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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 04529622 (England and Wales) REGISTERED CHARITY NUMBER: 1096842

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ROCHDALE EDUCATION AND LEARNING TRUST

Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ

ROCHDALE EDUCATION AND LEARNING TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 13

ROCHDALE EDUCATION AND LEARNING TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023

TRUSTEES M Cockcroft E M Crowther (resigned 1.10.22) P Mann (resigned 1.10.22) D Armitage K Charlton Dr L Bianchi (resigned 31.1.23) P T Owen (appointed 14.11.22) Ms R Dardis (appointed 14.11.22) M Kojder (appointed 1.12.22) REGISTERED OFFICE Edgar Wood Academy Heywood Old Road Heywood Lancashire OL10 2QN REGISTERED COMPANY NUMBER 04529622 (England and Wales) REGISTERED CHARITY NUMBER 1096842 INDEPENDENT EXAMINER Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ

SENIOR STAFF MEMBER E. Metcalfe

Page 1

ROCHDALE EDUCATION AND LEARNING TRUST (REGISTERED NUMBER: 04529622)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims Principle Objectives

As set out in our governing document, it is our aim that our activities deliver benefit for the public by the following:-

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Rochdale Education and Learning Trust is a charitable trust and a company limited by guarantee , as defined by the Companies act 2006. The Trust is governed by its memorandum and articles of association.

Each member's liability is limited to £1 per guarantor. At 31 March 2023 there were 6 members of the charity.

In selecting persons to be appointed as members, the trustees take into account the benefits of appointing a person who is able, by virtue of their personal knowledge or professional qualifications, to make a contribution to the pursuit of the objects or the management of the Charity. Further, in selecting persons to be appointed as members, the trustees take advice from the creative group, which is a group of individuals and representatives who have an interest in the outcome of the trusts' activities. The group provide ideas and suggestions of how the trust should meet its objectives, based on local and national government policies. The trust also discusses with the group, any changes to the structure or management before implementing any changes.

Organisational Structure and Policies

Organisation

The day to day operations are undertaken via the REAL Trust team who are currently working under the pay, conditions and employment of the Early Help and Schools Team within Rochdale Borough Council. However this is done via a full-cost recovery means and all salaries and on-costs for the team are fully recharged back to the REAL Trust. It is envisaged that at some point the REAL Trust may have to establish its independence from Rochdale Borough Council, whilst maintaining a close working relationship, in order that it may utilise its funds to advance its objectives, whilst not undertaking any activities which the local authority is under a statutory duty to provide.

Policies

Reserves policy

At the year ended 31st March 2023, the charity had Total Unrestricted Funds of £273,953, of which £271,673 represented free reserves. The trustees would like to build unrestricted reserves to a level to cover approximately 6 months expenditure should no other funding be available.

Investment policy

The charity's powers of investment are governed by its memorandum and Articles of Association.

The trustees have considered the most appropriate policy for investing funds and have found that a building society or bank deposit account meets their requirement.

Key management remuneration

Key management personnel as defined within the SORP received £80,113 in the year.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate the charity's exposure to major risks.

Page 2

ROCHDALE EDUCATION AND LEARNING TRUST (REGISTERED NUMBER: 04529622)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

ACTIVITIES AND ACHIEVEMENTS

Vision

REAL learning, REAL collaboration, REAL success. Education through encouragement, identification, dissemination and celebration.

Our Business

The Rochdale Education and Learning (REAL) Trust is an award winning company limited by guarantee and a charitable educational trust set up in 2001 by all the schools in Rochdale - nursery, primary, special and secondary. We are an educational Trust working in partnership with the Local Authority (LA) and other providers to provide a 'one stop shop' and brokerage service for all staff's continuing professional development needs. The REAL Trust currently sources, brokers and provides Continuing Professional Development (CPD) for the vast majority of schools in the Borough of Rochdale.

Summary of the Charity's Main Activities Undertaken for Public Benefit

The trustees have had regard to the guidance issued by the Charity Commission on public benefit. Examples of some of the main activities undertaken for the public benefit include the following:-

To encourage, identify, disseminate and celebrate best practice of teaching and educational management:

To promote and manage national strategies for the training and development of schools leaders and managers: - KS1 Writing Moderation Workshop - REAL Trust / Rochdale Borough Council - KS2 Writing Moderation Workshop - REAL Trust / Rochdale Borough Council - HLTA 3 Day Preparation for Assessment - REAL Trust / Concordia - Rolling out training to help staff to support children and young people with their development - Emotional Literacy Support Assistant (ELSA) sessions - REAL Trust / Rochdale Borough Council - Developing Leadership & Expertise in Primary Languages - REAL Trust / Primary Languages Network - Spatial Reasoning Toolkit - EY Maths - REAL Trust

To enable groups of schools to work together on a range of shared activities, e.g. workshops, seminars and conferences: - SENDCo Clusters - REAL Trust / Rochdale Borough Council - Early Careers Teachers (ECT) Welcome Event - REAL Trust - Maths and English Subject Leaders Sessions - REAL Trust - Secondary Subject Network Sessions - REAL Trust / Pioneer Trust To encourage and develop partnerships between schools with identified similar needs: - Cluster training sessions - e.g. Watergrove MAT - Safeguarding Leader Network - Rochdale Borough Council - Attendance Leader Network - Rochdale Borough Council - EAL Hub Network Meetings - Rochdale Borough Council - Designated Teacher Network - Rochdale Borough Council - Designated Safeguarding Leader Network - Rochdale Borough Council To facilitate conferences and seminars throughout the Borough of Rochdale: - ECT Welcome Events - Primary Headteacher Conference (termly) - Annual Leadership Conference for schools To fund small scale curriculum development programmes not covered by national or regional initiatives: - SENDCo Cluster groups - Primary Maths Leaders

Page 3

ROCHDALE EDUCATION AND LEARNING TRUST (REGISTERED NUMBER: 04529622)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

To access funding to support our work:

Summary of the main achievements of the charity during the year

This year has seen the REAL Trust grow and develop once more. From concerns around our venue base last year, we have moved into fabulous new premises which have allowed the Trust to offer a wider range of sessions than ever before. However these premises are time limited and so we are already looking to explore options for when we need to move out once more. We finally resumed face-to-face sessions in early summer but these gained an increased momentum in late September once our training base was set up and established. We continue to offer some online sessions and work both from home (Mondays and Fridays) and in the office Tuesdays, Wednesdays and Thursdays. This has also resulted in some financial savings as we only offer online sessions on a Monday and a Friday so we don't have any refreshment costs and zoom sessions still remain slightly cheaper in most instances than face-to-face sessions. Our new venue has been extremely well received by delegates and trainers alike.

The continued delivery of our training programme using online platforms such as Zoom and Teams continues to be a strength and the hybrid delivery works well as it allows us to run more courses per day than we would be able to do had they all been face-to-face. This has widened our offer to schools and take up remains high.

This year also saw the return of our Annual Conference. Numbers initially seemed slightly lower than usual but after comparing figures to the previous conference in 2019 the numbers were consistent with what they have been previously. This was also after a number of last minute cancellations due to staffing issues in schools and Covid returning in some areas which prohibited people from attending. The conference was extremely well received, a planning group has now been established to prepare for the Nov 2023 event which will hopefully make it as strong, or even stronger than previously.

There have been some staffing issues this year which has made things more of a struggle. This was due to illness and was unavoidable, however on the whole there was no noticeable impact on the provision of the Trust. This was undeniably due, in a significantly large part, to the excellent organisational skills of the team in planning everything so far in advance. It meant that there was still a full programme of events on offer and as such, schools did not notice the issues the team was working through in having a key member off at that time. The struggle was generally around the logistics of managing the office and the day-to-day running and hosting of sessions, however the team member is now back and so the team is once more working at full capacity.

At the end of the summer 2022 some of our long-serving trainers retired and so we had to find new colleagues to deliver some of our key sessions. We are delighted that this has been a successful transition and our new trainers have been very well received. They have enabled us to breathe some new life into sessions and to offer alternative and new sessions for our schools, particularly around the areas of Governance and Special Educational Needs. Feedback from these sessions has been extremely positive and requests for further sessions has helped us to ensure that our programmes continues to be based around identified need as specified by our schools. We have offered a good range of sessions this year but need to ensure that we remain in budget as next year may not bring in as much funding as we had originally anticipated.

Financial Review / Future Plan

The Head of REAL Trust continues to maintain the additional work of the Finance Officer. Once again, there has been an underspend in training this year which has helped to maintain our financial reserves. However due to the increased work in secondary Multi-Academy Trusts (MATs) in relation to training there are a number of secondary schools who will not be re-subscribing in 2023/24. This will undoubtedly have a financial impact on us and so we will need to plan our future sessions quite carefully in order to ensure we remain within budget. It may be that as we move forwards the remaining secondary schools choose not to buy back in and so this will result in us becoming a primary based training provider . In one respect that would work well as it would be less complicated but it would also reduce our income and so it will need looking at in order to avoid any impact on the team and our future provision. Our financial reserves are still healthy and we will look to maintain these over the coming year.

Page 4

ROCHDALE EDUCATION AND LEARNING TRUST (REGISTERED NUMBER: 04529622)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Accounts continue to be reconciled on a monthly basis and there have been no concerns or queries and Sage continues to work well as our accounting software system. Once again we have accessed limited support from our accountancy colleagues at Wyatt Morris Golland Ltd as there has not been a need for anything detailed during the year. Termly training budgets have all come in either under our predicted levels of spend, this is in part due to cancellations or postponements of some sessions but also because costs have been reduced due to sessions being delivered online.

We have begun to once again host some occasional external meetings on site so these help to generate some income for administration and refreshments. Similarly we have had quite a few external school course bookings again so that has worked in our favour.

We have had two more new Trustees join us recently who are keen to support us and provide challenge where necessary. Attendance at Trustee meetings is good and our meetings are now alternating between face-to-face an online, but it has been nice to get together once more and welcome our Trustees to our new training base.

Online banking, BACS payments and the correct use of SAGE ensure that all our accounts are as up-to-date as they can be and the Head of REAL trust has an accurate figure of the finances at the touch of a button. This allows us to make much quicker decisions relating to finances and adapt our spending accordingly. All invoices continue to be settled in a timely manner and debts are regularly chased.

As we move into the new financial year, the Trust does so in a positive and optimistic manner but this year also with a note of caution. The concerns around secondary school subscriptions do need addressing and a careful eye will need to be maintained on our provision costs We have begun exploring options around offering online compliance type sessions that could be recorded and accessed by schools on demand. This is still in its very early stages and we are awaiting more information from Rochdale Borough Council who will hold the main licence for the software. However this may be something that we could use to generate extra income, particularly from non-subscribing schools. We will be looking into this in more detail over the coming months.

As ever, we have continued to work hard to get the best value for money for our schools and Trustees, ensuring that our financial monitoring and spend have been rigorously adhered to whilst also striving to support our planned goal of the six month salary expenditure as a safety net should the Trust cease to exist at any point in the near future.

2023/24 will once again bring us new challenges as we look to shape our delivery over the next year and address the issues around secondary school involvement, but 2022/23 has been a good year for us generally. As ever as we move towards the new financial year we are keen to develop our new ways of delivering our training programme to schools and look forwards to catching up with our colleagues and stakeholders face-to-face once more, as we continue to increase and develop our provision and work to ensure that the REAL Trust remains a desirable and essential training provider for schools in the Rochdale borough and beyond.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 4 July 2023 and signed on its behalf by:

M Cockcroft - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ROCHDALE EDUCATION AND LEARNING TRUST

Independent examiner's report to the trustees of Rochdale Education And Learning Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Patricia Richards FCA DChA

Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ

4 July 2023

Page 6

ROCHDALE EDUCATION AND LEARNING TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

2023
Unrestricted
Restricted
Total
fund
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
24,694
-
24,694
Charitable activities
Charitable activities
296,859
-
296,859
Total
321,553
-
321,553
EXPENDITURE ON
Charitable activities
3
Promotion of best practice teaching and educational
management
321,758
-
321,758
NET INCOME/(EXPENDITURE)
(205)
-
(205)
RECONCILIATION OF FUNDS
Total funds brought forward
274,158
-
274,158
TOTAL FUNDS CARRIED FORWARD
273,953
-
273,953		 2022
Total
funds
£
5,749
272,106
277,855
290,036
(12,181)
286,339
274,158

The notes form part of these financial statements

Page 7

ROCHDALE EDUCATION AND LEARNING TRUST (REGISTERED NUMBER: 04529622)

BALANCE SHEET 31 MARCH 2023

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
11
2,280
-
CURRENT ASSETS
Debtors
12
3,860
-
Cash at bank and in hand
285,094
-
288,954
-
CREDITORS
Amounts falling due within one year
13
(17,281)
-
NET CURRENT ASSETS
271,673
-
TOTAL ASSETS LESS CURRENT LIABILITIES
273,953
-
NET ASSETS
273,953
-
FUNDS
15
Unrestricted funds
TOTAL FUNDS		 2023
Total
funds
£
2,280
3,860
285,094
288,954
(17,281)
271,673
273,953
273,953
273,953
273,953		 2022
Total
funds
£
-
28,855
309,065
337,920
(63,762)
274,158
274,158
274,158
274,158
274,158

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 4 July 2023 and were signed on its behalf by:

M Cockcroft - Trustee

The notes form part of these financial statements

Page 8

ROCHDALE EDUCATION AND LEARNING TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared on a going concern basis. The trustees are aware of the need to ensure that adequate funding is received before any expenditure is committed. The business plan, including financial budgets, have been prepared incorporating this principle.

Income

Grants receivable and school subscription fees are credited to the Statement of Financial Activities (SOFA) in the year for which they are received. Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Cost are allocated on a basis considered appropriate by the trustees having regard to the activity.

Intangible asset - website

Amortisation was being provided to write off the cost of the website over it's expected life of 5 years from 1st April 2017.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 50% on cost Fixtures and fittings - 20% on cost Computer equipment - 20% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 9

ROCHDALE EDUCATION AND LEARNING TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

2. DONATIONS AND LEGACIES

Contributions and donations
3.
CHARITABLE ACTIVITIES COSTS
Promotion of best practice teaching and
educational management
4.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Accommodation
Training fees
Telephone
Postage, stationery and advertising
Computer software support
Sundries
Conference Costs
Subscriptions
Office repairs and renewals
Depreciation
5.
SUPPORT COSTS
Promotion of best practice teaching and
educational management
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Independent examination
Depreciation - owned assets
Website amortisation		 Direct
Costs (see
note 4)
£
317,287		 2023
2022
£
£
24,694
5,749
Support
costs (see
note 5)
Totals
£
£
4,471
321,758
2023
2022
£
£
163,265
152,287
8,569
8,833
106,435
98,396
702
582
2,179
1,363
4,334
5,185
2,531
770
18,464
-
9,216
15,523
384
-
1,208
3,635
317,287
286,574
Governance
costs
£
4,471
2023
2022
£
£
4,471
3,462
1,208
-
-
3,635

continued...

Page 10

ROCHDALE EDUCATION AND LEARNING TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

8. STAFF COSTS

2023
£
Wages and salaries
135,307
Social security costs
11,713
Other pension costs
16,245
163,265
The average monthly number of employees during the year was as follows:
2023
Management and administration staff
3
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
2023
£60,001 - £70,000
1		 2022
£
129,395
10,647
12,245
152,287
2022
3
2022
-

Staff are seconded from Rochdale MBC and costs are met by the Trust. Vat is charged on the staff costs and included in the figures above.

9.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
5,749
Charitable activities
Charitable activities
272,106
Total
277,855
EXPENDITURE ON
Charitable activities
Promotion of best practice teaching and
educational management
290,036
NET INCOME/(EXPENDITURE)
(12,181)
RECONCILIATION OF FUNDS
Total funds brought forward
286,339
TOTAL FUNDS CARRIED FORWARD
274,158		 Restricted
funds
£
-
-
-
-
-
-
-		 Total
funds
£
5,749
272,106
277,855
290,036
(12,181)
286,339
274,158

continued...

Page 11

ROCHDALE EDUCATION AND LEARNING TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

10. INTANGIBLE FIXED ASSETS

10. INTANGIBLE FIXED ASSETS
Website
£
COST
At 1 April 2022 and 31 March 2023 18,183
AMORTISATION
At 1 April 2022 and 31 March 2023 18,183
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -
11. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£ £ £ £
COST
Additions 1,700 649 1,139 3,488
DEPRECIATION
Charge for year 850 130 228 1,208
NET BOOK VALUE
At 31 March 2023 850 519 911 2,280
At 31 March 2022 - - - -
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 360 26,184
Prepayments 3,500 2,671
3,860 28,855
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Accruals and deferred income 17,281 63,762
14. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 7,500 -

The lease payments relate to the rental of the facilities used by the charity. The lease is reviewed on an annual basis.

continued...

Page 12

ROCHDALE EDUCATION AND LEARNING TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS		 Net
movement
At
At 1.4.22
in funds
31.3.23
£
£
£
274,158
(205)
273,953
274,158
(205)
273,953
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
321,553
(321,758)
(205)
321,553
(321,758)
(205)
Net
movement
At
At 1.4.21
in funds
31.3.22
£
£
£
286,339
(12,181)
274,158
286,339
(12,181)
274,158
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
277,855
(290,036)
(12,181)
277,855
(290,036)
(12,181)

16. RELATED PARTY DISCLOSURES

The charity has a very close relationship with Rochdale Local Authority as staff are seconded to the charity, and printer facilities are used. However, the salary and printing costs incurred are totally funded by the trust.

Related party transactions included in the accounts are £1,900 included in "Donations and Contributions" in relation to course fees. There is also £6,500 included in deferred income in respect of income received towards a Real Trust conference in 2023/24.

Page 13