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2021-03-31-accounts

NTENTS
Page
Trustees'
Report (including
Directors'		 Report and Strategic Report) 1 -11
Statement oftrustees'
responsibilities		 12
Independent
auditor's
report		 13 - 15
Consolidated
Statement ofFinancial		 Activities 16 - 17
Consolidated
and Charitable
Company		 Balance Sheets 18
Consolidated
Statement ofCash Flows		 19
Notes to the financial statements 20 - 33

Trustees,
who are also the di
ture
ofthe financial statements,		 rectors for the
were:		 purpose
of company
Paul Armstrong
Helen Burge (Appointed 24 March 2021)
Matthew
Burrell
Matthew
Clements-Wheeler		 (Resigned 13November 2020)
Jonathan
Goatee		 (Appointed 25 March 2021)
Gary Corban
Alison Jefferson
Stephen
Lester MBE		 (Appointed 28 July 2020)
Josephine
Marchant
Rachel Prince (Resigned 20 November 2020)
Stephen
Rayner		 (Appointed 24 March 2021)
Yvonne Spencer
Trevor Summerson
Sandy Tomlinson (Appointed 23 September 2020)
Michael White (Appointed 24 March 2021)

Yearended
31
Period ended December
Unrestricted Designated 31March 2021 2019
Notes Funds Funds Total Funds Total Funds
f f
Donations
and legacies		 3 11,213 11,213
income from charitable activities:
Charitable
activities		 4 288,217 288,217 266,349
Income from other trading activities:
Other trading activities 5 644,133 948,465 1,592,598 2,244,140
Investments 6 1,196 1,196 1,890
Total income 944,759 948,465 1,893,224 2,512,379
E~df
Expendilure
on charitable		 activities:
Charitable
activities		 8 691,314 29,154 720,468 652,999
Expenditure
from alber trading aciivitiss:
Other trading
activities		 10 473,746 738,436 1,212,182 1,729,776
Total expenditure 1,165,060 767,590 1,932,650 2,382,775
Net incoming/(outgoing) resources before
transfers (220,301) 180,875 (39,426) 129,604
Gross transfers
between		 funds 196,692 (196,692)
Net incomei(expenditure) forthe periodi
Net movement
in funds		 (23,609) (15,817) (39,426) 129,604
Funds balances at 01 January 2020 338,002 15,817 353,819 224,215
Funds balances at 31 March 2021 314,393 314,393 353,819

Year ended 31
December
Prior financial year Unrestricted Designated 2019
Notes Funds Funds Total Funds
6 f 6
Ilail f
Income from charitable activities:
Charitable
activities		 266,349 266,349
Income from other trading activities:
Other trading
activities		 915,135 1,329,005 2,244,140
investments 1,890 1,890
Total income 1,183,374 1,329,005 2,512,379
~Ed%
Expenditure
on chan'table		 activities:
Charitable
activities		 653,831 (832) 652,999
Expenditure
from other trading activities:
Other trading
activities		 10 653,999 1,075,777 1,729,776
Total expenditure 1,307,830 1,074,945 2,382,775
Net incomingl(outgoing) resources before
transfers (124,456) 254,060 129,604
Gross transfers
between		 funds 261,034 (261,034)
Net income/(expenditure) for the year/
Net movement
in funds		 136,578 (6,974) 129,604
Funds balances at 01 January 2019 201,424 22,791 224,215
Funds balances at 31 December 2019 338,002 15,817 353,819

Notes 2021 2019
6
Cash flows from operating activities
Cash generated
from		 operations 26 4,842 254,220
Investing activities
Purchase oftangible fixed assets 15 (2,160) (10,060)
Interest received 6 1,196 1,890
Net cash generated from/(used in) investing activities (964) (8,170)
Net increase in cash and cash equivalents 3,878 246,050
Cash and cash equivalents at beginning ofperiod 698,758 452,709
Cash and cash equivalents at end of period 27 702,636 698,759

3 Donations and legacies Unrestricted Designated Period ended 31 Year ended 31
Funds Funds March 2021 December 2019
6 6
Grants receivable for core activities 11,213 11,213
Forthe year ended 31December 2019
Grants receivable for core activities
Coronavirus Job Retention Scheme Grant 11,213 11,213
4 Charitable activities Conference Other Period ended 31 Year ended 31
Memberships and Training activities March 2021 December 2019
6 6 6 6
Membership income 284,430 284,430 263,497
Conference income 371
Training
income		 (400)
Consultancy income 3,787 3,787 2,824
Other income 57
284,430 3,787 288,217 266,349
Forthe year ended 31December 2019
Membership income 263,497 263,497
Conference income 371 371
Training
income		 (400) (400)
Consultancy income 2,824 2,824
Other income 57 57
263,497 371 2,481 266,349
5 Other trading activities Unrestricted Designated Period ended 31 Year ended 31
Funds Funds March 2021 December 2019
6 6 6 5
income from trading activities 644,133 948,465 1,592,598 2,243,995
Website income 145
644,133 948,465 1,592,598 2,244,140
For the year ended 31 December 2019 915,135 1,329,005 2,244,140
6 Investments Unrestricted Designated Period ended 31 Year ended 31
Funds Funds March 2021 December 2019
6 5 6
Interest receivable 1,196 1,196 1,890
For the year ended 31 December 2019 1,890 1,890

7 Expenditure Expenditure Period ended 31 Year ended 31
StaffCosts Premises Costs Other Costs March 2021 December 2019
8 6
Expenditure on charitable activities:
Charitable activities 467,708 13,404 239,356 720,468 652,999
Total expenditure 467,708 13,404 239,356 720,468 652,999
Prior financial year
Expenditure on charitable activities:
Charitable activities 376,537 13,581 262,881 652,999
Total expenditure 376,537 13,581 262,881 652,999
8 Charitable activities Conference Other Period ended 31 Year ended 31
Memberships and Training Activities March 2021 December 2019
6 6 K 6 6
Conference expenses 467 467
Training costs (11,562) (11,562) (1,132)
Marketing 23,248 1,995 25,243 31,056
Special Interest Group costs 297 297 1,721
Otherexpenses 1,823
23,248 (9,100) 297 14,445 33,468
Share ofsupport costs (see note
9) 660,443 8,793 669,236 584,817
Share ofgovernance costs (see
note 9) 36,304 483 36,787 34,714
719,995 (9,100) 9,573 720,468 652,999
Analysis
by		 fund
Unrestricted Funds 719,995 (38,254) 9,573 691,314
Designated Funds 29,154 29,154
719,995 (9,100) 9,573 720,468
Forthe year ended 31December 2019
Unrestricted Funds 644,335 181 9,315 653,831
Designated Funds (832) (832)
643,503 181 9,315 652,999

Support Costs Support Governance Period ended 31 Period ended 31 Year ended 31
costs costs March 2021 December 2019
6 6 f
Staffcosts 467,708 467,708 376,537
Staff training
and other		 staff costs 2,828 2,828 2,990
Depreciation 33,436 33,436 25,658
Rent and service charge costs 43,169 43,169 38,973
Premises costs 13,404 13,404 13,581
Associate Practitioner costs (7,067) (7,067) (460)
Travel and subsistence costs 2,306 2,306 7,563
Computer
and website		 costs 58,629 58,629 41,750
Oflice costs 26,850 26,850 32,062
Bad debt write offand provision 16,595
VAT Partial exemption 24,972 24,972 23,496
Trustee expenses 150 150 2,623
Bank and finance charges 2,651 2,651 3,449
Charitable
Donations		 200 200
Audit fees 7,000 7,000 11,675
Legal and professional costs 22,721 22,721 15,035
Governance
costs		 7,066 7,066 8,004
669,236 36,787 706,023 619,531
Governance
costs include		 fees paid to the Auditors for audit services
in relation to the Charitable		 Company. Audit services
in
relation to the Trading Subsidiary are included within Expenditure from trading activities (Note 10below).
Other trading activities Unrestricted Designated Period ended 31 Year ended 31
Funds Funds March 2021 December 2019
6 6 6 f
Expenditure
from trading		 activities 473,746 738,436 1,212,182 1,729,776
Forthe year ended 31 December 2019 653,999 1,075,777 1,729,776
Net movement
in funds		 Period ended 31 Year ended 31
March 2021 December 2019
Net movement
in funds		 is stated after charging/(crediting): 6 E
Depreciation
ofowned		 tangible fixed assets 6,106 3,794
Amorlisation
ofintangible		 assets 27,330 21,864
Operating
lease charges		 41,756 30,683
Audit ofthe charitable group's annual accounts 8,950 11,175

13 Employees Employees
Number ofemployees Period ended 31 Year ended 31
March 2021 December 2019
The average
monthly		 number ofemployees during the period was: Number Number
Direct charitable
and		 support staff 14
Employment
Costs		 (Group) Pediod ended 31 Year ended 31
March 2021 December 2019
f
Wages and salaries 618,299 482,657
Social security costs 59,930 46,934
Other pension costs 61,903 50,896
740,132 580,487
Employment
Costs (Charity)		 Period ended 31 Year ended 31
March 2021 December 2019
6 6
Wages and salaries 385,135 310,641
Social security costs 37,686 30,936
Other pension costs 44,887 34,960
467,708 376,537
The number ofemployees whose remuneration for the period was f60,000or more were: Period ended 31 Year ended 31
March 2021 December 2019
F70,001 - 680,000
f90,001 - 6100,000
6130,001 - f140,000
Contributions
for the period		 totalling 627,863 (2019:F11,144)were made to defined contribution pension schemes on behalf of
employees
whose emoluments		 exceed 660,000.
14 Intangible assets Software Total
Group and Charity f 6
Cost
At 01 January 2020 and 31 March 2021 109,322 109,322
Amortisation
At 01 January 2020 43,729 43,729
Amortisation
charge for the		 period 27,330 27,330
At 31 March 2021 71,059 71,059
Net book value
At 31 March 2021 38,263 38,263
At 31 December 2019 65,593 65,593

ES TO THE FINANCIAL STATEMENTS
THE 15MONTH PERIOD ENDED 31MARCH		 2021
Tangible assets Fixtures and Computers Total
Fittings
Group and Charity 6
Cost
At 01January 2020 38,686 15,557 54,243
Additions 2,160 2,160
Disposals (21,825) (677) (22,502)
At 31 March 2021 16,861 17,040 33,901
Depreciation
At 01 January 2020 36,180 6,419 42,599
Depreciation
charge for the period		 1,824 4,282 6,106
Disposals (21,825) (677) (22,502)
At 31 March 2021 16,179 10,024 26,203
Net book value
At 31 March 2021 682 7,016 7,698
At 31 December 2019 2,506 9, 'I 38 11,644

Debtors Group Charity
2021 2019 2021 2019
f 6 6
Trade debtors 152,122 239,052 540 4,936
Amounts
owed by group undertakings		 23,302
Other debtors 214,546 436,573 55,358
Prepayments and accrued income 56,863 44,216 22,989 17,010
423,531 719,841 46,831 77,304
Creditors: amounts falling due within one year Group Charity
2021 2019 2021 2019
6 6 f
Other taxation and social security 66,244 114,540 28,130 13,959
Deferred income (see Note 19) 390,228 370,073 97,055 97,848
Trade creditors 125,262 172,405 31,673 15,529
Amounts
owed to group undertakings		 202,771 280,009
Other creditors 8,827 6,101 8,827 6,101
Accruals 267,174 478,899 16,661 47,975
857,735 1,142,018 385,117 461,421

21 Designated
Funds (continued)		 Designated
Funds (continued)		 At 01 January January Incoming Incoming Resources At 31 March At 31 March
2020 resources expended Transfers 2021
Charity f
Training - SRMA Supply (29,154) 29,154
Training - Clerking
Programme		 (32,076) 32,076
(32,076) (29,154) 61,230
At 01January Incoming Resources At 31 December
2019 resources expended Transfers 2019
Charity 6 6 f 6 6
Training - SRMA (Pilot Scheme) 4,170 (4,170)
Training - SEA Grant 833 (833)
Training - Clerking
Programme		 (32,076) (32,076)
(27,906) 833 (5,003) (32,076)
Description ofDesignated Funds:
Training - SRMA (Pilot Scheme) relates to funds received towards the DfE School Efficiency Advisor Pilot.
Training
- SRMA Induction		 & Accreditation relates to funds received in conjunction
with the		 contract awarded to ISBLfrom
DIE to induct and underlake all accreditation of School Resource Management Advisers
(SRMAs).
Training - SRMA Deployment relates to funds received in conjunction with the contract awarded to ISBLby DfE to supply
and
manage SRMAs deployments.
Training
- Clerking
Programme		 relates to funds received,
in conjunction		 with another
organisation		 (Confederation of School
Trusts) to deliver training
and		 accreditation to School Clerks.
Training - DfE - ICFP Contract relates to funds received,
in conjunction		 with the contract awarded by DfE to ISBL,to develop
and deliver workshops
and webinars		 on ICFP which commenced
from		 November 2019.
2 Analysis of net assets between funds Unrestricted Designated Period ended 31
Funds Funds March 2021
Group 6 6 6
Fund balances at 31 March 2021 are represented by:
Intangible assets 38,263 38,263
Tangible assets 7,698 7,698
Current assetsl(liabilities) 268,432 268,432
314,393 314,393
Unrestricted
Designated		 Year ended 31
Funds Funds December 2019
Group 6 6 6
Fund balances at 31 December 2019 are represented by:
Intangible assets 65,593 65,593
Tangible assets 11,644 11,644
Current assets/(liabilities) 260,765 15,817 276,582
338,002 15,817 353,819

OR THE 15MONTH PERIOD ENDED 31MA RC H 2021
22 Analysis ofnet assets between funds (cont'd) Unrestricted Designated Period ended 31
Funds Funds March 2021
Chadity 6 6 6
Fund balances at 31 March 2021 are represented by:
Intangible assets 38,263 38,263
Tangible assets 7,698 7,698
Fixed Asset Investments 1 1
Current assets/(liabilities) (60,479) (60,479)
(14,517) (14,517)
Unrestricted Designated Year ended 31
Funds Funds December 2019
Charity 6 6 6
Fund balances at 31 December 2019are represented by:
Intangible assets 65,593 65,593
Tangible assets 11,644 11,644
Fixed Asset Investments 1 1
Current assets/(liabilities) (104,506) (32,076) (136,582)
(27,268) (32,076) (59,344)

Operating
lease commitments
Lessee
At the reporting
end date the charitable
group
had outstanding
cancellable
operating
leases, which fall due as follows:		 commitments
for future
minimum
lease payments		 under
non-
Group and charity Other
2021 2019
Expiry date: 6 f
Within one year 34,401 32,963
Between two and five years 76,289 114,378
110,690 147,341

OR THE 15MONTH PERIOD END ED 31M ARCH 2021
24 Related party transactions
Remuneration
of key management		 personnel Period ended 31 Year ended 31
March 2021 December 2019
The remuneration
of key management		 personnel isas follows: E E
Aggregate
compensation		 255,492 187,988

26 Cash generated
from/(absorbed		 by) operations by) operations 2021 2019
Group 6
(Deficit)/surplus
for the period		 (39,426) 129,604
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (1,196) (1,890)
Amortisation
and impairment
of		 intangible assets 27,330 21,864
Depreciation
and impairment
oftangible gxed assets		 6,106 3,794
Movements
in working
capital:
Decrease/(increase)
in debtors		 296,310 (366,774)
(Decrease)fincrease
in creditors		 (284,282) 467,622
Cash generated
from operations		 4,842 254,220
27 Analysis ofcash and cash equivalents
Group		 2021
6		 2019
f
Cash in hand and at bank 702,636 698,759
Total cash and cash equivalents 702,636 698,759