Ctrthrity registration number. 527912 Mountsorrel Educational Fund Annual Report and Flnanclal Sratements Forthe Y¢8r EThled 31* December 2025
Motsnt50tTel Educational FuThJ Cotttents Rtference and Admlnistratjve Ddai15 Thist¢es' Rep)rt 2to5 Ind¢pendeni Examine¢s Ke Statement of Fir¢1 Adiviti¢s Asscts & Lkabili¢ic5 Notes to the Finandal &aternents 9tolO
Mollntsorrel FAlueatlonal Fund Referenee and Administrative Details Trustees Chairnwi M Pirt S J Utt¢ridge R L Coullon A Duffy Vice-chair L Fortes¢ue-Poole P G Ho(Lwn P C OsFK)rn¢- restgned 315125 Rev C E Res¢b S Parfill R Gray J KeTthk L Danks- atqyoinred 2815125 N Kandola - aPID1¢d 25125 Other Officer5 E Resch Principal Office 4 Rothley Rd Mowitsorrel LoughboTOU Leice51er5hire LE12 7JU Charity Re8lSlrnti¢)n rttthibeT 527912 Bankers CAF BaDk 25 Kings Hill AveDY¢ Km8s Hill West M4]lin8 K¢ni ME194JQ Indqxndent Examiner Helen Harriwn FMAAT Cents31 Bu5inc55 SeTYiCC5 26 Oak BSinesS Qentre 79-93 Ratcliffe Road Shleby LoughF*)mugh LE12 7PU
Mountsorrel Eduudollal Fund Trnitee5' Report The trSlee$ hav¢ plcagjre in presenting their rep)rt and th¢ unauthtrd financial statements of the clrity for the year ended 31" Deecmber 2025. STRUCTURL COVERNANCE AI¥D MANAGEMENT The present Mountwrrel Ethicational Fund comprises onty the Mountstsrrel Educationtil Fund. The original chariti¢$ We combind and are Re8istrred by Deeds dad 23 Jun¢ 1874: The Consolid8ted Charitie5 Tbe Chatity of Thomas Ststhan The Charity of "Chard Nidd Th¢ Cljariiy of Joseph Danve R¢Bisiered CIMrity No.. 527912 TRUSTEES OF THE MOUNISORREL EDUCATIONAL FUND Tnjst Dee(Ls atn¢nded by the Scheme (dated 28 May 1993) stipulates there should b¢ twelve Tn.. One Ex-offi¢io Tntstee Five Nominated TrUees". Two by the iLiCe¢r$ht1t County Council the L4xa] EthKation Authority Three by the Mountsorrel Parish Coun¢il Six Co-optyj Trtte5 THE TRUSTEES Th¢ Intts who served th¢ charity durin8 the period were &$ follow& and app)intrd by.. R Coulton- Cfropted Trustee A [ffy- Leicestershire County Council nominatrd TnL8tr¢ L Fortes¢ue-Poole- (Vice-C"r) Covopted Tree R Gray- Co-opted Tnle¢ P G Hodson- C(wd Twse J K¢Trick- Mountsorrel Pati5h Council nornined Tlte P C osborne- L¢i¢eHershire County coll11 Tminated Trlee M Pirt- (Chaimthn) Mountsorrcl Parish Council norninaied Tntstre Rew C E Resch- Ex-offKio Trustee S Parfitt- Co-opted Trustee S J Utteridge- Mowbtsorrel Parish Council n(Knioatyl Trus*e L Datths- Leices¢tr5hire County Council nominatd Trlee N Ka101&- CLPiCd Trusi¢¢
Mountsorrel Edtional Fund Trusttes, Report Objectlves And e¢Mtles Obierts The TNstce5 have consided the CIKDmiwon'$ 8uidhC¢ on public tnefit in p3rncular. the splfi¢ guidance for the advanccrnent of eduution aD(( ID this way. apply the income of the Mounrrel Edu10[1 Futtd in )th of the following ways- a) In providkng equipn)eDi and other iienLS. scrvices and fllItieS for ]St Churrh and St Peters ChUh of EDgland School and thereby advancing education. b) In oth¢nvi5e pronling the cducauon {incluth"ng socia] a1 physi1 training) of per9)ns under the age of enty- rjve years who are pupi15 or former pupils ofthe Said Schwl or who have been. or who have had a pmi or guardian who h85 been resideni in the Parish of M0Untsth forat le 12 mont Publlc behejli If. and in $0 far as income ¢an be applied &s aforementiontyl the TnLqe¢s may apply th¢ inrome in 8enerally ¥dvancin8 educaii(m lincludLn8 5(Kial and physical training) within the Parish of Mountsorrel by providin8 and supwTrrting educ]0#1 facilities or in rnannu as the Tntstees think fiL The tnLSt¢¢s confirn) that they hav¢ wmplied with the rquirements of se¢tion 4 of the Charities Act 2011 to have due Tegard io the pxblic benefft Euidnce published by the ChDriry Commission for En8land and Wales. ACHIEVEMEfffis AND PERFORMANCE
Mountsorrel E41ucatlonal Fund The Tnjstees appkd the incont ofihe Mountsorrel E41ucatM)nal Fund in X125 as folknws: Scheduk oflhnis PaKI No. Conis nt5 Paul CIAUJ atrist (lutch ond St Pctcr5 Prttmry khool Htgher EdUtn and Trniiing A t£vel CoJk8e Students (hnt$- Music (knJ)t$- Olher CAants - Fducational T ' Total 18 24,.83 114XrfKI.(KI ).(KM).(M> IXJ8.11 21.036.86 3,623.74 IW69.54 Ic 21 LYANCIAL REVtEI4' Thc Trusi¢e¥ shall fu51 defray oul of the nconr ofihc alIty ¥U the PTDperco$¢s. Charges and e4nsc5. o( and incmlenial to, the and tmna8enrni ofthe alariry. 31 Ikc 2025 31 Dcc T(thl kncomlng Ilesollrstl Rc50urces used Nel SU$1 {Defrill 151.&)5.03 .2J43.94 48.538.91 .693 -119 Trustees, Report RESERVES POLICY It is the Policy of the Chan"ry jnaintsin fimds arc free reserves of the Charity. at a Itvel that equas 8PPTuximately one y¢4r's UTwcstricd manag¢m¢ni admiDistyaiion supwt costs. The TTUStees did lo¢re the le%'el of grants in 2019 10 appliLants alld retaird these at that lev¢l in 2025. The Trusttts will take into considcrati¢)n the level of 8Tants ID 2026 in vkew of the they hold. IUSK INAGEMENT The Twsttts have cxarnined the major 5trategi¢ twines5 and Operational risk$ that the Charity faces and confirm that systems have been ¢s18blished ts) enable regular re)rtS be prjUCed so that the necessary Mep5 can be taken to lessen these risks. Siatement of Trustees, Re4>onslbilhles United Kin8dom Accouniing Standards (United Kingdom G¢brallY Acce A¢¢ountin8 pra1¢¢) and applicable law and regulation5. The law applicable io charities requires the tntsttts io prepare finaDciai ststements for each financi ye4r which give 8 true and fair kiew of the srat¢ of affair5 of the charity and olthe in¢omit)g re5x>urces and application of resources of the charily for thai permmt. In prIng these financial 5tatemenLS. the t[SteeS are required to: Select suitsble accountsDg plicies at)d then 4yly them consisY.
Mountsorrel Edu1101 Fund Observe the aThJ prilpleS in the (7tarities SORP: Make judgements and estimaies that are reasonabl¢ and TThJ¢nL State whether applicable accouniin8 5tandariLs hake becn followed subjea to any material deparnire5 disclosed and explained in the financial s¢atemcnts: and Prepare the financial ststemeiits on the goi conccrn bw"$ unless it is inappTopFSate to presume that the chanty will contsoue in bSIness. The trnsttts are respoDsible for kcepin8 proper a¢¢ouniin8 re¢ords that disclose with re&nable accuracy ai any time th¢ fit)an¢ial P05Ltion of ihe chariry and enable them to enswt the financial $18tem¢nts comply with the Charities Act 2011, the appilcable Charitie5 IAccounts a¢)d Re[r} Re8uJaihoDS. and th¢ provision o(the constiWtioD. The trnsiees are also responsible for safegwdw the of the cbariiy a]Ml hence for res[M1b1¢ Sp5 for the prevention and detwtioD of ft2ud and other irregularitics. The annval rq w85 arnved by the ofthe ¢harity on and signed OD its behalf by.. chaiml M Pirt
Mount50rrel Edu¢Ational Fund IDdepelldeDt Examlner's Report to the trnstees ol Mountsorrel EdMctlonAI Fund I report to the charity tru¢¢9 on my cxwn1DiOll of ttK accowtts of the chgTiry for thc year ended 31° D¢¢¢mber 2025 which are on pages 6 to 9. Respeetlve rexponslbllltles of trttr$ and eXeT As the chartty's tnJ5t¢es of MounLsorrel Ethicational Fund you &re re4x)n$ible forthe preparntion of the A¢¢ounts in accordan¢¢ with the tequir•nents of the Charities A¢t 2011 {'th¢ A¢t'). I rert in rewt of my examination of the MountsorFel Elhti1 Fund's accsrnmts urried out under section 145 of the 2011 Act and in ¢arryin8 oul rny examination I have followed all th¢ applicable Directions 8Lven by the c.harity Commission under seciion 145(5Xb) of the ACL Independent examiner'5 Sthtemeni I have completcd my examination. I confrm th&t no material mattrr5 hav¢ come io my attention in connecti¢)n with the exsminaiion givin8 me cause 10 believe thai in any marial respe¢i.' . accounting records were w k¢pt iti rc5pca of Mouotsonrl Education Ftmd &s required by section 130 of th¢ A¢1; or 2. the accounts donot8¢¢oYd with those records: ty 3. the accounts do rtt)i comply with th¢ a¢Uting requir¢twJts concerning the fom) and content of accounts sd out in th¢ Charities {AccouDts and Ryttsl Regulations 2(K18 other than any requinnent that the accounts give a 'iruc aDd fair Vie wkn.rb is not a tDatier ¢oDsidered &$ pan of aD W¢ni examinatll. I have no concerns and have come acn)ss other malle in conneciion with th¢ examination lo which attention should b¢ drown in this rewjrt in order to cnable a pn)w Und18 of th¢ accounts to be read)ed. HeleD Harrison FMAAT C¢ntral Busin Services 26 Oak Business Ceotye 79-93 Baicliff¢ Rowl Silcby Lou8hlMTrrough LE12 7PU
Mountsorrel Educational Fund Statement of Financial Aclivitles for tbe Year Ended 31•t December 2025 Prepared on Income & Exptndlthre basis FIn¢1 SthtemETht for the ytAr e•thd311¢ Dt¢eNthr 21125 Un51[led Total ))25 Total 2024 I1tIeS fw geering Funi reeeldfrom M B8Dk ]Dter¢st R¢¢el Other kne•mt I45.).¢x1 6.tM15.03 o.(K) 78.COS.¢KJ 12.687.(X> o. 6.W5.03 Tthl recelO5 151311S.03 90th93 Cfraritthle Aellildes: Crdnrs nmde (knk Fees otfre F4enses AccouniarJ¢y Fees BankCbarg¢s IW69.54 3.155 82 218.58 I369.54 3.l55.82 218.58 54). 1.397.91 144.94 515. 323.67 43.94 21)0 J43.94 209,985.75 N¢t nWet in fynds 4&538.91 48538.91 -1 1929175 Re¢¢1114O of Total Funds bToughr foTW Total fiLnd$ ¢4JT¢d foThv4aTd ?17.483.41 108 94450 217,483.41 168 4450 1.16.776.16 217483AI Allof the charity's activities derive from ¢ootmuitig Ope10% durFng the above tWo[lOd
MouDtsorrel Educational Fylld Statement of Assets and Liabilfitles Prepared on Accrnls b4S15 Tw¥1 2025 TeA4 21124 At Short t¢mideposit8 I.373.25 22&912.16 o. o. o.txi Totsl Curremi Assets IKI,373.25 228,912.16 Credtors CkTk Fees Offe F41enses anis agrt¢d not dTaWm down Acrountancy Fees 551.25 32.95 26J36.80 5.(ITr5.39 567.(Kl Trtf Curre#t ljalxlities 6.172.39 27.461.IM The fancIal stsremenLS on pg¢5 6 to 9 were approved by the trustees. and authon.sed for issue And $i8ned on their behalf by.. /16e(w/irg Lhai MPin
lountsorrel Eduearfonal Fund Notes to the Financial Statements for the Year Ended 31 December 2025 Accounting poU¢ies Sixtemeni of compUnee The financial ststem¢nts have been prepared in a¢coWdaIe with A¢countin8 aod Rq>orting by Charities.. Ststemcnt of Recommended Pwti¢e applicable to ¢haritses Erying their £thAnts in &CrdanCe with the Finatt¢ial RertIng Standard applicabl¢ in the UK and liepublic olIr¢land IFRS 1021 letyective l Janu4ry 20191 - ICh#n"ties SORP{FRS 1021}.th¢ FitwicialR¢wJrtillg StsDdard applicable inthe L"KaDdR¢public of Ireland IFRS 102) aTMJthe chtieS A¢t 2011. B1515 of preprthiD Mountsorrel Edu¢ational Fujhl meets thedefinitson of a public bencfilentity ujxkr FRS 102. Assets and liabilities arc initially re¢o8ni5ed al hiSriCal cost or tra¢)sartion value unless othcrwise Sts¢cd in the ff Icvant accoijnting policy noies. The Company ¢ISe to change fr(ffn Accnwl to Rcceipts aTrd Payment xwiniin8 kt I" January 2021. The figures were restated Ln th¢ 2020 accounts rellect this. Exemptlon from prtpxrfng * fh statemeTrt The charity opted to iarlj. adopi Bull¢iin I published on 2 Felw 2016 aThJ have thereforr not included h cash flow statement in thcs¢ fmancial seD)r Golttg C0cern The mjstees consider that there are no mat¢riaI unccrtainiies ab(MJi the charitys abilTty to continue a5 a going concern. Income nd endowments Investment Income Investm¢nts are held by Mountsorrel Uniied Charitie5 (MUCI & Mountsorrel F.ducati¢)n81 Fund re¢eiv¢s 113 of that in¢ome. net of COS The hnc(xn¢ is Tecognized i)e li h8s been re¢¢iv¢d by MEF. dIre All eKpellditur¢ iSrenIsed oncepaid All cost5ar¢allo¢a¢ed to the applicable expenditufeheadingth8t8ggregate similar costs io thal cegory. Where costs canmbi be ditecdy attribu¢ed to particular headings they have be¢n allo¢aied on ab&sisconsisiellt with the use ofresoLtwe& withcentral staff ¢OStsallocaied onthe b&sis oftime spent. and depreciatiw ¢Trtargcs alloca¢ed on the wiion of the w. Od*r s1]I¥MXE ¢OSts are alkutyj based on the spread ofthffc05ts. R•iJing funds Ctivitie5 thai raise nds.
Mountsorrel Edu¢Atloial Fund Notes to the Financial Statements for the Year Ended 31 December 2025 Chrftble #dlvltks Chan'tsble expo¥Jiture com8¢5 te costs iZKUrr by the clwity in the ddivery of its activities and services for its beDefLeiaries. li includes TrKJth costs thai can i allocawl didIY lo Such activities and those c4Jsts of ao indirecl Daiur¢ necessary Supp theDL Grni prnvtsloTri Provision5 for grants are made when thc intention io make a nI h&5 beeo ¢LMtllnuuicad to the recipient but thcrc is Un¢eity alM)Ut either the timing of the grant w the amount of grant payable. GDvernnte costs These include th¢ Costs attributsbl¢ io the chariws ¢ompliance with conmitutional and ststutory wuirements. including audiL styagic managemeni and tnL4ttS' mcdings and reimburs&l expenses. Txth>n The chan.ry is considered to pass the tests sei out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore li mttts the defmrtion of a chanthble comwiy for UK corporation wrpose5. Accordin8ly. the harity is wjientially exempi from thxation in resKct of tn¢ome or capital gaitts received within ¢ategorie5 covered by Ch4)ter 3 Part I l of the co1)rai10n Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains A¢1 1992. the exieni thai such incom¢ w 8ain5 are applied exCh1vety w clwithble purposes. Fund $trnClure u1¢S¢te4 incorne flmds art general furmts that are available for we Jt the tru5ttes' dixretion in furtherthce of th¢ objeciive5 olthe ¢Irity. Relted prtv tran¢1105 DuriD8 the year the cbarity had the follc*wing related MouDtsorrel Unlted Charlile5 Each quarter the Tru%iees of the Mountsorrel United Charilics make a ¢k¢ision on I much to distribute to the Moulltsorrel Edu¢ational Futml IkpeThJing on th¢ available and thi5 amount bs thcn sent directly to their bhnk a¢¢ount. During the year. Mountsottel Unit&l Chwiiies all41 Mountsorrel Educ101 FuThl invesknitnt income of £145(W {2024- £78(Mkn}. 10