BROIISGROI'L SCIIOOL FOlI%D.4TIO REPORT AND FINAICI.4L STATEIIE%J5 FOR THE I'EAR ENDED 31 AI'GI'ST 2•20 C hglii) Regisirdtion Nurnber: 111 $435 Compan)" RegIsalloti Ni umbu.. 06084879 Ha)sma¢tntyTC LLP Ch•rtercd .4¢counlanlS Regisiertd .4udirvrs LorKlon
BROIISGROI'E SCHOOL FOUI%D.4TIO) REPORT A.1 D AICIAL 5fATE%IEliTS 'EAR ENDED JI AUGLIST 2•20 CONI"ENTS Page Referenc¢ 4nd admini51raiivt details Truslees. rewi Ind¢pendenl atHlitors" report Staiement of finan¢ioJ 8Ctiviti¢5 B•larKe sheet i)ks to the financial 5tst¢men 9-10
BROIISCJROI'L SC'HOOI. FOIIID.4TIO REfrERLNCE AID ADIIINISTIi4TII'L DETAIIS I'EAR EI%DFD JI AI"GLST 2020 TRLSTEES ,%IF 11 Taylor Ir Pllesi Ir P St l Bomen tr Il l Escolme Judge R J S Foster Ir I. 11 Ilorton Digb) Lord Jones of Birmin8ham Irs J IAThlge Ir S Tow¢CBE Ir Nl LkMan Chairnian Chairnjan of ihe SclMxII Goi'crnor5 COIIPANI. SEC RETARI" Ir Jam¢5 Sommer%ille Il'"ebsite: .bmms ADI'ISERS Bnk¢rs Llo)'ds TSB Bank PIC 112 High Sireei Bromsgroi'e Illoriestcrshire Audiiors Il•i¥mxinryTe LLP 10 (en Sirttt Place ix>ndon EC4R IAG B618FI Soll¢itor5 Vcale Il"asEorou¢h (kchard Cowl Orchard Lane Bristol BSI 51I'S Raihlxin¢ Brothers plc Tempic Poini l Trwnple R¢)w Birnilngham B2 SLG losurxnte BrtskeTS larsh Lid 4 illilion Road Ha}Mards Ilcaih l ¢st Su55e¥ RH16 IAH STATI'S..IPDADIIIIIS'TR4TIO Bromsgro%"e SchLM)l Foundation i& a compth). limi*d b) 8uarnnlee. noi hai'in8 a share capitsl is goierned , il5 memorandum and 8rti¢le5 of asSl8110. Compan> R¢8i4rn1ion numb¢r: kegi51ered C'haril) number: Regi5t¢r¢d oifice.. 06084879 1118435 Brom58roie S¢FMxil. '0CeSter Road. Bromswi'e. Il'orcesiershire, B617DL
BRO%ISCRON'E SCHOOL FOIINDATIO TRIISTEES, REPORT I'EAR ENDED JI ALGLST 202 The Fjd01LOn'S Trus¢¢¢s pre8eN iheir rtW)rt (or ihe >'tar ended 31 Augusi 20ty undei Ik Conipanies Aci 2006 together thith ihe audiied fiThancikl stsi¢menls for ihe )eaT and ¢onfim that the finCIal $ements tomply lIh ihc requirnerbts Of the Acl. Ihe charity's governing •nd the 5c¢t of Recornmrnded PlICe. Aceouniing and Reportin8 by Ckoriiies {SORP 20151. REFERENCE AND AD.IIINISTIL4TII'E INFOIiIIATIOY Bromsgroir Scknl FouDd8tion was incorwAxted as • coMpY limi1¢d b). guM8ntee (regi5t¢red tompan) rnber 060848791 on 6 Febrn 2(M)7. aThd as a ¢hwi¢> In81Srtd chgrity number I I l8435}on 20 Ilarch 2007. stRLICTURE. GO%'ERNAICE AD.%1.4.4GE%yET Coi'orning Dotumtn¢ The Charity is go"emed by Lis Ilemorandum knicles of Associa¢M)n arising fwm incorporation in 2007. Dlreetfjrs amd PrnfwioDal Adi'istrs A lisi of Trusitts and PTofr5sionol odvisers app5 on page l. The TrusRe5 are also ihe Directors of ihe ¢haritabl¢ company. Rryruifment wd Trtlolng of Trnstees The Charity's Tn1¢¢$ are apwinied * a meeting of the BoaTd of Tru5trts. follokniThs 4 selection PresS %%hich takes into consideration eli8ibility. personal wmp¢tenct. 5pe¢ixlis1 skills and Ial atyailability. Yew Trusiees arc inOu¢t¢d into Ihe wDrk"ings of the SCI1 Foundation. in¢ludinB the wvtston of key infijrmation co¥erin8 licY. Scknl ethos d financiab infomiation. Rlsk rn1•nAme0I The FOldItIon Trustees conduu annuall) i fonnal reTriew ofthe major risks to which ihe Foundaiion is exposed. Thes¢ risks are reviewed on 4 rolling basis a1 m•tiga1)ft and control wur¢S put in pSa¢e as necessary. OBJF.CT& %'ISION. oBJEctIEs AYD A11.1T1Es Charitable ObJett$ The Charity's objects ¥ set out in the Klemorandum of AsKKialioo af¢.. to prornoie and advance any charlble connected ith BTomsgTobr Sch(M)l (-Ihe S¢hcol"l.' and to promote other edwational ¢11ry Pulse5 Iwh¢iher or Th)1 conneckd with Bromsgrove School) for ih¢ btnefii of ihe loral commurtiry. Vision To provide a fit Class educion to all desm'ing pupils iii¢spective oftheir parents. abilil) to pay ftts. ObJetili"e To raise suffi¢ient fimds uliirnately ettable ihe Sch(d provide place5 to all de5eryinB pupils on a nteds Nind basis. This 15 a long, pTrssibly ¥eo' long4tm ambiiion which ivill be affcci¢d b). ini'c5tm¢nt returns and Ic¥els of e¢oJKJmic Confidence, as iiell as other f•¢iors Mhich cannoi araitIY b¢ for¢5ten ai art). one time. Ffom lim¢ time. TN51¢¢5 a8rtt wilh the SchLX)l iol¢rirn milesione5 bIrdS ihe ultimate ambiiion.
BRO,%ISGROI"E SCHOOL FOLI%D.4TIO%I
TRI.'STEES' RLPORT (toniinued)
)-EAR ENDEDJI AI'GIST 2020
OBJEcfs. I'isioN. OBJEC711'ES AI'D ACTII'ITIES le•Ntlnue4
Aeiivitie5
To me¢1 ihe above obj¢ciii.es, il is iniended ihai ¥ptals Will be made to all ¢lx)5e iviih a conntction to Brom5grove
Sch1 i.e. alumni. partnts and friends, Ihrou8h a fvndrnising programme consis1inK of major gifts. r¢gylar giTring and
le8a¢ics. This is supp)fted b)" a pr4)gwwnrne of non-fundraisn8 eents designed 10 eKourage inler¢si and inioli'emenl
wilh th¢ School and to raise the pn)file of Ihe &ovndation.
In No¥ember 2019. Ihe Foundaliott hDSled a special eoncert ith Old Brom5grovian John Illsley perfoming and a Q&A
di5CU55iorn led b) fellom. Old Broms8ro%ian. Nicholas Ei.ans. This allracled a sc11ut audi¢nce of 31)0 on knih nighis.
iih Ihe income from tick¢i salc5 beTrng aard¢d to Ihe Foundation. In addition to ihis. a numb¢r of 5n?all¢r frielld raising
and 'thank )ou' ei'enls iber¢ held in ihe period wiw w the COI.'ID-19 kKkdown. The Foundatio held ihe fir5r Speak'e,
Lunch 1Th Old Bromsgrovian John Ila55e) and again all ti¢l'd sales ere Iarded ) the Foundalion. Il'e "¢re noi ablc
to hold Ihe annual .4ppf¢4iaiion Luich in li la> 20?0 due lo COI'ID-19 r¢swiciion5. The Foundition. hich Partne wilh
th¢ SchoDI and lh¢ ijroms8roi.ian Office to host el'tnls, ha5 coniinu¢d Mith the OR d¢¢41dc reunion& and in Sepieniber
2019. the 1990-1999 ltai.ers ewcnl took place. The Foundaiion arml BrOnisgT,l Office Jlso work's wilh ihE
Bromsgrowe Futures dtpanmtnt lo ensure ih Old Bromsgmltans continue ofter help aj support to curreni pupils.
and these are rew8nised as gift5 in kind.
The of fvndraisir8 activit> in ihe )ear has been %1. In the >'¢?r. No Irsacie5 Mere recei%'ed tallIng El 16.208.
Due io the pandemic. did rKJi ask for d¢wisii donaiions from Lpper s]h puenis ihis )'ear. N¢'¢r. we did receiv¢
h4.0 un501iciied donaiiorb5 from parents
FANANCIAL REI'IEII.. AND RESIILTS FOR THE I-EAR
During the }'¢ar. donations and le8acies have been r¢¢¢ived of £1 83,964 12019: £71,578). In addition. there ha%'e be¢n a
numbtrofaddiltonal future pkd8ts and legacies. In%¢stmeM incom¢ of £33.8•612019.. £33.2371 aly) earned.
The Foundation 7'rn51¢¢5 lTaSf¢rr¢d £46,935 to ihe se11 in ihe )ear lo assisi in ihe rfing of burwies. The de¥ision
on the amounl lo be tyansferrtd io the Schwl for use in buvsaries and scknlarships remains at ihe sole di5cTelion of the
Foundaiion Trustees. "Ihe School. how¢%¢r. relain5 Ihe exclu5ib'e righ¢ 10 aprAirtion Ihe nionej io an) but5aw)' or
5ckolarship it so Chise$ unless the original dorN)n had specific terms allachcd io it. or Ihe Foundaiion TNsiees dirtct
Ihe rnone} 10 indi%idual Kholarships.
Ini'estmeni P•ll¢)' and P¢rform4nct
During the retM)ning )ear io I I Augu rn?O. ii"e hai¢ e.xpericrtced 5igniflLanl ccommic. p)litical and Soiial uphcai"ol.
iosi of hiCh has been dri%¢n bj the ouibreak of lh¢ COI'ID-19 %irus. Because of ihe supp)n pro¥'idcd and I0"er
inierest rai¢ ¢xpc
BROIISGROI'F. SCHOOL FOUND,ITIO TRiISTEES' REPORT (tOD¢inued) 'EAR ENDED JI ALGLST 1021 PublEc BeDefit The Tru51ee5 ¢onfirni ihat they Im'e complied with the dyry in srtiion 17 of th¢ ChaT•ties 2011 hale due regard to Ihe public bertefii guidance published by ihe Ch¥ity commiss its dernining the •111¢5 ndert&k'¢rt by the Chttri. R¢sern"es P•Nc)' At JI Au8usI 2020. Ihe total urffj¢strTcied fiumls of Founthiion aTh)unted 10 £1.179.651. The Trustees are saiisfied th the% reserve5 aTe suffEcieTrl to mttl the Foundalion's ¢urreTht commitment to th¢ Scjwl ITr aiiardin8 funds for bursaries. Th¢ Trus1¢ have a mcdtum ierm targei of Tri5ing urwesiriaed funds to 8round £3m in order ihai future aardS for life chan8ing bursarits Can b¢ made. AI 31 Augu 2020. the lTi£led funds of the Foundaiiom anKTriCd io £10.251. N4ote5 6 8]wJ 7 of the finla1 slatemenis selsolrt an anily515 ofthe aunl)lIbk to these futhls a1 the purp)se of the funds. STATEIIFliT OF TRI,'STEES' RESPOSSIBILITIES The trusiees (who ar¢ a150 directs of BToms8TQbE Sch(A FoUNjOn for the kwx>ses of company la) aF¢ responsible for preparing ihe I'Nsie¢5' RcFQrt and ihe fivaKi815tstcm¢nts in accordarKe wilh appllcabk law and Unikd Kingdom A¢couThlin8 Siandards (Lniied Kin8dom G¢D¢rdll) A¢¢tpled Acco118 Pra¢ii¢e). CompAny18w requirts ih¢ tru51ees to prepare financial sia¢¢ments fof exh finaD¢i•l >'¢ar whi¢h gil'e 8 tThe and fair yiew of ihe Stale of affair5 of the clwiiable ccAnpany and of the incomin8 rcstyJT¢¢S and applitalion of r¢sourtt% includin8 Ihe income and ¢xp¢ndiiure. of the ch¥iiabl¢ comp2ny ffi)r Peri5. lth weparin8 these fllLaAciol sut¢fflenlS. Ihe trystecs Seleci suiiable ¥cjnI1Thg policies and then apply ihem consistendy- ISe.¢ ihe Mciknds and PTincipl¢s in (ht Chariiits SORP.. Nlake judg¢ments and esiimaies ihai ¥re reasonable and prude•i' stste heih¢r applic•ble UK ArcounTiTrg stsIardS hait been follo¢& subjeci to any malerial depart[¢5 disc105ed and explained in the fJnarKial yalemertls; Prepare ihc financial Sthicments on the going LIreM b&sis unless li is inappropriaie presume thai ¢he charit•ble c(Hwpany will wntinue in Imtsirtess The Irustees are fesponsible kttpiT¥ pmp¢r tOUiing rttords ihat disclose wilh S0nble accurn¢y ai any time the rinaneial 1110 of ihe ¢haTitsbl¢ ¢ompaThy •nd enable ¢hem ensure that ihe finarKial stai¢meMts comply with ih¢ Companies Ad 2006. Th¢> are also restK)Thsible for 5afe8wdins the as%ts of ihe ch8r1ble ¢ompany and hence for lak.ing r¢&50nable steps Sjr the pr¢%elliion a4 deiedion of fraud and ¢yr iTrtgul8riii¢ So for ts ea¢hof the DiJMees 15 I1¢ at the lime the rewrt 15 apwi%vJ: ther¢ 15 relevant audit inf0malTr ofmhich iht d1w1ble cow>"'s 4J7101$ are unaiiarr. the trustees hale tsken all steps ih¥ ihej. tyjghi to h&tre to moke lhemsel¥ of an> rtlew•nt a11 infornuiion aThd &7 estsblish ihat ihc iudikys a11¢ of th inforntht¥Jn. AIIDITOILS Hayyna¢inl>T¢ LLP 711 bt Pro for re-4wiNmert as audiior5 in rK¢ord8Ke Stciion 485 ofthe Conipanies Aci 21J06. In prtparing ihis rerA)rt the TnIs5 habe tsken of the small wmtAThes exernpiions ptoi'idcd b) seciion 415A of the Companies Aci 2006. This ret B5 appro% by the TNsle¢50n 10 tkctmber 200 and si8d w iisbehalf by= Ir 11 T&)"lor Chaimian
IYDEPE%DEI%T AI'.DITOR'S REPORT TO THE %IEItBERS OF
BRO.IISGROI'£ SCIIOOL frOIINDATIO.
Opinion
I'e ha%,¢ audited ihe fit)ancial statemellis of Broms8ro%e Sch] FoundaiM)n for the }eor ¢nd¢d 31 August 20?0 h1¢h
¢ompris¢ ihe Stsiemeni of Fifiancial Athi%ilie& ihe BalarKe Sheei and noies ts) ihe fir¢111 siatements. in¢ludrng a
summary of signifiiani 8c¢oufilins policies. Thc flnancial re[KlTh8 framem.ork ihat has bttn applied in iheir prtparaiion
15 applicablc la and Llnitcd Kingdom Accouniin8 Standards. including F inancial Reponing Siamdard 10! Ilkv } jfvwiR'j
ou wherc.. Ihe Iwslees. use of ihe going concern besis of IA ihe pr¢paraiÉoth of the finan¢ial siatements Is nol approprillie: or the Iru51ees ha%e not di105¢ in ihe finarKial stsiemeNs an). idenitfied mmerial uncertainiies Ihai ma> ca51 signifirdni doubi Ihe ch¥iiable ¢ompan)' s abilil). lo ronlinuc to adopt ihe going roncern b3515 of a¢¢ouniing for a petM)d of at leasl ¢1%cl4e rnonihs from the dale heTr the financial St£¢1)ts are auikvi5¢d for issue.
Ii%DEPEliDENT AI:DITOR'S REPORTTO THE IIEIIBERSOF
8RO%ISGROI'E SCHOOL FOLINI D..ITIONL (tonllnutd)
Oth¢r inform•tioii
The tn15tees ore respi¢ for the othtt Inforni1On. The (rfher InfonnlOfi comprises hnfornalion included in ihe
Trugiees. Report. Our opinion on the financial slalemenls does w%¢r ihe oiher infornialion and. except to the extent
oiherwise expliciily siaT¢d in ow r¢w)n. M¢ n(A expre55 an) fonn of assunnce Co1510 Ih¢f¢on.
In connection with our iudil of the financial stai¢m¢nls ovr 5nSIbIlity is to read ¢he h¢f infornMiion and. in doing
sq ¢oDsider Whether ihe oihtr informaiion is mattria]l> inconsistent i%iih the finaniial siaiemertis or our Knoledge
obtained ID the audii or oihtrnise appears to be maierially missthied. If 'e identify such material inconsisicn¢Tres or
apparefti mai¢rial n1isyatemen are qUIred dctemine h¢¥her ihere is a maierial mis51alemenl in ihc fin&ncial
stalcmenis Of a mai¢riAI missiai¢m¢Thi of th¢ other infonnalK)ffl. If. based on ihe iiork Me babe p¢rfornied. we conclude
Ihat there is th malcrial missthiemem of Ihis oiher onf¢)rmaiiQ w¢ are reqUId to t¢wrt fa¢1. Il'¢ hai"¢ noihing
repon in ihis resard.
OplnloAs •n other mtters preseribed b) Ihe C•mp•Ale5 Art 26
In ouropinion. based on the Mr. undenak'en in the course of Ihe audil=
th¢ inf0mli0n 8l%tn in the Trus1ttS' Rew>n (which in¢orporales the dirtttors. r£ix) for the fift107 year for
hich the financial statements are Ppar¢d 15 consisteni wilh the financial Memenis: and
the dirtctors. retrf)rt fji¢h is irKIled in the TThst¢¢s' Rep(rt h35 been Frtpared in Accordanc¢ 1th applicable
le8BI requiremtnts.
latters on which w'e Ire required to report b) tx¢epllo
In ih¢ light of the k"rM)wledgc and uNdcladig of Ihe CharibIe wmpany and t15 eniTOrtment obthined in ik ¢our5¢ 01
the audii, w.e have Nyt idenlified rnaler?al misslattmtm$ io the Tntstees. Report {whi¢lh incowp)rdies the dire¢lors'
report).
Ive hawe nothin8 to rtrA)ri in respe¢1 of the folks7@ mth¢rs in rtkntion to Mthi¢h the Comp8rtie5 Aci 2006 requir¢s u5 to
report )'ou if. tn our opinion..
Adequoie ac¢ouniin8 rthxTrrd5 hab'e nor been kept b) thc rIliable compAn)"- or
Ihe charitable company financial SleMen¢$ are in 8gr¢¢ment with Ihe accounting rrcords and retums- or
¢erfain di5¢1osuT¢$ of iN51¢¢s' r¢mun¢ration specified by law or
e ha¢ not received all ihc inforjnjtion •rtd ¢KplanaiioAS e require for our audil: or
the I¥LJsl¢e$ Meie N)1 eThtiil¢d tl) Pfepare ihe financial slalemcnts in 8¢¢onlan¢¢ Miih ih¢ small ¢ompAnies' reKime
and take udvantage of th¢ small companiu. exemptions in preparing ihe tntyt¢es' report and from the
r¢quiremcnt lo prtpare a straiegi¢ ie
[Ise of our report
This ieport is made solely w ihe charlble cOrnpan5 rntmbers as a ty. in KcordaKe M'iih Ch4pt¢r 3 of P¥rt 16 of the
Companies Ad 2006. Our audit has been und¢naken 50 ihai i%e msghi slate to the charitsble compan)'s m¢mb¢rs
those mailers we aT¢ r¢qUid State to them in an A1110¢$ rtp)rt and for no other pul5¢. To ihe fvlle51 e%itni
pe¥mi¢¢ed by law, M¢ do acctpt or re5N)nsibility to Bn)"on¢ other than ihe charitable ¢ompanJ and ihe
chariiable
BROIISGROI'E SCHOOL FOIINDATIO.
srATEIIEi%'foF FIN.4NCI..IL ACTII'ITIES
FOR THE I-EAR ENDED31 AI.'GiIST 21120
INCOIIF. AD E.IPE%I DITI',RE
I'Trre5trirt
Fund
Restrict¢d
Funds
202•
Toi41
2019
Toial
IDcome from:
'olunl4ry inc(¥nt.'
Ixinaiions and l¢gacies
Inie51mcnts
113.964
33.8?6
183.964
33.8?0
71.578
-13.237
Toial Intome
217.P)o
217.790
104.815
Eiptndiiure
Cosi of raising fvnd5:
In%¢slmcDt rnanager's fces
6.122
6.122
4.38 I
Chariiable acii%ities'.
AardS
46.93$
46.935
Total ExpEnditu
53.057
53.057
61.148
ei lrtcome
I.733
164.733
43.667
Giins on In%'tStfflenis:
Realised
L.'nreali5ed
111.8$91
171.6121
111.8591
171.6121
9.1941
25.294
Xl.261
81.262
59.767
Total funds broughf foard
1.1)98.389
10.!5 1
.108.640
1.048.873
Total fund5 carried fornatd
1.179.651
EIO,!jl
£1.189.W)
£1.108.640
The ¢haritable compan> had no rttognised gains or1055es oiher ihan se included in ihe abo¢ Staicmetti of Financial
A¢iivitie5.
All of th¢ ¢harilabl¢ compan)" S a¢li¥'ilie5 durin8 Ihe aboi'¢ finhKial }'ears d¢rii¢d from conliniiins acti%'iiies. All of
Ihe charitable
BROIISGROI'E SCHOOL FOI:ND.4TIO BAI.ANCE SHEET AT31 A(GST 1020 202• 2119 ot FIXED ASSETS Inv¢simen15 994,458 1.1184.051 CURRENT.4SSETS Debr$ C&5h at bank 107.948 116.71)0 1.011 56,770 224.618 57.781 CREDITORS: •mounts flliog dut iihin one )'er 129.2041 (33.1921 NET CIRRENT ASSFTSI{LIABILITIF.SI 195.444 24,519 TOTAL ASSETS LESSCLIRRENT LIABlI.I'fiFS £1.189.IXI? £1.108,640 FUIL DS Unrestricted fund 1,179.651 10.251 1.098,J89 10.251 Restricied fibnds £l.l89.W! £1,108.640 Tt finan¢ial Staments wefe appro%ed )d auth0ri5ed fi)r i5gJe by the Board of Tntsttts on 10 December 2020 and ¢re signed belo. on lis behalf by.. Ir Il Th>k)r Chainnan The accompan)ing noies form of ih¢5e financial ateMen
BRO.IISGROI"E SC"IIOOI. FOI";NDATIO.% ,NOTES TOTHE FIIANCIALSTATEIIENI TS FOR THE )'EAR F.%DEDJI AL"GLIST 202• ACCOIII4TlI%CJ POLICIES The fiCial staierrtnts h•'t IK¢n pf¢partd under ¢hr hi5K)rKal co4 c4Jn¥ffitiTr. w wmdified b>, the re%a]uaiÈon of inTr"estmenls. Ihe rtnarKial Sthmenls haie been prepad in ac¥Y)rd¢ wtth thc Stsiement of Rtcojnrnendtd Praai¢¢ ISORP 20151 ISeth7ThJ ediiion. effeili%"e l Janw. 20191. Scction IA oc FRSIO? Tlw liwiwial KeportixA 3-Iiinknd cwpli¢-ahle in ilkT I A cin(l R¢wiblic rflayland and ihe Companies Aci ?006. The PTincipal a¢couiiiin8 Fx)liti¢s adopted in the preparniion ofihe fiwKial Stsiements ¥e set ow beloi%-. Inwme Ini¢siJnerf irKome is accounied for on a ret¢iwab]e basis. tknnaiions and legxies are in¢luded on rec¢ipi or being noiified of a d1strib1On if earlier. Expeldliure Eip¢Ddilur¢ is allal¢d io the particyl )Vity where the relates di[lY ihal ac11lty. Grnnts payable are ¢har8¢d in the )ear when the offer is wn¥e)cd to Ihe recFpient except rn Ihosc cws here the offer is condiiional. Such grants rttognised as expenditure the condiiK)n5 "hIng ar¢ fulfillcd. Granis offered subj¢rt lo ¢oNJitions hICh ha¥e w been md }¢arnd are ed as a commilin¢411. but 1 accru¢d &% expenditure. GO¢MAnCe (o$is comprise direct co$ fLY the go%"ernance eXnditre of iht chaxity ether Miih an Alk)calion of suppon Cosb. Inies(ments Lisi¢d InlementS Jre tralued at bid.pice the balknce sheet da. Realised UllTeali5ed 8ainsilo¥ses on in%.¢en1$ inclwjed in ihe St¢ment ofFinancial Acti%'iiies. FUd5 Unrc5trt¢d funds comprise a¢cumulat¢d surpluse5 Ind deficits oft general fiuth. The>. are a%'ail8ble for use ai ihe diKretion of Ihe TN5rees in furtheranceof the gencrdl charithble obieds. Rtstri¢ied futyjs fill5 which are bt used in wilh 5p¢cific rtslriciions irn b). the thmor. FIXED ASSE'f i.Ni'EsfiiENTS Listed in%e$lmeMI$ C*sh Tolal Balonce at I September 2019 I.IYJI.205 82.846 1.084.051 A4Jdilions Di5posa15 at openin8 mark'ei %alue lanag¢menl f¢e5 paid LnTe81ised 8ains 38.985 16.1 !21 111,859) 16,12• {71.61? (71.6121 Balance ai I l A8 2020 £941.74? £S?716 £994.458
BROIISGROI'E SCIIOOL FOII%D.4TIOY I%OTES TO THE Fl1 A%CIAL STATEIIEI%TS {efjffttUed) FOR TIIE I-EAR ENDED31 ALIGL'.ST 2•20 TRI"STEES' RE.IILNERATIOY No Irustee rtteived any ttrnuneraiioD or ffimburs¢mtmi oCexw)sek DEBTORS loi• 1019 her d¢FrtOTS £107,948 £i.011 CREDITORS: Amoun¢$ f811iog dut one )tr 2020 2019 Amounts payoble to Bn)msgro% School £29.204 £33,192 31 A¥g¥st 2019 31 Avgus¢ 2020 ExpEnd•furt IsSI$ General fwnd 1.098.389 217.790 {53.057) (83,4711 1.179,651 Resiricled funds: John Ni¢h)Ils Fund Ro8er Brazier Fund 5.251 5.251 EI,108.640 £217.? £153.057) £183.471) £I.189.IA12 The John Ni¢ho115 Fund r¢pTtsenls a dol0ft hich is io be used for the Bromsgrole Schojl Lxped ilion Club or if this is rKTrt possible th¢ inltresi sknuld be used fund 8n annwl io a d¢5eThing S?h lo ottend a qualifying WUF5e 8t one of Ihe Great Olrtdow Pursuit CeRtI¢5. The Roger Bwktr Fund ttpr¢sents don1010 be used to Supp the leJrn•ngof pupils wilh Dyslexi& Resirleieo Fund5 ANALI'SIS OF FIIIDS I'.Trre5trlded Fuwl Tot#1 2120 994,451 195,444 In.¢51C¢S ei current Assets 994.458 185.193 10.251 £1,179.651 £10.251 £1.189.9)2 2019 Inh'estmenls et cuffert Assds 1.084.051 14.338 1,084.051 10.?51 1.098.389 £10.?51 £1.101,640 IILTIIIATE PARE1 I"%DERTAIKING Bromsgro%'e Sch(K)I l.irnited 15 the sole member of BnxTrigfoie Fond#¢I0 and is ihe u111m¢ parcnt Lwnipany. The Found81 made I31dS of £46.935 12019.. £56.7671 to Bromsgr()%¢ kh1 l.imitcd ioi%ards Ihe funding of IrieS. Th¢re ere no oiher related part)" Iian5actions. 10