2022-08-31-accounts - Confederation Of School Trusts

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NTENTS
			Page
Trustees' Report (including Directors' Report and Strategic Report)		1	- 5
Statement ofTrustees' Responsibilities
Independent Auditor's Report		7	- 9
Consolidated Statement of Financial Activities		to	-11
Consolidated and Charitable Company	Balance Sheets	12
Consolidated Statement ofCash Flows		13
Notes to the Financial Statements		14	- 29

Governing Document, Company Status and Co	Governing Document, Company Status and Co	nstitution
The Confederation ofSchool Trusts is constituted		as a company limited	by guarantee		and a registered	chariity.	It is governed	by its
Memorandum and Articles ofAssociation (as revised in 2018)and was incorporated				on	3December 2004.
The Trustees, who are also the Directors for the purpose ofcompany law,			and who	served since the commencement			ofthe year	were:
Robert McDonough	Chair
Roy Blackwall	Vice Chair
Jacqueline Russell	Chair ofFinance (appointed 1 October 2021)
lan Bauckham CBE	(Resigned	08 February 2022)
Susan Douglas CBE	(Appointed	30September 2022)
Lorrayne Hughes
Sir Martyn Oliver	(Resigned	02 December 2022)
Sir Hamid Petal CBE
Stephen Snelson
Luke Sparkes
Pamela Tuckett	(appointed	1 September 2020)
Edward Vainker OBE	(Appointed	30September 2022)
Pamela Wright OBE

							Yearended
						Year ended 31	31August
				Unrestricted	Restricted	August2022	2021
			Notes	Funds	Funds	Total Funds	TotalFunds
Ilail f				6	6	f	f
Donations and legacies				2,200		2,200
Income from charilsble	activities:
Chaditable activities			2	543,620		543,620	600,880
Income fiom other trading		activities:
Other trading activities			3	1,582,154		1,582,154	711,732
Investments			4	1,534		1,534	2,304
Other Income			5	8,399		8,399
Total income				2,137,907		2,137,907	1,314,916
~Ed Ig
Expenditure on raising funds:
Trading activities			6	1,086,726		1,086,726	440,594
Expenditure on chantsble		activities:
Charitable activities			7	722,835		722835	577 767
Total expenditure				1,809,561		1,809,561	1,018,381
Net incoming/(outgoing)		resources before
transfers				328,346		328,346	296,535
Gross transfers between		funds
Net income/(expenditure)		for the year/
Net movement in funds				328,346		328,346	296,535
Funds balances at 01 September 2021				940,447		940,447	643,912
Funds balances at 31August 2022				1,268,793		1,268,793	940,447

FOR THE YEAR E	N	DED 31AUGUST 2	021
						Year ended
						31August
Prior financial year				Unrestricted	Restricted	2021
			Notes	Funds	Funds	Total Funds
					6	6
Income from charitable	activities:
Charitable activities				388,130	212,750	600,880
Income from other trading		activities:
Other trading activities				711,732		711,732
Investments				2,304		2,304
Total income				1,102,166	21 2,750	1,314,916
~E* Cht
Costs ofraising funds:
Fundraising activities				440,594		440,594
Expenditure on chan'table		actiia'Iles:
Charitable activities				297,129	280,658	577,787
Total expenditure				737,723	280,658	1,018,381
Net incoming/(outgoing)		resources before
transfers				364,443	(67,908)	296,535
Gross transfers between		funds
Net income/(expenditure)		for the year/
Net movement in funds				364,443	(67,908)	296,535
Funds balances at 01 September 2020				576,004	67,908	643,912
Funds balances at 31	August 2021			940,447		940,447

			Group	Charity	Group	Charity
		Notes	2022	2022	2021	2021
			f		f	f
Fixed assets
Intangible assets		11			1,508
Tangible assets		12	9,867	6,592
Fixed Asset Investments		13		1
			9,867	6,593	1,508
Current assets
Debtors		15	282,577	171,221	191,404	53,743
Current asset investments		16	170,000	170,000	170,000	170,000
Cash at bank and in	hand	27	1,527,916	1,202,038	1,383,059	912,338
			1,980,493	1,543,259	1,744,463	1,136,081
Creditors: amounts	falling due within one year	17	(721,567)	(426,178)	(805,524)	(299,945)
Net current assets			1,258,926	1,117,081	938,939	836,136
Net assets			1,268,793	1,123,674	940,447	836,137
Income funds
Restricted funds		20
Unrestricted funds		21
General funds			416,733	271,614	196,577	92,267
Designated funds			852,060	852,060	743,870	743,870
			1,268,793	1,123,674	940,447	836,137

				Notes	2022	2021
					6	6
Cash flows from operating activities
Cash generated from operations				26	154,604	572,989
Investing	activities
Purchase	of intangible assets			11		(1,508)
Purchase	oftangible fixed assets			12	(11,281)
Proceeds	on disposal ofinvestments			16		130,988
Interest received				4	1,534	2,304
Net cash	generated from/(used	in) investing		activities	(9,747)	131,784
Net increase in cash and cash		equivalents			144,857	704,773
Cash and	cash equivalents at beginning		ofyear		1,383,059	678,286
Cash and	cash equivalents at end of		year	27	1,527,916	1,383,059

1	Donations and legacies	Donations and legacies	Unrestricted	Restricted	Year ended 31	Year ended 31
			Fundsf	Funds f	August 2022 f	August 2021 f
	Donations and gifts		2,200		2,200
2	Charitable activities			Governance	Year ended 31	Year ended 31
			Membershipsf	Leadership f	August 2022 f	August 2021 f
	Membership income		543,620		543,620	387,790
	Training income					213,090
			543,620		543,620	600,880
	Forthe year ended	31August 2021
	Membership income		387,790			387,790
	Training income			213,090		213,090
			387,790	213,090		600,880
3	Other trading activities		Unrestricted	Restricted	Year ended 31	Year ended 31
			Funds f	Funds f	August 2022 f	August2021 f
	Income from trading	activities	1,582,154		1,582,154	711,732
	For the year ended 31August 2021		711,732			711,732
4	Investments		Unrestricted	Restricted	Year ended 31	Year ended 31
			Funds	Funds	August 2022	August 2021
			f	f	f	f
	Interest receivable		1,534		1,534	2,304
	For the year ended 31August 2021		2,304			2,304
5	Other Income		Unrestricted	Restdicted	Year ended 31	Year ended 31
			Funds f	Funds f	August 2022 f	August 2021 f
	Other Income		8,399		8,399

OR	THE YEAR ENDED 3	THE YEAR ENDED 3	1AUGUST 2022
6	Trading activities			Unrestricted	Restricted
				Funds	Funds	2022	2021
				6	6		f
	~Fd ii	pal
	Expenditure	from trading operations		1,086,726		1,086,726	440,594
	For the year	ended 31August 2021		440,594		440,594
?	Charitable	activities		Member	Governance	Year ended 31	Year ended 31
				Services	Leadership	August 2022	August2021
					6
	Staff costs			467,822		467,822	344,628
	Other staff costs			12,407		12,407	1,206
	Depreciation			958		958
	Bursaries			4,923		4,923
	Travel and meeting costs			22,046		22,046	(2,165)
	Programme	costs					144,164
	Insurance			3,289		3,289	3,392
	Office costs			26,766		26,766	23,185
	Computer costs			21,818		21,818	17,800
	Virtual teaming platform			11,898		11,898
	Promotional	and marketing	costs	19,456		19,456	3,027
	Professional	fees		124,549		124,549	36,138
	Governance	costs		6,250		6,250	6,250
	Bank charges			653		653	162
				722,835		722,835	577,787
	Prior financial year
	Staff costs			208,134	136,494		344,628
	Other staff costs			1,206			1,206
	Travel and meeting costs			(2,165)			(2,165)
	Programme	costs			144,164		144,164
	Insurance			3,392			3,392
	Office costs			23,185			23,185
	Computer costs			17,800			17,800
	Promotional	and marketing	costs	3,027			3,027
	Professional	fees		36,138			36,138
	Governance	costs		6,250			6,250
	Bank charges			162			162
				297,129	280,658		577,787

									Member	Governance	Governance	Governance	Year ended 31	Year ended 31	Year ended 31
									Services	Leadership				August 2022	August 2021
												6		6	f
	Analysis by fund
	Unrestricted Funds								722,835					722,835
	Forthe year ended 31August			2021
	Unrestricted Funds								297,129						297,129
	Restricted Funds										280,658				280,658
									297,129		280,658				577,787
	Description ofcharitable		activities
	Member Services
	Membership income and	related		services connected			to assisting		and administering		memberships.
8	Net movement in funds												Year ended 31		Year ended 31
														August 2022	August 2021
	Net movement in funds is		stated	atter	charging/(crediting):									6	6
	Operating lease charges													320	320
	Audit ofthe charitable	group's		annual	accounts									6,250	6,250
9	Trustees
	None ofthe Trustees (or any persons				connected	with	them)	received any		remuneration		from	the	charity during	the year.
									2022			2022		2021	2021
	Trustee reimbursed expenses:								No			6		No	6
	Travelling and Subsistence		Costs						6		3,624				2,355.00

10	Employees	Employees
	Number ofemployees										Year ended 31		Year ended 31
												August 2022		August 2021
	The average monthly	number ofemployees			(including		directors)	during	the year was:			Number		Number
	Directors											11		11
	Leadership Team											6		4
	Membership Team											8		4
	Training and Conference		Services Team									4		2
												18		10
	Employment Costs (Group)										Year ended 31		Year ended 31
												August 2022		August 2021
												6		E
	Wages and salaries Social security costs											510,784 37,313		277,407 18,865
	Other pension costs											50,464		30,187
												598,561		326,459
	Employment Costs	(Charity)									Year ended 31		Year ended 31
												August2022 f		August2021 f
	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	660,000or more were:			Year ended 31		Year ended 31
												August 2022		August2021
	660,001 - 570,000													1
	670,001 - 580,000											1
	5100,001 - 5f10,000											1		1
	Contributions for the	year totalling 517,935			(2021; F17,030) were made to defined					contribution		pension schemes		on behalf of
	employees whose emoluments			exceed 560,000.
11	Intangible assets Group											Websitef		Total 6
	Cost
	At 01 September 2021											1,508		1,508
	Disposals											(1,508)		(1,508)
	At 31 August 2022
	Amortisation
	At 01 September 2021 and 31			August 2022
	Net book value
	At 31 August 2022
	At 31August 2021											1,508		1,508

12	Tangible assets	Tangible assets													Computers	Total
	Group														8	8
	Cost
	At 01 September		2021
	Additions														11,281	11,281
	At 31August	2022													11,281	11,281
	Depreciation
	At 01 September		2021
	Depreciation	charge for the year													1,414	1,414
	At 31August	2022													1,414	1,414
	Net book value
	At 31August	2022													9,867	9,867
13	Fixed Asset	Investments
															Subsidiary	Total
															undertakings
	Charity														8
	Cost
	At 01 September		2021	and	31 August 2022
	Depreciation
	At 01 September		2021	and	31August 2022
	Net book value
	At 31August	2021 and		31 August		2022
	The charitable		company		holds	1 share	of St each		in	its	wholly	owned	trading	subsidiary	company,	CST Professional
	Development	Limited, which is incorporated						in the United	Kingdom.			These are	the only shares allotted, called			up and fully paid.
	The activities	and results ofthis company					is	summarised	in	note 25.
14	Financial instruments											Group			Charity
											2022			2021	2022	2021
												F.		f	f	8
	Carrying amount offinancial assets
	Instruments	measured		at fair value through				SOFA			170,000		170,000		170,000	170,000
15	Debtors											Group			Charity
											2022f			2021 8	2022 f	2021 f
	Trade debtors										243,446		150,460		116,105	46,525
	Amounts owed by group undertakings														43,173
	Other debtors										22,905		34,569		1,188	1,134
	Prepayments	and accrued			income						16,226		6,375		10,755	6,084
											2&2,577		191,404		171,221	53,743

16	Current	asset investments	asset investments	asset investments		Group		Charity
						2022	2021	2022	2021
						f		E	f
	Fixed term deposits					170,000	170,000	170,000	170,000
17	Creditors: amounts			falling	due within one year	Group		Charity
						2022	2021	2022	2021
						E	f	f	f
	Trade creditors					29,715	25,590	21,052	11,636
	Other taxation and		social security			19,197	78,639	9,389	19,313
	Deferred	income (see Note 18)				627,527	662,531	382,848	249,531
	Amounts	owed to group undertakings							1,914
	Other creditors					10,088	10,297	10,088	10,297
	Accruals					35,040	28,467	2,801	7,254
						721,567	805,524	426,178	299,945
18	Deferred	income				Group		Chadity
						2022	2021	2022	2021
						E	f		f
	Arising from charitable activities					382,848	249,531	382,848	249,531
	Adising from trading			activities		244,679	413,000
						627,527	662,531	382,848	249,531
	Deferred	income is		included	in the financial statements	as follows:
						Group		Charity
						2022	2021	2022	2021
						E	f	E	f
	Deferred	income at		01 September		662,531	196,559	249,531	190,794
	Resources deferred			during the Year		627,527	662,531	382,848	249,531
	Amounts	released	from previous Year			(662,531)	(196,559)	(249,531)	(190,794)
	Deferred	income at		31 August		627,527	662,531	382,848	249,531

Restricted	Funds
			At 01	Incoming	Resources		At	31August
			September 2020	resources	expended	Transfers		2021
Group			f	f	6	f
Governor	Leadership	Programme	67,908	212,750	(280,658)
			At 01	Incoming	Resources		At	31August
			September 2020	resources	expended	Transfers		2021
Charity				6	6
Governor	Leadership	Programme	67,908	212,750	(280,658)

Unrestricted	Funds		At 01 September 2021	At 01 September 2021	Incoming resources	Resources expended	Transfers	At 31August 2022
Group					f		f
General Funds				196,577	2,137,907	(1,804,639)	(113,112)	416,733
Designated	Funds
Contingency	and Development		Fund	668,870			113,112	781,982
Governance	Development	Fund		75,000		(4,922)		70,078
				940,447	2,137,907	(1,809,561)		1,268,793
Group			At 01 September 2020 f		Incoming resources f	Resources expended f	Transfers f	At 31August 2021
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
Charity			At 01 September 2021		Incoming resourcesf	Resources expended f	Transfers f	At 31August 2022
General Funds				92,267	1,010,370	(717,913)	(113,112)	271,612
Designated	Funds
Contingency	and Development		Fund	668,870			113,112	781,982
Governance	Development	Fund		75,000		(4,922)		70,078
				836,137	1,010,370	(722,835)		1,123,672
Charity				At 01 September 2020 f	Incoming resources f	Resources expended	Transfers f	At 31August 2021
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

Analysis ofnet	assets between	assets between	funds					Unrestricted	Restricted	Year ended 31	Year ended 31
Group								Fundsf	Funds f		August 2022 f
Fund balances at 31		August 2022	are represented			by:
Tangible assets								9,867			9,867
Current assets/(liabilities)								1,258,926			1,258,926
								1,268,793			1,268,793
								Unrestricted	Restricted	Year ended 31
Group								Fundsf	Funds f		August 2021 f
Fund balances at 31		August 2021	are represented			by:
Intangible assets								1,508			1,508
Current assets/(liabilities)								871,031	67,908		938,939
								872,539	67,908		940,447
								Unrestricted	Restriicted	Year ended 31
Charity								Funds f	Funds f	August2022 f
Fund balances at 31		August 2022	are represented			by:
Tangible assets								6,592			6,592
Fixed Asset Investments								1			1
Current assets/(liabilities)								1,117,080			1,117,080
								1,123,673			1,123,673
								Unrestricted	Restriicted	Year ended 31
Charity								Funds f	Funds f		August2021 f
Fund balances at 31		August 2021	are represented			by:
Fixed Asset Investments								1			1
Current assets/(liabilities)								768,227	67,908		836,135
								768,228			836,136
Operating lease	commitments
Lessee
At the reporting	end	date the charitable		group	had outstanding		commitments	for future minimum	lease payments		under non-
cancellable operating		leases, which fall due as			follows:
Group and charity									Other
									2022		2021
Expiry date:									f		f
Within one year									9,500		324
Between two and	five years								320		378
									9,820		702

OR	THE YEAR ENDED 31	AUGUS	T 2022
24	Related party transactions
	Remuneration ofkey management		personnel			Year ended 31	Year ended 31
						August 2022	August 2021
	The remuneration of key management		personnel	is as follows:		6	f
	Aggregate compensation					358,601	266,206
	Key management personnel	includes	the senior	management	team and trustees.	Trustees are not remunerated	for their role in
	the charitable company.

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 of		the subsidiary			company	alone is:		Year ended 31		Year	ended 31
										August 2022		August 2021
											8		6
Turnover											1,286,789		441,559
Cost ofsales											634,874		153,711
Gross profit											651,9'I5		287,848
Administrative expenses											291,060		194,026
Operating profit											380,855		93,822
Interest receivable	and	similar	income
Profit on ordinary	activities		before taxation								360,855		93,622
Tax on profit
Profit on ordinary	activities		after taxation								360,855		93,822
Distributions to parent charity			under gift	aid							360,855		93,822
The assets and liabilities of			the subsidiary		were:						2022		2021
											8		6
Fixed assets											2,771
Current assets											200,802		462,429
Current liabilities											(203,572)	(462,428)
Total net assets
The wholly owned	subsidiary,		National	Teacher Accreditation				Ltd, is incorporated		in England	and Wales (company		number
08650911).
The summary financial		performance of		the subsidiary			company	alone is:		Year ended 31		Year	ended 31
										August 2022 f		August 2021 f
Turnover											295,365		270,173
Administrative expenses											244,749		203,967
Operating profit											50,616		66,206
Interest receivable	and	similar	income
Surplus on ordinary activities before				taxation							50,816		66,206
Tax on surplus											9,808		12,293
Surplus on ordinary activities after taxation											40,808		53,913
The assets and liabilities of			the subsidiary		were:						2022		2021
													f
Fixed assets											504		1,508
Current assets											279,606		156,039
Current liabilities											(134,990)		(53,237)
Total net assets											145,120		104,310

OR	THE YEAR ENDED 31AUG	THE YEAR ENDED 31AUG	UST 2022	UST 2022	UST 2022
26	Cash generated from/(absorbed Group		by) operations				2022 6	2021 f
	Surplus for the year						328,346	296,535
	Adjustments for:
	Investment income recognised in		statement		offinancial	activities	(1,534)	(2,304)
	Depreciation and impairment oftangible			fixed assets			1,414
	Write offof intangible	fixed asset					1,508
	Movements in working	capitaL.
	(Increase)/decrease	in debtors					(91,173)	(25,489)
	(Decrease)/decrease	in creditors					(83,957)	304,246
	Cash generated from	operations					154,604	572,988
27	Analysis ofcash and Group	cash equivalents					2022 f	2021
	Cash in hand and at bank						1,527,916	1,383,059
	Bank overdraft
	Total cash and cash	equivalents					1,527,916	1,383,059