The Bradfield Founda¢iOn Registered Company No.: 02491155 Rcgi5tctcd Chatity No.: ￿0457 THE BRADFIELD FOUNDATION TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 *AEZ2U77N• 011041%)26 COMPANIES HOUSE A12 #197 The Btadfield Foundation Trustees) Report and Financial Statements For the year ended 31 August 2025 Contents P¥ge TEUStees report Independent Examinerfs Report Srxternent of Financial Activities io Balance sheet 11 Staremenr of Cash Flows 12 Notes to the Financ￿ Sratements 12-20 The Bradfield Foundation Ttustees. report for the year ended 31 August 2025 Th¢ Trwre¢s pi¢scnt their annual report and the xudited financial statcrtwits of the Foundation for the yeat ended 31 August 2025. Reference and administrative details Chatity ttuttibet. Company number. Registered o(fice: 9(KH57 02491155 Btadfield College Readu)& Berkshite. RG7 6AU Direetors and trustee$ The Directors of the charitable company C'the Charirf? are the Twstees for the putpose of chariry law throughout this report are collectivdy referred ro as the Ttustees. The Trustees setving dLuing the year and since the year end were a5 lollows.. Mr P C H Buttowes Mrs V A Finegold Mr E J S G2rrett Mr J R E Muit (Chaitman) Company secretary A R MacEwen Independent Examiners RSM Tax and Accounting Ltd Charrered Accountan Davidson House Forbury Square Reading Berkshtre, RGI 3EU Solicitors F￿r&CO 66 tincoln's Inn Fidds London WC2A 3LH Bankets Bardays Bank PLC 2 Churchkll Pla¢¢ London E14 5HP The Btadfield Foundauon Trustees, report for the year ended 31 August 2025 (continued) Siructurey governance attd man2genLent GoverninR docutnent The Brddfield Found2uoo (tbe Found2ti0n) 15 a cornp￿Y limired by wntee of it5 members ￿Ve£￿ed by its Memorandum and Artides of Association dated 10 April 1990. It is re￿Stered as a chariry with the Chariry Cummission. Each of rhe membets has undertaken to contEibute Ihe sum ot £1 in the event ot the company being insolvenr on a winding up. Appoiniment of t￿￿teeS A person may be appointed as a tn]stee if they are recommended by the Trusrees. A person W1￿.￿g to be a tLUStee may be appointed by ordinaL7 resolution and will hold office until the next annu9J gener9J meeting. Bradfield College is entided to %ppoini two trustees. Tmstee induction 2nd training Nrnv trustees are briefed on the curtent activities of the Ch*riry and are abo given infomution on the recent fin2ncAxl perfomunce of the Chariry and detads of Current Fundraising campaigns. Organisation The Foundauon is man3ged on behalf of the membets bv a b0￿d of Truscees. Vlho are the Company's directors. The Board meers during the year to review the chan"cy's sttategic direction and set rnain objective5. D¢ci510ns are made in ￿ne with the Chari￿$ governing documen¢ with due re￿rd to the Charity Commission's guidance on pubhc benefit. Related chatity The Chariry is dosely related The Kvarden and Council of Sainr AndreTh's Colleg¢ Br2dfidd ("Bradfield College" or'the College. J. in that its purpose is ¢0 promote the charirable PULPOSe of thc Collegc. Risk management The risks to Nvkn"ch the Found2ti0n is exposed are considered in h.ght of the risks of Btadfield College as the Foundation s purpose is to prornote the charirable purpgse OF the College. The Foundation is not subject to 5Lwficant risk-s. as don2ti0ns are only tnade to the colle￿ when tunds ate av2Jlable and funds are held in short terrn deposits prior to donation co the College. Risks are COns￿ered by rhe TEusic¢s on a regular basis 2nd thc systems currendy in place ro mitigate those risks are considered appropriate. OBJEcfivES AND ACflVITIES Objects The objects foE ivhich the FoundatiOlI ts est2bb.shed are 10 promote the charitable puwse of The Ivarden and CounciL of Saint Andre￿$ College, Bradfield and othenvise to promore any orhcr chan"t2ble Pu￿05¢ conn¢ct¢d with or otherwise associated the College. In setting our objective5 planw our 2Ctivitie5 the Trustecs have yvcn careful consideration to the Charity Commission's genetsl guidance on pubh"c benefit. Main objectives for ihe year The main objectives lor the year ended 31 August 2025 were to: help the College tnaintain and cahance its competitive position r¥onally. nationgjly and intern*tiongJly as a leading instiNtion for teachin& pastoral care and all_tound excdlence. and Aise significant financi9J resources. between short. medium and long-te￿ co undcrpin the Collcgc's activities. The Bradfield Foundation Trustees, report for the year ended 31 August 2025 (continued) The Ttustees make donations from the Foundation's fimds iti suppott of che College's activities. based on requesrs for support From the Colly. Thc key fundrwsitig paoriry for the year ended 31 Augu%t 2025 w2S Butsarie5. as well as * private phase of fUnd￿JS1ng to secure pledges ro 5UPPOrt tLie proposed H¢aLth & Wdlbcing Cenrre. as set out in the College's Carnpus Developrneni Framework Strategies etnployed io achieve the Chatitys objectlves The d*y-to-day operations OE the Foundauon are managed through the B(adfidd Sociery and Devdoprnent Office. Funds are generated by specific and general appeals to Eomier pupils, parents and other Pe￿On$ connecred the Collge. A number OF diEferent strate￿£5 were employed durAng the year to at￿"eve the Chariry's objectives, in relation to each fundrnising prioriry. These were as Eollows: Th¢ launch OE the 175 Bursary C2rnm to raise fimds to support the ongoing piovision of means- tested bursaries iti I￿t with che loundthg pIiti¢iples of the College. Privat¢ ph2se OE fundr￿sIng 10 Secure eady pledF for a proposed Health & Wellbeing Centre as part of the College's p]2tt to contitiue to invesi iti the campus. Pupll Suppott Fund _ Donations received to x pupil support ￿nd co enable those pupi15 r¢c¢isryng finxnciaL assistance with fees to access funds for tiips and othec acuviues. Generoj donations - Through an in&.￿idUal donor campawi. sruvarding direct debit donors and the conDnuation of the legacy campai￿. Bradfidd Club in PecLharn (2 cornmuniry piojett itl South London supported by tbe College for over 100 yeais).. fundraising thtough College carol services, concerts and 9Jumni activities. and raising awareness of the Club through Br2dfidd Sociery communications. St Artdrew's Prep School.. as part OE the Btadfield Group. advising their fundraising sttategy to support the bLuld and fit out of an Innowation Hub. and processing their donations through our CAF 2c¢ount. The Foundation Office employs a number of fundraising strxtwes to achieve its 2ims, induding 2 lljajor gLEts program. regular giving campaigns. Gifts in Ivills outreach and single donation campaigns (most recently rhrough a 'Giving D2y'.) The Foundation piimarilF Igcuscs on major ￿Et$ for capir9J projects ivhich can take 6 month5 to 3 years. and sometimes longer, to corne to Eruitioa. Each project follo￿ a standard fundr9ising cyde whLch consisis of.. Identification (prosptcr re5tarch) Cultivation (infortnation, commutiication. engagement and involvement) Solicitition (through one-to-one dinnets. Head or Chairman requesrs. direct appea]5 induding vi# maiLshots and tdephone) Stewardship (invitauons to dinners. Teunion5. regu12r updates. btrthday cards. Headmaster correspondence . The Bradfield Found•tion Trustees, report for the year ended 31 August 2025 (continued) Achievements and perfom)ance The TTh￿tee5 are gratetul for 3Jl donations in suP￿rI of the appea15 of the Foundation. Key to the furure success of the Foundxtion in #ckn"evts)g its objtcttves 15 the abl￿"￿ to am¢t and rerain new donors. The Ttustees ar¢ th¢E¢Eor¢ p1¢25¢d to r¢poEt thai dwing the year.. £655.056 was t2ised by The Foundauon Office which indudes pledged and ieceived income. This induded support foc the Eollowing. £248,(￿ Trised Eor BuE52ries through the 175 Bursw C2rnPai8n (2024.. 61.0(K). Thc campaiga included a majoi gifts strarcgy to raise matched funds, sOCi21 mekn"a stories profi￿"ng currenr and past Bursary Award holdexs. direct mgjl and email markeung. cujminating in our inauguraj Giving Day at the end of the school year. The Giving Day, a 36 hour online and 0£￿"￿t evenl attracted over 410 donations and rgised £151.000 included within the burs2ry figure above. This event, wh"Lch included pupil and stAff involvement, secured 48 /0 donations from parents. 280/0 donations from OBS. 14°/o from st2fE 2nd 80/0 from fn"ends. wilh 640/0 first-llme donors. £61.(KK) was t3ised in advance through major gifts and £90.(K)O was raised during the event. 5(W/o of Giving dooots also donated to St Andrth¢s Srudy Centre whLch demonstrares the strength of our donor stewatd5hLP, inspiting them to yve aga￿. Other donations for Bursatie5 were raised rhrough our t£aver's dcposit scheme (£47,000), regular gLving I£IO,(KK)) and a rnajor ￿1[ Pled￿ to be p￿d in 202i/26(£30.0(K)) 1vlll.ch was ttiggered by the Giving Day campaign. Builthn £??,5W rnieed EOE the He￿th &. Ixlellbeing Centre Kvjr achieved in the PriiTate phirc of fundraising comprising of 4 si￿le gAft5 and £150.(A)O Irom 2 legacie5 deSw￿led for this pU￿0$e ftom untestticted Eunds. £116262 Thised for St Andr￿v5 Smdy Cenrrc, altho￿h this projeec is now cotnplete. these donations Iepresent previou5 s9EI pledges wEll"ch have now been realised aod nor previously accounted Eor. 1850 Legacy Society- Ive received 2 legacRes oE£150.IXM) this year whith were designared to Health and Vellbeing. Mernbership has decreased sllghdy by 2 wfftrh 32 members. There ivas no active legacy recnjitment programme this year. £104.263 was received on behalf oESt And[t￿S School for their'Innovauon Hub. capital project. The Devdopment Office supports the Eundraising #Ctivities of St Andrews School as part of the Bradfidd Group by 2dYising on str2regy and red2imthg gEr air £558,659 of Foundauoa funds were agreed ro transfer io College for bursarie5 and other projects for the financial year 2024-2). £5.(X)8 Ivas transferred to the Bradfidd Club in Peckham Funds raised Duting the year the Development Office raised £497,957 for specific purposes C'restricted funds") and £157.099 for general pwses C'unre5tiiCted funds") for the Foundauon. Further details OE restricted fi]nds raised during the year are provided in note 11 ro the financi3J sratemenrs. The Bradfield Foundation Trustees, report for the year ended 31 August 2025 (continued) Financial review Donations and charitable expenditure Donauons of £559,0(X) were made to Btsdfidd College Erom restricted and untestticted tunds. These donations iacluded support for tbc followi￿ projects: Bursary awards- £218.273 HeaLth & Wellbelug Ceotre - £172,SCM) St Andre￿S Study Centre - £48.159 Th¢ Innoviuon Hub ar Sr Andru¢s School -£104263 Shooung - purchase of new equipment and range rep3its - £5J79 Music Trips - enrichment music tsips for scholars - £2.395 Archive Digitisauon (Chronides) - £6.0(M) Further detalls OEeXpenthn￿e atr given noce 3 to the finaocthl statemenrs. After expenth.tute incurred, and othcr 3nd105ses. the total ner incoming resources for the ycar were £79.841 (2024.. £444,529) Investmeni powers and policy Under the Memorandum and Arllcles of Association, the Charity has the power to inrest the monies of the Foundallon nor irnmeth"ately required for its own purposes such investtnents, securities or property as the Trustees Ivish. Surplus fuods are hdd on short tertn deposi15 for speafic projects. Reserves The level OE reseEves at the year-end was £724.70] (2024". £644.860) These resetves are held by the Foundauon unui they are required by BradfLdd College to pay for the projects Eor which the donations have been received. The College incurs the Costs and then receives donations from the Foundauon to cover these costs. The Chariry does not set x specific ￿neral level of targei reserves. but instead considers each specific project accord￿g to the oeed of funds required by the Colle￿. Plans for future periods The key Eundraising priorities in the coming year are to support the building projects as idenufied in the Campus Development FramthvorL the continuation of the 175 Butsary campajgn Ihtough re-invigorate regLdar ￿Tring 2nd recruitrnent to Ihe 1850 I£￿cY Society. Specific of 2CUVAty will indudc: Campus Development- Health & Wellbei￿/ Cricket and Padel13G PAtch Following completion of the Si Andrews SDJdy Centre. the next capiul project identified by the Campus Devdopmenr FrdrnewoEk is 2 pu￿05C-but11 Heath & Wellbell4 Centre located in the hearr of the boarding hO￿t5. Thi5 projeci was appioved by Council in June 2025 and is currendy out for tender. TendeT5 ar¢ du¢ by the end OF 2025 when the fioal decA5ion wjll be made. Until the project offici)Jly launches, we ￿ryJI continue to identify and porentiaL rnajor donors through 1-2-1 conversations and Foundation Dinners. Current donors have agreed tliat if the projecr does not go 2heid, rheAr donations can be transferred 10 the Bursary Fund. The Bradfield Foundation Trustees, report for the year ended 31 August 2025 (continued) The carnp9ign will officially launch in March 2026 with a letler frorn the College to 2ll parents, alumni and lriettds. This be followed by dtrect maQ inclusion in all Bradfield Society comms. and dethcated social media. The carnpaign wiu culrnitut¢ in a Giw Day All June 2026 which will have the duaj aim of raising Eunds for Bursaries and the Health & Wellbeing Centre. iv. In order Eor thi5 carnpli￿ to be successtul, we need to ensure the mental health provision f2cilir2ted by the Centre is central to our mes52wg to create a compe￿"n8 ￿se for support and avoid the perception t￿"$ is jusi a new'med centre., We will work dosdy TrVAth the Campus Devdoprnent Project Manager and Project Sponsor ro communicate the case for support and create difEerent strands for donor reco￿tion. In ad&"tion to the Health & Wellbeing Centre. there are also plans for an Indooi Crickct Centr¢ and Padd Courrs. If this goes 2h¢ad ind Eequircs fund￿"s1￿& we wAll run a tatgeted campaign ro the Waifs (OB cricket Club) curreni parents olA and B te￿n uicket players. Bursary Appeal - Regular Givxng> Giving Day and Major Gifts Build on the mornenturn of the 175 Bursary campai￿ and Giving Day. to launch a regular ving campgign iwith the medium-term aim to secure 17) regu12r donors (currently appiox. 40). Thi"$ Nvillindude segmented dtrect mad and sc(i9J meth"a. Followed by a soft telephon¢ c21np1i￿. Thi5 will Euo from Novetnbcr 2025 - March 2026. Regular ￿VIng is not tradLuonally i major ncome source for the independent sector (<12O/o.. Soutce.. IDPE) but it pliys a key role ID dping identify 2nd cultiY21e fuNre major donots, and provides a regular income stream. Run a £ernnd fJiving D3y in June ?0?6. 2 36- ho￿ Eundni"er incorpornting onlme dnd phyolc.al challenges involving the whole school communiry. attracting engagemenr frotn both parents and alumni. will launch with a major ￿E[S sttategy to seek £30k - £IOOL An tnatched funding. Evolve rhe current I£aver5 Programn￿ to encourage low-levd regu]3r giw and early philanthropy. Build up rhe previous 5ucces5 of the itavers Deposit Gift Strategy 10 secure mote gfts. Promote gifts in wills as a %vay of ￿VI￿, in all comrnunicauons. Share butsary stories online. in the Bradfielthn and other communications. iv. Legacies - 1850 Sociery Extcnd the membership of the 1850 Society to indude donots. to p£ovide an umbrella Eor ivider irnpact reporting and recruitmeni of new l£gatots through an 1850 Socie Newsletter. Research 5how5 that L£gaiors do not prefer to identify as a group related to their rype oEgift. but rather as supporrers of the school. Move towards 'Gifts in Wills, as the main temiinology - sltnp1Lfy￿ the current tnessa￿Ag and atttacung younger Legatots through our partnetship with adeus which offer5 OBS a free orth.ne wjlls service. Include 'Gifts io WAll5' as # way to give in all fimdrdising communications. The Btadfield Foundation Ttustees, report for the year ended 31 August 2025 (continued) Statement of Trustees, responsibilities The Trustees (who 9se 9Jso directors OE The BradfLeid Foundation for the purposes of cornp2ny law) are r¢5ponsibl¢ for preparing the Trustees, Report #nd the financial staterneors in accordance Twith #pplicable law and United Kingdorn Accounting Standards (United Kingdom Generally Accepred Accounting Pr#ctice). Cornpany law requires the Trustees to prepare f￿anCIal sratements for each financial yeat w￿Ch give a twe and fair view of the state of afEgirs of the Chariry and of the incotning Eesources and appbcauon of r¢source5, indUd￿g the income and expend&Nr4 of the ch￿1￿ for rbai pcrid. In prep￿illg these financial statrments, the Trustees are requLred to.. select suitable accounting policies and then ipply thetn consistendy obsertre the tnethods and principles in the ch￿lOC$ SORP. ake judgements and estimates thar are reasonable and pruden stste whethcr apphcable UK Accounting Standxrds have been followed, subject to any material d¢Parn￿¢S disclosed 2nd exp12ined in the financi9J statements" and prepare the fin2nci21 Sfatcrnenrs on the going concern basis unless it Is in2ppropriate to presume that the Chariry con¢inu¢ in busLne55. The Trustees are responsible for K-eeping proper 2CCOiIAttng records thar disdose with reasonable accuracy at any time the financi￿ position of the Chariry and enable them ro ensure that the financial statemetlcs corDply rh the Companies Aci 2(K)6. They ate also Iesponsible for safeguarding the assets ol the Chariry and hence for ta￿.ng reasonable steps lor fh¢ prevenuon and detection of fraud and other irr¢gular'Lties. As far as the Trustees ate aivare.. there is no relevant audit infomuuon of which the Cb2rity's %uthtot5 are unaware. and the Trusiees have taken all sieps that rhey ought to have taken to make themsdves 2W2re oEany televant auth"i infomlallon and to establish that the authroi is aw￿ of that inforn]auon. The Trusrces ai¢ responsible for the ￿￿intenanCe and integriry of the and financial inEotmauon induded on the Chariry'5 web5Lle. l£gislallon in the United Kingdom governing the preparation and dissemination of financial ststements may differ Erom legislation in other Iuristhction5. Going concern basis The Tru5tc¢s ar¢ satisfied that it is appioptiate for these financial sureEnent5 10 be prepared on a goi￿ concern basis. The Trustee's Repoxt was approved by the Board of Trustees. By order of the Board JREMuir Ch>itman 25103126 The Bradfield Foundatiott Independent examinees report to the Members of the Bradfield Foundation I reporr to rhe Trusrees on my examination of the financial sraietnents oEThe Brddfield Foundation for the year ended 31 A￿￿51 2025. which a￿ set out on pages 9 to 20. Respective responsibilities of Ttuslees and examiner A5 the Trustees OE the Chuiry you are responsible for the preparation of the financi21 statements in accordance witb the requirements of the cball.ties Act 2011 ('the ?011 Act). I report in tespect of my ¢xafftiTution of the Chariry's financial statements carried out under section 145 of thc 2011 Act and in carrying out my examinauon I have followed all the apphcable Directions gven by the Charity Corntni55ioo under 5ectsoD 14) (i)(b) of the 2011 ACL An independent exarninatioo docs not involve gath￿ all the evidence that would be wuired in an audit 2nd consequendy does not cover all the mittets that an auditor considers in ￿vIng theit opinion on the fLnincial statements. The planning and conduct of an 2u&"t goes beyond the lllrn.ted assurance rhat an independent ex2mination can provide. CoEJsequendy. l express no opinion ¥ 10 whether the finanaal statements preseni a 'twe and fair Fi￿< and my report is Limited ¢0 those specific matters set out in the independent examiner's s¢atemenL Independent examinees statement Since the ch￿"ty'S gross income exceeded £250,0(M) yout examiner tnust be i member of a body listed i section 145 of the 2011 Act. I confitrn that l qualified io undeEtake the ¢xamin2tion beciuse l am a rnember of The Insututc of Charrered Accountants in Eng12nd and Wales. which is one OF the listed bodies. I have compleied my examin2tion. I confirni that no m2rerial mattets hive come to my attention in connecuon with che examination giving me reasonable cause to beli￿re that in any materigj respect". 2ccounung records were nor kept in respecr of the company as required by section 386 of the 2006 Act. or 2. the financ￿ statements do not accord with those records. or 3. th¢ Fin2nciai ststemenrs do noi comply iwith the applicable requirements concerning the fonn and conteni of financigj statements set out in the Chan"ties (Account5 and Repor15) ReguLations 2008 other than any requiiement that the financA21 statements ￿ve a 'true and fair th.ch is not a matter considered as part of an independent e¥￿ni￿all0n. I have no concern5 and have come across no orher macrers in connection wirh the e.¥Aminauon to which attenuon should be drawn in this report in ordet ro enable a proper unde￿tanding OE the fin*nci9J statements to be reached. Kerry Gallagher FCA DCILA The Instiwte OE Cbartered Accourttants iti England and Ivales On beh9Jf OE RSM UK TLX and Accounrmg IJtW"ted Chart￿d Accountants Davidson House. Forbury Square Read￿. Berkshire RGI 3EU 25/03/26 Date . The Btadfield Foundauon Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 August 2025 UDre5tsict Funds Re¥DtriLted Funds TulAI 2025 Tulal 2024 Notes . Income Grants 2nd donations 157.(F)9 497.957 655.056 1.071,716 Total income 157 099 497 957 655.056 1.071.716 Expenditure Expenditure on Chacitable activities 161,i39 413.676 575,215 627.187 Total expendiiure 161,539 413,676 575,215 627,187 Ner inc0rnel(expendi￿re) before transfers (4,440) 84.281 79,841 444.529 Net movement in funds for the yeat {4.440) 84.281 79,841 444.529 Remnl7ho￿Oll offuKds Funds brought forward at I Sepcember 52.787 592,073 644.860 200.331 Funds carried forward ai 31 August 48,347 676,354 724,701 644.860 The Statement of Financial Activities indudes all gains and losses recognised in the Ye￿ 2nd indude5 the Income and Expen&"ture of The Brddfield Foundation. An analysis ol ptior Ye￿ incotnc expenthrure between funds is set out in noie 17. The notes on pages 12 ro 20 form pari of these financial suterneThrs. The Bradfield Foundaiion Balance Sheet as at 31 August 2025 2025 2024 Notes Current Assets Debtors 519.539 263,491 605.055 50,395 Cash at bank and in hand 783.030 655.450 Crediiors . Amounts falling due Mtlun one year (58J29) {10,590) Net Current Asset$ 724,701 644,860 Net Assets 724,701 6M.860 Funds Restricted Funds 676,354 592.073 Unrestricted Funds 12 48J47 52.787 Total Funds 724.701 644.860 The financA21 staternents have been prewdred in accordance with the p￿vISIo05 2pplicable to companies subject ¢0 the small companies, regirne The charirable company is enuded ro the uemption From the auth"t requirement contsined in section 477 of the Companies Act 2(X)6 {the Act) for che Ye￿ ended 31 Awsr 202) and lis tnembers have not required the Ch￿Itable company to have an audit of its financial sratemcnrs foi thc period in question in accordance with 5¢Ction 476 ol the ACL The financial statements were approved by the Trustees on25103126 and signed on their behalf. by.. JREMuir Chairman The rlotes on page5 12 to 20 forni part of these financial ststements. Registered Number: 02491155 io The Btadfield Foundauon Statement of Cash Flows For the year ended 31 August 2025 2025 2024 Notes Cash gettetated frotn/ (absorbed by) operations 16 2LI,O% (88,(X)3) Inctease/ (dectease) in cash and cash equivalents duting the year 213.096 {88.(X)3) Cash and cash equiv21ents at I S¢pt¢rnber 2024 50.395 138J98 Cash and cash equivalents ai 31 August 2025 263.491 50J9i The notes on pages 14 to 20 form pari of these financial statemenrs. 11 The Brndfield Foundation Notes to the Financial Statements for the year ended 31 August 2025 . l Accounting policies Company iDforniation The Bradfield Foundation i5 a private ]imiied COTnpany by gU￿&￿tee withour sh¥re c4)itxL 2nd ￿se OE lin)ittd' Lyemption. The B12dfLeld Fouttdation is iewttted and incoxpor2ted in EtW*nd and Wak4 Rcgistered Number 02491155. The registered office is Br3dfield Collesq Biadfidd. Berk.h￿4 RG7 6.lu Basis of preparation The fioanci21 staterncnts knve beeo prtFated in accordance with Accounting and Re￿￿tIng by Chatiues.. Statement of Recornmended Pr2cuce applicable ro ch￿tieS PreP￿ing their accounts in accordance with the Financial Reporting Standatd applicable in the UK and Republic of Irdand (FRS 102) (effecuve l January 2019) - (Chatiues SORP (FRS 102)) 2nd the Comwdnies Aec 2006. The Chatiry constitutes a public benefit enury as defined by FRS 102. A5sers and knbiliti¢s ￿ initially Eecogntscd at htscoric21 cost or trdll5actiOO value unless othetW5e stated in the rdevant accounung policy notr. Fund accounting The Charity's unrestticted tunds consist of funds that the Chariry may use for its purposes at its discretion. Restricted tuods are Eunds ivhere a specific trusi is imposed by the donor or by the tern￿ of the appcat. Income InCo￿t is recogni¢ed ivhen the ChMity hae entitlemtni to the fimds. Jny perforrn2nce. COAdition• atttsched to the income have beea met. it is probable that the income vrill be received and rhe arnount can be measured ith"ably. For le￿cles, entidetnent is taken ￿ the e2th.tt of the date on wlll.ch either: the Chariry is aware that probate h25 been granted, the csrate h25 bc¢n fln￿lsed and ootificatioD has been lljade by the executor(s) to the Txust that a th'stLibution be made, or ivhen a disuiburion is reccived frorn the estate. Receipt OE # legacy, in ivhole or in part, is only considered probable when rhe amount Can bc me2sured reliably and the Chariry has been notified OE the executor's intention to make a disttibuuon. Investment income is recognised on a recelvable basis. Expenditure Expenditure is r¢cowsed on an accEua15 b2SAS 25 2 liability ts incurred. Irrecoverable VAT is charged to the Siatemeni OE Financial Activities as incurred. C051s of ￿ne￿(Ing funds are those costs incurted in attrac¢ll￿ volunrary income. aDd those incurred in trading acuvities that r2ise funds. Charirable acuvities Andude wts pay2bk to the colle￿ and Andude both the direct #nd support costs rd2ung to these activities. Goverrtance costs indude those incurred in the governance of the Clwiry and assets and are primatiLy associared with constitutional and statutory requirdnents. 12 The Bradfield Foundation Notes to the Financial Statements for the year ended 31 August 2025 (continued) Fin3ncial AQStrunients The chxtity has elecred to apply the proFiSiOnS of Section 118asic ￿tr￿n￿21 Instrutncnts, and Section 12'0thet Fin2nci21 Instrurnents Issue5, of FRS 102 to all of irs financial insttuments. Financi21 instruments xre recognised when the company becomes parry to the contrnCDJal provisions of the insrnJmenL Financtsl a55C15 and habih.tics are offseL wlth the nct amounrs P￿sented in the fiijancial ststements. then rhere is a legally enforceable Lighr ro set off the recO￿lSed amounrs and there is an inrenuon to secde on a net basis or to reakn.se the asset and setde the liabiiicy siti)uit2neously. Basic financial assets Basic financial assets, which indude other debtots. amounts owed by pjsent undertaking and cash and bank babnce", SLre initially meaJured at tr2n>action pricc indud1￿ rransaction costs and arc 5ub5equcndy c*riicd at amorused c05C Using the eEfeciive interest m¢th(Kl. Classification of financial ]iabiiiues Fu￿ne1￿1 liabth.ues and equity in$uUmen￿ #re dassified accord￿ to the substance OE the contracNaL arTawents entered inro. An equiry insrrurnent Is any contraci that evid￿CeS i r¢sidu21 int¢Eest in the assets of the ciuriry after deducung all of its ]iabilkties. Basic fmancial liabilities Basic financial liabiliue5. indudin8 trnde and other crediiors. Ire initially recogrnsed at transaction price. Debt instrumenis are subse9uendy caroed ai amoru5ed cosE using the effecuve incerest rate method. Derecogniuon or f￿ancIal iiabiliiies Financial iiibikn.ties derecogmsed when the Chariry's coottacttd obllgations expire or are diSCh￿ed ot eincelled. Going Concern At th¢ umc OF approving the financi215rat¢rncncs. the trusrtts h2ve a r¢a50C12ble expectatiOIL that the Chariry has adequate resources to continue in operauonaL exiscence For ai le25t the nexr Niclyc rnonths from the date OE siying these financial statements. 13 The Bradfield FoundatiOO Notes to the Financial Statements for the year ended 31 August 2025 (continued) 2 Net incoming ttsourees fot the yeat u1￿C$￿ICted Funds Restricted Fund$ 2025 Total 2024 Totgj Incorne Donarions I£￿eleS 7.099 150.IX)O 497.957 505,056 0,000 1,057.752 13,964 157.099 497,9)7 655,056 1,071,716 This is stated before charging.. 2025 2024 AudLI0￿, retnuneration.. Audit setvices Independeot examination fee 8,314 4.740 3 Anatysis of Expendift￿e Unrestricied Funds Restricted Funds 2025 Total 2024 Total Expendxtute on Ch￿itable activities Don2rions payable Supporr costs (note 4) Governance costs (note 4) 1S0,(MX) 2.839 8.7 161,539 413.667 563.667 2,848 8,700 575,215 617,178 1,695 8,314 627,187 413,676 SrafEind office costs rd2ting to generdting voluntary income and lciivities for geneyating funds were bome by rhe College. 14 The Bradfield Foundauon Notes to the Financi21 Statements for the year ended 31 August 2025 (continued) 4 Support costs and govetnance costs Support eosts Unrestricted Restricted 2025 nds funds Total Governance cost$ 2024 Total 2025 Total 2024 Total Bank charges Auditots, r¢munerntion Indcpendent Examination services Othet 2,839 1.695 8.314 4,740 3,960 8.700 2.839 1848 1.69i 8,314 (* All untestsicted) S Ttuslees, emoluments & staff cosis There were no fees. emoluments or L%penses tmd to the trustees durkng the year (2024.. £Nll). There ivere no statf ¢osts duting the curreni or previous ye￿. AII t￿L￿tee￿. ￿ve their tirne frfely and no ttusree Eernunerntion paid duting the period. Der2ilo oErd2ted party transactions are induded in note J4. 6 Taxation The Diiecrors believe that no chay to UK cotporation tax will ￿lse in respect of the period to 31 August 2025 (2024.. £nd) as all #Ctiviues of the company dwing t￿"S yeat were of a charitable nature. The company has charitable status and a general exemption Etom taxatiots Iw been granted undet S¢¢tion 505 of the Income and Corporation Taxes Act 1988. 15 The Bradfield Foundaiion Notes to the FinancAal Statements for the year ended 31 August 2025 (continued) Debiots 2025 2024 Amounts due from Bradfidd Coll Gift aid recov¢£2ble Accwed income 119.315 57,036 428,704 43,481 476,058 519,539 60i,Oii Creditors.. Amouat$ falling du¢ within one yeat 2025 2024 Amounts owed to Bradfidd College Accruals and deferred income 49,629 8.71)0 10.590 58J29 10,590 16 The Brgdfield Foundaiio Notes to the Financial Statements for the year ended 31 August 2025 (continued) Reeoncijiation of moveo)en¢s io ¢otal fimds 2025 2024 Ner income For the finan¢JA] year Opening totaL F￿lia5 79.841 644.860 444,529 200,331 Closing total funds 724,701 644,860 Classes of reserves Untestsicted General Funds Untestsicted Designated Funds Restricted Funds Total Funds at I September 2024 Donition5 2nd other income received Charitable expenditure Trnn5fer betw¢¢n fuod5 i2,787 li7,099 {11.539) {150.(KXI} 592,073 497,9)7 (413.676) 644,860 655,056 (575,215) {150.(KK)) 150,(K)O Funds at 31 August 2025 48J47 676,354 724,701 Gener21 Eunds are'fr¢e res¢rves' after alloTring for designated funds. From unrestricted funds. the Trustees have made the follo1￿ng designations: - an amouni of £1S0.0(K) toiwdrds the buildthg of a Health & Wellbelng Centre 10 Analysis of net assets between fund$ Unrestricted Unrestricied Gener21 Designated Funds Funds 2025 Total Restricted Fund5 2024 Total Cutrenr Assets Cuttenc liab￿tte5 106.676 (i8.329) 676J54 783,030 (58.329) 655.450 (10.590) Net Assets 48.347 676.354 724,701 644.860 17 The Bradfield Foundation Notes to the Financial Statements for the year ended 31 August 2025 (continued) 11 Resiricted funds The fimds of the Charity include restticted fimds comprislrtg unexpended b212nces of donauons hdd on ttust to be appkned for the specific purposes described by their name: At 31 August 2024 Pmje¢t Income Expenditure At31 August 2025 ArC￿ve$ Bursari Bradfield Club in Peckhgrn funds Clay Shooting Endowment Stattet Fund FootbglL Greek Theatte/Play Innovation Hub Library Music trips Pit Cricket Scoreboard Prize Funds Science Centtc Squash St Andrew's Church Support Eot pupll activities Tennis Centre He￿th & Wellbeing Centre lJ56 248273 2.059 {i.cKx)) (218 ?73} (5,008) {5,379) 356 30,000 2,651 15,IX)5 500,IXIO 750 1.000 20.384 5(K).(M)O 730 4iO 104.263 550 (104.263) (6.000) (2.395) 12,550 4.799 750 10,905 4,799 50 1.445 4,807 96,056 5,530 3,000 500 (4iO) 1.401 4.807 27.952 5.780 2230 116262 (48,159) (250) 750 22.5(M) (22.5LK)) 592,073 497,957 (413,676) 676,354 Restricted lund5 carried Eorward relate to specific projects. For reporting PLJtposes above a numbcr of the restricted funds h3ve b¢cn 2rrJaiwted. The Endowmenr Srarter Fund is a specific dofjation which. once fully received. will be used to set up an endowment EOI fi]fure bursaries. The Innovarioo Hub Fund- St Aodrews Sebool wxs set up duritsg the yeat for this new Eaciiiry. The Funds in library, were alloc3ttd to the di￿tt52tion of the Bradfidd Chronides with the %reement of the Donor. 18 The Btadfield Foundation Notes to the Financial Statements for the year ended 31 August 2025 (continued) 12 Unrestricted funds At31 August 2024 Ttansfets benveen funds Income Expenditure 31 August 2025 General Fund 52.787 157.099 (11,539) 150,0 161.539 (150,000) 150.000 48,347 Designated Fund Unresiricied funds 52.787 157.099 48.347 Genergj Eunds are'Eree reserves. after allolsryng for designiied Euods. Fiorn unr¢5trictcd fi￿d5. the TDJStees hare made the following designations: - an amount of £1 iO.(MJO towths thc building of x Health & Ivdlbcing Centre 13 Shate capital The liahiliries of rhe MernF￿r$ are lirnirpd hy guaranree ind n() shares are. 2llthnrise.d nr i.