THE BROOKES MEMORIAL FUND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 9 OCTOBER 2025

THE BROOKES MEMORIAL FUND
YEAR ENDED 9 ocfoBER 2025
INDEX
Page
Tru5tees' Annual Report
Independent Examiner's Report
Receipts and Payments Account
Statement of Assets and Llabilities
Notes to the Accounts
Schedule of investments

THE BROOKES MEMORIAL FUND
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 9 o￿oBER 202S
The Brooke5 Memorial Fund. 1-3, College Yard, Worcester WRI 2LB is registered with the
Charity Commission Ino. 5111011 and constltuted by Deed of Trust dated 9 October 1980.
The financial statements have been prepared in accordance with the accounting policies set
out in note I to the accounts, and comply with the governing document and applicable law.
The charity trustees during the year ended 9 ottober 2025 were-
M. Mylechreest
R. J. Wilkes
A. Wood
Trustees are elected by the present or surviving trustees.
The charlty's advisers during the year ended 9 Ortober 2025 were..
Solicitors
Hallmark Whatley Hulme LLP, 3-5 Sansome Place, Wortester,
WRI IUQ
Louise Ruane, Pear Tree Cottage. Yarrington Road, Alfrick.
Worcestershire, WR6 SEX
Lloyds Bank plc, The Cross, Worcester, WRI 3PY
Canaceord Genuity Wealth Management. Princes Drive,
Worcester, WRI 2A6
Melissa Godwin ACCA ACA, The Richards Sandy PartnershSp
Limited, Chartered Certified Accountarits, Thorneloe House. 25
Barbourne Road, Worcester, WRI IRU
Administrator
Banker5
Stotkbrokers
Independent Examiner
The object of the tharity Is to advance educatlon by providing bursaries at independent
schools in Worcestershire for loeal children. The trustees confirm that they have referred
to the Charlty Commission's general guidance on public benefit when reviewing the Fund,
aims and objectives and in planning future activities and settlng the grant makin8 policy for
the year.
In accordance with the Trust Deed. awards are made for one year only but will be
favourably reviewed for future years provided that parental circumstances have not
changed 5ignilicantly and the student's progress 15 satlsfactory.
Cash reserves of the Income Fund at the year end were £74,71012024- £70,867). The
trustees, polScy is to retaln sufficient reserves to cover grants awarded for the next 12
months and the potential renewal of those grants subject to renewal criteria for the
foreseeable future. The trustees, policy also include5 retention of É20,000 earmarked for
unforeseen emergency tases.
Page 1

THE BROOKES MEMORIAL FUND
TRUSTEES, ANNUAL REPORT
FOR THEYEAR ENDED 9 OCTOBER 2025
Revlew of Finènclal Actlvltles
The charity's income fund reteipts amounted to £28,38012024- £27,657). Grants were
paid to 612024- 51 students, amounting to £19,51412024- £11,tKJOI and administration
expenses of £5,02212024 . £4,998) were paid. Bank balances at 9 October 2025 were
£74,71012024 - £70,867) on Income Fund and £31,94212024 - E6,0711 on Capital Fund.
The Capital Fund investments had a market value of £586,917 at 9 October 202512024-
£592,575). The actlvities of the charity remained unchanged and conslstent with the
charity's objectives throughout the year. There have been no change5 in these activities
since the year end.
Investment Poll¢y
The Trustees have delegated the powers of investment management to Canaccord Genuity
Wealth Management. The objectives of the investment policy are to ensure the creation of
sufflcient income and capital growth to enable the charity to carry out its purposes
con515tently year by year with due and proper consideration for future needs and the
maintenance, and if p05sible, enhancement of the value of invested funds.
A. Wood
For and on behalf of the Trustees
Date-
Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE BROOKES MEMORIAL FUND
I report to the charity trustees on my examination of the accounts of the charity
for the year ended 9th October 2025 which are Set out on pa8es 4 to 7.
Responsibllltles and basls of report
As the charity's trustees you are responsible for the preparation of the accounts in
accordance with requirements of the Charities Act 20111"the Act").
I report in respect of my examination of the charitV'5 accounts under section 145 of
the Act and in carrying out my examinatiion I have followed all the applicable
Directlons given by the Charity Commission under section 14515llbl of the Act.
Independent examiner'5 Statement
have completed my examination. I ccnfirm that no material matters have come to
my attention in connection wlth the examination giving me cause to believe that in
any material respect:
l accounting records were not kept in respect of the charity as required by
section 130 of the Act,. or
2 the accounts did not atcord with those records.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a
proper understanding of the accounts to be reached.
Mellssa Godwln ACCA ACA
The Richards Sandy Partnership Umlted
Chartered Certified Accountant5
Thorneloe House
25 Barljourne Road
Worcester
WRI IRU
Page 3

THE BROOKES MEMORIAL FUND
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 9 OCTOBER 2025
2025
2024
UNREsfRICTED RESTR]￿ED
INCOMEFUND CAPITALFUND
TOTAL
FUNDS
TOTAL
FUNDS
Receipts
Investment Income:
Dividend5 and interest from
listed investments
26,230
211
26,441
25,318
Bank and other deposit interest
2,150
2,150
2,402
Proceeds of sale of Investrnents
51,119
51,119
47,927
Totsl recelpts
28,380
51.330
79,710
75,647
Payments
Direct charit3ble expenditure:
Grant5 to students
Investment management charges
Adminlstration
Independent Examination
Purchase of investments
19,514
19.514
5.355
4,500
522
20.104
11,ooD
8,856
4,500
498
43,099
5.355
4,5CK)
522
20.104
Total payments
Net receiptsl{paymentsl tor the year
24,536
25,459
49,995
67,953
3,844
25,871
29.715
7,694
Bank balance5 at 9 October 2024
70,867
6,071
76,938
69,244
Bank balances at 9 October 2025
74,711
31,942
106,653
76,938
Page 4

THE BROOKES MEMORIAL FUND
STATEMENT OF ASs￿s AND LIABILITIES
AS AT 9 OCTOBER 2025
2025
REsfRl￿ED
CAPITAL
FUND
2024
UNRE￿RICTED
INCOME FUND
T(YfAL
FUNDS
TOTAL
FUNDS
Cash and bank dep055tS:
Bank current account
Stockbroker deposit account
Charities deposit fund
23,972
23,972
31,944
50,738
21,728
6,621
48.589
31,944
50.738
74,710
31.944
106,654
76.938
Investment assets:
Investments at market value (see page 71
586,917
586,917
592,575
Liabilitles:
Independent Examiner's fees
522
522
498
Approved on behalf of the Trustees
A Wood
Date..
Page 5

THE BROOKES MEMORIAL FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 9 OCTOBER 2025
l Accountlng pollcle5
The accounts have beell prepared under the receipts and payment5 basis in accordance
with the Statement of Recommended Practice and comply with the Charities Act 2011.
This basis is considered appropriate as receipts from the sale of investments do not form
part of the charitable income.
The investments have been valued at market value by Canaccord Genuity Wealth
Management, a firm authorised and regulated by the Financial Condutt Authority.
Short-term, highly liquid investments that are readily convertible to known amounts of
cash and that are subject to an insignlflcant risk of changes in value are treated as being
cash equivalents
2 Funds
The Capital Fund Yepresent5 the original capital of the charity. It Is a restricted fund held
for investment purp05es the income of which is to be ijsed for the objects of the charitv.
The Income Fund represents the unexpended income of the tharity. It Is an unrestricted
fund.
3 Tru5tees' Remuneratlon and Expenses
The charity employs no staff and during the year it was administered by L Ruane on behalf
of the trustees.
The trustees were paid no remuneration and dld not receive any relmbursed expenses
during the year12024 Nill.
4 Related Party Transartlons
There are no related party transattions to report durinE this year or the preceding year.
Page 6