REGISTERED COMPANY NUMBEIL. 00171179 (England and Walès) REGISTERED CHARITY NUMBER: 307529 REPORT OF THE TRUSTEES AND AUDITED FINANCI TATEME REND GU FOR BEDFORD EDUCATIONAL ASSOCIATION MDG Business Associates Limited Room 73 Wrest House Wrest Park SilsoÈ Bedfordshire MK454HR
BEDFORD EDUCATIONAL ASSOCIATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Page Report of the Trustees Independent Examiner's Report Statement of Flnanclal Actlvltles Balance Sheet Notes to the Financial Statements 10 to 18 Detailed Statement of Financial Activities 19 to 20
BEDFORD EDUCATIONAL ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The trustees who are also directors of the charity for the purposes of the Companie5 Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provision5 of Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The aims and objectives of the Charity are'.- To advance the education of children and young people up to the age of 18 who are living in or attending schools in Bedfordshire by providing or assisting in the provision of educational facilities and/or by the provision of bursaries and grants for educational purposes. Public benefit The Trustees given due consideration to the Charity Commission's published guidance on the Public Benefit requirement undèr the Charities Act 2011 and is a public bènefit entity. Grantmaking The company has appointed a Grants Committee to consider applications for financial support. This Committee meets as and when necessary and has delegated power from the Trustees to make decisions up to £1,000. The Trustees meet three times a year to consider recommendations made by the Grants Committee on applications for financial support over £1,000. ACHIEVEMENTS AND PERFORMANCE Investment performance The charity continued to receive the same rent as the tenant remained in situ and was tied in to a lease until the ènd of the term on 31 July 2025. The charity negOtiated a new lease of £75,OaO per 3nnum to 31 July 2030. The tenant has a break clause to terminate the lease on 31 July 2028 by providing no less than 6 months calendar notice. The charity retains a deposit as security from the tenant of £18,750, which is in an interest bearin9 account. This is repayable at the end of the lease term. As at the balance sheet date the increased deposit amount had not been received. Due to a decrease in interest rates set by the Bank of England the charity decreased the amount of inteTest earned from its cash reserves. In the year, the charity's interest income was £7,90312024.. £9,516). On 25 July 2025 the charity received the assets of Alderman Newton's Educational Foundation IANEFI. This amounted to £13,537 in cash and a further £31,589 which was invested in a fund for charities. The artivities of ANEF were similar to that of the charity and have been accounted for under the merger accounting rules as detailed in section 27 of the Charities Sorp. As at the balance sheet date the investments had decreased in value to £30,999. Dividends in the year amounted to £22212024.. £nill. During the year grants were made to schools and institutions totalling £67,849 12024.. £57,166) and to individuals totalling £7,90412024.' £15,504). In pursuing our objectives, we have been able to deliver public benefit by helping young persons both individually and collectively to improve their edLJcational achievement resulting in more able students being able to benefit society as a whole a5 they pursue their respertive careers. Page 1
BEDFORD EDUCATIONAL ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 FINANCIAL REVIEW Financial p051tion During the year the following occurred.. Expenditure on charitable activities increased during the period from £72,670 to £75,753. The charity had an ovèrall nèt expenditure ovèr income of £6,05412024." £97,788 income over èxpènditure). Principal funding sources The Charity s principal funding source is by way of its investments. Its main investment is a property included on the balance sheet which generates rental income. Investment policy and objectives Under the Memorandum and Articles of A5$0Clation the Charity has the power to make investments where the Trustees see fit. The charity's main asset is the investment property from which it earns a rental income paid by a single tenant. The charity 15 regularly in dialogue with the tenant to assess the p055ibility of the lease being terminated. The Trustees periodically discuss the potential options for the investment property in the event of notice being given regarding the termination of the lease. The charity operates a low risk strategy with its cash reserves. It looks to maximise investment income receivable from bank accounts, whilst balancing this with the need to keep funds readily available in the event of the termination of the lease. The Trustees look to ensure that the balances held at banks remain near to or under the FSCS protection limit of £85,000. At every trustee meeting a bank report is given, which includes other interest opportunities available and the status of the available funds. The charity operates a low to medium risk strategy with regards to its listed investments on the stock market Iprimarily these will be in FTSE 100 and FTSE 250 companies). It limits these investment to be no more than 20% of its overall cash reserves and is monitored to ensure it is not over committed. Eaih initial investment in a chosen security shall be limited to £2,500 per share and £10,000 per fund and is reviewed on a quarterly basis. The aim is to achieve a combination of growth and income, in order to provide the charity with additional funds to meet its overall objectives. The charity will therefore seek to hold a diverse range of investments to deliver upon its objeitive5 over the short, tnedium and long term. The charit makes suc may look to make investments in other major markets but must consider the exchange rate risk if it investments. The charity will avoid investments in sin stocks. Durin Foun the year the charity received listed investments within a fund from the Alderman Newton's Educational ation amounting to £31,589, these decreased to £30,999. The Trustees discLJSS Other potential avenues to m2ximise its incomè streams, with discussions on whèthèr the charity should use some of its cash reserves a5 a deposlt to expand its property portfolio by taking on a loan. Page 2
BEDFORD EDUCATIONAL ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 FINANCIAL REVIEW Reserves policy The charity needs liquid reserves to be able to honour grants approved for an academic year. The current level of reserves is £1,374,660 12024.. 1,335,588) of which net current assets are £274,660 12024.. £235,588). Most of the current asset reserves are held within bank accounts £251,27612024-. £243,158).. 31.08.25 31.08.24 Current account Easy Access account Instant Saver account Instant Acce55 account 120 Day notice account 2 year fixed rate 13,248 83.630 65.509 9,504 53,787 22,874 87,750 69,243 243,158 88,889 251.276 The charity has funds available for immediate use of £162,387 12024= £86,165). A further £88,889 12024.. £87,750) is available within 120 days by giving appropriate notice. A balance of £nil12024.. £69,243) is held in a 2 year fixed saver with a maturity date in December 2024. The Trustees consider the current amount of funds to be more than adequate for the purpose of honouring its grants. The charity sets aside approximately the equivalent of one year's rental income to ensure that it can continue to offer grants in the event of any irrecoverable rental default or if there is a period where the property could be empty. The charity does not have to provide any donations in a year other than those it has committed itself to, which can be seen in the financial commitments note. During the year the charity received a one off injection of funds from the Alderman Newton's Educational Fund of £13,537. The Chairperson of the Grants Committee is making known to relevant bodies that funds are available for appropriate applications. Going concern The Trustees believe that theie a no material uncertainties about the charity's ability to continue for the foreseeable future. Page 3
BEDFORD EDUCATIONAL ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 FUTURE PLANS The charity plans to continue with how it operates in terms of income generation and grants awarded for the foreseeable future. It aims to give 9rants to schools and other educational or anisations as well as to Individuals up to the age of 18 who live and/or are educated within Bedfordshire. e profits from the rental income are the funding source of the grants. The charity has a lease in place to 31 July 2030, with a break clause being able to be enacted by thè tenant to vacate the premises on 31 July 2028. The charity therefore has this certain of income for 3 years. For contingency purposes, however, the Committee will consider possible options or the main asset should the tenant opt not to take out a new lease beyond 31 July 2028. As part of the lease negotiations it was agreed that both the charity and the tenant would undertake work to the building based on the advise of a Chartered Surveyor in terms of what work was deemed to be essential now. Other works to the building are experted to be undertaken over the lease term based on the Chartered Surveyor's report. The Trustees are constantly looking at new ways to benefit the community by evolving the type of project to which they can grant aid, a5 well as improving awareness of their work amongst the community. The charity is trying to enhance this further by website updates and the use of social media. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The organisation is a charitable company limited by guarantee incorporated on 2nd November 1920 and registered a5 a Charity on 21st November 1962. The company's Memorandum of Association dated 14th January 2002 establishe5 the objects and power of the Charitsble Company and it is governed under its Articles of Association. Recruitment and appo5ntment of new Irustees The committee regularly reviews its composition in relation to skill set, age and gender structure, and potential replacement requirements. It is constantly on the lookout for potential new iandidates that could enhance BEA'S offering to the community. Once an individual has been approached or has applied for the position they are invited to attend a meeting. This ensLJres the potential new trustee can see exactly what is involved, if it is something they would like to be involved with and if they can add to the 5trength5 of the current trustee5. It a150 mean5 the current trustee5 can meet the potential new trustee to establish whether they would be a good addition to the committee. After meeting the potential new trustee, the trustees may or may not decide to appoint him/her. Indu¢tion and training of new trustees All new Trustees are given a link to the government guidance 'Charity trustee.. what's involved ICC3al' prior to their appointment and asked to confirm their eligibility prior to appointment as a trustee. Related parties Details of the related party transactions arè disclosed within Note 16 IRèlated Party DisclosLJrèsl. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 00171179 IEngland and Wales) Registered Charity number 307529 Page 4
BEDFORD EDUCATIONAL ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Registered office Argent House S Goldington Road Bedford Bedfordshire MK40 3JY Trustees Mr5 L Cebula Dr R H Oakley Mrs C Saenger Mrs N Reddy Mr M D Rawlin50n FCCA CTA ACA MrMDWard Mrs L M Woodrow Company Secrétary Mr M D Rawlinson FCCA CTA ACA Independent Examiner MDG Business Associates Limited Room 73 Wrest House Wrest Park Silsoe Bedfordshire MK454HR Approved by order of the board of trustees on 21 April 2026 and signed on its behalf bw. Mr M D Rawlinson FCCA CTA ACA- Trustee Page S
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF BEDF RDED NALA IATI Independent examiner's report to the trustees of Bedford Educational Association I'the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 Act'l. Havin satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 ct and are eligible for independent examination, I report in respect of my examination of 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 Sertion 145151 Ibl of the 2011 Act. Independent examiner'5 Statement 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 the Company 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 reqLJirement 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 ènd principles of the Statement of Recommended Practice for accounting and reporting by charitie5 lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I havè no concèrns and have comè across no othèr matters in connection with thè èxamination to which attention should be drawn in this report in order to enable a proper understandin9 of the accounts to be reached. Victoria Moore FCCA MDG Business Associates Limited Room 73 Wrest House Wrest Park Silsoe Bedfordshire MK454HR 21 April 2026 Page 6
BEDFORD EDUCATIONAL ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTX FOR THE YEAR ENDEO 31 AUGUST 2025 31.8.25 Unrestricted fund5 31.8.24 Total funds Notes INCOME AND ENDOWMENTS FROM Investment income Other income Total 76,653 8.920 85.573 77,116 8,382 85,498 EXPENDITURE ON Raising funds 8.963 8,425 Charitablè activities School and educational institution grants Tuition fees for individuals 67,849 7.904 57,166 15,504 Other Total 6.100 90,816 6,615 87,710 Net gains/llossesl on investments 1811} 100,000 NET INCOME/{EXPENDITUREI Other recognisèd gainslllosses) Charity mèrger Net movement in funds {6,054) 97,788 45.126 39.072 97,788 RECONCILIATION OF FUNDS Total funds brought forward 1.335.588 1,237,800 TOTAL FUNDS CARRIED FORWARD 1 374 660 1 335 588 The notes form part of these financial statements Page 7
BEDFORD EDUCATIONAL ASSOCIATION BALANCE SHEE 31 AUGUST 2025 31.8.25 Unrestricted funds 31.8.24 Total funds Notes FIXED ASSETS Investment property 1.100.000 1,100,000 CURRENT ASSETS Debtor5'. amounts falling due within one year 10 Investments Prepayments and accrued income Cash at bank 17,598 31,000 7.663 251.276 307.537 17,250 7,080 243,158 267,488 CREDITORS Amounts falling due within one year 132.8771 131,9001 NET CURRENT ASSETS 274 660 235 588 TOTAL ASSETS LESS CURRENT LIABILITIES 1.374,660 1,335,588 NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS 1.374.660 1,335,588 14 1.374,660 1.374.660 1,335,588 1,335,588 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Sèction 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with Sertions 386 and 387 of the Com anies Act 2006 and preparing inancial statements which givè a true and fair view of thè state of affairs of the charitable company a5 at the end of each financial year and of its surplu5 or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. Ibl The notes form part of these financial statements Page 8 continued...
BEDFORD EDUCATIONAL ASSOCIATION NCE SHEET- contin 31 AUGUST 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 21 April 2026 and were signed on its behalf by.. Mr M D Rawlinson FCCA CTA ACA- Trustee The notes form part of these financial statements Page 9
BEDFORD EDUCATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Èffectivè 1 January 20191,, as amended b Update Bulletin 2 published in October 2019. and the Companies Act 2006. The financial statements ave been prepared under the historical c05t convention. The financial statements of the charity have been prepared using the merger accounting basis in accordance with Chapter 27 of the Charities SORP IFRS1021, as the criteria was met having acquired the assets of a charity. 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 bè measured reliably. Investment income, such as interest is recognised on a straight-line basis over the relevant term at the interest rate applicable. Where dividend income is receivable, this will be recognised when physically paid to the charity's investment account. Rental income from operating leases is Tecognised on a straight-line basis over the term of the levant lease unle55 the lease payments are structured to increase in line with expected general inflation in which case the income is recognised as revenue in accordance with the expected payments. Where there is a discounted period on the rental income, the rent is recognised on what is receivable in those periods pre and post the discounted period. Any income received from the early termination of the lease, which arises from the discounted period will be recognised in the year notice has been given. Rental income is included under invèstment income. Other income is reimbursed expenses charged on to the tenant in the period to which the expense relates. The charity relies upon Mrs L Cebula to attend to its day to day administrative affairs. The type of work involved includes Inon-exhaustive li5tl'. Sending out grant application5, corresponding with the school5, parents and other interested parties relating to the grant applicants and providing the other trustees with the summaries of the prospective grants ready for general meetings. Debtors Short term debtors are measured at transaction price, less any impairment. Loans receivable a measured initially at fair value, net of transartion costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Expenditure Liabilities are rècognised as èxpenditure in thè Statemènt of Financial Activities as soon as therè is a legal or constructive obligation comwitting the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obli ation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classi led 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. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Creditors Short term creditors are measured at transaction price, less any impairment. Page10 continued...
BEDFORD EDUCATIONAL ASSOCIATION S TO THE FINANCIAL STATEMENTS- contin FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES - continued Investment property Investment property is held to earn renta15 and for capital appreciation. Investment property is shown at most recent valuation. Investment property are initially measured at cost, including transaction costs. Subsequently investment property is recorded at its fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Ststement of Financial ActivitiÈs and at each reporting date is transferred from the general fund to unrealised fair value investments fund. Investment property is subject to valuation by the directors or by external valuers, determined on the fair value basis using the market approach being based on market transactions involving similar assets. Investments Inve5tment5 are held to generate income or for their potential increase in value or both. These will be treated as fixed asset investments. Fixed asset investments exclude those investments held specifically for sale or those investments which the charity expects to realise within 12 months of the reporting date, where they would be transferred to current assets. Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. Taxalion The charity 15 exempt from corporation tax on its charitable activities. 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 purposes. Impairment of non-financial assets Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a fair value there the impairment loss is a fair value decrease. Financial instruments Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that èvidences a residu21 interèst in the assèts of the entity after deducting all of its liabilities. Provisions Provisions are recognised when the charity has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the charity will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date. Page11 continued...
BEDFORD EDUCATIONAL ASSOCIATION S TO THE FINANCIAL STATEMENTS- contin FOR THE YEAR ENDED 31 AUGUST 2025 INVESTMENT INCOME 31.8.25 31.8.24 Rents received Other fixed asset invest - Fll Deposit account interest 68.528 222 7.903 76.653 67,600 9,516 77,116 OTHER INCOME 31.8.25 31.8.24 Reimbursed insurance costs 8.920 8,382 RAISING FUNDS Investment management costs 31.8.25 31.8.24 Support C05t5 43 43 GRANTS PAYABLE 31.8.25 31.8.24 School and educational institution grants Tuition fees for individuals 67.849 7.904 75.753 57,166 15,504 72,670 During the year the charity made material charitable donations to the following institutions.. 31.8.25 31.8.24 Country Days Ltd Booktastic Beds Festival Faces Families United Network Greenleas School Lakeview Village Hall Sharnbrook Primary Food Etc Heart Academy Toddington St George C of E Spiral Freerun CIC Making Me Bedford Creative Art5 Bedford Blues Foundation Wixams Academy PTA Woburn Lower School Pyramid Schools Trust Cotton End Forest School Our Lady Immaculate Catholic Academy 3.000 5.000 1,250 6,000 3.000 3,000 1,250 6,000 3,000 8,000 1,500 4,500 1,200 4,890 8.482 10,000 4,320 5,000 5.000 1,500 9,000 3.360 2,667 2.000 Page12 continued...
BEDFORD EDUCATIONAL ASSOCIATION S TO THE FINANCIAL STATEMENTS- contin FOR THE YEAR ENDED 31 AUGUST 2025 GRANTS PAYABLE - continued Edith Cavell Livingstone Primary Elizabeth Curtis Riding Centre Others 3,000 5,000 6.000 3.000 67,849 2,696 S7,166 SUPPORT COSTS Information technology Governance costs Finance Totals Investment management costs Other resources expended 43 43 6.100 6.143 76 76 6,024 6.024 43 Support costs, included in the above, are as follows.. 31.8.25 31.8.24 Investment management costs Other resources expended Total activities Total activities Licences Website costs Independent examination Trustee meeting costs Sundrie5 Accountanc Professiona 43 43 76 1.032 506 43 76 996 553 76 1.032 506 and legal fees ee5 2,064 2,378 6.100 2.064 2.378 6.143 1.056 3.900 6.658 43 INDEPENDENT EXAMINERS, REMUNERATION 31.8.25 31.8.24 Independent examination 1.032 996 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024. Page13 continued...
BEDFORD EDUCATIONAL ASSOCIATION S TO THE FINANCIAL STATEMENTS- contin FOR THE YEAR ENDED 31 AUGUST 2025 INVESTMENT PROPERTY FAIR VALUE At 1 September 2024 and 31 August 2025 NET BOOK VALUE At 31 August 2025 At 31 August 2024 1.100.000 1,100,000 1 100000 Operating lease of investment property The charity ntS out the investment propety under an operating lease. The lease expires on 31 July 2030. The future minimum lease payments receivable for the properties up to the next break clause 131 July 20281 are as follows.. 31.8.25 31.8.24 Amounts falling due within: Within one year Betweèn one and five years More than five years 75,000 143,750 61,967 143,750 61,967 Fair value at 31 August 2025 is represented by: Valuation in 2024 1100 000 The investment property was valued on an open market basis on 31 August 2024 by the trustees. The trustees have considered the value of the property and the carrying fair value is not materially different to thè current market value. 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.25 31.8.24 Deposit held Page 14 continued...
BEDFORD EDUCATIONAL ASSOCIATION S TO THE FINANCIAL STATEMENTS- contin FOR THE YEAR ENDED 31 AUGUST 2025 CURRENT ASSET INVESTMENTS 31.8.25 31.8.24 Listed investments 31.000 The listed investments were received from the Alderman Newton's Educational Foundation are shown as current assets, as it is the intention of the charity to dispose of these within the next 12 months of the balance sheet date. 12. CASH AT BANK 31.8.25 Total fund5 31.8.24 Total fund5 Bank account Instant saver Instant access Bank fixed saver account Bank 120 day notice account Easy access account Total 13.248 65.509 9,504 53,787 22,874 69,243 87,750 88.889 83.630 251.276 243,158 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.25 31.8.24 Trade creditors Deposit held Accrua15 and deferred income 3.652 17.598 11.627 32.877 3,411 17,250 11,239 31,900 14. MOVEMENT IN FUNDS Net movement in funds At 31.8.25 At 1.9.24 Unrestrirted tunds General fund Unrealised fair value investments fund 1.235.588 100,000 1.335.588 1,335,588 39.883 (811) 39.072 39.072 1.275.471 99,189 1.374.660 1,374,660 TOTAL FUNDS Page15 continued...
BEDFORD EDUCATIONAL ASSOCIATION S TO THE FINANCIAL STATEMENTS- contin FOR THE YEAR ENDED 31 AUGUST 2025 14. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestrirted fund5 General fvnd Unrealised fair value investments fund 85,573 (90,816) 45,126 39,883 85.S73 85,573 (90.816) 90.816 44.315 44.315 39.072 39.072 TOTAL FUNDS Comparatives for movement in funds Net movement in funds Transfers between funds At 31.8.24 At 1.9.23 Unre5trirted fund5 General fund Unrealised fair value investments fund 1,237,800 97,788 1100,0001 100000 1,235,588 100000 1,335,588 1,335,588 1,237,800 1,237,800 97,788 97,788 TOTAL FUNDS Comparative net movement in funds, included in the above are as follows= Incoming resource5 Resources expended Gains and Ios5e5 Movement in funds Unrestricted funds General fund 85,498 187,7101 100,000 97,788 TOTAL FUNDS 85,498 187,710 i 00,000 97,788 A current year 12 months and prior year 12 months combined position is as follows= Net movement in funds Transfers between funds At 31.8.25 At 1.9.23 Unrestrirted funds General fund Unrealised fair value investments fund 1,237,800 137,671 18111 136,860 136860 1100,0001 100,000 1,275,471 99,189 1,374,660 1374 660 1,237,800 1 237 800 TOTAL FUNDS Page16 continued...
BEDFORD EDUCATIONAL ASSOCIATION S TO THE FINANCIAL STATEMENTS- contin FOR THE YEAR ENDED 31 AUGUST 2025 14. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unre5trirted fund5 General fund Unrealised fair value investments fund 171,071 1178,5261 145,126 18111 144,315 137.671 18111 136,860 136860 171,071 171071 1178,5261 178526 TOTAL FUNDS On 25 July 2025 the Alderman Newton's Educational Foundation ceased its charitable activities and transferred £45,126 to the charity. This amount is shown in net movements in fund5 and consisted of cash of £13,537, investments of £31,589 and the net movement of the overall funds in the year of the charity of £6,054. The funds received are all unrestricted funds, as the charities had similar objectives to one another. OTHER FINANCIAL COMMITMENTS At the balance sheet date the charity has committed to making donations of £nil 12024.. £nill when the recipients reach a certain threshold. 16. RELATED PARTY DISCLOSURES Mr M Rawlinson A trustee and company secretary of the charity and is also a partner of Rawlinson Pryde & Partners IRPPI. RPP invoiced the charity £1,056 gross12024.. £1,020) in order to prepare the statutory accounts prior to independent examination. In addition RPP charged the charity £7212024.. £nill to courier title deeds, as less expensive option to what was being quoted by external providers. There were no amoLJnts due from the charity as at the balance sheet date. The trustee was also reimbursed £50612024.. £341 for expenses relating to charitable expenditure. Mrs L Cebula A trustee of the charity was ieimbursed £1012024: £5531 for expenses relating to charitsble expenditure. Page17 continued...
BEDFORD EDUCATIONAL ASSOCIATION S TO THE FINANCIAL STATEMENTS- contin FOR THE YEAR ENDED 31 AUGUST 2025 COMPANY LIMITED BY GUARANTEE The compan were 7 mem is limited b ers as at 31 guarantee, as a consequence the members liability is limited to £10. There ugust 202512024: 71. Page 18
BEDFORD EDUCATIONAL ASSOCIATION AILED STATEMENT OF FINANCIAL AcfiviTIE FOR THE YEAR ENDED 31 AUGUST 2025 31.8.25 31.8.24 INCOME AND ENDOWMENTS Investment income Rents received Other fixèd asset invest - Fll Deposit account interest 68.528 222 67,600 76.653 77,116 Other income Reimbursed insurance costs Total incoming resources 8,920 85.573 8,382 85,498 EXPENDITURE Raising donations and legacies Insurance 8.920 8,382 Charitable activitie5 School and educational service provider grants Grants to individuals 67.849 7.904 75,753 57,166 15,504 72,670 Support costs Finance Licences 43 43 Information technology Website costs 76 76 Governance ¢osts Independent examinatio Trustee meeting costs Sundries Accountancy and legal fees Professional fees 1,032 506 996 553 34 1,056 3,900 6,539 2.064 2.378 6.024 Total rèsources expènded Net expenditure before gains and losses 15,2431 12,2121 Unrealised recognised gains/lossès Carried forward 15,2431 12,2121 This page does not form part of the statutory financial statements Page 19
BEDFORD EDUCATIONAL ASSOCIATION AILED STATEMENT OF FINANCIAL AcfiviTIE FOR THE YEAR ENDED 31 AUGUST 2025 31.8.25 31.8.24 Unreali5ed recognised gains/losses Brought forward Unrealised gains/llossesl on investment property Net (expenditurel/in¢ome {5,2431 18111 16.0541 12,2121 100,000 97,788 This page does not form part of the statutory financial statements Page 20