Docusign Envelope ID: 75ABEF17-AF3E-413A-9BD9-0483579CEA8E
COMPANY REGISTRATION NUMBER: 07178587 CHARITY REGISTRATION NUMBER: 1135207
Amici Bruerni
Company Limited by Guarantee Unaudited Financial Statements 31 March 2025
Docusign Envelope ID: 75ABEF 17-AF3E-413A-9BD9-0483579CEA8E
Amici Bruerni
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
| Page | |
|---|---|
| Trustees’ annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notestothefinancialstatements | 7 |
Docusign Envelope ID: 75ABEF 17-AF3E-413A-9BD9-0483579CEA8E
Amici Bruerni
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
| Registered charityname | Amici Bruerni |
|---|---|
| Charity registration number | 1135207 |
| Company registration number | 07178587 |
| Principal office and registered | Suite 3 Bignell Park Barns |
| office | Chesterton |
| Bicester | |
| Oxfordshire | |
| OX261TD |
The trustees
Helen Speroni Siobhan Wren Susan Bolten-Pappas Sean Crosky Simon Cairns Clare Mckeon Hayley Tolson (Resigned 30 January 2025) Michael Wright Courtenay Wright Lucinda Playfair Leo Ryan (Appointed 13 October 2024) Eugenie von Haniel (Appointed 13 October 2024) Thomas Rutherford (Appointed 10 June 2025) Company secretary Clare Mckeon Independent examiner N J Cadwallader
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Docusign Envelope ID: 75ABEF17-AF3E-413A-9BD9-0483579CEA8E
Amici Bruerni
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report) (continuea)
Year ended 31 March 2025
Structure, governance and management
Constitution
The company is registered as a charitable company, charity number 1135207, company number 07178587, limited by guarantee and was set up by a Memorandum and Articles of Association on 27 January 2010.
Method of Appointment or Election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of the Association.
Organisational Structure and Decision Making
The Trustees of the Charity are legally responsible for the overall management and control of the company and meet at least twice a year.
Risk Management
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. The Trustees do not consider that there are any significant risks or uncertainties in the charity at the year end.
Objectives and activities
The Charity's Objects, as set out in the Articles of Association are to advance, for the public benefit, the education of pupils at Bruern Abbey School by engaging in activities or providing facilities or equipment (which would not otherwise be provided) and to pursue such other ancillary educational activities and other associated activities for the benefit of the community.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit and in particular to its supplementary public benefit guidance on advancing education.
Achievements and performance
The charity raises funds from donation income and from holding fundraising events to support the provision of activities, facilities and equipment to benefit the education of pupils at Bruern Abbey School. The charity also maintains a Bursary Fund, which is currently available to prospective and existing pupils of Bruern Abbey School on a means-tested basis.
Detailed and accurate budgeting combined with close monitoring and control of expenditure ensures the objectives are met.
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Docusign Envelope ID: 75ABEF 17-AF3E-413A-9BD9-0483579CEA8E
Amici Bruerni
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report) (continuea)
Year ended 31 March 2025
Financial review
The reserves represent unrestricted and restricted funds. Income for the year amounted to £173,063 (2024: £89,563) which resulted in a surplus for the year of £43,147 (2024: deficit of £17,827). Funds carried forward total £255,133 (2024: £211,985)of which £89,913 (2024: £142,810) is represented by restricted activities.
Plans for future periods
The charity will continue to fundraise to support the provision of bursaries and provide equipment and facilities at Bruern Abbey School.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees’ annual report was approved on 12 December 2025 and signed on behalf of the board of trustees by:
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CmSigned by:Spurov
3CA206F FS4A3482
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Helen Speroni Trustee
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Docusign Envelope ID: 75ABEF17-AF3E-413A-9BD9-0483579CEA8E
Amici Bruerni
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Amici Bruerni
Year ended 31 March 2025
| report to the trustees on my examination of the financial statements of Amici Bruerni (‘the charity’) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
“ N J Cadwallader Independent Examiner For and On Behalf of David Cadwallader & Co Limited Suite 3 Bignell Park Barns Chesterton Bicester Oxon
12 December 2025
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Docusign Envelope ID: 75ABEF17-AF3E-413A-9BD9-0483579CEA8E
Amici Bruerni
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Totalfunds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 111,808 | - | 111,808 | 59,063 |
| Other trading activities | 6 | 60,849 | - | 60,849 | 29,632 |
| Investment income | 7 | 406 | = | 406 | 868 |
| Total income | 173,063 | = | 173,063 | 89,563 | |
| Expenditure | |||||
| Expenditure on charitable activities | 8,9 | 77,018 | 52,897 | 129,916 | 107,390 |
| Total expenditure | 77,018 | 52,897 | 129,916 | 107,390 | |
| Net income/(expenditure) and net | |||||
| movement in funds | 96,045 | (52,897) | 43,147 | (17,827) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 69,175 | 142,810 | 211,985 | 229,812 | |
| Totalfundscarriedforward | 165,220 | 89,913 | 255,133 | 211,985 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
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Docusign Envelope ID: 75ABEF 17-AF3E-413A-9BD9-0483579CEA8E
Amici Bruerni
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Note|£|£|
|Current|assets|
|Cash|at|bank|and|in|hand|261,411|214,259|
|Creditors:|amounts|falling|due|within|one|year|12|6,279|2,274|
|Net|current|assets|255,132|211,985|
|Total|assets|less|current|liabilities|255,132|211,985|
|Net|assets|255,132|211,985|
|Funds|of|the|charity|
|Restricted|funds|89,913|142,810|
|Unrestricted|funds|165,220|69,175|
|Total|charity funds|13|255,133|211,985|
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For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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° The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved by the board of trustees and authorised for issue on 12 December 2025, and are signed on behalf of the board by:
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[enSCA206FF54A3482Signed by: Spurovu
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Helen Speroni Trustee
The notes on pages 7 to 12 form part of these financial statements.
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Docusign Envelope ID: 75ABEF17-AF3E-413A-9BD9-0483579CEA8E
Amici Bruerni Company Limited by Guarantee Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Suite 3 Bignell Park Barns, Chesterton, Bicester, Oxfordshire, OX26 1TD.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Docusign Envelope ID: 75ABEF17-AF3E-413A-9BD9-0483579CEA8E
Amici Bruerni Company Limited by Guarantee Notes to the Financial Statements (continuea)
Year ended 31 March 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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e — income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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e legacy income is recognised when receipt is probable and entitlement is established.
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e income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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° income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: ® expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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e expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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e other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
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Docusign Envelope ID: 75ABEF17-AF3E-413A-9BD9-0483579CEA8E
Amici Bruerni
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Financial instruments (continueg)
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The Company is limited by guarantee. The Members of the company guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 111,808 | = | 111,808 |
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Docusign Envelope ID: 75ABEF 17-AF3E-413A-9BD9-0483579CEA8E
Amici Bruerni
Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 31 March 2025
5. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | - | 59,063 | 59,063 | ||
| 6. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Fundraising events | 60,849 | 60,849 | 29,632 | 29,632 | |
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 406 | 406 | 868 | 868 | |
| 8. | Expenditureon charitable activities byfund type | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Advancement of education | 67,587 | 52,897 | 120,484 | ||
| Support costs | 9,431 | - | 9,432 | ||
| 77,018 | 52,897 | 129,916 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Advancement of education | 28,970 | 76,093 | 105,063 | ||
| Support costs | 2,327 | - | 2,327 | ||
| 31,297 | 76,093 | 107,390 |
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Docusign Envelope ID: 75ABEF17-AF3E-413A-9BD9-0483579CEA8E
Amici Bruerni
Company Limited by Guarantee Notes to the Financial Statements (continuea)
Year ended 31 March 2025
9. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | |||
| directly Support costs | 2025 | 2024 | |||
| £ | £ | £ | £ | ||
| Advancement of education | 120,484 | - | 120,484 | 105,063 | |
| Governance costs | - | 9,432 | 9,432 | 2,327 | |
| 120,484 | 9,432 | 129,916 | 107,390 | ||
| 10. | Independent examination fees | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independentexaminationofthefinancialstatements | 690 | 690 |
- Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
12. Creditors: amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 3,621 | - |
| Accruals and deferred income | 2,658 | 2,274 |
| 6,279 | 2,274 |
13. Analysis of charitable funds
Unrestricted funds
| At | ||||||
|---|---|---|---|---|---|---|
| At | 31 March 202 | |||||
| 1 | April 2024 | Income | Expenditure | 5 | ||
| £ | £ | £ | £ | |||
| General | funds | 69,175 | 173,063 | (77,018) | 165,220 | |
| At | ||||||
| At | 31 March 202 | |||||
| 1 | April 2023 | Income | Expenditure | 4 | ||
| £ | £ | £ | £ | |||
| General | funds | 69,972 | 30,500 | (31,297) | 69,175 |
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Docusign Envelope ID: 75ABEF17-AF3E-41 3A-9BD9-0483579CEA8E
Amici Bruerni
Company Limited by Guarantee
Notes to the Financial Statements (continue)
Year ended 31 March 2025
13. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 March 202 | ||||
| 1 April 2024 | Income | Expenditure | 5 | ||
| £ | £ | £ | £ | ||
| Hardship fund | 142,810 | .- | (52,897) | 89,913 | |
| At | |||||
| At | 31 March 202 | ||||
| 1 April 2023 | Income | Expenditure | 4 | ||
| £ | £ | £ | £ | ||
| Hardship fund | 159,840 | 59,063 | (76,093) | 142,810 | |
| 14. | Analysis of net assets between funds | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Current assets | 33,501 | 227,910 | 261,411 | ||
| Creditors less than 1 year | (6,279) | - | (6,279) | ||
| Net assets | 27,222 | 227,910 | 255,132 | ||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Current assets | 71,449 | 142,810 | 214,259 | ||
| Creditors less than 1 year | (2,274) | - | (2,274) | ||
| Netassets | 69,175 | 142,810 | 211,985 |
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