Registered number: 06084879
Charlty number: 1118435
BROMSGROVE SCHOOL FOUNDATION
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

BROMSGROVE SCHOOL FOUNDATION
CONTENTS
Page
Refor•nc• and AdmlnSstratlvg DgWI$
Trugtees. Report
Independent Auditors. Report on the Financial Ststemènts
7-10
Statement of Flnanclal A¢tlvltlo$
11
Balancè Sheèl
12
Notes to the Financial Statements
13-21

BROMSGROVE SCHOOL FOUNDATION
REFERENCE ANDADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 AUGUST 2025
Trust•es
Mr M Taylor. Chèlmian
Mr M Luckman, Chaim)an ol the Schocl Governors
Mr P Sl J Bowen
Mr M l Eseclme
Judge R J S Foster
Mr T M Hort(M)
Mrs J Lodge
MrSToweC8E
Mr S J Bradley
Mr J D8nby- reslgned 13.01.26, r￿p￿￿)led 20.03.26
Miss A Toffloni
Mr R Marshall- 8pwinted 20.01.26
Company reglst•r
numb•r
Charlty r•glstorod
numb•r
1118435
R•gl$t•r•d offic•
Brc¥ns9rove s¢￿
Wofce$ter Road
Bronwrove
Worcesiersh
B617DU
Company secr•tary
James Somn)errille
Wèb8116
Audltor8
HaysMaG LLP
10 Que8n Street Place
L￿￿on
EC4R 1AG
Bankers
LloydsTSB Bank Pk
19 Church Green
Roddbtch
B98 (BZ
Soll¢ltor8
VeAle Wasbrxough
Ofchard Couri
Ofchard Lane
Brisl
BS15WS
Inv•$tm•nt Advlsgr¥
CCLA
One Angel Lane
London
EC4
Page 1

BROMSGROVE SCHOOL FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Sara￿n & Parlners LLP
1(M) St Paul's ChWthry￿d
L(UMJon EC4M 88U
In$urance Brokers
Hallle Andrews
Eleven B(indley Place
2 ￿UnSW1ck Square
Birmingham
B12LP
Page 2

BROMSGROVE SCHOOL FOUNDATION
TRUSTEES. REPORT
FOR THEYEAR ENDED 31 AUGUST2025
Thè FcrtJndalion'$ Tnislees present Iheir rèwt for the year 6nd&l 31 Au9usI 2025 under lh8 Companie$ Act 2006
together with the audited financial slalèmènts the yeac and confirm that lh6 financial slalemenls comply with
Ihe requirements of th8 Acl, the charily's governin9 dctumenl and the Stalemenl of Recommended Practice..
Accounling and Reporting by Charities ISORP 20151 Sec(md EdilK)n. effective 1 January 2019.
REFERENCE AND ADMINISTRAnVE INFORMATION
8rornsgrove Scfthl F￿1ndatIOn was incorporated as a ￿mpAnY limiled by 9uaranlee Ire9islefed company
number 06084879) on 6 February 2007, and as a charily (registered charily number 11184351 on 20 Mareh 2007.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Gov•rnlng Documont
The Charity is wverned by ils M¢M￿andum and Artides of Asswaiion èrisiro from incofP(xalion in 2007.
Dlrè¢tor$ and P¥ofesslonal Advls•rs
A lisl of TnJ81ees and profeSs￿al advisers appears on p•Je 1. The Trustees are also Ihe Diiectors ol the
charitabl8 company.
R•cruStm•nt and Tralnlng of TTuslees
The Charity's Trustees are appointed al a meeliTrJ of the Board of Trustees. following a sde¢lion process which
lakes into consideralion elyibilily. personal competence, Spec￿11$1 skills and tral availability. New Tfuslees are
inducled into the workings of Ihe Schcd Foundation. irtiuding the provision ol key information covering trx)ard
policy. School elhos aThY financial Infr￿MatIon.
R18k Managèmènt
The Foundation Tfuslees erA)ducl artrnualty a formal rev¢ew ol Ihe mai(* iisks lo which Ihe Fovndalion is expDseiJ.
These risks are reviewed on a rolling basis arKJ milKJalion and conlrol proce(lures aro pul in place as necessary.
OBJECTS. VISION. OBJECTIVES AND ACTMTIES
Charltab19 Oblg¢ts
The Charily's objecls as sel out in Ihe MemoraTrJum of Ass(xialion *8..
lo promote and advance anychaittable puvwJ5e (xjnnected with Bromsgrove School I'the S¢hool"I: ar¥J
lo promot& other èducational charity purposes Iwhelher Of Th)1 connected with Bromsgrove Schor)11 lor the
benefit ol Ihe local communily.
Vl8lon
To provid@ a Nrsl class educatlon to all deserving pupllg. irra$￿1￿8 otthe¥parents' abilily lo pay schocl feès.
PwJe 3

BROMSGROVE SCHOOL FOUNDATION
TRUSTEES. REPORT{CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
OBJECTS, VISION, OBJECTIVES AND ACTIVITIES Icontlnuéd
Oblectlvo
To raise sufficient funds ullimalely lo enable the School lo provide places to all deserving pupils on a negjs blind
basis.
This is a k)ng. possibty very loro-lemi ambit￿ wl¥ch will be affecled by investment returns and levels ol
econcmic Confide￿8. as w811 as other fatiors which cannot accuratety bo foreseen al any on6 lime.
From Iwng lo tim$. Ihè Trustee8 agfee wilh the Sthoc4 inlerirn milestones towards the ultimate ambition.
Actlvltles
To meet the ab¢)v6 objectives, il is inteTrJed Ihat appeals will conlinue lo bo mad8 lo all I￿$& wth a conneth.on
lo Br￿59r0ve School i.e. alumni. parents and friends lo e￿Urage regular giving and legacies. This is supported
by a programme of friend-raising events desiwed to enCOtsr￿e inlefest and involvement with the School and lo
raise the prolila of Ihe F￿nd8￿.0n.
The annual Appfedauon L￿r￿h ow donors and Lègacy Sodety members was hdd al tho School In May 2024.
Sncludlng Ihosa who had given nol lusl moneiary donations but also gifts in kind li.a., olf6rtny advlce lo c￿r￿n1
sludenls)- Therè Is always a chance for Old 8romsgiovians lo reconnect with Ihe SchDDI al èvenls such as the
Fokjndauon L8clur8 in London. and Ihè Speakef's Lunch. held in Roulh H811. Commemor81ion Day Is also a bSg
part ol the Bromsgrovian Community. even after pupils and families have loft. In Oecembor 2024. a special
Alumni Chrislrnas C¢Mcert was held in Covenl Gar(Jen. Cèntral Lc￿dOn. wilh members ol the School Choir
pérforming Handel's Mes￿ah. Tho choir also induded Old Bromsgrovians who rèturned lo p8rform especially lor
Ihis concert. Thes6 evénls bring logethef all sections ol tho School. induding OBS, parents (past And presentl.
Governors and frien(Js. We ¢onlinu¢ lo host visils by Ohy Bromsgrovians and their families lo the Heritage Centre
and off8r tours of Ihe Schod. The Foundatic￿ and Bromsgrovian Office also works with the Fulures deparlmenl
lo ensL*re Ihal Old Bfoms9rovians conlinue lo offer help arKI suppcrt lo Current pupils.
The IocL¢S oflundraising aclNity in the year has teen legaa8s and par￿tal deposit donalions. During the Summer
Term, som8 ol our Upper Sixth parenls donated all (Y part of the* acceplante d6rrt)sits lo Ihè Feund81ion lolalling
£34,51312024.. £17.341). In tm yèar. there were two le9aci8s received lolalling £3.722 {2024.. £100,0(KJ)
a. FINANCIAL REVIEWAND RESULTS FOR THE YEAR
During thè year, donalKins and legacies have been re¢6iv¢<l of £131,96012024: £193,201). Invoslmenl income
of £57.116 (2024: £50.3921 was aL80 eafned.
The Foundation Trustees transferred £149,375 (2024= £100.384) lo the School in Ihe year lo assist in the fundin9
ol bursaries. The decision on Ihe amcwnl to be Iransfefred lo the School for use in bursaries and scholarships
remalns al the sde discretion of the Foundalion Twslees
Pag8 4

BROMSGROVE SCHOOL FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDEO 31 AUGUST 2025
b. In¥￿tment Pollcy 8nd ￿rI0￿￿￿ne*
The Truslees are permilled lo hold a portfolio of inveslmenis and th6 guidance given lo the School's Inveslmenl
Committee is lo balance gfowih and income with a medium level of risk. Thesè objects.ves are lo be achieved by
investing pr￿le￿I￿ in a broad rawè of fixed inleresl securits'es and oouilies which are quoted on a rècogrtised
Investmenl Exchange unil trusts and OEIC'S l¢)pen ènded inveslmenl companies) which are authorised under
Ihe Financial Services and Markets 2fy)0.
The FoundaliM's funds ar6 imiesled In th8 CCLACharilies Investment Fund and the Sarisin fund. The Equlllbrium
fund was closed during ihe year aThJ funds moved lo Sarasin. The Investment Commillee continues lo n￿nitOr
the perltsrmance ol these funds agalr￿1 markel benchmarks induding Ihe Private Invest(w Balanced Indox
benchmark over a rolling Ihree-year peri(AJ.
The inveslmenls have decreased in value over the year £1.993.205 10 £1.943.196. There are underlwn9
unrealised investsmenl losses of £50.00912024'. gain of £148.284) the year end valualior).
c. Publlc Bonoflt
The Truslees confim Ihal they have ¢¢￿pIled wlh the duly in Sectic￿ 17 01 Ihe Charities Act 2011 lo have due
regard lo the public benefil gu￿anCe published by the Ch8rity Comrni5sion in delem)ining the aclivilies unéerlaken
by the charity.
d. ReGor¥es Pollcy
Al 31 Avgusl 2025. the lelal unrestft"cle<J funds of Ihe Foundal¢on amounled lo £2.165,611. Tho Trusleeg are
satisfied Ihal these reserves are sufficient lo meel Ihe FoutNJalion's cucrenl c¢ynmilmenl lo the School in awarding
lunds for bursafies. The Trustees have a medium term largel ol raising unreslricled funds lo around
£3m in order th81 future awards for lile changin9 bursaries can be made.
At 31 August 2025. Ihe total reslricled funds of Ihe Foundation amounted lo £17,697. Nole 13 to the financial
slalemenls sel out an analysis ol Ihe assets allribulable lo these funds and the purpose of the funds.
Page 5

BROMSGROVE SCHOOL FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Statement of Truste•s' responsl)11111os
The Trustees (who aw also Ihe ¢Jireclors of Ihe Company for iho pufFM)se$ ol company lawl are responsible for
prepariro thè Tfuslees. R8POrt and Ihe financial slalemenls in with appkcablo law and United Kingdom
Accounting Standards Iuniled Kingdom Generalty Accepted Accouniing Pfaclicel.
Company law reqvires the Trvslees lo prepare financial slalements ￿ each finanelal year. Undèr company law.
the Trustees musl Ml approve the financial slal8menls unless Ihey ar6 satisfied Ihal U)ey give a true and fair view
ol the slatè of affairs of th8 Company and of ils incoming resources and ap￿Ication ol resources, including ils
income and expendilure. for thal perio(l. In preparirwj Iheso financial slal8m8nls, the Tnjslees are required lo=
selecl SLJitabl8 ￿C(￿nting p(4￿￿ and then apply tlwn C￿sIStenI￿.
observe the meihods and prir)cipks of Ihe charit￿5 SORP {FRS 1021..
makèjudgménls ar￿ acctsunling estsmalés that ar8 re*sonab18 and pnjdenl.,
stale whet￿r applicable UK Accounling Slandards (FRS 102) have been followed, subject lo 8ny material
departures disclosed and exk4ained in the financial stslements-
prepare the financial stalements on the ￿Ang wicem basi5 vnless il is inappropriate lo presL4me Ihal the
Company will conllnue in buslness.
The Tru51ees are resp)nsible for keeping adequate accounling rewds that are Slrfficienl lo show and explain the
Company's Iransacliorbs and disclose with ￿a$￿able accuracy al any time the financial position ol the Company
and enable lo ensure that the f￿a[￿la1 statements comply the Companies Act 2006. They are also
responsible lor 5afeguaiding ihe assets ofthe Company and hence for taking reasonabk steps for the prevention
and detection of fraud and other irregulariligs.
Dlsclosure ol inforrnption to ¥uditors
Each of the persons th are Trustees at Ihe time %then this Trustees. Rep(xt is approved has conffirmed that..
80 far as that Trustee is aware. Ihere is no relevant avdil informalicm of whith the charity's aLKlilors are
unaware, and
that Trustee has taken all the sleps Ihal ought lo Imve been takèn as a Trustè8 In order lo be aware of
ny relevant audit informatM)n and to est81￿}sh that the chatty's auditors are aware of that information.
Audltors
HaysM8c LLP wtll b6 proposed lor rèthaprm￿nl￿￿nI as authtors In a¢¢or(latKe wilh se￿lOn 485 of tho Companies
Act 2006.
In preparing this reporl, Ihe Twslees have tsken advania9e ol the small companies exempti￿$ provided by
seclM)n 415A ol the Companies Act 2006.
Approved by order of the memters of Ihg board of Truslees aThJ signed on their behalf by..
M Tgybr-
an
Date.. 14th May 2026
Page 6

BROMSGROVE SCHOOL FOUNDATION
INDEPENDENT AUDITORS. REPORTTOTHE MEMBERSOF BROMSGROVE SCHOOL FOUNDATION
Oplnlon
We have audited Ihe financial siatemenls of Br￿sgrOVe Sch(M)l Foundalion (the 'charitable company'l for the
year ended 31 AugLJsI 2025 which compiise ihe Statem￿1 of Fit)ancial Activities, the Balance Shoel and the
related notes. including a summary ol significant accounting policies. The f￿ancial reporting framework that has
been applied in their preparati￿ is aw)licable law aMI United Kit)gdom Accounling Standards, i￿l￿dIng Financial
Reporting Stsr¥Jard 102 'The Financial Reporling SlaiKlard aOicable in the UK a¢KI Republic ol Ireland, Iuniled
Kingdom Generally Accepled Acc(wnliro Pr￿t￿e).
In our Opini￿ the financial statements=
give a true and fair view of the slate of the tharIlab￿ company's affaiis as at 31 Augusl 2025 and of ils
incoming iesources ar￿ appl￿811¢￿) of reswrces. Including its Ir￿Me and expenditure foi the year then
ended:
hav& been properly p￿pared In &crMlanc8 wSlh Uniled Kingdom G6nerally Accapled Accounllng
Practice: and
havg boen prepared in aC￿[dan￿WIth the requirements of ￿ Charibes Art2011.
8a5is for opinlon
We condLKted our audit in aCC￿dance with Intemabonal Standards on AuditiThJ IUKI IISAS (UK)) and apFAicable
law. Our responsibilitie5 under those standards are lurthw des(￿bed in the Al￿1¢Or$. restK)nslbilities for Ihe audit
of the financial slatèm8nls s8clion ol oui report. We are independer)l of the charitable company in aGcordance
with the ethical requirewnents that are rdevanl to our audit of the financial slalements in the Uniled Kingdom,
Including the Financial ReportirrfJ Council's Ethical Slar¥Jard. and wè havè lulfillèd our othèr ethical responsibilitias
in a¢¢ordance ￿th th8s8 requirements. We belteve Ihal the audit evidence we have oblained 15 sufficient and
apprc¢)rlale lo provhje a basls our cwnlon.
Conclusions r8latlng to going concern
In auditing Ihe financial statèmenls, we have conchJd8d that the Truste8s' uso of the wng ¢on¢em basis of
accounting in the preparation of the financial ststemenls iy aFyr(yiale.
Based on the w(Kk have perfomied, we have Kjentified any mateiial uneertainties ielaling lo events or
conditions that. individually LY cdlecbvety. may ¢ast Signi￿an1 doubt on the ChaT[tab￿ companls abilily lo
¢onlinuè as a going concèm for a ￿ri¢)d of al least iwelve Ircmn when thè financial slalemènts are
aulhorised for issue.
Our responsibilities and the resp>JnsiLMlities of the Tru$lÈes with respecl to going concern are described in the
relevanl sections of this Teport.
Page 7

8ROMSGROVE SCHOOL FOUNDATION
INDEPENDENT AUDITORS. REPORTTOTHE MEMBERS OF BROMSGROVE SCHOOL FOUNDATION
(CONTINUED>
Olhèr Infomiatlon
The other informali¢)n comprises Ihe informaiion included in the Annual Report other than Ile financial slalernenls
and our Auditors, Report Ihereon. The Truslees are responsible lor the other informalion conlained within the
Annual Report. Our opinion on Ihe financial statenwls d¢xs not cover the olher informalion and, except lo Ihe
exlenl othewwse explicilty slaled in our report. we do not express any form of assurance ¢1￿ClUSIon Ihereon. Our
reswnsibility is lo fea¢J the other information and. in doing so, Consider whether the other inlomialion is materialty
inconsistenl wilh the financial slatements or our kNO￿e¢jge obtaine(l ir) Ihe course of the audit, or otherwise
appears lo bo matwially mssslaled_ If we identty such material Incor6islencw C￿ apparenl malerlal
misslalefflenls, we are required lo delemline whether this glves rtse lo a material mlsstslemenl in the financial
sEalements the￿￿elves. If. based on the WL¥k we have perfOrr[￿d. we condude that there is a material
misstatement ol this other information. we are required io wort that fact.
We have wlhing 1¢ *port in Ifms regard.
Matters on whlch w• ar• r8qulred to r•port by ex¢gptlon
W8 have nothing lo report in fespecl of the followrKJ mallers vthere Ihe Charits"es {Accounls and Reporlsl
Regulati￿$ 2C#)8 requi￿S us to repcfft lo yw if. in our opinion:
the information given in the Trustees. Report 15 irKon5islenl ￿ any material respecl wilh the financial
8tstements', or
sufficienl accounting recor(Is have Th)1 been kepl: or
the financial slalemenl$ ale not in ag￿ement with th6 &c(xJnting [ec￿d$ and ieluins-
we have ml received all the informalion and explana￿'OnS we require lor our audit.
Responslbllltlo5 of tnistO05
As explained more fully in Ihe Twslees, RespOnSi￿li11eS Stskmenl. the Truslees (w￿7 are also the direclors of
th6 charitable company Irx the purposes of ￿MpanY tawl are responsible lor the preparalion of Ihe financial
si81e￿nIS and for being satisfied that Ihey 9bve a Iwe and fair view. and for such inlernal conlrol as the Twslees
delermine is necessary lo enable the preparalion of finanaal slalements Ih8t are free from material misslalemenl.
whelhef due lo fraud oi eNor.
In preparirg Ihe financial $18lemenls. the Trustees are responsible for assessing Ihe charilable company's ability
lo continue as a g￿n9 concern. disdc*ing. as applicable. maltefs related lo going concern and using Ihe going
¢oncem basis ol accounti￿a unless the Trustees eith8r intend lo liqukjale the chafilabl6 company or lo cease
operations. cw have no realistic allernalive but lo ¢Jo 50.
Page 8

BROMSGROVE SCHOOL FOUNDATION
INDEPENDENT AUDITORS. REPORT TOTHE MEMBERS OF BROMSGROVE SCHOOL FOUNDATION
(CONTINUED)
Audltors. r•sponsibllStlo5 for tho audlt of thg flnanclal slat¢m•nts
Wg have been appoinle¢J as audilor under seclK)n 145 of the Charilies Act 2011 and fepori in accordance with
Ihe Act an¢J relevant regulations made or having effect IheieurKler.
Our obJ"eclives are lo obtain (easonab￿ assurarte about whether Ihe financial slalemenls as a whole are free
from material misslalemenl. whelher due lo fraud or error. and lo issue an Auditors, Repori Ihal includes our
opinion. Reasonable assuran¢e is a hi9h level of assurance. bul is not a guaiantee that an audit conducted in
accordance with ISAS IUKI will a￿ayS delect a mateilal misstslement when it exists. Misslaternenls can arise
from fraud ￿ eiror and are consldered material rf. indimdually or in the aggregale. they could reaSona￿Y be
xpecled lo influence the decisions ol useis taken ¢)n the basis of these financial statements.
Irregularities. including Iraud. are inslances of non-comptiance wlh laws and regulalws. We design pr￿edureS
in line with our responsibililies. outlined above. lo detecl material misslaten*nls in respecl ol irregularilies,
ir)cluding fraud. The extent lo whit* procedures are capable of delecling irregularilifrs. including fraud is
detailed below..
Based on our underslandin9 01 the charilable company and the environment in which il operates, we idonlifi8d
Ihal (he principal risks of non-compliance wilh laws and fegvlalions relaleo lo charity law, and we considered the
extent lo which Tr)n-compliance might have a material effeel on the Iinanual stalemenls. We also considered
those laws and iegulalions that have a direcl impact ￿ the preparation of the financial slalemenls such as Ihe
Companles Act 2CK)6 and the Charities Act 2011.
We evalualed management's incentives an¢J opportur)ities lor fraudulent m8nipu181l￿ of Ihe financial slalemenis
lincludin9 the risk of override of conlrolsl. Audit procedU￿S performed by the engagement team included..
Inspecung c¢xr8spondence wlth reguL8lL¥S aThJ tax authC￿tieS.
Discussions wilh management including consideralion of kTh)wn or suspeded instances of non-compliance
with laws and regulation and fraud.,
Evaluating managemènt's controls designed to wevent a￿5 detect IrrèJularities,'
Identifying and testing i￿rna￿.
Challenglng assumptions and judgernenls made ty management in Ihelr #c&￿ThI1r￿J a8￿MIl&s.
Because ol the inherent limitations ol Èn audit. Ihér6 is a risk that we will not delect all Irregularilles, Includlng
tho5818ading to a material misslalemenl in the financlal slalemenls or non-compllan¢e wilh règulallon. Thls rfsk
Increases the m￿e that compliance with a L2w or regulouon Is removéd from the events and transactions relle¢l8d
n the Ilnandal slalemenis. as we ￿11 be less likely lo become aware of instances of r￿n-complI8nC@. The risk is
also gcèater regardlng IrrèguL4riti8s ￿￿mr￿d due to fraud ralher Ihan error, as fraud Involves Inlènlional
concealment. forgery, colluslon, onNssion or misr8presenlatM)n.
A further description of our reSpOns￿li1111eS lor the audil of f￿ancial $18lements is located on the Financial
Reporting Council's w8bslte al= ¥Mv.frc.or
.uklaudilorsres
nsilxlilies. This descrlplion lorms part of trjr Audllors.
Report.
Page 9

BROMSGROVE SCHOOL FOUNDATION
INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF 8ROMSGROVE SCHOOL FOUNDATION
(CONTINUED)
Use of oui r•port
This report is made solely lo the chari18ble compan￿$ Iwslees. as a ts)dy. in accordance wilh Part 4 01 Ihe
Charilies (Accounts arKI Reportsl Regulal#)ns 2008. Oyr a¢>Jil work ha5 been undertaken so Ihal we might stale
lo Ihe charitable cornp4ny'5 Iruslees Ihose matters we are required lo state lo them in an Auditors. Report and for
oltter purpose. To Ihe lullesl extent FErmitted by law. we do nol accept or assume restKTrr)sibility lo anyone other
than the charitsble company its members. 85 a body. for audit work. for this rep)rt. or fctr the opir)ions we
have lorr￿1.
Hay5Mac LLP
Adam Halsey {Ser)ior statul¢yYA￿JIIor1
10 Queen Streei Place
London
EC4R 1AG
Dale-. 2110512026
Haysmac LLP are eligible to act as authlix5 in tÈmis of section 1212 of the Companies Act 2CK6.
Page 10

BROMSGROVE SCHOOL FOUNDATION
STATEMENT OF FINANCIALACTIVITIES (INCORPORATING INCOME AND EXPENDttUREACCOUNTI
FOR THE YEAR ENDED 31 AUGUST 2025
R•strkt•d Unrestrlct¢d
funds
funds
2025
2025
Total
funds
Total
lunds
2024
2025
Income from..
Voluntary inc(¥me'.
Donations and legacies
Investments
131.960
57,116
131.960
57,116
193.201
50.392
Total income
189.076
189,076
243.593
Expenditure on:
RaSsing funds
Chaiitable aclNthes
149,375
149,375
100,458
Total expendllure
149,375
149.375
100.458
Net Income before net galns
Iloss851 on Investments
Nel gairks (losses) M inves1￿nIS
39,701
150.009)
39,701
150,0091
143.135
150.115
Net movom•nt In funds
110,3081
110,3081
293.250
Rèconclllallon of funds:
Total funds broughl foTh¥ard
N61 movemenl in furKIs
17.697
2.175.919
{10,3081
2,193.616
(10.3081
l,9￿.36fj
293.250
Total funds carrf•d forward
17.697
2.165.611
2,183.308
2.193.616
All of Ihe eharilable c(xnpanWs activities during the above Iwo financial years derived from eonlinuing 8clivities.
All ol the charitable company's irKome, expendiluie 8nd gains in Ihè Prior year related ID unrestricted funds.
The noley on pages 13 to 21 fomi part of these ffinancial slalements.
Page11

BROMSGROVE SCHOOL FOUNDATION
REGISTERED NUMBER: 060848T9
BALANCE SHEET
AS AT31 AUGUST 2025
2025
2024
Nolo
Flxed ass•ts
Fixed assel inveslments
1.943.196
1,993,205
1,943,196
1.993.205
Current assets
D8blor$
Ca¥h 81 bank gnd Wb harKJ
1722
294.506
53.889
195,520
297,228
249,409
Cieditors.. 8mounts falli￿ due within <￿e
year
10
157,116)
(48.998)
Net ¢urr6nt assets
240.112
200,411
Total assets less current liabiltties
2.183,308
2.193,616
Charlty funds
Reslricled funds
Unr8slricled funds
11
17,697
1165,611
17.697
2.175,919
Total fund$
2,183,308
2.193.616
The flnanclal slalamenls have been pr6par8d kn accc*danc8 wilh the ryovlslons aprlicabl8 lo enlStles sublact lo
th6 small compan￿5 règimè.
hefi
al stalemenls were approved and aulhortsed forissue by the Trustees and signed on their behalf by:
M Taylor- Cha
an
Dat8.. 14th May 2
The notes on pages 13 to 21 form part ol these financial slatemenls.
Page 12

BROMSGROVE SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
G•n•ral Informallon
Bromsgrove School Foundalion is a c£mpany limited by guarantee, nol having a share c8pi181 and Is
govemed by Sts memorandum and art￿leS of assodalion.
A¢countlng pollcles
2.1 Bas18 of prèparatlon of flnanclal 8iatoment$
The financial slalemènts have bew rwred in ath)rdanc8 wilh th8 Chariliés SORP IFRS 102} -
Accounting and Rewriing by Charities.. Slalemenl ol Recommended Praclice applicable lo charilies
preparing their 8ccounts in accordance with ihe Financial Reporting Standard applic8bl8 in the UK an
RerAJbllc ol Ireland IFRS 102)16ffeelive 1 January 20191. lh8 Financial Reporting Slanclard applicable
in the UK and ResxJbli¢ of IreL4nd IFRS 102) and lh8 Companies Act 2W6.
8romsgrovè Scthool Foundatth mÈ6ts Ihè d8linlt4on of a publ￿ ￿nÈrIt enllty under FRS 102, Assèl$
and liabili118s ir6 inilièlty r6¢09nised al hislrxical eosl or Iransaction valué unlèss olh6nvise slalod in
Ihe relevant accounlin9 policy.
2.2 InGome
Inveslment income is acc￿nted for on a receivable basls.
Donalions and18gacie$ are induded on receipl crf bèing notif￿ 018 dislribulion if 6arh'er.
2.3 Expendltur9
Expendllufe Is allocaled to th6 partkular actNity where the cost relales difecily lo Ihal aclNIty.
Expendllure on ch8rilable aclivilies Is Sncufred on direclly undèrtaking lh8 activiti@s which furthèr lh•
Company's objeclNes. as well as any assock4led suptx)rt cosls.
Grants payable are charged in Ihe year wthen Ihe offer is madg excepl In those ¢as8s wheré lh8 off8r
is conditional. such grants bwng recognised as expenditure w￿n the conditions allaching are (ullilled.
Gfanls off6fed suW"6cI to t￿dI1￿￿$ which have nol been m81 al th6 year and are noted as a
commitment, bul not accrued as expenditure.
Govemance costs &imprise direct cosls for Ihe slalulory and govemanca expèndilura of the charlly
logelher with an allocat￿ ol suppcrf ¢osls.
2.4 Investments
Listed inveslmenls are vakjed al bvJ-p¥ice on the balar￿e sheel dale. Realised and unrealised
gainsAosses on investments are induded in the Slalemenl of Financial Aciivities.
2.5 Debtorn
Other debtors are recognised al the Set1￿ment &noJnt.
2.6 Cash at bank 8nd In hand
Cash at bank arbd in hand includes cash and short-term highly liquid inveslmenls with a short maturlty
of three months or less Irom the dats of acquisition ￿ opening of the deposit or similar accounl.
Page 13

BROMSGROVE SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
AccountSng pollcl•$ {¢ontlnu•dl
2.7 Llabllltl8s and provlslons
LiaLMlilies are recogni5ed when there is an obl￿all0￿ at th& Balance Sheet dalo as a rosull of a pasl
evenl. il is probable that 8 transfer ol economic Ixnefit wll be required in setuemenl, and the amwnl
of the settlement can be estimated reliably.
2.8 Financlal In5trurnents
The Company only has financial assels and financial liabililies ol a kind that qualify as basic financial
inslrurnenls. Basic financial in51rumenls are inilially reco9nised al Irans8ciion value and subsequently
rneasured 81 their settlemelll value with the exception of bank loans whKh ale subsequenuy measured
al amcrfised cost using the effeth? ￿terest metlK¥J.
2.9 Fund
Unrestricted funds comprise accumulated surptuses and deficits ￿ general funds. They are available
f(* use al Ihe thscfetw￿ ol the Trustees In fvrtherance ol the general charitable objects.
Reslricled funds are fuTrJs which afe to be usgj in accordarKe wilh Specific restriclions imp￿ed by
the donor.
Income from donatii>ns and legacie¥
Unrestrlctod
funds
2025
Total
funds
2024
funds
2025
Donat￿nS
131.960
131.960
193.201
Total 2024
193.201
193.201
Invostmont Incomo
Vnrestilctod
funds
2025
Total
funds
2025
Total
funds
2024
Income from local lisle(l inveslwEnls
57.116
57,116
50.392
Total 2024
50,392
50.392
Pa9e 14

BROMSGROVE SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Analysis of expenditure on charitable a¢tiNrylie$
Summary by fund type
Unre$trf¢ted
lund5
2025
Total
2025
Tot
2024
Awards
149,375
149,375
100.384
74
Expendiluie
149,375
149,375
100,458
Total 2024
100.458
100.458
Page 15

BROMSGROVE SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGVST 2025
Analysis of eipendilure by activities
Activities
undertaken
directly
2025
Total
funds
202S
Total
funds
2024
Awards
Expenijlu
149,375
149.375
1LX).384
74
149.375
149.375
100.458
Total 2024
100.458
100,458
Fixed asset investments
Listed
Investsnenls
2025
2024
Valuatlon
At 1 September 2024
Additions
1,993.205
1,843.328
373,000
Disposals
1373.2391
Revalua11￿$
{￿,009)
148,284
RealSsed gains
1,832
Al 31 Augusl 2025
1.943.196
1.993,205
Page 16

BROMSGROVE SCHOOL FOUNOATION
Trustees Remuneration
No Irustee re(*lved any ￿mme[3110n or re1ml￿￿ent ofexp8ns8.
Dgbtors
2025
2024
Other det4ors
2.722
53.8B9
10. Creditors- Amounts falling due within one year
2025
2024
knounts payable to Brornsgroye Schcd
57.116
48.998
Page 17

BROMSGROVE SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
11. Stst•m•ntoffunds
Balance at 1
S¢pl¢mber
2024
Balance at
Gainsl 31 August
(Losses)
2025
Income Expenditure
Unreslrkted funds
General Funds- all lunds
2.175.919
2,175.919
189.076
189.076
1149.375)
1149,3751
150,0091
150,0091
2.165,611
2.165,611
Rè8trf¢t*d funds
Restricted Funds . all fvnd¥
17,697
17,697
Total of funds
2,193.616
189.076 {149,375)
150.0091
2.183,306
The Reslricled Funds include..
The John Nichoms Fund 1£5.251). whKh represents a donalion lo be used f(x the Brc*nsgrove School
Expedition Club or iflhis is not rx)ssible Ihe inleresl shwld be used to fund an annijal award lo a deserying
Sixth Forfflei 10 3tten(l a qualif￿ng course al one of the Gfeal (hJldwr Pursuit Cenlres.
The Roger Brazier Fund1£2.4461. represents donalions to be used to supk*yt the learning of pupils
with Dyslexia.
The Tim Taylor fund (£10.CM)01. whith is to be used for ￿ development ol the Leaming Resource Centre
Page 18

BROMSGROVE SCHOOL FOUNDATION
NOTESTOTHE FINANCIALSTATEMENTS
FOR THE YEAR ENDEO 31 AUGUST 2025
11. Statemenl ol funds {￿ntinued)
Statement ol funds- prfor year
Balance al
1 Septemb
2023
Gainsl
IL055es)
31 August
2024
Income Ex￿rK11t￿re
Unrestricted funds
General Funds- all funds
1.882.669
243.593
(1W.458)
150.115 2.175,919
R•$trlct•d funds
John Nicholls Fund
Roger Brazier Fvr¥J
Tim Taylor Fund
5251
5.251
2.446
10.000
10.CI)O
17,697
17,697
Total of lunds
1,9LK).366
243.593
(ILK).4581
150.715
2,193.616
Page 19

BROMSGROVE SCHOOL FOUNDATION
NOTESTOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
12. Summary¢ffunds
Summary of fund¥- Current y•ar
8alan¢e at 1
S¢ptembei
2024
Balance at
Gainsl 31 August
{L05ses)
2025
InryNne Expenditure
General funds
Re5tric¢ed funds
2,175,919
17,697
189.076
(149.375)
Iso.0091 2.165,611
17,697
2.193.616
189.076
(149.3751
ISO.CrfI9I 2.183,308
Summary of fundg. prlor year
Balance al
1 September
202?
Balance al
31 Augusl
2024
Gainsl
IL¢)ssesl
Ir￿me Expendilure
General funds
Rest￿le￿ fvrvjs
1.882.669
17.697
243.593
1100.4581
150,115
2.175,919
17,697
I.9￿.368
243.593
1100,4581
150,115
2.193,616
13.
Analysls of net assets between fvnds
Analysls of net a$￿t$ between funds-
Current
period
R•$trlcted Unr•strlcted
lundts
funds
2025
2025
Total
fund8
2025
Fixed asset ￿yeS¢mentS
1.913,196 1,943,196
279.531
297,228
(57.1161 157,116>
Current a￿ts
Cre(lilors due wiihln one year
17.697
Total
17.697
2.165.611 2,183.308
Page J)

BROMSGROVE SCHOOL FOUNDATION
NOTESTOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Analysis of not assets between funds (continued
Analysis of net assets between funds - prior peri¢d
Restr￿le￿ Unrestricted
fwds
funds
2024
2024
Total
funds
2024
Fixed asset investments
Net Ojrient assets
Creditors due wilhin one year
1,993.205
231.712
148,9981
1.993,205
249.4Q)
148.9981
17.697
Total
17,697
2,175.919
2,193.616
14. ULTIMATE PARENT UNDERTAKING
Bmmsgrove Sch￿1 Llmbted is the sole mémber of Broms9rovè SchcM)l Foundatlon and is Ihe ullimal8 parenl
company. The Foundalion made awards of £149.375 12024." £1(K).3841 lo Bromsgrove School Limiléd
towards Ihe IV￿ling ol l)ursariès. There were no other related party IransaclN)ns.
Page 21