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
co￿ENTs
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 s￿tary 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(￿ (Inc0rpordt￿1)
for the year to 31 Juty 2025. The ￿)Unts have teen prepar&1 in ￿cOrda￿tr w￿h ￿ acLDuntlng
poIKaes set out in note I to the financial stAt￿ts and comply the chariiV5 memo￿anduM and
artlcles of aSS￿latiOn, the Companies Act 20ffi and "knnttThJ and Re[￿1r￿j by Chartties.,
ststement of Recomwded Pr￿kn￿ applicatrfe to d￿ritieS preparing tsr accounts in Kcordan
wlth the Flnancial Re[>￿tI￿3 StaTrJard applw2ble in the UK Rewblic of Iretand (FRS 102)"
(effective l January 2019).
structurei governance and ManageM￿t
Lfverl￿I CourKII ￿ Edu(aifon (Incortxrated) 6 a c(Nnpany Ilmlt& by guaranteei registered
number 00208578. The c£Jmpany Is also a reg&tered charlty, nUM￿r 526714.
+ Liverpwl Council of Ed￿ation (Incnrwrted) was incorporated on 23 September 1925 to act
as trustee of various d￿ri￿lIe fijnds aTrJ prThTr)te a￿1 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 d￿rftab1e actiV[￿eS through the Man￿ment
of restrfct&J fijnds and akn acts as the corF*Nate trustee of an unincorp)rated tharity,
Ltverp)ol Edijcational Foundation, wlw objerts are vwy similar b) fG own.
The tnJst*s are I￿ direcbjrs of the company for the purposes of the Companies Acts a￿1
the tsustees for purpc6es of charity law. Trustees are appoirted in accordan￿ with the
comparfs atiles of asscoation which provtde r¥jm1na￿ns to be made by
LIVer￿li aty COU￿11 and for (kher tnjstees to be ap￿1n￿ by the cu￿ent trustees.
present trustees are li£taJ on page 3, to3etF￿r with detsiEs of d￿ngeS in tsustees
Sin￿ l August 2024.
+ The current trustees regukirly sc*k 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 EdU￿tion (IncOrwrd￿) has no emr4oyees. The trustees gratefully
acknowl￿ge that much of their charitable adi¥itEs are achieved with help of voluntrRers
and the stsff of vBrious other LKganisatic￿s working in ed￿alK)n arml rdated fiekls.
Objecuveg and athltles
* The o)mpany Is emFQw￿ed to cary out a wlde range of charltsble èthltles for the b￿￿fit
of the Feople of LNerpxA. Our duriThJ the year sought to prc¥note edLTrCath)n in
L￿e￿oI 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 ed￿at￿al In￿ati￿.
* The trust￿ conflrn) that ifv have [￿erred to Its guIda￿e o)niaina In the tharlty
CommIssk￿ s gen￿al gUKlan￿ on publlc w￿n rerftewiThJ tharws alms and
objectives and in pAanniTrJ fu￿re activitE5.
Achlevements and perforn￿nce
Uttlt&ng the ino)me of LIVer￿￿￿ EdLKa0C￿al Foundatk)n, the trust fund of whlch uVerp￿1
Council of Education is corporate trustee, we m&le grants to LlverkY)ol secotKlary and special
schools arKI gave in Var￿￿S 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 LIverF￿1 Poety Exp).
<• As report￿1 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 Fl*ased with what 15 LEing achieval through
our grants and through our Involvenkth In sUp￿rt gn)ups for the prOJ￿t.
We are gradual￿ 5tt￿ng to make our ro￿ and work tEtter knwn. Our new workirg name,
LNertM)ol Eduratk)n Grdnts CharIta￿e 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 M￿la Is
pr￿ding.
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
dIar￿leS remalns saUsfa*ory.
+ 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 connec￿1 and a nN3Jor part of the
Unrestrttt￿ fijnds of UvwtKxl Coundl of Edwatk)n ([nc(ryrdt￿I) are managed as Of
investsment po)l.
+ TIE poll￿ of the tru*ees, 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 n￿tIng 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 P￿xI￿ a stabk ]￿e1 of income.
Plans for futyre perlodg
* In 2025126, the trLL*es are continuirvJ to to opttmise
chartys contslbutth to
$upW￿ng 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 n￿rk￿j 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 L￿r￿￿.
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($￿1, IncludlThJ Fctential exposure to
adverse Investment dec￿lOn$ aTrJ also the risks asscoal￿ with frd￿1uknt applications for help.
Steps have b*n tsken trj manage known iisks. The ttustees conttnue to assess risk management
Matte￿ at least annualty.
Indep￿dent examlner
companVs artlcles of assc(la￿n reyuire ￿ trust￿ to ccrfnply wlth the rquirements of the
Companie5 ALt 2006 and the {j￿rib.eS Act 2011 in regard to matters IndLKllng keeping records, arKI
audr( or inthpendent eXamInatk￿ of ￿)unts. P£c(KdiTrJPy, the trustees have appoIn￿l Mlss knILI
masc￿ of Mtr£hell charte￿￿)rth to &t as the comFonYs Exam]ner.
Small CoMp￿Y wovlslons
Thls report ha5 L*en prepar￿ In ￿cOrdan￿ wth the wial wovtslons relating to small companles
within Part 15 of the C(￿pankS Act 21x16.
statement of trustee￿ reg￿nsIbilItse9
The trust￿, who are akn the dlreltors for the pur￿￿Se5 of compaTry law, are responslble for preparing
this report and the accounts In aCCordar￿e 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 r￿urCes,
Irkd￿1Ing the Incrxne eXFe￿I￿Ure. of the (tharftable company for that year.
In preparlrKJ acmunts trustees are r￿uIr&I to
+ s*(t suitable raountlrwJ Fc41cles a￿1 then appty (XX￿]5ten1Jy.
observe the methods and pri￿ap￿S Lf the Charftles SORP;
make ]￿gements and estimates that are reasonable and
* state whether ap￿kable UK AccounttTr3 StstKlarts have b*n followgj, subFrt to any
materlal departu￿ dlsdcsed and explainbj In the acC￿nts. arnd
* prepare the accounts on the going COrK￿ basis unkn it is InaM)roprlate to presume that
the charity wlll contlnue In 0[￿rat￿n.
The trustees a￿ ￿spOnSIble kn keeplThJ ad4uate ￿U￿ting records that d19Jose wlth rea50￿ble
a￿raCY 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 ta￿ng
reasonab￿ steps for the prevent￿ and daeckn of fra￿ a￿1 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
(Inc0rpoTr￿1) for the year 31 july 2025.
Thls ￿P)rt Is made 50W to the charfvs tnth. as a LY*Jy, in actordarKe wlth 5￿tIon 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 flyn￿1.
ReSpO￿81b11it1eS 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 ￿c￿nts 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 r￿pert 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 folkn￿l the DIrth￿s 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 reS￿rt of tharity as rqulred by s￿u0n 386 of the
2C()6 Act; or
2. the accounts do not accord wth UN)se r￿rds. or
3. the accounts do not ccthpty wth x£ountiry requirements of Sect*￿ 396 of the 2006 Act
other than any require￿Ent 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 ￿cOrda￿e 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)n￿tion 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 re￿ed.
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 EXpEND￿uRE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2025
Current financial year
Total
funds
fijnds
Jnds
funds
EdUca￿Onal
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 th￿leS
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 (exk*ndItu￿}
11,655
1,859
19,535
33,049
46,191
MOVEME￿ IN FUNDS
11,655
I￿59
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 fina￿la1 activRI￿ Ind￿ all galns and kjsses reC￿nIsed In the year.
All Income and ￿endIture ckrive frcrfn cc4tttnulThJ ￿tIVIt*s.
The movement In funds detail&l alxwe crniplles with the reqU1TeK￿nts frJr a siatement of changes In
ulty under FRS 102.
The siatement of flnandal actfvI￿e5 also ccffiplles wtth the reqUIr￿nts for an Income aTh
expe￿Ilture 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
F￿ndatIon
2024
Total
funds
2024
2024
2024
2023
INCOME FROM:
Investments
Totsl I￿e
9.074
3,345
18,994
31,413
26,945
EXpEND￿uRE ON..
Ralslng funds
Charltable act￿e$
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￿ (eXpend￿re)
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 stst￿ent 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 reqUir￿￿ents fv a siatement of changes in
ulty under FRS 102.
The staternent of flnanclal activitE5 a19) c(ThpI￿5 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
InV￿tment (7shl(overdrdft)
Totsl fixed assd5
977,174
948,801
,707
939,584
CURRENT ASSErs
Debtors
Cash at bank
Tctal cU￿t aS￿ts
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 C￿panY 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 reswns1blltt￿S for ensurfng that the company keep5 accounOng
r￿ordS which compty with secknon 386 of the Act arKI for preparirvJ acC￿Jnts which give a true and
falr ￿ of the stste of affalr5 of company at the e￿1 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 ac￿unts, ￿ far as at4)IkalJe to the company.
The have rEqulr&l the ojnpany to obtsin an audit of ts ￿COUnts fvr ihe In
ql￿n In aC£Ordan￿ wlth sertbn 476.
These arxlwnts have prepared In act0rda￿e wth the PrDV[sK)￿ applt(7bbe io companles
subjett to the small companks reglrne.
The flnanclal ststemwts appr￿1 iry the L￿rd 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
ACcOU￿1NG 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(r￿n11￿j 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 Re￿rtIng by
Charities: Ststenwt of ReojMmend￿ Prd(tte atwlcable to d￿ritIeS preparing their
accounts In ￿rdan￿ wth the Finandal Reporting Stsrnlard appllcable in the UK and
republlc of Irekind (FRS 102° (eff￿t1ve 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 Cl￿VentIOn, mc*lified 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 ac￿Unts, 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 assess￿t the trustees have C￿￿ide￿I the likely
palt of all factors of which tFw are ojrrendy awa￿. The trustees therefo￿ continue
to adopt the going CCIn￿rn k*sis of ￿Counting in p￿par1ThJ the accounts.
1.3 tharii3ble funds
The natu￿ and purwtse of the furKls malniained are detail￿1 In r￿te5 12 to 14.
1.4 1nconE.
Irmme from ￿￿lty ￿Urted fc* when ￿ce￿. Incoffe from other
sources is induded In the stateM￿t of Finanaal Acliv[t￿5 on the b￿15 of the amunts
e￿ble for year.
1.5 EXF￿lture
Expenditure is Ind￿ In the Stat￿t 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 man￿jeMent expenses are Induded in
governan￿ costs. Invesiment man￿jement Costs are allctated pro rats to the slze of
share in the t￿1 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
Inve5tTh￿nts are induckd In the tx4jan￿ Sh￿ at thar Mar￿ Wdlue at the year end
date.
Reallsed galns aTrJ I￿se5 are Calcula￿ as the dIffere￿e tetw￿n dlsposal pr￿eedS
and purchase cost. Unreallsed gains a￿105￿ 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 as*ts to detwmlne whether there 15 any indicatlon that those assets have
suffer&d an Impalm￿t loss. If any s￿h 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 I￿uld In￿nents with ￿[nal matUrft￿ of three Tr￿￿th5 or kn, and bank
t)verdrafts.
1.9 FIna￿la1 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 InStru￿￿nts are recogntsal In ts d)arWs balan￿ Sheet when the tharlty
t￿L¥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 enfrX￿b1e 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 a￿ts, whlch IncI￿￿e debtors and cash and bank balances, are Inttlally
measured at transac￿ kyl￿ irtI￿lIng ￿d￿S￿iDn costs aThJ are subsequentty carrf￿1
at amortis&d cost uslrKJ the effthe interest meUJJd unless the arrangement
constttuks a flnancitKJ trdllSaCt￿￿, where the transactksn Is MeaSu￿j at the present
élue of the future r￿ipts 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 thnStF￿te5 a finandng transacuon, where the
dett Instnjment ts measured at the pre￿t value of the fubjre re￿Ipts 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 classif￿d as
ojrrent Itabilltie5 if payment Is due withln one year or le55. If noL they are presented
as n0n-cu￿ent liabilities. ueditors wnised inittally at transaction prl
and subs4uently measured at ar￿rtiSed cx)st ￿1r￿j eff￿tIVe interest methc*J.
Derecognition of finanaal1￿bI1thS
nanaal liabilttEs are derecognEed vAEn the cothctual obligations expire or
are dlscharyed ￿ oncelkd.
1.10 CustC*JK?n trustee
The fvnd is dE4S)sed separ7tsty as tt is represented by I￿ted 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 a￿1 has no share capllal. Each member
U￿ertakeS to o)ntrlbute to the assets cf trE aKnpany a sum not eXceed1￿j £1 In I
of wlEMIIThJ up.
As a r8JlsfEred tharlty the CCIn￿nY frC￿ exemptlor6 from taxatt)n
afforded by tsx legisk4tion and is not Ik4ble to c(jpc￿t￿ln 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
judgaM￿S, £￿MatES assumptknns about the Girylng amount of assets and Itabllldes
that are not readlty appar￿tt fr(Th other sourw. The esumates and a$s￿iated assumptions
are bas&1 on hlstortcal expW1er￿e other fakns that a￿ conskleral to be relevant, Actual
results may dlffer frc*n 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 aff￿ts only that period, or In the w(Kl of the revis￿n 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 INvEThE￿rS
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 JU￿2024."
As trustee of
LlverEK)ol Totsl
EdLKational
2024
Foundatbn
fiJnds
funds
Income from Investments
Bank de￿sIt 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 enthJwtI￿t at the
t of the (km￿, R(YJer Trkyris, WIK) is one Lf the tswstees.
IL41SING FUNDS
2025
2025
2025
2025
un￿ct￿j Restri¢tsJ As trLtstee of Total
fund5
fiJnd5 Li¥erpJol Edl￿a￿[￿l
F￿TrIali0n
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[ATEME￿S continued
FOR THE YEAR ENDED 31 JULY 2025
CHARrrABLE EXPENDrruRE
(>art
Grant and
Ihity
Totsl
Totsl
Other dirett
Ex[exli￿re 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 ¢(￿r￿cted 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 &IfvIt￿S (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
Restrict￿1 funds
As fJustee of COn￿ted 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 EXPEND￿uRE
2025
2024
GpANfs MADE:
Unresthcbl fiJThls: Total grants from Unrest￿ fun¢ts
ml
RestrittEd funds:
Youth work apprenticeship sc
Totsl gTrnts from re51Thtsl fvnds
L￿er[m￿l Educational Foundation..
sop H￿Jh
Gateacre Sthwl
Lcdje Gits, Col
J David Hhjh SdKol
LIPA ￿lMary and H*Jh 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 charl￿5
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 prO￿t 3,274
5,105
5,105
Total from Unre5b1￿ fund5
L￿er￿￿E EdLKattonal Foundation:
ros & Quttns Esw COMEE
Totsl fiDm ct)nne(ted d￿￿tIeS
3,392
Totsl dlrt tharfiable
8,497
I gTrnts WaE made the advarKEfftht of eduL*k)n. There w￿e rw d￿rgeal￿e SUPFQrt costs.
The tsustees ￿1Ved no remuneration or reIMt￿r5￿nent of eX￿nSeS 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%
All￿ted to grant maknng *NIt
All￿ted 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 IN5fRUME￿s
2025
2024
Canylng amount of finandal assets
Debt instruments measured at cost
Equlty instruments measured at fair value
through in(r*ne and experKliture
89,867
89,119
977 174
Canylng amount of flnanclal Ilabilltles
Measured at amortl*l cost
3,017
6,945
FIXED ASSEf INVESfMEfitS
2025
2024
Comr*)slte fund invthnts."
Market value at l August 2024
DisposaLs
Addit￿n5 at cost
Revaluati(￿ adjustments:
Histork gairs1(lOss￿} on digx)sais
Other changes In rna￿et 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 unre*ricted fuThls of LNeryKA
Coundl of Education {1￿) are Man￿Je￿ 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 DE￿Rs
2025
2024
[￿Je within one Y￿r.
AccrL*d income
71
71
48
48
I I LIABIL￿E5. 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 ir￿￿tm￿ sok
Unrealised gainsl(losses)
on 1nvesim￿t 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 REsfRI￿ED FUNDS
2025
2024
Balan￿ at l Awust 2024
Net (eXpen*)lI￿orne 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 Lfver￿X￿ C￿nd1 cl Educatlon for dlstribution under
the of the Hughes perri￿￿1 Will Trust All transartKMLS during the year related to
the Hughes Pe￿C￿al Wlll TrusL
14 FUNDS OF LIVERP(K)L EDUCATIONAL FOUNDATION
2025
2024
Bakin￿ at l August 2024
Net 1ncoffEI(ex￿nditUre for year)
R￿lised gaiTrsl(k)sses) on inVeth￿ts sokl
Unrealis&l 93ins/(losses)
on investr*nt revaluation
Balan￿ at 31 July 2025
676,901
(6,344)
630,518
(1,925)
26,872
676 901
FolbwirvJ a consdidation wth￿h 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 d￿rIty whose ccrfwrate trLth is Lwwl Qjuncil of Eduotton and
whose funds Ind￿Je some pemianent eThJovrnL The assets of LIverp￿1 Educatlonal
Foundation can k anaty￿1 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 B￿EEN 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 PART￿TRANSA￿[O￿S
As dKlosed in note 3b, one trustee, R(xJer M￿1$, made a donatkjn of £200 to the
expetKlable eth￿nt 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, L￿erP)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)nn￿tIOnS may occur
frcffi time to time.
Trust￿ of ￿Ver[￿￿4 Coundl of Edu(2tkn ckn paiticlpate In d￿slOr￿ in which eonflicis of
Interest C(￿Id IR pe￿Ned. LIv￿xI (Jty Councll, in Ilne wlth Its statut(xy educational
responsibSlltks, has a right uTrler ￿¥￿X)I CA￿￿1 of Educatfon's Articles of AsscckltvJn to
)minate two persons to wve as tnL5tees of Liverpwl Council of Ed￿atk)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