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 t￿J$t￿S and appointsd in compliance with thg Memorandum and Articlos of Association. Nono of thè Trust••s has any bèneficial interest in thè company. Any new T￿￿tee5 will r•c•ivo th8 relevant trainin9 to fulfil their area ol respgnsibilty. Al of th• Tru3teey are a150 mtmbèrn of the company ¥nd gu4rantee to contril)ut• £1 in the ewnt of wnding up. The Trust•e$ 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 •xdUsi￿IY 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 PhiL￿thrOp1C 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 ad￿sory relationships wlth Gr9env￿Qd 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 delI￿r 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 tran￿ating 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. $0 far has enabled tr4enty-four professionals to contribute to Tate's work in curatorial research. learning, conservation, digital practic• and visitor communications. The 2025 Fellovés wèr• eurator Youngghin Yook- Wh￿ work has supported Tate'5 ambition to èxpand tt5 ink collertion - and r￿archer Bruno Alvez de ￿meIda- who c¢113borated with Tate St Iv•s to support thg developmant of its r•sideney-based Artists Programm*. INTOUNIVERSITY Intouniversty is a leading national charity supporting youn9 p•ople from disadvantsged backgrounds to succeed sn school and attain either universty place or another aspiration- be that an appr•nti¢•ship or a vocational qualification. IntoUniv•rsity operates a nationwid• network of 50 community*ased1gaming c•ntres supporting stud•nts ag•d from 9 to 18. Academic attainment is a cnjcial faC￿r in d•t•nnining the options available to young p6ople when they lea￿ sch¢)ol - more thJn doubling ihe university pro9ression rate for stud•nts frorn disadvantaged backgrounds. Young people suffèred severe learning 1055 as a r•sult of xhool dosur•s, and those from disadvantaged backgrounds have been among thos• hardest hits. Corè to its model is the beliaf that underachievement 15 ￿$t addressed in th8 cont•xt of long-term educational and pastoral engagèment. QuN￿ESSENTIALLy 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 tsc￿Ing 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 . In our OPIn￿n tho financial Stat￿nIs.. gfve a true and fair view ofthe state oflh8¢harity's affairs as at 31 January 2026 and of-rts incoming resources and appIl￿tiOn of resourc￿. induding its inc(Th and eXPer￿lture, 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 c￿￿JanIeS Act 2006. Bas1# for oplnlon We conducted our audit in accordgnce wilh Internat￿n81 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 $lalemenls in the UK. including the FRC'S Eth￿1 Standard, and we have fuffilled our other ethical re$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 slatfjm￿ts. we have c￿lUded that the trustees, use ofthe going concem basis of ac¢ounting in the prepar*in 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$￿t to going corKem ar8 dèscribed in th& relevant sadions of thbs report. 11 The Rory & Elizabeth Brooks Foundation Company Limited by Guarantee Independent Auditovs Report to the Members of The Rory & Elizabeth Brooks Foundation (tOnllnuwQ Year ended 31 January 2026 Other Infonnation The other infomation comprises the infom)ation included in the annual report, other than the financial 8tslements and our audilorfs report Ihereon. The tnJstee5 are resrx)nsible for the other informatr)n. Our opinitin on the financk41 statements does nol cover the other infom)ation and. except to the extent otherwlBe explicitty stated in our reprt we do not express any fom of assurance conclusion thereon. In connection wsth our audrt ofthe financkal Stalen￿nIS. our responsibilty 15 to read the olher infom)ation and, in doing so, Consider whether the other informakn is materialty inconsistenl wffh thè financial slatem8nts or our knowledge obtained in the audit or othe￿1$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 st*ments or a materi81 misstat8m8nl of the other infomiat￿n.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 $talemenls', and the tru8tees' report has beM prepared in accor(lane8 with applKable1gg81 NUIr￿ents. Mattern on whl¢h w• aye r•qulr•d to roport by •xcopt In the Ilghl of the knowledge and understanding of the Chanty and bts environment obtained in the courso of the audlt. have not klenlthed material misst*aments in the trustee$. 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 Opin￿n.. 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' ￿M￿neratiOn specffied by Iw are not made., or we hav8 not recerved all the wiformat￿n 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 appI￿able. 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 eCor￿MiC decisions of users takèn on th8 basis of these financial slalements. Irregular￿les, 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 V￿th applicable and reguLat￿n9. 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$8ntations, or the override of internal control. 13 The Rory & Elizabeth Brooks Foundation Company Limitod by Guarantee Independent Auditorfs Report to the Members of The Rory & Elizabeth Brooks Foundation (corttr"nuedJ Year ended 31 January 2026 Obtain an understanding of intemal eontrol relevant to the aud￿ in orderto deslgn audit procedures that are appropriate in the ¢i￿￿mStanceS. but not for the pu￿)se of expressing an opinion on the effectiveness of the intemal contrd. Evaluate the appropriatenèss of accounting policies used and the reasonableness of accounting estimates and reL4led di8dosure$ m￿e 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 financk*l 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 s*3nifunt 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 2￿25 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 cr￿ltOrs. 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 i￿Orne 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 I￿111t1•S 8nd investmènt Propert￿ measured al fair value through income or expenditure. The finarKlal statem￿ts 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 de￿n 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 n￿nthS or less from the dal8 of acquisitKsn or opening of the depostrt or similar aCc￿nt. 18 The Rory & Elizabeth Brooks Foundation Company Limited by Guarantee Notes to the Flnanclal Statements (c￿1th#￿￿) 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 part￿ul*f future project or commitment. Reslricled funds are subjeded lo reStr￿lon5 on their expendtture dedared by the donor orthrough the term$ of an apwal, and fall into one of￿0 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 {¢onl￿1￿¢ 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 In￿ne.. income from donatK)ns or grants 18 recognised then thar6 is eV￿e￿e of ¢ntrt18ment to the gift, rgCglPt1s probable and rts ar￿Unt can be measurad rdiabty. legacy irKome is rwnised w￿n 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 recc*3nised 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 reCOgn￿ed 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$ recc*anised on an aCcA￿lS basis a$ a liabilty is incurred. Expenditure Includes any VAT which cannot be lulty recovered, and is classtr￿d undar headings of the stat￿￿nI offinancial activities lo which rt relates.. exp8nditure on ralsing fund8 includes tho costs of all fur*draising actNtties. evenl8, non- charrtabb trading actrvitie8. and the sale of donated gc*)d8. oxpendlture on tharitable actNities i￿lud&S all costs incurred by a charty in undertaking o¢twiti8s that further its charitabla aims for the benefit of it$ bener￿laries. including those support costs and costs rdating lo the govemance of the chanty 8PPOrtioned to Gharitsbla acImt￿S. other experKlliure indudes al eypenditurgthat is nellherrelaled lo raising fund8 forth8 charity nor part of rts eypenditure cffi ¢hariWle ￿t￿lIti￿. All costs are allccaiod lo expendrtu￿ categories reflecting the use of the resource. Direct costs attributable to a single actwty are al￿￿ted 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 SUppO￿ng 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 Ex￿ndItur* 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 FoUndat￿n Qulnlessenlialty FoUndat￿n 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 thef011￿￿Ing.' The Photographer8 Galery £4,600.. The Whit￿Y 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 I￿1￿￿? 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 Unr￿Sty, of whKh Rory Brooks is a Iruslee.