REGISTERED CHARITY NUMBER: 526383
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2025
for
The Liverpool Blue Coat School Foundation
Matthews Sutton & Co Ltd Chartered Certified Accountants 48 - 52 Penny Lane Mossley Hill Liverpool Merseyside L18 1DG
The Liverpool Blue Coat School Foundation
Contents of the Financial Statements for the Year Ended 31 August 2025
| Page | ||
|---|---|---|
| Report of the Trustees | 1 to | 3 |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the Financial Statements | 7 to | 13 |
| Detailed Statement of Financial Activities | 14 |
The Liverpool Blue Coat School Foundation
Report of the Trustees for the Year Ended 31 August 2025
The trustees present their report with the financial statements of the charity for the year ended 31 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
Significant activities
Over the past twelve months, the Foundation has continued to provide support to the School. With regard to the Charity Commission's guidance on the subject, the Trustees consider all activities to be for the public benefit.
School Report
The school continues in its aim to educate children from years 7 to 13 inclusive. The school's examination results are published on its website each year and its national and local rankings can be found in the Sunday Times each year.
FINANCIAL REVIEW
Financial position
The Foundation aims to maximize income from both its investments and its functional property whilst minimizing costs, enabling it to provide as much support as possible for its beneficiaries.
Results
In summary, total incoming resources amounted to £130,313 (2024: £47,108), and total resources expended amounted to £53,871 (2024: £39,566).
As at 31 August 2025, The Liverpool Blue Coat School Foundation had total resources of £3,590,890 of which £2,148,786 was represented by fixed assets, £1,401,449 by investments valued at market value, £55,615 by current assets less current liabilities of £14,960.
Page 1
The Liverpool Blue Coat School Foundation
Report of the Trustees for the Year Ended 31 August 2025
FINANCIAL REVIEW
Investment policy and objectives
The Charity's capital is invested in marketable investments or held in cash. As there are no specific restrictions under the governing deed, the Trustees have full discretion over the investments and so have delegated Trinity Bridge to have full discretionary day to day control of the investments. The Trustees voted unanimously in the year to move the investment management from the previous investment managers, Rathbones plc due to poor performance and lack of client service.
They have agreed objectives with the investment manager to secure a reasonable growth in income consistent with the long term preservation of capital in real terms. Investment decisions should be made based on the views of a prudent person in accordance with the standard of investment criteria relating to suitability and diversification. These objectives are reviewed annually.
The Trustees wish to ensure that the objectives outlined above are achieved with an acceptable risk. This implies the need for diversification of investments of the Charity to include a range of assets, including fixed interest stocks, UK and overseas shares.
Investments comprise of holdings in UK, large overseas listed companies, unit and investment trusts including those investing in major international markets and also fixed interest securities. The portfolio can therefore include a proportion of medium sized or smaller UK companies and has exposure to international markets.
The investment managers are required to operate within the constraints applying to trusts governed by the Trustee Act 2000.
The investment managers provide regular reports to the Trustees who review the performance of the portfolio and of the investment managers at least once a year. The move to Trinity Bridge has been successful.
The Charity also owns one investment property, this being the former Headmaster's House which is managed by letting agents.
Also during the year, The Foundation were honoured to be approached by the Old Blues' Association to take over the responsibility and stewardship of monies and investments which had accumulated over more than a few years. The Foundation have ensured that the generous gift by the Old Blues will remain entirely separate so that their legacy is effectively ring fenced for many more years to come. The Old Blues' ethos and principles will continue to be at the forefront of any donations made for the benefit of any current or former student in cases of need or to further educational pursuits, to include career progression and apprenticeships. The investments were previously managed by Rathbones plc and were subsequently moved to Trinity Bridge.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Charity constitution
The Charity is an unincorporated association and is governed by its Trust Deed. In addition, the Trustees have complied with the duty in Section 4 of the 2006 Charities Act to have due regard to guidance published by the Charity Commission.
Page 2
The Liverpool Blue Coat School Foundation
Report of the Trustees for the Year Ended 31 August 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Under the conditions of the Blue Coat School Foundation, there are facilities for the Foundation Trustees to appoint 51 Guardians, 12 of which are nominated as Trustees. These Trustees, nominated to serve a term of four years, have a legal responsibility for the Foundation under law. The Trustees meet at regular intervals to manage the affairs of the Foundation.
As reported last year, The Trustees undertook a recruitment campaign in January 2025 and successfully appointed 4 new Trustees - all of whom are former students.
Risk management
The Trustees have reviewed the major risks facing the Charity and have taken action to ensure that there are procedures and policies in place to address these risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
526383
Principal address
Church Road Wavertree Liverpool Merseyside L15 9EE
Trustees
Mrs L Lynch R Richardson C Hurst K Caulkin M Walker Ms H Brown (appointed 15.1.25) K O'Sullivan (appointed 15.1.25) (resigned 2.6.26) Dr I Yip (appointed 15.1.25) J Daley (appointed 15.1.25)
Independent Examiner
Matthews Sutton & Co Ltd Chartered Certified Accountants 48 - 52 Penny Lane Mossley Hill Liverpool Merseyside L18 1DG
Approved by order of the board of trustees on 30 June 2026 and signed on its behalf by:
Mrs L Lynch - Trustee
Page 3
Independent Examiner's Report to the Trustees of The Liverpool Blue Coat School Foundation
Independent examiner's report to the trustees of The Liverpool Blue Coat School Foundation
I report to the charity trustees on my examination of the accounts of The Liverpool Blue Coat School Foundation (the Trust) for the year ended 31 August 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Gareth Evans
Matthews Sutton & Co Ltd Chartered Certified Accountants 48 - 52 Penny Lane Mossley Hill Liverpool Merseyside L18 1DG
30 June 2026
Page 4
The Liverpool Blue Coat School Foundation
Statement of Financial Activities for the Year Ended 31 August 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 15 Investment income 2 40,913 Total 40,928 EXPENDITURE ON Raising funds 6,583 Charitable activities School Development 46,844 Total 53,427 Net gains on investments 13,126 NET INCOME 627 RECONCILIATION OF FUNDS Total funds brought forward 1,138,689 TOTAL FUNDS CARRIED FORWARD 1,139,316 |
Restricted funds £ 84,583 4,802 89,385 444 - 444 4,496 93,437 209,351 302,788 |
Endowment fund £ - - - - - - - - 2,148,786 2,148,786 |
31.8.25 Total funds £ 84,598 45,715 130,313 7,027 46,844 53,871 17,622 94,064 3,496,826 3,590,890 |
31.8.24 Total funds £ 166 46,942 |
|---|---|---|---|---|
| 47,108 | ||||
| 7,118 32,448 |
||||
| 39,566 | ||||
| 70,381 | ||||
| 77,923 3,418,903 |
||||
| 3,496,826 |
The notes form part of these financial statements
Page 5
The Liverpool Blue Coat School Foundation
Balance Sheet
31 August 2025
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 - Investments Investments 6 763,671 Investment property 7 355,000 1,118,671 CURRENT ASSETS Debtors 8 8,308 Cash at bank 27,297 35,605 CREDITORS Amounts falling due within one year 9 (14,960) NET CURRENT ASSETS 20,645 TOTAL ASSETS LESS CURRENT LIABILITIES 1,139,316 NET ASSETS 1,139,316 FUNDS 10 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
Restricted funds £ - 282,778 - 282,778 - 20,010 20,010 - 20,010 302,788 302,788 |
Endowment fund £ 2,148,786 - - 2,148,786 - - - - - 2,148,786 2,148,786 |
31.8.25 Total funds £ 2,148,786 1,046,449 355,000 3,550,235 8,308 47,307 55,615 (14,960) 40,655 3,590,890 3,590,890 1,139,316 302,788 2,148,786 3,590,890 |
31.8.24 Total funds £ 2,148,786 962,762 355,000 3,466,548 2,481 36,273 38,754 (8,476) 30,278 3,496,826 3,496,826 1,138,689 209,351 2,148,786 3,496,826 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2026 and were signed on its behalf by:
L Lynch - Trustee
The notes form part of these financial statements
Page 6
The Liverpool Blue Coat School Foundation
Notes to the Financial Statements for the Year Ended 31 August 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
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.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
The Liverpool Blue Coat School Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
2. INVESTMENT INCOME
| Rents received Other rental income Dividends and interest Deposit account interest |
31.8.25 £ 12,840 7,000 25,875 - 45,715 |
31.8.24 £ 12,840 7,000 27,072 30 |
|---|---|---|
| 46,942 |
3. 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.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds Charitable activities School Development Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ - 42,060 42,060 7,118 21,937 29,055 50,333 63,338 1,075,351 1,138,689 |
Restricted funds £ 166 4,882 5,048 - 10,511 10,511 20,048 14,585 194,766 209,351 |
Endowment fund £ - - - - - - - - 2,148,786 2,148,786 |
Total funds £ 166 46,942 |
|---|---|---|---|---|
| 47,108 | ||||
| 7,118 32,448 |
||||
| 39,566 | ||||
| 70,381 | ||||
| 77,923 3,418,903 |
||||
| 3,496,826 |
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continued...
The Liverpool Blue Coat School Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
5. TANGIBLE FIXED ASSETS
| COST At 1 September 2024 and 31 August 2025 NET BOOK VALUE At 31 August 2025 At 31 August 2024 FIXED ASSET INVESTMENTS MARKET VALUE At 1 September 2024 Additions Disposals Revaluations At 31 August 2025 NET BOOK VALUE At 31 August 2025 At 31 August 2024 There were no investment assets outside the UK. Cost or valuation at 31 August 2025 is represented by: Valuation in 2025 Cost |
Freehold property £ 2,148,786 2,148,786 2,148,786 Listed investments £ 962,762 753,843 (633,607) (36,549) 1,046,449 1,046,449 962,762 Listed investments £ 101,857 944,592 1,046,449 |
|---|---|
6. FIXED ASSET INVESTMENTS
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The Liverpool Blue Coat School Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
7. INVESTMENT PROPERTY
| FAIR VALUE At 1 September 2024 and 31 August 2025 NET BOOK VALUE At 31 August 2025 At 31 August 2024 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 10. MOVEMENT IN FUNDS At 1.9.24 £ Unrestricted funds General fund 1,138,689 Restricted funds Prize Fund 11,463 School Development Fund 9,984 Sir Alan Tod Travel Scholarship Fund 187,904 Old Blues Association - 209,351 Endowment funds Endowment Fund - Buildings 2,148,786 TOTAL FUNDS 3,496,826 |
31.8.25 £ 8,308 31.8.25 £ 14,960 Net movement in funds £ 627 539 - 3,303 89,595 93,437 - 94,064 |
£ 355,000 355,000 355,000 31.8.24 £ 2,481 31.8.24 £ 8,476 At 31.8.25 £ 1,139,316 12,002 9,984 191,207 89,595 |
£ 355,000 |
£ 355,000 |
|---|---|---|---|---|
| 355,000 | ||||
| 355,000 | ||||
| 31.8.24 £ 2,481 31.8.24 £ 8,476 |
||||
| 302,788 2,148,786 |
||||
| 3,590,890 |
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continued...
The Liverpool Blue Coat School Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Prize Fund Sir Alan Tod Travel Scholarship Fund Old Blues Association TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Prize Fund School Development Fund Sir Alan Tod Travel Scholarship Fund Endowment funds Endowment Fund - Buildings TOTAL FUNDS |
Incoming resources £ 40,928 303 3,983 85,099 89,385 130,313 |
Resources expended £ (53,427) (18) (285) (141) (444) (53,871) At 1.9.23 £ 1,075,351 10,685 10,344 173,737 194,766 2,148,786 3,418,903 |
Gains and losses £ 13,126 254 (395) 4,637 4,496 17,622 Net movement in funds £ 63,338 778 (360) 14,167 14,585 - 77,923 |
Movement in funds £ 627 539 3,303 89,595 93,437 94,064 At 31.8.24 £ 1,138,689 11,463 9,984 187,904 209,351 2,148,786 3,496,826 |
|
|---|---|---|---|---|---|
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The Liverpool Blue Coat School Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 42,060 | (29,055) | 50,333 | 63,338 |
| Restricted funds | ||||
| Prize Fund | 318 | - | 460 | 778 |
| School Development Fund | 166 | (526) | - | (360) |
| Sir Alan Tod Travel Scholarship Fund | 4,564 | (9,985) | 19,588 | 14,167 |
| 5,048 | (10,511) | 20,048 | 14,585 | |
| TOTAL FUNDS | 47,108 | (39,566) | 70,381 | 77,923 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Prize Fund School Development Fund Sir Alan Tod Travel Scholarship Fund Old Blues Association Endowment funds Endowment Fund - Buildings TOTAL FUNDS |
At 1.9.23 £ 1,075,351 10,685 10,344 173,737 - 194,766 2,148,786 3,418,903 |
Net movement in funds £ 63,965 1,317 (360) 17,470 89,595 108,022 - 171,987 |
At 31.8.25 £ 1,139,316 12,002 9,984 191,207 89,595 |
|---|---|---|---|
| 302,788 2,148,786 |
|||
| 3,590,890 |
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The Liverpool Blue Coat School Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
10. 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:
| Unrestricted funds General fund Restricted funds Prize Fund School Development Fund Sir Alan Tod Travel Scholarship Fund Old Blues Association TOTAL FUNDS |
Incoming resources £ 82,988 621 166 8,547 85,099 94,433 177,421 |
Resources expended £ (82,482) (18) (526) (10,270) (141) (10,955) (93,437) |
Gains and Movement losses in funds £ £ 63,459 63,965 714 1,317 - (360) 19,193 17,470 4,637 89,595 24,544 108,022 88,003 171,987 |
|---|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2025.
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The Liverpool Blue Coat School Foundation
| Detailed Statement of Financial Activities for the Year Ended 31 August 2025 INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Rents received Other rental income Dividends and interest Deposit account interest Total incoming resources EXPENDITURE Other trading activities Investment management fees Charitable activities Insurance Sundries Sir Alan Tod awards Repairs and renewals Mast Tower income released to the school Secretarial services Donations Management fees Licences Bank charges Support costs Governance costs Accountancy and legal fees Total resources expended Net income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income |
31.8.25 £ 84,598 12,840 7,000 25,875 - 45,715 130,313 7,027 4,635 82 - 5,970 7,000 2,188 22,812 1,923 - 19 44,629 2,215 53,871 76,442 98,279 174,721 |
31.8.24 £ 166 12,840 7,000 27,072 30 |
|---|---|---|
| 46,942 | ||
| 47,108 7,118 4,590 - 9,985 3,632 7,000 1,778 526 1,594 583 - |
||
| 29,688 2,760 |
||
| 39,566 | ||
| 7,542 99,928 |
||
| 107,470 |
This page does not form part of the statutory financial statements
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