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|Reports||||
|---|---|---|---|
|Reference and administrative||information||
|Trustees'
report||||
|Independent
auditor's|report||17|
|Financial statements||||
|Statement offinancial|activities||22|
|Balance sheet|||23|
|Statement ofcash flows|||24|
|Notes to the financial|statements||25|
##
|Directors|and charity|and charity|Trustees|Kymberlie
Andrew|Kymberlie
Andrew|||||
|---|---|---|---|---|---|---|---|---|---|
|||||Saeed Atcha (appointed|||17Oct 2022)|||
|||||Rod Bristow||||||
|||||David Cruickshank||(Chair)||||
|||||Professor David|Docherty|||OBE||
|||||lan Ferguson||||||
|||||Nicola Freeman|(appointed|||1 July 2022)||
|||||Karen Giles||||||
|||||Dame Joan McVittie||(resigned|||7 Sept|
|||||2021)||||||
|||||Professor Sir Steve||Smith||||
|Chief Executive||||Nick Chambers||||||
|Registered|office|||Quantum
House
22-24 Red Lion Court||||||
|||||Fleet Street||||||
|||||London||||||
|||||England||||||
|||||EC4A 3EB||||||
|Company|registration||number|06886359 (England||and Wales)||||
|Charity registration||number||1130760||||||
|Registered|name|||Education
and Employers||||Taskforce||
|Auditor||||Buzzacott LLP||||||
|||||130Wood Street||||||
|||||London||||||
|||||EC2V 6DL||||||
|Bankers||||The Cooperative|Bank|||||
|||||PO Box101||||||
|||||Balloon Street||||||
|||||Manchester||||||
|||||M60 4EP||||||
|||||Freshfields
Bruckhaus|||Deringer|||
|||||65 Fleet Street||||||
|||||London||||||
|||||EC4Y 1HS||||||
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||||Unrestricted|Restricted|31March|31March|
|---|---|---|---|---|---|---|
|||Notes|funds|funds|2022|2021|
||||f|f|f|E|
|Income from:|||||||
|Donations
and legacies|||25,005||25,005|58,050|
|Charitable
activities|||52,083|1,172,497|1,224,580|1,571,758|
|Investments|||153||153|341|
|Other sources||||||10,000|
|Total income|||77,241|1,172,497|1,249,738|1,690,149|
|Ex enditure on:|||||||
|Charitable
activities|||||||
|Research|||414|25,424|25,838|72,158|
|Inspiring the future|||13,370|1,278,968|1,292,338|1,599,231|
|iCould|||48,474||48,474|60,878|
|Total expenditure|||62,258|1,304,392|1,366,650|1,732,267|
|Net income/(expenditure)|for the||14,983|(131,895)|(116.912)|(92,118)|
|year|||||||
|Transfer between funds|||(19,023)|19,023|||
|Net movements
in funds|||(4,040)|(112,872)|(116,912)|(92,118)|
|Reconciliation
offunds:|||||||
|Total funds at April 2021|||37,317|527,816|565,133|657,251|
|Total funds at31March|2022||33,277|414,944|448,221|565,133|
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|||Research|Inspiring||iCould||Total|Total|
|---|---|---|---|---|---|---|---|---|
||||the||||2022|2021|
||||future||||||
||||E||||||
|Staff costs||4,338|480,772||||485,110|688,266|
|Other direct|costs|5,244|285,928||48,474||339,646|364,552|
|Depreciation|and|38|1,244||||1,282|1,234|
|impairment|||||||||
|||9,620|767,944||48,474||826,038|1,054,055|
|Share ofsupport costs||15,843|512,269||||528,112|666,962|
|(see note 8)|||||||||
|Share ofgovernance||375|12,125||||12,500|11,250|
|costs (see note 8)|||||||||
|||25,838|1,292,338||48,474||1,366,650|1,732,267|
|Analysis
by fund:|||||||||
|Forthe year|ended 31||||||||
|March 2022|||||||||
|||||||'|||
|Unrestricted|funds|414|13,370||48,474||62,258||
|Restricted funds||25,424|1,278,968||||1,304,392||
|||25,838|1,292,338|.|48,474||1,366,650||
|Forthe year|ended 31||||||||
|March 2021|||||||||
|Unrestricted|funds|27,879|12,112||||73,366||
|Restricted funds||132,352|1,587,119||||1,658,901||
|||160,231|1,599,231||||1,732,267||
##
|||Support|Governance|Total|Total|
|---|---|---|---|---|---|
|||costs|costs|2022|2021|
|||E|f||f|
|Staff|costs|378,808||378,808|429,019|
|Other|costs|149,304||149,304|237,943|
|Audit|fees||10,000|10,000|4,250|
|Legal|and professional||2,500|2,500|7,000|
|||528,112|12,500|540,612|678,212|
##
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||||2022|2021|
|---|---|---|---|---|
|Net movement|in funds|isstated after charging|E|E|
|Fees payable to|the charity's
auditor||10,000|8,750|
|Depreciation
on|tangible|fixed assets|1,282|1,237|
|Operating
lease|charges||25,073|50,060|
##
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|The average|monthly
number
employees
during th|e year was:||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|||f|E|
|Research||1|2|
|Inspiring the|future|19|17|
|Other support staff||5|10|
|||25|29|
|Employment|costs|||
|||2022|2021|
|||E|E|
|Wages and salaries||779,580|971,960|
|Social security costs||76,376|94,674|
|Other pension costs||42,339|50,651|
|||898,295|1,117,285|
|Th|e n|umber|of employees
whose annual
remuneration
|was f60,000or more were:||
|---|---|---|---|---|---|
|||||2022|2021|
|||||Number|Number|
|In|the|band|f60,001 —f70,000|||
|In|the|band|f70,001 —f80,000|||
|In|the|band|f80,001—E90,000|||
##
##
||||||Furniture,||
|---|---|---|---|---|---|---|
||||||fittings and||
||||||equi pinent
f||
||Cost||||||
||At 1April 2021||||49,759||
||Additions||||||
||At 31March|2022|||49,759||
||Depreciation||||||
||At 1April 2021||||48,350||
||Charge for the year||||1,282||
||At 31March|2022|||49,632||
||Net book value||||||
||At 31March|2022|||127||
||At 31March|2021|||1,409||
|13|Debtors||||||
||||||2022|2021|
||Amounts
falling due||within one year:||f|f|
||Trade debtors||||19,560|93,800|
||Other debtors||||||
||Prepayments|and accrued income|||32,988|30,077|
||||||52,548|123,877|
|14|Creditors: amounts||falling due within one year||||
||||||2022|2021|
||||||f|f|
||Trade creditors||||15,751|77,473|
||Other taxation|and social security|||74.371|68,621|
||Other creditors||||6,261|8,227|
||Accruals and deferred|||income|181,135|39,160|
||||||277,518|193,481|
##
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Deferred|income at|1April 2021||||3,623||
|Incoming|resources|received|requiring||deferment|135,000|3,623|
|Release|of incoming|resources||during|the year|(3,623)||
|Deferred|income at|31March||2022||135,000|3,623|
##
##
||||||Movement
in funds|||
|---|---|---|---|---|---|---|---|
||||Balance|Income|Expenditure|Transfer|Balance at|
||||at 1April||||31March|
||||2021||||2022|
||||E|E|E|E|E|
|Research||||6,401|(25,424)|19,023||
|Inspiring|the|future|527,816|1,166,096|(1,278,968)||414,944|
||||527,816|1,172,497|(1,304,392)||414,944|
||||||Movement
in funds|||
||||Balance|Income|Expenditure|Transfer|Balance at|
||||at 1April||||31March|
||||2020||||2021|
||||E|E|E|E|E|
|Research|||(99,579)|25,000|(71,782)|146,361||
|Inspiring|the|future|628,544|1,486,391|(1,587,119)||527,816|
||||528,965|1,511,391|(1,658,901)|146,361|527,816|
##
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##
|||||Movement
in funds|||
|---|---|---|---|---|---|---|
|||Balance at 1|Income|Expenditure|Transfer|Balance at 31|
|||April 2021||||March 2022|
|||E|E|E|E|E|
|General|unrestricted|18,071|77,241|(62,258)|(19,023)|14,031|
|||18,071|77,241|(62,258)|(19,023)|14,031|
|||||Movement
in funds|||
|||Balance at 1|Income|Expenditure|Transfer|Balance at 31|
|||April 2020||||March 2021|
|||E|E|E||E|
|General|unrestricted|108,861|128,758|(73,187)||18,071|
|||108,861|128,758|(73,187)||18,071|
##
|f unrestricted|funds by t|he Trustees for specific pu|rposes:|||
|---|---|---|---|---|---|
||||Movement|in funds||
|||Balance at|Income|Expenditure|Balance at|
|||1April 2021|||31March 2022|
|||E|E|E|E|
|Staff personal||19,246|||19,246|
|development|fund|||||
|||19,246|||19,246|
||||Movement|in funds||
|||Balance at|Income|Expenditure|Balance at|
|||1April 2020|||31March 2021|
|||E|||E|
|Staff personal||19,425||(179)|19,246|
|development|fund|||||
|||19,425||(179)|19,246|
##
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||fund|funds|2022|
|||f|f|E|
|Fund balances at 31March 2022 are represented|by:||||
|Tangible assets||127||127|
|Net current assets||33,150|414,944|448,094|
|||33,277|414,944|448,221|
|||Unrestricted|Restricted|Total|
|||fund|funds|2021|
|||f|f|f|
|Fund balances at 31March 2021are represented|by:||||
|Tangible assets||1,409||1,409|
|Current assets||283,208|280,516|563,724|
|||284,167|280,516|565,133|
##
||2022|2021|
|---|---|---|
||f|E|
|Within one year|4,356|25,073|
|Between one and five years||4,356|
||4,356|29,429|
##
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|||||2022|2021|
|---|---|---|---|---|---|
|||||f|f|
|Deficit for the year||||(116,912)|(92,118)|
|Adjustments
for:||||||
|Interest receivable||||(153)|(341)|
|Depreciation
oftangible||fixed assets||1,282|1,237|
|Movements
in workings||capital:||||
|Decrease/(Increase)|in debtors|||71,329|(42,282)|
|Decrease in creditors||||84,037|2,545|
|Cash provided
by/(used||in) operating|activities|39,583|(130,959)|