Nottingham Roman Catholic Diocesan Education Service {A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2025 Prepared By Forrester Boyd Robson Ltd Statutory Auditor Waynflete House 139 Eastgate Louth Lincolnshire NoftlNGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE CONTENTS 01 Reference and Administrative Details 02 . 10 Trustees. Report 04 Strategic Report Independent Examiner's Report 12 - 14 NRCDES Our Year in Numbers 15 Statement of Financial Activities 16 Balance Sheet 17 Statement of Cash Flows 18 Notes to the Financial Statements NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE REFERENCE AND ADMINISTRATIVE DETAILS Trustees Right Reverend P J McKinney Rèverend S Gillespie Mrs J McQuillan Mrs L O'BriÈn Mrs S M Robson Mrs S Buller Icompany Secretary) Charity Re9islration Number 1149466 Company Registration Number 07713392 The charity is incorporated in England and Wales Registered Office The Diocesan Centre Mornington Crescent Mackworth Derby Derbyshire DE22 4BD Indepèndent Examiner Forrester Boyd Robson Ltd Independent Examiner5 Waynflete House 139 Eastgate Louth Lincolnshire LN11 gQQ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE I NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE TRUSTEES. REPORT The Trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors. report of the charitable company for the year ended 31 August 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charitable company's governing document. the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with theFinancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 2036). Objectives and activitie5 Objerts and aims The Charity is committed to challenging and supporting all of the schools in the Dioceseof Nottingham to becomegood and outstanding providers of Catholic education in collaboration {where appropriate) with the Catholic Multi-Academy Trusts established in September 2018. To this end the Charity IS active in providing practical support and advice, as well a5 monitoring and inspection Icanon 806 51, Code of Canon Lawl, as to the Catholic Life, Collective Worship and teaching of Religious Education in the Catholic schools within the Diocese of Nottingham. This support and monitoring is provided to ensure that Christ is at the centre of every Catholic school in the Diocese, and that each metnber of the school communities, whether pupils, students, staff, governors or parents. has the frequent opportunity to encounter the person of the Risen Christ. Further, 'those who are in charge of Catholic schools are to ensure under the watchfulness of the local Ordinary that the instruction which is given in them is, in its academic standards, at least as outstanding as that in other schools in the area, Icanon 806 52, Code of Canon Law). To this end, the Charity keep5 an overview as to each element of the academic achievement of the pupils and students in the Catholic schoo15 of the Diocese. The Charity will seek to broker or provide expertise across a range of skills such as business acumen, legal advice, financial management, human resource provision and administration in order to support this drive for School improvement across the Diocese (cf canon 800 52, Code of Canon Lawl. The Charity is particularly detemiined to play a pivotal role in supporting its schools serving the most disadvantaged communities of the Diocese in order to improve the life chances of pupils and students, and to raise the aspirations of their families, so that young people have the opportunities they need to enable them to achieve their God-given potential and to live life to the full. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 2 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE TRUSTEES. REPORT Strutegie5 for achieving objectives The Charity will continue to challenge traditional ways of thinking on how schools are run and what they should be like for pupi15 and students. The Charity will seek to achieve success and will challenge any low aspirations. The Charity will contribute to the following key success factorsin securing schoolimprovement and raising standard5= continuing to promote our distinctive Catholic virtues and ethos in our home, school and parish communities, placing Christ at the centre of all we do By helping to articulate a clear educational vision that champions the ability of all children to achieve their potential and has buy-in at all levels in school and which is clearly underpinned by our Catholic faith By encouraging the recruitment, retention and development of highly successful school leaders With a commitment to nurturing their own personal faith and professional development as leaders of Catholic communities By developing and supporting effective and robust goverrnance arrangement5 at all levels By promoting sound financial management skills and rigorously pursuing value for money wiihin an ethical framework By monitoring clearly defined aspirational and challenging targets and ensuring improvement in performance of all schools in collaboration with the Catholic Multi-Academy Trusts Establishing effective partnerships with key stakeholders, particularly with our outstanding schools The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake. Objertive£ strotegles dnd ortivitie5 SignifEcant arttvittes The principal objects of the Charity are specifically restricted to such charitable purposes a5 Ihe trustees in their absolute discretion, and under the direction of the Bishop of Nottingham Id canon 806, Code of Canon Lawl think lit including, but not limited to, the advancement of the mission of the Catholic Church through education and faith formation in the United Kingdom. Public benefit The Trustee5 confirm that they have complied with the requirements of sectioll 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Sociol investment pollcles The Charity aims to manage its cash balances to provide for the day to day working capital requirements of its operations, whilst protecting the real long-term value of any surplus cash balances against inflation. The Charity aims to spend the monies with which it is entrusted for the direct benefit of its service users as soon as is prudent. The Charity does not consider the investment of surplus funds as a primary activity, although ethical investments of surplus funds has been made during 2024-25. ANNUAL REPORT AND FINANCIAL STAfEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 3 NofriNGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE TRUSTEES. REPORT Strategic Report for the Year Ended 31 August 2025 The trustees, who are directors for the purposes of company law. present their strategic report for the year ended 31 August 2025, in compliance with s414C of the Companies Act 2(Xl6. Achievements and performance Catholic School Inspection (CSII The Director of Education has responsibility, delegated from the Bishop of Nottingham Icanon 806 51. Code of Canon Lawl for undertaking Catholic School Inspections. This national framework wa5 implemented from September, 2022. The inspection framework covers the Catholic Life and Mission of the school, the teaching of Religious Education. and Collective Wofship. Director/Governor Suppoit The Charity continues to support CMAT boards and local governing bodies on a range of matters by providing guidance and support where required. The Charily support5 Wlth recruitment of senior staff and io reserved posts, the appointment of foundation directors and governors, and advice on policies. admissions and appeals and staffing matters, among other things. Primary R.E. Adviser Primary Subject leaders and co-ordinators for Religious Education attend termly meetings and training sessions. The Charity continues to provide extensive training on the primary curriculum, Come and See, and other training and formation for teachers in Catholic schools-, this includes provision for RSE (relationships and sex education). Over the past year, the Primary RE Adviser has a150 undertaken additional training on secondary Religious Education which has included practical experience of planning and teaching RE lessons at secondary level. This is with a view to the Primary RE Adviser taking on an advisory role for secondary schools in the future. Headteachers. Retreat and Bishop's Day Conference These two popular annual events are alway5 well received and allow the Charity to support headteachers and senior staff as well as other school leaders in reflecting on their mission as leaders of Catholic schools. The Charity also supports the annual headteachers. conference which takès place in the Advent term each year. This has a focus on professional development and dialogue for headteachers. Lay Chaplaincy The Charity provides practical support and reso¥Jrces for the network of Lay Chaplain5 Wlthin the diocesan schools. Underpinning this are regular meetings for the CMAT Lead Lay Chaplains, hosted by the Charity, a number of annual inset days. and an annual relreat. Other Meetings The Director of Education or other designated NRCDES officers, attend a range of meetings with a number of organisations including the DfE. the CES and other dioceses. School Stsndards This continues to be an important area ol the Charity's work bijt is now undertaken in collaboration with the Catholic Multi-Academy Trusts. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 4 NOThINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE TRUSTEES. REPORT Strategic Report for the Year Ended 31 August 2025 Financial Review Over the reporting year the Board has made no further investments in long-term options, and has monitored cash flow levels to ensure sufficient liquidily in the currenl account for all day-to-day activities. It is anticipated thaL where necessary, money will be taken from the interest of the current invested reseNes to augment the shortfall in expendituie over income, occasioned by the maintenance of the schools, per-pupil levy at the same level as the previous year. The Board 15 mindful of ensuring that as much funding as possible remains within the schools and CMATS for their needs. Policy on reserve5 It is the policy of thè charitable company that unrestricted funds which have not been designated for a specific Use should be maintained at a level equivalent to six-months, expenditure. The Trustees consider that reserves at this level will ensure thaL in the event of a significant drop in funding, they will be able to continue the charitable company's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Investment poltcy and objertive Thè charitable company has invested £300,000 of it5 funds into the CCLA Catholic Investment Postfolio. The charitable company manages its cash by reviewing the short and medium-term requirements for funds, whilst allowing surplus ieserve funds to not only provide additional income through sound investment, but that such investment is in line with the Church's teachings and reflects ethical stands of financial management. This investment is undertaken in such a way as to ensure no damage is done to the day-to-day financial management of the charitable company. Plans for future periods Alms ond key objertives for future periods The Board aims to Continue the present operations of the Charity, ensuring that the Education Service is able to deliver the needs of the Bishop, and respond to the requests of the CMATS and school under 115 care, in a timely and appropriate manner. To thi5 end the Director, supported by the Board, will maintain vigilance over the upcoming developments in the educational landscape, ensuring las far as possible) that the 5hort- to medium- term future Provides opportunities for the Education Service to continue to fulfil its episcopal mandaie in 5UPPOrt of Catholic education in the East Midlands. The strategic report was approvE*d by the Trustees of the Charity on 12 March 2026 and signed on its behalf by: Right Reverend P J McKinney Trustee ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 5 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE TRUSTEES. REPORT Going concern The Board of Directors considers the NRCDES to be sufficiently financially stable to meet its obligations and continue its business for the foreseeable future. This view is based on the budget forecast5 for 2025 to 2026 and longer-term projection5 for following years. The NRCDES has appropriate levels of cash reserves and considers that income streams arè sufficiently secure to suggest that no uncertainty exists in this respect. For this reason, the Board of Directors continues to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the 90ing concern basis can be found in the Accounting Policies. Structure, governance and management Nature of governin9 document Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The trustees, who are also the directors for the purpose of company law, and who served during the year ar¢d up to the date of signature of the financial statements were.. Miss K M Cohoon (resigned 13" March 20251 Mr D Foskett (resigned 31, August 20251 Mrs A Gillespie Iresigned 17, Octobèr 20241 Rev S Gillespie Mr P G Mccole (resigned 17 October 20241 Rt Rev P J McKinney Mrs J McQuillan Mrs L M O'Brien Mrs S M Robson (appointed 1, September 20251 Recruitment ond appointment of tru5tee5 The management of the Charity is the responsibility of the trustees who are elected or co-opted under the terms of the Articles of Association. All new trustees are invited to meet with the Director of Education to be briefed on the work of the Charity and the role of the Board and its committees. They are provided with details of Board and Committee meetings including terms of reference and other documents, and the NRCDES Code of Conduct for Directors. Trustees ale provided with details of training sessions on governance and the role of trustees delivered either directly by the Charity or by partner organisations and are encouraged to attend. All trustees are required to declare their bu5iTTres5 interests annually. All trustees undertake to hold a DBS enhanced check irb line with diocesan policy. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 6 NOThINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE TRUSTEES. REPORT Arrongements fvr setting key management personnel remunerotion The Board of Directors ITru5teesl set the pay level for the Director of Education by reference to the salaries paid for similar jobs in other Catholic Dioceses. Levels of pay for other senior members of Staff are determined by ensuring a differential that recognises the differing levels of responsibility and accountability for each role. The Trustees. policy is to ensure parity within the pay scales in education, using the agreed CMAT pay scales to ensure parity within the Diocese of Nottingham. Orgonisationol structure The management of the Charity is the responsibility of the trustees who are appointed under the terms of the Articles of A550ciation. The Articles statè.. The number of Director5 Itrusteesl shall be not less than three but (unless otherwise determined by ordinary resolution) shall not be subject to any maximum. The number of Directors (Trustees) shall be not less than three but (unless otherwise determined by ordinary resolution) shall not be subject to any maximum. The first Directors ITrusteesl shall be those persons notified to Companies House as the first Directors 17rusteesl of the charity. Subject to Article 30llllcl, the Bishop of Nottingham shall be entitled (but not obliged) to appoint up to eight Directors (Trustees) of the Charity and at any time to remove his nominated Director5 (Tru5teesl from office. The Bishop of Nottingham shall be a Director ITrusleel appointed in accordance with Article 301111al. The Charity may by ordinary resolution appoint a person who is willing to act to be an additional Director ITrusteel or fill a vacancy provided he or she is recommended by not le5S than two thirds of the Directors ITru5teesl', and he or she would not be disqualified from acting under article 37. The appointment of a Director ITrusteel, whether by the Charity in general meeting or by the other Directors ITrusteesl, must not cause the number of Directors (Trustees) to exceed any number fixed as the maximum number of Directors (Trustees). A Director ITnJsteel shall cease to hold office if he or she resigns his or her office by notice to the Charity Ibut only if at least two Director5 ITrustees} will remain in office when the notice of resignation is to take effect). A Director ITrustee} shall cease to hold office if he or she is removed by the person or persons who appointed him or her. The Directors (Trustees) are responsible for the slralegic direction of the Charity. They review progress towards objectives and outcomes and approve major expenditure requests, set the budget for the following year, and set the staffing structure. To support them to carry out these responsibilities the Board have established committees with the following functions delegated to them by the Directors Itrusteesl.. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 7 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE TRUSTEES. REPORT Finance and Estates Committee Responsible for proposal of the Company Accounts and approval of the budget, monitoring financial performance, reviewing the f inancial control ProcedLtre5, reviewing Staff salaries. The Committee also oversees the annual allocation of capital funding in relation to school buildings (School Condition Allocation). Human Resources and Staffin9 Committee Responsible for the oversight and development of the staffing structure of the Charity, the development of relevant staffing policies,. pay awards and increments, and staff welfare. More recently, the Board has amalgamated the above committees into a single committee with the following functions delegated to it by the Directofs {Trusteesl= Finance and General Purposes Committee Responsible for proposal of the Company Accounts and approval of the budget, moniloring financial performance, reviewing the financial control Procedures, reviewing staff salaries. The Committee also oversees the development of the staffing structure of the Charity, the development of relevant staffing policies., pay award5 and increments, and staff welfare. The Committee also has delegated authority from the Trustees for agreeing policie5. monitoring the buildings used by the Charity, and any other function5 delegate to it in accordance with the Articles. Day to Day Management The Director of Education has overall executive responsibility for the day-to-day financial management of the Charity and has responsibility for ihe general managemenL leadership and development of the Charity supported by the Directors. The Director of Education meets regularly with the Diocesan Episcopal Wicar for Catholic Education and the staff team to review progress and performance and to develop strategic plans Catholic Education and the staff ieam to review progress and perlormance and io develop strategic plans to meet the evolving needs of the organisation which are submitted to the Board for its approval. Relationships with related parties The Charity will work in partnèrship with all schools and academies in the Diocese of Nottingham for the benefit of pupils and students in their care, for the benefit of all staff employed in the schools and CMATS and for the advancement of Catholic education and the Catholic faith. Financial instruments Objecttves ond policies The Charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the Charitys policies approved by the Board of Trustees, which provide written principles on the use of financial derivatives to manage these risks. The Charity does not Use derivative financial instruments for speculative purposes. Cash flow risk Interest bearing assetsand liabilities are held at fixed rate to ensurec8rtainty of cash flows. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 8 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE TRUSTEES. REPORT Credit risk The Charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The Charity'5 credit risk is primarily attributable to its trade receivable5. The amounts presented in the balance sheet are nel of allowances for doubtful receiv8bles. An allowance for impairment is made where there is an identified loss event which, based on previous experience. is evidence of a reduction in the recoverability of the cash flow5. The CTedit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The Charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. Liquidity risk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the Charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements. Funds held as custodian trustee on behalf of others Up until 31st March 2023, the Charity acted as intermediary agent on behalf of Catholic Diocesan schools and acadernies in respect of capital projects. therefore holding funds as a custodian. This arrangement ceased as from 1st April 2023, at which point the funds were devolved to the individual CMATS, under an agreed formula. A small retention is still being held, and is separately identifiable from those funds to which the Charity is entitled. This report has been prepared in accordance with the special provisions of Part 15 of ihe Companies Act 2006 relating to small companies. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 9 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE TRUSTEES. REPORT Statement of trustees, responsibilities The Trustees (who are also the directors of Nottingham Roman Catholic Diocesan Education Service for the purposes of company lawl are responsible for preparing the Tru5tees' report and the financial statements in accordance wiih applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel, including FRS 102 The Financial Reporting Standard applicable irtr the UK and Republic of Ireland.. Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless ihey are satisfied that they give a tyue and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expendilure, of the charitable company for that period. In preparing these linancial statements. the Trustees are required to: select 5Ultable accounting policies and apply them con5iStently,' obSe￿e the methods and principles in the Charities SORP.. make judgements and estimate5 that are reasonable and pnjdent.. state whether applicable accounling standards. comprising FRS 102 have been followed. subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basi5 unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial posltion of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. The annual report was approved by the Trustees of the Charity on 12 March 2026 and signed on its behalf by.. Right Reverend P J McKinney Trustee ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 10 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE Independent Examiner's Report to the trustees of Nottingham Roman Catholic Diocesan Education Service ('the Company ) I report to the Charity Trustees on my examination of the account50f the Company for the year ended 31 August 2025. Responsibilities and basis of report As the Charity's Trustees of the Company {and also its directors for the purposes of company lawl you are responsible for the preparation of the account5 in accerdance with the requirements of the Companies Act 2006 I'the 2(X)6 Act'l. 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 ol your Charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying Out my examination I have followed the Directions given by the Charity Commission under section 14515)Ibl of the 2011 Act. Independent examiner's Statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in Section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Institute of Chartered Accountants. which is one of the listed bodies. 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= accounting records were not kept in respect of Nottingham Roman Catholic Diocesan Education Service 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 the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lieland IFRS 10211. I have no concerns and have come across no other rnatters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounls to be reached. Adam Mi1150n ACA {Chartered Accountant) Institute of Chartered Accountants in England & Wales Waynf lete House, 139 Easlgate, Louth, Lincolnshire, LN119QQ 12 March 2026 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 11 Nottingham Roman Catholic Diocesan Education Service OUR YEAR IN NUMBERS 2024-2025 CATHOLIC SCHOOLS INSPECTION INSPECTORATE Numberof Insp¢¢dons OLrrsrANDING GOOD ADVENT 2024 11 LENT 2025 PENTECOST 2025 FNr INADEQUATE 13 PRIMARY INSPECTIONS £27.100.00 NRCDES COST OF UNDERTAKING CSI IN5PEcnoNS SECONDARY INSPECTIONS £2,441.98 NRCDES DIREcf INVOICING INDEPENDENT SCHOOL INDEPENDENT INSPECTION £16.800.00 CSI GRANT FROM CATHOUC EDUCATION SERVICE CSI INSPECTORS USED Advent 2024- Pentecost 2025 NorriNGHAM HEXHAM & NEWCASTLE INDEPENDENT 23 HALLAM LEEDS MIDDLESBROUGH WESTMINSTER ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 12 Nottingham Roman Catholic Diocesan Education Service GOVEFINOFIS • New Foundation Governor Appolntmènis 316 Total number of Foundation Governors 21 Range of training sessions offered to Foundation Governors 44 Number of individual sessions Number of hgur5 of training delivered for Foundation Governors 44 NRCOES Trnlhthy Pro9raMm* lor Loral Governors LOURDES PILGRIMAGE Total number of schools Total number of puplls 32 Total number of support staff 16 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 13 Nottingham Roman Catholic Diocesan Education Service Dlo<•s•n Ed*<•Ti¢tN 5•r¥iULIKY RFTRF_AT Tl DOMINICAN .hilAkM'. I)jl(Ir&n4 1)f Ik)p¢: E7JIUTORS OF IKIPF. (IN*7.￿j,lij IruAq{ Attendees tx)k41NICA 163 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 14 NOThINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE Statement of Financial Activities for the Year Ended 31 August 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2025 Note Income and Endowment5 from: Donation5 and legacies Charitable activities Other trading activities Investment income 1,000 547,722 44,121 14,780 1,000 547,722 44,121 14,780 Total income 607,623 607,623 Expenditure on= Raising funds Charitable activities 135,3681 1665,8711 135,3681 1665,8711 Total expenditure 1701,239) 1701,2391 Net movement in fund5 193,616) 193,6161 Reconciliation of funds Total funds brought forward Total funds carried forward 608,945 608,945 20 515,329 515,329 Unrestricted funds Total 2024 Note Income and Endowment5 from: Charitable activities Other trading activities Investment income 640,166 55,726 39,747 640,166 55,726 39,747 Total income 735,639 735.639 Expenditure on: Raising funds Charitable activities 143.8051 1683.3441 143,8051 1683,3441 Total expenditure 1727.1491 1727.1491 Net movement in funds 8.490 8.490 Reconciliation of funds Total funds brought forward Total funds carried forward 600,455 600.455 20 608,945 608.945 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 20. The notes on page5 18 to 28 forrll an integral part of these fi'nanclal statel￿nts. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 15 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE {Registration Number: 07713392) Balance Sheet as at 31 August 2025 2025 2024 Note Fixed assets Tangible assets 15 18,833 21,779 Current assets Debtor5 Investments Cash at bank and in hand 16 17 18 61,600 316,660 151,179 529,439 21,059 351,185 246,445 618,689 Creditors- Amounts falling due within one year Net current assets 19 132,9431 131,2531 496,496 587,166 Net a55ets 515,329 608,945 Funds of the charity. Unrestrirted income funds Unrestricted funds 515329 608.945 Total Funds 20 515,329 608,945 The financial statements on pages 12 to 25 were approved by the trustees. and authorised for issue on 12 March 2026 and signed on their behalf by.. Right Reverend P J McKinney Trustee The notes on page5 18 to 28 form an integral pèrt of these fina￿la1 statements. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 16 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE Statement of Cash Flows for the Year Ended 31 August 2025 2025 2024 Note Cash flows from operating activities Net cash lexpenditurellincome 193,6161 8,490 Adjustments to cash flows from non-cash items Depreciation Investment income 2,946 114,7801 {105,4501 2,467 139,7471 128,7901 Working capital adjustments Ilncreasel/decrease in debtors Increase/ldecreasel in creditors Net cash flows from operating activities 16 19 140,5411 1,420 32.678 16,332) 1144,5711 12,444} Cash flow5 from investing activities Interest receivable and similar income Purchase of tsngible fixed assets Movement in InvestTnent account balance 14.780 39,747 13,797) 36,4251 34,525 Net cash flows from investing activities Net decrease in cash and cash equivalents Cash and cash equivalents at 1 September Cash and cash equivalents at 31 August 49.305 1475) 195,2661 12,9191 246,445 249,364 151,179 246,445 All of the cash flows are derived from continuing operations during the above two periods. The notes on pages 18 to 28 form an inte9ral part of these financial statements. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 17 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 2025 I Charity status The charity is limited by guarantee, incorporated in England & Wales. and consequently does not have shale capital. Each of the trustee5 is liablè to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. The address of its iegistered office 15.. The Diocesan Centre Mornington Crescent Mackworth Derby Derbyshire DE22 4BD These financial statements cover the individual entity, Nottingham Roman Catholic Diocesan Education Service. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial staternent5 are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities-. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance wilh the Finarbcial Reporting Standard appliCab￿e in the UK and Republic of Ireland IFRS 10211 li5sued in October 20191 (Charitie5 SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Basis of preparation Nottingham Fioman Catholic Diocesan Education Service meets the d@finition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. These financial statements are prepared in sterling. which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest pound. Goin9 concern The trustees consider that there are no material uncertainties about the charity's ability to continue 35 a going concem nor any significant aieas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments All irbcome is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donations ond legacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those condilions are fully met, or the fulfilmenl of those conditions 15 wholly within the control of the charity and it Is probable that these conditions will be fulfilled in the reporting period. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 18 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 202S Deferred income Deferred income represents amounts received foi future periods and is released to incoming resources in the period for which, it has been received. Such income is or¢ly deferred when.. The donor specifies that the grant or donation must only be used in future accounting periods., or The donor has imposed condition5 which must be met before the charity has unconditional entitlement. Investment income Dividend5 are recognised once the dividend has been dèclared and notification has been received of the dividend due. Expenditure All expenditure is recognised once there is a legal Or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading ihat aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Roising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise fund5. Chttritoble activities Charitable expenditure comprises those costs incuried by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activitie5 and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity Cost categories on a basis consistent with the use of resources, for example, allocating property Costs by flocr areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit. strategic management and trustees me?tings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £500.00 or more are initially recorded at cost. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 19 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 2025 Depreciation and amortisation Depreciation is provided on tangible fixed a55ets 50 as to writÈ off the cost or valuation, less any estimate(J residual value. over their expected useful economic life as follows.. Asset class Leasehold improvements Fixtures and fittings Computer equipment Dépreciation method and rate 10 years straight lille 5 years straight line 5 years straight line Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost Using the effective interest method, less provision for impairment. A provision for the impèirment of trade debtor5 is established when there is objective evidence that ihe charity will not be able to collect all amount5 due according to the original terms of the receivable5. Cash and cash equivalents Cash and cash equivalents comprise cash Dn hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary couise of business from suppli@rs. Accounts payable are classified as current liabililies if the charity does not have an unconditional right. at the end of the reporting period, to defer settlement of the creditor foT at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented a5 non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Fund structure Unrestricted income funds are general funds that are availabl@ for use at the trustees discretion in furtherance of the objectives of the charity. 3 Income from donations and legacies Unrestricted funds General Total 2025 Total 2024 Donations and legacie5,' Donations from individuals 1,000 1,000 1,000 1,000 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 20 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 2025 4 Income from charitable activities Unrestricted funds General Total 2025 Total 2024 Income from appeals School contributions Administration and support Grant- NRCDT 47,302 439,884 1,954 39,315 17,342 1.925 547,722 47,302 439,884 1,954 39,315 17,342 1,925 56,855 424,528 1,954 124,498 27,800 4.531 Inspections - section 48 grant Other income 547,722 640,166 5 Income from other trading activities Unrestricted funds General Totsl 2025 Total 2024 Events income.. Events income Property rental income Other income from other trading activities 43,062 43,062 848 45.354 1,207 9,165 55,726 211 211 44,121 44,121 6 Investment income Unrestricted funds General Total 2025 Total 2024 Interest receivable and similar income,. Interest receivable on bank deposits Other income from other trading activities 1,048 13,732 1,048 3,323 36,424 39,747 13,732 14,780 14,780 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 21 NOThINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 2025 7 Expenditure on raising funds a) Costs of trading activities Unrestricted funds General Total 2025 Total 2024 Note Costs of goods sold Events and conferences 138 35,230 138 35,230 35 368 412 43,393 8 Expenditure on charitable activitie5 Activity undertaken directly Activity support costs 2025 2024 Staff costs Depreciaiion and impairment Consultancy and costs Appeal costs Repairs and maintenance Cleaning Computer cost5 CES levy Catering Courses and staff travel Bank charges Rates. insurance, heat and light Postage and stationery Telephone Governance costs Legal fees CMATS and chaplaincy Hospitality Governor training Bad debts written off 417,357 2,946 64,621 39,153 417,357 2,946 64.621 39,153 10,242 6,498 16.469 15,520 492 417,370 2,467 60,506 49,246 13,990 6,021 15.030 46,749 550 10,242 6,498 16,469 15,520 492 15,648 330 17,656 4,333 6,206 4,470 15,648 330 19,919 450 17,656 4,333 1S.130 10,591 6,483 4,284 7,854 400 250 60S4 6,206 4.470 4.074 1.500 447 17291 38,638 4,074 1,500 447 17291 38,638 528,151 137,720 665,871 683,344 In addition to the analysis above. governance costs totalling £4,470 12024 £4,284) which. relate to charitable activities are analysed in note 9. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 22 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 2025 9 Analysis of governance and support costs Governance costs Unrestricted funds General Total 2025 Total 2024 Independent examiner fees Examination of the financial statements Other fees paid to examiners 3,850 620 3.850 620 3,702 582 4.470 4.470 4,284 10 Net incomingloutgoing resource5 Net loutgoingiiincoming resources for the year include: 2025 2024 Depreciation of fixed a5setS Independent examination 2,946 3,850 2,467 3,702 11 Trustees remuneration and expenses No trustee5, nor arby persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 12 Staff costs The aggregate payroll cost5 were as follows.. 2025 2024 Staff costs during the year were: Wages and salaries Social security cost5 Pension costs 323,565 22.783 71,009 417.357 318,353 36.401 417,370 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 23 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 2025 The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows- 2025 No 2024 No Headcount 812024 - 61 of the above employees participated in the Defined Contribution Pension Schetne5. Contributions to the employee pension schemes for the year totalled £71.009 12024 - £62,616). The rbumber of employees whose emoluments fell within the following bands wa5- 2024 £70,001 - £80,CKJo £100,001 £110,000 The total employee benefits of the key management personnel of the Charity were £267,46512024 £225,5101. 13 Independent examiner's remuneration 2025 No 2024 No Examination of the financial statements 3,850 3,702 14 Taxation The charity is a registered charity and is therefore exempt from taxation. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 24 NoftlNGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 2025 15 Tangible fixed assets Leasehold improvements Fixtures and fittings Computer equipment Total Cost At 1 September 2024 At 31 August 2025 34,175 34,175 8,611 8.611 24,836 24,836 67,622 67,622 Depreciation At I September 2024 Charge for the year At 31 August 2025 18,700 1,736 20,436 7,534 251 19,609 959 45,843 2,946 48,789 7,785 20,568 Net book value At 31 August 2025 13,739 826 4,268 18,833 At 31 August 2024 15,475 1,077 5,227 21.779 16 Debtors 2025 2024 Trade debtors Prepayments Accrued income Othei debtors Provision for bad debt5 19,475 10,131 31,994 38,638 138,6381 61,600 3,685 9,974 7,400 21.059 17 Current asset investments 2025 2024 Investment account 316.660 351,185 18 Cash and cash equivalents 2025 2024 Cash at bank 151,179 246,445 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 25 NOThINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 2025 19 Creditors- amounts falling due within one year 2025 2024 Trade creditors Other taxation and social security Other creditors Pension scheme creditor Accruals 3,220 17,631 36 8,352 3,704 32,943 1,645 7,883 6,368 11,753 3.874 31,523 20 Funds Balance at 1 September 2024 Incoming resources Resources expended Balance at 31 August 2025 Unrestricted funds Generol General funds 608 945 607.623 701239 515,329 Balance at 1 September 2023 Incoming resources Resources expended Balance at 31 August 2024 Unrestricted funds General General funds 600.455 720,149 1711,6591 608,945 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 26 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 2025 21 Analysi5 Of net assets between funds Unrestricted funds General Total funds at 31 August 2025 Tangible fixed assets Current assets Current liabilities Provisions 18,833 568,077 132,9431 138,6381 515,329 18,833 568,077 132,9431 138,6381 515,329 Total net assets Unrestricted fund5 General Total funds at 31 Au9USt 2024 Tar)gible f ixed assets Current assets Current liabilities 21.779 618,689 131,5231 608,945 21.779 618,689 131.523) 608,945 Total net assets 22 Analysis of net funds At 1 September 2024 At 31 Augusl 2025 Financing cash flows Change5 in market value Cash at bank and in hand Current asset invesiments Net debt 246,445 351.185 597,630 195,2661 130,0001 (125,2661 151,179 316,660 467,839 14,5251 14,5251 At I September 2023 At 31 August 2024 Financing cash flows Change5 in market value Cash at bank and in hand Current asset investments 249.364 314,761 564.125 12,9191 246,445 351,185 597,630 36.424 36,424 Net debt 12,9191 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 27 NOTTINGHAM ROMAN CATHOLIC DIOCESAN EDUCATION SERVICE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 2025 23 Related party transactions During the year the charity made the following related party transactions: Noltingham Roman Catholic Diocesan Trustees INRCDr) INRCDT collaborates with the N RCDES on various joint diocesan project5, as well as providing some services to the NRCDES. Bishop P McKinney (Trusteel 15 also 8 Trustee of NRCDTI. During the year. the Charity received grant income of £39,3 T5 12024'.£109,0081 from NRCDT for the advice and direction as outlined above. At the balance sheet date the amount due to/from Nottingham Roman Catholic Diocesan Trustees IN RCDTI was £Nil12024 - £Nil}. Catholic Multi Academy Trusts ICMATs} There are three CMATS that receive at cost services relating to the Catholic Life of the Trust and its Academies from the NRCDES which Cannot be provided by any other provider. Bishop P McKinney, L O'Brien and Father S Gillespie are all Members of all of the CMATS. During the year, the Charity incurred the following specific transactions with the related parties- Our Lady of Lourde5 Catholic Multi Academy Trust IOLOLCMATI St Ralph Sherwin Catholic Multi Academy Trust ISRSCMATI St Thomas Aquinas Cathcilic Multi Academy Trust ISTACMATI CMAT Income Expenditure Amount due Itollfrom CMAT at 31 August 2025 Our Lady of Lourdes Schools, Contribution.. £190,620 Sales.. £nil Inspections. £nil Hire of Hall.. £nil Courses.. £19,000 £nil St Ralph Sherwin Schools, Conlribution.. £176,61 Q Sales= £nil Inspeitior15'. £nil Hire of Hall.. £446 Courses.. £1 1,500 £38,635 St Thomas Aquinas Schools, Contribution: £128,820 Sales.. £nil Inspections.. £nil Hire of Hall.. £nil Course5." £9,925 There is a provision in the accounts for the loan to SRSCMAT owing to the likelihood of repayment for the full balance ol the loan. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2025 PAGE 28