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 it*0
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 ov*af 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 cor6*Jer 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 pc**d 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￿. n*Trustees rev*w 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 -
Se*rt 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 i*rtures dlscbsed expkir*d 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 d*k)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 safegL*rdin9 assets of tr£ Cornpary and hen￿ for tskhw reasonable st
for the preventt*n arnj detectbn of frd￿j atMI ottrw Irwularit*s.
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 F*rselfl 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 er*led 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* tt*rltsble ccrfnpaTri's affatrs as at 31 December 2023
a￿1 rf its incDme aNI e4*thJre fDr the year then erded,.
have t*en property weparwj Ni wrth Un*&i Kiwkni Gerwaly Acceptsd Acclwniing
have t*en 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 aL*Jt 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 Idw*lned any materlal urttrt*rlles 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 resF*yNNibes 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 infc*mthn and, to the extent
ots*Thvtse 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* L*IErwtse appears to LE materialty misstated. If we
tdenttfy matertal Inc￿sists￿leS or materk?I misstatr.m¥ts. we ère requlred to detem)ine
wl*ther 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
corLs*ent 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)sststwr*nts 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 aL*1f( 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 eJ*natlon5 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 (£rfnpan*5' 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
si*merts 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. ReascK*t4e 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 ob12k*d an wxleTSlaNling of tr* legal WKI reThlabNy frame*rtYks ttrwt are awllcatle ID the
Tntst and (*tsrrrined tst ￿ wKJst sgfftant are tt* Strtemert of Recrynmended
'AcwJrlJNJ aAI R￿)r￿1￿j ty Clwltles, (SC*F 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
fc*ms part crf ojr awltorf5 reKKrt
UM of our repwt
Ttas rerKrt Is Made s(* trj tr£ C￿￿nith cthnparfs men*v5. a5 a In aCctyth￿ with ChJp*r 3
of Part 16 of Corrwnles PLt 2CQ6. ￿K11t trklS teen ￿￿ken, so that we mtht stste to the
dwritable ccKnr0ny's memters 11*6e nwtters we are requred tr& State to In an a￿ttI￿rfS repfft and
fcfj rK* ots*r 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 memtr*5 ￿ 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 wwesbner*s
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 th5contix*d 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 cth3r*ablecompJry, 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 (J*iity 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
I*ID
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 aprlt*s 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) EthtstK*nal 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.