ANNUAL REPORT AND UNAUDITED ACCOUNTS ft)r the year ended 31 July 2025 of LIVERPOOL COUNCIL OF EDUCATION (INCORPORATED) Company limited by guarantee, company number 00208578 Registered charlty number 526714 which, connected charity LNewl Educational Foundation now the working name LIVERPOOL EDUCATION GRANTS CHARITABLE TRUST
LDIERPOOL COUNCIL OF EDUCAITON (INCORPORATED) ANNUAL REPORT AND ACCOUWS for the year ended 31 July 2025 coENTs Legal and administralive details Rep3rt of the trustees Independent Examinerfs report ststement of financial acttvities Balano sheet 10 Notes to the finanaal s&*ements 11-19 Page 2
LIVERPOOL COUNCIL OF EDUCATION (INCORPORATED) LEGAL AND ADMINISTRATIVE DEfAILS Company limited by guarantee, company number 00208578 Registered charity number 526714 Livewool Education Grants Charitable Tnist is usedas the joint kvorkin name for Liverpool Council ofEducation (Incorwrated) and its èssoaated trust Lnd Liverpool EducationalFoundabon Trustees Dawd Blythe Chantelle Da Mark Fallon Conor Foley Jeremy Gri Jennifer Holder Gareth Jones Roger Morris Éapwntedl Juty2025) BEDL Barbara Murray John 14in resigned 30Apnl 2025) Company stary Roger Morrls Registered offl 151 Dale Street Liver Bankers Lloyds Bank plc 88 - 94 Church Street Liverp(K)I LI 3HD Independent examiner Anita C Mason BA (Hons) BFP FCA Mitchell Charlesworth Chartered Accountsnts The Plaza 100 Old Hall Street Liverpi)ol L3 9AB Page 3
LfdERPOOL COUNCIL OF EDUCATION (INCORPORATED) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 The TnEtees present thelr report and the Unts ( CouThJl of Educati( (Inc0rpordt1) for the year to 31 Juty 2025. The )Unts have teen prepar&1 in cOrdatr wh acLDuntlng poIKaes set out in note I to the financial stAtts and comply the chariiV5 memoanduM and artlcles of aSSlatiOn, the Companies Act 20ffi and "knnttThJ and Re[1rj by Chartties., ststement of Recomwded Prkn applicatrfe to dritieS preparing tsr accounts in Kcordan wlth the Flnancial Re[>tI3 StaTrJard applw2ble in the UK Rewblic of Iretand (FRS 102)" (effective l January 2019). structurei governance and ManageMt LfverlI CourKII Edu(aifon (Incortxrated) 6 a c(Nnpany Ilmlt& by guaranteei registered number 00208578. The c£Jmpany Is also a reg&tered charlty, nUMr 526714. + Liverpwl Council of Edation (Incnrwrted) was incorporated on 23 September 1925 to act as trustee of various drilIe fijnds aTrJ prThTr)te a1 encourage eJuc3tion, in particular by asslstlng LlverwK)I schwls and their puplls. The o)mpanVs memorardum artKles &tat was upJabJ by special rw1UtM (13ted 2 Juty 2015. The aynpany has charlialje tivItIeS of ts own, other drftab1e actiV[eS through the Manment of restrfct&J fijnds and akn acts as the corFNate trustee of an unincorp)rated tharity, Ltverp)ol Edijcational Foundation, wlw objerts are vwy similar b) fG own. The tnJsts are I direcbjrs of the company for the purposes of the Companies Acts a1 the tsustees for purpc6es of charity law. Trustees are appoirted in accordan with the comparfs atiles of asscoation which provtde r¥jm1nans to be made by LIVerli aty COU11 and for (kher tnjstees to be ap1n by the cuent trustees. present trustees are li£taJ on page 3, to3etFr with detsiEs of dngeS in tsustees Sin l August 2024. + The current trustees regukirly sck collthjw wth uptrrdate knowle(ty of ojucational Ytorttles In LNerpJY. When app)inted, new IJUSt recefve Inductb)n and tsaining by ear of dis(0 with fellow tru5tee5 a] wtth adwser5. Eath trustee undertskes to contrlbute to the assets of the comtxqny a sum nrt exceedlNJ £1 In the event of wlndlng w). Lfverpts)I Councll of EdUtion (IncOrwrd) has no emr4oyees. The trustees gratefully acknowlge that much of their charitable adi¥itEs are achieved with help of voluntrRers and the stsff of vBrious other LKganisatics working in edalK)n arml rdated fiekls. Objecuveg and athltles * The o)mpany Is emFQwed to cary out a wlde range of charltsble èthltles for the bfit of the Feople of LNerpxA. Our duriThJ the year sought to prc¥note edLTrCath)n in LeoI in various ways: making grants to LEnefft pupils of Liverpcd secondary and SFeckil stho)Is, and making some grants and some dire£t chariiabie 1VitieS to assist other edatal Inati. * The trust conflrn) that ifv have [erred to Its guIdae o)niaina In the tharlty CommIssk s genal gUKlan on publlc wn rerftewiThJ tharws alms and objectives and in pAanniTrJ fure activitE5. Achlevements and perfornnce Uttlt&ng the ino)me of LIVer EdLKa0Cal Foundatk)n, the trust fund of whlch uVerp1 Council of Education is corporate trustee, we m&le grants to LlverkY)ol secotKlary and special schools arKI gave in VarS subi&ts to &X school leave vtho are now continuing thdr IuGltk)n at unfveth. Furtlw detsils are grriven In Note 6 on 16 of the atrch&l flnandal statements. Page 4
UVERPOOL COUNaL OF EDUCATION (INCORPORATED) REPORT OF THE TRusfEES contsnued FOR THE YEAR ENDED 31 JULY 2025 + For many yea, our charitsble acbvlty was made exdusively throLMJh grants. sIn 2022 vie have r&umeJ to an objer pattern arbj a19) canied out some dirert charltable actlvfty (rf our own. This initkltrve (Drtinued in 2024125 when we Incurral tr) support an Innovative project in whKh we gave financial Sukwt to allow pupils from slxteen Llverpcol sthools to parudpate In the LIverF1 Poety Exp). <• As report1 In OuS yeats, we have LEen making significant grants out of the accumulated incc¥ne the Hwhes Percival Scholarship Trust to provide ojre funding for a Youth Worf( Apprent[ShiP scheme thlnistered by the LlverFwl FC Foundation. Our major invofvement in monitoring suppjrtiry the devek)pment of thls proj ntInU throughcwjt 2024125. thJring 2023124 we had made a further grant of £25,000 to facllltate the next phase of thme. We remaln Flased with what 15 LEing achieval through our grants and through our Involvenkth In sUprt gn)ups for the prOJt. We are gradual 5ttng to make our ro and work tEtter knwn. Our new workirg name, LNertM)ol Eduratk)n Grdnts CharItae Trust has adopt&d to give a clearer wjea of what we do. We are usiTrJ our new kyJo, vK)rk on a website g)clal Mla Is prding. Financial results The flnatKlal results for the year are deiaikd in aco)unts on pajes 8 to 19. trustees are of the ry)inion that the o¥711 financial FQ51t of the Company and its asSOCiOt dIarleS remalns saUsfaory. + Our bak8rKe sheet Is sFKMin on page 10. LIverW Council of EducatKwJ itsdf has unrestricted of £346,694, tC¥Jether wlth restrkted funds of É20,894 bust furKls of £696,436. The trustees. polry is to Use all of thse funds appropriatety to support the WO of the tharity. Tr quanbjm trf the fuTrJs is sufftient much effethve work trj be done but we are irKreasirMJly aware that need is in(Teasing steallty fw year to year. Inve9tment pollcy and pwforman + With effect from l August 21)X the (7Wtal of CKJr connec1 and a nN3Jor part of the Unrestrttt fijnds of UvwtKxl Coundl of Edwatk)n ([nc(ryrdtI) are managed as Of investsment po)l. + TIE poll of the truees, in Ilne wlth powers atKJ dube5 contain&1 in the 9)verning Instruments aNI relevant ststutes, is to seek expert th In order to invest the invest[t txxjl in a diversified rar of investrnents whith overdll are inierKled to balance the two ulrements of a satisfattory curremt in(txne and h)nger-term capitsl growth. Investments are monii or&d regularty, and tnj$t hold a revlew ntIng wlth the Investment advlset5 at least On per annum. In 2024125 our wrtfolio pErfOTman was in line wtth its nchmarks and peer groups. VokUIIty and fluciuatk)ns In caplial values are now nomial but fortunatdy our Investments are deploy to PxI a stabk ]e1 of income. Plans for futyre perlodg * In 2025126, the trLLes are continuirvJ to to opttmise chartys contslbutth to $upWng education in Liverpxd. Our existirvJ prcgram cortinuing to dlscover potential ne•¥ cts of dlfferent are CKJntinuI and we are aEso , all withlfftoul(x)re purp)se. As we strNe to te ever K)re effective, we are also aware tha¢ although some of our orlglns are rn[h older, Septemkr 2025 nrkj the ntenary of liverpcK)I Ccsunal of Education (IncorFWdt&l) tecoming a charitable ccffipany. We are currently piannlng vark)us InKlattves which build on our history ways which will strerythen the capaaty of oursefves and r succ£wrs to contlnue to eduratlon In Lr. Page 5
LIVERPOOL COUNCIL OF EDUCATION (INCORPORATED) REPORT OF THE TRusfEES continued FOR THE YFAR ENDED 31 JULY 2025 Risk management The trust have revlew&l iisks to the dArlty Ls exp($1, IncludlThJ Fctential exposure to adverse Investment declOn$ aTrJ also the risks asscoal with frd1uknt applications for help. Steps have bn tsken trj manage known iisks. The ttustees conttnue to assess risk management Matte at least annualty. Indepdent examlner companVs artlcles of assc(lan reyuire trust to ccrfnply wlth the rquirements of the Companie5 ALt 2006 and the {jrib.eS Act 2011 in regard to matters IndLKllng keeping records, arKI audr( or inthpendent eXamInatk of )unts. P£c(KdiTrJPy, the trustees have appoInl Mlss knILI masc of Mtr£hell charte)rth to &t as the comFonYs Exam]ner. Small CoMpY wovlslons Thls report ha5 Len prepar In cOrdan wth the wial wovtslons relating to small companles within Part 15 of the C(pankS Act 21x16. statement of trustee regnsIbilItse9 The trust, who are akn the dlreltors for the purSe5 of compaTry law, are responslble for preparing this report and the accounts In aCCordare wlth applicable law and Untted Kingdcffi Accounting standards (Unltal Klngdom GeneRIty ArIe Aco)untiTrJ l)rdctsE). Ccffipany law wultEs the trust to prepare aCCCAJnts for each financial year whlth give a tnje and falr vlew of the stste ofaffairs of the charityaTrJ of the inixmnlry resources appltstion of rurCes, Irkd1Ing the Incrxne eXFeIUre. of the (tharftable company for that year. In preparlrKJ acmunts trustees are ruIr&I to + s(t suitable raountlrwJ Fc41cles a1 then appty (XX]5ten1Jy. observe the methods and priapS Lf the Charftles SORP; make ]gements and estimates that are reasonable and * state whether apkable UK AccounttTr3 StstKlarts have bn followgj, subFrt to any materlal departu dlsdcsed and explainbj In the acCnts. arnd * prepare the accounts on the going COrK basis unkn it is InaM)roprlate to presume that the charity wlll contlnue In 0[ratn. The trustees a spOnSIble kn keeplThJ ad4uate Uting records that d19Jose wlth rea50ble araCY at any ljme the flnanclal posWI of the charity and enable them to ensure that ac£ounts ccffipty with the Cmipanles Act 21KJ6. The trustees are also re%SIble for saftguarding ts assets of the tharfty and hen for tang reasonab steps for the prevent and daeckn of fra a1 other Ir]ularIt[es. Roger Morri5 Honorary Treasurer on behalf of all of the trLSt 15 Aprfl 2026 R..n.J
LIVERPOOL COUNCIL OF EDUCATION (INCORPOPATED) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVERPOOL COUNCIL OF EDUCATION (INCORPORATED) I wort to the trltstees on my examlnatkn of accounts of LiVe[rti C(xJndl of EdLKatw)n (Inc0rpoTr1) for the year 31 july 2025. Thls P)rt Is made 50W to the charfvs tnth. as a LYJy, in actordarKe wlth 5tIon 145 of the Chariti&s Act 2011. My examlnallon has been uthtsken 9) that I might strdte to the charlvs trustees lthse matters I am to state to them In an IndepetKlent Examlnerfs report and for no other purpse. To the fullest extent pemiitted by law, l th nrt acceFt or assurne responsn)Illty to anyone other than the Char and the tharws trustees as a lthy. for my examlnatlon, for thls report, far the opinions I have flyn1. ReSpO81b11it1eS and basls of report As trustees of the charity (and aly) Its dlrettors for the purF•Jses of company law) you are respon51bie for the preparation of the cnts in wlth the Nuirements ofthe Companks kt 2006 (ttE 2(IJ6 Art). Havlng satlsfied myself that the ac£ounts of the charfty are not Nuired to be audlted under Part 16 of the 2006 Act and are eltgible fr)r Indeperklent examination, I rewrt In rpert of my examinabon of the charftys 7Kcounts as carrfd (xrt under sectton 145 cl the Charftyes Att 2011 (the 2011 Act). In carrying rmrt my examlnatlon I have folknl the DIrths ty the Chartty Commbslon under section 145(5)(b) of the 2011 Act. Indepwmlent examinerfs s&e I have Complet my wmlnation. I can confim that no matters have to my attenlSJn in connection wlth ithe examination gNing me cause tD belie. l. acojuntlro records We not kept In reSrt of tharity as rqulred by su0n 386 of the 2C()6 Act; or 2. the accounts do not accord wth UN)se rrds. or 3. the accounts do not ccthpty wth x£ountiry requirements of Sect* 396 of the 2006 Act other than any requireEnt that the accounts give a true and falr view whith is not a matter considered as part of an Indepenthnt examination; ( 4. the acujunts have not been prqiargj in a0))rdan with the metlKJJs and prlnclples of the Statemert of Rec£mmend&d for accountiThJ and reFQrting by charliles appllcable to haritte5 preparing thelr aC)Unts In cOrdae with the financial Rep)rtlng Standard ap[cable In the UK and Republtc of Ireland (FRS 102). I have no concems arKi have co£ across rK) cther matth In 0)ntion wti h the examlnatlon to which attention shouka be drawn In this rep(Kt in order to enable a proper understsThJlng of the tounts to be reed. Miss Anlts C Ma50n BA (Fkjns) BFP FCA Mltthell Charkniorth Charteral Accountsnts The Plaza ICO Old Hall Street Liverpool L3 9AB 15 Aprfl 2026
LIVERPOOL COUNCIL OF EDUCATION (INCORPORATED) srATEMENT OF FINANCIAL AcrIvrrIES INCLUDING INCOME AND EXpENDuRE ACCOUNT FOR THE YEAR ENDED 31 JULY 2025 Current financial year Total funds fijnds Jnds funds EdUcaOnal 2025 2025 2025 2025 2024 INCOME FROM: Investments Donation5 Total Income 9,359 1,859 18,923 30,141 2(M) 30,341 31,413 3b 9,359 1,859 19,123 31,413 EXPENDrruRE ON: Ralsing ndS Charitable thleS Totsl expendibjre 2,T35 5,533 8,268 8,191 10,498 25,467 35,965 56,557 Net galns on Investments 794 25,879 38,673 71,335 Net Incomel (exkndItu} 11,655 1,859 19,535 33,049 46,191 MOVEME IN FUNDS 11,655 I59 19,535 33,049 46,191 RECONCILIAIION OF FUNDS Total fijnds br(wht foThvard 335,039 19,035 676,901 1,030,975 984,784 TufAL FUNDS CARRIED FORWARD 346,694 20,894 696,436 1,064,024 1,030,975 The statement of finala1 activRI Ind all galns and kjsses reCnIsed In the year. All Income and endIture ckrive frcrfn cc4tttnulThJ tIVIts. The movement In funds detail&l alxwe crniplles with the reqU1TeKnts frJr a siatement of changes In ulty under FRS 102. The siatement of flnandal actfvIe5 also ccffiplles wtth the reqUIrnts for an Income aTh expeIlture account under the Companles Att 201. Page 8
LIVERPOOL COUNCIL OF EDUCATION (INCORPORATED) STATEMENT OF FINANCIAL AcfNITIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 JULY 2025 Prior finanaal year Note Unre5blctsl Astntsof Totsl fijnds fuThls Liverpc¥)I funds Educational FndatIon 2024 Total funds 2024 2024 2024 2023 INCOME FROM: Investments Totsl Ie 9.074 3,345 18,994 31,413 26,945 EXpENDuRE ON.. Ralslng funds Charltable acte$ Total expendlture 5,547 8,191 8,040 10,638 25,000 20,919 56,557 28,452 Net gainsl(1055es) o Investments 23.027 48,308 71,335 (14,788) Net incorn (eXpendre) 21,463 (21,655) 46,383 46,191 (16,295) NEf MOVEM IN FUNDS 21,463 (21,655) 46,383 46,191 (16,295) RECONCtilATION OF FUNDS Total funds brought foTh¥ard 313.576 40,61XI 630,518 984,784 1,001,079 TOTAL FUNDS CARRJED FORWAPD 335,039 19,035 676,g)I 1,030,975 984,784 The ststent of financial thitles IrNY*S all gal and losses reccgnlsed In the year. All incoTr and expendthre tsive frL¥n continulThJ actiwties. The movement in funds detslled alx)ve (DmtAles wth reqUirents fv a siatement of changes in ulty under FRS 102. The staternent of flnanclal activitE5 a19) c(ThpI5 byith the requiranents for an Income and eX[ditUre account under the Companies Act 2006.
LDIERPOOL COUNCIL OF EDUCATION (INCORPORATED) BALANCE SHEFF AS AT 31 JULY 2025 31Ju 2025 31 Jul 2024 FIXED ASSErs Investments at market value InVtment (7shl(overdrdft) Totsl fixed assd5 977,174 948,801 ,707 939,584 CURRENT ASSErs Debtors Cash at bank Tctal cUt aSts io 71 86,334 98,336 iL4BILrfIES: amounts Falling due wlthln one ythr Ll CURRENT ASSErs 83,317 91,391 NEf ASSErs 1,064,024 1,030,975 THE FUNDS OF ThE CHARrrY Unrestricted furKIs Restrict funds LiverFoJl Educ3tional FoundatNJn Totsl charity funds 346,694 20,894 335,039 19,035 676 901 13 14 1,064,024 1,030,975 The CpanY is enbtkd to the exempkn from lJ7e audli r4ulrowit contslned in sectk)n 477 of the Companies Act 2LK16 for the year end8J 31 July 2025. The IJUSt acknowledge their reswns1bllttS for ensurfng that the company keep5 accounOng rordS which compty with secknon 386 of the Act arKI for preparirvJ acCJnts which give a true and falr of the stste of affalr5 of company at the e1 of the financial year and of Its IncrAmlng resources and applKatvJn of r)ur, irdudiThJ fs Inco and eKpendtture, for the financial year In acc¢¢dan with the requirements of Sect 394 and 395 and whith otheThYise compty with the requlrenwts of the Companles Act 2(X)6 relaung to acunts, far as at4)IkalJe to the company. The have rEqulr&l the ojnpany to obtsin an audit of ts COUnts fvr ihe In qln In aC£Ordan wlth sertbn 476. These arxlwnts have prepared In act0rdae wth the PrDV[sK) applt(7bbe io companles subjett to the small companks reglrne. The flnanclal ststemwts appr1 iry the Lrd of di1[$ atKI aut1K¥1 for Issue on 15 Aprfl 2026 and are slgt*d on the ix)ar(fs by: R.. R(YJw Morrfs Trustee arKI Honorary TrEasurer Q)mpany reglstratlon number 00208578 Page 10
LIVERPOOL COUNCIL OF EDUCATION (INCORPORATED) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 JULY 2025 ACcOU1NG POLICIES Charlty Irrform LlverrKd CourLII of EducatN)n is a prlvate cunpany limited by guaTrntee incorwrated In ENJlaThJ and Wale5. The re9i5tered Offi 151 Dale str L, L2 2AH. 1.1 A(rn11j convention Th&e acrwnts have LEen prepared In a)rdan with the chirlty's memordndum and artkjes of association, the Companies Act 21x16 and"Accountlng and RertIng by Charities: Ststenwt of ReojMmend Prd(tte atwlcable to dritIeS preparing their accounts In rdan wth the Finandal Reporting Stsrnlard appllcable in the UK and republlc of Irekind (FRS 102° (efft1ve l January 2019). The charlty is a Public Benefit Enbty as defined by FRS 102. The actounts are prepard in sterfing, whlch Is the fijnctlonal cuwcy of the charfty. Monetsry amounts in Ij$e financial statements are rounded to the nearest £. The accounts have be prepared uThJer the hlst(ical c(st ClVentIOn, mclified to Indude cwtsln financial Instrum at fdif Wdlue. Ihe prlnclpal accountiTrJ policies adopt&l a set out tEk3w. The Charfty has tsken ad¥ani&Je of In the SORP for tharitle5 applylng FRS 102 Update Bullettn l Th)t to prepare a StatenEnt of Cash Fk)ws. 1.2 ¢11ng corn2m At the ttme of approvlThJ the acUnts, the trusiEes have a rea9)nable expectation that the d)arlty has adequate resour to continue in operallonal existen for the foreseeable future. In maknrMJ this assesst the trustees have CideI the likely palt of all factors of which tFw are ojrrendy awa. The trustees therefo continue to adopt the going CCInrn ksis of Counting in ppar1ThJ the accounts. 1.3 tharii3ble funds The natu and purwtse of the furKls malniained are detail1 In rte5 12 to 14. 1.4 1nconE. Irmme from lty Urted fc when ce. Incoffe from other sources is induded In the stateMt of Finanaal Acliv[t5 on the b15 of the amunts eble for year. 1.5 EXFlture Expenditure is Ind In the Statt of Hnancial Aciivities on dE a(rruals basis, based ¢)n the amounts payable for work thne and grants Offer In year. Charitable acbvities a)nslst of gTrnt-makirrfJ and a55cKiated 5UPPOrt o)sts, If any. tndependent ex3mlnw s fees and incNknI manjeMent expenses are Induded in governan costs. Invesiment manjement Costs are allctated pro rats to the slze of share in the t1 at balar *Eet dats. Page 11
LIVERPOOL COUNaL OF EDUCATION (INCORPORATED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 continued 1.6 FIX asset investments Inve5tThnts are induckd In the tx4jan Sh at thar Mar Wdlue at the year end date. Reallsed galns aTrJ Ise5 are Calcula as the dIfferee tetwn dlsposal preedS and purchase cost. Unreallsed gains a105 are o7th1at&l as the reswjual movement in market lue durfng year. 1.7 Impaimient of flxed assets At each rerM)rtlng date, the charity the c3rying amounts of its fixed tsngible asts to detwmlne whether there 15 any indicatlon that those assets have suffer&d an Impalmt loss. If any sh extsts, recoverabie amount of the asset Ls lMated in order to (knnnlne the extent of impalmient loss (if any). 1.8 Cash and sh equivaknts Cash atKi (ash uivaknts indude sh in hand, detosts hekl at oll with banks, other short~temi Iuld Innents with [nal matUrft of three Trth5 or kn, and bank t)verdrafts. 1.9 FInala1 irthn The charty has ekrted to ath pmvtsions ttIon Il'Basic Financial Instrumen and tk)n 12.'Other finaNial Inthtwts tssues, of FRS 102 to all of Its financial instrlxnents. Ftnancial InStrunts are recogntsal In ts d)arWs balan Sheet when the tharlty tL¥neS paty to the contractual prcryish)ns of the InstNMt. Flnanctsl assets and liabilibes are set, wlth the net amounts presented in the financial staternents, when there is a bJally enfrXb1e right to set off the recognised amounts there Is an Intentlon tr) s&de on a FEt Lkists or to rea115e the asset arbj sethe the liabiliiy simutsno)usly. Baslc flnanckil ats, whlch IncIe debtors and cash and bank balances, are Inttlally measured at transac kyl irtIlIng dSiDn costs aThJ are subsequentty carrf1 at amortis&d cost uslrKJ the effthe interest meUJJd unless the arrangement constttuks a flnancitKJ trdllSaCt, where the transactksn Is MeaSuj at the present élue of the future ripts discrMJnteA at a market rate of Inte Finartial assets cla&slfkd as Nable wlthin year are t amorttsgj. B* financiallA?bllltés Baslc flnancLIl Ilabllities, irKludiTr3 creditors and bank bans are initrally recognIS at transart#)n prf unless the anatyrrÉnt thnStFte5 a finandng transacuon, where the dett Instnjment ts measured at the pret value of the fubjre reIpts dlwunted at a market rats of InteresL Hnarthl IrdlxlttE5 as payalk wSthln one year are not amorttsed. Page 12
LIVERPOOL COUNCIL OF EDUCATION (INCORPORATED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 continued nanaal inthjments (contin) Trnde credthrs are obligabons to pay ftjr gccds or seNtce5 that have been acquir&J In the LKdinary course of otEratiors fr( suppliers. Amounts paydble are classifd as ojrrent Itabilltie5 if payment Is due withln one year or le55. If noL they are presented as n0n-cuent liabilities. ueditors wnised inittally at transaction prl and subs4uently measured at arrtiSed cx)st 1rj efftIVe interest methcJ. Derecognition of finanaal1bI1thS nanaal liabilttEs are derecognEed vAEn the cothctual obligations expire or are dlscharyed oncelkd. 1.10 CustCJK?n trustee The fvnd is dE4S)sed separ7tsty as tt is represented by Ited investhRnts dass&J in one slngle pcx]l. The capltal of the conrwtrd charity and a major of unrthicted fuThls of LIVerrp Ccwnal of EdLntrJn (Inc) are as one Investmert pcol was apated on l ALbJust 2004. 1.11 C(panY stst aNI taxatv)n p)gbon The company is lknlted by guararrtee a1 has no share capllal. Each member UertakeS to o)ntrlbute to the assets cf trE aKnpany a sum not eXceed1j £1 In I of wlEMIIThJ up. As a r8JlsfEred tharlty the CCInnY frC exemptlor6 from taxatt)n afforded by tsx legisk4tion and is not Ik4ble to c(jpctln tax on incune or galrns falling wlthln tIMxe exempb'ons. The Company is not VAT registered. Expendlture Is recorded In the acc(yJnts Indusfve of VAT. 2 Cxitical accountirvJ estimates and judgements In the appli(2tK)n of the charivs Ko)untiThJ pc4Kies, the trusts a requir to make judgaMS, £MatES assumptknns about the Girylng amount of assets and Itabllldes that are not readlty appartt fr(Th other sourw. The esumates and a$siated assumptions are bas&1 on hlstortcal expW1ere other fakns that a conskleral to be relevant, Actual results may dlffer frcn t? estimates. The esumates and underlylng assumpUon£ are revlewed an onwlw bats. Revtslons to accounting lMateS are recognised in the perlcKJ in whldi the imate Is revtsed where the revision affts only that period, or In the w(Kl of the revisn and future peri(Kls where the revlslon aff&ts lJ)th current and Tlwe are no crfucal xcounllng tstlmates or judgunerrt5 in these accounts Page 13
LfrfERPOOL COUNCIL OF EDUCATION (INCORPORATED) NOTES TO THE FINANCIAL STATEMENTS continued FOR THE YEAR ENDED 31 JULY 2025 3a INvEThErS Unrostr Restrl(ted LNerpool funts funds Educational Foundatt Totsl 2025 Totsl 2024 Inccrfne from Investments Bank deposlt money on call interest 9.187 172 9,359 1,70D 159 1,859 18,582 29,469 30,467 341 672 18,923 30,141 31,413 For yearenled31 JU2024." As trustee of LlverEK)ol Totsl EdLKational 2024 Foundatbn fiJnds funds Income from Investments Bank desIt and on call irterest 8.882 192 9,074 950 395 3R45 18,635 359 18,934 31,413 30,467 3b tX)NATIONS A donatk)n of £2) was (2024". £NlI ) ar ajded to the expendable enthJwtIt at the t of the (km, R(YJer Trkyris, WIK) is one Lf the tswstees. IL41SING FUNDS 2025 2025 2025 2025 unctj Restri¢tsJ As trLtstee of Total fund5 fiJnd5 Li¥erpJol Edla[l FTrIali0n 2024 Total Investment management f 2,735 5,533 8,268 8,191 2,735 5,533 8.268 8,191 For the yearended31 Juty 2024.. Investment management f 5,547 8,191 5,547 8,191 Page 14
LIVERPOOL COUNCIL OF EDUCATION (INCORPORATED) NOTES TO THE FINANCIAL s[ATEMES continued FOR THE YEAR ENDED 31 JULY 2025 CHARrrABLE EXPENDrruRE (>art Grant and Ihity Totsl Totsl Other dirett Ex[exlire Supp)rt costs 2025 2024 Grant fuTrJing actNttEs (note 6) DI charitable attwities {note 6) Share of governa costs (note 7) 19,934 3,524 19,934 3,524 36,980 8,497 23,458 4,239 27,697 48,336 Analysls by fund Unresthcted fund5 Restricted funds As trustee of ¢(rcted charltEs 3.524 4,239 7,763 7,994 25,0 23,458 4,239 27,697 48,336 For the yeareTrled31 Ju 3024 Grant fundlw &IfvItS (note 6) reot charitable activibe5 {note 6) Share of govemarKe costs (note 7) 36,980 8,497 8,497 2fft9 Analysls by fund UnreslTlcted funds Restrict1 funds As fJustee of COnted chariiles 5,105 2,889 7,994 Page 15
LDIERP(K)L COUNCIL OF EDUCATION (INCORPORATED) NOTES TO THE FINANCIAL StATEMENTS continued FOR THE YEAR ENDED 31 JULY 2025 CHARrrABLE EXPENDuRE 2025 2024 GpANfs MADE: Unresthcbl fiJThls: Total grants from Unrest fun¢ts ml RestrittEd funds: Youth work apprenticeship sc Totsl gTrnts from re51Thtsl fvnds Ler[ml Educational Foundation.. sop HJh Gateacre Sthwl Lcdje Gits, Col J David Hhjh SdKol LIPA lMary and HJh SdKK4 NotsE Dame GItIv)1 Ac3demy st Franas Xavlerfs A(akny St John Bosco Arts CdleJe st Margarevs Academy nk View Hlgh thjc Clifford Holroyde Speckilist SEN C£dlege Sandfieid Park Schc Everton Free h( Ughthouse Harmonize Acèknry New Heights SCF Total of grdnts paKI kn indNKluaLs Total grdnts frlxn connthl charl5 3,0 2,000 1,380 2,5QO 1,000 500 IAoo 750 200 1,400 2,000 2,000 2,000 500 1,500 1,500 19,934 1,800 Totsl gRnts DIRECT CHARITABLE AcrtvrtIES Unrestrkted furnls: Pcety Exp) Scknls Parbctpatkxb prOt 3,274 5,105 5,105 Total from Unre5b1 fund5 LerE EdLKattonal Foundation: ros & Quttns Esw COMEE Totsl fiDm ct)nne(ted dtIeS 3,392 Totsl dlrt tharfiable 8,497 I gTrnts WaE made the advarKEfftht of eduLk)n. There we rw drgeale SUPFQrt costs. The tsustees 1Ved no remuneration or reIMtr5nent of eXnSeS from the rnmpany (2024 £ni4, ex[ for rdmbuysement of compan Fb3use f&s whkth wwe pak1 by Rojer MorTiS initialty. GOVERNANCE cosrs 2025 2024 Basis allcKaUon IndepeThJent examinerfs fee LeJal and regulatory fees Webslte costs 2,11)) 1,8% Allted to grant maknng NIt Allted to grant maknng *Nities All¢xated to grant making activities 105 959 Anatysoj LEtW Charltsble actmties 4,239 2.889 Page 16
LIVERPOOL COUNCIL OF EDUCATION (INCORPORATED) NOTES TO THE FINANCIAL sfATEMENTS cvnbnued FOR THE YEAR ENDED 31 JULY 2025 FINANCIAL IN5fRUMEs 2025 2024 Canylng amount of finandal assets Debt instruments measured at cost Equlty instruments measured at fair value through in(rne and experKliture 89,867 89,119 977 174 Canylng amount of flnanclal Ilabilltles Measured at amortll cost 3,017 6,945 FIXED ASSEf INVESfMEfitS 2025 2024 Comr)slte fund invthnts." Market value at l August 2024 DisposaLs Additn5 at cost Revaluati( adjustments: Histork gairs1(lOss} on digx)sais Other changes In rnaet rdlue Market value at 31 Juty 2025 948,801 (131,397) 121,096 883,932 (171,097) 164,630 2,162 39,682 Htstorfc at 31 July 2025 The capital of the (K)nnected charilles arKI a mah)r part of unrericted fuThls of LNeryKA Coundl of Education {1) are ManJe as one Invthent wl whth was created on l August and as at 31 Juty consisbj of: 2025 2024 IrNthents at market value as atove Investment (ash Total value of 977,174 948,801 10 DERs 2025 2024 [Je within one Yr. AccrL*d income 71 71 48 48 I I LIABILE5. Amounts falling due withln one year 2025 2024 Amounts falliryj due withln year. Page 17
LIVERPOOL COUNaL OF EDUCATION (INCORPORATED) NOTES TO THE FINANCIAL sfATEMENTS continued FOR THE YEAR ENDED 31 JULY 2025 12 UNREsfRicfED FUNDS 2025 2024 Balan at l Awust 2024 Net eyThJithre for year Realised gains/llo&ses) on irtm sok Unrealised gainsl(losses) on 1nvesimt rwdluat 335,039 (1,139) 715 313,576 (1,564) 11809 11079 10,218 Balan at 31 Juty 2025 The unre5trict fiJrKls a the acoJmulat8J of the company to be for Its tharftsble obj. 335 039 13 REsfRIED FUNDS 2025 2024 Balan at l Awust 2024 Net (eXpen)lIorne fc year Balano at 31 July 2025 19,035 40,6 At l August 2024 and at 31 July 2025 reslithd fuThts conslsted solely of Income transferred into tIE trusteeshlp of LfverX Cnd1 cl Educatlon for dlstribution under the of the Hughes perri1 Will Trust All transartKMLS during the year related to the Hughes PeCal Wlll TrusL 14 FUNDS OF LIVERP(K)L EDUCATIONAL FOUNDATION 2025 2024 Bakin at l August 2024 Net 1ncoffEI(exnditUre for year) Rlised gaiTrsl(k)sses) on inVethts sokl Unrealis&l 93ins/(losses) on investrnt revaluation Balan at 31 July 2025 676,901 (6,344) 630,518 (1,925) 26,872 676 901 FolbwirvJ a consdidation wthh tc*Jk in the year to 31 Juty 2017, the sole connect8J and sutsbjklry dkitity in the year to 31 luly 2025 vdas Liverpc(>l Educatlonal Foundation, a drIty whose ccrfwrate trLth is Lwwl Qjuncil of Eduotton and whose funds IndJe some pemianent eThJovrnL The assets of LIverp1 Educatlonal Foundation can k anaty1 as fdlows: 2025 2024 Unrestrict8J Re¥ Furnls: Pemianent En(k)wment Fund5: ExpeThJable Endowment Furnls: T(&1 40,449 463,836 41,460 449,547 185 Page 18
IJVERPOOL COUNCIL OF EDUCATION (INCORPORATED) NOTES TO THE FINANCIAL sfATEMENTS continued FOR THE YEAR ENDED 31 JULY 2025 15 ANALYSIS OF NEf ASSEfs BEEN FUNDS Totsl charltles Fur*J balarKes at 31 July 2025 repre5enied by: Share of invesbnent pcd Net curTent &ts Tctal net ass&5 324,443 656,264 980,707 696 436 For the year ended31 Juty2024.' Unrestrlct&l Connected Connected tharities Fund balan at 31 July 2024 are represent8J by: Share crf investr Net current assets Totsl net assets 303,298 636,286 939,584 335 039 676 901 1030 975 16 RELATED PARTTRANSA[OS As dKlosed in note 3b, one trustee, R(xJer M1$, made a donatkjn of £200 to the expetKlable ethnt of LlverFwl EdLK7tional Foundatlon duri the year. 59, as Stated in note 6, he was relmbursed £128 CompanE5 House fee5 whlth, because of CcffipanEs H¢XLse prcttdures, on [Y LE pald InNially debit card, vthKh the c(ynpany ltsetf Is unable to do. More generally, because of the nature of its obJectIves, LerP)of Counal of Educatk)n has tnjstees who in their various other cap3dUes are widely invdved with education in Liverpox)l. Barbard Murray and John PrIn atE both dett&l Mernb of Llverpcd fjty Council. Davld Blythe, Barbara Murray arKI Conor Fdey are Scho governors. Jennlfer Holderfs prindpal employment is with the LIV LeamirvJ Partnership. 011 similar (1)nntIOnS may occur frcffi time to time. Trust of Ver[4 Coundl of Edu(2tkn ckn paiticlpate In dslOr in which eonflicis of Interest C(Id IR peNed. LIvxI (Jty Councll, in Ilne wlth Its statut(xy educational responsibSlltks, has a right uTrler ¥X)I CA1 of Educatfon's Articles of AsscckltvJn to )minate two persons to wve as tnL5tees of Liverpwl Council of Edatk)n but that F4Jwer was not in operatK)n In 2024125. Except as stated, for the pur (rf the Charlty SORP, there were spEcific relat transactijns Identifi in the year to 31 July 20. Page 19