CLASSICS FOR ALL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
Classlcs for All REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 CONTENTS Legal ènd administrative Infomiation Statement from the Chainnan Report of the trustees Independent examinerfs report 13 Statement of financial artivities 14 Balance sheet 15 Statement of cash flows 16 Notes to the financial statements 17
aassks for KIARD OF TRUSTEES, REPORT For the year ended 31 December 2021 LEGAL AND ADMINISTRATIVE INFORMATION Name CLASSICS FOR ALL (company limited by guarantee no. 07182949 re8lstered charity no. 1135379) Registered office Room C14, East Win81 Kin8'5 College, London WC2R 2LS Honorary Presidents Nicholas Barber CBE Geoffrey de Jager (from 15 March 20211 Trustees and dirertors James Mulville (Chairman) Matthew Lindsey-clèrk (Hon Treasurer) Helen Geary IJ Marion Gibbs CBE Ormai Musie Professor Michael Scott The following served as trustees and dirertors during the year: Christopher A Clarke IHon Treasurer until 12 May 20211; Deborah Hughes (until 8 October 20211,. Sir Rupert Jackson luntil 8 October 20211. Professor David Lan8slow (until 8 October 20211. Advisers Jeannie Cohen Dr Peterjones MBE Executl¥e Director Jules Mann Pro8ramme Director Hilary Hod8son Bankers CAF Bank Ltd, 25 Kings Hill Avenue. Kings Hill. West Mallin& Kerrt ME194JQ Independent examiner Anthony Epton F CT& FCIE Goldwins Limited 75 Maygrove Road. West Hampstead. London NW6 2EG l. MernbersOfDe¥e¢nIC(nrn 2. MembetsolFln**e& 0rdI5(nrn1tee. > Membersc4NwitiatioDsCommittee
lasslcs for All BOARD OF TRUSTEES. REPORT For the year ended 31 December 2021 STATEMENT FROM THE CHAIRMAN In earty December 2021 Classics for All held a gala dinner at Goldsmrths Hall to mark two landmark events. The first was a"151i8htly belatedl celebration of our ten yearg existence during which CfA established itself as one of the most effectNe and innovative charities in the country. And the second equally important reason was to honour our outgoing chalrman, Geoffrey de Jaeger, an insplrational leader whose support, ener8y and fierce commitment enabled the charty to become the highly successful and focused or8anisation it is today. You may reMeMr back in early December 2021 just before the event was due to take place the government had i55ued warnings about the arrival of the Omicron variant. We held our breath fearing that guests would stay away, bLrt we need not have worried. The affection and commitment which generously flows from our supporters were much In evidence that night and a full house enloyed an evening of inspirational videos and speeches witnessing the amazing work of CfA nationwide. The Iwe auction was a huge 5ucce$5 enabling the charity to rdise in one evening over £250k adding to the much needed funds to carry on work in 2022. As we know, the real genius of our charity Iles in its abillty to transform a young individual's expectations- to dream and to unshackle their imagination, inspired as they are by their exploration of the Ancient World, but now after ten years in business we also have objectNe data to sit ak>n85ide the individual's positive subjective experience. We have now supported over 144,700 chlldren aged 7-18 and trained 4,400 teachers in over 1,100 schools Introducin8 them to all things classical- from Latin to Homeric epic, ensuring that our 2025 target of 1,500 Schools is well within our reach. Alongside our relentless puth into more schools, especially primary. we are embracing new partnerships in our endeavourto broaden the appeal of all subjects in the dassics cannon. So I would Ilke to conclude by inviting all of you who have supported us In the past year to take deep bow. You are the wind beneath our win8s and as we embark on the next stage of thi5 exciting and cnjcial mission to ensure that every young person in the country irrespective of their back8round can. if they so wish. explore and enjoy the study of the classical wodd. Jimmy Mufville. Chairman REPORT OF THE TRUSTEES The trustees, who are also dlrectors under company law. present their annual report together with the financial statements of the charity for the year ended 31 December 2021. The trustees confirm that the financlal statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Prdctice- Accounting and Reporting by Charities= SORP applicable to charities preparin8 their accounts in accordance wrth FRS 102.
aassks for All BOARD OF TRUSTEES. REPORT For the year ended 31 December 2021 Objectlves and actlvltles Purposes and alms The object of Classics for All is to advance education in the languages, history and culture of Anctent Greece and Rome and the classKal world generally I"classics" 4nd"classical Subjec). We believe that Studying classical svbjerts lancient history, classical civilisation, Latin and Ancient Greek) is enjoyable and beneficial for all pupils, building cultural awareness and developing language and analytical skills, as well as raislng levels of aspirations and achievement. Our mission is tt> inspire more state primary and secondary schools to teach classlcs, especially In areas of social and economic disadvantage. To do this, we offer free training, resources, advice and mentoring to make classlcs a sustalnable part of the school curriculum. Key achievements and performance in 2021 Our main aims durin8 2021 were to embed classlcs on the curritulum In schooE5 already teachin8 classical subjects and to work wlth l(XJ new schools. We also set out to strengthen our 13 re8ional cLissics networks whlch offer ongoing local advice, mentorin8 and support to schools. In response to the pandemic, we continued to explore new approaches to work with schools. expanding our online trainin& resources and events to meet the needs of sclv)ols at a time of disruption and uncertainty. By the end of the year, despite on8oin8 challen8es, we exceeded our target5, helpin8 165 schools to Introdu classics for the first time, reaching a record 240 schools in total and tralning 1,1 teachers. This brou8ht the total number of schools supported Sin our Inception to 1,150 school5. of the 165 schools Introducing classics for the first time, 119 were prlmary schools, supporting our ambition to increase take-up of Latin and classics in the earty years ol education. In July, we celebrated achIng our l.OOOth school, a milestone we had set ourselves when we estsblished our original ten-year plan, when It seemed a very distant aspiration. We a150 hosted our first annual teaching awards to cebrate the resilience and achievements of 15 eXptIOnal teachers from across the UK who have embedded classics in their schools. Wlth a generous grant from the Rank Foundation, we promoted the teachln8 of classl¢s in area5 of low take-up including Birmlngham, Blackpool, Hull and the Torbay area. An impressive 50 new schools signed up for classics taster sessions and many now plan to make classics part of the school curriculum. As part of the programme, we a150 worked with Hull Truck Theatre Company using an interactive online theatre programme to excite primary school pupils at¥)ut the lan8uage and cumure of Ancient Greetr. Wtth the University of Warwick and other re8lonal partners, we continued work on an ambitious website with resources to help non-specialist teachers navi8ate the confusing maze of GCSE and
Classlcs for All BOARD OF TRUSTEES. REPORT For the year ended 31 December 2021 A level classics. Written by talented teacher5. these materfals have proved popular w4th teachers during the pandembc. attracting one quarter of a million downloads. Cla55iCs for All 15 now supported by 13 regional networks, which recruit, support and train local schools keen to explore classics. In 2021. we were grateful to our university partners. who contributed £ifKik to the runnin8 costs of our gIonal networks lin cash and in kindl, reducinB the cost to Classlcs for All. We also welcomed new co-ordlnators to our reglonal networks in Exeter and Leeds and put plans in place to revive our network in Wales. Raising the aspirations and achievements of pupils in areas o social and economic challenge remains one of our priorities. We are therefore delighted that a significant prowrtion of the schools we reach have high numbers of pupils eligible for free school meals. We are also proud to have now trained over 4,000 state school teachers to teach classical subjects to over 140,(NJO pupils. In 2021 over SO pupils from state schools SUPPOrted by Classics for All went on to study classics at universty- As the pandemic igins to ease, we remain securely on course to exceed our target of reaching 1.51J) schools by 2025 and look forward to buildlng on Succe in the coming years. Financlal revlew Throughout 2021 fvndraising actwty was planned around Covid constraints, and the charivs financial performance contlnued to be healthy. At the start of the year. we had set a consetvative fundraising target of £65C. based on the encouraging levels of 5UPPOrt the previous year. Thanks to the contSnuing generosity of our 5UPPOrters. we ended the year with total income of £787k12020: £656kl. Income from indlvlduals lincluding legacies1 rose by 12% to £496k; donations from trusts and foundations were broadly steady at £190k. Our increased revenues allowed us to In¢aSe our overall charitoble expenditure. which includes supporting our regional networks. school support costs and our team's programme delivery to £439k 12020: £342kl. a 28% increase from 2020. Net income before Erants awarded rose considerabty by 47% to £406k12020: £276kl. The cost of grants awarded to schools and regional networks rose by 52% to £225k12020- £148kl reflerting the resurgence of normal programme delivery and expanding areas of work In the regions and in primary schools. This particularly reflects activity SUPPOrted by grants received from The Rank Foundation, The A. G. Leventis Foundation, The Polonsky FOundatn and The Reed Foundation Ifrom the 2020 Big Give Christmas Challenge). We had an overall surplus for the year of £187,48612020'. surplus of £142,7961 which will gNe us adequate resources to run our programme even as the pandemic uncertainties continue into 2022. At the year end, with reserves brought forward of £370k, total reseNe funds increased to £557k of which £445k were unrestricted12020- £292kl and £112k restricted12020: £77kl. Our cash balances at the yearnd increased by £225k to £527k12020'. £302kl.
Classlcs for All BOARD OF TRusfEES' REPORT For the year ended 31 December 2021 Fundralsln8 Fundralsln8 trend 2017-21 Souro: Indivsdual Trusts & foundations Corporate support 2017 2018 2019 2020 2021 % 5-yr than £325,887 £414,095 £456,362 £441,343 £495.805 52% £95,798 £171,$00 £184.787 £201,344 £189,820 £9.CiKJ £12.C#)O 98% Our main x>urces of income remain donations from individuals and from trusts and foundations; we added 1,030 new indNidual donor5 and five new trust5 and foundations in 2021, è very encouraging increase in our donor base. After pllotlng onllne events In 2020. we invested in an in-house ticketing system and introduced hybrid events combining live and Ilvestreamlfilm screening. This resulted in a promising new avenue of income and significantly raised our profile- we were able to offer our supporters three live events and eight online ticketed events during 2021. The online events alone raised over £26k in ticket sales and donations. We also saw a generous response to table bookings for our gala dinner in December, which further increased our indNidual donations for 2021. The evenin8 included an auction and opportunities to pledge funds for three enrichment activities-11 an Independent Primary Qualifitation, ill school trips and iiil bursaries for students from state schools supported by Classics for All who plan to study classics at university. The gala dinner. honouring our President Geoffrey de Jager and belatedly celebrating Classics for All's tenth annlversary. raised £256k in seat ticket sales, auction incorne, cash donations and pledged fvnds for the charity. of which E230k was received in 2021. In early December we again participated in the 818 Give Chrlstmas Challenge, securing £89k which included £30k in matching pledge funds from individuals. Champion match funding of £20k from the Julia and Hans Rausing Trust will be received in 2022. In total. with the addtth)n of over £9k In GFft Aid the campaign raised £118k12020- £124kl. Trusts and foundations also responded positively during the year, with five more supporting us in 2021 than in the previous year. Overall, 79% of ourtrust and foundation intome came from muttl-year funding commitments, from The A G. Leventis Foundation. Goldman Sachs Gives UK, The Hugh Fraser Foundation, The Polonsky Foundation, The Rank Foulldation, The Rushworth Foundation and The Basil Samuel Charttable Trust. Other trust and foundation donors included The An810 Hellenic League, The John Coates Charitable Trust, The John S Cohen Foundation. Gatsby Charitable Foundatlon, Gilbert Murray Trust, The Headley Trust, Jowett Copyright Trust, Marsh Christian Trust and the New Park Educational Trust. Our Big Give Champion match funds (related to our 2020 Christma5 Challenge) came from The Reed Charity. Developln8 and maintalnlng relatlonships wlth new and exlstSni donors We seek to develop and maintain relationships wrth both new and existing donots through three main attivities- ticketed public events (talks and lectures1* prNate events and dinners. and a match funding campaign.
Classics for All BOARD OF TRusfEES' REPORT For the year ended 31 Dffember 2021 Our donor numbers Increased dramatically by 135% from 695 in 2020 to 1.631 in 2021. This builds on a conttrnuing growth tnd year on year but took a remarkable jump thanks to our online events. Owing to pandemic restrirtions we were able to deliver only three live events, a Lawyers Group at the Supreme Court, a UK World Premier of Tom Stoppard's Penelope hosted by Cazenove Capital and our Gala Dinner at Goldsmiths, Hall. However, we si8nificantly increased our ticket sales by offering eight of our events virtually to a wider public. beginning with a successful online tslk by Professor Mary Beard DBE in January which attrarted a worldwide audien and raised over £5k. Overall, our events attracted a total of 2,015 audience members lan average of 168 per event) and resulted in 1,951 event-related donations. 986 of these donors were new to Classics for All- in fact, these new donor5 represented 60% of our total number of donors during 2021. By keeping up a regukr Social media presence- often driven by stories from schools we supported during lockdown- we managed to increase our followers from 15.5k to 17.4k on Twitter112%1 and from 3k to 3.3k on Facebook IIO%I. We increased our presence on Instagram, growing from 1.2k to 1.8k followers150%1. and on Linkedln we have grown from 286 to 552 followers193%1. Atthough our Senior Philanthropy Manager was on maternity leave for much of the year we followed her robust programme of donor stewardship* legacy planning and plans for wideninB our donor base to enhance our fundraisin8 capabilities. Overall, through a combination of postal, social media and word of mouth outreach and a variety of virtual events we gained 1.030 new donors during the year. Donor recognltlon To encoura8e new donors to donate for the first time and exlstin8 donors to Increase their current level of giving, we continue to gNe all donors 8Ning £100 and above public reco8nition for their level of contribution by publishing thetr names (unless they wish to remain anonymousl under ¢las5ically-themed categories by the amount5 donated. The 2021 list of major donors will be published In our April 2022 newsletter and both these and our'centurion, donors will be posted on our website. We remain extremely grateful to all our donors, new and existin& for their tremendous support. would like to extend particular thanks to our sole'olyrnpian, donor, Geoffrey de Jager. who generousty gave over £IOO,OC() in 2021. Reserves pollcv ClassKs for All's reserves policy is to ensure that adequate general reserve fund5 are available at the year end to meet at leèst a reasonable prorL)rtion of the following yearfs estimated operating costs, includin8 programme support and admlnistratlon. The trustees review the policy annually.
Classlcs for All BOARD OF TRUEEs. REPORT For the year ended 31 Derntser 2021 In March 2021 the trustees decided to retain the minimum target for general reserve funds at approximately three months. estimated core operating costs. These costs for 2022 are estimated at £419k makin8 our minimum general reserve fund target £105k. The £445k of general reserve funds held at 31 December 2021 therefore comply wtth this policy. Principal risks and uncertalntles The trustees have reviewed the major rlsks to which the charty Is exposed and established appropriate systems to manage them as outlined below. Maintaining our programme Gndfundrulslng during the Covid-19 pandemic When the impact of the Covid-19 pandemic became apparent in 2020, we took immedlate action to support schools during a period of closure and uncertaintyi for example by offering online training, advice and talks for pupils and teachers from schools acros5 the country. We also offered extra 5LlPPOrt and training to schools where classics teaching was disrupted owing to the pandemic. The Board and Its committees have been meeting and communlcatlng remotely Since Marth 2020. Similarly. all staff have been working remotely using online systems for internal meetlngs and for training purposes. Fundraising artlvrtles have been modified and most fundraising events have been converted to an online fomiat, Foiling to securesufficientfvndlngfor gronts ond othersupport to schools In an uncertain fvndraising climate we aim to mfcigate this with our targeted fundraising strategy to increase levels of support from trusts and foundations, dlrect debit donations from individuals and legacy fundin8. Loss of seniormonogement This is a particular vulnerability for any small organisation. We manage the risk by ensuring close working relationships between the trustees and senior management whilst buildin8 and strengthening tapabililies throughout the organisation. Adverse policy declslons fsuch us, fvrexomple, on exum boord dropping clussicol civilisatlon which then reduces clossics toke-up) We work in partnership with other cla551caS bodie5 to influence curriculum and examination policy. and support teachers through traininB to address oJrriculum change& Future plans With the caveat that the continuing impact of the Covid-19 pandemic on fundraising and on our work in schools is unpredSctable, our priorltles for 2022 are.. To support more schools in areas where we have a limited footprint. including t>evon and Cornwall and the Northeast.
Classks for All BOARD OF TRusfEES' REPORT For the year ended 31 December 2021 To balance help for new schools with supwrt for exlstlng schooL8 to ensure that our Vrk is sustainable. To develop our re8Hinal networks and establish a new base in Wales wlth the UnNersities of Cardiff and Swansea so that schools tsn gain access to local training and mentoring and learn from one another. To encourage a love of classics in prlmary schools to stlmulate subsequent demand In secondaryschools To work in partnership with the aassical Assocwtion and universbties to reMe barriers to the study of classics In state schools. To broaden our base of supporters, through campalgns, events and media, to attract a range of donors and corporate sponsors giving from £10 to £ICN),000 or more per year. Publk benefit The main artfvlt*s undertaken to further the chartty'5 purposes for the public benefit are to support State schools, particularly those in areas of social and economic disadvantage, by introducing classical subjert5 to pupils of all abilities and back8rounds. By in¢ludin8 freely available classics teaching resources and Buides on our website, we 3150 provide public benefft beyond the scope of our grant5 programme. The trustees confimi that they have referred to the Charity Commission's 8eneral guidance on Public Benefit when reviewing and shaping the charity's alms and objertNes for the year and plannin8 future actFvitles. The charity works to ensure tts programmes are inclusive, accessible and responsNe to the need5 of its beneficiaries. In line with the charlS objettives, our policy is to fund work that will: widen access to classlcal subjerts in state-maintained schools. with more pupils studylng them and more schoo15 teaching them. create an environment in which classical subjects are increasingty viewed as part of the normal curriculum for most schools. increase the number of pupils takin8 classical subjects to GCSE level and beyond. Classics for All does not replace state fundln& nor provlde a long-temi subsidy. We offer initial funding and targeted ongoing sUPPOrt for classics teaching so that schools, parents and pupils recognise the benefits they bring and make classics part of the mainstream school curriculum. Decisions to award grants to projects which further the objects of the charity and fall within the grant makin8 policy are taken by the trustees. StrUCre1 governance and management The governing document is the Memorandum and Articles of AssoCIatn. The Board is supported by a Devek)pment Committee, a Finance and Operations Committee and a Nominations Committee. Each has Terms of Refence agreed by the Board that receives reports of the Committee meetings and considers their respective recommendations.
aassics All BOARD OFTRiisfEES' REPORT For the year ended 31 December 2021 Durlng 2021 Jules Mann, Executive Director, had executive management responslbility for fundraising, operations, finance and administration. Hilary Hodgson, Programme Director. had executNe management responsibility for strategic oversight and development of the school programme. partnerships and monitoring and evaluation. Neither is a dirertor of the company nor a trustee, and both report to the Board. Declsions on grants of over £3,Crf)O are made by the trustees. There is delegated authority to the executwe team for making smaller grants, which enables us to meet schools, needs flexibly throughout the year. The grants budget is regularly reviewed by the trustees to ensure there is adequate funding in place before making new grant commitments. A number of individuals volunteer thelr time to work with the small number of paid staff in identifying and approaching potential new donors, maintaining relationships with existing donors, generating ideas and providing other support for new fundraising inrtiatNes. Appolntment oftrurtees The trustees, who are also directors of the company, hold office for an initlal term of three years and may be reappointed thereafter. They regularty review the composition of the Board to ensure an appropriate balance of knowledge and experience. We are delighted that following his tenure as Trustee1201>20211 and chalmian12012020I Geoffrey de Jager has joined Nicholas Barber as Honorary President of ClassiGS for All. The trustees would like to thank Christopher Clarke. who served as Trustee and Hon Treawrerto Classics for All Sin 2014 and stepped down as a trustee in May 2021. We extend our thanks to Sir Rupert Jackson, who served a tenn as a TnJstee from October 2018 to October 2021 and continues to lead the Lavdyers Group Steerin8 Committee. And final thanks to two Trustee5 who brought invaluable education expertise to the board for two term5 from 2015-2021: Professor Davld Langslow and Deborah Hughes. The Board be8an to recruit new trustees at the start of 2022. TNstee Induction and tralnlng New trustees re1Ve a full induction in the aim5 of the charity and thelr $)nsibIlItieS as trustees. Relatlonshlp5 wlth other organlsatlons Our work complements that of other organisation with an interest In promoting classics, including the A5SOClation for Language Learnin& the AssociatK*n for Latln Teachin& The Iris Projett, JAC[, the Hellenic Society and the Roman Society. 10
Classics for All BOARD OF TRusfEES' REPORT Fw the year ended 31 0mber 2021 We also work In close partnership with the Classical A5sociatlon, the Primary Latin Prolect, Hands Up Latin, Advocating Classical Education, the Cambridge Schools Classics Project. teacher trainers and universities. Such collaboratlon ensures that we maximise Impact, avoid duplication, influence policy and share good practi¢e. Remuneration pollcy for key mana8ement rsOnnel Both the Executlve Director, Jules Mann, and the Programme Dlrertor, Hilary Hodgson. were on a 0.8 fijll time equwalent basis in 2021. They both work to a set of annual key performance targets linked to the Strate agreed by the trustees. Their perfomiance and remuneration are reviewed annualty. General Data Protectlon Regulatlon Trustees reviewed the policy on data protection in accordance wrth new legislation that came into effect in May 2018; the charity continues to share its prbVaCY polioi with all donors and has recorded all pemissions for method of contact. ststement of responsibilities of the trustees The trustees are responsible for preparing the annu81 report and the financial statements in accordance with applicable law and UK Accountin8 Standards (UK General 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 charitable company and of its incoming re50urce5 and applicatlon of resource5, including the income and expenditure. ft)r that period. In preparing these financial statements, the trustees are required to: select sultable accounting policies and then appty them consi5tentty. obserye the methods and principles in the Chartties Ststement of Recommended Prntti {SORPI. make jud8ements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards and statements of recommended practice have been followed. subject to any material departures disclosed and explained in the financial ststements. prepare the financial statements on the 80in8 concem basis unless it Is inappropriate to presume that the charity will continue in operation. The trustees are sPOnSible for keepin8 proper accountin8 record5 that disclose wlth reasonable accuracy at any time the financial posttion of the charitable company and enable them to ensure that the financial statements compty with the Companies Art 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
aassks for BOARD OF TRUSTEES, REPORT For the year ended 31 December 2021 The trustees are responsible for the mèlntenance and Integrlty of the corporate and flnancial information included on the charitable company's website. legislation in the United Kingdom governin8 the preparation and dissemination of financial statements may dlfferfrom legislation in other jurisdictions. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 December 2021 was 51x12020: ten). The trustees are members of the charity, but this entriles them only to voting rights- they have no beneficlal Interest in the charity. Statement as to dlsdosure to our Independent examiner In so far as the trustees are aware: There 15 no relevant financial or rekited information of which the compan$ independent examiner is unaware. and The trustees have taken all steps that they ought to have taken to make theMseeS aware of any relevant financial or related infomiation and to establish that the Independent examiner is aware of that information. lThdepeThdent Examlner Goldwins Limited were re-appointed as the independent examiners of the charity in June 2021. Their unqUa1rfd report on the financial statements for the year ended 31 December 2021 is included below. They will receive a fee for their work. Thls report was approved by the trustees and si8ned on their behalf by- Signe Jlmmy Mulvllle Chairman ofTwstees Date: 12
Classlcs for All INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF CLASSICS FOR ALL For the year ended 31 December 2021 INDEPENDENT EXAMINER'S REPORT I report on the charty trustees on my examinatK*n of the accounts of the Company for the year ended 31 December2021. ResponslbllltSes and bas15 ol report As the charws trustees of the Company {and also Tts dirertors for the purposes of company lawl vou are responsible for the preparation of the accounts in accordance with the requirements of the Companles Act 2CIJ61'the 2006 Arfl. Having satlsfled myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for Independent examination, I report in respect of mv examination of your ¢hariVs accounts as carried out under Sect]n 145 of the Charities Act 2011 {'the 2011 ACYI. In carryin8 Out my examination I have followed the DIrectn5 given by the Charty Commission under sertion 145151 Ibl of the 2011 Act. Independent examlnerfs statement Since the Companvs gross Income exceeded £250.orAJ, I confirm that l am qualifbed to undertake the examination because l am a member of the ICAEW, which is one of the listed bodies. I have completed my ex3mlnation. I conflrm that no matters have come to my attention in connettlon wlth the examlnation gtvin8 me cause to believe: accounting records Vre not kept In respert of the Company as required by section 386 of the 2)6 Act; or the accounts do not accord with those records; or the accounts do not comply with the accounting requlrements of sectlon 396 of the 2006 Act otherthan any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an Independent examination: or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable In the UK and Republit of Ireland IFRS 1021. I have no concems and have come across no other matters in connection with the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. AJ Eph• on BA FCA CTA FCIE Anthony E Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG Date.. 0110812022 13
aassks for 1 STATEME OF FINANaAL AcfiviTIES (incorporating an income and expendlture account) For the year ended 31 December 2021 2021 T¢)tsl Unrestricted Re5trirted 2020 Total Note5 UnrerIrted Restricted Income from: Donations and legacies 510,294 187,331 697.625 498,046 153,641 651,687 Fundraisin8 events 88,880 3,620 3.620 Investment income 646 626 626 599,820 187,331 787.151 502,292 153,641 655.933 Expendlture on: Raisln8 funds 160,752 160.752 171.337 171.337 Charitable activities Grnnt Making hools Outreach 210.280 76,415 81017 70,201 292297 146.616 179,412 56.284 45,29) 60,814 224,702 117,098 Total charitable activitle5 286,695 152,218 438,913 235,696 106,104 341,800 Total expendlture 447,447 152,218 599,665 407,033 106,104 513.137 Net Income I lexpendlturel forthe year and net movement In funds 152,373 35.113 187,486 95,259 47,537 142.796 Re0ClI1?tlon of funds: Total fvnd5 brought forward 292,361 77,383 369,744 197,102 29,846 226,948 Total funds carried forward 17 444,734 112,496 557,230 292.361 77,383 369,744 All of the above results are derived from contlnulng activities. There were no other retognised gains or losses other than those stated above. Movements in fund5 a disclosed in note 17 to the financial statements. 14
Classics for All BALANCE SHEET Company number07182949 For the year ended 31 Decernber 2021 2021 2020 Notes Debtors Cash at bank li 59.445 526,694 586,139 105,112 301,733 406,845 Current Uabllltles Creditors Grants payable In one year 12 14 17,238 11,671 28.909 15.597 21,504 37,101 Not Current Assets 557230 369,744 Total Net Assets 557,230 369,744 Funds Unrestricted funds General funds 17 444.734 444,734 292,361 292,361 Restricted funds 112,496 77,383 Totsl fvnds 557,230 369,744 These accounts have been PrePad in accordance with the special provisions of Part 15 of the Companie5 Art 2006 relatlng to small companies. For the year ended 31 December 2021 the company was entTtled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in questlon In accordance with section 476 of the Companies Act 2006. The directors acknowledge theSr responsibility for ¢omplyin8 With the requirements of the Act with respect to accounting records and for the preparation of accounts. Approved by the Board of Trustees and signed on it5 behalf by: Signed: Matthew Lindsey-clark HonoraryTreasurer Jimmy Mulville Chairman of Tru ees Date: Date: 26 15
aassics for All STATEMENT OF CASH FLOWS For the year ended 31 December 2021 Note 2021 2021 2020 2020 Net cash wo¥lded by l (used In) operatln8 16 224,315 142,170 Cash flows from Investing actlvltle5: Interest from Investments 626 Cash provlded by l (used Inl In¥estin8 actlvitles Repayments of borrowing Cash inflows from new borrowin8 khan8e In cash and cash equlvalents in thè year 626 224,961 142.796 Cash at bank and in hand at the beginnin8 of the year 301,733 226,236 Cash at bank and In hand at the end of the year 526,694 369,032 16
Classics for All Note5 to the fin(la1 rtatements For the year ended 31 Decernber 2021 1 Acc¢>untlng pollcles al Basis of preparatio The financial statements have been prepared in accordance with Accounting and Reporting by A55ets and liabilities are initially recognised at historical cost or transartion value unless otherwise The charFtable company meets the definition of a public benefit enttty under FRS 102. bl Going Concern The trustees have considered the implications of Covid-19 and conduct regular reviews of the charit5 I costs and cash position. The charity relies on fundraising throuBh events, funding campaigns and direct grant applications- it encourages recurrin8 donations from individuak and applies for multi-year funding from Twrts and Foundations to ensure ongoing donatlon income. It continues to widen its donor base year on year. General reserves represent a healthy surplus over the target minimum level of reserves. and the charity has the flexibility to modlfy its support to schools In line wlth any fundralsing constraints that may arise. In 2020 it demonstrated the adaptabllity of its delivery model by developing on-line teacher support and learning resources. The Covid-19 pandemic does not gNe rise to material uncertainties about CFA'S abiltty to continue operating. cl Donations and legacies Donations and legacies are included in the statement of finantial activitres when received, unless they are for actNities that relate to a specified future period, in which case they are deferred to that period. Donation debtors are reco8nised when there is clear evidence of entitlement to receive funds in the accounting period, the amount Is known and receipt of those funds is certaln. dl Investment Income Intere income is credrted when received. el Restricted fvnds Restricted funds are to be used for purposes specified by the donor. Unrestricted Funds Unrestricted funds are donations and other incoming resources received or generated for the charity's general charitable pUrseS. 81 Expenditure Resources expended are reco8nised in the period in which they are incurred. Resources expended include VAT which cannot be recovered. 17
Classi¢s for All Notes to the flnandal stateMts For tho ar ended 31 December 2021 l Accounllng pollcies {contlDued) h) Grant attounting policy The full value of new grants awarded by the Trustees durlng the year Is recognised as expenditure (resources expended) in the year. Any grant monies which have been awarded but are not paid out in the relevant year are accrued as creditors. i) Cost allocation Where appropriate cost has been allocated proportionate to time spent on the variou5 0rtivitie5. 2 Summary Income and expenditure dlscloslng net grants awarded zozi Total 2020 Total Income Donatlons and legacies 69725 651.687 Fundralsing events 3.620 Investment income 626 Total Income 787,151 655,933 Expendlture Expenditure excluding 8rants awarded Surplus I Ideficitl before grants awaided 380,903 379,607 406,248 276.326 less.. New grants awarded Adjustments to grants awarded In prior years Surplus I Idellcitl for the year 224,691 15,9291 147,836 114,3061 187,486 142.796 18
Classics All Notes to the ffinandal ststernents For the year ended 31 December 2021 3 Donatlon and legades to the charity were as follows: 2021 Total 2020 Total Unrestricted Restricted Individual donations and legacie5 Trust and Foundations Corporate Sponsorship 428,554 69,740 12,000 510,294 67.251 120.080 495,805 189,820 12,000 697.625 441,343 201,344 9,000 651,687 187,331 Donatlons from Trnsts & Foundatlons Anonymous Basil Samuel Charitable Trust Cohen Foundation Esmee Fairbairn Foundation Foyle Foundation Goldman Sachs Giving UK John Coates Charitable Tnjst National Lottery Heritage Fund (Big Give Champion) New Park Educational The A. G. Leventis Foundatlon The CPFTrust The Garfield Weston Foundation The Gatsby Charitable Foundation The Headley Trust The Mrs FB Laurence Charitsble Trust The Polonsky Foundation The Rank Foundation The Reed Charity IBig Give Champion) The Rushworth Foundation Donations under £l.(m each Tolal Trusts & Foundations 7,5(M) 3,0¢)0 5,OCKJ 8,O¢XI 20,(KJO 3,000 3,000 25,294 2.OLK) 50,orM) 50,CKM) 2,0(J) 30,0 7,500 7,500 27,000 21,(K)O 27.000 21,01)0 12,500 12.080 2.240 189,820 33,000 21,000 12,500 12.080 12,750 2.240 69,740 120,080 201,344 4 Other tradSni activities:ficket sales, sponsorships and other income generated from fundraising events throughout the year. S Investrnént Income 15 bank Interest. 19
Class1¢5 forAII Notes to the flnanclal ststements For the year ended 31 December 2021 6 Analysls of expendlture Costs of rai5in8 funds Costs of charitable activities Grant Schools making Outreach Governance cost5 Support costs 2021 Total 2020 Total Salarles, soclal securlty and pension Recruitment and employment Costs Fundraising costs Morketing, publicity, website, CRM Professional fees and expenses IT, office costs and other overheads Programme Development Sub-total 71,313 618 37,271 31,141 61.¢J)6 58,432 353 17.960 132 208,711 1.471 37,271 31,141 17,688 9,623 74,998 380,903 244,429 3,094 2,837 48,666 19.606 13,fA6 47,329 379,607 1.530 395 16,158 8,069 1.159 74,998 134,942 140,343 61,374 20,017 24,227 Support costs Governance costs 10,176 10,233 6,057 6,104 5,814 5,860 2,180 122,1971 124,2271 Expenditure exduding grants awarded 160,752 73,535 146.616 3803 379.607 New grants awarded (see note 6dl Adjustments to grants awarded prior years 224,691 15,9291 224.691 15.9291 147,836 114.3061 Total expendItU 2021 I),752 292.297 146,616 599,665 513,137 Total expenditure 2020 171,337 224,702 117,098 513.137 Of the total expendlture, £447,447 was unrestricted12020: £407,033) and £152,218 was restrlrted12020.. £106.1041. bl Costs of generatlng fvnds comprise direct costs of raising funds and staff costs allocated In proportion to staff time. cl Costs of Charltable Actlvltles., Grant Makln8 include5 the costs of staff who or8anlse and admlni5ter the grants programme, allocated in proportion to staff time. and other direct costs Incurred in it5 delwery includin8 8rants awarded.
Classics ft*r All Notes to the finafitial statements For the year ended 31 De¢ember 2021 6 An•tysts of expendlture Icontlnued) dl Grants awarded comprise £224,691 of funds newly committed to school support in 2021. 'Restricted' and 'Unrestrlcted' refers to CfA's Sour of funding, not the conditions of support to the schools. 2021 Total 2020 Total Unrestricted Restrltted Blackpool Sixth Form College Cambrldge Classics Network The Classlcal Assoclation of Scotland Schools, Network ICASNI Dartford Grammarschool Lionheart Academres Trust Liverpool College Liverp11 College- Greek Academy Oxfordshlre, BerkshSre and 8uckin8hamshire Network Student Bursaries University of Birmingham Unlverslty of Brlstol Unlversty of Leeds UnNersity of Lelcester UniverSV of Liverpool- Greek Academy Universtty of Manchester University of Warwick 8 awards of £1,01 to £3,LKQ12020:101 53 Awards of under £l.IYXJ12020:531 158 Awards of Training12020:631 Adjustment to 8rants current year 4.850 4.850 12.(KKI 13,535 20.535 Is,c 5,000 19,580 6.954 7.5(JJ 12,080 6,954 12,723 3,240 io.c io. 10.377 11936 10,377 12.936 3,000 9.922 7,2 16,ICIJ 8.651 4,928 15,112 iO,CN)O 8,397 25,112 8,397 9.936 8,01)0 11,999 22,514 31,501 9,936 8,0(KJ 10.799 12,683 12,596 1.2C() 9,831 18,905 16.301 21,733 16,810 {6.7721 147,836 114,3061 133,530 129,474 12,7291 126,745 95,217 13,2001 92,017 224.691 15.929} 218.762 Adjustment to grant5 prior years Net zyants awarded el Cost of Charitable Activitie5: Schools Outreath includes the costs of staff, allocated In proportlon to staff tlme, and other dlrect costs incurred to carry out our schools programme developmenL resource development monltoring and evaluation. fj Go¥emance costs tomprlse adminlstration and expenses related to board and committee meetings. They have been allocated to activities in proportion to staff time engaged In those actrvfcies. 21
Classics for All Notes to the financi•l statements Forthe year ended 31 December 2021 6 Analysls of expendlture (contlnued) gl Support costs comprfjse expenses related to more than one activlty. Including recruitment, marketln& publiclty and web design, IT. Offi costs and other overhead5. They have been allocated to activities in proportlon to staff tlme engaged In those activttles. 7 Net Income I le¥peTrdlturel for the year 2021 2020 This is stated after charging. Independent examinert5 remuneratlon lexcludln8 VAn 1,275 1,167 8 Staff Costs and the cost of key management personnel 2021 2020 salar and wages Social seturlty costs & pension 187.741 20,970 208,711 220,696 23,733 244,429 Two full-time. one 0.9 fte and three 0.8 fte staff rnembers were employed at 31 December 202112020.. two full-time, one 0.9 fte, three 0.8 ftel. They were the Administrator, Programme ofPicer, Senior Phllanthropy Manager, Executlve Director, Programme Dire¢tor and Trainin8 and Resources Mana8er. No employee recelved employee benefrts (excluding employer pension) exceeding £60,crfx) during the year 12020- no employees). The total employee beneflts Includlng pension contributions and employer's natlonal insurance of the key management personnel (Executive Director and Programme Director) were £115,191 12020: £111.0351. 9 Trustees, remunerntlon and expenses The trustees receive no remuneratlon or any other benefit from their work wlth the charlty. No expenses were paid Trustees as reimbursement of travel expenses to meetings 12020: £0). 10 Related P•rties There were no donatlons from related parties whlch were outside the normal course of business of the Charity. Trustees donated £138.32812020'. £148,378). li Debto 2021 2020 Income Lix recoverable on 8rft aid donations Prepayments Other debtor5 41,035 280 18,130 59,445 25,653 176 79,283 105,112
a•ssics for All Notes to the finanaal statements For the year ended 31 December 2021 12 Creditors 2021 2020 Trade creditors 10,175 5.533 1.530 1,822 2.375 Tax and Social Security costs Accruals Deferred incorne Grants payable 10.0 21,504 37,101 11,671 28,909 13 Deferred Income Deferred Income comprlsed the following grdnts and income receNed for the purpose of expendlture In future years. 2021 2020 Tenth Anniversary IBursarles} iO.IXM) 10,1 2021 2020 Balance at the beginnin8 of the year Amount released to income in the year Balance at the end of the year iO.(M)O li0,0) iO,LXK) 10,000 14 Grants payabl• 2021 2020 Brought fonvard Awarded In year IRound 111 Paid in year (Round 10 and prevSous roundsl 21,504 55,452 Z18,762 133,530 1228,595) 1167.4781 11,671 21.504 23
a•$5ics for All Notss to the Ilnanoal ststements For the year ended 31 Decembèr 2021 15 Anatysls of net assets between fvnds al rrent year Unrestrlcted funds Restricted funds Tot•1 funds Net current assets Net assets at 31 December 2021 444,734 444,734 112,496 112,496 557.230 557,230 bl Prlor ye•r Unrestricted funds Restricted fund5 Total funds Net current assets Net assets at 31 December 2020 292,361 292,361 77,383 77,383 369,744 369.744 16 Recon¢iliatlon of not Incom• l (?xpgndltur•l to not cash flow from operntlng •ctlvlti88 2021 2020 Nel InM• l (•xp•nd1r• for th• reportlng wrlod (as por th• ststomenl of fln•ncl•l a¢ti¥ltle$l Interest, rent and dividends from investments Decrease / Ilncreasel Sn debtors (Decrease) / Increase in creditors Net cash provldgd by l (u8•d In) operatln9 actlvttl 187A86 142,796 16461 45,667 18,1921 224.315 16261 125.6881 141,6111 74,871
Classic5 for All Notes to the flnafidal staternents the year ended 31 December 2021 17 Movement In Funds al Current year At start of Incomlng resources Outgoing resources At end of year Transfers year Restricted funds Anonymous foyle Foundation Gala Dinner Pledges .Individual Donation5 ew Park Educational Trust Rushworth Charitable Trust The A. G. Leventis Foundation The John Coates Foundation The Polonsky Foundation The Rank Foundation 5,000 20,000 20.(K)O 32,400 34,851 2,000 12,080 50,IJOO 3,000 27,000 21,CN)O 187,331 32,400 4.650 30,201 2.OLK) 12.080 35,429 3,0 24,510 19,998 152,218 14,582 29,153 29.167 13,634 77.383 31.657 14,636 112.496 Unrestricted lunds General funds Total Unrestricted Funds 292,361 292,361 599,820 599,820 447,447 447,447 444.734 444,734 T1 funds 369.744 787.151 599.665 557,230 bl Prior year At start of Incoming resources Out80in8 resources At end of year year Transfers Restricted funds Anonymou5 Foyle Foundation Individual Donation Rushworth Charftable Trust The A. G. Leventis Foundation The Polonsky Foundation The Rank Foundation Waterloo Foundation 2019 Wates Foundatlon 20,000 11,891 12.750 50.(KKJ 33,C 21,LN)O 20,000 11,891 12,750 54.397 3,833 7.366 1,700 9,167 106,104 18,979 14.582 29.167 13,634 1,700 9,167 29,846 153,641 Unrestrictid fvfid5 General funds Total Unrestricted Funds 197,102 197,102 502,292 502,292 407,033 407,033 292,361 292,361 Totsl funds 226,948 655.933 513.137 369.744 25
Classics for All Notes to the IlThanaal ststements For the year *nded 31 Decernber 2021 17 Movement In Funds (contlnuedl cl Purpose of restrlcted funds Anonymous 120211 Funds to support the Scottlsh Classics Network. Foyle Foundatlon Online resource and onllne monitoring development for efficlent remote working and programme delivery. Gala Dlnner Pledges Donor pledges for Bursafies, School Trlps and Independent Primary Qualification to tske place durin8 2022. Indivbdual Donations 120211 Funds to support the University of Liverpool's Ancient Greek programme, University of Leicester Network and the Blackpool Network. New Park Educatlonal Foundation 120211 Funds to support the Scottish Classics Network. Rushworth Charftable Trust 120211 A 8rant to support the Liverpool Classics Network. The A.G. Leventis Foundation 12020-221 The second year of a three-year grant to SUPPOrt the expanslon of Latin and Ancient Greek in primary and secondary state schools. The John Coates Foundation 120211 Funds to support the Cambridge Networ The Polonsky Foundatlon 12020-211 The second year of a two-year grant to expand Latln In Primary Schools. The Rank Foundation 12020-221 The second year of a three-year grant to contribute to the salary of a Network Coordinator to help reach under-served areas.