.th)0 £80.Th)1-£90.0 90.)1-£I00.000 IOD.001.£I 10.0 £iio.001-£i?o.o £2!0.001-£230.0 10
BROIISGROI'E S(HOOL I'OTES TO THL FlI%.4NCI.4L ST.4TEIIENTS (fontinued) FOR THE I"EAR ENDEDJI AI"GI',ST2•20 Ofthe aFth'e eniplo>'tos. fowl?019: thelrecehi.ed ¢ontributions ioad¢fined coniribuiion pension scheme. tiflccn 1?019.. fifie¢n) ¢1¢ m¢mb¢is of the Teaihers PerAsion Schem¢ one l?019'. on¢) had opi¢d ou¢ of ilie T¢aLhers Pension Scheme. 20211 2019 Aggr¢8at¢ ernplo)ee benefitsof ke)" rnanagfmr1 wnn¢l £814.639 £766.753 'eiiher the Goiernor& rtor petsons conned¢d with rhern re(ti%cd an). remurteraiion from Ihe kknl. Reimbursed expereS lotallin¥ £744 tre rrieiitd b). Ihree GLINerrK)rs for tra%¢1 and Irabning expcnses 12019= £1,446 10 six Gen)[SI. Durins ih¢ >'ear there Mere redurKlarKy orttnniriJiion pa)me)HS amouniin8 io £Nil l?019: £12.404}. FINED ASSETS- GROI'P AND CII.4RITI' Fr¢ehold PrDpert>' Trding Compan!. T1 Group E4ulpmert¢ Ch*rf COST Ai 31 Augus12019 Addilion5 Di5posa15 79.977.6?5 .1,091,)4S 1,651,147 54,012 114.618) 81.6?8,77? 3.152.?60 114.688) 54.818 81.68.1.590 1.15? 260 114.6881 Ai 31 Augusl 2070 83.075.873 I ffjW.471 SI,7,344 54.818 84,8?1,162 DEPRLC"1.4TIO Ai 31 .4uyusi 2019 Charge for Ihe >ear Dispo5 I3,1,91$ 1,549.048 1.26?510 109,888 114.681) 14.-106.475 1.6g8.936 114.688 35.715 4.487 14,34? 140 1,663,411 114.6881 Al 31 Augusi 20 14.59) 963 ,357.710 15.9.W.673 40.197 1 S.990,870 ET BOO1& I'ALIIE Ai 31 .UgU 20 £68.48?.910 £332.761 E68.815.671 £14.61] £68.830.29? Ai 31.4y8y 2019 66.933.710 £388.637 E67.322.347 £19.103 £67.341.450
BROIISGROI'E SC'IIOOI. OTESTO THE FIN.4NCI.4L STAT£IIE%TSlfontiuued) FOR TIIE I"FAR F.NDED 31 .IIGI'ST 202• FINED ASSETS I.NI-F.STIIENI TS l.isted 6nhtsimenis C'sh Toi41 Grop: Balance ai 31 Awgust •019 Addilions Disposals laagEment fees paKI L055ts on re%alualion 6,164.1?6 7.1.916 ?Th?,6471 344 761 {1$ 170) 6.218.04? 1.145.761> 16.122 1504.5071 {505.1331 Balae at 31 .Iu8llSt 20•0 £5.56$ 874 £132,491 £5.698.365 School Bèlance ai 31 .1ugu 2019 AdditlOD5 DISSaI5 lana¥tmeni fees paid Insses on r¢ialuaiii)n S 16?9?1 189.746 1306.8941 4 13.1.991 1189.7461 306.894 129.0481 60) 128.4431 19.0481 14?1.0371 14!l.fA?I BolarKe at 31 Auguu 20!0 £4.6•4.111 £79.77% £4.70.1,1* The Schwl holds of1 Sha capiial of Bromsyw%"t SLknI EllitristS Limiltd. iiknse prittcipal o¢tii'ill¢S are (mmeri1a1 letting& operating a h0o1 5P and adminisierine the School's int¢maiional a¥iiiities_ This ini'esim¢nt is held ai nil lalue in lh¢ finarKial sts1¢nn¢5. A summary of Ihe balanie sheti and profil and loss a¢¥ouni from ihe di(¢d rim1&1 Sthl¢m¢nlS Is sei INJI belo,. JI Auzyst 2020 31 Augu 2119 Turno%er E¥ptndilur¢ 84? ?03 1,499.805 1813J?41 11.211.0141 ei pn)fit before (kination under Gift ..lid IA>nali(kn under Gift .4id Goi'¢rn(>ri of Broms8roi"¢ khwl ?8.879 1288.791 } ?88.791 1?54.2911 Retained Ilossl'profil fi759.9121 £_14.%00 Ncl as5cis rcprtsented b!. Share capital Profit and loss accoyni 28,879 283.791 £?8.881 !88.79J DF.BTORS Group 2•ZO Group 2019 C-harl. 2020 C"hiriii 2019 Fees .4mounis d#e from Bft)ms8ro%'e SclMx)I F,ni¢rpri5es1.imiied Oiher dtbiiirs and prepaiEnents .4tnounts due from Br0rn58roi'e Scknl Foiindalion 189.!3S 518.746 289.•3_5 518,746 914.078 761.083 644.601 1.181.787 970..1?7 29.704 33.19? £1.479.017 £1.439.073 £? 146.073 £1.948.612
BROIISGROI'E SCIIOOL OTES TO THE FIN.tNCl.4L ST..ITEIIENTS Iconflnued) FOR TIIE I'EAR E.%DEDJI .41'GI ST 201• CREDII'ORS: fillin% 41llt lihln ont >e•r CJT••P Gro 2019 Cb#rlty' 2019 2020 2020 ,1.$4.161 900.315 22.112 760.545 7.?3.1.24? 468.779 716.498 .354.168 17.0•4 372.665 5.972.176 419.603 654.689 158,127 FtTrafice lea%e 'rrade ¢i¢diiofs Fees in adNan¢¢ and puptl dew)sits T&xolion ar social struti. Oiher crcdito Accrnals 22.112 715,472 7.73.3.24? 450.359 716.498 130.788 i98.939 S.972.876 4!? 222 6$4.689 891.406 £9,711.1•4 f10.952.147 £9.649.1 £0 £10,868.786 CREDITORS: •mw#ts flliAi doe gfter more irt one i'er Group ind Char). 2020 2019 Bank. loatts Finance Ica5e Pupil dew)sils 8.014,2.11 4.406,815 3,?81.156 3.087,163 11.330.608 £7.546,!16 D¢thils of abo%'e loan$ are 4s follo$.. OwslandiTrg balance of £327.7$9 iyhich is U5¢¢Ted. Rep•yrnenlS ii.hich commenced on Y) June 2005 ar¢ mad¢ qu¢rE). aThJ coniplele on JO June ?0?6. Itel¢s1 15 pajablr at a fi.Kcd Tate of 5.70517. Outstanding balance of £89.169. Mhi¢h is unse¢wed. Repa}rnents %Nhieh commenLed on 28 Sepiember 2012 are made qLMrtttl>' and compld¢ on 30 Seweffliber 20?1. SM¢r¢51 hs pa%able at a fi¥ed rate of 2.5 ]•. ou1anding balance of £16.667. i%hi¢h 15 unsecured. C¥ital repa}rnenls are madc quthcTI) oTh'er 15 >'ears. Thc5e palmenls commtKed in Del'embtt 2006. Initr¢si is pa}"able ai a ra¢e of 0.71PiQl"er Ihe bank s base rale. Ou15tsnding b318n¥¢ of E78.994 which 15 unse&ur¢d. Repa4men15 Iihich comm¢n¢ed in Tole[be¥ ?016 are mtsde quarterl) 8t compkie in Ni o%ernbtr 20?1. IniLYCS1 is pa)able ai r of 1.700 Oltr Ihe bank" s base rate. OLEtsiandin¥ balancc of£$9? 8?4 Repaimenli Mhiih comni¢n¥ed in D¢¢¢mber !016 ar¢ niad¢ qtharttrl) and ¥i)mpleie in 0*6. InieTesi is paioble ai a Tate ot'£1.70oo&cr Ihc bank's btst raie. OUtsiadIng balance of E1.464 754. h1£h is thisecured. Repa>'m¢nis hiCh Commenced in oiember !018 art made quarterli" arKI Thill comple¢¢ in Augus1 ?0Tr7_ Intcresi is paiable ai a filed iote of 3_?•. Ou151ading bal•n¢e of f1.797.737. hleh is UAsecured. Repa)ments iihiLh comnitnced in oNcmkr.Wl 8 are niade 9iianerl) and 117 coniplde in Auguy 20)7. Iteres( is palable ai rate of1.70o oicr rhe bank's base Tai¢. ew Coronal'iwus Businc5s InlcnupliDn Loan ICBILI of fS,1300.(W. is secur¢d. R¢pa>'rn¢nlS Mhi¥h iomnien¢¢ in June ?O?l are nTrade quarttrl) and i%ill romplele in June 16. The loath 15 inlrtC5t fre¢ fir iMel%e ttN)nihs and then pa4 able 81 a ralt o(1.06°. oler the bank's base faie. Floatin loan.. l ear Temi: 29
BROIISGROI'F. S("IIOOL OTES TO TIIE FIN.4NC-I.11. ST.41'I-.IIEN'I'S Ifonii#utd FOR TIIE I'E.4R ENDEDJI_.11-GL-ST 2020 EliDOIIIIF.NT FL"NDS I kpternber 2019 ti in¢omt id gains 31 ,lugust 2020 Transfers Daiid Il'ali¢rs Fund The &)cieti of Friends 34.671 4?4614 34.671 -186,114 140.?801 460.215 £140.?801 Blnee I September 2018 Blince 31 August 2019 ••d g#lns Tr•u5ftr5 Da% id Il"aliers Fund The Societ). ofFritnds 34.671 411.157 34.671 4?S,614 14.447 £44S.8!8 14.457 £460.)8S I.'NREStRICIED FliNDS Balance I Sep¢rnb¢r 2019 Bxlinco 31 AuRU51 2010 Gins Ind TNnsf¢rs lTr¢ome F.Iptndi¢ure General fvrtd £60.6$0.718 £3I.993241 £133.773.37?1 £{464.2?81 £61.406.3S9 Bilante I Stptember 2018 Bilsnte 31 ..Kllgu5l 2019 G*lns and Transfers Elndi1Ure Gcneral CuThd f 46.576.349 £.18.371.964 Q_14.346.6151 £49.039 £60.6£0.718 30
BROIISGROI'E SC'IIOOL -%OTLS TO TIIE FI%.4ICIAI. STATEIIEN7S {co•iwwed> FOR THE I"EAR EkNDED31 AL'GI"ST 2021 RESTRICTED FIINDS Balance I Sewemb¢r 1019 i•come Transfews zozo John Xi 'icho115 Fnd Ro8er Brazier Fund £.251 5.0 £10.2il £10,251 Bglgnre I Sew¢ffjb¢r 2018 BlxTrr¢ JI ,lugb5t 2019 ¢¢ Inton Ind gl•s Tr•Bsfers John Nicholls Fwid Roger Bwier Fund 5251 5,271 5,000 10,2$1 £10,251 The Ni¢holls FUNJ repSents A ksac> T¢1ed to 5UPPOrt child0 und¢n¥king e%pedilion5 or Ould)r The Roger Bler Fund rtpreseTrts • dall0 f¢cei¥ed io syppyt the learning and dN'elopmeni of pupils wilh d}'slexia. 12. ALLOC.4TIO.% OF THE GROI'P LT.4SS£TS Flied A$5tts ,%ti Currenl Liabilities .on8 Term Llabililies 202• ToiAI R¢strtLi¢d F_ndoiim¢nt 10.2$1 10,251 410,> 4_70.5 Lnr¢slri41¢d.. General 5.278,3fy) 68.830.?9? {1.371.615 111.330.6081 61.406.3i9 S.698,.165 £68,830,?9? £11.361.4341 111.330.608) £61.8i6.615 Flsed ..I55ets tt C'urreni Llalmlitlts Lomg Ttrm Lllbiliiies 2019 Total Rcslricied F.ndoiiTrent 10.251 10,241 460.78 460.!85 Lllrt51riclrd-. Gtneial 5.777.757 67.341.450 14.9?? 17Ji 17.546.)161 60.640.718 6.?3&.7 £67.34l.4%0 £14:91!0?! £17.446.7161 E61.1 ?1.2$4 31
BRU}IR01.£ SC'IIOOL OTESTO THE FIN_4ICI.41. ST.4TEIIE.%TS(conliits¢d I-OR THE I"E.4R F.NDED JI .II"GI.-ST 202• IJ. C..4PI 1.4L CO.11.IIITIIE%I'S 2020 21119 .4U1)n5eJ byl IM)I contracied Conira¥ied bul not wolded fo £Nil £2.190.740 14. FIN.4%C-I.4L C-O.11.IIITIIF.N'rs 2020 2019 Opcraiing lea for equipment that ¥e subj¢¢i io futwe mininlum lease ¥oniniiimenlS are as follo1%8: l iihin tsnt )ear In ihe sccond fifih )ears 10.713 37.68! 79.115 Total £48.39% É8_1.143 Con)miim¢nis under linan¥e leas¢s art as hlloMs'. Pa)abl¢ iiiihin one )ear Pab]e in ihe S¢¥ond to tifih }ears 17.0?4 22.117 Tothl £4) ?38 £74.350 1£. SI BSIDI.4RI' C'II.4RI'I'I' Bromsgrthe School 15 tht 501¢ member of ihe Brom58r.¢ Found•tiOA. The Bron)sgA)wt Foundation thas been consolidBltd into these accounis. The Bromigro%e Foundaiion 15 a illmpati) limitcd b). 8uaranitt and a regisicred charli}. li ilas lniorPraied on 6 FebnioTr !007 and has a )ear end of 31 .4ugu5L .4 5umm8r) ofihe Statemeni of trinarkLial .4ciiiiiies and Balanie Shcel are gii'¢n belo.. Staiement of FIanCial .4¢1iiliks for the )¢r tffiled JI .4ugu51". 2020 2019 Ini¢sim¢rti income txinaiions and legaiie5 -13.877 18.1.964 -1.1.!37 ti17.791 141.048 18.1.471 104.81 Lipendilure Rcali5ed and unr¢alised inic51m¢Tri ibss¢>l ains 16,100 81.)6 1.108.640 $9.767 1.048,873 Tal fimds b)ugh1 forward loial fund5 carried fonlard £1.189.90? £1.108.640 B•lance Sht¢l as at 31 .4uEuq: In%esimtnts DtbtL)rs Cash C'reditLNS 994.448 107.948 16.700 ?9.704 .084.0_51 6.770 ..Iccuniulai¢d Funds f1.189.rfA)? £1.108.640