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2021-03-31-accounts

for the year ended 31st March 2021

© 2021. The School for Social Entrepreneurs is a company limited by guarantee number 3900741 and a registered charity number 1085465, registered in England and Wales. Registered address: 2nd Floor, The Fire Station, 139 Tooley Street, London, SE1 2HZ.

Year in numbers We supported 2/3 £2.8m students work In the UK'S 40°kn most depiived communities awarded In emergency Covid-19 grants 1,498 658 social entrepreneurs on programmes 840 short Courses attendees 237 220 social entrepreneurs supported to start upan Impact project social entrepreneurs supported to strengthen or scale their organisations Our social entrepreneurs in turn supported". 637,000_ 250,000+,,,,, ,, £8.7m 9.36/10 95,000 67,000 homeless & vulnerably housed people young people 155,000 57,000 people facing poverty & financial exclusion people experiencing mental health difficulties income received net promoter score of SSE*** 37,000 26,000 Black & racialised people people with disabilities 20,000 129,000 36% 2/3 average skills growth after an SSE programme of our students have firsl-hand "lived" experience of the issue they address refugees, migrants & asylum seekers men & boys 37,000 48,000 LGBTQ+ people families & parents 33,000 19,000 13,000 £4.6m views of our online Covid-19 resources total grants distributed older people prisoners & people with convictions 76,500 78,000 people with addictions women & girls 215,000 3,300 24 volunteers engaged by our students long programmes delivered people lo benefit a geographical community urpiogiammesauFpOltp&Jp￿fu6-l, m0nths.shoitc0J￿sare1vpiCa1lYIUStadaYOrtvKX 'Thatot31 DJmJEf 0-￿DefI￿are￿8Up￿l&d bySSEstudentsisIowerttr￿n &vtyeai c￿k￿jr￿le3rnl￿g￿I1on0npsge24tO1Ind0thWhV IIS5cGrerrE3n5 D￿l￿we￿Jp￿[lJrevEryII￿￿toleferDther5to

~~About SSE~~

We can’t fix issues like poverty, climate change and ill-health alone. That’s why the School for Social Entrepreneurs exists. We help thousands of people develop the skills, strengths and networks they need to tackle society’s biggest problems.

We run courses that equip people to start, scale and strengthen organisations that make a positive difference. But we’re not a traditional school. Learning with SSE is inspiring, action-based and accessible. We support people in other ways too, such as funding and mentoring.

Lord Michael Young founded SSE in 1997. Today we work internationally, with teams across the UK, Canada and India. Together, we’re changing lives and transforming communities.

Learn more at www.the-sse.org and discover our theory of change.

~~Our 2015-20 strategy focused on:~~

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Mobilising
Doing learning Building a
enterprising
differently vibrant network
p.9 - 12 people p.16 - 23
p.13 - 15
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How we support people:

~~Contents~~

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Chair of trustees’ statement 4
Chief executive’s statement 5
Our activities & impact 5
Snapshot: How SSE fellows and students helped their communities during
Covid-19 6
Supporting our community through Covid-19 9
• Social Enterprise Support Fund 10
• Supporting SSE fellows 11
Going further on inclusion 13
• Who we support 15
Becoming a national team with local roots 16
Growing the influence and 18
impact of social entrepreneurship
Planning our future 22
• Our values 22
• Our strategic direction 23
Challenges & key learning 24
Did we do what we said we’d do? 25
Finances & statutory information 27
• Employees, supporters & volunteers 28
• Fundraising practices 28
• Governance & management 29
• Financial review 30
• Statement of the responsibilities of the trustees 33
• Independent auditor’s report 34
• Consolidated statement of financial activities 37
• Balance sheets 38
• Consolidated statement of cash flows 39
• Notes to the financial statements 40
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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

“We have

strengthened SSE for our long-term future.”

Chair of trustees’ statement

~~Richard Collier-Keywood, chair~~

(learn more on p.16). In partnership with all SSE teams, we reviewed and refreshed our organisational values (p.22).

The year ended 31 March 2021 was – to put it mildly – incredibly challenging. Social entrepreneurs stepped up to the challenge. The 658 people we supported through our long programmes (of a total 1,498 on all courses) worked incredibly hard in very difficult conditions. They delivered benefits to 637,000 people in need in our society.

And we kicked off the development of our new threeyear strategy (p.23). By 2024, our ambitions are to:

Many social enterprises were forced to close their doors for part or all of the year. But entrepreneurship is inherently innovative. Our social entrepreneurs pivoted their models, rethought income streams and found new ways to support people in urgent need.

The pandemic and the Black Lives Matter movement both spotlighted deep inequalities in our society. We were wellpositioned to deliver support to those in most need. We have deep reach into communities up and down the UK, thanks to our regional and local teams. (Learn more on p.13 - 15.)

You can now discover our strategy (published after the year-end) on our website [LINK NOT YET LIVE].

Underpinning these developments, we are investing in technology that supports our new hybrid learning programmes and we are overhauling our IT infrastructure across all of our operations. We also led on creating an innovative funding platform as part of the Social Enterprise Support Fund (p.10).

Our reach into marginalised communities will only be effective if we commit to inclusion at all levels. This starts with our own governance. In 2020-21, we actively diversified our board. We increased representation of people with different lived experiences and backgrounds, and of SSE fellows.

We have also been intently focused on the wellbeing of our team, who have achieved a remarkable amount in extremely testing circumstances. On behalf of the trustees, I would like to thank them all.

The high attendance levels we’ve seen, and the ability of the board to navigate SSE through such a challenging year, are testament to the success of this approach.

We are now well-placed to embrace a bold new future: delivering impact to those hardest-to-reach communities, through the amazing social entrepreneurs that we support. We will work in partnership with those within and outside our sector. And we will create change at a local and systemic level, together.

Despite the overwhelming scale of challenges thrown up by the external environment, we succeeded in completing key strategic projects, planned long before anyone knew what an R-rate was. We have strengthened SSE for our long-term future. We merged with our three independent teams in England, and SSE Scotland became a wholly owned subsidiary of SSE

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Chief executive’s statement

~~Alastair Wilson, CEO~~

Covid-19 will be one of the defining events of our era. But we mustn’t let history forget the other landmark happening of 2020-21: the huge groundswell in the Black Lives Matter movement, sparked by unforgiveable tragedies.

Their innovations are often radically unlike anything that the private or public sectors could conjure – which is why social entrepreneurship is so essential to the wider ecosystem of change.

I don’t have lived experience* of racism. That made it important for me, as the leader of a charity committed to tackling inequities, to take action. I am proud that, despite all the challenges of the past year, we have become more focused on inclusion than ever before (learn more on p.13).

By understanding the inherent value in lived experience, we flip traditional notions of social merit on their head. The best leaders of social change are often those who have faced most adversity.

Our role at SSE is to equip them to thrive, so they can lead change across all parts of society. As this report shows, our approach has been transformative over the past year.

In partnership with our Global Majority Collective, who you can hear from on p.14, we scrutinised ourselves as an organisation. We made long-term commitments to becoming a truly anti-racist organisation. This work necessitated self-reflection, listening, and acknowledging where we may have got things wrong. We believe these approaches are essential to learning and development - as our students and SSE fellows reading this will recognise.

None of our work and impact would be possible without the support of the SSE board, our partners and funders, and the very many individuals who support our students. Thank you all.

We also believe that people with lived experience of a social issue can bring a perspective unlike any other. We have banged the drum on this since we were first founded by Michael Young in 1997. It’s welcome that the benefits of this approach are now being recognised across the sector and beyond.

At SSE, two-thirds of the people we support on long programmes have lived experience of the issue their project tackles. This gives them unparalleled resilience and commitment to change. Leaders with lived experience transform injustice into action, distilling their energy into vision and action. They have the authenticity and authority to work in partnership with their communities.

“We have become more focused on inclusion than ever before.”

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Snapshot:

~~How SSE fellows and students helped their communities during Covid-19~~

~~Providing food & vital services~~

Farm Urban teamed up with Agile Liverpool to deliver nutritious, locally grown vegetables to vulnerable and isolated people across Liverpool.

One million

social media impressions of #SocEntSolidarity, our campaign to unite our sector through the crisis

Caring Cooks of Jersey quickly changed how they worked at the start of the pandemic, creating safe working protocols in the kitchen, new shift patterns and PPE, despite having to furlough eight staff. Over the course of a 15week lockdown, the team cooked and delivered 10,000 meals to 293 households in Jersey.

When it had to close the doors of its community café, Teesdale Community Resources reimagined itself as a food bank, distributing care packages across the community.

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Prioritising mental & physical health~~

Beyond Recovery supported the mental health of prison inmates – spending up to 23 hours a day in their cells during lockdown – with online meet-ups, activity packs and writing letters to maintain contact.

Our Place Support supported children’s mental health in schools, moving their mentoring scheme online and creating resource packs to help children manage emotions during the pandemic.

Shared Harmonies CIC improves connection and wellbeing in companies and communities through its singing and development services. Founder Emma and her team kept people uplifted during the pandemic with singalong and co-created music projects - one was featured by the BBC. Sing along to this video .

2,900 views of our Covid-19 webinar series

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Supporting the NHS & public sector~~

Rising Stars stepped up capacity to clean public spaces in the Midlands – such as hospitals, transport and schools.

72% of emergency grants we awarded went to social enterprises in the 40% most deprived communities

Upon learning that PPE only covers to the ankles, Stand4Socks launched a new line of socks. For every pair bought, another antibacterial pair were donated to NHS workers, as well as donating a pair to people experiencing homelessness.

Breathe Arts Health Research , which runs the Breathe Harmony NHS community choir, created a beautiful collaborative version of ‘Anytime You Need A Friend’ to show support for NHS workers. Mariah Carey herself retweeted the video and it’s been viewed 76,000 times.

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Supporting our community through Covid-19~~

recovery plan for their organisation to respond to the challenges emerging from Covid-19.

Adapting & always learning

Prioritising wellbeing

Learn more: How we supported social enterprises and small charities through the pandemic

How we make social entrepreneurs better leaders

We ask our students to self-assess their skills before and after learning with SSE. As the result of an SSE programme, our students realise on average:

36% overall skills growth

39% growth in business skills & entrepreneurialism

23% growth in leadership & emotional resourcefulness

31% improvements in social impact measurement

44% better networks & networking

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~~Spotlight on:~~

Social Enterprise Support Fund

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£2.8m
emergency grants distributed by SSE
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We were proud to join forces with other leading support agencies to deliver the Social Enterprise Support Fund (SESF), providing essential financial support to help social enterprises survive the immediate funding crisis, become financially resilient and have the opportunity to thrive.

The Social Enterprise Support Fund was established in partnership by The National Lottery Community Fund and five social enterprise support agencies: Big Issue Invest, The Key Fund, Community Land & Finance CIC (also known as Resonance), the School for Social Entrepreneurs (SSE) and UnLtd.

Together we distributed £18.7m, with £2.8m distributed by SSE in a period of 14 weeks.

We wanted to distribute this money in ways that redress systemic inequities, while ensuring it reached the hardest-hit communities. We’re really proud that 83% of grants awarded by SSE reached social enterprises led by and/or supporting:

~~A collaborative funder portal to gain insights into reach and inclusion:~~

We built and managed a collaborative funding and data portal for the Social Enterprise Support Fund, which served as a tool for the whole partnership. This was critical to the success of meeting our inclusion targets. The portal provided real-time insights into application and award data for the whole partnership, ensuring the fund was reaching local communities and inclusion groups.

The portal’s analytics platform included a dashboard of application and award data, showing: region; IMD deciles; diversity of leadership; social issues; award size; and much more. This live data meant the partnership could identify trends and gaps in who we were reaching, then adapt our approach accordingly.

The system also allowed SSE to distribute applications between the partners based on: pre-existing relationships with applicants; geographical area; proportion of funding each partner had to distribute.

Learn more about the fund

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Spotlight on:~~ Trade Back

Supporting SSE fellows

** the Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme, in partnership with The National Lottery Community Fund

“To be around other SSE fellows creates such a great atmosphere that is really profound and powerful.” – attendee of SSE fellows event

We Rise, a grantee of our Fellows Future Fund, equips young people from racialised and low-income backgrounds with the skills and confidence they need to thrive

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Case study: Gaydio

Manchester-based Gaydio is the UK’s only national LGBTQ+ community radio station. We supported Gaydio with a £30,000 grant through the Social Enterprise Support Fund. This enabled them to continue giving a platform to those who might struggle to access mainstream media, while producing informative programmes from an LGBTQ+ viewpoint throughout the pandemic.

~~Going further on inclusion~~

This year marked a turning point in our Diversity, Equity and Inclusion (DEI) journey. We scrutinised ourselves in the light of Black Lives Matter, the #CharitySoWhite campaign and the stark inequalities exacerbated and spotlighted by Covid-19. We realised we have a lot more work to do.

Success: We have a more ethnically diverse student body this year than last.

Facing facts

What we’re doing about it

We challenged ourselves by reviewing our data. It revealed we were falling short of our own expectations: we were not tackling racism and other forms of systemic injustice in the ways we assumed and intended.

~~Learn more:~~

*We know that language about identity is personal and these terms won’t feel right to everyone. We mean people who may identify as Black, Brown, bi- or multi-racial, being from a diaspora, having Asian/African/ Caribbean/Latinx/Middle Eastern/Indigenous heritage, as a “person of colour”, Jewish, and/or from a white ethnic minority such as Gypsy, Roma, Traveller. We have consulted our community to shape this language.

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

16%

of our students are disabled, which is the same as last year and slightly under-representative of the UK population. We are increasingly working with disability expert partners to improve this.

2/3

of our students have firsthand “lived” experience of of the issue they address.

88%

of students have experience of the issue they seek to address from first-hand, family, friend or other experiences.

Reflections from our Global Majority Collective (GMC):

The GMC is an internal staff group. While minoritised in the UK, our members make up some of the largest demographics globally. ‘Global Majority Collective’ is an empowering subversion of language commonly used to describe us in the media.

It’s a painful reminder of where we are in the world that it took the murder of George Floyd to give our sector – including SSE – a wake-up call. There had been a complacency about anti-racism work.

Our members have had a lot to deal with: Black Lives Matter, the #CharitySoWhite campaign, and Covid-19 disproportionately impacting racialised people. We created the GMC as a safe space to reflect and vent in solidarity, free of judgement and repercussions.

We have acted as the bridge between racialised people at SSE and the senior management team. We’ve advised our MD and CEO around

“SSE gave me a community of like-minded people, and a set of resources that were never available to me before.”

Adenike Adekunle, Banicorp Foods

anti-racism work and supported the creation of SSE’s anti-racist commitments.

We value that these commitments were authentic in purpose, and not rushed. SSE took the time and space to reflect, listen and learn where failure has taken place. That’s where real change can happen.

We’re proud of the two programmes SSE created specifically for, and shaped by, Black changemakers. They’ve been able to learn and thrive in a setting free of the microaggressions and forced assimilation so commonly experienced in majority-white spaces.

As people with first-hand experience of racial injustice, we will keep working with our Diversity, Equity & Inclusion group. Together, we’ll feed into the work that affects SSE, and in turn the wider sector.

We value the opportunity to help develop SSE’s anti-racism response. But we don’t exist to provide solutions. That is the responsibility of all SSE staff and trustees. We must all continue to hold brave conversations about anti-racism, and keep it at the forefront of our work.

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Who we support

By striving for a diverse student population, we aim to equip people with experience of inequity and injustice to become better leaders of change.

----- Start of picture text -----
Impact themes of student projects Gender Disability
Women
Health & wellbeing - 43%
Community cohesion - 15% 64%
16%
Education & learning - 12%
have a disability
Employment & other training - 9%
Other - 8%
Environment - 6%
Housing & homelessness - 2% Men Caring responsibilities
Poverty & low incomes - 2% 31%
Tackling inequalities - 2%
44%
Debt & financial inclusion; tackling crime;
infrastructure support - all <1% are carers
Ethnicity
White British - 59%
White other - 13% Non-binary 1%
Lived experience
Others & prefer not to say - 10%
Black - 9% 65%
Mixed/multiple ethnic background
- 5% have personal
Prefer not to say lived experience
South Asian - 2%
of the issue they
East & other Asian - 2% 3% seek to address
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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Becoming a national team with local roots~~

We moved to a more collaborative structure during the last year. We proudly merged SSE with our three previously independent teams in England (SSE Midlands, SSE Yorkshire & North East and SSE Cornwall). SSE Scotland has become a wholly owned subsidiary of SSE.

~~Building on our strengths, this is enabling us to become more:~~

Rooted Robust Responsive deepening our local a stronger, more agile and ready to seize and regional presence resilient organisation new opportunities

Spotlight on: Collaborative programmes

Our Environmental Entrepreneurs

Programme was co-delivered by our teams in the North West, Yorkshire & North East, and the Midlands, in partnership with the Co-Op Foundation.

It supported leaders of environmentallyfocused community organisations to build robust organisations.

Accelerating Women’s Enterprise is a collaborative project, run by our teams in Dartington and Cornwall. It helps women increase their personal skills and develop their business ideas and knowledge.

9.1/10

feedback score on our Environmental Entrepreneurs Programme

Learn more: How we’re developing SSE for our long-term future

“The programme took place in the first few months of the pandemic... [Our group] was an island of support and positivity away from the challenges we were facing at work.”

Environmental Entrepreneurs Programme student

Spotlight on: Regional expertise

We believe in community-led change . Our regional teams have deep local expertise. They understand the challenges and strengths of their communities. They know who to partner with, to make change happen.

For example, our team in Yorkshire & North East knew South Yorkshire charities and social enterprises were facing sharp increases in demand for

services as a result of Covid-19.

Our team recognised local leaders didn’t only want funding. They also needed support to develop resilience and steer through the crisis, so they could help their communities.

Our Yorkshire & North East team partnered with the South Yorkshire Community Foundation to launch the Resilience and Recovery Programme in direct response to these issues.

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Case study: Esther Smith, St Nicks Centre for Nature and Green Living

St Nicks Centre for Nature and Green Living has an ambitious vision: for people to value wildlife, the environment and each other equally. It conserves York’s green spaces and provides environmental education for local communities. St Nicks also runs recycling schemes and sustainable living workshops. Its local nature reserve recorded some 1,041 different species of flora and fauna in 2020. The recycling team diverted 379 tonnes of recycling from landfill. The centre generates income through contracts (e.g. for recycling), as well as grants and donations.

We supported Esther and St Nicks through our Environmental Entrepreneurs Programme, funded by the Co-Op Foundation. “It really was one of the best courses I’ve done in the last 20 years,” she says. “With the programme’s support, I trialled different activities during lockdown, and got to grips with measuring impact and outcomes. This led to gaining major project funds and bringing in a part-time employee.” stnicks.org.uk

Image: ecotherapy manager Kathy Sturgess, a colleague of Esther’s

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Growing the infuence and impact of social entrepreneurship~~

government funding released in response to #SaveOurSocEnts campaign

£85m

Influencing government to better support social entrepreneurs

•

1,000+

signatures on action plan for government support

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

“I’m interested in the idea of helping community businesses to grow with greater traded income that’s appropriate to help them grow in a more sustainable way. Match Trading grants would certainly encourage this.”

Abena Oppong-Asare MP, Shadow Exchequer Secretary

National & devolved governments and policy influencers embrace Match Trading

• The Match Trading Task Force of 20+ well-respected funders, sector organisations and government bodies met quarterly to discuss collective strategies to develop and implement Match Trading. These include creating a collaborative Match Trading data portal and leveraging opportunities for Match Trading within the government’s “levelling up” agenda, and associated funds such as UK Community Renewal Fund and UK Shared Prosperity Fund.

• We had ongoing engagement with ministers and officials at the Department for Culture, Media & Sport, Civil Society and Youth Directorate, and Number 10. Together, we explored possibilities for the material expansion of Match Trading across the UK.

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Case study: Nureen Glaves, Feed Me Good

Feed Me Good has supported the health and wellbeing of 2,500 people from marginalised and minoritised communities and those on low incomes. It delivers educational programmes in and around London - about health, nutrition, wellbeing and sustainability. Nureen partners with IKEA, housing associations, schools and universities.

Nureen came to SSE feeling “lost”: “I had fallen out of love with my business. I started having anxiety for the first time in my life.” Our Health and Wellbeing Trade Up, in partnership with with Guy’s and St Thomas’ Charity, came at the right time. “This programme has been lifechanging for me,” she says. “I’ve become the leader I wanted to be.”

Nureen learnt to step back, take breaks and trust her team. She’s now innovating more, with new products and an artificial intelligence bot called “Chef Nunu”, which advises on nutrition. Supported by learning and a Match Trading grant, she grew her income significantly: from £13,500 in the year before the programme, to £73,000 in just 10 months.

Nureen’s vision is to develop Feed Me Good into a globally recognised social enterprise. She plans to influence the socio-economic status of low-income individuals and people from racialised and minoritised communities across the world. www.feedmegood.co.uk

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Working with regional governments and local institutions to build the social economy and tackle deprivation

• SSE in the Midlands was

commissioned, as part of a consortium of local service providers, to create a strategy to double the size of the social economy in the West Midlands over the next 10 years. This included establishing a regional social enterprise support programme.

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41%
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of our students work in the UK’s 20% most deprived communities

Encouraging social entrepreneurship in other sectors

Postcode Innovation Trust (with thanks to funding from players of the People’s Postcode Lottery).

• We recognise the urgent demands of climate change and its intersection with social issues . We launched two environmentally focused programmes: one with the Co-op Foundation, and another within a three-cohort programme with

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Planning our future~~

This year we have advanced two important strands of work to guide our future:

Our values

We are always learning

We listen to understand. We are passionate about learning and seek to constantly improve. We celebrate failure as well as success.

We are collaborative

We are entrepreneurial

We achieve more We innovate with when we work as purpose to create a supportive team value and deliver and partner with results. We are bold others. We have fun and ambitious in our together. We ask thinking, creative others for help so we and resourceful in can find solutions. our action. We are committed to impact.

We are inclusive

We want people to feel safe in being themselves, to maintain wellbeing and to bring their unique strengths and voices to the table. We over-represent the under-represented. We honour lived experience.

We are trusting

We believe in each other. We rely on open, authentic relationships. We do what we say we’re going to do. We take ownership and responsibility for our actions.

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Where we’ve come from~~

1997: Our founder ~~Our strategic direction~~ Michael Young launches SSE in 1998: We run our first cohort, East London and among the students is Alastair 2002: We expand Our new strategy 2022-25: Wilson, now CEO beyond London for the first time, running our first Scotland 2008: We run three programme – the programmes in the beginning of the SSE network UK, supporting more than 50 students 2009 : We start in one year supporting social entrepreneurs in 2011: The SSE Australia, continuing network supports for eight years more than 250 1 2 3 social entrepreneurs 2012: SSE Ontario in a single year Ignite Accelerate Harness for the first time opens and runs its first programme entrepreneurship in communities social innovation our network and insights in Canada. In the to achieve social and to tackle systemic to influence policy and practice. UK, we launch the Lloyds Bank & Bank economic renewal. challenges in society. of Scotland Social Entrepreneurs Programme, jointly funded by The National Lottery Community Fund 2016: SSE India – a landmark launches. We launch 10-year partnership the Community supporting 2,600 Business Trade social entrepreneurs Our future plans will be detailed in full through our organisational strategy, Up Programme, in partnership with published in the second half of 2021. This will be available on our website. Power to Change. 2017: We launch Match 2021: We support Trading grants 1,000+ leaders of social change a year

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Challenges & key learning~~

When there is a setback or disappointment, we try to identify key learnings and share them. We recognise failure is an essential part of entrepreneurship. The many challenges of 2020-21 have given us plenty to reflect and learn from:

“I underappreciated the skillset of my colleagues, who supported me in pushing forward online delivery for SSE Scotland. Everything has been virtual recently but we still managed to capture the essence of why we do what we do!” Tracey M, SSE Scotland

~~Being honest about our shortcomings when it comes to anti-racism and inclusion:~~

Many of us experienced deep learning and self-reflection in relation to anti-racism and inclusion, including witnessed the inequities exacerbated by the pandemic. We realised we needed to take bolder action. See p.13 - 14 for more.

~~our Acknowledging students supported fewer people than last year:~~

Our students supported 637,000 people in the year. This is still an impressive number - the equivalent of about one in every 100 people in the UK! - but it’s lower than last year. (Also, the data is only based on 287 of a total 658 students – so in reality, the number is probably much higher.)

~~Refecting on how Covid-19 has impacted workload and wellbeing:~~

We all understand the importance of wellbeing and encourage our students to prioritise it. But in this very demanding year, wellbeing took a hit for many of us and at times our capacity was limited. Our Wellbeing Committee developed ways for us to connect, socialise and give ourselves space.

~~Our mergers brought highs and lows:~~

Overall, our mergers have felt really positive but change always brings its challenges.

Merging teams presented some IT teething problems. It took patience from all, but now things are working much better.

Many of the projects we support had to close their doors for parts or all of the year, or were not able to support people as usual. Others had to make difficult decisions about helping fewer people, prioritising those in most urgent need.

“Our programmes have created a space that has been a source of inspiration and learning and connectivity to people, during a time of great uncertainty in their lives.”

Cornwall team

~~Even in crisis, there is opportunity:~~

Moving online made our programmes and courses more accessible to people with certain disabilities, and others who can’t travel to our venues. We want to keep this improved inclusion going. We’re now planning a longterm shift to blended learning!

~~The power of partnerships:~~

All of our funding partners have been amazing, offering flexibility and support so we could continue to equip our social entrepreneurs with what they needed.The social-economy sector rallied together like never before: campaigning and lobbying government for support (p.18 - 21).

~~Our team is amazing:~~

We are a resilient, capable, dynamic and adaptable team. Despite all the year’s challenges, we have maintained our high-quality standards and delivered critical projects. We’ve really supported each other throughout it all – having some fun along the way too!

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Did we do what we said we’d do?~~

~~Click here to fnd out~~

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Learn more about our long programmes* in 2020-21 by exploring:

~~Start Up & Pre-Start level~~

~~Bespoke and sector programmes~~

Fellowship Programme Future Communities Haringey Lloyds Bank & Bank of Scotland Social Entrepreneurs Start Up Programme SEIDs Pre Start Up Programme Start Up Plus

Childhood Trust: Transition to Trading Community Business Online Boost Enterprise Learning - Homelessness Enterprise Learning - Mental Health Online Community Business Support Programme (please contact us for info)

Thurrock Social Entrepreneurship Programme Black Social Entrepreneurs Futures

Paul Hamlyn Foundation Bespoke Support (please contact us for info)

SBES Strong Foundations Programme - Creative Leadership Early Career Creative Leadership - Established Lloyds Bank Foundation: Resilience and Recover Graduate Programme (please contact us for info)

~~Trade Up level~~

Community Business Trade Up Programme

Health and Wellbeing Trade Up

Lloyds Bank Foundation: Trading & Sustainability (please contact us for info)

Lloyds Bank & Bank of Scotland Social Entrepreneurs Trade Up Programme

~~Scale Up level~~

Lloyds Bank & Bank of Scotland Social Entrepreneurs Scale Up Programme

Scale+Innovate 2021: Employability & Training

Scale+Innovate 2021: Environment & Conservation

With thanks to…

None of our programmes and the impact we have had this past year would have been possible without the generous support of our funders and partners:

Access – the Foundation for Social Investment ARM Foundation Arts Council England Association of Mental Health Providers Borough Market Traders Brent Council Brewin Dolphin Bristol City Council Capita Caritas of Westminster (trading as SEIDS) Childhood Trust CHK Charities Co-op Foundation Cornwall Development Company, CLLD team Cornwall Council Dartington Hall Trust Esmée Fairbairn Foundation European Regional Development Fund (ERDF) Garfield Weston Foundation Gowling WLG Homeless Link Impact on Urban Health, part of Guy’s and St Thomas’ Foundation

Linklaters LLP

Lloyds Bank Foundation Lloyds Bank Plc Mercers’ Charitable Foundation Nama Women Advancement Establishment National Lottery Community Fund National Lottery Heritage Fund Paul Hamlyn Foundation Postcode Innovation Trust Power to Change PwC

Riverside Community Big Local Royal London Mutual Insurance Society Limited

RS Macdonald RSA

Scottish Government Scottish Government: ASK project SHINE Trust

Silicon Valley Community Foundation Sir George Martin Trust

South Yorkshire Community Foundation The Rank Foundation Thurrock Council University of Exeter West Midlands Combined Authority

Interreg Letchworth Garden City Heritage Fund

In addition, we would like to thank our Social Partners for their time and commitment to the ongoing development of our SSE fellows’ community. We would also like to thank our partners, students, SSE fellows, mentors, facilitators, experts, witnesses, volunteers and all who gave their time and resource to supporting the SSE community through an unprecedented year.

*Impact data in this report is drawn from these programmes. This list – and impact data in this report - does not include short courses. We have also not included programmes delivered by regional teams before they merged with SSE (1 October 2020). The Environmental Entrepreneurs Programme is referenced in the narrative of this reportas it was coordinated by SSE, but it is not included here because it was delivered by SSE partner teams and before the mergers.

26

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Finances & statutory information ',Ir4.lJ

~~Employees, supporters & volunteers~~

~~Employees~~

~~Volunteers~~

~~Supporters~~

SSE benefits from the support and dedication of an extensive network of volunteers. During the year they have supported us by mentoring students, speaking on our programmes and hosting site visits for our students. Our volunteers have supported us to deliver pro bono witness sessions and pro-bono expert sessions during the year. We are hugely grateful for the time and expertise that they have dedicated to SSE.

The average number of employees during the year was 46.2 (head count based on number of staff employed). Full-time equivalent (FTE) staff amounted to 40.6.*

To all our funders and partners, thank you. We could not do it without you - new partners, long-standing partners, government, corporates, trusts and foundations, and of course individual donors and volunteers. Without your support, we would not be able to develop programmes, award grants or back social entrepreneurs to develop their organisations.

Our remuneration policy is based on an open and transparent scale where pay is determined by job grade and a fivepoint system. Cost of living pay reviews take place annually and are agreed by the trustees as part of the budgeting process. In 2021 we will be reviewing our remuneration policy and conducting a benchmarking exercise to ensure we are reflecting the market across the organisation. We anticipate that this work will be completed Q4 2021/22.

~~Fundraising practices~~

SSE does not engage in public fundraising and does not use professional fundraisers or commercial participators. SSE nevertheless observes and complies with the relevant fundraising regulations and codes. During the year there was no noncompliance of these regulations and codes and SSE received no complaints relating to its fundraising practice.

We’re proud to have increased the ethnic and racial diversity of our staff team over the year.

28

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Governance & management~~

~~Governance~~

This year we recruited new trustees to our board. We used the results of the board’s audit to look for trustees with particular skills and experience, and in light of the mergers, based outside of London. Out of 15 interviewed candidates we were delighted to appoint four; Will Churchill, Sharon McPherson, Sophie Unwin and Thom Kendrick. The new trustees were provided with a comprehensive induction including safeguarding training and code of conduct. All trustees are offered training to support their role as a trustee at SSE on an annual basis.

We also reviewed the updated principles from the Charity Governance Code in particular the diversity, equality and inclusion principle. We have appointed a board DEI Champion to work with the DEI working group to ensure that there is space on the board agenda for DEI reports, and to help trustees to understand and challenge.

View our board attendance and board sub-committee attendance records.

~~Trustees~~

Our board of trustees are:

Charlotte Young*

joined 06/03/2000

Jill Halford*

joined 14/06/2019, re-elected 08/06/2021

Joel Davis

joined 03/05/2017, re-elected 09/06/2020

John Brown joined 08/01/2009

Mike Phillips* , chair of Finance Audit and Risk Committee joined 16/09/2016

Richard Collier-Keywood , chair of trustees

joined 21/02/2011

Steve Johnson joined 07/09/2007

The following new trustees were elected this year:

Sharon McPherso n joined 10/12/2020

Sophie Unwin joined 10/12/2020

Thom Kenrick joined 10/12/2020 Will Churchill* joined 10/12/2020

Two trustees resigned this year:

Gurnek Bains

joined 14/09/2011, resigned 24/09/2020

Naomi Mwasambili joined 15/12/2015, resigned 24/09/2020

For more information on our trustees, please visit our website.

* indicates member of the Finance Audit and Risk Committee

~~Management~~

The board delegates day-to-day management of the organisation to the Senior Management Team (SMT), led by the chief executive. The SMT all attend board meetings. During the year the Senior Management Team comprised of:

Alastair Wilson

chief executive officer

Nicola Steuer

managing director until October 2021

Sacha Rose-Smith director of programmes & learning

Tom Barratt

director of development & external affairs until March 2021

Janice Leeming

director of finance & resources until August 2021

Bhavesh Kotecha

director of finance & resources, joined November 2020 until May 2021

Sally Heard

director of development & external affairs from June 2021

Sue McCready

interim director of operations, joined June 2021

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Financial review~~

The year to 31 March 2021 was one of considerable change for SSE as we transition to our new three-year strategy.

Covid-19 impacted the way we deliver our programmes but also sparked creative and effective responses to the situation. This, with the goodwill of our funders and students, enabled us to continue to deliver our learning programmes and grant-making activities without the loss of funding or the need to furlough any staff.

On 1 October 2020, SSE merged with SSE Cornwall, SSE Yorkshire & North East and SSE Midlands. SSE Scotland also joined as a wholly owned subsidiary. In the process, SSE welcomed 10 transferring staff to the new national team. Over the year, including other growth particularly in the programmes and learning team, full time-equivalent (FTE) staff increased by 10.3 to 40.6 FTE. Staff costs have increased by £429,383, to £1,906,474. The mergers are also the primary reason why grants to schools and partners have decreased in 2021 to £519,417 (2020: £788,344).

Total income increased by just under £3.5m between 2020 and 2021 and

expenditure similarly increased by £3.3m. The biggest single factor driving these increases was SSE’s participation, in a consortium of likeminded organisations, in the Social Enterprise Support Fund (p.10). This project aimed to mitigate the impact of Covid-19 on social enterprises and led to SSE awarding and distributing £2.8m to 108 organisations in the summer of 2020.

SSE continues to receive funding from a wide range of foundations and trusts, corporate supporters and some individual donors. In the course of the year, we added projects by the European Regional Development Fund (ERDF) in Bristol and Cornwall. These joined our roster of programmes focused on supporting the social enterprise sector in the respective geographical areas. The total income from these projects in 2021 amounted to £128,507.

Our net funds have increased by £226,204. Unrestricted funds decreased by £83,891 , whilst restricted funds increased by £310,095.

SSE Social Enterprise, our trading company, remained dormant at the end of March 2021 and there was no trading activity in the company during 2020-21.

----- Start of picture text -----
Income analysis £
Grants for students 4,802,800
Other funds for SSE
3,013,085
programmes
Grants for SSE schools
595,473
and partners
Pro-bono services 120,066
Other income 113,824
Total 8,645,248
Expenditure analysis £
Grants awarded
4,629,824
to students
Staff costs 1,906,474
Direct project costs 940,511
Grants made to SSE
519,417
schools and partners
Support costs
518,936
(non-staff)
Total 8,515,162
----- End of picture text -----

30

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Reserves policy

The trustees have reviewed the reserves policy and extended it to take in a wider range of factors than the previous focus on budgeted operational cost commitments. SSE’s revised policy is to maintain sufficient free reserves to allow for:

The considerations when drawing up the required level of reserves are as follows:

The board reviews the adequacy of reserves on an annual basis as part of the budgeting cycle. As part of this review, the amounts assigned for each layer are considered and approved. At the end of the financial year, SSE’s free reserves should be in line with the policy. If not, the rationale and plans for filling the gap should be provided.

On this basis, target reserves at the end of 2021 were £900,000. Actual free reserves were £1,215,051 and the target is therefore currently met.

Working capital continues to be monitored on an ongoing basis.

Investment policy

SSE trustees have adopted a threetier investment policy, dividing our assets into short, medium and longterm deposits and investments. In 2017 it was decided to invest longterm in the COIF Charities Investment Fund. At the end of the year, the value of funds invested in the COIF Fund was £498,670 (2020: £402,552).

Investment performance and new proposals are reviewed at quarterly Finance Audit and Risk Committee meetings and investment recommendations are made to the full board as required.

Public benefit

We run learning programmes to mobilise the experience of enterprising people, people that we call social entrepreneurs. We believe that diverse leadership can create a more equitable society. We strengthen existing organisations and establish news ones by providing education focused on developing skills, identifying gaps and taking action, and building support networks. Our social entrepreneurs create jobs and opportunities within their communities, ultimately creating lasting social, economic and environmental change within our society.

Learn more from our theory of change.

The trustees have referred to the public benefit requirement and sought to outline throughout the sections of the annual report:

•details of the charity’s purposes and objectives

•the significant activities undertaken by the charity to carry out its charitable purposes for the public benefit, and who has benefited

•details of the achievements of the charity in relation to the purposes and objectives set

•plans for how our future activities will achieve public benefit

The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit and that they have had due regard to the commission’s guidance when exercising any powers or duties to which the guidance is relevant.

Going concern

Covid-19 caused some disruption to programme delivery in early 2020. However, the mitigating steps taken and a successful move to online delivery of courses has limited the immediate impact of the pandemic on SSE. In the organisational budget agreed in March 2021, the trustees set ambitious targets for the reduction of both operational costs and the costs of programme delivery. Subsequently, and in light of progress against these targets, the trustees have considered income and expenditure forecasts, cash flow projections and fundraising forecasts for the 12 months from the date of signing these accounts and believe the charity has sufficient resources to continue operations for the foreseeable future. Taking these factors and the level of general reserves into account, the trustees are confident the charity can meet its liabilities as they fall due. While there are continued uncertainties about the impact of Covid-19 on SSE, and those we work with on our programmes, the trustees consider there are no material uncertainties to SSE continuing as a going concern and these accounts have been prepared on that basis.

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Risk management

The trustees are responsible for ensuring effective risk management. While no system of internal control can provide absolute assurance against material misstatement or loss, SSE believes that it has appropriate controls in place to manage the risks to which it is exposed. These include operational systems and procedures, long range plans for the development and stewardship of sources of finance, appropriate staff training, insurance, targeted support for students and investment in new products and services. SSE maintains a risk register that is reviewed annually by the trustees, and on a more regular basis by the Senior Management Team and Finance Audit and Risk Committee. Risks are considered individually and collectively, and the risks are assigned to a member of the Senior Management Team.

due to the impact of Covid-19. Over the course of 2020/21 SSE saw new challenges emerging as a consequence of COVID-19, initially emergency response plan, identifying fundraising and financial support and latterly ensuring a safe and secure environment on return to the office. Unsurprisingly this has remained a high risk across the year as we have moved through different phases of the pandemic, and as the needs of our staff across the UK and students have changed.

• Failure to comply with SSE’s

operational policies and procedures that may lead to reputational damage, cyber security attacks, disruption and financial damage to SSE. SSE has a programme of mandatory training for all staff, including those who joined as part of the mergers, which includes sessions on cyber security, safeguarding, mental health duty of care, and data protection, as well as regular updates on phishing attempts. SSE promotes responsible and ethical business practices amongst all its staff and has procedures and processes in place to manage and mitigate risks. SSE also has a dedicated communications team with procedures in place to manage reputational risk.

The key risks are set out here, alongside the key controls to manage them.

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Statement of the responsibilities of the trustees~~

The trustees (who are also directors of the School for Social Entrepreneurs for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which 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 charitable company for that period.

•

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements 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.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2021 was 11. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

The directors’ annual report has been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime.

Auditor

Sayer Vincent LLP was re-appointed as the charitable company’s auditor during the year and has expressed its willingness to continue in that capacity.

The trustees’ annual report has been approved by the trustees on 9 December 2021 and signed on their behalf by Richard Collier-Keywood, chair

33

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Independent auditor’s report to the members of the School for Social Entrepreneurs~~

Opinion

We have audited the financial statements of School for Social Entrepreneurs (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 March 2021 which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheets, the consolidated statement of cash flows and the notes to the financial statements, 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:

Basis for opinion

We conducted 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 group financial statements section of our report. We are independent of the group and parent charitable company 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 we have fulfilled our other ethical responsibilities 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 statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on School for Social Entrepreneurs’ 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.

Other Information

The other information comprises the information included in the trustees’ annual report, other than the group financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the group financial statements does not cover the other

information, and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is

materially inconsistent with the group financial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the group financial statements themselves. 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

34

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

are prepared is consistent with the financial statements

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Act 2011 requires us to report to you if, in our opinion:

• The directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ annual report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that 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 group’s and the parent charitable company’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 group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and section 151 of the Charites Act 2011 and report in accordance with those Acts.

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 detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material 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 misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-

compliance with laws and regulations, our procedures included the following:

35

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

compliance throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or noncompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than

error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/ auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and 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 charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Joanna Pittman (Senior statutory auditor)

15 December 2021

Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

for and on behalf of Sayer Vincent LLP, Statutory Auditor

36

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Consolidated statement of fnancial activities of the School for Social Entrepreneurs~~

Consolidated statement of financial activities (incorporating an income and expenditure account) | For the year ended 31st March 2021

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Commercial trading operations
Investments
Other income - transfer of funds from mergers with schools
21
Total income
Expenditure on:
Raising funds
5
Fundraising
Charitable activities
Doing Learning Differently
5
Building a Vibrant Schools Network
5
Mobilising Enterprising People
5
Total expenditure
Net income / (expenditure) before net gains on investments
Net gains on investments
Net income/(expenditure) for the year
7
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 2021
2020
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
£
£
£
£
£
£
121,066
62,500
183,566
162,270
91,000
253,270
726,535
7,621,323
8,347,858
883,727
3,950,320
4,834,047
49,573
-
49,573
47,789
-
47,789
5,149
-
5,149
21,335
-
21,335
34,818
24,284
59,102
-
-
-
937,141
7,708,107
8,645,248
1,115,121
4,041,320
5,156,441
36,471
-
36,471
45,528
-
45,528
338,341
1,661,492
1,999,833
771,829
876,729
1,648,558
209,013
775,127
984,140
354,637
1,027,423
1,382,060
544,128
4,950,590
5,494,718
226,323
1,957,616
2,183,939
1,127,953
7,387,209
8,515,162
1,398,317
3,861,768
5,260,085
(190,812)
320,898
130,086
(283,196)
179,552
(103,644)
96,118
-
96,118
903
-
903
(94,694)
320,898
226,204
(282,293)
179,552
(102,741)
10,803
(10,803)
-
500
(500)
-
(83,891)
310,095
226,204
(281,793)
179,052
(102,741)
1,298,942
646,409
1,945,351
1,580,735
467,357
2,048,092
1,215,051
956,504
2,171,555
1,298,942
646,409
1,945,351

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 18 to the financial statements.

37

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Balance sheets~~

As at 31st March 2021 | Company no. 3900741

Note
Fixed assets:
Tangible assets
12
Investments
13
Current assets:
Debtors
14
Cash at bank and in hand
15
Liabilities:
Creditors: amounts falling due within one year
16
Net current assets / (liabilities)
Total net assets
The funds of the charity:
18
Restricted income funds
General funds
Total funds		 The group
2021
2020
£
£
25,206
33,048
890,550
792,907		 The charity
2021
2020
£
£
25,206
33,048
890,550
792,907
915,756
825,955
579,645
739,815
2,373,330
2,166,231
2,952,975
2,906,046
1,734,898
1,786,650
1,218,077
1,119,396
2,133,833
1,945,351
910,039
646,409
1,223,794
1,298,942
2,133,833
1,945,351
915,756
825,955
559,589
739,815
2,433,336
2,166,231
2,992,925
2,906,046
1,737,126
1,786,650
1,255,799
1,119,396
2,171,555
1,945,351
956,504
646,409
1,215,051
1,298,942
2,171,555
1,945,351

Approved by the trustees on 9 December 2021 and signed on their behalf by Richard Collier-Keywood, chair of trustees

38

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Consolidated statement of cash fows~~

For the year ended 31st March 2021

Cash flows from operating activities
Net income / (expenditure) for the reporting period
(as per the statement of fnancial activities)
Depreciation charges
(Gain) on investments
Dividends, interest and rent from investments
Loss on the disposal of fxed assets
Decrease in debtors
Increase (decrease) in creditors
Transfer of non-cash balances from mergers with schools
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of fxed assets
Proceeds from sale of investments
Purchase of investments
Other cash movements on investments
Net cash (used in) investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
£
226,204
15,853
(96,118)
(5,149)
2,713
180,226
(49,524)
(4,504)		 2021
£
269,701
(2,596)
£
(102,741)
15,800
(903)
(21,335)
429
420,360
30,736
-		 2020
£
342,346
160,304
5,149
(6,220)
-
-
(1,525)		 21,335
(30,615)
171,200
-
(1,616)
267,105
2,166,231		 502,650
1,663,581
2,433,336 2,166,231

39

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

~~Notes to the fnancial statements~~

For the year ended 31st March 2021

1. Accounting policies

a. Statutory information

The School for Social Entrepreneurs is a charitable company limited by guarantee and is incorporated in England and Wales.

b. Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (September 2015) and the Companies Act 2006.

These financial statements consolidate the results of the charity and its whollyowned subsidiary School for Social Entrepreneurs Scotland (SSE Scotland) Limited on a line by line basis. The charity became the sole member of SSE Scotland from 30 September 2020. Transactions and balances between the charity and its subsidiary (from 30 September 2020) have been eliminated

from the consolidated financial statements. Balances between the two entities are disclosed in the notes of the charity’s balance sheet. A separate statement of financial activities, or income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006. The charity also has another wholly owned subsidiary - SSE Enterprises which is dormant. As the balances are not material to the financial statements, it has not been consolidated into the group accounts. The prior year figures do not include the transactions and balances of SSE Scotland.

On 30 September 2020 the assets and liabilities of: Cornwall School of Social Entrepreneurs CIC, School for Social Entrepreneurs West Midlands and Yorkshire and Humber School for Social Entrepreneurs were transferred into School for Social Entrepreneurs. These have been treated in the financial statements as acquisitions in the year and the income and expenditure has been incorporated into School for Social Entrepenuers’ activities from the date of the mergers.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

The estimated value of annual leave owed at 31 March 2021 was deemed immaterial and no accrual has been made in the accounts.

c. Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

d. Going concern

Covid-19 caused some disruption to programme delivery in early 2020. However, the mitigating steps taken and a successful move to online delivery of courses has limited the immediate impact of the pandemic on SSE. In the organisational budget agreed in March 2021, the trustees set ambitious targets for the reduction of both operational costs and the costs of programme delivery. Subsequently, and in light of progress against these targets, the trustees have considered income and expenditure forecasts, cash flow projections and fundraising forecasts for the 12 months from the date of signing these accounts and believe the charity has sufficient resources to continue operations for the foreseeable future. Taking these factors and the level of general reserves into account, the trustees are confident the charity can meet its liabilities as they fall due. While there are continued uncertainties about the impact of Covid-19 on SSE, and those we work with on our programmes, the trustees consider there are no material uncertainties to SSE continuing as a going concern and these accounts have been prepared on that basis.

40

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

1. Accounting policies (continued)

e. Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f. Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g. Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

h. Fund accounting

Restricted funds are to be used for specific purposes as laid down by

the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

i. Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

• Expenditure on charitable activities includes the costs of delivering courses and learning programmes, and other educational activities undertaken to further the purposes of the charity and their associated support costs. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j. Grant commitments

Grants are made to third parties in furtherance of the charity’s objects. Grant awards are considered payable when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and that any condition attaching to the grant is outside of the control of the charity.

k. Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time of the amount attributable to each activity.

Support and governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on staff time, of the amount attributable to each activity

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

41

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

1. Accounting policies (continued)

l. Operating leases

Lease rental charges are charged on a straight line basis over the term of the lease.

m. Tangible Fixed Assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

n. Investments

Investments in subsidiaries are at cost. Fixed asset investments comprise: a number of bank accounts held in the form of long-term deposits; and, investments in securities. Regarding investments in securities, these are held at market value. Realised gains and losses in investments are calculated as the difference between sales proceeds and their market value in the year of disposal. Unrealised gains

and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities on the basis of the market value at the year end.

o. Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

p. Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

q. 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 funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

r. Financial instruments

With the exception of the listed investments described above, 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 their settlement value.

s. Pensions

Contributions payable to employees’ pension plans are charged to the Statement of Financial Activities in the period to which they relate.

t. Critical accounting judgements and sources of estimation uncertainty

Significant estimates and judgements:

Key judgements that the charitable company has made which have a significant effect on the accounts include estimating the liability from multi-year grant commitments.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

42

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

2. Income from donations and legacies

2021 2020
Unrestricted Restricted Total Unrestricted Restricted Total
£ £ £ £ £ £
Supporter donations and gift aid 1,000 62,500 63,500 669 91,000 91,669
Pro-bono services 120,066 - 120,066 161,601 - 161,601
121,066 62,500 183,566 162,270 91,000 253,270
SSE receives a range of services on a pro-bono basis from supporters.
2021 2020
Total Total
£ £
Analysis of pro-bono services:
Consultancy services - 3,841
Legal services 10,881 27,570
Subsidy on premises rental 75,000 75,000
Marketing and public relations 9,501 22,085
Advice on HR matters 324 324
Support in delivery of SSE 23,760 32,781
programmes and events
Supporting employee 600 -
personal development
120,066 161,601

43

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

3. Income from charitable activities

2021 2020
Unrestricted Restricted Total Unrestricted Restricted Total
£ £ £ £ £ £
Access 125 - 125 90,275 - 90,275
ARM Foundation - 10,000 10,000 - - -
Arts Council England - 201,240 201,240 - 92,008 92,008
Association of Mental Health Providers - 30,244 30,244 - - -
Borough Market Traders - - - 12,157 - 12,157
Brewin Dolphin 33,452 23,700 57,152 10,648 7,200 17,848
Bristol City Council - 30,494 30,494 - - -
Capita - - - 21,622 - 21,622
Caritas of Westminster (trading as SEIDS) 27,084 6,250 33,334 14,100 - 14,100
Childhood Trust 19,651 - 19,651 13,790 - 13,790
CHK Charities - 8,000 8,000 - 8,000 8,000
Co-op Foundation - 27,532 27,532 - - -
Cornwall Council Community Locally Led Development - 62,647 62,647 - - -
Dartington Hall Trust 6,706 - 6,706 - - -
eBay Foundation (Silicon Valley Community Foundation) - 36,887 36,887 12,855 11,223 24,078
Esmée Fairbairn Foundation - - - - 20,000 20,000
Garfeld Weston Foundation - 40,000 40,000 - - -
Gowling WLG - 12,000 12,000 - - -
Guy’s and St Thomas’ Foundation - Impact On Health - 136,914 136,914 - 133,350 133,350
(previously known as Guy’s and St Thomas’ Charity)
Homeless Link - 29,000 29,000 - 5,000 5,000
Letchworth Garden City Heritage Fund - 5,000 5,000 - - -
Linklaters LLP 49,724 6,500 56,224 37,139 - 37,139
Lloyds Bank Foundation 134,335 - 134,335 148,450 - 148,450
Lloyds Bank Plc 2,500 1,310,143 1,312,643 - 1,182,587 1,182,587
Mercers’ Charitable Foundation - 30,000 30,000 - - -
Nama Women Advancement Establishment 2,588 - 2,588 144,260 - 144,260
National Lottery Community Fund - 3,350,679 3,350,679 - 504,688 504,688
National Lottery Community Fund Scotland - 165,000 165,000 - - -
National Lottery Heritage Fund - 40,439 40,439 - - -
Paul Hamlyn Foundation 151,203 160,100 311,303 119,680 143,000 262,680
Postcode Innovation Trust - 130,000 130,000 - 95,914 95,914

44

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

3. Income from charitable activities (continued)

Power to Change
PwC
Riverside Community Big Local
Royal London Mutual Insurance Society Limited
RS McDonald
RSA
Scottish Government
Scottish Government: ASK project
SHINE Trust
Sir George Martin Trust
South Yorkshire Community Foundation
The Rank Foundation
Thurrock Council
University of Exeter
West of England Combined Authority
West Midlands Combined Authority
Membership Fees
Training and Consultancy Fees
Total for charitable activities
. Income from other trading activities
Sponsorship Fees
Other		 2021
2020
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
£
£
£
£
£
£
34,241
1,538,601
1,572,842
-
1,588,350
1,588,350
7,392
69,000
76,392
-
54,000
54,000
-
20,000
20,000
-
-
-
9,600
-
9,600
-
-
-
27,450
-
27,450
-
-
-
2,500
-
2,500
-
-
-
-
57,500
57,500
-
60,000
60,000
-
3,840
3,840
-
-
-
730
-
730
-
-
-
1,188
-
1,188
-
-
-
-
15,000
15,000
-
-
-
5,000
45,000
50,000
5,000
45,000
50,000
7,001
-
7,001
34,232
-
34,232
13,000
-
13,000
-
-
-
-
19,613
19,613
-
-
-
6,480
-
6,480
-
-
-
105,000
-
105,000
135,000
-
135,000
79,585
-
79,585
84,519
-
84,519
726,535
7,621,323
8,347,858
883,727
3,950,320
4,834,047
2021
2020
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
£
£
£
£
£
£
36,000
-
36,000
36,750
-
36,750
13,573
-
13,573
11,039
-
11,039
49,573
-
49,573
47,789
-
47,789

4. Income from other trading activities

45

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

5. a) Analysis of expenditure (current year)

Staff costs (Note 8)
Grant Payments
Direct costs
Depreciation
Freelance Support
Human Resources
Information technology
Legal and Professional
Offce Running Costs
Premises
Other
Support costs
Governance costs
Total expenditure 2021
Total expenditure 2020		 Raising
Funds
Fundraising
£
20,316
-
-
-
-
-
-
-
-
-
-		 Charitable activities
Doing
Learning
Differently
Building
a Vibrant
Schools
Network
Mobilising
Enterprising
People
Governance
Support
Costs
2021 Total
2020 Total
£
£
£
£
£
£
£
776,679
254,700
308,548
51,785
494,446
1,906,474
1,477,091
3,802
515,615
4,629,824
-
-
5,149,241
2,303,342
601,739
11,288
310,989
16,495
-
940,511
839,145
-
-
-
-
15,853
15,853
15,800
-
-
-
-
121,827
121,827
198,565
-
-
-
-
66,135
66,135
85,867
-
-
-
-
127,956
127,956
50,084
-
-
-
-
34,545
34,545
62,486
-
-
-
-
32,041
32,041
31,254
-
-
-
-
124,288
124,288
129,190
-
-
-
-
(3,709)
(3,709)
67,261
20,316
15,135
1,020		 1,382,220
781,603
5,249,361
68,280
1,013,382
8,515,162
5,260,085
578,626
189,752
229,869
-
(1,013,382)
-
-
38,987
12,785
15,488
(68,280)
-
-
-
36,471 1,999,833
984,140
5,494,718
-
-
8,515,162
5,260,085
45,528 1,648,558
1,382,060
2,183,939
-
-
5,260,085
-

46

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

5. b) Analysis of expenditure (prior year)

Staff costs (Note 8)
Grant Payments
Direct costs
Depreciation
Freelance Support
Human Resources
Information technology
Legal and Professional
Offce Running Costs
Premises
Other
Support costs
Governance costs
Total expenditure 2020		 Raising Funds
Fundraising
£
21,945
-
-
-
-
-
-
-
-
-
-		 Charitable activities
Doing Learning
Differently
Building a
Vibrant Schools
Network
Mobilising
Enterprising
People
Governance
Support Costs
2020 Total
£
£
£
£
£
£
538,755
247,352
219,952
49,737
399,350
1,477,091
15,602
772,742
1,514,998
-
-
2,303,342
515,223
96,147
212,615
15,160
-
839,145
-
-
-
-
15,800
15,800
-
-
-
-
198,565
198,565
-
-
-
-
85,867
85,867
-
-
-
-
50,084
50,084
-
-
-
-
62,486
62,486
-
-
-
-
31,254
31,254
-
-
-
-
129,190
129,190
-
-
-
-
67,261
67,261
21,945
22,198
1,385		 1,069,580
1,116,241
1,947,565
64,897
1,039,857
5,260,085
544,967
250,204
222,488
-
(1,039,857)
-
34,011
15,615
13,886
(64,897)
-
-
45,528 1,648,558
1,382,060
2,183,939
-
-
5,260,085

47

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

6. Grant making

Grants to Grants to 2021 Grants to Grants to 2020
institutions Students institutions Students
£ £ £ £ £ £
Doing Learning Differently 3,802 - 3,802 15,602 - 15,602
Building a Vibrant Schools Network 515,615 - 515,615 772,742 - 772,742
Mobilising Enterprising People - 4,591,461 4,591,461 - 1,514,998 1,514,998
At the end of the year 519,417 4,591,461 5,110,878 788,344 1,514,998 2,303,342

Grants to students were made to individual entrepreneurs and community businesses accepted onto SSE programmes in the year to 31 March 2021 (2020: £1,514,998). Please see Appendix for a list of all such grantees in receipt of more than £5,000 in 2020/21. Grants to institutions comprised funds directed to partner organisations and members of the SSE Global Schools Network and were used to deliver support and training to SSE entrepreneurs across our programmes (2020: £788,344).

Institution: Partners and
SSE Network Schools
People Make it Work
Diverse City
Vanessa Swann
SSE Cornwall
SSE Dartington
SSE Hampshire
SSE India
SSE Midlands
SSE North West
SSE Scotland
SSE Yorkshire and Humber		 2021
2020
Number of Grants
Value of Grants £
Number of Grants
Value of Grants £
0
-
1
9,100
1
2,702
1
5,402
1
1,100
1
1,100
3
45,266
2
100,205
5
180,280
5
106,563
3
93,834
2
100,205
0
-
1
148
4
24,609
3
138,107
4
113,143
3
138,107
3
11,543
5
84,802
4
46,940
4
104,605
28
519,417
28
788, 344

48

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

7. Net income for the year

This is stated after charging / (crediting):

2021 2020
£ £
Depreciation 15,853 15,800
Loss or proft on disposal of fxed assets 2,713 429
Operating lease rentals:
Property 31,900 38,053
Auditors’ remuneration (excluding VAT):
Audit 13,000 11,300
Other services - -

8. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Salaries and wages
Social security costs
Employer’s contribution to defned
contribution pension schemes		 2021
2020
£
£
1,660,897
1,280,786
161,729
132,258
83,848
64,047
1,906,474
1,477,091

The following number of employees received employee benefits greater than £60,000 (excluding employer pension costs and employer’s national insurance) during the year:

2021 2020
No. No.
£60,000 - £69,999 2 -
£70,000 - £79,999 1 1
£90,000 - £99,999 1 1

The total employee benefits (including pension contributions and employer’s national insurance) of the key management personnel, the members of the Senior Management Team, were £380,890 (2020: £355,424).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).

Trustees’ expenses represents the payment or reimbursement of travel and subsistence costs relating to attendance at meetings. No expenses were incurred by SSE Trustees in 2021 (2020: £988 was incurred by 3 members).

49

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

9. Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 46.5 (2020: 34.6). Full time equivalent (FTE) staff amounted to 40.6 (2020: 30.3).

Doing Learning Differently
Building a network of sustainable schools
Mobilising the experience of enterprising people
Support
Governance
Fundraising		 2021
2020
FTE
FTE
18.5
12.7
5.0
4.9
6.4
4.4
9.6
7.3
0.8
0.7
0.3
0.3
40.6
30.3

10. Related party transactions

Richard Collier-Keywood, the Chair of trustees is also the Director of Glydwish Consulting Ltd. He donated £12,500 (2020: 12,500) towards a project supporting SSE fellows after graduation from our programmes.

Charlotte Young, a trustee of SSE, donated £10,000 (2020: £10,000) to SSE for a project supporting SSE fellows after graduation from our programmes. In the prior year she donated £2,800 towards costs of the research on social enterprise in East Anglia.

Jill Halford, a trustee of SSE is also a partner of BDO LLP and she was the treasurer of ACEVO. The charity paid £100 (2020: £nil) to ACEVO for advertising SSE trustees recruitment. In the prior year BDO provided free meeting rooms for SSE’s staff and trustees valued at £525. Ros Lucas, the spouse of SSE trustee Steve Johnson, was paid £250 (2020: £750) for facilitating Action Learning Sets for SSE students. Aggregate donations from Related Parties in the year amounted to £22,500 (2020: £25,300).

11. Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

12. Tangible fixed assets (the charity and the group)

Cost
At the start of the year
Additions in year
Transfers of assets from
mergers with Schools
Disposals in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
Eliminated on disposal
At the end of the year
Net book value
At the end of the year		 Offce furniture
Computer equipment
Total
£
£
904
68,688
69,592
-
6,220
6,220
-
4,504
4,504
-
(13,259)
(13,259)
904
66,153
67,057
678
35,866
36,544
226
15,627
15,853
-
(10,546)
(10,546)
904
40,947
41,851
-
25,206
25,206

All of the above assets are used for charitable purposes

13. Investments (the charity and the group)

At the start of the year
Additions at cost
Disposals at book/carrying value
Interest retained in the year
Net gains on investments
Total investments
Historic cost at the
end of the year		 2021
2020
£
£
792,907
961,588
-
-
-
(171,200)
1,525
1,616
96,118
903
890,550
792,907
761,127
761,127

In 2021 £391,880 (2020: £390,355) of investments were held in UK bank accounts and interest received from these accounts is included in the statement of financial activities. At 31st March 2021 securities valued at £498,670 (2020: £402,552) had been purchased in CCLA Ethical Investment funds.

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

14. Debtors and prepayments

4. Debtors and prepayments
Accrued income in respect of
grant commitments made
Other accrued income
Prepayments
Other debtors
Long term loans to Network Schools
Other amounts due from group undertakings		 The group
The charity
2021
2020
2021
2020
£
£
£
£
287,236
620,735
287,236
620,735
152,217
28,084
152,217
28,084
15,795
8,902
15,795
8,902
104,341
79,944
103,866
79,944
-
2,150
-
2,150
-
-
20,531
-
559,589
739,815
579,645
739,815

15. Cash at bank and on hand

5. Cash at bank and on hand
The group
 The charity
2021 2020 2021 2020
£ £ £ £
Main current account 1,111,060 454,850 1,051,054 454,850
Business interest deposit account 1,322,167 1,711,272 1,322,167 1,711,272
Cash 109 109 109 109
2,433,336 2,166,231 2,373,330 2,166,231
6. Creditors: amounts falling due within one year
The group
 The charity
2021 2020 2021 2020
£ £ £ £
Trade Creditors 140,401 79,322 138,173 79,322
Accruals 33,600 27,113 33,600 27,113
Grants payable to SSE Network Schools 22,242 53,162 22,242 53,162
Grants and fees in advance 979,666 711,752 979,666 711,752
Grant commitments to students 561,217 915,301 561,217 915,301
1,737,126 1,786,650 1,734,898 1,786,650

16. Creditors: amounts falling due within one year

52

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

17. a) Analysis of net group assets between funds (current year)

Tangible fxed assets
Investments
Net current assets
Net assets at 31 March 2021		 General unrestricted
Restricted
Total funds
£
£
£
25,206
-
25,206
890,550
-
890,550
299,295
956,504
1,255,799
1,215,051
956,504
2,171,555

17. b) Analysis of net assets between funds (prior year)

Tangible fxed assets
Investments
Net current assets
Net assets at 31 March 2020		 General unrestricted
Restricted
Total funds
£
£
£
33,048
-
33,048
792,907
-
792,907
472,987
646,409
1,119,396
1,298,942
646,409
1,945,351

53

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

18. a) Movements in funds (current year)

8. a) Movements in funds (current year)
At 1 April 2020 Income & gains Expenditure Transfers At 31 March 2021
& losses
£ £ £ £ £
a) Restricted funds:
ARM Foundation - 10,000 (10,000) - -
Arts Council England 4,486 116,338 (77,813) - 43,011
Association of Mental Health Providers - 30,244 (30,244) - -
Bristol City Council - 19,590 (19,590) - -
CHK Charities - 8,000 (8,000) - -
Co-op Foundation - 27,532 (5,408) - 22,124
Cornwall Council Community Locally - 77,675 (77,675) - -
Led Development (revenue grant)
* Cornwall Council Community Locally Led - 725 - (725) -
Development (capital expenditure)
eBay Foundation (Silicon Valley - 36,887 (33,118) - 3,769
Community Foundation)
Esmée Fairbairn Foundation 3,279 - (3,279) - -
Garfeld Weston Foundation - 40,000 (36,213) - 3,787
Gowling WLG - 12,000 (4,249) - 7,751
Guy’s and St Thomas’ Foundation 32,543 16,707 (32,214) - 17,036
- Impact on Urban Health
Homeless Link 820 29,000 (26,231) - 3,589
Letchworth Garden City Heritage Fund - 5,000 (2,003) - 2,997
Lloyds Bank Plc: Social Entrepreneurs Programme 281,114 788,123 (819,868) - 249,369
Mercers’ Charitable Foundation - 30,000 (23,000) - 7,000
National Lottery Community Fund - 186,250 (183,650) - 2,600
(Social Enterprise Support Fund)
National Lottery Community Fund (Sustainability) 14,406 45,256 (45,255) - 14,407
National Lottery Heritage Fund - 40,439 (36,468) - 3,971
Postcode Innovation Trust 28,922 100,000 (58,648) - 70,274
Power to Change: Community Business Trade Up 64,695 521,197 (505,847) - 80,045
PwC 25,302 54,000 (65,342) - 13,960
Riverside Community Big Local - 20,000 (12,332) - 7,668
Scottish Government - 3,840 (3,840) -
Social Partners Fellowship Programme 80,254 22,500 (23,985) - 78,769
South Yorkshire Community Foundation - 15,000 (6,668) - 8,332
SSE Midlands - 8,531 - - 8,531
The Rank Foundation 4,309 45,000 (47,586) - 1,723

54

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

18. a) Movements in funds (current year continued)

b)
Grants: on behalf of SSE Students
Access
Arts Council England
Brewin Dolphin
Caritas of Westminster (trading as SEIDS)
Guy’s and St Thomas’ Foundation
- Impact on Urban Health
Linklaters LLP
Lloyds Bank Plc: Social Entrepreneurs Programme
National Lottery Community Fund
National Lottery Community Fund: Scotland
National Lottery Community Fund:
Social Enterprise Support Fund
Paul Hamlyn Foundation
Postcode Innovation Trust
Power to Change: Community Business Trade Up
PwC
Scottish Government
Social Partners Fellowship Programme
SSE Grants to Students
c)
Grants: on behalf of SSE Network
Schools and Partners
Arts Council England
Bristol City Council
Lloyds Bank Plc: Grants to Schools

National Lottery Community Fund: Scotland
Power to Change: Community Business Trade Up
PwC

Scottish Government
West of England Combined Authority
Total restricted funds
Unrestricted funds:
General reserves
Designated funds
Total unrestricted funds
Total funds		 At 1 April 2020
Income & gains
Expenditure & losses
Transfers
At 31 March 2021
£
£
£
£
£
355
-
(355)
-
-
-
80,000
(80,000)
-
-
-
23,700
(23,700)
-
-
-
6,250
(6,250)
-
-
-
120,207
(120,207)
-
-
-
6,500
(6,500)
22,075
330,620
(184,182)
-
168,513
46,408
319,173
(351,421)
-
14,160
10,951
140,000
(140,000)
(10,951)
-
-
2,800,000
(2,800,000)
-
-
10,078
160,100
(160,100)
(10,078)
-
-
30,000
(27,000)
-
3,000
8,000
741,250
(686,109)
-
63,141
-
5,000
(5,000)
-
-
1,000
-
1,000
-
2,000
-
40,000
(40,000)
-
-
5,000
-
-
-
5,000
-
4,902
(3,802)
-
1,100
-
10,904
(10,904)
-
-
-
191,400
(191,400)
-
-
-
25,000
(17,073)
10,951
18,878
-
276,154
(276,154)
-
-
2,412
10,000
(10,000)
-
2,412
-
57,500
(29,913)
-
27,587
-
19,613
(19,613)
-
-
646,409
7,708,107
(7,387,209)
(10,803)
956,504
1,298,942
1,033,259
(1,127,953)
10,803
1,215,051
-
-
-
-
-
1,298,942
1,033,259
(1,127,953)
10,803
1,215,051
1,945,351
8,741,366
(8,515,162)
-
2,171,555

The narrative to explain the purpose of each fund is given at the foot of the note below.

Transfers between funds represent movements between grants to students, SSE Schools and partners and SSE operations as agreed with the relevant funder.

*The income from this grant appears in the Statement of Financial Activities, but the corresponding expenditure is included in tangible fixed assets in the balance sheet, to be depreciated over its useful life, hence a transfer has been made between restricted and unrestricted funds to recognise that the restriction in this grant has been met.

**These funds relate to grants awarded to SSE Scotland which remained unspent at 31 March 2021.

55

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

18. b) Movements in funds (prior year)

8. b) Movements in funds (prior year)
At 1 April 2019 Income & gains Expenditure Transfers At 31 March 2020
& losses
£ £ £ £ £
a) Restricted funds:
Arts Council England (3,605) 76,406 (68,315) - 4,486
CHK Charities - 8,000 (8,000) - -
Department for Digital, Culture, Media & Sport 6,114 - (6,114) - -
eBay Foundation (Silicon Valley - 11,223 (11,223) - -
Community Foundation)
Esmée Fairbairn Foundation 1,037 20,000 (17,758) - 3,279
Guy’s and St Thomas’ Foundation 21,445 53,350 (42,252) - 32,543
- Impact on Urban Health
Homeless Link - 5,000 (4,180) - 820
Lloyds Bank Plc: Social Entrepreneurs Programme 279,477 748,271 (746,634) - 281,114
Lloyds Bank Plc: Additional Funds 5,700 - - (5,700) -
National Lottery Community Fund (Sustainability) 14,376 64,688 (64,658) - 14,406
Postcode Innovation Trust 30,469 95,914 (97,461) - 28,922
Power to Change: Community Business Trade Up 49,667 372,782 (365,516) 7,762 64,695
PwC 13,366 42,000 (30,064) - 25,302
The Rank Foundation 13,021 45,000 (53,712) - 4,309
Network development - 3,500 (3,500) - -
Social Partners Fellowship Programme 63,750 55,542 (39,038) - 80,254
b) Grants: on behalf of SSE Students
Access - - 355 - 355
Guy’s and St Thomas’ Foundation - 80,000 (80,000) - -
- Impact on Urban Health
Linklaters LLP 500 - - (500) -
Lloyds Bank Plc: Social Entrepreneurs Programme (3,500) 111,198 (91,323) 5,700 22,075
National Lottery Community Fund 2,500 440,000 (393,592) (2,500) 46,408
National Lottery Community Fund: Scotland - - 10,951 - 10,951
Paul Hamlyn Foundation - 143,000 (132,922) - 10,078
Power to Change: Community Business Trade Up (31,270) 829,750 (782,968) (7,512) 8,000
Scottish Government - 20,000 (19,000) - 1,000
Social Partners Fellowship Programme - 30,000 (30,000) - -
SSE Grants to Students (1,000) - 3,500 2,500 5,000

56

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

18. b) Movements in funds (continued)

c)
Grants: on behalf of SSE Network
Schools and Partners
Arts Council England
Brewin Dolphin
Fellows Programme
Lloyds Bank Plc: Grants to Schools
National Lottery Community Fund: Scotland
Power to Change: Community Business Trade Up
PwC
Scottish Government
Total restricted funds
Unrestricted funds:
General reserves
Designated funds
Total unrestricted funds
Total funds		 At 1 April 2019
Income & gains
Expenditure
& losses
Transfers
At 31 March 2020
£
£
£
£
£
-
15,602
(15,602)
-
-
-
7,200
(7,200)
-
-
-
1,958
(1,958)
-
-
-
323,118
(323,118)
-
-
2,500
-
(2,500)
-
-
250
385,818
(385,818)
(250)
-
2,560
12,000
(12,148)
-
2,412
-
40,000
(40,000)
-
-
467,357
4,041,320
(3,861,768)
(500)
646,409
1,544,965
1,116,024
(1,362,547)
500
1,298,942
35,770
-
(35,770)
-
-
1,580,735
1,116,024
(1,398,317)
500
1,298,942
2,048,092
5,157,344
(5,260,085)
-
1,945,351

57

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

18. b) Movements in funds (continued)

Purposes of restricted funds

Association of Mental Health Providers, the national membership charity for voluntary and community sector mental health organisations in England and Wales, has granted funds towards providing a learning programme for mental health sector organisations.

The ARM Foundation provided £10,000 towards supporting SSE Fellows

Arts Council England Transforming Leadership Programme is an action-based learning programme for 20 executive and 20 emerging level leaders across the arts and cultural sector. At least 50% of programme participants are from diverse backgrounds. The project is co-funded by the Garfield Weston Foundation.

Bristol City Council is the lead partner of an ERDFfunded consortium of organisations providing supporting enterprise in South Bristol. This grant funding permits SSE to deliver a learning programme to social entrepreneurs in South Bristol. The project is also supported by the West of England Combined Authority.

CHK Charities contributed £8,000 towards supporting students on the SSE London Fellowship Programme.

Cornwall Council is funding (partly via ERDF funds) two SSE programmes in Cornwall working at grass root level to identify, inspire and equip local people to feel ready to start their own social enterprise or community business or to grow an existing one.

Co-op Foundation funds supported SSE and SSE North West to work together to create and deliver a capacity building programme for a cohort of 15 Northern environmental entrepreneurs.

eBay Foundation supported the further development of SSE’s Virtual Volunteers platform, to facilitate remote skills-based volunteer matching.

Esmée Fairbairn Foundation & The Rank Foundation have funded development and promotion of our Match Trading innovation in order to the maximise benefits across the social sector.

Gowling WLG contributed, along with SSE Midlands, to a programme designed to equip black social entrepreneurs to develop positive and sustainable enterprises that will help address or counter the inequalities faced by their communities.

Impact On Urban Health, part of Guy’s and St Thomas’ Foundation, is working with SSE to support social entrepreneurs in Lambeth and Southwark who are addressing issues relating to childhood obesity and multiple long-term conditions.

Letchworth Garden City Heritage Fund has provided match funding for the National Heritage Lottery funded

project working with heritage sector entrepreneurs.

Homeless Link funded a project to develop and deliver a learning programme to social enterprises in the homelessness sector.

Lloyds Bank plc provided funds to cover programme delivery costs and the costs of SSE managing grant distribution to students as part of the Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme.

Mercers’ Charitable Foundation have contributed £30,000 towards the development of the Match Trading and Trade Back initiatives.

NAMA have contributed £33,125 for ALS facilitator training and a series of webinars supporting women into entrepreneurship in the UAE.

National Lottery Community Fund provided funds to assist development of SSE’s monitoring, evaluation and research function.

National Lottery Community Fund provided funds to cover the costs of SSE managing grant distribution and building a collaborative funding portal for social enterprises as part of the Social Enterprise Support Fund.

National Lottery Community Fund Scotland contributed funds towards programme delivery costs in Scotland as part of the Bank of Scotland Social Entrepreneurs Programme.

National Lottery Heritage Fund provided funding to develop and deliver a programme of enterprise development support across the UK to meet the needs of the heritage sector.

The Postcode Innovation Trust has funded a social enterprise support programme with the themes of: Health and Wellbeing Training and Employability (specifically with social enterprises that aim to employ hard to reach individuals); and Environment and Conservation.

Power to Change - Community Business Trade Up: SSE is working with Power to Change to deliver grants and training to enable community businesses to grow and become self-sustaining. The programme is designed to support businesses which will promote positive change in communities to address charitable needs.

PwC provided funding for the SSE London Fellowship Programme, and towards the development, coproduction and implementation of the Black Entrepreneurs programme a new programme to support Black-ed social enterprises. SSE also delivers a range of wider partnership activities such as group coaching sessions for members of the PwC Social Entrepreneurs Club.

Scottish Government contributed funds to towards programme delivery costs in Scotland as part of the Bank of Scotland Social Entrepreneurs Programme.

South Yorkshire Community Foundation funds a tailored resilience and recovery programme providing essential support to help the Foundation’s grantees through the Covid-19 crisis.

Riverside Community Big Local funded the 2021 Thurrock Social Entrepreneurship programme. The programme provides practical learning, a supportive peer network, and a mentor to people who are starting up a project or organisation which will create positive social or environmental impact.

Royal London provide funding for our Changemakers programme, growing the scale & impact of innovative social enterprises working to reduce the impact of life shocks.

The Social Partners Fellowship Programme is funded by individual donors who provide both time and money to support SSE fellows. Included in this is the Fellows Future Fund (grant funding), mentoring support and the Fellows Event Series.

b) Grants: SSE Students

Grants received and payments in respect of student enterprises were:

awarded through a programme funded by Access - the Foundation for Social Investment aiming to provide peer based learning opportunities and associated support for leaders of social sector organisations in the youth and homelessness sectors.

executed under an agreement with Arts Council England provided for the purposes of leadership development through increased diversity and entrepreneurship.

awarded to participants in the Brewin Dolphin StartUp Plus Programme aiming to encourage budding entrepreneurs to create a business that helps their local community and achieves lasting social impact

awarded through a programme funded by Guy’s and St Thomas’ Charity to support entrepreneurs in Lambeth and Southwark who address issues relating to childhood obesity and multiple long-term conditions.

awarded to members of the Future Communities Pre-Start Up Programme in Haringey, funded by Linklaters. The programme has the aim of helping students learn how to build organisations to create lasting change in their locality.

executed under agreements with Lloyds Banking group, The National Lottery Community Fund, The National Lottery Community Fund Scotland and the Scottish Government, provided for the purposes of providing start up, scale up and trade up grants to support the enterprises of students on the Lloyds Banking Group Social Entrepreneurs Programme.

awarded via the National Lottery Community Fund Social Enterprise Support Fund to social enterprises in critical need of funding to help them weather the storm of Covid-19.

awarded as part of a Paul Hamlyn Foundation funded programme as part of a package of support including grants and bespoke training. SSE is working in partnership with Paul Hamlyn Foundation to deliver a learning and support programme for recipients of their Ideas and Pioneers Fund grants.

awarded as part of the Scale+Accelerate Programme funded by the Postcode Innovation Trust to support the leaders of organisations working in: employability and training; health and wellbeing; environment and conservation.

awarded through the Power to Change Community Business Trade up Programme to incentivise trading and promote financial sustainability alongside a learning programme to boost students’ capabilities, confidence and networks.

awarded to support start-up level organisations in Wembley to participate in a business skills development programme from funds provided by Caritas of Westminster (trading as SEIDS).

awarded through the Social Partners Fellowship Programme to support organisational and leadership skills development of Fellows.

awarded to support participation of a group of Black-led social enterprises in the PwC Black Led Social Entrepreneurs Programme.

c) Grants: SSE Network Schools and Partners

Grants payable to Partners and SSE Network Schools comprised:

funds from Arts Council England to support delivery of the Transforming Leadership Programme.

ERDF funds via Bristol City Council to support the work of SSE Dartington with social entrepreneurs in South Bristol. The project is also supported by the West of England Combined Authority.

funds from Lloyds Bank plc which are paid to support operations in SSE schools in England and Wales.

funds from National Lottery Community Fund and the Scottish Government towards SSE Scotland’s operations.

grants made to members of the charity’s regional network of schools on the basis of funding agreements with Power to Change.

grants made to members of the charity’s regional network of schools to on the basis of funding agreements with PwC.

58

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

19. Operating lease commitments

The group’s total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

Less than one year
One to fve years		 Property
2021
2020
£
£
22,079
31,929
-
22,079
22,079
54,008

The current lease ends in October 2021. A lease extension to October 2022 is under negotiation.

20. Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

59

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

21. Merger with schools

On 30 September 2020, School for Social Entrepreneurs became the sole member of School for Social Entrepreneurs Scotland Limited and from that date is a wholly owned subsidiary of School of Social Entrepreneurs. The balance sheet at the date of transfer is detailed below.

Fixed assets
Current assets
Debtors
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within one year
Net current assets
Net assets		 Balance sheet as at 30 September 2020
£
-
-
64,656
64,656
(139,299)
(74,643)
(74,643)

SSE Scotland’s negative fund balance at 30 September 2020 was primarily due to a £65,900 liability owed to SSE which was written off in November 2020.

On 30 September 2020 the assets and liabilities of: Cornwall School for Social Entrepreneurs CIC, School for Social Entrepreneurs West Midlands and Yorkshire and Humber School for Social Entrepreneurs were transferred into School for Social Entrepreneurs. A summary of the assets and liabilities transferred is detailed below.

Fixed assets
Current assets
Debtors
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within one year
Net current assets
Net assets as per balance sheets
Total net effect of adjustments to eliminate balances with
SSE and bringing accounting policies in line with SSE
Funds transferred to SSE on acquisition		 Assets transferred on 30 September 2020
School for Social Entrepreneurs
West Midlands
Cornwall School for Social
Entrepreneurs CIC
Yorkshire and Humber School
for Social Entrepreneurs
Total
£
£
£
£
-
4,504
-
4,504
-
21,624
71
21,695
53,529
53,087
136,485
243,101
53,529
74,711
136,556
264,796
(44,998)
(85,562)
(33,992)
(164,552)
8,531
(10,851)
102,564
100,244
8,531
(6,347)
102,564
104,748
12,500
12,047
4,450
28,997
21,031
5,700
107,014
133,745

The net impact of the acquisition of SSE Scotland and the transfer of the assets from SSE West Midlands, SSE Cornwall and SSE Yorkshire and Humber amounts to £59,102 and is shown on the consolidated Statement of Financial Activities.

60

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

22. Subsidiary undertaking

The charity owns the whole of the issued ordinary share capital of School for Social Entrepreneurs Scotland Limited, a company registered in Scotland. The company number is SC423141. The registered office address is Ground Floor, Tobacco Merchant’s House, 42 Miller Street, Glasgow, Scotland, G1 1DT. The directors of the subsidiary comprise the Chief Executive, Managing Director and other senior management team members. A summary of the results of the subsidiary is shown below:

Turnover
Turnover from sales to parent undertaking
Cost of sales
Cost of sales related to purchases from parent undertaking
Gross proft/(loss)
Administrative expenses
Management charge payable to parent undertaking
Other operating income
Proft/(loss) on ordinary activities before interest and taxation
Interest receivable and similar income
Interest payable
Interest payable to parent undertaking
Proft / (loss) on ordinary activities before taxation
Taxation on proft on ordinary activities
Proft / (loss) for the fnancial year
Retained earnings
Total retained earnings brought forward
Proft / (loss) for the fnancial year
Distribution under Gift Aid to parent charity
Total retained earnings carried forward
The aggregate of the assets, liabilities and reserves was:
Assets
Liabilities
Reserves		 6 months to 31 March 2021
£
3,840
39,443
(3,840)
(18,324)
21,119
65,900
(21,119)
-
65,900
-
-
-
65,900
-
65,900
(74,643)
65,900
-
(8,743)
2021
60,481
(69,224)
(8,743)

Amounts owed to/from the parent undertaking are shown in notes 14 and 16.

61

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

23. Parent charity

The parent charity’s gross income and the results for the year are disclosed as follows:

2021 2020
£ £
Gross income 8,822,223 5,157,344
Result for the year 188,483 (102,741)

24. Post-audit event

A further merger with an SSE Network School took place on 31 July 2021 when the seven team members of SSE Dartington transferred to SSE.

62

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Appendix

Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme

Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme is a five year (2017-2022) partnership, funded by Lloyds Banking Group and The National Lottery Community Fund, co-ordinated nationally by the School for Social Entrepreneurs, and delivered locally by our network of SSE schools. From 2018, SSE Scotland was pleased to welcome National Lottery Community Fund and Scottish Government as joint funders of Match Trading grants in Scotland

.

This supportive cohort learning programme aims to give social entrepreneurs the best possible chance of success, through access to support and funding.

In 2020/21 the Programme offered tailored one-year action learning programmes to 263 Social Entrepreneurs at three distinct levels: Start Up, Trade Up and Scale Up.

In total, the Programme awarded £695,000 in new grants. Withdrawals from this and prior years amounted to £20,397 bringing the total awards figure to £674,603. The 42 organisations with awards greater than £5,000 in the year to 31 March 2021 are as below:

Project Name
Wee Red Upcycles CIC
UV Arts C.I.C
Think Circus CIC		 Grant Awarded
£7,000
£7,000
£7,000
Repair Cafe Glasgow £7,000
Starsparks Ltd t/a The Haven £7,000
Menself £7,000
Skate of Mind £7,000
Weekday Wow Factor £7,000
Animalia CIC £7,000
Families in Trauma £7,000
All Strong Scotland C.I.C. £7,000
Soundplay Projects £7,000
Re-Employ £7,000
Checkin Works/Giraffe Trading CIC £7,000
Positive Changes (Scotland) CIC £7,000
Make Do and Grow CIC £7,000
The Brock Garden Centre SCIO £7,000
The Blankfaces £7,000
The Playpen Cafe CIC £7,000
BE United £7,000
Society Zero CIC £7,000
Earth Doctors Ltd £7,000
Money4You £7,000
Gro-Organic CIC £7,000
Switch Midlands CIC £7,000
Grow to School CIC £7,000 Starting Point £24,936
Alpha Inclusion and Communication £7,000 ReStart Enterprises £50,000
The Turnaround Project £7,000 Carers Forward £25,000
The Growing Club CIC £7,000 Happy Times Activities £13,650
Access UK £7,000 The Cooke E-Learning Foundation £46,960
YELLOW JIGSAW £7,000 Impact Northeast CIC £50,000
NEDCare CIC (North East Dartmoor Care) £7,000 Cracking Good Food CIC £40,000
Community Solutions North West Ltd £7,000 International Mixed Ability Sports £31,870
CAP UK Child Assault Prevention
CoachBright
thinkFOUND		 £7,000
£7,000
£7,000		 Stiltskin Creative Arts & Theatre Company C.I.C
Conservation Management Services CIC
Triple A Project (All About Autism)		 £35,598
£17,600
£10,372
Bright Box Makerspace
Migrateful		 £7,000
£7,000		 The Bread Kitchen CIC
Somali Development Services Ltd		 £10,310
£46,794
RIFT Social Enterprise £7,000 Spirit and Soul Equine Assisted Activity Centre £21,946
Changing Relations CIC £7,000 Carers4Carers Ltd £10,143
Zinthiya Trust £7,000 Leicester Community Beneft Society £23,290
Breadwinners £7,000 SAAFI CIC £21,025
Incredible Farm CBS Ltd £10,000
Bodster Equine Assisted Learning CIC £10,000
The National Lottery Community Fund Footprints Project Ltd £10,000
The Social Enterprise Support Fund was set up to provide essential
fnancial support to help social enterprises in England during
COVID-19 to meet additional demands, change the way they work,
make their spaces COVID-secure, and manage liquidity.		 Iconic Steps Film Academy CIC
Cabasa CIC
Support Community Interest Company
The Bike Project
Caenhill Farm		 £16,706
£16,800
£19,500
£19,560
£22,000
Five social enterprise support agencies came together to deliver the
fund, including SSE, Big Issue Invest, The Key Fund, Resonance, and
UnLtd, with support from CAF Venturesome, the Young Foundation		 Wild Oyster CIC
Farm Urban
Homebaked Cooperative		 £22,100
£24,680
£50,000
and Ashoka. Across all partners, the Social Enterprise Support The Umbrella Cafe CIC £26,652
Fund awarded 618 organisations with a total of £18,725,586. Zync Digital £12,500
Autism Dogs CIC £22,680
Across three funding rounds (July, August and September 2020), Fordhall Community Land Initiative Ltd £11,700
SSE awarded 108 social enterprises £2.8m in grants. Lotus Brook Limited £13,120
Emmaus Suffolk £25,710
Project Name Grant Awarded Fullcircle nw CIC £18,890
Hope Enterprises (Northampton) CIC £48,000 Me Again CIC £25,280
Made by Mortals CIC £21,321 Open Barbers £31,335
Impact Brixton CIC £47,200 Gendered Intelligence £49,763
We Rise Ltd £48,860 Veterans Woodcraft CIC £35,000
CELLS £26,500 Zion Community Arts Space £30,000
Mapis Project CIC £32,228 Purbeck Youth & Community Foundation £22,600
Breadwinners £28,002 iCan Health and Fitness CIC £40,000
Choices Foundation C.I.C £10,000 Rites for Girls CIC £15,469
Diversiti UK Learning and Development C.I.C. £31,047 Freshrb CIC £15,084
Mindful Gifts £22,195 Connected Routes CIC £16,000
RIFT Social Reform CIC £35,000 The Core Skate Hereford CIC £30,000
Clart About Ltd £20,166 Talk for Health £46,960
The Devon Clinic CIC £14,450 Turtle Dove Cambridge CIC £14,945
BWTL CIC £11,400 Foundation School of Martial Arts £15,400
Thanet Iceberg Project £24,020 Plymouth Play CIC £10,000
Gaydio CIC £30,053 Community Works CIO £33,300

63

The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Make It Sustainable Ltd £10,750
Eat Make Play
Empowr-U CIC
Manchester Urban Diggers CIC		 £10,750
£10,750
£10,750
Rethink Now CIC
One Voice Blackburn CIC
Neo Community
Kensington Fields Community Association
Innovate Volunteering CIC
Crawford House
Cells
AL’S Activity & Respite Centre
Olcotwish CIC
Queensbury Celtic FootballClub
Friends of Silsden Town Hall
Sporting Penistone
Kirkgate Centre
Live Well North East
Capital of Cycling
Rockingham Centre Hoyland CIC
Birkheads Wild CIC
South Shields Surf CIC
RTC Sports Ltd
East Marsh United
Barley Mow Village Hall CIO		 £10,000
£10,750
£10,750
£10,000
£10,750
£10,750
£10,750
£10,750
£10,750
£10,750
£10,750
£10,750
£10,750
£10,750
£10,750
£10,750
£10,750
£10,000
£10,750
£10,000
£10,750

community businesses. All awardees received £10,000 in Match Trading grants and 55 of them also received £750 to support them with their financial systems. Withdrawals from this and prior years amounted to £55,141 bringing the total awards figure to £686,109.

Devon and Cornwall Furniture Reuse Project Ltd
£40,000		 community businesses. All awardees received £10,000 in Match Make It Sustainable Ltd
£10,750
Community Furniture Store (York) Ltd
£26,538
Diverse Voices Entertainment CIC
£30,000
Neo Community
£40,050		 Trading grants and 55 of them also received £750 to support them
with their fnancial systems. Withdrawals from this and prior years
amounted to £55,141 bringing the total awards fgure to £686,109.		 Eat Make Play
£10,750
Empowr-U CIC
£10,750
Manchester Urban Diggers CIC
£10,750
The Horticulture Industry Scheme CIC
£10,000
Express Tuition Ltd
£40,000
Liverpool Community Launderette
£32,742
Southern Holderness Resource Centre
£48,000
Jennifer Reid (Back on Track)
£15,586
Action West London
£48,300
BrazUKa International
£34,600
Bread n Butter CIC
£24,706
The Employers Forum For Sharrow,Heeley & Norfolk Park £45,000
Skills and Training Network
£36,882
What’s Your Problem CIC
£47,500
The Quest for Gay Men CIC
£24,600
Twinkleboost CIC
£14,700
Money A+E UK
£49,995
North Doncaster Development Trust
£15,591
Defant Sports
£17,515
Hype Merseyside)
£20,000
Hackney Herbal CIC
£12,330
Café Art (UK) CIC
£17,700
The Selby Trust
£50,000
Erya Community Interest Company
£21,829
Fall into Place Theatre
£11,720
Activating Creative Talent CIC (ACT)
£49,509
AL’S Activity & Respite Centre C.I.C
£22,000
States of Mind CIC
£10,000
Unique Voice CIC
£24,267
Community Stepping Stones CIC
£12,750
In Harmony Food Revolution CIC
£17,500
Betknowmore UK
£24,025
The Therapeutic Forest CIC
£21,735
Peer2Peer Education CIC
£10,500
Just Psychology CIC
£26,511
The Turning Tides Project CIC
£18,541
Sociability Care CIC
£20,050
bthechange CIC
£20,000
Seed of Hope CIC
£13,414
One Voice Blackburn CIC
£19,644		 Project Name
Grant Awarded
Palmers Green Crafts Trading as Stitch
£10,750
WAF
£10,000
Refashion My Town CIC
£10,750
Upper Norwood Library Trust
£10,750
Peckham Festival
£10,000
Wycombe Museum
£10,750
Loughborough Farm Community Café
£10,750
Thanet Iceberg Project
£10,750
One Church
£10,750
Cambridge House Community Hub
£10,000
The Umbrella Cafe CIC
£10,000
Azook CIC
£10,000
St Austell Market House CIC
£10,000
Greenwood Music CIC
£10,750
Sky High Arts CIC
£10,000
Falmouth Food Coop CIC
£10,750
Patchwork Studios CIC
£10,750
Fish Factory Arts
£10,750
Mount Hawke Youth & Community Group
£10,750
Freemoovement UK CIC
£10,750
Interculture
£10,750
Atlantic Racquet Centre
£10,750
Broadhempston Community Shop & Post Offce
£10,000
Sound Communities
£10,750
Share Shed - A Library of Things
£10,750
The Woodland Presents CIC
£10,750
Heart of BS13
£10,750
Windmill Hill City Farm
£10,750
Weymouth Area Dev’t Trust CIC Ltd
£10,750
Campbel and Rose CIC
£10,750
Matrix Pavilion Café
£10,750
Stroud Village Hall & Residents Association
£10,750
Isle Access
£10,750
EcoSwap CIC
£10,750
Farnham Local Food Co-operative Ltd
£10,750
October books
£10,750		 Rethink Now CIC
£10,000
One Voice Blackburn CIC
£10,750
Neo Community
£10,750
Kensington Fields Community Association
£10,000
Innovate Volunteering CIC
£10,750
Crawford House
£10,750
Cells
£10,750
AL’S Activity & Respite Centre
£10,750
Olcotwish CIC
£10,750
Queensbury Celtic FootballClub
£10,750
Friends of Silsden Town Hall
£10,750
Sporting Penistone
£10,750
Kirkgate Centre
£10,750
Live Well North East
£10,750
Capital of Cycling
£10,750
Rockingham Centre Hoyland CIC
£10,750
Birkheads Wild CIC
£10,750
South Shields Surf CIC
£10,000
RTC Sports Ltd
£10,750
East Marsh United
£10,000
Barley Mow Village Hall CIO
£10,750
Paul Hamlyn Foundation & SSE Bespoke Programme
The Paul Hamlyn Foundation & SSE Programme is a bespoke learning an
grant programme for individuals who received external grant funding
from the Paul Hamlyn Ideas and Pioneers Fund administered by the Paul
Hamlyn Foundation. The bespoke support is tailored to meet the specifc
learning needs of the individual and their organisation. The individuals
identifed by the Paul Hamlyn Foundation as suitable for receiving
follow on funding and support through the SSE bespoke package are
referred to SSE. Each grantee is allocated up to a maximum of £20,000
to provide a combined package of support, learning, mentoring and a
grant as appropriate. The support is delivered on a rolling basis over a
12 month period to enable the individual to embed tailored learning into
practice and advance public beneft. Grants amounting to £162,500 in
total were awarded to 14 participants in 2020/21. Withdrawals from this
year amounted to £2,400 bringing the total awards fgure to £160,100.
Momentum
£10,000
Power to Change Community Business Trade Up Programme Bedhampton Community Centre
£10,750
Pedestrian Limited
£10,750		 The 12 organisations with awards greater than £5,000
in the year to 31 March 2021 are as below:
The Community Business Trade Up Programme is run by School for
Social Entrepreneurs in partnership with Power to Change and aims to
support community businesses across England to boost their capabilities
and confdence and help them become viable trading businesses.
In 2020/21 the Programme awarded £741,250 in new grants to 70		 The Leominster Pavilion CIC
£10,000
Companions Real Bread CIC
£10,000
Leamington Old Town Ltd
£10,750
GT Adventure Birmingham & Solihull
£10,750
Legacy West Midlands
£10,750
Ideal for All
£10,750		 Project Name
Grant Awarded
The Black Curriculum CIC
£14,000
Little Animation Studio
£12,000
Fat Macey’s
£14,000
RAISE Wales CIC
£14,000
Fast Familiar
£16,000

The Paul Hamlyn Foundation & SSE Programme is a bespoke learning and grant programme for individuals who received external grant funding from the Paul Hamlyn Ideas and Pioneers Fund administered by the Paul Hamlyn Foundation. The bespoke support is tailored to meet the specific learning needs of the individual and their organisation. The individuals identified by the Paul Hamlyn Foundation as suitable for receiving follow on funding and support through the SSE bespoke package are referred to SSE. Each grantee is allocated up to a maximum of £20,000 to provide a combined package of support, learning, mentoring and a grant as appropriate. The support is delivered on a rolling basis over a 12 month period to enable the individual to embed tailored learning into practice and advance public benefit. Grants amounting to £162,500 in total were awarded to 14 participants in 2020/21. Withdrawals from this year amounted to £2,400 bringing the total awards figure to £160,100.

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

Azuko £12,000 Shoot Your Mouth Off CIC £10,000 Access Hospitality CIC £10,000 Your time space £12,000 Museum of colour CIC £15,000 MiFuture £14,000 Mobilise Care Ltd £10,000 Total £153,000

Impact on Urban Health, part of Guy’s and St Thomas’ Foundation Programme

The Health and Wellbeing Trade Up follow on support programme 2021 and Evaluation grants programme 2020 programme are run in partnership with the School for Social Entrepreneurs and funded by Impact on Urban Health, part of Guy’s and St Thomas’ Foundation.

The Health and Wellbeing Trade Up follow on support programme 2021 is a follow on support programme for the graduates for the Health and Wellbeing Trade up Programme 2019. Their projects are all based in Lambeth and/or Southwark boroughs and are addressing childhood obesity or helping to slow the progression from one long-term condition to many, in working age adults. The grant intends to support each organisation to put the learning from a bespoke one to one support programme into practice and allow them the time to step away from the “doing” and think about strategy to lead their organisations. Grants amounting to £60,739 in total were awarded to 8 participants in 2020/21.

Six of the graduates of this programme were also awarded an Evaluation grants totalling £59,468. This grant was to support students to evaluate the impact of their organisations work in line with Impact on Urban Health, part of Guy’s and St Thomas’ Foundation’s objectives addressing childhood obesity or helping to slow the progression from one long-term condition to many, in working age adults in Lambeth and Southwark.

The 7 organisations with awards greater than £5,000 in the year to 31 March 2021 are as below:

Project Name Grant Awarded
FMG Social CIC £24,827
Bankside Open Spaces Trust £20,203
Central Southwark Community Hub £11,942
Self Management UK £15,270
Community Opportunity £7,003
Community Bridges CIC £20,192
Project Dare £15,770

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21

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~~Say hello: 020 7089 9120 offce@sse.org.uk www.the-sse.org 2nd foor, The Fire Station, 139 Tooley Street, London, SE1 2HZ, UK~~

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The School for Social Entrepreneurs - Trustees Annual Report 2020-21