REGISTERED COhlPANY NUMBER: 0276A8S8 (England and Wales) REGISTEREDCHARITY NUMBER: 1015286 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR E DED31 DECEMBER 2022 FOR SULTS'EDUCATION Chari%X House Limited Chartered Accountants and Ststutory AuditOT 44 Grand Parade Brighion BN2 9QA wiiii 111 *ACCN48HV* 2310W2023 COMPANIES HOUSE A16 #105 RE ULTS EDUCATION CONTENT F THE FINANCIA TAT MENTS R THE YEAR ENDED 31 DECEMBER 2022 Page Report ofthe Trnstees I ￿ 15 Report of the Independent Auditors 16 to 19 Staternent of FiD8Jncial Activi¢i¢s 20 Balance Shttt 21 C*sb Flow Statemetht 22 Notes to the C85h Flow StstemeTrt 23 Noto to the Finanei81 Staiements 24 10 36 RESULTS EDUCATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 The tru5te¢5 who are also dir¢ctor5 of the charity lor the purposes of the Companies Act 2006, present their report with the financial stst¢menls of th¢ rharity for the year ended 31 D¢￿rnber 2022. The trustees have adopted the provisions of Ac¢owiting and Reporting by Charities.. Statement of Re￿rnMended Practice applicable to charities preparing their accounts in accordance with the Firtancial Reporting Stsndard applicable in the UK and Republtc of Ireland (FRS 102) (effective l January 2019) and with. the Chariries and Trustee Investment (Scotland) Aci 2005 and the Charili¢s Accounts (Scotland) Regulaiions 2006 (as ameDd¢d)- Co-Ch*ir$' Mes$age In 2022, RESULTS UK continued to f￿d new ways to liv¢ our values and io Greate change on the issues w¢ care abouL within a difficull political climate. It was a year of transition - with a leadership tyansition. the d¢veloprn¢nt of an ¢ight- year strategy, five new trustees joining the board and a move to a Dew offi¢e. Early in 2023, we're f¢eling a burst of energy and porential as we see green shoots from the Seeds we planted in 2022. We are proud of the work and the achievements of RESULTS UK staff and grassroots campaigners. as well as those of hosted organisaiions. We appreciate iheir tenacity an.d creativity in times of political uncertainty around the dir¢rtion of the UK'S development assistance. We celebrate su¢¢¢5s in that context. while r¢cogDising that 50m¢ UK government pledg¢s fell short of our hop¢s and eXp￿tatIOns. Highlights include= - The UK'S pledge of £1 billion to the Global Fund to Figbt HIV. TB and Mal•TII - short of th¢ £1.8 billion was needed. - At the Global Pandernic Preparedness SummiL the UK Government pledged £160m over 5 years, just aboui 53% of what civil society called for. - The UK'S commitment to th¢ Global Polio Eradication Initiative {GPED Ivill be dispersed this ytar at £20m, and that the nutrition policy mJrker is b¢ing implemented across the Foreign, Commonwealth and Development Office- all things we advocated for in 2022. Our gra$5root5 network took over 100 *etion& from running and attending events in Parliament, organi5ing fundraising eveftts. writing blogs and sending letters to MPS We eontinue to work wilh three hosted organisations, making strides in TB and Edu￿tIon. We ¢ngaged with More than 60 MPS. including a visit from the For¢igD S¢Gr¢tary where reWeSentativ￿ from nine schools advocated fcr Education Cannot Wail We are Thankful to Aaron Oxl¢y lor hi$ 13 years ￿ Executive Director. RESULTS UK would not be where it is today wichout hi5 l¢ad¢r5hip. We are thrilled to welcome Killy Arie 18 our new Chief Executive O￿lter and have been impressed with the stsrt she has made. Looking forward, we are exciied aboui implemeniing our long-tem) strategy and with its shift towards partnerships and equitable global systems, alongside our coniinuing advoca¢y on access io adequate health Care, education, nulrition and economic opponuniries. We wanr to be a leader within the developm¢nt 5¢Ctor, building on our organisation-wide ¢ommiiment to antL-oppr¢ssion. We see early glimrners of thi5 in our work supporting Global Public investment helping the sector to think again aboui whai iniemaiional cooperation looks like. We will also Continue to support our grassroots campaigners to reflect on their own understhnding of racism and oppression. We would like to thank the leadefftship team, stsff members, grassroots campaigners, In￿teeS and all our parthers for driving our ambitions and contribuiing to an equitable and inclusive world. Soha SudthArallngam artd J•rni¢ P¢tt- RESULTS UK C(frCh4iTS Page I ULTS EDUCATIO REP RT THET ST FOR THE YEAR ENDED 31 DE EMBER 2022 Chief Executive Offi¢¢r'5 Report Wl]ai a year it has been for me to start &$ Chief Executive Officer Over the past f¢w months, I've had the privilege of hearing about the highlights of 2022. We campaigned and adviKated on a range of issues includtng polto erddicatioTI. nutriti¢)n poli¢y and edu¢ation in emergenci¢s despite politieal uncertainty and ever.changing leadership, our ￿a$SToots network tijok over 100 actions, from running and att¢nding events in Parliamenl, orgonising fundraising ev¢nts, writing blogs and sending many advocacy letters to Members of Parliatnent and a Governmerti under no fewer than three Prime Ministers. Alongside our gr￿srOots pre55ur¢, our staff hav¢ engaged decision makers and politLcian5 at all levels, and I've had th¢ privilege of seeing the impact of our collective advocacy. The UK'S pledge of £1 billion io the Global Fund to Fight HIV, TB and Malaria was a big success in the current environment, though we were disappointed the pledge fell short of the £1.8 billion thai was needed. li was also good news to hear that the UK'S pledge to the Global Polio Eradication Initiative will b¢ dispersed thi5 year, and thai the nurrition policy mark¢r is being implem¢nt¢d across the Foreign, Comrnonwealth and Development 0ffi¢¢- 411 thing$ we advocateil for iii 2022. At the end of 2022 we complded the articulaiion of a new eight-year strategy which reflects our ambition to challenge the ba￿lerS that keep people around the world locked in poverty and to reforn global institutions and practices to make them more equiiable and inclusive. The comprehensive straiegy development process included stakeholder interviews, round5 of internal ¢on5ultstion and helpfvl input from ow Board of Tn￿te¢s. Perhaps noi surprisingty, we concluded that the developrnent sector needs io change. and proud that we've committed to being a leader of that Change. stsrting with a new f￿u9 on anti-oppression. Anta-oppression will be at the heart of our approach - Something our Board 5upporfed us on firnily from the outset of the whole process. In tenns of content. alongsid¢ our issue area on health. nutrition and education. which we already do r¢ally w¢ll, we will also focus on equtty. the climate crisis. and new and fairer ways of fmancing development. l am looking forward to grabbing opportunities and developing new partnerships we'll need to promote SLlSlainable development for our fragile. interconnected world. All of us have a part to play in this historic work Kitty Arie, Chief Executive Officer Page 2 ULTS EDUCATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 DECEMBER 2022 O&IEcfivES AND ACTIVITIES Objectives and aims Who we are- Vision. MissioD and Valv5 RESULTS is a movement of passionate. committed. everyday people. Together we use our voice5 19 influ¢n¢¢ political decisions ihat will bring an end to poverty. The stated obj¢¢tive5 of the charity in the Articles of Association are- (a) to advance th¢ eduution of the publi¢ about Ihe cause and effects of poveEry and hunger thrrMJghoul the world.. and (b) to relieve poverty and hunger throughout the world. Our vision is a world free from poverty by 2030 and our rni55iDD is to work with ￿er5 to create the public and political will to end poverty, by enabling people w exercise their ￿rsOnal 3nd pM)litical power for change. Our v*lues underpin both why and how we go alx)ut achieving our mission and goals.. Acverty are health, education. economic opportunities and cilizen voice. These are the things that all people, wherever they live, need and have a right io. Our apprilach io intluencirtg change involves thrtt murually supponive forn15 of adwocw: Grassroots Advoc8£y. Our gr&%Sr￿ts advocates are extrdordinary campaigners who are deeply engaged to a level that almost no other organisation can boast. speaking and actin8 POwe￿IlY within their ctsrnmuniti¢s, and building relationships with iheir elecied r¢pr¢s¢nrative5 and other decision makers. Parliamentary Advocacy. We prioritise building rel￿70nShIps with parliamentarians, helping crea(e champions for our development issues, ready to influence governTnents and other decision-makers. We pride ourselves on our abiliry to build powerful and lasting relaiionships wilh parliamentarians from xross political parties_ Policy Advoeary. Through our ￿l1¢Y work we develop expenise on our issue areas, establishing RESULTS as a credibl¢ voice thai engages directly with technical policy-makers. Policy adv¢)cacy staff engage in discussions with civil seryants in the UK and in iniemational organisations. and move other civil society organ15aiions to take up our policy P051tions. Operations. Supporting these three adwocacy pillars, and the work of our Hosted Organisation5 (se¢ below), our Op¢rations Team comprises our resource Mobili￿10n. finance and HR funaions. ensuring the organisation has the Systems and resources in place io do our work. Commitment to anti-oppressio The Black Lives Matter re5p)nses to the killing5 in 2020 of George Floyd and other5 led RESULTS and many other organisations in the international development sector to question our aPpr(￿h to delivering our misston, and our s¢nsltivity to the impact of systemic and historic rdcism and other fornis of oppression. In 2022. Ihis jOLtrney ha5 continu¢d, and work we are proud to have done or initlated this year includes.. We welcomed the Lntemaiional Development Committee's report on Racism in the Aid Sector. Our blog on this w&% the start of an ongoing journey to understand how we can improve our practices and understsnding. Page 3 RESULTS EDUCATION REPORT OF THE TRUSTEES FOR THE YEAR Ef4DED JI DECEMBER 2022 We hav¢ produced learning maierials for our gTassroots campaigners. helping thern to refle￿ on their own understanding of racism and oppression. and the r*ed for inclusion and diversity in our advocacy networks. We continue to encourage our volunteers. stsff and allies to self-Tefl¢ci including through our 2022 National Conference, which aimed to hear the voices of people with lived ¢xperience of oppression and of exclusion from development processes based on racist stereotypes. - We continue to work in collabordtion with Southern-bas¢d adV￿a¢Y pamers to amplify th¢ voices of people with lived experience of poverty and inequality, particularly via the ACTION Global Health Advocacy Partnership. We have been working on an internal anti-rdcist narraiive clwge proicc¢ tmjilding on a reflxtive process facili¢ated by an exT¢rnal consultant. - Wt have continued to be a partner of ihe Advocacy Team's 'Owing Doors, Ifdtning programme, which supports people from backgrounds that are under-represented in the international development sector. We hav¢ activ¢ly soughi to develop the ambition of our role in cornb￿1ng racism and other forms of oppTe5sion as part of i)ur strategic plan forthe peric*J 2023-30. which was drafted during 2022. Significani 8etivitie5 We have S￿￿¢￿red the Strategic Report below around our goals for the strategic period 2020-22. We commenced a new strategic p¢ri¢xl in January 2023. Goal l.- Cttizen Voice Strengrhening people's pow¢r to effect change. globally and in the UK. Goal 2.. Health - Tuberculosis.. Ensuring that person5 with TB hav¢ a¢¢ess to affordable treatment, care and sup[￿. Child Health.. Promoiing equitkble access io immunisation. - Nutrition.. Ensuring the ri8hE Iltstritiom at the right lime. - Pandemics Goal 3.. Education for All - Working to ensure inclusive, accessible and equitsble ¢du¢ation. Goal 4,. Econornic Opwrtunity Realising the potenlial for people io eam a livin& including in the face of climate challenges. Goal 5-. Development Finance and TTansilion - Ensuring a foeus ort people living in poverty as develownenl spending chang¢5. Publie beD¢fit The twstees Conf￿ that they have complied with the duty in Seciion 4 of the Charit1¢5 Act 2006 to have due r¢gard io the Charity Commission's general guidance on public benefit. They have Teferred to ttke Charity ComTnission's general guidance on public b¢nefit when reviewing aims and objttiive5 and in planning furure activities. RESULTS works lo generate the public and political will io make a difference io the lives of the F*)orest people in the dev¢loping world by carrying out strategic advocacy, media and public awareness-rdiSing campaigns at national and international level. We seek to engag¢, influence and ¢mpow¢r ordiftary citizens. p￿liamen￿rian$ and publÈc officials in their efforts io end extreme poverty. RESULTS UK considers its primary beneficiaries to be the wor1&5 poorest people.. our interest aTews and campaigns focus on allowing those living in poverty io ac¢e5s h¢althcare, education and econolnic opportunities which, in turn, enable them to become more ¢c<)n¢)rnically independent and resilient. We also srrive to empower individuals in the UK and abroad to U5¢ their voices io champion our campaign5 in their personal capacity. Th¢5¢ advocates are our stcondary benefieiaries. We r¢CO￿lISe that w¢ exist as part of a wide stakeholder group which includes= - Those who influence and have an inreresi in our campaign5 such as other NGOS and Tesearch instiDJtiOnS. - Those who fvnd our work or may be interested in doing so. Those who ean influence oiher stakeholders as a result of QUT research and adv0￿y work including journalists. influencers and the general public. Recipients of our advocacy who have the ￿Wer to influeJKe how financial resources are mobilised, including publicly ¢I￿led officials, civil servant policy-rnakers. and membeTS of reievani intemational netwo￿5. both within the UK and around the globe. - Our Tnjstee Board and staff team. Page 4 LT EDUCATION PORT OF THE TRUSTEES FOR THE Y AR ENDED 31 DECEMBER 2022 STRATEGIC REPORT Achievemeni and perforrnaD¢e Progress against Goals *nd Objettivu d4rine 2022 Goal l - Citiun Voice Our grassroots advocacy in the UK during 2022 took place against a continuing backdrop of financial and political hallenges to global poverty reduciion efforts. With the conflict in Ukraine and the energy and cost of living crises, our ¢#mpaign¢rs have fought valiantly io ensur¢ that our issues hav¢ been raised with the Government at a time of huge pressure to focus on domestic and diplom￿1¢ issues= - Campaigning for the UK to rneet its previous commitsnents th polio er&Jication, Contrib￿1ng to renewed global efforts at a time when progress has stalled or is going backwards. Calling for a Strong UK contribution to CEPI. the Coalition for Epi(kmic F*eparedness Innovations, to realise its plan to reduce the time tsken io develop vaccines for infectious disease threats to less than 100 day5, #nd to make them available equiiably. Campaigned for the UK to pledge to the Global Fund to Fight HIV TB and Malarii at a time when the inv¢5tm¢nt case called for counthes to increase by 30Y•. While the UK'S contribuiion djd not reach this ambition. we were proud to have helped influence it io invest £1 billion over three yeats. Urged then Foreign Secretary Li2 Tn￿ to renew the UK'S commitment to reaching So million women. children and adole%eni girls with nutrition-relevant PTogrammes in the n¢xt 5 years. Raised awareness of the need to add¥ess rtcism and other fornis of oppression. both ID the ways we work, and in the policies we advocate for, through our monthly advocacy aciions and ai wnferences and events. Advocated for the nttd for the UK io address the globa] l¢arning crisi& with millions of children not learning the basics. despite being in school. Goal 2- Health Tuberculosis (TB) TB suffered more greatly from the impacts of the G)vid-19 pandemi¢ than most other diseases. Before ihe pandemic, TB was the world's deadliest infeciious disease. with 10 million conf]Tmed cases and 1.5 million deaths in 2020 alone. The similaririe5 between Covid-19 and TB ￿hogen5 meant that rnany TB progrdmmes were converted to Covid clinics at the onset of the pandemic. A5 such. the treatment of TB has gotten WOEse- in 2021 (the m05( recent yeir we have data for), TB diagnoses fell IOQ/•, death5 increased by and global spending on TB dropped I￿kn. 2022 was a piyotsl moment for the TB cornmunity as il rontluded the Globa] Fund io fight AIDS, IB and Malaria's Seventh Replenishmeni. The Global Fund is the world'5 largest TB financier. providing 77% of all funding available in any giv¢n year. The Global Fund's Sixth replenishment rdlSed $14bn- Ihe largest amouni ever raised for a global heatth rnultilateral. Given the additional pressures on global health as a result of ihe Covid pandemic, the Global Fund increased their'a5k' to Sl 8bn for the S¢v¢nth R¢plenishment. As part of our advocacy, RESULTS-. - Organised two Tneetings in Parliament between Parliarnentarians and the Execuiive Director of the Global Fund. Peier Sands, to discuss the UK'S pledge and maximising our contnlTrulion. Worked across the ACTION network and Global Fund Advocates Netwo￿ (GFAN) to develop transnational strat¢gies to rnaxiTnis¢ pledges from donor5. - Organised a debate on World TB Day io highlight the imp)rtance of the Global Fund and called on th¢ Gov¢mm¢n¢ to increase their pledge relative to the previous replenishmeni. Worked with our grassroots volunteers to increase awarerte5s and engagement amongst Porliam¢ntarians with the replenishment. In line wilh the UK'S wider ODA redu¢tion. th¢ Government decre￿￿ the UK'S pledge w the Globfil Fund by 30•/0 relative to their pr¢vious pledge_ This w&5 an extremely disappointing outrome for ihe TB community. We are continuing to work with the Gltsbal Fund to find addititsn￿ sources of financing and io increase the amount of funding TB receives relative io the two oth¢r diseases the Fund works on. Child Health Irt 2022, immunisation services wimessed the largem su5tsined bxk51iding in almost three decades with a150 an increase of children not receiving a single dose of vaccine to 18 million. This was against a backdrop of a challenging Offictal D¢v¢lopment A5sistsnce s￿¢ in the UK. 2022 was a year of ensuring th¢ UK stayed cornmitt¢d io multilaterals thai suppon the goal of ending preventsble child death5. We also focused on strengthening our ¢ollabordtion with oiher civil society organisaiions in the sector while being more cognisani of county-led recommendarions. Highlights include= Page 5 RESULTS EDUCA TION RT OFTHETR STEES FOR THE YEAR ENDED 31 DECEMBER 2022 - We arrdnged parliamentsry deleg￿lOn5 in 2022. one of which was to SUPTM)rt ihe resource mobilisation event for the Global Financing Facility (GFF) in W&shington D.C. We took five UK parliarnentsrian5 to attend a series of meetings on the fringes of the World Bank Spnng meetings and ¢nsured the attendance of parliamenthrians at the pledging conference. UK pledged £15m at the conference which well received by GFF. We co-hosted a webinar Series looking at the 5tatys of rouiine irnmurtisation services and financing in the midst of the pandemic. We also co-published a policy brief surnmari5ing the disCL￿510n$ and making key policy r￿0MMendatIOns. Th¢ %ries hwj 824 unique participants from a wide range ofcountri¢s. Our gr&8sroots Campaigne￿ icK)k two monthly actions &8king the UK Governmeni to Commit to the Global Polio Eradication Initia¢ive (GPEI). Although the UK did noi comrntt ai the pledging event hosted in October, they did sign their pledge of £20m for 2022 which was crucial for GPEI_ - We co-auihored a report with ACTION parthers taking stock of wjlio eradication efft>rt8 including three ¢ountry case studies {Pakistan, Nrgeria and Papua New Guinea). This report was well rec¢ived by parliamentarians and others in the sector and we will continue io use li as an advocacy in 2023. Nutrition Climate change, conflicL and the ongoing effects of the COVID-19 pandemic all had devasTating itnpacts on nutrition in 2022. For exampl¢, severe droughts resulting from th¢ clirnate crisis have contributed 10 5.5 million children Suffering from acute malnutrition in Ethiopia. Keny4 and Somalia in 2022. a siDJation exacerbated by regional conflict and knock•on effects of COVID-19. Addilionally, Ru$5ia's inv&5ion of Ukraine in February led w worldwide food insecurity. impacting peopl¢'s ability to access and afford nutritious foods. The 2021 Nutrition for Growth process culminated in the UK'5 belated and disapFK)inring £1.5billion pledge in February. Since then, we have Worked to keep nutrition on the agenda of politicians and the public. To do so. w¢ have.. (Trganised two parliamentary delegations. This included tsking a crossparty group of five parliamentarians to Wathington, DC. io support Tesource mobilisation around the Global Fin￿¢Ing Facility (GFF), as well &5 rn¢¢ting a number of other partners to disouss the UK'S role in global health. including nutrilion. - Host¢d two parliamentary events through the All-Party Parliamentary GTOUP (APPG) on Nuthtion for Development. Th¢ first highlighted ihree challenges to nutriiion_' clIm￿C ch￿ge, conflicl and the COVID-19 pandemic. The second focused on the ongoing impacts of Ru5sia'5 inv￿10￿ of Ukraine on nutrition. Both events included Speakers from affected countries, who were able 10 Speak of iheir firsi-hand experiertces tsckling malnutriiion. Held Several actions for our Grassroots campaigners. During our annual National Conference, campaigTrer5 rnel with members of the FCt)O Nutrition Team and shortly thereafter wrote to then-Foretgn Secrew Liz Trus& calling for a renewed UK commithjent to reath 50 million women. children. and girls. Hosted a Gr&ssroots training on nutiition that focused on understanding f￿1 irtsecurity and the Toots of the global malnutrition crisis. Publish¢d a report on SDG 2.. Zero Hunger for Bond, alongside Concern Worldwide and CAFOD. Thi5 report examined the progress gaps and limiwions to the UK'S approach to rneeting SDG 2. Pandemics In 2022, political will for pandemic PTeven(ion. preparethless and response (PPPRI b¢gan lo waver. This w&$ d¢5Pit¢ COVID-19 ¢ontinuing to circulaie and thwarted vaccine access in low- and middle-income countries. Exacerbaiimg this context has been the deprioritisation of developrn¢nl a 5rn2ller ODA budget, and poliiical and economic instability. This resulted in weak flnancial contributions to the Coalition for Epidemic Preparednes5 InnOV￿lon (CEPI). Ai the Global Pandemic Prepartdness Surnmii. USSI.5 billion was rdised of the USS3.5 billion needed to finance CEPI 2.0. This included a disappointing pledge from th¢ UK Government of £160 rnillion over 5 years, instead of the £300 million th￿ we and Civil Society Organisaiions (CSOS) ￿lled for. Our advocacy centred around two themes.. . Sufficient FuDding Worked wirh other CSOS on lett¢rs io the Prime MiniMer calling for a commitsnent of £1 billion to the Access to COVID-19 Twls Accelerator. - Grassroots advocates wrote ￿ the Forei￿ Secrethry and Hvdlth S¢¢r¢tary asking for £31KI million to be comlnitted to CEPI. Advocate Sister Gill Pric¢ r¢iterated this in an article published in the Independent Catholic News. Co-auihored an op-ed with Philippa Whirford MP calling for the UK'S pledge to CEPI to b¢ considered a downwdyment ahead of a top-up pledge. - Provided brief￿gS for civil servants on th¢ importance of in¢re&sing the UK'S pledg¢ to CEPI to £300 million. P#ge 6 RESULTS EDUCATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 2. Eqllitable Aecess Held a parliamentsry debate on in4uitable access to vaccines. he#lth sysi¢ms Str¢ngth¢ning and f￿anCIng. and rouiine immunisaiion. - Grassroot5 advocates joined other CSOS io to MPS in parliament on COVID-19 va¢¢ine ￿￿lty. - Collaborated with CSOS on a swnt calling for a people's vaccine. coupled with a petition hand-in at Downing Street. Published a report analysing nationalistic policy choices in th¢ UKS international response. calling for this to be included in the COVID-19 inquiry. Gog13- Ed￿￿tiO 2022 was another tough year for ￿Jr Education work. Despite our best effoTts advocaiing to prote¢t education ODA, bilateral UK ODA for basic educ*ion had been cui by 710/ts beMeen 2019 and 2021. Despiie th¢ rhall¢nging financing Contexl we hav¢ made signifi¢ant progress in 2022, particularly with our advocacy on foundaiional literacy and num¢ra¢y (FLN). Key highlights are= Publish a new edu¢ation poli¢y rewjrt, Foundation$ First: Maximising the UK'S lrnpaci in Addressing the Leaming Crisis. The rew)rt focused on irnprtsving the UK GovemTnenis record on foundational learning in low- and Tniddle-income counthes and has been received posrtively by the UK Government_ At its launch in parliament, UK Minister for Development, Andrew Mitchell. said "I would like to thank R£SULTS UK for its incredibly usefvl report, providing more evidence for us to reach the most marginali5ed ¢hildren with foundational learning. The FCDO is already working in line with its three Action Tracks. esp￿14[[Y for marginalis¢d girls". We are already seeing ¢vid¢nce of the FCDO shifting it5 wlicy in line with several of ow Tecommendtitii)ns and work is ongoing to encourag¢ the full adoption of those that remain outstanding. 2022 began with an iniemational parliamenrary exchange, urging action on the learning crisis, which we held in pamership with IPNEd and Results US and Canada. Over 53 parliam¢ntarian5 frorn 24 countries attended. Following IL parliament8rian5 from the UK WTOte to the For¢ign Se¢r¢tary highlighting our policy &sks on FLN. RESULTS UK rdn a parliamenw dele￿iOn io the Trn)sfomiing Educaiion Summii at the UN General Assembly in New York. We brought Labouls Shadow Secrethry of Siaie for International Development. Preet Kaur Gill MP, and Labour MP. Imran Hussain. who tr*)th engaged in-depth wiih the Swnmivs programme. The highlight w&$ a luncheon organised with Results US and Canada. attended by parliamenrarians and civil servants, for a discussion on FLN policy and opportunities for collaib)ration. RESULTS UK Continues to play a key rol¢ in th¢ Send My Friend to School Coalition, p￿ICUlarlY in leading its parliamentary advocacy. W¢ have be¢n xtiv¢ on¢e ogain in efforts to rnaximise the UK'S pledge io Education Cannot Wai( ahead of its replenishment in February 2023. Goal 4- Eeonomie Oppfrrtunity 2022 was a difficult year foi our work on economic op&￿I￿lty as envisaged in our strategy. as we wer¢ once again unable to secure funding forthis work. Goal 5- Dev¢loprn¢nt Fin*n¢e ¥JDd Tr*n5itio 'TrdllSttion' is a proces5 wher¢ a country h&5 its external Official Development Assistance (ODA) reduced. ended. or transferred to anoiher programmatic airn a5 a result of developrn¢nt gains. The sustainability of transition processes has not be¢n a priority area of ¢ngagement for the UK Gov¢rnrn¢nL Wonyingly, a5 alluded to in the International Development Srraiegy. the UK is likely to accelerate transitions where countries do not indicate a clear commilm¢nt to progress or where ihere is noi an invesknenl OPW)rtunhty. RESULTS UK'S work in this area included.. Co-leading the UK Susiainability and Transitions Working Group on submissions to the International Development Committee's inquiries into Extreme Poverty and the Sustainable Development Goals, and the Philosophy artd Culture of Aid. Th¢ latter submi55ioTh featured in the Committee Chairf5 recommendation l¢tt¢r to the For¢ign secr¢t￿. Providing rKomTn¢ndation5 on multilateral transition policy to Gavi. the Vaccine Alliance, re5uhing in changes th aligned with our prtnciples. Page 7 RESULTS EDUCATION REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 As part of our work on transiiion, RESULTS UK have been working with like-minded development organisaiions to conceptualise a new Mechanism for global development that could replace the coniemporary ODA system. Global Publi¢ Investment (GPI) is a new. potentially revolutionary framework for the delivery of Global Public Go(M15. Whilst the GPI framework is in its infancy. successfully translating the values underpinning the fraMeW￿k into meaning￿[ development stwctures could dramically change the world's approach to global development. RESULTS UK has been helping to drive GPI conversations in the UK. To support this mission, we became one of the founding members of the GPI NetWOTk. iaun¢h¢d in September 2022 in New York, the GPI Network work5 acros5 5 ore aTe&S'. financing, advocacy, iommunr£ations. convenin8 and ¢xpert advice, to build GPI from a theoretical frarn¢work to a plilical and fmancial reality. Hosted Organisations RESULTS host5 four organisations thai align with our mission amd help us to achieve our strategic objectives relating to health and education. While ihese organisaiions are legally w of RESULTS UK. they each have an ind¢pendent advisory group thai steers their work. We are proud of th¢ WO￿ these organisaiions achieved in 2022 and that we were abl¢ lo facilitate this through our hosting agrcements. The Clob41 TB Caueu$ 2022 was a year of transition and growth for the Globa] TB Caucus. Our unique global network grew to 25(K) parliamenwians in more than 150 ctyJntri¢& with 89 civil swiery partnerships. We launched and / or relaunched the Naiional TB Caucus. in each of our geographical region. and helped to secure strong wiliti¢al commitrn¢nts and legislativ¢ r¢fonn on TB in ¢ountrie5 fdnging fronj Kyrgyzstan and Indonesia to Nig¢ria and Peru. Within th¢ glo￿ TB adv(Kaoy ￿mMunIty, we played a ltsJeT5hip role in &cornpanying the Indonesian Pr¢sid¢ncy of the G20, which d¢liv¢red strong outcomes for TB. Alongside this. we worked with our peers and panneTS to secure the 2nd ifN High Level Meeting on TB. to tske place in September 2023. Throughout the year, following the disruption and restriaions of the COVID-19 pandemic, we transltioned from online. through hybriti and back to in person working. We were pleased ￿ bring MPS and partner5 together again in bilateral and multilateral settings. Our Global Co-ChaiT. Lord Nick HeTbeTL spoke * the H20 Summit in Septernber aThJ we convefted thE Am¢ricas TB Summit in Paraguay. In light of the conflict in Ukraine and its impacr on the movemeni of people. we convened a regional fornm on TB and migration attended by parliamentarians from w05s Europ¢. At the end of 2022, it was clear Ihat the Parliamentarians, desire to connect, collaEorate and cooperate fa¢e.tO-fxe has never been stronger. Internally, we navigated a leadership transition and welcomed a new Director, along with several new team members, and were able to secure etthan¢ed fvnding to underpin our work going in 2023 and beyond. We remain ￿atethI for ow relationship with RESULTS and look fotward to continuing io enhan￿ our parniership ints) the ￿ture. lrtternAtional Parliamentary Network for Educaiion 2022 was an imporrant year in th¢ ongoing growth. reach and development of the Internaiional PaTliam¢ntw Network for Edu¢ation. At the close of 2022, the NeThvork's membership had grown io almost 500 parliarnentarian5 in over 60 courttrie5. Throughout the year the NeNoTk mth imporrant progr¢ss in advancing tPNEd$ three overarching aim& namely l. To secure more and better financing for education- 2. To accelerate educational progress for communities furthest behind" and 3. To improve learning outctsmes. Page 8 RESULTS EDU TIOPI REPORT OF THE TR TEES FOR THE YEAR ENDED 31 DECEMBER 2022 Across various global mom¢nts in 2022. IPNEd member parliamentsrians played a piv¢)tsl rol¢. Thi5 included influencing member state engagement in the lead up to and at the UN Secretary General's Trdnsfomiing Educatio Sumrnii during the UN General Assembly. A focus for muth of our efforts on rnore and better fmancing ft*ussed on educati￿ in crisis contexts and specifically (yn working with members of parli4m¢nt to 5UPPQrt Education Cannot Wahvs planned r¢pleni5hment in Geneva in F¢bTuary 2023. Working with the Geneva Global Hub for Education in Emergenckes IPNEd facilitated the development of a poliiical stateTnent of concern and commitment on educati￿ in emergencies and protracted crises which w&5 designed io drive action by parliamentaTians directed ai closing the education gap in humanitsrian contexts. The resurnption of schooling following the dismpiion to edu¢ation systems caused by COVID-19 created important opportunitie5 to r¢s¢or¢ and improve Ix)th l¢aming and s¢hool based services. The NetWOTk wot*ed io grow understanding of the extent of learning wjvery and spxifically foundational literacy and nurneracy and to generate political ¢ommitment to evidente b&sed acttons de5tgntd to ensure children with access to school learn becom¢ lit¢rdte and numerdte. We signed th¢ Call to Action on Foundational Literacy & Numeracy and worked with ihe Global Education Mot)iioring Rewt ￿ roll oui their Born to Learn ompaign and the launch of the Africa Regional Spoilighi Report. IPNEd also joined the khool Meals Coalition and agreed a partnership wilh the World Food Programme to grow political comTnitrn¢nt to School fttding. including by d¢v¢loping and supporting the rollout of a parliamentary toolkii on school feedirtg. IPNEd ha5 a150 continued to support MPS workkng lo proi¢d the right to educaiiffi in Afghanistan. The IPNEd Secreiariat continues to work in close collaboraiion with RESULTS wlleagues in the UK, Cartada and US to reinforce our respective parliamentary advocacy. Send My Frlend To Sch￿1 For Send My Friend, 2022 represented a tirne of high UK ￿)lItical tunnoil, and a challenging space with regards to Olyicial tkvelopment Assistsn¢¢, seeing bilaterJl aid to education cut by 71•/• between 2019 and 2021. There was a resulting impact on our campaigns around global teache￿. as well as the Edu￿70￿ Cannot Wait multilateral replenishment, where we saw a pledge at the High Level Financing Conference that was substantially lower than our ask of £170 million, * £80 million. However, despit¢ ¢hallenging circumstances. we hav¢ rnade w srrides with otsr advocacy, convening the UK'S global education coalition. 2022 w&5 an important year for Send My Friend in iernis of coalition eng8gemenL deepening lev¢ls of meaningful youth participation, and strengtheTJing our relationships and sts3tegic engag¢m¢nt with FCDO key Parliamentsrians. Highlights.. - B¢twttn our schools programme and campaign champion networK there was engagement with 60+ MPS. including school visits, letter writing and creative campaign aciions Schools engaged extremely well with the school campaign material5- -The Send My Friend Campaign is a wonderful opportunity for our S￿dents to be active global citizens and our school has been involved io sorne degree for over a decade. tkveloping youih empowernieni through the programme oft¢n encourages the swdents io use their woice in other arw of their lives - in their xhool. community, other ￿mpaIgns, Sinead Dixon, A55israni Head Teachtr. St Domrnics ￿h0o1 - The campaign champions attended Parliamentary Action Day. Party conferences and spok¢ at num¢rou5 other ev¢nts, including a RESULTS co-organised roundtable on Education cann￿ Wai¢ with Ya5min¢ Sheriff, calling them 'an inspiration" and Andrew Mitch¢ll, Vicky FoTd James Clev¢rly and 8amb05 Chambalarous among other MPS ¢ommeniing on th¢ir ¢x¢elleni ￿1VI￿a¢Y. Page 9 RESULT EDU ATI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 - We produ¢¢d two campaign I￿OrtS. All My Frien(ts need Texhers. and Fund Education Tn Emergencie$ now (th¢ financial case for Education Cannot Wail) Ran a Successful virtual ambassadors project with the Steve Sinnott Foundation, with four secondary sch(K)I children and their teach¢rs from the Garnbia- including hosting a virtual roundtrble with the APPG. a rneeiing in the Gambia with Gambian politicians. and a skills shariDg session with our campaign champions. - Our All My Fri¢nds Need Teachers campaign was run acros5 800 schools, with ihe Campaign Champion$ advocating lor the world's ie3chers at both party conference5. and at a Parliarnenw Aciion Day. We also ran a mini-campaign for Education Canno( Wail wilh srrategic con￿lIU¢n¢Y engagement in Brdintree, the Foreign Secretary's COnSlity¢ney, and Harpenden. one of our campaign champion xhools. Supported with the Grassroots monthly action on Educatton Cannot Wail replenishmenL where they used material$ from the schools, campaign for the ￿rnpaign action - Strengthening civil society collabordtion. including welcoming thrte new members to the Coalition (STilL Stree￿hlId and Girls not Brides), acting as the Civil sociery conveners for FCtK) ertgagement- where we have convened bi-monthly meetings. - We convened much of the UK'S effons around the ECW repl¢nishmenL woducing this repoo and organising a visit from the Foreign Secretary to Colne Engaine primary sthool, wheTe 10 I￿1 prÈmary schools tame together to advocate for Education Cannor Wait. The report can be fwnd at ..Ilsendm nten lo*Ls1202 MF .R ortv Page In RESULTS EDUCATION REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 STRATEGIC REPORT Financial review Financial positio Incorn¢ In 2022, RESULTS UK recorded a total in¢orne of £1,451.958, including donation& which represents a decrease from Ihe previous ye*5 figure of £1,655.249. The reduciion in funding can be attributed io a delay in grant renewals due to the Covid-19 afterniath. Of th¢ total income. £888.328 was relaied io programs by RESULTS UK'S management team, reflecting an increase of £82,185 compared 10 2021. Income relating to the Work of organintions hos*d by RESULTS UK wa5 £404,328, 4 decre05¢ of £412,738 compared to 2021, which cornpris¢d of r¢strided funds aimed * 5UPPOrting specific work. The bulk of the £888.328 of total income related to RESULTS UK came from three ￿nts frorn Results Education Fund USA, which were £356,728 for the ACTION Infectious Diseases Fund. £178,867 for th¢ ACTION Child Survival Fund. and £145,313 for the Foundation￿ Literacy and Numeracy Fund. In t¢m)s of income received and managed in 5UPPOrt of the work of ho￿ed Organ1￿170ns, RESULTS UK received £404,328, with the International Parliamentary Network on Education accounting for £207.352. the Send My Friend ¢0 School Carnpaign £109.903, and the Global TB Caucus £87,073. All this income was in the fomi of restricted funding. Granrs received by RESULTS UK usually address more than one of its objeciives, especially in advocacy on the themes of Citizen Voice and Development Finance and Tran5iiion. which are typi¢ally Pursued in conjunction with health or education goals. However. RESULTS UK did not receive any funding for advocacy on the theme of Economic Opportunity in 2022. Looking ai the main objeciive of the grants. the grant in¢ome for 2022 could be categorized &% follows.. 2022 2021 Goal l.. Citizen Voice Goal 2.. Health Goal 3.. Education for All Goal 4.. Economic Opporninity Goal 5.. Development Finance and Transilion 183.754 762,219 415,7¢)0 No tunding 92,087 154,694 1217,266 217.383 No ￿ndIng 65.907 Th¢ incr¢as¢ in fi￿ding for Education for All can be attributed to the titeless work of RESULTS UK and th¢ International Parliamentary Network on Education. specifically through their dedicated efforts to e5th1ish and promote the Foundational Literacy and Numerdcy Fund. ExpeDdi¢ure In 2022, our organization spent a totsl of £1,773.811, an increw from last yeavs totsl expenditure of £1,669,925. Out of this amount, £27.039 was spent on raising funds. while the remaining £1.746.772 wa5 allocated to 5UPPOrt our charitsble aciivities. Within the chariiable activities, expenditure. £885,771 was spent on progrdms rnanag￿ by OUT Senior Management Team, aimed at achieving our organizational goals. Addiiionally. £644.866 was spent 10 5UPPOrt th¢ work of organizotions h05t¢d by RESULTS UK. We are committed to ensuring ihai our Tesources are etTiciently allocaied iowards our mission, and wt ¢ontinuously 5triv¢ to fmd ways to minimize our overhead expenses while m&Kimizing the impact of our programs. We appr￿late th¢ support of our do￿rS and partners, which enables us w make a ￿ls111Ve impact in the live5 of those we serve. Pa8ell RESULTS EDUCA TION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER2022 STRATEGIC REPORT 2022 2021 Goal l.. Citizen Voice Goal 2.. Health Goal 3.. Edu¢ation for All Goal 4: Ec(Trnorni¢ Opportunity Goal 5= Development Finance and Transition 183.690 1.013,019 405,995 No expendiwre 90.066 206,877 1.170,198 368,929 No expenditure 72.987 At th¢ y¢w-end of 2022, w¢ T￿orded an operating deficit of £119,677. which is an increase frorn the previous y¢ar's deficit of £14.677. The deficit was primarily driven by higher ihan anticipated expenditures. particularly on our health projects. Despite our best efforts to manage costs. the ovryend on these projects contributed io the deficit. We are actively working to address the underlying issues and impkment measures io improve our financial performance going f¢)rward. There was a decrease in expenditure on Health in 2022 largely attributed to a delay in the d¢livery of projects nm by ihe Global TB Caucus caused by re¢￿￿tment of a new organisaiional Diredor. Reserves poliey By the ¢nd 2022 we wete forttwat¢ to b¢ able to r¢lurn our re5erv¢5 to £ 263,027.61, whith is above our minimum reserves level of £170,000. The management team and trusrees haye eam)arked £40.000 of ieserves to ¢ontribut¢ towards ihe costs associated wilh rnoving to a Thaller new office to reflect a change in working patterns post Covid-19. This ha5 been allocated towards final r￿t payrnents. dilapidation, moving costs and professional f¢¢s, alongside a deposit on our new oifice. The Trnsttts have also eommitted to invest any additional fijnds to support fimdraising activiries and ihe implementation of our new strdiegic plan. Our Yeserves policy stÈtes that we should hold ￿al reserves of £170.000. consisting of tsvo separate balantes: - £75,000 which should be Tnainiained at all rime5 and accessed only in times of severe operalional stress. and cashflow reserve of £95,0(X) which is available for short *rm working capital reqLtir¢fflents. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing documtnt The charity is controlled by its 8overnin8 docum¢nL a deed of trus4 and constitutes a limited company, lirnit¢d by guardnt¢¢. as d¢fin¢d by the Companies Ad 21))6. The governing document of the charity i5 the Memorandum and Articles of Association. The COTnpany was incorporated &$ a lirnited cornpxfty on 26 (ktobey 1992, adopted new articles on 5 August 2013 and arnended by special re501uiions on 2 December 2013. 10 Febrnary 2014 and l August 2016. RecruitrneTrt and aPPOiDtm¢ni of tsew trustees The Board rnaintains, and reviews annually. a Trusiee Skills Matrix which aims to ensure diveEsity of skills and life experiences amongst the Board. Appointments have historically been made by advertising exiemally ihrough various chann¢ls an(i on oc¢asi¢)n, via personal networks. In addilion. every No years. RESULTS UK'S grassroots ¢ornmunity elects one of its membeTS to sit on the Board for a three-year periwL At the time of signing thes¢ a¢¢ount% C Fay and K Naker are ihe grassroois represenlatives. Page 12 RESULTS EDUCATION REPORT OF THE TRUSTEES HE YEAR ENDED 31 DE STRUCTURE. GOVERNANCE AND MANAGEMENT Organisational 5try¢tur¢ The Trustees are responsible for the governance and administration of the chaTity. und¢r the leadership of two Co- Chairs. A Chief Execuiive oificer is appointed by the trustees to manage the day to day operations. The Chief Executive Officer has delegated authority for operational matters including finance and employment artd th¢ir salary 1$ detemiin¢d by the TTUSt¢¢s. The Trustees and the Executive Team meet quarterly to develop the futur¢ dirfftion of th¢ organisation and r¢view activities. In addition, sub-committees for both Finance and Human R¢s()ur¢es meet four times annually and report to the Board. The Finance sub-committee includes ￿ least four trnstees including, preferdbly. one qualified ac¢ourttant (K Haweaves undertook this role until September 2022 followed by Sham)ila Prabhu) plus the Chtef Executive Offjcer. Head of Operations. Finance Manager and Pamership Manager who hold responsibility for Finance and Fundraising within the organisalion. The HR commkttee includes at lust three Trustees plus the Chief Executive Officer and Head of Operations. There is also a Trustee dedicated to staff wellbeing. From time to lime. working group5 of TTU5tee5 are established in order to give greater attention io particular i55ue5 a5 they arise. In 2022, working groups have existed to address Diversity,. Equity and Inclusion. and to review the Mernordnda of Understanding with Hosted Organisations. In early 2023 the Trusiees approved ihe creation of a pennaneni sub committee focused on Anti-oppression to advance our anti-oppr¢ssion objKtLV¢5 Olltlin¢d in our new strategy, this will replace our existing Diversity, Equality and Inclusion working group. The day-to-day operations are orgaDiS¢d to refl￿t the thrtt main modes of advocacy which RESULTS engages in.. parliamentary, policy and grassroots campaigns, supported by an operalions team. A revi¢w undertak¢n as part of our strategic planning process confmed Th￿ this strucwre support¢d the organi￿10n,s advocacy appro¥h. RESULTS also currently hosts three organisations whose missions are clcjsely aligned to our own.. Send My Friend to School. The Global TB Caucus. and the International Parliamentsry Network on Education (IPNEd). Although quasi- autonomous in their day-to-day maDag¢m¢nL th¢y adhere io the policies and praccices of the RESULTS organisation and work ¢10s¢ly with th¢ Chief Exrfutiv¢ Officer and the rest of the Ex￿UtiVe Team. Induetioth and training of new trustees New tnjstees are supplied with a TNstees' Job Description and an induction pack which links them to critical documents including the Articles of Association, the current Strategic Plan and the Financial Accounts. They attend an induction meeting with one or more tsijstees. together with the Chief Executive Officer, are introduced to the Executive Team, and ar¢ also allo￿ted a trustee buddy to help them answer any questions they may have. Risk management Th¢ twst¢es identify and review the risks to wh?¢h th¢ chariry is exposed twice annually and ensure that mitigations are introduced to manage the risks whi¢h are identifi¢d. Fundralslng The Charity does noi carry out significani public fijndraising a¢tiviti¢5. Th¢ majority of In￿￿¢ is rnised through the grants from Tnjsts, Foundations and International Bodies. A small amount of in¢ome is Te¢eived 0$ individual donations and ihe ￿ndraISing activities of our grassroots campaigners. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02761858 {En8land and Wales) Registered Charity nurnbers 1015286 {England & Wales) SC041481 (Scoiland) Pag¢ 13 RES LT EDU AT REP RT OF THE TRUSTEES FOR THE EAR ENDED 31 DECEMBER 2022 Registered offiee Unit 1.41 City Base Millbank Tover 21-24 Mill bank London SWIP4QP Trustee5 K Blackaby E C BlackshAw-Crosby M Fagbayi CFay K J Hargreaves {resigned 619n022) F Z Nazir JMPett S Sud¢haralingpm J W A Van Houwelingen {resign¢d 71312022) J A Wakeel (Tesigned 616r2022) N Kroger (appoinied 131612022) R Morgan (appointed 131612022) S S PTabhu (appoint¢d 619r2022} K Naker (appointed 4110r2022) N Adhikari (appointed 131612022) Company Secretary S J Mussawir-Key Auditors Chariot House Lirnit¢d Chartered Accourttartis and Stawiory Audiior 44 Grand Parade Brighton BN2 9QA Bankers Santander UK Bridle Road Bootle L30 4GB Lloyds Bank pl¢ 25 Gr¢sham Street. London EC2N 7HN Executive Team Executive Director A Oxley (re5i8ned 30109Q022) K Ari¢ {appOin￿d 25109r2022) A Runswi¢k L Drescher N ChaudhrÈ S Brookes CEO Head of Policy Advocacy Head of Parliamentary AdV￿aCY Head of Campaigns Head of Operntion$ Page 14 RE EDUCATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who aTe also the directors of RESULTS Education for the purpose5 of company law) ar¢ r¢5ponsible for preparing ihe Report of the Trustees and the financial statements in accordance with applicabl¢ law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practice). Company law requires the trustees to prepare financial ststements for each fiDan¢ial year which give a true and fair view of the stsie of affairs of the charitsble company and of the incorning resourc¢s and application of resoutces. including the income and expenditure, of the t1￿1￿ble Company for that peric¥J. In preparing those financial statements. the tsNstees are required to select suitable accounting policies and then apply them consistently" observe the methods and pnnciples in the Charity SORP. make judgements and estimates rh￿ are rtasonable and pnjdeni". state whether applictble accounting 5thndards have been followed. subject to any material departtres disclosed and explained in the financial staternents. prepare th¢ financial S￿e[nents on th¢ going concern basis unless it is inapprowiate to presume that the charitable company will continue in business. The trustees are responsible for kttping prow accountrng Tecords whtch disclose with reasonable accuracy * any time Ihe financial positi¢m of the charitable company and to enable them to ensure ihat the financial staternents cornply with the Companies Act 2006. They are also responsible for safeguarding the assets of the tharitsble ￿mpanY and hence for (aking re&8onable st¢ps for the Prevention and deiection of fraud and other irr¢gul8riti¢s. In so far as the trustees are aware.. there is no rel¢vant audit information of which the charitsble company's auditors are unaware,. and the trustees have taken all S￿pS th￿ they ought to have raken io mak¢ th¢m5¢1v¢s aware of any relevant audit inforniarion and to esiablish th￿ the auditors are aware of thai inforniation. AUDITORS The audiiors Chariot House Limiie4 will be woposed for re-appoinlm¢ni al the forthcoming Annual General Me￿ing. Report of the mist director5. On .......... s, incorpordting a strategic repoTL approved by order of the board of tsustees, as the company . and signed on the board's behalf by: J P¢tt- Trustee Page 15 REPORT OFTHE INDEPENDENT AUDITORS TO THE MEMBERS OF RESULTS EDUCATION Opinio We hav¢ audiied the financial statements of RESULTS Educaiion (the 'chari(able cornpany.) for the year ended 3 l Decernber 2022 which comprise the Sthtement of Financial Acrivities. the Balance She¢ th¢ C&sh Flow Statement and notes io the fmancial Statern¢n￿ including a summary of signifjcant accounting policies. The financial reporting framework thai has been applied in their preparaiion is applicab]e law and United Kingdom Accouniing Standards {Uniied Kingdom Generdlly Accepted Accounting Practi¢¢). In our opinion the fmancial statements.. give a true and fair view of the stale of the charitable company'5 affairs as at 31 December 2022 and of its ineorning resources and application of fesou￿tS, including its income and expenditure, for the year then ended.. have been properly pr¢pared in ac¢ordaTtc¢ with United Kingdom Generally Accepted A￿ounting Practice. and have l*en prepared in accordance wilh the requirements of the Companie5 Aa 2(M)6. Ba$1$ for opinion We conducted our audil in ac¢ordan¢¢ with International Standards on Auditing (UK) (ISAS (UK)) and applicabl¢ law. Our T¢sponsibilitie5 under those standards aTe further described Trn the AuditOT5' responsibilities for the audit of ihe financial statements section of our rewrt. We are independent of the ¢haritsble Company in accordance with the ethical requirements that are relevant io our audit of ihe financial statements in the UK. including the FRC'S Ethical Standarf and we have fulfilled our other ethical responsibiliiies in attordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provid¢ a b&%is foT our opinion. CoDclusions relating to going coneern In audiiing the financial staiements, we hav¢ concluded that the tru5tees' use of the going ton¢trn b&%is of ac¢ounting in the preparation of the f￿ancIal statements is appropriaie. Based on the work we have perfom)ed we have noi identified any material un¢ertaintie5 relating to ev¢Ttts or conditjon5 thai. individually or ¢ollectiv¢ly. may casi significant doubt on the charitable company's ability to continue as a going on￿rn for a period of ￿ least twelve months from when the financial ststements are authorised for issue. Our responsibilities and the respKTrnsibilities of the trusiees with respect io going concern are described in the relevani sections of this report. Other Information The tTUStees are respoll5Lble for ihe other infomaiion. The other inforniation comprises the tnforniation included in the ATLnual Report. other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the f￿ancial statements does cover the other infoTmation and. .exe¢pt to the extent othen¥ise explititly stated in our r¢wTrTL we do not express any foml of &%surdn¢e conclusion thereon. In connection with our audit of the financial statements our re5ponsibilty is to read the other infomation and. in doing so, consider whether the orher infomiation is materially inconsistent with the financial ststements orThir knowledge obtained in the audii or otherwise appears io be Tnaterially misstated. If we identify such Ma￿Tial inconshstencsES or apparent material mis5t#tements, we are required io deterniine wheih¢r thi5 gives rise to a rnaterial Tlli55tatemeni in the financial statements themselves. If. based on the work we have wfornied, we conclude that there is a mat¢rial Tnisstat¢ment of this other infmation. we are requirgj io report thai facL We have nothing w report in thi5 r¢gard. Opinions on other Thatter5 prescribed by the Comp•ni¢s Art 20( In our opirtion, based ihe work undertaken in the course of the audit.. the infomiation given in the Report tsf the Trustees for the financial year for which the f￿￿￿141 Statements are prepared 15 consistent with the financial ststemenis. and the Report of the Trustees has been pr¢paTed in acGordance with applicable legal requirements. Pag¢ 16 RÈPORT OF THE ANDEPENDENT AUDITORS TO THE MEMBERS OF RESULTS EDUCATIOTrI Matter5 on which we •re required ¢0 report by exception In the light of the knowledge and underS￿nding of the chariuble company and its environment obtsined in the cout¥e of the audit, we have not identified material mis5ts1ements in the Report of the Trustees. We have nothing to report in respect of th¢ following matters where the Companies Act 2006 and the Charities Ac¢ounts (Scotland) Regulation5 2006 r¢quire5 U5 to report to you if. in our opinion= adequate accounting record5 have Dot been kept or returns adequate for our audit have not been rK¢ived from branches not Yisited by us. or the financial ststements are not in agreement with the accounting records and r¢Thrns' or ertain disclosures of tNst¢¢s' rernuneration sp¢cified by law are not made. or w¢ have not r¢c¢ived all the inforniation and explanations we require for our audiL RestM)nsibilities of trustees As explained more fully in the Statement of Trnstees. Responsibililies. the trust¢¢s (who are also ihe dir¢ctors of the charithble company for the pu￿se5 of company law) are resN)nsible for the preparation of ihe financial ststements and for being satisfied that they give a true and fair view. and for such internal control as the thjsiees deterniine is necessary to enable th¢ prepwation of financial statem¢nts that #re free from material misstatement. whether due to fraud or error. In preparing the financial slatem¢nts. th¢ mESt¢es ar¢ responsible for assessing the charitable company's ability to continu¢ &5 a going concern, disc105ing, as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either iniend to liquidate the charitable company or to c¢ase operdtions, or have no realisiic alternative but to do so. Pa8e 17 REPORT OF THE INDEPENDE RE LTS EDUCA T AUDITORS THE MEMBE Our responsibilities for tht *udit of ¢b¢ fin*nei*l st*tements Our objectives are to obtain rewnabl¢ assurortce about wheth¢r the fmancial statem¢nis as a whol¢ are free from material misstatement. wheiher due to fraud or e￿Or. and io issue a Report of the Independent Auditors that includ¢5 our opinion. Reasonable assurdnce is a high level of assurdnce. bui is not a guaranlee that an audit conducted in accordance with ISAS (UK) will always deted a m*erial misstat¢meni when it exists. Misstatements ¢an arise from fraud or error and are ¢onsidered material if, individually or in the aggregate, they could reasonably be ¢xpected to intluence the economic decisions of users taken on the basis of these fman¢ial statements. The extent lo which our pro¢¢dur¢5 are capable of detecting irregularities, including fraud is dwailed below.. Based on our under5tartding of the charity and its activities, and through dI￿u$S1On with the trustees and mana8em¢nL we identified ihe principal Tisks of mawia] misstaiement both ai the financial Maiement level and at the assertion level. We considered the￿ risks in the light of various factOTS including the level of complexity, subjectivity, uncertainty, potential management bia5, fraud. materiality and any other relevani factors. We Considered ihe extent to which these would have a rnaterfftal impact on the f]nancial statements aDd desigD¢d our audit work accordingly. In identifying and assessing risk5 of marerial misslaternent in respect of irregularities, including fraud and non- compliance with laws and regulations, our procedures included the following.. We obtained an understanding of the legal and regulaiory frarnework thai the charity operate5 in, focusing on ihose laws and r¢gulations lh* had a material eftect on the fmancial swem¢nts or that had a fundamenthl effect on the operdtions of th¢ charity from our prof¢s5ional and sector exp¢rienrx. - We perfornied analytical procedures to identify any unusual or unexpethed relationships that may indicate risks of material tnissiatement due to fraud. and reviewed significant or unusual transactions to identify their und¢rlying supw)rting rationale We inspected the Minutes of meetings of those charged with governance, and made direct enquiries of management and the board of trust¢es concerning the charity's policies and procedure5 relating to.. o Identifying. evaluating, and complying with laws and regulations and whether th¢y were aware of any instances of nOn-￿mplianCc- o Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud.. o The internal controls ¢stabli5hed to miligaie risks related to fraud or non-compliance with laws and regulations. In addressing the risk of fraud through rnana8ement override of controls. we iested the appropriateness of journal enthes and oiher adjustments, assessed whether the judgements made in making accounting estimates were indicative of a potential bias and tesi¢d $ignifi¢ant ITansactions that wer¢ unusual or those outside the nonnal Course of business. We also - discussed and reviewed the charity's business model and forward plarffling to asse55 going concern communicated applicable laws and regulations throughout the audit and remained alert to any indiGations of ryoD- compliance throughoui the audit. reviewed the finan¢ial smement disclosures and iesied these io supporting documentstion to ass￿5 compliance with applicable law5 and regulations. - Carried out substantive testing on income and expenditure - Re-perfornied reconciliation5 of control a¢counL%. and recal¢ulat¢d it¢ms such 18 depreciaiion Because of the inherent limitations of an audi4 there is a risk that we will not detett all irregularities. including those leading io a mat¢rial misstatement in the fu)ancial statem¢nts or non•compliance with re8ulaiioD. This risk increases the more that cornplianc¢ with a law or regulation is removed from the events and transactions reflected in the flnancial stsiements, Is we will bc less likely to become awar¢ of instance5 of non-compliance. Th¢ risk is also greater regarding irregularities occurring due ro fraud rather than error. as fraud involves intentional concealmeni. forgery. collusion, omission or mi5represenlation Page 18 REPORT OF THE tNDEPENDENT A RESULT ED TI ITORS TO THE MEMBERS OF A ￿rther d¢s¢ription of our responsibilities for th¢ audit of the financial sthtements is lo¢at¢d on the Financial Reporting Council's w¢bsite at www.frc.org.uklauditorsr¢5ponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely io the charitable company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Aci 2006 and to the charitable company's thjsiees. as a body, in accordance with Regulation 10 of the Chariiies Accounts (Scoiland) Regulations 2006. Our audit work has been undertaken so that we might slate to the charirable company's members those matter5 we are required to state to them in an auditors. report and for no other purp05¢. To the fullest extent perniitted by law. w¢ do noi acwt or assume responsibility to anyone other than the charitable company and th¢ chaTitable companrfs members as a body, for our audit for this report or for the opinions we hav fomied. Mark Partridge FCA (Senior Ststutory Audit￿) for and on behalf of Chariot House Limited Chartered Accountants and Statutory Auditor 44 Grand Parade Brightort BN2 9QA Page 19 RESULTS EDUCATION STATEMENT OF FINANCIAL ACTIVI IE FOR THE YEAR EP4DED 31 DECEMBER 2022 2022 Total funds 2021 Total fijnds Unrestrict¢d fund Restricted funds Not¢5 INCOME AND ErI￿WMENTs FROM Donations and leg¥i¢5 129.558 129.558 19,3 Charitable *etivities Charitable Activities 1292 445 1322 400 1635 949 Total 159 513 l 292 445 1451958 655 249 EXPENDITURE ON Raishng fimd5 27.039 27,039 21,384 Charitable activities Charitable Activities 1530 517 1546 548 648 541 Total 1530517 1573 587 1669 925 NET INCOMEI(EXPENDITURE) 116.443 (238.072) (121,629) (14.676) RECONCILIATION OF FUNDS Total hjnds brought forward 146,345 733.279 879.624 894,300 TOTAL FUNDS CARRIED FORWARD 262 788 495 207 879 624 The notes f¢xm part of thes¢ fmancial 5tstements Page 20 RESULTS EDUCA TION BALANCE SHEET 31 DECEMBER 2022 2022 Total funds 2021 Unrestri¢t¢d fund Restricied funds funds FIXED ASSETS Tangible assets 12 1.480 CURRENT ASSETS Debtors Cash at bank and in hond 13 80,923 262.860 12,872 93,795 745 195 16.154 946 193 343.783 495207 838,990 1,062.347 CREDITORS Amounts falling due within one year 14 {80.9)5) (80.995) (184,203) tYET CURRENT ASSETS 262.788 495 207 878 144 TOTAL A&SETS LESS CURRENT LIABILITIES 262.788 495,207 757.995 879.624 NET ASSETS 262 788 495.207 757 995 879.624 FUNDS Unrestricted fimds Restricted fimds 262.788 495 207 146,345 733 279 TOTAL FUNDS 879 624 The financ al sia ents were approved by ihe Board of Trustees and auth0ri5¢d for i55ue on . and were signed on its b¢half by: J Pett. Tn￿tee The notes fonn part of these financial swements Poge21 SULTS EDU ATIOP4 CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Notrs Cash Ilows from operntlng aetlvities Cash gen¢rated from operations Net rash used in operating adiviti¢5 40.688 Change in ¢&sh and cash ¢quivgleDts i the reporting period Cash and cash ¢quivalents •t the b¢ginAiDg of the reporting perlod (2W.998) {40,688) Cash and Cash equivalents *t the ￿ld of the reporting period 745.195 946 193 The not¢s forni parf of these financial ststem¢nts Page 22 RESULTS EDUCATION NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER2022 RECONCELIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022 2021 Net expenditure for the rep&rting period (as per the Ststemellt of Finantial Artivities) Adjusttnents for: Depreciation charges Decrease in debtors Decrease in ¢reditors (121.629) (14.676) 1,480 22.359 103 208 1,480 8.083 Net c*sh u$¢d in oper8tion$ 40 688) ANALYSIS OF CHANGES IN NET FUNDS At Iiir22 C&%h flow At 31112122 Net cas Cash at bank and in hand 946 193 200.998 745 195 946 193 200 998 745 195 Totsl 745 195 The notes forni pan of these financial statements Page 23 RESULTS EDUCATION NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POLICIES Basis of preparing the finaneial statements The financial staTrments of the charitable company, which is a public benefit entity under FRS 102. have been pr¢pared 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 ihe UK and Republic of Ireland (FRS 102) (effe¢tive l January 2019)., Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ir¢land' and the Companies Act 21106. The financial sratetnents have been PTepared under the historical w51 convention. Critieal aeeoun¢irtg judgements and key sources of estimJtioTr u*eertginty The charity makes esrimaTe5 and assumpiions concerning the futyre. The resulting ￿coUnting estimates will, by definition. 5¢1dom equal the related actual Tesults. The esiimates and wumption$ that have a signifi¢ant risk of causing material adjustrneni io the carrying amounts of ihe assets and liabilities within the next financial year are addressed below. i) Useful econornic lives if tangible assets.. The annual depreci￿70￿ charge for iangible assets ift sensitive io Changes in the estirnated useful economic lives and residual valu¢s of the a55ets. The useful economic Itves and residual values ate reassessed annually. They are amended when necessary io reflect the current e51imates. based on technological advancement, fvrure investments, economic utilisation and phystcal condition of the &ssets. See accounting wTrlicy note (above) for Useful ￿OnOMiC lives for each c1&55 of a55¢ts. li} Expendiftwe allocaiions- Expenditure 15 apportioned where it relates to more than one cost category (see nthe 5). iii) Deferred income.- Income received during the year Telating io later periods is deferred to that period b¥s¢d on the ternis of lh¢ receipt of income. l#eorne All incoming resources are included in the Sthtemeni of Financial Activitie5 (SOFA) when the chartty is legally entitled to the income after any p¢rfonnancx ¢￿dItIonS have been met. the amounr can be measured reliably and il is probable that th¢ income wtll be received. For donations io be recognised the charty will have been notified of the arnounts and the settlement date in writing. If there #re conditions attached to the don*ion and this requires a level of Ferfomiance befor¢ eniitlement can be obtained. then income is defe￿ed until those conditions are fully rnel or the fvlfilmenl of those conditions is wiihin the control of the charity 8nd It is probable that they will be fulfilled. No amount is included in the financial stalements for volunt¢er time in lin¢ with the SORP (FRS 102). For legacie& enlitlement LS the earlier of the charity being notified of an impending distribution or the legacy being r¢c¢iv¢d. Al thi5 point income is recognised. Ort occasion legacies will be notified ro the charity, however, il is not possible to ￿e￿Ure the amouni expecied io distributed. On ihese occasions, the legacy 15 treated as a coniingent assd and disc105¢d. Income from trading actlvilies includes income earned from fiJndraisin8 events and trading activities to rais¢ fimds for the charity, Imcorne is received in exchange for supptying g(Mxls and 5ervice5 in order lo raise fund5 and is recognised when entitlement has ￿¢￿rred. Incom¢ frorn governrnent and other grants are recognised at fair value when the charity has entiilement after any perforniance conditions have been mel li is probable that the income will be r¢ceiYed and the amount can be measured reliably. If enlitlement is not mei then these amounts are deferred. Page 24 continued... 'RESULTS EDUCATION NOTES TO THE FINANCIAL STATEMENTS- tontjDued FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POLICIES- continued Incorne lrtvestment in¢om¢ is earned thTou¥J holding assets for invesmient purp)ses such as Shar￿ and prO￿Tty. It includes dividends, interest and renl. Where il is not practicable io identify inve5tmen¢ management costs incutTed within a scheme with reasonable accuracy the invesmJ¢nt income is re￿rted net of these costs li is included when the amount can be measured reliably Interest income is recognised using ihe effective interest method and dividend and rent income is r¢¢ognised as the charl￿5 right io receive paymeni is established. Expenditure All ¢xpendilur¢ is accounted for on an accrua15 basis and ha5 Eeen classified under headings aggregate all osts rela￿d to ihe category. Expenditure is recO￿lSed where ihere is a legal or constructive obligation to make payments to ihird partie& it is probable that the seitlemeni will be required and the amount of the obligation Can be rnea5ured reliably. It is categoris¢d under the following headings.. -costs of raising fvnds includes salarie5 expenses and overheads -Expenditure on charitable activities includes salaries. expenses Wid overhead5 -other expenditure repre5ent5 those items not falling into the categories above Grants payable to third partie5 are within the charitsble objectives Where uncondiiional grants are offered this is ac¢ru¢d as soon as the recipient is notified of the wi. as this gives rise to a reasonable ¢xpectstion that the recipient will re£eive the grants Where grants are condiiional relating to perfonnan¢¢ then th¢ grant is only accrued when any unfulfilled conditions are outside of the control of the charity. Grants offered subject to conditions which hav¢ not been ai the year end da* are noted as a commitment but nol accrued as expenditure. Support costs Support Costs Jre those that ￿l$t the work of the charity bJt do not directly represent charitabl¢ acliviti¢s and in¢lud¢ offi¢¢ wsts, governance costs and admini5traiive payroll costs They are incurred dire¢ily in support of expenditure on the objects of the charity and include projeci management carried out * Head Office. Where support Costs cannot be directty attributed to particular heading& they have teen allotted to ￿5t of raising fuTMIs and expenditure on charitable activities on a basis consi51ent wirh use of the re50urc¢5. Fund-raising costs are ihose incurred sn seeking voluntary wntribution$ and (k) not include the costs of disseminaling infomiaiion in 5UPPOrt of the charithble activities Tangible fixed Assets Depreciation is provid¢d at the following annual Tates in order to write off eath asset over its estimated useful life. Fixtures and fittings 25% and 51V/• On Cost Th¢ charity'5 fixed asset policy is now to capitalise office fiwniture artd expense computer equipment. Taxation The Charity is considered to the tests set out in Paragraph I Schedule 6 Finance Ad 2010 and therefore it meets the definition of a charithble company for UK Corwration Tax PUTposes. AccoTdingly the Charity is potentially exempt from taxation in ￿SpeCt of income or capiral gatn5 receiv¢d within categorie5 covered by Chapter 3 Part I I Corporation Tax Act 2010 or Section 256 of ihe Taxation of Chargeable Gain5 Ad 1992, to the extent that such incorne or gains art applied exclusively to charitable purposes. Fund accounting Unresrricied funds are available for use ￿ the discretion of the Iruste¢5 in fi￿h¢ranCe genernl obJ￿v¢S of the ¢harity and which have been desIgn￿ed for other PUTW)5¢S. Page 25 continued... RESULT EDUCA TI NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 31 DECEMBER2022 ACCOUNTING POLICIES- tontIn￿ed Fund accounting Designated funds Comprise unre5tri¢ted fvnds that have been set ￿]de by the trus￿e$ for particular purpose5 The aim and use of each d￿18n￿ed fund is set out in th¢ notes to the financial ststements. Restricted funds are funds which are io be used in accordance with spxific restrictions imposed by donors or which hÈve E¢en Taised by the chariry for panicular purposes The cost of raising and administering such fimds are ¢haTged against th¢ 5P¢CLfic fund. The airn and use of restricted fvnd 15 Set oui in the notes to the financial S￿eMents. Foreign Currencies Foreign cun¢n¢y transactions ar¢ inilialty reco￿))sed by applying to the foreign ¢L￿Ten¢Y amouni the swt exchange ￿e ben¥ttn the functional currency and the foreign CUTrency at the date of transadion. Monetsry &ss¢ts and liabilities denominated in a foretgn Curren￿ at the balance sheet date are translaied at the ¢losing date. Pe￿$10Th rosts anql other post-ntiremeDt Ixntfits The charitsble company operdtes a defined contribution pension scheme. Conrribuiions payable to the haritable compan￿5 PEll5ion scheme are charged to the Ststement of Financial Adivities in rhe period to which they rel￿e. Going eonc¢Tn Th¢ finance statements have been prepared on a going concern b&%is as the trustees believ¢ that no material uncertainries exisi. The trustees have considered the level of fijnds held and ihe expected level of income and eXpendin￿e for 12 months from a￿hOrIS1n8 these financial statements. The budgeted income and eXp¢ndI￿re is suificient with ihe levels of reserves for the dlarity w be able to continu¢ a5 a going conc¢rn. Cash and cash equivalents Cash at bank and in. hand are basic finance ￿ets and include cash in hand. deposits held at c411 with bank, other short-temi liquid invesknents with original m￿untieS of three months or les& and bank overdrafts. Bank overdraft5 are shown within borrowings in current liabilitie5. D¢btor5 aud cr¢ditor5 rtteivablelpayable wilbin oNe ytAr Debtors and creditors with no swed inieresr rate and receivable or payable within on yeaT are recorded transaction price. Any losses arising from impasmieni ar¢ recognised in expenditure. DONATIONS AND LEGACIES 2022 2021 Donations 129 558 Pag¢ 26 ontinued... RESULTS EDUCATIO TES TO THE FINANCIAL STATEMENTS- CODtinued FOR THE YEAR ENDED 31 DECEMBER 2022 INCOME FROM CHARITABLE ACTIVITIES 2022 2021 Auivity Consultancy & project in£ome Other GranL8 Charitable Activitie5 Charitable Activities Charitable Activiries 127,841 5,749 1 188,810 113,179 2,012 1,520,758 1,322 400 1635 949 RAISING FUNIY3 Raising donatioos gnd leg*¢i¢s 2022 2021 Staff costs 27.039 CHARITABLE ACTIVITIES COSTS Support costs {s¢¢ note 7) Dire Costs Tota15 Charitsble AciivitÉ¢s 1378 843 167.705 .546 548 GRANTS PAY ABLE 2022 2021 Charitable Aciivitie5 The total grants paid to in5tiiutions during the ye4r wa5 as follows.. 2022 2021 Hope for fijture generations {Ghana) Civil Society Movements Against Tuberculosis in Sierra Leon¢ Healih PromotÉon T8nzxnia WACI Health Small grants Comic Relief Ovesrpend 1.015 1.000 1.015 15 7,545 7,681 18271 Page 27 ntinued... RESULTS EDUCATION NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED I DECEMBER2022 ntinued SUPPORT COSTS Governanc¢ costs Management Totals Charitsble Aetivities 154 147 167,705 NET INCOMEI(EXPENDITURE) Net incomeJ(expendinue) is smed after chargingJ(crediting): 2022 2021 Auditors. remuneration Auditors, remunerdtiofi for non audit work Depreciation- owned assets Operdting l¢ases- land & buildings 6.1)00 1.800 1,480 1.8(K) 1,479 67 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or othtt benefits for the year ended 31 December 2022 nor for the year ¢nded 31 December 2021. Truste￿, expenses £3.646 ot which £3.300 was used for a Equality. Diversity and Inclusion Consulthncy to supwt our work o this at a board l¢vel. Th¢ reminder of the expense5 were for trdvel and meeting cost5. io. STAFF COSTS 2022 2021 Wages and sa]￿leS Social security costs her pension costs 877,154 85.283 939,741 90,172 995 626 1072 695 Th¢ av¢rag¢ m¢)nthly numbeT of ¢mployees during the yearwas as follows: 2022 24 2021 24 Charitsble activity Governance and finance Fundraising 28 28 The number of ¢mployees whose employee benefits (excluding employer pension ¢xrxed¢d £60.000 wa5.. 2022 2021 £00.001- £70,OIKI Page 28 continued... RESULTS EDUCATION TES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED31 DECEMBER2022 io. srAFF COSTS- Continued The total remuneration package. including ernployer5 nationa] insurdnce and pension contyibutions, paid to Key Management P¢TSOTuKI during the year w&% £295,965. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL AcTivrriES UnTestricitd nd Restricied funds Toial funds INCOME AND ENDOWMENTS FROM Donations and legacies 18,375 925 19.3 Charitable activities Charitable A¢tLVlties 1635 949 Total 1622818 1655 249 EXPENDITURE ON Raising funds 21.384 21.384 Charitsble activities Charitsbl¢ Activities 1589 093 Total 1589.093 1669.925 NET INCOMEI(EXPENDITURE) (48.401) 33,725 (14.676) RECONCILIATION OF FUNDS Total funds brought forward 194,747 699,553 894,300 TOTAL FUNDS CARRIED FORWARD 146 346 733 278 879.624 Page 29 corttinued... RESULTS EDUCATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2022 12. TANGIBLE FIXED ASSETS Fixtures and rillings Computer equipment Tolals COST At l January 2022 and 31 December 2022 12.295 814 DEPRECIATION Ai i January 2022 Charge for year 10,815 814 11.629 At 31 December 2022 814 NET BOOK VALUE At 31 December 2022 At 31 December 2021 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Trade debtors Prepaymenis and accrued incom¢ 19.343 27,077 116 154 I& CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Trade creditors Social security and other thxes Other ¢reditor5 Deferred income Accrued expenses 13.168 22.121 3,566 42,140 13.752 24,152 10.830 92.673 184.203 Pag¢ 30 ontinued... RESULTS EDU ATION NOTES TO THE FINAN IAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022 15. MOVEMENT IN FUNDS Net movement in funds Transfers tween fvnds At 3 IIIY22 Ai 111122 Unrestricted funds General fund 146.345 116.444 262.789 Restricted funds RESULTS UK Funds Action Infeciious Dise&se Action Healthy Start All-Paty Parliamentary Group TB Action Child Survival Nutrilion Iniernational Fund Global Healih Straiegies Fund Action Coalition for Epid¢mi¢ Preparedness Innovations Action Maiemal. Newborn & Child Health Action Covid RUE( Gates Foundatiijnal Litrracy and Numeracy 159.969 6,542 3,155 77.184 (7.977) (10.227) (3.155) (23.911) (40) 3,983 3.685 155,975 (7.668) 45,605 206 208 29.842 21,873 (5.325) 29,842 21.873 3.879 9.204 41.168 42,632 Hosted Organisation Funds Global TB Caucus Global Funds Global TB Caucus TB Alli8n¢¢ Global TB Cau¢u5 Gales Global TB Caucus General Fund TB Europe Coalition Funds Send My Friend To School Inlemational Parliamenrary Network for Education Education Catmot Wait Global TB Cau¢u5 ActLOll Global TB Caucus Global Funds (Americas) International Parliamentsry Network for Educaiion G*es Fouftdational Literacy and Numeracy Iniernalional Parliamentary Network for Education Global Partnership foT Education International P￿liaMentary Ne￿ork for Educaiion Malkla Fllnd Iniernaiional Parliarn¢ntary Network for Education World Fo￿1 Program Fund 10,984 22.928 261.409 30.406 3.267 49.835 (10,984) {22,928) (210.458) (10.196) (3.267) 4.467 50,951 20,210 54,302 19.425 1.383 (19.425) (1.383) 11,433 (3,737) 7,696 3.058 21.830 24.888 21.683 121.683) 12.872 12,872 24,273 24.273 733 238 073 495 206 TOTAL FUNDS 879 624 121629 Page31 coniinued... RESULTS EDUCATION NOTES TO THE FINANCIAL STATEMENTS- eontin4ed FOR THE YEAR ENDED 31 DECEMBER 2022 15. MOVEMENT IN FUNDS- ¢oDtinu¢d Net movement in fijnds. included in the above are Ls follows.. In￿rning resources Resourtts expended Movement in fund$ Unrestrieted futhdi General fund 159,515 (43.071) 116.444 Restricted funds Action tnfectious Dise Action Healthy Start All-Party Parliamentary Group TB Action Child Survival Nutrition International Furtd Global Health Strdtegies Fund Action Coalition for Epidemic F¥eparedness Innovations Action Maternal, NewiM)m & Child Health A¢tiorL Covid RUK Gates Foundational Lit¢TXy and Numeracy 356.728 (364.705) (10,227) (3,147) (202,778) {40) (7.977) (10,227) (3,155) (23.911) (40) (8) 178,867 114.050 93,373 (5) (84,208) (71,5￿) (5,320) 29,842 21,873 (5,325) 145,314 {143.850) 1.464 H•sted OryaTrisation Funds Global TB Caucus Global Funds Global TB Caucus TB Allianrx Global TB Caucus Gate5 Global.TB Caucus General Fund TB Europe Coalition Funds Send My Friend To Schi)ol International Parliamenwy Network for Education Education Cannot Wait Global TB Caucu5 Action Global TB Caucus Global Funds (AmeTicas} International Parliamentary Nen¥ork for Education G￿eS Foundational Liieracy and Num¢racy Int¢Tnational Parliamentary Network for Education Global ParnieTship for Education Int¢rnalional Parliamentary Nets¥ork f Education Afghan International Parliam¢ntary NetWOTk f Education Malala Fund Iniemaiional Parliamenrary Netw(Trrk f Educati¢)n World Food Progrnm Fund 37.599 20,343 (48,583) (43,271) 10.458) (10,118) (3,144) (105.433) (10.984) {22,928) (210.458) (10,196) (3.267) 4,467 (78) (123) 109.900 (19.425) (1,383) (19,425) (1,383) 13.552 (17289) (3.737) 81,497 (59.667) 21.830 39,485 (61.168) (21.683) 15,579 (15.579) 24,8(Kl {11,￿8) 12.872 61,570 (37,297) 24,273 1530 516 238 073 TOT AL FUNDS 451958 1573 587) 121629 Page 32 ontinued... RESUL EDU ATI NOTES T THE FINAN IAL TATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022 inued 15. MOVEMEJ¥T IN FUNDS- eonlin¥ed Compara¢iv¢s for movement in I￿ndS Net movemeni in fuThJs Transfers between funds At 31112121 At IllQl Unr¢5tricted fwDds General ￿nd 194.747 (48.402) 146.345 Restricted funds RESULTS UK Funds Action Infectious Disease Fund Action Healthy Start Fwjd APPG TB Fund Action Child Survival Fund Nutrition tnremational Fund TB Global Health Strategies Fund Youth Leaders for Health Fund Action Covid Fund Gates Foundational Literacy and Numeracy 141,183 30.755 3.882 68.641 4,153 206 34.115 19,849 (24213) (727) 8,543 (4,113) (1.063) 159.969 6,542 3,155 77,184 40 206 (34.115) 9,204 41,168 9.204 41.168 Hosted Organisation Funds Global TB Caucus Global Funds Global TB Caucus TB Allianc¢ Fund Global TB Caucus The International Unio Fund Global TB Caucus Slop TB Fund Global TB Cau¢u5 Accountability for Ending TB Fund Global TB Caucus General Fund Global TB Caucus TB Europe Coalition Fund Send My Friend Fund Intern￿lonal Parliamentary NeTh¥ork for Education Gales Foundational Literacy and Numeracy (Education Cannoi Wail ) Global TB Caucus Action Fund Global TB Caucus Global Funds (Americas) Iniemttional Parliamenrary NeNork for Education Gate5 Foundational Literacy and Numeracy Lnternaiional Parliamentary Network for Education Global Partnership for Education 5,512 37,758 5.472 (14,830) 10,984 22,928 (81) (478) 6.506 (6,028) 92.372 23.814 178.070 (3,0(K)) {9.033) 9.592 261,409 30,406 13.2(Ml 42.935 (9,933) 3.267 49,835 194.440 (175.015) 320 19,425 1.383 1.063 11.433 11,433 3.058 3.058 21.683 699 553 733 279 TOTAL FUNDS 14676) 879 624 Page 33 coniinued... SED AT1014 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2022 15. MOVEMENT IN FUNDS- eontinued Comparaiive net rnovement in fund4 included in the above are a5 follow5: Incoming resource$ Resources expended Movement in funds Unrestrieted f¥Nd$ General fijnd 32.429 (80,831) (48,402) Restricted funds RESULTS UK Funds Action InfectlOU5 Dis¢w Fund Action Healthy Swt Fund APPG TB Fund Action Child Survival Fund Nukntion Iniernational Fund TB Youih Leaders for Heahh Fund Aciion Covid Fund Gales Foundaiional Literxy and Nurner4¢y 377.294 21,063 11,912 192,321 40.765 18.863 55.477 88.151 (357,445) (45,276) (12.639) (183,778) (44.878) 152.978) (46.273) (46,983} 19.849 (24,213) (727) ,543 (4,113) (34,115) 9,204 4l,168 Hosted Organi￿tiO￿ Funds Global TB Caucus Stop TB Fund Global TB Caucus A¢¢ountsbility foT Ending TB Fund Global TB Caucus General Fund Global TB Caucus TB Europe Coalition Fund Send My Friend Fund International Parliameniary NehvoTk for Education Gates Foundational Literacy and Numeracy (Education Cannot Wait ) Global TB Caucus Action Fund Global TB Caucus Global Funds (Americas) International Parliamenwy Network for Education Gales Foundational Litern¢y •nd Numeracy International Parliarnentary Nen¥ork for Education Global PatThership for Education 33,061 (39,089) (6,028) 443211 (265,141) (3.(NX)) 178,070 (3,OlX)) 103.875 110,678 (113.808) (103,778) (9,933) (175.015) 16.680) (175,015) 320 14.671 (3.238) 11,433 13.484 {10.426} 3.058 34,653 1622 820 TOTAL FUNDS 14.676 Page 34 ¢ontinu¢d... RESULTS EDUCATION NOTES TO THE FINANCIAL ST ATEMENTS- continued . OR THE YEAR ENDED31 DECEMBER 2022 Is. MOvEmE￿r IN FUNDS- ¢ODtinued Th¢ funds are h¢ld for the following purposes.. RESULTS UK Funds ACTION Infectious Dise￿ Fund To support RESULTS UK'S advocacy work on tuberculosis ￿h¢r knfeciious dISe￿S of poverty. ACTION Child Survival Fund To support RESULTS UK'S work on child surviwdl. including va¢¢ination and polio ¢radicaiion. ACTION Maternal and Newbom Child Health To support work on maternai and child h¢alth with a f￿u5 ¢)n nutrition. ACTION CEPI Fund To support RESULTS UK'S advocacy work building Supwrt for pandemic preparedness. APPG TB Fund To support the work of the All Party Parliamentsry Group on TB in the UK Parliamenl. RESULTS UK - Foundational Liierncy and Nurneracy Fund Funding io support RESULTS UK'S ￿¥(￿¢y work on ¢du￿tIM with UK Parliamentarians and Policy Makers. Hosted organi￿tIon Funds Global TB Cau¢u5 Global Funds To SUPFA)rt work of th¢ Global TB Caucus and its worldwid¢ membership. To support key advocary activities to build Parliamentary commitment OD TB in the UK and in other counrries. Global TB Caucu5 TB Alliance Fund To support work of the Global TB Caucus and its worldwide m¢mbership. To SUPEKJrt key advocacy activiiies to build Parliamenrory ¢ommimient on TB in the UK and in other countrTres. Global TB Caucus The Iniernational Union Fund To 5UPP)rt WOTk of the Global TB Caucus and its worlth¥id¢ m¢mbetship. To supp)rt key advocacy activities to build Parli8ment8ry ¢ommitinent OD TB iK>th in the UK and in other countries. Global TB Caucus Global Accountability for Ending TB Fund To supw)rt the Global TB Caucus network of parliamentsrians io build a sustainable poliiical r¢5p)nse to TB Global TB Cpaucus General Funds Funds to support th¢ work of the Global TB Caucus Pag¢ 35 continued... RESULTS EDUCATION NOTES TO THE FINANCIAL STATEMENTS- CODtiDued R THE YEAR ENDED31 DECEMBER 2022 15. MOVEMENT tN FUNDS- ronlinoed IPNEd- Education Cartnot Wait Fund To provide supwrt for rhe achievement of quality education for all and secretariat hosting costs IPNEd. Global Partnership for Educati(fft Funds to supp)n the netwot* to build a case within national parliaments for education funding. IPNEd Foundational Literacy and Numeracy Fund Funding to support IPNEd's advocacy work on eduution and basic skills with their global network. IPNEd World Food Programme To provide funding forthe dev¢lopment and promotion of ofa school meals toolkit TB European Coalition Fund (fBEC) To support the work of the TB European Coalition and build a strong networt of civil society organisations ift Europe and Central Asia advocaiing on TB. S¢nd My Friend Fund To provide support to Send My Friend, th¢ UK civil society ¢oa]ition of Internation81 development NGO'S. t￿her union5 and chaTities to d¢rnand quality educaiion for all children across the globe. 16. RELATED PARTY DISCLOSURES There were no related party transactions for th¢ year ended 31 DeCern￿r 2022. Page 36