EDUCARE M
(Registered Charity No: 1065452)
(Registered Company No: 3436147)
TRUSTEES' REPORT AND
FINANCIAL STATEMENTS
31 MARCH 2025

EDUCARE M
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATION DETAILS
TRUSTEES
GOVERNING DOCUMENT
CONSULTANTS
COMPANY SECRETARY
REGISTERED OFFICE
CHARITY REGISTRATION NUMBER
COMPANY REGISTRATION NUMBER
INDEPENDENT EXAMINER
BANKERS
SOLICITORS
Declan Linnane (Chair)
Marjorie Bannister (Vice chair)
Louisa Craig (Appointed June 25)
Adam Hardy (Resigned May 25)
Helen Hill
Imogen Lavelle (Appointed May 25)
Maureen Martin (Resigned May 25)
Patrick Morrissey (Resigned May 25)
David O'Farrell
John Shinkwin
Memorandum and Articles of Association dated September 1997
Sister Judith Russi, SSMN
Brendan Duffy
Monica Walczak
Suzanne Riley
1 Grafton Road
Harrow
Middx
HA1 4QS
1065452
03436147
Olayinka Tomori ACA DChA
Longmeade Consult Ltd
The Old Rectory
Springhead Road
Northfleet, Kent
DA11 8HN
Barclays Bank plo
Leicester
LE87 2BB
Stone King LLP
13 Queen Square
Bath
BA1 2HJ
1

EDUCARE M
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their report and the accounts of the charity for the year ended 31 March 2025. They have adopted the
rovisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparin
heir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR$ 102
(Second Edition effective 1 January 2019) and complied with the requirements of the Companies Act 2006.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution and governance
The Charity was established by Memorandum and Articles of Association dated 1 September 1997 and is registered with the
Charity Commission, no. 1065452. The Charity is a company limited by guarantee; company no. 03436147.
The length of service of Trustees is determined by the constitution of the charity. One trustee is obliged to retire by vote at
Annual General Meeting. At every third Annual General Meeting, the members vote to remove one of the Board of Trustees
a member of the company.
OBJECTIVES AND ACTIVITIES
EducareM is a charity whose objects are "...to advance and promote the spiritual and moral development of children and
young people and development of family values. " This has been achieved principally by means of the charity's activities in
schools but the charity, with the aid of specific funding, has now initiated a national programme of formation for Headteachers
and supporting the development of Catholic education at all levels; striving to advance the radical mission of the Church in
PUBLIC BENEFIT
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on
Public Benefit when reviewing the charity's aims and objectives and in planning future activities. In particular, the trustees
consider how planned activities will contribute to the aims and objectives they have set.
ACTIVITIES, ACHIEVEMENTS, PERFORMANCE AND FUTURE PLANS
EducareM continues to work nationally, offering the following programmes
• Governor training
• Christ the Teacher for serving heads, directors, CEO's and Multi Academy Board members
• The annual Reconnect conference for Christ the Teacher graduates
• Tabor programme for Deputy Heads, Assistant Heads, and Middle Leaders
• The Building the Kingdom curriculum development programme
• Chaplaincy development
• Oracy for Advocacy programme
• The National Retreat
• Pilgrimage to Assisi
• Bespoke Inservice days as requested by individual CMACs and Schools
Feedback from the CMAC (Catholic Multi Academy Companies) responding to the provision offered through their service
level agreements, continues to be outstanding. Mr Adam Hardy, one of the trustees completed his term of office as a trustee
and responsibility for monitoring SLA provision. This has now been taken up by the newly appointed trustee Miss Louisa
Craig who is also the Headteacher of Our Lady and St Chad Catholic Academy in Wolverhampton.
2

EDUCARE M
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
REVIEW OF THE YEAR (continued)
EducareM leadership team
The leadership of EducareM has continued to deliver a high level of hands-on training and support. The team is made up of
the following people;
Sr Judith (EducareM Director), Mr Brendan Duffy (National School of Formation Director) Mrs Maureen Glackin (General
Secretary of Catholic Independent Schools' Conference - CISC) and Mr Martin Johnson (Executive Headteacher and
Headteacher of the Sacred Heart School in West Houghton and Mr John Nish primary Headteacher and President of CATSC
and Mrs Julie-Anne Tallon director of the Catholic Primary Partnership and Mrs Monica Walczak, governor and retired
Curriculum development
The Building the Kingdom initiative continues to reach more schools nationally. Many schools are in their second and third
year of designing and developing their curriculum so that it is in line with the mission of the Church in education and Ofsted
compliant. The new development which began last year is now well established and proving very helpful to schools as the
develop pupils Oracy for advocacy skills, speaking truth to power and actively engaging in endeavouring to influence public
decisions
Formation for leadership today
Pupil Chaplaincy Teams
EducareM continues to support CMACs and dioceses in the development of pupil led Chaplaincy teams. Demand for this
training is increasing mainly due to two factors,
:
Lack of trained lay chaplains
Finance
The GIFT (Growing in Faith Together) Chaplaincy teams are a creative and empowering way of developing chaplaincy both
in schools and across CMACs.
An exciting series of events occurred in the Archdiocese of Birmingham with 17 Schools at both primary and secondary
levels, taking part in a two-day event to training staff and pupils in Chaplaincy and a further day training for Caritas
Ambassador teams.
Educare
COM
Educare Educa
London Area Oracy for Advocacy
Day. Young people speaking on the
topic "The leaders I want to see
today"
3

EDUCARE M
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
REVIEW OF THE YEAR (continued)
National Retreat "Leaders in Hope"
Once again, this event was full to capacity and led by Rev Father Nicholas Austin SJ. Bishop Timothy Menezes joined the
retreat as the main concelebrant for the celebration of the Eucharist.
The talks from Fr Nick were truly thought provoking.
• I think you always hit the right tone!
• Thank you so much - I 'didn't have the time' to come but I feel spiritually renewed.
• Music from CJM exceptional.
National School of Formation
The 8th Cohort of 40 headteachers, directors and governors were successfully completed in March 2025.
EducareM
Sir John Battle former Labour MP and Dr
Christine Allen from CAFOD at National
School of Formation
Participants at the National School of Formation
4

EDUCARE M
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
REVIEW OF THE YEAR (continued)
During the training, participants were invited to select two UK study visits.
• Cornerstone, a day centre providing services to vulnerable and disadvantaged adults.
• Corrymeela Project N. Ireland — a centre for Dialogue for Peaceful Change.
• Fatima House Birmingham- a centre for transforming the lives of destitute women and asylum seekers.
Women at the Well — a drop-in centre at Kings Cross.
• L'Arche —communities where people, with and without learning disabilities, share life together, living
or working in community.
• Cardinal Hume Centre — which focuses on four area of need: employment, housing, education and skills
and legal status.
iGNITE! — which supports young people 11—25 to help them re-engage with education, find
employment, move away from anti-social behaviour, gang environment and exploitative relationships.
Pilgrimage to Assisi (March 2025)
This was a new pilot venture offered for the first four cohorts of the National School of Formation. EducareM invited
graduates from the first four previous cohorts to take part in this venture. Places were limited to 25 to keep it manageable.
The invitations were quickly taken up. The pilgrimage was led by Sr Judith Russi and Rev Canon Jonathan Veasey. The
overall impact and value of this experience proved to be significant. Having reviewed the experience EducareM hopes to
repeat it for the remaining postgraduates of the National School of Formation.
Headteachers in Assisi

EDUCARE M
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
REVIEW OF THE YEAR (continued)
Reflection and discussion time in Assisi
Governor Training
An extended series of Governor Training twilight sessions continue to be available online for Governors. These twilight
sessions are working well as they are held at what appears the most convenient time for governors. Attendees are also able to
access previous recorded topics.
Bespoke Governor training is being delivered for the Archdiocese of Birmingham to assist with their reorganisation and
implementation of a new Framework.
Tabor Programme
The Tabor programme has completed its' third cohort. The encouraging and very positive reviews and evaluations mean that
EducareM will continue to provide this programme.
Sarah Barreto, General Secretary CISC,
Dr Maureen Glackin CES, Martin Johnson Programme leader with
delegates Tabor Programme
6

EDUCARE M
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
New initiatives
EducareM has long identified CATSC as a professional partner. The newly appointed President Mr John Nish expressed the
desire to see CATSC and EducareM working more closely together. To this end a National Conference has been planned for
March 5th 2026 for a relaunch of the partnership.
Catholic Schools:
Meeting the Challenges
of Contemporary Education
ational Catholic Education Da
ursday, 5 March 202
Leading International and National Speukers share insights on
the Church's mission in education in this fast changing world.
Key speakers invited include
Bishop Michael Brohl CSsR
Cardinal Luis Antonio Tagle (ibo)
Catso EducareM
Conference Fee. E99 (one d
gatel| £179
To apply, please contact Miss Sue Riley, suerileyeducarem@hotmail.co.uk
• WalcaukMes
Together For The Common Good
EducareM is delighted to recognise Together for the Common Good as
an important partner in our work. Jenny Sinclair the founder and CEO
is now part of our programmes for those in leadership positions.
EducareM
Brendan Duffy, Sr Judith with Jenny Sinclair
and Jo Stow Together for the Common Good
7

EDUCARE M
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
FINANCE REVIEW
The charity continued with its usual activities during the year. Total income for the year fell to f226.4k (2024: f240.3k),
despite a £20.Ok donation from the Sisters of the Holy Cross. However, income from the National School of Formation (NSF)
program was £112.2k in 2025 compared with £135.6k in 2024.
Total expenditure was £229.0k (2024: £172.2k). Inflation continues to persist but also, an additional £lok was spent o
consultancies while NSF costs rose from £83.8k to £122.0k in 2025
There were net losses on investments of £2.8k (2024: £12.4k net gains) due to weaker global stock markets following the
rounds of tariffs in the USA.
The Trustees are keen to ensure that the charity's services are open to all irrespective of ability to pay. Therefore, it is their
policy to offer subsidised rates, in cases of need, upon application. 5 grants totalling f2,764 were offered this year for the
National School of Formation and the retreat (2024: Six grants totalling f3,125); income is stated net of these amounts.
The result for the year was net expenditure of f5.1k (2024: £80.5k net income), all of which were unrestricted funds.
RESERVES POLICY
It is the intention of the Trustees to maintain financial reserves at a level whereby they can fund the ongoing activities of the
Charity. At the year-end the "free reserves" of the charity, that is total funds excluding restricted funds, stood at £303.2k
(2024: £308.3k), representing 15 - 18 months of budgeted expenditure. Some of the funds are simply a result of timing and
will be expended in the coming years. Overall, this aligns with the Trustees' aim of holding approximately one year's
expenditure in reserve. These reserves also provide a sound capital base for the longer term, to finance the charity's working
capital and its cash flows since considerable expenditure is often incurred by the charity before the corresponding revenue is
In the view of the Trustees, the charity's financial statements continue to indicate a healthy balance of funds with sufficient
reserves in place to meet the charity's obligations in the medium term. Trustees remain optimistic that the charity will continue
to be in a position to provide the much-needed support to schools and other organisations of the benefit of children.
INVESTMENT POLICY
The Trustees have the power to make investments as they deem fit. Currently, the charity has invested some of its cash
reserves in short term low risk charity investment funds.
8

EDUCARE M
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees (who are also the directors of the Company) are responsible for preparing the annual report and the financial
statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the Trustees to prepare financial statements for each financial period which give a true and fair viev
ot the state of affairs of the charitable company as at the balance sheet date and of its income and expenditure for that perioc
In preparing these financial statements, the Trustees are required to:
•
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
adopt the going concern basis unless it is inappropriate to presume that the charitable company will continue on that
basis.
The Trustees are responsible for the keeping of proper accounting records which disclose with reasonable accuracy at any
time the financial position of the charitable company and which enable them to ensure that the financial statements comply
with the Charities Act 2011 and Companies Act 2006. They have general responsibility for taking such steps as are reasonably
open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.
The financial statements have therefore been drawn up to comply with the above statutory requirements, with the
Memorandum and Articles of Association and the Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS102) (second edition effective January 2019) - Charites SORP (FRS102).
Approved by the Trustees on ...... November 2025 and signed on their behalf by
Declan Linnane
Chair of Trustees
Dedan Qunnae
19/1/2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
EDUCARE M
FOR THE YEAR ENDED 31 MARCH 2025
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of the report
s the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for t
eparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Ac
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and
are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under
section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given
by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's report
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination
giving me cause to believe that:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any
requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent
examination; or
4.
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Olayinka Tomori ACA DChA
..20. November 2025
Longmeade Consult Ltd
The Old Rectory
Springhead Road
Northfleet
Kent, DA11 8HN
10

EDUCARE M
STATEMENT OF FINANCIAL ACTIVITIES
(Including Income & Expenditure Account)
FOR THE YEAR ENDED 31 MARCH 2025
Total
2025
Unrestricted
Notes
Total
2024
(Note 13)
INCOME from
Grants and Donations
Investment income
Charitable activities
Total income
1
2
3
21,006
3,159
202,459
226,624
239,348
240,333
EXPENDITURE on
Charitable activities
4
Total Expenditure
Net income/(expenditure) before investment
gains/(losses)
Net gains/(losses) on investments
Net movement in funds
Accumulated Funds
Brought forward at start of year
Carried forward at end of year
9
228,967
228,967
(2,343)
(2,789)
(5,132)
308,349
£303,217
172,248
172,248
68,085
12,402
80,487
227,862
£308,349
No separate summary income and expenditure account has been prepared because the information it would contain is given
in the above statement.
The statement of financial activities includes all gains and losses recognised in the period.
All income and expenditure expended derive from continuing activities.
The notes form part of these financial statements.
11

EDUCARE M
BALANCE SHEET
AS AT 31 MARCH 2025
COMPANY NUMBER: 3436147
2025
2024
Notes
FIXED ASSETS
Investments
CURRENT ASSETS
Debtors
Bank and cash balances
103,319
106,108
10
27,250
229,729
256,979
(57,081)
35,810
200,778
236,588
(34,347)
LESS: CURRENT LIABILITIES
Creditors: amounts falling due within
one within one year:
NET CURRENT ASSETS
NET ASSETS
Represented by:
FUNDS:
Unrestricted
Restricted
199,898
£303,217
202,241
£308,349
303,217
308,349
12
-
£303,217
£308,349
The notes form part of these financial statements.
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies
Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with
section 476,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small
companies' regime.
Approved by the Trustees on ....... November 2025 and signed on their behalf by
Declan Linnane
Chair of Trustees
Deda Chunnere
19/11/2025
12

EDUCARE M
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
2025
Cash flows from Operating Activities
Net cash outflow from operating activities
Investing Activities
Purchase of investments
Change in cash and cash equivalents in year
Cash and cash equivalents at 1 April 2024
Cash and cash equivalents at 31 March 2025
Notes to the Cash Flow Statement
Notes
A
B
A. Reconciliation of net movement in funds to net cash flow from operating activities
28,951
-
200,778
$229,729
Net movement in funds (as per the Statement of Financial Activities)
Adjustments for:
Decrease/(increase) in debtors
Increase/(decrease)/increase in creditors
Net gains/(losses) on investments
Net cash (used in) operating activities
B. Analysis of cash and cash equivalents
Cash at bank and in hand
2025
(5,132)
8,560
22,734
2,789
28,951
$229,729
13
2024
50,260
-
50,260
150,518
$200,778
2024
80,487
(13,838)
(3,987)
(12,402)
50,260
£200,778

EDUCARE M
ACCOUNTING POLICIES
FOR THE YEAR ENDED 31 MARCH 2025
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the
financial statements are as follows:
Basis of preparation
These accounts have been prepared for the year ended 31 March 2025. Comparative information is provided in respect of the
year ended 31 March 2024.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless
otherwise stated in the relevant accounting policies below or the notes to these accounts.
They accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102) (second edition effective January 2019) - (Charities SORP (FRS 102)), the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The charitable company constitutes a public benefit entity as defined by FRS 102.
The accounts are presented in sterling and are rounded to the nearest pound.
Critical accounting estimates and areas of judgement
Preparation of the accounts may require the Trustees to make significant judgements and estimates. There are no significant
items in the accounts where these judgements and estimates have had to be made.
Assessment of going concern
he Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. Th
rustees have made this assessment in respect to a period of one year from the date of approval of these accounts
The Trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may
cast significant doubt on the ability of the charity to continue as a going concern. The Trustees are of the opinion that the
charity will have sufficient resources to meet its liabilities as they fall due. Any significant areas of judgement that affect
items in the accounts are detailed above.
With regard to the next accounting period, the year ending 31 March 2026, the
Trustees consider that there are no significant areas that affect the carrying value of the assets held by the charity.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items) of
income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the
grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not
deferred.
Income received in advance of a conference or the provision of another specified service is deferred until the criteria for
income recognition are met.
In accordance with the Charities SORP FRS102, volunteer time is not recognised.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is
normally upon notification of the interest paid or payable by the bank.
Income is stated net of subsidies granted to users of the charity's services. An estimated value of the subsidies so given is
shown by way of note as a deduction from income.
14

EDUCARE M
ACCOUNTING POLICIES
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable
that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the
following activity headings:
• Costs of raising funds comprise the costs associated with attracting income and the costs of trading for fundraising
purposes
• Expenditure on charitable activities includes the costs of providing consultancy services, running retreats and courses
and other educational activities undertaken to further the purposes of the charity and their associated support costs.
•
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Allocation of support costs
Support costs represent indirect charitable expenditure in connection with those functions that assist the work of the charity
but do not directly relate to a charitable activity. Support costs include general office costs, depreciation and other costs which
do not relate to specific programmes and activities of the charity.
Governance costs comprise the costs involving the public accountability of the charity including independent examination
costs) and costs in respect to its compliance with regulation and good practice.
Support and governance costs have been allocated entirely to expenditure on charitable activities.
Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or
for specific projects being undertaken by the charity.
Investments
Investments include listed investments shown in the Balance Sheet at market value. Net gains and losses on the Statement of
Financial Activities represent realised and unrealised gains on investments.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued
at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months
or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade
discounts due.
15

EDUCARE M
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. GRANTS AND DONATIONS
Donations
2. INVESTMENT INCOME
Bank Interest
3. INCOME FROM CHARITABLE ACTIVITIES
Consultancy fees
Conferences
School Improvement
Curriculum Development
National Retreat fees
National School of Formation (NSF)
Total
2025
21,006
€21,006
Total
2025
€
€3,159
Total
2025
22,176
5,557
20,582
39,887
114,257
£202,459
16
Total
2024
£-
Total
2024
€985
Total
2024
23,226
2,918
8,202
34,093
35,285
135,624
£239,348

EDUCARE M
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
4. EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
Charitable activities
National School of Formation (NSF)
Support Costs
Office support, printing, postage
Travel and subsistence
Insurance
Other costs
Governance costs (Including Independent
Examination fees)
Year ended 31 March 2024
Charitable activities
Direct costs
Consultants' fees and expenses
National Retreat
National School of Formation (NSF)
Conferences
Curriculum Development
Support Costs
Office support, printing, postage
Travel and subsistence
Insurance
Other costs
Governance costs (Including Independent
Examination fees)
44,800
3,511
200
33,518
122,048
204,077
17,197
2,665
2,444
154
22,460
2,430
£228,967
Unrestricted
34,800
32,805
83,804
257
151,666
5,805
1,718
2,425
164
10,112
2,470
-
8164,248
Restricted
:
:
-
-
f-
Restricted
:
8,000
8,000
-
€8,000
Total
2025
44,800
3,511
200
33,518
122,048
204,077
17,197
2,665
2,444
154
22,460
2,430
£228,967
Total
2024
f
34,800
32,805
83,804
257
151,666
13,805
1,718
2,425
164
18,112
2,470
£172,248
Total
2024
34,800
257
32,805
83,804
151,666
13,805
1,718
2,425
164
18,112
2,470
£172,248

EDUCARE M
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
5. NET INCOME/EXPENDITURE FOR THE YEAR
This is stated after charging:
Independent Examiner's remuneration
- Examination
- Accountancy services
2025
2024
1,290
£2,430
1,050
1,260
€2,310
The charity does not have any employees; its functions are performed by independent consultants and on a voluntary basis.
6. TRUSTEES' EXPENSES & REMUNERATION AND TRANSACTIONS WITH TRUSTEES
During the year, no trustees (2024: none) were reimbursed expenses (2024: Enil). No other payments or transactions
occurred with trustees during the year.
Sister Judith Russi, a consultant to the charity, provided services for which her religious Order (SSMN) was paid
€44,800.
7.
TAXATION
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256
of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
8.
LIABILITY OF MEMBERS
The charity is constituted as a company limited by guarantee and has no share capital. The liability of each member
is limited to the sum of f1 per member.
9.
INVESTMENTS
2025
2024
Market value at 1 April 2024
Additions
Disposals
Net gains/(losses)
Market value at 31 March 2025
Historical cost at 31 March
106,108
(2,789)
£103,319
€95,000
93,706
12,402
£106,108
€95,000
Il investments are held in the United Kingdom and are valued at bid price. The investments are under th
nanagement of CCLA Fund Managers
10. DEBTORS
2025
2024
Trade Debtors
Prepayments and accrued income
25,083
2,167
€27,250
33,676
2,134
€35,810
18

EDUCARE M
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
11.
CREDITORS: amounts falling due within one year
Accrued expenses
Deferred income - deposits held for future conferences
2025
29,093
27,988
£57,081
2024
8,393
25,954
£34,347
12. RESTRICTED FUNDS
There were no restricted funds brought forward from the prior year or any restricted fund transactions in the year.
Prior Year
Balance
At 1 April
2022
Balance
At 31March
2024
Building the Kingdom Fund
8,000
Income
f
-
Expenditure
f
(8,000)
-
Building the Kingdom Fund
Monies were donated to support the work of the charity in its Building the Kingdom curriculum design project for
schools. The project continued its development during the year, to which the restricted fund was fully applied in the
19

EDUCARE M
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
13.
PRIOR YEAR (2024) STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
INCOME from
Grants and Donations
Investment income
Charitable activities
Total income
239,348
240,333
EXPENDITURE on
Charitable activities
Total Expenditure
Net income/(expenditure) before
gains/(losses)
Net gains/(losses) on investments
Net movement in funds
Accumulated Funds
Brought forward at start of year
Carried forward at end of year
investment
164,248
164,248
76,085
12,402
88,487
219,862
£308,349
20
Restricted
:
8,000
8,000
(8,000)
-
(8,000)
8,000
Total
2024
-
985
239,348
240,333
172,248
172,248
68,085
12,402
80,487
227,862
£308,349