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2022-08-31-accounts

Company
Information
Trustees
Annual
Report
Statement
of Trustees'		 Responsibilities 19
Independent
Auditor's		 Report to the
Members
of The Pace Centre Limited		 20
Statement
of Financial		 Activities 24
Balance Sheet 25
Statement
of cash flows		 26
Notes to the financial statements 27

A list of t rustees
who have served durin		 g the period are: are:
Trustees Mrs Karen Bradley (appointed
2022)		 25'"July Mr Clive John (resigned
25'"
Mr Julian Lovelock (resigned		 July 2022)
25'"July
Mr lan Cairns 2O22)
Mr Andrew
Coxall		 Mr Stephen
Painter
Mr Dennis Craggs Ms Satyabhama
Pudaruth
Mr lan Harper Mrs Helen Shepherd (Chair)
Mr Colin Hayfield (appointed 25'"July Ms Kay Taylor
2022) Mr Paul Trueman
Mr David Irvine

Strategic Progress
The following
section
outlines		 the 2022 objectives
that the trustees
established
and		 Pace's
progress
against them.
Achievements
and performance:
The trustees
have been		 very pleased with the significant
amount
of progress
towards		 Pace's
strategic
objectives, despite the shorter
period covered
by this report.
The trustees		 believe
that continued
progress		 against these strategic programmes
are helping Pace to realise		 its long
held
vision "...that every		 child in the UK with
a neurodisability,
and their
family,
can		 access
educational
and
clinical		 support aligned
with the Pace approach".
The objectives
for 2022
reflected
a great deal of continuity		 from the prior year, given the multi-year
nature of our core
strategic objectives.
Objectives for 2022 Activities and achievements
Pace Digital
We will launch the new Pace website We launched
the new Pace website
(including
our new Advice and		 (www.the
acecentre. o~r) in June 2022.The new site
Support
Hub) and our new brand		 incorporates
our Advice and Support
hub, which already
identity. contains 32 individual
pieces of digital advice and support
content. We aim to reach 40 pieces of content by 31
December 2022 and 50 by June 2023.
Early web traffic analytics
are showing evidence that		 the
site is engaging
our users more successfully.
Compared
to
2021 we have seen the number
of pages viewed
with		 each
visit rise by 28% and the time spent on the site increase by
45%per visit. The bounce rate has also dropped
by 8%.
The new website also reflects our new brand identity. We
have now completed
the digital and physical
roll out		 of the
new brand, which
is receiving great feedback.
We will complete the first phase of our Our new MS Dynamics
database
has been built and is now
new Dynamics
Database,		 to manage being populated
with our data relating to our children		 and
data relating to children and families. families. We expect to be able to decommission
our		 legacy
database
solution,
by the end of the year.

Objectives Objectives Objectives for 2022 for 2022 Activities and achievements Activities and achievements
Pace Digital (continued)
We will plan, and ideally start to deliver, We have started
planning
Phase 3 of Pace Digital, our
the third phase of Pace Digital, our learning management
system. As part of this next phase,		 we
online training
provision.		 now recognise the opportunity
to substantially
revamp		 the
content of our internal
learning
and development
programme
at the same time as delivering
it digitally,
both
internally and externally.
We have identified
that:
Our induction
programme
should
ideally be split
into two tiers (tiers
1 and 2),delivered
over two
years;
We should develop
more intentional
learning
pathways
for more senior and tenured
staff (tiers 3
and 4);
We can differentiate
more between
the individual
learning
pathways
for each of our professional		 staff
groupings
(teachers, Occupational
Therapists,
fundraisers
etc), with clarity around
mandatory		 and
elective training
opportunities
within each of the
four tiers;
We can better differentiate
different modes of
delivery
in our training, to include knowledge
transfer
(primarily
online), reinforcement
(face-to-
face with subject matter experts), and practical
application
(in workplace,
guided
by an employee's
supervisor).
These design criteria
will result
in a better learning
and
development
solution
internally
but will also ensure that		 our
training offer will be more attractive
externally.
We have already made significant
progress
in building		 our
new training
platform,
using Learnoash
—the industry
leading plug-in for online training.
This will enable our
training provision to be fully integrated
into the new Pace
website.

Objectives for 2022 Activities and achievements
SMART Programme
We will develop, prioritise,
fund and
begin delivery of the second phase of
our SMART Programme,
including
the		 We have
completed
our Phase
2 planning
for the
SMART
Programme.
We are currently
prioritising
our funding
of the
next phase of our SMART classroom
rollout
and have made
further
roll out of SMART classrooms		 applications
to
a
number
of
charitable
trusts
and
within Pace School, the development foundations.
of our AT delivery for children
under 5
in our early intervention
programme		 We have also continued
to plan the further
enhancement
of
and the development
of our internal		 our
assistive
technology
delivery
in
Child
and
Family,
and external
IT and AT training for		 particularly
within
our early
intervention
practice.
Funding
practitioners
and families.		 applications
are underway
for the recruitment
of an AT-
specialist therapist
in Child and Family, and the development
of
an
AT-rich
home
simulation
environment
within
the
Weston Centre, through
which we can demonstrate
different
AT solutions
that children
and families can use at home.
We have also planned
the delivery of our Seven Stages of
Switch Development
programme,
which
will enable children
with complex needs to learn to use switch devices through
a new and very engaging
curriculum.
We learned
in early
September that we had been successful
in our application
for E45k of funding
from the Communication
Consortium
Grants Programme
(funded
by The Raynors Special
Educational
Trust) to fund this important
work.
Child and Family
We will continue to fund and deliver We are continuing
to identify funding
opportunities
for our
our early intervention
programme,		 early intervention
programme,
to allow us to expand the age
expanding
the number
of babies		 and group that we can see free of charge. We were unsuccessful
toddlers
we can see free of charge		 in a recent, very significant
funding
application
but have
and continuing
to embed
our outcome		 been invited to reapply. We have a healthy
pipeline of
measurement
framework.		 additional
submitted
funding
applications
(which total
r395k).We continue to be confident
in funding
what is
arguably
Pace's most compelling
and impactful
work.

Objectives Objectives Objectives for 2022 2022 2022 Activities
and achievements
Child and Family (continued)
We will plan and launch our new Our pre-assessment
service, for the parents
of children
with
Neurodevelopmental Pathway Pre- ASD and ADHD who are awaiting
an assessment
from Bucks
Assessment Service, commissioned by NHS Healthcare
Trust ("BHT"),is now up and running
and we
Bucks NHS Healthcare Trust. are delivering
a programme
which incorporates
a telephone
advice line and parent support
groups (using the Circle of
~securit
parenting
programme).
The majority of the children
we are seeing are aged between
3 and 4 and we are working
with parents
on issues of
regulation,
praxis, play, communication,
sensory challenges
and eating and drinking.
Referrals have so far been slower
than we had expected
but we are working closely with BHT
to engage more families
into the programme.
We will plan and launch our school- Planning
for the Primary
Mainstream
pilot is also underway.
based Primary Mainstream pilot We are actively recruiting
therapy
staff to resource this
programme. work and engaging
with local partner
primary schools. This
work will commence
in the Autumn
term 2022.
impact
We will continue to develop and We are continuing
to embed the use of GAS goals and
embed our granular
child and family-		 COPM in our Child and Family outcome measurement
centred outcome measures and framework.
We are also continuing
the roll out of our family-
reporting
systems.		 centred
Parent and Child Evaluation
that will provide
important
insights
on our impact on the families we support.
That process has been slower than we would have liked
during this eight-month
reporting
period, as our research
therapist
has been concluding
her professional
doctorate.
Our priority, when she returns
from study leave, will be to
review the data that we have collected this year, to assess
the effectiveness
of our current measures
and the
efficiency of the measurement
process.

Objectives for 2022 Activities and achievements
Impact (continued)
We will develop
and deliver our impact		 We have repeated
the Pace family survey and now have
reporting to external stakeholders three years' worth of comparable
data to publish. We also
through
the new Pace website,		 have a great deal of content from our school and Child and
establishing
appropriate
ways to		 Family outcome measurement
frameworks,		 and from our
aggregate
and translate
granular		 alumni
survey, that now inform the upgraded		 impact
outcome measures
into organisational		 reporting
section on the new Pace website.
outcomes
for major funders
and
commissioners.
We will repeat our family survey.
unrestricted
Reserves
We will continue to build our This year, we have decided to change our financial year-end
unrestricted
reserve towards
our		 to August, to match the school year, making our budgeting
target of4 months'
operating costs,		 and reporting processes
significantly
simpler. These
through
overall break-even
budget		 financial statements
reflect a surplus
off3,509,including		 an
(and therefore c.k120k budgeted unrestricted
surplus
of F194,135,improving		 our unrestricted
unrestricted
surplus)		 reserve to 4 months. We intend to continue to build our
unrestricted
reserve towards
our target of 4-12months'
operating costs.
We will work to reduce the structural We have completed
the therapy case for support for Pace
deficit in Pace School, through
a		 School and have built up a good pipeline
of		 restricted
grant
concerted
programme
to fund the		 applications
over the summer
months. The		 autumn
term will
costs of therapy
provision.		 bring us a good sense of the effectiveness of that
fundraising
programme.

Note Unrestricted
Funds		 Restricted
Funds		 Total Funds
8 months
ended 31
August
2022		 Total Funds
Year ended
31December
2021
Income from
Donations
and legacies		 2 290,796 190,288 481,084 1,273,855
Charitable
activities		 3 1,585,286 1,585,286 2,138,534
Other trading
activities:
fundraisins
events		 98,516 792 99,308 145,959
Investments 4 3739 3,739 737
Other 3,971 3,971 2,087
Total income 1,982,308 191,080 2,173,388 3,561,172
Expenditure
on
Costs of generating funds
Raising funds 5 141,625 505 142,130 248,097
Charitable
activities; provision
of school services, outreach
and sessional services and
training
and development		 6 1,638,556 389,193 2,027,749 3,150,859
Total expenditure 1,780,181 389,698 2,169,879 3,398,956
Net income 202,127 (198,618) 3,509 162,216
Transfer (7,992) 7,992
Net movement
in funds		 194,135 (190,626) 3,509 162,216
Total funds brought forward 710,104 2,372,909 3,083,013 2,920,797
Total funds carried forward 15 904,239 2,182,283 3,086,522 3,083,013

8 months ended Year ended
31		 Year ended
31
31August December
2022f 2021
Salaries 1,497,476 2,113,291
Social security costs 122,165 166,921
Pension costs 55,707 80,845
1,675,348 2,361,057
No employee received remuneration greater than f60,000(2021:none).
8months 8 months
ended Year ended ended Year ended
31August 31December
31		 August 31December
The average number of employees, 2022 2021 2022 2021
analysed by function was FTE FTE Number Number
Raising funds 4 5 4 6
Charitable activities 76 69 98 91
Governance and support 10 8 11 9
90 82 113 106

8 months
ended
31August		 8 months
ended
31August		 2022
10 Tangible fixed assets Improvements
to		 Fixtures,
leasehold Fittings and
buildings Equipment Total
E E
Cost
At
1 January		 2022 3,323,788 140,252 3,464,040
Additions 21,516 21,516
Disposals (8,924) (8,924)
At 31August 2022 3,323,788 152,844 3,476,632
Depreciation
At
1 January		 2022 1,258,452 94,861 1,353,313
Provided
in		 the year 73,866 7,354 81,220
Depreciation on disposals (5,801) (5,801)
At 31August 2022 1,332,318 96,414 1,428,732
Net book value
At 31August 2022 1,991,470 56,430 2,047,900
At 31December 2021 2,065,336 45,391 2,110,727
11 Debtors 31August 2022
f		 31December 2021
E
Trade debtors 402,334 283,408
Other debtors 525 3,537
Prepayments 62,348 50,580
465,207 337,525
12 Investments 31August 2022 31December 2021
6 E
Short term deposits
Other investments		 768,230
14,005		 761,437
14,815
782,235 776,252

8 months
ended		 31August 2022 31August 2022
Creditors: amounts falling due within one year 31August 2022f 31December 2021f
Trade creditors 62,922 57,235
Accruals and deferred income 650,570 895,074
Social security and other taxes 46,668 41,255
Other creditors 69,578 13,472
829,738 1,007,036
31August 2022 (2021: f80,681).T here re mains
an undrawn		 loan facility off500 ,000.
Deferred income 31August 2022 31December 2021
f
Deferred income as of 1 January 721,950 682,949
Received in the period 596,971 721,950
Credited to statement of financial activities (721,950) (682,949)
Total deferred
income		 as of 31August/31 December 596,971 721,950
14 Creditors: amounts falling due after more than one year 31August 2022
f		 31December 2021
Other creditors 80,681

15 Analysis of charitable of charitable of charitable funds
Balance Transfer Balance
I January Incoming Resources 31August
Analysis
funds		 of movements in 2022 resources
f		 expended 2022f
General fund 710,104 1,982,308 (1,780,181) (7,992) 904,239
Leasehold Building fund 56,636 (18,120) 20 38,536
First Steps Appeal fund 1,929,803 (51,271) (4,390) 1,874,142
Salary fund 274,962 75,875 (230,485) — 120,352
Other equipment and services
fund 111,508 115,205 (89,822) 12,362 149,253
2,372,909 191,080 (389,698) 7,992 2,182,283

Prior year Statemen t
of Financi		 al A ctivities
Unrestricted Restricted Total
Funds
Funds Funds 2021
Income from
Donations
and legacies		 564,419 709,436 1,273,855
Charitable
activities		 2,138,534 2,138,534
Other trading
activities: fundraising		 events 145,317 642 145,959
Investments 737 737
Other 2,087 2,087
Total Income 2,851,094 710,078 3,561,172
Expenditure
on
Costs of generating funds
Raising funds 5 241,474 6,623 248,097
Charitable
activities: provision		 of school
services, outreach and sessional services and
training
and development		 6 2,198,804 952,055 3,150,859
Total expenditure 2,440,278 958,678 3,398,956
Net income 410,816 (248,600) 162,216
Transfer 12,363 (12,363)
Net movement
in funds		 423,179 (260,963) 162,216
Total funds brought forward 286,925 2,633,872 2,920,797
Total funds carried forward 13 710,104 2,372,909 3,083,013