Charity Reglstration No. l 11143 1 Company Reglstration No. 5349267 (England & Wales) BISHOP CORNISH EDUCATION CENTRE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
Charity Reglstration No. 1111431 Company Registration No. 5349267 (England & Wales) Bishop Cornish Education Centre REPORT AND FINANCIAL STATEMENTS 2025 Contents Page Reference and Administrative details Directors. Report Independent Examiner's Report statement of Financial Activities io Balance Sheet li Notes to the Financial Statements 13
Charity Registration No. 1111431 Company Registration No. 5349267 (England & Wales) Bishop Cornish Education Centre REPORT AND FINANCIAL STATEMENTS Reference and Administrative Details Directors during the period l April 2024 - 31 March 2025: Mrs Sarah Adkins Mrs Tracey Fletcher Captain Richard Blackwell Mrs Victoria Oakes (Chalr) (Company Secretary) Dlrectors, interests No director had a material interest In any contract or arrangement during the year to which the Charity is or was a party. Reglstered Office: Independent Examiner: Blshop Cornish Education Centre Bishop Cornish Church of England Voluntary Alded Primary School Lynher Drive Saltash Cornwall PL12 4PA stephen Rlchards 3 Prlory Mlll, Plympton, Plymouth PL7 IWR Bankers: Solicitors: HSBC 93 Fore Street Saltash Cornwall PL12 6AE Womble Bond Dickinson (UK) LLP Ballard House West Hoe Road Plymouth PLI 3AE
Charlty Registration No. l 11143 1 Company Registration No. 5349267 (England & Wales) Bishop Cornish Education Centre Directors, Report For the year ended 31 March 2025 The Directors present their annual report together with the financial statements and independent examiner's report of the charitable company for the year ended 31 March 2025. The accounts have been prepared In accordance with the requirements of the Charities Act 2011, the Charity's Memorandum and Articles of Association and the Charities Statement of Recommended Practice (SORP) for charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlve l January 2019). Objectives and Activities Objects and Aims The Bishop Cornish Educatlon Centre ("the Charity") was incorporated on l February 2005 and is Ilmited by guarantee. The Charlty is governed by its Memorandum and Articles of Association dated 21 January 2005 as amended by a special resolutlon dated 19 September 2005. It was registered with the Charity Commission under number 1111431 on 23 September 2005. The Charlty has a lease of the land on which the Bishop Cornish Education Centre building Is located until 31 December 2110. The Charity's objects (as amended) are,. to provide playi social and educational opportunities for children under statutory school age; to provide play, social and educational opportunltles, before and after school, for children of statutory school age. to offer education and training for parents and carers in the provision of playi soclal and education opportunities; to advance education in music for children at Bishop Cornish Church of England Voluntary Alded Primary School, to promote the conservation, protection and improvement of the physlcal and natural envlronment for the beneflt of the pupils of Blshop Cornish Church of England Voluntary Aided Primary School and the community in the surrounding area. and to advance education in the conservatlon, protection and improvement of the physlcal and natural envlronment for the benefit of the puplls of Bishop Cornish Church of England Voluntary Aided Primary School and the community In the surrounding area. The Charity aim5 to provlde the best standard of education and care for children of pre-school age (2 years) by employlng, training and valulng qualified, enthuslastic and talented staff and offering an exciting, creative curriculum in an Inspiring building with extensive access to resources inside and outside. The premises are made available to provide before and after school provision for children of statutory school ages 5 - 1 l and for chlldren who attend the Pre-school, for music classes for Blshop Cornish Primary School during the school dayi as a continuing exemplar of excellence In environmental 5UStalnability and for opportunities for education for children, parents and carers. Principal activlties The Pre School offered places for up to 26 children in each of the morning (08.30hrs 11.30hrs) and afternoon (12.15hrs- 15.15hrs) sesslons and over the lunch session (11.30hrs-12.15hrs). Et had 32 children on roll. The Pre School operates during the 38-week school year, comprising three terms. The Charity employed four term time staff to work with the pre-school children, all of whom hold early years qualificatlons. One additional staff member offered support as required throughout the week and an early years qualified staff member provided cover where required. All staff hold or are working towards the appropriate Early Years Level 3. All staff hold a Paediatrlc First Aid qualificatlon. As well as the Charity's bu Ildlng, pre-school chlldren had access to various areas within the school premlses, such as the hall for PE sessions, the outdoor play areas including the school field, Forest School area and adventure play area. Around a third of children on roll have been supported with more targeted support to meet their identified needs. A high standard of unlversal practice Is in place in the setting which supports all children's next steps and those wlth special educational needs {SEN) and other
Charity Registratlon No. 1111431 Company Registration No. 5349267 (England & Wales) identlfied disadvantages. The preschool work closely with external professionals as required e.g. speech and language therapist, early years incluslon workers and portage to make sure chlldren are receiving the support they need. The staff can access and signpost parents to support through the Early Help Hub to ensu re all children and their families receive appropriate levels of support. The Pre School has again received 10 out of 10-star ratlng fr.om Day Nurseries following posltlve reviews received from parents and carers and also received an award for being in the top 20-day nurseries in the South West. The Before and After School Clubs are attended by pre-school children and children of statutory school age to 11 years of age from 07.30 hrs 08.30hrs and from 15,15 hours- 17.30hrs. Eight staff worked In the provision of the Extended Services. Three preschool staff work within either breakfast or after school club. The Pre-school provides a balanced and varied curriculum that reflects the needs and developmental next step5 of each child and uses their interests and areas of interest. A daily routine challenges the children whilst glving them time to play and explore thelr own ideas. Use of Tapestry, an early years online learning journeyi ensures that parents feel part of their chlldren's experience at pre-school as well as being a very effective tool to monltor progress. The Pre-school has continued to offer opportunities for pre-school and prlmary school teacher training, as well as offering work experience placements for students in years and 10 and 12 studying at local secondary schools. The Education Centre has been used as a venue for meetings of special needs co- ordinators from pre-schools in the area, and for regular theme days for children at from local primary schools, includlng English and maths for pupils identlfled as having higher learning potential, The Education Centre has also hosted music lessons for the primary school children. The Education Centre has also been used as a venue for topic-based sessions of parents of children in the setting. These sessions have offered support and resources such as supporting your child to learn phonics, how to support your child at home with speech and language or gaining a new sibling. At 31 March 2025, the Charity had 13 part-time employees. All staff have undertaken professlonal development, including Safeguarding, Thrive, SEND support and Emotlon Coaching, whlch is a particular focus. Our main activities as described above clearly illustrate the delivery of public beneflt. The Trustee5 conflrm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitutlon The Charity is a company limited by guarantee and a charity. The charitable company's Memorandum and Artlcles of Associatlon are the primary governing documents, and the trustees of the Bishop Cornlsh Education Centre are also the directors of the charitable company for the purposes of company law. The charitable company is known as the Bishop Cornish Education Centre. Details of the Trustees who served throughout the year, except as noted, are included in the list of Directors. Members, Liablllty Each member of the charitable company undertakes to contribute to the assets of the Company in the event of It being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be requlred, not exceeding £10, for the debts and Ilabilities contracted before they ceased to be a member. DIRECTORS Appointment or Election of Directors The Charity shall have the following Directors as set out in its Artlcles of Association: Not less than three Directors but (unless otherwise determined by ordlnary resolution} shall not be subject to any maxlmum A director shall be a Member of the Governlng Body of Bishop Cornish Church of England Voluntary Aided Primary School or a person appolnted by them.
Charity Registration No. 1111431 Company Registration No. 5349267 (England & Wales) Directors are appointed by the Governing Body of Bishop Cornlsh Church of England Voluntary Aided Prlmary School and serve for a three-year period, retiring by rotation unless they are re-appointed or re- elected. When appointing new Trustees, consideration is given to the skills and experience mix of existing directors to ensure that the board has the skills necessary for the achlevement of its objectlves and aims. Succession planning continues. Induction and Tralning of Directors The inductlon and training provlded for new Dlrectors depends upon their existing experlence. A tour of the Bishop Cornish Education Centre is provided for all new directors, with the opportunlty to meet staff and puplls. All Trustees are provided with coples of policies, procedures, minutes, accounts, budgets, plans and other documents that they wlll need to undertake their role. Inductlon is tailored speclfically to each individual, Organisational Structure The Board of Directors normally meets once each term. At its meetings it monltors, evaluates, and revlews policy and performance in relation to the children, flnancial management, and compliance with reporting and regulatory requirements. It drafts and then monitors the annual budget, Including setting staffing levels. In addition.. The Manager of the Bishop Cornish Education Centre Pre School attends each meeting to provide an update on the activities of the pre-school, Including curriculu m, pupil progress and wellbeing, staffingi inspections and matters arising. Directors undertake a physlcal inspection of the Bishop Cornlsh Education Centre bullding at least once a year. In additlon, the Manager presents an annual Inspection and recommendations report from the appointed contractor. Directors recelve a financial report at each meeting from the Charity's Finance Officer, monitoring income and expenditure agalnst the budget, Pay related matters are considered when the annual budget is drafted and more frequently when appropriate. The Board may from time to time establish Working Groups to perform specific tasks over a limited timescale. The following decislons are reserved to the Board of Dlrectors.. to conslder the status and constitution of the Charity and to appoint or remove the Chair and/or Company Secretary. The Trustees are responsible for setting general pollcy, adopting an annual plan and budget, approvlng the statutory accounts, monitoring the performance of the educational provlsion in the Pre-school and the Before and After School Club, and making major decisions about the direction of the Charity, capital expenditure and staff appointments. The Trustees have devolved responslblllty for day-to-day management of the Pre-school to the Manager, who is supported by a part-time finance officer and a part-time administrator. The Board delegates to the Manager and to Dlrector Mrs Tracey Fletcher (Headteacher of Bishop Cornish Primary School) responsibility for the authorisatlon of spending wlthln budgets that are expressly set for identified activities. Pay and Remuneration of Key Management Personnel The Trustees consider that the Board of Directors and the Manager comprise the key management personnel of the Charityi in charge of directlng, controlling, running and operatlng the Trust on a day to day basls. All Directors give their time freely and no Director received remuneration for this role In the year. No expenses were incurred by Directors and there were no related party transactlons. The pay of the Manager revlewed annually. Going Concern The Board of Directors has made appropriate enquiries and has a reasonable expectation that the Charity has adequate resources to continue In operational existence for the foreseeable future. For thls reason It contlnues to adopt the going concern basis in preparlng the financial statements.
Charity Registration No. l 11143 1 Company Registratlon No. 5349267 (England & Wales) FINANCIAL REVIEW Financial Review On l April 2024 the assets of the Charity comprised cash at the bank in the sum of £99,320, a debtor of £2,142 and a buildlng, nature playground and outdoor railway playground, with a book value of £127,107. During the perlod from l April 2024 to 3 1 March 2025 the Charity replaced its boiler with electric heating and hot water systems at a capital cost of £15,095 and wrote-down the book value of the previous boiler amountlng to £4,324. On 31 March 2025 the assets of the Charlty comprised cash at the bank in the sum of £117,476 and a buildingi nature playground and outdoor railway playground with a book value of £133,806. During the year the Charity collected fees of £244,089 and had other income of £4,249. Its expenditure on staff costs was £182,441 and other costs and sundry expenses totalled £42,944. Mr stephen Rlchards was re-appointed as the Independent Examiner. Most of the Charity's Income is obtained from fees in respect of children (aged 2 4 years) who attend the Bishop Cornlsh Pre School and from fees from children (aged 4 - 11 years) who attend the Before and After School clubs. Approxlmately three quarter of the fees received for the Pre School come in the form of early educatlon funding to provide free early educatlon places for chlldren aged two, three and four years. Worklng families who are eligible can access up to 1,140 hours of free early education or childcare per year, which amounts to up to 30 hours 38 weeks of the pre-school year for children aged 2-4. Some 2 year olds are able to access disadvantaged 2 year old fundlng if their family is entitled to certain benefits. All 3 and 4 year olds are entitled to 15 hours a week of early years funding the term after their 3rd birthday. The Manager signposts parents to the relevant government website to check availablllty and supplies famllies with the correct funding forms. The preschool has been able to accommodate families who are ellgible for the 2 year old government fundlng that has now been rolled out. The Charity contlnued to operate a Before and After School club using the Charity's premlses. The Board of Dlrectors recelves a termly update on financlal management from the Flnance Offlcer, with the budget reviewed monthly by the Chair and the Company Secretary. No matters of significance have been reported. Reserves Policy The Reserves Pollcy, adopted in 2011, provides for the establishment of a Buildings Repairs Fund to meet extraordinary expenditure on the buildings. To date thls Fund has not been establlshed but consideration will be given to making an annual contrlbution of £5,000 to such a Fund when the Directors carry out thelr annual revlew of reserve levels of the Charity. This review will take into account future plans, potential future income streams and other key risks identifled during the risk review. In the meantime, the Charlty maintains sufficient funds in its bank accounts to provide resilience in the event of key risks materialislng. Prlncipal Risks and Uncertainties The Directors have agreed a Risk Management Pollcy and completed a Risk Register. These have been discussed by Director5 and include financial risks. The register and plan are revlewed in light of any new information and formally reviewed annually. The Directors have assessed the major risks to which the Charity Is exposed, in particular those relating to Its finances, staffing, facillties and other operational areas. A risk reglster is maintalned and reviewed and updated on a regular basis. The Dlrectors contlnue to review and ensure that appropriate measures are in place to mitigate these risks. The Directors, report, Incorporating a strategic report, was approved by order of the Board of Directors, as company directors, on 18 December 2025 and slgned on the board's behalf by: Sarah Adkins Director
Charity Registration No. l 111431 Company Registratlon No. 5349267 (England & Wales) statement of Directors, Responsibllities The Dlrectors are responsible for preparing the accounts In accordance wlth applicable law and United Kingdom Generally Accepted Accounting Practlce. Company and charity law requires the Directors to prepare accounts for each financial year whlch give a true and fair vlew of the state of affairs of the charity and of Its incoming resources and application of resources, including Its net income and expenditure for the year. In preparing these accounts the Directors are required to: select suitable accounting pollcles and then apply them consistently; make judgments and estimates that are reasonable and prudent, and prepare the accounts on the going concern basls unless it is inappropriate to presume that the charlty will continue In operation. The Directors are responslble for keeplng proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charlty and hence for taking reasonable steps for the prevention and detection of fraud and other irregu larlties and to provide reasonable assurance that: the Charity is operating efflciently and effectivelyi Its assets are safeguarded against unauthorised use or disposltlon; proper records are maintalned and flnancial information used wlthin the charlty or for publication is reliable. and the Charity complies wlth relevant laws and regulations. A rlsk management process to assess business rlsks and implement risk management strategles has been undertaken and is reviewed annually.
Charity Registration No. l 11143 1 Company Reglstration No. 5349267 (England & Wales) Independent Examiner's Report to the Directors of the Bishop Cornish Education Centre I report on the accounts for the year ended 31 March 2024, which are set out on pages 10 - 16. Respective responslbilities of Directors and Examiner The charlty's trustees are responslble for the preparation of the accounts. The charity's trustees consider that an audlt Is not requlred for this year under section 144 of the Charlties Act 2011 ("the Charities Act") and that an independent examination Is needed. It is my responslbility to: examine the accounts under sectlon 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of the Independent Examiner's Report My examination was carrled out in accordance with general Dlrections given by the Charity Commlssion. An examinatlon includes a review of the accounting records kept by the charity and a comparison of the accounts presented wlth those records. It also includes consideration of any unusual items or dlsclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit, and consequently no oplnion is given as to whether the accounts present a 'true and fair, view and the report Is limited to those matters Set out in the statement below. Independent Examiner's Statement In connection wlth my examlnation, no matter has come to my attention: which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charltles Act. and to prepare accounts whlch accord wlth the accounting records and comply with the accounting requirements of the Charities Act have not been met; or to which, In my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Stephen Richards 3 Priory Mill, Plympton, Plymouth PL7 IWR Date 16 December 2025
Charity Registratlon No. 1111431 Company Reglstration No. 5349267 (England & Wales) Bishop Cornish Educatlon Centre Statement of Financlal Activlties Year ended 31 March 2025 2025 2024 Income and Expendlture Notes Incoming Resources Interest and Investments Fees Feed in tariff Reimbursement Uniforms 1,688 244,089 2,561 1,156 201,974 3,258 1,179 Total Incoming Resources 248,338 207,567 Resources Expended Building running costs Adminlstration expenses Staff Costs Depreciation Donations 19,008 15,539 182,441 8,397 18,883 28,619 173,145 4,104 42 Total Resources Expended 225,385 224,793 Net Income (Expenditure) for the Year 22,953 (17,226) Balance Brought Forward 225,523 242,749 Balance Carried Forward 248,476 225,523 There Is no difference between the net incoming resources for the year stated above and its historical cost equivalent. All income and expenditure Is derived from contlnuing activities. The above Statement of Financial Actlvltles also forms the Income and Expenditure Account for Companies Act purposes. io
Charity Registration No. 1111431 Company Registratlon No. 5349267 (England & Wales) Bishop Cornish Education Centre Balance sheet As at 31 March 2025 2025 2024 Notes Fixed assets Tangible assets Investments 133,806 14,091 127,107 14,091 147,897 141,198 Current assets Debtors due withln one year Cash at bank and in hand 2,142 99,320 117,476 117,476 101,462 Creditors: amounts falling due withln one year io 16,897 17,137 Net current assets 100,579 84,325 Total assets less current Ilabilities 248,476 225,523 Capital and reserves Income and Expendlture Account 248,476 225,523 Total Capital and reserves 247,476 225,523 In preparing these financial statements: (a) For the year ended 31 March 2025 the company was entitled to exemption from audlt conferred by Sectlon 477 of the Companies Act 2006. (b) No notice has been deposlted at the registered office of the company pursuant to Section 476 requlrlng that an audit be conducted for the year ending 31 March 2025; (c) The Directors acknowledge their responsiblllties for: Ensuring that the company keeps accounting records which comply with Sectlon 386 of the Companies Act 2006, Preparlng accounts which glve a true and fair view of the state of affairs of the company a5 at the end of the financial year and of its income and expenditure for the financial year in accordance wlth the requirements of Section 394 and 395 and whlch otherwlse comply with the requ Irements of this Act relating to financial statements, so far as applicable to the company. li
Charity Reglstration No. 1111431 Company Registration No. 5349267 (England & Wales) (d) The accounts have been prepared In accordance with the special provisions in Part 15 of the Companies Act 2006 relating to small companles and in accordance with the SORP (FRS 102).. the statement of Recommended Practice - Accounting and Reportlng by Charitles applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlve l January 2022) which was Issued on 16 July 2014. These financial statements were approved by the Board of Directors on 18th December 2025 and signed on its behalf by Sarah Adkins Director 12
Charlty Registration No. l 11143 1 Company Registration No. 5349267 (England & Wales) Bishop Cornish Education Centre Notes (forming part of the financlal statements) Accounting policies The following accounting policies have been applied conslstently in deallng with items which are considered material in relation to the financial statements. Basis of preparation The accounts are prepared under the historical cost convention. Under Financlal Reporting Standard I, the Charlty is exempt from the requirement to prepare a cash flow statement on the grounds that it Is a small charity. Taxation The company Is a registered charlty and is not Ilable to taxation. Income Donations and other sources of income, including interest on funds held, are accounted for when recelved. The Charity received no glfts or services In kind. The Charlty continued the provision of its pre-school activities during this period and undertook its charltable objectives. Expenditure Liabilities are recognised when the Charlty is under an obligation to make a transfer of value to a thlrd party. Depreciation Tanglble fixed assets are capitalised at cost. Depreciatlon of the building Is at 2 % per annum. Depreciation of the heating and hot water systems are at IOO/o per annum, Depreciation of the Nature Playground and the Model Rallway are at 200/0 per annum. Fund Accounting All fu nds held by the Charlty are to be used for its charitable objectives at the discretion of the Trustees. Donations. Grants, Fees & Courses 2025 2024 Fees Feed in tariff Interest Reimbursement 244,089 2,561 1,688 201,974 3,258 1,156 1,179 248,338 207,567 13
Charity Registratlon No. 1111431 Company Reglstration No. 5349267 (England & Wales) staff Costs 2025 2024 Salaries and wages National Insurance Penslon cost Training 138,330 11,629 31,119 1,363 134,271 10,072 27,594 1,208 182,441 173,145 Administration Expenses & Consumables 2025 2024 Telephone, insurances, general office Consumables and provisions Equipment Uniforms Ofsted fee ICT consumables & support Advertising and webslte Health & Safety Subscriptions 4,495 4,260 1,085 6,443 4,545 1,739 35 3,397 468 202 1,597 35 7,234 468 208 7,947 15,539 28,619 14
Charity Registration No. l 11143 1 Company Registration No, 5349267 (England & Wales) Bishop Cornish Education Centre Notes Continued (forming part of the financial statements) Building Running Costs 2025 2024 Gas & Electriclty Water Maintenance Security Refuse & Pest Control Railway Cleanlng Servlces & Materials other costs 2,168 573 10,050 506 731 263 4,017 699 3,085 614 11,921 1,416 605 245 941 56 19,008 18,883 Tangible fixed assets 2025 2024 Bu Ildlng & asset costs Expenditure in year Depreciation charge for the year 127,107 15,096 (8,397) 131,211 (4,104) Net book value 133,806 127,107 The Charlty's tangible fixed assets comprised the construrted buildlng including certain fixtures and fittings, the nature playground and outdoor rallway valued at cost. The building was fully completed during 2011, The Trustees resolved to depreciate the building at 20/0 per annum (£3,318) from 2011112 and to depreclate a replacement boiler at IOO/o per annum from 2022/23. The replacement boller was itself replaced in September 2024 with new heating and hot water systems. The book value of the boller has been fully written down (£4,324) and the new systems are depreciated at IOO/o per annum (112 year in 2024125 - £755). The nature playground and outdoor rallway playground are now fully depreciated. 15
Charity Registration No. l 11143 1 Company Registratlon No. 5349267 (England & Wales) Bishop Cornish Education Centre Notes Contlnued (forming part of the financial statements) Investments 2025 2024 Shares held in Kirk Hill Wind Farm Llmlted 14,091 14,091 14,091 14,091 Debtors 2025 2024 Prepayments 2,142 1,130 2,142 io. Creditors 2025 2024 Salaries (Includlng employer's contributions) Other accrued costs 16,897 16,847 289 16,897 17,137 The Charlty pays "nil" tax and had no other creditors. ii. Employees The Charity has 13 part-time employees. 12. Liability of Members The Charity Is a company lim Ited by guarantee wlthout share capital. The liability of the members, of which there are 4, is limited to £10 each in the event of the company being wound up and there belng a deficiency in net assets. 16
Charity Registration No. 111143 1 Company Registration No. 5349267 (England & Wales) Bishop Cornish Education Centre Notes Continued (forming part of the financial statements) 13. Directors. Emoluments and Expenses The Dlrectors recelved no emoluments or expenses during the relevant perlod. 14. Contingent Liabilities There were no contingent liabilities at the balance sheet date. 15. Reserves In accordance with the reserves pollcy adopted by the Charity there was no specific reserve establlshed at 3 1 March 2025. All funds of the Charity are held in its bank accou nts and the Charlty malntalns sufficient funds In these accounts to provide resilience in the event of key rlsks materialislng. 17