2025-07-31-accounts

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1553 BRIDEWEL OYAL HOSPIT ¥& 2025 REPORT,; FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 BRIDEWELL ROYAL HOSPITAL Rcgistered Charity Number.. 311997

REPORT &

F I N A N C I A L S T A T E M E N T S 2025

	F I N A N C I A L S T A T E M E N T S	F I N A N C I A L S T A T E M E N T S
, 2. Administration & Advisors	Y
3. Bridewell’s Mission	JUL	2025
, 5. Bridewell Updates
7. About Our Schools
, 8. Academic Progress & Success at our Schools
9. Life at Our Schools
, 13. Public Benefit
15. Principal Activities
, 16. Financial Review
17. Governance
, 19. Statement of The Court’s Responsibilities
20. Independent Auditor’s Report to the Members of the Court of Bridewell Royal Hospital for the Year Ended 31 July 2025
, 24. Consolidated Statement of Financial Activities for the Year Ended 31 July 2025
25. Consolidated and Charity Balance Sheet as at 31 July 2025
, 26. Consolidated Cash Flow Statement
27. Notes to the Consolidated Cash Flow Statement
, 28. Statement of Accounting Policies for the Year Ended 31 July 2025
31. Notes to the Accounts for the Year Ended 31 July 2025

Front Cover: Annual Bridewell Day Service at St Bride's Church, London

ADMINISTRATION & ADVISORS

PRINCIPAL OFFICES

AUDITOR

SOLICITOR

BANKERS

INVESTMENT ADVISORS

Bridewell Royal Hospital Barrow Hills School Longacre School King Edward’s Witley Roke Lane Hullbrook Lane Petworth Road Witley Shamley Green Wormley Godalming Surrey Godalming Surrey GU5 0NQ Surrey GU8 5NY GU8 5SG

Menzies LLP Magna House 18-32 London Road Staines-upon-Thames TW18 4BP

Moore Barlow LLP The Oriel Sydenham Road Guildford Surrey GU1 3SR

Barclays Bank Plc 1 Churchill Place Canary Wharf London E14 5HP

Barclays Private Bank Trinity Bridge 1 Churchill Place 1 Old Market Avenue Canary Wharf London Chichester E14 5HP PO19 1SP

CCLA Investment Management Ltd Senator House 85 Queen Victoria Street London EC4V 4ET

INSURANCE BROKER

Marsh Brokers Ltd Capital House 1-5 Perrymount Road Haywards Heath West Sussex RH16 3SY

PAGE 2 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

BRIDEWELL’S MISSION

The Court, the trustee body of Bridewell Royal Hospital which incorporates King Edward’s Witley, Barrow Hills School and Longacre School, presents its report and audited financial statements for the year ended 31 July 2025.

Bridewell Royal Hospital was established by King Edward VI by Royal Charter of Letters Patent dated 26 June 1553. The Royal Charter of Letters Patent has been amended during subsequent years. The present Constitution is the Scheme made by the Charity Commissioners in November 1988 as amended by Resolutions of the Bridewell Court passed in March 2013 and March 2015. Bridewell Royal Hospital is presided over by HRH The Duchess of Gloucester and is registered with the Charity Commission under registered charity number 311997.

GOALS AND OBJECTIVES

The objects of Bridewell Royal Hospital (the Foundation), laid down in the 1988 scheme, and as amended in 2013 and 2015, are the advancement of education, currently met by providing boarding and day schooling for girls and boys aged 2 to 18 and the provision of bursaries, scholarships and other educational benefits. In particular, the Foundation, as part of its commitment to public benefit, provides financial support primarily for children whose home circumstances make boarding education beneficial. In addition to the endowed funds of the Foundation, there are restricted funds held for special purposes, such as the development of facilities, bursaries, prizes and other educational purposes.

The Charity achieves the Foundation’s objects through the operation of King Edward’s, a thriving co-educational boarding and day senior school, and Barrow Hills and Longacre, both excellent preparatory, co-educational, day schools nearby.

The aims and objects of the Schools are inherently charitable in the provision of education to girls and boys; additionally, the founding mission of the Charity finds expression today in the provision of bursary supported boarding education to children who need it within the environment of a mainstream independent school for local and international children seeking an excellent all-round education. Furthermore, every effort is made to provide access to facilities and activities to those otherwise unable to afford them. The Schools share resources including sports, performing arts, extra-curricular and boarding opportunities whilst continuing to meet operational objectives and maintain efficient processes throughout the organisation.

PAGE 3 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

BRIDEWELL’S MISSION BRIDEWELL’S MISSION

ANNUAL OBJECTIVES

In pursuit of its aims the Court and School Governors agree management objectives annually for the Schools. For 2024/25 these were:

To further the vision of providing an all-through education where appropriate;

To enhance further the educational experience for pupils and the service to parents, who rightly expect the very highest quality of provision in the high-cost independent education sector:

❖ to maintain excellence in teaching, learning and pupil progress at Bridewell; ❖ to continue delivering the market respected, pastorally and academically driven preparatory school experience at both Barrow Hills and Longacre, building on academic progress and the comprehensive personal development of the children;
❖ to leverage the additional curriculum and co-curriculum resources that King Edward’s offers, enhancing Barrow Hills without compromising its unique character;

To manage effectively the integration of Longacre School within Bridewell, ensuring a smooth transition that protects educational quality and community confidence;

To continue to achieve scale in the provision of education to address long-term affordability;

To ensure Bridewell remains in a strong financial position while securing long term financial stability for future generations;

To maximise opportunities so as to build on the foundations for growth across all our Schools; and;

To further the Bridewell founding mission.

PAGE 4 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

KEY UPDATES

INDEPENDENT SCHOOLS INSPECTORATE

During the 2024/25 academic year, all of our Schools received Independent Schools Inspectorate visits, and were confirmed as meeting all statutory Independent Schools Standards and other applicable regulatory requirements. King Edward’s and Barrow Hills Schools also welcomed reviewers from the Good School Guide who completed positive reports, following Longacre’s previous successful review by the Guide. Barrow Hills and King Edward’s were shortlisted in the Independent Schools of The Year Awards, in the Preparatory School of the Year and Sporting Achievement categories respectively.

CAPITAL PROJECTS

A series of capital projects have been completed at our Schools. At King Edward’s, the re-imagining of our Old Library, renamed the Gerald Coke Pentagon, as a multi-use events space has led to it welcoming over a thousand visitors during the academic year, including fifty educational agents from around the world in conjunction with the British Boarding Schools Network.

During summer 2025, phase I of the refurbishment of our Science laboratories was undertaken in conjunction with Envoplan; the facilities available have proved extremely popular with pupils and visitors to open events since their completion.

At our Preparatory Schools, the Nursery, Kindergarten and Reception class areas have been upgraded. At Barrow Hills large touchscreen boards, with integrated Artificial Intelligence functionality, have been installed in every classroom. Longacre’s year 6 pupils now benefit from a new dedicated Common Room, providing a space for relaxation and preparation for their senior School transition, in addition to re-opened classrooms in School House.

Over 150 curricular and co-curricular clubs have been offered at our Preparatory Schools; co-curricular and play activities have been enhanced with support from our wider communities. At Longacre, new netball posts and an additional piano have been purchased, improving the children's playing experiences and elevating performances. At Barrow Hills, a new construction area has been developed within the playground for our younger pupils, via the repurposing of wood previously used in the Chapel and the donation of additional resources from a Bridewell Governor.

PAGE 5 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

KEY UPDATES

BRIDEWELL DEVELOPMENTS

Collaborative activity has been accelerated during 2024/25. Assisted by Longacre School’s merger with Bridewell, an Assured Place Transfer Scheme was implemented for our Preparatory Schools, which has resulted in 21 pupils progressing to King Edward’s in September 2024 (September 2023; 12). Both Preparatory Schools regularly use facilities at King Edward’s and our Schools share expertise in identified priority areas, including learning and teaching pedagogy, safeguarding, human resources and IT. Our Schools came together in a ‘Big Draw’ art exhibition and King Edward’s pupils have played leading roles in delivering sports competitions for preparatory age pupils.

Our most wide-ranging joint developments have been within our Artificial Intelligence and Digital Futures workstream, specifically the development of Bridewell AI, aiming to futureproof Bridewell pupils’ education, working with university partners, researchers and pioneering experts in this field to empower Bridewell pupils with advanced skills to thrive and make a positive, lasting impact in our rapidly changing world.

Our harnessing of AI is in support of Bridewell’s historic mission; above all, human interaction remains at the heart of our approach, valuing the expertise of our teachers and the authenticity of relationships

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BRIDEWELL AI
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Our goal is to empower pupils’ progress through an ageappropriate strategy, where AI actively supports individual learning pathways whilst teachers’ expertise remains at the centre of our pupils’ education. Bridewell AI aims to equip pupils, whether at our Preparatory Schools or completing their A-levels at King Edward’s, with an accessible and advanced tool to drive academic standards forward.

Central to the project is the implementation of a safe AI system, specifically designed for our Schools, in partnership with Unified Projects, a tech start-up founded by King Edward’s alumni. Our Bridewell AI provides a highly secure environment, giving teachers full administrative control and oversight; it is also aligned closely with our curricula, standards, and ethics.

In parallel we were successful in procuring Lead Challenge Partner status with the University of Surrey’s Centre for Doctoral Training in AI for Digital Media Inclusion, delivered in partnership with Royal Holloway, University of London. Our collaboration began in earnest in March 2025, with a team of AI researchers working alongside us to help ensure that pupils can access and navigate our Bridewell AI with clear purpose, and we continue to have the support of cutting-edge industry pioneers, committed to ‘AI for Good’, to actively support this initiative.

PAGE 6 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

ABOUT OUR SCHOOLS

KING EDWARD’S WITLEY

King Edward’s Witley was founded in 1553 as “a House to lodge Christ in”. Transforming and nurturing young lives for over 450 years,

King Edward’s offers co-educational boarding, flexi-boarding and day education for pupils aged 11 to 18.

King Edward’s is a proudly diverse community with strong foundations rooted in kindness and mutual respect, aiming for pupils to flourish academically, socially and emotionally through journeys tailored to individual needs, strengths and personalities. Our heritage, rich in generosity of spirit, compassion and inclusiveness, resonates in a thriving present where our pupils are aspirational but kind and unpretentious in nature.

BARROW HILLS SCHOOL

Barrow Hills School is a Christian co-educational school for children aged 2 – 13 in Witley. The School seeks to inspire a love of learning and to encourage all to fulfil their aspirations and potential within an atmosphere of mutual respect and compassion. It encourages a strong sense of all belonging to one family; in the School, in the community and in the wider world.

At Barrow Hills, children are encouraged to be:

Compassionate towards others, at School and in the wider world;
Curious about everything; and brave when meeting new challenges;
Generous of spirit , sharing their time and their gifts;
Joyful in their appreciation of their families, their friendships, their School and the world;
Responsible in what they say and in what they do;
Scholarly in the way that they learn and in their love of learning; and
Truthful and true to themselves.

LONGACRE SCHOOL

Longacre School is a co-educational school for children aged 2 to 11 in Shamley Green. The School’s learning philosophy is inextricably linked to the school motto: “A happy heart goes all the way”, recognising that children can only be truly happy when they feel that they are learning, progressing, finding fulfilment, challenge, recognition and excitement in their studies.

This learning philosophy is underpinned by Longacre’s key skills and attributes - ‘7 Cs’, which feature in every lesson are understood by children throughout the School:

Curiosity, Creativity, Collaboration, Critiquing, Communication, Commitment & Craftsmanship.

PAGE 7 BRIDEWELL ROYAL HOSPITAL– REPORT OF THE COURT

ACADEMIC PROGRESS & SUCCESS AT OUR SCHOOLS

PREPARED FOR SUCCESS

Pupils are prepared for academic success from their arrival at our Schools.

Barrow Hills and Longacre pupils attained 55 offers and over 30 scholarships to senior schools; year 8 pupils at Barrow Hills attained a Common Entrance grade point average of 87%, with 57% of pupils gaining a grade A or A*.

A number of initiatives have been implemented to encourage the nurturing of curiosity and exploration within our Preparatory Schools, where our youngest pupils benefit from specialist teaching across the curriculum.

At Barrow Hills, these have included the completion of outstanding engineering challenges by each pupil during STEM week, a Spring Art Exhibition showcasing work from every child within a mixture of group installations or individual pieces and the House Poetry Competition, held on National Poetry Day, featuring all children from Year 2 to Year 8 authoring their own poems.

At Longacre, Masters clubs continue to provide extensive bespoke programming, which supports those pupils aiming for Scholarship applications. In parallel, pastoral care provision has been further developed, with staff members completing Emotional Literacy Support Assistant and Drawing and Talking therapy training, making a meaningful impact on pupils’ wellbeing.

At King Edward’s, all pupils and parents have benefitted from the implementation of a new feedback framework and grading schemes. Building on our successful introduction of BTEC and Level 3 courses in Food and Nutrition, Music Technology and Sport, we have further extended our academic offer with the introduction of GCSEs in Business, Photography and Textiles. 56% of grades awarded at GCSE in 2025 were at grades 9 – 6 (A* - B).

Our Next Steps careers guidance framework, offered to pupils at all levels at King Edward’s, has further expanded and has included a focus on National Careers Week and National Apprenticeship Week. Through dedicated counselling, King Edward’s pupils have again accessed Russell Group and high-quality Universities to follow a very diverse range of higher education courses, Degree Apprenticeships and careers, following completion of their A levels. 29% of grades awarded in 2025 were at A - A, with 79% at A - C.

Pupils progressing from King Edward’s become part of our flourishing Old Witleian community. 2024/25 has seen an unprecedented breadth of Old Witliean activities, ranging from our 2024 leavers’ ‘One Term On’ reunion, to a series of reunions and visits at School and networking events in London, and over 200 Old Witleians returning to School for our ‘Founder’s Day’ in June 2025. Our provision of coeducational education since 1553 was featured in a major exhibition, and the use of our Bridewell Connect platform has grown significantly during 2024/25, with over 1300 Old Witleians and Old Barrow Hillians now registered and receiving regular updates on School developments.

PAGE 8 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

LIFE AT OUR SCHOOLS - SUPPORTING SPORTING AMBITION

King Edward’s Girls’ Under 14 Netball team triumphed in their national finals at Loughborough University, and during the same week hockey teams, inspired by our first schoolboy international for a number of years, won a number of Hampshire Trophy competitions and our Boys’ Under 14 team reached the national finals in Nottingham.

In the summer term, our Boys’ Under 15 football team reached the final of the English Schools Football Association Small Schools’ Cup. We also celebrated our inclusion in The Cricketer’s Top 100 Senior Schools, reflecting the incremental growth of our cricket provision in recent years.

Over 80% of King Edwards pupils represented the School in over 100 sports teams in 2024/25

Our pupil engagement in sports demonstrates the success of the broadening and deepening of the sporting programme at King Edward’s.

Our developing sports’ highlights in 2024/25 have included regular successes for our golf, ski and swimming teams, our Boys’ and Girls’ Under 15 Padel teams reaching their national finals, and the Boys’ senior football tour to the United Arab Emirates.

SPORTING ACHIEVEMENT 2024/25

Boys U14 National Hockey Finalists Girls U14 National Netball Champions

Boys U15 English Schools Football Association Finalists

Boys & Girls U15 National Padel Finalists

PAGE 9 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

LIFE AT OUR SCHOOLS - SUPPORTING SPORTING AMBITION

Pupils with all levels of sporting ambition have enjoyed significant successes during our Sporting Year.

Barrow Hills and Longacre pupils benefit from frequent use of King Edward’s swimming pool, and participate in friendly competition together throughout the year, including at King Edward’s inaugural preparatory and junior school cross-country event held in March 2025 and in joint games lessons for year 7 and 8 pupils at Barrow Hills and King Edward’s.

At Barrow Hills, continued sporting success was enjoyed at large scale events such as the Bryanston and Highfield Hockey Tournaments. Our girls won the Bryanston Netball Tournament, with both our Preparatory Schools cross-country runners being victorious at several meets.

Longacre’s gymnasts shone brightly at the Prior’s Field competition, winning gold, and a memorable tour provided a highlight of the School’s year of sport as pupils developed their skills and team spirit playing football and netball in Wales.

PAGE 10 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

LIFE AT OUR SCHOOLS - SUPPORTING MUSICAL AMBITION

The offer of wide-ranging, high quality, musical tuition to pupils of all ages and ambitions continues to be a distinctive feature of our Schools’ provision. Music has thrived at our Preparatory Schools during 2024/25 with increased instrumental learning, band performances, termly concerts, and choral successes, including a memorable tour to Bristol by Barrow Hills choristers. At Longacre the much-loved Young Voices concert at the O2 arena was once again attended, and a baby grand piano was kindly donated and now takes pride of place in the Creative Arts Studio.

King Edward’s Music department has provided a wide array of experiences for our pupils, including intimate ‘At Home’ recital series and the significantly expanded, informal, ‘Open Mic’ evenings, concluding with our ‘Proms in the Park’ event at School. Major events have featured our Camerata’s performance of Duruflé’s Requiem at St Bride’s Church, and the Musician of The Year competition, which featured over 100 pupils in 2025.

Young, emerging artists from the Royal Academy of Music continue to be hosted at King Edward’s, and in the spring, we were privileged to welcome Roger Sayer as he performed Hans Zimmer’s score for the film ‘Interstellar’ in a memorable evening in our Chapel.

PAGE 11 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

LIFE AT OUR SCHOOLS - SUPPORTING CREATIVE ARTS AMBITION

Our Preparatory Schools continue to offer our youngest pupils' opportunities to experience the excitement of producing and performing in a number of productions during the year. These have included performances of Porridge!, Matilda, Lord of the Flies, Wind in the Willows and Alice in Wonderland. LAMDA examinations have continued to be popular with pupils, with many achieving distinctions and in ballet, children have celebrated Royal Academy of Dance exam success, with several gaining places at the prestigious Royal Ballet School and Central School of Ballet.

At King Edward’s, a series of innovative productions have been performed, including the immersive experience of ‘The Invisible Peculiarities’, the moving adaptation of ‘The Curious Incident of the Dog in the Night-Time’ and a ‘Shakespeare and Cake’ event for the youngest members of our School community. Pupils have also benefitted from regular visits from theatre companies providing a series of workshops to our pupils throughout the year, in parallel with visits to theatre productions in London and the Southeast.

PAGE 12 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

PUBLIC BENEFIT

CHARITIES & COMMUNITIES OUTREACH

The Schools’ objectives and activities are inherently charitable, and every effort is made to ensure that the Schools provide public benefit to those who would otherwise be unable to attend them. Due consideration has been given to the Charity Commission’s published Guidance on Public Benefit.

Charitable endeavours have been extensive at our Schools. At our Preparatory Schools, pupils and parents raised £5,000 for Shooting Star Children’s Hospices, Cherry Trees, Lords Hill playground and Choose Love, in addition to Place2Be during Children’s Mental Health Week. Community connections have been developed within our Schools, including Bramshott Grange Care Home and two local community care facilities, Surrey Heights and Surrey Hills, in Witley, with staff and pupils regularly visiting our neighbours.

Stripey Stork, via the provision of school clothing for those families most in need, has continued to be supported by King Edward’s, in addition to Charlie’s Promise, selected by the School’s pupil-led Charities Committee as the main School Charity during 2024/25. We welcomed Martin Cosser, founder of Charlie’s Promise, to School to understand more around the charity’s work whilst a number of activities throughout the year raised over £5,000 for Charlie’s Promise.

COMMUNITY ACCESS & ENGAGEMENT

We have continued to offer children from local schools the benefits of our Schools’ facilities and expertise. These have included hosting local school and sports clubs’ fixtures at our Schools, including football festivals at Longacre and Chiddingfold’s football and cricket clubs at Barrow Hills, and our staff members’ service as trustees and governors of a number of schools and charities.

In 2024/25, we supported local events, the Brook Fete and Chiddingfold Pantomime, via sponsorship and resourcing support. King Edward’s has also hosted a number of activities for local children, including our Orchestral Day delivered by our music department, an extensive series of outreach activities in our Design Technology facility, and our preparatory and junior school cross country competition.

PAGE 13 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

PUBLIC BENEFIT

CITY OF LONDON

By reason of its foundation and governance, we have a significant and special relationship with The City of London Corporation, a major benefactor and supporter of Bridewell Royal Hospital since 1553. It promotes relationships with The City of London Corporation and the Inner London Boroughs to reflect their historical connection with the Foundation, as well as to direct bursarial support to children in need of boarding education from these Boroughs. We work closely with other educational grant-making charities to enhance the funds available to provide bursaries for children in need of a boarding education.

As part of the Charity’s ongoing work to support The City of London Corporation academies, King Edward’s once again welcomed Aldgate School, a City of London Corporation primary school, for a residential visit in July to enjoy facilities at our School. Our City of London partnerships offer many connections to our pupils, including within our sustainability activities, where we are playing a central part in the City of London’s Youth Natural Environment Board, following our success in gaining Eco-Schools Green Flag accreditation.

DISTRIBUTION OF BURSARY AWARDS

The objects of the Foundation is to offer bursaries, in particular to support children whose circumstances would make a boarding education beneficial, including those from disadvantaged or vulnerable backgrounds. The offer of bursaries is subject to means testing and assessment of boarding need and ability to benefit; guidance is also offered to help candidates seeking additional financial support from other charities that work closely with King Edward’s, Barrow Hills and Longacre School.

As part of the Foundation’s commitment to provide public benefit, means-tested bursaries were distributed to 41 pupils (2024: 44), with an average bursary of £32,000 (2024: £31,000). 54% (2024: 67%) of these pupils received awards of between 81-100% of fees.

Bursary awards are distributed broadly across the forms and the vast majority are awarded to boarding pupils from the United Kingdom. In addition to bursaries, 87 pupils (2024: 72) were in receipt of scholarships across the full range of academic, arts, music and sports.

PAGE 14 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

PRINCIPAL ACTIVITIES

PRINCIPAL ACTIVITIES IN THE YEAR

In the past year King Edward’s has educated 489 (2024: 477) pupils from more than 25 (2024: 25) countries. Barrow Hills has educated some 193 (2024: 231) pupils aged 2-13. Longacre School has educated some 224 pupils aged 2-11. A review of the activities at each school may be found in the ‘Life in our Schools’ section (P9-12). In addition, capital works of £332k (2024 £1,778k) were undertaken. The main project being the redevelopment of the Science Building.

PRINCIPAL RISKS

The Court of Bridewell and its Sub-Committees review the financial, educational, and operational performance of all Schools on a termly basis, enabling the principal risks and uncertainties facing the Foundation to be closely monitored. These risks, identified by both Governors and key management personnel, are reviewed annually by the Court through a formal business risk assessment process, with interim oversight by the Finance & General Purposes Sub-Committee. Each Autumn, the Governors hold a dedicated business strategy meeting to consider emerging risks, external developments, and the longterm sustainability of the Foundation.

The Court is satisfied that appropriate systems and internal controls are in place to identify, assess, and mitigate the major risks to which the Foundation is exposed. The principal risks currently identified include:

Political, Educational and Financial Environment – the implementation of VAT on school fees and the withdrawal of charitable relief on business rates have had a direct financial impact across the independent education sector. These risks are managed through proactive financial planning, sensitivity analysis within the Strategic Financial Plan, and continued engagement with sector bodies such as the ISC and HMC, alongside regular communication with parents and other stakeholders.
Pupil Recruitment and Retention – the ability to attract and retain pupils in a competitive and price-sensitive market remains a key determinant of financial sustainability. Mitigation measures include a coordinated marketing and admissions strategy, strengthened data monitoring, and regular reporting to the Finance & General Purposes Sub-Committee.
Educational Quality and Outcomes – maintaining high standards of teaching, learning, and pupil progress across all Schools is central to Bridewell’s charitable purpose. Oversight is exercised through the Education & ICT Sub-Committee, with systematic appraisal and departmental review processes in place, supported by ongoing investment in professional development.
Safeguarding and Regulatory Compliance – the Foundation remains committed to ensuring full compliance with statutory and regulatory requirements, including those relating to safeguarding, health and safety, and data protection. Regular training, annual safeguarding reviews, and oversight by the Governor with responsibility for Child Protection provide assurance to the Court.
Financial Sustainability and Funding – the combined effect of taxation changes, inflationary pressures, and increased staff and utility costs present an ongoing challenge. Bridewell’s Strategic Financial Plan models a range of sensitivities and underpins annual budgets approved by the Court. Active management of cashflow, reserves, and investment performance continues under the supervision of the Finance & General Purposes Sub-Committee.
Staff Recruitment, Retention and Wellbeing – the recruitment and retention of high-quality staff within a competitive employment market remains an area of focus. Governors receive regular HR reports, and a range of wellbeing, professional development, and engagement initiatives are in place across all Schools.
Technology, Data and AI – ensuring the secure and ethical use of technology, data systems, and artificial intelligence tools is a growing area of operational and educational focus. Oversight rests with the Education & ICT Sub-Committee, supported by the Director of ICT. Policies, training, and a Bridewell-wide AI strategy are being developed to ensure responsible adoption and compliance.

The Court remains satisfied that these risks are being appropriately managed and that effective systems of control and assurance are embedded throughout the Foundation’s governance structure.

PAGE 15 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

FINANCIAL REVIEW

RESULTS FOR THE YEAR

The Group’s income from School activities for the year ended 31 July 2025 increased to £16,791k, compared with £14,945k in the prior year. Pupil numbers increased to 902 (2024: 708), including 103 (2024: 136) boarding pupils and 799 (2024: 572) day pupils. The operating surplus before returns on investments increased to £3,491k (2024: (£920k). The main driver of these increases was the merger with Longacre School on 1 January 2025.

The aggregate Fund balances increased to £41,244k as of 31 July 2025 (2024: £37,284). Tangible assets increased to £28,833k as of 31 July 2025 (2024: £22,728k). This included £1,033k of additions (2024: £1,778k), and £6,225k of assets transferred as part of the merger of Longacre School. The main project in the year was the refurbishment of the Science block at King Edward's School.

INVESTMENTS

From 1 August 2007, the Governors have managed the King Edward’s Endowed Funds on a total return basis, adopting an investment policy of “preserving the real value of the endowment held in investments, whilst maximising the amount available to meet the needs of each generation of beneficiaries”. In seeking a balance between the interests of current and future beneficiaries the Governors consider, with their Investment Advisers, the appropriate balance between the proportion of the total return that should be applied as income and the proportion that should be retained and accumulated within the Endowed Fund. Governors are conscious that a relatively stable pattern of application is important in allowing the schools to make sustainable bursary awards, so while the application has been approved each year, this has been determined within a policy set and reviewed every three years.

The total return policy is subject to review every year. The rate was reviewed in April 2025, and governors approved a decrease from 3.25% to 3%. In the year to 31 July 2025 investments increased from £24,796k to £25,294k. The total gains on investments for the year decreased to £469k (2024: £3,347k). For the year to 31 July 2025 the achieved total return on the Endowed Fund was 5.1% (2024: 17.7%).

RESERVES AND LIQUIDITY

The Court’s policy on Reserves is to maintain sufficient current assets and cash deposits in the General Fund to mitigate the risks to income from unforeseen sources: the provision of sufficient resources to carry out planned repairs and improvements; and to provide a contingency for unanticipated and uninsured estates expenditure. Due to the merger with Longacre School, unrestricted reserves represented by net current liabilities increased to (£12,454k) as of 31 July 2025 (2024: (£10,245k)).

Bridewell has a £11.8m Barclays Bank Plc borrowing facility, as detailed in note 9; as of 31 July 2025, the balance increased to £9,497k (2024: £6,629k) due to refinancing the Longacre School debt. Cash in hand as of 31 July 2025 was £344k (2024: £806k). The Governors consider that sufficient current assets, cash and borrowing facilities are maintained or are available to Bridewell to ensure that the operations of the Schools may continue for at least twelve months.

PAGE 16 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

GOVERNANCE THE COURT

The structure, governance and operation of Bridewell Royal Hospital is in accordance with the present Constitution made by the Charity Commissioners in November 1988 as amended by Resolutions of the Bridewell Court passed in March 2013 and March 2015. In May 2019 the Court undertook a review of the Constitution to ensure that certain aspects fit with more general legal requirements, with a particular focus on employment and safeguarding issues.

FBCS FCA BSc (Eng) MA (Oxon)

PAGE 17 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

GOVERNANCE ORGANISATIONAL MANAGEMENT

The Court as the direct Governing Body of the Schools, meets at least once each term, usually chaired by the Treasurer on behalf of the Vice-President.

The Constitution includes Articles of Government for each School which include:

(1) The Governors shall prescribe the general educational policy of the School, what reports shall be required to be made to them by the Head and the arrangements respecting the School terms, vacations and holidays.

(2) The Governors shall consider fully any views and proposals relating to any matter within the province of the Governors which may be submitted to them from time to time by the Head.

(3) The Governors shall, in consultation with the Head, make suitable arrangements to enable the teachers to submit to the Governors their views and proposals concerning any matters relating to the conduct of the School.

(4) The Head shall have under their control the choice of books, the method of teaching, the arrangements of classes and school hours and generally the whole internal organisation, management and discipline of the School, including the power of suspending pupils from attendance for any cause considered by them to be adequate, provided that on suspending any pupil they shall forthwith report the case to the Governors, but not including the power of expelling pupils from the School without reference to the Treasurer.

Management of the Foundation’s Endowed Fund is delegated under the terms of the Constitution to the Estates Governors’ Committee. Subject to reporting all actions and proceedings to the Court, the Committee is empowered to appoint investment advisers, set investment policy and monitor results. The Committee meets twice each year, receiving written and verbal reports from the appointed investment advisers. On behalf of the Committee the Head of Finance maintains regular communication with the investment advisers, reviewing investment activity and monthly valuations, bringing any significant matters to the attention of the Committee.

In addition to receiving the report of the Estates Governors’ Committee, the Court receives reports from the SubCommittees: Finance & General Purposes, Education & ICT, Health & Safety, Education Committee and Welfare Committee. Each School Management Group presents strategic, operational and academic matters to these sub-committees, together with reporting progress against Annual Objectives, all of which are then subsequently presented to the Court for approval. In addition, selected Governors oversee Health & Safety, Governor Induction & Training, and Child Safeguarding.

Each year the Finance & General Purposes Sub-Committee makes recommendations to the Court in respect of the pay and remuneration of the officers. In doing so, regard is had to the performance of the Schools and the individuals together with sector comparatives (published by the professional bodies in the sector).

GROUP STRUCTURE AND RELATIONSHIPS

Bridewell Royal Hospital comprises three trading schools, King Edward’s Witley, Barrow Hills School and Longacre School along with a wholly owned non-charitable subsidiary, KES Enterprise Limited.

KES Enterprise Limited, which was incorporated on 2 February 2004, provides special educational needs and other services and facilities to the Schools and other educational bodies that occupy the Schools’ premises on a temporary basis. The financial results are consolidated in these accounts.

RECRUITMENT AND TRAINING OF GOVERNORS

The Nominations Committee recommends candidates for appointment to the Court. The City of London Corporation appoints up to 12 Governors, 5 Aldermen and 7 members of Common Council. Between 8 and 18 Co-Opted Governors are appointed by the Court. New Governors are introduced to the workings of the Charity by the Treasurer and the Clerk, and to the Schools through the Heads and Director of Finance & Operations. Governors are encouraged to attend relevant courses from BSA / AGBIS and other bodies.

PAGE 18 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

STATEMENT OF THE COURTS RESPONSIBILITIES

Charity law requires the Court to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and the Group and of its financial activities for that year. In preparing those financial statements the Court is required to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether the policies adopted are in accordance with SORP 2019 and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Charity and the Group will continue with their operations in accordance with their objectives.

The Court is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and the Group to enable it to ensure that the financial statements comply with the Charities Act 2011 and with Orders from the Charity Commissioners for England and Wales. It is also responsible for safeguarding the assets of the Charity and the Group and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

In so far as the Court is aware:

There is no relevant audit information of which the auditors are unaware, and
The Members have taken all the steps they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Approved by the Court on 19 November 2025 and signed on its behalf by:

J S Voisin (Treasurer and Chair of Governors

PAGE 19 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE COURT OF BRIDEWELL ROYAL HOSPITAL FINANCIAL YEAR ENDED 31 JULY 2025

Opinion

We have audited the Financial Statements of Bridewell Royal Hospital (the ‘Parent Charity’) for the year ended 31 July 2025 which comprise the Consolidated Statement of Financial Activities, Consolidated and Charity Balance Sheet, Consolidated Statement of Cash Flows and notes to the Financial Statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the FRS 102 in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

This has been done in order for the Financial Statements to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

In our opinion the Financial Statements:

give a true and fair view of the state of the Charity’s affairs as at 31 July 2025 and of its incoming resources and application of resources for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with Accounting and Reporting by Charities preparing their Financial Statements in accordance with the FRS 102 and in other respects the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the Financial Statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the Financial Statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

PAGE 20 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE COURT OF BRIDEWELL ROYAL HOSPITAL FINANCIAL YEAR ENDED 31 JULY 2025 (continued)

Conclusions relating to going concern

In auditing the Financial Statements, we have concluded that the Members of the Court’s use of the going concern basis of accounting in the preparation of the Financial Statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group’s or the parent Charity’s ability to continue as a going concern for a period of at least twelve months from when the Financial Statements are authorised for issue.

Our responsibilities and the responsibilities of the Members of the Court with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the Financial Statements and our auditor’s report thereon. The Members of the Court are responsible for the other information contained within the annual report. Our opinion on the Financial Statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Financial Statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the Financial Statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

PAGE 21 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE COURT OF BRIDEWELL ROYAL HOSPITAL FINANCIAL YEAR ENDED 31 JULY 2025 (continued)

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

the information given in the Report of the Court is inconsistent in any material respect with the financial statements; or
sufficient and proper accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.

Responsibilities of the Members of the Court

As explained more fully in the Statement of the Court’s responsibilities, the Members of the Court are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal controls as the Members of the Court determine are necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Members of the Court are responsible for assessing the Group’s and the parent Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Members of the Court either intend to liquidate the Group or Parent Charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud, is detailed below:

The Group and parent Charity is subject to laws and regulations that directly affect the financial statements including financial reporting legislation. We determined that the following laws and regulations were most significant including the Charities Act 2011, Safeguarding Vulnerable Groups Act 2006 and employment law. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
We understood how the Group and the parent Charity is complying with those legal and regulatory frameworks by making inquiries to management and those responsible for legal and compliance procedures. We corroborated our inquiries through our review of board minutes.
The engagement partner assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations. The assessment did not identify any issues in this area.

We assessed the susceptibility of the Charity’s financial statements to material misstatement, including how fraud might occur. We considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas; posting of fraudulent journal entries, authorisation, processing, and payment of fraudulent expenses and timing of revenue recognition.

Audit procedures performed by the engagement team included:

Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
Challenging assumptions and judgments made by management in its significant accounting estimates; and identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.

PAGE 22 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE COURT OF BRIDEWELL ROYAL HOSPITAL FINANCIAL YEAR ENDED 31 JULY 2025 (continued)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidance-forauditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx.

Use of our report

This report is made solely to the Members of the Court, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Members of the Court those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Members of the Court, as a body, for our audit work, for this report, or for the opinions we have formed.

Menzies LLP

Menzies LLP Chartered Accountants Statutory Auditor Magna House 18-32 London Road Staines-upon-Thames TW18 4BP

Date: 27 November 2025

Menzies LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

PAGE 23 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025

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CONSOLIDATED AND CHARITY BALANCE SHEET AS AT 31 JULY 2025

19 November 2025

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CONSOLIDATED CASH FLOW STATEMENT

PAGE 26 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

Reconciliation of Cash Outflow from Operating Activities

PAGE 27 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2025

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STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2025

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STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2025

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STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2025

PAGE 31 BRIDEWELL ROYAL HOSPITAL – REPORT OF THE COURT

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

PAGE 32 BRIDEWELL ROYAL HOSPITAL– REPORT OF THE COURT