Charity Regiytratitin No. 1016744 Company Reglstratlon 02775469 {England and Wales) LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 SOMERBYS LIMITED CHARTERED ACCOUNTANTS 30 NELSON STREET LEICESTER LE1 7BA LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED LEGALANDADMINISTRATNE INFORMATION Trustees rAA5h** (Appointed 24 O¢tober 2024} Mrs CA Bouchor Mfs B Chantrill - Chair Mrs N P Hurfey Dr R Moody Dr S Matthews Mrs S Tilley Chlof ExKutlv¢ A Trevedi Charity numb•r 1016744 Company number 02775469 Prlnclpal addr•ss 30 Frog l$l¥nd Off North Bridge Place Leicester LE3 SAG Registered offK• 30 Frog Island Off North Bridge Place L8icesl8r LE3 SAG Audltor Somerbys Llmlted 30 Nelson Street Leicester LE1 7BA Bankern HSBC Bank UK 9 LeieÈst8r Road Wgslon Lei¢e$ler$hire LE18 1NR LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED CONTENTS Page Twstees. ststemgnt of Trustees, responsibil￿95 14 Independent auditorf5 report 15-17 statement of finan¢ial 8¢ts'vth'es 18-19 Balance sheet 20 Statement of cash flows 21 Notes lo tr)e finandal $latemenl$ LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST2025 The Trusig&8, who are also the Dlrectcts of the company, present their rewt and fina￿1￿1 slaternents for the year ended 31 August 2025. The financial statements have been prepared in accordance the accounting policies sel out in note 1 to the fin8nci81 statements and comply wth the tharity's governlng document, the Companies Act 20CI8 and "Accounting 8nd Reporting by Charities." Ststement of Recommended Practice applicable lo charities prepariThJ Ih*'r *counts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ir8land IFRS 102}'. Objectlvm and a¢tlvftl The objectives of the charity ar8 to.. Providg services lo schools, colleges, buslne88es and individuals that onabb children. young people and 8dutts to develop skills, kn￿edge and attitudes which wrfl preparfj thgm for worknng life. Support the business eommunty. including charities, to facilitat8 their involvement in helplng children and young people leam more about their business or sector which in tum support8 their future recruitment. Develop new bu¥ines8 which fils with the objects of the charity- Attract sponsotship from the business community and Trust Fund grants. where possible. Provide a professional working environment and condrtions for staff to ensu￿ the charty attracts and retains high calibre staff to fulfil rts objactives. The main activtties duiing the year have been as follows: Organi$ing Work Exporfonce Pla¢•m8nts. Undertaklng Health and Safèty Asswsm•nts and Assurlng Heatth. Salety and W•lfar• ofAlternatlve Leamlng Provlslon for Young People Manogemenl and provision of the work experience placement servv Ivhich is health, safety and welfare vetted, for s¢hods and colleges who wsh lo offer work experience or work-related leaming opportunities their young petrple. Delivery and provision of a health, safety and welf8ra aLKlit sorvice for sect￿dary sd)ools and colleges wishing to commission offsite Allemalive Provision for their youn9 peop￿. STEM IScl•nce. Technology. En9lneerlng and Mathgm*tlcs) Brokerage and Targeted Support Management of the STEM brokerage senrice and delivèry of targeted actw across the Ea$1 Midlands, as a Sut*￿ntraCt0r lo STEM Leaming, the national STEM organisalion funded by UKRI (UK Research and Innovation), lo promote, inspiro and encourage STEM related careers by engaging STEM Ambassadors to support their local schools. colleges and communrties. Delivery of a range of targeted a¢lrvilies in schools and communty settings in the East Midlands, in partnership with regional organisth'ons, lo identify, develop and plot rThiel STEM engagement wogramrnes for roll out nat￿nallY by STEM L•aming. Caro•rs, Edue•tlon. Infomlatlon. Advlce and Guldance (CEIAG) Provision and delivery of cafeors infomiation, advic8 and guidance se￿4¢e$, on&tO•one and in group aclivilies, to help young people to develop awarene95, knO￿edge and skins lo infom and proaetively plan their careers polhways and further and higher education, including apprenticeships. Delvery of careers events ond eneounlers to broaden young paoplo's understanding of the world of wovk Many of Ihese events are supported by volunteers from local businesses who share their experienc￿ of work, careers and sectors. LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Our SponsoTr. Supportèrn and Buslness Partnern would like lo thank W81kers Snack Foods for their continued sponsorship support and over 3.000 regional businesses who provided staff lo volunteer al our careers and STEM events and all those who took young people on experien￿ placements. Our business partners, Sgnrficant support is vitsl and val￿d by LEBC. enabllng us to effectively deliver ¢￿11¢alty Important seThtces to help young peoFle to achieve their potential. Publk 8•ndlt Work The Trustees confirm that they have referred to Ihe wldance contained in the Charity Commi86ion's general guldance on publlc benefit when reviewng th6 Tru8t's aims and oty'ectives and in planning fijture activlties. The public tenefft headlines of our charity's work were.. Chlldren and Young People. We deliver career8 information, odvi¢8. guidance and events. and we facilitate access to STEM Ambassador pregrammes and work experience opportunities for young people. This helps them to understand the wortd of work and employment and to support their personal development and, ultimataly, their career deciston making lo enhance their prospects. Through the Heath. Safety and Weware audits whieh we undertake for young people struggling in mainstream Schoovcollege settings, they can T￿81¥8 more personak'$ed and fle￿ble leamiThJ better tailored to Ih&'r needs in small voealional settings. Leaders of Schools and colleg￿ Staff in sctb)ols 8NI colleges receive lnfomial￿ft and thce from the charity regarding Careers education and encounters wlh businesses. Some gxamples Include sourcing employers to support vocational subjects.. advising school staff on enterprisè 18aTning wlhin Curriculum subjects.. advising leaders on idéas to fvffil the Gatsby benchmarks leading to the provi3ion of higlFqual careers education programmes for young people. Lo¢al Employors. Employers have offered work experience pla¢ement¥. hosted young people on visits to Iheir workplaces, given talks in Schotsls and supported both careers delivery and curnculum project& This enables employers tts achieve positive corporate social responsibility action 88 well as promotsng eorly careers. Und*rgraduate Volunteers. Undergraduates have supported eurriculum projects in the field of S(aence. Technology. Eng"neering and Malhgmatics to gain leadership. confidence and communication skdl& LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2025 Stratsglc Report The description under thè headlngs 'Achievgmenl and Performance, and 'Financial Revi￿ meet Ihe ojmwy law reguirements for Trustees lo present a strategic report. Achlw•m¥nts •nd P•rforniance The Trustees wish to place on record our apweciat￿jn for the commitment and professionalism of the management learn and staff whose efforts arKI cornmilment have ensured that thousands of yOLmg people across thg region cO￿nUed to benefit from our hI9￿U$l1ty programmes. Wè acknowledgè and applaud the commitment and help of over 3.000 plus employers. from small lo naticfflal businesses. who selflessty volunteer their and their stsffs valuable time to support employees of the future - helping young people to navigate the complex wodd of work by &xploring eareer opli¢)ns, obseNng workplace behaviours, experiencing th8 world of work via valuable work experience ￿3t￿mentS and providing ￿￿rkIng opportuntties to infonn their individual career pathways. We also like lo thank our schools and colleges commissioned LEBC to provide careers related seNK8s. We are very gralefijl fLY your ongoirKJ support and very proud to have had th8 rxwilege of providing careers related opportunfties for young people. As a small charity. our culture and values have been trademark. We pride ourselves on the high standard of trainir4J and empowerment which we give lo staff to enable them lo grow professionalty and obtain further qualrfiots'ons. induding young people lo gain degree 8pprents"ceships. This positive approach has resulted in several staff progressing on to n8w promotional roles. Leadership changes resulted in the appointment of the Chief Executive, MS Anjuu Trevedi, MBE, who initially joined us a5 an Interim Chief Executive in August, followng lan Caldw811's Trsignation 8$ CEO. We W￿ld like to thank18n for his cc*nmitmenl during the year and we wsh him w811 with his new venture. The Tru8te88 remain committed to the 2024-2027 Busness Plan which sèts out very clear objectives and deliverables. The Business Plan implemenlalion is supported through Board 8nd Sub-committoes throughout tr year. Our operational headine8 over the year were.. Work Experlence ,244 worf( experience placements were completed by young people in Leic8ster, Leicestershire Northamplonshire1157,320 hours) We quality assured all of the work placements to ensure the health, safety and welbeing of young people. STEM Support We secured the STEM L8aming East m￿alandS Ambassador cortracl 832 STEM Ambassadors contributed 13.373 hours across schools and colleges 83.33% of FE Colleges, 76.18'h of Secondary Schools, and 27.60% of Primary Schools benefited from STEM Ambassador Support We delivered additional STEM Initlalives national or9antsali¢)ns (Department for Trans (Dffl, UK Crvil Aviation Authority ICA41, Institution of Engineering and Technology IIEfi, and Worshipful Company of Infom8tion Techndogists IWCIT)) Ambassad￿ helped to link classroom18aming to feakworld STEM careers and innovations. Carogrs Educatlon. Inf0m￿tIOn, Advl¢g and Guidance {CEIAGI 6,783 young p8ople rerEived on&tOHcne careers interviews LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Over 9.000 young people attended careers tslk$ 724 business volunte&rs gave 4,344 hours lo surwirt schodlcollege events and share Gareer insights, many supported mulb'ple evènts Our pilot Apprenticeship Advice and Guidance Seryice provided 22 Assemblies and Workshops and supported 110 young pgopk with 1-2-1 support. This Is a Summary ofthe impact of our $eNe68 and ￿al our customers said.. Work ExpOTl•n¢o and Assuring tho H•alth, Safety and W•ll B•lng of Young People Employers say that they appreciate arKI prefer lo work throuth our tharity to re¢eNè profession81 advlce and support when taking young people into thèir buslnesses on work experien¢e pla¢ements. especially conceming the heath, safety and wellbeing of young people. For all pla¢emgnts, ernployers are required lo assess their worf(place and potential risks to young people. Our dedicated Heafth, Safety and Welfare Assessor team play vitsl role in this process, working closely with employers to gather key infcffmation about the tasks lo be undertaken by the young pen8on and lo agree a comprehensive risk assèssment wllh clear control measures. This ensures Ihal èvèry pl8￿ment is undeipinned by a robust safeguarding framework and a fomial agreement betrNegn the employer, the young person and their pafenl or legal guardian. LEBC also conducted rigorous audits of offsite Alternative Provision centres, which supp¢)rt some of the most vulnerat4e young people, induding those unable to atterKI mainstream school due lo exdu$ion. bghavioural ¢hallenges or illness. By providing strong guidan￿ and support to these training providars, we h8lFed lo ensure that safeguarding and safety Slandards were mel. We We￿ in negotiations wrth Leicester Cty and Leicestershire County Councils lo wntinue this service on bèhalf of Leicestershire sch¢K*ls and colleges in 2025126 academrc year and have now secured the ￿ntraCt. Parents and carers benefit from o very dear stslemenl aboul vthat Ih8ir young person ￿14 be takiro part in whilst they are on work placement whith mainly happens during schoDllcollege temi lime. For many young people who do not have the family connections 10 80t up their own placements, our charity is able lo help them lo find and sel up work placements. Thè placements aim to meet the young person's first 2 choices on theii preference forms. The relalFon$hip$ thi¢h we have fomied with employers over 30 years is buitt on tnjst and a collegiate partnership which recognises trie 'benefrt for all, ethos which we believe makes for stronger soar￿econoMiC COMM￿lties. Ajlhough there have been challerbges post COVID, wlh hybrid working which has impacted on work placement supply, we are indebted to the cgnlinuing support of employers. particulaty to their in¢lusive spirit to supporting young people bmth spg¢ial educational needs and disabilities. The charty has made an investment in a new dalaba8e system through Al¢ium Software Limited. Thelr Evolutive database system went live in September 2025. As well as providing LEBC with the means to find, manage and c(￿Oidinale pla¢emenls. it aso incorpoiates a website portal for xhools lo direth access placement d*a and update student infomiation. On completion of the System, it is anticipated that thls more comprehen%ve solution 11 provide schooL8 with greater visits'lity and efficienGies in managing their cohorts of work gxpgrience young people. Comments From Young Peopb: 84% of young people feel their confidence has improved since their work experience placément 85% of young people feel their communication skills have improved 82% feel they are now able to organise and take responsibilty 860A of young peoF4e now feel that they Can maka a posilive contrlbulion to the wor*place 72% of Y￿ng peoFle feel they have developed new skills "It w8s a good 6xperf8nc8 that helpgd me to unde￿and what the wortd of woth is like in a s8fe envimnment wh¢ro I knew som￿ne would always be willing to listen rf 18ver encountgred any p￿b￿mts. It èlso helped to understand how the skills I leam in school are so important to be able to thrive in my fulurè G8f88r." "I mally an￿Y6d il and wish I had th6 opportunty to do more throughoul my time in sch￿1.. LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Comments From Employors". Oui of 125 employers who Comp￿ted the work eXperi¢￿e assessor survey we found that: 100% of employors found that the infomation they retsiv¢d about preparfng for a youro pgrnon on work experience was adequate l clear 97% of employers felt that the overall experience of th8 EmployerAsse88or visit was good lo excdlent. "LEBC woth placement CODftJfinator w8s great - she went Ihmugh averything and was very knowledgeable and realistic IJY her appmach. She was pmlessional, 8nsweABd any questions I had and Ihg b¢)oklet is very helpful. We have worted ￿th LEBC fOrmanyyes￿ but the refreshfjrchat wRh her was greatl Thankyou foryourh8nl Wo￿." .1 think a v￿lt in pgrson is assenlial as il gllows Ihe assessor to see the physic81 envI￿￿m￿nI the studenl will bo in and assess suitability. Welcome back anytim81" 'Face to face suited me besl because I was 4ble to produce th8 documgnts, i.e. insurnnce and first certifiGate4 immediately, theleby negating the need to èmail them 81 a l&terdale.° Comments From Sch¢x)IslColleggs: -1 love working with LEBC. Issues gre deatt wrfh so swrflly and l 8lw8ys fe61 (hal 18m able to ask questions. no matterhow small the issue is. Nothing is 8 problem and everyone is so helpful." -LEBC's wort placement coo￿l￿a10T was V8ry helpful and good 8t communicabng which ￿ very much 8ppreciated "Sh& was very helplul, I look lorwarrl lo wothing with heragain next Jea￿. °7he wot* expeiyence coortJln8lor was always on hand to 8UPPOrt our needs". "She has been pmfessional and helpful thmughout Ihe pmcess- andahvays happy to take myphone callsl- Sclenc•. T•chnologyy Engineering. Mathomatl¢$ (STEM) Support Progrnmmgs This year we delivered a wde range of STEM programmes in schools and college5 across the East Midand¥ working in partnership with national and regional organisalions. The ?ngagernenl of STEM professionaLq in ￿001$ and colleges enables young people lo hear firsthand from people working in the sector who share they career joumeys, stories and passion for STEM, as well as ￿lating ￿at they do to the STEM curriculum in uder to provide moanirytul engagement and context. STEM L•amlng Ambassador Programm• In September 2024 the STEM Ambassador Prcgramme contract for the East MSdlands was extended by STEM Leaming for a further 2 yèars. We are gratgftjl to STEM Leaming for their ¢onlinued confidence and commilmenl in LEBC'S work and broader delivery of STEM 5UPPOrt to schtr)Is and engagement with our ambassadors and businesses. STEM Leaming Is proactive in supporting grèater Ir￿UsIon 8mL￿9$1 STEM Ambassadors ar4Y this year.. 41% ofthe STEM Ambassadors recrutted wgre female • ovw $6% lan increase from 52% from 202W241 are underthe 89e of 35 over 20% lan increase from 18% from 20231241 represent ethnic minorilies. In adcNtion to SUpp¢ytir￿ the recruitment of ambassadors and coordinating their engagement ¥￿th sthool$ and colleges. we also delivered a bespoke Targ8t•d Intervention, for STEM Leaming. The STEM tsrgeted intervention pilot projects are deslgned to bring STEM activities into $pgualist education settings, introduclw STEM subjects and career opportunitses to young people %wth special edu¢ational needs, while also idenlfying types of activi118s most effeth.ve for capturing young people's inter881 and eng￿ement LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 3 schools took part in the pikjt projeds, trialling 4 different activities focused on careers in aviats'on, enwronmentsl suslainabilty, computer game de$ign and food science. Ambassadots wrth expertise in these sectors supported the se$sitsn$ by sharing their ¢areerjoumeys and insights. A total of 104 young people from Kèy Stages 4 and 5 partlcipated, 18% of whom were fgmale. The inler¥ontion was a resounding Su￿53. benefiting young people, teachers and Ambassadors alike. Importanlly. also helped to challenge and overcome IlmS1ing perceptions about the Gareer and work aspirations of young people with sp¢eial educational needs. Other STEM Programme# LEBC also secured and successfvlty delivered sev8ral Other STEM programmès from other fundlng Olg￿lS￿.0nS during the year, including from the Department for Transport IDffl. the Civil Aviation Authority {CAA), the InstrtUl￿n of Engineèring & Technology IIET), and the Worshipful Corrpany of Irrformalion Technolo9lsts IWCIT). HSghlights from this year's PTogTamme¥ indude.. The Young Codern Competitlon IYCCI, establishèd in 2015, inspires young p¥oplo to oxptore Coding and technology. Now led by the Worshipful Company of Information Technologies IWCIT), Nimbl Iwepaid bar* cards provider) and LEBC with volunteer5 from universities and indu8ty. This indusive project is freè for parts'Gip8nls and provide$ all the teathlng resources for young peoplo. This year 546 teams, made up of 981 young people from 142 Schools look parL 46% of teams had al least 1 female member and 42 teams were located outside of the UK. A truly international and inclusive ¢(￿petitiOn. The Faraday Challenge. funded by the Inslitutution of Engin88ring & Technology IIET), was delivered by LEBC with STEM Ambassadors in schools in Leicester, Lei￿Stershire, Lincolnshire and Northamptonshire. Tttis annual competition delivers STEM activity days to introduce and inspire young people for a career in engineerin9 through developing practical skills, le8m•working. problem sofving and creative thinking. This year 24 sd)0018 hosted an event with 736 young people taking part. Supported by 69 Ambassadors. AeroDl$c¢¥er was g$tablishgd in 2023 by the Deparlment for Tr¥ssport IDff) and th¥ Civrf Aviation Auth￿lty ICAAI with the aim of promoting careers In the Aer08pace sector with the funding for this projed running through lo the Spring 2025. During the year LEBC delivered 6 workshops to 186 Yoar 8 and Yèar 9 people from S Llftcolnshlrè Schools exploring the rock81 propulsion theory and Newtons Laws 19 young peoplo from 4 Llncoln$him 6th Forni ¢o11oyes explored the us8 and types of fu81 used in rorJ(el propulsion and comparisons with other energy systems using unwersty level mathematics and physics. The Slr Isaac Newton Loc￿re is an annual event ￿ld in Lincolnshlre by the Il￿t￿LrtI0n of Engineering & Technology IIET), The Royal AeronaLrtiGal Society and the Institution of Mechanical Engineers. The event is aimed at K8y Stage 4 and 5 young p•ople and provides insights into a Nmde range of STEM.related topics to broaden their awareness of careers in STEM and inspire them lo pursuo ￿reer$ in these r￿Ids. LEBC delNered the event in Sept 2024 which attracted 238 y¢>ung people from 13 schools. STEM In tho Communlty is an in￿'S11ve developed by LEBC to tak8 STEM into the community throLgh the delivery of STEM sessions in lo¢al community libraries across Leicester. Leicestershire. Noth"nghamthire 8nd Northarnptonshire. Activities are targeted al ¢hildren of +7 years bLrt also attr8ds younger siblings of participating children as families look for engaging aclivrtles during the holldays for the whole family. This year LE8C (Jelivefed 17 s&$sions with 255 children taknng part. Comm•nts From School$ and Fundern: "Thank you lor coming. wo Ihought the WI￿ event was great. We would love lo host you again ngxl yearl" Faraday Challeng• 'Just yeSte￿aY I had a student coming lo ask for MO￿ details about 141S as they rn811y connected with the content covered and now considering a carfjerin in1&￿tellarStUdieS1.A0r0Dlsrover LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 -Hern Is our enlry fftxn fiptrne Heath Pfim8ry School coding club. We am v8ry proud of what the sfudents have achiev&d and keen forany feedback. Thank you ftirninning this Gompetition each y8ar. Th8 love il.. Youn9 Code Comments From STEM Ambassadors: .1 really enjoyed this again this yoarand so please put ffle on Ihe list to judge again next year. "It was 8 delight to meet and engage with Ih& sludenls along Mth 8cademic st8ff. We discuss8d my Msc and itg8ve n)e the opportunity to highlight careprpalhways and sclence itself.. °Wh8t I wlil say is Ihat the effort that some of the children made was wmmpndabl8 8nd theirp8ssknI realty shone thmugh. It was very nico to S08. 1 ￿11 keep my eye out forn8xtyeaffs evpnl." Caro•rs Edu¢atl¢)n, Information, Advice and Guldance {CEIAG The goal of LEBC'S GEIAG programme is to empower young p8opl6 to make successful transitvjns and thrive in the evolving Job market by promdlng a comprehensive approach to preparing them fcf futwe le￿ing and career pathways. The pwramme provldes Imp8rtlal support to hel) young petsp￿ lo gain knowledge, skills and confidence needed to m?ke informed deasions aboul their futur8, utilising LEBC service$ and resources. These include personal guidance from LEBC'S Careers Advisors, a￿esS to appientieeship assemblies and workshops. careers events sud) as Mock Interviews and ￿at'S My Job. The programme also prowdes s¢hool$ and colleges th access to LEBC'S very large group of partner businesses and their staff who volunteer to 5UPPOrt our careers r*ogramme. They provide d8ep8r, and much valued, insights into the world of work. labour market information and specific ¢areers. LEBC and our partner schools are indebted to the businesses and their staff for their time and contribthions to enrich the programme8 for the 1,OOOs of young people laking part. Key highlights from this year's CEIAG Programme in¢luded.' LEBC'S Careers Advisors are embedded in schools lo support School careers programmes and to primarity pmvide 1-2-1 advice and guidance lo individual young people. This includes 1-2-1 sessions, advice on writing a CV, preparing for an inlemew and writing a UCAS application. Our advisors work closety with the schodlcollege Careers Lgader$ lo shape the careers programme providing SiVPOrt foi wider initi*ives depending on the need8 of given school. Th58 often indudes ccwrdinaling iTrschc￿l event8. trip8 and visits and Re5uFts Days. We were also able to secure funding fr¢yn the hxal Careers and EnteTpfis8 Company ICECI to support awareness raising of apprentsceship opportunits'es. Studont FMdback Ratlngs When young people were aske(I how happy they were wilh Ihe ¢areers guidance they had received, they rated the session an average of 9.3110. Their Gommenls indud•d'. I know wthat options are available lo me after Year 11113- $cor8 after advlc• 8.9 (before 8.4) l am aware of careersljobs that interest me- r￿01* aft•r advlc• 8.7 (before 6.7) l am Poppy with the career guldanc• that I have received today- Score after advke 9.3 {before 6.4) l am more aware of the action I negd to take lo athieve my goals- $cor• •ft•r advice &8 (bèfore 6.4). LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Comm•nts From Young P?ople: °The Ca￿erS me6fing today helped me undètstand what I could go into. bul also how to research different routes Ihal I couldgo into." "Showing me that I have morg Options lo ConS￿r and keep an open mind and 8lso to start planning sooner Trlhei than 18ler.- Comments From SchoolslCollgg9$ 'LEBC has played a C￿¢1?1 role in supporthig our students with car6er guidance. ThKtugh wothshops. practical MSOU￿e$ and imp8rtial l."1 gu￿anGe Sess￿n8, they have helped students explore ¢8reer paths, undeTrtand in(lustry exp8ctations, and make infonned decIs￿S about the1rproless￿n￿l futuTrs. Thesè indlvidualised sessions cnicial in &mpowering sludenls to set TraliSt￿ ￿81S And t8k8 8Ctionable steps toward achlovlngfhem.. E Klng. New College Leicestgrmarch 2025 School Caroors Events Inviting employers lo take part in careers related talks in schwls and wlleges truly biings careers ¢￿￿￿1￿)n alive and generates much fijn 8nd discussion. Volunteers from the business Community helped young people lo explore car8er options, dèvelop employabilty skills, and bètter understand the world of WO￿ to equip them for fvture education and employment pathways. During the year, 63 secondary schools benefited from Careers Talks. Employabilty Days, Mock Interviews, World of ￿rk visits and Speed Networking. whilst 6 primary schools took part In Global Leicester. Whal's My Job and Forensics Workshop5. Our $LYvey responses. th8 majority of Students rated t1￿ events very positively.. 28% of students g•v• the hlghest ratlng of 10, while 21% ratsd il 9 and 21% rated ￿ 8, Indi￿tIng stron9 overall salisfadion. Ski118 developed ¢fvring the event From the 2,873 stud6nt responses collected during the events, stL￿onts reported improvements in a range of skills.. 60•A said their listening skills improved 39% reported enhanced speaking skills 28% indicated better teamwork 23% said they were more rnolivated to aim higher and felt more positNe 20°h noted an incteas8 in creativity 18°A reported improved problem-solwng skills 16% felt Iheir leadership abilities had developed. Comments From Young Peopl8: 'Il was 8 good actmty to do before year 10 so we can Ihlnk 8tJout whal we want to do in thg ftjlum." "At rirsl I was neNous bth, in the end, I felt conf￿nt to SP8ak up." "I realty enjoyed working wth the team and making our woduct.. "I really enpyed the pnxess I was ablo lo express myself, Ihe volunteermade me feel comfortable and I have Igaml what I couldimprove on." Comments From Employern: °Whal a lovely gmup of y98r Il's. They We￿ all fanlaslic aml realty Ptrt themselves out the￿ 10 8nswer the queSt￿n$. Some weft Unde￿tandablY neNous, butfhey still managed to answerquestions." LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED FOR THE YEAR ENDED 31 AUGUST2025 Fln•Klal Revlew We end the year with a deficit of - £90k. There has been significant investment in the new dal*)ase lo manage work experience, including additional staff e08ts lo support th8 data transfer and implementation. Like all businesses, we are under pressure with inflat(onary costs whilst trying to maintain services which ￿ aflordable and relevant lo our charity's objectives. Tfuslees and the new Chief Executive will review actiTr4ities over the next 12 months to St￿re a sustsinable lon*term future for the Charity. Prudent financlal management. Combined with dear strategi¢ direction. 0$ central to buildlng resilience and ensuring re80urce8 are directed whwe they ￿11 have the greatest impaGt. We remain dedicated to providing excellent value and service to our customers, benefi¢iarie$ and stakeholders while ¢ontinually seeking innovative ways to meo1 their ev0￿1ng needs In line wlth the charty's objeclwes. Looking forward, the Bo•id and Chlef Executive have taken ¢Jeci3ive steps to slren9then the organisation's structure. These changes will not only enhance the delvery of curr8nt servicès bul also support the development of new initiatives thal refl8d the changing needs of young people and educators. They will also holp position LEBC more str(ryly vilh fvnd8rs, donoT3 and supporters, securing sustainability and growing our impact. Inv•8tsn•nt Powgvs and Pollcy Under the Mgmorandum and At*cles of Ass¢xFalion, the charity has the authority to invest a5 the Trustees consider appropriate. In 2023 the Trustees made tho Strategic decision to transfer MO￿ fvnds into bank deposits to pxovide greater certainly of ￿t￿m. This approach has proved successful, ddivering reliable income whilst reduciry investment nsk. Rwrv•$ Poll¢y The Trustees have set a policy to malntaln speclfic r88erves (funds freely avallable for use} at a level sufficient to cover al least one academiG year'$ expenditure. This provides financial Stability and assur0￿, parliculafy durin9 periods of U￿rtainty. Maintsining this level of reserves enables the charity to sustain its Staffing capactty and continue delivering $eNices to young people. vthilst also allowng time to develop new opportunities in lin8 our chartsbla objecltves. In addibon. ￿SelveS are helj to ensure the tharity can meet any potential re(knndancy obligations should they arise. As of 31 August 2025 the charlty's reserves lot•lled £1.636.442 {2024- £1,726,433). Rlsk Managgmont The Tnjstees undertake annual reviows of the Principal risks that ¢￿Id affect the charty's operatKn8. repirtalion, or finan￿al sustainability which includes the e$la￿lshment and monitoiing of policies. systems and procedure5 designed to mitig81e tt)&8e risks. Finar￿131 and operational risks are reviewed regularfy. The Chief ExecutNe ￿ndUCts a quarterfy asses$menl of budgetary risk with senior rnanagers, measuring progress against the approved business plan. Outcomès are fomially rewrted lo Trustees each quarter, ensuring risk management is embedded within governance decis1L￿-making. The charty also operate$ robust wocedures to ensure com￿lanCe wth stslLrtory and regulatory reqLwrements ¥1 safeguarding. health and safety and staff welfare. These controls extend to staff. young peoF4e pafocipabng in Y•￿Ik experience or events and extemal wJlunleers enga￿d In Suppo￿n9 the Gharity's activrties. LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMrrED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Future Plans Although tho wder ecorbomic dimate continues lo place pressure on both schools and employers. it also provldes opportunities to inno¥8le in the way careers education and work-relbted leaming are delivere(l. Wa are committed to vmrkirvJ with schools, college$ and employers to ensur8 young people continue to benefit from highquality experignces of work. Gareer3 guidance and STEM opportuniti8s. The grovrth of Muhi Academy Trusts and the expectstion that c8reer5 education should be embedded across the curriculum presents significant Op￿rtunitIeS LEBC to extend its reach and influen¢e. l)ur investment in new technologies and the strength ol our part￿rshipS wll enable u$ lo ¢Jeliver programmes more effoctivety and enga with a greater number of young people. Looking ahead the Trustees are confident Ihat LEBC'S scale, expertise, and strong employer and educator relationships provide a solld foundation lo inspire and prepare the next generation. This ambrtion can only realised through the continued partnership of our funders, donors and supportars, ￿05e commitment 8ustsin$ our work and helps unl¢xk life-changing opportunities for young people. 10- LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Structure, Gov•rn•nce and Managament Govèrnlng Document Lei¢e$tsrshire Education Busin&ss Company ILEBC} is a company limited by guarantee govemed by its Memorandum and Articles of Association whith were reviewed by Trustees and adopted ot an ExtraordIn￿Y General Meeting held on 11th May 2023. 11 is a registered tharity with thè Charity Commission. There ?re currently 7 Trustee8. each of agree to contribLrte £10 in the event of the charity winding up. Board StN¢ture The Board meets four lunes per year to review progress. policiès and plans in addition lo our SU￿0MMittee5. The Chief Executive has delegated authority, within lenn$ •pproved by the Tru$l8es, for operational matters Including ffinance employment. Lead•r8hlp In August 2025, the Trustee5 appointed Anjuu Trevedi, MBE as Interim Chief Executive. who has since been appointed as th& $ubstanlNe Chief Executive. Throughout the year the management team and staff have delivered 8 very high level of seNice vthich is highlighted in our operational re$ulls and in the feedback re￿Ived frorn oui beneficiaries and partners. LEBC will continue to develop ils management structura to reflect the continu8d delivery of core servlces. Strategk fo¢us and emerging requirèments vthhin the work expeiience, careers and STEM environments. The Trustee8, who are olso DirectOTS for the purpos& of Company law. and who seNed during the year up to the date of signature of the financial statements were-. Mrs B Chanlrill, MBE Dr S Matthew8 MrAAshar Mrs C Boucher Mr P De8n Mrs N Hwley Dr R Moody Mrs S Tilley (Chalrl (Deputy Chairl (Appointed 24th Octobor 20241 {Re$igned 8th May 20251 Mrs B Chantrim, M8E Dr S Matthews Mr P Dean Dr R Moody (Reslgned 8th May 20251 -com Mrs B Chantrill. MBE Mrs C Bcucher (Chair) Mrs B Chantrill MBE Dr S Matthews Mr P Dean Dr R Moody (Resigned 8th May 2025} Mis B Chantrill. MBE Dr S Matthews Mi P Dean Dr R Moody IResign8d 8th May, 20251 11 LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Mrs B Chanlrill, MBE Mrs N Hurloy T hnolo Mr AAshar MT P Dean mmi (Resigned 8th May, 20251 Appolntrnent of Trustses The Board aims to have 12 Trustees repfe$enting the intere8ts of both business and edu￿tion. As 80t OLrt in theArticles of As8oelalion. one thir(l of the Trus188s retire each year by rotation 01 the Annual General Meèting. New Truste85, who will add value due to their skillsel and knovAe TO THE MEMBERS OF LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED Our understanding of the legal and rogulalory frameV￿rk *P￿ltable lo Lelcestershire EduGalion Busfie￿ Company Limited and how the charitsble company has ¢omplièd ￿th its obligations has b88n obtained by en¢¥tiry of management and those charged with gov8manc6. A5 part of our enquiries we have discussed policies 8nd procedures on complianc• ￿￿th laws and regulations and whether any instances of non compliance have occurred. Our understanding of the charitsble company's policies and PrO￿dUreS on fraud risk has b8en obtain8d through enquiry with management as to the eonlrol activbties. operational systems in place and wtholhor there is knovAedge of any actual. suspected or alleged fraud. We consider that the audit team coll8ctively had the appropriate competence and capabilities to Klgntify or recognise non-compliance ￿th laws and regulation$. During our audit work Ihero were no synifKant instances of nonwcomplianee identified. In response to the audit risks idenlrfied in respect of irregularity and fraud, we have undertaken the fonowng procedLKes'. Enqury of management, and those charged wilh govemance around actual and potential litsgabon and claims. Enquiry of management lo idgnlify any instances of non-compllance wilh laws and regulations. Enquiry of management lo identify any subsequent events that have occurred after the year end relating to this financial year. Rewewng legal expenses during and after tha year end for evidence of non-compliance wlh laws and regulations. Rewewng finanoal statement rsisclosures and testing to supporting documentation lo assess compliance with applicable laws and regulations. Avdib'ng the risk of management override of controls, induding through testing joumal entries and other adjustments for appropriatenèss. and evaluating the business rationale of $ignifi&?nl transactions outsid8 the nomial course of business. A furthèr descriptson of our responsibilities is available on the Financial Reporting Couneil's Y￿b￿le at.. https'.11 vMv.frc.org.uklaudf(orsrespon$ibilrties. Thi5 description fcKm8 part of our auditorfs rep¢)rt. Use of our report This report is made solety lo the charitable company's members, as a body, in aCc￿danCe with Chapter 3 of Part 16 of the CompaniesAct 2006, Our audit work has been undertaken 50 that we might stsle lo the tharilatle company'8 m8mberi. we are required to stale lo them in an auditor's report and for no other purpose. To the l extent pemiitted by we do not accept or assume responsibilty lo anyone other than the charitable company and the charitable c pany's members as a booy. for our audit work, for this report. or for the opinions we have fomied. Marcus Dockè CA FCCA (Sgnlor Stslutory Audltorl For and on behaw of Somerbys Limited. StslutoryAuditor Chartered Accountants 30 Nelson Stre81 Leicester LE17BA Zg Zoz 17- LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Current rinanei*l year Unrestrl¢ted Restrietod fvDd¥ fund5 2026 2026 Totsl Totsl 2026 2024 Notes Grants and donations Charitable actNiiies Other trading activities Investments 5,000 789,787 500 58,593 35.015 957.188 1,000 57,3C6 235,682 1,025,469 500 58,593 Totsl ineom• 853,880 235.682 1,089,562 1.050,507 Total rexTrur¢e$ expènded 941,648 235,682 1,177,330 1,059,332 Nel gainslllosses} on investments 13 12,2231 12,2231 35.067 Not movoment In funds 189,9911 {89,9911 26.242 Fund balances at 1 September 2024 1.726,433 1,726,433 1,700,191 Fund bal*nces at 31 August 2025 1,636.442 1,636.442 1,726,433 The statement of flnawal activities I￿ude$ all gains arKI losses recognised in the year. AM income aml expenditure derive from ccffjlinuing ath'vrties. The statement of finanaal adivilies also complies with the requirements for an inc¢me and Èxpenditure account under the ConyaniesA¢t 2006. 18- LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED) INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 AUGUST2025 Prlor finan¢lal y•ar Unrestrlcled Restrfcled funds funds 2024 2024 Total 2024 Not•$ Grants and donallons Charitable adivth'&$ Other tradirvj actwitie5 IDvestmerrts 35,015 725.518 1.000 57,306 35.015 957,186 1,000 57.306 231,868 Total Inc(xng 818,839 231,868 1,050.507 Total resources expended 817.933 241,399 1,059,332 Nel gainslllossesl on investments 13 35.067 35.D67 Gross transfers be￿een fvnds Net movem•nt In fund$ 19.7311 26,242 9,731 26,242 Fund balances at 1 September 2023 1.700,191 1,700,191 Fund balances at 31 August 2024 1,726,433 1,726,433 The staternent of financial aclivities includos all gains and losse5 recognised in the year. l income and expenditure derlve from continuing activities. Thg statement of financial aL￿vitieS also complies wrfh tho requirements for an income and gxpenditurn acwunt under the Companies Act 2006. 19- LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED BALANCE SHEET ASAT31AUGUST2025 2025 2024 FIX￿ assets Tangiblfr assets Investments 14 16 7,634 329.160 9,698 331.383 336.794 341,081 Current assets Debtors Cash al bank and in hand 16 90,648 1.311,S29 183,292 1.368.701 1,402,177 1,551.993 CredStoTs'. amounts falling du• withln one y•ar 17 (102.5291 166,641) Net current assets 1.299,848 1.385,352 Total assets less ￿rr*nt Ilabllltles 1,636.442 1.726.433 Income funds Designated lund5 General unre81ricted funds 162,051 1,474,391 188,281 1.538,152 1,638,442 1,726,433 1,636,442 1,726,433 The finarKial statements were approved by the Truslees on 22 January 2026 8 Chantrlll Chèlr Company Roglstratlon No. 02775469 -20- LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Notes Cash flo￿ from operatlng activities Cash absorbed by operations 27 (112.7801 {182.930) IDv•stlng act￿ltIeS Purchase of tangiblo fixed asset$ Purchase of investments Proceed¥ from disposal of investments Investment income rewved (2.9851 {2.8651 (5,3481 593,261 57,308 58.593 Net cash generatsd from Investing actlvltl•s 55,608 642.354 Net c*$h gen•rated from flninelng actlvltleg Net Idecr•asoyln¢r•as• In cash and cash equivalgnts {57,172} 479.424 Cash and cash equivalents at beginning of year 1,368,701 889,277 Cash and cash oquiv•l•nts al end of y••r 1,311,529 1,368,701 -21- LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng poll¢lg¥ Charlty Inlormatlon Lei¢estwshiT? Edu￿b.On Busines5 Company Limited is a private Company limited by guarantee Incorporated in England and Wales. The registered office Is 30 Frog Island, Off North Bridge Place, Leice8ter, LE3 SAG. 1.1 A¢¢ountlng conventlon The financial statements have been prepared in accordance Y￿th the charity's governing document, Companies Act 2006 ond °Aecounting 8nd Reporting by Char￿es.. Statement of Recommended Practicfj aprjicable to charities preparing their accounts in a￿OrdanCe wth the Fin8nual Reporting Stsndard apKlicaNe in the UK and Republic of Ireland IFRS 1021" las amended for attounting periods commencing from 1 January 20161. The c￿tY Is a Public Benefrt Entity as defined by FRS 102. The ffinanci8181alemenls af8 prepared In sledlng, whlch is the ￿￿tIonal Gurrency of the charity. Monalary amounts in these financial ststsments are rounded lo the nearest L The financial slalements have been prepared under the historical cost conventic￿, modrfied to indude the revaluation of investments al fair value. The prtncipal a¢xounting polKies adopted are Set out below. 1.2 Golng ¢on¢orn At the lime of approving ttie financial stalernents, the Tru8lee8 have a reasonable expectation that the charty has adequate resources to continue in operational e￿StenCe for the forgseeable fijlure. Thus the Trustees continue lo adopt the going concem basis of accountong in weparing the fin￿¢141 ststements. 1.3 Charllabh fvnds Unrestricted fvrbds are aV￿lable for use at the discretion of the Trustees In furtherance of their charitable c&J'ectives. Designated bJnds are funds set asido by the Trustees trjt of the Lnrestrithd general funds for specific fuiure purposes or projècts. Restricted funds con only be used for p8rticular purposes within the objects of the Charity. Restrictions arise when speciffied by the donor or when funds 8re raised for particular purpos¢$. Further explanations of the nature and purpose of each fvnd is induded in the notes to the 8￿QuI￿. 1.4 Incoming r￿￿￿r￿S In￿me 15 recognl8ed %then the charity 1$ legally entitled to rt after any perf0mlar￿8 ￿￿dItionS have been mel. the amounts Can be measured ￿lIablY. and it is probable that in¢ome will b8 received. Cash donations are r8cognised on receipt. Other donations ore recognised once the charity has been notified of the donation, unless performance condrtions rgquire deferral of the amount. Income recoverable in relation to donations received under GiftAi(l or deeds of mienant 15 recogni5ed al the time of the donalion. Grant$ and voluntwy ineome are recognised as incomlng resources when reGeNable. Deferred income rePr￿n1$ amounts received for future periods and is released to incoming resources ￿ the period for which it has been recéived. Investment income 1$ recognised when receiv8ble. LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accountlng policie$ (Contlnuedl 1.6 fl￿our¢￿ expended Expenditure Is recognised once Ihere is a legal or constructive obligation lo transfer economic benefit lo a third party. tt is probable that a transfer of economic benefits wll be required In setllement, and the amount of the obligation can be mea$ure(I reliabFy. Expendtture is dassified by acti￿ty. The costs of each activty are mad6 up of the total of dIr￿t Costs and Shared costs, induding support costs Wiv0￿ed in undertaking each activity. Direct costs attribulatle to a single actsvity are allocated direcuy to that activty. Shared costs which contribute to more than orE o¢tivity and support costs which are not attributable 10 8 single activity are apportitrned betsveen thos8 aclivilies on a basi$ consislenl with the use of resources. Centr81 slaff costs are allocated on the basis of lime spent, and depreciation charges are allocated on the po￿on of the asset's use. All resou￿e$ expended are accounted for on on accruals basis and include irrecoverabl¢ VAT. Certain ￿$ts are direcity attriljjlable to core aclivities. Cert81n stsff costs and office Costs are ¥)porttoned on the basis of an estimate of the proportlon of incomo received from the activity. 1.6 T•nglblo fixed assets Tangible fixed assets initially me8sured 81 cost and subsgqugnlly measured al cost or valualion, net ol depreciathon and any impairmgnt losses. Depreciation is focognised so as to WTile off the cost or valuation of a8sets less IF￿1r residual values overtheir usefijl Ives on the following bases.. Fixture5. ffttillgs & equlpmenl Computers 20% per annum of cost 33.33% per annum of cost Thè gain or loss wising on th6 disposal of an 0$$o1 is determined as the differenco bgtsveen the ￿le proceeds and the carying value of the asset, and is recognised in the stslement of financial activrtles. 1.7 Fixed ass•t Inveslments Fixed asset irbve8tments are initialty measured al transaction pri￿ exduding Iransacbon costs. and are subsequently measured at fair value at each reporting date. Ghan9es in falr value are recognised in nel incomel(expendilure) lor the year. Transaction costs are expons8d as inoJrred. 1.8 Cash and cash oqulval•nts Cash and tssh equwalents include cash in hand, deposits held at call wth banks, other Short-tem) liquid irNestments with Lwginal maturili8s of throe months or less, and bank overdrafts. Bank overdrafts are shown within borTowngs in currenl liabilities. 1.9 Flnanclal instruments The tharily has elected lo appty the provisions of Section 11 'B8sic Fin8n¢lal Instruments, and Section 12 'Olher Fiiancial Instrumerbts Issues, of FRS 102 to all of ils fin8ncial instruments. Financial instruments arè recognise(S In the charity's balance sheet when the charity becomes party to the contractual provisions of Ihe instrument. Finan¢tal assets and liabilthes are offset, wth the net amounts presented in thè financial statements, when there is a legally enforceable right lo set off the recognisod amounts and there is an intention to settle on a net bosi$ or lo realise the asset and $etde the liabilty simuttanaously. -23- LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Aecounting pollcles IContlnu•d} BJ$i¢ financial •$s•ts Basic finanaal assets. vthich include debtors and cash and bank balance¥. are initially meaSU￿d lr8nsath.on price induding transaction eosls and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the Present value of the future receipts discounted al a market rat8 of interesL Financial assets classffjeil as receivable wlhin gne year are not amortised. 8asic financial li•bilitie$ Basic finawal liabilities, ind￿d￿9 creditors and bank loans are initially recognised at transaction price unless tho arrangement con$tilLrtes a )Inancing transaction, where the debt instrument is measured * the present value of the future payments diseounted al a market rale of interest. Financial liabilities dassffjed as payablo within one year are not amortlS8d. Debt instwments arg subsequendy carried al amortised cost, U￿ng the effective intere81 rale method. Trade creditors are obltgations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable arg classrfi8d as current liabilrties rf payment is due within one year or less. If not, they are presented as non-¢urrent liabilities. Tfade creditors are recognised inilialty at transaction pric8 and SLtbsewenlty measured al amortised c05t using the effective interest method. Demognlllon olfinancl81 Il•blll¢les Finanaal liab￿ltieS are derecognised when the tharty's contra￿Ual obligalions expire or are dlseharged or ¢8ncelled. 1.10 Employoe b8noflts The cost of any unused holiday entrtlement 1$ recognised in the period in which th8 emF4¢)yee's servlces are receNed. Terminab"on benefits are recognised when the entty 1$ demonstrably committed to a temSnation and 18 measured al Ihg best estimate of the expenditure required to settle the obligation at the end of the reFK)rting period. 1.11 P8n$ion Contributions to the pension scheme ar8 charged lo the Statement of Financial Activities as incurred. Crltlcal a¢￿￿ntIng e8tlmat88 and Judgements In the applI￿110n of the ch81ity's a¢￿unting poli¢ies. the Trustees are raquir8d to make judgem￿1$. eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sowces. The estimates an(1 associated assumptions are based on historical experience and other factors that are considered to be rolevont. Actual resums may differ from these estimat￿. The eslimales and undedying assumptions are reviewed on an ongoing basis. Revlsions to accounting estimates are re¢ognised in the period in which the estimate is revised Whe￿ the revision affects ￿lY that period. or in the peri¢)d of the revision and future periods where the revision affect8 both current aThJ future periods. crftieal Judgem￿￿ There ar8 no crib'cal judgements (apart from those invtslving esllmalesl in apptying the company's accounting pc4i¢ies. -24- LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Crllkal a¢¢ountlng gstlmates and judggmonts IcontlnU￿) Kgy sour¢eB of •stlmatlon uncortalnty The estimates and assumption8 Twhich have a significant risk of wsing a Mate￿al adjustment to the carrying amount of gssets and liabilities ale addTessed below- Useful economlc Ilvej of tangiblg assèts The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful e￿r￿rni¢ lives 8nd residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when nècessary to r&fl8ct the current eslimales, based on technologi￿1 advar￿￿ent, future investmerbts, economic ulilisalion and physi￿1 conditi.on of the assets. See aCC￿nting pc4icy note labove} for the usefvl economic INes for each dass of assets. Support Cost allocatlons Support costs are apportioned as they relale to more than one cost COtegory1888 note 71. D￿orr0d In¢om• Income received during th& year relating lo later periods is deferred to that period based on the temis of the reco￿1 of income. Grants and donatlons Unrestricted Unrestricted funds nds general general 2026 2024 Grants and donations 5,000 35,015 -25- LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 4 Charlt•ble acllvltle8 Charitable Charltabl• Income Incom• 2025 2024 Work ExperlencÈ- Health & SafetylPlacernenl sefvices Nuffield programme STEM Careers Education Service Nalional Citizen SeThic• 448,220 50 235.632 270,862 70.705 468,6n 33,037 160,009 256,848 38.622 1,025,469 957.188 Analysis by fund Unrestricted funds- general Restrithd funds 789,787 235,682 725.518 231.668 1,025,469 957,188 Oth•r tradlng activities Unrestrlcted Un￿trICt•d funds funds general general 2026 2024 Sponsorsh6p & In￿'aliVe$ 500 1.000 Investments Unrestrlcted Unrestrkled funds funds general general 2025 2024 Incorne from listed investments Bank interesl receivable 7,295 50,011 58,593 56,593 57,306 -26- oowr *¢¥ JCI *r )0￿)0)rI0￿)0 ¢JJ (D ¢>J >•* ¢Q LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 None of the Twst8e5 lor any persons connected wrfh Iheml received any èxpenses from the charity &Jring the year. Imlh the agreement of the other Twstee8, B Chantrill receive(I lolal employment benefits. inGluding employor pension contributions amounting to £nil 12024 - £13.845) for her role in Strategic planning and ¢ar8er counselling. Audltofs ronxlnerallo F￿$ payable to the charity's auditor and associates: 2025 2024 For audlt servkes Au¢Jlt of the ffinan￿al statements of the charity 6,540 6.240 10 Employ••s Number ol employ•es 2025 Number 2024 Mumber Remunerated staff 33 31 Employm•nt Costs 2025 2024 Wag8s and salari8S Social $e¢urily costs Other pension costs TT2,915 S9,108 69,081 724,050 80,645 64,768 901,104 849.461 On a fvll time equi¥al6nt basls the total average number of employees was 2512024- 281. The Charity COns￿er$ its key management personnel to consist of the Chief Executwe and the Finance Manager. The remuneration and benefits paid ltr these personnel lotalled £100,372 (2024- £88,511). There wer& no emF4oyees whose annual r8muneralion was £60.000 or more. 11 Ex grat18 payments Durfng the year Ex payments tolalling £4.000 were made to employe8s. Neither payment was eonlraclual and both related to voluntsry amounts agreed by the twstees follow7ng mediation and advice. -28- LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 12 Taxatlon Th8 charity 1$ exempt from taxation on its aclNities b8cause all its income 18 applied for chaTilable purposes. 13 Net galnsl{losses} on investmonts Unrnstrlet•d Unrestricted funds funds ggngral genèral 2025 2024 Revaluation of investments Gainlllossl on sale of investments {2.223) 37,473 12.4061 (2.223} 35,067 14 Tanglble fixqd a￿fjts Flxtur•8. Computars fittings & •qulpment T(rtal Cost At 1 September 2024 Additions 30,552 84,576 2.985 95.128 2.985 At 31 August 2025 30,552 67.581 98.113 Depr8clatlon and impainngnt At 1 September 2024 Depreciation charged in the ￿ar 30,4 64,934 4,993 85,430 Al 31 August 2025 30,552 59,927 90,479 Ca￿4￿9 amount At 31 August 2025 7,634 7.634 Al 31 August 2024 9,642 9,698 LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGusf2025 16 Flxed asset investments Llst•d investments Cost orvalu•lioTh At 1 September 2024 Valuglion thangeg 331,383 12,223) At 31 August 2025 329.160 arylng amount Al 31 August 2025 329,160 Al 31 August 2024 331,383 2025 2024 Investments at fair value comprise.. Quoted securities 329,160 331.383 Quoted securitie$ are valued at the market value at the year end. 16 DebtorJ 2025 2024 Amounts falling du• wtthln ono year: Trade debtor8 other debtors Prepayments and accrued income 24,178 60,155 6,315 78.441 98.193 6,658 90,648 183,292 17 Creditorn: amounts falllng due wlthln one year 2025 2024 Not•s Other taxation and social security Defe￿ed income Trade credilors Other creditors AccTuals 13,862 22,872 18,144 5.475 42.176 12.012 31.161 7.299 6,361 109,808 18 102,529 168,641 -30- LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTIMUED) FOR THE YEAR ENDED 31 AUGUST 2025 18 Def•rr•d Income 2026 2024 Other deferred income 22,872 31,161 Oeferred income is included in the financial statements as follows: 2025 2024 Deferred income is included within.. Currenl ￿abilItIeS 22.872 31.161 Deferred income relates to funds rgceived in the year to 31 August 2025 for the year ended 31 August 2026. Opening deferred income was £31,161. Funds received in the year wore £22,872 and £31.161 was recognised as income in the finan￿al slatements. leaving deferred incune of £22,872 to Gary forward. 19 Retiygmont bgnaflt schemos The charity oporates a defined contribution pension scheme for all quali￿.Thg employees. The assets of the scheme are held separalèty from those olthe charity in an Indeper￿enIty administered lund. The charge to Statement of Financial AGtivilies in respect of defined wntribuhon scheme5 was £69,08112024 £64,766). The liabilty and expense is allocated be￿een restn'cted and unrestricted fijnds based on I wop0￿"0n of employee time designated to the fund. The amount payable relating to Fension contribU￿.On$ at the yew end amount to £5.475 {2024- £6.361}. 20 M•mborn Guarantee The company is limited by guarant88. Each member of the company undertakes to contribute s￿h amount as may be required Inot exceeding £101 lo the company's assets if it should be wound up while helshe is a member, or wthin one year after helshe ceases to be a member. for the payments of the companys debts and liabilthes contracted before helsh8 ceases to be a member. and of the costs charges and exw$8$ of winding up, and for the adjustment of the rights of the ￿ntrIbull0n3 among the membars. 2025 2024 Number of rnembern at 31 August 2025. 31 88 oov) (TJ 0 (ry 00 LLE.e LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 22 Designatsd funds The unrestricted funds of the charity comprise the unexpended ba1￿CeS of donatior￿ and grants which are not subjfrct to speufic conditions by donors and grantors as lo how thèy may be used. Thesè include designated funds which have been set aside out of unrastrtcted funds by the tnjslèes for speafic purposes. Movement In fund$ kncomln reoourcea Movement In funds Incoming ResourGOS sourus exp•rHl8d B*l•n¢e at 1 Serttml)er 2023 aal•n¢• at •xpond•d I september 2024 B•lan¢• at 31 Auou 2025 Doing Good project 204.288 7.335 (23.342} 188.281 9,285 (35.515) 162,051 204,288 7.335 123.3421 188.281 9,285 135.515> 162,051 The purpose of the 'D￿ng Good. project is to provide support lo young people wishing to secure an apprenticeship. The project will gnable young people lo access Careers guidance, recewe help wlh creating a quality CV, as well as assistance throughout apprenticeship application and interview stages. The project will also benefit local businesses wshing lo recruit an apprentice. vi8 an apprentice recruitment service. 23 Analysis of n•t asi•ts b•hY•en funds Unrestrlcted funds 2025 At 31 August 2026: TangiNe assets Investments Current assetsllliabilities) 7.634 329,1 $0 1,299,648 1,636,442 Unr•strl¢ted funds 2024 At 31 August 2024: Tangible assets Investments Current a$setsl{liabilitre$l 9.698 331,383 1.385.352 1.726,433 LEICESTERSHIRE EDUCATION BUSINESS COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 24 Operatlng l••$• commltm•nts At the reporting end date the charity had OLrtstsnding commitments for flrfwe minimum1ga8e payments under noThpcancellable operallng leases, %thich f811 due as foliows.. 2026 2024 IAfjlhin one year Betsveen kn and five years 1.820 27.368 1.620 1.620 28.988 25 Related party transactions During the year Anjuu Trevedi was •point¢d interim ChEf Exe¢utive Officer and inVo￿e￿ thè tharity £5.600 for CEO services provide(I during the year. Thgre V•pre ro other disdosable related paty knn$action$ during the year. 26 Ultlmate ¢ontrolllng party In the opinion of the Tru81oos, givtrn the structure of the Charity, there is no ￿timate controlling paty. 27 CaJh absorbed by operatlons 2026 2024 (Defieitysurplus for the year 189,9911 26.242 Adlustmonts for: Investment Income recognised in slalement of financlal aCi1v￿e5 IGainlllos$ on disposal of investment$ Fair value gains and losses on inveslmonts Depreciation and impaim)ent of tangible fixed assets 158,593} (57,3061 2,406 (37,4731 4,341 2,223 5,049 Movem•nts in worklng capital: Decreasellincreasel In debtors {De¢￿ase) in creditors {Decreasellinere8se in deferfftd ineome 92,644 {55,8231 (8,289) {97.858} {21.2211 17,939 Cash absorbed by operations 1112.7801 1162.930) An4ly$ls of changes in net fund5 The chartty had no matenal debt durlng the year.