2023-03-31-accounts - Institute Of School Business Leadership

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Legal and Administrative Information
Trustees' Report (including Directors' Report and Strategic Report)
Statement oftrustees' responsibilities
Independent auditor's report		12
Consolidated Statement of Financial Activities		16
Charity and Consolidated Balance Sheets		18
Consolidated Statement of Cash Flows		19
Notes to the financial statements		20


Trustees	and Directors		Paul Armstrong
			Debra Beater
			Nigel Brunning
			Helen gurge
			Matthew Burrell
			Cheryl Campbell
			Jonathan Coates
			Gary Corban	Chair	of Finance
			Wendy Farrier
			Alison Jefferson	Resigned 03 November		2022
			Luci Jones
			Stephen Lester	Chair	ofTrustees
			Ben March
			Stephen Rayner
			Yvonne Spencer
			Trevor Summerson	Resigned 29September		2022
			Sandy Tomlinson	Resigned 12April 2023
			Michael White	Resigned 31May 2022
Chief Executive			Stephen Morales
Company	Secretary		Stephen Morales
Charity number			1114623
Company	number		3425492
Principal	address and registered	offfce	Highdown House
			11Highdown Road
			Leamington Spa
			CV311XT
Auditor			UHY Hacker Young (Birmingham)		LLP
			9 - 11Vittoria Street
			Birmingham
			813ND
Bankers			The Royal Bank ofScotland	pic
			757Attercliffe Road
			Sheffield
			593RF

					Notes	Unrestricted	Designated	2023	2022
						Funds	Funds	Total Funds	Total Funds
							E	E
Incoming from:
Donations and legacies
Income from charitable	activities:				4	201,176		201,176	224,910
Charitable activities
Income from other trading activities:					5	1,033,618	1,066,839	2,100,457	1,561,757
Other trading activities
Investments						1,662		1,662	237
Total income						1,236,456	1,066,839	2,303,295	1,786,904
Expenditure on:
Expenditure on charitable		activities:
Charitable activities					7	859,985		859,985	723,916
Expenditure from other	trading activities:
Other trading activities					10	476,455	1,028,532	1,504,987	1,168,195
Total expenditure						1,336,440	1,028,532	2,364,972	1,892,111
Net incoming/(outgoing) transfers		resources	before			(99,984)	38,307	(61,677)	(105,207)
Gross transfers between		funds			21	38,307	(38,307)
Net expenditure for the funds		year/Net	movement	in		(61,677)		(61,677)	(105,207)
Funds balances at 31March 2022						209,186		209,186	314,393
Funds balances at 31March 2023						147,509		147,509	209,186

					Notes	Unrestricted	Designated	2022
PRIOR FINANCIAL YEAR						Funds	Funds	Total Funds
							f
Incoming from:
Donations and legacies
Income from charitable	activities:					224,910		224,910
Charitable activities
Income from other trading activities:						796,594	765,163	1,561,757
Other trading activities
Investments						237		237
Total Income						1021,741	7661661706004
Expenditure on:
Expenditure on charitable		activities:
Charitable activities						723,916		723,916
Expenditure from other trading activities:
Other trading activities					10	486,327	681,868	1,168,195
Total expenditure						1210,240	601,0001002111
Net incoming/(outgoing) transfers		resources before				(188,502)	83,295	(105,207)
Gross transfers between		funds			21	83,295	(83,295)
Net expenditure forthe funds	year/Net		movement	in		(105,207)		(105,207)
Funds balances at 31March 2021						314,393		314,393
Funds balances at 31March 2022						200 106		209,186

INSTITUTE OF SCHOOL BUSINESS LEADERSHIP {ACompany limited by Guarantee)	INSTITUTE OF SCHOOL BUSINESS LEADERSHIP {ACompany limited by Guarantee)	INSTITUTE OF SCHOOL BUSINESS LEADERSHIP {ACompany limited by Guarantee)	INSTITUTE OF SCHOOL BUSINESS LEADERSHIP {ACompany limited by Guarantee)	INSTITUTE OF SCHOOL BUSINESS LEADERSHIP {ACompany limited by Guarantee)									18
CHARITY AND CONSOLIDATED BAlANCE SHEETS FOR					THE		YEAR ENDED 31MARCH 2023
				Notes				Group		Charity		Group	Charity
								2023		2023		2022	2022
												E
Fixed assets
Intangible assets					14			54,490		54,490		68,402	68,402
Tangible assets					15			630		630		2,994	2,994
Fixed asset investments					16					1			1
								55,120		55,121		71,396	71,397
Current assets
Debtors					17		1,022,784			47,406		402,988	95,416
Cash at bank and in	hand				27			415,936		241,490		689,612	268,932
							1,438,720			288,896	1,092,600		364,348
Creditors: amounts	falling	due within one year			18		(1,346,331)		{?64,334)		(954,810)		(365,985)
Net current assets/{liabilities)								92,389		24,562		137,790	(1,637)
Total assets less current liabilities								147,509		79,683		209,186	69,760
Net assets								147,509		79,683		209,186	69,760
Income funds
Unrestricted funds
Other unrestricted	funds							147,509		79,683		209,186	69,760
Designated funds					21			147,00079,000				109,106	69760
The charitable company		is entitled	to the exemption		from the			audit requirement contained				in section 477 of the
Companies Act 2006, for the year ended 31March 2023,						although		an audit has been carried			out under section 151of
the Charities Act 2011. No member			of the charitable			company		has deposited		a notice,	pursuant to		section 476,
requiring an audit ofthese financial statements				under	the		requirements ofthe Charities Act				2011.

			Notes	2023	2022
				E	E
Cash flows from operating	activities
Cash (used in)/generated	from operations		26	(275,338)	56,300
Investing activities
Purchase oftangible fixed	assets		15
Purchase ofintangible assets			14		(69,561)
Interest received			6	1,662	237
Net cash generated/(used	in) investing	activities		1,662	(69,324)
Net decrease in cash and cash equivalents				(273,676)	(13,024)
Cash and cash equivalents	at beginning	ofperiod	27	689,612	702,636
Cash and cash equivalents	at end ofperiod			415,936	689,612
Cash per balance sheet				415,936	689,612

3	Donations and legacies
				Unrestricted	Designated	2023	2022
				funds	funds
					f	f	f
	Grants receivable for core activities
	Foryear ended 31March	2023
4	Chadtable activities			Memberships	Other activities	2023	2022
				f		f	f
	Membership income			187,738		187,738	211,886
	Conference income
	Training income
	Consultancy income				2,600	2,600	6,852
	Other income				10,838	10,838	6,172
				187730	13438	201176	224910
	Priorjfnancial year
	Membership income			211,886			211,886
	Conference income
	Training income				6,852		6,852
	Consultancy income				6,172		6,172
				211086	13,024		224,910
5	Other trading activities			Unrestricted funds	Designated funds	2023	2022
				f	f	f	f
	Income from trading activities			1,033,618	1,066,030	2 100,457	1,561,757
	Forthe year ended 31March 2022			796,594	765,163		1,561,757
6	Investments			Unrestricted	Designated	2023	2022
				funds	funds
				f	f	f	f
	Interest receivable			1,662		1,662	237
	Forthe year ended 31March 2022			237			237
7	Expenditure		Staff Costs	Premises Costs	Other Costs	2023	2022
						f	f
	Expenditure on charitable	activies
	Charitable activities		390,109	42,911	426,965	859,985	723,916
	Forthe year ended 31March 2022		456 405	40,274	227,237		723,916

Charitable	activities		Member	Conference &	Other
			ships	training	activities	2023	2022
			E	E	E	E	E
Training costs							2,297
Marketing							13,404
							15,701
Share ofsupport costs (see note 9)			840,011			840,011	659,480
Share ofgovernance		costs (see note 9)	19,974			19,974	64,436
			859,985			859,985	723,916
Analysis by fund
Unrestricted	funds		859,985			859,985	723,916
Designated	funds
			859,985			859,985	723,916
For the period ended		31March 2022
Unrestricted	funds		723,916				723,916
Designated	funds
			723,916				723,916

Other activities
General charitable activities undertaken		by the organisation.
Suppoftcosts				Governance
			Support costs	costs	2023	2022
				E	E	f
Staff costs			390,109		390,109	456,405
Staff training and other	staff costs		470		470	2,297
Depreciation			16,276		16,276	27,728
Operating lease charges			24,947		24,947	39,173
Premises costs			881		881	1,101
Travel and subsistence	costs		6,118		6,118	3,200
Computer and website	costs		31,356		31,356	49,819
Office costs			22,401		22,401	31,020
VAT partial exemption			23,411		23,411	25,406
Trustee expenses			59		59	733
Bank and finance charges			4,637		4,637	6,200
Loss on disposal ofassets						16,398
GovNet support fees			273,168		273,168
Audit fees				8,800	8,800	8,925
Legal and professional	costs			11,174	11,174	55,511
GovNet Profit Share			46,178		46,178
			840,011	19,974	859,985	723,916

10	Other trading activities											Unrestricted Designated	Unrestricted Designated	Unrestricted Designated	Unrestricted Designated	Unrestricted Designated
														funds		funds		2023	2022
														f			f.	f	f
	Expenditure from trading	activities (see note 25)												476,455	1,028,532			1,504,987	1,168,195
	Forthe year ended 31March			2022										468,327		681,868			1,168,196
11	Net movement in funds																	2023	2022
																		f	f
	Net movement in funds is	stated after charging/(crediting):
	Depreciation ofowned tangible fixed assets																	2,364	4,704
	Amortisation ofintangible	assets																13,912	23,024
	Operating lease charges																	24,947	39,173
	Audit ofthe group's annual		accounts															8,800	8,950
12	Trustees
	None ofthe Trustees (or any			persons connected				with		them)		received any remuneration from						the charity	during the
	period, but two ofthem were			reimbursed		a total		off332 (2022:					f732)for travelling			and subsistence expenses (2022:
	2were reimbursed).
	During the period, directors		5 Lester, M		Burrell,			P Armstrong,				S	Rayner, I Coates,		A Jefferson,			H Burge and G Corban
	had access to free attendance			at the National			Conference				at	a	cost of f525 each;			J Marchant		and 5 Tornlinson had
	access to free attendance		to	part of the		National			Conference				at a total cost of			f775.	The	f4,975 of	conference
	expenses have been included			in the cost	ofthe National					Conference				(2022:f4,470).
13	Employees
	Number ofemployees
	The average monthly number			ofemployees		during the				period		was:						2023	2022
																		Number	Number
	Direct charitable and support			staff														9	12
	Employment costs (Group)																	2023 f	2022 f
	Wages and salaries																	307,795	361,918
	Social security costs																	30,651	36,152
	Other pension costs																	37,052	41,834
																		375,498	439,904
	Employment costs (Charity)																	2023	2022
																		f	f
	Wages and salaries																	199,010	272,002
	Social security costs																	17,347	26,806
	Other pension costs																	23,812	35,467
																		240,169	334,275
	The number ofemployees	whose annual			remuneration					was	f60,000or more were:
																		2023	2022
	f60,001 -f70,000																	1
	f70,001 -f80,000
	f90,001 -f100,000
	f100,001 - f110,000																	1	1

14	Intangible assets Group and Charity												Software f	Total f
	Cost
	As at 1April 2022												69,561	69,561
	Additions
	Disposals
	As at 31March 2023												69,561	69,561
	Amortisation
	As at 1April 2022												1,159	1,159
	Amortisation charge	for the	period										13,912	13,912
	Disposals
	At 31March 2023												15,071	15,071
	Net book value
	As at 1April 2022												68,402	68,402
	At 31March 2023												54,490	54,490
15	Tangible assets
	Group and Charity									Fixtures	Ik
										Fittings		Computers		Total
											f			E
	Cost
	At01April 2022									16,861			17,040	33,901
	Additions
	At 31March 2023									16,861			17,040	33,901
	Depreciation
	At 01April 2022									16,856			14,051	30,907
	Depreciation charge	for the	period								5		2,359	2,364
	At 31March 2023									16,861			16,41D	H, 271
	Net book value
	At 31March 2022										5		2,989	2,994
	At 31March 2023												630	630
16	Fixed asset investments
	The charity holds 1share of		f1 in its wholly owned trading					subsidiary		company,		158L	Trading 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 are summarised			in	note		25.
17	Debtors								Group				Charity
									2023	2022			2023	2022
									f		f		E	E
	Trade debtors						543,277			180,817			11,305	250
	Amounts owed lo group undertakings													82,329
	Other taxation and social security												12,730
	Other debtors						433,200			195,819
	Prepaymenls and accrued income							46,307		26,352			23,371	12.837
							1,022,784			402,988			47,406	95,416

(A Company Limited by Guarantee)	(A Company Limited by Guarantee)	(A Company Limited by Guarantee)	(A Company Limited by Guarantee)	(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR					THE YEAR			ENDED 31MARCH			2023 (cont'd)
18	Creditors: amounts falling due within			one year					Gmup			Charity
									2023 f		2022 f	2023 f			2022f
	Other taxation and social security								78,734		67,952	11,126			14,934
	Deferred income (see Note 19)								493,867		395,140	66,251			79,158
	Trade creditors								26,462		167,590	4,311			26,696
	Amounts owed by group undertakings											43,403			202,771
	Other creditors								5,697		10,200	4,250			1,267
	Accruals								741,571		313,928	134,993			41,159
									1,346,331		954,810	264,334			365,985
19	Deferred income								Group			Charity
									2023		2022	2023			2022
									f		f	f			f
	Adising from charitable activities								66,251		79,158	66,251			79,158
	Arising from trading activities								427,616		315,982
									493867		39514D	66251			79158
	Deferred income is included in the		financial			statements			as follows:
									Group			Charity
									2023		2022	2023			2022
											f	f			f
	Deferred income at01April 2022								395,140		390,228	79,158			97,055
	Resources deferred during the period								493,867		389,630	66,251			79,158
	Amounts released from previous	period							(395,140)		(384,718)	(79,158)			(97,055)
	Deferred income at 31March 2023								493,867		395,140	66,251			79,158
	Deferred income arises where	income			has been			received in respect of membership income,						approved
	partner income, conference events			and	training			courses that		have	not yet been	fully provided			by the
	company.
20	Retirement benefit schemes
	Defined contribution schemes
	The charitable company operates		a defined			contribution pension				scheme for all qualifying employees. The
	assets of the scheme are held	separately				from		those of the		charitable company		in an	independently
	administered fund. The charge to profit or					loss in	respect ofthe defined contribution					schemes	was		f37,051
	(2022:f49,153).
21	Designated funds
	Group					As at 1 April 2022			Incoming resources	Resources expended Transfers				As at 31March 2023
							f								f
	Training —SRMA Induction &Accredit4
	Training —SRMA Deployment								840,933		(840,933)
	Training —SRMA Supply								170,446		(147,433)	(23,013)
	Training —Clerking Programme
	Training- DfE CFO Mentoring								55,460		(40,166)	(15,294)
	Training —DfE —ICFP Contract								1,D66,839	~2,928,532 ~38,397

Group				As at 1 April 2021	Incoming resources	Resources expended	Transfers	As at 31March 2022
						E	E	E
Training	—DfE CFO	Mentoring			5,240	(3,409)	(1,831)
Training	-SRMA induction		&Accredit;		545,891	(545,891)
Training	—SRMA Deployment				158,305	(107,832)	(50,473)
Training	—Clerking	Programme			121		(121)
Training	—DfE —ICFP Contract				55,606	(24,736)	(30,870)
					765,163	(681,868)	(83,295)
Charity					Incoming	Resources
				2022	resources	expended	Transfers	2023
					E	E	E	E
Training	—Clerking	Programme
Charity					Incoming	Resources
				2021	resources	expended	Transfers	2022
				E	E	E
Training	—SRMA Supply
Training	—Clerking	Programme

22	Analysis ofnet assets between funds	Analysis ofnet assets between funds	Analysis ofnet assets between funds					Unrestricted Funds	Unrestricted Funds	Designated Funds		2023
	Group								f	f
	Fund balances at	31March 2023	are	represented		by:
	Intangible assets								54,490			54,490
	Tangible assets								630			630
	Current assets/(liabilities)								92,389			92,389
									147,509			147,509
	Group							Unrestricted Funds		Designated Funds		2022
	Fund balances at	31March 2022	are represented			by:			f	f		f
	Intangible assets								68,402			68,402
	Tangible assets								2,994			2,994
	Current assets/(liabilities)								137,790			137,790
									209 186			209,186
	Charity							Unrestricted Funds		Designated Funds		2023
	Fund balances at	31March 2023 are represented				by:			f	f		f
	Intangible assets								54,490			54,490
	Tangible assets								630			630
	Fixed Asset Investments								1			1
	Current assets/(liabilities)								24,562			24,562
									79683			79,683
	Charity Fund balances at	31March 2022 are represented				by:		Unrestricted Fundsf		Designated Funds E		2022 f
	Intangible assets								68,402			68,402
	Tangible assets								2,994			2,994
	Fixed Asset Investments								1			1
	Current assets/(liabilities)								(1,637)			(1,637)
									69,760			69,760
	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									2023		2022
	Expiry date:									f		f
	Within one year									34,701		34,701
	Between two and	five years								8,513		42,213
										43,214		76,914
24	Related party transactions
	Remuneration of	key management	personnel							2023		2022
	The remuneration	of key management		personnel		is as follows:				f		f
	Aggregate compensation									191,977	163,478
										191,977	163,478