Chorlty numbor: 1125232
BRIDGNORTH ENDOWED SCHOOL FUND ASSOCIATION
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENT8
FOR THE YEAR ENDED 31 AUGUST 2024
WR
Partners
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BRIDGNORTH ENDOWED SCHOOL FUND ASSOCIATION
CONTeNTS
R•f•r•nce and admlnlstratlvg dgtalh of thg Charlty, It* Trusté88 and &dvl8018
Trust88S' rnport
Ind•p•nd•nt •xamln•r'• r•port
Statom•nt of Ilnanclal aetlvlti
8¥lanc• Shoot
Not88 to th• flnanelal $tat•m•nts
9-14

8RIDQNORTh ENDOWED SCHOOL FUNDASSOCIATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARifY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Mr M Freathy, Chair
Mr3 S Underhill
Mr M Penn
Mr J Follette
Charjty r•glst•r•d
numb•r
7125232
Prln¢lpal offl¢•
Northgalg
Brid9n¢rth
16 4ER
AeeoyrTrtsnts
WR Partners
Chartorld Aetountants
Belmont H¢￿S0
Shrebvsbury Busina5s Park
Shrgwsbvry
Shropshire
SY2 6LG
Page 1

BRIOGNORTH ENDOWED SCHOOL FUND ASSOCIATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together wth the financval slaternents of the Charity for the perKd 1
September 2023 10 31 August 2024.
Obj8Ctives and aclivitie5
a. Pollci85 and oblectlv85
Th8 principle obj'ect of the Charity is to sdvance th8 education of the pupils altendiro Bridgnorth Edowed School
by piowding and a551Stin9 In the prov15ion of such facih'ties or item5 at the School Inol provided from stalulory
lundsl a5 the trustee$ shall from time lo time detemiino.
In setting objectives and ￿4￿nIng for actwities. the Truslees have given due cons￿eration to general guidance
published by the Chanty Comm155ion relating lo puuic benefit, Including the gU￿ance'PUbllc benelil. running
charity IP821'.
b. SITattgies for aehieving objectiv85
The charity r*ses funds lo achieve ils objectives through lundrai5iag event5 donations.
Athiqvem&nts and perforrnan¢¢
Revlew of a¢￿vItieS
Durin9 the year, the charrty $upported the Bridgnorth Endowed SchDDI by financralty assistiw a nurnber of
a¢twilies through fundraising activrties.
Flnancial reviow
. Golng concern
After making appropriate enquiries, thg Trustges havg a reagonablg gxpedation that the Charity ha5 adequate
resour¢es lo Continue In operational existence for the fore$eeable futu￿. For this reason, they continue to adopt
the going concern basis In preparing the financial statEment5.
b. Reserves ptsllcy
The Charity airns lo hold rèserves of a sullablo amount lo ensure that It's opening funding lor the school, which il
supports, 15 available. Thi5 15 based on the kn￿￿edge of UPCLxning events and trips whKh are lo be funded.
The freè reserves of the Charty al the end of tho finanGial yearwere £79.L)0412023". £72.9521.
Principal rlsks and uncertainties
The major risks to which the Charity 18 exposed. as identffied by the Trustees. have been reviewed 8ThJ $ysterns
hav8 b88n eslab1￿hed to rnltigale Ih0s8 risks.
Page 2

BRIDGNOFITH ENDOWED SCHOOL FUND ASSOCIAnoN
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
d. CustDdian funds
The charity hdd5 fvnds receNwJ for subscription lo a School BusMe5s Manager rthrk group (Shires
Educational Business Assockqlionl. This fuTrJ provides online support I re5cyJrces I CPD for educational
professionals lo support them, their schools and students therefore falls wrthin the custodian charity'5 objects of
aducalional support.
The funds are held in a $6paialo cost centrè within the school Ivnd which provides a clear $egregatK)n of funds
from the charitys o%w) assets.
During the year endiro 31 August 2024. the fund recwved income of E1.100 and exrknditure of £5.489. The
balance of the SEBA funds al the end of the yeai stood at £2.471. and are included within the bank balance on
the balance she8t.
Structure. governance and management
Constitutlon
81idgnorth Endowed S¢hod Fund A550riatK)n was coTrslituted by Deed on 14 May 21J08 and 1$ w151e￿ with
the Ch¥ity CommissK)n under charity nyrnber 112S232.
b. Method$ of appolntment or electlon of Twstee$
The management of the Charity is the responsibility of the Twstees who are elected and cwpted under the
lemis of the Trust deed
c. Organl$atlonal structure and decl$lon4naklng pollcl
The Chairty is managed by it5 803rd of Trustees. The dzy lo day Tnanagement and decisK)n making cf th8
Charrty 1$ delegated lo two ol ils Trustees, who are also membgrs of the Board ol Governors of the Academy
Trust whi¢h the ¢harty supports.
The Trust8e$ ol the Charity do ho￿ meetings whereby any irnportant decisions are made and the general
5trategi¢ plan fly the Charity 1$ Set
d. Related party relatlonshlps
The Charity fundra15es for 8ridgnorth E￿O￿e0 S¢hty)I, an Academy and company registe￿d In England and
Wa￿5 wth common direclorsltruslees.
Plans for future p8rlods
The Charity 18 Continuing lo look for additional ongoing fundraising and ways of increasing donation funding more
$0 than ever followiw the COVID pandemK and the 1rnP￿t il has had on school funding.
Page 3

BRIDGNORTH ENDOWED SCHOOL FUND ASSOCIATION
TRUSTEES, REPORT ICONTINVEDI
FOR THE YEAR ENOED 31 AUGUST 2024
Statsrnent of Tru$toes' ro$ponsibilitl•$
The Trustees are responsible lor preP￿n9 the Trustees, report and the financial stalernenls in ￿CordanCe with
applicable law and United KitYJdom kcounling Standard5 Iunited Kingdom Goneralty A¢¢epled Accounting
Praclicel.
The law appluble to charities in England & Wal85 requireE the Trustee6 to p￿pare financial statement$ for
each financial which gwe a true and foir vlew of the state of aff8irs ol the Charity and ol 11$ In¢omirtg resources
and 8ppI￿at10n of resources. Including rt$ incc¥ne and Èxpenditure, for that period. In preparing these financial
stalernents, the Trustees are required lo."
58lecl suitable accounting policies and then appty them consistently,
c4$erve Ihe method$ and pnnciples of the Charities SORP IFRS 1021,
make judgments and accounting eslmates that are reasonable and prudent..
slate whether appI￿able UK Accounts'ng Standards IFRS 1021 have been followed, SLA)ject to any rnatgrial
departures d15cIos8d 8nd explained in the finan¢o1 slatement5',
p￿pa￿ Ihe financial 5tateTnent8 on the going concern basis unless rt is Inappropnate to presume that the
Charity wll continue In business.
The Trustees are responsible for keeping adequate accounting records that are 8Lrfficienl lo show and explain
th8 Charil15 Iransaclrons and disclose with reasonabl$ accuracy at 3lly tim8 the financial positi￿ of the Charity
and enable IheFn to ensure that the financial statements compty wth the Charitie5 Act 2011. the Charity
IA¢¢ounls and Reports) Regulations 2008 and tha provisions of the Tru51 oseed. They are also responsible lor
safeguarding tho a$5els of lh8 Charity and hence for taking reasonable steps for the prevortt￿n and deteclh)n of
fraud and other Ir￿gularitieS.
Approved by oidei of tho rnemb8rs of the board of Trustees and swJned on their behaw by.
rs S Undèrhlll
(Trusleel
Dale.
Page 4

BRIDGNORTH ENDoweD SCHOOL FUNDASSOCIATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Independent Ex8mlnerf¥ Report to th• Trusts•8 of Brldanorth Endow￿ Scl*ool Fund
A￿o¢latIon I'the Charltyl
I roport ￿ the charity Trustees on my eyamination of the a￿O￿nts of thg Cha¢ity for Iha ended 31 August
2024.
RegponslbllMe8 and Bash of Report
AS the Trustee$ of the Charity you are responsib￿ lor th8 preparaticfi of th6 acctyJnts in accordance vith the
requirements ofthe Charitie8 Act 2011 1'th¢ 2011 A¢ri.
I raport in r•yt of my examinalion of Ihe Charit*¥ accounts carriad out under 58clion 145 of th& 2011 Act and
In carrying out my examination I have folk)wed the applicable Di￿tiOnS gNon by the Charity Ccynmissbn undèr
geeth?n 1451Sllbl of the 2011 ACL
Page S

BRIDGNORTH ENDOWED SCHOOL FUND ASSOCIATION
INDEPENDENT EXAMINER'S REPORT ICONT5NUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Independent Examinerfs Statement
Sin¢0 th8 Charivs gross in¢oTng 9xC8ed￿ £2SO,000 your examiner rnust be a member of a body listed in
section 145 of the 2011 A¢1. l ¢onfirm that l am qualified to undertake the examination because l am a m8mber
of (enter body here). which 1$ one ol the listed bodie8.
I havo ¢ompl¢ted my examination. l ¢onfirTv that no matters have ¢L¥ne to rny attent￿n in connection wrth the
examination giving ffle cause to believe that in any malerial resP￿t.
accounting records w8r8 not kept In respect of the Charity as ￿VIred by $eckn"on 130 of the 2011 A¢l". or
the accounts do not accord with those records. or
the ac¢ounls do not compty the 4ppI￿able requirements concerning the form and content of
8ccount$ $et out In the Charities IAcGounls and Reportsl Regulatsons 2008 other than any requirement
that the accounts gwe a 'lrue and fair, view which Is not a malter conS￿ered as part of an independent
examination.
I have no concerns and have come across no other rnallers in connection with the examination lo which
allenlion should be drawn In this ￿pOrt In ortler lo enable a proper understanding of the accoun18 to be ￿aChed.
This report 1$ made sdely to th8 Charit￿$ TNsteè5. a5 a body. in accordarte With Part 4 of the Charities
IAccountB and Reportsl Regulations 2W8. My work has been undertaken so that l Tn¥ht slate to the Charity'5
Trustees those maller5 1 arn required lo stale lo thern In an Ind8P8ndent examinei's report and foi no other
purpose. To Ihe fullest extent pèrmilled by law. I do not a¢cepl or a55ume responsibility lo anyone other than the
Chairty and the Charivs Trustees as a body, for my work or lor th15 report.
Signed
T Lunt
D81ed.. 1010712026
BA IHon$l FCCA MTPI
WR Partners
Chartered A￿ountants
8elmonl House
Shrew5bury Business Park
Shrew5bury
ShropshSre
SY2 6LG
Pa9e 6

BRIDGNORTH eNCIOWED SCHOOL FUND ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Unr•gtrlet•d
funds
2024
Total
funds
2024
Tol61
2023
Nots
Ineom• from..
Charit8bla In¢om¢
Inve¥tment8
281,180
281.180
237,649
Total Ineom•
261.187
281,187
237,656
Exp•rtditur• on:
Charitable expenditure
265.136
255,135
215.903
Total •xp•ndltur•
266.136
255,135
275,903
Net movement In fund6 bofor• oth•r rocognl$•d
g4Snslllog80s1
8,062
8,052
21.753
Other reeognl58d galns1110sses1..
Gxirts en rwaIuati￿ of fjxed 888ets
N•t movomont In Ivnds
8.052
6.OS2
21.753
Roeonelllollon of fynd•.'
Totsl funds brought fon¥ard
Net movement in funds
72,962
8.052
72.952
6,OS2
51, 199
21,753
Total lunds carrlod lo￿ard
79,004
72,952
The Ststemgnt of Finan￿41 ActMUe8 includes all gans losw recognised in the year.
The notes on page$ 9 10 14 form part ol these finartial staiements.
P8g8 7

8RIDGNORTH ENDOWED SCHOOL FUND A88OCIATION
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Not•
Flx•d 19g•tJ
Currnnt aasets
C88h at bank and In hand
80,718
74.252
80,718
74,252
Current Ilabllltlas
Crodrtor5'. amounts falling du8 ￿thIn on8
11,7121
(1,3CQ)
Not curront ass•ts
72.952
Totsl ￿$8¢$ Iw$ curr•nt Ilabllltles
79,004
72.952
N•t ￿Sets ¢x¢ludlno pen$lon as#èt
79,004
72.952
Total ngt a•set8
79.004
72.952
Charlty fund8
Restrict￿ fund$
Unr85tri¢led lut
79.004
72.952
Total funds
79.004
The financlal $tat8mants were approved and authorised for i88ue bythe Trusttsi and 5vJned on th&r behawby..
Mra S Vnd?rhlli
ITrustg91
Dat•..
iolIlL
The nolBS gn pages 9 to 14 form part ol thèso fina￿la1 8tatemants.
P89e 8

BRIDGNORTH ENDOWED SCHtJOL FUND ASSOCIATION
NOTES YO THE FINANCIAL STATEMENTS
FOR THE Y&4R ENDED 31 AUGUST 2024
General Infomatlon
Bridgnorth Endowèd School Fund Association was constituted by Deed on 14 May 2008 and is registered
with the Chanty Comrni58ion under charity nutnber 1125232 The principle object of the charty 15 10
advance the education of the pupik allending Bridgnorth Edowed School by providillg and assisting In the
provision of such facilities or items al the school Inot provided from statul¢Jry fund51 a5 the trustees shal
from time to lime delerrnine.
Acctsunting policies
2.1 Bas1$ of preparation ol financial statements
The financial statement5 have been prepared in accordance wth the Charities SORP IFRS 1021
AccoLJnting and Reporting by Chaiili88. Statwnenl of Recomtn8nded Practice applicable to charities
preparing their ac¢ounls in accordance %*ilh the Finanaal Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, thè Finarrial Reportsng Standard
appI￿able in the UK and Republ￿ of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements ha￿ been p￿pared to give o Irue lairf *iew and have departed trom
the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a'lrue
and fai¢ view. This departure has involved following the Charities SORP IFRS 1021 published In
October 2019 rather than the Accounting and Reporting by Charities.. Statement of R&ommended
Pra¢lice effective from 1 April 2005 which has since been wthdrawn
Bridgnorth Enclowed Schwl Fund ASsociationBr￿gnOrth Endowed School Fund Associal￿n meet$
the definition of a public benerrt entity under FRS 102. Asset5 and liabilities arÈ initially recognised at
historical cosl or Iran$*lion value unless otherwi89 Stat￿ In the ielevanl accounting polry.
2.2 Income
All Income is recognised once the Charity has entitlement lo the incoYDe, it 15 probable that th8
inwne wll be received and the amount of incorne receivable can be measured reliably.
Inc(hne tax recoverab18 in rel*ion to donations rec8iV8d under Gift or deeds of covenant 15
recoyni5ed al the time of the donation.
Incwe ta¥ recoverable in relation to investment income is r8cognised at tho Ilme the investment
income is IEceivabla.
2.3 Expendltur
Expenditure is reccgnised once there is a legal or constructNe obligation lo transfer ecOnDM￿ benerrt
to a third party. il Is probablo that a transfer of economic b8nelils will be required in 5ettl8menl and
the amount of the obligation can be measU￿d ieliably. Expenditure is classrfied by aclivrty. The cost5
of each *livity are made up of the lolal of direct ¢0$15 and shar8d costs. including 5UPPKIrt costs
involved in undertaking each activity. Dir8Ct costs atlnbulable to a single activity are allocated directly
lo that activity. Sha￿d cost5 which contribute to more than one acliwty and support cos15 ¥vhich are
nol attributable lo a single activity arè apportioned between tho58 a¢tNilies on a basis ConS￿tent with
the use of resource5. Central 8taff costs are allocated on the basis of time spent, and depr8cialion
Charges allocated on Ihe portK)n of the asset's usè.
Expenditure on charitable xtivit￿$ is incurred on dir6clly undertaking the aclivrties which further th8
Charills objgclive5, a5 w&ll as any associated support costs.
Pa9e 9

BRIDGNORTH ENDOWED SCHOOL FUND ASSOCIATION
NOTES TO THE NNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies Icontinuedl
2.3 Expenditure lcontlnuedl
All expendrture is inclusive d irr8COV8r8bl8 VAT.
2.4 Int8re5t r8ceivable
Interest funds held on dep0511 is includ8d when re¢epiable and the amounl can be measured
reliably by Ihe Charity.. this is normally upon nolificalion of th8 inler8St paid or payab￿ by the
nstilution Imth whom the funds are depDSrtecJ.
15 Cash at bank and In hand
Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short rnatur
of three month5 or185s trom the date of acquisition or opening of the deposil or simiLir account.
2.6 Llabllltles and provlslon8
Liabilitie5 are ffjcogni$ed when there is an obligation at the Balance sheet date as a re5uII of a past
event, Il Is probable that a transfer of economic benefi't will be r8quir8d in Sett￿ment. and the amount
of the selllement can be eslim81ed rella￿y.
Liabilities are recogni$ed al the amount that th& Charity anticipates it ￿711 pay to settle the debt or th8
amount il has received a5 advanced paytnenls lor the goLKls or 5eTvice5 It rru5t PlOVKJe.
Provi5ion5 a￿ Measu￿ al the be51 estimate of the arnounts required lo settk the obligation Where
the effect ol the lirne value ol money 1$ malerial. the prwsion is based on the present value of those
am￿nts. discounted at the p￿-taX discount rate that reflects the risks sw¢ific lo Ihg liability. The
unwinding olthe d￿cOUnt is recogThsed in the Statement of financ4￿ actNilies a$ a finan￿ cost
2.7 Flnanclal Instruments
The Charity only has financial as5els and financial liabilities of a kind that qualfy as basic financial
instruments Basic financial instruments are initially recogni5ed at transaction value and subsequently
measured al their 8eltlement value wrth the exception of bank loans which are subwuenlly
rneasurad al amortised cost U51ng the effectNe interest rneth￿.
2.8 Fund accounting
General funds are unrestric18d fund5 which are available for use al the disEretiDn of the Trustees in
furth8rance Df the general objectives of the Charity and which have not been designated for other
purposes.
Investm￿1 income, gains and losses a￿ allocated lo tt)e appropnale fund.
Page 10

BIIIDGNORTH ENDOWEO SCHOOL FUNDASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Incom• frorn oth•r tradlng xtlvttl
Incom•lrom fundralslng •vonts
Unrestrfctsd
nds
2024
Total
funds
2024
ro181
runds
2023
Charitaèk actiwti8s
261,180
281,180
237,649
Totsl 2023
237.649
237,649
lfivè#tmgnt Incoma
Unrotrlctsd
lund$
2024
Total
funds
2024
To181
fund
2023
Inve$¢menl incomg- bank Int•f•St
Total 2023
Anaty¥l$ of ¢xpondltuM ty actlvltlgs
Actlvltles
undertak•n
dor•￿lY
2024
Support
costs
2024
Total
funds
2024
To181
nds
2023
Ch8ritable activiti¢¥
252.997
2,138
255,135
27&903
Tota12023
21&551
352
215,903
Pag•11

8RIDGNORTH eNDOWED SCHOOL FUND ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 AUGUST 2024
Analy#l8 ol •xp•ndttur• by actlvltleg l¢ontlnuedl
Analy818 of 8ilPPOrt Costs
Total
lunds
2024
Total
lunds
2023
A¢tlvltle$
2024
2.138
2,138
352
Total 2023
352
352
Indepandent frxamlnarfs f?mungratlon
2024
2023
F88s payable lo the Charity'$ ind&p8ndènt axarnSn•r for the independent
ex￿Ination ofthe Ch8ri1l8 annual accounts
1,712
Tnwtg9$' r•munontlon and expen$e¥
During thè y•ar, no Trust￿ r¢¢gNgd any ramuneration er other benefts P023- £NIL).
Dudng the year ended 31 August 2024. no Tru5teE ewense8 have been irKurr•d {2023. £NILJ.
¢rgdltors: Amounts faulng du• wlthln on• y•ar
2024
3023
Ac¢rualg and dgferred ￿cOm0
1,712
1.300
P8gè 12

8RIDQNORTH ENDOWED SCHOOL FUND ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Slaiom•nt of fund•
Stat•mollt offund8. £urnnt yèar
Bahn￿ at 1
S•pt•mber
2023
B¥lonc• at
31 August
2024
Income Exp8ndllura
Unrestrtcted funds
R¢8grves
72,952
261,187
1255.13SI
St•torn•nt of funds. prlor year
88lan¢e al
I S8plembei
2022
B8lanc8 al
31 AugU51
2023
Income Expendllurn
Unr8Strl¢ted funds
Reserves
51, 199
23T.656
(21&9031
72.952
Page 13

BRIDGNORTH ENDQWEO SCHOOL FUNO ASSOCIATION
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 AUGUST 2024
10. Analy8h ol n•t au•ts b•tweon fundi
Analy•18 01 n•t ass•ts b•ts¥egn funds- ¢urr•nt p•rlod
Unrostflctod
fvnds
2024
Totsl
lunds
2024
Current 855ets
C￿dI10r8 due wthin on? year
80.716
11.7121
80,718
11.7121
79,004
79,004
Anulyais of not isaèts btstsveen fund$- prior period
Unrgslnctgd
tund8
2023
Total
funds
2023
Currant a5S8t8
Creditors due within on8 year
74,252
(1.300)
74 252
(1,3CW)J
Total
72,952
72.952
11. Rèlat￿ party transactlons
The Charlty fundraises for 8ridg•north EndtrN•d School, an Acaderny and ccrnpany registered
England & Wales with comrnon directors I trustees. All ol the charitsble expendibJr8 01 thè Charty is
cOr¢r￿ction with ¢haritablo xtiviti?5 undertaken by Bridgnorth End*)w8d S¢lp)Jl
Therewern no related party transadon during the finanrjal year (2023 £nill
Pagè 14