OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-08-31-accounts

ÝßÌÝØ îî ÝØßÎ×ÌÇ Ô×Ó×ÌÛÜ ÎÛÐÑÎÌ ßÒÜ Ú×ÒßÒÝ×ßÔ

ÚÑÎ ÌØÛ ÇÛßÎ ÛÒÜÛÜ íï ßËÙËÍÌ îðîï

ݱ³°¿²§ ²«³¾»®æ ðêëééëíì λ¹·-¬»®»¼ ½¸¿®·¬§ ²«³¾»®æ ïïîìïîé

í

ÝÑÒÌÛÒÌÍ

----- Start of picture text -----
ì
----- End of picture text -----

×ÒÌÎÑÜËÝÌ×ÑÒ

ÌØ×Í ÎÛÐÑÎÌ ÔÑÑÕÍ ÞßÝÕ ÑÒ ÉØßÌ ÉßÍ ÌØÛ ÍÛÝÑÒÜ ÇÛßÎ ÑÚ ÌØÛ ÐßÒÜÛÓ×Ýô ß ÇÛßÎ ×Ò ÉØ×ÝØ ÉÛ ÞÛÝßÓÛ ËÍÛÜ ÌÑ ÜÑ×ÒÙ ÌØ×ÒÙÍ Ü×ÚÚÛÎÛÒÌÔÇò ÉÛ ÜÛÓÑÒÍÌÎßÌÛÜ ÉØßÌ ØßÍ ÞÛÝÑÓÛ ÌØÛ ÒÑÎÓ ÚÑÎ ÝßÌÝØîîå ßÒ ßÞ×Ô×ÌÇ ÌÑ ÞÛ ßÙ×ÔÛô ÚÔÛÈ×ÞÔÛô ßÒÜ ÎÛÍÐÑÒÍ×ÊÛ ÌÑ ÌØÛ ÒÛÛÜÍ ÑÚ ÌØÑÍÛ ÉÛ ÉÑÎÕ É×ÌØ ô ÉØÛÌØÛÎ ×Ì ×Í ÌØÑÍÛ ÉØÑ ÐßÎÌ×Ý×ÐßÌÛ ×Ò ÑËÎ ÍÛÎÊ×ÝÛÍ ÑÎ ÌØÑÍÛ ÉØÑ ÝÑÓÓ×ÍÍ×ÑÒ ËÍò

É» ¸¿ª» -¬¿¬»¼ ¾»º±®» ¬¸¿¬ Ý¿¬½¸îî ·- ¿² ±°¬·³·-¬·½ ±®¹¿²·-¿¬·±²ô ¿² ±®¹¿²·-¿¬·±² ¬¸¿¬ ½±²-·-¬»²¬´§

¿½¬·ª·¬§ � ¿ ­»¬ ±º ­¬±®·»­ ¿²¼ ·²­·¹¸¬­ ¬¸¿¬ ½´»¿®´§ ¼»³±²-¬®¿¬»- ¬¸» ½±²½»°¬ ±º ½®¿¼´» ¬± ½¿®»»®

¾»´·»º ·² ¬¸» ·³°±®¬¿²½» ±º ®»´¿¬·±²-¸·°- ·² ½®»¿¬·²¹

ë

----- Start of picture text -----
ÌÛÎÎÇ ÜËÜÜÇô
----- End of picture text -----

ô

ÝØÎ×Í ÉÎ×ÙØÌô

´·ª»- ±º ¬¸» ½±²-·¼»®¿¾´» ·²-·¹¸¬ô º±®»-·¹¸¬ ¿²¼ -¸»»®

×Ò ÌØÛ ÔßÍÌ ÇÛßÎ�

Ó±®» ¬¸¿² -»®ª·½» «-»®-«°°±®¬»¼ -»®ª·½»-

ê

�×Ì�Í ÞÛÛÒ ß ÇÛßÎ ÐßÝÕÛÜ É×ÌØ ÒÛÉ ßÝÌ×Ê×ÌÇ ÌØßÒÕÍ ÌÑ ÌØÛ ç Ó×Ò×ÍÌÎÇ ÑÚ ÖËÍÌ×ÝÛ ÐÛÎÍÑÒßÔ ÉÛÔÔÞÛ×ÒÙ ÝÑÒÌÎßÝÌÍ ÉÛ ÍÛÝËÎÛÜ � ßÒÜ ÌØÛ ÚßÒÌßÍÌ×Ý ÝÑÜÛìððð ÓÛÎÙ×ÒÙ É×ÌØ ÝßÌÝØîîò

�ÑËÎ Ê×ÝÌ×ÓÍ� ÍÛÎÊ×ÝÛÍ ÙÑ ÚÎÑÓ ÍÌÎÛÒÙÌØ ÌÑ ÍÌÎÛÒÙÌØô ØÛÔÐ×ÒÙ ÌØÑËÍßÒÜÍ ÑÚ ÐÛÑÐÔÛ ÉØÑ ØßÊÛ ÞÛÛÒ Ê×ÝÌ×ÓÍ ÑÚ ÝÎ×ÓÛ ò ÝßÌÝØîî�Í ÎÑÇßÔ ÐßÌÎÑÒô ØÎØ ÌØÛ ÐÎ×ÒÝÛÍÍ ÎÑÇßÔô Ê×Í×ÌÛÜ ÑËÎ ÙßÒÙÍ ÍÛÎÊ×ÝÛ ×Ò ÉÑÔÊÛÎØßÓÐÌÑÒô ßÒÜ ÑËÎ ÌØÎÑËÙØ ÌØÛ ÙßÌÛ ÉÑÎÕ ÎÛÝÛ×ÊÛÜ Ø×ÙØ ÐÎß×ÍÛ ÚÎÑÓ ÌØÛ ×ÒÜÛÐÛÒÜÛÒÌ ÓÑÒ×ÌÑÎ×ÒÙ ÞÑßÎÜò

�ÉÛ�ÎÛ ÛÈÐÛÝÌ×ÒÙ ÌØ×Í ÇÛßÎ ÌÑ ÞÛ ÒÑ ÔÛÍÍ ÞËÍÇ ßÒÜ ÒÑ ÔÛÍÍ ×ÓÐßÝÌÚËÔÿ�

ÔßÍÌ ÇÛßÎ

é

ÙßÒÙÍô Ê×ÑÔÛÒÝÛ ÎÛÜËÝÌ×ÑÒ ßÒÜ ÐÛÎÍÑÒßÔ ÉÛÔÔÞÛ×ÒÙ

ÔßÍÌ ÇÛßÎ ÉÛ ÍËÐÐÑÎÌÛÜ îôêìî ÍÛÎÊ×ÝÛ ËÍÛÎÍ ÌØÎÑËÙØ ÑËÎ ÙßÒÙÍô Ê×ÑÔÛÒÝÛ ÎÛÜËÝÌ×ÑÒô ÐÛÎÍÑÒßÔ ÉÛÔÔÞÛ×ÒÙ ßÒÜ ÎÛÐßÎßÌ×ÑÒ ÍÛÎÊ×ÝÛÍ

In May 2021. Catch22 was awarded 9 contracts to deliver personal wellbeing support for prison leavers on licence, those requiring post-sentence supervision and those setijing community or suspended sentences. The contracts form part of the Ministry of Justice's Commissioned Rehabilitative Services and we deliver across the following Police and Crime Commissioner IPCCI regions.. London, West Mercia, Avon and Somerset. Dorset, Thames Valley, Hampshire and Isle of Wight, Devon and Cornwall, Wiltshire and Gloucestershire. Service users accessing Personal Wellbeing engage in interventions in 4 key areas: FAMILY& SIGNIFICANTOTHERS: LIFESTYLE & ASSOCIATES: .ONALWELL8E1141-_ PERSONAL WELLBEING.,, ILV AND SIGNIFIOANT OIWERS Helping service users develop positive family relationships and avoid harmful ones Helping service users improve their pro-social self- identity and ability to access community-based support networks EMOTIONAL WELLBEING: SOCIAL INCLUSION: PERSONAL WELLBEING PERSONAL WELLBEING EMOT1014ALWELLBE1fr4G sc¢￿ INCLU*Q Helping service users to develop coping skills and strategies to regulate mood and demonstrate perspective-taki ng and self-care by avoidin8 risky situations Helping service users to develop and sustain social networks to reduce initial social isolation and develop resilience and perseverance

ç

ÌØÎÑËÙØ ÌØÛ ÙßÌÛ

ÔßÍÌ ÇÛßÎ ÉÛ ÉÑÎÕÛÜ É×ÌØ îêôðêç ÍÛÎÊ×ÝÛ ËÍÛÎÍ É×ÌØ×Ò ÌØÛ ÝËÍÌÑÜ×ßÔ ÛÍÌßÌÛ

ÑÚÚÛÒÜÛÎ ÓßÒßÙÛÓÛÒÌ ßÌ ØÓÐ ÌØßÓÛÍ×ÜÛ

Ý¿¬½¸îî °®±ª·¼»-

¼»¼·½¿¬»¼ ¹¿²¹- -»®ª·½»

•×Ì ×Í ÐÔÛßÍ×ÒÙ ÌÑ ÒÑÌÛ ÌØßÌ ÌØ×Í ÒÛÉ ßÐÐÎÑßÝØ ÌÑ ÙßÒÙÍ ßÐÐÛßÎÍ ÌÑ ÞÛ ÉÑÎÕ×ÒÙô É×ÌØ ÌØÛ ÐÛÎÝÛÒÌßÙÛ ÑÚ Ê×ÑÔÛÒÝÛ ßÌÌÎ×ÞËÌÛÜ ÌÑ ÙßÒÙ ÓÛÓÞÛÎÍ ÚßÔÔ×ÒÙ ÚÎÑÓ

ïëû ×Ò ÌØÛ ÌØÎÛÛóÓÑÒÌØ ÐÛÎ×ÑÜ ÖËÔÇ ÌÑ ÍÛÐÌÛÓÞÛÎ îðîð ÌÑ ïïû ×Ò ÌØÛ ÌØÎÛÛóÓÑÒÌØ ÐÛÎ×ÑÜ ßÐÎ×Ô ÌÑ ÖËÒÛ îðîïò�

•ÌØÛ ÑÚÚÛÒÜÛÎ ÓßÒßÙÛÓÛÒÌ ËÒ×Ì ÝÑÒÌ×ÒËÛÜ ÌÑ ÑÐÛÎßÌÛ ÛÚÚÛÝÌ×ÊÛÔÇ ÜËÎ×ÒÙ ÌØÛ ÐßÒÜÛÓ×Ý �

ïð

•ÑÚÚÛÒÜÛÎ ÓßÒßÙÛÓÛÒÌ ËÒ×Ì øÑÓË÷ ÍÌßÚÚ ÉÛÎÛ ÜÑ×ÒÙ ÍÑÓÛ ÛÈÝÛÔÔÛÒÌ ÉÑÎÕ ×Ò ÌØÛ ÐÎ×ÍÑÒ � ÌØÛÇ ÐÎÑßÝÌ×ÊÛÔÇ ÝÑÒÌßÝÌÛÜ ÐÎ×ÍÑÒÛÎÍô ÉÛÎÛ ß Ê×Í×ÞÔÛ ÐÎÛÍÛÒÝÛ ÑÒ ÌØÛ É×ÒÙÍ ßÒÜ ÐÎÑÊ×ÜÛÜ ÙÑÑÜ ÍËÐÐÑÎÌò ÌØ×Í ÉßÍ ÌØÛ ÞÛÍÌ ÐÎÑÊ×Í×ÑÒ × ØßÜ ÍÛÛÒ ÜËÎ×ÒÙ ÌØÛ ÔßÍÌ ÇÛßÎ

ÝÑÜÛìððð

•ÉÛ ÞÛÔ×ÛÊÛ ÌØßÌ ßÒÇÑÒÛ ÝßÒ ÔÛßÎÒ ÌÑ ÝÑÜÛô ßÒÜ ÉÛ ÍËÐÐÑÎÌ ÑËÎ ÍÌËÜÛÒÌÍ ÌØÎÑËÙØ ß ÌÎßÒÍÚÑÎÓßÌ×ÊÛ ÖÑËÎÒÛÇ ÌØßÌ ÒÑÌ ÑÒÔÇ ÞË×ÔÜÍ ÌØÛ×Î ÝÑÜ×ÒÙ ÍÕ×ÔÔÍ ÞËÌ ØßÍ ß ÓßÎÕßÞÔÛ ÛÚÚÛÝÌ ÑÒ ÝÑÒÚ×ÜÛÒÝÛô ÍÛÔÚó ÛÍÌÛÛÓô ßÒÜ ÉÛÔÔÞÛ×ÒÙò�

ïï

Ê×ÝÌ×Ó ÍÛÎÊ×ÝÛÍ

çëû ïîôððð ©·¬¸ ¬¸» -«°°±®¬ ±º ½®·³» -«°°±®¬»¼ ¬¸»§�ª» ®»½»·ª»¼

Ñ«® Ø»®¬º±®¼-¸·®» Þ»¿½±² -»®ª·½» ®»¬®·»ª»¼

·² ¬¸» ´¿-¬ §»¿®

•ÇÑË ØßÊÛ ØÛÔÐÛÜ ÓÛ ÌÑ ÙÛÌ ÞßÝÕ ÑÒ ÌÎßÝÕô × ßÓ ÐÎÑËÜ ÑÚ ØÑÉ ÚßÎ × ØßÊÛ ÝÑÓÛ ßÒÜ × ßÓ ÔÑÑÕ×ÒÙ ÚÑÎÉßÎÜ ÌÑ ÌØÛ ÚËÌËÎÛ�ô

ïî

•ÌØÛ ÛÚÚÛÝÌÍ ÑÚ ÌØÛ ÐßÒÜÛÓ×Ý ØßÊÛ Ø×Ì ÓßÒÇ ÑÚ ÌØÛ ÇÑËÒÙ ÐÛÑÐÔÛ ßÒÜ ÚßÓ×Ô×ÛÍ ÉÛ ÉÑÎÕ É×ÌØ ×ÒÝÎÛÜ×ÞÔÇ ØßÎÜò ×ÒÝ×ÜÛÒÌÍ ÑÚ ÝØ×ÔÜÎÛÒ ÙÑ×ÒÙ Ó×ÍÍ×ÒÙ ßÒÜ ÞÛ×ÒÙ ÛÈÐÔÑ×ÌÛÜ ÝÑÒÌ×ÒËÛ ÌÑ Î×ÍÛò ÓßÒÇ ÐÛÑÐÔÛ ßÎÛ ÍËÚÚÛÎ×ÒÙ É×ÌØ ÐÑÑÎ ÓÛÒÌßÔ ØÛßÔÌØ ßÒÜ ÍÌÎËÙÙÔ×ÒÙ ÌÑ ÝÑÐÛ É×ÌØ ÌØÛ Ú×ÒßÒÝ×ßÔ ßÒÜ ÍÑÝ×ßÔ ×ÓÐßÝÌ ÑÚ ÓÑÒÌØÍ ÑÚ ÔÑÝÕÜÑÉÒÍ ßÒÜ ËÒÝÛÎÌß×ÒÌÇò

ÌØÛÎÛ ØßÍ ÒÛÊÛÎ ÞÛÛÒ ÓÑÎÛ ÜÛÓßÒÜ ÚÑÎ ÌØÛ ÍÛÎÊ×ÝÛÍ ÉÛ ÑÚÚÛÎô ßÒÜ ×Ì�Í ÌÛÍÌ×ÓÑÒÇ ÌÑ ÌØÛ ØßÎÜ ÉÑÎÕ ÑÚ ÑËÎ ÍÌßÚÚ ÌØßÌ ÌØÛ çôððð ÐÔËÍ ÐÛÑÐÔÛ ÉÛ ÉÑÎÕ É×ÌØ ßÎÛ ÍßÌ×ÍÚ×ÛÜ É×ÌØ ÑËÎ ÍËÐÐÑÎÌô ÚÛÛÔ ÍßÚÛÎ ßÍ ß ÎÛÍËÔÌ ßÒÜ ÎÛÐÑÎÌ ×ÓÐÎÑÊÛÜ ÓÛÒÌßÔ ØÛßÔÌØò�

ïí

----- Start of picture text -----
ÕßÌÛ ÉßÎÛØßÓô
----- End of picture text -----

Ó×ÜÔßÒÜÍ

ó Ò±®¬¸¿³°¬±² ó ݱª»²¬®§ ó ݱª»²¬®§

ÍÑËÌØ ÛßÍÌ

ó Í«®®»§ ó Í«®®»§ ó Ø¿³°-¸·®» ó Û--»¨ ÝØ×Ð ó ݱ´½¸»-¬»® ó Õ»²¬

ÒÑÎÌØ ÉÛÍÌ

ÔÑÒÜÑÒ

ó É·¹¿² ó ·²½´«-·ª» ±º ͬ Ø»´»²-ñÉ·®®¿´ ¿²¼ Õ²±©-´»§ ½±²¬®¿½¬- ÒÔÝÞÚ �Ò¿¬·±²¿´

ó Ý¿³¼»² ó ͱ½·¿´ Û²¬»®°®·-» ó Ý¿³¼»² ó Ý¿³¼»² ó É¿²¼-©±®¬¸ ó Ó»®¬±² ó Ó»®¬±²

ÛßÍÌ

ó Í«ºº±´µ ó Í«ºº±´µ ó Ò±®º±´µ ó Í«ºº±´µ

----- Start of picture text -----
ÑÊÛÎ çððð ÐÛÑÐÔÛ çëû ÎÛÐÑÎÌÛÜ
×ÓÐÎÑÊÛÜ ÓÛÒÌßÔ
----- End of picture text -----

----- Start of picture text -----
ØÛßÔÌØ
----- End of picture text -----

----- Start of picture text -----
çêû ÑÚ
ßÚÌÛÎ ËÍ×ÒÙ ÑËÎ
ÍÛÎÊ×ÝÛÍ
----- End of picture text -----

ïì

Î×ÍÕ ßÒÜ ÎÛÍ×Ô×ÛÒÝÛ

�

� � � � � Þ»­°±µ» Ý¿­» ®»-°±²-·ª» ¬± ²»»¼

ïë

×ÒÝÔËÍ×ÑÒ îî

• ×�Ó ÍÑ ÙÎßÌÛÚËÔ ßÒÜ ÌØßÒÕÚËÔ ÚÑÎ ÇÑËÎ ØÛÔÐ ò ÓÇ ÜßËÙØÌÛÎ ØßÍ ÞÛÝÑÓÛ ß ÝÑÒÚ×ÜÛÒÌ ÇÑËÒÙ ÔßÜÇô ÍØÛ ØßÍ ÔÛßÎÒÌ ÓßÒÇ ÍÕ×ÔÔÍ å ÛÇÛ ÝÑÒÌßÝÌ É×ÌØ ÐÛÑÐÔÛô ÛÈÐÎÛÍÍ×ÒÙ ÉØßÌ ÍØÛ ÎÛßÔÔÇ ÚÛÛÔÍ ßÒÜ ÒÑÌ ÉØßÌ ÍØÛ ÌØ×ÒÕÍ ÐÛÑÐÔÛ ÛÈÐÛÝÌò ×ÒÝÔËÍ×ÑÒîî ØßÍ ÉÑÎÕÛÜ ÞÎ×ÔÔ×ßÒÌÔÇ É×ÌØ ÓÇ ÜßËÙØÌÛÎ ßÒÜ ÓÛò ÌØÛÇ ØßÊÛ ÓßÜÛ ß Þ×Ù Ü×ÚÚÛÎÛÒÝÛ ÌÑ ÑËÎ Ô×ÊÛÍ ô ÌØÛÇ ßÎÛ ÊÛÎÇ ÍÐÛÝ×ßÔ ÐÛÑÐÔÛ �

----- Start of picture text -----
ÌØÛÇ ßÎÛ ÊÛÎÇ ÍÐÛÝ×ßÔ ÐÛÑÐÔÛ �
----- End of picture text -----

ïê

�ÌØ×Í ÇÛßÎô ÝßÌÝØîî ÛÜËÝßÌ×ÑÒ�Í ÍÝØÑÑÔÍ ØßÊÛ ÝÑÒÌ×ÒËÛÜ ÌÑ ÌØÎ×ÊÛ ×Ò ÕÛÇ ßÎÛßÍ ÑÚ ÐÛÎÍÑÒßÔ ÜÛÊÛÔÑÐÓÛÒÌô ÍØßÎ×ÒÙ ÛÈÐÛÎ×ÛÒÝÛ ßÒÜ ÞÛÍÌ ÐÎßÝÌ×ÝÛ ßÔÑÒÙ ÌØÛ ÉßÇ ò ÑËÎ ÌÎßËÓß ×ÒÚÑÎÓÛÜ ÍÝØÑÑÔÍ ØßÊÛ ÚÑÝËÍÍÛÜ ÑÒ ÛÒØßÒÝ×ÒÙ ÌØÛ×Î ÌØÛÎßÐÛËÌ×Ý ÑÚÚÛÎô É×ÌØ ×ÒóÍÝØÑÑÔ ×ÒÌÛÙÎßÌ×ÊÛ ÌØÛÎßÐ×ÍÌÍ ßÒÜ ÓÛÒÌßÔ ØÛßÔÌØ ÔÛßÜÛÎÍ ÐÎÑÊ×Ü×ÒÙ ÍÌÎÑÒÙ ÐßÍÌÑÎßÔ ÍËÐÐÑÎÌ ÌÑ ÍÌËÜÛÒÌÍ ÜËÎ×ÒÙ ÉØßÌ ØßÍô ÚÑÎ ÓßÒÇô ÞÛÛÒ ß Ü×ÚÚ×ÝËÔÌ ÇÛßÎò ÐÎÑÙÎÛÍÍ ØßÍ ßÔÍÑ ÞÛÛÒ ÓßÜÛ É×ÌØ ÑËÎ ×ÒÊÑÔÊÛÓÛÒÌ ×Ò ÌØÛ ÞÛØßÊ×ÑËÎ ØËÞÍ ÐÎÑÙÎßÓÓÛ ô ÞßÍÛÜ ÑÒ ß ÌØÛÎßÐÛËÌ×Ý ßÒÜ ÌÎßËÓß ×ÒÚÑÎÓÛÜ ÓÑÜÛÔ ÑÚ ÐÑÍ×Ì×ÊÛ ÎÛ×ÒÚÑÎÝÛÓÛÒÌ ÉØ×ÝØ ÚÑÝËÍÛÍ ÑÒ ÜÛÊÛÔÑÐ×ÒÙ ÍÛÔÚóÓßÒßÙÛÓÛÒÌ ßÒÜ ÛÓÑÌ×ÑÒßÔ ÎÛÙËÔßÌ×ÑÒò

ÑÌØÛÎ ßÝØ×ÛÊÛÓÛÒÌÍ ×ÒÝÔËÜÛ ßÔÔ ÍÝØÑÑÔÍ ÞÛ×ÒÙ ßÝÝÎÛÜ×ÌÛÜ É×ÌØ ÌØÛ ÓßÌÎ×È ÍÌßÒÜßÎÜ ÚÑÎ ×ÒÚÑÎÓßÌ×ÑÒô ßÜÊ×ÝÛ ßÒÜ ÙË×ÜßÒÝÛ ø×ßÙ÷ ÍÛÎÊ×ÝÛÍ ßÒÜ ÍÝØÑÑÔÍ� ÐßÎÌ×Ý×ÐßÌ×ÑÒ ×Ò ÌØÛ ËÒ×ÝÛÚ Î×ÙØÌÍ ÎÛÍÐÛÝÌ×ÒÙ ÍÝØÑÑÔÍ ×Ò×Ì×ßÌ×ÊÛ ßÒÜ ÜÛÔ×ÊÛÎÇ ÑÚ ß Î×ÙØÌÍ ÎÛÍÐÛÝÌ×ÒÙ ÝËÎÎ×ÝËÔËÓô ÚÑÎ ÉØ×ÝØ ÌØÛ ÚÛÒ Î×ÊÛÎÍ ßÝßÜÛÓÇ ØßÍ ÞÛÛÒ ßÉßÎÜÛÜ ×ÌÍ Í×ÔÊÛÎ ßÝÝÎÛÜ×ÌßÌ×ÑÒ ò ÌØÛ ÚÛÒ Î×ÊÛÎÍ ßÝßÜÛÓÇ ßÔÍÑ ßÝØ×ÛÊÛÜ ×ÌÍ ÒßÌ×ÑÒßÔ ÑÒÔ×ÒÛ ÍßÚÛÌÇ

ïé

ÝÛÎÌ×Ú×ÛÜ ÍÝØÑÑÔ ÍÌßÌËÍ ×Ò ÎÛÝÑÙÒ×Ì×ÑÒ ÑÚ ×ÌÍ ÝÑÓÓ×ÌÓÛÒÌ ÌÑ ÑÒÔ×ÒÛ ÍßÚÛÌÇò

ÉÛ�ÊÛ ÚÛÔÌ ÌØÛ ÎÛÝÎË×ÌÓÛÒÌ ÐÎÛÍÍËÎÛÍ ÌØßÌ ÑÌØÛÎÍ ×Ò ÌØÛ ÍÛÝÌÑÎ ØßÊÛ ÛÈÐÛÎ×ÛÒÝÛÜô ÝÑËÐÔÛÜ É×ÌØ ÔÛÙßÝÇ ÝØßÔÔÛÒÙÛÍ ÚÎÑÓ ÌØÛ ÐßÒÜÛÓ×Ýò ÉÛ ÝÑÒÌ×ÒËÛ ÌÑ ÐÎ×ÑÎ×Ì×ÍÛ ÌØÛ ÐÎÑÚÛÍÍ×ÑÒßÔ ÜÛÊÛÔÑÐÓÛÒÌ ÑÚ ÑËÎ ÜÛÜ×ÝßÌÛÜ ÍÌßÚÚô Ø×ÙØ ÏËßÔ×ÌÇ ÌÛßÝØ×ÒÙ ×Ò ßÔÔ ÑËÎ ÝÔßÍÍÎÑÑÓÍ ßÒÜ ÓÛÛÌ×ÒÙ ÌØÛ ÍßÚÛÌÇ ßÒÜ ÉÛÔÔÞÛ×ÒÙ

É×ÌØ èîû ßÝØ×ÛÊÛÓÛÒÌ ßÌ ÙÝÍÛ ßÒÜ ÌØÛ ÊßÍÌ ÓßÖÑÎ×ÌÇ ÑÚ ÍÝØÑÑÔ ÔÛßÊÛÎÍ ÌÎßÒÍ×Ì×ÑÒ×ÒÙ ÌÑ ÚËÎÌØÛÎ ÛÜËÝßÌ×ÑÒô ÛÓÐÔÑÇÓÛÒÌ ÑÎ ÌÎß×Ò×ÒÙ ÑÐÐÑÎÌËÒ×Ì×ÛÍ ô ÌØÛ ÛÜËÝßÌ×ÑÒ ØËÞ ÝÑÒÌ×ÒËÛÍ ÌÑ ÜÎ×ÊÛ ÚÑÎÉßÎÜ ×ÌÍ Ó×ÍÍ×ÑÒ � ÛÒßÞÔ×ÒÙ ÇÑËÒÙ ÐÛÑÐÔÛ ÌÑ ßÝØ×ÛÊÛ ÓÛßÒ×ÒÙÚËÔ ÏËßÔ×Ú×ÝßÌ×ÑÒÍ ßÒÜ ÐÎÑÙÎÛÍÍ ßÒÜ ÍËÝÝÛÛÜ ×Ò ÐÑÍ×Ì×ÊÛ ÜÛÍÌ×ÒßÌ×ÑÒÍò�

ÖßÒÛ ÎÛÛÜô

ÓËÔÌ× ßÝßÜÛÓÇ ÌÎËÍÌ

̸» ß-¸©±±¼ ß½¿¼»³§ ó Þ¿-·²¹-¬±µ» ̸» ß«-¬»² ß½¿¼»³§ ó Þ¿-·²¹-¬±µ» ̸» Þ®«²»´ ß½¿¼»³§ ó п·¹²¬±² ̸» Þ«®¬±² ß½¿¼»³§ ó ̱®¯«¿§ ̸» ݱ°°·½» Í°®·²¹ ß½¿¼»³§ ó Þ¿-·²¹-¬±µ» ̸» Ûª»®·¬¬ ß½¿¼»³§ ó Ô±©»-¬±º¬ ̸» Ú»² 窻®­ ß½¿¼»³§ ó Õ·²¹�­ Ô§²² ̸» Í°·®»- ß½¿¼»³§ ó Ò±®¬¸¿³°¬±²

×ÒÜÛÐÛÒÜÛÒÌ

Ò±®º±´µ ó Ò±®©·½¸ ÐÐÐ ó Ô¿¼¾®±±µ Ù®±ª»ô É»-¬ Ô±²¼±² Í«ºº±´µ ó ×°-©·½¸ Ѩº±®¼ ó Ѩº±®¼ É¿´»-ó Ò»©°±®¬

ïè

----- Start of picture text -----
ÔßÍÌ ÇÛßÎ ßÝÎÑÍÍ ÑËÎ ×ÒÜÛÐÛÒÜÛÒÌ
ßÒÜ ÓßÌ ÍÝØÑÑÔÍ
éîê ÐËÐ×ÔÍ ì ÍÝØÑÑÔÍ ÍßÉ
ÌßËÙØÌ ïððû ÑÚ ÌØÛ×Î ÔÛßÊÛÎÍ
ÐÎÑÙÎÛÍÍ ×ÒÌÑ
ÐÑÍ×Ì×ÊÛ ÜÛÍÌ×ÒßÌ×ÑÒÍ
èîû ÑÚ ÙÝÍÛ
øèîû ßÝÎÑÍÍ ßÔÔ ÑËÎ
ÛÒÌÎ×ÛÍ ÉÛÎÛ
ÍÝØÑÑÔÍ÷
ßÝØ×ÛÊÛÜ
----- End of picture text -----

ÌØÛ ßËÍÌÛÒ ßÝßÜÛÓÇ

¿²¼ ¬¸» »³±¬·±²¿´ ®»-·´·»²½» ¬¸»§ ²»»¼ ¬± ³¿²¿¹» ¬¸»·®

•×Ì ØßÍ ÞÛÛÒ ß ÝØßÔÔÛÒÙ×ÒÙ ÝÑËÐÔÛ ÑÚ ÇÛßÎÍ ÚÑÎ ÛÊÛÎÇÑÒÛô ÑËÎ ÍÌËÜÛÒÌÍ ×ÒÝÔËÜÛÜò ÉÛ ßÎÛ ÌØÎ×ÔÔÛÜ ÌÑ ÉÛÔÝÑÓÛ ÌØÛÓ ßÒÜ ÑËÎ ÝÑÓÓËÒ×ÌÇ ÌÑ ß ÍÝØÑÑÔ ÉØ×ÝØ ×Í ÌØÛ Ú×ÎÍÌ ×Ò ÌØÛ ßÎÛß ÍÐÛÝ×Ú×ÝßÔÔÇ ÜÛÍ×ÙÒÛÜ ÌÑ ×ÓÐÎÑÊÛ ÌØÛ ÚËÌËÎÛ ÑÐÐÑÎÌËÒ×Ì×ÛÍ ÑÚ ÝØ×ÔÜÎÛÒ É×ÌØ ßËÌ×ÍÓò ÑËÎ ÍÌËÜÛÒÌÍ ßÎÛ ÜÑ×ÒÙ ÛÈÝÛÐÌ×ÑÒßÔÔÇ ÉÛÔÔò�

----- Start of picture text -----
ïç
----- End of picture text -----

ïððû ÑÚ ßÔÔ ÔÛßÊÛÎÍ ÍËÍÌß×ÒÛÜ ÌØÛ×Î ÐÑÍ×Ì×ÊÛ ÜÛÍÌ×ÒßÌ×ÑÒ ËÐ ÌÑ ïî ÓÑÒÌØÍ ßÚÌÛÎ ÔÛßÊ×ÒÙ

�×�Ó ÊÛÎÇ ÐÎÑËÜ ÑÚ ÌØÛ ÐÎÑÙÎÛÍÍ ÌØßÌ ØßÍ ÞÛÛÒ ÓßÜÛ ßÌ ×ÒÝÔËÜÛ ÉßÔÛÍò ×Ì ×Í ÝÎÛÜ×Ì ÌÑ ÌØÛ ØßÎÜ ÉÑÎÕ ßÒÜ ÛÒÌØËÍ×ßÍÓ ÑÚ ÑËÎ ÍÌßÚÚ ßÒÜ ÍÌËÜÛÒÌÍ ÌØßÌ ÛÍÌÇÒ ØßÊÛ ßÝÕÒÑÉÔÛÜÙÛÜ ÑËÎ ÍÌÎÛÒÙÌØÍ ßÒÜ ÍËÝÝÛÍÍÛÍ ò�

îð

�ÌØ×Í ÇÛßÎ ÉÛ�ÊÛ ÍËÐÐÑÎÌÛÜ ÓÑÎÛ ÌØßÒ ïïôððð ÐÛÑÐÔÛ ÌÑ ÞÛÌÌÛÎ ÐÎÛÐßÎÛ ÌØÛÓÍÛÔÊÛÍ ÚÑÎ ÌØÛ ÉÑÎÔÜ ÑÚ ÉÑÎÕ � ßÒÜ ÎÛÓß×ÒÛÜ ÝÑÓÓ×ÌÌÛÜ ÌÑ ÑËÎ ßÐÐÎÑßÝØ ÑÚ ØÛÔÐ×ÒÙ ÐÛÑÐÔÛ ÍÛÝËÎÛ ÒÑÌ ÖËÍÌ ßÒÇ ÖÑÞô ÞËÌ ß ÙÑÑÜ ÖÑÞò ÌØßÒÕÍ ÌÑ ÑËÎ ÚßÒÌßÍÌ×Ý ÐßÎÌÒÛÎÍ ßÒÜ ÜÛÜ×ÝßÌÛÜ ÍÌßÚÚô ÉÛ�ÎÛ ÜÛÔ×ÊÛÎ×ÒÙ ÐÎÑÙÎßÓÓÛÍ ÌØßÌ ßÎÛ ÛÏË×ÐÐ×ÒÙ ÐÛÑÐÔÛ É×ÌØ ÌØÛ ÍÕ×ÔÔÍ ÒÛÛÜÛÜ ÚÑÎ ÙÎÑÉÌØ ÍÛÝÌÑÎÍå Ü×Ù×ÌßÔ ßÒÜ ÌÛÝØô ÙÎÛÛÒ ÖÑÞÍ ßÒÜ ØÑÍÐ×ÌßÔ×ÌÇò

•ÉÛ ØßÊÛ ÛÓÞÎßÝÛÜ ÌØÛ Õ×ÝÕÍÌßÎÌ ÐÎÑÙÎßÓÓÛô Ü ÛÔ×ÊÛÎ×ÒÙ Ø×ÙØ ÏËßÔ×ÌÇ ÐÔßÝÛÓÛÒÌÍ ÌØÎÑËÙØ ÑËÎ Õ×ÝÕÍÌßÎÌ ÝÑÓÓËÒ×ÌÇ ßÒÜ ÔßÌÌÛÎÔÇ ÇÛßÎ ÑÚ ÍÛÎÊ×ÝÛò ÑËÎ ÒÝÍ ÐÎÑÙÎßÓÓÛÍ ÝÑÒÌ×ÒËÛ ÌÑ ÌØÎ×ÊÛ ßÒÜ ÉÛ�ÎÛ ÛÈÝ×ÌÛÜ ÌÑ ÞÛ ÞË×ÔÜ×ÒÙ ÝÔÑÍÛÎ Ô×ÒÕÍ ÞÛÌÉÛÛÒ ÑËÎ ÝÑÔÔÛÙÛ ÍÌËÜÛÒÌÍ ßÒÜ ÛÓÐÔÑÇßÞ×Ô×ÌÇ ÐÎÑÙÎßÓÓÛÍ ÌØÎÑËÙØ ß ÒÛÉ ÐßÎÌÒÛÎÍØ×Ð ×Ò ÌØÛ ÝÑÓ×ÒÙ ÇÛßÎò�

ÝÑÔÔÛÙÛÍ

ÒÝÍ

Þ·-¸±° ß«½µ´¿²¼ Ù®»¿¬ Ç¿®³±«¬¸ Õ»²¬ Ó¿·¼-¬±²» Ò±¬¬·²¹¸¿³ 묻®´»» ͱ«¬¸»²¼ ̸»¬º±®¼

Ü«®¸¿³ ݱ«²¬§ô Ò»©½¿-¬´»ô Ò±®¬¸ ̧²»-·¼» Ø»®»º±®¼-¸·®»ô ͸®±°-¸·®»ô Ì»´º±®¼ ¿²¼ É®»µ·²ô ɱ´ª»®¸¿³°¬±²ô ɱ®½»-¬»®-¸·®» ݸ»-¸·®» Û¿-¬ Ó¿²½¸»-¬»®ô Ñ´¼¸¿³ô Í»º¬±²ô ͬ±½µ°±®¬ô Ì¿³»-·¼»ô É·®®¿´ Þ®¿½µ²»´´ ÅÛ³°´±§¿¾·´·¬§ô ݱ´´»¹»- ¿²¼ ÒÝÍ ³¿°ÃÚ±®»-¬ô Û¿-¬ Í«--»¨ô Ø¿³°-¸·®»ô É»-¬ Þ»®µ-¸·®»ô É·²¼-±® ¿²¼ Ó¿·¼»²¸»¿¼ô ɱµ·²¹¸¿³ Þ¿µ»©»´´ô Þ»´°»®ô Þ«¨¬±²ô

ÛÓÐÔÑÇßÞ×Ô×ÌÇ

Þ¿®½´¿§- Ô·º»Íµ·´´- øÔ±²¼±²ô Ô·ª»®°±±´ ¿²¼ Ó¿²½¸»-¬»®÷ Þ®·¹¸¬ Ô·¹¸¬ øÔ±²¼±²÷ Ü·¹·¬¿´ Û¼¹» øÔ±²¼±² ¿²¼ Ó¿²½¸»-¬»®÷ ͱ½·¿´ Í©·¬½¸ øÔ±²¼±²÷ ײ-°·®·²¹ ݱ²²»½¬·±²- øÔ±²¼±²÷ Ü·¹·¬¿´ Ô»¿° ÖÐ Ó±®¹¿² ײ-°·®·²¹ Ú¿³·´·»Ú¿³·´§ ɱ®µÖÛÌ-

×´µ»-¬±²ô Õ»¬¬»®·²¹ô É»´´·²¹¾±®±«¹¸ Þ¿¬¸ ¿²¼ Þ®·-¬±´

îï

ÔßÍÌ ÇÛßÎ ×Ò ÛÓÐÔÑÇßÞ×Ô×ÌÇ�

ïïôððð ÐÛÑÐÔÛ ÖÛÌÍ É×ÒÍ ÛÎÍß ÍËÐÐÑÎÌÛÜ • Ø×ÜÜÛÒ ØÛÎÑÛÍ � ÌÛßÓ ÌØÎÑËÙØ ÑËÎ ÑÚ ÌØÛ ÇÛßÎ ßÉßÎÜ ÐÎÑÙÎßÓÓÛÍ ÒÛÉ ÐßÎÌÒÛÎÍ ÞÎ×ÙØÌ Ô×ÙØÌ ×ÒÝÔËÜ×ÒÙ ÖÐ ÓÑÎÙßÒ É×ÒÍ ÌØÛ ÝßÎÛ ú ÝØßÍÛô ÍßÔÛÍÚÑÎÝÛ ÔÛßÊÛÎÍ ÝßÌÛÙÑÎÇ ×Ò ÌØÛ ÝØ×ÔÜÎÛÒ ßÒÜ ÇÑËÒÙ ÐÛÑÐÔÛ ßÉßÎÜÍ îðîï

ÝßÌÝØîî Ü×Ù×ÌßÔ

22 HORIZONS Launched in early 20201, Horizons was set up to initially help 400 people who face barriers to work into jobs and training. Supported by JP Morgan. and most recently Rothschild Foundation, the programme is one of the f irst programmes to address both unemploymènt and undèremployment: where work is either IDW paid. unstable or without opportunities to progress. v rt I Participants received.. Support from Career Advisors Group pre-employability support Volunteer-supported inspiration sessions A menu of technical training options In-work support.. Participants will receive up to 6 months in-work support from the Catch22 team. The programme also provides access to laptops and connectivity support for young people where digital exclusion presents a barrier. JOBS 22 Jobs 22- the newlolntventure created by Catch22 and Australlan provlder of human service and skills, Angus Knight- was awarded a major contract as part of the Department forwork and Pensions. Restart Programme.The contract is for4.5 ygars from July 2021, with th8 aim of $ecuringjob$ for around 40,000 pooplg and 1$ worth morethan £200m. Jobs 22 is providing employability support for job seekers in East Central England covering the East Midlands, Lincolnshire, Bedfordshire, Luton and Stoke and Staffordshire. Take a look at the Jobs 22 customer journey Jobs 22 Customer Journey From warm referral to job outcome: the Jobs22 customer journey

îí

ÒÝÍ

ÔßÍÌ ÇÛßÎ ×Ò ÒÝÍ� èéû ÑÚ ÐßÎÌ×Ý×ÐßÒÌÍ }êêôççè Îß×ÍÛÜ ÝÑÓÐÔÛÌÛÜ ÌØÛ ÑÊÛÎ ÌØÛ ÍËÓÓÛÎ ÚÑÎ ÐÎÑÙÎßÓÓÛ ÔÑÝßÔ ÙÑÑÜ ÝßËÍÛÍ

----- Start of picture text -----
� Ø»¿´¬¸ ú É»´´¾»·²¹ �
� � �
� � Û³°´±§¿¾·´·¬§ �
----- End of picture text -----

îì

ÔßÍÌ ÇÛßÎ

ììê ÔÛßÎÒÛÎÍ

ééé ß×ÓÍ ÉÛÎÛ ßÝØ×ÛÊÛÜ ô ×ÒÝÔËÜ×ÒÙ ÏËßÔ×Ú×ÝßÌ×ÑÒÍ ßÒÜ ÉÑÎÕ ÛÈÐÛÎ×ÛÒÝÛ ÐÔßÝÛÓÛÒÌÍ

èïû ÑÚ ÑËÎ ÇÑËÒÙ ÐÛÑÐÔÛ ÐÎÑÙÎÛÍÍÛÜ ×ÒÌÑ ß ÐÑÍ×Ì×ÊÛ ÜÛÍÌ×ÒßÌ×ÑÒ ÍÌËÜÇ ÐÎÑÙÎßÓÓÛ ÎßÌÛÜ ÙÑÑÜ ÞÇ ÑÚÍÌÛÜ

îë

¿ ¬¿·´±®»¼ ´»¿®²·²¹ °®±¹®¿³³» ½¿² °·½µ º®±³ ¿ ®¿²¹» ±º ´»¿®²·²¹

þ ÝßÌÝØ îî ØßÍ ×ÓÐÎÑÊÛÜ ÓÇ ÝÑÒÚ×ÜÛÒÝÛ ßÒÜ × ÝßÒ ÒÑÉ ÙÛÌ ÌØÛ ÙÎßÜÛÍ ÌØßÌ × ÉßÒÌòþ

þÌØÛÇùÊÛ ØÛÔÐÛÜ ÓÛ ÐßÍÍ ÓÇ ÙÝÍÛ ÓßÌØÍ ßÒÜ ×ÔÔ ÍÑÑÒ ÙÛÌ ÓÇ ÛÒÙÔ×ÍØ ßÍ ÉÛÔÔò Í×ÒÝÛ ÞÛ×ÒÙ ØÛÎÛô ÓÇ ßÌÌ×ÌËÜÛ ÌÑÉßÎÜÍ ÔÛßÎÒ×ÒÙ ØßÍ ßÔÍÑ ÝØßÒÙÛÜ ÜÎßÍÌ×ÝßÔÔÇòþ

þÝßÌÝØ îî ×Í ß ÙÎÛßÌ ÐÔßÝÛ ÌÑ ÞÛò ÌÛßÝØÛÎÍ Ù×ÊÛ ßÜÊ×ÝÛ ßÒÜ ØÛÔÐ ÍÌËÜÛÒÌÍ ÎÛßÝØ ÉØßÌ ÌØÛÇ ÉßÒÌ ÌÑ ßÝØ×ÛÊÛ ×Ò ÌØÛ×Î Ô×ÊÛÍòþ

----- Start of picture text -----
îê
----- End of picture text -----

•ÉØÛÒ × ÍßÌ ÜÑÉÒ ÌÑ ÉÎ×ÌÛ ÓÇ ÎÛÊ×ÛÉ ÑÚ îðîðô ÉÛ ÉÛÎÛ ÍÌ×ÔÔ ×Ò ÌØÛ Ó×ÜÍÌ ÑÚ ÌØÛ ÝÑÊ×Üóïç ÐßÒÜÛÓ×Ýô ßÒÜ ÉØ×ÔÍÌ ÌØÛ ÎÛÝÑÊÛÎÇ ×Í ÍÌ×ÔÔ ÑÒÙÑ×ÒÙ ßÒÜ ÚÑÎ ÓßÒÇô ÍÌ×ÔÔ ×Ò ÌØÛ ÛßÎÔÇ ÍÌßÙÛÍô ÌØÛÎÛ ØßÊÛ ÞÛÛÒ ÍÑÓÛ ÜÛÚ×Ò×ÌÛ ÙÎÛÛÒ ÍØÑÑÌÍ ÌØßÌ ÍØÑËÔÜ ÞÛ ÝÛÔÛÞÎßÌÛÜò

ÌØÛ ÔßËÒÝØ ßÒÜ ÍËÝÝÛÍÍ ÑÚ ÍÌÛÐîî � ØÛÔÐ×ÒÙ ÐÛÑÐÔÛ ÌÑ ÚÑÎÙÛ ß ÝßÎÛÛÎ É×ÌØ×Ò ÌØÛ ØÑÍÐ×ÌßÔ×ÌÇ ÍÛÝÌÑÎ ßÒÜ ß×Ü×ÒÙ ÌØÛ ÍÛÝÌÑÎ ÍÐÎ×ÒÙ ÞßÝÕ ÚÎÑÓ ÌØÛ ÐßÒÜÛÓ×Ý ßÒÜ ÎÛÝÎË×Ì ÙÎÛßÌ ÐÛÑÐÔÛ ØßÍ ÞÛÛÒ ß ÎÛßÔ Ø×ÙØÔ×ÙØÌ ÚÑÎ ÓÛò

ÉÛ ÔßËÒÝØÛÜ ÑËÎ ÌÎß×ÒÛÛÍØ×Ð ÐÎÑÊ×Í×ÑÒô ÜÛÔ×ÊÛÎ×ÒÙ ÐÑÍ×Ì×ÊÛ ÑËÌÝÑÓÛÍ ÌÑ ß ÒËÓÞÛÎ ÑÚ ÇÑËÒÙ ÐÛÑÐÔÛ ×Ò ÔÑÒÜÑÒò

ßÒÜ ÌØÛ ÏËßÔ×ÌÇ ÑÚ ÑËÎ ßÐÐÎÛÒÌ×ÝÛÍØ×Ð ÐÎÑÊ×Í×ÑÒ ×ÓÐÎÑÊÛÜô ÜÛÔ×ÊÛÎ×ÒÙ ÚßÒÌßÍÌ×Ý ÌÎß×Ò×ÒÙ ÌÑ ÑËÎ ßÐÐÎÛÒÌ×ÝÛÍ ßÝÎÑÍÍ ÌØÛ ØÑÍÐ×ÌßÔ×ÌÇô ØÑËÍ×ÒÙ ßÒÜ ÞËÍ×ÒÛÍÍ ÍÛÎÊ×ÝÛÍ ÍÛÝÌÑÎÍò

ÌØÛ ÔßÍÌ ïî ÓÑÒÌØÍ ØßÊÛ ÓÑÍÌ ÝÛÎÌß×ÒÔÇ ÞÛÛÒ ß ÐÛÎ×ÑÜ ÑÚ ÞÑÌØ ÎÛÝÑÊÛÎÇ ßÒÜ ÙÎÑÉÌØò�

ÝØÎ×Í ÍÌÑÕÛÎóÖÑÒÛÍô

îé

ÔßÍÌ ÇÛßÎ

ÑËÎ ßÐÐÎÛÒÌ×ÝÛÍØ×Ð ßÒÜ ÝÑÔÔÛÙÛ ÐÎÑÊ×Í×ÑÒ ÉßÍ ÎßÌÛÜ ÙÑÑÜ ÞÇ ÑÚÍÌÛÜ

êéû ÑÚ ßÐÐÎÛÒÌ×ÝÛÍ ÎÛÐÑÎÌ ÌØßÌ ÌØÛÇ ØßÊÛ ÎÛÝÛ×ÊÛÜ ß ÐßÇ Î×ÍÛ ßÍ ß ÎÛÍËÔÌ ÑÚ ßÝØ×ÛÊ×ÒÙ ÌØÛ×Î ßÐÐÎÛÒÌ×ÝÛÍØ×Ð

êïû ÑÚ ÑËÎ ßÐÐÎÛÒÌ×ÝÛÍ ßÝØ×ÛÊÛ ß Ü×ÍÌ×ÒÝÌ×ÑÒ ÙÎßÜÛ ×Ò ÌØÛ×Î ÛÒÜ ÐÑ×ÒÌ ßÍÍÛÍÍÓÛÒÌ

ßÌÌÛÒÜßÒÝÛ ßÌ ÌËÌÑÎ×ßÔÍ ØßÊÛ ×ÒÝÎÛßÍÛÜ ÚÎÑÓ íçû ÌÑ çèû Í×ÒÝÛ ÌØÛ ÒÛÉ ÞÔÛÒÜÛÜ ßÐÐÎÑßÝØ ÉßÍ ×ÓÐÔÛÓÛÒÌÛÜ

ééû ÑÚ ÑËÎ ÌÎß×ÒÛÛÍØ×Ð ÍÌËÜÛÒÌÍ ÐÎÑÙÎÛÍÍÛÜ ÌÑ ß ÐÑÍ×Ì×ÊÛ ÜÛÍÌ×ÒßÌ×ÑÒ ÑÚ ÛÓÐÔÑÇÓÛÒÌô ÚÛ ÑÎ ßÐÐÎÛÒÌ×ÝÛÍØ×ÐÍ

çéû ÑÚ ÒÛÉ ÛÓÐÔÑÇÛÎÍ ÛÒÙßÙÛÜ É×ÌØ ×Ò îðîï ßÎÛ ÒÛÉ ÌÑ ËÍ×ÒÙ ßÐÐÎÛÒÌ×ÝÛÍ

ØÇÞÎ×Ü ÜÛÔ×ÊÛÎÇ

çìû ÎÛÐÑÎÌÛÜ ÌØßÌ ÌØÛ ÒÛÉ ÞÔÛÒÜÛÜ ÜÛÔ×ÊÛÎÇ

îè

ÍÌÛÐ îî

·- ¿¾´» ¬± °®±ª·¼» ¿ -»®ª·½» ¿½®±-- ¬¸» ª¿-¬

ÐÎÑÐÛÎÌÇ

ÌÎß×ÒÛÛÍØ×ÐÍ

îç

•ÉÛ ßÎÛ ×ÓÓÛÒÍÛÔÇ ÐÎÑËÜ ÑÚ ÌØÛ ÎÛßÔ ×ÓÐßÝÌ ÝÑÓÓËÒ×ÌÇ Ô×ÒÕÍ ØßÍ ØßÜ ×Ò ÒÛÉØßÓ ßÒÜ ÞÛÇÑÒÜ ÑÊÛÎ ÌØÛ ÔßÍÌ ïî ÓÑÒÌØÍò ÚßÝÛÜ É×ÌØ ÑÒÛ ÑÚ ÌØÛ ÓÑÍÌ ÝØßÔÔÛÒÙ×ÒÙ ÛÒÊ×ÎÑÒÓÛÒÌÍ ×Ò ÎÛÝÛÒÌÔÇ Ø×ÍÌÑÎÇ ÑËÎ ÎÛÍÐÑÒÍÛ ØßÍ ÞÛÛÒ ×ÓÓÛÜ×ßÌÛô ÛÈÌÛÒÍ×ÊÛô ßÒÜ ÍËÍÌß×ÒÛÜò ßÔÔ ÌØ×Í ØßÎÜ ÉÑÎÕ ØßÍ ÑÒÔÇ ÞÛÛÒ ÐÑÍÍ×ÞÔÛ ÌØÎÑËÙØ ÌØÛ ÙÑÑÜÉ×ÔÔ ßÒÜ ÙÛÒÛÎÑÍ×ÌÇ ÑÚ ÑËÎ ÓßÒÇ ÚËÒÜÛÎÍ ßÒÜ ÍËÐÐÑÎÌÛÎÍ ÚÎÑÓ ßÝÎÑÍÍ ÌØÛ ÝÑËÒÌÎÇò ÐËÌ Í×ÓÐÔÇô ÒÑÒÛ ÑÚ ÑËÎ ßÝØ×ÛÊÛÓÛÒÌÍ ÉÑËÔÜ ØßÊÛ ÞÛÛÒ ÐÑÍÍ×ÞÔÛ É×ÌØÑËÌ ÇÑË ó ÍÑ ÌØßÒÕ ÇÑË Í×ÒÝÛÎÛÔÇò�

ßÜÊ×ÝÛ ÌÛßÓ ÍËÐÐÑÎÌÛÜ ØÛßÔÌØ ÌÛßÓ ×ÒÌÛÎßÝÌ ß ÌÑÌßÔ ÑÚ É×ÌØ éçôêîï ÐÛÑÐÔÛ

ÝÑÊ×Üóïç ØÛÔÐÔ×ÒÛ ÍËÐÐÑÎÌÛÜ ÓÑÎÛ ÌØßÒ ïîôððð ÒÛÉØßÓ ÎÛÍ×ÜÛÒÌÍ

Ô×ÒÕÍ ÍÌËÜ×ÑÍ

30 DRIVING CHANGE REFORM AGENDA £•tc Catch22 has an ambitious reform agenda. We wantto reform the youth employment system in order to level the playing field for every young person out of work. Our aim is to tackle both youth unemployment and underemployment Iwhere work is insecure, short term or low paid). At Catch22 we have an ambitious reform agenda View this animation ONLINE HARMS In 2021 we launched our major research report entitled= Children and Young Peoples, Experiences of Online Harms. Acceptable Use, and Regulation, thanks to funding from the Mayor of London's Violence Reduction Unit.

31 DIGITAL EXCLUSION In June we launched our Vision for a Digitally Included Britain in the attempt to end digital poverty and achieve 1000/ digital inclusion by 2030, by ensLJring'. Everyone is able to access appropriate devices that allow them to connect to the internet. Everyone has easy access to high speed, quality, broadband, Every school-aged child is given. or has access to a personal, age-appropriate device, data and skills package upon starting school, Basic digital skills training is available to everyone, regardless of age, through local community hubs, and Everyone has access to the information they need to stay safe online. Through our partnership with Nominet, we're looking at the barriers to digital skills that many young people face. Through this year we'll be producing a series of research papers and making recommendations on what needs to happen to create a truly digitally included nation. OUR PARTNERS , Microsoft salesforce * BARCLAYS l Lifeskills SUPPORTED grid MAYOR OF LONDON JP,Il()iii'..I ROTHSCHILD Cii.Ibi. &C:o. FOUNDATION Deloitte. CAST THE CLOTHWORKERS. FOUNDATION Avast Foundation ',N NOMINET nFpSynergy" SOC ETY CAPITAL helping non-profits thrive Social Business Trust LEARNING AND WORK INSTITUTE NPC New Philanthrow Capital

íî

Ú×ÒßÒÝ×ßÔ

ÌØÛ ÙÎÑËÐ�Í Ú×ÒßÒÝ×ßÔ ÐÛÎÚÑÎÓßÒÝÛ ÑÊÛÎ ÌØÛ ÇÛßÎ ÉßÍ ÍÌÎÑÒÙ ô ÜÛÍÐ×ÌÛ ÌØÛ ÝÑÊ×Üóïç ÐßÒÜÛÓ×Ý ÌØßÌ ×ÓÐßÝÌÛÜ ÌØÛ ÉØÑÔÛ ÑÚ ÌØ×Í Ú×ÒßÒÝ×ßÔ ÇÛßÎò ÌØÛ ÝÑÒÌ×ÒËÛÜ ÍËÐÐÑÎÌ ÑÚ ÑËÎ ÝÑÓÓ×ÍÍ×ÑÒÛÎÍ ßÒÜ ÚËÒÜÛÎÍô ÌÑÙÛÌØÛÎ É×ÌØ ÌØÛ ÚÔÛÈ×ÞÔÛ ßÒÜ ×ÒÒÑÊßÌ×ÊÛ ßÐÐÎÑßÝØÛÍ ÑÚ ÑËÎ ÍÌßÚÚ ÛÒßÞÔÛÜ ËÍ ÌÑ ÝÑÒÌ×ÒËÛ ÌÑ ÜÛÔ×ÊÛÎ ÏËßÔ×ÌÇ ÍÛÎÊ×ÝÛÍ ÌÑ ÓÛÛÌ ÌØÛ ÒÛÛÜÍ ÑÚ ÑËÎ ÞÛÒÛÚ×Ý×ßÎ×ÛÍ ò ÉÛ ÉÛÎÛ ßÔÍÑ ßÞÔÛ ÌÑ Óß×ÒÌß×Ò ÍÌÎÑÒÙ ÝÑÒÌÎÑÔ ÑÊÛÎ ÑËÎ ÑÐÛÎßÌ×ÒÙ ÝÑÍÌÍô ÉØ×ÔÍÌ ÝÑÒÌ×ÒË×ÒÙ ÌÑ ×ÒÊÛÍÌ ×Ò ÌØÛ ÑÎÙßÒ×ÍßÌ×ÑÒô ßÒÜ ÙÛÒÛÎßÌÛ ß ÍÌÎÑÒÙ ×ÒÝÑÓÛ ÍËÎÐÔËÍ ÚÑÎ ÌØÛ ÇÛßÎò

É» ¿®» ¹®¿¬»º«´ º±® ¬¸» -«°°±®¬ °®±ª·¼»¼ ¾§ ¬¸» Ò¿¬·±²¿´ Ô±¬¬»®§ ݱ³³«²·¬·»- Ú«²¼ ¬± ¾±¬¸ ¬¸» ݱª·¼óïç °¿²¼»³·½ò

ײ ¿¼¼·¬·±²ô ¬¸» ª¿´«» ±º ±«® ·²ª»-¬³»²¬ °±®¬º±´·± ¬®·¹¹»®»¼ ¾§ ¬¸» ±«¬¾®»¿µ ±º ¬¸» °¿²¼»³·½ô ©¸·½¸ ½±³¾·²»¼ ©·¬¸ ±«® ±°»®¿¬·²¹ -«®°´«- ¸¿¼ ´»¼ ¬± ¿

ß´-±ô ¼«®·²¹ ¬¸» §»¿® η°°´»¦ Ý×Ý ³»®¹»¼ ©·¬¸ Ý¿¬½¸îîò η°°´»¦ ¼»´·ª»®»¼ ¿ ®¿²¹» ±º »ª·¼»²½»ó¾¿-»¼ »¿®´§ ·²¬»®ª»²¬·±² ¿²¼ ·²¬»²-·ª» ¸±³» ª·-·¬·²¹ -»®ª·½»- ·² ¬¸» Û¿-¬ Ó·¼´¿²¼-ô Ý¿¬½¸îî ¿·³ ¬± ½±²¬·²«» ©·¬¸ ¬¸·- ©±®µ ¿²¼ ©·´´ -»»µ ¬± »¨°¿²¼ ·¬ ·²¬± ±¬¸»® ¹»±¹®¿°¸·»-ò

Ñ«® °¿®¬²»®-¸·° ©±®µ ©·¬¸ ½±®°±®¿¬» º«²¼»®- ½±²¬·²«»¼ ¬± »¨°¿²¼ ©·¬¸ ²»© º«²¼·²¹ °¿®¬²»®-¸·°- -»½«®»¼ ©·¬¸ Í¿´»-º±®½»ô ÖòÐò Ó±®¹¿²ô ¿²¼ Ò¿¬·±²¿´ Ù®·¼ ¿³±²¹-¬ ±¬¸»®-ò ̸·- ·- ¿ º«²¼·²¹ ¿®»¿ ©» ¿·³ ¬± ½±²¬·²«» ¬±

Ü«®·²¹ ¬¸» §»¿® ݱ³³«²·¬§ Ô·²µ- Ì®«-¬ô ¿² »¨·-¬·²¹ ½¸¿®·¬§ ©·¬¸·² ¬¸» ¹®±«°ô ³»®¹»¼ ©·¬¸ Ý¿¬½¸îîò ̸» ¿·³- ±º ¬¸» ³»®¹»® ©»®» ¬± -»½«®» ¬¸» -«-¬¿·²¿¾·´·¬§ ±º ݱ³³«²·¬§ Ô·²µ­� ©±®µ ·² Ò»©¸¿³ ¿²¼ Ù®»¿¬»® Ô±²¼±² ¿²¼ ¬± °®±ª·¼» ¿ °´¿¬º±®³ º±® ¬¸·- ©±®µ ¬± ¹®±© ·² ¾±¬¸ -½±°» ¿²¼ -½¿´» ¿´±²¹ ©·¬¸ °®±ª·¼·²¹ -±³»

·²²±ª¿¬» ¿²¼ ¼»´·ª»® ±² ±«® ®»º±®³ ¿¹»²¼¿ò

íí

Ñ«® Ö«­¬·½» �¬¸®±«¹¸ó¬¸»ó¹¿¬»� ½±²¬®¿½¬­ »²¼»¼ ·² Ö«²» îðîïô ¾«¬ ©» -«½½»--º«´´§ -»½«®»¼ ç ½±²¬®¿½¬-ô ³¿·²´§ ·² Ô±²¼±² ¿²¼ ¬¸» ͱ«¬¸ É»-¬ ±º Û²¹´¿²¼ô ¬± °®±ª·¼» �°»®­±²¿´ ©»´´¾»·²¹� ­«°°±®¬ º±® °®·­±²»® ´»¿ª»®­ ±² ´·½»²½» ¿²¼ ¬¸±-» -»®ª·²¹ ½±³³«²·¬§ -»²¬»²½»-ò

¿²¼ ¾»§±²¼ô ©·¬¸ ®»-±«®½»- ¿ª¿·´¿¾´» º±® ¬¸» ±®¹¿²·-¿¬·±² ¬± ¹®±© ·²¬± ²»© ¹»±¹®¿°¸·»- ¿²¼ ²»© ¿®»¿- ±º -«°°±®¬ ©¸·´-¬ ·²ª»-¬·²¹ ·² ¬¸» ±®¹¿²·-¿¬·±²-±³» -¸»´¬»® º®±³ ¬¸» »½±²±³·½ ¸»¿¼©·²¼- ¿²¼ ¬¸» »ª»®ó·²½®»¿-·²¹ ²»»¼- ±º ±«® -»®ª·½» «-»®-ò

ß«¹«-¬ îðîï ·- -»¬ ±«¬ ·² ¬¸» ͬ¿¬»³»²¬ ±º Ú·²¿²½·¿´ ß½¬·ª·¬·»-ò

Ó±ª»³»²¬- ·² ¬¸» λ-¬®·½¬»¼ л²-·±² Ú«²¼- ¿²¼ λ-¬®·½¬»¼ Ú·¨»¼ ß--»¬ Ú«²¼- ®»´¿¬» ¬± ¬¸» ±°»®¿¬·±²±º ¬¸» Ý¿¬½¸îî Ó«´¬· ß½¿¼»³·»- Ì®«-¬ øÓßÌ÷ ¿²¼ ·² °¿®¬·½«´¿® ¬¸» »-¬¿¾´·-¸³»²¬ ±º ²»© ¿½¿¼»³·»-ò ̸» ¬¸»®»º±®» ¾»¬¬»® ®»°®»-»²¬»¼ ¾§ ¬¸» ³±ª»³»²¬- ±² λ-¬®·½¬»¼ Ú«²¼-ô ¼»½®»¿-» ±º }ðòì³ øîðîðæ ¼»½®»¿-» ±º }ðòï³÷ ¿²¼ ˲®»-¬®·½¬»¼ Ú«²¼-ô ·²½®»¿-» ±º }îòì³ øîðîðæ ¼»½®»¿-» ±º }ðòí³÷ò

̸» ·²½®»¿-» ·² ˲®»-¬®·½¬»¼ Ú«²¼- ·- ¿º¬»® ²»¬ »¨½»°¬·±²¿´ ·¬»³- »¨°»²¼·¬«®» ±º }ðòê³ øîðîðæ ·²½±³» ±º }ðòç³÷ô ®»´¿¬·²¹ ¬± ¬¸» ½´¿©¾¿½µ ±º º«²¼¼«» ¬± ²±²ó¼»´·ª»®§ ¾§ ¿ -«¾½±²¬®¿½¬±®ô ¬¸» ½±-¬±º ±®¹¿²·-¿¬·±²¿´ ®»-¬®«½¬«®»-ô ¬¸» ·³°¿·®³»²¬ ±º ݱ²²»½¬ ËÕ º®±³ ¬¸» ¹®±«°ò

Ѫ»®¿´´ô ¬¸» ¹®±«°�­ ½±²­±´·¼¿¬»¼ ¾¿´¿²½» ­¸»»¬ ¸¿­ -¬®»²¹¬¸»²»¼ º«®¬¸»® ¼«®·²¹ ¬¸» §»¿®ô ©·¬¸ λ-¬®·½¬»¼ λ-»®ª»- ±º }ìòð³ øîðîðæ }ìòì³÷ ¿²¼ ˲®»-¬®·½¬»¼ λ-»®ª»- ±º }ïïòé³

øîðîðæ }çòí³÷ò ̸»-» ®»-»®ª»- °®±ª·¼» ¿ -±´·¼ ¾¿-» º±® ¬¸» º«¬«®» ±º ¬¸» ±®¹¿²·-¿¬·±² ¿²¼ ¬¸» ¬®«-¬»»- ¸¿ª» ½¸±-»² ¬± ·²ª»-¬ -±³» ±º ¬¸» ˲®»-¬®·½¬»¼ λ-»®ª»¬± ·³°®±ª» ¬¸» ¹®±«°�­ ­§­¬»³­ô ¾»¬¬»® ¼»³±²­¬®¿¬» ·¬- ·³°¿½¬ô -¬®»²¹¬¸»² ·¬- °®±¶»½¬ ¹±ª»®²¿²½»ô ¿²¼ ¹®±© ·¬- ª±´«²¬¿®§ ·²½±³» º®±³ ½±®°±®¿¬» º«²¼»®-ò ̸» -¬®±²¹ ¾¿´¿²½» -¸»»¬ ©·´´ ¿´-± ¸»´° ¬± -¸»´¬»® °®»--«®» ¾»·²¹ »¨°»®·»²½»¼ ©·¬¸·² ¬¸» »½±²±³§ò

¿²¼ ·¬- º±½«- ±² °¿®¬²»®-¸·° ·²½±³»ô ©¸·½¸ ¬»²¼- ¬± ¾» °¿·¼ ·² ¿¼ª¿²½» ±º ¼»´·ª»®§ô ¬¸» ½¿-¸ °±-·¬·±² ¸¿ß«¹«-¬ îðîï ®»¼«½»¼ ¬± }îòð³ øîðîðæ }íòéë³÷ò Í·²½» ¬¸» ¾¿´¿²½» -¸»»¬ ¼¿¬» ¬¸·- ¸¿- ¾»»² º«´´§ ®»°¿·¼ò

íì

̸» ¼·ª»®­» ²¿¬«®» ±º ¬¸» ¹®±«°�­ ·²½±³» ­¬®»¿³­ ¿´´±©­ ·¬ ¬± ¬¿µ» ¿ �¾¿´¿²½»¼ °±®¬º±´·±� ¿°°®±¿½¸ô ©·¬¸ -±³» -»®ª·½»- ½±²¬®·¾«¬·²¹ ¿ ¹®»¿¬»® ¿³±«²¬ ¬± ¬¸» ½±-¬ ±º -«°°±®¬ -»®ª·½»- ¬¸¿² ±¬¸»®-ò ر©»ª»®ô ©» -»®ª·½»-ô °¿§·²¹ °¿®¬·½«´¿® ¿¬¬»²¬·±² ¬± ¬¸±-» ¬¸¿¬ ½±²-«³» ¿ ¼·-°®±°±®¬·±²¿¬» ¿³±«²¬ ±º ®»-±«®½»¿¼¼·¬·±²¿´ -«°°±®¬ ³¿·²¬¿·² ±® ·³°®±ª» ¯«¿´·¬§ò ɸ»®» ¼»´·ª»® -»®ª·½»-ô ©» ¿®» °®±¿½¬·ª» ·² ¬¿µ·²¹ ³»¿-«®»¬± ®»-¬®«½¬«®» ¬¸»³ ¬± »²-«®» ¬¸»·® º«¬«®» ª·¿¾·´·¬§ô ±® ®»´«½¬¿²¬´§ ½´±-» ¬¸»³ ©¸»®» ²»½»--¿®§ò

É» ¿·³ ¬± ½±²¬·²«» ¬± ¹®±©¬¸ ¬¸» ±®¹¿²·-¿¬·±² ¿- ¬¸» ±®¹¿²·-¿¬·±² ¿²¼ ¿´´±©- «- ¬± ½±²¬·²«» ¬± ±ºº»® ¿ °´¿¬º±®³ ¬± -±½·¿´ »²¬®»°®»²»«®- ¿²¼ -³¿´´»® ±®¹¿²·-¿¬·±²- ¬± ¼»ª»´±° ¬¸»·® ·¼»¿- ¿²¼ -»½«®» ¬¸»·® º«¬«®» ·³°¿½¬ò É» ¬¸·²µ ¬¸»®» ¿®» °¿®¬·½«´¿® ¹®±©¬¸ ±°°±®¬«²·¬·»- º±® ¬¸» ±®¹¿²·-¿¬·±² ·² ·¬- Ö«-¬·½» ©±®µô ±°»²»¼ ·² »¿®´§ îðîî÷ ¿²¼ ½±®°±®¿¬» °¿®¬²»®-¸·°-ò É» ©·´´ ¿´­± ­»»µ ¬± ³¿·²¬¿·² ¬¸» ¼·ª»®­·¬§ ±º ¬¸» ¹®±«°�­ ¬± ¬¸» ±®¹¿²·-¿¬·±² ¿²¼ ¸»´°- -»½«®» ·¬- ´±²¹ó¬»®³ -«-¬¿·²¿¾·´·¬§ ¬± ½±²¬·²«» ¬± ¼»´·ª»® ·³°¿½¬ º±® ·¬-»®ª·½» «-»®- ¿²¼ ¼»´·ª»® ®»º±®³ ±º °«¾´·½ -»®ª·½»-ò

íë

ÌÑÌßÔ ÛÈÐÛÒÜ×ÌËÎÛ ÚÑÎ ÌØÛ ÇÛßÎ ÌØÛ ÇÛßÎ ÌÑ íï ßËÙËÍÌ îðîï ÉßÍ }ëìòéÓô ÝÑÓÐßÎÛÜ É×ÌØ }ìêòéÓ ÚÑÎ ÌØÛ ÐÎÛÊ×ÑËÍ Ú×ÒßÒÝ×ßÔ ÇÛßÎò ×ÒÝÔËÜÛÜ É×ÌØ×Ò ÌØÛ ÝÑÍÌ ÑÚ ÝØßÎ×ÌßÞÔÛ ßÝÌ×Ê×Ì×ÛÍ ßÎÛ ÛÈÝÛÐÌ×ÑÒßÔ ×ÌÛÓÍô ÉØ×ÝØ ßÎÛ ÛÈÐÔß×ÒÛÜ ßÞÑÊÛô ßÒÜ ÌØÛ ×ÓÐß×ÎÓÛÒÌ ÑÚ ÔÑÒÙ ÔÛßÍÛØÑÔÜ ÔßÒÜ ßÒÜ ÞË×ÔÜ×ÒÙÍ ØÛÔÜ ÞÇ ÌØÛ ÓßÌ }éòìÓ øîðîðæ }Ò×Ô÷ò

íê

Í«°°±®¬ ½±-¬- ®»¼«½»¼ ¾§ êû ¼«®·²¹ ¬¸» §»¿® ¬± }ìòì³ øîðîðæ }ìòé³÷ò

É» ½±²-¬¿²¬´§ ®»ª·»© ±«® -«°°±®¬ -»®ª·½»- ¬± »²-«®» ³»»¬·²¹ ¬¸» ²»»¼- ±º ±«® -»®ª·½»-ò Ü«®·²¹ ¬¸» §»¿® ©» ©»®» -«°°±®¬»¼ ¾§ Þ¿·² ú ݱ³°¿²§ô ¬¸®±«¹¸ ±«® ®»´¿¬·±²-¸·° ©·¬¸ ¬¸» ͱ½·¿´ Þ«-·²»-- Ì®«-¬ øÍÞÌ÷ -§-¬»³- ¿²¼ °®±½»--»-ò Ú±´´±©·²¹ ¬¸·- ©±®µô ©» ¸¿ª» ·³°´»³»²¬»¼ -±³» ½¸¿²¹»- ·² ±«® -¬®«½¬«®»¿²¼ ·³°®±ª»³»²¬- ·² ±«® °®±½»--»- ¿²¼ô ©·¬¸ ¬¸» ½±²¬·²«»¼ô -«°°±®¬ ±º ÍÞÌ ©» ©·´´ ¾» ·³°´»³»²¬·²¹ ©¸·½¸ ·- »¨°»½¬»¼ ¬± ¹±ó´·ª» ·² Í»°¬»³¾»® îðîîò

ß´´ ·²ª»­¬³»²¬­ ©»®» ¿½¯«·®»¼ ©·¬¸·² ¬¸» Ì®«­¬»»­� °±©»®-ò ̸» °±®¬º±´·± ·- ¸»´¼ ·² ¹»²»®¿´ º«²¼- ¿²¼ ·- ³¿²¿¹»¼ ·² ¿½½±®¼¿²½» ©·¬¸ ¿² ײª»-¬³»²¬ б´·½§ô ©¸·½¸ -»¬- ±«¬ ¬¸» ±¾¶»½¬·ª»- ±º ¬¸» º«²¼ô ½±²-·¼»®®·-µ ¿²¼ ´·¯«·¼·¬§ ®»¯«·®»³»²¬- ¿²¼ -»¬- ±«¬ ¸±© ¬¸» º«²¼ ­¸±«´¼ ¾» ³¿²¿¹»¼ ·²½´«¼·²¹ ¬¸» Þ±¿®¼�­ »¨°»½¬¿¬·±²- ¿®±«²¼ »¬¸·½¿´ ·²ª»-¬³»²¬ò ̸» ±¾¶»½¬·ª» ·²½±³» ¬± -«°°±®¬ ¬¸» ¼¿·´§ ¿½¬·ª·¬§ ±º Ý¿¬½¸îî ¿²¼ ·² ¿¼¼·¬·±²ô ¬± ¿½¸·»ª» ¿ ´»ª»´ ±º ½¿°·¬¿´ ¹®±©¬¸ ©¸·½¸ ©·´´ °®»-»®ª» ¬¸» ®»¿´ ª¿´«» ±º ¬¸» º«²¼ ±ª»® ¬·³» ¿²¼ °®±ª·¼» ¿ ½¿°·¬¿´ º«²¼ º±® ·²ª»-¬³»²¬ ·² ¿°°®±ª»¼ ¼»ª»´±°³»²¬ °®±¶»½¬- ©·¬¸·² Ý¿¬½¸îîò

°®±º»--·±²¿´ ·²ª»-¬³»²¬ ³¿²¿¹»®-ò ̸» Ì®«-¬»»½±²-·¼»® ¬¸» °»®º±®³¿²½» ±º ¬¸±-» ³¿²¿¹»®- ¿²¼ ¬¸» ·²ª»-¬³»²¬ °±®¬º±´·±- ¬¸»§ ³¿²¿¹» ¬± ¾» -¿¬·-º¿½¬±®§ ¿²¼ ¬¸¿¬ ±«® «²¼»®´§·²¹ ·²ª»-¬³»²¬- ¿®» -±«²¼ò

̸» ²»¬ ¹¿·² ±² ·²ª»-¬³»²¬- ¼«®·²¹ ¬¸» §»¿® ©¿}ïòí³ øîðîðæ ´±-- }ðòë³÷ ¿²¼ ¿¬ íï ß«¹«-¬ îðîïô ¿º¬»® ©·¬¸¼®¿©¿´-ô ¬¸» °±®¬º±´·± ©¿- ª¿´«»¼ ¿¬ }ïïòë³ øíï ß«¹«-¬ îðîðæ }ïðòë³÷ô ·² ¿¼¼·¬·±²ô ·²½±³» »¿®²»¼ º®±³ ¬¸» °±®¬º±´·± ©¿- }ðòí³ øîðîðæ }ðòí³÷ò

̸·- ·- ¿ -¬®±²¹ ®»½±ª»®§ º±´´±©·²¹ ¬¸» ·³°¿½¬ ±º ¬¸» °¿²¼»³·½ò Í·²½» ¬¸» ¾¿´¿²½» -¸»»¬ ¼¿¬»ô ¬¸» ¬®«-¬»»¸¿ª» ½¸±-»² ¬± ¬¿µ» ¿² ·²½®»¿-»¼ »¬¸·½¿´ ¿°°®±¿½¸ ¬± ¬¸» ·²ª»-¬³»²¬-ô ©·¬¸ ¿ °¿®¬·½«´¿® º±½«- ±² -«-¬¿·²¿¾·´·¬§ò

ØÍÞÝ Ð®·ª¿¬» Þ¿²µô ¬¸» ·²ª»-¬³»²¬ ³¿²¿¹»®-ô ±ºº»® ¿ ©±®µ·²¹ ½¿°·¬¿´ º¿½·´·¬§ ø½«®®»²¬´§ ©·¬¸ ¿² ¿¹®»»¼ ´·³·¬ ±º }ëòð³÷ -»½«®»¼ ¿¹¿·²-¬ ¬¸» °±®¬º±´·± ¿¬ ¿ ª»®§ ½±³°»¬·¬·ª» ·²¬»®»-¬ ®¿¬»ò ̸» ¬®«-¬»»- ®»¹«´¿®´§ ½±²-·¼»® »¨°»½¬»¼ ·²ª»-¬³»²¬ ®»¬«®²- ·² ±®¼»® ¬± ¼»½·¼» ©¸»¬¸»® ·²ª»-¬³»²¬- -¸±«´¼ ¾» -±´¼ ¬± º«²¼ ©±®µ·²¹ ½¿°·¬¿´ ®»¯«·®»³»²¬­ò ̸» ¬®«­¬»»­� ½«®®»²¬ ±°·²·±² ·­ ¬¸¿¬ ³¿®µ»¬ ®»¬«®²- ¿®» ´·µ»´§ ¬± »¨½»»¼ ¬¸» ½±-¬ ±º ¾±®®±©·²¹ º±® ¬¸» º±®»-»»¿¾´» º«¬«®» ¿²¼ ¬¸»®»º±®» ·²ª»-¬³»²¬-¸±«´¼ ²±¬ ¾» -±´¼ò ߬ íï ß«¹«-¬ îðîï }îòð³ ±º ¬¸·º¿½·´·¬§ ¸¿- ¾»»² ¼®¿©² øîðîðæ }íòéë³÷ò

íé

ɸ·´-¬ ¬¸·- °®±½»-- ½¿²²±¬ ½±³» «° ©·¬¸ ¿ °®»½·-» ·²¬± ½±²-·¼»®¿¬·±² ¬¸» ¬®«-¬»»- ¾»´·»ª» ¬¸¿¬ ¬¸» ¿°°®±°®·¿¬» ´»ª»´ º±® Ú®»» λ-»®ª»- ·- ¾»¬©»»² }îòíë³ ¿²¼ }íòê³ º±® ¬¸» ¹®±«°ò

̸» Ú·²¿²½» Ù®±©¬¸ ¿²¼ Û¨¬»®²¿´ ß«¼·¬ ݱ³³·¬¬»»ô ±² ¾»¸¿´º ±º ¬¸» Þ±¿®¼ ±º Ì®«-¬»»-ô ½±²¼«½¬- ¿² ¿²²«¿´ ®»ª·»© ±º ¬¸» ´»ª»´ ±º «²®»-¬®·½¬»¼ ®»-»®ª»- ·² ¬¸» ¹»²»®¿´ º«²¼ ¾§ ½±²-·¼»®·²¹ ®·-µ- ¿--±½·¿¬»¼ ©·¬¸ ¬¸» ª¿®·±«- ·²½±³» -¬®»¿³-ô »¨°»²¼·¬«®» °´¿²- ¿²¼ ¾¿´¿²½» -¸»»¬ ·¬»³-ò

Ú®»» λ-»®ª»- ¿®» ¬¸±-» ¬¸¿¬ ¿®» º®»»´§ ¿ª¿·´¿¾´» ¿¬ ¿--»¬- ¿²¼ ¾¿²µ ¾±®®±©·²¹ -»½«®»¼ ¿¹¿·²-¬ ¬¸±-»

̸» ´»ª»´ ±º Ú®»» λ-»®ª»- ¬¸¿¬ -¸±«´¼ ¾» ³¿·²¬¿·²»¼ ¾§ ¬¸» ±®¹¿²·-¿¬·±² ·- ¼»¬»®³·²»¼ ¾§ ¾¿´¿²½·²¹ ¬©± ½±³°»¬·²¹ ±¾¶»½¬·ª»-ò Ѳ ¬¸» ±²» ¸¿²¼ »²-«®·²¹ ©» ¸¿ª» ³¿¨·³«³ ¿²¼ -°»»¼§ «-» ±º ®»-±«®½»- ¬± ®»º±®³ ¿³¾·¬·±²- ¿²¼ô ±² ¬¸» ±¬¸»® ¸¿²¼ô »²-«®·²¹ ©» ¸¿ª» ¿¼»¯«¿¬» ®»-±«®½»- ¬± ½±²¬·²«» ¬± ¼»´·ª»® ±«® ¬¸» ³»¼·«³ ¿²¼ ´±²¹ ¬»®³ò

߬ íï ß«¹«­¬ îðîï ¬¸» ¹®±«°�­ ¬±¬¿´ ®»­»®ª»­ ¿³±«²¬»¼ ¬± }ìèòé³ øîðîðæ }íéòì³÷ ±º ©¸·½¸ }íéòð³ ©¿- ®»-¬®·½¬»¼ øîðîðæ }îèòð³÷ ¿²¼ }ïïòé³ ©¿- «²®»-¬®·½¬»¼ øîðîðæ }çòí³÷ò Ѻ ¬¸» «²®»-¬®·½¬»¼ ¿³±«²¬ }ëòçë³ øîðîðæ }íòç³÷ ·- ¼»»³»¼ ¬± ¾» º®»» ®»-»®ª»-ò ̸·- ·- ¿¾±ª» ¬¸» ®¿²¹» -»¬ ¾§ ¬¸» ¬®«-¬»»¿²¼ -·²½» ¬¸» ¾¿´¿²½» -¸»»¬ ¼¿¬» ¬¸» ¬®«-¬»»- ¸¿ª» ¿¹®»»¼ ¬± ·²ª»-¬ }ðòé³ ·² ¬¸» ±®¹¿²·-¿¬·±² ¬± »²-«®» ·¬- ½±²¬·²«»¼ ¿²¼ »²¸¿²½»¼ -«½½»-- ·² ·³°®±ª·²¹ ¬¸» »½±²±³§ô ¿²¼ ¬¸» °±¬»²¬·¿´ ·³°¿½¬ ±º ¬¸» ½±-¬ó±ºó ¸±´¼ º®»» ®»-»®ª»- ³±®» ¬¸¿² ¬¸» ½«®®»²¬ ³¿¨·³«³ ¿³±«²¬ -»¬ ±«¬ «²¼»® ¬¸» ®»-»®ª»- °±´·½§ò

̸» ¬®«-¬»»- ¿--»-- ¬¸» ®·-µ- ¬¸¿¬ ¬¸» ½¸¿®·¬§ ·- »¨°±-»¼ ¬± ±² ¿ ®»¹«´¿® ¾¿-·- ¿²¼ ¼»¬»®³·²» ¿ ®¿²¹» º±® Ú®»» λ-»®ª»- ½±²-·¼»®·²¹ ¬¸»-» ®·-µ-ò ̸» °®·²½·°´» ®·-µ- ·²½´«¼»æ

°´¿²- º±® ¬¸» ¹®±«° ¿²¼ ¬¸» ²»»¼ ¬± °®±¬»½¬ ª«´²»®¿¾´»

±º «²°´¿²²»¼ ½´±-«®» ±º -±³» ±º ·¬- -»®ª·½»-ò

íè

Ú×ÒßÒÝ×ßÔ

̸» Ù®±«°�­ ±¾¶»½¬·ª» ·­ ¬± ³¿·²¬¿·² ¿ ¾¿´¿²½» ¾»¬©»»² ½¿­¸ ¾¿´¿²½»­ ¿²¼ ´±²¹ó¬»®³ ·²ª»­¬³»²¬­ò ̸» Ù®±«°�­ °±´·½§ ±² ´·¯«·¼·¬§ ®·­µ ·­ ¬± »²­«®» ¬¸»®»

Ô×ÏË×Ü×ÌÇ Î×ÍÕ

¿­­»¬ ·²ª»­¬³»²¬­ò ̸» Ù®±«°�­ °±´·½§ ·­ ¬± «¬·´·­» ¬¸» ­»®ª·½»­ ±º °®±º»­­·±²¿´ ¬¸»-» ·²ª»-¬³»²¬- ¿²¼ ¬¸»®»º±®» ¬¸» ·²ª»-¬³»²¬ ³¿²¿¹»®- ·- ®»ª·»©»¼ »ª»®§ ³±²¬¸ ¾§ ¬¸» -»²·±® ³¿²¿¹»³»²¬ ¬»¿³ò ̸» Ú·²¿²½»ô Ù®±©¬¸ ¿²¼ Û¨¬»®²¿´ ß«¼·¬ ݱ³³·¬¬»» ¸¿ª» ¾»»² ¿°°±·²¬»¼ ¾§ ¬¸» Þ±¿®¼ ¬± ±ª»®-»» ¬¸» °»®º±®³¿²½» ±º ±«® ·²ª»-¬³»²¬ ³¿²¿¹»®-ò

ÓßÎÕÛÌ Î×ÍÕ

̸» Ù®±«° ·- ³¿·²´§ »¨°±-»¼ ¬± ½®»¼·¬ ®·-µ ·² ®»´¿¬·±² ¬± ³±²»§ ¼«» º®±³ ½±³³·--·±²»®- ·² ®»´¿¬·±² ¬± ·¬- ¼»´·ª»®§ ±º -»®ª·½»-ò ̸» ª¿-¬ ³¿¶±®·¬§ ±º ¬¸»-» ½±³³·--·±²»®- ¸¿ª» °®±ª»¼ ¬± ¾» »¨¬®»³»´§ ½®»¼·¬ ©±®¬¸§ò Ò»ª»®¬¸»´»--ô ©» ±°»®¿¬» ¿ °®±¿½¬·ª» ½®»¼·¬ ½±²¬®±´ -§-¬»³ ¼»-·¹²»¼ ¬± »²-«®» °¿§³»²¬ ·- ®»½»·ª»¼ ¿½¬·±² ·- ¬¿µ»²ò ̸» ³¿¨·³«³ »¨°±-«®» ¬± ½®»¼·¬ ®·-µ ·- ®»°®»-»²¬»¼ ¾§ ¬¸»

ÝÎÛÜ×Ì Î×ÍÕ

ÚÑÎÛ×ÙÒ ÛÈÝØßÒÙÛ Î×ÍÕ

ÑÌØÛÎ Î×ÍÕ

°´¿²- ¿²¼ ¾«¼¹»¬·²¹ °®±½»--»-ô ¿²¼ ¬¸» °±¬»²¬·¿´ ·³°¿½¬ ±º ¬¸·- ½±«°´»¼ ©·¬¸ ®»-¬®·½¬·±²- ±² º«¬«®» ¹±ª»®²³»²¬ -°»²¼·²¹ô ©·´´ ½±²¬·²«» ¬± ¾» ¿ ®·-µ ·²¬± ¬¸» ß«¹«-¬ îðîî §»¿® »²¼ ¿²¼ ¾»§±²¼ò

40 STRUCTURE, GOVERNANCE AND AGffMffNT

ìï

Ý¿¬½¸îî ©¿- ·²½±®°±®¿¬»¼ ¿- ¿ ݱ³°¿²§ Ô·³·¬»¼ ¾§ Ù«¿®¿²¬»» ±² îè ß°®·´ îððèò ׬ ©¿- ®»¹·-¬»®»¼ ¿- ¿ ½¸¿®·¬§ ±² ïç Ó¿§ îððèò

׬- ±¾¶»½¬·ª»-ô ¿- -¬¿¬»¼ ·² ·¬- ³»³±®¿²¼«³ ±º ¿--±½·¿¬·±²ô ¿®»æ •¬± °®±³±¬» ±°°±®¬«²·¬·»- º±® ¬¸» ¼»ª»´±°³»²¬ô »¼«½¿¬·±² ¿²¼ -«°°±®¬ ±º §±«²¹ °»±°´» ¿²¼ ¬± °®±³±¬» -¿º»®ô ½®·³» º®»» ½±³³«²·¬·»- º±® ¬¸»

É» ¸¿ª» ½±²­·¼»®»¼ ¬¸» ݸ¿®·¬§ ݱ³³·­­·±²�­ ¹«·¼¿²½» ®«²²·²¹ ¿ ½¸¿®·¬§ øÐÞî÷ò ײ °¿®¬·½«´¿®ô ¬¸» Ì®«-¬»»½±²-·¼»® ¸±© °´¿²²»¼ ¿½¬·ª·¬·»- ©·´´ ½±²¬®·¾«¬» ¬± ¬¸» ¿·³- ¿²¼ ±¾¶»½¬·ª»- ¬¸»§ ¸¿ª» -»¬ô ¬¿µ·²¹ ¿½½±«²¬ ±º ¬¸»

¿²¼ ±¾¶»½¬·ª»- ¿²¼ ½¿®®·»- ±«¬ ¿½¬·ª·¬·»- ¬¸¿¬ ¿®» º±® »¿½¸ ±º ¬¸±-» ¹®±«°- ¿²¼ ¬¸»®»º±®» ¬¸» ©·¼»® °«¾´·½ò

Ý¿¬½¸îî ·- ¬¸» -±´» ¬®«-¬»» ±º ̸» α§¿´ и·´¿²¬¸®±°·½ ͱ½·»¬§ ·²½±®°±®¿¬·²¹ ¬¸» ο·²»® Ú±«²¼¿¬·±² ¿²¼ ·- ¬¸» -±´» ³»³¾»® ±º ̸» Ý®·³» ݱ²½»®² Ì®«-¬ Ô·³·¬»¼ò Þ±¬¸ ¿®» ½¸¿®·¬·»-ò ̸» ο·²»® Ú±«²¼¿¬·±² ¸¿- ®»´»¿-»¼ ·¬- °»®³¿²»²¬ »²¼±©³»²¬ ¿²¼ ·- ²±© ¼±®³¿²¬ò Ý®·³» ݱ²½»®² ·- ¿´-± ²±© ¼±®³¿²¬ò

д»¿-» -»» ²±¬» ïî º±® ¼·-½´±-«®» ±º ¿½¬·ª·¬·»- ¿²¼ °»®º±®³¿²½» ±º »¿½¸ -«¾-·¼·¿®§ò

ìî

Ý¿¬½¸îî ·- ¿ ¼·ª»®-» ¿²¼ ¼·-°»®-»¼ ±®¹¿²·-¿¬·±²ô -«°°±®¬·²¹ -±³» ª»®§ ª«´²»®¿¾´» -»®ª·½» «-»®-ò É» ¸¿ª» ¿ ¼»¼·½¿¬»¼ °±-¬ ©·¬¸·² ¬¸» ±®¹¿²·-¿¬·±² ¬± »²-«®» ¬¸¿¬ ©» ¿°°®±°®·¿¬»´§ ³¿²¿¹» ®·-µ ¿²¼ ¼®·ª» ·³°®±ª»³»²¬- ·² ±«® °®¿½¬·½» ¿½®±-- ±«® ª¿®·±«¼»´·ª»®§ ¿®³- °¿®¬·½«´¿®´§ »¼«½¿¬·±² ¿²¼ -±½·¿´ ½¿®»ò ̸·- °±-¬ ±º Í¿º»¹«¿®¼·²¹ Ó¿²¿¹»® ¸¿- ¾»»² ·² °´¿½» -·²½» Ö¿²«¿®§ îðïè ¿²¼ ·- º±½«--»¼ ±² ½±²¬·²«±«·³°®±ª»³»²¬ ¬± ±«® -¿º»¹«¿®¼·²¹ °®¿½¬·½»ò

-¿º»¹«¿®¼·²¹ ·²½·¼»²¬-ô ¿- ©» ©±«´¼ »¨°»½¬ ¹·ª»² ¬¸» ²¿¬«®» ±º ±«® ©±®µô °®·³¿®·´§ ³¿¼» «° ±º ¼·-½´±-«®»³¿¼» ¾§ ¬¸» ª«´²»®¿¾´» §±«²¹ °»±°´» ¿²¼ ¿¼«´¬- ¬¸¿¬ ©» ©±®µ ©·¬¸ò ɸ»®» ¿°°®±°®·¿¬» ¬¸»-» ©»®» »-½¿´¿¬»¼

É» ¸¿ª» ®±´´»¼ó±«¬ ¿² ×Ì °´¿¬º±®³ º±® -¿º»¹«¿®¼·²¹ ·²½·¼»²¬ ®»°±®¬·²¹ ¿²¼ ³¿²¿¹»³»²¬ ·² ±«® -½¸±±´- ¬± ·³°®±ª» ½±³³«²·½¿¬·±² ¿²¼ ®»¼«½» ¬¸» ¾«®»¿«½®¿¬·½ ¾«®¼»²ô ¾±¬¸ ¿¬ ¬¸» °±·²¬ ±º ®»°±®¬·²¹ ¿²¼ ·² ¬¸» ¿¼³·²·-¬®¿¬·±² ±º ¬¸» ³±²·¬±®·²¹ ¿²¼ º±´´±© «° ¿½¬·±²- -± ¬¸¿¬ ³±®» ®»-±«®½»- ½¿² ¾» º±½«--»¼ ±² µ»»°·²¹ ±«® -»®ª·½» «-»®- -¿º»ò

Ý¿¬½¸îî ¸¿- ¿ ¦»®±ó¬±´»®¿²½» ¿°°®±¿½¸ ¬± ³±¼»®² -´¿ª»®§ô ¿²¼ ©» ¿®» ½±³³·¬¬»¼ ¬± ¿½¬·²¹ »¬¸·½¿´´§ ¿²¼ ©·¬¸ ·²¬»¹®·¬§ ·² ¿´´ ±«® ¾«-·²»-- ¼»¿´·²¹- ¿²¼ ®»´¿¬·±²-¸·°- ¿²¼ ¬± ·³°´»³»²¬·²¹ ¿²¼ »²º±®½·²¹ »ºº»½¬·ª» -§-¬»³- ¿²¼ ½±²¬®±´- ¬± »²¼»¿ª±«® ¬± »²-«®» ¬¸¿¬ ³±¼»®² -´¿ª»®§ ·- ²±¬ ¬¿µ·²¹ °´¿½» ¿²§©¸»®» ·² ±«® ±©² ¾«-·²»-- ±® ·² ¿²§ ±º ±«® -«°°´§ ½¸¿·²-ò

É» ¿®» ¿´-± ½±³³·¬¬»¼ ¬± »²-«®·²¹ ¬¸»®» ·- ¬®¿²-°¿®»²½§ ·² ±«® ±©² ¾«-·²»-- ¿²¼ ·² ±«® ¿°°®±¿½¸ ¬± ¬¿½µ´·²¹ ³±¼»®² -´¿ª»®§ ¬¸®±«¹¸±«¬ ±«® -«°°´§ ½¸¿·²-ô ½±²-·-¬»²¬ ©·¬¸ ±«® ¼·-½´±-«®» ±¾´·¹¿¬·±²- «²¼»® ¬¸» Ó±¼»®² Í´¿ª»®§ ß½¬ îðïëò É» »¨°»½¬ ¬¸» -¿³» ¸·¹¸ -¬¿²¼¿®¼- º®±³ ¿´´ ±º ±«® ½±²¬®¿½¬±®-ô -«°°´·»®- ¿²¼ ±¬¸»® ¾«-·²»-- °¿®¬²»®-ô ¿²¼ ¿- °¿®¬ ±º ±«® ½±²¬®¿½¬·²¹ ¸»´¼ ·² -´¿ª»®§ ±® -»®ª·¬«¼»ô ©¸»¬¸»® ¿¼«´¬- ±® ½¸·´¼®»²ò É» ¿´-± »¨°»½¬ ¬¸¿¬ ±«® -«°°´·»®- ©·´´ ¸±´¼ ¬¸»·® ±©² -«°°´·»®- ¬± ¬¸» -¿³» ¸·¹¸ -¬¿²¼¿®¼-ò

ìí

̸» ¾±¿®¼ ±º ¬®«-¬»»- ¿®» ¿©¿®» ±º ·¬- ¼«¬§ «²¼»® Í»½¬·±² ïéî ±º ¬¸» ݱ³°¿²·»- ß½¬ îððê ¬± ¿½¬ ·² ¿ ©¿§ ¬¸»§ ½±²-·¼»®ô ·² ¹±±¼ º¿·¬¸ô ©±«´¼ ¾» ³±-¬ ´·µ»´§ô ¿- ¬± °®±³±¬» ¬¸» -«½½»-- ±º ¬¸» ½¸¿®·¬¿¾´» ¹®±«° ¬± ¿½¸·»ª» ·¬- ½¸¿®·¬¿¾´» °«®°±-»-ô ¿²¼ ·² ¼±·²¹ -± ¸¿ª» ®»¹¿®¼ ø¿³±²¹-¬ ±¬¸»® ³¿¬¬»®-÷ ¬±æ

Ѳ ¶±·²·²¹ ¬¸» ¾±¿®¼ ±º ¬®«-¬»»-ô ¿ ²»© ¬®«-¬»»- ©·´´ ¬¸®±«¹¸ ¬¸» ¹±ª»®²¿²½» -¬®«½¬«®» -»¬ ±«¬ ¾»´±©ô ·²½´«¼·²¹ ¬¸» ¼»´»¹¿¬·±² ±º ¼¿§ó¬±ó¼¿§ ¼»½·-·±²

̸» Ì®«-¬»» ¾±¿®¼ ³»»¬- ¿¬ ´»¿-¬ º±«® ¬·³»- ¿ §»¿® ¿²¼ ¸¿- »-¬¿¾´·-¸»¼ ¬¸®»» ½±³³·¬¬»»- ¬± ©¸·½¸ ½»®¬¿·² º«²½¬·±²- ¿®» ¼»´»¹¿¬»¼ò ̸»-» ¿®»æ ¬¸» Ú·²¿²½»ô Ù®±©¬¸ ¿²¼ Û¨¬»®²¿´ ß«¼·¬ ݱ³³·¬¬»»ô ¬¸» Ù±ª»®²¿²½»ô η-µ ¿²¼ ײ¬»®²¿´ ß«¼·¬ ݱ³³·¬¬»» ¿²¼ ¬¸» л±°´» ¿²¼ л®º±®³¿²½» ݱ³³·¬¬»»ò

Û¿½¸ ½±³³·¬¬»» ³»»¬- ¿¬ ´»¿-¬ º±«® ¬·³»- ¿ §»¿® ¿²¼ ®»°±®¬- ¾¿½µ ¬± ¬¸» Ì®«-¬»» Þ±¿®¼ò

̸» ½±³³·¬¬»»- ³±²·¬±® °®±¹®»-- ¿¹¿·²-¬ ¹±¿´- ¿²¼ Ì®«-¬»» ¾±¿®¼ò

Ý¿¬½¸îî ½±³°´·»- ©·¬¸ •Ù±±¼ Ù±ª»®²¿²½»æ ß Ý±¼» º±® ¬¸» ʱ´«²¬¿®§ ¿²¼ ݱ³³«²·¬§ Í»½¬±®� ·­­«»¼ ¾§ ¬¸» Ù±ª»®²¿²½» ݱ¼» ͬ»»®·²¹ Ù®±«°ò

̸»®» ·- ¿ -½¸»³» ±º ¼»´»¹¿¬·±² ·² °´¿½» ©¸·½¸ -»¬±«¬ ©¸¿¬ ³¿¬¬»®- ¿®» ®»-»®ª»¼ º±® ¬¸» ¬®«-¬»» ¾±¿®¼ ¿²¼ ©¸¿¬ ·- ¼»´»¹¿¬»¼ ¬± ¬¸» ½¸·»º »¨»½«¬·ª» ¿²¼ -»²·±® ³¿²¿¹»³»²¬ò

Ó¿¬¬»®- ®»-»®ª»¼ º±® ¬¸» ¾±¿®¼ ·²½´«¼» ø¿³±²¹ ±¬¸»®-÷æ

ß´´ ¬®«-¬»»- »³¾®¿½» ±«® ª·-·±² ¬± ¾«·´¼ ¿ -¬®±²¹ -±½·»¬§ô ©¸»®» »ª»®§±²» ¸¿- ¹±±¼ °»±°´» ¿®±«²¼ ¬¸»³ô ¿ °«®°±-»ô ¿²¼ ¿ ¹±±¼ °´¿½» ¬± ´·ª» ¿²¼ °®±³±¬» ±«® ±®¹¿²·-¿¬·±²¿´ ª¿´«»- ¬± »²-«®»æ

Ó¿¬¬»®- ¼»´»¹¿¬»¼ ¬± ¬¸» ½¸·»º »¨»½«¬·ª» ·²½´«¼» ø¿³±²¹ ±¬¸»®-÷æ

¬¸»·® ±¾´·¹¿¬·±²- «²¼»® Í»½¬·±² ïéîô ¿- »ª·¼»²½»¼ ¬¸®±«¹¸±«¬ ¬¸·- ®»°±®¬ò

ìì

̸» л±°´» ¿²¼ л®º±®³¿²½» ݱ³³·¬¬»» ±ª»®-»»- ¬¸» ®»½®«·¬³»²¬ ±º Ì®«-¬»»- ¿²¼ «²¼»®¬¿µ»- ¿ °»®·±¼·½ -µ·´´- ¿«¼·¬ ±º ¬¸» Þ±¿®¼ò ß°°´·½¿¬·±²- º±® Ì®«-¬»»-¸·° ¿®» -±«¹¸¬ ¬¸®±«¹¸ ±°»² ¿¼ª»®¬·-»³»²¬ô «-» ±º ¿ -°»½·¿´·-¬ ¿¹»²½§ ¿²¼ °»®-±²¿´ ½±²¬¿½¬-ò ß°°´·½¿²¬¿®» ¿--»--»¼ ¿¹¿·²-¬ ¿ ¬®«-¬»» ¶±¾ ¼»-½®·°¬·±² ¿²¼ -¸±®¬´·-¬»¼ ½¿²¼·¼¿¬»- ¿®» ·²¬»®ª·»©»¼ ¾§ ¿ °¿²»´ ±º Ì®«-¬»»- ¿²¼ ¿°°±·²¬»¼ ¾§ ¬¸» Ì®«-¬»» Þ±¿®¼ò Ì®«-¬»»¿®» ²±®³¿´´§ ¿°°±·²¬»¼ º±® ¬¸®»» §»¿®- ¿²¼ ³¿§ ¾» ®»¿°°±·²¬»¼ º±® ¿ º«®¬¸»® ¬¸®»» §»¿®- -«¾¶»½¬ ¬± ¿¹®»»³»²¬ ±º ¬¸» Þ±¿®¼ò ß º«®¬¸»® ¬¸®»»ó§»¿® °»®·±¼ ·- ¿ª¿·´¿¾´» ·º ·¬ ·- ½±²-·¼»®»¼ ¬± ¾» ·² ¬¸» ¾»-¬ ·²¬»®»-¬ ±º Þ±¿®¼ -¬¿¾·´·¬§ò

Ò»© Ì®«-¬»»- ¿®» °®±ª·¼»¼ ©·¬¸ ·²¼«½¬·±² ³»»¬·²¹©·¬¸ µ»§ -¬¿ºº ¿²¼ ¿®» ¹·ª»² ¿ ¼»¬¿·´»¼ ¹±ª»®²¿²½» °¿½µò ß®®¿²¹»³»²¬- ¿®» ³¿¼» º±® Ì®«-¬»»- ¬± ª·-·¬ Ý¿¬½¸îî�­ °®±¶»½¬­ ¿²¼ ­»®ª·½»­ò Ì®«­¬»»­ ®»½»·ª» ·²º±®³¿¬·±² ²»©-´»¬¬»®-ô °®»-»²¬¿¬·±²- ±² ¿-°»½¬±º Ý¿¬½¸îî�­ ©±®µ ¿²¼ ±² ³¿¬¬»®­ ¿ºº»½¬·²¹ ¬¸» ª±´«²¬¿®§ -»½¬±®ò

É» ®»½±¹²·-» ¬¸¿¬ ±«® °»±°´»ô ¾±¬¸ -¬¿ºº ¿²¼ ª±´«²¬»»®-ô ¿®» µ»§ ¬± ¬¸» -«½½»-- ±º ¬¸» ±®¹¿²·-¿¬·±² ¿²¼ ¬± ¼»´·ª»®·²¹ ¬¸» ·³°¿½¬ ©» -»»µ º±® ±«® ¿ ª¿®·»¬§ ±º ½¸¿²²»´- ¬± µ»»° ¬¸»³ ·²º±®³»¼ô -»»µ ¬¸»·® ª·»©-ô »²½±«®¿¹» ¬¸»·® ·²ª±´ª»³»²¬ ¿²¼ ¼»ª»´±° ½±³³±² ¿©¿®»²»--ò ̸»-» ½¸¿²²»´- ·²½´«¼»ô ¿³±²¹-¬ ±¬¸»®-æ

ײº±®³¿¬·±² ¹¿¬¸»®»¼ ¾§ ¬¸» -»²·±® ´»¿¼»®-¸·° ¬»¿³ ·- º»¼ ¾¿½µ ¬± ¬®«-¬»»- ª·¿ ®»°±®¬- -«¾³·¬¬»¼ ¬± ¿²¼ ¼·-½«--·±²- ¸»´¼ ¿¬ ¬¸» л±°´» ¿²¼ л®º±®³¿²½» ݱ³³·¬¬»»ò

Ý¿¬½¸îî ´±±µ- ¬± ¿´´ ¬¸±-» ·²ª±´ª»¼ ·² ·¬- ¹±ª»®²¿²½» ¬± ³¿µ» ¿ ®»¿-±²¿¾´» ½±³³·¬³»²¬ ¬± ±²¹±·²¹ ¼»ª»´±°³»²¬ ¿²¼ ¬®¿·²·²¹ò ̸·- ³¿§ ·²ª±´ª» ¿©¿§ ¼¿§-ô ª·-·¬-ô °®»-»²¬¿¬·±²- ¿²¼ ±¬¸»® ·²¬»®²¿´ º«²½¬·±²¿- ©»´´ ¿- ±°°±®¬«²·¬·»- ¬± ¿¬¬»²¼ ®»´»ª¿²¬ »¨¬»®²¿´ »ª»²¬- -«½¸ ¿- -»³·²¿®-ô ½±«®-»- ¿²¼ ½±²º»®»²½»-ò

Ý¿¬½¸îî ¿´-± ½·®½«´¿¬»- °«¾´·½¿¬·±²- ±º ¹»²»®¿´ ·²¬»®»-¬ ¿²¼ °®±ª·¼»- ¿½½»-- ¬± ³¿¹¿¦·²»-ô ¿®¬·½´»-ô ³±®» -°»½·¿´·-¬ ·²¬»®»-¬ò

É» ®»½±¹²·-» ¬¸¿¬ ®»´¿¬·±²-¸·°- ©·¬¸ ¾«-·²»--¬¿µ»¸±´¼»®- ·- µ»§ ¬± ±«® -«½½»-- ¿²¼ ´±²¹ó¬»®³ -«-¬¿·²¿¾·´·¬§ò ͬ®±²¹ô ½±´´¿¾±®¿¬·ª» ®»´¿¬·±²-¸·°- ©·¬¸ ±«® ½±³³·--·±²»®- ¿²¼ º«²¼»®- »²¿¾´»- «- ¬± ©±®µ ½¸¿²¹·²¹ ²»»¼-ò ̸»-» ®»´¿¬·±²-¸·°- ¿®» ¿´-± µ»§ ¬± -»½«®·²¹ ±²¹±·²¹ º«²¼·²¹ò

É» ¿´-± -»»µ ¬± »²¹¿¹» ©·¬¸ ¬¸» ©·¼»® -»½¬±® ¬¸®±«¹¸ °®±º»--·±²¿´ ¾±¼·»- ¿²¼ ·²¬»®»-¬ ¹®±«°- ¬± ¾±¬¸ -»»µ -±´«¬·±²- ¬± -¸¿®»¼ ½¸¿´´»²¹»-ò

Í»¬¬·²¹ п§ ¿²¼ 볫²»®¿¬·±² ±º µ»§ ³¿²¿¹»³»²¬ °»®-±²²»´ ·- ¬¸» ®»-°±²-·¾·´·¬§ ±º ¬¸» л±°´» ¿²¼ л®º±®³¿²½» ݱ³³·¬¬»»ò ײ -»¬¬·²¹ °¿§ ¿²¼ ®»³«²»®¿¬·±²ô ¬¸»§ ½±²-·¼»® °»®º±®³¿²½» ³¿²¿¹»³»²¬ ·²º±®³¿¬·±² ¿²¼ ®»´»ª¿²¬ ¾»²½¸³¿®µ©·¬¸·² ¬¸» -»½¬±®ò

É» ª¿´«» ¿´´ ±«® -«°°´·»®- ¿²¼ ´±±µ ¬± ·¼»²¬·º§ ±«® µ»§ -«°°´·»®- ¿²¼ °«¬ ³«´¬·§»¿® ½±²¬®¿½¬- ·² °´¿½» ¿²¼ ¿¼±°¬ ¿ °¿®¬²»®-¸·° ¿°°®±¿½¸ ¬± ¬¸» ®»´¿¬·±²-¸·° ©¸»®» ¿²§ ½±²½»®²- ¿®» ©±®µ»¼ ¬¸®±«¹¸ ¬±¹»¬¸»® -»ª»®¿´ -³¿´´ -«¾½±²¬®¿½¬±® ±®¹¿²·-¿¬·±²- ©¸± ¼»´·ª»® -»®ª·½»- ±² ±«® ¾»¸¿´ºô ¿²¼ ©» ¿¼±°¬ ¿ -«°°±®¬·ª» ¿°°®±¿½¸ ¬± ½±²¬®¿½¬ ³¿²¿¹»³»²¬ ¿²¼ ¸»´° ¬¸»³ ¬± ¾«·´¼ ¬¸»·® ½¿°¿½·¬§ò Ú±® »¨¿³°´»ô ©» ¸¿ª» «-»¼ ±«® ±©² ·²¬»®²¿´ ½§¾»® ¿²¼ ·²º±®³¿¬·±² -»½«®·¬§ »¨°»®¬·-» ¬± ¿--·-¬ -±³» ±º ¬¸»-» ±®¹¿²·-¿¬·±²- ¬± ¸¿®¼»² ¬¸»·® ©¸»®» ²»½»--¿®§ò

ìë

É» ®»½±¹²·-» ¬¸» ·³°±®¬¿²½» ±º ³·²·³·-·²¹ ±«® ·³°¿½¬ ±² ¬¸» »²ª·®±²³»²¬ ¿²¼ ¬¸¿¬ »²ª·®±²³»²¬¿´ ¿²¼ ¬¸±-» ©» -«°°±®¬ò É» «-» ±«® -½¸±±´ ¿²¼ ½±´´»¹» ½«®®·½«´«³- ¬± °®±³±¬» »²ª·®±²³»²¬¿´ -«-¬¿·²¿¾·´·¬§ ¿²¼ ©» ¿´­± ¸¿ª» ¿ �Ù± Ù®»»²� ©±®µ·²¹ ¹®±«° ¬¸¿¬ -¸¿®»- ·¼»¿- ¬± ³·²·³·-» »²ª·®±²³»²¬¿´ ·³°¿½¬ò É» ¿½¬·ª»´§ »²½±«®¿¹» ±«® -¬¿ºº ¬± «-» ¬®¿²-°±®¬ ±°¬·±²¬¸¿¬ ®»-«´¬ ·² ´»-- ÝÑî »³·--·±²-ò

É» ¸¿ª» ½®»¿¬»¼ ¿ ½¿®¾±² ®»¼«½¬·±² °´¿² ©·¬¸ ¬¸» ¿·³ ±º ¿½¸·»ª·²¹ Ò»¬ Æ»®± ¾§ îðëðò É» ¸¿ª» »-¬¿¾´·-¸»¼ ¿² Û²ª·®±²³»²¬ ½®±--󽫬¬·²¹ ·²·¬·¿¬·ª» ¬¿-µ º±®½» ·² ±«® ³»¿-«®»- ©» ¸±°» ¬± ·³°´»³»²¬ ¿®»æ

Ñ«® ½±²-«³°¬·±² ¿²¼ »³·--·±²- º±® îðîðñîï ©»®» ¿- º±´´±©-æ

º±´´±©-æ
Û³·--·±²-
Ù¿- ïôééîôííí Õɸ íîìòêî ¬ÝÑî»
Û´»½¬®·½·¬§ éìíôìéè Õɸ ïëéòèê ¬ÝÑî»
Ê»¸·½´»-ö ïîðòíê ¬ÝÑî»
̱¬¿´ Û³·--·±²- êðîòèì ¬ÝÑî»
ײ¬»²-·¬§ ®¿¬·± ïîòéì ¬ÝÑî»
°»® }³ñ¬«®²±ª»® öö
öÊ»¸·½´»- ·²½´«¼»- °»¬®±´ ¿²¼ ¼·»-»´ °«®½¸¿-»¼ °´«-
»³°´±§»» ³·´»¿¹» ½´¿·³-
öö Ì«®²±ª»® »¨½´«¼»- ÓßÌ ´¿²¼ ú ¾«·´¼·²¹-
¬®¿²-º»®®»¼

ìê

ÌÎËÍÌÛÛÍ�

̸» Ì®«-¬»»- ¿®» ®»-°±²-·¾´» º±® °®»°¿®·²¹ ¬¸» ¿²²«¿´ ©·¬¸ ¿°°´·½¿¾´» ´¿© ¿²¼ ®»¹«´¿¬·±²-ò

ݱ³°¿²§ ´¿© ®»¯«·®»- ¬¸» Ì®«-¬»»- ¬± °®»°¿®» ¬¸¿¬ ´¿© ¬¸» Ì®«-¬»»- ¸¿ª» »´»½¬»¼ ¬± °®»°¿®» ¬¸» Õ·²¹¼±³ Ù»²»®¿´´§ ß½½»°¬»¼ ß½½±«²¬·²¹ Ю¿½¬·½»ò ˲¼»® ½±³°¿²§ ´¿© ¬¸» Ì®«-¬»»- ³«-¬ ²±¬ ¿°°®±ª» ¬¸¿¬ ¬¸»§ ¹·ª» ¿ ¬®«» ¿²¼ º¿·® ª·»© ±º ¬¸» -¬¿¬» ±º ¿ºº¿·®- ±º ¬¸» Ù®±«° ¿²¼ ½¸¿®·¬§ ¿²¼ ±º ¬¸» -«®°´«- ±®

¿®» ®»¯«·®»¼ ¬±æ

̸» Ì®«-¬»»- ¿®» ®»-°±²-·¾´» º±® µ»»°·²¹ ¿¼»¯«¿¬» »¨°´¿·² ¬¸» ݸ¿®·¬§�­ ¬®¿²­¿½¬·±²­ ¿²¼ ¼·­½´±­» ©·¬¸ -¬¿¬»³»²¬- ½±³°´§ ©·¬¸ ¬¸» ݱ³°¿²·»- ß½¬ îððêò ̸»§ ¿®» ¿´-± ®»-°±²-·¾´» º±® -¿º»¹«¿®¼·²¹ ¬¸» ¿--»¬- ±º ¬¸» ݸ¿®·¬§ ¿²¼ ¸»²½» º±® ¬¿µ·²¹ ®»¿-±²¿¾´» -¬»°- º±® ¬¸» °®»ª»²¬·±² ¿²¼ ¼»¬»½¬·±² ±º º®¿«¼ ¿²¼ ±¬¸»® ·®®»¹«´¿®·¬·»-ò

Ú·²¿²½·¿´ ­¬¿¬»³»²¬­ ¿®» °«¾´·­¸»¼ ±² ¬¸» ݸ¿®·¬§�­ ©»¾-·¬» ·² ¿½½±®¼¿²½» ©·¬¸ ´»¹·-´¿¬·±² ·² ¬¸» ˲·¬»¼ Õ·²¹¼±³ ¹±ª»®²·²¹ ¬¸» °®»°¿®¿¬·±² ¿²¼ ª¿®§ º®±³ ´»¹·-´¿¬·±² ·² ±¬¸»® ¶«®·-¼·½¬·±²-ò ̸» ³¿·²¬»²¿²½» ¿²¼ ·²¬»¹®·¬§ ±º ¬¸» ݸ¿®·¬§�­ ©»¾­·¬» ·­ ¬¸» ®»­°±²­·¾·´·¬§ ±º ¬¸» Ì®«­¬»»­ò ̸» Ì®«­¬»»­� ®»-°±²-·¾·´·¬§ ¿´-± »¨¬»²¼- ¬± ¬¸» ±²¹±·²¹ ·²¬»¹®·¬§ ±º

ײ -± º¿® ¿- ¬¸» ¬®«-¬»»- ¿®» ¿©¿®»æ

̸» Ì®«-¬»»- ¸¿ª» ·² °´¿½» ¿ ®±¾«-¬ ®·-µ ³¿²¿¹»³»²¬ ݸ¿®·¬§ º¿½»-ô °®·±®·¬·-»- ¬¸»³ ·² ¬»®³- ±º ´·µ»´·¸±±¼ ³»¿²- ±º ³¿²¿¹·²¹ ¬¸»-» ®·-µ- ¿²¼ ³±²·¬±®- ¸±© ¬¸»§ ¿®» ³¿²¿¹»¼ò Ü»ª»´±°³»²¬ ¿²¼ ®»ª·»© ±º ¬¸» ®·-µ ³¿²¿¹»³»²¬ ¿®®¿²¹»³»²¬- ¿®» ¬¸» ®»-°±²-·¾·´·¬§ ±º ¬¸» Ù±ª»®²¿²½»ô η-µ ¿²¼ ײ¬»®²¿´ ß«¼·¬ ݱ³³·¬¬»»ò ̸» ¿½®±-- ¬¸» ±®¹¿²·-¿¬·±² ¿²¼ ®»½»·ª» ®»¹«´¿® «°¼¿¬»- ¿¬ ¬¸»·® º±®¬²·¹¸¬´§ ³»»¬·²¹- ±² µ»§ ®·-µ- ¿²¼ ¬¸»§ »²-«®» ¬¸¿¬ ½±´´¿¾±®¿¬·ª» ³·¬·¹¿¬·²¹ ¿½¬·±² ·- ¬¿µ»²ò

̸» ·²¬»®²¿´ ¿«¼·¬ °®±¹®¿³³» ·- ¿¹®»»¼ ¿²²«¿´´§ ©·¬¸ ¬¸» Ù±ª»®²¿²½»ô η-µ ¿²¼ ײ¬»®²¿´ ß«¼·¬ ݱ³³·¬¬»» ¿²¼ º±½«-»- ±² ¬¸» µ»§ ¿®»¿- ±º ®·-µ ©·¬¸·² ¬¸» ±®¹¿²·-¿¬·±²ò ®»°±®¬»¼ ¯«¿®¬»®´§ ¬± ¬¸» ½±³³·¬¬»»ò

ìé

îðîïñîîô ¬±¹»¬¸»® ©·¬¸ ¬¸» ¿½¬·±²- ¬¿µ»² ±® ·²¬»²¼»¼ ¬± ¾» ¬¿µ»² ·² ®»-°±²-» ¬± ¬¸»-» ®·-µ- ¿®» ¿- º±´´±©-æ

Ú«®¬¸»® ·²º±®³¿¬·±² ¿¾±«¬ Ý¿¬½¸îô ·²½´«¼·²¹ ±«® ͱ½·¿´ Þ«-·²»-- λª·»© ½¿² ¾» º±«²¼ ¿¬æ

Í·¹²»¼ ±² ¾»¸¿´º ±º ¬¸» Þ±¿®¼ ±º Ì®«-¬»»- ±² îë Ó¿§ îðîîò

ݸ¿·®ô Ý¿¬½¸îî ݸ¿®·¬§ Ô¬¼

ìè

ßËÜ×ÌÑÎ�Í

×ÒÜÛÐÛÒÜÛÒÌ ßËÜ×ÌÑÎ�Í ÎÛÐÑÎÌ ÌÑ ÌØÛ ÓÛÓÞÛÎÍ ÑÚ ÝßÌÝØîî ÝØßÎ×ÌÇ Ô×Ó×ÌÛÜ

Ñ°·²·±²

É» ½±²¼«½¬»¼ ±«® ¿«¼·¬ ·² ¿½½±®¼¿²½» ©·¬¸ ײ¬»®²¿¬·±²¿´ ͬ¿²¼¿®¼- ±² ß«¼·¬·²¹ øËÕ÷ ø×Íß-øËÕ÷÷ ¿²¼ ¿°°´·½¿¾´» ´¿©ò Ñ«® ®»-°±²-·¾·´·¬·»- «²¼»® ¬¸±-» ­¬¿²¼¿®¼­ ¿®» º«®¬¸»® ¼»­½®·¾»¼ ·² ¬¸» ß«¼·¬±®�­

îî ݸ¿®·¬§ Ô·³·¬»¼ ø¬¸» �°¿®»²¬ ½¸¿®·¬¿¾´» ½±³°¿²§�÷ ¿²¼ ·¬­ ­«¾­·¼·¿®·»­ ø¬¸» �¹®±«°�÷ º±® ¬¸» §»¿® »²¼»¼ íï ß«¹«-¬ îðîï ©¸·½¸ ½±³°®·-» ¿- ¬¸» ݱ²-±´·¼¿¬»¼ ͬ¿¬»³»²¬ ±º Ú·²¿²½·¿´ ß½¬·ª·¬·»-ô ¬¸» ݱ²-±´·¼¿¬»¼ ¿²¼ п®»²¬ ݸ¿®·¬¿¾´» ݱ³°¿²§ Þ¿´¿²½» ͸»»¬-ô ¬¸» ݱ²-±´·¼¿¬»¼ Ý¿-¸ Ú´±© ͬ¿¬»³»²¬ ¿²¼ ²±¬»- ¬± ¬¸» ¾»»² ¿°°´·»¼ ·² ¬¸»·® °®»°¿®¿¬·±² ·- ¿°°´·½¿¾´» ´¿© ¿²¼ ˲·¬»¼ Õ·²¹¼±³ ß½½±«²¬·²¹ ͬ¿²¼¿®¼-ô ·²½´«¼·²¹ Ú·²¿²½·¿´ λ°±®¬·²¹ ͬ¿²¼¿®¼ ïðî ̸» Ú·²¿²½·¿´ λ°±®¬·²¹ ͬ¿²¼¿®¼ ¿°°´·½¿¾´» ·² ¬¸» ËÕ ¿²¼ λ°«¾´·½ ±º ×®»´¿²¼ ø˲·¬»¼ Õ·²¹¼±³ Ù»²»®¿´´§ ß½½»°¬»¼ ß½½±«²¬·²¹ Ю¿½¬·½»÷ò

-¬¿¬»³»²¬- -»½¬·±² ±º ±«® ®»°±®¬ò É» ¿®» ·²¼»°»²¼»²¬ ±º ¬¸» ½¸¿®·¬¿¾´» ½±³°¿²§ ·² ¿½½±®¼¿²½» ©·¬¸ ¬¸» »¬¸·½¿´ ®»¯«·®»³»²¬- ¬¸¿¬ ¿®» ®»´»ª¿²¬ ¬± ±«® ¿«¼·¬ ±¬¸»® »¬¸·½¿´ ®»-°±²-·¾·´·¬·»- ·² ¿½½±®¼¿²½» ©·¬¸ ¬¸»-» ®»¯«·®»³»²¬-ò É» ¾»´·»ª» ¬¸¿¬ ¬¸» ¿«¼·¬ »ª·¼»²½» ©» ¿ ¾¿-·- º±® ±«® ±°·²·±²ò

½±²½´«¼»¼ ¬¸¿¬ ¬¸» ¬®«­¬»»­� «­» ±º ¬¸» ¹±·²¹ ½±²½»®² -¬¿¬»³»²¬- ·- ¿°°®±°®·¿¬»ò

Þ¿-»¼ ±² ¬¸» ©±®µ ©» ¸¿ª» °»®º±®³»¼ô ©» ¸¿ª» ²±¬ ±® ½±²¼·¬·±²- ¬¸¿¬ô ·²¼·ª·¼«¿´´§ ±® ½±´´»½¬·ª»´§ô ³¿§ ½¿-¬ ½±³°¿²§�­ ¿¾·´·¬§ ¬± ½±²¬·²«» ¿­ ¿ ¹±·²¹ ½±²½»®² º±® ¿ °»®·±¼ ±º ¿¬ ´»¿-¬ ¬©»´ª» ³±²¬¸- º®±³ ©¸»² ¬¸»

Ñ«® ®»-°±²-·¾·´·¬·»- ¿²¼ ¬¸» ®»-°±²-·¾·´·¬·»- ±º ¬¸» ¬®«-¬»»- ©·¬¸ ®»-°»½¬ ¬± ¹±·²¹ ½±²½»®² ¿®» ¼»-½®·¾»¼ ·² ¬¸» ®»´»ª¿²¬ -»½¬·±²- ±º ¬¸·- ®»°±®¬ò

ìç

̸» ±¬¸»® ·²º±®³¿¬·±² ½±³°®·-»- ¬¸» ·²º±®³¿¬·±² ­¬¿¬»³»²¬­ ¿²¼ ±«® ¿«¼·¬±®�­ ®»°±®¬ ¬¸»®»±²ò ̸» ¬®«­¬»»­ ¿®» ®»-°±²-·¾´» º±® ¬¸» ±¬¸»® ·²º±®³¿¬·±² ½±²¬¿·²»¼ ·² ¬¸» ¼±»- ²±¬ ½±ª»® ¬¸» ±¬¸»® ·²º±®³¿¬·±² ¿²¼ô »¨½»°¬ ¬± ¬¸» »¨¬»²¬ ±¬¸»®©·-» »¨°´·½·¬´§ -¬¿¬»¼ ·² ±«® ®»°±®¬ô ©» ¼± ²±¬ »¨°®»-- ¿²§ º±®³ ±º ¿--«®¿²½» ½±²½´«-·±² ¬¸»®»±²ò

Ñ«® ®»-°±²-·¾·´·¬§ ·- ¬± ®»¿¼ ¬¸» ±¬¸»® ·²º±®³¿¬·±² ¿²¼ô ·² ¼±·²¹ -±ô ½±²-·¼»® ©¸»¬¸»® ¬¸» ±¬¸»® ·²º±®³¿¬·±² ·- ±® ±«® µ²±©´»¼¹» ±¾¬¿·²»¼ ·² ¬¸» ½±«®-» ±º ¬¸» ¿«¼·¬ ±® ±¬¸»®©·-» ¿°°»¿®- ¬± ¾» ³¿¬»®·¿´´§ ³·--¬¿¬»¼ò ׺ ©» ·¼»²¬·º§ -«½¸ ³¿¬»®·¿´ ·²½±²-·-¬»²½·»- ±® ¿°°¿®»²¬ ³¿¬»®·¿´ ³·--¬¿¬»³»²¬-ô ©» ¿®» ®»¯«·®»¼ ¬± ¼»¬»®³·²» -¬¿¬»³»²¬- ¬¸»³-»´ª»-ò ׺ô ¾¿-»¼ ±² ¬¸» ©±®µ ©» ¸¿ª» °»®º±®³»¼ô ©» ½±²½´«¼» ¬¸¿¬ ¬¸»®» ·- ¿ ³¿¬»®·¿´ ³·--¬¿¬»³»²¬ ±º ¬¸·- ±¬¸»® ·²º±®³¿¬·±²ô ©» ¿®» ®»¯«·®»¼ ¬± ®»°±®¬ ¬¸¿¬ º¿½¬ò É» ¸¿ª» ²±¬¸·²¹ ¬± ®»°±®¬ ·² ¬¸·- ®»¹¿®¼ò

ײ ±«® ±°·²·±²ô ¾¿-»¼ ±² ¬¸» ©±®µ «²¼»®¬¿µ»² ·² ¬¸» ½±«®-» ±º ¬¸» ¿«¼·¬æ

ײ ¬¸» ´·¹¸¬ ±º ¬¸» µ²±©´»¼¹» ¿²¼ «²¼»®-¬¿²¼·²¹ ±º ¬¸» ¹®±«° ¿²¼ °¿®»²¬ ½¸¿®·¬¿¾´» ½±³°¿²§ ¿²¼ ·¬»²ª·®±²³»²¬ ±¾¬¿·²»¼ ·² ¬¸» ½±«®-» ±º ¬¸» ¿«¼·¬ô ©» ­¬®¿¬»¹·½ ®»°±®¬ ±® ¬¸» ¬®«­¬»»­� ¿²²«¿´ ®»°±®¬ò

É» ¸¿ª» ²±¬¸·²¹ ¬± ®»°±®¬ ·² ®»-°»½¬ ±º ¬¸» º±´´±©·²¹ ³¿¬¬»®- ©¸»®» ¬¸» ݱ³°¿²·»- ß½¬ îððê ®»¯«·®»- «- ¬± ®»°±®¬ ¬± §±« ·ºô ·² ±«® ±°·²·±²æ

ß­ »¨°´¿·²»¼ ³±®» º«´´§ ·² ¬¸» ¬®«­¬»»­� ®»-°±²-·¾·´·¬·»- -¬¿¬»³»²¬ -»¬ ±«¬ ±² °¿¹» ìêô ¬¸» ¬®«-¬»»- ø©¸± ¿®» ¿´-± ¬¸» ¼·®»½¬±®- ±º ¬¸» ½¸¿®·¬¿¾´» ½±³°¿²§ º±® ¬¸» °«®°±-»- ±º ½±³°¿²§ ´¿©÷ ¿®» ¬®«» ¿²¼ º¿·® ª·»©ô ¿²¼ º±® -«½¸ ·²¬»®²¿´ ½±²¬®±´ ¿- ¬¸» ¬®«-¬»»- ¼»¬»®³·²» ·- ²»½»--¿®§ ¬± »²¿¾´» ¬¸» ³¿¬»®·¿´ ³·--¬¿¬»³»²¬ô ©¸»¬¸»® ¼«» ¬± º®¿«¼ ±® »®®±®ò

¿®» ®»-°±²-·¾´» º±® ¿--»--·²¹ ¬¸» ¹®±«° ¿²¼ °¿®»²¬ ½¸¿®·¬¿¾´» ½±³°¿²§�­ ¿¾·´·¬§ ¬± ½±²¬·²«» ¿­ ¿ ¹±·²¹ ½±²½»®²ô ¼·-½´±-·²¹ô ¿- ¿°°´·½¿¾´»ô ³¿¬¬»®- ®»´¿¬»¼ ¬± ¹±·²¹ ½±²½»®² ¿²¼ «-·²¹ ¬¸» ¹±·²¹ ½±²½»®² ¾¿-·±º ¿½½±«²¬·²¹ «²´»-- ¬¸» ¬®«-¬»»- »·¬¸»® ·²¬»²¼ ¬± ´·¯«·¼¿¬» ¬¸» ¹®±«° ±® °¿®»²¬ ½¸¿®·¬¿¾´» ½±³°¿²§ ±® ¬± ½»¿-» ±°»®¿¬·±²-ô ±® ¸¿ª» ²± ®»¿´·-¬·½ ¿´¬»®²¿¬·ª» ¾«¬ ¬± ¼± -±ò

Ñ«® ±¾¶»½¬·ª»- ¿®» ¬± ±¾¬¿·² ®»¿-±²¿¾´» ¿--«®¿²½» ¿¾±«¬ ³¿¬»®·¿´ ³·--¬¿¬»³»²¬ô ©¸»¬¸»® ¼«» ¬± º®¿«¼ ±® »®®±®ô ¿²¼ ¬± ·­­«» ¿² ¿«¼·¬±®�­ ®»°±®¬ ¬¸¿¬ ·²½´«¼»­ ±«® ±°·²·±²ò λ¿-±²¿¾´» ¿--«®¿²½» ·- ¿ ¸·¹¸ ´»ª»´ ±º ¿--«®¿²½»ô ¾«¬ ·- ²±¬ ¿ ¹«¿®¿²¬»» ¬¸¿¬ ¿² ¿«¼·¬ ½±²¼«½¬»¼ ·² ¿½½±®¼¿²½» ©·¬¸ ×Íß- øËÕ÷ ©·´´ ¿´©¿§- ¼»¬»½¬ ¿ ³¿¬»®·¿´ ³·--¬¿¬»³»²¬ ©¸»² ·¬ »¨·-¬-ò Ó·--¬¿¬»³»²¬- ½¿² ¿®·-» º®±³ º®¿«¼ ±® »®®±® ¿²¼ ¿®» ½±²-·¼»®»¼ ³¿¬»®·¿´ ·ºô ·²¼·ª·¼«¿´´§ ±® ·² ¿¹¹®»¹¿¬»ô ¬¸»§ ½±«´¼ ®»¿-±²¿¾´§ ¾» »¨°»½¬»¼ ¬±

ß- °¿®¬ ±º ¿² ¿«¼·¬ ·² ¿½½±®¼¿²½» ©·¬¸ ×Íß- øËÕ÷ ©» »¨»®½·-» °®±º»--·±²¿´ ¶«¼¹»³»²¬ ¿²¼ ³¿·²¬¿·² °®±º»--·±²¿´ -½»°¬·½·-³ ¬¸®±«¹¸±«¬ ¬¸» ¿«¼·¬ò É» ¿´-±æ

ëð

̸»®» ¿®» ·²¸»®»²¬ ´·³·¬¿¬·±²- ·² ¬¸» ¿«¼·¬ °®±½»¼«®»¼»-½®·¾»¼ ¿¾±ª»ò É» ¿®» ´»-- ´·µ»´§ ¬± ¾»½±³» ¿©¿®» ±º ·²-¬¿²½»- ±º ²±²ó½±³°´·¿²½» ©·¬¸ ´¿©- ¿²¼ ®»¹«´¿¬·±²- ¬¸¿¬ ¿®» ²±¬ ½´±-»´§ ®»´¿¬»¼ ¬± »ª»²¬- ¿²¼ ß´-±ô ¬¸» ®·-µ ±º ²±¬ ¼»¬»½¬·²¹ ¿ ³¿¬»®·¿´ ³·--¬¿¬»³»²¬ ¼«» ¬± º®¿«¼ ·- ¸·¹¸»® ¬¸¿² ¬¸» ®·-µ ±º ²±¬ ¼»¬»½¬·²¹ ±²» ®»-«´¬·²¹ º®±³ »®®±®ô ¿- º®¿«¼ ³¿§ ·²ª±´ª» ¼»´·¾»®¿¬» ½±²½»¿´³»²¬ ¾§ô º±® »¨¿³°´»ô º±®¹»®§ ±® ·²¬»²¬·±²¿´ ³·-®»°®»-»²¬¿¬·±²-ô ±® ¬¸®±«¹¸ ½±´´«-·±²ò

̸·­ ®»°±®¬ ·­ ³¿¼» ­±´»´§ ¬± ¬¸» ½¸¿®·¬¿¾´» ½±³°¿²§�­ ³»³¾»®-ô ¿- ¿ ¾±¼§ô ·² ¿½½±®¼¿²½» ©·¬¸ ݸ¿°¬»® í ±º ﮬ ïê ±º ¬¸» ݱ³°¿²·»- ß½¬ îððêò Ñ«® ¿«¼·¬ ©±®µ ¸¿- ¾»»² «²¼»®¬¿µ»² -± ¬¸¿¬ ©» ³·¹¸¬ -¬¿¬» ¬± ¬¸» ½¸¿®·¬¿¾´» ½±³°¿²§�­ ³»³¾»®­ ¬¸±­» ³¿¬¬»®­ ©¸·½¸ ©» ¿®» ®»¯«·®»¼ ¬± ­¬¿¬» ¬± ¬¸»³ ·² ¿² ¿«¼·¬±®�­ ®»°±®¬ ¿²¼ º±® ²± ±¬¸»® °«®°±-»ò ̱ ¬¸» º«´´»-¬ »¨¬»²¬ °»®³·¬¬»¼ ¾§ ´¿©ô ©» ¼± ²±¬ ¿½½»°¬ ±® ¿--«³» ®»-°±²-·¾·´·¬§ ¬± ¿²§ °¿®¬§ ±¬¸»® ¬¸¿² ¬¸» ½¸¿®·¬¿¾´» ½±³°¿²§ ¿²¼ ½¸¿®·¬¿¾´» ½±³°¿²§�­ ³»³¾»®­ ¿­ ¿ ¾±¼§ô º±® ±«® ¿«¼·¬ ©±®µô º±® ¬¸·- ®»°±®¬ô ±® º±® ¬¸» ±°·²·±²- ©» ¸¿ª» º±®³»¼ò

Ñ«® ¿°°®±¿½¸ ©¿- ¿- º±´´±©-æ

øÍ»²·±® ͬ¿¬«¬±®§ ß«¼·¬±®÷

º±® ¿²¼ ±² ¾»¸¿´º ±º Ó±±®» Õ·²¹-¬±² ͳ·¬¸ ÔÔÐô ͬ¿¬«¬±®§ ß«¼·¬±® îê Ó¿§ îðîî

Ü»ª±²-¸·®» ر«-» êð Ù±-©»´´ α¿¼ Ô±²¼±²

ÛÝïÓ éßÜ

51 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT for the year ended 31 August 2021 Restricted Restricted Restricted Unrestricted Pension Fixed Funds Funds Fun¢Js Assets Funds Year to Year to 31 August 31 August 2021 2020 IMATI Note IMATI £'ooo £'ooo £'ooo £'ooo £'ooo £'ooo Income from Donaiions and legacies Grants Donations- academy Iransf8rs 843 314 881 4,872 964 2,589 1,003 3.555 IMATI 17.879 17.879 6,533 Income from charitable activities 13,442 27,500 40,942 42,628 Income from trading a¢tivthtrS 338 338 301 IncoTne fram investments 254 254 289 Total in¢omè 18,882 17,03S 29,249 65,166 53,204 ExpÈndlture on Raising funds 223 223 261 Charitable activitle5 Ordinary activities Exceptional 1,000 8.480 16.251 206 27,795 387 53.526 593 46,930 IB861 Trading activities 389 389 417 Total oxp6nditur• 1.000 8,480 16,457 28.794 54,731 46,722 Nel gainslllossesl on inve51men15 1,327 1,327 Nét Incom￿(0xp•ndll￿rè1 forth8 pèrfod 11,0001 10,402 57B 1,782 11.762 5,965 Transf•rs bètwèèn funds 17.18 377 19301 Net incomellexpenditurel before other recognised gainslllossesl Other recognlsed galnslllossesl 16231 10,344 13521 2,393 11,762 5,96S Gain on revaluation of Fixed Assets A¢luari41 galnlOo$$l on d$flned benefit pension $¢heme 21 453 453 469 Nét movomÈnt In funds 11,0761 10,344 13521 2,393 11.309 5,496 Réeonelllatlon of funds Totsl fund5 brought fO￿Vard Total fund5 carried fotward 2.682 26,327 13,7581 36,871 4,026 11,722 48,661 37,352 The Group had Do recognised gains or losses other than Ihosg dgall with in th8 Slalgtngnl of FiDanrial Aclivilies. JI income and 8Np8ndilure derive from coDlinuiDg activities. Tha Siaiamèni provid6S Iht consolidatèd inlomat￿n foriht Charitabb ¢omp8ny and 11$ sub*di8ry und8rtakings. Tot81 incoma for th& ch8nt8bla company 8lona vlas £37,558k12020". £33.28lkl and ntl incomt was £5.007k12020. nai txptndilure £662kl. The Dol8s on pages 55 to 82 fr)rm part of Ih85e fiDanrial slal8menls.

52 CONSOLIDATED BALANCE SHEET - 31 August 2021 Company number.. 06577534 31 August 2021 £'ooo 31 August 2020 £'ooo £'ooo Notè £'ooo FIx8d 8880ts Intangibl8 8888ts 248 358 Tanglble fix8d a88&ts 41,784 31,547 Investments 11.573 10.642 53,605 42,547 Current assets Stock Debtors 5,851 5.539 C88h al bank and In hand 5.642 11.253 11.190 Current 118bllltles Creditors. amounts due within one year 11.263 12.506 1187 11,3161 Net ¢urrent a$set￿(liabilltie$I 53,595 41,231 Creditors. amounts falling due after more than one yÈar 1731 11831 Provisions 16 14,8611 13.6961 Net as$ets 19 48,661 37,352 Funds R8Stricl8d p&n$ion funds Re8lri¢led fixed ass81 funds Restricted funds G8n&ral fund 13.7581 36.671 4,026 12,6821 26.327 4,378 The financial stalsments were approv8d by thé Board of Trust8é$ and authoriséd for issue on 25 May 2022 Terry Duddy Chair The notes on pages 55 10 82 form parf of these financial slaternenls.

53 CHARITY BALANCE SHEET- 31 August 2021 Company number.. 06577534 31 August 2021 £'ooo 31 August 2020 £'ooo Note £'ooo £'ooo Fixed assets Intangible 8ssels 248 358 Tangible fix8d a88&ts 5,672 4,424 Investment in subsidiary Investments 11.468 10.528 17,388 15,310 Current assets Stock Debtors 4.640 4.519 Ca8h al bank and In hand 3,162 3.594 7,81Q 8,122 Current liabilitie$ Creditors.. amounts due within one year N8t Current ass8tsllllab116tl851 12,2121 15,1201 15.176 10.190 Crèditors. amounts falling dué aftèr moré than oné y&ar 1731 11831 Provisions Net assets Funds Restricted funds 2,523 2.156 General fund 11.477 6.837 14,000 8,993 As permitted by s408 of the Companies Act 2006. Ihe company has not presented ils own slaternenl of fin8ncial activities and income and expenditure account. The company s net In￿Me in 2021 was £5.007k12020.' nel expendityre £662kl The financi81 statements were approved by the Board of Twslees 8nd aulhorised for issue on 25 May 2022 Terry Duddy Chsir Company RegistratDn No. 06577534

54 CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 August 2021 Y&8r to 31 August 2021 £'ooo Year to 31 August 2020 £'ooo £'ooo Not8 £'ooo Not incomellexponditurol for the reporting p8riod A(Ijusled for Fair value of assets acquired on acquisition of subsidiary Fair ¥31ue of assets disposed on (lisposal of subsidiary Net Igainslllosses on investments Tangiiile fixed assets brought in on ac8demy transfer Revaluation of academy tangible fixed asse15 Itnpairment of tangible fixed assets Loss on disposal of tangible fixed assets Depreciation charges Amortisalion charges Defined benefit pension scherne deficit brought in on academy transfer OÈfined benefit pÈnsion 8them8 C08118$$ contribution8 payable Oefined benefit pension scheme finance c<>st Ini8r&si r&c8ivabl& Investsnenl income ￿CeiVable Interest pÈyable C8piial gran18 rec&iw8d IlncreaseVDecrease in Stock Ilncr8aseVDe¢r8a$e In d&btor8 Incre88ellDe¢re88el in Iiabililies 11,762 5,965 12 12081 59 11.3271 517 16.8311 10 10 15.1581 7,652 10 10 395 339 297 21 21 578 45 382 35 12541 73 11.0031 12891 15551 11281 353 1,972 Net cash provlded byllused Inl op8ratlng actlvltl88 237 3,220 Investfjng actlvltles Cash Inflow from acquisltion of subsidiary Cèsh outflow from 3cqvisilion of subsidiary Purchase of intangible fixed assets Purchase of tangible fixed 35sels Capitsl gr8nls received PrO￿e￿$ from sale of investrnents Interest re￿1Ve￿ Investsnenl income ￿ceiVed 12 241 1481 10 13981 1.003 50 13811 555 62 600 69 Net cash generated from investing activities 1,448 Financing Activities Repayment of borrowings 73 94 Net cash usod In flnanclng actlvltl8S 11831 12041 Net Incr8as8lld8cr6a881 In cash and cash 6qutvalent8 in the reporting period 1,502 3,145 Cash and cash equiw8lenls at beginning of year 1.892 11.2531 Cash and cash equlvalents at end of year 3,394 1,892 Rolating to-. Bank balan￿S and short-term deposits Bank overdrafts 5.394 2.000 5.642 3.750 Cash and cash equivaler 3.394 1,892

55 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 1. Accountlng pollcles A Summ8ry of the prlneip81 èCCOunting polithes adOp￿d 14vhich hove beon applied consistently ex￿pt vthere not&dl, judgement$ 8nd key Sources of estimated unttrt2iniy, 15 sei out below. BÈBIS of cot)solldatiOn The consolidated linaneial $tstemEnts in¢otPOrate those of ¢atth22 Charity Limiied 8nd all its Subsidiaries apart from Launeh22 Limited. The Company ha5 taken adv£ntagÈ ol the èxemptions prOwdÈd by sedion 405 of ihe Companies Act 2006 not lo Include L8unch22 as Il is not maieriÈl to the group. Caich22 ChBrity Limited Is a Chari￿bIe ￿MpaThy Ino. 065775341, limited by guargntee. Intorwrated in EnglÈnd 8nd WÈles gnd regisiered with the Charily Commission Ino 11241271. The regi5￿￿d office is 27 PearTree street, London EC1V 3AG. On acquisition of SubS￿lari&S, aCQUlSibon ￿0￿ni1Th9 IS used. AJI ol Basls of preparatlon The financial stal&ment6 have been kyepared In accordancg with the Financial Reporting Standard appI1r￿b1e In the UK and Republic ol Ire18nd IFRS 1021 The comp8ny Is a puLliC benefil entity for the purposes of FRS 102 and a registered charity esl8blished as a company limited byguar8nlee and therefo￿ has also prepared its financial statefflenb In with ihe Slaiemenl of Recornrnended Practi￿ applicable io charities prepariTrg their account$ In accordance with the Financial Reporting Standard ap￿IcaNe In the UK and RepuNic of Ireland Ith* FRS 102 charities SORPI and lh8 ¢ompani8s Act 2106. cordwj al their fail values reneciing Iheir¢yJndilion al ihaidale. acoulsiiion are recognised as voluntary Income in the sl8iemenl of resulting surpluses or deficits that arise after the group has gained control of IhFJ subsidiary arg charged to Ihg posl-acquisibon statement of finan(4al activities. ￿J1 inlra-group transactions and balan￿$ beiwggn group ￿mpanieS ar9 elirniDaled on consolidation. Income JI In￿rne Is recognised when Ihgre is enlillefflenl to the funds. ihg réceipt Is probsble, and th8 amount can ba méasured r811a￿Y Th9 lollcwin9 a¢counling poli￿83 arg appl￿￿ lo Incotne. Goingconcof The Iruslgeshavgassessed wh91h9rlhe u$eollhe goingconcgm basis is appropriate and have considered possible events or 0ndit￿￿S that rnight cast significant doubt on the ability of chaDtable group to continue as a gnihatlhe charilablecompanyhasadequate resourc8s to continue in operational existence lorlhe foreseea￿9 futur&. The thamable mmpany therefore conliDU&S io adopt the going ¢yJncern ba51s In preparino its financial sthiemenis. toiranslereconomic benefillo athlrd party. It Ispn)bablethata tran51er of economic benefit will tr￿ required in settlement and the arnount of the obligaiions tan be measured reliably. All expendilu￿ Is acwunied for on an accruals basis and has been dassified under headiDgs that aggregaie all costs related to the rAlegory. The f￿lO￿l￿g accounting poIIci8s area appl￿0 lo 8xpendilur&' Allocation ofoverheadano support PA)Sts Ov8rhead. support and gDvemancg costs are al￿al£0 be￿88￿ thg sl of raising funds and chantaNe aclivilies. Overtbead, support and gov8rnan¢e msts r81ating to Charitab￿a¢t1￿ltles have be8n apwrtioDed between acbvili98. The financ4al statements are prepared in slerfing, whith Is ihe functional currency ollhe tharilatde company. Trth)nelaryatnounls are rourK1ed IDlh9 D&aresl ihousand pounds. The charity has taken advanta9& ol th8 exemptv)n in Ihg ¢omp8nies Ad 2006 notto prespnt ts own ststernentof financial adivities. The results olth8 chanty forthfr year end8d 31 August 2021 are 5Pt out here-. tDtal incotne 01£37.558k12020 £23.281kl tTrtal oxpenditurfj of £33 878k 12020.- £33.417kl. invèsbnents £1.327k 12020 £526k nèt lo$$l, rèsulting in nèt mO￿t￿enl in funds ol £5,007k12020-.It682kll Gov8rn3nce Gosts Governanrp in¢luded ¥Yithin supportcosts and ¢onsi¥t of truste&s' expens8s and ?nnual audit and ￿￿4￿dit￿O￿. Cosls glr4ising funds The costs ol genera￿n0 fundstonsi$t of invèstsnent mgnagèment fEes¥nd the costs ol raising funds. in¢ludi[￿ an 8pporbonfflent Df oveth830. support?nd govgrnancg Wsts. A Summ8ry of Ihe printhp81 Èccounting politiès adoptsd (which have beenapplied CDnSiStenUy, except¥Yhpre notedl.judgements Ènd key Sources olestim8tion uncertainty. is set Oul below Charitable sctivifies Costs of charitable èctiwbes include grants paYa￿e ar￿ other cosis directly associated with prowding the seNices and support prDvid8d by the ch8fily and gn 8pport￿rnmenlof Overhead. Supportand gtsvern£nte Costs.

56 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 l. Accounting policies lcontinuedl Ewnditurè letsntinuèdl Employè4 bèyJ#ffts Th& costs ofshort4emy ￿m￿0ve? benelirs a￿ recognisedÉsB Ii&btlily8nd 8n exknse The eosi of8nyunusÈdhoiNl8yentitlement sr&crffjnisedin Ihe period In which Ihe employees Ser￿¥c&S ar eeived. Costs of trading activitE5 indude costs direcuy assoeialed with providln9 the sernces pro￿￿ed throu9h tradino 8nd an £pptsrtiOnmeniof Overhead. support ènd gtsvemarhtè tOSts. Termin8tiOll benefiis a￿ recoDniseilimmediately as an exp￿Se hen the th8ittyiS demonstrsbly committedits termiyYÉte the employm&nl oran employ8e ￿ toprowoe tèrmination brjnefiis. Intan9ible AsgÈts Deveknpmenl costs forfuiure IT projects are capilalised ai rf￿91. Illhe CTiteria for ￿cognItion as assets are not mei, ihe expense Is reco9nised In the Sta￿ment ol financial aclriilies In the wriod Penslon co$ls-Defined Contrlbutlon 3¢hemes The Group makes payments io defined conlribuiion pension schemes on behalf of qualrfying employe&s. Such ￿ntrIbUt￿n$ are charged In pro¢ess. Th9 Wsts ar& amortised using slraighl-line method over 3 10 5 yeaTS being Iheireslifflated useful I￿es. contributions are Investsd separaldyfrom the Charity's assets. Pfjn¥ion bfjnfyfits- Dgfingd 8wDgfit Penwion Srhgme Retirement benefits to employees of the Ca1th22 Mulli Academies Trust are prOV￿ed by the Teachers. Pension Scheme I'TPS'I and Ihe Local Governmgnl Pgnsion Scheme l-LGPS'1. The59 arg dglingd benefit s(emes and Ihe assets are he￿ separately from ihose of the Twsl. Capftall$allon of assets A59els Viilh a value Df greater than £10.OM land some lower al ￿a$1 4 or 3 years respeclivetyl are capilalised and deP￿clat￿d lowrils oftth8 CQSt Trl the assats thgir Thé TPS is an unlund8d schémé 8nd conthbutions calculatéd so as lo spr9a¢ Ihg ¢OStol pgnsions ovgr employ99s' wothing Iiveswilh the TtUSt in such a waythat the pension cost Is a substsntially level pe￿@￿t4￿ ol curr@nt and fuiur8 pensiona￿@ payroll. Th& ¢onknbution$ are deietrnined by the Guvemment Actu£ry tsn thè ￿$1$ ol quadrennial valuabDnS using a prospECtive unit cr8dit method As Stat￿ in noie 21. Ihe TPS is 8 mulll*mpbyerscheme 2nd Ihere is insLrffI￿ent informat￿￿ avaiLEble to Use delinEd benefrtaccounting. The TPS isth8rglore trealgd as a dgfined contribuliDn s¢herne for accounting PUtptssÈs and the ctsntrlbubons retwni5èd In pÈdod io hich th8y r8lat8. Tangib￿ fixed a$set5 Land and buildings and equiprnentare stated in Ihe balance sheoLst cosl or. in tho cas8 ol c8rtain fr88hold and long leaSEhoW l£nd a[￿ building5. Valuat￿ less depreciation whi is prowdEd in équal annual instalments over the estimatéd us8lul lile of the assets. The r8ies of depreclabon are. Freèhold prtsperty- 2¥D pèr annum Long leasehold prop&rty-oYerlgrm ol lease Furniture and equiptnenl- 20% and 33'A perannum MDtDr vehides-25% per annutn Goodwill Goodwill r6pr8S8nts th8 éxcass of th8 cost oran acquisition over Ih&fair value ol thg Group's share ol the Identifiab￿ nel assgls of the acquired subsidiary at the date of acqui%ition. GoDdwll has b9pn aThthisgd straight4ing b3s15 overlhrge ryfive ye8tS. The LGPS. are lundEd scheTnes, and thE assets are held spparaie from ihose of the Twsi In 5eparaie truslee adm1nis￿red funds. PensiDn ScheTne a$SetS are meaSUred al lair Value and liabilltles Ère measurEYJ on 8n actuari81 b8sis using ihe pioiected uniicredii meth and dlscoun￿￿ ais r81è eQuiVa￿Al LO ihe turreni r8ie ol return on È high4]U311ty corwraie bond of equivalent iemi and Cur￿ncY to ihe Inv•9tments Investments are stated at rnatketvalue althe balancp shEet dale. Any change In the market value of Investments Is taken to r￿evant fund tweiherwith any profits or10s8e$ on dispr￿￿1 of investments durino the year. are updated al each balance sheet dale. The afflounls charged to operating surplus are the cuiient seThice costs and the costs of scheme introductlons, benefilthsnges. Settlemen￿ 8nd curt8llment5. They are Included as part of staff c051s as Incurred. Nei Inieresion Slalemenl of Financial Activities and comprises the Interest coston the defined tenefii obligaiion and Inte￿$t Income on the scherne assets, ￿lCulated by multiplying the fairvalue ollhg schgmg ass&ls al the beginning olthe p&riod by the rale uswj to discounithe b&nefil obligations. Th& differ8nce beiwe8n the inl8r8sl Incom8 on th schetne assws and the adual relum on the scherne assets is gnised in gther re¢rynised g?Ins and los%es. Aduanal gains an4 Ioss85 arg recognised Immediatsty in oth8r rgcognised gains and Stock Stocks are valued at ihe lower of cosi and nei realisablè value. Cost Is b8sed on the eost ol purchase on a fltst In, flrst Out basi5. Nei realisable value Is based om eSUma￿d selling pri￿ less 8ddltional costs 10 completlon and disposal Flnanclal Instruments Cash andGash equivalenls Cash and cash equivalents Include cash al banks and In hand and short-term deposits wih a malurily dale ollhree months or Leased assèt Rental costs under 0￿rating lo3ses are charged to the statement of financial a￿l￿tleS in equal amounts over the peri(￿ of Ihelgases. QoblohFandGreditofs Deb￿r$ Orcredilo￿ re￿Iva￿e or payatle Wiihin one yearof ihe reporbrbg dale are carried allh&irlransadion price. Debtors and creditors that are receivable or Payab￿ In more than one year and not subied to a mark8t rate of inter8st are measured at the present valu&of the expected lulure receipts or payfflenl dIS￿￿ntfd 3t a tnatket r¥t8 of intergst

57 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 l. Accounting policies lcontinuedl In kind fundinglgupport The Group benefiiS from the seNitts Df secoThdees. many t￿￿SandS of vdunt8ry hours and uncl8imed oth￿1￿0tkel expenses by a very large numberof supporters. In additKbn, )mpanies, org8niS8tions 2nd Individuals have. In many cases. provided useof f£cilitiES, equipment ènd prèmise$ for VBrious acbvitses and meetings Without charge. The value of such glfts In kind hÈve been Èstim8ted 8nd Included In the consolidated stalemenl of financial aciiviues as income and expendilure when there IS a cosi ￿ the third party oldon8tlng the gittlseryice. Allhou9h Dur systems are not sei up ID summarise the ioial value ol these oifts In kind. we do know they are worth In ex￿$$ of £100k12020'. £50kl. Thisfi9ure does not Critital aetounting ègtimat4s and arèas of juduèm4nt In preparinc financial sta￿MentS li Is nettssary 10 make certBin iudoements. estimates and aSSumptions th£t affect the Èmounls recognised Ihe financial statements. The fo1104ving judgements and estlmates are CA)nsidered by the irustees to have moSLSionlflcBnt effèrton #mounts recognised in the financial ststpments Local GovemmenlPension Sch&me lia￿li1Y The pttsent VBlue ol ihe Local Govemmeni Pension Schemes defined benefit Iiabilily dewnds on a number of factors ihal are determined Dn an actuarial basis using a variety of assumpbons. Tho assumptions used in determining the cost linoimel for pensions Include the discount rate. Any changes In these assufflplions. which arg disd0s9d in note 21, will Itnpact th& carryin9 amount of the pension liability. FUrthe￿i0￿e. a rdl forwsrd spprosch which prDl8Cts r8sults Iroffl th& lat&st full actuarial valuation performed al 31 March 2019 has been usgd l￿WO￿k Ihal the Group undertakes. Taxat￿￿ The Charitab￿ company Is congdered lo pass the lesls sel out i Paragiaph 1 Schedule 6 of the Finance Ad 2010 and therefore Il meets th9 09finilion of a charitsblg companyfor UK corporation lax purposes. Accordingly. il Is wlenlialty exempl from taxaiion in resp8Ctol income or ca￿tal gains r￿1Ved within catégones CA)vered by part 11, chapter 3 of the CotporalioTr Tax Act 2010 or Séction 256 of th8 TaNation Df Chargeable Gains Act 1992. tD that such Incotme orgairbs arg exdusNdyfor charitrable putPDSPS. 2021. Any diftgrences bgiw99n Ihg figurgs dgrived Iroffl the roll fDMard apprDa( and a lull actuarial valuation would ifflpaclon Ihg carrying arnounl 01th8 p&nsion liability- Parfisrnént has agreed, allhe request of the Secretary of Stale lor Education. lo guaranteelhat. in th8 8V8nt of academy dosuré, outstanding Lo￿1 Govgmmgnl Pension %hetne liabi1iliesw(W￿ b8 m81 by the Departrnentfor EducatlDn The guarantee carne into fDrcp 18 July 2013. Fund Atcountin9 Th8 group rnaintains various typ85 ol funds a8 IdlDWS. bl Us8lulEconofflicLiv8s ollntangi&6 Ass8ts Thè annual s￿lI58t10Th chargè lorlntsngiblè assets is sensitive to changes in the estirnated lives and residual values Df the ts. Thg us8lul economic Iivgs and rasidu31 valu88 ar9 reÈ$$e$$ed annually. They Ère Èmended vthen nece$Sary io r8fléct cutrenl estimates. based lechnological advances. fulufe Investmènts and economic uiillsatlon. GO¢￿￿111 Ènd computer softwarE iTnpairment revipws are perfuttned annually. These revievvs iequire 8n estim81￿n of the v8lue Is use of ihe eash genefatlng units to which goodwlll and 5Dftwarè has been Blkuted and the benefjl derived from the seryices prO￿ded io bèneflciarles in fulfllmenioltheeA)mp8ny 8nd group's charithble objectives. RestiTCted Pension lunds Restrict8d pension rés8tv8s résourc8s orliabilities rdabng to t￿group'S D￿lgatiOns tD Ihe Local Governmenl Penslon Schétn8. Of which som8 of Its 8mploy88s ar8 m8mb8rs. RestsTcied fixed asset fvnds Resirlcted fixed ssset funds are resources which are io be Èpplied lo spe￿riC capiLg1 PUrpoSe5 impDsed by lundets where the 8sgel acquired or (xeaied is he￿ for a specific purrthe. Resfvct80 funtss Resirlcted funds representgranL donabons and leyacles recived which are allocated by the donor forspecffjc puws. Impairn￿nI oflnvesthents In Sub&tsianes Impairmeni ieviews of Invesimeni in stsbsidiarles are carried out 8nnu8lly. These ￿VIe￿S ￿QuIre an estlm8tlon ol both ihe UnresirieiÈdfunds Revaluaiion reserves relaleto the measurement olthe fair value of certain Ireehold property. DeS￿naled funds are funds that ihe trustees have designated lo be used for specific purwses. General uThrestricied funds represenifunds which are eypendabk al Ihg ¢iscrebon of the Itustegs in the lurtheranc& ol I￿ObleC￿ of the Charity. which the Invesbnents ￿late, and consldeiabon ol the putlic benefft derived Iroffl the services provided to benefiuanes ID fulfilmeniof Ihe company and group's chariiable obieciives. d) Landand buildings Iransf8nEdon convgrsron Long leas8hold of land buildings has been iransfetredto th& CalchZ2 Mulli Academies Truw al £nil Consideration. The etnises havo been re¢rynise¢ In the Trust's a¢¢ounts at their fair valu8 as al the dale ol transfer. This has been estiTnatsd al thp tnost recent valuatlDn figures provided by the transfprring local authority. as a best approximation of tairval￿. ImpainTrenl gfLong tros¢holdLand & Building Itnpairmenl reviews of long leas&hold land and buildings are c8rried out3nnually. These revipws requir¢ an pStimat￿n of their derived from the tharitsblè group's services provided io b¢nofi¢iaries in fulfilrnent of the company ?nd group's tharitobl objettives. ￿uStee8 recognise the Significani uncert8inty in thp valuation ol CO[nrner￿al property caused by the COV￿-19 that th£t the value ol the (urnpany's IDng lea5Ehold land Ènd buildings h8s rn81erially lrnpaired.

58 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 Comparative Consolidated Statement of Financial Activities for the year ended 31 August 2020 R88trlctsd Re8trlct8d Restrlctod Unr8Strlcted Pèn81011 Fixèd Funds Funds Fund8 IMATI Assets Funds IMATI £'ooo Y8ar to 31 August 2020 Notè £'ooo £'ooo £'ooo £'ooo Income from Donations and lÈgaciÈs Grants Donation- academy transfers 469 495 964 555 1.799 235 2,589 IMATI 12971 6.830 6.533 Income from charltable activities 15,585 26,943 42,528 Income from trading Èctivitiés 301 301 Income from Inv8slmenls 289 289 Totsl income 12971 7,385 17,853 28.263 53.204 Expenditure on Raising fvnd5 261 261 Charitable activities Ordinary aclivili&8 Exceptional 734 241 17.637 28,318 18861 46,930 18861 Tradlng actlv6tle8 Total 8xpendltur8 417 417 734 241 17,637 28,110 46,722 Nel gainslllossesl on investsllenls Net incornellexpenditurel for the period 7,144 216 13641 5,965 Transfers belween funds 17,18 317 27 Net Incom8118XP8ndltur81 befor8 Other recognised gain$lllo8$es Other recognised gainslllos$e51 Acluarial gainlllossl on defined benefit pension scheme 17141 7,121 13371 496S 21 469 469 Net movement In funds 7.121 13371 5A96 Reconciliation of funds Total funds brought forward Total funds carried forward 1,499 19.206 4,483 31.856 12,6821 26.327 4,378 9,329 37,352 The Group had no recognised gains or losses other than those de811 with in the Slalement of Financial Activities

59 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 2. Donatlons. legacles and grants Year to 31 August 2021 Restrlcted Unre$trlcted Year to 31 August 2020 Restrfcted Unrestrlctèd Flxed Asset Ro8trlct8d £'ooo Total Flxed Asset fund8 Re8trlctod £'ooo £'ooo Ttstal fund8 £'ooo £'ooo £'ooo £'ooo £'ooo NCS & employablllty Educ8bon Justi Young people & families Place based delivery and e8rfy action Other Tran8f8r from Ripplez CIC 2,451 2,451 1,003 693 893 555 130 317 1.003 555 115 126 219 215 434 191 366 557 286 448 208 652 1,005 208 407 962 301 188 708 1,150 1,003 3,593 1,157 5,753 555 2,268 730 3,553 The group h88 ben8fited from th8 SUPPOrt of s&v8ral private donors, trusts, foundation8 and corporat8 entltles includlng Barclays Bank plc, Th& Clolhwork&rs' Foundation, Sal8sforc8. J.P.Morgan. The National Lottery Community Fund. Micro80ft 8nd National Grid. 3. Donations- academy transfers {MATI Year to 31 August 2021 Restricted Fixed Assets Fund £'ooo Year to 31 August 2020 Restricted Fixod Assets Fund £'ooo Transferred from Dep8rtment for Education Inole al Tr8nsfer of n8w 8cad8mi8s Inole bl Transfer from local authority Inole cl Transfèr of 8xisting 8trad8mie8 into the academy trust (note dl 5,158 12,460 261 3.100 3,433 6,533 17,879 al Transfer on conv8rslon Itransf8rred from Dopartment for Educatlonl On 11 March 2020 the land and building ofthe Spires Academy were transferred lo Catch22 Mulli Academies Trust from North8mptonshire County Counal for £nil consid&ralion. Tha transfer was accounted for In the comparative period as 8 cornbinalion that is in substance 8 glft. The land and buildings transferred were valued 8t Ihe best estim8te of their fair value 8n(I recognised in the b818nce sheet un(ler the 8ppropri8le heedings with g correspon(ling net amount recognised as a nel gain in the Slalemenl of Financi81 ActiYi118s as'Don8lions- acad8my transfers IMATI,. During the current period the18nd and builLlings al this academy have been revalued following receipt of the land and buildings valuation 8$ al 31 August 2021 performed by E(Idisons. The increase in valuation of and buildings is as f￿lows.. Yearto 31 August 2020 Yearto 31 August 2020 Transfer in recognised £'ooo Transfer in recognised £'ooo Tangible fixed a$$Èis Long leasehold lan(1 an(1 buildings in respeGI of prior peri(￿5 Long leasehold land and buildings 5,158 3,100 3,100 5.158 bl Tran$fer of new aGademie$ On 1 April 2021 the Austen Acaderny was opened by Catch22 Mutti AcÈdetnies Trust. During Ihe period the land and buildings transferred weré valued 88 al 31 Augusi 2021 by Hampshir& County Council Prop8rty S&rvices. Th8 valu& of the land and building8 transferr8d is as follows". YÈarto 31 August 2020 Transfer in recognlstrd £'ooo Yeart¢) 31 August 2020 Transfer in recognl8&d £'ooo Tangib18 fixed asse18 Long leasehold18nd 8nd buildings 12,460

60 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 3. Donations- academy transfers IMAT} Icontinuedl cl Transfor from local authority During the year Torbay Council transferre(I long leaseho￿ land and buildings lo the Catch22 Mutti Academies Trust valued as £261k1£2020.. dl Tr?n5fer from lo¢al authority fr•r¢he year ended 31 August 2020 relHte5 tg the following.. Restrictsd Restri¢ted Pension Fixed Fund As5Èt Rèstricted £000 £000 £000 Total Funds £000 Tangible fixed assets Long leasèhold land and buildings 3,730 3,730 297 297 297 Net Assèts 4. Investment Income Year to un￿$trIcted 31 August funds 2021 £'ooo £'ooo Year to 31 August 2020 £'ooo R08tr1ct8d funds £'ooo Investm8nl income 254 254 289 254 254 289 I prior year inveslmenl income was also unrestricted 5. Net incomel(expenditure) for the year Year to 31 August 2021 £'oo Y8ar to 31 August 2020 £'ooo This 1s sl3te(l after charging.. Depreci8tion of tsngible fixed assets Loss on disposal of tangible fixed assets Amortisation of goodwill and intangible fixed assets Property rentsl Auditor's remuneration Audit f888 for Charty'8 annual accoun18 Audit fées for olher sÈNlces'. the audit of the Charity s subsidiaries. pursuant lo legislat￿n other fees and taxation advi 395 338 828 1.126 35 31 40 32 6. Charltable actlvltles Analysls of Income from charltable actlvltles for the year ended 31 August 2021 Re$tricted Fund5 Unrestricted Funds Year to 31 August 2021 £'ooo 4,339 17,328 8,283 6,707 2,755 1,308 222 £'ooo 63 11,295 271 1,448 £'ooo 4,276 6.033 8.012 5,259 2,755 947 218 NCS & Etnployability Education Justice Young pets￿8 & familles Vocational training Place b888d d81iv8ry and 8arly action oth&r 361 Total 13.442 27,500 40,942

61 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 6. Charltable actlvltles (contlnuedl Analysls of Income from charltable actlvltles for the year ended 31 August 2020 Restricted Vnr?strided Fund5 Funds Year to 31 August 2021 £'ooo 3,217 16.036 10,675 7,929 3,165 1,495 £'ooo 44 10.088 3.850 £'ooo 3,173 5.948 6.825 6.798 3.165 1,023 NCS & Etnployability Education Justice Young people & familie$ Vocational training Pla￿ based delivery and early action oth8r 472 Total 15,585 26,943 42,528 Analysis of X￿nditurt an Charitablè aeti¥itiès for th• yèar trn￿￿ 31 August 2021 Restrlcted Penslon Fund$ Restrl¢ted Flxed Assets Funds £'ooo Re8trl¢ Funds Unre$trl¢ted Funds Year to 31 August 2021 £'ooo £'ooo 1.848 10,502 866 1,615 £'ooo 3,234 7,254 7.179 5,648 £'ooo 5,082 27,236 8,045 7,263 NCS & employability Education Justice Young peO￿e & fatnilies Vocational training Pla￿ based delivery and early action other Exceptional items 1888 b81owl Total 1,000 8,480 827 593 206 1,214 155 387 2,041 748 593 1.00 8,480 16,457 28,162 54,119 Analysls of expendlture on charltable actlvltles for the year ended 31 August 2020 Ro$tri¢tod Ponsion Funds Ro8tri¢td Fixd A¥¥ots Funds £'ooo R8#tri¢ Fund$ Unr8lri¢ted Fund8 Year to 31 August 2020 £'ooo £'ooo 1,310 9.686 3,705 1,314 £'ooo 3,024 6.916 6.306 6,918 3,907 1.197 50 886 £'ooo 4,334 17.577 10,011 8,232 3,907 2,257 612 886 NCS & employaknlity Education 734 241 Young people & families Vocational training Pla¢e based delivery and earfy a¢lloD Other Ex¢ptional Items Isetr btrlowl Total 1,060 562 734 241 17,637 27.432 46.044 Irdudtd In r#$irl¢itd Incomtr Iiolall and txptrndiiurtr for Justice 1$ £3,840k and £3.705k ￿Sp￿¢tIVeIY for th$ Unlockèd Graduaitrs programm8. From 1 Stpiember 2020 thls proi¢i was Iransf*rr8d 10 a $trpar81tr Company. of which Cai¢h221s nD longtrr 8 m$mbtr. Induded In income Ilolall and expenditure forJustice Is £474k and £495k res￿ct￿e1Y from the subsidiary Only Connect UK. With effect from 1 September 2020, the charity left the group and Catch22 ￿aSed to be a member. Induded within unrestricted Income and expenditure on Justice charitable activities Is income of £21k from the Local Leadership and Integration Fund th related expendilure of t21k. The project started in July 2021.

62 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 6. Charitable actlvltles {contlnuedl Support Cosf8 The group operaias a shared services approa¢h with Ihtr majority of Support strvices provided by CaiGh22 Charity Limited lo the oth6r¢ompaniè$ thin Ihe group. Support ¢osis incurred dirt￿lY by Olher¢omp8nies within the group, mainly relating to man8gemeni and dmini$iraiion, 8rt includod thin the direct ¢osis of the 8¢1ivity ¢arned out by thai ¢ompsny. An anatysis Df the cost of support ¥ervi¢es Iwhi¢h a￿ included In Ihe ¢hritsble expenditure abovel prwded by C8i¢h22 Charity Limitsd lo the group is sel out b8bw. Costs have b8en allo¢aied lo charita￿e a¢livilie$ a¥ a proportion of Iht dirÈ¢i expenditure incurred on thai activity. Ytrsr Endèd 31 August 2021 Buslness development, m¥rketing and ¢ommunl¢8tlons Compllan¢e and rlsk management F¥¢llftloS &IT £'ooo Fln8n¢o and ¢ommer¢lo1 Human re$our¢es Man¥gomont and Strategy £'ooo Totsl £'ooo 19 £'ooo £'ooo £'OOD £'ooo Raising Funds Charitable activities.. NCS & employaknlity Edu¢¥tion Jusii¢e Young people & famili85 Vocational training Place based delivery 8nd eady ¥¢lion Other 63 338 100 79 425 126 109 584 173 39 205 61 37 197 413 2,208 654 456 136 90 156 123 55 52 589 39 49 67 52 24 22 253 25 32 35 167 61 836 1,149 904 406 386 4,345 Trading activities 32 672 1,162 915 391 4,396 Govtsman¢t ¢OSts Includ￿ in the above support ¢o$l$ amount 10 £75k12020." £88kl Year Ended 31 August 2020 Bu$ine5S developmen( marketing and omrnunication$ Flnance and ¢gmrnercial Compllance and risk mHnagement Human resources Management Hnd strategy £'ocA) Total £'ooo 25 £'ooo £'ooo £'ooo £'ooo £'ooo Ralslng Funds Charitable activitles: NCS & 8mpltryability Education Justice Young peO￿e & fatnilies Vocational training Pla￿ based delivery and early action Other 66 266 81 329 187 40 160 91 44 178 428 1,738 987 324 479 273 125 152 224 154 75 83 813 59 72 106 73 40 34 42 61 17 1,277 42 21 23 223 710 865 877 429 475 4,633 41 Trading activities 720 87B 1,294 B90 435 4,699 Exceptional Items Included within C08t of Charitabl8 Aclivilie8 ar8 the following exceptional 118ms'. Y8ar to 31 August 2021 Restrlcted £'ooo Year to Year to 31 August 31 Augu$t 2021 2021 Unrestricted Total £'OOD £'ooo Y8ar to 31 August 2020 Unr8strictsd £'ooo Organis8tion31 restructuring and %rvice and site closure5 Provision against group company debtor (not consolidaledl Clawback I (Expected Recovery frorn third patyl of funding rel8ting lo non-delivery by subconlraclors Impairment of tangible fixed assets L055 on dispos81 of Only Connect UK frorn the charitable group (note 180 81 33 131 27 131 223 11.0001 196 49 59 Total 206 387 593 18861

63 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 7. Staff costs Year to 31 August 2021 £'ooo Year to 31 August 2020 £'ooo Salar18S 26,370 26,392 Redundancie5 101 133 National Insurance contributions 2.488 2.508 Pension contributions 2,403 1,728 31.362 30.761 The average number of employees during the period split as follows. Charitabl8 Activiti8$ Trading Support 871 B76 78 Total 953 967 During the period payments to 3gencies for temporary stsff amounted to £1.156k12020.. £1,591kl Agency staff are used lo cover tefflporary vacancies and to meet short-lerm needs. The number of employees whose annual emoluments were £60.000 and above excluding pension cOntribUt￿nS were a5 follows.. Year to 31 August 2021 £'ooo Year to 31 August 2020 £'ooo £60.001 - £70.000 £70.001- £80.000 £80.001 - £90.000 15 £90,001 - £100,000 £100,001-£110.000 £110,001-£120.000 £140,001-£150,000 Employer's pension contributions of £208,63412020.. £201,499) were paid on behaKofthe above stsff. No Irus188s r8ceived any remuneration during tha p8ri0d12020.' non&l. No tru8t8es w8re r8imbur88d eKp8ns88 during the y8ar12020'. one Irusle8 £884 for travel expenses). K8y hlsnag8m&nt Personn&l The lotsl employee benefits of the Key Management Personnd were £990,71912020.. £1.052.1401. Volunteers The 8ver3ge number of volunteers for the year to 31 August 2021 lotslled 13012020.. 1341. 53 volunteers worked in Young peO￿e & Families on various projects. 18 volunteers worked in Justice. 57 WOTked in Place Based Delivery & Early Action and 2 worked in our other delivery hubs.

64 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 8. Intangible fixed assets- Consolidated Computer Software Goodwill £'ooo Total £'ooo £'ooo Cost 1 Septernber 2020 Disposals 1.961 457 2.418 31 August 2021 1,961 345 2.306 Arnortisation 1 Septernber 2020 Charge for the year Disposals 1.603 457 110 31 August 2021 1.713 34$ 2,05B Net book value At 31 August 2021 248 24B At 31 August 2020 358 358 9. Intangible fixed assets- Charity only Computer Softwar8 £'ooo Total £'ooo Cost8 1 Septetnber 2020 Additions 1,961 1,961 31 August 2021 1,961 1,961 Amortl$atltsn 1 Sept8mber 2020 Charg& for the year 31 August 2021 1,603 110 1.603 1,713 1,713 Net book valu0 At 31 August 2021 248 248 At 31 August 2020 358 358

65 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 10. Tanglble flxed assets- Consolldated Long leasehold land and Freehold land building5 & buildings £'ooo £'ooo Furniture & equipment Motor Vehicles £'ooo Total £'ooo £'ooo Cost or Revaluatlon 1 September 2020 Tr8nsfer of academies 31.376 782 809 30 32.997 12.721 12,721 68 Transfers on a¢quisilion 354 44 398 Revaluations- academies 5.158 5,158 11541 Dlsposals 31 August 2021 49,581 782 795 30 51,188 Depreciation 1 September 2020 Transfer relating to prioryear Transfers on acquisition Oisposals Charg8 for the year ImpaitTnents 397 30 1.450 20 51 51 11441 395 261 7.619 33 7,652 31 August 2021 8,714 154 506 311 9,404 Not book valuo At 31 August 2021 Al 31 August 2020 40,867 628 289 41,784 30,494 412 31,547 10. Tangible fixed assets- Charity only Long leasehold land and Freehold land & bulldlngs £'ooo Fumfture & •qulpment £'ooo Total £'ooo £'DOO Cost or Revaluatio 1 S8plember 2020 Transfers on acquisilion-trom Community Links TTUSI Transfers on acquisilion-trom Ripplez CIC Additions 3.478 1.534 782 678 4.938 1.846 68 312 68 254 44 298 Disposals 11091 31 Aullu¥t 2021 5,266 782 993 7,041 Depreclatlon 1 Septèmber 2020 58 315 514 1201 364 20 Tr8nsfsrs on a¢qJisilion-trom Community Links Trust Transferg on ac4ui¥llion-frpm Rlpplez CIC Disposals Charge for the year Impaimients 143 507 51 57 104 174 33 224 31 August 2021 650 154 565 1,369 Net book value At 31 Au9USt 2021 At 31 Augus12020 4,616 62B 428 5,672 3,420 641 363 4,424

66 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 11. Investment In subsldlary- Charlty only Investment in subsidiary Total £'ooo £'ooo Cost 31 August 2020 and 31 August 2021 Impairment 1 September 2020 Charge for the year 31 August 2020 Net book value 475 475 475 475 475 475 At 31 August 2021 AI 31 August 2020 11. Investments- Consolidated 31 August 31 August 2021 £'ooo 2020 £'ooo Investment in associ3ted LLP 105 105 Other investsnenls at tnarket value 11,468 10,537 Investsnenls at mÈTket value Quoted Inveslm8nt8 11.214 10.001 Cash held by inv8Stm8nt managers Unlisted investments 249 $31 110 11,573 10,642 1 Septetnber 2020 Acquisitions al t￿$1 Disposal proceÉds Increaselldecreasel in cash in the portfolio Change In market V8lu& 10,642 6.508 11.001 7.056 16,6221 12821 1.327 17,0011 103 517 Market valu8 at 31 August 2021 11,573 10,642 Historic cost at 31 August 2021 10.418 10.290 31 August 2021 Market value 31 August 2020 Market value Original ¢0st £'ooo Original ¢o$t £'ooo HSBC- equity HSBC- funds 1,231 6.359 2.963 1,011 5.048 2.850 io 54 5,332 2,973 43 4.582 HSBC- fixed incorne 26 27 2.888 HSBC- olhsrs 657 629 1,088 531 14 1,060 531 HSBC- cash 249 249 oth&r-118t8d oth&r- unlisl@d 110 110 110 11.573 loo 10,418 10,642 100 10.290

67 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 11. Investments- Charity only 31 August 2021 £'ooo 31 August 2020 £'ooo Investments al m8rket VBlue 11.459 10,528 Quoted investments 11.210 9.997 Cash held by Investment menagers 249 531 1 September 2020 10.528 10.886 Acquisitions at cost Disposal proceeds Increaselldecreasel In cash In the portfolio Change in market value 6,508 7.056 16,6221 12821 1,327 17,0011 103 516 Market value at 31 August 2021 Historic C05t8131 Augu512021 10.176 31 August 2021 Market value 31 August 2020 Market value Original cost £'ooo Original cost £'OOD £'ooo £'ooo HSBC- eouity HSBC- funds 1.231 6,359 2.963 1.011 5.048 2.850 io 55 5,332 2,973 43 4.582 HSBC- fixed income 26 2T 2.888 HSBC- others 657 629 1.088 15 1.060 HSBC- cash 249 249 531 531 oth&r-118t8d Other- unlisted 11,468 IOD 10.313 10,528 loo 10.176 12. Subsidiaries The charity is the parent of the frAlowing subsidiaries'.13 Aggregate amount of assets, Turnover Surplusl County of Incorporatlon Reglstered ONlce Level of control Invest Income £'ooo for the year £'ooo Name of subsldlary Actlvlty and funds £'ooo Costs £'ooo The Royal Philanthropic Society Incorporating the Rainer Foundation CharilyNuinb8T 229132 England and Wales NIA Dormant 100% Crime Concern Trust England arbd Wales DotTnant 100% Company Numbgr 02259016 CharilyNuinbeT 800735 CalGh22 Social Enterprise Limited Ccvnpany Numbgr 06166785 England arbd Wa18S DotTnant 100% 16461 CalGh22 s￿la1 Enterprise Solutions England arn Wa18S Providing training and employment opportunities for the unemployed 100% Company Numb8r 07971380

68 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 12. Subsidiaries (continued) Aggregats amounl of assels. Surplu IdefiGiti forthe yoar £'ooo Turnover Country of incorpcration Registered Office Level of control invest income Name of subsidiary Activity and funds £'ooo Costs £'Doo £'ooo Pupil Parent Partnetship EDgland and Wales DotTnanl 100% CompanyNufflbgr. 04872659 Include Company Nufflb8r. 02429781 Charity Number 0803333 EDgl8nd and Wales Darmsnl 100% C¥l¢h22 Mulll Academles Tru$i Limiie Comp8np Number. 08299781 Engl8nd and Wales Advancing for the publi¢ enefil. education in the UK through the oper81ion of allemaiive provisi s¢hool8 100% 34.546 30,408 120.7921 9.616 Ctynmunlly Llnks Trust Limiied Cornp8ny Number.. 02661182 Charily Number 1018577 England and Wale$ Communlly dellvery and earfy acllon 100% See'B' below Community Link$ Trading Limited COM￿￿Y Number.. 05737749 EDgl¥nd and Wales Evenw m£nagemenl. produdion sèrvi¢es and storage 100% 11701 250 13571 ft1p￿e1 Community Interest Company Company Number.. 07484690 England and Wales Support vulnerable women and families 100% See'c, below Nol Consolidated.. LaunGh22 Litnited CompafiyNufnber.' En9land and Wales Mentoring. advic8 and trainin9. access lo facilities and workspace to enab￿ persons lo become self-SUPPDrting Ceased opergting July 2020 100% Ceased op8ralin9 July 2020 08789117 Charity Nurnbei 1156775 Launch22 is nol inclurled in Ihe consolidatedfinancialstatements of CatGh22 CharilyLimited as the companyhas takeft) arlvanlage ofthe exernption provid$d by s¢titrn 479A ofthe Comp¥nles A¢1 2006 ntrtto In¢Jucl$ Lun¢h22. as 11 1$ immaieriltty lh$ gmup. The listof Registered Offi￿S Is set out below.. 111 Rectory Lodge. High Street, Brasled, Kent, TN16 IJF 121 27 Pear Tree Str&t. London, EC1V 3AG 131 105 Barking Road, London. E16 4HQ 141 Denvenl stepping Stones. Sl. Marks Road. Derby DE216AH IA) Only Conne¢t UK On 1 September 2020, Catch 22 Charity Limited Ceas￿ lo be a member of Only Connect UK and that company leftthe Charitab￿ group. The nel assets atthe tsme ol transfer were £59k, giving a bss on diswsal of t59k in Catch22'5 ConS(Aidat￿ accounts. This is included as an exceptional expendi￿re Isee note 61.

69 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 12. Subsidiaries (continued) IBI Communlty Llnks Trust Llmlted On 1 February 2021 the ¢harilabl undertaking of Community LiDk$ Trusiw8S transftrrrÈd as a goiDg ¢oD¢tm C8t¢h 22 Ch8rity LimiiÈd. AJI thè ¥>sai$ and li8bililies tranSfe￿d 10 Catch 22 Ch3rity on this dale and Community Links Trust a$d 10 Iradtr as a separate charitable comp3Dy from 1 February 2021. A Summary of the rÈsultg artr shown b#h>w". 2021 £'ooD 899 2020 £'OOD 2,364 Income Expenditure 16961 13,6411 13,4381 12,0991 Net assets transferred to Catch22 Net movement In funds 265 Fixed ass8ls 1,268 Cu￿ent assets 3.074 Current liabilit￿S 19041 3,438 Net assets Restrict￿4 funds 1.167 2,271 UnreslriGt8d gen8ral funds Total funds 3,438 (Cl Ripploz Community Intor•8t Company Caich 22 Charity Limiied be￿me the sole member of Ripplez Community Interest Company on 1 January 2021 la company limit￿j by guarantee. company number 074846901 and accordingly on that dale Ripplez became A subsidiary ol the group. On that dale, Ripplez. transferred all of ils trade and nel assets to Catch 22 Charty Limited. exceptforone conlractwhich continued lo be delivered by Ripplez CIC. A summary of the results are shown bebw.. 17 m*inths to 31 August 2021 £'ooo 1.549 Income EApendilure Net assets Irangfetred to Cat¢h22 Net movemgnl in funds 13261 Fixed ¥ssels Currtnl assets Net assets Unreslri¢led gener81 funds The net assets transferred al the lime of acquisition were.. Fixed assets £'OOD 16 Current 4s$ets Current liabilit￿S

70 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 13. Debtors: amounts due within one year 31 31 August 2021 2020 £'ooo £'ooo Con¥olidatotl GraDI and trade debtors 1,848 1,454 2.551 1,755 Other debtors Prepayments and accrued Income 2.623 5,851 5,539 Charity only Grant and trade debtors 1.728 1.362 Other debtors 1,098 1,438 376 1,072 1,916 169 Prepayments and accrued Income Amounts owed by other9roup companies 4,640 4,519 14. Creditors: amounts falling due within one year 31 August 2021 £'ooo 31 August 2020 £'ooo Consolidated Bank overdr£ft 2.WO 3,750 Bank loan Trade Gredilots 1.433 801 A¢¢rued expenditure 8nd Income in adv¥n¢e Other tax8$ and so¢i81 s¥¢urity Other creditors 5.833 5,822 1.562 1,699 331 324 11.269 12,506 Included in other cr8dilors are Outsta￿dIng pension c4)ntribul￿nS amounting 10 £226k12020.- £218kl. £2.OODk12020.- £3,750kl of the bank overdraft is secured by a fixed charge overthe investments ol the Gharily. 11 is provided by HSBC Private Bank and is ￿ep3Yab￿ on demand and inter8St is charged al 1.25% abDve the base rate. The lolal facility available is £S,DOOk. In addit￿n, the charitable group has a £500k unseGured overdraft available frotn Barclays Bank with interest charged at 3Wo abov8 the base rate. Charity only Bank overdraft 2.￿0 3,750 Bank loan 110 Trade creditors 913 418 Awrued expenditure 8nd Income in advan Olhw lax*$ and $0¢181 s#¢urity 5.390 4,728 1.438 1,545 AmDunls owing to other group comp£nies Other ¢reditor$ 2,525 166 10,022 13,242 Included in other creditors are outstanding pension contribut￿nS amounting to E87k12020.. £90kl. £2,OOOk1202D.. £3.75Dkl of the bank overdraft is se￿red by a fixed charge overthe investments of the Gharity. 11 is provided by HSBC Pnvate 8ank and is r@payable on deTnand and inter8St is charged 811.25/0 4bove the b8se r41e. the lotsl facility 8vailable 1$ £5.OOOk. In 8ddilion. the tharily has 8 £500k unsecured overdraft available from Bardays Bank with interest Charged al 3% above the base rate.

71 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 14. Creditors- amounts falling due within one year Consolldated- deferred income movement £'ooo Balance al 1 September 2020 Amount releaseLI in the period Amount deferred in the perio(1 4.296 14,2961 4.270 Balance at 31 August 2021- all due within one year 4,270 Charity only- defetred incotne tnovemenl £'ooo Balance 811 September 2020 Amount releasetl in the period Amount deferred In the period 3.613 13,6131 4.205 Balance at 31 August 2021- all due within one year 4.205 15. Creditors: amounts falling after more than one year 31 August 2021 £'ooo 31 August 2020 £'ooo Consolidated Bank ban 73 183 73 183 ChHrity only Bank k)an 73 183 73 183 A bank loan of £1.1tn was received in May 2013 and is repayable in 120 tnonthly instaltnenls of £9,167. The atnount outstanding at the 31 August 2020 is £183k- shown a8 £73k due in more Ihan one y&ar and £110k du& In less than one y8ar-12020." £293kl. Thè bank loan is secured by 8 fixed charge ov&r th8 ch8ri1y's leaseho￿ property al P8arTr88 Str88t, London. Inl8r8St is ch8rg8d al 3.28'kn 8bov8 b888 r8te. 16. Provisions 31 August 2021 £'ooo 31 August 2020 £'ooo Consolldat8d P8n8ion fund d8ficit Inote 181 Poltrntlal clawback of fundlng rèlating to non4elivèry by 8ubcontractors 3,758 1,103 2,682 1,014 4,861 3,696 Charlty only Potential clawback of funding relating to non4elivery by subcontractors 1,103 1.014 1.103 1.014

72 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 17. Restricted funds Restricted pension fund5 £'ooo Restricted fixed asset funds £'ooo Total Restricted funds £'ooo Restricted fund5 £'ooo Consolidated Balan¢e at I September 2Q20 Income 12.6821 26,327 18,882 18,4801 1581 4.378 17,035 116,4571 19301 28,023 35,917 125,9371 Expenditure Transfets belwÈen funds 11,0001 377 ActU8rial gainll10881 on defined b8n&fit pension schem8 14531 14531 Balance at 31 August 2021 13,7581 36,671 4.026 36,939 Charity only Balance at I September 2020 Income 2,156 6.599 15.7471 14851 2,156 6.599 15,7471 14851 Expenditure Transfers behveen funds Balanc8 at 31 August 2021 2,523 2,523 The specific purposes for which the fund5 are to be applie(13re 35 follows.. Re5tri¢ted pen¥ion funds These arise in Catch22 Mulli Acadetnies Tru513nd represent the negative reserve in respect of the liability on the LGPS defined benefit pension scherne. Re5tri£ted fixed a55et fund$ These arise in Catch22 Multi Academies Trust and represent the net book value of the land and buildings of acadetnies transfèrrèd from the local authority on convèrsion. Restrlcted funds Thése arise from donation8, grants and feés lo fund aclivi1l&8 or s8rvic&8 as SP8¢1fiÈd by th& donor. Incomé r8pr8sént8 donation8. grants and f8es from gov8mmenl bodi88 and corpor818 and trust donors. Expenditure r8pr8s8n18 8xp8ndilur8 on specific services linked to these restricted donations, grants and fees. Resirlcted funds also include the activilies of the sub81diary company, Calch 22 Multi Acad&mi8s Tm8t Limi18d. An analysls of reslrlctéd fund8 by adivlty is sd out bélow.. Transfers between funds Restricted pension funds-. £377k12020.. £317kl- this represents the actual employer contributions in year to the LGPS scheme. transferred from restricted funds in the Catch22 Mulli Acadernies Trust Restricted fixed asset funds.. 1£58kl12020'.1£2311- this represents property Maintenan￿ expenditure transferred to restricted funds in the Catch22 Multi Academies Trust Restricted funds.'1£319kl12020.. £1321 kll_1£377kl and £58k as described above. A further1£126kl12020.'1£27kl represents ch8rges for seNices between the Charity and Catch22 Muhi Academies Trust. transferred fromlltol general fun(Is. The remaining transfer of1£485kl12020". £nill ￿lateS lo Ihe acquisitK>n of fixed assets using restricted funds.

73 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 17. Restricted funds (continued) Prior y*ar R•stri¢ts pensio lunds £'ooo Ro8tri¢t6d fixed a¥8et funds £'ooo Total R¥8¢ri¢ted funds £'ooo R8$triCtsd fvnds £'ooo eonsolldated Balance at 1 September2019 Income 11.4991 12971 17341 317 19,206 7,385 4.483 17,853 117.6371 22,190 24,941 118,6121 1271 14691 Expenditure Transfers between funds Actuarial gainlllossl on defined benefft pen￿0￿ SGheTn8 14691 B¥lan¢e 8t 31 August 2020 12,6821 26.327 4.378 28,023 Charity only Balan¢0 at 1 Sept8mbor2019 Income 2.285 6,712 16,8411 2,285 6,712 18,8411 Expenditure Bolan¢e at 31 Augu$t 2020 2,156 2,156 Current year Balance 1 September 2020 £'ooo 690 1,15S 605 476 832 335 285 Transfers between fund5 £'ooo Balance 31 August 2021 £'ooo 1.357 1,$03 Income £'ooo 2.515 11.295 271 1.667 727 Expendtture £'ooo Consolidated by charltable actlvlty NCS and employability Education Justice 110,5021 18781 144SI Young peop￿ and families Place based delivery 2rwJ earfy action Pla¢e basèd delivery srbd #ady 8¢1ion- fix8d asset¥ Oiher S28 3B6 13461 11551 593 560 252 Total restricled funds 4,378 17,035 116,4571 4,026 Balance 1 September 2020 £'ooo 690 705 476 Transfers between funds £'ooo 8alance 31 August 2021 £'ODO 1,357 Income Expenditure £'ooo Charty only by charitable activity NCS and employability Justice Young peop￿ and families Place based delivery and earfy action Place based delivery and earty aclion-fixed assets other £'ooo 2.515 271 1.667 1.251 335 560 528 386 13461 11961 593 285 252 Total restricted funds 2,156 6,599 15,7471 14851 2,523 Prior year Balat)c8 1 SoPtomb8r 2019 £'ooo 1.264 1.074 206 467 817 372 Transfers botw$on fund$ £'ooo Balan¢ 31 Augu$t 2020 £'ooo 690 In¢omo £'ooo 736 Exp8ndltyr8 £'ooo Con$olldatod by ¢h•rft$blo ¥ctlv NCS and employability Edu¢¥iion Justice Young peop￿ and families Pl¥¢e ba$#d delivtry 8rhd #ady ¥¢lion Place based delivery and earfy acliDn-fixed assets Olher 10.088 4,104 1.323 1.039 19.6861 13.7051 1,155 605 476 832 335 283 4,483 563 17,853 561 117,6371 285 4.378 Total r•stslct•d fund5 13211

74 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 17. Restrlcted funds (contlnuedl Prlor year B81on¢e 1 September 2D19 £'ooo 1.264 271 467 283 Transfers Bal)n¢e between 31 August fund$ 2020 £'ooo £'ooo 690 705 476 285 Income f'ooo 736 4.090 1,323 563 Expend6ture £'ooo Charlty only by ¢harltable actlvlty NCS and employability EduGation Justice Young Peop￿ and families Total restricted funds 13.6561 561 2,285 0,712 2,156 18. Unraslrictad funds Net gainslllosse51 Net gain on revaluation of fixed assets Balance 1 September 2020 £'ooD Transfers between lunds £'ooo Balance 31 August 2021 £'ooo Income Expenditure £'ooo imiestment8 £'ooo £'Doo £'ooo Cons01idated Revaluation reserve Design8tedfixed8ssels Ggneral fund 2,522 51 6,756 9,329 2,479 29,249 29,249 28,751 28,794 662 1.327 1,327 9,243 11,722 Total 611 Charty Revglu8tioft rttserne G8neTal fund Total 1.649 5,188 6,B37 869 30,090 30,959 1391 27.961 28,000 2,479 9,129 11,608 485 485 1.327 1,327 Revaluation reserve This represents the dtt1eren￿ beb￿eeTh the net book value and valuation ol revalued property. Do$lgt)atèd flxèd a$sèt$ This represent¥ the nei book valutr of fixed a$so1$ hdd by Community Link¥ Twsi. which wtrre not pur¢has#d ￿th re$tri¢i#d funds. Dtrpre¢ialion r*l81ing 10 $u¢h fix#d assets is Charged 10 this fund. Gènoral fund This represents funds which are not restricted or designated for specific purposes. General funds are expendable al the discretion of Ihe trustees to further the charitable objects of the Catch22 group. Prforyoar Not galn8lllosso81 on Invo8lmgnts £'ooo Nat galn on r8valuatlon of 11x8 a8¥0ts £'ooo Balan¢8 1 Sèptsmbqr 2019 £'ooo Transfqrs botwqen lund¥ £'ooo Balan¢0 31 August 2020 £'ooo In¢omg £'ooo Exp8ndKur• £'ooo Con8olldatBd Revaluation reserve Designated Ilxedassets 2,589 55 1671 2.522 51 28.029 28,100 27 27 527 527 Total 28,263 9,329 Charty Revaluatlon r•sory• 1.707 1,649 Genwal fund Total 26.518 26,576 526 526 7,37 26,569 6,837

75 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2020 19. Analysls of net assets between funds Rèstrlcted penslon funds £'ooo Rèstrlcted xed asset funds £'ooo 31 August 2021 Total È'ooo R88trlcted funds £'ooo Unr88trfjcted funds £'ooo Con8011dat&d Fund balancos at 31 August 2021 aro r6pro86ntod by.. Tangible fixed assets Intangible fixed asse18 Investsnenls 36.084 5.700 248 41,764 248 11.573 14.8231 1731 1.103 11,573 Current ass&tsllliabili11&81 587 4,026 1731 4.861 Provisions Tofal nel assets 3.758 Charity Only Fund balancès at 31 August 2021 are repr88ented by.. Tangible fixed assets Intangible fixed assèts Invesknenls 5.672 248 5,672 248 11,468 14.7351 1731 1.103 11,468 12,2121 1731 2.523 Long lertn liabilities Provisions Tolal nef assels 14,000 Restrlcted pension funds R8strlct8d fixed asset funds 31 August 2020 Totsl £'ooo Restricted fund$ Unrestricted fund$ Consolidation Fund balan￿S at 31 August 2020 are represented by.. £'ooo £'ooo £'ooo £'ooo Tangible fixed assets Intsngible fixed assets Investsnenls 25,819 335 5.393 358 31,547 358 10.642 15,8671 11831 1.014 10,642 11,3161 Current assetsllliabilitiesl 508 4.043 Provisions 2,682 3,696 37,352 Total net assets Charity Only Fund balances at 31 August 2020 are represented by.. Tangible fixed assets Intsngible fixed assets Inv8$tm8nls 4.424 358 4,424 358 10,528 17.2761 11831 1.014 10,526 15,1201 Current assetsllliabilitiesl 2.156 Prov1810ns 1,014 8,993 Total net assets 2.156 6.837

76 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 20. Commitments under operating leases Consolidation Al 31 August 2021 the group had future minimum commitments under non-c8ncellable operating le85es as follows.. 31 August 2021 £'ooo 31 August 2020 £'ooo Land and building5'. expiring in the first year expiring in the second lo fifth year expiring after five years 467 567 319 383 105 285 1,353 773 Charity only At 31 August 2021 tho charity had fulurÈ minimum commitments under non-cancÈllablÈ operating leasÈ8 as follows". 31 August 2021 £'ooo 31 August 20209 £'ooo Land and bulldlng8'. &xpiring In th& first year expiring in the second io fiftrh year Èxpiring aftèr five years 467 567 319 383 105 285 1,353 773

77 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 21. Pension and Similar Obligations Employees of The C81th22 Mulb A¢ademie$ Twsi bebng 10 SIN principal pension Schemes." the Teachers. Pension Scheme England and Wales (rpsi for a¢ademi¢ and related staff". and Local Govemmeni Pension Scheme ILGPS'I for non-iea¢hing staff. consisiiny of the Hampshire County Council Pension Fund which is managed by Hampshi¢ County Council for Ashwood A¢8demy, The Coppi¢e Springs Academy and The Austen Academy staff. the Northampion$hire Pension Fund which is managed by Northampionshire County Council forihe Spires Academy ¥iaff. the Devon County Council Pension Fund which is man8yed by Devon County Countyl for the Burton A¢8demy and Brunel Academy Staff in Torb8y. the Norfolk County Countyl Pension Fund which is m8naged by Norfolk County Council for Fen Rivers A¢8demy staff and the Suffolk County Council Pension Fund which is managed by Suffolk County Council for Everiii A¢8demy staff. The pEnsion costs are assessed in accordance with the advice of independent qualified actuaries. The latest actuarial Valuat￿n of the TPS related lo the period ended 31 March 2016 and for the five LGPS schemes 31 March 2019. Contributions amounting lo t138.537 were payable lo the schemes al 31 August 2021 12020.. £111.3871 and are included wlhin other creditors pgyable within one year. Teachers, Pension Scheme Introduction The Teachers. Pension Scheme ITPSI Is a stalulory. contributory. defined benefit scheme, governed by Ihe Teachers, Pensions R￿ulatIonS 2014. ernbership is aulomatic for teachers In academies. Ml leachers have the option to opl-out of the TPS following enrolmenl. The TPS is an unlunded schemetowhich thlh the member and employer makes contributions, as a percentage of salary-these contributions are Grediled to the Exchequer. Retirement and other pEnsion benefits ore paid by puNic funds provided by Parligmenl. Valuation of the Teachers, Pension Scheme The Governmeni Actusry, using Mtm81 aduaDal prjnciples. condu¢i$ a fomal actuarial r$vitrw of the TPS in a¢¢ord8n¢a with the Publi¢ Servi¢8 Pensions IValu81ion$ and Employer Cogi Capl DireGlion$ 2014 published by HM Treasury every 4 years. The sim of the rewew 1$ lo specify Ihp level Df future ¢oniribulion$. A¢tU8rial $¢heme valuations are dependent on $$sumplion¥ Sboul the value of futur8 ¢osi$, design of benefit¥ and many Other fa¢ior¥. The lai$i a¢iuari¥l valuation of the TPS affe¢iing ¢oniributions during the year w8$ ¢arried out as ai 31 Mar¢h 2016. The valuation r#portwa$ publi¥h¥d by th$ Dtrpartmeni for Education on 5 Mar¢h 2019. The key elpmeni$ of the valuation and $ub$Bqutni ¢on$uh¥iioTr Sre. employer¢ontrlbullon rale$ sel 8123.68'kn of pensionable pay Iln¢ludlng ¥ 0.08% employer admlnlslrallon kvyl lolal scheme liabilities (pensions Gurrenly in payment and the 8StiTnaled c4)sl of future benelilsl for 6eMcE lo the 8ffective date of £218.100 illion, arbd notional assets lestimaled future conlribulion5 logetherwith th8 riolional investmen15 held atthe valuation dalelof £196.100 million. giving a notional pa51 setViGe deficit of £22,000 million the SCAPE rate, sel by HMT. Is used lo determine the notional Investment return. The current SCAPE rale Is 2.4% above the rale of CPI, ass￿Med real rale of relum ig 2.4% in excess of prices 2nd In excess of earnings. The rgte of real eamings growth ig gssumed io be 2.2Q The a$$Jme$ nomln¥l rale of return In￿UdIng earnlng$ gro%Wth 1$ 4 45%. The next valuation result is due to be implemented from 1 April 2023. The employer pension Costs paid to TPS in the period aMounte(I to £841k12020.. £665kl. A copy of the valuation report and sUPPOrting documentation is a¥8ilable on the Teachers. Pension website. Under the definitions sel out in FRS102. the TPS is a muhimployer pension scheme. The charitable group ha5 accounted for ils contributions to the scheme as if it were 8 defined contribution scheme. The charitable group has sel out above the information availaNe on the scheme.

78 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 21. Penslon and Slmllar Obllgatlons (contlnuedl Local Government Pension Schemes The LGPS, are funded defined benefit pension schernes. with the asgets held in separate truste&a(Jtninistered funds. The total conthbution mÈde for Ihe year en(led 31 August 2021 w8s £486k 12020.- £410kl. of which employer's contributions totalled £377k12020. £317kl 8n(l employees. Gontributions lotalled £109k12020. £93kl. The agreed contribution rales for future years is between 6.5 and 16.9 per ￿nI for employers and is betwÈÈn 5.5 and 12.5 per ¢eni for empltsyeÈs. Parliament has agreed, al the request of the Secretary of Stale for Education. to a guarantee that. in the event of academy closu￿. outstanding Local Governmeni Pension Schem8 liabili11È8 would be met by the D8partmÈnt for EducÈiion. Thè guarant88 came into force on 18 July 2013. Principal A￿￿arIal A¥$umptlQnS At 31 August 2021 At 31 August 2021 At 31 August 2021 At 31 August 2021 At 31 August 2021 Hamp$hire Norlolk Northamptonshire Svffolk Torbay Rate of increase in salaries 3.60% 3.60% 3.40. 3.60'1 3.85% Rate of increase for pensions irTr paymentlinflation 2.600 2.909 2.900 2.900 2.850A Discount rate for sGheme li8bilities 1.70Q 1.65% 1.65Q 1.65Q 1.70Q Inflation assumption ICPII RPI Inflation 2.600 2.900 2.900 2.850 3.600 3.60Q 3.400A 3.60tr 3.850A At 31 August 2020 At 31 August 2020 At 31 August 2020 At 31 August 2020 At 31 August 2020 Hamp$hire Norlolk Northampton$hire Svffolk Torbay Rale of Increase in sal8ries 3.300 2.900 2.700 3.2001. Rate of increase for pensions in paymentlinflalion Discount rale for scheme li8bilities 2.300 2.20% 2.200 2.200 2.200k 1.700 1.65'/0 Inflation assumption ICPII RPI Inflation 2.300 2.20Q/4 2.200 2.200 3.30. 3.20, 3.20. 3.20.

79 NOTES TO THE FINANCIAL STATEMENT YEAR ENDED 31 August 2021 21. Penslon and Slmllar Obligatlons (contlnuedl Local Government Pension Schemes (continued) SensitivilyAn8lysis Approximate monetsry increase to the obligation as a result of the following changes in assumptions al 31 August 2021 are sel out bebw.. At 31 August 2021 At 31 August 2020 £000 £000 H8rnpshi 0.1% increase in the salary increase rale 0.1% increase in the pension increase r3te 0.1Yo decrease in real discount rale 72 56 81 64 Norfolk 0.5% increase in the salary increase rale 0.5.10 increase In th8 pension incre888 r818 42 0.5Vo decrease in real discount rale 16 46 North&mplonshi 0.5Y4 increase in the salary increase rate 0.5 10 increase In the pension increase r81e 0.5% decre8se in real discount rale 15 40 15 40 Suffolk 0.5Yo incr8as& In th& salary increasè ral& 0.5Vo increase in th8 pension incr8888 r818 19 56 0.5Yo d8cre888 in réal dl8count ra18 56 Torb8y 0.1% increase in the salary increase rale 0.1Yo incréas& In th& penslon incwa88 rate 0.1% deC￿a52 in real discount rate 85 62 87 63

80 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 21. Pension and Similar Obligations (Continued) Local Government Pension Schemes (continued) The current mortality 35SUfflPtions inclu(le sufficient allowance for future irllprovements in mortality rates. The assumed life expectations on retirement age 65 8re-. At 31 August 2021 At 31 August 2021 At 31 August 2021 At 31 August 2021 At 31 August 2021 Hampshire Norfolk Northamptonshire Suffolk Torbay Rpliring Eodsy Males 23.1 years 21.9 years 21.7 years 22.1 years 22.7 years Female5 25.5 years 24.3 years 24.1 years 24.5 years 24.0 years Re1117ng in 20 years Male5 24.8 years 27.3 years 23.2 years 26.2 years 22.8 years 25.8 ye8rs 23.2 years 26.4 ye8rs 24.0 years 25.4 years Females At 31 August 2020 At 31 August 2020 At 31 August 2020 At 31 August 2020 At 31 August 2020 Hampshlro Norfolk Northamptonshlre Suffolk Torbay Relirlng fodsy Males 23.0 years 25.5 years 21.7 yaar8 23.9 years 21.5 years 23.7 years 21.9 years 24.1 years 22.9 years 24.1 years Females Reiliring in 20 yeafr Males 24.7 years 27.2 y&ars 22.8 years 25.5 y8arÈ 22.3 ye8rs 25.1 years 22.7 ye8rs 25.6 years 24.3 years 25.5 y&ars Females Th& charitsbl8 group's share of the as88ts and liabilities in the scheme and the exp8Cted r8te of relum W8m'. Falr value at 31 August 2021 FÈir value al 31 August 2020 £000 £000 Equities 2.098 1.448 Governrnenl Bonds 647 403 Prop8rty 262 185 Corporate Bonds 36 Cash 40 49 Oth&r 476 371 Total market value of assets 3,523 2.492

81 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 21. Penslon and Slmllar Obllgatlons leontlnued) Local Govemment Pension Schemes {continuedl Amounts recogni5ed in the staternenl of fin3ncial activities 2021 2020 £000 £000 Current service cost 19551 16991 P881 serrfice co81 Net Inte￿$t ¢o$l 1451 Totsl operating charge 11.0001 17341 Changes in the pre8&nt V8lue of defined b8n&fit obligation8 w8r8 as fclknws." 2021 2020 £000 £000 At 1 September 5,174 2,960 Transfer ofexisting acad8my Current service cost 836 955 899 P881 serlice cost Interest cost 91 76 Etnployee contnbutions 109 93 919 535 B&nÈfils paid 33 At 31 August 7.281 5.174 Changes in the fair value of the charitable group's share of scheme 8ssels'. 2021 2020 £000 £000 At 1 September Transfer of existing academy Interest income 2.492 1.461 539 46 41 Contributions by mernbers 109 93 Contributions by the 8mployer 377 317 Actuarial Ilossygain B8nefils paid 466 66 33 At 31 August 3.523 2,492

82 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 August 2021 22. Related party transactions al During the year C8tch22 provided servi￿8 and recharged costs to The Catch22 Multi Academies Tru8t Ltd IMATI arnounling lo £573k12020'. £436kl. The MAT provided serrfices to Catch22 amounting lo £316k12020.. £230kl. At the balan￿ sheet d?te Catch22 w8s owed £266k by the MAT12020." £18k w3s owed to the MATI. bl The￿ were no transactions belween Catch22 and Catch22 Social Enterprise Solution5 Ltd Isolulionsl (luring the year. Al the balance sheet date CalGh22 was owed £109k12020.. £109kl by Solutions. cl The￿were no Irans8ctions between Catch22 and Catch22 Social Enterprise Lld IAulo221 during the year. Theafflountthalw3sdueto Catch22 from Auto22 al 31 August 2021 amounting to £646k12020." £646kl was wrillen off as irrecoverable in prior years and therefore the balance (lue 8131 August 2021 included within the C8tch22 financial sl8tements was £Dil12020. £ nill. dl During the year, the Pupil Parent Partnership IPPPI donated £nil12020". £1 kl to Catch22 and Catch22 assutned liabilty for PPP'S outstanding creditors of £nil12020. £50kl.The 8mount owed by C3tch22 to PPP al the b31ance sheet dale was £nil12020.. £nill. el During the year, IntludÈ donated £nil12020-. £253kl to Catch22 and Catth22 assumed liability for Include's outstanding t￿ditO￿ of £nil12020.. £22kl.The arnounl owe(I by CalGh22 to InGlude 3t the balantt sheet date is £nil12020.. £nill. Community Link8 Trust". During the year Catch22 purchased services frorn Cornmunity Links TTUSt amounting lo £nil 12020.. £1kl and Catch22 rnade payments on behÈWof Community Links Trust Inel of amounts repaid) to Community Links Trust of £31k12020. £81kl. At the balance sh881 date Catch22 was owed £1 k12020". £14k owed tol by Community Links Trust. On 1 July 2019 Community Link8 Trust ent8r8d Into an agreement lo inv881 ils surplus cash with Catch22, Inl8r8sI of 0.5h above Barclays bank base ralÈ is payable on the amount invasted. At 31 August 2021 Comrnunily Links had invested £nil12020." £2,511kl with Catch22, which was the amount Catch22 owed Community Llnks Tm8t In r8SP@ct of this agreement. On 1 February 2021. The cheritable undert8kin9 of Community Links Trust wa8 transferred as a goin9 concern C8tch 22 Charity LSmlted. Ml the ass&ts and Ilabililie8 were transferred lo Catch22 on this da18 and Communlty Llnks Trust c8a88d to trade as a s8par8te chari18ble company from 1 February 2021 (see nol8 121. gl During the year Catch22 recharged costs lo Community Links Trading, of £88k 12020.. £17k- n&t of amounts r81mbursedl. Al th8 balance Sheet dale Catch22 w88 owed £260k, of which £147k was transferred from Community Links Twsl. by Community Links Trading. A prov18ion for the full amount of this debt has been made in Catch22's financial statements for the year ended 31 August 2021 12020.. £nill and therefore the balanc8 due al 31 August 2021 included within th8 C8tch22 financial s18t8m8nls is £nil12020.. £25kl. h) Catch 22 Charity Limited became the sole member of Ripplez Comrllunily Interest Company on 1 January 2021. On that date, Ripplez, transferred all of ils trad8 and nel 8888ls lo Catch 22 Ch8ri1y Limited. 8xcepI for one contract which conlinuad lo be d8liv8r8d by Ripplez CIC (see note 121. Al the balance sheet date Catch22 was owed £112k by Ripplez. A provision for the full amount of this debt has been made in Catch22's financial statements for Ihe year ended 31 August 2021 and therefore the balan￿ due at 31 August 2021 included within the Catch22 financial statements is £nil. Launch22". On 31 March 2015 Catch22 made 8 loan of £125k to another charity. Launch22 Limited Iformerfy Launchpad Labs Limited). at an interest rate of LIBOR plus 0.75% per annum. The amount remained due lo Catch22 at 31 August 2021 12020.. £125kl. The loan was due for repayrnenl in four equal annual instalments cotnmencing on the second anniversary of the agreement. but refflains outstanding and Catch22 made 8 full provision against this debt in the financial year ended 31 August 2016. C8tch22 became the sole member of Launch22 on 23 May 2017 and paid afflount5 totslling £2k on beh3W of Launch22 during the financial ye3rl2020-. £33kl. £302kwasduetoCalch22 atthe balance sheet date12020-. £300kl- Atthe balance sheet dale a provision against the full 3mountof the debt has been made. induding an additional £2k provision in the financial year12020.. £33kl- Launch22 ha5 not iEen Gonsolidated into the results of the group for the ye8r ende(131 August 2020 as it is not material. Launch22 closed in July 2020 and is in the process of being wound-up. Il CatGh22 Social Enterprise Solutions Litnited 15 a member of Public SeTviGes Lab LLP IPSLI, whiGh was inwrwrated on 24 November 2016, and il contrt)Is 32.5°k of the Voting rights in that entity. There were no transactions between PSL Ènd thÈ CÈtch22 group during thè year and there were no balances oulslanding beiween these enlilies al the balance sheet dale12020.- £nill. kl Catch22 owns 50'A of the voting rights in Jobs22 Limited. During the year Catch22 provided services amounting to £218k12020". £nill to Jobs22. At the balance sheet dale Jobs22 owed £209k12020". £nill to Catch22. 23. Post balance sheet events al On 1 Seplernber 2021 C8lch22 compl&ted a rnsrger lo become the sde rn8mb8r of CoLle 4000 UK CIC IComp8ny Nvmber.. 103773121. Code 4000,8 obj&cts ar8 to tarry on activities which b6nefil the community and In p8rti¢ul8r Iwilhoul limitalionl lo pr180ners in UK prisons. The objects are fulfilled by the leaching of coding lo prisoners. All of Code 4000,8 S8rvic&s will now ba d8liv8red by C8tch 22 Charity limited.

83 CATCH22 PEOPLE Patron HRH The Princess Royal Board of Trustees Terry Duddy, Chairman Caroline Artis, Treasurer lappointed 24 February 20211 Mike Adamson (resigned 16 December 20211 Elaine Bailey (resigned 16 December 2020) Kieron Boyle Pauline Campbell Iresigned 16 September 20201 Ben Cooper (resigned 10 December 20211 Matthew Halslead (appointed 16 September 2020} Jeff Jacobs Gita North Tove Okunniwa Samantha Olsen {appointed 20 January 20221 Pria Rai Claire Starza-Allen (appointed 16 September 20201 Jonathan Thomas lappointed 20 January 20221 Richard Williams lappoinled 1 July 2020 & resigned 19 March 20211 Sean Williams Honor Wilson-Flelcher (resigned 26 July 20211 Bankers Barclays Level 27, 1 Churchill Pla London E14 5HP Solicitors Stone King LLP Boundary House 91 Charterhouse Street Clerkenwell London EC1M 6BHR Investment Managers HSBC Private Bank IUKI Limited 78 Sl James's Street London SW1A 1JB Auditots Moore Kingston Smith LLP Devonshire House, 60 Goswell Road, London, EC1M 7AD Chlef Executlve Chris Wright Company Sacrgtary Nigel Richards Registered Office 27 Pear Tree Street London EC1V 3AG

Ý¿¬½¸îî ½¸¿®·¬§ ´·³·¬»¼ò λ¹·-¬»®»¼ ½¸¿®·¬§ ²±ò ïïîìïîé ݱ³°¿²§ ´·³·¬»¼ ¾§ ¹«¿®¿²¬»»ò ݱ³°¿²§ ²±ò êëééëíì w Ý¿¬½¸îî îðïç