BROMSGROVE SCHOOL FOUNDATION
The raising of funds to support bursaries and capital projects at Bromsgrove School.
Objects
TO PROMOTE AND ADVANCE ANY CHARITABLE PURPOSES CONNECTED WITH BROMSGROVE SCHOOL ("THE SCHOOL"); ANDTO PROMOTE OTHER EDUCATIONAL CHARITY PURPOSES (WHETHER OR NOT CONNECTED WITH BROMSGROVE SCHOOL) FOR THE BENEFIT OF THE LOCAL COMMUNITY.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £2,165,611, which the Trustees consider sufficient for current commitments, though they have a medium-term target of raising funds to around £3m. The charity reported a net movement in funds of a loss of £10,308 for the year, driven by an unrealised investment loss of £50,009, despite receiving £131,960 in donations and legacies. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees have a medium term target of raising unrestricted funds to around £3m in order that future awards for life changing bursaries can be made.” — page 7
Policies the charity declares
- Complaints handling
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
Structured financials (annual return, FY ending 31/08/2021)
Trustees
- Matthew Taylorchair
- HIS HONOUR JUDGE RICHARD JOHN SAMUEL FOSTER
- JANE LODGE
- John Denby
- MARK ESCOLME
- Michael Luckman
- PHILIP BOWEN
- STEWART RONALD TOWE
- Stephen John Bradley
- THOMAS MATTHEW HORTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £189k | £149k |
| 31/08/2024 | £244k | £100k |
| 31/08/2023 | £279k | £153k |
| 31/08/2022 | £188k | £129k |
| 31/08/2021 | £541k | £55k |
Common questions
Is BROMSGROVE SCHOOL FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £2,165,611, which the Trustees consider sufficient for current commitments, though they have a medium-term target of raising funds to around £3m. The charity reported a net movement in funds of a loss of £10,308 for the year, driven by an unrealised investment loss of £50,009, despite receiving £131,960 in donations and legacies. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FISHMONGERS' COMPANY'S CHARITABLE TRUST | 1 | £1.2m |
| BACON FOUNDATION LTD | 1 | £1.0m |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £25k |
| THE CARRINGTON CHARITABLE TRUST | 1 | £2k |
Charities like this
- BOURNEMOUTH SCHOOL FUND
- THE GRESHAM'S FOUNDATION
- BIRKENHEAD SCHOOL FOUNDATION TRUST
- CRESSEX COMMUNITY SCHOOL FUND
- BURFORD SCHOOL FUND (MARLOW BOTTOM)
- BOURN SCHOOL ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BROMSGROVE SCHOOL FOUNDATION | £189k | — | 0 | unclear | — | no doubt |
| BOURNEMOUTH SCHOOL FUND | £103k | — | 0 | unclear | — | no doubt |
| THE GRESHAM'S FOUNDATION | £525k | — | 0 | unclear | — | no doubt |
| BIRKENHEAD SCHOOL FOUNDATION TRUST | £367k | — | 0 | unclear | — | no doubt |
| CRESSEX COMMUNITY SCHOOL FUND | £349k | — | 0 | unclear | — | no doubt |
| BURFORD SCHOOL FUND (MARLOW BOTTOM) | £48k | — | 0 | unclear | — | no doubt |