Annual Impact
Report 2023-24
GOVERNORS
FOR
SCHOOLS
We supported the appointment of 2,165 governance volunteers in over
1,650 schools. academies and trusts across England and Wales.
We achieved a 50h increase in volunteers appointed
to school governance roles in 2023-24.
350/9 of these volunteers are from a global majority background,
690/0 are under 45, and 8 % identified as being LGBT+.
We are delighted with the impact we
have had over the past 12 months.
Now into our 25th year, we are
working to evolve our services - both
to meet the needs of the sector and
ensure our long-term sustainability as
an organisation
years

Annual Report 2023-24
GOVERNORS
,. SCHOOLS
Contents
Legol ond Administrative Information
2-17
Report of the Trustees
18-22
Independent Auditors, Report to the Trustees
23
statement of Financial Activities
24
Income and Expenditure
25
Stateinent of Financiol Position
26
Statement of Cash Flows
27-35
Notes to the Finoncial Statements

Annual Report 2023-24
GOVERNORS
SCHOOLS
Legal and administrative information
Board of Trustees
Dominic NcGonigol (Choir)
lon Armitage
Adrian McLean
Anita Rolli
Mork Twigg
Sean Alleyiie (appointed 17th Jonuary 2024)
Neil Collins loppointed 28th June 20231
Emma Gregory lappoirnted 28th June 2023)
Angela Norrish lappointed 17th January 20241
Dovid Rowsell (resigned 27th June 20231
Anne Punter (resigned 27th June 20231
Jane Higgins (resigned 17th Jonuary 20241
Company Secretary
Taro Hill
Chief Executive
Hannah Stolton
Registered Off ice
Sycomore House
Sutton Quays Business Park
Sutton Weaver
Runcorn
England
WA7 3EH
Company Registration number
3879854
Ck)arity Registration number
1078330
Auditors
AGP Chartered Accountants
Sutton Quoys Business Park
Sutton Weaver
Runcorn
WA7 3EH
Bankers
Uoyds Bank
PO Box 1000
Andover
BXI ILT
Solicitors
A&0 Shearman LLP
One Bishops Square
London
Page I

4Annual Report 2023-24
GOVERNORS
,SCHOOLS
Who are we?
Governors for Sck)ools is o nationol educotioii ck)ority that sources and supports
skilled people oiito governonce boards across England and Wales. For almost 25
years, we hove beeii recruiting Migh-colibre volunteers froim a range of
k)ockgrounds, ollowing tliem to briiig their knowledge to school ond trust boords
and moking o differeiice to how schools ore run.
we're pai-t of our" voliiiiteers, |OLirneys oiid are committed to ploying on active role
in their developmeiit os school governors and academy trustees. We believe thot
placing skilled volunteers from diverse bockgrounds on governing boards
contributes to eff ective goveriiance. A strong ond diverse board enables schools
ond trusts to provide pupils with the best education possible, helping children and
young people reach their full potentiol.
Our mission
Our vision
We're committed to providing
those responsible f or governance
appointments with the best
governor and trustee recruitment
service in the sector.
We're working to ensure that every
school ond trust irn England and Wales
has excellent governonce, driving
improved educational outcomes f or
all children and young people.
Our aspirations for the sector
In Januory 2024, we IoLinched our five key aspirotions for the school governance
sector, olongside our five-yeor impact report.
1. Schools and trusts need to invest in governance, recognising the vital role it
plays in securing strong leadership and improving pupil outcomes.
2. All boards need to show their commitment to staff and pupil mental health by
having a wellbeing governor.
3. Schools and trusts should ensure diversity of skills, backgrounds and
experiences on their boards.
4. All governors and trustees need to be provided with induction and ongoing
training, including access to peer support, to help them in their first six
months.
5. All employers should recognise the value of their employees volunteering in
school governance roles ond support them to do so, creating valuable links
with industry.
We ore committed to ochieving them alongside our many collaborative partners.
To reod more about how we are working towards these aspirations, and how you
can support them, please visit our website re
Page 2

' Annual Report 2023-24
GOVERNORS
FOR
SCHOOLS
Chair's foreword
From September 2024, there will be r)0 government f uiiding provided to the school
governance sector.
Given our position os the market-leading governor recruitment service across
England and Wales, the support we provide schools is now more important than
ever.
As a charity, we have evolved our services to off er school governor, chair of
governors, and academy trustee recruitment over the past eighteen months. We
ore now the only organisotion capoble of supporting the entire breadth of the
stote school sector.
From our conversations with mony in the space, five-yeor impact report and
practical experience os governonce volunteers ourselves, we Ljnderstand the
importance of effective school governance at all levels, ond in oll types of
settings. The Chartered Governance Institute stotes that long-term success and
organisationol stability requires.. a systemic approach to orgonisotional decision-
making, performance monitoring, and accountobility. In short, good governance.
With the demand for our services as strong as ever, we have invested in our teom
and systems to be able to recruit the skilled volunteers the sector needs. Skills
such as finance, safeguarding and experience in education remain omong the
most requested - and we will be developing new woys to support schools with
these recruitment needs in the year ahead. We are excited to share these plans
with you.
I would like to take the opportunity to thank all those who freely give their time
ond expertise to support the school sector through governance roles of all kinds.
The volue you add individually and collectively is enormous, and we are proud to
have supported so many of you to take on roles over the post year.
We are committed to being here in the long run to provide invaluable support to
the sector. We also thonk you for your commitment and look forword to our
continued journey together ahead.
Dominic McGonigal
Chair, Governors for Schools
Page 3

Annual Report 2023-24"
, GOVERNORS
FOA
SCHOOLS
CEO report
As tlie coiring pages sliow, tliis yeor lios beeii one of ropid growth and development f or
LIS OS o cliority.
2023 sow tlie start of OLir 3-yeor strotegy to PLlt tlie orgonisotion on o SLlStoinoble
footing. We are iiMIMensely proLid of OLir viork over tlie post 25 yeors, ond it is now Imore
crLicioI than ever that we secLire OLir fLItLire. It has been o pleasure to collaborate with OLir
trustees os we develop OLir plons to continue to serve the sector, by finding the skilled,
diverse, ond dedicatecl volLinteers tliat are so vitol to scliool iinproveiment
Thank YOLI to the dedicated Gfs staff wlio have odapted so well to our new strotegy,
bringing enthLlSiOSln and forward thinking to our planning. I would like to thank the
execLltive teaim, in porticu5or, vvho hove been key to our decision-making progress,
providing ample challenge, thought ond leodership to ensure we moke this journey
together. We ore also grotefLII for pro bono SLipport f rom Deloitte, who hove helped
challenge and shape OLir strotegy tlirougli cor)SLiltoncy.
Over the year, we were deliglited to SLipport schools and trLlSts in secLiring over two
thoLisand oppointinents to tlieir goveriionce boards. We maintained cn importont level of
diversity in OLir recruits, witli over 400h being Linder 3J. and 37Wo from o globol Imaiority
bockgi-OLind EnsLiring bocjrds liave diversity in skillset, perspective, and experience
continues to be key to oiir Irission.
In Septeinber we set LIP OLir Chair RecrLlltment offering to sit olongside OLir growing
Trustee Recruitment Service. The Imove was immediately popular with boords across the
COLintry While we still odvocote for succession planning being the optimum source of
clioirs, we recognise tliat soimetimes it IS |LlSt not pos.sible to find tlie riglit person from
within. In tliose cases, o dedicoted seorcli is needed to bring tlie required expertise to the
table.
We have continLied to listen to tlie sector, cjnd in response to focus groups and feedback
liove estoblislied our Enhanced RecrLlitinent Service. Tlionk YOLI to everyone who
contribLlted to tliose discLissions aiid lielped shope tlie development of our provision For
schools In need of specifiG skills ond o bespoke liead hunt for their role, we now have a
team ready to work with you to secure the right person for your board.
We look forward to GontinLiing our work with schools and trusts, sourcing volunteers for
the tliousonds of governing board voconcies across Englond and Wales.
Finolly, ond most importantly, none of OLir work WOLild be possible witlioLlt tlie will ond
dedicotion of the excellent volLlllteers we SOLirce. Thonk YOLI to everyone who Iios Lised our
service to be appointed to a governiiig board, ond in particular to our partners wlio help us
to engoge people wlio miglit not otlierwise consider the role.
We look forward to continLiing QLir work with YOLI all in the coming yeor.
Hannah Stolton
CEO, Governors for Sck)ools
Page 4

Annual Report 2023-24
GOVERNORS
, SCHOOLS
Testimonials
'1 had a brilliant experience with Governors for Schools overoll. Becoming
a School Governor has opened the doors for me to contribute directly to
raising educational standards for pupils in the North East. l am able to
give back to my local community in a meaningful and lasting wayi
drawing on my background in finance to provide robust challenge to
senior leadership and drive improvement in my school. Thunks to the
support in the application process, I felt prepured for the role bef ore I
started."
George Gardner
Governor, Silverdale School, PJorth Tyneside
"I have found working with Governors for Schools to be fantastic overall.
I huve already recommended it to many others, and some have gone on
to use Gfs and have been matched to a school themselves."
Florence Pritchett
Governor, Eostlands Primary School, Rugby
"It was an amozing experience all round becoming a governor through Gfs.
I discovered it via LSE alumni communications, and thought it would be a
good fit based on my degrees and professional background. l am happy to
be able to volunteer in this wayp and to give back to my local community.
Limara Malouangout
Governor, Heavers Farm Primary School. Croydon
ééusing the service has been very straightforward, and the support from
our contact has been excellent. We are delighted with the candidate put
forward by Governors for Schools. We will definitely use the service again.
The volunteer has substantial experience in areas that will undoubtedly
benefit the school, and has been very enthusiastic & flexible in making
time to meet us und get to know the school. We very much look forward
to working with them."
Mark Frost
Chair of Governors, Anderton Primory School, Lancs
Ul have sourced more than one Governor through you at Governors for
Schools - they have always been high quality und committed individuals
that have made a real difference to our Board.11
Sally Judge
Headteocher, Delamere School, Troff ord
Page 5

Annual Report 2023-24:
GOVERNORS
SCHOOLS
Key achievements of the year
We supported...
An average of 216
appointments in each COGS
region
60 % of our volunteers to be
appointed in primaryg and 230h
in secondary schools
24% more volunteers from
our corporate partners into
school governance positions
14 volunteers directly into
Chair of Governors roles
We launched..
Our highly popular
hair
er
itment Service
Our STEM
programme
overnor
New eLearning resources to
support MAT Trustees -
Becoming a Trustee and the
First 100 days as a Trustee
Our Inclusive Governance
campaign, highlighting
inclusivity across all
governance responsibilities
Our innovative Pathway to Governance programme designed
to inspire more people from underrepresented backgrounds
into school governor roles
Page 6

Annual Report 2023-24
GOVERNORS
, SCHOOLS
Our work on the Trustee Recruitment Service (TRS)
During 2023~24, the Trustee Recruitment Service delivery gothered pace, with
successes arising f ollowing the appointment of key Portnership Managers within
the team. This meant that by the middle of the year, we had an oppropriate level
of resource to meet the growing need ond demand from the sector, leading to
almost a third of appointments being secured in the lost 2 montk)s of the year.
Across the year.,
110 vacancies were registered with the service, with a good spread across
England and including trusts of varied ethos. size. and demography.
It took. on average, 71 days for each vacancy to have o fully vetted
prospective trustee introduced.
The service has seen repeat activity with trusts, reflecting high levels of
satisfaction with our work.
286 prospective trustees applied and were ossessed for suitubility for the
role.
35 trustees were appointed, with many more under consideration with trusts
moving into 2024-25.
We worked closely with the Confederation of School Trusts ICSTI on two premium
pieces of eLearning content, designed to f urnish volunteers with the requisite
knowledge and oworeness of the role bef ore registering I'Becoming a Trustee'l,
and to equip them as they take on the role I'The First 100 Days as a Trustee'l
TRS has partnered with a number of organisations to increase exposure in the
sector, includir)g the Multl Academy Trust Association (MATAI and CST, as well as
regular attendance at the MAT Governance Group - a quarterly meeting of
governance leads from some of the largest trusts in the country. TRS undertook a
signif icant amount of output f or Trustee Week in November 2023, including
advertising presence in Schools week's online edition.
The decision by Gfs not to submit a bid f or the Df E contract for delivery of
academy trust recruitment services was taken in order to allow continued f ocus
on service development and evolution.
TRUSTEE
RECRUITMENT SERVICE
GOVERNORS SCHOOLS
Page 7

Annual Report 2023-24,
GOVERNORS
FQ
SCHOOLS
Our work on the Chair Recruitment Service (CRS)
In Septeimber 2023, we laLincliecl OLir Clioir Recruitment Service
Tlie service provides a dedicated, prooctive opproacli to recrLllting choirs of governors to
governing lJoords. Lots of scliools were quick to sign up, validoting OLir view that there is a
real need for tlie service Iii tlie sector. Seven Imontlis on, we are already Inoking plans to
increase capocity witliin tlie teoiii to Imeet deimand
Since tlie service IoLinclied.
720h of roles registered with the service have either been filled by Governors for
Schools, or are at the meeting stage with schools.
800/0 of the volunteers placed into Chair roles through the service were sourced
through headhunting activities carried out by our dedicated recruitment team.
We know thot this proactive approocli to recruiting clioirs of governors is highly effective
and ollows LIS to find higlily skilled aiid quolified condidotes to step into tliese vitol roles
We've received soime great feedback from schools who liave used t5ie service including..
Iwe were recommended by CST to approach Governors For Schools to help
with our recruitment process for new Chairs. Following a conversation, we then
commissioned Governors for Schools to recruit to 5 Chair roles across
Nottingham and Derby. I have been really impressed by the level of prompt
communication in terms of keeping us up-to-date with potential candidates.
as well as the calibre of candidates that has been sent to us.
For each school we have received two potential new Chairs and we have so far
appointed 4 new Chairs with our final school hoping to make a decision shortly.
We were informed thot we should expect the process for recruiting 5 Chairs to
take at least a year, but happily this has only taken just over 2 terms:
The time this has saved us from having to do our own recruitment has been
invaluable and I would definitely recommend this service to any school or Trust
that is looking to recruit new Chairs. Thank you to the team
at Governors for Schools.,
Transform Trust
We've set challenging targets for 202412J wliich will see us
increase oworeness of tlie service across trLlSts and LAS, os
well as registering more roles. Tliis will enable LIS to place Inore
clioirs on boards cjcross Englond.
We look forward to continLiing to bLiild on the successes of tlie
programme, to ensLire it can continue to support schools
where succession plonning has not yielded new chairs.
CHAIR
RECRUITMENT SERVICE
GOVERNORS SCHOOLS
Page 8

Annual Report 2023-24
GOVERNORS
., SCHOOLS
Our work to improve diverse representation
Over the past year, we have made it a key priority to diversify representation on
governing boards. Our Inclusive Governance campoign hos been at the f oref ront
of this effort, with a wide ronge of resources aiming to inspire typically
underrepresented groups to volunteer. 593 applicants ref erenced the campaign
as motivating them to apply.
Our belief that sck)ools and trusts should ensure diversity of skills, backgrounds
ond experiences on their boards was also captured os one of our key aspirotions
for the governance sector. With that in mind, we closely monitor data about our
volunteers to guide our diversity eff orts.
For data collection around ethnicity, we follow government guidelines and include
'White, other, as a category on our monitoring forms to ensure our findings ore
accurate.
Over the past year, our placed volunteers were:
510/0 White British
21Vo AsianlAsian British
110/0 BlacklAf riconlCaribbeonlBlack British
90/0 White Other
5 % other or Undefined
30/0 from a Mixed Ethnic Background
101
2%
12%
Ethnl¢lty
breakdown
of our
2.142
pp•lntmfrnts
Whlt•
Brltlsh
19
Ailanl
54%
We also started to capture the sexual
orientation of placed volunteers in 2023-24,
as part of our monitoring. They identif led as
follows.
oth*t*ltt•
2%
#ihrAc
9•h
849/0 Heterosexuallstraight
3Q/o Bisexual
40/0 Gay Male
1% Gay Female
80/0 declined to say
GOVERNORS
.SCHOOLS
10%
18
to
24
55
to04
While we're delighted at the diversity of our
governance volunteers, there is always more
to be done to ensure a range of perspectives
are represented on governing boards.
4$t•64
Age
broakdown
of our
2.143
pp•Intm￿tl
"25
t•34
34%
65+
4%
We're continuing to work towards increasing
recruitment among underrepresented groups
through our work with partners, professional
networks, ar)d community groups.
36to44
30%
GOVERNORS
.SCHOOLS
Page 9

Annual Report 2023-24
GOVERNORS
SCHOOLS
The year ahead
In 2024-25, we plan to
Continue to place over 2000
volunteers into school
governance positions
Fully launch our new
Enhanced Recruitment Service
to provide more bespoke
support to those in need
Build on the impact of our
corporate partnerships
Keep growing our sources of
income to sustain our work
Further develop our website
and technology to keep
improving user experience
Continue to invest in oll our
recruitment streams to best
serve the sector
uaooo
Continue to run our campaigns and engagement events to support
the sector, and introduce governance roles to more individuals
Page 10

Annual Report 2023-24
GOVERNORS
SCHOOLS
Supporters
The chority is fortunote to work with a wide range of portners, without whom our
work would not be possible. Through these partnerships, we are able to extend our
reach ond f urther strengthen and diversify school governance.
Thank you to all of the partners we have worked with this year, including,
Deutsche Bank
BANKOF ENGLAND
AtklnsRéalls
Deloitte.
EhrJ.1)Q￿li￿JI ali¢ T￿th0￿9y
NetbvorkRail
A&0 SHEARMAN
Admiral
GOVERNORS
FOR SCHOOLS
I'll//z HERBERT
SMITH
-.ii,iiIX- FREEHILLS
overnorHub
Knowledge
BARCL4YS
LLOYDS
BANKING
GROUP
CARDIFF
UNIVERSITY
amazon
PRIFYSGOL
CAERDYtfy)
pwc
RIDGE |
Ll
Pinsent Masons
Swansea
University
Prifysgol
Abertawe
CRONFA
GYMUNEDOL
COMMUNITY
FUND
Page 11

Annual Report 2023-24
GOVERNORS
vo
SCHOOLS
Corporate partnerships
In JanLiary 2024, we releosed OLir aspirations for tlie governonce sector. OLir fifth
cspirotion is thot oll eiiiployei-s slioLilcl i-ecognise the volLie of tlieir eniployees volunteering
in scliool governonce roles ond SLipport their to do so, creating volLioble links between
schools ond indLlStry. Tliese aspirotions were portly inspired by pro bono work undertoken
by FTI ConsLilting on our five yeor iimpoct report for which we ore very gratefLII
We are deliglited to liove iiiade strong strides towords tliis over the past yeor, witli OLir
corporate partners playing an increasingly Integral role in the work tlie cliarity does.
In 2023-24, we savv 331 volunteers from OLir corporote partners appointed into school
governance roles, whicli is a 24 % increose on the previous year. Over two years, we have
seen 0 570k rise in the nuiT)ber of volunteers appointed throLigli these partnerships,
ref lecting the growing populority of scliool governance as o skilled volunteering
opportLinity.
Working witli corporate portners offords LIS excellent opportLinities to recrLlIt volunteers
wlio differ f rom tlie majority of tliose serving in governonce roles.
Across 2023-24.
55Yo of appointed volunteers were under the age of 35
430/0 came from a global majority background, with a further 9% being non-white
British
The chority lounched SLiccessfLII new relationsliips with Amozon, IG Group, Network Roil,
and Ridge ond Partners over tlie post yeor, witli a nuimber of exciting portnerships set to
louncli in the montlis alieod.
OLir work witli AtkinsReolis, cliompioning tlie STEM Governor role, lios been o big feature of
OLif SLiccess tliis yeor, seeing Imore employers signing up to enoble their people to toke on
strategic positions in schools. Tliese volLinteers lielp build links with busir)ess to inspire
young people to consider careers witliin the STEM industries, and in doing so help
safeguord the future skills needs of the sector.
The chority is also thankful for other SLipport provided by partners including sponsorship,
the cliompioning of our work witliin tlieir owr) professionol networks, ond pro bono
strotegic consLiltoncy lin tlie case of Deloitte)
"I work closely with our account manager. They are very knowledgeable and constantly
share new opportunities we can get involved in. Governors for Schools are doing on
incredible job with creating new pathways to step into governance roles. l am
purticularly pleased we have managed to recruit so many junior members of the
company.
Paula Rocque, KPMG
Page 12

Annual Report 2023-24
GOVERNORS
SCHOOLS
Pathway to Governance
We are pleased to have fully launched our CPD-accredited Pathway to
Governance programme in 2024, following a successf ul pilot lost yeor. The charity
is currently running the programme in partnership with Kings College London, the
Sutton Trust, Amazon, and Camden Learning, ond looks forward to launching
f urther cohorts in the months ahead.
Governors for Schools believes that strong governance requires a diverse ronge of
perspectives and experiences. Those aged 30 or under moke up only 3 % of all
school governors, meaning younger voices are largely missing f rom boards. With
over 20,000 vaconcies in England olone, there is o huge missed opportunity to add
passionate and knowledgeable perspectives to boards across the country.
Pathwoy to Governonce oims to f ulf il this need by providing an immersive learning
experience designed to educate and inspire potential governors f rom
underrepresented backgrounds. Over a period of two months, participants learn
about becoming an effective governor and goin practical experience in mock
governing board meetings. Following completion of the progromme, they are given
tailored support to opply via our service and be appointed into schools in their
local communities.
The charity looks forward to seeing the programme grow across the year ohead.
eLearning
Short reglstration
of interest
LEABNINa
Prioritised
placement*
APPLY
Mock board
meeting
Information
session
Pre-
1.1 call to
support
application
programme
survey
Post-programme survey
Page 13

Annual Report 2023-24,
GOVERNORS
ott SCHOOLS
Training
To lielp support ocodemy trLlStees in preporing for tlieir governonce roles, we introduced
some iiew odditions to OLlI- eLeariiiiig portfolio In 2023-24. Developed in colloborotion with
the Confederotion of Scliool TrLlSts ICSTI we IoLinched.
Becoming a Trustee
The first 100 days as a trustee module
Tliese offeriiigs liave l)een well received by tlie sectoi-, ond lielp ensLire academy trustees
stort their roles eqLiippecl with key inf orimation tliat will SLipport them tliroLighout tliei r
iourney
Similarly, we liave continLied to update the comprehensive Become on Effective New
Governor series to reflect the most recent sector updates for governors who ore new to
tlie role. The resoLirce continLies to grow in POPLilarity ond is ovoilcjble for purchase on OLir
website. We believe all governors neecl occess to Q qLiality Induction, ond this resoLirce
enobles us to SLipport schools ond trLlSts In providing this.
OLir ever-POPLilar webinar series, delivered by Better Governor, lias continLied to be
SLiccessfLII this yeor. We ore gratefLII to
Imootliwoll for their sponsorsliip in 2023-24,
Imoking the series f reely uccessible to all. This yeor, the webinars liave beeii wotclied by
more thon 4,000 people.
'1 always find these webinars really useful as they provide up-to-date, pertinent
information in a very clear, succinct way. They alvways lead me to thinking about areas to
follow up in school to continue to improve our practice and effectiveness. Thank you!IP
Webinar attendee
Conference
Our online conference continued to grow in POPLilority in 2023. Taking ploce over two doys,
Governors for Schools wcjs deliglited thot the Institute
f Physics, IIOPI Limit Les
campaign sponsored the event.
Over 4,000 governors ond sector professionols joined the sessions in live time or watclied
tlie recordings on YoLITLibe. Neorly 50 expert speakers f rom o variety of orgonisations
helped tlie conference sessions Inointain their excellent stondords froin previous yeors,
wit5i an overage roting of 4.3 out of J.
"Very comprehensive and accessible. Ansvvers to the questions were spot on."
IIExcellent contributions f rom the panel, well chosen to represent each sector. This
remains a challenge in my setting but the discussion inspired me to keep trying.
Page 14

Annual Report 2023-24
GOVERNORS
SCHOOLS
Working in collaboration with the sector
Over the past year, we have continued to actively collaborate with a wide range
of organisations within the education and charity sectors. Our aspirotions outline
the impact we want to have on education governance, and our collaborative
ethos is key to achieving them.
We have long-standing relationships with other governonce orgonisations
including GovernorHub, Better Governor and Strictly Education. These continued
to grow f rom strength to strength across 2023-24, ond we are excited to see
what we can achieve together in the next twelve months.
We ore gratef ul f or the many ways in which partner organisations have supported
our Inclusive Governance compaign. For example, we teamed up with the Bell
Foundation for a populor webinar on how school governors can best support
children who use English as an Additional Language.
Some highlights of our collaborotive work in 2023-24.
A highly successful National School Governors, Awareness Day held in
partnership with Strictly Education
Our annual conference bringing together speakers from 34 different
organisations
The many governance volunteers and organisations that supported our
Inclusive Governance campaign
Our work with the Conf ederation of School Trusts to develop high quality
induction support for newly appointed trustees
We look forward to continuing to build on
these relationships, and creating more, in
the year ahead.
Page 15

Annual Report 2023-24
GOVERNORS
"l.FOH SCHOOLS
Objectives
We focilitate the recrLlitment and placement of people with business and
manogemeiit skills who are willing to act as governors and trustees with the
oim of strengthening the goveriiing boards of schools and mLilti academy
trusts. We believe tliis Is of benef it to the PLiblic throLigh the advancement of
edLlCQtion by making available odvice and assistance to all schools.
The compony reviews its aims, objectives and activities each year ensuring
tliey I"emaiii focused on the stated PLlI-pose of tlie charity
The TrLlStees refer to the giiidonce giveii by the Cliarity Commission or) public
benefit during this process arid assess liow successful each octivity has been
and what benef its have been brought to the groups of people the charity is
set up to help.
Good Governance
The trLlStees meet qLi0rterly to monitor progress and to make decisions
concerning the strategic direction of the charity The Chief Executive attends
all board Ineetings. The board approves the annual Business Plan and detailed
budget. The staff of Goveriiors for Schools are outhorised to work within the
f ramework of tlie Busiiiess Plon aiid bLidget under the direction of the Chief
Executive. The trustees receive reports f rom the Chief ExecLltive, comprising
financial, stotistical and other information to enable them to measure the
company's performonce agaiiist budget, targets and objectives for the year.
New trustees ore recruited to the board as required in order to ensure thot
the board membersliip hos the proper range of skills and competencies. A skills
aLidit is undertoken regLilarly to identify gaps iii expertise.
None of the trustees receive remuneration or other benef it from their work
with tlie cliority Any coniiectioii between a trustee or senior manager of the
charity mLlSt be disclosed to the full board of trustees. In the CLirrent year no
such related party transactions were reported, other than as disclosed in the
notes to the accounts.
Reserve policy
The trLlStees' CLirrent policy is to hold SLif ficient reserves to provide working
capitol to meet conti-acted commitmeiits, 3 months operoting costs, and on
organised winding down of the compaiiy should this ever be required.
These reserves ore ref lected in the designated reserve f und shown in the
occouiits. Donotioiis f rom supporting organisations ore sought early in the
fiiiancial year to provide working capital for the year ahead.
Reserves at the end of the year consisted of Restricted Fund £5,000,.
Eiesignated Fixed Asset Fund (to be matched against future depreciation
charges) £14,176, Designated Reserve Fund £215,000,. and Unrestricted Funds
of £111,972.
Page 16

Annual Report 2023-24
GOVERNORS
FC
SCHOOLS
Risk management
The Company has o comprehensive on-going and up-to-dote risk register. The
boord takes direct responsibility for management of risk in two business
critical areas,. these areas are cessation or reduction of funding and the
performance of the Chief Executive. The other risks ore designated as
operational and the Chief Executive is responsible for monitoring changes and
alerting the board.
Trustees. responsibilities
The trustees (who are also directors of Governors for Schools for the
purposes of company law) are responsible for preparing the Trustees, Annual
Report and the f inancial statements in accordonce with opplicable law aiid
United Kingdom Accounting Standards (United Kiiigdom Generally Accepted
Accounting Proctice). Company law requires the trustees to prepare financial
statements for each financial year. Under company law the trustees must not
approve the financiol stotements unless they are satisfied that they give a
true and fair view of the state of affairs of the charitable company and of the
incoming resources and application of resources, including the income and
expenditure, of the choritoble company for that period. In preparing these
f inancial statements, the trustees are required to..
Select suitable accounting policies and apply them consistently
Observe the methods and principles in the Charities SORP
Make judgments and estimates that are reosonoble and prudent
State whether applicable accounting standards have been followed,
subject to ony departures disclosed and explained in the financial
statements
Prepare the accounts on a going concern basis unless it is inappropriate to
presume that the charity will continue in business
The trustees are responsible f or maintaining proper accounting records which
disclose with reasonable accuracy at any time the financial position of the
charitable company and to enable them to ensure that the accounts comply
with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
Small Company Provision
This report has been prepared in accordance with the provisions applicable to
componies entitled to the small companies, exemption. The Report of the
Trustees, wos
,£i,i//l
ned on behalf of the board of directors
By
Dominic McGonigal
Chair of Trustees
Page 17

GOVERNORS FOR SCHOOLS
Independent Auditor's Report to the Members of Govemors for Schools
Year ended 31 March 2024
Opinion
We have audited the financial statements of Governors for Schools (the 'charily') for the year ended
31 March 2024 which comprise the statement of financial activitie5 (including income and expenditure
account), statement of financial position, statement of cash fEows and the related notes, including a
summary of significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements=
give a true and fair view of the state of the charily's affairs as at 31 March 2024 and of its
incoming reSoUr￿S and application of resources, including its income and expenditure, for the
year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice-,
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducled our audit in accordance with International Standards on Auditing {UK) {ISAs {UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charily in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and the provisions available for small
entities, in the circumstances set out in note 25 to the financial statements, and we have fulfilled our
other ethical responsibililies in accordance with these requirements. We believe that the audit evidence
we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis
of accounting in the preparation of the financial slatements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relaling to
events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to
continue as a going concern for a period of at least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.
18

GOVERNORS FOR SCHOOLS
Independent Auditor's Report to the Trustees of Governors for Schools
(conllnued)
Year ended 31 March 2024
Other inforniation
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information. Our
opinion on the financial statements does nol cover the other information and, except to the extent
Othe￿ISe explicitly stated in our report, we do not express any fomi of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other infomation
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If
we identify such material inconsistencies or apparent material misstatements, we are required to
determine whether there is a material misstatement in the financial stalements or a material
misstatement of the other information. If, based on the work we have performed, we conclude that there
is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course
of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Charities Acl 2011
requires us to report to you if, in our opinion..
the information given in the trustees, report is inconsistent in any material respect with the
financial statements,. or
adequate accounting records have not been kept., or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees are responsible for the
preparation of the financial statements and for being satisfied thal they give a true and fair view, and for
such internal control as the trustees determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
19

GOVERNORS FOR SCHOOLS
Independent Auditor's Report to the Trustees of Governors for Schools
(¢ontinued)
Year ended 31 March 2024
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detecl a material misstatement when il exists.
Misstatements can arise from fraud or error and are considered malerial if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstalements in respect
of irregularities, including fraud. The extent to which our piocedures are capable of detecting
irregularities, including fraud is detailed below=
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities,
including fraud and non-compliance with laws and regulations, was as follows..
the engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilities and skills to identify or recognise non-compliance with applicable laws
and regulalions;
we identified the laws and regulations applicable lo the company through discussions with
directors and other management, and from our commercial knowledge and experience of the
sector.,
we focused on specific laws and regulations which we considered May have a direct material
effect on the financial statements or the operations of the company.,
we assessed the extent of compliance with the laws and regulations through making enquiries
of management and inspecting legal correspondence- and
identified laws and regulation5 were communicated within the audit team regularly and the team
remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misslatemenl,
including obtaining an understanding of how fraud might occur, by..
making enquiries of management as to where they considered there was susceptibility to fraud,
their knowledge of actual, suspected and alleged fraud,. and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws
and regulations.
To address the risk of fraud through management bias and override of controls. we:
performed analytical procedures to identify any unusual or unexpected relationships.,
tested journal entries to identify unusual transactions-
assessed whetherjudgements and assumptions made in determining the accounting estimates
were indicative of potential bias., and
investigated the rationale behind significant or unusual transactions.
20

GOVERNORS FOR SCHOOLS
Independent Auditorfs Report to the Trustees of Governors for Schools
(Continued)
Year ended 31 March 2024
In response to the risk of irregularities and non-compliance with laws and regulations, we designed
procedures which included, but were not limited to..
agreeing financial statement disclosures to underlying sUPPOrting documentation.,
reading the minutes of meetings of those charged with governance;
enquiring of management as to actual and potential litigation and claims., and
reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.
There are inhererbt limitations in our audit procedures described above. The more removed that laws
and regulations are from financial transactions, the less likely it is that we would become aware of non-
compliance. Auditing standards also limit the audit procedures required to identify non-compliance with
laws and regulations to enquiry of the directors and other management and the inspection of regulatory
and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error
as they may involve deliberate concealment or collusion.
As part of an audit in accordance with ISAS {UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financial statements, whether due
to fraud or error, design and perform audit procedures responsive to those risks, and obtain
audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of
not detecting a material misstatement resulting from fraud is higher than for one resulting from
error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the
override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not forthe purpose of expressing an
opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by the trustees.
Conclude on the appropriateness ofthe trustees, use ofthe going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charity's ability to continue as a
going concern. If we conclude that a material uncertainty exists, we are required lo draw
attention in our auditor's report to the related disclosures in the financial statements or, if such
disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditorfs report. However, future events or conditions
may cause the charity to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including
the disclosures, and whether the financial statements represent the underlying transactions
and events in a manner that achieves fair presentation.
21

GOVERNORS FOR SCHOOLS
Independent Auditor's Report to the Trustees of Governors for Schools
(continued)
Year ended 31 March 2024
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of Ihe audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
AGP Chartered Accountants are eligible to act as an auditor in terms of section 1212 of the Companies
Act 20C6.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with section 144 of the
Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been
undertaken so that we might state to the charity's members those malters we are required to state to
them in an auditorfs report and for no other purpose. To the fullest extent pemiitted by law, we do not
accept or assume responsibility to anyone other than the charity and the charity's members as a body,
for our audit work, for this report, or for the opinions we have formed.
AGP
Chartered Accountant5 & statutory auditor
Sycamore House
Sutton Quays Business Park
Sutton Weaver
Runcorn
Cheshire
WA7 3EH
2 1 IlJivLO16c-R
.2024
22

GOVERNORS FOR SCHOOLS
STA TEMENT OF FINANCIAL ACTIYJTIES
For the year ended 31" March 2024
Note
Restrieted
Funds
Total
Funds
202312024
Total
Funds
202212023
Restricted
Funds
Income
Income from Charitable
Activities:
Donations
Grants
Investmeiit Income
Chargeable Services
Other
Total Income
105,747
900,000
5,033
283,493
20,000
125,747
900,000
5,033
283,493
821,302
414
145,731
1,294,273
20,000
1,314,273
967,447
Expenditure
Expenditure on Charitable
Activities:
Raising funds
Recruiting & Placement of
School Govemors
Chargeable Services
Total Expenditure
230
976,484
230
998,167
21,683
973,544
310,050
1,286,764
310,050
1,308,447
127,608
1,101,152
21,683
Net (Expenditure) I Income
for the Year Before
Transfers
Traiisfers between Fwids..
7,509
(1,683)
5,826
(133,705)
Net (Expenditure) I Income
for the Year
7,509
(1,683)
5,826
(133,705)
Other Recognised Gains
and L05se5
Net Movement in Funds
7,509
1,683)
5.826
(133,705)
Reconciliation of Funds
Balances brought fonvard at I
Apiil 2023
333,639
6,683
340,322
474,027
Balances Carried forivard at
31 March 2024
341,148
5,000
346,148
340,322
The statement of financial activities includes all gain5 and losses and losses recognised in the year.
All income and expenditure derives from continuing activitics.
23

GOVERNORS FOR SCHOOLS
INCOME & EXPENDITURE
For the year ended 31" March 2024
TOTAL
202312024
TOTAL
202212023
Note
Income
Otlier Restricted
Donations Unrestricted
Grants Unrestricted
Otlier Unrestricted
20,000
105,747
900,000
288,526
1,314,273
118,062
703,240
146,145
967,447
Total Income
Expenditure
Salaries
Other Operational Charges
Depreciation
1,063.431
234,839
10,177
1,308,447
872,097
218,146
10,909
1,101,152
10
Total
Expenditure
Surplus of expenditure over
income
5,826
(133,705)
Net Transfer tolfrom Funds
Restricted fund
Designated Fixed Asset Fund
Designated Reserve Fund
Unrestricted Fund
(1,683)
(888)
6,683
553
8,397
5,826
140,941
133,705
24

GOVERNORS FOR SCHOOLS
STATEMEIYT OF FINANCIAL POSITION
As at 31" March 2024
Note
202312024
202212023
Fixed Assets
Tangible fixed assets
10
14,176
15,064
Current Assets
Debtors & Prepayments
Cash at bank and in hand
11
96,770
366,682
463,452
53,136
374,843
427,979
Liabilities
Creditors falling due within oiie year
12
131,480
102,721
Net Current Assets
331,972
325,258
Total Assets less Current Liabilities
346,148
340,322
Net Assets
346,148
340 322
Funds
Restricted Fund
Designated Fixed Ass¢t Fund
Designated Reserve Fund
Unrestricted Fund
13
5,000
14,176
215,000
111,972
346,148
6,683
15,064
215,000
103,575
340,322
For the ycar ending 31 Marcli 2024 the charity was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Directors, responsibilities..
Th¢ members have not required the company to obtain an audit of its financial statements for the
year in question iii accordance with section 476.
The directors acknowledge theii responsibilities for complying with the requirements of thc Act
with respect to accounting records and the preparation of financial stat¢mentS.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small compaiii¢s' regim¢.
ese finan
al statements were approved by the board of trustees and authoris¢d for issue on
and are signed on
altTryf the board by..
IC MCGONIG
IR
25

GOVERNORS FOR SCHOOLS
STATEMEIYT OF CASH FLOWS
As at 31" March 2024
202312024 202212023
Cash flows from operating activities
Net incoine
5,826
(133,705)
Adjiistn?eiils.for.'
Depreciation aiid impainrjent of tangible fixed assets
Otlier interest receivable aiid similar iiicome
Accrued (income)/expeiises
10,177
(5,0_3_3)
5,805
11,591
(414)
27,527
Changes in..
Trade and other debtors
Trade and other creditors
(43,634)
22,954
6,255
2,923
Cash generated from operatioiis
(3905)
(85.823)
Interest received
5,033
414
Net cash (used in}/from operating activities
1,128
(85,409)
Cash flows from investing activities
Purchase of tangible assets
(9,289)
(12.145)
Net cash used in investing activities
(9,289)
(12,145)
Net (decrease)lincrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
(8,161)
374,843
(97,554)
472.397
Cash and cash equivalents at end of year
366,682
374,843
26

GOVERNORS FOR SCHOOLS
NOTES TO THE ACCOUNrs
General information
The charity is a private company limited by guarantee, registered in England and Wales and a
registered charity in England and Wales. The address of the registered office is Sycamore House,
Sutton Quays Business Park, Sutton Weaver, Runcorn, Cheshire, WA7 3EH.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reportiiig Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK ￿]d Republic of Ereland (FRS 102) (Charities
SORP (FRS 102)) and the Charities Act 2011.
Accounting Policies
Basis of preparation
The financial statements have been prepaTed on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the ￿nCtIOnal currency of the entity.
Going concern
There are no material unccrtainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires maiiageinent to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are continually
reviewed and are based oil experiejice and other factors, including expectations of future events
that are believed to be reasonable under the circumstance5.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of
the general objectiv¢s of the charity.
Designated funds are unrestricted funds earniarked for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
27

NOTES TO THE ACCOUNTS (Continued)
Recognition of Income
All incoming resources are incliided in ilie statement of fiiiancial activities wlien the charity IS
entitled to the income and tlie ainount can be quantified with reasoiiable accuracy. Encoming
resources received for specific pU￿oseS are incliided in the statement of financial activities. The
balance of incoine received for speciflc pU￿oseS but not matched to relevant expenditure during
the period is shown in ilie Restricted Income Fund and Balance Sheet.
Income from cliaritable activities aiid donations is received by way of grants, sponsorship
and doiiations and is included iii full iii the Statement of Financial Activities when
receivable. Grants. where entitleineiit is not coiiditional on the delivery of a specifi
performance by tlie charity, are recognised when the cliarity becomes unconditionally
entitled to tlie grant.
Intangible income represents services aiid facilities donated by third parties and is included
at the value to Governors for Schools where this can be quantified by the Board and where
provided at a cost to the third party.
Expenditure
All payments ar¢ recognised in tlie accounts in the year to which tliey relate. Expenditure is
recognised on an accruals basis as a liability is incurred.
Charitable expenditure comprises those costs incurred by the charity in tlie delivery of its
activities. It iiicludes hoth costs that can be allocated directly to such activities and those
cosls of an indirect nature Iiecessary lo support tliem.
Governance costs include those costs associated with meeting the constitutional and
statutory requirements of the charity and include the audit fees and costs linked to the
strategic mana&Fement of the charity.
All costs are allocated between tlie expenditure categorie5 of tlie SOFA on a basis designed
to reflect the use of tlie resource.
Costs relating to a particular activity are allocated directly. others are apportioned on an
appropriate basis.
Chargeable Services
Where chargeable services relate to a specific period, income i.s recognised on a monthly basis
with the balance Ireated as deferred iiicovne. Chargeable services income is shown net of VAT.
Costs are allocated montlily against annual fees to cover delivery resource, with cost apportionment
lating to direct salary costs incurred and the direct operational costs of service delivery.
Fixed Assets and Depreciation
Purchases are capitalised where the expected useful life of th¢ items exceed one year and wher¢
tlie cost of acquisition exceed5 £500 including VAT. Assets are depreciated over their expected
useful life by the straiglil line metliod. The classes and standard asset lives are reviewed ai]nually.
The depreciation rates applied to the inain categories of assets are as follows:
Class of Asset
Standard Useful Life
Computer Equipment & Furniture
3 years
28

GOVERNORS FOR SCHOOLS
NOTES TO THE ACCOUNTS (Continued)
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discounl
offered. Prepayments are valued at the amount prepaid after taking account of any trade
discounts due.
3.10 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from
a past event that will probably result in the transfer of ￿ndS to a third party and the amount due to
settle the obligation can be measured or estiinated reliably. Creditors and provisions are normally
recognised ai iheir settlement amount after allowing for any trade discounts due.
3.11 Taxation
The company is a registered cliarity and as such is exempl from Income and Corporation taxes
under the provision of the Income and Coryoration Taxes Act 1988. Tlie cost of Value Added Tax
incurTed by th¢ company has been included in the Income and Expenditure Account.
3.12 Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments.
Basic financial instruments are initially recognised at transaction value and
subsequently measured at the carying value at their settlement value with the exception of banks
loans which are subsequently measured at amortised cost using tlie effective interest method.
3.13 Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the
related service is provided. Prepaid contributions are recognised as an asset to the extent that th¢
prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees r¢nder the related service. the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as a finance cost in
profit or loss in the period in which it arises.
3.14 Operating lease agreements
Kentals applicabl¢ to operating leases where substantially all of the benefits and risks of ownership
remain with the lessor are charged against profits on a straight line basis over the period of the
lease.
Limited by guarantee
The company is limited by guarantee and does not have a share capital. The liability of the
members is limited in the event of the company being wound up to such amount as may be required
not exceeding one pound.
29

GOVERNORS FOR SCHOOLS
NOTES TO THE ACCOUNTS (Continued)
Donations
202312024
202212023
80=20 Charitable Trust
687,312
Allen & Overy
Allen & Overy Foundatioii
Teiizing
Amazon Smile
10,500
5,000
50,000
50,000
29
39
Frances Jacob
48,000
243
48,000
366
JustGiving
Smoothwall Ltd
3.000
GovernorHub
10,000
10,000
Jack Petcliey Foundation
IET
2,000
2,800
Deloitte
1,575
Hoddesdon
260
Cliarities Trust
200
National Lottery Coinmunity
CAST
5,250
5,000
Benevity
Amazon
190
2,085
100
School% Support Services
Services for Schools
100
Institute of Physics
5,000
125,747
821,302
Grants
202312024
202212023
80..20 Charitable Trust
900,000
900,000
Investment Income
202312024
202212023
Bank Interest
5,033
414
5,033
414
30

GOVERNORS FOR SCHOOLS
NOTES TO THE ACCOUNTS (Continued)
Charitable Activities
202312024
202212023
Marketing
Business Development
Impact aiid Governor Support
Website & Database
Salaries & Expenses
Administration
Occupancy Costs
Depreciation
Offic¢ Equipment
Legal & Professional
18,782
16,090
13,558
59,318
829,806
32,599
4,707
10,177
2,587
5,023
992,647
23,999
1,720
61,181
50,219
788,584
2,786
23,555
10,909
1,278
4,033
968,264
Governance Costs
Auditors, Remuneration - Audit Fee
5,520
5,520
5,280
5,280
Chargeable Services Costs
Salaries & Expenses
Operational costs
264,539
45,511
310,050
108,948
18,660
127,608
Remuneration
The Board Chairnian & Directors
The Chairn]an & Directors did not receive any remuneration for their services. No expenses
were paid during the year.
Employees
Analysis of Employees
Average Number
Of Employees
202312024
Average Number
Of Employees
202212023
Category of Employment
Chief Executive
Administration
Delivery & Impact
27
32
23
26
31

GOVERNORS FOR SCHOOLS
NOTES TO THE ACCOUNTS (Continued)
Analysis of Staff Cost5
Total staff costs for the year were
Salaries
Total
202312024
Total
202212023
Salaries
Einployer's Pension
Employer's NIC
947.777
26,580
89,074
1,063,431
775,034
21,955
75,108
872,097
The amount recognised in the Statement of Financial Activities as an expense in relation to
defined contributioii pension plans was £26,580
The number of employees whose emoluments (salaries, wages and benefits in kind) fell within
the following band=
202312024
£'ooo
202212023
£'ooo
£70,000 - £79,999
£80,000 - £89,999
During the year pe115ioii contributions of £7,060 weiE paid for tliis inember of staff.
io
Fixed Assets
Analysis of Fixed Assets
Computers
& Furniture
Total
202312024
Total
202212023
Cost
as at l April 2023
Purchased iii year
Disposal of equipment
Cost as at 31, March 2024
56,683
9,289
56,683
9,289
84.754
12.145
(40,216)
56,683
65,972
Depreciation
as at l April 2023
Charge for th¢ year
Depreciation on Disposal
as at 3 1st March 2024
41,619
10,177
41,619
10.177
70,243
10,909
(39,533
41,619
Net Book Value
as at l April 2023
as at 3 1st March 2024
15,064
14,176
15.064
14,176
14,511
15,064
32

GOVERNORS FOR SCHOOLS
NOTES TO THE ACCOUNTS (Contlnued)
11
Assets
Debtors & Prepayments
Total
202312024
Total
202212023
Trade Debtors
Prepayments
55.230
41.540
96,77
29,210
23,926
53,136
12
Liabllities
Creditors falling due wlthin one year
Total
202312024
Total
202212023
Creditors
Accruals and Deferred Income
Taxation
17,211
97,230
17,039
131,480
4,990
91,425
6,306
102,721
Where chargeable services relate to a specific period, income is recognised on a monthly basis
with the balance treated as deferred income.
Total
202312024
Total
202212023
Deferred income brought fonvard
Released from tlie prior year
Deferred in the current year
Deferred income carried forward
85,633
(85,633)
91,470
91,470
54,389
(54,389)
85.633
85.633
13
Restricted Funds
Balance
202212023
Incoming
Expenditure,
Gains, Losses
& Transfer
Total
202312024
Allen & Overy
2,501
2,501
Allen & Overy
Foundation
5,000
5,000
Institute of Physics
5,000
5,000
National Lottery
4,182
4,182
GovernorHub
i 0,000
10,000
6,683
20,000
33

GOVERNORS FOR SCHOOLS
NOTES TO THE ACCOUNTS (Continued)
Restriction
Allen & Overy Foundation
Restricted donation supportiiig a patliway to govemance coliort of Slltton Trust alumni.
Institute of Physics
Spoiisorship of tl)¢ Governors foi Schools conference held in September 2023.
GovernorHub
Restricted donation to support the delivery of tlie Govemors for Schools ' Inclusion, campaign launclied
in September 2023.
Allen & Overy
Sponsorship of the Governors for Scliools 'Counting the cost, campaign running during Spring 2023.
National Lottery Community Fund
Restricted doiiation to support tlie organisations governor recruitment and placement work specifically
in Wales.
14 Analysis of Net Assets Between Funds
Unrestricted
Funds
Restricted
Total
202312024
Tangible Fixed Assets
Current Assets
Liabilities
14.176
458,452
131,480
341,148
14,176
463.452
131,480
346 148
5,000
Unrestricted
Funds
Restricted
Total
202212023
Tangible Fixed Assets
Current Assets
Liabilities
15,064
421,296
102,721
333 639
15,064
427,979
102.721
340,322
6,683
6,683
34

GOVERNORS FOR SCHOOLS
IYOTES TO THE ACCOUNTS (Continued)
15 Related Party Transactions
During the year the charity received donations totalling £900,000 from the 80..20 Charitable Trust
which is exclusively funded by the Annitage family. Mr Ian Annitage is a Trustee of Governors for
Schools.
During the year, the charity received th¢ amount of £50,000 from Tenzing. This is for work undertaken
by lan Annitage but his fees donated to the charity.
During the year, the charity received donations totalling £ l 0,000 from GovernorHub. lan Annitage is
a director and shareholder of The Key Services Ltd, who own/control GovernorHub.
Governors for Schools Trustee Neil Collins was a director of Ortoo Technologies (GovernorHub) until
the company was dissolved in May 2023. Neil Collins is now an employee and shareholder of The Key
Services Ltd, who ownlcontrol GovernorHub.
During the year, the charity received donations totalling £5,000 during the year from the Allen & Overy
(Foundation), a company in which Trustee Jane Higgins is a Partner. Th¢ charity also received payment
of £3,465 for services.
During the year, th¢ charity received payment of £11,550 for services from Lloyds Banking Group, a
company in whicli Trustee David Rowsell is an employee.
During the year, the charity received payment of £3,564 for services from Weslcyan Assurance, a
company in which Trustee Adrian McLean is a member of the members advisory board.
No further transactions with related parties were undertaken such as arc required to be disclosed.
35

GOVERNORS
FO
.SCHOOLS
Visit our website:
www.governorsforschools.org.uk
Follow us on socials..
@SchoolGovNet
@governorsforschools
Governors for Schools is the legal entity for different recruitment services and is a
registered charity in England and woles No. 1078330