Charlty No: 526428 Roper Educational Foundation Report and Accounts For The Year Ended 31 December 2025
ROPER EDUCATIONAL FOUNDATION CONTENTS Trusteès and advigers TTUStees' report ti,", Independent examln6rfs report Statement of flnancial actwitie8 Balance sheet Notos to the accounts,
ROPER EDUCATIONAL FOUNDATION TRUSTEES AND ADVISERS Nominated trustee8 Rev HJ Duffy SJ - Chainnan HA Rby-TreaSufer AM Hall MF Holdsworth AJ Dawson lapp)inted 27 April 2025} Representatlve tN$t¢e DJ Mein (resigned 4 June 2(r25) XX Trustee wrth dispensatson {appointed 5 June 2025) Corrnspondgrt kqr M Burrow Blackhut Swainson Goodl Solicitors 3 & 4 Aaborg Square Lancaster LA1 1GG Prop•ty advloor HDAK 82 PitInn Court FU0(j Preston PR2 1GG Reglstered office St Vbllfrid's Presbytery I Squarè Preston PR13JJ Registered charlty numbor 526428 Independent examiner Cuerden ACA Haleys Business AdVIS Thoms House Meadowcroft Business Pafk Pope Lane Penwotham PR4 4h2 Bankeys skIptc Building &¢iety 99 Fi8heryate Preston PR12AE CustodSan of property The Officrdl Custodk4n for Chwities
ROPER EDUCATIONAL FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their report and the financial statsments of the charity for the year ended 31 December 2025. The trustees have adopted the provFsions ofthe StateEnt of RecomnEnded Practi {SORPI'Aixounting and Ret)orting by Charrties. {FRS 1021 in preparing the annual repjrt and financial 5tatsm8nts ofthe charity. The financial statements have been prepared in aG(xxdan with the aLuunting policies set out in notes to the accounts and comply the chanty's goveming docunrt the Chartses Act 2011 Accounting and Reporting by Charitiv&". Stalement of Recommended Practi applrabie to chaTilies PTeparing their acCnIS in accordance with the Financial Reporting Standard applicable in the UK Republic of Iteland published in October 2019. ObJectlve8 and actlvlt196 Roper Educalional Foundalw)n is nSIrtuted under a sch&Jute iknd 4 May 1964 and was registered as a charity on 15 September 1964. The objects of the charity are lo benefit any maintained Roman Catholic Schcol situated tr}in the boundaries of the former Borough of Preston (in 19641 an¢J to give bursarie$ to boys and gids under the age of 26 years who are current or former pupils of St Kfflfrid's RC Primary School or are resKlents of the Parish of St Wilfrid. The trustees have referred to the guKlance contain&J in the Chanty Commisskin'$ general guidan on public nefit when reviewtng the Charity's al and objeciwes, and in pknning future objectives. Trut•es Under the Trust Deed. tru$lee$ are appted for a period of three years. The trustees who have seNed during the year and Sin the year end are set out on page 1. Trustees are app)inted by the trustees of the Society of Jesus, the representative trustee is appointed ty the Educatjon Committee of Lancashire County Council. The existing trustees arzepl the obligation lo fvlly inf1 a new trustee of the duties and responsibilths of charity trustees by providing the new tnjstee with copies of the goveming instrument lin this case the charity wmmission scheme dated 4 May 1964), minute8 of prevlous meettngs ol the tmstees, renI annual accounts of the charity and the relevant (*arity commission pubficatb)n relaling to the rwsibilrbes of buste8s. Grnnt making pollcy The trnstees adverlise the avalability of fvnds through th8 irrtemet and by er$ written to the Heads of eligible s¢h(K)Is. The take-up is shown in the notes to the &counts. In 2025 six grants were made to schools but no grants to individuals. Financlal revlew The net nMIng resources for the Y were £1892 {2024.' ino)Ning £1806) detaiLs OfWh are shown on page Reserves policy The trustees have revtewed their Resep4es Policy and aim to hokl a cash reserve of £55,000 12024-£55,000). Thls recognises that over 94% of the charity's inconE is dependent on tenant In the event of a default or rental void cash would required to re-markel the prDperty, cover management and administration sts and lo respond lo emergency applications foF grants whh anse from time to time. At the year enij unrestricted reseryes were £94.623 $0 the Charity meets this policy. Approved b the trustees on .. Iilil.?L . and signed on their behalf by". Rev HJ Duffy SJ - chairnn
ROPER EDUCATIONAL FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 I report to the chwity tnjstees on my examination of the arUnts of the charity for the year ended 31 December 2025 which are sel out on pages 4 to 11. Responsibilities and ba818 of report As the charity's trustees you are responsible for the preparakn'on of the accourrts in accordan vthh the requirements of the Charities Act 2011 (Ihe Ad). I report in respect of my examinalion of Ihe ctsiV¢$ a¢Un fxried out under sectton 145 of the Act and in carying out my examinaty'on I have foltred al the appknbie Directions given by the Charity Commission under section 14515llb) of the Act. Indepèndent examlnorfs statement I have Completed my examination. I confirm that no material matters have ccffle to my attentKJn in connection with the examination giving me cause to believe that in any material respect accounting records were not kept in resped of the ch*ity as required by section 130 of the Act or 2. the accounts do not accord those records.. or 3. the accounts do not comply with the applicable Wulrerrts the fom 8T Content of accounts sel out in the Chartties (Accounts and Reports) RegulatK)ns 2008 other thartr any requirement that the accounts give a 'true and fair which is not a rnatter Conside as part of an independent examinatron. I have no concems and have rJ)me [OsS no other matters in nnlIon with the exanatiOn to whiGh attentlon should be drawn in this rep in order lo enable a proper understanding of the accounts to be rehed.
ROPER EDUCATIONAL FOUNDATK>N STATEMENT OF FINANCIAL ACTMnES AS AT 31 DECEMBER 2025 Total 2026 Totsl 2024 Fund Fund Investments 67,843 67,808 Total Income 67y3 67.808 Expendlture (m: Raising funds.. Investment managetrErt Costs Charttable activities 6291 6,291 59,660 10,132 55,870 Total expendlturn 66P51 65,951 66.OLf2 Net incomellexpenditurn) 1A92 192 Nol movoment In fundg 1092 1192 Total funds brought forward 92.731 810,CKKI 902,731 900.925 Property Revaluatb {210.0(X)} Tolal fund8 rrf•d forward 91623 902,731 All income and expendilure clerived f)rn (Xjnlinu aibitss.
ROPER EDUCATIONAL FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2025 2D25 Note Flxed a880ts Investrnent proFwknes (endovKnent fund) 810.oc Current assets Cash at bank Debtors 89,092 5,751 6,551 Total current assets 94.843 Credltors amounts falling due wlthln on8 year (1.6231 {2,112) Net current assets 94623 92,731 Net assets 694623 902,731 The funds of the charity: 10 Unrestrted nd Endowment fund 94623 6(W),WO 92,371 810.000 601.623 902,371 The notes al pages 6 to 10 lon part of these accounts. These accounts were approved by the Trustees on .... . . .. .. sKJned on the behalf by.. Rev HJ Duffy SJ- Chairnmn HA Rigby - Trnasurer
ROPER EDUCATIONAL FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 A¢¢ounting policies Ba913 of a¢¢ounting Roper Educational Foundation is a re9iStered charity in England. The address of the registered office is gtven in the chanty infofmalion on page 1 of these financial statements. The natu of Ihe charity's operations and principal activrttes are to benefft any maintained Roman cathol Schwl situated within the boundaries of the fonmer Borough of PstOn {in 19641 and to grve bursaries to boys and gills under the age of 26 yeays who are current or former puptis of St Wilfn'd's RC Prirrwy School or are residents of the Parish of St WIWrid. The charity constitlrtes a public benefft entsty as defined by FRS 102. Tr financi81 statements have been prepared in accordance with Accounting Reporting by Chaiities.. Statement of Recommended Practice applicable to charilies preparing their accounts arLOrdan with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in OctoLr 2024, the Financial Reporting Standard appltcable in the United lQng¢Jom and Republ of Ireland (FRS 1021, the Chattttes Act 2011, and UK Generalty Accepted Accounting Prathce. The financial statements have been prepa to give a 'true and fairf and have departed from the Charities {Accounts and Reports) Rulat)nS 2008 only to the extent requi¥1 to provide a 'true and fair V.. This departure has involved following the Accounting and RertIng by Charities: Statement of Recommended PrXtI applThble to charities preparing their aLxounts in cordance with the Finarscial Reporttng Standard applicable in the UK and Rewblic of Ireland issued in Octobèr 2021 rather than the Accounting and Reporting by Chafilie8: Slatement of ReecdnffEnded Pracb¢e effective from 1 April 2005 which has sinc• b88n thdraWn. The ac¢ounts have been prepared on a going concem basis under the historical cost convention with items recogniwj al cost or transion value unless otherwise stated in the relevant note{s) to these accounts. The sKJnifio8nt accountlThJ Fdic¢es apwied irF the preparation of these financial statements are set out below. These polrcies have been consistentty applEd to all years presenlgj unless otherwise slated. Income rOGognttlon All income is recognised once the charity has entiliement to the income, th8r8 is sufficient rtaInty of receipt and so it is protoble that income wll recerved. and the anKJunt of income receivab can be measured reliably. Interest on funds held on deposit ig irrjwjed UFon ThJtifyxti(Jn Of interest or payable by th8 Bank.
ROPER EDUCATIONAL FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 A¢wunting poli¢iD5 Icolrt7 Rgsourcos expended Llabililies ar8 rewnised as expenditure as soon as there is a legal or constructNe obligation commith'ng the charty to that enditure, it ts probth that 88tll&m8nt wll be rwuired and the amount of the obligation can be measured reliabty. All expèndlture is ac£ountl for on an aC¢nlS b8SiS. Grants payable are payments made to third Part in the furtherance of the charitable objects of the Tnjst. In the case of an uncondinal grant offer th 15 aorwed once the recipient has teen notified of the grant award. Grant awards Oiat are subie(to the reCIpntIu1l1lng perfmnce condifrons are onty accrued when the recipient has teen notified of the grant and any remaining unfutfilled ¢onditions att&hing to that grant are outside of the control of the Trust Provisions for grants are made when the witention to make a grant has been communt¢ated to the recipient but there B uncertainty as to the timing of the grant or the amount of grant payable. Govemance costs indude those costs assttiated wilh meetTng the ry)nstitut¥Thl and statutory requiremeTts of Ihe charity. IfrecoveFable VAT is tharged against the expendbture heading for which il wag iruThed Funds Unrestricted income funds comprise those fijnds vthich the trustses are free to use fDr any puryJse in fvrtherance of the charitaue otyects. The endovmEnt fvnd represents those ats which must be held permanently by the charity. Income arising on the endowment fund Can be used in accordanc wf(h the obieds of the charity and is included as nStrictl Income. Any capitsl gatns or losses arising on the investments form part of the fvnd. Investment management charges and legal relating to the frjnd are charged against Ihe fun¢J. This fvnd is represented by the freehold land and buiklings owned by the Trust, Roper Hall and 145 Matket Street West. Further details of eh fund are disck¢ed in note 10. Inv•slmevrt proporti•s InVestTIt properties for whth far value can be me&sured Teliably vthout undue cost or effort are mea$tsred at fair value at each reporting date with changes in fair value recognised in 'net gainsl(losses} on investments. in the SOFA
ROPER EDUCATIONAL FOUNDATION NOTES TO THE ACCOUNTS FOR ThE YEAR ENDED 31 DECEMBER 2025 Accounling policies (continued) Debtorn and creditor¥ re¢eivablelpayablg within one year Debtors and ueditors wilh no ststed Inte$1 r and receiv3tAe Fwable within one year are recorded at transaction price. Any losses arin9 from irrwirment are recognlsed in expenditure. Goin9 concern The financ¢al stateménts have been prepared on a going concem basis as the tnJstees believe that no material uncertainties exist. The tnjstees have considered the level of funds held and the expected level of income and expenditure for 12 months fr authorising these financial Statets. The budgeted income and expenditure is sufficienl with the level of fese¥ves for the charty to be abie to continue as a going conwn Judgements and key ¥ource8 of ¢stlmotlon uncerta#)ty The following jUdgents (apart from those invofvirKJ estimates) have been made in the p(wess of applying the above accountirKJ poks that have had the most slgnjficant effect on amounts recognised In the financhal ststements". The investrr*nt propety was vatued by HDAK at 31 2026 as £600.000. Investrnent income 2025 2024 Rent Interest on cash deposits 65.300 1543 65,242 67,843 67,808 In 2025, all £67.843 (2024: £67.808) of the invesfvnt income was atttibutable to unrostricl&Y fvnd Investm•nt managemont costs 2024 Repairs, rates and insurance Managernent fees 4,260 5,872 s80 6391 10,132 In 2025 all £6,291 12024:£10,132) of invrEnt managenrt costs were atttibutable to unrestrt¢ted funds.
ROPER EDUCATIONAL FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Grant to School8 St Teresa's 1rnary School St Ignalius's CaYK]c Prkmary st Augustine's Catholtc Prirwy S(K St Joseph's Primary School Blessed Sacrament Primary School St Gregory's Primary School Corpus Christi 6.470 11.51 4.750 17,075 15,510 6,660 15,695 6.852 16.046 14,832 59AS0 54,940 Administration Independent examtnerfs fee Legal Fees 930 17501 S9,660 55,870 In 2025 all £59.660 (2024: £55:870) of the expenditu on d)aritable activities was attributable to unrestrict&l funds. Independent examinerfs remuneration The independent examinerfs renwneration amounts to an independent exabyanatlon fee of £800 excluding VAT in relation to the year to 31 De(xnber 2025 and £775 exduding VAT in reLalh)n to the year to 31 December 2024. The ¢redf( for fees relates to the revwsal of a tyior year of £750 that is no knger wuired as no amunt is due. Trt•88. and key management personnel remuneratlon and expensos The bvstees neither receNed norwawed any femuneralion durrng the year {2025: £NII). The total amount of ernOyee t)enefits receNed by key ffonageNnt Fer8} is £nil {2025: £nH). The Trust considers its key management prsonnel comprise the truslees. trustees dKI not have any expenses reimbursed during the year (2025." £nil). Frnehold investment property The market value oflhe freehold land and buldings known as Roper Hall. 1131114 Frfargate, Preston and 145 Market Street West, Preston wa5 assessed by HDAK commerci Property Consultants. B2 Ptttman Court, Pittman Way. Fuknxl, Preston PR2 9ZG. The valuation was urtskeTr by Marts"n Ainsworth MRICS who is a director of the fim) and is a member of the Royal Instrtute of Chartered SuNeyors and has over 30 yeaF5' experien in the ValUat)n of commerciai property with particular emphasis on Preston. Having fegard to the pr&entcondition and current (Kcupabon of each ofthe 2 properti8s. HDAK believe that the market value as * the 31 DeLxts 2025 w reasonabty be assessed at a level of £600.000. Thts ks a reduction in the prevM)us valuation of £810,000 in 2015.
ROPER EDUCATIONAL FOUNDATION NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 DECEMBER 2025 Debtors 2024 Due from Tenants 6.552 5.752 5,752 Cfedltor6: amounts falllng due wlthln one year 2025 2024 Management Fees Independent examlnation fees Legal and profeSs)nal fees prOty Costs 491 432 930 750 172 1.623 2,252 10 Fund8 Unr¢stTlcted generdl fund Thls fvnd is represented by net txrrent assets. Unrestricted ftFnds £94.623 {2024". £92.731) are available for applicabon by the eharity under the lerms of the Trust and may be appl for clwitable purposes at the dire¢lion of the trustees. p•MneRtad0fttfnd This fund is reprwnted by the £6CH),000 12024.. £810,CM)01 investment property owned by the Trus( Roper Hall and 145 Market Street Wesl. There has been no movement in the fijnd during the year. Transactlons with trustegs TheTr was a related party of £11.5(K) ith St Igths p[nary &hDoI in the yèaT of which one of the Tntsw ts a (>)Vern 12(r24: £15.510) KI a rd*d party transaclion of £4 750 wrth St Augijstine's Primary School in the year of whth another Trustee i% a Govemor (2024.. £nilj. There wa5 no transactions wrth trustees and no expenses or remuneration were pak4 lo trustees during the year {2024.. £nil). Th&re was no professN)nal inderrnity lnsUrnft in place during the year for the trustees. 11