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 TI￿Stee$
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 Pe1￿e1]S
attliew Undei'hill
(appoiiited 1111112024)
(Itsi8iied 1111112024)
Regi8tei￿l 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, col￿p1'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 A￿oI111t111g 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¢ cOmpan￿S 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 Exa￿l￿e1 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 i￿p0A.(
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
Um￿triCt¢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 fIl￿nclaI 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' e￿delI31 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$uir.
Incoine
Incoiiie fiDm donRtions is I'ecogiiised wliei) rec¢ived i'epipsenting the point al whicli the
chaiity has entitlement to the ￿ndS..
Investment Inwill¢
Investment incom¢, comprisuig interest re¢¢ivable fiK)m the Foundation's short-term
deposit a￿Ount lield witli the Society, is accoiinted for on an aocnials basis.
Finan¢ial insti'uments
The Foundatioi)'s fin4n¢ial iT]sITumenls comprise cash ftt bank. Tllese cash deposits are
eAsuird at &moitised 005t, available on d¢niaiid aiid al'e intei'est-beai'ing.
un￿StriCted funds
Uni'oslricted fiJnd$ 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.