Charity number: 1209135 THE BRAMSTON FOUNDATION UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025
THE BRAMSTON FOUNDATION CONTENTS Page Reference and admlnlstratlve details ol the Companyj Its Trustees and advlsers Trustees, report Independent examiner's report Statement of flnancial activities Balance Sheet 10 Notes to the flnanclal statements
THE BFIAMSTON FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 JULY 2025 Trustees Diana Lucy Collis lappoinled 15 July 20241 Natalie Jane Lee lappoinled 15 July 20241 William Beardmore-Gray lappoinl8d 15 July 20241 Anna-Louise Peters lappDinled 23 January 20251 Ellen Haslell Vrana lapFX)inled 23 January 20251 Charity reglstered number 1209135 Reglstered offlcè Sl. Swilhun's School Alreslord Road Winchester S021 1HA Accountant8 Crowe U.K. LLP Chartered Accounlanls Medway Bridge House 1-8 Fairmeadow Maidslone Kent ME14 1JP Page 1
THE BRAMSTON FOUNDATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 JULY 2025 The Trustees present their annual reKK)rt together with the financial slalemenls ol Charity for the p8riod 15 July 2024 10 31 July 2025. The charity is conslituled as a charilatAe incorporated oroanisalion ICIOI. Objectives and activities a. Pollcles and oblectlves The objects ol the CIO are lo advance education al Sl Swilhun's School (The School) for the public benefit by providing funding, assistance and support in such manner as the Charity Trustees shall delerffline including IwilhoLJt limilationl the provision of.. IA) bursary support lor the benefit of pupils al the school who would be unable lo continue in education al the school or who would be unable lo commence education al the school despite bèing accepted, wilhoul financial assistance. and IBI funding lo the school towards the upkeep and development of its faGililies. In selling objectives and planning lor aclivilies, the Trustees have given due consideration lo general guKlance published by the Charity Commission relating lo public benefit, inclwling the guidance 'Public benefit.. running a charity IPB21'. b. Strategle8 for achlevlng oblectlves To achieve its Gharilable purposes. the Trustees have adopted the lollowng slralegies.. Developing a sustainable bursary programme, ensuring that donations received lor Iranslormational bursaries are allocated transparently and in accordance with donor inlenlions. Working in partnership with Sl Swilhun's School lo identify pupils who may benefit from means tested bLJrsary support and to Ljndersland priorlly areas where funding lor lacililies would have Ihe greatest impact on educational provision. Slrenglhening fundraising capacity by cullivaling relationships with donors, alumnae, parents and the wider school community, and by supporting a calendar ot fundraising events aimed al increasing restricted income lor bursaries and capital projects. Building designated reserves over lime. where possible, lo ensure long term suslainabilily ol bursary support and lo enable the Foundation lo respond flexibly lo lulure funding needs. Implementing appropriate governance and financial controls, ensuring all decisions relating lo bursaries and capital contributions are Iransparenl, evidence based. and aligned with the Foundation's charitable otq'ects. Page 2
THE BRAMSTON FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2025 Objectives and actlvltles Icontlnued} c. Acllvllles undertaken to achleve oblectlve8 During the period, the Foundation undertook a sel of activities designed to advanc8 Ils charitable purposes and encourage support for ils objectives. These included.. Managing the receipt and adminislralion of reslricled donations, particularly those given lor Iranslomialional bursaries and capital development al St Swithun's School. Coordinating and supporting fundraising events, including a silent summer auction and Chrislmas hamper ralllg, Ihal raised funds which were pul towards reslricled charitable purposes. Engaging with the School's senior leadership team lo understand funding needs and ensure donatlons were aligned with agreed priorities lor bursaries and facilities. Preparatory work lor the capllal bullding project, 'Building Active Lives al si Swilhun's,. Overseeing financial stewardship, including maintaining accurate records ol restricted funds. commissioning the indep&ndenl examination, and ensuring cornpliarre with the Charity's Conslilulion. Holding regular trustee meetings lo review funding rueStS, assess bursary needs and monitor the progress ol capital projects requiring financial support. These acliwlies rellecl the Foundalion's role as a grant making charity and responsible steward ol donor funds. d. Main activities undertaken to further the Charlty's purposes for the public benefit The Foundation's charitable activities during the period delivered public benelS1 by wld8nlng acces8 to education and contributing to the developrnent ol high quality school lacililies. Specifically.. Building the bursary fund enables lulure support lor pupils who would not otherwise be able lo start or continue al Sl Swlhun's due lo financial conslrainls, directly Conlribuling ID the advancement ol education for those with the greatest need. Supporting capital improvements al the School ensures that facilities remaln modern, sale and accessible, thereby enhanclng the school environment lor current and future cohorts ol pupils, as well as the wider community. Ensuring all reslricled donations are applied sol&ly for Ihoir intended charitable purposes, maximising the benefit derived from donor generosity and maintaining public Irusl. Acting in accordance wth the Charity Commission's guidance on publi¢ benefit IPB21 throughout planning and decision making, ensLJring that the Foundation's work conlribules meaningfully lo widening educational opportunity and improving outcomes lor young people. Facililaling fundraising that enables long term community benefit, ensuring that lulure bursary recipients and the broader school and public community continue lo benefit from enhanced facilities provision. Page 3
THE BRAMSTON FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2025 Achlevemenls and perlormance a. Maln achlevements ol the Charlty Announcing and updating the change ol slalus of the Foundation as a CIO wlh the supporting community through a variety ol communication methods. The founding three trustees ol the CIO had their first meeting on 26th September 2024. In January 2025, al the second Iruslee meeting {23rd January), two additional Iruslees were proposed and unanimously voted in lo join the Iruslee board. The cohort ol Bramslon beneficiaries for the year remained steady al len and the level ol fundraising remained in line with theirs and the school's needs. A lange of supporting fundraising materials and Iwo versions ol a promollonal film were completed lo launch the major donor fundraising lor the 'Building Active Lives al Swiihun's, fundraising campaign in spring 2025. b. Fundralslng actlvllles and Income generation Retention ol two signifan1 major donors for the Bramslon bursaries who have indicated they wlll increase Ihelr support next year. Delivery of evenls lo a wider audience. raising the profile ol the Foundation's work. A successful first Christmas hamper raffle and significant income from the summer silent auction in SL¢PPOrt of the bursaries programme. Flnanclal revlew . Going concern Aller making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources lo continue in 0rational existence lor the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial slalemenls. Further details regarding the adoption ol the going concern basis can be found the accounting Policies. b. Rosgrves policy The Charity's unreslricled reserves as al the balance sheet dale were £Nil. The going con¢ern ot the Charity is consldered above. The Charills r8slricled reserves as al the balance sheet dale w8re £167,502. Generd funds are unreslricled or free reserves which are available lo use al the discretion of the Trustees In furtheran ol the general objectives of the Charily and which have not been designated lor other purposes. The Trustees have set a largel level of reserves of £100,000 for translormalional bursaries. Page 4
THE BRAMSTON FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 JULY 2025 c. Compllanoe wlth the Charlty governance code The Trustees are aware of the requirements ol the Charity governance code and ensure the charitable operations coMFY with this code where appropriate. Structure. governance and management a. Constltullon The Bramslon Foundation is a registered Charity, number 1209135, and is consliluled as a CIO under a Conslilulion. b. Methods of appolntment or electlon of Trustees The manag8menl of the Charily is the resKK)nsibilily of the Trustees who are elected and co-opted under the terms ol the Conslilulion. c. Organisational structure and declslon-maklng pollcles The Charty is managed by the Trustees. The Trustees meet on a regular basls lo discuss issues arising and lo assess the viability of requests for donations. The Trustees who served during the period were.. Diana Lucy Collis lappoinled 15107120241 Natalie Jane LÈe lappoinled 15107120241 William Beardmore-Gray (appointed 15107120241 Anna-Louise Peters lappoinled 23101120251 Ellen Hasl811 Vrana lappoinled 23101120251 d. Policies adopted for the Inductlon and training of Trustees The Charity is rely'ng upon the guidance issued by the Charities Commission in relation lo the Inducllon and Iraining ol Trustees. 8. Prlncipal office The Bramston Foundation principal ollice is al.. Sl. Swilhun's School Alresford Road Winchester S021 1 HA f. The governlng document The governing document of the Charity is the Conslilulion dated 15 July 2024. Pagg 5
THE BRAMSTON FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE PERIOD ENDED 31 JULY 2025 Members. Ilabillty The Members of the Charity guarantee lo contribute an amount not exceeding £1 to the assets ol the Charity in the event ol wnding up. Statement of Trustees. responslbllltles The Trustees are responsible lor preparing the Trustees, report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to Charities in Engla1 and Wales requires the Trustees lo prepare financial statements lor each financial period which givè a true and lair view ol the slate ol allairs ol the Charity and ol ils incoming resources and application ol funds, including ils income and expenditure for that period. In preparing these tinancial slalemenls, the Trustees are required lo.. select suitable accounting policies and then apply them consistently. observe the methods and principles ol the Charities SORP IFRS 1021- make judgments and accountlng eslimales that are reasonable and prudent.. stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial slalemenls., prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume that the Company will continue in business. The Trustees are responsible lor keeping adequate accounting records that are sutticienl to show and explain the Charity's transactions and disclose with reasonable accuracy al any lime the financial position ol the Charity and enable them lo ensure that the financial slalemenls comply with the Charities Act 2011, the Charity (Accounts and Fleporlsl Regulations 2008 and the provisions of the Conslilulion. They are also responsible lor saleguarding the assets ol the Charily and hence lor taking reasonabl8 steps lor the prevention and detection ol fraud and other irregularitiès. Approved by order ol the members ol the board (rf Trustees and signed on their behalf by.. Wllllam Beardmore.Gray (Chair ol Trusleesl Dale.. 144k 2£ Page 6
THE BRAMSTON FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 JULY 2025 Independent Examlnerfs Report to the Trustees of The Bramston Foundation ('the Company'l I report lo the charity Trustees on my examination of the accounts ol th8 Charity for the period ended 31 July 2025. Responslbllltles and Basls of Report As the Trustees ol the Charity you are responsible for the preparation of the accounts in accordance with the requirements ol the Charities Act Ilhe Act).. I report in respect ol my examlnalion ol the Charills accounts Carried out under section 145 01 the 201 l Act and In carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl ol th8 2011 Act. Indepgndent Examiner's Statement Your allenlion Is drawn to the lact that the Charity has prepared th8 accounts in accordance with Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Slalemenl ol Recommended Practice issued on 1 April 2005 which is referred lo in the exlanl regulations bul has been wfthdrawn. l understand that this has been done in order lor the accounts to provide a true and lair view in accordance Imlh the Generally Accepted Accounting Practice ellective loi reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no mallers have come lo my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect ol the Charity as required by section 130 01 the 2011 Act,. or the accounts do not accord with those records., or the accounts do not comply wlh the applicable requirements concerning the form and conlenl of accounts sel out in the Charities (Accounts and Fleportsl Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a maller considered as part ol an independent examination. I have no concerns and have come across no other mallers in connection with the examination lo which allenlion should be drawn in this r8porl in order lo enable a proper understanding ol the accounts lo be reached. This report is made solely lo the Charills Trustees, as a body, in accordance with Part 4 01 the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the Charity's Trustees those mallers l am required lo slate lo them in an Independent examiner's report and lor no other purpose. To the lullesl exlenl permilled by law, I do not accept or assume responsibility lo anyone other than the Charity and the Charills Trustees as a body. lor my work or for this report. Page 7
THE BRAMSTON FOUNDATION INDEPENDENT EXAMINER'S REPORT (CONTINUED} FOR THE PERIOD ENDED 31 JULY 2025 Signed.. Matthew Howard Dated.. 2010512026 FCA Crowe U.K. LLP Chartered Accounlanls Medway Bridge House 1-8 Fairmeadow Maidstone Kent ME14 1JP Page 8
THE BRAMSTON FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 31 JULY 2025 Reslrloled funds 2025 Total lunds 2025 Note Income from". Donations and legacies Other trading activities 149,092 35,127 149,092 35.127 Total Incomg 184,219 184,219 Expendlture on: Raising lunds 16,717 16,717 Totol expendlture 16,717 16,717 Net movement In funds 167,502 167,502 Reconclllatlon of funds: Nel movement in funds 167,502 167,502 Total funds carrled forward 167,502 167.502 The Sialemenl ol Financial Activities includes all gains and losses recognised in the period. The notes on pages 1110 17 form part of these financial slatemenls. Page 9
THE BRAMSTON FOUNDATION REGISTERED NUMBER: BALANCE SHEET AS AT 31 JULY 2025 Perlod 15 July 2024 to 31 July 2025 Note Flxed assels Current assets Debtors Cash al bank and in hand 149,415 18.087 167,502 Current Ilabllille$ Net current assets 167.502 Total a88ets le88 curnnt Ilabllltles 167,502 Net assets gxcludlng penslon asset 167,502 Tolal net assets 167,502 Charlty funds Restricted funds 167,502 Unreslricled funds Total fund$ 167.502 The Trustees acknowledge their responsibilities for complying Mrilh the requirements ol the Act with respect lo accounting records and preparation ol financial slalements. The financial slalemenls were approved and auihorised lor issue by the Trustees and signed on their behalf by.. Willlam Beardmore-Gray (Chair of Trusleesl Dale.. 2oZÉ ' The notes on pages 11 0 17 form part of these financial slalemenls. Page 10
THE BRAMSTON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025 General Informatlon The Charily is a registered Charity. number 1209135. The Bramslon Foundation principal ollice is at.. Sl. Swilhun's School Alreslord Road Winchester S021 1 HA The wincipal activity ol the Charlly Is to advance education al Si Swthun's School (The School) lor the public benefit by providing funding. assistance and support in such manner as the Charity Trustees shall delermine including Iwilhoul limilalionl the provision ol.. IA) hursary support for the benefit ol pupils al the school who would be unable lo continue in education al the school or who would be unable lo commence education al the school despite being accepted, wilhoul linancial assistance. and IBI funding lo the school towards the upkeep and development of ils facilities. Accountlng pollcles 2.1 Basls of preparatlon of flnanclal slatements The financial slalemenls have been prepared in accordance with the Charities SORP IFFIS 1021 Accourkling and Reporting by Charities.. Slalement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 lelleclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic ol Ireland (Ffls 1021 and the Charities Act 2011. The fSnancial slalemenls have been prepared lo give a 'lrue and lairf view and have d&parted from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'lrue and lair, view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice elleclive from 1 April 2005 which has since been wilFKlrawn. The Bramslon Foundation meets the definition of a public benefit entity under FFIS 102. Assets and liatmlilies are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting FX)Iicy. 2.2 Income All income is recognised onee the Charity has enlillemenl lo the in¢ome.11 Ss probable that the income wll be received and the amount ol income recelvable can be measured reliably. Page 11
THE BFIAMSTON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025 Accountlng pollcles (continued) 2.3 Expendlture Expenditure is recognised once there is a legal or constructive obligation to Iran51er economic benefit lo a third party, it is probable that a Iransler of economic benefits will be requirod in selllemenl and the amount ol the obligation can be measur8d reliably. Expenditure is classified by aclivily. The costs ol each activity are made up ol the lolal ot direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs attributable lo a single activity are allocated directly lo Ihal activity. Shared costs which contribute lo more than one activity and SUPPDrt costs which are not allribulable lo a single activity are apportioned between those activities on a basis consislenl wlh the use ol resoLJrces. Central stall costs are allocated on the basis ol lime spent, and depreciation charges allocated on the portion ol the asset's use. Expenditure on raising funds includes all expenditure incurred by the Company lo raise lunds lor ils charitable purposes and includes costs ol all fundraising activities events and non-charilable trading. All expenditure is inclusive ol irrecoverable VAT. 2.4 Debtors Other debtors are recognised at the selllomenl amount. 2.5 Cash at bank and In hand Ca8h al bank and in hand includes cash and short-lerm highly liquid investments with a short malurily ol three months or less from the dale ol acquisition or opening ol tho deposit or similar account. 2.6 Flnancial instruments The Charity only has financial assets and financial liabilities ol a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al Iransacllon value and sijbsequenlly measured al their solllemenl value. 2.7 Fund accounting Reslricled funds are funds which are lo be used in accordance wlh specific reslri¢lions imposed by donors or which have been raised by the Charity lor particular purposes. The costs ol raising and administering such funds are Charged against the specific fund. The aim and use ol each reslricled fund is sel out in the notes lo the financial slalemenls. Page 12
THE BRAMSTON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025 Accountlng pollcles (continued) 2.8 Going Concem The Trustees have considered Ihg financial position ol the Charity in assessing whether it remains appropriate lo prepare th& financial slalemenls on a going concern basis. At 31 July 2025, the Charity held lolal nel assets 01 £187.502. all ol which are reslricled lunds. These comprise funds raised for Iranslormalional bursaries1£147,0021 and capital projecls1£20,5001. The reslricled funds are represented on the balance sheet by cash al bank of £18.087 and a debtor ol £149,415, being income received Into Sl Swllhun's School's bank account during the period that was due lo the Foundallon and remains lo be transferred. The Charity had no unrestricted reserves and no current liabilities al the balance sheet date. The Charity is in ils first year ol operation, having been constituted as a Charitable IncorFX)raled Organisation on 15 July 2024. Total income of £184,219 was generated during the p&riod, comprising reslricled donations of £149,092 and tundraising event incorne of £35,127. Expenditure of £16,717 was incurred on fundraising costs, charged against restricted funds. Th8 nel result is a surplus of £167,502, all of which is carried forward as reslricled funds. The Trustees have a larg81 level ol reslricled reserves of £100,000 lor Iranslormalional bursaries, which has already been exceeded in the first period ol operation. Two significant major donors have indicated they will increase their support in the next year, providing further confid8nce in the suslainabilily ol the Foundation's income. The Charity benellls from ils close association wllh Sl Swilhun's School, which provides adminislralive support and a strong platform for continued fundraising aclivily. The only commitments that the charity has are the bursaries that it makes lo Si Swllhun's School and thus the only funds required are those received from the donors. Aflgr making appropriale enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they Continue lo adopt the going concern basis in preparing the financial stalemenls. In¢ome from donallons and legacles Restricted funds 2025 Total funds 2025 Donations 149,092 149,092 Page 13
THE BRAMSTON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025 Income from other trading activities Income from fundraising events Restricted funds 2025 Total funds 2025 Fundraising 35,127 35,127 Page 14
THE BRAMSTON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025 Expendlture on ral8lng funds Costs of raising voluntary income Restricted funds 2025 Total funds 2025 Fundraising costs 16,717 16,717 Trustees. Yemuneratlon and expenses During the period. no Trustees received any remuneration or other benefits. During the period ended 31 July 2025, no Trustee expenses have been incurred. Debtors 2025 Due wllhln one year Other debtors 149.415 149,415 Flnanclal Instruments 2025 Flnanclal as8et8 Financial assets measured al amortised cost 167,502 Financial assets measured al amortised cost comprise other debtors and cash. Page15
THE BRAMSTON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025 Statement of funds Statgmgnt of funds- current perlod Balance at Income Expendlluro 31 July 2025 Reslrlcted fund8 Translormalional bursaries Capital projects 163,719 20,500 {16,717) 147,002 20,500 184,219 {16,7171 167,502 10. Summary of funds Summary of funds- current pèriod Balance at Income Expenditure 31 July 2025 Reslricled funds 184,219 (16,717) 167.502 Page16
THE BRAMSTON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025 11. Analysls of net as8et8 between funds Analysis of net assets between funds- current perlod Reslrlcted fund$ 2025 Total funds 2025 Current assets 167,502 167,502 Total 167.502 167.502 12. Related parly transactions During the period, £149.415 of Income was receNed in Sl Swilhin's School bank account which was due lo The Bramslon Foundation. Subsequent lo the pèriod end. the school commenced Iransler ol the money lo The Bramslon Foundation. Page17