BROMFIELD'S EDUCATIONAL FOUNDATION FINA.NCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Registered Charity No. 312795 KNOX CROPPER
BROMFIELD'S EDUCATIONAL FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 We are pleased to present thelr annual report and flnanclal statements for year ended 31 Dember 2025. Th15 report hlghllghts our maln achlevements durlng the year and outllnes our plans for future periods. OBJECTIVES AND ACTIVITIES The objects of the Charity are the payment of slngle and termly grants for educatlonal purposes to Indlviduals resident in the former parlsh of St Andrew, Holborn (the area of benefltl and to schools Within the area of benefit, Tre plans for the year were., l. To support indivlduals In the area of beneflt 2. To malntaln Ilnks wlth local schools and other educatlon providers 3. To engage wlth local businesses to bulld awarenes5 of the needs of the area We rry out perlodlc Internal revlews and where necessary appoint professlonal adsor5 to support the development and delivery of our strategles. We completed a process to amend the composltlon of the Tnjstee body to better support the governan arrangements of the Charity towards the end of 2020. Our main actlvlty durlng the year was support for schoDls and Individuals In the area of benefit. Plans lor future perlods The level of support we are able to offer is dictated by Investment markets. However, our plarns for future per1ods are essentlally the same as those for previous periods: to the best of our ablllty- i. to contlnue to support Indlviduals in the affta of beneflt 2, to cuntlnue to malntain Ilnks with local schools and other education pr(Ivlders 3. to continue to engage wlth Ial buslnesse5 to build awane$S of the needs of the are ACHIEVEMENTS AND PERFORMANCE Publ1¢ beneflt En carrying out our work and preparfng thls report, we have had regard to the Charity Commlsslon's publlc beneflt guldance. We make grants avallable for chlldren and young people under the age of 25 Ilving wlthin the area of beneflt whose soclo-economic circumstances mean that they are restrlcted In thelr ablllty fully to beneflt from educatlonal opportunltles, and to schools wlthin the area of beneflt to support actlvikn'e5 that promote Inclusion and educauonal development. We seek through our one-off and termly grants to Impmve Indusion and access to actlvltles for chlldren who Ilve within the area of beneflt and who mlght otherwise be disadvantaged due to health15sues or lack of famlly resources. Our grants to Indlvlduals or organlsatSons aim to enable children to beneflt from school and other artivlties and excLJrslons that help to develop them beyond the school cuthculum. They alm to support chlldren In thelr development as active and engaged members of their communlty and soclety more widely. We also make grants to asslst wlth the purchase of school Ltnllorms so that d)ildren are not made to feel different because of thelr famlly cIrcumStan$.
BROMFIELD'S EDUCATIONAL FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 ACHIEVEMENTS AND PERFORMANCE (continued) Termly grants alm to enable parents to ensu that their children - whatever thelr level of abillty- are able to partlaP8te as fully as posslble In the opportunitles available to them. Revlew of 2025 At the beginnlng of 2024, we held substantlal cash reserves. We entered Into dlscus51ons wlth the three prlmary schools In our area of benefit and agreed that we would use the cash reserves to fund for three years the appointment of a therapeutic counsellor to WDrk In all three Schools. The new counsellor stsrted work at the beglnnlng of 2025. The post has proved to be somewhat more expensive than we antlclpated. I order to be able to meet our commitment to fund this post for the full three years, we shall, therefore, need to Idents'fy alternatlve sour9 to supplement the sum we agreed in 2024. Throughout 2025 we continued to work closely wlth our slster charlty, St Andrew Holborn and Stafford's Charlty to support chlldren and famllles Ilvlng withln 0r area of benefit. We awarded grants totalllng £94,905 {2024', £44,452). Of this, we awarded £7,695 {2024.' £9,575) In grants to Individuals and £87,210 {2024'. £34,877) to organlsatlons, In 2025, 1 I chlldren from 9 famllles recelved termly grants. Almost all the famllies are carlng for a disabled chlld wlth, for example, Downs Syndrome, autism or cerebral palsy. The amount of a termly grant varies dependlng on the age of the chlld and the severlty of any dlsablllly. We revlew the amount of fur¢ding annually and It stops when the young person has reached the age of 18 or if the famlly moves Out of area. At this stage, wherever possible and Sf approprlate, we give aSsIstan to f&mllles to source alternative financlal support. Alongslde the termly grants, we provided school uniform grants to a famlly wlth three prlmary-aged children, We also made an indlvldual grant to help a teenager at rlsk of excluslon attend a weekend vocatlonal trainlng course. The alm of thls support was to help encourage a sense of self-worth. We contlnued to support organi5atior7s whlch beneflt Indivlduals In our area of beneflt. A list of the organlsatlons we supported In 2025 15 Included at note 5 to the flnanclal statsrllents. We would Ilke to place on record our thanks for the contlnulng sUPPOrt of the Barristers at 3 Verulam Bulldlngs, who wish through a generous annual donation to SUPfM)rt actlvlYe5 in the area especlally for educatlon, FINANCIAL REVIEW Results for the Year Net income of £5,681 was recorded during the year whlch includes gains on investments of £54,746 resulting in the Balance Sheet resources Increasing from £2,220,359 to £2,226,040. Investments At the end of the year, Income from Investments and bank Interest fell to £60,01112024,, £64,931). Reserves At 31st Dember 2025 the funds of the Charlty amounted tD £2,226,040, of whlch £1,965,391 represented the permanent endowment. Unrestrlcted funds were £259,649, of whlch £57,816 has been deSIgnat for three-year funding of the therapeutyc counsellor In the three prlmary schools in our area of benefit.
Pcigp | 3 BROMFIELD'S EDUCATIONAL FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 STATEMENT OF TRUSTEES, RESPONSIBILfTIES Law appllcable to charlties In England and Wales requlres trustees to prepare flnanaal statements for each financial year, whlch glve a true and falr view of the statement of the charlty's flnanclal actlvitles durlng the year and of its flnanclal positlon at the end of the year. In preparing those flnancial statements glvlng a true and fair view, the trustees should follow best practi and.. selett sultsble accoUnng polides and apply them ConsStentIV. observe the methods and prlnciples in the Charities SORP; make Judgements and estlmates that are reasor)able and prudent; state whether appllcable accountlng standards have been followed subject to any materlal departures dlsclosed and explained in the Anancial Statements; prepare flnancial Statements on the golng concern basls unless It Is Inapproprlate to pSuMe that the Charity wlll continue to operate. Trustees are re5ponslble for keeplng proper accountlng records which dlsclose wlth reasonable accuracy at any tlme the flnancial position of the charity and which enable them to ensure that the flnandal statements comply with relevant leglslation and the trust deed. They are also responable for safeguardlng the assets of the charlty and hence taking reasonable Steps for the prevention and detectlon of fraud and other Irregularities. Governance and admini5tratlve detalls of the Charlty are to be fourKI on pages 4-5 of thls report. Approved by the Trustees and signed on thelr behalf by: The Revd Fr ristopher Smith, Chalrman Date.. 15 June 2026
BROMFIELD'S EDUCATIONAL FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT The Trustee body conslsts of 3 ex offlclo Trustees and four co-opted Trustees. Following a per0d where there were vacancles, the Trustee body Is now fully constltuted. The Trustees met on three occaslons durlng the year. In addltion, the FInan & Investment Commlttee, whlch Is delegated to revlew financlal and investment matters, met tw1. Pollcy is set by the TrLF5tees. Reswnslbllity for operauonal dellvery Is delegated to the aerk to the Trustees, New co-opted Trustees are agreed by the full Trustee body. All new Trustees are mentored by an existing Trustee and are provided wlth a trustee flle, whlch includes a copy of the governlng document, a copy of the latest annual accounts and a copy of CC3 The Essenbai fru5free publlshed by the Charfty Commlssion. Trustees have the oppr)rtunlty to attend meetlngs and appolntments with the Grants offlr. Trustees also have the opportunlty to attend trustee trainlng. The Trustees are grateful to Anna Paterson, the Grants Officer, for her contqnued hard work In support of the Charlty. Rl$k management The Trustees have given conslderatlon to the major rlsks to whlch the Charlty is exposed and satlsfled themselves that systems and prOdureS art established to manage those rlsks, Rlsks are revlewed annually. The Trustees have recognised the slgnlflcant risk to the Grants Officer when visltlng reclplents of the Charity's grarits and the measures that are In place to manage that rfsk. The Trustee5 are aware of the rtsk In respect of the volatlllty of Investment Income restrictlng their abillty to allevlate need In the area of beneflt. The Finan and Investment Committee formally meets the Investment Managers I1 a year. The Charlty has adopted a baland investment strategy wlth a medlum rlsk toleran. Investment policy The Trustees, Investments are managed on a total return basls wlth a medlum rlsk tolerance and due regard to dlverslflcation wlth the objertlve that a cominatIon of Income and capltal growth will support the ongoing artlvitles of the Charlty whilst malntalnlng the real capltal value of the Investments over the longer term. The Trustees are aware of the rlsk In respect of volatility of investments returns to meet the annual commitments of the Charlty. The nance & Investment Commlttee formally meets the Investment managers ce a year. The Charlty Is committed to responslble Investment and takes Into account enronMental, social and governantr issues. Our exposurt to investments in assets limlted under guldellnes Issued by the Church of England's Ethlcal Ir¢vestment Advlsory Group Is monltored rUlarty by the nance & Investsnent Committee in discussion with our investment managers. Sarasln & Partners LLP manage the bulk of our Investments, whlch form part of the Sarasln Endowments Fund Class A Inc. Reportlng15 quarterly and the overall Investment portfolio is reviewed [ce a year by the Finan & Investment Committee. The Charlty also holds a small investrnent In the Property Investment Trust for charleS (PITCHI managed by Nayfalr Capital Investment Management Lt(S (now part of Swlss Ufe Asset Managers UK Ltd). Reserves pollcy The Trustees have recognlsed thelr risk reglster the potentlal for loss of Income arlslng from volatlllty In Investment markets. They therefore malntaln a level of reserves suffldent to meet expected future commitments, ether wlth an element of contlngency provislon against any slgniflcant, unforeseen need.
Pago | 5 BROMFIELD'S EDUCATIONAL FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 STRUCTURE GOVERNANCE AND MANAGEMENT (contlnued) Grant making pollcy Schoo15 that have applled for grants ar financlal asSIstan and are dlglble under the provlslons of the Charlty Scheme are vlslted by the Grants Offlcer, whose assessment and recommend8tlons are then consldered by two Trustees of the Charlty. Grants over £1,500 are considered at a'ftjll meetlng of the Trustees. ADMINISTRATIVE DETAILS Bromfleld's Educatlonal Foundation 55 a registered charlty governed by trust deed. It Is reglstered wlth the Charlty Commlsslon under number 312795. The Charlty's offices are at 5 st Andrew Stet, London EC4A 3AF. Trustees The Rt Revd Jonathan Baker, Bishop ot. ex oftlao: Guild Vlcar, St Andrew Holbom Fulham Mr Edward Dobson Mr Paul Weston Ms Carollne Kordal Addy Mr David Ballan The Revd Natasha Beckles The Revd Father Chrlstopher Smlth ex offldLY. churchwarden, St Andrew Holborn ex oifiao.. Churchwarden, St Andrew Holbom co-opted co-opted co-opted c(i-opted {Chalrman) Offlcers aerk to the Trustees Grants Offir Mr Nlcholas Hllls Mlss Anna Paterson Prlnclpal advisers Investment Managers.. Sarasln & Partners LLP 50 George Street London WIU 7DY Swiss Life Asset Managers UK Ltd 55 Wells Street London WIT 3PT Independent ExaFnlner: Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD Bankers: Lloyd5 Bank plc Solicltors., Charles Russell Speechlys LLP 5 Fleet Pla Lorndon EC4M 7RD
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF BROMFIELD'S EDUCATIONAL FOUNDATION I report to the trustees on my examlnatlon of the accounts of Bromfield'5 Educatlonal Foundation fthe Charlty") for the year ended 31 December 2025. Thls port Is made to the Trustees, a5 a body, In accordan with the terms of my engagement, My work has been undertaken so that I mlght carry out an Independent Examlnatlon of ttie financlal statements In accordan with the General Dlrectlons glven by the Charlty Comm15sloners. To the fullest extent permitted by law, I do not accept or assume reswnsibillty to anyone other than the Charity and the Charlty's Trustees as a body for my woth or for thls report. Re$pon$ibilltie5 and basls of report As the chaty trustees or the Charlty you are responslble for the preparation of the accounts In accordance with the requlrements or the Charitie5 Act 2011 ('the Act,). I report In respect of my examination of the Charlty's accounts carried out under section 145 of the 2011 Act and in carrying out my examlnatlon I have followed all the appllcable Dlrections given by the Charlty Commission under sertlon 145(5llb) of the Act. Independent examlner'5 Statement I have completed my examlnatlon. L conflmi that no materlal matters have come to my attention In connection with the examlnatlon glvlng me cau* to belleve that In any materlal respert.. accountir¢g records were not kept In respect of the Foundation as requlred by section 130 of the Act, or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the appllcable requirements conrnIng the form and content of accounts set out in the Charitles (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'true and falr vlew, whlch Is not a matter Considered as part of an Independent examinatlDn. I have no concerns and have come across no other matters In connedon wlth examlnation to whlch attentlon should be drawn In thls report in order to enable a proper undetandIng of the accounts to be reached. 65 Leadenhall Street London EC3A 2AD Greg Stevenson, F.C.A. Knox Cropper LLP Chartered Accountants Date- 2026
BROMFIELD'S EDUCATIONAL FOUNDATION BALANCE SHEET AT 31 DECEMBER 2025 Notes 2025 2024 FIXED ASSETS Investments 2,141,855 2,085,184 CURRENT ASSETS Debtors Cash at Bank 225 1,521 135 090 136,611 88,146 Credltors,, Amounts falllng due wlthln one year Net Current Assets io 84,185 135,175 TOTAL NEf ASSETS 2,226,04D 2,220,359 FUNDS Endowment Fund Restrlcted Fund Unrestricted Fund5 TOTAL FUNDS 1,965,391 4,OQO 259,649 2,226,040 1,915,081 4,OQD 301,278 2,220,359 li 12 Approved by the Board of Trustees on 15 June 2026 and signed on Its behalf by.. +Jfvao- Trustee Chairman Trustee
BROMFIELD'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 srATVS Bromfield's Eduotlonal Foundatr'on is an unlncorporated charlty, reg5stered with the Charlty CommSssion wlth registered number 312795. The Charity'5 reglstered address Is 5 St Andrew Street, London, EC4A 3AF, A description of the Charlty's operatlons and principal activltles can be found In the Report of the Trustee5. ACCOUNTING POLICIES (a) Bas1$ of Accountlng The Accounts have been prepad under the hlstorlcal cost convention as modlfled by the revaluatlon of Snvestments at market value and accordance wlth applicable Accountlng Standards. They have been prepared Sn accordance with the Statement of Recommended Practice (Accountlng and Reportlng by Charltles) preparlng their accounts In accordance with the Financtal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) Second Editlon Issued In October 2019, the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland {FRS 102 March 2018) arKS the Charities Act 2011. The Charity constitutes a public benefit entlty as defined by FRS 102. The accounts have been prepared to glve a'true and falrf view and have departed from the Charlties (Accounts and Reports) Regulatlons 2008 only to the extent requlred to provide a'true ènd falr vlew,. Thls departure Involved following Accounting and Reportlng by CharitSe5 preparlng thelr accounts in accordance wlth the Financlal Reportlng Standard applicable in the UK and Republlc of lrtland (FRS102) rather than the Accountiro and ReporNng by Charlties Statement of Recommended Practlce effectlve from l April 2005 whlch has since been wlthdrawn. The Trustees consider that there are no unrtaIntieS about the Charfty's ablllty to contlnue as a golng COnrn. The functlonal and pre5entatlonal currency of the Charity Is the £ Sterllng. (b) Income Income Is recognlsed In the year once the charity has entitlement to the Income, It Is probable that the incorlle wlll be reIVed and the amount of Income receivable can be measured relSably. Income Is deferred only when the Charlty ha5 to fLJIflI condltlons before becomlng entitled to it or the donor has speofied that the income has to be spent in a future perlod. Donations are recognlsed when the Charlty recelves the Income. Investment Income is recognlse on the date on whlch the dlvidend Is paydble or the Interest arlses. (c) Resources Expended Liablllties are recognised as expendlture as soon as there Is a legal or construrtlve obllgatlon committing the Charity to that expenditure, it is probable that sethement wlll be required and the amount of the obllgatlon can be measured rellably. All expendlture Is accounted for on an accruals bas15. Costs of Ralslng Funds The c95t of raising funds conslsts of Investment management fees as well as an allocatlon of support costs. Charltsble Actlvttles Q)sts of Charltable Activlties include grants to indlvidua15 ond organlsatfons and dlrect costs assoclated with grant-maklng as well as an allocation of support costs.
BROMFJELD'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES (continued) Support Costs Support Costs have been allocated between activlties on the basls of staff tlme and include Governan Costs, whlch comprise all costs involvlng the publlc accountablllty of the Foundatlon and its compliance wlth regulatlon and good prac. (d) Grants Grants payable are (harged In the year In whlch the"offer Is conveyed to the reclpfent eXpt In those cases where the offer Is condltional, such grants beiw recInised as expendlture when the condition5 attachlng are fulfllled. (e) Fund Accounting Unrestrlcted Funds.. The unrestricted funds may be used by the Charity In furtheran of charltable objettlves at the dlsuetlon of the Trustees. Endowment Funds.. Permanent endowment funds are restrlcted capital funds where there 15 no power to convert the orlginal capital to income. Income from the endowment fund Is unrestricted. lill) Restricted Funds: Restrlcted Funds are funds whlch are to be used In accoan wlth spedftc restrlttlons Smposed by donors or whlch have been raised by the charity for particular purposes. The alm and use of each restricted fund Is set out In the notss to the flnanclal statements. (n Value Added Tax The Charfty is not lStered for VAT and accordlngly where appllcable, all expendlture incurred Is Inclusive of VAT. Ig) Investments The Charlty's Investments are a form of basic flnandal instrument and are Initially recognised at their transaction value and subsequently measured at thelr falr value as at the balance sheet date uslng the closlng quoted market pr1. The statement of financial activitles Includes the net galns and losse5 arfsing on the revaluations and dlsposals throLNJhout the year. Reallsed galns and losses on Investments are arrlved at by comparlng the net sale praedS with the market value at the end of the previous financial year. Unrealised gain5 and losses represent the difference between the market value of Investments still held at the end of the flnandal year wlth thelr value at the beglnnlng of the year or wlth thelr cost If purchased subsequently, Ig) Debtors Trade and other debtors a recognlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepald net of any trade d5scounts due. (h) Cash at Bank Cash at bank Is deflned as cash and short term hlghly Ilquld investments wlth a short maturlty of three months or less from the date of acqulsltion or opening of the deposit or slmllar account. Credltors and provlslons Credltors and provisions are recognlsed where the charlty has a present obligation resulting from a past event that wlll probably result in the transfer of funds to a thlrd party and the amount due to settle the obllgatlon can be measured or estlmated rellably. Creditors and provisions are rwrmally recognised at thelr settlement amDunt after allowing for any trade discouiits due.
PaiJo | 11 BROMFIELD'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 INVESTMENT INCOME 2025 2024 Investment Income Interest Recelved 59,131 880 63,734 1, 197 64,931 60,011 COSTS OF RAISING FUNDS 20Z5 2024 Investment Management Fees Support Costs (Note 6) 4,323 635 4,958 568 568 CHARITABLE ACTIVITIES Unrestrlcted Fund$ Restricted Funds 2024 Total Total In School Counselllng Servl Grants to Indlvlduals Grants to Organlsatlons Education Trainlng Manual staff Costs Support Costs (Note 6) 52,811 7,695 26,399 52,811 7,695 34,399 9,575 34,877 249 4,899 10,796 60,396 8,000 5,138 5,138 104,118 56,396 8,000 4,JOO 112,118 60,396 2024
Ppige 112 BROMFIELD'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 5. CHARITABLE ACTIVITIES (continued) GRANTS TO ORGANISATIONS 2025 Restricted Funds Unrestricted Funds 2024 Total Total Corams Fields GSr15 Group stAlbans School Muslc support Oracy Project Resldentlal Tp5 Chnstopher Hatton School After School Clubs Resldentlal Trips St George the Martyr School Resldentlal Trips Breakfast Club and Homework Club 2,QOO I,D90 1,000 4,000 4,000 5,090 1,000 4,000 4,000 4,000 6,150 4,672 6,150 4,672 7,912 4,585 3,487 6,000 4,000 7,487 6,000 6,380 6,000 26,399 8,000 34,399 34,877 6. SUPPORT COSTS 2025 2024 Staff Costs AdmInIstraOn Cost Recharge Insurance Sundrles Governance Costs 7,079 3,476 359 276 1,520 12,710 6,762 2,350 355 461 1,436 11,364 Governan Costs Include5 amounts payable to the Independent examiner of £1,52LI (2024: £1,436), No trustee expenses were incurred (2024., £NII).
BROMFIELD'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 STAFF COSTS 2025 2024 Salartes Soclal Security Defined Contribution Pension Costs 9,898 1,329 990 12,217 9,630 1,069 962 11,661 The Chartty's employees have jolnt contracts of employment wlth the 4 slster charities at St Andrew Holbom and wlth St Andrew Holborn Tradlng Ltd, Together they employed an average of 5 (2024.. 5) staff during the year, one of whom recelved employee beneflts of £70,000 £80,000 (2024: one, E60,000 ~ £70,000). Employment Costs are shared on a time spent basls. Key management personnel Is defined as the trustee5 and the Clerk to the Trustee5. No trustee received any remuneratlon for their role as a trustee (2024., ÉNII). The total remuneratlon of key management personnel was £87,917 (2024.. £83,977) of whlch the Charity's share was £4,396 (2024: £4,159). INVESTMENTS Sarasln PITCH 2025 2024 (a) Quoted Investments at Market Value Cash wlth Investment Managers 2,084,724 92 2,084,816 57,039 2,141,763 92 2 141,855 2,081,074 4,110 2,D85 184 57,039 {b) Movements in Investments Market value as at l January 2025 Additions Disposals Realised Galnsl{Losses) UnalISed Galnsl(Los5es) Market value at 31 December 2025 2,025,125 8,340 (2,397) 95 53,561 2 084 724 55,949 2,081,074 8,340 (2,397) 95 54,651 2,141,763 1,918,563 2,460 1,090 57,039 160,051 2 081,074 Cost at 31 December 2025 1843,354 58,288 1,904,642 1,904,642 The carrwng amount of flnana81 assets measured at falr value thmugh Income and expendlture wlthin Investments Is £2,141,763 (2024.. £2,081,074).
BROMFIELD'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 DEBTORS 2025 2024 Prepayments Investment Income Recelvable 56 169 225 63 1,458 1,521 10. CREDITORS 2025 2024 st Andrew Holborn Tr8dltvJ st Andrew Holborn Church Foundatlon Accruals 3,961 3,961 1,436 11. RESTRICTED FUNDS Z025 2024 Balan at l January 2025 Income ExpenditLJre Balance at 31 Dember 2025 4,000 8,000 8,ODO 4,000 8,000 4,000 The Restrlcted Fund represents monles recelved In respect of Charltable Donations from the 3V3 Charltable Trust to support the costs of after-school clubs and resldential trips, 12. UNRESTRICTED FUNDS General Designated Total Balance at l January 2025 Net Movement In Funds Trdnsfer Balance at 31 Dember 2025 201,278 8,182 8,182 201,278 loo,000 (52,811) 8,182 55,371 301,278 (44,629) 259,094 Balance at l January 2024 Net Movement In Funds Transfer Balan at 31 Dernber 2024 180,601 20,677 loo,000 280,601 20,677 201,278 loo,000 301,278 The Deslgnated fund was establlshed to provlde for the costs of an Inschool counselllng seNlce covering the three prlmary schools withln the Charlty's area of beneflt. The fund is expected to be spent out over the course of three years. No expenditure has yet been Incurred.
Pdge 115 BROMFIELD'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMEf+lTS FOR THE YEAR ENDED 31 DECEMBER 2025 13. NET ASSETS BETWEEN FUNDS Restrlcted Fund5 Unrestricted Funds 2025 Total Endowments Flxed Assets Current Assets Creditors 176,464 84,146 1,965,391 2,141,855 88,146 4,000 4,000 256,649 1,965,391 2,226 040 Restrlcted Funds Unrestrlcted Funds 2024 Total Endowments Fixed Assets Current Assets Creditors 170,103 132,611 1,436 301,278 1,915,081 2,085,184 136,611 4,OOCI 1,915,081 2,220,359 14. RELATED PARTIES The foElowlng parues are considered related to the Charity by vlrtue of havlng common trustees and shared emptoyees., St Andrew Holborn Church Foundation st Andrew Holbom & Stèfford'5 Ch8rlty st Andrew Holbom Trading Llmlted Parish Estates Charity Lady Elizabeth Hatton's Charlty st Andrew Holbom Church Foundatlon acts as paymaster for the staff employed under Joint contracts of employment. The Charlty pald £12,217 (2024.. £11,661) to St Andrew Holborn church Foundation for its share of employment costs. St Andrew Holborn Church Foundation charged the Charlty £3,476 {2024'. E2,350) as a contributlon to overheads. At the year end £Nil12024.' £NII) was owed to St Andrew Holtorn Church Foundation. At the year end £NII (2024.. £Nil) was owed to St Andrew Holborn & Stafford's Charlty and to St Andrew Holborn Tradlng £NII (2024.. £NII). No trustee reVed any relmbursement of expense5 (2024.. £NII).