COMPANY REGISTRATION NUMBER: NI070888 CHARITY REGISTRATION NUMBER: NIC 104548
EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee Unaudited Financial Statements
Year ended 31 August 2025
K JENNINGS & CO Chartered accountants 30A Kilmorey Street Newry Co Down BT34 2DE
EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2025
| Page | |
|---|---|
| Trustees’ annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 13 |
| Notestothedetailedstatementoffinancialactivities | 14 |
EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report)
Year ended 31 August 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2025.
Reference and administrative details
Registered charity name EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED Charity registration number NIC 104548 Company registration number NI070888 Principal office and registered EDMUND RICE SCHOOLS TRUST office WESTCOURT CENTRE 8-30 BARRACK STREET BELFAST BT12 4AH N IRELAND
The trustees
MR MICHEAL JOHN MARTIN MR JOHN CHARLES DEVINE MR EDWARD McARDLE Mr DERMOT McGOVERN (Retired 7 August 2025) MS DONNA-MARIA TOHILL MR JAMES MURRAY Mr RAYMOND HUNTER (Appointed 7 August 2025) Company secretary PAUL SHEVLIN Independent examiner KEVIN JENNINGS FCA 30A Kilmorey Street Newry Co Down BT34 2DE
Structure, governance and management
The Foundation was Established in 2009 as a Company Limited By Guarantee and operates in line with its Memorandum and Articles of Association. The Main Object of the Company is to ensure and foster the advancement of education and to further the aims and purposes of Catholic education in the Edmund Rice tradition in colleges schools and other educational projects in Northern Ireland owned or operated by the Company in accordance with the Religion and Education philosophy of the Company as stated in the Edmund Rice Schools Trust Charter. Directors of the Trust usually meet on a monthly basis and Members and Directors meet 3 times a year including an AGM in October.
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EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2025
Objectives and activities
The Foundation was established in order to ensure the continuity of Catholic Education in the Tradition of Blessed Edmund Rice in Schools in Northern Ireland founded owned or operated by the Congregation until the establishment of the Foundation or founded owned or operated by the Foundation hereafter. Directors and Members are actively involved in the promotion of the ethos the planning and implementation of educational initiatives for example amalgamations school building works and new build in collaboration with other Trustees government agencies and a range of education authorities.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
All of the schools under the auspices of the Trust have performed very satisfactorily in terms of their curriculum offerings and their commitment to the Edmund Rice Ethos.The reputation of the Trust within the Catholic Sector and in the wider Educational Arena in Northern Ireland continues to be strong. Links and cooperation with other Edmund Rice schools and organisations locally and worldwide, are continuing to strengthen.
A process of Strategic Planning and Review is ongoing.
Financial review
The Charity had a surplus for the year ended 31 August 2025 of £27,129 (2024 Surplus £31,381).
Financial Updates provided regularly to meetings of the Board of Directors indicate that the running costs of the Trust are being maintained at levels within the allocation of resources.
The trustees’ annual report and the strategic report were approved on 21 October 2025 and signed on behalf of the board of trustees by:
f Lebel wlSe MR EDWARD McARDLE PAUL SHEVLIN Trustee Charity Secretary
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EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Year ended 31 August 2025
| report to the trustees on my examination of the financial statements of EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED (‘the charity’) for the year ended 31 August 2025.
Responsibilities and basis of report
As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination it is my responsibility to:
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examine the accounts under Section 65 of the Charities Act
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follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b)of the Charities Act
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state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
| have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the General Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.It also included consideration of any unusual items or disclosures in the accounts,and seeking explanations from you as charity trustees concerning such matters.
My Role is to state whether any material matters have come to my attention giving me cause to believe
1.That accounting records were not kept in accordance with section 386 of the Companies Act 2006
- That the accounts do not accord with those accounting records
3.That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
4.That there is further information needed for a proper understanding of the accounts to be reached.
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|
EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED (continuea)
Year ended 31 August 2025
Independent examiner's statement
| have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and in connection with following the Directions of the Charity Commission for Northern lIreland,| have found no matiers that require drawing to your attention.
KEVIN JENNINGS FCA Independent Examiner 30A Kilmorey Street Newry Co Down BT34 2DE
21 October 2025
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EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 August 2025
| 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Totalfunds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 118,000 | 118,000 | 118,000 |
| Investment income | 6 | 6,100 | 6,100 | 4,897 |
| Total income | 124,100 | 124,100 | 122,897 | |
| Expenditure | ||||
| Expenditure on charitable activities | 7,8 | 96,971 | 96,971 | 91,516 |
| Total expenditure | 96,971 | 96,971 | 91,516 | |
| Net income and net movement in funds | 27,129 | 27,129 | 31,381 | |
| Reconciliation of funds | ||||
| Total funds brought forward | 50,481,459 | 50,481,459 | 50,450,078 | |
| Totalfundscarriedforward | 50,508,588 | 50,508,588 | 50,481,459 |
The statement of financial activities includes all gains and losses recognised in the year. Allincome and expenditure derive from continuing activities.
The notes on pages 7 to 11 form part of these financial statements.
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EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Statement of Financial Position
31 August 2025
==> picture [430 x 205] intentionally omitted <==
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Note|£|£|£|
|Fixed|assets|
|Tangible|fixed|assets|12|50,000,000|50,000,000|
|Current|assets|
|Cash|at|bank|and|in|hand|511,223|510,150|
|Creditors:|amounts|falling|due|within|one|year|13|2,635|28,691|
|Net|current|assets|508,588|481,459|
|Total|assets|less|current|liabilities|50,508,588|50,481,459|
|Net|assets|50,508,588|50,481,459|
|Funds|of|the|charity|
|Unrestricted|funds|50,508,588|50,481,459|
|Total|charity funds|14|50,508,588|50,481,459|
----- End of picture text -----
For the year ending 31 August 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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e The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved by the board of trustees and authorised for issue on 21 October 2025, and are signed on behalf of the board by:
MR EDWARD McARDLE Trustee
The notes on pages 7 to 11 form part of these financial statements.
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EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
.
Notes to the Financial Statements
Year ended 31 August 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in N IRELAND and a registered charity in Northern Ireland. The address of the registered office is EDMUND RICE SCHOOLS TRUST, WESTCOURT CENTRE, 8-30 BARRACK STREET, BELFAST, BT12 4AH, N IRELAND.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
- Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by ihe revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
- Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied fo particular categories of income:
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e income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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° legacy income is recognised when receipt is probable and entitlement is established.
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° income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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® income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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° expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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e expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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° other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of asseis. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Limited by guarantee Every Member of the Company undertakes to contribute to the assets of the Company in the event of the same being wound up in which she/he is a member or within one year aftershe/he ceases to be a member for payment of the debts and liabilities of the Company contracted before she/he ceases to be amember and of the costs,charges and expenses of winding up and for the adjustment of the rights of the contributories among themselves such amount as may be requirednot exceeding one pound.
4. Limited by guarantee
- Donations and legacies
| 5. | Donations and legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Congregation of Christian Brothers Northern lreland |
118,000 | 118,000 | 118,000 | 418,000 | |
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Bankinterestreceivable | 6,100 | 6,100 | 4,897 | 4,897 |
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EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
| 7. | Expenditure on charitable activities byfund | type | |||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Charitable Activities 96,971 |
96,971 | 91,516 | 91,516 | ||
| 8. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly £ |
2025 £ |
2024 £ |
|||
| Charitable Activities | 96,971 | 96,971 | 91,516 | ||
| 9. | Independent examination fees | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: Independent examination of the financial statements |
1,680 | 1,680 | |||
| 10. | Staff costs | ||||
| The total staff costs and employee benefits forthe | the reporting period are analysed as 2025 |
follows: 2024 |
|||
| £ | £ | ||||
| Wages and salaries | 50,691 | 49,344 | |||
| The average head count of employees during full-time equivalentemployees during theyear |
the year was 2 (2024: isanalysed asfollows: |
2). The average number of 2025 2024 |
|||
| No. | No. | ||||
| Numberofstaff | 2 | 2 |
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
11. Trustee remuneration and expenses
During the Financial Year End 31 August 2025 Travel Expenses of £730 (2024 £1,591) were paid to Trustees.
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EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
12. Tangible fixed assets
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----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Land|and|
|buildings|
|£|
|Cost|
|At|1|September 2024|and|31|August|2025|50,000,000|
|Depreciation|
|At|1|September|2024|and|31|August|2025|-|
|Carrying|amount|
|At|31|August|2025|50,000,000|
|At|31|August 2024|50,000,000|
----- End of picture text -----
13. Creditors: amounts falling due within one year
2025 2024 £ g Accruals and deferred income . 2,635 28,691
- Analysis of charitable funds
Unrestricted funds
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||||||||
|---|---|---|---|---|---|---|
|At|At|
|1|September|31|August|20|
|2024|Income|Expenditure|25|
|£|£|£|£|
|General|funds|50,481|,459|124,100|(96,971)|50,508,588|
|At|At|
|1|September|31|August|20|
|2023|Income|Expenditure|24|
|£|£|£|£|
|General|funds|50,450,078|122,897|(91,516)|50,481,459|
----- End of picture text -----
15. Analysis of net assets between funds
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----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestricted|Total|Funds|
|Funds|2025|
|£|£|
|Tangible|fixed|assets|50,000,000|50,000,000|
|Unrestricted|Total|Funds|
|Funds|2024|
|£|£|
|Tangible|fixed|assets|50,000,000|50,000,000|
----- End of picture text -----
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EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Management Information Year ended 31 August 2025
The following pages do not form part of the financial statements.
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EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 August 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Congregation of Christian Brothers Northern Ireland | 118,000 | 118,000 |
| Investment income | ||
| Bank interest receivable | 6,100 | 4,897 |
| Total income | 124,100 | 122,897 |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 50,691 | 49,344 |
| Light and heat | 4,432 | 4,424 |
| Repairs and maintenance | 197 | 1,838 |
| Insurance | 1,983 | 1,566 |
| Other motor/travel costs | 8,711 | 8,283 |
| Legal and professional fees | 4,969 | 5,437 |
| Telephone | 1,918 | 1,342 |
| Other office costs | 24,070 | 19,282 |
| 96,971 | 91,516 | |
| Total expenditure | 96,971 | 91,516 |
| Netincome | 27,129 | 31,381 |
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EDMUND RICE SCHOOLS TRUST(NORTHERN IRELAND)LIMITED
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 August 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Charitable Activities | ||
| Activities undertaken directly Wages/salaries Light & heat Repairs & maintenance Insurance |
50,691 4,432 197 1,983 |
49,344 4,424 1,838 1,566 |
| Motor/travel costs | 8,711 | 8,283 |
| Legal and professional fees Telephone Other office costs |
4,969 1,918 24,070 |
5,437 1,342 19,282 |
| 96,971 | 91,516 | |
| Expenditureoncharitableactivities | 96,971 | 91,516 |
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