THE RORY AND ELIZABETH BROOKS FOUNDATION AUDITED TRUSTEES REPORT & FINANCIAL STATEMENTS For year end 31st January 2026 Registered number: 05333422 CHARITY 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 3-10 Independent auditors report on the financial statements 11- 14 Statement of financial activites 15 Statement of financial position 16 Statement of cash flows 17 Notes to the financial satements 18-24
THE RORY AND ELIZABETH BROOKS FOUNDATION A company limited by guarantee REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS The trustees, who are also the diTeclors for the puYpo$&s of company law. present th&ir report and the financial siatements of the tharity foT the year ended 31 January 2026. REFERENCE AND ADMINISTRATIVE DETAILS TrustO0$ The Rory & Elizabeth Brooks Foundation Trust••s Elizabeth Brooks Rory Brook$ Brid9et J Fury Rebecca Eastmond Company registered number 05333422 Charity rogistored numbor 1111587 Registered office Suite 104 14 Hanover Square London W1S 1HN Independent auditors Clements Jones 1 Picton Lane Swansea SA1 AF
THE RORY AND ELIZABETH BROOKS FOUNDATION A company limited by guarantee TRUSTEES REPORT Foryear ènd 31st January 2026 STRUCTURE, GOVERNANCE AND MANAGEMENT T Rory & Elizabgth Brooks Foundation is rg9iStered as a Char[tab company limitad by guarant#• as govemed by its Memorandum and Artides of Assouati¢)n. Trustees are recruited by th• •xisting tJ$tS and appointsd in compliance with thg Memorandum and Articlos of Association. Nono of thè Trust••s has any bèneficial interest in thè company. Any new Ttee5 will r•c•ivo th8 relevant trainin9 to fulfil their area ol respgnsibilty. Al of th• Tru3teey are a150 mtmbèrn of the company ¥nd gu4rantee to contril)ut• £1 in the ewnt of wnding up. The Trust•e$ deal with all aspects of th• operation of the charity. Th•y ar• in tharge of direrting and c¢)ntrolling th• charity's rgsourcès, F)olici•s and stratsgic direction. They ar• assisted in their duties by Greenwood Place and Bridget Fury knmit•d. None of the Trust¢¢s iec•iv•d any direct remuneration or r•imburs•m•nt of expen5e5 in connoction with thgir duties a$ Trustee5 or th•ir roles as key managem•nL How•v•r. Trustee5, Brid9•t Fury and Rebecca Eastmond, are dirèctors of companies Bridget Fury Limited and Greenwood Place respectively whieh provided professional sèrmces to the charity during th• y•ar and r•cei¥ed remunèration for those $ervice$. The objethvèj of th• Foundation, as set out in it5 gov•ming document are: To promots and advanc• •ducation. medical research. h•althure, commuftity car•, arts ènd culture and such other •xdUsiIY chari(able causes in suth plac•s. wherever in the world. a5 th• directors may in their discrètlon determine. Within this Kope. the Foundation's grant4))aking is currentty focus•d primarity on education. arts and ¢ultur8 and disadvantaged youth. The Rory & Elizabeth Brooks Foundation exists and ¢)perates for the public ben•fiL Its main artivity is thè aware of grant5 to chaTit¥e5 r•gistored in England and Wales. Further description on how grants are awarded is detailed below. The Foundation has no voluntsers. other than those setying as Trustees. The Trustees confirm they have referred to th• guidelines contained in th• Charity Commissbon's general guidance on public bentrfit when reviewing tho charity's aims and objectiv•s. consKlering grant award5 arbd managing the foundation'5 a55ats. STRATEGIC REPORT The folloMng sections for achievements and performance and financial review fom the straiegic report of the tharity.
THE RORY AND ELIZABETH BROOKS FOUNDATION A company limited by guarantee GRANT-MAKING POLICY AND OBJECTIVES The Rory & ElYLabeth Brooks Foundation 15 an independent grant-making charity seeking to support organisations delivering tharitsble projects 015ignificant public benefit in a cost effective way. Thè Charity's geographic area of focus 1$ the United Kingdom: however. grants may be made to UK charitits and educational institutions operating in the UK and elsèwhere in the world. Th• Truste•s' txperience has been that th•ir PhiLthrOp1C contiibution has been m05t useful where they are able to èngage personally beyond the Chèrity's financial contrikniion and they have provided practic81 supporL as liust$ and advisors. to many of the organisations they 5UPPOrt. This approach means that th8y tend to remain ongagod lon9.tgrrn with thèir 9rantees - as is reflerted by the list below of key 9rants made during the y8ar. Th8 Charity takes a proactiv• approath to idgntifying organisation$ and projects and is unable to consider unsolicited applications. This approath ffits with the Ch3rty's decision to award a small numbor of 9rant5 each year where it feels it can make an impa¢t, and tc* maintain a limited administrativ• function. Throughout the year. Trust••s •ngag• regularty vrith past and present grant-hold•rs and others working in the S•Ctor to learn about nèw opportunities and organisations meeting critical social needs. The Trustees sèèk to make 9ood vse ol thèir adOM and independence to f)d new ideas and èxpèrimgntation. even when there arè risks and outcomes arè unc•rtain and seek to build a r8lationship ol mutual tnJst with grant-holders by acting with openness. transpar•ncy and r95Pert for th•tr èxpertise and tim•. Th• Trustee$ arg 5UPPOrtad in th•ir work by adsory relationships wlth Gr9envQd Place and Bridget Fury. CryRANT.q During th¢ year th• Charity made payThnts of £10.OW or more to 14 (2025: 131 Chariti. Strategic gifts were made during the year to organisalions including- UNIVERSITY OF MANCHESTER In March 2025 the second instalm•nt of a major gift was mado to the Global Dwelopment Institute at th• UnNersty of Manchestèr IGDII. The gift. whsth builds on a longstsnding rèlationship between the Charity and the Vnivetsity of Manchester. will delIr an ambr(ious programme of work aimed at rèdefining the role of global development research in the 21st Century. supporting the GDI'5 overarching mission of addressing global inequalities and prornoting a socially just world for all. The gift to build equitsble partnerships between the GDI, one of the foremost development studies rosèard) institutions globalty. and Unwersitie5 across the global South 19lobal majorty nations. The GDI aims to reshape. and lead by example. the way that leading North-based universities work vAth Global South partners to en5ur• knowledge creation is ¢04rÈated. Activty funded by the gift indudes a new policy lab - aimed at tranating academic res•arth into policy change - and the creation of new impact PhD studentship5 foeused on climate chang¢ and poverty redLkction. Itiii iii
THE RORY AND ELIZABETH BROOKS FOUNDATION A company limited by guarantee TATE Tate is thè UK'S national institution for British and international modem and contefflporary art. Since 2014. the Trustees have supported the Br¢wks Intemationèl Fellowship Programme at Tate, in partnership with Delfina Foundation. The Fellowship funds two curators. researchers. art historians. or other museum professionals with a 5ix-month r85idency programme that. $0 far has enabled tr4enty-four professionals to contribute to Tate's work in curatorial research. learning, conservation, digital practic• and visitor communications. The 2025 Fellovés wèr• eurator Youngghin Yook- Wh work has supported Tate'5 ambition to èxpand tt5 ink collertion - and rarcher Bruno Alvez de meIda- who c¢113borated with Tate St Iv•s to support thg developmant of its r•sideney-based Artists Programm. INTOUNIVERSITY Intouniversty is a leading national charity supporting youn9 p•ople from disadvantsged backgrounds to succeed sn school and attain either universty place or another aspiration- be that an appr•nti¢•ship or a vocational qualification. IntoUniv•rsity operates a nationwid• network of 50 communityased1gaming c•ntres supporting stud•nts ag•d from 9 to 18. Academic attainment is a cnjcial faCr in d•t•nnining the options available to young p6ople when they lea sch¢)ol - more thJn doubling ihe university pro9ression rate for stud•nts frorn disadvantaged backgrounds. Young people suffèred severe learning 1055 as a r•sult of xhool dosur•s, and those from disadvantaged backgrounds have been among thos• hardest hits. Corè to its model is the beliaf that underachievement 15 $t addressed in th8 cont•xt of long-term educational and pastoral engagèment. QuNESSENTIALLy FOUNDAMON Quintessentially FoundatiC*n is a 9rant-making and awarangss raising charty WOTking to find and fund Small but ambttlous and $calable frontline charttiès that support ehik4ren living in disadvantaged communities. Quintessentially Foundation's aim is to providè these charities with lunding further. tsrgeted assistance drawn from the trustees. broad corporate and indiwdv81 relationships.
THE RORY AND ELIZABETH BROOKS FOUNDATION A company limtted by guarantee csj The CSJ Foundation champion5 the wod( of frontline gra55roots charitsos, gives them a voice to help shaptr national policy in Woslminster, and prowdes a bridge to philanthropists looking to increase the impact of thesr support. Sinc• its Creation in 2021. the Foundation has dir8Ct8d over £18 mi1150n in philanthropic frJndin9 to hundred$ of small charitie5 acr055 th• UK tscIng poverty at a community level. The Trustees were paFticulady delighted this y•ai to see the formation ol a new partnership befv4een CSJ Foundaiion and UK Acumen Academy to support the leaders of the small charities in the CSJ Alliance of ¢)v•r 9CO or9anisations in their personal development and re5ilienc•. CREATIVE ARTS Thè Trusteés have developed a strategic gra#t-making theme to SLtpport 3 srnall number of key partners who r• •nhancing wellbeing and prospects through th• ueative art3 in partnership with communitl8s. Grants made within this theme included.. THE NAnoNAL GALLERY'S ARncuLAnoN PROGRAMME Articulation is a national public speaking initiativ•, championing th• appreciation and <thgcussion of art. It enab189 a widè rang• of stLKlent5 aged between 13 and 19 to d•vèlop critical thinking. analysis, presentation and public speaking skills through workshops and an annual Prizo. Housed at the National Gallery since 2022. over 43,OCKJ young p8ople benefitted from thè Articulation programme durin9 the year - more than 6,300 through g[ined èngag•mont . with stat• xhools reprgsenting the majority of Prize entrants for the fitst time in the programma's history. THE NATIONAL SATURDAY CLUB The National Saturday Club runs freo cr¢?tive prograrnmès for young p•ople aged 13 to 16 at unNorytr05. colleges and culTal institutions every Saturday during tem time, wtth a partictjlar focus on reaching those from undwrepresented communities. The Charity has funded a research projecL conduct•d in partnership with University College London. to investigate and quantify the impact of Saturday Club partiapation on youn9 people's mentsl health and wellbein9 building the evidence base to inform educational practsce and support the pro9ramme's continued growth.
THE RORY AND ELIZABETH BROOKS FOUNDATION A company limited by guarantee CREATE The Trustees began a parbitrship in 2023 with arts tharity Create and a Mukyear grant was made to thè Chartty in 2024. Create's work tsryets those furth8St from art5 enga9emont. Its partiapant<entred approach operates right across the ereative arts. delivering bespoke projects in partnership wtth a large and diverse range of local or9anisations (such 5 Age UK Carets Trus¢ South London and Maudsley NHS Trust) that are impactful and inspirational. All projects are run by its prof8sSiOrtal. hi9hty exper¢wrted artists supported by a d8dicat•d Cr•at proj•ct mana9er. THE LINE The Line 1$ East London's public art tr1 that connects Qu•èn Elitith Otympic P¥rk and fv 02. following the waterways and th• lin• of th• Greenwich meridian. Its oLrtdooT exhibition programme offets a joum•y through a dynamic urban landscape where for free everyone can explore art. natyre and heritage. Their work foeuws ¢)n collaboratNe engagement projert5 that support welkbeing ard lamin9 while prwding opportunities for youn9 people to develop skills and improve employability. These prograrnm•s indude socially prescribed wellbeing walk5. projects to support brain hèalth and an annual Youth Guides pro9ramm?. At the heart of their work is the b•li¢f in the transfomiative impart of art and nature, and they ar• committ8d to increasin9 access to ihe arts through th•ir pragramm•s and challenging baTTi¢rs to partiapation. ALLCHILD Ichild support5 communits8S in underserved neighbourhood5 acr059 the UK to help children and youn9 poople build the $ocial, emotional. and academic ski115 they n••d to flourish. They deliver tailored progTammes of support in school$ through a team of trusted Link Worker5. The programmes are C$*gned by local private, public and voluntsry services and extend btyond individual care, to drive a joined- up ec05yStem of l¢Jtal support that stren9thens cornmunities while a150 influencin9 national poli¢y to promote community-led support models. The Charity's SUPPOrt is used in strerMJthening AIChild'5 work with art5- specialist delivery partners. which feeds into the Charivs Strategic 9rant-making theme afound Arts. Community and Social JuICe.
THE RORY AND ELIZABETH BROOKS FOUNDATION A cornpany limited by guarantee In respect of the Charity's twentieth anniversary. the Trustees also made tsvo speoal catslytic gifts, ead) intended to have a positive and lasting impart armss the charity sector in the UL. WHY PHILANTHROPY WTfERS There 15 bro£ ogieement thot a key element of devd¢¥yn9 the cure of phAantlryic gmng in th8 UK wÈll be to prowde o more compelliro ond acce5sli )le ntstrotsve about what philanthropists ttcbJQ do. and the impuct thèir giving con have. However. this remoins o chJlen9e. The Chority hos partn8r•J wrth Why Phikjnthrow Motters to gather and publish stor5 from charits ol how and wthere phKk)nthiopy m(xl• a %gnificant drfference to thèlr ability io seNe ttrir communiti9& UK ACLIMEN ACADEMY UK Acymgn Academy equips social ontrepreneurs and tharity lead•rs with tho skills. ngtr4ork5 and community they need to address povorty. The Charity has yJpportd two Brooks Fdlows drawn from thè CSJ Foundation'5 network of frontlin8 tommunity leaders, joinin9 the eight-month Acumen Fellows Programme combining intensive leadership devglopm¥nt Mth peer learning. Trusteès w•r• dèlighted to see the Fellowship catalyse a deeper partnership bthean th4 two or9an¢sations in 5UPPOrt of l•adern tsckling poverty. Thi$ 9ift was made after the Charity's y•ar end. FUNDING Trustees Rory and Elizabeth Br¢)oks madè donations to the Charity durin9 th? y•ar totalling £1 million. At the time of completion of thi$ report. Gift Aid had b••n receit4ed on these donations. Th• Charity undorstsnds itg k•y pgrfoTmancÈ indicators through the grants it mak•$ 1712025: 161 grants during the financial yearl as well as the positi impact that its grantees ar• abl• to have in society. Partnership is a key value for the Twstees and henc& th• Trustees regularly rewew thè valu• that thoy feel they are ablè to provide to their partneis. The Charty does not condurt any extemal fvndraising. Thtr Charity's funds are donated by th• Twstees and Gift Aid is daimed where appropriate. FINANCIAL REVIEW Income fLY the YeaT totaned £1,02O.80312025: £1.285,9751 being entirety unrestricted fvnds. Expenditure wa¥ £1.715,84912025= £1,699.4021 brrfJ £1 15.7TO12025: £105,998) ol direct cost& £1.589,64912025: £1,577.3151 of gront exnditure and £1 0,48912025: £1th0891 of SLWXXt costs. expenditure was unrestrfcted. Funds carried forword ot the Yeof En(5 t<)iolled £l.127.1371202%. £1.81&1831. Oll of whKh are uTbrestri¢ted. The bolonce sheet shows totol reserves ol £1,127.137 which are Sufficient to meet oll known or anticipoted commitmentk They ore not subject to any reStr1rS and are all free reseTh*s avoik)ble to bè spent on the chority's octivitles. The trustees, policy Is to )Id Sufficient Cosh to 5uslain the current level of grant mokirKJ to benefiCrIeS and to meet all Ilobllities thrt Ore knovm rx can be re0S0bty antripate
THE RORY AND ELIZABETH BROOKS FOUNDATION A company limited by guarantee The trustees regularty 05 the 1TKJJ rlsks to which TfU5t is exposed. in portlcuk)r Ihose relatirrtJ to the Charity's gront-making actilIeS and its finonces. The Trustees bdieve that by moni(orirrtJ reserve 18vels, rrxintoinirg the input ol external professic¥1 thsors ond by Ixjiklirg mointoining stronj open and honest relationSp$ with ils grantees, they h(Jvo estoblished effectrye Wem5 to mltkJote those risk& Grants are mode ty when firnCeS to fully SUPP th glonts are (wailobb. Key principle risk5 and the 5t•ps token to mitigate these risk5 intludè the fdlowirp.. The Trust operate5 a grant- maksng pc4icy and rlew5 it5 key gront rdationships Qnnua to ensure thjt all grants mode are both oppropriate and effectNe. Th8 Trustees and theif ¢Jdvb5ors undertoke research ond due diligence on pot8nb.al grant recipients. W"Ch includ•$ o rev¥ of the organis¢*ion'5 finances ond operotion$ in addition to in-person or telephone meeting with tha100d of the orgonisotion to discuss thè oims orKJ obpctNe¥ of the grant. All grant reclplents or? asked to rèp( at rt leost annualty on tW progres& includir¥J both 8ucce5595 und chollenges. and infomol discuss¢on$that F4ace as rwmsary thro[hout th&r. TRUSTEES, RESPONSIBILITIES STATEMENT The trustee5, who are also dir•ctors for the purpose5 of ¢ompany law. are SponSible for pi•paring th• tru5tee5' Ptsrt ènd the ffinancial ststements in a¢cordant• vrfith applicable law and United Kingdom Accounting Stsndards Iunitsd Kingdom Generally Accepted Attounting Practice). Company law requir•$ thè charty trustMs to prepare financial statèm•nts for each year which giv• a tru• and fair view of thè stat• of affair$ of the chaTitsbl¢ wmpany and the incoming resourtès and application of resources. induding the incom• and •xpenditure. lor that pèriod. In preparin9 these financial ststements. the trustees are reqUId to.. s•lect suitable accounting policies and then appty them consistently; obsèrvè th• methods and principles in the applicable Charities SORP: makè jud9ment$ and accounting estimate5 that are reasonable and prudent.. State whether applicable UK Accountin9 Standard5 havtr been follthyed. subject to any matorial departuros di5£10sed and 6XplaIn in the financial ststements.. prepare the finan¢ial ststoments on the going concam basis unless it 1$ inappropriat• to prgsumo that the charity will continu• in bu$in•ss. The tru5te95 arè responsible ft)r keepsng adequètè accouniing records that are suffici•nt to show and explain the charity's transactions and disclose with réasonable accuracy at any time th• financial position of the charity and ènabla them to ensure that the finanaal statements compfy with the Compani•s Act 2W6. They are also responsible for safeguarding the ats•ts of the charity and hence for takin9 reasonable steps for the prevention and detection of fraud and othèr irregularities.
THE RORY AND ELIZABETH BROOKS FOUNDATION A company limited by guarantee ffo Each of the p*rsons who 15 a tru5t•• at the date of approval olthi5 report confim4 that so lar a5 they are awarè. Ihere 15 no relevant audit fftf0rMain ol which th• thority's auditor 15 unaware.. and they have tsken all step6 rh•t they oughi ro have taken as a trustee to mtykè themseh5 owore ol any relevant iudit informoiion and to esthblish thai charity's auditor is aware of that information. The trustees, annual r8POrt and the sirate9iC f•POrt were approved on %1..pI.ZW....... and 9Tr8d on b•half ol th¢ board of trustses ty. R H 8rooks rffUSteel Date: 27. 07. 2oz& E Brooks (frust•¢l D•te'. Z?. 0?-2¢7
The Rory & Elizabeth Brooks Foundation Company Limited by Guarantse Independent Auditorfs Report to the Members of The Rory & Elizabeth Brooks Foundation Year ended 31 January 2026 Oplnlon We have audi(ed the financial statements of The Rory & Elatieth Brooks Foundation Ilhe'charty'l for the year ended 31 January 2026 whKh comprise the statement of financial aclivth'es {inciuding income and expenditure accotjnt), statement of financial pOSitn. ststement of cash flows and the related notes, including a summry of signrfranl aceounting pol. The financial reporting framework th has been applied in their preparation is appluble law and Unf(ed KiThJd¢)m Accounting Standards, including FRS 102 The Financial Reporting Standard appluble in the UK and Republic of Ireland (Unsted Kingdom Generally Accepted Accounling Practice>. In our OPInn tho financial StatnIs.. gfve a true and fair view ofthe state oflh8¢harity's affairs as at 31 January 2026 and of-rts incoming resources and appIltiOn of resourc. induding its inc(Th and eXPerlture, for the year thon ended., havo been propgrly prtyaréd in accordanco with United Kingdom Generalty Accepted Accounting Pra¢ti¢e', have been prepared in accordarK8 With the requirement8 of the cJanIeS Act 2006. Bas1# for oplnlon We conducted our audit in accordgnce wilh Internatn81 StarKiards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standardg are further described in the audilorf8 respon8ibiliti.es for the audit of the financial statements seclion of our report. We are independgnl of the charty in accordance wrth the elhica requirements that are relèvant to our audrt of the financial $lalemenls in the UK. including the FRC'S Eth1 Standard, and we have fuffilled our other ethical re$pongt)ilkies in ordance with these rnquiremènls. We believe that the audit evKlence we have obtained 18 8ufficienl and appropriate to providg g baBls for our opinlon. Conclu8lons rel¥tlng to golng concorn In auditing th8 flnancial slatfjmts. we have clUded that the trustees, use ofthe going concem basis of ac¢ounting in the preparin of the finanLid slatwnents Is appropriate. Based on the work wè have performed. we have not 1d8ntrf any material uncertainligs relating lo èvents or conditions that. individualty or collèctNely. may cast synrficant doubl on the charity's ability lo orblinue as a going concarn for 8 period of at least fvlelve months from whgn the financial statements are authorised for iss. Our responsibiliiies and the responsbililies of the truste with re$t to going corKem ar8 dèscribed in th& relevant sadions of thbs report. 11
The Rory & Elizabeth Brooks Foundation Company Limited by Guarantee Independent Auditovs Report to the Members of The Rory & Elizabeth Brooks Foundation (tOnllnuwQ Year ended 31 January 2026 Other Infonnation The other infomation comprises the infom)ation included in the annual report, other than the financial 8tslements and our audilorfs report Ihereon. The tnJstee5 are resrx)nsible for the other informatr)n. Our opinitin on the financk41 statements does nol cover the other infom)ation and. except to the extent otherwlBe explicitty stated in our reprt we do not express any fom of assurance conclusion thereon. In connection wsth our audrt ofthe financkal StalennIS. our responsibilty 15 to read the olher infom)ation and, in doing so, Consider whether the other informakn is materialty inconsistenl wffh thè financial slatem8nts or our knowledge obtained in the audit or othe1$e appears lo be materialty misslaled. If we id8nlify such material incon$istencie8 or apparent material misstatement5, we are required lo determine whether there is a material misstatement in thè financkql stments or a materi81 misstat8m8nl of the other infomiatn.ll, based on the wod( we have perfomied. w8 conclude that ther8 is a material misstatement of Ihis other infomyalion. we are required to report that facL Wè have nothing lo repLvl in this Tegard. Oplnlons on othèr mattern prnscrlb•d by th• Companlos Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the informotion given in the trustees. rep)rt for the financial year forwhich the finanGwl statément8 are prepared Is wn8i8lent wKh the finan¢i81 $talemenls', and the tru8tees' report has beM prepared in accor(lane8 with applKable1gg81 NUIrents. Mattern on whl¢h w• aye r•qulr•d to roport by •xcopt In the Ilghl of the knowledge and understanding of the Chanty and bts environment obtained in the courso of the audlt. have not klenlthed material misstaments in the trustee$. report. We hove nothing lo rewrt in resped of the followng matters in relation to whKh tho Companies Act 2006 requirgs us lo report to you rf. in our Opinn.. Jequate accounting recordg have not been kep( or retum8 >lequato for our audit hav• not been TeceNed from branches not wsiled by us; or the financial statements are not in agreement with the acrthinting record8 and returns. or certain disdosures oftru8tees' MneratiOn specffied by Iw are not made., or we hav8 not recerved all the wiformatn explanations we require for our audit. 12
The Rory & Elizabeth Brooks Foundation Company Limitod by Guarantee Independent Auditorfs Repori to the Members of The Rory & Ellzabeth Brooks Foundation icominuedj Year ended 31 January 2026 Responslb11tt50s of trustoes As explained more fully in the trustees. reswnsibilities statement. the trustees {who are also the directors forlhe purposes ofcompany lthy) are responsible forthe preparatson ofthefinancial statements and for being satisfied that they gNe a true and fair view, and for such inlemal control as the twslees delemine is necessary lo enable the preparalhjn of finawal statements that are free from material mi8$lalement. whether due lo fraud or error. In preparing the financial ststements, the Iruslees are responsible for assessing the charty's abilty to continue as a going concem, disclosin9, as appIable. matters related to going concem and using the going concem basis of accounting unless the trustees either interKI to Iquidate the charty or to cease cperations. or have no r&alistic aliernative but lo do 80. Audltorf• rnspon8lbllltlo• for th& audlt of tho finantlal stat•monts Our objectives are to obtain rèasonable assurance aboLrt whether the finanual statements as a whol& are free from material misstatement. whether due to fraud or error. and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but 18 not a guarantee that an audit conducted in a¢¢ordan¢g with ISAS (UK) will akvays delect a matorial misstatemènt when it exists. Misslalements can arise from fraud or error and are Considered m8lerial if, individually or in the aggregate. they coutd reasonabty be expected to influerKe the eCorMiC decisions of users takèn on th8 basis of these financial slalements. Irregularles, Including fraLKI. are Nistancts of non4ompliarKe with laws and wulations. We design procedures in line with our responsibilibes. outlined above. to delod malerkil misstatements in respect irregulari(ies, including fraud. The exlent lo which our procedules are Gapablè of delecling irregularities, including fraud is detailed below.. Enqulring of managgmont around actual and prAentk91 lrtvJaIii and clatsns. Révièwing board meeting minutes of thIngS of th08a charged with govgrnan¢4. Revmying financial ststemenl di8cIo8ure8 and testing to support documentation to a¥¥es8 CC4nplian¢e Vth applicable and reguLatn9. Pertomlng audit work over the risk of management override of controls. including testing of journal entries and other adjustmenls for appropriateness. evaluating the business rationale of significant transactions oulside the couw of business and revi8wing accounting estimates for bi As part of an audf( in accordance with ISAS IUKI. we exwcise professional judgment and maintsin profa$s*)nai scepticism throughout the 3LKIit. We also.. léenlify and assess the risks of material misstatement of the financial slalements, wheth8r du8 to fraud or error, design and perform audit procedures responsNe to those fisks, and obtsin audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting fraud is higher Ihan for one resulting from error, as fraud may invofve collusion, fonjery, Intenti(al omissnns, misrepre$8ntations, or the override of internal control. 13
The Rory & Elizabeth Brooks Foundation Company Limitod by Guarantee Independent Auditorfs Report to the Members of The Rory & Elizabeth Brooks Foundation (corttr"nuedJ Year ended 31 January 2026 Obtain an understanding of intemal eontrol relevant to the aud in orderto deslgn audit procedures that are appropriate in the ¢imStanceS. but not for the pu)se of expressing an opinion on the effectiveness of the intemal contrd. Evaluate the appropriatenèss of accounting policies used and the reasonableness of accounting estimates and reL4led di8dosure$ me by the trustees. onclude on the appropriateness of the Irustegs. use of the golng concern basis of accounting and, based on the audit eviden L¥lained, whether a material uncertainty exists related lo events or conditions that may cast signfftant doubt on the charity's abilty to continue as a going concern. If we conclude that a material uncertainty exists. we are fequired lo draw attention in our audltor's report to the related disclosures in the financkl statements or, if such disclosures are inadequate, to Mo(1 our opinion. Our conclusions are based on the audit evidence obtained up lo the dale of our audilorfs report. However, future ev&nts or conditions may caus8 the charty to ¢ea$8 10 contlnu¢ as a going concem. Evaluate the overall presentation. structure and content of the financval $eMents, including the dlsctosures, and whetherlhe financial slalam8nts representthe undedying tran8adw$ and even18 in a manner that achleves fair presentation. We communicate with those Charged Wbth govemance regarding, among othér matter6. the planned Scope and liming of the audit and s3nifunt aud findings, In¢dIng any svJnffieant defid&nck88 In internal control that we identsfy during ¢)ur audit. U89 of our roport Thi8 report is made solety lo tho charrV$ members, as a bcKty, in accordance with Chapter 3 of Part 16 ofthè Companies Acl 2006. Our audit work has been undertakèn 80 that we might State lo th8 charity'5 members those matters we are required to state to them in an audilorfs report and for no other purpose. To the fullest extent permttted by law, we do not accept or assume responsibility to anyone other than the ch9rty ond the charrty's members as a body, for our audit work, for this report, or for the opinions we have formed. Matthew Clements (Senior Slatulory Auditor) For and on behalf of Clemènts Jones Charteied accountsnts & statutcry auditor 1 Piclon Lane Swansea SA14AF 14
The Rory & Elizabeth Brooks Foundation Company Limited by Guarantse Statement of Financial Activities (including income and expenditure account) Year ended 31 January 2026 2026 Unrestricted fvnds Totsl funds Total funds 225 Nolo Incom? and endowments Donations and18gacies Investment income 1,(MJO,000 26,803 1.000,000 26,803 1.250,000 35,975 Total incomg 1.026.803 1.026,803 1,285,975 ExpondltUfO Expenditure on charilable activities Totsl &xpendllure 7,8 1,715.849 1,715,849 1,715,849 1.715.849 1,699,402 1,699.402 N•t exp•ndlturn and net movemenl In fund8 1889,048) 1889,046} 1413.427} R•conclllatlon of funds Total fvnds brought foThvard Total lunds carrled forw•rd 1,816.183 1.127.137 1.816,183 2.229,610 1.127,137 1,816,183 The Statement of finarKial aclivits¥ Include¥ all gains aThJ losses recognisgd in the year. All inccffle and expendtturg derive from ¢onlinuing activities. Th• notss on page8 18 to 24 forn) part of fin•n¢lal stat8m•nt•. 15
The Rory & Elizabeth Brooks Foundation Company Limited by Guarantee Statement of Financlal Posltlon 31 January 2026 2026 2025 Current assets Debtors Cash at bank and in hand 12 10,920 2,075,260 2,086,180 10,500 1,890,883 1,901,383 Creditors: amounts falllng duo wllhin on8 yoar Net curront assets 13 512,448 35,200 1.573,732 1,573,732 1,866.183 1.866.183 Totsl assets 18¥¥ curront Ilabllltlgs crltOrs. amounts fallSng due after morn than on• y•ar 14 {446.5951 1.127,137 150,000) 1,816,183 Funds of tho charlty Unrestricted fvrKI$ 1,127,137 15 1,127.137 1,816.183 1,816,183 Total charlty funds These financial 8tstgment$ wore approved by the board of trust and authorised for i$$ue c , and are signed on behalf of the board by: R Brooks Trustee Th• not•s on paw 18 to 24 forni ofth8s• ftnanclal statsments. 16
The Rory & Elizabeth Brooks Foundation Company L5mited by Guarantee ststement of Cash Flows Year ended 31 January 2026 2026 2025 Cash flows from operdting actlvllles Nel expenditure {689,0461 {413.4271 Adjustm8nls for. Other interest receivable and simdar iOrne Accrued expenses (26,803) 891,043 {35,975) 475,600 Changes in.. Trade and other debtors Trad6 and other creditors 14201 117,2001 157,574 1,504 25,0 Cash generated from operalknns 52.7D2 Interest received 26,803 35,975 88.677 Net cash from opgrating &tbvltbs 184,3TT Net Incrna•e In cash and c•sh equlv•l•nts Cash and Cash equlv•lonts at beglnnlng of y•ar ash and cash •quSv•l•nt• at ond of year 184,377 1,890,883 88.677 1,802.206 1,890,883 2.075.260 Th• notss on pages 18 to 24 fonn partof thos• fjn•ncial ¥t#t•m•nts. 17
The Rory & Elizabeth Brooks Foundation Company Limited by Guarantee Notes to the Flnancial Statements Year ended 31 January 2026 General Infomiatlon The charity 18 a public benefft entity and a private compary limited by guarante8, regist@r8d in England and Wales and a registered charity in England and INal8s. The address of th8 registered office 1$ Suile 104, 14 Ha[ver Square, London. WS1 1HN. Stat•mont of cornplianc6 Thèse financial statements have been prepared in compliance wth FRS 102, Tre Financial Reporting Standard applicable in the UK and the Republic of Ireland,, th8 Stat8m8nt of Recommended Practice 8pplicable to chavities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 ICharf(ies SORP IFRS 10211 and the Companies Act 2006. Accountlng pollclo• Interwt rnGelvabl• Inieresl on lunds hekl on deposit is Included recefvable aThJ the amount can be measured re&'ably by the Charty," this is nornially upon notrfK8lion of the interest paid or pgyable by tha institution wth whom the furvJ8 are dw$1. Basls of prep•ratlon Tho finand81 statements hav8 been preparèd on the hislc*i¢al eost b88is, as modrfied by thè revaluation of certain financral assets and I111t1•S 8nd investmènt Propert measured al fair value through income or expenditure. The finarKlal statemts are wepared in steding. which 18 the fvnctional currency of the entity. Debtorn Trado d8btors and other debtors are re¢ognlsed at Ihe setttem8nt arffjunt after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Going ¢on¢om The Charty has minimal fixed costs, wrth the main source of éxpenditure being grgnts mado to the schoolwhich be made al the discrgtion ofthe Trustees. Furthermre, the Charity had a healthy cash balance al th6 year end. Therefore, the Trustees den rt appropriate that the accounts arg prepared on a going corKem basis. Cash at bank and In hand Cash at bank and in hand irKludes cash and short4emi highty liquKI investsments with a short maturity of three nnthS or less from the dal8 of acquisitKsn or opening of the depostrt or similar aCcnt. 18
The Rory & Elizabeth Brooks Foundation Company Limited by Guarantee Notes to the Flnanclal Statements (c1th#) Year ended 31 January 2026 Accountlng policies (eothL Liabilltles and provisions Liabilrties are recognlsed when there is an oblytion al th• Bala sheet date as a re¥utt of past event, it is probable that a transfer of economic benefft wll be required in settl8ment, and the amount of the Betdement can be easity rdiabty. Liabilities are recognised at the amunt that the Charity anticipate5 rt will pay lo settle the debt or the amcmjnt ft has received as thanced paymanls for the goods or seryi¢es il must provide. Provisions are measured at th8 best estimate of the amounts required lo setue the obligation. Where the effect of the time value of money is material, the piovision is based on the present valu8 of those amounts, discounted al prè4ax di8count rale that reflects the fisk specffi¢ to the liability. The unwinding of the discount is recognised in Statement of fingncial activities as a financo co¥t. Judg•monts and key •ourcM of ostlmation un¢ortalnty The preparation of the financtal stalaments requires man4ement lo m&ke judoemenls. e$timale8 and assumptions that affect the amounts reported. These eslnnates and judgem8nls ara conlinualty rewewed and a b•sed on eyperience and other faclors. including expectations of fvlure ¢vents that are beleved lo be reasonable under the circumstgnw. Fund accountlng Unr881ricted furvjs are avaiL8bl8 for u8è at the discretion of the trustees to furthor any of the ¢harty'8 purpo8e8. Designate(I funds are unrestricted fvnds eamwked by the trustees for partul*f future project or commitment. Reslricled funds are subjeded lo reStrlon5 on their expendtture dedared by the donor orthrough the term$ of an apwal, and fall into one of0 sulKL8sses'. restnclod income funds or endowmgnt funds. 19
The Rory & Elizabeth Brooks Foundation Company Limited by Guarantee Notes to the Financial Ststements fcomknu8dJ Year ended 31 January 2026 Aeeountlng polkles {¢onl1¢ Incoming rèsources All incoming re$oLtrces are inchjded in the statemant of financial actlvitw when entitlement has passed to tho charty.. rt is probable that the econ¢)mic benefits assoc181ed with the transaction will flow to the charity and the amount can be reliabty measured. The following specthc polici88 are applied to particu18r c8tegories of Inne.. income from donatK)ns or grants 18 recognised then thar6 is eVee of ¢ntrt18ment to the gift, rgCglPt1s probable and rts arUnt can be measurad rdiabty. legacy irKome is rwnised wn receipt is probabl8 and entitlement is established. irtomè from donated gc4)ds is maasurtd at tho faK value of the goods unless this is Irryractieal to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donaled facilitw and SèNtiS are recc3nised in the accounts when recewed rf the value can be reliabty measured. No amounts are inGluded for tha contribution of gewal volunteers. Income frc4n contracts for the suppty of swices reCOgned with the delivery of the contracted service. This is ckssthed as unrestricted funds unless there 18 a contractual requirement for il lo 8pent on a parts'cular purpose and luMed rf unspent, in whieh c888 it may be regarded as restri¢tsd. Resources •xpMd•d Expendrture 1$ reccanised on an aCcAlS basis a$ a liabilty is incurred. Expenditure Includes any VAT which cannot be lulty recovered, and is classtrd undar headings of the statnI offinancial activities lo which rt relates.. exp8nditure on ralsing fund8 includes tho costs of all furdraising actNtties. evenl8, non- charrtabb trading actrvitie8. and the sale of donated gc)d8. oxpendlture on tharitable actNities ilud&S all costs incurred by a charty in undertaking o¢twiti8s that further its charitabla aims for the benefit of it$ benerlaries. including those support costs and costs rdating lo the govemance of the chanty 8PPOrtioned to Gharitsbla acImtS. other experKlliure indudes al eypenditurgthat is nellherrelaled lo raising fund8 forth8 charity nor part of rts eypenditure cffi ¢hariWle tlIti. All costs are allccaiod lo expendrtu categories reflecting the use of the resource. Direct costs attributable to a single actwty are alted dir to that a¢tNty. Shared costs are apportioned btheen the activrties they contribute to on a reasonab, justifiab and consistent basis.
The Rory & Elizabeth Brooks Foundation Company Limited by Guarantee Notes to the Financial Statements (con Year ended 31 January 2026 Limited by guaranta8 The Rory & EIRabeth Br&$ Foundation 1$ Iwnrted by guarantee and has no share Pital. Every member Promises, rf the Chafty is dissow while he. she or it remains a member or wf(hin 12 mnlhs afterwards, lo pay up to £10 towards the costs of di88olulion and the liabi1it18s incurred by the Charity Whi he or st was a member. Donatlons and legacios Unrestricted Total Funds Unreslricled Total Funds Funds 2026 Fullds 2025 Donatlons Donations and Legacies 1.(th.000 1,IX)0.000 1,250,LK)O 1.250,0 Inv•stm•nt Incom• Unrestriclod Tolal Funds Unrestricted Total Funds Fund¥ 2026 Fund8 2025 Bank interest rgGeivablè 26.803 26,803 35.975 35,975 Expgndtturn on charlt•bh aclfvltles by fund typ• Unrestricted Total FurKl# Unrestricted Total Funds Funds 2026 Fund8 2025 SUppOng go)d caus88 Support costs 1,707,702 8,147 1.71 S.849 1.707,702 8,147 1,688,865 10.537 1.699,402 1,688,865 10,537 1,699.402 1.715,849 ExndItur on charltable actlvltleg by actlvlty typo undertaken diredy Supwt Total funds 2026 Total fund 2025 Supporting gcth causes Governance costs 1.707,702 1.707.702 8.147 1,688,865 10.537 8,147 8.147 1.707.702 1.71 5,849 1.699,402 21
The Rory & Elizabeth Brooks Foundation Company Limited by Guarantee Notes to the Financial Statements (c Year ended 31 January 2026 Analysis of grants 2026 2025 Grants to Instltutions The National Saturday Club Trust The National Gallery's ArticulatKJn Programn British Council Tale Rugby Portobello Trust Cr8ate The Grove Trust The Line Tumer Contemporary Univefsty of Manchester AIIChild Why Philanthropy Mattgr¥ Inlouniversity other grants <£10,000 Atlantic Partnership The Centre for Social Justice FoUndatn Qulnlessenlialty FoUndatn Royal Academy of Art5 37,645 25.000 12,000 423,256 45,000 50.000 10,000 75,000 10.000 701,023 75,000 12,375 40,000 23,350 111,325 10.000 100,000 10,000 25,000 1,099,000 25,000 40,000 36,990 10.000 25,000 50,000 10,000 1,577,315 1.577.315 25,000 50,000 1,589,649 1.589,649 Total grants Grant p•ymenl$ of £638,406 were made during the year. A further £951,243 has been committed foi payment in fulure years. as disclosed in the accompanying nol&s 13 and 14. Grants uThler £10.000 irKlude thef011Ing.' The Photographer8 Galery £4,600.. The WhitY Fund £5,000., The Delfina FoundatK)n £9,000 and The Southbank Ctnlre £4,750. 10. Audltorn femunoratlon 2026 2025 Fee8 payable lo the charty's auditor its assoclates for other servres.. Audrt-related o$$uran services 8,146 10,200 11. Trustee remuneration and expenses During the year. no Trustees receNed ary r8nJJneration or other benefts {2025 - £NILI. During the year ended 31 January 2026, no Trustee expenses have been uKurrgd (2025 - £NIL). 22
The Rory & Elizabeth Brooks Foundation Company Limited by Guarantse Notss to the Financial Statsments iconthu•d) Year ended 31 January 2026 12. Debtors 2026 2025 Prepayments and xGrued income 10.920 10,500 13. Crodltorn: amounts falllng due %%ithln one year 2026 2025 Fulure grants Committed Other ¢r¢dllors 504,648 7.800 10,200 25.000 512.448 35.200 14. CredltorJ: amounts falllng due aft•r morg than one year 2026 2025 Future grants Gcxnmitted 446,595 so,000 16. Analy818 of charltablo funds Unr•strlct•d funds At 1 Febnwy 2025 Income Expènditure At 31 January 2026 General funds 1.816.183 1,028.803 {1.715,849) 1.127,137 At 1 February 2024 Incomg EK)6nditure Al 31 January 2025 Gener fijnds 2.229.610 1.285,975 (1,699,402) 1.816,183 23
The Rory & Elizabeth Brooks Foundation Company Limited by Guarante8 Notes to the Flnancial Statements I1? Year ended 31 January 2026 16. Anatysis of not assets betwttn fvnds Unrestricted Total Funds Funds 2026 Current assets Creditors less than 1 year Creditors greater than 1 y&gr Net sets 2.126,180 2,126,180 1170,532} {170,532} 1162,732) 1162,732} 1.792,916 1.792,916 Unrestricted Total Funds Funds 2025 Current assets Creditors less than 1 year Creditors greater than 1 year Net assots 3.802,766 3.802,786 {70,4001 170,4001 (100.0001 1100,0001 3.632,366 3.632.366 17. Analysls ol Gh•ngu In n•t debt At 1 Feb 2025 Cash fl¢)ws 31 Jan 2026 Cash at bank and in hand 1.890,883 184.377 2,075.260 18. Rglatod p•rtlg3 Ouring year £1,000,000 12Lr25.' £1.250,1)Xll was dwated to the charity by Rory Brooks, Trustee of the chanty. During t year £S2.sfMI (2025: £34.0001 was pakl to Bridget Fury Limited, of which Bridget Fury 1$ a director and £63,630 {£71,9981 was paid to Greenwood pla Limiled, of which Rebecca Ea$lmond is a director. The amounts paid lo Bndget Fury Limited and Greenwood Place Llmiled Were for professional services provKled by the mpanIeS and not in rdation to dLrtie8 as Iru8lees. During the year 8 grant of £40.000 {2025. £40.0(M)I wa8 m*le lo Into UnrSty, of whKh Rory Brooks is a Iruslee.