2021-08-31-accounts - Confederation Of School Trusts

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Trustees and Directors	Trustees and Directors	Trustees and Directors
Robert McDonough				Chair
Roy Blackwall				Vice Chair
Jacqueline Russell				Chair - Finance
lan Bauckham	CBE
Lorrayne Hughes
Martyn Oliver
Sir Hamid Petal
Stephen Snelson
Luke Sparkes
Pamela Tuckett
Pamela Wright	OBE
Officers
Leora Cruddas				Chief Executive Officer
Stephen Rollett				Deputy Chief Executive Officer
Clare Robson-Farrelly				Chief Operating Officer &			Company		Secretary
Gary Howard				Chief Financial Officer
Joanna Johnson				Senior Administrative		Officer
Phillippa Scott				Administrative Officer
Megan Graham				Administrative Officer
Tins Dilks				Administrative Officer
Coiinne Lakin				Administrative Officer
Charis Evans				CST Professional	Devlopment			Limited Director
Rukia Shaffi				CST Professional	Devlopment			Limited Senior Officer
Josephine Fallon				CST Professional	Devlopment			Limited Administrative		Officer
Caroline Whitty				NTA Executive Director &			Trust	Editor
Helen Dowling				NTA Senior Administrative			Officer
Charity number				1107640
Company number				05303863
Principal address		and registered	office	Suite 10,Whiteley	Mill	Offices
				39 Nottingham Road
				Stapleford
				Nottinqham NG9	8AD
Auditor				Dains LLP
				15 Colmore Row
				Birmingham B32BH
Bankers				Lloyds Bank Pic
				39 Threadneedle	Street
				London EC2R 8AU
				Clydesdale Bank	Pic
				Business Direct
				40 StVincent PLace
				Glasqow G1 2HL
Solicitors				Stone King LLP
				Boundary House
				91 Charterhouse	Street
				London EC1M 6HR

NTENTS
			Page
Trustees' Report (including Directors' Report and Strategic Report)		1	—	4
Statement oftrustees' responsibilities
Independent auditor's report		6	-	8
Consolidated Statement ofFinancial Activities		9	-to
Consolidated and Charitable Company	Balance Sheets
Consolidated Statement ofCash Flows		12
Notes to the financial statements		13	—	28

FOR THE YEAR E	N	DED 31AUGUST 2	021
							Year ended
						Year ended 31	31 August
				Unrestricted	Restricted	August 2021	2020
			Notes	Funds	Funds	Total Funds	Total Funds
I~i				8		f	6
Income from charitable	activities:
Charitable activities			2	388,130	212,750	600,880	408,888
Income from other trading		activities:
Other trading activities			3	711,732		711,732	389,753
Investments				2,304		2,304	6,030
Other Income							5,900
Total income				1,102,166	212,750	1,314,916	810,571
~Edit
Expenditure on raising funds:
Trading activities			6	440,594		440,594	254,541
Expenditure on charitable		activities:
Chaditable activities			7	297,129	280,658	577,787	520,400
Total expenditure				737,723	280,658	1,018,381	774,941
Net incoming/(outgoing)		resources before
transfers				364,443	(67,908)	296,535	35,630
Gross transfers between		funds
Net income/(expenditure)		for the year/
Net movement in funds				364,443	(67,908)	296,535	35,630
Funds balances at 01 September 2020				576,004	67,908	643,912	608,282
Funds balances at 31	August 2021			940,447		940,447	643,912

						Yearended
Prior financial year				Unrestricted	Restricted	31August 2020
			Notes	Funds	Funds	Total Funds
flit f				f	6	8
Income from charitab/e	activities:
Charitable activities				233,388	175,500	408,888
Income from other trading		activities:
Other trading activities				389,753		389,753
Investments				6,030		6,030
Other Income				5,900		5,900
Total income				635,071	175,500	810,571
~Edit
Costs ofraising funds:
Fundraising activities				254,541		254,541
Expenditure on charitable		activities:
Charitable activities				344,223	176,177	520,400
Total expenditure				598,764	176,177	774,941
Net incoming/(outgoing)		resources before
transfers				36,307	(677)	35,630
Gross transfers between	funds
Net incomei(expenditure)		for the year/
Net movement in funds				36,307	(677)	35,630
Funds balances at 01 September 2019				539,697	68,585	608,282
Funds balances at 31August 2020				576,004	67,908	643,912

						Notes	2021	2020
							6	8
Cash flows from operating			activities
Cash generated from		operations				26	572,989	204,961
Investing	activities
Purchase Proceeds	of intangible on disposal	assets ofinvestments				11 16	(1,508) 130,988	130,925
Interest received						4	2,304	6,030
Net cash	generated	from/(used		in) investing		activities	131,784	136,955
Net increase in cash		and cash		equivalents			704,773	341,916
Cash and	cash equivalents at		beginning		ofyear		678,286	336,370
Cash and	cash equivalents		at	end of	year	27	1,383,059	678,286

OR	THE YEAR END	THE YEAR END	ED 31AUGUST 2021
2	Charitable activities				Governance	Year ended 31	Year ended 31
				Memberships	Leadership f	August 2021 8	August 2020 6
	Membership	income		388,130		388,130	233,388
	Training income				212,750	212,750	175,500
				388,130	212,750	800,880	408,888
	For the year	ended	31August 2020
	Membership	income		233,388			233,388
	Training income				175,500		175,500
				233,388	175,500		408,888
3	Other trading activities			Unrestricted	Restricted	Year ended 31	Year ended 31
				Funds	Funds	August 2021	August 2020
				8			f
	Income from	trading	activities	711,732		711,732	389,753
				711,732		711,732	389,753
	For the year	ended 31 August 2020		389,753			389,753
4	Investments			Unrestricted	Restricted	Year ended 31	Year ended 31
				Funds	Funds	August 2021	August 2020
					8	6	f
	interest receivable			2,304		2,304	6,030
	Forthe year	ended 31 August 2020		6,030			6,030
5	Other Income			Unrestricted	Restricted	Year ended 31	Year ended 31
				Funds	Funds	August 2021	August 2020
				f		f	6
	Other Income						5,900
	Adminstration	recharges
							5,900
	For the year	ended	31August 2020	5,900			5,900

6	Trading activities			Unrestricted	Restricted
				Funds	Funds	2021	2020
	FFdi Fl Ng			6	6		6
	Expenditure from trading	operations		440,594		440,594	254,541
	For the year ended 31 August 2020			254,541		254,541
7	Charitable activities		Member	Governance		Year ended 31	Year ended 31
			Services 6	Leadership 6	Clerking 6	August 2021 F.	August 2020 6
	Staff costs Other stafff costs Travel and meeting costs Programme costs Insurance Office costs Computer costs Promotional and marketing Professional fees Governance costs Bank charges	costs	208,134 1,206 (2,165) 3,392 23,185 17,800 3,027 36,138 6,250 162	136,494 144,164		344,628 1,206 (2,165) 144,164 3,392 23,185 17,800 3,027 36,138 6,250 162	211,899 10,380 20,888 155,434 2,599 24,004 16,124 14,866 61,740 2,000 466
			297,129	280,658		577,787	520,400
	Prior financial year
	Staff costs Other stafff costs Travel and meeting costs Programme costs Insurance Office costs Computer costs Promotional and marketing Professional fees Governance costs Bank charges	costs	191,156 10,380 20,888 2,599 24,004 16,124 14,866 61,740 2,000 466	20,418 146,659	325 8,775		211,899 10,380 20,888 155,434 2,599 24,004 16,124 14,866 61,740 2,000 466
			344,223	167,077	9,100		520,400

Charitable	activities (continued)	Member	Governance		Year ended 31	Year ended 31	Year ended 31
		Services 6	Leadership	Clerking 6	August 2021		August 2020 f
Analysis by fund Unrestricted Funds		297,129				297,129
Restricted	Funds		280,658			280,658
		297,129	280,658			577,787
For the year ended 31 August 2020 Unrestricted Funds Restricted Funds		344,223	167,077	9,100			344,223 176,177
		344,223	167,077	9,100			520,400

with the institute of School Busin	ess Leadership.
Net movement in funds Net movement in funds is stated	after charging/(crediting):	Year ended 31 August 2021	Year ended 31 August 2020 f
Operating lease charges Audit ofthe charitable group's	annual accounts	320 6,250	320

Employees
Number ofemploye	es						Year ended 31	Year ended 31
							August 2021	August 2020
The average monthly	number		ofemployees	during		the year was:	Number	Number
Management and administration
Office staff
Training and conference		services
							10
Employment Costs	(Group)						Year ended 31	Year ended 31
							August 2021	August 2020
Wages and salaries							387,748	220,127
Social security costs							37,313	18,865
Other pension costs							50,464	30,187
							475,525	269,179
Employment Costs	(Charity)						Year ended 31	Year ended 31
							August 2021	August 2020
							E	E
Wages and salaries							278,631	172,632
Social security costs							26,248	13,631
Other pension costs							39,749	25,636
							344,628	211,899
The number ofemployees		whose remuneration			for	the year was E60,000 or more were:	Year ended 31	Year ended 31
							August 2021	August 2020
E60,001 - E70,000							1
E80,001 - E90,000								1
E100,001 - 6110,000							1

Intangible assets	Website	Total
Group		E
Cost
At 01 September 2020
Additions	1,508	1,508
At 31August 2021	1,508	1,508
Amortisation
At 01 September 2020 and 31 August 2021
Net book value
At 31 August 2021	1,508	1,508


Tangible assets	Computers	Total
Group
Cost
At 01 September 2020	440	440
Disposals	(440)	(440)
At 31 August 2021
Depreciation
At 01 September 2020	440	440
Disposals	(440)	(440)
At 31 August 2021
Net book value
At 31 August 2020 and 31 August 2021

Fixed Asset Investments
	Subsidiary	Total
	undertakings
Charity	6
Cost
At 01 September 2020 and 31August 2021
Depreciation
At 01 September 2020 and 31August 2021
Net book value
At 31 August 2020 and 31 August 2021	1	1

14	Financial	instruments	instruments			Group		Charity
						2021	2020	2021	2020
						6	f	f	6
	Carrying	amount of		financial assets
	instruments		measured	at fair value through	SOFA	170,000	300,988	170,000	300,988
15	Debtors					Group		Charity
						2021	2020	2021	2020
						6			6
	Trade debtors					150,460	123,397	46,525	55,076
	Other debtors					34,569	28,817	1,134	1,134
	Prepayments		and accrued income			6,375	12,212	6,084	5,303
						191,404	164,426	53,743	61,513

16	Current	asset investments	asset investments	asset investments			Group		Charity
							2021	2020	2021	2020
							8	8	8
	Fixed term deposits						170,000	300,988	170,000	300,988
17	Creditors: amounts			falling		due within one year	Group		Charity
							2021	2020	2021	2020
	Trade creditors						25,590	6,012	11,636	4,759
	Other taxation and		social security				78,639	31,159	19,313	10,005
	Deferred	income (see		Note		18)	662,531	403,273	249,531	190,794
	Amounts	owed to group undertakings							1,914	1,486
	Other creditors						10,297	7,112	10,297	7,112
	Accruals						28,467	52,232	7,254	8,580
							805,524	499,788	299,945	222,736
18	Deferred	income					Group		Charity
							2021	2020	2021	2020
								8		f
	Arising from charitable			activities			249,531	190,794	249,531	190,794
	Arising from trading		activities				413,000	212,479
							662,531	403,273	249,531	190,794
	Deferred	income is included				in the financial statements	as follows
							Group		Charity
							2021	2020	2021	2020
							8		r.	8
	Deferred	income at 01 September					403,273	5,157	190,794
	Resources deferred		during		the Year		662,531	403,273	249,531	190,794
	Amounts	released	from previous Year				(403,273)	(5,157)	(190,794)
	Deferred	income at 31August					662,531	403,273	249,531	190,794

OR	THE YE	THE YE	AR ENDE	D 31AUG	UST 2021
20	Restricted		Funds		At 01	Incoming	Resources		At	31 August
	Group				September 2020 6	resources	expended	Transfers 9		2021 f
	Governor		Leadership	Programme	67,908	212,750	(280,658)
					67,908	212,750	280,658
					At 01	Incoming	Resources		At	31 August
					September 2019	resources	expended	Transfers		2020
	Group				f	8		9		6
	Governor		Leadership	Programme	68,585	166,400	(167,077)			67,908
	Clerking	Programme				9,100	(9,100)
					68,585	175,500	176,177			67,908
					At 01	Incoming	Resources		At	31 August
	Charity				September 2020 6	resources 8	expended	Transfers		2021 f
	Governor		Leadership	Programme	67,908	212,750	(280,658)
					67,908	212,750	(280,658)
					At 01 September 2019	Incoming resources	Resources expended	Transfers	At	31August 2020
	Charity				f	9	6
	Governor		Leadership	Programme	68,585	166,400	(167,077)			67,908
	Clerking	Programme				9,100	(9,100)
					68,585	175,500	(178,177)			67,908

Unrestricted	Funds			At 01	Incoming	Resources		At 31August
				September 2020	resources	expended	Transfers	2021
Group				6		6	6	f
General Funds				176,004	1,102,166	(737,723)	(343,870)	196,577
Designated	Funds
Contingency	and Development		Fund	400,000			268,870	668,870
Governance	Development	Fund					75,000	75,000
				576,004	1,102,166	(737,723)		940,447
				At 01	Incoming	Resources		At 31 August
				September 2019	resources	expended	Transfers	2020
Group				f	6	8		6
General Funds				139,697	635,071	(598,764)		176,004
Designated	Funds
Contingency	and Development		Fund	400,000				400,000
				539,697	635,071	(598,764)		576,004
				At 01	Incoming	Resources		At 31 August
				September 2020	resources	expended	Transfers	2021
Charity						8		6
General Funds				125,607	607,659	(297,129)	(343,870)	92,267
Designated	Funds
Contingency	and Development		Fund	400,000			268,870	668,870
Governance	Development	Fund					75,000	75,000
				525,607	607,659	(297,129)		836,137
				At 01	Incoming	Resources		At 31 August
			September 2019		resources	expended	Transfers	2020
Charity				f	6
General Funds				101,448	368,382	(344,223)		125,607
Designated	Funds
Contingency	and Development		Fund	400,000				400,000
				501,448	368,382	(344,223)		525,607

OR	THE Y	EAR ENDED 31AUG	EAR ENDED 31AUG	UST 2021
22	Analysis	of net assets between		funds		Unrestricted	Restricted	Year ended 31
						Funds	Funds	August2021
	Group					f		f
	Fund balances		at 31 August 2021	are represented	by:
	Intangible assets					1,508		1,508
	Current	assets/(liabilities)				938,939		938,939
						940,447		940,447
						Unrestricted	Restricted	Year ended 31
						Funds	Funds	August2020
	Group						6	6
	Fund balances		at 31August 2020	are represented	by:
	Current	assets/(liabilities)				576,004	67,908	643,912
						Unrestricted	Restricted	Year ended 31
						Funds	Funds	August 2021
	Charity					6	f	f
	Fund balances		at 31 August 2021	are represented	by:
	Fixed Assetlnvestments					1		1
	Current	assets/(liabilities)				836,135		836,135
						836,136		836,136
						Unrestricted	Restricted	Year ended 31
						Funds	Funds	August2020
	Charity						6
	Fund balances		at 31August 2020 are represented		by:
	Fixed Asset Investments					1		1
	Current	assets/(liabilities)				525,605	67,908	593,513
						525,606	67,908	593,514

At the reporting end date the charitable group had outstanding cancellable operating leases, which fall due as follows;	commitments for future minimum lease payments u	nder non-
Group and charity	Other
	2021	2020
Expiry date:	6	6
Within one year	324	324
Between two and five years	702	1,026
	1,026	1,350

The fallowing related	party transactions	party transactions	were approved	during the year.
During the year CST	Professional	Development	Limited	made the following	payments	to Confederation		ofSchool Trusts:
				2021		2020
Administration and accounting services				109,592	26,479
Charitable donation				93,822	83,920
During the year CST	Professional	Development	Limited	made the following	reimbursements		to Confederation		of School Trusts
for costs incurred on	the company's	behalf;
				2021		2020
Conference costs				1,090
Insurance				1,346
Travel and consultants	expenses			331		5,385

			2021	2020
Leadership	team costs		43,510	35,949
Administrator	costs		25,651	22,439
Communications Officer costs			4,456	4,578
Oversight and administration		services	16,572	15,660
Accountancy	services		4,548	4,200
Office, IT and communication		costs	2,346	2,377
Insurance			1,795	1,273
Trust journal				920

Subsidiaries
The wholly owned	subsidiary,		CST Professional		Development		Limited,	is incorporated	in England	and Wales (company		number
10354936)and pays		all of its taxable surpluses			to the	parent charitable		company as a	distribution	under gift aid.
The summary financial performance ofthe subsidiary						company	alone	is:	Year ended 31		Year	ended 31
									August 2021		August 2020
												E
Turnover										441,559		167,028
Cost ofsales										153,711		54,972
Gross profit										287,848		112,056
Administrative expenses										194,026		28,136
Operating profit										93,822		83,920
Interest receivable	and similar		income
Profit on ordinary		activities	before taxation							93,822		83,920
Tax on profit
Profit on ordinary		activities	after taxation							93,822		83,920
Distributions to parent charity			under gift aid							93,822		83,920
The assets and liabilities of			the subsidiary	were:						2021		2020
										E		E
Fixed assets
Current assets										462,429		236,619
Current liabilities										(462,428)		(236,618)
Total net assets										1		1

The wholly owned	subsidiary,	subsidiary,	National	National	Teacher	Teacher	Accreditation	Ltd,	is incorporated	in England	and Wales (company	and Wales (company	number
08650911).
The summary financial		performance		of	the subsidiary		company	alone	is:	Year ended 31		Year	ended 31
											August 2021	August 2020
											E		E
Turnover											270,173		222,725
Administrative expenses											203,967		207,740
Operating profit											66,206		14,985
Interest receivable	and similar		income
Surplus on ordinary		activities before			taxation						66,206		14,985
Tax on surplus											12,293		2,837
Surplus on ordinary		activities after taxation									53,913		12,148
The assets and liabilities ofthe subsidiary						were:					2021		2020
											E		E
Fixed assets											1,508
Current assets											156,039		92,318
Current liabilities											(53,237)		(41,921)
Total net assets											104,310		50,397

OR	THE YEAR ENDED 31AU	THE YEAR ENDED 31AU	GUST 2021	GUST 2021
26	Cash generated from/(absorbed		by) operations		2021	2020
	Group				8	6
	Surplus for the year				296,535	35,631
	Adjustments for:
	Investment income (Increase)/decrease Increase/decrease	recognised in debtors in creditors	in statement	offinancial activities	(2,304) (26,978) 305,736	(6,030) (62,477) 237,837
	Cash generated from operations				572,989	204,961
27	Analysis ofcash and cash equivalents				2021	2020
	Group				f	f
	Cash in hand and at	bank			1,383,059	678,286
	Bank overdraft
	Total cash and cash	equivalents			1,383,059	678,286