## |||Page| |---|---|---| |Trustees
report||1-18| |Statement
oftrustees|responsibilities|19| |Independent
auditor's|report|20-23| |Statement offinancial|activities|24| |Balance sheet||25-26| |Statement
ofcash flows||27| |Notes to the financial|statements|28-46| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total Unrestricted|Total Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---| ||||funds|funds||funds|funds|| ||||2022|2022|2022|2021|2021|2021| |||Notes|6|||K||6| |f||||||||| |Donations
and legacies|||18,435||18,435|1,097||1,097| |Charitable
activities|||224,311|1,089,173|1,313,484|295,146|967,087|1,262,233| |Investments|||13,051||13,051|12,515||12,515| |Total income|||255,797|1,089,173|1,344,970|308,758|967,087|1,275,845| |~Ex endit~ti||||||||| |Charitable
activities||6|191,541|1,121,828|1,313,369|401,318|947,204|1,348,522| |Net gains/(losses)|on|||||||| |investments||11|19,415||19,415|59,125||59,125| |Net incoming/(outgoing)||||||||| |resources before|transfers||83,671|(32,655)|51,016|(33,435)|19,883|(13,552)| |Gross transfers||||||||| |between
funds|||17,094|(17,094)||||| |Net incoming/(outgoing)||||||||| |resources|||100,765|(49,749)|51,016|(33,435)|19,883|(13,552)| |Other recognised|gains and||losses|||||| |Actuarial
gain/(loss)|on|||||||| |defined
benefit pension||||||||| |schemes|||803,000||803,000|(666,000)||(666,000)| |Net movement
in|funds||903,765|(49,749)|854,016|(699,435)|19,883|(679,552)| |Fund balances at 1 April||2021|(1,364,539)|170,294|(1,194,245)|(665,104)|150,411|(514,693)| |Fund balances at|31 March|||||||| |2022|||(460,774)|120,545|(340,229)|(1,364,539)|170,294|(1,194,245)| ## ## ## |||||2022||2021| |---|---|---|---|---|---|---| ||||Notes|6||6| |Fixed assets||||||| |Tangible assets|||12||10,042|5,225| |Investments|||13||401,237|384,503| ||||||411,279|389,728| |Current assets||||||| |Debtors|||15|113,608||120,276| |Cash at bank and|in|hand||287,272||275,563| |||||400,880||395,839| |Creditors: amounts||falling due within||||| |one year|||16|(98,777)||(117,754)| |Net current assets|||||302,103|278,085| |Total assets less|current liabilities||||713,382|667,813| |Creditors: amounts||falling due after||||| |more than one year|||18||(25,611)|(31,058)| |Provisions for liabilities|||||(1,028,000)|(1,831,000)| |Net liabilities|||||(340,229)|(1,194,245)| |Income funds||||||| |Restricted funds|||21||120,545|170,294| |UrrU;8(rrt
d funds||||||| |General
unrestricted||funds||567,226||466,461| |Pension reserve||||(1,028,000)||(1,831,000)| ||||||(460,774)|(1,364,539)| ||||||(340,229)|(1,194,245)| ## ## ## ## ## |||||||2022||2021|| |---|---|---|---|---|---|---|---|---|---| ||||||Notes|6||6|| |Cash flows from operating||activities|||||||| |Cash generated
from/(absorbed||||by)|27||||| |operations|||||||4,810||(31,746)| |Investing|activities||||||||| |Purchase|oftangible fixed assets|||||(7,993)||(4,635)|| |Purchase|of investments|||||(51,868)||(97,146)|| |Proceeds|on disposal of investments|||||54,549||99,532|| |Investment|income received|||||13,051||12,515|| |Net cash generated
from||investing|||||||| |activities|||||||7,739||10,266| |Financing|activities||||||||| |Proceeds from borrowings||||||||31,058|| |Repayment|of borrowings|||||(840)|||| |Net cash (used in))generated|||from||||||| |financing|activities||||||(840)||31,058| |Net increase
in cash and cash||||equivalents|||11,709||9,578| |Cash and|cash equivalents|at|beginning||ofyear||275,563||265,985| |Cash and|cash equivalents||at end of||year||287,272||275,563| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Unrestricted| |---|---|---|---|---| ||||funds|funds| ||||2022|2021| ||||F|E| |Donations|and|gifts|18,435|1,097| ## ## ## ## ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| ||||||||6|5| |Membership||subscriptions|||||10,317|13,349| |Better connected|||children,||young people &|||| |workforce|||||||320,188|306,908| |Influencing||policy,|practice||and research||368,666|353,376| |Better informed
children||||young people &||||| |workforce|||||||460,800|441,689| |Governance||&administration||||ofcharity|90,700|86,702| |Membership||support services|||||62,813|60,209| ||||||||1,313,484|1,262,233| |Analysis
by||fund||||||| |Unrestricted||funds|||||224,311|295,146| |Restricted funds|||||||1,089,173|967,087| ||||||||1,313,484|1,262,233| |Forthe year ended 31 March 2021||||||||| |Unrestricted||funds|||||295,146|| |Restricted|funds||||||967,087|| ||||||||1,262,233|| |5|Investments||| |---|---|---|---| |||Unrestricted|Unrestricted| |||funds|funds| |||2022|2021| |||6|F| ||Income from listed investments|13,051|12,515| |||||8
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in funds|Net movement
in funds||||||2022|2021| |---|---|---|---|---|---|---|---|---|---| |||||||||E|E| ||Net movement
in funds is stated after charging/(crediting)||||||||| ||Fees payable to the company's||auditor for the|audit|ofthe|company's|||| ||financial statements|||||||13,809|8,951| ||Depreciation
ofowned tangible||fixed assets|||||3,176|1,802| |8|Supportcosts||||||||| ||||Support Governance|||2022|Support|Governance|2021| ||||costs|costs|||costs|costs|| ||||E||E||E|E|| ||Staff costs|||||||70,362|70,362| ||Depreciation||3,178|||3,176|1,802||1,802| ||Insurance||5,458|||5,458|5,349||5,349| ||Repairs & renewals||7,162|||7,162|25,899||25,899| ||Travel &subsistence||15,630|||15,630|8,558||8,558| ||Communication||78,127|||78,127|89,279||89,279| ||Rent||46,770|||46,770|67,838||67,838| ||Other premises costs||23,862|||23,862|23,374||23,374| ||Bank charges/bad|debts|293|||293|408||408| ||Irrecoverable
VAT||28,896|||28,896|41,231||41,231| ||Audit fees|||13,609||13,809||8,951|8,951| ||Legal and professional|||3,665||3,665||7,046|7,046| ||Trustees expenses|||134||134|||| ||||209,374|17,608||226,982|263,738|86,359|350,097| ||Analysed
between||||||||| ||Charitable
activities||209,374|17,608||226,982|263,738|86,359|350,097| ## ## ## ## ||2022|2021| |---|---|---| ||Number|Number| |Employees|26|26| |Employment
costs|2022f|2021
6| |Wages and salaries|692,780|741,922| |Social security costs|64,729|60,886| |Other pension costs|226,912|207,514| ||984,421|1,010,322| ## |Net gains/(l|oss|es)
on investments||| |---|---|---|---|---| ||||Unrestricted|Unrestricted| ||||funds|funds| ||||2022|2021| ||||6|F| |Revaluation|of|investments|19,415|59,125| ## ## ## |12|Tangible fixed assets|Tangible fixed assets|||||| |---|---|---|---|---|---|---|---| |||||Office|Furniture|Computers|Total| |||||equipment|||| |||||6|||| ||Cost||||||| ||At 1 April 2021|||924|4,820|4,868|10,612| ||Additions||||5,477|2,516|7,993| ||At 31 March|2022||924|10,297|7,384|18,605| ||Depreciation|and impairment|||||| ||At 1 April 2021|||416|150|4,821|5,387| ||Depreciation|charged|in the year|139|2,574|463|3,176| ||At 31 March|2022||555|2,724|5,284|8,563| ||Carrying
amount||||||| ||At 31 March|2022||369|7,573|2,100|10,042| ||At 31 March|2021||508|4,670|47|5,225| |13|Fixed asset|investments|||||| ||||||Listed|Cash in|Total| |||||investments||portfolio|| ||||||6||| ||Cost or valuation||||||| ||At 1 April 2021||||382,147|2,356|384,503| ||Additions||||51,868||51,868| ||Valuation changes||||19,415||19,415| ||Cash movement|||||(509)|(509)| ||Disposals||||(54,040)||(54,040)| ||At 31 March|2022|||399,390|1,847|401,237| ||Carrying
amount||||||| ||At 31 March|2022|||399,390|1,847|401,237| ||At 31 March|2021|||382,147|2,356|384,503| |14|Financial
instruments|||||2022|2021| |||||||8|8| ||Carrying
amount offinancial assets||||||| ||Instruments|measured|at fair value through|profit or loss||399,390|382,147| ## ## ## ## |Debtors||||||| |---|---|---|---|---|---|---| ||||||2022|2021| |Amounts
falling due|||within one year:|||| |Trade debtors|||||86,563|32,791| |Other debtors|||||7,666|69,454| |Prepayments||and accrued income|||19,379|18,031| ||||||113,608|120,276| |Creditors: amounts|||falling due within one year|||| ||||||2022|2021| |||||Notes|6|| |Borrowings|||||4,607|| |Other taxation||and social security|||5,859|2,022| |Government|grants||||12,347|1,617| |Trade creditors|||||38,120|68,765| |Accruals and||deferred|income||37,844|45,350| ||||||98,777|117,754| ## ## |||2022|2021| |---|---|---|---| ||||B| |Balance brought|forward|1,617|32,885| |Income received|in the year|209,856|160,051| |Released to income||(199,126)|(191,319)| |Balance carried|forward|12,347|1,617| ## ## ## ## ## ## ## ## ## ## ## |Value ofscheme assets and liabilities|Value ofscheme assets and liabilities||| |---|---|---|---| |||2022|2021| |Fair value ofscheme assets||5,393,000|4,744,000| |Fair value ofscheme liabilities||(6,421,000)|(6,575,000)| |Pension scheme (deficit)||(1,028,000)|(1,831,000)| |titlovement
in year|||| |||2022|2021| |Scheme deficit at beginning|ofyear|(1,831,000)|(1,165,000)| |Expected return on assets||504,000|90,000| |Current service costs||(285,000)|(213,000)| |Interest costs||(137,000)|(115,000)| |Contributions
by the employer||257,000|203,000| |Actuarial
gain/(loss)
for the|period|517,000|(631,000)| |Past service cost adjustment||(53,000)|| |Pension scheme deficit at the year end||(1,028,000)|(1,831,000)| |||||ID
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C| ## ## ## |under non-cancellable
operating
leases, which fall due|as follows:|| |---|---|---| ||2022|2021| |||6| |Within one year|44,814|44,814| |Between two and five years|149,485|132,996| |In over five years|187,708|230,208| ||382,007|408,018| ## ## ## ## ## ## ## ## |Custodial Trustee - Edward|Nichot Fund|||(Continued)| |---|---|---|---|---| |Assets held at 31 March||||| ||||2022|2021| |Funds held in the trust bank|account||49,595|19,562| |Fair value ofthe investment|porffolio by investment|managers|1,518,288|1,423,035| |Total assets|||1,567,883|1,442,597| ##