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|---|---|---|---|
|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|
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|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||
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|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|
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11 May 2026
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21 May 2026
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|||||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
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|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|
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|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|
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|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|
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|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|
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|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|
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|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)||||
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|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|
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||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|
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|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|
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|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||||
##
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|||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|
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|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|
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|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)|
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||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|
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||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|