BROIISGROI'E SCHOOL (* rompani limiied bi Ku¥Yantetl (l[￿Or￿)rAIl￿8 Broms%ro%e 5cbool Schol*rship Pr￿e F￿nd. 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 lon￿1ft 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 Lo1￿10n (BCI tr Kl Lllckman (EC. RC) (thawan ofRtsk & Str•iegJ Commiiiee fr Il, R￿le￿ 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= Iltm￿r 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 Br1iM5gr￿￿t Il"or¥¢siershiTt B61 7DL' BRoIl￿R01"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 sch￿1. 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 ' ￿n5¢K>u5 ikn¢ our PT0I'is￿n and our full breadth of ¢ducaiKm could not bt pn)iided in ihc 5umm¢f ierm and iher¢for¢ fees ￿¢1¢ redLELtd a¢cordin81>", m.hich cosi the Schwl £3.9rn. The SCI￿1 I￿k earl). decisive a¥lion ￿ redu¢¢ ¢0S15 ￿her¢￿tr F¥)55ible. In addition. adTranta8e lias tak.cn of lh¢ CM>%'ernm¢nl'S Furlough scheme for supp()n The ￿￿<[￿￿5 Mer¢ also mindful as a ch8ril) of our obligaiions to aci 'iih fisial Prude￿¢. Therefore giien th¢ continuing tsncrrtain(i i¢garding ihe COI.'ID I'1rn5 decided ￿ draibdoil É5m on the C￿le1mM¢nI sponstsred CBIL loan scheme al￿ dela) aTry new capiial projceis. The latlet are nomiall). fundcd oiil of ihe S¢hool's SUFplus. These acitons ha%e eDswed thai the Sch￿1 15 in a 5tron8 financ>al ￿sill0￿, Acad¢mi¢ resulis ex¢¢ll¢ni and H¢r¢ ifi linc with Ihe prt¥ious thiee jears. tkspile the wnfu5ion over The release of Ihe examination re5uIt5 and thanks ro ihe dcdicaiion oCieachin8 siaff our lea%'etS Mtre able ¢0 5e(ur¢ Ihe uni%crsti)' places Ihej desired. (Xjr mantrk at the stsrt of the lock.doiiTr peri￿1 w.as 10 be compassionate and SUPPLYIII¢ loiiard5 all ofour comrnunity, and Me are proud oftht School s strong pupil P851LM3] care and ihe financial supwrt ihat Me ha%e pft)i"ided to our families ihrouglk)ui this dityiculi perio The EN¢culi%¢ and ihe sellror lead¢rship teams ¥ross our foul SclKxils MThk"ed tlT¢lessl)' over Ihe sunimer 10 dei'ek)p Cornprehtthsti'e plans and wblicies k) cnsure pupi15 rclurned in Seylembtr 10 a safe ¢thi'ironmeni, The c¥cell¢nt School r4)11 of 1.94$ is iestameni lo wcll ihe ha5 naiioaied through Ihe COI.-ID pandemii. Thi5 Mould not ha￿'e b¢¢ii Possible wiiknui the professionalism. dedication and comm11me￿I of all in%oli'¢d BRO.115GROI E SC'IIOOI. R*.POR'I' OF TIIL GOI'ERNORS (c'ontiTr￿ed1 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 fin0￿*al 51aiements flir The }'ear and Confinn ihii lh¢ financtal aiementi ¢onipl%' i%iih ihe requircmtnis of ihc _4¢1. Iht rhanh"'S ￿0￿emIn￿ doL'Umtni, applicabl¢ sa￿. and the Sts)i¢mtnt o( Recommended Praili¢¢'. .4iCOUlltiDg R¢p)rtin4 b% Chariiies appli¥able ￿ charities prtparing I￿1r 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 ja￿U￿rI !0191_ REFLRENCE.4%D.4DIIINISTR4TII'E INFOILII.4TIO The Sch￿1 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) sch￿1& 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¥ Sih￿1 or $ch￿lS 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 pA￿lde a first class c￿￿3110￿ ￿ Ix)>"s and girls from lh¢ asts of!_18. I'ithin the obje¥ts, Ihc S¢lKX)l aims to p￿MI￿￿e hJppN. creaii%e. mrdl ¢ilil¢nS Il'kn li1.¢ ￿lI￿alCd. 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 ￿U￿all0￿ 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 Sc￿￿7 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 Sih￿15. .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¢ll1￿S 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 s￿hl￿1 proii41es. .4n indi11d￿t'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).. S￿lfi￿all).. Ihis )rar wid prior w the COI'ID-19 IoLk.d(pi%m, Ihe Bromsgroi'e SC￿[ Swim .4¢Adem) provided s*imming lessons i() 930 child￿rt from the kx-al l￿MmunIt>. '[ 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 I￿al children. Lthal primar). s¢hLN*15 use the s￿7Mming 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. Burs*ries •wd Srholarsthips The sch{M￿ is committed *) ensuring ihat Iher¢ is su(fictth Op￿rnIn11). hr ¢hli dTen i%hose parents ¢aAr￿1 afford ihe ftts. including Ih)se in [￿ertI., lo brntfii fn)m ils educat￿TraI 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 P￿tAt5 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 bur5*fbe$ 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 i￿ome and the lalue of their capi￿] assets. The SclK)ol has a Bursao Poli¢y. Hhrch is available io I￿h Pros￿￿•%¢ and exi5tkng partots. The wlic). nse to ihe pandtmi¢ exTTemel} efYe4ti%'cl) and i%hi1s1 Ihere iicr¢ si¥nifKani o￿lational 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¢ ScI￿l-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 of wr internatioThal knrders r¢tumed ￿ iheir home ¢oyntrics. HoiNeie¥. thirt) of our Ix)arders could rK)i return 10 their faniilies to tr￿,¢1 rtslTiCtions. A small ieam ¢ariAg. supporti%¢ members of stsh. r¢maincd *ithin trtwdin8 tK)us¢s thr4•Jglwui th¢ Iokkdoi%n peri￿1 io I￿)K. aftcr Ih¢se boafders. Th¢ Schwl 5UPP)rttd k¢)*OTker families ihnwglv)ui ilK kKk&)￿Tr ptriod b). lookin8 after th¢ir children in Scknol pwiiding knih atcess its ih¢ on liThe ¢ducatioD and 1sThp arOW￿ cart. K¢)Mork'er farnilies ¢¥PTessed their graltiude for ihe support that the S¢kwl pro¥ided ai this %"ery diffKuli ¢ime. Due io Iht ¢X¥epiioTral circuwDsiances including the_ph.¥st¢al closure of ihe Scknl. Ihe Goserr¥)rs agrttd io supp(rf 911 sch￿)1 familics rtduring Ihe lees in ihe summer term. Da>" fec5 Mere reduitd b}, fjO•. and recognisn8 ihai Ix)arding pupils nol residing ai the S¥hTh)l. I￿larding fees w.ere rrduced b) 4￿D. In addition, fee Tcmis5ions ￿ere also aliarded io nuTStry. )oung£r pupils usins See Sai) and ihe I pp¢r gti1h. The S¥knl PTL)mpt aclion ￿ rea￿< lis cosi bast IV•and ￿lan￿ge ilas iak.en of Ihe goi"etwlln¢nt's furk)ugh schcmt for non-itaching swff. The Go￿ernor5 were iery of the e19 Butsar) Fund lias pui in pla¥¢ to 5UPIK7rt Ihese families and Ihr tiDance i¢am offertd nk)r¢ Ilexibili￿. around pa}m¢nl iimings. All bursary aii'atd> haie b¢¢n confidenitallj a%4ardcd b) ihe Bufs8r's offkce on a mean5 ie>i¢d basis. Despite tht COI'ID-19 ￿$trICtl(￿s. the pupil roll has remaincd suong througlKiut ih¢ )eai and it thas pleasing ihat onlj. a %tri small ￿￿￿1b¢r of farn¥lies left the sch￿1. In ihe summer ler￿￿ ih¢ Tlill SI￿} ai 1.944 pupils i?019.' 1.9761. The Senior Stknl ¢Juiatcd 960 pupi151!019= 96?) of %%hom 47) i?Olf*. 4511 Mci¢ ￿￿arding pupils- Ihc Pr¢paTalor) SclMxII eduili lcd 5.li pupils l?019-. 531 l ofiihorn 84 IW19.. 8•1 ￿C￿e ￿ardIn¥ pupils: 11"ini¢ffi)Id House educai¢d ?67 pupi15 {2019= fj871 and Ihe Pre.Pr¢p&Ator>' S¢]kn)l ed￿a¢ca 183 ￿1. pupils1￿19. 1961. Prin¢lpxl Adilhties of ihe I'e*r This >ear, Ihert hasb¢en a ¢oniinu¢d fL*uson ￿ldening access. The ialw of means iested bursarie5 Lncludiiig Ihe pandemic rd5hip bJrsaric5 amounted to 4.8°. of inK￿me i?019.. 4.8•ts1 The rharii) has al￿ proi ided fee giSislanr¢ in iht form of siholarihip5 and armcd fories di&iounis. Thc lalue of svih additional assisian¥¢ %ihcn added io mean5 tesltd bursariL repr¢5¢nitd ?.4￿. of ihe chaTif%' S f¢¢ illCOTnC. Of Ihc 1.945 pupils eduiatcd 81 ihe 5chLx)1. 497 pupils l!6° ol rcLei%¢d SL)rne dey¢e o( finaTriial a55iStance in ih¢ forrn of buryarie& s¢holarship& arnicd (or¥t5 di5LounlS and 51aiY di￿(1￿￿1$. D¢ipjl¢ COI"ID-1g prLssur¢i on ihe budget for iht (orthiomine )car. Goi ¢rnots haie ioniinucd li) support bursaries and ha%e agreed an annual butsary bud¥ci for ?O•O.!O!l amouniing to 4.IV.•of ftt incom¢. Dc5piie ihe unc¢naiThh rcgarding the ttaiional publii iht produied a SlTI)ng i¢t LTrf rc5uIIS 5panniThg GCSF, .4 le¥cl. 5B and B TEC. The IB ai'eragt lias 19..1 ￿lih oiti half of ihe pupils akhiei iiig 40 or nK)rt ￿lmi5 iequiialenl 10 lour .-I' at .4 Le¥"¢lI_ .41 .4 le%el. of OUT pupi15 &kie%eJ .4• .4 and 88f*o a¥hie%cd .4. 10 B. In addition. 08°¢ ￿t-the 109 EPQ entries aihi¢i¢d an .4 i%iih 95 • ￿h1￿1￿¥ a¢ leasi an A. .41 tiC'SF.. 65°.(* of raJMlidal¢s aitaijied a gyade 9.8. 7 lequiiolerti its ihe old .4*..-11. 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 Lntle￿ilieS 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 ScP￿1.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¥ancj￿g tdvaiion. The F.¥e¢uii%'e and Go%"eTh)rs rtiogoi5e ih¢ knuge imwtance of Boarding to s¢1￿1. tx)th cufturall) and financially. In the light of irKreued Coryetiiion from other kading Independent $ch￿ls and retitLIIon5 follo*ing th¢ lasi ISI Irtstrdion, Ihe Sch(xyl undertTr)k a full rel'it￿ of 311 asp¢¢¢s of Ilo¥diny in ihe,Ilichaelnths ierm. An ¢yieThal ad￿lSOr iih signifi¢onl ekp¢rience of bcsl PTXlice *ithin Llk IM)arding apwinied 10 coniplelc this rebiew. In rtwgnition of tht high number of kn1d¢￿ ai Brom$Br￿¢, il was recommended thai the Schwl should alloL'aie more senior maTTragemenl lime s￿1￿¢￿115 to ihc rnanagtmtlli and oltrsighi oltA)arding. Trwihcr 10 Ihis re￿1¢￿", Ihe SerÈK)r Sel￿1 sNI'r reSir￿clUTCd and ihe Depury Ilead. P&siLifdl has lh¢ re4M)nsibilil)" for wnanaging all a$￿&1$0r IKiardtThg. The fewrt also included several other recornrntrtdaiions such as ihe corKepl ora 11)ing 4uad to deal ￿lih siaff absences and lllcre￿d nursing PNTrAi5ion in the ¢iet)ings which ihe SclKY)l is implementing. A r¢%'ieiY of tbc He￿ of l ear and Per9)nal. Sttial. Ilealih and LcoTh)mic IPIISE} PfoViSiL)n i¥i¢hin the Senior S¢hool ii?s also compltled irt ihe Nli¥haclma5 ierm. In order that ihe Scknl's pnivision can be more age S￿lf1¢. a n¢iv PSHE Pfogramnie has tr￿en de*elopcd for Ihe )oung¢r pupil$ 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 refi￿bIShed 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¢1￿1 building. Thi5 iwludcs a modern displa} area which allows 0ur.4rL'hi¥'i￿ ith ¥tsnge exhibilion5 for alumni and the Sl-h￿l commuthity. li also Inc1￿1¢S a *ork and Storage ttrea tor the A￿h111st 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•5*r 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 Pande￿IlL Ilad a 518nificanl inipgct om Ihese plan5 and due to the Iwkdowi. li ￿aS ag￿ed ihal the girls s14)uld mole in lo Ihe new ]MIU5e ai Ihe slarl of Ihc nex1 0¥adtmic >'¢ar. llThils1 the conSI￿￿11￿n 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¢1￿1 is d¢lishted M7ih Ihis ne￿ addiiion k> th¢ da). house CL)mfflunl￿'. This building proj￿1 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 ￿ Con1r￿lt￿l 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 PE￿Ien[l). drcided io dcfer aTri' neiv major ¢apital e¥pcnditur¢ pwjtcis. This included * t￿711￿8 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 ￿ Imp￿1.1￿g the Schwl's f￿1￿lMi. 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 in1ft￿￿ted to tnsurt Ihai all wasie ￿1th1n the S¢hfy)l is F¢¢}cled and res￿￿31b]Y managed. In the i'eAr. ithe Schcol eonsumcd 1o.9?7,291k￿Th of eTrcrgJ ih¢ qujnlity of emissions amounted to ? 157.730k¥CO?e. I h¢ Sch{x￿ bs closcl) ￿oni1￿rIng 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 pro8￿sSed 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 c￿enSI￿t 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¢ k*al cornmunit!.. L¥aniple5 I￿lUded the Bron15gro%"¢ SL'knI S￿lM 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 r￿tball. 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 Sch￿1 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 k*al kIM￿lS 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 da￿e 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 I￿al care homes and ¢oll¢¥ling ￿>S for the Birmingham Iligsion. Lok'al children from ihc Brumswo%'¢ Xorth and Souih Senior khcA)Is alxi paniiip*e in acii%'iiie5 ai ihc Senior Scknl including the CCF. In the )'tar, Ihe kh￿1 has 8150 providcd fin&￿111 supp)n ￿￿trIC￿5 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&¢. All 5uppliti pa%mtnis ar¢ made PTOJllPtI> 8rtd the Sc1K￿l has a g(K41 rtpuiaiion I￿ally. ThA)￿¥1￿)ill Ihe pandemic, Ihc khwl endeai'ouTed to ell5ure th81 all pa)ments COlEtinucd io k made on lime de5piie Ihe restri¢iions. Turning io fhe t¥lrdl. 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$, Ihese &iivities conlin￿ed al home durin¥ ihe Stknl <105ure. with pllpi15 and 5tatT helping oul in lhcir loial cornmyDiii¢> And kerpin8 acii%'e. Friim niak'ing Sirub5 and kil bags for niedital Pfof¢ssionals lo Ioluntterithg ￿ help di5tribui¢ ¢ssenlia15 to those most in need. Ihe Sch￿1 also manufa¥iured and assembled 1079 fact sthields foi I￿al Ih)spitsls and medical fxil•lie5. Ourmu5ic and dram& n a particularstr¢ngth and *tthtjo)cd the Prep S¢1￿1"$ prtyJuLlton of A IlidsumrnerNi8h('s DT¢am and the S¢nior Sch￿1,5 PA￿￿¢t￿n 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 S￿d¢￿I5. A final highlighi ￿45 Ihe BIB Band achi¢%'ing Gold and a pla¥e in ihe N*ional 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 SCI￿7 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 Sch￿1$, fc¢ inc0￿e has redu¢¢d du¢ io thc fee remisstons amgjdtd in ihc s¥nimer tern in resrrt)nse ￿ ihc pandernie. Thi5 is a reduction in net f¢¢$ of £3.90?k ￿hen Comp￿ed ￿ the SchLW)I s pre COI'ID-19 finAn¢kal forttasl for Ihe >'ear. Sch￿[ ￿SpOnded Th'¢ry' quikkly •t the slart OC the pa￿l¢M)e. totknJllinE all aspects of Sthwl e.¥p¢ndiluvr and itwnediatel). 5eekiTh8 ¢QSi etliiiriicics. .411 dis¥i¢itonar) and rMNL-tsseniial elpe￿IllUre 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 l￿pro1.ed p¢rfomiafiie 1%35 dut io the FouNlaiiott r¢iei%in¥ legary th￿n￿lon$ in the >¢ar. The nds rais¢d iiill contribute io bursary aMard5 to pupils of Brt)msgro%c Schth)I In the f￿￿re. The s¢lM)ol"s inie51ments Meie adl"e￿e1) impx1￿ b) Iht p3Thdeffti¢ •s Si￿&. mark'ds througlM)Lrt ihe uorld fell. The s￿h￿Is invesiments fell in the period b} £464k. a 7_4• o rcductTron. In ord¢r ihai ihe (Joltn￿r5 could proieci Ihe SCI￿1.5 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 Icar. a further £!.Oni i¥as I￿rr￿lied 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¢ptear as global ttonomic groiiih ha5 been disrupted. Thr g¢tiial p¢rthanc¢ for lh¢ k.hwl wrtfolio in Ihe )ear • n¢gaiii e r¢iurn of $ 5•0 and due 10 ihe tA)rtfolio having a Ioiitf 811(xaiion of Iwlrighi groib1h ini'e51m¢nis. Ihis is a lo*er rtlurn than ihc bcnkhmark of -) I •. li has ouwrfornied thc FTSF. klll Share Irxl¢¥ i¥hi¢h Pr￿JU(Cd a ncgati%e Telwn of l ? 7017 in lh¢ sanie p¢riod. Re5eTh'es Polit). The CM)%'errK)rs r¢¥Y8nise Ihai frrt rtStr%es are IhDse vnrestri¢ted reseTh'es ii,hich are SPCLtrtcall%' designaied for ani, PUtp(>se. Th¢ Sihool'5 unrestricitd reseThes ar¢ ini'esied primAril) in fi¥cd a55eis. ￿hICh are reiorded in ihe fTrnanci&l Slalcments ￿ iwk" ￿"a]Ve. The &i%"¢rTh)ts hai¢ Tni¢s¢ed si¥nificanil) oN"er ihe lasi fe￿ lears in ¢apiial prtsje¢is enknncin8 the Sch￿] buililings and faeililies forthe benefit of the children being ￿￿¢&I¢d. Due to ihis significant ini"estmeni b) Ihe Seh(x)l. the frtt rt5erves are negaii%e ￿ Ihe ¢urrertl lirne. To￿7 Funds Less: Re5trided Funds Enthii¥Thtni Funds 61.116,615 (10.751 {4!0.Th)51 Unr¢strickd Funds Less.. Proptrt) FundinB 61.41)6.-159 168.81029?) Free ie5ep*es 17.4?3.9331 Prior l ear 16.690.73?1 The Cioi"errrtlTS k¢¢p ih¢ k¥el of frtt Ttstr4cs undtT Tel'ieiv. Despite ihis neg*i%'e w)Siiion, Ihe! are iL)nftdeni ihat ihe S¢hiY>l-s ¢gshnoM I"oicLo51s and ci1crnal finance faciliries ar¢ sJffiLi¢n¢ w mt¢i Ihe OPCTational Trccds ofihe Schiiol. The N'ernors are Core¥a5ting ihai Ihe fre¢ rt5¢P•'¢S Wsilion 14111 impwie in ihe cu￿¢￿1 )'ear. I he liOitrnLirs' JxTrlii>' is to rC￿￿S on ihe leiel of liquid ass¢is Ihai suppon Iht WVeSlri¢ltd rcscn"fs_ To miligalt agairb51 futu￿ risks, the ¢￿￿er￿)￿ b¢lie%'e ihai ihe SclkK)151K)uld IKTrld suffKieni liquid assets to coier ihree 10 six inonihs 14onh of eNpendiiiir¢, I h¢ aim is io be able Iv support ihe Mork"ing iapiial Deeds of Ihe S¥hwl wiiknut nt¢din4 disrK)se of the School's land or buildings in the rnedium ierm. The Goitmors wlii) is io h()Id Itquid asse¢s rtprtStTriing ihrte 10 Sil nK*llihs of ¢ip¢Ddiluw 1£7.9n) . £14 8nil. The SihLNTrl-s in%"esimenis are held to prtji ide irt¥oni¢ and iapiial and as iht% are tLoi dcsi_Enat¢d lor a sptiific purpos¢, Ihe). are %'i¢i%¢d ii) be liquid a5Sel>. Based on the Lurrent Ma￿"e1 Priie of ihe in¥e5tfiitnis afid &urr¢iil cash balan¢es al 31:, .4ugusi !O!O. Ihc School s liquid a5s¢1s amounied io £ I l.lm Cornpartd ￿1th £9.?m ai 31 .4ugusi 1019. 10 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 ex*mo1 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 Sr1￿01-s obli￿110￿5 on a fund b)" fimd b•si> Fundr#Ss%Dg Pollt). The S¢knl does not undertake fi￿mIllI51￿8 fow the fin&King of ¢4piial inve5tThent. All p￿Je¢l$ ￿lihin the ￿1￿X)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 Ullin￿le1) ￿ 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 i*iih 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 ap￿15 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) i￿￿o￿lIs a fomul I¢%.1¢￿ ¢a¢h ierm of thc SclxK>I'5 Risk Regisi¢r. Th¢ sch￿11 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. llltigat￿n c4)nift)I pnxedures ¥Je put in place as Thecessar>. This pThxedur¢ ond th¢ Risk Register 15 rel'leii￿ b) the Risk" S¢rateg> cOn￿li[¢< eaih ¢em) and i¢¥ornni¢ndations arc made to Boatd regarding tonfurnation thal 5>Slems ¥¢ ift pla¢¢ io proi'ide reasonable ￿sUr*nc¢ Ihai major risk's are bcing adeqwaiel)" nTranaBed. The [￿)51 sigllificanl risk. for Ihe Sch￿1 in 20.W2021 is the impaci of ihe pandemic. s￿IfiCally. there ar¢ IMO ¢¥l¢gorie5 of wi5k=. I he htalih of ihe Srhool forn￿￿￿1￿-. The S¢7￿￿1 is Siriiil) adhering lo all Goi"¢mmeni guidanLe and his neiv lilies, pr￿£d￿re5 and rh5k" as5e5sw￿n1s in place ￿ keep the 5L'IMX)I conlmuiiil) safe. These kna%e all becn revic￿ed 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¥19 r¢51riCtions aTe putting additional pr¢sswes on io all of ihe Sc1K￿l conimunil) and ih¢ focus ihis }"car Mill b¢ maintsining high swidafds of acadernic aLhiti¢ni¢ni and e¥cellenl pasiiiral sup￿rt. 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] c1￿￿11￿re p￿je￿$ 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 ￿tr￿tE1C 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¢EwTar￿uM and Anicks of A&s￿l*￿n ari5iTh8 fA)m inwTP)raiion in 2003, •s amended on 4 (k￿ber 2Q 1.5. Co%ernors ind profe5sioMI *d)isers A lisi of¢K>￿er￿rs 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% Golen￿5. Ihe Nominalwns Conthiitteetak'es iThloeonsider41ion ¢li8ibilio'. pcr50nal Compele￿¢. s￿la715t skills and ILKal aiailabilitj. ew Go%'ertMN5 u¢ indukted ifftto The i10￿.1￿¥S of the Scknl. incI￿11n$ 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%8nis*lion81 Il#•*gtm¢nl The Board ofG)%'l and metis at It&￿ ihrec lirnts a Jtar. The principal ￿SpoNSIbl1111¢5 of ihe Board ar¢ w.. Lnsur¢ the Sch￿1 is in &cordancc 115 charilable objtKt11¢5 and ihat all ihc lunilii)Iis of Ihe Schr￿1 are auihori?¢d b} Ihe trfJii'er5 PTOI'id¢d bj its stab]tc* re8ulaiions and b> iompan! and charii) lai To apwint ih¢ Il¢adniasler To sei, in consul1a1￿ft Miih ihe HeadTMSt¢r and ihe Eieculii"e octhe S¢lKK)l. Ihe svaie4) and ￿1}¢1¢$ bi, i%hich the SilKK)l i%ill be ru Approie Ihe ik%'¢l(bprnent PlaJ¥ Lnsure Ihai ihc SclKwI meets the objtctii.es Ih81 ihe Board s¢ts from lime io lime Conin)I finan¥¢ b} approi ing budg¢is and Ic)ngcr.i¢mi plans and b) app￿lIng sjsiems ihal opiimise the ihaii¢¢s Ihai Ihei. %%ill be achi¢%ed L-ndersiand Ihe txienl of duiies in relati(￿ 10 risk managcmeni otyj io1¢881 such matteES 10 the Board Buildings Committtt - which ¢onsidN5 and T￿TrI10rS major Tr￿11d refurbishmeni projtc15 Miihin ihe SCI￿] In%'estm¢nt Commiii¢¢ hich Tt(eiN¢s i¢nnl) upd*cs on in¥¢4meN and perforThance from ihe Iniesimtthl Advisers niatter5 lo the Boanl together hiih w). pro1￿1$ ￿8￿dIng 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¢nd*ions re8ardin¥ pbtenlial Bo¥d m¢N5bcr5 Hcalth &. Safety Committte- thi5 ensU￿S 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 Safeg￿rding Pas￿rnI coniToIs iihin Ihc sch￿1. Each commilt¢¢ Trom￿11). meets before ihe m•in Board m¢eiings. The mtmbership of the cornrnille¢s i5 suNTrleJMeTrted by" seniorslaff ai the and b)" ¢o*ied external apw)inim¢n¢s. Th¢ da}..l￿daY running ofthe Sch￿1 is dtkgated to the SclKxyl Exc￿111¢. The SclKx)l LAt¥lJli%'e (key rnanasemeni) priscs of ihe Headni&sier

)ees ￿ a Tegul* basi5 50 ihai iheif iieiis are tak'en in io ¥¢¢ount in makins drci5ions. ￿h1¢h ar¢ likcl>' to atreei lheir ini¢fcsls. Infornittion 15 Sha￿d i%iih Icaching stAff and ihe SUPPLirt staff on all k-e). Sclwl dci'clopnients and ' foi engaging i*iih.4lumni. 13 BROIISCIROI'E SCHOOL REPORT OF THL GOI'LR%ORS (Coiii•Aued) s"r.4TF%IEliTOF GOI'ER.NORS' RESPOISIBILITIES The CJo%'cTMTrrs l*ho 8re alsoihe In￿te¢S and 4JirecttYs (>f tht Ch¥L￿ble 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 ￿￿v￿ling 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[r￿0￿￿e5. 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 K￿Nsis1¢nI1j': - ob5eTh'e Ihc nicihods and Prin¥ipl¢s in ihe charli￿e5 SORP-. - mak¢judgmenls and acrounling C￿1￿1￿1¢$ 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 si*emeThts 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 rea￿nable 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￿¢r￿NS 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 V￿a￿art- 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¢ Re￿rt 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 Si￿11¢d on its behallb)" PJ C.haiman IINDEPENDEINT.4I'DITORS' RLPORT'fo THE IIEIIBERSOF BROIISGROI'F. SCHOOL OplnloD Il'e ha%'e kudiied the fIna￿￿al 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 RC￿nIng Stsndard 10? Ihe I.1￿1%.*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 ¥T￿p,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 ex￿ndlI￿re. for the >'tar then ended: been pn)p¢rly prepattd in accoAlanie with L"niled kingdom Generall%" Ac¢¢w¢d A¢couniit)g P￿lI¢¢- 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 re4ts1￿m¢nts ihat aTe rtltsant ioour audit of ihe fina￿1•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' for ihe purtM)sts of compan). la￿} ar¢ r¢swnsiblc for Ihe preparaiion of th¢ financial si•iemenlS and for being sa11sf￿￿ the) gii'e a tnje and fair 'icis. and for such inlernalwnErol as IheGO%¢rr￿S dcierminc 15 ncce5&7Th to eTrableth¢ pr¢p2rn1ion of fiMn¢ial siaienienls that are free from moi¢rial misstsiement. iyhtiher due to fra￿d or erny. In prcparing the finan¢ial ststements. Ihe &)ierrM)rs are re5tK)fftsibk for ￿$¢$$ing the group s and the parent ¢harilabl¢ nipany's ability ￿ conlinue as a ¥oing concern. dis¢losin& as applTrcabl¢. matters rel8ied io going con¢¢m and using Iht going conL'em b&si5 of accounting unless ih¢ Goi'ernors either inte￿1 10 liquidaie Ike gn)up or the par¢ni ¢haritAblt company OT to cta5e oper41ions. or have Th) realistic alitrnatii'e b￿t to do so. uditor's reSpO￿51b11lfleS foT the Sudit ofih¢ fip•Acl*l sl*lemewl$ Our obje¢ti%'es are (o obtatn rrdsonable 8ssurnn¢¢ al¥1￿ Thhcthcr thc financsal stalemenls as a fr¢e from m8it¥ial mi$51atemeni, %Yheiherdue to fratsd or errof. andto 155uean 3udiior s rtrM)n ihai includes owiopinion. Rca50nablr a55urdnce is a hi¥h It¥el of assurance. bui is noi a guaranitt thal an audii condu¢i¢d ttl ￿l￿rdanCe Miih ISAS ILFKI I￿11 al￿a)s deielt mai¢rial nii5siaiem¢ni ￿h¢Tr il c¥ists. Nli55taiemenls can ¥is¢ from fra¢￿ or tm)r and are considered n￿lerial if, ib)di%'iduall) or ir* the a88regaie. Ihe). could r¢asoMbl)' be e.Kpccicd ￿ influence ihe ec¢)nomi¢ decisions ofusers iaken on Ihe ba515 ofthe5e find￿191 sthiemenis. A furthtr de%ription of our rest￿￿SibIliti¢5 for lh¢ audTI of lh¢ fi￿an(la1 5talemenls is locaied on the FiTran¥ial R¢p)fling Couniil's Mebsile ai.. ￿￿￿.[[L.0 - Thi5 dt5cripiion fom15 pan of our audilor 5 Tepvrt. Contlusions r¢l•iinR io loini eolletrD Il'¢ ha%¢ noihing10 rtport In rcspeci of the folloihing maners in reloiion 10 ii,hi¢h ihe IS.4s ILIKI reqiiire us to repon ￿ )"ou h¢r¢= Ihe Go%"¢mth5' Usc of the goiTrg concern basis of •¥COUn¢th8 iffi ihe prtparaiion of ihe financial stsiemeDts Is noi appropTiale- or Ihe Goiernors halt not dig105ed ill the finarKiJl 5ts1emtnis an) ideniifi¢sJ mai¢tio1 unccrlailllics that ma). cast Sl8nifiiallt dotsbi aknul the 8roup s or the pattni Llwitsbl¢ cofflp3D¥ s abilit). to continue ￿ adopt lh¢ going concern basi50f accouniift8 for a period of ai lea￿ N"el%'e months from the date i¥hen Ihe financial 518temenis ar¢ auihorised for issuc. 15 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 ap￿arS 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 Inform￿10￿. H'e are Tequir¢d io re￿rt 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 gi*en in th¢ Report of the Go%¢rnors (iihich incorp)raies ihe strai¢gic Ir￿1 and dIT￿l015 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 G0wen￿Ts) 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£ m*ters 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' remU￿r￿l￿n Specified b). la4. are noi mad¢- or e noi recei%'ed all the inforniaiion a￿1 txplanaiions ￿"¢ wequire Cor our audit. U% of our reporl This rfport is mad¢ solely io ihe eharitable Compan￿,% members. as J I￿y. 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 pUryN￿e. 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 l￿d).. 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. Si*tutot)' 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 Endo*mtAIs 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 for*ard (A)ffjJQ718 10.231 41￿.2$5 61.121.254 37.032.428 Fund balintes tarrkd forY*ard £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"ornp*ni' 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 19.711.3*41 110.94? 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 allknb￿d 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: 4￿8121 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: Al￿￿nts 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 NO￿eMber 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.$13.4(M) £4.108.6q4 C-ash ind ¢A51k equli*leot5 tomprlse: Cash ai bank Caih held ai pan of ini¢stmenis 6.380.909 .1!.491 4.034.738 73.916 £6.41 J.400 £4.108.654 RECOjC'II.1.4TION OF NET I%C-O.IIL 'I'O NLT C.45H I%F"LOI%' I'KO.11 OPF.R.IIINC.4("rii'iTIES 21120 2019 Net inconie before in%"estmcnt gains DcpT¢¥iAiion Gain ort dis￿SaI ol- li_xtd a55dS tk¢re&ilS and f¢¢s in wJ%ance D¢¥'r¢as¢ in ¥r¢diroTS Ini'cstwntnl in¥om¢ r¢¥eiiable Iniertst C05t 1119.869 .661 418 4.0? j l_lo -6)8,414 76.-140 119.9441 11.066.374 147.1101 648.91? 1643 !951 1 ?06.£991 166.400 4?9.??? li8.686 Tet cash inllom fn>m operaiions £1 1?4.139 £% 547,879 BRO)ISGROI"E SCHOOI. CONSOLID.4TED C.4SH FLOII. STATEIIENT (eoDilthutdl FOR THF. I'EAR £￿DED3] .4I'GI'.ST 2•20 AIN.11.I-SJS OFCII.4NGES IN )1 ET DEBT C•sh IIOFS Oiher .4¢ 31 .4ugu$i 2020 5￿pIember 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¢p*r*tioo 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 fina￿1￿7 $￿i¢M¢￿lS. H8¥ing ￿%.1e￿ed ihe funding laiilJliCS 2%ailabk to the togethcr wilh ihe a¥iu•I and expecitd on¥oing demand fcir plac¢s and ihe school-s f￿￿re projected Cash t70￿5. and hai ing considered doY+Trside sctn*Kis in¥luding ihc impac¢ of a further i¢rnis closwc ofiht S(hthil. Ihe GoierrKKs haic a rcasvn8bl¢ eip¢ciaiion ihat thc Schwl bas adeguaTe re50UTkes lo conlinue ils &lii iii¢S ihrougknui the C'o%'id-19 ptiiod and forihe fore5ecabl¢ fuiUf¢ and considerihal I￿re wtre no malerial unctrtainties o%¢r Ih¢ s£1K￿l's financial %¥abilil>. .4¥coTdingl)". Ihe). also coniinut &) adopi iht going L￿n(ern basis in preparing thc finan¥i•l stsi¢m¢nts. tinancial ￿alements of ihe Group inLlude ihe rtsulis and b•13nces of ihe SL'hLK)I consolidaied on a linc b)" lin¢ b8>1> Yith Bromsgro%e SclMN)l En1t￿n$t5 Limii¢d and Brornsgro%'c SchLK)l F'oundaiion. In acfoTdanke iiiih s¢cl￿n 408 ofthe Companies Ali 1006. no separait Sial¢mtni of Fina￿la1 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 (L￿mpan) 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 judgenie￿L 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 ei￿rItIKe and oth¢r faLiors (hai are considered io be rtleiani. .4¢iual re$ults ma). difttr from ih¢se e5tirnates The c51iniThies And Lthderli ing aSSUThPiions are reiiuled on #n ongoing basi5. ReNisions lo all￿111111￿8 e51imllit5 QTC reiognised in lh¢ p¢rithl kn ￿hILh ihe t￿lma1¢ is T¢ii5ed if Iht roisK)n aff¢i1S onl% thai pcDc¥J. 01 In the period of ihe Tei'isiun and fulbJf¢ P¢fiods if ihe r￿'1st0￿ alycried cuwr¢ni gnd fuiure petKMJs. In the i.ie*' of lh¢ GoleT￿￿5. fKI a55umwions wncerning the fvture or csiimaiM)n uncenaini!. affeciiny assci> or liabhlilies at the bilance she¢1 dale are lik"el)" to ies¥li in a material adjusinkeni ￿ iheir can>in¥ anK)Dnis in Ihe n¢it financial )car. Thc fo11014ing a¥¢ouniing ￿lICit9 hale been applied cortSislenil} in dealing iiiih iiem5 which ar¢ ¢onsid¢red maierial in r¢laiion 10 ihe SL-hool's financial 5w¢m¢nis. Tr'ee5 and SI￿¥11#r ¢*rntd incoTht Fee5 Tt(cii'ablc ¥harges for seTh ires and w of the prtmise& less an)" alloi%ances. Siholarship& bursaries 8ranlcd b) lh¢ Sch£￿71 agaipst ihose fees. bui including th)niribtsibons receiied from r¢siri¥i¢d fund% are xcounied for in ifve period i vhith ihe ser%ice is pro1.￿¢￿. InitSfm¢ni incornt Iniesinirnl tn¥Olll¢ Iri)m di%'idend5. bank" balaN¢s athd fi.led inlere5t securiiies is ac¢ouffled foron an accruals basis. Dooilion5. leeacifS. gr*ttts atttl oiber iolunlan Income 'oluntarn inLiime li &iounl¢d Ii?r as 2nd iih¢n Iniiil¢m¢nl arises. the aThunl can be i¢li•bl! quoniified and thc economi benefil 10 ihe Sch￿1 is ionsi¢Jered p￿)babIe. Grani incornL from ihe CoTona%'iFUS Job Rd¢#iion Scheme hs rtcogrJi5ed in lh¢ same period as the related eniploi menl ¥OSl> in¥urred. 'olunian' in¢onie flir ihe Sch￿1.$ ¥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 fu￿d. 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¢n*d as as a liabiliii" is probable. di$￿￿￿Ted io presenl ialue for lOn￿l-1¢mi liabil*iies. Expenditure aiiributhble to nM)re than one cost rat¢goo' in the Siatsrneni of FIDancial ..lilii"iiies is apwnioned 10 Ihcm on lh¢ ba51$ 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 Incl￿ded 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 t￿luded from trading iTr¥onit and e¥pcnditure. T*Ngibl¢ 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 brI￿Cen IO•o and 33.34• on ¥XISI. o dewrfialion is Pro￿ld¢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 cornme￿erncnl of dep￿¢S￿l0n 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 all￿ated io the appTopriak Fund ac((wding lo tk"ownership" of ihe underl)'in8 asseis. Sio¢k SIL*k ttpresents 8oods for resale ar￿ is %altted ￿ the of CO￿ al￿ realisabl¢ value. In4ll¢i*l lll5trurntnts Bdsic finxncial I￿5([u￿tnts 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 de￿or% other dtbiofS. a¢itvtd i￿￿T￿¢ and amounis oi%ed b) group undcrtakin8S. Il st￿lf1¢ 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 Co￿prIse dew>5its, ftts in adlance. trJde credi￿rS, other ¢redilor5 and amounis 0￿ed 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 FOR TFIF. I'E.4R ENDEDJI .4I'GI',ST 2•20 Endommwl Trund5 Tht S￿"Itty ofFriends Fund.. Thi5 i¢pf¢>¢lliS pernianent tr￿0￿7￿¢￿1 fund) held under a Charil). Cornmi55ion S¥'h¢m¢ i*here the income is io be applitd further ihe chariiabl¢ of Brom5yth¢ S¢lKXA. Dalid M'alters Fund= This r¢pr¢sents pe￿anen1 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 FU￿15 Re>lricl¢d fulld5 art fuNts which are ￿ be in a¢'¢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 [¢mUrt￿lOn e¥'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)" rnanagfmr￿1 w*nn¢l £814.639 £766.753 'eiiher the Goiernor& rtor petsons conned¢d with rhern re(ti%cd an). remurteraiion from Ihe kknl. Reimbursed exper￿eS lotallin¥ £744 ￿tre rrieiitd b). Ihree GLINerrK)rs for tra%¢1 and Irabning expcnses 12019= £1,446 10 six G￿en￿)[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>' Tr*ding Compan!. T￿1 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 Dispo￿5 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 Gro*p: Balance ai 31 Awgust •019 Addilions Disposals la￿agEment 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 Bala￿e at 31 .Iu8llSt 20•0 £5.56$ 874 £132,491 £5.698.365 School Bèlance ai 31 .1ugu￿ 2019 AdditlOD5 DIS￿SaI5 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 Ellit￿ristS Limiltd. iiknse prittcipal o¢tii'ill¢S are (￿mmeri1a1 letting& operating a ￿h0o1 5￿P and adminisierine the School's int¢maiional a¥iiiities_ This ini'esim¢nt is held ai nil lalue in lh¢ finarKial sts1¢n￿n¢5. A summary of Ihe balanie sheti and profil and loss a¢¥ouni from ihe ￿di(¢d rim￿1&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$4.689 891.406 £9,711.1•4 f10.952.147 £9.649.1 £0 £10,868.786 CREDITORS: •mw#ts f*lliAi doe gfter more i￿rt one i'e*r Group ind Char*). 2020 2019 Bank. loatts Finance Ica5e Pupil dew)sils 8.014,2.11 4.406,815 3,?81.156 3.087,163 11.330.608 £7.546,!16 D¢thils of abo%'e loan$ are 4s follo￿$.. OwslandiTrg balance of £327.7$9 iyhich is U￿5¢¢￿Ted. Rep•yrnenlS ii.hich commenced on Y) June 2005 ar¢ mad¢ qu￿¢rE). aThJ coniplele on JO June ?0?6. I￿tel¢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 ]•. ou1￿anding 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 0.71Pi*Ql"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. OUtsia￿dIng 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_?•. Ou151a￿ding 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. I￿teres( 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 B*l*nee I September 2018 B*lince 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 G*ins 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 El￿ndi1Ure 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 F￿nd Ro8er Brazier Fund £.251 5.0 £10.2il £10,251 Bglgnre I Sew¢ffjb¢r 2018 B*lxTrr¢ JI ,lugb5t 2019 ¢¢ Inton Ind g*l•s Tr•Bsfers John Nicholls Fwid Roger Bwier Fund 5251 5,271 5,000 10,2$1 £10,251 The Ni¢holls FUNJ rep￿Sents A ksac> T¢￿1￿ed to 5UPPOrt child￿0 und¢n¥king e%pedilion5 or Ould￿)r The Roger B￿ler Fund rtpreseTrts • d￿all0￿ 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}I￿R01.£ 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 wo￿lded 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 P￿ab]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 lnior￿Praied 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 FI￿anCial .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 T￿al 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