Education And Employers
Taskforce
Annual Report and Financial
Statement5
31 March 2024
Company Registration Number
06886359 IEngland and Wale51
Charity Registration Number
1130760

Education And Employers Taskforce
Contents
Page
Reference and administratlve information
Trustees, report
2-11
Independent auditorfs report
12-16
Statement of financial activities
17
Balance sheet
18
Statement of cash flows
19
Notes to the financial statements
20-29

Education And Employers Taskforce
Reference and administratlve informatlon
For the year ended 31 Marth 2024
Dirertors and Trustees
Kymberlie Andrew
Saeed Atcha MBE DL
Kenneth Bristow (Resigned 31 May 20231
David Cruitkshank
Professor David Docherty OBE (Resigned 23 September
20241
lan Ferguson
Nicola Freeman (Resigned 23 September 20241
Karen Giles {Resigned 22 March 20241
Stuart Meldrum (Appointed l May 20241
Professor Sir Steve Smith
Post year end oppointments..
James Anderson (Appointed 23 September 20241
Will Harding IAppointed 23 September 20241
Charlie Maynard (Appointed 23 September 20241
Clare Moore-Bridger (Appointed 23 September 20241
Louise Scott (Appointed 23 September 20241
Henry Faure Walker {Appointed 23 September 20241
Senlor Management
Nick Chambers CEO
Dominic Judge
Charlotte Thurston
Charity reglstered number
1130760
Company registered number
06886359
Registered offlce and
princlpal office
Quantum House
Red Lion Court
London, EC4A 3EB
Auditor
Buzzacott LLP
130 Wood Street
London, EC2V 6DL
Bankers
The Cooperative Bank
PO Box 101
Balloon Street
Manchester, M60 4EP
Sollcitors
Freshflelds Bruckhaus Deringer
65 Fleet Street
London, EC4Y IHS

Education And Employers Taskforce
Trustees, report
For the year ended 31 March 2024
The Trustees present their annual report together with the financial statements of Education and Employers
Taskforce {'the Charity'l for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policie5 set out in notes to the
account5 and comply with the Charity's governing document, the Charities Act 2011 and Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16
July 2019. The Charity operate5 under the working name of 'Education and Employers,.
STRu￿uRE, GOVERNANCE AND MANAGEMENT .
Education and Employers was incorporated on 23 April 2009 with the company number 06886359 and
registered as a charity on 27 July 2009 with the charity number 1130760. The company's governing instrument
is its Memorandum and Articles of Association. Education and Employers is a company limited by guarantee
and has no share capital.
The Board of Trustees act a5 Trustees of the Charity and Director5 of the Company. Trustees ensure the Charity
complies with charity law and they oversee the strategic direction. The Board meets once per quarter. Board
of Trustees meeting5 are closed and attended by Trustee5 and the Executive Team (Senior Management Team)
who report on progress against mission and provide administrative support. Trustees appoint the Senior
Management Team15MTI and consider the Chief Executive, Director of Operations and Programme5 and
Director of Governance Programmes as key management personnel. The Board of Trustees oversees the
performance of SMT including collaborations with the partner organisations.
In this year and up to the date of the approval of the financial statements, the following people acted as
Trustees..
Kymberlie Andrew
Saeed Atcha MBE DL
Kenneth Bristow (Resigned 31 May 20231
David Cruickshank
Professor David Docherty OBE (Resigned 23 September 20241
lan Ferguson
Nicola Freeman (Resigned 23 September 20241
Karen Giles (Resigned 22 March 20241
Stuart Meldrum (Appointed l May 20241
Professor S￿r Steve smith
Jame5 Ander50n (Appointed 23 September 20241
Will Harding (Appointed 23 September 20241
Charlie Maynard (Appointed 23 September 20241
Clare Moore-Bridger (Appointed 23 September 2024)
Louise Scott (Appointed 23 September 20241
Henry Faure Walker (Appointed 23 September 2024}
The Board of Trustees undertakes recruitment of new members based on a skills review of the Board. New
Trustees have an induction and are provided with ongoing support and training to meet their responsibilities.
Trustees fulfil a valuable role as ambassadors for the Charity to strengthen our influence with key stakeholders
and decision-makers. The Charity works in collaboration with leading organisations representing education.
employment. government and intermediaries. approved by the Trustees. Their role is essential to achieving
the vision and by coordinating their activities they will provide greater clarity for schools and colleges and
minimise unnecessary duplication for employers.

Education And Employers Taskforce
Trustees. report (continued}
For the year ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMEKf Icontinuedl
We believe that by working together with our partners and collaborators acros5 all sectors that we can help
ensure that every young person in the UK, wherever they live. whatever their parentslcarers, circumstances,
ha5 the opportunity to hear first-hand about jobs and the world of work. We want our young people to
become excited by learning and by their potential, to see the diversity of what 15 Possible and to make
informed decisions about their future.
Senior Management Team ISMT)
The team is led by the Chief Executive who manages daily operation5 including finances and strategy as
directed by the Trustees. He is responsible for liaising with Trustees. partners and all other stakeholder5. He
reports directly to the Trustees who are responsible for monitoring and assessing his performance and that of
the team.
Remuneration policv
The Board of Tiustees set5 the remuneration levels for the SMT. In setting remuneration, Trustees have regard
to the need for the Charity to attract and retain highly effective people who can further the aim5 of the
organisation. In doing so they wish to minimi5e any unnecessary expense and ensure that the differential
between the highest and lowest paid member of staff 15 kept to a minimum.
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the Charity's aims and objectives las set out below) and in planning
future activities and setting appropriate policies for the year.
Small company exemption
The financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime.
OBJECTIVES AND ACTIVITIES
The vision of Education and Employers is to "provide young people with the inspiration, motivation,
knowledge, skills and opportunities they need to help them achieve their potential" The objectives of
Education and Employers are:
To help ensure that all young people achieve their potential and leave education with the relevant skills,
knowledge. aspirations and motivation to enter further learning and the workforce;
To contribute to ensuring that the UK'S future workforce is equipped with the 5ki115 that employers seek
and thereby to help employers realise the benefits from their involvement in education,.
To provide clarity, simplicity and efficiency in linking education to employers-
To support the leadership and management of schools and colleges by providing highly skilled volunteers
to serve as governors and Trustees,.
To Support schools and colleges in in5pirin& guiding and motivating young people about the world of
work,. and
To inspire and motivate employers.
Our Values
As a charity, we are committed to embodying our values in our work with young people, schools, volunteers,
employers. staff, partners and supporters. We strive to be inspirin& inclusive, innovative and impactful, and to
act with integrity in all that we do.

Education And Employers Taskforce
Trustees, report (continued)
For the year ended 31 March 2024
OBJEcfivES AND ACTIVITIES Icontinuedl
Inspiring: This value stands for what our Charity is about, linking the world of work with education. to inspire
children from all backgrounds to seek the very best future possible. We will encourage and support our
energetic staff, empowering them to do a great job.
Inclusive: We will work collaboratively with employer, volunteer and education partners to champion equality,
offering inclusive solutions that meet the diverse needs of all children. particularly those from disadvantaged
backgrounds.
Innovative: We will undertake and share our pioneering research. using our Innovative technology to offer
creative solutions for the times. We will look to form new partnerships in the interests of children, do things
differently and have a 'can do, attitude.
Impactful: We will seek to ensure that everything we do makes a real difference on children's lives. We will
ensure we draw on the diversity and talents of all our staff to do this, encouraging and challenging each other
to improve ourselves as colleagues and to deliver a better service.
Integrity: We will work with integrity to achieve our aims. This final value underpins all our other values. In
everything we do we will be respectful, open and honest. We will operate with a strong ethical foundation and
build Trust with stakeholders and between colleagues.
Main activities of the charlty
The principal activitie5 of Education and Employer5 are carried out through the following programmes that
target state primary and secondary schools and institutions in the UK. These are supported by funded projects
and campaigns which sit within these programmes:
Inspirin8 the Future
Primary Future5
Inspiring Governance (until 30 September 2024 when it will be closed)
Research
A key overarching activity of the Charity is to level the playing field for all state schools and colleges, focusing
our resources as appropriate on supporting those most in need including children and young people who are
living with social, economic and environmental disadvantage. We work in partnership with local stakeholders
and other organisations to achieve our outcomes and we are deeply grateful for the input of schools.
employers and our incredibly diverse range of volunteers who are passionate about helping young people
achieve their potential.
All of our programmes leverage the power of technology to enable a low-cost national approach. providing
value for money and an ability to remain flexible and innovative through changing circumstances. Our
Salesforce technology platform was developed for Education and Employer5 Wlth pro bono support from
Deloitte and Ordnance Survey providing a pioneering approach to connect volunteers frorn the world of work
to state schools which is efficient, effective, equitable and scalable. The aim is to give all young people the
opportunity to meet and interact with people doing a wide range of jobs, from different sectors. levels and
backgrounds. It 15 available to all state schools but enables the Charity to provide focused support for young
people who need it most.
It also enables the Charity to run local and national campaigns based on location, economic sector, School
subjects, diversity, social mobility etc. Teachers. governing boards. employer5 and volunteers from the world
of work sign up to the platform for free and are then able to connect for a range of activitie5 5UPPOrting career
related learning or as governors to school boards.
When Inspirin8 the Future was first launched the focus was solely on in person visits and talks. Over the last
four years we have developed and refined a very effective way of connecting schools virtually with diverse role
models from across the country. It has opened up a world of opportunities for young people that simply was

Education And Employers Taskforce
Trustees, report (continued)
For the year ended 31 March 2024
OBJECTIVES AND ACTIVITIES (continued)
not possible before. So for example. if you are a primary-aged child living in Wolverhampton, with Inspiring the
Future you can now meet and ask questions of an engineer working on green energy wind turbines off the
Norfolk coast- if you live in the centre of Liverpool you can hear from an agricultural scientist working in
Hampshire,. if you live in Sunderland, you might talk with a cancer specialist in Swansea,. and if you live in a
rural hamlet in Cornwall you can quiz a digital animator working in film production in Salford
The online service is Supported by resources, guidance and our team who help Share good practice and ensure
a successful match. Feedback is gathered from key Stakeholders to monitor activity and continuously improve
outcomes. A number of dynamic dashboards and automated reports give instantaneous access to activity data
with the option to drill down to filtered results which helps to monitor progre55 and ensure effectiveness.
Education and Employers Research has a small research team that has been acclaimed for pioneering research
in careers education. The team works in partnership with several research institutions enabling the Charity to
bring key findings to the attention of key stakeholders in the field of education and employment. The Charity is
fortunate to be working alongside highly regarded institutions such as OECD Education, World Economic
Forum to further our research agenda and improve the quality of careers education for children and young
people in the UK and beyond.
ACHIEVEMENT AND PERFORMANCE
Insplrln8 the Future
Inspiring the Future IITFI was the first employer engagement in education programme designed and
developed by Education and Employers aimed at engaging tens of thousands of schools and volunteers across
the country. It remains our flagship programme for schools with 26.000 teachers and school leaders from
11,000 schools and colleges registered,185%+ of secondary and 35% of primary) and 90,000 volunteers from
diverse backgrounds and professions. It has enabled over 4.5 million interactions between young people and
volunteers to date.
The programme offer5 an unrivalled database of diverse volunteers available for both in person and virtual
activities. Coupled with our team'5 expertise in facilitating impattful activities for a range of age groups and
demographics. schools across the country come to us with tonfidence in helping to inspire their students,
navigate potential future opportunities and motivate them around subjects.
During the 2023-24 financial year, our programme reached over 410,000 children and young people. We
supported schools to deliver impactful face to face and virtual employee encounters that successfully
delivered against Gatsby Benchmarks. We also provided schools with a range of resources explicitly designed
to support in delivery of the Gatsby benchmarks and delivered training and guidance to help strengthen this.
Over this financial year we have continued to work closely with key stakeholders across the sector including
local authorities, Multi-Academy Trusts including Asset Education and Future Academies and with the Careers
and Enterprise Network I CEC"). We have continued our ongoing partnership with Education Development
Trust IEDTI, who run the West London Careers Hub. where we have created new teaching resources for
schools and delivered teacher training and events supporting pupils to connect with employers, including
SEND schools.
We continue to run national campaigns with key sectors and through funded partnerships. This includes our
NHS Ambassador5 programme. our lead corporate supporter Bank of America and partnerships including
WorldSki11s UK, Vestey Holding5, Maritime UK and Queen Elizabeth Scholarship Trust IQESTI, We have also
partnered with Department for Transport via their Reach for the Sky Challenge Fund on a national campaign to
inspire the next generation of aviation profe55i0nals. Through these partnerships we are able to help
employers and industry sectors create better links to local communities, reaching out to support young people
in considering the range of roles and career pathways available to them and help secure and diversify their
future talent pipeline. We are grateful for their continued 5UPPOrt and look forward to working Wlth them and
new partners over the coming year.

Education And Employers Taskforce
Trustees, report (continued)
For the year ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE Icontinuedl
Primary Futures
We know that for children of primary age, making a connection between what they learn in the classroom and
how it relates to the world of work isn't easy. Primary Futures, developed in partnership with the National
Association of Head Teachers {NAHTI and launched in 2014 is changing that.
Getting the chance to meet a wide range of people doing different jobs is particularly important for those
children from disadvantaged backgrounds who have few successful role models, either at home or in their
local communities. Primary Futures helps children understand how achieving at school can lead to a sat15fyin&
fulfilling career.
Alongside our support to over 7,000 registered primary schools across the country. this financial year we have
focused on delivery of a number of regional and sector focused projects. Regional projects included working
with the Greater London Authority to create teaching resources which focused on the built environment
sector. delivering events to support London Careers Festival for both primary and secondary schools, as well as
supporting the delivery of the Department for Education funded Dream Big Start Small primary programme in
areas including North East. Cambridge. Derbyshire and Nottingham. Dorset and Cornwall.
Our programmes continue to receive positive feedback from schools and volunteers, with 90% of teachers
rating activities as impactful or highly impactful and 95% of volunteers likely to recommend volunteering with
us to a colleague or friend. This is further evidenced by the positive feedback we have received from schools
with some examples provided as follows..
l just wanted to contact you to say how wonderful David. one of your volunteer5, was todoy. David, o pilot
from Jet 2, responded to my invitotion to speok ot an aviotion session we were hoping to hostfor our Year5
children. to inspire them around the types of careers availoble in the sector. ... the session he delivered today
wos reolly engoging ond perfectly pitchedforprimory school children. Lots of the children were talking about
becoming engineers. 5teward5 Gndflight traffic controllers after the session which 15 exactly whot we wantl He
has made such a difference just by coming along. Thank youfvr connecting us.
Teacher. South Tyneside School
This h05 been a hugely positive experience for both staff and children at our5chool. It has provided a platform
from which we can basefuture work ond help raise aspin7tions in on oreo of deprivation - thank youl
Communication has been brilliant, and I have always left each planning meeting feeling well-informed and
confident to Use the Primary Future5 platform in thefuture.
Teacher. Cornwall School
It's not whot you give. but what you get bock that makes this such as delight and a chollenge. Being a volunteer
gives you a whole different perspective on the work you do and has been invaluable to me and my company,
and I would Say to anyone think about doing this to embrace all that Inspiring the Future gives and does us it
will inspire you as o person and os o pmfessionol to seek greater things also.
Brian. Inspiring the Future volunteer
Further afield, we have continued to work with the Ministry of Education in British Columbia to share our
learning5 from the UK to schools there through a project connecting 5tudentS to employers. We look forward
to building on this work over 2024/25 both here in the UK and through international partnerships.
We would like to thank all our funders including the AKO Foundation and T.U.U.T. for their fsnanclal support
and our volunteers, employer partners and teachers who continue to support us in our work to inspire the
future generation.

Education And Employers Taskforce
Trustees, report {continued)
For the year ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE Icontinuedl
Governance Programmes
Inspiring Govemance IIGJ
In 2023-24 we continued to deliver the Inspiring Governance {IGI school governor recruitment service for the
Department for Education IDfEI. Financial year 2023-24 was the last full year of the contract. but based on our
performance the DfE exercised the option to extend this contract for a further six months. and it will now be
delivered to the end of September 2024. At this point the contract will formally end after eight years of
successful delivery. The focus of this contract includes the recruitment of skilled volunteers to governing
boards of maintained schools and local governing boards of academy trusts. It doe5 not include recruiting
academy trustees.
The governor recruitment service works using our unique Salesforce and Ordnance Survey mapping
technology platform. where volunteers can re8iSter their interest in becoming a governor and school/
academy trust recruiters can p05t their governing board vacancie5 whi15t also searching for suitable skilled
volunteers in their local area. Those governors appointed in schools have been provided with Supporting
induction materials and online training modules from the National Governance Association INGAI.
During the 2023-24 financial year we comprehensively met the DFE'5 KPIS. securing full performance payment5
for contract delivery. We successfully placed 1.274 governors in schools, reaching 102% of the DfE's increased
matching target for year two of the contract. We also significantly exceeded many other KPIS, including
exceeding the targets for appointing Black, Asian and minority ethnic governors by 221% and appointing
younger governors under 50 by 164Yo. We also easily surpassed our gender band targets, our non-London
regional appointment targets, and our required governor skills targets.
As part of our governance work and our desire to secure a diverse civic democracy, we have continued our
commitment to diversifying school governing boards under ourjoint Everyone on Board campaign with the
National Governance Association. As part of this commitment the charity used its own reserves to produce a
compelling new campaign video and we would like to thank all the passionate partners who have promoted
the campaign and video on our behalf- such as Operation Black Vote, the Church of England Education Office,
and the brilliant Civil Service Race Forum. amongst many others. In financial year 2023-4, over a third135%) of
the governors we placed in schools and academies were from an ethnic minority background.
In response to governing boards continued articulation that they often lack the education expertise in their
membership to effectively challenge headteachers. we have continued our joint Educators on Board campaign.
Kindly supported by leading educational stakeholder5 such as the Association of School and College Leaders,
the National Association of Headteachers. the DfE. the Chartered College of Teachin& Teach First, and the
Independent Schools Council we have been able to recruit hundreds of extra education professionals in 2023-
24. across all English regions and school phases, to bring much needed education skills and insight onto school
boards.
In addition to education volunteers. we have worked with a nationwide network of employers (both private
and public sector e.g. the NHSI and professional associations and member networks to talk to volunteers
about the responsibilities and benefits of becoming a school governor. These have included our growing
number of School Governor Champions, who have actively promoted the role of school governor to their staff
and supported them to undertake this important role. We have a150 continued a wide range of communication
campaigns throughout the year. including our Volunteers Week. 'back to school,, and Christma5 and New Year
ampaign5. We have also continued to produce numerous case studies featuring young and diverse
professionals who have become governors, persuading their peers to consider volunteering as a governor.

Education And Employers Taskforce
Trustees, report {continued>
For the year ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE Icontinuedl
We have enjoyed strong relationships throughout 2023-24 with wide range of governor and trustee recruiters.
These have included Local Authorities, Academy Trusts, Dioceses and a wide range of schools, colleges, and
academy trust local governing boards themselves. 2023-24 saw over 1,100 more single school and academy
trust recruiters sign up to use the 5ervice1162 of these recruiting for multiple schools) and we undertook
numerous virtual (beginner and mastercla5s} briefings for recruiters on how to best use the online platform to
support their recruitment needs.
Our Inspiring Governance service has achieved consistently high customer satisfaction rates throughout FY
2023-24. The last Q4 survey of our placed volunteers and recruiters was consistent with quarters 1-3 and
showed- 95% of volunteers were satisfied with the Service provided by Inspiring Governance; 95% of
volunteers would recommend the IG service- and 95% were happy with the information and onboarding
support provided to them throughout the proce55. Surveys of our recruiters showed.. 97% of recruiters were
satisfied with the service provided by Inspiring Governance and 100% would recornmend the IG service to
others. This is an exceptionally strong endorsement of our work judged by any industry standards for customer
satisfaction. This is further evidenced by the positive feedback we have received from recruiters; typical
examples of which are below:
"I wa5 delighted with the quality of govemors ond gratefvl the website made it so simple to appoint such great
odditions to our board.-
"It is an exceptionol service. and I've managed to recniit muny volunteers onto our governing boord-
"I wanted to drop a quick line as I will be leaving my trust in afew weeks and so wanted to offer a quick note of
thonksfor your support in our governor and trustee recruitment over the yeor5. I've used your5eNice for mony
years. and it's always offered greatpeople to get involved in my schools so thonk you."
In 2023-24 the Inspiring Governance contract was focused increasingly more on supporting 'high needs,
settin8s. These were defined as those schools/ academies rated 'requires improvement, or'inadequate, bv
Ofsted. or school governing boards causing concern referred to us directly by a local authority. diocese. or
academy trust for extra recruitment support. These governor placements have required significantly more
time and bespoke work from our team, but our governor appointments have made a considerable impact for
these'high needs. settings.
Trustx is a recentlyformed. two school MA Tbased in Coventry in the West Midlond5. The Executive Head
Teocher contacted usfor urgent help recruiting new locol governorsfvr one of the primorie5 afterfailing to find
ony through any other met7ns. The School wa5 judged as 'requiring improvement, at it5 last inspection before
becoming acodemized. The key things they were lookingfvr in governors were an unde￿tanding of the
community, finance skills. and cultuml diversity. We pn?vided honds-on assistance using the IG platform ond
bespoke recruitment help resulting in two new governors being Gppointed. One was a young profr55ional male
in his twenties who work5 fvr the Finuncial Ombudsmen Service and the other an NHS proftssional. Both were
ofsouth Asian heritage. Thank5 to allyour support we huve 5ucce55fvlly 5ecured2 new q¢)vernorsfvr5chool
x which Is brilliant.-

Education And Employers Taskforce
Trustees, report (continued)
For the year ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE (continued)
The charity is immensely grateful to all the brilliant employers and professional associations that have
supported the service and all the fantastic individuals who have volunteered to become a governo[/ trustee.
Our Value of Volunteering research highlights four clear benefits to volunteering as a governor.. benefits to
schools from skilled volunteer5, professional skill development for volunteers from undertaking the role-
motivation and productivity gains for employers who support their staff to volunteer; and additional personal
health and well-being gains for those individuals who volunteer.
We would also like to thank our funder5 the Department for Education,. and all the governor recruiters who
have worked with us from individual schools to local authorities, diocese and multi academy trusts. Our focus
in 2024-5 will be to ensure we work with schools and volunteer5 to ensure we place as many volunteers as
P055ible in the right governance role, before ensuring an orderly c105ure of the service by the end of
September 2024. Following thi5 closure, the Department for Education will not be funding any governor
recruitment for the first time in 25 years.
Research Bulletin and Llbrory
The Charity produces an international free monthly research digest which combines the latest research,
reports and publications worldwide to support policy makers and researchers interested in employer
engagement in education. It contains detai15 Of forthcoming conference5 and events, calls for evidence,
tenders, articles and blogs on careers, skills. jobs and education. The more notable reports are included in the
CharitV'5 online library which provides a comprehensive repository of the different and effective approaches to
employer engagement and careers education. It brings together the latest thinking with selected research
published over the past 40 years. Free to access and searchable by keyword, it features summaries of a wide
range of studies with abstracts and links to the full reports. Over the last decade the library has become a
valuable asset for researchers, academics and policy makers. With research articles and reports from leading
figures and education bodies, visitors can examine issues such as employer-led learning, youth employment,
career-related learning in primary schools, and social mobility. as well as information on gender, ethnicity, and
specific subject study such as STEM.
Internatlonol
Our programmes and research continue to attract international interest. We have a number of partnerships in
place, the most notable being Wlth New Zealand where we are working with the Tertiary Education
Commissionne Amorangi Matauranga Matua which is responsible for all careers provision in the country. We
are also working with partners in Australia, Sweden. Iceland. Uganda and British Columbia, Canada whose
Ministry of Education and Childcare have commissioned the charity to develop a programme for pupils in
Grades K-8 (ages 4-14 years) with the aim of:
Exposing K-8 student5 to different career options
Broaden their horizon of possibilities
Create links between learning and career development
Bring learning to life
Thank you
The Trustees are grateful to the support given to the Charity by many individuals and organisations. We would
like to take this opportunity to thank the thou5and5 of volunteers, organisation5 and partnerships without
whom our work would not be p055ible and to all the schoo15 and teachers who work so hard to inspire the next
generation. Education and Employers works with and through partners and special thanks should go to Bank of
America. AKO Foundation, National Association of Head Teachers, Health Education En8land, Department for
Education, TUUT Charitable Trust. Department for Transport. Freshfields and Ordnance Survey amongst many
others.

Education And Employers Taskforce
Trustees, report (continued)
For the year ended 31 March 2023
FINANCIAL REVIEW
The total income of Education and Employers was £1,187,79412023- £1,267,768) and a deficit of £53,143
12023- £60,033) for the year ended 31 March 2024.
Funding and going concern
The income of the Charity has been supported in the year by the continued activity of a major supply contract
for the Department for Education, Inspiring Governance. Under this contract the Charity has used the
technology developed under the Inspiring the Future programme to match volunteer school governors with
suitable vacancies. This is a major undertaking for the Charity which has involved considerable development of
our technology platform and recruitment of regional staff in areas where school governors have been difficult
to recruit.
The Charity makes forecasts of future funding based on different outcomes to funding bids and dependant on
whether significant contracts are renewed when they come to their contract renewal date. In respect of the
Inspiring Governance contract that comes to an end in September 2024 the Charity has made forecasts to
ontinue operations without this funding after making appropriate changes to staffing levels. The Charity
regrets that it has been necessary to make some redundancies during this adjustment and would like to thank
all of the employees for their continued hard work through this difficult transition.
Our accounting policy on going concern on page 20 goes into further detail on future funding.
The Charity has always sought to broaden its income sources to include grants from charitable Trusts and
foundations. develop corporate partnerships. and relationships with prospective major donors. The Charity is
positioning itself as a specialist partner to potential partners for projects and contracts offering our expertise
to add value.
Reserves pollcy
The total reserve5 held by the Charity at the year-end were £335.045. Thi5 is made up of £16,122 restricted,
£19.246 designated and £299,677 general unrestricted reserves. The value of the restricted, unrestricted and
designated reserves is monitored by the charity and reviewed annually when the statutory accounts are
presented for approval.
The Trustees consider that the Charity should retain reserves sufficient to cover three months basic running
costs. This equates to £250,000 and at the year end this target had been met. Thi5 15 on the ba515 of the total
restricted and unrestricted funds held at the balance sheet date. as the majority of charitable expenditure is
within restricted funds.
Principal risks and uncertainties
Management and the Board of Tru5tee5 continuously monitor the major risks to which the Charity is subject.
namely continuation of its funding and its reputation.
Funding. Funding is regularly and closely reviewed by the Trustee5, Wlth the strategy to maintain
medium term funding. The Charity remain5 small, low cost and flexible and, in the event of a sudden
1055 of funding, an orderly close-down could be affected. Having reviewed the strategic risks facing
the Charity as well a5 the cash flow forecast models for various scenarios. the Trustees consider that
there are sufficient reserves held at 31 March 2024 to manage those risks and achieve their business
plan.
Reputation. The Charity ha5 taken centre stage in the area of education and employer engagement:
management and Trustees recognise that the future of the Charity depends on maintaining this
P051tion. To thi5 end, all programmes and events that the Charity runs are professionally managed.
and all research work the Charity sponsors is carried out and reviewed in a thorou8h, professional and
independent manner.
io

Education And Employers Taskforce
Trustees. report (continued)
For the year ended 31 March 2024
STATEMENTOF TRUSTEES, RESPONSIBILITIES
The Trustees, who are also the directors of Education and Employers Taskforce for the purpose of companv
law. are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting
Practice).
Company Law requires the Trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the Charity, and of the income and expenditure of the charitable
company for that year.
In preparing these financial statements, the Trustees are required to-
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP,.
makejudgements and estimates that are reasonable and prudent- and
prepare the financial statements on the going concern basis unle55 it 15 inappropriate to presume that
the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracv
at any time the financial position of the Charity and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
DISCLOSURE OF INFORMATION TO AUDITOR
Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to
the audit. but of which the auditor is unaware. They have further confirmed that they have taken appropriate
steps to identify such relevant information and to establish that the auditor is aware of such information.
The Trustees, report was approved by the Board ofTrustees and signed on their behalf by:
Trustee
Dated- l.................
li

Buzzacott
DRAFT
Independent auditorfs report to the members of Education and Employers
Taskforce
For the year ended 31 March 2024
Oplnlon
We have audited the financial statements of Education and Employers Taskforce (the 'charitable company'l for
the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, and
statement of cash flows, the principal accounting policies and the notes to the financial statements. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standard5, including Financial Reporting Standard 102 Yhe Financial Reporting Standard applicable
in the UK and Republic of Ireland, Iunited Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
+ give a true and fair view of the state of the charitable company's affair5 a5 at 31 March 2024 and of it5
incorne and expenditure for the year thenended,.
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
and
• have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the auditor's responsibilities for the
audit of the financial statements section of our report. We are independent of the charitable company in
accordance with the ethical requirements that are relevant to our audit of the financial Statements in the UK,
including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Concluslons relatlng to goin8 concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable corNpany'5 ability to
continue as a going concern for a period of at least twelve month5 from when the financial statements are
authorised for issue.
Our responsibilitie5 and the responsibilitie5 of the trustees With respect to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information contained
within the annual report. Ou r opinion on the financial statements does not cover the other information and,
except to the extent otherwise explicitly stated in our report, we do not express any form of assurance
12

Buzzacott
DRAFT
Independent auditorfs report to the trustees of Education and Employers
Taskforce
For the year ended 31 March 2024
conclusion thereon.
Our responsibility is to read the other information and. in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements. we are required to determine whether this gives rise to a material misstatement in the
financial Statements themselve5. If, based on the workwe have performed. we conclude thatthere 15 a rnaterial
misstatement of this other information, we are required to report that fact.
We have nothing to report in thi5 regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit..
• the information given in the trustees, report, which is 0150 the directors, report for the purposes of
ompany law, for the financial year for which the financial statements are prepared is consistent with
the financial statements,. and
• the tru5tees' report, which is a150 the directors, report for the purpose5 Of company law, ha5 been
prepared in accordance with applicable legal requirement5.
Matters on which we are required to report by exceptlon
In the light of the knowledge and understanding of the charitable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the trustees, report. We have
nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us
to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us.. or
+ the financial statements are not in agreement with the accounting records and returns,. or
certain di5c105ures of tru5tees' remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies. exemptions in preparing the tru5tees'
report and from the requirement to prepare a Strategic report.
13

Buzzacott
DRAFT
Independent auditorfs report to the trustees of Education and Employers
Taskforce
For the year ended 31 March 2024
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees Iwho are also the directors of
the charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosin& as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to
cease operation5, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstaternent, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable a55urance is a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Mi55taternent5 can arise
from fraud or error and are considered material If, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of user5 taken on the basis of these financial statements.
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities,
including fraud and non-compliance with laws and regulations, was as follows:
• the engagement partner ensured that the engagement team collectively had the appropriate
competence. capabilities and skills to identify or recognize non-compliance with applicable laws and
regulations;
we identified the laws and regulations applicable to the Charity through discussions with
management, and from our knowledge and experience of the sector-
we focused on specific law5 and regulations which we considered may have a direct material effect on
the financial statements or the operations of the Charity. including the Charities Act 2011, Companies
Act 2006. data protection legislation, anti-bribery, 5afeguardin& employment. health and safety
legislation;
we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence- and
identified laws and regulations were cornmunicated within the audit team regularly and the team
remained alert to instances of non-compliance throughout the audit.
14

Buzzacott
DRAFT
Independent auditorfs report to the trustees of Education and Employers
Taskforce
For the year ended 31 March 2024
We assessed the susceptibility of the Charitls financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by:
making enquiries of management as to where they considered there was a susceptibility to fraud,
their knowledge of actual, suspected and alleged fraud,. and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
To address the rlsk of fraud through management blas and override of controls, we..
+ performed analytical procedures to identify any unusual or unexpected relationships..
• tested journal entrie5 to identify unusual transattions; and
assessed whetherjudgements and assumptions made in determining the accounting estimate5 set
out in the accounting policies were indicative of potential bias.
In response to the risk of irregularities and non-compliance with laws and regulations. we designed procedures
which included. but not limited to:
agreeing financial statement disclosures to underlying supporting documentation;
reviewing the minutes of Trustees, meetings-
enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and
regulations to enquiry of the trustees and other management and the inspection of regulatory and legal
correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise froffl error as they
may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at
www.frc.or
auditorsres
onsibilities. This description form5 part of our auditorf5 report.
15

Buzzacott
DRAFT
Independent auditorfs report to the trustees of Education and Employers
Taskforce
For the year ended 31 March 2024
Use of our report
This report is made solely to the charitable company's Trustees. as a body. in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's member5 those matter5 we are required to state to them in an auditor's report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the charitable company and the charitable company's Trustees as a body. for our audit work. for
this report, or for the opinions we have formed.
Katharine Patel (Senior Statutory Auditor)
For and on behalf of Buzzacott LLP, Statutory Auditor
130 Wood Street
London
EC2V 6DL
11 VvvowbLf %2 *
16

Education And Employers Taskforce
Statement of financial activities
for the year ended 31 March 2024
Unrestricted
Restricted
31 March
31 March
Notes
fund5
funds
2024
2023
Income from".
Donations and legacies
Charitable activities
17,586
261,915
11,054
Z90,555
3.506
893,733
21,092
1.155,648
11.054
1,187.794
632
1.261,558
5,578
1,267,768
Investment5
Total income
897,239
endItU￿ on:
Charitable activities
Research
Inspiring the future
icould
15.217
1,158,026
15,217
1,187,073
38,647
1.240,937
8,367
1,279,016
40.418
29,047
38,647
Total expendlture
67,694
1,173,243
1,327,801
Net incomel{expend•ture) for the year
222,861
{276,004)
153,143)
{60.0331
Transfer between funds
115,217)
207,644
15,217
{260,787}
Net movements in funds
{53,1431
160,0331
Reconciliation of funds:
Total funds at l April 2023
111,279
276,909
388,188
448,221
Total funds at 31 March 2024
318.923
16,122
335,045
388,188
The statement of financial activities includes all gains and losses recognised in the year.
All of the Trusvs activities derived from continuing operations during the above two financial periods.
The notes on pages 20 to 29 form part of these financial statements.
17

Education And Employers Taskforce- Registered number: 06886359
Balance sheet
31 March 2024
Notes
2024
2024
2023
2023
Fixed assets:
Tangible assets
12
3.823
2,750
Current assets
Debtors
13
47.125
149,902
Cash at bank and in hand
439,397
486.522
507,814
657,716
Credltors: Amount5 falling due within
one year
14
(155.300)
1272,2781
Net current a$5etS
331,222
385.438
Total assets less current liabilities
335,045
388,188
Income funds
Restricted funds
17
16,122
276,909
Unrestrlcted funds
Designated funds
General unrestricted funds
19
19,246
299,677
19.246
92.033
18
318,923
111,279
Total funds
335,045
388,188
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accou nting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime and in accordance with the provi5ion5 of FRS102 section IA- sm311
entities.
The financial statements were approved by the Trustees and signed on their behalf by:
rustee
Date: [..
The notes on pages 20 to 29 form part of these financial statements.
7R

Education And Employers Taskforce
Statement of cash flows
For the year ended 31 March 2024
2024
2024
2023
2023
Note
Cash flows from operating activities
Cash (used in) operating activities
23
176N13)
1166,787)
Investing activities
Purchase of tangible fixed assets
Interest received
(3.0581
11,054
14.0411
5,578
Net cash funded by investing activities
7,996
1.537
Net decrease in cash and
cash equlvalents
{68.417)
1165,250)
Cash and cash equivalents at l April 2023
507,814
673,064
Cash and cash equivalents at 31 March 2024
439,397
507,814
19

Educatlon And Employers Taskforce
Notes to the financial statements
For the year ended 31 March 2024
General Informatlon
Education And Employers Taskforce is a private company limited by guarantee and is incorporated in
England and Wales. The registered office is Quantum House, Red Lion Court, London, EC4A 3EB,
England.
In the event of the charity being wound up. the liability in respect of the guarantee is limited to £1 per
voting member of the charity.
The Charity's objectives and aims are disclosed in the Trustees, and Director5, Report.
Accounting Policies
Basis of preparation of financial statements
These financial statements have been prepared in accordance with FRS 102 Yhe Financial Reporting
Standard applicable in the UK and Republic of Ireland" the requirements of the Companies Act 2006
and under the historical cost convention. The financial statements have also been prepared in
accordance with the accounting policies set out in more detail below, to comply with the charity's
governing document. the Charities Act 2011 and Accounting and Reporting by Charities- Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with The Financial
Reporting Standard applicable in the UK and Republic of Ireland.
The Charity constitutes a public benefit entity as defined by FRSIO2.
The financial Statements are prepared in sterlin& which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The Trustees have prepared the accounts on a going concern basis. It is the Trustees. opinion that the
Taskforce has sufficient income by way of grants and donations, from a variety of entities which secures
their funding for at least the next twelve months from the date of approval of the financial statements
I'the forecast period"). In making that assessment consideration has been given to the anticipated
renewal of contracts due to expire within the forecast period were probable, with plans in place to
mitigate against the loss of income should that be the case. The Trustees have reviewed the cash flow
projects for the forecast period and the charity has sufficient cash at bank to meet its liabilities as thev
fall due.
The Trustees and management continue to work to secure medium- and longer-term funding, where
appropriate in partnership with others. but always retaining the guiding principles of independence and
that services are free.
The Trustees believe that the charity has sufficient funds to continue its activities for at least twelve
month5 from the date of signing the financial statements and that there are no material uncertainties
impacting on that assessment.
Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their
charitable objectives unless the fund5 have been designated for other purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the
terms of a work strand.
Income
Grant income received from the Department for Education, Education and Skills Fundin8 Agency and
other organisation is recognised using the accruals model and spread over the length of the contract.
20

Education And Employers Taskforce
Notes to the financial statements {continued)
For the year ended 31 March 2024
Donations and Legacie5, which include grants from non-governmental organisations (NGOS) are
recognised when the Charity is entitled to it after any performance condition5 have been met, the
amounts can be measured reliably, and it is probable that income will be received.
Investment income is recognised on a receivable basis, net of management fees.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably
by the charity- this is normally upon notification of the interest paid or payable by the bank.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred.
Charitable expenditure comprises those cost5 incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and
those costs of an indirect nature necessary to support them.
Governance cost5 include those cost5 associated with the general running of the charity and include the
operations of the Board and addressing constitutional, audit and other statutory requirements.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a
basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated
directly.. others are apportioned on an appropriate basis.
2.6 Trademarks
Internally generated trademarks and logos are treated a5 an expense and written off to the Statement
of Financial Activities in the year that the expenditure is incurred.
Allocation of support ¢0Sts
The costs of functions, which support more than one of the charit¢s activities, have been allocated to
those activitie5 based on time spent in furtherance on the charitws objectives.
2.8 Tanglble and intangible fixed a55ets
Tangible fixed asset5 are initially measured at cost and subsequently measured at cost, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful
lives on the following bases..
Furniture. fittings and equipment
20% & 33% straight line
It is the charity's policy not to capitalise items costing less than £l.000. All trademarks. logos and
intellectual property are written off in the year incurred.
Impairment of fixed a55et5
At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible
assets to determine whether there is any indication that those assets have suffered an impairment1055.
If any such indication exi5t5, the recoverable amount of the asset is estimated in order to determine the
extent of the impairment loss lif any).
2.10 Cash and cash equlvalents
C35h and cash equivalents include cash in hand and deposits held at call with banks.
21

Education And Employers Taskforce
Notes to the financial statements (contlnued)
For the year ended 31 March 2024
2.11 Financial instruments
The charitable company applies the provisions of Section 11 'Basic Financial Instruments, of FRS 102 to
all of it5 financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to
the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements.
when there is a legally enforceable right to set off the recognised amounts and there is ar) intention to
settle on a net basis or to realise the asset and Settle the liability simultaneouslv.
2.12 Financial instrument5
Basic financial assets, which include debtor5 and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortlsed c05t Using the
effective interest method unless the arrangement constitute5 a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
2.13 Baslc financlal liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is measured at
the present value of the future receipts discounted at a market rate of interest. Financial liabilities
classified as payable within one year are not amortised.
2.14 Taxation
The Taskforce is a re8lStered charitable company and as such its income and 8ains falling within Sections
466 to 493 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992
are exempt from corporation tax to the extent that they are applied to its charitable objectives.
2.15 Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless these
costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any used holiday entitlement is recognised in the period in which the employee's services
are received where deemed material by the Trustees.
2.16 Pension
The charity operates a defined contribution scheme, and the pension charge represents the amounts
payable by the charity to the fund in respett of the year. The costs of the defined contributions are
charged to each activity based on the methodology in note 16.
2.17 Operating lease
Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred over
the term of the lease.
Critical accounting estimates and judgements
In thp. applir.Htinn nf thp r.harity's ar.r.niJnting pnlir.ip4. thp Trijstpps arp rpqiiirpd tn makp jiJdgpmpnt£,
eetimater Jnd J""umption"
about tho carrying amount of arrot
and liabilitiov that aro not roadily
appareiit from otlier sources. èslimale5 and a550ciaLed a5SUII)PLion5 are based on liislorical
experience and other factors that are considered to be relevant. Actual results may differ from these
estlmates.
The estimates and underlying assumption5 are reviewed on an ongoing basis. Revlsions to accounting
22

Education And Employers Taskforce
Notes to the financial statements {continued)
For the year ended 31 March 2024
estimates are recognised in the period in which the estimate is revised where the revision affects only
that period, or in the period of the revision and future periods where the revision affects both current
and future periods.
Gifts in kind
Gifts in kind are measured at their fair value. Calculation of the fair value of each gift in kind received by
the charity involves a degree of judgement to be made. which includes looking at the market value of
the gift in kind at the date of receipt, and what would be expected to be paid at an arm's length
transaction. This calculation has no net itnpact on the result for the year.
Donations & legacies
Unrestricted
funds
Restricted
funds
2024
Unrestricted
funds
Restricted
funds
2023
Donations
17,586
17,586
3,506
3,506
21,092
21,092
500
500
132
132
632
632
Charitable activitles
Unrestricted
funds
Restricted
funds
2024
Unrestricted
funds
Restricted
funds
2023
ITF
icould
237,890
24,025
261,915
893,733
1,131,623
24,025
1.155,fA8
116,126
29,750
145,876
1,115.682
1,231,808
29.750
1,261,558
893,733
1,115,682
Income from Investments
2024
2023
Interest receivable
11,054
11,054
5,578
5,578
23

Education And Employers Ta5kforce
Notes to the flnancial statements (continued)
For the year ended 31 March 2024
Charitable activities
Research
Inspiring
the
futu
Icould
Total
2024
Total
2023
Staff costs
Other direct Costs
Depreciation
3,584
11,633
609,660
108,927
1,987
720,574
613,244
159,207
1,987
774,438
550,346
198,120
1,417
749.883
38,647
15,217
38,647
Share of support cost5
(see note 81
Share ofgovernance
costs (see note 81
439.439
439,439
554.168
27.060
Z7,060
23,750
15.217
1,187.073
38,647
1,240,937
1,327,801
Analysis by fund:
Forthe year ended 31
March 2024
Unrestricted funds
Restricted funds
29,047
1.158.026
1,187.073
38,647
67,694
1,173,243
1,240,937
15.217
15,217
37,647
For the year ended 31
March 2023
Unrestricted funds
Restricted fund5
25,167
1,253,849
1,279,016
40,418
65,585
1,262,216
1,327,801
8,367
8,367
40,418
The allocation of staff costs 15 based on time spent on each activity.
Support costs
Support
costs
Governance
Costs
Total
2024
Total
2023
Staff costs
Other costs
306.856
132,582
439,439
306,856
132,582
439,439
18,750
8,310
466,499
370,389
183,779
554.168
18,750
5.000
577,918
Audit fees
Legal and professional
18,750
8,310
27,060
439,439
Support and governance c05ts are allocated in proportion to the direct costs incurred in respect of each
activitv.
24

Educatlon And Employers Taskforce
Notes to the flnancial statements (continued)
For the year ended 31 March 2024
Net movement In funds
2024
2023
Net movement in funds Is stated after charglng
Fees payable to the charity's auditor
Depreciation on tangible fixed assets
Operating lease charges
12,000
1,987
32,147
12,000
1,417
32,147
io
Trustees
None oftheTrustees lorany persons connected with them) received any remuneration or reimbursement
of expenses from the charity during the year12023- none).
li
Employees
Number of employees
The average monthly number employees during the year was..
2024
Number
2023
Number
Research
Inspiring the future
Other support staff
19
19
24
25
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
809,288
77,212
42,509
929,009
799,348
79,972
33.275
917.595
The charity offers all employees a season ticket loan which is repayable by employees within the year
from the date the loan is issued.
The number of employees whose annual remuneration was £60.000 or more were:
2024
Number
2023
Number
In the band E60.001- £70.000
In the band £70.001- £80,000
In the band £80,001- £90.000
The charity considers the Board of Trustees, the Taskforce Dirertor and the ITF senior management a5
their key management personnel. The total employment benefits {includin8 employer's national
insurance contributions and employer pension contributions) ot key management personnel wa5
£249,30412023: £270.396}.
25

Educatlon And Employers Taskforce
Notes to the financlal statements (continued)
For the year ended 31 March 2024
12
Tangible Assets
Furniture,
fittings and
equipment
Cost
At l April 2023
Additions
At 31 March 2024
53,800
3,058
56.858
Depreciation
At l April 2023
Charge for the year
At 31 March 2024
51.048
1.987
53.035
Net book value
At 31 March 2024
At 31 March 2023
3A23
2.750
13
Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Prepayments & accrued income
36,518
10.607
47,125
118,190
31,712
149,902
14
Credltors: amounts falling due within one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
7304
8,336
81,392
58.268
155,300
12.654
79.239
8,655
171.730
272,278
26

Education And Employers Taskforce
Notes to the financial statements (continued)
For the year ended 31 March 2024
15
Deferred Income
2024
2023
Deferred income at l April 2023
IrTrcome received requiring deferment
Release of irlcome during the year
Deferred income at 31 March 2024
127,723
12,780
(127.723)
12,780
135.000
127.723
{135,0001
127,723
16
Retirement benefit scheme5
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of
the scheme are held separately from those of the charity in an independently administered fund.
The charge to Statement of Financial Activities in respect of defined contribution scheme was £42,509
12023.. £33,275).
At the balance sheet date, the charity had total pension contributions outstanding totalling £3.39512023.'
£3,315).
17
Restricted funds
Movement in fund5
Balance
at l April
2023
Income
Expenditure
Transfer
Balance at
31 March
2024
Research
Inspiring the future
(15,2171
11.158,0261
{1,173,2431
15,217
276,909
276,909
897,239
897,239
16,122
16,122
15,217
Movement in funds
Balance
at l April
2022
Income
Expenditure
Transfer
Balance at
31 March
2023
Research
Inspiring the future
18.3671
11.253.849)
11.262,2161
8.367
414,944
414,944
1,115,814
1,115,814
276,909
276,909
Research fund:
Ensijring thp latp£t qpminArs and confprpnces arp made available to those who reqiiire it.
Insplrlng the future fund:
Inspiring the future is a free and easy way for schools, college5 and volunteer5 from the world of work
to connect.
27

Education And Employers Taskforce
Notes to the financial statements (continued)
For the year ended 31 March 2024
18
General funds
Movement In funds
Balance at I
April 2023
Income
Expenditure
Transfer
Balance at 31
March 2024
General unrestricted
92,033
92,033
290,554
290,554
(67,693)
167,6931
115,2171
115,2171
299,677
299,677
Movement in funds
Balance at i
April 2022
Income
Expenditure
Transfer
Balance at 31
March 2023
General unrestricted
14.031
14.031
151,954
151.954
165,585)
165,585}
18,367)
18,367)
92,033
92.033
19
Designated fund5
The income funds of the charity include the following designated funds which have been set aside out
of unrestricted funds by the Trustees for specific purposes:
Movement in funds
Income
Expenditure
Balance at
l Aprll 2023
Balance at
31 March 2024
Staff personal
development fund
19,246
19,246
19,246
19,246
Movement in funds
Income
Expenditure
Balance at
l April 2022
Bè13nce at
31 March 2023
Staff personal
development fund
19,246
19,246
19.246
19.246
The staff personal development fund is expected to be used within the next two years.
28

Education And Employers Taskforce
Notes to the financial statements (continued)
For the year ended 31 March 2024
20
Analysls of net assets between funds
Unrestrirted
fund
Restricted
funds
Total
2024
Fund balances at 31 March 2024 are represented by..
Tangible a55ets
Current assets
3,823
315,100
318,923
3,823
331,222
335,045
16,122
16,122
Unrestricted
fund
Restricted
funds
Total
2023
Fund balance5 at 31 March 2023 are represented by:
Tangible assets
Net Current assets
2,750
108,529
111,279
2,750
385.438
388,188
276.909
276,909
21
Operating lease commltments
Operating lease payments represent rental payables by the charity for land and buildings. Leases are
negotiated for an average term of 4 years.
At the reporting date, the charity had outstanding commitments for future minimum lease payments
under non-cancellable operating leases, which fall due 35 follows:
2024
2023
Within one year
Between one and five years
49,000
39,067
88,067
49,000
88,067
137,067
22
Related party transactions
The Charity received income from the Bank of America during the year totalling £58,325 {2023: £59,889).
There were no amounts outstanding at the current or previous year end. lan Ferguson is a Trustee of the
Charity and has an interest in that business.
There were no further transactions with related parties to be disclosed under FRS 102.
23
Cash generated from operations
2024
2023
Deficit for the year
153,1431
160,0331
Adjustments for:
Interest receivable
Depreciation of tangible fixed assets
111,0541
1,987
15,5781
1,417
Movements In workln8s capital:
Decreaselllncrea5el in debtors
(Increase) in creditors
Cash (used in) operating artivlties
102,777
{116,9781
176,4131
197,354}
15,2391
{166,7871
29