WEST. BROMWICH BUILDING SOCIETY FOUNDATION Trustees, Report Aeeounts for the year ended 31 MAreh 2025 Registered number.. 14541597 Registered Charity numbei.: 1205559
WEI ST BROMWICH BUILDING SOCIETY FOUIYDATION Table of Conleiils Page Refeirnce aiid Adinit)ish'ativ¢ Delai15 Tfft'Lislees' Repoil Responsibilities of TIStee$ Independent ExainineiJs Repoit to Ilie Triistees Stat¢ment of FiJJan¢ial Activities Balance Sheet Notss to tho Accounts
WEST BROMWICH BUILDING SOCIETY FOUIYDATION Refei'ence And Admini5ti'4tive Details Trustee5 JonaihÈii Westhotf Sophffte P#z%llglia Gurvindej. Glenlioline AiidiBw Joi)e8 (Cliair) {appoiiited 1110712024) Seei'etaiy Saiah Pe1e1]S attliew Undei'hill (appoiiited 1111112024) (Itsi8iied 1111112024) Regi8teil office 2 PIDvideiice Place. West BIDmwi¢h, B70 8AF Conipatty ReEi8tered Number 14541597 Ch**ity Registei'ed Number 1205559 BaMkeiT West Biornwich Building Society 2 Providence Place West Bromwich B70 8AF
W£{ ST BROMWICH BIJILDING SOCIEI TY FOUNDATION Ti'ustees, Repoi't (illeoi'pora¢illg the Directors, Report) Thc Ti'iislees, wljo a¢l as Dii'eciois foi. Il)# piii'puses of coinpany law) prcsent theii. I'eptsit aiid unaudited financial slaleineiits foi. tlie yeai. ended 31 MRIEh 2025. 1.he Refei'encc and Adininistr8five Details 01) page I foim pait of Ili¢ TIiTslees' Repoit. The fiii8iicial statements have been piypared in accoi'danee with the accounling policies set oiit in note I to tlie accounts aiid comply willi tlie Coinpaiiies Act 2006 and (he S(aiem¢nt or Recommended Practice (SORP) applicable lo cliai'ities piepariiig theii. accoiints in accordance with tlie Fiiiaiicial Reptsitiiig Standard iii tlie UIC and Republic of Irelaiid (FRS 102). Tlie We51 Bi'oinwich Building Society Foundatioii (the Foundation) qualifies as a small company iii accoidanee wilh S382(3) of Élle CompAni¢s Act 2006 and is theirfoi'e exempt rjoin the IfqLiirem¢iil to piEpaiE a StiJtegic Repoit Lll)der S414B of the Coinpani¢s Act 2006. This IEport hRs b¢¢n prepaiEd ill accordance witli Ilie special provisions applicable under the sinall compaiiies i'e8im¢. Structure, Govern*n¢¢ and ManAgement The Foundation is & charty registered in En8land & Wales, with ir8iSter¢d charity number 1205559. The Found&tion is a private company limited by guai?ntee. If the Foundation 18 wound up cui'rejit m¢mb¢rs and aiiy inemb•' tl)at lias ceased to be a member in the year pi'ior to the windiiig up. will conkn'ibute to the 8ssels of tho Foiindation, for.the paymeiit of the debts and liabiliti¢s of the Foundation conh'acted befoir they ceased to be a ]eMber. and of the Pf¢yinent of costs. chai'ges and expei)ses of windittg up. such amounts not exceeding the amoiint of their guarantee. The Foundation is gov¢rn¢d by its Memoixndum and Articles of Assooiation. Appointment of Tru8teeA Trustees 'e appointed by West Bromwich Building Society (the Society). No more than tliree Trustees should be dii'ectoiE. otYi¢ei's or einployees of the Society or any of its s¢ikn%idiarie8. At least one Tiustee should be a member of the Society. Objective5 Tlie objectives of the Foiindation aiE to promote. by the nie8ns of the making of grants or by aiiy other acts which the Trustees consider appropi'iate in pw'suit of.. The Irlief of those iii need by reason of youth, age, infiin]ity oi. dis&blement. povety or so¢ial and economio eirciimst8nces by piyimoting and suppoiting the provision of liousing aiid IBJited accoinftiodation iii 01.dei' to meet theii. needs and. where appropriate, lielp Iliem in beLomin¥ iiidepEndeiit. Jlie piEvention Jiid Iplief of financial l)Aidship oi. poverty by aPPlM)Pi'iate m¢ai)s su¢h as advancing edlleation and tt'aining in understanding 8nd achieving financial stability. Aiiy otliei. oliai'ilabl¢ pui'p05e accoi'ding to the laws of Eiiglond and Wales fiDm, time to tiine. 8nd Iij cacli case foi- tlie public benefit and prii)cipxlly witliin (but iiot liiiiited to) the g¢ogi'apl)ic areas witliin wliicli tli¢ Society's bi'Aiicl) iietwoi.k is based.
WLI ST BROMWICH BUILDING SOCIETY FOUNDATION The Trustees have had IEgaid lo tlic Chai'ity Coinrnission's giiidaiice on piiblic beiiefit wli¢TJ trvi¢iviiig the FoLiiidation's obj¢eliv¢s and on planning ils fliliire aelivities. Reviciv of AetivitiQ8, Achl¢v¢illents anil Pth,foiinallce In tlie fiiianci81 year the bouiidalion I'eceiv¢d £352,124 fiDm th'e Society's savings meillbeis, thi'oiigh tlie Society's donnaiit Accouiit sfjhcine. and earned iiivcslment ineome of £1,418 fiDm its shoil-tei'm deposit accoiiiil. Tlie Foiiiidalion Ineels the defiJ)ilioii of a small coInpany foi. accounting purposes ai)d the accolints lidv¢ becn piypai'ed on this basis. The Foui)dalion will use ifs incoine for Ilie pi'oinolion. by the meaiis of tlie mal(ii)g of giants oi- by aiiy othei- acts wliich tho Ti'ustees considei. apwopi-iale. ils charitable objcctives. Fiiillneial Revtew Tlie fiiiancial resiilts ofthe Foiindation are shown in the Sifttement of Financial Activities ot] page 6 and the finan¢ial position of the Foiiiidation is shown in tlie Balance Sheet on page 7. During the yeai., th¢ Foundation IEceived ineoine of £353.542. Thci'e was no expenditllre in the yeai.. Th¢ FouIidatioii comtnenced i$5uing an{S iti pui%uil of its. cl)ai'ilable objectives in April 2025. It 1$ iiol the iiitention of the Trustees, iii the long-leim. to hold a material level of Iindistribuled reserves. Signed on belialf of Ilie Truste4 Jonathan Weslhoff Ti'Listee I l December 2025
WII ST BROMWICH BUILDING SOCIETY FOUNDATION Responsibilitie5 of Trustee8 Tl)e TIu51¢¢5 (wlio al'e also diiECtois of West Bj'omwich Biiilding SoGiety Foiindation foi. the puiyoses of coillpany law) are responsible (oi. pilplli'ino Ilie Trustees, Allnual Report an(1 the rinuncial stateinents ii? accoi'danee with ai)plic&ble law aiid regtilation. Coinpaiiy law iequurs the trustees to pirpare financial stattillents foi. each financiRI pei'iod. Undei. that law tli¢ tiwslees have pi'epai'ed the fin4iicial statements in accoi'daiice with United Iciiigdoin Accountiiig Sialldat.d5, colp1'is1ng FRS 102 'Th¢ Fii)aiTrcial Reijorling StAndaiYl applicable in the UK and Repiiblic of Ii'eland,, and applicable law (United Icingdoiii Geiieially Acc¢pted AoI111t111g Piactiee)- Undei. ¢oJnpaiiy law Ilie Ti'iistees must not appiDve the Finaiicial slal¢iii¢nls uiilttss ihey aiE S*tisfi¢d that they. give a tt'lie and fail. view of tl)¢ slate of ilie affairs of the cliaritable eomp&iiy Und of the incoiniiig I'esoiii'ees aiid application of resoiiires. includillg the income and expendiliii'e, of il)e charitable coinpftny foi. Il)at p¢J'iod. Jn pIEI)aring tlie5e finHnci81 slateinenls, th¢ triistees are I'eqiiired to.. Select suit8bl¢ accountit]g policies and tl)cn app.ly thcin ¢oiisistoiitly' Ob5¢1v¢ Ihc methods and pi'iiicipl¢s iii Ilie Statement of Recommended Pra¢ti¢¢'. Accounliiig aiid Repoi'ling by Chariti¢$ (2019),. MBke judgm¢nt5 and estimates thAt air irasonable 8nd prud¢nt' Stale whelhei. applicable UK Aecowitiiig Standai'ds, compi'isillg FRS 102.1)ave bEe followed, subject to any material depaituips disclosed and explained in the financial stateinenls. and Pi'epai'e the financial stat¢meA)ts on tlie going conc basis uiiles$ it 18 inappi'opi'iate to pirsuine Il)al the ¢hai'ilabl¢ ¢ompany will continue in business. The Ti'uslees are I'esponsibl¢ for keeping adeqiiate accounting i'ecords that siiffi¢ient to show and explain the chai'itabl¢ cOmpanS tsansAetions and disclose with itasonablo acciu'aGy at any time tlie fiiiftncial position of the cliai'ilable cotnpaiiy und enable them to ensui'¢ that the fin2ncial statements coinply willi the Companies Act 2006. Thoy aiE also Tesponsible for safeguardiiig Ili¢ dSb¢ls of the charitable coinpany and liei)ce for taking reasonabl¢ steps for tlie preventioi) and detection of fraud and other ityegiilarities. Legislation in Il)¢ United Kiiigdom goveiThing Ilie prepai'atioii and dissemination of financial slateinei)ts may diff¢r from legislatioii in othei. jui'isdictions,
WEI ST BROMWICH BUILDING SOCIETY FOUNDATION Independent Exale1 s Report to the Trustees I Irport to tlic Fouiidation's Ti'iistees on my ex&mii?ation of tli¢ accounts of thc Foundation foi. the yeai. ended 31 MaiLh 2025. Re¥ponsibililI ba818 of ip0A.( As Ilie Trustees ()f the Foiiiidation (and also its diiEctoiE foi. tlie pui'poscs of company law) you are i'espoiisible foi. Ilie prepaiation of tlie accoiints in arxoi'dance witli tlie IEqUilEmenls of Ilie CompAiiies Act 2006 ('ti)e 2006 Act,). Havi1 satisfied niyself ilial the a¢couiits of Iho Fouiidation aiE not IEqiiii'ed to be audited undet, Pait 16 of the 2006 Act and Bi'e eligiblo foi. indepeiident exainiiiotion, l Jtpoi-l in iespeot of Iny exuJniiiation of your Foundalion's sjccovnts as cAI'i'ied out iiiider section 145 of 11)e Cliarities Act 2011 {'tlie 201 l Act.). kn caiyyiiig oiit Iny exainiiialioii I hav¢ followed (he Direetinn8 given by Il)e Chai'ity Coinmissioii undei. seotion 145(5) {b) ot the 201 l Act. ludependent exnniloei'8 StAteinent Since the foLiiidglion's gmss income exceeded £250.000 yoiir exaininer Inust be A membei. of a body listed in sextion 145 of tlie 2011 Act. I confiiin that l am qii&lifi¢d lo undertake th¢ examination because l an? a m¢mb¢r of Tlie 4nslitute of ChaiteiEd Ac¢oiiiitants in England and W&le4 wliich is one of the listed bodies. I Iiave ¢ompleted my ex8init]alion. J confiiin no mattth's liave come to my atteiition in connection witii the examination giving me cause to believe: l. Accounting records were not kept in iEspe¢¢ of the Fouiidation 09 required by section 386 of the 2006 Act. or 2. The accouiits do not acroiLI with those IEcords' or 3. The accoiiiils do not comply with the accounting irquirementg of section 396 of the 2006 Act othei. thali any I'equirejnent that the accouilts give a 'tiiic and f811. view, which is not a matt¢i' considered as part of ali ind¢pendent ex¥tmination- oi. 4. Tlie aceoiints have not been prepared in aecoidance with the Inetliods and priiiciples of the Stateinent of Re¢oinmended Pi'actTeC foi. accounting and r¢poiting by charities. I have no concorns and have come across no othei. iknattei's iii conne¢tion with tbe examintttioi) to wliich Rttention slioiild be diawn in this iEport in oitlei. to enable a prOp- iiiiderslanding of the accounts to b¢ reached. Tracey Jaines FCA lJ15titiits of Ch4itci'¢d Accoiintants iii England and Wales Studio 2. 50-54 St Pauls SquaiE Binningham B3 IQS Datcd.. I l Dec'gtnb 2025
WEST BROMWICH BUILDING SOCIII TY FOUIWATION Statement of Financial Activities (incorporating an Income and Expenditui'e account) foi. Iheyeai. ended 31 Mai'ch 2025 Notes 2025 2024 Donations 352,124 5.000 Inv¢stment income 1,418 I'olal ineome 353,542 5,000 Totsl expenditui Net iiicome for tbe period 353,542 5,000 Reconciliation of funds Total funds bought forw8rd 5,000 Total fund8 ¢Arried foiTrv&i 358,542 All funds are iinirsli'icted, The iiot¢s on pag¢ 8 Foim part of th¢se finaftcial slatemeiits.
Wri ST BROMWICH BUILDING Soclff TY FOUIYDATION Balance Sheet as ai 31 MaF'ch 2025 Notes 2025 2024 Clli'j'ent assets Cash at bank and in118nd 357.124 5,000 Othci. d¢biors IA18 Net curi'ent assets 358,542 5,000 Net assets 358 542 5,000 Tb¢"funds of the chaiily UmtriCt¢d fvnds 35&542 5.000 To141rb#rity funds 358.542 5.000 Th¢ Trust¢e&' (a) confiml'that the Company was entitled to exemption undei. Section 477 of the Companies Act 2006.fi'om. the.Irquireme]rt to have its accounts foi. the yea]. ended 31 March 2025 audited. (b) ¢onfirni that member5 have not Irqiiired the Coinp8hy to obtain an aiidit of ils accoutrts foi. that financial period in accordance with Section 476 of that Act. (c) a¢knowldge theii. Rsponsibilities foi. complying with tho requiremeiils of th¢ Cornpanies ACÉ 2006 with respectrto Unting records and tlio ptEparalion of a¢counts' and (d) acknowledge theii. responsibillties for prepai'ing accounts which giv¢ a tru¢ and fair view of the affairs of the Company as Rt the eiid of the financial pth'ii>d in accoixlance with Sectioii 393 of the Companies Act 2006 and wl)ich oth¢iwise ¢omply with the iequii'ements of the Compaiii¢s Aot relaling.to Rc¢ounts, so far as applicable to the Company. The notes on page 8 and 9 forni pait olthese fIlnclaI statcinents. The Rccounts hBve been prepared iii 8ecordan¢& with the $p¥¢ial prvvisions applicable to companies siibject to the sin811 eompaiiies regiin¢." These financial statements wei'e approved by the Trustees on I l D¢c¢inber 2025 aiid wei SI8tLed oil its belialf by. Jon han Ti'ustoc est
WEST BROMWICH BUILDING SOCIETY FOUNDATION Notes to the A¢¢ount8 Ye#i' edelI31 Mai'cli 2025 Aeeouiiting policies W¢$1 BIDinwicli Building Society Fouiidation 1$ a iegistei'ed cl)dl'ily and a pi'ivate coillpany liiniled by guaianiee incorporalod iii Eiiglund and Wales . Basis of PifPAI'ation Tlie accuuiils have b¢en prepaiEd in a¢cordance with tl)e reporling irqiiir¢ments of the Cliai'ilies Act 2011. togcthei. witli &pi)libllble accoiiiiting £tand8rds in th¢ United Kingdoin (FRS 102). Th¢ Foiiiidalion lias coiiiplied with tl)e AccoiLntiJig and R¢poi'ting by Cl)8rities.' StateiDeiit of R¢¢tsinmcnded Practice applicablé lo ch81'iti¢s pi'epai'ing tlieii. accounts in accoi'daiice witli the Financial Repoitiiig Siaiidard in the UK and Republio of bElai)d (FRS 102). There aiE no Inatei'ial unceitointies about the Foundation's ability lo continue foi. the foi'¢5e¢abl¢ fiittire. The accoiints have thei'efoi'e b¢¢n pirpaird on a going concern basis. The accounts are PiEpared undei-the historical cost collveiition. The financial statejnenls are pi'e5ented in pounds Si¢rling. The principal accounting polioies. all of whi¢h liave been applied throiighout the yeRr ended 31 Mairh 2025 air set out below. The Ti'iislee$ have not ideiitified any critical estimRtss oi. judgements requii'ing additionAI diselo$uir. Incoine Incoiiie fiDm donRtions is I'ecogiiised wliei) rec¢ived i'epipsenting the point al whicli the chaiity has entitlement to the ndS.. Investment Inwill¢ Investment incom¢, comprisuig interest re¢¢ivable fiK)m the Foundation's short-term deposit aOunt lield witli the Society, is accoiinted for on an aocnials basis. Finan¢ial insti'uments The Foundatioi)'s fin4n¢ial iT]sITumenls comprise cash ftt bank. Tllese cash deposits are eAsuird at &moitised 005t, available on d¢niaiid aiid al'e intei'est-beai'ing. unStriCted funds Uni'oslricted fiJnd$ ai'iso wlierc the donoi. ha5 not specified the use of the ndS foi. a par1iciilai' PTOj¢Ct oi. area of the charity's woi'k aTJd aiE tliei'eforc available for gciicrdl llse iii fiiiiherance of tlie ol)ai'ity's objeot4
Dollations Iii the yeg1' to 31 Mairh 2025 the Foui)dation received a cl)ai'itabl¢ donatioi? of £352.124 (2024.. £5,000) fi'om tlie Society's doi'inanl accouiit gcliein¢. Iiivestmejit Illcoine 2025 2024 Shoi't lemi deposit account 1,418 Related PArty Trall5actions Tlie ¢ll.]lab]e Company lias no einployces (2024: iiil). Diit'in8 the year, tlie TrLlS(ee$ received no IEmuiieiatioi) {2024- £iiil) aiid iio reiinbLirsemeiit foi. expenses (2024.. £llil) West BIDmwicl? Building Sooi¢ty (the Society) is a related party. The Society pi'ovides seciylai'ial and administrative suppoit, use of facilities and lime of 115 employees to assist the Trustees foi. which no cliai'ge is mad¢. The indepeiident examination fee of £1.200 18 borne by the Society. The Foiindalion did iiot meet tlie thJEshold for tEquii'ing an independent examination in the '10r year. Donations Irceived by the Fouiidation are deposited and withdrawn from Bn 8ccoiint held wilh Ilie Society. In the cun'ent finan¢ial year, the Chai'ity I'eceived £1.418 (2024: £nil) of inveshlleiit income on this 8¢couiII. Tli¢ balaiic¢ oil the account at 31 MaiEI) 2025 was £357,124 (2024: £5,000). There we]E no oihei. ti?nsactions oi. balances with any related parties.