THE RORY AND ELIZABETH BROOKS FOUNDATION
AUDITED
TRUSTEES
REPORT &
FINANCIAL
STATEMENTS
For year end 31st January 2024
Registered number: 05333422
CHARITh NUMBER: 1111587

THE RORY AND ELIZABETH BROOKS FOUNDATION
A company limited by guarantee
CONTENTS
PAGE
Reference and administrative details of
the Charity, its Trustees and advisers
Trustees report
Independent auditors report on the
financial statements
7-10
Statement of financial activites
Balance sheet
12
Statement of cash flows
13
Notes to the financial satements
14-23

THE RORY AND ELIZABETH BROOKS FOUNDATION
A company limited by guarantee
REFERENCE AND ADMINISTRATIVE DETAILS OF THE
CHARITY, ITS TRUSTEES AND ADVISERS
For year end 315t January 2024
Trustees
E Brooks
R Brooks
BJFury
R Eastmond (appointed 30 November 2023)
Company registered
number
05333422
Charity registered
number
1111587
Registered office
Suite 104
14 Hanover Square
London
W1S 1HN
Independent auditors
BKL Audit LLP
35 Ballards Lane
London N3 1XW
Bankers
Coutts Bank
440 Strand
London
WC2R OQS

THE RORY AND ELIZABETH BROOKS FOUNDATION
A company limited by guarantee
TRUSTEES REPORT
Foryear end 31stJanuary 2024
The Trustees present their annual report together with the audited financial statements of the Charity for the year
1 February 2023 to 31 January 2024.
The annual report serves the purposes of both a Trustees. report and a directors. report under company law. The
Trustees confinm that the annual report and financial statements of the charitable company comply with the
current statutory requirements. the requirements of the charitable company's goveming document and the
provisions of the Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in
aGcordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102)
(effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of
medium and large companies under the Companies Act 2006 (Strategic Report and Directors. Report)
Regulations 2013 has been omitted.
OBJECTIVES AND ACTIIIITIES
The objectives of the Charity as set out in its goveming document are:
To promote and advance education, medical research. healthcare, community care, arts and culture and such
other exclusively charitable causes in such places wherever in the wodd as the directors may in their discretion
determine. Within this scope the Charity's grant-making is currently focused primarily on education. arts and
culture and disadvantaged youth.
The Rory & Elizabeth Brooks Foundation exists and operates for the public benefit. Its main activity is the award
of grants to charities registered in England and Wales. Further description on how grants are awarded are
detailed below.
The Charity has no volunteers, other than those serving as Trustees.
The trustees confimi they have referred lo the guidelines contained in the Charity Commission's general guidance
on public benefit when reviewing the charity's aims and objectives. considering grant awards and managing the
charity's assets.

THE RORY AND ELIZABETH BROOKS FOUNDATION
A company limited by guarantee
GRANT-MAKING POLICY AND OBJECTIVES
The Rory & Elizabeth Brooks Foundation's geographic area of focus is the United Kingdom. however, grants may
be made to UK charities and educational institutions operating in the UK and elsewhere in the world.
The Trustees, experience has been that their philanthropic contribution has been most useful where they are able
to engage personally beyond the Foundation's financial contribution and they have provided practical support, as
trustees and advisors. of many of the organisations they support. This approach means that they tend to remain
engaged long-term with their grantees - as is reflected by the list below of key grants made during the year.
The charity takes a proactive approach to identifying organisations and projects and is unable to consider
unsolicited applications. This approach frts with the charity's decision to award a small number of grants each
year where it feels it can make an impact, and to maintain a limited administrative function.
Throughout the year. Trustees engage with past and present grant-holders and others working in the sector to
learn about new opportunities and organisations meeting critical social needs. The Trustees seek to make good
use of their freedom and independence to fund new ideas and experimentation, even when there are risks and
outcomes are uncertain and seek to build a relationship of mutual trust with grant-holders by acting with
openness. transparency and respect for their expertise and time. The Trustees are supported in their work by
advisory relationships with Greenwood Place and Bridget Fury.
GRANTS
During the year ended 31st January 2024. the charity made payments to 19 UK charitable organisations totalling
£377.116.
Grantees during the year included=
THE NATIONAL GALLERY'S ARTICULATION PROGRAMME
ARTiculation is a national public speaking initiative championing the
appreciation and discussion of art. It enables a wide range of students
aged behveen 14 and 23 to develop critical thinking, analysis,
presentation and public speaking skills through a series of workshops to
deliver the annual ARTiculation Prize. Over 4,000 young people take part
in ARTiculation events every year. ARTiculation was originally
established in 2006 by the Roche Court Educational Trust. In 2022 the
National Gallery became the new home of ARTiculation where it has
quickly become a key part of the National Gallery's work to reach out to
communities around the UK. The Trustees have been delighted to walk
alongside ARTiculation during this transition phase.
)1

THE RORY AND ELIZABETH BROOKS FOUNDATION
A company limited by guarantee
CREATE
The Trustees began a new partnership in 2023 with arts Gharity Create.
Create's work targets those fvrthest from arts engagement. Its
participant-centred approach operates right across the creative arts,
delivering bespoke projects in partnership with a large and diverse range
of local organisations (such as Age UK, Carers Trust, South London and
Maudsley NHS Trust) that are impactful and inspirational. All projects are
run by professional. highly experienced artists supported by a dedicated
Create project manager.
QUINTESSENTIALLY FOUNDATION
Quintessentially Foundation is a grant-making and awareness-raising
charity that has provided over £14m to 50 aspiring charities including
The Felix Project. Greenhouse Sports and The Rugby Portobello Trust.
Funds have typically been raised by events including the annual Bike
Ride and The Fayre of St James. In 2022, the charity refoGused its
efforts - launching the Firefly Project to find and fund small but ambitious
and scalable frontline charities that support children living in
disadvantaged communities. Quintessentially Foundation aims to provide
these charities with both funding and further assistance to allow them to
grow, deepen their footprint and reach more people in need of their
seNices.
TATE
The Brooks Intemational Fellowship programme at Tate, now in its tenth
year, enables fully-funded curators, researchers, art historians or
other museum professionals to work with Tate colleagues for six months
on designated projects at Tate while participating in a residency at
Delfina Foundation.
INTOUNIVERSITY
Intouniversity is a leading national charity supporting young people from
disadvantaged backgrounds to succeed in school and attain either a
university place or another aspiration
be that an apprenticeship or a
vocational qualification. Intouniversity operates a nationwide network of
community-based learning ￿ntreS supporting students aged from 9 to
18. Academic attainment is a crucial factor in determining the options
available to young people when they leave school. Young people have
SLrffered severe leaming loss as a result of school closures, and those
from disadvantaged backgrounds have been among those hardest hit.
Core to its model is the belief that underachievement is best addressed
in the context of long-temi pastoral engagement.

THE RORY AND ELIZABETH BROOKS FOUNDATION
A company limited by guarantee
UNIVERSITY OF MANCHESTER
During the year. the Trustees and their advisor Bridget Fury spent time
exploring the potential for a major gift to the University of Manchester's
Global Development Institute. The gift. which was made in March 2024,
will enable the University of Manchester to deliver an ambitious
programme of work aimed at redefining the role of global development
research in the 21st Century, supporting the GDI'S overarching mission
of addressing global inequalities and promoting a socially just world for
all. The gift aims to build equitable partnerships between the GDI, one of
the foremost development studies research institutions globally and
Universities across the developing wodd. The GDI aims to reshape. and
lead by example. the way that leading North-based universities work with
Global South partners to ensure knowledge creation is co-created.
Activity funded by the gift includes a new policy lab - aimed at translating
academic research into policy change
and the creation of new PhD
studentships focused on climate change and poverty reduction.
I'l.T.
The Charity understands its key perfonnance indicators through the grants it makes (19 grants during the financial
year) as well as the positive impact that its grantees report that they are able to have in society. Partnership is a
key value for the Trustees and hence the Trustees regularfy review the value that they feel they are able to
provide to their partners.
The Charity does not conduct any extemal fundraising. The Charity's funds are donated by the Trustees and Gift
Aid is claimed where appropriate.
FINANCIAL REVIEW
Income for the Year totalled £1,032,633 (2023= £1,125.000) being entirely unrestricted funds. Expenditure was
£456,831 (2023.. £334,098) being £66,877 (2023: £32,500) of direct costs, £377,11612023'. £299,205) of grant
expenditure and £12,838 {2023: £2,393) of support costs. All expenditure was unrestricted. Funds Ca￿led forward
at the Year End totalled £2,229.610 (2023: £1.653.808). all of which are unrestricted.
The balance sheet shows totsl reserves of £2,229.610 which are sufficient to meet all known or anticipated
commitments. They are not subject to any restrictions and are all free reserves available to be spent on the
charity's activities. The trustees, policy is to hold sufficient cash to sustain the current level of grant-making to
beneficiaries and to meet all liabilities that are known or can be reasonably anticipated.
The Trustees regulady assess the major risks to which the Trust is exposed, in particular those relating to the
Charity's grant-making activities and its finances. The Trustees believe that by monitoring reserve levels, by
maintaining the input of external professional advisors and by building and maintaining strong. open and honest
relationships with its grantees, they have established effective systems to mitigate those risks. Grants are made
only when finances to fully support those grants are available.

THE RORY AND ELIZABETH BROOKS FOUNDATION
A company limited by guarantee
Key principal risks and the steps taken to mitigate these risks include the following=
The Trust operates a grant-making policy and reviews its key grant relationships annually to ensure that all grants
made are both appropriate and effective. The Trustees and their advisors undertake research and due diligence
on new potential grant recipients. which indudes a review of the organisation's finan￿S and operations in
addition to in-person or telephone meetings with the leader of the organisation to discuss the aims and objectives
of the grant. Ml grant recipients are asked to report at least annually on their progress. including both successes
and challenges and informal discussions take place as necessary throughout the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Rory and Elizabeth Brooks Foundation is registered as a charitable company limited by guarantee as
governed by its Memorandum and Articles of Association.
Trustees are recruited by the existing trustees and appointed in compliance with the Memorandum and Articles of
Association. None of the Trustees has any benefiaal interest in the company. Any new trustees will receive the
relevant training to fulfil their area of responsibility.
All of the Trustees are also members of the company and guarantee to contribute £1 in the event of a winding up.
The Trustees deal with all aspects of the operation of the charity. They are in charge of directing and controlling
the charity's resources. policies and strategic direction. They are assisted in their duties by Greenwood Place.
None of the Trustees received any remuneration or reimbursement of expenses in connection with their duties as
Irustees or their work as key management. One of the Trustees, Bridget Fury. provided professional services to
the charity during the year relating to the administration of the charity. Rebecca Eastmond is a director of
Greenwood Place. which also provided administrative Se￿ices.
In the year ended 31st January 2024. the Trustees made grants to Intouniversity and to Quintessentially
Foundation where Rory Brooks cu￿entlY serves as a Trustee.
PLANS FOR FUTURE PERIODS
The Trustees plan to continue their grant-making over the coming years. In particular, the Trustees have been
investigating how they can most effectively support work at the intersection of arts and social justice and more
and better teaching of arts and culture. Further. the Trustees are in discussions with the University of Manchester
to extend their long-running engagement with that institution in the field of global human development. The
Trustees are also considering the appropriate level of funding required for the Charity to meet these objectives.
Approved by order of the members of the board of Trustees and signed on their behalf by:
R H Brooks (Trustee)
Date..
0410612024
Ekook
E Brooks (Trustee)
Date..
1710612024

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE RORY AND ELIZABETH BROOKS
FOUNDATION
Opinion
We have audited the financial statements of The Rory and Elizabeth Brooks Foundation (the 'charitable
company,) for the year ended 31 January 2024 which comprise the Statement of financial activities, the Balance
sheet, the Statement of cash flows and the related notes. including a summary of significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, induding Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charitable company's affairs as at 31 January 2024 and of its
incoming resources and application of resources, induding its income and expenditure for the year then
ended.,
have been properfy prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordan￿ with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material Un￿rtaIntieS relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page 7

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE RORY AND ELIZABETH BROOKS
FOUNDATION (CONTINUED)
Other infonnation
The other information comprises the information included in the Annual report other than the financial
statements and our Auditors, report thereon. The Trustees are responsible for the other information contained
within the Annual report. Our opinion on the financial statements does not cover the other information and,
except to the extent otheNise explicitly stated in our report. we do not express any form of assurance
conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial statements or our knowledge obtained in the course
of the audit, or otheNise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements. we are required to determine whether this gives rise to a material
misstatement in the financial statements themselves. If. based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if. in our opinion..
the information given in the Trustees, report is inconsistent in any material respect with the financial
statements., or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of
the charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is ne￿SSary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disdosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to
cease operations, or have no realistic altemative but to do so.
Page 8

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE RORY AND ELIZABETH BROOKS
FOUNDATION (CONTINUED)
Auditors. responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error. and to issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are InStan￿S of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detsiled below..
Enquiring of management around actual and potential litigation and claims.
Reviewing board meeting minutes of meetings of those charged with govemance.
Reviewing financial statement disclosures and testing to supporting documentation to assess complian
with applicable laws and regulations.
Performing audit work over the risk of management override of controls. including testing of journal entries
and other adjustments for appropriateness, evaluating the business rationale of significant transactions
outside the normal course of business and reviewing accounting estimates for bias.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional
s￿pticISM throughout the audit. We also=
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, design and perform audit prO￿dureS responsive to those risks. and obtain audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion of the
effectiveness of the charitable company's intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the Trustees.
Conclude on the appropriateness of the Trustees. use of the going con￿rn basis of accounting and,
based on the audit eviden￿ obtained, whether a material uncertainty exists related to events or
conditions that may cast significant doubt on the charitable company's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required to draw attention in our
Auditors, report to the related disclosures in the financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the
date of our Auditors, report. However, future events or conditions may cause the charitable company to
cease to continue as a going COn￿M.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the undedying transactions and events in a
manner that achieves fair presentation.
Page 9

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE RORY AND ELIZABETH BROOKS
FOUNDATION (CONTINUED)
We communicate with those charged with g0Veman￿ regarding. among other matters, the planned scope and
timing of the audit and significant audit findings. induding any significant deficiencies in internal control that we
identify during our audit.
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state
to the charitable company's trustees those matters we are required to state to them in an Auditors, report and
for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to
anyone other than the charitable company and its members, as a body. for our audit work, for this report, or for
the opinions we have formed.
BKL AMJ6frLLI
BKL Audit LLP
35 Ballards Lane
London
N3 1XW
Date: 1710612024
BKL Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page10

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Investments
1.000,000
32,633
1.000,000
32,633
1, 125,000
Total income
1,032,633
1,032,633
1, 125,000
Expenditure on:
Charitable activities
456,831
456,831
334, 098
Total expenditure
456,831
456,831
334, 098
Net movement in funds
575,802
575,802
790, 902
Reconciliation of funds:
Total funds brought fomard
Net movement in funds
1.653,808
575,802
1,653,808
575,802
862, 906
790, 902
Total funds carried forward
2,229,610
2,229,610
1, 653, 808
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 14 to 23 form part of these financial statements.
Page11

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
REGISTERED NUMBER: 05333422
BALANCE SHEET
AS AT 31 JANUARY 2024
2024
2023
Note
Current assets
Debtors
437.004
1,802,206
244, 400
1,419,008
Cash at bank and in hand
2.239.210
1, 663, 408
Creditors.. amounts falling due within one
year
10
(9.600)
(9, 600)
Net current assets
2.229,610
1,653,808
Charity funds
Unrestricted funds
11
2,229,610
1,653,808
Total funds
2.229,610
1,653, 808
The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtsin an audit for the year in question in accordance with section
476 of the Companies Act 2006.
However, an audit is required in accordan￿ with section 144 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordan￿ with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
R H Brooks
(Trustee)
Date: 0410612024
The notes on pages 14 to 23 form part of these financial statements.
Page 12

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2024
2024
2023
Cash flows from operating activities
Net cash generated from operating activities
350.565
553, 102
Dividends, interests and rents from investments
Proceeds from sale of investments
32,633
1,000.000
(1,000,000)
Purchase of investments
Net cash provided by investing activities
32.633
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
383,198
553,102
1,419,008
865,906
Cash and cash equivalents at the end of the year
1,802.206
1,419,008
The notes on pages 14 to 23 form part of these financial statements
Page13

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019). the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Rory and Elizabeth Brooks Foundation meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially recognised at historical cost or transaction value unless
othe￿iSe stated in the relevant accounting policy.
1.2 Going concern
The Charity has minimal fixed costs. with the main source of expenditure being grants made to the
school which can be made at the discretion of the Trustees. Furthermore, the Charity had a healthy
cash balance at the year end. Therefore. the Trustees deem it appopriate that the accounts are
prepared on a going concern basis.
1.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
1A Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third paty. it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each acb'vity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned be￿een those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity- this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
Page 14

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Accounting policies (continued)
1.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
1.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
1.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Donations
1,000,000
1,000,000
Page15

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Income from donations and legacies (continued)
Unrestricted
funds
2023
Total
funds
2023
Donations
1, 125,000
1, 125,000
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Interest income
32,633
32,633
Anatysis of grants
Grants to
Institutions
2024
Total
funds
2024
Supporting good causes
377,116
377,116
Grants to
Institutions
2023
Total
funds
2023
Supporting good causes
299, 205
299, 205
The Charity has made the following material grants to institutions during the year..
Page 16

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Anatysis of grants (continued)
2024
2023
Name of institution
Justice and Care
10.000
50,000
25.000
8,491
10.000
5,000
17.570
20,000
5.000
9,000
25.000
10,000
5.000
12,000
114.505
40,000
Quintessentially
Prism the Gift Fund
50,000
New York Pops
National Gallery
The Whitley Fund
The Wallace Collection
10,000
5,000
Rugby Portobello
The Southbank Centre
4, 750
The Delfina Foundation
Create
The Grove Trust
10,000
South London Gallery
British Council
Tate Foundation
114,505
80,000
1,000
10,000
9,000
250
Intouniversity
St Edmunds Society
The Atlantic Partnership
Roundhouse Trust
Roche Court
366.566
294,505
other grants to institutions
10.550
4, 700
377,116
299, 205
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2024
Total
2024
Supporting good causes
456,831
456,831
Page17

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Anatysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
Unrestricted
funds
2023
Total
2023
Supporting good causes
334, 098
334, 098
Anatysis of expenditure by activities
Activities
undertaken
directly
2024
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Supporting good causes
66,877
377,116
12,838
456.831
Activities
undertaken
directly
2023
Grant
funding of
activities
2023
Support
costs
2023
Total
funds
2023
Supporting good causes
32,500
299.205
2, 393
334, 098
Anatysis of direct costs
Supporting
good
causes
2024
Total
funds
2024
Consultancy
66,877
66.877
Page18

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Anatysis of expenditure by activities (continued
Anatysis of direct costs (continuedl
Supporting
good causes
2023
Total
funds
2023
Consultancy
32, 500
32, 500
Anatysis of support costs
Supporting
good
causes
2024
Total
funds
2024
Bank charges
Accountancy fees
Travel costs
532
9,600
2,706
532
9.600
2,706
12,838
12,838
Supporting
good causes
2023
Total
funds
2023
Computer costs
Bank charges
Accountancy fees
Governan￿ costs
1,600
143
1,600
143
(9, 600)
10,250
(9, 600)
10,250
2,393
2,393
The governance costs are comprised of the audit fees for the year as well as fees associated with the
preparation of the statutory accounts.
They also contain costs associated with payments to Harfey Street Registrars, who provide corporate
secretarial seNices.
Page19

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Auditors. remuneration
2024
2023
Fees payable to the Charity's auditor for the audit and preparation of the
Charity's annual accounts
9,600
9,600
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 January 2024, no Trustee expenses have been incurred (2023 - £NIL).
Debtors
2024
2023
Due within one year
Other debtors
Prepayments and accrued income
Gift aid recoverable
14,400
5,000
225,000
12,004
425,000
437,004
244,400
10. Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
9.600
9, 600
Page 20

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
11. Ststement of funds
ststement of funds - current year
Balance at 1
February
2023
Balance at
31 January
2024
Income Expenditure
Unrestricted funds
General Funds- all funds
1,653,808
1,032,633
(456,8311 2,229,610
ststement of funds - prior year
Balan￿ at
l February
2022
Balan￿ at
31 January
2023
Income Expenditure
Unrestricted funds
General Funds- all funds
862, 906
1, 125,000
(334,098)
1, 653, 808
12. Summary of funds
Summary of funds - current year
Balance at 1
February
2023
Balance at
31 January
2024
Income Expenditure
General funds
1,653,808
1,032,633
(456,831
2,229,610
Summary of funds - prior year
Balance at
1 Febniary
2022
Balance at
31 January
2023
Income Expenditure
General funds
862, 906
1, 125,000
(334,098)
1, 653, 808
Page 21

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
13. Analysis of net assets between funds
Anatysis of net assets between funds - current year
Unrestricted
funds
2024
Total
funds
2024
Current assets
2,239,210
(9,600)
2,239,210
19.600)
Creditors due within one year
Total
2,229,610
2,229.610
Anatysis of net assets between funds - prior year
Unrestricted
funds
2023
Total
funds
2023
Current assets
Creditors due within one year
1, 663, 408
(9, 600)
1,663,408
(9, 600)
Total
1, 653, 808
1, 653, 808
14.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Net income for the year (as per Statement of Financial Activities)
575,802
790,902
Adjustments for:
Dividends, interests and rents from investments
Increase in debtors
Increase in creditors
(32,633)
1192,604)
(244,400J
6,600
Net cash provided by operating activities
350,565
553, 102
Page 22

THE RORY AND ELIZABETH BROOKS FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
15. Anatysis of cash and cash equivalents
2024
2023
Cash in hand
1,802,206
1,419,008
Total cash and cash equivalents
1,802.206
1,419,008
16. Anatysis of changes in net debt
At1
February
2023 Cash flows
At31
January
2024
Cash at bank and in hand
1,419.008
383,198
1,802,206
1,419.008
383,198
1,802,206
17.
Related party transactions
During the year, £30,000 was paid to Bridget Fury Limited and £43,881 was paid to Greenwood Place
Limited. These are both companies of which one of the Trustees is a director for consultancy servI￿s.
£Nil was owed at the year end.
During the year a grant of £40,000 (2022: £80,000) was made to Intouniversity, a charity with a Trustee in
common. A grant of £50,000 (2022.. £50,000) was also made to Quintessentially Foundation during the
year, a charity with a Trustee in common.
During the year, £550,000 was donated to the charity by Roderick Brooks, a Trustee of the charity.
Page 23