Registered charity number: 1157532 

## **ST. EDMUNDS SOCIETY** 

## **TRUSTEES' REPORT AND AUDITED FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 AUGUST 2025** 



## **ST. EDMUNDS SOCIETY** 

## **CONTENTS** 

||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 6|
|**Independent Auditor's Report on the Financial Statements**|7 - 9|
|**Statement of Financial Activities**|10|
|**Balance Sheet**|11|
|**Statement of Cash Flows**|12|
|**Notes to the Financial Statements**|13 - 29|





## **ST. EDMUNDS SOCIETY** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Trustees** 

**Chief executive officer** 

D Fullman, Chair Ms A Campbell D Heywood (resigned 30 September 2025) Ms H Shirley C D Abbott (resigned 30 September 2025) Ms J Brociek-Coulton Dr K Maguire Joe Crossley 

**Patrons** The Countess of Leicester Cllr. D Fullman 

**Key management personnel** Serena Davenport - Director of Education & Delivery Rebecca Jordan - Director of Pastoral & Partnerships Heidi Duhig - Fundraising Manager **Charity registered number** 1157532 **Principal address** Fullman House 114-118 Oak Street Norwich NR3 3BP 

**Independent auditors** TC Group Statutory Auditor Waverley House 115-119 Holdenhurst Road Bournemouth BH8 8DY **Bankers** National Westminister Bank 1 Surrey Street Norwich NR1 3NW 

1 



**ST. EDMUNDS SOCIETY** 

## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025** 

The Trustees present their report with the financial statements of the Charity for the year ended 31st August 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement Of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

## **Objectives and activities** 

As an alternative provider of education, the Charity's objectives are to promote social inclusion, vocational training, and potential employment opportunities for the public benefit by working with young people throughout Norfolk and East Anglia aged 11-25 who are struggling with, are excluded from mainstream education, or who have found difficulties in achieving through traditional routes. 

The relationship with East Coast College has continued to develop with the introduction of a January cohort in addition to our successful September one.  Unfortunately, at the same time whilst the demand from schools has increased budget constraints mean the number of school students that have been able to take advantage of our service has fallen.  This is a concern as this could lead to an increase of post 16 students who are classified as NEET (Not in education, employment or training) or even a higher level of students excluded from mainstream education. 

Through donations received from our generous sponsors we have expanded our capacity both in terms of facilities, staffing and course approach. This has resulted in increased success in course outcomes including attainment of English and Maths. The summer club has run successfully for a second year allowing students to have a tester session of the courses and support on offer. 

## **Public benefit** 

The Trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit when planning and reviewing the Charity's aims and objectives and in future planning. 

The Trustees are pleased to report that the relationship with East Coast College has continued to bring financial stability to the Charity, and whilst still struggling with the chronic underfunding for the alternative education sector this has been offset by the help and support of our backers. Many organisations are seeing the benefit St.Eds brings to society with the number of students continuing onto formal apprenticeships or more formal training continuing to increase. 

## **Achievement and performance** 

## **Charitable activities** 

We have consolidated our relationship with East Coast College and, where budget constraints allow, local schools to help and support the students. The structured fundraising approach has continued to develop allowing us to maintain our services with the help and support of our donors. 

## **Financial review** 

The gap between the funds needed to provide the service to our beneficiaries and the income we earned from providing it continues to grow. The unwavering support of sponsors and backers allows us to bridge this gap but this is also under pressure with the current economic position. We are managing to continue both service and building improvements with the project-specific support from our backers and with the development of more efficient working practises. 

## **Financial position** 

Within the general fund, income amounted to £1,538,549 (2024 - £1,453,055) and expenditure amounted to £1,534,408 (2024 - £1,397,354), resulting in net income of £4,141 (2024 - £55,701). At the year end the unrestricted funds were £6,288 (2024 - £2,147). Income within the restricted funds totalled £236,754 (2024 - £67,389) and expenditure amounted to £228,090 (2024 - £122,276), resulting in net income of £8,664 (2024 - £54,887 net expenditure). At the year end, restricted funds were £121,152 (2024 - £112,488). 

Total funds of the charity at the year end were £127,440 (2024 - £114,635). 

2 



**ST. EDMUNDS SOCIETY** 

## **TRUSTEES’ REPORT (continued)** 

## **Principal funding sources** 

The principal source of funding during the period was income from East Coast College; schools and similar educational and training organisations for the provision of the Centre's services; donations and grants. 

## **Investment policy and objectives** 

It is the policy of the Trustees to place funds on bank deposit where possible. 

## **Fundraising** 

The Society employs a dedicated Fundraising Manager whose total employment cost is approximately £45,000 per annum. During the 2024/25 financial year, fundraising activity secured £352,552 through a combination of restricted grants, unrestricted income, and donated goods and materials. 

The Trustees regard fundraising as a key strategic function that enables the Society to deliver and develop its charitable activities whilst maintaining the facilities and resources required to support students effectively. The return achieved during the year demonstrates the value of maintaining professional fundraising capacity within the organisation. 

The Fundraising Manager works to an agreed fundraising strategy that is aligned with the Society's operational requirements and long-term objectives. Funding applications and donor engagement activities are targeted towards identified priorities, including staffing costs, programme delivery, student support services, building maintenance, compliance requirements, and the ongoing development of the Centre and its facilities. 

The fundraising strategy also seeks to secure an appropriate balance between restricted project funding and unrestricted income, thereby supporting both the immediate needs of beneficiaries and the longterm financial sustainability of the Society. 

The Trustees are grateful for the continued support of grant-making trusts, foundations, donors, and community partners whose contributions have enabled the Society to continue delivering significant benefits to students and the wider community throughout the year. 

## **Reserves policy** 

The Trustees have adopted a reserves policy that seeks to maintain unrestricted reserves equivalent to approximately three months of operating expenditure. This level of reserves is considered appropriate to provide financial resilience, manage unforeseen circumstances, and support the continued delivery of the Society's charitable objectives. 

During the year, the Trustees took a strategic decision to prioritise investment in the Society's facilities and infrastructure. Significant resources were directed towards essential health and safety works, safeguarding improvements, compliance-related requirements, and a range of capital and operational enhancements designed to improve the quality, accessibility, and functionality of the Centre. 

These investments have strengthened the Society's ability to provide a safe, welcoming, and engaging environment for students and visitors, whilst ensuring that the Centre remains fit for purpose for current and future generations of beneficiaries. The improvements have also enhanced the Centre's capacity to support student wellbeing, community engagement, learning, and personal development. 

Whilst this planned programme of investment has moderated the rate at which unrestricted reserves have grown during the year, the Trustees believe that these expenditures represent a responsible and sustainable use of charitable funds, delivering both immediate and long-term benefits to beneficiaries. The Trustees remain committed to achieving their reserves target and have incorporated reservebuilding objectives into the Society's financial planning. Through continued growth in fundraising income, careful financial management, and prudent budgeting, the Society is now actively working towards building unrestricted reserves to the equivalent of three months' operating expenditure over the medium term. 

3 



## **ST. EDMUNDS SOCIETY** 

## **TRUSTEES’ REPORT (continued)** 

## **Going concern** 

The income earned from East Coast College, the local schools and our sponsors and backers underpins the business plan of St.Eds. The Trustees have reviewed the information outlined within Note 1 of the Accounting policies, Going Concern. Based on information identified in the note and their review the Trustees believe this shows the charity is viable as a going concern but needs to remain vigilant in the way it spends scarce resources and to take every opportunity it has to raise funds. 

## **Future plans** 

The governance modernisation is drawing to a conclusion and the funding strategy is allowing us to target the specific resources we need, both material and personnel. The Charity will continue this strategy to allow it to target the increasingly smaller donations sector to bridge the funding gap it has. 

The plan is to continue developing strong working relationships with East Coast College and other parts of the educational and training sectors and to strengthen our relationship with local employers to continue reducing the number of young people not in education, employment, or training. 

The need for the services provided by St.Eds continues to grow and the Trustees are starting to look at the longer term goal of  expanding service provision in Norwich and the wider community. This can only happen with the continued support of our backers, the development of new sponsors and realistic funding from the statutory sector for alternative education. 

## **Structure, governance, and management** 

## **Governing document** 

St Edmunds Society (St Eds) is a registered CIO, registered on 18 June 2014, number 1157532. The CIO commenced operations on 1 April 2015 following the transfer of assets and activities on that date from the unincorporated entity of the same name, St Edmunds Society, Charity number 255461, which was constituted under a conveyance and declaration of Trust in December 1970, and was registered with the Charity Commission on 9 April 1968. 

## **Recruitment and appointment of new Trustees** 

In looking for new Trustees, the Trustees bear in mind the experience and qualifications of possible candidates. Successful candidates are elected by a meeting of the existing Trustees. Now that finance and governance have been reviewed it is the Trustees’ intention to expand the membership of the Board. 

All Trustees will be provided with: 

- The Constitution of the CIO 

- The latest accounts of the Charity 

and are encouraged to read Charity Commission guidance notes CC3 - "The Essential Trustee - What you need to know, what you need to do". 

In addition, Trustees are encouraged to read Charity Commission and other newsletters and to attend courses to keep them abreast of their duties and responsibilities. 

## **Organisational structure** 

The Trustees meet every quarter, with key management in attendance. The Trustees are responsible for the strategic direction and policy of the Charity, as well as being accountable for its operational performance and compliance requirements. At present the Trustees consist of five members from a variety of professional backgrounds and experiences of senior management positions in other organisations. 

4 



## **ST. EDMUNDS SOCIETY** 

## **TRUSTEES’ REPORT (continued)** 

The new corporate governance framework has produced a clear segregation of duties with responsibility for the provision of services and day to day activities lying with the CEO and senior management team. The CEO is responsible for ensuring that the Charity delivers the services specified, raises the necessary donations and that key performance indicators are met. The senior management team is responsible  for the day to day operational management of the Charity, the pastoral care of the beneficiaries, fundraising activities, individual supervision of the staff team, and also ensuring that the team continues to develop their skills and working processes in line with good practice. 

To provide the Charity and key management with the support and control required, the Chair and other Trustees have continued, at a lower level, to engage more closely with the Charity, with the Chair focussing on management and future plans, the Treasurer focusing on financial and legal matters and other Trustees focusing on operational performance improvement and control. 

## **Key management remuneration** 

Key management consists of the CEO and the Senior Management Team. Key management are remunerated based on the market and the Charity's financial condition. 

## **Risk management** 

The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have established an Audit and Risk Sub-committee with clearly defined Terms of Reference along with strategic and operational risk registers. 

Internal control risks have been minimised by the implementation of procedures for authorisation of transactions, the introduction of a formal and clearly defined scheme of delegation and a formal approach to service development and opportunities. 

The Chief Executive, Senior Management Team and the Trustees are aware of the Charity's ongoing financial condition, which, whilst improving due to increased efficiencies along with better project, and transactional controls, still needs close review like all organisations in the sector. 

## **Principal Risks and Uncertainties** 

The management of the Charity and the execution of its strategy are subject to a number of risks and uncertainties. The financial risks are set out in the notes above with the principal business risk being the short-term nature of its funding streams, being linked to one academic year, and the need to fund the shortfall between the cost of providing the services to the required standard and the funding received for each placement. This funding gap is filled by donations and the Charity is managing these risks through a programme of structured fundraising, the appointment of a fundraising manager, the use of fundraising professionals and donation requests as well as developing relationships with other educational establishments. 

The key operational risk specific to the Charity remains the ability to create a safe working environment for both the students and staff which is able to deliver high quality study programmes. The Charity manages these through a series of initiatives and evidence-based decision making which are managed by the senior management team and the Trustees. 

The Trustees remain confident that these and other risks can be mitigated via the Charity’s historic presence, its ability to change and adapt, the support provided by its sponsors and its commitment to providing the services to the students. 

## **Related Parties** 

The related parties transactions are disclosed in note 19 of the accounts. 

## **Auditors** 

The auditors, TC Group were appointed during the year and have expressed their willingness to continue in that capacity. 

5 



## **ST. EDMUNDS SOCIETY** 

## **TRUSTEES’ REPORT (continued)** 

## **Trustees' responsibilities statement** 

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. 

In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP 2019 (FRS 102); 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

> Approved by order of the board of trustees on 10/06/2026 and signed on its behalf by: 


D Fullman - Trustee 

6 



**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ST. EDMUNDS SOCIETY** 

## **Opinion** 

We have audited the financial statements of St. Edmunds Society (the 'charity') for the year ended 31st August 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 

In our opinion the financial statements: 

- give a true and fair view of the state of the charity's affairs as at 31st August 2025 and of its incoming resources and application of resources, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and 

- have been prepared in accordance with the requirements of the Charities Act 2011. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard. 

7 



**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ST. EDMUNDS SOCIETY** 

## **Matters on which we are required to report by exception** 

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: 

- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or 

- sufficient accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. 

## **Our responsibilities for the audit of the financial statements** 

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion.  Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

We have performed our own assessment of the susceptibility of the financial statements to material misstatement, including how fraud might occur, and concentrated our audit work in these areas in order to detect any material misstatements which may exist. 

We have performed substantive testing of all material year end balances, and also performed substantive testing of a sample of other transactions during the year and of other year end balances. 

We have performed preliminary analytical procedures to identify any unusual or unexpected relationships that may indicate an increased risk of material misstatement as a result of fraud. 

We have performed substantive testing on a sample of journal entries made in the period in order to address the risk of fraud due to management override of controls. 

We had a planning meeting with trustees and management prior to performing the audit, to establish the laws and regulations which are significant to the charity, and to obtain an understanding of the chanty's policies and procedures to ensure compliance with these laws and regulations, including documentation of any instances of non-compliance. 

We had a planning meeting with trustees and management prior to performing the audit, to obtain an understanding of the charity's policies and procedures on fraud risk, including knowledge of any actual, suspected or alleged fraud, as well as considering management assessment of the susceptibility of the financial statements to fraud. 

We performed walk-through tests of income. purchases, payroll, and bank systems to ensure that systems operated as documented. 

8 



**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ST. EDMUNDS SOCIETY** 

The engagement team was selected to ensure that they collectively had the appropriate competences and capabilities to identify and recognise non-compliance with laws and regulations. We have communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. 

Our audit did not identify any matters relating to the detection of irregularities including fraud. 

However, because of the inherent limitations of an audit there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

## **Use of our report** 

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. 

Ian Rodd BSc FCA FCCA (Senior Statutory Auditor) For and on behalf of TC Group Statutory Auditor Waverley House 115-119 Holdenhurst Road BH8 8DY 

Date:  16 June 2026 

9 



## **ST. EDMUNDS SOCIETY** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025** 

|Note<br>**Income from:**<br>Donations and legacies<br>2<br>Charitable activities<br>3<br>Investments<br>4<br>**Total income**<br>**Expenditure:**<br>Expenditure on charitable activities<br>5<br>**Total expenditure**<br>**Net income**<br>Transfers between funds<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**Total funds carried forward**<br>14|**Unrestricted**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**Total Funds**<br>**2025**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>**£**<br>115,798<br>236,754<br>352,552<br>1,421,464<br>-<br>1,421,464<br>1,287<br>-<br>1,287<br>**1,538,549         236,754      1,775,303**<br>1,534,408<br>228,090<br>1,762,498<br>**1,534,408**<br>**228,090**<br>**1,762,498**<br>**4,141**<br>**8,664**<br>**12,805**<br>-<br>-<br>-<br>**4,141**<br>**8,664**<br>**12,805**<br>2,147<br>112,488<br>114,635<br>**6,288**<br>**121,152**<br>**127,440**|**Total Funds**<br>**2024**<br>**£**<br>146,619<br>1,372,716<br>1,109|
|---|---|---|
|||**1,520,444**|
|||1,519,630|
|||**1,519,630**|
|||**814**<br>-|
|||**814**|
|||113,821|
|||**114,635**|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

The notes on pages 13 to 29 form part of these financial statements 

10 



## **ST. EDMUNDS SOCIETY** 

## **BALANCE SHEET AS AT 31 AUGUST 2025** 

|**2025**<br>Note<br>**£**<br>**Fixed Assets**<br>Tangible assets<br>9<br>147,683<br>**Current assets**<br>Stocks<br>89,137<br>Debtors<br>10<br>23,294<br>Cash at bank and in hand<br>67,227<br>179,658<br>**Liabilities**<br>11<br>(158,556)<br>**Net current assets**<br>21,102<br>**Creditors**<br>**Amounts falling due after more than one year** 12<br>(41,345)<br>**Total net assets**<br>127,440<br>**The funds of the charity:**<br>Unrestricted funds<br>14<br>6,288<br>Restricted funds<br>14<br>121,152<br>**Total funds**<br>127,440<br>Creditors: amounts falling due<br>within one year|**2024**<br>**£**<br>164,503<br>74,373<br>3,862<br>51,731<br>129,966<br>(112,756)<br>17,210<br>(67,078)<br>114,635<br>2,147<br>112,488<br>114,635|**2024**<br>**£**<br>164,503<br>74,373<br>3,862<br>51,731<br>129,966<br>(112,756)<br>17,210<br>(67,078)<br>114,635<br>2,147<br>112,488<br>114,635|
|---|---|---|
||||
|||114,635|
|||2,147<br>112,488|
|||114,635|



The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. 

Approved by the trustees on 

## 10/06/2026 

…................................... 

and signed and authorised for issue on their behalf by: 


Chair of Trustees 

The notes on pages 13 to 29 form part of these financial statements 

11 



## **ST. EDMUNDS SOCIETY** 

## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025** 

|**Cash flows from operating activities:**<br>Net income for the year (as per Statement of Financial Activities)<br>**Adjustments for:**<br>Depreciation charges<br>Loss on disposal of fixed assets<br>Reversal of impairments<br>Interest received<br>Interest paid<br>Increase in stock<br>(Increase)/decrease in debtors<br>Increase/(decrease) in creditors<br>**Net cash provided by/(used in) operating activities**<br>**Cash flows from investing activities:**<br>Interest received<br>Purchase of tangible fixed assets<br>**Net cash used in investing activities**<br>**Cash flows from financing activities:**<br>Loan repayments in year<br>Interest paid<br>**Net cash used in financing activities**<br>**Change in cash and cash equivalents in the reporting period**<br>Cash and cash equivalents at the beginning of the period<br>**Cash and cash equivalents at the end of the reporting period**<br>**Analysis of cash and cash equivalents**<br>Cash in hand<br>Notice Deposits (less than 3 months)<br>Bank overdrafts|**2025**<br>**£**<br>12,805<br>49,914<br>2,435<br>-<br>(1,287)<br>6,741<br>(14,764)<br>(19,432)<br>34,276<br>70,688<br>1,287<br>(35,529)<br>(34,242)<br>(24,717)<br>(6,741)<br>(31,458)<br>4,988<br>10,151<br>15,139<br>**2025**<br>**£**<br>71<br>67,156<br>(52,088)<br>15,139|**2024**<br>**£**<br>814<br>41,621<br>-<br>(14,000)<br>(1,109)<br>15,518<br>(421)<br>10,660<br>(60,237)|
|---|---|---|
|||(7,154)|
|||1,109<br>(46,457)|
|||(45,348)|
|||(23,588)<br>(15,518)|
|||(39,106)|
|||(91,608)|
|||101,759<br>10,151|
|||**2024**<br>**£**<br>214<br>51,517<br>(41,580)|
|||10,151|



The notes on pages 13 to 29 form part of these financial statements 

12 



**ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **1 Accounting policies** 

## **General information** 

St. Edmunds Society is a Charitable Incorporated Organisation, registered in the United Kingdom under the Charities Act 2011. The registered office is Fullman House, 114-118 Oak Street, Norwich, NR3 3BP. 

## **1.1 Basis of preparation** 

The financial statements have been prepared in accordance with the relevant version of the Statement of Recommended Practice (SORP 2019) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice. 

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

St. Edmunds Society meets the definition 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. The financial statements are prepared under the historical cost convention in £ sterling, which is the functional currency of the charity, and rounded to the nearest £1. 

## **1.2 Going concern** 

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the following factors for the 12 months from authorising these financial statements in reaching their conclusion: 

- We have a positive financial forecast prepared up to 31 August 2026, which is made up of our three income streams of post 16 provision, under 16 provision and donations. 

- The over 16 contract provision is provided in partnership with East Coast College, like all providers in the sector the charity has a rolling annual contract for the period September to July each academic year. Whilst this does create an element of uncertainty the Trustees have no reason to believe that the contract will not be renewed for the 2025/26 academic year. The Trustees have also taken comfort from the fact they are providing a service in reducing the NEETS within Norfolk and that this target is also a government target. They also take further comfort from the experience from the 2023-24 academic year where their provider ceased trading. The Charity received strong political and ESFA support which allowed a new contract provider to be found. The Trustees therefore believe if the contract with East Coast College was to end they would experience a similar level of support to allow the service provision to continue with a different provider. 

13 



## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **1 Accounting policies (continued)** 

## **1.2 Going concern (continued)** 

- Donations have always been part of the diversified funding source that the Charity has used to fund its services. Whilst there is no doubt that current economic conditions will impact on some donations, the Trustees believe that the charity is now in a financial position to start applying for grants and donations that were not previously available to it. The engagement of a dedicated fundraising manager is also allowing the charity to follow a more proactive and service specific series of campaigns which underpin the service provision. 

- Cost base; the trustees monitor financial performance from the management accounts and forecast and as such are able to adapt their costs to the available income. This flexibility provides the Trustees with confidence that they are able to continue to operate. 

- Strong management team; The charity has a strong and experienced SMT with a proven track record of piloting the charity through various challenges and developments. The new operating structure and professionalisation of the team allows the charity to flex according to the funding available. 

- Positive Public Perception; The Charity enjoys a positive reputation in the community and with the various educational organisations. This is something that has strengthened over the past three years following the change of contract partners and the Trustees are not aware of any reasons why this will change. 

The Trustees therefore believe that there no material uncertainties exists and that the Charity will continue its operation for the foreseeable future. 

## **1.3 Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

14 



**ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **1 Accounting policies (continued)** 

## **1.4 Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income: 

- Income from grants, donations and gifts is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the Charity, are recognised when the Charity becomes unconditionally entitled to the grant. 

- Donated goods, services and facilities are measured at their fair value. The value of services provided by volunteers has not been included in these financial statements. 

- Investment income is included when receivable. 

- Income from grants, where related to performance and specific deliverables, is accounted for as the Charity earns the right to consideration by its performance. 

## **1.5 Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Charitable activities** 

Charitable activities comprise those costs incurred 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 activities and those costs of an indirect nature necessary to support them. 

## **Governance costs** 

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the Independent Examiners fees and costs linked to the strategic management of the Charity. 

## **Allocation and apportionment of costs** 

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. 

## **1.6 Taxation** 

The charity is considered to pass the tests set out in Paragraph 1 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. 

15 



**ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **1 Accounting policies (continued)** 

## **1.7 Tangible fixed assets and depreciation** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Land and buildings - over the period of the leases Motor vehicles -25% straight line Fixtures and fittings -25% straight line and 10% straight line Computer equipment -25% straight line 

## **1.8 Stock** 

Donated stocks are measured at their fair value. Purchased stocks are valued at the lower of cost and net realised value, after making due allowance for obsolete and slow moving items. 

## **1.9 Debtors** 

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **1.10 Cash at bank and in hand** 

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **1.11 Liabilities** 

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. 

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 

## **1.12 Financial instruments** 

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

16 



## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **1 Accounting policies (continued)** 

## **1.13 Operating leases** 

Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term. 

## **1.14 Pensions** 

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. 

## **1.15 Critical accounting estimates and areas of judgment** 

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

Critical accounting estimates and assumptions: 

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 

17 



## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)** 

## **2 Income from donation, grants and legacies** 

|**2 Income from donation, grants and legacies**||||
|---|---|---|---|
|**Unrestricted**<br>**Restricted**<br>**Total**<br>**2025**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>Donations<br>115,798<br>236,754<br>352,552<br>**Income from donation, grants and legacies (prior year)**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**2024**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Donations<br>79,230<br>67,389<br>146,619<br>**3 Income from charitable activities**<br>**Unrestricted**<br>**Unrestricted**<br>**2025**<br>**2024**<br>**Skills Centre**<br>**£**<br>**£**<br>Student income<br>1,235,378<br>1,176,481<br>Catering income<br>19,293<br>29,222<br>Outreach service<br>16,864<br>20,177<br>Hair & beauty<br>149,913<br>146,823<br>Subscriptions received<br>16<br>13<br>1,421,464<br>1,372,716<br>**4 Investment income**<br>**Unrestricted**<br>**Unrestricted**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>Deposit account interest<br>1,287<br>1,109<br>Included within unrestricted donations are donated goods that relate to various materials of £50,537 (2024 -<br>£37,821).|**Unrestricted**<br>**2025**<br>**£**<br>115,798|**Restricted**<br>**2025**<br>236,754|**Total**<br>**2025**<br>**£**<br>352,552|
|||**Unrestricted**<br>**2025**<br>**£**<br>1,235,378<br>19,293<br>16,864<br>149,913<br>16|**Unrestricted**<br>**2024**<br>**£**<br>1,176,481<br>29,222<br>20,177<br>146,823<br>13|
|||1,421,464|1,372,716|
|||**Unrestricted**<br>**2025**<br>**£**<br>1,287|**Unrestricted**<br>**2024**<br>**£**<br>1,109|



18 



## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)** 

## **5 Analysis of expenditure by activities** 

|**Analysis of expenditure by activities**||||
|---|---|---|---|
|Skills Centre<br>Skills Centre<br>**Analysis of direct costs**<br>Staff costs<br>Other staff costs<br>Student income management fees<br>Insurance<br>Postage, printing and stationary<br>Workshop running costs<br>Travel costs<br>Entertainment<br>Computer costs<br>Telephone<br>Subscriptions and licenses<br>Repairs and maintenance<br>Advertising<br>Premises costs<br>Bank charges<br>Interest payable<br>Impairment<br>Loss on disposal of fixed assets<br>Depreciation<br>**Analysis of support costs**<br>**Governance costs:**<br>Legal and professional fees<br>Audit and accountancy fees<br>Consultancy fees|**Direct costs **<br>**2025**<br>**£**<br>1,740,607|**Support costs**<br>**2025**<br>**£**<br>21,891|**Total**<br>**2025**<br>**£**<br>1,762,498|
||**Direct costs **<br>**2024**<br>**£**<br>1,466,225|**Support costs**<br>**2024**<br>**£**<br>53,405|**Total**<br>**2024**<br>**£**<br>1,519,630|
|||**2025**<br>**£**<br>1,133,704<br>4,999<br>225,617<br>19,925<br>11,711<br>112,504<br>7,179<br>2,539<br>10,604<br>13,386<br>10,866<br>38,614<br>313<br>87,440<br>2,116<br>6,741<br>-<br>2,435<br>49,914|**2024**<br>**£**<br>898,820<br>5,342<br>180,341<br>20,277<br>11,253<br>141,969<br>5,554<br>2,622<br>11,779<br>16,054<br>2,996<br>32,264<br>1,067<br>90,742<br>2,006<br>15,518<br>(14,000)<br>-<br>41,621|
|||1,740,607|1,466,225|
|||**2025**<br>**£**<br>2,876<br>13,349<br>5,666|**2024**<br>**£**<br>37,901<br>9,864<br>5,640|
|||21,891|53,405|



Of total expenditure £1,762,498 (2024: £1,519,630), £1,534,408 (2024: £1,397,356) is unrestricted and £228,090 (2024: £122,274) is restricted. 

19 



## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)** 

## **6 Auditors remuneration** 

|**Auditors remuneration**|||
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|Fees payable to the charity's auditor for the audit of the charity's annual|||
|accounts|7,500|5,760|



## **7 Staff costs** 

|**Staff costs**|||
|---|---|---|
|Wages and salaries<br>Social security costs<br>Pension costs<br>Employee benefits|**2025**<br>**£**<br>1,004,310<br>83,570<br>21,205<br>24,614|**2024**<br>**£**<br>841,865<br>62,369<br>17,944<br>17,206|
||1,133,699|939,384|



The average number of persons employed by the charity during the year was as follows: 

|Skills Centre & admin<br>CEO|**2025**<br>**No.**<br>44<br>1|**2024**<br>**No.**<br>37<br>1|
|---|---|---|
||45|38|



There were no employees who received emoluments in excess of £60,000 during the year (2024 - none). 

Key management personnel consisted of the CEO, Director of Education & Delivery, Director of Pastoral & Partnerships and the Fundraising Manager. Their remuneration and benefits (including employers pension contributions) amounted to £174,032  (2024 - £121,768). 

## **8 Trustees' remuneration and expenses** 

There were no Trustees' remuneration paid, benefits incurred or expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024. 

20 



## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 AUGUST 2025 (continued)** 

## **9 Tangible fixed assets** 

|**Cost or valuation**<br>At 1 September<br>2024<br>Additions<br>Disposals<br>**At 31 August 2025**<br>**Depreciation**<br>At 1 September<br>2024<br>Charge for the year<br>On disposal<br>**At 31 August 2025**<br>**Net book value**<br>At 31 August 2025<br>At 31 August 2024|**Short-term**<br>**Fixtures**<br>**Leasehold**<br>**Plant and**<br>**and**<br>**Motor**<br>**Computer**<br>**Improvements**<br>**machinery**<br>**fittings**<br>**Vehicles Equipment**<br>**£**<br>**£**<br>**£**<br>**£**<br>242,609<br>45,903<br>91,753<br>29,020<br>56,534<br>11,521<br>12,508<br>4,626<br>-<br>6,874<br>(36,420)<br>(176)<br>(39,614)<br>(500)<br>(10,364)<br>**217,710**<br>**58,235**<br>**56,765**<br>**28,520**<br>**53,044**<br>164,343<br>22,053<br>69,811<br>12,206<br>32,903<br>12,084<br>12,798<br>7,723<br>3,530<br>13,779<br>(36,420)<br>(131)<br>(38,901)<br>(323)<br>(8,864)<br>**140,007**<br>**34,720**<br>**38,633**<br>**15,413**<br>**37,818**<br>77,703<br>23,515<br>18,132<br>13,107<br>15,226<br>78,266<br>23,850<br>21,942<br>16,814<br>23,631|**Total**<br>**£**<br>465,819<br>35,529<br>(87,074)|
|---|---|---|
|||**414,274**|
|||301,316<br>49,914<br>(84,639)|
|||**266,591**|
|||147,683|
|||164,503|



21 



## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 AUGUST 2025 (continued)** 

## **10 Debtors** 

|Trade debtors<br>Reserve for bad debts<br>Prepayments and accrued income<br>**11**<br>**Creditors: amounts falling due within one year**<br>Bank loans and overdrafts (note 13)<br>Trade creditors<br>Other taxation and social security<br>Accruals<br>Other creditors<br>**12**<br>**Creditors: amounts falling due after one year**<br>Bank loans<br>**13**<br>**Loans**<br>An analysis of the maturity of loans is given below:<br>Amounts falling due within one year on demand:<br>Bank overdrafts<br>Bank loans<br>Amounts falling between one and two years<br>Bank loans<br>Amounts falling due between two and five years<br>Bank loans|**2025**<br>**£**<br>13,951<br>-<br>9,343|**2024**<br>**£**<br>53,955<br>(53,955)<br>3,862|
|---|---|---|
||23,294|3,862|
||**2025**<br>**£**<br>76,569<br>19,535<br>36,822<br>18,124<br>7,506|**2024**<br>**£**<br>65,045<br>12,401<br>15,550<br>15,004<br>4,756|
||158,556|112,756|
||**2025**<br>**£**<br>41,345|**2024**<br>**£**<br>67,078|
||**2025**<br>**£**<br>52,088<br>24,481|**2024**<br>**£**<br>41,580<br>23,465|
||76,569|65,045|
||17,136|23,982|
||24,209|43,096|



22 



## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 AUGUST 2025 (continued)** 

## **14 Funds summary** 

## **Statement of funds - current year** 

|**Unrestricted funds**<br>**General funds**<br>General funds<br>**Restricted funds**<br>**Total unrestricted funds**<br>Worshipful Company of Plumbers<br>Norfolk Infrastructure Fund<br>Nor Con Breakfast Club 2024-25<br>NCF Careers Hub 2024<br>NCF - Plumbing Area<br>NCF - Mechanics Lift<br>NCF -J P Blanche<br>NCF -J Blanche Tools<br>LotteryFeb25<br>Arnold Clark<br>Hedley Foundation<br>Norman Alderman Charity<br>Freemens April 2025<br>Freemens 2024<br>Easter Raffle April 2025<br>CSJ including Gift Aid Jan 2025<br>Crowdfunder<br>Clothmakers<br>Trustees of Dennis Right<br>John Lewis<br>Geoffrey Watling<br>Anguish Educational Foundation<br>The Norwich French Church Charity<br>A<br>Anguish (Welfare) £9,500<br>Norman Lamb (Welfare August)<br>Argent - Graduation day<br>Towergate - Graduation day<br>Lignacite - Graduation day<br>Graysons - Graduation day<br>Busseys - Graduation day<br>Tesco 2025<br>NCF - Electric car<br>JP Blanch August 2023<br>JP Blanch 2023<br>Clothmakers September 22<br>Anguish Student enrichment<br>Anguish Evolution<br>nguish second installment SW Salary|**Balance at**<br>**1**<br>**September**<br>**2024**<br>**£**<br>**£**<br>**Balance at**<br>**31 August**<br>**2025**<br>**£**<br>**Transfers**<br>**in/out**<br>**£**<br>**Income Expenditure**<br>**£**<br>2,147<br>1,538,549<br>(1,534,408)<br>-<br>6,288|
|---|---|
||2,147<br>1,538,549<br>(1,534,408)<br>-<br>6,288|
||<br>95<br>22,041<br>-<br>-<br>8,807<br>660<br>1,149<br>1,777<br>-<br>387<br>2,325<br>3,923<br>-<br>-<br>-<br>-<br>-<br>239<br>11,684<br>1,124<br>1,833<br>165<br>1,575<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>938<br>634<br>2,406<br>4,310<br>-<br>1,481<br>16,962<br>-<br>-<br>21,285<br>3,930<br>-<br>-<br>-<br>-<br>20,000<br>-<br>-<br>-<br>14,360<br>23,798<br>246<br>127,500<br>605<br>-<br>-<br>-<br>-<br>-<br>-<br>9,500<br>6,000<br>50<br>350<br>350<br>350<br>350<br>500<br>-<br>-<br>-<br>-<br>5,580<br>-<br>-<br>(41)<br>(3,603)<br>(14,455)<br>(687)<br>(2,000)<br>(900)<br>(784)<br>(889)<br>(18,622)<br>(182)<br>(300)<br>(1,738)<br>(13,710)<br>(23,798)<br>-<br>(80,749)<br>(499)<br>(239)<br>(2,003)<br>(461)<br>(1,000)<br>(165)<br>(630)<br>(9,500)<br>(6,000)<br>(50)<br>(350)<br>(350)<br>(350)<br>(350)<br>(182)<br>(375)<br>(505)<br>(825)<br>(1,733)<br>-<br>(1,481)<br>(16,962)<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>54<br>18,438<br>6,830<br>3,243<br>6,807<br>(240)<br>365<br>888<br>1,378<br>205<br>2,025<br>2,185<br>650<br>-<br>246<br>46,751<br>106<br>-<br>9,681<br>663<br>833<br>-<br>945<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>318<br>563<br>129<br>1,581<br>2,577<br>5,580<br>-<br>-|



23 



## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)** 

## **14 Funds summary (continued)** 

|Screwfix lighting<br>Norfolk Community Foundation 2024<br>Norwich Consolidated<br>Sainsburys Breakfast Club 2024<br>**Total restricted**<br>**Total funds**|4,261<br>-<br>(312)<br>-<br>3,949<br>5,163<br>-<br>(5,163)<br>-<br>-<br>18,549<br>-<br>(16,147)<br>-<br>2,402<br>-<br>2,000<br>-<br>-<br>2,000|
|---|---|
||112,488<br>236,754<br>(228,090)<br>-<br>121,152|
|||
||114,635<br>1,775,303<br>(1,762,498)<br>-<br>127,440|



24 



## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 MARCH 2025 (continued)** 

## **14 Funds summary (continued)** 

## **Statement of funds - prior year** 

|**Statement of funds - prior year**||||||
|---|---|---|---|---|---|
||**Balance at**||||**Balance**|
||**1**||||**at 31**|
||**September**|||**Transfers**|**August**|
|**Unrestricted funds**|**2023**|**Income**|**Expenditure**|<br>**in/out**|**2024**|
||**£**|**£**|**£**|**£**|**£**|
|**General funds**||||||
|General funds|(53,554)|1,453,055|(1,397,354)|-|2,147|
|**Total unrestricted funds**|(53,554)|1,453,055|(1,397,354)|-|2,147|
|**Restricted funds**||||||
|Norfolk Community Foundation|437|-|(437)|-|-|
|The Norwich French Church Charity|2,205|-|(630)|-|1,575|
|Anguish Educational Foundation|15,845|(24)|(15,656)|-|165|
|Geoffrey Watling|2,833|-|(1,000)|-|1,833|
|John Lewis|-|1,500|(376)|-|1,124|
|Trustees of Dennis Right|1,278|-|10,406|-|11,684|
|Clothmakers|743|1|(505)|-|239|
|Norman Alderman Charity|5,661|-|(1,738)|-|3,923|
|Hedley Foundation|2,625|-|(300)|-|2,325|
|Towegate Insurance|-|300|(300)|-|-|
|George Clarke|-|75|(75)|-|-|
|Arnold Clark|569|-|(182)|-|387|
|NCF -J Blanche Tools|2,666|-|(889)|-|1,777|
|NCF -J P Blanche|1,973|-|(824)|-|1,149|
|NCF - Mechanics Lift|1,560|-|(900)|-|660|
|NCF - Plumbing Area|10,807|-|(2,000)|-|8,807|
|Norfolk Infrastructure Fund|25,757|-|(3,716)|-|22,041|
|Worshipful Company of Plumbers|136|-|(41)|-|95|
|Anguish second installment SW Salary|33,747|24|(16,809)|-|16,962|
|Anguish Evolution|41,425|-|(39,944)|-|1,481|
|Clothmakers September 22|6,043|-|(1,733)|-|4,310|
|JP Blanch 2023|3,231|-|(825)|-|2,406|
|JP Blanch August 2023|1,568|-|(934)|-|634|
|NCF - Electric car|1,313|-|(375)|-|938|
|Screwfix lighting|4,953|(1)|(691)|-|4,261|
|Birds sponsorship|-|150|(150)|-|-|
|Busseys sponsorship|-|300|(300)|-|-|
|Galldris Sponsorship|-|300|(300)|-|-|
|Grayston graduation sponsorship|-|300|(300)|-|-|
|Learnbox & Eastcoast Driver sponsorship|-|300|(300)|-|-|
|NCC Research|-|150|(150)|-|-|
|Norfolk Community Foundation 2024|-|43,714|(38,551)|-|5,163|
|Norwich Consolidated|-|20,000|(1,451)|-|18,549|
|Swarm training|-|300|(300)|-|-|
|**Total restricted**|167,375|67,389|(122,276)|-|112,488|
|||||||
|**Total funds**|113,821|1,520,444|(1,519,630)|-|114,635|



25 



## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 MARCH 2025 (continued)** 

## **14 Funds summary (continued)** 

Trustees of Dennis Wise previously awarded funds towards the purchase of a minibus. This is included in fixed assets. 

Norwich Consolidated Charities provided £21,285 towards our Breakfast Club. This will be utilised in December 2025. 

Freemans donated £23,789 towards the cost of a Welfare Officer, CCTV upgrades, and the Arbor CRM system. CCTV upgrades were completed in the summer 2025. 

Anguish donated £9,500 towards the cost of a Welfare salary, and this was allocated towards one of the Welfare Officer roles. 

Sainsbury’s Stardust grant, £2,000 towards our Breakfast club, which will be spent by the end of January 2026. 

Awards for all National Lottery £20,000 spent on our 2025 Summer Club, to cover Staff Salaries, Utilities, Materials, and Food & Drink for Students. This was utilised in year. 

Sir Norman Lamb £6,000 towards Welfare support salaries during our 2025 Summer Club – utilised in year. 

Freemans Charity donated £14,360 for the 2025 Summer Club to cover Utilities, Stationery kits, Hygiene packs, and staff costs – utilised in year. 

Anguish donated £5,580 towards Student enrichment, trips for students, and an anaphylaxis shock kit for the workshop. This will be spent by May 2026. 

Tesco Stronger Together donated £500 towards Tables, Chairs, Plants, and decorations for our outside seating area. Utilised in year. 

Gift Aid £26,113, which is to be spent on student support, delivery improvements, and equipment, materials, and resources to increase delivery provision. This will be spent by February 2026. 

Kerrison Trust donated £13,500 towards the cost of Welfare salaries, which will be spent by November 2026. 

Norwich Charitable Trust donated £20,763 towards the cost of the salary of our Engagement Officer. This will run until October 2026. 

The following restricted donations were received to support our graduation ceremony; Graysons, Busseys, Lacygnite and Towergate all paid £350. Birds of Dereham also donated £50 to support – they were all spent in year. 

CSJ donated £102,000 for materials, resources and staff to support increase in capacity and delivery quality. This will be spent by December 2025. 

The Co-Op donated £3,330 to provide Laptops and furniture for our careers hub, this was all spent in year. 

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## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 AUGUST 2025 (continued)** 

## **15 Analysis of net assets between funds** 

## **Analysis of net assets between funds - current year** 

|**Analysis of net assets between funds - current year**||
|---|---|
|Tangible fixed assets<br>Current assets<br>Creditors falling due in less than one year<br>Creditors falling due after one year<br>**Analysis of net assets between funds - prior year**<br>Tangible fixed assets<br>Current assets<br>Creditors falling due in less than one year<br>Creditors falling due after one year|**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**funds**<br>**£**<br>**£**<br>**£**<br>77,676<br>70,007<br>147,683<br>114,838<br>64,820<br>179,658<br>(144,220)<br>(14,336)<br>(158,556)<br>(41,345)<br>-<br>(41,345)|
||6,949<br>120,491<br>127,440|
||**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**funds**<br>**£**<br>**£**<br>**£**<br>92,774<br>71,729<br>164,503<br>78,492<br>51,474<br>129,966<br>(102,041)<br>(10,715)<br>(112,756)<br>(67,078)<br>-<br>(67,078)|
||2,147<br>112,488<br>114,635|



27 



## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 AUGUST 2025 (continued)** 

## **16 Analysis of changes in net debt** 

|**Analysis of changes in net debt**||||
|---|---|---|---|
|**Net cash**<br>Cash at bank and in hand<br>Bank overdrafts<br>**Debt**<br>Debts falling due within 1 year<br>Debts falling due after 1 year<br>**Total**|**At 1**<br>**September**<br>**2024**<br>51,731<br>(41,580)<br>10,151<br>(23,465)<br>(67,078)<br>(90,543)<br>(80,392)|**Cash flows**<br>15,496<br>(10,508)<br>4,988<br>(1,016)<br>25,733<br>24,717<br>29,705|**At 31 August**<br>**2025**<br>67,227<br>(52,088)|
||||15,139|
||||(24,481)<br>(41,345)|
||||(65,826)|
|||||
||||(50,687)|



## **17 Pension commitments** 

The Charity operates one defined contribution pension scheme. The assets of the schemes are held separately from those of the Charity in independently administered funds. The total pension cost charge represents contributions payable by the Charity to the funds and amounted to £21,205 (2024 - £17,944). Contributions totalling £5,189 (2024 - £4,507) were payable to the scheme at the balance sheet date and are included in creditors. 

## **18 Operating lease commitments** 

At 31 August 2025, the charity had commitments to make future minimum lease payments under non cancellable operating leases as follows: 

|Not later than 1 year<br>Later than 1 year and not later than 5 years<br>More than 5 years|**2025**<br>**£**<br>40,000<br>160,000<br>53,333<br>253,333|**2024**<br>**£**<br>40,000<br>160,000<br>93,333|
|---|---|---|
|||293,333|



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## **ST. EDMUNDS SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 AUGUST 2025 (continued)** 

## **19 Related party transactions** 

The Chair of the Society also serves as Chair of Norwich Consolidated Charities and Chair of Anguish's Educational Foundation, both of which provided grant funding to the Society during the financial year. NCC have contributed £21,285 and Anguish £15,080. 

The Trustees recognise the importance of maintaining the highest standards of governance and transparency in relation to actual or perceived conflicts of interest. He will formally declare his interests and, where matters relating to St Edmund's Society are discussed by either funding organisation, he withdraws from discussions and decision-making processes to ensure that all decisions are reached independently and objectively. 

The Trustees are satisfied that all grants awarded to the Society have been subject to the appropriate assessment, scrutiny, and approval processes of the respective organisations, independent of our Chairs' involvement.  In addition, the Society's Fundraising Manager maintains a well-established and professional working relationship with the Chief Executive Officer of Norwich Consolidated Charities. This relationship operates independently of trustee governance arrangements and supports open, transparent, and effective communication between the organisations. 

The Trustees are confident that appropriate governance procedures are in place and are consistently applied to ensure that all decisions are taken in the best interests of the respective charities and their beneficiaries. 

29