2023-12-31-accounts

EMBE c￿tents Page Legal and PJministrative Infomia￿n Olrectors. Report Audthrfs Report Statement of ￿nar￿la1 NLtpifttes Balar£e Sf£ io Notes to the Accowts 11-14

PasE I land Charlty Nam Tead￿rS Ed￿atIOnal TNst Webslte www.tgeLory.uk Charity Reglstratlon Number 1121070 Company ReglstratloTr Number 05924216 Reglstered Offic• Lith Hoe Fam House Paradise La Bbsh)ps Waltham Hampshwe Untsd KirY￿rn S032 INU Dlrecttys J H￿l￿s- Chainnan Blls (appointed 18 January 2024) G Fuler A Martin (resvwEd 13 October 2023) J Moovh)Lr Aswft Audltors Knox Cropper LLP. iJwrter&J Accountarts and Ststtrtory A￿ltorS 65 Leadert4iU London EC3A 2AD Bankers The CO￿perative Bar Delf House uthway Skelmersda WN8 6V(r

Fège 2 Tru MPANY LIMrrED AND THE ER2 The Board ofTnJstees, who are akn drrectots of Comp3ry fcYttE purpos￿ ofthe Comkw Att, and trustees for charity law purpos4 submitttr￿r combiwj director5, reportaTrJ trustee annual report the ststemertts of Teatters Group E{knt￿nal Trust for the year ended 31 December 2023. The Board of Trustees confirnis that annual report financial statements of the Companycomth wtth CWTert statutory requrements, the requirements of the Companvs 9)vffnirMJ (kjcument and ttE p￿VISI)n5 of tr￿ Ststement of ReComm￿ded Pract (FT15 102). srRiJcfuR4 GOVERNANCE AND 14ANAGEMENT Charity s govemed by its MemordrKlum of Asso(ithn a￿1 wa5 ￿￿o￿or3ted as a prtvate company Ilmked by guaRntee on 4September2006. The coffyany wa5 confm&J as a regists C￿irty on 4 October2(K)7. The appolnted rnemba5 (between ttyee arK1 six tN5tees) undertake to contribute up to £1 eath in erfentof ttre compary b￿j dissofved whiLst tlw are a memt or within 12 months thereafter. Admini5tratwe ser¥￿e5 needed for ttE day to day oper3ton of the Charity a￿ bO￿ttt r) as rewlred. Tr pr¥Kiple objectfve of the Tntst IS to advarKe educatk)n by maktro grdnts avallable for educatK)nal prDJects aTrJ research. Tr di￿rS of trE Trust fimty believe tNIt INe5 can be chawd thmugh ed￿t￿)n ar#J k)ok to provKle gTrnts to promoteeducatK)n both in UK and overseas.The Trust focuses on yourWer5 bel￿ 4 a￿1 19 year5 old- particuki those frrjm a disadvantaged backgrwThJ. It k)oks to support inft&3tives that can be deveb)ped it0 programmes capable of appllcatbn ￿rosS the WKler ed￿at￿)n arena. A rn0￿ compreher6Ne statsment of proi&ts supported 6 avaikible on webslE FINANCIAL REVIEW AND FLrnIRE PLANS tljring the year the Charity received Theslmert irKome of £147,725 (2022 £159,593), pakl o grants of £272,500 (2022 £252,500) a￿1 i￿l￿red support costs of £12,797 (2022 £10,724) resulting in a rt outfbwof funds of £137,572 (2022 £103,631) befc(e irwestrrent cakmtal retu￿6. In 2023 vwestment capital improved arKI resulted n net gains £221,630 (2022 unrealised losses of £497,808). Atthe erKI of ￿ year reserve5 amounted to £5,337,756 (2022 £5,253,698). Detsils of grBnts made duriry tr￿ year are set out in note 3. AU grants were m&Je to charitles and Oth￿ or93rysa￿rS based n the UK. Set out ovaf is a brief summary of the work tl grants supported.

Page 3 EANDN In fine with prevK•u5 years, two maSn Char5tes supported through grant fundirYJ were the e Sinnott FoUrMdat￿n (SSF) arKI ShtrE: ￿pport He¥) In Eth￿a￿n (SHINE). SSF malnty operates overseas and runs a varEty of prO￿ts to l£b change Irrfes through edl￿atiOn. It promotes &stsir13b￿ Devek)pffent ￿alS for tht)n by er￿urag1￿j teachers w0￿w￿le to cO￿bUte eXperIe￿e arml expertise to propcts vthich adVa￿e the achievement of tFEse goa15. For more infomatDn see www.stevesinnottfoundation.or .uk SHINE supports educatK)fkil projects that WO￿ prfmarty with drAdvantaged chlldren arnl yOLro people (4 to 18 year5) aC￿$S ￿ North WesL ￿)rth East aryj Yorkstie arKI HLThber regio[￿. It provldes grants to fuThd educatK>fb31 prOgranx￿ vlhth gfve tkeseyouThJ pec￿￿the extra SWPOrt J attentDn they ￿ to the basic but essential tools for life. For more infomiat¥M WIVVl.5hinetrust.o In addith)n, Trustees agreed to cor6Jer maklr¥J smaller grants to projects which may not fulty match the TGEf criterkl for sUppO￿.r￿j projects arKJ durir4J 2023 grarts were made to, Emwmty whth Is a chartty advarres the e(knatrJn of youro peop￿ kn the subj( of sr6y (ScIen￿, Technobgyi EngIr￿r0 ard Mathematx3) skms armj Pamodzi C￿atives a commurty interest company wfych faolitotes cwtive colaborath)rs ir6pired by the Curr￿UlL￿. tkJrfrYJ the year the Trustees met with each of the Chartrs atxj recetved reports on the programmesthey were Nnnwwj arKI settiTrJ out vloth￿l been achEved and comp¥iro outcorrEs with ststed objthes. Detsils of tt grarts made are set out in r¥)te 3. RESERVES assets of the dkrty corslstof a unrestrthA furKI that 6 expendable at Tn dlscretbn in furtlwaKe of ts* CNirity'S pimposes. RESERVES POLICY TG￿ has a furKJ built as an erthvmiettthrDugh a serEs of (lOrki￿n5 the majority ofwhich were eived prfor to 2015. Folk)wlrKJ rekxit¥J of the rewve5 poky n 2020 the poky was amended at a rne￿ of Trustees In 2021. This removed direct Ihik between Irthme grdnts arKI enables a great aggregate kvel of grdnts to be made each year, subject to the value of nvesbnents rnt falling below a tlYesh)kJ amount. Thi5 viill er%3bk more f￿a￿la1 support to be p￿Vided to strateg partners others at a twne ir£ome from iThestmertS i5 knv￿r than year5.

PaoE 4 UPE DI EMBER 20 RESERVES POLICY conL The fftries pol￿ vdl contlrnE to be rniieb￿￿ amualy. Reserves a￿ cunEnty iNested li fnarKlal mafkets, TGET onty in pcd hWestsi￿t investment mar￿ger[S reg￿ated by tr£ ￿3￿la[ COndl￿ Auttrority. SufFKient fun a￿ ￿taIned on short terni call to meet dstributKbn poky arKI expThs as out11￿￿ abo¥E. Detsils of investments hekl a￿ st¥)wn kn ￿te 5. RISK MANAGEMENT A risk management strategy 15 in Pl￿ afKI a rsk register is Mawrtal￿1 wthich identifies arKI categor6es the potentkl risks toTG￿. nTrustees revw rfsk registerat Tnstees. to ersLJre that It conts'rKES to adeq￿tety Kkntrfy potential rsks and mibgat￿n$. PUBLIC BENEFrr srATEMENT The Trustee's conflnn that ttw ￿ve complEd with thelr dty to have dLE regard to (haTity Commissk)n's guth￿e on publt ber*frt'Chaiitss arKJ Pubfic Bene￿.

GUARANTEE AND N STATEMENT OF DIRECTORS. RESPONSIBILrnES Company Law requires the Director5 to prepaE flrprKial ststements for each fina￿la1 perixl give a true arxl fakvlew of the stste of affair5 of the Comparyar#l of the surplus ordeficit of the Company for that perp?d. In prEparirKJ ttrK•se finar£ial 5tstemerts, the Director5 a requlred to - Sert s(ltsbk accoun￿ por￿ arMJ appty them co1￿. Make jLtyments arKI estlmates that are reasofb3ble and prudenL stste whether appkabk accounting standarts Ikive been folbwed subject to ary materkil irtures dlscbsed expkird in ttE fir%3￿la1 statements. Prepare trE firkirKial ststements on a pwwJ corKern basls unless It 6 irkippropr to presume that the Company wil LDrthue In b￿1r￿SS. The Dlrettors a￿ ￿spor$￿)Ie for keepiThJ proper accountiNJ records wh£h dk)se with a50nable accurdry at ary tlme, tre fkkifKk41 positbn of the Compary and to enab￿ them iD ernsure that the flnancial ststements compty with the COmp￿￿S Art 2006. They are a ponsible for safegLrdin9 assets of tr£ Cornpary and hen￿ for tskhw reasonable st for the preventtn arnj detectbn of frd￿j atMI ottrw Irwularits. Each of the Dlrectors whw) are also the of the Chaiitable Compary, conflm that at date of thi5 report trE folbvlryj appr￿5. So far as each D6rector is awa￿ ttr£rE Is rn rele4ant aurt infornHtDn (informatbn needed by the audttors In cOnr￿n with prppafirKJ report) of whkh the Charfty'5 audts￿ arE unawa￿. arKI Each Director has taken am the steps necessary to make Frselfl hlmself avRre of relevart audit infornatDn arKI to estabfsh that tr Charity's audth￿ a￿ awa￿ of that InfomiatK)n. This report has been prepared In accordartt wtth ￿ special prDv15knrs of Part 15 of t Companies Act 2006 relatiTr3 to smal companies. BY ORDER OF THE BOARD John HuglEs (Llrector) Date 19 Tul z&21

Page 6 MEMBERS OF Oplnlon We have a￿rted the fina￿la1 slalEm￿ rf tre Teadvs Grwp E(l￿ational T￿￿t for the year erled 31 Decemter 2023 which ax7wrise cé fina￿101 thltles, bala￿e aThJ to the flr0rKial 5tstements. I￿1￿￿1￿j a sunmary cl %gnrfthrt acC￿n￿'r￿j rK4iaes. fina￿la1 rewrtiThJ framework that akrA￿d In trtlr ￿et￿ration i5 apvicable law and United Kiroth)m Accounting ndards, inckKlTrJ FIna￿al Rewtiry StrrKJard 102 Tl Fh)aThYal ReiiJ1J"ThJ Stsrdard a￿lca￿e In the UK aThl Rewbk Lrf Irela￿ (Unted Gerwalfy A(o)wty Prth). In (Njr oF4nion, ts firkincial stateme￿5.. gNe a true arkl fair view crf tr￿ stsle of tr ttrltsble ccrfnpaTri's affatrs as at 31 December 2023 a￿1 rf its incDme aNI e4thJre fDr the year then erded,. have ten property weparwj Ni wrth Un&i Kiwkni Gerwaly Acceptsd Acclwniing have ten prepared in wlth the reqLthreW￿￿s rl tt CtrfnpaThe5 Art 2fKIS. We ccnjucted ow al￿ in ac￿)rda￿e whh IrtU￿nal Stsrthrds on A￿JItiThJ (UK) {LS4s (UKII and apFllcabk law. i)Jr res[￿6￿1 Ilftks ttKse staTKJard5 a￿ descn'bed in Its Auditorfs re5pongt41ths for the aLJt of ￿ flnarKial stst￿erts section of reprt We are Indeperhlent ct the charltslle cOM￿rry In accordarte with ts etrKal req￿reMerts that are relevant to ow a￿lIt rf the flna￿la1 statements in the UK, i￿(￿￿1￿j ts FRCS EItrKal we have ftlfilkd our ethical r￿￿[￿litES in ac£ordarKe these requiremtrts. We beleve that the aLAif( evldence we Pfive IYalr￿ Is suffidert a￿1 aFVQViate to a tssis for cw cfAr Conduslom relatlry to golng cO￿¢￿n In au(Utir¥J the fina￿jaI ststemerts, we crKthkd that tt trusteg use Wr¥J cown basls of a(￿ntI￿4 in the preparati￿ cl finaNial ststements ts aFVWatr. Based the v¥ork we have Fknmed, we hjve Idwlned any materlal urttrtrlles relatlrKJ to everts ¢orKJkt1¢￿S tw Indfvlduaty or cnkctJvety. may Gst slgfftant the charty's ability to continue as a gc4rwJ cowi for a ￿1￿1 of at least tsyefve m(#)ts finar£ial ststements are all￿rised for Issue. re$Fa￿l￿1￿es ar#J resFyNNibes CA the trustees with respat lo are desttiw In the re￿art sections of this reFfrt otlEr irformat￿ crMwi5e5 the irformatJon I￿1(KI￿1 in ￿ aNMAI repx Ott￿ than ￿ financlal stsle￿rtS a￿1 (￿r aLKlitDrfs rer¥wt lIve￿. The tnstees are reswfit4e for ts otrw information. OLf owntLX) ￿ the fina￿la1 slataments (hxs cover tt th infcmthn and, to the extent otsThvtse eWtCblJy stated In our rem we th rK>t ey4xess arry fcffii of awrarKe c￿jUs1on thweon, In crA￿￿on ￿1th rAf aLklrt of tr flnarKlal Sk￿Ments. our res[ty￿1￿rIty i5 to read ottEr Informatlon aThJ, in (knng so. COr￿kIer wlthr ￿ ottw infornwth)n s matthally I￿)n5￿tent with the fi￿n￿al sts￿ents or ow krThvledge thined in tt LIErwtse appears to LE materialty misstated. If we tdenttfy matertal Inc￿sists￿leS or materk?I misstatr.m¥ts. we ère requlred to detem)ine wlther tsre is a material mi55tatemwt in finartial ststements (x a rnaterial misstatement of information. If. based we have ￿. we ccrtlLth that tr*re 15 a material mi5Statement of ths ots 1nfom)alio￿ we are required to reF(rt that facL We have ncth'rg to re￿rt in llis regard.

Page 7 PEN IL• In rAJr opiryon, based on the work umjertsken in 0￿se c V)e infomwtlon gfven In ￿ truste& rem wlKh i￿1￿1￿5 ttE dir￿[S, rem wepared for the PLYF(6es of comFeny law, fLY the f￿￿jaI year whKti trE finawal statenents are prepared is corLsent with the fina￿la1 stalen￿5. arnl dirertOTS' rep)rt Irthjed wllhln ￿ tr￿te& rekxyt Iw5 [ryar￿ In acC￿da￿e with aFrf)licable legal rewtremerrts. Matters on whkh vm are rewred to T¢￿t ty excepllon In light of the kTh)w and u￿￿rStand1rVj Lrf the dwrits14e CL￿panY Its envlrorThent ottsI￿d in the course of we Iwe ￿t ￿knbfi￿I matejlal n)sststwrnts kn the strategtc rep)rt or the dlrector5' repyt wthn tr trLLstees' rerLrt We have MthiThJ to re￿rt in respect f￿￿￿¥1[wj rnattEf5 In rdallon trj wNth the CrynpJnle5 Art 2006 requires ￿ to reFth ty YC￿ ￿, In our oF1r￿n. adequate ac£ountir¥J reoyts ￿1Ve ke&¢ tr retw￿ cFote for aL1f( have re￿iVed frLJ)) brarKts rnt vw ty LLS,. or fina￿la1 ststemerts are rKt in agreement with tt acc(xmtiNJ r￿5 arvj rettrns,. or ertaln d5d05ures of trustees. re￿￿￿rat1￿ S[ea￿￿ ty law are rrt madE; or we have receNed all w￿￿Mal￿)n aNI eJnatlon5 we r￿￿re for our al the trustees were rN)t errtil￿ kn wepare the fina￿la1 s13tanerts In at0)rdan￿ wth the small com￿nIeS reglme arnl tske athanlèje d tre smaH (£rfnpan5' exempth In weptrlThJ the IJ￿, rem arKI frcffj) reryaremert to Kryare a strat4t reFrfrt RMpoMlbilitle• of trust￿ As more fvwy in lfr Intstees. reskv&bllJa ststement Trustees, Re￿¢ the trfftes (who are also ts directtrs of tr cloritrtAe Co{r￿anY fcr ￿ wrFt6es of cLYnpary lawl are respMlbk for the epaTa￿on of the fir0￿1 tstements aTrJ for teing salSsfied that gNe a a￿1 fair vlew. and for s¢Jch Internal as tr trustees (kterrnl￿ Is to enatle the Eyeparatlon of flna￿l31 simerts that are free Ir￿Tr materlal mlsstatanert wlthr th to fraLKI rr ￿r￿. In wqMrlrrfJ fi￿7￿1 5tsttyMrts, trwtees are reS￿L￿ for assesstryj the t(%npary's abllty try conorwe as a ￿1r￿j c£Jwn, thsclwng, as a￿kat￿e, malters related b) C(x￿M and ￿lT¥j Ihe wirKJ Co￿rn ba&s cl actourlJrKJ ur4ess the tT￿teeS thr irknl In IiTJKtste trt comparty or tr) cease LwaU0￿, Ix have ￿ realistic alternatNe to (kj so. Our obj'ectives are ID cthin rea50roble a￿rar￿ tr finarthl ststemerts as a whobe are free from fflaterial mssiatuner¢ whettr￿ dik to fra￿1 tt error. aThl an audknrfs report trklt indLths OLW OFAtNon. ReascKt4e aSSLTr￿e Is a hi￿ ￿e1 of asswarte, tx is ￿ a guarantee that an a￿lIt cor#lLthJ In accordartt w6th TS45 (UK) w￿1 atways detett a m3terlal rn1sstst￿ent it exists. Misstateff*nts can arLse fr(￿ fraLKI or errLY arml are (C￿thred material rf. iTrJvKlually cr In aggregate, they could reawobty be exrttied to ec(KK¥rtK deci5br6 cl users taken of these financial statemerts.

Page 8 THEM Irregllarlties, ixjLK1ry￿ ftatA1. are o￿tsr￿e5 rf IL￿.C(￿E41a￿ with laws arKI rewlation5. We prtxedure5 in line wth rwJL£ilyNlJ'e5, atxN¢ to det&t material misstatetrents ￿ ￿s￿(l of irregularibes. tr￿K1. Tr exialt to vdhKth w ￿￿ed￿re5 are capaile ￿ detectiro Irre￿lar[tieS, Or￿￿(lir￿J fra￿j is detrlled Lth: We ob12kd an wxleTSlaNling of tr legal WKI reThlabNy framertYks ttrwt are awllcatle ID the Tntst and (tsrrrined tst ￿ wKJst sgfftant are tt Strtemert of Recrynmended 'AcwJrlJNJ aAI R￿)r￿1￿j ty Clwltles, (SCF 2019). in accrytsrre wth ttE FinarKial Rew)rting Stsndafd In UK (FRS 102} to smallererths the CompBnle5 Art 2(#J6. We IMJW ￿ Tr￿t is c(yn￿l(4j with framewths via c(￿m￿n￿?￿on wlth those dwrged with wrth tr% ￿leW of the Tntsys dwmented wkncies and a￿Jit ieam. %¥htth Is in tt of d￿r￿e$, cor&dereA the charlty's suscepttt41 to matsrtal mlsststunert aThJ h74¥ fra￿1 CrySKleratl￿S risk of managemert overri(. r apwoach was tD check that ts i￿e frcffi Itweslments arnl donats"or6 were properly bjenofed, ￿art F4iya14e were complied vthh the CLYlrd pr(tedwes rekited expeDllture was aF¢Yowlatety tharged. TNS irKIth iownal adJusIn￿ WKI ￿uSUal tra￿cliOns. A fiJrther of ow reS[4￿li1￿￿ the fi￿7rK]aI ststeJr￿ts 15 on the FlnarKial Re￿rtIng Ciyjrd's Vleb￿te at TNS thscriptlan fcms part crf ojr awltorf5 reKKrt UM of our repwt Ttas rerKrt Is Made s( trj tr£ C￿￿nith cthnparfs menv5. a5 a In aCctyth￿ with ChJpr 3 of Part 16 of Corrwnles PLt 2CQ6. ￿K11t trklS teen ￿￿ken, so that we mtht stste to the dwritable ccKnr0ny's memters 116e nwtters we are requred tr& State to In an a￿ttI￿rfS repfft and fcfj rK otsr kXffFose. To the fiAlest ethrt ￿rnItted ty law. we th not acrept or reSP￿bIlIty to anyor other than the charliat4e comrony the dwStrt4e ((￿panY'S memtr5 ￿ a t)tr, for our a￿lit work, for thls rep)rt or opirlL¥ts we have Sh)alb Arshad {&nKTrr Pufjiry) For on ￿￿)If of: K￿X Cropper LLP 65 Leadenhall Street LoThJ

dge9 STA R THEY 2023 Unreslricted Funds 2022 Unrestrlcted Funds INCOME FROM: Investments Other Irmme 147,725 159,593 Totsl Income 147,n5 159,593 EXPENDrruRE ON: Charltable Acuvltles 285,297 263,224 Total Experxltwe 285,297 263,224 Net Income l {exp￿dIture) before galns and losse8 on Investsnents (137,572} (103,631) Net galnsl(losses) on wwesbners 221,630 {497,808) Net movement in fund9 84,058 (601,439) FLnds brought fonward 5,253,698 5,855,137 Funds carrled forward £5 337 756 £5 253 698 Nore of the Company's activitES V+Ere or th5contixd d￿7r0 the finarKial period.

Page 10 CA AT 2023 2022 Investments CURRENT ASSErs Debtors Cash at Bank and at (Ws 8,956 5,016 445,496 486,833 CREDrroRS Amourts fallirvJ due one year (3,240) (2,640) NEfcuRRENT ASSErs 442,256 484,193 NEf ASSErs £5,337,756 £5,253,698 UNRESTrICTED FUNDS £5,337,756 £5,253,698 The fIna￿la1 statements Fkive been prepared in ¥corda￿ewlth tr spedal pn)vIs￿6 of Part 15 of the Companies Act 2006 reL3tir¥J to smau companks. accounts wBe approved by Dlrectors on the 1$ Tol zoZ John Hwhes {Di￿r} Registered Company Nwnber. 05924216

Page 11 ACCOUP¥TING POLICIES (a) The Accounts of the cth3rablecompJry, whKh is a pUbr￿ benefftenbty under FRS 102, compty with the Statementof Recommwthd Prdttte, SORP 2019 (FRS 102) serorKI edit￿)n ssued by ￿ Charrty Commi5siMers for E￿nd Wales, w the Comparies Act 2(M)6, a￿1 with app[￿b￿ AccountrwJ Slarvjarts. They have been prepared tMstorKal cost convention, e￿ptfOrinve5tMents whth are i￿luded at mathet vak, a￿1 in acCoN13￿e w5th the Fina[￿la1 Reportrg Sts￿rd appkable n the UK (FRS 102) applTrble to smakn entities. Trustees corsKler that a￿ ￿ mateiial uKertainths about T￿￿trS abthty to continue as a goiNJ cor£em. (b) It￿$ off￿th arKI eqwmentbth a￿ knmaterial n va￿. are wiitten off In year of pwthase. (c) Investmert kKome is credbted to tFE actourts ri ￿ year In wlith it Is I￿Nable. (d) [r￿Qme 15 recognisal in ts year in vthth dprty is enfjthd to rett￿t arKI the amount can be measfftd wth reasonable certainty. (e) Grants payabk are charged n perknd tly a￿ commltted, nomally when an urrnrKli￿nal offer 15 cofNeyed to the recipient; future ewerKliture against SLKh grants is i1￿(￿le￿ in ueditor5. (Q Experrtliture s accoutsj foron an accruals basis. TtE* irxj￿e, wlEre reievarL VAT rot recoverable by the Qority. (g) GovemarKe costs comprse au costs imiofvirvj pubk accountabilty of the charty and its compliarKe viith re9￿￿tkIn aTrJ wod practte. TtEse costs indL costs rekted to sktthory athit. (h) The Funds ofthe Charity areal for￿ by ttETn]stee5 in accordarte with powets. JLKlgements key sources of are detsiled n the knve accolati￿ pofKEs, where appltable. (i) Tre 0￿ritable company onty has fina￿la1 assets and liabil￿5 of a kind that q￿lfy as baS￿rTh7r￿ki1 ktstrnments. TI￿se a￿ initiawy ￿9ntsed at transacti)n value aThl subsequendy va￿￿ at ther settkment vakE.

Page 12 RO co (k) Trdde arkl other thbtors are ￿g￿ed at 5etdement amount due after ary trBde dscount offth1. Prepaymentsare valued at Ihe amountprepaKI rt of tsBde di5cow)ts d￿. (i) Credltor5 arthj prnVI5￿rs are recogrrse(1 (Jiity has a p￿sent oblKJat¥)n resulb'rKJ from a past event that pmbabty res￿ in the trarsfer of furKls kn a thir(1 party arKI ￿ amount due to setue tr ob&3ation can be measured or estimated ￿l￿1b￿. Creditors and prDvisrJns a￿ Tr)rmaly reo)gr*sed at their settlemert amourt after alb)vMg for ary trade discounts. INVESTMENT INCOME 2023 2022 Bank Interest DfvlderKIs 14,545 133 180 £147 725 5,555 154 038 £159 593 CHARrrABLE ACTIVMES 2023 2022 Grart maklTrJ (detai15 bebw) Support costs (note 4) 272,5(YJ 252,51XI £263 224 Grants maklng Dudro the year grants V¥ve made to: 2023 2022 Steve S'nrntt FOurth￿n Shir srEMurllty Pamodzi Cwtives Natb)nal Ed￿all)n Mu5eurn iio,c 115,(X)) 35,C(KJ 12,5(M) 100,000 105,000 10.000 12,51XI SUPPORT COSTS 2023 2022 )VThn￿ costs (detsils bek)w) Bank cTrkirges Other costs lo,￿17 956 9.415 395 £10 724

Page 13 IID EM Governance costs 2023 2022 AccounttivJ AAlmNiistiatlon Costs (Note 10) ALK16tor5' RemuneratM)n 7,507 6,897 £10 507 The (hnty dKI rnt have ary empkJyee5 tre year. INVESTMENTS 2023 2022 Bkj-rna￿et va￿￿ at start of year rchases in year Disposals proceets kn the year Realised gaiThs l (k)sses) on investmerts Uwealtsed gains l (bsses) on IrNestmerts BKI-mafket Val￿ at year erKI 4,769,505 300,000 {395,635) 5,639 215 991 £4 895 5(K) 5,467,313 100,ocN) (300,000) (21,070) 476 737 £4 769,505 The charty Investherts in a Thxnber of ￿lt[Sed fur#ls vi th'r￿ with the Investment aTrJ Reserrfes Pol￿￿. 2023 Bld value 2022 Bld valug Btack Rock aprlts UK BorKI FurKI Brack Rock Cthari￿ UK Ewty Fwxl COIF Charities Fixed Interest FuThd COIF Chafftles ITwesknert Fund CAF UK Equitrack FuThl FP Forespjht UK lnfTaStnx￿ L&G All Stocks Ith Linked Irthx L&G Japan Ith TnEt 468,121 1.358,091 408,585 1,287, 156 389,996 I,(k55,449 1.335,665 1, 163,353 1,383,420 229,150 184,9% 183,845 £4 895 500 £4 769 505 DEBTORS 2023 2022 payments 662 I,iio £8,956

Pdge 14 TIONAL ENDED CREDrroRS: Amounts fallThJ due witlin one year 2023 2022 Accrua15 TAXATION The Teachers GroL4) EthtstKnal Tn￿ Is a regISte￿d ctrkirity and is potenttally exempt from taXat￿n in respectof wmne and carkal gairs recepied within categorEs cov8gJ by Part 11 of trE corpora￿nTaxACt 2010 or SeciK)n 256 of the Taxation of Chargeab Gains Att 1992, to ￿ ethit that kKx)me or 93kn5 are applled exclusfvety b) Char￿able purposes. CAprrAL COMMrrMENTS There were rw) Capftal G)mmitments at 31st D￿rnber 2023 (2022: Th1). io. DIREcfoRS' REMUNERATION AND EXPENSES tXAlng ￿ year £5,9Jl (2022: £5.898) ￿d$ pakl to M R￿e for the pmvlskn of administrBtpie arKI comparry seaEtsrial SeN￿s. With the exceptKsn of this, remunerdtbn, directty or irrfyectty, out of fwKts of the Chaiity was pakl or pay for the year to any Dlrector or to any petson or persons k￿wn to be con[￿tted with them. The fees for5￿portSerVware deternih￿d by tre Tntstees without M RU￿ belrg Reimbursement of £698 of travd arKI accommtsJath)n experses has been ma¢ tD t)TeCt0￿ In wect of year (2022: £513). ii. RELATED PArn Mr M. Rule pmvmjed 5￿pOrt servtss thJrirNJ ttE year. as set in 10.