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