Bedford Educational Association - Charities report

REGISTERED COMPANY NUMBER: 00171179 (England and Wales)

REGISTERED CHARITY NUMBER: 307529

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

BEDFORD EDUCATIONAL ASSOCIATION

Page

Report of the Trustees

1

to

5

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8

to

9

Notes to the Financial Statements

10

to

18

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The aims and objectives of the Charity are:-

To advance the education of children and young people up to the age of 18 who are living in or attending schools in Bedfordshire by providing or assisting in the provision of educational facilities and/or by the provision of bursaries and grants for educational purposes.

Public benefit

The Trustees given due consideration to the Charity Commission's published guidance on the Public Benefit requirement under the Charities Act 2011 and is a public benefit entity.

Grantmaking

The company has appointed a Grants Committee to consider applications for financial support. This Committee meets as and when necessary and has delegated power from the Trustees to make decisions up to £1,000.

The Trustees meet three times a year to consider recommendations made by the Grants Committee on applications for financial support over £1,000.

ACHIEVEMENTS AND PERFORMANCE

Investment performance

The charity continued to receive the same rent as the tenant remained in situ and was tied in to a lease until the end of the term on 31 July 2025. The charity renegotiated a new lease of £75,000 per annum to 31 July 2030. The tenant has a break clause to terminate the lease on 31 July 2028 by providing no less than 6 months calendar notice. The charity retains a deposit as security from the tenant of £18,750, which is in an interest bearing account. This is repayable at the end of the lease term. As at the balance sheet date the increased deposit amount had not been received.

Due to a decrease in interest rates set by the Bank of England the charity decreased the amount of interest earned from its cash reserves. In the year, the charity's interest income was £7,903 (2024: £9,516).

On 25 July 2025 the charity received the assets of Alderman Newton's Educational Foundation (ANEF). This amounted to £13,537 in cash and a further £31,589 which was invested in a fund for charities. The activities of ANEF were similar to that of the charity and have been accounted for under the merger accounting rules as detailed in section 27 of the Charities Sorp. As at the balance sheet date the investments had decreased in value to £30,999.

Dividends in the year amounted to £222 (2024: £nil).

During the year grants were made to schools and institutions totalling £67,849 (2024: £57,166) and to individuals totalling £7,904 (2024: £15,504).

In pursuing our objectives, we have been able to deliver public benefit by helping young persons both individually and collectively to improve their educational achievement resulting in more able students being able to benefit society as a whole as they pursue their respective careers.

FINANCIAL REVIEW

Financial position

During the year the following occurred:

Expenditure on charitable activities increased during the period from £72,670 to £75,753.

The charity had an overall net expenditure over income of £6,054 (2024: £97,788 income over expenditure).

Principal funding sources

The Charity's principal funding source is by way of its investments. Its main investment is a property included on the balance sheet which generates rental income.

Investment policy and objectives

Under the Memorandum and Articles of Association the Charity has the power to make investments where the Trustees see fit.

The charity's main asset is the investment property from which it earns a rental income paid by a single tenant. The charity is regularly in dialogue with the tenant to assess the possibility of the lease being terminated. The Trustees periodically discuss the potential options for the investment property in the event of notice being given regarding the termination of the lease.

The charity operates a low risk strategy with its cash reserves. It looks to maximise investment income receivable from bank accounts, whilst balancing this with the need to keep funds readily available in the event of the termination of the lease. The Trustees look to ensure that the balances held at banks remain near to or under the FSCS protection limit of £85,000. At every trustee meeting a bank report is given, which includes other interest opportunities available and the status of the available funds.

The charity operates a low to medium risk strategy with regards to its listed investments on the stock market (primarily these will be in FTSE 100 and FTSE 250 companies). It limits these investment to be no more than 20% of its overall cash reserves and is monitored to ensure it is not over committed. Each initial investment in a chosen security shall be limited to £2,500 per share and £10,000 per fund and is reviewed on a quarterly basis.

The aim is to achieve a combination of growth and income, in order to provide the charity with additional funds to meet its overall objectives. The charity will therefore seek to hold a diverse range of investments to deliver upon its objectives over the short, medium and long term.

The charity may look to make investments in other major markets but must consider the exchange rate risk if it makes such investments.

The charity will avoid investments in sin stocks.

During the year the charity received listed investments within a fund from the Alderman Newton's Educational Foundation amounting to £31,589, these decreased to £30,999.

The Trustees discuss other potential avenues to maximise its income streams, with discussions on whether the charity should use some of its cash reserves as a deposit to expand its property portfolio by taking on a loan.

Reserves policy

The charity needs liquid reserves to be able to honour grants approved for an academic year. The current level of reserves is £1,374,660 (2024: 1,335,588) of which net current assets are £274,660 (2024: £235,588). Most of the current asset reserves are held within bank accounts £251,276 (2024: £243,158):

31.08.25

31.08.24

£

Current account

13,248

9,504

Easy Access account

83,630

-

Instant Saver account

65,509

53,787

Instant Access account

-

22,874

120 Day notice account

88,889

87,750

2 year fixed rate

-

69,243

251,276

243,158

The charity has funds available for immediate use of £162,387 (2024: £86,165). A further £88,889 (2024: £87,750) is available within 120 days by giving appropriate notice. A balance of £nil (2024: £69,243) is held in a 2 year fixed saver with a maturity date in December 2024.

The Trustees consider the current amount of funds to be more than adequate for the purpose of honouring its grants.

The charity sets aside approximately the equivalent of one year's rental income to ensure that it can continue to offer grants in the event of any irrecoverable rental default or if there is a period where the property could be empty.

The charity does not have to provide any donations in a year other than those it has committed itself to, which can be seen in the financial commitments note.

During the year the charity received a one off injection of funds from the Alderman Newton's Educational Fund of £13,537.

The Chairperson of the Grants Committee is making known to relevant bodies that funds are available for appropriate applications.

Going concern

The Trustees believe that there are no material uncertainties about the charity's ability to continue for the foreseeable future.

FUTURE PLANS

The charity plans to continue with how it operates in terms of income generation and grants awarded for the foreseeable future. It aims to give grants to schools and other educational organisations as well as to individuals up to the age of 18 who live and/or are educated within Bedfordshire. The profits from the rental income are the funding source of the grants.

The charity has a lease in place to 31 July 2030, with a break clause being able to be enacted by the tenant to vacate the premises on 31 July 2028. The charity therefore has this certainty of income for 3 years. For contingency purposes, however, the Committee will consider possible options for the main asset should the tenant opt not to take out a new lease beyond 31 July 2028.

As part of the lease negotiations it was agreed that both the charity and the tenant would undertake work to the building based on the advise of a Chartered Surveyor in terms of what work was deemed to be essential now. Other works to the building are expected to be undertaken over the lease term based on the Chartered Surveyor's report.

The Trustees are constantly looking at new ways to benefit the community by evolving the type of project to which they can grant aid, as well as improving awareness of their work amongst the community. The charity is trying to enhance this further by website updates and the use of social media.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee incorporated on 2nd November 1920 and registered as a Charity on 21st November 1962. The company's Memorandum of Association dated 14th January 2002 establishes the objects and power of the Charitable Company and it is governed under its Articles of Association.

Recruitment and appointment of new trustees

The committee regularly reviews its composition in relation to skill set, age and gender structure, and potential replacement requirements. It is constantly on the lookout for potential new candidates that could enhance BEA's offering to the community.

Once an individual has been approached or has applied for the position they are invited to attend a meeting. This ensures the potential new trustee can see exactly what is involved, if it is something they would like to be involved with and if they can add to the strengths of the current trustees. It also means the current trustees can meet the potential new trustee to establish whether they would be a good addition to the committee.

After meeting the potential new trustee, the trustees may or may not decide to appoint him/her.

Induction and training of new trustees

All new Trustees are given a link to the government guidance "Charity trustee: what's involved (CC3a)" prior to their appointment and asked to confirm their eligibility prior to appointment as a trustee.

Related parties

Details of the related party transactions are disclosed within Note 16 (Related Party Disclosures).

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

00171179 (England and Wales)

Registered Charity number

307529

Registered office

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

Trustees

Mrs L Cebula

Dr R H Oakley

Mrs C Saenger

Mrs N Reddy

Mr M D Rawlinson FCCA CTA ACA

Mr M D Ward

Mrs L M Woodrow

Company Secretary

Mr M D Rawlinson FCCA CTA ACA

Independent Examiner

MDG Business Associates Limited

Room 73 Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

Approved by order of the board of trustees on 21 April 2026 and signed on its behalf by:

Mr M D Rawlinson FCCA CTA ACA - Trustee

Independent examiner's report to the trustees of Bedford Educational Association ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors 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 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Victoria Moore FCCA

MDG Business Associates Limited

Room 73 Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

21 April 2026

31.8.25

31.8.24

Unrestricted

Total

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Investment income

2

76,653

77,116

Other income

3

8,920

8,382

Total

85,573

85,498

EXPENDITURE ON

Raising funds

4

8,963

8,425

Charitable activities

School and educational institution grants

67,849

57,166

Tuition fees for individuals

7,904

15,504

Other

6,100

6,615

Total

90,816

87,710

Net gains/(losses) on investments

(811

)

100,000

NET INCOME/(EXPENDITURE)

(6,054

)

97,788

Other recognised gains/(losses)

Charity merger

45,126

-

Net movement in funds

39,072

97,788

RECONCILIATION OF FUNDS

Total funds brought forward

1,335,588

1,237,800

TOTAL FUNDS CARRIED FORWARD

1,374,660

1,335,588

31.8.25

31.8.24

Unrestricted

Total

funds

Notes

£

FIXED ASSETS

Investment property

9

1,100,000

CURRENT ASSETS

Debtors: amounts falling due within one year

10

17,598

17,250

Investments

11

31,000

-

Prepayments and accrued income

7,663

7,080

Cash at bank

12

251,276

243,158

307,537

267,488

CREDITORS

Amounts falling due within one year

13

(32,877

)

(31,900

)

NET CURRENT ASSETS

274,660

235,588

TOTAL ASSETS LESS CURRENT LIABILITIES

1,374,660

1,335,588

NET ASSETS

1,374,660

1,335,588

FUNDS

14

Unrestricted funds

1,374,660

1,335,588

TOTAL FUNDS

1,374,660

1,335,588

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 21 April 2026 and were signed on its behalf by:

Mr M D Rawlinson FCCA CTA ACA - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by 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 (FRS 102) (effective 1 January 2019)', as amended by Update Bulletin 2 published in October 2019, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements of the charity have been prepared using the merger accounting basis in accordance with Chapter 27 of the Charities SORP (FRS102), as the criteria was met having acquired the assets of a charity.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Investment income, such as interest is recognised on a straight-line basis over the relevant term at the interest rate applicable. Where dividend income is receivable, this will be recognised when physically paid to the charity's investment account.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease unless the lease payments are structured to increase in line with expected general inflation in which case the income is recognised as revenue in accordance with the expected payments. Where there is a discounted period on the rental income, the rent is recognised on what is receivable in those periods pre and post the discounted period. Any income received from the early termination of the lease, which arises from the discounted period will be recognised in the year notice has been given. Rental income is included under investment income.

Other income is reimbursed expenses charged on to the tenant in the period to which the expense relates.

The charity relies upon Mrs L Cebula to attend to its day to day administrative affairs. The type of work involved includes (non-exhaustive list): sending out grant applications, corresponding with the schools, parents and other interested parties relating to the grant applicants and providing the other trustees with the summaries of the prospective grants ready for general meetings.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Expenditure

Liabilities are recognised as expenditure in the Statement of Financial Activities as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Creditors

Short term creditors are measured at transaction price, less any impairment.

Investment property

Investment property is held to earn rentals and for capital appreciation. Investment property is shown at most recent valuation. Investment property are initially measured at cost, including transaction costs. Subsequently investment property is recorded at its fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities and at each reporting date is transferred from the general fund to unrealised fair value investments fund.

Investment property is subject to valuation by the directors or by external valuers, determined on the fair value basis using the market approach being based on market transactions involving similar assets.

Investments

Investments are held to generate income or for their potential increase in value or both. These will be treated as fixed asset investments. Fixed asset investments exclude those investments held specifically for sale or those investments which the charity expects to realise within 12 months of the reporting date, where they would be transferred to current assets.

Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Impairment of non-financial assets

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a fair value there the impairment loss is a fair value decrease.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.

Provisions

Provisions are recognised when the charity has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the charity will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

2.	INVESTMENT INCOME

31.8.25

31.8.24

£

Rents received

68,528

67,600

Other fixed asset invest - FII

222

-

Deposit account interest

7,903

9,516

76,653

77,116

3.	OTHER INCOME

31.8.25

31.8.24

£

Reimbursed insurance costs

8,920

8,382

4.	RAISING FUNDS

Investment management costs

31.8.25

31.8.24

£

Support costs

43

5.	GRANTS PAYABLE

31.8.25

31.8.24

£

School and educational institution grants

67,849

57,166

Tuition fees for individuals

7,904

15,504

75,753

72,670

During the year the charity made material charitable donations to the following institutions:

31.8.25

31.8.24

£

Country Days Ltd

3,000

Booktastic

5,000

-

Beds Festival

1,250

Faces

6,000

Families United Network

3,000

Greenleas School

-

8,000

Lakeview Village Hall

-

1,500

Sharnbrook Primary

-

4,500

Food Etc

1,200

2,400

Heart Academy

4,890

-

Toddington St George C of E

8,482

-

Spiral Freerun CIC

-

10,000

Making Me

-

4,320

Bedford Creative Arts

5,000

-

Bedford Blues Foundation

5,000

-

Wixams Academy PTA

-

1,500

Woburn Lower School

-

9,000

Pyramid Schools Trust

3,360

-

Cotton End Forest School

2,667

-

Our Lady Immaculate Catholic Academy

2,000

-

Edith Cavell

3,000

-

Livingstone Primary

5,000

-

Elizabeth Curtis Riding Centre

6,000

-

Others

3,000

2,696

67,849

57,166

6.	SUPPORT COSTS

Information

Governance

Finance

technology

costs

Totals

£

Investment management costs

43

-

43

Other resources expended

-

76

6,024

6,100

43

76

6,024

6,143

Support costs, included in the above, are as follows:

31.8.25

31.8.24

Investment

Other

management

resources

Total

costs

expended

activities

£

Licences

43

-

43

Website costs

-

76

Independent examination

-

1,032

996

Trustee meeting costs

-

506

553

Sundries

-

44

34

Accountancy and legal fees

-

2,064

1,056

Professional fees

-

2,378

3,900

43

6,100

6,143

6,658

7.	INDEPENDENT EXAMINERS' REMUNERATION

31.8.25

31.8.24

£

Independent examination

1,032

996

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

9.	INVESTMENT PROPERTY

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

1,100,000

NET BOOK VALUE

At 31 August 2025

1,100,000

At 31 August 2024

1,100,000

Operating lease of investment property

The charity rents out the investment property under an operating lease. The lease expires on 31 July 2030.

The future minimum lease payments receivable for the properties up to the next break clause (31 July 2028) are as follows:

31.8.25

31.8.24

£

Amounts falling due within:

Within one year

75,000

61,967

Between one and five years

143,750

-

More than five years

-

143,750

61,967

Fair value at 31 August 2025 is represented by:

£

Valuation in 2024

1,100,000

The investment property was valued on an open market basis on 31 August 2024 by the trustees. The trustees have considered the value of the property and the carrying fair value is not materially different to the current market value.

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Deposit held

17,598

17,250

11.	CURRENT ASSET INVESTMENTS

31.8.25

31.8.24

£

Listed investments

31,000

-

The listed investments were received from the Alderman Newton's Educational Foundation are shown as current assets, as it is the intention of the charity to dispose of these within the next 12 months of the balance sheet date.

12.	CASH AT BANK

31.8.25

31.8.24

Total

funds

£

Bank account

13,248

9,504

Instant saver

65,509

53,787

Instant access

-

22,874

Bank fixed saver account

-

69,243

Bank 120 day notice account

88,889

87,750

Easy access account

83,630

-

Total

251,276

243,158

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade creditors

3,652

3,411

Deposit held

17,598

17,250

Accruals and deferred income

11,627

11,239

32,877

31,900

14.	MOVEMENT IN FUNDS

Net

movement

At

At 1.9.24

in funds

31.8.25

£

Unrestricted funds

General fund

1,235,588

39,883

1,275,471

Unrealised fair value investments fund

100,000

(811

)

99,189

1,335,588

39,072

1,374,660

TOTAL FUNDS

1,335,588

39,072

1,374,660

Net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

Unrestricted funds

General fund

85,573

(90,816

)

45,126

39,883

Unrealised fair value investments fund

-

(811

)

(811

)

85,573

(90,816

)

44,315

39,072

TOTAL FUNDS

85,573

(90,816

)

44,315

39,072

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.9.23

in funds

funds

31.8.24

£

Unrestricted funds

General fund

1,237,800

97,788

(100,000

)

1,235,588

Unrealised fair value investments fund

-

100,000

1,237,800

97,788

-

1,335,588

TOTAL FUNDS

1,237,800

97,788

-

1,335,588

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

Unrestricted funds

General fund

85,498

(87,710

)

100,000

97,788

TOTAL FUNDS

85,498

(87,710

)

100,000

97,788

A current year 12 months and prior year 12 months combined position is as follows:

Net

Transfers

movement

between

At

At 1.9.23

in funds

funds

31.8.25

£

Unrestricted funds

General fund

1,237,800

137,671

(100,000

)

1,275,471

Unrealised fair value investments fund

-

(811

)

100,000

99,189

1,237,800

136,860

-

1,374,660

TOTAL FUNDS

1,237,800

136,860

-

1,374,660

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

Unrestricted funds

General fund

171,071

(178,526

)

145,126

137,671

Unrealised fair value investments fund

-

(811

)

(811

)

171,071

(178,526

)

144,315

136,860

TOTAL FUNDS

171,071

(178,526

)

144,315

136,860

On 25 July 2025 the Alderman Newton's Educational Foundation ceased its charitable activities and transferred £45,126 to the charity. This amount is shown in net movements in funds and consisted of cash of £13,537, investments of £31,589 and the net movement of the overall funds in the year of the charity of £6,054.

The funds received are all unrestricted funds, as the charities had similar objectives to one another.

15.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the charity has committed to making donations of £nil (2024: £nil) when the recipients reach a certain threshold.

16.	RELATED PARTY DISCLOSURES

Mr M Rawlinson

A trustee and company secretary of the charity and is also a partner of Rawlinson Pryde & Partners (RPP).

RPP invoiced the charity £1,056 gross (2024: £1,020) in order to prepare the statutory accounts prior to independent examination. In addition RPP charged the charity £72 (2024: £nil) to courier title deeds, as less expensive option to what was being quoted by external providers. There were no amounts due from the charity as at the balance sheet date.

The trustee was also reimbursed £506 (2024: £34) for expenses relating to charitable expenditure.

Mrs L Cebula

A trustee of the charity was reimbursed £10 (2024: £553) for expenses relating to charitable expenditure.

17.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee, as a consequence the members liability is limited to £10. There were 7 members as at 31 August 2025 (2024: 7).