2025-08-30-accounts

		Page
Referenceand Administrative Details		to	2
Report of theTrustees	3	to	11
Report of the Independent Auditors	12	to	15
Statement of Financial Activities		16
Balance Sheet		17
Notes to the Financial Statements	18	to	31
Detailed Statement of Financial Activities	32	to	33

CHAIR	Mr R M Andrews
DIOCESAN DIRECTOR OF EDUCATION	Ms C Shoyer
AND SECRETARY TO THE BOARD
TREASURER	Mr R M Andrews
EXOFFICIO	Bishop M J Snow (Bishop of Leicester)
	Ven R V Worsfold (Archdeacon of Leicester) (resigned 9.10.25)
	Ven C Wood (Archdeacon Of Loughborough)
	Mr R J Trethewey (Archdeacon of Leicester) (appointed l. 12.25)
ELECTED BY DIOCESAN SYNOD	Revd Canon P O'Reilly	Revd J Hargreaves (resigned 5.9.25)
	Mr D G Jones	Revd D Cowie (resigned 8.I .25)
	Revd E Wilson Rev P Watson	Ms M Green (resigned 15.10.24) Revd A Hall (resigned 8. I .25)
	Revd Canon E L Davies	Ms T Jackson (appointed 8. I .25)
	Dr C T Spencer
	Ms E C Wayne-Hawker
	Ms A Leadbeater
	Mr L Blaylock
	Ms N O Boyce
CO-OPTED BY THE BOARD	Mr N J Bardsley
	Ms S Batstone
	Ms L J Hardy (appointed 8.1.25)
	Ms F Brooks (appointed 8. I .25)
BISHOP'S NOMINEES	Mr R M Andrews
	Mrs S H Holder (appointed 8. I .25)
	Canon S MAdshead (resigned 8.I .25)
REGISTERED OFFICE	St Martins House
	7 Peacock Lane
	Leicester
	Leicestershire
	LEI 5PZ
REGISTERED COMPANY NUMBER	08432843 (England and Wales)
REGISTERED CHARITY NUMBER	1151692
AUDITORS	TC Group
	31 High View Close
	Hamilton Office Park
	Leicester
	Leicestershire
	LE4 91J

The total value of the assets held as custodian trustee is E91 ,131 (2024:	±87,349) and relate tothe following org	anisation
	2025	2024
St Nicholas House Education Foundation
Hugglescote RE Fund	12,227	I ,672
Walcote RE Fund	29,043	27726
Hoby School Fund	10,000	10,000
Syston Junior RE Fund	3,949	3,562
Syston Infant RE Fund	27,232	25.997
StonyStantonJunior School RE Fund	992	947
Syston Junior RE Fund (Shares)	7,688	7,445
	91,131	87 ,349

11 May 2026

21 May 2026

				2025	2024
		Unrestricted	Endowment	Total	Total
		fund	fund	funds	funds
	Notes
INCOME AND ENDOWMENTS FROM
Donationsand legacies	3	223,099	552	223,651	379 ,746
Charitable activities	6
Admission appeal costs		4,950		4,950	10,050
Otherincome		14,070		14,070	7,233
Partnershipagreement& courses		56,205		56,205	72,289
Other trading activities	4	25,190		25, 190	24,839
Investment income	5	25,305	102,777	128,082	142,757
Total		348,819	103,329	452, 148	636,914
EXPENDITURE ON
Charitable activities	7
Advice to and work with schools		128,779		128,779	138,568
Governance costs		4,941	14,822	19,763	14,491
Support costs		76,713	229,01 1	305,724	258,572
Other			5,000	5,000	149
Total		210,433	248,833	459,266	41 1,780
NET INCOME/(EXPENDITURE)		138,386	(145,504)	(7,118)	225, 134
Transfers betweenfunds		(144,419)	144,419
Other recognised gains/(losses)
Gains/(losses) on revaluation of fixed assets		(7,704)	(52,076)	(59,780)	181,097
Gains/(losses) on disposal of investmentproperty
			(300,000)	(300,000)
Net movementin funds		(13,737)	(353,161)	(366,898)	406,231
RECONCILIATION OF FUNDS
Total funds broughtforward		495,010
TOTAL FUNDS CARRIED FORWARD		48 1 ,273		3,794,419	4,161,317

11 May 2026

DONATIONS AND LEGACIES
	2025	2024
Donations	552	144,020
Grant from Leicester DBF	150, 128	70,489
Recharge to Derby DBE	72,971	65,237
	223,651	379,746

4.	OTHER TRADING ACTIVITIES
				2025	2024
	Rents received			25, 190	24,839
5.	INVESTMENT INCOME
				2025	2024
	Investment income			1 1 1,346	139,330
	Deposit account interest			16,736	3,427
				128,082	142,757
6.	INCOME FROM CHARITABLE ACTIVITIES
				2025	2024
		Activity
	Admission appeal costs	Admission appeal costs		4,950	10,050
	Otherincome	Other income		14,070	7,233
	Partnershipagreement &
	course	Partnershipagreement & courses		56,205	72,289
				75,225	89,572
	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 8)	Totals
	Advice to and work with schools		128,779		128,779
	Governance costs			19,763	19,763
	Support costs		377	305,347	305,724
			129,156	325,110	454,266

SUPPORT COSTS
				Governance
	Management		Other	costs	Totals
Governance costs				19,763	19,763
Support costs	305,	58	189		305,347
	305,	158	189	19,763	325,1 IO

Netincome/(expenditure) is stated after charging/(crediting	):
	2025	2024
Auditors' remuneration	11,551	10,500
Depreciation - owned assets	I ,352	2, 155
Deficit on disposal of fixed assets	5,000	39

STAFF COSTS
	2025	2024
Wages and salaries	219,693	180,033
Social security costs	14,599	14,836
Other pension costs	48,045	40,400
	282,337	235,269
The average monthly number of employeesduring the yearwas as follows:
	2025	2024
Administration and support	4	4

COMPARATIVES FOR THE STATEMENT OF FINANCIAL A	CTIVITIES
	Unrestricted	Endowment	Total
	fund	fund	funds
INCOME AND ENDOWMENTS FROM
Donationsand legacies	235,726	144,020	379,746
Charitable activities
Admission appeal costs	10,050		10,050
Other income	7,233		7,233
Partnership agreement & courses	72,289		72,289
Other trading activities	24,839		24,839
Investment income	24,849	117,908	142,757
Total	374,986	26 1 *928	636,914
EXPENDITURE ON
Charitable activities
Advice to and work with schools	138,568		138,568
Governance costs	3,623	10,868	14,491
Supportcosts	64,531	194,041	258,572
Other	149		149
Total	206,871	204,909	41 1,780
NET INCOME	168,115	57,019	225, 134
Transfers between funds	(94,662)	94,662
Other recognised gains/(losses)

12.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	-	continued
			Unrestricted	Endowment	Total
			fund	fund	funds
					f,
	Gains on revaluation of fixed assets		26,650	154,447	181,097
	Net movementin funds		100, 103	306, 128	406231
	RECONCILIATION OF FUNDS
	Total funds broughtforward		394,906		3,755,086
	TOTAL FUNDS CARRIED FORWARD		495,009
13.	TANGIBLE FIXED ASSETS
			Fixtures
			and	Computer
			fittings	equipment	Totals
	COST
	At I September2024		12,535	1.322	13,857
	Additions			1 ,249	1 ,249
	At 31 August 2025		12,535	2,571	15,106
	DEPRECIATION
	At I September2024		11,735	859	12,594
	Charge for year			552	I *352
	At 31 August 2025		12,535	1,411	13.946
	NET BOOKVALUE
	At 31 August 2025			1,160	1,160
	At 31 August 2024		800	463	1,263

	Investment	Unlisted
	properties	investments	Total
Cost or valuation
At 1 September2024	705,000	3,191,757	3,896,757
Additions at cost
Disposals	(305,000)		(305,000)
Revaluation adjustment	15,000	(59,699)	—CAé22)
At 31 August 2025	415,000	17,059	3,547,059
		2025	2024
Historical cost (unlisted investments only)			I,873.859

	2025	2024
CBF Investment Fund		2,785,153
Savills Property Fund	41 6,435	406,604
	3,177,059	3, 191 ,757

FAIR VALUE
At I September2024		705,000
Disposals		(305,000)
Revaluation		15,000
At 31 August 2025		415,000
NETBOOK VALUE
At 31 August 2025		415.000
At 31 August 2024		705,000
Fairvalue at 31 August 2025 is representedby:
		f.
Valuation in 2021		705,000
Valuation in 2025		(290,000)
		415,000
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
	2025	2024
Otherdebtors	21,915	21.303
	1,802	6,517
Prepayments and accrued income	22,338	572
	46,055	92,392
CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR
	2025	2024
Trade creditors	42,258	326,943
Social security and othertaxes	12,691	7,808
Other creditors	511,598	346,402
DFC funds	156,061
Accruals and deferred income	23,883	12,259
	746,491	839,881

ANALYSIS OF NETASSETS BETWEEN FU	NDS
			2025	2024
	Unrestricted	Endowment	Total	Total
	fund	fund	funds	funds
			f,
Fixed assets	1,160		1,160	I ,263
Investments	218,913	3,313,146	3,532,059	3,896,758
Current assets			1,007.691
Current liabilities	(746,491)		(746,491)	(839,881)
	481,273	3,313,146
MOVEMENTIN FUNDS
		Net	Transfers
		movement	between
	At 1.9.24	in funds	funds	31.8.25
Unrestricted funds
General fund	495,010	130,682	(144,419)	481 ,273
Endowment funds
Endowment fund		(497,580)	144,419
TOTAL FUNDS
Net movement in funds, included inthe above are as follows:
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds
General fund	348,819	(210,433)	(7,704)	130,682
Endowment funds
Endowment fund	103,329	(248,833)	(352,076)	(497,580)
TOTAL FUNDS	452, 148

		Net	Transfers
		movement	between
		in funds	funds	31.8.24
Unrestricted funds
General fund	394,906	194,766	(94,662)	495,010
Endowment funds
Endowment fund	3,360,180	21 1,465	94,662	3,666,307
TOTAL FUNDS	3,755,086	406,231

Comparative net movement in fun	ds, included in the above are	as follows:
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestrictedfunds
General fund	374,986	(206,870)	26,650	194,766
Endowment funds
Endowment fund	261,928	(204,910)	154,447	211,465
TOTAL FUNDS	636,914		181,097	406,231

The Baxter Hall property was transferredback to the Baxt	er Hall Trust inSeptember2024.
Other Foundations	Total 2025	Total2024
Gilmorton,EdwardChandler	3,977	4,077
Leicester, G A Robinson
Stoke Golding	452	432
Rev Towers Earl Shilton	47,073	46,303
Hathern, Old School House	68,880	65,755
	120,382	1 16,567

During theperiodthe followingamounts, werereceivable or (payable) by the	Board inrespect of	related partie
	2025	2024
LeicesterDiocesan Board of Finance in respect of grants receivable	150, 128	170,489
Leicester Diocesan Board of Finance in respect of contribution to costs	8,791	7,109
_Amountsdue to /(from) at the yearend amounted to	50	(3,530)

	2025	2024
INCOME AND ENDOWMENTS
Donations and legacies
Donations	552	144,020
Grant from Leicester DBF	150,128	70,489
Recharge to Derby DBE	72,971	65,237
	223,651	379,746
Other trading activities
Rents received	25,190	24,839
Investment income
Investment income	II 1,346	139,330
Deposit account interest	16,736	3,427
	128,082	142,757
Charitable activities
Admission appeal costs	4,950	10,050
Otherincome	14,070	7,233
Partnershipagreement & course	56,205	72,289
	75,225	89,572
Total incoming resources	452, 148	636,914
EXPENDITURE
Charitable activities
Advice to schools	129,156	138,568
Other
Loss on sale of investmentproperty	5,000
Support costs
Management
Wages	219,693	180,033
Social security	14,599	14,836
Pensions	48,045	40,400
Office costs	21 ,469	21,109
Fixturesand fittings	552	49
Computer equipment	800	2,106
Loss on sale of tangible fixed assets		39
	305, 158	258,572

	2025	2024
Management
Other
Repairs	189	149
Governance costs
Auditors' remuneration	11,551	10,500
Legal and professionalfees	8,212	3,991
	19763	1 4,491
Total resources expended	459,266	41 1,780
Net (expenditure)/income		225,134